Bitcoin/bitcoinnewsboards

Bitcoin Recovers as market hits $7 billion!

The Bitcoin price spiked from $3830 to $4030 by around 5 percent the sudden increase in the price of BTC led to the other major crypto assets to spike in value. Ripple, Bitcoin Cash, Litecoin, EOS and Stellar recorded gains in the range of 3 to 12 percent on the day, demonstrating solid momentum over the last 24 hours. 

With a $7 billion increase in the combined value of cryptocurrencies, the market has initiated a decent short term price movement. But, as the ccryptocurrency trader with an online alias said, the valuation of cryptocurrencies would have to break out of the major resistance levels in the range of $160 billion to $180 billion to call for a convincing short term rally.

For three months, the market has hovered between $100 and $140 billion. As seen in the yearly chart below, short term volatility in a low range doesn’t present a proper accumulation period. Many traders anticipate an increase in market capitalization to $180 billion as a potential catalyst for a mid-term rally. Even a recovery to $200 to $250 billion range could still leave the market vulnerable to a future additional drop in value. There exists several catalysts in the likes of the schedules launch of Bakkt, the US SEC’s decision on the VanEck BTC exchange traded fund (ETF) filing, and the development of Nasdaq’s BTC futures market that may contribute to a potential rally of cryptocurrencies in the 1st quarter of 2019.

However, the probability of the three events materializing within the next two months is slim. Bakkt is already delayed the launch of its futures market. Hester, a pro-crypto commissioner, said the investors should not wait on the approval of the ETF as it could be days or years.

The Estonia based exchange is making headlines as it gears up for its imminent launch on January 7th. Also on day one, the platform plans to offer tokenized stocks backed by real shares of 10 of the biggest companies on the Nasdaq: Apple, Amazon, Facebook, Tesla etc. The digital stocks will be based on the actual shares held by MPS MarketPlace Securities and holders will be entitled to the same cash dividends. Traders will be able to buy and sell the digital stocks 24 hours a day, 7 days a week, sidestepping the traditional open and closed nature of the stock market. The platform will give foreign investors a new way to enter the US market. The exchange will launch will zero trading fees and says 500,000 people have pre-registered to start trading when it goes live.

Summary: Challenges Ahead for crypto!

The market need more than a short-term rebound. While positive it doesn’t have to alter the ongoing trend. Cryptocurrency needs to reach its November levels. That’s $230 billion in valuation and around $6000 for Bitcoin. Until then, it’s a unique challenge to declare a trend reversal or an end to the bear market.

For further information:                                                                                    

  • https://dailyhodl.com/2019/01/06/revealed-bitcoin-ethereum-xrp-litecoin-and-cardano-coming-crypto-and-wall-street-game-changer-dx-exchange/
  • https://www.ccn.com/crypto-market-adds-unconvincingly-adds-7-billion-bitcoin-recovers/

Iran backs national cryptocurrency!

Iran and its state owned cryptocurrency have been in a discussion and is likely to launch a national cryptocurrency backed up fiat currency, Rial. As soon as the Central Bank of Iran (CBI) approves its application, this national cryptocurrency will be issued to Fintech organisations for testing purposes. The new name of the cryptocurrency is not yet revealed.

The Central Bank of Iran has decided to launch the country’s own cryptocurrency along with the support of NCC and decided to list out the attributes. It appears to have similarity to the shadowy bitcoin, because transaction will occur via the Blockchain or distributed ledger technology, which stores information about all transactions across a user network. “The infrastructure is supposed to be an ecosystem for the Iranian banks.”

Why a state-owned cyrptocurrency?

The is mainly going to be used to run stress less financial payments, bank to bank settlements and  retail banking. On top of all, the new cryptocurrency will be used in a direct transfer. It will employ in a distributed and one-to-one framework for transferring without the involvement of any institute.

The purpose of the launch was the USA. With the US pulling out on of the nuclear deal, it has led to ignoring the US dollar in the country by coming up with their own domestic currency. The crypto will be thus launched to buy money or transfer from anywhere in the world and help them in sanctions. It has an idea that the speculation about United States implementation of the recently threatened sanctions is imminent and will likely occur in the future. The cryptocurrency is dubbed as a digital form of Rial. Illegal activities, including money laundering around cryptocurrency was in the past gave rise to Iranian ban. This is not the first country which has revealed its own cryptocurrency, for example even Venezuela has its own digital currency. Although the difference is that Petro is not being backed up by its country’s currency.

