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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://bitcoinadstrain.com/2018/10/09/what-is-coin-selection-and-why-does-it-matter/",
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      "author": "ktitrading",
      "body": "![Untitled design (2).png](https://cdn.steemitimages.com/DQmeWkV31xgAi7bDvBvqzkQ1s33XED3prXyVaByLSqg9Bg2/Untitled%20design%20(2).png)\n\nCoin selection is the process that describes how the algorithms are driving Bitcoin to choose which of your Bitcoins to spend when you approve a spending transaction.\n\nIf you have 1.2 BTC in your wallet and you pay out 0.3, you have 0.9 BTC left, right? Well, yes.\n\nThat 1.2 BTC in your digital wallet is no different.\n\nThe difference with BTC is that when you approve a BTC spend, you also have to pay the transaction fees.\n\nSo the process of choosing which specific Bitcoins are handed over in the spend is more of a costly one.\n\nCoin Selection in Action \n\nLet's go back to your hypothetical wallet with 1.2 BTC in it.\n\nKnowing it is unlikely that you actually have one whole BTC and 0.2 BTC, let's assume you have the following: 0.5 BTC 0.4 BTC 0.2 BTC 0.1 BTC Now, when spending 0.3 BTC, you would hope the algorithm would combine the 0.2 and 0.1 BTC to reach the spend value.\n\nIt makes good sense, and given how Bitcoin calculates fees, there are lower costs in doing it this way.\n\nThis is only since the Bitcoin developer team updated the algorithm earlier this year, to ensure more streamlined coin selection.\n\nContinuing with the above scenario, when you approved the 0.3 BTC spend, the older version of the algorithm would almost always create a change output.\n\nThis means it would invariably have taken the 0.4 or 0.5 BTC, and return the change of 0.1 or 0.2 BTC to your wallet, less the fees.\n\nWhile the algorithm update is good news for the future, the fact is that there are years of Bitcoin transactions that happened before this update.\n\nThe difference is that you cannot take your Bitcoin wallet into the bank and ask them to change all of those Satoshis back into Bitcoins for you.\n\nHow Does This Happen?\n\nBitcoin runs on a concept called UTXO, or unspent transaction output.\n\nEach time a spend transaction is authorized, the Bitcoin algorithm ensures that the wallet contains at least the value of the spend plus fees before the PoW consensus protocol approves the transaction.\n\nBitcoin opted for the UTXO mechanism because it keeps the proof of work algorithm simple.\n\nThe upshot is that yes, Bitcoin has now updated the algorithm.\n\nThe situation remains that there are many, many tiny pieces of Bitcoin now circulating.\n\nLast year, one Bitcoin developer attempted a complex calculation to work out the possible value of these tiny pieces.\n\nEventually, fees for moving the trinkets out of the vault could end up being more than the value of the trinkets themselves.\n\nA Possible Solution? \n\nIt was blockchain developer Mark Erhardt who first proposed how to optimize the Bitcoin coin selection algorithm.\n\nThere, he has developed Predictive UTXO, which helps to offset the fees involved in spending many small UXTO values.\nBitcoin transaction fees are lower when there is less traffic on the network, and much higher when traffic is high.\n\nThis is why many people were complaining about high fees during December 2017 when Bitcoin's value spiked at nearly $20k. Predictive UTXO uses an algorithm to bundle together the tiniest fragments of BTC in transactions when fees are lower.\n\nWhen fees go up, it will minimize transaction sizes to offset the increase.\n\nIf Predictive UTXO could be rolled out across other exchanges and wallets, it will provide some cushioning against the fees involved in spending the tiny BTC fragments that now exist in many of our wallets.\n\nIf you are interested in knowing more about coin selection in general, here is an excellent presentation explaining coin selection and UTXO in detail. \nWarning: it is a long one! \n\nhttps://youtu.be/IKSSWUBqMCM\n\nFees Matter \n\nSome people may consider that fees are so small so as not to matter.\n\nWhile fees can end up being pennies on the dollar, savvy investors know that compound interest matters.\n\nIf we can reduce fees and reinvest the difference, they are potentially worth far more in years to come.\n\nPounds refers to sterling, but the principle also stands for dollars - and your Bitcoins.\n\nArticle by S.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://bitcoinadstrain.com/2018/10/09/what-is-coin-selection-and-why-does-it-matter/",
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      "body": "![Untitled design (1).png](https://cdn.steemitimages.com/DQmaVDriU5bojfY6ck8PrpNgxhRdrANycrosz8nMyfqa9mm/Untitled%20design%20(1).png)\n\nCoin selection is the process that describes how the algorithms are driving Bitcoin to choose which of your Bitcoins to spend when you approve a spending transaction.\n\nIf you have 1.2 BTC in your wallet and you pay out 0.3, you have 0.9 BTC left, right? Well, yes.\n\nThat 1.2 BTC in your digital wallet is no different.\n\nThe difference with BTC is that when you approve a BTC spend, you also have to pay the transaction fees.\n\nSo the process of choosing which specific Bitcoins are handed over in the spend is more of a costly one.\n\nCoin Selection in Action \n\nLet's go back to your hypothetical wallet with 1.2 BTC in it.\n\nKnowing it is unlikely that you actually have one whole BTC and 0.2 BTC, let's assume you have the following: 0.5 BTC 0.4 BTC 0.2 BTC 0.1 BTC Now, when spending 0.3 BTC, you would hope the algorithm would combine the 0.2 and 0.1 BTC to reach the spend value.\n\nIt makes good sense, and given how Bitcoin calculates fees, there are lower costs in doing it this way.\n\nThis is only since the Bitcoin developer team updated the algorithm earlier this year, to ensure more streamlined coin selection.\n\nContinuing with the above scenario, when you approved the 0.3 BTC spend, the older version of the algorithm would almost always create a change output.\n\nThis means it would invariably have taken the 0.4 or 0.5 BTC, and return the change of 0.1 or 0.2 BTC to your wallet, less the fees.\n\nWhile the algorithm update is good news for the future, the fact is that there are years of Bitcoin transactions that happened before this update.\n\nThe difference is that you cannot take your Bitcoin wallet into the bank and ask them to change all of those Satoshis back into Bitcoins for you.\n\nHow Does This Happen? \n\nBitcoin runs on a concept called UTXO, or unspent transaction output.