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The Bitcoin development community is embracing a software upgrade which is known as SegWit. The purpose of SegWit is to increase the transaction capacity of the network and to avoid a split which possible in the cryptocurrency. As Bitcoin averted a split and here is what some proponents have to say about “What’s next for Bitcoin”.

Digital Currency Exchange

Adam White:

The head of Digital currency exchange ‘GDAX’, Adam White said, we are going to experience a better utility of the network. People can use Bitcoin as a source to transfer money more easily, more cheaply, and more quickly. It’ll attract the new users to the network.

There’ll possibly open blockchains like Bitcoin as we’re going forward, and that will be slow or conservative progression. But there’ll be other blockchains as Ethereum which may move much rapidly and it’ll introduce a larger platform for developers to lead it at the top. According to Adam White, both things will balance each other, not compete.

Elizbeth Stark:

According to the head of startup Lightning Labs, Bitcoin does not have Turning-Complete language as Ethereum, but there’re some new amazing factors which will enable to do so when SegWit will implement. She gave few examples as:

  • Small transaction as less than 1 cent, which may replace “ad networks”.
  • Instant-transaction confirmation in milliseconds.
  • Bitcoin can get a lot of its own ICOs.

Matthew Werner:

The head of payments engineering at Coinbase describes that it is a beneficial step for Bitcoin. There were a lot of queries about a Split but reaching a consensus for how to scale the Bitcoin further is obviously a huge step. Allowing things like Lighting Network and activating SegWit will be a great thing. By expanding the block size, we’ll be able to increase the number of users on a network. The element BIP91 came through and it’s a good signal because everyone wants to grow this network further.

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Amazon to Accept Bitcoin by October

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A newsletter from The James Altucher Report stated that Amazon to accept Bitcoin soon. It is said that this will be officially announced on October 26th during their earnings conference call.

So, will Amazon really begin accepting Bitcoin?

There are still some speculations on this statement, however, since eBay and PayPal already accept bitcoin and with Google recently joining the community. It’s only a matter of time until Amazon follows the same path.

Back in 2013, Amazon Web Services partnered up with Digital Currency Group i.e. one of the major investors in bitcoin and blockchain firms in order to:

“… provide such a service so the blockchain providers in DCG’s portfolio can work in a secure environment with clients who include financial institutions, insurance companies and enterprise technology companies.”

Basically, Amazon’s aim is to be the intermediary between DCG’s portfolio and their customers while transacting cryptocurrency.

According to Altucher’s newsletter:

Amazon is “working with financial institutions and [crypto experts] to spur innovation and facilitate frictionless experimentation.”

If Altucher happens to be right about this then once this news is announced, it could cause a massive boost to the cryptocurrency’s price.

We’ll have to wait to wait until October to find out what’s in store for us.

Story Credits: steemit.com

Image Credits: change.org

Tags: Amazon Bitcoin, amazon bitcoin payment

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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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How to Secure Your Bitcoin Wallet – Killer Tips for Beginners

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How to Secure Your Bitcoin Wallet

A Bitcoin wallet is a software program to store your coins. It’s pretty similar to the traditional bank account in many ways: it stores your bitcoin assets, is protected by a certain mechanism and allows no access to a third party. The only difference between the two is that one stores traditional currency while the other stores the digital currency that is Bitcoin.

Since Bitcoin is the most popular and valuable form of cryptocurrency, the hackers are always trying to sneak into the wallets and steal your assets. This ultimately makes it necessary for the users to keep their wallet as secure as possible.

In this article, we have discussed some killer ways to help you enhance your wallet security. Give them a solid read.

How to Secure Your Bitcoin Wallet?

Avoid Online Services:

How to Secure Your Bitcoin Wallet

As a bitcoin user, you will come across many services offering to store your coins online. It’s a big no-no! these services don’t provide sufficient security or insurance like a bank. Moreover, many events have been recorded in the past where these services suffered security breaches which saw their users lose millions in USD. If you are seeking the maximum security, go with the cold storage wallets.

