Month: July 2018

Kyber Network Review

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Kyber Network is a decentralized exchange for cryptocurrencies. Founded by Loi Luu, Victor Tran, and Yaron Velner in 2017, Kyber Network can be used to exchange and convert digital assets. The Kyber Network token sale took place in September 2017, which raised around 200,000 ETH (the equivalent of $60 million USD at the time). The testnet launch took place in August 2017. Kyber Network’s mainnet pilot launch followed in February 2018, and ran until April 2018. The platform is running on the Ethereum mainnet, and the Kyber Network public beta…

How to Mine Litecoin – The Complete Beginner’s Guide to Litecoin Mining

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To get started mining your L3+ Litecoin, or other Scrypt coins, watch this video! You can also use it to get paid with BTC, LTC, or just about any other altcoin! The Risks of ASIC Mining Some developers don’t like the idea of ASIC (Application Specific Integrated Circuit) manufacturers having a say in their coin development. However, other ASIC developers (such as Bitcoin, Dash, and Sia) are allowing ASIC miners to mine their coins. For example, Monero developed the Bitmain X3 for ASIC mining. (And many speculate that Bitmain successfully mined Monero…

Complete List – Bitcoin Friendly Countries for Cryptocurrency Businesses in 2018

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One of the great advantages of Bitcoin is its international nature. Wherever you are in the world, so long as you have an internet connection, you can use Bitcoin to send and receive money. That said; some parts of the world are much friendlier to Bitcoin users than others. Anyone seeking to set up a Bitcoin business will naturally avoid those rare countries which actively discourage its use, either through burdensome regulations, harsh taxation, hostile banks, or even outright bans. The good news is that such hostile nations are rare.…

Bitcoin News Summary – May 28, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.     Despite continuing mainstream adoption and technical improvement, Bitcoin spent the latter half of the week in the mid-$7,000 range, having failed to hold the $8,000 level. Argentina’s Banco Masventas revealed that it would be exiting the SWIFT payment system in favor of Bitcoin. SWIFT is used for sending wire transfers between banks but the system, designed in 1973, is showing its age. The Marshall Islands, home to some 53,000 citizens, became the first nation in history to officially…

Bitcoin News Summary – June 4, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.     The National Tax Agency of Japan revealed that 331 crypto traders earned more than $1 million Dollars in profit over the course of 2017. In further news out of Japan – massive GMO corporation announced plans to trial Bitcoin-based rewards in its upcoming, free to play mobile game, “Whimsical War.” GMO also announced recently that they’ll be unveiling their new 7 nanometer Bitcoin mining chip. Venezuela will ban the importation of crypto mining hardware. As electricity is heavily-subsidized…

Bitcoin Inheritance Planning – What You Need to Know (and do…)

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It’s said that in this world, only two things are certain: death and taxes. While the invention of Bitcoin may cast a little doubt on the certainty of taxes, death remains sadly inevitable. However, one consolation of mortality is the ability to pass on one’s values, knowledge and accumulated wealth to others. When it comes to passing the baton of wealth to loved ones or favored projects, even here some governments demand their cut. Estate or inheritance taxes are perhaps the most odious of all taxes, combining death and taxes…

2018 Best Bitcoin Poker Sites (Plus Sign Up Bonus)

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As the gambling world begins to recognize the benefits of cryptocurrencies, Bitcoin poker sites are becoming more popular, bringing all the benefits of bitcoin—fast transactions, control over funds, low fees—to traditional online poker. Here’s a quick rundown of the best places to play online poker with your Bitcoins. Fortune Jack claims to be the biggest Bitcoin gambling site, and they are certainly one of the most popular. Currencies Accepted Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, Bitcoin Cash, Monero, ZCash Minimum/Maximum – Withdrawals & Deposits The minimum deposit and withdrawal is 0.01…

Bitcoin News Summary – June 11, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.   Japan’s GMO corporation revealed its new ASIC miner, the B2. The device achieves a 24 terahash per second hashrate for a power cost of 1950 watts, making it about 20% more efficient than Bitmain’s S9. The B2 sells for $2000 and will ship in late October. Supreme Court of Korea has ruled that Bitcoin is a legally recognizable asset. This clarifies the legal situation for South Korean Bitcoin traders and holders. Popular US exchange, Coinbase, has applied to the…

Bitcoin News Summary – June 18, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.   The US Securities and Exchange Commission stated that they don’t consider Bitcoin or Ethereum as securities, renouncing any claim to oversight of these coins. However, the SEC regards the majority of ICOs as securities, and thus within their regulatory scope. ICOs will need approval from the SEC in order to accept funds from Americans. Coinbase, the largest Bitcoin exchange, banned Gab, the free speech social network, from their platform. The ban was received with scrutiny in the Bitcoin community…

Bitcoin News Summary – June 25, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.   Some market watchers blamed the bearish price action on news that Japan’s largest exchange, BitFlyer, was ordered to suspend new account registrations. Japan’s Financial Services Agency, which oversees crypto exchanges, has demanded that BitFlyer improve their KYC / AML processes. Those who lost bitcoins in the Mt. Gox failure will receive a partial settlement of $450 per coin. This sum will be paid out mid-2019 in BTC, rather than fiat. This means that the Mt. Gox Trustee will no…