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mBitcasino Upgrades Website With Big Promotions and New Features

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Pro-Crypto Trading App Robinhood Launches Checkings & Savings Accounts

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Menlo Park-based Robinhood has launched savings and checking accounts for its US customers, according to a company blog post. The new accounts would follow the similar trend that we have become accustomed to: “fee-free, commitment-free and surprise-free” were the words used lavishly on the company’s website. Robinhood, which operates a crypto trading platform in addition to

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Market Analysis Report (13 Dec 2018)

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MVIS-CryptoCompare Index | Crypto Exchange Zebpay Launches Euro to Crypto Trading in 21 European Countries | IBM Aims to Provide Blockchain Solutions to India’s Telecommunications Operators | CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon?



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62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years: IBM Study

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The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM Institute

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Stablecoins are Beginning to See Traction Outside of Crypto Exchanges

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According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the majority

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Allianz Global Investors CEO Calls for Cryptocurrencies to Be Outlawed

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The head of one of Europe’s largest asset managers, Allianz Global, has called for global regulators to “outlaw” crypto assets. The outburst from CEO Andreas Utermann came during a panel discussion in London. 

Also read: Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering

Cryptocurrencies Have “Wiped out People’s Savings”

Allianz Global Investors chief Andreas Utermann called for cryptocurrencies to be banned on Tuesday during a panel discussion. “You should outlaw it,” he is reported to have told regulators.

Allianz Global Investors CEO Calls for Cryptocurrencies to Be OutlawedUtermann, who previously worked at Merrill Lynch Investment Managers, went on to say that he was “personally surprised regulators haven’t stepped in harder” and that cryptocurrencies had wiped out people’s savings, Reuters reported. Sitting beside him at the panel discussion was Andrew Bailey, the head of the UK’s Financial Conduct Authority (FCA), who said his comments were “quite strong actually.” Bailey, who served as the Deputy Governor of the Bank of England from April 2013 to July 2016, then went on to add that cryptocurrencies have “no intrinsic value.”

He added that the authorities were keeping a close eye on initial coin offerings (ICOs). An October report revealed that hundreds of startups are being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings.

A More Crypto-Friendly Environment

Despite the condemnatory statement from Allianz Global’s CEO, the company’s chief economic adviser has previously said he believes cryptocurrencies are here to stay – and even admitted that he had opened a bitcoin trading account. He did add, however, that he was unsure whether they would ever replace fiat currency, saying:

“I think cryptocurrencies will exist, they will become more and more widespread, but they will be part of an ecosystem.

Utermann’s statement comes at a time when banks – and countries around the world – are becoming more crypto-friendly. Although multinational banks and mainstream financial services have traditionally been quick to slam cryptocurrencies, many now appear to be opening to the idea of them.

The Central Bank of the United Arab Emirates has said it will be working with Saudi Arabia for a cross-border digital currency – not long after consumers in Dubai were told they would be able to use digital currency to make payments for a number of different purposes.

Goldman Sachs, a leading multinational investment bank and financial services company, has had plans in the pipeline for some time now to open a derivative for bitcoin and a trading desk for cryptocurrencies. And Boerse Stuttgart Group, Germany’s second largest stock exchange, is due to launch a crypto trading venue next year.

What do you think of Utermann’s comments? Let us know in the comments section below.


Images courtesy of Shutterstock and Bitwala.


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Report: Lightning Network Still Way off Being Ready for Commercial Use

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The Lightning Network (LN) is a second-layer protocol that was long promised as a solution to BTC’s scalability problem. However, the off-chain system is still very far from being able to support actual commence according to a new review by business management technology company Scipio ERP.

Also Read: The Daily: CEX.io Enforces KYC, Okex Updates BCH Ticker

LN Is Incredibly Difficult to Use

Report: Lightning Network Still Way off Being Ready for Commercial UseThe report’s developers created a Lightning Add-on for Scipio ERP that provides businesses with the ability to use the system. They then tested the network in order to see if it was really ready for commerce. On the positive side, the tests confirmed that under best conditions payment confirmations were reached within 5-10 seconds. However, they also revealed many crucial flaws.

LN makes it very hard to implement clustering, meaning running several redundant servers simultaneously, which is a critical feature for online retailers. Implementing it, in particular in a dynamic cloud setup, would require a lot of workarounds, the developers explain.

The network has a bad user experience, in sharp contrast to that provided by most payment providers, who make the process of setting up and integrating as fast and painless as possible. The system is also incredibly difficult to use. The report lists over a dozen steps needed for merchants and close to 10 steps required of customers to make payments.

It is also a resource hog, requiring a Bitcoin node and a Lightning node installed on the same server as the business application. “All of which will require a lot of time to set up and configure. If one of the systems fails, your business application will not be able to handle cryptocurrency transactions. This is even more problematic, as redundancy cannot be easily achieved,” the developers lament.

