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Crypto News

Bitmain Crypto Mining Equipment Manufacturer Expands In Israel And Diversify Its Investments

The Chinese company Bitmain, the largest manufacturer of crypto mining equipment, will triple its workforce at its headquarters in Israel. The company revealed that it would hire 40 professionals to reinforce the staff of 15 currently working in its development center in the city of Ra’anana, in the Central District.

Bitmain, recently valued at $12 billion, told the Globes portal that it would recruit blockchain researchers, senior security and software engineers, marketing staff, Python and JavaScript programmers, and quality control staff, who will be led by Gadi Glikberg, the development center administrator and vice president of the firm.

Bitmain crypto mining equipment manufacturer, far from being cautious about the behavior of the cryptocurrencies market in 2018, has shown signs of continuing to grow and diversify. According to Glikberg, the company has received a significant boost since last year, “as a result of the growing adoption of blockchain technology in general and of cryptocurrencies in particular.”

At the beginning of the year, it became known that Bitmain was building its new headquarters in Switzerland, specifically in the city of Zug, the famous “CryptoValle,” to serve the European market better.

Bitmain, world’s leading crypto mining equipment manufactures, is investing in many cryptocurrency-related projects

In addition to the expansion plans for its headquarters in Israel, the Bitmain crypto mining equipment producer has recently invested in several projects.

In early July it announced the intention to invest $50 million in Opera Ltd, which would give the company shareholder control of the firm behind the Internet browser.

Also, on July 16th, Block.one, the developer of the blockchain EOSIO protocol, the engine of EOS (EOS), said in a statement that Bitmain, along with three other major investors, led the last round of financing for the company. About this investment, Jihan Wu, co-founder of Bitmain, said that “the EOSIO protocol is an excellent example of blockchain innovation.

After its last round of funding, where it raised more than $400 million, representing a $12 billion valuation for the startup, Bitmain officially became the most significant global conglomerate of Bitcoin (BTC) and crypto mining.

Bitmain markets hardware dedicated to the crypto mining, and currently controls 80% of this market. The company was founded by Jihan Wu and Micree Zhan in Beijing and has offices in Shenzhen, Shanghai, Chengdu, Hong Kong, Fuzhou, the United States, Israel, the Netherlands, and Switzerland.

Categories
Crypto Markets News

SBI Holdings Officially Opened Its VCTRADE Crypto Exchange To The Public

After announcing its launch in June and after months of delays, Japanese financial services corporation SBI Holdings finally opened its crypto exchange platform to the public. With the implementation of the project, the financial institution becomes the first bank to offer this type of service.

Named VCTRADE, the crypto exchange platform began operating on Tuesday, July 17th, according to a statement issued by the company through its website, which reports that the institution launched the process for receiving applications and opening new accounts.

Starting accepting applications to open new accounts with our virtual currency exchange service (VCTRADE) today. Account opening is available for people aged 20 to 70 living in Japan. Applications to establish corporate client accounts are not currently accepted.

SBI Holdings

SBI Holdings put its system into operation last June. However, the procedures were only available to those users who signed up in October, when the call was made.

SBI Holdings VCTRADE cryptocurrency exchange allows XRP (XRP), Bitcoin (BTC), and Bitcoin Cash (BCH) trades against the Yen

In total, more than 20,000 customers answered the call and began trading with XRP (XRP), formerly known as Ripple (XRP), in exchange for Yen, the official currency unit of Japan. Although the company initially offered only transactions with XRP, it later added support for Bitcoin (BTC) and Bitcoin Cash (BCH).

As you may recall, the company issued a press release in June of this year informing that it had completed the requirements and paid all the fees required by Japanese law to start operations. In 2016, SBI Holdings laid out a practical route for the creation of its crypto exchange platform. Almost two years ago, they created SBI Virtual Currencies as a first step to launching the new platform on Tuesday.

Other projects such as SBI Crypto, SBI Wirex Asia, SBI Capital Base, BCause, and Digital Asset Exchange were also announced by the bank last year. Each of these initiatives seeks to cover the entire spectrum of cryptocurrency.

SBI Holdings movements in the world of cryptocurrency have also included the purchase, in March, of 40% of CoolBitX, a Taiwanese company dedicated to cold wallets. Another of the corporation’s announcements consists of the one made in April of this year when it was announced that SBI’s Russian subsidiary, known as SBI Bank LLC, established a working alliance with the R3CEV consortium with the intention of using blockchain Corda for its operations.

Categories
Crypto News

FCoin Cryptocurrency Exchange Buy Back Its FT Tokens To Finance A New Investment Fund

The Chinese cryptocurrency exchange platform FCoin announced the creation of a new investment fund to support a group of previously constituted token funds, selected to continue investing in blockchain technology projects. The capital for this support will come from the repurchase of its FT tokens on the secondary market.

The announcement, dated July 13th, states that the repurchase will be, in an initial phase, 100 million FT tokens. According to information published on FCoin official website, this operation is intended to encourage project fund participants to adopt FT tokens to raise financing capital.

