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Who is the chess player on Mars? – India Gone Viral

The Mars Opposition

On Wednesday, August 27 2003, at 10:51 GMT, the planet Mars approached the earth closer than at any time during the last 60,000 years. It became the brightest object in the night sky, a beautiful red jewel in the firmament, with an apparent diameter to in the sky of about 25 arc-seconds (on October 13 this year during Mars opposition the planetary disk diameter will be 22.4 arcsec).

In 2003 The two planets, Earth and Mars, were separated by 55,758,006 kilometers (34,646,418 miles). This has not happened since the Neanderthals shared the world with early humans, who as you know were lucky enough to find the Obelisk and learn how to use the thigh bones of animals properly. The next closest approach will be in 2287 we will bring you live coverage at the time.

A Hubble picture of Mars taken eleven hours before its closest approach. Source: NASA, J. Bell (Cornell U.) and M. Wolff (SSI).

In the parlance of astronomers Mars was in opposition, a term they have obviously borrowed (without giving due credit) from the chess world. The close approach of the two planets happens regularly when both are on the same side of the Sun. On this occasion Earth was about as far from the Sun as it ever gets, and Mars as close as ever (the orbits of the two planets are not quite circular).

At the time our resident scientist GM John Nunn informed us:

The close approach of Mars suggests that this would be a good time for the Martians to invade Earth. The last time they did so, in June 1902, they caused considerable devastation. I have a personal interest in this because the first Martian cylinder plunged into the sandpits on Horsell Common, just down the road from where I currently live. Apparently they did not use retro-rockets or parachutes, and it has always been a mystery how the relatively fragile Martians survived the deceleration of impact. Moving out from this first landing, they advanced through Ottershaw (where GM Murray Chandler owned a house) and devastated Weybridge and Shepperton. Armed with a heat-ray and a deadly poison gas, it seemed that nothing could stop them. Eventually, as everyone now knows, their invasion was defeated when they caught a nasty cold and died.

The event is commemorated in various ways and has inspired various films and radio broadcasts (see, for example, thisWar of the Worlds movie, in which the invasion was switched to America). Curiously, although the Horsell area has changed greatly in the past century, Horsell Common and its sandpits are still much the same. I am somewhat concerned that the Martians might aim for the same spot again and am keeping a careful watch for any meteorites leaving a strange greenish trail. If one falls, I intend to call Tony Blair or George W. Bush theyll know what to do.

There is another important aspect to this close approach of Mars. Everybody knows that strange rock formations have been photographed on the surface of the planet, the most famous being the Face on Mars. It was obtained in 1976 by the Viking Orbiter 1. In the Cydonia region of Mars it photographed a region of buttes and mesas along the escarpment that separates heavily cratered highlands to the south from low lying, relatively crater-free, lowland plains to the north.

One of the images showed a face-like hill, which led many people to argue, mostly in the lay literature, that the hill was artificially shaped. The Face on Mars web site provides us with the raw Viking images and a brief tutorial (with examples) of image processing techniques applied to create better looking images.

Due to the near approach new images have been obtained which should delight amateur conspiracy theorists all over the world. They show the Cydonia region and the face in unprecedented clarity.

Above is the latest Hubble image taken on August 27 2003 at 10:34 GMT, seventeen minutes before the true opposition of Mars. The enlargement reveals an incredible geological formation that looks eerily familiar. Perhaps our readers can help us (and NASA): whom does the rocky formation remind you of?

A week after the above report appeared on our news page (on August 27, 2003) we learned that the Face on Mars picture was probably flawed. Javier Sanchez de la Barquera of Monterrey, Mexico, informed us that Hubble cannot take pictures with the zoom given, and that pictures were taken from satellites orbiting mars.

On the top left is the original fase as it appears on most conspiracy sites, next to it a JPL/NASA picture, which softens into the face, and below that an angular view which makes it even less face-like.

We investigated the matter and discovered that some misguided soul in the ChessBase team had faked the picture, photoshopping an image of Garry Kasparov into the surface of Mars. We even found what is probably the original source of the picture.

Above is a picture of Garry Kasparov during a press conference.

We also traced the jokers practice efforts a Mars surface picture with many Kasparov faces copied into it. The prankster simply took the one which looked most plausible.

