Looking to take advantage of low-cost electricity, cryptocurrency miners have set up shop in upstate New York — but municipal power authorities and locals aren’t welcoming them. On Thursday, the New York State Public Service Commission gave upstate municipal power authorities the power to charge higher rates to companies, which mine cryptocurrency. According to a release from the Commission, the ruling was a necessary measure to prevent the rise of local electricity prices for existing
Some are saying this year is going to be the year that gaming dominates the crypto headlines, and from what we have seen so far it is not something we would like to short. Billions of gamers worldwide have been buying into tokenized gameplay for many years, with all manner of in-app purchases for coins and other digital items. However, the blockchain now has the potential to disrupt the gaming sector forever, by decentralizing ownership
Despite recent market volatility and declining valuations, more than half of investors exposed to cryptocurrency plan on purchasing more over the next year. Undeterred Optimism Research conducted by international communications agency Citigate Dewe Rogerson has revealed that 56 percent of cryptocurrency investors are planning on purchasing more digital assets over the next 12 months. Meanwhile, 31 percent of cryptocurrency investors are planning on holding all or selling some of their digital assets, while 8 percent
The cryptocurrency markets are eagerly demonstrating how truly volatile they are. However, their volatility provides unique opportunities to find undervalued coins with major events in the next two weeks. The 5 Altcoins To Beat BTC Returns this Week are SNOV, ZER, MTH, ETH & MTL. Altcoins to Focus On This Week: SNOV, ZER, ETH, MTH, and MTL This week’s altcoins worth shifting immediate focus to all have very exciting upcoming events. The market correction the
While the market is still under heavy sell-off and speedy buy-in, it is better than ever before to see positive news reach the community. With Bitcoin yesterday reversing in the green gaining zone, almost all cryptos followed the leader and attempted to re-establish the recovery path. Since its lowest dip [March 15] $7,783, the pair […]
Since it debuted and dashed upward to the top of the list, gaining enthusiasts and fame in a blink of an eye – cryptocurrencies called ‘Third Generation Coins’ are increasing in supporters and development/rate. One of them which leads the way of the crypto 3.0 IOTA has many characteristics that make it very respected around the place. […]
Cardano, the smart contract platform with a focus on security, has announced it has upgraded its software, 1.1.0, making it the first major release for the technology platform since the release of its mainnet at the end of September. As the sixth most valuable cryptocurrency on the market, with a value worth $4.5 billion, Cardano […]
Recently-launched ICO GIFcoin wants to reshape the way we interact with online betting websites by allowing individuals to have a share of the involved revenue. With their successfully operating VitalBet platform, the GIFcoin team plans to execute this vision with participants being rewarded with profits. A History of Affiliate Success GIFcoin’s history began way back in 2011, when a team of experts came together to create a number of products related to the affiliate marketing
ICOs are big money and big news these days. From virtually nothing a few years ago to raising $5.6bn last year a totally new form of financing has truly arrived on the scene. This success has brought its fair share of pretenders, with “scam ICOs” becoming increasingly prevalent. How can investors protect themselves from scam … Continue reading Institutional investors to shine light on the best ICOs
After a successful, sold-out private sale, the 1st phase of GIFcoin’s ICO started on March 16, 2018. The token sale brings a massive opportunity for investors to leverage upon the fastest growing gambling market and earn impressive ROIs. GIFcoin’s Gambling Investment Fund (GIF), is a platform backed by an already functioning website — VitalBet.com, embedded … Continue reading Working Business-Backed “GIFcoin ICO” Is Live – Join the Revolution & Earn Impressive ROIs!
The Royal Bank of Canada’s patent for a Blockchain credit score platform promises to unveil the previously opaque credit score process.
The Royal Bank of Canada (RBC), reportedly the country’s largest bank, filed a patent for a credit score platform using Blockchain technology this past fall, according to the patent application from the US Patent and Trademark Office released March 15.
The patent describes a Blockchain-based credit score platform where “credit records are recorded using blocks linked by identification data. The credit record stores historical and predictive information about borrowers used to compute credit ratings.”
According to the patent, the traditional manner of calculating a credit score is “not transparent”. Customers are not always informed when certain data affects their credit score, nor do they “have the tools to take control of their credit score.”
With distributed ledger technology as described in the patent, customers would be “notified when third party credit checks happen or when the credit score changes.” For example, in the case of a missed bill payment that negatively affected their credit score, consumers would be sent a credit alert.
