Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions.

Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet

Up Moves, Down Moves, and Eight Months of Corrections

Last week was pretty bad for most of the top digital asset markets, except we mentioned during our last markets update that bitcoin core (BTC) spot market prices took the least of the blows downward. Then a little less than 48 hours ago and mostly yesterday cryptocurrency markets picked up again with BTC touching a high of $6,615 on Bitstamp. But on Friday, August 17 most digital asset markets besides BTC reaped a lot more gains as a good portion of the top markets saw 10-20 percent spikes.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

The biggest gainers were ripple (XRP), monero (XMR), and stellar (XLM) as the values of each currency are up between 2-5 percent over the last seven days. Top digital currency trade volumes today are held by BTC, USDT, ETH, EOS, XRP, and BCH. There’s been about $14B USD worth of trade volume swapped among all 1600+ virtual currencies.  

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH) markets are down today 4.3 percent while the past seven days show BCH is also down 2.2 percent. At the time of writing, BCH/USD markets are valued at $560 per coin with an overall market valuation of around $9.68B today. The top five exchanges swapping the most BCH this weekend are Okex, Coinex, Binance, Hitbtc, and Bitfinex.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Market volume is fairly decent, but weaker with $420M USD worth of BCH traded over the last 24 hours. Right now the top currency paired with bitcoin cash on exchanges is tether (USDT) which captures 49.2 percent of all trades. This is followed by BTC (27.5%), USD (10.5%), ZB (3.44%), QC (3.16%), and the KRW (2.15%).

Bitcoin Core (BTC) Market Action

Bitcoin core (BTC) prices are up about 1 percent over the last seven days worth of trading sessions but are down 1.9 percent today. At press time the average price for BTC is around $6,430 per coin and BTC’s market capitalization is $110B. The top exchanges today trading the most BTC include Bitflyer, Binance, Coinbene, Bitfinex, and Okex.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

As mentioned above, BTC captures the top volume position with around $4B in 24-hour trade volume which is much weaker than the $5.5B traded four days ago. The top pairs trading with BTC involve the following currencies tether (USDT 59.1%), USD (19.6%), JPY (11.5%), EUR (2.9%), KRW (2.3%) and bitcoin cash (BCH 1.7%).

The Verdict: Uncertain Predictions

At the moment, even with prices showing some upswing, and some traders believing cryptocurrencies will enter a bullish trend, most traders still seem pessimistic. It’s difficult to see digital assets rise with dwindling trade volumes. Furthermore, a lot of confidence has been shot over the last eight months of false bull flags and many psychological price levels degrading. Some believe there is a noticeable support zone and prices may still move sideways and test these zones again. Other, more optimistic traders think the path of least resistance is towards the upside and markets are entering a bearish-to-bullish trend. Much of these short-term theories will likely be confirmed within the next 48 hours.

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


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The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about the latest incarnations of the technology.

Also read: Binance Launches in Liechtenstein, ZB.com Opens Office in Malta

Scammers Threaten Cheating Husbands, Ask for Bitcoin

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and ThatThe U.S. Federal Bureau of Investigation (FBI) has recently issued a warning about new scams involving cryptocurrency: fraudsters have been sending letters threatening to reveal cheating husbands to their wives and relatives unless they are paid thousands of dollars in bitcoin (BTC). The FBI’s Internet Crime Complaint Center (IC3) says there’s been a significant increase in the number of extortion attempts of this kind.

A variety of scenarios have been reported but the scammers usually accuse people of cheating and visiting porn sites, and claim to possess other compromising information as well. Threats like “I know about the secret you are keeping from your wife” and “I installed malware on the adult video site” are often part of the correspondence.

People’s personal data like names, usernames, or passwords is included to intimidate the targeted individuals. In most cases, the recipient is instructed to pay a ransom in bitcoin. The Bureau asks victims to reach out to the local FBI office and file a complaint with the IC3 at www.ic3.gov, providing any relevant information including the extortion email and the BTC address.

Porn Site Rewards Viewers with Tokens

Speaking about earthly temptations, a leading adult website now wants to reward its users with cryptocurrency. Tube8, a subsidiary of Pornhub, one of the largest platforms in the genre which boasts over 150 million page visits a month, is now moving onto the blockchain. The porn streaming service told Hard Fork it is tokenizing itself through a partnership with Vice Industry Token (VIT). According to the report, the deal will allow users to earn VIT tokens while enjoying the Tube8 videos.

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The transformation is scheduled to take place by the end of the year, promising to turn Tube8 into the very first major adult platform to pay its users for their activity in cryptos. By doing so, Pornhub, which is already accepting payments in verge, tron and zencash, is truly spearheading crypto adoption and blockchain implementation in the adult industry, taking advantage of the anonymity provided by cryptocurrencies, which is important for its customers.

Something for the Ladies: Buy Hairspray with Bitcoin

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and ThatThinking about finding new intersections between beauty and technology, beyond formula or packaging, R+Co, the beauty collective founded by stylists Howard McLaren, Thom Priano, and Garren, is now incorporating bitcoin core (BTC) and bitcoin cash (BCH) payments into its business, The Cut reports. The team thinks it’s a logical next step.

Once you decide to pay for your hairspray with any of these leading cryptocurrencies, “The Culture of Hairdressing” promises a simple online checkout experience. After providing billing and shipping information, ladies will be prompted to choose a payment method and they can opt to spend cryptocurrency instead of reaching for the credit card. Selecting the bitcoin option will transfer them to Bitpay where they need to complete the purchase within 15 minutes. Excited about the new service, R+Co’s president Dan Langer said:

Blockchain technology is going to be one of the future disruptors in the beauty industry. It will allow consumers the ability to leverage their data and purchase behavior in all kinds of new shopping ways… from reviews to rewards to product benefits. In order to stay at the forefront of this emerging thinking we wanted to integrate components of it while still in its early stages – like paying with Bitcoin – and learn with it as it evolves.

Blockchain This, Blockchain That

Bitcoin payments – that’s fine, but “blockchain” is not something everyone accepts without prejudice. Almost half of Brits, for example, wouldn’t trust an organization using it, new research from IP EXPO Europe has discovered. The authors have found that over a third of British people (35%) would not trust a company employing the technology to keep their information secure. The main reason for their mistrust is not knowing what blockchain really is.

Another 11% of the respondents in the poll conducted by One Pulse, who believe they know what blockchain is, would also not trust an organization that’s using it. Both figures represent almost half of UK citizens. Add to that the 28% who say they wouldn’t trust a firm using any technology they don’t understand and you’ll realize how important it is for businesses to ensure they don’t confuse their customers while trying to improve their technical capabilities or simply riding the wave of the crypto craze.

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Nevertheless, the blockchain mania goes on and this week produced a number of examples. We learned that Italian insurance companies are testing a blockchain-based solution to resolve disputes involving car-liability claims, Wyoming farmers want to use the distributed ledger technology to track what their cattle eats and then brand their beef as superior, blockchain-proof probably, and the China Aerospace Science and Industry Corporation has developed a blockchain platform to improve electronic invoicing… What? Oh, and “China’s first blockchain social network is the brainchild of a 24-year-old female poker player,” mainstream media informed us.

Realizing the importance of blockchain education, Hong Kong authorities have granted $20 million USD to several local universities that are expected to use the funds to finance the research and development of blockchain-based payments systems. And in the Philippines, one of the oldest universities, Ateneo de Manila, is partnering with a healthcare service provider to set up a research laboratory powered by blockchain. All this is happening after Turkey’s Bahçeşehir University inaugurated the country’s first blockchain innovation center. Yes, a lot of education is needed when it comes to blockchain.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


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Bitcoin Not Dead, Again: Washington Post Gets Schooled

Castle Island Ventures partner and cofounder of Coinmetrics.io, Nic Carter, has had quite enough. Made crazy by mainstream media misunderstanding, ignorance, and downright falsehoods regarding cryptocurrencies, he took to Medium, making the case for why Bitcoin is not dead, again.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

“Bitcoin is Still a Total Disaster”

“I’m fed up with journalists who are either ignorant or unwilling to learn about cryptocurrency,” Mr. Carter began, “holding forth on its perceived weaknesses. However, there isn’t enough time in the day to rebut all of their nonsense, so I have to be selective.”

Nic Carter, partner at Castle Island Ventures, and cofounder of Coinmetrics.io, is obviously tired of journalists and their respective employers failing to understand cryptocurrency basics. The last straw, bringing his anger to a public boil, was a recent article written for The Washington Post’s Wonkblog Perspective, “Bitcoin is still a total disaster,” by Matt O’Brien. It attempts to make the case Bitcoin doesn’t work on any level, to any practical effect.

