This Artist Hides Bitcoin in Digital Paintings – If You Solve It, You Keep It

Bitcoin Puzzle Solved

Want some free Bitcoin? You’ll have to solve a puzzle first.

Artist Marguerite deCourcelle, also known as coin artist, has been hiding Bitcoin in digital paintings for years. Her third Bitcoin puzzle, released in April 2015, has finally been solved. Whoever solved the puzzle remains a mystery but they are now the proud new owner of around $50,000 worth of Bitcoin.

The Bitcoin puzzle series, “The Legend of Satoshi Nakamoto”, has been going on for a long time. It took nearly three years for the third puzzle in the series, “TORCHED H34R7S”, to be solved. When deCourcelle and her team originally placed the key to the Bitcoin wallet into the digital painting, the wallet contained 4.87 Bitcoins – which was, at the time, worth about $1,400.

Source: Twitter

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We can see from the wallet, known as 1FLAMEN6, that the prize has indeed been claimed:

Source: blockchain.info

>> India threatens ban of crypto

Nothing now remains in the wallet. The new Bitcoin owner must be thrilled to have solved such a mystifying and captivating puzzle for the crypto community.

Interestingly, in November 2017, the wallet saw its first signs of activity since the puzzle had been released – not in the form of someone claiming the Bitcoin, but someone actually depositing more in! This mystery was revealed to be part of a Bitcoin hack that’s been quietly haunting the crypto world.

It worked out for whoever solved the puzzle, though, because it meant there was more Bitcoin to claim.

While the identity of the puzzle solver will remain anonymous, the solution for “TORCHED H34R7S” has now been released and it is quite the solution! From Shakespeare to keys acting as literal keys to coded flames, this solution has it all.

For those hoping to have solved the puzzle themselves, the chase isn’t over yet! deCourcelle’s team is developing a new crypto game, called “Neon District”, this one with 15 ETH hidden within. “Neon District” is part of a crypto RPG that is riddled with easter eggs like this.

Source: Twitter

As an avid puzzle solver myself, this is an extremely fascinating concept – and probably the closest us puzzle enthusiasts will get to feeling like Indiana Jones! I doubt I’ll ever be able to figure it out, but maybe some of you out there will have better luck.

Happy puzzling!

>> Read more about the crypt game “Neon District”

Feature image: twitter

Bitcoin Price: What’s The Chance Of Bouncing Back?

Bitcoin Price Plunge

Bitcoin price plummeted below the support level of $8000 for a third time today. The huge volatility in crypto markets wiped off more than $417 billion from the total market capitalization in the last month alone making this bitcoin price plunge one of the greatest yet.

Consequently, the broader selloff has pulled back the cryptocurrency prices at the lowest level in the last three months.

Bitcoin price plunged below $8,000 during the Friday trade, and although bounced back above $9,000 over the weekend, it has again dipped below $8,000 today. After those dramatic swings, it is currently trading in the range of $7,400. 

Bitcoin Price Plunge

How The Chinese Regulations Led the Bitcoin Price Plunge:

China, which has recently expressed strong concerns over the cryptocurrency trading, is now planning to impose a complete ban on domestic and international cryptocurrency trading platforms.

Based on the local media reports, the Central Bank of China is likely to block all platforms related to the issuance of initial coin offerings (ICOs) and cryptocurrency trading. Already, China has banned cryptocurrency trading in domestic markets. But now, the country has extended the concentrated efforts to foreign platforms too.

>>What Is France’s Stance On Bitcoin Regulations?

The Financial News reported: 

“In the future, any related (platform) will be closed as soon as it is found. At the same time, further regulatory measures will be taken with the future development of the situation,” 

Bitcoin Price Plunge

Last week, comments from the Indian finance minister created the huge crash in prices. During the budget speech, he stated that “the country wants to eliminate the use of digital currencies in criminal activities”  and this plunged the bitcoin price below $8,000 for the first time on Friday since November 24.

Why Is The Upside Limited?

Cryptocurrency mania seems to be ending over the last month. After South Korea, several major institutions have stressed for the strict regulatory actions against the cryptocurrencies. The largest U.S. banks such as Bank of America and J.P. Morgan Chase, have stopped their customers from buying cryptocurrencies using credit cards. Following that trend, the U.K. lender, Lloyds Banking Group, has also implemented the same policy. The signal is clear; there is less trust in cryptocurrency markets.

Featured Image: twitter

UPS to Accept Payment in Bitcoins? It’s On the Horizon

UPS

Another shipping company has now joined the global blockchain revolution, this time it’s UPS. According to a filing with the U.S. Patent and Trademark Office (USPTO), the global shipping giant is considering setting up a system of locker banks so that it could take in Bitcoin as payment.  

