A Casascius 1 BTC physical bitcoin today sold at auction for $28,700 USD, its new owner paying a premium of over $13,000 on its current (BTC) market value. The sale highlights bitcoin’s additional value as a collectable — both the physical coin itself and the “purity” of an unmoved, 2011-mined coin. Also read: NYC’s Rare Digital… View Article
Archives for January 12, 2018
Last year Bitcoin forked multiple times but the most successful one was Bitcoin Cash providing a rival chain that caused a rift within the BTC community. This year both versions are forking again and two new blockchains are imminent, with World Bitcoin already arriving. WBTC has already split from the Bitcoin chain at block 503,888…. View Article
Last year Bitcoin forked multiple times but the most successful one was Bitcoin Cash providing a rival chain that caused a rift within the BTC community. This year both versions are forking again and two new blockchains are imminent, with World Bitcoin already arriving.
WBTC has already split from the Bitcoin chain at block 503,888. According to its founders it has been created to solve a number of existing problems with Bitcoin. Anyone that has used it is well aware of the transaction fees and the arduous hours it takes to send or receive. World Bitcoin aims to evolve beyond the current blockchain into something far more efficient;
“We call it World Bitcoin because we want to solve the practical problems in the Bitcoin Network from a global perspective and offer more diverse scenarios of applications,”
By creating blockchain 3.0 the founders want to develop a system characterized by an infinite platform of smart contracts, high concurrency, low fees and blocks with upper limits. According to a WBTC Medium post the team said;
“In such areas as financial services, food security and culture and entertainment, concepts in blockchain technology have already been adopted in real life. Just like “Internet +”, “blockchain +” will have a significant impact on the upgrade of the whole industry and WBTC will spearhead that change.”
In total there will be 2.121 billion WBTC, with 21 million being managed by the WBTC Foundation for marketing, building a global ecosystem, and developing new features. Bitcoin users can get 100 WBTC for 1 Bitcoin.
Bitcoin Candy is the second fork due to split from the Bitcoin Cash chain at block 512,666 where it will continue on its own 8Mb block chain. BCH users will get CDY at a ratio of a thousand per Bitcoin Cash. The vision behind this one is a system resilient to quantum computing which many speculate will break the existing blockchain model. The Bitcoin Candy website states;
“As top technology companies like D-Wave, IBM and Intel are ramping up their investment in quantum computing research and development, the age of quantum computing will probably arrive in five to ten years. As such, ECDSA-based cryptocurrencies will become breakable by quantum computers. The CDY team will focus on experimenting with post-quantum signatures to secure cryptocurrencies.”
Blocks will be created much faster, at a rate of every two minutes and a total supply of 21 billion will be available, 10% of which will be pre-mined as an incentive for early developers and adopters. 2018 is likely to see a lot more forks in the Bitcoin ecosystem which continues to evolve beyond its original and somewhat obsolescent from.
Bitcoin Press Release: Blockchain technology and digital currencies within the Republic of Moldova? Over the past year a lot of ground work has been established relating to the education of Distributed Technology Ledger (Blockchain). 30th December 2017, Chisinau, Moldova – The creation of DTMA “Digital & Distributed Technology Moldova Association” founded by local and supported by international advisory with… View Article
Global e-commerce revenues rise at around 20% annually and the pace should continue this way for at least several years to come. This year the numbers should exceed $3 trillion level when we combine all worldwide sales expectations.
Now if we look at currently absolutely astonishing increase in capitalization of cryptocurrencies, there are a few assumptions to be made. Since 2017, Bitcoin alone rose over 1400% in value it gets very tempting and obvious that more and more retail consumers going to switch to cryptocurrencies. Most of them will maintain the focus on the growth of their capital. However, a very common practice is to spend a little bit of gain on small retail purchases and the trend has only started to appear.
E-commerce continues to skyrocket
Online purchases in most cases compile to around 10% of all global retail sales. The number is also growing every year and the future is clear – the e-commerce will eventually dominate the market. While according to Statista, over 19% of all sales were online based in China it only adds up to around 6,7% in Japan. The numbers are projected to increase at least 15% every year.
Switching back to cryptocurrencies, it is important to note that only a tiny fraction of e-commerce companies offer payments in Bitcoin, Ethereum or any other altcoin. The overall industry of online crypto payments is far away from exceeding 1% of all transactions.
