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BitFury Invests in Pan-African Bitcoin Trading Platform BitPesa

Bitcoin  Bitcoin blockchain mining infrastructure provider  BitFury  has announced it has made a strategic investment in the universal African Bitcoin exchange   BitPesa . Founded in 2013, BitPesa sees itself as an easy way for businesses and individuals worldwide to buy and sell local African currencies through Bitcoin to Kenya, Nigeria, Uganda and Tanzania with the monetary settlement taking place directly with African banks and mobile money accounts. BitPesa is also one of the few Bitcoin organizations in Africa that provide bank deposits and withdrawals, which allows senders and receivers to take advantage of cheap, efficient and quick payments using Bitcoin to exchange African and international currencies. This removes the dependence on other currencies such as the U.S. dollar that have high international conversion rates. BitFury CEO Valery Vavilov told  Bitcoin Magazine  there has been a serious lack of investment in financial infrastructure across Sub-Saharan Africa. “Thi

How Blockchain Technology is Helping to Clean the Niger River

 Blockchain  Ogoniland, situated off the coast of the Gulf of Guinea in southeastern Nigeria, is considered the most polluted region along the Niger Delta and among the worst in the world. Even though the Niger Delta is rich in resources, poverty, pollution and unemployment are rife. One of its primary resources is oil, and consequently, many companies take advantage of the region. According to the  United Nations Environment Programme  (UNEP), the oil industry has been a key factor in Nigeria’s economy for 50 years. As a result of oil drilling and spills by Shell and other companies, however, the land has been devastated, the vegetation decimated, fish numbers depleted, and surrounding mangroves, swamps and creeks contaminated. Consequently, the livelihoods of many fishermen and farmers have been destroyed. In 2011, the UNEP said that it could take up to 30 years for full environmental restoration to be achieved in Ogoniland; but a lack of accountability appears to have stalled pr

Breaking: Russia Will Block Bitcoin Exchange Websites, Says Central Bank Official

Bitcoin  According to a  Reuters  report, Sergei Shvetsov – first deputy governor of the Central Bank of Russia (CBR) has stated today that Russia will block access to websites belonging to exchanges and trading platforms offering cryptocurrencies like bitcoin. The central bank official was speaking at a financial markets conference today when he pointed to the “dubious” nature of bitcoin – as an investment instrument for retail investors. He stated: We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors). The central bank deputy governor’s comments are in contrast to those offered by Russia’s finance minister Anton Siluanov last month. Speaking at a financial forum in Moscow at the time, Siluanov called for the Russian government to accept the reality cryptocurrencies permeating into society. “There is no sense in banning them, there is a need to regulate them,” stated Russia’s finance minister less than a month ago. Ho

Central Banks and the IMF Warm Up to (Centralized) Digital Currencies

BTC Sweden’s central bank, the Riksbank, is considering whether the country should introduce a purely digital form of government-backed money, perhaps using distributed ledger technologies (DLTs) similar to the blockchain technology underlying Bitcoin. This move is part of a recent trend: around the world, nations are considering cryptocurrencies issued by central banks; and recently, the managing director of the International Monetary Fund (IMF) gave a speech hinting at its interest in the concept. A September 2017 report titled “ The Riksbank’s e-krona project ” outlines a proposal for a digital complement to cash, dubbed e-krona, which would be guaranteed by the state. “This is as revolutionary as the paper note 300 years ago,” Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times  in November 2016. “What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?” Skingsley added that the typ

Beginner’s Guide to Claiming Your “Bitcoin Cash” (and Selling It)

Bitcoin  Here's what you can do with your BCH now that the first blocks are being mined. Please note: Everything in this article is just advice, based on our best understanding of the current situation. Everything is still very uncertain and subject to change: Be extremely careful! Bitcoin Cash (sometimes referred to as Bcash, and mostly using the tickers BCH or BCC) launched today. Anyone who held bitcoin at 12:20 p.m. UTC should have an equivalent amount of BCH attributed to their Bitcoin private keys. In our  beginner’s guide to surviving the BIP 148 split , which was subsequently updated to also cover the Bitcoin Cash launch, we explained how to secure your private keys so you could be sure to access your BCH. At the time of writing that article, much was still uncertain about how this event would play out. Much is still uncertain, but to the extent that the situation can be understood at present, this article explains how you can claim — and potentially use — your BCH.