Our apologies to readers who took the whole business seriously.

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Talking Crypto: Learn to really understand the world of cryptocurrency – Financial Post

Back in the days when workers stood around the watercooler (it wasnt that long ago) the topic of cryptocurrency might occasionally arise. Faced with a conversation that revolved around investing in Bitcoin, Ripple, Ethereum and Stellar Lumen it might have been easier to nod and smile or fake it by saying the good old Canadian dollar was good enough for you.

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Got a month? These days, who doesnt? Lifetime access to OneMonth Bitcoin will provide you with the tools you need to think and speak intelligently about the technology of Bitcoin. Youll develop the skills you need to buy, trade and store your digital currencies. Youll also get instructions on how to redeem USD$5 worth of Bitcoin on Coinbase and stick it in your own personal digital wallet. With 20 lectures and an additional two hours of content, youll be well prepared to re-enter the workplace and confidently answer your co-workers when they ask: Should I buy Bitcoin?

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Theres plenty of free material to read and enjoy on this website devoted to all things crypto, from news and opinions to instructional videos and podcasts and guides to cryptocurrency mining. What effect has the COVID-19 pandemic had on Bitcoin prices? Find out here.

The Complete Ethereum (Cryptocurrency) Guide

Learn to own and trade Ethereum, one of the most popular cryptocurrencies with an almost USD$50 billion market cap. Is it the next Bitcoin or is it poised to be even better than that? In a series of nine lectures and a half-hour of additional content, youll learn about the future of Ethereum, how to build your own Ethereum wallet and how to earn Ethereum from sites such as FaucetHub.

The Blockchain Association of Canada

The Blockchain Association of Canada puts a maple-flavoured spin on blockchain and cryptocurrencies as it promotes the responsible adoption of blockchain technology by industries and governments across Canada. The association sees blockchain technology as a way to innovate in every sector of the economy maybe you will too. Members can enjoy regular meetups, community hackathons, training programs and solving innovation challenges, but there are plenty of free resources available as well.

The Bitcoin and Cryptocurrency Master Bundle

This bundle does much more than introduce the basics of Bitcoin. It also teaches you how to accept Bitcoin as payment for your business and how to pay for items using crypto. With cryptocurrencies coming and going (yes they can decline in value, or even collapse entirely) youll learn how to analyze ICOs Initial Coin Offerings sniffing out scams and making informed investment decisions. Youll even receive coaching on how to pass the Bitcoin Professional exam, a recognized crypto certification.

CryptoCompare

The CryptoCompare website features a free-to-access cryptocurrency ticker that provides live, up-to-date crypto prices on the most popular cryptocurrencies. Is Chainlink rising? Is XRP stable? Is Lightcoin falling? Keep tabs on your Tezos right here.

This story was created by Content Works, Postmedias commercial content division.While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.

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Cryptocurrency This Week: Crypto Exchanges Seeks GST Clarification From RBI & More – Inc42 Media

Several banks unsupportive to crypto exchanges without clear regulations from RBI

Bitcoin (BTC) and Ethirum (ETH) prices are at $8,880.69 and $207, respectively

Hackers are using Zoom installs to spread crypto-mining malware

This week, crypto exchanges sought clarity from RBI on their status as financial institutions as banks were hesitant to work with them citing lack of clear directions.

Meanwhile, cryptocurrency startups have asked RBI on how they are going to be taxed under the goods and services (GST) framework as they are still not categorised under a particular bracket.

Sidharth Sogani, CEO of crypto-asset research firm Credbaco Global said that the RBI was supposed to issue a new circular directing bank to start banking relationships with cryptocurrency exchanges and startups after the Supreme Court had lifted the central banks ban in March 2020.

The price of Bitcoin (BTC) at the time of writing was $8,880.69, with a market cap of $163 Bn, compared to last week (May 2, 2020) which stood at $8,802.69, with a market cap of $161 Bn.

Ethereum (ETH), on the other hand, was priced at $207, with a market cap of $23 Bn at the time of writing, compared to last week (May 2, 2020), where the price of the cryptocurrency was $213, with a market cap of $23 Bn.

