CryptoBitca

​​Bitcoin Trending On Google Next To Call of Duty, Kanye West, and Rudy Giuliani

Yesterday, a powerful move in Bitcoin markets has everyone talking, causing a surge in interest in the cryptocurrency. Bitcoin is even trending on Google alongside some massively popular terms such as Call of Duty and Kanye West.

With Bitcoin trending on Google next to some popular search terms, and after one of the largest one-day gains in the young financial asset’s history, could crypto finally be ready to recapture the interest of the mainstream public?

Bitcoin Trending on Google Once Again, Is Crypto Back?

Bitcoin is once again the talk of the town, after yesterday’s fireworks display. The leading crypto by market cap shocked the world with a short squeeze of epic proportions, taking Bitcoin price from $7,400 to $10,500, before falling back down to $9,000 where it is currently trading.

The increased volatility and surge in Bitcoin price not only the subject of water cooler talk today, but it’s also trending on Google search alongside Call of Duty, Kanye West, and Rudy Giuliani.


Bitcoin Trending On Google Next To Call of Duty, Kanye West, and Rudy Giuliani

www.newsbtc.com
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Yesterday, a powerful move in Bitcoin markets has everyone talking, causing a surge in interest in the cryptocurrency. Bitcoin is even trending on Google alongside some massively popular terms such as Call of Duty and Kanye West.

With Bitcoin trending on Google next to some popular search terms, and after one of the largest one-day gains in the young financial asset’s history, could crypto finally be ready to recapture the interest of the mainstream public?

Bitcoin Trending on Google Once Again, Is Crypto Back?
Bitcoin is once again the talk of the town, after yesterday’s fireworks display. The leading crypto by market cap shocked the world with a short squeeze of epic proportions, taking Bitcoin price from $7,400 to $10,500, before falling back down to $9,000 where it is currently trading.

The increased volatility and surge in Bitcoin price not only the subject of water cooler talk today, but it’s also trending on Google search alongside Call of Duty, Kanye West, and Rudy Giuliani.

bitcoin google rudy giuliani kanye west call of duty

To put this into perspective, Call of Duty is among the most popular video games franchises in history, selling well over 250 million copies worldwide and is an everyday household name.

Kanye West, one of the hip hop industry’s most influential artists, has sold over 21 million albums and over 100 million digital downloads over the course of his iconic career. The eccentric and outspoken musician is also always in the public eye, whether due to his own actions or due to his ongoing relationship with social media mogul Kim Kardashian. Kanye is currently trending due to the release of his latest album, Jesus is King – a far departure from the music the rapper has produced in the past.

Between the two “brands” hundreds of millions of units have been sold and is a reminder of just how scarce Bitcoin is at only 21 million BTC to ever exist.

The crypto asset is also trending as strongly as hot button issues such as the recent drama surrounding the Trump administration and Rudy Giuliani, who supposedly butt-dialed a reporter and was overheard discussing a need for cash, among other things.

The last time Bitcoin price topped Google search engines the crypto market was in a bubble, and FOMO drove Bitcoin to its all-time high at $20,000. Could the recent spike in Bitcoin price – followed by a surge of Google search interest – a sign that Bitcoin is ready to take the mainstream by storm once again? Only time will tell, but there’s no denying that Bitcoin suddenly setting a record for the biggest one day gain in years and then topping a list of trending Google searches is remarkable.

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​​Corporations and businesses have appreciated the prospects of blockchain technology in its application in the IoT sector and are actively conducting research in the domain of security and privacy issues that users are so concerned about. One of the most enthusiastic and promising projects in this domain is the Credits blockchain platform, which has recently developed a product based on the company’s blockchain infrastructure, the IBM cloud system, and IBM Watson.

Providing a proper level of security is one of the most difficult tasks for companies seeking to get involved in the IoT sector. But the combination of IoT and blockchain has emerged as an effective solution to the issue alongside the integration of a host of accompanying technologies aimed at facilitating the process of integration and increasing processing speeds.

The IBM Watson infrastructure, IBM cloud system and the Credits blockchain platform have merged as a potential solution. The prototype of the system has proven that it boasts the necessary processing speeds and the storage capacities needed to handle the immense amount of transactions involved in IoT.

«I see a lot of potential in implementing projects based on the Credits platform. A project with IBM, a leader in software, cloud technologies, and services, is a rethinking of how modern business practices work. The solution complements IoT and makes it more flawless. As a result, we get maximum value to enterprise clients, leveraging the strengths of all partners to solve complex business issues», - said Jennifer Trelewicz, former IBM Director & present CBO at Credits.

The industries that can benefit from a merger of IoT and blockchain touch on every aspect of our lives, as the requirement for data security and verification is only growing. The combination of blockchain and IoT technologies, such as the one involved in the solution offered by Credits and IBM, can help solve the problems faced by current healthcare and supply chain companies. It will take time, of course, but the arrival of a universal and wholesome solution that can spread to other industries is an inevitable development that the blockchain is headed for.

Read more - https://www.newsbtc.com/2019/10/24/ibm-and-credits-to-make-iot-data-secure/

​​Regulators Join Forces to Tackle Global Crypto Challenges

Could global regulators finally be deciding to work together – and are they stepping up their game to respond to the rapidly increasing pace of global fintech progress?

Some of America’s most powerful financial regulators – including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) – have announced they will join the Global Financial Innovation Network (GFIN).

