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Updated: 25 min 59 sec ago

Someone Just Spent $2,000 On a $1,000 Gift Card Trying to “Double Spend” BCH

44 min 49 sec ago

It is a common practice nowadays for online ventures to invite white hat hackers to attack their systems via security challenges or cyber bug hunts. Companies usually do this to learn what vulnerabilities they might have and improve, or to show their confidence in their existing defense capabilities. The method can also be used to prove a point about the reliability of a certain system as seems to have happened now with 0-conf BCH transactions.

Also Read: Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018

0-Conf Challenge

It appears that someone has lost $2,000 buying a $1,000 gift card trying to carry out a “double spend” attack with bitcoin cash (BCH), according to transaction data from Whoever was behind this failed attempt thought that they can exploit a feature in BCH called 0-conf (wherein transactions are broadcasted immediately with still zero conformation), but the attempt backfired, costing them double the gain and verifying the security of the cryptocurrency for merchants.

As we previously reported, is an online shopping website selling gift cards for Amazon, Steam, iTunes, Starbucks and many other popular services. It exclusively accepts BCH payments, offering merchants a platform to sell their products to the bitcoin cash community while avoiding volatility risks. As such, it was important for the founders of the site to demonstrate to merchants that accepting payments with the BCH cryptocurrency is safe and secure. So the company challenged anyone who think they can double spend by exploiting 0-conf to get a $1000 Amazon gift card (priced at $2000 to make sure no one buys it by mistake), promising not to report the incident to Amazon or to press any charges.

More Challenges to Come co-founder Arian Kuqi explained to how the whole thing came about: “It started about a month ago, I noticed a lot of comments and posts about 0-conf and how it’s not safe to use. It’s understandable, people are stuck in their head with BTC problems and think the same goes for BCH. Having 0-conf on, I started commenting and posting about it. Then, a user on reddit suggested I set up a challenge for people who were so confident 0-conf can’t possibly be reliable so one day later I did. A month went by, a lot of talk in the beginning but no action. Until one guy made it clear that he was going to try under the impression of a 80% shot in his favor. A couple of days later, it happened!”

The co-founder added that more similar challenges are on the way: “I’m going to keep coming with challenges until everybody is satisfied 0-conf is safe to use for any online retailer supporting Bitcoin Cash or until these trolls run out of money. My goal is to show merchants the benefits and safety of the Bitcoin Cash ledger and attract more adoption by merchants.”

What other challenges are needed to test vulnerabilities in the cryptocurrency ecosystem? Share your thoughts in the comments section below!

Images courtesy of Shutterstock.

Do you like to research and read about Bitcoin technology? Check out’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.


The post Someone Just Spent $2,000 On a $1,000 Gift Card Trying to “Double Spend” BCH appeared first on Bitcoins Channel.

Playboy to Soon Allow Bitcoin and Other Cryptocurrencies Across its Platform

1 hour 15 min ago

The US-based company, Playboy Enterprises, Inc., has announced that it will start accepting cryptocurrency payments beginning later this year. In a press release dated March 14, 2018, Playboy revealed that it is working on creating an online payment gateway to facilitate cryptocurrency payments across the company’s adult entertainment business. The company will set up a multi-cryptocurrency wallet to enable ease of payment for its audience.

Once the online cryptocurrency payment setup goes live, Playboy will also begin accepting the Vice Entertainment Token (VIT). The token has been specifically created for the adult entertainment industry.

The first platform to start accepting cryptocurrency payments will be Playboy.TV and its visitors will be paid with Vice tokens for watching exclusive content. VIT founder, Stuart Duncan, feels that the existing ad-driven business model of adult entertainment websites is deeply flawed. He argues that there is a need to reward users through tokens to increase their engagement with the platform. Users will be able to redeem their VIT tokens on the Playboy platform.

Playboy, originally founded in 1953 as an American men’s lifestyle and entertainment magazine, has experienced a huge reduction in its earnings due to other adult websites. There have also been several instances of piracy when a video made exclusively for Playboy’s platform was distributed on other websites. Since the content was freely available on other websites such as Pornhub, it resulted in a revenue loss for Playboy.

A New Chapter for Playboy?

Most of Playboy’s revenue today comes from licensing its brand name to other merchants. In 2015, its magazine and digital publishing brought in $38 million while licensing rights raked in $55 million. Playboy has been steadily trying to move in a profitable direction after the death of its founder Hugh Hefner. There were also reports in January 2018 that it would exit the print magazine business due to excessive losses.

Reena Patel, Chief Commercial Officer and Head of Operations at Playboy, said, “As the popularity of alternative payment methods continues to grow around the world, along with the reach Playboy’s digital platforms, we felt it was important to give our 100 million monthly consumers increased payment flexibility.”

She further asserted her belief that this move would turn out to be a game changer, “This innovation gives the millions of people who enjoy our content, as well as those in the future who participate in our casual gaming, AR and VR platforms, more choices with regard to payment and in the case of VIT, an opportunity to be rewarded for engaging with Playboy offerings.”

The move is not the first instance of Playboy accepting cryptocurrency payments though, as Playboy Plus has been accepting bitcoin from as early as 2014.

Adult Industry Continues to Adopt Crypto

Another adult website, Xhamster, has also been accepting cryptocurrency. Its project manager stated, “Bitcoin profit is not as big compared to traditional billing methods yet, but it’s growing. What’s very important for our members, it’s anonymity (actually pseudonymous).”

The adult entertainment industry has been steadily adopting cryptocurrencies. A website saw its sales rise by more than ten percent after it began accepting payments in bitcoin. One reason why more subscribers are using digital tokens to pay at such websites is to keep their identity anonymous.

It remains to be seen how accepting cryptocurrency payments will turn out to be for Playboy. Some critics argue that the price of bitcoin and ether is too volatile, causing the rates provided on the Playboy platform to fluctuate. Another argument is that the transaction fee of most cryptocurrencies may turn out to be a major deterrent to user adoption.


The post Playboy to Soon Allow Bitcoin and Other Cryptocurrencies Across its Platform appeared first on Bitcoins Channel.

Report: Twitter Prepares Ban on Crypto Ads

1 hour 46 min ago

Twitter is reportedly preparing to prohibit advertisements for ICOs, token sales, and cryptocurrency wallets. The new advertising policy is expected to come into effect in a couple weeks. The microblogging site is said to impose a ban on ads for crypto exchanges, as well, bar a few exceptions. The policy change is yet to be confirmed officially.

Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia

Some Trading Platforms May be Excluded from the Ban

Following similar moves by Facebook and Google, Twitter is now preparing to ban crypto-related advertisements on its platform. The new advertising policy will be implemented in two weeks, Sky News reported without revealing the source of its information.

The upcoming rules will likely prohibit advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally, according to the report. The reasoning behind Twitter’s decision is unclear. Other companies imposing restrictions on crypto content have cited concerns over illicit activities and fraudulent ads.

The ban may also include advertisements for cryptocurrency exchanges. The report suggests, however, that the new policy will be launched with some “limited exceptions” in regards to trading platforms. There has been no official confirmation of the policy change yet.

Restrictions Mounting across the Web

The news about the expected Twitter ban on crypto-related content comes amid increasing regulatory pressures and after similar decisions by the most popular social network Facebook and Google, the biggest global search engine. Analysts believe the announcements have contributed to the recent dips in the cryptocurrency markets.

Facebook issued its ban on crypto ads in January, claiming the measure comes after persistent complaints by users about spam and fraudulent cryptocurrency ads. It stated that advertisements should not promote financial products and services frequently associated with misleading or deceptive promotional practices. The warning was targeting ICOs and cryptos.

More recently, Google announced its plans to restrict ads of cryptocurrencies and content related to initial coin offerings, exchanges, wallets, and crypto trading advice. The company intends to implement the new rules by June, 2018, as reported. The updated Financial Services Policy leaves room for some ads to be published after getting certified by the company.

Google’s move has already provoked reactions from the crypto community. According to Russian media reports, the first lawsuit against the ban has been filed in a Moscow district court. Other reports suggested that the biggest Russian search engine Yandex (Яндекс) has also decided to quit publishing advertising materials related to cryptocurrencies, mining projects and ICOs. Later, Yandex’s press office denied these rumors, saying no changes had been made to the advertising policy of the company.

Do you expect another wave of negative reactions by crypto markets and communities around the world, if Twitter officially confirms the ban on cryptocurrency related ads? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

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The post Report: Twitter Prepares Ban on Crypto Ads appeared first on Bitcoins Channel.

This Week in Bitcoin: Time to Build

2 hours 49 min ago

If there’s one thing a crypto recession’s good for, it’s rebuilding. It’s debatable whether we’re in a full-blown recession admittedly, but whatever you wanna call it, the charts ain’t looking too pretty. The upside to that is it’s a great time for looking elsewhere. With Easter imminent, it seems fitting that some of crypto’s biggest players should be focusing on renewal: new blockchains, new miners, new scaling solutions, and new licenses. This week in bitcoin, the great build begins.

Also read: Paypal Users Receive Cryptocurrency Warning Email


If HODL is what we do with our crypto, BUIDL is what we do when our coins are no longer worth HODLing. It’s fair to say that most of us still believe in bitcoin as much as ever, but are capable of conceding that it may be a few months till we witness another ATH…or even $10k, the way things are looking right now. That’s okay though, cos away from the price action, there’s lots happening behind the scenes as crypto’s heavy hitters begin to build.

Binance was first out the traps, announcing plans for its own blockchain, decentralized exchange, and god knows what else. They’ve got cash to burn, as tends to be the case when you’re pulling in over $800 million a year, and aren’t afraid to put a chunk of it to good use. Coinbase, the Facebook to Binance’s Google in crypto terms, haven’t been resting on their laurels either. They’ve gotten their hands on a coveted e-money license from UK regulators, which will aid their European expansion efforts.

With the recent recruitment of Linkedin’s Emilie Choi, who specializes in M&As, it’s suspected that Coinbase might be plotting to snap up promising startups and assimilate them into its mushrooming empire. Compliance; finance; insurance. All of these sectors, and many more, could be prime targets should Coinbase decide to embark on an M&A sweep.

Some Call It Recession, Some Call It Renewal

On the face of it, stories like Binance building its own blockchain and Barclays breaking rank to become one of the first major banks to support crypto (having accepted Coinbase as a UK client) sound bullish. And while it’s true that these initiatives bode well for the future of cryptocurrency, why does it take nine years for a British bank to accept bitcoin, and only then via Coinbase, the most corporate and squeaky clean company in the entire space? What about all those aspiring startups that were turned down for banking facilities as soon as the word “cryptocurrency” was mentioned? And not just in the UK, but everywhere. In crypto, as in the world at large, it seems to be less what you know, and more who you know.

When we talk about the crypto rich, it’s normally whales who spring to mind; those faceless, nameless entities with the power to move entire markets with a single trade. But the biggest whales of all aren’t our fellow traders: they’re the exchanges themselves with the wealth to survive the longest crypto winters and to emerge with an even greater stranglehold on the market.

Senators Talk Smack About Crypto

On Wednesday, a Senate hearing convened to discuss ICOs and there were some interesting comments from Representatives, ranging from the bullish to the brain-dead. These events are turning into high caliber popcorn material for crypto Twitter, who were on top form throughout the live streamed debate. Brad Sherman took the biscuit for conflating cryptocurrency with terrorism, with only the IMF’s Christine Lagarde running him close for spewing baloney this week.

The doom and gloom coming from the IMF and from the Senate’s more benighted representatives makes John Oliver’s cryptocurrency special last Sunday night seem veritably upbeat. To paraphrase the British comic, it’s astonishing that in the current year we should still be hearing cryptocurrency linked with terrorism. The two are no more interconnected than potato chips and terrorism. Just because a few freedom fighters are partial to a bag of Lay’s doesn’t make chips synonymous with terrorism.

Peering Into the Future

If crystal balls actually worked, we’d all be using them to divine the fate of the crypto markets. Instead, monitoring bitcoin futures predictions is the closest we get to determining which way the candle’s gonna drip. The short-term future is looking bleak, apparently, but at least contract volumes have increased, which has gotta count for something, right? We’ll also soon be stepping into a future devoid of Google ICO ads, and Twitter crypto ads too, which is probably for the best. This week’s most popular post, incidentally, was a retrospective, examining the events that caused bitcoin’s 70% drop from its December peak, but it contains clues in there regarding how to sell at the top – next time we get to the top.

Finally, there’s been a sliver of good news for traders concerned by whale-sized sell-offs further depressing prices: Mt Gox’ trustee has promised that his selling strategy has been designed to as not to affect the markets. That might be of scant consolation now, but when the markets begin to recover, as they surely will, this knowledge may help to soothe troubled souls. In the prison system, they say there’s only two days that count: the day you arrive and the day you leave. Similarly, there’s only two prices that matter with crypto: the one you buy at and the one you sell at. Everything in between is just noise.

