Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.

Also Read: Check out Bitcoin.com’s Rebrand Giveaway and Win a Keepkey Hardware Wallet

Tavanir Grid Spokesperson: ‘Crypto Miners Are Consuming Too Much Electricity in Iran’

This week, state-run electric company spokesman Mostafa Rajabi Mashhad told the Iranian press that cryptocurrency mining has pushed the country’s electrical consumption to unstable levels. Rajabi warned illegal mining operations would be shut off from the grid and highlighted that the Iranian government has yet to decide on the approved energy prices for these types of operations. Bitcoin mining in Iran has become a hot subject of late because of rumors that prices are astronomically lower than even China during the wet season.

GPU Ethereum miners in Iran.

Last September the government allegedly recognized mining as an “accepted industry” according to the Secretary of Iran’s Supreme Council of Cyberspace, Abolhassan Firouzabadi. The Iranian official stated that the mining industry was approved by the Ministry of Energy, the central bank, and the Ministry of Information and Communications Technology. However, at the time, when the spokesperson told the press about the government’s recognition, Firouzabadi also stressed that the “final policy for legislating it [crypto mining] hasn’t been declared yet.”

A Bitcoin mining facility in the desert outside of Tehran.

Months later, in April 2019, Chinese miners reportedly found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. One Chinese miner recounted how he had to smuggle machines across the border and that Iranian border officials confiscated at least 40,000 crypto mining rigs of varied models. Even with the chance of getting machines seized by the Islamic Revolutionary Guard Corps, the cheap prices have lured miners from around the world. Last December, Tehran-based cryptocurrency analyst Nima Dehqan detailed that miners from China, Spain, Ukraine, Armenia, and France were flocking to Iran.

Illegal Bitcoin Miners Will Be Identified and Cut off From the Grid Until Electric Prices Are Approved

Rajabi told IRIB News that at on June 21 data showed that Iran’s electrical consumption jumped by 7%. The Tavanir said the energy spike was “unusual” and “a bulk of that unusual increase is because of the activity of bitcoin miners.” Rajabi explained that the consumption over the last two months was more than three out of 31 Iranian provinces. The grid spokesperson insisted that until government subsidy electric prices are approved, Iranian officials will shut down illegal mining operations. “Bitcoin miners will be identified and their electricity will be cut,” said Rajabi during the press conference. Rajabi added that citizens of Iran from different provinces were having issues because of the mass electrical consumption.

Spokesperson for Tavanir, Mostafa Rajabi Mashhad.

The report from Rajabi follows statements made by the deputy energy minister in Tehran who said electricity bills for cryptocurrency miners should be calculated in real prices. Deputy energy minister Homayoun Haeri remarked on June 9 that digital currency miners should be paying the same rates as other businesses within the region. However, there’s been reports of operations using properties that get much lower electrical rates. This includes crypto mining operations illegally using government buildings, factories, and mosques. Iranian officials apparently pay more than $1 billion per annum to help subsidize the country’s electrical costs. It will be tougher for under the cuff operations using subsidized electric sources, but the announcement from Rajabi stopped short of an outright mining ban.

What do you think of the recent statement stemming from the state-run electric company Tavanir? Let us know what you think about this subject in the comments section below.


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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

The Guns N’ Bitcoin Scorpion Case Holds Your Shooter and Your Satoshis

The Guns N’ Bitcoin Scorpion Case Holds Your Shooter and Your Satoshis

Digital assets have become very valuable over the last few years, spawning a string of devices that protect cryptocurrencies from malware and mishandling. Now there’s a company called Guns N’ Bitcoin that offers a durable case called the Scorpion that holds not only a hardware wallet, but also three types of full to compact pistols and magazines for the gun. Guns N’ Bitcoin believes crypto enthusiasts should guard their “pocket-sized Swiss bank accounts” with a case that can protect people’s assets from the elements as well as physical attacks.

Also read: Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits

Its a Jungle out There and Guns N’ Bitcoin Wants to Keep Your Crypto Safe

There’s a startup that believes people should protect their digital assets with a case that holds your firearm and your hardware wallet all in one place. Guns N’ Bitcoin has developed a case called the Scorpion that claims to do just that. It offers protection from unauthorized physical access alongside fire, water, compression and damage from dirt. The Scorpion’s manufacturers declare that the case forms a rugged compartment that’s waterproof, impact proof, dust proof, vibration proof, and can be immersed in water to 1 meter depth. The case can be purchased for $124 with additional accessories like an adjustable case lock.

The Scorpion compartment can carry a variety of the popular hardware wallets on the market today, as well as a folding pocket knife. Guns N’ Bitcoin’s case also can fit subcompact, compact, and standard size pistols inside. Moreover, the company says the case can house an array of hardware wallet cords and 2-3 magazine clips for the hand pistol.

“Adding a PIN and/or passphrase to you wallets makes it harder for a thief to steal your funds — As does using multi-sig transactions — But some wallets can still be hacked if an attacker can gain physical access,” explains the Guns N’ Bitcoin website. The startup’s message continues:

Even more frightening, a criminal can break into your house and demand you provide the passphrase or perform the multi-sig transactions so that he may steal your bitcoin, and will kill you or your family if you don’t comply. Having a gun next to your wallet increases your chances of defeating a violent attacker.

The Guns N’ Bitcoin Scorpion Case Holds Your Shooter and Your Satoshis

Is It a Good Idea to Keep Your Firearm and Crypto Together?

For another $26, Scorpion buyers can purchase a cable lock to ensure the gun and hardware wallet stays put. Essentially you thread the cable lock through the case padlock holes and around the case to prevent opening and can loop the cable around an immovable object. Guns N’ Bitcoin is a registered trademark of Piha LLC., a firm that “creates gear, clothing, and accessories for the vanguard.”

