Attention GPU Miners: Bitcoin Gold Goes Live

Source : Attention GPU Miners: Bitcoin Gold Goes Live Its original release date pushed back, Bitcoin Gold (BTG) is finally about the drop. The possibility of GPU mining on a Bitcoin chain is interesting, but is it compelling enough to outweigh BTG’s drama? Bitcoin Gold Mainnet Goes Live Bitcoin Gold’s developers have implemented numerous fixes that are now officially ready to go, per the team. Accordingly, the devs just announced the Bitcoin Gold mainnet would be launching on November 12, 2017, at 7p.m. (19:00 UTC). The source code was released on November 13, with Trezor announcing work has begun on their splitting tool. The team’s finalizations reportedly include a per-block difficulty refinement, a unique A / G address prefix format, BIP143-backed full replay protection, Equihash Proof-of-Work full implementation, and a host of other lesser fixes. BTG’s caused a stir in the community for striving to bring GPU mining to a Bitcoin chain. GPU mining is distinguished from the specialized ASIC mining rigs used to mine the incumbent Bitcoin chain on the basis that users can use basic computers and laptops to perform GPU mining. BTG’s interesting goal, then, is to “decentralize” Bitcoin mining by taking the majority of the network’s hash power away from industrial mining farms and back into the hands of everyday, individual miners. In a new statement, the BTG team was deferential, showering thanks upon these same miners who have been making Bitcoin Gold’s testnets possible so far: “We are extremely grateful for the community around the world who have been contributing hash power to our testnets; besides patiently testing their own mining process, they allow exchanges, pools, wallet developers, and all other service operators to implement and test their support of BTG so that the bitcoin gold community can have a full suite of services at launch time.” Early Hiccups Not Easily Forgotten, Though While BTG finally seems to be living up to the project’s initial promises, there’s no question that the project’s team has been wracked by scandal and drama over the past few weeks. Along with charges of overall incompetence and disorganization, the community’s largely been flabbergasted over how the Bitcoin Gold team has handled its pre-mining debacle. First, the project’s devs said they’d be pre-mining the coin; then they said they wouldn’t and yet they ended up seemingly doing it anyways without informing the public. Indeed, the BTG team declared their chain would be splitting off around October 25, though web investigators have determined the split likely occurred in late September or early October—the implication being that, if true, the devs pre-mined the coin for weeks. If this situation really were the case, then the BTG team could’ve mined anywhere between 100,000 and 200,000 BTG coins. Considering this general mood of concern, notable exchanges like Coinbase and Bittrex came out against supporting Bitcoin Gold, saying that the BTG team’s initial refusal to publish the project’s code was one among several red flags. So, while the Bitcoin Gold project seems like it’s back on …

Plus…Attention GPU Miners: Bitcoin Gold Goes Live

Bitcoin Price Surpasses $6,500 Again After Very Difficult Week

Source : Bitcoin Price Surpasses ,500 Again After Very Difficult Week Last week has been a pretty rough one for the Bitcoin price, to say the very least. That is not entirely surprising, as the main focus was on pumping Bitcoin Cash well beyond its true value. Slowly but surely, things are changing in favor of the Bitcoin price once again. With a Bitcoin price of $6,547 at the time of writing, an important first step has been taken. The big question is whether or not we will see more dips before the year is over. Bitcoin Price Crawls Above $6,500 Again With all of the issues we have seen in the Bitcoin world over the past week, it is not entirely surprising the Bitcoin price went through a massive dip. A lot of money was moved from BTC into Bitcoin cash, although that trend may start to reverse a lot sooner rather than later. For all intents and purposes, it appears the BCH pump is completely over right now and money is flowing to different currencies again. Altcoins may have a very good day today as well, but the main focus will be on the Bitcoin price. More specifically, we have seen some wild Bitcoin price fluctuations over the past 24 hours. After an initial rejection at $6,400, the Bitcoin price quickly started heading south once again. Around midnight, it went as low as $5,750. Such a sharp dip was not entirely unexpected given the network issues and miners switching over to Bitcoin Cash. Now that this situation has changed in favor of Bitcoin once again, things will get very interesting for the world’s leading cryptocurrency. With the mining hashrate back in favor of the Bitcoin chain itself, the unconfirmed transaction mempool should empty over the next few hours. There will always be new transactions coming in, but for the time being, it seems as if things are going well. This has also resulted in a 3.95% gain for the Bitcoin price, pushing the value from that $5,750 value all the way back up to just over $6,500 in a few hours.   Thanks to over $6.65bn in 24-hour trading volume, it is evident Bitcoin is more than ready to reclaim its rightful place as the world’s leading cryptocurrency. Rest assured there will still be some major price volatility in the hours to come, but for now, things are looking relatively stable. It remains to be seen if this trading volume will lead to more money being moved from altcoins back to Bitcoin or vice versa. Right now, both options are more than valid, to say the very least. In an unsurprising turn of events, Bitfinex is still the default Bitcoin exchange ranked by trading volume. Their lead on Bittrex is under $80m, and depending on how much people sour on BCH, that may become the main trading market for Bitcoin later today. Bithumb is in third place, and they currently value Bitcoin at a price of over $6,700. …