The government had announced in April, that they were experimenting with the digital domestic currency. The government had been very cool on cryptocurrency. Last year, Iran was looking at Bitcoin as a solution for the country being cut off from international payment networks, but in February, central bank nixed the idea, expressing distaste for cryptocurrency in general. The central bank then cracked down on institutions offering cryptocurrency services to combat capital fight.

The fiat currency is being backed up by Rial, and the ISC has stated the following attributes:

  • The national cryptocurrency of Iran is Rial-backed and has been designed by the Informatics Services Corporation based on hyper ledger Fabric Platform technology.
  • This will be issued by the Central Bank of Iran and the volume of issuance will depend on the banks decision.
  • It has been developed under the private Blockchain technology and infrastructure and thus cannot be mined.
  • The infrastructure thus created is supposed to be an ecosystem available for Iranian banks and active companies in cryptocurrencies area after being tested and reviewed.
Bitcoin/bitcoinnewsboards

BitcoinNewsBoards – Bringing you the best latest cryptocurrency news, Bitcoin news

Being a top News website in the cryptocurrency industry, Bitcoin news board has developed a very good brand reputation. Once a scholar said “it is not as easy to sustain in an ocean of storm”  but it was an outstanding effort from the crew of the BitcoinNewsBoards and the management. Bring you the best latest cryptocurrency news.

Why Bitcoin news board?

It is simple, getting genuine and fresh crypto news from top authors, the system of constant review and publishing the news. It is as important to know what other services do BitcoinNewsBoards offer our viewers. There are multiple sections in a web site taking you cryptocurrency tour such as ICO calendar, Submit ICO for listing, best ICO to invest and present price of the top cryptocurrencies such as bitcoin, ethereum, litecoin, and xrp etc..

What makes them different from other cryptocurrency websites?

First, BitcoinNewsBoards stand best with the latest design of website and less confusion for cryptocurrency viewer. one can easily navigate to the listing, bitcoin news, ethereum news, cryptocurrency price, ICO Press releases and to Cryptocurrency press release sections easily. More the important the genuine cryptocurrency news with top authors and the best team.

Not every path you take is the right one, in the ocean of crypto industry it is important to choose right ICO calender, best ICO to invest once after this choosing right ICO Press releases of the ICO you have invested in. selling ICO or Buying ICO at the right time to get the proper information it is important to choose the right media. here we come to the conclusion that bitcoin news board bring you all the required information with its unique way of representation.

Swiss Alps , BNB

Swiss Alps Energy Project

Swiss Alps Energy AG is the ONLY company with a revolutionary answer set aside to half of its power costs by utilizing mining cubes only by a sustainable power source and ORC recuperation of waste warmth from the mining equipment. This represents an answer for a worldwide issue for a global problem facing the industry. The lowest boiling point of water at high altitudes where the mining cubes are situated makes energy recuperation significantly more productive. This makes mining essentially more gainful, secures Swiss social legacy, and saves energy.

What Swiss Alps Energy AG (SAE) Entails?

Swiss Alps Energy AG (SAE) is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are expected for long-haul stationary use. Consequently, SAE preserves unused buildings in the Swiss Alps and utilizes them sensibly without impedance with either assembling structure or the earth.

Swiss Alps Energy AG is Swiss Alps Mining and Energy working business. Individuals from the group originate from fields, for example, blockchain innovation, cryptocurrency mining and hyper-ledger applications designers and pros, and in addition structural specialists, framework architects, and energy experts. The group has effectively created and propelled a few items, arrangements and applications dependent on the blockchain innovation. The organization is as of now experiencing the application stage with the end goal to wind up an individual from a Swiss self-administrative association (SRO).

The Idea Of SAE

Out of its extraordinary position as an accomplished Swiss supplier of blockchain innovation and hyper-ledger-based business applications, Swiss Alps Mining and Energy endeavours to:

  • advance blockchain innovation and its uses to the general public
  • be an electricity supplier using the distributed ledger technology
  • give customers/outsiders the decentralized framework to develop their own blockchain-based activities
  • address natural issues related to crypto mining around the world
  • bolster the nearby economy in Swiss alpine territories and encourage the advanced change in these regions

The SAE Mining Modular Cubes

A complex particular modular framework permits Swiss Alps Energy AG to manufacture and execute pre-assembled dust-secured mining segments nearby.

SAE potentials

Switzerland, a protected country with high ecological benchmarks set up, is developing into the focal point of blockchain innovation. Because of a decent and modest supply of sustainable power source, Switzerland is an exceptionally alluring area for mining offices as beneficial mining is conceivable.

