Markets Update: BCH Holds Above $150, RVN and XTZ Explode

Markets Update: BCH Holds Above $150, RVN and XTZ Explode

Markets Update: BCH Holds Above $150, RVN and XTZ Explode

In recent market action, bitcoin core (BTC) has struggled to hold above $4,000 following four consecutive green weekly candles, while bitcoin cash (BCH) appears to be consolidating above $150 after comprising the best performing of the 10 largest crypto assets by market cap of the last seven days. In other news, ravencoin (RVN) and tezos (XTZ) are among the highest capitalized top gaining markets of the past week.

Also Read: 8 Useful Browser Extensions for Cryptocurrency Users

BTC Consolidates at $4,000

Following four weeks of green weekly candles, BTC is currently struggling to hold above $4,000 after retracing approximately 1.4% in the last 24 hours. As of this writing, BTC is trading for approximately $3,975 on Bitstamp and $4,040 on Bitfinex, indicating a spread of approximately 1.7% between USD and USDT exchanges.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
BTC/USD – Bitstamp – 1D

BTC has a market capitalization of $70.91 billion. Approximately $10.6 billion worth of BTC has changed hands during the last 24 hours.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode

BCH Consolidates Above $150

BCH appears to have established support at $150 after posting a 4% retracement over the course of the last 24 hours. The retracement following seven days of strong bullish momentum, with BCH comprising the top gaining of the 10 largest cryptocurrencies by capitalization after posting a weekly gain of 14%. BCH is currently trading for approximately $153.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
BCH/USD – Kraken – 1D

When measured against BTC, BCH is consolidating around the 0.038 BTC support area after gaining 16% last week. BCH is currently the sixth largest crypto asset with a market cap of $2.73 billion. Approximately $471 million worth of BCH has been traded in the last 24 hours.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
BCH/BTC – Bittrex – 1D

XTZ and RVN Rank Among Top Gainers

XTZ has broken into the top 20 crypto assets by capitalization following a dramatic 70% rally in seven days, ranking tezos as the 18th strongest performing crypto assets of the past week. XTZ is currently the 20th largest cryptocurrency with a market cap of $525 million and is trading for $0.755.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
XTZ/USD – Bitfinex – 1D

When measured against BTC, XTZ is trading for more than 0.00019 BTC after gaining 55.5% in less than seven days. Nearly $12.4 million worth of XTZ was traded during the last 24 hours, making XTZ currently the second most liquid of the top 20 markets by capitalization.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
XTZ/BTC – Bitfinex – 1D

RVN is currently ranked as the past week’s 14th top performing market after gaining 72% over the last seven days. The week comprises the fourth-consecutive green candle, with RVN having gained 345% in less than one month. The bullish momentum has propelled RVN back into the top 50 crypto assets by market cap, currently ranking 43rd with a capitalization of $143 million.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
RVN/USD – Bittrex – 1D (calculated by Tradingview)

When measured against BTC, RVN broke into new all-time highs this past week, with RVN currently trading for 1,118 satoshis after gaining roughly 305% in less than four weeks. Roughly $86.22 million worth of RVN has changed hands over the last 24 hours.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
RVN/BTC – Binance – 1D

Do you think the markets are starting to transition out of the bear season? Share your outlook in the comments section below!


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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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Source: Bitcoin.com

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

In the Daily: Mt Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies.

Also read: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

Mt. Gox Trustee Completes Review of Claims

The rehabilitation trustee in the Mt. Gox case, Nobuaki Kobayashi, has completed the review of the claims filed by the users of the hacked exchange. According to an official announcement, Kobayashi has approved or disapproved the claims of the creditors concerning their rights to ask for the return of their funds from Mt. Gox and submitted the respective statements to the Tokyo District Court.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

The English translation of the document, dated March 19, reveals that in the coming days the trustee will inform the claimants of the results of his review. Users who have filed their claims through the online filling system hosted on the Mt. Gox website will be able to check the results by logging into their accounts. Other creditors will be notified of the approval or disapproval of their rehabilitation claims via email.

