Wednesday, February 19Your Daily Bitcoin & Altcoin News Portal
Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders

Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders

BITCOIN
Please share if you find this article interesting. Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown. The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO ended in December 2018 and collected almost 7,000 ETH, which was its funding goal. The remaining 22,000 ETH came from private token sales. The project was combined with a content platform developed by Watcha, the company behind the token. The idea was to reward platform users with the CPT token for interacting with the platfor
How to Mine Bitcoin in 2020 – Bitcoin News

How to Mine Bitcoin in 2020 – Bitcoin News

BITCOIN
Please share if you find this article interesting. How to Mine Bitcoin in 2020 - Bitcoin News Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need to know about the business. Also Read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC What Does It Take to Mine Bitcoin in 2020 Bitcoin mining is a transaction security and validation service done via distributed computer systems each racing to solve complex mathematical problems before the competition. Miners keep the global ledger consistent and immutable by repeatedly addin...
Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status

Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status CoinDesk columnist Nic Carter is a partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, MA. He is also the cofounder of Coin Metrics, a blockchain analytics startup. On May 9th, 2019, Representative Bradley Sherman, member of the House Banking Committee, made an impassioned speech in Congress about cryptocurrency. In his speech, the mask typically worn by policymakers slipped: his words betrayed the threat that cryptocurrencies pose to the state.   Sherman said: "An awful lot of our international power comes from the fact that the dollar is the standard unit of international finance and transacti
Crypto Mining Giant Canaan Partners With Blockchain Firm Northern Data

Crypto Mining Giant Canaan Partners With Blockchain Firm Northern Data

BITCOIN
Please share if you find this article interesting. Crypto Mining Giant Canaan Partners With Blockchain Firm Northern Data Two major players in the global blockchain industry have signed a strategic partnership to pool together their technological and operational achievements. According to a Feb. 19 press release, Canaan Creative, the world’s second-largest Bitcoin (BTC) mining hardware manufacturer, and blockchain infrastructure firm Northern Data AG were joining forces to work across several fields. In particular, the two firms will cooperate on artificial intelligence and blockchain development, as well as on optimizing data center operations at scale. Expanding technology and global outreach Northern Data focuses on building out infrastructure for high-performance computing, w
Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer

Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer

BITCOIN
Please share if you find this article interesting. Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer An alleged drug dealer lost 52 million euro (over $56 million) in Bitcoin (BTC) after the Irish High Court ruled that they were criminal proceeds and should be confiscated. Local news outlet Independent.ie reported on Feb. 19 that the court accepted that Clifton Collins was involved in drug trafficking. Collins did not contest the Criminal Assets Bureau’s (CAB) application for the seizure of his assets. Authorities began investigating Collins when police found a quantity of cannabis in his vehicle during a traffic stop. This led police to search an address in a village in Galway and discover a large number of cannabis plants, allegedly linked to Collins. Collins w
Bitcoin $727B Annual Investment Flow Can Beat Visa Next Halving — Data

Bitcoin $727B Annual Investment Flow Can Beat Visa Next Halving — Data

BITCOIN
Please share if you find this article interesting. Bitcoin $727B Annual Investment Flow Can Beat Visa Next Halving — Data Bitcoin (BTC) is already processing 1% of the world’s GDP and the number is growing by “an order of magnitude” every halving cycle. According to statistician Willy Woo, who analyzed data from monitoring resource Coin Metrics, Bitcoin’s investment flow is $727 billion annually. BTC processes $727B per year The number is almost 10% of payment processor Visa’s transaction volumes each year — Visa processes $8.8 trillion in transactions. “Bitcoin's investment flow (aka annual investment velocity) is presently growing an order of magnitude (10x) every 4 years,” Woo summarized.  Per the statistics, Bitcoin should “catch up” with Visa at some point after its next hal
Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling – Bitcoin News

Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling – Bitcoin News

BITCOIN
Please share if you find this article interesting. Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling - Bitcoin News A report published February 7 and authored in part by Blockstream researcher Christian Decker found that the BTC Lightning Network is “evolving towards an increasingly centralised architecture.” Proponents of LN say this is not a problem, and even critics of the network point to the necessity of properly defining — and not deifying — “decentralization.” Still, real concerns are presented with the new information, and some are looking to alternative solutions like Drivechain to fill the gap.The report, entitled “Lightning Network: a second path towards centralisation of the Bitcoin economy,” states at outset that “despit
PoB Transactions on Cross-Carrier Payment System Successful

PoB Transactions on Cross-Carrier Payment System Successful

BITCOIN
Please share if you find this article interesting. PoB Transactions on Cross-Carrier Payment System Successful Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different countries. The Carrier Blockchain Study Group (CBSG) Consortium is one such collaboration doing just that. Launched in September 2017, the group provides a secure way for telecom customers to make digital payments directly with their carriers using blockchain technology.  Blockchain platform TBCASoft, a founding member of the CBSG, announced in a Feb. 18 press release that Taiwan-based Asia Pacific Telecom Co. Ltd. (APTG) and a US mobile ca
Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal

Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal Bitcoin started a sharp increase above $9,800 and $10,000 against the US Dollar. BTC is currently consolidating and it could soon rally above $10,200 for the next bullish wave.Bitcoin price is showing positive signs above the $10,000 pivot level against the US Dollar.A new intraday high is formed near $10,279 and the price is currently correcting lower.There is a key bearish trend line forming with resistance near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum jumped more than 5% and surged above the $275 resistance area.Bitcoin Could Rally Towards $10,500 and $11,000Yesterday, we saw a Bitcoin PriceTherefore, the price...
IRS Invites Cryptocurrency Advocates to March Summit

IRS Invites Cryptocurrency Advocates to March Summit

BITCOIN
Please share if you find this article interesting. IRS Invites Cryptocurrency Advocates to March Summit With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed. According to a Feb. 19 report by Bloomberg Tax, the IRS has invited cryptocurrency companies and advocates to appear for a March 3rd summit in Washington DC. Among the aims of the summit are determining how to “balance taxpayer service with regulatory enforcement.”  Topics under discussion at the summit include regulatory guidance and compliance, preparing tax returns, issues for cryptocurrency exchanges, and technology updates. Each panel will last 90 minutes and feature speakers from t