Cryptocurrency: The Investors Guide
The money we use today, conventional currencies like sterling, is known as fiat money. While in the past this was backed by gold or silver, today it is backed by governments or central banks that can decree its function as a medium of exchange and influence its value through fiscal policies and interest rates. Cryptocurrencies are threatening this near-universal form of value exchange by disrupting the financial world with their digital, decentralised medium for transferring funds independent of governments or central banks. Unlike any other form of currency, they are based on mathematical proofs and regulated by encryption techniques. They are also increasingly used as a speculative asset. When a user spends a cryptocoin, a transaction is added to an electronic public ledger, called a blockchain, which is similar to a bank record. Cryptocurrencies are controlled by a community of unrelated parties known as miners independent computer farms in different parts of the world that validate transactions and are paid to do so in bitcoin. There are believed to be over 900 cryptocurrencies, but bitcoin is the oldest and best known. Other well-known ones include ethereum, ripple and litecoin. Meanwhile, numerous exchange services are emerging to allow people to convert regular currency to cryptocurrencies. The price of one bitcoin has grown from a few pence when it was created in 2009 to $3,432.90 at the time of writing, with most of that growth in the past couple of years alone. Initially suffering from slow uptake, driven by publicised hacks and reports that it was exclusively used for online black markets, bitcoin has gained legitimacy as governments, stock exchanges and large tech companies have become more open to investing in and using digital currencies. With bitcoins ma Continue reading >>
Salon Magazine Asks Readers With Ad-blockers To Mine For Cryptocurrency
Salon magazine asks readers with ad-blockers to mine for cryptocurrency The US-based news magazine Salon is asking readers with advert-blocking software to use their computers to mine for the cryptocurrency monero. Cryptocurrencies in 2018: what can we expect from Bitcoin and Ethereum? Readers using software to avoid seeing adverts are presented with a pop-up window, says the Financial Times , which asks them if they would like to use their computers processing power for calculations. These calculations are powered by a programme called Coinhive, the website says, which hides in readers web browsers and uses a portion of their computers power to solve complex algorithms to unlock monero a rival cryptocurrency to bitcoin. Coinhive is a controversial mining tool that was recently uploaded to government websites by hackers. It minesfor digital currencies by using the computer power of unsuspecting web users, reports BBC News . The BBCsays that Salon has not been targeted by cyber criminals and that the US publicationasks its readers forpermission before using the mining tool. While Salon magazines coin-mining approach could be seen as controversial, Tech Crunch says its a clever solution to recover advertising revenue that would otherwise be lost through people using ad-blocking software. But the move is a big ask from readers and its vital that those with less technical experience know what theyre getting into, the website says. As it stands, Coinhives name is only mentioned in the small tick-box that readers use to consent to the mining method, adds Tech Crunch. Theres no information about the software in Salons frequently-asked questions (FAQs) page. Continue reading >>
Bitcoin Blues: The End Of Cryptocurrency Fever?
Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR Finding investment ideas for your portfolio . If you are a new investor just starting to invest on your own or a well-experienced one, many investors are interested in selecting... Come and join Shares and AJ Bell Media at their Edinburgh investor evening on Thursday 31 May 2018. Our evening event provides an opportunity for Board... Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR Finding investment ideas for your portfolio . If you are a new investor just starting to invest on your own or a well-experienced one, many investors are interested in selecting... America Square Conference Centre, EC3N 2LB Are you retirement ready? Come to the Retirement Money Show to find out more about retirement planning. All attendees receive a goody bag and will be entered into prize draws. Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR Come along to the Shares and AJ Bell Investor Evening in London on 20 June 2018 and listen to and meet Directors of listed companies. The event gives you... Continue reading >>
Cryptocurrency Fund Offers Alternative Investment
Bitcoin Capital, a cryptocurrencyfund managed by Startjoin Tech CEO Max Keiser, showed the potential for bitcoin by raising over $1 million through a crowdfunding campaign on platform BnkToTheFuture. Bitcoin Capital will invest funds in mining, early-stage startups and cryptocurrencies, with daily dividends paid out in bitcoin. The fund is described as high return and high risk. FounderMax Keiser, a financial journalist, virtual currency inventor, entrepreneur and investor, and will manage the new fund, along with Simon Dixon, an ex-investment banker, investor, entrepreneur and co-founder of BnkToTheFuture. Keiser has always been an advocate of cryptocurrencies. He says: I have been critical of the traditional financial system for many years. I was the first global news outlet to cover bitcoin when it was trading at $3, recognizing its potential to change the world. Many startups in the bitcoin space credit Keiser Report for getting them started in the business. Bitcoin Capital allows the founders and investors to experiment with new crypto financial business models and currencies to transform global finance. Although investing in venture capital usually involves a little patience before seeing a return, Bitcoin Capital is able to pay investors daily dividends by investing a third of all funds raised in bitcoin mining. Bitcoin mining invests in sophisticated hardware that provides security to the bitcoin network in return for newly-created bitcoins. We have developed a model for finding startups to invest in which involves them initially crowdfunding through the Crypto CrowdFunding site StartJOIN, and then Bitcoin Capital may be able to top them up if they successfully raise their funds through an equity offering on BnkToTheFuture.com, said co-founder Simon Dixon, CEO Continue reading >>
Coindesk - Leader In Blockchain News.
David Marcus, vice president of messaging products at Facebook and ex-PayPal president, has joined the board of directors at Coinbase. The SECs analysis of DAO tokens being securities will have what sort of impact on token sales going forward? (select all that apply) Token sales will fall in quantity but rise in quality More token sales will start requiring accreditation More token sales will start excluding potential U.S. investors Investors will be more cautious and diligent on the token sales they invest in Exchanges will not list tokens as quickly and nonchalantly Venture capital funding will rise relative to token sale funding None of the above, token sales will continue similarly to how they have been I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>
Bitcoin: A Simple Guide To Digital Currency | Wired Uk
WIRED has been reporting on digital currency Bitcoin for several years, but in the past few months, a single bitcoin's trading value has swung significantly making it a regular fixture in headlines. Despite this, there remains a lot of confusion about what bitcoins are, how to use them and whether or not we are in a Bitcoin Bubble. Here's our simple guide to Bitcoin. Bitcoin is a peer-to-peer electronic cash system or "cryptocurrency" that doesn't rely on trusting one central monetary authority and allows for anonymous, untrackable and untaxable transactions. The idea was first discussed by members of the cypherpunk mailing list and then a workable system which used a distributed database spread across the nodes of a peer-to-peer network (a little like the one that underpins Bittorrent) that could keep track of transactions secured by cryptography was outlined by a programmer called Satoshi Nakamoto in a paper in 2008 and built in 2009. It seems that Bitcoin is an awkward combination of the two. The commodity value of bitcoins is linked to their currency value, but the more they become like a commodity, the less useful they are a currency. Anyone can install Bitcoin's mining software, which then uses the computer's processing power (using the CPU or GPU) to carry out intensive calculations you can think of it like trying to search for prime numbers. Lots of people might be working on the same unit of work - a computationally complicated problem. The aim is to find a certain sequence of data, called a "block", that produces a particular pattern when the Bitcoin "hash" algorithm is applied to the data. Whoever's computer manages to do that will win bitcoins. Psychology explains why your friends can't shut up about bitcoin When it started out, it was relatively easy to mi Continue reading >>
