Australian Government Awards Grant to $8 Million Blockchain Energy Project

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The post Australian Government Awards Grant to $8 Million Blockchain Energy Project appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/Australian-Government-Awards-Grant-to-8-Million-Blockchain-Energy-Project

Clean Energy Crypto-Mining?

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The post Clean Energy Crypto-Mining? appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/Clean-Energy-Crypto-Mining

Squeezer Connects Blockchain to the World-Class Clouds

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The post Squeezer Connects Blockchain to the World-Class Clouds appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/Squeezer-Connects-Blockchain-to-the-World-Class-Clouds

Bank4YOU Group’s ICO Receives $2million+ in Presale

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The post Bank4YOU Group’s ICO Receives $2million+ in Presale appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/Bank4YOU-Groups-ICO-Receives-2million-in-Presale

NEO Price Surpasses $39 as Rumor Mill Hits its Stride

It certainly appears to be the season to pump altcoins, by the look of things. After we have seen a few different cryptocurrencies get their pump of the month on, NEO appears to be the latest one in this line. More specifically, the NEO price has risen to over $38 over the past few hours, indicating strong growth and speculation for this particular altcoin. Whether or not this can become a long-term trend, remains to be determined. NEO Price Gains Are Quite Spectacular It is evident any cryptocurrency that isn’t Bitcoin still has to go through a major price increase
Source: http://bitnewz.net/news/article/NEO-Price-Surpasses-39-as-Rumor-Mill-Hits-its-Stride

ALT COIN BULLS GAINS $17 ON NOVEMBER 17

In totality, it's the beginning of another rally for NEO bulls after that break above $40. This and combination of another bull drive in Monero and DASH should be profitable opportunities in the cryptocurrency realm. Let's look at the charts: NEM BULLS KEEP PRICE ABOVE $0.20 MAIN SUPPORT LINE Consolidation is the word for this … Continue reading ALT COIN BULLS GAINS $17 ON NOVEMBER 17

The post ALT COIN BULLS GAINS $17 ON NOVEMBER 17 appeared first on NEWSBTC.

Source: http://bitnewz.net/news/article/ALT-COIN-BULLS-GAINS-17-ON-NOVEMBER-17

Alleged BTC-E Admin’s Extradition Hearing Postponed until December

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The post Alleged BTC-E Admin’s Extradition Hearing Postponed until December appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/Alleged-BTC-E-Admins-Extradition-Hearing-Postponed-until-December

Bitcoin nears $8000 as traders pile in after crash MarketWatch

Bitcoin nears $8000 for the first time as traders take advantage of dips in extremely volatile trade.
Source: http://bitnewz.net/news/article/bBitcoinb-nears-8000-as-traders-pile-in-after-crash-MarketWatch

Zangll, Bringing the Blockchain to Vacation Rentals

Currently, the global rental market is estimated at 500 billion dollars with a 10% growth rate annually. Airbnb has about 6% of that current market with a market cap of 30 billion and revenues of 4 billion a year. Airbnb represents a startup that's looking to capitalize on the market of trust between renters and owners. For their guarantees, they charge a 12% commission fee to the owners and 3% commission to the tenants. Disclosure: This is a Sponsored Article However, Airbnb's service still cannot guarantee quality service to the customer. Owners may choose to renege on their obligations at
Source: http://bitnewz.net/news/article/Zangll-Bringing-the-Blockchain-to-Vacation-Rentals

Finally created a live Bitcoin ticker!

