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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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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Ledger user loses £25 000 of Crypto

Quoted from Reddit: – I have not used my Ledger in a week, today I decide to check the value of my XRP, Litecoin and Dash only to discover that all of them showed up as zero and had been transferred somewhere else yesterday all around the same time at 7:30pm.     I am not sure how this is possible as I have not access my Ledger in a week. I do not know what do to as the total value is over £25000, has by currency been stolen…

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Give a Crypto Gift this year, no more socks or soap-on-a-rope!

The festive season is upon us… which means gifting time to family and friends!  Many of us are racking our brains for inspiration trying to come up with innovative and different gifts this year… as we do every year.  No more socks, soap-on-a-rope, beard shaving aprons or gnomes for the garden.  This year, give a gift that could potentially set your loved one free… help them open a wallet and give them crypto… or if they are already an investor, give them more!   Follow EOT – Encryption of Things on…

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Bitcoin, Dash, Bitcoin Cash… and other Altcoins to Watch in 2018

The Cryptocurrency Craze that started in 2017 will indeed overlap into 2018. The total coin market cap has topped $600Billion, a combination of Bitcoin, altcoins including ICO’s. 2017 has been a year where the cryptocurrency market was ignited by increased Government adoption, regulation, institutional investment, consumer, merchant, and investor adoption.  Mainstream Media has been captivated by this market and fueled the cryptocurrency craze with speculation a big driver of the Bitcoin price as well as some of the altcoins.         So which Cryptocurrencies are on this 2018 “Watch List”?  …

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Cryptocurrency Exchange Hires Award-winning Design Consultancy for Leading-Edge App

LONDON, December 5, 2017 /PRNewswire/ The UK’s only dedicated multi-cryptocurrency exchange, London Block Exchange (LBX) has hired EY-Seren, part of consultancy firm EY, to create a first-of-its-kind app to allow UK consumers to trade freely and easily in cryptocurrency. The award-winning consultancy will design the app alongside a full cryptocurrency trading platform.   Due to launch in December, the LBX app offers full trading functionality and will include Sterling to crypto exchange across four major digital currencies (Bitcoin, Litecoin, Ripple and Ethereum) – with more added in the new year.   The…

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Brit-Coin Bonanza: UK Heads to Cryptomarket

LONDON, November 30, 2017 /PRNewswire/ The meteoric rise in the value of the cryptocurrency Bitcoin has sent the UK rushing to enter the market. The London Block Exchange, which opens its doors to the public in December has seen a five-fold increase in trading account sign-ups since Bitcoin hit the $10,000 mark.   Several other digital currencies have also seen huge surges, such as Ethereum, Iota and Dash. CEO and founder Benjamin Dives said: “Bitcoin is now Britcoin as the UK crypto-curious flood to the market. Our secure and easy to use exchange has…

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Bithumb takes over 51% of global market share within five days of integrating QTUM

SEOUL, South Korea, Nov. 13, 2017 /PRNewswire/   Bithumb’s trading volume jumps sixfold overnight after integrating QTUM Bithumb ranks first in global exchange for Ethereum (ETH), Bitcoin Cash (BCH), and Ripple (XRP) Bithumb’s tenth coin, QTUM, reaches a new all-time high of 17,053 KRW since integration Ranking for Bithumb exchange   Within five days of integrating QTUM as its tenth coin, Bithumb has become the largest QTUM exchange. On October 20th, “Bithumb” (CEO Kim Dae-shik), the world’s largest cryptocurrency exchange, listed QTUM as its tenth coin and ranked first in the QTUM exchange with 51% of…

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Bitcoin News 21 July 2017 – Bitcoin Price on Full Throttle on the Back of BIP91 Acceptance

BREAKING NEWS today – Top Story – Over 93% of Bitcoin Miners have signaled acceptance of BIP91 and has been locked in to activate on 1 August 2017 – BIP91 is to scale Bitcoin and reduce transaction time – more information can be found here  The Bitcoin price has surged 20% with this positive news as well as the early signaling that took place the past few days. The price is robust and fundamentals strong – is $3000 or higher in sight sooner rather than later? Add your comments below.…

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