Day: July 1, 2019

Bitcoin Price Continues to Rise in Venezuela

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The price of bitcoin against Venezuela’s fiat currency – the Bolivar (Bs), continues to rise even with the spot BTC price taking a hit over the past few days. People living in areas of economic turmoil continue to adopt BTC as a way of escaping rapid inflation and devaluation of their fiat currency. This according to a post on the Bitcoin subreddit on June 30, 2019,  from Venezuelan resident who revealed that 1 BTC is now worth more than 88 million Bs. Rising Bitcoin Price in Venezuela Despite Market Retrace…

Bitcoin (BTC) Disintegrating, Yielding To Liquidation Pressure

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Bitcoin (BTC) is down 7.5 percent Critics say Bitcoin is prone to manipulation citing unattractive volatility Fronting transparency and trustlessness devoid of intermediaries, Bitcoin is a success. With ultra-high security, the network is robust. Therefore, despite recent blips, BTC is fundamentally bullish. Traders ought to fine-tune entries in smaller time frames as it appears that prices may slip to $9,500 in days ahead. Bitcoin Price Analysis Fundamentals Cryptocurrencies, as we know, are here to stay. In a race favoring the fittest, Bitcoin has been battled tested, and as such, is…

Litecoin ‘Excellent’ in Adoption and Investment Returns

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American provider of investment data Weiss Ratings has ranked Litecoin (LTC) as “excellent” in regards to investment rewards and adoption Digital currency ratings unit Weiss Crypto Ratings has classified the fourth largest cryptocurrency in terms of market capitalization LTC as “excellent” when it comes to investment rewards and adoption. At the same time, the agency ranked the altcoin’s investment risk factor as “fair,” which resulted in the B- rate in the risk to reward ratio. Litecoin — a cryptocurrency and an open-source project released in 2011 with the idea to…

Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament

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On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed rules and incentives can be enforced with this consensus mechanism.” Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque A Virtual and Transparent Bitcoin Mining Parliament Will Be Established The system Satoshi Nakamoto created over 10 years ago has invigorated many people’s…

Around The Block With Jeff And Dave – July 1, 2019 Facebook Libra and Calibra, Metlife Using Ethereum, Bitcoin (BTC) at 11,000?, Kevin Hsu of BlockVC Interview, and More!

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In this episode, we do a deep technical dive into Facebook Libra and ask, is it trustworthy? Will it be valuable or even viable? Or will it crash and burn? In other news, Metlife is adopting Ethereum, but what will this mean for the future of the project? Bitcoin is the eighth largest currency in the world and we interview Kevin Hsu, founder of BlockVC with over 35,000 Bitcoin under management. Join us! Like BTCMANAGER? Send us a tip! Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4 Original

Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

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Bitcoin may be back over $10,000, but the price increase is bringing with it similar market inconsistencies as seen in the cryptocurrency’s meteoric 2017 ascent. At press time, bitcoin prices in South Korea are once again trading at a notable premium to Western exchanges. The spread, popularly known as the “Kimchi Premium” after a Korean preserved food dish, rose to $1,048 on Sunday, the highest level since Feb. 24, 2018, according to data from cryptocurrency exchanges Bithumb and Coinbase. Bithumb is South Korea’s largest cryptocurrency exchange while Coinbase, headquartered in…

Facebook’s Libra Shook the Financial World, Banks Rush to Issue Cryptos

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Experts say that Facebook’s Libra will probably not reach the billions they claim, and it won’t affect the financial world and stability in general. However, while everyone is talking about Libra, banks are developing their own digital currencies. Since Facebook announced it’s Libra Project, we have seen many talks in the media about it. The cryptocurrency has been analyzed from A to Z, and everyone seems to want an opinion on the subject. Writers are trying to understand how the currency might actually be used, by who or whom. It…

Facebook’s Libra Shook the Financial World, Banks Rush to Issue Cryptos

boss

Since Facebook announced it’s Libra Project, we have seen many talks in the media about it. The cryptocurrency has been analyzed from A to Z, and everyone seems to want an opinion on the subject. Writers are trying to understand how the currency might actually be used, by who or whom. It is clear that in developed countries Facebook’s Libra won’t gain much traction as every citizen’s financial life is more or less set with ease. Everyone can already pay with contactless cards or QR codes, store their money in…

Huobi Unveils ‘Finance Chain’ For Building Enterprise Blockchains

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Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1. Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi services, according to the announcement. The joint initiative, provisionally called “Huobi Finance Chain,” is targeting enterprises, financial institutions, as well as exchanges, and is set to operate as a regulatory-compliant financial blockchain network. Specifically, Huobi is planning to enable regulators…

How to safeguard your Windows PC against cryptojacking

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In January last year, analysts uncovered the Smominru crypto mining botnet that targeted Windows servers to mine Monero—an open-source cryptocurrency. According to a reputable cybersecurity firm, the breach generated over 3.6 million dollars by the end of January. Elsewhere, late last year, Comodo Cybersecurity discovered malware on a customer’s PC that used legit Windows processes to mine cryptocurrencies. Across the board, cryptojacking—which is the unauthorized use of someone’s PC to mine cryptocurrencies—is on the rise. Hackers target victim either by sending a malicious link in an email that will, in…