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64% Of German population are Aware Of Bitcoin, Says IT Association Bitkom

Bitcoin Germany. 2/3 of Germany population know about Bitcoin

Attention to the most well known cryptographic money has multiplied since 2016, when 36 percent of German subjects knew about Bitcoin, and quadrupled since 2013, Bitkom reports.

As indicated by the current year’s overview.

4 percent of the 1,009 respondents really claim Bitcoin, 19 percent said that they have a thought of how to purchase Bitcoin and 72 percent expressed they had no enthusiasm for the advanced cash.

On the monetary essentialness of digital forms of money and Blockchain, Bitkom CEO Bernhard Rohleder expressed:

“Bitcoin and different cryptographic forms of money are a decent case of how the computerized age can change the monetary world.

This isn’t such a great amount about the individual cash itself as it is about the fundamental blockchain innovation. It will affect the entire economy.”

Bitkom review

As revealed by Bitkom’s overview, the two principle reasons referred to by the 72 percent of Germans who have no enthusiasm for Bitcoin are dangers from high value instability and absence of learning of Bitcoin’s commonsense utilised.

On Monday, Feb. 12, the European Supervisory Authorities cautioned buyers that cryptographic forms of money are “exceptionally hazardous” resources that show “clear indications of an estimating bubble”.

Consciousness of digital currencies is high in Germany contrasted with some different nations. As indicated by a Jan. 13 overview, more than 56 percent of Russians have known about Bitcoin. In August 2017, Charles Xue, a Chinese-American extremely rich person speculator, recommended that by far most of individuals in China, 70-80 percent, have never known about Bitcoin.

 

Bitcoin price falls below $7,000 as banker signals going to crackdown

Cryptocurrency is a ‘Ponzi scheme’ that poses a threat to financial stability

Price of Bitcoin yo-yoing

The cost of bitcoin yo-yoed uncontrollably again on Tuesday, falling 14% to $5,920 (£4,250) before ricocheting back to $7,265 – up almost 6% on the earlier day. The most recent gyrations came as a main national financier depicted the cryptographic money as “an air pocket, a Ponzi plot and a natural calamity”.

The new leader of the Bank for International Settlements, Agustín Carstens, likewise said bitcoin debilitated to undermine open trust in national banks and represented a danger to monetary soundness, and he flagged a worldwide clampdown.

Carstens, a previous legislative head of Mexico’s national bank, said that in spite of the transient ascent of bitcoin, digital currencies were just putting on a show to be monetary forms and were risky, conceivably encouraging tax avoidance, illegal tax avoidance and criminal back.

Leader of the body

As the leader of the body that speaks to the world’s national banks, his remarks are the clearest sign yet that worldwide controllers are setting up a crackdown on bitcoin, the cost of which ascended by 900% a year ago, making it the best-performing resource of 2017. It hit a pinnacle of nearly $20,000 in the prior week Christmas.

Lloyds Bank bans clients from purchasing bitcoins utilising charge cards.

In any case, it has fallen by over half since the start of 2018, as financial specialists become progressively frightful of mediation by controllers.

Bitcoin isn’t perceived by any national bank. It enables individuals to sidestep banks and conventional installment techniques to pay for merchandise and enterprises.

Carstens said national banks ought to specifically focus on the binds connecting digital forms of money to genuine monetary forms, to guarantee the relationship was “not parasitic”.

His remarks take after a series of notices on bitcoin from specialists and financial analysts around the globe, including India, the US and South Korea. Facebook has restricted bitcoin and other digital money adverts on its site.

On Monday Lloyds Banking Group and Virgin Money restricted clients from utilising its charge cards to purchase bitcoin, in the midst of fears the banks could be subject if the digital currency’s esteem implodes.

Very possible Monero and Litecoin Merge is closing!

Charlie Lee admits his ambition to work with Monero in an exceedingly series of tweets he posted yesterday, claiming that Litecoin’s liquidity would be a decent acceptable Monero’s anonymity and exchangeability.

Monero project.

Monero (XMR) project lead Riccardo Spagni and Litecoin (LTC) creator Charlie Lee would appear to be taking tentative baby steps in probably delivery their 2 coins closer.

The tweet highlights what’s quickly turning into the long run direction for cryptocurrency: on-chain atomic swaps, wherever 2 totally different coins will in theory be changed in an exceedingly secure and instant manner. On-chain atomic swap technology is ready to revolutionize the present crypto trade, because it was enabled by the recently enacted SegWit changes that Litecoin initial tested and Bitcoin finally adopted late last year. Lee went on to elaborate on his ambition to envision Monero’s distinctive obscurity and changeableness complement Litecoin’s liquidity.

You can find here if you interested about Monero cryptographic currency:

https://blockgeeks.com/guides/monero/

CHARLIE LEE’S PAST incorporated MINING PARTNERSHIP WITH DOGECOIN

It would not be the primary time that Charlie Lee has reached resolute different coins for cooperative opportunities. He antecedently helped saved Associate in Nursing under the weather Dogecoin through permitting the 2 coins to be well-mined along. This was within the time period of pool mine swapping, wherever mining pools would switch to mine the foremost profitable coin at that precise time. Litecoin was able to provide Dogecoin a raft whereas additionally introducing the insular community to Litecoin and also the wider world of crypto.

LITECOIN arguing

Charlie Lee recently created headlines together with his move to separate his own monetary interests from the Litecoin community by marketing his entire share of Litecoins. This was wide seen as him abandoning his own coin.

Selling his stash was a PR move that turned terribly wrong for Lee within the fickle world of crypto. Lee had antecedently been seen as providing a robust guiding hand for the crypto community as a full by overseeing the implementation of SegWit on Litecoin and later Bitcoin. This was a effort that concerned persuading the interests of huge mining operations. abundant of the goodwill he had designed up was brought down by accusations of self-interest and of losing religion in his own coin.

If the Monero partnership goes ahead, it’d save plenty of development time for Litecoin, that has its own foundation, to that Lee contributes. Yet, in turn, the event burden mentioned in Lee’s tweet would additionally fall to Monero likewise.

 

 

Starbucks Chairman Is Crazy on Blockchain,but is Cold on Bitcoin

Starbucks

Starbucks Chairman Howard Shultz aforementioned the coffee chain plans to include blockchain technology and digital currencies into its long payment technology strategy, and hopes to “expand digital client relationships.”

Shultz doesn’t, however, believe that bitcoin can play a job in this strategy, remarking that he did not believe the first cryptocurrency would “be a currency nowadays or within the future.”

He processed that Starbucks isn’t developing a digital currency or saying associate investment in blockchain or cryptocurrencies, however would love to use its stature to lend believability to those technologies.

Shultz

Shultz created the remarks within the company’s quarterly capitalist decision, that were afterwards reported by diginomica.

Starbucks, he added, is unambiguously positioned to require advantage of the changes.

“We suppose we’ve got one thing to supply the businesses that square measure chasing this, as a result of we tend to square measure in a very position to make the sure legitimate place during which this might be accepted and probably cash in of the mobile payment digital platform that we’ve got created.”

The platform Shultz observed is Starbucks’ mobile payment app, launched in 2015, that allows customers to pay and order in-app, whereas accruing rewards.

Mobile payments

Mobile payments represent nearly one third of Starbucks’ U.S. transactions, and as a result, Shultz aforementioned Starbucks is considering implementing cashless stores within the U.S.

Starbucks features a history of clench leading-edge payment solutions. It adopted sq. because the exclusive processor of all of its debit and mastercard transactions within the season of 2012, tho’ the connection later dissolved.

Picture taken from Getty images.

 

 

 

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