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Expert: Bitcoin May ‘Crash to Zero’ Because of Institutional Adoption

Expert: Bitcoin May ‘Crash to Zero’ Because of Institutional Adoption

Expert: Bitcoin May ‘Crash to Zero’ Because of Institutional Adoption Posted on by admin
Expert: Bitcoin May ‘Crash to Zero’ Because of Institutional Adoption
But whereas transactions are publicly recorded on the blockchain, figuring out person info is not. On the Bitcoin blockchain, only a person’s public key appears next to a transaction—making transactions confidential however not nameless. When computers efficiently add a block to the blockchain, they are rewarded with bitcoin. Similar to winning the lottery, fixing hashes is generally a matter of likelihood. However, there are methods to extend your odds of winning in each contests.
If the price falls once more, you’ll profit as your common price might be decrease. It will work in your favor if you lastly decide to cash out your holdings.
Political instability and chaos can shortly improve the price of Bitcoin. The leading digital asset is regarded as “digital gold,” a secure-haven asset that acts just like valuable metals. There are nonetheless methods to predict the best time to purchase Bitcoin.
Binance supports a variety of digital currencies including Bitcoin, Ethereum and its personal Binance Coin (BNB). Binance charges very low fees at simply .1 % for trades. Can Bitcoin be converted to cash? Erik Finman says he’s the youngest person to become a bitcoin millionaire.
Bitcoin’s 17.seventy seven million circulating cash are additionally a limiting factor. Unless the bitcoin token cap was raised nicely past 21 million, bitcoin lacks the utility to spur fundamental monetary change. But despite all the reasons bitcoin is advancing, the preferred cryptocurrency on the planet has three basic flaws that, as I see it, are practically impossible to repair. You can purchase a certain quantity of Bitcoin this week and hold some of your cash to buy the following week.
If you need to go far past the preferred coins, Binance is your best option. Square is a huge financial expertise firm that includes many different services. Last, but not least, you’re buying into the mistaken asset when buying and selling cryptocurrencies. How do I convert Bitcoins to dollars? Bitcoin Price Will Moonshot $500,000 Within 10 Years After Flipping Gold, Says Bobby Lee. Bitcoin to flip gold by 2028, says Bobby Lee, founder of BTCC, the world’s first bitcoin exchange. Stock to Flow model supports the prediction.
As a common rule, BTC price will increase in value at a really speedy pace and then steadily decline as it enters a interval of stability. Not many people within the cryptocurrency industry have stable monetary knowledge. Most cryptocurrency holders are self-taught whereas others rely on data borrowed from the standard financial sector. There is nothing mistaken with that so long as the shoe suits. Buying Bitcoin used to be an actual headache, however not anymore.
Other early supporters had been Wei Dai, creator of bitcoin predecessor b-cash, and Nick Szabo, creator of bitcoin predecessor bit gold. While the website looks easy, it provides sturdy safety and long-term help for currencies on the platform. Developers can take their Bitcoin to the following degree with the CoinExchange API.
With the introduction of recent cellular and net companies, folks can now easily purchase cryptocurrencies in minutes from nearly any place on earth. Yet, a lot of the obtainable suppliers supply unfairly excessive rates and fee. Anyone can view a historical past of transactions made on the blockchain, even you.
With bitcoin, arriving on the right answer before another miner has nearly every thing to do with how fast your computer can produce hashes. In the early years, bitcoin mining could possibly be performed effectively using open-supply software program on commonplace desktop computer systems. Today, solely particular-function machines often known as software-specific built-in circuit (ASIC) miners can mine bitcoin value-successfully. Mining pools and firms now control most bitcoin mining exercise. Post navigation

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China Passes Law Protecting Cryptocurrency Inheritance – Bitcoin News

