Jump to content
  • Announcements

    • Jae Adams


      ATTENTION:  Do not update your Roku to version 8.1   Roku is pushing out another update to block 3rd Party Channels in it's continuing effort to control what you watch.  Allowing the upgrade will break the Dev Fix.  It is suggested that you switch to an Android device.    
    • Jae Adams

      No ... Your Sports Section Is Not Missing   02/10/2018

      In the main menu instead of LIVE TV there is now a SPORTS link....

Jae Adams

  • Content count

  • Joined

  • Last visited

  • Days Won


Jae Adams last won the day on December 5 2017

Jae Adams had the most liked content!

Community Reputation

5 Neutral


Recent Profile Visitors

1,028 profile views
  1. This week the U.S. Treasury Department issued guidelines on how the Office of Foreign Assets Control (OFAC) could add cryptocurrency addresses to the country’s sanction list. Also read: New Tools Help Crypto Traders Make Smarter Decisions Cryptocurrency Addresses to be Added to the U.S. Sanctions List The U.S. government may soon have the ability to add cryptocurrency addresses to the Specially Designated Nationals (SDN) List. Coincidently the oversight advice happened on the same day President Trump signed an executive order banning the Venezuelan petro (PTR). The petro is mentioned among a variety of digital assets including BTC, ETH, LTC, NEO, XMR, and XRP. The Treasury calls a cryptocurrency wallet “a software application (or other mechanisms) that provides a means for holding, storing, and transferring digital currency.” The report also describes a virtual currency and an address: A [Digital Currency Address] is an alphanumeric identifier that represents a potential destination for a digital currency transfer. OFAC May “Alert the Public” About Suspect Digital Currency Identifiers Additionally, the agency issued guidance to those who have identified SDN owned wallets and addresses and ask them to report the news to OFAC immediately. Further, the Treasury says that the market itself, businesses, and cryptocurrency exchanges should work together to keep an eye on suspect addresses that might be on the SDN list. “The digital currency address field on the SDN List provides the unique alphanumeric identifiers (up to 256 characters) for digital currency addresses and identifies the digital currency to which the address corresponds,” explains the OFAC report. OFAC will use sanctions in the fight against criminal and other malicious actors abusing digital currencies and emerging payment systems as a complement to existing tools, including diplomatic outreach and law enforcement authorities — To strengthen our efforts to combat the illicit use of digital currency transactions under our existing authorities, OFAC may include as identifiers on the SDN List specific digital currency addresses associated with blocked persons. The Treasury’s OFAC guidance does not go into great detail on how they will block these wallets and addresses or enforce the sanctions. According to the report, OFAC may “alert the public” about suspect digital currency identifiers. What do you think about the Treasury adding cryptocurrency wallets to the SDN list? Let us know in the comments below. Images via Shutterstock, OFAC, Pixabay At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post U.S. Treasury Plans to Add Cryptocurrency Addresses to the SDN List appeared first on Bitcoin News. View the full article
  2. The NEM Foundation has announced it will no longer track cryptos stolen from the Japanese exchange Coincheck. The Singapore-based organization said it had provided law-enforcement agencies with information from its investigations. It did not explain its decision to end the tracking efforts. According to some estimates, half of the NEM coins that disappeared in the hack have been laundered on the darknet. Also read: Coincheck Drops Anonymous Monero, Dash, Zcash Tracking Provided “Actionable” Data The NEM.io Foundation, created to promote the NEM cryptocurrency (XEM), has stopped tracking the coins stolen in the Coincheck hack. The Japanese exchange lost some ¥58 billion worth of NEM (~$550 million USD) in January, when it was attacked by hackers. The Singapore-based foundation developed a special technology to identify the accounts the cryptocurrency was sent to. On Tuesday, the NEM foundation said its efforts have provided some “actionable information” to law-enforcement authorities, the Japan News reported. However, the organization did not reveal any more details about the reasons behind its decision to stop further tracking. Recent reports suggest that a lot if the missing XEM cryptos are probably lost forever. A cybersecurity expert told the Japan Times the hackers may have converted up to half of the snatched coins into other cryptocurrency or even fiat money. Masanori Kusunoki, Chief Technology Officer at Japan Digital Design, claims they have been laundered through a website existing on the darknet. Kusunoki also thinks the site is still being used to process transactions. He believes it’s getting harder to trace these transfers and track the stolen coins. A week after the hack the NEM Foundation said no attempts had been made to trade the cryptos on other exchanges. In Recovery Mode For weeks, Coincheck has been trying to recover from one of the biggest hacker attacks. The Japanese exchange has already refunded ¥46.6 billion ($440 million) to compensate about 260,000 of its customers who lost NEM funds. It has also prepared a set of measures to improve its security, informing authorities about its plans in that direction. The trading platform filed an application with Japan’s Financial Services Agency (FSA) in September to register under the revised legislation regulating payment services in the country. Its registration has been postponed by the attack in January, but also by Coincheck’s policies allowing customers to remain anonymous. Japanese media reported this week that the exchange was expected to discontinue support for three cryptocurrencies providing high levels of anonymity – Monero, Dash and Zcash. According to Japan Times, the exchange has recognized the risks posed by these cryptos that can potentially facilitate money laundering. Identifying the recipients of funds transferred on their blockchains is proving impossible. Coincheck resumed trading on Monday. Customers cannot purchase XMR, ZEC, and DASH, but the platform may offer them to sell their coins at a fixed rate. Do you think the stolen NEM coins will be found and returned? Share your expectations in the comments section below. Images courtesy of Shutterstock. Want to create your own secure cold storage paper wallet? Check our tools section. The post NEM Foundation Stops Tracking Coins Stolen from Coincheck appeared first on Bitcoin News. View the full article
