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Forex and Contracts For Difference (CFD) brokerages are introducing Bitcoin Cash CFD trading pairs to their platforms. This month, Avatrade and Admiral Markets have launched BCH/USD pairing, demonstrating increasing Bitcoin Cash adoption on the part of traditional financial markets.


Also Read: Reward-based Social Media Platform Yours Switches from Litecoin to Bitcoin Cash

Avatrade and Admiral Markets Have Introduced Bitcoin Cash CFD Trading This Month
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Bitcoin cash CFD trading has begun to proliferate this month. Popular brokerages Avatrade and Admiral Markets have both launched BCH/USD trading pairs this month, signaling growing Bitcoin Cash adoption on the part of conventional finance brokers.
Avatrade introduced bitcoin cash CFD this past week. The company now offers CFD trading in 7 cryptocurrencies, including Bitcoin, Ethereum, Ethereum Classic, Ripple. Litecoin, and Dash. Chief Executive Officer of Avatrade, Daire Ferguson, has described 2017 as “the year of crypto trading’, stating that his company is “very proud to be leading the industry and offering our clients the best trading environment. Avatrade was founded in 2006 and offers fully regulated trading to Japan, Australia, the EU, South African, and the British Virgin Islands.
Earlier this month, London-based trading provider, Admiral Markets UK LTD., claimed to become the world’s first brokerage firm to introduce trading pairs for bitcoin cash. Admiral Market offer BCH/USD pairs for both demo and live trading.
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Jens Chrzanowski, Member of the Management Board Admiral Markets, has described the company’s decision to launch Bitcoin Cash CFD trading with enthusiasm. “As far as I know, we’re the first to offer the new Bitcoin Cash cryptocurrency for trading. It’s brand new, but has managed to instantly become the world’s third most valued cryptocurrency by market capitalisation. We advise you to try out trading new instruments like this with our demo account.”
Bitcoin cash continues to comprise the third largest total market capitalization in cryptocurrency, and has enjoyed significant trading volume on numerous major crypto exchanges following its conception on August 1st. Bitcoin Cash rallied to test the $900 USD price area this past week, driven by a sudden surge in South Korean trading volume. The price has since lost approximately 25-30 percent and is currently consolidating around $600 USD.

Do you think that bitcoin cash CFD trading pairs enjoy the same success as bitcoin in the forex and CFD markets? Share your thoughts in the comments section below!

Read More Read More, Posted by: JoseRizl
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On August 25 the largest global bitcoin payment processor, Bitpay, addressed the company’s controversial blog post on Segwit2x last week. The firm received a lot of backlash for advising Bitcore nodes to utilize the BTC1 (Segwit2x) software over the Core client. Now the company reveals why it gave instructions to use the BTC1 version of Bitcoin.


Also Read: SEC Declares DAO Tokens Securities and ICOs Subject to Federal Securities Laws

The Segwit2x Instructions Naturally Upset Some People Who Support Bitcoin Core Software
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Last week Bitpay’s blog post stirred up a lot of controversy and many arguments between Segwit2x supporters and Core development supporters. Many bitcoin proponents and luminaries, asked people to boycott the startup, and even called the blog post “illegal” and “fraudulent.” The company was also removed from the Bitcoin.org portal by the website’s administrator Theymos. Now the company is addressing the situation in a follow-up blog post called “Bitpay’s Perspective on Segwit2x.”
“Last week Bitpay published an advisory regarding a double spend risk for developers using non-Segwit compatible nodes of our Bitcoin development platform Bitcore,” explains Bitpay. “We recommended that these developers mitigate double-spend risk by installing a Segwit-compatible boundary node. As our boundary node instructions used the BTC1 version of Bitcoin, this naturally upset some people that support a rival implementation of Bitcoin called Bitcoin Core.”

‘We Must Remain In Sync With the Hashrate Majority Chain’

Bitpay explains that bitcoin miners have adopted Segwit2x software, and they intend to “increase the base block size limit to 2mb in November.” The company assumes that miners will continue to do as they intended, and this means Bitpay must be prepared and stay on the hashrate majority chain. The firm says that the company needs a reliable blockchain to support their infrastructure, and the “backbone network must also be highly available.”

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This high-availability requirement means that we must remain in sync with the hashrate majority chain. Block production on a minority fork of Bitcoin would be inconsistent, and it may cease to operate without emergency measures. Such a service interruption is unacceptable for us and for our users.

‘Avoiding Service Interruptions’


The Atlanta-based company understands that bitcoin Core developers have decided not to adopt the Segwit2x protocol. However, Bitpay says if they continued to run Core software and miners continued to adopt the 2MB fork, then they would find themselves on a minority chain. In essence, the company wants to avoid service interruptions, and doing so means following the majority hashrate.  
“To avoid an interruption in service, Bitpay must be prepared for an increase in the block size limit in November,” Bitpay adds. “The BTC1 version of the Bitcoin software implements the Segwit2x rules that miners have adopted. Since staying on the hashrate majority chain is a priority for us, we are preparing to deploy that software.”

What do you think about Bitpay’s statements concerning Segwit2x and Core software? Let us know what you think in the comments below.

