Piixpay Lets You Pay Bills and Invoices With Cryptocurrency

If you need to regularly cover fiat payments but prefer to use your digital assets, a platform like Piixpay can be very helpful. The payment provider allows you to use cryptocurrencies to pay invoices, bills and make other recurring payments to recipients that still accept only traditional money.
Also read: Bounty.Cash Pairs Projects With Developers Finding Solutions for BCH
Spend Bitcoin Cash, Make Fiat Payments
To initiate a new payment with Piixpay you have to provide the beneficiary’s name and Iban number. You are required to enter the exact amount in euros, as the platform processes bank transfers in Europe’s single currency. You also need to add a short description of the transaction and an optional reference number.
Then you have to choose the crypto you are going to spend. Piixpay currently supports four major digital coins – bitcoin cash (BCH), bitcoin core (BTC), litecoin (LTC), and dash (DASH) – as well as a stablecoin backed by euros. Est-coins (ESCT) are issued by Piixpay’s operator, Ungaro LLC, and have a redemption value of €1 per coin.

Piixpay has another useful feature called Instafill. It lets you link a crypto wallet address to a bank account. Each time coins are sent to that dedicated address, the payment processor will exchange the cryptocurrency and send the fiat to your bank account. You can also check the status of any payment at all times.
To use the services of the crypto payment platform you have to create an account. You can sign up with a valid email address or use your Facebook, Google, Linkedin, Windows or Yahoo account. Piixpay is registered and licensed in Estonia but it operates in over 100 countries around the world.
There’s a service fee of €1 + 1.75% of the amount for transactions funded with cryptocurrencies. Bank transfers cost €1 for transactions within the Single Euro Payments Area (SEPA) and €40 for outside the zone. The smallest amount you can transfer is 1 euro and each transaction is limited to a maximum of €20,000. You can find more information about all applicable fees on Piixpay’s website.
Do you know other payment platforms similar to Piixpay? Tell us about them in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party 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 third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy Bitcoin with a credit card.
The post Piixpay Lets You Pay Bills and Invoices With Cryptocurrency appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

How to Stay Safe When Using Darknet Markets

If you’re planning to visit a darknet market, you’re either keen to window shop or keen to sample the wares. Whatever your reasons for stopping by, that’s your business and no one else’s. Unfortunately, not everyone shares those civilized ideals. To keep those spoilsports at bay, here’s how to browse darknet markets (DNMs) without leaving a trace.
Also read: New SLP Token Allows You to Transact in BTC But With BCH Fees
Step 1: Don’t Sweat It
If your interest in darknet market extends to becoming a vendor, this guide isn’t for you. For one thing, you should already know this stuff, and for another, you should be following more rigorous opsec. If you’re a casual DNM shopper, however, and aren’t ordering your goods by the pound or kilo, don’t sweat it. The powers that be don’t have the time or resources to pester every single DNM customer. Even when entire marketplaces get compromised, exposing the details of thousands of users who were too lazy to encrypt their comms, it’s rare that anything comes of it.

If you’re a persistent DNM shopper and the postal service takes note of fragrant packages winging their way to your door, you might receive a ‘love letter’ from the police warning you to cease your activities, or even a knock at the door. Should that occur, don’t be cowed as the feds are unlikely to press charges. Even LE seem to begrudgingly concede that prosecuting victimless misdemeanors is a pointless exercise. Remember, most of this stuff will be made legal within our lifetime. It’s only a crime for a limited time.
Step 2: Configure Tor Correctly
To access the darknet, you’ll need the Tor web browser. It can be downloaded for desktop or for Android. Alternatively, use the Brave or Dissenter browsers, which give the ability to open a Tor window, directly connecting you to the onion router where the world’s finest darknet markets are awaiting your perusal. The Tor Project website contains guides on protecting your privacy when using the darknet. Tor browser will automatically block plugins such as Flash, Realplayer, and Quicktime, which can be manipulated into revealing your IP address, and comes with pro-privacy plugins HTTPS Everywhere and No Script. When configured correctly, Tor will mask your IP address, but it remains your responsibility not to dox yourself by doing dumb stuff on the darknet. Tor’s an internet relay – not a cloak of anonymity and immunity.

Step 3: Double Check Your Onion Domains
Given that the average onion domain reads something like “7aj5bhidezdbb4ov” (that’s Empire market at the time of publication), it’s easy for a fat finger or phishing link to send you one character astray to a lookalike site that will keep your crypto and despatch the square root of zero to your door. Due to the takedown of darknet news site Deepdotweb earlier this year, there aren’t many reliable clearnet DNM guides left. Dark.fail has done an admirable job lately, but reliance on a single point of failure is risky. Double check all links with those shared by DNM admins on onion forum Dread.
Step 4: Keep It Fresh
Cryptocurrency wallet addresses are like nicknames: they don’t cost a penny and you’re free to use as many as you like. As such, there’s no excuse for recycling handles. Use a unique username and password for every DNM you join – that means a nickname you haven’t previously used anywhere else for anything. The annals of darknet criminology are filled with preventable tales of nickname reuse. Just ask Ross “Frosty” Ulbricht.
Similarly, when you’re sending funds to or from a DNM, create a new wallet address each time. If your crypto wallet app doesn’t let you create a new address, delete it and install one that does. For more tips on how to stay safe on the darknet, check out this week’s Humans of Bitcoin podcast, around the 15-minute mark, in which I discuss the perils of address and nickname reuse with host Matt Aaron.
Step 5: Know Your Vendor
When you log in to a darknet market for the first time, you’re greeted by a cornucopia of beguiling wares begging for your bitcoin. It’s like a magical Willie Wonka tuckshop for grownups. Before you start popping pills into your shopping cart, however, take a close look at the vendor you’re buying from. You wouldn’t make a $300 purchase from an Ebay vendor with zero feedback. It’s the same on the darknet. Most vendors are legit, and have no intention of scamming their customers, but don’t trust – verify by checking their feedback. Bear in mind that a vendor with 100 four-star ratings is significantly more trustworthy than a vendor with five stars and three sales.

Step 6: Always Encrypt
The first time you try to use PGP (also known as GPG), it’ll take you 15 minutes to install and successfully encrypt your first message to your darknet vendor. The second time will take you five minutes, the third time 60 seconds, and the fourth time you’ll be embarrassed at the thought of having ever communicated bareback on the darknet without PGP. News.Bitcoin.com plans to publish a comprehensive guide to PGP in the near future, but till then, your search engine is your friend. Don’t rely on darknet markets to encrypt on your behalf by ticking the request box upon submitting your order. If the site’s servers get infiltrated by law enforcement, your conversations will be exposed.
There’s another benefit to being au fait with PGP, incidentally: when a vendor begins selling on a new marketplace, as commonly happens, given the short lifespan of DNMs, sharing their public key shows that they are the same entity, and effectively allows them to import the goodwill they’ve accrued elsewhere.
Freedom Thrives on the Darknet
Browsing the darknet is one of the most pleasurable things you can do on the web. It’s an internet free of popups, autoplay ads, cookies opt-ins, trigger warnings, snowflakes, thought police and killjoys. It’s everything the clearnet used to be, with the added bonus that you can buy just about anything with cryptocurrencies such as BTC, BCH, LTC, and XMR. You don’t have to nurse a penchant for the sort of goods the darknet is synonymous with to fire up your Tor browser – you simply need to appreciate the sense of freedom that comes from browsing the web unencumbered. Darknet is love. Darknet is life.
What’s your favorite darknet market? Let us know in the comments section below.
Images courtesy of Shutterstock, and Pixabay.
Disclaimer: Readers should do their own due diligence before taking any actions related to third-party companies, darknet markets, 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 third party content, goods or services mentioned in this article.
The post How to Stay Safe When Using Darknet Markets appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

New SLP Token Allows You to Transact in BTC But With BCH Fees

There’s a new Simple Ledger Protocol (SLP) based token called BTC2 that’s backed 1:1 with BTC. People can obtain the BTC2 token using cryptocurrency swapping application Sideshift.ai. With BTC2, you can essentially transact with BTC, but utilize the same network fee (less than a penny) as bitcoin cash transactions.
Also read: Meet the Developer Who Added Schnorr Signatures to Bcash
Introducing BTC2: Where Store of Value meets Medium of Exchange
In January, news.Bitcoin.com reported on the launch of Sideshift.ai, an application that allows users to swap cryptocurrencies between chains. Sideshift AI was created by Andreas Brekken, the CEO of review site Shitcoin.com, and the notorious individual who once held $220,000 worth of BTC on the Lightning Network. Since then, Sideshift AI has improved a great deal and features a wide variety of crypto assets to trade. One asset recently introduced is an SLP-based token called BTC2. The BTC2 token (not to be confused with the BTC fork of the same name) is basically an SLP token built on Bitcoin Cash that’s backed 1:1 with BTC. Sideshift AI is the custodian of the collateralized BTC and Brekken told news.Bitcoin.com that Sideshift.ai is to BTC2 what the firm Tether is to USDT.

If someone wants to purchase BTC2 they need to use Sideshift AI and exchange their BTC for the token. The price of BTC2, of course, fluctuates with the price of BTC and Sideshift AI will redeem BTC2 for BTC at any time. The new token also has a website called Corecash.org which has a slogan that says “Core Cash: Where Store-of-Value meets Medium-of-Exchange.” Core Cash (BTC2) lets you store and transact BTC on the Bitcoin Cash network, the website explains. This proposition gives BTC2 some value as it provides individuals with the means to transact with BTC for less than a penny per transaction.

Sideshift AI Is to BTC2 What Tether Is to USDT
Sideshift AI has released a document that describes how BTC2 shares similarities with USDT. The Omni Layer-issued token USDT is an IOU for USD where Tether holds the actual USD in their bank. “Sideshift AI is the custodian of the on-chain BTC and issues the BTC2 token in return,” the documentation notes. Speaking with news.Bitcoin.com, Brekken said he was excited to launch the core cash token.

