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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Massively updated, and keeping its remarkable fairness check feature, Flip’s Star will open up to True Flip’s partner network later this year. Meanwhile the game bolsters the evolving loyalty system at Trueflip.io, the company’s playground. The next incarnation of Flip’s Star is built around its progressive Jackpot, worth 50 BTC on launch, and going cross-platform in late 2019. Given its friendly interface, the game appeals with its simplicity, uncommon for blockchain apps. Draws take place every Sunday around 18:00 UTC, when a genuine algorithm by True Flip extracts a winning sequence from a newly-generated, thus unpredictable, Bitcoin block hash. The concept enables a one-click fairness check on the site. With bulk discounts of up to 75%, tickets are now in stock for registered players at https://star.trueflip.io/. Flip’s Star will also grant tickets for points earned while playing on Trueflip.io. “Flip’s Star has ensured our successful business launch, and passed 590 daily draws, bringing lots of joy to numerous lucky players. After months of refactoring, the game is back in service, massively updated in core, with more features and a whole new role in our ecosystem.” – said Konstantin Katsev, CMO of True Flip. True Flip has also withdrawn another blockchain-utilizing lottery, Rapid to the Moon, to face similar updates. The instant drawing game will return to the company’s b2b and b2c portfolios before the end of the year. About True Flip True Flip is an iGaming provider that has released multiple games, with more in development. The games combine unique storylines with authentic visuals and offer varied gameplay and risk levels. The products are designed for easy business-to-business integrations and a follow-on service. Trueflip.io is a casino brand based on deep gamification and hosting hundreds titles from top-tier providers. Targeting a wide range of players, Trueflip.io is an online amusement park backed with a growing fantasy universe to host tournaments, bonuses and promotions. Trueflip.io was also among the pioneers in bringing Blockchain technology to the mass iGaming market. Contact Email Address vas@trueflip.io Supporting Link https://star.trueflip.io/ This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: True Flip’s Pioneering Crypto Lottery Will Acquire a Cross-Platform Jackpot appeared first on Bitcoin News. View the full article

As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request G20 Implementing Global Standards The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets. The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained: The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations. A FATF meeting In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized: Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy. Russia Has Issues to Resolve Among countries that have announced their plans to implement the standards set by the FATF is Russia. The country has yet to finalize the regulatory framework for cryptocurrency, which President Vladimir Putin originally said must be done by July last year. Since no crypto regulation had been introduced, the Russian president signed another order for his country’s crypto regulation to be implemented by July this year. However, another delay may also be in the cards as the Chairman of the State Duma Committee on Financial Market, Anatoly Aksakov, has revealed that “The adoption of the law on digital financial assets is ‘stuck’ because of the requirements of the FATF,” Tass reported on May 21. Speaking at the Russian Stock Market 2019 conference, he explained that the requirements will either be implemented in the law on digital financial assets or in a separate bill, elaborating: The law on digital financial assets has been suspended … There were FATF decisions that require us to resolve issues related to bitcoins and so on. The news outlet also reported first deputy chairman of the Bank of Russia, Olga Skorobogatova, indicating that the law on digital financial assets could be adopted in the Spring session. “The law on digital financial assets, on crowdfunding, etc., all these bills are in a fairly high degree of readiness,” she told the State Duma. “Colleagues from the State Duma committees are very helpful, we expect that these laws can be passed during the Spring session.” She further stressed that these laws “are extremely important for the country and will provide an opportunity to implement new projects.” Japan Collaborating With Other G20 Countries The host of the June G20 summit, Japan has been actively working on implementing global standards on crypto assets. Last week, the country’s House of Representatives passed a crypto bill with a number of required resolutions. According to Impress publication, one of them reads: We have fully grasped the regulatory trends of G20 countries, and cooperated with each country to achieve international harmony. In April, local media reported that the Japanese government is preparing to offer a handbook to the G20 countries to help them with their own crypto regulations. This matter will be discussed at the June summit along with a wide range of regulatory measures relating to crypto assets. In December last year, Japan’s top financial regulator, the Financial Services Agency (FSA), released a report stating: To manage and mitigate the risks emerging from virtual assets, countries should ensure that virtual asset service providers are regulated for AML/CFT purposes. They should also be “licensed or registered and subject to effective systems for monitoring and ensuring compliance with the relevant measures called for in the FATF recommendations,” the report details. South Korea Wants Regulatory Consistency South Korea has announced several times that it will comply with the unified crypto regulatory standards. At the FSB plenary meeting in April, the progress report to be delivered to the upcoming G20 meetings in Japan, vulnerabilities in the global financial system, and global standards of crypto regulation were discussed. “Transnational cooperation is necessary to regulate virtual currencies,” Choi Jong-ku, Chairman of the Financial Services Commission, was quoted as saying. He emphasized the importance for each country to consistently implement international standards prepared by the FATF “to minimize regulatory inconsistencies.” FSC Chairman Choi Jong-ku Possible Challenges Ahead Blockchain analysis firm Chainalysis provided feedback to the FATF on its guidance for crypto assets in April. “FATF’s guidance, as it is currently drafted, would have profound implications for the cryptocurrency industry,” the firm wrote. “There are clear technical obstacles that prevent cryptocurrency businesses from being able to comply with these standards,” Chainalysis detailed. Citing that “Cryptocurrencies were originally designed as a peer-to-peer financial system that has no central authority and no intermediaries,” the firm asserted that in most cases crypto exchanges “are unable to tell if a beneficiary is using another exchange or a personal wallet,” adding: Requiring a transmission of information identifying the parties is not technically feasible. The firm proceeded to discuss “technical opportunities,” suggesting that in order to meet the FATF’s goals, “Cryptocurrency exchanges can use the transparency of the shared ledger to form an effective risk-based approach.” They explained that it should be the job of exchanges to collect and store know your customer (KYC) information of each transaction’s originator, and clarified that “While the transactions themselves are public, exchanges should also link their customers with their specific transactions as this information is not available on the public ledger.” Another point highlighted by the firm, which they referred to as “unintended consequences,” is that “There is no infrastructure to transmit information between cryptocurrency businesses today, and no one has the ability to change how cryptocurrency blockchains work.” The firm elaborated: Forcing onerous investment and friction onto regulated businesses, who are critical allies to law enforcement, could reduce their prevalence, drive activity to decentralized and peer-to-peer exchanges, and lead to de-risking by financial institutions. Chainalysis noted that “Such measures would decrease the transparency that is currently available to law enforcement.” Manageable Financial Stability Risks The European Central Bank (ECB) monitors crypto assets and analyzes potential implications for monetary policy and the risks they may pose on market infrastructures, payments, and the stability of the financial system. Its report published earlier this month entitled “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures” summarizes the outcome of the analysis of its Crypto Assets Task Force. The report reads: At present, crypto-assets’ implications for and/or risks to the financial stability of the euro area, monetary policy, and payments and market infrastructures are limited or manageable. Noting that crypto assets cannot be used to conduct money settlements in important financial market infrastructures in the EU, the bank states that “they do not qualify as securities … [and] central securities depositories (CSDs) cannot undertake settlement of crypto-assets.” Even if crypto-based products were to be cleared by central counterparties, they would need to be authorized and to satisfy existing regulatory requirements, the bank clarified, adding that “Even at their peak in early 2018 the outstanding value of crypto-assets was too small to give rise to concerns for the EU financial system and the economy.” Stressing that “Crypto-assets market developments are dynamic and links to the financial sector and the economy may increase in the future,” the bank claims: It is therefore important that the ECB continue to monitor the crypto-assets phenomenon, raise awareness and develop preparedness for any adverse scenarios, in cooperation with other relevant authorities. The ECB concluded that “Financial institutions investing directly or indirectly in crypto assets should have in place relevant governance arrangements, also in line with the licensing criteria, and commensurate to the materiality of investments in crypto-assets and/or crypto-assets-related activities.” The bank added that many factors ranging from market developments to “unintended ‘legitimising’ effects” of crypto regulation could result in greater exposures to crypto assets. Do you think the G20 countries should follow unified cryptocurrency standards? Let us know in the comments section below. Images courtesy of Shutterstock, the FATF, and Korean government. Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won! The post G20 Countries Start Implementing Unified Crypto Standards appeared first on Bitcoin News. View the full article

Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil, and precious metals. Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations There’s Nothing Like Crypto Gains Digital currencies have had a great year based on the five months up to June 1st. So far cryptocurrencies have outshined traditional investments like oil, gold, and popular stocks. The market valuation of all 2,000+ digital currencies is now close to a quarter of a trillion dollars. There’s also been a steady $40-100 billion dollars in trade volume every 24 hours over the last few weeks. In comparison, the top performing traditional asset is oil, which is up over 29% since the beginning of the year. Oil and gold’s performance over the first five months of 2019. This is followed by stocks like Nasdaq (+15%), S&P (+13%), Dow Jones (+10%), and Nikkei (+6%). One troy ounce .999 Gold (Au) prices have remained around the same value over the last five months but gained 0.46% since Jan. 1. On the first of the year, the price of one ounce of silver was $15.49 but the value has lost 7.48% with current prices at $14.33 per troy ounce of .999 silver (Ag). The Top 5 Crypto Market Leaders A great majority of cryptos gained much more value than most of these traditional assets combined. The top runner of 2019 is binance coin (BNB) which has gained 450% this year. BNB has climbed from $6.19 per coin on Jan. 1 to $34.06 at today’s opening prices. Litecoin (LTC) is the second largest 2019 market leader with 265.85% gained when the price was $30.46 on the first of the year and $111.44 per LTC today. Another coin tezos (XTZ) started the year off at $0.46 per XTZ and on May 28, the price per XTZ is $1.66, an increase of over 260%. Historical data also shows that bitcoin cash (BCH) opened the day at $432 per BCH on May 28, which is 186% higher than the $150 BCH spot prices on the first day of January. The cryptocurrency eos (EOS) has gained 168.48% this year, starting at $2.57 per token and today’s opening at $6.90. Bitcoin cash markets have risen significantly this year, climbing more than 186% since Jan. 1, 2019. Cryptoconomy Increases by 118% and Daily Trade Volume Jumps Over 500% Global charts show the entire cryptoconomy hovered around $125 billion on Jan. 1 and at today’s valuation sits at $273 billion, which is an increase of over 118%. The spike in trade volume shows that on Jan. 1 there was only $12.6 billion swapped during the year’s first 24-hour period and on May 28, global crypto volumes are around $83 billion. Traditional investments like stocks have been slumping since Trump threatened new trade tariffs against China. This means that massive trading is taking place compared to the first of the year as volume has jumped by a whopping 558%. Bitcoin core (BTC) was the sixth biggest gainer in 2019, capturing 132% in gains. BTC started the year at $3,746 and today’s prices touching $8,724 per coin. Other notable leaders in 2019 over the last five months include DASH (105%), ETH (101%) and ADA (100%). Market observers have been leery of precious metals markets like gold as a safe haven investment. We can see that cryptocurrency assets have done incredible numbers this year in comparison to traditional investment assets like gold. This year still shows correlated price action between BTC and other cryptos, but there have been a few decoupled movements taking place as well. The recent crypto winter made the community pessimistic in regard to whether things would change for the better, but the recent crypto spring has created some newfound optimism. 100%-450% gains is a phenomenal increase. Every year, cryptocurrency markets never cease to amaze, taking many people off guard. What do you think of the gains cryptos have seen over the last five months? Let us know what you think about this subject in the comments section below. Disclaimer: All the prices and percentages in this article stem from the opening spot prices on Jan. 1, 2019 to the opening spot prices on May 28, 2019. Data was gathered from Markets.Bitcoin.com, USAgold.com daily prices, and Trading View. Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Image credits: Shutterstock, Markets.Bitcoin.com, and Pixabay. Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Crypto Assets Outshine Most Traditional Investments in 2019 appeared first on Bitcoin News. View the full article

