Blockchain’s Big Year: Competitive Job Market Grows More Than 200%

Blockchain's Big Year:
Competitive Job Market Grows
More Than 200%

The number of blockchain jobs posted in the U.S.

this year has seen a dramatic increase, according to data provided to CoinDesk from one of the largest jobs sites. The just-published statistics from indicate that, since last December, that number has increased by 207 percent. Even more dramatically, the number of blockchain jobs has increased 631 percent since November 2015. Showing how hot cryptocurrency has become this year after being generally overshadowed by blockchain in 2016, 15 out of the 18 most popular industry jobs specifically mentioned "cryptocurrency" in the description.

Moreover, when seen as a percentage of the site's total number of job postings, the blockchain industry overall increased from only a few jobs per million to roughly 30 jobs per million, showing a slight increase relative to the overall available positions on the site. While many industry observers likely didn't need the numbers to know the blockchain industry has grown massively over the course of the last year, the quantification is interesting, especially as it relates to the divergence in the number of jobs searched compared to the number of jobs posted.

At the beginning of this year, the number of jobs searched neared parity with number of jobs posted, at about 20 searches each per million, according to the chart below, also provided by Indeed. Then, over the course of this year, the frequency of blockchain jobs searched increased by five times to almost 100 blockchain jobs searches per million. This combination of explosive blockchain jobs growth and the interest of jobs seekers has created a tumultuous environment, where the leading employers are duking it out over top-notch talent.

Vice president of product at, Terence Chiu said:

"While the number of opportunities and searches are still quite small, Indeed data shows that companies are increasingly seeking experts to focus on this new technology – and job seekers have been quick to react."

Not just technicians

While nearly all the jobs on were technical in nature, not all employers are after developers or engineers. This year also marked the birth of the Crypto Jobs List website, dedicated exclusively to crypto industry jobs. Launching in September with the promise to not scrape job postings from other sites, and instead only to publish original opportunities, the site has discovered a niche in the non-technical side of the industry.

With an average of two job postings per day, the site has listed 90 blockchain jobs so far, with about 20 more currently being "curated" for possible inclusion. Among those that have been posted are positions for writers, traders, marketers and lawyers. The site's founder and director of growth, Raman Shalupau, described the diverse demand,


"Even though demand for Solidity smart contracts engineers and core engineers is through the roof, there are plenty positions that are accessible for non-technical people."

As an example of this diversity, one of the largest industry employers, Deloitte, currently employs about 800 people across its various blockchain efforts, but only 400 of those are either blockchain developers or architects, according to numbers provided to CoinDesk. The other half of those jobs include positions such as business analysts, strategy and technology consultants, and tax and accounting experts. An estimated 75 percent of all blockchain jobs result from cross-training existing employees – an increasingly popular trend, according to Eric Piscini, a Deloitte principal who oversees much of the firm's blockchain work.

"Every morning when I wake up the first thing I think about is, where can I find more people to join the team?" he said. In addition to cross-training employees, Deloitte hires many of its staff from educational institutions and is one of the largest posters of jobs in the provided data.

The top employers

But it's not just the types of opportunities that differ greatly from job site to job site. It's also the types of employers. On Crypto Jobs List, the top three biggest blockchain employers are interoperable smart contracts startup Wanchain, ethereum client software startup Parity Technologies and asset management startup Cindicator. On the flip side, appears more attractive to legacy firms, with industry mainstays like Deloitte and JPMorgan, as well as interesting newbies including eBay, ESPN and Uber using the premium Indeed Prime service to actively seek out candidates. CoinDesk also reached out to several other large blockchain companies to get an idea of how employment numbers have changed.

Distributed ledger consortium R3, which earlier this year raised $107 million in venture capital, has grown its staff from 30 in early 2016, to 90 at the beginning of 2017, and as high as 150 today, according to the consortium's head of global talent, Simon Clarke. Clarke said R3 has had to become more competitive with its compensation packages, while focusing on creating a culture that encourages employees to stick around. "It's no secret that blockchain expertise is in huge demand right now," said Clarke. "Firms are fighting to hire the best talent, and candidates are able to be incredibly picky about the role they ultimately choose."

Computing giant IBM said that other large enterprises aren't the biggest threat in attracting talent. According to the firm's vice president of people and culture, Mike Schade, it's rather the blockchain startups that are most attractive to job seekers. Since the beginning of the year, IBM has grown the number of blockchain-focused employees it has from 400 to 1,500, primarily by giving those employees access to its biggest clients (whereas startups generally offer equity in the company). Yet, if that doesn't work, Schade said the tech giant works to keep friendly relations with even former blockchain employees, in case the startup life doesn't work out. "We keep in touch with them closely,"

A new kind of employee

Beyond just changing the relationship these companies keep with former employees, blockchain technology is also changing the nature of employment itself, according to Andrew Keys, an early employee of ethereum startup incubator ConsenSys. Formerly the head of global business development for the firm, Keys is himself as an example of the evolving arrangements that are helping change what it means to be an employee. Keys is now the co-founder of ConsenSys Capital, which is just one of more than 25 so-called "spokes" of ConsenSys as a larger company. Each spoke has its own founder, who interacts with the corporate hub in his or her own way.

