Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




Angry Angry Angry  NICE ICO!
Hi there,
I introduce to you Internxt. The project Internxt is trying to build a decentralized cloud infrastructure, which will help shape a more secure, private and efficient internet. We strive to enable the creation of distributed apps, websites and files. Our platform will also aim to have a seamless user experience and pricing, to make sure that superior decentralized technology is used by the masses. We've just released our Bounty Program, and here are the details!


300INXT = 1ETH

Reddit - 90,000INXT to distribute
- Post a topic on reddit: 1 stake
- Post a topic on reddit and get 10 upvotes: 10 stakes
- Post a topic on reddit and get 50 upvotes: 100 stakes

Twitter - 90,000INXT to distribute
- Follow us on Twitter: 2 stakes
- RT one of our tweets: 2 stakes
- Like one of our tweets: 2 stakes
- Tweet about us using #NewInternet: 10 stakes
- Tweet about us from an account with more than 5k followers: 100 stakes
- Tweet about us from an account with more than 50k followers: 1,000 stakes
Your Twitter account must get at least an 80% score on twitteraudit.com

Forum - 120,000INXT to distribute
- Comment on someone's thread about us: 5 stakes
- Write a thread about us: 10 stakes
- Write a thread about us and get more than 5 comments: 50 stakes
- Write a thread about us and get more than 10 comments: 100 stakes
- Put us on your signature if your user has less than 300 posts: 100 stakes
- Put us on your signature if your user has more than 300 posts: 500 stakes

Youtube - 120,000INXT to distribute
- Talk about us on a video from your channel: 3 stakes
- Create and publish a video about us on your channel: 10 stakes
- Talk about us on a video from your channel with more than 1,000 subs: 30 stakes
- Create and publish a video about us on your channel with more than 1,000 subs: 100 stakes
- Talk about us on a video from your channel with more than 10,000 subs: 300 stakes
- Create and publish a video about us on your channel with more than 10,000 subs: 1,000 stakes

Article - 350,000INXT to distribute
- Write an article about us on a site with +500k alexa rank: 1 stake
- Write an article about us on a site with +300k alexa rank: 10 stakes
- Write an article about us on a site with +100k alexa rank: 100 stakes
- Write an article about us on a site with +10k alexa rank: 1,000 stakes

You must keep your Article, Twitter Follow, Forum Signature etc at least until September 28th when the ICO is over. When you Add us to your Signature, Write an Article about us, Tweet about us etc please include our URL and be creative Smiley There are no pre-made signatures, tweets etc. There are no limits on the amount of times you can perform an entry. The more you do it, the more stakes we'll contabilize for you.
Participate in: https://internxt.io/
Whitepaper:  https://goo.gl/1ruFpb

We'll be holding an ICO on September the 7th and our whitepaper is already out! Feel free to check us out and ask any questions that you might have!!

For further information contact the CEO on:
https://bitcointalk.org/index.php?topic=2075258.0;

Read More Read More, Posted by: khajimcom
[Image: Shapeshift-Acquires-Keepkey-With-a-Focus...curity.png]
On August 16 the Switzerland-based digital asset exchange, Shapeshift AG, has announced the firm has acquired the cryptocurrency hardware wallet manufacturer Keepkey.   


Also read: Goldman Sachs Technical Analyst Predicts Bitcoin’s ‘Top’ Is $4800

Shapeshift AG Acquires the Cryptocurrency Hardware Wallet Company Keepkey

[img=240x0]https://news.bitcoin.com/wp-content/uploads/2017/08/Bitcoinist-SSLogo-300x225.png[/img]This week the Seattle-based startup and digital asset hardware wallet creators, Keepkey, were acquired in an “all cash deal” by the multi-currency trading platform Shapeshift. Last year the hardware wallet company announced Shapeshift integration, which allowed Keepkey users to exchange cryptocurrencies without exposing their private keys online. Shapeshift says trading these assets directly over the ShapeShift API from the device’s interface, allows the company to focus on ease of use and security at the same time.
“Security is of critical importance when it comes to holding and trading digital assets,” explained Erik Voorhees, CEO of Shapeshift. “One of our priorities has always been to make the exchange experience as safe and easy for users as possible, and our pairing with KeepKey enables us to provide an unmatched customer experience.”
Quote:
Quote:
Users can hold their coins on the hardware device and exchange them on demand within the wallet, without even visiting a website. When you pair the KeepKey hardware wallet with ShapeShift’s exchange, the experience is magical.
[Image: KeepKey-696x348.jpg]
“We see a future in which keys are kept on hardware, and non-custodial exchange occurs directly from the hardware,” explains Erik Voorhees.

