Bitcoin Mining Tech retweeted: I'm not content with pissing off just the #3DPrinting community so I've now started to piss off the #Cryptomining community. #NoFriendsLeft

The Hot Tip@THTChannel Bitcoin Mining Tech retweeted: I’m not content with pissing off just the #3DPrinting community so I’ve now started to piss off the #Cryptomining community. #NoFriendsLeft Source: Bitcoin Mining Tech retweeted: I’m not content with pissing off just the #3DPrinting community so I’ve now started to piss off the #Cryptomining community. #NoFriendsLeft retweeted: 1$ = 1 ROCK token = 3 $ in spring 2017 ❤️ 💰=💰💰💰 Don’t miss ❗️❗️❗️ #ICO #IceRockMining

Ice Rock Mining@icerockmining retweeted: 1$ = 1 ROCK token = 3 $ in spring 2017 ❤️ 💰=💰💰💰 Don’t miss ❗️❗️❗️ #ICO #IceRockMining Source: retweeted: 1$ = 1 ROCK token = 3 $ in spring 2017 ❤️ 💰=💰💰💰 Don’t miss ❗️❗️❗️ #ICO #IceRockMining

National Bank of Kazakhstan Proposes to Restrict the Exchange and Mining of Cryptocurrencies

The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. However, the bank’s chairman admitted that he does not fully understand what cryptocurrency is. Experts also weighed in on the reality of banning crypto mining in the country. Also read: Central Bank of Singapore Sees No Reason to Regulate Cryptocurrencies National Bank of Kazakhstan’s Proposals The National Bank of Kazakhstan has proposed restricting some activities relating to cryptocurrency in the country, Ria Novosti reported. The central bank’s chairman, Daniyar Akishev, said at a press conference in Astana on Wednesday that this is “to protect the public from speculative risks,” the publication conveyed. “The high volatility of the prices of the cryptocurrencies in the short term gives the owner the opportunity to make money on speculative transactions,” Akishev was quoted saying. “But in the future [it] may lead to significant damage from the loss of funds by citizens.” He revealed: We sent our proposals to the government, in which we suggest carrying out a series of tougher measures, including prohibiting the exchange of the national currency for cryptocurrencies, prohibiting the activities of some companies that generate cryptocurrencies and so on. Amending Legislation In addition, Akishev said on Wednesday that the bank and the government are “developing an approach to the issuance and circulation of cryptocurrencies.” This reiterates his statement last week that amendments to the legislation will be developed to regulate them and that currently their legal status has not been determined. National Bank of Kazakhstan’s Chairman, Daniyar Akishev.According to him, the complexity lies in the features of cryptocurrencies, “which are supranational in nature, and also are not someone’s obligation or guarantee, including the state,” Ria Novosti detailed. “The state cannot guarantee the real value and safety of funds based on cryptocurrencies, which have no security in the form of real assets and legally bound persons,” Akishev was quoted. He noted that people want to invest in cryptocurrencies but they are not taking measures to ensure the safety of their assets. If the bubble suddenly bursts, he exclaimed, “what will happen to the people who invested? I guess they can come to the state and say, ‘why did you not warn us in time?’ Therefore, I warn you now that these operations carry risks.” Akishev was quoted by Kazinform admitting: I still do not really understand what cryptocurrency is…it is a tool that does not have a normal issuer, a single centralized body, respectively, is not backed by anything and its value is based solely on speculative operations. Is It Possible to Ban Mining in Kazakhstan? Following the statements by the chairman, Tengrinews interviewed some experts to ascertain whether it is possible to ban mining in Kazakhstan. They “agreed that it would be virtually impossible to do this, however, they agreed that regulatory measures should be introduced,” the publication reported. Financier Eset Butin expressed that mining itself does not carry risks for a country. He noted that mining is not prohibited by law today and it …

Plus…National Bank of Kazakhstan Proposes to Restrict the Exchange and Mining of Cryptocurrencies