But along with their job titles, Keys and other employees identify as "members" of ConsenSys, an allusion to their varying vested interests in the company's success. The company, which grew from about 100 employees in January to about 470 today, offers a spectrum of compensation arrangements, including varying degrees of equity, salary, token distribution arrangements and other affiliations. "We're blurring the lines of what employer-employee relationships are," Keys told CoinDesk.

Threat to jobs?

In the end, though, the total number of blockchain jobs in the economy will likely be more difficult to calculate than any other profession, as will their impact on other jobs. While jobs numbers are always an estimate, blockchain roles in particular will likely always be tough to quantify due to the pseudonymous or anonymous nature of many in the industry. That's not the only reason why the impact of blockchain on the jobs market could prove difficult to calculate, though. The often touted "increased efficiency" achieved by a shared, distributed ledger has increasingly become a widely used euphemism for cutting jobs.

Earlier this year, Digital Asset Holdings founder Blythe Masters warned that there was no guarantee blockchain would be a net win for the jobs industry. Echoing that sentiment is Mizuho Bank senior digital strategist working with blockchain, Ikuma Ueno. Following an address Ueno gave at banking conference Sibos earlier this year, he argued in interview with CoinDesk that employers might eventually have a responsibility to retrain the employees that blockchain makes irrelevant – if they can. "It's always hard to tear off the people who have been dedicated to that service for 25 or 30 years, and then tell them to do sales. It's not going to work," he said,


"But that must be taken into consideration when you are trying to do new approaches."

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


Bitcoin futures suggest breakneck rise in price to slow

Bitcoin futures suggest breakneck rise in price to slow

Bitcoin futures suggest breakneck rise in price to slow

NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market.

Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange.

The one-month bitcoin contract <0#XBT:> opened at 6 p.m. local time (2300 GMT) on Sunday at $15,460. By late afternoon on Monday in New York, it was trading at $18,650, roughly 8 percent above bitcoin’s spot price of $16,900 on the Bitstamp exchange.

Bitcoin earlier hit a record high of $17,270.

Its steep gains and rapid rise have attracted investors around the world as well as intense scrutiny from government regulators, which is the very opposite of what its creators wanted when it first launched bitcoin more than eight years ago.

“The bitcoin founder should be horrified seeing it rise so quickly, as any serious focus on it and its recent explosive move higher will soon end its freedom,” said John Taylor Jr, president and founder of research firm Taylor Global Vision in New York.

Taylor believes that based on his charts, bitcoin has not yet peaked, but as soon as the “upmove ends, it will crash.”

Given bitcoin has almost tripled in value over the past month, and was up more than 15 percent on Monday alone, the futures pricing suggested investors see price increases moderating.

Bitcoin futures were already offered on some unregulated cryptocurrency exchanges outside the United States, but backers said the U.S. market debut would confer greater legitimacy on the volatile cryptocurrency and encourage its wider use.

The CME Group (CME.O) is expected to launch its futures contract on Dec. 17.


Although there are hopes that the futures will draw in new investors, most fund managers at larger asset managers and institutional investors said bitcoin remains too volatile and lacks the fundamentals that give other assets value.

“There’s no place for bitcoin in a multi-asset portfolio given the very high volatility,” said Robeco Chief Investment Officer Lukas Daalder.

The two-month contract was trading at $18,750, an 11 percent premium over the spot price, while the three-month contract was changing hands at $18,140, a roughly 12 percent premium.

While modest when compared with bitcoin’s 270 percent increase over the past three months and 230 percent rise in the last two months, those levels still indicated a lack of large “short” positions betting against bitcoin.

“Anyone, especially a professional trading outfit, would be crazy to actually short sell this bull market,” said Nick Spanos, founder of Bitcoin Center NYC. “But just because it doesn’t happen on day one doesn’t mean it won’t in the future.”

Bitcoin was up more than 1,600 percent so far in 2017, having started the year at less than $1,000.


As of early afternoon trading in New York, 3,951 one-month contracts had changed hands, meaning around $73.1 million had been notionally traded. That compares with daily trading volumes of more than $21.5 billion across all cryptocurrencies, according to trade website Coinmarketcap.

There had been speculation that the futures launch would trigger more gyrations in the market. But while volatile compared with traditional currencies or assets, the rise on Monday was relatively tame for bitcoin.

Bitcoin surged more than 40 percent in 48 hours last week, before tumbling 20 percent in the following 10 hours.

“(Bitcoin futures) will speed up the march towards legitimization of an asset class that only a few years ago many law enforcement agencies would have argued had limited legitimate reasons for people to use,” said Jo Torode, a financial crime lawyer at Ropes & Gray in London.

The futures are cash-settled contracts, allowing investors exposure without having to hold any of the cryptocurrency.