As Mr. Carter explains, Mr. O’Brien’s Wonkblog piece “relies on mistaken assumptions to paint a misleading picture of the world.” He takes the rant apart, claim by claim, beginning with whether or not bitcoin is a currency. This is a bone of contention within the community itself, so it should be noted Mr. Carter is referencing bitcoin core (BTC) and not bitcoin cash (BCH) in his arguments against the rant by Mr. O’Brien (though BTC and BCH carry similarities).

Mr. O’Brien’s first claim, first sentence really, is BTC’s lack of price stability, and thus this fact discounts it as a currency. Interestingly, and for reasons cited just above, Mr. Carter almost concedes the point, “This assumes that Bitcoin is a currency, and that the definition of currency is normative (‘x should do y’) as opposed to descriptive (‘things of type x have the qualities y and z’). I’d classify Bitcoin the protocol as a complete monetary system, and bitcoin the unit of value as a commodity money, which has the potential to become a gold-like reserve currency. Commodities fluctuate — that’s what they do.” Maybe BTC is more than one thing, seems to be Mr. Carter’s nuanced stance.

Journalists Do Not Understand Decentralization

Another assertion in the Washington Post rant had to do with volatility being baked-in to Bitcoin. Mr. Carter describes that accusation as “an odd rewrite of history, or more charitably, a very strange interpretation of bitcoin’s purpose. The impossible trinity tells that it’s impossible to have free capital flow, sovereign monetary policy, and a fixed exchange rate all at the same time. Bitcoin was designed with sovereign monetary policy and a free flow of capital. No one underwrites or backs Bitcoin, so it cannot be pegged to a real-world basket of goods. That’s the same with gold. Both have emergent monetary premia. This can’t be planned for — it just so happened that way. Needless to say, Satoshi didn’t design Bitcoin to be unstable, he wanted to solve the problem of double spends with digital cash such that it didn’t rely on a single validator. Its volatility is an emergent property, not a design objective.”

Mr. O’Brien also attempts to use BTC being decentralized as a bug rather than a feature. He writes in the Washington Post that “the only way to [validate transactions in such a scheme] would be for every member of that network to keep a record of every bitcoin transaction there had ever been — that way they knew who had bitcoin to spend — which would require a lot of computing power,” emphasis his.

“This is a common misconception,”  Mr. Carter answers, bent on correction. “PoW and mining ensures that the network deterministically converges to a shared history, without any subjectivity or off-chain coordination. The fact that the minted units have value means that miners are incentivized to behave appropriately in the short and medium term. And the fact that those units are worth $x means that miners will pay anything up to $x to obtain them. This is the source of the large quantities of computing power allocated to the network — the combination of efficient mining hardware and large amounts of value at stake.” Furthermore, the Post journalist confuses running nodes with mining, and with miners. Maintaining the ledger, as it were, is a bandwidth issue, a storage issue, and has nothing to do with mining.

The remainder of Nic Carter’s takedown of the Post reads similarly, and is worth a look. He tackles the issue of price manipulation by castigating, “Plain old manipulation? You really mean to tell me you think a $100b network was manipulated into existence?” As for its falling prey to the wealth effect, Mr. Carter counters with empirical data leading to how Bitcoin “is unique among monetary assets because it offers properties not instantiated by gold or the USD. There’s a reason people choose Bitcoin.” He also isn’t afraid to get financially technical, but ultimately finds, “The problem with this article is that the pundit in question has settled on a narrative — Bitcoin is a poor economic system — and then searched for various data points that confirm his view. Bitcoin is volatile, yes. It is an emerging commodity-money that is becoming financialized and growing from a small tribe of enthusiasts to a global user base. Of course it’s volatile. Growth is not linear. Only ‘fragilistas’ demand it to be so.”

Does Bitcoin need defending to the popular press? Let us know in the comments section below. 


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Crowd Source or Complete Tasks With Bitcoin.com’s Bounty Hunter Portal

Crowd Source or Complete Tasks With Bitcoin.com's Bounty Hunter Portal

Ever since the Bitcoin network was launched the online world of digital bounty hunting began to prosper significantly, allowing individuals the ability to scour the web for jobs that pay in cryptocurrency. Just recently Bitcoin.com revamped its portal, Bitcoin Bounty Hunter, a service that allows anyone to anonymously crowd source bounties to complete tasks. Armchair detectives and online bounty hunters can make a lot of money as the current bounty list has close to $400K in digital asset rewards available.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Bitcoin Bounties Enables Economic Prosperity from Remote Locations All Around the World

Bitcoin is an incredible technology that has not only revolutionized money but the protocol has also transformed many other facets of the world’s economy and the way we interact within the online world. The concept of cryptocurrency bounty hunting had naturally emerged almost immediately after Satoshi launched the peer-to-peer currency and thousands of individuals have completed tasks over the years in order to grow their coin reserves.

Crowd Source or Complete Tasks With Bitcoin.com's Bounty Hunter Portal
At the time of writing the listed bounties on Bitcoin Bounty Hunter add up to close to $400K USD worth of bitcoin rewards.

Bitcoin.com is all about economic freedom and prosperity through free market capitalism, so we’ve launched our own bounty portal that allows anyone the ability to crowdsource bounties. Furthermore, highly skilled bounty hunters looking to complete online ventures can visit the Bitcoin Bounty Hunter page so they can earn a bunch of bitcoin cash.

Bitcoin Bounty Hunter: Close to $400K USD Worth of Cryptocurrencies Available Now

At the moment, Bitcoin Bounty Hunter has close to $400,000 USD worth of bitcoin cash (BCH) and bitcoin core (BTC) dispersed among six unsolved bounties. Some of the tasks include helping catch whoever is responsible for the missing 600,000 BTC from Mt Gox, find out who is responsible for the thousands of BTC stolen from Bitcoinica, help identify a Localbitcoins scammer named ‘Pablo777’ who stole 10 BTC from a trader, and a few more unsolved mysteries for online sleuths to solve.

Crowd Source or Complete Tasks With Bitcoin.com's Bounty Hunter Portal
Six bounties available today. All types of tasks can be crowd sourced like project building, design services, video work, writing tasks, software development, bug fixes, marketing needs, and really any undertaking you can think of that doesn’t involve violence or harassment. 

The bounties have full summaries of undertakings while also supplying important documents and clues. We originally started the bounty hunter page so we could help find the criminals who stole thousands of cryptocurrencies from innocent victims. But we have grown the service in order to include all kinds of tasks from within the crypto-community. If you have a task that you need accomplished take a minute and fill out the bounty request form.

Initiate All Types of Bounties or Help Complete Tasks in Order to Grow Your Coin Reserves

For instance, the types of bounties an individual or organization can initiate could include project building, design services, video work, writing tasks, software development, bug fixes, marketing needs, and really any undertaking that you are will to pay for with bitcoins. As mentioned above we allow bounties for a person who has committed a crime in which there is a victim, but we strictly prohibit any bounties involving violence or harassment.

There’s a lot of funds available for armchair detectives and online bounty hunters to complete already. Moreover, if a third party feels strongly about supporting a specific bounty they can anonymously contribute funds to the prize pool by donating to the associated bitcoin address tethered to each bounty.

So if you are in a position to fund tasks or you have the spare time to complete online bounties then you should check out our Bitcoin Bounty Hunter portal today!

What do you think about the Bitcoin Bounty Hunter page? Let us know your thoughts on this subject in the comment section below.


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New Player to Offer Next Generation ASIC Chips This Year

New Player to Offer ASIC Chips This Year

A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities.   

Also read: Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar

$20 Million to Develop New ASIC Chip

Squire Mining Ltd., a Canada-based investment company focused on global resource exploration and tech projects, has closed its non-brokered private placement equity financing of $25,500,000 CAD ($19.5 million USD). The money will be invested in a planned change in business – the firm now wants to enter the crypto space.

Squire intends to use financing proceeds to fund the design, development, testing and mass production test run of the company’s “next generation” ASIC chip and bitcoin mining rig, according to a press release. A portion of the funding will be reserved for further research and development of a second generation chips and rigs, and to cover marketing, promotion and distribution expenses.

New Player to Offer Next Generation ASIC Chips This Year

The company says it hopes to complete the manufacture and assembly of a pilot production test run of its first bitcoin (BTC) mining ASIC chip and rig by the end of the fourth quarter of 2018. According to a partnership agreement with design and system engineering architecture expert Peter Kim, which was signed in March, the ASICs will be 10nm chips.

