Localbitcoins is buying and selling the platform for Bitcoins. It provides a facility where users can interact with each other on a personal level and trade Bitcoins with each other. It can be rightly called as a peer-to-peer trading site. The company started in 2012 by Nikolaus Kangas. Its headquarters are in Helsinki Finland. The company also has media coverage on big platforms such as Forbes and Business Week.
Source of the Article: LocalBitcoins
On Aug 26, a latest news announced twitted by Shapeshift and FARAD cryptocurrency. Find the detail information regarding these platforms.
What is QTUM?
Qtum is the world’s first digital currency that can execute smart contract. As it is a part of an Unspent Transaction Output, using a Proof-of-Stake model.
It is such a platform which gives a quick swap between assets. It is revolutionary part of the cryptocurrency ecosystem. As mentioned above, today it is declares that it now supports QTUM in which can buy or sell $QTUM along with digital assets. Therefore, the best thing is that user doesn’t require to create any account to access this.
Know more here: https://goo.gl/kZRzHs
BX Thailand is cryptocurrency exchange, which started in 2013. Bitcoin.Co.Ltd operates BX Thailand. The company allows the exchange between both crypto-to-crypto and crypto to fiat currency.
The most popular crypto currencies on this platform are ETH, DAS, BTC, DOG, FTC, HYP, and LTC etc. As far as fiat currency is concerned only Thai Bhat is applicable for now.
BX Thailand operates two more websites i.e. websiteBticoin.co.th and CoinPay.in.th. This maintains transparency with its crypto community by displaying the total balance and assets available. A user can rely on this platform when comes to investing in digital currency.
Source of the Article: About BX Thailand
Tadge Dryja, creator of Lightning Network is developing an experimenting tool: Splitter. He hopes that it will be helpful for Bitcoin users safely claim their new creation Bitcoin cash.
New Cryptocurrency: Bitcoin cash
On August 1, mining pools and a group of users who didn’t agree with Bitcoin who disagrees with Bitcoin’s technical direction split off to create new cryptocurrency, Bitcoin cash. Because, the way it “forked” from the blockchain, many users of Bitcoin at the time now left with an equal amount of this cash and those funds are tied to their existing wallets.
Read full article here: Tadge Dryja is working on Splitter - Latest on Bitcoin Cash
Bitconnect is a peer to peer Bitcoin community where every member can have direct interaction with each other. It enables user buy, sell or lend operations via their personal Bitcoin accounts.
Though there is no information on who owns, where the company is based at and who operates the business but the domain was registered on 9th February 2016 privately as “bitconnect.co”.
What are the products / Services of Bitconnect?
Pretty clear, there is no specific product or service of Bitconnect to offer its affiliates and customers. Rather it works on Networking system, Multi-level Marketing, and membership.
Source of the Article: Bitconnect Review
Bitconnect website gives user detail information about Bitcoin, Bitcoin news, Bitconnect news, tutorials in the form of articles. Although, these articles assist audience understand how the system will work and how to earn money with Bitconnect. Though website structure and content provided is quite complex for new investors and members due to matrix presented on a website. Further, they will be familiar after a while.
Source of the Article: Bitconnect Review
Livecoin exchange is a universal platform for cryptocurrency. This exchange platform majorly deals in Bitcoin and Litecoin along with other digital currencies. The interface of Livecoin is intuitive and simple which makes it easier for the traders at the beginners level. On the other hand, the experienced traders can explore the multiple tools available for market analysis.
This platform is both convenient and affordable as the transaction fee is really low. There are multiple payment options available for the users such as Visa, Master Card, Perfect Money, Swift, Capitalist, Payeer, and Ok Pay. Thus, a user has both choice and convenience of funding the Livecoin account.
Livecoin is one of the major players in Bitcoins. Bitcoins is considered to be one of the most valuable assets. Bitcoins is the next generation financial system, which is expanding globally and accepted as a payment mode in most of the places such as super markets, online stores, gaming zones etc.
Source of the Article: About Livecoin
About Jubi exchange
Jubi is one the most efficient Chinese exchange that deals in digital assets such as crypto currency and virtual currency. The company started in 2014 and is operated by Beijing Zigong Technology Co. Ltd. The team at Jubi is highly experienced and has expertized in virtual currency.
The trading engine at Jubi is fast and efficient which leads to a quality trading experience for a user. The company provides 24*7 assistance to its customers regarding any queries that a user may raise. Jubi has a team of professional customer service that solves queries related to any market, trading or exchange service. For VIP’s the platform provides one on one service
Read Out more here: https://coinpedia.org/exchange/jubi
Exmo is a crypto currency exchange that works on the concept of Blockchain technology. The exchange supports many cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, Dash, and Ethereum etc. The fiat currency acceptable on this platform is USD, EUR, RUB, and UAH. The website can be accessed in 11 different languages which benefit the users who have joined the platform from different countries.
A user can trade in either crypto-to-crypto or crypto to fiat currency. The exchange has on boarded almost 500,000 users from over 200 countries so far for trading and exchange.