The futures are based on the auction price of bitcoin in U.S. dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs and brothers Cameron and Tyler Winklevoss.



Bitcoin was set up in 2008 by an individual or group calling themselves Satoshi Nakamoto, and was the first digital currency to successfully use cryptography to keep transactions secure and hidden, making traditional financial regulation difficult if not impossible.

Central bankers and critics of the cryptocurrency have been ringing the alarm bells over its surge in price and other risks such as whether the opaque market can be used for money laundering.

“It looks remarkably like a bubble forming to me,” the Reserve Bank of New Zealand’s Acting Governor Grant Spencer said on Sunday.

Somebody who invested $1,000 in bitcoin at the start of 2013 would now be sitting on around $1.2 million.

Heightened excitement ahead of the launch of the Cboe futures gave an extra kick to the cryptocurrency’s scorching run this year.

The launch has so far received a mixed reception from big U.S. banks and brokerages.

Several online brokerages, including Charles Schwab Corp (SCHW.N) and TD Ameritrade Holding Corp (AMTD.O), did not allow trading of the new futures immediately.

The Financial Times reported on Friday that JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) would not immediately clear bitcoin trades for clients.

Goldman Sachs Group Inc (GS.N) said on Thursday it was planning to clear such trades for certain clients.


Additional reporting by Chuck Mikolajczak and John McCrank in NEW YORK; Michelle Chen in HONG KONG and Helen Reid in LONDON; Graphics by Ritvik Carvalho in LONDON and Reuters Graphics team; Editing by Meredith Mazzilli



Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur


A BIT LIKE BITCOIN Iota price and how to buy – what is the cryptocurrency and how does it compare to Bitcoin?

Iota price and how to buy – what is the cryptocurrency and how does it compare to Bitcoin?

Iota – which stands for Internet of Things Application – is a new digital currency, similar to Bitcoin
IOTA is the latest word on the tips of people’s tongues as cryptocurrencies continue to make the news.
Here is everything you need to know about it…

Iota is a bit like Bitcoin but different in a few key ways

What is Iota?

Iota – which stands for Internet of Things Application – is a new cryptocurrency, similar to Bitcoin. But it is different in certain key ways. Bitcoins aren’t printed, like pounds, dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world. To process Bitcoin transactions, a procedure called “mining” must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.

For each problem solved, one block of Bitcoin is processed. Iota, on the other hand, removes the need for this by asking anyone submitting a transaction to verify two other random transactions. It all sounds quite technical but it basically means it is decentralised, there’s no fee for transactions and the more people using Iota the faster the network becomes.

How do you buy Iota?

You can buy Iota by using something called a crypto exchange – the same as if you were buying other cryptocurrencies.The main difference with Iota is that it is not available to buy directly with traditional cash – you can only trade it for another cryptocurrency. That means if you want to get your hands on some Iota, you first need to acquire something like Bitcoin or Ethereum. Some of the most popular options for buying these are Coinbase, and Xapo. You can then trade them on certain crypto exchanges for Iota.

There are currently only two exchanges with significant trade volume of Iota – Bitfinex and Binance. Bitfinex is based in Hong Kong and is better for non-US customers. But anyone thinking of investing in Iota or any other cryptocurrencies should be very careful. Their values are volatile, with the ability to plummet as quickly as they shoot up. And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online.

Is Iota as valuable as Bitcoin?

Iota is not as valuable as Bitcoin, which was today (11 December) trading at £12,503.76 for a single unit. Iota is a newer currency which – trading as “Miota” – is worth just £3.16 ($4.23). But its value has shot up by more than tenfold over the last six months.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


Cryptocurrency Scammers Took At Least $1.7 Million From Canadians Last Year

Cryptocurrency Scammers Took At Least $1.7 Million From Canadians Last Year

Cryptocurrency scams doubled from 2016.

Digital currencies like Bitcoin and Ethereum

have become incredibly valuable in a very short period of time; in the last 12 months, one bitcoin went from being worth $700 USD to over $16,000 at the time of writing. Perhaps unsurprisingly, this has made cryptocurrencies—and the people who own them— more attractive targets for criminals.

To see a concrete example of this trend, you only have to look to Canada. In 2017, scams involving cryptocurrencies doubled from the previous year, according to the Canadian Anti-Fraud Centre, the Canadian Press reported on Monday. The total amount of fiat money stolen from Canadians through cryptocurrency scams in 2017 was $1.7 million CAD ($1.3 million USD), the anti-fraud agency reported. And, presumably, that's just what victims reported to the agency. This year’s cryptocurrency crime numbers are five-fold greater than in 2015.

Canada has seen some high-profile cryptocurrency scams this year. A Quebec-based Ethereum startup called PlexCoin collected nearly $15 million USD from unsuspecting victims before the scheme came under fire from Canadian and US finance regulators. Last week, PlexCoin’s CEO was sentenced to two months in jail by a Quebec court.

