Říj 07

Survey: Crypto Investors Lean Towards Innovation and Novel Thinking

A recent survey of over 1,000 Americans hoped to glean more about attitudes toward crypto. According to Clovr, the vast majority of virtual currency investors are young, male, and relatively wealthy.


Clovr, a company focused on fostering mainstream adoption of blockchain, recently carried out a survey of 1,004 Americans vi the Amazon Mechanical Turk Platform. The survey focused on people’s thoughts about crypto and investing.

The company said more than 75% of respondents indicated they had an understanding of what cryptocurrency is. Clovr noted how the results seemed to suggest that:

Almost the entirety of America has at least some exposure to the concept of currency akin to bitcoins.

In turn, Clovr notes that roughly 60% of respondents said they would be comfortable “explaining cryptocurrency” to a novice.

Fear of Missing out Is a Big Investment Draw

When asked about reasons for investment, the majority of respondents cited something akin to peer pressure, or “fear of missing out.”

About half of those surveyed say, “the possibility of huge return on investment” is a leading reason to invest. 43% think that virtual currency is the future of money.

Just around 17% said a reason to invest is that:

[…] my gut says to do it.

Overall, 66% said they were not invested into cryptocurrencies. Those who were are primarily men (43%), young (41% are Millennials), urban (42%), and relatively wealthy (43% made 100k+).

75% of those in the survey thought people who had not invested into virtual currency were playing it safe.

In contrast, about half said investors were forward thinking. About 36% characterized them as innovative. Just 22.3% regarded investors as reckless.

Clovr ruminated on the fact that, “Americans appear to be divided in opinion over cryptocurrency and its role moving forward,” explaining how uncertainty’ is the most common emotion associated with digital currency.

storm clouds

Surveys Suggest Bitcoin Hype Is Growing

A number of recent surveys suggest that Bitcoin (BTC) 00 is gaining mainstream credibility, despite turbulent crypto markets in 2018.

Law firm Foley & Lardner LLP carried out a cryptocurrency survey in the summer. Results indicate that the bulk of respondents believe Bitcoin has the best mainstream adoption potential.

A seperate poll conducted in August revealed that roughly 50% of the 2,000 respondents were open to trying Bitcoin.

The survey also suggested that Millennials are increasingly interested in the field. The generation is apt to invest in digital currencies.

What do you think about the latest survey results from Clovr? Don’t hesitate to let us know in the comments below!


Images courtesy of Clovr, Shutterstock.

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Úno 21

Tesla’s Amazon Cloud Account Hacked to Mine Cryptocurrency

· February 21, 2018 · 10:30 am

Tesla, the automotive company, was the victim of a cryptojacking attack as their Amazon cloud account was compromised and used to mine cryptocurrency.


Even the largest and most technologically advanced companies can be vulnerable to being hacked. Case in point is the pioneering electric car company, Tesla, owned by tech billionaire Elon Musk. They were recently the target of a cryptojacking attack that saw their Amazon cloud account compromised and used to mine cryptocurrency.

Tesla car

Security Not up to Snuff

A hacker, or group of hackers, hijacked an IT administrative console belonging to Tesla that had no password protection. The cybercriminals then used sophisticated scripts to begin mining for cryptocurrency.

The hack was discovered by RedLock, a cybersecurity firm. Apparently, researchers for RedLock were tracking down which groups had left their Amazon Web Services credentials openly exposed on the internet. One of the groups that RedLock found was Tesla.

Of the hack, a Tesla spokesman says:

We maintain a bug bounty program to encourage this type of research, and we addressed this vulnerability within hours of learning about it..

The impact seems to be limited to internally used engineering test cars only, and our initial investigation found no indication that customer privacy or vehicle safety or security was compromised in any way.

Crafty Hackers

RedLock notes that the hackers exposed an Amazon “simple storage service” (S3) bucket that held telemetry, mapping, and vehicle servicing data for Tesla. It appears that individual information was not accessed, but the CEO of RedLock, Varun Badhwar, says that they “didn’t try to dig in too much” and instead alerted the car company.