What was your favorite story from this week in bitcoin? Let us know in the comments section below.

Images courtesy of Shutterstock, and Twitter.

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The post This Week in Bitcoin: Time to Build appeared first on Bitcoins Channel.

Peter Thiel Believes in the Future of Bitcoin as the Digital Gold of a New Era

3 hours 20 min ago

Venture capitalist Peter Thiel is a strong supporter of cryptocurrencies and would bet in bitcoin to be the “biggest” of its kind. The venture capitalist is known being a long-time supporter of bitcoin. After stressing the potential of cryptocurrencies at a conference during October 2017, Thiel has followed up with strong conviction that echoes bitcoin maximalists.

According to CNBC, the former Trump advisor and early Facebook investor, was willing to bet on bitcoin as it is the biggest cryptocurrency, meaning that the digital currency is the strongest of its kind with about 42 percent of the total market share according to CoinMarketCap. Thiel is betting on bitcoin not only for its size but for the possibility that it can become a gold-like asset. On March 8, during a consultation at the Economic Club of New York, Thiel said:

“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest.”

However, the financial expert’s optimism does not come without alarm as Thiel stressed, “I’m not sure I would encourage people to run out right now and buy these cryptocurrencies.”

Bitcoin as a Gold-like Asset

Thiel pointed out to the fact that as a means of exchange, bitcoin is too “cumbersome,” but as that it could perfectly act as a store of value. He said that he backed the idea of bitcoin becoming a “store of value instead of a go-to currency for daily transactions.”

PayPal’s co-founder revealed that he saw bitcoin as a gold-like asset of some sort that could be easily traded. Thiel stated:

“I’m not talking about a new payments system. It’s like bars of gold in a vault that never move, and it’s a sort of hedge of sorts against the whole world going falling apart.”

Bitcoin Can be Exceeded

The venture capitalist also commented on the future of Bitcoin stressing that there’s a chance some other competitor such as Ethereum could end up taking its place. He also stated that other developments down the road may introduce better and more innovative features which could easily sentence bitcoin to a slow death.

He also reckons that there is a 50 to 80 percent chance that bitcoin could end up being worthless, and another 20 to 50 percent chance it ends up going to new highs, “Probability weighted it’s good, and the question of how to time this I’m not going to try to do that precisely.”

In early January, the Founders Fund, a San Francisco-based venture capital firm investing in companies building revolutionary technologies directed by Thiel, bought about $15 million to $20 million of dollars in bitcoin. 24 hours after the report bitcoin’s price went rose by about nine percent.


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Markets Update: Bears Pull Crypto-Prices Near Last Bottom

4 hours 53 min ago

Cryptocurrency markets are still following a bearish pattern, leaving many digital asset traders uncertain. BTC/USD values have plummeted to levels not seen since the first week of February as the price per coin had touched a low of $7,325 on March 18. Moreover, the whole digital asset economy is suffering from losses as the entire cryptocurrency market capitalization has dropped to a low of $285Bn.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

How Low Can You Go?

Digital assets are touching some lows again as market values this week have dropped 50-60 percent for nearly every single cryptocurrency in existence. Values are down anywhere between 4-25 percent looking at the top 100 coins on Coinmarketcap, and only the controversial ‘stable coin’ tether remains unaffected. BTC trade volume is decent this weekend as volume picked up when the price touched $8,600 on March 16. Trading volume for BTC markets has been roughly around $4-7Bn every day for the past four days. Volumes surely look lower than this December, but analysts should also take into account the price per coin has halved.

The top five exchanges swapping the most BTC today includes Bitfinex, Binance, Okex, Bitflyer, and Huobi. Bitfinex trade volumes lead the pack with close to $500Mn over the past 24-hours. The Japanese yen is still dominating the BTC volume by currency as it captures 52 percent of trades today. This is followed by the USD (24%), tether (USDT 13.4%), the euro (3.5%), and the South Korean won (3.3%). The most popular trade on Shapeshift today is ethereum (ETH) for BTC.

At the time of writing 11:30 am EDT – BTC/USD average is $7,380. Technical Indicators

Looking at the weekly, daily and 4-hour charting signs still look uncertain and bearish for BTC/USD markets. The short-term 100 Simple Moving Average (SMA) is above the longer term 200 SMA, indicating continued bearish sentiment. For the first time in nine months, BTC/USD’s 50-day moving average has dipped super close to the 200-day moving average as well. The MACd is coasting along around -333 and both RSI and Stochastic oscillators are heading southbound, and the price will likely follow suit. Most traders think we may see a “double bottom” which means the cost per BTC could touch $5,900 again before a reversal. Others believe the price will only drop to the $7,200 level (the 78.6 Fibonacci retrace), and markets may change sentiment from there.

BTC/USD morning (EDT) trading sessions saw a low of $7,325.

Order books show some strong support up until the $7,150 range, and if BTC values break below that price region, a double bottom ($6K or lower) could very well be in the cards. On the flip side the sell walls up to $8K and higher are not too bad and could easily be broken, but the bullish volume is not there. If bulls can muster up some strength when the bears become exhausted, there will be pitstops at $8,100 and $8,600.

The Top Digital Assets Are Suffering from Price Declines

The top cryptocurrencies today are hurting and suffering from deep price wounds. The second largest market capitalization ethereum (ETH) has lost 18 percent today. The price per ETH is roughly $479 at the time of publication. Ripple (XRP) markets are down 11 percent, and one XRP is 0.58 cents per token. The fourth highest market valuation held by bitcoin cash (BCH) is down 9 percent as one BCH is around $881. Lastly, the fifth biggest market cap litecoin (LTC) is down 9 percent with one LTC trading at $142. BTC dominance is up to 45 percent amongst the all 1,564 markets today according to Coinmarketcap.

The top ten cryptocurrency market capitalizations.  The Verdict: The Bottom May be Near, But Most Traders Are Uncertain of its Exact Location

So many traders are calling out wild predictions all the way to lows around $2K per BTC. Many believe we are stuck in a descending bear channel that will stick around as long as 2014’s bear run did. The problem is many traders are uncertain as bullish signals are not appearing and bear flags are prominent. These speculators are looking at global regulations and the upcoming G20 meeting. Others believe the reversal will take place shortly, and we will go no lower than the $6K February dip or around the 78.6 Fibonacci retrace region.

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

Images via Shutterstock, Bitstamp, Trading View, and Coinmarketcap.

