Thursday, October 1Your Daily Bitcoin & Altcoin News Portal
CryptoDepository Receipts, Explained

CryptoDepository Receipts, Explained

BITCOIN
Please share if you find this article interesting. CryptoDepository Receipts, Explained What are CryptoDepository Receipts? CryptoDepository Receipts, or CryDRs, are smart contracts written on a decentralized network. A CryDR represents the value of a real-world asset. It allows anyone to tokenize traditional asset classes and put it on a decentralized Blockchain, including commodities, currencies, futures, bonds and other financial assets. A CryptoDepository Receipt is basically the value of the underlying asset on the Blockchain, and is denominated in the unique cryptocurrency of that network. It’s constructed with built-in regulatory, KYC and AML compliance. This means tokens issued on the network are enclosed in real-world rules, ensuring adherence to regulation at all tim
Bitcoin Sells at $9.5k in Zimbabwe as Venezuela Gains ‘100k’ New Bitcoin Miners

Bitcoin Sells at $9.5k in Zimbabwe as Venezuela Gains ‘100k’ New Bitcoin Miners

BITCOIN
Please share if you find this article interesting. Bitcoin Sells at $9.5k in Zimbabwe as Venezuela Gains ‘100k’ New Bitcoin Miners Zimbabwe continues its fight for Bitcoin security, as US dollar scarcity sees exchanges demand $9,500 per coin Monday. Analysis of local platform Golix.io reveals Bitcoin buy and sell rates which topped $10,000 in previous days. Currently, traders can buy BTC for $9,500 and sell at $9,380. Zimbabwe’s nascent cryptoeconomy The troubled state of Zimbabwe’s nascent cryptoeconomy reveals the economic difficulties facing the country’s population, as inflation soars again and dollar cash shortages become ever more present. Vince Musewe, a Harare-based economist, told local news publication The National: “The problem is the exact opposite of what it was du
UK Crypto Companies Forced to Bank Elsewhere

UK Crypto Companies Forced to Bank Elsewhere

BITCOIN
Please share if you find this article interesting. UK Crypto Companies Forced to Bank Elsewhere Companies that deal in cryptocurrency, or even handle the digital asset, are being shunned by the traditional banking system in the United Kingdom. This is forcing many of these companies to go offshore for their banking needs. Places such as Gibraltar, Poland and Bulgaria are hotspots for these companies that are not being accommodated, but the real issue being raised is the ambition the UK has to be a global hub for the fast-growing fintech sector. Traditionally steering clear Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. This has many big b...
A Decentralized Dispute Resolution Platform Emerges on the Blockchain

A Decentralized Dispute Resolution Platform Emerges on the Blockchain

BITCOIN
Please share if you find this article interesting. A Decentralized Dispute Resolution Platform Emerges on the Blockchain Smart contracts are becoming one of the most popular innovations on the Blockchain. It’s finding adoption in almost every sector and is being implemented by both small and large organisations. However, no matter how interesting the concept appears, with the automation of processes and execution, the need for arbitration arises during disputes. Existing systems are deficient In traditional systems, when business relationships are challenged or fail, parties may seek justice and protection of their interests in courts of arbitration and private settlements. This necessitates the development and implementation of judicial processes which interpret contract terms a
Russian Entrepreneur Registers Bitcoin, Ethereum Patents For Vodka

Russian Entrepreneur Registers Bitcoin, Ethereum Patents For Vodka

BITCOIN
Please share if you find this article interesting. Russian Entrepreneur Registers Bitcoin, Ethereum Patents For Vodka Russia is hosting a different kind of battle between crypto and fiat currency, with consumers soon to face Bitcoin and Ethereum vodka. As local news outlet Life.ru reports, an entrepreneur from the city of Ekaterinburg has delivered three patent applications for Bitcoin, Ethereum and Ethereum Classic to become the brand names of the country’s famous spirit. “Consumers can make positive associations with the names of cryptocurrencies in relation to certain products,” Dmitry Aydakhov told the publication. “For some, these are positive, for some negative, which is why all manufacturers try to come up with original brand names.” Clampdown Despite an incoming governm
More Pirate Miners Riding the Crypto Gold Rush

More Pirate Miners Riding the Crypto Gold Rush

BITCOIN
Please share if you find this article interesting. More Pirate Miners Riding the Crypto Gold Rush While there has been a spate of so-called Crypto Pirate Mining uncovered, on sites like The Pirate Bay and even Showtime, it turns out the problem is bigger than expected - and growing. However, it is a contentious issue as pirate mining, which involves a website using a script to enact a user’s processor to help them mine cryptocurrencies, is not necessarily seen as malware, yet it can be viewed as such. The issue, however, is that this phenomenon will only continue to grow as the price of cryptocurrencies expands and the profitability of it increases. A question of ethics It is a broad issue to face as it emerged that many do not mind having their processors used to mine digital cu
Extreme Cold Storage: A Fortress of Solitude for Bitcoins – Bitcoin News

Extreme Cold Storage: A Fortress of Solitude for Bitcoins – Bitcoin News

BITCOIN
Please share if you find this article interesting. Extreme Cold Storage: A Fortress of Solitude for Bitcoins - Bitcoin News Security Many bitcoin investors use hardware devices, paper wallets, and multi-signature solutions to keep their wealth safe from online threats such as hackers and malicious viruses. However, there are more extreme cold storage options for those who have lots of bitcoins, like $100,000 worth of BTC or more. One such process, a method called the Glacier Protocol, provides a step-by-step high-security convention for bitcoin cold storage. Also Read: Bitcoin Surging Means New Storage Fears as Users Take Extreme Measures Self-Managed Extreme Cold Storage A lot of people rely on hardware wallets or other methods of secure bitcoin storage so they can keep the
Bitcoin Price is Following a “Parabolic Trend:” Australian Mainstream Media

Bitcoin Price is Following a “Parabolic Trend:” Australian Mainstream Media

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price is Following a “Parabolic Trend:” Australian Mainstream Media ABC News, a national news service in Australia, has reported that bitcoin price is following a “parabolic trend,” as it surged from less than $4,500 to $6,199 within less than two weeks. Since early 2017, mainstream news networks and media outlets in major regions such as Australia, South Korea, Japan, and Switzerland have started to provide extensive coverage of bitcoin alongside reserve currencies like the US dollar and traditional assets including gold. Increase in Demand For Bitcoin as a Safe Haven Asset Last week, as NewsBTC previously reported, Wall Street strategist and Fundstrat co-founder Tom Lee stated that the next phase of mainstream bitcoin
Prepping for a Pullback? Bitcoin Price Drops Below $6,000

Prepping for a Pullback? Bitcoin Price Drops Below $6,000

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Prepping for a Pullback? Bitcoin Price Drops Below $6,000 After rallying to a new record high, bitcoin is once again trending down. According to Coindesk's Bitcoin Price Index (BPI), bitcoin prices dipped below $5,800 this morning – prices first passed the $6,000 mark on Friday and set the new all-time high (of $6,148) at 15:00 UTC on Saturday. That figure takes the cumulative returns from the September low of $2,980 to more than 100 percent. The record rally indicates that the regulatory crackdown in China, and subsequent fears of similar restrictions across the globe, have failed to dampen investor sentiment. Meanwhile, the potential benefits of holding bitcoin ahead of another hard fork (in November) – which promises the creat
Institutional Investors Still Steering Clear of Bitcoin: Research

Institutional Investors Still Steering Clear of Bitcoin: Research

BITCOIN
Please share if you find this article interesting. Institutional Investors Still Steering Clear of Bitcoin: Research Digital currency’s market share has reached nearly $170 bln this year, and that figure puts them out there as a major asset. In fact, Bitcoin alone has outshone PayPal in recent months. However, despite the huge amount of money flowing into this market, and the seemingly mainstream interest springing up globally, the thought is that traditional big money investors have not quite entered the market yet. Institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people's money in. Hedge fund options Because digital currencies are such a new and unprecedented