LegacyFX Recension | Bitcoin Broker Recension 2019

Legacyfx MT5 mäklare

Minsta insättning - $ 250legacyfx mt5 bitcoin makler
Regulators - CySEC
EURUSD Spread - Från 0,8 pips
Plattformar - MetaTrader 4 & MetaTrader 5
Grundad - 2012
Land - cypern

LegacyFX rykte är solidt och det för en transparent trovärdig mäklare.
Traders verkar uppskatta handelsvillkoren, marknadstäckningen och plattformsvalet som erbjuds av mäklaren,
De är fullt reglerade

Företaget som äger varumärket LegacyFX är en som heter A.N. Allnew Investments Limited, och den är baserad på Cypern. Som en CIF (Cypern Investment Firm) regleras det av CySEC, vilket innebär att det är MiFID-kompatibelt.
Det är också medlem av det kompensationsprogram för investerare som stöds av de cypriotiska myndigheterna, genom vilket det verkligen kan erbjuda några ganska stora garantier för sina användare.

MiFID-överensstämmelse medför också ganska bra näringsidkarskydd, beträffande nästan alla aspekter av en mäklars verksamhet. Det tvingas till exempel mäklaren att hålla pengarna deponerade av sina användare i segregerade bankkonton.

Att vara MiFID-kompatibel är en mäklare teoretiskt fri att tillhandahålla finansiella tjänster inom hela EES, men på praktisk nivå finns det några undantag från denna regel.

Belgien är till exempel mer strängar än något annat europeiskt land när det gäller onlinehandel och finansiella tjänster. Som ett resultat av detta har mäklare som LegacyFX stängts av den belgiska marknaden, trots att CybersEC-licensen, förutom sin CySEC-licens, har registrerat sig med ett stort antal EES-baserade nationella tillsynsmyndigheter.

Eftersom det inte är licensierat / registrerat i någon form eller form i USA eller i Kanada, accepterar inte mäklare kunder från dessa länder heller.

Den officiella webbplatsen för operationen ger gott om information om reglering såväl som KID och den innehåller regelbundna rapporter om mäklarnas verksamhet.

De erbjuder utestående handelsvillkor som presenteras av de högre nivåerna.
Det finns fasta och rörliga spridningsmöjligheter, detaljerad information om vilken har gjorts tillgänglig på den officiella hemsidan.

Medan dessa konton inte är riktigt lämpliga för nybörjare är de väl inom räckhåll för de som verkligen seriösa om sin handel.

Faktum är att volymhandlare som uppfyller mäklarens krav erbjuds särskild behandling, handelsvillkor - såväl som inlåning / uttag.

Mäklaren erbjuder också enastående likviditet, bra genomförande samt anständigt hävstångseffekt.

   Börja Byta Bitcoin


LegacyFX-kontotyper

I detta avseende har mäklaren hållit saker inte så mycket enkla men ganska enkla.

Den enklaste kontotypen som finns tillgänglig för handlare är Silver. Det här alternativet kräver en minsta insättning på bara € 500, så det är verkligen ganska tillgängligt för nybörjare och avancerade handlare.

Det som är intressant är att de flesta av de funktioner och tjänster som finns tillgängliga via de högre kontotyperna är tillgängliga via Silver.

Undantag i detta avseende är Hotline Hotline, Advanced Analysis och 1-on-1 supportfunktioner.

Den maximala tillgängliga hävstången på Silver-kontot är 1:30, medan sprickor börjar från 2,4 pips.

Handlare som tittar på insatsen, kan välja den mest populära kontotyp som erbjuds av LegacyFX: Guldkontot.

Guldkontot kräver en minimibelopp på 5 000 euro och i utbyte mot pengarna erbjuder det mycket förbättrade handelsvillkor. Spridningarna på den här startar från bara 1,5 pips och den maximala hävstången är också 1:30.

Annars än de funktioner som erbjuds liknar nästan Silver-kontot, med skillnaden att Gold-konto faktiskt erbjuder tillgång till hotline för hanteringsrum, avancerad analys och 1-till-1-stöd.

Top-tier-kontot är Platinum One. Med en minsta obligatorisk deposition på 25 000 euro är den här endast för professionella näringsidkare.
Något att säga, för pengarna täcker kontot alla fördelar som webbplatsen har att erbjuda, och den har överlägset de bästa handelsvillkoren.