The joint venture, in which the company will hold an initial 66 2/3% interest and Kim will hold 33 1/3%, will be based in South Korea. It will be responsible for the design, development and commercialization of the highly specialized hardware. Once the ASIC chip development is completed, the enterprise will also take care with sales of bitcoin and other crypto-mining systems and work to develop its own mining facilities.

Growing Mining Industry Attracts New Competitors

Squire Mining, which is currently filing final listing documents with the Canadian Securities Exchange, notes that the development of the nextgen chips and system architecture is the central foundation for the growing crypto industry. Its entry into the mining sector, currently dominated by the Chinese giant Bitmain which controls about 80% of the market, is expected to increase competition in the space.

New Player to Offer Next Generation ASIC Chips This YearCrypto mining is a profitable business and the Beijing-based Bitmain, which also owns some of the largest mining facilities, has reported profits of more than $3 billion dollars in 2017. The mining behemoth is now trying to diversify its product line – it recently launched two new Wi-Fi routers capable of mining x11 and blake2b cryptocurrencies like dash and siacoin.

Bitmain announced the routers days after Canaan Creative, the world’s second largest manufacturer of cryptocurrency mining equipment, said it was planning to sell a TV set that doubles as a mining rig.

Other players, including companies like Samsung, are also trying to take a share of the market. This spring, the South Korean electronics giant reported increasing profits thanks to its production of bitcoin mining chips. In July, Japanese internet giant GMO launched an upgraded version of its bitcoin miner equipped with 7nm ASIC mining chips. The new rig boasts a higher hash rate and is capable of mining both bitcoin core (BTC) and bitcoin cash (BCH).

Are you expecting more companies to join the competition in the mining hardware sector? Share your thoughts on the subject in the comments section below.


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Markets Update: Bloody Crypto-Markets Suffer More Losses

Markets Update: Bloody Crypto-Markets Suffer More Losses

Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $20 billion USD. All eyes will surely be fixed on digital asset charts this week as there’s been a plague of bearish market sentiment cast over the entire crypto-economy.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip 

There’s Blood in the Crypto-Streets

When it comes to cryptocurrency markets today on August 14, there’s an awful lot of ‘blood in the streets.’ During yesterday’s trading sessions, the entire cryptocurrency economy dropped under the sub-$200B zone and today the valuation is hovering around $195-199B. This is due to the extreme losses many digital currencies have suffered through over the past three days. A great majority of coins are seeing losses between 3-25 percent today as many assets have touched their previous bottoms or lower. Overall trade volume this Tuesday has increased, likely because prices are so low right now, and over the last 24-hours around $15.9B cryptocurrencies have been traded.

Markets Update: Bloody Crypto-Markets Suffer More Losses
The top ten digital assets today on August 14, 2018, at 10 am EDT.

Bitcoin core (BTC) has been able to dodge a lot of the downward blows as the currency has lost a lot less percentage wise than most other coins. This has led to BTC dominance or its market capitalization measured in comparison with the entire crypto-economy valuation to spike upwards of over 54 percent. Out of the top ten digital assets, cardano (ADA) has taken the biggest blow and has sunk to the 8th highest position because it lost over 16.8 percent in value over the last 24-hours. The price of ADA has dipped to around $0.09 per coin at the time of publication.

Markets Update: Bloody Crypto-Markets Suffer More Losses
Out of the top ten digital assets, cardano (ADA) has lost the most over the last 48-hours.

This is followed by the second biggest top ten loss with ethereum (ETH) seeing its market value lose 16.1 percent today with one ETH trading for $268. The third largest top ten loss today belongs to EOS as its markets are down 13.7 percent with one EOS trading for $4.44 per coin.

Bitcoin Core Market Action

Bitcoin core markets are down 3.94 percent today, and the cryptocurrency has been fighting to hold above $6,050-$6,175 per coin over the last day. Last night the BTC/USD price dropped to $5,880 coming awfully close to the currency’s assumed bottom at $5,774. Today BTC trade volume over the last day has been fairly decent at $5.5B and the currency’s entire market valuation is about $106B at press time.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The top five exchanges swapping the most BTC includes Bitflyer, Okex, Bitfinex, Binance, and Coinbene. The trading pairs seeing the most swaps today with BTC includes tether (USDT 50.2%), USD (26.5%), JPY (11.3%), EUR (4.7%), KRW (2.4%) and bitcoin cash (BCH 1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BTC/USD 4-H, August 14, 2018, 10 am EDT Coinbase.

Bitcoin Cash (BCH) Market Action

Bitcoin cash markets have seen a 24-hour loss of around 15 percent today and the currency’s market capitalization is around $8.5B. At the moment bitcoin cash is trying to stay above $490-515 at the time of writing but bulls have been struggling. Last night BCH dipped to a low of $472 on Bitstamp, but trade volume had spiked over $400M+ pushing the price back up after the drop.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The five leading bitcoin cash exchanges today include Coinex, Okex, Binance, Hitbtc, and Bitfinex. The currencies that are currently being traded with bitcoin cash the most includes tether (USDT 49.1%), BTC (27%), USD (13.1%), QC (2.83%), ETH (2.79%), and the KRW (1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BCH/USD 4-H, August 14, 2018, 10 am EDT Bitfinex.

The Verdict: Volatile Markets and Heavy Losses Increase Uncertainty

Digital asset markets have been wild over the past few weeks and many traders seem uncertain about where the ‘good-ship-crypto’ will go from here. 2017 was an exceptional year and the past seven months of 2018 has been literally the exact opposite as far as cryptocurrency values are concerned. The cryptocurrency economy as a whole has lost considerable value which in turn is brewing deep skepticism towards the future of certain crypto-markets. For now, most traders remain uncertain of where things will go and many are praying they played their positions correctly in hopes they don’t get squeezed. At the moment digital asset prices are starting to see a slight recovery after the significant losses last night. 

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


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Bitcoin Cash ‘Chain-Splitting’ Bug was Detected by Bitcoin Core Dev.

It has emerged that the “unknown person” who notified Bitcoin ABC developers of a vulnerability in Bitcoin Cash which would have resulted in the unintended split of the altcoin’s network is actually a Bitcoin Core (bitcoin’s primary software implementation) developer. In a Medium blog post, Corey Fields revealed that he was responsible for anonymously and

The post Bitcoin Cash ‘Chain-Splitting’ Bug was Detected by Bitcoin Core Dev. appeared first on CCN

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and Posts

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and Posts

Financial software developer Intuit has been awarded a patent for processing BTC payments via SMS and we’ve covered the details in today’s edition of Bitcoin in Brief. Also in The Daily, Brave browser plans to enable BAT tips for tweets and Reddit posts, cryptocurrency is projected to constitute 5 percent of the portfolios of US investors next year, and in Thailand, a famous actor has been arrested for an alleged crypto investment fraud.

Also read: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

Intuit Awarded Patent for BTC Payments via SMS

California-based company Intuit, a financial software developer, has been awarded a patent for processing bitcoin core (BTC) payments via text messages (SMS), according to a filing published by the US Patent and Trademark Office on August 7. The patent that outlines a system to transfer BTC funds by sending text messages on smartphones was filed back in 2014. According to its abstract:

The method includes receiving, by a payment service, a payment text message comprising a payment amount and an identifier of a payee mobile device, validating the payment text message based on a payer balance of a virtual payer account maintained by the payment service for the payer […] transferring, in response to creating the virtual payee account, the payment amount from the virtual payer account to the virtual payee account […].

Despite the prolonged consideration of the patent application, Intuit has been continuously developing its crypto-cash payment solutions in the meantime. Earlier, the company announced it had reached a partnership agreement with the payment provider Veem to build a system for processing international cryptocurrency payments.

Brave Browser to Enable Tips for Tweets and Posts

Brave, the privacy-oriented web browser that supports opt-in ads and crypto payments between users and website publishers like Twitchers and Youtubers, is now planning to expand its service to Twitter and Reddit. The startup intends to introduce support for the two platforms in the fourth quarter of this year, according to an announcement quoted by CNET.

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and PostsTo take advantage of the tipping system, which uses Brave’s basic attention token (BAT), users have to enable the payments in the browser. Then, if another Brave user decides that a tweet or a post is worth rewarding, they can send a BAT tip. “The model will be tipping – a user likes a tweet and can give BAT to the tweeter, and optionally tweet back that he tipped,” the company explained. The mechanism for Reddit users will be similar.

Brave is essentially trying to redefine how online advertising works. Its browser is blocking ads by default and people’s attention is rewarded with tokens. BAT payments can be made between users, publishers and advertisers. The opt-in system allows anyone who sees a Brave-placed ad to get a portion of the revenue from the advertiser. Brave claims to have more than 20,000 verified publishers and 3.25 million monthly active users who can send and receive BAT tips. The Brave browser project was funded through an Initial Coin Offering (ICO) and launched by Mozilla co-founder Brendan Eich.

