BiTCONLiNE

Bitcoin Cash (BCH), the only true blockchain coin, is set to make its debut at the Scottish Championship, courtesy of Ayr United. Ayr United secured its return to the Scottish Championship on Saturday, after beating Albion Rovers 2-0 to clinch a dramatic Scottish League One title glory. Their win against Albion Rovers helped them overtake the league’s frontrunner Raith Rovers, who was leading by a point before the weekend Somerset Park football showdown. Raith, for its part, bungled their last assignment after they were reduced to a 0-0 draw against Alloa Athletic. Keeping ‘abreast’ with changing currency market Ayr United recently ended its seven-year association with online bookmaker Bodog, with CoinGeek.com taking over the shirt branding of the football club. Starting next season, Ayr United players will don the shirt bearing the name Bitcoin Cash, the true remaining Bitcoin as envisioned by the Satoshi Nakamoto white paper. This is considered to be a historic event asit’s t...

UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “ Hope Page ,” which allows users to donate through cryptocurrency. UNICEF’s Director of Fundraising and Communications Jennifer Tierney explained , “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds to support children caught up in them. The Hope Page allows Australians to provide help and hope to vulnerable children by simply opening the page when they are online.” Coinhive’s partnership with UNICEF could help to foster a more positive image for the software. Up until this point, Coinhive has widely been associated with a process known as “cryptojacking,” in which the comp...

For Emma Todd, it was a 2017 conference that transformed her newfound interest in cryptocurrencies and blockchain into a passion. As she learned more, she had an epiphany: more people needed to better understand the esoteric world of cryptomining. Not one to be a flaneur, she is now harnessing this opportunity. On May 18, 2018, Todd will launch the inaugural ADI Cryptocurrency Mining Summit (ADI stands for Advanced Digital Innovation) as a part of Blockchain Week NYC. This comes on the heels of the first ADI Summit which was held in September 2017 in Vancouver, B.C. The mission of the ADI Cryptocurrency Mining Conference is to introduce new ideas, technologies and techniques around cryptocurrency mining. In addition to an investor panel, there will be discussion forums around security, compliance and legal issues; all critical elements for any successful mining operation. Finally, a hands-on workshop will explain the differences between industrial mining operations and hobby-minin...

When bitcoin was the only show in town, things were a lot less complicated for blockchain developers. You either used some variation of colored coins to support your decentralized application or you did not. Since then, a forest of blockchains has sprouted, each of them unique. Some are permissioned; some are public. Some use proof of work, while others rely on proof of stake. Some have substantial industry support, while some are rarefied and niche. How should decentralized application vendors choose one? When faced with an overwhelming choice, perhaps the best approach is not to choose at all. Armin Ebrahimi, CEO and co-founder of blockchain identity management company ShoCard, is keeping an open mind. His team decided to adopt a multi-blockchain approach early on in product development, giving deployment teams the flexibility to choose their own. He said this blockchain agnosticism is essential in a fast-moving industry. “I believe for the foreseeable future we will see blockch...

The government of Venezuela has shut down three cryptocurrency exchanges as part of its “Operation Paper Hands,” local media reported. Last week, the government’s Operation Paper Hands started its clampdown on the so-called illegal activities of cryptocurrency exchanges and financial institutions, resulting in the closure of three exchanges—Intersach, Rapidcambio, and AirTM. In a statement, Venezuelan Prosecutor General Tarek William Saab said last week’s crackdown has been the government’s biggest undertaking in its fight against illegal cryptocurrency-related activities. According to reports , the exercise led to the arrest of 112 people, 107 of whom were brought to court. During the operation, 1,382 bank accounts containing more than 711,967 bolivars ($10.6 million) were frozen. Saab warned more action would be taken against any person wishing to engage in illegal activities. At the moment, the prosecutor general said requests were already lodged to block 247 more bank accounts, ...