Caspian Launches Crypto Derivatives Trading

Asset management platform Caspian, which works with institutional investors, has announced it’s now offering options and futures crypto trading. The new services will be provided through an integration with the crypto derivatives exchange Deribit. Caspian clients will have access to financial instruments based on bitcoin core (BTC) and ethereum (ETH). Perpetual crypto swaps will also be available.

According to a press release, Caspian connects to the Deribit platform via an API that supports high volumes with low latency, providing traders and investors with access to the exchange’s full options order book. Representatives of the company noted that no fee will be charged on deposits and withdrawals of funds from the platform. Clients will be offered leverage up to 100x.

Facebook to Hire Lawyer Experienced in Blockchain

Social media giant Facebook has recently announced a vacancy for a legal expert with blockchain experience. According to the ad, the future Lead Commercial Counsel will be expected to support the company’s “new initiative in the development of blockchain applications.”

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

“You will be responsible for drafting and negotiating a wide variety of contracts related to our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally,” details the job posting published this week on Facebook’s website. The lawyer will also advise clients on the legal risks related to commercial transactions and general operations.

Although the announcement does not explicitly mention digital assets or cryptocurrencies, “experience with blockchain or payments technology” is among the minimum qualifications candidates are required to have. They should also have prior experience in dealing with the legal issues arising from blockchain applications and payment systems.

Swiss Lawmakers Want Crypto Regulations

The Federal Assembly, Switzerland’s legislature, has approved a proposal to task the Alpine nation’s government with adapting the existing provisions and procedures used by the judicial and administrative authorities so that they can be applied to cryptocurrencies. The motion filed by Giovanni Merlini, a member of the Swiss parliament, was approved in a 99 to 83 vote with only 10 abstentions.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

According to an announcement published on the assembly’s website, Merlini insisted on the importance of closing the gaps in the protection against abuse in the crypto space. The lawmaker noted that cryptocurrencies could be issued to anyone via decentralized, peer-to-peer networks and warned that many of them are anonymous. This, in his opinion, favors extortion and money laundering.

The Federal Council, the Swiss central government, is now expected to clarify how the risks can be contained and whether entities operating crypto trading platforms should be subjected to supervision by the country’s financial watchdog, Finma.

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


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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations appeared first on Bitcoin News.

Source: Bitcoin.com

China Favors Tron and EOS in New Crypto Ranking but Downgrades Bitcoin

China Favors Tron and EOS in New Crypto Ranking but Downgrades Bitcoin

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

China’s Center for Information and Industry Development has released its latest crypto project ranking. Tron and EOS top the list out of the 35 crypto projects evaluated while Bitcoin has been downgraded slightly. The center also evaluated the projects independently based on basic technology, applicability, and creativity.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

March Ranking

The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 11th update of its crypto project ranking report on Friday. The number of crypto projects evaluated this month was 35, unchanged from the previous month.

“The results show that the world’s three major Dapp platforms — EOS, Tron, [and] Ethereum — still rank in the top three, [and] the scores are 155.7, 146.7 and 142.8, respectively,” the center wrote. Tron debuted last month, replacing Ethereum as the second highest ranked project. EOS has been in the top spot since it started being ranked in June last year. This month, BTC ranks 15th, down two places from the previous month. BCH also fell slightly from the 27th spot to the 31st spot.

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

3 Sub-Rankings

All 35 crypto projects were also evaluated based on three sub-categories: basic technology, applicability, and creativity.

The basic technology “sub-index accounts for 64% of the total index,” the center described, noting that this category “mainly examines the technical realization level of the public chain, including function, performance, security, and decentralization.” The top projects are EOS, Tron, Bitshares, Steem, and Gxchain. “Since the Constantinople upgrade, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th,” the CCID pointed out. Nonetheless, it found that on average “the basic technology index has slightly decreased from the previous period.”

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

The applicability “sub-index accounts for 20% of the total index,” the CCID continued, adding that this category mainly evaluates “the comprehensive level of public chain support for practical applications.” The top five projects are Ethereum, NEO, Nebulas, Tron, and Ontology. Unlike the basic technology category, the center said that on average “the applicability index has increased from the previous period.”

