Google originally congratulated cryptologist with the anniversary of the historic high Bitcoin exchange rate

Page, to appear on December 17 at the request of bitcoin, reported by users that we are talking about the financial bubble that “as many believe, pop.”

Amazing wording appeared on Monday morning and a few hours later, was replaced by the more neutral: “…a cryptocurrency, a form of electronic money”, which appeared etc.”

The point here is the features of the search algorithm of Google results for request is accompanied by a link to the page that the artificial algorithm considers most relevant based on its search rankings. Often enough such is the relevant article from Wikipedia. Which is known to be filled on a voluntary basis by content regular users with their view of the world and events.

“Edit wars” on Wikipedia — is more than a common phenomenon, and that the victim of such war was the Bitcoin.

User Smallbones 12 Dec changed the wording in the article, accompanied by its comment that is, say, the opinion of the majority on this issue, and backed by the link to the article by a columnist of Bloomberg, also calls Bitcoin a bubble. However, other editors have expressed their disagreement with the edit, it was canceled, but Google managed to index the previous version.

Note that the search results Google, features of algorithms, and opportunities for manipulations — a topic rich. Last week, for example, the CEO Sundar Pichai during the hearings in Congress had to answer the question, why is the idiot query, the search engine produces photos of the US President Donald trump.

However, the relationship of the largest search engine for Bitcoin and cryptocurrencies in particular simplicity do not differ. And speech here not only about the bans. In a recent advertisement for one of their Google services referred to mining and cryptocurrencies in a sarcastic manner, calling them “fake money”.

However, this does not prevent researchers to analyze the frequency of queries in Google as one of the indicators of public interest in cryptocurrencies.

The post Google originally congratulated cryptologist with the anniversary of the historic high Bitcoin exchange rate appeared first on FineCrypto.

FineCrypto

The SEC has postponed a decision on Bitcoin ETF from VanEck, and SolidX February

The Commission on securities and stock exchanges of the USA is to be expected once again postponed its decision to launch a bitcoin ETF from VanEck, and SolidX. According to the SEC, the final decision on this ETF will be announced on 27 February 2019.

6 Dec SEC used the latest delay for the application to launch a publicly traded bitcoin Fund, filed by the company VanEck, SolidX BZX Exchange and the CBOE.

VanEck and SolidX first applied to the creation of a bitcoin ETF on June 6. According to the rules, the Commission is forced to approve or deny the application within 180 days from the date of its official publication. If necessary, the regulator may extend this period for another 60 days, having official justification. Thus, on February 27, 2019 is the final deadline for adjudication on request: up to this point, the controller should reject or approve.

“The Commission considers it appropriate to increase the pendency of an application for a final decision on approval or disapproval of proposed changes to the rules” — says the official document.

Recall that in late October, representatives VanEck and SolidX met with representatives of the securities Commission of USA (SEC) to eliminate the limiting factors for launch of the financial instrument. The assurance VanEck, all the problems with the bitcoin ETF was “allowed”.

The post The SEC has postponed a decision on Bitcoin ETF from VanEck, and SolidX February appeared first on FineCrypto.

FineCrypto

Bitcoin could hurt the SEC is investigating the events of the crypto market

Bitcoin is circling around $ 4000, not daring to choose a certain direction. It seems that investors never felt that the reference cryptocurrency has really hit bottom, and waiting the emergence of a strong momentum.

However, while BTCUSD is possible to avoid re-testing of 3,500, that after the failure in the second half of November is considered as the manifestation of courage buyers. As before, altcoins fully duplicate the dynamics of leading cryptocurrencies, and the total capitalization of crypto market is held around $ 130 billion.

At that time, as the average cost of producing one bitcoin is at $ 4500, we see the miners continue to turn off asik. Hasrat, the Bitcoin network has fallen by 39% (from historic highs by the end of August) to 37.7 EH/s. However, in the case of a sharp rise of prices, also quickly will start to return and the computing power of the network. The risk of default and exists only in the case of prolonged low prices.

The ICO market together with cryptocurrencies demonstrates a deep recession. Since the beginning of year the volume of attracted funds fell by 91%. Moreover, even a successful ICO in the majority very rarely show any real results. Since most of the projects based on the platform Ethereum raised the esters are derived in Fiat to Finance their activities, which also negatively affects the leading Aldon crypto market.

At the G20 summit, by the way, discussed cryptocurrencies, noting in their final communiqué. First of all, the leading countries of the world concerned about the problem of money laundering and the financing of terrorism, so in the crypto sector will be introduced, the FATF standards with a single taxation and verification of market participants. This attitude of G20, can be considered positive, and negative at the same time. On the one hand, all conceived as independent of the politicians and financiers ecosystem, on the other hand, its dimensions are no longer allowed to exist on the same terms.

