Cryptocurrency News With URL like dollardestruction.com

Introducing the Next-Gen, Water-Cooled Mining System!
We take a closer look at the next big thing in the world of cryptocurrency mining.. the next-generation, water-cooled multi-miner produced by Buritino!  Mining is one of the main methods to make money on cryptocurrencies. Anyone can join the network providing his or her equipment to perform encryption and validation calculations. Nowadays the majority of the mining equipment is produced by two companies BitFury and Bitmain. Both companies produce equipment but they share the market. Bitmain works at mass market and produces standard ready-to-use equipment.  BitFury works with professional orders and adjust products for specific projects.

Beam me up crypto confidentiality A new crypto project is the first to launch a protocol that aims to improve cryptocurrency by one simple feature: confidentiality
Beam, a new private store-of-value cryptocurrency, has officially been unveiled and is now available to the public. The name, Mimblewimble, is a reference to a spell in the Harry Potter universe that stops people from spilling secrets.According to Beam it is the first ever live implementation of Mimblewimble. The latter is a blockchain protocol proposed anonymously in 2016 much like the anonymous publication of the Bitcoin whitepaper?. Let's not forget, Bitcoin's genesis was on 3 January 2009. Sovereignty over one's own information is a basic human right, and applies to all aspects of life, and especially to financial transactions, says Alexander Zaidelson, CEO of Beam. Everyone, from the largest institutional investors to the individual cryptocurrency holder, should have the right to decide on what to disclose and to whom, including the right not to disclose anything to anyone, because fundamentally everyone is entitled to the sovereignty of their own assets.

Top Energy Blockchain Companies To Look Out For This Year
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GSC Platform is the Future of the Supply Chain
The Supply Chain Industry is a 54 Trillion U$D Industry! The main source of expenses for companies is related to purchases and it is up to 80% of the total expenses. The current supply chain process is full of tedious and time consuming tasks for the purchasing department. The lack of transparency (parts certification-counterfeited parts), speed, security and automation lead to huge losses for companies and significant delays in their sales, while jeopardising their customers safety. We provide to businesses a blockchain backed purchasing management software to bring them an easy way to handle their supply chain process. Businesses will be autonomous to improve their sale margins and secure their own data.

'INSTITUTIONAL MONEY WILL FINALLY FLOW INTO CRYPTO IN 2019!
Technology investment bank GP Bullhound has predicted that 2019 will be the year that institutional capital finally flows into cryptocurrency. According to its annual report into the technological trends that will shape the next 12 months, blockchain activity is picking up with even traditional financial institutions ensuring they do not get left behind. With previous obstructions and tight regulations lifted, GP Bullhound predicts more institutional capital will flow into cryptocurrency and blockchain next year. READ GP BULLHOUND'S OTHER TECH PREDICTIONS The move will not be solely financially motivated, but backed by increasing demand we see on the corporate and family office side and their desire to build positions?, the company said.

DENMARK HAS OVER 1,500 RESTAURANTS THAT ACCEPT BITCOIN
Strapped for cash with a bad case of the munchies You're in luck. If you live in Denmark, that is. You can now use your bitcoins again at Hungry.dk to order online takeaway from over 1,500 restaurants. Denmark may be more famous for its pastries and its Vikings, but it seems the small Northern European country is breaking new terrain once again, just like its ancestors prior. There aren't all that many places that allow you to buy food with bitcoin and it's not often that much of an incentive since you could end up losing out big time when the market goes up. But still, it's nice to know that there are companies blazing the trail for virtual currencies to use as a form of paymentand people who actually want to use their bitcoins in this way.

Positive cryptocurrency reviews being sold for thousands of dollars
Whilst the number of initial coin offerings (ICOs) has declined a little in line with the falling value of cryptocurrencies across 2018, they're far from an endangered species. Furthermore, a good ICO can still financially fuel a startup company. However, getting some exposure for an ICO amongst so-called cryptocurrency influencers is easier said than done. Perhaps it shouldn't be a surprise, then, to learn that reviews are allegedly being sold for five figure sums in some quarters. As per an investigation at Reuters, a start-up by the name of Hacken was looking to raise some $3m last year, and drew up a list of over 100 social media figures it wanted to get to in order to build publicity for its project. It allegedly paid the host of Alternative Media Television, Christopher Greene, the sum of $7500 for a review of its coin, that duly appeared in a hugely positive video back in June of this year.