“The overwhelming interest in USDT showed us that users would like to use cryptocurrency without being subject to its volatility,” Brekken remarked. “With BTC2, anyone with a Bitcoin Cash SLP wallet can have the security of the most heavily mined blockchain, Bitcoin (BTC), while still being able to transact cheaply with the low fees of the Bitcoin Cash blockchain.” The Sideshift developer added:
While having Sideshift AI as the custodian of one’s BTC adds a counterparty, BTC2 can also open new doors such as earning interest on BTC2. Once Cashshuffle supports SLP tokens, BTC2 holders will be able to store and transact BTC2 with greater privacy than what on-chain BTC offers today.

The release of BTC2 follows the first USD stablecoin issued on the BCH chain called honestcoin (USDH). The new USDH coin was listed on the cryptocurrency exchange Coinex and is backed by USD on a 1:1 ratio. With BTC2, users will get the same effect but with bitcoin core in a similar fashion to the ERC20 token called wrapped bitcoin (WBTC). But being an SLP token, users can store BTC2 on SLP compatible wallets like Crescent Cash, Badger Wallet, Ifwallet, and Electron Cash. The BTC2 token can also be viewed on the Simpleledger.info transaction explorer. At the time of publication, there are 100 BTC2 tokens in circulation and Brekken has told us that minting will take place when more liquidity is needed.
“Sideshift AI is excited to see Coinex launch its USDH token on Bitcoin Cash and is rushing to list USDH,” Brekken added.
What do you think about the BTC2 token built on top of the Bitcoin Cash network using SLP? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Jamie Redman, Twitter, Sideshift AI, Andreas Brekken, and Simpleledger.info.
Are you a developer looking to build on Bitcoin Cash? Head over to our Bitcoin Developer page where you can get Bitcoin Cash developer guides and start using the Bitbox, SLP, and Badger Wallet SDKs.
The post New SLP Token Allows You to Transact in BTC But With BCH Fees appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Meet the Developer Who Added Schnorr Signatures to Bcash

This week news.Bitcoin.com spoke with Jonathan Gonzalez, the blockchain developer who is currently maintaining the Bcash project, a Bitcoin Cash full node written in node.js. Gonzalez explained how he got into Bitcoin Cash development and how he managed to get the Bcash node fully compatible with last May’s fork, which introduced Schnorr signatures to the main chain.
Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash
Schnorr Signatures and Bcash
The Bitcoin Cash (BCH) network has a variety of full node implementations that are developed by different programmers. BCH nodes include implementations such as Bitcoin ABC, Unlimited, and Bchd. Last year in May, Purse.io launched an alternative Bitcoin Cash client called Bcash, a BCH protocol node written in node.js. The implementation of the BCH protocol written in node.js can operate as a full node as well as perform Simplified Payment Verification (SPV). Furthermore, it is composed of a wallet backend with BIP44 derivation, a general purpose BCH library, and a mining backend. However, just before the May 2019 upgrade, which added Segwit recovery and Schnorr signatures, Purse announced that they couldn’t maintain the Bcash repository anymore and hoped someone could take over the project.
Bcash was introduced to the BCH community in the spring of 2018 and was initially developed by Purse.io.
So Jonathan Gonzalez did just that and all by himself managed to prepare Bcash so it would be fully compatible with the recent upgrade changes. Gonzalez spoke with news.Bitcoin.com this week about how he got into blockchain development, more specifically why he decided to work with BCH, and why he decided to run with the Bcash project.
News.Bitcoin.com (BC): When did you get into developing and how did that gravitate to the cryptocurrency realm?
Jonathan Gonzalez (JG): Early 2016 is when I actually started to write software in a programming language called Clojure. Oddly enough my attention diverted solely towards Bitcoin by way of the Bcoin codebase. I was inspired by the project in the sense that it was an opportunity to actually learn the protocol or design of the system since it was the only structured implementation of the Bitcoin Protocol that I understood.

Got the entire bcash fullnode ported over for the Schnorr Bitcoin Cash hardfork. Chain syncs, and you can check the commits. Download the Schnorr branch and sync a node.
Great work everyone on the hardforkhttps://t.co/5T6RmoIjSv
— Jonathan Gonzalez (@rojikku1) May 15, 2019

BC: Why did you decide to work on Bitcoin Cash over another chain?
JG: [This occurred] during the time that I was building a foundation for myself in building out infrastructure projects and learning the Bcoin codebase in 2017. I had no idea about the Bitcoin hard fork up until the 3rd of August when I caught word of it while visiting Purse.io at their office. A month had passed since the visit and there was a big demand for an alternative implementation of the BCH protocol since during that time, there was practically none. Then later, companies like Bitpay, Purse started pursuing using BCH in their businesses. Perhaps the overall decision was circumstantial, nevertheless, I was inspired by the ambition to understand the protocol.
Like all new interests I develop over time, regardless if it’s lucrative or not, I try to the best of my ability to materialize them objectively and till now … [it’s] one of the reasons as to why I always find my way back into BCH.
Jonathan Gonzalez is currently maintaining the Bcash repo and has made it compatible with the last upgrade.
BC: You managed to get the Bcash full node implementation up and running after Purse had dropped the project — what made you decide to do that?
JG: I’d accredit that to my pride more than anything. Besides, I use the full node for its API in two services that I utilize daily. I wanted to make sure that if the project were to be disbanded it wouldn’t be due to my lack of interest or efforts.
BC: How did you get the Bcash full node to be compatible with the Schnorr signatures and Segwit recovery upgrade?
JG: The cryptographic library (bcrypto) that Bcash/Bcoin depends on under the hood ported the Schnorr algorithm into the ECDSA/Secp256k1 modules found in the library. Allowing signing and verification functions to be utilized with the Secp256k1 curve. Since there were only modifications to two of the opcodes found in the scripting system (OP_CHECKSIG and OP_CHECKDATASIG), there was no heavy lifting in modifying the stack since there was no change in the transaction portion of the codebase.
The open source Bcash full node code and documentation can be found here on Github.
So from there the only requirements for implementing the changes directly involved adding a few additional helper functions to the scripting system that allows the script to distinguish between DER/Schnorr encoded signatures by checking if the Schnorr flag value is set, along with determining whether or not the signature is 64 bytes, since DER and Schnorr differentiate in signature lengths (usually by 6 – 7 bytes).
Now in regards to Segwit recovery, I’ve added a few rules to the input, output script verification which detects whether a witness program is present. Since it’s simply just a recovery mechanism there are no modifications to the SIG_HASHTYPES. Nothing realistically changed in the signature hash so it simply looks for the redeem script to be a witness program and the regular witness program logic was ported from Bcoin. I’d say [Segwit recovery] was the easiest out of the two things to implement for the hard fork spec.
BC: Why do you think Bcash is a worthy node to build over other implementations?
JG: There are tons of interesting features that come along with the design of the codebase. For instance, the wallet is completely segregated from the full node and lives on its own node port. Something that Bitcoin Core hasn’t accomplished yet. Building APIs around the full node and wallet nodes are very simple to get up and running. The documentation found in the docs section of the project is also very descriptive and since it’s Javascript, running a REPL and testing out the libraries in the project makes it easy to understand and create new data structures for anything general purpose. This includes things such as creating scripts/transactions and running a regtest node in REPL. Features such as Neutrino, address/TX indexing have been backported into the full node library as well.
I’d also like to note that the code style found in the project is very clean and easy to understand. These are some things that off the top of my head I’m able to pitch to any developers out there seeking to build out infrastructure, or simply desiring to learn the protocol.
Maintaining the Bcash Repository, and Possibly Adding Future Enhancements Like Merkelix and Avalanche
BC: Do you aim to keep maintaining the Bcash repo?
JG: I do plan on continuing to maintain the project by adding additional protocol proposals to the codebase, along with porting over future hard fork specifications. I’ve recently taken an interest in adding a Schnorr multi-sig proposal branch to the node as well. I’ve been really interested in proposals such as Merkelix and Avalanche so I plan on finishing these features. Maintaining the full node allows me to experiment freely with actual motivation.
BC: Is anyone helping you?
JG: No, no one is currently helping in maintaining, nor downstreaming patches from Bcoin to the project.
I do plan on being involved in more developer meetups showcasing the codebase by demonstrating how simple and easy it is to use the full node for infrastructure projects or general purposes.
Bcash includes Schnorr signatures compatible with the current BCH network, Libsecp256k1, an advanced API, Compact Blocks, BIP151, BIP150, and a JSON RPC API.
BC: How do you feel about the current state of Bitcoin Cash (BCH) right now as far as the community and development is concerned?
JG: I’m not sure what to think of the community, but from my impression, I believe there’s definitely support in the developer realm, which otherwise would be nonexistent in Bitcoin. Although I’m not entirely familiar with the things that go on throughout social media, forums regarding BCH. I’m a bit of a loner and don’t have an interest in these sorts of things.
But in regard to development, the greatest facet of Bitcoin Cash is the scheduled six-month hard fork activations. It allows for BIPS/features to be considered as long as there exists a motive, a reason behind the proposals which is, in my opinion, is very innovative and worth paying attention to.
What do you think about Jonathan Gonzalez managing to get Bcash compatible with the last upgrade and maintaining the Bcash project? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Bcash logo, Jonathan Gonzalez, Github, and Twitter.
Are you a developer looking to build on Bitcoin Cash? Head over to our Bitcoin Developer page where you can get Bitcoin Cash developer guides and start using the Bitbox, SLP, and Badger Wallet SDKs.
The post Meet the Developer Who Added Schnorr Signatures to Bcash appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Bounty.Cash Pairs Projects With Developers Finding Solutions for BCH

Using bounties to seek solutions to various problems has proved to be a working approach for many projects in the crypto industry. Bounty.Cash is a platform that matches businesses and entrepreneurs with developers who are ready to solve issues with apps and features and get rewarded with bitcoin cash.
Also read: Buy From Home Depot and Walmart With Bitcoin Cash Through Alagoria
Outsource a Problem, Pay With Bitcoin Cash
Bounty.Cash is a service that allows you to set bitcoin cash (BCH) bounties against bugs and vulnerabilities in open-source features and services. If your project needs to outsource the solution to a problem, you can place a bounty stating how much you are willing to pay for the completion of the task. At the same time, other users can also pledge additional amounts to the resolution of someone else’s bounty. Developers, on the other hand, will be paid directly in BCH when they fulfill the requirements.

