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Showing posts from October, 2019

Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Will the price of bitcoin double or crash during the upcoming halving next year? And how will the mining industry adapt to their revenue stream being cut in half over night? See what professional miners from around the world have to say on the matter. Also Read: US, EU and UK Companies Can Now Pay Workers in Bitcoin Cash via Bitwage Miners Talk Bitcoin Halving 2020 The Bitcoin.com team has recently talked with ten prominent people from the crypto mining industry about the upcoming halving at the World Digital Mining Summit 2019 in Frankfurt. Some think that it might cause miners’ revenues to crash, others think prices will quickly rise to compensate for the diminished rewards, all agree it will be a pivotal event for the industry. The full list of mining experts interviewed in the video includes: Marco Streng, CEO of Genesis Mining; Thomas Heller, F2Pool Global Business Director; Sean M. Walsh, CEO & Chairman of the Board, Hyperblock Inc; Dr. Mervyn G. Maistry, Board Member
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Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?

Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly being praised with smooth talk from central banks and policymakers as the answer to the world’s problems, paving the way for the next global downturn–possibly even a major economic meltdown. Also Read: More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses Sticks and Stones May Break My Bones But Words Make It Less Painful In George Orwell’s classic dystopian novel 1984, the political language called Newspeak existed “not only to provide a medium of expression for the world-view and mental habits proper to the devotees of Ingsoc [the novel’s dystopian political system], but to make all other modes of thought impossible.” Pol
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Korean Presidential Committee Pushes to Legalize Crypto

A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes for Crypto Legalization The South Korean Presidential Committee on the Fourth Industrial Revolution (PCFIR), directly under the president, has made several recommendations regarding the country’s cryptocurrency regulation. The PCFIR coordinates policies and reviews matters pertaining to the national master plans and strategies related to the “fourth industrial revolution,” which refers to a highly connected economy supported by advances in areas such as blockchain, 5G, artificial intelligence, big data, and the internet of things. At the committee’s global policy conference in Seoul on Oct. 25, PCFIR Chairman Chang Byung-g
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US, EU and UK Companies Can Now Pay Workers in Bitcoin Cash via Bitwage

Getting at least partially paid with cryptocurrency is a great way to enter the digital asset market without having to do any trading. If you are looking to earn your favorite crypto asset, Bitwage now allows American, European and British companies to pay workers in bitcoin cash following demand for more payment options. Also Read: Binance to Add Bitcoin Cash to Its Decentralized Exchange You Can Now Get Paid With Bitcoin Cash International cryptocurrency payroll and human resources service provider Bitwage has recently announced the launch of bitcoin cash payrolls. This means that anyone working for a U.S., EU or U.K. employer can now receive a portion of their wage in BCH by signing up to the service. Companies can also sign up to fund payrolls in BCH or to offer BCH to their employees and freelancers. Earlier this year the company expanded beyond just BTC by launching support for ETH payrolls. Shortly after that it took a customer survey to learn what else its users wa
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The Xi Effect – Chinese Government to Fund Blockchain Projects

Chinese President Xi Jinping’s announcement that the country would invest heavily in blockchain technology – coupled with a sweeping move to remove online posts suggesting such technology is a scam – has nourished optimism long-held by crypto advocates. Of course, the reality is that China’s marked shift towards pro-blockchain policies is part of a much wider trend which has seen Asian multinationals and governments embrace the considerable potential of distributed ledger technologies. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain A Two-Year Turnaround President Xi’s announcement centered on the creation of a state-backed digital currency (a stablecoin tied to the renminbi), an idea which has been gestating since the country’s central bank started exploring the possibility as far back as 2014. With the dawn of a new decade, a law will come into effect on January 1 with the aim of “facilitating the development of the cryptography business and ensuring t
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Satoshi’s Final Messages Leave Tantalizing Clues to His Disappearance

As Jameson Lopp once quipped, the smartest thing Satoshi did after creating Bitcoin was to disappear. The question isn’t ‘why did Satoshi disappear?’ but rather ‘why then?’ Was Satoshi’s departure in early 2011 scheduled long in advance, or did unforeseen events compel Nakamoto to pack his bags and flee the community he had founded, never to return? Several credible theories abound. Also read: Why a VPN Is the First Layer You Should Pull On When Browsing the Web Theory 1: It Was Planned All Along Satoshi Nakamoto was a methodical and meticulous man. That much we can ascertain from his writings. He doesn’t seem the sort to wake up one morning and YOLO his way out of the community he created. Knowing there would be no coming back once he’d made the decision to leave, Satoshi may have had his departure scheduled months or even years in advance, and worked diligently to that deadline. If so, it would explain why his last forum post was a typically business-like despatch, leaving parti
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Argentina’s Example Shows That You Don’t Own Your Money

Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank account and $100 via cash monthly. As protests continue to mount worldwide, the signs don’t look good for fiat money or the people who hold it. Also Read: Low Interest Rates Are Crushing Young People and Fueling Global Riots In the Name of Saving Central Banks Unlike a normal business in the private sector, government organizations and the institutions embedded therein are often immune from market consequence. This fact was possibly hinted at by the creator of Bitcoin himself when he included the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” in the genesis block . The Argentinian central bank crackdown on USD pur
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Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem

The London-based exchange Cryptophyl is a trading platform focused on the Simple Ledger Protocol (SLP) and bitcoin cash ( BCH ) ecosystem. On October 29, the exchange announced the launch of the first fiat on-ramp to obtain well-known SLP tokens. Also read: Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq Purchasing SLP Tokens With Fiat Cryptophyl.com has revealed the public can now purchase SLP tokens using fiat via credit cards, debit cards, and Apple Pay. The Cryptophyl team is collaborating with the payment processor Moonpay in order to facilitate the fiat on-ramp. The SLP token ecosystem has grown quite mature this year and thousands of tokens have been created using the BCH network. Data reveals there’s been 5,400 SLP tokens minted since the inception of the protocol and a slew of tokens have been listed on exchanges. Cryptophyl launched in August and initially offered spice (SPICE) trading with bitcoin cash but the trading platform now has honestcoin (USDH)
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