Elon Musk

Elon Musk

Badhwar says that the hackers were pretty crafty in hiding their tracks. They made sure to lower the CPU usage demanded by the Stratum software they were using for cryptocurrency mining. This allowed the mining to be virtually undetected. The hackers also kept their internet addresses secret by hiding behind the services of a content delivery service, CloudFlare.

Overall, it is unknown what cryptocurrency the hackers mined for. The current popular choice is Monero. The amount of cryptocurrency mined by the hackers is also unknown.

For their efforts, RedLock were given $3,133.70 by Tesla as part of the company’s bounty program to reward outside hackers who find flaws in their system. The amount is a reference to 1337, which is old hacker slang for elite.

Tesla is not alone in being the victim of cryptojacking. RedLock estimates that 58% of businesses that use public cloud services have exposed “at least one cloud storage device” to the public. Of that amount, the cybersecurity firm says a full 8% have had cryptojacking incidents.

Do you think companies like Tesla can do more to protect themselves from cryptojacking attacks? Let us know in the comments below.


Images courtesy of Flickr/@Maurizio Pesce, Pixabay, and Flickr/@JD Lasica.

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Čvn 22

Bitcoin Potentially the Most Lucrative Trading Investment Since Amazon

· June 22, 2017 · 1:00 pm

Comparing the dotcom booms, Amazon share price and performance to Bitcoin draws some very interesting parallels, setting Bitcoin as potentially the world’s most lucrative trading investment.


Emerging Tech market Capitalisation Then and Now

Gordon Scott at Investopedia writes that Bitcoin is comparable to how Amazon was treated during the Dotcom boom.

Even by the start of 1997, everyone knew Amazon had a great idea, but no one could fully explain how much its shares should be worth.

It is that very problem that Bitcoin now faces. Everyone realizes that it is a great idea, yet it is hard to fully grasp exactly how much it should be worth. Bitcoin’s primary use as a monetary is well known, but the actual technology and its potential applications are still a great mystery to many.

Amazon faced the same problem as it took new approaches to distribution and supply chain management. Interestingly, Amazon initially started in the book sector and, while it dominates that market to this day, it has since evolved by several orders of magnitude to be the giant that it is today. Gordon further explains:

Investors were not able to fully and accurately quantify Amazon share value at first. Can you blame them if it was hard to analyze the idea of using supply-chain management software to create a virtual book warehouse and factory outlet mall synthesized into a single website?

If we take a look at Amazon’s market valuation back in its 1997-99 cycle there existed the same degree of price volatility that Bitcoin has experienced, at least in it’s 2016-17 period which has seen a much steadier rise as a result of actual widespread investor speculation.

It is the cryptocurrency’s volatility that makes it such a potentially highly rewarding trading investment. The price swings, while hopefully not terminal (as they became after 2010), offer the trader many opportunities to take profit and reinvest. As long as Bitcoin continues to follow the price trends set by Amazon, its traders can potentially continue to make a very lucrative trading investment with the coin.

As can be seen in the charts above, the dotcom boom parallels the current state of cryptocurrency. Furthermore, as other altcoins emerge to stand up to rival and compete with Bitcoin, there exist the same issues of fluctuations in price.

These same issues were present in 1997, except that some companies went on to continue rising as others crashed with the bursting of the dotcom bubble.

Bitcoin In Perspective

Sue Chang at Marketwatch posted this chart (below) which puts the current size and value of Bitcoin into perspective:

Bitcoin - Putting the World's Money into Perspective

As illustrated above, Amazon currently stands at a value of $402 billion, with Bitcoin already sitting at a $41 billion market capitalization. Given this, it’s not hard to get a sense of the size of the cryptocurrency’s current projected value and there is a great deal of market confidence in the coin to have reached this stage.

While many see Bitcoin as being in a bubble, and there may yet be many more volatile dips to come, it is worth remembering that companies such as Amazon suffered also from this market volatility. Volatility, while not desirable in a currency, could just be a sign of Bitcoin and its technology truly finding its feet among its fellow market giants.

Will Bitcoin fulfill its promise as the most lucrative trading investment? Let us know in the comments.


Images courtesy of Investopedia, MarketWatch

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Led 24

2.3 Billion People Can Now Use Bitcoin on Amazon

· January 24, 2017 · 7:00 am

Almost 2.3 Billion people can now shop on Amazon without a computer or a bank account following Purse.io’s Android app launch. 