Bounties are classified in several categories – Apps and Features (bounties for new applications or features in existing apps), Services and Libs (bounties for new services and libraries for developers), Bugs (bounties for bug fixes in apps and libraries), Vulnerabilities (bounties for finding weaknesses in applications or services), and Misc. The last category contains ‘other bounties,’ for example for tutorials, videos, and graphic design.
Each bounty is listed with its title, a short description, fulfillment conditions, the user who created it, the pledged amount in dollar equivalent and its status which indicates if it is still open or has been completed already. To place a bounty you need to register with Bounty.Cash, providing a valid email address, a password for your account, a nickname and a wallet address. This BCH address will be used for rewards in case you complete a bounty yourself.
The online platform operates on a goodwill basis and relies on the honesty of its users on both sides. For instance, those who place bounties are not obliged to pay them in any way. That means when a completion of a bounty is questionable, Bounty.Cash will not necessarily intervene. However, users can be banned from the website in certain situations and its administrators can block attempts to abuse the system.
What other crypto bounty platforms do you know? Tell us in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party 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 third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
Are you a developer looking to build on Bitcoin Cash? Head over to our Bitcoin Developer page where you can get Bitcoin Cash developer guides and start using the Bitbox, SLP, and Badger Wallet SDKs.
The post Bounty.Cash Pairs Projects With Developers Finding Solutions for BCH appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government has just announced it’s releasing a 50,000 bolivar banknote. This is a little more than the minimum monthly wage but it can hardly buy you a decent meal in Caracas.
Also read: Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash
Central Bank Circulates New Bills With Higher Denominations
Banco Central de Venezuela has printed new banknotes of 10,000, 20,000 and 50,000 bolivar denominations which began circulating Thursday, June 13. With their release, the financial institution aims “to make the payment system more efficient and facilitate business transactions,” according to a statement published this past Wednesday. The bills, which will be introduced gradually, come to meet the requirements of the national economy, the bank noted.

The new emission comes less than a year since the socialist government announced the launch of a new redenominated bolivar, cutting five zeros off the national currency. Bolívar Soberano (VES), or “sovereign bolivar,” replaced the highly inflated “strong bolivar,” Bolívar Fuerte (VEF), which had itself replaced the original bolívar in 2008, cutting three zeros. Last year’s monetary reform was meant to ease cash shortages and restore confidence in the Venezuelan fiat money.
Authorities claimed VES will be anchored to the national cryptocurrency, the Petro, which is an oil-backed state-issued digital coin. Back then President Nicolás Maduro stated that “The economic reconversion will start on August 20 with the circulation and issuance of the new Sovereign Bolivar … a productive, diversified and sustainable economic model must definitely be born,” he insisted.
Empty supermarket shelves in Caracas
Inflation Expected to Hit 10,000,000% in 2019
However, as the economic conditions continued to deteriorate on the backdrop of escalating political clashes between government and opposition forces, the depreciation of the bolivar, which was the main reason for the redenomination, continued. As a result, inflation in the country exceeded 900,000% in 2018, according to the International Monetary Fund. Even the calculations of the Venezuelan central bank produced a six-digit figure – over 130,000%. And according to the CIA World Factbook, the CPI-based annual inflation rate has reached more than 800,000% in May 2019. The IMF projects that inflation will hit 10,000,000% this year.

When Bolívar Soberano was introduced in August 2018, the 500 bolivar bill was the highest denomination note. The largest 50,000 bolivar bill now equals a little over $8. That’s not a serious amount of money, even in a country where a large portion of the population lives in poverty and deprivation. The minimum monthly wage in Venezuela is set at 40,000 bolivars, or around $6.50. According to Trading Economics, it’s been raised twice this year and five times in 2018. Data compiled by Expatistan shows that a combo meal in a fast food restaurant will cost you around 25,000 sovereign bolivars, or $4. That’s almost two thirds of the minimum monthly salary.
Opposition Blames Regime for Inability to Control the Legal Tender
According to the Venezuelan opposition, quoted by The Guardian, the annual inflation rate reached a high of 1.7 million percent earlier this year. President Maduro’s administration has been blaming his country’s woes on U.S.-led sanctions and economic blockade, while his political opponents say it’s the government’s incompetence that has failed the oil-rich South American nation. Commenting on the release of the new banknotes, Juan Guaidó, opposition leader and self-proclaimed acting president of Venezuela, stated on Twitter:

The regime is unable to control the currency of legal tender: At the border, the Colombian peso is used; in the central region, the dollar or the euro; and in the south, gold. The dictator has shown that he does not govern and exhibits his total disconnection from reality.

“They took eight zeros off the bolivar, and it is no longer strong or sovereign. They invented an economic war, and they lost it,” added Guaidó who is a member of the social-democratic Popular Will party and was elected President of the National Assembly in January of this year. Shortly after his election as the speaker of parliament, he took an oath as an interim president during a protest rally. So far, Guaidó has been recognized as the head of state by almost 60 countries including the U.S. and its partners in Western Europe. Meanwhile, traditional allies of the government in Caracas, such as Russia, China, Iran, and Turkey, voiced their support for Nicolás Maduro.
Juan Guaidó
The inability of the executive power to tame inflation, which Juan Guaidó was talking about, has pushed Venezuelans to seek alternatives to the bolivar. Beside convertible fiat currencies such as the dollar and the euro, many businesses and ordinary people have also found them in decentralized digital coins. Bolivar’s persistent and rapid depreciation catalyzed the adoption of cryptocurrencies such as bitcoin cash (BCH) in everyday financial interactions. In the past couple of years, businesses accepting BCH have exceeded 200, according to the Marco Coino app but the actual number could be much higher as many more small merchants outside Caracas are adding bitcoin cash to their payment options.
What’s your take on the economic and political situation in Venezuela? Do you expect fiat hyperinflation and adoption of cryptocurrencies to continue to grow? Share your thoughts on the subject in the comments section below.
Images courtesy of Shutterstock.
Are you looking for a secure way to buy Bitcoin online? Start by downloading your free Bitcoin wallet from us and then head over to our Purchase Bitcoin page where you can easily buy BCH and BTC.
The post Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Review: The Corazon Trezor by Gray Is Made of Titanium

Hardware wallets don’t have to look beautiful – they just have to work. The Corazon by Gray is a silver titanium device that happens to deliver on both counts. USB hardware has never looked or felt so good in your hand. All that brushed metal and angular chic comes at a price though, which in the case of this Trezor on pretty pills starts at $695.
Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash
The Corazon Will Steal Your Heart But Hurt Your Wallet
Owning a designer hardware wallet presents something of a quandary. Like a tattoo in an intimate place, it should only be seen by a trusted few, but after eyeballing your 12th vodka shot, you want to show everyone. A hardware wallet is a special thing you should keep to yourself, but the Corazon doesn’t make that easy. This is the sort of gadget you could wear around your neck with a fat platinum chain. This isn’t a 90s hip-hop video though and if you walk the streets wearing the Corazon as a fashion accessory you’re gonna have a bad time.

As a reviewer, I have no option but to broadcast my ownership of crypto wallets, which include a Cobo Vault, Coldcard, Keepkey, Cool Wallet, Ellipal and several Ledgers. I’ve got a drawer full of them, complete with an assortment of recovery seed phrases for devices whose pin numbers I’ve almost certainly forgotten. My protection against being robbed is that each device holds a few hundred sats at most, added for testing purposes. When one satoshi achieves parity with the dollar, my collection of crypto dust will finally make me a target, but until then I’m not worth bloodying your wrench on.
Unless, that is, anyone were to covet my Corazon for its comeliness rather than its contents. Housed in an “aerospace grade” titanium case that’s been CNC machined by Gray is a Trezor Model T, one of the most popular hardware wallets on the market. The Corazon Titanium reviewed here retails for $695, rising to $995 for the limited edition Stealth or $1,495 for the even more limited edition Gold.
Lines you could linger over for days
What Makes the Corazon Tick
The Corazon comes in an attractive black box, with twin security seals ensuring it hasn’t been tampered with. Inside, the device nestles snugly, bidding you to reach out and prise it from its foam padding. Brace your wrist for the strain the moment your hand wraps around the hardware wallet. For a small gadget, the Corazon is surprisingly heavy – but reassuringly so. It’s no less than you’d expect from Gray, a luxury tech company best known for its premier accessories for iPhone, Samsung, and Macbook.
A second layer in the box peels back to reveal a quick-start guide and recovery cards, and below that, a third layer containing the finest looking USB cord you ever did see. Running its sinewy black and silver ribbed cord through your fingers, you feel feelings for a computer cable you didn’t realize were possible.
Once connected to my laptop, the Corazon is detected and I’m directed to Trezor’s setup page. There I’m prompted to install Trezor Bridge, software that will enable the web app to communicate with the Model T via my Mac. The file takes up less than 10 MB, and installs easily. Upon refreshing the setup page on the Trezor website, I’m prompted to click a button and the device’s firmware begins installing. The process takes under a minute, whereupon the wallet automatically restarts.