Cryptocurrency companies in the United States aren’t happy. Token issuers, exchanges, and VCs are up in arms about vague and contradictory guidance on crypto asset regulation. Should the U.S. fail to revise its financial laws, they warn, there is a risk of top talent making an exodus to friendlier crypto climes. Also read: Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos The US Risks Being Left Behind America is known for its forward-thinking approach to tech. As a consequence, Silicon Valley startups have been allowed to flourish in a favorable regulatory climate. Because blockchain technology intersects with money, however, innovating in the U.S. hasn’t been so straightforward. A string of regulatory agencies including the SEC and CFTC take a strict view of such matters as unlicensed money transmission and unregistered securities trading. Cryptocurrency issuers, service providers and P2P traders risk falling afoul of confusing state and federal laws, which are often enforced without rhyme nor reason. Figuring out the stance of the SEC and its cohorts is a task that’s kept even the best crypto lawyers guessing. In a blog post on May 23, Poloniex exchange owners Circle pleaded for U.S. regulators to show sanity. The company warned of conflicting SEC policy “chilling innovation in the U.S. and nudging crypto projects toward jurisdictions with greater regulatory clarity—neither of which is good for U.S. business.” They added: We’re frustrated by the consequences of the current guidance, and we know those sentiments are shared by the crypto community as a whole … we need … thoughtful and effective policies in the U.S. that enable creativity from technologists the world over and are built for crypto assets released on public blockchains, rather than age-old laws written for securities offered by corporations. If the penalty for breaching securities laws was only a slap on the wrist, businesses might be more inclined to move fast and break stuff, rather than tread carefully for fear of censure. Instead, cryptocurrency exchanges have been forced to err on the side of the caution, in the knowledge that the slightest slip could see them slapped with a punitive fine or barred from trading altogether. While America Slumbers, Other Nations Seize the Day Confusion over what constitutes a security and whether “sufficient decentralization” makes a project’s token a utility have kept U.S. crypto leaders scratching their heads. While exchanges such as Poloniex have delisted coins like DCR and REP, due to uncertainty over their legal status, other countries have capitalized on this policy void and embraced tokenization, within certain bounds. A number of small nation states including Malta, Gibraltar and San Marino (pictured) have embraced crypto companies. Jose Maria Macedo is the Head of Advisory at Amazix and a member of the San Marino Scientific Council. There he serves as a token economics expert, helping the crypto-friendly microstate develop its blockchain policy. He told news.Bitcoin.com: “The SEC finds itself in a difficult position in regulating the crypto space. One the one hand, it’s obliged to stamp out the most flagrant securities violations that have been perpetrated by ICOs, while taking a lighter touch towards tokenized projects that are acting in good faith. Unfortunately, a lack of clarity in the U.S. as to what constitutes a security token has led to exchanges self-censoring, and removing crypto assets out of fear that they may fall foul of the SEC.” He added: If the U.S. doesn’t update its archaic financial laws to reflect the growth and innovation within the cryptoconomy, we could see a ‘brain drain’ in which the smartest token economists and developers flee to territories that have embraced crypto assets and enacted clear guidelines that let companies know ‘We’re open for business’. In its impassioned blog post, Circle cited the Token Taxonomy Act, a bipartisan bill seeking to exclude digital tokens from security laws. The definition of what constitutes a security, based on the 1946 Howey Test, and supplemented by unofficial comments by regulators over the years, are murky at best. In “A taxonomy of token models and valuation methodologies,” Jose Maria Macedo defines crypto capital as “A token whose ownership provides ongoing access to something of value,” of which security tokens form a subset. Crypto assets, on the other hand, are “tokens whose ownership doesn’t yield an ongoing stream of value.” This interpretation sounds simple enough, but until such reasoning is enshrined in law, U.S. crypto companies are obliged to tread carefully. Crypto Leaders Take the Fight to the SEC Fred Wilson, CEO of Union Square Ventures, weighed in on the regulatory debate Circle sparked, criticizing the SEC’s “damaging policy” that will drive liquidity and trading volume to Asia, where the remainder of the crypto sector will follow. “In 5-10 years when we look back and consider why the next big tech sector centered itself in Asia and not in the US, it will be the SEC’s unwillingness to create new rules to regulate new assets that will be the cause,” he concluded. On May 28, Kin founder Ted Livingstone went a step further, launching Defendcrypto.org whose mission statement reads: “The SEC has been shaping the future of crypto behind the scenes with settlements that set a dangerous precedent and stifle innovation. Kin is unwilling to let that happen and is setting aside $5MM with Coinbase to take them on in court. But with the future of crypto on the line, $5MM might not be enough. That’s why we’re calling on others to contribute to the Defend Crypto fund.” In a follow-up blog post, Fred Wilson chipped in: It is my hope, and Kin’s hope, that DefendCrypto.org will be an inspiration for the many other important crypto projects that are silently battling with the SEC to come public and raise capital from the crypto sector for their fights. The SEC is regulating by enforcement, not new rulemaking, and worse, they have taken a divide and conquer strategy. It is time for the crypto industry to come together and fight back. Kin is unlikely to gain much public support in taking their fight to the SEC. This is a company, after all, which raised $100M via an ICO not so long ago. Nevertheless, there is a growing consensus that when it comes to crypto asset regulation, something has got to give. Otherwise, the U.S. risks falling behind to nations that aren’t afraid to embrace digital currencies. Drawing level with them again could take years. Do you think lack of clarity from the SEC is damaging crypto companies in the US? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post U.S. Regulators Risk Causing a Brain Drain to Friendlier Crypto Climes appeared first on Bitcoin News. View the full article

Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking place in Argentina as a few other countries suffering from hyperinflation are seeing significant demand as well. Also read: Bitcoin.com Celebrates 4 Million Wallets Created Lots of Crypto Demand Stems from Countries Experiencing High Inflation and Currency Devaluation Over the last week, digital currency supporters have noticed that the price of bitcoin core (BTC) and a few other popular assets have been seeing higher price gains in some markets compared with the rest of the world. The trend has been seen in countries suffering from economic distress and hyperinflation, an accelerated version of traditional inflation. Essentially the state’s currency begins to erode extremely fast and the prices of goods like food and medical supplies increase. Due to this factor, the region’s citizens usually switch to more stable foreign currencies in order to hedge against rapid inflation. Crypto supporters have been noticing this happen with digital assets and recently people have observed the high price of BTC in Argentina. Against the Argentine peso, bitcoin core’s value has spiked considerably and is even surpassing the all-time high in 2017. Currently, the price per BTC is 390,719 pesos in Argentina and Localbitcoins trade volumes have also touched an all-time high. During the first week of May, Argentinian Localbitcoins volumes reached $13 million and trading has continued relentlessly. The Argentine peso has seen a massive decline against the U.S. dollar and the economic uncertainties stem from the country’s upcoming change in leadership. However, the same trend is taking place with a few other failing currencies too like the Venezuelan bolivar, Sudanese pound, and Turkish lira. And there are other countries like Colombia, Chile, and Russia that are seeing increased crypto volumes and more demand than usual. Further, places like Argentina and Venezuela are also seeing demand for bitcoin cash (BCH) over the last 30 days. On Localbitcoins, the Turkish lira has seen steady volumes growing on the exchange and prices show that the value of BTC is nearing 2017 highs as well. At press time 1 BTC is around 52,577 Turkish lira and there’s been 500,000 to 750,000 in Localbitcoins volumes over the last few weeks. Throughout 2018 and 2019 the Turkish economy has seen rapid inflation and the lira has seen a decline in value against other currencies. In addition to the lira, the Sudanese pound verses BTC has also been climbing dramatically. At the time of publication, a single BTC is 393,650 Sudanese pounds and liquidity is extremely low in the region. Venezuela is also in the same circumstances as the country’s inflation rate of 1.30 million percent as of April 2019 has wreaked havoc on the sovereign bolivar. Over the past few weeks of Localbitcoins volume data, the country continues to smash all-time records. According to current exchange rates at press time, 1 BTC is 49,117,302 bolivars. There’s been a lot of focus on Venezuela because the country has the highest inflation rate globally but there are a few other countries that are following similar paths. Alongside BTC, crypto advocates have been promoting BCH heavily in these regions as well, with lots of attention focused on Venezuela’s hardships. Local.Bitcoin.com Launch and the Bitcoin Cash Venezuela Merchant Initiative Bitcoin Cash supporters have been in Venezuela promoting the use of the decentralized currency regularly. At Bitcoin.com we recognize the need for people to trade fiat currencies for permissionless cryptocurrencies and that’s why we created Local.Bitcoin.com. People from all around the world can trade bitcoin cash (BCH) with each other in a peer-to-peer fashion when our noncustodial exchange Local BCH launches on June 4, 2019. Bitcoin cash gives any global citizen the freedom to escape the erratic behavior of centralized fiat currencies. And the low transaction fees that are below one cent highlight how BCH is superior for remittances. In addition to the over-the-counter exchange coming next week, Bitcoin.com has also been pushing merchant adoption with our Bitcoin Cash Venezuela initiative. Our merchant adoption effort in the country aims to help retailers accept a new means of digital exchange and at the same time, escape the bolivar’s devaluation. Read here how crypto and bitcoin cash adoption is strong in Venezuela despite the political and economic crisis. The demand for cryptocurrencies has grown quite sizable over the last decade, but in the last few years interest stemming from regions suffering from severe economic hardships has spiked considerably. There is a great need for permissionless digital assets like BCH in countries where the state-issued currencies are becoming worthless, capital controls are imposed, and sanctions from oppressive leaders make economic participation harder. It’s likely at any time global citizens who really need a reliable medium of exchange will flock to digital assets that can provide the means to fulfill their ends. Individuals need alternative forms of money and especially one that works. Interest in a cryptocurrency that can provide permissionless exchange, alongside reliability will surely surpass the speculative bunch of investors begging for institutional types to jump aboard. It is evident that citizens from Argentina, Turkey, Venezuela, and other countries are showing strong demand for permissionless assets and this will only continue to grow. What do you think about the demand for cryptos in regions where rapid inflation is dominant? Let us know in the comments section below. Image credits: Shutterstock, Google currency prices, Local.Bitcoin.com, Venezuela.Bitcoin.com, Coin Dance Cash. Did you know you can also buy Bitcoin Cash online with us? Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos appeared first on Bitcoin News. View the full article