A Non-Custodial Exchange Paired With Hardware Wallet Security

Shapeshift has made a name for itself over the years by integrating its API with nearly 50 blockchain companies, and wallet providers. Keepkey is the first hardware device to offer Shapeshift trading from within the user interface. The Swiss-based company says they will continue Keepkey distribution and aim to provide “the most secure storage wallet available with native support for trading all leading digital assets.”
Voorhees explains that the Keepkey brand and product line will remain the same, and expects the device to do well for the company as hardware wallets are currently in high demand. “Amid heightened interest in the concept of digital currencies, a simple, user-friendly cold storage wallet with native exchange functionality is one key to wider adoption,” said Voorhees.
Shapeshift thinks consumers will appreciate the tethered partnership between Shapeshift’s trustless exchange and hardware wallet security.
“With Shapeshift, users don’t need to leave funds on an exchange. With KeepKey, users don’t need to leave funds on any computer whatsoever. We see a future in which keys are kept on hardware, and non-custodial exchange occurs directly from the hardware,” Voorhees added.

What do you think about Shapeshift’s acquisition of Keepkey? Let us know your thoughts in the comments below.

Read More Read More, Posted by: JoseRizl
The practice has become so popular in Russia that computer stores have run out of graphic cards being bought and used by cryptocurrency miners

'MINING' COMPUTERS. Russia's crypto-businessman Dmitry Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow, July 26, 2017. Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call 'mining.' Photo by Maxim Zmeyev/AFP

MOSCOW, Russia – Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

"The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on internet matters.

Marinichev is one of Russia's leading crypto-businessmen at the helm of operations in this facility larger than a football pitch located in a former Soviet-era car factory, which collects virtual money on the accounts of its clients.

Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call "mining".

Mining farms like this represent a growing craze in Russia for bitcoin and other virtual currencies not backed by governments or central banks that are increasingly used for goods and services on the internet.

The hunt for virtual currencies is accessible "to anyone who may be hardly familiar with computer science," Marinichev said. "It's no more complicated than buying a cellphone and connecting to a mobile network."

The practice has become so popular in Russia that computer stores in the country have run out of graphic and video cards developed for gamers but are used by bitcoin miners to boost the processing power of their home computers.

Marinichev this week unveiled a more sophisticated setup, inviting investors to pitch in $100 million to join a mining club and develop a Russian mining chip called Multiclet through his startup.

Benefit of long winters

"The explosion of virtual currency value has made mining profitable enough to make it a professional activity," said Sergei, a 29-year-old computer scientist who runs half a dozen graphics cards plugged into the electrical grid of the company where he works.

'MINING' COMPUTERS. Russia's crypto-businessman Dmitry Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow, July 26, 2017. Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call 'mining.' Photo by Maxim Zmeyev/AFP

MOSCOW, Russia – Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

"The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on internet matters.

Marinichev is one of Russia's leading crypto-businessmen at the helm of operations in this facility larger than a football pitch located in a former Soviet-era car factory, which collects virtual money on the accounts of its clients.

Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call "mining".

Mining farms like this represent a growing craze in Russia for bitcoin and other virtual currencies not backed by governments or central banks that are increasingly used for goods and services on the internet.

The hunt for virtual currencies is accessible "to anyone who may be hardly familiar with computer science," Marinichev said. "It's no more complicated than buying a cellphone and connecting to a mobile network."

The practice has become so popular in Russia that computer stores in the country have run out of graphic and video cards developed for gamers but are used by bitcoin miners to boost the processing power of their home computers.

Marinichev this week unveiled a more sophisticated setup, inviting investors to pitch in $100 million to join a mining club and develop a Russian mining chip called Multiclet through his startup.

Benefit of long winters

"The explosion of virtual currency value has made mining profitable enough to make it a professional activity," said Sergei, a 29-year-old computer scientist who runs half a dozen graphics cards plugged into the electrical grid of the company where he works.