The Corazon in Action
Despite having reviewed close to a dozen wallets, Trezor’s wares have never crossed my threshold. The Corazon is the first Trezor I’ve set up, and the process proves easier than that of any wallet I’ve used to date. It’s rare in my experience for a wallet to work at the first time of asking, but be it due to good luck or good UX, the Corazon performs perfectly. Credit for this must go to Trezor, whose responsive touchscreen paired with an intuitive web interface is noob-proof. In terms of security, the Trezor Model T is equivalent to most of the consumer devices on the market; any physical exploit that a skilled hacker could leverage falls under the banner of “hypothetical,” unless you’ve got Mossad on your tail, in which case you should probably be fearing for your life, not your crypto.
Challenge accepted
The list of cryptocurrencies the Corazon Model T holds is extensive. A BTC wallet is automatically installed when you download the latest firmware, but adding other coins is as simple as selecting from a dropdown menu in Trezor’s web application, whereupon an address will be generated and a corresponding account added to your dashboard. I create a BCH address and fire over 0.1 BCH that I’ve got rattling around in a Bitcoin.com Wallet. It shows up in less than five minutes, with the BCH and USD values clearly displayed in the dashboard.
Yes, I’m sure
In addition to sending and receiving cryptocurrency, the Trezor wallet portal enables you to sign and verify messages using your private key and to connect to Myetherwallet or Mycrypto using your Corazon to serve as your Ethereum network signatory. There’s also the means to exchange currencies directly within the Trezor web app thanks to integration with coin-changing services such as Changelly and Changenow. My 0.1 BCH was matched with a best offer from Changenow, and a quoted bitcoin cash network fee of less than $0.01.
Thanks Trezor.
The real worry with the Corazon is that in the event of another crushing bear market, the device could easily wind up being worth more than the tokens you bought at the top and solemnly entombed in the device as your legacy to future generations. If you can invest wisely in cryptocurrency, however, and have enough left over to stretch to the Corazon, it will safeguard your coins while stealing your affections. Just don’t tell the world about it. Owning a Corazon is a love that dare not speak its name.

Would you spend $700 on a crypto wallet? Let us know in the comments section below.
Images courtesy of Gray and Trezor.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.comis 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 third party content, goods or services mentioned in this article.
The post Review: The Corazon Trezor by Gray Is Made of Titanium appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

An In-Depth Look at Iris, a New Decentralized Social Network

Cryptocurrency advocates have been discussing a new social media platform designed by one of Bitcoin’s earliest developers Martti Malmi, otherwise known as Sirius. The project he designed, called Iris, is a social networking application that stores and indexes everything on the user’s devices and connects directly with peers rather than using centralized and privacy-invasive algorithms.
Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash
Former Bitcoin Developer Creates Social Networking That Uses Cryptographic Key Pairs
Over the last decade, people have been on the hunt for the ultimate decentralized social networking experience that puts users 100% in control of their data. This quest has been a holy grail of sorts for cryptocurrency proponents as well as those who believe digital assets will be integral in driving a proper social media solution. There have been a few attempts where people have tried to design decentralized versions of Twitter and Facebook but so far none of them have really caught on. Although, one application called Memo.cash, a platform that utilizes the Bitcoin Cash (BCH) network, has gained some traction since it first launched over a year ago. The Iris platform created by one of Bitcoin’s earliest programmers, Martti Malmi, is another social networking alternative that is quite different than its centralized predecessors.

Iris stores and indexes everything on the user side and in the back end it uses cryptographic key pairs and a reputation system called the web of trust. The application promises to offer a social media experience that cannot be censored by authoritarian governments and it’s not controlled by a giant corporation. Iris aims to curb trolling and eliminate spam and advertisements that can be found on most of today’s social media networks.
“Iris is a social networking application that stores and indexes everything on the devices of its users and connects directly with peers who run the application – no corporate gatekeepers needed,” explains the software’s Github repository documentation.

Testing the Social Networking Platform
To provide an idea of what this application has to offer, I created an account on Iris on June 13. Iris is available to use at three different domains, iris.to, iris.cx and irislib.github.io, but it also offers browser extensions for Chrome and Firefox. Moreover, there are plans for an Electrum desktop app with Bluetooth and LAN peer finding. When using Iris, similarly to posting onchain using Memo.cash, everything you post is public.

To create an account on Iris I simply pressed the login tab and wrote my name in the new user field. Existing Iris users can paste their private key or drop the key file in the login window below. After creating a new account the software gave me access to the Iris dashboard where I can post and change my profile settings. In order to get a feed going in order to upvote friends, you can ask people for their QR codes to scan in order to make their posts visible. You can also browse an Iris address book as a starting point so you can follow other people’s posts.

In the settings section, you can gain access to your private key and it’s good to remember that if you log out you cannot log back in without the private key backup. When creating your account make sure you back up the Iris private key in the settings section. When you start to use Iris over time, by following a list of users and upvoting content, you start building upon what Iris calls the ‘web of trust.’ Essentially when you upvote another Iris user they become your first-degree contact, following this the accounts they upvote become secondary contacts and so on. This is how the web of trust builds and you can filter this scheme while also having the power to downvote.
“This way we can avoid spam and other unwanted content without giving power to central moderators,” the Iris documentation notes. “You can also add to your contacts list and rate people and organizations who are not yet on Iris.”
Web of Trust, GUN, and IPFS Solutions
On top of this, identity verifications can take place by utilizing peers trusted by your web of trust. For instance, if you lost the private key to your account you can simply create a new one and link your old Iris data by asking your web of trust for verifications. Iris creators have revealed other concepts that could be tied to Iris like cryptocurrency wallets. Digital asset wallet curators could design an Iris-based human-recognizable identity system that’s tethered to payment addresses. The developer specifications say that Iris could be used instead of telecom-bound phone numbers on mobile messaging apps like Signal. Additionally, users can opt to connect imports from existing services and have them digitally signed for verification purposes.
“In other words: message author and signer can be different entities, and only the signer needs to be on Iris — For example, a crawler can import and sign other people’s messages from Twitter,” Iris developers theorized. “Only the users who trust the crawler will see the messages.”
A look at how a user can post and follow the feed of people they choose to follow. Users can also create polls.
Getting used to Iris takes a few minutes, but after getting the hang of the interface it works quite well. Malmi’s creation still has an incredibly large hurdle to overcome which is attracting an active user base. This issue is what every decentralized social media app faces because it’s not really an enjoyable experience with no active people. Still, Iris offers what most incumbent social media giants don’t, which is decentralization stemming from messages and contacts stored and indexed on GUN and IPFS for backups. Moreover, other social media applications have issues with profiles being cloned in a malicious manner and Iris greets identity and reputation head-on. With more activity, Iris could become a successful social network. The problem is that enticing people to switch over is easier said than done.
What do you think about Martti Malmi’s social networking platform Iris? Let us know what you think about this subject in the comments section below.
Disclaimer: This editorial is intended for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned organization, social media platform, software or any of its affiliates or services. Bitcoin.com or the author 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.
Image credits: Shutterstock, Twitter-Martti Malmi’s profile, Iris, Jamie Redman, and Pixabay.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
The post An In-Depth Look at Iris, a New Decentralized Social Network appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash

On June 12, the cryptocurrency exchange Coinex announced the listing of a new Simple Ledger Protocol (SLP) token called honestcoin (USDH). The Honestcoin.io website details that the new token is a fully regulated stablecoin issued on the Bitcoin Cash network backed 1-to-1 for U.S. dollars.
Also read: Yahoo Japan-Backed Exchange Launches Crypto-Yen Markets and Margin Trading
Coinex Lists the USD-Backed Stablecoin USDH
The digital currency trading platform Coinex, an exchange well known for offering a wide range of BCH paired markets, has announced the listing of a new stablecoin backed by USD called honestcoin (USDH). The USDH news was actually leaked on June 11 when someone posted the website address to the forum r/btc, but at the time no one understood what the website meant. The person who leaked the information stated that the “official news comes later, this stablecoin has been discussed for one year in the Chinese community — It is regulated by the U.S. government.”
Honestcoin (USDH) can be viewed on the Simple Ledger Protocol transaction explorer Simpleledger.info.
The official news came when Coinex divulged information about the USDH listing 12 hours later on Twitter. The tweet then led to a blog announcement which explained that the trading platform’s executives had decided to list honestcoin.
“To provide a wider selection of crypto trading options for Coinex users, we have decided, after rigorous listing reviews, to list honestcoin (USDH) on Coinex,” the blog post notes. The Coinex blog continued:
Honestcoin (USDH) is the first regulated Stablecoin project issued on Bitcoin Cash by Honestnode and Prime Trust (A USA Trust company), 1-to-1 for US dollars.
USDH is paired with tether (USDT) on the Coinex exchange. Many BCH supporters are wondering when Coinex will pair USDH with bitcoin cash (BCH).
‘For the Freedom of Money’
Following the listing announcement, Coinex founder Haipo Yang declared that he was “excited” to see the first SLP token listed on the exchange. USDH can easily be viewed on the SLP transaction explorer Simpleledger.info and currently there are 11,030 USDH in circulation and the minting baton status is alive. SLP tokens like USDH can be designed with a minting baton which means that the baton owner can issue more USDH.
Registering on the main website requires an account to use the Honestcoin.io services which mandate identification information and photo ID.
Honestcoin is trading live on Coinex for $1 at the time of writing as it’s paired with the Omni Layer issued stablecoin tether (USDT). The Honestcoin.io website shows that individuals and institutions can sign up to buy and redeem USDH. “For the freedom of money,” the token’s website slogan declares and mentions that honestcoin is a “fully regulated stablecoin that can be bought, sold, invested in or spent as freely as you wish.”
The Honestcoin.io website hints at a payment system with invoices and an application called Honestpay for mobile devices.
Signing up for the website’s services at first takes an email and password to log in to the dashboard. The signup process itself is far more complex and asks for personal identification information and photos. The website states that in the future users will be able to collect payments with honestcoin and the site shows a preview of a payment invoice with QR code. After the KYC verification process is complete, users can access the buy and sell options available on the Honestcoin.io website. Account registration is required to utilize the site’s services but people can also buy and sell USDH using Coinex.

