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The Path For Bitcoin To Be True Digital Cash

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The original intent for bitcoin involved regular usage — and that needs to be encouraged in order to see full adoption.

This is an opinion editorial by Scott Worden, an engineer, an attorney and the founder of BTC Trusts.

“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” — Satoshi Nakamoto

It's one of those perfect fall days in Colorado, and I’m sitting outside of a pub in the late afternoon. I’m meeting with a fellow bitcoiner, a man I met in Austin at the end of this summer. As the sun fell behind the mountains, the sky turned orange, setting the perfect backdrop for lively bitcoin conversation.  Read more...

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ChangeNOW Is a Scam! Is This True?

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ChangeNOW is a scam! ChangeNOW illegally holds my money! ChangeNOW are thieves! These are some of the hostile comments that have been making rounds on the internet. These accusations got the crypto community looking closely into it, and some have gone ahead and seemingly done a detailed analysis of things leading up to the entire scenario.  Read more...

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Monday Crypto Market Gainers: UUU, POLY, PMA, TRUE, ZRX

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The mid-day cryptocurrency market update uses data from Messari’s OnChainFX — all market movers are based on the top small, mid and large-cap cryptocurrencies. More about the methodology can be found here. Crypto Market Update: Total Market Cap: $ 284.6 billion (-1.5%) Bitcoin Dominance: 66.0% (0.5%) Top-20 Cryptocurrencies: Best Performers: Worst Performers: Never miss our daily […]
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John McAfee Trolls Winklevii on Bitcoin, Says Cameron Is ‘True Power’

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By CCN Markets: You might think that Tyler Winklevoss has gotten ahead of himself by predicting the bitcoin price could cross $ 15,000 if it surpasses the $ 10,000 level. That is unless your name is John McAfee, in which case that forecast is absurdly low. McAfee is doubling down on his bullish price prediction, saying that BTC $ 100,000 will open the floodgates for the cryptocurrency to power higher to $ 1 million. Unfortunately for the Winklevii, that wasn’t the end of the trolling. McAfee took it a step further by tweeting an image of “Bitcoin Billionaires” with a personal message from the  Read more...

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Friday Crypto Market Movers: TRUE, BAT, ENJ, R, XVG

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The mid-day cryptocurrency market update uses data from AltDex, a cryptocurrency index platform that provides benchmark indices for various digital asset categories, including exchange tokens, privacy coins, masternodes and more. Market Update: 💯 Top-100 (ALT100): 68.70 (2.90%) 📉 Exchange Tokens (ALTEXC): 84.85 (0.72%) 👻 Privacy Coins (ALTPRV): 45.25 (3.72%) 🛰️ Masternodes (ALTMSN): 44.44 (0.38%) 🎮 […]
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Tuesday Crypto Market Movers: TRUE, WAVES, NANO, WTC, RVN

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The mid-day cryptocurrency market update uses data from AltDex, a cryptocurrency index platform that provides benchmark indices for various digital asset categories, including exchange tokens, privacy coins, masternodes and more. Market Update: 💯 Top-100 (ALT100): 66.09 (0.94%) 📉 Exchange Tokens (ALTEXC): 92.46 (-1.56%) 👻 Privacy Coins (ALTPRV): 44.77 (-0.93%) 🛰️ Masternodes (ALTMSN): 45.95 (-1.15%) 🎮 […]
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[Guest Post] The True Use Cases for Bitcoin and Its Role in Banking the Unbanked

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[Guest Post] The True Use Cases for Bitcoin and Its Role in Banking the Unbanked
by Ray Youssef, Co-Founder & CEO of Paxful Bitcoin and cryptocurrency as we know it was born from Satoshi Nakamoto’s dream of creating a peer-to-peer electronic cash system. The white paper proposed a system that would replace the need for central authorities like banks and financial institution…

The post [Guest Post] The True Use Cases for Bitcoin and Its Role in Banking the Unbanked appeared first on CoinReport.

CoinReport

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Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator

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On April 17, the founder of the Drivechain project, Paul Sztorc, published a new blog post concerning the validity of today’s so-called ‘production sidechains.’ Sztorc has declared on multiple occasions that true sidechain technology hasn’t been invented yet and even Blockstream’s Liquid protocol, dubbed “the first production sidechain,” in a critical sense is not a ‘real’ sidechain.

Also read: Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter  Read more...

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Tone Vays Is 85% Certain Bitcoin (BTC) Hasn’t Hit True Bottom

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Last October, Tone Vays, the former Wall Street trader and current crypto figure, made headlines after announcing his first trade of the year when Bitcoin was priced at roughly $ 6,400: a 5x leveraged short position for March 2019 expiry with a price target of $ 5,000. After the successful trade, Vays has yet again gone public with a […]
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BitMart Santa Comes To You. Make Your Wish Come True! – BitMart Christmas Campaign

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post BitMart Santa Comes To You. Make Your Wish Come True! – BitMart Christmas Campaign appeared first on CCN

CCN

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Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’

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Iceland

A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation.

Farmers to the Rescue

A relatively small cryptocurrency mining operation run by Icelandic math teacher Krista Hennesdottir uses a clever solution to stay competitive.