Smaller Amounts for Daily Use:

How to Secure Your Bitcoin Wallet

Always carry smaller Bitcoin amounts with you. A Bitcoin wallet address is similar to having a traditional wallet. If you don’t keep a thousand bucks in your wallet, you would want to have the same approach for your bitcoin wallet address. Ask any Bitcoin expert and they will tell to carry smaller amounts for daily uses – and keep the rest in a safer environment such as a server, mobile or a computer.

Always Keep a Backup of Wallet:

How to Secure Your Bitcoin Wallet

Do not, I repeat, do not forget to keep a backup of your wallet. The computers we use are always vulnerable to the failure. Plus, we can’t rule out the human mistakes either. Any of this happens and your coins are gone for good. So, make sure to have a backup computer, hard drive, USB, etc. where you can access your coins in case they are lost.

Go Encrypted:

How to Secure Your Bitcoin Wallet

Encrypting your bitcoin wallet address is another important factor to keep your coins secured. The encryption allows you to set a password on your smartphone/wallet for anyone trying to steal your coins. While setting up a password, make sure it’s strong and not based on generic words. Use random combinations of words, symbols, and letters for the maximum strength.

Always Use an Updated Version of Wallet:

How to Secure Your Bitcoin Wallet

Never use an outdated version and always keep your wallet updated. This is because the older versions are more vulnerable to theft and lack the stability. On the other hand, newer versions include useful features which prevent you from security risks and tackle the problems of various severity.

Conclusion:

These are some techniques that can help you protect your Bitcoin wallet from theft, hacking and other risks. Apart from these, there is multi-signature encryption and offline wallets that you can use to protect your coins. Good luck.

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Bitcoin News: Another Huge Bitcoin Exchange Hacked

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Cryptocurrencies like Bitcoin are very trendy these days. Due to this popularity, many hackers in all over the world are speciously looking to get advantages of that. One of the largest Bitcoin exchange in the world was just hacked.

The Main Story:

The value of Bitcoin and Other digital currencies increased in past few months, which tells the main reason why people with malicious intentions will be looking to steal this amazing Virtual Currency.
According to Yonhap News, hackers attack Bithumb, cooperating about 30,000 accounts, which is the 3% of the total exchange’s customers. It is not clear how much currency was stolen, but some people said that they have lost money in the attack.

Image Credits: The Hacker News

Bithumb understood last week that the home personal computer of its employee was hacked. That’s the reason the hackers may have stolen customer data. But the stolen data does not have passwords, and the company also said that digital wallets which contain Bitcoin and some other coins were not emptied.
On any given day, in the world of cryptocurrency trade volume, Bithumb is the world’s top 3rd or 4th exchange.

A BraveNewCoin report explains that Bithumb has more than 75% of Bitcoin market of the South Korea. This exchange hosts 10% of the global Bitcoin trade. It also says that some 100 customers might have lost millions of gained, as one person has lost 1.2 billion after the hack. To put the thing in the perception, 1 billion gained is equal to $870,000. Or 340 Bitcoin at the current rate as 1 Bitcoin costs $2602.77 as of this moment.
Customers affected by this hack have now filed a complaint with cyber crime report Center of National Police Agency.

Story Credits: bgr.com

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Some Vital Tools for A Successful ICO Marketing Campaigns

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ICO marketing campaigns are taking over the world. If you want to be successful in this zone, you must have to present your product offering as a ‘must-have investment.’

  • Over 1,500 cryptocurrencies are operating across 10,000 markets.
  • The strategies for ICO marketing should fuse dynamic marketing, traditional ICO and marketing tactics campaigns to make a successful plan.
  • The collaboration that is present within successful ICO marketing plans hinges upon the association amid numerous methods.

ico token

Quality Grade Content

  • ICO marketing guidance isn’t much different, as the high-quality content is crucial.
  • This starts with a perfectly constructed white paper.
  • The white paper’s content should provide vibrant and clear instructions regarding how the token sale is going to be advantageous to investors.