How Blockchain Technology Will Disrupt Digital Content Distribution

Bitcoin  The way we consume media content has been on a continual overhaul for the past two decades. Every aspect of media distribution has become more streamlined from the razor-thin devices we use to consume media to the manner in which we purchase and store our coveted content. Books, music and movies have all seen their physical bodies and storage locations dissolve, to be replaced with on-demand downloads and digital copies. The digital content revolution has done a lot for increasing access and visibility for artists and authors, but the current publishing giants have failed to adequately adjust to the times in a few crucial areas. While it's true that platforms such as YouTube and Medium have granted publishing access to the greater public and eliminated gatekeeping middlemen like talent agents and PR people, the current digital content sharing platforms have built their empires on the skeletons of the publishing giants’ templates that existed before and, unfortunately,

How to Fight Volatility in Cryptocurrency

Bitcoin  You’ve probably heard it many times if you frequently spread the good word about crypto. “Isn’t Bitcoin volatile? What if the price crashes?” By now, many POS systems offer free fiat conversion, alleviating some concern, but until the volatility of cryptocurrencies is addressed, most people will be unwilling to hold any. We need to find a way to fight the volatility that is inherent in Bitcoin. This doesn’t necessarily mean Bitcoin has to change; many people prefer to use a deflationary currency, especially those who like to save. Despite the skepticism of many altcoin critics, a currency can be better suited for some applications than others. Financial privacy, for example, is great for political activists, but more problematic when it comes to political campaign finance. We need a stable cryptocurrency designed for use in commerce; unless you’re living paycheck to paycheck, this would be held as only a fraction of your wealth, the rest reserved as other coins like bitcoin

Lockheed Martin’s reusable Mars lander looks absolutely awesome

Space  Traveling  Humans are going to Mars. We don’t know exactly when, who it will be, or exactly what spacecraft will be the first to make the journey, but with several space-faring nations setting their sights firmly on the red planet, it’s going to happen sooner rather than later. To make that goal a reality, groups like NASA are going to need the help of companies like Lockheed Martin, and the latter  just released  its newest vision for what an orbiting Mars space station and reusable lander. The station, which is built with our current scientific understanding of Mars in mind, features a pair of what Lockheed Martin is calling “MADVs,” or Mars Ascent/Descent Vehicles. Those vehicles function as landers to ferry astronauts to and from the surface of the planet, with the space station itself acting as a “base camp.” “Sending humans to Mars has always been a part of science fiction, but today we have the capability to make it a reality,” Lisa Callahan, vice president and genera

Lessons From a Cryptocurrency Hack (A Public Service Announcement)

Cryptocurrency-related cyber attacks are on the rise . As cryptocurrency continues to explode in value and public awareness, we can only expect this trend to continue. I was recently the target of such an attack. I also personally know of multiple other cases of the same attack being successfully carried out. Even worse, this type of attack is becoming ever more common and is likely to see an even bigger boost thanks to the  professional excellence of firms like Equifax , making it an urgent topic as almost everyone is at immediate risk. This article describes this increasingly common attack vector and provides immediate steps you can take to protect yourself. I will also provide additional tools and best practices to further safeguard yourself and your funds more generally. As a computer programmer active in the crypto ecosystem since early 2013, I’ve always been too aware of the constant threat of cybersecurity attacks and the possibility that I could be targeted at any time. Cryp