\n\nEach time a spend transaction is authorized, the Bitcoin algorithm ensures that the wallet contains at least the value of the spend plus fees before the PoW consensus protocol approves the transaction.\n\nBitcoin opted for the UTXO mechanism because it keeps the proof of work algorithm simple.\n\nThe upshot is that yes, Bitcoin has now updated the algorithm.\n\nThe situation remains that there are many, many tiny pieces of Bitcoin now circulating.\n\nLast year, one Bitcoin developer attempted a complex calculation to work out the possible value of these tiny pieces.\n\nEventually, fees for moving the trinkets out of the vault could end up being more than the value of the trinkets themselves.\n\nA Possible Solution? \n\nIt was blockchain developer Mark Erhardt who first proposed how to optimize the Bitcoin coin selection algorithm.\n\nThere, he has developed Predictive UTXO, which helps to offset the fees involved in spending many small UXTO values.\nBitcoin transaction fees are lower when there is less traffic on the network, and much higher when traffic is high.\n\nThis is why many people were complaining about high fees during December 2017 when Bitcoin's value spiked at nearly $20k. Predictive UTXO uses an algorithm to bundle together the tiniest fragments of BTC in transactions when fees are lower.\n\nWhen fees go up, it will minimize transaction sizes to offset the increase.\n\nIf Predictive UTXO could be rolled out across other exchanges and wallets, it will provide some cushioning against the fees involved in spending the tiny BTC fragments that now exist in many of our wallets.\n\nIf you are interested in knowing more about coin selection in general, here is an excellent presentation explaining coin selection and UTXO in detail. \nWarning: it is a long one! \n\nhttps://youtu.be/IKSSWUBqMCM\n\nFees Matter \n\nSome people may consider that fees are so small so as not to matter.\n\nWhile fees can end up being pennies on the dollar, savvy investors know that compound interest matters.\n\nIf we can reduce fees and reinvest the difference, they are potentially worth far more in years to come.\n\nPounds refers to sterling, but the principle also stands for dollars - and your Bitcoins.\n\nArticle made by S.",
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      "title": "What Is Coin Selection and Why Does It Matter?"
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://cryptocurrencysyn.com/news/bitcoin-regulation/uae-securities-regulator-to-introduce-icos-for-capital-markets-in-2019/",
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      "author": "ktitrading",
      "body": "![Untitled design.png](https://cdn.steemitimages.com/DQmYpP1S3zY9bE91rbPf2k2FF3EkpdSDMHhPgDBWD3RDUxz/Untitled%20design.png)\n\nThe United Arab Emirates's national securities regulator plans to introduce Initial Coin Offerings for capital markets in 2019, Reuters reported Oct. 8.\n\nReuters notes that the regulator has embraced the innovative fundraising model to diversify the means through which companies can raise capital, noting that in recent years, \"Weak\" equity markets, coupled with low oil prices, have been adversely impacting Initial Public Offerings in the country and broader region.\n\nReuters quotes the CEO of the country's national securities watchdog, Obaid Saif al-Zaabi, as saying that: \"The board of the Emirates Securities & Commodities Authority [ESCA] has approved considering ICOs as securities. As per our plan, we should have regulations on the ground in the first half of 2019.\" Al-Zaabi added that the ESCA is currently drafting regulations for ICOs with international advisers, collaborating with the Abu Dhabi and Dubai stock markets to develop ICO trading platforms.\n\nAl-Zaabi also noted that the Ministry of Economy had proposed new regulations for IPOs that are currently under review by the Prime Minister.\n\nHe mentioned a separate initiative requiring that 20 percent of those appointed to the boards of listed companies are women.\n\nAs previously reported, the ESCA announcement appears to corroborate government sources that indicated earlier this month regulatory proposals for ICOs would be formally entered into law upon imminent publication in the UAE's Official Gazette, an official periodical containing all the country's legislation.\n\nAt the time, the reports stated that lawmakers were also planning the launch of a regulatory sandbox aimed at attracting greater fintech activity.",
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      "author": "ktitrading",
      "body": "@@ -581,16 +581,180 @@\n  over %0A%0A\n+!%5B%5D(https://cdn.steemitimages.com/DQmUNbKXx4Myf6Gr2j8ANXjHmkDqWZECAfi5CxcNXMTgzxK/image.png)%0A%0AWe should not forget bearish flags stacking up already 2 times now. %0A%0A\n %E2%96%BAHomepag\n",
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      "permlink": "bitcoin-daily-and-coinmarketcap-17-09",
      "title": "Bitcoin Daily and altcoinmarket update 17.09"
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      "body": "![](https://cdn.steemitimages.com/DQmWY9m7AmUJxrFvdnNM7QCrNV6V4KMQnBGDLbWmmQQWZVk/image.png)\nBTC update\nSeems we have a ascending triangle forming which usally shows positive movement.  Price is moving sideways and the cloud is supporting bitcoin for now. WIll keep you updated.  Bulls buying up every short that has been made so far.\n\n![](https://cdn.steemitimages.com/DQmXmuNzJeL5xcRr8pDviP46FNc48bukZ7YBqqmM8pauBoz/image.png)\n\nSupport found on the  200 billion\n\n![](https://cdn.steemitimages.com/DQmf7NAgzwToUk95BK4HdKF9UwCkuLhSsNAiNVkaT8eyVqq/image.png)\nAltcoin marketcap look over \n\n►Homepage – www.ktitrading.com\n►FREE Crypto Trading Ideas Telegram – https://t.me/ktitrading\n►Telegram Support – https://t.me/kticustomerservice\n►Facebook Support – https://m.me/ktitrading\nJOIN NOW – https://t.me/ktitradingbot",
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{
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      "author": "ktitrading",
      "body": "@@ -460,9 +460,131 @@\n lion\n-%C2%A8\n+%0A%0A!%5B%5D(https://cdn.steemitimages.com/DQmf7NAgzwToUk95BK4HdKF9UwCkuLhSsNAiNVkaT8eyVqq/image.png)%0AAltcoin marketcap look over \n %0A%0A%E2%96%BAH\n",
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      "author": "ktitrading",