With the proposed Blockchain credit score platform, a “helpful visualization” of all of the data involved in determining a credit score would be available, thus “empower[ing] a borrower with credit knowledge.”
The patent also notes that the proposed credit score platform would be able to receive credit data from more sources than a traditional credit bureau.
This is not RBC’s first foray into digital ledger technology. In September of last year, the bank announced that they were using the Blockchain-based Hyperledger to shadow US-Canada interbank settlements. The CEO of RBC had also praised Blockchain last fall, noting that it has a “chance to transform everything from our capital markets, and our trading businesses, our security settlement businesses, right into our retail franchise.”
As a college student, I often ask myself about where I stand amidst the overarching reach of our institutions and the demanding responsibilities of public life. While many everyday actions seem impermanent – or overshadowed by the immensity of the collective – I have been thrown into a circumstance where I have regained my status as a genuine individual. In the world of crypto assets, I have never felt so defined and well-placed. [Editor’s note:
Meet Cecilia Paolino – Uboldi a Strategic Advisor toZeroEdge Bet Cecilia Paolino is currently the head of commercial affairs at SlotGuru and is excited for her role as a key advisor in everything from cryptocurrency and Blockchain technology, to business strategies, new technologies and so much more. With close to two decades of experience in … Continue reading Cecilia Paolino-Uboldi, Director & Global Head of Commercial Affairs at Slotguru joins Zerocoin – Crypto Currency for Online Gambling
The Investment Association of China, a government-linked organization, will officially announce a Blockchain Development Center later this month, local sources report
The government-linked Investment Association of China (IAC) is planning to create an “International Blockchain Investment Development Center,” aimed at introducing industry standards and Blockchain investment alliances and funds, local news outlet The Paper reported March 14.
The IAC is a national social organization registered under the Ministry of Civil Affairs of the People’s Republic of China.
The Paper cites a photo posted online, apparently of a leaked government memorandum on the implementation of the “Thirteenth Five-Year-Plan” to develop innovation in Blockchain technology. Liu Ren, the vice chairman of the China Investment Association as well as the chairman of its Foreign Capital Committee, confirmed the validity of the document to The Paper, citing Blockchain’s rise in popularity as the impetus for forming the center.
According to the document, the Blockchain innovation plan overall involves linking domestic and international resources, investing in Chinese Blockchain projects, consulting for foreign investment in Blockchain, leading international Blockchain forums, as well as setting up the investment development center.
Ren told The Paper that the center will be officially announced on March 18, and an international summit on Blockchain may be held in May 2018. The photographed document is also stamped March 18, 2018.
While the Chinese government has implemented various bans around cryptocurrency trading and use in the country this year, it appears to be more open to development in Blockchain technology as a whole. The state-run Bank of China has filed a patent released in Feb. 2018 for a solution to scale Blockchain technology systems, and China’s top retailer, JD.com, announced the launch of a startup incubator to attract foreign Blockchain projects in late February.
The inventors of Voice Over Internet Protocol (VOIP)-based technologies are now working on Money Over Internet Protocol (MOIP)
Celsius, a community-based borrowing and lending platform, aims to put members’ interests as the priority instead of profits. They are creating new financial products with the aim of achieving this goal.
In the current financial world, banks and other money lending institutions charge far more in loan interest than they return to customers in deposit interest (even on dedicated ‘high interest’ savings accounts). But with this being the established model, there really is no other choice for both borrowers and savers but to accept the de facto rule of the banks.
Celsius is looking to redress this relationship and return more control to customers. Their mission statement is ‘for crypto to continue to spread and gain traction we’ve got to bring the next 100 mln people into the crypto community. In order to do that, real products built by real teams have to provide real utility to the public.’
The white paper sets their goals out in simple terms- deposit coins, borrow cash against your cryptocurrency, earn interest. Celsius will allow customers to use their Celsius Wallet to use crypto tokens as collateral for fiat currency loans (dollars). It will also enable them, in the future, to lend crypto to earn interest on deposited coins. Celsius predicts this could be up to nine percent annual interest once the platform is fully launched. The aim is to allow customers who need loans in USD to obtain them using their crypto holdings without having to sell them.
