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Most commonly known for running the traveling site Expedia, Dara Khosrowshahi has just accepted the CEO job for Uber.

Khosrowshahi made a bold move when Expedia had announced that it will accept bitcoin as means of payment back in 2014. Back then the currency was still quite new and not many institutions were willing to invest in it.

Now, it’s very intriguing to think how Khosrowshahi is going to experiment with the world’s best cryptocurrency and the largest ride-sharing platform. Travis Kalanick, the founder and former CEO of Uber never gave in to the ideas of having Uber accept bitcoin but, this could change under Khosrowshahi’s charge. With the increase in interest shown by major companies, one can only imagine how far Uber would go if it joins forces with the cryptocurrency.

Nonetheless, we have only well wishes for Dara Khosrowshahi as he takes on this new challenge. No doubt, he’s got the potential to take the ride-sharing platform to places.

 

News Credits: fortune.com

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How to Make Money with Bitcoin Faucets (in less than 30 minutes)

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An Important Announcement By Global ICO Accelerator Program

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Iconiq Lab, based in Germany, is a global token sale accelerator and initial coin offering program. According to a recent announcement by Iconiq Lab, it has decided to launch two new branches in the US and Asia. This announcement was made public by Patrick Lowry, CEO of Iconiq Lab. The US branch is expected to be launched in New York in May, while the Singapore branch will be launched in July 2018.with the first batch scheduled to begin in Nov. 2018.

When asked about the reason for that launch, Patrick Lowry stated that due to the terrific success rate of German accelerator program and the unexpected feedback from the target community are the main reasons behind that launch.

accelerator program

Why was Iconic Lab launched?

Reason behind the launch of Iconiq Lab was to compensate the needs of both crypto investors and efforts leading to the completion of their own initial coin offerings. Iconiq Lab also launched a global ico accelerator program which was further made possible through the launch of their own token, the ICNQ Club Membership Token.

Basically the Iconiq Lab refers to a German based initial coin offering program which is also acting as a token sale accelerator program at the moment. Edge of that company is that it funds, develops and accelerates the most promising crypto-startups leading to their own token sale. Their speciality is that they help launch tokens supported by real-world business demands and sustainable solutions.

Financial cooperation with EOS and FinLab

FinLab AG is a public trade based German FinTech company builder. In Nov. 2017 it placed a an investment into Iconiq Lab which no doubt was a minor one but had strategic importance. This mutual cooperation led to the successful launch of an accelerator program on behalf of Iconiq Lab. the result and feedback was quiet amazing as Iconiq Lab received almost 200 applications for the first batch of that program  in late 2017. Due to several reason, it shortlisted the applications and eventually selected just five applicants to enter the program. That program was properly launched in Feb. 2018 in Germany.

These five selected companies are propelling towards their own initial coin offering and are at the moment in the middle of a digital roadshow. These companies are also giving rise to innovative Blockchain solutions.

Iconiq Lab’s mission behind all these efforts is to allow the flow of characterized creativity by using tokens as financial instruments. According to some crypto experts it will also facilitate crypto investors with dependable data in case they are trying to judge new token investment opportunities and their future impact.

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Cryptocurrency Mining Stocks – Which ones are the best?

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Cryptocurrency mining is a process through which businesses/persons with high-powered computers and servers compete against each other in order to solve extremely complicated mathematical equations – result of the encryption which is designed to protect transactions on a blockchain network. Top cryptocurrencies use mining process; however, others use different methods.

top cryptocurrencies

There are other factors that you

keep in mind, since there are inflated costs included in the crypto mining, as well.

must

  • Thousands of servers, processingunits, and hard drives are used for solving complex equations, making it a highly intense electricity practice.
  • This doesn’t only increase the electric bill, but also creates a lot of heat, so a cooling system might be required for it as well.
  • Likewise, hardware becomes outdated real-quick, so miners are also required to upgrade their equipment on daily basis to remain competitive.

Mineable Cryptocurrencies

All virtual currencies are not mineable. Mineable cryptocurrencies are:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Litecoin
  • Monero
  • Dash

However, other cryptocurrencies like Ripple, E

 

OS, Cardano, Stellar, IOTA, and NEO, use a different technique of transaction validation, which is known as “proof of stake.”

Cryptocurrency mining isn’t viable for everyone, though it has been lucrative. There are many ways through which investors can gain exposure to crypto mining.

 

AMD and NVIDIA

The most protuberant names of the bunch are:

  • NVIDIA
  • Advanced Micro Devices (AMD)

They are quite popular for their PC-based microprocessors and graphics card, respectively. However, no company has been impending related to how much of their sales are linked to cryptocurrency mining, but at the same time, each company has evidently profited from the sale of graphics processing units (GPU).

 

In reality, the demand for GPUs is quite strong and the price of graphics cards, including the new and the old ones is also increasing. This truly makes a little bit of a conundrum for both AMD and NVIDIA, as AMD is more commonly known. The main customers of both companies are potential gaming enthusiasts as well as enterprise customers.

If cryptocurrency mining demand keeps on plucking the supply from the market, the high price for graphics cards could come as an upheaval amid AMD and NVIDIA’s customers. On the other hand, if these companies make a product just for cryptocurrency mining, they will probably cut down the prices by cumulative supply and cram the sales.