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The post Markets Update: Bears Pull Crypto-Prices Near Last Bottom appeared first on Bitcoins Channel.

Fake Tax Collectors in Australia Demand Bitcoin as Payment

5 hours 24 min ago

The Australian Taxation Office (ATO) released a warning to the public to take caution as scammers are issuing fake tax debts and demanding payment in cryptocurrencies.

While the ATO issued a statement on March 14, assistant commissioner Kath Anderson noted that scammers had defrauded taxpayers with this new payment method since late 2017.

“We became aware of scammers seeking payment in bitcoin last year,” said Anderson. “So far we have seen over A$50,000 (approximately $39,000) paid in bitcoin to scammers claiming fake ATO tax debts.”

Unfortunately, scammers are quite innovative in their approaches to trick others. It was therefore inevitable that fraudsters would target cryptocurrency given its rise in value, popularity, and anonymity.

The ATO has, however, made it extremely clear that cryptocurrency is not a recognized method of payment. In the press release, the ATO provided a link and listed information on legitimate forms of payment at the end of the statement which included BPAY, credit and debit cards, and other options including bank transfers.

Increase in Cryptocurrency Scams in Australia

Although fake tax debts are on the rise, the ATO appeared helpful and proactive. They mentioned that residents who are uncertain about a tax demand could contact the organization for confirmation. Any form of legal action and calls threatening police would not be from the ATO.

Other Australian organizations such as the Australian Competition and Consumer Commission (ACCC) during ABC’s current affairs program, also warned the public about the increases in cryptocurrency related scams in 2017. On November 1, 2017, ACCC’s website Scamwatch informed the Australian public through a tweet that, 77 bitcoin-related scams that occurred during October 23-29. It was in fact, a 126 percent spike from the previous week.

Here’s a snapshot of current and emerging scams targeting Australians, based on reports to Scamwatch last week

— Scamwatch_gov_au (@Scamwatch_gov) November 1, 2017

In total, the ACCC received 12,389 complaints in 2017 regarding cryptocurrency scams with over A$1,218,206 (approximately $950,000) lost to scammers and fraudsters.

Cryptocurrency Scams in Canada and the US

Similar scams are also present internationally, especially in Canada and the US. According to CBC, fraudsters pretended to be employees of the Canada Revenue Agency and threatened Canadian citizens with their unpaid taxes. The scammers profited C$340,000 ($267,000) with their fake tax debt. Unfortunately “cryptocurrency operates in a virtual world, and once the scammers receive payment, it’s virtually impossible to get it back,” said Anderson.

In the US, a similar scheme emerged concerning the Commodity Futures Trading Commission (CFTC). The CFTC, therefore, released a report, warning investors to be

“cautious of sales pitches touting IRS approved or IRA approved virtual currency retirement accounts.” Although the Internal Revenue Service (IRS) does not approve or review investments for retirement accounts, “businesses have been known to use false claims or by painting virtual currencies as less risky because they can be used for retirement saving.”

Regulators Taking an Active Role

Like the ATO, the CFTC is taking an active role in regulating cryptocurrency-related activities. The CFTC became increasingly aggressive about prosecuting cases of cryptocurrency fraud towards those who have misappropriated funds, preyed on vulnerable customers or are simply committing acts of fraud.

Although the cryptocurrency industry has a reputation for scams and fraudulent schemes, from crypto-jacking to illegal investment schemes and fraudulent exchanges, the increase in scams will force regulators to increase their watch and scrutiny towards any form of crypto-related fraud.


The post Fake Tax Collectors in Australia Demand Bitcoin as Payment appeared first on Bitcoins Channel.

Signals Network ICO Review

6 hours 26 min ago

So, from the very jump, the author decided to visit the Signals Network website and see what they have available thus far on the sign-up, just to see if they have a working product.

Once the registration was successfully completed, we logged onto the website and was taken to the ‘marketplace’:

Here are a couple of screenshots (hopefully in high enough resolution to see what’s going on).

Above is one of the strategies labeled as ‘Bollinger Bands.’

Overall, the strategy doesn’t appear to be too terribly effective with a win rate of 38.74 percent and a loss rate of 61.26 percent.

It looks like one can choose which securities can be traded using this strategy. The author is a bit skeptical about the efficacy of the strategies that have been presented – but we’re assuming that in the ‘alpha’ mode, these are just filler strategies to give folks a feel for how the marketplace would ultimately function once the website is up.

Out of all the features, these are the only ones that are currently available for individuals to view at the present moment.

Another fundamental question worth pondering is whether this would rank supreme over the cryptocurrency signal finder that’s available on TradingView:

While one can’t backtest this strategy, per se, it wouldn’t be particularly difficult for one to do so.

The author also wonders where the machine learning portion of this whole thing comes into play, but we’ll get into that a bit later.

So, let’s take a look at the whitepaper, shall we?

This next excerpt, in essence, also describes the gist behind what the Signals Network does:

So, more or less, they look at exchange data (prices, etc. of all coins), allow you to select between a host of indicators and choose which parameters you want to set for each. The gist I’m getting is that they also allow you to integrate the ‘machine learning’ aspect into the indicators that you choose.

I find that last bit of information interesting, however, because machine learning, in itself, especially when applied to markets, is a process that takes a LONG time. The coding of the indicators is something that’s relatively rudimentary when looking at the grand scheme here.  

Here’s a really good Medium article that explains the concept of machine learning algorithms in greater depth.  

This information is law when it comes to creating viable machine-learning algorithms, and it is one of the main reasons why creating a viable machine-trading algorithm is something that requires weeks of testing before a viable strategy for entry and exit can be produced.

So, Does That Mean This Whole Thing is Bunk?

No. It just means that the reliability of the strategies that one creates on this platform can’t be determined based on historical data alone. It needs to be tested against live data in order to ensure that the trading algorithm hasn’t become ‘stale.’


Imagine if you created a strategy for trading the stock market in the 70’s. The mentality and culture of the United States (the country we’re looking at in this example), is entirely different than today. In the same way, the sentiment and the atmosphere in the cryptocurrency markets in June 2017 or December 2016, is entirely different than what it is now, at the time of writing, in March 2018.

Other Important Information  
  • It is an ERC20 token.
  • This is their Telegram.

Now, these aspects of the program could be useful – minus the ‘custom indicators’ portion for the reasons that we’ve mentioned above regarding the machine learning based on the prior historical data.

This is more important information that’s within the whitepaper as well. One of the more important aspects of this whitepaper right here is the fact that they’re working with iExec.

Here’s a little bit of information regarding them.

We’ll dig more into that a bit later.

Their Business Model

Source: Signals Network Whitepaper

What Exchanges Will They Be Released On?

That was an administrator from their official Telegram that the author spoke with. It remains to be seen whether those plans will come to fruition or whether they stated that to simply pacify me in the chat. Take everything with a grain of salt.

Based on this, there appears to be some interest in the token for sure.


This probably is a fairly solid investment in the short-term (from ICO to actual launch on the exchanges). The author does not anticipate that it’s going to last too far into the long-term, but it should definitely be a viable investment if you can get in early enough on the ICO.

Disclaimer: Investing in cryptocurrencies and ICOs carries a lot of risk. BTCManager does not endorse this ICO in any way. The opinions stated here are the author’s and do not represent the views of BTCManager. The author has not invested in the Signals Network ICO.


The post Signals Network ICO Review appeared first on Bitcoins Channel.

Binance to Hold $1 Million Dexathon For Decentralized Exchange

8 hours 30 min ago

Hackathons existed long before the emergence of cryptocurrencies and blockchain technology. They typically were events of varying duration where tech minds gathered around to brainstorm ideas and proffer solutions to nagging issues in their industries. However, like almost everything in the world of tech and finance, blockchain technology is causing a revolution.

A Growing Trend: Collaborative Problem-Solving

There has been an explosion of blockchain hackathons within the past two years. Many have been in the form of contests that invite individuals or teams to participate in developing cutting-edge blockchain technology solutions.

BTCManager has previously reported on blockchain hackathons organized by Coinbase, Hyperledger, B2X, and IIT Kharagpur, one of the leading technical institutions in India.

Binance, the cryptocurrency exchange platform giant is set to become the next blockchain enterprise to organize a hackathon. This development was made known via a post on the company’s Medium account on March 16, 2018. The hackathon, dubbed the Binance Dexathon, aims to facilitate the development of the company’s own decentralized exchange (DEX) platform for cryptocurrency trading.

#Binance Dexathon#Decentralized Exchange #Coding #Competition

— binance (@binance_2017) March 16, 2018

Binance already runs one of the largest centralized cryptocurrency exchange platforms in the world. Now they’re looking to develop a stronger relationship the crypto community at large.

Details of the Dexathon

The Binance Dexathon is primarily a coding competition which seeks to encourage talented programmers and blockchain specialists to submit implementation protocols that would enable the creation of a fully functioning DEX. The total prize money for the hackathon is $1 million to be paid in BNB tokens, the native cryptocurrency of the Binance crypto exchange platform.

In its bid to build a robust-functioning DEX platform, the company is adopting an “all-hands-on-deck” approach by soliciting and accepting external prototypes to complement the internal R&D being done at the company. While announcing the Dexathon, the company detailed a number of relevant parameters that the DEX prototype must possess. Many of these parameters were based on the core issues that have been affecting the functionality of already existing DEX platforms.

To those looking to participate in the Dexathon, the company has said that they should put more focus on simplicity and speed, rather than on fancy features that can hinder user experience. The prospective participants have also been asked to develop their protocol implementations without using virtual machines, Turing complete programming languages, and smart contracts.

Participants can choose to create their protocol implementations from scratch or fork an existing blockchain implementation and add in the necessary modifications. Participants that decide to take the fork route must ensure that they are not in violation of any copyright or licensing laws.

DEX Implementation

It is expedient to point out that are some DEX platforms that already exist. However, the overwhelming consensus is that these platforms are difficult to use when compared to their centralized counterparts. Issues relating to limited liquidity, lack of intuitive systems, and order books that don’t include a wide variety of digital assets have hampered the popularity of many DEX platforms.

Despite these issues, there is still a great deal of effort being put into developing fully functional DEX platforms. This focus is because Binance, Coinbase, Kraken and the other popular cryptocurrency exchange platforms are all centralized. The centralization of exchanges means that traders/investors have to entrust their funds, crypto, and fiat, to third-party intermediaries in order to trade digital assets, coins, or tokens. This irony is in stark contrast to the underlying philosophy of the blockchain, which seeks to eliminate intermediaries from commerce.

There is also the issue of centralized exchanges being vulnerable to hacking as has been seen in a number of high-profile cryptocurrency hacks. The DEX platform is thought to offer more robust security options.

Bitcoin is the most secure financial network on the planet. But its centralized peripheral companies are among the most insecure.

— Nick Szabo⚡️ (@NickSzabo4) June 18, 2017

Interested participants in the Binance Dexathon have until June 30, 2018, to submit their entries. Teams who submit before the deadline can continue to modify their submission up until the competition’s deadline. Binance may also offer member(s) of the winning team(s) employment. University teams are also encouraged to apply as any qualifying university team will be given a $10,000 grant regardless of whether they win an award during the competition or not.


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Venezuela Recruiting Citizens to Mine Cryptocurrencies

9 hours 2 min ago

Venezuela is calling for its citizens to build cryptocurrency mining farms throughout the country. The government has set up a crypto mining program which president Nicolas Maduro hopes will attract at least 1 million people such as university students, the unemployed, single mothers and the homeless.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Maduro Seeks Crypto Miners

The president of Venezuela, Nicolas Maduro, has launched a program to encourage citizens to set up mining farms throughout the country. Speaking in Caracas, he said young people should be “infected with courage” and set up “cryptocurrency farms throughout Venezuela,” Telesur reported this week.

Maduro speaking at Chamba Juvenil.

This program is called “Plan Chamba Juvenil Digital (Youth Digital Work Plan),” the news outlet added, noting that registration for the program opens on April 15 and the government hopes that “the program will attract at least one million students.” Maduro tweeted:

Attention, young people!…Today Chamba Juvenil Digital emerges to allow youths to form cryptocurrency farms that can mine world currencies. Because Venezuela does not give up!

The head of state elaborated, “The program was designed to help incorporate young people – including university students, the unemployed, single mothers and the homeless – into working life. It is also expected to provide employment opportunities to recent graduates.”

Venezuela Building Crypto Mining Farms

Venezuela’s youth minister Pedro Infante said at a press conference on Thursday that 24 cryptocurrency mining farms will be built to boost training in the area of cryptocurrencies, according to El Ciudadano. The minister further revealed that his government has approved 96 billion bolivars (~USD$2.9 million) for the creation of these mining farms.

The project was created to “guarantee the incorporation of young people in the labor sector, and has set a goal of 1 million men and women under 35 in this program,” the publication detailed. Infante described that young people make up 60% of the population in Venezuela, 879,000 of which have joined the employment program. The news outlet noted:

Among the 23 provinces of Venezuela, Zulia (West), Miranda (North), Carabobo (North Center), and Lara (Center) are the states with the largest participation of young people in this program.

The Venezuelan government opened a school in February to teach its citizens about cryptocurrencies including mining.

According to local publications, Venezolana de Industria Tecnológica (VIT) will be assembling mining rigs for installation throughout Venezuela, Ultimas Noticias cited VIT president Jorge Michainaux explaining. “He indicated that the company will work on the creation of the petro container, which are portable centers for mining,” the news outlet wrote, adding:

Maduro said that the objective is to strengthen the use of cryptocurrencies as part of an economic revolution to democratize the international financial system…they will have the petro and all the cryptocurrencies [such as] ethereum [and] bitcoin, but also the new cryptocurrencies that are being created in the world.

Strengthening the Petro

According to Telesur, Maduro hopes that these cryptocurrency mining farms will “strengthen the petro.” However, the new Venezuelan digital currency itself is pre-mined. “At the beginning of the [petro] pre-sale process, the entire issue will be in the digital portfolios of the Republic,” the currency’s whitepaper states.

The pre-sale of the petro supposedly began on February 20. Maduro claimed that it has “generated over US$5 billion during its pre-sale period and, as of March 10, had recorded more than 186,000 certified purchases,” Telesur conveyed.

Tareck El Aissami.

On Friday, Venezuela’s vice president Tareck El Aissami presented the Draft Constituent Law of the Petro before the National Constituent Assembly. However, the National Assembly has repeatedly spoken against this new currency, declaring it illegal and against the constitution of Venezuela.

What do you think of Venezuela recruiting young people to build cryptocurrency mining farms? Let us know in the comments section below.

Images courtesy of Shutterstock and the Venezuelan government.

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The Bank of Lithuania looking for developers for its blockchain platform

9 hours 32 min ago

The Bank of Lithuania, the nation’s central bank, is looking for software developers from around the world for the development of a service-based blockchain platform LBChain.

According to the official announcement, the platform introduced by the Bank of Lithuania, would help Lithuanian and international companies gain knowledge and carry out blockchain-oriented research, thus adapting and testing blockchain-based services in the financial sector.

Marius Jurgilas, Member of the Board of the Bank of Lithuania, announced that software developers have already shown considerable interest in LBChain.

“Created by a financial market regulator, it is one of the first platforms of its kind, offering a unique chance for businesses to trial and implement their state-of-the-art fintech innovations to bring benefits to both consumers and the financial system,” Marius Jurgilas noted.

The Bank of Lithuania has already launched its pre-commercial procurement and issued a call for tenders to develop the LBChain platform-service.

It is expected that the project will enter its implementation stage this summer, accelerating the development of FinTech businesses and reinforcing their eagerness to set up in Lithuania.

Development of a FinTech-conducive regulatory and supervisory ecosystem as well as innovation fostering in the financial sector is one of the Bank of Lithuania’s strategic directions. In autumn of 2017, the Bank first issued initial coin offering (ICO) guidance, thus getting involved in the blockchain space.

Earlier this month, Lithuania’s central bank announced that it is planning to issue the world’s first digital collector coin, which will be designed using blockchain or other equivalent technologies.

In addition, in May the Bank will be organizing a hackathon, bringing together tech companies and IT professionals from around the globe.


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Guns N’ Roses Drummer Uses Crypto to Change Music Industry

10 hours 5 min ago

Rock and Roll Hall of Fame drummer Matt Sorum, formerly of Guns N’ Roses and Velvet Revolver, is lending his name and experience to a new crypto funding project, Artbit, in an effort to eliminate the age-old middle-person between artists and consumers.

Also read: Since Embracing Bitcoin, Robinhood App Value Jumps to $5.6 Billion

Former Guns N’ Roses Drummer Matt Sorum Wants Artists to Get Paid What They’re Due

Rock and Roll Hall of Fame drummer Matt Sorum explains, “My interest is in cutting the middleman. That’s been something on artists’ minds for years. There’s all these people you got to pay along the way. With blockchain, imagine if you bought a song online for 99 cents and that money was automatically distributed straight to all the contributors—the producer, all the writers of that song. With this technology, the money can go into everybody’s wallets automatically, it doesn’t go into a bank account where somebody’s making all that money and interest,” he told Yahoo Finance.

It might be difficult to understand how much has changed in such a small period of time for the music industry. For most of pop music’s history, distribution has largely been based on government licensed radio stations. A cartel arose, similar to the taxi industry, as coveted licenses were purchased, and in tandem a label industry emerged alongside. The two worked hand-in-hand through payola to essentially make contrived markets.

Matt Sorum (top, left)

The same then extended to the concert circuit, as both radio stations and labels began to siphon profits due almost entirely to limiting artist availability and access. The system, in more or less this form, lasted until the mid 1990s. A shot at hearing a struggling artist, someone listeners might love equally or more than label-approved products, was near zero – labels, radio stations, concert promoters, and later Music Television (MTV) had a very lucrative lock.

With the advent of peer-to-peer file distribution over the nascent internet, the industry’s foundations shook to their core. And in 2018, for sure the music industry as described above still exists in some form, but it is a shadow of its former self. Mr. Sorum has a unique perspective in this regard. He’s lived through the old system, succeeded wildly in it with bands such as The Cult, Guns N’ Roses, and Velvet Revolver. He’s lending his stardom and experience to a payment and concert hosting project called Artbit to finally end that system.

Eliminating the Middle-Person

“This whole crypto economy, this is the future. To me it’s like the new rock and roll… Cutting out the middleman, they’ve done it with Airbnb, they’ve done it with Uber. The community is running the world now. Direct source. Traditionally what’s happened in music for decades is that the artist is the last guy to get paid. At Artbit, we’re going to make it the first guy to get paid,” Mr. Sorum said.

Artbit is built on top of a distributed ledger platform, Hashgraph, a controversial blockchain replacement. It’s a way to bring smart contracts to the music industry and beyond. Mr. Sorum’s hope is to create what the company refers to as “curatorial public,” essentially eliminating an intermediary. How that is exactly accomplished is still fuzzy, but the company explains artists are to be paid automatically, directly. Using a wallet, no intermediary between artist and consumer, transactions are peer-to-peer.

