Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

Since the project launched a little over six months ago, (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network&rsquo
Source: devcoins
Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable for the excess fuel. It’s often vented into the atmosphere. Startups are now
Source: devcoins
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

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Indian Government Breaks Silence on Crypto Regulation

The has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of . The also confirmed that the report w
Source: devcoins
Indian Government Breaks Silence on Crypto Regulation

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Market Outlook: Crypto Bulls Rally After Bearish Downturn

Since July 13, digital prices have dropped in value significantly, but most coins have since experienced some recovery. While many supporters are optimistic on where the are headed, traders and analysts have noticed a bullish-to-be
Source: devcoins
Market Outlook: Crypto Bulls Rally After Bearish Downturn

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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities r
Source: devcoins
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

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AO: An information currency, marketplace, and DAO. Would you buy a cup of coffee with a kilobyte?

What’s ?

AO is a denominated in size based on , a decentralized marketplace, and a Decentralized Autonomous Organization (DAO) that controls both.

Why create a currency denominated in information size?

Our vision is to someday make it possible to buy a cup of coffee with a kilobyte. We think a decentralized currency based on the value of information can reach stability with inherent value. AO is backed information’s value, like how the value of gold used to back the USD. AO represents the capability to purchase, sell, store, or transmit information on an open global network, so we think it may reach stability from its utility without a peg to off-chain assets. Information can be the new dollar.

How does AO’s decentralized information marketplace work?

Kind of like a torrent protocol, except with the capability of selling the information distributed. Information creators can add their information (videos, music, books, applications, etc.) to an open decentralized network. Creators split profits with the nodes that make their information available.

How do nodes work with AO?

A node can buy information with AO’s currency, which is split between the information’s creator and the node(s) that sent the bytes over the network. Once that information is purchased, the node can re-send the bytes over the network and participate in future purchases to earn more AO.

How is new AO created?

New AO is created on information transactions and given to the senders, receivers, and the DAO. It’s kind of like a reverse tax, where new AO is minted from economic activity to economic participants vs taken from them.

How does AO’s DAO work?

The DAO controls all the smart contracts, expenditures, and variables related to AO’s operations. It acts like project management software, a social network, and a democratic system. Information creators earn a voting currency called Pathos. Nodes earn a voting currency called Ethos. Pathos and Ethos are used to vote on what the DAO should do. When they come together, they create a third currency called Logos, which enables individuals to lead projects for the DAO. The vision is to enable anyone to work for the DAO.

What state is the project in?

The components of AO living on Ethereum are on main net, with a test net on Rinkeby. The node applications that interact with Ethereum and transact information are available for download in preview states.

How is AO financed?

AO has not done an ICO or taken centralized financing. Work so far has been done by individual contributors. It is launching fully decentralized. To finance future development, AO’s DAO is running a “Network Exchange” where it will accept Ethereum in exchange for AO+, which is a special type of the AO currency that is supply capped and provides the capability to earn more AO on information transactions through AO’s inflation mechanic. All funds received from the Network Exchange are sent directly to and held in the custodianship of the DAO.

Why is AO built on Ethereum?

We felt it was the most stable, reliable, and decentralized blockchain platform today. Additionally, Ethereum’s gas mechanic governs compute operations on a decentralized VM, while AO governs storage and transmission, so we felt the two complement each other nicely.

How do AO’s databases work?

Completely decentralized! AO’s non-Ethereum functionality is still distributed and decentralized, with its data architecture built on top of the DAT Protocol interfacing with the EVM. Any given AO node is acting as a part of a DB and storage for the overall network.

How can I get involved with AO?

The AO project is looking for all the help it can get. If you can code of have ideas, you’re welcome to participate in the DAO. Because AO has not been financed previously, contributing to the Network Exchange will help the DAO hire more help.

AO does not have a discord, telegram, or social media. Instead, the DAO provides a reddit-like interface to communicate, learn more, and add to the conversation. We’re trying to keep everything-AO decentralized. Hope to see you in there.

Where can I learn more?

The application previews and Network Exchange are available at: https://ao.network

AO’s whitepaper is available at: https://ao.network/assets/AO_Whitepaper.pdf

AO’s code is open source and available to review at: https://gitlab.paramation.com/ao

AO’s smart contracts are at: https://gitlab.paramation.com/ao/ao-contracts/tree/master/contracts

A preview of the DAO’s interface: https://ao.network/#/the-ao

An expanded FAQ is available at: https://ao.network/#/summary

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Source: ethereum
AO: An information currency, marketplace, and DAO. Would you buy a cup of coffee with a kilobyte?

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Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950

Is This Where The Bitcoin Rally Kicks Off? Opinions From The Bigwigs

bulls went berserk yesterday, driving the up by a 10% gain in less than an hour. BTC soared above the $10,500 resistance area and even tested $10,800 before beginning to correct downwards. At press time, bitcoin is trading above $10,300 but analysts believe that more losses should be expected if the price does not rally past the $10,800 resistance level.

