Bitcoin News Review – 30 April 2018

A short summary of the news of the weekend:   Binance Signs Agreement With Bermuda Gov’t On $15 Mln Investment, Jobs:   Outraged Pro-BTC Community Alleges Bitcoin.com Is Misleading Buyers Into Buying BCH   VRT World Launches Marketplace Alpha Version   Charlie Lee: ‘To make Litecoin More Decentralized, Eventually I Would Step Away’   Scammers Hijack Verified Twitter Account To Steal Crypto By Posing As Telegram CEO   Enquiries About Cryptocurrencies Tripled in 2017, Japan Regulator Says     Bermuda’s Virtual Currency Business Act passes through the House of Commons,…

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The Cryptolife of 7 Bitcoin Influencers

What if investing in the ideology of an anonymous person, known as Satoshi Nakamoto, could completely change your financial life completely and give you the freedom to enjoy your dream life?  It’s called the Cryptolife.  Here are seven “Bitcoin Influences” who saw the potential of Bitcoin, a Peer to Peer payment system.     Roger Ver – American-Kittitian early investor in Bitcoin-related startups and Bitcoin Cash promoter       John McAfee – British-American computer programmer and businessman, He founded the software company McAfee Associates.       Tyler and…

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The Cryptolife of Changpeng ” CZ” Zhao aka CEO of Binance

From Zero to Billionaire in under a year, Changpeng ” CZ” Zhao, the CEO of Binance has done it as reported by Forbes. Zhao later tweeted it was 20 years in the making.       Computer scientist and coding wizard Zhao was born in Jiangsu, China to educator parents, his father a professor.  In the 1980’s, the family emigrated to Vancouver and to make ends meet, CZ flipped burgers at McDonald’s and worked at a gas station.   Zhao attended McGill University in Montreal, thereafter, built various software applications…

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Cryptocurrency Exchanges demand up to $3 million to list ICO tokens

Cryptocurrency exchanges are sitting in the “pound seats” so to say as they are now charging huge listing fees to ICO’s. According to a report by Bitcoin.com and Autonomous,  to list an ICO on well-known cryptocurrency exchanges can cost anywhere between $1 – $3 million.  With these astronomical listing fees, ICO’s could be over funding their projects just to cover these costs.   Interestingly to note, the fee on the Nasdaq Capital Market for a listing of up to 15 million shares costs $55,000, substantially lower than the charges touted…

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Decentralized vs Centralized Bitcoin Exchanges, Binance wants both

Binance has just announced that they plan to develop a public blockchain in order to create a new exchange.  This time, a decentralized exchange.     Taken from the Binance statement:- “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain…

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Bitcoin Exchanges Slash Fees

In the past week, Binance, Bitfinex, and Kraken have all reduced their fees amidst a backdrop of increased Segwit adoption and transaction batching by up to half.   The average price of sending bitcoin has been falling for weeks but before now these savings had yet to be passed on to exchange customers.   Bitcoin Withdrawals: Now with 50% Off   Bitcoin is pretty cheap to send right all of a sudden even cheaper than ethereum in some instances. Fee’s have fallen to around 10 satoshis per byte to send…

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Chaos and Confusion as Binance goes down and suspends withdrawals

Various news sites, including the Financial Times, reported that cryptocurrency exchange, Binance are down and has suspended withdrawals.     According to the Merkle, Binance, one of the world’s largest cryptocurrency exchanges which is said to be the fastest growing startup in history, has been offline for several hours.   Quoting the company “Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC),” the Binance team stated, noting that trading will remain disabled…

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SwapFox introduces OTC Trading Desk for EOT

OTC, known as Over-The-Counter, is where cryptocurrency is traded through a dealer peer to peer network rather than through a centralized, formal exchanges such as, Coinbase, Gemini, Huobi, Binance; or even decentralised exchanges such as Waves, Tidex and CryptoBridge.  OTC trading has no physical location and all trading is done electronically.         SwapFox offers the services of an Over The Counter (OTC) Trading Desk for open source cryptocurrency and encryption coin, EOT. Through the SwapFox trading desk, traders and investors will be able to access digital currency…

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