Read More Read More, Posted by: JoseRizl
Halo Gan Wink

  Jumpa lagi sama saya
Kali ini saya akan mengajarkan gimana caranya dapat "Mining BTC Profit Gede"

Sebelumnya saya ada membahas "Mining BTC make PC?" bisa dilihat  Disini
Jadi bedanya yang sekarang apa?
1.Profit Lebih Gede (Karena langsung nambang BTC -bukan Alt Coin)
2.Feenya lebih kecil (Karena kita bisa langsung WD)

Syarat: (sama seperti sebelumnya juga)
1.Punya Spek PC High
2.Punya Ruangan yang dingin (AC+Kipas)
3.PC Online 24 Jam (gak mesti juga sih, tapi kalau mau gede ya gitu)
4.VGA harus tahan banting (wkwkwk)
5.Cocok buat orang yang punya aktifivtas di luar

Caranya Gimana?:
1.Silahkan Daftar di NiceHash = Disini

2.Silahkan Daftar VIPBTC (Buat Penyimpanan BTC) = Disini
3.Download Software Miningnya = Disini
4.Instal Sendiri Dan Buka Softwarenya 

5.Login Dan Masukan Wallet yang ada di Dashboard Nicehash kalian
6.Tekan "Hardware Details" kemudian "BENCHMARK ALL"
   Tunggu hingga selesai
7.Tekan Tombol Start (Finish)

Tapi setiap software mining pasti ada kekurangan dan kelebihan
Contoh Kekurangan:
Minergate : Feenya lebih Gede Karena Alt Coin
Nicehash   : Suhu Lebih Panas karena tidak bisa diatur seperti Minergate

Contoh Kelebihan:
Minergate : Dapat diatur kecepatan mining sehingga tidak terlalu over
Nicehash  : Feenya lebih kecil karena langsung BTC

OK Terima Kasih buat kalian semua yang sudah baca
Ikuti Petunjuk Jika PC kalian Memang High ya
Jangan make Laptop/PC Standard buat main game PB (wkwkwk) Tongue

Silahkan Komentar dibawah buat saling diskusi

Bye-Bye

Accepting Donation:
GC4KAS6W2YCGJGLP633A6F6AKTCV4WSLMTMIQRSEQE5QRRVKSX7THV6S

Read More Read More, Posted by: posat001
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MGT Capital has announced it has raised $2.4 million USD to expand its mining operations. The capital has been raised through the issuance of a 10 percent convertible note to UAHC Ventures LLC.


Also Read: McAfee’s MGTI ‘Macpool’ Mines 100 BTC per Month

The Funds Have Been Raised Through Issuing a 10 Percent Convertible Note to UAHC Ventures LLC
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MGT Capital has raised $2.4 million USD to expand the company’s cryptocurrency mining operations. The funds will be used to bolster the company’s mining operations in the Northwest of US – where abundant hydropower is attracting cryptocurrency miners.
The funds have been raised through issuing a 10 percent convertible note to UAHC Ventures LLC – a subsidiary of United American Healthcare Corp. In a press release to share holders, MGT Capital has stated that “the note is self-amortising with a maximum repayment of $160,000 (£124,880) per month.” MGT has also issued UAHC Ventures with a warrant to purchase shares of MGT’s common stock.
Stephen Schaeffer, president of MGT Capital’s cryptocurrency division, has described the expansion as “further evidence of [MGT’s] commitment to being the leading miner in North America.” Schaeffer also stated that the company is “currently constructing our third location in Washington State, and plan to deploy new mining rigs in this facility in early October 2017.”

“We See Bitcoin and Related-Mining Activities as a Promising and Fast-Growing Segment of the Digital Currency Sector” – John Fife, CEO of UAHC Ventures
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CEO of UAHC Ventures, John Fife, has described mining as one of the most dynamic sectors of the cryptocurrency economy. “Today we see bitcoin and related mining activities as a promising and fast-growing segment of the digital currency sector. We will further explore potential value-adding opportunities in the digital currency space, as they present themselves.”
In an interview with Bloomberg, then MGT Capital CEO, John McAfee, stated the company’s expectations to “be profitable before the end of the year”. MGT recently announced that it had passed the milestone of having mined 1,000 bitcoins since the company started mining operations in September of last year. MGT is also continuing the development of its so-called ‘Privacy Phone’ – which currently has an expected release date of February 2018.

Do you think that industrial mining operations will continue to proliferate within the United States? Share your thoughts in the comments section below!

Read More Read More, Posted by: JoseRizl
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Leading Chinese bitcoin exchanges have been accused of using client funds for the purposes of making high-risk investments. Chinese state media outlet, Xinhua, first reported the allegations that Chinese bitcoin exchanges have been diverting customer funds toward private “wealth management products”.