Sent from my ASUS_Z00LD using Tapatalk

Read More Read More, Posted by: sanuk
It is confirmed that Ripple is planning to set up the operations in China, but will do it itself without any help of local business. I think that Stellar  should surpass Ripple, arguably  via support of  the big name, say Alibaba.



What is your view on all of this?

Read More Read More, Posted by: fractal
[Image: Search-Volumes-for-Bitcoin-and-Ethereum-...8x1068.png]
The volume of Google searches for bitcoin and ethereum appear to be inversely correlated during August – with bitcoin queries generating new all time highs whilst ethereum searches have declined. This search data reflects overall market trends, with bitcoin comprising an increasingly dominant share of all cryptocurrency market capitalizations.


Also Read: Russia Discusses Starting Cryptocurrency Mining With Its 20 Gigawatt Surplus

Google Searches for Bitcoin Are Making New Highs
[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/08/shutterstock_517507306-300x169.jpg[/img]
Google searches for the term ‘bitcoin’ have reached all time highs this month. The influx of searches coincides with a decline in queries for ‘ethereum’, reversing months of relative correlation between searches for both bitcoin and ethereum. Fluctuations in the volume of search queries for ‘bitcoin’ and related terms are viewed by many traders as a barometer of market sentiment from outside of seasoned cryptocurrency market participants.
In addition to bitcoin’s continual establishment of new all time price highs, many are attributing the influx of search volume to the recent resolution of bitcoin’s scaling debate, and alleviation of fears pertaining to a hard fork. The soft fork comprised the resolution of bitcoin’s most significant fundamental uncertainty, reaffirming its status as the leading cryptocurrency project.

Searches for Ethereum Appear to Be Inversely Correlated With Bitcoin
[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/08/shutterstock_662119657-300x222.jpg[/img]
The decline in searches for ‘ethereum’ has likely been a consequence of several factors – including bitcoin’s domination of cryptocurrency-related media coverage, recent hacks sustained by the ethereum network serving to deter the interest of individuals outside of the cryptocurrency sphere, and the failure of the highly anticipated ‘flippening’ event (Ethereum overtaking Bitcoin in market cap). The decline in search volume also comes following several months of record breaking search volume, rendering the likelihood of an impending reduction in search traffic very high.
The inverse correlation regarding ‘bitcoin’ and ‘ethereum’ search traffic appears to be occurring in unison with a resurgence in the total share of all cryptocurrency market capitalization that is attributed to bitcoin, with come analysts inferring that the spike in search volume merely comprises an accurate reflection of changing market dynamics.

Do you think that Google search trends can comprise an accurate representation of dynamics within the bitcoin and ethereum markets? Share your thoughts in the comments section below!

Read More Read More, Posted by: JoseRizl
Novadays the room for CPU mining is almost vanished. Recently launched Minexcoin gives your CPU a chance

https://bitcointalk.org/index.php?topic=...sg20893939

Read More Read More, Posted by: fractal
[Image: Untitled-design2-1068x1068.jpg]
Xmr.to claims to facilitate fully anonymous bitcoin transactions. The websites receives monero (XMR) from users, and in return sends a corresponding quantity of bitcoin on behalf of the user, obscuring the origin of the payment.
Also Read: Hackers Use NSA Exploit to Mine Monero Using Victims’ Computers
Xmr.to purports to offer total anonymity by obscuring the path taken
[Image: shutterstock_687381286-300x207.jpg]
Xmr.to claims to allow its users to send fully anonymous bitcoin transactions by using its service. The company will send payment on behalf of a user in exchange for monero – an altcoin that claims to offer privacy capabilities that are superior to bitcoin’s pseudonymous ledger.
Xmr.to purports to offer total anonymity by obscuring the path taken by funds in between destination and origin, as well as the medium of exchange employed. The company claims that the record between the sender and xmr.to is untraceable owing to monero’s protocol, and that there is no record associating the sender with the recipient of a transaction created during a transfer. Said anonymity would, however, appear to be exclusively enjoyed by the sender and not the recipient of a transaction, as the recipient will have a pseudonymous record of the transaction sent from an xmr.to wallet recorded on the bitcoin blockchain.
The Decision to Receive Payment in Monero May Be Largely Motivated by the Self-Interest of Xmr.to
[Image: shutterstock_593193671-300x300.jpg]
The decision to receive payment in monero may be largely motivated by the self-interest of xmr.to. With the company’s operations comprising that of a basic bitcoin ‘tumbler’, the choice to accept xmr has likely been made in order to protect the anonymity of xmr.to.
Information surrounding the origin xmr.to is extremely scant, which is unsurprising given that the company’s business model circumvents the traditional money transmitting industry and regulations. New users of cryptocurrency seeking to utilize the privacy benefits of virtual currencies are advised to exercise due diligence and conduct independent research regarding the different cryptocurrencies and services available to them, and should strive to be able to manage one’s virtual currencies independently, and without reliance on third parties.
Do you think that xmr.to’s purported fully anonymous bitcoin transactions offer unique privacy benefits when compared with conventional bitcoin transfers? Share your thoughts in the comments section below!