Plus…Bitcoin Price Surpasses $6,500 Again After Very Difficult Week

Network congestion has Exodus temporarily disable bitcoin exchanges

Source : Network congestion has Exodus temporarily disable bitcoin exchanges Exodus, the cryptocurrency and bitcoin wallet with a built-in exchange from ShapeShift announced yesterday that because of Bitcoin network congestion, exchanges involving BTC would be temporarily disabled until the network returns to normal. Almost… Network congestion has Exodus temporarily disable bitcoin exchanges was published on CryptoNinjas.

Japan Teaches Western Governments a Lesson in Cryptocurrency Regulation

Source : Japan Teaches Western Governments a Lesson in Cryptocurrency Regulation Bitcoin is a phenomenon that provokes conflicting emotions in people. Fear. Excitement. Elation. Doubt. For governments tasked with regulating every new thing that comes along, be it the motor car or the internet, bitcoin presents a conundrum. How to regulate such a seemingly unregulatable creation? While many western governments have reached for the button marked “Fear”, Japan has taken the reverse approach. Also read: Japanese City Attracts Cryptocurrency Miners with Abundant Renewable Energy Land of the Rising Coin Bitcoin has been an officially legal payment method in Japan since April, when 4,500 stores began accepting the cryptocurrency, and leading financial newspaper, the Nikkei, tips that figure to increase five-fold by the end of the year. Japanese shoppers can spend bitcoin in a range of stores including electronics giant Bic Cam and bitcoin signs are displayed prominently, helping to raise awareness. BTMs – ATMs that exchange fiat for bitcoin – are scattered throughout the country, and there’s even the ability to pay utility bills complete with a special bitcoin discount via Remixpoint. Following the Mt Gox collapse, in which the country’s (and indeed the world’s) largest bitcoin exchange liquidated, losing 850,000 bitcoins, Japanese regulators stepped in. Rather than try to stem the use of cryptocurrency, they enacted regulations which mandated exchanges to maintain capital reserves, keep customer funds separate, and implement KYC procedures. Meanwhile, many western governments have dithered over cryptocurrency regulation. Regulators Mount Up This week, Donald Trump’s treasury secretary issued his first public comments about bitcoin – and they weren’t exactly glowing. His primary concern was with ensuring that bitcoin couldn’t be used “for illicit activities”. He also invoked the usual canards that Encryption is bad, m’kay?government officials are prone to uttering in the same breath, citing money laundering, terrorists, and the dark web. The only box the treasury secretary forgot to tick off was the one marked “child pornography”. These accusations aren’t just limited to bitcoin of course. Cryptography as a whole is the bugbear of many western governments, with British and US leaders in particular expressing frustration that backdoors can’t be built into encrypted messaging platforms such as Whatsapp. Bitcoin is mercifully free from centralized attempts at meddling with code, but that hasn’t prevented governments from restricting entry and exit points from the fiat world. Officials haven’t lain the banhammer on bitcoin, but they’ve done little to support it. Opportunity or Threat? Japan is a tech-savvy nation whose elected officials have a better appreciation of the transformative power of emerging technologies than most. It follows that the more digitally-inclined countries should be among the first to embrace cryptocurrency. In Europe, Estonia, with its e-Residency digital passports, is another country that’s been positive towards cryptocurrency. “Bitcoin regulation” can mean very different things in different countries. In Japan it means taking measures to safeguard citizens whilst encouraging the responsible use of bitcoin and enabling crypto companies to get on with business. In other developed nations, however, “bitcoin regulation” is …

