Tag Archives: bitcoin

Advantages and Opportunities of Paying with Bitcoin Comments Off on Advantages and Opportunities of Paying with Bitcoin 922

Advantages and Opportunities of Paying with Bitcoin Comments Off on Advantages and Opportunities of Paying with Bitcoin 922


Bitcoin is regarded as one of the most popular cryptocurrencies in the world and known as a decentralized digital currency.

You can initiate the transactions anytime because you can store bitcoin in your paper wallet, online, or on mobile. It makes your payment more convenient and faster as it is an important virtual coin that manages to offer you anonymity online. On the other hand, you don’t have to worry about any challenges or disputes that can arise as it is regarded as one of the best ways to keep your money in the virtual world. The investments in bitcoins are one of the best investments because you can earn huge ROI i.e., Return on Investment. If you are searching for the best opportunity to earn money, then you can invest in bitcoins.

Advantages and Opportunities of Paying with Bitcoin

Investment in bitcoins can be your best idea that you can implement now. You can visit bitcoin pro to get more information, know more about this software. Therefore, now not making you wait for any further, here are the advantages and opportunities of paying with bitcoin that you must know:

  • Zero Control for Governments:

The government has the power to control over banks, but they don’t have any right to control bitcoin transactions. This way you can be safe from the control of the government.

  • Credit Cards:

If you are using bitcoin then it has a great advantage for you. You can do the transactions very easily as well as instantly. Dealing with credit cards can sometimes cause problems for you. You may have to face issues with the bank because you must wait a long time for the transactions. Therefore, dealing with bitcoins can make your task much easier and convenient.

  • Decentralized Network:

This is one of the greatest advantages of using bitcoins. It is true that no one has control over the network of bitcoin, and it is a good thing. This is safe and secure, and you don’t have to worry about anything. The benefits that it possess are extremely powerful.

  • Identify Protection:

Whenever you receive or send bitcoins online, you can keep your identity safe and secure. While transacting online, you never have to share your personal data. This means you are safe from hackers who can steal your data and misuse it.

  • Forget Third Parties:

Bitcoin eliminates the need for any third party. It is because whenever you want to do transactions, you must rely on third parties, and this can make your transactions at risk. Therefore, bitcoins make your task easier and convenient by removing the third parties and only involving the sender and receiver for transactions.

  • Low Transaction Fees:

Transactions fees can be very irritating whenever you want to transfer money through the online process. However, bitcoin transactions involve a very low fee. It is completely dependent on how much money you transfer online. This can create a good user experience.

  • Easy Mobile Payments:

Yes, this is another great advantage of using bitcoin. You can do payments with your mobile instantly. With the help of mobile wallets, you can easily do payments. On the other hand, you can also do global payments very easily.

  • Zero Paper Verifications:

This is another great advantage of using bitcoin that requires zero paper verifications. You must handle everything online which means you can save your time.

Final Thoughts

Therefore, now you know what the advantages and opportunities of bitcoins are and how you can deal with it. The above-mentioned benefits are the best ones that can hold your attention for a while. Bitcoin investments can be your ideal opportunity to earn passive income to a great extent.

Article Produced By
Crypto Radar PR

https://cryptoradar.org/advantages-and-opportunities-of-paying-with-bitcoin/

Thomas ClaimCo.in

Advantages and Opportunities of Paying with Bitcoin Comments Off on Advantages and Opportunities of Paying with Bitcoin 921

Advantages and Opportunities of Paying with Bitcoin Comments Off on Advantages and Opportunities of Paying with Bitcoin 921


Bitcoin is regarded as one of the most popular cryptocurrencies in the world and known as a decentralized digital currency.

You can initiate the transactions anytime because you can store bitcoin in your paper wallet, online, or on mobile. It makes your payment more convenient and faster as it is an important virtual coin that manages to offer you anonymity online. On the other hand, you don’t have to worry about any challenges or disputes that can arise as it is regarded as one of the best ways to keep your money in the virtual world. The investments in bitcoins are one of the best investments because you can earn huge ROI i.e., Return on Investment. If you are searching for the best opportunity to earn money, then you can invest in bitcoins.

Advantages and Opportunities of Paying with Bitcoin

Investment in bitcoins can be your best idea that you can implement now. You can visit bitcoin pro to get more information, know more about this software. Therefore, now not making you wait for any further, here are the advantages and opportunities of paying with bitcoin that you must know:

  • Zero Control for Governments:

The government has the power to control over banks, but they don’t have any right to control bitcoin transactions. This way you can be safe from the control of the government.