Cryptocurrency scams are really a dime a dozen these days, with criminals even going so far as to set up entirely legitimate-looking websites with real, and helpful usability guides—but all the links are fakes that steal digital coins or user information. It makes sense, since digital currencies are extremely valuable, but can also be irretrievably lost with the push of a button. It’s a perfect storm.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


Winklevoss twins predict multitrillion-dollar value for bitcoin

Winklevoss twins predict
multitrillion-dollar value for bitcoin

  • Bitcoin investor Cameron Winklevoss told CNBC he sees the cryptocurrency ultimately becoming a 'multitrillion-dollar asset'
  • He disputed claims that bitcoin is in a bubble, and said it was justified for someone to use the token without understanding the underlying technology
  • Looking ahead to the launch of bitcoin futures contracts, he said he thinks "derivatives set the stage for other products and is the next logical evolution of this market

Cameron Winklevoss and Tyler Winklevoss.

Bitcoin investor Cameron Winklevoss — one half of the twins reported to have just become the world's first bitcoin billionaires — says the skyrocketing cryptocurrency is primed to head higher. Winklevoss and his brother Tyler famously settled with Facebook founder Mark Zuckerberg in 2008 over the claim that he stole the idea for the social network. But it's what the brothers have done in the cryptocurrency realm that has been making headlines of late — and they don't think it's run its course.

"We've always felt that bitcoin, given its properties, is gold 2.0 — it disrupts gold. Gold is scarce, bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. At a $300 billion market cap, it's certainly seen a lot of price appreciation, but gold is at $6 trillion and if bitcoin disrupting gold is true and it plays out … then you can see 10 to 20 times appreciation because there is a significant delta still," Cameron Winklevoss told CNBC on Friday. "Long term, directionally, it is a multitrillion-dollar asset — I don't know how long it takes to get there," he added. While the bitcoin investor predicted success ahead, many financial luminaries have told CNBC they believe the cryptocurrency is a bubble of historical proportions. But Winklevoss, for his part, disputed that characterization.

"We've seen the bubble term thrown around and it's just not the right way to look at this," he said. "Social networks grow in value exponentially based on the number of users and participants. The difference between one and 100 is dramatic — 100 and a million is that much more dramatic and exciting. As more people join it gains more value." And even though some of those people getting involved with the platform may not understand the advanced technology behind it, Winklevoss said he's not worried, explaining that "most people don't know how the internet works but they are comfortable using it."

The investor declined to say just how many bitcoin he has, but said he's "directionally long" on the most popular cryptocurrency and also invested in rivals ether and filecoin. While some analysts have cautioned that the sheer number of different crypto assets could dilute the gains of the ecosystem, Winklevoss told CNBC he didn't share those concerns. "Bitcoin is not competing with those other currencies. It is competing with gold. Bitcoin is the oldest, it has the first mover advantage and there's tremendous liquidity," he said, adding that the problem ether is trying to solve is different than bitcoin's payment application. "I think it's great if there are a number of cryptos."

Looking ahead, the next major catalyst for bitcoin will be the CBOE bitcoin futures contract, which uses the Gemini cryptocurrency exchange co-founded by the Winklevoss twins. "We are the price mechanism for the contracts when they settle," Winklevoss said. Some experts say the CBOE and CME futures launch over the coming two weeks will help pave the way for bitcoin ETFs. In March, the U.S. Securities and Exchange Commission rejected the Winklevoss ETF, which the twins have been working to get on the market.

"We think derivatives set the stage for other products and is the next logical evolution of this market," Winklevoss said. The SEC is said to be reviewing bitcoin ETFs, but a decision is not anticipated this year. In general, regulators have been paying more attention to the cryptocurrency market, and Winklevoss said more oversight is actually a good thing. "When Silk Road got busted, the price of bitcoin appreciated considerably and transaction volume did not decrease. In fact the number of transactions on blockchain only increased from that point forward. So this idea that bitcoin is powered by dark market or money launderers is simply false."

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


Who Accepts Bitcoins As Payment? List of Companies,Stores, Shops

Who Accepts Bitcoins As Payment?
List of Companies
,Stores, Shops

Bitcoins are taking over the crypto-currency marketplace

Who Accepts Bitcoins? Who accept bitcoins as payment? Bitcoins are taking over the crypto-currency marketplace. They’re the largest and most well-known digital currency. Many large companies are accepting bitcoins as a legitimate source of funds. They allow their online products to be bought with bitcoins. With the extreme facilitation of transfer and earning of bitcoins, it would be a mistake not to accept these new-found online coins as cash.

With a fluctuating value, the funds can either help or hurt the company. This fluctuation of inflation can be a boon to business, unless the market is valuing the coins insanely high, sometimes reaching 1000$! So really who accepts bitcoins?  Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency. –
An online company that allows user to create free blogs –
A company that sells big ticket items at lower prices due to overstocking

Subway –
Eat fresh Microsoft –

Reddit –
You can buy premium features there with bitcoins

Virgin Galactic –
Richard Branson company that includes Virgin Mobile and Virgin Airline

OkCupid –
Online dating site

Namecheap –
Domain name registrar –
Travel booking site for airline tickets, car rentals, hotels –
Online travel booking agency

Gyft –
Buy giftcards using Bitcoin –
Online electronics retailer now uses bitpay to accept bitcoin as payment  

Wikipedia –
 The Free Encyclopedia with 4 570 000+ article

Alza –
Largest Czech online retailer The Internet

Archive –
web documatation company Bitcoin.

