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Mostrando entradas de abril, 2018

One man brought down the price of Bitcoin

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By Moris Beracha.-  A permanent feature of Bitcoin, and other cryptocurrencies, is the volatility of its value. Since last January 8, the price has fallen and has not yet recovered. However, The Wall Street Journal pins the blame on one person: Brandon Chez. In 2013, this 31-year-old developer launched coinmarketcap.com, a page that tracks changes in the values of different cryptocurrencies. When Bitcoin and the other currencies became popular in 2017, coinmarketcap.com became one of the most important websites in the world and could beat rivals such as CoinDesk, Coinbase or Blockchain.info. Problems began when, on January 7, Chez execrated the South Korean market from the algorithm that calculated the Bitcoin price, because it offered higher prices that the other exchange houses in other countries. Chez did not publicly announced the removal, he simply made it. The value of Bitcoin suddenly collapsed without an apparent reason. Almost immediately, prices began to drop

Rovereto, the Bitcoin Valley

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By Moris Beracha.-  Rovereto is an Italian town of about 36,000 inhabitants. In the past, this town was an important center for silk manufacture. However, the town is currently engaged in a more "virtual" business. In Rovereto, also called the Bitcoin Valley, there are businesses that accept bitcoins as a payment method and employees earn their full salary in the digital currency. According to Italian media in the town at least 34 places accept bitcoins. A lot compared to 39 in Milan or 35 in Rome, which are metropolises with millions of inhabitants. Marco Amadori was one of the first residents to discover the power of Bitcoin. "If you had listened to me two years ago, you would have had a + 400% on the value of your euros. There are margins," Amadori said in an interview with Italian media Il Dolomiti. Today, the investor walks through the streets and is stopped by people who greet him and regret not having listened to him. There are bars and pubs that

Bitcoin fever lands in Mexico

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By Moris Beracha.-  . Mexican senators have passed a bill that would regulate its financial sector, better known as the Fintech Law, and is pending confirmation in the Chamber of Deputies. The bill mainly seeks to regulate cryptocurrencies to deter money laundering or fraud. The Bank of Mexico would strictly supervise by determining which virtual assets can be operated in the Mexican territory and every user would be obliged to verify that the money that is transferred to cryptocurrency does not have an illegal origin. However, Bitcoin was designed to avoid operation influenced by central banks and governments. So, how could the Bank of Mexico monitor a currency that seeks to avoid regulations? The bill does not interfere with the operations of the currency since the central bank does not recognize virtual assets as legal tender and does not support the coin value, as it does with the peso. "[The law] portrays a standard line for the industry, which has a regulatory

Winklevoss twins, from losing Facebook fight to becoming Bitcoin billionaires

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By Moris Beracha.-  Twins Cameron and Tyler Winklevoss became known in 2008 when they were in dispute with Mark Zuckerberg for the original idea of Facebook. After a lawsuit filed in a United States court, the twins with BA degrees in Harvard and Olympians reached a settlement agreement valued at about $ 62 million. The Winklevoss twins, invested part of the money they won, about $ 11 million, into Bitcoins in 2013. By that year, the digital currency was trading at just $ 120 a coin. In 2017, the bitcoin exceeded its value at $ 15,000. The 11 million became a holding to be worth approximately $ 1,300 million in December last year, when the value per unit reached a price of $ 18,500. Cameron and Tyler became the most prominent billionaires by amassing a bitcoin fortune. More than a few people in Silicon Valley saw that decision made by the Winklevoss in 2013 as naive. Some still consider it that way. "We've turned that laughter and ridicule into oxygen," Tyler

Bitcoins hit the real estate market in Mallorca

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By Moris Beracha.-  A resident at the Spanish island has put up for sale a house on the coast using bitcoins. According to the seller, the house is bright, furnished, with a terrace and a classic decoration, but it can be purchased for about 400,000 euros or in a type of currency that has been in everyone's lips for the past few months: the Bitcoin. This payment method is a pioneer in Mallorca, although it is not new in Spain. In early January, the first house was sold in Tarragona for about 40 bitcoins. Although its supporters praise the transaction as an example of "economy among equals", it is also criticized for its excessive volatility. The media success of the sale in Tarragona caught the attention of Joan, a Mallorcan citizen with a house for sale in Can Picafort. "My coworkers and I have talked about bitcoins, and we have been receiving information about its operation for a few months," said the seller. The owner said that he wants "to

From phone until mind: The best mindfulness apps

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By Moris Beracha.-  Every day, more celebrities are undertaking mindfulness practice, becoming a common habit among many successful people. High authority figures of sports, music and media, such as Kobe Bryant, Paul McCartney and Ariana Huffington do it on a daily basis to keep their attention in the top shape. The first step is always hard, but it is definitely worth it for those who want to redesign their lifestyle. Therefore, Forbes made a list of the best meditation apps that will serve as an athletics coach to your focus and mind. Trixie has a nice collection of guided meditations crafted by the mindfulness experts. On top of that, there is a virtual Artificial Intelligence (AI) meditation assistant that analyzes your routine, mood and meditation patterns to find the most suitable guided meditation for any particular moment in your life. Artificial intelligence is a feature integrated into Aura. This app provides short and personalized science-backed mindfulness exe

Bitcoin predicted to hit $ 100,000

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Moris Beracha.-  The beginning of 2018 was not successful for Bitcoin, after surpassing the meteoric value of $18,000 per token in December. In January, things changed when the price of the digital currency reflected a decrease and stop growing, sinking below $ 11,000. However, Kay Van-Petersen, the fintech specialist who predicted the bitcoin’s rally at the start of 2017, said the cryptocurrency could hit $ 100,000 in 2018. Despite the abrupt fall, the analyst's statements did not go unnoticed. Van-Petersen said that bitcoin could hit between $ 50,000 and $ 100,000, in 2018, reported La Nación de Argentina. "First off, you could argue we have had a proper correction in bitcoin, it has had a 50% pull back at one point, which is healthy. But we have still not seen the full effect of the future contracts," Van-Petersen told the US network CNBC. To reach the $ 100,000, bitcoin would need to rally over 700%. Also, the analyst said that ethereum, which today is wo

Graphics cards in crisis thanks to bitcoin popularity

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Moris Beracha.-  Graphics cards have become the most important tool for bitcoin miners. These graphics cards or accelerators are the most valuable mining units to create digital currencies or cryptocurrencies, especially bitcoin, which could hit $ 11,000 per token. "When a graphic card arrives, it is immediately purchased and tourists. Especially Russians, are looking for them. If you have 20 in stock, 20 are taken," said a salesman from the Life information technology chain in Barcelona, Spain. Any card that is in stock is purchased. If you don’t have the model you are looking for, superior cards will be taken by tourists from Eastern Europe, because it is not available," he said. The AMD Radeon RXs are the most purchased graphics cards. A model can cost over $ 250 when most of them surpass $400. The big losers are the "gamers", who usually 'settle' with a card, but, as powerful as possible. "Minar bitcoins is no longer profitable sin