Shopping with Bitcoin on Amazon Now Available to 2.3 Billion

Following the launch of its iOS app, Purse.io has now released the Android version for its platform, enabling billions to shop on Amazon with Bitcoin on the most popular smartphone operating system with over 1.4 billion users globally.

1111

With both operating systems supported, the number of people globally that can now use this service is now around 2.3 billion and expected to reach 2.8 billion by 2020, according to Statista. 

Purse announced:

We’re excited to formally announce the arrival of our official Purse Android app! We released our iOS app back in November […]. So, of course had to spread the love to the largest and most widely used mobile operating system in the world, Android.

Although the online retail giant does not accept Bitcoin directly, Purse.io matches buyers with gift card holders creating an extremely powerful use-case: online shopping. Furthermore, it enables those who don’t have a bank account or credit card to use the Amazon e-commerce platform, even if they don’t have a computer. The service also lets merchants register their Purse account and sell directly on the platform.

Needless to say, all items from Amazon that are purchased on Purse.io are cheaper than the ones listed on Amazon itself. Not only because of Bitcoin’s smaller transaction fees but also because it provides a gift card/bitcoin exchange market as well as significant discounts

How does Purse.io work?

Sellers can create a free or paid account on Purse.io and list their items for sale. Once a purchase takes place, Purse.io will act as an escrow until the transaction is complete. The Purse system allows merchants and buyers (depending on the payment system) to save a lot on transaction and conversion fees.

However, the most ingenious feature in Purse.io is its Amazon alternative. Purse.io matches shoppers buyers with gift card holders. Since gift cards are usually unredeemable, this creates an alternative for those that don’t want to use their gift cards.

purse instant

Then, the shopper can select a product he wants from Amazon, create a wishlist for it on Purse.io and name his discount or accept the one available. Gift card holders will then take the order and use the gift card to purchase the item. The gift card holder receives Bitcoin for the card he could not redeem previously and the buyer receives the item, creating a win-win environment.

This means that if you have extra gift cards you don’t want, you can also take advantage of the Purse.io system to exchange them for Bitcoin at a discount.

Bitcoin & Amazon

Despite third-party services like Purse.io, Amazon still does not accept Bitcoin as a payment method. There are a few evident motives as to why Amazon has yet to integrate Bitcoin into its e-commerce platform, including volatility and the lack of refund options for Bitcoin. 

However, online retailers like Overstock.com and Newegg.com have demonstrated that Bitcoin can be used as a viable payment system, while OpenBazaar has even built a decentralized e-commerce platform that accepts only Bitcoin and other cryptocurrencies as payment.

Some speculate that Amazon already has deals in place with major credit card companies, an advantage it would lose over smaller online retailers if they start dealing with Bitcoin. Another theory is that Amazon CEO Jeff Bezos does not like Bitcoin due to his political views on the unregulated and anonymous nature of Bitcoin.

In 2014, Amazon stated that it would not accept Bitcoin due to the lack of interest from customers, which it still could in the future if Bitcoin’s user-base grows. But if the e-commerce giant, which comprises about 15% of total U.S. consumer online sales, according to the company’s statements and the Department of Commerce, begins to accept it, then we can safely say that Bitcoin has finally become mainstream.

Will Purse.io push adoption forward? Will Amazon ever add Bitcoin to its list of accepted payment systems? Share your thoughts below!


Images courtesy of ShutterStock, amazon.com, Purse.io, Statista

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Kvě 17

Pre-Order With Bitcoin Using Purse Pre

Source: bitcoin

Purse

The Bitcoin-based marketplace that has connected the community with discounts at Amazon for using cryptocurrency has just announced the launch Purse Pre. This new Purse Pre market will allow Bitcoin users to place pre-orders on goods and trust they will receive the product or get their digital currency back.

