Razer SoftMiner: Ethereum mining for gamblers

The gaming hardware manufacturer Razer has released a new app that makes it possible to mine Ethereum during gamings in the future. However, there is a catch: The payment is not made directly with crypto currencies. Instead, users will be rewarded with an in-game currency.

Razer offers new Bitcoin revolution App for Ether Mining

As Razer announced on 12 December, the company is offering its customers a new Bitcoin revolution app for mining on the Bitcoin revolution blockchain. The so-called Razer SoftMiner will use the GPU power of the devices to mine crypto currencies in the backend. The gamers will then be rewarded with Razer Silver, the platform’s internal gamer currency. Mining runs in the background, while users can continue playing regardless.

The adaptation of crypto currencies and the associated integration into areas of everyday life progresses with each passing day. While the Bitcoin course is still struggling with the all too strong bear claws, the industry is not impressed by such events. Not only jobs in the blockchain sector are becoming more and more popular. The Bitcoin industry is also increasingly relying on institutional investors. Currently, crypto currencies are also slowly spreading into the gaming sector.

Razer wants to build bridge between gaming industry and Bitcoin loophole

With this, the hardware manufacturer wants to build a bridge between the gaming industry and the world of Bitcoin loophole. This is what the co-founder of Razer says about the mining app:

“Razer’s software and services are an integral part of our gamer-centric ecosystem and complete our gaming lifestyle promise to our fans. Today’s major updates signal to the 50 million registered users of our software platform that we are committed to expanding their experience with the Razer family of products, from the simple mouse and keyboard to the most advanced next-generation apps”.

RazerSilver can then be used to make in-game purchases that vary from game to game. According to the press release, RazerSilver and the additional in-game currency RazerGold can be used in a total of 2,500 games.

Bomb threats in the USA: blackmailers demand Bitcoin

In the United States of America, a particularly audacious e-mail is making the rounds. Blackmailers threaten to blow up public buildings and demand a ransom in Bitcoin.

Terrorism à la Bitcoin loophole

The Bitcoin loophole blackmailers demand 20,000 US dollars in Bitcoin loopholeBitcoin loophole – otherwise they want to blow up buildings. As heavy.com reported on 13 December, an e-mail went out to public institutions and private individuals threatened with bombs. According to the reports, the blackmailer’s e-mail said:

“How do you do? My mercenary carried the bomb into the building where your business is run. My mercenary built the bomb under my direction. It can be hidden anywhere because of its small size, it is impossible to destroy the supporting building structure with this explosive, but if it identifies itself as such, there will be many injured.

My recruited person observes the situation around the building. If he notices suspicious activities, panic or police officers, the device will be blown up.

I can call my husband back when you make a transaction. The price for your security is $20,000. Send it to me in Bitcoin and I assure you that I will withdraw my mercenary so that the bomb does not detonate. But don’t try to fool me – my warranty only comes into effect after 3 confirmations in the blockchain.

Suspicion of the news spy

If there are problems with the news spy transaction, you have to solve it by the end of the news spy. When the working day is over and people start leaving the building, the bomb will explode.”

“Nothing Personal
As one can further infer from the threats, it is nothing personal, rather the extortion is purely business threats:

“It’s nothing personal, just a business. If I don’t see the Bitcoin and a bomb explodes, other companies will send me more Bitcoin next time, because it’s not a one-time action.

I won’t log in to this email anymore, I monitor my wallet every twenty minutes and when I receive the money, I’ll give my husband the order to leave.

If the bomb explodes and the authorities see this email, we are not a terrorist society and do not take responsibility for explosions in other places.

However, as the local police in Oklahoma point out, such threats have been received in large numbers. However, they are not to be taken seriously, rather they have so far been able to determine “nothing to be taken seriously”. So it says in the tweet of the responsible authority:

We’re working a number of bomb threat calls in OKC. There have been similar threats called into several locations around the country. No credible threat found at this point. We encourage the public to continue to be vigilant and call with anything suspicious.

– Oklahoma City Police (@OKCPD) 13 December 2018

Similar threats became known at the beginning of November. Here, blackmailers in the Netherlands threatened with hand grenades if those affected did not comply with the ransom demand. So far, however, there have been no known explosions.

Silvergate-IPO: Californian bank wants to expand business with customers from crypto space

Banks do not necessarily have to be crypto-hostile. On the contrary, more and more banks are seeing the positive implications of blockchain technology, including for the tokenization of assets. This includes the Californian Silvergate Bank. According to a report on the Xconomy news site, the bank is planning a US$ 50 million IPO. Silvergate intends to use the capital increase to expand its services for customers in the crypto ecosystem.

