Day: May 23, 2019

How Québec’s Industrial History Is Making Way for Bitcoin Mining

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The technical infrastructure of the Canadian province has been in place since the turn of the century. And much like several states from its border partner just South, many of these relics of the industry are going to waste. Electricity plants, coal mines, and the like are thus being reimagined as large scale cryptocurrency mining facilities. Canada’s Regulatory Stance The cold temperatures, low electricity prices, and a massive surplus of energy have turned Canada into a magnet for crypto mining operations. Québec, an eastern province just North of Maine and…

How Québec’s Industrial History Is Making Way for Bitcoin Mining

boss

The technical infrastructure of the Canadian province has been in place since the turn of the century. And much like several states from its border partner just South, many of these relics of the industry are going to waste. Electricity plants, coal mines, and the like are thus being reimagined as large scale cryptocurrency mining facilities. Canada’s Regulatory Stance The cold temperatures, low electricity prices, and a massive surplus of energy have turned Canada into a magnet for crypto mining operations. Québec, an eastern province just North of Maine and…

This Crypto Joke is a Better Investment Than Bitcoin

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By CCN: Originally created as a programmer’s practical joke, Dogecoin has defied the odds to cement its place near the top of the crypto market cap. Joke or not, however, this cryptocurrency is about to mount a serious challenge to Bitcoin, and prescient investors could yield a 185 percent windfall. Dogecoin Flashes Wildly Bullish Signal Through the years, one crypto trading formula that has stood the test of time is buying support while the market is oversold. The more oversold, the better. That’s because oversold conditions provide selling relief. In…

Bitcoin (BTC) Now Accepted by Telecom Giant AT&T

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AT&T Accepts Bitcoin So, it seems that the global adoption of Bitcoin (BTC) is already well on its way. Announced on Thursday, telecom giant AT&T will be accepting Bitcoin through BitPay, meaning that the firm is now the first major U.S. mobile career to accept cryptocurrency. “We’re always looking for ways to improve and expand our services,” said Kevin McDorman, vice president, AT&T Communications Finance Business Operations. “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method…

DREP Increased by 75% After Listing Announcement on BitMax.io

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The Phenomenal Track Record of Project Listing of This Rising Platform. BitMax.io (BTMX.com), the digital asset trading platform built by a group of Wall Street quant veterans last year, announced listing of DREP project on May 17, 2019. DREP market price increased by approximately 75% within 4 days, even before BitMax.io officially enabled DREP trading. This was not the first time when BitMax.io showed its market impacts. On May 7th, BitMax.io announced the listing of ABBC, a Top 100 project by ranking on CoinMarketCap. Believe it or not, the price…

Bitcoin (BTC) Will Easily Recover ahead of Halving, Manager Confident

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Bitcoin (BTC) ranging Brian Kelly says his fund is hoarding BTC ahead of next year’s halving It’s a sea of red in the top-10 and Bitcoin is down 4.8 percent from last week’s close. However, that doesn’t imply weakness because Brian Kelly, a crypto fund manager, says many are hoarding in expectation of 2020 scarcity. Bitcoin Price Analysis Fundamentals Yes, there has been a Bitcoin (BTC) pullback, but that is not enough to dampen expectations of its users. Trading at $7,600 on most crypto markets, Bitcoin is down 4.8 percent…

Vitalik Proposes Mixer to Anonymize ‘One-Off’ Ethereum Transactions

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“We need a first step toward more privacy,” Vitalik Buterin, founder of the ethereum blockchain network, said Wendesday. In a new HackMD post, Buterin detailed a design to help obscure ethereum user activity on the blockchain. More specifically, Buterin proposed a “minimal mixer design” aimed at obfuscating user addresses when sending fixed quantities of ether (ETH). According to Buterin, users can transact in one of two ways. “The default behavior” is to send and receive ether from a single account, which, of course, also means that all of a user’s activity…

Grayscale Widens Net for Ethereum Investors with Trust’s FINRA Approval

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By CCN: Digital asset investment firm Grayscale Investments, which boasts $1.2 billion in AUM, has received regulatory approval for another cryptocurrency product to be traded in the secondary market. FINRA, which is a self-regulatory organization, has given its stamp of approval to the Grayscale Ethereum Trust for the over-the-counter (OTC) markets under the trading symbol ETHE. While this investment vehicle launched back in 2017 during the last bull run, it was limited to institutional and accredited investors in private transactions requiring a minimum investment of a whopping $25,000. The FINRA…

The “Next Bitcoin” Is Not Going To Look Like Bitcoin (BTC) At All

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When Bitcoin launched, most people saw it as a dubious attempt to gain attention and laughed it off. The algorithm read too good to be true. However, the token rose from a value of zero to a high of $20,000 before its crash. Once called the “mother of all bubbles” by Bitcoin bear Nouriel Roubini, the token has recently hit $8,000 mark up from a low value of $3,000. In 2012, for instance, two pizzas were purchased for 10,000 BTCs. Today that Bitcoin is worth a fortune. As Bitcoin enjoys…

Bitcoin (BTC) is a Taxable Asset, Not a Currency; Israeli Court Says

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Bitcoin (BTC) is not a currency in the strict sense of the word and therefore falls into the category of a digital asset according to a recent sentence by the Central District Court in Lod, Israel. In this way, the holding of Bitcoins and the profits from operations with cryptocurrencies become taxable. The decision was taken by Judge Shmuel Bornstein as part of the verdict of a dispute between The Israel Tax Authority and Noam Copel, founder of blockchain startup DAV. Noam Copel Mr. Copel bought Bitcoins (BTC) in 2011…