The Guns N’ Bitcoin Scorpion Case Holds Your Shooter and Your Satoshis

The Scorpion case is an interesting concept, but not an entirely new idea. There are plenty of manufactured compartments on the market that are made to house precious metals and firearms in a similar manner. Cases like these do have criticism surrounding them as some people don’t like the idea of keeping a gun and bitcoin all in one place. Guns N’ Bitcoin, however, disagrees and responded to critics this week who believe the case seems like an ‘all your eggs in one basket’ situation.

“If someone invades your home, they are already there to steal your assets, and perhaps specifically, your bitcoin — Your best strategy is to be armed and ready,” Guns N’ Bitcoin insisted.

What do you think about the Scorpion case? Do you think it’s a good strategy to store your firearm and cryptocurrencies all in one place? Or do you agree with Guns N’ Bitcoin that it’s better to be armed? Let us know what you think about this subject in the comments section below.

Disclaimer: This editorial is intended for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Image credits: Shutterstock, and Guns N’ Bitcoin.


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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

Check out Bitcoin.com’s Rebrand Giveaway and Win a Keepkey Hardware Wallet

Check out Bitcoin.com’s Rebrand Giveaway and Win a Keepkey Hardware Wallet

Last week Bitcoin.com rebranded and to celebrate the new look, we’ve decided to give away a bunch of prizes to our followers. This week we’re giving out a Keepkey hardware wallet, collectors coins, Bitcoin.com Store vouchers and t-shirts with our new logo.

Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research

Grab Some Swag Courtesy of Bitcoin.com

We designed Bitcoin.com to be the go-to web portal for all your Bitcoin needs and over the last four years we’ve been prepping to serve billions of people worldwide with our educational resources, tools and services. Last week we rebranded our website with a whole new palette of colors, a fresh design, and a popping new logo. After six months of hard work and determination, we finished the rebrand and showed the world our new look. In order to celebrate the occasion, we’re giving away a load of prizes to our avid followers and website visitors. All you have to do to participate in our giveaway is log in to Twitter and retweet our giveaway post.

Here’s what you could win:

  • 1st prize: A starter pack including a Keepkey hardware wallet, set of collector coins, and a t-shirt featuring our new logo.
  • 2nd prize: A $30 voucher to spend in our online store.
  • 3rd prize: A $10 voucher to spend in our online store.
  • Runners up: 1 of 30 t-shirts featuring our new logo.

The first prize winner will snag a Keepkey hardware wallet from our online shop Store.Bitcoin.com so they can generate and manage private keys offline in cold storage. Each device generates a 12-word recovery sentence during initialization which can be used to retrieve private keys for a wide variety of cryptocurrencies. The first prize winner will also receive a Collector’s Coin Pack which includes a number of replica gold-plated physical bitcoins (not loaded) that are fireproof and will last a lifetime. In addition to winning the Keepkey and coins, the first prize winner will also get a t-shirt with our new logo.

Check out Bitcoin.com's Rebrand Giveaway and Win a Keepkey Hardware Wallet

The second prize winner will receive a $30 voucher to spend at our online store and third prize will win a $10 voucher for our shop. Store.Bitcoin.com has a ton of crypto-related and bitcoin cash swag, like t-shirts, hats, watches, pins, accessories, hardware wallets, and even gift cards to the top brand stores everyone raves about. Lastly, Bitcoin.com giveaway runners-up will get 1 of 30 t-shirts that feature our newly designed logo. For your chance to win, simply retweet our giveaway on Twitter. All of the winners will be announced next Sunday on June 30.

Check out Bitcoin.com's Rebrand Giveaway and Win a Keepkey Hardware Wallet

At Bitcoin.com we love the crypto community and watching the ecosystem grow has been a wonderful sight. So remember, the rebrand giveaway can be entered by anyone with a Twitter account who retweets our giveaway post. So what are you waiting for? Give us a retweet! Bitcoin.com will announce the winners at the end of the week, so stay tuned.

What do you think about the Bitcoin.com rebrand giveaway? Let us know what you think about this subject in the comments below.


Image credits: Shutterstock, Bitcoin.com, Store.Bitcoin.com, and Pixabay.


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Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

A current or former Chainalysis employee has gone rogue and conducted an AMA on r/Bitcoin in which he disclosed sensitive information about the company’s blockchain forensics capabilities. The whistleblower then appears to have had a change of heart and deleted all their comments. Thankfully, the internet never forgets. The comments remain archived on Removeddit.com and they provide a fascinating insight into one of the most hated companies in crypto.

Also read: Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits

Chainalysis Has Its Dirty Secrets Aired in Public

As a company that works hand in glove with law enforcement, governments, defense contractors and other three-letter agencies, Chainalysis is secretive about the sauce that makes up its proprietary tech. The company was dismayed, therefore, to discover that an anonymous employee was conducting an ask me anything (AMA) on Reddit on June 24 without their permission. Users of r/Bitcoin proceeded to ask a series of probing questions about Chainalysis’ forensic capabilities, which the anon was only too happy to answer.

Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

Twelve hours later, perhaps after sobering up, or after management tracked down the rogue employee and placed pressure on them, the comments were deleted, but an archived version remains. When asked about the company’s take on BTC mixing tools such as Coinjoin, Wasabi and Samourai Whirlpool, for instance, the anon began: “I personally love it. The company management hates it, of course. Things like that destroy the need for our/their software. It can make the software completely irrelevant.”

