View: 459
Want create site? Find Free WordPress Themes and plugins.

 

Russia has been one of the reasons behind Bitcoin’s drastic increase the past few months since it announced that Bitcoin is “not illegal” anymore in the country. The acceptance towards bitcoin shown by the Russians has boosted the bitcoin value, which is a major advantage to the cryptocurrency.

Burger King is one of the largest fast-food franchise in the world and to hear that it is leaning towards Bitcoin as a payment method is interesting. Although, it is yet to decide the software they’d be using to accept bitcoins.

Let’s not forget, this isn’t the first region to accept bitcoins as a payment option at Burger King. Arnhem Bitcoinstad welcomed Burger King to their list of Bitcoin merchants, by the name of Burger King Arnhem. It was the first Burger King restaurant to experiment with Bitcoin.

Since the cryptocurrency hasn’t exactly been announced as a legal tender, it causes some taxation issues. We are yet to see how Burger King will handle this problem as they move along with their decision.

It is possible that after seeing Russia’s initiative, other countries may begin to implement such payment options as well, which is what every Bitcoin enthusiast is waiting for. This will only open new doors for Bitcoin, especially in Eastern Europe.

 

News Credits: newsbtc.com

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Type Comments Here

Your email address will not be published.

Share Your Toughts

View: 910

How to Buy Bitcoin – Is It Possible to Buy Large Amount of Bitcoin?

Want create site? Find Free WordPress Themes and plugins.

How to Buy Bitcoin

With the start of 2017, a lot of investors appear to be keen on buying large amounts of Bitcoin. The traditional Bitcoin buying methods are not always suitable due to the limited supply of cryptocurrency and high transaction/deposit fees at most exchanges.

In this guide, we will explain how to buy Bitcoin in larger quantities (in excess of $100K).

How To Buy Bitcoin in Larger Quantities?

Wondering how to buy Bitcoin in bulk? You can buy it either through OTC exchanges or and traditional Bitcoin exchanges. OTC stands for “over the counter” and refer to individuals/companies that are willing to sell you Bitcoin without going through an automated or regulated trading platform.

What Are the Benefits of OTC Exchanges?

OTC exchanges have two major benefits over their traditional counterparts.

  • OTC exchanges own higher volumes of Bitcoin and fulfill your order faster as compared to traditional exchanges.
  • The exchange prices are negotiable.

Are There Any Disadvantages of OTC Exchanges?

Just like advantages, there are two major disadvantages associated with OTC exchanges.

  • OTC exchanges are less transparent. The buyers do not know exactly who they are dealing with or the volume they are supposed to trade. Their information is solely based on what they get from the seller.
  • The amount of risk involved in OTC transactions is pretty high as there are no regulations and the OTC sellers aren’t listed as money transmitters.

What Are Some Top OTC Exchanges?

There are several OTC exchanges around the globe. Some of the best exchanges to buy bitcoins are:

ItBit:

ItBit was founded in 2013 and is one of the most renowned OTC exchanges in the US. It provides Bitcoin for both small and large institutional investors.

Genesis:

Another leading OTC exchange. Over the last three years, the company has traded over 1.5 million BTC with the worth over $600 million USD.

Richfund:

Richfund is the largest Bitcoin hedge fund in the world. The company deals with market making, OTC trading, and mining operations. Richfund provides between 1000-5000 BTC and operates in Hong Kong, Korea, China, Cambodia, and Taiwan.

Something About Traditional Bitcoin Exchanges:

If you prefer traditional exchanges over OTCs to buy Bitcoin, you should consider going to the exchanges discussed below.

Coinbase:

The largest Bitcoin company. Coinbase operates both in Europe and the US and offers its users the opportunity to buy $10,000 to $100,000 USD worth of coins every day.

want to find out more about Coinbase? Read our guide on how to buy Bitcoin via Coinbase.

Bitstamp:

Bitstamp is the oldest traditional exchange around. Currently, the company sells 5,000 on average per day with the deposit fees as low as 0.05%. The fees may also go up somewhere between 0.25-0.1%, based on your trading volume.

Kraken:

Kraken is one of the very few companies that deal in Euro, British pounds, USD, Japanese yen and Canadian dollar. Similar to Bitstamp, Kraken also sells 5,000 BTC on average per day.

