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We share content, information, messages and routine life on the internet. Money should also work in the same way as for transfer of information. Secure, worldwide, free, open without any central authority and most importantly, transfer of money with fun. In that case, we have an option chinese circle on vision, that we should be able to exchange values.

The main vision is to connect the world’s largest currency zones. That is why a foundation for this purpose has been established in US and UK. The foundation will transact Euro, Dollar, Pound, and other large currencies to blockchain technology.

Customers in the UK, US, and soon in Europe can soon perform these transactions. They will be able to do transactions in a secure and freeway through Circle’s social payment app.

With the rising of this technology, Circle is going to introduce this technology to its Chinese customers.

The Circle has launched a company in China manufacturing, raising $60 Million from Chinese investors. The company is keen on expanding into world’s second largest economy. Chinese firms including Baidu, CICC Alpha, Everbright Investment, IDG Capital Partners, and Beijing-based tech investment have reportedly made the latest funds.

Allaire says, “We’re not aiming to compete with the domestic market as that would be a suicide mission given the strength of local players like Alipay and WeChat, but we can connect Chinese consumers with the euro zone and dollar markets”.

Strategy in Financing:

IDG Capital Partner, the prolific Beijing-based VC led the $60Million strategic finance.

Along with IDG, Breyer Capital and General Catalyst Partners, we have brought on a powerful syndicate of major strategic partners in China, including Baidu, CICC ALPHA, China Everbright Limited, Wanxiang, and CreditEase.

These strategic partners make it sure that they will create an open, global, and free model of social payments. That will be enabled for the consumer in China, US, UK, and also in Europe.

Circle’s China Unit:

Circle’s China unit works as the local incorporate company. Allaire says,” Circle’s China unit has not launched any product. Whereas, there are already many pending deals with banking partner and legal license to operate.”

In payment process, Circle allows payments to countries in which this technology has not launched yet. Whereas, payments have transferred in Bitcoin within few minutes via blockchain network. Once the process of payment completes, the Bitcoin transfers to the currency. Circle’s aim is to connect China trading consumers with new global means of payments.

People’s Bank of China wants to launch its own digital currency. Basically, they want to decrease the cost of traditional paper money and boost policymakers. That is why they are in support of digital revolutions like Bitcoin.

Allaire finished with: “The company now adds the support for euro-denominated payments in Spain as the first step of a broader euro rollout.”

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LITECOIN GAMBLING – BEST SITES, ADVANTAGES AND DISADVANTAGES

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This article will give you a complete and comprehensive guide to Litecoin gambling. First of all, you have to find a description of how this digital currency works and by what means to gamble with Litecoin. In this article, different available litcoin gambling games are discussed.  These games are including dice games to complete casinos and also simple lottery games. In the end, you will find some benefits of gambling with Litecoin and also a comparison between Litecoin and other Digital currencies like Bitcoin.

How Litecoin Works and How to Gamble with It?

Litecoin mined same as Bitcoin. There are ultimately 84 million Litecoin, however, at this time there is a lower percentage of that number. You may hold this digital currency in a dedicated wallet, which you can download on the most computer and also your mobile devices. You can buy and sell Litecoin at the same exchanges which sell you Bitcoin. These exchanges include BTC-E and Coinbase. There are some restrictions on purchasing Litecoin and Bitcoin by using payment method which is potentially reversible. But you can buy Litecoin with Bitcoin and Vice-Versa.

Anyone can gamble anonymously with Litecoin. You just have to register yourself at an online casino with an email address. You pay through your wallet using a receiver Id, which you do through cut and paste from a gambling site. The deposit ad withdrawals both are almost instant. When you have to withdraw you just enter your wallet Id and the total amount you want to transfer.

There are a lot of Casinos which accept Bitcoin have started to allow gambling through Litecoin too. Known as “Natural Successor” to BTC, and is the second most famous digital currency online.

What are Litecoin Gambling Options?

There is a wide range of online gambling options with Litecoin. Some gambling games are also available which you can play with Litecoin. The main difference is the simple games that have established by the digital currency community, and the by the fully developed casinos. These online gambling games offer different payment method as pay through Litecoin or Bitcoin.