Simple Preventative Measures Can Make Blockchain Forensics Obsolete

Many cryptocurrency users feel that they are powerless to attain a reasonable measure of privacy in the face of such well-funded and well-equipped adversaries. As the Chainalysis anon’s AMA shows, however, forensics tools aren’t nearly as powerful as they’re made out to be, and simple obfuscation measures can thwart them. (Having recently spoken to a Chainalysis employee at a blockchain conference, in which a similar sentiment was expressed, news.Bitcoin.com can attest to this.) When quizzed about the ability of coin mixing and other privacy tools to make Chainalysis obsolete, the anon replied:

Even just privacy coins are more than anyone can handle right now, but throw in anonymization techniques, and forensic tracking utilities are done for. They might still have a niche purpose, but it will be small.

Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

Commenting on Chainalysis’ most hated adversarial tool, the anon ventured that it was probably Wasabi, a privacy-oriented BTC wallet that used Coinjoin. While conceding that bitcoin mixers are “still bad” for forensics firms, the anon asserted that “Wassabi is enemy number one. There is no way to de-anonymize it, and I don’t see how the government can legally take Wassabi down, so it will probably persist. Put it this way, if everyone used Wassabi, Chainalysis would go out of business.”

While observing that “running your own node and electrum server is a great way to not get your IP tracked” by Chainalysis software, he countered that mobile wallets are bad for privacy. As for the five likeliest things to have your bitcoin transaction flagged as suspicious, the answer came: “Being stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from terrorist financing, and coming from ransomware payout addresses.”

An Unethical Company or an Innovative Startup Fighting the Bad Guys?

To say that Chainalysis and similar companies are controversial within the bitcoin space would be an understatement. On the one hand, their software can generate useful research reports into on-chain activities, including UTXOs, “hodler waves,” and lost coins. It can also be used to follow the flow of hacked funds from exchanges. But on the other hand, many people believe Chainalysis goes against the spirit of bitcoin, and that its software will be sold to despotic regimes who will use it to surveil and persecute cryptocurrency users, leading to a financial system that is even less inclusive than the one Bitcoin was designed to replace.

When quizzed on the most unethical thing Chainalysis has done, the anon responded: “1. Transparency. 2. Defeating the purpose of a system that was designed for anonymity, thereby reducing the interest and market for crypto. And pushing people into other crypto platforms, away from what we/they are able to track.”

“[Chainalysis] definitely think they are the good guys,” he commented. “They are definitely team government, which doesn’t sit right with me, personally. Self-righteous would be a good way to describe the attitude of some of them … Not a single person in the company has displayed any sort of concern over the ethics of our software except for one person being concerned that law enforcement would use our software and abuse their authority … He left.”

Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

According to the anon, the government agencies using Chainalysis software include HSI, FBI and IRS (they “seem to have the most licenses, or are, at least, the most active in using our software, since their names come up constantly.”) In addition, “ATF, DEA, SEC, Secret Service, CIA (through In Q Tel), and most of the other federal law enforcement agencies are running the software. Only really large police departments are running the software (it isn’t cheap) like NYPD. I know some district attorney offices have software licenses too, but I don’t know which ones. Oh and RCMP uses the software too. And Europol. The national police (NCA) in the UK, as well.”

Other gems from the now deleted AMA include confirmation that Chainalysis runs its own Electrum nodes (at one point it was responsible for 10% of all BTC nodes) and discussion of whether Chainalysis creates dusting attacks for tracking purposes: “It has been discussed a few times, but no one has ever admitted to it. It doesn’t seem like there is much utility in it, because if the address exists on the blockchain, it can already be tracked. And if it doesn’t, a single payment to it will make it appear in the software, so no need for dusting. It wouldn’t improve IP tracking capabilities.”

Use Mixers and Monero for Privacy – Don’t Use Mobile Wallets

The anon also explained that Chainalysis keeps its “own database on entities in the crypto space are a known, or believed to be bad actors. Individual people aren’t exactly tracked.” As for cryptocurrency that has passed through a mixer, “Mixed funds are rated as high risk if the mixer is attributed (known about). Same level as dark net markets.” During the AMA, he recommended monero for privacy, but reiterated the need for caution for mobile wallets that don’t incorporate privacy measures.

Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

Final privacy advice from the current or former Chainalysis employee went as follows: “I would say to avoid mobile wallets, look into Wasabi/Coinjoin and similar efforts, run a VPN/tor at all times, remember that everything you check out on the clear net is being logged by someone.” Shortly after typing those words, Reddit user “chainalysis1” deleted their account.

What are your thoughts on Chainalysis? Let us know in the comments section below.


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Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

Kai Sedgwick

Kai’s been playing with words for a living since 2009 and bought his first bitcoin at $12. It’s long gone. He’s previously written white papers for blockchain startups and is especially interested in P2P exchanges and DNMs.

Buy Airline Vouchers With BCH From Flightgiftcard

Buy Airline Vouchers With BCH From Flightgiftcard

It’s the season of travel and if you want to surprise someone with a trip, you can now do it using cryptocurrencies like bitcoin cash (BCH). Flightgiftcard.com is a Dutch website that allows you to order airline vouchers and send them to your friends and family with a personal message.

Also read: BCH Can Be the Global Coin for Daily Spending, Says Italian Crypto Executive

Flightgiftcard Lets You Customize Gift Cards for Air Travels

When buying a voucher from Flightgiftcard, you can choose between three different options. Printout and Email are the fastest as they take only a few minutes to order. In the first case you’ll receive a PDF file in your inbox with customized text and image, while the Ecard, or Evideo, can be emailed to the recipient. You can also purchase a physical luxury gift card and have it delivered to your address. Then you’ll be able to add a handwritten message to it.

