Day: September 6, 2018

Survey: Nearly 80% of Americans Have Heard of Bitcoin

boss

Just under 50 percent of millennials are interested in using cryptocurrencies as a primary form of payment as opposed to using the U.S. dollar, a new survey by polling firm YouGov found. The company released the results of its latest poll Thursday, which asked 1,202 Americans about their familiarity and interest in cryptocurrencies on August 29 and 30. According to a press release, 79 percent of respondents have heard of at least one type of cryptocurrency, with 71 percent saying they have heard of bitcoin. The second-best known cryptocurrency was…

Uzbekistan Looks to Lure Crypto Exchanges With New Tax Benefits

boss

The Uzbekistan government is welcoming cryptocurrency exchanges to set up shop within the country. An order issued by president Shavkat Mirziyoev on September 2 gives foreign exchanges a number of benefits to begin operating in the country. The document states that cryptocurrency-related income will not be taxed, licensed exchanges running operations with cryptocurrencies and foreign fiat currencies are not subject to existing foreign currency regulations and crypto exchanges are not subject to the country’s securities and exchanges regulations. However, foreign entities can only get a license for a cryptocurrency exchange after…

Bitcoin Miner Bitfury Knows How to Make Cooling 95% More Effective

boss

Photo: Allied Control Ltd. Cryptocurrency mining is a costly process requiring huge amounts of energy, processing power and advanced cooling systems to keep the equipment running. With the growing competition, miners are undertaking all approaches possible in order to achieve maximum efficiency and remain profitable. Some have placed their mining farms in Siberia, while others have buried their equipment beneath the Eurasian steppe. Bitfury has upgraded the cooling system at its 40-megawatt mining plant located in Tbilisi, Georgia, Bloomberg reported. The company has submerged its computers directly in a non-conducive…

Crypto Daily News | Twitter Considers Blockchain Technology

boss

In today’s edition of crypto daily news, we’ll look at a new survey that shows that 80% of Americans have heard of Bitcoin, as well as at the details of Twitter looking in blockchain technology. Crypto Daily News: September 6th, 2018 Survey Shows 80% of Americans Know about Bitcoin Published today by the polling firm YouGov, a new poll shows that just under 50 percent of millennials in the US are interested in using digital currencies as a primary form of payment. This would be opposed to using the US Dollar.…

GBP Crypto Trading Pairs Being Rolled Out by Coinbase Tomorrow

boss

From releasing more Coinbase exchange pairs to expanding its services to the United Kingdom, Coinbase has been busy this year. And to top it off, today, we’ve seen an integration of these two things. Today, we’ve been introduced to four GBP crypto trading pairs. Coinbase Rolling out GBP Crypto Trading Pairs It’s happening fast. One minute we find out about it, the next we’re witnessing the launch. Earlier today, Coinbase disclosed a new order book trading pairs for GBP, which will be available to UK-based crypto traders. In the announcement,…

Crypto Crash | Is the Current Market Correction Worse than Before?

boss

The total cryptocurrency market is currently in the middle of a correction that is causing major panic across the community but is also majorly upsetting the long-time crypto enthusiasts. Is this the worst crypto crash we’ve experienced? Crypto Crash The crypto crash started back on the first week of January 2018 and has been dropping ever since. Today, the total crypto market hit a year-low at around $200 billion. The last time the market was at this price point was back in early November 2017. Source: CoinMarketCap There have been…

Explaining the Recent Market Performance

boss

Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift. Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if not more so than the recent decline and Bitcoin, in particular, was observed to have exceeded “a key resistance level at $7,000 after breaking out of the $6,800 mark… crucial for the short-term recovery of…

Coinbase Considers Launching Crypto ETF with Help of Wall Street’s BlackRock, Say Sources

boss

U.S.-based crypto exchange and wallet service Coinbase is looking to create a cryptocurrency-based exchange-traded fund (ETF) with the help of the Wall Street investment management giant BlackRock, according to a Business Insider report September 6. Coinbase has reportedly “held conversations” with $6 trillion asset manager BlackRock’s blockchain working group, Business Insider reports, citing “sources familiar with the matter.” The proposed crypto ETF reportedly discussed is aimed to allow retail investors to gain access to volatile crypto markets. Meanwhile the report states that it “remains unclear whether the talks were a…

How to Make Public Blockchains Safe for Enterprise Use

boss

Paul Brody is EY’s global innovation leader for blockchain. The views expressed are his own. At the beginning of this year, I wrote a column predicting that companies would find the allure of public blockchains irresistible. While a world of private blockchains provides many enterprises, regulators and central banks with the comfort that there are accountable, centralized entities involved, these permissioned networks will never match the innovation or network effects that public, permissionless networks offer. If the world of enterprise commerce remains committed to private networks, then they will have…

Chinese City Is Using Blockchain to Track Convicts on Parole

boss

Convicts on parole in the southern Chinese city of Zhongshan can now find themselves being tracked over a blockchain network. The justice department of Zhongshan says it has launched a blockchain-based system that can monitor the movements of ex-prisoners to improve the quality of so-called “community correction,” a local media source reported on Thursday. The technology has apparently been deployed across various community service centers where parolees are required to check in and complete daily duties. The department said it developed and applied the blockchain system in an effort to provide…