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Dutch and Korean Mainstream Media Extensively Cover Bitcoin Rally

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Dutch and Korean Mainstream Media Extensively Cover Bitcoin Rally

Bitcoin is sustaining a strong price rally, maintaining its stability at the US$1,020 margin. Within seven days, the price of bitcoin rose by 9%, pushing the demand for the digital currency in exchanges worldwide. As a result, bitcoin began to gain extensive coverage by mainstream media in South Korea, Belgium, and the Netherlands.

Extensive Coverage in Belgium and the Netherlands

In the Netherlands, de Volkskrant, leading daily morning newspaper with a circulation of nearly 250,000 nationwide and De Telegraaf, the largest Dutch daily newspaper with a circulation of 430,000, provided extensive coverage on bitcoin and its recent price rally to their mainstream audience ever since bitcoin reached the $1,000 milestone.

Analysts at De Telegraff offered insightful and accurate assessment of bitcoin’s rising value, stating that current global economic instability and uncertainty led to the increase of demand for bitcoin. Researchers at the firm also mentioned China’s role in bitcoin’s recent price rally, explaining that investors, traders and households purchased bitcoin to move the Chinese yuan out of the country.

De Telegraff stated:

Bitcoin has in recent months was sought after by investors due to the uncertainty in the international economy. According to analysts, the popularity of bitcoin is enhanced by strong demand from China, where virtual currency investors are seeking for an interesting alternative to the yuan.

While tightening regulations and capital controls initiated and imposed by the Chinese government indeed played a vital role in pushing the price of bitcoin, experts like Vinny Lingham told users and investors that it is important to consider the impact of the Federal Reserve’s increase in interest rates on bitcoin.

The global economy is dependent on the US dollars directly and indirectly. Currencies like the Chinese yuan and South Korean won depend on the performance of US dollars and thus, when the US dollars rise in value, they decline in price.

Inevitably, when the Fed raised rates in December, the demand for bitcoin surged in countries like China and South Korea due to the rising number of investors and traders seeking for alternative assets to avoid currency devaluation.

De Tijd, a major newspaper in Belgium with 41,000 in circulation, also provided coverage on bitcoin on its online media outlet, emphasizing bitcoin’s strong performance throughout the year. Analysts at De Tijd noted that bitcoin was worth less than $500 in the beginning of 2016 and it reached a 3-year high price on the first day of trading in 2017.

South Korea: Fed Rate Hikes, Bitcoin Demand Rises

The South Korean economy is slowly recovering from controversies surrounding President Park’s involvement in bribery and other serious offenses.

When the Fed announced its plans to raise interest rates last month, mainstream media outlets in South Korea expressed their concerns with the decreasing value of the South Korean won. Such coverage led to increasing demand for bitcoin within the country and ultimately, extensive coverage from mainstream media.

Mainstream media coverage in leading countries like the Netherlands and South Korea are exposing millions of people to bitcoin on a daily basis. If bitcoin continues rise in price, it will aid mainstream adoption of the digital currency in the long run.

Image from Shutterstock.

 

Chris Corey Chief Marketing Officer 

Markethive 

Joseph Young on 03/01/2017​

Alan Zibluk – Markethive Founding Member

Markethive

Green Fire On The Blockchain

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Green Fire On The Blockchain

Green Fire has decided to change the world as you know it. We are moving together onto the blockchain. We have chosen “Green Fire Gold” (GFG) as the blockchain application name. GFG will be the first to take landfill mining and reclamation on to the blockchain.

GFG is designed with next generation high load blockchain protocols, utilizing a blockchain design that improves functionality with each additional user, maximizing scalability and load performance.

GFG includes your own private universal wallet that allows for immediate trading and exchange between all currencies and investment markets.

The GFG blockchain is designed by the best in cryptocurrency development to create a coin and mainstream payment network usable by everyone in the world.

The GFG universal wallet/coin combo can be used to manage your entire life and assets. Inside are a Universal Dapp store (decentralized application store), micro-services, micro-payments, smart contracts, universal exchange, universal payment system, and custom template decentralized app building, just to name a few.

Understanding blockchain

The Blockchain has become the default backbone for most new financial and business development.

In essence, blockchain is a distributed database, or "timestamp server," as it was called by the mysterious Satoshi Nakamoto in the paper that proposed bitcoin.

The blockchain consists of blocks of data — each block is a timestamped batch of valid individual transactions and the hash of the previous block, creating a link between the two. Because each timestamp includes the previous timestamp in its hash, it forms a chain. Each new transaction must be authenticated across the distributed network of computers that form the blockchain before it can form the next block in the chain.

GFG is developing a fully decentralized, leaderless DAO*, a Decentralized Autonomous Organization, and a fully distributed financial platform, OWNED BY THE PEOPLE WHO USE IT.

GFG is using the MyCryptoWorld development platform to construct the GFG DAO. This platform develops on an advanced Ethereum blockchain.

For the determination phase of implementation an interdisciplinary team of cryptocurrency, marketing and software veterans/enthusiasts around the globe have already started determining the intelligence that operates GFG.