  • Credit Cards:

If you are using bitcoin then it has a great advantage for you. You can do the transactions very easily as well as instantly. Dealing with credit cards can sometimes cause problems for you. You may have to face issues with the bank because you must wait a long time for the transactions. Therefore, dealing with bitcoins can make your task much easier and convenient.

  • Decentralized Network:

This is one of the greatest advantages of using bitcoins. It is true that no one has control over the network of bitcoin, and it is a good thing. This is safe and secure, and you don’t have to worry about anything. The benefits that it possess are extremely powerful.

  • Identify Protection:

Whenever you receive or send bitcoins online, you can keep your identity safe and secure. While transacting online, you never have to share your personal data. This means you are safe from hackers who can steal your data and misuse it.

  • Forget Third Parties:

Bitcoin eliminates the need for any third party. It is because whenever you want to do transactions, you must rely on third parties, and this can make your transactions at risk. Therefore, bitcoins make your task easier and convenient by removing the third parties and only involving the sender and receiver for transactions.

  • Low Transaction Fees:

Transactions fees can be very irritating whenever you want to transfer money through the online process. However, bitcoin transactions involve a very low fee. It is completely dependent on how much money you transfer online. This can create a good user experience.

  • Easy Mobile Payments:

Yes, this is another great advantage of using bitcoin. You can do payments with your mobile instantly. With the help of mobile wallets, you can easily do payments. On the other hand, you can also do global payments very easily.

  • Zero Paper Verifications:

This is another great advantage of using bitcoin that requires zero paper verifications. You must handle everything online which means you can save your time.

Final Thoughts

Therefore, now you know what the advantages and opportunities of bitcoins are and how you can deal with it. The above-mentioned benefits are the best ones that can hold your attention for a while. Bitcoin investments can be your ideal opportunity to earn passive income to a great extent. This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. CryptoRadar.org does not endorse nor support this product/service. CryptoRadar.org is not responsible for or liable for any content, accuracy or quality within the press release.

Article Produced By
Crypto Radar PR

https://cryptoradar.org/advantages-and-opportunities-of-paying-with-bitcoin/

Thomas ClaimCo.in

Australian Conman Extradited Over Alleged Fraud Involving 12M in Bitcoin

Australian Conman Extradited Over Alleged Fraud Involving $1.2M in Bitcoin


After a dramatic arrest, an Australian serial conman has been extradited to New South Wales to face fraud charges involving over $1 million in bitcoin.

  • A Tuesday report by The Sydney Morning Herald said Peter Foster had been escorted by detectives to Sydney, NSW, from Queensland where he had been arrested Thursday.
  • Foster was tackled by undercover police pretending to be early morning joggers on a Port Douglas beach in the northern state.
  • After an investigation that kicked off in June, police alleged that from April last year Foster masqueraded under the false name Bill Dawson and scammed victim Konstantinos Stylianopoulos.
  • Stylianopoulos had entrusted bitcoin to Foster, who then allegedly transferred it to his own account at the Australia-based crypto exchange Independent Reserve.
  • The fraud netted Foster 1.73 million Australian dollars (US$1.24 million) worth of bitcoin in transactions of between $125,000 and $890,000 on multiple occasions.
  • Foster has been described as a career criminal, having previously spent time in jail in Australia, the U.K., the U.S., and Vanuatu for fraud-related crimes.
  • Paul Dunstan, the Sydney City Police area commander detective acting superintendent, noted Foster's repeat offenses and said Foster was "a significant fraud offender."
  • The charges relating to his arrest include five counts of publishing false and misleading material to obtain advantage and 10 counts of dishonestly obtaining financial advantage by deception.
  • He is also being charged with knowingly dealing with proceeds of crime with intent to conceal, according to the Herald.
  • On Tuesday, Foster's legal representation appeared in Sydney's Central Local Court via video link opting not to apply for bail. The case will return to court on Oct. 22.

Article Produced By
Sebastian Sinclair

Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.

https://www.coindesk.com/australia-conman-extradited-fraud-charges-alleged-stolen-bitcoin

Thomas ClaimCo.in

Google busts firm running a 12 million Bitcoin scam

Google busts firm running a $1.2 million Bitcoin scam

Bitcoin scam, busted

A Cebu-based call center business, Sykes, was confirmed by Google to have its partnership license revoked after a few employees were caught running a gift card scheme into Bitcoin, the firm said. “We are constantly assessing our business needs and have decided to shift this business to another vendor in the Philippines,” a Google spokesperson said in a statement sent to Newsbytes on Sunday. Sykes employees were found to have illicitly obtained over P60 million ($1.2 million at urrent rates) using Google gift cards and converting those to Bitcoin to avoid detection. No time frame was specified. Call centers are fiercely popular in Cebu, where the Bitcoin scam happened. Image: Cebu Call Centers

The firm in question, Sykes, is a Florida-based entity that admitted the occurrence but claimed to have clamped down as soon as they learned of the scam. The firm said in a statement it took “swift action on those employees in accordance with company policies.” Sykes did not mention filing or working on a criminal charge against the employees. Google did not confirm the same at press time. Meanwhile, the firm dismissed a viral post that said over 300 Sykes employees in the Philippines were involved in and lost their jobs due to the incident. Instead, it said all employees who were not “directly” involved in the mishap were transferred to other company accounts i

mmediately.