You can order up to 10 vouchers at a time and have their value denominated in a number of major fiat currencies including euro (EUR), U.S. dollar (USD), British pound (GBP), and Japanese yen (JPY). You can also select an image according to the occasion from hundreds of stock photos in categories such as Birthday, Anniversary, Wedding, and Congratulations. Alternatively, the online platform lets you upload your own personalized image.

Buy Airline Vouchers With BCH From Flightgiftcard

Once you create your Flightgiftcard voucher and confirm the order, you’ll be offered multiple fiat and crypto options to pay for it. These include bank cards like Visa, Mastercard and American Express, as well as payment processors such as Paypal and Ideal. If you choose to buy the voucher with digital coins, you’ll be able to send bitcoin cash (BCH), bitcoin core (BTC) and litecoin (LTC).

Recipients of the Flightgiftcard vouchers can search for flights with over 300 airlines and departures from 70 countries around the world and they can book a flight using the platform’s website. Businesses can order branded vouchers to send to their employees, clients or partners as corporate gifts.

For more gift cards you can purchase with bitcoin cash, check out our Spend Bitcoin Cash page, where you can shop online for a variety of products and order gift cards of major retailers such as Macy’s, Target and Home Depot. The cards are listed in multiple categories including Travel and Lodging, Sports and Outdoors, and Home and Garden.

Would you surprise your friends with gift cards bought with cryptocurrency? Do you know other platforms where you can buy airline vouchers with BCH? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock, Flightgiftcard.


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Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Bulgaria, which sometimes finds itself at the forefront of advances it cannot easily afford. Quoting Hitchens, he says: ”Being a writer is what I am, rather than what I do.“ International politics and economics are two other sources of inspiration.

Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits

Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits

On June 24, well known nonprofit the Tony Hawk Foundation revealed it is now accepting cryptocurrencies for donations through Bitpay. The foundation founded by the pro skater Tony Hawk has funded 623 skatepark projects and now people can donate with BCH and BTC. With the latest collaboration, Bitpay now services over 100 nonprofit organizations processing $37 million in donations over the last three years.

Also read: BCH Development Fund Doubles Its Goal After a Successful Month

Tony Hawk Foundation Now Supports Crypto Payments

Tony Hawk is one of the most recognizable professional skateboarders of all time. The American athlete has influenced generations of kids and young adults to jump on a four-wheeled board. Hawk not only created dozens of the tricks we know of today, but he was always relatable and funny in movies like Gleaming the Cube and the Bones Brigade. After his amazing career of inventing new tricks and pioneering the modern age of vertical skateboarding, Hawk created a nonprofit so the youth can continue this legacy.

Tony Hawk Foundation Added to Bitpay's 100 Crypto Supporting Nonprofits
People can donate to the Tony Hawk Foundation here.

So far there are more than 500 Tony Hawk Foundation (THF) grant recipients who have opened skateparks and these parks are visited by more than 5 million people annually. This week the charity announced a partnership with Bitpay in order to accept crypto payments in BCH and BTC.

“THF has long been recognized for our innovative approach to building communities, and we’re excited to offer this great new way to support our work,” Miki Vuckovich, executive director of the Tony Hawk Foundation, stated.

Tony Hawk Foundation Added to Bitpay's 100 Crypto Supporting Nonprofits
“After receiving thousands of e-mails from parents and children across America who did not have a safe, legal place to skate and in some cases arrested for skating on public property, Tony Hawk decided to establish a foundation whose mission would be to serve this population. $9 million has been awarded by the Tony Hawk Foundation to help create public skateparks.”

Bitpay Processes $37 Million in Cryptocurrency-Denominated Donations

The partnership with THF highlights the fact that the Atlanta based cryptocurrency payment processor Bitpay now supports over 100 nonprofits. According to the firm, since 2017 Bitpay has processed more than $37 million in cryptocurrency-denominated donations. Well known charitable organizations working with Bitpay include the Wikimedia Foundation, the Electronic Frontier Foundation (EFF), Greenpeace, Heifer International, The Water Project, and the American National Red Cross. Donating funds with crypto can be done easily on a mobile device or home computer in less than a minute. Moreover, BTC or BCH-based donations can be accounted for and verified on a public block explorer.

Tony Hawk Foundation Added to Bitpay's 100 Crypto Supporting Nonprofits
Nonprofits that accept digital currency donations via Bitpay.

After revealing the alliance with the charity THF, Sonny Singh, the chief commercial officer of Bitpay, explained that as blockchain payments continue to move mainstream, “[Bitpay] is seeing an increase in donations from the crypto community.” Singh continued:

Bitcoin and Bitcoin Cash offer an economical payment option in comparison to traditional bank options where more money goes to charity rather than paying fees.

Many people believe that cryptocurrencies will revolutionize the money system, but at the same time, philanthropy can be enhanced by being able to fund any project from across the world. Much needed and often taken for granted things like schools and water wells can be built. And now people can donate to kids who want to drop in on a halfpipe for the first time or be the next kid to land the 900.

What do you think about the Tony Hawk Foundation accepting cryptocurrency donations? Let us know what you think about this subject in the comments section below.


Image credits: Tony Hawk Foundation, Pixabay, and Bitpay.


Now live, Markets.Bitcoin.com. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

 

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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

Updated Crypto Guidelines From FATF Has Far-Reaching Implications

Updated Crypto Guidelines From FATF Has Far-Reaching Implications

The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access.