>>Bitcoin Price Analysis – Can BTC/USD Rebound?

Here’s how it works: As outlined in the USPTO filing document, a seller can leave an item inside a locker (which can be rented) for the buyer to pick up later-on by entering the designated payment, thus completing the transaction.

The aim is to create a point-of-sale (POS) system that accepts the following payment methods:

  1. Cash transaction
  2. Credit or debit card transaction
  3. Gift certificate
  4. Electronic payment (Google Pay, Apple Pay, PayPal, Bitcoin, etc.)
  5. Any other suitable type of payment

However, only time will tell whether this kind of locker bank system will appeal to the general public and whether people are willing to use Bitcoins to pay for UPS packages.

This is not the first time that UPS expressed its intention to dabble in the blockchain industry. In November, the company joined a blockchain consortium called the Blockchain in Trucking Alliance, focused on the trucking and shipping industry.

On joining the consortium, Linda Weakland, UPS director of enterprise architecture and innovation, stated:

“The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply chain stakeholders.”

>>The Best Cryptocurrency Memes in 2018 (So Far)

With today’s announcement, we are starting to see a trend where shipping companies — which make up a vital part of the global economy — are leaning towards using Bitcoin as a mainstream method of payment.

Over the past two years, more than 50 filings released by the USPTO mentioned the leading cryptocurrency as a possible inclusion into their payment systems (such as Bank of America).

Earlier today, FedEx also made significant progress in developing a blockchain-based platform for its daily business operations. It might not be long before the entire sector moves into the blockchain technology.

Featured Image: twitter

Buterin Warns Ethereum Coins (ETH) Could Reach $0 at ANY Time

Ethereum coins

Ethereum coins, as well as all other cryptocurrencies, could possibly hit $0. The Russian-Canadian founder of the second largest cryptocurrency put out a striking statement to his Twitter (NASDAQ:TWTR) followers two days ago. Vitalik Buterin warned cryptocurrency investors of the market’s still new and highly volatile nature. He expressed his concern with seeing individuals investing more than they can actually afford.

Buterin’s post read:

“Reminder: Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don’t put in more than you can afford to lose. If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.”

The 24-year-old programming genius has spoken. While many have made considerable amounts of money day trading altcoins, the danger still remains. There have been many individuals that have hit it big gambling but it doesn’t mean that it isn’t extremely risky. Hopefully, uneducated investors dipping their toes in the cryptocurrency market will heed the founder’s warning.

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Ethereum (ETH) Update

On February 16th it was announced that six large-scale blockchain projects have allocated $100 million to go towards the Ethereum ecosystem. The six projects include Golem, Maker, OmiseGo, Cosmos, Riden and Global brain. These groups have officially created the Ethereum Community Fund (ECF) and hope to seek the current scalability issue present with the Ethereum network. Vitalik Buterin will advise on this fund and commented on it by saying“Ethereum has grown beyond my expectations over the last few years, but the work is clearly not finished. Delivering value that matches the hype should be the mantra of 2018; efforts such as the ECF which help organize the development of the ecosystem are going to help to make that possible.”

It remains unclear as to which project will be funded initially but it is aimed at enticing developers to help solve the current issues within the platform. Many of Ethereum’s rivals that offer similar smart contract applications, like NEO and Lisk (LSK) have already solved the issue of scalability with side chains. Hopefully, this funding initiative can help aid in the completion of the testing phase of Ethereum’s scalability “sharding” protocol.

At press time, ETH is trading at $945.61, up 0.45%, in 24 hours.

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Featured Image: Home Alone. 20th Century Fox. 1990 

Mining for Charity: UNICEF’s Ethereum Donation Drive

Game Chaingers

Game Chaingers

Image Source: MMORPG.com

It’s doom and gloom on the cryptocurrency market today as Bitcoin (BTC) and its peers have suffered sharper price plunges than ever. But it isn’t dissuading the United Nation’s Children’s Fund (UNICEF) from launching a new drive – cleverly-named Game Chaingers – which will see PC gamers mine for charity and donate their earnings to Syrian children.

The campaign is targeted at gamers who own high-performance graphics cards which could be used to mine cryptocurrency; namely Ethereum (ETH). It works like this: kind-hearted users can head to the Game Chaingers website to download the Claymore mining software. Then, when users are sleeping or otherwise not using their computer, they simply turn the software on and let it do its thing. It will automatically use the power from the system’s graphics card to mine Ethereum and donate the money earned to UNICEF’s electronic wallet. UNICEF will then use the money to support its campaign to help 8.3 million children in need of aid in the Syrian war – what they call ‘the most appalling humanitarian crisis of the past twenty years.’