      "body": "![](https://cdn.steemitimages.com/DQmWY9m7AmUJxrFvdnNM7QCrNV6V4KMQnBGDLbWmmQQWZVk/image.png)\nBTC update\nSeems we have a ascending triangle forming which usally shows positive movement.  Price is moving sideways and the cloud is supporting bitcoin for now. WIll keep you updated.  Bulls buying up every short that has been made so far.\n\n![](https://cdn.steemitimages.com/DQmXmuNzJeL5xcRr8pDviP46FNc48bukZ7YBqqmM8pauBoz/image.png)\n\nSupport found on the  200 billion¨\n\n►Homepage – www.ktitrading.com\n►FREE Crypto Trading Ideas Telegram – https://t.me/ktitrading\n►Telegram Support – https://t.me/kticustomerservice\n►Facebook Support – https://m.me/ktitrading\nJOIN NOW – https://t.me/ktitradingbot",
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      "author": "ktitrading",
      "body": "![](https://cdn.steemitimages.com/DQmWY9m7AmUJxrFvdnNM7QCrNV6V4KMQnBGDLbWmmQQWZVk/image.png)\nBTC update\nSeems we have a ascending triangle forming which usally shows positive movement.  Price is moving sideways and the cloud is supporting bitcoin for now. WIll keep you updated.  Bulls buying up every short that has been made so far.\n\n![](https://cdn.steemitimages.com/DQmXmuNzJeL5xcRr8pDviP46FNc48bukZ7YBqqmM8pauBoz/image.png)\n\nSupport found on the  200 billion¨\n\n►Homepage – www.ktitrading.com\n►FREE Crypto Trading Ideas Telegram – https://t.me/ktitrading\n►Telegram Support – https://t.me/kticustomerservice\n►Facebook Support – https://m.me/ktitrading\nJOIN NOW – https://t.me/ktitradingbot",
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{
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      "author": "ktitrading",
      "body": "![Car Retail Startup to Launch Blockchain Marketplace With Live Vehicle History Data.png](https://cdn.steemitimages.com/DQmXYxqqsSj2ARzUwPnGnpwQ2WoicGZCBHUn6mHVRxZZae5/Car%20Retail%20Startup%20to%20Launch%20Blockchain%20Marketplace%20With%20Live%20Vehicle%20History%20Data.png)\n\nAn automotive company based in London, United Kingdom, has developed a car-sales portal that is powered by blockchain technology.\n\nIt features an exchange and marketplace that provides a detailed history of cars as well as data on trading and insurance risks associated with certain countries and cities.\n\nAccording to the Auto Block white paper, there are more than 6,000 car dealers in the U.K. that are competing over the market share of retail sales.\n\nA Q2 2018 report released by The Society of Motor Manufacturers & Traders shows a decline in purchases of used cars since 2017, and new car purchases are also trending down.\n\nAuto Block believes that this is caused by several issues.\n\nSellers have to cater their long-term strategy to that of the manufacturers and importers.\n\nAuto Block argues that larger companies, such as Autotrader and eBay, are maintaining a monopoly on the market, pushing prices down and smaller car retailers into the corner.\n\nAuto Block hopes to achieve a new market force, where car dealers can access the global cryptocurrency market with minimal effort and cost through a decentralized marketplace - with free listings, free advertising and low transaction costs.\n\nModernizing Motor Sales Auto Block proposes a two-step solution: Firstly, cryptocurrency will be utilized for a point-of-sale system and a tailor-made exchange for car dealers specifically, allowing them to accept any currency - fiat or crypto - with reduced interest rates and versatile cash-out options.\n\nThrough desktop, POS devices or mobile apps that can accept multi-currency payments, Auto Block hopes to create an easy-to-access market for international buyers and introduce opportunities for new and existing retailers to access the growing market.\n\nTo further facilitate this, Auto Block will be launching its own cryptocurrency named AutoCoin, which aims to become the industry-standard crypto.\n\nAccording to the company, using their native crypto comes with a string of benefits for users, from security and fraud prevention, to international payments with \"Immediate settlement,\" among many others.\n\nThe second part of their solution is a new blockchain car-sales platform Autcoincars.com, advertising cars free of charge to crypto users.\n\nAccording to the company, this will be the first dedicated portal for buying and selling new and used cars with crypto, which gives the buyer the choice of thousands of vehicles in one place.\n\nThe marketplace's algorithms are using blockchain to assign attributes to used vehicles and to create a large database of vehicle specifications, such as the age of a car, mileage, major repairs and past insurance claims.\n\nIt also provides metrics on the most profitable or high-risk locations with regard to buying and selling, insurance claims and so on.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://mycrypto.ca/ethereumworldnews/u-s-senate-confirms-new-pro-crypto-sec-commissioner-elad-roisman/",
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      "body": "![U.S Senate Confirms New Pro-Crypto SEC Commissioner (Elad Roisman).png](https://cdn.steemitimages.com/DQmSd1mo47Sz1NjowmvFRDJonjKGQKfhTmCj1q41dK4ZvH4/U.S%20Senate%20Confirms%20New%20Pro-Crypto%20SEC%20Commissioner%20(Elad%20Roisman).png)\n\nThe United States Senate confirmed Elad Roisman as a member of the Securities and Exchange Commission during the session of September 5, 2018.\n\nThis decision completes the five required members to complete all seats within the Commision.\n\nMr. Roisman, 37 years old, was confirmed as commissioner after serving for several years as chief counsel at the U.S. Senate Committee on Banking, Housing, and Urban Affairs.\n\nRoisman, a Republican candidate was nominated to the Senate by White House during the month of June.\n\nSubsequently, on August 23, 2018, the Senate Banking Committee approved the nomination and yesterday, he was confirmed to take the position effectively.\n\nRoisman replaces Michael S. Piwowar, a Republican commissioner who resigned his position within the SEC early this summer to take a job at the Milken Institute as executive director of its center for financial markets.\n\nElad Roisman: A Breath of Fresh Air In The S.E.C? Roisman has several important challenges ahead of him.\n\n2 of the most critical decisions in which he will play an important role are those related to a new set of rules and regulations governing the relationship between stockbrokers and their clients, as well as that of \"Renewing\" the SEC's vision regarding cryptocurrencies and the possibility of approving cryptocurrency ETFs.\n\nElad Roisman has been associated with having a pro-crypto stance.\n\nHis role within the SEC is expected to support Comm Hester Peirce's earlier initiative to open financial markets to the world of cryptocurrencies.\n\nSpeaking at a Senate Banking Committee hearing in July, Mr. Roisman expressed his way of thinking regarding ICO and blockchain technologies.\n\nFor the financial expert, the SEC should \"Approach these new challenges in a fair and transparent manner,\" with a clear need to \"Examine and re-examine its rules, regulations, and guidelines\" in order to adapt to the new standards of a market that has \"Evolved:\" Elad Roisman has been associated with having a pro-crypto stance.\n\nThe configuration of the commission would be: Jay Clayton, Robert Jackson, Jr., Hester Peirce and Elad Roisman.\n\nThe fifth one, Ms. Kara Stein can't serve past December.\n\nAccording to Bloomberg, her successor could be Ms. Allison Herren Lee, her former aide.\n\nWith Mr. Roisman's approval, a Bitcoin ETF is very much possible.\n\nSo far the markets have not had a significant reaction for those who are enthusiastic about the fundamental analysis this news could be of particular importance for future investments.\n\nhttps://youtu.be/r9tD9FxScTs",