  3. It appears that China’s stock exchanges are seeking to prevent companies from issuing misleading information in order to drive hype around blockchain technology – potentially influencing their share price. Also Read: China’s First Central Bank Governor in 15 Years Likes Bitcoin Blockchain Mania Sweeps China’s Stock Exchanges China’s Shenzhen Exchange has announced its intention to crack down on businesses misleading investors by seeking to associate themselves with so called “distributed ledger technology”, or “blockchain”. The crackdown appears to comprise a response to Zheijiang Enjoyor Electronics Co. Ltd’s recent spike in share price that followed a blockchain-related announcement on Wechat approximately one week ago. The announcement claimed that an affiliate company of Enjoyor Electronics had entered into a partnership with a forensic sciences center based in Zhengjiang which will see the launch of what the company described as the world’s first blockchain-based electrical data forensic certificate. The announcement triggered an immediate spike in the price of Enjoyor Electronics’ stock – reaching its 10% trading limit. Upon Shenzhen Exchange’s insistence that the company divulge further details pertaining to the partnership – such as when the investment in the affiliate company was made, the number of shares owned by Enjoyor Electronics, the financial figures of said business, and evidence of the purported blockchain-based forensic procedure – Enjoyor Electronics deleted the Wechat announcement. Shenzhen Exchange to Monitor Companies Claiming Blockchain Affiliation In recent months, an increasing number of businesses have driven spikes in their share price by cashing in on the hype surrounding blockchain and cryptocurrency technology. In December 2017, for example, a small U.S beverage company saw its share price increase by over 400% after changing its name from Long Island Iced Tea Corp, to Long Blockchain Corporation. In a similar incident, Hong Kong-based Skypeople Fruit Juice appeared to double their share value by renaming to Future Fintech. The trend of making dubious claims of embracing blockchain innovation to boost stock prices appears to have begun to take off in mainland China. According to China Money Network, “More than 20 listed companies have been questioned by the Shenzhen and Shanghai exchanges about their suspicious speculation on blockchain.” Shenzhen Exchange has stated that it “will closely monitor relative companies’ disclosure and their stocks in the secondary market. Companies that use blockchain to speculate and mislead investors will receive disciplinary punishment, and severe violations will be reported to the China Securities Regulatory Commission.” Following the Shenzhen Exchange’s announcement, Shanghai Exchange followed suit, announcing that 20 companies listed on its exchange appear to be speculating on blockchain technology. Shanghai Exchange has stated that in several instances it has imposed trading halts and requested businesses to divulge information regarding ties to the blockchain industry from several. Do you think that China’s stock exchanges will be successful in cracking down on false claims of blockchain affiliations being made by listed companies? Share your thoughts in the comments section below! Images courtesy of Shutterstock Want to create your own secure cold storage paper wallet? Check our tools section. The post Chinese Stock Exchanges Crack Down on Companies Falsely Claiming “Blockchain” appeared first on Bitcoin News. View the full article
  4. Last week the file sharing Bittorrent client that pays users for seeding and sharing bandwidth, Joystream, announced launching on the bitcoin cash (BCH) network. We decided to give the platform a test drive to show how to use the application that offers BCH incentives. Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia Joystream and Bitcoin Cash Mainnet Joystream is a peer-to-peer application that uses bitcoin cash as an incentive for Bittorrent users that compensate each other for content within a distributed network. Originally the team started off with an attempt to use the bitcoin core (BTC) network but fees and transaction confirmation times became unreliable. On March 20 the application has launched on the Bitcoin Cash mainnet and is available for download in Mac, Windows, and Linux operating systems (OS). Experimenting With Joystream Joystream & Bitcoin CashAfter downloading the appropriate platform for your OS and opening the software, users are greeted with a “terms of use” page, which asks the user to accept full responsibility when using the Joystream software. This would likely be due to seeders sharing copyrighted materials as there is no discretion to what you can or cannot download and upload. The platform also has an onboarding BCH faucet for users to test out the clients’ features and services. When I first opened the Joystream user interface, the faucet gave me $0.30 cents worth of BCH for purchasing files on the platform. The interface is basically the same as any torrent engine that allows seeding and downloading all types of content. The difference is that you get a bitcoin cash wallet, and can earn small fractions of BCH by seeding material. You can also charge a fee for sharing rare material or other types of popular content. To start the experiment, Joystream gives you around five free torrent files so you can start downloading and seeding once the file is finished. There is also an upload section where a user can drag a downloaded torrent file or upload via a mirror. The free content Joystream provides for testing. I decided to go to my favorite torrent site and tapped a free ‘Kung-Fu Training Guide’ mirror. As soon as I did my computer asked me if I wanted to utilize Joystream for the upload process. Joystream works with torrent mirrors, and the application will open as soon as you authorize it.I initiated the process, and the upload began just like any other torrent engine. It shows the number of seeders and sellers in the download section and the revenue and the number of buyers in the upload section. If I wanted to sell the ‘Kung-Fu Training Guide’ book I could set any price I desired for seeding it to my peers. It’s likely that better content, or some exclusive material could be more valuable to Joystream users. Joystream’s UI shows the user’s BCH balance, downloads, uploads, and the torrents being downloaded, seeded, paused, deleted and more. A Few Features to Wait for in the Next Version Release So far there is not much content on the platform, but it’s evident Joystream users are experimenting with the protocol from the discussions within the community Telegram and Slack channels. The BCH faucet and free content in the beginning, however, is more than enough for users to learn how to tinker with the application, and torrent savvy users will have no issues. The Joystream BCH wallet can send and receive and also shows prior transactions.At the time of publication, there are three sections which are unavailable at the moment which include the ‘new content tab, the publishing tab, and the live streaming tab’ which can be used to stream content like music and movies. These three features will be launched in the next release, the developers explain. Overall the platform was straightforward and operated much like the Utorrent, Vuze, and Limewire software. Being the first day and the initial version release it should be expected that the content is lacking. The next hurdle for the team will likely be launching the following version with the rest of the features, and hoping the concept of rewarding seeders with crypto catches people’s attention. What do you think about the Joystream app? Do you think an idea like this will catch on with seeders and those who use torrent software? Let us know what you think in the comments below. Images via Shutterstock, and Joystream. Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com. The post Joystream Test Drive — How To Get Paid Bitcoin Seeding Bittorrent Files appeared first on Bitcoin News. View the full article