The launch of the new honestcoin token using the Simple Ledger Protocol means that users can store USDH on wallets like Badger, Ifwallet, Electron Cash, and other SLP supporting wallets. The coin’s website also hints at a smartphone application called Honestpay and another application that will allow users to invest with USDH. The website shows that the project is backed by the funding firms Preangel, Cryptodiva, Block VC, Ciming Checkup, and Manzi Fund.
What do you think about the new SLP-based honestcoin (USDH) listing on Coinex? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, USDH, Honestcoin.io, Coinex, Twitter, Ifwallet, and Simpleledger.info.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
The post Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

How to Exchange Your Amazon Gift Cards for Bitcoin Cash

If you’re looking to acquire some cryptocurrency without having to open an account at a centralized exchange, there are several ways to do so. One is to convert Amazon gift cards into bitcoin cash via Purse.io while helping others spend their BCH.
Also Read: Coinbase Launches Crypto Debit Card in 6 European Countries
Earn Bitcoin Cash With Purse.io
Purse.io is a platform that connects crypto shoppers with anyone who wishes to exchange their Amazon gift cards for bitcoin cash. In order to participate in the program as an “Earner” you don’t need to send the actual cards to any interested buyers over the mail. Instead, all you have to do is fulfill their orders on Amazon. The platform holds the cryptocurrency needed for a purchase sent by the shopper and once the confirmation of the delivery to them is received, you will be given the agreed payout.
Screenshot Purse.io
If you are thinking about converting your Amazon gift cards into bitcoin cash using Purse.io in this way, you should keep in mind that shoppers are expecting to receive discounts in exchange for their cryptocurrency. According to the statistics published on the site, the company has facilitated more than 300,000 orders during 2018 with an average discount of 18%.
Another way to acquire some BCH, without having to open an account with a centralized exchange, is by using Local.Bitcoin.com. It’s a recently launched global marketplace for peer to peer bitcoin cash trading focused on privacy.
What do you think about using Purse.io for earning BCH? Share your thoughts in the comments section below.
Images courtesy of Shutterstock and Purse.io.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.
The post How to Exchange Your Amazon Gift Cards for Bitcoin Cash appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

Indian Government-Backed Program Offers Crypto and Blockchain Course

An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from. Among the topics covered are Bitcoin basics and consensus. Meanwhile, India’s regulatory framework for cryptocurrency is reportedly ready.
Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms
Government-Backed Project
A learning platform called Swayam, which was initiated by the Indian Government’s Ministry of Human Resource Development, is offering a free computer science course on Bitcoin, cryptocurrencies and blockchains. This 12-week undergraduate course entitled “Blockchain Architecture Design and Use Cases” runs from July 29 to Oct. 18. The exam will be on Nov. 17 for those wanting to obtain a certificate from the course. This is an All India Council for Technical Education (AICTE) approved Faculty Development Programme (FDP) course.
Swayam describes:
The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centers.
The certification exam is optional but costs Rs 1000 (~$14). It will be conducted in various cities throughout the country which will be revealed at the time of signing up. Cities that have held exams for other Swayam courses include Lucknow, Kolkata, Guwahati, Mumbai, Thane, Ahmedabad, Bangalore, Chennai, Hyderabad, and Thiruvananthapuram.

A similar course was previously offered in July last year and January this year through the NPTEL website, a project funded by the same ministry. 20,735 people enrolled in July last year and 14,746 enrolled in January. New NPTEL courses from the July semester onward will only be offered through the Swayam platform.
“Swayam seeks to bridge the digital divide for students who have hitherto remained untouched by the digital revolution and have not been able to join the mainstream of the knowledge economy,” its website details:
All the courses are interactive, prepared by the best teachers in the country and are available, free of cost to any learner … More than 1,000 specially chosen faculty and teachers from across the country have participated in preparing these courses.
What Students Will Learn
In the first week of the course, students will learn “Basic Crypto Primitives” and an “Introduction to Blockchain,” which includes the basics, history, architecture, and conceptualization. Basic Crypto Primitives continues through the second week when students will also learn more of the basics of Bitcoin and “Distributed Consensus.”
While the majority of the coursework focuses on code and computer science concepts, the Bitcoin Basics lectures give the full picture of Bitcoin including some limited economics and how the cryptocurrency is in competition with central banks globally. “You must limit the currency to have their value. If you put up a lot of currency in the system, it will gradually reduce the value of that particular currency,” one of the lectures explains.
A slide from one of the course lectures by Professor Sandip Chakraborty.
In the third week, “Consensus in Bitcoin” will be taught, including the basics of proof-of-work and the role of miners. Students will also learn about permissioned blockchains which will continue to the following week. The fifth and sixth weeks will focus on hyperledger with the remaining of the course discussing applications for blockchains, including uses in government and financial services.
The reading material for the course includes “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas Antonopoulos and “Blockchain” by Melanie Swan.

The course has two instructors listed: Professor Sandip Chakraborty and Dr. Praveen Jayachandran. The former is an assistant professor with the Department of Computer Science and Engineering at the Indian Institute of Technology Kharagpur (IIT Kharagpur); his research focuses on computer systems, distributed systems and mobile computing. The latter is a researcher and manager of the Indian Blockchain and Smart Contracts team at IBM Research.
Discussion of Indian Crypto Regulation Heats Up
This Swayam course will start one week after the Indian supreme court is scheduled to hear the cryptocurrency case. The court is expected to address the regulatory framework for cryptocurrency as well as the banking ban by the central bank on July 23.
The interministerial panel tasked with drafting the country’s cryptocurrency regulation is ready to submit its recommendations to the finance minister, according to Finance Secretary Subhash Chandra Garg who heads the panel.

Meanwhile, there has been much speculation about what the regulation entails. Two major publications in India, Bloombergquint and the Economic Times, have claimed to know some details of the cryptocurrency bill. However, a number of industry experts have analyzed their articles and concluded differently.
The actual report containing the recommended cryptocurrency framework for India will soon be submitted to the finance minister who recently attended the G20 Finance Ministers and Central Bank Governors Meeting in Japan where crypto asset regulations were discussed. India, along with other G20 countries, has reaffirmed that it will follow the standards set by the Financial Action Task Force which is expected to release its new Guidance for Virtual Currencies later this month.
What do you think of Swayam offering this crypto and blockchain course? Let us know in the comments section below.
Images courtesy of Shutterstock and NPTEL.
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Bron : Bitcoin en toekomst van crypto

John McAfee Launches ’Magic’ Crypto Trading Multi-Platform and Debit Card

On June 11, following his latest tirade on social media, John McAfee announced the launch of his new cryptocurrency trading platform called McAfee Magic. The project allows for manual and automated crypto trading across a variety of digital asset exchanges all displayed in one user interface. According to the website, the service is the second product besides his well-known antivirus software to bear the McAfee name.
Also read: Yahoo Japan-Backed Exchange Launches Crypto-Yen Markets and Margin Trading
Aims to Give Traders a Magical Experience
The cryptocurrency advocate and former antivirus software tycoon John McAfee has launched a digital currency trading platform. The project called McAfee Magic is really an access point that combines manual and bot trading across a slew of exchanges in one interface. The website explains that the ‘magic’ is being able to quickly make a trade while your preset automated bots make hundreds of trades for you on different trading platforms. McAfee Magic also gives traders the ability to execute shadow trades, a method that allows newcomers to copy or shadow the trading techniques of professionals. The website states:
The ‘magic’ is that novice traders are not required to fund ‘trader’ accounts. Novices retain control over access to their funds at exchanges. (‘Your keys’ your ‘crypto’) — that’s McAfee Magic.
McAfee Magic uses an ERC20 token called Arbitrage (ARB). The startup called Arbitraging.co runs the token project and has created the ABOT. Arbitraging.co claims ABOT is a seamless, automated arbitrage bot that is capable of working 24 hours a day creating passive income.
The project is quite different to most trading platforms as the protocol itself provides access to eight exchanges and allows for bot trading with over 500 digital currencies. McAfee Magic is powered by an ERC20 token called Arbitrage (ARB) and the website’s FAQ says the site is operational in all jurisdictions. McAfee announced the service after a series of tweets revealing how he’s been fleeing from the U.S. government and a Bahamian police officer.
“Sorry to be late with my magnum opus trading platform,” McAfee remarked on Monday. “But I did not anticipate having to mud wrestle the Bahamian Police Commissioner along with dodging assassins this week — But better late than never — Here it is.” In addition to the announcement, McAfee said that “next week” crypto debit cards are coming.
The McAfee Magic dashboard.
A Look at McAfee Magic Dashboard and the Freedom Coin Announcement
After McAfee announced the project, news.Bitcoin.com decided to register and take a look at what the platform has to offer. At first, it took a long time to sign up for McAfee Magic and it seemed the platform’s servers were bogged down after he first announced the project. Then, after registering, I still had several login issues and it took over half an hour to finally sign in to view the site. The website seemed to be down several times on Wednesday, June 12 as well. When I finally logged in, the site gave me access to the McAfee Magic dashboard, which allows you to access the trade portal, shadow portal, your wallet, and interface settings. You can add multiple exchanges to the dashboard view with platforms like Binance, Kraken, Poloniex, Huobi, and Bittrex.
McAfee Magic provides access to 8 exchanges and over 500 cryptocurrencies.
Besides the initial hiccups, the interface is professional looking and offers a trading view and depth charts for each exchange. There are a lot of coins shown on the dashboard which include top 10 contenders like BTC, ETH, BCH, and ERC20 tokens. The service utilizes the ERC20 ARB, which is also called ‘Fuel,’ but you also need to purchase ARB to become a McAfee Magic member.
“What is needed is a coin disconnected from fiat currencies and from other cryptocurrencies alike – a coin with zero cash-in value, yet accepted universally,” John McAfee’s latest website explains.
The new platform follows a few of the other projects under McAfee’s belt that he has initiated over the last few months. For instance, McAfee helped launch the Bitfi Wallet but he’s also launching a cryptocurrency called Freedom Coin. The coin is quite interesting as the website declares that McAfee’s Freedom Coin is “not, by any means, a technology breakthrough.”
“The value of the coin will always be zero in relation to any other currency yet its natural market value is free, completely, to grow,” explains the website.
It’s too early to say whether or not McAfee’s Magic exchange provides the tricks and the bot schemes that traders would want right now. Crypto enthusiasts on Twitter seemed to like the concept and congratulated McAfee in regard to the launch. Moreover, the community will be waiting to see the new debit card McAfee hinted about in his tweet as well. However, people also wonder how McAfee will be able to operate a new exchange, while also being on the run from tax collectors. In the meantime, McAfee explained on June 12 that the reason the site was down so much was because the platform was being attacked by hackers.
“The AWS servers used by McAfee Magic are still under a cloaked DOS attack. I would like to thank the hackers from the bottom of my heart for the free publicity,” McAfee remarked on Twitter. “Some idiot using the Tor Browser, as if that will save them — It is a true amateur hack,” he added. News.Bitcoin.com can confirm that McAfee Magic is still not loading properly this Wednesday at 4:30 p.m. EST.
What do you think about the McAfee Magic trading platform? Let us know what you think about this subject in the comments section below.
Disclaimer: This editorial is intended for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned company, trading platform or any of its affiliates or services. Bitcoin.com or the author 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.
Image credits: Shutterstock, McAfee Magic, Twitter, and Pixabay.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
 