Conclusion:

Regardless of all the hype, Bitcoin is still in its earliest stages and the options to bulks of it are restricted. Nonetheless, the choices listed above should be more than enough to take care of this issue for you.

Did you find apk for android? You can find new Free Android Games and apps.
View: 581

A Beginner’s Guide to What Is Block Chain and How Does It Work

Want create site? Find Free WordPress Themes and plugins.

What Is Block Chain

The Blockchain is a public ledger which is used to keep the record of Bitcoin transactions or the transactions made in some other cryptocurrency.

There are three essential technologies used in Blockchain and none of them are new. Instead, it is their arrangement and application methods that are new.

These technologies include:

  1. Cryptographic keys
  2. Distributed Network
  3. Record-keeping and network security.

In this article, we have tried to make clear as to how these technologies cooperate to secure the digital relationships.

Technologies Used in Blockchain – Cryptographic Keys:

Suppose, two individuals need to make an online transaction of bitcoin, each of them holds a public and a private key. Both the keys are in an encrypted form.

The principle motivation behind having a public and private key is to create a digital identity reference. The Identity of a client depends on the blend of two keys.

The blend of these keys is additionally called “digital signature”, which, consequently, gives a strong control of possession.

However, having strong control of possession is not enough to secure digital relationships. While authentication is solved, it must be consolidated with a means of approving transactions and authorization.

In Blockchains, this starts with a distributed network.

Distributed Networks:

The concept of distributed networks can easily be understood with the “falling tree in the forest” example.

If a tree falls in a forest and we have cameras to record the event, we can positively say that the tree fell since we have the visual confirmation. Same can be said in regards to distributed networks.

A substantial piece of bitcoin Blockchain is a huge system of validators – similar to the cameras in above example – where they reach an agreement that they all witnessed the similar event in the meantime. But instead of cameras, they utilize mathematical verification.

To put it plainly, the size of a distributed network is critical for the security of the system.

Distributed networks are one of the primary elements of “Bitcoin Blockchain“. At the time of writing, the system is secured by 3,500,000 TH/s, more than the top 10,000 banks on the planet combined.

The System of Record Keeping and Security:

Lastly, cryptographic keys are consolidated with the system to create a super useful form of digital interactions. The procedure starts with taking sender’s private key, then making a declaration that he is about to make a Bitcoin transaction — and finally appending his private key to the recipient’s public key.

With regards to the earlier example of falling tree, a realist may come up with the question, why there were dozens of PCs with cameras, holding up to record whether or not a tree falls.

Now, translating the same question in blockchain terminology, how do you attract the computing power for the maximum network security.

With blockchains, clients are offered special rewards in return for giving their PC’s processing power to secure the system. Which, ultimately, pulls in an extensive number of clients offering their machines’ computing power. The more the power, the more secure the system.

Did you find apk for android? You can find new Free Android Games and apps.
View: 586

Everything about bitcoin

Want create site? Find Free WordPress Themes and plugins.

Everything about bitcoin

Bitcoin is a new cryptocurrency currency in the digital world. Transactions are made without a middle authority. Which means, no banks! No need of heavy fees for transactions. No need of central authority’s order to confirm the transaction and you are allowed to do transactions anonymously. This is the secure and legal way of transactions. Because the transaction is verified by the proper channel named blockchain. Who keeps the records of transaction and verify them through proper ways. Bitcoin is pretty much like cash for the Internet.

Who controls the Bitcoin network?

This is the network, nobody owns, Same like email technology. No one owns this technology. Bitcoin network is controlled by its users in all over the world. Developers are working on bitcoin services continuously, but they don’t have a right to interfere in transactions process. They even don’t have authority to create change in bitcoin protocol. Because users of this technology are free to use any software or version.

Who created Bitcoin?

Satoshi Nakamoto …….

A great silence. Still, the creator of this worldwide technology is unknown. 9-pages paper was released named,” bitcoin, peer-to-peer electronic cash system” in the last of 2008. From that day and today, bitcoin is number one cryptocurrency in the world. And, still, the inventor of this technology is a mystery.

Is Bitcoin worldwide technology?