Also read: BCH Development Fund Doubles Its Goal After a Successful Month

The Incoming Deluge

Regulations have value. In a private business they are boundaries and expectations set by the owner, and adhered to voluntarily by those that utilize their service. Management-imposed regulations in a private brokerage firm can keep irresponsible practices such as selling heavily margined stocks and other credit scams to naïve, desperate, and gullible investors to a minimum, for example. However, when regulations move beyond the realm of private property, and into the field of force and coercion—applied to all individuals regardless of property or individual self-ownership—the regulations then become immoral and violent.

The potential enforcement of updated crypto guidelines from the FATF has far-reaching implications for the privacy markets worldwide, and is being undertaken ostensibly to combat terrorism, money laundering, and other related cyber-crimes. For those abreast of the current world situation, where the very same G20 nations that would be enforcing VASP guidelines are waging endless war, inflating currencies, trafficking drugs and humans, and destroying whole countries and economies, the irony here is a little hard to shake. It seems a whole new influx of laws are coming, and how the market handles this new deluge will be very telling.

Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching Implications

The Soft Power Sway of ‘Guidelines’

What’s interesting about these new FATF guidelines is that, in and of themselves, they are just that: guidelines. There is nothing technically binding about any of them, legally speaking. However, with this news emerging just before the G20 summit in Osaka in Japan on June 28-29, where blockchain tech and cryptocurrency will be a central topic, it’s probably not presumptuous to begin connecting the dots. (In fact, Japan is already considered by many to be the world leader in cryptocurrency adoption and regulatory action.)

Participant countries will be creating their own VASP and FATF-compliant legislation, and those exchanges and traders refusing to comply will then presumably be blacklisted and made “irrelevant” or “radioactive” by default. As an important aside, this style of “soft power” governance is becoming more and more common, and is not a coincidental phenomenon. Where statism has always been about control via direct force, more or less, it is increasingly sold as “winning hearts and minds,” “convenience,” and “social progress,” with the violent force component hiding just beneath the surface.

What do the FATF Guidelines Require?

Among other things, the final, updated “guidance” encourages the dissemination of basically any and all sensitive trader information—up to and including national ID numbers, IP addresses, browsing histories, and potentially even emails—in the supposed interest of combating anonymity—ostensibly that anonymity being used for cover in illegal actions. As you and I know, this is an especially scary prospect considering that legality and morality are never synonymous, and often are at direct and vehement odds with one another.

Regulatory Tidal Wave: FATF Issues New Guidance Instructing Exchanges to Collect and Share Sensitive User Information

Later in the guidelines, on page 43 it is written:

Examples of existing technologies that providers could consider as a foundation for enabling the identification of beneficiaries of VA transfers…include…Public and private keys…Secure Sockets Layer (TLS/SSL) connections, which make use of public and private keys among parties when establishing a connection and secure almost all transmissions on the Internet, including emails, web browsing, logins, and financial transactions.

Wow. So much for anything “crypto” or “secure” about these suggested courses of action.

Regulatory Tidal Wave: FATF Issues New Guidance Instructing Exchanges to Collect and Share Sensitive User Information

Iran as a Central Factor

Do the current U.S. military tensions regarding Iran play into all of this FATF and G20 excitement? First, a couple things to note. One is that Iran has already announced plans to drop the U.S. dollar soon in foreign trade. The resource-rich country seems to be an obsession for the U.S. military and political machine in general, with almost constant saber-rattling in major news media outlets for the past decades regarding the Iranian nuclear program and supposed links to terrorist organizations.

Second, the country is—in a sense—financially independent and oil-rich, and thus not easily swayed by Western interests. Iraq and Libya have previously ventured down similar independent paths, and the wake of destruction resulting from NATO aggression and U.S.-allied military action can be seen all too clearly. The message? Use our money, submit to our governance, or pay dearly.

While fiat currencies, the USD in particular, have held court for a long, long time now via their Keynesian magic of unlimited printing (“quantitative easing”) and force-based participation (the gun to your head telling you “THIS HAS VALUE”), the crypto space provides a whole new paradigm. Doesn’t it make sense to fear this innovation’s adoption by one’s enemies—including Iranian interests—if the objective is to control the flow of capital and resources? Listen to how often the supposed threat of “terror” is hammered into our heads in regard to crypto and the “necessary” legislation and regulation which must supposedly surround it.

Regulatory Tidal Wave: FATF Issues New Guidance Instructing Exchanges to Collect and Share Sensitive User Information

What the FATF Guidance Means for the ‘Little Guy’

By ‘little guy’ I mean the average investor, small business owner, entrepreneur, or trader. Heck, it even could include that random, oddball, lucky individual who already has his “moon Lambo” from investing wisely back when this whole crypto thing was just getting off the ground floor.

Quite simply, all these FATF guidelines mean is: we want to know what you are doing with your assets at all times. Of course private businesses have every right to govern themselves as they see fit. Property owners may determine how their private exchanges are run as they are, in the end, the rightful owners of the business, However, when it comes to the blanket legislation and violence-backed regulation engendered by “soft power guidelines” such as those just issued by the FATF to be enacted over anyone and everyone regardless of property rights, it’s clear an imminent financial and philosophical conflict is at hand.

Surfing the Tidal Wave of Legislation

This tsunami of red tape and state violence heading our way is certainly picking up momentous speed. Every year, every month and every day some new measure is taken by the bureaucracies, politicians and bankers of the world, which compromises the freedom of the individual, and increases the power of the state. It is my hope and vision that innovation and peaceful non-compliance, secured on a sound philosophical base, is truly the ticket that will win the day. In that way, instead of being engulfed by the deluge, perhaps we can instead surf the wave, already having some knowledge of how the technology works, with the state at large lagging behind, as per usual.

