Cryptocurrency News

Cryptocurrency And Data, The Future Basic Global Income?

Can cryptocurrency and data be the future basic global income? It is believed that by the end of the year 2030, 800 million people all over the world, will have lost their jobs. This will be the result of global automation. Yes, the rich are gonna get richer…


And The Poor Are Gonna Be Dinosaurs!
Of course, what else?! No one can survive without moolah can they? It is believed that the way of delivering UBI (universal basic income), lies with cryptocurrency. More and more cryptocurrency firms are now getting more and more involved in the process of setting up decentralized platforms.

These firms are going to pay people, when these people share their data with these firms.  Of course, the goals of these firms are varied. But, there is belief that cryptocurrency can be used so as to be able to transform data into a kind of UBI. From a technology point of view, it is true that the platforms of such companies can indeed pay people for their personal data, but what is not clear is whether this kind of data has a market demand that will suffice to be able to make payments to UBI levels.

What People Have To Say About This
Co-founder of Harmony, a scalable blockchain, Nick White, says,
“Harmony serves as the underlying architecture for a user-owned internet – an internet not monopolized by the Googles and Facebooks of the world. When users have sovereignty over their data, they will be in a position to sell it to others who would like to use the data to train their own models and/or target the user for goods or services. The sharing of personal data and the payment for said data by an online retailer, news website or advertiser can all happen natively on the Harmony blockchain."

Data Is Being Heralded As The “New Oil!”
As such, people all over the globe should be able to earn a good deal of supplementary income, by selling their personal data. But will people be able to earn a universal basic income from selling their personal data? There are many experts who question this and one of them is the chair of the Sovrin Foundation, Phil Windley, who says,


"The problem is the personal data as property idea. Identity data isn’t property in the way we understand property and selling it gets into some very complicated issues. But more importantly, it’s unlikely to amount to much – a full dossier on someone from a hacked account costs a couple bucks per person – including credit card numbers."

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Losses For Major Crypto Currencies But Bitcoin Hovering Close To US $5,100


What is happening to Bitcoin? Major crypto currencies are taking losses, but Bitcoin is hovering at close to US $5,100. Yes, almost all of the top 20 cryptocurrencies reported slight losses, but Bitcoin (BTC) managed to hover around the US $5,100 mark.


Bitcoin (BTC) Price Up
In the Bitcoin latest news today, the price of Bitcoin was up by about half a percent, trading at around US $5,107.

The largest altcoin by market cap, Ethereum (ETH) held good at its $17.4 billion market cap. In the last 24 hours, the change in ETH has been almost as good as negligible, going down by only a mere fraction of a percent and trading at around US $165.


Ripple (XRP), the 2nd biggest altcoin, had a $13.7 billion market cap. In the past 24 hours, Ripple also saw just fractional losses and traded at around US $0.327

Latest Bitcoin Price News
Comparing the leading 20 cryptocurrencies, Binance Coin (BNB), was the only one to have notable gains, up by nearly 3%.

It was reported that miners of Bitcoin SV (BSV) faced gross losses of roughly US $2.2 million.

$173.1 billion is the current total market cap of all cryptocurrencies.

That then is the latest Bitcoin news updates of all the major crypto currencies.



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Facebook Plans To Start Its Own Cryptocurrency


Yes, the latest crypto news is that Facebook plans to start its own cryptocurrency! Fact is, Facebook is seeking to raise $1 billion, to this effect. And coming to their rescue, as per crypto news now (Why does Facebook need anyone to come to their rescue? Does Mr. Mark Zuckerberg not have $1 billion to fund his own cryptocurrency??) is none other than Tim Draper, billionaire venture capitalist.


What Does Tim Draper Have To Say?
It would seem that Mr. Draper definitely knows what is a good investment – and what is not. And in his own words,
“I am interested to hear the story. We will see if it is a fit.”

Live Bitcoin news has it that Mr. Draper has placed a lot of winning bets, including those on Skype and Bitcoin. But he is not the only one who is looking into the Facebook cryptocurrency venture. There are a number of hedge funds, big backers, family offices and venture capitalists, who are just waiting to pounce on the new venture of Mr. Zuckerberg.

Block Chain Team Power Increase By Facebook
Cryptocurrency latest news today has it that since that past few months, Facebook has been putting heavyweights on its blockchain team. Presently, it is said that Facebook has plans to fill a minimum of 20 blockchain-related positions. Plus, live bitcoin news reveals that a minimum of 50 Facebook engineers have been dedicated to work solely on the blockchain project of the company.