Cybersecurity solutions company Trend Micro recently reported that the popular video conferencing app Zoom has become one of the most popular platforms for hackers, to mine cryptocurrency. The firm said that it spotted the attack in early April and recently it encountered a similar attack with a different malware called RevCode WebMonitor RAT, which was detected as Backdoor.Win32.REVCODE.THDBABO. Trend Micro claimed that the Zoom installers look real, but are actually bundled with crypto-mining malware from an unofficial source.

Blogging platform Ghost recently reported a vulnerability in their Salt-based server (an open-source framework), which was attacked through a crypto-mining malware planted by a group of hackers. According to its website, the company officially announced that it has successfully eliminated the crypto-mining virus and will contact all customers directly to notify them of the incident and publish a public-mortem later this week.

Economist and Bitcoin (BTC) and cryptocurrency critic Nouriel Roubini announced that he will be starting a new broadcast, dedicated to explaining his views on the technology. In his Twitter post, Roubini questioned Are cryptocurrencies/shitcoins the future of money or a bubble now gone bust or a speculative store of value?

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Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies – Bitcoin News

Cryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersonate them. London-based bitcoin exchange Coin Corner showed that a fraudulent site mimicking it is allowed on Googles advertising platform though its own evidence-backed appeals of legitimacy to Google Ads have been constantly ignored.

Coin Corner marketing manager Molly Spiers says the policy is exposing customers to fraud. So @GoogleAds wont allow @CoinCorner a long-standing, legitimate business on their platform, but will allow phishing companies? Pay attention @Google! she tweeted on April 30.

Spiers shared a screenshot showing a Google advert that promotes http://www.coincornerr.com, an apparent phishing site that impersonates the Coin Corner website. The acceptance of the scam site by Google Ads enables it to come up higher on Google Search. She points out:

With Googles stance on #Bitcoin and #cryptocurrency advertising, any adverts that contain crypto-related keywords are going to be automatically disapproved, so it looks like they have copied our text but removed all references to bitcoin in order to get around Googles algorithms.

In 2018, Google banned cryptocurrency ads supposedly to protect users from scams but partially lifted the ban to allow regulated exchanges in the U.S and Japan to advertise. The continuing embargo on crypto companies outside the exempted territories, however, is not serving its purpose as phishing sites are allowed while appeals from regulated companies are disregarded.

Coin Corner has been in business for six years and is registered with the British authority, the exchanges CEO, Danny Scott, commented in Spiers thread. The company has contacted Google a number of times to ask for exemption in the UK to no avail.

Scott said Coin Corner reported the scam site to Google but it has not been removed from search results. Google has previously continued to run adverts from phishing sites even after they are exposed.

In a related episode of policy inconsistency, Googles sister platform, Youtube, recently took down Ripple CTO David Schwartzs videos, claiming that they are impersonations. You Tube is currently facing a Ripple lawsuit for not doing enough to protect users from giveaway scams.

The Alphabet-owned platforms need to update their policies and technologies to stop promoting fraudulent initiatives while censoring legitimate businesses and exposing consumers to scams.

What do you think about Googles practices? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Andreessen Horowitz Creates Second Cryptocurrency Fund With $515M Investment – Benzinga

Venture Capital firm Andreessen Horowitzannounced that it was creating a second fund dedicated to cryptocurrency investments.

General Partners Chris Dixon and Katie Haun, in a joint statement, said that the firm, better known as "a16z," will focus on next-generation use-cases of cryptocurrencies and blockchain, including in payments systems, "decentralized finance," "Web 3," and content monetization.

a16z launched its first cryptocurrency-specific fund in June 2018 with an investment of $300 million.

Dixon and Haun said they see blockchain networks as better alternatives to established payments systems like PayPal Holdings Inc. (NASDAQ: PYPL) as they don't require banking infrastructure to transfer the money, but "the bits and bytes" being transferred "are themselves the bearer instrument."

The venture capital firm also sees Bitcoin (BTC) as a potential replacement of gold as a safe haven away from fiat. The cryptocurrencies also provide a better avenue of monetization for content creators, according to the investment firm.

"Rather than engaging audiences through centralized gatekeepers that charge high rents and create self-serving rules, creators can use token models that bypass gatekeepers and give their fans a direct stake in their success," Dixon and Haun said.