Then, when it comes time to pay for more war, more extortion, more trafficking, more destroyed families, communities, homes, dreams and lives, people can begin to simply say—with their wallets…“No.” Shielded by the relative privacy and anonymity blockchain tech and encryption (when properly used) can afford, I don’t think this scenario is too hard to imagine, although self-defense against state violence is always a necessary consideration.

As Buckminster Fuller so aptly stated: “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

Only Time Will Tell

At the time of writing, BTC currently sits at almost $11,000 and BCH is approaching $500. There is definitely an excitement in the space, and it feels good. The FATF will issue their guidelines, and major nation states around the world will likely adhere. None of this changes the most critical thing, however: more and more people will begin to be financially empowered, and presented the opportunity to take control of their own financial destiny, instead of bowing to an increasingly irrelevant and obsolete system whose extinction is certain.

What are your thoughts on the FATF’s proposed guidelines? Let us know in the comments section below.

OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


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Graham Smith

Graham Smith is an American expat living in Japan, and the founder of Voluntary Japan—an initiative dedicated to spreading the philosophies of unschooling, individual self-ownership, and economic freedom in the land of the rising sun.

48 Cryptocurrency Exchanges Now Approved in the Philippines

48 Cryptocurrency Exchanges Now Approved in the Philippines

The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority.

Also read: FATF Releases Global Standards for Crypto Assets

11 Crypto Exchanges Registered by Central Bank

The Bangko Sentral ng Pilipinas (BSP) has registered 11 cryptocurrency exchanges, allowing them to operate in the country, according to the most recent list of Remittance and Transfer Companies with Money Changing or Foreign Exchange Dealing and Virtual Currency (VC) Exchange Service.

The licensees are Betur Inc. dba Coins.ph, Rebittance Inc., Bloomsolutions Inc., Virtual Currency Philippines Inc., Etranss Remittance International Corp., Fyntegrate Inc., Zybi Tech Inc., Bexpress Inc., Coinville Phils Inc., Aba Global Philippines Inc., and Bitan Moneytech Co. Ltd.

48 Cryptocurrency Exchanges Now Approved in the Philippines

The central bank adopted a formal regulatory approach to cryptocurrency through the issuance of Circular No. 944 dated Feb. 7, 2017. It requires businesses engaged in the exchange of cryptocurrencies for fiat money in the Philippines to register with the central bank as remittance and transfer companies. The bank elaborated:

BSP-registered VC exchanges are now required to put in place adequate safeguards to address the risks associated with VCs such as basic controls on anti-money laundering and terrorist financing, technology risk management and consumer protection.

As for cryptocurrency ATMs, the central bank revealed on June 13 that it had not authorized any individual or entity to install them in any location in the Philippines or manage online platforms for them and other crypto transactions. The notice reiterates that crypto ATM operators must register with the central bank as VC exchanges under the aforementioned circular. In addition, the BSP noted that a separate approval may be required from the Securities and Exchange Commission for the issuance of initial coin offerings and operation of crypto trading platforms.

48 Cryptocurrency Exchanges Now Approved in the Philippines

37 Others Licensed by CEZA

Besides the companies registered by the BSP, many others have been licensed by the Cagayan Economic Zone Authority (CEZA) to operate crypto exchanges. CEZA is a government-owned and controlled corporation tasked to manage and supervise the development of the Cagayan Special Economic Zone and Freeport, the 54,119-hectare area located at the northeastern tip of the country.

“As a freeport, it operates as a separate customs territory similar to Hong Kong, Singapore, Labuan in Malaysia and Hamburg in Germany,” CEZA described, adding that it has been offering foreign companies incentives and advantages to registering their businesses there. “These developments are all deemed toward attracting legitimate and productive local and foreign investments and, thus, creating employment opportunities in and around the freeport,” its website details. CEZA Administrator and CEO Raul L. Lambino explained:

We are making CEZA a sandbox for the development of these disruptive technologies, serving as a laboratory for interested parties to experiment on these new dimensions of business enterprise.

On June 17, CEZA revealed that 37 companies are currently licensed under its “Financial Technology Solutions and Offshore Virtual Currency Exchange (OVCE) Business Rules and Regulations of 2018.” There are two types of licenses. Twenty-four companies have been granted the OVCE Principal license and 13 companies the OVCE Regular license. The former allows licensees to conduct offshore fintech business and crypto exchange activities; the latter allows licensees to conduct only offshore crypto exchange activities.

48 Cryptocurrency Exchanges Now Approved in the Philippines
List of OVCE licensees provided by CEZA on June 17.

The 24 Principal licensees are Golden Millenial Quickpay, Ultra Precise Investment, Liannet Technology, Rare Earth Asia Technologies, Formosa Financial Holdings, Tanzer Holdings, Asia Premier International, Orient Express Global, White Ranch, Dragon Empire Developments, Galaxy Plus Developments, Tiger Wheel, Ipe Global, Cr8tiv Solutions Management, Sino-Phil Economic Zone Agency Development and Management, Digifin Technologies, Hong Kong Yuen Shing Hong, First Bullion Holdings, Okcoin Philippines Technology, 6x Tech, Increz Korea, Harseq, Fafa Internet Blockchain (China), and Wangwang Quickpay Foundation.

The 13 Regular licensees are Cezex Trading, Unicorn Venture Investment, Eplata Pacific, A&C Fintech, Zipmex, Bird Mouse, Ecoflow, Adax Tech, Monetium, Bitpoint Apec Investment, Hxl (HK) Technology, Noah Ark Technologies, and Wtia.