Campaigns Based on Research

  • Market research is the keystone on which all successful and effectual campaigns are built.
  • Actually, methodical research will regulate if there’s a need for a new cryptocurrency in the market.
  • Flawed and weak research leads to failed consequences.
  • The ICO marketing companies should distinguish demographics from target markets, as well as an all-inclusive understanding of the crypto-community is also needed.

Marketing Plans

  • The most effectual means to market a cryptocurrency is through Telegram, which is a popular messaging app.
  • Telegram is a cloud-based messaging service which is run by a non-profit firm and is available for; iOS systems, Linux, Android, Windows NT, Windows Phone, Mac OS, and Android.
  • You can find other ICO marketing solutions as well like; social media sites, cryptocurrency forums which are highly ranked and other cryptocurrency informational platforms, like Bitcointalk.
  • Altogether, these marketing networks provide the finest possible attempt for a successful ICO.
  • Also, it’s essential to include traditional social media choices in the combination, as these can inflate the sway of the marketing campaign.

Resources Available to the ICO Marketing Team

ICOs (Initial Coin Offerings) are amid the most popular investment opportunities in the market.

  • Initial Coin Offerings (ICOs) with the blockchain tech uses a token-based model.
  • New cryptocurrencies that appear on the scene are expected to inflate at an exponential rate, which makes it more imperative to have the correct ICO marketing plan for the token-based business model.
  • ICO marketing companies comprehend the nuances and details of this unstable
  • Marketing activity should be focused on accomplishing the needs of all investors and trigger others who have just a little interest in the ICO token

Role of PPC

  • PPC is known as ‘Pay Per Click’.
  • It targets users based on certain analytical data so that it can reach an extensive audience that any other token-website could do alone.
  • PPC can immensely influence on adoption, sales, and ROI by redirecting attention from the crypto media network to the ICO pre-launch site.
  • It has got the ability to make leads and changes, allowing PPC marketing to endure a foremost and a leading tool in any ICO-marketing-package.
  • PPC is helpful for every stage of a crypto-development.
  • The ICO campaigns can successfully channel focus directly to the website of the company.
  • Efficiently managed PPC campaigns are expected to lead to successful results.
  • Facebook has banned cryptocurrency PPC ads. Plus, Google is also looking forward to ban all crypto-related PPC ads from June 2018.
  • Likewise, Twitter has also enforced a ban on all crypto-related ads, which will start soon.
  • The main reason behind this ban is to protect gullible folks who have no knowledge about the volatility of the market and to save them from making costly mistakes.
  • ICO marketing specialists use ‘Pay Per Click’ procedure in crypto media networks as this time-tested method attract well-versed crypto enthusiasts, investors, and traders.

Email Marketing Campaigns

  • Email marketing is immensely helpful for a well-structured ICO campaign.
  • At this time, multiple email marketing options are available for ICO marketing including, self-service campaigns and managed email campaigns.

Self-Service Email Marketing Campaigns

  • Self-service email marketing campaigns let ICO companies pick their favourite email listing and then generate their custom-made message.

ICO marketing manager

  • An ICO marketing manager can project the HTML-creative and then succumb it.
  • Email marketing campaign’s cost differs according to the offering’s quality, the number of emails, and the budget of the company that are expected to be sent via the campaign.

Channels Used for Cryptocurrency Resources

  • BitcoinTalk is considered as the leading portal to the crypto world.
  • For a successful ICO marketing campaign, it must exploit the power of these platforms.
  • BitcoinTalk has drawn the attention of the crypto community in a huge way and its effect has spread everywhere through the ecosystem.

For the ICO marketing campaign, publicity is always better and to get the well-known word out there, social media marketing across powerful crypto-oriented platforms, (BitcoinTalk, Facebook, Twitter, Instagram, and Pinterest) is essential.

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