Also read: Bitcoin Is The Original DAO

Bitcoin Marketplace Guarantees Pre-Ordered Products With Purse Pre

The San Francisco-based company says Purse Pre will enable pre-orders with Bitcoin and “ensuring  orders are either perfectly fulfilled or customers get all their money back.” Pre-ordering on the worldwide web is great but at times, customers never receive the goods they ordered. Platforms such as Kickstarter, Indiegogo, and from a company’s own website fail to send items more 60% of the time. Kickstarter alone has an alarming rate of over 87% never receiving a refund. Just last week Paypal explained it would stop insuring crowdfunding failure this summer. Purse wants to put an end to the pre-order madness and offer a more secure solution. During the launch announcement Purse CEO Andrew Lee explains the platform’s objectives saying:   

“Purse Pre is the ultimate place to pre-order the hottest products available. With Purse Pre, you can purchase multiple pre-order items at the same time and in a safe way. Purse’s blockchain technology securely escrows bitcoin to ensure that your money is only released when your items arrive or if you decide to cancel an order. We are excited to bring Purse Pre to consumers around the world and to the community of entrepreneurs on Kickstarter and Indiegogo.”   

Purse CEO Andrew Lee

Purse Pre will use its secure escrow system to safeguard consumer funds until the product ships. The service allows customers to monitor “the production status” and users can cancel at any time before shipment to get a full refund. So far the Purse system has saved customers more than $600,000 in discounts and all purchases are secured with blockchain escrows. Purse Pre will be no different but will apply to the pre-order ecosystem with companies like Indiegogo and Kickstarter.

The marketplace Purse tells us that on launch day the pre-order marketplace will feature “over 80 hand-selected, pioneering gadgets” which include Lily the throw-and-shoot camera, the June Oven, BuzzClip the wearable for the blind, Nebia the sauna-like shower, Trunkster the advanced luggage and so much more. Purse says no other marketplace will have this broad range of pre-order goods and back the purchases by blockchain technology. The company states:

“Purse Pre finally allows consumers to purchase the most popular pre-orders from a single website while using Bitcoin.”  

The company is excited to bring this level of pre-ordered goods to a Bitcoin marketplace and believe they are raising the bar with this additional feature. The company claims to process $1 million USD a month in Bitcoin sales and says it’s only getting started. The firm’s mission is to “make global commerce easier and fairer through blockchain technology.” With its popularity, the startup has attracted investors such as TA Ventures, the Digital Currency Group and more with the hope it will expand the company’s mission vastly.

What do you think about the Purse Pre marketplace? Let us know in the comments below.


Images Via Purse Websites and Crypto-Graphics

 

The post Pre-Order With Bitcoin Using Purse Pre appeared first on Bitcoinist.net.

Pre-Order With Bitcoin Using Purse Pre

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Kvě 01

UniChange Giveaway: Free Virtual Bitcoin Debit Card

Source: bitcoin

Unichange

Bitcoin exchange UniChange is announcing a virtual bitcoin debit card giveaway. These virtual cards can be used at large online retailers Amazon and AliExpress, as well as other merchants.

Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services.

The giveaway started on Wednesday, April 27 2016. To participate in the giveaway, UniChange customers have to order a plastic bitcoin debit card, and they will receive a virtual card for free. For more details on this promotion, visit the exchange’s website.

The exchange says that delivery of the virtual cards are instant, and advises that “customers can use their virtual card while waiting for arrival of the ordered plastic card.” If a user no longer wishes to use the virtual card after receiving his or her plastic card in the mail, they can transfer the virtual card funds to their plastic card.

UniChange offers the following advantage for using its bitcoin debit cards:

– ATM withdrawal limits up to 90 000 USD/EUR monthly,

– Low cost (plastic cards cost 9 USD or 8 EUR),

– Unlimited POS transactions (cards can be used at AliExpress, Amazon, Taobao, eBay etc),

– Funding of card balance with Bitcoin, Litecoin, BTC-e code and other methods are also available

The virtual debit cards are available for both the euro and the United States dollar.

About UniChange

Unichange.me strives to cover the needs of their clients, providing unique and universal solutions for fast and secure Bitcoin, Litecoin and e-currency transfers. The platform is fast building a solid reputation in the digital currency exchange space, and believes there is no need to pay unreasonably high fees for a reliable exchange service.

To learn more and to obtain a free virtual Bitcoin and Litecoin debit card please go to:

Media Contact:

Name: David Jr (Unichange Senior Marketing Manager)

Email: pr@unichange.me

City and Country Location: Romania, Bucharest

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.


