BitcoinNews: #1 In Blockchain News

[BitcoinMoschiach]

Facebook to Launch Its Own Cryptocurrency?

Leading social media site Facebook, which has billions of users, may be on the path to launch its own cryptocurrency, indicates the recent tidings.

Reading the full article at https://bitcoinnews.com/facebook-to-launch-its-own-cryptocurrency/

Video https://www.youtube.com/watch?v=Cw9IfmERrLI

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Malta Makes Huge ICO Funding Gains as Crypto Investment Funds Rise in 2018

New crypto funds are continuing to open despite a falling market and apprehension over ETF decisions, according to the latest analysis from Crypto Fund Research.

Read the full article at https://bitcoinnews.com/crypto-investment-funds-on-the-rise-in-2018-and-malta-makes-huge-ico-funding-gains/

Video https://www.youtube.com/watch?v=CguLpSEflUA

[BitcoinMoschiach]

Nigeria to Launch State-Backed Blockchain Hub in African Crypto Surge

A new Nigerian blockchain hub is being launched by the government in conjunction with a UK blockchain firm.

Read the full article at https://bitcoinnews.com/nigeria-to-launch-state-backed-blockchain-hub-in-african-crypto-surge/

Video https://www.youtube.com/watch?v=-365WwAx_j0

[BitcoinMoschiach]

Binance Demos Decentralized Exchange

Changpeng Zhao has published a video showing a demo of the early stages of the Binance decentralized exchange (DEX), which will be hosted on the Binance Chain. Changpeng Zhao says “As you guys saw, that’s a very casual early demo for the Binance Chain, there’s still a ton of work to be done to turn it into a final product. The team is working on it very aggressively. Nevertheless, I think this is a major milestone for Binance chain”.

Read the full article at https://bitcoinnews.com/binance-demos-decentralized-exchange/

Video https://www.youtube.com/watch?v=eFt1J3zh85o

[BitcoinMoschiach]

Bitcoin’s Dominance Percentage Over 50% for the First Time Since December 2017

Bitcoin’s dominance percentage is at 50.9% as of this writing on 12 August 2018 according to data from CoinMarketCap. The numbers are up 15% from May 2018 when the uptrend began. This is the first time since December 2017 that Bitcoin’s dominance percentage has risen above 50%, meaning most of the money invested in cryptocurrency is invested in Bitcoin.

Read the full article at https://bitcoinnews.com/bitcoins-dominance-percentage-over-50-first-time-since-december-2017/

Video https://www.youtube.com/watch?v=ptr1-yiuW3I

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Bitmain Aiming for $18B IPO, Biggest Crypto-Related IPO in History

Bitmain, the largest manufacturer of Bitcoin and cryptocurrency mining rigs, is aiming for a USD 18 billion initial public offering (IPO) when it launches on the Hong Kong stock exchange in Q4 2018 or Q1 2019. This would be by far the largest cryptocurrency IPO in history.

Read the full article at https://bitcoinnews.com/bitmain-aiming-for-18b-ipo-biggest-crypto-related-ipo-in-history/

Video https://www.youtube.com/watch?v=rMqe3KKHrg8

[BitcoinMoschiach]

Bitmain Selling Routers That Mine Cryptocurrency

Bitmain is about to launch a USD 18 billion initial public offering (IPO) on the Hong Kong stock exchange and is becoming quite innovative and creative with the devices offered to mine cryptocurrency. Bitmain has released two different models of mining Wi-Fi routers, a router that can mine X11 cryptocurrencies like Dash and a router that can mine blake2b cryptocurrencies like Siacoin.

Read the full article at https://bitcoinnews.com/bitmain-selling-routers-that-mine-cryptocurrency/

Video https://www.youtube.com/watch?v=TlNutsVJ24Y

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FindSatoshi Campaign Suffers from Lack of Foresight

An Estonian man named German Neff has created the FindSatoshi movement, which has a goal of finding Satoshi Nakamoto using whatever it takes to finally reveal the Bitcoin creator’s identity, regardless of Satoshi’s wishes to stay anonymous. Neff is using a Russian crowdfunding site and has received RUB 5.5 million (USD 80,700) so far to fund this effort.

Read the full article at https://bitcoinnews.com/findsatoshi-campaign-suffers-from-lack-of-foresight/

Video https://www.youtube.com/watch?v=sv1udblnCD0

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Kim Dotcom Warns to Invest in Bitcoin Before US Debt Bomb Explodes

Internet legend Kim Dotcom, who became infamous for his website Megaupload that became a global hub for internet piracy, is warning the people of the world to invest in Bitcoin and gold before the United States debt situation hits the fan.