Spreadarna startar från endast 0,8 pips på det här kontot.

Högvolymhandlare bör dock veta att de kan vara berättigade till en ännu bättre affär än Platinum-kontot.

Var och en av de ovan beskrivna kontotyperna är en nollbytesuppsättning, vilket innebär att alla dessa konton låter sig bra för den islamiska troen och halalhandeln.


LegacyFX Handelsplattform

legacyfx handelsplattform

Mäklaren har ett komplett utbud av handelsplattformar, vilket innebär att dess plattformsval täcker varje operativsystem och en enhetstyp som en näringsidkare kan bestämma sig för att använda.

LegacyFX webbhandeln är den lättillgängliga handelsplattformen. Det är uppenbarligen en lösning utan nedladdning, och den erbjuder integrerad kartläggning, nyhetsflöden, live support och tekniska indikatorer.

Legacyfx erbjuder fortfarande metatrader 4 men MT5 är uppenbarligen den mest avancerade handelsplattformen som presenteras av mäklaren. Genom denna plattform kan handlare använda EA: er och de kan även skapa / lägga till egna, koppla dem med anpassade skript för bättre resultat.

Medan EAs verkligen är bland de mest populära funktionerna i MT4 AMD MT5, finns det mycket mer som den här plattformen erbjuder. Faktum är att handelsmiljön på båda plattformarna är fullt anpassningsbar, där handlare kan ställa egna diagram och till och med skapa egna tekniska indikatorer.

Kartläggningspaketet som erbjuds av MT5 är oöverträffat. Den har ett spännande utbud av tidsramar, diagramtyper och ritverktyg.

LegacyFX Näringsidkare Utbildning

Legacy Academy är namnet på mäklarens utbildningssektion. I det kommer handlare att hitta en Video of the Day-sektion, en ekonomisk kalender, samt en inledande sektion, som verkligen kan vara mycket användbar för nybörjare.

Den faktiska handel utbildning sektionen består mestadels av e-böcker och videoklipp.

LegacyFX Support

LegacyFX supportpersonal är kunnig och ivriga att hjälpa. Support kan kontaktas via livechatt, telefon och en mängd olika e-postadresser, för att inte tala om en e-postformulär som finns tillgänglig i Contact-sektionen.

support@legacyfx.com ska vara den mest relevanta e-postadressen i detta avseende.

Eftersom det inte är licensierat / registrerat i någon form eller form i USA eller i Kanada, accepterar inte mäklare kunder från dessa länder heller.
 

slutsats

LegacyFX är en solid och väl sammansatt handelsdestination. Det är lika med någon större online-mäklare där ute i fråga om plattform och omsättningsbart tillgångsval, för att inte tala om handelsvillkor. Det verkar inte som att stödja Cryptocurrency-baserade CFDs än men - men det kn inte riktigt ses som en allvarlig brist.

RIPPLENET Now almost houses 200 Banks

RIPPLE keeps expanding and now its focus on the Middle East.

At this time almost 200 Banks and financial institutions are active and connected to the RippleNet

Ripple expansion continues.

Dilip Rao is Ripple’s global head of infrastructure innovation, and he released a statement that almost 200 financial institutions and banks are now connected to the RippleNet.

Dilip Rao ripple expanding

this means that at the current rate every 6 days another customer is added to its network of payment providers that that use the company’s software solutions in order to process cross-border payments.

“We have to date signed up close to 200 financial institutions around the world, many of them from this part of the world…We now have three banks in Saudi Arabia, two in Kuwait, one in Bahrain, one in Oman, a couple in the UAE here. And it really is our fastest growing marketplace,”

at the end of the year there will also be the first office open in Dubai

EtihadTowers,_Abu_Dhabi,_ Ripplenet expands to the middle east

According to Rao, early adopters of Ripple’s tech can enjoy the company’s solutions where traditional payment platforms such as SWIFT are not practical.

“In some parts of the world, in South Asia for example, banks have given up on using Swift and have built their own proprietary technologies to interface into these corridors so they can move money quickly and cheaply to meet the needs of customers in these high volume corridors…” Dilip Rao

in today market if you send money abroad it is most often not clear what the costs are and all too often what yo send is not what the other side receives.

