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August 2011

BrewDog Extends Its Crypto Investment Opportunity “Equity for Punks”

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BrewDog

BrewDog

The Scottish craft beer company BrewDog has announced it will be extending its groundbreaking cryptocurrency investment program “Equity for Punks” until April next year.

The program, which was originally intended to end on July 5 this year, allows investors to buy BrewDog shares using a variety of cryptocurrencies. These include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), OmiseGo (OMG), QTUM, 0x, and Bitcoin SV (BSV).

BrewDog is a multinational brewery and pub owner founded in 2007 with pubs in over 50 locations throughout the United Kingdom and 24 locations internationally. As a company that has always upheld unconventional values, it sees parallels between its beliefs and those of the cryptocurrency industry. Discussing the company’s growth and achievements over the past decade, BrewDog co-founder James Watt said:

“Cryptocurrency is exactly the same. If you embrace change to subvert the mainstream we are in your corner; whether your weapons of choice are malt, hops, yeast and water or blockchain.”

In 2018, BrewDog launched the investment scheme, Equity for Punks, as a way to give average citizens an easy way to buy shares in the company and join the BrewDog community. Since its inception, the Equity for Punks scheme has raised over £72.1 million from 114,000 individual shareholders, selling shares at £25 a piece.

The scheme also hosts a range of additional benefits for its ‘community members’ in the form of occasional free products and discount offers. Earlier this year, BrewDog ran an ‘honesty payment’ promotion called The Honest to Dog scheme that ran from June 3–9. Shareholders in the Equity for Punks scheme were given the opportunity to choose how much, or how little, they wished to pay for their beer at all BrewDog pubs (excluding Scotland due to government regulation).

Growing Crypto Interest

It seems companies around the world are finally beginning to embrace cryptocurrencies, one decade after Bitcoin came into existence in early 2009. The most notable of these is Facebook, which intends to launch its own cryptocurrency, Libra Coin, in 2020. While the development has been met with some controversy and widespread criticism from the cryptocurrency and banking communities alike, it’s a strong indication of just how popular crypto is becoming.

>> GBTC Makes Massive Move Thanks to Crypto Bull Market

One of the major stepping stones for widespread adoption of crypto is retailers’ ability to legally and successfully integrate the technology into their systems. However, in 2019, cryptocurrency adoption is steadily increasing due to changing mindsets amongst lawmakers and growing interest from financial institutions. Government agencies in the EU and around the world have finally begun to draw up clear and precise legal and regulatory requirements for cryptocurrency use in businesses, giving many the green light to get involved.

These days, more and more retailers are beginning to use crypto payment gateways like Coinpayments and CoinGate to enable their customers to settle in cryptocurrency. Recent improvements in blockchain technology mean the payment gateways can quickly and easily be integrated into any retail website or point-of-sale (PoS) system, making crypto payments as easy as using a credit card or Paypal.

Disclaimer: I am not affiliated or associated with BrewDog, and currently hold a small amount of Bitcoin and ETH.

This article was curated through CryptoCurrencyNews’ Contributor Program. If you would like to write for us, send us your submission!

Featured image: DepositPhotos © NatashaFedorova

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Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister

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Libra

Libra

Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer.

Swiss President Critical of Libra Basket

Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF when he said, “I don’t think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it,” adding that “the project, in this form, has thus failed.” The Libra Association, the body overseeing the digital coin, is currently headquartered in the Swiss city of Geneva.

Libra is set to be backed by a basket of fiat currencies, including the US dollar (50%), the euro (18%), the yen (14%), the British pound (11%), and the Singapore dollar (7%).

Libra Launched in Switzerland Despite Criticism

The Libra Association officially launched in Geneva in mid-October, with 21 members signing its charter. The charter was originally meant to be comprised of 27 backers; however, that number was reduced following several high profile departures in light of the intense scrutiny leveled at the planned coin from regulators and governments on both sides of the Atlantic. Some of the backers that jumped ship include Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA), after it emerged that Mark Zuckerberg was to defend Libra before a US congressional committee.

The plans to launch Libra have been immensely criticized due to its potential to undermine the economic sovereignty of nations as well as Facebook’s poor track record in relation to data protection, particularly given its role in the Cambridge Analytica scandal, which saw the personal data of about 87 million users harvested through a personality quiz app called This Is Your Digital Life.