On June 4, Bitcoin.com is gearing up to launch our peer-to-peer trading platform Local.Bitcoin.com. After the exchange was announced, the public were invited to create their accounts and place orders. So far the exchange has seen a huge swarm of interest, with over 4,500 signups to date. Also read: Bitcoin.com Celebrates 4 Million Wallets Created Local.Bitcoin.com Pre Launch Accounts Surpass 4,500 The development team behind Bitcoin.com’s Local.Bitcoin.com exchange has been very busy getting ready for the platform’s grand opening. In about a week’s time, on June 4, the peer-to-peer trading platform will begin to allow trading and people from all around the world can participate. In the buildup to the June 4 launch, anyone can sign up and even create a trade so they’ll be prepared for the big day. Of the 4,500+ accounts, there’s been 1,445 unique makers created and over the last 24 hours, 239 accounts were added. The over-the-counter (OTC) trading platform has seen signups from people all around the globe, with the most popular regions being the U.S. (21%), Indonesia (5%), India (5%), Philippines (4%), Nigeria (4%), U.K. (4%), Canada (3%), and Zimbabwe (3%). Local.Bitcoin.com is also seeing signups from countries like Australia, Malaysia, Thailand, Russia, and Sweden. The number of signups throughout the world has been fascinating as it shows that citizens are very interested in the peer-to-peer exchange of BCH. Additionally, accounts can earn extra bitcoin cash by generating a referral code enabling them to earn 20% of the fees for the lifetime of users who sign up through their code. Spreading Economic Freedom One Trade at a Time Our pre-launch statistics recorded on May 27 show there are 1,817 offers and 1,284 active offers available. Local.Bitcoin.com has around 402 active users per day and roughly 2,418 users per week as well. At Bitcoin.com, we’re psyched to be able to offer people a place where they can trade freely and most importantly in a noncustodial fashion. We believe that there will be great interest in an OTC trading platform that lets people swap their fiat for sound peer-to-peer electronic cash. At the moment, the most popular offer types of trades include bank transfer (32%), cash in person (15%), Paypal (15%), cash deposit (7%), and “Other.” Alternative choices Local.Bitcoin.com users chose were methods like Western Union, Gift cards, Skrill, Moneygram, Transferwise, and Venmo. Creating a Local.Bitcoin.com account is simple and only takes a few minutes to complete a profile and initiate a trade. At Bitcoin.com we want open and free trade to flourish and we think that bitcoin cash is going to change the world. Over the last decade, cryptocurrency exchanges have been looted for billions of dollars worth of bitcoins and this is because people have to leave funds in limbo in order to trade regularly. With Local.Bitcoin.com’s peer-to-peer solution, all trades are noncustodial and users have full control over their funds. So if you are just hearing about Local.Bitcoin.com and need step-by-step instructions on how to sign up and create a trade, check out this informative article. At Bitcoin.com, we’re thrilled to be able to give people the ability to buy and sell bitcoin cash in a way that allows for a far more personal trading experience. If you like what you hear and want to trade fiat for bitcoin cash or vice versa, then sign up for Local.Bitcoin.com today. Additionally, if you have questions or want to give us feedback then check out the dedicated English Telegram channel or Spanish Telegram channel. What do you think about the new peer-to-peer marketplace Local.Bitcoin.com? Let us know what you think about this subject in the comments section below. Image credits: Local.Bitcoin.com, Jamie Redman, and Bitcoin.com. Did you know you can also buy Bitcoin Cash online with us? Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Bitcoin.com’s Local Bitcoin Cash Marketplace Gathers Thousands of Pre-Launch Signups appeared first on Bitcoin News. View the full article

A number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the BCH network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network. Also Read: Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com BCH Developers Discuss the Recent Upgrade and Dispel the Term ‘51% Attack’ Over the last week, the Bitcoin Cash (BCH) hard fork has been discussed in the context of the attacker that tried to cause maximum damage to the chain and failed. According to the narrative spread many BTC maximalists, the BCH chain was ‘51% attacked’ and the protocol is ‘insecure.’ However, this isn’t the case at all and Nakamoto Consensus on the BCH chain is working as it should. On the Coinspice podcast on May 26, Bitcoin ABC lead developer Amaury Séchet and software engineer Corentin Mercier discussed the so-called attack with host Hayden Otto, in a bid to dispel the FUD and rumors. Basically, during the network upgrade on May 15th, it was discovered that a malicious entity was exploiting an old bug unrelated to the upgrade. Software engineer Corentin Mercier (upper left), Coinspice host Hayden Otto (upper right), and Bitcoin ABC lead developer Amaury Séchet (bottom center). The attackers waited to attack the chain on the upgrade day, in order to inflict maximum psychological damage to network participants by stealing funds stuck in ‘anyone can spend’ addresses. During the Coinspice podcast, Séchet explained that since August 2017 a number of coins have been accidentally sent to these ‘anyone can spend’ addresses. The upgrade on May 15 was going to make it so the funds could be accessed by honest nodes and returned to their rightful owners. At the same time, either the attacker or another entity who was aware of the attack prior to the fork placed millions of dollars worth of short positions against BCH so they could short the price during the confusion. But this attempt also failed as the issue was handled rather quickly and the market price of BCH did not budge. Honest Nodes Sabotaged the Malicious Attackers’ Attempt to Steal Funds Mercier, Otto, and Séchet agreed that 51% of the hashrate was leveraged (between the two pools BTC.top and BTC.com) to foil the malicious entity trying to steal funds. Calling the honest nodes attackers is illogical and the developers believe it would have been worse if the malicious entity was given access to the funds. “It’s hard to argue that it was a 51% attack,” Séchet emphasized. What the honest miners did is fully described in the Bitcoin whitepaper. The honest nodes’ hashrate of over 51% was used to combat the attacker nodes on the network that were attempting to steal funds. An excerpt from Satoshi’s Bitcoin whitepaper. The honest nodes sabotaged the attack and it ultimately failed. There were no funds stolen and nothing else was badly affected as a result; only the aggressors’ attack was spoiled. “Honest miners acted in the best interest of their investment and defended the value of Bitcoin Cash,” the Coinspice podcast host remarked. Otto also noted that anyone can use a blockchain explorer and verify that the only funds that were affected were the funds the attacker was trying to steal. Séchet’s Words Underscored That Haters Will Always Hate and the Community Needs to Focus on Improvements Instead of Detractors Critics of the act tried to vilify the BCH chain by using the terms “attack” and “51% attack” when in actuality honest miners just did their job. There was a bug that was exploited and it was not much different to the BTC forks on August 8, 2010, and March 11-12, 2013. The coordination between Btc Guild and Core developer who used 51% of the hashrate on March 11-12, 2013 to revert the chain from version 0.8 to 0.7. No one called the rollback a ‘51% attack’ as it was honest nodes working for the best interest of the chain. In 2013, Btc Guild’s hashrate was leveraged to downgrade the main chain from Bitcoin 0.8 to version 0.7 because of a bug that was discovered. Arvind Narayanan described the situation in full detail which showed Core developers had coordinated with a large mining pool to revert the situation. Narayanan even highlighted that it was a “centralized decision” that was utilized to help find a solution to the problem. Not only that, but the act was highly contentious in terms of whether or not the coordination between 51% of the hash and Core developers was a good thing. At the time, Vitalik Buterin said “the incident opens up serious questions about the nature of the Bitcoin protocol.” In the video, Séchet mostly discussed how the BCH community should concentrate on improving the Bitcoin Cash network as opposed to focusing on the BTC community. As far as the “51% attack” comments, Séchet said that these disparagers will always find something to blame. “Whatever happens they will find something to complain about it,” Séchet noted and said that the community should not lend too much attention to the slander. Check out the video in its entirety below. What do you think about the Coinspice podcast discussing the recent upgrade and the 51% attack propaganda spread by BCH critics? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Coinspice, and Arvind Narayanan’s blog “Freedom to Tinker.” Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com. The post Honest Nodes Spoiling a Theft Attempt Is Not a 51% Attack, BCH Devs Detail appeared first on Bitcoin News. View the full article

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. One of the most influential blockchain conferences – Consensus 2019 – has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more. Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems. After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining and BHD, and gave them a good opportunity to connect in person. Gary, BHD Community Initiator and Hpool COO, spoke at the gathering, stating that the POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world. He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem. In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism. Media Contact: Website: http://www.btchd.org/ Email: master@btchd.org Twitter: https://twitter.com/@btchdcommunity Telegram: https://t.me/BitcoinHDofficial Discord: https://discordapp.com/invite/pWde3gn Supporting Link http://www.btchd.org/ This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: BitcoinHD Launches New POC Consensus appeared first on Bitcoin News. View the full article

Creating a treasure hunt is a great way to introduce newcomers to the concept of cryptocurrency and to its actual application. It will teach them some of the basics like how a wallet works and give the finders their first few coins. Also Read: Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com Help New People Discover BCH With a Treasure Hunt Launching a bitcoin cash treasure hunt can be as simple as printing out a paper wallet, topping it up with some BCH, hiding it somewhere in the world and then starting to give out hints to its location on social media. However, if you want to take a more structured approach you can check out Findbitcoin.cash which will help you with the process as well as help the community track all the different challenges. Findbitcoin.cash screenshot The platform maps out all the BCH treasures available around the world as well as those which have already been claimed. It also provides a landing page for people who’ve found a treasure and now need to learn about claiming it as well as using bitcoin cash for the first time. According to a recent update on the project’s subreddit, since launching several months ago, Findbitcoin.cash has already helped with a total of 294 hidden wallets, 189 of which have been claimed in 18 countries on all continents except for Antarctica. The developers estimate that about 3-4 BCH has been hidden so far by the bitcoin cash community. Have you taken part in a bitcoin cash treasure hunt? Share your experience in the comments section below. Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com. The post How to Create a Bitcoin Cash Treasure Hunt appeared first on Bitcoin News. View the full article

China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request New Rankings From China The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 12th update of its crypto project rankings Thursday. The number of projects evaluated was unchanged from the previous rankings published in March. The center also announced that starting this month the rankings will be adjusted every two months instead of monthly. In addition to the overall ranking, the CCID published three others based on basic technology, applicability, and creativity sub-categories. EOS tops the list overall, followed by Tron, and Ethereum. The center started ranking Tron in February, debuting at number two overall and has remained at that position ever since. BTC now ranks 12th, up three places from the 15th place in the previous ranking. BCH has also improved, currently occupying the 29th spot overall, up from the 31st place previously. “The results show that the world’s three major Dapp platforms — EOS, Tron, and Ethereum — remain ranked in the top three, [and] the scores are 148.5, 144.1 and 136.6,” the CCID wrote. The center describes itself as “a first-class scientific research institution directly under the administration of the Ministry of Industry and Information Technology of China.” The first crypto ranking was released in May last year. The assessment is carried out by the CCID (Qingdao) blockchain research institute, an entity established by the CCID, in collaboration with multiple organizations such as the CCID think tank and the China Software Evaluation Center. “The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers,” the center previously explained. Sub-Rankings The overall ranking is based on the total index scores of 35 crypto projects. The total index of each crypto project is the weighted average of its three sub-indices: the basic technology index, the applicability index, and the creativity index. The basic technology sub-index accounts for 64% of the total index, while the applicability sub-index accounts for 20% and the creativity index 16%. “The basic technology sub-index mainly assesses the level of technical realization of the public chain,” the center described, adding that the key areas evaluated under this category “include the function, performance, safety and decentralization of the public chain.” The top five crypto projects in this category are EOS, Tron, Steem, Bitshares, and Gxchain. The creativity sub-index “focuses on continuous innovation in the public chain, including developer size, code updates, and code impact,” the center detailed. In this category, the top five crypto projects are Bitcoin, Ethereum, Lisk, EOS and Tron. The applicability sub-index “mainly evaluates the comprehensive level of public chain support for practical applications,” the center continued. “The assessment includes four aspects: node deployment, wallet application, development support and application implementation.” For this category, the top five crypto projects are Ethereum, Neo, Nebulas, Tron, and Ontology, which are unchanged from the previous ranking for this sub-category. “However, the data shows that the applicability indices of only 11 of the 35 public chains have increased, and the overall index has declined compared to the previous period,” the CCID noted. What do you think of these rankings? Let us know in the comments section below. Images courtesy of Shutterstock and the CCID. Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won! The post China Releases New Crypto Rankings appeared first on Bitcoin News. View the full article

