Biggest Heists in Bitcoin History and How They Were Pulled Off

Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off.

Also read: How to Earn Bitcoin Cash Income

Lucrative Crime

With cryptocurrencies’ steep rise in value, heists have become increasingly lucrative for hackers. The biggest targets have so far been crypto exchanges with weak security measures. Since a large number of crypto users are still not holding their own private keys, opting to leave their coins on these exchanges, large and frequent heists are inevitable. Blockchain data forensics firm Chainalysis detailed in its January report:

The hacking of exchanges is far and away the most costly type of crypto crime, generating around $1 billion in hacking revenues in 2018 alone.

When considering “exchange thefts, fraud and exit scams,” blockchain security company Ciphertrace estimates that they “may tally more than $1.2 billion in the first quarter [2019] alone.”

As exchanges’ security measures tighten over time, the number of coins hackers are able to steal has been decreasing. As Chainalysis noted, “Crypto crime increased in 2018, but it made up a smaller slice of a much larger market. Indeed, according to our analysis, illicit transactions comprised less than 1% of all economic bitcoin activity in 2018, down from 7% in 2012.”

Biggest Heists and How They Were Pulled Off

The latest installment from Bitcoin.com’s new video series entitled “The 5 Biggest Bitcoin Heists in History – Ranked” examines the top bitcoin heists and a Ponzi scheme, and details how each one was executed. The heyday of cryptocurrency heists started in 2011, quickly peaked over the next two years, and has continued to this day. As described in the video, hackers were able to steal sums as large as 650,000 BTC, 120,000 BTC, and 100,000 BTC — to name a few.

Inevitably featured in the video is the Mt. Gox heist which saw 650,000 bitcoins stolen throughout 2013 by a still-unknown hacker. For years, victims of the hack blamed CEO Mark Karpeles for the theft, but Japanese courts eventually exonerated him of ill intention. Another major hack in Japan hit one of the largest crypto exchanges in the country; Coincheck was hacked last year for about 50,000 BTC worth of cryptocurrencies. The video tells the story of how it re-emerged and became one of the 19 fully registered crypto exchanges in Japan.

The largest Ponzi scheme to date is also featured in the video. Bitcoin Savings and Trust, operated by Trendon Shavers, stole approximately 265,675 BTC from its customers. Another high-profile heist was the 2016 Bitfinex hack, which lost about 120,000 BTC. The video explains what happened there as well.

The Curious Case of Bitcoinica

An interesting series of heists revolved around Bitcoinica, an early bitcoin exchange by a 17-year-old entrepreneur and coder named Zhou Tong. Hackers first exploited a vulnerability in shared online web host Linode and stole over 46,653 BTC from eight different Bitcoin services there in March 2012, including more than 43,000 coins from Bitcoinica.

Before Tong could pay back his customers, the exchange suffered a second attack. In May 2012, hackers managed to empty the exchange’s hot wallet and user funds at its new server host, Rackspace. The thieves got away with a total of 18,547 bitcoins this time, causing the fledgling exchange to shut down. Trouble continued for Bitcoinica, however, as a third heist hit two months later and 40,000 more coins belonging to the exchange and its users stored on Mt. Gox vanished. “A total of around 100,000 bitcoins were stolen before Bitcoinica closed its doors the same year,” the Bitcoin.com video notes.

For more information about the largest hacks in bitcoin history and how they were pulled off, see the video below.

What do you think of these heists? Let us know in the comments section below.

---

Images courtesy of Shutterstock.

---

Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won!

The post Biggest Heists in Bitcoin History and How They Were Pulled Off appeared first on Bitcoin News.

via Kevin Helms

Read More

Testing the Noncustodial Button Wallet With BCH Over Telegram Messenger

Read More

10 People Who Might Be Satoshi Nakamoto

Read More

Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid

Read More

Cryptocurrencyalerting.com Will Notify You of Price Movements

With volatility returning to cryptocurrency markets, being regularly updated about price changes is important if you want to be a successful trader. To take advantage of market movements, you need timely alerts and a website called Cryptocurrencyalerting.com can help you get them through various channels.

Also read: Share Bitcoin Cash Related Shortlinks Using BCH.gg

Website Tracks Over 5,000 Coins for You

Cryptocurrency Alerting is a platform that provides you with the opportunity to create multiple customized alerts on market prices, percentage movements and exchange listings. It also offers wallet watch and mempool size monitoring features for some cryptocurrencies.