SAM Energy

Swiss Alps Energy AG utilizes sustainable power source only. Long haul entire deal buying understandings and the administration of the organization’s own little hydropower plants take into consideration an exceptionally productive task of the mining offices. This is particularly noteworthy since energy costs represent a noteworthy piece of the aggregate expense of crypto mining, and conventional mining facilities prevalently utilize grimy fossil energy sources. We are persuaded that the up and coming age of power matrices will be shrewd and adaptable. Through the decentralized framework, they will be encouraged by private sustainable power source suppliers also.

The Future Of SAE

Swiss Alps Energy AG gives the establishment to numerous future-arranged applications: money related resource authority and exchange, item following through blockchain and IoT in coordination and transportation, electronic records in social insurance, and character administration to rearrange the KYC procedure for any possible industry are only a few precedents of how circulated record innovation can be utilized. Moreover, SAE has built up a practical idea to address the crumbling of social resources in Alpine territories, while in the meantime supporting their economy and advanced change.

Swiss Alps Energy needs to utilize void structures in the Swiss Alps to make financially savvy and eco-accommodating mining focuses. Bitcoin mining devours monstrous measures of energy. It requires more energy than the Republic of Ireland and produces 20 megatons of CO2 discharges, or, in other words, the effect of one million transoceanic flights, as per The Guardian. The carbon impression of this energy escalated process and its developing power bills are considered among the hardest issues looked by the digital money network. Diggers around the globe are looking for arrangements that would make the business more economical and guarantee its long-haul improvement.

Considering that, Swiss Alps Energy AG (SAE) has conceived an arrangement to convey mining gear in a great many void premises over the Swiss Alps to lessen both power utilization and mining costs. The imaginative framework created by the organization permits introducing blockchain foundation in deserted old structures once utilized for cultivating. The adaptable particular mining squares – the purported Swiss Alps Mining (SAM) Mining cubes – are built from pre-created structures and are associated with a focal stage that screens their execution and characterizes ideal parameters for augmenting benefit. SAM blocks are independent and can run consequently.

At high altitudes, the boiling point of water is much lower, which implies the mining cubes will expend less energy. Another good perspective is low outside temperatures, so this common cooling alternative will make extra cooling frameworks superfluous. Aside from that, the organization offers the imaginative Organic Rankine Cycle (ORC) framework, which will produce power from the waste warmth of modern procedures and mining itself. These variables will permit an extraordinary decrease in energy utilization and enhance mining benefit.

There is another motivation to convey mining offices in Switzerland. This nation is popular for its open-arms way to deal with blockchain advances and computerized resources. Also, Switzerland has a long custom of utilizing hydropower. It is an inexhaustible, modest, and dependable wellspring of energy, accordingly ideal for mining forms. As of now, there are more than 1,400 little hydropower plants available to be purchased in Switzerland. By acquiring these offices, SAE will make a decentralized power supply framework and turn into a distinct advantage in the mining business.

SAE will enable people and organizations to purchase or lease SAM solid shapes. Obtained units can be conveyed and worked either in the Swiss Alps or somewhere else. The organization evaluates the potential profit for ventures at 360% out of three years of activity. SAE clients will gain admittance to the SAM Smart Mining system or SamaiX – an AI-based arrangement that tracks mining results and ceaselessly distinguishes the coins most beneficial to mine. The framework influences proposals to diggers so they to can modify their activity likewise.

SAE set its first SAM cubes to work in February 2018. At present, the organization is searching for empty houses to begin leasing mining cubes in the coming months. Toward the year’s end, the units will be accessible available to be purchased.

ICO subtle elements

The organization propelled the private deal in May. General society introductory coin offering begins in June, with 311 million SAM tokens to be issued. They will be perfect with the ERC20 standard and accessible for buy with BTC and ETH. The hard top is set at $96 million overall crowdfunding stages. 2nd stage of Bounty campaign is currently on.

For more Information Visit:

Website: https://swissalpsmining.io/

Whitepaper: https://swissalpsmining.io/pdf/whitepaper.pdf

Medium: https://medium.com/@swissalpsmining

Twitter: https://twitter.com/swissalpsmining

Telegram: http://t.me/swissalpsminingICO  

Reddit: https://www.reddit.com/r/swissalpsmining/

Facebook: https://www.facebook.com/swissalpsmining/

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2125855

bitcoinnews, cryptocurrency

Russian government agency to keep vigil on crypto transactions

The Russian government agency is planning to expand its internal systems to keep an eye on cryptocurrencies. This agency will monitor alternative types of transactions including those made with cryptocurrencies.