Ms. Hennesdottir has realized that farmers have excess geothermal energy which could be used for cryptocurrency mining. In turn, the mining rigs produce a lot of excess power which could be used for heating. She said:  Read more...

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$194 Million was Moved Using Bitcoin With $0.1 Fee, True Potential of Crypto

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On October 16, a Bitcoin user moved 29,999 BTC worth $ 194 million with a $ 0.1 fee, a transaction which with banks would cost tens of thousands of dollars. An often pushed narrative against cryptocurrencies like Bitcoin and Ethereum is that it is expensive to clear transactions due to fees sent to miners. However, the $ 194

The post $ 194 Million was Moved Using Bitcoin With $ 0.1 Fee, True Potential of Crypto appeared first on CCN

CCN

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The True Monopoly Of Bitcoin Unveiled

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The True Monopoly Of Bitcoin Unveiled

Bitcoin, the most dominant cryptocurrency. The cryptocurrency with the biggest market cap and now it seems, a cryptocurrency that has become monopolised through the Bitcoin ownership of the top 1%.

According to recent findings, just 1% of all Bitcoin wallet addresses hold 55% of the worlds Bitcoin. Similarly, according to The Guardian, in 2017 the top 1% wealthiest people in the world now own more than half of the worlds wealth. Can you spot any similarities here?

Continue reading The True Monopoly Of Bitcoin Unveiled at Crypto Daily™.

Crypto Daily™

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Sharding, True USD Launches and More Custody Players: This Week in Crypto

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Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Price Watch: Bitcoin is up 5.46% this week to $ 6,500 after a somewhat tumultuous week. On Monday, we reported that despite Bitcoin’s

The post Sharding, True USD Launches and More Custody Players: This Week in Crypto appeared first on CCN

CCN

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Ethereum Classic (ETC) Vs. Ethereum (ETH): The True Flippening

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Ethereum Classic (ETC) Vs. Ethereum (ETH): The True Flippening

Ethereum Classic (ETC) has been in a downtrend against Ethereum (ETH) ever since its inception. The weekly chart above for ETC/ETH shows that from the beginning of 2017 until the month of July this year, Ethereum Classic (ETC) had been trading in a falling wedge against Ethereum (ETH). In August Ethereum Classic (ETC) broke the downtrend and has been on a steady climb against Ethereum (ETH) since then. This is truly a historic development for Ethereum Classic (ETC) because ever since Ethereum (ETH) forked off the original chain, now run by Ethereum Classic (ETC), it has garnered a lot of support and attention as most miners and developers switched to the new chain.  Read more...

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XRP Expert Measures The True Impact Of The Blockchain

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XRP Expert Measures The True Impact Of The Blockchain

Chris Larsen, the renowned angel investor and the co-founder of Ripple has recently spoken out about the future of the blockchain and the ‘profound effect’ it will have on the world once it’s ready to hit the mainstream.

Okay, of course he’s going to be optimistic about blockchain technology, this isn’t the big news here. Rather, this is more a sign of what could be to come for the Ripple project. It’s evident, through Larsen’s words that Ripple are going to be concentrating on improving their blockchain, ready for mainstream adoption.  Read more...

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Phoneum Is a True Mobile-Only Cryptocurrency and Mining Solution

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post Phoneum Is a True Mobile-Only Cryptocurrency and Mining Solution appeared first on CCN

CCN

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The true Universal Wallet That Stores the Widest Range of Smart Contract Tokens and Major Coins in One Place

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Infinito Wallet, the universal wallet announce today that you can store, send and receive NEO and all NEP-5 Tokens. Infinito Wallet is the first and only cryptocurrency wallet where user can store NEO NEP-5 and Ethereum ERC20 Tokens and major top coins.

That’s right, you can now store all your favorite cryptocurrency in one place; BTC, BCH, LTC, ETH, NEO, GAS, DASH, DOGE and all ERC-20 (TRON, VeChain …) and NEP-5 (ONT, RPX …) tokens. Infinito Wallet provides users with maximum access and flexibility to manage your cryptocurrency portfolio and wealth!

Download Infinito Wallet  Read more...

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Decentralized Political Platform Aims to Build a True Democratic Society

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Coalichain, a decentralized political platform that connects citizens to their leaders and governments, has announced its crowdsale for the ZUZ token. Coalichain offers a transparent and decentralized alternative to the current democratic system through the use of Web 3.0 features and blockchain technology. It has gained the interest of influential leaders and political parties in countries including Estonia, France, Switzerland and Australia, and will soon release the beta version of its mobile app.  Read more...

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Morgan Stanley Analyst: True Price of Bitcoin Could Be Zero

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In a recent report sent out to clients, Morgan Stanley analyst James Faucette cautioned that the “true” value of Bitcoin might actually be zero.

Zero. Zip. Nada.

The report, titled Bitcoin Decrypted, discussed the difficulty in ascribing value to the digital currency, noting that it behaves like neither a currency nor a store-of-value commodity like gold, silver, etc… Examining several key factors, Faucette points out:  Read more...

  • Bitcoin can’t be valued as a currency because it has no associated interest rate;
  • It may be likened to digital gold but, unlike gold itself, which is used in electronics, jewelry, etc.., Bitcoin has no inherent use*;
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