The creativity “sub-index accounts for 16% of the total index,” and the top five projects are Bitcoin, Ethereum, EOS, Litecoin and Lisk. This category focuses on “continuous innovation in the public chain,” the CCID explained, adding that “The innovation sub-indices of Litecoin, Bytecoin, EOS, Nebulas and Hcash have increased significantly from the previous period.” However, the center concluded that overall “the average value of the innovation sub-index has declined to a certain extent compared with the previous period, indicating that the activity of global public-chain technology innovation is decreasing.”

What do you think of CCID’s latest ranking? Let us know in the comments section below.


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Source: Bitcoin.com

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent.

Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume

Crypto Adoption Disappoints, Even as Africa Dominates Bitcoin Search Interest

According to Google Trends, the biggest search interest for bitcoin in the world is by potential investors from Nigeria, South Africa and Kenya – the three biggest cryptocurrency markets in Africa. That dominance is, however, predominantly limited to trading activities on exchanges. On a few occasions, bitcoin may be used as a means of payment, mostly to overseas suppliers.

But despite that world-leading interest, Africa still lags behind the rest of the world in everyday BTC use and adoption. The cryptocurrency has found it difficult to break the stranglehold of convenience, simplicity and efficiency that, like a magnet, draws millions of Africans to mobile money. The continent of 1.2 billion people is home to over 50 percent of the world’s mobile money services.

Why Africa Continues to Lag Behind in Cryptocurrency Adoption
Google Trends chart for the keyword “bitcoin”

For example, with a basic telephone handset, one can send or receive money via SMS anywhere within a particular country, without the need of an internet connection. By comparison, you will need a smartphone and a secure internet connection to complete a cryptocurrency transaction. While internet use has risen sharply in the past 20 years, users from Africa account for just 10 percent of the global total, making the case for crypto on the continent even more cryptic. Also, erratic power supplies in many countries continue to impede the internet access on which cryptocurrency largely depends.

Beating Mobile Money at Its Own Game

Vin Armani, founder and CTO of Cointext, an internet-free wallet service that allows users to send or receive bitcoin cash (BCH) via SMS – just like mobile money – believes his service could rival mobile money in the continent. In Africa, Cointext is currently available only in South Africa, and it’s unclear how many people are actually using the service there. “We are preparing to make a major announcement that will give us global coverage (in every country),” Armani told news.Bitcoin.com.

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

“We’re currently working on an integration that will make us available for smartphones throughout Africa. We’re also working on SMS solutions for a few other African countries,” another official from Cointext explained separately.

Elisha Owusu Akyaw, a 17-year-old Ghanian crypto investor and influencer, has made a fortune investing in bitcoin. He believes that “Cryptocurrencies should probably integrate with mobile banking platforms.” Akyaw might have a point. The mobile money sensation has grown very deeply in African economics to the extent, perhaps, of defining its people.

“The power of financial technology to expand access to and use of accounts is demonstrated most persuasively in Sub-Saharan Africa,” the World Bank’s Global Findex Database detailed in its financial inclusion survey, which found 21 percent of adults on the continent now have a mobile money account. This is “nearly twice the share in 2014 and easily the highest of any region in the world.”

If that is not enough, cryptocurrencies will likely have to fight tooth and nail to gain any reasonable market share in the mobile money-dominated payment systems in Africa, a region often touted as the next frontier for virtual currencies. In Zimbabwe, publicly listed Econet Wireless controls 95 percent of the mobile money market share through its Ecocash platform. The seven year-old service is so successful that almost every government department depends on it for electronic payments.

Why Africa Continues to Leg Behind in Cryptocurrency Adoption

With more than six million users in the Southern African country, Ecocash has processed over $23 billion worth of transactions since launch in September 2011. It boasts more than 32,000 agents (merchants) throughout Zimbabwe. This is the sort of entrenched competition that cryptocurrencies will have to contend with. There will be 725 million mobile phone subscribers in Africa by 2020, according to the GSM Association, who could either plug into crypto or mobile money.

