Crypto Daily News | Vitalik Buterin on Centralized Exchanges; HBUS Open

In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused on the blockchain. Most of the session was about Buterin’s hate for centralized cryptocurrency exchanges. “I definitely hope centralized exchanges go burn in hell as much as possible,” Buterin told Evans heatedly. His ideal situation would be to have crypto-to-crypto exchanges, but those are a long way from making their way to the market. There would be no ‘login’ or ‘sign up,’ and the money would be sent to a wallet or an output address. The exchange would only act as an input/output tunnel. Buterin’s biggest frustration with centralized exchanges has to do with the fees associated with them. Some exchanges charge $10 – $15 million to let people trade their tokens on the exchange. Ultimately, the Ethereum co-founder feels it would be difficult to live in a world where everything is either centralized or decentralized because everyone has different needs. Crypto Daily News: The Philippines …

Read More »

Buy Stuff with Bitcoin | Which Online Stores Accept CryptoCurrency?

At the time Bitcoin was launched, there were many skeptics who saw BTC merely as a passing trend that would eventually disappear as fast as it appeared. But this has not happened. Now, nearly a decade later, Bitcoin is still very much with us today and has had a profound impact on the online trade industry. Who would have thought something that only exists in virtual reality would one-day out-trump gold in its value? However, it has not been without its problems – the words Mt. Gox come to mind. But with each disaster comes new and improved mechanisms to protect Bitcoin users. Now, nearly a decade on from its inception, Bitcoin is being taken seriously as a mainstream means of transaction. That is good news for all those traders who have been holding on to their supply of Bitcoin until the right moment. Because the value of Bitcoin is sky high compared to fiat currencies, you could make a number of handsome purchases with it before even thinking about mining for more. While Bitcoin has come a long way since its initial launch back in ’09, it still has a long way to go before reaching the same level …

Read More »

Crypto World Cup Day 21

It’s Crypto World Cup Day 21. Justin Sun takes on Willy Woo and Charlie faces off against CryptoYoda. Who will move on and who will be knocked out? Today’s the final day of the quarterfinals and the last chance to take your guesses at the final two teams who will be moving into the semifinal round. How did the games go today? Let’s take a look! Check out the results and highlights of today’s games Match 1: Willy Woo 0-2 Justin Sun On paper, this seemed like it would be a simple match. No way, the hardcore fans all said, no way would Willy Woo beat Justin Sun. And they were right. Justin Sun got two goals, while Woo was left with zip, zilch, nada, thus knocking him out of the competition and catapulting Sun into his much desired semi-final place. Troniacs are still screaming, and the parties will, no doubt, be going all through the night. Match 2: CryptoYoda 2 (3)-2 (4) Charlie Lee Perhaps the more nail-biting match of the day was CryptoYoda facing off against Charlie Lee. We’ve been waiting a long time for this game, and boy, it did not disappoint! CryptoYoda scored the first goal …

Read More »

Bitcoin News Summary – July 2, 2018

Here’s what happened this week in Bitcoin in 99 seconds.   Facebook will rescind its ban on crypto ads across its social media platform. The ban was instituted in January. The move stoked rumors that Facebook is intending to launch its own crypto or even acquire US exchange giant, Coinbase. For now, all that’s clear is that crypto ads will be reaching more eyeballs. Silicon Valley investment firm Andreessen Horowitz introduced a new $300 million Dollar crypto venture fund, known as a16z crypto.  The fund will invest globally into crypto projects with proven applications, regardless of the current bearish market conditions. Chinese crypto company, BTCC, is selling a 49% stake in its crypto mining business for nearly $19 million USD. BTCC’s mining pool currently accounts for 1.6% of network hashrate. The contract stipulates a yearly profit expectation of roughly $3.8 million USD. According to results of a survey, 35% of Europeans believe Bitcoin to be the future of online payment. Two thirds of Europeans are aware of crypto and 15% of respondents wish to be paid in it. The survey was conducted by Dutch banking group, ING, who questioned about 15,000 people. the American financial regulator, the SEC, sought public …

Read More »

Report Reveals Phishing Trends Using Japanese Language for the First Time

Privacy Reports have confirmed that Japan has been targeted by cybercriminals using phishing, or illegal acquisition of personal information, to steal cryptocurrencies by sending fake emails to crypto exchange users. Fake emails sent in Japanese language reportedly rose to at least 1,500 by last autumn. Also Read: How Michael Richo Stole Bitcoins via Imposter Exchange Sites and Dark Web Phishing Schemes Six FSA Approved Exchanges Taking Inadequate Countermeasures Against Phishing Back in May, Bitflyer was warning its customers that fake emails used by cybercriminals were redirecting their victims to phishing websites that looked like authentic Bitflyer pages, which requested customers to enter their IDs and passwords. These were then collected by the criminals. Bitflyer received a serious business improvement order by the FSA on June 22. Fake emails in Japanese language sent to steal private information were confirmed last November A report published by the University of Tsukuba and Nomura Asset Management, an investment management company, criticized six government approved crypto exchanges saying they were operating without any solid countermeasures against online fraud and phishing schemes. The Japanese Anti-phishing Council and the information security company Trend Micro reported that it was in November of last year that fake emails sent in the Japanese …

Read More »

The Crypto Show: Crypto For Cannabis A Reality In Las Vegas

While Crypto for Cannabis has been contemplated for a long time, in legal dispensaries anyway, it’s finally here. It is admittedly an awkward process through a token called “Tokes” on the “Waves Platform” and so far only available in one dispensary in Las Vegas.However the effort to make that awkwardness a lot less awkward is taking place this week through an integration with the “Vaultlogic” BTM. Michael Wagner with “TokesPlatform”at a fraction of the price and time delivers what some other platforms promised but have yet to finish. Michael talks about that integration in the first half of this episode. In the second half I talk with the store manager of this Las Vegas dispensary “Pisos”. Jeff Siebolt the Pisos manager discusses some of the hurdles in banking for the Cannabis industry and the leap Pisos is taking into the digital age by integrating Tokes.   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: 612 Source

Read More »

Bitcoin Downtrend | Will BTC Rally Through $6300?

Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark. The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said: “It really is a no-man’s land from a trading standpoint. I think if you’re a very short-term trader… we have a critical stop level at the $5,800-6000… with a resistance level of $6,300-6400. If it can rally through that, I think there’s a chance Bitcoin could start to turn.” Bitcoin Downtrend: The Moving Average Charts A 15-day moving average chart is a good indicator of market trends and can help forecast whether market trend is positive or negative. Slyumer looked back over Bitcoin’s 15-day moving average charts going back to 2017. These charts indicated that the crypto markets have shown progressively higher lows. A “very critical support” for the coin came at the $7,000 level this year and Slyumer focused on this point as a turning point. Because Bitcoin lost this support level and equally failed to cross the $7,800 resistance threshold on the upside, it created “lower highs” and began an overall downtrend. …

Read More »

Bank of England Crypto Opinion

Bank of England crypto opinion: Earlier this year financial and political institutions in the United Kingdom decided to respond to claims that the crypto industry has risks attached to it. This would not be the first time the UK spoke on this topic. On Thursday, June 28th, the Bank of England was the latest institution in the country to address crypto risks. Bank of England Crypto Opinion: Risk Warning In March of this year, the UK Central Bank discussed the topic of cryptocurrencies at a conference in Edinburgh, Scotland. The gist of the conversation was that virtual currencies are susceptible to illegal activity, such as money laundering. Fast forward roughly three months, and the Bank of England is now saying something similar. Sam Woods, the head of the Bank of England’s Prudential Regulation Authority, wrote to various company bosses Thursday. Why? Well, Woods warned these chief executives of various crypto risks and reminded them to wade carefully into the crypto water when investing. Is There Truth in Sam Woods’ Words? The Bank of England is on the right track. While it’s true that companies have taken stakes in these assets despite the risks, the more reminded we are of how susceptible …

Read More »

Is Bitcoin Mining Worth It In 2018?

Is Bitcoin Mining Worth it in 2018? The financial industry was rocked in 2009 when a user (or users) with an alias of Satoshi Nakamoto introduced Bitcoin to the world.  The cryptocurrency, Bitcoin, is a digital currency that can be used as a global payment system.  It was the first of its kind to work without an administrator or central bank – transactions are peer-to-peer, and are verified through a blockchain. But you’re not here for a history lesson, this piece is meant to help you further understand the complex world of bitcoin mining, how to mine bitcoin at home and the kind of mining rig you’d need, and if mining bitcoin is worth it in the current cryptocurrency market. Can I Profit from Bitcoin Mining in 2018? Should I Invest in a Bitcoin Mining Rig? There are many things to consider to be able to answer that question properly. Here are some factors that can help you determine your potential for profit: Hardware Costs Bitcoin mining rigs use GPUs or video cards similar to what gamers use. The increase in demand for mining-capable GPUs because of the rise of bitcoin miners led to an increase in hardware costs. Today, …

Read More »

Arcana Wallet | Security and Autonomy in One

Cryptocurrency trading is an extraordinary opportunity because the price volatility is much wider than in equity markets. What would normally take weeks to attain in gains I have achieved in much shorter time frames. Rather than doubling down as my stack has grown, I bank my profits back into the majors: the largest blockchains such as Bitcoin, Ethereum, Neo. These particular cryptocurrencies are great savings opportunities because they not only appreciate in value, but they pay out extraordinary dividends in the form of forks. When I first started trading Bitcoin there was no such thing as Bitcoin Cash. That opportune fork happened to be a great ancillary benefit, a cherry on top of my proverbial sundae so to speak. Banking my Gains My goal in trading is rather simple. Gain more of the majors at all costs. February and March were great times for acquisition. While long positions presumably lost value in fiat terms, I took advantage of short trades to gain more Bitcoin and Ethereum on Bitfinex, a cryptocurrency exchange enabling margin trading. Once I reach a target profit target I bank those savings into a Trezor or a Ledger Nano S. Great money managers seek out strong custodian …

Read More »