World’s First Blockchain Acquiring Cryptonex (CNX) Is Preparing for Launch

Bitcoin Press Release: In 2017 we are witnessing active cryptocurrency industry development. Companies seek to offer their solutions to pressing problems, for example, security establishment and speed of conversion. However, blockchain experts come to the conclusion that there is a question that is not solved yet. We are talking about acquiring. Instead of waiting until the global commercial companies endorse cryptocurrency as a primary payment instrument on a par with fiat, ambitious developers are now offering projects able to change the situation. In October 2017, ICO of the international blockchain acquiring project Cryptonex (CNX) was completed. The team has set up the main objective – to provide the opportunity to exchange any world currencies for crypto currencies and tokens to buy goods and services using mobile phone and payment cards. All transactions will be instantly carried out with minimal commission. Even in the absence of powerful PR-support, Cryptonex team managed to raise 18 million dollars. This result was achieved thanks to the value of the developed product. Taking into account, that every day there appear more than 200 new ICOs, such an impressive amount proves acquiring relevance and actuality for many people. Today for funds deposit/withdrawal implementation, it is necessary to use exchangers or other services (for example, localbitcoins), which charge fees and take much time for conducting operations. There is always risk to lose money because of a dishonest contractor. Money withdrawal is also difficult, and there is no opportunity to pay with cryptocurrency using a mobile application. Cryptocurrency holders are tired of waiting for conversion, deposit and withdrawal and of the fear of losing funds on the exchanges. To solve these problems, Cryptonex has already developed a secure web wallet that allows to store and convert popular cryptocurrencies. The team has begun to implement the mobile application and the opportunity to work with fiat. Cryptonex is based on Scrypt encryption algorithm. It protects transactions and wallets from hacking from the outside. The access may be encrypted; the key thing is to store the password in a safe place. Some selected opportunities of Cryptonex are implemented by other cryptocurrencies, in particular, Cryptopay and Dash debit cards. However, there is no full functionality, aggregating all the major financial flows in the blockchain anywhere. In October the process of adding CNX to the exchanges started. Yobit and HitBTC appeared to be the first ones. In comparison with the initial public offering CNX coin value has increased to $2.5. The total amount of the coins issued for trafficking circulation is 105 million CNX. In the nearest plans of Cryptonex is to complete mobile app testing in winter 2018 and start acquiring development. With the Asian investors from the banking sector support, by the end of the year the company will have announced the first deposit/withdrawal operations using mobile app with contactless payments. CNX mandatory participation in acquiring will provide high liquidity and, accordingly, 70-100 times rising cost of the cryptocurrency on exchanges. As an additional income source, the team offers P-o-S mining …

Plus…World’s First Blockchain Acquiring Cryptonex (CNX) Is Preparing for Launch

Holding Bitcoin is the solution for most crypto-issues! Loyalty crypto-dividends? BTC Uranium?

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Pundi X Boosts ICO with Offer of First Cryptocurrency POS Device Free to Early Investors

Pundi X is the blockchain startup that makes it easier than ever for any store to buy, sell or accept cryptocurrency. [Note: This is a press release.] JAKARTA, Indonesia – Oct. 25, 2017 – Buying and selling cryptocurrency has never been easier, with the innovative ICO from Pundi X now delivering the market’s first POS device free to early investors who contribute more than 30 ETH or 1.5 BTC from a single bitcoin or Ethereum address. From now until December 20, throughout the remainder of the ICO (including pre-sales and crowd sales), qualified investors will receive a Pundi X POS device which can be installed in retail outlets enabling consumers to quickly and easily buy or sell BTC, ETH, LTC, PXS and other cryptocurrency using fiat money (Dollars, Rupiah, Baht etc), bank card, mobile wallet or Pundi X Pass. The purchased cryptocurrency can be stored in a digital wallet or used to make cashless payments to top up phones, pay utility bills or buy goods, subject to local regulations in each market. The POS devices delivered under this offer will be shipped within 45 days after completion of the ICO process. With just two days remaining in the pre-ICO period during which investors will be rewarded with a significant bonus of 30% extra tokens, Pundi X is fast approaching its initial cap of 14,000 ETH with a total ICO hard cap of 280,000 ETH. Zac Cheah, CEO of Pundi X, said: We have seen a tremendous swelling of enthusiasm among investors in Indonesia and much of Asia and our pre-ICO has developed a powerful momentum of its own. Now is the time to reward those early investors and give them the chance to operate their own POS device in store so that local consumers can start to purchase cryptocurrency, or cost-effectively conduct financial transactions in retail outlets, without the obligation to pay high banking fees. Pundi X POS is the world’s smallest cryptocurrency device and is designed to sit conveniently on a retail counter in order to distribute cryptocurrency and enable consumers to conduct financial transactions. A multi-function device that is connected directly to the blockchain so that each transaction is recorded, Pundi X POS serves as the bridge that connects the real world and the crypto world. It also supports the delivery of financial services to the large numbers of ‘unbanked‘ citizens living across South East Asia. Cheah also explained: Pundi X POS solves the last mile challenge for cryptocurrency purchases and sales. We created an easy offline solution to make cryptocurrency accessible to everyone. […] For those who are interested in cryptocurrency transaction or want to facilitate cashless transactions, this is the perfect time to get the Pundi X POS device. For non-ICO investors, the company plans to start the first phase of a POS device pilot roll out in selected cities, including Jakarta, Bali, Seoul, Singapore, and Hong Kong. Pundi X will select applicants who own physical stores – cafes, restaurants, co-working spaces or convenience stores – in …