Cumbersome Registration Processes Dissuade Crypto Use

Bernard Parah, a 26 year-old entrepreneur from Lagos, Nigeria, recognizes this challenge and opportunity. Two years ago, he founded Bitnob Quickserve, a platform that allows Africans to buy vouchers and reedem them for BTC without the need to complete KYC or AML procedures. Parah posits that one of the biggest hindrances to cryptocurrency adoption is the labyrinth of verifications required by exchanges at registration.

“We believe that [the service] will reduce the entry barrier for many people who want to try out bitcoins here in Africa,” Parah told news.Bitcoin.com. “Onboarding users needs to be made simpler. Many first time users give up at the point where they have to upload their personal identity details for verification.”

Why Africa Continues to Leg Behind in Cryptocurrency Adoption

Parah also pointed to ease of use and the fear of loss of funds without recovery as stumbling blocks. “A bitcoin address looks like a foreign language to new users,” he notes. “Many people are not ready to be their own banks, they would rather settle for convenience over security,” said Parah, who reckons there’s need for more awareness and education about crypto.

A litany of fake bitcoin schemes have not helped the cryptocurrency cause either. In Uganda, for example, thousands of people have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in BTC. The scheme, now collapsed, masqueraded as a sports trading company, promising members hefty weekly payouts in bitcoin on initial investment of between $250 and $2,000. “Scams give Africa [and crypto] a bad name,” decried Chimezie Chuta, an IT specialist and bitcoin enthusiast from Nigeria. Regulation has, as always, been a sticky issue where bitcoin is concerned.

What do think about cryptocurrency adoption in Africa? Let us know in the comments section below.


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Source: Bitcoin.com

8 Useful Browser Extensions for Cryptocurrency Users

8 Useful Browser Extensions for Cryptocurrency Users

8 Useful Browser Extensions for Cryptocurrency Users

Extensions, also known as plugins, provide a one-click way to customize your web browser. From filtering out offensive words to blocking unwanted ads, there’s a browser extension for that. Cryptocurrency users have a particular need for plugins to enhance their privacy, perform crypto payments in-browser, and check market prices. Whether you use Chrome, Brave, Firefox, Safari, or Opera, some of the following extensions may come in handy.

Also read: Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents

Privacy and Precautions

While plugins can add utility and convenience, remember that you are installing third-party code into your browser. Plugin repositories such as the Chrome Web Store endeavor to check all submissions, but nefarious code has been known to slip through the net. Check the user ratings and number of installs for any extension you’re considering, and be wary of adding new or untested plugins whose authenticity is unverified.

Eight Useful Browser Extensions for Cryptocurrency Users

Privacy-enhancing plugins form the starter kit for most web users, particularly those who use cryptocurrency. If you’ve just installed a new browser, the first extensions you should consider include Adblock (Chrome’s most popular plugin by some distance), Privacy Badger for blocking trackers, and if you’re an EU resident tired of popups, you might wanna include I Don’t Care About Cookies. These aren’t the only browser extensions that perform these tasks, but are the most popular of their kind.

Crypto Wallet Extensions

If you’re looking to sign transactions, access dapps, and send and receive cryptocurrency as you browse, you’ll need an extension that will turn your humble web browser into a crypto wallet. Ethereum users have Metamask for all their needs, while Bitcoin Cash fans have Badger. Metamask is available for Chrome, Firefox, Opera, and Brave, and allows ETH and ERC20 tokens to be sent and received, as well as controlling interactions with DEXs such as Ethfinex Trustless and IDEX. Its web wallet can also be used on platforms such as Decentraland, Augur, Veil and Guesser. For entering Ethereum’s version of the decentralized web appears, Metamask is your gateway.

Eight Useful Browser Extensions for Cryptocurrency Users
Badger

Badger, meanwhile, allows users to store and send BCH as well as the SLP tokens that are built upon the Bitcoin Cash protocol. The noncustodial web wallet facilitates in-app purchases and micropayments using BCH, and grants access to Bitcoin Cash decentralized apps. BTC users wishing to tip fellow Twitter users via Lightning Network can use the Tippin Chrome extension.