  5. Coinbase is removing its support for an advanced security feature that it was not advantageous for the company to maintain. Multisig vaults were originally introduced as a way for customers to manage their private keys and control their own security while still using the same Coinbase interface. Also Read: Survey Says 8% of the American Population Now Own Cryptocurrency No More Coinbase Multisig Vaults San Francisco-based cryptocurrency exchange Coinbase has announced it will be winding down its support for existing multisig vaults (meaning accounts that require multiple signature to access) on the platform. The last day of support will be on April 19, 2018. The company already disabled the creation of any new multisig vaults, citing customer feedback and low popularity and usage. Coinbase also explained that as bitcoin forks become more frequent, the complexity of multisig vaults makes it infeasible for it to support multisig withdrawals for each additional forked asset. For these reasons it has decided to invest its resources elsewhere. “By removing this functionality, engineering time spent on supporting multisig vaults can be reallocated to continued investment in the security and reliability of our platform, which is of critical importance to our customers.” Your Money, Your Responsibility The company explains that because this product is user-controlled, customers can move funds with the two keys they already control. This change will only result in Coinbase customers not being able to access the third key that the company controls. Users of this feature should ensure they have access to their two keys before the change. Otherwise, it is recommend Coinbase customers withdraw all funds from a multisig vault prior to April 19, 2018. After this date, access to the multisig address associated with such a vault will require the use of third-party open-source software not controlled by Coinbase, and this multisig tool does not support group vaults as well. Whether you are a Coinbase customer or not, the responsibility for the security of your bitcoin holdings rests with you. More information on protecting your crypto wealth can be found in a recent guide from news.Bitcoin.com. Why do you think Coinbase multisig vaults have seen such low adoption? Share your thoughts in the comments section below! Images courtesy of Shutterstock. Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history. The post Coinbase to Remove Support for Multisig Vaults Within a Month appeared first on Bitcoin News. View the full article
  6. Regulatory pressures and a broadening bank clampdown have seriously affected cryptocurrency exchanges in India. Their representatives claim bitcoin trading has dropped as much as 90 percent in the last two months. Cryptos are not considered legal tender in the country and authorities have demonstrated a negative attitude towards their use. At the same time, leading Indian banks have taken steps to limit exchange operations even before any rules mandating such policies are adopted. Also read: India Can’t Regulate Bitcoin Says Official Regulatory Uncertainty, Hostile Attitude Indian trading platforms have suffered from great uncertainty about the future of cryptocurrencies in the country. Authorities in Delhi have issued multiple warnings and have threatened to stifle the use of digital money for illicit purposes. They have repeatedly stated that cryptos, like bitcoin, are not considered legal tender in India. However, neither an outright ban, nor any clear regulations have been adopted to this day. While the work on a comprehensive legal framework continues, after unfulfilled promises that new regulations would be unveiled soon, some officials have recognized that it is proving impossible to effectively regulate cryptocurrencies. Despite the absence of government regulations, Indian banks have taken matters into their own hands. Without any mandate from the Reserve Bank of India (RBI), commercial banks have been tightening the clamp on crypto trading. The country’s biggest financial institutions, including Citibank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, and the State Bank of India, have already suspended trading accounts of bitcoin exchanges. They have also imposed measures to restrict crypto-related transactions conducted by ordinary citizens, with two banks notifying customers they cannot use their credit, debit and prepaid cards to purchase cryptocurrencies. The regulatory uncertainty and the hostile attitude have caused a significant decrease in transactions on local bitcoin trading platforms, the Economic Times reported. “There is a 90 percent drop in the volume of trade across all Indian exchanges,” chief executive of Coinsecure, Mohit Kalra, told ET. “Our volumes are down from around 300-400 bitcoins daily in December to about 30-40 bitcoins a day now,” he added describing a 10-fold decrease. Banks Accused of Disruptive Behavior The actions of Indian banks mirror similar moves by some of the world’s biggest banks, like JP Morgan Chase, Bank of America and Citigroup. Last month they banned crypto purchases with their credit cards, justifying the measure with concerns about defaults due to dropping crypto values. Representatives of the Indian crypto industry have accused local banks of “irresponsible overreach”, “unilateral decisions”, and “disruptive stance”. “Without any clear mandate from regulators, asking us to close down our accounts, while refusing to give the reason in writing, is just disruptive to our business,” said Ajeet Khurana who is heading the Blockchain and Cryptocurrency Committee of India (BACC). The organization is working to introduce self-regulation in the sector. Customers are panicking and getting agitated, as they are not able to receive their money. That’s how the chief executive of another Indian exchange, Bixoxo, described the situation. “We are struggling to offer withdrawal services since our bank accounts are being shut. This has caused delays of up to one week for no mistake of ours”, said Hesham Rehman. “Our average volume has dropped from 300 – 500 bitcoins to 20 – 30 bitcoins now”, he added. The daily trading volumes of top Indian exchanges, like Zebpay and Koinex, have also decreased from 1,000 to 300-500 bitcoins. According to Zebpay’s CEO Nischint Sanghavi, promoting the use of banking channels actually enables tracking and taxing cryptocurrencies. Banning it would not serve the purpose of curbing illegitimate transactions, he warmed. Sanghavi believes that know your customer procedures and anti-money laundering measures implemented by Indian exchanges can only aid the efforts to keep track of money flows. The hostile environment has already forced two Indian platforms to suspend operations. Btcxindia and Ethexindia, serving about 35,000 customers, halted cryptocurrency trading on March 5. As news.Bitcoin.com previously reported, more and more Indians have been trying to buy cryptocurrencies from abroad through overseas accounts of relatives and friends. Others have resorted to cash-based trading to acquire bitcoins or other cryptos. According to some reports, a new law banning unregulated deposits is on the way. If such legislation is adopted in India without provisions to legalize the crypto sector, these trends are likely to continue to evolve. Do you expect the clampdown on cryptocurrency trade in India to continue? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com. The post Bitcoin Trade Drops in India Amid Uncertainty and Clampdown appeared first on Bitcoin News. View the full article
