Gsbt

Bitcoin  Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the  cryptocurrency market cap  clawed its way back to $574 billion, representing a 38 percent recovery from Wednesday’s intraday low of $415 billion. Bitcoin Price Eyes $12,000 Wednesday served as a trial-by-fire for recent bitcoin investors, some of whom had purchased the flagship cryptocurrency for $19,000 at the height of the rally in mid-December. Bitcoin Price Chart The correction forced the  bitcoin price  below $10,000 for the first time since early December, but Thursday’s rally enabled bitcoin to regain a bit of the ground it had lo

script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"> Bitcoin  A Credit Suisse report downplayed fears that the growth of the bitcoin mining industry would initiate an “environmental armageddon.” Bitcoin Mining Not an ‘Environmental Armageddon’ script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"> The emergence of bitcoin as an economic force has had a correlative effect on the  bitcoin mining industry , as increased profitability has attracted more miners to the ecosystem. This increased hashpower has come at the price of increased electricity consumption, provoking consternation among environmental activists and leading some critics to warn that bitcoin could cause a global energy crisis. However, a new report from Credit Suisse Group throws shade on those apocalyptic predictions. Last Week, Morgan Stanley  predicted  that cryptocurrency miners could consume as much as 140 terawatt-hou

Kodak, the  iconic photography company  first established in in the 1880s, has joined the blockchain and ICO age. Today, January 9, 2018, it announced a new blockchain-based platform with WENN Digital to empower and protect image makers, photographers and artists. The new platform, known as  KodakOne , will enable users to register their work and license it with the platform. The image rights management platform will utilize the new  KODAKCoin  cryptocurrency to provide photographers with a new revenue stream and secure platform for protecting their work. The smart contract associated with KODAKCoin will ensure that photographers receive payment immediately upon their work being licensed in addition to receiving a share of the overall platform revenue. The platform will also continually scan the web to monitor and protect the artist’s IP and assist them in dealing with illegal use of their work. “For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords,

Victims lost $1.33 billion to cyber criminals in 298,728 cases, with hackers stealing and extorting $28.3 million in cryptocurrencies in 2016. On June 22, the Federal Bureau of Investigation presented its annual  Internet Crime Report  for the year of 2016. The FBI analyzed the victim reports at the  Internet Crime Complaint Center  (IC3) and used the information from their database to publish the annual study. It is important to mention that, according to the Department of Justice’s research, only an  estimated 15 percent  of the U.S. fraud victims reported their crimes to law enforcement. The FBI highlighted multiple “hot topics” regarding internet crimes for the year of 2016. This included Business Email Compromise (BEC), which resulted in the loss of $360 million from victims, currently standing in first place in the category of most damage caused. BEC is a sophisticated scam targeting companies working with international or foreign businesses or suppliers who conduct wire

Digital currency practices have exploded in recent months, bringing to the forefront new regulations. This means VC investors looking to get a piece of the action need to do further due-diligence and remain informed on the legal side. According to  Inside Bitcoins , last year two Bitcoin and blockchain-related startups raised over $1 billion in total investment. This is a massive increase from the $347 million invested in the space in 2014. So what are the latest issues around cryptocurrencies? How will the recent  SEC announcement  impact investors? Bob Graham, partner and head of the digital currency services practice at  Friedman LLP , has been receiving inquiries from both Bitcoin and blockchain-related firms and investor funds asking for audits and advice. Graham tells  Bitcoin Magazine  in an exclusive interview what VC investors should be aware of and how Bitfinex recently engaged Friedman to assist with an audit. What issues are VCs facing related to digital currency? The

A fork could change the equation for thousands of bitcoin users. The biggest, newest fear for bitcoin investors and users is a fork. In financial terms, a fork isn’t for eating — it represents a split in the currency that could significantly destabilize the cryptocurrency’s value by splitting it into two completely different currencies — “bitcoin classic” and “bitcoin current.” Right now, bitcoin’s price has been rising, but come August 1, there’s a small chance its future could change forever. So when will Bitcoin fork, and what does that mean for the future of the currency? The answer is a bit complicated. To understand it, here’s a rundown of the central problem facing bitcoin and the various ways its software-savvy community is trying to fix it. The problem Bitcoin has one central problem — it’s slow as heck. The world’s leading cryptocurrency is crippled by its meager ability to facilitate a mere seven transactions per second. As more and more people buy in and adopt the cry

Bitcoin Press Launch: Hubcoin gets on a mission to unite altcoin programmers by producing different devices for them and also helping the whole crypto-community with financial investments and also promotions.July 25, 2017, Minsk, Belarus– Belarus-based blockchain company Hubcoin prefers to report that 300,000 (10%) of the complete pre-mined HUB symbols was dispersed between all other altcoin programmers, that consented to receive them. The decision corresponds with the ongoing  HubCoin ICO, running from July 17, 2017, till July 31, 2017. During the ICO, the platform has made continuing to be 3,000,000 CENTER tokens readily available for purchase to the investors.The Hubcoin platform thinks that the recent experiments with reasonable coins have actually revealed wonderful success and also yet leaves a great deal of unrealized protocol. Complying with other premine distribution tasks like NEM as well as Auroracoin, Hubcoin has determined to designate 10% of all its premined HUB tokens