How To Invest In Cryptocurrency
Cryptocurrency was one of the biggest news stories of 2017, with investors clamouring to get in on the storming price gains. The price of a single Bitcoin rocketed from just under $1,000 at the start of last year to close to $20,000 in December. It has since dropped back to around half that level. Bitcoin isnt the only cryptocurrency out there, but it is possibly the easiest one to trade at the moment. However, Bitcoins value in real currency terms is incredibly volatile. A price chart for Bitcoin over the past 60 days looks like a mountain range. If you are tempted to start trading cryptocurrency the good news is you dont have to buy a complete coin, you can purchase a fraction of a coinso you dont need spare thousands to get started. You have now reached your limit of 3 free articles in the last 30 days. But don't worry! You can get another 7 articles absolutely free, simply by entering your email address in the box below. When you register we'll also send you a free e-bookWriting with punchwhich includes some of the finest writing from our archive of 22 years. And we'll also send you a weekly newsletter with the best new ideas in politics and philosophy of culture, which you can of course unsubscribe from at any time Prospect takes your privacy seriously. We promise never to rent or sell your e-mail address to any third party. You can unsubscribe from the Prospect e-mail newsletter at any time. Continue reading >>
Bitcoin Traded In For Gold According To Dealers | City & Business | Finance | Express.co.uk
People are converting theri bitcoin for gold Sharps Pixley, a subsidiary of Europes largest precious metal coin and bar outlet, witnessed a large amount of people calling trying to exchange their bitcoin with gold. Ross Norman, director at Sharps Pixley, explained customers as young as 25 come in looking to trade bitcoins which they accumulated when the price was below $1 with the tangible metal. The company does not take possession of bitcoin, but instead buys via an intermediary. Mr Norman said: Bitcoin is a bit of a lobster pot - its easy to get in, but hard to get out. Gold also offers investors 4,000 years of history as a store of value, and thats looking quite appealing right now. JPMorgan Chase head Jamie Dimon is one of Bitcoin's harshest critics Daniel Marburger, director at CoinInvest, a company that helps buy and sell rare coins and precious metals, said: Yesterday was a hell of a crazy day. Emails and phones did not stand still with customers asking how they could turn their crypto into gold. Bitcoin, along with other popular cryptocurrencies, has experienced a huge drop lately. The cryptocurrency is currently worth $11,714, while ethereum now stands at $1,069 and Ripple at $1.63. The falling dollar has also helped gold rise in value as it has seen a 7.5 per cent increase in the past month, this is a four-month high. Mr Marburger added roughly one bitcoin can buy about eight one-ounce Britannia gold coins. He said customers told us they were concerned that the massive price appreciation was unsustainable and they got nervous about it. He added: We think increasingly people are realising that these digital assets have much higher risk levels than the traditional safe haven asset. Mr Marburger also believes there are a few similarities between bitcoin and gol Continue reading >>
Whats The Best Cryptocurrency To Invest In?
These Stocks Just Went On Sale:Shah Gilani says were in the formative stages of a generational bull market that will make the savviest investors rich. And that means the market is actually marking down stocks and creating some of the biggest profit opportunities hes ever seen. Shah identifies his most promising recommendations in a brand-new report. Bitcoin, with its first-mover advantage and robust security, is the best cryptocurrency to invest in today. There are other cryptocurrencies worth putting some money into and well look at some of those in a moment. But Bitcoin (BTC) has emerged as the blue chip of the bunch. In a nutshell, heres why Bitcoin remains the best cryptocurrency to invest in despite all the competition: First-mover advantage:Bitcoin is the granddaddy of digital currencies. It gained traction and notoriety before most other cryptocurrencies were created. The relatively large user base means Bitcoin benefits from a network effect. As more people use Bitcoin, its utility increases, which in turn attract more new users. Biggest market cap:The total value of all bitcoins is about $41 billion, more than twice that of second-place Ethereum . Its a reflection of the lofty Bitcoin price, which is about $2,500 now, although it hit $3,000 in June. A large market cap makes it easier for wealthier players to invest, adding to demand that helps push prices higher. Capped supply:The code that runs the Bitcoin network specifies that only 21 million bitcoins will ever be created and that the rate of creation declines over time. Nearly 16.5 million bitcoins already have been mined. The tight supply, combined with steadily rising demand, is bound to drive prices up. Most other cryptocurrencies arent nearly so restrictive in regard to supply. Most secure network:The Continue reading >>
