Tag Archives: bitcoin

Bitcoin News Today – Headlines for June 18

Bitcoin News Today – Headlines for June 18

  • Bitcoin struggles to break $9,600 after a dip to $8,900

  • Investors are still bullish on Bitcoin (BTC) regardless of its recent price action

  • The majority of Bitcoin holders are profitable

Bitcoin News Today – Bitcoin has still not found a way to break over the $10,000 mark. The digital currency has been trading below that major hurdle point for some time now, with a recent break below the $9,500 support mark. Nevertheless, despite the recent action of the digital currency, investors are still bullish on it, as shown by market correlations and on-chain data.

 

Investors Are Still Bullish On Bitcoin despite Its Recent Performance

Bitcoin recently plunged to a low of $8,900. Since then, the digital currency has been struggling to break over the $9,600 mark, and that level needs to change from hurdle to support for Bitcoin to incur more gains in the near term. Bitcoin is gradually decoupling from stocks. Nevertheless, there is still some near term correlation to traditional markets. This became clear on June 15 when the price of the dc plunged below $9k amid some enormous losses in the futures stock market. Some analysts and investors worry that the correlation of Bitcoin with the stock market might hinder the use case narrative that BTC is digital gold or a store of value.

However, some analysts and investors believe it may be a healthy sign, as it shows Bitcoin is making progress by increasing its representation across different traditional markets. Matt D’Souza – the CEO of Blockware solutions and hedge fund manager – recently said: What is fascinating about BTC are the multiple short-term correlations that emerge. We have witnessed strong, short-term correlations to Gold, to USD/CNY, and most recently US Equities. This signals an expanded breadth of market participants owning Bitcoin.The CEO believes the fact that BTC shows near term correlations to top markets and it is included in a growing range of retail and institutional portfolios shows the investment utility of BTC in hedging against near term market instability. He further explained: Each correlation indicates a different use case – Digital Gold, Vehicle for Capital Flight, Risk-On Asset (Disruptive Technology). The range of use cases maintain Bitcoin as an overall uncorrelated asset beyond short term intervals – a FEATURE for every portfolio.”

Bitcoin Holders Are Profiting from Bitcoin

Many digital currency investors are still profiting from their BTC positions. Data from Glassnode shows that 78.9 percent of Bitcoin holders are profitable. Another metric shows that the aggregate break-even price of Bitcoin is currently $5,776 and that the digital currency holders are making profits of 61 percent from buying BTC. A research analyst at Messari – Ryan Watkins said: “The insights provided by an estimated cost basis can provide an interesting view into potential investor behavior. Using estimated cost basis observers can easily see at what price does a crypto asset, in aggregate, break-even.”

Article Produced By
Princess Ogono

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

 

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TradeConnect Launches Crypto Margin Trading App Connecting Bitcoin with Global Financial Markets & $100 Million Insurance

TradeConnect Launches Crypto Margin Trading App Connecting Bitcoin with Global Financial Markets & $100 Million Insurance


Hamilton, Bermuda. May 18, 2020 – Leading fintech company, TradeConnect, has today announced the launch

of its multi-asset trading network that connects traditional financial markets and crypto markets into a single, easy-to-use digital trading platform where traders can use cryptocurrency as collateral to trade Forex, Indices, Energy, Precious Metal markets and Crypto CFDs. The new TradeConnect IOS mobile app is the first of an array of products released this year by the TradeConnect team with significantly more financial markets expected on the platform within weeks, including Futures, Stocks and Crypto swaps – A move that will certainly heat up competition in the crypto margin trading industry.

A single, easy-to-use platform with low trading fees

The TradeConnect mobile app boasts an impressive range of features including the ability to margin trade with up to 100x leverage, institutional grade liquidity, instant order execution, no slippage, dynamic charting tools as well as access to over 50 financial assets including 36 Forex pairs, 14 Stock Indices ranging from S&P500, DOW, and the NASDAQ; 6 Commodities including Oil, Natural Gas, Gold, Silver and Copper as well as 2 Crypto CFDs, BTC/USD and ETH/USD, all of which can now be traded with bitcoin (BTC) or ethereum (ETH) anywhere, at any time. There’s also a welcome bonus for new traders whereby you get $50 USD in BTC or ETH FREE when you complete your first 10 trades!

$100 million insurance protection for crypto traders

Other notable aspects of the TradeConnect network include a $100 million insurance protection policy via BitGo, to guard against hacks and theft, as well as a clear focus on ensuring all traders get the benefit of real price dynamics, market driven spreads and the lowest, most transparent fees that the crypto derivatives trading industry has ever seen. “Crypto derivatives have gained a huge following in the past year however many platforms have low liquidity, hide fees in the spread and some even trade adversarially against their users” says Athol Nourse, Commercial Director of TradeConnect. “Our goal is to use our many years of professional trading experience to bridge the gap between cryptocurrency and traditional markets in order to create more markets and thus more opportunities for traders whilst also lowering the barrier to entry for those in emerging markets who also want to access online crypto margin trading at the best price.”

A new economy for crypto derivatives trading

In addition to a plethora of powerful trading features, what also separates TradeConnect from its competitors is its unique ‘Connect Fee’ model which ensures that traders only pay a nominal fee to open and close a position. In conjunction with no withdrawal or deposit fees, as well as a healthy 75% fee rebate for active Makers and Takers on a daily basis, the TradeConnect network is certainly positioning itself for success in 2020. You can download the TradeConnect mobile app from the IOS Apple store.

About TradeConnect

TradeConnect is a leading fintech company and multi-asset trading network that connects traditional financial markets and cryptocurrency markets into a single, easy-to-use digital trading platform where you can trade Forex, Indices, Commodities and Crypto CFD markets, using cryptocurrency, such as bitcoin and ethereum, as collateral. The TradeConnect network utilises a unique ‘Connect Fee’ model to ensure trading fees remain low and provides active traders with up to 75% daily fee rebates on fees, up to 100x leverage, guaranteed deep liquidity, instant execution, an array of powerful trading and charting tools, as well as real market price dynamics. TradeConnect is focused on serving everyone equally from individual retail traders to professional derivatives traders and investment institutions alike. TradeConnect will also be launching Stocks, Futures and Crypto swaps into the popular multi-asset trading app within the coming weeks.