“While there have been business changes that may have impacted some groups, we have ensured that all our hardworking employees are reassigned to other programs.”

Call center scammers turn to Bitcoin

The report marks one of the first instances of a scam involving Bitcoin and call centers. Last year, a similar incident was conducted in India with police eventually arresting over 78 individuals in connection with a Bitcoin crime. As per reports at the time, Indian workers used an American accent to dupe US citizens, stating their social security accounts had been compromised with a small Bitcoin payment (from $50 – $5,000) required to revert the accounts. The scam took place across three Indian call centers and was said to have siphoned “millions of dollars” by US authorities. Seems like while Bitcoin is world-changing for some, it’s just another tool for scammers.

Article Produced By 
Bitcoin

https://cryptoslate.com/google-busts-firm-running-a-1-2-million-bitcoin-scam/

Thomas ClaimCo.in

Empty Block Replaces 2426 Bitcoin BTCTransactions No Double Spends Reported So Far

Empty Block Replaces 2426 Bitcoin [BTC]Transactions, No Double Spends Reported So Far

bitcoin block stable block
     2020-08-21  Reportedly, Antpool mined the stale block which had 2426 transactions which found its’ way into block height 644,543 but was replaced by another block.

This new block was selected as the part of a longer chain, which has only the Coinbase transaction; the miner of the block is unknown. The Bitcoin [BTC] blockchain witnesses a rare event with what is called a ‘stale block.’ A stale block represents a valid block which has its’ transactions reversed because it fails to become a part of the main chain against another competing chain. The transactions from the stale block were moved to the next blocks.

BitMEX Research found,

The stale block contained 2,426 transactions, broken down as follows:
•1 coinbase
•2,362 confirmed in the next block 644,544
•62 confirmed in block 644,546
•1 as yet unconfirmed

Essentially, on 20th August at around 11: 40 hours two versions of Bitcoin blockchain was active for a short while, both had valid confirmations from the miners. If the same address sent two transactions are the time, the blockchain would have possibly seen ‘double spent’ on the network. However, BitMEX research also saw no signs of that.

It noted,

No evidence of any double spends

The Coinbase fees paid to the Antpool miners was reversed, but the other transactions got confirmation in the subsequent blocks. This is one of the leading reasons why wallets and exchanges put a 3-6 confirmation rule before the deposits are credited.

Mining Pool Stats

Even if it were true the rule of the longer chain would have invalidated the stale block transactions. Moreover, the distribution of mining pool is considerably diverse. Antpool only accounts for around 10% of the total hash rate on Bitcoin.

Mining Pools Distribution Stats (Source)

Moreover, the mining ecosystem is quite robust with some of the most advanced hardware in the system, with a high opportunity cost as well. Thomas Heller, leading Bitcoin analyst and an expert on mining shared details of a new mining pool in the US, Canada and Germany. DMG Blockchain Solutions Inc. is looking to enable the “commercial release of its proprietary Mine Manager Enterprise Software (the “Mine Manager”).”

Heller also notes,

Furthermore just found out about a new Chinese pool launching by two of the biggest heavy hitters in the Chinese mining scene. Pools will keep getting more and more competitive!

Hence, with an expanding network of miners, the security against double-spent attacks and even efficiency in the validation process increases.

Article Produced By
BitCoin Warrior

https://bitcoinwarrior.net/2020/08/empty-block-replaces-2426-bitcoin-btctransactions-no-double-spends-reported-so-far/

Thomas ClaimCo.in

How to buy your dream car using bitcoins?

How to buy your dream car using bitcoins?