>> Bitcoin Price: What’s the Chance of Bouncing Back?

So what’s the downside? In essence, the only thing the user is donating from their own pocket is the cost of the electricity used, which is actually very little indeed. UNICEF say a user will consume as much power as they would ‘playing a new and resource-hungry video game’. To put it another way, to run the program 24h-non stop using a Nvidia GTX 970 graphics card would cost a user living in France about 0.54 Euros, the charity claims.

At the time of writing, 395 contributors have raised nearly 850 Euros in the drive which began only three days ago, February 2nd, and will run to March 31st – 54 days from today. According to UNICEF’s statistics, this has generated a total of 2441.67 MH/s (megahash per second); a unit used to describe mining power.

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This isn’t the first time software has been used by companies to make use of personal computing power – whether the owner is willing or not. Hackers recently placed malware into Youtube adverts which would secretly use an average user’s PC to mine cryptocurrency. Happily, UNICEF’s method is strictly voluntary and can, of course, be stopped at any time. The more people get involved, the more Ethereum can be mined and the load shared more equally among participating systems.

So, if you want to brighten your day amid the cryptocurrency crumble, join the growing pool of benefactors to UNICEF’s cause. And who knows? Maybe it could see Ethereum recover faster than its peers…

Featured Image: twitter

Ethereum (ETH) Remains Strong Despite Panicked Market

It’s been a tough day on the cryptocurrency market, as rumors flew of yet another “ban” on cryptocurrency. Various news outlets claimed early this morning that India’s Finance Minister, Arun Jaitley, said that the country would be banning all cryptocurrency assets. However, that was not the case but it seems like a group of investors have believed the sources without doing any sort of research of their own. In a budget meaning this morning the minister said:

“The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore the use of blockchain technology proactively for ushering in the digital economy.”

>> Will Ethereum Pass Bitcoin?

How the news media could twist this, is beyond me but it did not bode well for the entire cryptocurrency market. The market has dropped around $50 billion USD, in just 24 hours as investors began panic selling once more. India currently holds 10 percent of all bitcoin transactions, and why the market was spooked is beyond me.

Source: CoinMarketCap

As you can see from the chart above, the top ten cryptocurrencies are taking a major beating today. However, Ethereum seems to be the strongest out of the group with it being just under the -10% mark. Ethereum’s team of developers are currently working on implementing a protocol desperately needed for the scalability of the Ethereum blockchain. Ethereum’s Founder, Vitalik Buterin, said that its final stage of the new protocol is just about finished and the test net should be ready to go shortly.

That is exciting news for ETH holders. If its team of developers can get fix its scalability issues before Bitcoin’s, the cryptocurrency could become the largest by market cap for the very first time. Currently, it’s only around $50 billion away from passing the original cryptocurrency.

Despite major selloffs across the board, it seems that a group of Ethereum loyalists are sticking behind the project and holding tight to their ETH. Ethereum is the altcoin to watch in the near future, as it just might pass the long-standing leader.

Thoughts? Leave them in the comment box below!

>> Ethereum’s CryptoKitties Latest News

Featured Image: NewsBTC

  • Hey
    guys… i m sorry i m new here but i have a serious problem and i am
    reaching out to all the crypto communities in hope somone understands my
    situation.

    Last year i lost my job, could find anotherone and my
    gf got pregnant. Then with all the hype i got greedy and bought a few
    days before crash, put pretty much all i had into a few coins. Now you
    can imagine where this is going. I had to sell in the dip just to keep a
    roof over my head, but i m still hodl a tiny amount in hopes i get a
    break once in my life. And now my gf is due in two weeks and i have no
    idea how i am gonna pay rent next week.

    So if anyone can help just
    a tiny bit so can get throu the next month. Sorry and i feel emberrased
    about it but i dont know what else to do.

    My ETH adress is: 0x0CcCf37e33164A788624113d7B564cAe32FAB8F6

    Thank
    you anything and everything is appreciated…

Ethereum Price Stable Despite Controversies and Regulatory Concerns

Ethereum Rebounds

If one thing can be certain this week, it is that Ethereum rebounds well. Ethereum (ETH) price continues gaining momentum despite the broader selloff in cryptocurrency prices. After declining sharply in the beginning of this year and making sideways movement during the second half of January, Ether price now continues to trade above the $1,000 mark. 