Crypto Expected at 5% of US Investments in 2019

Despite declining prices of most cryptocurrencies amidst a continuous bearish trend in crypto markets this year, a new survey has found that digital coins are becoming a permanent part of many investment portfolios in the US, decreasing the dominance of traditional instruments such as stocks, bonds and real estate. The authors of the study have detected a growing desire among US investors to get exposed to cryptos, considered by many to be the next big asset group.

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and PostsThe Harris Poll survey, conducted on behalf of the American Institute of CPAs (AICPA), has established that cryptocurrencies will represent 5 percent of the investments of those 35 percent of Americans that consider themselves investors or plan to invest in 2019. At the same time, Exchange Traded-Funds (ETFs), which have received much attention in the crypto space recently, account for 8 percent of the projected investments.

The study has attempted to assess the knowledge and awareness of cryptocurrencies among active investors in the United States. According to the published results, their levels remain relatively low with almost half of the respondents admitting having little or no understanding of the matter. “Cryptocurrency appears to be foreign to many investors. The survey found that nearly half of U.S. adults (48 percent) are not familiar with Bitcoin, Ethereum, or Litecoin,” the AICPA commented on the findings.

Thai Actor Arrested for Alleged Crypto Investment Fraud

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and PostsPolice in Thailand have arrested Jiratpisit “Boom” Jaravijit, a famous Thai actor, for his alleged participation in a fraudulent crypto-investment scheme. According to local media reports, he lured a foreign national into investing 797 million baht (~$24 million USD) in digital currency. Mr. Jiratpisit, who was apprehended on Wednesday after the Thai Criminal Court issued an arrest warrant in July, has been also charged with collusion in money-laundering.

The actor is one of seven suspects who allegedly committed the crime, The Bangkok Post reported. Law enforcement officials said they acted after receiving a complaint that the accused had defrauded the foreigner into sending them the money in bitcoin (BTC). The fraudsters assured the person the funds would be used to buy shares in companies that had invested in the Dragon Coin digital currency. The investor, identified as the Finnish national Aarni Otava Saarimaa, met the suspects in June, 2017. The Thai actor has denied the charges.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock.


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On-Chain BCH Used in a Submarine Swap for Off-Chain BTC

On-Chain BCH Used in a Submarine Swap for off-Chain BTC

This week an individual revealed he had completed the first trustless swap by trading on-chain bitcoin cash (BCH) for off-chain bitcoin core (BTC) using Alex Bosworth’s submarine swap protocol.

Also read: Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent

On-Chain Bitcoin Cash Submarine Swapped for Off-Chain BTC

The decentralized cryptocurrency bitcoin cash (BCH) was traded over the Lightning Network this week for off-chain bitcoin core (BTC). According to an individual on Reddit named u/Darkdeepths, he says he’s been fortunate to see Bosworth’s submarine swap testing and decided to test the protocol himself. The submarine swap protocol is an atomic on-chain and off-chain trading platform created by Bosworth that allows a person to use on-chain funds to pay for an off-chain Lightning invoice. Users can test the protocol with testnet coins and the process was recently used by Jason Wong for an on-chain litecoin (LTC) transaction traded for an off-chain BTC transaction. The Reddit user Darkdeepths decided to utilize bitcoin cash for the experiment two days ago.

On-Chain BCH Used in a Submarine Swap for off-Chain BTC
Darkdeepths BCH for BTC submarine swap.

“I’m trustlessly swapping On-Chain BCH for Off-Chain BTC,” explains Darkdeepths. “I am fortunate enough to get a look at some of the cool submarine swap technology that Alex Bosworth is building — I decided I wanted to test turning some of my on-chain BCH to Lightning Network BTC.”

I created a Lightning wallet on Moneni.com and generated the Lightning invoice there. Alex already had channel capacity, so all I needed to do was enter the invoice and pay the script that he provided. His service also returned a payload with a redeem script and a block height after which I could claim a refund (in case things went south).

On-Chain BCH Used in a Submarine Swap for off-Chain BTC
Concepts like Plasma and Atomic Swaps have become more popular over the last year.

Atomic Swaps and Plasma Trading May Invigorate the Concept of Decentralized Exchanges

A few Bitcoin Cash proponents seemed to like the idea that on-chain BCH was swapped trustlessly for off-chain BTC. Darkdeepths experiment was a top post on the bitcoin-cash focused forum r/btc on August 9. Furthermore, Darkdeepths said he may try to reverse the process during his next test.   

“It was pretty exciting executing the swap with real assets,” Darkdeepths says.   

Thinking of trying the reverse soon (requesting BCH-on-chain for my BTC-on-LN). should work when the swap is initiated from either side of the trade.

Ideas like these make it possible for people to realize the possibilities of trustless trading and truly decentralized exchanges. Ideas like atomic swaps, and plasma are making it possible for traders to swap cryptocurrencies without a third party involved and many decentralized exchanges are basing their models on some form of cross-chain swaps.

What do you think about the individual who successfully swapped an on-chain BCH transaction for some off-chain BTC? Do you think concepts like these will be helpful for decentralized exchanges? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Pixabay, and Alex Bosworth’s Submarine Swap site. 


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The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

Covered in The Daily on Friday are several announcements crypto users may find interesting. Ledger has added support for 8 new coins and crypto exchange Okex is launching a white label platform. Also, Exmo will offer its European users faster payments and transfers in partnership with Mistertango, and Estonian startup Citowise has integrated credit card purchases for crypto in its Android app.

Also read:  Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos

Ledger Adds Support for 8 New Cryptocurrencies

Popular hardware wallet provider Ledger has added support for third party applications developed for eight new digital assets to its Ledger Nano S device. From now on, the company will announce new additions on the first Tuesday of each month, in order to streamline app validation.

Starting this week, the Ledger Live application for Ledger Nano S offers the following new coins: Poa, Icon, Vechain, Wanchain, Ontology, Kowala, Particl, and RSK, the company announced in a tweet. Ledger developers have also provided a link to their roadmap for planned releases and other useful details published on Trello.

In a blog post, the team behind Ledger notes that the validation process for third-party apps will be simplified with clearer guidelines, giving developers more comprehensive guidance on security good practice, device applications interface, experience, and design requirements.

The new applications will be available for installation on Ledger devices through Ledger Live. However, the coins won’t be directly compatible with the native app and initially customers will have to use a compatible third-party wallet to perform transactions. “Ledger Live will gradually incorporate full support for third-party applications to enable Ledger users to not only install, but also transact with these new crypto assets directly from Ledger Live,” the company explains.

Okex Launches White Label Platform

Crypto exchange Okex has announced the launch of its new Coinall platform, a white label solution which is part of its Open Partnership program that started a couple of months ago. “The launch of CoinAll, the 1st exchange under Open Partnership Program, symbolizes a new era to build a community- and project-centric open exchange, unveiling an exciting new chapter in the blockchain industry!” the Chinese-run company posted on Twitter.

Participants in the Open Partnership program will now be able to take advantage of a variety of services offered by the exchange, including its clearing system, cold and hot storage, applicable anti-money laundering (AML) and know your customer (KYC) procedures. Coinall developers also claim that it is the first autonomous, community-run crypto-trading platform.

Coinall has released 10 billion CAC tokens, 51% of which will be allocated as rewards to users. The other 49% are reserved for the founders of the exchange and the members of the Open Partnership program. Currently, the platform offers trading pairs of CAC with bitcoin core (BTC), ethereum (ETH), and tether (USDT).

Exmo Introduces Faster Payments with Mistertango

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with MistertangoThanks to a newly announced partnership with Lithuania-based payments provider Mistertango, European crypto exchange Exmo will offer its users the opportunity to make instant deposits and withdrawals in EUR. Traders will also be able to make Single Euro Payment Area (SEPA) transfers which translates into faster payments.

The Mistertango payment account will allow Exmo users to fund their crypto-related activities using fiat currency. The account comes with an IBAN number, offering the ability to instantly transfer money via SEPA, and a prepaid Mastercard as well. According to a press release, the Lithuanian company already works with more than 100 cryptocurrency exchanges and intends to expand further in the crypto space.

Estonian Citowise Offers CC Purchases of Cryptos

Crypto wallet provider Citowise is now offering users the option to buy cryptocurrencies with Visa, Mastercard and American Express debit/credit cards. The newly integrated function in its Android app currently supports purchases of bitcoin core (BTC) and ethereum (ETH), with plans to add other cryptos in the future, including bitcoin cash (BCH), litecoin (LTC), ripple (XRP), and NEO. In a blog post, the team promises that the functionality will also be available on iOS soon.