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      "title": "U.S Senate Confirms New Pro-Crypto SEC Commissioner (Elad Roisman)"
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      "author": "ktitrading",
      "body": "![Survey_ Half of American Millennials Interested in Using Crypto.png](https://cdn.steemitimages.com/DQmarDACQ9ibhkSrC6WjKTXBe3tK58ufDZDTm57aY5N2Vm2/Survey_%20Half%20of%20American%20Millennials%20Interested%20in%20Using%20Crypto.png)\n\nA recent survey by research service YouGov Omnibus shows that half of American millennials are interested in using cryptocurrency.\n\nThe survey, which collected answers from 1202 respondents from August 29-30, assesses the interest of respondents in using crypto in everyday life: \"Of the people who believe that cryptocurrencies will become widely accepted, over one-third say they would be interested in converting to primarily using a cryptocurrency rather than the U.S. dollar. However, a majority say they would not be interested in converting away from the U.S. dollar. Millennials are almost equally split between being interested and not interested.\" According to the poll, 79 percent of Americans know of at least one cryptocurrency, where Bitcoin appeared to be the most well-known.\n\nThe leading crypto is familiar to 71 percent of respondents.\n\nBTC is followed by the leading altcoin Ethereum, with 13 percent of participants saying they have heard of it.\n\n87 percent of those who have heard about Bitcoin have never interacted with it, while 49 percent of respondents claimed that they were glad they had not purchased the leading crypto earlier and do not plan to.\n\n15 percent wished that they had bought Bitcoin earlier, and believe it is currently too late to buy it.\n\nOf all the participants in the survey, 34 percent do not think that crypto will become widely accepted, while millennials demonstrated the most positive approach to cryptocurrencies, with 44 percent of them predicting wider adoption.\n\nThe authors of the survey state that skepticism toward crypto adoption may be linked to the potential use of crypto for illegal purposes.\n\nIn June, Research company Ipsos on behalf of ING Bank B.V. conducted a study which revealed that interest in crypto is expected to double in the future.\n\nThe survey involved respondents from 15 countries, polling 1,000 in each.\n\nPer the survey, only 9 percent of respondents own crypto, while 25 percent said they will own some in the future.\n\n66 percent of Europeans have heard of cryptocurrency, 35 percent agreed that crypto is the \"Future of spending online,\" while 35 percent said it will increase in value in the following 12 months.",
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      "author": "sinkfish",
      "body": "still they cant catch up with China mining industries.",
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      "parent_author": "ktitrading",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://bitcoinschannel.com/crypto-mining-accepted-as-an-industry-by-iranian-authorities/",
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{
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      "body": "![i love our story. sure it's messy, but it's the story that got us here.1.png](https://cdn.steemitimages.com/DQmdWdi23uF67GwdyWsa9XWcC7dNZF8Y6d8i3GQgBpmd9WU/i%20love%20our%20story.%20sure%20it's%20messy,%20but%20it's%20the%20story%20that%20got%20us%20here.1.png)\n\nIn today's story, I'll give you a quick overview of crypto mining in Iran, where it's now considered to be its own industry.\n\nThe Secretary of Iran's Supreme Cyberspace Council revealed that various ministries of the country's government have accepted crypto mining as an industry, local news agency IBENA reports September 4.\n\nAccording to the report, the Cyberspace Council's secretary Abolhassan Firoozabadi stressed that the mining of cryptocurrencies such as Bitcoin has been approved as an industry by major government authorities.\n\nOfficial legislation forming a legal framework for the industry has yet to be introduced in the country.\n\nFiroozabadi said that crypto mining has been accepted as an industry by Iran's major authorities, including the Ministry of Information and Communications Technology, the Central Bank, the Ministry of Industry, Mine and Trade, the Ministry of Energy, as well as the Ministry of Economic Affairs and Finance.\n\nFiroozabadi stated that the Iranian National Cyberspace Center is developing a platform for cryptocurrency mining regulation.\n\nHe added that the government is also considering the launch of a national cryptocurrency in order to create a financial tool to cooperate with Iranian business partners amid economic pressure from U.S. sanctions.\n\nThe secretary reportedly claimed that the relevant authorities will introduce a regulatory framework for crypto-related startups and firms in late September.\n\nIn late August, Iran's National Cyberspace Center revealed that the draft of the state-backed cryptocurrency project is ready, following instructions from President of Iran Hassan Rouhani.\n\nAt that time, the deputy director in charge of drafting regulations for Iran's Supreme Cyberspace Council claimed that the idea of launching a national cryptocurrency is being actively pursued.\n\nArticle by Silvia",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://btcmanager.com/brisbane-is-the-new-cryptocurrency-capital-of-australia-could-become-the-worlds-top-crypto-destination/",
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      "author": "ktitrading",