Some games are graphically much ugly. The biggest attraction these games is that they have the technology which shows that they are provably fair.

Here are some examples of best gambling sites

1.     Litecoin Hi-Lo:

This a simple game in which you have to guess high or low through a sequence of cards. Since you can discuss the odds you get and can also choose how much risks you are ready to take for every card. These games are Provably Fair.

2.    Litecoin Dice:

This is a probability based game, generally based on a casually generated number which is between 1 and 100. You have to just set your own odds by selecting the range of wins. You will be able to check whether the game was random after facts. The sites which provide these games offer a trail of the last 20 games for you so you can able to see the results of those too.

3.   Ponzi Games:

In these games, you have to make sure you have not left holding the bounty after 24 hours are up. You will buy a string from the last player, then 0.01 LTC will be added to the total at this point. Then try to sell the string. If someone buys the string, you make a profit, if not, then you will get a 10% as a consolation prize.

What are The Casinos Accepting Litecoin?

Bitcasino.io is the fully featured casino which runs on the platform offered by CoinGaming. This includes 3D slots from the acclaimed BetSoft, Video Poker, and Keno. You can also find a Live-Dealer Casino too. The suggested names also accept Bitcoin. If you like sports, the Bittcasino also have a fully-featured sportsbook.

What are Gambling Advantages With Litecoin:

Most of the advantages of gambling with Litecoin are common with Bitcoin.

·        These advantages include check and balance to verify to confirm the fairness of games.

·        You can play with Litecoin anonymously.

·        No personal backup document and information is required by the gambling sites.

·        There are no transaction fees playing with Litecoin.

There are some technical benefits however, these are behind the scenes in the Blockchain processing.

Tags: bitcoin vs other cryptocurrencies

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Exceed of $1M in bitcoin transaction within two months

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Overstock.com, 5 march 2017, overstock noticed one thing after acceptance of bitcoin, that is, people want to use bitcoin for their transaction. Chairman of overstock states, “We did not expect to hit this milestone so quickly, “and “Bitcoin customers are good customers, and we’re pleased to provide them this service.”

About overstock

Overstock is American’s largest internet headquarter. On January 9, 2014, bitcoin became the major retailer, who accept the bitcoin as a payment of its goods. First day sales through bitcoin was USD$ 126,000,

4.33% increase in sales. Whereas, per day sales calculates is $3 million per day.

Powerful transactions

In early January, overstock starts its working to process the payment and handle the conversion of bitcoin into U.S dollars. As a result, 4300 customers pay $1M for bitcoin payments. 60% of customer were new on overstock.com

Bitcoin transactions have a long way. Retailer’s financial statement indicates $397.6 million revenue during its fourth quarter. Just because of this news, overstock trading rises up to 4%.

This was basically an experiment, but with the result, overstock is happy with its decision.

Strangely enough, with the support of bitcoin ecosystem, overstock see significant gains with no drawbacks.

 

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History of bitcoin

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Bitcoin is a digital currency, world’s famous cryptocurrency. Who creates Bitcoin? Its answer is not that much easy. while the identity of the creature of bitcoin is still a mystery.  In last of 2008, someone going from the username Satoshi Nakamoto, release a white paper to cryptography list. The 9-page paper was entitled” Bitcoin, peer-to-peer electronic cash system”. That day and today, we do not know the creature, is a personality or a team work???

With pseudonym creature, bitcoin asserts itself. In the meantime, Bitcoin creates a strong impact on users of the cryptocurrencies’ world.

Now, here I am going to share bitcoin price history, its origin and how its start work, and rises as a star in cryptocurrency world.

2007:

Basically, working on bitcoin concept was started in 2007. If we consider, that Satoshi Nakamoto is a legend. He starts working on this concept to provide fair and free transaction system. While he was on record as living in Japan.

August 15, 2008:

The allege originator of Bitcoin concept denies the connection with Satoshi Nakamoto. Even so, Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application.

