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Showing posts from December, 2017

Blockchain.info Launches Bitcoin Cash Support, Users Cry For SegWit

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Popular Bitcoin wallet provider Blockchain.info has announced it has now given “full support” to Bitcoin Cash (BCH). In a blog post today, Blockchain confirmed that a Bitcoin fork, Bitcoin Cash, had become one of its wallet’s main currencies alongside Bitcoin (BTC) and Ethereum (ETH). “In November, we revealed our plan to deliver on the growing demand we’ve seen for Bitcoin Cash,” the post explains. “Starting today, we’re supporting Bitcoin Cash with full functionality through the same web wallet[.]” Blockchain.info’s initial run with BCH saw users gain the ability to ‘unlock’ duplicate balances earmarked on the fork date Aug. 1. Now, trading in and out has the same setup as with the wallet’s other two supported coins. No mobile support is yet available, but it’s promised to appear by the end of Q1 2018. BCH meanwhile remains a contentious topic, with its principle advocate Roger Ver continuing to cause controversy with comments aimed at casting doubt on the reputation of BTC. An appearance …

Wanna Have a Crypto Lamborghini?

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One of the most fun parts of the recent BlockShow Asia 2017 was meeting new great Blockchain-powered companies driving the industry in the APAC region; so was BitCar, a Singapore-based project which implements quite an innovative concept - peer-to-peer ownership of exotic cars. The Cointelegraph team had a chance to chat with Gov Van Ek, the co-founder and Sheree Ip, legal & Blockchain development head at BitCar, about Singapore, reading and how the things were different back in 2013. However, all the chats with company representatives came after the main part of the conference - in which BitCar were directly and so actively involved. Hong Kong, Singapore and yellow LamborghiniThe recent conference wasn’t the first collaboration experience for BlockShow and BitCar. A couple of months earlier, Sheree Ip also joined the BlockShow meetup in Hong Kong, where she took part in Regulatory Panel Session and also gave a brief interview afterwards. The location of the BlockShow Asia main conf…

Price Analysis, December 14: Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash

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Bitcoin futures are a reality. Will we soon see Bitcoin ETFs as well? Why not? A Bitcoin ETF will help the masses, and the institutional investors take a position in the new asset class. The additional scrutiny and the regulations that come with these new offerings will also boost the confidence in cryptocurrencies. Now, even political heads are warning that the current banking system may be on its way out. However, while these developments are positive for the future of bitcoins and altcoins, it is still going to be a roller coaster ride to the final destination. Therefore, we believe that borrowing money to trade or mortgaging the house to invest in bitcoins is not a good strategy. While the long-term trajectory may be up, the intermittent falls will be steep and can cause a lot of pain to people who are betting the house to trade in cryptocurrencies. Therefore, only trade with the money that you can afford to lose and trade safely. After the sharp rally, Ripple is back to the fourth sl…

Company Behind $16K Smartphone Raises $110M In ICO

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SIRIN Labs, a producer of privacy-focused smartphones, has managed to raise $110 mln in the first 24 hours of its recent token sale, according to a press release published by the team. The substantial response to their campaign is notable against a backdrop of the overall market of the Initial Coin Offerings (ICOs) facing a period of decline. A likely reason for the strong response on the ICO’s first day is the fact that the team already had an established market presence. Back in 2016, SIRIN released the privacy-focused Android smartphone, Solarin. However, priced at over $16,000 a piece, it was not the most affordable option for the average consumer. The company is now developing a new product called FINNEY, a Blockchain-powered smartphone and PC that promise to be as secure and significantly more affordable than Solarin.  Though SIRIN’s ICO numbers are impressive, their campaign is far from being the only one of note in the past six months. One of the other campaigns that do stand out…

It's Time for Governments to Embrace Blockchain

Governments are custodians of their citizens' most precious information – their Social Security numbers, their tax information, their votes, their identities. Now, a new technology is emerging that supports open government initiatives focused on unleashing innovation in the public sector. Using blockchain, governments can address the dual challenges of trust and transparency, and the need for data protection and privacy. Citizens increasingly expect the same ease, efficiency and innovation from public services that they currently enjoy in the private sector. Conflicting data formats, longstanding interoperability challenges and a need to balance the benefits of openness against a need to protect privacy have made it difficult for governments to unleash the full potential of their data – until now. Blockchain provides an immutable, transparent record of the truth, and it is changing how organizations carry out trusted transactions. Governments around the world are already exploring bl…

App Stores of Future Will Be Based on Blockchain, Promote Transparency

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In 2017, app stores saw record revenues and downloads. Across both iOS and Android platforms, downloads grew by 15 percent year-over-year to reach nearly 50 billion worldwide, taking total revenue to $15 billion. Google Play and the Apple App Store are the most widely used mobile marketplaces across the globe. It’s because of this duopoly that they are able to impose a 30% cut on all purchases, app downloads and in-app items alike. AppCoin wants to change this by utilising Blockchain technology, disrupting the traditional app economy. This economy is worth nearly $77 bln today and may double by 2020. What problems will it solve?The app economy is highly inefficient due to many intermediaries between the users and developers. It’s constructed by single entities that provide highly centralised platforms. These platforms offer distribution, discovery and financial transactions but have frustratingly non-transparent policies. These entities are also responsible for maintaining the apps and ga…

Is it Ever Too Late to Buy Bitcoin? $100 Then and Now

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One of the reasons that Bitcoin is capturing the hearts and minds of individuals is the stories of instant millionaires who have made their fortune from being an early adopter. People who were mining the coin or accumulating it by the hundred, and were smart enough to hold onto it today are experiencing unprecedented profit. With the monumental price gain, however, people are starting to wonder where the ceiling is, and if it is not fast approaching. To this end, there is a section of the population who are wondering: ‘is it too late to get into Bitcoin?’ However, this is not a new question, it is a question that was asked when Bitcoin was at $10, $100, $1,000 all the way up to over $17,000 where it sits today. There is, of course, no doubting that those who were really early to the party are the biggest profiteers, and for envy’s sake, it is worth looking at what has been achieved in just seven years. What would $100 of Bitcoin be worth today?Had you put $100 into Bitcoin starting back i…