Article Produced By
Carolyn Coley

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

 

https://smartereum.com/187717/tradeconnect-launches-crypto-margin-trading-app-connecting-bitcoin-with-global-financial-markets-100-million-insurance/

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Wall Street veteran is predicting a 50% decline in the S&P 500, potentially hurting Bitcoin’s prospects

Wall Street veteran is predicting a 50% decline in the S&P 500, potentially hurting Bitcoin’s prospects


It’s been a frenzy for both Bitcoin and the stock market over recent months.

After March’s capitulation, which sent equities plummeting lower by around 40 percent and cryptocurrencies by around 70 percent, global financial markets have exhibited an extremely strong bounce. The optimism seen in markets seems to be tied to the fact that the world’s central banks and governments collectively injected more than $20 trillion into the economy, largely offsetting the losses incurred due to the pandemic and the respective lockdowns. Yet a prominent Wall Street fund manager, along with other prominent names in the investment world, remains bearish on stocks. And if the correlations that formed in March continue, Bitcoin is unlikely to benefit.

Scott Minerd predicts a ~50% drop in the S&P 500 in a CNBC segment

Scott Minerd, the global CIO of investment and financial services firm Guggenheim Partners, on Jun. 11 made an appearance on CNBC’s “Closing Bell” to discuss his outlook for markets. Like many other prominent names in investing such as David Tepper, Bill Ackman, and Stan Druckenmiller, he had a bearish tone on equities. His argument is that while the S&P 500 has basically recovered all the losses it incurred in March, the ongoing rally will “end in tears.” He attributed this thought to three things:

  • The technical uptrend that formed in late March has been invalidated by last week’s bearish price action.
  • The argument of “don’t fight the Fed,” referencing the mass monetary stimulus, is flawed.
  • Stocks are currently extremely overpriced, likely referencing how some equities like Apple and Amazon are trading at/near all-time highs despite their expected revenues dropping dramatically due to the pandemic.

“I think that we probably retest the lows — and history tells us that we may even undercut the lows,” Minerd concluded, discussing his 1,600 S&P 500 price target that would result in an approximate 50 percent drop from the current price. Not to mention, the underlying economy still remains in a poor condition: the Federal Reserve projected last week that

How BTC may be affected

Bitcoin was not mentioned in the segment, but the cryptocurrency could be tangibly impacted by a further decline in markets.

Arthur Hayes, CEO of BitMEX, once said:

“Bitcoin will be owned unlevered. Could the price retest $3,000? Absolutely. As the SPX rolls over and tests 2,000 expect all asset classes to puke again.”

It’s a sentiment that has been echoed by prominent banks. A team of JPMorgan strategists led by Joshua Younger and Nikolaos Panigirtzoglou reported last week that over the course of the past few months, “Cryptocurrencies have traded more like risky assets like equities—a significant change relative to the prior couple of years.” And Goldman Sachs executives explained that Bitcoin and other cryptocurrencies “do not provide consistent diversification benefits,” referencing how BTC traded in tandem with the S&P 500 in March and April.

Importantly, there is a world in which Bitcoin could benefit from Minerd’s predictions playing out. As reported by CryptoSlate previously, Minerd believes that the “debt super cycle” that has driven the world economy for the past few decades is likely coming to an end, which will likely cause one (or more) of the following trends: restructuring of debt, the collapse of institutions, negative interest rates, and the debasement of fiat money. Bitcoin, according to figures like Raoul Pal and Preston Pysh, will benefit from such a trend.

Wall Street is betting on BTC upside

Despite the overarching risks, Wall Street crypto traders seem to be betting on Bitcoin bulls. As of Jun. 8, institutional traders held more than $300 million worth of call options via the CME. Call options are financial contracts that allow the buyer to buy an asset at a specific price in a specified time period. Furthermore, Fidelity Investments found in a survey that “digital assets continue to gain adoption and interest by a variety of institutional investors.” The survey, which covered U.S. and Europe based institutional investors, found that a majority of the respondents see some value in the cryptocurrency space, while around a quarter have exposure to Bitcoin and 10 percent have exposure to Ethereum. 

Article Produced By
Nick Chong

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Wilshire Phoenix’s Potential Challenger to Grayscale Bitcoin Trust (GBTC)

Wilshire Phoenix’s Potential Challenger to Grayscale Bitcoin Trust (GBTC)


On Friday (June 12), Wilshire Phoenix Funds, LLC filed a registration statement (Form S-1) with the U.S.

 Securities and Exchange Commission (SEC) for its proposed "Bitcoin Commodity Trust" (BCT). Will Grayscale Bitcoin Trust (GBTC) finally have some competition?Wilshire Phoenix, which was founded in 2018, is "a New York based investment management firm dedicated to helping its clients manage assets throughout the investment lifecycle."  On February 26, the Securities and Exchange Commission "issued an order disapproving a proposed amendment to NYSE Arca Rule 8.201-E to list and trade shares of the United States Bitcoin and Treasury Investment Trust", i.e. i.e. rejected Wilshire Phoenix's proposed Bitcoin-related exchange-traded product (ETP).

In response, Wilshire Phoenix issued a press release, which stated:

"We at Wilshire Phoenix are very disappointed by the Commission’s decision. "We made every effort to get the SEC’s attention on this important issue, including undertaking extensive analysis that was made available to the SEC staff, submitting key data, and offering to provide additional information to facilitate the listing of a much needed regulated bitcoin related ETP in the United States. "Unfortunately, the Order shows that all of these efforts did not receive the SEC’s full attention."

William Herrmann, Founder and Managing Partner at Wilshire Phoenix, said at the time:

"Commissioner Peirce’s dissent eloquently captures the investing public’s frustration; I could not agree with her more. "The SEC has created a test for bitcoin related ETPs that is clearly inconsistent with the Exchange Act. "Many retail investors are already investing in this commodity and investor demand continues to grow each day. "Our ETP was created to provide investors with exposure to bitcoin through a regulated and transparent vehicle that also mitigates volatility. "In my opinion, the Commission has done a great disservice to the public by rejecting this application. "We are carefully reviewing the Order and determining the best next steps." Well, now, Wilshire Phoenix is back with a proposal for a new product that it hopes will be easier to get approved by the SEC.