Cryptocurrencies and blockchain have now been in the spotlight for a long time. In the past, their usage,

and the widespread application was met with skepticism. However, now they have become more mainstream, and their usage has increased as well. According to Statista, the market capitalization of Bitcoin – the most popular cryptocurrency – stands at approximately 118 billion USD. Compared to this, Ethereum has a market capitalization of 25.17 billion USD. As per data collected by Tech Jury, the cryptocurrency market is expected to grow by 56.4 percent between 2019 and 2025. Among the various cryptocurrencies, Bitcoin has best succeeded in transforming payment methods. Reports say that there are over 7000 Bitcoin ATMs operating around the world, and daily online transactions featuring Bitcoin amount to $6 billion. The digital currency is ushering a change in various sectors, and the automobile industry is one of them. Previously, customers were limited to traditional payment options when buying their vehicles. But now, they can buy their dream car using bitcoins. Here is how you can do so:

Method # 1: Easy Way out – convert into cash

People who are still not comfortable with processing their payments through Bitcoins prefer playing it safe and use cash for transactions. One cannot deny that regardless of how many sectors blockchain and cryptocurrency have penetrated, cash is still the safest and most commonly used mode of payment. However, this doesn’t mean that your investment in bitcoins will not come in handy when purchasing your car. Instead, you can convert your coins into fiat money. There are a variety of trading platforms that offer such service for a minimal fee. In exchange for your bitcoins, you can have cash deposited in your account. Here are ways for you to convert your bitcoins into cash:

  • Bitcoin ATMs, which usually feature a high transaction fee and a limit on withdrawal
  • Peer-to-peer platforms, they include Bisq, Agora Desk, Local Bitcoins, etc.
  • Crypto Exchanges, including Binance, Coinbase, and Kraken

After you have converted your bitcoins into cash, you can visit any dealership to buy your dream car. The benefit of using this option to buy a car is that it increases the number of available dealerships. Therefore, you are likely to get a much better deal.

Method # 2: Find dealerships that accept Bitcoin

There was a time when finding dealerships that accept bitcoins was impossible. However, now that cryptocurrencies have gained credibility, many dealerships offer the option to buy cars with bitcoin. However, you must still be careful regarding the dealership you choose. There are several reputed dealerships where you can pay for your car with cryptocurrency. But, before finalizing a dealership, make sure to research thoroughly about it. Find out how reliable it is and read the reviews of past customers about their experience with the said dealership.

Method # 3: Find online sellers within the community

Cryptocurrency has a growing community, as more and more people are adopting it. For those of you who cannot find dealerships or online platforms who are willing to accept bitcoin, you might want to seek the help of the crypto community. Ask around if any sellers are willing to accept the digital currency as a mode of payment. However, the chances of finding your dream car through such unconventional methods are quite unlikely.

Steps to follow when buying using bitcoins

Here is a step by step guide on how to proceed if you want to buy a car using bitcoins:

  1. Research regarding the dealership

Do your research and look for dealerships around you that accept bitcoins. Generally, such platforms are likely to operate online. Since you are purchasing your dream car, you must also make sure that the dealerships you select have the vehicle you want, and are offering the right price.

  1. Negotiate

Don’t accept the first offer given to you by the seller. Always leave room for negotiation. It is because most dealerships begin by quoting a higher price than the actual one. If you have researched the vehicle, you will know its price and will be able to negotiate a better price. Moreover, always ask for quotes from at least three dealerships and compare the offers given to you. It will help you to get the best price for the car.

  1. Test Drive

Test drive helps you to evaluate every feature of a car before buying it. Regardless of whether you purchase the vehicle online or from a physical dealership, you must check all the specifications before buying it. In case you are purchasing a used car, check its maintenance history and condition. You must be more careful when buying a car with cryptocurrency, as it is harder to recover your digital currency once it leaves your wallet.

How to buy bitcoins?

Now that you know how to purchase your dream car using digital currency, if you are a beginner in the world of cryptocurrency, you might be curious about how to buy bitcoins in the first place. The easiest way for doing it is by using a bitcoin wallet service where you exchange your fiat money for the digital currency. Some of the platforms that offer this service include Coinbase, Xapo, and Blockchain.info, etc. Getting your bitcoins converted into fiat currency will allow you to spend them directly. From the security point of view, always use two-factor authentication for securing your wallet when using such platforms. There are several modes of payment, like bank transfer, PayPal, etc. that you can use to buy bitcoins. The type of options available depends on the platform you select.

Verdict

All in all, cryptocurrency is causing immense disruptions across sectors. While the digital currency continues to be very volatile, many people continue to adopt it to make payments. So, if you are already a cryptocurrency user, consider using bitcoins if you want to buy your dream car. Regardless of which payment method you select, make sure to follow all the steps mentioned in this blog. Do your research, negotiate a deal, and get the best price.

Article Produced By
BitCoin Warrior

https://www.binance.com/en

Thomas ClaimCo.in

Bull run in numbers: The Bitcoin network just climbed to new hashrate highs

Bull run in numbers: The Bitcoin network just climbed to new hashrate highs

Bitcoin network

The hash rate of Bitcoin has reached new highs.