Plus…Japan Teaches Western Governments a Lesson in Cryptocurrency Regulation

Bitcoin Cash Price Loses 39% in Value in Compared to Bitcoin

Source : Bitcoin Cash Price Loses 39% in Value in Compared to Bitcoin As was to be expected, the Bitcoin Cash price pump has completely run out of steam by the look of things. With the inflated altcoin price dropping from $2,800 to $1,162 over the past 36 hours, it is evident all good things come to an end. People made a lot of good money, yet Bitcoin still reigns supreme. It will be interesting to see what happens to the Bitcoin price in the next few hours. So far, going below $1,000 seems to be the most likely outcome. Bitcoin Cash Price Takes a Backseat Everyone knew the inflated Bitcoin Cash price would not be sustained for an extended period of time. Although things have looked good for most of last week and the early part of the weekend, things are slowly returning back to normal. The peak of $2,800 a few days ago was pretty spectacular, but it is evident people have had their fun with altcoin for now. Traders are once again pulling money out of BCH and putting it into other currencies, for the time being. Over the past 24 hours, we have seen very erratic Bitcoin Cash price movements. With the value flipping between $1,077 and $1,820, there was a lot of good money to be made by selling high and buying the dip. A total of five different attempts has been made to successfully surpass $1,900 again, but none of them succeeded whatsoever. None of this is entirely unexpected either, as Bitcoin Cash still has to prove its value to the rest of the world. It is unclear what will happen next with the Bitcoin Cash price, though. A lot of people accurately predicted this momentum would turn against BCH sooner or later. The pump has run for a much longer period than most people had expected, but it seems now is the time for consolidation and the sharp correction it deserves. No one knows where the current bottom is for BCH, but rest assured there are plenty of people who already bailed. With the network losing a lot of hashpower, transaction confirmations are delayed by multiple hours. It is also obvious the Bitcoin Cash trading volume is also drying up pretty quickly. Although there was still well over $5.4bn worth of volume in the past 24 hours, it pales in comparison to the $8bn+ we have seen over the past few days. The party’s over for a lot of traders, and people can’t get money from their regular wallet to exchanges quick enough until the network stabilizes again. When that will happen exactly, remains anybody’s guess for now.   As has been the case for virtually all week, Bithumb is still the biggest exchange when it comes to Bitcoin Cash trading. With over $1.4bn in volume, they are responsible for around one in four traders. Bittrex and Bitfinex are in the top three as well, although they both value BCH a lot lower …