Bitcoin latest news today has it that Facebook is working on a stablecoin, which it has plans to integrate for use by its users of its messaging service applications like WhatsApp, Messenger and Instagram. Facebook has around 2.5 billion users worldwide and it has plans to release its cryptocurrency in the 1st half of the year 2019. With the release of the Facebook cryptocurrency, WhatsApp users will be able to send money instantly. 

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Japan’s Biggest Bank Set To Launch Cryptocurrency Coin

There is big news in the cryptocurrency market happening right now, as Japan’s biggest bank is set to launch its very own cryptocurrency coin. The biggest bank in Japan, Mitsubishi UFJ Financial Group Inc., has finally announced that it will be launching its very own in-house digital currency.
Very Big Cryptocurrency News Announcement
Mike Kanetsugu, Mitsubishi UFJ Financial Group Inc., Group President, announced this week that before the end of the year 2019, their very own cryptocurrency coin, would be out in the market. Mitsubishi UFJ Financial Group Inc., is the biggest bank in Japan and the 5th biggest bank in the world.

What is the need for a cryptocurrency coin? Mitsubishi UFJ Financial Group Inc., has many operational issues which affect it. As such, the launch of its own digital currency, has been designed to solve many of its operational issues. Japan is a nation that has a cash-dependent economy and due to this, the storing and transportation of large volumes of banknotes and physical coins, is getting tougher with each passing day. And so, Mitsubishi UFJ Financial Group Inc., has made a decision to come out with its own digital currency.


Latest Crypto News On Japan’s Cryptocurrency Coin?
One of the main assets of this new digital currency by Mitsubishi UFJ Financial Group Inc., is that it will be a currency that is backed by the bank. Plus, this currency will also be integrated into the new mobile application of the bank. This new mobile app will let users of the bank manage all of their credit cards – in one place!

This new SmartPhone app of Mitsubishi UFJ Financial Group Inc., will also enable its users to manage all of the reward points they have earned. Plus, it will also let users do various kinds of managerial functions. This is definitely creating one big crypto news ripple.
The app is scheduled to be launched by the end of June 2019. Mitsubishi UFJ Financial Group Inc., launching its digital coin, is according to Mike Kanetsugu, aimed at the biggest bank in Japan, building “an organization that is relied on and trusted globally and represents innovation.”


Will Japan’s Cryptocurrency Coin Be A Success?
Only time will tell that! But one thing is for sure, all eyes all over the globe, are going to be on Japan and the cryptocurrency coin of Mitsubishi UFJ Financial Group Inc.

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Breaking Cryptocurrency News Is France Passes Bill In Favor Of Cryptocurrency


Yes, this may sound unbelievable to some or many, but the breaking cryptocurrency news is that France passes bill in favor of cryptocurrency. As a result of this Bill passed by France, insurance markets in France will now be able to invest in cryptocurrencies.


The name of this Bill is - ‘Plan d’action pour la croissance et la transformation des entreprises’. The Bill allows France’s insurance providers to invest in different kinds of cryptocurrencies like Bitcoin and the cryptocurrency latest news today is that they can make these investments, with there being absolutely no limit on the amount of money they want to invest.

The Purpose Of This Bill?
Cryptocurrency news is that The National Assembly of France, on April 11th, 2019, passed the Bill, with the aim of the stimulation of local businesses being developed. The Assemblee Nationale voted 50 against and 147 in favor.

Emmanuel Macron’s party La République En Marche, Deputy And Budget Manager, Joel Giraud, while confirming the live crypto news about the Bill, also stated that it, “was not the primary objective of the Pacte.” He further states about this latest crypto news that, allowing insurance companies to invest in crypto “was not the primary objective of the Pacte, but insurers will be able to offer products based on crypto assets. They will be able to do so through specialised funds.”


Is The Bill Against Privatization?
From a perspective of crypto news now, yes, it appears that this Bill passed by France, is actually a strong statement, against the entire privatization process. This is because it allows for the flourishing of local businesses. Plus, it is also a way of paving for the stake that the government has in the group ADP of its airports, enabling the government to be able to raise capital for a new innovation fund. So, is there more to the eye than is seen with the new Bill passed by France? This is the word circulating in cryptocurrency news.

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Bitcoin Scam Dupes Netherlands Investors To The Tune Of Over US $2 Million

Yes, a Bitcoin scam dupes Netherlands investors to the tune of over US $2 million and this began in the year 2018.  Over the years, this very same Bitcoin scam has been tried and tried and this time it has proved to be a very big success in the Netherlands and it is hitting the cryptocurrency latest news today.



Netherlands Bitcoin Scam Creates Crypto News Ripple
Yes, major ripples are being seen in the world of cryoptocurency, as a result of the major Bitcoin scam in the Netherlands. But the worst part is, this scam was nothing new and has been in operation since a long time. Yet, people in the Netherlands fell prey to this Bitcoin scam.