Celsius specific tokens (CEL) are already available in the presale and the full crowdsale launches on March 15th, running until the 22nd. CEL are ERC20 tokens and possession of them allows holders to be part of the Celsius community and apply for dollar loans. As mentioned, further future utilities such as lending crypto for earning interest are to be rolled out as the platform expands and develops.
The Celsius roadmap sets out plans to expand beyond accepting just the top 20 cryptocurrencies for deposit into the Celsius wallet. The first USD loans will be offered later this year, and users can begin to generate interest on loans by Q4.
“We want to be as inclusive as possible and our goal is to be one of the first killer apps for crypto, available to members across the world who may or may not currently have access to credit,” CEO Alex Mashinsky told Cointelegraph about the end goal for Celsius.
Alex Mashinsky, who worked on developing Voice Over Internet Protocol (VOIP) in the 1990s, helped enable the first voice calls over the Internet. Now he is working on Money Over Internet Protocol (MOIP) and has received numerous tech and innovation awards over his career. In one of his promotional videos explaining the vision of Celsius, he describes how he wants to take away the unfair advantage from world financial powers: ‘If we look at the top 20 coins, there’s a whole world of financial products that derive from these coins… what Celsius does is bring community members together and we will issue these products, instead of Wall Street, on behalf of coin holders. Billions of dollars will go back to the coin holding community plus extra income from the byproducts.’
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.
GAWOONI utilizes the foundational business model already established by game developers. GAWOONI is an international game developer and it has managed to create the very first ecosphere for gamers and serves both B2B as well as B2C clients. GAWOONI is a well-known name in the Asia-Pacific region. It is well recognized in the Indian, Chinese … Continue reading Gawooni Games Ecosphere Announces Decentralized, Blockchain-Based Platform
A manager with the Florida Department of Citrus was arrested on charges of grand theft for using state resources for mining cryptocurrencies. A common joke is that government employees can waste a great deal of taxpayer money and never get in trouble. Such is not the case with a manager with the Florida Department of Citrus, who found himself in hot water with law enforcement. The manager was recently arrested by the Florida Department of
Vienna, Austria, 15 March 2018 — Paul Rieger is joining the scientific research project Pantos as a NEM representative and official advisor. He is the Head of Business Development for NEM Europe and a board member...
Be it a brief altcoins recovery or not, this is exactly what the cryptocurrency market needs. From Lumens, NEO, LTC, Monero and even EOS, there is reliever and a pause of this relentless bear pressure. Our focus today goes to Lumens and while it is generally bearish, the response at $0.20 or the 78.6% Fibonacci … Continue reading NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 17, 2018
Cryptocurrency may not be mainstream yet, but it’s well on its way to be. Due to the blockchain’s revolutionary power and abilities, it’s no surprise that as cryptocurrency progresses in changing the financial landscape, it impacts other industries along the way. Real estate is no exception—and for that, we should be grateful. Real estate is an industry that impacts us all. Everyone needs a place to live and work, right? Unfortunately, the real estate industry
FOMO Moments Markets have remained pretty flaccid over the past few days which is admittedly better than falling further. Bitcoin still cannot gain any traction beyond $8,000 where it currently trades. Altcoins have also been floating around the same levels for the last 2-3 days, and there is no sign of any upward movement in … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Bitcoin Cash
The current state of digital advertising is interesting, to say the least. It’s dominated by a very small number of extremely powerful and influential companies, who harvest our personal data for an enormous reward. To give you an idea of the scope of the issue — Google and Facebook alone account for 70% of online ad revenue. That’s two companies, together responsible for a significant majority of all the advertising revenue on the internet. This duopoly
Neo is trading inside a descending channel on its 4-hour chart and has just broken below the mid-channel area of interest.
Ethereum broke below its head and shoulders pattern to signal that further losses are in the cards, but inflection points are holding so far.
Cryptocurrencies have been featured for the first time in the Joint Economic Report from the US Congress, which recommends Blockchain for gov’t agencies.
For the first time the US Congress has dedicated an entire section to cryptocurrencies and Blockchain technology in its annual Joint Economic Report, published March 13.
The 2018 Joint Economic Report contains analysis and recommendations for the coming year and dedicates an entire chapter to providing insight into the impact of cryptocurrencies and Blockchain on the US economy today.
The report calls 2017 “the year of cryptocurrencies”, pointing out that widespread concern over Bitcoin drove it to second place as a global news topic in Google’s Year in Search 2017.