  7. Hong Kong’s Securities and Futures Commission (SFC) has halted Black Cell Technology Limited from issuing its initial coin offering (ICO) in Hong Kong. Black Cell has agreed to distribute refunds to Hong Kong-based investors. Also Read: Bittrex to Delist 82 Altcoins at End of March Black Cell ICO Halted in Hong Kong Hong Kong’s SFC has ordered Black Cell to cease offering its ICO to investors based in the autonomous Chinese territory. The SFC has expressed “concerns that Black Cell had engaged in potential unauthorized promotional activities and unlicensed regulated activities.” The SFC states that Black Cell has “agreed to unwind ICO transactions for Hong Kong investors by returning the relevant tokens” contributed by investors. In order to address the regulator’s concerns, the SFC states that “Black Cell has also undertaken not to devise, set up or market any scheme that constitutes a Collective Investment Scheme (CIS) unless in compliance with the […] Securities and Futures Ordinance.” The SFC reminded “Parties engaging in ICO activities […] to seek legal advice […] about the applicable legal and regulatory requirements,” warning that “Where an ICO involves an offer to the Hong Kong public to acquire an interest or participate in a CIS, prior authorization or licensing requirements under the SFO may be triggered unless an exemption applies. An interest in a CIS is regarded as ‘securities’.” Black Cell Subject of Regulatory Action From Philippine Authorities in January Two months ago, the Philippines Securities and Exchange Commission (SEC) filed a cease-and-desist order again four companies and Filipino resident Joseph H. Calata for operating Black Cell’s ICO. The order notes that “The same Joseph H. Calata was permanently disqualified by the Philippine Stock Exchange from being a Director or Officer of any listed company” as “He is the Chairman, President, and CEO of Calata Corporation, which was delisted from the Philippine Stock Exchange for non-disclosure of material information.” The Philippine SEC stated that “there is substantial evidence that [Black Cell] are selling or offering securities in the form of KROPS Tokens and/or Kropcoins to the public, in the Philippines, without the necessary license from the Commission.” Do you think that Black Cell will be able to continue operating in spite of increasing regulatory action? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia Need to calculate your bitcoin holdings? Check our tools section. The post Hong Kong Regulator Halts Black Cell ICO appeared first on Bitcoin News. View the full article
  8. Jack Dorsey, CEO of both Twitter and payment platform, Square, told the Times of London there will be a single world currency in the next ten years, and he believes that will be bitcoin. His comments came at a downturn in the broader crypto markets and amidst declarations of bitcoin’s imminent demise. Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK Twitter and Square CEO Bullish on Bitcoin “It’s slow and it’s costly,” Mr. Dorsey spoke of bitcoin as a currency, “but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable,” the Times of London reports (paywall). He is in London this week to promote one of his companies, Square. Mr. Dorsey, 41, is a billionaire at least four times over, and is considered something of a sage in the technology space. He was instrumental in establishing the micro-blogging platform Twitter. The San Francisco-based social networking staple has proven itself over its decade of existence to be a galvanizing space, especially for the cryptosphere, with over 300 million users. Though the world’s most popular cryptocurrency “does not have the capabilities right now to become an effective currency,” Mr. Dorsey explained the “world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,” expecting this to take place “probably over ten years, but it could go faster.” He’s also CEO of Square, Inc., San Francisco-based as well, a point of sale payments platform allowing for person-to-person commerce serving the US, Australia, Canada, Japan, and the United Kingdom. The popular smartphone client announced last month it would launch an in-app bitcoin buy and sell option. “We support bitcoin because we see it as a long-term path towards greater financial access for all — This is a small step,” Mr. Dorsey detailed. The move has proved compelling to merchants, as even amidst price volatility 60% said they’d accept Square. Square is also reportedly launching an instant deposit service. After about 20 minutes, merchants can access funds in their accounts, making cashflow much easier for smaller businesses. Mr. Dorsey isn’t a passive bitcoin investor. He participated in a seed financing round of 2.5 million USD for Lightning Labs, hoping to help power bitcoin core beyond its recent headaches of congestion and fees. In the hodl versus currency bitcoin debate, Mr. Dorsey seems to reside right in the middle. Do you think bitcoin will be the world’s currency in ten years? Let us know in the comments! Images via Pixabay, Twitter. At news.Bitcoin.com we do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Twitter and Square CEO Jack Dorsey: Bitcoin to be World’s Currency appeared first on Bitcoin News. View the full article
  9. 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. It is universally acknowledged that social interaction activity is playing an important part in our daily life. We shall communicate with different people closed to us through various methods every day, such as face-to-face communication, writing an e-mail, updating own Twitter and Facebook or using more convenient mobile APPs, making us felt we keep touch with people we love. There is no doubt that network shall bring huge social interaction convenience to us. But do you feel anxious when your private information flows through the network? Actually, huge user quantity represents huge information flow, which also means higher and higher threat on information safety. As privacy, even property safety, is commonly included in information, so the result shall be unthinkable once the information is disclosed. When facing the challenge of information exposure, will you give up enhancing the great convenience of network social software? Of course not. It will result into certain obstacle of communication of people in different areas. As a matter of fact, popular software used by people in different countries and areas is different. Their abilities to safe information are also different. As long as we choose the one based on the highest technology to protect our information, then our privacy will be guaranteed. Luckily, Smooth encrypt social software, a perfect tool to fully satisfy your demand, comes to birth. The establishment of Smooth encrypt social software is helping people in different areas to communicate more frequently and enjoy the fun brought by social interaction; meanwhile, it aims at protecting personal information, encrypting communication content, protecting individual property safety through blockchain technique and transmitting more valuable information to each user so that each user can enjoy the convenience brought by excellent business mode; moreover, it won’t collect user’s data. It saves value generated by user’s data in the platform through original form and gives the value feedback to each one finally. Since the blockchain occurs, it has been