As soon the business determination is finished the whole system will be completely community/user driven and owned. From this point on the further evolution will be in the hands of all owners, using e-Governance/voting and other cutting edge tools to create consensus and run decisions.

The GFG DAO is a digital decentralized autonomous organization and a form of investor-directed venture capital fund.

The GFG DAO has an objective to provide a new decentralized business model for organizing both international commerce and social marketing. It will be on the Ethereum blockchain, and will have no conventional management structure or board of directors.

The GFG DAO is stateless, and not tied to any particular nation state. As a result, many questions of how government regulators would deal with a stateless fund are yet to be dealt with.

The GFG DAO is being crowdfunded via a token sale. A similar crowdfunding campaign in May 2016. It set the record for the largest crowdfunding campaign in history

OWNED BY THE PEOPLE WHO USE IT

The Landfill Pickers and the Women Informal Workers will own GFG. GFG will be governed by consensus.

Consensus in a distributed system is determined by entities checking each other's work and providing a stamp of approval as to transactions and activities allowed. This is accomplished through a distributed network, one might say, a “social neural network”.

Smart Contracts

GFG Blockchain also leverages a technology called "smart contracts," which are bits of executable code that only act when specific conditions within the blockchain are met. This allows a blockchain to automate activity like payment transfers when a task is completed, or even a partial payment when a milestone is achieved.

By providing a way to record transactions as automated trusted activity among digitally networked peers, audit and professional services firm Ernst & Young believes "blockchain technology has the potential to streamline and accelerate business processes, increase cybersecurity and reduce or eliminate the roles of trusted intermediaries (or centralized authorities) in industry after industry."

Blockchains have proven that they reduce cost and increase trust in financial transactions. It is becoming apparent that we can expect financial services firms to abandon existing transaction-processing technologies in favor of blockchain technologies.

We are developing the GFG DAO on the blockchain with a unique crypto token (coin) and its own brand of distributed manufacturing and ecommerce.

Green Fire is taking the Landfill Mining operations and the Children of the Landfill project and wrapping them in a blockchain application.

This will provide these “invisible workers” the very poorest of the poor the most unique democratic environment that is yet to prevail for them. They will be the next global cultural warriors to emerge from the shadows.

Mike Prettyman,
Chief Information Officer at Green Fire Engineered Reclamation
For more information come to the website
Children of the Landfill Project

Green Fire Engineered Reclamation

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Children of the Landfill
Green Fire Engineered Reclamation
 

Alan Zibluk – Markethive Founding Member

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Cryptocurrency Wallets

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CryptoCurrency Wallets

I am continuing my education regarding MyCryptoWorld.

Today I am looking at wallets. Previously I have learn't that Cryptocurrency transactions are protected by military level encryption and physical coins do not exist. So where is the best place to store our Bitcoins or other cryptocurrencies.

There are three types of wallets

  • User controlled wallets
  • Hosted wallets
  • Hardware wallets

Your options. probably  depends on your age and familiarity with using computers and mobile devices and how often or how many coins you have, the choice is very much up to you.

My first choice is a user controlled wallet such as Blockchain, which is web based and also can be used on mobile devices. You have full control over your money, but that comes with its own dangers: you could lose your private keys, your computer could be hacked and the keys could be stolen, or your computer could break, and if you did not keep another record of your keys, you’d be out of luck.

One reason I like Blockchain is because the wallet is built on an HD (or hierarchical deterministic) framework, which has a different method for address generation and management. Each public address your wallet generates stems from your wallet's xPub (or Extended Public Key). Once your public address receives an incoming payment, a new address will automatically be generated and display when you click on receive.

There is a danger If you use the same address every time you receive funds, it becomes easy for anyone to track your entire payment history. This method of address generation improves privacy by automatically presenting you with a new address when you’re expecting payment.

I have also looked at Circle which is a hosted wallet which is more mobile based and very user friendly wallet,which can hold currencies or Bitcoin and you can send and receive either to other people by using email or Bitcoin addresses. However, there are limits which are placed on you initial transactions (0.3329 BTC weekly limit) No need to worry about anything except the limits, Great for day to day use. No need to use Bitcoin exchanges as this is all built in, Conversions are made when you add or remove funds from your wallet. Bitcoin balances in your Circle account, are fully insured against any breach of digital or physical data storage at Circle.

Initially I thought that its security was not up to scratch as I was not required to supply ID information to purchase Bitcoin. When I wanted to send Bitcoin however, I had to supply additional information which delayed the ability to send for 3-5 working days.
 

Hardware wallet is a special type of Bitcoin wallet which stores the user's private keys in a secure hardware device, which might be a usb or other storage device such as a mini computer

They have major advantages over standard software wallets:

  • private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plain text

  • immune to computer viruses that steal from software wallets

  • can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point

  • much of the time, the software is open source, allowing a user to validate the entire operation of the device

 

If you want further security you could consider using a Brain Wallet

You might ask why I am providing this information and researching Cryptocurrency, It is because I am involved with the ICO of a new Cryptocoin.

David Ogden
MyCryptoWorld

Alan Zibluk – Markethive Founding Member