PR: Bitcoin.com Pairs up with eGifter to Simplify and Streamline Gift Card Purchases

Bitcoin.com Pairs up with eGifter to Simplify and Streamline Gift Card Purchases

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

eGifter and Bitcoin.com announce partnership that will allow cryptocurrency users to buy gift cards with Bitcoin Cash

Bitcoin Cash (BCH) just became more usable with the launch of a partnership between Bitcoin.com and eGifter, a gift card marketplace offering 300+ top-branded eGift cards to US and global brands. Customers will be able to shop for eGift cards directly from the Bitcoin.com store at launch, and in the coming weeks, straight from the Bitcoin.com wallet.

The partnership between eGifter and Bitcoin.com will allow existing BCH users to use cryptocurrency in a new way. The seamless user experience will give users many new options on how to spend their BCH, buying eGift cards for themselves or giving them as gifts. The choices include premium food, entertainment and retail brands, all with the security and freedom of cryptocurrency.

The solution is an extension of the eGifter Marketplace, where eGifter serves as the merchant of record and provides level-one support for all users. “Bitcoin.com has a large and growing user base, so eGifter is excited about this new partnership as we are always looking for ways to drive more traffic to the eGifter platform, and more business for our brand partners,” said Tyler Roye, eGifter CEO. The eGifter platform is designed to meet all of the brand partners’ requirements, ensuring the consumer is presented with the proper terms, redemption instruction, seasonal faceplates, and both printable and mobile gift certs.

“Creating new ways for our users to spend their Bitcoin Cash on goods and services has been a top priority for us at Bitcoin.com,” says Blake Moore, Bitcoin.com eCommerce Manager. “By partnering with eGifter, we have made 300+ eGift cards from leading brands available to our valued users. Our development team has created some real magic in the wallet integration, where it will be possible to spend your existing Bitcoin Cash balance on eGift cards in just a few clicks.”

The eGifter/Bitcoin.com collaboration is all about streamlining the consumer experience. Users will be able to go into their Bitcoin.com wallet and use the balance to choose from a wide variety of eGift cards. eGift cards from top global retailers, as well as premium region-specific brands and favorite dining spots, can be sent virtually by email or text–or even printed right away at home.

Just as eGifter aims to revolutionize gift cards with easier transactions, a smoother customer experience, and the simplest gifting process possible, BCH is poised to revolutionize the way we think about money. With no network fees and virtually immediate transactions, BCH is a fast, secure form of digital peer-to-peer electronic cash. And with an increasing number of partnerships with innovative brands like eGifter, it can easily be used by anyone, anywhere, across the globe.

About Bitcoin.com:

Bitcoin.com is supercharged to change the world with BCH. Our suite of developer tools has been downloaded 36,000+ times from over 100 countries.

Our team is the heart and soul of the Bitcoin Cash industry. We’re committed to making BCH available to all people, whatever their age, gender, nationality or financial status.

About eGifter:

eGifter, the eGifting Company™, revolutionizes gift giving with a social and mobile gifting platform designed to create a fun experience for consumers, while helping retailers and service providers grow their gifting businesses. To learn more about eGifter and their social, mobile and gifting platform, visit eGifter.com, or download the eGifter Mobile app available for iOS and Android.

Contact Email Address
store@bitcoin.com

Supporting Link
https://giftcards.bitcoin.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards

The Bitcoin.com Store has now partnered with the company Egifter. Thanks to the collaboration, Bitcoin.com Store patrons can purchase an assortment of over 300 top-branded gift cards to stores and restaurants worldwide with bitcoin cash.

Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation

Over 300 Gift Cards for Food, Entertainment, and Top Retail Brands

Last April we re-launched the Bitcoin.com Store, revamping the entire site with the hottest bitcoin merchandise, gear, art, and hardware devices. Ever since, the shop has relentlessly added new items to the store’s vast supply of cryptocurrency-focused products. Now, on Oct. 31, in parallel with the tenth anniversary of Satoshi’s whitepaper, the Bitcoin.com Store has partnered with the gift card service Egifter in order to offer customers a wide variety of gift cards.