Blockchain networks also providean opportunity to move the web away from the control of few corporate-owned networks, like those of Facebook Inc. (NASDAQ: FB) and Twitter Inc. (NYSE: TWTR), according to a16z.

"Blockchains enable the creation of decentralized networks that make strong commitments baked into the architecture of the network itself as to how control and money will be distributed among network participants" Dixon and Haun noted. "Don't be evil' is replaced by can't be evil.'"

a16z has been investing in cryptocurrency and related businesses going as far back as 2013when it invested in exchange desk Coinbase.

Bitcoin traded 2.04% lower at $8,846.27 at press time on Thursday. The shares dropped after having crossed the $9,000 mark earlier in the day, in anticipation of miner reward halving due in two weeks.

Other cryptocurrencies traded similarly lower. Stablecoin Tether (USDT) was slightly up at $1.01.

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency And Blockchain Technology Market to Observe Strong Development by 2022 – Kentucky Journal 24

Overview:

Cryptocurrency is a digital currency that utilizes cryptography techniques to make the transactions secure and to limit the creation of additional units of currency. Cryptocurrency is decentralized and there is no third-party/central body/governing body involved in producing new currency, verifying transactions, and protecting the currency supply. The blockchain acts as a ledger that shows the transaction activities between the peers. Cryptocurrency opts as a future revenue stream in the digital finance world. Furthermore, cryptocurrency is not bound by any rules or regulations of any specific government or exchange rates, interest rates, and country to country transaction fee, which makes international transactions faster. The prime drivers of the cryptocurrency market include proper security, authentication and ease of transactions. The Cryptocurrency and Blockchain technology allows the users to send exactly what they want without involvement of third party. Globally, more than 70% of the mobile phone users prefer transactions over their phones, which is one of the major drivers for the cryptocurrency market growth.

Get Access to sample pages @ https://www.trendsmarketresearch.com/report/sample/9796

Market Analysis:

The Worldwide Crypto-currency and Blockchain Technology Market is estimated to witness a CAGR of 35.2% during the forecast period 20162022. The crypto-currency market is analyzed based on two segments verticals and regions. The increasing online transaction, less transaction fees, easy and faster transaction, changing consumer and business landscape have led the demand for the market growth.

Regional Analysis:

The regions covered in the report are Americas, Europe, Asia Pacific and Middle East & Africa; along with the analysis of major countries in each region. The Americas is set to be the leading region for the cryptocurrency market growth followed by Europe. The Asia Pacific and MEA are set to be the emerging regions. India is set to be the most attractive destination and in Africa, the popularity and the usage of various cryptocurrencies are expected to increase in the coming years. The MEA market revenue is expected to reach $3.02 billion by 2022. The major countries covered in this report are the US, Canada, Argentina, the UK, Germany, Italy, France, Poland, China, Japan, Singapore, Vietnam, GCC Countries, Africa and Others.

Vertical Analysis:

Day-to-day, the consumers demands are changing and they are looking for the best and less time-consuming services to make their life easier. With these changes, the industry players have started moving towards the online business services and are adopting mobile based technology in their business units to reach their customer demands. In the current market scenario, the rise of online transactions has led the demand for the cryptocurrency and blockchain technology market. The major verticals covered are BFSI, retail, media & entertainment, gaming industry, healthcare, travel & tourism, transportation & logistics and education. Globally, the industry players are showing interest towards the blockchain and crypto-currency acceptance and making a partnership and discussing with value chain players in order to understand the benefits of blockchain technology. Additionally, few of the verticals have already started the acceptance of crypto-currencies (e.g. Bitcoin) as a payment option. Especially, the retail industry is set to be the leading vertical after BFSI for the crypto-currencies acceptance and the retail market revenue is expected to reach $10,447.2 million by 2022.

Request for Report Discount @ https://www.trendsmarketresearch.com/report/discount/9796

Key Players:

Zebpay, Coinsecure, Coinbase, Bitstamp Ltd., Litecoin, Poloniex Inc., Bitfury Group Limited, Unocoin, Ripple, Bitfinex, Global Area Holding Inc., BTL Group Ltd., Digital Limited, IBM Corp., Microsoft Corp. and other predominate and niche players.