Plus…Bitcoin Cash Price Loses 39% in Value in Compared to Bitcoin

SegWit Gold launch goes awry—miners are pissed​​

Source : SegWit Gold launch goes awry—miners are pissed​​ Hours after their official launch, the team admits they are still mining for themselves, essentially alienating the interested mining community that could spell life or death for the project. SegWit Gold (BTG) officially announced that they went “live” yesterday. But hours after their official launch, miners are seen complaining on their channels—some could not get in, while those that were able to mine did not get any rewards in return. It turned out that the team is still syncing with pools and mining for themselves. Shortly after the launch, the team said that they suffered “an attack.” When asked whether it was an attack that was going on, or if the team was pre-mining again, their response was “both.” Indeed, it is a shaky start for Gold—which some say should not even keep the “Bitcoin” in its name since it has morphed into an altcoin that revolved around dethroning manufacturers of the ASIC mining hardware. Apart from this, BTG aims to be a “better gold than Bitcoin,” but its transactional capability has yet to be addressed—a functionality given more priority by the earlier hard fork of the Bitcoin blockchain, Bitcoin Cash (BCH). One big problem with SegWit Gold is that they have been announcing their deadlines but have been unable to meet them. They set their fork schedule at block 491,407 but then found out that they couldn’t proceed as planned by that time, so they had to “freeze” syncing until their client was ready. The launch was then rescheduled to November 1, and again to November 12. But their faulty launch yesterday implies they may still not be ready. Last month, they started their pre-mine—which they said will not exceed 1% of the BTG cap or around 100,000 BTG—a move that was drenched in controversy. It was one of the developers that casually admitted through a Slack conversation that the pre-mine had already started—before any official announcement was made. Ultimately, this was seen as a dishonest and questionable move that cast a big shadow over the entire project. By default, a cryptocurrency with a pre-mine reeks of a pump-and-dump waiting to happen. And with no publicly known developers (all are anonymous and go by user names), investors and exchanges alike are uneasy. In their Facebook page, they insist that the reason behind the pre-mine is to cover expenses, since they do not have “wealthy backers” to support the project. Users rejected this, saying they should have informed the public of this before the launch, assuming this was a different set of pre-mining than what they have already been doing since October. It was in the community’s understanding that the public/official launch yesterday would be for the public community, not the developers. Apart from delivering what they have already promised, BTG has yet to disprove security doubts about their system. While “decentralizing” mining by enabling common people to mine using ubiquitous, low-cost graphics cards seems like a noble advocacy, this accessibility is …

Plus…SegWit Gold launch goes awry—miners are pissed​​

Ahead of the Curve: Traditional Stocks Capitalizing on the Bitcoin Boom

Source : Ahead of the Curve: Traditional Stocks Capitalizing on the Bitcoin Boom With the crypto craze seemingly only beginning, a few non-crypto companies have leveraged themselves to capitalize early. And it’s these companies’ stocks that are reaping the benefits of such first-mover status in the explosive crypto space. Early Birds Get the Worms: CME, Graphics Processors Companies Are Ones to Watch Graphics Processing firms like AMD and NVIDIA have had strong performances in the stock market so far in 2017 courtesy of an explosion of user interest in mining cryptocurrencies in general, particularly the ASIC-resistance Ethereum blockchain. And in 2018, the shares of the Chicago Mercantile Exchange Group (CME) look poised to enjoy the “crypto bump” – a potential forthcoming investment boon on the heels of the CME’s fresh announcement that they’ll be listing Bitcoin futures in Q4 2017. Indeed, the three aforementioned firms are among the first in the world whose shares are being increasingly tethered to, and boosted by, the performance of the ever-wild cryptocurrency space. For CME’s part, they’re among the largest futures and options exchanges in the world, meaning they’ll be well positioned to take advantage of the increasingly rocketing interest in cryptos in mainstream and institutional circles. #Bitcoin futures contract specifications are now available. Learn about tick size, block thresholds and more. https://t.co/qiEE1BrPVF pic.twitter.com/njOVqAZPxe — CMEGroup (@CMEGroup) November 7, 2017 And for GPU manufacturers like AMD and NVIDIA, 2017 has already been a fruitful year – mainly thanks to the unprecedented interest in GPU mining that’s materialized over the past 11 or so months. This booming interest is exemplified perfectly by the performance of NVIDIA’s shares, rising more than 50% between January and August alone. The crypto-boost was a sight for sore eyes for the firm, as their bread-and-butter gaming sales were down more than expected in Q1 and Q2. NVIDIA CEO Jensen Huang told Marketwatch in August that cryptocurrencies’ effects on the stock market aren’t going anywhere anytime soon: Crypto is here to stay, and the market will grow to be quite large. It’s not likely to go away anytime soon. There will be more currencies to come – they will come from different nations. We stay very close to the market, and understand the dynamics very well. Perhaps the interesting aspect of investing in shares like NVIDIA’s or CME’s, then, is that doing so allows investors to capitalize from the periphery of the crypto community without actually having to get down into the nitty-gritty of cryptocurrencies – especially at a time when the space is still premature and volatile in “the trenches,” as it were. Traditional, more risk-averse traders might find these crypto-related, but not crypto-based, stocks attractive alternatives to investing in cryptocurrencies themselves in 2018 and beyond. Goldman Sachs Among Darkhorse Stocks for Crypto-Watchers to Look Out For? With a recent report out of the ever-reputable Wall Street Journal claiming powerhouse trading firm Goldman Sachs is looking to start their own Bitcoin trading operation, there could be a flight of speculative …