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards

The alliance between Bitcoin.com and Egifter will provide the shop’s visitors with the ability to purchase hundreds of gift cards with bitcoin cash. Essentially, the Egifter Marketplace has been tethered to the Bitcoin.com Store user interface and patrons can simply click the ‘gift cards’ section at the top of the screen. From there, the customer can choose from the assortment of cards and fund them with a specified amount of money. For instance, a customer could choose to purchase a Best Buy gift card in increments of between $5-$2,000. Gift cards available at the shop include popular places like Applebees, American Eagle, Dunkin Donuts, HBO Now, Macy’s, Nike, Nordstrom, Uber, Panera Bread, Domino’s and many more brands.

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards
There’s a wide variety of gift cards to choose from at the Bitcoin.com Store.

After choosing a card and a desired amount of funds, the customer can simply choose another gift card to purchase or checkout. At the checkout section, the Bitcoin.com Store uses Bitpay as a payment processor so the item needs to be purchased with a Bitpay Payment Protocol compatible wallet. Following the purchase, the customer will get a virtual gift card that can be redeemed for food, entertainment and hundreds of retail brands.

Spreading Bitcoin Cash Adoption One Step at a Time

Blake Moore, Bitcoin.com’s ecommerce manager, explained that the partnership with Egifter gives bitcoin cash proponents a new method to spend their coins by adding more merchant accessibility. “Well over 300 cards from the world’s top brands are now available to our valued users which adds a great deal of accessibility,” Moore emphasized.

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards
The Bitcoin.com Store also has a large assortment of Bitcoin swag that can be purchased alongside the newly added gift cards.

Gift cards are available for purchase today and customers can choose from a range of categories such as food and restaurants, music, movies, entertainment, electronics, sports, travel, and more groups of well-known products and services. Bitcoin.com Store patrons will still be able to purchase hardware wallets, BCH swag, t-shirts, and more gear alongside the awesome redeemable gift cards.

Bitcoin.com is a one-stop destination for all things Bitcoin. Providing our visitors with the ability to spend their BCH on gift cards accepted worldwide is just another example of the many steps our site is taking towards spreading bitcoin cash adoption.

What do you think about the Bitcoin.com Store collaboration with Egifter? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Bitcoin.com Store, Egifter, and Pixabay.


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Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank

A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Court Sided With Crypto Exchange

Korean Court Rules in Favor of Cryptocurrency Exchange Against BankThe 50th Civil Affairs Division of the Seoul Central District Court has ruled in favor of cryptocurrency exchange Coinis against Nonghyup Bank, local media reported.

The exchange filed a complaint with the court seeking to prohibit the bank from suspending its transactions after deposits to its account were blocked by the bank last month. Nonghyup Bank cited the Virtual Currency Anti-Money Laundering (AML) Guidelines set by the country’s Financial Services Commission (FSC) as its reason.

The court ruled on Monday that it is illegal for the bank to suspend the exchange’s transactions based solely on the FSC guidelines and moved to dismiss the suspension. Zdnet elaborated:

It is the first time that a cryptocurrency exchange has responded to bank suspension measures and has taken legal action.

Korean Court Rules in Favor of Cryptocurrency Exchange Against BankKim Tae-lim, a lawyer connected to the case, explained that Nonghyup Bank breached the contract with Coinis since the exchange “has the right to freely deposit and withdraw money in the account in accordance with the deposit agreement entered into between the bank and the exchange,” the Digital Daily detailed. Kim was further quoted by the publication:

This case is significant in that it is a decision to point out that indiscriminate regulation against a virtual currency exchange should be avoided in the absence of legal grounds.