The website tracks over 5,000 coins and tokens, including bitcoin cash (BCH), and you can be notified when a cryptocurrency you are interested in goes above or below a certain price point. You’ll be able to set the price target in a number of major fiat currencies and stablecoins, as well as BTC and ETH.

Alternatively, you can track percentage price changes and receive alerts when the price of a crypto moves up or down by a certain percent within a predefined time period, which can be from five minutes to 24 hours. This way you won’t miss the next price breakout.

You can choose among 26 digital asset exchanges, including Coinbase, Binance and Kraken, when customizing your price alerts. You can also get notifications when a particular coin has been listed on a platform you are trading on.

Cryptocurrencyalerting allows you to choose from nine different ways to receive your crypto alerts. The platform supports notifications via SMS, email, phone call, push and browser notifications, Telegram, Discord and Slack bots.

To use the automated alerts provided by Cryptocurrencyalerting.com, you need to sign up using a valid email address and create a password for your account. The website accepts cryptocurrency donations to maintain its services.

To stay informed about the current prices of crypto assets, you can also regularly check Bitcoin Markets. The aggregator developed by Bitcoin.com provides real-time data on the prices and valuations of the top 500 digital currencies by market cap. Also, check out our Bitcoin Charts page.

Are you using automated price alerts to keep track of cryptocurrency markets? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their 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 third party content, goods or services mentioned in this article.

---

Images courtesy of Shutterstock, Cryptocurrencyalerting.com.

---

You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BCH and BTC directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.

The post Cryptocurrencyalerting.com Will Notify You of Price Movements appeared first on Bitcoin News.

via Lubomir Tassev

Read More

PR: Blucon Launches BCH Transportation Card

Blucon is excited to announce the launch of their transportation card that supports BCH. The system will work by integrating with the EXO-Platform. This allows instant conversion of cryptocurrency into spendable cash. Blucon has leveraged on its existing business relationships between cryptocurrency exchanges and legacy banking institutions to launch this product. Excitement is also building, as Blucon’s listing on Digifinex is set for the 27th of May.

Blucon’s Digifinex listing means that the EXO-Platform will be integrated into an exchange, so Blucon users will be able to instantly convert cryptocurrencies held in their exchange wallets for spendable cash through Blucon’s transportation card.

Currently, Blucon is planning to provide Bitcoin.com with the cryptocurrency-rechargeable prepaid transportation card. The card can only be topped up by cash for the time being. Using cryptocurrencies to top up the prepaid transportation card will be available in 2 months, after the EXO-Platform is fully integrated.

Blucon’s EXO-Platform acts as a medium between financial institutions and cryptocurrency exchanges. This allows Blucon card users to instantly convert cryptocurrencies into cash through the EXO-Platform.

In other words, Bitcoin Cash holders are now able to pay for transportation using cryptocurrencies in real time, wherever they want. This is a huge step forward for cryptocurrency payments.

Blucon’s payment platform was developed with the B2B2C model in mind. Once the platform is fully functional, the cards will be sent out to Blucon partners like ExShell, Digifinex, Bcoin, The Dash Foundation and Bitcoin.com.

________________________________________
About Blucon
BLUCON is an innovative blockchain company that builds next generation fintech infrastructure for crypto assets to become spendable as cash at point of sale. Blucon’s grand vision, is to be the first B2B2C payments provider in the blockchain space to allow for seamless transferability between crypto assets and fiat.

Quick Master: https://bluconnewsfeed.com/AboutBLUCONen
Join Community: https://t.me/blucon_project
Visit The Site: https://blucon.io
Subscribe News: http://bit.ly/2WA02Eb

Contact Email Address:
support@blucon.io

The post PR: Blucon Launches BCH Transportation Card appeared first on Bitcoin News.

via Bitcoin.com PR

Read More

Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper

Read More

BCH vs. BTC: Which Offers Greater Privacy?

Read More

How to Check Bitcoin Cash Transactions With a Block Explorer

A block explorer is a tool that enables cryptocurrency users to search addresses, balances, blocks, and transactions so they can verify all activities on the network. Bitcoin.com offers a BCH explorer, helping you to keep track of your coins.

Also Read: Wallet and Card App Crypto.com Adds Bitcoin Cash Support

Learn to Use Bitcoin.com’s Block Explorer

The bitcoin cash explorer homepage displays the latest mined BCH blocks and transactions that have been broadcast to the network, and it also lets you investigate any address, block hash or transaction. To check up on a transaction, just insert its ID into the search bar and you can immediately access all the details pertaining to it. You will learn when a transaction was initiated and how many confirmations it has, if any, as well as other important details such as inputs, outputs, fees, byte size, scripts, and OPcodes.