Also Read: A Brief Glimpse Into the Lives of Chinese Bitcoin Miners

Chinese State Media Has Alleged That Chinese Bitcoin Exchanges Have Collectively Invested Approximately $1B Yuan ($150M USD) Into “Wealth-Management Products”
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Leading Chinese exchanges have been accused of using customer funds to make high-risk private investments, Xinhua has reported. Xinhua alleges that Huobi and Okcoin collectively invested approximately 1b yuan ($150 m USD) into “wealth-management products”, citing recent investigations made into the activities of cryptocurrency exchanges by the People’s Bank of China.
Okcoin has issued a statement refuting the allegations, stating “we at OKCoin have a strict policy of placing idle client funds into lower-risk banking products. This policy is in keeping with general practices in the banking and securities industry, for both the purpose of safeguarding clients funds.” Huobi is yet to issue a statement regarding the allegations.
Xinhua has since published an editorial piece advocating for greater government regulation in the face of increasing dynamism within the cryptocurrency sphere. “New things are developing so fast that regulations must keep pace,” Xinhuan states, before expounding that authorities go to greater lengths to shut down bitcoin exchanges suspected of “dubious” operations.

Ascertaining the Validity of Xinhua’s Claims Has Become Difficult Due to the Absence of Further Documentation Supporting the Allegations
 
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Ascertaining the validity of Xinhua’s claims has become difficult due to the absence of further documentation supporting the allegations. Western media has been unable to access a key People’s Bank of China report cited in the article, and further details regarding the investment products that hosted clients funds are unavailable.
Quartz has reported that Beijing-based bitcoin exchange employees have revealed that cryptocurrency exchanges have become subject to increasing regulatory scrutiny following the People’s Bank of China’s crackdown on leading cryptocurrency exchanges, included mandatory reporting to China’s central bank.

Do you think that the major Chinese bitcoin exchanges are likely to have been engaging in high-risk investments using client funds? Share your thoughts in the comments section below!

Read More Read More, Posted by: JoseRizl
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This past week bitcoin prices dropped below the sub-$4,000 range to a low of $3,600 on August 21. Bitcoin market’s started to bounce back the day after and the price is hovering around the $4,230 territory at the time of writing.


Also read: First Bitcoin Exchange Launching in Egypt

Bitcoin Price Bounces Back Just Before Segwit Activation

Last week bitcoin bears managed to drag bitcoin’s fiat value down to the $3,600 range as many sellers took in some solid profits. After breaking below the $4,000 support region, the decentralized currency quickly jumped back to just about the $4K territory, and held that position for about 12-18 hours. Following this period, during the early hours of August 23 bulls pushed the price back up to $4,250, coincidently at the same time bitcoiners watched Segregated Witness (Segwit) activate on the Bitcoin network. However, the price is currently bouncing between $4,190-4,230, dipping slightly after yesterday’s high

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Spectators have also been watching the correlation between bitcoin (BTC) and bitcoin cash (BCH) markets as the two have been sharing an interesting relationship. BCH reached an all time high of close to $1000 last week, and became more 140 percent more profitable to mine than the BTC chain. Further, this week a large swathe of miners started pointing their hashrate at the BCH chain and it is now longer than the legacy chain. When BCH’s market value increased, at the same time the price of BTC dipped, but the price per bitcoin has since rebounded just before Segwit activation. At press time the price of bitcoin cash is roughly $650 per BCH and the chain is currently 14 percent more profitable to mine than BTC. 


Technical Indicators

After the correction on August 21, bitcoin trade volumes increased immensely as the currency is trading over $2.4B in 24-hour volume over the past three days. Technical indicators had shown the short term 100 Simple Moving Average (SMA) dropped below the long term 200 SMA confirming it was a seller’s market. The 100 SMA is still under the 200 average, but both trendlines show they may soon cross hairs in the next 12-hours. The Relative Strength Index (RSI) oscillator is heading north at the moment, indicating a positive momentum upwards. Reading the Stochastic’s momentum indicator, however, details there are strong resistance levels ahead for bitcoin, and order books on many popular exchanges confirm this signal.

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Bitcoin (BTC) price at 11:00 am EDT, August 24, hovers around the $4,220 range.


Community Sentiment & Recent Bitcoin Events

Yesterday lots of bitcoiners patiently waited for the Segregated Witness protocol to activate on the network. Bitcoiners threw parties and celebrated the protocol’s activation on August 23. Segwit activated at approximately 10 pm EDT on August 23 on block 481822 mined by the pool BTC.com. As the protocol goes live on the Bitcoin blockchain, users will watch to see what happens with the new changes. Many will be waiting to see if it relieves transaction (tx) congestion and network fees, which have reached an all-time high of above $6 per tx.

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Bitcoin fees reach a new all-time high during the end of August.


Additionally, the community has also been debating the next part of the Segwit2x roadmap, which plans to hard fork the network and raise the block size by 2MB. This part of the compromise has caused quite a bit of quarreling this week, but the Segwit2x working group is continuing their plans. On August 23 Segwit2x lead developer Jeff Garzik states:

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As of this writing, we continue to have over 90% agreement from miners to move forward with SegWit2x. SegWit2x is officially locked in and the plan is working. We activated BIP91 without issue, as expected — Hashpower continues to signal 90+% support for SegWit2x.

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The Verdict


The price remains bullish, for now, after Segwit’s activation and people remain somewhat optimistic about the future of bitcoin. People will continue to watch the BTC/BCH relationship as hashpower resources seem to be bouncing back and forth between both chains chasing profitability. With Segwit2x there will be a lot going on over the next few weeks which can undoubtedly affect the price of bitcoin going forward.