In fact, popular analyst and trader Josh Rager commented on recent upswing suggesting that until the price hammers $10,950, the bearish bias remains. Strong move today but the candle closed under both daily resistance and the monthly open (from July 1st) resistance. Notice how this area previously supported but now flipped resistance. This is the first level that BTC needs to reclaim for bullish continuation,” Josh summarized.

So, what is spurring this bearish ?

Increased Regulation By The US

Notably, bitcoin is a very volatile asset, just like all other digital cryptocurrencies. Therefore it wouldn’t come as a surprise if this wild volatility drove the prices down to 4-digits again. However, bitcoin, Libra and cryptocurrencies, in general, have been drawing a lot of attention, predominantly negative, from lawmakers, politicians, and regulators all over the world lately.

Actually, just yesterday, the US Treasury Secretary warned the bitcoin community that the government was intending on imposing “very, very strict regulations” on bitcoin and other cryptocurrencies. It’s not news that this kind of scrutiny weighs heavily on bitcoin’s price as such regulations tend to spook investors.

CFTC Probe On BitMEX Exchange

According to a report by Bloomberg, the US Commodity Futures Trading Commission (CFTC) is investigating BitMEX, a Seychelles-based cryptocurrency exchange over the claim that it was allowing US traders on its platform, therefore breaking jurisdiction laws.

After this news broke, the price of bitcoin plummeted by $500 within a few minutes even though neither CFTC nor BitMEX has provided further details about this ongoing investigation. To the bitcoin community, this CFTC investigation is likely to magnify investors’ worst nightmare: increased government regulation.

It’s Not All Gloom And Doom For Bitcoin

Bitcoin has hit a very important milestone following a recent recognition in China. On July, 18th 2019, the Hangzhou Internet Court, the second court so far, legally recognized bitcoin as a “virtual property” as publicized by Dovey Wan, a -analyst-cum-investor. This implies that hereafter, bitcoin will be protected by the Civil Laws of China. Dovey went ahead to provide a link to the coverage by a local media house. 

Dovey pointed out this great progress for bitcoin tweeting, “This case is a milestone that manifested BITCOIN IS ACTUALLY LEGAL in China so please STFUDup on Bitcoin is illegal in China from now on.” It’s very monumental for bitcoin because for the longest time ever, China had imposed a ban on trading bitcoin by its residents.

However, China’s stance on Facebook’s cryptocurrency, Libra, is unfriendly, even recently prompting the Peoples’ Bank of China (PBoC) to develop its own digital currency to counteract Libra.

The post Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950 appeared first on ZyCrypto.


Source: zycrypto
Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above ,950

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SKYCOIN Price Prediction Today: Daily (SKY) Value Forecast – July 19

The bulls are in control short and medium-term . Traders may look to buy at pullback areas. SKY/USD Medium-term Trend: Bullish Supply zones: $2.00, $2.20, $2.40 Demand zones: $1.00, $0.80, $0.60 SKYUSD is in a bullish trend in the medium-term . With a large bullish candle at $1.07 on 17th July, the bullish momentum has […]
Source: bitcoinexchangeguide
SKYCOIN Price Prediction Today: Daily (SKY) Value Forecast – July 19

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Bitcoin Is Not Banned In India: Finance Minister

bitcoin is not banned


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The union finance minister of , Anurag Singh Thakur is in the latest cryptocurrency news for a statement in which he said that holding or trading cryptocurrencies like is not in the country.

As Thakur told the upper house of the parliament, the issues of permitting the trading of/in cryptocurrencies remains under full examination of a -appointed interministerial committee.

Thakur also stressed that the Reserve Bank of India and the Ministry of Finance had issued a string of circulars and notices regarding the use of Bitcoin and other similar coins. Nonetheless, only a final report from the committee could shed light on the final status of such nascent asset class.

His statement showing that Bitcoin is not banned in India was all over the altcoin news too and read:


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“Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”

The response also followed Bloomberg Quint’s coverage which was based on an alleged ban draft which mentioned that the government of India would sentence traders with a ten year jail time. However, the Finance Minister Thakur said that Bitcoin is not banned in the country. Also, a New Delhi-based lawyer named Varun Sethi this week shared a leaked page from the same draft which clarified that the Indian government was planning a crackdown on traders.

“It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital in India. No decision on licensing and authorising any entity or company to operate such schemes or deal with Bitcoins or any virtual has been made as yet,” he said in the document which was shared on many best cryptocurrency news sites.

The reply about the question of whether Bitcoin s banned or Bitcoin is not banned comes ahead of the next Supreme Court hearing of the so-called Crypto vs. RBI on July 23.

The post Bitcoin Is Not Banned In India: Finance Minister appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Bitcoin Is Not Banned In India: Finance Minister

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Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

hovers above $10,000, while other assets are experiencing moderate gains and losses


Source: news
Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

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