operated for many years and there is no problem that encrypted information is decoded; therefore, it has sufficient safeguard on safety. In fact, it is also sufficiently proved that it is the best encrypted safety solution. Smooth encrypt social software adopts blockchain technique to create safe encrypted communication channel for users to guarantee the communication contents of user are not disclosed and information cannot be broken down even it is intercepted by hacker. In the marketplace, the frequent problem in social software is information disclosure as communication content is intercepted by hacker which finally results in incalculable result; therefore, many social software has developed the function of encrypted communication. Although these functions bring certain safety, it cannot be denied that it is possible that some so-called encrypted safety measures only exist in their names only as safety technical level of different social software enterprises is different. And according to the professional survey, blockchain is so far the safest technology for information transmission. Smooth encrypt social software is just the one base on blockchain technology. Therefore, Smooth encrypt social software can offer higher security than others. Distributed storage function of Smooth encrypt social software application blockchain technique with blockchain data storage structure can guarantee information stored by users won’t be falsified. Meanwhile, stable communication channel can be constructed through certain encryption measures and point-to-point transmission to safeguard data safety. In safety strategy, Smooth encrypt social software shall adopt more methods, such as updating internal data in time and strengthening safety grade of external firewall, to guarantee user data won’t be disclosed. When more and more users use Smooth encrypt social software, it can establish safe business platform with more service functions and wider coverage area to help enterprises users from different places worldwide to complete transaction rapidly with low cost and realize rapid fund transfer to make communication among various industries worldwide more usual. Besides, Smooth encrypt social software shall provide safe encrypted information transmission channel by using encrypted technique and point-to-point transmission technique of blockchain; in addition, it shall provide payment and property storage function by using encrypted currency based on blockchain technique and transmit information to online users by using broadcasting function of blockchain, etc. We shall flexibly apply various inspirations brought by blockchain to make scientific and technological life more comfortable. What’s more, Smooth encrypt social software shall carry an information issuing platform with bountiful contents and user can share and browse interested contents in Smooth encrypt social software. Users can be awarded with bountiful reward if they share some contents on the platform. In the future, as Smooth encrypt social software users and business services carried out Smooth encrypt social software platform are gradually increased, Smooth encrypt social software shall become the most active online commercial community with the most perfect function and the most excellent service. It shall gradually replace certain traditional areas and form new business center. To conclude briefly, Smooth encrypt social software is devoted to bringing safer and more convenient social experience to users by adopting blockchain technique so that they can enjoy new changes brought by science and technical life. Users can use Smooth encrypt social software to complete daily communication with other people, and even shopping payment, property management and property safety storage. In other words, Smooth encrypt social software is devoted to creating encrypted social interaction software integrating shopping payment, financial management, reading sharing and wallet. If you choose Smooth encrypt social software, more surprises will be waiting for you! Come on, just try it now, you will live in a safer life. E-mail address [email protected] Supporting Link www.stones.wang 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. The post PR: Smooth Encrypt Social Software – a Miracle Based on Blockchain appeared first on Bitcoin News. View the full article
  10. After over a month of absence Tether has returned to the USDT printing business, issuing $300 million worth in just one massive batch. The proximity of the move to the recent reversal of the downtrend in the market has lead to renewed calls by critics that Tether is manipulating prices. Also Read: Survey Says 8% of the American Population Now Own Cryptocurrency $300 Million USDT Omni blockchain transaction data reveals that Tether has created $300 million worth of new USDT tokens. Like with previous printing sprees by Tether, the lack of transparency behind the operations of the stablecoin has caused critics to suggest some kind of foul play was behind the massive new grant. The last time Tether was found to be actively printing was in Mid February, and since then it let its metaphorical printers a rest. As the past month wasn’t the best performing to say the least, some people linked that with Tether not propping up prices. And as the prices recovered around the same time the new $300 million USDT grant was issued, it seems to confirm for these critics their concern. Who Is Leading the Markets? While this new printing’s supposed link to the price recovery is anecdotal and coincidental, it does seem to have an effect on traders’ behavior. The news was quickly circulated in various traders’ forums such as pump and dump groups on Telegram, where people seem to have taken it as if Tether has placed a floor on the price of bitcoin – reacting the same way FX traders would to a central bank setting a minimum acceptable exchange rate for its currency and defending it by open market actions. This by itself can act as a self-fulfilling prophecy. A research that was published earlier this year found little real statistical evidence that USDT printing is correlated with the price of bitcoin. However, Tether is fueling the speculations around its actions by its continued secrecy. Outside observers can only try to track down the banks that the company must use to hold incredible amounts of USD to back its USDT on a 1:1 basis. It has also lead to exchanges turning to competing stablecoins. Are tether printing $300 million and the recent bitcoin price reversal linked? Share your thoughts in the comments section below! Images courtesy of Shutterstock. Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history. The post Tether Back in the Printing Business With Massive $300 Million Batch appeared first on Bitcoin News. View the full article