The BCH block explorer can be viewed in eight languages including Russian, Spanish, Japanese, English, Chinese, Swedish, Indian, and Korean. The platform can also display monetary values in a number of fiat currencies such as the USD, EUR, AUD, RUB, INR, JPY, and CNY.

To learn more about using Bitcoin.com’s block explorer you can consult this helpful guide. And if you want to check out an alternative, the popular cryptocurrency wallet provider Blockchain.com has recently launched its own Bitcoin Cash explorer.

What do you think about using a block explorer for checking transactions? Share your thoughts in the comments section below.

---

Images courtesy of Shutterstock.

---

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 Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post How to Check Bitcoin Cash Transactions With a Block Explorer appeared first on Bitcoin News.

via Avi Mizrahi

Read More

New Cryptocurrency Bill Advances in Japan, Regulator Explains

Japan’s House of Representatives has passed a new cryptocurrency bill with additional requests for the government to incorporate into law. News.Bitcoin.com talked to Japan’s top financial regulator to find out the implications of this bill and the proposed resolution.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

Japan’s New Crypto Bill Passes House

A new cryptocurrency bill officially passed Japan’s House of Representatives, the lower house of the National Diet, on May 21. It was subsequently accepted by the House of Councillors, the upper house of the Diet, the following day. According to the Japanese government’s website, there were many opinions on the bill.

A spokesperson for Japan’s top financial regulator, the Financial Services Agency (FSA), told news.Bitcoin.com:

The passing of the bill depends on the deliberation process in the Diet.

The bill, officially entitled “A draft bill to amend some of the fund settlement laws, etc., in response to the diversification of financial transactions accompanying the advancement of information and communication technology,” was prepared by the FSA. It was submitted by the cabinet and accepted by the House of Representatives on March 15.

The bill seeks to amend two key laws that apply to crypto assets: the Act on Fund Settlement and the Financial Instruments and Exchange Act. The FSA revealed to reporters at a briefing session in March that the bill is expected to be enacted and finalized in the Diet by June 2020.

Lawmakers’ Requests

The revised bill passed by the House of Representatives was accompanied by a resolution of 15 requests which “require the government to clarify regulatory targets, deploy appropriate personnel, implement appropriate regulations in line with the international standards, consider appropriate taxation methods, etc.,” Impress publication reported.

The FSA clarified to news.Bitcoin.com:

The additional resolution (15 proposed items) is items which we should take into consideration before introducing the bill, and we should take appropriate responses to it at the time when the bill comes into effect.

Among the items the House of Representatives asked the FSA to consider is to “Establish an effective inspection and supervision system from the viewpoint of user protection, etc. based on the current situation of crypto assets and [initial coin offering] ICO transactions in recent years.”

Several other items require the regulator to examine actual situations and take measures based on results including constructing a system that is feasible and consistent with the regulatory trends of the G20 and international standards such as anti-money laundering measures. In addition to making efforts to fully cooperate with self-regulatory organizations, one of the 15 items requests the FSA to:

Review the transfer of crypto assets and the right to transfer electronic records, taxation of income tax, etc. on income related to transactions using crypto assets, and take necessary measures based on the results.

Moreover, the FSA was asked to “Take care not to unduly limit … the development and application of these technologies” when developing and deploying regulations including carrying out inspections and imposing measures. Crypto assets and their underlying technologies “may contribute to the advancement of Japan’s industry,” the resolution details.

Policies regarding ICOs were also discussed, particularly the need for the government to formulate guidelines and take appropriate measures while considering international discussions. Given the diversity of ICO participants and types of issues, the agency was asked to avoid “excessive regulation, and respond appropriately as necessary.”

Effects on Crypto Exchanges

The FSA also explained how the amendments will affect crypto exchange operators. Currently, there are 19 approved crypto exchanges in Japan, and over 140 companies have expressed interest in entering the country’s crypto space.

The regulator shared with news.Bitcoin.com:

The registered crypto-assets broker dealers need neither re-register nor be requalified. Needless to say, however, they are required to develop the system to comply with the obligation newly introduced by this revised Act. We are going to keep on monitoring the situation for maintaining their system on a continual basis.

Key Areas Addressed by the Bill

The bill incorporates many suggestions from the study group meetings conducted by the FSA. Impress publication summarized, “In addition to changing the name virtual currency to ‘crypto assets,’ the amendments also require that crypto assets be managed using a cold wallet, etc.” Further, the bill grants ICOs “the right to receive revenue distribution.”

Since there have been some major cases in Japan where hot wallets were hacked and cryptocurrencies held in them stolen, the bill requires customers’ crypto assets to be stored in reliable cold wallets. For crypto assets held in hot wallets, equivalent amounts must be stored separately, backed by other payment sources.

In response to excessive advertising and solicitation by several crypto exchanges, the regulator will “establish advertising and solicitation restrictions such as the prohibition of false labeling and hype, and the prohibition of advertisements and solicitations that encourage speculation,” the publication described. It further notes:

Regarding crypto assets with high anonymity … change of crypto assets handled by virtual currency exchange operators shall be notified [to the FSA] in advance and checked for problems.

In an exclusive interview with news.Bitcoin.com, the FSA emphasized that all approved crypto exchanges have to declare what cryptocurrencies they will handle at the time of their application. “When a crypto-asset broker-dealer wants to add more crypto-assets or to change old ones into new ones to be traded on its platform, it is required to notify that in advance,” the agency confirmed.

The bill also stresses the importance of collaboration with self-regulatory organizations. So far, only one has been approved. Margin trading, which accounts for about 80% of domestic crypto asset trades in Japan, will be regulated under the Financial Instruments and Exchange Act. Sales and solicitation restrictions will be in line with foreign exchange margin transactions. Furthermore, the law prohibits unfair acts, including price manipulation, and stipulates that a provision will be put in place to give priority to the return of customers’ crypto assets held by exchanges.

What do you think of Japan’s crypto regulatory progress? Let us know in the comments section below.

---

Images courtesy of Shutterstock.

---

Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won!

The post New Cryptocurrency Bill Advances in Japan, Regulator Explains appeared first on Bitcoin News.

via Kevin Helms

Read More

Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

Read More

Cashscript Is Coming, Bringing Ethereum-Like Smart Contracts to Bitcoin Cash

Read More

Share Bitcoin Cash Related Shortlinks Using BCH.gg

Projects and members of the Bitcoin Cash community often need to share important information with other BCH enthusiasts. If you are involved with the cryptocurrency, there’s a website called BCH.gg you can use to shorten URLs, with each shortlink featuring the BCH name.

Also read: How to Easily Convert Funds From BTC to BCH

BCH.gg Provides Stats About Shortened Links

BCH.gg is an easy to use online tool developed by the crypto market stats and charting data website Coinsalad.com for the Bitcoin Cash community. Its main purpose is to address the need for a URL shortener, generating links that can be shared for example on Memo and Blockpress, two social media platforms using the Bitcoin Cash network.

By incorporating BCH in the new URLs, the website promotes the cryptocurrency which has seen rapid development of applications and services in the past two years. To shorten a link you need to first paste the original one into the “Enter URL” box. Then you have to click “I’m not a robot” and the “Shorten URL” button.

The website will generate your new link which starts with https://bch.gg/ followed by a unique ID that can be a short number or a combination of letters and digits. Saving your custom link ID will allow you to later look it up and pull statistical data such as the number of clicks, the country they originate from and the date when it was created.

The platform will also give you a “Quick Share” text containing the BCH.gg link and a brief description or the title of the article you are linking. You can share it directly on Facebook and Twitter using the dedicated buttons or copy it to post it elsewhere. The website displays a list of the recently shortened ULRs and the most popular BCH.gg links.

Bitcoin.com is a major source of information about all things Bitcoin Cash. On our news page, News.Bitcoin.com, you’ll find many posts you may want to share with other BCH fans, including articles covering the latest developments related to Bitcoin Cash including new apps and services facilitating the use of BCH.

Do you know or use any other crypto-related platforms to shorten links? Let us know in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their 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 third party content, goods or services mentioned in this article.

---

Images courtesy of Shutterstock, BCH.gg.

---

Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy Bitcoin with a credit card.

The post Share Bitcoin Cash Related Shortlinks Using BCH.gg appeared first on Bitcoin News.

via Lubomir Tassev

Read More

Wallet and Card App Crypto.com Adds Bitcoin Cash Support

Prepaid, debit and credit cards backed by digital assets are a great way to spend your coins, given that it will take time for retailers to transition to accepting direct cryptocurrency payments. One such card, offered by Crypto.com, has just opened up to bitcoin cash users.

Also Read: How to Easily Convert Funds From BTC to BCH

Crypto.com Adds Bitcoin Cash Support

Hong Kong headquartered payments and cryptocurrency platform Crypto.com announced on Wednesday May 29 that it has added support for bitcoin cash (BCH) to its wallet and card app. This means that users can now buy BCH from the service with credit card and bank transfer both available for funding.

The company explained that, as it also offers the MCO Visa card, this move adds additional utility to BCH as users can now easily convert digital funds into fiat currencies and spend them at over 40 million merchants supporting the network around the world.

Bitcoin cash is the 21st digital asset to be added to the platform, joining other popular cryptocurrencies and stablecoins such as BTC, ETH, LTC, XRP, TUSD, and PAX, as well as the company’s own MCO and CRO tokens. Kris Marszalek, CEO of Crypto.com said: “We’re committed to providing complete selection of all major digital assets and empowering our customers to purchase it at true cost without fees or markups.”

Accelerating the World’s Transition to Cryptocurrency

Crypto.com was founded in 2016 and launched an initial coin offering (ICO) in May 2017 after a year working on its offering in stealth development mode. The payments and card provider, formerly known as Monaco, today reports that it employs more than 120 people.

The company has announced it started shipping the MCO Visa card to customers in Singapore in October 2018. The following month it was also revealed that the cards will be issued in the U.S. through a partnership between its Florida-based affiliate Foris Inc. and Metropolitan Commercial Bank, New York. The cards, which have no annual, monthly or ATM withdrawal fees, can be ordered from the app.

What do you think about Crypto.com adding support for bitcoin cash? Share your thoughts in the comments section below.

---

Images courtesy of Shutterstock.

---

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 Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Wallet and Card App Crypto.com Adds Bitcoin Cash Support appeared first on Bitcoin News.

via Avi Mizrahi

Read More

PR: True Flip’s Pioneering Crypto Lottery Will Acquire a Cross-Platform Jackpot

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Massively updated, and keeping its remarkable fairness check feature, Flip’s Star will open up to True Flip’s partner network later this year. Meanwhile the game bolsters the evolving loyalty system at Trueflip.io, the company’s playground.

The next incarnation of Flip’s Star is built around its progressive Jackpot, worth 50 BTC on launch, and going cross-platform in late 2019. Given its friendly interface, the game appeals with its simplicity, uncommon for blockchain apps.

Draws take place every Sunday around 18:00 UTC, when a genuine algorithm by True Flip extracts a winning sequence from a newly-generated, thus unpredictable, Bitcoin block hash. The concept enables a one-click fairness check on the site.

With bulk discounts of up to 75%, tickets are now in stock for registered players at https://star.trueflip.io/. Flip’s Star will also grant tickets for points earned while playing on Trueflip.io.

“Flip’s Star has ensured our successful business launch, and passed 590 daily draws, bringing lots of joy to numerous lucky players. After months of refactoring, the game is back in service, massively updated in core, with more features and a whole new role in our ecosystem.” – said Konstantin Katsev, CMO of True Flip.

True Flip has also withdrawn another blockchain-utilizing lottery, Rapid to the Moon, to face similar updates. The instant drawing game will return to the company’s b2b and b2c portfolios before the end of the year.

About True Flip

True Flip is an iGaming provider that has released multiple games, with more in development. The games combine unique storylines with authentic visuals and offer varied gameplay and risk levels. The products are designed for easy business-to-business integrations and a follow-on service.

Trueflip.io is a casino brand based on deep gamification and hosting hundreds titles from top-tier providers. Targeting a wide range of players, Trueflip.io is an online amusement park backed with a growing fantasy universe to host tournaments, bonuses and promotions. Trueflip.io was also among the pioneers in bringing Blockchain technology to the mass iGaming market.

Contact Email Address
vas@trueflip.io

Supporting Link
https://star.trueflip.io/

This is a paid 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.

The post PR: True Flip’s Pioneering Crypto Lottery Will Acquire a Cross-Platform Jackpot appeared first on Bitcoin News.

via Bitcoin.com PR

Read More

G20 Countries Start Implementing Unified Cryptocurrency Standards

Read More

Crypto Assets Outshine Most Traditional Investments in 2019

Read More

Dithering U.S. Regulators Risk Causing a Brain Drain to Friendlier Crypto Climes

Read More

Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos

Read More

How to Easily Convert Funds From BTC to BCH

Converting funds from one cryptocurrency to another using an exchange can be costly and time consuming, especially if you don’t already have a verified account at one. Luckily there are much faster and convenient ways, such as switching from BTC to BCH right inside the Bitcoin.com Wallet app.