Newsnow: Cryptocurrencies News | Breaking News 24/7
NewsNow aims to be the world's most accurate and comprehensive cryptocurrencies news aggregator, bringing you the latest headlines from the best alt coins news sites. Whether it's the Bitcoin, Ethereum or Ripple, Monero, Litecoin, Dash or NEM, we've got it covered. Breaking news from each site is brought to you automatically and continuously 24/7, within around 10 minutes of publication. N.B. Relevance is automatically assessed so some headlines not qualifying as crypto currency news might appear. Please feel free to contact us regarding any persistent issues. [Read more] Continue reading >>
Cryptocurrency Mining Crimeblotter, Apache Couchdb & Other Vulnerabilities
The malicious Chrome extension FacexWorm is targeting cryptocurrency trading platforms via Facebook Messenger in order to steal account credentials for Google MyMonero and Coinhive. Attackers recently distributed a trojanised calculator app that downloads a cryptominer targeting Bitvote (BTV), a forked version of Bitcoin that launched just last January. A cryptocurrency mining worm written in the same open-source scripting language used for creating Windows hotkeys and using polymorphism is giving conventional threat detection techniques a run for their money. "Good investments don't bite you on the bottom and say we're here. It takes good old hard work and research, the kind they do at Smith Barney ... they make money the old fashioned way: They earn it." An unknown hacker exploited a vulnerability in the Verge cryptocurrency platform which allowed an attacker to mine the coin at nearly 1,560 Verge coins (XVG), or about US$ 78 (55), per second. A relatively unknown cryptomining malware dubbed "Rarog" is giving cyber-criminals an affordable way for entry level players to enter the field. The well-known Apache Struts 2 Jakarta Multipart Parser remote code execution cryptocurrency campaign, is now being used by cyber-criminals to mine Electroneum coin by targeting systems running Windows operating systems. A cryptocurrency mining gang is using a function normally found in SLocker Android ransomware to add self-protection and persistence to what Trend Micros is calling HiddenMiner. Hackers more likely to use cryptocurrency mining malware than an exploit kit, report says. Malware campaigns have shifted focus onto Microsoft and cryptocurrency mining rather than using flaws in Adobe Flash and exploit kits. Security researchers have discovered a new form of cryptocurrency min Continue reading >>
Blockchain And Cryptocurrency
Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR Finding investment ideas for your portfolio . If you are a new investor just starting to invest on your own or a well-experienced one, many investors are interested in selecting... Come and join Shares and AJ Bell Media at their Edinburgh investor evening on Thursday 31 May 2018. Our evening event provides an opportunity for Board... Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR Finding investment ideas for your portfolio . If you are a new investor just starting to invest on your own or a well-experienced one, many investors are interested in selecting... America Square Conference Centre, EC3N 2LB Are you retirement ready? Come to the Retirement Money Show to find out more about retirement planning. All attendees receive a goody bag and will be entered into prize draws. Novotel Tower Bridge, London EC3N 2NR, EC3N 2NR Come along to the Shares and AJ Bell Investor Evening in London on 20 June 2018 and listen to and meet Directors of listed companies. The event gives you... ("Veltyco", the "Company" or the "Group") The Board of Veltyco Group plc (AIM:VLTY), the online marketing company for the gaming industry, is pleased to announce that is has commenced discussions with blockchain and cryptocurrency providers to enter into partnerships to enable Veltyco's customers to use cryptocurrencies to create one wallet for the Group's various operating partners in the gaming industry. A cryptocurrency is a digital currency in which certain principles of cryptography are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of any central bank. Cryptography is used to secure the transactions and to control the creation of newcoins. Veltyco is planning to offer its customers t Continue reading >>
Whats Happening For Cryptocurrency In The Uk?
