Month: August 2019

Do You Support ‘Privacy Coins’? If so, Which One?

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Do You Support ‘Privacy Coins’? If so, Which One? August 25, 2019 by Jon Southurst How useful, or even feasible, are cryptocurrency’s “privacy coins”? Do they provide true financial privacy as promised and, if they do, is that actually a good idea? We caught up with entrepreneur and crypto investor Ryan Shaw again to talk about it, and discuss why people would want to have them. Also read: Patrick Byrne Severs Ties with Overstock Over Russia Controversy Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Pros…

Do You Support ‘Privacy Coins’? If so, Which One?

boss

Do You Support ‘Privacy Coins’? If so, Which One? August 25, 2019 by Jon Southurst How useful, or even feasible, are cryptocurrency’s “privacy coins”? Do they provide true financial privacy as promised and, if they do, is that actually a good idea? We caught up with entrepreneur and crypto investor Ryan Shaw again to talk about it, and discuss why people would want to have them. Also read: Patrick Byrne Severs Ties with Overstock Over Russia Controversy Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Pros…

Crypto Industry Direly Needs Specialized Education, Says Ripple Exec

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Cryptocurrency firm Ripple’s head of social impact Ken Weber is confident that universities around the world must expand their education programs to offer blockchain and digital assets training courses that directly relate to actual roles in the industry. Blockchain workforce demand exceeds the supply Weber addressed the lack of qualified blockchain workforce and relevant education resources in an interview with OpenAccessGovernment published on Aug. 20. He also cited a report which suggests that “there’s been a 517% increase in demand for software engineers with blockchain development skills in the past…

Female Hacker Fesses Up to 100,000 XRP Fraud Down Under

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Another day, another cryptocurrency theft. | Source: Shutterstock By CCN Markets: 7News Sydney reports that Katherine Nguyen is the first-ever Australian resident to plead guilty for cryptocurrency fraud after stealing 100,000 XRP. In 2018, twenty-four-year-old Nguyen hijacked the email account of an elderly man of the same surname for two days before handing back access. The first person charged over cryptocurrency fraud has pleaded guilty, swindling almost half a million dollars worth of the currency known as Ripple. Katherine Nguyen made no apology to her victim, aware she could be…

Bitmain Increases Crypto Mining Capacity by 50% with 600K New Mining Chips

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According to reports in the Chinese news media, a person close to the crypto mining giant Bitmain has divulged that the semiconductor manufacturing company has recently placed new hardware orders in the overall sum of 600,000 cryptocurrency mining machines. With these additional crypto mining chips, Bitmain is anticipated to increase its capacity by 50% in the next six months. Bitmain is a Chinese hardware company that designs application-specific integrated circuit chips for Bitcoin mining. The firm is the world’s largest dedicated independent semiconductor foundry which ranks as one of the…

Bitcoin Price Breaks $10,100 as Top Altcoins See Green

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Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark. Market visualization courtesy of Coin360 Bitcoin price is up by 1.67% on the day, trading at around $10,135 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.78%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position of the largest altcoin by market capitalization, which currently stands at $20.5 billion. The second-largest altcoin, Ripple’s…

Bitcoin Price Breaks $10,100 as Top Altcoins See Gree

boss

Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark. Market visualization courtesy of Coin360 Bitcoin price is up by 1.67% on the day, trading at around $10,135 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.78%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position of the largest altcoin by market capitalization, which currently stands at $20.5 billion. The second-largest altcoin, Ripple’s…

5 Reasons to Start a Crypto Trading Business in Hong Kong

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The majority of businesses require a significant amount of money as starting capital. Moreover, one must also have a full-fledged business plan to succeed in the business field. However, these factors differ while dealing with the trading business. Today, Hong Kong and startup business go hand in hand. Hong Kong has been a launchpad for a number of well-known businesses around the world. However, with time and advancement of technology, business opportunities in Hong Kong have also taken a new shape. Unlike older times where trading meant bonds and stocks,…

US State Secretary Pompeo: Same Regulatory Framework to Crypto as SWIFT Is Required

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U.S. Secretary of State Michael Pompeo expressed his belief that cryptocurrencies and other crypto assets should be regulated in the same way that SWIFT and other financial institutions are. He made these comments in an interview with CNBC’s Squawk Box on Tuesday (transcript). Regulation of crypto assets has been a hot topic in the crypto community for a while now. Crypto-focused institutions have been clashing with financial regulation institutions all over the world. Pompeo’s comments might be an indication of what the crypto community can expect in the future in…

Crypto Custodian BitGo Announces EOS Support

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Cryptocurrency trust and security company BitGo has announced the launch of a multisignature wallet and custody service for EOS. According to the news release published on Aug. 22, BitGo officially added EOS to the list of its supported assets. The firm’s chief technology officer Ben Chan said: “The EOSIO software has some innovative differentiators like its high transaction capacity and fee model that required our engineering team to scale our platform. We were able to successfully create an experience for EOS users that is seamless and consistent with how we…