Bank Losing Ground

The South Korean government introduced the real-name system for crypto exchanges in January with the aim to convert all accounts at crypto exchanges into real-name-verified ones. This system is part of the regulators’ anti-money laundering measures.

Korean Court Rules in Favor of Cryptocurrency Exchange Against BankHowever, only four exchanges in the country are using the system: Bithumb, Upbit, Coinone, and Korbit. Banks have refused to provide the real-name conversion service to the rest of the exchanges. Coinis, therefore, continued to use its corporate account to accept customer funds. Banks claim that crypto exchanges that are not using real-name accounts are at high risk of money laundering.

Nonghyup Bank is currently providing the real-name conversion service for Bithumb and Coinone. In August, Bithumb suspended opening new virtual accounts due to a disagreement with the bank. In September, both Bithumb and Coinone announced that they were terminating fiat withdrawals for unverified crypto traders as requested by Nonghyup Bank.

Money Today elaborated:

The bank has been using the [AML] guidelines for ‘closing the transaction’ to pressure virtual currency trading sites for investor protection measures and anti-money laundering schemes and to encourage them to use real name verified accounts.

The news outlet noted that previously crypto exchanges have had to comply with the bank’s requests, adding that Coinis’ victory is likely to remove some pressure from exchanges.

What do you think of the court ruling in favor of a crypto exchange against a bank? Let us know in the comments section below.


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Bitcoin History Part 1: In the Beginning

Bitcoin History Part 1: In the Beginning

With today marking the tenth anniversary of the Bitcoin whitepaper, the web is predictably thick with op-eds, retrospectives and thought pieces. While Oct. 31, 2008 is hailed as a pivotal moment in monetary history, at the time, few noticed the publication of the Bitcoin whitepaper to a cryptography mailing list. Like all revolutions, this one would take time to germinate.

Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation

From Tiny Acorns Mighty Oaks Grow

It’s hard to place a finger on the moment when Bitcoin transitioned from an idea into a movement. Was it when Satoshi Nakamoto mined the genesis block on Jan. 3, 2009? Or when he sent the first transaction to Hal Finney a few days later? Or did it occur imperceptibly over the course of that year, as the conversation moved from the mailing list, where it had begun, to Sourceforge, where the first Bitcoin forum was established?

That’s one for the armchair pundits to ponder. What is beyond dispute is that by Nov. 22 2009, when Satoshi welcomed members to the new Bitcoin forum, hosted at bitcointalk.org, his idea had taken root and there was now a small band of believers helping to till the soil. “Hello Satoshi, all forum members and Bitcoin users!,” read the first reply to Satoshi’s maiden Bitcointalk post. “Thank you for developing Bitcoin. A P2P anonymous digital currency / eCurrency is long overdue. I’m very impressed and this project has great potential.”

Bitcoin History Part 1: In the Beginning

It All Could Have Been so Different

When writing history, it’s easy to assign inevitability to events; to assume that things happened a certain way because that’s just how they were destined to occur. The truth is that Bitcoin, like all seismic movements, was not preordained to play out as it did. Were it not for the tenacity of those ultra-early adopters, who kept Satoshi’s brainchild alive through its weakest hours, coupled with serendipity and reinforcement by geopolitical events, Bitcoin may have never gotten off the ground. Its survival and present-day robustness can be attributed to the power of Satoshi’s idea coupled with the efforts of the hobbyists who worked late into the night to patch critical bugs and nurse Bitcoin until the nascent network was strong enough to survive.

Bitcoin History Part 1: In the Beginning

In Bitcoin History, starting today, news.Bitcoin.com will chronicle a series of mini-episodes from the cryptocurrency’s early years, with a focus on the events that began life, like so much of Bitcoin’s history, on the forum Satoshi started. While Bitcointalk wasn’t the sole repository of seminal ideas, it formed a hub, in the pre-Medium and early Twitter days, where key contributors convened to share ideas. Back then, as today, there was plenty of arguing, but less tribalism and virtue signalling. With no land to fight over, the first task for Bitcoin’s maiden users was to build a world by which the ideas contained within the whitepaper could be realized.