Despite Londons status as the financial capital of the world, cryptocurrency has, since its inception, had a difficult time in the UK. A United Kingdom-wide bank blacklist of Bitcoin companies has meant any company in the Bitcoin industry has been forced to bank elsewhere in Europe. Even Coinbase, one of the largest cryptocurrency exchanges, only takes UK deposits that are sent through the Single Euro Payments Area (SEPA) system , a European Union payment-integration initiative , to a bank in Estonia. This problem is only set to be compounded by the UKs exit from the European Union, whereby this system is likely unable to see continued use in the UK, dependent on its exit deal. Nonetheless, searches for buy bitcoin in the UK have seen a monumental rise since December 2017, after the cryptocurrencys price surged from under $1,000 (724) at the start of 2017 to almost $20,000 (14,487) in December. Alternative cryptocurrencies like Ethereum, Litecoin, and Ripple have witnessed similarly drastic rises in the UK as professional and armchair investors alike attempt to make their millions off the next Bitcoin. There are difficulties for Bitcoin-purchasing consumers too, as UK banks block legitimate purchases of the cryptocurrency from reputable retailers in the UK in an attempt to slow the rise of the bank-alternative cryptocurrency that deprives the institutions of the transactions fees that line their pockets. As of 2016, Lloyds Bank Plc, which accounts for 27% of the UK banking market share , was still blocking these transactions. However, anyone in the cryptocurrency community will tell you it will take more than this to stem the flow of money and ideas into the industry. Mainstream banks attempts to stifle its growth only serve to legitimise it as a genuine threat to thei Continue reading >>
Salon Magazine Mines Crypto-cash With Readers' Pcs
Salon magazine mines crypto-cash with readers' PCs Dave Lee North America technology reporter These are external links and will open in a new window Image caption Salon prompts readers to make a choice between viewing ads or mining cryptocurrency News organisations have tried many novel ways to make readers pay - but this idea is possibly the most audacious yet. If a reader chooses to block its advertising, US publication Salon will use that person's computer to mine for Monero, a cryptocurrency similar to Bitcoin. Creating new tokens of a cryptocurrency typically requires complex calculations that use up a lot of computing power. Salon told readers: "We intend to use a small percentage of your spare processing power to contribute to the advancement of technological discovery, evolution and innovation." The site is making use of CoinHive, a controversial mining tool that was recently used in an attack involving government websites in the UK, US and elsewhere . However, unlike that incident, where hackers took control of visitors' computers to mine cryptocurrency, Salon notifies users and requires them to agree before the tool begins mining. Image caption Allowing mining means your computing power is suddenly put to serious work "I've opted-in to Salon's new revenue model using Coinhive," wrote security researcher Troy Mursch. "100% of my CPU [central processing unit] is now used by them to mine cryptocurrency. As my computer slows to crawl and quickly begins to heat up, I struggle to navigate their website." The approach harnesses a computer's spare processing power when the user is browsing Salon.com after a user accepts a prompt asking for permission. Shortly after, the computer is put to work. Readers will likely hear their machine's cooling fans kick into action, a Continue reading >>
Ripple Is Not Like Bitcoin And Not A Cryptocurrency | City & Business | Finance | Express.co.uk
LiteCoin is going down with the market dip [coindesk.com] Mining is the processing of transactions in the digital currency system, in which the records of current bitcoin transactions, known as a block, are added to the record of past transactions, known as the blockchain. Ripples setup has no miners, as all 100billion coins were created when the network launched in 2012. The creators kept 20bn for themselves and gave the rest to the company in charge of Ripple, called Ripple Labs. Ripple also requires a more specific computer to validate transactions, and needs the computer to identify itself and obtain permission to participate in the network. On the other hand bitcoin allows any computer to join. This system means that the company controlling Ripple has a large amount of control over it meaning it is not decentralised. Decentralisation is the process of distributing or dispersing power away from a central location or authority. Bitcoin is decentralised. Ripples main aim is to become a bridge currency that financial institutions use to settle cross-border payments faster and more cheaply. Ripple can settle up to 1,000 transactions per second where as bitcoin can only handle seven. So far both American Express and Santander have partnered with Ripple to speed up cross-border payments between the US and the UK by using blockchain technology. Demand for the next cryptocurrency success story to follow bitcoin has pushed the price to highs of $2.04. Continue reading >>