Also Read: How to Create a Bitcoin Cash Treasure Hunt

Using the Bitcoin.com Wallet to Exchange BTC to BCH

The Bitcoin.com Wallet includes a built-in feature for converting funds from bitcoin core (BTC) to bitcoin cash (BCH) or vice versa. In order to access the service, just click on the tab labeled “Exchange between BTC and BCH” on the app’s homepage and a new interface will open up inside the wallet. Then just press “Start Sideshift AI” and pick the specific wallet you want to send funds from and the amount you want to exchange. After you approve the trade and fees, the new coins should appear in a few minutes in the appropriate wallet.

This service is powered by Sideshift.ai, an application for swapping cryptocurrencies that came to prominence after Shapeshift introduced a mandatory membership program. The Sideshift platform is not accessible to residents of North Korea, the United States, Iran, Venezuela, Belarus, Burundi, Central African Republic, Cuba, Congo, Iraq, Libya, Nicaragua, Somalia, Syria, Yemen, Zimbabwe, Lebanon, South Sudan and Sudan. The platform detects users’ country of residence by their IP address so if you were blocked by mistake you might need to adjust your VPN settings.

What services do you use to switch between different cryptocurrencies? Share your experience in the comments section below.

---

Images courtesy of Shutterstock.

---

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 Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post How to Easily Convert Funds From BTC to BCH appeared first on Bitcoin News.

via Avi Mizrahi

Read More

Bitcoin.com’s Local Bitcoin Cash Marketplace Gathers Thousands of Pre-Launch Signups

On June 4, Bitcoin.com is gearing up to launch our peer-to-peer trading platform Local.Bitcoin.com. After the exchange was announced, the public were invited to create their accounts and place orders. So far the exchange has seen a huge swarm of interest, with over 4,500 signups to date.

Also read: Bitcoin.com Celebrates 4 Million Wallets Created

Local.Bitcoin.com Pre Launch Accounts Surpass 4,500

The development team behind Bitcoin.com’s Local.Bitcoin.com exchange has been very busy getting ready for the platform’s grand opening. In about a week’s time, on June 4, the peer-to-peer trading platform will begin to allow trading and people from all around the world can participate. In the buildup to the June 4 launch, anyone can sign up and even create a trade so they’ll be prepared for the big day.

Of the 4,500+ accounts, there’s been 1,445 unique makers created and over the last 24 hours, 239 accounts were added. The over-the-counter (OTC) trading platform has seen signups from people all around the globe, with the most popular regions being the U.S. (21%), Indonesia (5%), India (5%), Philippines (4%), Nigeria (4%), U.K. (4%), Canada (3%), and Zimbabwe (3%). Local.Bitcoin.com is also seeing signups from countries like Australia, Malaysia, Thailand, Russia, and Sweden.

The number of signups throughout the world has been fascinating as it shows that citizens are very interested in the peer-to-peer exchange of BCH. Additionally, accounts can earn extra bitcoin cash by generating a referral code enabling them to earn 20% of the fees for the lifetime of users who sign up through their code.

Spreading Economic Freedom One Trade at a Time

Our pre-launch statistics recorded on May 27 show there are 1,817 offers and 1,284 active offers available. Local.Bitcoin.com has around 402 active users per day and roughly 2,418 users per week as well. At Bitcoin.com, we’re psyched to be able to offer people a place where they can trade freely and most importantly in a noncustodial fashion. We believe that there will be great interest in an OTC trading platform that lets people swap their fiat for sound peer-to-peer electronic cash. At the moment, the most popular offer types of trades include bank transfer (32%), cash in person (15%), Paypal (15%), cash deposit (7%), and “Other.” Alternative choices Local.Bitcoin.com users chose were methods like Western Union, Gift cards, Skrill, Moneygram, Transferwise, and Venmo.