News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client ...
Source: http://bitnewz.net/news/article/Finally-created-a-live-bBitcoinb-ticker

Gox ICO? CEO Karpeles Floats Token Sale to Revive Bitcoin Exchange

A Mt Gox initial coin offering (ICO)? It's not that much of a far-fetched idea, according to the defunct bitcoin exchange's controversial CEO.
Source: http://bitnewz.net/news/article/Gox-ICO-CEO-Karpeles-Floats-Token-Sale-to-Revive-Bitcoin-Exchange

3 Reasons the Bitcoin Price Hit $8,000 Today

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The post 3 Reasons the Bitcoin Price Hit $8,000 Today appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/3-Reasons-the-Bitcoin-Price-Hit-8000-Today

Now the SegWit2x Hard Fork Has Really Failed to Activate

The SegWit2x Hard Fork Has Now Really Failed to Activate

In case there were any remaining doubts, it now seems clear that the SegWit2x hard fork will not happen.

The SegWit2x project, a product of the New York Agreement signed onto by a long list of companies and miners in May, had scheduled a hard fork to double Bitcoin's block weight limit today. And while the controversial effort was suspended by leaders of the project last week, this would not have stopped anyone else from proceeding with it. Companies like Coinbase were indeed taking into account that the SegWit2x hard fork could still happen.

The Fork That Wasn't

SegWit2x nodes - most notably btc1 - were programmed to fork away from the Bitcoin blockchain this afternoon (UTC) to create the SegWit2x blockchain and a new currency, often referred to as B2X. However, not a single SegWit2x block has been mined since fork point, nor is there any indication that this is likely to happen. For all intents and purposes, there is no SegWit2x - nor a B2X.

Further, software bugs in the btc1 codebase made all btc1 implementations grind to a halt even before it reached the expected fork point. While Bitcoin and SegWit2x nodes were widely expected to share a single blockchain up until block 494783 and then to go their own ways at block 494784, btc1 nodes never made it past block 494782.

This is mainly because the first block on the SegWit2x chain was required to have a "base block" larger than one megabyte. This is how the chain would diverge from the original Bitcoin protocol. But due to what is referred to as an "off-by-one error," SegWit2x blocks started to reject smaller-than-one-megabyte blocks one block too soon - at block 494,783 instead of 494,784.

Moreover, another btc1 bug prevented miners from mining a big enough block when it was needed. So even if some miners did want to proceed with the fork, they accidentally wouldn't have done so - at least not automatically. Miners would instead have had to manually configure their block weight settings, but it's unlikely they knew about this step. Btc1 maintainer Jeff Garzik (while also denying there was a problem) has since released a patch to resolve this issue.

But judging by the absence of any SegWit2x blocks, the patch hasn't made a difference, most likely because few, if any, miners were interested in mining on the SegWit2x chain in the first place.

NO2X?

Despite the seeming failure of SegWit2x to take off in any way, it should be noted that there is technically no way to declare a fork like SegWit2x officially "dead" or "failed."

While unlikely, it's always possible that the SegWit2x hard fork could proceed at some point in the future. In fact, there is no way to tell whether the SegWit2x chain is currently being mined with a little bit of hash power right now, and it is strictly impossible to foresee whether it will be mined later on. Perhaps a SegWit2x block will be found a day from now, a week from now or even ten years from now, at which point SegWit2x and B2X will technically come into existence.

However, since the SegWit2x chain did not include a mining difficulty reset, it will be as hard to mine a B2X block as it currently is to mine a BTC block. Meanwhile, market support for B2X appears to be extremely low, with B2X futures trading below 2 percent of BTC. So even if miners decide to mine B2X blocks, they'd almost certainly be earning far less than they would by mining BTC. Or, more accurately, they'd spend more on electricity bills than they'd be able to earn by mining B2X. The financial incentive to mine the SegWit2x chain just isn't there.

Alternatively, SegWit2x could see a bit of a rebirth in the form of "BitcoinX" (BTX). This project, supposedly started by disappointed SegWit2x supporters, will take a snapshot of bitcoin balances at block height 494,783 and start a SegWit2x-like altcoin that offers all BTC holders the equivalent amount in BTX. Though, while this coin is arguably more viable than B2X thanks to a mining difficulty reset and more, it really is a new coin - arguably even more so than B2X would have been.

The post Now the SegWit2x Hard Fork Has Really Failed to Activate appeared first on Bitcoin Magazine.

