Google has announced that regulated cryptocurrency exchanges will be allowed to advertise on its platforms in the United States and Japan starting in October. This removes some of the restrictions the company placed on crypto ads in June.

The company considers “financial products and services to be those related to the management or investment of money and cryptocurrencies, including personalized advice.”

Google Bringing Back Crypto Ads in US and JapanGoogle explained that “Advertisers will be able to apply for certification once the policy launches in October,” noting that “This policy will apply globally to all accounts that advertise these financial products.”


In May, Google announced restrictions on ads relating to “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).” This policy went into effect in June. According to Cnbc, Google’s parent company, Alphabet Inc., gets roughly 86 percent of its total revenue from advertising. The firm earned more than $54 billion in ad revenue in the first half of this year.


WHAT DO YOU THINK?

THIS IS THE SOURCE: https://news.bitcoin.com/google-crypto-ads-us-japan/

At the World Digital Mining Summit in Tbilisi, Georgia the blockchain firm and mining manufacturer, Bitmain Technologies, announced a new Antminer will be launched soon equipped with 7nm semiconductor technology. The firm’s CEO Jihan Wu reported that Bitmain’s next-generation ASIC BM1391 Finfet chip integrates more than a billion transistors for optimal SHA256 mining performance.



Over the past few months, a slew of new SHA256 mining rigs and new semiconductors have been revealed to the public. New mining rig models with far better performance and efficiency are being manufactured by GMO Group, Canaan, and other companies. Bitmain Technologies has been releasing new miners, but most of them have been for different consensus algorithms and not SHA256. The last Bitcoin (SHA256) miner the company revealed was a new water-cooled Antminer that focuses more on operation longevity. On Friday, the firm’s CEO Jihan Wu made an announcement at the World Digital Mining Summit in Tbilisi, Georgia, revealing the next Antminer is coming soon.

On stage, Mr. Wu explains that Bitmain has created a new 7nm semiconductor that integrates more than a billion transistors called the BM1391 chip. According to the company the 7nm Finfet design is built for maximum efficiency. Mr. Wu emphasizes the new model creates a circuit structure that can process a significant hashrate while keeping low energy at the same time. According to BM1391 tests, Bitmain notes the ratio of energy consumption to the mining capacity is as low as 42J/TH.

WHAT DO YOU THINK?

THIS IS THE SOURCE: https://news.bitcoin.com/bitmain-announces-next-generation-antminer-equipped-with-7nm-chip/

This week the cryptocurrency community has been discussing and dealing with the critical vulnerability that was found in the Bitcoin Core (BTC) reference client. Many observers are calling the bug one of the worst issues BTC has had in years, comparing the exploit to the March 2013 mandatory hard fork. In fact, in the eyes of many, the network is still vulnerable to massive inflation from an attack that costs a mere 12.5 BTC ($83,000).

Also read: Critical Bug Found in Bitcoin Core Invokes the Multiple Client Argument

Peter Todd: ‘The Most Dangerous Time Is Not *Prior* to It Being Patched, but Rather *While* It Is Being Patched’


The Bitcoin Core (BTC) community has been dealing with a critical vulnerability over the past few days. News.Bitcoin.com reported on the bug two days ago and some BTC supporters said because the exploit was patched now, “it wasn’t a big deal” anymore. However, if one was to observe social media and forums they would find that CVE-2018-17144 was a very big deal, and still to this day the bug poses a threat to the BTC network because not everyone has upgraded. Throughout yesterday and today, there are many subjective valuations from crypto-devs and well-known community members. For instance, the software developer Peter Todd explains the network can be the most vulnerable while the community is in the process of upgrading the recent patch. 

“The recent DoS vulnerability in Bitcoin, the most dangerous time is not *prior* to it being patched, but rather *while* it is being patched,” explains Todd. “Why? Because we have multiple implementations with different behavior, and thus potential chain splits — A 100% DoS crash is safer.”

WHAT DO YOU THINK?

THIS IS THE SOURCE: https://news.bitcoin.com/crypto-community-debates-bitcoin-core-bug-and-a-forced-upgrade/

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The blockchain technology has recently gained a great popularity and there are unlikely people who haven’t heard about Bitcoin and cryptocurrencies. The more coins enter the market, the more trading opportunities should be provided. In this case, crypto exchanges come into play. CoinMarketCap has over 200 trading platforms in its rating list. In fact, there are over 500 exchanges to choose from. Coinsbit has looked at the existing trading platforms and marked out key features that reliable and safe crypto exchange should have.

Key features of a perfect exchange

The rules for any exchange in the market are simple: registered legal entity, high level of security for transactions and users’ personal data, customer support, low transactions fees, high speed of transactions and more.