      "body": "![to my kathy1.png](https://cdn.steemitimages.com/DQmNRLPy9WRZxbZafv4RB2KJEzEXZNw79mW3ZsceNAn2tLP/to%20my%20kathy1.png)\n\nQueensland, Australia's second largest state, is looking into cryptocurrency to bring tourists to the area.\n\nWith a sizeable grant given to a startup that will enable visitors to pay for every aspect of their travel using digital currencies, Brisbane is on its way to becoming Australia's new crypto capital, Gizmodo reports.\n\nInnovation Leaders A Brisbane-based startup, TravelbyBit, has received two rounds of funding from the state government and, in turn, has transformed its hometown of Brisbane into one of the most crypto-friendly cities in the world.\n\nAccording to a September 3, 2018, report from Gizmodo, Queensland's sizeable grant will enable visitors to pay for every aspect of their travel using digital currencies like Bitcoin.\n\nTravelbyBit is one of the 70 startups to receive the Advance Queensland Ignite Ideas funding.\n\nCaleb Yeoh, CEO, and co-founder of TravelbyBit said that the $100,000 received from the Ignite Ideas project would help the firm to build upon the solid business foundation it has laid in Queensland.\n\nTravelbyBit's digital currency point-of-sale system has already been deployed to over 200 merchants across Australia, with at least 60 per cent of those merchants being located in Queensland.\n\nThis is not the first time the Australian startup brought innovation to Australia.\n\nTravelByBit teamed with Brisbane International Airport to allow travellers to pay digitally using the company's digital payment platform.\n\nAnnounced back in January 2018, the plan was first implemented in May, making Brisbane Airport the first in the world to accept cryptocurrency, enabling travellers to make purchases with digital currencies such as Bitcoin, Litecoin, and Ethereum at more than 30 retail and dining outlets located throughout the international and domestic terminals.\n\nQueensland Is a Crypto Heaven Queensland, Australia's second largest and third-most populous state, is definitely a leader when it comes to crypto adoption.\n\nIn June 2018, a sleepy coastal town in northern Queensland became the nation's, and maybe even the world's first digital currency town.\n\nAgnes Water businesses have already started offering payments by digital currency in a bid to attract a new tech-savvy wave of tourists.\n\nThe Brisbane Convention and Exhibition Centre will also allow its visitors to pay for events using digital currencies.\n\nQueensland's Minister for Innovation and Tourism, Kate Jones, views cryptocurrency as a vital cog that is \"Set to drive more tourists to Queensland\".\n\n\"That's why we've invested to help them scale-up their operation and ultimately create more jobs in Queensland,\" she told Gizmodo.\n\nPrivacy the Main Drive TravelbyBit CEO Caleb Yeoh said that the main reason why more and more people are looking into cryptocurrencies is that they don't share the same security flaws as credit cards.\n\nAs no personal information is handed over to the merchant, the transactions made with digital currencies are safer and more reliable.\n\n\"Privacy with digital currencies is a security feature; I push a fixed amount of money to the business and that merchant has no ability to pull any more money from my account,\" he said.\n\nArticle by Silvia",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointelegraph.com/news/industrial-and-commercial-bank-of-china-to-embrace-blockchain-technology",
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      "body": "![Industrial and Commercial Bank of China To Embrace Blockchain Technology.png](https://cdn.steemitimages.com/DQmRzGTLvcsaHwUiK1eyo83Ue6ExxphQ68gS3MaSjzoo2bz/Industrial%20and%20Commercial%20Bank%20of%20China%20To%20Embrace%20Blockchain%20Technology.png)\n\nThe Chairman of the Industrial and Commercial Bank of China has said that the bank will focus on blockchain technology development, BiaNews reported September 1.\n\nFounded in 1984, the ICBC is reportedly the largest bank in China with over 5,000 corporate and 530 million personal customers.\n\nIn 2017, the bank focused on the construction of \"Intelligent banking\" and \"Accelerated deployment in the field of financial technologies.\" The ICBC Chairman Yi Huiman reportedly said that the financial institution will focus on innovations in cloud computing, big data, artificial intelligence, blockchain, and Internet of Things.\n\nAccording to BiaNews, the bank will work on finding use cases for \"Smart banking,\" which reportedly helps to improve service in the financial ecosystem and secure financial data that is shared with third parties.\n\nWhile China is known for its negative stance towards digital currencies, tightening regulations on crypto since September 2017, the country has embraced the benefits of blockchain, and is actively working to develop and apply the technology in various industries.\n\nLast week, the Beichuan Qiang Autonomous County of Sichuan Province and Beijing Sinfotek Group jointly established a new blockchain company, for \"Forestry economic development and industrial poverty alleviation.\" In the beginning of August, the Communist Party of China released a primer on blockchain technology and its possible applications.\n\nBy introducing the book, the CPC reportedly aims to assist government authorities in understanding the concept of distributed ledger technology and consider the benefits and challenges of adopting blockchain on a national scale.\n\n![](https://cdn.steemitimages.com/DQmNmNGdgdjTN11vPmLZngkcdaqwAfdDsUzWYs2SSixN1ae/image.png)",
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      "author": "steemitboard",
      "body": "Congratulations @ktitrading! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@ktitrading) Award for the number of posts published\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointelegraph.com/news/lifes-code-blockchain-and-the-future-of-genomics",