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

In order to buy cryptocurrencies with their bank cards, users need to pass KYC and AML verification, a service provided by a third party – Citowise’s partner company Transcoin. The purchasing limits for this option are set at €32,000 (~$36,600) per month. The total can be spread over a maximum of four credit or debit cards, the company notes. The app of the Tallinn-based startup also supports purchases of cryptocurrencies with SEPA payments. In this case, the monthly limit is €200,000 and the daily is €40,000.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Ledger, Okex, Exmo, Citowise.


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Markets Update: Crypto-Prices Slide After SEC Announcement

Markets Update: Crypto-Prices Slide After SEC Announcement

Cryptocurrencies are dropping in value once again on Wednesday, August 8 as most of the top digital assets are down between 9 to 18 percent over the last 24 hours. Prices started dropping yesterday after the U.S. Securities and Exchange Commission (SEC) extended the Cboe exchange-traded fund decision. Immediately after the announcement, bitcoin core (BTC) values shaved off $400 in an hour and the currency has lost another $300 in spot value today.

Also read: CFTC-Regulated Ledgerx Launches Interest-Bearing BTC Savings Platform

After the SEC Announcement Cryptocurrency Prices Slide Significantly  

Digital currency values are hurting today as the entire cryptocurrency market capitalization has dropped since our last markets update from $250B to $231B on August 8. Despite the drop in value, trade volumes for all 1600+ coins has increased to $15B over the last day. A few days ago, cryptocurrencies saw the first dip before the SEC announcement, which took place after the Intercontinental Exchange (ICE) deal was revealed. However, after the quick dip, BTC/USD prices moved back up to the $7,140 region for a short period of time. The next two significant drops in value occurred after the SEC revealed delaying the ETF decision leading to today’s BTC/USD low of $6,391 per coin.

Markets Update: Crypto-Prices Slide After SEC Announcement
BTC/USD prices over the last 48 hours on Bitcoinwisdom (15M-chart).

Bitcoin Core (BTC) Market Action

Markets Update: Crypto-Prices Slide After SEC AnnouncementBitcoin core (BTC) prices at the moment are around $6481 per BTC and the cryptocurrency’s market valuation today is $111B. Daily trade volume is decent but nothing spectacular at $5B USD in BTC traded over the last 24 hours. According to Satoshi Pulse statistics, the exchanges swapping the most bitcoin core this Wednesday include Bitflyer FX, Binance, Bitfinex, Okex, and Coinbene. The top currency traded with BTC currently is tether (USDT) which captures 54.2 percent of trades. This is followed by USD (24%), JPY (11.3%), EUR (3.9%), and KRW (2.6%). BTC is seeing a daily loss of around 8 percent today but the coin’s market dominance among all 1600+ currencies is 49 percent.

Markets Update: Crypto-Prices Slide After SEC Announcement

BTC/USD Technical Indicators

Looking at the 4-hour BTC/USD chart on Bitstamp and Coinbase shows bears have a tight grip over markets right now. The chart’s two moving averages (MA) has the 100MA above the longer-term 200MA trendline which means things will likely stay bearish for the short term. However, RSI levels (24.5) show extremely oversold conditions and there could be a small uptick if prices sink lower. Order books show heavy resistance from the current vantage point up until $6750 if bulls can manage to climb that high. On the backside, foundational support is bountiful and moving back is going to take some time. If negative prices continue, there will be longer pitstops between $6,300 and $5,900 as there is solid support in this region.

Markets Update: Crypto-Prices Slide After SEC Announcement
BTC/USD Coinbase August 8, 2018.

Bitcoin Cash (BCH) Market Action

Bitcoin cash (BCH)Markets Update: Crypto-Prices Slide After SEC Announcement values have also dipped considerably since our last markets update as one BCH is trading for $604 at press time. This Wednesday, BCH has an overall market capitalization of around $10.5B and 24-hour trade volume is about $443M. The top five bitcoin cash trading platforms on August 8 include Coinex, Huobi, Okex, Binance, and Hitbtc. BCH is seeing a daily loss of around 14.2 percent and is the fourth highest market valuation among every coin in existence. The top currency swapped for BCH today is tether (USDT) with 54 percent of today’s BCH trades. Tether is followed by BTC (26%), USD (10.9%), QC (2.2%), and ETH (2.1%).

Markets Update: Crypto-Prices Slide After SEC Announcement

BCH/USD Technical Indicators

The 4-hour BCH charts on Bitfinex and Bitstamp indicate that BCH markets have seen better days. Now the 100MA and 200MA gap is much smaller on the BCH/USD 4-hour chart and it looks like the two may cross hairs soon. If they do cross hairs, this means the path towards the least resistance would be the upside but for now, it remains on the downside. RSI levels also show oversold conditions as the oscillator hovers around 21.4 at press time. Looking ahead at order books, BCH bulls need to surpass mega-resistance from now until $640 and after that, it may be easier to move northbound. If bears get their way, the fall to sub-$600 regions will hold decently between $590 through $530 for some time.

Markets Update: Crypto-Prices Slide After SEC Announcement
BCH/USD Bitfinex August 8, 2018.

The Verdict: Skepticism Increases as Prices Draw Closer to the Perceived Bottoms

Of course, now there are a bunch of traders calling for lower prices and most cryptocurrencies are nearing close to the bottoms they touched a few times already. For instance, BTC/USD spot prices have dipped three times to the $5,600-5,800 region but have not dropped lower than that yet.

Markets Update: Crypto-Prices Slide After SEC Announcement
The top ten cryptocurrency capitalizations on August 8, 2018, according to Satoshi Pulse.

Today’s verdict adds increased skepticism towards bullish prices in the short term, and most traders assume things will trade sideways for a while and values may slide a touch further. Questions still remain: Will crypto-prices stay above the last few bottoms or will they sink lower this time around?

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, and Satoshi Pulse.


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Black Hat Demo to Reveal ‘White Rabbit’ Crypto-Transaction Surveillance Tool

Black Hat Demo to Reveal 'White Rabbit' Crypto-Transaction Surveillance Tool

This week in Las Vegas there are two well-known events taking place dedicated to information security and the global hacking counterculture — Black Hat Arsenal and Defcon 2018. During the conference festivities, there will be a bunch of demonstrations showcasing all kinds of hacker tools, security services, and engineering studies. Two developers from the intelligence platform firm Trustar will be revealing a new ‘early warning system’ called White Rabbit that detects emerging ransomware campaigns that utilize the Bitcoin Core (BTC) network for ransom payments.

Also Read: A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks?

A New Blockchain Surveillance Tool Called White Rabbit Will be Presented at the World’s Largest Hacker Conference

Black Hat Demo to Reveal 'White Rabbit' Crypto-Transaction Surveillance Tool Right now, many tech-savvy enthusiasts, cyberpunks, and hackers are gathering in Las Vegas to attend two well-known tech-conferences: Defcon 2018 (Caesar’s Palace), and Black Hat Arsenal (Mandalay Bay). This year’s events will feature all types of mobile jailbreaking and rooting techniques, opsec methods, online certificate abuse, DDoS attacks, and drone technology, but only one demonstration that ties to cryptocurrencies. During the visit, people will be able to see a tool created by the intelligence platform Trustar’s lead developers, Olivia Thet (engineering) and Nicolas Kseib (data science), which tethers illicit ransomware crimes to bitcoin transactions. The tool is called White Rabbit and the developers claim it provides a “near real-time contextual awareness of a specific ransomware campaign.” Essentially White Rabbit monitors bitcoin transactions associated with these types of crimes allowing investigators the ability to tag specific transactions.

Black Hat Demo to Reveal 'White Rabbit' Crypto-Transaction Surveillance Tool

Clean and Dirty Addresses

According to the demonstration summary, White Rabbit is a three-part model that first starts by collecting BTC addresses and classifying them as “clean” or “dirty.”

“The second part is to test the classification models using this dataset and propose decision metrics to optimally pick a model. In this part, we will also discuss ideas about how to compute expensive, but important features obtained from transaction data stored on a graph database,” explains the Trustar developers.

In the third part, we will show how to use the obtained optimal model to predict if an address is “dirty”. Finally, we will discuss our challenges when solving this problem and propose solutions to overcome them.

The subject involving a company or entity monitoring a public blockchains and blacklisting or tainting bitcoin addresses is a very controversial topic among cryptocurrency proponents. Because of blockchain surveillance tools like White Rabbit, bitcoin transaction mixers and privacy-centric cryptocurrencies have increased in popularity over the years. However, Olivia Thet, the software engineer at Trustar, thinks the public should know who is coordinating these types of attacks.