Mr. Sorum stresses, “As we all know, platforms like Spotify, only a very small percentage of artists can even make money on that. Any new or young artist has really got to work really hard to even get on the front page of a platform like Spotify—and even at that point you can’t really monetize your art. With Artbit, we’re going to have direct access, people are going to be able to get online right away, not be served a bunch of ads, and have a direct community to be able to monetize their craft now, with no middleman, direct payout, with a wallet, with crypto, and a community that’s safe and secure, powered by Hashgraph.”

If all goes well, the company plans to expand and include some version of a tokenizing initial coin offering (ICO). It’s a gutsy move in this regulatory environment, as the US Securities and Exchange Commission has been particularly aggressive regarding ICOs and especially those with celebrity endorsements (street artist Shepard Fairey is an advisor to the project as well). Artbit expects to formally launch later this year. And while it’s not exactly a trend, it also isn’t a new idea: underground label Arena experimented with a similar format, and India’s Ziro Music Festival also gave crypto a try last year.

What do you think about Mr. Sorum’s project? Let us know in the comments!

Images via Pixabay, Artbit. 

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Bitcoin Chart Analysis March.18

11 hours 6 min ago

Over the past 24 hours we’ve seen Bitcoin breaking down the trend line at $8100, down to support area at $7600. This looks almost the same trend line which got broken at $9000 on Mar.14, just 4 days ago. The overall pattern is creating lower highs – which indicates on a bear market.

For the very short term, we might see a correction (Scholastic RSI has crossed and is at its low values) towards the long-term descending trend line at around $8,000-$8,200. But overall, like mentioned here before, we might test the $6,800 support and from there the way to the February 6 low at $5,900 is pretty close.

The market feels the uncertainty of the upcoming G20 crypto talks that might have significant influence.

BTC/USD BitFinex 4 Hours chart


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Crypto Miners to Turn Off Rigs during Earth Hour

11 hours 7 min ago

Crypto miners have been invited to join this year’s Earth Hour campaign by turning off some of their hardware between 8:30 and 9:30 pm on March 24. The initiative to take part in the WWF’s annual event comes from the Russian crypto community. The “Crypto Hour” organizers hope to focus attention on the need for eco-friendly blockchain technologies.   

Also read: GPU Shortage Hinders Scientific Research – Cryptocurrency Miners Blamed

The Crypto Hour

The “Crypto Hour” will take place within the World Wildlife Fund annual event known as the Earth Hour. The WWF campaign encourages people and businesses to turn off electric lights for one hour each year, usually in the last days of March. This year miners from Russia and around the world have been invited by Russian mining and blockchain experts to do the same – switch their equipment off at exactly 8:30 pm on March 24.

By joining the initiative, crypto miners will demonstrate their social responsibility and commitment to caring for the planet, the organizers told Rambler. They hope “Crypto Hour” will make them think about how to greenify the blockchain technologies they work with.

According to some estimates, the bitcoin network consumes up to 50 terawatt-hours of electricity a year, and the rate is increasing. On top of that, mining cryptocurrencies releases a lot of heat. Cooling the powerful specialized hardware requires more energy.

The organizers of the “Crypto Hour” will urge authorities to create an “eco mining map” showing locations where mining farms can be built close to renewable energy sources. They will insist on taking measures to stimulate the flow of investments in eco-friendly mining projects in the Russian Federation.

“We are calling for the development of systems that utilize the heat generated from mining, and the implementation of less energy-intensive distributed ledger technologies”, said Petr Dvoryankin, founder of Cryptolife, an international network of digital assets investors. Dvoryankin, who is one of the organizers of “Crypto Hour”, is a member of the expert council in the Duma working on the legal framework for the country’s fintech sector.

With cheap electricity and cold climate, Russia offers good opportunities to conduct profitable crypto mining operations. The country’s power generating facilities can produce 40% more electricity than what the local market needs. Improving energy efficiency, in both households and companies, remains a major challenge for Russia’s economic development.

The Earth Hour

This year’s Earth Hour is between 8:30 and 9:30 pm local time, on March 24. The event started in Australia in 2007. Now it’s held annually in more than 7,000 cities around the world. It symbolizes the commitment of individuals, communities, businesses and organizations to the planet and its future.

The motto of Earth Hour 2018 in Russia is “Vote for Nature”. The campaign is raising awareness about conservation issues like the protection of natural reserves, the development of alternative energy sources, the introduction of separate collection of waste and its recycling. Participants are invited to vote for the most important environmental initiative.

The 2018 event is expected to be the biggest to date. According to preliminary estimates, 30 million Russians will take part in the campaign this year.

Do you think that many crypto miners will join the “Crypto Hour” initiative? Share your expectations in the comments section below.

Images courtesy of Shutterstock.

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BTC Prices Below $8K Could Spell Disaster for Bitcoin Miners

12 hours 9 min ago

According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at a loss.

Also Read: New York Power Companies Can Now Raise Rates for Bitcoin Miners   

Break Even Revenues and Losses

The price of bitcoin and several hundred other cryptocurrencies are suffering from the largest drop in value in well over a year. 2017 turned out to be a phenomenal run the entire year but after the new year, things started looking quite bearish. BTC’s value, in particular, is hovering just above the $7,500 zone at the time of writing and at that global average some miners are mining bitcoin at break-even costs or even running operations at a loss.

Fundstrat’s Tom Lee explains his team has devised a model that incorporates multiple factors including equipment cost and performance, electric costs, and other types of overhead. The Fundstrat research report explains:   

Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team.

The price of BTC on March 17, 2018, 11:20 pm EDT. Competing With China Means 4 Cents or Less

The research model is based on a global average of six cents per kilowatt-hour. There are definitely some areas in the world such as China that offer far cheaper electric rates. China’s rates for power can be 4 cents or less per kilowatt-hour. Other regions in the world that offer cheaper methods of power production like hydropower can also offer competitive rates as well.

BTC fees per transaction.

There are also other reasons involved with the loss of BTC mining revenue besides the 60 percent drop in value. Fees have dropped per transaction as well which is another form of revenue for miners. Back when the price was around $18-19K fees were also astronomical as the average median transaction fees were upwards of $30-40 USD per 226-byte transaction. The average BTC fee has been relatively lower as today on March 17 is $1 per transaction according to Bitinfocharts. According to charts mining revenue peaked on December 15 one day before BTC touched a global average of $19,600 USD.

Miner revenue. 25 Exahash: Far More Miners Have Skin in the Game

The last time BTC miners suffered from break-even prices and even losses was around January 2015 when the cryptocurrency started climbing above $200 per coin. Coincidently it marked the end of the year-long 2014 bear run when BTC was named “worst currency of the year.”

25 exahash per second

Things were a lot different then as there weren’t as many miners vested in the game back then as the network was operating at less than 1 exahash per second. Lots of miners have skin in the game now as the BTC network has exceeded 25 exahash and the average lately is usually 20. Lee’s model details that if miners see prices around $3-4K per BTC then a lot of miners will likely be forced to shut machines down.

What do you think about miners breaking even or suffering losses? Let us know what you think about this subject in the comments below.

Images via Pixabay, Bitinfocharts,, and GDAX. 

At 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.


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Halong Mining Releasing DragonMint X1/X2 Cryptonight ASIC Miners

14 hours 12 min ago

We are not surprised by the announcement from Halong Mining about their new DragonMint X1 and DragonMint X2 Cryptonight ASIC miners as the company had already mentioned on twitter a few days ago that they will be releasing such miners. The Halong Mining DragonMint X1 miner should be capable of 124 KH/s hashrate with 245W power usage, costs $1714 USD with a power supply and should start shipping in April 25-30. The more Halong Mining DragonMint X2 miner, as the name suggests, should be offering double the performance or with other words 248 KH/s at 490W of power usage at a slightly better price than ordering two X1 miners – $3115 USD with a power supply and shipping should also start by the edn of next month (April).

This offer is more like a real competition to Bitmain’s X3 Cryptonight ASIC miners performance wise and at a much better price and shipping earlier. What is there not to like in some real competition on the Cryptonight ASIC miners, but then again these devices might also end up as expensive door holders as well by the time they start shipping. With Monero (XMR) and other Cryptonight-based crypto currencies announcing plans to fork to a new version of the algorithm that should make them ASIC proof again things are not looking very favorable for ASIC miners. So again a word of warning if you are interested in the recent wave of Cryptonight ASIC miners, be extra careful when making your plans should you decide to order any of the miners already available or coming soon to the market.


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Lawsuit Challenges Google’s Ban on Crypto Ads in Russia

19 hours 24 min ago

A lawsuit has been filed against Google in Russia after the company announced restrictions on cryptocurrency-related ads. Entrepreneur Vladimir Orehov demands a 2 billion ruble compensation from the Russian Google entity ООО «Гугл». He claims the ban will deprive him of opportunities to invest in crypto projects and find investors to fund his own business initiatives.  

Also read: Ukraine to Legalize Crypto Mining as Economic Activity

Foregone Earnings

Google’s decision to impose restrictions on the advertisement of cryptocurrencies and related content has triggered a legal action in the Russian Federation. A local businessman has filed a lawsuit against the Russian-registered Google entity ООО «Гугл», Vedomosti reports. Vladimir Orehov claims he is missing business opportunities and possibly losing money. He insists on receiving compensation for his foregone earnings to the amount of ₽2 billion RUB (almost $35 million USD).

The Russian crypto entrepreneur says the ban will deprive him of opportunities to invest in crypto projects and also find other investors willing to support his business plans. Orehov wants to be compensated for the “moral damage” caused by the ban and insists on its lifting. The lawsuit has been filed with the Zamoskvorechye District Court. Its press secretary confirmed the claim has been registered on March 15.

Earlier this week, Google announced it was planning to restrict ads of cryptocurrencies and content related to initial coin offerings, cryptocurrency exchanges, wallets, and crypto trading advice. The new rules should be implemented by June, 2018, as reported. The policy change comes weeks after Facebook issued its ban on crypto ads.

Vladimir Orehov says he invests in cryptocurrency projects and has his own ideas which need funding. The Russian has been developing a network of crypto ATMs, with a decentralized exchange, a mobile wallet and a crypto payment system. He actually planned to conduct an initial coin offering with a pre-sale in June. Orehov hoped to attract a total of $2 million dollars through his ICO.

The entrepreneur complains he has lost access to potential investors “overnight” because of the impending ban. He says the restrictions on ICO ads deprive him of useful information about other businesses conducting token sales. That, he insists, leads to missed opportunities for “promising investments” and will affect his income in the future. Vladimir Orehov thinks the ban is illegal and violates his right to access information.

No Rush to Copy Google

The news about the legal action in Moscow comes after calls in the State Duma against restricting cryptocurrency ads. The first Deputy Head of the parliamentary Legislation Committee, Mikhail Emelyanov, thinks banning crypto ads is not worth it. Despite his own mistrust of cryptocurrencies, the lawmaker believes people should have the right to make choices.

That’s why I wouldn’t rush to copy Google and take such decisions.

Many people will be deceived, but that does not mean crypto advertising should be completely banned, Emelyanov said, quoted by Innov. “We shouldn’t ban everything all the time. People have heads on their shoulders and the right to choose”, he stated.

Nevertheless, the Russian deputy warned crypto investors they need to understand the consequences and shouldn’t line up in front of government institutions in case of a failure.

Do you think the Russian lawsuit against the ban of crypto ads on Google has any chance of changing the company’s decision? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

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Meet Tim Draper and Michael Arrington at the Global Blockchain Forum

Sat, 03/17/2018 - 23:42

Learn about the best investment strategies and changes blockchain is bringing about.

Presentations by Silicon Valley Titans

The event will take place on April 2 to 3, 2018, at the Santa Clara Convention Center. Tim Draper (world-famous venture capitalist, founder of Draper Associates), Michael Arrington (founder of TechCrunch and XRP Capital) are among the speakers.

Other business leaders both inside and outside Silicon Valley will be examining the myriad impacts blockchain can have beyond banking and crypto-currencies.

From health care to autonomous vehicles blockchain is likely to change how much of the business of the world runs. Expert panels will be giving their thoughts and explaining strategies to take advantage of the new legal structures that are now available.

From investigating the current state of ICOs to predictions on the social impact to potential changes in how we govern ourselves blockchain enabled technologies offer a variety of opportunities.

The Forum will feature panel discussions, networking sessions, and a VIP party.

This is a great opportunity to listen to practitioners such as Vinny Lingham from Civic, Edith Yeung from 500 startups, Eric Ly from LinkedIn and many more.

With over 50 speakers and 2,000 attendees from many of the most active blockchain companies in Silicon Valley, the Global Blockchain Forum will be an exciting event for thinkers, makers, and doers in the financial and technology industries.

Further information about the conference and links to register can be found at the GBForum website.

This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager 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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