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Shenzhen Stock Exchange (SZSE) is one of the major stock exchanges of China. China is taking action against companies that are planning to start Blockchain research labs as on 21st March, a local media reported that SZSE has started an investigation against a company that has announced its plans to start a Blockchain research lab for applications in the medicinal industry.

blockchain research lab

Stock Trading Company

The stock trading of healthcare device manufacturer, Lifesense has been suspended by SZSE temporarily and now the company is required to provide all the information, explaining why Blockchain technology is so important for the company, also the project’s plans for the next three-years, as well as the amount of Lifesense’s funding shares.

Letter Issued by SZSE

On Tuesday, March 20, SZSE issued a letter and ordered Lifesense to reveal all the details about its plans to launch a “Blockchain laboratory.” SZSE is also expecting to get a reply from Lifesense by 23rd March. The announcement of Lifesense project is the move that made the company’s share price upsurge by 10% as it succeeded to grab the attention of the stock exchange while the price hit the daily limit of SZSE.

A similar inquiry was sent by SZSE to Zhejiang Enjoyor Electronics earlier this week, which made Enjoyor Electronics confiscate its announcement on WeChat as it claimed to launch the very first Blockchain-based electrical data forensic certificate, all around the world. A warning was also issued by SZSE in January that it’s going to carefully observe those companies that are using the popularity of Blockchain to improve their stock prices.

Companies Investigated By SZSE

According to China Money Network, over 20 listed companies have been investigated by SZSE due to the baseless claims about Blockchain technology. Earlier, a report was published on companies that were using the ‘Blockchain’ word in the US to improve their share prices through the publicity surrounding the innovative technology.

In February, SEC suspended three companies from trading that revealed statements about getting “Blockchain technology-related assets.”Also,

U.S. SEC (Securities and Exchange Commission) has announced more investigation of companies in the US, who alter their name to add the word “Blockchain” into it.

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A Beginner’s Guide About Primecoin

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What is Primecoin?

Primecoin is a form of cryptocurrency which is issued through a decentralized mining market. Primecoin is derived from Bitcoin and uses prime numbers as a proof of work. Moreover, Primecoin is the first ever cryptocurrency whose design comprises of the scientific computing as its work.

What Are The Advantages Of Primecoin?

The major advantages of Primecoin are:

  • Provides more security and minting to the network
  • Primecoin generates special chains of prime numbers which mathematical researchers often tend to use
  • Primecoin’s design can sustain a high level of security
  • Payment transactions are 10x faster than Bitcoin network

Primecoin Symbol – What Does It Represent?

Primecoin symbol is basically a Greek letter psi (Ψ). The shape of this letter symbolizes the Reimann zeta function and is chosen as a tribute to Reimann. The horizontal bar we see in the symbol not only represents the currency symbol convention but also represents one of the precious jewels in the history of math – Reimann hypothesis.

How Does Primecoin Work?

Primecoin works by searching for prime number chains. The chains’ names are Cunningham chains and bi-twin chains. As of now, the distribution of these prime chains is not very well understood as even for its simplest case, the nature of their infinite existence is not proven.

The circulation of primes has been a standout amongst the most vital revelations in math, and the investigation of prime chains follows its lineage to the work of Riemann and prime number hypothesis, with connections to the more profound nature of the seemingly arbitrary pattern of prime distribution.

Riemann’s investigation uncovered the connection between Riemann zeta function and prime distribution, though later on Riemann zeta function has proved to be of higher relevance in other branches of science such as physics, consequently the investigation of prime distribution is a vital piece of the establishment of present day sciences.

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How to mine Primecoin, How to buy Primecoin, What is Primecoin, How does Primecoin work, What is Primecoin mining, How to mine Primecoin with GPU, How to mine Primecoin with CPU, Bitcoin vs other cryptocurrencies, how to buy primecoin

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Bitcoin Casino for 2017

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1ST MAY 2017, 07:00 PM, people like to play games. It’s an awesome benefit for you to play game bitcoin and get some reward in form of money. While, when you are betting with bitcoin. You surely have a chance to win handsome amount. Playing bitcoin games and making money, online players are in seek of money making the casino. To maintain such type of Casino is much difficult. Fortunately, bitcoincasino.us. is one of the best platforms for your attention. With 24/7 customer support, this casino provides complete anonymity, secure transactions, highest bonus and instant payouts.

Bitcoin Casino for 2017

Games:

Bitcoincasino.us provides more than 300 games. They are unique and different from other sites. This is because players get bored when they saw the same games on multiple websites. Some of the favorite, Tipsy tourist, Fa Fa twins, Aztec magic, Twerk.

Some players play games with proper strategy and skill. They don’t want to lose. For that type of people, this casino offers the table games and roulette. Roulette is with several variations, including all versions either it is European or American. Games with different layouts, payouts or with unique characteristics are available on sites.

The most important reason for its fame is, provides action games with innovative gaming software like Endorphina, BetSoft, and SoftSwiss.  Here, you will surely find the game with existing payouts.

Instant Payments:

When you are playing with bitcoincasino.us, you will get your reward instantly. Whereas, players of other websites are in waiting of their payouts. They process all the transaction as fast as they can. As you know the reward of playing bitcoin earning games, means you will soon withdraw the coins. Let’s have an example of 10 BTC. In process of withdrawal, other sites will take 24 hours. On the other hand, this games site does not need that much time.

Final Thoughts:

It is final, that you do not want to waste your bitcoin on a site who has not the good reputation. Bticoincasino.us is one of the best sites. Who provide instant reward and easy ways to get bitcoin as winnings.

GOOD LUCK!