8 Useful Browser Extensions for Cryptocurrency Users
Bitcoin Tab

Market Data Plugins

If you’d like to check the markets without whipping out your phone and firing up your portfolio app, Bitcoin Tab will do the honors. The Chrome extension draws real-time news and pricing directly from Blockmodo, as well as community developments and social media chatter. It provides a snapshot of what’s going on across the industry, at a glance. Other options include an unofficial Coinmarketcap plugin. There’s also the minimalist Cryptex, which provides a beautiful background that displays the price of three cryptocurrencies whenever you open a new tab. Crypto Tracker is also worth a look.

Eight Useful Browser Extensions for Cryptocurrency Users
Coinmarketcap plugin

Finally, for cryptocurrency users who hate censorship, Dissenter by Gab will spice up the web by enabling you to freely comment on every site you visit.

What are your go-to browser plugins? Let us know in the comments section below.


Images courtesy of Shutterstock, Bitcoin Tab, Badger, and CMC.


Disclaimer: Bitcoin.com does not endorse nor support these products/services.

Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

The post 8 Useful Browser Extensions for Cryptocurrency Users appeared first on Bitcoin News.

Source: Bitcoin.com

Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents

Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents

The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property.

Also Read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

So-Called Satoshi’s Quest to Patent the Blockchain

The notorious Craig Wright, a man who claims to be Satoshi Nakamoto, is continuing his effort to obtain hundreds of cryptocurrency and blockchain-related patents. Wright is the chief scientist of Nchain but is best known for his attempts to prove he created Bitcoin over a decade ago.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents
Craig Wright, the chief scientist of Nchain Holdings, has filed for hundreds of patents over the years. Wright has also claimed to be Satoshi Nakamoto on numerous occasions.

Nchain has been relentlessly filing for digital currency and blockchain patents. According to a report published on March 7, Craig Wright and Nchain Holdings have applied for a total of 666 patents and they proudly announced this watershed moment after reaching this symbolic number.

“In fact, Craig Wright and Nchain have so many patent applications that we have now reached a fiendish milestone,” explains Nchain executive Jimmy Nguyen in the recent blog post. He continued:

Last month, Nchain filed patent application number 666 — That’s right — the number of the Beast, Satan himself.

Despite Nguyen’s claim, it’s hard to confirm the exact number of patents filed in Wright and Nchain’s name. The last report concerning Wright and Nchain’s patent acquisition was published and researched by the World Intellectual Property Organization (WIPO). The report states that since August 2017 the organization has found roughly 155 patent applications filed by Wright. Nchain has filed and been granted numerous patents over the last few years, to the extent that the relatively unknown company seems to have more patents than most financial incumbents. This includes top blockchain patent holders such as Alibaba, Bank of America, Mastercard, IBM, and Accenture.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents
Both Wright and Nchain executive Jimmy Nguyen speak publicly about these patent filings on a regular basis.

Moreover, Nchain’s blockchain patent filings can be found throughout many patent and trademark offices across the globe in countries like the U.K., U.S., Japan, and China. The intellectual property requests include concepts like a blockchain counting system and a method for use in secure voting, an operating system for blockchain-based Internet-of-Things (IoT) devices, and an agent-based Turing complete feedback system built within a blockchain network. Those concepts are just scratching the surface when it comes to patent filings found peppered throughout the U.S. Patent and Trademark Office (USPTO), and the U.K.’s Intellectual Property Office.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents

Technology Protection or Weapons for Patent Wars?

The large amount of filings begs the question: Why does Nchain Holdings and the self-proclaimed Satoshi Nakamoto need so many patents? According to Nchain, intellectual property (IP) is being obtained to protect the technology. Back in July of 2018, when Mastercard acquired a patent that facilitates anonymous cryptocurrency transactions, Coingeek’s Calvin Ayre stated: “This is precisely why Nchain has to go the patent route … to protect technology they invent to release open source.” In Nguyen’s latest blog post, the executive said that Nchain will “encourage companies to build on BSV where it will be free to use many of Nchain’s IP assets.”

