Bad News for Bitcoin Investors It drops below $9000

Bad News for Bitcoin Investors: It drops below $9000

Bad News for Bitcoin Investors: It drops below $9000

Bitcoin’s month-long price slide continued on Thursday as the virtual currency fell below $9,000 for the first time since November. As we publish this article, one bitcoin is worth $8,700. That’s down 12 percent over the last 24 hours and 55 percent from December’s peak of $19,500.

The latest price decline comes amid growing concerns that the broader cryptocurrency ecosystem has become rife with scams and other questionable behavior. None of these developments have been focused on bitcoin specifically, but the cryptocurrency ecosystem is highly interconnected. All the other major cryptocurrencies have suffered losses over the last 24 hours, and many virtual currencies have seen their value decline by double digits.

RIP Bitcoin

The first bit of bad news this week was Facebook’s announcement that it was restricting cryptocurrency ads on its various platforms.

“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception,” Facebook wrote. Facebook described the policy as “intentionally broad” and listed “use your retirement funds to buy bitcoin” as an example of a cryptocurrency ad that wouldn’t pass muster under the policy.

Also this week, the Securities and Exchange Commission announced it was shutting down a little-known cryptocurrency project called AriseBank. The project was endorsed by boxer Evander Holyfield and claimed to have raised $600 million, but the SEC contends that the project was fraudulent.

Meanwhile, rumors are swirling about Tether, a cryptocurrency whose value is pegged to the United States dollar. Tethers are supposed to be redeemable for dollars at any time, but in recent months Tether has struggled to gain access to the conventional banking system and has failed to produce a financial audit demonstrating its solvency.

A significant number of bitcoin traders use Tether dollars as a substitute for actual dollars, so if Tether is revealed to be insolvent, it could have a big impact on the broader cryptocurrency economy.

Source: Arstechnica

Bitcoin price drops to $10,751 today 17 Jan 2018

Bitcoin price drops to $10,751 today 17Jan2018

Bitcoin price drops to $10,751 today 17Jan2018

Looks like another big fish has taken out investment.

Bitcoin has seen a drop in price by over $11,800 within just two hours. Now today the price of bitcoin is $10,751. The most dominating cryptocurrency which started its epic bull run last year, with a price below $2,000, rose up, eventually reached around $19,000, has started to fall as soon as 2017 came to an end. This could be happening due to the increased interest of investors in altcoins, which are seeing a surge in price from this year.

As reported by CoinDesk, Bitcoin started today’s session with a price of $13,585 and reached a high of $13,601, before the sudden fall happened at 07:00 UTC, and the crypto saw a price drop from $13,210 down to $11,850 at 08:30 UTC. This makes it one of the highest drop in Bitcoin’s price by $1,360 in just one and a half hour.

When we talk about the interest of big players in the cryptocurrency it varies in different segments. Large financial institutions have entered the ongoing fray of cryptocurrencies as the Bitcoin futures have been launched by the biggest trading exchanges CBOE and CME. Whenever Bitcoin sees a drop in value to this extent, there are chances that some big investors have taken out their investments. Meanwhile, the celebrity endorsement has also given a push to Bitcoin, which resulted in this skyrocketing price.

See Also: 15 Crypto Currencies you must need to know and buy

It could be said that investors of Bitcoin are on a roller coaster ride. The price of cryptocurrency is unpredictable and fluctuates every second. However, according to the data revealed by CoinMarketCap, all the top 20 cryptocurrencies in terms of market capitalization crashed today, as Ethereum is down by 14 percent, Ripple is down by 21 percent and Bitcoin Cash also saw a drop off by 19 percent during the past 24 hours.

Source: CNBC

Chinese Crypto Exchange Adds 240,000 Users in an Hour

The world’s biggest cryptocurrency exchange keeps getting bigger. Hong Kong-based Binance.com is adding “a couple of million” registered user every week with 240,000 people signing up in just one hour Yesterday, CEO Zhao Changpeng said in an interview to Bloomberg Television. Demand is so high that company is limiting new customers said in an interview and that exchange will reopen in few weeks.

World’s Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour

“We did not expect this kind of growth to be honest,” Zhao said from Tokyo on Thursday.

Binance was the world’s most active crypto exchange over the past 24 hours, according to Coinmarketcap.com, hosting $6 billion worth of digital currency trades. The most popular asset was Tron, which accounted for 11 percent of volume.

Zhao said his average customer was male and aged 25-35, though Binance is “beginning to get a lot of interest from institutional investors.”

Professional money has largely shunned the frenzy accompanying cryptocurrencies, with Warren Buffett becoming the latest name from the world of high finance to voice doubts, saying on Wednesday that “they will come to a bad ending.”

Zhao said he was unfazed by the comments.

“Warren Buffett is a guy I truly respect from an investment point of view,” he said. “But I do not think he understands cryptocurrencies at all. It is what it is. I still respect him in other parts of his expertise. But I think on cryptocurrencies he’s making a big mistake.”

Server Limit

Traffic on Binance has been so high that the company hits the limit of servers per account permitted by its cloud provider Amazon.com Inc. “every day,” Zhao said. Amazon Web Services is the world’s biggest provider of cloud computing services, powering large companies such as Netflix Inc.

“We have a guy whose full-time job is just requesting servers,” he said. “Every day they say, ‘OK, here are 200 more,’ but we just ask for more.”

Representatives from Amazon didn’t immediately reply to a request for comment.

Source: Bloomberg

15 Crypto Currencies you must need to know and buy

Crypto currencies are  the digital currencies that uses encryption (cryptography) to generate money and to approve transactions. The new Coins are created by mining.
You can Review the list of currencies we believe you should know about.

1) Vertcoin (VTC):

Founder: Paul Bradley

Introduced: January 8, 2014

Vertcoin is similar to bitcoin, but with improvements and added features – like ASIC resistant Proof-of-work (PoW) function and Stealth Address technology. Unlike bitcoin, Vertcoin is against centralized mining and promises to stay that way. Vertcoin, which has skyrocketed 187.47% higher in the past year, can be purchased via YObit.


2) PIVX (PIVX):

Founders: Coin Server and s3v3n h4cks

Introduced: February 1, 2016

PIVX, which stands for Private Instant Verified Transactions, is a cryptocurrency managed by a global community. Based on bitcoin, PIVX uses an energy-efficient Proof of Stake protocol – as well as a 2nd tier Masternode network. This blockchain technology ensures its sustainability via a self-funding treasury system. PIVX can be purchased at AnyCoin Direct. This coin has grown by about 31% in value over the past three months. You can be purchased via YObit.


3) NEM (XEM):

Founder: Lon Wong

Introduced: March 31, 2015

Standing for “New Economic Movement,” NEM is powered by its cryptocurrency called Nemcoin. The idea behind the inception of this digital currency was not so much to beat Bitcoin, but rather to develop (from scratch) a new economy based on principles of decentralization, equality, freedom and solidarity – out of the realm of the current global power brokers. You can be purchased via Binance


4) TokenCard (TKN):

Founder: Mel Gelderman

Introduced: May 2, 2017

This cryptocurrency, loaded onto a Token Contract Wallet, can be spent normally at cash registers and ATMs – by using a depositless Ethereum debit card called the TokenCard. Users can spend ERC20 tokens, and manage everything using the Token App. Users can even set limits on their spending to remain in control, and freeze the card instantly if it gets lost. Unfortunately, TokenCards haven’t launched yet – but TKN can be exchanged via Binance.


5) Decred (DCR):

Founder: Jake Yocom-Piatt        

Introduced: April 25, 2017

This coin has jumped 4,458.30% in the past year. Decred was crafted by some of the original Bitcoin developers, who had a vision of a decentralized cryptocurrency network that gives all miners and users the same amount of influence. Even a new developer can propose a new implementation, and Decred encourages members to make the system better. DCR can be purchased via YObit.


6) Ark (ARK):

Founders: Matthew Grexx, Velislav Valkov, Chin Song, Khanh Vuong, Stefan Neagu

Introduced: November 7, 2016

Ark claims that it is one of the fastest in the industry when it comes to waiting for transactions to clear and enter your wallet – boasting just 8 second block times. The ARK teamkeeps the blockchain “lean and fast” by off-loading non-essential functions into hundreds of side-chains. ARK has grown in value by a whopping 198.4% in the past 90 days. It can be purchased via Binance.