Read More Read More, Posted by: JoseRizl
[Image: Gold-Vs-Bitcoin-696x348.png]

In recent months, major financial institutions have warmed to Bitcoin, increasing coverage and providing increasingly positive information. In their latest report, Bank Of America revealed that the trading volume of Bitcoin has surpassed that of GLD, the biggest gold ETF in the market.

Digital Currency Group founder and CEO Barry Silbert tweeted in May 2016 that the total amount of gold in circulation was over $7 trillion.

Since then, bitcoin has exponentially grown, with the market cap rising from $8 billion to $42.6 billion in just over a year. Analysts have attributed the rising price of bitcoin to the increase in demand from casual and institutional investors, legalization of the digital currency by various countries including the U.S.A, South Korea, the Philippines, Japan and Australia, as well as an increase in mainstream adoption.

In response to the increasing price, Sheba Jafari, the head of technical strategy at Goldman Sachs, provided some technical analysis predicting that the price could reach $3,915 in the upcoming months and sustain an upward momentum. 

While Bank of America and its analysts were reluctant to predict the short term price of bitcoin in their report, they noted that the daily trading volume of has surpassed that of GLD: 

“It is hard to ignore that trading volumes for major digital currencies like bitcoin and ethereum have skyrocketed in recent years. For example, daily trading volumes for bitcoin were $400 million in 2012 and have now moved up to about $2 billion a day at present,”
Prior to the major correction that occurred last month, the combined market cap of cryptocurrencies in circulation surpassed 115$ billion. Furthermore, the daily trading volume of the market hit a high of $5.2 billion on the 13th of June as the demand for bitcoin and ethereum skyrocketed.

[Image: 1-1024x425.png]
A chart provided by BoA and published by Zerohedge further revealed that the trading volume of GLD, the largest gold ETF, was significantly higher than that of bitcoin less than 8 months ago, maintaining a relatively high volume of daily trading throughout January 2014 to December 2016. However, during December of 2016, the trading volume of bitcoin took over that of GLD, as the demand towards gold decreased but interest in bitcoin surged.

[Image: 2.jpg]

Additionally, the report from BoA emphasized the expansion of the cryptocurrency market in general, citing the growth rate of Ethereum and other public blockchain networks.

“Meanwhile, ethereum had daily trading volumes of $1.5mn when it first launched in 2015 and it is now experiencing daily trading of about $1bn. Most importantly, for a digital token to become a currency, it must build to a certain scale, a bit like the silver mine in Bolivia found by the Spanish. In some ways, this is exactly what has been happening in recent quarters, with the total market value of digital tokens growing exponentially from $1.5bn to around $87bn at present,” 


sourch

Read More Read More, Posted by: taxidojak
[Image: 170616141515-amazon-whole-foods-jeff-bez...24x576.jpg]
Germany's Aldi is stepping up the fight for a share of the U.S. grocery market with a new express delivery service.