Read the full article at https://bitcoinnews.com/kim-dotcom-warns-to-invest-in-bitcoin-before-us-debt-bomb-explodes/

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The price of BTC began a sharp drop today, altcoin fell far more than the BTC, and the market is already in poor shape.

[UmitatsuKen]

A report released by litigation consultancy firm Cornerstone Research indicates that initial coin offerings (ICOs) account for under 2% of securities class action lawsuits – just 12 of 750 cases.

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Nations That Desire State-Backed Crypto Should Just Use Bitcoin

Iran has recently been making headlines regarding the development of an state-backed cryptocurrency. This is due to crippling United States sanctions that are progressively tightening since the Iran Nuclear Deal was thrown out by the Trump administration, which has caused hyper-inflation of the local fiat currency rial (IRR). Further, the US is stopping Iran from buying and selling foreign currencies, precious metals, and commodities. Iran now has a team developing an Iranian state-backed cryptocurrency from scratch, which raises the question, why go through the trouble of developing a state-backed cryptocurrency instead of just using Bitcoin?

Read the full article at https://bitcoinnews.com/nations-that-desire-state-backed-crypto-should-just-use-bitcoin/

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World Bank and Commonwealth Bank Team up with Blockchain

The World Bank and The Commonwealth Bank of Australia have combined to create an Ethereum-based Australian dollar blockchain bond.

The bond project has a target of between USD 50 million and USD 100 million for sustainability projects. The World Bank issues between USD 5060 billion a year for project funding around the world.

Read the full article at https://bitcoinnews.com/world-bank-and-commonwealth-bank-team-up-with-blockchain/

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Could Wall Street Banks Become Crypto Custody Specialists?

Wall Street banks are slowly beginning to consider crypto custody as another mainstream service.
This, despite the occasional dig at crypto from the big players on Wall Street such as Goldman Sachs recent “cryptocurrency mania” comment last week citing it as one of the top risks for the market, even though the very same bank is dipping into Bitcoin derivatives on behalf of its fund manager clients.

Read the full article at https://bitcoinnews.com/could-wall-street-banks-become-crypto-custody-specialists/

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India may Implement Crypto Token Specifically for Financial Transactions

The finance ministry of India is taking an interesting approach to digital tokens despite having a ban on cryptocurrencies; a new committee is examining the possibility of setting up a legitimized crypto token payment system.

Read the full article at https://bitcoinnews.com/india-may-implement-crypto-token-specifically-for-financial-transactions/

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Two Microsoft Patents Pending to Tighten Blockchain Security via TEE

Microsoft has applied for two new patents which would give the computer giant the potential to utilize trusted execution environments (TEEs) in its blockchain network.

Read the full article at https://bitcoinnews.com/two-microsoft-patents-pending-to-tighten-blockchain-security-via-tee/

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Facebook Puts Down Stellar Partnership Rumors

Amid the blockchain and cryptocurrency rumors surrounding social media giant Facebook, the company has now denied being in talks with cryptocurrency firm Stellar.

Read the full article at https://bitcoinnews.com/facebook-puts-down-stellar-partnership-rumors/

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Saudi Arabia Declares Bitcoin Illegal

Saudi Arabia has banned virtual currency, including Bitcoin and all other cryptocurrencies. This is the decision of the standing committee for awareness on dealing in unauthorized securities activities in the foreign exchange market, which was formed by the Capital Market Authority, Ministry of Interior Membership, Ministry of Media, Ministry of Commerce and Investment, and the Saudi Arabian Monetary Authority (SAMA).

Read the full article at https://bitcoinnews.com/saudi-arabia-declares-bitcoin-illegal/

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Crypto Hedge Funds Face Tax Uncertainty

With US government scrutiny focusing in on cryptocurrencies, hedge funds face tense uncertainty due to the unclear tax regulations regarding digital currency assets.

Read the full article at https://bitcoinnews.com/crypto-hedge-funds-face-tax-uncertainty/

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BitcoinNews.com 8/6/2018 Daily Radio Show

This edition of the BitcoinNews.com daily radio show starts with a Bitcoin market update, followed by a story about a study which found that the USD is dominant in the global Bitcoin markets, the ex-CTO of Qiwi used 100,000 payment terminals to mine 500,000 Bitcoins which are now worth USD 4 billion, and a story about a Bitcoin Dealer called Morpheus Titania who ended up in prison for 41 months after police entrapped him, serving as a warning for all other Bitcoin dealers who operate without licenses.

Follow the show at https://anchor.fm/dashboard/episode/e1vg7n

Video https://www.youtube.com/watch?v=KIFSnLu0LfA