Source: http://bitnewz.net/news/article/Now-the-SegWit2x-Hard-Fork-Has-Really-Failed-to-Activate

UBS CIO: We Aren't Getting Involved With Bitcoin

UBS chief investment officer Mark Haefele says the world's largest money manager will not include bitcoin investments.
Source: http://bitnewz.net/news/article/UBS-CIO-We-Arent-Getting-Involved-With-Bitcoin

Crypto Trading and Traditional Assets: New Options for Investors

While trading of crypto-assets is booming, some investors are looking for options to trade traditional assets like stocks via cryptocurrencies. Three new operators are among those developing trading platforms to meet this need, with blockchain-based tokens pegged to the underlying assets.

Ankorus

Ankorus is establishing a platform that will permit trading traditional assets, including stocks, bonds, futures, options, gold, silver, commodities, ETFs, FX and bitcoin futures with cryptocurrency.

"Ankorus will establish an online exchange populated by any financial asset currently available worldwide," reads the Ankorus white paper. "Various auditing measures will be taken to establish transparency, and customers will be able to validate that tokenised assets are fully backed and held by Ankorus."

To enable cryptocurrency holders to buy real-world financial assets, Ankorus will create and allocate tokens that are exactly value-pegged to the underlying assets in exchange for cryptocurrency.

Ankorus will hold its "fundraising contribution" or "Token Generation Event" (TGE) between November 25 and December 25. The ANK token will be distributed to contributors during the TGE.

"The ANK is a utility token, used for commissions, for datafeeds, professional technical charting software, webinars, financial education materials and also membership for those who wish," Ankorus CEO John Cruz told Bitcoin Magazine. "The ANK token will be allocated during our TGE and later listed on exchanges, beginning with EtherDelta. It is an ERC20 token."

Another token, the Anchor Token, will be the asset value-pegged token, separately created to tokenize specific securities using a yet-to-be-determined technology.

"Anchor Tokens will come later, after we receive the requisite regulatory approval," said Cruz. "Anchor Tokens will be created for our customers when they wish to tokenize specific assets. For example, if a customer wishes to purchase and tokenize Apple stock, we create an Apple Anchor Token (known as AAPL.A) or simply credit the customer with them if we created one earlier."

One of the most interesting asset classes that Ankorus is targeting is that of traditional financial instruments based on cryptocurrencies, such as futures and derivatives. A few weeks ago Bitcoin Magazine reported that CME Group, one of the world's largest derivatives exchanges, will launch a bitcoin futures product before the end of Q4 2017. In a video, Cruz explains why he considers CME bitcoin futures as a breakthrough that could soon push bitcoin's price up to $50,000, and expresses confidence in Ankorus's ability to offer CME bitcoin futures trading soon.

It's worth noting that Ankorus's offering can be seen as the reverse of CME bitcoin futures: while CME will offer a traditional financial instrument tied to cryptocurrencies to investors that prefer not to hold and trade cryptocurrencies directly, Ankorus wants to make CME bitcoin futures and other traditional financial instruments available to cryptocurrency holders.

One is left to wonder how Ankorus will navigate the compliance minefield, which has blocked similar initiatives before. The Ankorus team insists that they will be totally SEC-compliant and follow all KYC (Know Your Customer), AML (Anti-Money Laundering) and CTF (Counter-Terrorist Financing) regulations. According to the white paper, Ankorus intends to become a fully registered broker-dealer, acquire membership on a large and reputable exchange, follow best practices for insurance and auditing on a regular basis, and establish a compliant trading platform that will bridge the crypto and finance worlds.

"By becoming a broker-dealer entity, we will get SEC blessing," said Cruz. "Everyone else is trying to tokenize assets by not being a broker-dealer entity; this is where they run into trouble with the SEC."

"Within the team we have experience of complying with different market regulators' KYC, AML and CTF requirements for an FX remittance company," Ankorus COO Haldane Marnoch told Bitcoin Magazine. "PEP [Politically Exposed Persons] lists are vetted and we check against a suite of sanctions lists too. Documents supplied by our customers for proof of identity or proof of address expire and need to be renewed on a regular basis. Source of funds also needs to be proven for larger transactions.

"Our team is familiar with all the provisions required for operating across multiple jurisdictions," continued Marnoch. "We'll use as our primary reference the standards set by the SEC and the CFTC, but naturally we'll be implementing processes to comply with each and every market we trade in, for instance the FCA in the U.K."

"We will become a division of a Futures Commissions Merchant (FCM), expected early March, and will be able to fill orders for CME bitcoin futures at that time," added Cruz.

LAToken and Jibrel Network

LAToken (LAT), which recently raised $19.6 million in a token sale, wants to broaden the use of cryptocurrencies in the real economy and allow cryptocurrency holders to diversify their portfolio by getting access to tokens linked to the price of real assets.

The LAT platform is already operational: asset tokens can be created, listed for sale and traded on the LAT platform. At this time, tokens linked to the price of stocks (e.g., Apple, Amazon, Tesla), commodities (oil, gold, silver) and real estate are already being traded on the LAT platform. Tokens linked to artwork are soon to follow.

According to the white paper, the LAT platform provides cryptocurrency holders with transparent price discovery and diversification across multiple asset classes, allowing for the creation or listing of third-party asset tokens compliant with LAToken disclosure and legal structure rules.

Jibrel Network wants to provide currencies, equities, commodities and other financial assets and instruments as standard ERC20 tokens on the Ethereum blockchain.

Jibrel Network's draft white paper explains that the platform will support tokens, dubbed Crypto Depository Receipts (CryDRs), which represent ownership of an underlying traditional asset held by Jibrel. On release, Jibrel will support six fiat currencies (USD, CNY, EUR, GBP, RUB, AED) and two money-market instruments.

In the future, Jibrel plans offer CryDRs pegged to a wide range of currencies, commodities, securities and derivatives. The project will hold a token pre-sale between November 27 and January 27.

Both LAToken and Jibrel Network expect to be fully compliant with applicable regulations, including KYC/AML rules, and apply for relevant licenses where needed. Full compliance may prevent the companies from targeting customers in certain jurisdictions. For example, the Jibrel token sale will not be available to U.S., Chinese and Singaporean residents.

The post Crypto Trading and Traditional Assets: New Options for Investors appeared first on Bitcoin Magazine.

Source: http://bitnewz.net/news/article/Crypto-Trading-and-Traditional-Assets-New-Options-for-Investors

Coinbase Targets Institutional Investors With Custodial Storage Service

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The post Coinbase Targets Institutional Investors With Custodial Storage Service appeared first on CryptoCoinsNews.

Source: http://bitnewz.net/news/article/Coinbase-Targets-Institutional-Investors-With-Custodial-Storage-Service

Blockchain Coalition Seeks to Make Bitcoin Welcome in Wyoming

A group of people are on a mission to bring Bitcoin back to the state of Wyoming after unfriendly laws made it impossible to transact with cryptocurrencies there more than two years ago.

The Wyoming Blockchain Coalition announced its formation this week. Its volunteer members aim to create a legal and regulatory environment in the state that welcomes cryptocurrencies and blockchain technology companies with open arms.

Among the group's advisors are Patrick Byrne, CEO of Overstock - Byrne lives in Utah but has been a Bitcoin advocate for years - a former Wyoming governor, and two deans and a computer science department head from the University of Wyoming.

Outdated Laws

Bitcoin used to be welcome in Wyoming. But a 2015 interpretation of the Wyoming Money Transmitters Act (which the state passed in 2003, years before Bitcoin even existed) by the Wyoming Division of Banking made it impractical for cryptocurrency exchanges to operate in the state.