Aldi, which already operates nearly 1,700 stores in America, said it is partnering with San Francisco's Instacart to deliver groceries in Los Angeles, Atlanta and Dallas. It's promising to fulfill online orders in as little as an hour.
In a statement Monday, Aldi said it could expand the service in the future.
The pilot program is the latest move by Aldi to grow in the U.S. The company is the 11th largest supermarket chain in the U.S. based on sales, according to market research firm Euromonitor.
The German company said in June it would invest billions of dollars to open about 500 new stores in the U.S. over the next five years. The goal is to become the third largest grocery chain in the country.
Aldi, which markets a range of in-house brands in nearly 20 countries around the world, is the leading grocery discounter in the U.S., according to Euromonitor.
Amazon (AMZNTech30) has its own ambitious plans to grow in the $1 trillion grocery market.

In June, it announced a blockbuster deal to buy Whole Foods (WFM) for $13.7 billion. Whole Foods is the eighth largest grocery chain in the U.S. by sales, according to Euromonitor.
Amazon already has its own delivery service, AmazonFresh, and is experimenting with a "click and collect" model where customers buy groceries online, then pick them up in person.
On Tuesday, Amazon also announced a new service called Instant Pickup, which lets customers order from a limited list of basic supplies from the app, then pick them up from a nearby pickup locker "within two minutes."
It's rolling out the services to nearly two dozen U.S. college campuses in the coming few days.

Grocery chains in the U.S. are increasingly experimenting with delivery services as customers become more comfortable with ordering their food online.
"Grocery products have been the last categories to move online but the race is on to crack this market," said Michelle Grant, head of retailing at Euromonitor International.
Grant said she expects online sales of food and drink will increase by about 60% in the U.S. over the next five years.

sourch

Read More Read More, Posted by: taxidojak
[Image: 170815100658-uber-suspended-screen-phili...80x439.jpg]

On Monday, Philippine authorities ordered the ride-hailing company to stop operations for a month. The company initially obeyed the order and suspended its service early Tuesday.

Hours later, it was back online after Uber filed an appeal with the Philippines Land Transportation Franchising and Regulatory Board.
But the return was short lived: the agency rejected the appeal late Tuesday. Uber said it was disappointed but it complied with the order and stopped offering rides again.

"We look forward to urgently resolving this matter," it said in a statement.

It's the latest headache for Uber, which has a reputation for bulldozing through regulations around the world. The company has been beset by an avalanche of challenges over the past year, culminating in the resignation of CEO and co-founder Travis Kalanick in June.

Uber's suspension in the Philippines prompted messages of frustration from many people on social media, who said the app was better than other transportation options available in Manila, the country's sprawling capital.
"Over the course of this morning, tens of thousands of riders were left stranded, causing needless inconvenience, while drivers were unable to access the earning opportunities they rely on," Uber said after the initial suspension

The transportation agency said Uber should offer financial assistance to its drivers as an act of "good faith." It blamed "the current predicament" on Uber's "predatory actions."

Uber ran into trouble in the Philippines for continuing to bring on new drivers after the agency suspended its accreditation process last summer, pending a review of the regulations.


Last month, Uber and local rival Grab were each fined and ordered to stop accepting and activating new drivers. The regulator said that while Grab respected the order, Uber continued to ignore it, resulting in the suspension.

Uber has said it continued to accept new applications but didn't process them.


sourch

Read More Read More, Posted by: taxidojak
[Image: 1500x500]

TL;DR Don't have time to read the details? 
Watch our short promo videos.

Bitcoin and mainly all other crypto-currencies were originally designed to replace the fiat currencies. And one of the most widely used affirmations on crypto-coin forums back there was "Soon you will be able to buy a morning coffee with cryptos."

Today we are making it happen.

With GFT you will be able to pay for coffee, dessert or lunch — anything you like.
No hassle. No commissions. From your smartphone. In seconds.




NEW AGE OF E-GIFT CARDS

GFT Network is a platform for e-gift cards built on the Stellar ledger. We offer comprehensive SAAS solutions and worldwide payment settlement for B2B and B2C business with unique conditions: no setup fees, commission-free, zero ownership cost. 

Read more about our platform and services.



DIGITAL GOLD STANDARD

GFT token is an asset for e-gift cards issued by GFT Treasury, which guarantees its value. Tokens will be fully backed by USD on the corporate bank account to maintain a 1GFT=1USD exchange rate. 

Read more about GFT and Treasury concept.