“One immediate problem with any new currency,” mused Hal Finney, on Jan. 11, 2009, “is how to value it. Even ignoring the practical problem that virtually no one will accept it at first, there is still a difficulty in coming up with a reasonable argument in favor of a particular non-zero value for the coins.” He concluded:

As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world … the possibility of generating coins today with a few cents of compute time may be quite a good bet, with a payoff of something like 100 million to 1! Even if the odds of Bitcoin succeeding to this degree are slim, are they really 100 million to one against? Something to think about…

Do you think Bitcoin was destined to survive, or did luck and perseverance play a part in its early days? Let us know in the comments section below.


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Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex International

Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex International

In cryptocurrency exchange news, Binance’s native coin has listed on Etoro, Bittrex has announced the upcoming launch of its Malta-based international exchange, and Chris Lee of Huobi has predicted that security token offerings will become a mainstream form of fundraising within five years.

Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business

BNB Lists on Etoro in First Listing Outside of Binance

Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex InternationalBinancecoin (BNB) has been listed on Etoro, bringing the number of cryptocurrencies supported by the platform to 13. The listing comprises the first instance in which the altcoin has been listed on an exchange other than Binance.

The chief executive officer and co-founder of Etoro, Yoni Assia, stated: “Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response, we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.”

Binance Freezes Funds From Wex Worth $18.5 Million

Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex InternationalIt has been revealed that on Oct. 25 Binance froze more than 93,000 ETH that had been transferred from the embattled Wex exchange, valued at $18.5 million.

In response to a post on Twitter emphasizing the movement of funds from Wex to Binance dating back to August, Changpeng Zhao, the chief executive officer of Binance, tweeted: “The identified accounts are frozen, please report to law enforcement and have a case number. We will work with [law enforcement]. This is part of centralization we hate too, dealing with other exchange’s mess (we don’t even know the details). But we will do what we can.”

Users of Wex appear to have been unable to withdraw fiat or cryptocurrencies from the exchange for more than three months, with recent reports claiming that 35 complaints have been filed against Wex with the Russian Interior Ministry.

Bittrex Announces Upcoming Launch of Bittrex International

Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex InternationalBittrex has announced that it will launch Bittrex International, formerly branded as Bittrex Malta.

The exchange will seek to target users based outside of the United States, with Bittrex also promising “a streamlined token approval process” designed to facilitate the onboarding of new markets in “weeks instead of months.” The launch of the new exchange will also see a “European-based Bittrex affiliate” listing particular tokens that are available on the Bittrex International platform and not the US-regulated Bittrex exchange.

If tokens are approved through Bittrex’s “standard initial review process,” prospective projects will be “directed to follow the process outlined in the Malta Virtual Financial Assets Act.”

Huobi’s Chris Lee Predicts STOs Will Become Mainstream in 3-4 Years

Exchanges Roundup: BNB on Etoro, Binance Freezes Wex Funds, Bittrex InternationalChris Lee, the former chief executive officer of Okex and the current board secretary and vice president of global business development for Huobi, has stated his expectation that security token offerings (STOs) will become a “mainstream fundraising method” in approximately three to four years.

Speaking to Huoxun Finance, Lee added: “Time will prove everything, [STOs are] indeed a big opportunity, as I believe asset-backed tokenization, which is the digital assets backed by physical assets, have the potential to drive the entire crypto industry to a higher level. There will be a place for STO in Hong Kong’s capital market one day.”

What is your response to Binance’s freezing of 93,000 ETH associated with Wex exchange? Share your thoughts in the comments section below!


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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts

Brazilian Cryptocurrency Exchange Wins Court Challenge as Banks Reopen Accounts to Avoid Penalties

A Brazilian court has ordered the reopening of cryptocurrency exchange Bitcoin Max’s bank accounts, which were closed without explanation by Banco do Brasil and Banco Santander in September. The two banks have reportedly reactivated the accounts to avoid paying fines.