“We’re fighting the wrong fight in trying to deanonymize the blockchain – we should be looking at the bigger picture instead,” said Thet. “Security analysts who are using Trustar are far more interested in how bitcoin wallet addresses are correlating with the other IOCs they’re tracking versus who is actually implementing the ransomware campaigns.”   

The Collection of Bitcoin Seed Addresses Involved in Illegal Activities

Black Hat Demo to Reveal 'White Rabbit' Crypto-Transaction Surveillance Tool Defcon demonstrations have always caught people’s attention when it comes to specific hacking tools. Last year at Defcon 2017 a group called Cryptotronix revealed a presentation to the audience that showed a few hardware wallet exploits. Cryptotronix had shown fault injection techniques, timing, and power analysis methods using the open source hardware tool the Chip Whisperer and the subject caused a big stir among crypto enthusiasts and hardware wallet manufacturers.

The White Rabbit creators say that the data science collected of “seed bitcoin addresses involved in illegal activities” can be used as a starting point for observers to create “dirty” address clusters reconstructed from the analysis. The White Rabbit demo will take place on August 9 at the Black Hat Arsenal, and then on August 11 at the Defcon Recon Village. Trustar’s Nicolas Kseib explains as ransomware and malicious cryptocurrency malware grows exponentially throughout our online lives, the security community needs to up their game.     

“As the blockchain evolves and potentially plays a bigger in cyber-attacks, the security community will have to dramatically rethink the current concepts of tracking adversaries,” the lead data scientist at Trustar, Nicolas Kseib concludes.

What do you think about the White Rabbit tool? Let us know what you think about this tool in the comment section below.


Images via Shutterstock, Trustar, Blackhat, Defcon, and Pixabay.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Markets Update: Bears Claw Billions Off Digital Currency Valuations

Markets Update: Bears Claw Billions Off Digital Currency Valuations

Cryptocurrencies tumbled once again today in value as a great majority of digital assets are seeing losses this Saturday. Since our last markets update the entire digital currency economy shaved another $15 billion off the market capitalizations of all 1,600+ cryptocurrencies. Alongside the dreary prices, trade volumes have also been lackluster, leading many individuals to believe there may be more dips to come down the line.

Also read: High Times Becomes the First IPO to Accept Cryptocurrencies

Cryptocurrencies Fall in Value Once Again This Weekend

A bunch of the top digital assets took a hit again today after a bit of consolidation and while other coins nurtured the wounds suffered from the last dip on August 1. During the past four days, the entire market valuation of all the digital currencies in existence has lost $15Bn USD. At the moment bitcoin core (BTC) markets are hovering just above the $7,000 mark after dropping earlier today from $7300 down to $6926 very quickly. During the first hour of August 4, bitcoin cash (BCH) values were around $731 per BCH, but at the same time all the other cryptocurrency markets dipped, BCH followed suit by dropping down to $692. At the moment BCH is hovering around $696 per coin. The other currencies in the top five market capitalizations ETH, XRP, and EOS have also seen losses over the last 24-hours between 2-4 percent.

Markets Update: Bears Claw Billions Off Digital Currency Valuations
Tether (USDT) takes the ninth position on Saturday, August 4, 2018.

Bitcoin Core (BTC) Market Action

Today bitcoin core markets have lost around 5.4 percent and over the last seven days 14.9 percent in value. Right now the most traded pair with BTC this Saturday is tether (USDT), commanding 51 percent of trades. This is followed by USD (25.8%), JPY (13.2%), EUR (3.6%), and KRW (2.6%). The top five exchanges swapping the most BTC include Bitflyer FX, Binance, Bitfinex, Coinbene, and Okex. Bitcoin core’s entire market valuation at the time of publication is $121B, and over the last 24 hours, there’s been $4.2B worth of BTC traded. The top cryptocurrencies traded on the peer-to-peer platform Shapeshift is ethereum (ETH) for BTC and the coin’s dominance rating amongst all other market valuations is 47.7 percent.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

BTC/USD Technical Indicators

Looking at the hourly and 4-hour BTC/USD charts on Coinbase and Bitstamp shows bulls are trying to push ahead but are failing to surpass heavy resistance. 4-hour RSI levels are showing oversold conditions at press time (24.12) while the MACd looks like it may continue heading southbound. The MA 100 is well above the MA 200 trendline which gives traders another indication that the path towards the least resistance is the downside. Unfortunately for BTC and a large majority of other top performing digital assets, there are many signs the price could go lower if bears continue to break down support levels. Order books show BTC bulls would need to muster up the strength to surpass $7,100 through $7,300 but even then the upward battle continues. On the backside, there’s massive support holding all the way until $6,700 but support after that is still pretty hefty until right around $6,300.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

Bitcoin Cash (BCH) Market Action

At the moment bitcoin cash (BCH) markets are down 3.9 percent today and over the last seven days 15.8 percent in value. BCH volume has jumped a hair as the cryptocurrency today is capturing the fourth highest trade volume above EOS. The biggest pair swapped with BCH today is tether (USDT) which captures 53.5 percent of bitcoin cash trades. Other currencies that follow include BTC (33.3%), USD (5%), ETH (2.9%), and QC (2.3%). The top trading platforms exchanging the most BCH include Coinex, Okex, Binance, Huobi Pro, and Hitbtc.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

BCH/USD Technical Indicators

Looking at BCH/USD charts on Bitstamp and Bitfinex show things have definitely been grim over the last 24-hours. Just like BTC/USD bears are pushing the BCH/USD market as well making certain their presence is here. Most traders have their eyes glued to that 200 moving average (MA) support level as bulls must reject any new lows in order to proceed upward. However much like BTC, the 100 MA is above the 200 MA showing another downside push could easily take place. RSI levels (4-H/ 32.24) are oversold at the moment which means prices could have a slight reversal and the 4-hour MACd is meandering very low at press time. Traders can see that order books show there is heavy resistance for BCH traders all the way until $740 which will give bulls a short break until they hit huge resistance just before $800. There’s plenty of support for BCH until $625 and there is good foundations beneath the sub-$600 zone.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

The Verdict: Skepticism and Doubt Remains

As our previous markets update confirmed the stormy seas are not over within the world of cryptocurrency markets at the moment. Things have been volatile in crypto-land, to say the least, and there have been a few surprising dips over the last week. The verdict this weekend is even more skepticism and doubt unless there’s a sudden turn around soon. On the bright side, there have been a lot of long contracts stacking up on leverage exchanges, showing some are betting on a reversal alongside the fact there is strong buy support in these regions for most digital assets.

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, and Satoshi Pulse.


Want to create your own secure cold storage paper wallet? Check our tools section.

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Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

Mt. Gox, the defunct and disgraced bitcoin exchange (at one time the biggest in the world) is preparing a final chapter in a long, sorted ordeal. Creditors have coalesced around a repayment scheme to make victims whole. It includes what might amount to $1.3 billion in returned bitcoin cash (BCH) and bitcoin core (BTC) as early as summer of 2019.

Also read: Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton

Mt. Gox Creditors Outline Plans for Repayments by Summer of Next Year

The civil rehabilitation plan, a legal maneuver short of formal bankruptcy within the Japanese system, has been updated this August, relating to Mt. Gox and making victims whole. In an announcement published recently, creditors revised policy to better reflect feedback from the previous iteration.

Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019
Mark Karpeles of Mt. Gox back in 2014

The revision includes how formal repayment to victims will be in bitcoin cash (BCH) and bitcoin core (BTC) through existing accounts on various exchanges or pre-approved, newly opened accounts. “We think it desirable that the BTC and BCH be sent to exchanges in which many creditors have accounts or can open accounts easily,” creditors clarified.

Another sticky issue seemingly resolved, at least for now, is that of fiat paper, cash. Gox still holds residual cash from previous sales, and creditors wish that repaid to who they term “monetary creditors” first.

168,000 in BCH and 160,000 in BTC

Alternative coins to either BCH or BTC are no longer being considered in the creditors’ repayment scheme. Differing selections of alts, their notorious volatility, all conspired against their usage in this matter. Creditors describe the notion as “unrealistic.” True too would be such a dump on broader altcoin markets. “There is a possibility that the sale of the altcoins by the trustee would cause a sudden fall in the price of altcoins and security problems may arise if the trustee moves the altcoins. Therefore, the trustee should proceed with the sale of altcoins with careful consideration of these matters,” Gox creditors insisted.

Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

The August statement details how 168,000 in bitcoin cash and 160,000 in bitcoin core, combined with Gox “derivatives” will be paid by the trustee, summer of next year, assuming the rehabilitation is formally approved (which seems likely). The overall resolution plan itself appears to be lagging, and so it is suspected to be submitted by mid February of next year. Depending on the price, of course, payouts could be worth well north of $1 billion, akin to $1.3 billion as of this writing. 