Starting your own business isn’t easy given the reluctance of banks to grant credit. Gone are the days when a compelling business plan would be enough to have the branch manager shaking your hand and bankrolling your venture. For entrepreneurs in developing nations, where even obtaining a bank account can prove challenging, getting their idea off the ground often calls for non-traditional funding. Crypto-based microfinance is one such solution. Also read: Bitcoin Cash Privacy Has Improved in Leaps and Bounds Unbanked Businesses Are More Common Than You Think The unbanked are synonymous with Africa, where over 400 million adults lack access to the financial system, but can be found in their droves on every continent. In the U.S., for example, 8.5 million adults lack access to the financial system. Cryptocurrencies such as bitcoin have long been touted as a salvation for the unbanked, granting them a means of saving and exchanging value, but the benefit decentralized assets bring to small businesses is less documented. SMEs, both banked and unbanked, face financial pressure from day one, paying proportionately more for goods, import taxes, legal and administrative expenses, and compliance costs than larger enterprises. As a result, many small businesses fold long before they’ve even had a chance to challenge the incumbents. Google and Facebook’s dominance of the advertising market, for example, is steadily increasing, with the introduction of regulations such as GDPR credited with disadvantaging smaller competitors. Although most easily observed on a macro scale, it is on a micro level that this trend bites the deepest. Assetstream is a microfinance platform that assists SMEs that have been excluded by the traditional financial system. Its founder Thanin Piromward told news.Bitcoin.com: “When we hear the term ‘unbanked’ we tend to think of citizens of developing nations, but this is a problem which equally affects small businesses in these countries. They are denied access to services such as loans and other types of credit which are vital in ensuring early stage growth.” He continued: Crypto assets and the rise of social credit can remedy this lack of access through exposing SMEs to a community of lenders who are willing to assess each business on its merits, and assign capital accordingly. If Banks Won’t Lend, the People Will Traditional microfinance has helped fund businesses in developing countries, but it’s not without its drawbacks: businesses typically pay more in interest for loans allocated in this manner, exacerbated by middlemen who bloat the terms offered to startups, whose founders often have nowhere else to turn. Crypto assets can offer a more transparent, frictionless, and trust-based alternative, particularly when combined with social credit, in which participants who earn and maintain trust are more likely to be allocated capital by lenders. In the cryptosphere, microfinance assumes a number of forms, but at its core, it revolves around funding community-backed borrowers, who have demonstrated that they are of good character and sound business model. Business owners who pass these tests with flying colors can unlock capital in the form of BTC, ETH, stablecoins, or other crypto assets, with lenders receiving monthly interest payments in return. This system effectively bypasses banks altogether, which are no longer the gatekeepers that decide which businesses flourish and which are left to die. Crypto-Powered Microfinance in Action The number of crypto-based tools for small businesses is proliferating, aided by the growth of the decentralized finance (defi) movement, led by lending platforms such as Dharma and Compound. There are services such as Sweetbridge, too, which enables businesses to tokenize illiquid assets, releasing the unrealized value trapped within them, which can then be leveraged to obtain finance. Dharma’s lending rates Businesses can also utilize crypto lending services such as Cred, which lends fiat for crypto collateral, including BCH. Similar facilities are provided by Nexo, SALT, Youhodler, Ethlend, and others. These services, of course, require businesses to have access to crypto assets in the first place in order to obtain a loan. For business owners that have nothing to their name, save for some goodwill, crypto-based microfinance services such as Moeda and Assetstream bring counterparties together, enabling lenders to see where their money’s going, and borrowers to see where it’s originated. In addition to forging closer ties and increasing transparency, such initiatives help unbanked businesses obtain credit, while driving another nail into the coffin of the legacy financial system. Do you think crypto-based microfinance can help small businesses? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post How Crypto-Based Microfinance Benefits Small Businesses appeared first on Bitcoin News. View the full article

Over the last few years, privacy has become of great importance to digital asset enthusiasts as law enforcement has cracked down on money transmitters, seized coin shuffling services, and blockchain analysis has increased significantly. To thwart this, some bitcoiners have turned to mixing applications that utilize the Coinjoin protocol and other methods of obfuscation. However, the crypto community was dealt a blow on May 22 when Europol shut down one of the largest cryptocurrency transaction mixing sites, Bestmixer.io. Also read: Bitcoin.com Launches Free Bitcoin Cash Register Platform for iOS Devices Dutch Law Enforcement and Europol Shut Down Bestmixer Governments and law enforcement have always been interested in prying into people’s wallets, and the over the last decade the world has seen a significant increase in cronyism combined with surveillance capitalism. Blockchain analysis firms have sprung up and government agents have arrested people for things like illegal money transmission and laundering. As the invasion of crypto privacy has increased, cryptocurrency users have turned to coin mixing software. However, last Wednesday Europol and the Dutch Fiscal Information and Investigation Service (FIOD) revealed they had seized one of the largest crypto mixing websites Bestmixer.io. Bestmixer worked with a variety of digital assets including BTC, BCH, LTC, and ETH, letting pools of people tumble funds together to mask their origin. Dutch authorities accuse Bestmixer of mixing $200 million or 27,000 BTC. Moreover, the law enforcement task force detailed that they have gathered IP addresses, transaction details, bitcoin addresses and chat messages that they plan to analyze. The FIOD stated: This information will now be analyzed by the FIOD in cooperation with Europol and intelligence packages will be shared with other countries. BTC and BCH Supporters Mixed a Lot of Coins Over the Last Year As the cat and mouse game continues, privacy advocates within the cryptoconomy have been flocking toward shuffling software. For instance, BTC users have been using tumblers more often with software like the Wasabi wallet, Samourai, and Joinmarket. A recent study published by Longhash on April 29 estimates that 4% of BTC transactions use the Coinjoin protocol. The Coinjoin concept allows pools of people to mix coins while at the same time letting users keep control over their private keys throughout the process. Wasabi wallet, Samourai, and Joinmarket offer BTC users obfuscation but when fees are between $2-4 and rising then mixing with BTC becomes difficult. On the Bitcoin Cash (BCH) network users have been using the Cashshuffle implementation first launched on the Electron Cash (EC) wallet. On May 26, software developer Calin Culianu announced the launch of Electron Cash version 4.0.4 with Cashshuffle for Windows, Mac, and Linux. The EC 4.0.4 version with Cashshuffle also has Schnorr signing enabled by default. Cashshuffle was launched on March 27 and BCH supporters have mixed millions of dollars worth of bitcoin cash using the platform. The Cashshuffle code and process were audited by the firm Kudelski Security. Following the release, Cashshuffle has seen significant traction and BCH fans have been creating big shuffles on ‘Shuffle Saturdays.’ Cashshuffle participants broke records on May 1 by shuffling 1,774 BCH ($478K at the time). So far there’s been 8,236 shuffles since the protocol was implemented into EC and 38,530 BCH or $16.5 million at current bitcoin cash exchange rates. With Low Fees, Schnorr Signatures, and Cashshuffle, Bitcoin Cash Fungibility Is Superior To Most Crypto Assets The Bestmixer takedown was a loss to people who wanted to shuffle their coins but it was also easily seized. BTC users have the right idea by using noncustodial platforms like Samourai, Joinmarket, and Wasabi but when BTC fees rise it becomes more difficult for pools of people to mix coins. For instance, the next BTC block fee, otherwise known as the fee you pay to have your transaction mined in the next block, is $4.34 at the time of writing. BCH constantly has low fees and even when the chain processed 2.4 million transactions on Sept. 1, transaction (tx) fees remained below a penny per tx. Moreover, the Bitcoin Cash chain now has Schnorr signatures which allow for greater privacy by allowing obfuscated transactions. Lastly, Cashshuffle isn’t just for Electron Cash only as the open source protocol can be added to pretty much any wallet. Last month, EC founder Jonald Fyookball announced the release of the Cashshuffle JS library, which was a “major step” toward Cashshuffle being added to other light clients. It’s quite possible that governments will crack down on more mixing sites in the future and make it harder for centralized crypto tumblers to exist. This is why noncustodial solutions are very important and mixing can be done in a far safer fashion. In addition to the Cashshuffle software that’s available to use today, Fyookball came up with Cash Fusion, a method that coordinates Coinjoin transactions with multiple inputs per user. Between Cashshuffle, Neutrino, Schnorr signatures with payment channels hidden as ordinary payments, atomic swaps, and consistently low fees, the Bitcoin Cash chain is steadily becoming far more fungible than that of most digital assets. What do you think about the number of bitcoiners using mixing software? What do you think about the Cashshuffle protocol and noncustodial solutions? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Pixabay, FIOD, Acidsploit, stats.devzero.be, Wasabi wallet, Samourai, Joinmarket, and Cashshuffle logos. Want to create your own secure cold storage paper wallet? Check our tools section. The post Bitcoin Cash Privacy Has Improved in Leaps and Bounds appeared first on Bitcoin News. View the full article

An upcoming peer-to-peer (P2P) exchange sees massive growth and U.S. telecom giant AT&T now accepts BCH payments. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: How to Easily Find a Bitcoin Cash ATM Near You Massive Growth by P2P Exchange in Bitcoin.com’s Weekly Update This week’s edition presents the impressive growth experienced by the upcoming privacy-focused P2P bitcoin cash trading service Local.Bitcoin.com. More than 1,896 accounts and 790 orders were created within the first week of registration for the platform with the official launch coming up in less than 10 days. You can still sign up now for an account and earn 20% on all transactions completed by those who signed up with your referral link. The weekly update also covers the recent news that American telecom giant AT&T now allows its clients to pay their bills with BCH. Customers who wish to use cryptocurrency for their online payments to the company can do so by selecting Bitpay as a payment option when they log on to their online accounts or using AT&T’s app. Other topics mentioned in the episode include the Elipay payment processing system enabling payments in BCH at over 300 retailers throughout Slovenia, a newly developed plugin that will further strengthen bitcoin cash privacy and Cryptospace partnering with Bitcoin.com to grow adoption in the American market. Cryptospace recently rolled out Bitcoin Cash ATMs to Simon Malls across the United States, where users can now buy gift cards, send international money remittances, pay bills and top off cell phone minutes. Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com. The post Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com appeared first on Bitcoin News. View the full article