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PR: Serenity Financial Knows How to Choose an ICO

Source : PR: Serenity Financial Knows How to Choose an ICO This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. There is a boom of ICOs in the global market. And most of them are related to financial industry. And every single project claims to change the industry with its innovations. How to figure out which ICO has the highest potential and quality? How to avoid scams? Denis Kulagin, Serenity Financial CEO, recommends diversifying your investments, choosing the projects from different industries and directions, investing equal shares into each of them. How to Choose An ICO Moreover, Denis says that by his experience only real projects give detailed description of token economy: its values, prospects and life span. He is sure that real team with good experience is the best indicator of project quality. And the presence of real advisors coupled with personal investments of the team makes it even more attractive. Serenity Financial is planning to attract $14 mln to develop the first forex-focused market place. Here traders will be able to choose brokers to trade at crypto exchanges and Forex market. And such a marketplace is not only an exchange, but also the regulator recording all the transactions in blockchain, should a dispute arise. Serenity Gives Details And the question of financial prospects of the Serenity ICO is covered in detail in the project’s White Paper. Technical development and launch of the project will take a year. Another year will be needed to involve the participants of the system and to break even. Serenity will need $2 million to develop a minimal viable product and cover all the necessary marketing costs. This is the minimal level (soft cap) of the project. To develop some advanced services, needing legal paperwork, Serenity will need $5 million. It will allow to develop KYC (know your client) procedures, setting up procedures for verification of this data and sharing it with brokerages. To enhance the security of the system, Serenity plans to develop its own custom blockchain, holding all the transactions of the clients. It will be possible if the project gets at least $10 million in funding. If the project gets at least $14 million, it will start developing its own supply chain for Forex liquidity, including acquiring licenses in major Forex regulations (EU, UK, USA, Australia, etc.), developing its own bridge solution for feeding the liquidity to brokerages. This is the final technical goal the project has, but to make liquidity more robust, Serenity will need its own hedge fund, which will allow it to act as a prime broker for its clients. To function at its full potential, this fund must be as high as the sum of investments of all the traders using the platform. Thus, the project is setting its hard cap …

