BitcoinNews: #1 In Blockchain News

[BitcoinMoschiach]

Zimbabwe’s Bitcoin ATM Sits Idle Just as Country Needs It Most

Zimbabwe’s Bitcoin ATM – the first and only one in the country – has been reported to be unusable, just as demand for Bitcoin there is at an all-time high.
Golix, the exchange responsible for installing the machine at their office in Harare, has been embroiled in a high courts battle since May 2018 with the Reserve Bank of Zimbabwe. The central bank had ordered all banks in the country to sever ties with Golix and other exchanges, halting the facilitation of crypto trading. Ultimately, this forced exchanges, including Golix, to cease operations, with bank accounts frozen and large amounts of money owed to customers.

Read the full article at https://bitcoinnews.com/zimbabwes-bitcoin-atm-sits-idle-just-as-country-needs-it-most/

[BitcoinMoschiach]

Bitcoin News Radio Show, 31st August 2018

Follow the show at https://anchor.fm/bitcoinnewscom

Read https://bitcoinnews.com/bitcoin-news-radio-show-31st-august-2018/

In this edition of the BitcoinNews.com radio show we discuss a massive Dogecoin rally brought on by the launch of Dogethereum. Hear about how rap superstar Eminem has referenced Bitcoin in a newly released song, and about how Ethereum futures trading is about to launch on CBOE. Learn about Satis Group’s long term crypto forecasts, and how an investigative report found the Petro cryptocurrency isn’t backed by any oil and is untradeable.

Follow the Bitcoin News Radio Show on Anchor, iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, Overcast, Castbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

Video https://youtu.be/Fj53r_zfUYk

[BitcoinMoschiach]

Bitcoin News Radio Show, 1st September 2018

Follow the show at https://anchor.fm/bitcoinnewscom

Read https://bitcoinnews.com/bitcoin-news-radio-show-1st-september-2018/

In this edition of the BitcoinNews.com daily radio show, we again mention the accelerating Dogecoin rally. Hear about how Ethereum has drastically reduced block rewards, and how that’s bad for miners. Learn about how blockchain and crypto are flourishing in terms of job growth. We discuss an artist who sold all of their paintings for crypto.

Follow the Bitcoin News Radio Show on Anchor, iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, Overcast, Castbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

Video https://youtu.be/KymlHeHBH_0

[BitcoinMoschiach]

Bitcoin News Radio Show, 2nd September 2018

Follow the show at https://anchor.fm/bitcoinnewscom

Read https://bitcoinnews.com/

On this episode of the BitcoinNews.com daily radio show we discuss how Dogecoin rallied 187%, but the rally has finally pulled back a bit. Learn how to use Fibonacci Retracements to make profits when trading crypto. Hear about how Phil Wilson says he's 1/3rd of Satoshi Nakamoto, and the controversy this has caused. We discuss Russia's crack down on Bitcoin ATMs.

Follow the Bitcoin News Radio Show on Anchor, iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, Overcast, Castbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

Video https://youtu.be/gxKb5plC4NE

[BitcoinMoschiach]

Dogecoin Rally Finally Breaks After 187% Increase in a Week

Dogecoin has broken the general bearish trend of the crypto markets, with a sudden and rapid rally beginning on 29 August 2018. On 26 August, Dogecoin was stable near USD 0.0023 and by 1 September it hit USD 0.0066. This represents a 187% increase for Dogecoin’s price in less than a week. Daily trading volumes approached USD 200 million during this time, unprecedented levels for Dogecoin and an indication of the speculative frenzy that was surrounding Dogecoin.

Read the full article at https://bitcoinnews.com/dogecoin-rally-finally-breaks-after-187-increase-in-a-week/

[BitcoinMoschiach]

Fibonacci Retracements for Crypto Trading

Fibonacci retracements are a common mathematical tool used when trading to predict resistance and support levels. They operate under the principle that markets retrace a predictable amount before continuing in the direction of the long-term trend.