Any transitional period is characterized with uncertainty and crypto investors would appreciate to have some clues as to where the markets are going from here. Often the expectations of other traders are the best indicator. Buysellhodl is a platform that can give you predictions based on the opinions of people like you. Also read: Determine Which Coins Can Bring You Profit With RSI Hunter App Ranks Cryptocurrencies Based on User Sentiment Buysellhodl has developed a free mobile app for both Android and iOS devices. It is quite popular and enjoys mostly positive reviews from cryptocurrency holders. The software aggregates sentiment data and produces price predictions based on the inputs of its users, including experienced community members. When you download and install the application on your mobile phone, you’ll be able to get real-time price predictions for numerous cryptocurrencies including bitcoin cash (BCH). It classifies the assets in three categories depending on the user forecasts – buy, sell and hodl. At the time of writing, 57% of its users are advising you to buy BCH, 23% are in favor of hodling and only 20% would sell. Based on these numbers, the platform produces an aggregate rating which has been determined as “hodl” for bitcoin cash. 55% of the investors believe BCH will be worth more in the next three months and almost 60% say its price is going to rise even further within a year. Buysellhodl also shows statistics for the predictions during past periods. A Lerner Crypto Prediction Index is also produced for each cryptocurrency. It represents a sentiment indicator calculated by splitting the percentage of hodl ratings evenly between the Buy and Sell numbers and then dividing these updated percentages. The higher the result, the more positive the user sentiment. 1.0 indicates neutral sentiment and BCH is currently at 2.17. The application provides information about the current prices of all tracked digital coins as well as the price change during the past 24 hours which is displayed in percentage points. Cryptocurrencies are also listed according to their market capitalization. The Ratings page shows each coin with its current user consensus, price target for the next 12 months and how the crypto ranks among traders’ top picks. You can also use Bitcoin.com’s Bitcoin Markets to stay informed about the current state of crypto markets. The online tool provides real-time data on the prices and valuations of hundreds of digital assets. Check out our Bitcoin Charts page as well. What other price prediction platforms do you know or use? Tell us in the comments section below. Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article. Images courtesy of Shutterstock, Buysellhodl. You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BCH and BTC directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here. The post Buysellhodl Aggregates Price Predictions From Traders Like You appeared first on Bitcoin News. View the full article

At this year’s EXMA conference in Bogota on May 27-28, attendees will find that payment processor Pagos Inteligentes will allow bitcoin cash (BCH) payments at Home Burgers inside the Movistar Arena. The EXMA event is one of the biggest entrepreneurship conferences in Latin America and Pagos Inteligentes alongside its partner Xpay hopes to show EXMA participants that crypto payments are the future of money. Also read: Bitcoin.com Launches Free Bitcoin Cash Register Platform for iOS Devices Cryptocurrency Payments Will Be Highlighted at This Year’s EXMA Market Economy Conference Pagos Inteligentes (“smart payments” in English) and Xpay are bringing crypto payments to the EXMA event at the Movistar Arena on May 27-28, 2019. The Xpay payment processor system is a product provided by Panda Group that allows merchants to accept BCH, BTC, DAI, and fiat as payment for goods and services. The two teams have partnered in order to bolster an effortless payment rail for people living in Latin America. The EXMA event is well known for being one of the most popular entrepreneurship and marketing platforms in Latin America. The event in Bogota will host 60 world-class speakers including former U.S. President Barack Obama, author Ken Segall, futurist Ian Khan, digital philosopher Aric Dromi, and the Marketing Institute’s Pablo Turletti. Because Pagos Inteligentes and Xpay have recently embarked on a collaborative effort, the startups have the unique opportunity to show the potential of cryptocurrencies at EXMA by using micropayments in a practical way. EXMA 2019 attendees will be able to purchase food at the event, thanks to the recent partnership with the Home Burgers branch in the Movistar Arena, which will offer its products and services for crypto payments. The Home Burgers startup has stood out in Latin America and will receive acknowledgment at EXMA for the company’s marketing and entrepreneurship growth. To Xpay and Pagos Inteligentes, this will be a great opportunity to enable cryptocurrency payments. The Xpay team says an announcement of more Home Burgers locations that will have the crypto payment option is expected to happen as well. Hundreds of Burgers Will Be Airdropped to Attendees Who Download the Bitcoin.com Wallet Speaking with news.Bitcoin.com, Panda Group’s founder, Arley Lozano, explained there will also be an airdrop at the event for people who attend and download Bitcoin.com wallets. Lozano detailed that the airdrop will pay for roughly 600 burgers at the EXMA conference. The Panda Group founder said the special offer for Bitcoin.com Wallet users and the collaboration with Home Burgers comes with the intention to introduce new people to the crypto environment and to show how easy and comfortable it is to pay with cryptocurrencies. “Using digital currencies at Home burger will be an eye-opener for those trying crypto payments here in Colombia for the first time,” Lozano told news.Bitcoin.com. “Cryptocurrencies are a game changer for merchants all around the world and we want to show how easy it is to pay with digital currencies with Xpay and Pagos Inteligentes.” Lozano also emphasized that cryptocurrencies will get added attention at the popular EXMA conference due to the event’s popularity and President Obama’s appearance. Panda Group, Xpay and the firm’s hybrid point of sale and crypto ATM Xeler devices have been making strides in Colombia. The company recently installed a Xeler at La Tortata sweet shop in Bogota and the second Xeler at the popular burger restaurant in Cucuta, Darwinos. Panda Group also helped Athena Bitcoin install a crypto ATM in Cucuta for Colombian residents and to serve as a crypto gateway for Venezuelans near the border. What do you think about bitcoin cash being accepted for food and drinks at Home Burgers inside the Movistar Arena at this year’s EXMA conference? Let us know what you think about this subject in the comments section below. Disclaimer: Bitcoin.com is a sponsor of the burger airdrop. Image credits: Shutterstock, Xpay, Pagos Inteligentes, and Home Burgers. Want to create your own secure cold storage paper wallet? Check our tools section. The post Bogota’s EXMA 2019 Will Feature Bitcoin Cash Payments at Home Burgers appeared first on Bitcoin News. View the full article

Crypto trading has always entailed a blend of skill and good fortune, but in the frothy markets of 2019, that weighting is skewed heavily in favor of the latter. Fundamentals go out the window when there’s a surety that the latest token is going to pump at any moment. For traders with a low timeframe patience, bitcoin will always be the safer and more profitable bet. But when your friends are getting fleetingly rich on altcoins, the temptation to FOMO in can prove irresistible. Also read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations Traders Are Betting Big and Losing Large at the Crypto Casino In the drawdown that followed the excesses of 2017, traders were taught a sobering lesson. Despite vowing to change their ways, stop being greedy, and learn to take profits along the way, it appears that old habits die hard. It was a little more than two months ago that BTC broke free of the $4,000 price point it had been locked into, embarking on a mazy run that’s seen it double in price and drag the rest of the market up with it. This has brought significant cheer to the beleaguered cryptosphere, as can be seen in the sentiment score indicators by data firm Omenics, which maps the mood of the markets alongside the price of the corresponding asset. BCH sentiment score Its social sentiment score for BCH, shown in purple, has broken its previous high and is heading to the positive zone, according to data for the week ending May 21. BTC sentiment score BTC is showing similar positive signs, though there is a notable drop depicted on May 9, which Omenics attributes to the Binance hack and the reorg debate this sparked. Even though BTC has retraced a little from the year’s high of $8,300, the mood of the markets remains distinctly greedy, according to an alternative sentiment analysis service. Day Traders Are Going for Broke With IEOs launching across scores of exchanges, there’s scarcely time to agree to the T&Cs and send funds, let alone perform DD on the project and the token metrics. Meanwhile, Binance tokens are performing impressive, albeit unsustainable, feats of multiplication; matic did 8X in a little over 10 days, aided by market makers, causing trading volume to surpass 50,000 BTC and inducing unprecedented FOMO. The crash, when it arrived, was almost as vertiginous, wiping 30% off the balance of traders who arrived late to the party. The Rekt Plebs Telegram channel is filled with tales of woe from traders who lost heavily. Bitcoin is not immune to manipulation, as shown a week ago, when a huge sell order on Bitstamp was triggered to induce a wave of liquidations on Bitmex, and healthy profits for whoever shorted with high leverage. Such behavior, however, is limited to whales with the means to engage in such mischief. For the retail rest, small fortunes can be won and lost on newly listed IEO tokens and illiquid altcoins belonging to near-abandoned projects, which can be easily pumped and dumped. It’s hard to exercise restraint and apply risk management when crypto Twitter is shilling shitcoins and boasting of the sick gains they made in a day. To quote the New York Times’ infamous headline, “Everyone is getting hilariously rich and you’re not.” When the music stops, most of the current crop of crypto tokens will be as dead as those that launched last year, and every year before that, all the way back to 2014. In the meantime, though, it’s hard to resist the bright lights and bumper payouts of the crypto casino. Do you think fundamentals have much bearing on trading strategy during market mania? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post The Cryptocurrency Market Has Become a Casino appeared first on Bitcoin News. View the full article