Read out here: https://coinpedia.org/exchange/exmo/
Chbtc is a Chinese exchange, which is one the simplest yet trustworthy platform for the digital enthusiast. The company started in 2013 by a group of young entrepreneurs with an aim to provide a safe and efficient digital asset exchange. The company has partnered with btc123.com, Bitkan, ETC, Ethfans, Coin desk.
The team has mostly either technical or financial background and has succeeded on boarded five million users. The technical team is highly experienced in R&D and operations with an international perspective. The company is currently operated by Beijing Jixingbao electronic commerce Co. Ltd.
The trading occurs between both crypto-to-crypto and crypto to fiat currency. Crypto currency used on this platform is mostly Bitcoin, Ethereum, which the fiat currency is Chinese Yuan. Chbtc provides 24* 7 assistance to all its users. The customer service is quick and offers an immediate solution to any query raised by the user.
Source Article: About CHBTC
To have successful trade and maintain the economy of the market it is very important that the money circulates in the market. Different countries use different currencies, same as electrical exchange money or white money. Therefore, to exchange the foreign currency we use cryptocurrency. The meaning of cryptocurrency is electrical exchange money which is used for foreign currency exchange. It is the open source of bitcoin and the cryptocurrency community platform.
This cryptocurrency offers multiple opportunities for the investment. To gain profit in business and develop the trade we need to invest our money without stress and tension. The cryptocurrency gives us chance for multiple investments. Well, bitconnect the open source of bitcoin and cryptocurrency helps to organization and share market to develop the business and gain profits.
Source Article: Information About Bitconnect Coin
In the mid-August 2017, the Australian government has introduced legislation in order to regulate cryptocurrency exchange in the country.
However, the bill creates a portion of Government plan that is to intensify the country’s Anti-Money Laundering and Counter Terrorism Financing Act and also to Reinforce AUSTRAC’s authority (Australian Transactions and Reporting Analysis Centre.
Sorce of article: https://coinpedia.org/news/australiangovernment-regulate-cryptocurrency-exchanges/
HitBTC is one of the most advanced exchange platforms that started in 2013. The platform supports the crypto currency, ICO’s, tokens and fiat currency. Fiat currency includes only USD and EUR. This company was started by a group of professionals such as software developers, the finance executives, and experienced traders.
Features of HitBTC exchange
The features of HitBTC are exceptional and hold a lot of significance when it comes to trading and exchange. The company provides great liquidity for the most popular trading pairs. For the trusted customers, there are no limits when it comes to deposits and withdrawals.
Source of the article: About HitBTC
Australian government proposes new anti-laundering and counter-terrorism financing laws in which Bitcoin exchanges will be regulates.
Australian Transactions and Reporting Analysis Centre (AUSTRAC), the power of the new laws will be reinforces. It has been in the headlines for claiming the Commonwealth Bank of Australia (CBA.AU) penetrated the nation’s anti money laundering and extremism financing laws by not accurately reporting transaction through its intelligent ATMs.
Read more here: https://coinpedia.org/news/australia-determination-crack-bitcoin
Shapeshift- the cryptocurrency exchange has acquired KeepKey which is Bitcoinhardware wallet startup.
ShapeShift acquires KeepKey
According to today’s announcement, the staff of Shapeshift will continue working on hardware wallet line of startup KeepKey. In last summer, the startup has originally integrated with this cryptocurrency exchange via its API.
Though the terms of a deal are not yet disclosed, it presents acquisition of the first startup. This startup is purely based on hardware products.
However, the deal comes into picture after ShapeShift closed funding round up of $10.4 million. It has further affected in moving of KeepKey to end its support last month for a long running MultiBit Bitcoin wallet. Which was first acquired by this startup in the year 2016.
Source Article: ShapeShift acquires KeepKey -the Bitcoin wallet startup
AMD the Graphic Card maker (GPU) is now releasing the new software designing specifically for cryptocurrency mining. Accordingly, one can perceive it on its website, the “Radeon Software Crimson ReLive Edition Beta for Blockchain Compute” is determined as beta level. It is determined towards improving GPU’s performance that is proposed for mining.
Since mining refers to a procedure of adding new transactions to a blockchain and creating tokens as a reward; this release from AMD is proposed for a growing demand of GPUs. This release is further obsessed by preeminent prices of cryptocurrency market like Ethereum.
Continue to read here: https://coinpedia.org/news/amd-releases-new-software-package-cryptocurrency-mining/
A member of Ukrain national legislature has recently revealed the wealth of three lawmakers in Bitcoin is more than $45million collectively.
Ukrainian lawmakers reveal big Bitcoin holding
As per the report from RIA Novosti (International news service of Russia), these lawmakers ( Dmity Golubov, Alexander Urbansky, Dmitry Belotserkovets) are the members of “Petro Poroshenko Block” which combines prime grouping of legislators within the parliament.