GoldMint and the Future of Gold Ownership

Gold ownership Reflecting gold’s historical repute as a scarce and valued resource, Bitcoin has become known in many investment circles as “digital gold.” With its unprecedented rise, Bitcoin’s worth is now estimated to be about twice that of an ounce of physical gold. On August 7, 2017, the startup  GoldMint was launched with the intent of ushering in a new digital era of gold as a store of value. This project aims to provide a unique set of gold ownership solutions for cryptocurrency investors and enthusiasts worldwide. It is holding an  initial coin offering  (ICO) that starts in less than 12 hours.  The GoldMint project reaffirms the notion that physical gold is a respected method of payment and wealth preservation, all tied to its value and scarcity. Gold ownership, however, requires expensive security, safekeeping and insurance. GoldMint’s innovative approach seeks to address these inherent issues. GoldMint purchases, sells and repurchases their native digital asset called

How Blockchain Technology Could Save Struggling Artists Around the World

Bitcoin  To a complete outsider, the worlds of art and cryptocurrency do not appear to be linked. But for content creators of all kinds, blockchain technology provides an ideal solution to preserve intellectual property, create demand and increase value for digital content. The digital revolution is often blamed for making life harder than ever for artists. We are always hearing stories of artists realizing their work has been ripped off by a major brand or that they are not being paid or credited for the content they create. However, thanks to blockchains, ownership rights can be restored in favor of artists. The very digital landscape that proves so difficult for artists could well increase the possibility of profits for artists online. Physical art was one of the first big applications of blockchain technology. The concept of integrating blockchain technology into the art industry is not untested. Blockchains have  already been a part of the physical art world  for a few years

Bitcoin Exchange bitFlyer Hopes to Win Big With the Japanese Bankers Association

Bitcoin While China tightens its grip on its cryptocurrency community, Japan is openly embracing cryptocurrencies and blockchain technology, legalizing bitcoin, and encouraging and funding blockchain research. Even Japan’s banks are onboard, working collaboratively to develop a blockchain platform specifically for the financial sector. With its 120 member banks, the  Japanese Bankers Association  (JBA) is creating a Collaborative Blockchain Platform and is actively looking for a company to supply its blockchain technology on an ongoing basis. Experimenting with the Collaborative Blockchain Platform, the JBA will initially determine which financial services best lend themselves to the new platform, likely including settlement/transfer services, know-your-customer (KYC) systems and financial infrastructure such as their Zengin System and Densai Net System. Japanese bitcoin exchange bitFlyer is stepping up to the plate to take on tech giants including Fujitsu, Hitachi and NTT Data to

Google acquiring a part of HTC’s smartphone business, non-exclusive IP rights for $1.1 billion

Google Add Your Comment   After  several weeks  of  rumors ,  Google announced  this evening an “agreement” that will see HTC employees who worked on the Pixel join the Alphabet company’s hardware division. The deal is valued at $1.1 billion, while HTC will continue to run its smartphone business. In a blog post this evening, hardware chief Rick Osterloh announced that Google “signed an agreement with HTC” to “fuel even more product innovation in the years ahead.” This acquihire will see “a team of HTC talent” — pegged at around 100 engineers this morning — join Google’s hardware division. With this agreement, a team of HTC talent will join Google as part of the hardware organization. These future fellow Googlers are amazing folks we’ve already been working with closely on the Pixel smartphone line, and we’re excited to see what we can do together as one team. Osterloh specifically notes that the incoming team has already worked with Google on the Pixel lineup. Today’s deal al

Uncertainty Dominates as China Continues to Clamp Down on Cryptocurrencies

Bitcon China is clamping down on cryptocurrency, that much is clear. But while the developing story dominates headlines, a notable trend is the lack of official information. Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified. Despite this lack of clarity, here’s what’s known so far. Effects on Trading The most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China. BTCC — the oldest bitcoin exchange in the world — was the first exchange to announce they’d be closing shop within the Asian country, by the end of this month. The exchange  cited  guidelines  published by the Chinese central bank (the People’s Bank of China; PBOC), which initially appeared to only affect ICOs, as its reason for closing down. Other exchanges quickly followed BTCC's lead.  ViaBTC  and  Yunbi  both a