Read the full article at https://bitcoinnews.com/fibonacci-retracements-for-crypto-trading/

[BitcoinMoschiach]

Will Lowered Block Rewards Cause Ethereum to Split?

Ethereum’s developers have decided to lower mining block rewards to 2 Ether, from the current reward of 3 Ether or a 33% reduction. This was decided during a 31 August developer meeting and will be implemented when the Constantinople hard fork takes effect. The hard fork is designed to smooth the transition from proof of work to proof of stake and when that happens Ethereum mining will become a thing of the past.

Read the full article at https://bitcoinnews.com/will-lowered-block-rewards-cause-ethereum-to-split/

[BitcoinMoschiach]

More Satoshi Controversy with Phil Wilson Claims

New Zealand programmer Phil Wilson has claimed to be part of the team comprising Satoshi Nakamoto, alongside Craig Wright and Dave Kleinman. Despite Wilson writing a detailed origin story of Bitcoin, former Bitcoin developer Wright has publicly denounced these claims as a fraud.

Read the full article at https://bitcoinnews.com/more-satoshi-controversy-with-phil-wilson-claims/

[BitcoinMoschiach]

Masternodes as an Alternative Cryptocurrency Protocol

Over 400 cryptocurrencies use the Masternode protocol, the most famous of which perhaps is Dash. Masternodes are a variation on Proof-of-Stake (PoS) mining. PoS is when a user keeps coins in their wallet, staking them to help secure the network and generate new coins, accruing long-term interest. With Masternodes, a user must stake a large amount of coins and they receive significant profits long term, in exchange for their Masternode helping to run the network.

Read the full article at https://bitcoinnews.com/masternodes-as-an-alternative-cryptocurrency-protocol/

[BitcoinMoschiach]

Japan’s Largest Financial Group Trials Own Cryptocurrency

One of the world’s largest financial groups, Japanese company Mitsubishi UFJ Financial Group, has been trialing its own cryptocurrency.
The company has made its own Mufg coin available for payments by employees at its headquarters own convenience store in its Tokyo HQ. The experiment is said to be going well according to the company and “is quietly advancing” as Mitsubishi UFJ tests out whether either purchasers or merchant come across any issues.

Read the full article at https://bitcoinnews.com/japans-largest-financial-group-trials-own-cryptocurrency/

[BitcoinMoschiach]

Coinbase Continues Expansion with Eyes on Irish Republic

San Francisco-based cryptocurrency giant Coinbase has revealed that it is considering the Irish Republic as its next push to expand local markets around the globe.
Dublin has been cited as the exchange’s next target and to that end has already begun an employment drive in the city taking on customer support analysts, a compliance officer and an office manager.

Read the full article at https://bitcoinnews.com/coinbase-continues-expansion-with-eyes-on-irish-republic/

[BitcoinMoschiach]

Japanese Regulators Introduce New Crypto Exchange Screening Rules

Japan is to tighten some of its screening procedures for government approval for cryptocurrency exchanges.
A Japan Times report suggests that the Financial Services Agency (FSA) has “tightened its registration screening for cryptocurrency exchanges to see whether they are properly conducting risk management”, although the report hasn’t been confirmed by Japanese authorities.

Read the full article at https://bitcoinnews.com/japanese-regulators-introduce-new-crypto-exchange-screening-rules/

[BitcoinMoschiach]

Japan Latest to Push International Blockchain Voting

In news from Japan, the city of Tsukuba in the south of the country is using a tested blockchain voting system in order to let local residents of the city vote on local programs.
Tsukuba becomes one of Japan’s first cities to utilize blockchain technology in this way. The city is known to Japanese for its role in scientific research and development. Tsukuba Science City represents one of the world’s largest coordinated attempts to accelerate the rate of and improve the quality of scientific discovery, while not claiming to be Japan’s answer to Silicon Valley.

Read the full article at https://bitcoinnews.com/japan-latest-to-push-international-blockchain-voting/

[BitcoinMoschiach]

Man Amasses World’s Largest Collection of Crypto White Papers

Legal professional John van Rijck has built the biggest white paper database currently available for potential investors to search through around 1,600 projects for free via his website All Crypto Whitepapers.