  11. The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China. Also read: Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto Yi Gang’s Appointment Offers Hope On March 19, China’s National People’s Congress voted to approve President Jinping’s nominee to oversee the People’s Bank of China (PBoC). The appointment was not a surprise, for Yi Gang was already serving as deputy governor. The Beijing-born official is believed to have taken up his position with immediate effect. Zhou Xiaochuan, who stepped down from the role, was widely seen as a liberal governor, and it’s likely that Yi will continue where his predecessor left off. Yi Gang has previously spoken positively about bitcoin, going so far as to call it “inspiring” or “enlightening” in an address made in 2013. He appears to have been happy for Chinese citizens to engage in the buying and selling of bitcoin online, regarding it as a distinctly separate activity from trading currency. When speaking to the G20 summit in 2016, Yi also spoke positively of blockchain technology. A Progressive for a New Era? “It seems that the incoming governor Yi Gang is more crypto progressive,” noted Youtuber “Boxmining”, giving his thoughts on the appointment. As governor of the world’s largest central bank based on asset holdings, Yi is sure to be careful about how he chooses his words from now on. A ringing endorsement of cryptocurrency is unlikely. Even a laissez-faire approach that enabled bitcoiners to ply their trade without government intervention would herald good news for China and for the global crypto economy. Do you think Yi Gang’s appointment means good news for bitcoin’s legal status in China? Let us know in the comments section below. Images courtesy of Wikipedia. Need to calculate your bitcoin holdings? Check our tools section. The post China’s First Central Bank Governor in 15 Years Likes Bitcoin appeared first on Bitcoin News. View the full article
  12. The price of bitcoin has bounced off a recent low of $7,300 USD in recent days, with prices hovering testing resistance at $9,000 as of this writing. The majority of altcoin markets have bounced alongside BTC, indicating that the cryptocurrency markets still remain correlated to bitcoin. Also Read: Snowden Releases NSA Documents Showing Bitcoin Was “#1 Priority” Bitcoin Bounces With Strength The price of bitcoin has gained approximately 20% since bouncing off the $7,300 area four days ago. Bulls are currently testing resistance at the $9,000 area. When looking at the daily chart, one can infer that the recent bounce off the $7,300 area comprised a fourth point of contact with the long-term ascending trendline established by the crash down to the $6,000 area that occurred last month. Over the course of coming weeks, traders will no doubt be watching for a confirmed break above or below the current symmetrical triangle in which BTC price action has recently channeled. Some Analysts Predict Impending ‘Death Cross’ for Bitcoin The bullish momentum of recent days has been overshadowed by increasing concern that the 50-day moving average for BTC may break below its 200-day moving average – a bearish technical indicator known colloquially as a ‘death cross.’ The last time a death cross occurred was following bitcoin’s first run up to $1,000 back in 2014. Altcoin Markets Remain Heavily Correlated to BTC The cryptocurrency markets remain extremely correlated to bitcoin, with most markets experiencing significant bounces in unison with bitcoin. In recent days, Ethereum has recovered by 25%, after establishing a long-term descending trend-line and bouncing off a new low for 2018 of approximately $450. Ethereum’s crash down to $450 comprised a full retrace of the gains made by ETH since November last year. Ripple has also gained approximately 25% since establishing a new low for 2018, following XRP’s bounce off a local low of approximately $0.50 several days ago. Stellar produced among the strongest of the recent bounces – gaining almost 70% since making a full retrace down to the $0.16 area. Unlike many other altcoins, Litecoin managed to avoid establishing a new low for the year in recent days – with LTC bouncing off support at the $140 area. Do you think that bitcoin will break above or below its symmetrical triangle in coming weeks? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Trading View, Bloomberg At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Markets Update: Bitcoin Back Testing $9,000 in Spite of ‘Death Cross’ FUD appeared first on Bitcoin News. View the full article
  13. A Time investigation into the development of Venezuela’s state-backed cryptocurrency, petro, revealed strong anecdotal and circumstantial evidence connecting Russia to its launch. At least two Russians with ties to Vladimir Putin were present at petro’s unveiling, complete with the Venezuelan president’s thanks. Analysts are claiming the South American country is Mr. Putin’s crypto guinea pig as the two nations try to find innovative ways around US sanctions. Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK Report Claims Putin and Maduro Teamed to Launch Petro Time online is referring to Tuesday’s official sale of petro as “a half-hidden joint venture between Venezuelan and Russian officials and businessmen, whose aim was to erode the power of U.S. sanctions,” finding “Moscow’s fingerprints all over the creation of the petro.” Such revelations come at an interesting time for all three countries. In the US, the present administration has been accused of being too close to re-elected Russian President Putin. Mr. Putin is under international pressure for alleged acts of assassination on foreign shores along with meddling in elections abroad. Venezuela has long been a client state of Russia, and has equally been the object of scorn for several US administrations. The three were tied together, somewhat unknowingly (on the US side at least) by President Trump’s recent Executive Order forbidding formal participation in the petro. And truth be told it is Russia who would rather tread lightly at this point. Indeed, as Mr. Putin’s economic advisor, Igor Shuvalov, explained, “For Russia, it’s too dangerous. If we say that the only reason we do it is to avoid U.S. sanctions, then the United States is definitely going to be displeased about it. Venezuela has nothing to lose. For them it’s the only chance.” The Venezuelan economy is the daily subject of press accounts, documenting economic horrors. So it might have seemed somewhat brazen to have no fewer than two Russian nationals connected front and center at petro’s media scrum launch last month. Denis Druzhkov and Fyodor Bogorodsky were thanked publicly by Mr. Maduro, and Mr. Bogorodsky stands at the one hour and eight minute mark to give a congratulatory speech in Russian (see video inset). Covering Tracks on a Gamble The two men were initially identified as representatives of a shadowy company, Aerotrading, which claims blockchain specialty. Within days of the presser, presumably to establish the company’s legitimacy, a sudden website and Twitter account were set up. Of the two men, Mr. Bogorodsky was the only to comment publicly. Mr. Druzhkov is well connected to a Russian billionaire, while Mr. Bogorodsky is a former banking executive living in South America. The report describes him as having “close business ties with Russia and other former Soviet states.” It appears he’s been involved with petro since its inception late last year. Mr. Bogorodsky stresses, “Russia has been moving in this direction for a while now, trying to draft laws to regulate cryptocurrencies.” Venezuela’s pace has evidently been much quicker. Dismissing potential US concerns, he laughs, “Any citizen of the world can do what he wants. We offer freedom of choice. So I think there will be lots of investors, big and small, from all over the world.” According to an anonymous “executive at a Russian state bank who deals with cryptocurrencies, senior advisers to the Kremlin have overseen the effort in Venezuela, and President Vladimir Putin signed off on it last year. ‘People close to Putin, they told him this is how to avoid