#109 Fortnite’s Unvaulting Countdown At Loot Lake

After unlocking the mysteries of the 5 runes, the countdown has begun over Loot Lake. What is stored in these vaults that will be released? Here’s what we know so far… Don’t forget to donate to our Kickstarter today and get some exclusive merch!

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#63 What Is Twitch Hiding Up Their Sleeve?

This episode was recorded LIVE on Mixer! If you want to be part of the live show along with the chance to win some free stuff, you should join us!

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Factbox: Ten years of bitcoin

Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking.

What is Bitcoin?

Zynga revenue and forecast come up short, but big-name games in the works

Zynga Inc. reported a slight miss on its most widely watched sales metric and projected holiday results lower than analyst expectations Wednesday afternoon, but promised a brighter future with a slate of games based on popular intellectual property including “Game of Thrones” and “Harry Potter.

Google Introduces reCAPTCHA v3 – No More Garbled Text or Clicking on Endless Stream of Random Images

Google has launched reCAPTCHA version 3 that is a complete overhaul of the reCAPTCHA technology. The company first introduced this background check system back in 2007 and this is the 3rd major overhaul being sent to it. reCAPTCHA itself was initially introduced in 2014. Designed to ward off bots on the internet, reCAPTCHA has proven to be useful but extremely annoying. However, with reCAPTCHA v3 Google aims to reduce this annoyance by no longer requiring any user interaction. No more squinting of eyes to read garbled codes or clicking on images of billboards.

Twitch CEO plots expansion beyond game streaming as Facebook and media companies enter the market

Twitch, the Amazon-owned video streaming service where viewers watch other people play video games, has outgrown its niche roots to the point that 1 million people on average are using it at any given time. The broader category of esports has blossomed into an international phenomenon, with research firm Newzoo predicting the market will grow 55 percent by 2020 to $1.4 billion. That kind of success brings with it competition from big media and tech companies looking for new areas of growth. “One of the biggest changes for Twitch over the past year is just the way that video games and streaming have started to cross over into the mainstream,” CEO and co-founder Emmett Shear told CNBC in an interview last weekend in San Jose, California, at the company’s annual TwitchCon event.

Twitch Squad Stream will officially allow multi-streams next year

Twitch is getting a major new feature called Squad Stream. Announced at TwitchCon, Squad Stream is Twitch’s way of offering native support for multi-streams. The new feature allows viewers to watch up to four streams at once; one for the streamer they’re following and three other viewpoints for the rest of the squad.

Nubia X: a Dual-Display Smartphone with No Selfie Camera

Nubia, a ZTE brand, this week introduced its new range-topping smartphone outfitted with front and rear displays and Qualcomm’s high-end SoC. The new Nubia X features a rare 93.6% screen-to-body ratio on the primary LCD, maximizing its screen real estate while also offering a serious performance. The phone will certainly catch some eyes, but what remains to be seen is how useful the second display is and how will it affect battery life of the device.

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Apple Bans Cryptocurrency Mining on iPhone and iPad

Apple has introduced new section in the App Store Review Guidelines against cryptocurrency mining.

It does seem like 2018 is not a good year for cryptocurrencies in general. After Facebook, Google and Twitter shuns crypto ads, Apple has followed suit – sort of.

The Cupertino-based company just introduced a new section on cryptocurrency on its Apple Store Review Guidelines. The section – 3.1.5(b) – details guidelines that are to be applied to iOS, macOS, watchOS, and tvOS app. So basically everything that’s Apple.

These new policies come at a time where scams related to cryptocurrency has become very widespread.

“Apps, including any third party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining,” the guideline states.

“In addition, apps may not mine directly for cryptocurrencies, unless the mining is performed in the Cloud or otherwise off-device,” it stated.

Apps are allowed to facilitate virtual currency storage as long as they are offered by developers enrolled as an organisation. They are also allowed to facilitate “transactions or transmissions of cryptocurrency on an approved exchange”. However, these services must be offered by the exchange itself.

The new section also touched on Initial Coin Offerings (ICOs). According to the guideline, ICOs must come from “established banks, securities firms, futures commission merchants (‘FCM’), or other approved financial institutions”.

Lastly, crypto-related apps are not allowed to offer currency for completing tasks. This includes tasks like downloading other apps or posting to social networks.

 

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Korea’s Biggest Cryptocurrency Exchange Bithumb Will Ban Trading in 11 Countries

South Korea’s largest crypto exchange Bithumb bans trading in North Korea and Iran, among others.