Wilshire Phoenix's prospectus has this to say about Bitcoin Commodity Trust ("the Trust"):

"The Trust will have no assets other than bitcoin, a digital asset based on the cryptographic protocols used by the decentralized, peer-to-peer bitcoin computer network. "The Trust will also hold U.S. dollars for short periods of time in connection with the purchase and sale of bitcoin, the payment of redemptions, if any, and fees and expenses of the Trust… "The investment objective of the Trust is for the Shares to reflect the value of bitcoin held by the Trust, as determined by reference to the CME CF BRR, less the Trust's expenses and other liabilities.

"The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin. "The Trust will use the CME CF BRR calculated by the Chicago Mercantile Exchange ('CME') as reference rate to calculate its NAV. "The CME CF BR is the rate on which bitcoin futures contracts are cash-settled in dollars at the CME and serves as a reference rate in the settlement of financial derivatives based on the price of bitcoin. "The CME CF BRR, which has been calculated and published since November 2016, aggregates the trade flow of several bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time."

On June 13, Wilshire Phoenix's Managing Partner told Cointelegraph during an email interview:

"The digital asset market has obviously experienced exponential growth, but the products currently in the space have not evolved with such growth. We think investors deserve more."

Hermann went on to say:

"We look forward to working with both SEC and FINRA staff in connection with the issuance of the shares and having the shares quoted on the OTCQX."

Article Produced By
Siamak Masnavi

Siamak received his PhD in Computer Science from University of London in 1992. He has worked as a research scientist, technical author, software developer, and journalist. Since 2014, he has been researching cryptocurrencies and other applications of blockchain technology.

https://www.cryptoglobe.com/latest/2020/06/wilshire-phoenixs-potential-challenger-to-grayscale-bitcoin-trust-gbtc/

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Bitcoin Price Falls As Concerns Mount Over a Potential Second Wave of COVID-19

Bitcoin Price Falls As Concerns Mount Over a Potential Second Wave of COVID-19


Rising concern over a potential second wave of COVID-19 have spooked the world's stock markets,

which means that the short-term correlation with U.S. stocks that we have witnessed on occasion over the past few months has returned. The reason for this concern is fresh COVID-19 outbreaks in the U.S., China, and elsewhere (e.g. the Middle East). Earlier today, Dr. William Schaffner of the Vanderbilt University School of Medicine told CNBC show "Street Signs Asia") during an interview that people were not being careful, which is especially dangerous especially during mass gatherings, and that this was helping the coronavirus to spread:

"I think the second wave has begun. "We’re opening up across the country, but many, many people are not social distancing, many are not wearing their masks." As for BBC News, it reported today that "Beijing has recorded 36 new locally-transmitted coronavirus cases, amid fears of a second wave in the Chinese capital." Apparently, this most recent outbreak "has been linked to the city's largest wholesale market." As of 08:42 UTC on June 15, futures for the Dow, S&P 500, and the Nasdaq were down 2.55%, 2.12%, and 1.73% respectively.

Crypto analyst Mason Jang, who is the Chief Strategy Officer (CSL) at South Korean blockchain analytics startup CryptoQuant says that Bitcoin whales have responded to these worrying developments by rapidly moving their coins to centralized crypto exchanges such as Coinbase and Gemini, as evidenced by the netflows into the hot wallets owned by these exchanges: One crypto analyst/investor that has noticed the return of Bitcoin's correlation with U.S. stocks — something we have witnessed over the past few months during periods of financial market stress — is Matthew Kaye, Managing Partner at crypto-focused investment firm Blockhead Capital,who tweeted on June 12:

Replying to MattDavidKaye

We did not see the melt up that I wanted to see over the weekend. Hedged going into this period of uncertainty. Keep an eye on DeFi.
We've lost the Schiff and Modified Schiff pitchforks. The Gaussian Channel trade is on. mid $8k's or lower are possible. And a few hours ago, Kaye commented:

Replying to MattDavidKaye

We did not see the melt up that I wanted to see over the weekend. Hedged going into this period of uncertainty. Keep an eye on DeFi.
We've lost the Schiff and Modified Schiff pitchforks. The Gaussian Channel trade is on. mid $8k's or lower are possible. Thread over.

According to data from CryptoCompare, between last Thursday (June 11) — the day that U.S. stocks suffered their biggest loss since "Black Thursday" (March 12) — the Bitcoin price has dropped from $9,937, the intraday high on June 11, to where it is now, i.e. $9,121, which means a loss of 8.2%:

Article Produced By
Siamak Masnavi

Siamak received his PhD in Computer Science from University of London in 1992. He has worked as a research scientist, technical author, software developer, and journalist. Since 2014, he has been researching cryptocurrencies and other applications of blockchain technology.

https://www.cryptoglobe.com/latest/2020/06/bitcoin-price-falls-as-concerns-mount-over-a-potential-second-wave-of-covid-19/

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Multitrillion-Dollar Asset Manager Fidelity Will Serve As Custodian for New Bitcoin Trust

Multitrillion-Dollar Asset Manager Fidelity Will Serve As Custodian for New Bitcoin Trust


Fidelity Digital Assets, the Bitcoin and crypto custody arm of financial titan Fidelity Investments,

which manages $7.3 trillion in client assets, will act as the custodian for a new BTC trust. In a recent Securities and Exchange Commission (SEC) filing, New York-based investment management firm Wilshire Phoenix seeks to offer the king cryptocurrency to its clients who will be able to gain exposure to the digital asset through a publicly-traded fund dubbed “Bitcoin Commodity Trust”.“The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin.”

Wilshire Phoenix intends to register 80,000 shares of the new Bitcoin trust with each share carrying a maximum price of $25. The investment company has appointed Fidelity Digital Assets as the custodian of the fund’s BTC. “[The] Bitcoin will be held by Fidelity Digital Asset Services, LLC (the ‘Bitcoin Custodian’ or ‘FDAS’) on behalf of the Trust.” On top of safeguarding and maintaining the trust’s BTC, Fidelity is tasked to sell or purchase Bitcoin on behalf of Wilshire Phoenix. While most of the fund’s BTC will be stored in Fidelity’s omnibus wallet, a certain percentage of the BTC will be held in cold storage.

Article Produced By 
Daily Hodl Staff

https://dailyhodl.com/2020/06/13/multitrillion-dollar-asset-manager-fidelity-will-serve-as-custodian-for-new-bitcoin-trust/

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Bitcoin Hosting: Web Hosting Companies Who Accept Bitcoin & Cryptocurrency

Bitcoin Hosting: Web Hosting Companies Who Accept Bitcoin & Cryptocurrency

Complete Guide to The Top Hosting Companies who are accepting Bitcoin & Crypto as Payment in 2020

 

 

 

 

 

 

 

 

 

 

 

It is easy to forget that Bitcoin is a very useful currency in its own right.

One area where Bitcoin is a perfect payment solution is web hosting. There are no shortage of top-tier web hosting companies who accept Bitcoin. Most offer a range of services, and some even offer a high level of anonymity. If you got into Bitcoin early, there is a good chance that you are set for life when it comes to web hosting. Although some merchants have stopped accepting Bitcoin after the bear market took hold last year, the world of web hosting is rife with companies that will work with cryptos. Most of the companies on this list have been accepting cryptos for at least a year, and some of them have been crypto-friendly for many years. You shouldn’t worry about finding a webhosting company that accepts cryptos, but it is important to make sure you get the right webhosting plan for your needs.

Top Bitcoin Hosting Companies

Further down we will give you a complete overview of all the bitcoin hosting companies, if you are in hurry though, here are our top two picks

Why Choose Webhosting Companies who Accept Bitcoin?

One of the most obvious reasons to choose Bitcoin as a payment method is its ease of use. If you already have some cryptos, using them as a means of payment is very convenient. There are also options out there for people that want to maximize their anonymity and freedom of speech. Keeping your identity safe online has noting to do with criminality. The world’s political structure is becoming increasingly strained, and many governments are actively censoring ideas. Anonymous webhosting makes sure your site stays online, and you don’t get caught up in a political witch hunt that could cost you your freedom. Unlike some payment systems that apply big charges when you use them, Bitcoin lets you pay minimal transaction fees. No matter where your counterparty is, there is no need to do any kind of currency conversion. Easy payments are another big benefit that cryptos bring to the table.

Buy Webhosting with Cryptocurrency

Bitcoin can be used to buy just about any kind of webhosting there is. Small sites that don’t get much traffic would probably be fine on a cloud or shared server, but some of the webhosting providers we list below offer a lot more than that. It is a good idea to think about what kind of webhosting you need, before you look into a yearly plan. Buying more than you need can add up quickly. There is no benefit to buying a lot of webhosting power when your needs are simple. Save the money if you can. Conversely, if your website is starting to get a lot more traffic, don’t want too long to upgrade your webhosting. Nothing turns users off faster than a website that is slow to load, or buggy. Making sure that your customers can browse easily is a big part of building up an e-commerce website, and the right amount of server power is an important part of that equation.

What Kind of Webhosting Do You Need?

There are a different kinds of webhosting to choose from. Some webhosting companies will offer just about any kind there is, while others have a more specific mix of webhosting options. Here is a brief rundown of some of the most popular forms of webhosting. Some of these webhosting options might seem a little bit redundant, and they are. Today, cloud hosting is creating new ways to do webhosting. More webhosting options are basically a good thing, but it is important to understand the highlights and drawbacks of each option. If you are already a webhosting expert, just skip this section!

Shared Hosting

If you are just getting into the online game, shared hosting is probably the way to go. All of your data will be stored on a server with other websites. Shared hosting is a cost effective option because the webhosting company can put tens or hundreds (or more) websites on single server, some providers offer managed hosting which means they will manage all aspects of your website for you; Shared hosting is potentially slower than dedicated hosting, but smaller websites probably won’t notice much of a differences (geographic location means a lot too). All of the domains will share the server’s resources, including RAM and storage.The major upside to shared hosting is the cost. Most webhosting companies will offer shared hosting for a few dollars a month, which more than offsets the potential downsides for non-enterprise clients. The downside of limited server power isn’t going to be an issue for smaller websites, though it would be a problem for larger businesses.

Dedicated Server Hosting

Dedicated server hosting is basically the opposite of shared hosting. Your webhosting company will give you access to a server that is just for your website. The advantages of a dedicated server are substantial. Instead of sharing server resources with who knows how many other websites, you get all the RAM, memory and bandwidth. On the flipside, dedicated servers are much more expensive. Unless you have an established web presence, and are making money from your online business, using a dedicated server probably isn’t necessary. The costs to run an dedicated server will add up quickly, so make sure you need one before you sign a long-term contract.

Virtual Private Server (VPS) Webhosting

A VPS mimics some of the aspects of a dedicated server, while still using a server that is shared with more than one website. If you need to use custom software, or want the kind of control that only a dedicated server can deliver, a VPS is a step up from shared hosting. Unfortunately, a VPS will still still suffer from some of the issues that are inherent to shared hosting. If a traffic spike hits, your website will slow down. On the plus side, a VPS is going to be far cheaper than a real dedicated server. Using a VPS is a good way to troubleshoot your web architecture before migrating to a real dedicated server, as most VPSs operate as a dedicated server would.

Cloud Hosting

The term ‘cloud hosting’ has become something of a buzzword in the world of webhosting. At its most basic level, cloud hosting just means that your website will be hosted in the ‘cloud’, which is a wide network of interconnected computers. If you are considering cloud hosting, be sure to read about what your would actually be getting from the webhosting company. In most cases shared hosting is going to be cheaper, and with few disadvantages to smaller websites. Medium and enterprise-level websites have more research to do. If your company has traffic from all over the world, cloud hosting could be a good option. All of the webhosting companies we chose for this list have good (or even great) reputations for customer service, so you should be able to ask them about what kind of hosting plan would fit your needs the best.

Webhosting Companies who Accept Bitcoin

Here is our run down of all the hosting companies which allow you to pay in crypto or bitcoin, will be updated as we find any more.

Hostwinds

Hostwinds has been in business since 2010. The company recently decided to accept Bitcoin as payment for any of its services. Hostwinds will also accept a number of other cryptos as payment, so make sure to check if you have one of their other payment cryptos before you swap your Bitcoin. While Hostwinds hasn’t been around for as long as some of the other webhosting companies on the list, it does have a stellar reputation for customer service. It also offers a 60 money back guarantee for new customers, which is a very generous offer. Hostwinds includes standard services that will come in handy. In addition to a free dedicated IP address, email accounts, and FTP, you will also have the ability to create unlimited sub-domains. Hostwinds also does free website transfers and will supply you with the latest version of cPanel as well as instant account creation and setup. All in all, Hostwinds is a fully-featured webhosting company that gives its clients loads of crypto payment options. They were among the first webhosting companies to accept cryptos as payment, and have maintained their policy during a very volatile time for crypto prices.

Hostinger

Hostinger offers a range of webhosting services and recently decided to accept Bitcoin. The company thinks that younger people who may not have access to credit cards need a way to pay for things online. Like many of the other webhosting companies in this list, Hostinger delivers 99.9% uptime and customer support around the clock. If you would like to move over to Hostinger from another webhosting company that doesn’t accept crypto, it will help you migrate your existing website for free. As a full range webhosting solution, Hostinger is a great choice for new web projects that need a webhosting company they can grow with. Definitely worth a look, and they offer a 30-day money back guarantee.

Namecheap

Namecheap is one of the most popular companies in webhosting. It is also the first webhosting company to accept Bitcoin as a payment method. The company started accepting Bitcoin way back in 2013. If it held onto its bitcoins, that decision made the company a massive profit! Today Namecheap still lets its clients pay with Bitcoin. In addition to being an innovator in digital currency adoption, Namecheap offers a wide range of services. You can buy anything from a single page website from the company, all the way up to dedicated servers for enterprise-level applications. Namecheap gives its clients a minimum of of two processors, 16GB RAM and 4 RAID drives in the webservers. The company also delivers 99.9% uptime, aside from scheduled maintenance. The company uses state of the art security to protect your data, and has a good reputation for customer service. All in all, Namecheap is a leading webhosting company that will gladly accept Bitcoin as payment. It is worth considering as a webhosting provider no matter what you need.

Heficed

Heficed was late to adopt crypto as a payment method, but now it accepts more than 50 different kinds of cryptos! The company offers a wide range of webhosting services, and is based in the UK. If you are looking for a cloud-based VPS hosting specialist, it would be worth learning more about Heficed. It can handle enterprise-level CMS platforms like Drupal, WordPress, and Magento. In addition to supporting the most popular CMS platforms, and accepting pretty much any popular crypto, Heficed gets great reviews for its customer service. It is worth learning more about, especially if you are in the e-commerce arena or run a popular website.

Hosterbox

Not only does Hosterbox deliver best-in-class webhosting and customer support, it will even discount your webhosting bill by 20% if you pay with Bitcoin or Ethereum. The company has a global reach, with operations in more than 170 countries around the world. Hosterbox is famous for giving its clients a lot of flexibility and not creating restrictive contracts. It also offers free website migration and 24/7 customer support, no matter how big or small the client is. In addition to incentivizing crypto payments, Hosterbox performs frequent backups, so even if there is a problem with your site, you aren’t likely to lose anything. It is a great company that will work for just about anyone globally, and the crypto discount is worth keeping in mind at if you are in the market to buy webhosting with your cryptos.

Hawk Host

The company now known as Hawk Host started off in 2004 as Dedicated Host. It changed its name in 2008, and has a long track record of providing solid webhosting. You can choose from a range of webhosting options with Hawk Host. The company accepts Bitcoin and Bitcoin Cash as payment methods, which should appeal to anyone who wants to pay for their web presence using cryptos. Hawk Host offers competitive pricing, free website migration and a range of hosting plans. It has established itself as a leading provider of webhosting services, and is worth looking at no matter what kind of webhosting you need to buy.

Glowhost

Glowhost was founded around the time when the internet was just getting started. It opened up for business back in 2002, and began to accept Bitcoin in 2016. The company has a great reputation for both uptime and customer service. If you check out Glowhost’s plans, you will see four shared hosting solutions at competitive prices. The company also offers semi-dedicated webhosting, as well as premium business plans. There isn’t much that Glowhost can’t help you with, and they have a long track record behind them. If you are on the fence about using Glowhost, they offer a 91-day money back guarantee. It also has 16 global data centers, which means that people should have a great user experience no matter where they are in the world.

JAVAPIPE

Javapipe is a webhosting company that works with Java, PHP and cloud-based webhosting solutions. Its customers can pay for webhosting with Bitcoin. The company started adopting Bitcoin for payment in 2018. The company uses the SiteWorx Hosting panel to manage its clients data. Javapipe also includes an Apache Tomcat installation with every account to make sure that you site is safely deployed into the cloud. Javapipe isn’t going to be the right webhosting company for everyone. On the other hand, if you need Java-specific webhosting, Javapipe is a good company to look into.

Anonymous Web Hosting Options That Accept Bitcoin

One of the biggest features that drove the initial adoption of Bitcoin is the fact that it offered its users a high degree of anonymity online. The world of webhosting is subject to numerous political and legal issues. If you want to make sure that your website won’t get nailed for political reasons, or want to keep your ownership hidden, there are webhosting options out there for you. The world of geopolitics is getting more complex all the time. There are some areas of the world where certain ideas will get you in legal trouble. While the internet is basically open to anything, the authorities in a nation that is offended by what you post may come after you using local laws. Needless to say, that is an outcome you want to avoid. These issues are even more important for a website that publishes controversial content on a regular basis. If you are working with ideas that powerful people aren’t going to be happy about, it might be a good idea to protect your identity to the greatest degree possible. Thankfully, Bitcoin offers a high degree of anonymity. There are webhosting companies who will help you maintain your privacy, and accept Bitcoin as well.

Bitcoin Web Hosting

Bitcoin Web Hosting does what that name says. Unlike many of the other webhosting companies on this list, Bitcoin Web Hosting is a relatively new company. If you want to pay for anonymous webhosting with bitcoin, it is worth looking into. Bitcoin Web Hosting also accepts other cryptos, if you would prefer to pay with something else.

Shinjiru

Shinjiru has been operating since 1998 and is headquartered in Malaysia. The webhosting company operates data centers in Malaysia, Europe and Singapore. As a veteran webhosting company, Shinjiru offers clients a range of hosting options, as well as totally anonymous hosting packages. If you want to pay for your webhosting with Bitcoin, Shinjiru will be happy to accept it as payment. The company has also built up a stellar reputation for offering 24/7 support, and has servers spread across six countries. With Shinjiru you can choose from a range of webhosting plans, regardless of if you want to keep your identity a secret or not. The company also offers operating systems in both Linux and Windows, which is a nice feature.

Orange Website (Private, not Anonymous)

Orange Website is a webhosting company that is located in Iceland. While they don’t specifically offer anonymous offshore webhosting, the company does adhere to Iceland’s laws that govern privacy and freedom of speech. As far as webhosting goes, Orange Website has a range of options from shared hosting plans all the way up to dedicated private hosting. Unlike some country-specific webhosting companies, Orange Hosting offers 24/7 support. Obviously they accept Bitcoin, and have a great reputation for delivering value to their customers. Orange Website offers comprehensive webhosting packages with domain registration, so your site will be completely protected by Iceland’s laws. Be sure to ask about this before you choose a plan.

Iceland’s Dedication to a Free and Open Web

A free and open internet has played a big role in Iceland’s political scene, and the nation has created laws to ensure that normal people have a voice online. This is a big benefit for anyone who wants to make sure their site stays up, regardless of what views are being distributed. While there are some limits to what can be considered free speech in Iceland, pretty much anything besides totally radicalized, violent ideology will fall under the nation’s legal protection. Iceland also has cheap power, and extremely fast internet. All this might sound like a push to use Icelandic hosting. For people or groups that need protection from political persecution, Iceland is one of the best nations available for webhosting. Switzerland is also a good option.

There are Many Webhosting Companies who Accept Bitcoin

The good news for crypto users is that there are no shortage of webhosting companies who would be happy to accept their Bitcoin, Ethereum, Bitcoin Cash and other tokens as payment. Some business have stopped accepting cryptos after ‘crypto winter’ started in 2018, but webhosting is one area where cryptos are still very welcome. It is important to consider your webhosting needs before you decide on a plan, and make sure you get both the service you need, and don’t buy too much. A small monthly price can add up over the course of years, which is just money wasted if you over-buy webhosting service. All of the webhosting companies on this list have great reputations when it comes to customer service, and would be happy to talk about your webhosting needs. Don’t be afraid to reach out before you buy a plan, and make sure you get the most for your cryptos!

Article Produced By
Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More.

https://blockonomi.com/webhosting-bitcoin-cryptocurrency/

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What Are Bitcoin Futures? Complete Beginner’s Guide

What Are Bitcoin Futures? Complete Beginner’s Guide

For investors looking to speculate on the price of Bitcoin without having to own any directly, Bitcoin futures provide a means to do so

As speculation of regulatory guidelines and institutional investment in cryptocurrencies continues to unfold,

keeping up with all of the developments can be challenging. However, Bitcoin futures have been available since the end of 2017, and they are increasingly available on regulated exchanges. They also may potentially impact regulatory decisions on further financial instruments for Bitcoin, such as ETFs. For investors looking to speculate on the price of Bitcoin without having to actually own any directly, Bitcoin futures provide a viable, regulated means to do so effectively. Further, futures can help hedge against risk against the volatile price fluctuations of Bitcoin.

What Are Futures Contracts?

Financial futures are contracts that specify the buying or selling of an underlying asset at a predetermined price on a precise date in the future. Counterparties are obligated to fulfill the terms of the contract upon expiration, either buying or selling the asset at the price once the contract expires. Parties can take two positions in a futures contract; long or short. Long means that the party agrees to buy the underlying asset in the future at a specific price, while short means the party agrees to sell the underlying asset at a specific price upon the contract’s expiration in the future. Futures contracts are traded on regulated exchanges and are regulated by the Commodity Futures Trading Commission (CFTC). They are regularly used for two purposes:

  1. Speculating on the price movement of the underlying asset.
  2. Hedging risk.

In the first case, a party can purchase a futures contract on a commodity — such as oil — if they anticipate that the price of oil will rise leading up to the expiration date of the contract.

  • For instance, if oil is $50 a barrel at the time of contract’s initiation and the buying party expects the price to rise before the expiration of the contract, they can profit off of the price difference — if the asset increases in price — through cash settlement, or can sell the contract on the spot market later at a higher price.
  • So, if party A buys a futures contract for two barrels of oil at $50 per barrel, and by the time of the contract’s expiration the price rises to $80 per barrel, then party A can make a profit of $60 from the $30 price difference per barrel.

Futures are not limited to commodities, however. They can be used as a tool for the speculation on the price of financial assets as well. In the second case, futures contracts are used as a hedge against adverse price movements that would affect an entity that actively uses or produces the underlying asset in the contract. In this way, a party can ensure more stable financial results from their business at the current price rather than suffering losses from adverse price movements.

  • For instance, if the current oil price is $50 per barrel, a shipping company that expects the price of oil to rise can buy a futures contract for 10 barrels at $50 per barrel.
  • Their contract would then be worth $500.
  • Upon the expiration of the contract, if the price of a barrel of oil rose to $60, then the company saved $100, providing a useful mechanism for reducing their exposure to the price movements of oil.

Futures contracts often lead to a less volatile price of the underlying asset in the long-term, especially if the futures market for the asset is highly liquid.

What Are Bitcoin Futures?

Bitcoin futures are futures contracts that speculate on the price of Bitcoin without participants actually having to own Bitcoin. Upcoming futures trading platforms like Bakkt offer physical delivery of the underlying asset for contracts, but it still remains within their custody rather than the purchasing party having to directly buy and sell Bitcoin on cryptocurrency exchanges and store it in their own wallet. Entities that participate in Bitcoin futures are essentially making a bet on the price of Bitcoin over a specified period. Bitcoin futures work the same way as any futures contract on a traditional financial asset.

Investors can either go long on Bitcoin — expecting the price to increase —
or short it, mitigating potential losses if they actually own some Bitcoin.