There is a large number of bitcoin users in the world from different sectors. Includes the business transactions, buying and selling of good, restaurants start accepting bitcoin as a payment and much more. At the end of August 2013, bitcoin exceed with the US $ 1.5 billion with millions of dollars. US, Canada, China and most of the other countries start transactions by using bitcoin. Worldwide acceptance of this technology shows that the future of currency is bitcoin. Till 2017, more than 2-time bitcoin cross the value of the gold. This is the fact, and there is no comparison of gold and the bitcoin. Because of digital currency. The primary purpose of this comparison is, bitcoin’s value crossing the value of gold. This shocking fact has blown away everyone’s mind. As a result, bitcoin takes part in most of the international transactions.

 Acquiring bitcoin, is it simple? 

will make a sensible decision of transaction. A person is wise if he/she knows the value of a single bitcoin.  Either he/she is buyer or not.

Here, the question is, how acquire bitcoin?

How can we use it the for the transaction? and

Where do they come from?

Simple, you are interested in doing transactions via bitcoin. You will download software, make an address, choose a right and desired person for your transaction and send him/her a request. As, that person accept your request, create a business relation and exchange your needs with one another.

And, if you are going to buy or sell the goods. Do payments through US dollar or Euro, then exchange them into bitcoin.

You can also purchase bitcoin from bitcoin exchange

Purchasing of the bitcoin is not a big deal. Keep them save from scam’s eyes is an important fact. Technology anonymously uses in all sectors of the world. Once you will drop the catch…. Means you didn’t hold it again. Which, clearly means that you have to take decisions safely and wisely.

You also can earn bitcoin through mining.

What are the advantages of bitcoin?  

People don’t want to someone own them in their lives. They want to play hide and seek in real life, in daily routine. That is why they like the transactions through bitcoin.

There is complete freedom of payments. No bank holidays, no borders, no bureaucracy, no restrictions.fully control their money. Here, you can choose your desired fees for transactions.

Scams

While you are going to do transactions, be aware of scams.

Good luck!

Tags: Everything about Bitcoin, Bitcoin news.

Did you find apk for android? You can find new Free Android Games and apps.
View: 562

Top 10 Bitcoin Facts

Want create site? Find Free WordPress Themes and plugins.

Talking about the modern and its modernized developed ways, the hottest talk of the town has been bitcoin for quite some time now.

Bitcoin Basics

The cryptocurrency was developed by the pseudonym, Satoshi Nakamoto. This decentralized and decartelized digital currency is free from the regulatory control of security institutions and government controls. There are no third parties involved. The value is completely and solely set by the supply and demand of the market. The underlying algorithms generate mines, which are worked out to obtain Bitcoins as a reward. It is a digital alternative to paper money working on the peer-to-peer basis.

Buying things with Bitcoin

After the first introduction of Bitcoin to date, there has been a gradual and cautious increase in its acceptance and endurance. But the people are taking the currency with a bigger heart. By the passing time and its ability to prove itself, more and more commodities are coming at front accepting the Bitcoins. Included in these names are a few hi-fi names. These include Virgin Galactic, Lamborghini and not forgetting Mel B.

The Numbers

Bitcoin mining is an algorithmic computer-based process which verifies and secure the Bitcoin transaction. The Bitcoins are mined by solving complexed mathematical problems. The process is called mining as these Coins are to be extracted from the system for usage. A collective group of the transaction is called a blockchain. They are known as chains as they are secured and built on top of each other by the miners, forming a chain. These blockchains confirm the transaction in the whole network when it has taken place. When a miner solves the puzzles, they are rewarded with a small number of bitcoins. That’s how new coins are introduced in the system.

The Value

With its extremely volatile and unpredictable nature, Bitcoins prices go back and forth in monetary values. These values are decentralized and depend entirely on the users and coin holders. How they respond to these in a span of time will determine their value during that time. There has been an unpredictable rise of up to $1000 and dropping it down to $2 even.

Bitcoins and Bankruptcy

Following the term ‘speculate to accumulate’, there are numerous speculators supporting the cryptocurrency. This digital currency is equally very risky to handle when not dealt carefully and with precautions. In 2014, Mt. Gox had to face serious issues mishandling or possibly theft against these coins worth $450 million. They were forced to file for bankruptcy protection keeping in view the intensity and strength of the damage.

Banning the Bitcoins

With its ability to be decentralized, it has been a concern for the security and political institutions. Challenging their authority and regulations different countries are responding differently regarding its engagement. Being the first in line, Thailand completely banned the currency usage by July 2013. Later the ruling and practice were relaxed keeping in view the devoted interest and attention of the people. China and Japan comparatively have some what proved to be biggest supporters of the currency, followed by the U.S.

Know your Limits

The process of mining is through which coins are awarded and are being introduced in the system. But there is a restricted number of bitcoins to be available ever. There are only 21 million Bitcoins that may exist ever. The production rate by mining is 12.5 today. This production rate is halved every four years to regulate to ensure the sustainability of the value of every Coin. By around 2140, all of these Bitcoins are expected to be mined. Meanwhile, the miners will be awarded by transaction fees for their efforts. On an estimate, 64% of the total mined coins sit uncirculated with the holders, with the optimistic hopes of greater profits.

Wikileaks

One of the most controversial organization, WikiLeaks has shown great dependence on these Bitcoins and other cryptocurrencies lately. Due to the unfavorable response from the other third parties, they started the usage of these secure decentralized futuristic form money for the donation.

SilkRoad

SilkRoad was the very first of its kind platform for the black market. A number of illegal and unauthorized practices were done using Bitcoin. A lot of people were attracted to use this site heavily was due to its anonymity. When the founder Ross William, aka Dread Pirate Roberts was arrested, his estimated was so massive that not all of it was possibly be accounted for.

Bitcoin Beginnings

In 2009, after Satoshi Nakamoto launched Bitcoins, he passed the majority of its control to the scientist Gavin Andreson. According to the scientist, the perfect words he has for Bitcoins is, ‘Better Gold than Gold’. Nakamoto is expected to be in possession of around 1million Bitcoins which means $1.1 billion. The identity of this is still a pseudonym. Other theories suggest that together the companies Samsung, Toshiba, Nakamichi, and Motorola are the founders of this cryptocurrency. but none of the theories has been proven to date.

Did you find apk for android? You can find new Free Android Games and apps.
View: 671

Myth Debunked As Elon Musk Claims He Is Not Satoshi Nakamoto

Want create site? Find Free WordPress Themes and plugins.

On November 26, 2017, a news came out about a former SpaceX employee claiming that Elon Musk was “presumably” Satoshi Nakamoto, the creator of Bitcoin. Bitcoin was established in 2008 and claimed under the pseudonym “Satoshi Nakamoto”, the rumored holder of more than one million Bitcoins.

The secret of Satoshi has been a hotly debated issue in the digital currency world, with entrepreneurs regularly claiming and denying responsibility. Many individuals jumped at the opportunity to get a reaction out of Musk, with very little success on the first day.

In under 48 hours, the news reached Musk, who swung to Twitter to expose the claims in true Musk way:

“Not true. A friend sent me part of a BTC a few years, but I don’t know where it is.”

Image credits: cryptocoinsnews.com

The gossip started from this Medium post from Sahil Gupta, a student at Yale University and former intern at SpaceX. Gupta’s post was widely covered over media, bringing together a blend of supportive and skeptical responses. Normally, the dominant part of reactions was doubtful:

“Obviously, and on the 7th-day Musk rested.” – Phil Thompson

“Musk is a serial self-promoter. Had he come up with anything 1/1000 are groundbreaking we’d have known about it.” – Frayed_Knot

“I will debunk this right now. There is no way Elon Musk is Satoshi. He would never create a currency system that uses so much energy. One bitcoin transaction uses the amount of power an entire home uses in a full week. No way would he impact the environment like this.” – Adam W.

“Yes and no doubt one of his P.R. companies facilitated this article.” – Dave

The last comment can be easily exposed. Yes, Musk is capable of many things, but it is safe to say that he didn’t create Bitcoin.

With Musk’s latest response, the secret of Satoshi lives on and stays to be one of the best mysteries in the crypto world.

 

STORY AND IMAGE CREDITS: CRYPTOCOINSNEWS.COM

Did you find apk for android? You can find new Free Android Games and apps.