China Passes Law Protecting Cryptocurrency Inheritance – Bitcoin News

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the … read more. Bitcoin.com Exchange Lists ESH Token Support Prior to John McAfee’s Ghost Airdrop In mid-April, news.Bitcoin.com reported John McAfee’s new privacy token called Ghost, as the former anti-virus tycoon detailed “governments will be unable to shut it down.” Ghost won’t be distributed in the usual fashion by leveraging an initial coin offering (ICO), … read more. This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that … read more. Eight Countries That Don’t Tax Your Bitcoin Gains As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors … read more. Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies … read more. Bitcoin Cash Tokenization Bolstered by the Creation of an SLP Foundation On Monday, Bitcoin Cash (BCH) supporters were introduced to a Simple Ledger Protocol alliance called the SLP Foundation. According to the initial members, the SLP Foundation has been in the works since December 2019, and the primary goal is to … read more. Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out … read more. $9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” … read more. Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has … read more. Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees Cryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing companies to give their employees a BTC-based retirement plan. In a press statement, Bitwage, which claims to have tested the product on its own employees … read more. Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has … read more. Trump Threatens to Close Down Social Media Platforms After Twitter Tampers With His Tweets A row with Twitter has provoked U.S. President Donald Trump to threaten to close down social media platforms. This follows Twitter tampering with Trump’s tweets to alert people to fact check his claims. Trump is further outraged by Twitter’s use … read more. Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal … read more. Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now … read more. Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed … read more. Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’ Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can … read more. The Many Facts Pointing to Adam Back Being Satoshi During the last year, news.Bitcoin.com created a series that shows the many facts that point to certain individuals who might just be Satoshi Nakamoto and it’s been a popular run so far. Our series has covered nearly everyone, but there … read more. JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. … read more. Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly … read more. South Korea to Start Taxing Bitcoin Profits in 2021 South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. … read more. Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid … read more. Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 … read more. Bitcoin Fees Fall 60% While Transaction Count Declines Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the … read more. China Passes Law Protecting Cryptocurrency Inheritance China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and … read more. American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated … read more. Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told … read more. With Riots Erupting in US Cities, Using Tools of Peaceful Protest Can be More Meaningful During the last six days, America has been feeling the wrath of a myriad of protests and riots in nearly every major city across the nation. The U.S. is experiencing an uprising like never before, but some of the protests … read more. UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit … read more. Latest News

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With an electricity cost of 0.05 kWh and a current #BTC price of $9553, the profit brought by #Antminer T19 is $3.14 per day #Bitmain #Bitcoin #crypto #mining #blockchain #cryptocurrency https://t.co/l10EneZ4Dm

With an electricity cost of 0.05 kWh and a current #BTC price of $9553, the profit brought by #Antminer T19 is $3.14 per day

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MEREBEL MULTINODE INVESTMENT | First of Its Kind Masternode Hedge Fund