WE DON'T SELL A DREAM, ONLY SOLID TECH

It's not an ICO project. The platform, web services, API and SDKs have been thoroughly tested, documented and are ready to use. GFT is not a next "super featured generic blockchain." It was designed to meet the requirements of the gift cards industry.





2THE.PUB SERVICE

"E-gift cards for meals and drinks all over the world"

2THE.PUB is an international platform that allows to send a gift card for drinks and meals (any position from the menu), and lets the recipient use it at any restaurant / cafe / bar connected to 2THE.PUB network. Any person can treat a friend to a glass of wine, a cup of coffee or a delicious lunch, regardless of whether they are in another part of the city or thousands of miles away.

Try it yourself, visit 2THE.PUB




What so special about e-gift cards?
Learn more about our platform and services on the GFT Network website
Participate in the promotional token presale.
Please feel free to ask any questions here or join our community forum.


Read more:

Read More Read More, Posted by: GFT Network
please help me with the secure and affordable site to buy I buy $5 bitcoin

thanks

Read More Read More, Posted by: abaye
Halo gan Wink

Bagi kalian yang suka panic sell/terpancing gara-gara ada yang kompori di chat room mau dimanapun kayak hitbtc,vip,minergate
harus tetap pada prinsip.
Jangan Terpancing karena kalian sendiri lah yang rugi terutama, efeknya juga mempengaruhi naik turun harga market 
Cool 
Disisi lain, Altcoin juga mainnya penuh resiko jika ingin untung, karena profit bergantung pada harga naik dan turunnya market
So guys, stay cool and kill your enemy

Jangan Terpancing Intinya
Shy

Read More Read More, Posted by: posat001
[Image: Game-of-Thrones-poster-450x300.jpg]

Last week, CCN reported that hackers had blackmailed HBO for bitcoin, as they threatened to release 1.5 TB of company data, including episodes of the hit series Game of Thrones. The hackers, going by “Mr. Smith” demanded “6 months worth of salary”, or about $6 million according to their own claims.


At the time, the hackers released about 3-4 GB of data to prove they actually hacked HBO. The data included network administrator passwords, emails, and other sensitive data. HBO recognized that “proprietary information” had been stolen, and added that it was investigating the case along with security experts and police.

Now according to a leaked email from an IT employee that various news outlets had access to, it has been revealed that the network offered the hackers $250,000 in exchange for a one-week deadline extension on the ransom. The payment was offered as a “bug bounty” payment, a type of payment companies usually offer hackers that reveal exploits without taking advantage of them.
In the email sent by an HBO senior vice president, the network claims to be working hard to review all stolen material, and that it hasn’t yet been able to do so. As such, in the “spirit of professional cooperation”, HBO asked for a one-week deadline extension, and as a sign of good faith it would hand over $250,000. The email reads:
Quote:“As a show of good faith on our side, we are willing to commit to making a bug bounty payment of $250,000 to you as soon as we can establish the necessary account and acquire bitcoin.”


According to reports, a source close to the investigation stated that the email was a stall tactic, and that HBO didn’t really plan on handing over $250,000.


The hackers had previously claimed to make between $12 million to $15 million per year blackmailing organizations whose networks they managed to compromise. HBO was allegedly their 17th victim, and only three refused to pay so far.
According to the Hollywood Reporter, only one hack victim actually paid for the ransom demanded by hackers. Companies that pay hackers bitcoin ransoms usually don’t reveal they were even hacked, as they fear an admission will make them a target for future attacks.

Notably, HBO said the $250,000 were a bug bounty payment. These aren’t uncommon and, in fact, companies are more than willing to pay hackers who discover bugs in their networks and help fix them. Major tech companies including Google and Facebook have bug bounty programs in place.

source

Read More Read More, Posted by: taxidojak

.png   Screenshot_1.png (Size: 91.28 KB / Downloads: 140)

Bitcoin dominates over other digital currencies today, but the data suggests its market share will drop significantly in the next few years.

When it comes to the future of money, there is a growing consensus that cryptocurrencies are set to play a major role. One cryptocurrency, in particular, has entered the public lexicon as the go-to digital asset: Bitcoin.





But the cryptocurrency market is significantly more complex than the public lexicon might suggest. And while there have been plenty of studies examining the role and future of Bitcoin, there have been few that explore the broader cryptocurrency market and how it is evolving.