Bear Scenario: For the time being there is a solid floor within the $4,000 range if the tides turn back downwards. However, bears could pull the price down further alongside negative events in the bitcoin ecosystem causing some sell-off. If so prices in the $3600-3800 territory could take place again for various reasons. The Stochastic indicator is showing the price may be in the overbought range at press time but things may change during Segwit activation.

Bull Scenario: Bulls and buyers seem to be back in the game trying to move positions higher. The activation of Segwit could be causing this market exuberance and it could possibly push the price higher to a new all time high (ATH). Another ATH is possible but there are significant resistance points along the way, and bulls will have to use brute force to break these zones. Prices moving towards the $5K range can still happen at this moment in time. 


Where do you see the price of bitcoin going from here? Let us know in the comments below.

Read More Read More, Posted by: JoseRizl
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Researchers have profiled the normative Australian bitcoin user, describing the industry participant’s avatar as under the age of 34, white, male, and living on the eastern seaboard. The research was conducted by bitcoin.com.au and polled approximately 1200 Australians.


Also Read: Australia Introduces Bill That Regulates Bitcoin Exchanges

The Survey Reveals the Average Australian Bitcoin User to be a White Male Under the Age of 34 Living on the Country’s Eastern Seaboard
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Research has sought to profile the average user of bitcoin in Australia. The survey reveals that the average Australian bitcoin user is a white male under the age of 34 living on the country’s eastern seaboard. The majority of bitcoin adopters use cryptocurrency for the purpose of investment.
The data reinforced a common trend for bitcoin adoption in developed countries, in which population centres with access to financial services seek to utilize bitcoin as an investment vehicle, while those living in areas that lack a high standard for accessing basic economic services fail to engage with the technology – despite the practical benefits offered by cryptocurrency’s utility.
The research was undertaken during July, and polled approximately 1200 Australians involved in the bitcoin economy as either participants or observers. The vast majority of survey participants owned less than 1 bitcoin (70 percent), with only 3 per cent of participants owning more than 25 bitcoins. Less than 10 percent of participants reported engaging in bitcoin transactions daily. Users cited transaction privacy, decentralization, and the fluidity of transnational transactions as the principle appeals of bitcoin. Seeking to reflect global estimates of female bitcoin adoption, only 10 percent of participants were women.

The Rising Costs Associated With Bitcoin Transactions Are Not Cited as a Major Concern by Australia’s Bitcoin Community
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The rising costs associated with bitcoin transactions are not cited as comprising a significant concern to Australia’s bitcoin community. The lack of concern regarding fees likely owes to bitcoin’s dominant use as a means for investment, rather than for its utility as a means of value circulation.
Survey participants were also polled regarding what they view as the major risks of cryptocurrency. Half of survey participants cited the risk of hacking or theft as the principal risk associated with bitcoin, whilst only 5 percent of users cited issues pertaining to anonymity as a major concern.

Do you think that the demographic profile presented by bitcoin.com.au’s researchers comprises an accurate reflection of the normative cryptocurrency user in a developed country? Share your thoughts in the comments section below!

Read More Read More, Posted by: JoseRizl
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A large South Korean conglomerate is entering the Bitcoin remittance market. Dongbu Group is partnering with Bitcoin remittance service provider Sentbe via its savings bank subsidiary. The move follows the legalization of “micro” Bitcoin remittances by the Korean government.


Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks

Korean Conglomerate Working with Bitcoin

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/08/logo-1-300x97.png[/img]Established in 1969, Dongbu Group is a large global conglomerate in South Korea. The group produces industry, chemical, shipping, insurance and financial products.
One of its many subsidiaries, founded in 1972, is Dongbu Savings Bank. The bank announced this week that it has signed a Memorandum of Understanding (MOU) with the Bitcoin remittance company Sentbe. An official from the bank said:
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[i]We have been working on this business alliance to prepare for the fourth industrial revolution era under the traditional savings bank business.[/i]
[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/08/sentbe-300x70.png[/img]South Korea-based Sentbe won a fintech award for its overseas remittance concept using Bitcoin in 2016. The service allows customers to send money to the Philippines, Vietnam, Indonesia, Japan, and China. It allows users to save up to 95% of the fees charged by traditional banks, its website detailed. The recipient will receive money within 24 hours.
“This MOU is aimed at securing joint business opportunities by exploring new business models based on new technology and expertise of the WSBI overseas affiliate network,” the announcement detailed.
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Dongbu Savings Bank and Sentbe Holding Signed MOU



WSBI, the World Savings and Retail Banking Institute, represents the interests of 6,000 financial institutions in about 80 countries worldwide. Dongbu bank became the first Korean savings bank to register as a full member of WSBI in 2003. Through the association, the bank works with many financial institutions worldwide including Sweden’s Swedbank and Germany’s Fra-Spa. In Asia, it works with Philippine Postal Savings Bank, Indonesia National Housing Bank, Sri Lanka National Savings Bank, Thai Government Savings Bank, Malaysian Savings Bank, and Uzbek Savings Bank.



Bitcoin Remittances Legalized in July



This partnership follows the amended Foreign Exchange Transactions Act, which went into effect on July 18. A senior researcher at Hana Institute of Finance, Kang Mi-jung, commented at the time that “domestic banks need to find ways to provide remittance services for simple and inexpensive fees, and to establish new profit models through partnerships with fintech.”