“With hard work and great expense, Nchain has produced what we believe is the world’s largest and best quality blockchain patent portfolio in the world,” Nguyen’s blog post details. “Nchain will use its IP portfolio for good, not evil, to help the Bitcoin SV ecosystem.”

Many cryptocurrency users detest the idea of using patents within the cryptocurrency ecosystem, which is traditionally dominated by open source projects. With Visa, Mastercard, Bank of America, and Nchain, the range of patent applications lodged today is quite wide. Many cryptocurrency fans believe that patents are part of a strategic move to threaten developers, startups and smaller firms for years to come. Some digital asset proponents also believe the community should rally together to stop patent filers and large corporations from stealing prior art. A good majority of bitcoiners are not too worried about these patents for the specific reason that Bitcoin is prior art and technology that cannot be patented.

Craig 'Satoshi' Wright Claims to Have Filed 666 Blockchain Patents

However, some individuals have voiced concern over Wright and Nchain’s patent filing due to his dubious claims of being Bitcoin’s inventor. The greater Bitcoin community and most crypto fans in general do not believe Wright is Satoshi as he has been accused of plagiarism and condemned for creating phony blog posts, PGP keys, and allegedly doctoring many contracts and emails. However, skeptics like libertarian author Wendy McElroy believe that the “ignorance of the audience” and “knowing how to game the system” may maximize Wright’s chance of winning.

What do you think about Nchain and Craig Wright’s attempt to gather a vast collection of patents for the company’s IP portfolio? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, Lens.org, WIPO.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents appeared first on Bitcoin News.

Source: Bitcoin.com

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

A Peer-to-Peer Bitcoin Cash Exchange Dedicated to Privacy Is Coming to Bitcoin.com

Bitcoin.com has always been on a quest to promote Bitcoin adoption. Our educational resources, forums, newsdesk, and other services reflect that mission on a daily basis. Now our web portal is introducing a feature called Local Bitcoin Cash, a service that facilitates the peer-to-peer trading of local currency for bitcoin cash (BCH). The new service will be launching soon and users will be able to directly exchange BCH securely and without know-your-customer (KYC) requirements.

Also read: This Short Animation Might Make You Think Twice About Taxes

Local Bitcoin Cash

Over the last few years, cryptocurrencies have grown increasingly popular and those digital assets are far more accessible than they were in the early days. As the industry has matured, Bitcoin.com has grown into an extensive Bitcoin-themed web portal that offers a wide array of resources and services that bolster cryptocurrency accessibility. Now, Bitcoin.com is proud to announce the launch of a new service called Local Bitcoin Cash. The peer-to-peer exchange will be a great resource for the community and will advance our continued mission to promote economic freedom to everyone in the globe by introducing them to the great benefits of BCH.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

The Local Bitcoin Cash trading platform will have three key ingredients that will make the exchange different to most peer-to-peer exchanges. Firstly, privacy will be of utmost importance and there will be no KYC verification required for Local Bitcoin Cash users. Secondly, the platform will provide end-to-end user side encryption; a system of communication where only users can read and decrypt their messages. Finally, just like our popular noncustodial Bitcoin.com Wallet, the peer-to-peer Local Bitcoin Cash exchange will be secure as the service never touches your funds.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com
Local.bitcoin.com will be launching soon and our readers at news.Bitcoin.com can get on the list to receive early bird notification when the Local Bitcoin Cash trading platform goes live.

An Exchange That Bolsters Bitcoin Cash Accessibility

The trading platform will allow users to see who’s buying and selling so that “offers” can be considered. Anyone in the world can post a bid to buy or sell BCH and all offers can be filtered by payment method, currency, location, and popularity. There will be a wide array of accepted payments from bank transfers and gift cards so people can purchase and sell bitcoin cash using a variety of payment methods.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

Once you find a proposal you’re happy with, simply open a trade with anyone on Local.bitcoin.com. Choose the amount of bitcoin cash you want to buy or sell, and then lock the rate in. After the traders reach an agreement they can then make the exchange. Payment details are always discussed using end-to-end encrypted messages. From there, the BCH goes into an escrow account and once the seller confirms payment, the BCH is released from escrow to the buyer.

