How to Bitcoin #6 – Mining Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how BTC is electronically processed, we call it mining.   Electronically Processing BTC Mining   As mentioned in the introduction, BTC is processed by computing power and recorded in a public ledger (Blockchain) with the help of a network of computers. The processing of BTC transactions is termed ‘mining’. BTC mining rewards people with computer power by generating…

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How to Bitcoin #5 – Ways to Make Money with Bitcoin

NEW ZEALAND – Guest Writer –The fifth in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to make money with BTC.   Buying and Selling A way to make money is to buy BTC/alt-coins at a low value and to sell at a higher value on an Exchange. Selling BTC as mentioned above can be done in any currency. Most large Exchanges allow users to trade back to US dollars. Another method would…

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How to Bitcoin #4 – Storing Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to store your Bitcoin.   You can store Bitcoin or altcoins in the following ways:   Paper Wallet Offline Online Encrypted Hardware Device   Each method offers both pros and cons.   A paper-wallet is just that, a special code (address + keys) that is then printed out on a piece of paper. You can load BTC…

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BitVault®, World’s First Blockchain phone hones in on Enterprise market – Cointelegraph

  It was reported on Cointelegraph that BitVault®, the World’s First Blockchain smartphone are making strides in the Enterprise market.   According to the article, the company said that it is currently focussing on three sectors and are in advanced discussion with prospective partners and customers.   Defence Technology Financial Technology Manufacturers of mobile communication devices   Full article – Click here to CoinTelegraph      The enterprise market is huge and potential BitVault® sales could amount to millions. The Indian defence market, in which the company has already made some…

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Is Blockchain the Solution to the Global Education Gap?

Education has the power to change lives. Unfortunately, not everyone has equal opportunities for success. The problem falls largely on socioeconomic barriers to receiving academic support. According to a 2012 Stanford report, by high school, the test scores for low-income students average three to six grade levels below students from affluent backgrounds. The difference is even more dramatic with students in developing countries with limited resources for education.   A major factor in the wide education gap globally is uneven access to tutoring. Tutoring allows students to reinforce their classroom…

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How to Bitcoin #2 – How is Bitcoin Processed

NEW ZEALAND – Guest Writer –The second in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Some hints and tips are provided, including some links to websites in order to guide you in your endeavour to understand Bitcoin, the “Internet of Money”.   How is Bitcoin Processed?   BTC is processed by computing power where a network of user-computers becomes a financial public ledger that will process the use of BTC. This is a network of computers and is…

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Forbes Journalist Predicts Bitcoin Crash below $ 1000!

In a recent article Chuck Jones, a Forbes contributor, cited his reasons why Bitcoin could fall to below $ 1000.     Here are the reasons listed in the article:   Regulation could have the biggest impact South Korea Japan China U.S. regulation There is no “value” to it Volatility can create nervousness A shakeout is coming ICOs (Initial Coin Offerings) Hacking theft of CCs FOMO or Fear of missing out Bitcoin mining scams Becomes too associated with criminals and rogue states Third parties changing their minds Bitcoin & Blockchain…

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Will Regulators and Banks kill Bitcoin?

2018 has not started well for Bitcoin as the cryptocurrency started the year with 2 weeks of losses and last week we had four days of straight losses from Monday to Thursday.     Shock News for Bitcoin Banking   The year started off with a shock as Visa suspended a number of prominent cryptocurrency card providers without any notice, leaving some customers without cash. Some of the well-known companies affected were Cryptopay, Bitwala, Xapo, Bitstamp and many others. Bitwala also reported that their bank facilities were suspended with immediate…

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Jamie Dimon Flip Flops on Bitcoin

The JPMorgan Chase & Co. chief executive officer, who last year called the cryptocurrency, Bitcoin a “fraud,” said in an interview with Fox Business he wishes he hadn’t dismissed the technology in such broad terms.     “I regret making” those comments, Dimon said “The blockchain is real. You can have crypto yen and dollars and stuff like that.”     Initial coin offerings, however, “you have to look at individually,” he said in the interview.   See the full article on Bloomberg – Click here         Bitcoin…

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Xunlei OneThing Cloud wins Most Popular Product at CES 2018

Xunlei OneThing Cloud: Innovation of Shared Computing and Blockchain, Winning CES Most Popular Product Award Powered by GeekPark – BEIJING, Jan. 10, 2018 /PRNewswire/ — OneThing Cloud, launched by Xunlei, is the first product that leverages user’s idle computing resources and organizes them into a massive cloud computing infrastructure. This technology is called Shared Computing.   OneThing Cloud became one of the most popular products in 2017 intelligent hardware circles. Xunlei not only keeps breaking records of distributed cloud computing but also leads in commercializing blockchain in consumer use. Therefore,…

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