Competitive Analysis:

In the current market scenario, the crypto-currency and blockchain technology market is at a nascent stage. But, a lot of new players are entering the market as it holds huge business opportunities. Especially, new start-ups are coming with new products/services in the market and they are expecting to see a double-digit growth in the upcoming years. In this space, venture funding in this market is expected to grow and collaborations, merger & acquisition activities are expected to continue.

Benefits:

The report provides complete details about the usage and adoption rate of crypto-currency and blockchain technology in various industry verticals and regions. With that, key stakeholders can know about the major trends, drivers, investments, vertical players initiatives, government initiatives towards the crypto-currency market adoption in the upcoming years. In other end, the report provides details about the major challenges that are going to impact on the market growth. Furthermore, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals. In addition, each vertical provides the key reason for the crypto-currency adoption, key opportunities, and government bodies information. This will help the key stakeholders to analyze before investing or expanding the business in this market

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Bitcoin Accounts For 78% Of The Cryptocurrency Derivatives Market In Q1 2020, Study Finds – CryptoPotato

According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.

At the same time, BitMEXs leadership position in the field has been challenged by Huobi, OKEx, and Binance.

And amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.

During these times of hyper volatility, however, trading volume was surging, especially on cryptocurrency derivatives trading platforms.

According to the report compiled by TokenInsight, in Q1 2020 alone, the total futures trading volume in the industry reached $2,1048 trillion, an increase of 314% from Q4 2019.

The graph above also demonstrates the yearly interest growth in futures trading. The total market turnover in Q1 2020 is approximately eight times higher than Q1 2019.

The average daily trading volume of the whole market in this quarter was roughly $23.3B, which is a 274% increase from last year.

As the price was going down at unprecedented rates, however, so did liquidations. BitMEX alone saw just shy of $500 million worth of liquidated positions in less than a few hours.

Over 90% of the futures market volume came from three major asset contracts. Bitcoin was accounted for 78% of the market share, while Ethereum has 9%. A bit surprisingly, EOS took the 3rd spot with 3%.

In terms of trading volume by exchanges, the paper concluded that BitMEXs leading position has been taken.

The data from Q1 2020 indicated that several exchanges had total futures turnover exceeding $100B. Those included the new leaders in this category Huobi DM ($428B) and OKEx ($417B). BitMEX ($310B) and Binance Futures ($222B) were holding the 3rd and 4th positions.

In this exchange ranking, the top three exchanges accounted for 56% of the market volume, and the top six accounted for 81%, the report outlined.

However, fully regulated exchanges have not developed significantly. CME and Bakkt trading volumes came to about $6.83B, and $1.51B, respectively. Of course, its worth noting that both of them are oriented towards institutional clients which require a lot more oversight and control.

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MyCryptoMixer 2020 – The Best Bitcoin Mixer Necessary To Protect User’s Anonymity and Privacy | Press release – Bitcoin News

Governments and law enforcement agencies have been alerted to the possible illicit use of the pseudonymous Bitcoin (BTC) and cryptocurrencies ever since the notorious darknet marketplace Silk Road was shut down permanently by FBI, which seized more than 144,000 BTC derived from transactions made in the marketplace. This has led to governments and relevant authorities enforcing Know Your Customer (KYC) and Anti-Money Laundering (AML) compliances on the cryptocurrency market and services. However, many law-abiding Bitcoin users are concerned for their rights to privacy due to such measures.

Users who are privacy conscious have sought out privacy tools which could protect their personal information and Bitcoin transaction activities. It is through the growing demand that Bitcoin privacy add ons such as Bitcoin mixers have seen a positive growth and usage in recent years, as more people looking into buying the pseudonymous cryptocurrency are increasingly suspicious of government surveillance and the trust with Fiat currencies such as US Dollars. As a result, MyCryptoMixer (MCM) saw a surge of Bitcoin mixing volumes in less than 12 months since its inception.

It is important to note that privacy should not be strictly associated with illicit use. According to a report by blockchain analysis firm Chainalysis, a mere 10% of funds sent to mixers come from criminal activities, while the rest were mixed for personal privacy reasons.