Also Read: Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Threat of Fine Forces Banco Do Brasil and Banco Santander to Reactivate Exchange’s Accounts

According to local news site Portal do Bitcoin, Brazil’s Federal District Court promised to slap Santander with a fine of 5,000 real ($1,350) and Banco do Brasil with 20,000 real ($5,400) should both fail to comply with the preliminary judgement. Leonardo Ranna, a lawyer representing Bitcoin Max, said that all of the exchange’s accounts “have been restored, including those of exchange partners.”

Brazilian Banks Ordered to Reopen Cryptocurrency Exchange's Frozen Accounts

In September, the Administrative Council for Economic Defense (CADE), a transparency and competition body, started to investigate six of Brazil’s biggest banks after they closed accounts belonging to digital currency exchanges without explanation and refused to discuss the decision. The probe centred around allegations of “monopolistic practices … that could be limiting the action of brokers” within the cryptocurrency industry.

Results of the investigation are not yet known. The ruling against Banco Santander may only be temporary, however. The bank only complied on account of a “kind of injunction” that compelled it to reopen Bitcoin Max’s accounts within five days, Portal do Bitcoin reported. The injunction had been previously denied by a judge at a lower court, forcing the exchange’s lawyers to appeal to the Federal District Court.

The latest ruling by Ana Catarino, a judge with the higher court, was based on Banco Santander’s unilateral decision to close the exchange’s accounts without explanation, something that the court described as “abusive conduct that is prohibited by consumer protection rules.”

Brazilian Banks Ordered to Reopen Cryptocurrency Exchange's Frozen Accounts

When Banco do Brasil shut down Bitcoin Max’s account, about $32,400 of the exchange’s money was stored in it. The exchange filed a lawsuit against the bank on Sept. 12. An injunction was turned down initially but a Federal District Court judge later gave the bank a 24-hour ultimatum to reactivate Bitcoin Max’s accounts or face a fine of about $540 a day.

Arbitrary Bank Account Closures

Adriano Zanella, chief executive officer of Bitcoin Max, said they were never made aware of the account closures and that he learned of the blockage via the manager of an agency. During the investigation by CADE, the transparency body accused major banks of “imposing restrictions or even prohibiting access to the financial system by cryptocurrency brokerages.” The banks denied the charge, saying accounts were closed as a security measure to prevent money laundering. Some of the banks under investigation include Banco Santander Brasil SA, Banco Bradesco SA, Banco do Brasil SA, Itau Unibanco Holding SA and Banco Inter and Sicredi.

Brazilian Banks Ordered to Reopen Cryptocurrency Exchange's Frozen Accounts

Brazil is a hive of cryptocurrency activity in Latin America. The number of people trading bitcoin and other cryptocurrencies has soared from less than 100,000 two years ago to about 1.4 million today. More than $2.4 billion worth of BTC was traded in the country last year, up from just $160 million in 2016.

In January, Brazil’s Securities and Exchange Commission stopped local investment funds from buying digital coins because “cryptocurrencies cannot be qualified financial assets.” The commission, however, made a U-turn immediately after, allowing for indirect ownership, meaning Brazilians could buy into crypto-related investment funds. Even politicians in the country are talking about bitcoin; a candidate in the recent presidential election campaigned for formally legalizing bitcoin.

What do you think about the relationship between virtual currency exchanges and legacy financial institutions? Let us know in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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October Volume Report: Weakest Monthly Trading Activity of 2018

October Volume Report: Weakest Monthly Trade Activity of 2018

On the eve of the 10th anniversary of the initial publication of the Bitcoin whitepaper, the cryptocurrency markets recorded their weakest month for trading volume in all of 2018. Most of the leading markets saw a significant decline in trading activity throughout October, but NEO, TRX, QTUM and ZEC posted month-over-month volume increases.

