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Blockchain wallet introducing Buy/sell feature for clients

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Earlier today, Blockchain, one of the largest Bitcoin wallets around the world announced that they are introducing buying/selling of Bitcoin and other crypto currencies for its users.

Official Announcement 

Earlier today, we announced a partnership with SFOX that lays the groundwork for our users in the US to seamlessly buy and sell digital assets with greater reliability and without compromising user security or control.

At Blockchain, we are on a mission to build an open, accessible, and fair financial future, one piece of software at a time. This announcement brings us one step closer to realizing that mission by making the exchange of digital assets fast, easy, and inexpensive for millions of users across the US.

Starting today, users in 22 states will have the option to sell bitcoin quickly and easily.

And this is just the beginning; in the coming weeks, users will also be able to buy bitcoin, and buy and sell other assets like ether and Bitcoin Cash. As always, we’ll keep you posted while we roll out these features. In the meantime, we welcome your thoughts on how we can continue to improve.

Not in the US? Users in Europe and India are already able to buy and sell bitcoin. As we continue to expand to new countries

Blockchain targeting Coinbase

From Thursday, Blockchain’s U.S. users will be able to sell their bitcoin, with the buying function coming at a later date.

Many users in the U.S. have complained about services that offer cryptocurrency trading, citing issues around being able to withdraw money or get liquidity. Given that backdrop, Peter Smith, CEO of Blockchain, said it’s better to start with just offering a sell service as it helps to control the launch in the U.S. and make sure people have a good experience.

“If we are prioritizing short-term gains, we would prioritize buy ,that is what most people have done. But it’s really time to make sure we nail that experience,”

Smith said that “in a few weeks” Blockchain will add other cryptocurrencies to its platform to buy and sell.

 

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Crypto market stabilizing gradually

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Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.

Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.

Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.

EOS

Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.

Current top 5 crypto currencies

  1. Bitcoin : $9388
  2. Ethereum: $741
  3. Ripple: $0.83
  4. Bitcoin Cash: $1630
  5. EOS: $18.28

 

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Take a Crypto Pill

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Crypto Pills

Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.

Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.

First South Korea and now US

First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.

HODLers will take over market soon

Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.

 

 

 

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Venezuela is the cheapest country to mine Bitcoin

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Cost of mining one Bitcoin in Venezuela is just $531 

Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170

After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.

Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.

Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland

Bitcoin mining leading surge in global electricity consumption

 

 

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