How did the Bitcoin scam operate? Very simple actually! A website was created for crypto investments – and this website was made to look very legitimate. Of course, how can anyone know whether a website is legitimate or not? The website claimed to offer massive profits on investments – the one thing that most people fall prey to! Plus, an image of a celebrity was put on the page – as though the celebrity was endorsing the Bitcoin website! As simple as that! People in the Netherlands thus fell prey to one of the oldest Bitcoin scams going around, since ages!


The Effect Of This Bitcoin Scam On People?
Based on Bitcoin news updates, there are many people who believe that Bitcoin and cryptocurrencies are just one big scam. In the words of one person,
“Okay, I'll say it, Bitcoin is a scam. In my opinion, it's a colossal pump-and-dump scheme, the likes of which the world has never seen.”

What is happening to Bitcoin? Is Bitcoin just one big scam? Will the world of cryptocurrencies come crashing down all of a sudden? Only time will tell! For now, the Dutch are still trying to figure out how they could succumb to such a big Bitcoin scam!

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What Can You Buy With Bitcoins in 2018?

What can you buy with Bitcoins in 2018 is definitely what must be on your mind, if you are contemplating buying things with Bitcoins. Bitcoins are the new form of currency now being used by people all over the globe today. 


Bitcoins are now the Leading Cryptocurrency 

Fact is, Bitcoins are today the biggest and the most famous digital currency.  Today, there are many big companies who have now started to accept Bitcoins, as a mode of payment for various kinds of goods or services. 

As a result, there are lots of places where you can use Bitcoins today – with more and more places increasing every day. Take a look at the many places at which you can use Bitcoins – to buy all kinds of things: 


1.     One Shot Hotels – Spanish hotel chain 
2.     Save the Children – Worldwide charity Organization
 
3.     Badoo – Online dating site
 
4.     Rakutan – E-commerce giant of Japan
 
5.     LOT polish Airlies
 
6.     PSP Mollie – Dutch payment service
 
7.     Seoclerks.com – SEO work

8.     Euro Pacific – Big dealer of precious metals 
9.      SimplePay – Mobile and web wallet service of Nigeria
 
10.                        Alza – Biggest Czech online retailer
 
11.                        Suntimes.com – Newspaper in Chicago
 
12.                        Shopify.com – Online store that lets people sell their goods
 
13.                        Amagi metals – Furnisher of precious metals
 
14.                        Zynga – Mobile gaming
 
15.                        Pembury Tavern – Pub in England

16.                        Lumfile – Cloud bas file server 
17.                        Grass Hill Alpacas – Farm in Haydenville MA
 
18.                        EZTV – Provider of Torrents TV shows
 
19.                        Helen's Pizza – Jersey City N.J. 

20.                        Whole Foods – Organic food store
 
21.                        Bloomberg.com – Online newspaper
 
22.                        Subway
 
23.                        CheapAir.com – Travel booking site – books hotels, car rentals and even airline tickets 

24.                        The Internet Archive – Web documentation company
 
25.                        Reddit 




26.                        OkCupid – Online dating site
 
27.                        Newegg.com – Electronics retailer online
 
28.                        Namecheap.com – Domain name registrar
 
29.                        The Pink Cow – Diner in Tokyo, Japan
 
30.                        Overstock.com – Company selling things at lower rates because of overstocking
 
31.                        Expedia.com – Online travel agency
 
32.                        Virgin Galactic -  Virgin Airlines and Virgin Mobile 




Loads of places to use Bitcoin

As you can see, there are lots of places where you can use Bitcoin to buy stuff – online as well as offline. The best part is, the list of places where you can use Bitcoin to buy stuff, is growing day by day. So, don't you think it's time you grabbed some Bitcoins for yourself? Here is one of the top places where you can get Bitcoins – Xcoins.com


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What Is Cryptocurrency?


Simply put, Cryptocurrency is a digital currency or a virtual currency.  In early 2009, a programmer who has remained anonymous – or a group of programmers – going under the alias of Satoshi Nakamoto – introduced what is now the global phenomenon known as – Bitcoin! To know all about what Bitcoin is, read here – What is Bitcoin?




What can you do with Cryptocurrency?


It is true, in the past it was tough to find a merchant who would accept Cryptocurrency. Thus, it would be almost impossible to use Cryptocurrency to buy anything. In short, Cryptocurrency was as good as useless. But times have changed – dramatically. 


Now, you will find many merchants – online as well as offline – who are more than ready to accept Cryptocurrency – and thus you will be able to buy many different kinds of goods and services, using Cryptocurrency. 