Plus…PR: Serenity Financial Knows How to Choose an ICO

LiveEdu: Powering Global Online Education with Blockchain Smart Contracts

Source : LiveEdu: Powering Global Online Education with Blockchain Smart Contracts LiveEdu.tv is launching an Initial Coin Offering (ICO). They are building the next-generation online learning Lynda.com fully decentralized on the blockchain. Their goal is to disrupt the $46 billion online education market with smart contracts. There is the official pre-sale from Monday November 6 to November 20 and a public sale from November 21 to December 15. The pre-sale will be closed as soon as the pre-sale hard cap of $500,000 is reached. The public sale will close within 48 hours of the first $4 million being raised. EDU tokens can be purchased directly using ether (ETH), bitcoins (BTC), Litecoin (LTC), fiat (USD/EUR), or indirectly with other coins via ShapeShift. Bonus starts from 25 to 50 percent. There is huge bonus for large volume purchases this week. Contribute in the pre-ICO now and get a huge bonus! Here are 10 reasons why you should participate in the LiveEdu Pre-ICO. Unlike other ICOs that do not yet have a product launched and bear product development risks, LiveEdu is an existing developed product with a monetization model. The team has extensive sector domain expertise in the education and video streaming space. Moreover, the team has worked together for two years. The only new thing LiveEdu is doing is shifting from non-structured casual streaming (non-premium projects) to focus on monetizable projects (premium projects). They have all the ingredients in place to scale the LiveEdu platform and business right after the ICO. It is a scrappy young agile small team that moves fast. The team is technically very strong. They built their entire live streaming and video infrastructure from scratch with 50 edge servers worldwide. They have extensive data on the most cost-effective user acquisition channels; acquiring 1 million viewers and 13,000 content creators with no paid marketing. They don’t need to search for new streamers, but just provide the existing ones an attractive economic incentive. Unlike other ICOs, LiveEdu is a marketplace that organically generates token demand (monthly subscription purchases). This means token price is not driven only by financial speculators on exchanges but by actual product usage and company growth. For token price to rise for financial speculators holding EDU tokens as an asset, they will reduce supply by burning 20 percent of monthly subscription expensed viewer tokens. Consequently, the more viewers watch content and use LiveEdu, the more tokens will be burned and the higher the value of the EDU tokens will appreciate. On the supply side, five percent of content creator tokens will be burned. EDU tokens will be traded on exchanges to create liquidity for token buyers and sellers. Exact exchanges will be announced on the official LiveEdu ICO website after the ICO is closed. We will apply to be listed on Bittrex, Poloniex, EtherDelta, Liqui, Tidex, Bitfinex, and HitBC. ICO contributors will have voting rights for key decisions in the ecosystem, like which premium projects to build first and which new topics or product features to add. …

Plus…LiveEdu: Powering Global Online Education with Blockchain Smart Contracts

Most Open-Source Blockchain Projects Are Abandoned Within Six Months

Source : Most Open-Source Blockchain Projects Are Abandoned Within Six Months The blockchain industry has seen major growth over the past few years. Virtually everyone and their dog has come up with a new use case for blockchain technology, even though most of these ideas are not viable whatsoever. It turns out just 8% of the 26,000 open-source blockchain projects created back in 2016 are still around today. That’s a worrisome statistic, albeit not entirely surprising either. Blockchain is a Kill-or-be-Killed Industry While it is commendable that so many open-source blockchain projects were created in 2016, it’s quickly become evident most of them will not survive in the years to come. With a survival rate of just 8% right now, it is pretty obvious this particular industry is highly competitive. Bright ideas and some money don’t necessarily make for successful business ventures in the long run; that much is certain. That doesn’t mean interest in this particular technology will dwindle anytime soon. Research by Deloitte shows that a lot of people give up on creating blockchain projects once things get tough. Indeed, the technology itself has a ton of potential, but most projects will never utilize it to its fullest. It is a lot easier to say that a given project will use blockchain technology than to make it actually happen. Most projects are abandoned within months, which is a pretty disturbing trend right now. It is unclear why this trend is so prevalent, though. A lot of projects require years of work before they can get anywhere close to reaching their potential. Anyone who gets involved in blockchain development needs to understand they can’t make good things happen in mere weeks or months. There will be many challenges followed by even more setbacks. Overcoming all those hurdles will eventually result in success, but it can be pretty difficult to see things through, for obvious reasons. One thing Deloitte’s report doesn’t mention is what types of projects were abandoned the most. Nor do we know if any of the projects in question involved cryptocurrency, such as altcoins being abandoned by developers once they were listed on exchanges and the premines were cashed out. It seems highly likely some of these failed ventures involve altcoins, though. Otherwise, there is no way one could find 26,000 open-source blockchain projects on GitHub that were created in 2016 alone. Counting altcoins would certainly help explain these numbers, as most alternative cryptocurrencies are abandoned shortly after launching. One other interesting statistic Deloitte points out is that the average lifespan of an open-source blockchain project is just one year. In fact, most projects shut down within their first six months. By that time, the original excitement among developers and supporters has started to dwindle as it becomes harder to provide meaningful updates on a regular basis. Plus, developing a blockchain-based project is very difficult, especially if one doesn’t get paid for doing so in any significant manner. It will be interesting to see what all of this means for the future of blockchain technology. With so many banks, financial service providers, and cryptocurrency developers working on this technology, the mortality rate will not …

Plus…Most Open-Source Blockchain Projects Are Abandoned Within Six Months

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