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Throwback Thursday: Kentucky Police Chief Asks to be Paid in Bitcoin

Vicco, Ky., is a town that’s known to be one of the smallest of the smallest towns, with a population of just around 330 people. But hey, don’t judge a town by the number of its inhabitants, right? Well in 2013, that was definitely the case here since that did not keep a Police Chief named Tony Vaughn away from the trends of the internet and rising cryptocurrencies.

Considering back then Bitcoin was still gradually growing and beginning to stabilize, it was a story that gave the currency quite a boost and hopes of becoming a payment method one day. Luckily, the city commission approved of this and after standard federal and state reductions in US dollars, Vaughn had received the bitcoins in his personal account.

Fast forward four years and Bitcoin has earned and is still earning a lot of fame and popularity as major investors have accepted the cryptocurrency as a means of payment. Also, let’s not forget the endless amount of altcoins following right behind. One can safely say that we are, as a matter of fact, entering a world of digitization.

 

Story Credits: cnet.com

 

 

 

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What Are The Best Altcoin To Invest in 2017?

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Here are some suggested best Altcoins you might consider to invest in 2017:

Ethereum:

Vatalik Buterin stated in late 2013, this blockchain based, public, and open source distributed computing platform is the great rival of Bitcoin. The Ethereum’s main target was to program required agreement into the blockchain that led to the introduction of a new smart contract hallmark. It has gone from $8 to $130 1st of January to 17th of June and its worth is $235.91 at the time of writing which is impressive.

Litecoin:

Litecoin is a peer-to-peer virtual currency which allows flash and almost zero cost subsidies to anyone who is producing it. This digital currency is a global remittance and an open source channel which is totally decentralized without any major credit. Math defends the arrangement and offers the people to regulate their own investment. The main features of Litecoin include advanced storage capacity and high-speed transaction verification times than the other digital currencies.

Dash:

Dash is the first decentralized and independent system which offer their users all that Bitcoin has to offer. It also presents their users some advanced capacities which include private transaction, instant transactions, decentralized governance. Dash offers the users the solutions for applying increased time to confirm a transaction, double spending dilemma, and secrecy concerns etc.

Ripple:

Ripple is a technology which allows the banks to send real-time payment worldwide across the network. It’s also a solution which exclusively relates to securing real-time payment among the banks at low cost, low risk, and a great speed. Some international banks such as Mizuho Financial Group, Siam Commercial Bank, UBS, and Fidor Bank have joined hands with the Ripple which show the remarkable potential of Ripple.

Primecoin:

Primecoin is an altcoin, produced by Sunny King. It finds the prime chains composed of Cunningham and the Bi-twin chain for proof-of-work, which may drive to some useful byproducts. These prime number chains consider being very important for the mathematical investigation.

Peercoin:

This digital currency does not have an inflexible limit on the possible coins like Bitcoin and Litecoin. Peercoin has designed to grow an annual inflation rate of 1 percent. If you have got a device which works for Bitcoin network then the same device will also work with Peercoin.

Dogecoin:

Dogecoin introduced on December 8, 2013. It made its online community rapidly and lead at a capitalization of 60 million USD in January 2014. Dogecoin project has a large number of the coin which is lower in value and suitable for transferring out the small transactions. It provides faster transaction and it’s also extremely cheap.

Feathercoin:

Feathercoin offers borderless transactions by using an end to end technology. It has enough uniqueness to bypass banking and it is one of the best features of Feathercoin. Conflicting to other digital currencies, it revives on regular basis to combine additional features and developments and providing a safeguard for the fork.

Monero:

Different from other digital currencies which are challenging to Bitcoin, Monero base on the CryptoNote protocol. It occupies basic algorithm irregularities and restating to the blockchain complications. It offers the characters with the Ring Signatures and Stealth Addresses. Monero has also a discreetly fleet production arcs.  Monero with a smaller inflammation of 12% per year is already acceptable and it’ll surely a risk for the Bitcoin rank in DarkNet markets.

Antshares:

Antshares is the newest platform to make a call on the market with a shouting cap of more than $7 million at the issuing time. It has produced some serious partnership with different chief multinational companies in the world as Alibaba.

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Bitcoin Hitting High Notes

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Digital Currencies on the Rise

Bitcoin has been on the climb to sky-rocket since the currency split into two a week ago, with its total market value standing at around $55 billion, it seems as there’s no place the cryptocurrency would rather be.

It is now standing at $3260.80 per coin after experiencing it hit $3344 for the first time ever.

 

 

Bitcoin Cash, meanwhile, is back up 28% valued at $271.71 after its drop from $727 on August 2.

Trading platform eToro’s analyst, Mati Greenspan says Bitcoin Cash’s dip and Bitcoin’s surge are likely correlated.

Greenspan wrote in an email on Monday morning: “All that money that seemingly came out of thin air to pump up the value of Bitcash is now being fed right into Bitcoin. Bitcash has fallen from its peak of $12 Billion all the way down below $4 Billion this morning. Bitcash sought to replace the original form of digital money but the miners never embraced it. As it was seen by many as something for nothing, many users are now dumping.”

Related: Buy Bitcoin Online

This is how Bitcoin had performed last year, this proves that we’re now on record-breaking grounds.

 

News and Image Credits: businessinsider.com

 

 

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Litcoin Price Drops by 4% as LitePay’s debit card launch Delays

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The price of Litecoin has seen a decline after LitePay’s debit card launch, which was scrubbed at the last minute and delayed indefinitely.

Litecoin Price Drops By 4%:

The cryptocurrency market has sustained to shake off the crash that it has experienced this weekend, and most of the large-cap cryptocurrencies have seen strong gains against the US dollar.

The cryptocurrency market index has increased by almost 7%, while Litecoin has seen a decline in its price by almost 4%. At this very moment, the price of Litecoin is $212, which shows that this cryptocurrency has seen a single-day decline of 4% and has the market cap of $11.7 billion. The huge chunk of Litecoin trading volume is focused on OKEx, which accounts for more than 31% of all LTC volume. Especially, KRW pairs, which frequently spike on altcoin recovery, contain a comparatively small amount of Litecoin trading at this time.

litecoin price drops

The current decline in the price of Litecoin appears to be related to the planned launch of LitePay (fintech startup), which was planned to take place on 26th February, but was partially postponed at the last minute and delayed indeterminately.

According to a report, LitePay is intended to offer a solution based on LTC payments that will make it quite simple for traders to accept Litecoin. This service will also issue a debit card, which will be LTC-funded, letting the users to circuitously spend their coins at almost any business.

The statement that LitePay would be launched on 26th February, led to a momentous Litecoin price rally. Though, the company also sent an email to its users just ahead of the planned launch, notifying them that an essential factor of the firm’s business model which is the “LTC-funded debit card” had been postponed indeterminately due to the antagonistic activities by card issuers towards crypto communities.

It is also said by LitPay, that it will open trader’s registration as planned, however, the indeterminate delay on the debit card service of it, caught lots of users by unexpectedly and have likely contributed to the bad performance of Litcoin today.

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How to Buy Bitcoins With PayPal Through Wirex/E-Coin?

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E-coin is a bitcoin trading platform that provides virtual and physical Bitcoin debit cards. You can use your E-coin card with your PayPal account.

Following are the steps you must go through in order to complete the purchase.

Step 1: Order an E-coin Virtual Debit Card:

Log onto e-coin, click on “request new card” and select the type of card you want.

A virtual card costs around $3 and is enough for this process.

Buying Bitcoins with PayPal through Wirex

Step 2: Link Your E-Coin Virtual Debit Card to PayPal:

Log into your PayPal account, go to “Money” and click on “Add a card.”

Buying Bitcoins with PayPal through Wirex

Fill in the details (Name, email address etc.). Once you’re done, click “Add card” to move on to the next step.

(Tutorial: how to buy bitcoin with PayPal through the Wirex/E-coin platform)

Buying Bitcoins with PayPal through Wirex

PayPal will ask you to verify the new card. Click “Confirm my card, ” and PayPal will begin a series of transactions to verify your card. PayPal will charge you a fee, so make sure you have a balance of at least $3 on it.

Step 3: Enter PayPal Code:

Buying Bitcoins with PayPal through Wirex

Go to your Wirex/E-coin account where under the “Card Transactions,” you will see a 4-digit code from PayPal; note it down.

Buying Bitcoins with PayPal through Wirex

Insert this 4-digit code into your PayPal account and voila! Now your E-coin card is linked to your PayPal account.

 

Step 4: Withdraw Funds From PayPal to Your E-coin Card:

Click “Withdraw money” on your PayPal account.

Buying Bitcoins with PayPal through Wirex

Then, select “Withdraw funds to your card.”

Buying Bitcoins with PayPal through Wirex

Enter the amount you’d like to withdraw, select your E-coin card and click “Continue.”

Buying Bitcoins with PayPal through Wirex

Your request is now in process, and the funds will be deposited onto your E-Coin card in around 5 to 7 working days.

Buying Bitcoins with PayPal through Wirex

 

Step 5: Buying Bitcoins Using E-Coin Card:

After withdrawing funds from your PayPal account onto your e-coin card, you can now buy bitcoins.

Log onto your account and select “Buy Bitcoin.”

Buying Bitcoins with PayPal through Wirex

In the same manner you buy bitcoin instantly with debit card,  you can buy bitcoins with E-Coin card. Enter the number of bitcoins you want to buy – the funds will be deducted from your card. After the deduction, click “Submit.”

Confirm the Bitcoin purchase by clicking on “Confirm.”

Buying Bitcoins with PayPal through Wirex

You will receive an email confirming your successful transaction.

Buying Bitcoins with PayPal through Wirex

This infographic gives a graphical representation of steps involved in the Bitcoin transaction.

Buying Bitcoins with PayPal through Wirex

 

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