What can you buy with Cryptocurrency?


Bitcoin is now being used as a form of payment. There are now even giant online retailers who use Bitcoin as a form of payment. You will even find many travel agencies who book flights using Bitcoin. Then there are also hotels worldwide which accept Bitcoin.


With Bitcoin, you can also buy computer parts, all kinds of Apps, jewelry and – you can even use this Cryptocurrency to buy a college degree.
You can even buy Giftcards.


Yes, using Cryptocurrency, you could even buy Giftcards. One of the major places where you can buy Giftcards using Cryptocurrency is giftoff.com. 


Giftoff.com will accept approximately 20 different cryptocurrencies. Thus, by the use of Giftcards, you can now buy almost anything – as a result of Cryptocurrency.

Yet another good news for users of Cryptocurrency is that today, there are places like openbazaar.org and bitify.com that only accept Cryptocurrency as a form of payment.
Bottom-line about Cryptocurrency


If you have ever wondered about Cryptocurrency and wanted to know what you can do with it. Well, now you know for sure that Cryptocurrency is a form of virtual currency.


And with Cryptocurrency, you can buy almost anything you want – online as well as offline. The power of Cryptocurrency grows with each passing hour – have no doubt about it. Fact is, today, at least 10 different Cryptocurrencies have been authorized by none other than Apple!  Cryptocurrency is here to stay, for a very long long time.





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What is Bitcoin?


Well unless you have been living under a rock all this time, you would have at least have heard of Bitcoin, if nothing else. Well, if you have not heard of Bitcoin, here is information on it.

In the year 2009, Bitcoin was born.
What is Bitcoin? Bitcoin is a new currency. It was the brainchild of someone going by the name of Satoshi Nakamoto… an alias. The real name of the person who created Bitcoin is unknown – at least to most people.

No banks are involved.
Yes, there are no banks that are involved in Bitcoin transactions. True, there are no banks. To deal in Bitcoins, you have to go through middlemen.


How can you benefit by Bitcoin?
You can buy lots of stuff using Bitcoin. But the main thing here is –
You can trade in Bitcoin and make lots of money.
In 2017, the price of Bitcoin skyrocketed.

Where do you buy Bitcoins?
There are many places where you can buy Bitcoins. These places where you can buy Bitcoins are called "Bitcoin Exchanges". 


How do you buy Bitcoins?
You go to a Bitcoin Exchange and you buy Bitcoins from this Bitcoin Exchange, using currency. These Bitcoin Exchange allow you to buy Bitcoins, using many different types of currencies.

Leading Bitcoin exchanges are:


1.     XCoins
 

2.     Changelly
 

3.     Bitbond
 

4.     CEX.IO
 

5.     CoinBase


Can you send Bitcoins to other people?
Yes, you can very easily send Bitcoins to anyone you want to – from your computer or by using mobile apps. It is just like the way you would send cash digitally.


Where do you STORE/KEEP Bitcoins?
You store Bitcoins in a "Digital Wallet" - this  "Digital Wallet"  is on your computer or in a Cloud.

What is this Bitcoin "Digital Wallet"?
This Bitcoin "Digital Wallet"  is just like a bank where you would keep your money. In a bank you would keep your money. In a Bitcoin "Digital Wallet", you would save your Bitcoins, receive Bitcoins and pay for many kinds of goods.

How are Bitcoin transactions recorded?
Every Bitcoin transaction is recorded in what is known as – a "Bitcoin Public Log." 


Your very own "Bitcoin Wallet ID".
Yes, when you deal in Bitcoins, you get your own personal "Bitcoin Wallet ID". This is a unique ID, that is only yours – none else in the world has this "Bitcoin Wallet ID" – only you.

Your IDENTITY is SAFE!
Whenever your buy or sell Bitcoins, your ID is never revealed. Only your "Bitcoin Wallet ID" is revealed. As this "Bitcoin Wallet ID" is known ONLY TO YOU, nobody else in the world knows that you are the person who is dealing in Bitcoins.

Totally Private Transactions
Thus, because of your "Bitcoin Wallet ID", all of your Bitcoin transactions are TOTALLY PRIVATE and only you will know about them. As such you can buy and sell almost anything – without it being tacked back to you.


The FUTURE of Bitcoin…
At the moment, nobody knows what the future will be of Bitcoin. But for the moment, Bitcoin is worth its weight in Gold. Bitcoin prices have reached the sky – beyond that perhaps.

At the time of writing this…
1 Bitcoin = US $9600.01
WOW!
Shocking? To say the least!
There you have it, all you needed to know about Bitcoins. 

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