Crypto currencies and Bitcoin secret have therefore become the cornerstone of our business

Californian bank Silvergate is rapidly transforming itself from a traditional credit institution into a global pioneer in the institutional management of Bitcoin secret crypto assets. Although the official SEC application for the IPO does not provide any details on the exact use of the new capital, Silvergate only talks about investments in “organic growth and basic corporate purposes”. In view of the bank’s explicit crypto affinity, however, an expansion of crypto services is more than likely.

Silvergate has been in the middle of the crypto sector since 2013. As Xconomy reports, CEO Alan Lane contracted the crypto virus at the time and has kept the bank on course ever since. In 2014 Silvergate was able to win the Digital Currency Group (DCG), an important holding company from the crypto ecosystem. DCG invests in crypto start-ups and holds shares in the news site CoinDesk. The fact that the bank has been focusing on customers from the crypto ecosystem for so long gives it an enormous competitive advantage:

“Our ability to define these markets as a target group over the last five years provides us with an enormous first mover advantage in the area of digital currencies”.

Financial infrastructure increasingly important for cryptosoft companies

Obviously, the bank has hit a nerve with its focus on companies from the cryptosoft sector, because despite the bear market, the number of its customers is growing rapidly. Here is the review by onlinebetrug. Silvergate has a total of 483 customers (as of 30 September) in its crypto sector. Compared to the previous year, the bank recorded an increase of 323 per cent in this area. This is stated in the IPO document. All crypto customers together deposited approximately USD 1.7 billion with Silvergate.

Silvergate’s core business differs from traditionally oriented financial service providers in that it does not focus on traditional lending. Instead, the bank concentrates on the deposit of non-interest-bearing investments, which it then invests with other financial institutions.

The majority of traditional credit institutions are passive to hostile to crypto-space, to say the least. Meanwhile, however, more and more institutions are seeking to escape to the front.

The most important example in this country is probably Bitwala. As reported by BTC-ECHO, Bitwala will probably open Germany’s first BaFin-compliant blockchain account in November.

Bitcoin back on the plus side: Ethereum, Ripple & Co. follow suit

Bitcoin: The price of the leading crypto currency by market capitalization is back in positive territory. The same applies to almost all Altcoins in the top 100. The Ripple, Ethereum and EOS prices can thus make up almost ten per cent.

After a sustained downward spiral, the Bitcoin share price will recover somewhat on Monday, November 26. It has thus risen by almost nine percent in the last 24 hours. Satoshi Nakamoto’s crypto currency is currently 4,092 US dollars.

Not only the Bitcoin revolution: Almost all Altcoins rise in price

Bitcoin revolution, too, is currently trying to fight the kink in the course. With a plus of ten percent, the XRP price is currently at 0.38 US dollars. According to our price pages, the “bank coin” is currently in second place among the crypto currencies with the highest market capitalization: https://www.geldplus.net/en/bitcoin-revolution-review/

Ethereum, the supercomputer project led by Vitalik Buterin, recorded very similar price increases. At 9.7 percent, the Ether exchange rate currently stands at 117 US dollars and is still in third place.

Even Bitcoin Cash, which suffered a lot in the course of the Hash Wars, was able to make up some ground in the course of the share price. With seven percent plus, BCH currently stands at 184 US dollars.

EOS, the project under the patronage of block.one, was able to climb to currently 3.39 US dollars within the last 24 hours. The crypto currency number five has thus risen by almost eight per cent.

Only two losers in the top 100
Currently, almost all crypto currencies under the top 100 are in plus. The Undertaker QASH and Dai are the only tender losers. QASH lost 0.11 percent of its share price and now stands at just under 0.20 US dollars. The Stable Coin DAI is the brave loser of the last 24 hours with a minus of 1.27 percent. The crypto currency is now 0.99 US dollars per token.

The SIRIN LABS token recorded the strongest increase. The utility token increased by a whopping 97 percent and currently stands at 0.13 US dollars per token.

Technical Analysis of the Bitcoin revolution Course

As pleasant as the youngest bounce is: Currently Bitcoin revolution is still fighting. The long-term support marked in blue, which has lasted since the end of 2015 and is at the level of the moving average of the last 140 weeks, is currently fiercely contested. The oversold Bitcoin revolution promises a recovery, which the price is currently experiencing.

However, both the MACD and Aroon indicators continue to speak bearish language. On this basis, even after the 10-percent bounce, a short position is more likely, where the first support of 3,785.65 US dollars can be used as an entry point, the currently tested long-term support of 4,163.55 US dollars valid since 2015 as a stop loss and the moving average of the last 200 weeks at currently 3,126.07 US dollars as a target.