  • The upcoming difficulty adjustment will probably increase by almost 10%.

  • These statistics provide information on network activity, but are not necessarily an indicator of future price changes.

The current hash rate and the forthcoming difficulty adjustment show the overall strength of the Bitcoin network. Bitcoin’s hash rate has reached a new all-time high of 129 million TH/s. The previous ATH was just under 127 million TH/s on July 28 this year.

After the last halving on May 11th, the hash rate dropped considerably, dropping to just over 90 million TH/s. However, the rate increased rapidly when the miners re-entered the network. By halving the rate, the reward for mining a single block fell from 12.5 BTC to 6.25 BTC. As the rate decreased, so did the hash rate, as miners using obsolete equipment were forced to sell stored bitcoins and cease operations.These dramatic shifts in the hash rate are not surprising. Mining is a costly business and therefore decisions made by the miners can have lasting financial consequences. When the price of Bitcoin increases, the reward for mining a single block also increases. The increase in the hash rate has triggered an increase in mining difficulty. The difficulty represents the complexity of the equation that must be solved to mine the next block.

Bitcoin miners secure the network

When the price of Bitcoin increases, miners decide to take financial risks in order to mine in the network. However, as mining activity increases, the integrated difficulty adjustment on the network inevitably has to tick upwards. The imminent difficulty adjustment is estimated to be almost 10%. There have been considerable shifts in the adjustment of network difficulties in recent months, with the largest increase since January 2018 occurring last June. However, these statistics provide little information to predict future market changes. Hash rate and difficulty cannot indicate what buyers are willing to pay for BTC. However, these figures reflect that miners are actively working on the network. And this is good news, because the increasing activity in the network shows an increase in acceptance, which could also lead to future price growth.

Article Produced By
The Bitcoin News

TheBitcoinNews.com – leading Bitcoin News source since 2012. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest. TheBitcoinNews.com is is not responsible for the content of external sites and feeds. Guest posts, articles or PRs are not always flagged as this!

https://thebitcoinnews.com/bull-run-in-numbers-the-bitcoin-network-just-climbed-to-new-hashrate-highs/

Thomas ClaimCo.in

Bitcoincom Wallet Users to Get Enhanced App Features via Partnership with Cred

Bitcoin.com Wallet Users to Get Enhanced App Features via Partnership with Cred


Whih its new partnership, Bitcoin.com will look to revamp its lending offerng using

the Cred’s powered 1-touch Earn button.Major cryptocurrency wallet service provider Bitcoin.com is set to bring more value to its 11million customers through a unique technical integration from Cred (a financial services firm supporting over a dozen partners with its industry-leading crypto-backed lending and borrowing platform).

The Bitcoin.com wallet is a non-custodial crypto wallet featuring a variety of supported assets and resources for crypto newcomers and enthusiasts and the new wallet feature embeds an in-app earning feature that will enable millions of its users to pledge digital assets and receive interest Digital currency lending platforms are up and bolstering their offerings as decentralized finance lending keeps gaining massive traction in recent days. Through the integration with Cred, Bitcoin.com wallet users will be able to link with the CredEarn platform without having to leave the Bitcoin.com wallet application. Commenting on the partnership, Co-Founder and Chief Executive Officer of Cred, Dan Schatt reaffirmed Cred’s commitment to providing value to the entire blockchain ecosystem

. In his words:

“We are always looking for new and innovative ways to provide value to the blockchain community, Bitcoin.com is a leader in the industry, and we’re excited to make it as simple as possible to earn and borrow with your crypto.”

“Cred continues to be a frontrunner amongst lending and borrowing platforms. Their dedication to solving financial problems is why we are proud to strengthen our partnership, At Bitcoin.com, we strive to offer our customers with the top-tier blockchain services. Through Cred, our customers will continue benefiting from earning interest on their crypto via a secure and licensed financial services platform.” Corbin Fraser, Head of Product at Bitcoin.com said complementing

Crypto Lending Initiatives Taking Center Stage

The narrative for lending platforms got revitalized in the United States particularly when the country’s top banking regulator, The Office of The U.S. Comptroller of the Currency declared that banks in the country can offer cryptocurrency custody services. In order to stay ahead of the curve, core blockchain services are gradually unveiled new features to bolster their existing position in the crypto sphere. BlockFi, a New York-based lending platform recently secured a $50 million funding which it said it will use to fund some of its innovative products such as its proposed Bitcoin reward cards. With DeFi lending platforms gaining ground globally, a wave of partnerships has spiked, while the ripple wave it caused has spread with Russian Bank Expobank delving into the lending niche when it issued its first loan with crypto tokens as collateral.