Today that changes thanks to the work of Abeer ElBahrawy at City University in London and a few pals who have examined the cryptocurrency market as a whole and say that it is significantly more complex and mature than many had thought. The evolution of this market even bears a remarkable similarity to the evolution of ecosystems in many other areas, providing some insight into the way the cryptocurrency market might change in the future.

[Image: cryptocurrency.jpg?sw=600&cx=0&cy=8&cw=815&ch=458]





First some background. The big challenge with digital currency is to prevent unauthorized copying. Cryptocurrencies use two mechanisms to prevent this. The first is to publish every transaction in a public record and to store numerous copies of this ledger online in a way that allows them all to be automatically compared and updated. This prevents double spending—using the same bitcoin to buy two different things.

The second mechanism is to protect the ledger cryptographically. Every update collects together a range of new transactions and adds them to the existing ledger. But to do this, the earlier version of the ledger is first frozen and encrypted.

The new version of the ledger—called a block—includes the encrypted copy of the earlier ledger. Anybody can use this encrypted data to generate a number that can be used to check the veracity of the block. However, it is extremely hard to generate this number computationally in an attempt to game the system. It is this feature—that the blocks are easy to check but extremely hard to copy—that secures the system.

Of course, as the ledger continues to be updated, new blocks must be created, piggybacking on the old ones and creating an unbroken chain of blocks. Hence, the term blockchain technology.

Bitcoin is by far the most famous of these cryptocurrencies. It is also among the oldest, having first emerged in 2009. But it is by no means the only cryptocurrency. So an interesting question is how the cryptocurrency market is evolving.

To find out, ElBahrawy and co analyzed the behavior of 1,500 cryptocurrencies that have emerged since 2013 and say that some 600 of them are actively traded today. They say this market has recently entered a period of exponential growth and is currently worth $54 billion. (By comparison, the total amount of money in the world is about $60 trillion.) 

But while this cryptocurrency market is growing rapidly, ElBahrawy and co show that certain aspects of it are stable. For example, the number of active cryptocurrencies has remained about the same since 2013 as has the market share distribution, which follows a well-known power law.

The team also shows how this distribution can be reproduced using a standard model of evolution in which they plug in figures for the rate at which currencies emerge and die away.

This power law distribution occurs in a wide range of systems. For example, the same law describes the size of religions, of languages and even of wars (by number of deaths). In none of these systems is there are any favored religion or language or war. But all things being equal, they all form this type of distribution.

The fact that size distribution of cryptocurrencies follows the same law is significant. It implies that as far as the market is concerned, all currencies are essentially the same. “The fit with the data shows that there is no detectable population-level consensus on what is the ‘best’ currency or that different currencies are advantageous for different uses,” say ElBahrawy and co.

Whether that is true is up for debate. Various critics have pointed out a number of technical limitations associated with Bitcoin, and this has inspired a new generation of cryptocurrencies, such as Ethereum. Whether this will influence the market remains to be seen.

While this exponential growth is ongoing, Bitcoin’s market share is falling. The top five biggest currencies—Ethereum, Ripple, Litecoin, Dash, and Monero—now account for 20 percent of the market. And the trend for Bitcoin is clear. “This would predict Bitcoin market share to fluctuate around 50 percent by 2025,” say the team.

Another factor in the market is that cryptocurrencies aren’t used only as currency. Bitcoin is also widely used for speculation and can also be used for nonmonetary uses such as timestamping.

For many of these applications there is a clear benefit to having a single currency that everyone agrees on. “While the use of cryptocurrencies as speculative assets should promote diversification, their adoption as payment method (i.e., the conventional use of a shared medium of payment) should incentivize a winner-take-all regime,” say Bickell and co.

But experience with other ecosystems suggest that this is by no means certain to happen. For example, a single computer operating system has never been able to outcompete all others, regardless of the ruthlessness of its deployment. Neither has any human language or religion or fashion wiped out all others.  
That’s not to say it can’t happen. But unless there is significant external manipulation of this market, the likelihood is that there will be significant diversity in the cryptocurrency market for the foreseeable future.

Sourch https://www.technologyreview.com/s/60794...nentially/

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