Travel –
a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world Pembury

Tavern –
A pub in London, England  

Old Fitzroy –
A pub in Sydney, Australia

The Pink Cow –
A diner in Tokyo,

Japan The Pirate Bay – 
BitTorrent directories

Zynga –
Mobile gaming 4 –
For premium services

Torrents TV shows provider –
The new venture started by the former owner of MegaUpload

Kim Dotcom Lumfile –
Free cloud base file server – pay for premium services

Etsy Vendors –
93 of them PizzaFor –
Domino’s Pizza signed up – pay for their pizza with bitcons

Whole Foods –
Organic food store (by purchasing gift card from Gyft) –
Buy your favorite coffee online Grass Hill

Alpacas –
A local farm in Haydenville, MA

Jeffersons Store –
 A street wear clothing store in Bergenfield, N.J

Helen’s Pizza – 
Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register.

A Class Limousine –
Pick you up and drop you off at Newark (N.J.) Airport –
Get SEO work done on your site cheap – 
Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more. – 
Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy) –
Online newspaper –
Indie game site –
Games for PC, Mac and Smartphones (iPhone, Android, Windows) –
Chicago based online newspaper.

San Jose Earthquakes –
San Jose California Professional Soccer Team (MLS) – 
The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)

Lumfile –
Server company that offers free cloud-based servers

Museum of the Coastal Bend – 
2200 East Red River Street, Victoria, Texas 77901, 

USA Gap, GameStop and JC Penney –
have to use

Etsy Vendors –
Original art and Jewelry creations.

Fight for the Future –
Leading organization finding for Internet freedom.

i-Pmart ( –
A Malaysian online mobile phone and electronic parts retailer. – 
A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area

Dish Network – 
An American direct-broadcast satellite service provider.

The Libertarian Party –
United States political party. –
Croatian yacht charter company.

Euro Pacific –
A major precious metal dealer.

The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin.

Straub Auto Repairs – 
477 Warburton Ave, Hastings-on-Hudson, NY 10706 – (914) 478-1177.

PSP Mollie –
Dutch Payment Service.

Intuit – 
an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.

ShopJoy –
An Australian online retailer that sells novelty and unique gifts. –
Las Vegas high speed internet services. –
High speed, ultra secure VPN network.

Grooveshark –
Online music streaming service based in the United States.

Braintree –
Well known payments processor.

MIT Coop Store – 
Massachusetts Institute of Technology student bookstore.

SimplePay – 
Nigeria’s most popular web and mobile-based wallet service.

SFU bookstore –
Simon Fraser University in Vancouver,

Canada State Republican Party –
First State Republican Party to accept bitcoin donations. –
Respiratory medical equipment supplies store. –
An online store that allows anyone to sell their products.

Famsa –

Mexico’s biggest retailer Naughty.

America –
Adult entertainment provider.

Mexico’s Universidad de las Américas Puebla –
A major university in Mexico.

LOT Polish Airlines –
A worldwide airline based in Poland. –
Online movie ticket exchange/retailer.

Dream Lover –
Online relationship service.

Lionsgate Films –
The production studio behind titles such as The Hunger Games and The Day After Tomorrow.

A Japanese e-commerce giant.

Badoo –
Online dating network RE/MAX.

London – 
UK-based franchisee of the global real estate network.

T-Mobile Poland –
T-Mobile’s Poland-based mobile phone top-up company.

Stripe – 
San Francisco-based payments company.

WebJet –
Online travel agency Green Man.

Gaming – 
Popular digital game reseller.

Save the Children  – 
Global charity organization.

NCR Silver –
Point of sales systems.

One Shot Hotels –
Spanish hotel chain Coupa Café in Palo Alto.

PureVPN –
VPN provider.

That’s my face –
create action figures.

Foodler – 
North American restaurant delivery company.

Amagi Metals –
Precious metal furnisher Note:

More who accepts bitcoins companies, stores, merchants will be added as they’re announced! With many companies accepting the change and others getting ready to, bitcoins are an extremely fast-spreading currency. Small businesses aren’t missing out on the action; many small shops have made the switch as well. QR codes are the biggest help in real-world bitcoin transfers. Using a smartphone and a Bitcoin wallet app, a user scans a label and presses a small buttoned aptly named “spend.” The list above is a current list of who accepts bitcoins. We’ll keep adding to this list as more companies get on board! Transferring digital funds is becoming easier with the day by the use of growing technology. Smartphones and tablets make a cold, online transfer of money a more personal one. Many retail stores carry gift cards that can be bought with paper money.