Coinsbit exchange provides traders with a wide range of opportunities that makes the platform legit, reliable, and secured:

Single Page Application
The exchange website doesn’t require much time to load and don’t overload the server.

CoinsCodes
Platform’s users can perform transactions between each other without the transaction fee;
High performance of the trading server

Transactions are fast and do not require much time to be confirmed. The exchange process up to 10.000 trading operations per second.

Security
The platform complies with the OWASP Top 10 standard. All financial assets of the traders are stored on cold wallets.

Client support
Coinsbit team provided a 24/7 support in English, Chinese, Japanese, Indonesian, Spanish, German, Russian languages;

Simple KYC
Fast user’s verification process;

Legitimacy
The exchange has a license to make trading operations in the EU.

Road for the future development
Exchanges should constantly evolve in accordance with the market requirements. Security, functionality, speed – everything should be developed with time in order to give users even more opportunities for trading crypto. By the end of 2018, Coinsbit is planning to introduce a margin trading with a 1:2, 1:3 leverage, cryptoloans in USD and USDT on the security of the cryptocurrency directly on the exchange, cryptofunding to make earnings on deposits in cryptocurrencies in the financing of margin trades, and hybridity in order to transfer part of trading pairs on a decentralized mechanism to increase the security of traders financial assets. One of the main goals of the team is to get a chance to be listed on CoinMarketCap.

More information about Coinsbit is available on the official website.

Press Contact Email Address
[email protected]

Supporting Link
https://coinsbit.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


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THIS IS THE SOURCE: https://news.bitcoin.com/pr-coinsbit-launches-reliable-and-safe-trading-platform/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US citizens file their taxe



This week, US representative Kevin Brady and a slew of other politicians from various states have written an open letter to the IRS commissioner on how digital currencies like bitcoin should be taxed. Right now, the current guidance for taxpayers is to file each and every transaction executed when using a cryptocurrency as each transaction is considered a taxable event. Cryptocurrencies are viewed as a commodity or property in the eyes of the IRS, so virtual currencies are also subject to capital gains laws. In representative Brady’s letter, the US lawmakers want the IRS to come up with some definitive guidelines that are less confusing than today’s current laws.

Brady also details that on May 17, 2017, the lawmakers had written a letter to the IRS with similar questions and the letter also asked for a comprehensive virtual currency strategy. The representatives explained that since the letter was sent last year, the IRS has been expanding its crackdown on individuals and businesses using digital assets without filing taxes.

“Since the emergence of virtual currencies, the IRS has struggled with how to treat virtual currencies for tax purposes and the amount of guidance necessary to assist taxpayers in understanding their tax obligations,” explains the letter directed to the acting IRS commissioner David Kautter.


WHAT DO YOU THINK?

THIS IS THE SOURCE: https://news.bitcoin.com/us-representatives-urge-the-irs-to-clarify-cryptocurrency-tax-guidance/

Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions shutting down accounts of brokers trading cryptocurrency without merit.


Also read: Zimbabwe’s Golix Battles To Grow Volume After Breaking Into Seven African Countries

Banks Probe To Fish Out Monopolistic Practices
The Administrative Council for Economic Defense (CADE) said on September 18 that it had started a probe of six of Brazil’s biggest banks for alleged malpractice in the trade of cryptocurrencies.

According to a report by Reuters, the Brazilian transparency and competition body is looking into allegations of “monopolistic practices” within the cryptocurrency industry “that could be limiting the action of brokers.”

“In fact, the main banks are imposing restrictions or even prohibiting … access to the financial system by cryptocurrency brokerages,” CADE is quoted as saying.

Banks under investigation include Banco Santander Brasil SA, Banco Bradesco SA, Banco do Brasil SA, Itau Unibanco Holding SA and Banco Inter and Sicredi, the report says.

Brazil is a groundswell of cryptocurrency activity in Latin America. The number of people trading bitcoin or any other cryptocurrency has soared from a few dozen thousands two years ago, to about 1.4 million today. More than $2.4 billion worth of bitcoin was traded in the country last year, up from just $160 million in 2016.


In January, the Brazilian Securities and Exchange Commission stopped local investment funds from buying digital coins because “cryptocurrencies cannot be qualified financial assets.”

The Commission, however, made a U-turn immediately after, allowing for indirect ownership, meaning Brazilians could buy into crypto-related investment funds. Even politicians are talking about bitcoin. A candidate for the presidential election set for next month is already talking of legalizing bitcoin.

WHAT DO YOU THINK?