However, in order to assume a real reversal and dare a long position, a rise above the resistance at 4,538.01 US dollars is necessary. In this case, a first target would be at 5,571.12 US dollars and the stop loss at the moving average of the last 140 weeks, currently at 4,332 US dollars.

G20: Global tax standards as of 2020

Over the past few days, the finance ministers and central bankers of the G20 met for discussion in Argentina. One of the topics discussed was the regulation of Bitcoin & Co. Result: Crypto currencies are dangerous and interesting, global standards will come. Data will be collected by July.

Bitcoin enthusiasts expected the G20 meeting in Buenos Aires to be partly restless. The imminent regulation or the possibility of banning crypto currencies is causing panic in the markets again and again. Now all the FUDlers can breathe a sigh of relief. As the summary of the meeting shows, the finance ministers and central bankers of the G20 countries do not really know how to deal with crypto currencies.

The words they found for Bitcoin & cryptosoft fluctuated between warning and slight enthusiasm

“We recognise that cryptosoft innovation […] has the potential to enhance the efficiency and inclusiveness of the financial system and the economy. But cryptosoft assets also raise questions about consumer and investor security, market integrity, tax evasion, money laundering and terrorist financing.”

What is particularly striking about the closing statement is the choice of words. The team of experts deliberately calls Bitcoin & Co. “crypto-assets”. The English word for capital or asset indicates that one is not dealing with currencies. In a further statement, they also stress that crypto currencies do not fulfil the functions of “sovereign currencies”.

International standards for crypto trader will not come until 2020

The financial experts ultimately shift responsibility to the FATF. The Financial Action Task Force has rules to combat money laundering and terrorist financing. These should ultimately also apply to Bitcoin & crypto trader – together they want to work on further standards. This should result in a globally valid regulation – which, however, remains to be seen for the time being. Why regulation can make sense with regard to crypto trader can be read here.

Until final regulations are reached, the market will probably be allowed to develop more or less freely for the time being (the outcome of the conference does not ultimately protect against national regulations). In the last sections of their summary, finance ministers and bankers announce that there will be no global tax standards before 2020. However, an update will be released in 2019, with data to be collected by July of this year in order to agree more precisely on how best to regulate.

Supplement:
As it became known, the OSCE also made a statement to the ministers and central bankers in this context. The statement also calls for a joint initiative in common taxation, especially with regard to crypto currencies. See below for more details.

During the conference, in addition to the participating ministers and central bankers, the Organization for Security and Co-operation in Europe (OSCE) also promoted joint taxation and further co-operation in the field of crypto currencies. In a report sent to the participants in the Confrence, the OSCE suggested further co-operation and development in the face of increasing importance and lack of transparency.

In concrete terms, the report states that tools and co-operation mechanisms are already being developed and that corresponding studies are being conducted on the tax consequences of crypto currencies and distributed ledger technologies. The latter could be used to overcome the lack of tax transparency.

Blockchain CEO Nic Gary: Banks Should Include Digital Currencies

New York IdeasThe blockchain CEO Nic Cary participated in a technical discussion entitled “Cash, Credit or Digital: What Happened to My Money?” at the “New York Idea” conference on May 6 with leading figures from the business, finance and technology sectors. The conference was hosted by Aspen Institute and The Atlantic. Besides Cary, Pryor Cashman Partner Jeffrey Alberts and McKinsey & Company Director Philip Bruno took part in the discussion. The discussion was moderated by NPR “Planet Money” correspondent David Kestenbaum.

He believes that the news spy review have a speculative background

The discussion also covered many topics currently being debated in the Bitcoin scene. These included issues such as the news spy review. Are digital currencies the best payment method, how should governments regulate the currency industry and what options do they have to ban the news spy review Bitcoin and other currencies if they choose not to do so?

The most notable comments came from Cary when asked if he would welcome the involvement of traditional banks such as the Bank of America, given the “anti-bank sentiment” within the Bitcoin community.

Cary replied that “he would love for the Bank of America to participate in the Bitcoin industry”. He would very much appreciate it if the company would accept new technologies, as is already happening in other industries:

“I am thinking, for example, of the digitalisation of things: We used to send letters, today we send e-mails, we bought books, today we get them on Amazon.com. Anyone who still thinks that one day the money won’t be digitized is naive.”

