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Hello. As we all know, Corona Virus have almost taken over the world and we all saw the negative effect of this disease on the Crypto market and the prices of Crypto currencies. One of its impacts on the Crypto world is that the upcoming TEAMZ BLOCKCHAIN SUMMIT and Tokyo Blockchain Week have been rescheduled to a later date due to this virus. Source

BitClub is a mining pool that has gained increasing popularity. However, one of the programmers, Silviu, has confirmed that BitClub may not be all that it seems, and has pleaded guilty as such to his role in establishing this ponzi scheme. The scheme resulted in a total of 722 million dollars being stolen in bitcoin over the course of five years. During the period beginning in April 2014, Silviu admitted that the values of their mining that was shown on the site was not actually true, and was in fact higher than the actual values, therefore promoting investment in the site. This allowed people to stick around, thinking that their money was doing good, when in actual fact there was a huge ponzi scheme going on behind the curtains. In exchange for his plea, Silviu will receive a maximum jail sentence of five years and a quarter of a million dollar fine. Do you guys think this is fair? After stealing 722 million dollars, his fine is a quarter million? Here is the link to the article: https://www.coindesk.com/bitclub-programmer-admits-mining-scheme-stole-722m-in-bitcoin Let me know what you guys think.

Coinbase is one of the most well known wallets that is utilized for bitcoin regarding its holding/storage and furthermore for trades between different coins. Anyway the organization didn't get ready for the exorbitantly high number of exchanges that are occurring with bitcoin as the cost approaches 17000 US dollars. This in any case, not the first occasion when that Coinbase has been as the year progressed, because of these unnecessarily high traffic on the blockchain network. A comparable episode happened toward the end of last month, on the 27th of October. What's more, while the organization has said that they will explore this and return to their clients so this doesn't occur later on, the reality of the situation is that those that are engaged with exchanging might have made some significant benefit during the disconnected time. Do you believe that perhaps it is the ideal opportunity for these clients to change from coinbase to another wallet/trade? Or on the other hand do you imagine that coinbase will before long be back in business again and remain as one of the top wallets for users? Tell me your opinion beneath. Much appreciated.

According to a think tank, the U.S. should refrain itself from creating its own cryptocurrency and support those that already exists instead, as opposed to other countries like China that attempts to create their own. At least that is what I infer from this article. This will definitely boost the popularity and acceptance of cryptocurrencies already in use, especially the top ones. But there is the certainty that the U.S. will try to meddle in the affairs of the people using it, by imposing taxes, tracking personalities by the FBI, etc., in the name of national security or whatever. Then again, countries that have their own national cryptocurrency can also do that, and so much more, simply because their governments "own" it, and technically, they can do whatever they want with it. So maybe this think tank's approach isn't so bad after all. What do you think? Here is the link to the article: https://cointelegraph.com/news/conservative-us-think-tank-denies-need-for-federal-digital-currency

A recent article has just been released discussing about the many ways cryptocurrency can be more than a hedge against the US dollar (this can be applied to other national currencies as well). The global economic crisis today has compelled many people to make long-term investments in many things. But since there are fears that the U.S dollar's value is depreciating, cryptocurrency is now being viewed as a sound digital investment. source: https://cointelegraph.com/news/why-cryptocurrency-is-more-than-a-hedge-against-us-dollar-inflation Cryptocurrencies, especially Bitcoin, are oftentimes regarded as 'digital gold'. But unlike gold, a person can also use crypto for online transactions when buying or selling products and services, as a trading tool in specialized websites like cryptocurrency exchanges in a similar way stocks do, and among other things, something that gold and other physical objects cannot easily do. And unlike fiat, cryptocurrencies especially the ones with limited supply, do not suffer much from inflation due to oversupply. Do you agree with the contents of the article? And what other ways can cryptocurrencies be more than just a hedge?

If the U.S. prides itself as a (self-proclaimed) center of digital technology, shouldn't they embrace cryptocurrencies as a new technology with a lot of potential? If they are going to spook crypto users by passing measures like harsh tax laws, and crypto companies decide to move their operations elsewhere, those countries they will move in are going to benefit more from what cryptocurrencies has to offer. The U.S. will lose out a lot if it other useful technologies based on crypto (blockchain just one of the many examples) are developed and used exclusively by countries that are more open to crypto. This is what an executive from Coinbase has in view when he made a statement saying that global customers (not residing in the U.S.) are the future. The U.S. has yet to make a definite clarification on its stand on cryptocurrencies and how it will tax its users. Staking was pointed out in this article. It is defined as "The process of staking involves locking up an amount of a given cryptocurrency in a wallet to participate in the operation of a blockchain in return for rewards." - source here. If the U.S is going to incur taxes on crypto users who is involved in staking to the point where it is barely profitable, it would make sense if staking itself becomes virtually non-existent in the U.S. and more prevalent in other crypto-friendly countries. Those countries in turn have the option to pass their own tax laws in a way that crypto users are not only given a lighter burden, they are given legal protection as well. And staking is only the tip of the iceberg. There are other grievances over the other aspects of crypto that the U.S. should address soon. Other countries are already gaining ground, and some are even adopting crypto-based technology on their own national currencies, while the U.S. is slowly getting lagged behind. source: https://cointelegraph.com/news/coinbase-exec-says-capital-will-flee-us-due-to-crypto-tax-laws

Original article from Coindesk newswebsite: Full article link: https://www.coindesk.com/how-bitcoins-lightning-can-be-used-for-private-messaging This is great news I think. Being able to send hashed messages on the blockchain means there will be a very safe messenger app in the future!