Meanwhile, the SEC already conducts a local war, holding the stars of show business, advertising the different ICO. Famous boxer Floyd Mayweather will have to pay more than $ 600k in fines for advertising ICO, Centra, tokens which can accept securities. Obviously, now to find someone willing to advertise such projects will not be easy.

In the end, we note that the SEC systematically considering the events of 2017 and is looking for illicit reasons of abnormal growth of Bitcoin. Experts believe that this process directly affects the market, as investors will not risk until until you put all the points in the investigation of the regulator.

The post Bitcoin could hurt the SEC is investigating the events of the crypto market appeared first on FineCrypto.

FineCrypto

Intel has patented a technology of energy efficient bitcoin mining

Intel received the U.S. patent office a patent on the technology “energy-efficient high-performance bitcoin mining”.

Intel has developed a technology for mining with low power consumption in March, combining hardware accelerator optimized hash algorithm SHA-256 with message scheduler, datapaths, making it possible to achieve a power increase of from 18 to 35%, depending on the critical path of various computations.

In the patent application it is noted that a typical data path of SHA-256 consists of two major computational blocks of the message digest and the scheduler messages with specific functions SHA-256, which combine several 32-bit words, followed by a 32-bit additions. The performance of the fully-expanded path to the data is limited to these two data paths and the hashing operation is extremely energy-intensive:

“This optimization can lead to a 15%-35% increase in power in combinational logic message digest”

Intel had previously developed solutions for mining: for example, the company developed a mining chips for 21 Inc., which was renamed Earn.com and sold to Coinbase. Also in may it became known that the software giant Intel is looking for a new way of verification of transactions in a distributed book: published in may, the application for patent describes a method by which Intel will be automatically split and distributed to update the registers using the CPU, is able to independently verify that new blocks are valid and can be attached to the book that is different from the usual method of extraction adopted in blockchains such as Bitcoin, which rely on a network of competing nodes to check and record the transaction in exchange for remuneration.

The post Intel has patented a technology of energy efficient bitcoin mining appeared first on FineCrypto.

FineCrypto

Welcome to a new era: the United States formally imposed sanctions on a Bitcoin wallet

The office for foreign assets control of the United States (OFAC) launched a full-scale campaign against the two Iranian “intermediaries” that distribute malware. Law enforcement agencies have published the addresses of the wallets to the suspects and warned cryptocommunist that all who will send the cryptocurrency for these purses, also face sanctions.

Cryptocurrency wallet instead of fingerprints

The names of the crooks — Horadada Ali and Mohammad Ghorbanian. According to today’s press release the U.S. Treasury Department, the criminals had helped in the exchange of crypto-currencies to Iranian Rial obtained from the “Iranian hackers”. The latter, in turn, participated in cyberattacks SamSam.

“Horadada and Ghorbanian provided financial, material or technological support for hacker attacks SamSam.”

Experts OFAC identified the Bitcoin address the suspects, later they were released. As it turned out, through their wallets was about 7000 bitcoins with transactions with 40 of the largest exchanges. Even with the current price of the cryptocurrency is more than $ 25 million.

The U.S. Department of justice suspects Horadada and Ghorbanian in the attack on 200 networks in the US, the UK and Canada in 2015. The user of one of the hospitals in Indiana were forced to pay a ransom to the scammers that their databases again.

Why this news caused such a stir in cryptocommunist? The U.S. authorities first imposed sanctions on the wallet address with cryptocurrencies. Besides, today, OFAC first tried to associate addresses to individual.

As traditional Bank accounts, these cryptococal should help to identify the transactions that were used in criminal activities. The information obtained will be used to search for any relations involved in these addresses.

Besides, today the cryptocurrency Horadada and Ghorbanian officially recognized by the OFAC property subject to seizure. Representatives of the office for foreign assets control of the U.S. also promised to stop all Iran’s attempts to use the digital assets in order to evade sanctions.

The post Welcome to a new era: the United States formally imposed sanctions on a Bitcoin wallet appeared first on FineCrypto.

FineCrypto

BITCOIN HASH RATE DROPS 13%! – 272

https://www.podbean.com/media/share/pb-s6gz3-a04466

Today’s episode we speak about the turbulence that has been caused by the drop in price of cryptocurrencies causing mining to become unprofitable for some.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

Follow us on Twitter: https://twitter.com/SVK_Crypto

 

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SVK Crypto – Daily News Blog

If the price of Bitcoin is $3000 mining will cease to be profitable: Plan B

The critical level of the rate for Bitcoin is $ 3000. At this price the owners of most models of the miners will cease to make a profit, and they, like investors, need to consider replacement options in case that scenario comes to fruition.