The price of a number of cryptocurrency and Blockchain assets showed a dramatic surge, leaving behind some key economic indexes like the Dow Jones Industrial Average and the S&P 500.
“...If digital currencies become less volatile in the future, valuing items in those denominations could become easier and individuals might begin using them more frequently as a medium of exchange,” the report says.
Cryptocurrency market capitalization was positively influenced by skyrocketing prices. At the beginning of 2017, the aggregate value of all Bitcoin in circulation totalled almost $15.5 bln, but by the end of the year it increased nearly 14-fold to over $216 bln. Such digital currencies as Ethereum, Ripple, and Litecoin experienced similar gains.
However, according to the report, many leading economists, including former Federal Reserve Chair Janet Yellen, still don’t believe cryptocurrencies fit the standard definition of money and call Bitcoin a “highly speculative asset”.
The recommendations contained in the document represent a particular interest, as the authors advise government agencies at all levels to consider and examine new uses for the technology. Namely, they recognize Blockchain’s potential to boost agency efficiency and ensure security against cyber attacks.
“Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new Blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations,” the report adds.
The survey also underlined that Blockchain has “proved largely resistant to hacking” and “has many more potential applications.”
Though digital currencies and Blockchain still stir up dispute, the analysis presented in the report demonstrates that governmental bodies can’t ignore the revolutionary technology of Blockchain. As the report noted, the technology can be utilized in vital fields such as healthcare and securing critical financial and energy infrastructure.
Earlier this week the Subcommittee on Capital Markets, Securities, and Investment convened for a hearing devoted to cryptocurrencies, Initial Coin Offerings (ICO), and Blockchain development in the US, making it plain that further regulatory clarification from the US government is necessary.
From Ellen to John Oliver - mainstream TV shows continue to spread skeptical views on cryptocurrencies.
After a watershed year for Bitcoin in 2017, cryptocurrencies have been thrust into the mainstream spotlight.
News outlets, TV shows, celebrities and well-known broadcasters couldn’t just sit back while virtual currencies announced themselves to the world, spearheaded by Bitcoin’s spiralling bull run that came to a head in December.
As Bitcoin peaked at $20,000, it was almost impossible for any reputable media outlet not to cover the news. But the lofty high was followed by a plunging correction, which was reported on with just as much fervor.
While the naysayers rejoiced, many were and are currently trying to wrap their heads around Bitcoin, Blockchain technology and cryptocurrencies.
It’s hardly surprising then that some of the world’s most popular TV and radio show hosts have waded into the crypto realm.
However, their assessment and explanation of Bitcoin leads one to question the motives behind the message being sent out to an audience of millions - if not hundreds of millions.
Ellen’s bizarre take on Bitcoin
Ellen Degeneres is a comedian - let’s make that clear from the outset. Her flagship programme, the Ellen Show, has won over 50 Emmy Awards and its Youtube channel is rated in the top 20 for the most subscribers.
She is loved by many and her opinion matters. That’s maybe why her recent segment on Bitcoin on her show, while admittedly tongue-in-cheek, didn't do much to actually unpack or define what the preeminent cryptocurrency actually is.
Comically speaking, she summed up the sentiments of many people who’ve struggled to come to grips with what Bitcoin is. Poking fun at people who go along with Bitcoin conversations, she suggested most of us just pretend we know what we’re talking about, as summed up by CNBC.
"Everybody is talking about Bitcoin, nobody understands it. It's like a plot twist in a confusing movie, when you're watching a movie and your friends are acting like they know what's going on, and you're like, 'Yeah, I do too.'
"Pretend like Bitcoin is a goat. Now it's adorable... and you want to pick it up and you want to pet it. But you can't because it's not there, it doesn't exist except for on that Internet right there, just like Bitcoin is digital currency."
While her explanation is hilarious - you can watch a snippet below - it does make one take a step back and wonder what kind of perception the mainstream media is creating around cryptocurrencies.
If you want to know what bitcoin is, I learned about it. A bit. pic.twitter.com/txICiTXYgi— Ellen DeGeneres (@TheEllenShow) February 15, 2018
It’s not surprising that a comedian would take this line with Bitcoin, as Ellen did with her Bitcoin-goat reference. The goat is cute, but you can’t interact with it because it exists as a picture on the Internet.