Plus…Pundi X Boosts ICO with Offer of First Cryptocurrency POS Device Free to Early Investors

Coin Hive hacked via old password to move manic miners’ Monero … – The Register

Coin Hive hacked via old password to move manic miners’ Monero …The RegisterMonero miner maker Coin Hive was hacked so that websites using its code inadvertently redirected their generated cryptocurrency to miscreants – after the outfit …and more » Source: Coin Hive hacked via old password to move manic miners’ Monero … – The Register

AMD Share Price Drops Amidst Expectations Mining Hardware Demand Will “Level Off”

Advanced Micro Devices (AMD) has announced an estimated gross profit margin of 35% percent for the fourth-quarter of 2017. Although the announcement has revealed a lower profit forecast than anticipated by some analysts, AMD’s share price has seen gains of more than 80 percent over the course of the last 12 months. Also Read: Microchip Powerhouse TSMC Credits High Performing Quarter to Cryptocurrency Mining Tuesday’s Announcement Has Resulted in a More Than 13 Percent Drop in AMD’s Share Price During the company’s Tuesday afternoon earnings call, AMD has revealed an estimated earnings projection that has fallen short of many analysts’ expectations – with the company predicting a 15 percent reduction in sales next quarter. The projections have resulted in AMD’s share dropping by more than 13 percent since Tuesday. AMD CEO, Lisa Su, expressed her expectation that demand from cryptocurrency miners will begin to taper off this coming quarter. Su stated that the company is “predicting that there will be some leveling off of some of the cryptocurrency demand. As we look at it, it continues to be a factor, but we’ve seen restocking in the channels and stuff like that. So we’re being a little bit conservative on the cryptocurrency side of the equation.” The Third Quarter of 2017 Was AMD’s Highest Performing Quarter Since 2011 AMD reported that its computing and graphics division generated $819 million in revenue during the third quarter of 2017. The company has stated that the revenue was “primarily driven” by surging demand for its Radeon GPUs and Ryzen desktop processors, which are greatly sought after by many cryptocurrency miners. Sales for AMD’s Vega 56 and Vega 64 GPUs were also noted to have seen a significant increase during this past quarter. The dramatic surge in global demand for cryptocurrency mining hardware experienced during 2017 comprised a major source of the company’s earnings during the year. AMD has so far seen a 26 percent year-over-year increase in total revenue, despite other sectors of the company posting stagnant growth. Prior to Tuesday’s announcement, the share price of AMD had gone up by approximately 90% during the preceding 12 months. Do you think that demand for cryptocurrency mining hardware is starting to taper off? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia Need to calculate your bitcoin holdings? Check our tools section. The post AMD Share Price Drops Amidst Expectations Mining Hardware Demand Will “Level Off” appeared first on Bitcoin News. Source: AMD Share Price Drops Amidst Expectations Mining Hardware Demand Will “Level Off”

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