As reported by the local newspaper, Rosfinmonitoring, the Russian government agency also responsible for monitoring financial crimes, will enlarge its system to monitor transactions made with cryptocurrencies. By the end of this year 2018, new application will be included in a condensed monitoring system for the organization, whose main aim and focus is to prevent terrorism funding and confront fraud schemes. The tool is expected to unite fragmented information on fraud and link different cases.

An improved system allowing for data about crypto wallets tied to certain individuals is also being developed by Moscow Institute for Security and Information Analysis (SPI), with a price tag of about $2.8 million. The tool could find a particular person’s name, bank account, credit card, and cellphone number, as well as the number of the electronic wallet. It will not include the above mentioned things but also include data on cryptocurrency and Bitcoin transactions.

Not much is known about the scope of the initiative but according to the documents published through an electronic auction system that registers purchases and purchase requests from Russian agencies, Rosfinmonitoring should get the updated system before the end of the year so that the transactions can be tracked.

Rosfinmonitoring has also refused to disclose any details about this expansion. Policymakers and legislators in the country have gone back and forth on the question of cryptocurrency oversight and it was reported that Rosfinmonitoring could play a possible role in monitoring transactions on regulated cryptocurrency exchanges.

The list of individuals whose accounts have been blocked in Russia due to terrorism charges includes 8,600 people.  The list of entities has 485 entries, with most of them being various Russian religious organisations. The database also lists 101 foreign entities and 415 foreign individuals.

tomlee

Tom Lee Correlation Between Bitcoin and Emerging Markets

Bitcoin analyst Tom Lee has predicted that the cryptocurrency could end the year explosively higher and citing a correlation between cryptocurrency and emerging markets. Tom Lee has made his new prediction in an interview during a Trading Nation show organised by CNBC August 25.

The Head of Research at Fundstrat Global Advisors has said that according to Tom Lee he still thinks it’s possible, that Bitcoin price could surge to as high as $25,000 this year. Tom Lee has based his prediction on the relationship between the price of BlackRock and Bitcoin on iShares MSCI Emerging Markets Exchange-Traded fund (ETF), which tracks medium sized and large companies in emerging markets.

According to Tom Lee, the important fact lies in that, Both markets bitcoin and emerging market are running somewhat parallel to each other, with both having really essentially peaked in early 2018, as well as both bitcoin and emerging market having been in a downward trend from then till now.

According to Tom Lee, recent trading activity of hedge has shown that hedge funds are not buying funds they have stopped buying into funds which are tied to emerging markets due to market sell-off risks, which, in turn, leads to reduced purchases of Bitcoin and other cryptocurrency too.

As Tom Lee believes, a little change in the direction of the emerging markets would signal a similar change in Bitcoin trend: “Until emerging markets begin to turn, Lee thinks in some ways that the correlation of bitcoin and emerging markets is going to hold and tell us that sort of the risk on mentality is those buyers are not buying bitcoin.”

In the interview at the Trading Nation, Tom Lee pointed out and said that the tide is changing for cryptocurrency but in this case for both emerging markets and Bitcoin, especially if the U.S. Federal Reserve slows down its interest rate and hikes. Last month that is on July, Lee assumed and voiced his stance that Bitcoin could reach anywhere between $22,000 to $25,000 by the end of 2018.

Jubiter / PR

Jubiter lets anyone with a credit card easily step into the world of crypto

Jubiter is proud to announce the launch of a free and secure cryptocurrency exchange.

Following extensive research, investors can now buy crypto with just a credit card, put their crypto to daily use with Jubiter’s native debit card, and enjoy an enhanced sense of security every step of the way. 

What can you do with a Jubiter wallet?

With a Jubiter account you can buy up to 500 (USD, EUR, GBP) worth of Bitcoin or Litecoin. We also got rid of the sluggish identity verification process, so anyone with a credit card can easily step into the world of crypto.

Our value-added services are fully aimed at optimizing each investor’s customer experience. We implemented the most advanced security measures and we keep 97% of all cryptocurrencies in cold storage by default, so you can rest assured that your digital assets are invulnerable to malicious attacks.

Our coming-soon native debit card will enable holders to put their crypto to real-world use, whether it’s daily transactions or ATM withdrawals.

We’re all about making crypto available to all, so we encourage users to invite friends to benefit from Jubiter’s unique services through the Jubiter referral program, and enjoy privileges like better commissions.