Although both companies surely have so much going on outside the cryptocurrency mining industry, but still there’s a possibility that their share prices could consider the ebbs and tides of virtual currency token prices – consequently, making it something unforgettable.

 

TSMC (Taiwan Semiconductor Manufacturing Company)

Taiwan Semiconductor Manufacturing Company is among growing cryptocurrency mining stocks and isn’t really keen on revealing its sales percentage.  TSMC reported strong first-quarter functioning results last week, including a 6% upsurge in its sales from the prior-year period. The co-CEO and president of TSMC, C. Wei, explicitly said that these consequences were largely driven by robust demand for high-performance computing like “cryptocurrency mining.”

 

HIVE Blockchain Technologies

Well, if you want cryptocurrency mining exposure deprived of running your particular own mining operation, there is over-the-counter exchange-listed HIVE Blockchain Technologies. This widely traded cryptocurrency mining firm is trying to ramp up its operations in Iceland and Sweden at this time – envisions making almost $150 million in revenue every year from its operations.

Iceland and Sweden provide commercial kilowatt-per-hour electricity prices; below the European average. In addition to that, these are comparatively temperate nations, which could help in keeping mining equipment imperturbable.

Even with being a cryptocurrency mining start-up, HIVE Blockchain has already turned a revenue in its latest reported quarter. Certainly, the $149,724 in revenue was insignificant and resulted in $0.00 in returns per-share. It seems like HIVE could make over 10 times – each quarter when completely ramped up.

HIVE Blockchain isn’t specifically selling all of the tokens that it is mining. It does hang on to few of these coins, hoping they will appreciate in value. Consequently, HIVE directly allows an investor to access crypto mining margins, along with the movement in a trickle of some reputable digital currencies. However, some risks are also included.

Risks

  • As long as the business is totally devoted to cryptocurrency mining and lacks sales diversity, investors must know that if virtual currency prices drop significantly, their investment in HIVE could also drop.
  • Also, if you want to raise capital, it won’t be astonishing if HIVE Blockchain dilutes current investors through “bought-deal offerings.”

These are some risks that stock investors must have to endure; especially if they want to directly access a publicly-traded crypto mining stock.

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Countries That Accept Bitcoin Having Soft/Strict Rules

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Countries that accept bitcoins

There are more than 500 cryptocurrencies in the world, but Bitcoin has dominant worth. In fact, some countries become the hub of this peer-to-peer digital currency. Here, this article is about the story of some countries, which country uses Bitcoin and who accept the Bitcoin and use it in payment transactions.

Countries that say yes to bitcoins

If a country going to introduce Bitcoin technology to its financial sector. Then, it clearly means that country is going toward the revolutionary situation. It would leave a strong impact on its all sectors and also on related countries.

Bitcoin accepted countries:

Canada

Canada becomes a bitcoin-friendly country, which ensures that Bitcoin cryptocurrency is not used for money laundering. Canadian authority makes it sure that transactions of Bitcoin are taken place under complete supervision. Canada revenue agency takes Bitcoin transactions as barter transaction. In addition, income generated from these transactions named business income.

Australia

Australia allows The Australian taxation office considers Bitcoin transaction as barter arrangement. Which means, Bitcoin transaction legally completes its process under specific rules and regulation.

Estonia   

A small nation, accept the Bitcoin digital currency. It has no history of jumping to new technology. whereas, its financial sector show interest to implement on Bitcoin technology.  They are going to use blockchain technology for healthcare, banking services and much more.

Denmark

Denmark is one of the developed countries in the world with living standard and with financial stand as well. Bitcoin will be used in all aspects. Whether in means of exchange or to the alternative to central banking monopoly. Danish bank declares that “Denmark is home to a number of Bitcoin startups and exchanges such as CCEDK, which has been a prolific innovator in the crypto-space with recent releases of Bitcoin “3.0” technology and decentralized exchange.”

Countries with strict rules

In the same way, countries which opposed Bitcoin first. Now, those countries have a dominant part in Bitcoin transactions. They utilize its advantages in their investment. The main reason behind the opposition was the anonymous conduction of transactions between two account holders. it may use in illegal dealings like buying drugs or weapons…

Whereas, in presence of all securities, countries accept the Bitcoin with strict rules. Here are some countries with strict rules.

USA

As the USA is considered as Bitcoin friendly country. Whereas, the government is trying to control Bitcoin transaction process. Same as with its traditional money. Incidentally, Bitcoin is peer-to-peer digital currency and never controlled by anyone or any authority. In that case, USA government generate some rules regarding Bitcoin.

Japan

In the same way, Japanese Financial service agency place regulations to Bitcoin exchanges. According to Motokazu Endo, Attorney of FSA,

“Cryptocurrencies’ prices fluctuate sharply, and they’re highly speculative. Many exchanges have the weak financial basis, and should they go bankrupt, it would be tough to protect creditors’ assets.”

At this point, if Japanese people want to buy bitcoin. Then, they have to pay 8% consumption tax. And this all transaction will be through Yens. Because bitcoins considered as imported goods.

China

In July 2016, China introduces a law named “civil right object” to the public. Chinese can buy and sell goods through Bitcoin under this law.

 

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