Mt. Gox was at one point the world’s most popular bitcoin exchange, accounting for a supermajority of BTC’s volume just four years ago. It eventually went bust after 744,000 bitcoin core vanished. Creditors have spent years trying to recover losses. Last year, they petitioned Japanese bankruptcy officials to allow the case be settled in civil rehabilitation. The court eventually granted the request summer of this year. The trustee, Nobuaki Kobayashi, held over 200k bitcoin, liquidating some 30,000 by spring. The rehabilitation plan under Mr. Kobayashi won’t have to liquidate assets such BCH and BTC going forward. Creditors will be formally advised of claim procedures most likely this month.

What do you think should be done with Mt. Gox’s left over crypto? Let us know in the comments section below. 


Images via Pixabay. 


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The post Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019 appeared first on Bitcoin News.

Report: Mood About Crypto Markets Changes Two Months After Trends

Report: Mood About Crypto Markets Changes Two Months After Trends

It takes about two months for the public sentiment to adjust to new trends in the cryptocurrency markets. That’s according to a recently published report whose authors have examined the changes in the opinions of thousands of active followers of crypto markets over a period of nine months. They found that the collective mood can be bullish long after a downward trend has started.

 Also read: Boerse Stuttgart to Host Crypto Trading and Coin Offerings

Optimistic Mood Persists Despite Decline in Prices

Report: Mood About Crypto Markets Changes Two Months After TrendsInvestors, traders and market watchers need two months to adjust to new long-term trends in the cryptocurrency markets, a study conducted by the fintech company Cindicator has revealed. For example, one of the key findings is that in January and February of this year the collective mood was still bullish and most participants were forecasting growth, despite a clear downward trend. Sentiments changed in March after the total capitalization had already fallen below $300 billion during the previous month.

The “Collective Crypto Mood Swings” report is based on data from over 111,000 users of Cindicator’s mobile and web applications that allow them to make daily forecasts about a range of digital and traditional assets. They are asked almost 200 questions every month about the likelihood of certain events and are granted points for correct predictions but lose points in case of incorrect answers. At the end of each month, the “analysts” are rewarded in ETH if they have earned at least 1 point. The survey covers the nine-month period between September 2017 and May 2018.

The company also claims that 5,000 traders and investors are using indicators created by combining collective forecasts based on the opinions of these subscribers who come from more than 135 countries and are active followers of crypto markets from different age groups and backgrounds. Their inputs are enhanced by AI using machine learning algorithms and a neural network to produce predictions with high accuracy.

Report: Mood About Crypto Markets Changes Two Months After Trends

According to the authors, the expectations regarding crypto markets change similarly to those about other asset classes. It took investors 60 to 100 days on average to adapt to a new long-term trend in the markets of the different assets they were asked about. The researchers also found that the higher volatility leads to greater mood swings. They’ve provided an example with ethereum, noting the strongly polarized public view of the cryptocurrency in March when the price of ETH in US dollars dropped by more than 50%.

Bullish on BTC and ETH Months After the Peak

Cindicator reports that in the studied period the median opinions remained positive for both bitcoin core (BTC) and ethereum (ETH). More fluctuations were registered in the case of ethereum, while the median mood for bitcoin core remained consistent, despite the significant market ups and downs between September and May.

Report: Mood About Crypto Markets Changes Two Months After Trends

The analysis of the forecasts shows that the public was highly optimistic about the future of bitcoin (BTC) for two months after the leading cryptocurrency reached its peak of almost $20,000 in December, 2017. Then the distribution of opinions became more balanced in March, long after the four-month decline had started.

The situation with ethereum looks pretty similar. The polled subscribers were highly optimistic in February after the USD price of ETH peaked at $1,400 in January. In both cases, opinions were most positive during the months with the highest volatility: December, January and February. According to the report, this is likely due to expectations of mean reversion after the big drops.

Report: Mood About Crypto Markets Changes Two Months After Trends
Changes in opinions and prices.

The data for May, the last month covered in the study, shows that optimism for ethereum had returned to the levels recorded in February, while the mood about bitcoin core remained subtle as the price of BTC dropped to the low $7,000s. Ether markets were again volatile while the volatility of the bitcoin core markets dropped to its lowest level since September. Cindicator analysts have interpreted that as an indication of the new perceived norm – the range between $7,000 and $8,000.

What are your expectations about the future of crypto markets? Tell us in the comments section below.


Images courtesy of Shutterstock.


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

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Boerse Stuttgart to Host Crypto Trading and Coin Offerings

Boerse Stuttgart to Host Crypto Trading and Coin Offerings

Boerse Stuttgart is going deeper into crypto. The German stock exchange is planning to set up a new trading venue that would allow the exchange of tokens from the ICOs it wants to host, as well as established cryptocurrencies. Custody services will also be offered to crypto investors.

 Also read: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS

Trading Venue, ICO Platform and Crypto Custody

Germany’s second largest stock exchange, Boerse Stuttgart, is expanding its crypto-related investments. It has announced intentions to create a “multilateral regulated trading venue” for cryptocurrencies with safe storage services for digital assets. The Boerse also intends to develop a new platform for conducting Initial Coin Offerings (ICOs).

Boerse Stuttgart to Host Crypto Trading and Coin OfferingsThe news about these plans comes after earlier this year the exchange said it was developing a new cryptocurrency trading app called Bison which is expected to offer fee-free access to crypto investment. According to previous reports, the German version of the software is scheduled to be released this fall and will be followed by an English version shortly after. The app will initially support pairs with BTC, ETH, LTC, and XRP.

Boerse Stuttgart now wants to extend its crypto-related activities to the primary and secondary markets, Finextra reported. That involves the creation of the ICO platform which will allow the issuance of digital tokens used for either corporate financing or to represent rights and assets.

All Under One Roof

The exchange is also preparing to establish the regulated trading venue where the coins of the hosted ICOs will be traded in parallel with leading decentralized cryptos such as bitcoin core (BTC) and ethereum (ETH). Custody services will be provided to participating traders and investors. Speaking about these important developments, the Chief Executive Officer of Boerse Stuttgart, Alexander Höptner, said:

At the trading venue tokens issued via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. At the same time, we are responding to demand from both retail and institutional investors for a regulated and reliable environment for trading cryptocurrencies.

According to further comments by Mr. Höptner, all this will allow the exchange to offer “central services along the value chain for digital assets, all under one roof.” The announcement of the new projects follows last year’s establishment of a “Digital Ventures” unit and the subsequent acquisition of local data analytics startup Sowa Labs. The subsidiary is currently developing the Bison crypto trading app claimed to be the first that has the support of a major traditional stock exchange.

Boerse Stuttgart to Host Crypto Trading and Coin OfferingsBoerse Stuttgart is the second largest stock exchange in Germany, after Frankfurter Wertpapierbörse, and the ninth largest in Europe. So far, Germany has treated carefully cryptocurrencies and the related industry. In the Bundesrepublik, cryptos are not subject to VAT when exchanged with fiat, and profits from long-term crypto investments are exempt from capital gains tax.

Do you think other traditional financial institutions in Germany will follow Boerse Stuttgart’s example and expand operations in the crypto space? Share your expectations in the comments section below.


Images courtesy of Shutterstock.


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post Boerse Stuttgart to Host Crypto Trading and Coin Offerings appeared first on Bitcoin News.

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

Over the last day, BCH proponents have been celebrating the ‘Bitcoin Cash Independence Day’ which marks the anniversary of the August 1 blockchain split that took place a year ago. During festivities, the BCH community sent a ton of transactions over the course of the day and on August 1, 2018, the Bitcoin Cash network processed 687,000 on-chain transactions. The metric outpaced Bitcoin Core’s (BTC) daily transaction record by over 200,000 transactions showing the world some of the benefits of a chain that utilizes larger blocks.

Also Read: Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax

BCH Miners Process 687,000 On-Chain Transactions

Bitcoin Cash fans are celebrating an extremely productive year as over the last 365 days the BCH network has had many milestones. One significant watershed moment was the number of transactions processed yesterday, on August 1, 2018, as the decentralized cryptocurrency processed over 197,000 transactions more than BTC’s record setting day (12-14-17) of 490K. The Bitcoin Cash network handled a whopping 687,000 transactions yesterday and a great majority of transactions were sent with a network fee of less than 1/5th of a US penny. Meanwhile, the Bitcoin Core (BTC) network processed 240,000 transactions (tx) yesterday and the average fee sent was $0.67 cents per tx.