Cryptocurrency prices have dipped slightly since our last markets update as most digital assets are down between 2-7% over the last 24 hours. Today, on May 23, the market capitalization of the entire cryptoconomy is around $237 billion and the daily global trade volume is roughly $77 billion. Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations Crypto Markets Suffer From Slight Pullback Over the last 24 hours, digital asset prices have dropped a hair, losing some of the gains obtained last week. At the moment bitcoin core (BTC) is down 2.7% for the day as well as losing 4% over the course of the week. Currently, one BTC is trading for $7,630 per coin and the entire market has a valuation of around $135 billion this Thursday. The second largest market capitalization belongs to ethereum (ETH) and each coin is swapping for $238. Ripple (XRP) is trading for $0.37 per coin and XRP markets are down 4.9%. The fifth largest market cap is held by litecoin (LTC) as each coin is trading for $86 but market prices have lost 3.9% today. Both LTC and EOS have been fighting for the fifth position over the last few hours, with market caps that are almost identical. Bitcoin Cash (BCH) Market Action Today bitcoin cash (BCH) markets are down 4.8% and roughly 5% over the last week. At press time, one BCH is swapping for $384 per coin and has a market valuation of around $6.87 billion. Right now, global BCH trade volume over the last day has been around $2.65 billion and BCH holds the fifth highest trade volume on May 23. The top five exchanges trading the most bitcoin cash are Coinbene, P2pb2b, Bitmart, Binance, and Huobi. Tether (USDT) is the most dominant currency pair with BCH, capturing 47% of today’s trades. This is followed by BTC (28.5%), USD (10.7%), KRW (8.5%), JPY (1.79%), EUR (1.72%), and ETH (0.54%). BCH/USD Technical Indicators Looking at the BCH/USD chart on Kraken shows BCH bulls have been showing some exhaustion after gathering decent momentum last week. Both 4-hour moving averages and oscillators currently show bearish sentiment and uncertainty is in the air. The Relative Strength Index (RSI 41.54) is impartial at the moment but the MACd, a momentum oscillator that subtracts the longer-term moving average from the shorter-term moving average, shows some losses could take place in the short term. The two Simple Moving Averages (SMA), both long and short term, are once again edging toward crossing hairs. If the 100 SMA drops below the longer term 200, a bullish-to-bearish trend change could come to fruition. The Ichimoku Cloud (9, 26, 52, 26) baseline indicates the price may correct a hair in the short term. Order books show today’s resistance for BCH rests above the $390 mark, and again at the $420 zone. On the backside, if bears manage to leverage the bulls’ exhaustion, they will encounter foundational resistance at the current vantage point and $345 region. Are Crypto Markets Following the Footsteps of the Past? Cryptocurrency markets have been extremely volatile lately and after each price gain seen posted across most crypto asset markets, the bullish momentum begins to taper. Three days ago, a technical analyst from JP Morgan argued that BTC prices have touched overbought conditions. “Over the past few days, the actual price has moved sharply over marginal cost,” explained Nikolaos Panigirtzoglou, global market strategist at JP Morgan. “This divergence between actual and intrinsic values carries some echoes of the spike higher in late 2017, and at the time this divergence was resolved mostly by a reduction in actual prices.” It seems many traders are still undecided on whether or not the bull run has begun and many are simply sticking to intra-day and scalp profits from the recent volatility. Where do you see the price of bitcoin cash and the rest of the crypto markets heading from here? Let us know what you think about this subject in the comments section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, Bitcoin.com Markets, JP Morgan, and Coinlib.io. Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper appeared first on Bitcoin News. View the full article

Cryptocurrency ATMs are a convenient way to get your hands on digital assets without opening an account with an exchange. Here’s how to easily find an ATM supporting bitcoin cash (BCH) transactions near you, wherever you are in the world. Also Read: How to Buy Pizza With Bitcoin Cash Put BCH ATMs on Your Radar There are more than 1,600 ATMs that offer the buying or selling of bitcoin cash (BCH) all around the globe. To find your nearest location, you can check out Coin ATM Radar, a service that lists and maps the cryptocurrency kiosk machines. Besides the website, the platform includes an app for iOS and Android mobile devices so you can find a BCH ATM right on your phone. If you know of a bitcoin cash kiosk which is not listed on Coin ATM Radar you can submit the location to be added to the service. And if you find out that no such machine exists in your area, you can even go one step further and order one from one of the many cryptocurrency ATM providers that support BCH and go into the business yourself. Have you used a cryptocurrency ATM to buy bitcoin cash? Share your experience in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com. The post How to Easily Find a Bitcoin Cash ATM Near You appeared first on Bitcoin News. View the full article

SEC guidance has created a more attractive environment for regulated tech firms like Facebook to offer proprietary cryptoassets integrated into their existing products that can be legally traded on existing crypto-exchanges as non-securities. Meanwhile, the SEC has targeted startup cryptos for increased scrutiny. Also Read: SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending The crypto community’s reaction to last month’s SEC guidance ranged from shrugs to consternation. SEC Commissioner Hester Peirce mused that the 38-factor test may “raise more questions than it answers”. These factors, adding to what is referred to as The Howey Test, not only can lead to serious legal ramifications for cryptoasset promoters, including ending their projects and returning investor funds, but also determines whether or not exchanges can list a cryptoasset without violating US securities laws. It can thus mean life or death for projects like KIK, which announced last week that it had sunk $5M into battling the SEC over Howey, after its CEO lamented “spend[ing] more time designing for the SEC than for [it’s] users.” However, since there was apparently little relief for existing crypto projects, the guidance does beg an important question: why issue it in the first place? The Central Network Recent news from Silicon Valley may shed some light. On May 17, after hiring two Coinbase compliance managers, Facebook formed a Swiss subsidiary to house its new “Project Libra,” a cryptocurrency project pegged to the US dollar apparently incorporating payment processors Mastercard and Visa. Libra may also reward users for watching advertisements, making it similar to the Basic Attention Token (“BAT”) cryptocurrency startup that raised $35 Million in 40 seconds in May of 2017, built to reward viewers and facilitate microtransactions on its privacy-focused “Brave” browser. The sheer scale of impact on cryptoasset markets and global payment flows that widespread use of a native Facebook token would have is hard to overstate. Facebook’s 2.38 billion monthly active users constitute nearly a third of the planet’s population, dwarfing the footprint of all combined cryptocurrency projects. This prospect, which has garnered surprisingly little interest from the crypto community, should give pause to everyone from altcoin enthusiasts to ardent Bitcoin maximalists. For those enthusiastic about the proliferation of new payments systems of any stripe, this is exciting news. However, for those in favor of decentralized cryptocurrencies, this should raise alarm bells, particularly in light of Facebook’s repeated demonstration of a lack of respect for individual privacy, an overtly censorious attitude, and a penchant for dishonesty — all of which are meant to be disintermediated by the censorship-resistant platforms that cryptocurrency advocates hope will eventually take over as value-transfer mechanisms. If even a small percentage of Facebook users adopt its cryptocurrency and use it to access crypto-exchanges, it may lead to an unprecedented expansion in cryptoasset users and increase in prices, while giving a centralized party (namely Facebook and Mark Zuckerberg) unparalleled leverage over the familiar exchanges, wallets, and other relatively small-scale service providers that have sprouted up in the past decade. Unfriending Startup ICOs? In contrast to Facebook, most cryptoasset projects, like BAT, start from scratch. Created by Mozilla co-founder Brendan Eich, BAT plans to use its $35 million in ICO funds to incentivize its team and build a decentralized platform. Born from Mozilla’s non-profit open-source mentality, the platform will be designed to “disrupt” the digital advertising industry by directly connecting users, publishers, and advertisers, thereby disintermediating the likes of Google and Facebook. This startup ICO funding mechanism has characterized many of the most celebrated and successful crypto projects, as well as most notorious scams. However, according to the SEC guidance, a token like BAT — where the promoter “retains a stake or interest in the digital asset”, or where they “distribute digital asset as compensation to management” — will be more likely deemed a security than Libra, for which Facebook has $44 billion in cash reserves to pay. Similarly, the SEC now says a token is more likely to be a security when the promoter has “raised an amount of funds in excess of what may be needed to establish a functional network or digital asset,” where the promoter can “benefit from its efforts as result of holding the asset,” where it “continues to spend funds from proceeds or operations” to enhance the network, and where the future value of the network and promoter’s expertise are included in fundraising documentation, all of which may apply to offerings like BAT but probably not Libra. Moreover, the SEC is also more likely to see a security where there is a “promise (implied or explicit) to build a business or operation” — such as BAT’s platform — “as opposed to delivering currently available goods or services for use on an existing network” — such as Facebook’s. Furthermore, the SEC maintains that if an asset is offered “broadly to potential purchasers,” as BAT’s offering was, “as compared to being targeted to expected users of the goods or services who have a need for the functionality of the network,” it is more likely to be deemed a security. This is more good news for Facebook, which appears to be targeting users on Messenger, Facebook, and Instagram for Libra. “Community Standards” In perhaps the most telling of the guidelines, the SEC says it is less likely to consider a cryptoasset a security when it is “designed” such that “its value will remain constant or even degrade over time.” The SEC is further likely to find a digital asset to be a non-security when it “acts as a substitute for fiat currency,” and “can currently be redeemed within a developed network or platform to acquire or otherwise use those goods or services.” Given that cryptocurrencies emerged in the wake of the financial crisis of 2008 as an alternative to the fiat-based global financial system centered around Wall Street, US regulators agreeing to lay down their arms for crypto-offerings that do not have the deflationary mechanism and intentional scarcity that gives Bitcoin its value may not be the embrace of cryptocurrencies that it was believed to be. Rather, it is reminiscent of the common 2015 refrain from legacy financial institutions and government agents that “it’s not about bitcoin [or cryptoassets], it’s about the underlying blockchain technology.” Now it appears that cryptoassets are also fine, so long as they do not rise in value, and especially if they are offered by a company listed on a major stock exchange that is part of the fiat-based global financial system centered around Wall Street. Zuckbucks or Bust Encouraging publicly-traded US firms that launched successful IPOs — and are thus already under the SEC’s supervision — to enter and hold sway in the cryptocurrency space conforms to key SEC policy interests. During 2017 and 2018, thousands of ICOs raised a combined $15 billion, up from less than $100 million in the two years prior, while the number of US-based IPOs has remained under 200 since the 2008 financial crisis, less than half the dot-com bubble highs. Recent indicators suggest that a record setting 80% of ICOs were unprofitable in 2018, with tepid responses to the mega-IPOs of Uber and Lyft in 2019. For their part, ICOs are increasingly occurring outside the US, with British Virgin Islands, Cayman, and Singapore capturing a combined $7.6 billion, or 60% of ICOs in 2018. Simply lowering barriers to entry for IPOs, one approach the SEC appears to be entertaining, may be an attempt to downplay the million dollar IPO sticker shock in an environment where the off-shore ICO model is increasingly attractive. In this context, it appears the SEC is in a difficult position; forced to decide between shrinking its mandate of protecting US investors by unilaterally weakening Howey to incentivize on-shore ICOs, some of which will undoubtedly lead to serious consumer fraud, or forcing ICOs off-shore by subpoenaing, litigating frauds, and “stifling” with its lack of clarity. However, if tokens like Libra, launched by a publicly-traded, SEC-compliant, multinational corporation became dominant, it could allow the SEC and other regulators to exert second-order influence across the still nascent cryptoasset markets and services industries. None of this, however, is to imply the SEC is directly intending to stifle innovation or entrepreneurship. Although not relying on clear precedent in every instance, nothing within the guidance falls outside the spirit of Howey. Moreover, the SEC, as a prosecutorial body, is expected to draw the broadest possible interpretation of the law in favor of a finding that an offering is a security. Publicly stating that certain activities are within its jurisdiction does not make law, whereas stating that activities are outside of its jurisdiction could serve as a defense against prosecution and weaken its hand. Therein lies a potential purpose: many of the areas that the SEC appears to have exempted in its guidance are previously gray areas that existing Big Tech firms may now seek to occupy. As publicly traded multinationals like Facebook are unable to wade into the gray areas where startups tread, this may have been a necessary step to pave the way for Libra. Now the crypto community, like it or not, has a choice: prepare for Libra or get Zucked. What do you think about this subject? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com. The post Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech appeared first on Bitcoin News. View the full article