Creating a Local.Bitcoin.com account is simple and only takes a few minutes to complete a profile and initiate a trade. At Bitcoin.com we want open and free trade to flourish and we think that bitcoin cash is going to change the world. Over the last decade, cryptocurrency exchanges have been looted for billions of dollars worth of bitcoins and this is because people have to leave funds in limbo in order to trade regularly. With Local.Bitcoin.com’s peer-to-peer solution, all trades are noncustodial and users have full control over their funds. So if you are just hearing about Local.Bitcoin.com and need step-by-step instructions on how to sign up and create a trade, check out this informative article.

At Bitcoin.com, we’re thrilled to be able to give people the ability to buy and sell bitcoin cash in a way that allows for a far more personal trading experience. If you like what you hear and want to trade fiat for bitcoin cash or vice versa, then sign up for Local.Bitcoin.com today. Additionally, if you have questions or want to give us feedback then check out the dedicated English Telegram channel or Spanish Telegram channel.

What do you think about the new peer-to-peer marketplace Local.Bitcoin.com? Let us know what you think about this subject in the comments section below.

---

Image credits: Local.Bitcoin.com, Jamie Redman, and Bitcoin.com.

---

Did you know you can also buy Bitcoin Cash online with us? Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Bitcoin.com’s Local Bitcoin Cash Marketplace Gathers Thousands of Pre-Launch Signups appeared first on Bitcoin News.

via Bitcoin.com

Read More

Honest Nodes Spoiling a Theft Attempt Is Not a 51% Attack, BCH Devs Detail

Read More

PR: BitcoinHD Launches New POC Consensus

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

One of the most influential blockchain conferences – Consensus 2019 – has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more.

Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems.

After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining and BHD, and gave them a good opportunity to connect in person.

Gary, BHD Community Initiator and Hpool COO, spoke at the gathering, stating that the POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world. He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem.

In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism.

Media Contact:
Website: http://www.btchd.org/
Email: master@btchd.org
Twitter: https://twitter.com/@btchdcommunity
Telegram: http://bit.ly/2Ey109J
Discord: http://bit.ly/2X3Qoqg

Supporting Link
http://www.btchd.org/

This is a paid 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.

The post PR: BitcoinHD Launches New POC Consensus appeared first on Bitcoin News.

via Bitcoin.com PR

Read More

How to Create a Bitcoin Cash Treasure Hunt

Read More

China Releases New Crypto Rankings

China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

New Rankings From China

The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 12th update of its crypto project rankings Thursday. The number of projects evaluated was unchanged from the previous rankings published in March. The center also announced that starting this month the rankings will be adjusted every two months instead of monthly.

In addition to the overall ranking, the CCID published three others based on basic technology, applicability, and creativity sub-categories. EOS tops the list overall, followed by Tron, and Ethereum. The center started ranking Tron in February, debuting at number two overall and has remained at that position ever since. BTC now ranks 12th, up three places from the 15th place in the previous ranking. BCH has also improved, currently occupying the 29th spot overall, up from the 31st place previously.

“The results show that the world’s three major Dapp platforms — EOS, Tron, and Ethereum — remain ranked in the top three, [and] the scores are 148.5, 144.1 and 136.6,” the CCID wrote.

The center describes itself as “a first-class scientific research institution directly under the administration of the Ministry of Industry and Information Technology of China.” The first crypto ranking was released in May last year. The assessment is carried out by the CCID (Qingdao) blockchain research institute, an entity established by the CCID, in collaboration with multiple organizations such as the CCID think tank and the China Software Evaluation Center. “The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers,” the center previously explained.

Sub-Rankings

The overall ranking is based on the total index scores of 35 crypto projects. The total index of each crypto project is the weighted average of its three sub-indices: the basic technology index, the applicability index, and the creativity index. The basic technology sub-index accounts for 64% of the total index, while the applicability sub-index accounts for 20% and the creativity index 16%.

“The basic technology sub-index mainly assesses the level of technical realization of the public chain,” the center described, adding that the key areas evaluated under this category “include the function, performance, safety and decentralization of the public chain.” The top five crypto projects in this category are EOS, Tron, Steem, Bitshares, and Gxchain.

The creativity sub-index “focuses on continuous innovation in the public chain, including developer size, code updates, and code impact,” the center detailed. In this category, the top five crypto projects are Bitcoin, Ethereum, Lisk, EOS and Tron.

The applicability sub-index “mainly evaluates the comprehensive level of public chain support for practical applications,” the center continued. “The assessment includes four aspects: node deployment, wallet application, development support and application implementation.” For this category, the top five crypto projects are Ethereum, Neo, Nebulas, Tron, and Ontology, which are unchanged from the previous ranking for this sub-category. “However, the data shows that the applicability indices of only 11 of the 35 public chains have increased, and the overall index has declined compared to the previous period,” the CCID noted.