>> Binance to Support Upgraded Ethereum Network Muir Glacier

Libra co-founder and chief economist of Calibra Wallet Christian Catalini has said that the digital currency is not in competition with fiat currencies but rather aims to provide banking services for unbanked and underbanked global citizens. It remains uncertain as to when the digital coin will be officially launched, but it is believed that the Libra Association is aiming for a mid-2020 release.

Featured Image: DepositPhotos © poringdown@gmail.com

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Bitcoin Price | Today’s Market Leaders and Deceivers

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Bitcoin price

Bitcoin price

Checking in with CoinMarketCap, it is clear to see that the majority of the crypto market is in the green. Though the gains are small, 80% of the top 10 coins by market cap are on the rise. Market leader Bitcoin price is up only 0.46% at the time of writing, selling for $3,924 USD per coin—but up is up.

Bitcoin Price

Last weekend, Bitcoin (BTC) came close to breaching the important $4k resistance mark. Bulls were hopeful as Bitcoin price reached a month high of $3,978 USD on March 9th.

Going back to the tail-end of February, Bitcoin skyrocketed to $4,198 in a 24-hour period. Certain prominent bulls such as Brian Kelley spoke out in favor of the coin, and this helped a surge. However, ever volatile, the gains did not last, and Bitcoin slumped the following day back to $3,810 approximately.

Now, at $3,924 USD, it is nearing that stable $4k mark once again but whether it will get up, over, and stay above the hump remains to be seen.

Overall, the last seven days have shown momentum in favor of the bulls. Bitcoin price has maintained its value around the $3,900 mark and has yet to experience any significant decline or sudden correction.

Bitcoin Cash

The day is still young, but Bitcoin Cash (BCH) is leading the top ten with a 4.7% jump at the time of writing. There is no market news to attribute this gain too. It seems in a quiet market, this is simply the work of zealous bulls as BCH breaks above the resistance at $135.

At the time of writing, Bitcoin Cash is selling for $135.03 but with significant dips throughout the day already, it is questionable if BCH can maintain its position above the critical resistance level.

>> Coinbase Upgrades: Wallet App and OTC Desk Get Improvements

Ethereum

Elsewhere, Ethereum (ETH) is having a hard time gathering momentum. It is selling for $133.64 USD, up 0.29% at the time of writing. ETH hit a low of $130 this week, amidst a week where the coin has continually declined.

Are you surprised that Bitcoin price is in green? It has been quite stable in recent weeks; will it last?

Featured Image: DepositPhotos © KostyaKlimenko

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CoinMarketCap Data Accountability and Transparency Alliance

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CoinMarketCap

CoinMarketCap

Cryptocurrency-price tracker CoinMarketCap has issued a post urging exchanges to provide mandatory data by June, or else they will be removed from its calculations.

The crypto-data source celebrates its 6th birthday today and announced a list of “major initiatives” as part of its celebrations.

CoinMarketCap: Data Accountability and Transparency Alliance

The site listed five major initiatives that it has been working on for months. They are as follows:

  1. Data Accountability & Transparency Alliance
  2. Block Explorers
  3. Shop
  4. API Revised Plans
  5. Mobile Apps

The first initiative—Data Accountability and Transparency Alliance—is the most eye-catching as it aims to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”

CoinMarketCap’s alliance requires all the crypto exchanges to give up more data, or more precisely, “mandatory API data” including live trading data and live order book data.

The post goes on to say that this data will help it to determine “liquidity, order book depth, spreads, and other meaningful measures. With these additional data points, users will be better able to contextualize the pricing and volume being reported on the site and API.”

If an exchange does not provide the mandatory data, however, it will be excluded “from all price and adjusted volume calculations on the site.”

>> Amazon Web Services Introduces Managed Blockchain to Everyone

The changes will go into effect on June 14th.

According to Cointelegraph, a number of exchanges have already joined CoinMarketCap’s alliance. These include Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC, and Bitfinex.

Controversy

Back in March, CoinMarketCap was lauded for hosting unregulated exchanges on its site. Bitwise Asset Management released research purporting that 95% of the volume on unregulated exchanges is most likely fake. Following the report, the site officially announced plans to alter its listings.

CoinMarketCap is the leading source of data about all digital currencies listed in the cryptocurrency sphere.

Featured Image: DepositPhotos © Grey82

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