On May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted two U.S. copyrights for the original Bitcoin white paper and version 0.1 of the cryptocurrency’s code. Meanwhile, the U.S. Copyright Office specifically addressed the matter in a press release which emphasized the agency “does not investigate the truth of any statement made.” Also Read: “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark Craig Wright’s Copyright Proof Attempt Fails to Sway the Greater Crypto Community Yesterday the crypto community was up in arms after Craig Wright detailed that he was granted two U.S. copyrights for the Bitcoin white paper and code. The two copyrights can be seen publicly with registration no. TXu 2-136-996 and also no. TX-8-708-058. Of course, most digital asset enthusiasts thought the effort was yet another lackluster attempt from Wright to try and prove he’s Satoshi. Many individuals on social media simply laughed at the copyright announcement. Alongside this, a few other crypto community members detailed that the copyrights were meaningless. Coin Center founder Jerry Brito explained that the U.S. Copyright Office does not investigate the validity of claims like these and they simply just register it. “Unfortunately there is no official way to challenge a registration — If there are competing claims, the Office will just register all of them,” Brito added. Moreover, back when Satoshi released the protocol, the code was released under the open source MIT license. This means that Bitcoin is free to distribute the software to any individual or organization and everyone has no limitations to what they can do with the software. Essentially anyone can use, copy, modify, merge, publish, distribute, sublicense, and fork the Bitcoin software. Furthermore, there is a copyright notice from Satoshi established under the MIT licensing back in 2009, which gives developers the freedom to use the code in any manner. Then over the last few years, there’s been a slew of other individuals who have registered and have been granted copyrights to the Bitcoin software and it’s associated paper. Wright is not the first to attempt to copyright Bitcoin and it’s white paper. The Hawaiian Who Registered the White Paper Before Wright There’s Ronald Keala Kua Maria, a resident from Hawaii who copyrighted the Bitcoin white paper, back in August 2016 with registration no. TXu 002037698. News.Bitcoin.com reported on Kua Maria claiming to be Satoshi Nakamoto back in June 2018. Not only did Kua Maria copyright the white paper, but he also copyrighted a decent number of other trademarks and words like “Bitcoin Cash.” Additionally, Kua Maria owned a bunch of Bitcoin-related domains such as thesatoshinakamoto.com, bitcoincopyrights.com, bitcoincashcopyright.com, bchcopyright.com, and others. When we first wrote about Kua Maria, most of his domains redirected to his home page rkm.world. One interesting thing to note about one of Kua Maria’s domains (http://www.bitcoincopyrights.com) is that it now redirects to a BSV website. Ronald Keala Kua Maria also believes he is Satoshi Nakamoto and has also copyrighted Bitcoin’s white paper and a slew of other copyrights. Kua Maria also owns quite a few Bitcoin-related domains. U.S. Copyright Office Responds to ‘Certain Bitcoin Registrations’ After all the commentary and jokes on social media channels, the U.S. Copyright Office issued a statement concerning the matter. In the press release called “Questions about Certain Bitcoin Registrations,” the agency detailed that it “does not investigate the truth of any statement made.” The Copyright Office continued by adding: A registration represents a claim to an interest in a work protected by copyright law, not a determination of the truth of the claims therein. It is possible for multiple, adverse claims to be registered at the Copyright Office. The Copyright Office does not have an opposition procedure for copyright registrations, such as the procedures available at the Patent and Trademark Office for patents and trademark registrations. Essentially after addressing that multiple registrants have copyrighted certain technologies, the agency said that it’s really up to the “federal courts, including disputes over authorship of a work.” Moreover, when it comes to works created by a pseudonym with a moniker like Satoshi Nakamoto, the Copyright Office “does not investigate whether there is a provable connection between the claimant and the pseudonymous author.” The U.S. Copyright Office also details that correspondence between Wright and the agency is part of the public registration record. Furthermore, the well known libertarian writer and patent attorney, Stephan Kinsella, told his social media followers that the copyright proves nothing. “As I’ve pointed out for days now on Twitter threads, such assertions are ridiculous and misrepresent the way copyright works — Because most people don’t understand how copyright works, when they hear that the Copyright Office “registers” or “approves the registration” of a works this somehow means the government has issued a copyright to the applicant and verified their authorship etc,” Kinsella opined. The patent attorney and intellectual property expert further detailed: None of this is true. Copyright registration is a simple procedure that does not prove copyright or authorship and does not prove anything at all, especially when done more than 5 years after the original work was published. The crypto community was once again not only disheartened by Wright’s attempt to copyright open source software, but most have also been dumbfounded by the extraordinary hoops he’s gone through to prove he is Satoshi. From the BBC interviews to the cover of GQ, Wright has gone to great lengths to prove he is the inventor of Bitcoin. The process could be much easier for him or for anyone to prove the existence of Satoshi by simply signing a message tied to the genesis block or moving some coins. Every single attempt Wright has made to prove he is Satoshi so far has been refuted and mocked by the greater crypto community. The copyright undertaking that costs $55 per registration for the white paper and some of the open source code is no different. What do you think about Wright’s latest copyright proof attempt? Let us know what you think about this story in the comments section below. Image credits: Shutterstock, Twitter, Github, rkm.world, and the U.S. Copyright Office online database. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Markets.Bitcoin.com, another original and free service from Bitcoin.com. The post US Copyright Office Responds to Craig Wright’s Bitcoin Registrations appeared first on Bitcoin News. View the full article

Every year on May 22, the cryptocurrency community marks this day in 2010 when Laszlo Hanyecz purchased two pizzas for 10,000 bitcoins. To help you celebrate Pizza Day, here are a variety of options to buy to pizza with bitcoin cash (BCH) in different countries around the world. Also Read: How to Check Median BTC and BCH Transaction Fees How to Buy Pizza With BCH on Bitcoin Pizza Day 2019 One of the simplest ways to pay for pizza with bitcoin cash (BCH) in the U.S. is to get a gift card for you favorite joint on the Bitcoin.com Store. Here you can order cards for use in major national chains such as Domino’s and Papa John’s as well as smaller regional options. To find a place selling pizza for BCH in Europe you can check out your country’s local branch of Takeaway.com. The Amsterdam-headquartered company operates over a dozen international food delivery websites and apps and a number of them accept BCH such as Germany’s Lieferando.de, Poland’s Pyszne.pl, and the Netherlands’ Thuisbezorgd.nl. If you are living or visiting Seoul, South Korea, you should check out Shuttle Delivery, which enables users to spend BCH in more than 200 restaurants in the area. This South Korean food delivery platform offers an app in Korean and English and supports Android and iOS devices. To find a nearby pizza-serving BCH-friendly establishment wherever you are in the world, use the Marco Coino app. Where can you get a pizza for bitcoin cash in your area? Share your experience in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com. The post How to Buy Pizza With Bitcoin Cash appeared first on Bitcoin News. View the full article

An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s definition of currency. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Latest Court Ruling on Nature of Bitcoin An Israeli central district court reportedly ruled in favor of the country’s tax authority Monday, recognizing bitcoin as a financial asset and not a currency. Profits on its sale in Israel are therefore subject to capital gains tax. Judge Shmuel Bornstein simultaneously rejected an appeal by the founder of a blockchain startup who argues that bitcoin should be considered a currency, so the proceeds from its sale should not be subject to taxation. Globes daily financial newspaper reported Tuesday: The Central District Court in Lod accepted the tax authority’s interpretation, and held that bitcoin is an asset and not a currency, and that the transaction in question is therefore taxable. Emphasizing that the status of bitcoin is still undefined in the country, the judge stated in his ruling that “it was hard to envisage a result whereby bitcoin would be considered a currency for tax purposes in particular,” the news outlet conveyed, noting that the case could reach the supreme court. Itay Bracha, managing partner at Israeli law firm Bracha & Co. and the head of the firm’s tax department, shared his thoughts with local daily business newspaper Calcalist. He said: “The ruling is a signal to all those who have yet to report cryptocurrency-related profits or based their actions on differing legal advice … The ruling is unequivocal, and since it is not new legalization but a judicial interpretation, it applies retroactively.” The Case According to reports, the case involves Noam Copel, founder of blockchain startup DAV. “We’re building a decentralized infrastructure to revolutionize the transportation industry on the blockchain,” the company’s website explains. Globes reported that Copel bought BTC in 2011 and sold them in 2013 for a profit of approximately NIS 8.27 million (~$2.29 million). Asserting that his profits should not be subject to capital gains tax, he told the court: Bitcoin should be classified as a foreign currency, and that his profits should be seen as exchange rate differences received by an individual not in the course of a business, and therefore should not be taxed. However, the Israel Tax Authority disagreed, proclaiming that bitcoin is not a currency under the central bank’s definition, so it cannot be a foreign currency as suggested by Copel. Instead, the agency claims that cryptocurrency falls under the definition of an asset, therefore profits on its sale are subject to capital gains tax. Monday’s court ruling obligates Copel to pay tax of about NIS 3 million, the news outlet estimated. Central Bank’s Definition of Currency The court accepted the tax authority’s position that the definition of “currency” should be the one defined by the country’s central bank which does not apply to crypto assets. The agency affirmed that bitcoin is not a currency from both accounting and economic aspects, stating that “its valuation is extremely volatile, any related investments carry high risk, its use is severely limited and restricted mostly to unlawful entities, and it is not used as a benchmark for value,” Calcalist wrote. Copel, on the other hand, believes that from both aforementioned aspects, “the trust users put in bitcoin and its use as both a payment method and to benchmark value means it should be considered a currency.” After listening to both sides of the argument, the judge rejected Copel’s appeal and ruled that he “had failed to demonstrate that bitcoin met this definition [of currency], or that it represented a real alternative to coins and notes in any country,” Globes described. Bittax founder Gidi Bar Zakay, former Deputy Director of the Israel Tax Authority and currently director of the Israeli CPA Association, said that Monday’s ruling was based on current law, elaborating: In my view, what will ultimately determine whether bitcoin is a currency is the reality test. As soon as its use becomes widespread, the legislature will have to rewrite the law in such a way as to accommodate this. He added that when that happens, “we shall all benefit from these technological and monetary developments and from the ability of bitcoin and other cryptocurrencies to serve as efficient, trustworthy, and widely accepted means of payment.” He further opined: “the way to that lies through the regulator. If the enforcement agencies feel comfortable with the coin, and use blockchain analysis tools that make it possible to meet standards of money laundering prevention and tax avoidance prevention in a more reliable and efficient way than is the norm today, the road to it becoming a widespread means of payment will be open.” Cryptocurrency Taxation The Israel Tax Authority has long considered cryptocurrency an asset subject to capital gains tax. In December last year, Calcalist reported that the agency had been cracking down on the unreported crypto earnings of hundreds of Israelis, sending notices to those whose activities raised suspicion. “The authority will continue to seek out unreported [crypto] earnings,” said Eran Yaakov, the head of the Israel Tax Authority, in reply to the news outlet’s request for comment. The publication explains: Cryptocurrencies are not defined as a currency but as a financial asset in Israel. As such, trading in cryptocurrencies is subject to a capital gains tax of 25%-30% in the country. In July last year, the tax authority reportedly reached an agreement on obtaining information on crypto transactions with Bits of Gold, an Israeli cryptocurrency exchange with about 50,000 users. The exchange will share information about traders who have made transactions of $50,000 or more over a 12-month period. The authority has also approached other platforms for the same purpose. While Israeli law requires financial institutions to report fraudulent transactions and suspicious activities to the Israel Money Laundering and Terror Financing Prohibition Authority, sharing data with the tax authority is not mandatory. Tomer Niv, Chief Growth Officer at Bits of Gold, clarified that his exchange only transfers “the information we are required by law … in order to protect the privacy of customers on the one hand, and [comply with] the provisions of the law on the other.” Central Bank’s Position and Global Standards Nadine Baudot-Trajtenberg, who served as Deputy Governor of the Bank of Israel from March 2014 to the end of February, said in January last year that the central bank had been studying cryptocurrency. However, she revealed that not much had been learned from other countries’ regulations “since no regulator anywhere in the world had issued guidelines to the banking system on how to act in relation to customers’ activity in virtual currencies,” Reuters conveyed. She was further quoted as saying: There is a real difficulty in issuing sweeping guidelines to the system regarding the proper way to estimate, manage, and monitor the risks inherent in such activity … Beyond the risks to the customer there are also compliance risks to the bank. In December last year, Israel became a full member of the Financial Action Task Force (FATF), an intergovernmental organization which focuses on developing policies to combat money laundering and terrorism financing. The FATF currently has 36 member jurisdictions and 2 regional organizations, including the European Commission. In February the organization urged its member countries to regulate crypto exchanges like commercial banks, elaborating: For the purposes of applying the FATF recommendations, countries should consider virtual assets as property, proceeds, funds, funds or other assets, or other corresponding value. Do you agree with this Israeli court’s ruling? Let us know in the comments section below. Images courtesy of Shutterstock. Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won! The post Israeli Court Rules Bitcoin Is an Asset appeared first on Bitcoin News. View the full article