MEREBEL MULTINODE INVESTMENT | First of Its Kind Masternode Hedge Fund

One of the sure-shot ways to earn from the crypto markets is through the direct trading of cryptocurrencies in an open market. However, looking at the highly volatile nature of crypto assets, retail players have been hesitant to participate.
The Proof-of-Stake (PoS) cryptocurrency platform has opened investment avenues for small and big investors to earn a steady income and maintain consistent cash flow through Masternode hosting.
A Masternode is similar to a normal node within the blockchain network that looks after validating new blocks and transactions. However, a Masternode comes with much higher responsibilities and often called as the server of the blockchain network.
A Masternode is basically responsible for security control, network transaction, and maintenance of the overall condition of the network. Unlike the PoW’s miner-dominated model, a Masternode model allows investors to earn passive income without the need for high-end hardware and massive mining costs. Merebel – A Unique Masternode Ecosystem for Investors
While hosting your own masternode can be a technically daunting task, MEREBEL – The MasterRebelNode platform helps to remove all the technical entry barrier for investors.
Merebel has developed a unique crypto-financial ecosystem for masternodes by offering a wide range of services through its innovative masternode cryptocurrency MERI.
Merebel provides an integrated platform, superior connectivity, and user-friendly interface for masternode operators allowing them to invest without much effort.
Offering Masternode rewards is nothing new in the blockchain industry. However, what different Merebel from other Masternode Service providers is the innovation it brings to the platform. Bringing Innovation Through Multi-Node Investment Pool and Mutual fund Portfolio
One of the innovative features of the Merebel Masternode hosting is its unique multi-node investment pool and the auto-exchanger system. As the name suggests, the multi-node investment pool means spreading investments across multiple nodes thereby hedging your risks while simultaneously collecting payments in Bitcoin.
Moreover, to run a complete Masternode, there is always a minimum investment threshold involved. Merebel’s multi-node investment pool breaks this entry barrier by using a pool and sharing a masternode with other investors.
Thus, a masternode pool allows investors to park their money in a number of different masternodes simultaneously while hedging your investment risks considerably.
In a crypto-finance industry, a multi-node investment is often regarded as a mutual fund with its biggest advantage being the spread of risks. Additionally, the Multi-Node-Pool dashboard allows investors to track several different stats like prices, transactions, wallet balances, masternodes and other Multi-Node-Pools stats.
Besides, you can also monitor specific information about different coins in your portfolio. this could be anything like the volume, the total coins in circulation, maximum coin supply, the total market cap, the masternode earnings, masternode collaterals, and even the current ROI.
Thus, the multi-node-pool dashboard helps users to track every data required and even export it instantly for tax purposes.
Just like the traditional mutual funds portfolio, the crypto mutual fund is an investment vehicle comprising a portfolio of digital assets. All funds within the Merebel ecosystem are operated by crypto specialists who do the fund allocation for capital gains and generating income for investors.
Another unique feature of the Merebel Ecosystem is the auto-exchanger system. The Auto-Exchange-Trader system minimizes risk at a large scale as the earned rewards are immediately exchanged to bitcoin.
The Auto-Exchange system facilitates automated trades of the Masternode as well as your rewards. Thus, the Merebel platform provides its users with the most up-to-date prices in real-time. Simplifying the Multi-Node Architecture
If you are interested in understanding multi-node architectures here is how it looks. A typical multi-node architecture consists of hosts, nodes, a shared file system and a load balancer. The host refers to a physical or virtual server. A server can host none as well as multiple nodes. A node runs on the host i.e. Merebel blockchain network. Multiple nodes together form a cluster. The shared file system is important here as it allows multiple nodes to use the same file using the same-set configuration. The shared disk facilitates data flows, configuration, partners, and other transferable files. Similarly the load balancer is part of the system infrastructure that dispatches all the incoming files to different hosts. A load balancer can be either a software or a hardware through which incoming connections can pass. Note that the outgoing traffic doesn’t use a load balancer.
Note that these concepts are applicable to a general multi-node architecture. But in case of Merebel since we had implemented auto-exchange facility, the load balancer concept doesn’t work here.
In a major development this month, Merebel developers are also currently working on a unique pricing model called MASTER-CAPITAL-INDEX. For its AutoExchanger system, Merebel want’s to reduce any sort of dependency of this party exchanges and implement the entire process internally.
Merebel’s Autoexchanger system will be available in its next updates wherein you can automatically switch your rewards to the current BTC price. This will be a major milestone towards being a self-sufficient and automated Masternode investment system. Conclusion
Merebel Multinodes is a beast when it comes to passive income. With all these functions, it is like a dream come true for every investor.
While many cryptocurrency platforms offer the facility to generate passive income through masternode hosting, only a few like Merebel provide a robust system that allows investors to hedge their funds across several masternodes. Read previous articles about Merebel here –>
March 5, 2020
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I Love Nano

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What will happen when we reach the next mining difficulty stage 8 within the next few days which will require 10K #TRON…

RT @Bankroll_DeFi: What will happen when we reach the next mining difficulty stage 8 within the next few days which will require 10K #TRON…

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International Spirits & Wellness Holdings Enters Joint-Venture Agreement with Official Distributor of Top-Selling Crypto Mining Equipment

International Spirits & Wellness Holdings Enters Joint-Venture Agreement with Official Distributor of Top-Selling Crypto Mining Equipment

Partnership draws on strengths of both parties to combine global brand management with innovative crypto mining solutions ISW Holdings and Bit5ive Join Forces Global brand management expertise from ISW Holdings combines with Bit5ive’s innovative crypto mining solutions LAS VEGAS, International Spirits & Wellness Holdings, Inc. (OTC: ISWH) (“ ISW Holdings ” or the “Company”), a global brand management holdings company, announced its entrance into a new venture with Bit5ive LLC , a global leader in cryptocurrency mining and innovative turnkey mining solutions.
Bit5ive is an official distribution partner of Bitmain, the industry-leading fabless manufacturer of computing chips and distributor of Antminers to more than 30 countries in Latin America, Central America, and the Caribbean. In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware. Bit5ive is quickly becoming one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm industry. The joint venture with ISW Holdings is the latest in a string of successes for the Company and an indication of the growing interest in bitcoin and blockchain technologies.
“We have achieved considerable growth and hit several major milestones in the last three years, consistently growing our staff and honing our expertise along the way,” said Bit5ive CEO Robert Collazo. “It is important that we continue innovating and be over par with industry demand from every aspect.”
For more details and forward-looking statements, view the entire announcement: http://nnw.fm/ISWHoldingsBit5iveAnnouncement
The bitcoin technology market, valued at USD $293.66 million in 2019, is expected to reach USD $477 million by 2025, according to Mordor Intelligence.
“We are incredibly excited to expand our current portfolio and move into what we believe is a sector poised for strong technological and financial growth,” stated ISW Holdings President and Chairman Alonzo Pierce. “This new joint-venture agreement enables us to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable, efficient crypto mining projects, and to take advantage of the incredible growth projected for the crypto market.”
About Bit5ive
Bit5ive is a leader in crypto currency mining data centers with several projects currently in development in the United States. Bit5ive’s success lies in its commitment to its clients, hailing from a variety of industries and professions. Bit5ive’s corporate headquarters is based in Miami, Florida, from which it operates as a management hub for its data centers, sales and customer service.
For more information, visit www.Bit5ive.com
About ISW Holdings
ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes.
ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration, and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and, the partnership has a vitally needed patent pending.
For more information, visit www.iswholdings.com
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Derivatives Data Shows That Even After 150% Rally Bitcoin Is Far From Topping Out