Images courtesy of Bitcoin Isle, UniChange.

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UniChange Giveaway: Free Virtual Bitcoin Debit Card

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Dub 30

Business Blockchain Books Project Is Nearing Completion

Source: bitcoin

Bitcoinist_Business Blockchain Books Kickstarter

With all of this focus on blockchain technology these days, there are a lot of questions waiting to be answered. One recent Kickstarter campaign for The Business Blockchain Books successfully reached its goal, and two new blockchain books will be coming very soon.

Also read: Bitcoin PR Buzz Accepts Ethereum for Press Release Services

The Business Blockchain Books Campaign

The person behind this Business Blockchain Books campaign on Kickstarter is William Mougayar, who has been writing on blockchain for quite some time now. In fact, his work has been referenced to in over 100 publications or write-ups over the past two and a half years. This was cause enough for Mougayar to launch a crowdfunding campaign so he could write two new books on how blockchain will impact businesses and everyday life.

Even though this campaign does not herald the first – nor the last book – on blockchain technology, it is kind of interesting to see William Mougayar raise enough funds to write two different books. It is important to take into account both of these books on blockchain will complement each other nicely, and the first one has been completed recently.

The Business Blockchain is an in-depth business book on the concept of blockchain technology, which focuses on explaining how the technology works. Although most cryptocurrency enthusiasts have a decent understanding of what the blockchain is and does right now most general consumers – and enterprises – have no clear idea. Defining the concept is of the utmost importance before we can think of implementing it in various industries.

This is where the second book, called Centerless, comes into the picture. The primary objective of this second book is to explain the aspect of decentralization in the way of trust, information, and wealth. It seems inevitable the blockchain will impact everyone on this planet, and gaining a proper understanding of this technology can prove to be incredibly valuable.

The crowdfunding goal of Business Blockchain Books was US$18,000; due to the high costs associated with writing and publishing these books in e-book format. Additionally, both books will be available in print copy as well, which incurs additional costs. A total of US$37,517 was raised when the campaign ended, which shows a keen interest in these two books revolving around blockchain technology.

Now that book one – Business Blockchain – has been labeled finished yesterday, it looks like interested parties who missed the crowdfunding campaign will be able to place their pre-orders on Amazon soon. The second book will be finished at some point in the coming months, although no official dates have been confirmed just yet. This book will also be available for purchase on Amazon once it is ready.

Did you back this crowdfunding campaign on Kickstarter? Are you planning to buy either of these books from Amazon? Let us know in the comments below!

Source: Kickstarter

Images courtesy of Business Blockchain Books, William Mougayar

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Business Blockchain Books Project Is Nearing Completion

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Úno 03

Premium Hardware Wallet KeepKey Partners with The Vanbex Group

Source: bitcoin

KeepKey

Vancouver, CAN — ­ Among the various digital currency hardware wallets to emerge last year, the Washington-­based company KeepKey sticks out for its elegance, simplicity, and security. The device and software, in the form of Chrome extension, remove the nuances of securing a wallet and can be setup in minutes.

Disclaimer: This is a press release. Bitcoinist.net is not responsible for this company’s products and/or services.

The KeepKey software takes control of the management of private key generation, private key storage, and transaction signing. A 12 word recovery sentence gives you access to your money if your device is lost or stolen. To top it all off, private keys made on the KeepKey device never leave the unit, reducing the possibility of theft.

Users verify each and every transaction using the large display built into each KeepKey hardware wallet. Only one button was designed to limit operation controls, making it versatile, quick and simple.

The Vanbex Group, a leading Bitcoin 2.0 marketing and consulting firm, has partnered with KeepKey to build brand awareness and showcase the premium product to consumers everywhere.

For more information on KeepKey please visit: www.KeepKey.com

For information on The Vanbex Group visit: www.Vanbex.com

About KeepKey:

KeepKey, a leading provider of bitcoin storage security, is a private vault for your digital currencies. A USB device that stores and secures your bitcoin, litecoin, namecoin, dash, dogecoin & testnet. Available for purchase on Amazon.com and Keepkey.com

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Premium Hardware Wallet KeepKey Partners with The Vanbex Group

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