Day: November 22, 2018

Norway Withdraws Electricity Subsidies From Bitcoin Mining Farms

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Norway has acting to end electricity subsidies for Bitcoin (BTC) mining facilities, Norway’s largest printed newspaper Aftenposten reported Nov. 21. Until now, mining farms — in keeping with other power-intensive industries — paid a low rate of 0.48 øre ($0.05) per kilowatt. This will now rise to 16.58 øre per kilowatt as of January 2019, following an amended to the state budget agreement. One vocal parliamentary representative for the Socialist Left Party (SV) Lars Haltbrekken is quoted as strongly advocating the action, arguing: “Norway can not continue to provide huge…

Investors in US Market Paid $39,000 to Buy Bitcoin at Peak Using GBTC

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Twitter Facebook LinkedIn In the bull market of 2017, crypto investors paid more than $40,000 per Bitcoin (BTC) to purchase the dominant cryptocurrency. In the US market, a product called the Bitcoin Investment Trust (GBTC) offered by Grayscale Investment, a subsidiary of Digital Currency Group (DCG) exists that allows retail investors to invest in Bitcoin through the same account used in the stock market and other public markets. $39,000 Per BTC Every share of GBTC, an investment vehicle listed on OTC Markets, an American financial market providing price and liquidity…

Crypto Markets Shaky but Most Top Coins See Only Mild Losses

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Thursday, Nov. 22: after a period of tumult, the crypto markets are today somewhat calmer, with most of the top ten cryptocurrencies seeing only mild losses capped beneath a 3 percent range. A scattering of top twenty coins are even tipping into green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has today jaggedly veered between below $4,450 and $4,630; as of press time, the top coin is at $4,517, down 0.4 percent on its 24-hour chart. After a further sell-off brought Bitcoin to as low as…

New Crypto Backed by Gold and Silver Can Now Be Used to Buy Tickets to Sport Events

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An “evolutionary” monetary system that uses physical gold and silver as the basis for digital currencies has unveiled a series of partnerships as it works to increase participation in its platform and gain support from governments. Kinesis argues that backing cryptocurrencies with precious metals help to reduce the “severe price volatility” which have historically made them unsuitable for everyday use. Its coins can be loaded on to a debit card and quickly exchanged for fiat currency whenever a purchase needs to be made, and cash withdrawals are also going to…

All Star Team Announces WHIRL, a Socially Driven ‘Pay it Forward’ Crowdfunding Platform Built on the Blockchain

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ADVERTISEMENTS Backed by an all star team, blockchain, and crowdfunding veterans, Roel Wolfert (Bancor, VISA) and Martijn Hekman (World Vision, United Nations),  are thrilled to announce the launch of WHIRL, a socially driven crowdfunding platform that’s built on the blockchain. WHIRL gives the world a new way to finance their dreams and obligations, while introducing a revolutionary incentive system to encourage giving and to maximize campaign success. Powered by a team of 20 with support from an extensive business network, WHIRL launches after years of research, and a year and…

2019 to Be ‘Year of Reckoning’ for Major ICO Funds

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Twitter Facebook LinkedIn In a recent newsletter, BitMEX CEO revealed research done by BitMEX which listed 12 ICOs that raised more than $50 million in ICO but have yet go live on any secondary exchanges. The tokens listed were: He added: These deals have massive valuations, and many of the most venerated token funds took down large chunks. It is unclear when, if ever, these deals will ever list on the secondary market. Hayes humorous commentary provides a sobering outlook, in which he declares that he’s heard “anecdotal reports” that…

Price Predictions Roam Free As Bitcoin Stabilizes Above $4,500

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Since the crypto industry’s monumental rise to prominence on a planetary stage, pundits and consumers alike have sought to predict where Bitcoin (BTC), a mechanism to achieve financial freedom, is bearing. While some have succeeded, by luck or other means, other wannabe soothsayers haven’t seen an ounce of success, to put it lightly. Regardless, in this market’s most recent downturn, which began a week yesterday, price predictions have remained the flavor of the month, as it were. And with metaphorical heaps of op-eds, tweets issued in crazed frenzies, and insightful…

2019 to Be ‘Year of Reckoning’ for Major ICO Funds

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. In a recent newsletter, BitMEX CEO revealed research done by BitMEX which listed 12 ICOs that raised more than $50 million in ICO but have yet go live on any secondary exchanges. The tokens listed were: He added: These deals have massive valuations, and many of the most venerated token funds took down large chunks. It is unclear when, if ever, these deals will ever list…

Central Bank Does Not Endorse Plans for Tobacco Shops to Sell Bitcoin

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France’s tobacco federation, the Fédération des Buralistes, has obtained permission to sell Bitcoin (BTC) at tobacconists from January 2019, privately owned French radio network Europe 1 reported Nov. 21. In a deal with French cryptocurrency wallet provider KeplerK, beginning early next year, up to 4,000 small shops will sell Bitcoin vouchers that customers can then exchange for cryptocurrency on KeplerK’s website when they open a wallet. BTC will be available in denominations of 50, 100 and 250 euros and will subsequently roll out to remaining outlets. According to Europe 1,…

The Daily: Binance Adds KYC, Bitcoin Businesses Block Gab

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Thursday tends to be the busiest day of the week in the cryptosphere for some reason, and today, Nov. 22, is the perfect case in point. In this edition of The Daily we cover Binance’s long-anticipated move to KYC for customers and censorship-prone Gab’s struggle to obtain censorship-resistant money. Also read: Trial Begins: Bitcoin Exchange Accused of Wrongfully Reversing Trades Binance Becomes Last Major Exchange to Add KYC Binance, the world’s largest exchange by trading volume, has confirmed that it is adding Know Your Customer (KYC) verification. Since launching in…