48 Cryptocurrency Exchanges Now Approved in the Philippines

Some companies have falsely claimed to have been licensed such as Freedom Traders Club, Ploutos Innovation, Ploutos Coin, Hedger Technology, Hedger Mining, Idragon Science Development, Teo Consulting Group, ECP, and Grace Exchange, CEZA warned. The authority additionally clarified:

No Filipino company, Filipino, or Philippine resident is allowed to apply for a CEZA OVCE license, and if so licensed, such licensee is not allowed to sell securities to Filipinos or to exchange tokens into fiat currency, unless they are registered with the SEC or the Bangko Sentral ng Pilipinas (BSP), respectively.

Philippines Building Crypto Valley of Asia

In collaboration with property developer Northern Star Gaming and Resorts, CEZA is building Crypto Valley of Asia for companies operating in the Cagayan Special Economic Zone and Freeport.

48 Cryptocurrency Exchanges Now Approved in the Philippines

The first phase of the project consists of a 25-shop housing development inside the cyberpark with services and amenities such as co-working and living spaces, business incubation and acceleration hubs as well as back offices of crypto exchanges and service providers, CEZA outlined, adding:

Soon to also rise in crypto valley are a world-class internet data center, crypto-mining firms, self-contained power production facilities, and a state-of-the-art cyber security and risk assessment facility.

BSP’s Regulatory Approach to Cryptocurrency

“The BSP recognizes that VC systems can revolutionize financial services delivery, particularly for payments and remittances,” Governor Nestor A. Espenilla Jr. acknowledged at the annual convention of the Association of Philippine Correspondent Bank Officers in June last year.

48 Cryptocurrency Exchanges Now Approved in the Philippines
BSP Governor Nestor A. Espenilla Jr.

Explaining the central bank’s views and regulatory approach to cryptocurrency, the governor stated that “Cryptocurrencies are a medium of exchange. The Bangko Sentral ng Pilipinas recognizes this,” noting:

We have adopted a regulatory approach to privately-issued cryptocurrency that is balanced, open and flexible… This is to allow the market to promote financial innovation and for the industry to take advantage of all its benefits and efficiencies – with prudence.

He further remarked, “Cryptocurrencies, like fiat currencies, are neither good nor bad. They are neutral … The BSP allows the market to develop but it has also issued responsive regulations to uphold consumer protection and to maintain financial stability.”

What do you think of the Philippines’ approach to regulating cryptocurrency? Let us know in the comments section below.


Images courtesy of Shutterstock, the BSP, and CEZA.


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Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.





Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019

The second quarter of 2019 is coming to an end and the Bitcoin Cash (BCH) network and markets have had an extraordinary year so far. BCH prices touched a high of $522 per coin on Sunday and at the current price of $470 per coin on June 24 BCH is up by a whopping 213%. Moreover, the network and infrastructure have grown stronger since the November 2018 split and the Bitcoin Cash network looks poised to jump to the next level.

Also read: BCH Development Fund Doubles Its Goal After a Successful Month

Bitcoin Cash Markets Jump Over 200% Since January 1

Over the last six months, Bitcoin Cash proponents have been relentlessly pushing for global adoption and mass acceptance while BCH developers have been strengthening infrastructure. At press time the BCH market has gained more than 213% this year and things don’t seem to be letting up any time soon. At $470 per coin, BCH has an overall market valuation of around $8.4 billion and $2 billion in global trade volumes. This is a massive increase from 2018’s bear market blues that dipped much further after the November 2018 BCH chain split.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Historical prices for bitcoin cash (BCH) on the first of the year.

Today the top exchanges swapping the most BCH include trading platforms like Hitbtc, Binance, Digifinex, Bitstamp, Coinbase, and Bitforex. BCH is heavily traded with tether (USDT) which captures 46% of the trading pairs against bitcoin cash on June 24. USDT has been a dominant pair against BCH all year long which isn’t much different than the rest of the cryptoconomy. Other pairs that have seen strong increases this year against BCH includes BTC, USD, KRW, ETH, JPY, and EUR.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Bitcoin cash (BCH) markets have increased by 213% since January 1.

BCH Onchain Transactions per Day Are Steadily Climbing

The Bitcoin Cash network has seen transactions per day (tpd) pick up significantly, from 8,392 on January 1 to 66,000 tpd. That’s an overall increase of onchain transactions of more than 686% and if we look to the average (25,000 tpd) then there’s an increase of 197%.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Transactions per day (tpd) have increased significantly on the BCH chain.

It’s difficult to differentiate the on-off ratio stemming from the many cryptocurrencies traded on exchanges but a few different data sites put bitcoin cash ahead of the pack when it comes to usage. Today bitcoin cash is the third highest onchain transaction volume behind BTC and ETH. Bitcoin Cash network data from Coindesk’s crypto-economic explorer shows that direct network contributions like usage metrics such as onchain transactions are significant on the BCH network compared to other chains.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
BCH captures the third largest amount of tpd below BTC and ETH.

UTXO Set Size and Hashrate Growth

In contrast to onchain transactions picking up, the BCH network’s Unspent Transaction Outputs (UTXO) set is growing as well. Some people believe that there’s a link between the UTXO set and the growing BCH market valuation. It could be said that the UTXO set growth follows adoption and currently the UTXO set size has spiked considerably since September 2018. In addition to this, the BCH hashrate has been climbing as well and has jumped 66.6% since the first of the year.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
The Bitcoin Cash network UTXO set has grown to levels not seen since 2017.

The overall hashrate had seen a decline after the November 2018 blockchain split but over the last six months, BCH miners have increased processing power from 1.3-1.5 exahash per second (EH/s) to this month’s 2.3-2.6 EH/s. Currently, there are 12 known BCH mining pools with various hashrate. Unknown miners captured 19% of the global BCH hashrate over the last seven days. Hashrate distribution by pool has increased significantly since January 1, the top BCH pools including Btc.com, Btc.top, Viabtc, Poolin, Antpool, and Bitcoin.com.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Bitcoin Cash hashrate has grown significantly over the last six months.