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/08/shutterstock_521702407-300x200.jpg[/img]The new law legalizes Bitcoin foreign exchange transfers for small sums. Fintech companies wanting to provide such services must register with the country’s Financial Supervisory Service (FSS), and meet certain financial requirements. A paid-in capital of over 2 billion won, roughly $1.77 million, and a debt-to-equity ratio of below 200%, are examples of such requirements. There is a limit of $3,000 for each transfer and an annual limit of $20,000.

In accordance with the amended act, Sentbe is in the process of being approved as a “micro-foreign remittance business,” the bank revealed, adding that it is preparing to expand the market of micro-foreign remittances.


What do you think of Dongbu Group entering the Bitcoin remittance market? Let us know in the comments section below.


Read More Read More, Posted by: JoseRizl
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We’re always striving for Bitcoin.com to be the leading destination for all your bitcoin needs. This month we are thrilled to announce that our new easy-to-use bitcoin wallet is now available for multiple operating systems.


Also read: Hedge Funds Are Quietly Investing in Bitcoin   

Introducing the New Bitcoin.com Wallet: Great for Beginners and Seasoned Experts  

Bitcoin.com is growing immensely with many feature services and tons of cryptocurrency content for both newcomers and veterans in this space. We have a vast array of educational sources, a wiki, bitcoin-related news, casino games, and so much more. Now we’ve decided to launch our premiere Bitcoin.com wallet client for Mac, Windows, LinuxApple iOS, and Android operating systems. We’ve also created a fantastic chrome extension wallet as well. Additionally, we think our wallets are perfect for beginners as the user interface makes it really easy to use and store bitcoins.
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The new Bitcoin.com wallet available for Mac, Windows, Linux, Chrome Extension, and Android and iOS mobile applications. Download a wallet for your operating system today! 



With the new Bitcoin.com wallet, users can purchase bitcoins, send and receive the decentralized currency, and store their digital asset with confidence. Users can verify the code and download the clients via Github, as well as download the Android clientfrom Google Play, and our iOS wallet from the App Store. Bitcoin.com’s CEO, Roger Ver, is thrilled to provide a first class wallet for bitcoin users both new and old.

“I’m excited about our new wallet,” explains Ver. “The user interface is straightforward, and I think beginners and even seasoned bitcoin users are going to appreciate the simplicity.”



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Now Bitcoin.com visitors can download a wallet while also having an enormous wealth of Bitcoin-centric information and feature services at their fingertips.
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Downloading and Using the Bitcoin.com Wallet


The first thing to do to get a Bitcoin.com wallet is visit our download portal that offers versions for all major operating systems (OS) available. Choose your OS and open the installer which will bring you to the wallet’s launch settings where you can start a new wallet or restore an existing account.

Starting a new wallet is easy, but make sure you have a piece of paper and pen handy to write down your secret twelve-word seed phrase. Your seed phrase will give you access to your private keys, and you can restore a wallet from any OS using your seed in case you have an emergency. Bitcoin.com does not store users funds, and they can only be retrieved by using your private keys/seed phrase.

Using the wallet is simple as well, as users can send and receive using a copied address or scan a QR code. Furthermore, you can be quickly directed to the Bitcoin.com web portal from the wallet interface and head over to our buy.bitcoin.com purchasing page. The wallet has multiple languages and currencies that can be tailored in the settings section. The user interface also provides a range of fee settings to prioritize transactions, and excellent customer support.

Bitcoin.com: The Very Best When it Comes to Bitcoin Services and Related Content

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Send, receive, and store bitcoin in a secure non-custodial wallet. Bitcoin.com’s wallet puts you in control of your bitcoins.

We’re excited to offer a first class wallet client for all of our visitors here at Bitcoin.com, and we hope our readers give it a try. In addition to providing an easy to use and secure bitcoin wallet, our developers are in the midst of adding bitcoin cash (BCH) support as well. This means you will soon be able to send, receive, and store bitcoin cash in a quality non-custodial wallet.    

Our development team is also thankful to Bitpay for creating the open source Copay wallet that helped us produce our new suite of clients. Feel free to send us some feedback and tell us about your experience using our new wallet. We want to offer the very best when it comes to bitcoin services and related content, and we believe the new Bitcoin.com wallet is one more great features our website has to offer. Additionally, this is just the beginning as our Bitcoin-focused website is just getting started!

Check out our Mac & Windows desktop versions and our Chrome extension wallet here. Mobile releases for Apple’s iOS can be found here and our Android release can be downloaded here from Google Play.


Have you tried the new Bitcoin.com wallet yet? Let us know what you think in the comments below. We’d love to hear your feedback.

Read More Read More, Posted by: JoseRizl
New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoinsin exchange.

Read More Read More, Posted by: christianadesouza
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Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation.