Bitcoin.com and Cred to Revamp Crypto Lending Ecosystem

With the partnership, Bitcoin.com will look to revamp its lending offering using the Cred’s powered 1-touch Earn button.Users will also experience the newly re-designed CredEarn dashboard across desktop and mobile devices. Additional features of the partnership allow users immediate access to daily compound interest and interest payouts in the cryptocurrency or stablecoin of their choice. A customer can pledge one asset, but choose to receive interest payments in another asset, enabling a fee-free ability for customers to diversify their cryptocurrency portfolio. As a premier source for all things Bitcoin-related, Bitcoin.com makes both Bitcoin and Bitcoin Cash more accessible. With this multi-enhanced lending service, it will further promote its tag as the fastest Bitcoin wallet ever created

Article Produced By
Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

https://www.coinspeaker.com/bitcoin-com-wallet-cred-partnership/

Thomas ClaimCo.in

As Global Tensions Grow Bitcoin Price May Go Higher

As Global Tensions Grow, Bitcoin Price May Go Higher

  • BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries.  North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation. The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold.  Due to the uncertainty of the global economy, Bitcoin performed a strong upward movement from $9,400 to $9,700 on Monday, appreciating 3% in past 2 days. Though it declined sharply to as low as $9,000 early today, the daily chart also highlights that BTC may soon manage to break above the $10,500 area. This could propel the cryptocurrency into a major new bullish trend.

Grasp the BTC Fluctuations and Get Bigger Gains

For investors who have a lot of funds to invest in the Bitcoin market, buying a great number of BTC at a low price and selling it at higher price might be the most secure yet profitable trading method. However, for most of us, we don’t have not so much money for investment, we can trade BTC futures contracts with 100x leverage. A small capital investment may lead to greater gains. 

As an example, opening a position with an initial margin of 0.1 BTC with 100x leverage is essentially equivalent to controlling a position size of 10 BTC. If Bitcoin gains in value by 10 percent during this time period, you would have a profit of $10,000 — all while only risking your initial 0.1 BTC margin. Besides, it allows traders to short the market — allowing them to profit even when the market is down. With BTC being such a volatile trading product, margin trading essentially provides much more opportunities to profit compared to one-directional BTC spot trade. Bexplus is one of the most popular futures exchanges in the cryptocurrency market. It provides a variety of trading pairs including BTC/USDT, ETH/USDT, EOS/USDT, LTC/USDT and XRP/USDT with 100x leverage. By using leverage, cryptocurrency traders can increase their exposure to price movements and turn what would otherwise be small gains when spot trading into extraordinary profits.

  • NO KYC

Bexplus allows users to register an account with No KYC required. Users can start trading after easy registration with email without completing any sort of AML/KYC

  • Mobile Support

Users can trade futures contracts on both computers and mobile phones, including iOS and Android. Download the Bexplus app from App stores or Google Play and trade on the go. 

  • Ultra-fast Deposit & Withdrawal

Deposit and withdrawal are processed at a fast speed. No service charge for the deposit. To withdraw bitcoin, you just need to submit the withdrawal request form and the money will be soon credited in your wallet. No maximum amount limited. 

  • Fair Quote of Price

     Bexplus quote index is weighted average of those from top 5 exchanges, including Bitfines, Binance, Poloniex, Huobi Global and ZB. It also equipped with anti-manipulation mechanism and it can execute 30,000 orders/TPS without latency even during strong market fluctuations

  • Trading simulator

Bexplus provides the trading simulator with 10 free BTC If you are a beginner or inexperienced in crypto futures trading, you can practice trading without losing a penny. You can also use P/L calculator to estimate the profit/loss before entering the trade at a precise price point. 

  •   100% deposit bonus

To deposit BTC in the real account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. You can get up to 10 FREE BTC as bonus!

Article Produced By
Globalcoin

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site
 

 

Thomas ClaimCo.in

How Tyler Winklevoss Converted His Biographer Into a Bitcoin Believer

How Tyler Winklevoss Converted His Biographer Into a Bitcoin Believer

Tyler and Cameron Winklevoss are portrayed as the good guys this time in Ben Mezrich’s new book.

I don’t normally write the stories here at Cointelegraph — I edit them.

But when I got an email from a publicist asking if I was interested in speaking with Ben Mezrich, author of “Bitcoin Billionaires,” and oh, did I want the Winklevoss twins to jump in on the interview? I couldn’t say no. Ben had the lucky chance — as he calls it — to already have an in with Cameron and Tyler Winklevoss, as they had been portrayed as the Men of Harvard, slightly “bad” guys in his book that ended up being adapted into the film “The Social Network.” As Ben tells it, after he saw The New York Times article about their bitcoin billionaire success, a book about their crypto escapades that picks up right as their court battle with Mark Zuckerberg ends seemed to be an obvious next step.