You plug a code into an online wallet, and the funds will be transferred to you. Related: How to Accept Bitcoin Donations on Your Blog / Site Though not all companies have made the switch, most have taken notice of the quick trend. The New York Times, a newspaper company, is currently looking for third party affiliates to help host the bitcoin currency. This is just a small example, there is no doubt many more companies are making the switch. Even newly legal pot shops in Washington are beginning to back the bitcoin as a viable currency. Some companies have lingering doubt, due to the infancy of the market. Only introduced 5 years ago, Bitcoin is still growing. Without a government backing the cash, the value fluctuates rapidly. Though some companies have taken the risk, some still doubt the currency.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


Zcash Sets Roadmap for Blockchain

Zcash Sets Roadmap for Blockchain

The zcash development team is planning a series of network upgrades

for next year, according to a roadmap published today. Writing on the zcash blog, co-founder Zooko Wilcox and CTO Nathan Wilcox detailed two milestone upgrades – "Overwinter" and "Sapling" – the latter of which was discussed in a roadmap update earlier this year. According to the post, the goal of next year's upgrades is to "further upgrade zcash's performance, security, and usability."

The first update, Overwinter, is scheduled to go live in June 2018. Per the post, that upgrade is focused on "making itself and future network upgrades safer for users, even in the case of governance contention." Though light on detail at present, the Wilcoxes said that future details about the update would be released in a future blog post. The second one, set to take place in September, is centered around its "Sapling" protocol, which is aimed at boosting the capability of the cryptocurrency's privacy-oriented shielded transactions.

The two wrote:

"Sapling will activate the Sapling protocol update, bringing orders of magnitude improvements in both time and memory to shielded transactions, making mobile wallet support feasible. Additionally, Sapling will rely on the Powers of Tau open-participation parameter setup, largely mitigating concerns about the parameter setup risks for zkSNARK applications (including other applications outside of Zcash)."

The post concludes by suggesting that other upgrades may be in the offing, including functionality for smart contracts and research into the proof-of-stake algorithm. "Possibilities include scalability improvements to allow practically unlimited numbers of transactions, novel consensus algorithms such as Proof-of-Stake, and private and scalable smart contracts," they wrote.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


Apple Patent Filing Hints at Blockchain Use/Australian Exchanges Now Required to Register with AML Regulatory Body

Apple Patent Filing Hints
at Blockchain Use

Apple has recently submitted a new patent application

that uses Blockchain within a prospective system for creating and verifying timestamps. Based on the public application to US Patent and Trademark Office on Thursday where Blockchain technology was used to certify timestamps as a program combined with Public Key Infrastructure (PKI) tools. Apple's application describes three possible methods for establishing timestamps, with one of these scenarios centering on a Blockchain platform. There is a use case in question where data stored involves tying a piece of information to a particular transaction on a Blockchain, establishing the state of that data at a particular point in time.

The program would generate a block containing a timestamp, with every subsequent block being added as miners verify each transaction conducted on the chain. This system is part of what Apple is calling a "multi-check architecture," meaning that another system would confirm the timestamp after the block is generated but before it is added to the chain. Like other established institutions, Apple believes in the power of Blockchain technology and its benefits.

Apple has seen the benefits of how the transactions are verified and approved by consensus among participants in the network, making fraud more difficult. The technology operates on a distributed rather than centralized platform, with each participant having access to exactly the same ledger records, allowing participants to enter or leave at will and providing resilience against attacks. According to the application, using a decentralized ledger to store timestamps has two main benefits – it can propel the time to maintain permanent and can have a protected from corruption if a single node is compromised by malicious actors.

Australian Exchanges Now Required to Register with AML Regulatory Body

The Australian government has implemented a law

mandating Bitcoin exchanges operating in the country to register with the anti-money laundering agency Australian Transaction Reports and Analysis Centre (AUSTRAC). The move is aimed at imposing restrictions on digital currencies, particularly Bitcoin, due to their continuous growth and adoption in the mainstream financial sector. The bill was first filed with the Australian parliament in August 2017 with an aim to fight the threat of financial crime in the country. The country’s parliamentarians felt that there was a need to do this after the discovery that one of the major banks, Commonwealth Bank, has violated laws related to money laundering.

The filing of the bill was also driven by the report of the Financial Action Task Force, which stated that the existing laws to combat money laundering have serious flaws and should be amended to eliminate loopholes. Under the new law,the AUSTRAC is empowered to monitor the activities of all virtual currency exchanges operating in Australia’s jurisdiction. The main aim of the monitoring is to ensure that financial transactions are not related to money laundering or terrorism. The law mandates that virtual currencies will receive the same treatment as physical cash in a bank with regards to money laundering and transactions suspected to be supportive of terrorism.