7) Lisk (LSK):

Founders: Max Kordek and Olivier Beddows

Introduced: May 25, 2016

This cryptocurrency was forked from Crypti last year, and the Lisk system provides decentralized blockchain apps. At the time of its ICO, when it raised $5.8 million, it was the second most successful cryptocurrency that had been crowdfunded – only to be beaten by WAVES and The DAO later the same month. Lisk, which has more than doubled in value over the last three months, you can purchase it on Binance or YObit.


8) DigiByte (DGB):

Founder:  Jared Tate

Introduced: January 20, 2014

This digital coin operates on the DigiByte Blockchain, and DigiBytes (the name of the cryptocurrency units) can be loaded onto a debit card by using WirexApp.com. This blockchain was the first to ever fork from a single proof-of-work algorithm to multi-algorithm mining. DigiBytes can be purchased through YObit.


9) Bitcoin Cash (BCC):

Founder: James Hilliard

Introduced: August 1, 2017

With the goal of expanding the limitations of Bitcoin’s 1M global network storage maximum, Bitcoin Cash was forked off of Bitcoin in August of 2017. Bitcoin Cash quickly jumped to being the third-highest valued cryptocurrency, and owners of Bitcoin during the hard fork were gifted Bitcoin Cash equal to their Bitcoin holdings – a pretty lucrative pickup. On top of that, BCH is up 72.23% this past month. BCH can be purchased via several exchanges, you can purchase it on Binance or YObit.


10) Verge (XVG):

Founders: Dogedarkdev

Introduced: September 10, 2014

Verge used to be called Dogecoin Dark (DOGED) when it was created by a user named Dogedarkdev in 2014. DOGED was one of the very first completely anonymous cryptocurrencies on the market. Dogecoin Dark rebranded as Verge in 2016, with XVG serving as its tokens. It can be bought on a number of exchanges, including Binance or YObit. and has jumped by 32% in value over the past 7 days.


11) OmiseGo (OMG):

Founders: Jun Hasegawa (CEO) and Donnie Harinsut (COO)

Introduced: June 27, 2017

This cryptocurrency has its beginnings in an existing financial product (pre-cryptocurrency) called Omise – which is a very popular payment management solution in Southeast Asia, particularly in Thailand. OmiseGo builds on that – it’s an e-wallet and payment platform that works across assets and currencies (including fiat currencies and digital ones). OMG tokens can be can purchase it on Binance or YObit.


12) Bancor (BNT):

Founders: Guy Ben-Artzi, Eyal Hertzog, Yudi Levi, Galia Benartzi

Introduced: August 21, 2016

Back in June of this year, Bancor raised a whopping $153 million of Ether (the cryptocurrency coin from Ethereum) during an ICO that lasted just three hours. At the time, it was the largest token sale on record. The shtick with Bancor is that its coins aim to make cryptocurrency exchanges disappear – the coins match themselves to buyers and sellers, using automatic rules instead of traditional exchanges. You can purchase it via Binance or YObit.


13) Dash (DASH):

Founder: Evan Duffield

Introduced: March 25, 2015

Dash was initially launched as Xcoin (XCO), then its name changed to Darkcoin about a month after that. On March 25, 2015 it was rebranded as Dash (Digital Cash). With a strong presence in academia, Dash launched a “Blockchain Research Lab” with Arizona State University. You can buy Dash at Binance or YObit.


14) Dogecoin (DOGE):

Founder: Jackson Palmer

Introduced: December 8, 2013

Originally launched as a joke currency, Dogecoin was inspired by a popular internet meme depicting a shiba inu dog – which is clearly reflected in this cryptocurrency’s logo. You can load your Dogecoin wallet by exchanging it for Litecoin or Bitcoin via YObit. Dogecoins have grown by 12.7% in the past month.


15) Stratis (STRAT):

Founder: Chris Tew (now CEO)

Introduced: July 2016

The idea behind the Stratis platform was to create a one-stop shop for all things blockchain – primarily becoming a blockchain-as-a-service (BAAS) platform. When it comes to technology, this cryptocurrency is a copy of Bitcoin’s core code, with a few improved features and coded in C# rather than C++. You can buy STRAT on Binance

 

Opera browser now protects you from crypto attacks

Opera browser now protects you from crypto attacks

Opera today launched version 50 of its desktop browser. Sadly, this release doesn’t come with a cake to celebrate this milestone (not even a tiny cupcake), but the newest release does include a new feature that makes sure that nobody can mine cryptocurrencies in your browser.

