Day: December 11, 2018

UK MP Calls for Using Bitcoin to Pay Local Taxes and Other Bills

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Photo: QuoteInspector While some countries are still trying to deny the fact that cryptocurrencies have enough potential to transform all spheres of our life, others are trying to find the most appropriate use cases that Bitcoin can be applied to. Yes, today Bitcoin, as well as other cryptocurrencies, is not just an investment tool, it can easily replace traditional fiat assets and ensure much flexibility for users. Moreover, the technology behind it has already proved its capacities to be utilized in a wide range of industries. Now, there are serious…

Use of Bitcoin: More small businesses in Kenya accepts bitcoin payments

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Kenya health service provider, Health Land Spa, has begun to use bitcoin and other cryptocurrencies as a means of payment to strengthen accountability and avoid losses. With an introduction of cryptocurrency, Health Land Spa users can use digital wallets to pay for the massage, pedicure, beauty, and other services. The facility also accepts DASH payments and plans to increase support for more cryptocurrencies are underway. “I resorted to bitcoin payment to curb revenue loss. “There was so much theft in my business. So I asked myself, why don’t I use…

Australian Insurer Announces Blockchain Trial For Beef Export Supply Chain

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Australian truck and transport insurance company National Transport Insurance (NTI) has revealed that it is partnering with BeefLedger, an Australian blockchain platform on a pilot program that will deploy blockchain technology for end-to-end tracking of Australian beef exports. Aimed at improving food safety, export security and animal welfare in Australia, the program will use a distributed ledger platform alongside cutting-edge packaging technology and Internet of Things system to create and provide constant real-time data on beef product credentials and supply chain performance. Necessary Partnership According to BeefLedger,  the goal of…

Bitcoin-Powered Stock Trading: A New Use Case for BTC?

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Photo: QuoteInspector / Flickr While Bitcoin has been around for ten years, and its price has gone up more than ten thousand fold, many still express their frustration at the lack of real-world utility for the currency. Among those who were frustrated by the subpar adoption is Amatsu Soyonobu, an ex-Apple software manager and quantitative financier. In 2017, Mr. Soyoobu left his cozy Silicon Valley job to build a service that he believes provides one of the first tangible use cases for Bitcoin outside of its store of value. With…

Bitcoin Price Watch: BTC Facing Uphill Task Near $3,500

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Key Points Bitcoin price is under pressure below the $3,500 and $3,520 resistance levels against the US Dollar. Yesterday’s highlighted crucial bearish trend line is intact with resistance at $3,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to find a strong resistance near the $3,500 and $3,520 levels. Bitcoin price is struggling to climb above the $3,500-3,520 area against the US Dollar. BTC might decline towards the $3,340 support in the short term before higher. Bitcoin Price Analysis There was a…

Ethereum Wallets, Mining Rigs Still Targeted by Hackers at Low Prices

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Ethereum has been one of the hardest hit cryptocurrencies during this year’s bear market. Its woes are nowhere near over as mining hardware has been targeted by hackers looking to cash in before prices plummet even further. In a recent report tech based news outlet ZDnet revealed that hackers have unleashed a large scale scanning network designed to target Ethereum wallets and mining hardware. The campaign has been running for at least a week since December 3 according to cyber security researchers. The target specifically is port 8545 which is…

Crypto Market Update: Monero (XMR), Bitcoin SV, Tron (TRX), ADA Price Analysis

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Key Points The total crypto market cap extended declines below $107.00B and it could slide further. Monero (XMR) price is under pressure below $50 and it could test $40. Bitcoin SV price is declining towards the $90 support level. Tron (TRX) is stable above the $0.0130 support level. Cardano (ADA) price is down more than 3% and is testing the $0.0300 support level. Bitcoin SV is struggling to recover above the $100 handle. Monero (XMR), Tron (TRX) and Cardano (ADA) are down and they could continue to decline in the…

Ripple Price Analysis: XRP Aims New Weekly Low

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Key Highlights Ripple price is under pressure as it broke the $0.3040 and $0.3000 supports against the US dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend losses below the $0.2870 support zone in the near term. Ripple price is failed to gain bullish momentum against the US Dollar and Bitcoin. XRP/USD declined below $0.3000 and it may drop further below $0.2870. Ripple Price Analysis Recently, ripple price…

Bitcoin Price Slump Forces Bitmain to Shut Down Israeli Center

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Bitmain, the world’s leading bitcoin ASIC miner maker, is set to close its developmental center located in Ra’anana, Israel and lay off 23 employees, following the recent crash in the price of bitcoin and other cryptoassets, reported local news source, Globes on December 10, 2018.   End of the Road? The latest development is coming on the backdrop of the sharp fall in the price of bitcoin and the general decline in the digital currencies market. The closure of the Israeli developmental center is a significant blow to Bitmain, as…

Steady Rise in Small Businesses Accepting Bitcoin Payments in Kenya

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Emerging Markets Kenyan health services provider Health Land Spa has started taking BTC and other cryptocurrencies as a means of payment with a view to increasing accountability and averting losses. Across East Africa, cryptocurrency acceptance is on the rise, with at least two restaurants in Uganda and Kenya selling food for virtual currencies. Also read: Wirex Introduces Iban for all European Crypto Card Accounts ‘Safe and Secure’ Currency Tony Mwongera, founder of Nairobi-based Health Land Spa, told Kenyan news site Bitcoinke that he resorted to BTC to plug revenue loss. “There…