the sanctions,’ says the executive. ‘This is how the whole thing started,’” the report explained. Russia is insisting it had nothing to do with the petro’s creation. State apparatchiks, on the other hand, have made plenty of statements about US financial sanctions. The head of Russia’s second largest bank, VTB, Andrei Kostin spoke openly recently about how “The reign of the dollar must end. This whip that the Americans use in the form of the dollar would then, to a great extent, not have such a serious impact on the global financial system.” US regulators are quoted as not being too worried about petro nor the possibility of a crypto-ruble. It is hard to say if state-backed cryptocurrencies could ultimately work. Such ideas have always suffered from violating key tenants of crypto: censorship resistance and decentralization. By definition, state-backed currencies violate both. Do you think state-backed crypto can work? Let us know in the comments! Images via Pixabay, Wikipedia. At news.Bitcoin.com we do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, Petro appeared first on Bitcoin News. View the full article
  14. Anyone swiping through the tech news on their tablet this week may have been startled by an unsavory story. Child pornography (CP) is permanently encoded in the bitcoin blockchain accoriding to mainstream media reports, making anyone who downloads the blockchain guilty of accessing CP. Not only is this old news, but it’s fake news. Understanding why calls for taking a quick dip into bitcoin’s code. Also read: Bitcoin Cash Ecosystem Sees a Tidal Wave of Merchant Acceptance Bitcoin’s Boogeyman Returns No one can really recall what bitcoin was branded as first: a tool of terrorists, drug dealers, or child pornographers. All that can be said for certain is all three canards have been trotted out regularly over the years. Only last week in the U.S. Senate, Representative Brad Sherman expressed hope that a cryptocurrency panel would reconvene immediately after there had been a terrorist attack funded by crypto. But that was last week; this week it’s all about pornography of the worst kind. CP is the topic du jour thanks to a new research paper. Its abstract explains: Blockchains…irrevocably record arbitrary data, ranging from short messages to pictures. This does not come without risk for users as each participant has to locally replicate the complete blockchain, particularly including potentially harmful content…Our analysis shows that certain content, e.g., illegal pornography, can render the mere possession of a blockchain illegal…our analysis reveals more than 1600 files on the blockchain, over 99% of which are texts or images. Among these files there is clearly objectionable content such as links to child pornography, which is distributed to all Bitcoin participants. This all sounds pretty damning, and given some of the alarmist headlines the paper has generated, you would have thought the FBI van was speeding its way to every address known to operate a full bitcoin node. But that’s not quite how the real story goes. The Daily Dot cranks up the FUD.Old News Is Old The CP on the blockchain story isn’t news and it isn’t new either. In fact, it was first dragged up in 2013, and has been revived, six years on, purely because a new paper has given the claims an air of legitimacy. News outlets were quick to jump on the story again, which was then widely shared by attention trolls such as Brianna Wu. The false hypothesis comes from the fact that it’s possible to encode information in the blockchain. That was how Satoshi famously hid his message in the genesis block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. Anyone inspecting the blockchain won’t find those words however. Instead they’ll find the following hash: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26. That is the block’s coinbase parameter (nothing to do with Coinbase the company), written in hex. Media publications have had a field day with the CP non-story.A research paper published in July 2017 titled Data Insertion in Bitcoin’s Blockchain explores this topic in more detail and explains how the coinbase data “is arbitrary and can be up to 100 bytes in size”. Only miners have the ability to insert data in this manner, and it’s typically used to signal mining support for proposed protocol changes. There are five other ways in which data can be encoded on the bitcoin blockchain, and it is the OP_RETURN option that is at the center of the child pornography story. The 2017 research paper explains that “this method is appropriate for inserting small amounts of data (or transaction metadata), but it is not suitable for large quantities of data.” The Guardian gets in on the act80 bytes is all that OP_RETURN can store, and what’s more that information is subject to deletion. That’s because bitcoin nodes are capable of pruning “provably unspendable” UTXOs for efficiency, which include OP_RETURN data. Anyone wishing to use the bitcoin blockchain to seek out child pornography would need to perform the following convoluted process: Download the entire bitcoin blockchain and sift through 251 million transactions to find the 1.4% that contain some kind of arbitrary data encoded in them. Ensure that the version of the blockchain you were using had been subject to no pruning that might have removed OP_RETURN data. Extract any web links that might be concealed in the data using some sort of steganography. Type the links into your browser until you eventually found a website that was still accessible. To assert that the bitcoin blockchain contains child pornography is disingenuous, and is no more meaningful than saying that the internet contains CP. You could live to 100 and never encounter CP on the web, because that’s not how the web works. And that’s not how the blockchain works either. Don’t Believe the Headlines Asserting that there is child pornography on the blockchain would be like strolling through the U.S. Capitol Building, dropping a scrap of paper containing a deep web address, and then claiming that the American government is storing obscene content. As respected bitcoin commenter Nic Carter wrote: “Any journalist writing about arbitrary content injection into the Bitcoin blockchain should be extremely careful to detail to what extent that content exists, is extractable, viewable, etc. A text string which is a URL link to a [website displaying a thing] is not [the thing itself]. That is an extremely bad interpretation. Do not conflate the two. If you are willing to claim that “the blockchain contains X” you should be able to prove that you can extract X.” Steganography and blockchain data insertion are fascinating topics that deserve scrutiny and further study. But to assert that the blockchain contains child pornography is misleading to the point of falsehood. It’s possible to encode a hidden link inside any database, including Facebook, Twitter, and Wikipedia. The act of doing so proves nothing other than the fascination some people have for concealing messages in messages – and that’s been happening since 1499. Do you think mainstream media are guilty of misreporting this story, or are they right to air their concerns? Let us know in the comments section below. Images courtesy of Shutterstock, Daily Dot and Twitter. Need to calculate your bitcoin holdings? Check our tools section. The post No, There Isn’t Child Porn on the Bitcoin Blockchain appeared first on Bitcoin News. View the full article