The directive also requires businesses offering cryptocurrency exchange services to verify their customers’ identities, keep a record of transactions and report any threshold transactions or suspicious deals. A threshold transaction is the transfer of virtual currencies worth AUD10,000 or more. The new regulation also imposes both jail time and fines to any company found guilty of operating unregistered cryptocurrency exchanges. The penalty for unregistered exchanges starts with a two year jail term and/or a fine of $105,000, while violators of more serious offenses could face a fine of $2.1 mln for corporations and $420,000 for individuals.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614


After bitcoin’s dramatic rise, here’s where experts see cryptocurrencies heading

After bitcoin's dramatic rise, here's where experts see cryptocurrencies heading

  • Cryptocurrencies have had a banner year due to the rise in bitcoin prices and the popularity of digital token sales as a new way for companies to raise funds
  • Experts told CNBC that, next year, companies will raise even more funds through ICOs but regulators will also issue clearer guidelines for digital tokens
  • Bitcoin, the experts said, is also set to become more mainstream

A logo of Bitcoin is seen on an advertisement
of an electronic shop in Tokyo, Japan September 5, 2017.The cryptocurrency market has had a banner year thanks to the meteoric rise in bitcoin prices and the huge popularity of initial coin offerings as a new way of fundraising.Many people are buying into new digital tokens with the assumption that those virtual currencies will appreciate over time at levels similar to bitcoin, or its rival ether. And while price action has hardly been staid this year, market watchers told CNBC they expect more dramatic movements in the cryptocurrency market in 2018.Those developments could include a spike in funds being raised through ICOs, clearer guidelines and crackdowns from regulators and the mainstream acceptance of bitcoin, they said.

Disrupting investment banks

Companies, mostly start-ups, have raised at least $3 billion by issuing new digital tokens in 2017, resulting in more than 1,000 virtual currencies in existence today.Commentators are largely predicting that companies will raise even more funds through digital token sales next year — only this time, bigger, more established companies could get in on the action."We are going to see the first of the real legit, large ICOs of existing established companies that are suddenly raising half a billion, or maybe even 5 billion (in funds)," Julian Hosp, co-founder and president of Singapore-based start-up TenX, told CNBC. That company, which has a wallet application and fiat-denominated card for the use of cryptocurrencies in "real life," raised $80 million in a token sale

earlier this year.

"We are going to see the first sale of equity (through an ICO) and that's … going to be a big, big, big slap in the face to many large investment banks."

Hosp explained that large firms would bank on their established credibility to potentially raise even larger sums than what small start-ups with unproven business concepts are raising today. Some, he said, could even start offering investors an equity stake as part of their digital token sales.

At the moment, participants in an ICO usually send either bitcoin or rival token ether to back a blockchain-based project. In exchange, they receive an entirely new virtual "coin" that has some sort of assigned worth and can be used to redeem a service offered by the company. Theoretically, companies can also give investors an equity stake — similar to an initial public offering — but most don't to avoid being subjected to stringent securities regulations.

But all of that could change next year, according to Hosp. "We are going to see the first sale of equity (through an ICO) and that's … going to be a big, big, big slap in the face to many large investment banks," he said. One of the ways that investment banks make money is by helping companies structure their securities before they are sold to investors.

Crypto consolidation

The dramatic rise of digital token offerings saw the creation of hundreds of new virtual currencies, but experts say most of them have little to no value and some are outright examples of fraud. That's due to the relative ease in conducting a token offering and the few regulatory checks. Hosp said he expects the cryptocurrency market to consolidate next year: "We are going to see the weaving out of a lot of cryptocurrencies in 2018," he said, adding, "People that are gambling on worthless companies, they are going to lose massively."

Digital token sales have, indeed, taken a bit of hit in recent months. Industry analytics firm TokenData said November was set to be the slowest month for ICOs since August, and many of the token sales did not even reach their target. There have also been instances of fraudulent tokens being issued and the theft of millions of dollars' worth of cryptocurrencies. That led to many in the industry distancing themselves from the hottest new way of fundraising.

I've been saying through this past year that ICOs are toxic and that a lot of investors are going to get burned — badly!" Brad Garlinghouse, CEO of Ripple, which runs the fifth-largest cryptocurrency by market value, told CNBC by email. Garlinghouse added that he expects to see lawsuits, fines and "even jail time" for perceived bad actors in the cryptocurrency space. That all could cause short-term volatility for the whole space, he said. Still, many in the industry maintain there are benefits to conducting an ICO, including the ability to raise funds without giving away equity.

Regulatory clarity

Short of the odd ban on the creation of new virtual currencies, regulators have largely struggled to keep up with the rapid pace of the ICO market. Ripple's Garlinghouse said he expects authorities to clamp down on fraudulent players in the space. Others said they expect clearer guidance, and eventual enforcement actions, from regulators like the U.S. Securities and Exchange Commission. "I think certainly more clarity will come about through enforcement actions and other guidance that the SEC will give in the tokenized marketplace," Stephen Obie, partner at international law firm Jones Day, told CNBC. He pointed to a report the SEC issued earlier this year that indicated the regulator "knows about this market (and) takes it seriously."