UK Financial Regulators At-Ease to Issue New Crypto Rules
The UK's government officials and major financial regulators revealed that a fall in the price of Bitcoin and other cryptocurrencies has relieved the tension on Britain's financial watchdog to take fundamental action that could dissuade or discourage financial innovation and investment. The very swift boom in Bitcoin (BTC) and other major ICOs in 2017 prompted central bankers and regulators across the globe to oversee the industry. But a decline in crypto value over the past 12 months as crypto investors make losses and a fall in BTC, which plunged by up to 10% on Tuesday, November 20, to reach around $4,400, has made it easy for the government and regulators to issue sturdy new rules.

A good bit of business for Estonia - about £3k per listing
Estonia's regulators have granted over 500 licenses to crypto firms who've launched digital asset exchanges in the Baltic nation. The nation's authorities have also authorized more than 400 crypto wallet service providers. Estonia, one of the world's most digitally advanced societies, has reportedly issued over 900 licenses to cryptocurrency and blockchain-related firms in the past year. 500 Crypto Exchange Licenses, 400 Wallet Service Licenses Issued Government officials in the Baltic nation have adopted a progressive approach to regulating cryptoassets, however, local companies have complained that Estonia's financial institutions are still reluctant to provide standard banking services to crypto-related businesses. Notably, Estonia was among the first countries in Europe to develop regulations and legalize crypto-related transactions.

Interesting read for everyone caught up in this Initiative Q thing!
Initiative Q hasn't even been launched yet, but it already has a reputation. Founded by former PayPal, the online payments giant, employee (and founder of Fraud Sciences Corp., acquired by PayPal in 2008) Saar Wilf, the startup is inviting select individuals to sign up early to its payment network and encouraging them to enlist their friends. However, despite announcing that two million people from over 180 countries have already signed up to use the network once it launches, Initiative Q's system is not offering a new cryptocurrency or blockchain. Yet even though it clearly states this on its website, it has been flagged as possibly the next Bitcoin by certain members of the press.

Former CIA Cryptographer Says Bitcoin Is Perfect Vehicle for 'Entire Shadow Banking System'
Bill Barhydt, a former cryptographer at the Central Intelligence Agency, and the founder of cryptocurrency investment platform Abra, maps out how cryptocurrency can operate outside of the current regulatory environment to power a crypto bank. In a new Off the Chain interview with host Anthony Pompliano of Morgan Creek Digital, Barhydt notes that is collective experience is various industries from intelligence to the internet to finance has all come together, allowing him and his team to lay the groundwork for a radically different banking model for everyday people. In addition to the CIA, Barhydt worked as a quantitative analyst in fixed income research at Goldman Sachs and as the former technical director at Netscape where he focused on e-commerce and banking projects.

As bitcoin is over 10 years old now, where do you see it in ten years time I personally see it in every retailer on the high street with banks working with bitcoin, offering bitcoin savings accounts
When Bitcoin was born ten years ago, the world was torn by financial crisis. It was 2008. Major governments had piled up massive debts. Lehman Brothers failed, triggering a chain reaction of even greater failures in the banking system. Governments responded by printing unlimited quantities of money. And Bitcoin was born as Satoshis indignant response to the mess they created. The dream: To create a peer-to-peer system of electronic cash, killing three birds with one stone: First, Bitcoin would unshackle money from the control of those who created the financial crisis. Second, it would replace their behind-the-scenes deliberations and manipulations with the first-ever form of money that has a built-in monetary policy. Third, the monetary policy would be stable, predictable and completely transparent visible to everyone. That was the dream. But it has not been the reality. Bitcoin will more closely resemble a store of wealth (like gold) than a system of electronic cash.

XLM defies the market and rises 7% against the trend
Stellar Lumens (XLM), the token of cross-border payment solution Stellar and the strongest competition to Ripple, has defied the flatline trend of todays crypto market and made impressive 7 percent gains. Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and EOS, by comparison, all have less than 1 percent gains. The additional gains add to an overall 13 percent in upward movement that Stellar has enjoyed this week, following the shocking announcement on Tuesday of an impending 500 million XLM (approx. $125 million) airdrop facilitated by Blockchain.com. News of the airdrop came as a surprise to the crypto community, considering the amount of assets involved and the fact that airdrops have increasingly become associated with failed ICOs. However, Stellar founder Jed McCaleb stated in the announcement that he believes airdrops are essential for creating a more inclusive digital economy and giving away Lumens for free is an indication to communities to design the services they need.