Slower Than an Average Credit Card Payment

Report: Lightning Network Still Way off Being Ready for Commercial UseThe tests found that LN is still in a very early stage of development. “We have been operating the system for four months and crashes can and will happen all the time. Transaction channels can close or may not have enough peers at any time. There are no push notifications for these events, so you won’t know until a new transaction is placed and fails.”

Moreover, the network only allows small payments to be accepted due to limitations on the amount each channel can handle. And the process of opening a channel, needed once the limit on the previous one has been reached, makes it extremely difficult to automate for business applications.

As it stands, the Lightning Network is not useful for professional clustered environments, the developers insist. “Yes, Lightning does allow multiple nodes in its network, but at the same time it limits the number of systems that can connect to a Lightning node. And sure, payments are considerably faster than Bitcoin, but they are not ‘instant’. Even under best conditions, it still takes more time for transactions to be secured and processed than with your average credit card payment. In addition, Lightning is neither easy to set up, nor convenient to run.”

All of the above made the Scipio ERP developers conclude that LN payments are not yet suitable for business transactions.

Will the Lightning Network eventually help to scale BTC? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

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Google Trends Data Reveals One of the Top Questions of 2018 — What Is Bitcoin?

Google has just published its annual Year in Search query statistics for 2018 and the biggest question of last year was “What is Bitcoin?” According to Google Trends, searches for the term “Bitcoin” have declined rapidly since 2017, but web users querying its definition led internet searches last year.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

2018’s Most Asked Question of the Year What Is Bitcoin?

In 2017, one of the biggest terms searched on Google was “Bitcoin” as the price rose significantly throughout the whole year. However, following all-time highs, bitcoin prices declined exponentially in 2018, losing roughly 80 percent of the gains captured up until Dec. 17, 2017. With the price decline in 2018, interest in the technology also lost momentum, as reflected in waning “Bitcoin” Google searches. There was one cryptocurrency related query that topped Google’s Year in Search results for 2018 however and that was: “What is Bitcoin?”

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
Top trending U.K. (left) and U.S. (right) “What is…?” queries in 2018.

In more populated regions like the U.K. and the U.S., people pondering the definition of Bitcoin has outpaced questions about the GDPR, Ibex, government shutdowns, upskirting, and the video game Fortnite. Asking what bitcoin is was questioned the most in Nigeria, Ghana, South Africa, Australia, and the U.S. People also asked what Ethereum is and searched for information on Bitcoin forks as well in the related queries section. Other related topics include the “stock market,” “exchange-traded funds (ETF),” and cryptocurrency “debit cards.”

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
Where “What is Bitcoin?” was asked the most.

Cryptocurrency Apps Are Still Trending

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
Squre’s bitcoin Cash App was the 17th most popular free app in 2018.

Search for “What is Bitcoin?”, at least in the U.S, and the browser provides a definition of the technology. “[Bitcoin] is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank,” explains the search engine. This definition is followed by a slew of Bitcoin-related Youtube video explainers, pictures of the digital currency’s symbol, and a wide variety of editorials that detail what Bitcoin actually is and what it means to certain authors.   

These days people love to see data that stems from Google trends and other large corporations like Apple. The California tech giant Apple recently released its 2018 top app store applications and a platform that supports bitcoin, called the Cash App, was the 17th most popular free iPhone application. This week, the Cash App, developed by Square, also surpassed top payment platforms like Paypal on Apple’s app store. The Coinbase application has been a top cryptocurrency app as well multiple times in 2018. Many cryptocurrency platforms are also still capturing the top trending apps on the Google Play store.

Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'
A chart of the question’s queries over the last five years. “What is Bitcoin?” was the most popular Google “What is…” search in 2018.

Individuals Between 35-44 Have the Hardest Time Understanding Bitcoin

Google’s Year in Search statistics which highlighted Bitcoin evoke the audience intelligence report done by Pulsar back in March 2018. Over a certain period of time, Pulsar’s comprehensive study analyzed five million cryptocurrency mentions across popular social media channels. The underlying message within Pulsar’s survey indicated that mainstream audiences still are asking “What is bitcoin?” Furthermore, the research report says this question is asked by audiences of all age groups but people aged 35-44 have a particularly hard time understanding the technology.

So even though cryptocurrency markets have lost considerable value, the most popular 2018 search on Google pertaining to Bitcoin can at least give proponents confidence that the technology is still grasping the world’s attention.

What do you think about the question “What is Bitcoin?” topping Google’s 2018 Year in Search trends? Do you think this is a meaningful metric? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Google Browser, Google Trends, and Pixabay. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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Japanese Exchange Bitpoint Launches Trading Platform in Panama

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On Wednesday Dec. 12, Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama. The regulatory-compliant exchange will offer USD pairs with top cryptocurrencies like bitcoin cash, ethereum, bitcoin core, litecoin, and ripple.

Also read: BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol

Bitpoint Japan Expands to Latin America

Japanese Exchange Bitpoint Launches Trading Platform in PanamaBitpoint is a licensed cryptocurrency exchange operator headquartered in Tokyo that has just announced the company’s first international expansion in Latin America. It already operates trading platforms in five Asian countries and the latest exchange is called Bitpoint Panama. The Japanese firm has detailed that citizens of Panama as well as corporate entities within the region can use the exchange. Meanwhile, Bitpoint will utilize Panama ACH bank wires for fiat deposits and withdrawals for verified users.      

