Bitcoin Price Drops Again as More Chinese Exchanges Stop Accepting Deposits

10 Apr
2014

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As more Chinese crypt currencies announce they are stopping to accept cash deposits as being requested by their banks and payment processors the Bitcoin exchange rate and that of other crypto currencies has dropped again today down to almost $400 USD. The new exchanges that join the ranks of the ones that already announced that they are stopping to accept deposits in Chinese Yuan from users are BTCTrade and BTC100 that have released official announcements today. Huobi, another exchange that we mentioned last that has also come out with official announcement that they are also stopping deposits in cash. And with April 15th coming in just a few days you can expect that the remaining Chinese exchanges will also follow in these steps. There is still no official announcement coming out from PBOC, though exchanges are being notified by their banks and payment processors. If you were still doubting about the ruling for banks and payment processors to stop servicing the accounts of 15 of the top crypto exchanges in China, then you should probably stop now as it seems clear that this is happening already.

Do note that China is not banning Bitcoin and crypto currencies and most likely crypto currency exchanges will find another way of continuing to do business and trade coins for cash. All that China is doing is trying to limit the crypto to cash exchanges, and all of the exchanges will continue to trade crypto-crypto exchange pairs without problems. And hopefully they will soon find an alternative solution for cash to be used to buy and sell crypto currencies, so that the Bitcoin markets will finally calm down a bit and instead of going down will stabilize and may start going up. That is unless of course China decides to actually ban the crypto currencies in a month or two for example as that is not entirely impossible as well.

Bitcoin 2014 Conference: Building the Digital Economy

10 Apr
2014

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Bitcoin 2014 is the annual international forum, exhibition and networking conference organized by the Bitcoin Foundation for the fintech industry. It’s where investors, technologists, regulators, executives, entrepreneurs, developers, and policymakers gather to collectively shape the future of cryptographic money worldwide. Bitcoin 2013, the inaugural conference, was hosted in Silicon Valley and attracted over 1200 attendees, speakers and exhibitors. This year, the conference will be held in Amsterdam, one of the most prolific fintech hubs in Europe, to get a glimpse into the future and the opportunity to be a part of building the digital economy. The Bitcoin 2014 conference will take place on 15-17 May in Amsterdam in the Mövenpick Hotel located at the Amsterdam Airport’s Passenger Terminal.

– For more information about the Bitcoin 2014 Conference taking place in Amsterdam, Europe…

Credit: https://cryptonews.com/news/best-crypto-to-buy.htm

Gridseed G-Blade Miner Now Officially Announced and Shipping

9 Apr
2014

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Today Gridseed have officially announced their new Blade Miner called G-Blade and have published the official product page with some details. We already knew pretty much what to expect, and the only difference seems to be the black anodized aluminum heatsink and the black colored PCBs of the device. It is interesting to note that instead of about 140W of power consumption Gridseed now says 100W and the size of the device is just 30.5×11.5×9.3 cm, or with other words smaller than what we had though initially from the first photos of the device. It is interesting to note that Gridseed compares the new G-Blade miner to 13 AMD Radeon HD 7850 cards in terms of hashrate and notes the difference in power usage as well as the space and other hardware requirements. It would’ve been nice if they were also matching the price of 13 of these GPUs only, but instead the new Gridseed G-Blade miner will cost you pretty much the same as those 13 video cards along with the other hardware you need along with them to make them work. So it seems the advantage you get in this particular comparison is the significant reduction in terms of power usage and we already know that Scrypt mining will soon be pointless on the GPU anyway.

– Visit the official Gridseed G-Blade miner page for some more information and photos…

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