The timing for the publication of “Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption” couldn’t be better or more ironic. The book spends almost 300 pages detailing the journey of how the Winklevoss twins have succeeded in crypto to the extent that it has wiped away the stain left by their battle over Facebook’s origin with Zuckerberg, only to then coincide with Facebook’s public unveiling of the Libra cryptocurrency project. However, Ben’s latest book involving both the Winklevii and Zuckerberg — which was reviewed by Cointelegraph this week — reverses his previous narrative of Zuckerberg as the good guy and the Winklevii as his opponents. But, as Ben explained, it wasn’t the writing that got it initially wrong, but the reality that changed the perspective over time.

He told me:

“I think reality flipped everything on its head, not just in the writing of it, but Facebook went from being something that everyone saw as this revolution and Zuckerberg as this revolutionary that was going to free the internet and make us all happy, into something much more nefarious, and Zuckerberg is now somewhat reviled.”

And Zuckerberg’s cryptocurrency project has not been without criticism from those that align themselves more with the cypherpunks of the 1990s than with the Winklevii of today. That is an important distinction that Ben makes in his book, shown through the twins’ highly skeptical attitudes toward the manic bitcoin passion of Charlie Shrem and the slightly dangerous libertarianism of Roger Ver. The twins, albeit very sincere bitcoin believers, could kind of care less about the sacredness of decentralization. When asking Tyler Winklevoss about Facebook’s Libra project, I expected potential scorn, derision, maybe even thinly veiled frustration about losing some crypto limelight to a past adversary. But Tyler surprised me with

his even keel:

“So, first off, I think that Facebook being in this space is huge validation for it.”

I waited for him to continue.

“I think that if you are a company in 2019, and you don't have a crypto story or game plan, it's kind of crazy. And if you don't, I'm sure you’re scrambling around to get one. “Ultimately we think it's great validation in the space. I've read some of the technical papers and whatnot and it looks like it is evolving and they're still figuring out exactly all the details. But there's a plan to start, in some way move it to more decentralization.

“It's still really early, and this is all one big experiment and iteration on the evolution of money. And I think it's really healthy that people are trying different approaches. It's not necessarily one size fits all. “If you're trying to be digital gold, decentralization may be the most important thing. If you're trying to be more like a currency, then perhaps you can give on decentralization for speed. So I think it is really good. All approaches are very valid and we'll sort of see how it plays out.”

On the straight and narrow

The main takeaway from Tyler’s comments throughout our entire conversation was regulation, regulation, regulation. Once you got past the “bitcoin does gold better than gold” standard line, he was ready to explain his somewhat unusual (what I would dub “hodler traditionalist”) views. For starters, he was not onboard with my joking idea about selling “Bitcoin Billionaires”

for actual bitcoin:

“Maybe you shouldn't buy it with bitcoin, because if you believe in bitcoin, it is going to only appreciate in value.”

According to Tyler, there is no reason for bitcoin to even become a medium of exchange or a “good currency” because of “how regulation is allowing that to play out, at least in the U.S.” And now that he’s started speaking about regulation, he gets on a roll that is nevertheless persuasive despite being well-practiced. “We need to speak the same language as the largest funds and players in capital markets today,” Tyler said over the phone, in as far a cry from a cypherpunk as can be found. “I think it's just really important to do things the right way. And that may not be the fastest way in the short term, but I think in the long term, it's the one that ultimately will bring in the right audience and be the pay-off in the long term. Our sort of motto is: Look, we're just trying to be the fastest tortoise in the race. And we're playing on a game board that not everybody else is necessarily

playing on.”

“We're playing chess and, you know, there is checkers, but that's a different game and we’re not playing that.”

What bitcoin lacks

When asked about the upcoming Bakkt physically-backed bitcoin futures testing, as well as the seemingly never-ending process of the United States Securities and Exchange Commission’s decision on a bitcoin exchange-traded fund (ETF), Tyler continued to play the role of the tortoise in it

for the long haul:

“I think that people, traders, investors and consumers will ultimately want to see the same opportunities to express opinions through financial instruments in bitcoin as they see in gold. But because we live in the world of cryptocurrency, there may be much more, too. There may be decentralized exchanges and more decentralized finance applications that you can't create outside of the crypto world. “I think you'd expect to see what exists in gold but also much more in crypto.”

This attitude toward regulation, compliance and doing things the “right way” came from the twins’ negative experience with now defunct crypto exchange Mt. Gox, when they first started acquiring their bitcoin hoard. This is the main goal of the Winklevoss’ cryptocurrency exchange, the New York-based Gemini — to do everything the opposite of Mt. Gox.

