Can PACs Popularize Cryptocurrency Donations in US Politics?

Earlier this week, BitPAC — conceivably the only active crypto-centric political action committee (PAC) — announced its plans to hold an initial coin offering (ICO). The committee will reportedly issue a utility token called Politicoin, which will then be used to support its candidates running for public office. So, can PACs become a gateway for cryptocurrency-based contributions in United States politics while select states and high-profile nominees like Hillary Clinton explicitly refuse to accept digital assets during political campaigns?  PACs, Super PACs and Super Super PACs: What are they? In…

What’s Bitcoin REALLY Worth? Much Less Than You Think – CCN Markets

New data reveals Bitcoin’s true value is way less than you probably think – but that’s not necessarily a bad thing for BTC. | Source: Shutterstock Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of Bitcoin’s worth? Not much. In fact, new data from CoinMetrics suggests the true Bitcoin price amounts to far less than we’re led to believe. Bitcoin: ‘Market Cap’ Diverges Wildly From ‘Realized Cap’ The market cap of Bitcoin is calculated…

Price Analysis 31/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, ADA

Bitcoin is at a strong support level. If it fails to bounce quickly, it is likely to turn negative. Let’s analyze the charts. This week, major cryptocurrency exchange Binance stated that it plans to take a conservative approach and that Venus project will comply with all the regulatory requirements. This will keep it away from the hurdles that Facebook’s Libra project currently faces.  The total market capitalization of cryptocurrencies has dipped below $250 billion. Since mid-July, crypto markets have rebounded from close to this level on many occasions. Mike Novogratz…

Why Does Amazon Want to Hire Blockchain Experts for Its Ads Division?

Earlier this month, Amazon announced plans to hire blockchain experts for its advertising division. But how can the use of blockchain technology possibly resolve the pain points in the advertising industry? For the crypto industry, which is worth more than $240 billion, you’d think standard business tools like a shared database would be de rigueur in the digital advertising industry — but you’d be wrong. In reality, the industry uses very outdated, manual, time-consuming processes when it comes to selling, payment, verification and other critical functions.  New tools for digital…

Report: 56% of Top 50 Universities Offer Blockchain or Crypto Courses

The popular cryptocurrency exchange Coinbase has recently published its 2nd Annual Report on Higher Education. Coinbase partnered with Qriously, a research and survey platform, to interact with students directly regarding their thoughts on blockchain and cryptocurrency, and how students’ interest has changed in a year. In this report, Coinbase highlights several facts on how the top universities in the world are offering at least one blockchain and cryptocurrency-related course across a range of disciplines. According to the Coinbase report, leading universities and colleges around the world are increasingly offering blockchain…

Telegram to Launch TON Blockchain Public Testing on Sept. 1

Telegram Open Network’s (TON) blockchain public testing will launch on Sept. 1, according to one of the investors. On Aug. 28, Russian news outlet Vedomosti quoted an anonymous TON investor claiming to have learned this information from the development team, and the head of one of the companies that participated in the testing so far. According to the outlet’s sources, TON’s node software and all relevant documentation would be released to the public on Sept. 1. This first version of the blockchain is already expected to feature sharding and various…

Bitcoin Mining Topped $14 Billion, Experts Say It’s Very Concentrated

Photo: Shutterstock However, it shows that most of the profitability has been gathering around the last three years, where Bitcoin had reached both its most profitable and its most unprofitable price point. Although the largest fall was to somewhere around $3000 it needs to be considered that hash rate and mining complexity were up and couldn’t catch up with the price. This means that nearly every miner, depending on which country they were operating in, were doing so at a loss. New reports from Yahoo Finance are now showing that…

Current Challenges and Potential Solutions

Blockchains and the related field of decentralized technologies represent a massive opportunity for humanity — not to mention the fact they appeared with almost perfect timing. Our largest institutions have become so powerful that they can take advantage of normal people without repercussions. Look no further than Facebook spying on its users and the surveillance state run by the Communist Party of China.  Fortunately, blockchain technology, cryptography and other distributed systems act as a counterbalance to this extreme consolidation of power. They are defensive technologies that empower the many against…

Continental Unveils Demo Earning App for Blockchain-Based Car Platform

Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information. Parking space data for digital currency Forbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn As You Drive. This application reportedly lets drivers opt in to earn digital currency for sharing information about street parking availability through vehicle sensors. The data is shared with a manufacturer, who in turn sends…

1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices. Crypto payments via QR codes Cointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes for payment, and the customer can then use a smartphone in order to scan a code and make a payment. The customer also reportedly needs to hold either an account with Uzzo or…