A great silence…………………………

August 18, 2008:

18 August 2008, anonymousspeeches.com register a domain, named bitcoin. A site, allows users to join and do transactions. This was the birth of Bitcoin in the real world.

 October 31, 2008:

Nakamoto publishes the design white paper in cryptography list. Whereas, the paper includes that the bitcoin currency is going to solve the issue of currency being copied.

January 3, 2009:

The first block was mined on January 3, 2009. It was,” Block 0, the genesis block, is established at 18:15:05 GMT.

January 9, 2009:

Version 0.1 released. It includes the generation system which creates 21Million bitcoins through 2040.

January 12, 2009:

Version 0.1 of bitcoin released on this date. Compiled

with Microsoft visual studio for windows. In which, bitcoin generation system will generate 21Million bitcoin through the year 2040. In addition, at the end of this year, on 16 December 2009, 0.2 version of bitcoin released. Whereas, 0.3 version released on July 7, 2010.

0.3.13 version of bitcoin released on September 29, 2010.

A Brief Look at Bitcoin History – First Bitcoin Transaction:

First bitcoin transaction takes place between Satoshi and Hal Finney on 12 January 2009.

Born of currency exchange:

First bitcoin market established on 6 February 2010 by doing dollar as Bitcoin currency exchange.

10,000 BTC spent on pizza:

Florida programmer, Laszlo Hanyecz pay 10,000 bitcoins for pizza. That was the real-life transaction takes place in cryptography world.

Pool mins……:

On September 18, 2010, bitcoin pool mining was introduced. Furthermore, several users work together and enjoy the benefit together.

2013:

No doubt, the most important year of the bitcoin. This year, Bitcoin wrote its history. In 2013, its market capitalization reaches $1bn. China bans this technology first. But today, 80% of bitcoin transactions are processed in China and become the largest trader of Bitcoin in the world.

2014:

In 2014, first and most progressive treatment to bitcoin was held by HMRC. Who classified bitcoin as the asset or private money.

2015:

The biggest change comes from banks and industries. Most of the banks trying to change their infrastructure. Whereas, industry executives talking about Bitcoin and some of them do transactions.

2016:

Therefore, it is too early to tell you about the story of Bitcoin in 2016. It reaches heights and sometimes faces loses.

Future Prediction of Bitcoin:

As bitcoin reaches the price of gold, and compete with many more cryptocurrencies. Which makes its strength in the financial market. Looking at the Bitcoin value history, future can be easily predicted. And my prediction is that coming era is bitcoin era.

 

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UK Heading to Historical Election Sees Rise in Bitcoin and a Fall in Footsie Prices

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Increase bitcoin value

Theresa May, the unelected British prime minister has surprised as well as excited everyone simultaneously by calling a snap election.

Main Story:

“It was with reluctance that I decided the country needs this election, but it is with strong conviction that I say it is necessary to secure the strong and stable leadership the country needs to see us through Brexit and beyond,” May told the Reuters.

The surprise/excitement is there because no one expected an election as May had already firmly stated that there won’t be one.

The sudden U-turn has seen FTSE drop some 2.46%, taken the Pound to month’s highest and increased Bitcoin value by 1.50%. Great news for Bitcoin fanatics!

The outcome of the election is somewhat certain as May is 20 points ahead of Labour leader, Jeremy Corbyn, who is considered to be unelectable by the public.

The only candidate that could give Theresa tough time is the Liberal Democrats leader, Tim Farron. The party came to power in 2010 and got a severe punishment in 2015 due to raising student fees.

The major deciding factor in this election could be the Pro-EU stance of Jeremy. However, the Labour leader has been accused of lackluster Pro-EU campaigning before the referendum took place. This has led some voters believing that he is secretly Pro-Brexit.

Therefore, the only realistic choice for 48% anti-Brexit voters is Tim Farron. But it’s still early days to predict what the Liberal Democrats leader has to offer. Will he be willing to accept the referendum’s result and campaign on soft-Brexit? Only time will tell.

However, if he does so, it may very well cause the third political earth quack in just months.

Whatever the election outcome is going to be, the decision of Britain to leave must be upheld. Fingers crossed!

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