So, how we can avoid those mistakes in our trading? How to be mostly on the green side? First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my own blood). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings

  1. Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). The whales are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.
  2. Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.Here again, it is important considering a number of factors when choosing a stop loss level correctly. Most traders fail when they fall in love with a trade or the coin itself. They may say, “Here it will turn around, and I will get out of this trade with a minimum loss, I’m sure”. They’re letting their ego take control of them and unlike the traditional stock exchange where extreme daily movements are considered 2-3% in value, Crypto trades are a lot more riskier: in my life as a trader I’ve seen a coin dumping by 80% just in a few hours! And nobody wants to be the one who is left holding it.
  3. Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.
    that bold green candle yells at you “you are the only one not holding me”. At exactly this point you will notice lame people flooding the Crypto forums and the exchanges’ Troll boxes to talk about this pump. But what do we do now? Very simple, Keep moving forward. True, it’s possible that many may have caught the rise ahead of us and it can continue raising, but bare in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought in cheaper prices. Prices are now high and it’s clear that the current coin holders only consist of those little fish. Needless to say, the next step is usually the bright red candle which sells through the whole order book.
  4. Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market (very high risk). To those trades we will assign greater tolerance – the stop and target levels will be chosen far from the buying level.
  5. The underlying asset creates volatile market conditions: Most Altcoins are traded according to the Bitcoin value.
    Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.
  6. Tips for trading Altcoins: Most Altcoins lose their value over time. They simply bleed their value away slowly (sometimes rapidly).
    Take this into account when holding Alts for the medium and long term, and of course choose them carefully. What kind of Alts are recommended for the long term? Remember, this is only when there is a reason for making a trade. The projects/coins that have a higher daily trading volume and which have a widespread community behind them, with continuous development, are here to stay with us:Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
  7. A word about public ICOs (crowd-sales): Many new projects choose to make a crowd-sale where they offer investors an early opportunity to buy a share of the project (tokens or coins) in what is meant to be a good price for the tokens.
    The motivation for the investors is that the token will be traded from day one on the exchanges and would yield a nice profit to the ICO participants. In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors. Coins doubled, or tripled, their value and much more in relation to their value on the crowd sale. Augur’s preliminary crowd-sale (we reported on it previously here) yielded investors a phenomenal 1,000% for their investment. Okay, but what’s the catch here? Not all the projects benefit their investors. Many ICOs proved to be complete scams, not only were they not being traded at all but some projects disappeared with the money and we have not heard from them right up to this day.So how do you know if you should invest in an ICO? It’s not about science, it is important to pay attention to the level of seriousness of the project and its team. Look for the project’s website (does it look like a child has built it during computer school?), Who is the team behind the project – Are they hiding behind nicknames or proudly present themselves on their website? Pay attention to the Bitcointalk thread (does it exist at all?) and how the team members respond to technical questions. Is there a large community behind the project? Expect to see a Slack gathering its community. Watch out the amount raised: A project which had raised too little will probably will not be able to develop over time, a project which had raised huge amount – there won’t be enough investors left out there to buy coins on exchanges. And most importantly is risk management. Never put all eggs in one basket and invest too much of your portfolio in one ICO.
  8. A final tip – practical steps to implement right away:
    • Fees, fees, fees: Multiple trade actions = More fees. It’s always advisable to post the command (maker) and not to buy from the order book (taker). In Poloniex exchange, the difference is 0.1% in favor of the maker. That’s quite a bit.


    • Traders with no pressure: Don’t start trading unless you have the optimal conditions to make the decision to start a trade and know when and how to get out of it. Pressure almost always creates losing trades. Wait for the next opportunity, you will get there.


    • Setting goals and placing sell orders: always set your goals by putting sell orders. You don’t know when a whale will pump your coin up to catch your command (and pay a reduced fee on the “maker” side, remember?).
      A successful strategy regarding this is placing very low buy orders. About a week ago a crazy dump occurred, selling off Augor coin down to 25% of its value! After a short while the market recovered slightly and anyone who had low buy these low orders could easily double or triple their investment. Placing buy orders requires special care, don’t wake up when you’re far away from the market to find your buy order is suddenly higher than the current market price!
    • Buy the rumor, sell the news. When major news sites publish articles it is usually exactly the right time to actually get out of the trade.
    • You have made a good trade, but as always, the moment you sold your coin runs up again! First, meet this guy – Murphy’s Law. Secondly, read over what was written previously here and never enter position again under pressure. As long as there is profit – you are ok. Go on to your next trade and don’t find yourself losing it.
    • Leave your ego aside. The goal here is not to be right on your trades, but to make a profit. Do not waste resources (time and money) to try to prove that you should’ve been entering that trade. Remember, there is no trader who never loses, at least sometimes. The equation is simple – get the total profits to be higher than the total losses.

    • What is short? long? how to leverage your trades? Follow here to our crypto margin trading for beginners

    • Follow our special article about five must have Crypto websites.

http://cryptopotato.com/8-must-read-tips...-altcoins/

Read More Read More, Posted by: taxidojak
[Image: IRS-Possesses-Software-Used-For-Discover...68x712.jpg]
According to a contract recently obtained by the Daily Beast, the IRS can now track bitcoin and other cryptocurrency addresses. They can do this to route out potential tax evaders. They purchased software from the blockchain analysis group Chainalysis


Also read: Nakamoto Institute Daniel Krawisz: “I Don’t Like Altcoins, but I Like Forks”
[img=150x0]https://news.bitcoin.com/wp-content/uploads/2017/08/IRS-150x150.jpg[/img]
The document details that “criminals” have used digital currencies to launder money, deal drugs, and commit other unlawful behavior. However, criminals have also been using digital currencies to ignore tax liabilities and evade responsibility. The Daily Beast article elaborated:
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The document highlights how law enforcement isn’t only concerned with criminals accumulating bitcoin from selling drugs or hacking targets, but also those who use the currency to hide wealth or avoid paying taxes.