Seems like a bubble

Regulators could also clamp down on so-called ICO advisors and those advising investors to buy cryptocurrencies, according to Obie. He explained that, at least in the U.S., various regulations apply to different types of advisors. "This is going to open up a series of enforcement actions for those that think they can advise in this space and not participate in the regulations," Obie said. At the same time, efforts from regulators in the cryptocurrency space need to be international, according to Tim Phillipps, Asia Pacific financial crime network leader at consultancy firm Deloitte. He told CNBC that investors will need international laws to give investors some piece of mind that their assets will not disappear.

"Only then can we really see healthy growth in this space," he said. Garlinghouse added, "For blockchain and digital assets to realize their potential, it's critical we in the industry work with regulators, not in the shadows." He said that he expects the total value of digital asset market to surpass $1 trillion in 2018 — currently, bitcoin's market capitalization is about $300 billion.

Bitcoin to become more mainstream

Bitcoin started the year at about $968 and recently saw a more than 1,600 percent jump to top $16,700 per token as of Dec. 7 (although at least one exchange has seen the price exceed $19,000). Ronnie Moas, founder and director of Standpoint Research, said he expects bitcoin's price to jump to $20,000 by next year from his initial target of $14,000. He told CNBC that a majority of the people in the world have yet to get in on the bitcoin trade. Since the cryptocurrency has a fixed number of possible tokens, Moas said more entrants into the space will push up the prices because of the constricted supply. The outlook is "very comforting to the bulls here, and to the people who are invested" in bitcoin, he said.

He also predicted that the cryptocurrency will go mainstream in 2018 and become part of "strategic reserves" and "asset allocation models" around the world. More consumers will also likely pay for goods and services with bitcoin, he predicted. Jones Day's Obie agreed that bitcoin will become more mainstream and an entirely new asset class may emerge in the investor community. He referred to the string of announcements from the Chicago Board Options Exchange, Chicago Mercantile Exchange and Nasdaq to offer bitcoin futures contracts. "I think you're seeing mainstream regulated exchanges looking at whether bitcoin, and other cryptocurrencies, are asset classes in and of themselves," said Obie. "Clearly there are people that would like exposure to this."

In July, the U.S. Commodity Futures Trading Commission, which regulates the futures and option markets, approved a swap execution facility for cryptocurrencies. Meanwhile, investors are also waiting to see if the SEC will eventually approve the creation of a bitcoin ETF. The existence of bitcoin futures contracts could increase confidence for the regulator to give its approval, Obie said. "Having a futures market with price discovery will enable the SEC to get comfortable that there is a regulated market, where pricing is showing," he said. "I think you're seeing the development of a fourth asset class."

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-461


This cryptocurrency is up 1,000% in a month, and it’s not bitcoin or ethereum

This cryptocurrency is up
1,000% in a month,
and it’s not bitcoin or

Blockchain has the potential to transform multiple industries

and make processes more democratic, secure, transparent and efficient, industry body Assocham had said in a recent report.NEW DELHI: One of the most extravagant predictions sees bitcoin at $1 million within three years. But that's a story for another time.

Bitcoin, undoubtedly the most talked about asset class today, has spurted over 1,500 per cent on a year-date-basis so far and over 115 per cent in the past one month. But a little known cryptocurrency has put to shame the meteoric rise in bitcoin.
With a rally of astounding nearly 1,000 per cent in the past one month alone, IOTA is now the fourth biggest crytocurrency in terms of market capitalisation after bitcoin, ethereum and bitcoin cash.

Prices of IOTA surged 980 per cent to $4.14 on December 7, 2017 from $0.38 on November 7. The e-currency has surged over 180 per cent in December so far. According to, IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer.Announcement of partnership with major companies like Microsoft can be considered as one of the reasons for the recent surge in the prices of IOTA.

“We are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative. This next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real world solutions, applications and pilots for our customers,” Microsoft’s Omkar Naik in a statement published on the IOTA Foundation website. In terms of market capitalisation, bitcoin has the highest market cap of Rs 18.46 lakh crore. It is followed by ethereum (Rs 2.80 lakh crore), bitcoin cash (Rs 1.66 lakh crore) and IOTA (Rs 0.71 lakh crore).

In rupee terms, IOTA is hovering at around Rs 258. Other cryptocurrencies, including bitcoin, ethereum and bitcoin cash is trading at Rs 11 lakh, Rs 29,100 and Rs 98,000 lakh, respectively. Ripple was trading at Rs 16.41, according to the data available with A cryptocurrency is a digital currency created and stored electronically. The supply of this currency is not determined by any central bank or authority and the network is completely decentralised.

One cannot directly buy IOTA in India but can exchange bitcoin for IOTA on couple of websites including Binance.
IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Serguei Popov.
Back home, The Reserve Bank of India on Tuesday reiterated its concerns about Bitcoins, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion.

The Central Bank said it wanted to reinforce its previous message to “users, holders and traders of Virtual Currencies (VCs) including bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs.” The RBI had earlier said those trading in VCs were doing so at their own risk, given that the central bank has not given a licence or authorisation for any company to deal in such cryptocurrencies.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-461