The trial and conviction of Ross Ulbricht for his administration of the Silk Road darknet market represented a landmark event in cryptocurrency. For many, the investigation and sentencing were a contradiction to the commonly held belief that cryptocurrency and activities involving cryptocurrency could not be regulated by the government. For others, the injustices and illegalities of the proceedings confirmed peoples’ beliefs that law and order is not what it’s claimed to be.
The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments.
What Doesn’t Kill Bitcoin Makes It Stronger
The recent spate of crypto exchange hacks, ongoing regulatory issues, and reports of an investigation into possible price manipulation have sent the price of Bitcoin – and nearly every other cryptocurrency – tumbling. Despite these setbacks, the growing consensus is that, given Bitcoin’s inherent resiliency, developments taking place in both technical and financial arenas will enable Bitcoin’s value to retake its ascending trajectory with even greater intensity.
An attempt to sue Bitcoin.com over allegedly “fraudulently” presenting altcoin Bitcoin Cash (BCH) as Bitcoin (BTC) has gained support from over 1000 people.
Bitcoin.com And Bitcoin Cash: Enough Is Enough?
The dedicated Telegram group made up of organizers and those who have lost money due to the cryptocurrency news and information outlet’s practices current holds 1016 members at press time April 30.
The group has existed less than a week, but already features well-known cryptocurrency figures including Charlie Shrem and Richard Heart, as well as Nakamoto Institute founder Pierre Rochard and entrepreneur Alistair Milne.
Most altcoins tend to ride Bitcoins coattails a bit when the world’s leading cryptocurrency rises in value. This concept also applies to most currencies which “forked” off Bitcoin in the past few months. The Bitcoin Private price, for example, is trying to surge but still fails to gain any real traction. Despite the neglectable trading volume, the Bitcoin Private price is going through solid upward momentum.
Bitcoin may be trading at all-time highs, but not everybody is celebrating. Crypto-loving gamers everywhere have their headsets in a twist after Valve, the parent company of popular online gaming platform Steam, announced today that they will no longer be accepting Bitcoin payments.
Citing the digital currency’s extreme price fluctuations in recent months, as well as increased transaction fees, Valve stated that it has become “untenable” to continue supporting Bitcoin as a payment option.
The announcement, made via a blog post on Steam’s website, explains:
Bitcoin adoption hinges on two core principles: merchant adoption, and consumer awareness. Over the course of the past two years, merchant adoption has steadily increased all over the world, while consumer awareness remains something that still needs to be worked on. Little over 24 hours ago, news broke that gaming industry giant G2A.COM is now accepting Bitcoin payments.
Make sure to read: RibbitRewards Digital Wallet Adds Ethereum Support – Ripple Integration Soon
We have been asked a lot of questions by non crypto users about Bitcoin and what you can do with it. Some people we spoke to referred to it as “useless fictitious monopoly money”. When we asked how some of these people came to that conclusion or where they got the evidence to back up their claims they are usually silent.
In the rare occasions where we did get a response it is usually along the lines of citing biased sources, like bank officials ( yes trusting a bank is the really smart) or other self proclaimed “experts” in the financial sector ( who fail to grasp the elementary workings of Bitcoin).
With more and more digital currencies focusing on the (online) gaming market, the HYPER team needs to remain on their toes at all times in order to remain ahead of the competition. Some new updates have been posted, so let’s see what they have been up to lately!
First of all, the official HYPER forums, which can be found here, are currently being redesigned and we will see a fresh and modern theme very soon. The sections will become more organized, and both user rankings and badges will be introduced once the new theme goes live.
It has been a while since we last heard something exciting from the Blackcoin community. Keep in mind there are a lot of projects under development at the moment, and they are all shrouded in mystery until they are ready to be released. But there is a Blackcoin Steam Gaming group!
Announced earlier today by Gritt-N-Auld, the Blackcoin Steam Gaming group is now officially launched. The main purpose of this Steam group is to bring gamers with an interest in Blackcoin and other digital currencies closer together.
So I want to start off the day with a small NobleCoin article. I’m pretty sure you’re all getting sick of these already, but until I see results, you’ll keep getting them, so there’s that. The NobleCoin Marketplace discount has increased again.
As reported several days ago, the discount for the NobleCoin Marketplace would increase by 1% daily until more sales were made on their Amazon/Steam/NewEgg gift cards. This incentive is being done to simply attract more people.
There has been a major announcement in regards to the NobleCoin Marketplace. For those of you unaware, when buying goods there and paying with NobleCoin, you would get an automatic 12% discount. That has been changed, in a very interesting way.
Every day from this point onwards, the NobleCoin discount will be raised by 1 additional percent, until it isn’t financially healthy to keep rising the discount any more. Once this happens, the discount will be lowered by !% every day until we get back to a total 12% discount.
Yesterday, the NobleCoin Marketplace went live. Due to some urgent matters, we couldn’t bring coverage yesterday, but we’re making up for it now!
On the NobleCoin Marketplace, you can (for now) purchase digital goods, such as Amazon gift cards, Steam wallet codes, Newegg.com cards, etc. Physical goods will be made available too , but at a later stage. We’ll keep you updated.
To test out the NobleCoin Marketplace, I purchased a 50$ Amazon.com gift card. Only two were left in stock, so people are buying them!
Wouldn’t it just be amazing if everything we wanted came true at some point in time? Too bad that doesn’t really happen, but that doesn’t mean we are going to stop trying ! There is something about paying with Bitcoin for goods, especially virtual items, that makes the whole experience so great. So what if….
You could pay on the Steam store with Bitcoin? To be blunt, it would probably put my site (CryptoGameKeys) out of business pretty soon, but at least I know I might have contributed to the new system. And that’s what it’s really all about, folks.