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      "body": "![Life’s Code_ Blockchain and the Future of Genomics.png](https://cdn.steemitimages.com/DQmNkEwgpmoHz6QgLTZoo5X6yHetjXvFiiU7xdLeGGx9bQ4/Life%E2%80%99s%20Code_%20Blockchain%20and%20the%20Future%20of%20Genomics.png)\n\nIn an era of hotly contested debates surrounding data ownership, privacy and monetization, one particular piece of data could be said to be the most personal of all: the human genome.\n\nFor those concerned to protect this most critical form of identity, blockchain has piqued considerable interest as a powerful alternative to the closed architectures and proprietary exploits of the existing genomics data market — promising in their stead a secure and open protocol for life’s code.\n\nAs genomic data-driven drug design and targeted therapies evolve, pharmaceutical and biotech companies’ interest is expected to catapult the genomics data market in the coming years, with a forecast to hit $27.6 billion by 2025.\n\nGenerating the explosion of big genomic data that is still needed to decode the 4-bits of the living organism faces hurdles that are not only scientific, but ethical, social and technological.\n\nHe has now placed another bleeding-edge technology at the center of the genomics revolution: blockchain.\n\nLast year, Church — alongside Harvard colleagues Dennis Grishin and Kamal Obbad — co-founded the blockchain startup Nebula Genomics.\n\nChurch had been trying for years to accelerate and drive genomic data generation at scale.\n\nHe had appealed to volunteers to contribute to his nonprofit Personal Genome Project (PGP) — a ‘Wikipedia’ of open-access human genomic data that has aggregated around 10,000 samples so far.\n\nBy allowing people to monetize their genomes and sell access directly to data buyers, Nebula thinks its platform could help drive sequencing costs down “to zero or even offer [people] a net profit.” While Nebula won’t subsidize whole genome sequencing directly, a blockchain model would allow interested buyers — say, two pharmaceutical companies — to pitch in the cash for someone’s sequence in return for access to their data.\n\nNebula ran a survey that found that, rather than simply affordability, privacy and ethical concerns eclipsed all other factors when people were asked whether or not they would consider having their genome sequenced.\n\n“The consequences are very difficult to imagine, but in a world [in which] people are building carriers like viruses that will spread to cells in the body and edit them — it’s frightening, but in fact, all the building blocks are already there: genome sequencing, breaches of data, gene editing.\n\nFederal Trade Commission opened a probe into popular consumer genetic testing firms — including 23andMe and Ancestry.com — over their policies for handling personal and genetic information, and how they share that data with third parties.\n\nBattle-proof, anonymized blockchain systems for the genomics revolution In this increasingly opaque genomics data landscape, private firms monetize the genotypic data spawned by their consumers, and sequence data is fragmented across proprietary, centralized silos — whether in the unwieldy legacy systems of health care and research institutions or in the privately-owned troves of biotech firms.\n\nUsers would have the option to remain anonymous, but a permissioned blockchain system with verified, validator nodes would require data buyers who use the network to be fully transparent about their identity: Generating and sharing access to this data is crucial for decoding the genome through a correlation of variants and traits.\n\nBut as Grishin notes, being largely self-reported, the quality of much of the existing data is uncertain, and a tokenized genomics faces one hurdle in this respect: “If people will be able to monetize their personal genomic data, then you can imagine that some people might think, ‘If I claim to have a rare condition, many pharma companies will be interested in buying access to my genome’ — which is just not necessarily true.\n\nThe value of a genome is kind of difficult to predict and it's not correct to say that if you have something rare, then your genome will be more valuable.\n\nNebula, for its part, envisions that even on a blockchain, data transfer is unnecessary and ill-advised, given the unique sensitivity of genomics.\n\n“Your data can be analyzed locally on your computer by you just running an app on your data yourself […] with additional security measures in place — for example, by using homomorphic encryption to share data in an encrypted form.” Grishin explained that homomorphic techniques encrypt data but ensure that it is not “nonsensical” — creating “transformations that morph the data without disturbing it”: “The data buyer doesn't get the underlying data itself but computes on its encrypted form to derive results from it.\n\nCode is therefore being moved to the data rather than data being moved to researchers.” Encrypted data can be made available to developers of so-called genomic apps — something that Nebula, DNAtix and many other emerging startups in the field all propose as one means of providing users with an interpretation of their data.\n\nConsumer genetic testing firms have already been accused of leaving their clients “with lots of data and few answers.” Beyond satisfying genealogical curiosity and interpreting a range of ‘wellness’ genes, 23andMe can reveal whether you carry a genetic variant that could impact your child’s future health and has — as of 2017 — even been authorized to disclose genetic health risks, including for breast cancer and Parkinson’s.\n\nBrama used the analogy of a deck of cards to explain how blockchain could be the key to starting to bring this data into connection, all the while protecting data owners’ anonymity.\n\nA user might choose to put the correlation between transactions for their different wallets on the blockchain and make it public for people to bid on the underlying data.\n\nProfessor Church has made an analogy that likely rings bells for anyone plugged into the crypto and blockchain space, saying that “right now, genome sequencing is like the internet back in the late 1980s.\n\nArticle made by Silvia\n\n![](https://cdn.steemitimages.com/DQmNmNGdgdjTN11vPmLZngkcdaqwAfdDsUzWYs2SSixN1ae/image.png)",
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      "body": "@@ -3193,12 +3193,516 @@\n coingape.com\n+%0A%0A%0AIf You don%E2%80%99t have time to research what coins are right to buy, then join our inside community%C2%A0where our market experts give out crypto signals that are technically and fundamentally promising!%0A______________________________________%0A%E2%96%BAHomepage %E2%80%93%C2%A0www.ktitrading.com%0A%E2%96%BAFREE%C2%A0Crypto Trading Ideas%C2%A0Telegram%C2%A0 %E2%80%93%C2%A0https://t.me/ktitrading%0A%E2%96%BATelegram Support %E2%80%93%C2%A0%C2%A0https://t.me/kticustomerservice%0A%E2%96%BAFacebook Support %E2%80%93%C2%A0https://m.me/ktitrading%0A%C2%A0JOIN NOW %E2%80%93%C2%A0https://t.me/ktitradingbot%0A______________________________________\n",
