Bitcoin for Coffee | Will Starbucks Make Paying with BTC Easier?

Bitcoin for coffee. It has a nice ring to it. But actually using Bitcoin (BTC) to buy coffee? Turns into a big mess real fast. However, that might be about to change. Starbucks just hinted that it might soon have a way to make using BTC to pay for coffee a whole lot easier for its loyalists. Bitcoin for Coffee Currently, it’s possible to buy Starbucks coffee with Bitcoin, but it isn’t an easy process. The global coffee giant in the past teamed up with Square, which accepts Bitcoin. However, it isn’t as easy as whipping out your iPhone and paying with the Starbucks app or even your debit card. But will that be changing soon? According to Bloomberg, the beverage retailer has just teamed up with the world’s biggest exchange operator, Intercontinental Exchange Inc (ICE) to create Bakkt. Reports surfaced back in May of ICE working on a Bitcoin trading platform. This morning, ICE officially announced the creation of Bakkt. CEO of Bakkt, Kelly Loeffler, commented on her company in the press release and said: “Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security, and …

Read More »

A Career In Finance and Crypto | CryptScout.com

The finance industry presents unique opportunities for those who seek a career in finance. A career in finance will challenge you and ensure you are constantly stimulated by requiring you to refine your strengths, bolster your work ethic, and increase you adaptability. Throughout your financial career path you will grow professionally as a person and reap the immediate financial benefits available. 1. HIGH EARNING POTENTIAL The financial services industry tends to be a lot more lucrative than most other career fields due to high-paying entry-level positions. In addition, depending on how much work you put in, you can be assured of quickly making strides early on in your career to improve your position and consequently your income. 2. A BALANCED LIFESTYLE Depending on how you structure your daily activities, the financial sector will allow you to have a fairly balanced lifestyle between your personal life and your work schedule. If you intend to become an independent financial adviser, you will be more in control of your schedule and how much time you choose to spend at work. 3. LOTS OF CAREER OPPORTUNITIES As the financial landscape expands there are constantly new roles developing that create interesting opportunities to find the …

Read More »

Crypto Daily News | Coinbase Adds British Pound and BitFi Wallet Hacked

In today’s edition of Crypto Daily News, we’ll cover Coinbase adding the British Pound to its trading pairs and John McAfee’s “unhackable” Bitcoin wallet that gets, well, hacked. Crypto Daily News: August 2nd, 2018 Coinbase Supports the Pound Starting today, Coinbase customers in the UK will be able to seamlessly move GBP in and out of their accounts using the Faster Payments service. In most cases, this will mean almost instant access to funds. 🇬🇧https://t.co/67DMjc6y89 — Coinbase (@coinbase) August 1, 2018 Coinbase, the most popular cryptocurrency exchange in the US just announced that it will support the GBP (the British pound) on its platform. This is big news for the company, as it faced serious complications last year when it couldn’t keep up with the growth of the cryptocurrency market during its peak. This is the biggest news the company has leaked since it announced it will be adding new coins to its platform soon. Coinbase GBP support is now live for many customers and we will continue rolling out availability to all UK customers in the coming weeks. 🎉 — Coinbase (@coinbase) August 1, 2018 Now, crypto investors in the UK can use Coinbase’s easy-to-use platform to buy, sell, …

Read More »

Bitcoin Transaction Fees | Who Decides the Transaction Fee?

To understand Bitcoin transaction fees, it helps to first understand the method of processing transactions. How does it all work!? Well, it starts with the blockchain and the blocks which store the transaction information (thus making them legitimate). Each block in the Bitcoin network has an artificial size limit of 1 MB and this averages 2020 transactions to fill one block. Also, a new block is mined every 10 minutes – which is 600 seconds. So to calculate an average transaction time the math is straightforward: Number of Transactions Per Block / Block Time in Seconds 2020 Transactions / 600 Seconds = 3.37 Transactions Per Second So that means in every ten minutes 2020 transactions can be processed by the network at an average time of 3.37 seconds per transaction. In its formative years, before Bitcoin became so popular, this system allowed for definitely cheaper and faster trading. At most, wait time for a transaction could be the time it takes for the next block to become available – but more often than not your transaction was able to be added to the block in unit time. However, all that changed as Bitcoins popularity soared. With BTC reaching a good …

Read More »

DCEX Uses Ripple Tech | The Exchange Based on Ripple (XRP)

DCEX uses Ripple tech, entering the crypto market as a brand new decentralized cryptocurrency marketplace with Ripple (XRP) at its core. According to a press release published yesterday, the San Francisco-based platform just opened registration for institutional and retail investors. DCEX Uses Ripple Tech The new platform was developed by the blockchain firm AlphaPoint and in its beginning stages will offer only 15 different cryptocurrency to cryptocurrency trading pairs, all against XRP—the base trading crypto on DCEX. The 15 cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), EOS, IOTA (MIOTA), and ZCash (ZEC). In addition to the 15 already supported on DCEX, the company plans to add Cardano (ADA) and NEO in the near future as well. Some more exciting news is that DCEX will make all of these assets included in the Bloomberg Glaxay Crypto Index. This index tracks the most ‘liquid’ cryptocurrencies and presents itself as an institutional benchmark for the cryptocurrency market. Since DCEX was built on Ripple technology, it only makes sense that XRP would be its base currency. According to the press release, DCEX believes that using XRP as its base allows for high-speed transfers that will help users on the platform take …

Read More »