And according to Tyler, doing things the right way is really the only way:

“We don't believe in hacking our way around regulation or being too clever about it. We are transparent. We go into the front door, not the side door or in the back door. And that's been our strategy and our DNA from day one.”

Ben Mezrich’s interest is piqued

According to Ben, Tyler’s passion for crypto and its regulation, obvious even over the phone on a group call, was one of the things that got him interested in the story and

kept him interested:

“If there is a really, really smart person who gets incredibly passionate about something and everyone else is telling him that he's wrong, that often leads to that thing that changes the world. People who are very smart get truly passionate about something, and you have to wonder why. How did they get so into this? That’s sort of rabbit hole that you go down.”

In fact, Ben — who admits that he knew almost nothing about cryptocurrency before he began this book — has become a bitcoin evangelist in a way that is abundantly clear both in the book and in our conversation. He tells me this on the phone with the conviction of

a true believer:

“There's no question that cryptocurrency is the future. That's the way we're going. It's the science fiction money that we read about. And now, suddenly, it's going to be adopted by everybody in the next couple of years.”

And Ben underlines that he was inspired specifically by the Winklevii, compliant, “right path” way:

“If you just talked to the Charlie Shrems and the Rogers of the world, it would frighten me, because it comes from this kind of crazy libertarian, anarchistic, Silk Road world, which is not something that would appeal to me, necessarily. But the way I think the twins came at it was completely different, and that perspective really won me over and it just made sense. “The idea of digital money and the idea of digital gold — and something that you trust because it's math and not people — just made a lot of sense to me.”

Ben’s goal in writing the book may have originally been to chase down his next interesting story, but his conversation with me sounds a lot like the Winklevoss twins in their early circuits of the crypto conferences — back when bitcoin was still in its nascency. And according to Ben, people have seemed to take his past books to heart — as he noted that “Accidental Billionaires” and “The Social Network” actually launched many people toward Silicon Valley — which could spread the bitcoin gospel even further.

He told me confidently:

“I think this will launch all these people into this whole new world of money, and not just that, but the whole philosophy behind it.”

Tyler agreed with Ben’s assessment of the previous past influence of his books, noting that “if someone invested behind what Ben Mezrich found interesting, they’d probably have done pretty well.” Ben concurred, joking that a hedge fund had once even wanted to rent him an office so that it could pick his brain as he searched for a new book topic. He didn’t end up taking the fund up on its offer. Ben did add the caveat that “I foolishly never invest in anything I write about for a couple of reasons,” stating that he didn’t want to own bitcoin while also promoting his book, a highly moral stance for someone that also admitted he didn’t buy Facebook stock when writing “Accidental Billionaires” almost a decade ago.

Friend or foe?

I was curious how the characters that were portrayed in a more negative light viewed the book. After all, Ben had obviously gotten close to them in order to write a book that detailed all the various ways that BitInstant’s Charlie Shrem could be sweaty.

His answer also surprised me:

“Charlie loves it. Charlie read the book and the first thing he did was he texted me and said he cried, and thank you, thank you, thank you. “I think Charlie's a complicated character. So, even though you saw him warts and all, it really was his story. So, he liked it.”

Tyler chimed in to say, very seriously, that he and his brother Cameron are “cordial with everyone in the book. I’m friends with Eric [Vorhees], cordial with Roger [Ver], we’ve exchanged emails, obviously it's no secret that we've had our differences with Charlie, but that's all behind us now.”

He went on, saying:

“I feel like we're all cordial and respectful of the different viewpoints and opinions we have and paths we’ve taken. “Everybody's entitled to their different views and philosophies, and you know we don't always have to agree, but we can respectfully have our differences.”

When I noted that his speech was more respectful than what goes on in crypto Twitter, he replied “someone’s got to set the example, you know?” As for speaking with Zuckerberg for the second iteration of the Facebook-turned-crypto saga, Ben seemed doubtful, but as

he said, “you never know, you never know.”

“I like to think of it like ‘The Avengers.’ You have ‘The Avengers’ as ‘The Social Network,’ and like the Marvel Universe, we go off into each character. Now, we're talking about Wolverine, and next we'll be talking about whatever. But it is really an incredible story that just keeps on going. And it's definitely not finished yet.”

Article Produced By
Molly Jane Zuckerman

Molly Jane is a Russian Literature major from California with a background in writing. She joins Cointelegraph after working as a freelance journalist and blogger.

https://cointelegraph.com/news/how-tyler-winklevoss-converted-his-biographer-into-a-bitcoin-believer

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