The post John McAfee Launches ’Magic’ Crypto Trading Multi-Platform and Debit Card appeared first on Bitcoin News.
Bron : Bitcoin en toekomst van crypto

The Blind Trust Described in the Kleiman vs. Wright Lawsuit Is a Real Head-Scratcher

There’s been a number of developments in the ongoing Kleiman vs. Wright lawsuit lately. After Craig Wright’s sworn deposition, the plaintiffs contend that Wright’s categorical refusal to answer questions about his bitcoin addresses and his marriage(s) needs to be reevaluated. Wright’s legal team say he’s done everything possible to comply with the court’s orders but the Kleimans believe the self-proclaimed Satoshi has been stonewalling for nine months.
Also Read: Satoshi’s Pre-Release Bitcoin Code Contains Fascinating Findings
The First 70 Blocks and the So-Called ‘Blind Trust’
The ongoing Kleiman vs. Wright lawsuit has started to heat up as the plaintiffs want more answers from Craig Wright, the man who claims to be Satoshi Nakamoto. The Kleiman estate represents the now deceased David Kleiman, a security researcher that some believe may have been a member of a pseudonymous group operating under the Satoshi Nakamoto monicker. According to Ira Kleiman, his brother David’s inheritance was manipulated during a multi-year partnership with Australian native Craig Wright. More recently Wright was deposed and refused to answer questions about his current and former wife and certain questions in regard to his alleged bitcoin addresses. Wright did claim to own the addresses to the first 70 blocks mined on the Bitcoin blockchain and provided some information concerning an ostensible blind trust.

Not long after the once redacted list of bitcoin addresses was unsealed, bitcoin security specialists Wizsec researched the addresses and stated Wright’s claim of ownership was still meaningless. Moreover, one of the addresses allegedly used in the case (Wright claims the address is a forgery) was signed by the real owner on May 16, 2019. The legitimate owner of the address in question called Wright a liar and a fraud in the signed message. Wright’s legal team explained that he could provide the public addresses for the first 70 blocks, but also said: “he did not have public addresses for bitcoin that was mined after those blocks because that information is held in a blind trust.” A court filing from June 11 describes in great detail the reasons why Wright presumably cannot disclose certain information tied to the purported trust. Wright’s lawyers did emphasize to the court that “Dr. Wright is the best person to explain the complex manner by which bitcoin was mined and held in the trust.”

Describing the Blind Trust’s Complexity
According to the court document, after he mined the first 70 blocks of bitcoin, Wright allegedly designed a unique algorithm. This algorithm automated the key generation process so that after block 70 was mined, blocks that followed would be assigned to a different public address. This supposedly means the coins were mined directly into the blind trust after this scheme was implemented. The document also says that Wright disposed of all of his mining rigs used to process bitcoin blocks throughout 2009 and 2010. “[Wright] did not keep any list of the public addresses associated with the bitcoin he mined after block 70,” the document explains. “Dr. Wright ceased mining by the end of 2010 — At that time, the value of bitcoin fluctuated between $0.06 and $0.29.” The defense filing continued:
The private key needed to access the encrypted file with the data necessary to retrieve information about bitcoin Dr. Wright mined after block 70 has been split into multiple key shares (in lay terms, multiple parts) through a version of “Shamir’s Secret Sharing Algorithm”, an algorithm created by Adi Shamir to divide a secret, such as a private encryption key, into multiple parts.

After using Shamir’s Secret Sharing Algorithm, Wright insists that the key shares were then distributed to multiple individuals included in the blind trust. The system Wright and his partners imposed made it so no single participant could extract the information and Wright alone does not have the ability to access the encrypted file. “Dr. Wright does not know the public addresses of the bitcoin held by the trusts (i.e., the bitcoin mined by Dr. Wright in 2009 after block 70, through 2010).” Because of the blind trust complications, the document seems to suggest that Wright doesn’t have enough information to claim ownership (sign) because the keys were transferred into the blind trust with multiple owners.

Plaintiffs Don’t Buy Wright’s Argument and the Crypto Community Continues to Fact Check
However, the plaintiffs still want a comprehensive list of the public addresses of all the bitcoin Wright allegedly mined before December 2013. An order signed by the Judge shows that Wright must produce this list by June 17, 2019, and if he cannot comply the court may conduct a show cause evidentiary hearing. The defense believes that the Kleimans’ demand that “Dr. Wright authenticate every single document related to the trusts is facially overburdensome and unreasonable.”
“Dr. Wright has produced hundreds of documents related to the trusts including documents that he did not sign or prepare,” Wright’s litigation team noted on June 11.

The last few weeks of documents stemming from the Kleiman vs. Wright case has opened more doors within this seemingly never-ending rabbit hole. Wright’s recent motion, Document 187, for a protective order, was heavily redacted because he feared criminals would seek retribution against him and an unredacted footnote also showed the name, Paul Le Roux. This information opened up another rabbit hole where some people have suggested that Le Roux may have participated in designing the Bitcoin network. In addition to Le Roux being added to the story, many cryptocurrency fans watching the case from abroad have been questioning some of the statements made by Wright so far. For instance, Vin Armani from Cointext and Dustin Dreifuerst from the podcast Didyouknowcrypto.com (DYKC) asked how the coins from blocks 1-70 can be in a blind trust if he used the private key from block #1 to sign in front of Gavin Andresen.
“Craig signed a message that I chose (“Gavin’s favorite number is eleven. CSW” if I recall correctly) using the private key from block number 1,” Andresen told the public three years ago. “That signature was copied on to a clean USB stick I brought with me to London, and then validated on a brand-new laptop with a freshly downloaded copy of electrum.”
In addition to this showing, Bitcoin Foundation member Jon Matonis revealed in a blog post written on May 2, 2016, that he also witnessed the signing and verifying of messages using private keys from blocks 1 and 9. Crypto enthusiasts have further pointed out that the coins from blocks 1-70 have never moved and the blind trust story sounds extremely far-fetched. As the legal battle continues to unfold in Florida, many onlookers still think that more information will uncover some of the mysteries behind this case and whether certain particulars are true or fabricated.
What do you think about the latest details in regard to the ongoing Kleiman vs. Wright case? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Wiki, Twitter, Pixabay, Court Listener, and Pacer.
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Bron : Bitcoin en toekomst van crypto

Initial Exchange Offerings Are Showing No Sign of Slowing Down

Six months in and initial exchange offerings (IEOs) are refusing to die. Following a year of ICO stagnation in 2018, it appeared that the crypto crowdfunding bubble had popped, sending tokenized projects back to the drawing board. Instead, the medium has been reborn under a different banner. In 2019, IEO token issuance is all the rage, but how long will the trend last?
Also read: Coinbase Launches Crypto Debit Card in 6 European Countries
Wirex Announces a Token Because 2019
Initial exchange offerings are commonly used to bootstrap new crypto businesses – not profitable companies that have already been around for years. Nevertheless, when Wirex shared details of its proposed initial exchange offering on June 10, there was a certain inevitability about it. Despite having survived since 2015 without a token, the crypto payment app will soon be complemented by a native WRX token. A private sale will be held to verified users of the Wirex app, followed by an IEO on Okex’s Jumpstart launchpad on June 26.

Like any serious crypto project, the WRX token comes with its own whitepaper, which details ambitious plans to roll out Wirex to users in India, Japan, and Africa in the coming year. Wirex is seeking to raise $8M from its private in-app sale and subsequent IEO, but has been at pains to stress that this is not a cash grab, stating: “This is not Wirex’s top priority, which is why we’re only putting 1% of the total token supply up for sale during the IEO. Ultimately, the long-term success of Wirex and the eventual adoption of a token economy are our primary concerns.”
IEOs, marked in green, have exploded this year as a percentage of crypto industry fundraising.
Initial Exchange Offerings Are Getting Meta
As the craze to tokenize everything by IEO intensifies, it has led to some curious collaborations between companies that might otherwise have been regarded as competitors. Bitfinex’s LEO token is now listed on Gate – whose Gatechain Token (GT) is in return tradable on Bitfinex. Six months ago, exchanges listing one another’s tokens would have seemed unthinkable, but as the market share of runaway leader Binance, aided by its native DEX, grows, exchanges are learning that the enemy of their enemy is their friend.
Bitfinex’s LEO token.
That several initial exchange offerings to date have been for exchanges issuing their own token seems recursive, but is indicative of an industry that is still struggling to find practical applications for tokens other than trading them for other tokens – speculation, in other words. Following its $1B private sale, the Bitfinex LEO token has been on the rise, having gained 50% in the last week, and is now worth double its initial $1 price. Elsewhere, Bitsdaq will begin trading of its BQQQ token, which was issued via IEO last week, later today. The new exchange, which will gain its liquidity from Bittrex, is predictably planning to serve as an IEO launchpad for Asian crypto projects.

