BITCOIN

Crypto Mining Apps Continue to List on Google PlayStore Despite July 2018 Ban

Crypto Mining Apps Continue to List on Google PlayStore Despite July 2018 Ban

BITCOIN, BTC MANAGER, CRYPTOCURRENCY
In July 2018, Google Play had announced that cryptocurrency mining apps would not be permitted on its browser or any platform supported by the company. However, Google’s Play Store continues to list applications that enable mining of cryptos such as bitcoin and others. Mining Apps Are Still Revolving in Playstore In an updated developer policy in July 2018, the platform had said  the company would not allow apps that expose users to deceptive or harmful financial instruments.  At the time, the decision sounded severe and final. However, a closer look shows that the policy was merely words on paper, and Google Play has not put the ban in effect. One such instance is JSEcoin, a U.K.-based blockchain startup. The company is working on browser-based mining solutions as an alternative to adve
Cloud Mining Platform Genesis Wants “Unprofitable” Miners to Upgrade Their Contracts to Avoid Termination

Cloud Mining Platform Genesis Wants “Unprofitable” Miners to Upgrade Their Contracts to Avoid Termination

BITCOIN, BTC MANAGER
The bearish trend that has been affecting the global crypto market for a while now seems to have finally taken its toll on Genesis Mining, one of the world’s leading cloud mining providers. The company published a blog post on Aug 16, 2018, implying that it is left with no option but to force some users to upgrade their existing contracts to avoid having their accounts terminated. Unprofitable Accounts Could face Termination The Iceland-based cloud mining platform began the announcement by pointing out that miners all around the world have had a rather tough time right since the fall of 2017. With dwindling crypto prices and increased competition, it is becoming progressively tougher for most miners to make profits as they had hoped for before entering the game. “Unfortunately, Bitcoin we
Ripple Adds 3 New Crypto Exchange Partners to xRapid

Ripple Adds 3 New Crypto Exchange Partners to xRapid

BITCOIN, RIPPLE
Ripple announces that it has signed partnerships with 3 cryptocurrency exchanges: Bittrex, Coins.ph, and Bitso. The partnership focuses on the use of Ripple’s product, xRapid, that allows conversion of XRP tokens into fiat currencies and makes cross-border transactions seamless and quick.According to Ripple’s press release, published August 16th, the company signed a partnership with 3 crypto exchanges. The main motive of this partnership is to improve their cross-border payments settlement product.xRapid is Ripple’s blockchain-based, real-time gross settlement system which is basically used for transferring international fiat from one financial institution to another. The partners who have joined with Ripple are Bittrex (United States), Coins.ph (Philippines), and Bitso (Mexico). These cr
Wall Street Demand For Crypto Rises as Exchange Activity Thrives in Bear Market

Wall Street Demand For Crypto Rises as Exchange Activity Thrives in Bear Market

BITCOIN, CRYPTOCURRENCY, NEWSBTC
The interest of Wall Street firms towards opportunities in crypto custody and asset management has continued to increase despite the 80 percent correction the market experienced in 2018.Sanford C. Bernstein & Co. analysts refuted recent reports about the struggle of cryptocurrency exchanges and stated that digital asset trading platforms have been recording solid volumes, generating large revenues.The analysts added that the strong performance of cryptocurrency trading platforms in a bear market or a downtrend led the demand for crypto from Wall Street firms to increase.“As the crypto-asset class seasons and institutional demand builds, there are a plethora of opportunities for traditional firms,” the analysts told Bloomberg.Will Banks Join the Crypto Sector?Already, some of the world’
New Cryptocurrency Rewards Users for Watching and Sharing Movies

New Cryptocurrency Rewards Users for Watching and Sharing Movies

BITCOIN
Watching trailers and movies is always fun, and it can be even more exciting if you’re paid for doing so. An Australian distributor has released a new cryptocurrency which will be used to pay users for watching, sharing, and promoting their latest movies and trailers.A new cryptocurrency called “Screencreds” has been launched by an Australian-based movie distributor, Demand Film. Screencreds will be used for rewarding the users and fans who will watch and promote the company’s latest releases.Revolutionizing the Film IndustryDemand Film was founded in 2016. The company has released 40 titles across 6 English-speaking territories, focusing on documentaries and special one-day events. It is rolling out the new cryptocurrency right before it launches its service in Germany.David Doepel, CEO a
Crypto Week In Review: The Market Remains Tumultuous Even Amid Bullish News