Also Read: Venezuela Begins Public Sale of National Cryptocurrency Petro

BTC, USDT, ETH and EOS Hit
Lowest Points of the Year

October Volume Report: Weakest Monthly Trading Activity of 2018In the last 30 days, approximately $109.5 billion worth of BTC has changed hands, resulting in an 11.9 percent decline in trading activity from $124.3 billion in September — the weakest monthly volume posted in 2018 thus far. The drop in BTC trading activity coincided with a similar plunge in USDT trading volume. Despite fears of a widespread USDT “untethering,” as well as the eradication of 30 percent of Tether’s circulating supply, the trading volume of USDT fell by just 12.6 percent, from $86.5 billion in September to $69.5 billion.

October saw $41.2 billion in trade for ETH pairings, down 30 percent from the $53.8 billion recorded in the preceding month. EOS, meanwhile, returned to its position as the fourth most-traded cryptocurrency, with a 30-day trade volume of $13.94 billion — down 30 percent from $20 billion in September.

XRP and LTC Hit Second-Strongest Levels Since May

October Volume Report: Weakest Monthly Trading Activity of 2018XRP has held its top-five volume ranking for the second consecutive month, despite seeing a 45 percent reduction in trading activity. October saw $13.6 billion in trade across XRP pairings, down from $24.7 billion in September.

BCH was the sixth most-traded cryptocurrency in October, hitting $9.5 billion in trade volume over the past 30 days. BCH saw a 26 percent reduction in trading volume, down from $12.9 billion in the preceding month.

LTC ranked as the seventh most-traded cryptocurrency for the third consecutive month. About $9.14 billion of LTC changed hands in October, down 4.8 percent from $9.6 billion in September.

DASH posted a 30-day trade volume of 5.16 billion, settling at eighth place for the second consecutive month. Trading of the currency fell 20.6 percent from $6.5 billion in September.

NEO Breaks Into Top 10

NEO saw a massive 76.25 percent increase in trade volume in October, to rank ninth for the month. Approximately $4.6 billion worth of the currency has changed hands in the past 30 days, up from $2.61 billion in September.

ETC fell one position to rank 10th on the list of the most-traded cryptocurrencies in October. It hit a 30-day trading volume of $4.2 billion for the month, down 17.65 percent from $5.1 billion in September.

TRON, QTUM, and ZEC Post Modest Volume Gains

October Volume Report: Weakest Monthly Trading Activity of 2018TRX hit $3.67 billion in trade volume this past month, up 4.25 percent over the preceding month’s 3.52 billion. TRX was the 11th most-traded cryptocurrency in October, moving up one rank from September.

CKUSD posted a 16.5 percent drop in trading volume at $3.4 billion, down from $4.07 billion in September. CKUSD ranked 12th for the month, sliding two positions from the preceding four-week period.

Despite recording a slight 2.5 percent increase in 30-day trade volume, QTUM fell two places to 13th on the list of the most-traded cryptocurrencies in October. About $3.73 billion worth of the currency traded hands for the month, up from $3.64 billion in September.

Trading of ZEC fell 4.16 percent month over month to $3.5 billion. Despite rising slightly by volume from $3.36 billion in September, the currency slid one place to rank as the 14th most-traded cryptocurrency in October.

BIX climbed two places to rank as the 15th most-traded cryptocurrency over the past 30 days. The currency posted a monthly trading volume of $1.42 billion, down nearly 30 percent from $2.02 billion in September.

Stellar recorded a monthly volume of $1.33 billion, sliding one position to rank as the 16th most-traded cryptocurrency for October, following three consecutive weeks during which it ranked 15th. Trading of Stellar fell 42.17 percent by volume from $2.3 billion in September.

New Entrants in Top 20

October Volume Report: Weakest Monthly Trading Activity of 2018The declining trading volume across many leading markets saw several cryptocurrencies sneak into the top 20 rankings for the first time in recent months. ZB, for example, ranked 17th with a 30-day trade volume of $1.16 billion, following by XIN at $988 million.