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

As mentioned above, bitcoin cash adoption and accessibility is one of Bitcoin.com’s primary goals and over-the-counter platforms are some of the most private ways to purchase cryptocurrencies. Moreover, not everyone in the world has access to a local trading exchange so in some countries peer-to-peer platforms are the only way to buy digital assets. A multitude of payment methods also extends crypto penetration even deeper because most online exchanges only offer a few funding options. Local.bitcoin.com will be launching soon and our readers at news.Bitcoin.com can get on the list to receive early bird notification when the Local Bitcoin Cash trading platform goes live. Simply head to the Local Bitcoin Cash portal and click on the button marked “Stay notified.”

What do you think about our upcoming service Local.bitcoin.com? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, and Local.bitcoin.com.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com appeared first on Bitcoin News.

Source: Bitcoin.com

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory  

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory  

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

In this edition of The Daily, we feature a couple of announcements by leading crypto exchanges. Binance starts selling cryptocurrency for cash at newsagent stores in Australia, while Huobi is launching its new token listing platform. In other news, Aeternity and Satoshipay join forces to offer faster crypto micropayments and Nvidia expects to clear mining chip inventory in this quarter.

Also read: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Binance to Sell Cryptocurrencies at Newsagents in Australia

Binance, the world’s leading cryptocurrency exchange by volume, has announced the launch of Binance Lite Australia, a platform that will allow local residents to buy cryptocurrency at more than 1,300 newsagents across the country. Currently, the new cash-to-crypto service supports only purchases of bitcoin core (BTC) with Australian dollars (AUD) but other digital coins and fiat currency options will be added in the future.

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

To acquire the crypto, customers will have to place an order online and then deposit the cash at the nearest newspaper kiosk. But before they can do so, they will have to provide their personal details and pass account verification on the website of the platform, binancelite.com. Verified users will be able to place their orders and receive the coins within minutes, the exchange promised in a blog post. Binance Lite Australia will charge a 5 percent fee for the service.

Token Launchpad Huobi Prime to Go Live on Tuesday

Digital asset exchange Huobi announced the launch date of its new token listing platform. Huobi Prime will go live next Tuesday, March 26, the company revealed in a tweet this week. The first campaign based on Huobi’s launchpad will be held by a project called TOP Network, which will distribute 1.5 billion TOP tokens among its users in three 30-minute rounds.

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

According to the announcement, Huobi Prime will allow crypto projects to trade their coins immediately in a model described by the exchange as “direct premium offering.” Tokens issued through the platform, which is an alternative to Binance Launchpad, may be listed in the future on Huobi Global and Hbus in trading pairs with USDT, BTC, ETH, and KRW.

Aeternity Invests in Micropayment Platform Satoshipay

Aeternity, a project developing a blockchain protocol for smart contracts with open code, has acquired a stake in Satoshipay. According to a press release, the deal was sealed during the latest financing round for the micropayment service. Satoshipay will now be able to integrate Aeternity nanopayment solutions and offer its users faster transactions.

Axel Springer SE, one of the largest digital content companies in Europe which runs news outlets such as Upday, Die Welt, Bild, and Business Insider, will be among the first users of the new services offered by Aeternity and Satoshipay. Its users will be able to pay for the content with cryptocurrency via the Satoshipay wallet.

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

Nvidia to Clear Mining GPU Inventory

Video card manufacturer Nvidia is expecting to soon clear the excess inventory accumulated in anticipation of high demand for cryptocurrency mining equipment. The company believes it will manage to achieve that during Q1 of 2019, according to comments made by its CFO Colette Kress during a meeting with investors in California this past Tuesday, Bloomberg reported. The stockpile of unsold graphics processing components was created when the sales of chips dropped last year following the decline in cryptocurrency prices.

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


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Source: Bitcoin.com