“We are proud to announce our market entry in Panama — The formalization of the crypto asset trading sector together with local authorities is a key milestone for its sustainable development,” explained Genki Oda, president of Bitpoint Japan during the announcement.

The senior executive added:  

In Panama we will employ our knowledge and standards to the satisfaction and tranquility of the local banking industry whom we regard as our partners.

Japanese Exchange Bitpoint Launches Trading Platform in Panama

Regional Regulations Will Be Respected

Bitpoint has detailed that verified users will be able to trade bitcoin core (BTC), ethereum (ETH), bitcoin cash (BCH), ripple (XRP) and litecoin (LTC) against the USD. Additionally, the Panama operation developed by Bitpoint promises “deep liquidity for speedy clearing.” The trading platform is AML/KYC compliant and users can register for a personal or a corporate account. Unlike most exchanges that use a Zendesk-like customer service platform, Bitpoint has a phone number available and customers can speak with agents directly.

Japanese Exchange Bitpoint Launches Trading Platform in Panama

Cryptocurrencies in Panama are still not fully regulated but Bitpoint emphasizes on its website that it is “a regulated company in Japan and operates by good practices under the same standards in Panama.” The Japanese firm further details that just like the other trading platforms under its wing, Bitpoint Panama will utilize multi-signature correspondence techniques and an “anti-hacking system that detects hackers and prevents hacks in real time.” Julian Geovo, operations director for Bitpoint Panama, has explained that the team plans to also bolster mainstream digital currency acceptance in the South American region.

“An interesting and safe option for cryptocurrency customers in Panama has been created — adopting the best operational practices from Bitpoint Japan allows us to offer a path for mainstream crypto education and adoption, whilst maintaining the tranquility of all stakeholders in the sector,” Geovo added.

What do you think about Bitpoint’s new exchange in Panama? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Bitpoint Japan, Pixabay, and Bitpoint Panama.


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Zebpay Exchange Now Live in 21 European Countries

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Zebpay Cryptocurrency Exchange Now Live in 21 European Countries

Zebpay, formerly one of India’s largest cryptocurrency exchanges, has launched in Europe. Euro deposits, withdrawals, and trading are now live in 21 countries. While the exchange is not accepting new registrations from India, existing users can continue to use its wallet app.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Zebpay Launches in 21 Countries

Zebpay Exchange Now Live in 21 European CountriesZebpay announced on Tuesday that its European exchange is now live. “We have recently expanded our global footprints in Europe with our exchange and wallet enabling crypto-to-crypto trading,” the company wrote, adding:

We are live with euro deposits/withdrawals and trading in 21 countries (Malta, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Netherlands, Poland, Portugal, Slovenia, Sweden, Austria) in Europe for users and corporate investors.

Zebpay Exchange Now Live in 21 European CountriesCustomers need to sign up for an account and go through Zebpay’s know-your-customer (KYC) procedures. “After successful KYC and bank verification,” customers can then deposit euros into their Zebpay euro wallets via bank deposits, the exchange detailed. They can also trade BTC against the euro on the Zebpay exchange and withdraw fiat from the wallets. “We will soon add more digital assets that can be traded with euro,” the company wrote.

For its European grand opening, Zebpay is offering zero-fee euro deposits as well as zero maker fees. Customers will also receive a reward of 0.25 percent per transaction. The offer is valid until Dec. 31 for supported euro and crypto-to-crypto trading pairs, currently BTC/EUR, ETH/BTC, LTC/BTC, XRP/BTC, BCH/BTC, EOS/BTC, and TRX/BTC.

Indians Cannot Register

Zebpay Exchange Now Live in 21 European CountriesIn September, Zebpay closed down its exchange service in India due to the banking ban by the Reserve Bank of India (RBI). At the time, the exchange claimed to have over 3 million users. Zebpay subsequently set up subsidiaries overseas. The company is registered in Malta under the name Awlencan Innovations Malta Ltd.

Another related entity is Zeb Ventures Pte. Ltd. Zebpay explained that this Singapore-registered company “is engaged in the service of providing a platform for the buying and selling of bitcoins and other cryptocurrencies through its mobile application known as Zebpay App, being listed on Android and iOS platforms.” The exchange’s website states:

We are not accepting new registrations from India.

The crypto banking ban in India is still in effect but the country’s supreme court is scheduled to hear all of the petitions against the ban in January 2019. Meanwhile, the crypto community is eagerly awaiting the recommendations submitted by the government panel headed by Subhash Chandra Garg, the country’s Economic Affairs Secretary.

What do you think of Zebpay launching an exchange in Europe and disallowing Indians to register? Let us know in the comments section below.


Images courtesy of Shutterstock and Zebpay.


Need to calculate your bitcoin holdings? Check our tools section.

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