BTM ranked 19th for the second consecutive month, with $920.8 million traded, despite falling 31.3 percent by volume, from $1.34 billion in September.

BNB, meanwhile, settled at 20th place in October, with $853.6 million worth of the currency changing hands over the last 30 days.

Do you think that the 10th anniversary of the Bitcoin whitepaper will drive greater trading volume across the cryptocurrency markets? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post October Volume Report: Weakest Monthly Trading Activity of 2018 appeared first on Bitcoin News.

CMC Markets Adds Bitcoin Cash to Cryptocurrency Offering

CMC Markets Adds Bitcoin Cash to Cryptocurrency Offering

CMC Markets, a U.K.-headquartered financial derivatives brokerage with shares listed on the London Stock Exchange, revealed on Tuesday that it has expanded its cryptocurrency offering to include bitcoin cash (BCH), as well as litecoin (LTC) and ripple (XRP).

Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages

CMC Markets Responds to Demand

CMC Markets Adds Bitcoin Cash to Cryptocurrency OfferingThe roughly 60,000 clients that CMC Markets serves around the world can now start taking positions on the three additional cryptocurrencies paired against the U.S. dollar. The move follows the brokerage’s extension of its cryptocurrency offering from professional to retail clients in July. At launch, the trading platform only offered bitcoin core (BTC) and ethereum (ETH).

“Since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum,” explained David Fineberg, group commercial director at CMC Markets. “We are pleased to offer them the chance to take a position on bitcoin cash, litecoin and ripple, three altcoins which continue to generate much speculation among traders.”

Research Before You Start Trading CFDs

CMC Markets Adds Bitcoin Cash to Cryptocurrency OfferingForex, spread betting and contracts for difference (CFDs) brokerages have been very eager to add cryptocurrency-based instruments in recent years, as the volatility lured their day-trader clients away to crypto exchanges. However, concerns about alerting regulators prevented some of the more established players from doing so as quickly as they could have. Only this week it was revealed that the U.K. government is now considering a ban on crypto derivatives.

CMC Markets cautiously entered the cryptocurrency CFDs race only after rivals such as Admiral Markets, Gain Capital’s City Index, Plus500 Ltd., and IG Group Holdings Plc. had already established operations in the space.

“Spread bets and CFDs offer a way to trade on cryptocurrencies as clients can take a position on market movements without owning the asset. By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange,” said Fineberg. “However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.”

Is trading CFDs a good way to get exposure to bitcoin cash? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, CMC Markets.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money

Ten Years Ago The White Paper Changed the Way We Look at Money

On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of electronic cash.

Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation

The Bitcoin Whitepaper:
Eight Pages of Pure Innovation

The Bitcoin whitepaper is an essential read for anyone who wants to understand the innovation behind the first cryptocurrency network to be powered by a secure proof-of-work (PoW) system. There is nothing quite like Satoshi’s whitepaper or the Bitcoin network itself, even though a myriad of similar protocols and whitepapers have popped up over the past decade. Rather than having a centralized third party, Satoshi’s paper describes a “system based on cryptographic proof instead of trust.”

“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution,” he said to anyone who would listen on a cryptography mailing list.

Staving Off the Byzantine General

However, unlike the droves of theoretical papers written about online currencies before Bitcoin, the original whitepaper captured the essence of the entire network, well before it launched on Jan. 3, 2009. Since then we have seen this grand digital asset experiment play out, as the technology has gained value and mainstream attention over the years.

Ten Years Ago Today, the White Paper Changed the Way We Look at Money

We’ve seen the power of Nakamoto consensus create a computational system that has shielded any attempts at a “Byzantine Generals’ attack” for 10 years. “The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work,” Satoshi said in the renowned document.

He also reassured the reader by stating:       

The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.