Russia has been one of the countries that existed at the forefront of cryptocurrencies and for those of you that are unaware, even this forum is based in Russia, giving us (the members) and opportunity to earn crypto currency in turn. According to a recent news article, it seems that Russia may once again be doing this. A company known as Minespot, may be opening the largest crypto mining rig, and it is set to be based in Russia. The mining rig is predicted to be 160 MegaWatts (MW), and is expected to be built in Siberia. It is expected to be built in a location that is near to a dam, and is expected that the mining rig will be for both bitcoin and Ethereum, which are of course two of the largest cryptocurrencies in the world and the two that are most known and used. However it is important to note that this is not going to be cloud mining, but rather the mining site will operate as a hotel, where clients are able to bring their mining equipment and so forth. If you would like to read up more on this development in Russia, please go to the link below: https://www.nasdaq.com/articles/a-new-company-claims-its-opening-the-biggest-mining-farm-in-russia-2020-10-23 Let me know your thoughts and feelings towards this development in the comments.

Mining is seen as probably the simplest ay in which you can obtain cryptocurrencies, and the reason for this is that it is passive source of income. It requires an investment so that the person may purchase the equipment that is necessary, however the rewards can often be quite sizable. However, a recent article in Coindesk has warned crypto users that all may not be as it seems, as the effects of crypto mining could be detrimental to the environment. In this article, it is stated that the energy consumption of crypto mining and mining rigs is much larger than the actual value of the cryptocurrencies. This rise in energy demand and consumption will of course lead to more fossil fuels being burnt (in my opinion) and therefore more damage toe the environment in this sense. The financial regulators in New York are urging people to be more open about their mining activities so that a more accurate and reliable prediction can be made with regards to eh effects that this can have on the environment in the long run, such as global warming and so forth. What do you guys think about this? Do you think that mining of these cryptocurrencies may actually be causing more harm than good? If you want to read more on this article, please go to the link below: https://www.coindesk.com/nydfs-wants-firms-to-look-closer-into-climate-change-risks

According to an article posted in Coindesk, it seems that Kazakhstan could be eyeing the position of hosting the biggest crypto mining rig in the world. The mining rig that is set to be not far off from Russia, is expected to house 50000 mining rigs, thus generating an incredible hash rate of 5 - 6 EH/s. This is around 4% of the current hash rate that is being seen in bitcoin mining. Whilst this is a major development in terms of the crypto world and its development, it is known that mining rigs consume a lot of electricity. In fact it is said that this mining rig will require the same amount of electricity that it takes to power 180000 homes. This is a tremendous amount. Leading to the concern or question of, do you feel that the electricity could be better used? Or do you perhaps think that this mining rig ill be off great benefit to supersede the energy crisis that we are having? What are your thoughts towards this? Let me know in the comments. And if you would like to read more about this topic, then please follow the link below for the full article: https://www.coindesk.com/bitcoin-mining-facility-rigs-kazakhstan

source: https://www.newsbtc.com/2020/01/11/goodbye-100x-japanese-govt-to-limit-bitcoin-margin-trading-leverage-to-just-2x/ This would be a sad news for the cryptocurrency traders in Japan if this is to be implemented. The reduction from more than 100x to just a mere 2x is simply too much. But then again, VPN once again offers relief from the steady stream of oppressive government regulations. Let's just hope that this would not have much impact on Bitcoins as a whole.

In the day and age of cryptocurrencies it is not uncommon to find that people are mining this currency as a means in which to earn passive income. And those that can afford to go above and beyond are also buying all of the necessary equipment that is required to create their own mining rig. However, when mining there is no benefit to the financial economy of the country or the government, and the benefit is seen directly for the user/miner. Therefore, Iran has imposed new regulations that seek to allow the banks to also benefit from mining cryptocurrency. According to a revision in the Iran crypto mining law, all of the miners have to be licensed, and what is more, they have to sell their crypto directly to the central bank. This will serve as an additional revenue stream for the country and will likely be used in future developments as well. What do you guys think of this? This may be a great advancement in getting countries more open to the idea of allowing crypto as they are also benefitting from the currencies, by using the bank as an intermediary. The full link to the article is below if you would like to read up more on this: https://news.bitcoin.com/iran-crypto-law-miners-bitcoin-central-bank/