Reason for IRS Crackdown; Tracking Bitcoiners

The reason the IRS is cracking down on digital currencies appears to be because only 802 people declared bitcoin profits or losses in 2015. The Daily Beast article suggests that many people may have not expected the IRS to collect on digital currencies. Others may have just thought they could easily sidestep this alleged obligation.

As a result of this failure to pay taxes, the IRS consulted with Chainalysis. They are now providing the IRS with tools to track bitcoin addresses through the blockchain and centralized exchanges. A Fortune article captured a screen shot of the letter:

[Image: screen-shot-from-the-letter-768x159.png]
The tool that Chainaylsis gave the IRS is called a refactor tool. It visualizes, tracks, and analysis transactions on the blockchain. Agencies from law enforcement, IRS, and banks will be able to use the tool, according to sources. To date, records show the IRS has paid Chainaylsis $88,700 since 2015 for its services.


Tax Evaders and “Criminals” are Adapting; Coinbase Case




Even though the IRS and companies such as Chainalysis are starting to hunt down blockchain users for evading taxes, enterprising individuals are adapting. They are now starting to use blockchains and cryptocurrencies that undermine current analytic techniques. For instance, the Wannacry hacker group supposedly moved their funds over into Monero to evade detection by law enforcement. Other crypto users may decide to use Zcash, which also employs more private and anonymous transaction measures.



In the past, the IRS has used multiple outlets to capture tax evaders using bitcoin. They have already tried to legally force Coinbase to hand over customer information. Currently, it looks like Coinbase may surrender customer data for those who exchanged over $20,000 worth of bitcoin on the platform. No telling what the court will rule in the end. News.Bitcoin.com covered the case in June:



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The IRS will no longer target a wide-range of Coinbase users via its information request, which it filed on Coinbase back in March. Instead, the agency made concessions to seek account data of individuals who transacted — meaning they bought, sold, sent, or received — $20,000 worth of bitcoin in any transaction type.


Do you think it is necessary for the IRS to track people’s bitcoin? Will the IRS succeed at catching everyone who evades taxes? Let us know what you think in the comments below.

Read More Read More, Posted by: JoseRizl
AMD’s new beta driver for Radeon graphics cards will boost the performance of crypto mining rigs.

[Image: AMDminer_ug1nTrm.width-800.jpg]

A few days ago, AMD released the “Radeon Software Crimson ReLive Edition Beta for Blockchain Compute” driver. According to the release notes on the tech giant’s website, the software optimizes the performance for “Blockchain Compute Workloads,” thereby boosting the efficiency of cryptocurrency mining rigs that are using a GPU for mining (eg., Ethereum mining rigs).
Currently, the graphics driver can be downloaded from AMD’s official website. The beta software supports desktop GPUs from AMD Radeon HD 7700, and it can be installed on 64-bit Windows 7 (Service Pack 1 or higher required) and 64-bit Windows 10 systems. AMD highlighted in the release notes that the graphics driver is not intended to boost users’ gaming performance. The company added that since this is a beta software, it will not be “supported with further updates, upgrades or bug fixes.”
AMD’s new beta driver is designed to fix an issue related to the DAG (directed acyclic graph) size. As the number of blocks in the Ethereum blockchain increases (taking roughly 14 seconds to generate a block), so does Ethereum’s epoch (a 100-hour window). For every epoch, or 30,000 blocks, a DAG is generated. As the DAG size grows, the memory requirements for mining Ethereum increase. Since the memory footprint of the workload is increasing, it will, at a certain time, overflow from the graphics card’s memory and will be stored in the main system memory. The main system memory is much slower than accessing the GPU’s VRAM. If a mining rig is slower to access the memory, it will result in performance penalties concerning the miners’ hashrate.
AMD’s new beta driver appears to have fixed the DAG issue. According to TechPowerUp, there is only a minimal difference between mining different DAG sizes with the beta software. Compared to the old driver, the AMD Radeon RX Vega 64 8GB (1546 MHz/945 MHz) experienced an 81 percent increase in the hashrate mining DAG 199.
The Reddit community has also confirmed that AMD’s new update is resulting in greater hashrates for their GPUs.
“My RX Vega went from 31 to 37Mh/s mining ETH only. Very nice improvement,” wrote a user named “Hot-Diggity-Daffodil.”
“Just got these new drivers installed on one of my 6 gpu rigs. MSI RX 580 8GBs confirmed back up to 29.5 from 27.5. Installing on other rigs now. Using BBT modded ROMs,” another user called “TheHansGruber” wrote in the /r/EtherMining subreddit.
AMD’s beta driver will boost the performance of Ethereum mining rigs for a while. However, if Ethereum evolves from proof of work to proof of stake, with a first step toward this model expected on November 1, GPUs will be less needed over time. At the instance of proof of stake, the mining is based on coin ownership rather than hash power.

GPU Mining is better anyway. Anyone looking into upgrading?