Derivatives Data Shows That Even After 150% Rally Bitcoin Is Far From Topping Out

Over the past few weeks, analysts have said Bitcoin is finally finding a local top. For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish stance on BTC due to the level’s importance. Though derivatives data and simple technicals suggest that Bitcoin is far from topping out. The data shows this even after a more than 150% rally from March’s capitulation lows. Bitcoin Is Unlikely to Top Here, Data Shows Financial derivatives — such as futures and options — have become increasingly important to crypto over the past few months. The data these markets provide have become increasingly important too. One top trader shared the chart below. It shows Bitcoin’s macro price action, along with the BitMEX funding rate. The funding rate is the fee that long positions pay short positions to stabilize market prices. Extremely high or low funding rates indicate that one side of the market might be overleveraged. The chart indicates that the Bitcoin funding rate is not trending extremely high as it did at every medium-term top over the past two years. This means that should historical precedent hold, BTC has room to rally. Chart from “Mr. Anderson” Technical indicators corroborate the sentiment that Bitcoin is not yet at a medium-term top. As reported by NewsBTC previously, analyst Alex Fiskum explained that market sentiment and the positioning of traders is showing the move from the $3,000s to $10,000 was a “hated rally.” That’s to say, a majority of investors were on the sidelines or shorting this move because they were skeptical. The Alice Capital associate shared the chart below to illustrate his point. The chart shows that Bitcoin investors are largely neutral, leaving room for upside once buyers truly step in. Chart from Alex Fiskum, a cryptocurrency trader at Alice Capital based in Hong Kong. Kelvin “SpartanBlack” Koh — partner at The Spartan Group — shared this sentiment. Responding to Fiskum’s chart, he wrote that crypto investors are still showing they are “somewhat risk off.” The options market, the relative strength index, and the “fear and greed” index show this. Related Reading: Crypto Tidbits: Satoshi Isn’t Dumping His BTC, China ‘Bans’ Cryptocurrency Mining It Won’t Be Easy Although the data shows Bitcoin has room to rally, that’s not saying a rally from here will be a breeze. One trader recently shared the image below. It’s a chart that shows that there is clear Bitfinex order book resistance at $10,000 for Bitcoin. The chart is notable because it nailed many moves in the BTC price over the past few months, including the March lows and the February highs. Chart from prominent crypto trader Coiner-Yadox (Yodaskk on Twitter). Bitcoin is also approaching a key resistance on a medium-term time frame. As reported by NewsBTC previously, one trader shared that BTC is currently approaching a technical level that has marked local highs four times over the past month. BTC finding a rejection here, at $9,600, could lead to a retracement back to the high-$8,000s. Related Reading: The $90 Million Bitcoin Pizza Story Has an Unexpected Silver Lining Featured Image from Shutterstock Via https://www.newsbtc.com/2020/05/29/derivatives-data-shows-that-even-after-150-rally-bitcoin-is-far-from-topping-out/?utm_source=rss&utm_medium=rss&utm_campaign=derivatives-data-shows-that-even-after-150-rally-bitcoin-is-far-from-topping-out
source https://www.icocalendar.today/blockchain-news/derivatives-data-shows-that-even-after-150-rally-bitcoin-is-far-from-topping-out

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Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto – Bitcoin

Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto – Bitcoin

1.5k VIEWS Russia’s largest financial institution, Sberbank, has called for tenders to offer 4,917 ATMs with a built-in graphic card able to supporting “blockchain operations”. Cointelegraph spoke with two consultants who stated the obvious use case for a blockchain optimized graphics card is mining cryptocurrency. Sberbank is Russia’s oldest and largest financial institution and holds nearly 44% of all private deposits within the nation. It operates 14,200 branches and 77,000 ATMs throughout the nation. The state is its largest shareholder and its Chairman and CEO, Herman Gref, was Russia’s former minister of Economics and Trade . He’s identified to be an enormous proponent of recent know-how, together with blockchain. World’s first blockchain ATMs? The utmost bid for the tender is $108,501,718.05, which equates to $22,066.65 per ATM. One of many technical necessities for these ATMs is that they need to come outfitted with a graphic card: “Graphic card with assist for Nvidia Cuda for OS for picture recognition and doable blockchain operability”. Bitcoin ( BTC ) ATMs usually are not a novelty, nonetheless, common financial institution ATMs with blockchain know-how are uncommon. The massive query is: why does a financial institution ATM want a graphic card that’s able to dealing with some blockchain operations? There are a few prospects … A cryptorouble or error? The obvious use case is cryptocurrency mining. May Sberbank be issuing its personal cryptocurrency or will Russia’s authorities use the financial institution’s huge community to distribute a cryptorouble? A a lot much less attention-grabbing doable rationalization is that there’s merely an error within the tender doc’s description and the graphics card is just wanted for picture recognition, which might make sense contemplating that these ATMs will even have biometric authentication. Recording ATM transactions on blockchain Matvey Voytov is the top of promoting of Waves Enterprise blockchain platform which has explored a number of initiatives with Russian corporations and Russian government . He instructed Cointelegraph that the blockchain know-how could possibly be used to report customers’ ATM transactions. He couldn’t consider a blockchain use case for a graphics card outdoors of mining. Nonetheless he thinks that the issuance of a CBDC or Sberbank’s personal cryptocurrency is unlikely and believes an error within the tender doc is a extra possible situation. On the similar time, he pointed to Russia’s Tax Authority not too long ago introducing a blockchain platform for the expedited mortgage issuance for small companies. May very well be used to mine altcoins Alexander Chepurnoy, co-founder of Ergo blockchain platform, additionally had onerous time arising with use instances for the blockchain succesful graphic card outdoors of mining: “In addition to mining, maybe it could possibly be used for processing of some cryptographic algorithms, however I don’t know why an ATM would want it.” He stated the cardboard couldn’t be successfully used to mine Bitcoin, nevertheless it might deal with altcoin mining, for instance Ergo ( EFYT ), Grin ( GRIN ) or Ravencoin ( RVN ). Hypothesis nook If Russia is planning the issuance of a CBDC, it’s possible that Sberbank could be the primary financial institution to study it. There isn’t any higher method of distributing it than by means of the financial institution’s huge community that reaches each nook of the immense nation. Maybe, these new ATMs might change into part of the big mining community supporting the brand new cryptocurrency? Russian MPs not too long ago launched a invoice that may severely punish illegal turnover of digital assets — a doable rationale could possibly be clearing the bottom for a licensed cryptocurrency. In Russia, very similar to for China, the urgency of issuing a CBDC is way larger than for any Western nation — there’s a want to bypass the worldwide financial system which is dominated by the U.S. Sberbank itself has been a subject of Western sanctions. Hypothesis apart, a easy mistake within the tender doc stays a viable rationalization. Cointelegraph has reached out to Sberbank for remark, however has not obtained a response in time for publication.

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I Love Binance Coin

Stay motivated with our Satoshi Nakamoto series. We offer you cryptocurrency notebooks with loving bitcoin and cryptocurrencies theme perfect for traders school and university students. You’re not a pupil/student? Don’t worry! The notebooks we offer could become universal presents for housekeepers, crypto freaks and every person who wants to stay motivated all the time with crypto. We offer you a 100 pages blank ruled journal ready for you to fill with your own ideas. We offer you: Notebook dimensions: 6”x 9″ – the perfect size to fit in a handbag and a backpack; 100 lined pages printed on high quality paper (50 sheets) It can be used as a journal, notebook or just a composition book Perfect for gel pen, ink or pencils It will make a great personalized gift for any special occasion: Christmas, Secret Santa, Birthday And much more!

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Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four ma…

RT @ourbcma: Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four ma…

Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four major reasons.
https://t.co/rCiLo30Xqx
#Bitcoin #BTC #Cryptomining #Blockchain #Cryptomarkets #Cryptocurrency

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