Read the full article at https://bitcoinnews.com/man-amasses-worlds-largest-collection-of-crypto-white-papers/

[BitcoinMoschiach]

Brazil to Receive 1,000 Multi-Crypto Point of Sales Terminals

Brazil is set to receive 1,000 point of sale (POS) terminals that can accept multiple cryptocurrencies as payment.
Indonesian POS terminal suppliers Pundi X Labs have finalized a deal with Brazilian company BitCapital that will see 1,000 X POS devices distributed to hundreds of retail outlets, according to a joint press release. BitCapital states one of its main goals as creating an infrastructure network that can make cryptocurrency to fiat transactions as straightforward as is achievable.

Read full article at https://bitcoinnews.com/brazil-to-receive-1000-multi-crypto-point-of-sales-terminals/

[BitcoinMoschiach]

Canada Postpones Crypto, Blockchain Regulation Updates to 2020

Canada’s government has effectively put the release of new cryptocurrency regulations on hold until 2020 instead of updating them this fall.
The federal government in Canada is preparing for the 2019 general election which has caused it to delay the release of the regulations until after this has taken place, and with a 12-month waiting period for new regulations to go into effect, they will not be active until 2020.

Read the full article at https://bitcoinnews.com/canada-postpones-crypto-blockchain-regulation-updates-to-2020/

[BitcoinMoschiach]

111,000 Bitcoin Wallet Becomes Active After 4 Years of Dormancy

A Bitcoin wallet with BTC 111,114, worth around USD 800 million at current exchange rates, had been lying dormant since 2014 but recently became active according to an analysis from a Reddit user. A whole range of theories as to who is behind this wallet is cropping up. Some people think it’s Satoshi, others say it’s a wallet connected to the Silk Road. It’s possible this wallet is connected to Mt Gox or perhaps it’s just an anonymous whale investor.

Read the full article at https://bitcoinnews.com/111000-bitcoin-wallet-becomes-active-after-4-years-of-dormancy/

[BitcoinMoschiach]

Soluna Building 900 MW Wind-Powered Crypto Mining Farm in Sahara Desert

Crypto mining firm Soluna is creating a 900 MW wind-powered crypto mining farm in the Saharan Desert, in southern Morocco. It is being built on a 37,000-acre site that is classified as a Class 1 wind site, due to average wind speeds in excess of 22 mph, making it one of the best spots in the world to generate renewable energy from wind power.

Read the full article at https://bitcoinnews.com/soluna-building-900-mw-wind-powered-crypto-mining-farm-in-sahara-desert/

[BitcoinMoschiach]

Charlie Shrem Says Hold Your Bitcoins for At Least 5 Years

Crypto expert Charlie Shrem spoke at the MoneyShow conference in San Francisco, saying that people investing in crypto and Bitcoin should hold it for at least five years.  Shrem specifically says, “Pick something in the top 10 or 20, and look at those, learn about them, and take a stake in them. Any crypto you’re going to buy, hold for five years. Say, I’m going to lock this, and this money is locked for five years. There’s a high probability you’ll come out ahead in five years, because usually, these bull and bear markets go in two-year cycles.”

Read the full article at https://bitcoinnews.com/charlie-shrem-says-hold-your-bitcoins-for-at-least-5-years/

[Tunapress]

UK Law Commission Begins Smart Contract Research for Legal Reform
The UK Law Commission has begun research into blockchain technology, specifically smart contracts, in order to reform current laws to reflect their legal viability and use cases.
The commission published a working paper on Thursday detailing the extent of the agency’s research thus far. Initial research has already begun, according to the paper, with the in-depth study starting this summer. The project is described as working towards formulating laws that sufficiently reflects the nuances of the emerging technology, including providing flexibility in a ”global, digital context” while providing both legal clarity and certainty.
Read full article at https://bitcoinnews.com/uk-law-commission-begins-smart-contract-research-for-legal-reform/