Read More Read More, Posted by: paxxi
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Blockchain-driven digital identity fraud firm Civic has partnered up with wikiHow to provide its user base with login security.
The partnership will mean that around 150 million monthly wikiHow users will now able to use Civic’s identity platform to log in securely with a verified identity, without needing a username and password.
Vinny Lingham, CEO of Civic, said in a statement: “We are pleased to officially welcome wikiHow to Civic’s Partner Network. This collaboration illustrates our continuing, strong momentum in building our ecosystem for on-demand, secure and low-cost access to identity verification services.”
Civic says it will help improve wikiHow’s user experience, providing users with a more secure account creation and login process.
WikiHow is an open source online “how-to” platform that operates in 87 different languages. Its focus is on “teaching anyone in the world how to do anything” in a collaborative, shared-learning environment.
The advantage for wikiHow in this collaboration with Civic is that it can now verify that user accounts are created using true identities and it won’t have to deal with security hassles associated with weak passwords and password resets. All user data is encrypted in the Civic app on the user’s device and never stored by Civic or wikiHow.
"Working with Civic, wikiHow provides greater trust and security to its users," Lingham told Bitcoin Magazine. "With the Secure Identity Platform, Civic helps ensure all wikiHow accounts are created by the true owner of the identity data — which ultimately ensures that wikiHow's how-tos are created and edited by verified users."
"wikiHow is partnering with Civic because we believe in their long-term goal of decentralized identity," said Jack Herrick, CEO of wikiHow in a statement. "We hope to live in a future where people, not corporations, control their own personal information."
In an earlier interview with Bitcoin Magazine, Lingham talked about the problem of distributed mobile identity. “This is what we are focusing on now,” he said, “to build the world’s largest identity platform, powered by technology that decentralizes and secures consumer identity information.”
In June Civic sold $33 million in ICO tokens. Civic tokens provided access to the product while allowing token holders to benefit from its network effect.
The company also received $2.75 million in funding via Social Leverage, an early-stage seed investment fund, as well as through various VC firms that are engaged in Bitcoin and blockchain technology, including Pantera Capital, Blockchain Capital and Digital Currency Group.
Lingham is a vocal advocate for Bitcoin and the blockchain movement both in the media and at industry events. He was a leading pioneer in the effort to integrate bitcoin payments at Gyft during his tenure there.
He believes that blockchains are likely the most secure place to store information right now, which is why Civic is constantly assessing opportunities to leverage and capitalize on the emerging technology.


This is big for Civic! I like their idea :)

Read More Read More, Posted by: paxxi
[Image: Politician-Accepts-Bitcoin-Donations-for...68x764.jpg]
A congressional candidate announced he will be accepting bitcoin donations for his campaign. The politician is Patrick Nelson. He will be running for New York’s 21st Congressional District. Nelson made comments that he will be accepting the donations via Bitpay. 


Also read: Reward-based Social Media Platform Yours Switches from Litecoin to Bitcoin Cash

The candidate is a Bernie Sanders supporter. He is also a former staff member in the New York Legislature. He is advocating a progressive reform campaign for the coming 2018 election cycle. A Timesunion article elaborated:
“He proposes ending federal subsidies for fossil fuels in order to inject the savings into other parts of the budget. He wants more of a focus on solar energy generation and microgrids.”
BitPay Bitcoin Donations for the Campaign

Nelson chose to receive donations in bitcoin for his campaign. He opted to use Bitpay for the transactions. Nelson apparently accepted bitcoin donations for a previous campaign. He ran for a seat on the Stillwater Town Council in 2015, but ultimately failed. Nelson commented on his campaign and desire to accept bitcoin:

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Our goal in this campaign has been and continues to be bringing 21st Century policies to the 21st District. That means we embrace innovation and new technologies like the blockchain and bitcoin.
Quote:We're a 21st Century campaign and as such we embrace new technologies like #bitcoin @BitPay@aplusk #NY21 #21for21 #grassroots #NotmeUS https://t.co/gpHvf7rQbn
— Patrick Nelson (@PatFNelson) August 22, 2017

Government Allows Politicians to Accept Bitcoin Donations

It is interesting that politicians like Nelson accept bitcoin, because government made it lawful for them to accept it. The US Federal Elections Commission (FEC) gave approval for political candidates to accept bitcoin back in 2014. According to the rules, this is a kind of “in-kind” donation, and each donor has a $100 cap on what they can provide. Once the candidate accepts it, they have 10 days to sale the bitcoin and place the returns into their campaign fund. An official document went into more detail:
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“The Commission further concludes that the requestor may purchase bitcoins with funds from its campaign depository for investment purposes but may not make disbursements using those purchased bitcoins because Commission regulations require the committee’s funds to be returned to a campaign depository before they are used to make disbursements…Within 10 days of receipt of a contribution, a treasurer may return the contribution to the contributor without having deposited it; otherwise, a treasurer must deposit the contribution into a campaign depository.”
Nelson is not the first candidate to accept bitcoin donations either. Candidates accepting bitcoin was originally popularized by Rand Paul. He initiated taking cryptocurrency donations during the 2016 presidential campaign.

What do you think about political candidates accepting bitcoin? Will more politicians begin to accept it? Let us know in the comments below.

Read More Read More, Posted by: JoseRizl

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