  15. Xkeyscore. MAC addresses. OAKSTAR. MONKEYROCKET. Edward Snowden is at it again. This time the world’s most notorious whistleblower has handed over National Security Agency (NSA) documentation to online investigative news outlet The Intercept revealing an invasive covert program to track bitcoin users using spy tools he uncovered during his infamous first go-round. The implications include the future of privacy along with warrantless data collection being used to prosecute bitcoiners such as Ross Ulbricht of Silk Road. Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK Snowden Reveals How NSA Tracked Bitcoin Users Ever get the feeling you’re being watched? Department of Homeland Security (DHS) Acting Assistant Secretary for Legislative Affairs Brian de Vallance, in a November 2013 letter to Congress, worried that “with the advent of virtual currencies and the ease with which financial transactions can be exploited by criminal organizations, DHS has recognized the need for an aggressive posture toward this evolving trend.” Infamous whistleblower Edward Snowden seems to have found a trove of heavily redacted, classified NSA documents attesting to that “aggressive posture.” It’s fitting Mr. Snowden should share them with The Intercept, an online investigative news organization founded by his benefactor, attorney turned journalist Glenn Greenwald. Mr. Greenwald was then writing for The Guardian, and the two unleashed the largest batch of government security documents ever revealed about US and UK global surveillance. Interestingly, the documents tracking bitcoin users stem from roughly the same period, 2013. They detail bitcoiners all over the world were targeted as powers granted the NSA under the rubric of fighting terrorism expanded, and might have even begun to play a role in early crypto prosecutions such as Ross Ulbricht and Silk Road. American Civil Liberties Union’s Patrick Toomey, of its National Security Project, explained, “If the government’s criminal investigations secretly relied on NSA spying, that would be a serious concern. Individuals facing criminal prosecution have a right to know how the government came by its evidence, so that they can challenge whether the government’s methods were lawful. That is a basic principle of due process. The government should not be hiding the true sources for its evidence in court by inventing a different trail.” Raw, Global Internet Traffic Readers in recent years have been thrown a pivot. It’s not the currency aspect of bitcoin that is to be admired, but rather blockchain technology or some other such related innovation. Yet all along, since its inception, bitcoin was meant to be digital cash, a direct way to undermine governments and their cartelized banking system. In popular press accounts this aspect has been downplayed and almost forgotten. Until now. It appears NSA has been focused on what’s important or novel about bitcoin, and it ain’t blockchain. And since the initial Mr. Snowden revelations of the Agency’s widespread data gathering streams and programs, enthusiasts have long suspected something of the sort was happening in crypto. Document sentences filled with snippets such as “help track down senders and receivers of Bitcoins” will only fuel more speculation. “The data source appears to have leveraged NSA’s ability to harvest and analyze raw, global internet traffic while also exploiting an unnamed software program that purported to offer anonymity to users, according to other documents,” Sam Biddle of The Intercept wrote, noting “Bitcoin is #1 priority” over other cryptocurrencies, according to documents. Information gathered wasn’t just about transactions. In fact, “the tracking may also have involved gathering intimate details of these users’ computers. The NSA collected some Bitcoin users’ password information, internet activity, and a type of unique device identification number known as a MAC address,” Mr. Biddle explains. A MAC address is also known as a media access control address, a unique hardware identifier. A crisper analogy would be to liken a MAC to an American social security number which remains with a person (device) for their entire lives. Unsuspecting Bitcoiners Deeper still, the NSA documents confirm the ease at which the Agency could identify users in particular, “hinting that NSA may have been using its Xkeyscore searching system, where the Bitcoin information and wide range of other NSA data was cataloged, to enhance its information on Bitcoin users. An NSA reference document indicated that the data source provided ‘user data such as billing information and Internet Protocol addresses.’ With this sort of information in hand, putting a name to a given Bitcoin user would be easy,” the report detailed. Xkeyscore (XKS) came into popular consciousness through Mr. Snowden’s first revelations. XKS was used by the NSA globally, collecting internet data daily, and shared with most English-speaking, industrialized nations. Its source code was publically analyzed in Germany during Summer of 2014. The report relies heavily on tracking derived from OAKSTAR, also first uncovered by Mr. Snowden during his initial affair, which uses “a collection of covert corporate partnerships enabling the agency to monitor communications, including by harvesting internet data as it traveled along fiber optic cables that undergird the internet.” A sister program, MONKEYROCKET, was employed to snatch data from Asia, Europe, the Middle East, and South America, according to documents. It’s “full take”, which can mean “the entirety of data passing through a network was examined and at least some entire data sessions were stored for later analysis,” The Intercept claims. As part of a broader anti-terrorism program, MONKEYROCKET was also used to develop software promising relative anonymity to unsuspecting bitcoiners in places like China and Iran. The program wasn’t disclosed, but its import is plain enough: “it functioned as a privacy bait and switch, tricking Bitcoin users into using a tool they thought would provide anonymity online but was actually funneling data directly to the NSA.” This seems to indicate a virtual private network (VPN) of some kind was compromised. The forever rub with VPNs is that users have to trust the issuer. While the latest news might further push enthusiasts toward privacy coins, equally disturbing, if not more, is the assumption the NSA played a role in the prosecution of Ross Ulbricht, now serving double life without the possibility of parole and awaiting a possible Supreme Court reprieve. Mr. Ulbricht argued the Federal Bureau of Investigation’s recounting of their case left serious holes. And if it could be proved an outside entity, like the NSA, used unethical, illegal means to obtain evidence, then the entire prosecution against him was compromised. Mr. Snowden’s current batch doesn’t speak to the issue directly; however, the timeframe and government sense of urgency seems to make it at least plausible, if not probable. Do you think Snowden’s latest documents will push more enthusiasts to privacy coins? Will the information provided help Ross Ulbricht? Let us know in the comments! Images via Pixabay, The Intercept. At news.Bitcoin.com we do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Snowden Releases NSA Documents Showing Bitcoin Was “#1 Priority” appeared first on Bitcoin News. View the full article

Important Information

By using this site, you agree to our Terms of Use.