Ethereum Rebounds

source Image: coinmarketcap.com

Currently trading at around $1103 (almost equal to the Wednesday trade), the price is up significantly in comparison to last months low of $811. Ethereum is growing again while other cryptocurrencies are declining at a hefty pace; Bitcoin (BTC) and Ripple (XRP) have hit their lowest levels of this year during Thursday trading.

So Why is Ethereum Stable?

Several analysts and rating agencies place Ethereum at the top of the cryptocurrency list. According to reports, several factors are considered, including technological innovation, risk, and other fundamentals, while Bitcoin and Ripple are placed in second and third respectively.

>> Rating Agency Ranks Ethereum Above Bitcoin.

After the ban on anonymous trading and strict regulatory requirements from South Korean, CoinMarketCap has again started counting South Korean exchanges in calculating the global average. The additional volume from South Korean markets has provided a support to Ethereum price, as the Ether coin continues to trade at a premium in South Korean markets than other exchanges. 

CoinMarketCap had eliminated South Korean exchanges early in the last month, which caused a huge dip in Ethereum prices.

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Ethereum trading volume topped $4.3 billion in Thursday trading, higher from yesterday’s volume of $3.8 billion. The growth in volumes signals stronger demand for Ethereum.

Moreover, the impact of the Tether controversy seems to have a lower impact on Ethereum, when compared to Bitcoin. Tether coin was mostly used to buy Bitcoin in Bitfinex exchange to create an artificial price hike.

Bitcoin and Other Cryptocurrencies are Tumbling

Ethereum Rebounds

source Image: coinmarketcap.com

Over the last couple of days, bitcoin lost the momentum amid Tether related controversy and regulatory concerns. The potential ban from India also strongly impacted trader’s sentiments in Thursday trading, leading bitcoin to drop below the $9,500 level. Ripple declined more than 11% that same day, and Bitcoin Cash (BCH) and Cardano (ADA) are still falling at a double-digit rate.

  Featured Image: Depositphotos/© macondos

CryptoKitties will Break Into China with Huge Partnership

The first blockchain game CryptoKitties exploded onto the cryptocurrency market in late November 2017. To date, the game has 274,615 sales with over $19.35 million USD sold.  Built on the Ethereum blockchain, CryptoKitties uses Ether (ETH) as its in-game currency. The top digital cat within the entire game sold on December 6th, 2017, for 253.33 ETH which at the time, was worth $110,707.16 USD. That same cat is now worth $299,444.07 USD.

>>Read More About How CryptoKitties Works

Those numbers suggest that the game has been a massive success thus far. Following on from this, it was announced that the game developer Animoca Brands agreed to purchase a 60% stake in US-based-company Fuel Powered. Fuel Powered currently has commercial agreements with Sega and Vancouver-based Axiom Zen. Axiom Zen, the publisher of CryptoKitties, finalized an agreement with Animoca to distribute the game across China.

In an exclusive interview with CryptoCurrencyNews, CryptoKitties co-founder, Benny Giang, said: “We’re incredibly excited to show China and the rest of the world that blockchains potential goes beyond cryptocurrencies like Bitcoin.” 

>>CryptoKitties Slowed Down Ethereum’s Network

Scalability

The biggest obstacle CryptoKitties faces is the current scalability crisis of the Ethereum network. At one time back in December, the CryptoKitties smart contract took up nearly thirty percent of the total transaction count on the Ethereum blockchain. The network started to clearly show its scaling issue as transactions began backing up daily (at one point reaching almost 30,000 transactions).

That’s something the current Axiom Zen team is focused on. Currently, there are more than 320,000 players on the CryptoKitty game, but Mobile app games in China have millions of users daily- for a blockchain game that is huge. In an interview with TechNode Giang explained: “If we’re talking about the blockchain, Ethereum can’t handle millions of users at this point nor can any blockchains available now that are in full production.” He goes on to state that since the launch of CryptoKitties Axiom Zen have designated a specific team for scalability, that this team’s primary focus is exploring long-term scaling solutions and is taken “very seriously.”

With China’s most recent crackdowns on cryptocurrency, it has slowed Axiom Zen’s progress. However, the team is currently in negotiations with game publishing companies and is talking with lawyers on how to proceed. The team has been building a lot of functions and features within the current game that will be specific to the Chinese market and believe the Spring Festival might be the right time to launch.

Featured Image: CryptoKitties

  • BRING it on Bitcoin cash! it can handle it! it can handle more the more we use it!

  • $19.35 billion? Are you sure, I think it’s million. Great article. I enjoyed the read. I have crypto kitties, it’s become easier to play now that their is less congestion.