Priority tools for the privacy conscious

To the average user, the process of KYC and AML could infringe the fundamental privacy rights amid tightening regulations from governments seeking to comply with Financial Action Task Force (FATF) recommendations and enhanced AML requirements on regulated centralised exchanges like Binance and Coinbase, and even payment applications which accepts cryptocurrencies. Fortunately, there are a few privacy tools (such as VPNs, TOR browsers and privacy Bitcoin wallets) that can obfuscate a users transaction, making them fully anonymous and private. In particular, the Bitcoin mixer has been gaining traction due to its gradual learning curve, suitable for everyone to utilise.

Similar to cryptocurrency exchanges, it is known that there are some Bitcoin mixers, putting up a facade of protecting the users identity but were actually created to steal the Bitcoins from their victims. Therefore it is crucial to perform some due diligence checks on the mixing service provider before proceeding with the service. Reputable bitcoin mixers like MCM are known to offer effective and easy-to-use privacy features that offer an additional layer of privacy and anonymity for the users Bitcoin transaction, since all transactions on the public Bitcoin blockchain are transparent and accessible by anyone through a blockchain explorer.

MyCryptoMixer The Preferred Bitcoin Mixer of 2020

MCMs meteoric rise in the Bitcoin mixer market is likely due to its trusted and user-friendly platform when compared to other mixers in the market. Plenty of measures are in place to ensure that every mixed Bitcoin transaction is untraceable, thus promising its users by upholding complete anonymity and privacy in the process. They have garnered a decent fanfare of crypto advocates who valued privacy through Bitcoin mixing. According to anonymous feedback by their users, MCM has gained rapid recognition due to its user-focused and highly responsive customer service support.

In addition to that, MCM is available in both clear web and TOR networks, catering to the users preference of anonymity level. The user-friendly mixer does not require any account registration for obvious reasons, and that the log of every mixing process is automatically wiped off the database to further conceal each and every mixing done within MCM. Also, the user may select up to five different receiving Bitcoin addresses for the mixed coins, and he or she may customise the time delay and fund distribution to each receiving address.

The straightforward 3-step mixing process

MCM is known to have the most straightforward mixing process in the market, in which the entire process can be completed in about five minutes or less. As mentioned in the earlier paragraph, the user will have the option to select up to a maximum of five receiving Bitcoin addresses, adjust the time delay and fund distribution across the selected addresses. Unlike other mixers, the negligible service fee of between 0.5% to 5% is determined by the user.

Users are prompted to deposit a unique amount of BTC based on the mixers randomised mixing algorithm to make the transaction and activity pattern difficult to track by blockchain analysis tools for every mix. Once that is done, the user could download a letter of guarantee which serves as a warranty or status sheet on the exact details of the specific mix.

About MyCryptoMixer

Launched in 2019, MCM is a highly reliable and secure Bitcoin mixer designed to achieve full anonymity and privacy for anyone that engages with Bitcoin transactions. Within a year since its inception, it has seen a significant growth in the weekly mixing volume. As one of the most user-centric Bitcoin mixing service providers in the market, they are empowered to assure their privacy conscious users with a peace of mind amid tightening KYC and government surveillance in the digital age today.

For more information about MCM, you may refer to their walkthrough guide on how to get started with Bitcoin mixing.

Supporting Linkshttps://www.mycryptomixer.comhttp://mymixerxtukle6mo.onion

Contact Email Addressmycryptomixer@protonmail.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com 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.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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MyCryptoMixer 2020 - The Best Bitcoin Mixer Necessary To Protect User's Anonymity and Privacy | Press release - Bitcoin News

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TenX Debit Card Allows Spending Crypto as Cash – Move Your Money

Cashless future is seen as cryptocurrency started its development. Many is seeing that cryptos will replaced cash in the future. For cryptos will be more convenient and efficient for peoples transactions.

Crypto developers greatest goal is for crypto to be mass utilized worldwide. Mass utilization of cryptocurrency will be the start of an era where cash will be gradually replaced by cryptocurrency.

Credit and debit card companies are integrating cryptocurrency and blockchain systems in their operations. TenX a prominent Visa debit card is now allowing transactions involving cryptocurrency. Allowing card users to spend crypto as convenient as cash.

TenX new feature had shock and gain positive reviews from its users. Spending cryptocurrency is now made easier for TenX card holders. TenX card will allow users to utilize cryptocurrency without worrying about manual top up.