Month After Month of Steady Bitcoin Cash Development

Development has been remarkable as well following the upgrade in November 2018 after the chain added canonical transaction ordering (CTOR), push-only for scriptsig, and the addition of the opcode OP_Checkdatasig. Throughout the course of 2019, BCH programmers prepared the network for another upgrade which took place on May 15. As of block 582680, the BCH chain implemented two new features successfully by adding Schnorr signatures and the Segwit recovery exemption. BCH developers aim to establish bitcoin cash as “sound money that is usable by everyone in the world.” Bitcoincash.org explains the BCH protocol roadmap which emphasizes that the future technical improvements can be divided into three categories:

  1. Enable Bitcoin Cash to scale from ~100 Tx/s to over 5,000,000 Tx/s. Protocol improvements must be made so that mass-parallelization can enable this level of transaction processing.
  2. Improving the payment experience to ensure that it is instant and reliable. Transactions should be secure within three seconds.
  3. Make Bitcoin Cash extensible. An extensible protocol makes future improvements less disruptive and provides a solid base for businesses and developers to build on.
Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
The Bitcoin Cash (BCH) network roadmap.

Developers have already been discussing a drafted proposal of specifications for the next upgrade. A few feature items proposed include enabling Schnorr signatures for OP_Checkmultisig (VERIFY), enforce minimal pushdata, enforce NULLDUMMY, and changing the rule limiting signature operations in script. In addition to all the development, a bunch of businesses and individuals have initiated a Bitcoin Cash Development Fund to support open source programming. The development fund’s goal is to raise 1600 BCH by August 1 and so far the fundraiser has been very successful.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Possible features for the next BCH upgrade under discussion.

Beyond core protocol development, there’s been a lot of infrastructure extension applications and platforms growing the BCH network’s ecosystem as well. A big improvement seen over the last six months was the official release of Cashshuffle added by default to the popular Electron Cash wallet. BCH users have shuffled millions of dollars worth of BCH since March 27 by participating in 13,744 shuffles to-date. Approximately 74,357 BCH has been shuffled so far which is $34.9 million worth of BCH at current market prices.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Cashshuffle participants have shuffled $34.9 million worth of BCH or 74,357 BCH since March.

Another protocol that’s received a lot of attention in 2019 is the Simple Ledger Protocol (SLP) which has allowed people to create various tokens on top of the BCH chain. SLP tokens are now being sold on exchanges, there’s a stablecoin now, and the sovereign micro-nation Liberland uses SLP tokens as well. All types of tokens have been created this year and there are multiple wallets that hold them alongside an SLP transaction explorer as well.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019
Thanks to the Simple Ledger Protocol, hundreds of tokens have been created on the BCH chain, some of which have been listed on exchanges and one business has created a BCH stablecoin called Honestcoin.

In addition to this, 2019 has seen BCH participants using apps like Badger Wallet, Ifwallet, Cresent Cash, Lazyfox, Cinema.cash, and the BCHD Neutrino wallet. There’s much more too with projects like Eatbch, Cash Accounts, Chaintip, Gitcash, cashaddress.org and many other BCH-based concepts in the works. Moreover, the BCH community’s social media applications Memo.cash and Honestcash continue to see improvements and people are using these platforms regularly.

Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019

The price increase has been nice but it’s been a small metric compared to the network, development, mining, and daily users over the last six months. Moreover, because of this progress, many BCH supporters believe that the price of bitcoin cash is significantly undervalued at the moment. The first two quarters of 2019 have been great and the BCH community continues to move forward by bringing peer-to-peer electronic cash to the world with their passion and innovation.

What do you think about the price of Bitcoin Cash and the network performance over the last two quarters? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Charts.Bitcoin.com, Satoshi Pulse, Coin Dance, and Bitinfocharts.com.


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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

How to Find a Bitcoin Cash Meetup Near You

How to Find a Bitcoin Cash Meetup Near You

Cryptocurrency community meetups are a great way to learn about merchant adoption in your local area, talk to like-minded people and just have some fun. Here’s how you can easily find a Bitcoin Cash (BCH) meetup near you.

Also Read: Chess.com Lets You Pay for Membership With Bitcoin Cash

Local Bitcoin Cash Meetups Available All Over the World

On Bitcoin.com’s Events section you’ll find many local bitcoin cash (BCH) meetups available all over the world. You can use the map tool to zoom in on your area to see what meetups are available nearby or just search the directory listing them by continents, countries, cities and so on. Groups are listed in Australia, Asia, Europe, Africa and the Americas, from Tokyo to Kenya and Silicon Valley.

How to Find a Bitcoin Cash Meetup Near You
Global BCH meetups map

If you can’t find an event or a group already established in your specific area, you can create a new bitcoin cash meetup yourself. If required, on the Events page you have the option to contact the Bitcoin.com team for support in setting up your new group and getting more people to join meetings based on their experience.

An additional way to find bitcoin cash meetups or to see how successful ones are organized is to follow @BCHMeetups on Twitter. This profile routinely publishes posts on BCH gatherings happening in many different countries, information on where people can find meetups in their area, as well as pictures and stories from events that have already taken place.

Alternatively, if all you want is to do is find someone nearby to exchange cryptocurrency for fiat with, try using Local.Bitcoin.com. The recently launched global marketplace for peer to peer bitcoin cash trading is focused on privacy and anonymity.

Have you ever taken part in a cryptocurrency meetup? Share your experience in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

Avi Mizrahi

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.