When commission can be performed in an flat-fee  this is an issue, as the fee might actually be close to the amount you want to send, so for smaller amounts that are to be transferred Ripple is the solution.

He concluded that this could lay the foundation for machine-to-machine transactions that move as little as a fraction of a penny.

All in all this is great news for the people that have ripple or invested in Ripple .

as this Cryptocurreny keeps on going strong and becomes more and more mainstream so also does its value and its value for traders.

if you plan to trade in cryptocurrencies, Ripple is one of the more trusted coins to trade in , this of course besides Bitcoin , ethereum and litecoin.

There are enough Brokers that have added Ripple to their offering like LegacyFX and UBCFX.

in short this is the cryptocurrency to watch for in 2019

 

What Is the Best Litecoin Mining Hardware in 2018?

What Is the Best Litecoin Mining Hardware in 2018?

Mining the major cryptocurrencies using hardware these days can take some serious investment. Not only does it involve financial outlay on the mining setup, but you should also understand the game enough to remain sufficiently competitive. If you think you’re about ready to invest in Litecoin mining hardware, then you’re in the right place, as our guide rounds up the best options available in 2018.

A Word of Warning

The prolonged bear market has made it difficult for miners in 2018. The energy costs in many countries mean that the costs of running a rig can outweigh the profits available. This can be the case when mining BitcoinLitecoin, or any of the other cryptocurrencies.

Before investing in any mining hardware, be aware of the risks. If the price of the coin you are mining goes down, you may end up paying more for the energy to run your mining rig than you will gain from the profits it generates. Additionally, you want to ensure that the profits you earn cover the costs of investing in your equipment. Check a profitability calculator and make sure you know what you are getting into.

Why Mine Litecoin?

While the value of Bitcoin is significantly higher than Litecoin, it may seem like Bitcoin is the more attractive option. However, mining Litecoin has some differences that could be advantageous. Notably, Litecoin mining operations are somewhat less saturated than Bitcoin ones.

Litecoin block mining happens every two and a half minutes in contrast to Bitcoin where a block is mined every ten minutes. Therefore, there are four times as many opportunities to mine a Litecoin block than a Bitcoin block. Block rewards for mining Litecoin are currently 25 LTC per block.

Like Bitcoin, Litecoin undergoes a halving periodically, which helps the coin keep its value. The next halving of Litecoin block rewards will be on August 7, 2019.

Litecoin mining hardware operates on the Scrypt mining algorithm. This means you could also put a Scrypt ASIC to use mining other cryptocurrencies that use the Scrypt algorithm, for example, Dogecoin.

Options for Litecoin Mining in 2018

Even as late as 2017, it was still possible to mine Litecoin using a CPU or GPU. Since ASIC use has become so predominant in cryptocurrency mining, it is unfortunately no longer competitive enough to mine Litecoin in 2018 using a CPU or GPU.

For this reason, anyone looking at the best Litecoin mining hardware for 2018 needs to purchase a Scrypt ASIC miner. Of course, this is a more expensive option than was previously available when GPU mining was possible. However, in 2018, it’s the only possible way that a miner can realistically compete for block rewards.

Litecoin Mining Hardware

Antminer L3++

There are far fewer options for Litecoin mining hardware compared to what available for mining bitcoins. Among the options available, the consensus is that the best Litecoin mining hardware available on the market today is the Antminer L3++ ASIC.

Balancing value for money against power consumption and hash rate (the speed at which the miner can mine the next block), the Antminer L3++ is definitely worth considering – particularly for those newer to the mining game.

It runs on 942w of power at a hash rate of 580mH per second. Although another model of Litecoin mining hardware operates with a higher hash rate (see below), the Antminer L3++ currently retails for less cost on Amazon at under $400. This makes it excellent value for the money among Scrypt ASICs. Bitmain is the provider manufacturing and selling the Antminer hardware.

The Antminer L3++ is the newest version of the Antminer Scrypt ASIC. However, there are older versions still on sale. There are two models of the previous version, the Antminer L3+, that run on 850w with a hash rate of 600Mh/s, or 800w for 504Mh/s.