Russia’s crypto industry is pushing back against a set of bills that would make it more difficult to operate in the Eurasian country : Russian lawmakers introduced a set of draft bills regulating digital assets earlier this month, which would effectively ban any transactions using crypto within the country’s borders. In response, the crypto community has filed a number of protest letters. If the proposed regulation is passed, the Russian economy could lose up to $10 billion in taxes annually, which the crypto industry would otherwise be able to pay if it could operate legally, says a letter by crypto lobbying group RAKIB to the bills’ sponsor, Anatoly Aksakov. A copy of the letter was also sent to Maxim Reshetnikov, head of the Ministry of Economic Development. News Source

There are some news on the internet surfacing about the impeding release of Ethereum 2.0. One such article is written on this link: https://cointelegraph.com/news/eth-2-0-confirmed-for-dec-1-launch-just-hours-before-deadline As quoted in the article, one of the requirements for its early release has already been fulfilled. If other conditions are fulfilled, then other things might be able to proceed smoothly and ETH's release on that date may indeed prove to be the case. So after the slump during the first quarter of this year, we have a ongoing (as of this writing) Bitcoin bullrun, and now this new version from Ethereum. Will ETH 2.0 be able to live up to the hype? And will there be an ETH bullrun this December right alongside the ongoing BTC bullrun? EDIT: Ethereum 2.0 (the Beacon Chain) has been released as of this writing.

So someone recently announced that he will become another candidate for the U.S. presidency, and he is a creator of a popular altcoin, no less. But what makes Brock Pierce, the creator of Tether, all the more popular in the eyes of the U.S. financial industry, are the controversies surrounding his creation. And most people behind the industry are not liking it. (More information about Tether can be found in this wiki link.) For one thing, Tether itself has no solid proof of what it claims to be. As stated in the article I gave in the link below, there are already many attempts to audit the altcoin but failed, creating a feeling of uncertainty; that if something in it ever manifested itself in a negative way during Pierce's presidency should he ever get elected, there will be dire consequences. Still another concern is what will happen if Pierce becomes president. Cryptocurrencies will certainly gain a boost to its widespread acceptance in the U.S., but maybe for the Federal Reserve, this can threaten the supremacy of the U.S. dollar, and conflicts may arise which ramifications may not be at a good time for today's global situation. For these, and probably many other reasons, the New York appeals court approved investigation into Tether, apparently Pierce running as president serving as a stimulus for its increased priority. Should the U.S. government uncover any anomalies and act accordingly, this will not bode well for crypto users who have Tether (USDT) in their possession and for Bitfinex as well since they are also included in the investigation. source: https://www.forbes.com/sites/michaeldelcastillo/2020/07/09/ny-supreme-court-approves-investigation-into-10-billion-cryptocurrency-created-by-a-presidential-candidate/#3f4902e2783b

One of the major forms of payment for most online sites is the use of PayPal, and there are many that continue to use this method of payment. However, with the fast growth of the cryptoworld there are also many that have turned to crypto and have left PayPal behind. Fortunately, PayPal has addressed this issue, and is now offering users to buy and sell crypto, such as bitcoin through their PayPal accounts. With this approval by PayPal, over the next few weeks this is expected to be adopted in the US, and over the course of next year this is expected to move globally. This is an incredible way to bridge the gap between PayPal and crypto. In fact it is expected that in 2021, users with PayPal accounts will be able to pay with crypto and other merchants as well.

Bitcoin prices have been knocking on the doors of $10,000 resistance for quite a few days now; and a well-known crypto investor is announcing to his followers (and to a lesser extent, the general public) to "get on the train", that is, probably, to invest in BTC, taking advantage of recent events in the US. https://markets.businessinsider.com/currencies/news/bitcoin-price-novogratz-forecast-says-break-level-us-turmoil-spreads-2020-6-1029273129 As to the motive for raising this tweet, he must have been getting impatient with the resistance, and is mobilizing his followers to somehow make BTC go moon as soon as possible. Bitcoin did broke through the $10,000 mark, but then receded again to $9,484.91 as of this writing.

The hacker behind the $72 million heist on the Bitfinex exchange in 2016 appears to be moving more of the stolen Bitcoin. Whale Alert reports that the hacker’s account shifted 28.39124 BTC, worth $261,600 at the time of writing, to an unknown wallet In August 2016, Bitfinex was hacked for more than 119,756 BTC, worth roughly $72 million at the time. That same total is worth more than $1.1 billion today. Last May, the infamous whale behind the attack unfroze the stolen funds for the first time in three years, moving 550 BTC to 15 separate, new addresses. Then in June, the hacker moved 172 Bitcoin in 24 hours alone, processing five separate transfers to unknown wallets, the biggest of which was worth $640,002. Information Source

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Hi, I want to know that where should we post and on which topic should we post? as I see that there are many categories so can we post by selecting any category? & Is there any limit to posts or can we post unlimited number of posts? Can we write news article here? & if those news articles do not belong to Cryptocurrency or bitcoin then it is allowed? Like if I want to write an article on Donald Trump, will this forum allow it or just we need to write an article on Cryptocurrency only? and where we can find the FAQs? please answer all the queries Looking forward