 

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Will Bitcoin Become World’s ‘Single Currency’?

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Due to a number of reasons cryptocurrencies are becoming intensely popular form of internet money. The main reason for that can be no other than the fact that unlike conventional currency cryptocurrencies are safe, anonymous and completely decentralized. Moreover, their flow totally depends upon the market demand. Due to the Blockchain technology and the so much complicated code system, it is also impossible to counterfeit them.

bitcoin single currency

Views of Twitter CEO about the Future of Bitcoin

In an interview with The Times, Jack Dorsey, the CEO Twitter presented his views that there are chances that Bitcoin will become world’s single currency in the future. When asked for the time frame, Dorsey said that it may take further ten years. He further exclaimed that no matter how much time may take, but a day will come when the world will ultimately have a single currency, and the name of that currency will probably be Bitcoin according to him.

Role of ‘Square’ in Promoting Bitcoin

Jack Dorsey is also the CEO of world famous payment service Square, with this regard he has a keen eye for online transactions and the internet money flowing from one place to another. Jack Dorsey is personally very much interested in the rise of Bitcoin. According to one of his previous statements, his company Square will try its best to focus on options to interact with Bitcoin via their Cash App. Jack Dorsey believes that it will become a “transformation technology” for the internet technology.

Level of Jack Dorsey’s Trust in Bitcoin

Being a personal investor of Bitcoin, Dorsey believes that time will soon come when cryptocurrency especially fractions of Bitcoin would be used for buying simple things like coffee and other everyday purchase. Not only Bitcoin, Dorsey has also invested in ‘’Lightning Labs’’, which is working hard day and night to make the use of bitcoin much more faster and easier. Last week, Lightning Labs, released its first Bitcoin ready LN implementation. Due to this implementation free and frequent Bitcoin transaction has come closer to reality.

When asked about the scaling issues faced by Bitcoin right now, making it “slow and costly,” Dorsey answered that though it is a fact right now but with the passage of time new solutions will resolve that problem too. He further explained that when more and more people would have an easy access to Bitcoin, things would start to improve gradually.

The acceptance of Bitcoin by companies like Square, has probably led to future investment opportunities in it, further fueling its journey to become a single currency worldwide.

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How Bitcoin Differs from Traditional Money and Is It a Good Investment?

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Buying Bitcoin with Paypal

Bitcoin is a decentralized, peer to peer cryptocurrency which is used to make anonymous transactions without leaving behind any traces. Bitcoin is the first cryptocurrency to gain this much public attention and is being largely accepted by merchants as a form of payment all around the world.

In terms of usage, Bitcoin investment is no different from traditional currency. The users can buy, sell items through online as well as trade goods/services in physical stores. However, not everything is same. There are several factors that differentiate Bitcoin from traditional currency.

Let’s take a look at some of the major ways in which Bitcoin is different from paper money.

How Is Bitcoin Different from Traditional Money?

  1. Unlike fiat money, bitcoin is decentralized. There is no clearing house or authority (Government, Visa Network, MasterCard, Central Bank, etc.) to regulate the flow of cryptocurrency.
  2. Bitcoin network is peer to peer and is managed by users/miners around the world.
  3. The transaction fees are much lower because the money is transferred without going through a clearing house.
  4. The coins are earned by a process called Bitcoin mining. The miners around the world assemble blocks and are given mathematical problems to solve using Bitcoin algorithms. Those who are able to solve them correctly are rewarded with bitcoins.
  5. All Bitcoin transactions are stored in a public ledger called “Blockchain”. Anyone can visit this ledger to verify a transaction. This openness makes the cryptocurrency more transparent and reduces the possibility of any kind of fraudulent activity and double spending of the same coin. (Find out more on what is Blockchain and how does it work here)
  6. The currency can be obtained via Bitcoin exchanges or mining.
  7. For now, just handful of merchants on the web and in physical stores accept Bitcoin as a method of payment. However, the trend is increasing each day.
  8. A downside of bitcoins is that they are not insured by the government agencies which ultimately makes them irrecoverable if lost. If an owner somehow loses a hard drive or any other device in which the currency was stored, the coins are gone for good.

These are some of the facts about bitcoins that make them different from traditional currency. Now let’s go and look for the answer of” “is Bitcoin a good investment?”

Is Bitcoin A Good Investment:

Although bitcoins are gaining more acceptance and increasing in popularity each day, investing in Bitcoin is never considered a good idea. This because the currency is highly volatile and unpredictable.

For example, the Bitcoin price skyrocketed from $14 to $1200 and then dropped to $632 per BTC within a year. Such high instability in value makes Bitcoin a risky investment.

The best way to invest in bitcoins is to buying bitcoin with Paypal when they are being sold for less than $10 per BTC as this will give investors a larger margin of safety.

Tags: bitcoin investment sites, trusted bitcoin investment sites

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Bitcoin Sky-rockets above $4,400 – Sets new all-time high

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Just about a week ago, the cryptocurrency’s value was around $3,382 however, it gained a little over 30% and stood at $4,111 until Sunday, August 14.

On August 15, global exchanges experienced another $200 gain, rising to $4382 from $4,111 just a day ago. This movement is created from the sudden interest shown by new investors and analysts.

Investment managers and experts are now not only following the digital currency, but licensed financial specialists have put about $200 million in an initial coin offering (ICO) for a blockchain network known as filecoin a week ago, a project that targets at making a distributed protocol for file storage.

Additionally, with information from Coinmarketcap demonstrating the digital currencies are currently esteemed at $141 billion, a rise of about 20 percent from $118 billion a week ago.

 

News credits: coindesk.com

Image credits: dailyreckoning.com

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