It’s important to check whether or not the power supply is included when purchasing the Antminer L3+ or L3++. Models shipped directly from Bitmain do not have a power supply, so you must purchase it separately. If buying on Amazon, it may be possible to obtain a bundle with the power supply included.

Bittech L1

The Bittech L1 is a brand new Scrypt ASIC released in August of this year. It’s a more sophisticated piece of Litecoin mining hardware, albeit at a far higher price than the Antminer ASICs.

Reflecting its status as a more serious piece of kit, the Bittech L1 consumes 2600w of power to run a hash rate of 2600Mh/s. Therefore, it may provide a more profitable option than the Antminer hardware over a longer period of time. However, the initial outlay of nearly $1,000 means that it will swallow up profits for longer than the Antminer.

Innosilicon A4

The Innosilicon A4 LTCMaster is Litecoin mining hardware only for the most hardcore miners. It runs on 1500w of power with a hash rate of 1230Mh/s. However, what is likely to put off all but the most deeply invested miners is the fact that it’s only possible to order this Scrypt miner in batches of three at a time. With a cost of $3000 per machine, this is a hefty initial outlay, particularly in a bear market.

Innosilocon seems to have a poor reputation for customer service, with some buyers reporting issues with communicating with the company. The website is explicit that ownership transfers to the buyer once Innosilicon dispatches the parcel to the delivery couriers. If your $9,000 worth of mining gear arrives in a damaged state, it’s your lookout apparently. For this reason, the Innosilicon A4 comes last on our list.

In Summary

Mining cryptocurrencies can be highly profitable during bull markets. It can even still generate profit even in bear markets; if power costs are low enough and the hash rate high enough. To understand the current profitability levels of any of the Litecoin hardware recommended here, check out a profitability calculator first. Coinwarz calculators are a decent option for estimating the profitability of Litecoin mining hardware. It factors in the current mining difficulty levels, hash rate of each device, and energy costs in your area.

Above all, like any investment, make sure you understand the risks and payoffs before buying any mining hardware.

By SARAH ROTHRIE

The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market - or 'Forex' for short – or "FX" for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world's equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don't charge commissions – you pay only the bid/ask spreads.
  2. There's 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you're buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe
paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

Wanted Cryptography Experts in China

 Wanted Cryptography Experts in China

The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.

it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.

The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)

this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.

The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC  that Bans any activity related to the cryptocurrency market.

Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.

something like if you can beat them , copy them.

in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the  digital currency research institute

This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.

the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project

since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.

the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.

“Beijing's ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”

Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.

and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.

The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.

So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.

 

 

Fancy , The Luxury Shopping Marketplace Offers Discount for Bitcoin Purchases

Fancy , The Luxury Shopping Marketplace Offers Discount for Bitcoin Purchases

 People that have a large amount of Bitcoin and actually want to use them  ( you remember this is the actual purpose of the cryptocurrency 😉) are always looking for the places where to sue their coins where they are worth something and they do not have the use regular currencies.

Fancy Now also allows just that, this online store that holds a huge selections of luxury goods is a looking at the future and sees cryptocurrencies as a means for its customer base to connect to them. They offer   a large selection of  of luxury shoes, high-end gadgets and much more.

Now you are able to buy your goods online by using both Bitcoin and BitcoinCash, and additionally offers a special discount for cryptocurrency shoppers.

Cryptocurrency Discount on Luxury Goods

The Fancy.com, which is a a curated luxury goods marketplace featuring well over 250,000 different high-end products, has made it known that because buyers that use cryptocurrencies will save them a lot of money they are able to offers their good on that discount.

The company doesn’t have to pay any credit card processing or fraud protection fees on orders placed with Bitcoin and this will result in lower prices. So all who pays with bitcoin (BTC) or Bitcoin Cash (BCH) are able to use the special discount code “crypto,” in their check out shopping cart  can just type in the discount code “crypto,” and the price will instantly be reduced by 3%.  In order to see this in the big scale is that the average customer on this site spend well over $1000 thus making even 3% worthwhile

This is what we want to see from the retail Industry!!