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      "body": "![Bitcoin Adoption Just Got Real in Ukraine, Fruits & Vegetables Up for Sale in Cryptos.png](https://cdn.steemitimages.com/DQmYhUyZvKnbPBUGDQDWEASLJyw1i6NhmGRVQEoAuDxcrpS/Bitcoin%20Adoption%20Just%20Got%20Real%20in%20Ukraine,%20Fruits%20&%20Vegetables%20Up%20for%20Sale%20in%20Cryptos.png)\n\nBitcoin adoption is constantly increasing as according to the latest development, the Bessarabian market in Ukraine’s capital Kiev now allows people to buy fruits and vegetables in Bitcoin and other cryptos through the crypto payment processor, Paytomat that support 11 cryptocurrencies.\n\nNow buy groceries with multiple cryptocurrencies\nThis is what real-world Bitcoin adoption looks like!\n\nThe famous Bessarabian market in Kiev, Ukraine’s capital, is now offering the option to purchase fruits and vegetables with Bitcoin among other cryptocurrencies. This has been made possible by Paytomat, a crypto payments processor.\n\nAccording to its website, Paytomat currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH),  Nano, Decred, Dash, ZenCash, ZCoin, Dimecoin, Waves & NEM. This is apparently an experimental stage where customers can spend their cryptos for fruits and vegetables.\n\nAleksandr Kuinnoi, the operational director at Paytomat shared that the project is dubbed “Babushka” that means grandmother has been quoted by the local media source describing the process as:\n\n“At the moment this feature is working in test mode at a single vendor. With the help of cryptocurrency wallet app customer can scan QR-code. After this, the customer is automatically transferred to the cryptocurrency converter page where he needs to enter the purchase price in hryvnias. Next, the customer transfers payment to merchant’s wallet in cryptocurrency of their choice and after the merchant gets a notification of funds being received, this transaction comes to a logical conclusion.”\n\nBefore completing the transaction, the company automatically selects the best exchange rate.\n\nBitcoin & crypto adoption constantly on the rise\nTalking about the idea behind the project, it is to show the simplicity of using cryptocurrencies in the day to day life.\n\nAs for choosing the Bessarabian market, Kurinnoy shared,\n\n“The main idea is the symbiosis of traditions and innovations. We chose Bessarabian market because it is a well-known tourist attraction and cryptocurrencies are a universal payment tool in any country.”\n\nThis is not the first time, Paytomat has been making efforts to take bitcoin and cryptocurrencies to the mainstream. It has been implementing crypto payments in cafes, online stores, beauty salons, schools, and clinics for over a year now.\n\nThe drive to take crypto adoption forward has been propelled through a number of ways viz. POS terminals, single QR code, web panel on the terminal, and free plugin crypto gateway for WordPress. Supporting 11 cryptocurrencies, Paytomat has been working with more than 330 stores.  \n\nIn the mid of last month, Ukraine has been moved to regulate Bitcoin among cryptocurrencies as the financial instruments. Bitcoin might not be becoming a legal tender any time soon, but real-world adoption does works in its favor.\n\nSource: coingape.com",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://mycrypto.ca/coingape/bitcoin-adoption-just-got-real-in-ukraine-fruits-vegetables-up-for-sale-in-cryptos/",
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{
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      "author": "ktitrading",
      "body": "![Bitcoin Adoption Just Got Real in Ukraine, Fruits & Vegetables Up for Sale in Cryptos.png](https://cdn.steemitimages.com/DQmYhUyZvKnbPBUGDQDWEASLJyw1i6NhmGRVQEoAuDxcrpS/Bitcoin%20Adoption%20Just%20Got%20Real%20in%20Ukraine,%20Fruits%20&%20Vegetables%20Up%20for%20Sale%20in%20Cryptos.png)\n\nBitcoin adoption is constantly increasing as according to the latest development, the Bessarabian market in Ukraine’s capital Kiev now allows people to buy fruits and vegetables in Bitcoin and other cryptos through the crypto payment processor, Paytomat that support 11 cryptocurrencies.\n\nNow buy groceries with multiple cryptocurrencies\nThis is what real-world Bitcoin adoption looks like!\n\nThe famous Bessarabian market in Kiev, Ukraine’s capital, is now offering the option to purchase fruits and vegetables with Bitcoin among other cryptocurrencies. This has been made possible by Paytomat, a crypto payments processor.\n\nAccording to its website, Paytomat currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH),  Nano, Decred, Dash, ZenCash, ZCoin, Dimecoin, Waves & NEM. This is apparently an experimental stage where customers can spend their cryptos for fruits and vegetables.\n\nAleksandr Kuinnoi, the operational director at Paytomat shared that the project is dubbed “Babushka” that means grandmother has been quoted by the local media source describing the process as:\n\n“At the moment this feature is working in test mode at a single vendor. With the help of cryptocurrency wallet app customer can scan QR-code. After this, the customer is automatically transferred to the cryptocurrency converter page where he needs to enter the purchase price in hryvnias. Next, the customer transfers payment to merchant’s wallet in cryptocurrency of their choice and after the merchant gets a notification of funds being received, this transaction comes to a logical conclusion.”\n\nBefore completing the transaction, the company automatically selects the best exchange rate.\n\nBitcoin & crypto adoption constantly on the rise\nTalking about the idea behind the project, it is to show the simplicity of using cryptocurrencies in the day to day life.\n\nAs for choosing the Bessarabian market, Kurinnoy shared,\n\n“The main idea is the symbiosis of traditions and innovations. We chose Bessarabian market because it is a well-known tourist attraction and cryptocurrencies are a universal payment tool in any country.”\n\nThis is not the first time, Paytomat has been making efforts to take bitcoin and cryptocurrencies to the mainstream. It has been implementing crypto payments in cafes, online stores, beauty salons, schools, and clinics for over a year now.\n\nThe drive to take crypto adoption forward has been propelled through a number of ways viz. POS terminals, single QR code, web panel on the terminal, and free plugin crypto gateway for WordPress. Supporting 11 cryptocurrencies, Paytomat has been working with more than 330 stores.  \n\nIn the mid of last month, Ukraine has been moved to regulate Bitcoin among cryptocurrencies as the financial instruments. Bitcoin might not be becoming a legal tender any time soon, but real-world adoption does works in its favor.\n\nSource: coingape.com",