While browsers and JavaScript aren’t exactly the most efficient way to mine coins, the sheer number of users who could be running these scripts makes up for that (and the fact that the attackers don’t have to pay for power also helps). For the most part, though, these sites mine coins like Monero that use very compute-heavy algorithms where CPUs are able to compete with what is traditionally a GPU-centric approach (reportedly, that’s also what North Korean hacking units occasionally use to mine coins on hijacked machines).

It’s worth noting that there are extensions for Chrome and Firefox that will perform the same service for users on those browsers. In Opera, this new cryptojacking feature is automatically enabled when you turn on the browser’s ad blocking tool.

Cryptocurrency Rates today

“We are fans of cryptocurrencies but we simply don’t accept that websites are using people’s computers to mine coins without their knowledge or consent,” said Krystian Kolondra, head of Desktop Browser at Opera. “With the new Opera 50, we want to kick off 2018 by providing people a simple way to regain control of their computers.”

How much does Opera love cryptocurrencies? Enough to build a currency converter for Bitcoin, Ethereum, Bitcoin Cash and Litecoin into its browser.

Other new features in Opera 50 include support for streaming videos to Chromecast and a built-in VR player that lets Oculus Rift users enjoy 360-degree videos in their headsets.

Source: TechCrunch

Top 7 Bitcoin Advertising Networks

 

If you own a website and would like to start earning some bitcoins with its traffic, you might want to partner with a bitcoin advertising network instead of Google AdSense. These networks essentially serve ads on your website on behalf of advertisers that work with them, and will pay you once you reach a certain threshold. They can be a great way to earn a few bitcoins, while blogging about what you love. Here are some of the best ones (in no particular order):

7. COINURL

CoinURL lets users earn in two different ways: either through interstitial ads, or through banner ads. Interstitial ads allow users to monetize shortened links, which can be used in tweets and Facebook posts, as they appear when the user clicks the link. This can, however, be extremely annoying for some few users.

Banner ads are displayed on your website, and allow you to earn in the popular PPC (Pay-Per-Click) system. The minimum withdrawal amount is 0.01 BTC. Recently, some people have been claiming the website stopped paying, we could not however confirm this.

6. ADBIT

With AdBit, advertisers bid against each other for a share of a publisher’s ad space. Basically, as a publisher, you will give advertisers a small advertising space on your website, and will earn according to the amount being bidden – if advertisers love your website you will earn more, and if they do not you may still earn a few satoshis for setting the ad space up.

5. BITMEDIA

BitMedia allows publishers to display both text and banner ads, and has a minimum withdrawal amount of 0.01 BTC. The network can be seen as bitcoin’s version of Google AdSense, as it uses the effective PPC model and offers very high rates, as long as your website passes its strict approval criteria and has high-quality traffic.

4. MELLOW ADS

Mellow Ads is a veteran in the market, and it can help your website either earn a lot, or a little, depending on the quality of your traffic. Reportedly, it pays per unique click or view, which means a lot of returning users may essentially mean publishers will not earn as much as they would expect. They only approve high-quality websites, but claim to give publishers 90% of what they get from advertisers.

3. COINTRAFFIC

Cointraffic does not give out a lot of information, but from what we have gathered this bitcoin ad network works with trustworthy publishers, and pays them well. Their support system is regularly seen as the best, as far as bitcoin ad networks go, which means they will quickly help publishers out. They calculate earnings in fiat currencies, but pay in bitcoin – this can affect your earnings if the price suddenly changes.

2. COINAD

It is not easy for publishers to work with Coinad, as they can only be accepted by invite. By only accepting trusted, high-traffic websites, they make sure advertisers get their money’s worth. Statistics given are rather limited, but the ad fill rate is great and, according to a few of those who’ve tried the network, publishers are well paid.

1. A-ADS

A-Ads (Anonymous Ads), is a bitcoin advertising network which does not collect any personal data. It has been around for a long time and is a very reputable service. To earn, publishers do not even need to register on the platform, they merely need to select an ad unit type, filter ads that can be displayed on their website, and set their withdrawal parameters. Publishers are paid per unique impressions, possibly on a daily basis, and can also earn through referred sales, depending on the advertisers.