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

Not the Official Stress Test

Some people assumed a large amount of transactions stemmed from the Stress Test Day developers as the stress test will begin on September 1st. However, the development team’s official Twitter account says the enormous amount of transactions sent on August 1 wasn’t from them.

“Just be clear folks the past 24 hours we were NOT stress testing the BCH network,” explains @Stresstestbch.

We were simply testing the scripts to be used to stress test the BCH network scheduled for September 1st 2018 12:00 UTC. Although we did prove BCH can scale on-chain unlike BTC.

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st
Bitcoin Cash proponents have shared lots of BCH vs BTC comparison charts on Reddit and Twitter the day after August 1.

The Mempool That Doesn’t Cry “Spam”

Of course, Bitcoin Cash fans were thrilled to hear the news about the number of transactions processed as people shared many pictures of Johoe’s Mempool statistics and the 8-bit websites TX Street and TX Highway. In addition to the transaction count, there were many large blocks processed by Bitcoin Cash miners. For instance, Viabtc and an unknown mining pool verified blocks that were 3MB, 6MB, and 8MB in size. As each block was verified the transactions pending in the mempool cleared with one fell swoop.

The Bitcoin Cash Network Processed 687,000 Transactions on August 1st
BCH and BTC blocks processed on August 1, 2018.

687,000 transactions in one day is quite the feat and with the average transaction fee of around $0.003 per tx and the median around $0.002 per tx its safe to say that BCH can perform under pressure. One individual on Twitter explains that a healthy mempool that gets tons of transactions thrown at it and experiences no issues is a bit different than what took place with BTC this past December.    

“This is what a healthy mempool looks like when it is getting half a million TXs thrown at it —  The mempool doesn’t cry “spam” and throw its ball down and leave the playground,” explains Mr. Scatman.   

Incoming spikes get processed by the BIG BLOCKS and the chain keeps trucking.

What do you think about the 687,000 on-chain BCH transactions processed yesterday? Let us know your thoughts on this subject in the comment section below.


Images via TX Highway, Bitinfocharts.com, Reddit, Blockchair, and Twitter.


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Check Which Coins You Can Spend With Debit Cards and Why This New Project Chooses BCH

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCH

Recently, we covered some of the most popular debit cards used for crypto payments and we’d like to tell you more about the cryptocurrencies they support. Most of these cards are issued by well-known names in the space, but a new project is now offering you fast and cheap transactions with BCH – a feature that makes the use of crypto cards much more attractive.

Also read: Bitcoin (Almost) Everywhere: Bitcoin Debit Cards Worth Checking Out

Fuzex Chooses BCH as Base Currency

Let’s start with the news in the sector: Fuzex, a global cryptocurrency payment card project, has just announced it’s adding bitcoin cash (BCH) to its card. The decision comes after evaluating the strong features of the BCH network: fast transaction speeds and low fees. Fast, cheap and reliable payments is exactly what makes Bitcoin Cash popular with online merchants and payment processors. The Fuzex team is introducing BCH after signing a partnership agreement with Bitcoin.com. Bitcoin cash (BCH) is replacing bitcoin core (BTC) as the base currency on the Fuzex platform. The company explained:

By aiming to boost the applicability of cryptocurrencies in real transactions, BCH was naturally selected to be among the first cryptocurrencies supported on the Fuzex card. The fairly low BCH’s average withdrawal fee, combined with the fact that the cryptocurrency is currently one of the major coins, convinced us to support BCH and to replace BTC with BCH as a default cryptocurrency in the Fuzex card.

Fuzex notes that BCH addresses two major issues that can have a negative impact on Fuzex cardholders: high transaction fees and slow transfer times. “Given that, the team has considered that BCH would be a more appropriate default coin for Fuzex card at launch,” the company added.

The new card will also support the Fuzex token (FXT) and ethereum (ETH). FXT is the platform’s own token around which the payment ecosystem will be structured. It will offer users a new and convenient payment channel with low fees. It comes with increased daily usage limits and reduced ATM withdrawal fees. The third supported crypto, ethereum (ETH), has been chosen as it is one of the most frequently used cryptocurrencies that also has a lower combined network fee than BTC. Fuzex hopes to add other coins in the future compatible with its platform and philosophy.

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCH

The Fuzex card, which offers users the opportunity to check their balance in real-time, will be released in the third quarter of this year. The plastic is NFC payments enabled and comes with an EMV chip, barcode display, and a rechargeable battery that lasts up to 30 days on a single charge. It can hold various type of cards – credit, debit, and prepaid – as well as store membership cards with QR code and barcode. The platform offers a Fuzex Wallet that can be installed on a mobile device and used to add and manage payment cards. It comes with some useful security features like 2FA and a tracking function for locating lost or stolen cards. The physical card can be acquired with FXT tokens, already available at Hitbtc, Cobinhood, Coss.io, and livecoin.net.

“Fuzex offers a cryptocurrency payment solution that provides a smarter way to pay. Our project aim is to make paying with cryptocurrency easier, faster and more convenient at any retail stores without changing any infrastructures,” Alex David, Overseas Business Development Manager at Fuzex, told news.Bitcoin.com. “With the advanced technology of the Fuzex card, cardholders can check the balance and exchange rate of their cryptocurrencies and select the cryptocurrency to be used for the payment through the e-paper display. Through the Fuzex card, we want to generalize the use of cryptocurrencies by making their use convenient in the real life,” Mr. David emphasized.

Wirex Adds XRP, Supports Deposits in 50 Coins

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCHA popular choice for bitcoiners in Europe is the payment card offered by Wirex. The company was the first to reintroduce crypto debit cards on the Old Continent after they were suspended by Visa last year. Wirex started shipping its plastic cards to customers in the UK and Europe in May. The plastic cards come with a chip and support bitcoin core (BTC), litecoin (LTC) and instant currency exchange with GBP, USD, and EUR. The virtual Visas offer the opportunity to make deposits in over 50 digital coins through the Wirex wallet.

This month, Wirex announced it’s adding support for ripple (XRP). Customers can now buy, sell, exchange and deposit the altcoin using the Wirex wallet. That means they can also spend ripple both in stores and online. The company said it registered over $2 million worth of XRP deposited into the wallet which is connected to its Visa cards in just 12 hours. Wirex has also reported having 1.5 million users and announced a transaction volume of approximately $1.7 billion USD.

A nice feature of the Wirex cards is the Cryptoback rewards program. Under its terms, users earn back 0.5% of their transactions in bitcoin (BTC) any time they use the payment card in-store by swipe, chip and pin or tap and go. This crypto cashback is accrued in a separate Wirex wallet within the app and can be instantly redeemed for GBP, EUR or USD.

Spend Both BCH and BTC with Bitpay

BitpayCheck Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCH is a leading crypto debit card provider across the pond. Currently, it allows users to spend bitcoin cash (BCH) and bitcoin core (BTC). Although issued only to US residents, the Bitpay card is accepted online and by all Visa merchants and Visa compatible ATMs around the world.

Bitpay added bitcoin cash (BCH) support to its Checkout point-of-sale (POS) mobile app in April. This allowed retail stores using Bitpay to enable payments from clients to generate BCH payment codes on the spot using a phone or a tablet.

Other Popular Alternatives

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCHShift, branded as “The First U.S. Bitcoin Debit Card”, allows users to connect to their Coinbase accounts. Its availability depends on the availability of the services offered by the US-based crypto exchange, which currently includes 32 countries. Shift offers a Visa card which works everywhere Visas are accepted, offline, online, and internationally. It allows for cash withdrawals at ATMs as well. Coinbase currently supports bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), with plans to introduce support for ethereum classic (ETC). Recently, the trading platform announced it is “exploring the addition of several new assets”: cardano (ADA), basic attention token (BAT), stellar lumens (XLM), zcash (ZEC), and 0x (ZRX).

The prepaid Cryptopay card is available for free worldwide delivery and comes in both plastic with chip and pin and virtual variants. The platform accepts bitcoin core (BTC) along with several fiat options – British pounds, US dollars, euros, and offers a BTC wallet. The card should be accepted anywhere major cards are, and it works online, offline and internationally.

Revolut offers another option for residents of the European Economic Area and Switzerland. The digital bank works with a number of crypto exchanges and initially offered support for BTC, ETH and LTC through its prepaid debit card. In May, the UK-based company added bitcoin cash (BCH) and ripple (XRP) providing a simple explanation for the decision – their popularity with the Revolut community.

Which debit card do you use and what cryptocurrency do you prefer to spend? Tell us in the comments section below.


Images courtesy of Shutterstock, Fuzex, Wirex, Bitpay, Shift.


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