Bitcoin News Summary – July 9, 2018

Here’s what happened this week in Bitcoin in 99 seconds.   Crypto’s combined market cap rose over 15% from $233 billion late last week to its current level of $270 billion. Trading volumes on Binance and Houbi exchanges were up by over 100% over the last 10 days, with the volume on South Korean exchange Bithumb increasing by 230%. South Korea intends to legalize crypto and related companies. This will establish a firm legal basis for crypto in the country. Further details are expected later in the month. Binance deposits and withdrawals were suspended for several hours this week, with the exchange citing system maintenance as the reason. A glitch was reported whereby a user was charged $625,000 for the purchase of a single Syscoin, valued at around 26 cents. It was also reported that Binance has generated $300 million in total from its 10 million customers for the year-to-date. The exchange stated it expects to reach as much as $1 billion on turnover for the year. Coinbase officially launched its new Coinbase Custody service. This service caters to hedge funds and financial institutions, making it easy for them to hold crypto in high-security, cold storage accounts. Finally, Investments by …

Read More »

The Daily: Russians Used Bitcoin to Hack US Elections, Trader Bets on the Price of BTC

The Daily Russian intelligence officers accused of meddling in the 2016 presidential elections in the US have used bitcoin to finance their campaign, cover the tracks and obscure their identities, a new federal indictment suggests. You can check the details in today’s edition of Bitcoin in Brief. Also in the daily, billionaire Steven Cohen invests in crypto hedge fund, mysterious expert bets that 1 BTC will cost more than the Berkshire Hathaway’s share in five years, and a leading horse-betting platform now accepts BTC and BCH. Also read: Crypto-Inheritance Service, Taiwanese Stablecoin, Bitcoin Gift Cards Russian Agents Used Bitcoin, Mined Cryptocurrency Rod Rosenstein This Friday, a federal indictment announced by Deputy Attorney General Rod Rosenstein turned another page in the story of the alleged Russian meddling in the last US presidential election, and it features cryptocurrency. According to the document, which was released just before a major summit between Trump and Putin in Helsinki next week, Russian agents used cryptos like bitcoin in their campaign to influence the outcome of the 2016 vote. Authorities in Washington claim that hackers working for the Russian foreign military intelligence paid in crypto for servers in the US and Malaysia, website domains, and virtual …

Read More »

The Crypto Show: Cody Wilson Discusses Bitcoins Roll In Getting 3D Printed Guns Off The Ground & His Recent Defeat Of The Us Government, Gun Control Is Dead!

We kick off todays show having a little fun talking about stupid shit the government does. Then a little bit of Bitcoin 101 before Cody Wilson joins in to talk about the role Bitcoin played in getting his project off of the ground as well as his very recent victory over the State Dept. in regards to his project from 6 yrs ago DefCad.org that released the first 3D printed gun files, on to the internet. Cody says this victory in essence has put an end to gun control forever. Not only will he bring DefCad back, he’s planning on expanding that file library exponentially.   Sponsored by: Dash, CryptoCompare and Defense Distributed Links LogosRadioNetwork https://www.amazon.com/dp/1119365597/ref=cm_sw_r_sms_c_api_IQPczbQHWJKP8 TheCryptoShow FreeRoss Social Media The Crypto Show on Facebook @TheCryptoShow @The_Crypto_Show @the_crypto_show instagram The Crypto Show YouTube Tip with Crypto BTC: 139R6K7fxTYaFf2aXTid84Le1ayqMVvSCq Dash: XoeHNrTMKcLWxZpKfUnDMpRbHFNgFmRrLF LTC: LUTJtk4QqXLiDkK8pDKK3jM73VVwbp7oSr BCH: qrf5qmpya8zetcefupdcaew9ch87egl6us7xvrfzh4 ETH: 0x10cfd6916832566e82b3ab38cc6741dfd7e6164fo Views: 669 Source

Read More »

Joseph Stiglitz on Bitcoin | Bitcoin “Exists Because of the Abuses”

Joseph Stiglitz: Not everyone is a fan of Bitcoin. Despite proclamations from supporters about its revolutionary technology and the “freedom” it offers its users, many are still not convinced. If you’re Bitcoin, it must not bode well for you to have a major critic in the form of Nobel-winning economist and Columbia Professor Joseph Stiglitz. Today, Stiglitz spoke with Financial News of his concern about the adoption of the unregulated financial asset which he believes elicits illegal behaviors as it has no central authority and its users can be totally anonymous. He has spoken to Bloomberg on several occasions before about his distaste for Bitcoin. Joseph Stiglitz Has Concerns about Bitcoin The economist’s concerns center around the potential for criminal enterprises to take complete advantage of the network: “You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system…If you open up a hole like Bitcoin, then all the nefarious activity will go through that hole, and no government can allow that.” Despite his concerns, he believes that once the market is truly big enough, regulators will enforce rules which would render the coin useless. Currently, the cryptocurrency market is still considered …

Read More »

Facebook Finally Focuses on Blockchain Technology | CryptScout.com

The social media juggernaut, Facebook, is finally diving deep into the world of Blockchain technology. Although there have been recent reports of the company exploring this technology, it wasn’t widely publicized. David Marcus previously led Blockchain at Facebook but, the company has just shuffled several executive positions indicating that they’re going big on this new technology.According to recent reports, Evan Cheng, a director of Engineering at Facebook has changed his LinkedIn profile’s position to Director of Engineering, Blockchain. This has also been confirmed by Facebook. Evan Cheng is a highly experienced “low-level” programmer and he led the Programming Languages and Runtimes Department for 3 years. Evan Cheng had previously worked at Apple as a Senior Manager, Low Level Tools, during which he worked on compilation technology and back-end engineering. Interestingly, he also tweets regularly about Blockchain technology and is an advisor to many blockchain startup companies including ChainLink and Zilliqa. Instagram’s former Vice President of Product, Kevin Weil also has a new role as VP of Product, Blockchain at Facebook. There seems to be an uptick in the number of companies embracing Blockchain technology, and it’s not too long before we experience this technology on a daily basis! By Tim …

Read More »