Jubiter is incorporated in Estonia and fully regulated by the Estonian financial authority. It is a fully-licensed cryptocurrency-to-fiat currency exchange service, as well as a virtual currency wallet service. It has an SB status in FinCen and its services are available to the U.S., the E.U., and to an additional 161 countries.

We understand that our most valuable asset is you, the user. To ease your entrance to the crypto sphere, we’ve set up an exceptional customer service that is available to you via toll-free phone numbers, live chat, email or social media. Our support team is available from Monday to Saturday, 8:00 AM until midnight EST.

Website: https://www.jubiter.com/

Contact: Richard Brockhume, business@jubiter.com

bitcoinnewsboards

Investors of Cryptocurrency lose thousands of dollars

The value of the Bitcoin went from down to $4,353, in October 2017, to up till $13,860, in December 2017. As a result, the US largest cryptocurrency brokerage Coinbase doubled customers during the period.

However, over the course of time, several contributing factors hit cryptocurrency markets and the value of Bitcoin fell to $6,926, in March 2018, as of August 20 it was trading at $6,265. The value of the market has fallen by about 75 percent ($600 billion) since January 2018.

According to a report in the local news-paper, an investor from the UK, Pete Roberts said that he use  his savings to invest in cryptocurrency totalling $23,000 into different cryptocurrency during last winter surge, which is now worth just $4,000. He said that his ambitions of making a quick money led him to financial ruin.

Pete Roberts is not the only investor they are many more investors who have seen this fate. Asian countries like South Korea and Japan have been particularly hit as there was hardly an activity in their cryptocurrency markets before the surge. As the value of the Bitcoin was climbing up fast, thousands of people invested their savings in the digital currency to gain more profits, but failed to do so.

Kim Hyon-jeong a japan investor is believed to have invested $90,000, which she gather together from her savings, an insurance policy and a loan. Since then, the value of her investments have fallen by 90%.

Majority of these investors think and said that their ire lies with smaller digital currencies, which sold tokens through Initial Coin Offerings (ICOs). Most of the companies failed to deliver their promises made or else there were exposed to scams, making their tokens worthless. Still there are thousands of investors who are holding their coins in the hope that the constant rise and fall will change and prices of the digital currency would rise.

Tony Yoo, a financial analyst based in Los Angeles, invested about $100,000 in cryptocurrency last year, the value of which declined by 70 percent at its lowest point. Tony Yoo is optimistic and said that many of these companies are perfecting their software and technology, roping in serious  engineers to deliver better services to investors. He is planning and willing to invest more money in digital money, as prices are extremely low now. Most of these investors had still hold on Bitcoins and are still holding as they had first invested in the technology in 2013 when it crossed $1,000. In spite of the recent fall, the value of a Bitcoin is around $6,500, which is over 500% than its price of 2013.

bitcoinccash

Bitcoin Cash Use in Commerce has seen a Significant Decrease this year

An analysis and review was made of payments received by the world seventeen largest crypto exchanges and it was seen that Bitcoin Cash (BCH) use in commerce has decreased, according to blockchain analytics firm Chain analysis, It was reported in local news-channel on August 20.

A group of people made analysis from Chain analysis and they found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was to be estimated $60 million in May, was down from a high of $412 million in September. Senior economist,  at Kim Grauer Chain analysis, said in a phone interview with a local news- channel saying that, “There are fewer users of Bitcoin Cash and very fewer holders.”

This year, the Bitcoin Cash price decreased by 75 percent, while Bitcoin dropped by about 55 percent. According to Kim Grauer, he sees concentrated ownership as the reason for the low Bitcoin Cash adoption rate, where almost 56% of the cryptocurrency is controlled by 67 wallets that are not located on exchanges. Between 10,000 and 1,00,000 Bitcoin Cash are held by only two wallets. Kim Grauer said that it is possible the wealthiest holders are the ones sending a lot of the traffic to merchant services.

Bitcoin Cash appeared a year ago after a hard fork from the Bitcoin blockchain. During the time of launch of Bitcoin Cash it caused controversy in the community, Bitcoin.com Vice President of business operations, Alejandro de la Torre told the local news-paper about the importance of the fork. He said, “The ability to make forks and besides make sure to keep the community aligned was a great achievement. They provided much greater bandwidth and their by increase it per block by first increasing to 8 MB and then again to 32 MB. This additional room is more than what is needed presently, but Bitcoin Cash is seeing the future and looking ahead and getting ready to process high volumes of traffic. The greater the block size it allows more of Bitcoin Cash to store more information in each transaction, giving the blockchain space to write smart contracts on-chain at low costs.”