  • Thanks for that!

Will Ethereum (ETH) Pass Bitcoin (BTC) This Year?

Pass Bitcoin (BTC)

2017 was the breakout year for cryptocurrency. Starting at the beginning of the year, the total market cap for all cryptocurrencies was just over $17 billion and at the end of December, it reached just under $600 billion. Bitcoin (BTC), the original cryptocurrency, from the year 2013 to the beginning of 2017, held almost 90% dominance of the total market.  Currently, BTC only holds 34.4% dominance. As cryptocurrency gained mainstream attention, Bitcoin slowly started losing the market cap dominance as individuals started buying up the less expensive coins to get their hands in the market. 2018 is shaping up to be the year of the altcoins, as you can see from the chart below. Bitcoin’s growth has slowed since it’s Bitcoin futures contracts launched on two Wall Street exchanges, mid-December. I would like to add, however, that BTC is still up over 1100% for the year in growth. Many who got in early investing in Bitcoin, made a serious profit last year.

More BTC News >>

Source: CoinMarketCap

As investors seek the “next Bitcoin”, Ethereum has held slow dominance. It was passed by Ripple (XRP) briefly two times in a years time, in May of 17′ and a week and a half ago. However, currently, it remains the clear second on the market by almost $60 billion. Both development teams on Bitcoin and the Ethereum network are facing the same issue, scalability. Transaction times on the Bitcoin blockchain have slowed exponentially and yesterday transaction times were around 2,000 minutes. The current fees associated with withdrawing Bitcoin and converting it to your fiat currency on Coinbase is currently around 60% (BTC/CAD). This is to cover the cost of the slow transaction time and the high fee. Bitcoin.org has even changed their website’s language, as you can see from the comparison photo below.

The lightning network is the project that is supposed to speed up the current Bitcoin blockchain, by adding a “layer” to the top of it for micropayments. Its current test net is running and it is being used but has endured several bug issues.

ETH News >>

Source: CCN

Ethereum’s main development team is working on scaling the Ethereum blockchain by way of quadratic “sharding.” In a Github post posted two days ago, the founder of Ethereum, Vitalik Buterin, points out the specs as to what sharding will look like. He held a developer meeting recently and anticipated that the fourth phase should be completed “in a month and a bit.” “Then from there we’re going to try and shard it into a working test, a kind of test network,” Vitalik said. If the Ethereum team can get this up and functioning faster than the lightning network, this could mean big things for the cryptocurrency. As you can see from the chart below, Ethereum’s market cap is just under $84 billion from Bitcoin’s market cap and could very well pass the coin this year. What do you think? Leave your thoughts in the comments below.

Source: CoinMarketCap

Featured Image: Dnevnik

Ethereum Price Silent, World Leaders Expressing Concerns in Davos

Ethereum Price

Global leaders gathered in Davos to share their opinion on the global economic activities. And, as expected, leaders are frequently talking about the cryptocurrency phenomena. From country’s head to economists and treasury secretaries, everyone is talking about cryptocurrencies.

Ethereum price, which has always been responsive to market news’ and economists comments, is trading in the narrow-range, amid leaders comments on cryptocurrencies.

After increasing substantially in the last twelve months from $8 to an all-time high of $1400 on January 15, Ethereum price continues to trade in the range of $1,000 mark.

Source: CoinMarketCap

Ethereum traders are analyzing global leader’s opinion on cryptocurrencies. These influential’s are policy-makers and their remarks always have the potential to set the market tone for any asset.

There are two meetings in Davos that could have a significant impact on ethereum prices:  The Remaking of Global Finance and Crypto-Asset Bubble.

Although global leaders and economists are praising the innovative blockchain technologies, they aren’t passing great remarks for cryptocurrencies.

Talking to different media outlets in Davos, Nobel Prize-winning economist Robert Shiller, said: “Bitcoin might totally collapse and be forgotten and I think that’s a good likely outcome but it could linger on for a good long time, it could be here in 100 years.”

Analysts and participants at World Economic Forum are also discussing the implications of what if cryptocurrencies collapsed.

For instance, The British Chancellor of the Exchequer, Philip Hammond, believes that it’s wise to deal the cryptocurrency issue sooner than later. Philip thinks that the global community shouldn’t let bitcoin and other cryptocurrencies prices to grow to a level where it could create a huge impact on the global economy.

On the other hand, participants are also focusing on the role of regulators in cryptocurrency markets and tax collection. Up to now, cryptocurrency traders aren’t reacting strongly to global leader’s comments and the markets are trading in narrow ranges with few sideways movements.

Featured Image: twitter