CryptoCoins News, 1/1/0001 12:00 AM PST Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other companies created a “rival” association. Headed by fintech firm Atlas Project, other crypto-related companies The post Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations appeared first on CCN |
CryptoCoins News, 1/1/0001 12:00 AM PST A couple months after two of the largest cryptocurrency trading exchanges, Bitfinex and GDAX, finally adopted the bitcoin SegWit protocol, transaction fees for the currency are finally back to reasonable levels. Bitfinex, on February 20 2018, announced support for bitcoin deposit and withdrawals using P2SH Segregated Witness (SegWit) addresses while GDAX, on February 23, introduced The post Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee Problem appeared first on CCN |
CryptoCoins News, 1/1/0001 12:00 AM PST “Everything is going as I foreseen” is probably one of the most epic lines I can remember, not only because those words were spoken by the dark overlord ruling the galaxy just before his demise, but also because it mirrors so many brilliant human minds, when voicing their opinions on fields of which they are The post Bitcoin: The Return of The Volume appeared first on CCN |
CryptoCoins News, 1/1/0001 12:00 AM PST The bitcoin price has surged to $8,450 after recording a 5 percent increase within the past 24 hours. The cryptocurrency market is eyeing a move towards the $350 billion region and it has already crossed $334 billion. Is the Bull Market Back? It is too early to confirm whether the bitcoin price can continue its The post Bitcoin Price Surges 5% to $8,450 as Cryptocurrency Market Eyes $350 Billion appeared first on CCN |
Business Insider, 1/1/0001 12:00 AM PST
Arya Bahmanyar, 28, makes rap music about driving Lamborghinis, "slinging coin," and indulging an urge to check the price of bitcoin on his phone while he's having sex. His style of hip-hop is an acquired taste. But the biggest bitcoin devotees in the world are here for it. After he said he made a million dollars in bitcoin, Bahmanyar left a lucrative career in commercial real estate and became the "bitcoin rapper" known as CoinDaddy. He writes and performs songs for YouTube, and lives off his earnings from investing early in bitcoin. The self-described cryptocurrency millionaire hopes to turn his hobby into an entertainment brand, leveraging the character CoinDaddy to bring crypto culture to the mainstream. CoinDaddy is the 'Weird Al' Yankovic of bitcoin rapThe first CoinDaddy track was inspired by a bad cryptocurrency trade that resulted in a big loss. Bahmanyar channeled his negative energy into creating a parody meditation tape that told listeners to breathe "bit" in and exhale "coin" out. Friends shared the video: The song really spoke to down-on-their-luck traders. Its swift virality sparked an idea. "I'm going to make songs that aren't that good," Bahmanyar said he thought to himself. Though his music is inspired by prolific rappers Eminem and Sean "Diddy" Combs, it more closely resembles the stylings of "Weird Al" Yankovic, with a more specific appeal. The concepts string together bizarre crypto slang, like "HODL" and "mooning," and iconic crypto figures. In "Holding the Bag," he name-drops several cryptocurrencies and boasts of buying the dips — the term for purchasing coin when the price is down, with an eye towards collecting big gains later. The second verse starts: "Apartment's looking like the Palace of Versailles/Long position riding on an all time high/If you want the ride, and you want the riches/Then buy more coin and get the b-----s" Here's the song: The idea was to create music that holds a mirror to the crypto community. It aims to comfort investors in times of volatility, and self-congratulate when the price of bitcoin soars. One of his most popular videos, called "The Siphoning," tells the tale of two tokens: bitcoin and bitcoin cash. Bitcoin split in two last August when the popular cryptocurrency forked, creating bitcoin cash. The event divided bitcoin's power brokers and caused the coin's price to take a hit. In the song, CoinDaddy assures his audience, "Bitcoin gonna live, bitcoin's gonna live." How Bahmanyar made a fortune in bitcoinCreated in 2008, bitcoin is a cryptocurrency that allows people to buy things and send money without attaching their names to transactions. The core technology doesn't rely banks or middlemen to function, and there are no obstructions to sending bitcoin across international borders.
In 2013, Bahmanyar was a recent graduate of George Washington University looking for work and sharing an apartment with four other people in New York City. After a fateful encounter with a group of bitcoin boosters in a bar, he found himself at the apartment of one of the most vocal evangelists for what turned out to be an educational session on cryptocurrency. His new friend told him to dump all his savings into bitcoin, which he did. Years passed, and he checked the price of bitcoin almost daily. His parents begged him to undo his investment, calling bitcoin a scam, referring to it as "magic internet money." But the price mostly trickled up. "I just held," Bahmanyar said. He worked a series of unrelated jobs in entertainment, business development, pharmaceuticals, and commercial real estate before quitting his last job and taking off for a backpacking trip across Europe in 2017. He stopped checking the price of bitcoin. It was during a visit to see extended family in Oslo, Norway, in October that a relative asked Bahmanyar what he knew about this crazy thing called bitcoin, according to Bahmanyar. He pulled out his phone to show them an exchange app and saw that the price of bitcoin had more than doubled to nearly $6,000 per coin within the four months since he stopped checking. He packed his bags for home, abruptly ending his visit. "I was like, 'What? I love you but not that much," he remembered saying. Bahmanyar returned to the place where he grew up — the San Francisco Bay Area — to be part of the action. He would not disclose his initial investment in bitcoin or his current net worth. His advice: 'HODL'Last year at a holiday party for the San Francisco Bitcoin Meetup group, Bahmanyar stepped out for the first time in his new look. He wore a long white fake-mink coat over a leopard print shirt and a matching porkpie hat. A photographer with the New York Times snapped his photo at the party, giving CoinDaddy his first brush with mainstream fame. He has the article framed in his apartment across the bay from San Francisco, near Oakland. Bahmanyar said more people today know him as CoinDaddy than as Arya, his real name. He spends most of his time traveling for speaking engagements and conferences. Bahmanyar said he drives the same car that he owned before making a fortune in bitcoin, but he eats out more often. He spends frugally, knowing that the price of bitcoin remains extremely volatile. Bahmanyar plans to ramp up production of new videos in 2018 and create songs that educate people who are new to cryptocurrency investing — like a "Bill Nye the crypto guy," he said. When asked what advice he has for other bitcoin investors, he said, "Just hold." "I've done pretty well so far," he added. Disclosure: The author owns small amounts of bitcoin and ether. |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitmain, Chinese cryptocurrency mining company, has been given a green light to set up a blockchain facility in Western Walla Walla County, a county in the U.S. state of Washington. Local newspaper Union-Bulletin wrote that the decision was in complete agreement of the three commissioners involved in the situation. Last month, CCN reported that Ant Creek … Continued The post China’s Bitmain Gets Approval for US Bitcoin Mining Operation appeared first on CCN |
CoinDesk, 1/1/0001 12:00 AM PST A recent back-and-forth between Coinbase and a bitcoin developer shows there's still a big gap between the industry and the open-source community. |
CryptoCoins News, 1/1/0001 12:00 AM PST Make sure you check out last weeks post here, now let’s go over what happened in crypto this week. Price Watch: Bitcoin is up 15% this week after a slight gain last week and a nearly 20% drop the week before. After stabilizing at $7,100 earlier this week, the price rocketed above $8,000 in a dramatic green candle. The price … Continued The post The Bulls Are Back, Trump’s Petro Ban Backfires and Karmic Justice: This Week in Crypto appeared first on CCN |