Raj Kadam of crypto data site Blockmodo told news.Bitcoin.com: “We’re seeing a lot of FOMO with IEOs, as exchanges clamor over whose sale sells out fastest, and retail investors pile in, without even fully understanding the token they’re buying. That said, there are some clear benefits to this model over the ICO.”
He elaborated: “With previous investments, both in terms of venture capital funding and initial coin offerings, the public were left as bagholders at the point of exchange listing. IEOs have flipped that and now a lot of the price discovery is occurring on-exchange, when tokens are listed. This makes for a much more level playing field, and incentivizes a wider community of token holders.”
What are your thoughts on IEOs? Let us know in the comments section below.
Images courtesy of Shutterstock, Coincodex and Inwara.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
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Buy From Home Depot and Walmart With Bitcoin Cash Through Alagoria

Ordering from large retailers doesn’t necessarily have to involve fiat money, even when these merchants have yet to adopt crypto payments. A platform called Alagoria lets you buy items sold by Home Depot and Walmart and you can pay with decentralized currencies such as bitcoin cash.
Also read: Bitcoin People Directory Lists Crypto-Friendly Merchants
Alagoria Gives BCH Holders Access to Major Retailers
Alagoria.com is a website that allows you to purchase products offered on Homedepot.com and Walmart.com. To do so, find an item you want to buy and then copy and paste the URL into Alagoria’s search bar. The platform will check its latest price and availability as well as the sales tax and shipping cost, before it lets you add it to the shopping cart.
At checkout you’ll be able to pay with your favorite cryptocurrency. Alagoria supports four major coins – bitcoin cash (BCH), bitcoin core (BTC), litecoin (LTC), and zcash (ZEC). Despite the irreversibility of crypto transactions, the company covers damages and costs resulting from purchases made with it for up to $10,000.

To shop via Alagoria you need to create an account. The website respects your privacy and requires only a valid email address and a password. Its team promises to place the order on the retailer’s website within five minutes of submission to ensure fast delivery. They will notify you as soon as the item is shipped and provide you with a tracking number. Most items are typically delivered within three to four business days. Alagoria currently ships only in the U.S.
The crypto-friendly intermediary claims you’ll be able to save around 10% by paying for your order with cryptocurrency. The platform buys discounted Home Depot and Walmart gift cards from people who don’t want or need them and uses these cards to fulfill orders placed by other customers. It pays for the gift cards in crypto.
If you need an alternative way to buy items with bitcoin cash, check out the Spend Bitcoin Cash page developed by Bitcoin.com. Use it to shop online for a variety of products or to order gift cards for major retailers including The Home Depot.
Have you used platforms like Alagoria? What other websites providing similar services do you know? Tell us in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party 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 third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy Bitcoin with a credit card.
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Coinbase Launches Crypto Debit Card in 6 European Countries

Coinbase Card is being made available in six new countries across Europe. The service enables users to spend their digital funds in-store and online, supporting all crypto assets available to trade on the Coinbase platform such as bitcoin cash.
Also Read: How to Buy a Cryptocurrency Hardware Wallet With Bitcoin Cash
Coinbase Card Expands Across Europe
San Francisco-based cryptocurrency exchange Coinbase has announced that it is expanding its Visa debit card service in six new European countries. Coinbase Card, which was launched in the U.K. in April, will now be made available to customers in Spain, Germany, France, Italy, Ireland, and the Netherlands. The service enables account holders from the supported countries to spend their crypto balances in a familiar way to anyone with a debit or credit card.

The Coinbase-powered cards are issued by Paysafe Financial Services, part of the same multinational online payments group which operates Neteller and Skrill, and is regulated by the U.K’s Financial Conduct Authority. Customers of the exchange who wish to order the card need to sign up for a waitlist using the associated mobile app. Once the list is closed their balances will be spendable via an in-app virtual card while a physical card will be sent in the mail.
Crypto Cards Bring New Options for Spending BCH
The card supports all digital assets available on the Coinbase platform such as bitcoin cash (BCH) and customers can use it to pay in millions of locations where Visa is accepted, as well as to make fiat cash withdrawals from ATMs. The company has explained that when customers use their cards it instantly converts the selected crypto assets into fiat which is received by the merchant.

If you are not a Coinbase account holder or reside in an unsupported country, there are a host of other options available for using your BCH with a debit card. Hong Kong headquartered platform Crypto.com recently added support for BCH, Spain-based Bitnovo’s Bitsa card is another option and you can find additional BCH supporting cards here.
What do you think about the crypto card from Coinbase expanding across Europe? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.
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Bitsa Is a Crypto Card Europeans Can Top Up With BCH

The release of a new crypto debit card is an event that deserves attention. On one hand, the launch shows there is a growing demand from cryptocurrency users. On the other, it means businesses see an opportunity to profit from providing this type of product. Bitnovo, a Spain-based fintech company, now offers a Visa prepaid card which can be loaded with bitcoin cash.
Also read: Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon
Bitnovo Introduces Bitsa to Several Markets in Europe
One of the latest offerings in this niche entered the market quite recently. Bitnovo’s prepaid Visa card called Bitsa was launched a couple of months ago in addition to the platform’s Bitcards. It can be topped up with bitcoin cash (BCH), among a total of seven cryptocurrencies, and a number of other payment methods.
Since April, some European users of Bitnovo, which is a platform that trades over 20 digital currencies, can order their new Bitsa card, which can be used to pay anywhere Visa is accepted and withdraw cash from ATMs around the world. It allows holders to make online purchases, pay in brick and mortar stores and online merchants.

With Bitsa you can not only transfer money between different cards but also make payments to any financial institution within SEPA, the single euro payments area. The card employs the Verified by Visa system, so payment security shouldn’t be a problem.
To order a Bitsa card, you don’t even need to have a bank account, although you’ll be able to transfer funds to other cards and accounts. This way Bitsa provides you with easy access to financial services and that’s something the unbanked in Europe should appreciate and take advantage of.
Load Your Card With Cryptocurrencies and Vouchers
The new card offered by Bitnovo can be loaded with bank transfers, cryptocurrencies like bitcoin cash, vouchers as well as gift cards that are sold online. You’ll be able to request a virtual or a physical contactless Bitsa from your account. To create one, you need to provide your email address, phone number, and choose a password.
The Bitsa account and the virtual card are free, while the plastic will cost you €19.95. There is no maintenance fee and the crypto top-up with cryptocurrencies is free of charge. Purchases outside the Eurozone are charged with a 1.5% fee. The maximum amount that can be withdrawn at ATMs is 1,500 euros daily. Purchases are only limited to the balance on the card.
The Bitsa card is also currently available on Sixthcontinent.com, an Italian profit sharing platform specialized in selling gift cards in various European markets. The prepaid card can be loaded with vouchers bought from the website.
Through Sixthcontinent, the crypto card is now offered in Italy, Spain and Portugal, and it will be released in France and Germany in the near future. Commenting on the launch of the prepaid Bitsa card, Bitnovo’s Chief Marketing Officer Roberta Quintiliano told news.Bitcoin.com:

Given the outcome we are having in Italy and other European countries, and since it is a card that allows free and easy access to financial services for the unbanked, this could be a very exciting news for the crypto community.

How to Top Up Your Bitsa Card With Bitcoin Cash
Loading the Bitsa card with cryptocurrencies – BCH, BTC, LTC, DASH, XLM, XRP, and ZEC – is fast and easy. To top up your card with bitcoin cash (BCH), for example, you need to first download and install the free Bitsa app, which is available in both Google Play and the App Store.
Once you link your virtual or plastic Bitsa is with the application, or associate with your online account, you have to go to the app’s Top Up menu, choose the Cryptocurrency option and select Bitcoin Cash. You can set the amount in either BCH or EUR equivalent and then hit Continue.

The next screen will show you a summary of the transaction and a couple of payment options. You can either pay with the wallet installed on your smartphone or choose to load the card with a wallet on a different device using the generated QR code. Once the BCH amount has been sent, your electronic cash will be converted to euros.
With cryptocurrencies it will be possible to instantly top up the Bitsa prepaid card, “thus guaranteeing quick and easy access to financial services, also to the unbanked public in Italy, Spain and Portugal,” Bitnovo noted in a press release. “We are very pleased with this achievement and we are sure that it is only the first of the many steps we will take to continue to provide everyone with free access to financial services, so they will no longer be an exclusive prerogative of banks,” the Spanish company stated.
Which crypto debit cards have you used? Do you have a favorite? Tell us in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party 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 third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Bitnovo.
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Bron : Bitcoin en toekomst van crypto

After Fleeing From the US Government John McAfee Warns His Enemies

For a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U.S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone.
Also Read: CME’s Bitcoin Futures Hit New Records
McAfee: ‘All I Wanted Was to Be Left Alone’
John McAfee is well known for starting a multi-billion dollar antivirus software corporation but he’s also known for his flamboyant personality over the years. McAfee’s recent troubles started during the beginning of the year when he tweeted to his 960,000 followers that he was now “living in exile.” He explained at the time that he was charged with felonies handed down by the Internal Revenue Service (IRS). McAfee stated on his boat that he and his wife Janice received notice from a grand jury for “various tax fraud issues.” “I have not paid taxes for eight years and I have made no secret of it,” McAfee told his fans. For a while, McAfee didn’t seem to have any issues traveling around the Caribbean islands with his crew and shared pictures and videos of himself living at sea.

Then, during the second week of May, one of McAfee’s campaign staff explained that John was going offline in fear for his life and freedom. “Developing events have made it necessary for John McAfee to go dark — Please be advised that this account will be operated by staff until further notice,” the staff member announced. “More details will be released in time.” When McAfee returned online, he told his Twitter followers that he and his wife Janice were “safe and sound in their new backyard as defiant, joyful and free as ever.” Many people suspect that McAfee has been meandering around the Bahamas from various posts on social media. However, McAfee’s geo coordinates, at least according to Twitter, shows he and his crew have been traveling the Atlantic, stopping off in places like Cuba, Bermuda, and Venezuela. On June 9, a specific Twitter post from Cuba addressed to McAfee’s followers explained that his recent tweets are really for his pursuers.
“My recent tweets are less for you than they are for my pursuers. They are shots across the bow — Leave me the fuck alone, or go down with the corruption you have embraced, because I will fucking bury you if you continue,” McAfee boasted. “Doubt me at your own fucking risk.” The very next day McAfee stated:
All I wanted was to be left alone. I paid tens of millions of dollars in taxes and received only the condescension of Federal employees, when I needed services, in return. I chose to pay no more. This is my crime. You should have left me alone.
The Backup Plan: 31+ Terabytes of Incriminating Data
McAfee now claims that the Department of Justice is in the midst of compiling a claim against him for money-laundering, racketeering, and even murder. According to McAfee, the Bahamas Assistant Police Commissioner Paul Rolle is now after him as well. The cryptocurrency advocate emphasized on June 11 that Rolle is cooperating with a rogue CIA agent in order to “collect” him. However, McAfee has a backup plan in place and insisted that he has collected files on corruption in governments and for the first time plans on naming names and specifics.
“I’ll begin with a corrupt CIA agent and two Bahamian officials — If I’m arrested or disappear, 31+ terabytes of incriminating data will be released to the press,” McAfee informed his enemies.

Bahamas Assist. Police Commissioner – Paul Rolle co-operates wirh Rogue CIA agent – Patrick Costello, to collect me. Rolle now wants proof of bad deeds. I will publish his deposits and withdrawals from Fidelity Bank, acct # 871040052816. OK Mr. Rolle? Should have Googled me. pic.twitter.com/NlaAX0fm9r
— John McAfee (@officialmcafee) June 11, 2019

McAfee’s story and recent tweet tirade can be dizzying, but he’s managed to bring to the table the discussion of why he and many others believe taxation is theft and can only be done with the use of force and coercion. All John McAfee wants is to keep his hard earned money. “My entire life has been fighting, and running from corruption,” McAfee said on Tuesday. “We are in a sunny tropical country, surrounded by ocean, singing, dancing and drinking Mojitos — Please do not extricate me from this.” Moreover, after having to “mud wrestle the Bahamian Police Commissioner along with dodging assassins,” McAfee launched a cryptocurrency trading platform called McAfee Magic.
What do you think about the cryptocurrency advocate John McAfee on the run from government agents? Let us know what you think about this story in the comments section below.
Image credits: Pixabay, Twitter, and Youtube.
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CME’s Bitcoin Futures Hit New Records

Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone when it surpassed 33,000 contracts ($1.3 billion notional value) in one day. In another instance, CME’s open interest for its bitcoin derivatives positions smashed an all-time record high of 5,190 contracts on May 28.
Also Read: Our Value of Money Is Subjective But That Doesn’t Make It Meaningless
CME Group’s Bitcoin Futures Markets Break Records Throughout April and May
There’s been a lot of action happening with bitcoin futures products specifically stemming from CME Group. Last March, Cboe decided to announce the end of its bitcoin futures markets, stating that the product saw low trade volumes. Although Cboe said at the time that it would ponder offering cryptocurrency derivatives products in the future. The last contract for bitcoin futures on the CBOE exchange will be settled on June 19th and according to an email response from Cboe’s Suzanne Cosgrove, the exchange is still assessing the situation. “Cboe is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading,” Cosgrove remarked on June 11. Cboe’s decision to end its bitcoin futures seems to have caused far more demand for CME Group’s crypto derivatives offering.

Last May turned out to be a record month for CME Group’s bitcoin futures with close to 300,000 contracts settled. Moreover, June volumes are currently starting to pick up and so are contracts in July. News.Bitcoin.com reported on how CME Group’s bitcoin derivatives saw $1.3 billion notional value (168K BTC) when 33,677 contracts were swapped on May 13. The record day was up nearly 50% from the last achievement of 22.5K contracts settled on April 4. When it comes to open interest month to month, the average daily open interest by month increased 755%. Moreover, on May 28, CME data shows that open interest jumped to 5,190 contracts. Throughout the months of April and May, bitcoin notional trading volume at CME Group surpassed the previous six months’ volume combined.
Average Daily Volume (ADV) by month shows 1,188% growth since December 2017.
In addition to the record numbers, CME Group published a new report on June 5 analyzing of the CME CF Bitcoin Reference Rate (BRR). The report explains how the BRR system works and how the bitcoin-based index avoids manipulative practices and gives an accurate representation of price. The paper addresses several points in order to establish how BRR is a “reliable credible source for the price of bitcoin and intended to facilitate the creation of financial products based on bitcoin.” This includes eight distinct tests of: Relevance, Manipulation resistance, Verifiability, Replicability, Timeliness, Stability, and Parsimony. “It is possible to conclude that the BRR is representative of the underlying bitcoin spot market that it tracks, as by definition it represents the actual trades that have occurred within that market — By capturing the notional value of transactions, the BRR provides an accurate reference to the average spot price over the period,” CME Group’s latest bitcoin futures report notes. CME’s in-depth analysis of BRR continues:
There is liquidity in the BRR, in the 1 year to March 2019, over USD 3 billion worth of bitcoin trades were executed, over 1.8 million trades were included in the BRR based on a total of 607,000 bitcoins traded, this shows credibility in the computation of the BRR.
Open interest sees 755% growth since December 2017.
Furthermore, the data aggregation web portal Tradeblock published a report on June 7 describing how bitcoin futures markets are gathering steam next to the already established spot market environment. “CME’s [bitcoin futures] product has even begun to close in on trading volumes at US accessible spot exchanges — For the month of April, bitcoin futures notional trading volume surpassed the combined volume from the six largest US accessible spot exchanges,” Tradeblock’s recently published study explains.
The Possibility of Institutional Players Hedging Their Bets
There’s also been a few noticeable gaps throughout May and the first week of June that give some speculators the impression that institutional traders are in the game. Traditionally gaps are filled when markets close at the end of the week and pick back up again on Monday, but there have been four gaps so far in the last few weeks.
The very noticeable gaps on the Bitcoin CME Futures chart. Usually, when there’s a lot of interest in certain futures markets gaps can widen significantly. This can give traders the ability to profit between the market’s closing prices and opening prices the following week, but it can be risky and takes a lot of strategies.
Up until now, there haven’t been any unfilled gaps since CME Group launched its bitcoin derivatives product in December 2017. This has led people to believe big players might be hedging their bets with BTC spot market positions and profiting during a new open for the following week. This, in turn, could cause volatility with spot market prices and there’s been a lot of tumultuous action with BTC markets of late, coincidentally in parallel with growing open interest and volumes taking place on the CME exchange.

Over April and May, #bitcoin notional trading volume at the @CMEGroup was larger than the volume for the previous 6 months combined. pic.twitter.com/WHUIqkof0u
— TradeBlock (@TradeBlock) June 6, 2019

Cryptocurrency markets, in general, have seen significant gains this year as 2019 has erased some of the bear market blues from the year prior. Bitcoin-based futures trading wasn’t very active in 2018, but lately interest in bitcoin derivatives products has grown immensely, especially after Cboe announced it was leaving. However, no one knows how this action will affect BTC prices in the long run with interest in futures products picking up significantly and the possibility of big players jumping between both spot and derivatives markets in order to profit.
What do you think about all the bitcoin futures action happening on the CME exchange lately after Cboe called it quits? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, CME Group, Trading View, Twitter, and Pixabay.
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Bron : Bitcoin en toekomst van crypto

Bitcoin People Directory Lists Crypto-Friendly Merchants

The number of businesses accepting cryptocurrencies for goods and services has been growing, particularly for P2P coins such as bitcoin cash. Finding places where you can spend your digital cash is easy thanks to platforms such as Bitcoin People.
Also read: How to Buy a Cryptocurrency Hardware Wallet With Bitcoin Cash
Find Products and Services You Can Buy With BCH
Bitcoinpeople.online is a merchant directory listing companies that support payments in bitcoin cash (BCH) and several other major coins and tokens. It’s useful for both potential customers who want to find places to spend their digital currencies and for businesses that are willing to accept digital assets for their products.
If you are a crypto entrepreneur, you can sign up and list your businesses for free. To do so, you need to register with the platform. Creating an account requires you to choose a username and password and provide a valid email address. You can also promote your brand as a featured business on the Bitcoin People homepage and on other relevant pages for about $1 per month.

If you need to find merchants accepting cryptocurrencies, you can use the website’s search feature or browse the listings by multiple categories. Those containing the most ads right now are Clothing, Food & Drink, Holidays & Travel, Home & Garden, Art & Crafts, Web Services, and Electronics. But there are also listings in categories such as Aircraft, Jewelry, Video Production, and Pet Food.
You can also filter the listed businesses by country and view them on a map. Each is linked to its dedicated page where you can find details about available products and services, accepted cryptocurrencies, acquire contact information, and even get directions from Google Maps. Bitcoinpeople.online has a section where you can find discounts as well.
For more ideas about items that can be purchased with BCH, check out Bitcoin.com’s Spend Bitcoin Cash page. You can use it to shop online for a variety of products or to order gift cards for major retailers such as Macy’s and The Home Depot.
Would you recommend any other platforms like Bitcoin People that offer ideas about where to spend your cryptocurrencies? Tell us in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party 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 third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Bitcoin People.
Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy BCH and BTC with a credit card.
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Bron : Bitcoin en toekomst van crypto