Category Archives: Bitcoin

Cryptocurrency Rates in Euro- 07Feb2018

Bitcoin is recovering from its lower levels seen yesterday morning, while other  crypto currencies are flat to negative. Some of them maybe losing capital to Bitcoin, because Bitcoin had fallen down to attractive rates of $7000-7500 yesterday.

Cryptocurrency Rates in Euro – 07Feb2018, 12:00 CET

Bitcoin: BTC-EUR 6216.10 €       +697.50 (12.64%)
Ethereum: ETH-BTC 619.43 €    +10.26 (1.68%)
Litecoin: LTC-BTC 99.40 €      -8.64 (-8.00%)
Iota: IOT-BTC 1.31 €       -0.05 (-3.49%)

 

Facebook Messenger Unlikely to Support Crypto

Facebook Messenger is unlikely to embrace cryptocurrency payments anytime soon according to David Marcus, Facebook’s vice president of messaging. In a recent interview with CNBC, the former president of PayPal pointed to perceived issues with existing cryptocurrencies, specifying high transaction fees and slow transaction times as reasons why the product isn’t likely to introduce the technology as a payment method, at least in the near term. However, Marcus, who joined the board of Coinbase in late 2017, did leave the door open to allowing such payments in the future, saying that when blockchain developer communities “fix all the issues,” it’s possible that the company will “do something” to open up the option.

Reference: https://www.coindesk.com/ex-paypal-president-facebook-messenger-unlikely-support-crypto/

New York Wants a Piece of the Ever Growing Bitcoin Mining

The New York Power Authority has approved the allocation of 15,000 kilowatts of hydroelectric power to a new bitcoin mining venture by Coinmint, the North Country Data Center Corp (NCDC), pending the approval of a contract within a year. Coinmint, which currently operates a bitcoin mining facility in Plattsburgh, expects that the cryptocurrency market will continue to grow worldwide and thus seeks to expand its business to a second facility. According to the proposal plan, the power allocation would support capital investment of at least $165 million and the creation of 150 new jobs in connection with the proposed project. The plan will involve renovating a former metal smelting facility in Massena, and the installation and operation of up to 180,000 specialized bitcoin mining systems within two years. Once complete and fully operational, the NCDC expects to handle 15 percent of the global cryptocurrency business.

Reference: https://news.bitcoin.com/new-york-wants-a-piece-of-the-ever-growing-bitcoin-mining-pie/

The Solution to the World’s Most Toughest Bitcoin Puzzle

1FLAMEN6 was the name assigned to a notorious bitcoin address created in 2015. The notoriety came on account of the 5 BTC locked inside it. The coins were anyone’s to claim, but to unlock them they would have to solve a visual puzzle that had baffled some of crypto’s greatest minds and finest armchair detectives. The Legend of Satoshi Nakamoto is a visually rich painting by @coin_artist, who devised the board game-inspired artwork in conjunction with fellow crypto creative Rob Myers. It was evident that the painting contained clues that would reveal the key to the bitcoin wallet, but those clues were so obscure and esoteric as to thwart all attempts to crack them.

Reference: https://news.bitcoin.com/the-solution-to-the-worlds-most-toughest-bitcoin-puzzle-is-as-clever-as-its-creator/

China extends ‘great firewall’ to block crypto websites

On Monday, People’s Bank of China (PBOC) affiliated publication Financial News reported that financial regulators in the mainland are working on “a list of measures” against cryptocurrency trading. The measures include “dealing with domestic and international websites,” the reported stated, according to the South China Morning Post. The central bank-linked publication said the decision “to remove any onshore or offshore platforms related to virtual currency trading or ICOs [initial coin offerings]” was made “to prevent financial risks.”

Reference: https://coingeek.com/china-extends-great-firewall-block-crypto-websites/