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      "body": "![revolut.png](https://cdn.steemitimages.com/DQmbxppodG7a4FFJiirYAxaRfZVd5fvEt1of6PksHgN4g27/revolut.png)\n\nThe launch of brand new high-end Metal Card of Revolut allows one to earn the cash back of 1% outside of Europe & 0.1% in Europe in any of available 25 fiat currencies or 5 cryptos viz. Bitcoin (BTC), Bitcoin Cash (BCH), XRP, Ethereum (ETH), and Litecoin (LTC).\nA high-end shiny card that gives cash back in crypto\nNow, Revolut users get to enjoy its most exclusive card as the European fintech launches Revolut Metal that offers the cash back in cryptocurrencies. For crypto enthusiasts, this is the perfect opportunity to make a real-world purchase and earn in return.\n\nA banking alternative, Revolut offers all services of a regular bank through its app. Apart from supporting a number of fiat currencies, Revolut also supports 5 cryptocurrencies viz. Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (LTC) and XRP.\n\nThe cashback offered is paid in any of these 5 cryptos and 25 fiat currencies supported by Revolut. When it comes to cash back in crypto, it is available on card purchases, its premium features, travel insurance, personal concierge and on the global ATM withdrawals per month of more than £600 ($771.3) as reported by Forbes.  \n\nThis special metal bank card will cost £12.99 ($16.69) per month or £120 ($154.2) for the year. As for the cashback, it starts at 0.1% for card transactions made in Europe. However, as for payments made outside Europe, the cash back in either crypto or fiat is 1 percent.\n\nWith about 2.5 million users across Europe, it will further expose these five cryptocurrencies to the population. Reportedly, in December, last year, Revolut became the first digital banking startup to make profits, especially because of its £6.99-a-month Premium tier.\n\nRevolut’s big plans for the future\nNikolay Storonsky, the CEO of Revolut stated on its launch,\n\n“We are absolutely convinced that Revolut Metal will be the exclusive card of the future, and an absolute must for travellers worldwide.”\n\nRevolut is working hard on adding more feathers in its cap as apart from personal loans and insurance, it is planning to soon launch commission-free shared trading.\n\nIt has already raised about $250 million from investors, and the launch according to Stronsky will further boost its investment opportunities as he shared,\n\n“The launch of Revolut Metal is also an important step towards the company generating additional revenue, especially as we prepare to launch a commission-free trading platform and expand the business into North America and Asia later this year.”\n\nThe company already offers crypto trading and allows the purchase of cryptocurrencies with “No deposit fees. No subscription fees. No exit fees. We only charge a simple, low-cost 1.5% markup on the average exchange price” as per its website.\n\nAccording to the last funding round of Revolut, its business is valued at $1.7 billion which is a significant increase from its previous round six months back that valued it at $30 million. The company is hard at work to rake in more business and profit by introducing exclusive Metal card and cash back in cryptos.\n\n\n![](https://cdn.steemitimages.com/DQmNmNGdgdjTN11vPmLZngkcdaqwAfdDsUzWYs2SSixN1ae/image.png)",
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      "body": "![revolut.png](https://cdn.steemitimages.com/DQmbxppodG7a4FFJiirYAxaRfZVd5fvEt1of6PksHgN4g27/revolut.png)\n\nThe launch of brand new high-end Metal Card of Revolut allows one to earn the cash back of 1% outside of Europe & 0.1% in Europe in any of available 25 fiat currencies or 5 cryptos viz. Bitcoin (BTC), Bitcoin Cash (BCH), XRP, Ethereum (ETH), and Litecoin (LTC).\nA high-end shiny card that gives cash back in crypto\nNow, Revolut users get to enjoy its most exclusive card as the European fintech launches Revolut Metal that offers the cash back in cryptocurrencies. For crypto enthusiasts, this is the perfect opportunity to make a real-world purchase and earn in return.\n\nA banking alternative, Revolut offers all services of a regular bank through its app. Apart from supporting a number of fiat currencies, Revolut also supports 5 cryptocurrencies viz. Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (LTC) and XRP.\n\nThe cashback offered is paid in any of these 5 cryptos and 25 fiat currencies supported by Revolut. When it comes to cash back in crypto, it is available on card purchases, its premium features, travel insurance, personal concierge and on the global ATM withdrawals per month of more than £600 ($771.3) as reported by Forbes.  \n\nThis special metal bank card will cost £12.99 ($16.69) per month or £120 ($154.2) for the year. As for the cashback, it starts at 0.1% for card transactions made in Europe. However, as for payments made outside Europe, the cash back in either crypto or fiat is 1 percent.\n\nWith about 2.5 million users across Europe, it will further expose these five cryptocurrencies to the population. Reportedly, in December, last year, Revolut became the first digital banking startup to make profits, especially because of its £6.99-a-month Premium tier.\n\nRevolut’s big plans for the future\nNikolay Storonsky, the CEO of Revolut stated on its launch,\n\n“We are absolutely convinced that Revolut Metal will be the exclusive card of the future, and an absolute must for travellers worldwide.”\n\nRevolut is working hard on adding more feathers in its cap as apart from personal loans and insurance, it is planning to soon launch commission-free shared trading.\n\nIt has already raised about $250 million from investors, and the launch according to Stronsky will further boost its investment opportunities as he shared,\n\n“The launch of Revolut Metal is also an important step towards the company generating additional revenue, especially as we prepare to launch a commission-free trading platform and expand the business into North America and Asia later this year.”\n\nThe company already offers crypto trading and allows the purchase of cryptocurrencies with “No deposit fees. No subscription fees. No exit fees. We only charge a simple, low-cost 1.5% markup on the average exchange price” as per its website.\n\nAccording to the last funding round of Revolut, its business is valued at $1.7 billion which is a significant increase from its previous round six months back that valued it at $30 million. The company is hard at work to rake in more business and profit by introducing exclusive Metal card and cash back in cryptos.\n\n\n![](https://cdn.steemitimages.com/DQmNmNGdgdjTN11vPmLZngkcdaqwAfdDsUzWYs2SSixN1ae/image.png)",
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