 

  “Maybe we can be a part of the start of an enduring effort where all eCommerce companies adopt crypto and share the cost efficiencies with consumers.”   Fancy CEO, Joe Einhorn,

Bitcoin Cash Adaptation

The Fancy.com website already started accepting crypto payments on the platform via Coinbase Merchant Tools back in the early 2013.

However, in the beginning of 2018 Coinbase discontinued the product in favor of its newer Coinbase Commerce service and suspended custodial solutions for

 

merchants. This had as a result that companies like Fancy had to look for an alternative as making payments in cryptocurrencies become more difficult, which is for us who love the cryptocurrency wave actually the opposite what we want to see happening

So Fancy now switched to Bitpay.

Now, along with this recent change, the online marketplace has also started accepting BitcoinCash payments.

bitcoincash offered by Bitpay
bitcoincash retail shopping offered by Bitpay

Accepting Bitcoin Cash on Fancy is just the next step and the right step within the evolution of cryptocurrency use  to create a more frictionless commerce online and gives vendors the ability to conduct transactions in the most efficient way possible while saving costs at the same time

 

NVIDIA stops with Cryptocurrency Mining

NVIDIA stops with Cryptocurrency Mining.

By ELIZABETH GAIL

Nvidia Corporation is an American technology company incorporated in Delaware and based in Santa Clara, California.NVIDIA stops with Cryptocurrency Mining.
Stock priceNVDA (NASDAQ) US$283.70 +3.02 (+1.08%)
4 Sep, 16:00 GMT-4 - 
CEOJensen Huang (Apr 1993–)
Number of employees11,528 (January 2018)
Revenue9.714 billion USD (2017)

The cryptocurrency mining industry has been experiencing major headwinds since digital currency prices tumbled this year. And now, GPU manufacturer, NVIDIA, has pulled out of the crypto mining industry altogether.

According to its second-quarter report released on August 16, the company posted $3.12 billion in revenue with sales rising in lockstep for its Tegra and GPU divisions, hitting a 40 percent year-over-year growth.

The company achieved this amidst declining demand for GPUs within the crypto mining industry. This is in stark contrast to 2017, an epic period for the cryptocurrency market. A price boom that saw rates rise by over a thousand percent caused a mad dash among techies who scrambled to set up their own mining operations.

Consequently, graphics processing units such as those made by Nvidia hit peak demand. The new development was a boon for the company and meeting demand became a challenge. According to a revelation by Nvidia CEO, Jensen Huang, during an interview with TechCrunch in March, the company was having trouble keeping up with demand for high-end cards, which were already sold out at the time.

He blamed the crypto mining craze for the new supply problems but highlighted that demand from the nascent industry constituted an abysmal portion of the company’s overall business. And now, according to the company’s statement, it will no longer be expecting any contributions from the “flagging cryptocurrency sector.”

Weak OEM sales were apparently caused by low demand for GPUs in the digital currency industry. Projected OEM revenue was approximately $100 million, but actual figures only reached about $18 million.

According to CEO Huang and CFO Kress, last year’s demand-hike for GPUs was mainly driven by enthusiasts who bundled up graphics cards in the hopes of generating income from mining, but the trend seems to have died down. However, sales in the gaming sector rose by 55 percent in the second quarter as compared to the same period last year.

As such, the company is not worried about weak sales from the crypto market as it has already experienced and countered that.

NVIDIA’s Competition from Chinese Rival, Bitmain

In April, crypto pundits pointed out that fierce competition from ASIC manufacturing behemoth Bitmainwas likely to edge out both AMD and NVIDIA from the crypto market.

The forecasts were voiced after Bitmain unveiled an Ethereum mining system dubbed the Antminer E3. In March, Susquehanna had lowered its rating for AMD shares to negative from neutral following impending competition from Bitmain.

According to research carried out by the firm, Bitmain, which controls 70 to 80 percent of the bitcoin mining ASIC market, would hurt PC graphics card sales by companies such as NVIDIA and AMD upon the release of specialized miners. At the time, mining-related sales were estimated to account for 20 percent of AMD’s overall sales and 10 percent of NVIDIA’s revenue.

Competition from the company is believed to have contributed, to a small extent, to NVIDIA’s dwindling market-share in the cryptocurrency mining segment.

 

Originally Published first here at  coincentral.com

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  - 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket - 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

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