To operate this parent fund, they will establish an “FT Trading Area,” which will be accessible to participants in projects that have managed to raise more than 3 million FT tokens from the fund. However, they noted that they would make further announcements later on on the relevant rules of the “FT Trading Area.”

FCoin cryptocurrency exchange has been the subject of several controversies since its launch last May

FCoin’s business model, where the cryptocurrency trading is, at the same time, used as mining, was questioned by the crypto community as not sustainable over time. Recently, the startup launched a competition to develop a ranking of accumulated deposits, which congested the Ethereum (ETH) network.

The recent significant increase in Ethereum’s fees was analyzed by a Reddit user, who pointed out that it was related to the competition launched by FCoin.

As the user stated in a publication two days ago, 40% of the network was being used by a contract for an ERC20 token called “IFishYunYu,” which has no features. However, a significant number of accounts he calls “mysterious” were sending massive amounts of this token, apparently to transfer individual tokens to the FCoin cryptocurrency exchange, which are distributed in different directions and then returned to the primary address.

That would have meant that in 24 hours around 50 ETH per hour would have been paid in fees.

The high volume of transactions in the Ethereum (ETH) blockchain, generated by the FCoin cryptocurrency exchange, are caused by the startup business model, as the ranking depends on the accumulation of deposits on the platform.

Categories
News Tech

Best Choices of VPN for BitTorrent Users in 2018

If you are a user of a BitTorrent protocol to download music, movies or games, you need to be aware of the fact that having the best VPN is really a necessity these days. With an increasing focus of media companies on torrenting, the IPs of users are being collected by them, which might result in a legal notice. All those who do not use any VPN are at risk, and their identity could be compromised.

Luckily, VPN can keep you safe while you are using torrents. In this article, we will talk about the four best choices when it comes to VPN.

ExpressVPN

Based in the British Virgin Islands, this popular VPN offers a great speed, allowing you to download even large files in no time. The great thing about ExpressVPN is that it doesn’t keep any history of your connection and activity logs. This and a very strong encryption will make your torrenting completely safe. We should also mention that this VPN allows you to pick the server you want to connect to, giving you a choice of more than 2000 servers in 94 countries.

NordVPN

This VPN has even more servers than ExpressVPN, around 4300 of them, located around the world. All these servers are fully supporting unlimited bandwidth and speed. NordVPN provides double data encryption in addition to shared IPs: your data is not being converted into a code, but your IP is instead being replaced with their own IP.

ProtonVPN

Provided by ProtonVPN AG from Switzerland, this VPN does not record any logs, and its architecture prevents any hacker activities. ProtonVPN currently has over 200 servers in at least 28 places worldwide.

StrongVPN

Based in Texas, this VPN has more than 650 servers located in 26 countries. It provides a very high level of security, but its users love StrongVPN for something else: it is able to bypass Netflix US’s restriction.

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I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

Categories
Games News

Minecraft Confirms Super Duper 4K Graphics Pack Release

Minecraft has confirmed the release of the Super Duper 4K Graphics Pack. According to reports, the new pack will be released next year instead of this year. Speculations regarding the pack were there since 2017 and it seems like it is finally making it’s way officially.

The 4K pack is said to be good for those who need something reliable, something steady and want to make sure that their game gets a boost as far as graphics are concerned. Many people will agree that the current graphics of the game might not be the ones that everybody looks out for. However, not anymore, because the Super Duper 4K graphics pack is targeted towards improving the graphics of the game, by in large.

If you are a minecraft PC player, there is an alternative for you, created by some private developers, Shaders Mod adds graphical improvements such as shader, reflexes, hd textures and realistic water. They can be downloaded totally free.

Who Is It For?

The Super Duper 4K Graphics Pack is for those who want a big change in the graphics of their game. If you want to enhance what you look at, see how it looks and other graphical details, this is probably a better choice of update for you because it offers and brings a range of improvements including improved lighting, realistic sets, streaming sun beams, swaying grass and more

The pack is targeted towards improving the graphics of the game and that is where you can experience a big improvement after the update rolls out.

When Is It Coming?

The update is said to grace us officially by next year. There were talks about the update coming forth in 2017 but 2017 passed and we saw nothing. There was also news regarding the update coming forth in 2018 but again, there was nothing. Now it is being confirmed that the update will grace us by next year and people cannot wait.

Is There A Price Tag?

Yes, there is a price tag on the Super Duper 4K Graphics Pack. It is being reported that the pack will cost you somewhere between $15-$25, which is not at all bad, considering that the pack will bring some major improvements as far as the graphics of the game are concerned.

The pack does not touch any other domain of the game but the graphics side. However, some feel that graphics were the ones that needed the most boost so it is a win-win situation with the update for most.

Is It Different For PC Players/Xbox Players?

PC players have been fortunate to experience the boost in graphics on their platforms with the update but the new Xbox One owners still wait for it. There is no confirmation regarding when the update will come to PS4 or Nintendo Switch.

Minecraft gets the much needed and necessary update with the Super Duper 4K Graphics Pack slated for 2019 release. The update is going to bring a lot of fixes to the current game as far as the lighting, graphics, scenes and other things are concerned. It is also being hoped that there are no further delays in the release of the update and that users get the update by next year.

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

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