Namely, Dmitry owns most Bitcoin: 8752 BTC, Alexander holds 2494 BTC while Belotserkovets has 398 BTC. According to today’s price, this may worth approximately $36 million, $10 million and $1.6 million)
However, the discussion comes with the edges to regulating cryptocurrency.
Considering the previous report of last week, the National Bank of Ukraine which is the central Bank of country revealed discussion regarding cryptocurrencies will come into the picture at the next meeting of the Financial Stability Board of Ukraine. This will get nation’s financial authorities together at the end of August.
Though this is not yet exposed what steps Government may take but last week report stated that a large Bitcoin mining machine cache was detained next to authorities encountering at a state-owned facility.
Source Article: Ukrainian lawmakers reveal big Bitcoin holding – $45 million
Since the cryptocurrency was created in January 2009, for the very first time the Bitcoin price has risen over $4000.
Additionally, the Bitcoin had set a successive high time with the static period when price settled around $2700. This signifies a caution market the approach to the Bitcoin fork that created a new cryptocurrency, Aug 1st, Bitcoin cash.
The fear of split led to instability that now seems to be allay. Therefore, it was indicates since by positive prices moved.
According to Coinmarketcap, yet another high time has set by the total value of all cryptocurrencies with the combined market capitalization over $137 billion. It’s just a 3 days ago, $11 billion figure was more than on previous high note when each crypto asset had a value of $126 billion.
Read more here: https://coinpedia.org/news/bitcoin-price-pass-4034-49-first-time/
Crypto Asset Management is launching out a new product referred as CAMCrypto30. The fund manager counts among the world’s most tenured fund manager, with the aim to accelerate emerging asset class mainstream they’ve set to launch a new product.
CAMCrypto30 – Crypto Asset Management
CAMCrypto30 is intended to visualize the 30 largest cryptocurrencies by market capitalization. Furthermore, new and investible share class has also been announced for the fun where it tracks the listed cryptocurrencies in the index.
Read More here https://coinpedia.org/news/crypto-asset-firm-launches-investable-index-top-30-cryptocurrencies/
Sources have revealed that Coinbase has raised $100 million in series D funding. It was the largest single traditional funding round for cryptocurrency start-up and public blockchain.
Institutional Venture Partner runs the roundup. It is a Silicon Valley venture firm which counts for biggest digital startups. It includes enterprises like Netflix, GitHub Dropbox and other biggest startups midst its portfolio. Other participating ventures are Greylock Partner, Section 32, Spark Capital and Draper Associates.
However, $217 million is the collective funding of Coinbase that has been raised from accredited investors. In fact, now it is clear to say that Coinbase accounts for 10% of concluding venture capital that has invested in blockchain startups.
Furthermore, the funds will be used to inflate the engineering team and customer support by Coinbase. This follows earlier commitment towards growing support to resolve customer complaints courteously.
Since its foundation in June 2012, Coinbase has raised industry’s largest funding rounds to date. Recently, in early 2015, Coinbase has completed a series of C funding worth of $75 million from investors group including NewYork Stock Exchange and Fortune 500 Financial services group USAA. Alongside, it has also raised $10.5 million from Mitsubishi UFJ.
Original source: Coinbase exchange Raises Biggest-Ever Round for Bitcoin Startup
Recent updates on Nvidia Shares
Nvidia graphics chipmaker reports that the quarterly revenue is much better. It was expected on Thursday evening by Wall Street analyst. Although, dragging the stock price of Nvidia shares with 54% up this year. The number sent tumbling almost 8% in after-hours trading.
Thursday, Nvidia shares were down 6.6% at $153.87 in extends trading. It was its strongest performance across the benchmark S&P 500 index as the share was risen 181% in past year.
Accordingly, two news outlets, the HBO company has leaked an email showing that executive offering $250000 as a “bounty payment” for those who stole scripts from Game of Thrones.
Last week, a data breach at HBO reported that ahead of Sunday’s episodes were leaked online. A group or a hacker called “Mr. Smith” claim responsibility for having around 1.5 terabytes of data from HBO.
The hackers were demanding money worth of six months of their income. They were insisting between $12 to $15 million from stealing intellectual property and extorting companies.
Original source : $250,000 in bitcoin is in demand by HBO to pay hackers who stole Game of Thrones scripts
Ethereum Cryptocurrency is remarkably growing. Today it has marked 16% surge in its value increasing from $265 to $317 within a day.
Bitcoin effects other currencies
However, increased Bitcoin price is the basis of fluctuations in other cryptocurrencies. Usually, a slight growth in Bitcoin price may lead to falling in prices of alternative cryptocurrencies.
Though, this week Bitcoin has gone with remarkable growth which has positively affected on the price of other digital currencies mainly Ethereum and Litecoin.
Climbing back from $19 bln market cap to more than $27bln, Ethereum has significantly grown as compared to other currencies. So what makes Ethereum grow rapidly?
One can also assume the hype around ICO market since they started raising more via their campaign.
Original source: Ethereum Price Records 16% Daily surge