This new feature is now available in countries such as Austria and Germany. TenX cards supports transactions involving Bitcoin (BTC) the most utilized crypto in the world. The card will also allow transactions involving Litecoin (LTC) and Ethereum (ETH).

According to reports this debit card will accommodate over 90 million card users in Germany and Austria. This innovation in TenX is seen to lessen the gap between cryptocurrency and traditional existing ones.

CEO and Co-Founder of TenX Toby Hoenisch stated that TenX main mission is to allow the world to access cryptocurrency simply and safety. He also added that it is their way in supporting their users on spending cryptocurrency easier.

TenX is waiving the cards issuance fee for BTC users that will allow them to save as much as $15. Users could avail this by using the discount code TENXBCOM.

TenX Wallet App will allow costumers in supported regions such as Germany, Austria and Asia Pacific to order the card via this app. On the other hand not supported regions can register in app to get notified when the card launches on their region.

This card will be free for use in the span of one year. The card could remain free if the user will spend over $1,000 USD each year. Meanwhile users that couldnt reach this terms an annual upkeep cost of $10 USD will be applied.

To made crypto transactions efficiently TenX Visa card works together with TenX Wallet App. This happens when a user makes a card payment. The fund for the card payment is directly connected with the app wallet.

This is where TenX auto-converts cryptocurrency. Payments using the card can be monitored in the app. It also allows the user to lock the card so that it wouldnt go missing.

TenX Wallet App comes with great features. It has three different individual wallets for storing BTC, LTC and ETH. A user is allowed to set any of these cryptocurrency as a primary wallet in the app settings.

Card holders will be enjoying all Visas features including the 3D added real-time security against fraud. These cards will also be accepted on over 52 million Visa accepting shops worldwide. Which mainly means card holders could be able to use this card anywhere in the world.

Withdrawing money from this card is also one of the feature of this debit card. This is convenient for travelling abroad or simply in daily transactions.

TenX Visa Card is a now innovation that brings cryptocurrency into utilization. Allowing people to use it as simply as possible. Without worrying about their assets safety and traffic on transactions.

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Cryptocurrencies are gaining major traction as global economy shrinks – IOL

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The cryptocurrency sector continues to show strong growth despite a weak global economy. Over the past month. Bitcoin is up 28% and is now trading at R169,000. Despite severe economic contraction since the global Covid-19 pandemic, this sector is acquiring new entrants, reporting higher trading volumes and presenting a more compelling use case. Transmission of Covid-19 via surfaces is incentivising society to move towards a cashless environment which augurs well for digital money.

According to Luno, record trading volumes were achieved in March and there was a 50% rise in its number of active users month-on-month. Luno has over 3 million users across 40 countries worldwide.

Marius Reitz, GM for Africa at Luno, says, This indicates continued cryptocurrency investment by existing holders andentirely new investors entering cryptocurrencies for the first time.

Increased demand

Reitz adds that a recent client survey, undertaken during the pandemic, also highlighted 42% of Luno wallet holders plan to buy more and 41% plan to trade in the next six months. Over 4,000 customers responded to our survey. They indicated that they are planning to increase their crypto holdings or trade in the next six months, while less than 6% plan to sell. Interestingly, 70% of inactive customers want to automatically invest a fixed amount in cryptocurrencies, indicating that they are moving closer to traditional investment models, he says.

Central banks and regulation

The cryptocurrency industrys growth and maturity becomes more evident as countries around the world investigate their own central bank digital currencies. In addition, regulators continue progressing regulations for the industry. South Africas draft regulation framework is currently open for public comment until 15 May 2020.

Luno welcomes regulation as it will provide comfort to consumers and professional service providers such as banks and auditing firms that the company they are dealing with is held to defined regulatory standards. Regulation in the industry can have a very positive impact. Imposing regulations in South Africa and across the world will enhance general trust in and stability of this market. It will likely result in even more talent and investment capital flowing into the industry, unlocking more business models and bringing more advanced products to market, says Reitz.

Attracting top talent

The sector continues to attract and retain top talent worldwide, with high calibre candidates with scarce skills joining cryptocurrency companies, ranging from software developers and security specialists, to financial, legal, and compliance experts. In many cases, crypto companies are building their teams with candidates from legacy companies, says Reitz.

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Cryptocurrencies are gaining major traction as global economy shrinks - IOL

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