The GFIN is the brainchild of Britain’s regulatory Financial Conduct Authority, the body that polices cryptocurrency- and blockchain-related business in the country. The GFIN also comprises regulators such as the Monetary Authority of Singapore and the Hong Kong Monetary Authority, as well as business groups like the UAE’s Abu Dhabi Global Market.

Fellow American regulators the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) also announced they were joining the GFIN, per a joint press release shared by the SEC.

The GFIN was launched in summer last year, and has spoken of creating a “global sandbox” testbed for companies to “trial cross-border financial solutions.”

The move comes just over a week after a G7 taskforce instructed member states to revamp the conventional financial system to respond to threats from alternative financing tools, including cryptocurrencies and global stablecoins.

The G7 made particular mention of the inefficient and costly nature of cross-border transactions within the existing system.

It's not the first time national authorities join forces in order to address challenges brought by new technologies. In July 2018, international coalition against tax criminals, J5, that also targets crypto-related crimes, was formed as a response to a request to reduce tax crime, made by the Organization for Economic Co-operation and Development.

Meanwhile, the CFTC’s Chairman Heath Tarbert says that the regulator’s fintech research facility, LabCFTC, will become an independent operating office.

LabCFTC will continue to report directly to the chairman, and will conduct research into cryptocurrency and blockchain technology.

Tarbert stated, in an official release,

“Blockchain, digital assets and other developments hold great promise for our economy. Now is the time for LabCFTC to play an even greater role as we work to develop and write the rules for these transformative new products. That reality requires engagement at the highest levels within the CFTC, which is why I am elevating LabCFTC to be an independent operating office of the agency.”

The CFTC says LabCFTC is its “beachhead in the emerging world of fintech,” and claims that it will help “bring regulators and innovators together.”

​​Kakao Welcomes Binance to Klaytn Council in ‘Scene-shaking’ Move

Major cryptocurrency exchange Binance has joined South Korean chat app giant Kakao’s Klaytn blockchain project as the newest member of its governance council.

Per a press release, Binance has become the council’s 25th partner, and will also take part in consensus node operation.

Blockchain business consultant Lee Jong-cheol told Cryptonews.com,

“This is a major coup for Kakao, and potentially Binance, too. Should Binance decide somewhere down the line that it wants to list the Klaytn network’s Klay token, it could really shake up the cryptocurrency scene in the whole East Asia region.”

Kakao has previously announced plans to list the token on Upbit’s Singaporean and Indonesian exchange branches, but a potential Binance listing would be “a game-changer,” says Lee.

The Klaytn network was launched in June this year by Kakao’s Ground X subsidiary, with council members including Unionbank of the Philippines and a host of domestic companies.

Kakao said the partnership would help the parties promote “mass blockchain adoption globally.”

Binance’s own comments in the announcement were eye-opening, too. The company made specific mention of LG, one of the biggest-name Klaytn partners on the council.

Wei Zhou, the Binance CFO, stated,

“We are excited to join the Klaytn Governance Council and to work with other key partners like LG Electronics and Kakao, who are the most innovative companies in Asia, to foster the growth of the global blockchain ecosystem in this joint and open effort.”

Readers may recall that LG is actively looking into blockchain phone technology, has registered a patent for a smartphone cryptocurrency wallet and has a business arm working with a major South Korean bank on a digital token project.

Kakao has already won the support of many of South Korea’s biggest tech companies.

Ground X recently unveiled a Klaytn-branded Samsung smartphone, and Samsung’s own smartphone wallet service has been made Klay-compatible. Hyundai’s blockchain arm, Hdac, has also begun cooperating with Ground X on Klaytn.

​​Only 3 Million Bitcoins Left Unmined (And 120 Years to Get Them

The Cryptoverse has been holding breath this week waiting for the 18 millionth bitcoin (BTC) to be mined today, while the #3MillionLeft hashtag is spreading on the Crypto Twitter as a reminder of bitcoin's scarcity. However, this hashtag misses an important point - time. (Updated at 16:52 UTC: numbers in the fifth paragraph have been corrected - it will take 120 years to mine almost BTC 2.625 million.)

The Bitcoin block mining reward halves every 210,000 blocks, and the Cryptoverse is expecting to see the next one in 2020. Then, we’ll be entering Reward Era 4 of expected 34 in total. There are less bitcoin to be mined with each era, just half of the previous one, while the percentage of the new BTC supply increases less and less as the time goes on. The coin’s inventor, Satoshi Nakamoto, wanted to utilize this method to protect BTC from a disease of a fiat currency – inflation. All this, unsurprisingly, takes a long time to happen.

Since the most recent Bitcoin mining reward halving in July 2016, or in a bit more than 3 years, BTC 2.25 million were mined. Now, starting today, it will take around 8 years to issue the same amount of new BTC. Meanwhile, when compering complete Bitcoin mining reward eras, things are looking even more interesting.

At the moment, we're in the third Reward era, which is estimated to end in May 2020 by reducing the current mining reward of BTC 12.5 by half.

BTC 2.625 million are estimated to be mined in total during the third era. Now, wait for it, it will take 120 years to mine the same amount of BTC. The threshold of 2 million should be reached in more than 8 years and then it will take approximately 112 years to mine the rest. Then, in 2140, all 21 million bitcoins will be mined.

However, one can also estimate that some of these new coins are going to be lost, as, according to various analysis, anywhere between 2.8 million and 3.8 million BTC have already been lost.

So yes, BTC 3 million left unmined, as well as 120 years to get them all.

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