Some are just annoying, but some can inflict real damage. Recently, an application on Google Play has been crossing quite a few users. The software, called “ Bitcoin Cash TESTNET ,” has nothing to do with Bitcoin Cash. It was also previously named “ Bitcoin + Lightning Wallet ,” and its recent name change is likely nothing but a deliberate attempt to troll users. While this may be annoying, there are actually far worse applications currently lurking around in the space. Last year, users lost over $3.2 million to a bitcoin gold (BTG) wallet scam after inputting their private keys into the fake wallet, expecting to receive their BTG shortly after the October 25 fork. Several other scams did the same thing and it has been known that such cons are rampant particularly around the time of blockchain forks. Phishing scam has also proven damaging, with fraudsters simply switching certain letters with another character that looks similar to resemble legitimate websites as closely as possibl...

In a funny twist, the mechanism commonly used as a mining malware is now being used for a good cause: UNICEF now allows you to donate some of your computing power instead of cash. Since last year, several organizations—including government websites—have been plagued by a series of pestilent attacks based on several hacking tools leaked from the NSA. One of these tools gave birth to the CoinHive , a malware that had gained notoriety after discreetly being slipped into users’ computers through some usability plug-ins and secretly mined Monero for the hackers. Now, Unicef is using a similar mechanism in order to generate funds without requiring donors to shell out their own cash. According to ZDNet , UNICEF’s donation platform is powered by the same Monero mining program. But unlike the Monero miner, the website—named theHopePage.org , clearly asks users for confirmation before using anybody’s system to mine for UNICEF Australia. Users can also adjust how much computing power they are w...

As the cryptocurrency world continues to expand at a rapid pace, it is now the turn of Indian cryptocurrency exchange Koinex to introduce cryptocurrency trading pairs. Last week, Koinex announced that it would be introducing no less than 23 crypto-to-crypto trading pairs with no fees—an added incentive for new cryptocurrency investors who are hoping to enter the market in a big way. Koinex was not the only exchange to introduce these pairs. Last week, another leading Indian cryptocurrency, Zebpay, also announced that it would be launching crypto-to-crypto trading pairs, but they only decided to launch one pair. In its announcement, Koinex was quite bullish, boasting that it was the first exchange in India to launch such a large number of trading pairs. “We are going live with not just one or two crypto-crypto pairs; we are launching a total of 15 token pairs, all at the same time. This is the largest crypto-crypto pair offering by any Indian exchange and to add to this, the trading ...

The cryptocurrency and blockchain space appears to be getting crowded of late with several multinational companies and other large entities looking to pounce on what is proving to be a considerable investment opportunity, even amid the negative press that the market has had over the last few months. The latest news in the acquisitions and sales market comes from Hong Kong. Diginex, a multinational crypto-asset investment services firm, announced that it has sold 51% of the company’s stake in the cryptocurrency and mining field to another Hong Kong-based firm, Madison Group Holdings. Diginex is heavily invested in blockchain or distributed ledger technology (DLT), and it is slightly curious that they should sell their stake to a company who is better known for the retail of alcoholic beverages. The price for a 51% stake in the company was around $60 million. Undoubtedly Madison Group see a considerable potential in the cryptocurrency mining business , which has taken the world by stor...

The cryptocurrency market had a rather muted performance over the weekend, with most of the major coins staying at their price levels achieved over last week although there were some notable exceptions. BTC has been stuck between the $9,100 and $9,400 levels with very little movement in this tight trading range. However, it appears that the coin is poised for some upward movement in the next few days as new money comes into the market. Bitcoin Cash held on to its levels very well enough and was trading at around $1,400 at press time and was looking to soar to the $1,500 level again with some upward momentum. The currency has performed very well, holding on to its gains over the past week. Another currency that appeared to be consolidating is Ethereum , which reached the $680 mark on Monday morning and was looking to achieve the $700 barrier yet again with the possibility of posting strong gains thereafter. Ethereum Classic was also performing well at press time and was looking to bre...

CoinGeek welcomes this opportunity to subject the merits of both BTC and Bitcoin Cash BCH to scrutiny in court. Recently, a group of BTC devotees launched a website in hopes of gathering a crowd as well as some funds to aid their effort in filing a lawsuit against the website,  Bitcoin.com . The group, started by real estate entrepreneur Ragnar Lifthrasir, alleges that Bitcoin.com’s user interface confuses buyers by using the same logo colour for both BTC and Bitcoin Cash (BCH). They add that referring to BTC as Bitcoin Core was enough to mislead BTC buyers into mistakenly purchasing BCH. The group is now soliciting donations for their cause through their website  bitcoincomlawsuit.info . Whether this complaint or its proponents have any viable claims is yet to be seen. CoinGeek welcomes this as an opportunity to challenge the cultist dogma and subject to scrutiny the merits of BCH against that of BTC in court. Below is CoinGeek’s official statement about the matter. A sta...