Bitcoin or a Bitcoin secret scam

The conversation began with an example from Kestenbaum trying to pay for his breakfast with Bitcoin, but before the recent Bitcoin secret scam. This sparked a debate about Bitcoin secret scam as an everyday means of payment.

Cary described his very own experiences in the daily use of Bitcoin as a means of payment and was promptly interrupted by Bruno. He says that the speculative nature of the Bitcoin can have a negative impact on mass distribution and make it difficult for the Bitcoin to assert itself as a means of payment.

“To get from here to something that has a less speculative aftertaste will be a difficult process.

Alberts looked at the matter from a different angle: “Even if the speculative, deflationary nature makes it difficult for Bitcoin to be recognised as a consolidated currency, that would not be tragic. The Bitcoin could evolve and become a cost-effective alternative for payment providers.

Authorities show interest in Bitcoin
Bruno was the one who fired up the issue of digital currencies the most. This suggests that these institutions are fascinated by the idea of a cheaper payment method.

“Authorities and central banks are looking very closely […] at how payment networks are designed and what they can learn from the technology.

In one key factor, these organisations see particularly great potential. The social impact of technology on people who don’t have a bank account or access to financial services. Bruno also said that the major financial institutions are analysing Bitcoin very carefully, even though they have not yet made an official statement on the technology.

Alberts believes that the growing interest of the authorities is a sign that the industry is developing well. Cary, on the other hand, says that the initial reactions and some restrictions on the part of the authorities clearly show that there is still a great need for clarification.

Bitcoin as the new Internet
Cary gave his best to formulate the anti mood against digital currencies as misguided in the face of global developments. He says that those who continue to vote against digital currencies are “sticking their heads in the sand of the financial future”.

Cary compared the Bitcoin to the e-mail. Even if people don’t understand exactly how it works, they will quickly learn how to use it and benefit from it.

In view of this long-term attractiveness, digital currencies are still a very attractive investment:

“Imagine you had the opportunity to invest in e-mail or Internet technology. That’s what makes an investment interesting these days. ”

Bitcoin Acceptance Made in Germany (Part I): Beekeepers, Lawyers & Gamecards

In our new series “Bitcoin Acceptance Made in Germany” we would like to introduce you to a selection of German companies that have already decided to integrate Bitcoin as their official means of payment.

Trust – a very important term

Unfortunately only the big and international companies like Expedia, Dell & Co made it into the headlines and the small companies often fell by the wayside. But it is precisely these companies that bring Bitcoin to the fore. Whether it’s the corner shop around the corner or the hairdresser I trust. When do I get more curious when some international corporation integrates some new digital currency that I probably have never heard of before, or when my hairdresser just asks me out of nowhere if I don’t want to pay with Bitcoin?

Most Bitcoin-accepting companies in Germany fall into the category of small and medium-sized enterprises. They have already built up a solid customer base and enjoy the privilege of a solid basis of trust. And it is precisely they who can pass on the trust in Bitcoin to their customers. Any marketing or PR activities at the expense of Bitcoin were probably not the main focus here.

On the search for Bitcoin accepting companies in Germany, we were able to find an amazing number of interesting and exotic companies. Some of them perhaps in your neighbourhood? Bitcoin acceptance is often getting closer than you think!

You also know a company that already accepts Bitcoin or already accepts the digital currency itself?

“Today beekeepers have become much easier. You don’t need an extra bee house anymore. Magazine hives, as we use them today, are durable and can also be colorfully designed,” says Roeber.

And that’s exactly how payment methods work today. There is a great variety and one of the simplest payment methods is Bitcoin. The Roeber family has been accepting Bitcoin since 2013 and has received consistently positive feedback since then. M.Roeber is sure that Bitcoin will continue to assert itself in the future:

“I find this innovative and I am convinced that payment processing via virtual currencies will become part of everyday life at some point”.

Who would have thought that Bitcoin in connection with ordinary law is usually only known from some new regulatory proposals. The law firm Schmidt Barg sets completely different standards here and has been accepting the digital currency since 2011.

The Berlin law firm specialises in building law, tenancy law, purchase law, family law and inheritance law. So if you lost your last euro at your last building mistake or your last car purchase, you can pay confidently in Bitcoin.

At MSPoints.de, users can purchase iTunes, Google Play, Nintendo, Xbox, PlayStation credit codes or FinalFantasy XIV, Guildwars2 GameCard codes and pay quickly in Bitcoin.

When asked why Stephan decided to integrate Bitcoin, the former Bitcoin miner promptly replied:

“With Bitcoin, non-payment and fraud are virtually excluded and the fees are very low. In addition, I always keep an eye on new and innovative payment methods.”

Also here