The Bitcoin whitepaper has since changed the lives of many people. For the first time, internet-based commerce did not have to rely on financial institutions to process electronic payments. Many bitcoiners will tell you it’s been a long run, with many market fiascos and interesting developments along the way. But even after 10 years, they will also assure you that we are still at the beginning of the financial revolution ignited by the technology we all love.

Ten Years Ago Today, the White Paper Changed the Way We Look at Money
The first encounter with Satoshi 10 years ago on Oct.31, 2008. 

Birth of a Network

Despite the warnings of financial bigwigs like Warren Buffet over the years, as well as countless horrible economists, Bitcoin is definitely still alive and well. For example, Alejandro de la Torres, the vice president of business operations at BTC.com, holds a very different opinion about the technology than the likes of traditional bankers such as Jamie Dimon. The BTC.com executive believes that Satoshi’s protocol is one of the most revolutionary computational consensus models that society has seen to date.   

“Bitcoin’s PoW algorithm has proven to be the most successful consensus model, and I believe it is the best way forward for decentralized consensus systems. It provides a strong economic incentive for miners, while automatically adjusting difficulty to maintain long-term mining incentives,” he recently explained to news.Bitcoin.com.

Ten Years Ago Today, the White Paper Changed the Way We Look at Money

After 10 years, the whitepaper has shown us that the protocol is robust and the system continues to grow stronger as each day passes. Seven days after publishing the whitepaper, Satoshi said society “would not find a solution to political problems in cryptography.” However, that week the creator did stress on the cryptography mailing that Bitcoin could still win a “major battle,” while gaining a “new territory of freedom for several years.”

Bitcoin.com keeps an archived version of the Satoshi Nakamoto whitepaper here.

What do you think about the Bitcoin whitepaper? How did you feel when you read Satoshi’s words for the first time? Let us know what you think about this subject in the comments sections below. 


Images via Shutterstock, Jamie Redman, and Pixabay.


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PR: aXpire Acquires BlockchainWarehouse (BCW)

aXpire Acquires BlockchainWarehouse (BCW)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

aXpire Acquires BlockchainWarehouse (BCW)

aXpire, a leading blockchain fund solutions company, has announced the acquisition of BlockchainWarehouse (BCW), a blockchain accelerator and leading token sale product developer. aXpire has made the acquisition to bolster the strength of its in-house blockchain talent and add a new product offering to its technology suite. BlockchainWarehouse offers a crypto-to-crypto gateway that aXpire has rebranded as “CoinBX” (pronounced “coinbox” or “coinbox blockchain exchange”), which will allow aXpire to offer AXPR purchases directly through its web applications, Resolvr and MatchBX. Clients will be able to buy AXPR with Bitcoin, Bitcoin Cash and Ether through a simple button on each product. This AXPR will be made available from existing tokens sold through exchanges.

CoinBX is another spoke in the “hub and spoke” Enterprise Resource Planning (ERP) software suite that aXpire is building out to make blockchain solutions a reality for businesses looking to become more profitable. CoinBX was originally used as a token sale platform, which aXpire will maintain, but will now also offer a discount or bonus to those using AXPR on the platform. In addition, the platform will be expanded into a crypto-to-crypto gateway, with part of the platform license fees payable in AXPR and burned. This new product means aXpire will be able to offer “Buy AXPR” buttons on its software, which will reduce the friction required for businesses and other customers to buy AXPR. This software represents the first aXpire venture into payments, and will serve as another building block in an ecosystem intended to encourage businesses to adopt blockchain.

The acquisition will also transfer all of BlockchainWarehouse’s clients to aXpire, allowing aXpire to create blockchain funds to share with its institutional investor database. These funds will utilize aXpire’s Resolvr software, and will allow investors a way to buy a diverse basket of blockchain projects with AXPR or fiat. Both methods of buying blockchain funds would end up utilizing AXPR and would provide another use case for the token.

Contact Email Address
info@axpire.com

Supporting Link
http://www.axpire.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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