The financial sector is seeing growing interest in cryptocurrency that has resulted in more and faster adoption according to the latest survey by Thomas Reuters. That news will certainly bolster the objectives in the Middle East where Dubai aims to be the first blockchain powered city. It is also reflective of the hype surrounding EOS as more than 50 companies are competing for 21 supernodes. But before there was all of these cryptocurrency projects, there were the cypherpunks. In a special feature, we look at the accomplishments of Dr. David Chaum and what has resulted from his early papers on encrypted communication. Featured stories by Colin Harper, Giulio Prisco, Jessie Willms, Aaron van Wirdum and Bitcoin Schmitcoin. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here . EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes EOS is scheduled to migrate from the Ethereum network to its own on June 2, 20...

Transportation mobility options are not only critical for many people’s lives, but they are also a key element of a thriving economy. As our world becomes more urbanized though, many are choosing not to purchase a car of their own due to the ever-growing and increasing cost of ownership. There is already a growing body of evidence that suggests car ownership may no longer be a good deal. When people become unhinged from their cars, they no longer have to worry about issues such as parking, insurance, maintenance and fuel costs. It’s evident that the sharing economy, a rapidly growing social phenomenon that has sprung out of the digital economy, is upending the trajectory of many industries and, in general, challenging the status quo. Using this model, owners share resources they're not using, such as a car, a bicycle, or other mobility option for marginal profit. A new startup company, Helbiz, envisions a world of decentralized transportation by way of an on-demand, peer-to-...

The U.S. Securities and Exchange Commission (SEC) has been  relatively stringent in its views of both security and utility tokens. The organization is seeking to label all virtual tokens originally distributed through initial coin offerings (ICOs) as securities, which would subject them to very strict regulatory practices and potentially have massive repercussions on their prices. One of those tokens is ether, which was originally distributed and marketed through presales. Members of the Venture Capital Working Group — an organization comprised of lawyers, investors and cryptocurrency experts working to block the SEC’s decision — argue that ether has become so decentralized, it can no longer be looked at as a security, and should thus be exempt from securities-related laws. Ether is the world’s second-largest cryptocurrency by market cap after bitcoin. April 26, 2018, marked an important step in the fight for “token rights.” A congressional hearing with testimony from the SEC’...

Over the last few weeks, bitcoin has had its fair share of ups and downs. The volatility has chopped up many of the public bulls and bears alike as the market has struggled to find a consistent direction for more than a couple of weeks at a time. The market is currently in an interesting space as many macro trends have been broken. One major trend that was broken last week was the macro demand line shown below: Figure 1: BTC-USD, 12-HR Candles, Macro Supply Line Broken The break of the supply represents a macro change of character for the market and is undoubtedly a bullish signal. After bottoming around $6,500, bitcoin had a very strong, sustained rally for a 40% market value increase over a relatively small amount of time. Currently, the market is experiencing some turbulence as we test well known resistance points where lots of overhanging is present. Our current price level is the beginning of the hypodermic trend we saw late last year as we broke free of the parabolic envelop...

As institutional capital in the crypto space increases regularly, the need for blockchain technology and related enterprise support is at an all-time high, and several companies are working hard to provide both as the arena expands. One of those companies is Coefficient Ventures , a crypto fund set on financing blockchain systems worldwide. Thus far, the company has made over 25 investments in companies and applications like Filecoin for decentralized storage; Raiden for scalability; and Zeppelin to improve smart contract capabilities. Speaking with Bitcoin Magazine , founding partner Chance Du described how she sees a central role for blockchain investment across all sectors of the global economy. The global financial industry features significant flaws in its current design. Two billion of the world’s people have virtually no access to financial services, while an additional four billion have very limited access. Du says she began investing in blockchain technology in 2017 becau...