What do you think of these rankings? Let us know in the comments section below.

---

Images courtesy of Shutterstock and the CCID.

---

Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won!

The post China Releases New Crypto Rankings appeared first on Bitcoin News.

via Kevin Helms

Read More

How Crypto-Based Microfinance Benefits Small Businesses

Read More

Bitcoin Cash Privacy Has Improved in Leaps and Bounds

Read More

Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com

An upcoming peer-to-peer (P2P) exchange sees massive growth and U.S. telecom giant AT&T now accepts BCH payments. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel.

Also Read: How to Easily Find a Bitcoin Cash ATM Near You

Massive Growth by P2P Exchange in Bitcoin.com’s Weekly Update

This week’s edition presents the impressive growth experienced by the upcoming privacy-focused P2P bitcoin cash trading service Local.Bitcoin.com. More than 1,896 accounts and 790 orders were created within the first week of registration for the platform with the official launch coming up in less than 10 days. You can still sign up now for an account and earn 20% on all transactions completed by those who signed up with your referral link.

The weekly update also covers the recent news that American telecom giant AT&T now allows its clients to pay their bills with BCH. Customers who wish to use cryptocurrency for their online payments to the company can do so by selecting Bitpay as a payment option when they log on to their online accounts or using AT&T’s app.

Other topics mentioned in the episode include the Elipay payment processing system enabling payments in BCH at over 300 retailers throughout Slovenia, a newly developed plugin that will further strengthen bitcoin cash privacy and Cryptospace partnering with Bitcoin.com to grow adoption in the American market. Cryptospace recently rolled out Bitcoin Cash ATMs to Simon Malls across the United States, where users can now buy gift cards, send international money remittances, pay bills and top off cell phone minutes.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.

---

Images courtesy of Shutterstock.

---

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 Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com appeared first on Bitcoin News.

via Avi Mizrahi

Read More

Buysellhodl Aggregates Price Predictions From Traders Like You

Any transitional period is characterized with uncertainty and crypto investors would appreciate to have some clues as to where the markets are going from here. Often the expectations of other traders are the best indicator. Buysellhodl is a platform that can give you predictions based on the opinions of people like you.

Also read: Determine Which Coins Can Bring You Profit With RSI Hunter

App Ranks Cryptocurrencies Based on User Sentiment

Buysellhodl has developed a free mobile app for both Android and iOS devices. It is quite popular and enjoys mostly positive reviews from cryptocurrency holders. The software aggregates sentiment data and produces price predictions based on the inputs of its users, including experienced community members.

When you download and install the application on your mobile phone, you’ll be able to get real-time price predictions for numerous cryptocurrencies including bitcoin cash (BCH). It classifies the assets in three categories depending on the user forecasts – buy, sell and hodl. At the time of writing, 57% of its users are advising you to buy BCH, 23% are in favor of hodling and only 20% would sell.

Based on these numbers, the platform produces an aggregate rating which has been determined as “hodl” for bitcoin cash. 55% of the investors believe BCH will be worth more in the next three months and almost 60% say its price is going to rise even further within a year. Buysellhodl also shows statistics for the predictions during past periods.

A Lerner Crypto Prediction Index is also produced for each cryptocurrency. It represents a sentiment indicator calculated by splitting the percentage of hodl ratings evenly between the Buy and Sell numbers and then dividing these updated percentages. The higher the result, the more positive the user sentiment. 1.0 indicates neutral sentiment and BCH is currently at 2.17.

The application provides information about the current prices of all tracked digital coins as well as the price change during the past 24 hours which is displayed in percentage points. Cryptocurrencies are also listed according to their market capitalization. The Ratings page shows each coin with its current user consensus, price target for the next 12 months and how the crypto ranks among traders’ top picks.

You can also use Bitcoin.com’s Bitcoin Markets to stay informed about the current state of crypto markets. The online tool provides real-time data on the prices and valuations of hundreds of digital assets. Check out our Bitcoin Charts page as well.

What other price prediction platforms do you know or use? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their 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 third party content, goods or services mentioned in this article.

---

Images courtesy of Shutterstock, Buysellhodl.

---

You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BCH and BTC directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.

The post Buysellhodl Aggregates Price Predictions From Traders Like You appeared first on Bitcoin News.

via Lubomir Tassev

Read More