Cryptocurrency News for 17 Aug 2017
Max Keiser, Peter Todd Debate Bitcoin in Space Post-Blockstream Announcement
Bitcoin Core developer Peter Todd has said large-scale extraterrestrial Bitcoin mining is “not as crazy as it sounds.”
Retweeting economist Max Keiser, who suggested “many satellite systems” will soon compete in the area, Todd added space-age mining had economic advantages.
“[It’s] a lot cheaper to beam solar power collected in space back to Earth in the form of blocks than as electricity,” he wrote Tuesday.
Keiser, who remains infamously bullish on Bitcoin compared to traditional assets, said rocket costs were destined to be next to nothing.
Full story at http://bit.ly/2uO7omh
Source: CoinTelegraph
Blockstream Is Using Satellites to Beam Bitcoin Down to Earth
Sounds fantastical? Maybe, but Blockstream swears it isn't as crazy as it sounds.
Today, the bitcoin infrastructure company is launching Blockstream Satellite, an ambitious attempt to use leased satellites to beam bitcoin nearly anywhere in the world. Now in beta, bitcoin users in Africa, Europe, South America and North America can already use the satellites to download a working bitcoin node capable of storing the network's entire transaction history.
But while complex conceptually, the company believes its end result can solve a real issue facing the $66 billion network – without internet, you can't access bitcoin.
And this poses a problem for bitcoin proponents who believe the cryptocurrency could be especially beneficial to people without internet, who also generally live in areas with economic instability.
Full story at http://bit.ly/2uO5VfI
Source: CoinDesk
Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year
Ask any oldtimer, and you’ll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.
On December 6, with the price at $1100, he said:
“Third day in a row I wake up, see charts and ask myself "Is this the end?" and third day in a row answer is "Yes.” End of first historical bullish trend 2010-2013.”
Full story at http://bit.ly/2uOw6CX
Source: CoinTelegraph
Bitbay Exchange Enters Indian Cryptocurrency Markets
Bitbay has announced that it will enter the Indian cryptocurrency markets, with the company’s Indian exchange expected to be operational before the end of August. Bitbay is Poland’s largest exchange by trade volume, and is set to become the first international bitcoin exchange operating within India’s cryptocurrency markets.
Bitbay has announced that it will be launching its exchange platform for the Indian cryptocurrency markets. Bitbay will be the first cryptocurrency exchange to offer altcoin trading – providing trading pairs for ethereum litecoin, lisk, monero, ash, and gamecredits.
From August 14 Bitbay will offer demo trading that does not involve using real money, before launching full operations on August 24th. In a recent interview with Money Control, Bitbay India Head, Rohit Dahda has stated “we are taking all necessary steps to adhere prescribed rules for Bitbay India. In fact, we are offering demo trading for users before using real currency to bring a level of confidence in common people.”
At a launch function for the newexchange, Bitbay CEO, Sylwestor Suszek, stated that “Bitbay India has been conceptualized to provide innovative services, support and solution for cryptocurrency users in terms of fast and secure transactions. Our team consists of specialists and Bitcoin enthusiasts who are active in crypto community, attend industry conference events and support charity causes via meaningful fund donations to relevant Indian societies”. An official press release states that “the prime objective of Bitbay India is to remove all misconceptions related to cryptocurrency, drive more people towards digital currencies, attract potential investors from market and offer all round platform to trade as well as exchange multiple cryptocurrencies at Bitbay.”
Full story at http://bit.ly/2uNDnTE
Source: Bitcoin News
Satoshi Cycle: Interest in Bitcoin Raises Price, Which Raises Interest
As Bitcoin price rises, it comes out of the shadows with more people googling the digital currency, and from that rise in interest the price seems to rise again, and so on and so on in what has been coined the “Satoshi cycle.”
Chris Burniske, a Bitcoin expert who was previously a Blockchain analyst at ARK Invest, has noted a high correlation between Bitcoin price and Google search trends for the word “Bitcoin.”
In a series of tweets, Burniske theorized that when Bitcoin price spikes, it also drives the interest of the digital currency up, and then that further interest perpetuates as it again drives the price up - something he joked was “a virtuous Satoshi cycle.”
Bitcoin hit a record high of $4,483.55 on Wednesday, and at the same time, the search for Bitcoin was also at its all time high.
Full story at http://bit.ly/2v4HB8Q
Source: CoinTelegraph
An Inside Look at Bitkan’s ‘Bitcoin: Shape The Future’ Documentary
On September 10, 2017, the bitcoin trading services provider, Bitkan, is hosting a special event called the BTC & Blockchain Summit in Beijing, China. During the event held at the Sofitel Wanda Beijing Hotel, guests will see the world premiere of a bitcoin-based documentary from a Chinese perspective.
This week news.Bitcoin.com talked with Sandy Liang from the bitcoin platform Bitkanabout the BTC & Blockchain Summit in Beijing this September. The event is expected to have hundreds of special guests, and over 1000 attendees discuss the emerging cryptocurrency solutions and blockchain technologies innovating the world today. Liang discusses the world premiere of the first Chinese bitcoin documentary, “Bitcoin: Shape The Future,” a film that covers the history of the decentralized cryptocurrency’s popularity in the region.
Full story at http://bit.ly/2uNCAlD
Source: Bitcoin News
Prepared by @SydesJokes
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Idea of the satellite could help millions who live in out of the way places, on this globe. Thanks for info!
5WCYJB7s1srPNYqLjizw3PDqDEfNfXXJNB47gQauDYUH7ZHHWH29LnkheszihGnzSnZfTtMAAHHX45dkyrTjzaJKJrTCpdV
Sent 20 coins.