'Transaction Count' On Blockchain Networks is An 'Inferior Measure', Coinmetrics Co-Founder ExplainsDollar Destruction
Nic Carter, the co-founder of Coinmetrics.io, an online resource for technical analysis of cryptocurrency prices, recently published a blog post in which he noted that we must consider transaction capacity (tps), typical transaction characteristics (transaction size), and settlement assurances in order to assess the effectiveness of a value transfer system. According to Carter, the financial bandwidth of a system during a given time period may be measured by looking at its transaction size and capacity. Meanwhile, the settlement assurances of a value transfer system help us assess whether or not we will receive a chargeback or be defrauded?, Carter noted.

I was on the phone to a friend of mine across the pond discussing debt
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto. When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can't possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto. Voorhees suggested that to repay the national debt, the government and the federal reserve will be forced to print more fiat money, leading to inflation and a decline in the purchasing power of the US dollar.

Bitcoin and Altcoins Consolidating Gains Above Key Supports
Bitcoin price A fresh correction wave was initiated from well above the USD 6,600 level in bitcoin price . BTC/USD traded below the USD 6,575 level and tested the USD 6,550 support (the previous resistance). The price is currently consolidating and it seems like there could be a renewed upside above USD 6,580 in the near term. On the flip side, if there is an extended downside correction, the price may perhaps test the next major support at USD 6,500. The overall price action is positive as long as bitcoin is above USD 6,550 and USD 6,500. Ethereum price Ethereum price also corrected lower recently and traded below the USD 220 level. ETH/USD tested the USD 215 level and it is currently consolidating. If it stays above USD 215, there might be an upward move above the USD 220 level. If not, the price could slide further towards the USD 208 support, which was a significant barrier for buyers previously and now it is likely to hold losses.

Snark
Snark.art, a digital laboratory for blockchain-based art, has unveiled its first artistic collaboration with artist Eve Sussman. The new art piece, called 89 Seconds Atomized is an attempt to introduce and illustrate the concept of collective ownership, the company said on Wednesday. 89 Seconds Atomized is a re-invention of Sussman's acclaimed video artwork, 89 Seconds at Alcazár, which attempts to capture the moments before and after the image depicted in the seminal work Las Meninas. The 1656 painting by Diego Valezquez is one of the most analyzed and discussed works of art in history, and widely considered one of the most important.

Augur Accurately Predicts 2018 US Elections
The blockchain-based prediction market Augur, whose native token REP is ranked #48 with a market cap of USD 163 million as of 7 November 2018, accurately predicted the 6 November United States elections. During the morning of the election, before any polls closed, Augur predicted a 74% chance that Democrats would take the House, and a 90% chance that Republicans would take the Senate. After President Trump's declaration hours ago of a Big Victory after the Repulicans won the Senate, Augur's predictions have now been confirmed as fact. There were USD 1.366 million of bets at stake on the Which party will control the House after 2018 US Midterm Election prediction market. This represented 48.5% of the USD 2.804 million of money at stake across all of Augur's prediction markets. Even though the House has been confirmed as a win for the Democrats, the odds for the Democrats winning sits at 97%, leaving a 3% spread that investors can easily profit on, so money continues to pour into the contract. However, the prediction market will not be closing out and disbursing funds until 10 December 2018, so users will have to wait for their profits.

Crypto Friendly Candidates Take California and Colorado
The crypto space has scored two big wins in this mid-term election as two crypto friendly candidates become governors of California and Colorado. Gavin Newsom scored big, winning 59% of the votes. The Democrat defeated John Cox (R) to become California's governor. He has the backing of the Winklevoss twins, who collectively donated $116,800 to Newsom's campaign up to December 2017. That was in fiat, but he has a BitPay page where US citizens can donate in crypto, limited to bitcoin or bitcoin cash. Newsom does not appear to talk much about blockchain tech, with his support for this space being more subtle. In 2014, he said:

Tron (TRX) Accelerates to Over One Million Daily Transactions
Tron is back in the news as Justin Sun makes another move. A few days ago, there was a lot of talk about Tron aiming to surpass its target of 1 million daily transactions. Well, it seems that the good news is now hitting our screens even earlier than expected, and there's more than just the news. Just days before Tron achieved the said 1 million daily trades, the CEO and founder of the company, Justin Sun, started a contest and pledged to dish out some nice rewards to 5 random winners. In the contest, his followers were asked to predict the date when Tron would hit the 1 million transactions target.

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