She made skeptical remarks about hardware wallets as well, and touched on the global trade of Bitcoin. Her parting sentiments were that she’d rather own a baby goat than Bitcoin - effectively distancing herself from ever owning cryptocurrency.
John Oliver - satirical insights
Renowned for his highly skeptical take on current affairs on his show, Last Week Tonight, John Oliver offers up a far more insightful, no holds barred critique of the Bitcoin phenomenon.
The astute, intellectual comedian treats the issue of cryptocurrencies far more seriously and goes about unpacking what Bitcoin is, how it works and the arguments for and against it.
Mix it in with his usual humour and it makes for some interesting viewing. Oliver muses in the episode:
“Many people believe that the really exciting thing about it is the potential of the innovative technology it’s built on and that is called Blockchain.”
He goes on to highlight the power of the Bitcoin Blockchain, using the example of a Bitcoin transaction across the globe versus a transaction made by a traditional bank, which could take a few days to be verified.
In comparison to Ellen’s segment, Oliver’s analysis is far more informative. What he does well is provide the pros and cons of cryptocurrencies - from conventional companies using the word ‘Blockchain’ to bolster the value of their stocks, to the absurdly long list of cryptocurrencies created by startup companies through initial coin offerings.
Of course, Oliver also takes the unconverted through a crash course of the most commonly used words of the cryptocurrency community. Namely HODL, FUD, MOON and REKT.
The likes of Dogecoin get a mention because of its original purpose as a parody cryptocurrency.
Good for a laugh - but not quite objective
As entertainers, both Ellen and John Oliver have given their fans what they’re looking for, perhaps at the expense of cryptocurrencies.
While still in its infancy, the market has had its fair share of growing pains, in the form of hacks, scams, bull runs and market corrections. However it is easy to highlight all the negatives, which most news outlets have jumped on.
As is the case with many of the top cryptocurrencies, their applications have shaken up the financial world in particular. Users now have, at their fingertips, a number of virtual currencies that have expedited the need for foreign exchanges, bank transfers and the bureaucracy that comes along with it.
The rhetoric being spread by the likes of Degeneres and Oliver has one potentially damaging consequence. People who are still learning the basics, the ins and outs of Blockchain, are being told to stay clear of the sector altogether.
Watched by millions, these videos can potentially stifle future adoption of Blockchain and cryptocurrencies, as people are influenced against supporting the developing technology. Why would you need to do your own research when these celebrities are telling you it’s best to stay clear?
Giving the prolific coverage of Bitcoin over the past year, many pundits have thrown their weight behind assumptions.
Over that time many other publications, journalists and broadcasters have made their own predictions on various platforms.
In August 2017, BBC tech correspondent Rory Cellan-Jones stated that Bitcoin was in a bubble in an exchange on Twitter, echoing his own sentiments in his own reports months earlier.
There was more of this apathetic rhetoric, along with calls for further regulation at the World Economic Forum in Davos this year, as Cointelegraph reported from the event. It must be said that well-informed members of the crypto community stood up against these views, highlighting the often biased views against the sector.
Bitcoin has even featured on famous TV sitcoms like Big Bang Theory, but as Motherboard writer Jordan Pearson suggests, the episode only scratches the surface and has a massive focus on the volatile value of Bitcoin - which is a common trend in most media references.
For the initiated, the likes of Max Keiser has often offered in-depth, insightful commentary on Bitcoin since its inception. With his financial background, he has always had a focus on the market side of things but he is finely in tune with the fundamentals of Blockchain technology,
These commentators do the industry justice, and their efforts create the right environment for positive developments in the sector. While some media piggyback off the cryptocurrency craze, others do their part to continue the growth of what is sure to be one of the biggest innovation of the 21st century.
France’s financial markets authority AMF has created its own blacklist of cryptocurrency websites, which unlawfully target French investors. Lawbreakers Yesterday, France’s financial market authority AMF published its list of 15 websites, which unlawfully ask individuals in the European country to invest in cryptocurrencies and digital assets. Additionally, the AMF has reminded potential investors that digital-currency-related businesses are subject to Sapin II law and that the following websites listed are not compliant. The AMF names the
After the most well-known cryptocurrencies Bitcoin and Ethereum, on the third row is ranked Ripple (XRP), currently being noticed as the third largest cryptocurrency by market cap. On contrary with its other opponents on cryptosphere that have seen massive decrease from the beginning of 2018, Ripple has not only seen a great movement in price, […]