Cryptocurrencies are not specifically included on the list of "permissible investments" within the Act, as stocks or securities would be. As a result, after learning it would have to put up huge financial backing to stay in operation in the state, Coinbase suspended its operations in Wyoming indefinitely in June 2015.

But a lot of people think the law doesn't make sense. They see cryptocurrency as the future, and they think Wyoming would benefit from being more progressive.

Caitlin Long is one of those people. Now living in New York, where she serves as chairman and president at smart contracts platform company Symbiont, Long grew up in Laramie, Wyoming.

Over the summer, she wanted to give back to her alma mater. But when she went to personally fund an endowment for female engineers at the University of Wyoming, she found out the school was unable to accept her bitcoin as an appreciated asset.

Fortunately, Long was able to find a charity outside of Wyoming that could legally liquidate the bitcoin and send it to the university through a donor-advised fund.

"They still got the cash, but it prompted a lot of discussion internally in the university about 'what just happened here?'" Long told Bitcoin Magazine.

Long would not disclose how much she donated, but typically, donations to an endowment are $50,000 and up.

"When universities have donors that are interested in donating properties, they usually try to find ways to accept the properties," she said.

The event prompted a lot of discussion among some of the people within the university and eventually led to the formation of a coalition aimed at educating about and advocating for the adoption of blockchain technology in the state.

Long offered up her services as an advisor member. "I'm in the business," she said. "So I volunteered to help with both the bitcoin and the blockchain education efforts."

No Time to Lose

The coalition is moving quickly. Within a week, the group formed an LLC, sent out a press release stating its goals and launched a website. "This is very, very new, and it is happening in real time," said Long.

They have good reason to make haste. The new legislative session begins in February. If the coalition wants to push through a bill that will get digital currencies recognized as a "permissible investment" under the Wyoming Money Transmitters Act, they will need to move quickly.

Currently the group is working on legislative language with local attorneys and legislators. Next, they need to educate the citizens of Wyoming and the legislators about the benefits of Bitcoin and blockchain technologies. Some of that will involve webinars and live events, as as well as organizing a dinner in Cheyenne during the legislative session.

Last year, a similar regulatory effort, Wyoming House Bill 26, did not pass, but that was due to lack of knowledge and some "unrelated political feuds," Robert Jennings, another one of the group's advisor members, told Bitcoin Magazine.

This time around, he thinks "blockchain [technology] and cryptocurrency will stand on its own merits."

Jennings added, "There is already a groundswell of support in the state due to the rise in popularity of Bitcoin."

But, he cautioned, it will require "an extensive education campaign, which is why we formed the Wyoming Blockchain Coalition."

The post Blockchain Coalition Seeks to Make Bitcoin Welcome in Wyoming appeared first on Bitcoin Magazine.

Source: http://bitnewz.net/news/article/Blockchain-Coalition-Seeks-to-Make-Bitcoin-Welcome-in-Wyoming

University of Cambridge Prints Circuits on Clothing

Wearable electronics have been hailed as the future of personal technology. Many have tried, but often these devices end up being bulky, heavy, or potentially dangerous. However, there may be a breakthrough yet. Researchers at the University of Cambridge may have pushed the industry in the right direction with their latest creation. Printing Fully Integrated circuits onto fabric Being able to wear circuits will change the way we live, the way we interact with one another, and the way we see the world. It could dramatically change the nature of what we expect from our clothing. No longer will they just be style statements,
Source: http://bitnewz.net/news/article/University-of-Cambridge-Prints-Circuits-on-Clothing

Launch of SegWit2x Turns Into one big Joke

As was to be expected, SegWit2x eventually launched. Without much of the fanfare originally associated with it, mind you. A […]

The post Launch of SegWit2x Turns Into one big Joke appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Source: http://bitnewz.net/news/article/Launch-of-SegWit2x-Turns-Into-one-big-Joke

Where to get all the bitcoin and crypto news?

Great site!! www.TheCryptoDesk.com. And follow on Twitter @thecryptodesk. For all the latest bitcoin and crypto news. ... Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
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