Crypto Week In Review: The Market Remains Tumultuous Even Amid Bullish News

BITCOIN, CRYPTOCURRENCY, ETHEREUM, NEWSBTC
While investors entered this past week expecting for the crypto market to fall further, it has become apparent that the market has temporarily staved off a move lower. Whether this recovery was a result of positive fundamentals or just a “dead cat bounce” remains to be seen. Nonetheless, this week has had its fair share of positive news that will only better this nascent industry’s fundamentals.Network Hashrates Continue To Rise, Despite Questionable Market ConditionsSince the start of 2018, the cryptocurrency market has undergone a strong pullback. Contrary to what one may think, the Bitcoin network’s hashrate has continued to see a monumental rise even amidst a bearish market. In fact, Bitcoin’s hashrate has nearly quadrupled in the past eight months, even as Bitcoin fell by upwards of 6
Pornhub Subsidiary Tube8 to Reward Users with Crypto for Watching Porn

Pornhub Subsidiary Tube8 to Reward Users with Crypto for Watching Porn

BITCOIN, CRYPTOCURRENCY
Tube8, a subsidiary of one of the most popular adult film websites, Pornhub, has announced plans to put its entire platform on the blockchain. The popular adult streaming video website is partnering with Vice Industry Token (VIT) and plans to reward users with VIT tokens for watching porn.According to Hard Fork, Tube8 is teaming up with Vice Industry Token (VIT) to completely tokenize its platform. Under the new “user engagement model,” users would earn VIT tokens for streaming and otherwise engaging with content on the platform. Slated to be implemented by the end of the year, the move would make Tube8 – which boasts more than 10 million users and 150 million visitors per month – the first major adult streaming service to reward the viewers with unique crypto tokens.Tube8 Signs Deal With
Pantera Working to Raise $175 Million for New Blockchain Venture Fund

Pantera Working to Raise $175 Million for New Blockchain Venture Fund

BITCOIN, RIPPLE
Crypto-focused investment firm, Pantera Capital, has stated that it is hoping to raise $175 million for its next venture, and are reportedly more than half-way there already.Being at the forefront of cryptocurrency advancement is expensive work, just ask Paul Veradittakit, firm partner at Pantera Capital. According to Tech Crunch, one of the industry’s biggest investment firms is looking to raise a total of $175 million in its latest round of fundraising.This is seven times more than its previous venture fund, which was set at $25 million, which itself was nearly double the amount of its first fund of $13 million. Veradittakit says that this upward trajectory is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interes
Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

BITCOIN, BTC MANAGER
In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least $100 million in the second quarter and over $400 million throughout 2018. However, the actual revenue was only 18 percent of the projected revenue. Given the massive discrepancy in the projected revenue and the actual revenue from its cryptocurrency business, Kress stated that the company would not commit to any contribution to the crypto sector shortly. “Whereas we had previously anticipated cryptocurrency to be meanin
Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

BITCOIN, BLOCKCHAIN, BTC MANAGER, ETHEREUM
Binance, the world’s largest cryptoassets exchange by 24-hour trading volume, has announced the launch of a fiat-to-crypto exchange in the heart of Europe. It will offer trading between the Swiss Franc (CHF) and Euro (EUR) against a handful of established digital assets, as per an August 16, 2018, press release. Binance Crypto Revolution The world famous exchange has added another trophy to its gallery by launching a fiat-to-crypto exchange in collaboration with Liechtenstein Cryptoassets Exchange (LCX). As stated in the press release, Binance LCX exchange will make it possible for crypto investors in the region to carry out trading activities between the Swiss Franc (CHF) and the Euro (EUR), against major digital currency pairs, with more trading pairs to be added over time pending regula