Created to solve real world needs, blockchain’s goal has been to bring equality and inclusion—and then consumerism came into the picture. In his speech at the recently held TOKEN2049 event in Hong Kong, Dr. Craig Wright described HODLing as the new form of hoarding. According to the nChain chief scientist, a huge number of blockchain and cryptocurrency startups have been taking advantage of the hype and value spikes caused by HODLers. “HODLing is probably the most despicable, evil thing to do with Bitcoin. It is not saving, it is hoarding. Bitcoin is a payment system. It is cash. It is to be used to help people spend money,” he said. “People can actually spend and use, not hoard so that in ten years, they can go, ‘look! I’ve got more of something than I can hold.’” Contrary to what ICOs would have you believe, Wright said tokenization was supposed to be a medium through which the world can create an “on-demand economy,” essentially an Uber for everything you that need—even luxury ...

Contrary to what BTC trolls would have you believe, Bitcoin Cash (BCH) is thriving and continues to rise to even greater heights. In the more than eight months since Bitcoin BCH was created, the community has seen increasing development activity that coincided with the rapid development in the technical infrastructure underpinning BCH—the true remaining Bitcoin as envisioned by the Satoshi Nakamoto whitepaper. In the last 24 hours, Bitcoin Cash experienced 5.63% increase with the coin trading at $1,380 level, and looking to test the $1,400 soon. Analysts expect the price to continue rising and hitting the $2,000 mark in May. Is Bitcoin Cash dying? Yours.org user Sere recently debunked BTC camp’s belief that Bitcoin Cash is dying using an infographic that compared the changes in the BTC and BCH networks over the past six months. The infographic showed what the BCH community has always known (and the BTC supporters have feared)—that Bitcoin BCH has triumphed in “a couple of critical ...

A column exploring blockchain-related possibilities in the far future. Here, we look at blockchain technology in conjunction with other developing technologies. Disclaimer: this post may be closer to science fiction than fact. It didn’t take long before technologists decided to combine artificial intelligence (AI) with blockchain technology. I’ve come across projects that use artificial intelligence to recognize patterns and combining these functions with smart contracts—bringing the power of both technologies to unprecedented scales. The assemblage, called decentralized intelligence , is capable of automating consensus mechanisms as well as managerial decisions for blockchain-based organizations. By analyzing collected data, AI can make business decisions for decentralized applications and subsequently enforce them. The implications of combining the two technologies are quite vast. And because these are both new and continuously developing territories, it’s hard to see their ...

London-based alternative banking app Revolut’s plans to move forward in the cryptocurrency got a major boost, after the European company announced that it has secured a major injection of capital. With the new funding, Revolut said it plans to expand into other markets and introduce trading in Bitcoin Cash (BCH) and Ripple (XRP) on its cryptocurrency platform. In a blog post , Revolut said it has raised a Series C investment round of $250 million, putting the company’s total valuation at $1.7 billion. This, according to the company, makes Revolut “one of the fastest companies in Europe to reach unicorn status.” Revolut’s latest funding round was led by the Hong Kong-based DST Global, with Index Ventures and Ribbit Capital also taking part. This is incredible growth for the startup, which only launched in July 2015, offering services such as pre-paid debit cards (VISA or Mastercard), a fiat currency exchange, peer to peer payments, personal loans, remittances, travel insurance as well...

Bitcoins worth $140 million were moved from Mr. Gox wallet   Thursday Morning, it was reported that 16,000 bitcoins worth $140 million were moved from the infamous Mr. Gox crypto exchange, Tokyo, Japan. The exchange has been declared defunct after this incident. It is claimed that the incident has been taken place intentionally by the estate’s trustee who was liquidating coins. The transaction cost is predicted by CryptoGround. It is the service that monitors Bitcoins and transnational wallets related activities of Mr. Gox. It was found that coins came from different sources and after getting consolidated in one wallet were transacted to single address as per the Blockchain transaction tracking. the transaction happened till the source wallet became zero as a number of bitcoins. It is to note that the bitcoins that were moved from the same address approximately have worth $ 21 million today in the market. Somehow the incident raises the questions whether...