THIS IS THE SOURCE: https://news.bitcoin.com/brazils-biggest-banks-under-investigation-for-monopoly-in-cryptocurrency-trade/

Ang sumusunod na piraso ng opinyon sa teknolohiya ng blockchain ay isinulat ni Alexander Borodich, CEO Universa.io, futurologist, at Forbes contributor

Tulad ng anumang iba pang mga hindi pangkaraniwang bagay na nangyari sa mata ng publiko o ang paksa ng hype, ang blockchain ay na-fleshed out sa mga alamat at interpretations at madalas na ito ay malayo mula sa katotohanan. Maraming nag-iisip pa rin na ang blockchain at Bitcoin ay mga kasingkahulugan at na ang mga ito ay isa pang pyramid investment scheme na hindi nagkakahalaga ng pagbibigay pansin.

Basahin din ang: Alleges Trader ay Bithumb ay Pagkawala ng $ 150,000 USD Araw-araw sa Washtrading

Ang konserbatibong diskarte ay isang natural na mekanismo sa pagtatanggol laban sa lahat ng bagay na bago, kahit na makatutulong ito upang makatipid ng enerhiya, oras at mga mapagkukunan. Ngunit ano kung mali ang paraan? May mga taong naniniwala sa blockchain at iniisip ito bilang progresibong isang teknolohiya bilang mga smartphone nang isang beses ay. Paano kung tama ang mga ito? Paano kung ang teknolohiya na ito ay magbabago sa aming mga buhay tulad ng isang beses sa Internet?

Hindi na kailangang bumaba sa mga tacks ng tanso. Ang ilang mga pangkalahatang pananaw sa blockchain at ang mga pakinabang nito ay sapat. May pagkakatulad sa pagitan ng blockchain at The Matrix movie mula 1999: "Maligayang pagdating sa tunay na mundo, Neo."

Kasaysayan ng Pera Bago ang Crypto
Ang iba't ibang mga bansa ay nagsisikap na magkaroon ng iba't ibang mga solusyon para sa pagpapalitan ng mga kalakal na kinakailangan para sa kalakalan. Habang napatunayan ng mga pakinabang ng ginto at pilak ang kanilang kataas-taasang kapangyarihan para sa millennia, ang mga kultura na walang access sa mga ito ay nakuha upang makahanap ng ilang mga pambihirang solusyon. Halimbawa, sa Micronesia, itinuturing nila ang mga bato ng Rai (malaking bato na disc) ng pera. Ang mga lehitimong alamat tungkol sa pinagmulan at kasaysayan ng mga may-ari ng mga bato ay madalas na iniuugnay sa kanila. Ang mga deal ay isinasagawa sa salita at hindi nangangailangan ng paglilipat ng mga bato. Ang bawat bagong may-ari ay dapat na markahan ang isang bato bilang kanyang, kaya ang buong kasaysayan ng pagmamay-ari ay sa bato.

Ang mga bato ay madalas na tinatawag na mga prototype ng blockchain. Ngunit siyempre, iyon ay isang palagay. Ang tunay na mga kondisyon para sa pagdating ng blockchain kasama ang pag-unlad ng Internet at lumalaking kakayahan sa computing ng modernong mga aparato. Siyempre, ang pag-imbento ng ideya ay nangangailangan ng isang tao na makabuo nito at makapagbibigay ito sa buhay. Alas, ang tunay na tagalikha ng blockchain ay na-shrouded sa misteryo, tulad ng mga pangalan ng mga taong naka-bato Rai sa pera.

Para sa ilang oras pagkatapos ng pag-imbento nito, ang blockchain ay popular sa isang napakaliit na bilang ng mga tao. Ang mga taong ito ay hindi seryoso. Sila ay natawa sa. Ngunit hindi sila sumuko sa paniniwala sa teknolohiya, at pinananatili nila ito at itinataguyod. Sa katunayan, nagkaroon ng pag-unawa sa mga tunay na posibilidad ng blockchain mula sa simula. Kaya hindi ito ang ilang di-makatwirang paniniwala kundi, sa halip, ang pag-iisip.

Ang aming pang-araw-araw na buhay ay nakatali sa mga dokumento at data. Sa ating mundo, kailangan namin ang mga tao o mga organisasyon na maaaring pamahalaan ang pera at mga dokumento, patunayan ang aming mga pagkakakilanlan, pamahalaan ang mga kopya, at i-verify ang mga iyon. Isipin ang mundo nang walang mga serbisyong ito. Iyon ay isang mundo na walang mga bangko, mga notaryo ng opisyal, mga ahente ng estado upang magrehistro ng iba't ibang mga kaganapan, mga komite ng halalan, mga opisina ng broker, at marami pang iba. Ito ay isang mundo kung saan maaari naming magtiwala sa isang sistema na binuo sa isang napatunayan na teknolohiya at hindi sa sangkap ng tao.

dito na lang ung karagdagang impormasyon: https://news.bitcoin.com/blockchain-reloaded-how-the-new-matrix-appeared/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications