The Czech gas company will start accepting payment in bitcoin

The Czech gas company Pražská plynárenská has announced plans to start from next month receive payment for their services in bitcoins. It is expected that this opportunity will be open to all 420 thousand customers gas supplier, and at the time of payment, the bitcoins are immediately converted into Czech Koruna.

In addition to supplying the Prague gas company engaged in the maintenance of electrical and heating appliances, telecommunications equipment, transportation, and is included in several IT projects. The head of the Pražská plynárenská Paul Janacek (Pavel Janeček) believes that the introduction of bitcoin payments will attract young customers.

Recall that in Prague is actively engaged in the implementation of cryptocurrencies in different spheres of life. Recently, cryptomite installed in the subway. In addition to the growing number of blockchain startups the city has the world’s only Bitcoin cafe and coworking PaperHub and the Institute of cryoenergy provide training in the basics of understanding of the cryptocurrency market.


Co-founder of Bitcoin Gold will visit the forum Blockchain Life 2018

European entrepreneur, engineer and innovator Martin Kovandjiev will share their unique experience with the participants of the international forum of the Blockchain Life 2018.

Martin known as co-founder of the cryptocurrency’s Bitcoin Gold, the founder Cryptoapps Ltd, Board member blockchain projects Credits and Depository Network, a leading developer of financial-technical project Phyre. In his speech he will talk about what are the risks contains the blockchain technology and will highlight key attack in this area.

To see a list of all the speakers and buy a ticket before the price hike on 15 September on the site of the forum.

The organisers are still accepting applications for participation in the independent industry awards the Blockchain Awards Life. Among the nominations:

  • “The best centralized exchange”
  • “The most promising ICO 2018”
  • “The best Russian blockchain project”
  • “The best cryptocurrency blogger” and 8 nominations.

A list of all the nominations and details are available on the link.

Applications for participation are accepted until September 28. Solemn rewarding of winners will take place on the main stage of the forum.

Recall that the international forum the Blockchain Life 2018 will take place on November 7-8 in St. Petersburg. The event will also be attended by representatives of the cryptocurrency exchanges Kraken, Huobi and OKEx.


IAB Tech Lab will develop standards for the use of the blockchain in advertising

Technical laboratory of the Interactive advertising Bureau (IAB Tech Lab) announced the creation of a working group on the blockchain. The purpose of the initiative was to explore possibilities of application of technology for solving relevant problems in the advertising industry and to develop standards for its use.

Richard Bush, co-chair of the IAB and technical Director based on the blockchain exchange mediacontacts NYIAX, said that «this is the first and primary body that sets the standards for the blockchain in the world media».

Bush and co-chair of the IAB Michael Palmer published a post in which he tried to understand what benefits can bring the use of the blockchain the advertising industry.

The advantages of technology, they noted the possibility to carry out anonymous transactions with low costs, resistance to change or delete data after it is saved and distributed nature of the blockchain, where every participant owns a complete and instantly updated copy of the entire chain.

«Amid the many initiatives that are working on adaptation of blockchain technology to solve various problems of the industry of digital advertising, it is important to create a basis for developing a common set of standards and protocols,» experts say.

According to Bush, the first priority of the group is to develop definitions, priorities and the allocation of the main directions of the use of the blockchain. Researchers are primarily interested in the potential of the technology in areas such as anti-spam, measurement and financial transactions.


The largest bitcoin meetup in South Korea publicly condemned SegWit2x

The largest bitcoin community in South Korea Seoul Bitcoin Meetup has issued a formal statement against the planned November SegWit2x hard forks. The group, which includes 1,600 members, explained his position in an open letter.

“We are confident that BTC inherited a network that will not only withstand this fork, but will continue to thrive as the dominant Bitcoin network. The purpose of this letter is simply to minimize the damage in November of this year. We urge you, the signatory NYA [new York agreement], to reconsider and withdraw your support”, — stated in the preamble of the letter.

It identifies four main problems, according to groups that are associated with scheduled for November 18 hardforum the Bitcoin network:

  • The way in which the agreement was concluded, contrary to the spirit of bitcoin.
  • Segwit2x carries a greater risk, but does not use most of the features provided by properly planned and executed fork.
  • The developers and supporters Segwit2x continued to move senselessly in a careless way, which combines the associated risks.
  • Protection playback is performed in an unacceptably irresponsible manner.

“We will advise our local community to avoid using the services of companies that support NYA, and to seek instead alternative,” — said the authors of the letter.

In conclusion, they called on all signatories to the agreement on SegWit2x to reconsider their position, welcomed those who has withdrawn his signature under the NYA, said:

“Remember, there is no shame in revising positions in light of new information and circumstances. Do the right thing.”

We will remind, earlier from the new York agreement was one of the largest mining pools F2Pool. And in October of the Latin American bitcoin exchange SurBTC formally withdrew its signature under the NYA.


Litecoin is #52BTC

Litecoin (LTC) is a fork of Bitcoin, which was created by Charles Lee, former Google employee and technical Director of the cryptocurrency exchanges Coinbase. Litecoin code available to everyone on GitHub.

The release of Litecoin was launched in October 2011, and for a while he was second in the capitalization of cryptocurrency, for which he received the name «digital silver». Now Litecoin is ranked fifth after Ethereum, Ripple and Bitcoin Cash. Its market capitalization is $2,966 million Litecoin Value today equal to 0.00961 BTC ($55) – with the beginning of the year it increased by 1,250%.

Just the Litecoin can exist 84,000,000 LTC, which is 4 times more than the maximum number of BTC. Litecoin, like Bitcoin, is extracted by mining. There are specialized Litecoin mining pools. But, unlike Bitcoin, Litecoin uses SHA256 instead of scrypt algorithm, performance of which depends on access to large amounts of memory.

If many now compare Bitcoin with gold as an ideal investment option. The fact Litecoin is well suited to the role of money – means of payment with the necessary functionality.

Time finding a block in the Litecoin average of 2.5 minutes versus 10 minutes for Bitcoin. In practice, this means significantly less time confirmation of payments and the possibility of a greater number of transactions.

In addition, the Litecoin network has made the activation of the Protocol Segregated Witness and implemented technology Lightning Networks (LN), which improved network throughput. And thanks to technology Atomic Swap, Litecoin can be exchanged directly for Bitcoin, Ethereum, Vertcoin and Decred – bloccanti, which also introduced the atomic swaps.

It should be noted that the situation with the two cryptocurrencies – Litecoin and Bitcoin demonstrates the belief that if you are in second place, you work twice. All of the above technology was initially implemented and tested in the Litecoin team which is constantly trying to improve our product. Litecoin is faster and more flexible than Bitcoin, allowing it faster to try new ideas and experiment.

The main and very serious competitor to Litecoin, I would say not Bitcoin, and zcash for, which is based on the Zerocash Protocol, designed to ensure the anonymity and confidentiality of transactions. Precisely because of its anonymity, the bitcoin has received the support of Edward Snowden, who directly called the cryptocurrency «the most interesting alternative to Bitcoin».


Litecoin if you can’t overtake Bitcoin in popularity. But as they grow the cryptocurrency industry, the greatest recognition I can achieve some crypto-currencies. And Litecoin, from a technical point of view, has all the chances to do it, becoming an ideal digital currency for retail transactions.


The events surrounding Telegram last night — #DeCenterDaily

Why Telegram is working in spite of the lock and any security rules you need to adhere to when using it.

Roskomnadzor ordered the operators and service providers to block the Telegram on the morning of 16 April, after 13 April, Tagansky court of Moscow ruled to ban the work of the messenger in Russia. After a brief blocking of the majority of Russian providers and operators of cellular communication Telegram bypassed the restrictions and continued to work without using proxy servers and VPN. To circumvent the command of the messenger succeeded, using a rather clever scheme. Telegram uses a push service called DC_Update. In normal conditions, it is necessary to increase the stability and acceleration of the messaging, and with it, the application can obtain the new server addresses Telegram that helped to bypass the lock. Probably, Roskomnadzor trying to calculate a pool of addresses to which the Telegram is drawn every 15 minutes and makes a new advance in the «black list», shipped to service providers and operators. If the 16th of April in the late evening was 1.873 million blocked IP, the cloud services provided by Amazon Web Services and Google.Cloud, by 15.00 on 17 April, the number of blocked addresses has grown to 17 million. Thus, this lock was the largest in the history of modern Russia. Therefore experience problems gamers, businessmen and passengers of flights. Russian users have lost access to a number of online stores, delivery services, messenger, Viber, Microsoft services. Roskomnadzor appealed to the App Store and Google Play with a demand to remove the application Telegram so that new users are unable to download it. And also the head of the RCN promised to develop a technical solution to calculate IP addresses pushey and lock them up. Why the lock is still unlikely, told Meduza.

Safety rules when using VPN

When using proxies and VPNs to bypass the restrictions may be a number of issues with regards to whether this is legal, and what penalties may follow. Proxy and VPN now is not banned in Russia. But their use can be a problem, because if the service helps to access the locked resource, and Roskomnadzor could be the claim to it, with the subsequent restriction of his activities. However, all limitations apply equally to relations between the state, operators and owners of the service, and to control access should they, and not the users themselves. People were not in danger, even if they found a way to use the messenger as it does not violate any laws. However, to tell about the bypass lock carefully, but formally to give a link to the anonymizer is not a violation.

Economists from the London Imperial College Business School published a study on the «equilibrium price» of bitcoin.

Two economists from the UK theorized pricing bitcoin and other decentralized digital assets. Created a formula for calculating the cost suitable for those cryptocurrencies that use the consensus algorithm Proof-of-work like bitcoin and Ethereum, the study said emiliano Pagnotta and Andrea Buracchi. The price of the cryptocurrency, according to them, depends on Hasrat network and the expected number of future users. The authors note that the decentralized financial network is unique in that «tokens simultaneously perform two functions». In addition to working as an asset, they stimulate the miners to support the network. Therefore, the relationship between consumers and product providers mutual, which creates certain problems with the establishment of equilibrium prices in the market.

Startup decentralized exchanges 0x raised $775,000 in the format of the SAFT and reported to the SEC.

According to the data submitted to the American Commission on securities and exchange Commission (SEC), the startup team 0x involved in the development of a Protocol for decentralized exchanges, just a few days managed to raise $775,000. Attracting investment was made under a simple agreement for future tokens (SAFT). According to the published application Form D, in the purchase token was attended by only 22 investor. The identity of the participants, as well as information on how these funds will be spent, were not disclosed. The OTC platform 0x aimed at providing opportunities for the exchange of tokens ERC20 between different networks. A test launch of the platform took place in may 2017, and since the startup has invested more than 12,000 people.


The organizers of the Indian crypto currency exchange Coinsecure, which recently lost 438 BTC, promised to pay compensation to the victims.

On Wednesday 18 April cryptocurrency Litecoin will become available for trading on one of the oldest in Korea exchanges Corbit. The ability to output LTC from the exchange will appear on the next day after you start trading.

Pornhub added the option to pay in bitcoin. Now users can pay for a premium subscription using tokens Verge.

Exchange Kraken ceased its activities in Japan due to increased operating costs, primarily by increasing regulation of crypto-industry.


Three reasons why you should not evaluate the cryptocurrency market by market capitalization

The value of bitcoin and other cryptocurrencies, is experiencing a rapid collapse of the courses over the past few days, displayed by various factors, most popular of which is the market capitalization. Some analysts believe that it is wrong to assess the crypto asset at its cost, which is based on the current stock price. Why the market capitalization of digital assets is not a reliable metric?

Manipulation of the market capitalization of the whales

Researchers cryptocurrencies noted that poor liquidity combined with less restrictive rules on many cryptomeria allow the founders and major asset holders are easy to manipulate quotes in market capitalization on sites such as CoinMarketCap. This was during the boom, the ICO last year, when whales to achieve the necessary quotes Pamphili course of certain coins.

In addition, the above example CoinMarketCap, as told at the conference Crypto Event RIW co-founder of United Traders Anatoly Radchenko, the publication of price data of assets not used figures from Asian markets, particularly South Korea, where the bitcoin’s price is usually higher than on European or U.S. exchanges. Although, in theory, the market capitalization should consider quotes from all crypto trading sites. Due to the fact that not all of the data, the value of the coins is not quite true.

Evaluation of crypto-currencies in dollars

The most popular currencies that assesses crypto-asset and its market capitalization, is the U.S. dollar. In this lies a deep philosophical problem: the market capitalization, which is essentially the product of the price of the token and their total number, implicitly evaluates the success of each crypto-draft terms of expected future monetary output. For the industry based on trying to invent a new, completely identical money, or rather, their non-financial form, contradictory to be based and rely on Fiat currency.

Prioritization return on investment on the basis of the dollar helps to create communities of passionate crypto-enthusiasts who plan to make a profit due to the high exchange rate. When the major indicators of crypto-asset real Fiat currencies are very rarely professionals, e.g., software developers or entrepreneurs with their business, which at his desire may promote the development of the industry to make the blockchain and cryptocurrency to the usual, required for all the items of daily issues.

Day traders and imaginary cryptocurrency experts from Twitter, Telegram or YouTube, which gather the audience and to use its gullibility, earn a lot of money. Even in the case that the opinion of the Internet users coincided with the upcoming market news, universal Analytics will not affect crypto-culture in the desired way, not develop it. Another category of current users refers to the pioneers in ICO when each project began to collect Fiat money and create useless tokens.

It is important influence the community to attract investment

Digital coins and their development directly depend on the team that develops technologies and tokens. Professionals work in teams, exploring new area and create your product. All members of the community are not only driven by the desire to obtain his fee, but the idea of cryptocurrency. Of course, not every project and digital asset pursue high goals in the industry a lot of fraud, but popular coins offer new ideas for the decentralization of the economic ecosystem.

The crypto-community, as noted by many market researchers, become more thoughtful and calm. Learned to some extent to distinguish the Scam from the really promising project. So if you want to evaluate a token of any project, it is important to assess the quality of work and team. However, in this case, the price depends on the dollar.

Tools to measure crypto-asset

DeCenter already wrote about how to calculate the value of crypto-asset. Often Takenaka is based on the basic concepts of classical Economics and uses variables of the formulas to obtain the Fiat of value. Therefore, the data obtained is not quite true, because classical Economics does not take into account the unique ecosystem of digital assets.

Analysts famous publication Coindesk propose to measure the cryptocurrency to use a more relevant indicator — bitcoin, which reduces the value of price as measure of value.

After all, a balanced multidimensional representation of the value of the asset includes many objective measures of engagement and interest to each and every crypto project with its own unique coin. Price or market capitalization must be only one of the five selected indicators. Do not forget about the activity of developers, the volume of trading on the exchange, transactions on the blockchain and activities of the community in social networks.

Grid evaluation of crypto-assets from Coindesk. Instead of the usual for many exchanges the us dollar experts advise to use bitcoin, which is indicated by the yellow line. And Ethereum, for example, the blue closed curve. Because of this, you can see how ETH less BTC. Source.

After evaluating all factors, you receive a General image of the coins forms an idea about its nature and what surrounds it. For example, if you look, the perception of zcash for highly distorted in relation to the involvement of developers, which appears to reflect the passion felt by many cryptographers for protection of sensitive data, which is the basis of coins. But the project has very few transactions and very little participation in social networks.

In contrast, the profile for XRP dominates at the expense of participation in social networks reflects the existence of «XRP-army» on Twitter and other media sites. In addition, Ripple develops on their own experience, therefore, recently started to communicate with the community. Because maintaining direct communication with investors and users of the project is one of the main points quality of the project.

Bitcoin based instead of dollar

To measure the value of altcoins, analysts say Coindesk, it is better not in American dollars but in bitcoin. However, some researchers have criticized the selection of the first ever digital asset as a reference for other coins because in this case the status will be regarded as supporting the prejudices of the so-called bitcoin maximalists who believe only in the first digital asset.

In principle, the balance or the average rate of some coins and their weighted average, could reverse the problems with the criticism of the community. But these calculations would be difficult. Furthermore, the absolute evaluation of bitcoin for all five measurements does not reflect the absolute data analysts presented their vision for comparison. Likely that any altcon can surpass bitcoin on any of the five indicators, and then have to assess the parent currency at a lower.

Model where will bitcoin be used as a starting coins to estimate other costs, will be similar to world markets, where there is a lot of currencies of different countries, and to measure the receive data in the same indices, we use the U.S. dollar. It often happens that coins of the strongest economies in the world such as UK pound, or Switzerland is the Euro worth more than the dollar.

For the selected measures at the moment, bitcoin, in spite of his poor performance, is the most popular on the market and currency is the confidence of the community. Probably, in the future, if the dominance of digital gold will change, it will be possible to use a different cryptomonad to assess all other projects.

Of course, this method of building understanding of the cryptocurrency is experimental and carries recommendatory, rather, an alternative initiative for a more comprehensive evaluation of crypto-asset in it is different from the classical Economics of the environment.

At the moment, large institutional investors, as has been said many projects are on the verge of entering the market, it is very important that they postponed its dollar valuation model and recognized that the value of digital assets is not only the market capitalization of the coin. After all, the cryptocurrency market is distinct from the world of classic stocks and bonds and this attractive.


US congressmen have proposed to develop a road map for the regulation of cryptocurrencies

The representative of the Democratic party of Florida Darren Soto and Republican Ted Budd from North Carolina has prepared two draft laws regulating the industry of cryptocurrency. The document is published on the official website of the U.S. Congress.

Turning to the financial regulators of the United States, the congressmen stressed the importance of control of the stock market and protect investors, which proposed to create the appropriate road map.

Thus, the bill «On protection of consumers in the field of virtual currencies» to investigate manipulation in the market of cryptocurrencies and how to prevent them with making appropriate regulatory changes.

The draft law «On the markets of virtual currencies and regulatory competition» we are talking about the study of world experience of cryptocurrency regulation. In particular, it spelled out how Congress can avoid risks and contribute to the development, for the development of blockchain technology in the United States and a positive impact on the economy of the country.

«We need to ensure that the United States is taking advanced measures to protect consumers and the financial welfare of investors and cryptocurrencies bloccano, at the same time promoting the conditions for maximizing the relative technological advantages», — said Soto and Budd.

In General, congressmen are confident that the implementation of their laws will help US to take a leading position in a promising cryptocurrency market.

Earlier in December, the Ministry of national security of the United States announced its intention to examine methods of analysis of transactions using anonymous cryptocurrency for criminal purposes.

In September, the General Prosecutor’s office in new York said about the vulnerability of bitcoin exchanges to market manipulation.

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Huobi will launch a regulated crypto currency exchange for institutional investors

After receiving DLT-licensed in Gibraltar cryptocurrency exchange Huobi has revealed plans to launch a global infrastructure for customers.

As representatives of Huobi, the Gibraltar license authorizing the storage and transfer of cryptocurrency assets on behalf of clients around the world. It will also facilitate the exchange of Fiat money for scriptactive, said in a press release.

«DLT-license will allow us to open a fully regulated stock exchange for global institutional and retail clients, so this is a big win for Huobi and very positive step forward for the implementation of our global strategy,» – said the head of institutional business Huobi Lester of Hoda Lee.

Huobi has also plans to launch services for the OTC market.

«We plan to give its customers the benefits of integrated solutions, the implementation of which would have been impossible in the old paradigm», — said Lester Hoda Lee.

He added that the future of cryptocurrency depends on the regulation of the industry. According to Lester Hoda Lee, DLT-license will attract into the industry from institutional investors, who want to work in a regulated field.

In a press release from Huobi also noted that Gibraltar was the first jurisdiction that implemented the regulatory framework for the provision of services in the field of technology of the distributed registry.

We will remind, in November Huobi Global announced the launch of the beta platform for trading cryptocurrency derivatives.


In the second quarter of Wirex will launch a cryptocurrency debit cards in Asia

British operator bitcoin wallet and debit card Wirex will introduce contactless debit crypto card for residents of Asian countries in the second quarter of 2018. Cardholders will be able to use multi-currency accounts for quick transfer of Fiat funds (Singapore dollars, British pounds, euros and American dollars) to cryptocurrency, and also to pay for their goods and services.

In addition, payment card Wirex will support the 3D Secure technology to ensure payment security on the Internet. It is expected to issue two types of cards: plastic and virtual.

We will remind that in October of 2017 FINTECH Japanese company SBI Holdings and Wirex signed the agreement on creation of joint venture, SBI Asia Wirex. In Wirex has committed itself to provide the endeavor, expertise in blockchain technology, while SBI Holdings will focus on ensuring support and scaling in the Asian market.

A week ago, the British company began to offer the cryptocurrency debit cards in Europe. Access to the virtual cards, according to representatives of Wirex, already got everyone from the UK. Next in line are residents of France, Italy and Germany.