  • For instance, if Bob owns 10 Bitcoin at $5,000 and expects the price of Bitcoin to drop, he can sell (short) a futures contract at the current price of $5,000.
  • If the price drops to $4,000 near the expiration of the contract, then he can buy (long) back the futures, meaning that he protected $10,000 on his investment by selling his contract at a higher price than when he bought at $4,000.

Bitcoin futures provide several advantages for investors.

  • First, they are traded on regulated exchanges, making the process much more familiar and comfortable for mainstream and institutional investors who may not want to deal directly with cryptocurrency exchanges.
  • Second, the contracts allow for speculation on the underlying price of the asset without having to go through the process of properly storing bitcoins, which is a high barrier to entry for many people unfamiliar with how Bitcoin works.
  • Third, by granting Bitcoin more exposure to investors, more liquidity is added to the market. Finally, futures trading can lead to less volatility of Bitcoin’s price in the long-term and enable investors to protect themselves from adverse price swings.

Institutions are also more likely to offer Bitcoin futures trading to their clients since it is within a regulated exchange and reduces the risks associated with holding bitcoins.

Platforms Offering Bitcoin Futures Trading

CBOE — one of the largest futures trading platforms in the world — launched the first Bitcoin futures in December 2017, followed by another Chicago-based platform, CME. Since then, several platforms and major institutions have signaled their plans to launch Bitcoin futures, including some cryptocurrency exchanges. Some of the major platforms where you can trade Bitcoin futures include:

  • CBOE – One of the largest futures exchanges in the world. First to launch Bitcoin futures trading.
  • Chicago Mercantile Exchange Group (CME) – Chicago-based derivatives and futures trading exchange. Recently announced that Bitcoin futures trading grew 119 percent throughout 2018 on their platform.
  • BitMEX – One of the largest cryptocurrency exchanges. Offers Bitcoin futures trading (not available to U.S. citizens).
  • TD Ameritrade – One of the largest brokerage firms in the world. Recently launched Bitcoin futures trading.
  • OKEx – Hong Kong-based cryptocurrency trading platform offering Bitcoin futures — not available to U.S. citizens.
  • Nasdaq – Second largest stock market exchange (by market cap) in the world. Planning on launching Bitcoin futures trading in early 2019.
  • Bakkt – A Bitcoin futures trading and custody platform backed by the Intercontinental Exchange (ICE) which owns the NYSE.

Bitcoin Futures’ Role in Further Regulatory Progression

Bitcoin futures were the first major institutional development concerning the offering of Bitcoin trading within regulated exchanges. Since then, numerous developments have unfolded regarding Bitcoin’s status as an asset as well as the potential offering of Bitcoin ETFs. In particular, the SEC has denied several applications for Bitcoin ETFs already, citing that Bitcoin futures markets are not mature or liquid enough to support Bitcoin ETFs. Moreover, the SEC recently postponed a decision on one of the leading ETF proposals — from VanEck & SolidX — until February. Bitcoin futures trading offers several advantages to investors and should continue to grow as Bitcoin’s legitimacy as a financial asset garners more support by both regulators and investors. Several platforms are already offering futures trading for the legacy cryptocurrency, and the launch of Bakkt is seen as a significant step forward for Bitcoin futures trading among institutional investors.

Article Produced By
Brian Curran

Blockchain writer, web developer, and content creator. An avid supporter of the decentralized Internet and the future development of cryptocurrency platforms.

https://blockonomi.com/what-are-bitcoin-futures/

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Hyperbitcoinization Comes into Focus During the Bitcoin Halving

Hyperbitcoinization Comes into Focus During the Bitcoin Halving


Though the applications and adoption rate have a long way to go if Bitcoin is going to achieve its maximum potential,

the third-ever subsidy Halving was an opportunity for Bitcoiners to celebrate its more than 11 years of life. In addition to hosting technical demonstrations, discussions with leaders of Bitcoin’s premier Layer 2 protocol and high-level presentations, Bitcoin Magazine’s BitcoinHalving.com live stream was a chance to focus on one of the community’s favorite topics: hyperbitcoinization.

Fundamental Bullishness and the Bitcoin Halving

In one of its most lively and extensive sessions, the BitcoinHalving.com live stream was host to “Fundamental Bullishness,” featuring Robert Breedlove of Parallax Digital, Matt D’Souza and Sam Chwarzynski of Blockware Solutions, Plan B and Preston Pysh of the Investor’s Podcast Network. The group was assembled to discuss the specifics around why bitcoin is poised to become one of the most valuable assets in history. In addition to the Halving, which significantly reduces the subsidy that miners receive for contributing their fundamental efforts to the network, this was a particularly fruitful time to discuss bitcoin’s role in the world economy, as uncertainty abounds in the wake of the novel coronavirus.

“Going into the Halving, the supply side economics improve significantly,” D’Souza explained during the panel. “That’s a positive catalyst. And then just what’s developed over the past three or four months with central bankers, the Federal Reserve, how there’s discretionary, undisciplined spending or manipulation — really the ability to create your own artificial monetary policies. I think these radically impact the demand side.” Despite (or because of) the turmoil in traditional financial markets, the third-ever Bitcoin Halving was a time of celebration for the original cryptocurrency and its community. This excitement buzzed and crackled throughout the live stream and was a natural part of the conversation during the “Fundamental Bullishness” panel. “Bitcoin is the first incarnation, or the closest thing we have, to perfect economic information,” Breedlove said. “We know it’s supplied perfectly forever. You can’t say that for any physical commodity on earth. And again, another product of that is it’s absolute scarcity… As Mark Twain said, I think I’m paraphrasing, ‘To make something valuable, you just have to make it scarce.’ And Bitcin sort of perfects that once and all for money.”

How Do We Imagine the Bitcoin Moon, Post Halving?

Beyond seeing bitcoin adopted as the world’s preeminent asset, hyperbitcoinization will eventually involve fundamental changes to the ways we live, interact and tap into the vast potential of human ingenuity. To explore these lofty impacts, the BitcoinHalving.com live stream hosted “Define Your Moon,” a discussion among Bitcoin Magazine’s Brandon Green and David Bailey, author Gigi and hyperbitcoinization philosopher BitcoinTINA.

“If you’re wondering why I’ve assembled you guys here, it’s because I think we have three of the most bullish people on this call right now in Bitcoin,” Green, who was moderating the panel, said in his introduction. “What does Bitcoin’s ultimate success look like to you? What is Bitcoin’s ‘moon’? What are the societal and economic implications of that success?” The resulting conversation was wide ranging, exploratory and reflective. After establishing why they believed hyperbitcoinization appears inevitable, the panelists each touched on the wide ranging implications that new status quo will bear. It was about much more than the personal riches early bitcoin investors may reap. “Imagine when you bring two, three billion people into the global production of ideas, goods and services, what that is going to do to lift the wealth and the ability of humanity to harness existing resources and to do more with those resources than they were currently able to do,” BitcoinTINA said. “Bitcoin, because of what it is and because of its unique qualities, will encourage man to better use the resources that we have.”

Article Produced By
Peter Chawaga

Peter Chawaga is a senior editor at Bitcoin Magazine. He HODLs BTC.

https://bitcoinmagazine.com/articles/hyperbitcoinization-comes-into-focus-during-the-bitcoin-halving

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Bitcoin Core 0.20.0 Released: What’s New

Bitcoin Core 0.20.0 Released: What’s New


Today marks the official release of Bitcoin Core 0.20.0, the 20th major release of Bitcoin’s original software

client launched by Satoshi Nakamoto over 11 years ago. Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by over 100 contributors in a span of about six months. The result of more than 500 merged pull requests, Bitcoin Core 0.20.0 mostly cleans up and hardens the Bitcoin Core codebase, advances hardware wallet integration, improves network reliability and includes several other improvements.Here are some of the more notable changes.

Further Hardware Wallet Integration in GUI

Bitcoin Core has been compatible with hardware wallets since version 0.18.0. However, users cannot yet make transactions with a hardware wallet from Bitcoin Core’s graphical user interface (GUI); they must instead use the command-line interface (CLI) to do that. Bitcoin Core 0.20.0 is taking a step toward hardware wallet integration into the GUI. Users can now create a transaction without a signature in the Bitcoin Core GUI using the partially signed bitcoin transaction (PSBT) format, and copy it to their clipboard. Once copied, they can transfer the transaction to their hardware wallet to sign it — however, this transfer is not yet automated, and broadcasting the transaction still requires using the CLI. Future Bitcoin Core releases will continue to advance hardware wallet integration.

Asmap for More Reliable Network Connectivity

Bitcoin Core connects to several peers (other Bitcoin nodes) on the Bitcoin network. Bitcoin Core maps other nodes based on their IP addresses, with the intent to establish connections with peers from various regions and Internet Service Providers (ISPs). If a node receives blocks and transactions from peers located all around the world, it decreases the risk that certain data (like a specific transaction) is withheld. Bitcoin Core currently maps IP addresses by Network Operators’ Groups. However, several of these groups are actually part of the same Autonomous System (AS): clusters of Network Operators’ Groups that share key internet routes, and therefore potentially share the same routing bottlenecks where data could potentially be filtered. Bitcoin Core 0.20.0 includes a new configuration option called Asmap, which maps IP addresses by Autonomous System Numbers (ASNs). This ensures that the node connects with peers from a range of different ASs, reducing potential network bottlenecks, thus further limiting the risk that specific data is withheld. (Mapping IP addresses into Network Operators’ Groups remains the default configuration for now, however.)

Removal of BIP61 Reject Messages

Reject Messages (BIP61) are notifications that a node returns when a transaction it received from a peer is rejected, and why. (Perhaps because the transaction is invalid, perhaps because it is considered not to include sufficient fee, perhaps there is another reason for the rejection.) Bitcoin Core developers do not consider the reject messages very useful, however. Most importantly, peers shouldn’t be assumed to reliably return a Reject Message. In other words, if a node doesn’t receive a Reject Message, it doesn’t necessarily mean the transaction was accepted. This limits the usefulness of the messages, while there are better solutions to check that a transaction is valid and includes enough fees. Meanwhile, the messages were making the peer-to-peer protocol more complex, and were taking up bandwidth. BIP61 Reject Messages had therefore already been disabled by default in Bitcoin Core 0.18.0. Bitcoin 0.20.0 has now removed the feature completely.

Removal of the BIP70 Payment Protocol (and OpenSSL)

The Payment Protocol (BIP 70) was designed several years ago to improve Bitcoin’s payment experience. A user and a merchant could communicate additional details about a payment, such as a human-readable destination address (the name of the merchant) and a refund address in case something went wrong with the purchase.

While Bitcoin Core integrated the Payment Protocol, the standard was never widely adopted. Instead, most wallets still use the more basic URI scheme (BIP21): The clickable link or scannable QR-code format that, for example, communicates the payment address and amount. Perhaps more importantly than the lack of adoption, the BIP70 Payment Protocol suffered a number of security and privacy vulnerabilities over the years. Most notably, its dependency on the OpenSSL software library for cryptographic functions required a series of short notice emergency upgrades. Some Bitcoin wallets have, for these reasons, rejected implementing BIP70 altogether. Bitcoin Core 0.19.0 removed the Payment Protocol from the GUI, but users could still compile their node with a special configuration to make use of the feature. Bitcoin Core 0.20.0 has now completely removed the Payment Protocol. With BIP70 gone (and some other software tweaks to remove the dependency), Bitcoin Core has also been able to completely remove OpenSSL from its codecase.

Dumptxoutset As a First Step Toward Assumeutxo for Fast Bootstrapping

A new remote procedure call (RPC) lets Bitcoin Core 0.20.0 generate a snapshot of the UTXO set, which reflects the state of Bitcoin ownership as recorded on the blockchain at a specific point in time (block height). This snapshot can be shared. Future Bitcoin Core releases will share such a snapshot when peers first join the network. This allows the new nodes to immediately start participating on the network from the point in time when the snapshot was made, while the entire history of the blockchain is checked in the background. (Like Assumevalid, a similar shortcut, Assumeutxo does come with trust tradeoffs before the entire blockchain is checked, and should until then be used with these tradeoffs in mind.)

Article Produced By
Aaron van Wirdum

Aaron van Wirdum is interested in technology and how it affects social and political structures. He has been covering Bitcoin since 2013, focusing on privacy, scalability and more. Hodls BTC.

https://bitcoinmagazine.com/articles/bitcoin-core-0-20-0-released-whats-new

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