Bitcoinus is an online crypto processing company targeting this – once in a lifetime – market opportunity to expand at an incredible pace.
“Media attention to blockchain based products and specifically cryptocurrencies like Bitcoin is overwhelming. The reality, on the other hand, is that the real revolution and the switch to this form of financial freedom is yet to happen. We started Bitcoinus to help people and businesses to maximize their gains by utilizing blockchain technology. It is now or never and between the two, we chose NOW.” – Says Tomas Mickauskas, the founder of Bitcoinus.
Crypto Payments in Every E-Shop
The main idea beyond Bitcoinus is to make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. Beyond the complex process of transaction lies the simplicity of two click payment. An individual will no longer need to go through a long and exhausting process of buying cryptos, storing them safely and then sometimes losing in cases of unfortunate events or scams.
Bitcoinus will introduce the merchant reputation system where all of the online businesses will be rated according to their performance levels and transparency. Ensuring commercial trust between the two parties is the key when we speak about the immediate adoption of the technology.
Another reason why Bitcoinus will make its way to dominating the industry is its relatively low cost to any of the existing competitors. 0.5% transaction cost is what the standard package of Bicoinus payment processing will be. In comparison to any credit card processing gateway companies, the commission sometimes only adds to as little as 10% of the regular pricing. Getting 90% discount for the service clearly brings strong opportunities for cost optimization and lower prices to the end retail clients.
Financial ICOs Bring Overwhelming Returns
2017 was a year of many successful ICOs and impressive capital gains. The infrastructure of blockchain based technology for retail user is only on its way and many of the ICOs were suggesting their outlook on many industries.
When it comes to financing, there was no shortage of great success stories, some of which are worth mentioning to make a point of where the market is headed. Tezos ICO attracted over $232 million and the return on their token has already brought over 1100% rate to the contributors. The example is impressive and shows how much the community is into new promising blockchain projects.
Tezos is not alone with this level of short-term return to its supporters. Another great example could be Status which generated an even higher rate of around 1500% returns.
When we speak about financial companies, one of the most shining stars will have to be TenX. The ICO campaign claimed to simplify the everyday use of cryptocurrencies. They succeeded to attract a lot of international attention with the service and their new approach to crypto. The returns to this day amount to roughly 550%.
“Bitcoinus will deliver the much-needed infrastructure for all global online-based businesses and retail clients. Having in mind the fact that there is no industry leader as we speak it will certainly be interesting to get involved in the formation of this new market segment. We are ready to dedicate all our resources to make it to the top and I am sure we will. The need for the quality cryptocurrency processing will continue to increase at an overwhelming pace. Everyone, business or individual, will look to find the best way to pay or get paid in crypto. Bitcoinus will be exactly what they will be looking for.”– says Povilas Ruzgaila, the head of business development of Bitcoinus.
The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their additional new payment method.
All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide the liquidity, therefore, it will create all conditions for the token to be accepted as a payment method to all Bitcoinus partners.
Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.
The post T.Mickauskas: Bitcoinus Will Rule the Blockchain Payments in 2 Years appeared first on NewsBTC.
South Korea’s citizens reacted angrily to a proposed ban on cryptocurrency exchanges, with politicians and residents alike condemning the move.
The ink is barely dry on President Trump’s tax legislation, and a new bill has surfaced in Arizona that kicks things up another notch. The bill proposes using bitcoin to pay state income taxes, and it was submitted by Senators Warren Petersen and David Farnsworth as well as Reps. Travis Grantham and Jeff Weninger, all
OKEx is requiring users to activate additional safety measures in light of recent hacking incident, claims exchange is perfectly safe
A lawmaker in Tennessee has filed a new bill that recognizes a blockchain signature as a kind of legal electronic record.
The post Korea’s Opposition Party Rallies Against Proposed Cryptocurrency Trading Ban appeared first on CCN
As recently reported by CCN, the cryptocurrency market took a hit after the South Korea Ministry of Justice revealed it plans to continue drafting a cryptocurrency trading ban bill. The market soon started to recover, after the South Korea Ministry of Strategy and Finance came forward and stated that it does not support nor agree
The post Korea’s Opposition Party Rallies Against Proposed Cryptocurrency Trading Ban appeared first on CCN