On May 20, Eligma showed off its Elipay service, a crypto payment processing system that allows people to pay for products and services with cryptocurrencies at over 300 retailers in the region. The grand opening of Elipay’s Croatian launch started with the first transaction made by Bitcoin.com’s CEO, Roger Ver, at the five-star Navis Design Hotel. Also read: Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy Using the Elipay System to Purchase Goods and Services With Crypto in Croatia On Monday, Croatia got a crypto boost during a grand opening event that showcased a few Elipay merchants. The Elipay system allows for payments with crypto at both online and physical stores throughout the area. The Elipay mobile application integrates with existing Point of Sale (PoS) merchant systems and the platform was already supported by hundreds of locations in Slovenia. The first transaction in Croatia took place at the Navis Design Hotel located in the seaside town of Opatija. Bitcoin’s first angel investor and Bitcoin.com CEO Roger Ver used bitcoin cash (BCH) to pay for his stay at the Navis Design Hotel. “[Roger Ver] is visiting Slovenia and Croatia in the scope of the partnership between Eligma and Bitcoin.com,” the company’s blog post mentioned. Eligma continued: Great news for all Bitcoin.com enthusiasts: At all 300+ locations accepting Elipay, you are now also able to pay with the Bitcoin.com Wallet, also in Croatia, of course. Elipay has onboarded over 300 online and physical merchants in Slovenia and Croatia. About 1/3 of those merchants are located in Bitcoin City. The New Elipay System Helps Grow Crypto Adoption The Elipay service offered by Eligma is available for Android and iOS mobile phones. Elipay supports cryptocurrencies like ETH, BCH, BTC, and the company’s native token called ELI. Out of the 300+ locations that accept cryptocurrencies, Eligma CEO Dejan Roljic told news.Bitcoin.com during the first week of April that about one third of the crypto accepting merchants are located in Bitcoin City. The notorious Slovenian crypto-metropolis is well known for being one of the most concentrated areas of cryptocurrency-accepting merchants worldwide. According to the merchant application Marco Coino, Slovenia has the most BCH merchants globally which is followed by other large concentrations like North Queensland, Australia, and Japan. After Ver made the first crypto purchase at the Navis Design Hotel, he was also seen spending bitcoin cash at one of the largest Slovenian stores called Tuš market. Ver was again the first individual to pay with crypto at the store using the Bitcoin.com Wallet and Elipay service. The picture of Bitcoin.com’s CEO shared on Twitter shows him with a whole shopping cart full of groceries that are about to be purchased with bitcoin cash. Ver arrived in Ljubljana to visit the local BCH meetup on Tuesday in order to discuss the many benefits bitcoin cash has to offer the world. Roger Ver using the Elipay system and bitcoin cash to pay for accommodations at the five-star Navis Design Hotel and at the well-known Tuš market. Ver has been relentlessly pushing bitcoin cash adoption nearly everywhere he goes. Just recently he announced the Tokyo-based Alliance Cargo Direct would be adding BCH and the SLP token ACD at thousands of online and brick-and-mortar retailers. Now with the recent push in Croatia and Slovenia, BCH and other cryptos have more merchant acceptance to rely on. Eligma plans to continue adding merchant partners to the Elipay system in order to grow internationally. The startup wants to take the crypto shopping experience to a whole new level by making cryptocurrency payments user-friendly. Eligma recently started a project called Eligmalabs and partnered with the firm Spartan Solutions this past March. Additionally, the company has detailed that in the future, debit cards, credit cards, and loyalty programs will be integrated into the Elipay system. What do you think about the first crypto transactions using the Elipay payment service in Croatia? Let us know what you think about this subject in the comments section below. Disclaimer: Eligma has a strategic cooperation with Bitcoin.com. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only. Image credits: Shutterstock, Eligma, and Twitter. Now live, Markets.Bitcoin.com: A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today. The post Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia appeared first on Bitcoin News. View the full article

Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH IRS Pressured to Issue New Crypto Tax Guidelines In September 2018, news.Bitcoin.com reported on a group of U.S. bureaucrats who sent a formal letter to the IRS asking for more clarification in regard to the way cryptocurrencies are taxed in America. U.S. representative Kevin Brady, Tom Emmer and a variety of other state officials insisted in the letter that digital asset taxation needs clearer guidelines. Since the tax agency’s official statement in 2014, the current guidance for taxpayers is to file each and every transaction executed when using a cryptocurrency as each transaction is considered a taxable event. Meanwhile, in the U.S., cryptocurrencies are also taxed under traditional capital gains laws that apply to property investments. The letter from various representatives notes that most officials believe the IRS should have no problem issuing a comprehensive virtual currency strategy for taxes. “[We] strongly urge the IRS to issue updated guidance, providing additional clarity for taxpayers seeking to better understand and comply with their tax obligations when using virtual currencies.” the letter read. Acceptable Methods of Calculation and the Tax Treatment of Forks IRS commissioner Charles Rettig responded with an official statement which explains that the tax commissioner agrees with the request and the agency plans to issue tax guidelines soon. “I share your belief that taxpayers deserve clarity on basic issues related to the taxation of virtual currency transactions and have made it a priority of the IRS to issue guidance,” Rettig wrote in response to the request from congressional leaders. Rettig’s letter details that the IRS issued Notice 2014-21, which essentially says that cryptocurrencies like bitcoin are to be treated as property. This means that existing tax statutes that apply to property transactions also pertain to virtual currencies. However, Rettig’s response notes that things have changed since then and virtual currency use as a medium of exchange and as an investment vehicle have continued to develop. The IRS commissioner details that the tax agency has received “numerous comments in response to the notice (2014-21)” and the IRS claims to be working with “internal and external stakeholders.” The stakeholders and the IRS have been identifying areas that need guidance. According to the IRS, there are three identified areas underscored by Rettig’s letter and the new guidelines should include: Acceptable methods for calculating cost basis. Acceptable methods of cost basis assignment. Tax treatment of forks. “We have been considering these issues and intend to publish guidance addressing these and other issues soon,” Rettig wrote. Following the letter, congressman Tom Emmer (MN-06), a member of the Congressional Blockchain Caucus and coauthor of the initial letter, replied back to the IRS commissioner. “I am glad to hear of the IRS’ plans to issue guidance on this important issue — Taxpayers deserve clarity on several basic questions regarding federal taxation of these emerging exchanges of value,” Emmer’s correspondence said. “I look forward to seeing their forthcoming proposal, and working together to serve the American taxpayers.” The original bi-partisan letter from U.S. representatives expressed hope for more guidance from the IRS with a deadline for May 15, 2019. People have been complaining about the lack of well-defined tax guidelines for quite some time as many Americans believe the process is confusing. Further, the IRS has had no issues with the enforcement aspect of making people pay up and the agency has regularly sought to remind taxpayers of the penalties for non-compliance. The tax entity has also applied criminal prosecution to U.S. residents who have failed to ‘properly’ report their income tax in regard to virtual currency transactions. What do you think about the IRS Commissioner’s response letter to the bi-partisan representatives? Let us know what you think in the comments section below. Image credits: Shutterstock, Pixabay, and the IRS. Now live, Markets.Bitcoin.com: A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today. The post IRS Plans to Issue Guidance on Virtual Currency Taxation appeared first on Bitcoin News. View the full article

Online presence is essential for any business today and especially for projects that deal with cryptocurrencies. Abaco Hosting offers this type of solutions to small and medium enterprises, and companies from the crypto industry can take advantage of its flexible payment options. They include support for major digital coins such as bitcoin cash (BCH). Also read: How to Travel the World With Bitcoin Cash Internet Services Company Accepts Bitcoin Cash Abaco Hosting is a provider of domain, hosting, server, email and cloud services. You can transfer your existing domain to the platform or use it to register a new one. Try the website’s name suggesting tool in case the desired domain name has been registered already or to check domain availability for a specific name. Available domains are listed by categories such as Most Popular, Generic, Business, and many more covering different sectors of the economy and society. Use the platform’s search feature to find the one that suits your needs the most. Prices vary between domains and .com is currently offered for a $12 annual fee. With every domain, customers get a free domain forwarding service. The option which allows you to mask your URL can be activated or deactivate at any time. The platform also provides 2 free email accounts with your domain and unlimited redirection of emails to a destination of choice. That includes a mailbox manager, autoresponders and spam protection. Three different packages and pricing plans are available for cloud services. The Personal Cloud plan which hosts one website and supports 25,000 monthly visits will cost you $10 a month. Then there’s also a Business Cloud plan hosting unlimited sites with 300k visits for $13 and a Pro Cloud plan with 500k visits at $19 a month. Abaco Hosting accepts fiat payments through credit cards and Paypal but it also takes a variety of digital coins including major cryptocurrencies such as bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC) and others. “After a lot of demand we have decided to accept Bitcoin Cash,” its team explains in an announcement noting that it’s joining other progressive vendors of online services. You can pay for domain registration, web hosting, VPS’s, dedicated servers and reseller hosting with BCH. For more ideas about products and services you can buy with BCH, visit Bitcoin.com’s Spend Bitcoin Cash page. The online store allows you to shop for apparel and bitcoin branded accessories, purchase gift cards for major brands and retailers or buy a hardware wallet at a discounted price. Have you paid for domain and hosting with cryptocurrency? Do you know other internet services companies accepting bitcoin cash? Tell us in the comments section below. Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article. Images courtesy of Shutterstock, Abaco Hosting. You can now easily buy Bitcoin with a credit card. Visit our Purchase Bitcoin page where you can buy BCH and BTC securely, and keep your coins secure by storing them in our free Bitcoin mobile wallet. The post You Can Pay With BCH for Your Domain From Abaco Hosting appeared first on Bitcoin News. View the full article