Citing increased money laundering concerns, Bithumb will ban cryptocurrency trading in eleven countries. This includes Iran, Iraq, North Korea and eight other countries considered to be high-risk jurisdictions.

The immediate ban started on May 28 on the aforementioned countries monitored by the Non-Cooperative Countries and Territories (NCCT) Initiative.

New users from these countries will not be accepted as well. Bithumb is also expected to disable the existing user accounts on June 21st.

In addition, the crypto exchange company says they are also implementing recommendations from the South Korean government. They are also putting into consideration the recommendations from the Korea Blockchain Association. The latter introduced ethical codes to strengthen transparency in the local crypto market.

“We will strictly enforce our own rules and protect our investors while we actively cooperate with local authorities.”

Other countries on the list include Trinidad and Tobago, Tunisia, Vanuatu, Yemen, Bosnia and Herzegovina, Ethiopia, Syria, and Sri Lanka.

Bithumb is Korea’s largest cryptocurrency exchange and the world’s 5th largest.

 

Stormy Daniels Adds A Cryptocurrency Reward Program To Her Website

Stormy Daniels is rewarding her viewers with cryptocurrency, and no, it’s not Verge.

Image Credit: Bitcoin Exchange Guide

Adult entertainment star Stormy Daniels has partnered up with Vice Industry Token (VIT) for exclusive content.

Darkreach Communications, the company which manages Daniels’ website, is working with the blockchain startup to reward viewers for watching content. This allows adult film producers to further monetize their content.

The company also plans to integrate the VIT token to its 20-plus other website that it manages.

President of Darkreach, Rob Murray, explains that the introduction of cryptocurrencies is an inevitable move.

“The way the VIT blockchain works, we all get a piece of the token, and the guaranteed genuine data is the icing in the cak

Her partnership with a cryptocurrency is not surprising. The adult industry relies on privacy and anonymity, factors that are also the backbone of cryptocurrencies. However, this is not the first time that the two industries have crossed paths. Last month, PornHub partnered with Verge as means of payment for its premium content.

 

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India May Start Charging 18% Tax on Cryptocurrency Tradings

India may start applying 18% Goods and Services Tax (GST) to cryptocurrency trading. They will be classed as intangible goods.

(Image credit: The Indian Sun)

The Indian government may start following the lead of the US and start applying taxes on cryptocurrency.

According to a report by Bloomberg Quint, sources who has direct knowledge of the discussions say the GST could be at 18%. This means cryptocurrency traders are going to be taxed for every trade they do. Miners will also be charged 18% tax on their mining rewards.

And don’t think you’re safe if you’ve had your earnings last year. The sources claim that tax will be applied retrospectively from July 1 2017. Trading with other countries will be considered as imports and exports so the Integrated GST will be applied.

In the US, cryptocurrencies are considered as property, similar to real-estate. Buying and holding Bitcoin is not taxable but the profit from selling them is liable to capital gains tax.

Although there are no decisions made so far, cryptocurrency taxes may start as soon as July 1.

Earlier this month, it was noted that a lot of startups in the cryptocurrency sector are moving away from India. This is because of the country’s subsequent crackdowns on tax avoidance from crypto earnings.

The Marshall Islands Is Replacing the US Dollar With Own Cryptocurrency

The Marshall Islands is launching its own national cryptocurrency token dubbed the Sovereign (SOV).

While other countries are still debating whether to ban or tax cryptocurrencies (like India), one country took a completely different route.

Marshall Islands has declared their new cryptocurrency as the sole national legal tender. The country has just signed a bill declaring “The Sovereign” (SOV) as its new official cryptocurrency. This will replace the US dollar which the nation has been using.

The sovereign island country in the Pacific has a population of about 53,000 all of whom will soon be using the SOV as their main currency. The US dollar will also still be accepted.

Minister-in-assistance to the president of the Marshall Islands David Paul explained its move. “As a country, we reserve the right to issue a currency in whatever form it is, whether in digital or fiat form.”

The country is partnering with Israeli company Neema to launch 24 million SOVs in an ICO. It plans to sell 6 million currency to international investors and use the proceeds to pay for projects. It also plans to give out 2.4 million to its citizens in the form of cryptocurrency.

The bill to change the legal tender for nation was signed into effect in March. However, it is only this time around that the world has taken notice of this change.

“This is a historic moment for our people, finally issuing and using our own currency, alongside the USD” President Hilda Heine said in a statement. “It is another step of manifesting our national liberty.”