An appropriate assessment was voiced by the Chairman of the Board BitKan Leon Liu:

“I think the level of prices in 20 thousand yuan (about $ 3,000) — this is the level at which all the miners will cease to be profitable, he said. Miners, as investors, need to start working on your strategy, in case this would happen.”

This statement is remarkable not only because it comes from a market participant who tries to be heard. BitKan, which became known as the Chinese platform for OTC trades, is now positioning itself as a provider of related trading data and services. However, one of its investors is the largest manufacturer of miners Bitmain, so it concern about the future owners of the miners may have a fairly simple explanation.

Close to Bitmain can also be attributed to the fact that according to Lew, hardwork Bitcoin Cash, and the subsequent events in which the direct participation of the founder and CEO of Bitmain Jihan Wu, did not play a special role in the fall of the Bitcoin exchange rate and all stock market. That is, this factor certainly affected, but was not the main and not the only one, he says.

“The current downturn at the end of last year, and it will continue for at least 12 months”, — said the founder BitKan.

In his opinion, the previous rally, which ended in December 2017, was largely due to the boom of the ICO. Now, however, it became clear that “99.9% of the projects ICO failed”, and the bubble burst.

So the market has entered a stage of decline, with minor fluctuations in prices in one direction or another. According to Liu, the market needs an effect similar to the effect of ICO at the time, that is dramatic and positive changes or events that will bring him out of hibernation and interrupt this trend.

This forecast is basically the same as that recently voiced by a former banker, economist and trader, Alex Krueger, who pointed to the generality of Bitcoin with the category of commodities, that is, exchange traded commodities such as oil or metals.

In his opinion, the demand for Bitcoin can grow at the expense of large-scale and positive market events, such as the approval of the Commission on securities and stock exchanges of the Bitcoin ETF. Or it could be an event, which is still hidden over the horizon.

“The more unexpected will be a shock, the stronger will be its effect,” notes Kruger.

Also recall that the bottom price of $ 3000 seems a remote possibility after Bitcoin tested $ 3600. According to SEO Genesis Trading Michael Moreau, that $ 3000 is a threshold, which may push Bitcoin.

“Until we reach $ 3000 or so, you can not say that this is the bottom” — says the trader.

The post If the price of Bitcoin is $ 3000 mining will cease to be profitable: Plan B appeared first on FineCrypto.

FineCrypto

CEO Shapeshift: a sharp drop in Bitcoin is a sign of euphoria bears When to expect the growth of cryptocurrencies

The market has dropped, Bitcoin will never recover, and instead Lamby have to continue to drive on the Volga?! As it is not so. Erik Voorhees believes that everything will work out, and quite soon.

Cryptocurrency market is heading into the abyss — it is this idea appears after you look at the fully red coins on Coinmarketcap. Last week the cryptocurrency has broken some important resistance levels and is on track to $ 3,000. It would seem, hopes for Lamba has long dried up. However, Shapeshift CEO Eric Voorhis have a different opinion on this.

The triumph of the bears

Sunday on Twitter businessman appeared quite interesting message.

“Collapse is a sign that the bears reach the stage of euphoria.”

By this phrase, Voorhees implies the famous market cycle, which is known to everyone on wall street. Remember in December everyone was talking about Bitcoins for $ 100,000? Then the bulls were at the peak of euphoria and didn’t notice any signs of an impending bloody correction. Now you can draw a parallel — now everyone is talking about “futility of the crypts” and lower the price of Bitcoin down to zero.

However, no one yet knows how long the current phase of the market cycle. Most analysts agree that the “real bottom” is waiting for Bitcoin in the area of $ 3,000. Before this also said chief analyst, eToro’s Mati Greenspan.

Recently, the Voorhees added one more detailed remark about the future of the stock market.

“Of course, much time has passed since then, when I got to the crypt. Every financial institution in the world is closely watching her. Every government is interested, or at least trying to regulate cryptocurrency. Tens of millions of people used Bitcoin, a large part of the world at least knows about the crypt. So Yes, it progresses, but there is still a long way.”

Finally, Voorhees explained that the invention of digital assets can be compared with the advent of the printing press or the Internet. In addition, the cryptocurrency will bring “great benefits to mankind” through decentralization.

The post CEO Shapeshift: a sharp drop in Bitcoin is a sign of euphoria bears When to expect the growth of cryptocurrencies appeared first on FineCrypto.

FineCrypto

THE BITCOIN CASH HASH WAR CONTINUES – 265

https://www.podbean.com/media/share/pb-mvvcu-9f6324

Today’s episode we speak about the ongoing fork in the Bitcoin Cash protocol and who is currently leading the race to accumulate the greatest amount of hash power and become the dominant chain.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

Follow us on Twitter: https://twitter.com/SVK_Crypto

 

Visit our website: http://www.svkcrypto.com

 

Email us: cstorry@svkcrypto.com

 

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog