June 2018


This Company Helps Bitcoin Millionaires Unleash Their Fortunes

Dave Carlson recently wanted to borrow about $1 million to fund operating expenses at Giga Watt, his cryptocurrency-mining operation based in East Wenatchee, Wash. The mining, which generates new units of cryptocurrency using specialized computers, requires vast amounts of electricity; Carlson said he spends about $250,000 a month on power. He could have exchanged some of his crypto for cash, but he didn’t want to miss out on future surges in value.For Carlson and other cryptocurrency investors, this is the conundrum: They may be millionaires, but very few businesses accept bitcoin, Ethereum or other digital currencies. People who own crypto typically exchange it for U.S. dollars to make purchases, missing out on potential value increases, paying hefty fees or incurring capital-gains taxes.


An Alpine Bitcoin Bunker Wants to Be Your Next Swiss Bank Account – Bloomberg

One of Switzerland’s best-known Bitcoin speculators is betting he can attract more traditional money to the secure Alpine bunker that houses his cryptocurrency stockpile.Niklas Nikolajsen and former UBS Group AG investment banker Philipp Vonmoos have set up a venture called Swiss Crypto Vault that aims to lure ultra-high net worth individuals and institutional investors with its “deep underground storage, state-of-the-art encryption, multi-signing authorization processes and many more security features.” The storage space is available for clients starting Wednesday can handle various cryptocurrencies including Ether and Litecoin, Bitcoin Suisse said in a statement.Bitcoin Suisse, the cryptocurrency broker Nikolajsen founded, moved its own hoard of electronic currency and client holdings to the bunker, the two entrepreneurs said in an interview in Zug, the canton near Zurich that’s home to hedge funds, crypto firms and commodity traders.“Many banks already have important clients where they simply cannot say no when they ask about crypto investments and crypto financial services — that’s when banks get in touch with us,” Nikolajsen said, adding that Bitcoin Suisse already has about 10 lenders as clients and more than 10,000 relationships overall.


John McAfee on Twitter: “A serious message.… “

Cyber security legend, John McAfee had been hospitalized for a couple days, from what he believes to be a poisoning/assassination attempt on him.
Now recovering at his home, McAfee posted a video tweet, rallying everyone to continue developing and supporting the blockchain/cryptocurrency space and all the accomplishments made to this date.
 



Circle: Client Base Grows As Bitcoin Collapses

Crypto finance startup Circle isn’t hurting after bitcoin’s recent plunge. In fact, the company has seen a surge in hedge funds and other major investors joining its platform.According to CNBC, the Goldman Sachs-backed company said that month over month it had a 30 percent boost in new clients and was doing 15 times more transaction volume each day than a year ago. This is despite the fact that bitcoin has plummeted more than 50 percent this year.To keep up with the volume, Circle just announced that it was making “Circle Trade” automated so investors can place orders without having to talk to a person.“In May, which was a challenging month, we saw a sharp increase of unique new counter-parties,” Circle founder and CEO Jeremy Allaire told CNBC in a phone interview. “A lot of folks on the institutional side are on-boarding, and getting their ducks in the row.”Until recently, Circle employees would have to manually quote a price over an instant messaging platform such as Skype, then authorize those trades. Now the platform, which facilitates around $2 billion in trades every month, will be able to handle orders and settlements through an automated process.


Inside the mysterious Bitcoin hash that shook up the cryptocurrency community

#00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4aYou know how geeky the cryptocurrency community is, when this is the trending hashtag on Twitter.This long sequence is a ‘block hash’ — a cryptographic number that is produced when new transactions are validated and written on the Bitcoin blockchain. This particular hash belongs to block number 528249 created on Tuesday.Usually, no one is excited about block hashes — but there was something very peculiar about the sequence that threw the whole community into a frenzy.This was the presence of “21e8” in the middle of the string after the zeros end.“E8 Theory” is a theory in physics that attempts to describe all fundamental interactions in the universe such as gravitational, nuclear and electromagnetic forces. The theory was proposed by Antony Garrett Lisi in his paper “An exceptionally simple theory of everything” in 2007.The theory is not yet proven — and for the most part was never taken seriously by ‘mainstream’ physicist. But some cryptocurrency enthusiasts are reading between the lines to pitch their own conspiracy theory.


Is QuarkChain the long awaited Ethereum Killer?

QuarkChain (QKC) is one among the latest players among blockchain which has the vision of creating a secure and immensely scalable blockchain, with the potential to manage 100,000 transactions per second, with the help of a dual layer blockchain system….


Blockchain is likely to advance the internet of things—and robot rights.

On March 6, 2016, a small drone belonging to the open-source software company Drone Employee lifted into the Russian sky, traveling across an open field of white snow. Drone flight is relatively unremarkable today, but this particular drone wasn’t controlled by anyone. Brought to life by a predetermined agreement, or “smart contract,” running on the Ethereum blockchain, the drone’s engines powered on and it lifted itself into the air, taking a flight path dictated—only and exclusively—by code. The smart contract controlled the drone’s trajectory, without the need for a middleman with a remote to manage the device. Once started, the code governing the drone could not be stopped. If the smart contract had directed the drone to fly into a building or to head straight for a person, there would be no way for anyone to change its direction or stop the flight without physically disabling the drone or modifying the blockchain.


Crypto responds to the Bank of International Settlement’s bitcoin report

To bitcoin adherents, bitcoin and other cryptocurrencies are still a work in progress. Yes, its energy usage is an issue but it’s one that developers are aware of any trying to solve.One blockchain professional I spoke to on Thursday compared the BIS report to saying the world would be in trouble if a baby was put in charge. Babies tend to grow up before they are given any responsibility and crypto developers are hard at work helping bitcoin and other digital currencies grow up.”I don’t think many people appreciate just how early stage this technology is,” Jamie Burke, the founder and CEO of specialist bitcoin and blockchain VC fund Outlier Ventures, told the Blockchain Alternative Investment Conference in London on Monday.Something like 98% of bitcoin’s original code base has been rewritten since it was first created in 2009 and developers around the world continue to work on new ideas, solutions, and technology.Allarie said: “I’m deep, deep in it and I’m a pretty technical person and I cannot keep up. There’s so much. I’m not even close. There’s just so much activity and so much innovation happening. I’ve never seen anything like it, it’s just happening at such a pace.”