 

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Verge Cryptocurrency Suffers Its Second Hack And Lost $1.7 Million

The cryptocurrency also suffered a similar attack last month and lost over $1 million.

This is not a good year for the Verge cryptocurrency. The privacy-oriented cryptocurrency has experienced many security issues over the last few months. An attack in April resulted to a theft of 250,000 XVGs and in March, had their Twitter account hacked.

The latest attack lasted a few hours and resulted to a loss of approximately 35 million XVGs. This is worth more than $1.7 million as per the latest Coinmarketcap price.

Verge mentioned the attack in a Twitter post, explaining:

“It appears some mining pools are under DDoS attack, and we are experiencing a delay in our blocks. We are working to resolve this.”

Reddit user ocminer first noticed the attack. He was the same user who pointed out the first attack as well. According to him, hackers have exploited the same glitch that allowed them to steal thousands of XVGs previously. They were able to mine multiple blocks one second apart using the same (scrypt) algorithm.

He previously pointed out that Verge’s system had not been properly repaired since April. Additionally, he noted that “since nothing really was done about the previous attacks (only a band-aid), the attackers now simply use two [algorithms] to fork the chain for their own use and are gaining millions.”

 

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CEO Of Coinbase Talks About The Future Of Cryptocurrency

Coinbase CEO Talks About Cryptocurrency’s Future

Brian Armstrong, CEO of  Coinbase talks about the future of cryptocurrency.  The company has gone a long way since its launch in 2012.  The company has raised more than $225 million.  It has paved the way for cryptocurencies to enter the mainstream by providing a digital currency exchange.

Coinbase And Its CEO, Brian Armstrong

Armstrong worked as a developer at IBM and as consultant at Deloitte before joining Airbnb as a software engineer in2011.  Armstrong focused on fraud prevention in Airbnb.  It gave him the opportunity to learn about payment systems across the 190 countries Airbnb serves.

In 2012, he co-founded Coinbase.  They gave cryptocurrency enthusiasts the opportunity to trade in the USD for bitcoins, and later, the cryptocurrency of their choice. The company now provides custody for more than $10 billion in digital assets.  It serves over 20 million customers in 32 countries.

More About Coinbase

Coinbase was valued at $1.6 billion, following $100 million funding round in August 2017.  The company unveiled an early-stage fund for cryptocurrency startups in April 2017.  They then acquired Earn.com for $1oo million.  As part of the acquisition, the company the company bought Balaji Srinivasan as its first CTO.

There are also reports that Coinbase approached the SEC to become a licensed brokerage firm and electronic trading venue. It would allow the company to expand beyond the four coins that trade on the platform now.

The company will be offering a new suite of services aimed at institutional investors, who are beginning to warm up on cryptocurrencies.

The Future Of Cryptocurrencies

In an interview, Coinbase CEO and co-founder Brian Armstrong discussed how Bitcoin and other cryptocurencies are becoming the next generation stockmarket.  He discussed details which will allow traditional investors and institutions to buy and store cryptocurrencies securely.

It cannot be denied that today’s world is a world of modern technology.  To be able to cope up and stay connected with the world today, we need to adapt and adjust.

 

 

 

Microsoft Bans Cryptocurrency Ads on Bing Search Engine

After Facebook, Twitter and Google, Microsoft jumps in the bandwagon and bans cryptocurrency ads from Bing.

Microsoft is the latest tech giant to make a move against the promotion of cryptocurrency. In an official blog post, Melissa Alsoszatai-Petheo, Advertiser policy manager at Microsoft explains why.

“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users.”

“To help protect our users from this risk, we have made the decision to disallow advertising for cryptocurrency, its related products, and un-regulated binary options,” she added.

Bing is the second most popular search engine after Google.

Facebook first made a move in in January, banning ads promoting cryptocurrencies, including Bitcoin and ICOs. The search giant Google announced their own ban in March with implementation starting in June.

Twitter also announced their ban on crypto, token sales and ICO advertisements on its platform.

According to the blog post, Microsoft’s ban will be implemented globally in June. Its enforcement set to roll out in late June and early July. The company claims that Bing has already rejected about 25 million ads in 2017 related to tech scams.

It will definitely be interesting to observe what direction these bans will go. Recently, rumours have been suggesting that Facebook is planning to launch its own cryptocurrency. If this indeed comes to light, that’s 2.9 billion possible users with access to a cryptocurrency. Do you think these bans will be lifted then?

Let us know!