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Coinmine: The Home-Based Bitcoin Crypto Miner

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Meet Coinmine – a new cryptocurrency mining device that is aimed at the hobbyist market and is perfect for giving users the option to be paid in Bitcoin. According to the latest cryptocurrency news, this device was aimed at the hobbyist market and is a real breakthrough for many users.

Designed to mine Monero (XMR), Zcash (ZEC), Grin and Ethereum (ETH) at launch, this crypto miner had a low enough difficulty threshold to allow for the average miners to see a minimal return. The recent addition of Bitcoin payouts, however, made Coinmine a lot more popular and gave miners a great incentive to try the $799 ($699 with a special Bitcoin discount) product.

The founder of Coinmine, Farbood Nivi, was featured on many best cryptocurrency news sites for his statement which said:

“To get you the most bitcoin possible from your Coinmine One, we had to engineer MineOS to automatically mine whatever crypto converts to bitcoin at the highest rate and then exchange it to Bitcoin for you and put it in your wallet. This way you’re getting way more Bitcoin than if the device was mining Bitcoin directly.”

The Coinmine box, however, is not designed to make quick millionaires. According to Nivi, it is a testbed and experimental product for those who want to dip a toe in the mining process. Given its strict resource requirements of high stake mining, it offers a less energy intensive option.

“At today’s numbers, your Coinmine One will generate about $15-20/month of bitcoin in USD prices,” said Nivi. “Of course, that number changes based on the future value of Bitcoin. If the value of Bitcoin appreciates, so will the value of what you made with your Coinmine One.”

According to Nivi, Coinmine is also a cheaper and faster way to take part in networks like Lighting. For this, he was featured in the altcoin news several times.

“The time to build and maintain a comparable device with mining and a Bitcoin Lighting Node is about $400 if your time is worth $20/hour and it takes you 20 hours to research and build the hardware and software,” he said. “The parts for a miner and a Bitcoin Lightning Node could cost you $500 easily. That’s $900, and you still would have to control your DIY device from a command line with a monitor and keyboard instead of an app you can just tap on.”

Coinmine will be rolling its BTC update today and users will be able to mine but also “put their crypto into work” as Nivi noted.

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China-Like Fiat Digital Assets Could End The Dollar Dominance: Analysis

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China-like digital fiat assets could start the fall of the dollar dominance. One of the most discussed topics in the crypto space and the major economies launching state-backed digital coins has started evolving even faster as we can see in the upcoming altcoin news.China’s central bank sped up its plans for the digital currency electronic payment and it could launch in the next 18 months while the European Central Bank is now looking at something similar. In the meantime, Russia has been working on the state-backed crypto ruble for a few years now and Sweden has its new e-krona project. Several countries have got their plans ready including Senegal and the tiny Marshall Islands have got digital coins that are stand alongside their existing currencies as well.These developments will change the international monetary system since today’s systems date to the Bretton Woods conference of 1944 which will create a stable trading environment that the allied nations agreed to set up the International Monetary Fund to enforce the set of fixed exchange rates linked to the US dollar which was also linked to gold at that time. The dollar has been in the middle of the monetary system even since despite the fact that the Bretton Woods has been replaced by free-floating exchange rates when the dollar/gold commitment was abandoned in the 1970s. About 40 percent of international payments and 60 percent of the world’s total foreign exchange reserves are in US dollars.However, the China-like fiat digital currencies could change all that. The financial dominance of America means that the Federal Reserve almost acts as the central bank of the world because the monetary policy committee decides to play with the interest rates and has enormous consequences everywhere. Along with the dollar dominance, there’s the dominance of the SWIFT international payment system. However, with the increased tensions between the world’s major powers, many believe that America plays the system in their own advantage without the proper regard for the consequences ahead.There has been a huge rise in the number of bilateral agreements between banks that allow two countries to swap the currencies directly including China. Germany and the Netherlands have also been repatriating their gold reserves from the US vaults where they have been stored.
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Lisk Laid Off 21 Employees While Staff Experts Quit The Company

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Lisk laid off about 21 employees from its company while the staff experts quit despite the solid backing of the LSK project. The project was one of the most high-profile ICOs in 2016 but now they have a hard time keeping its entire staff as we can read below in the crypto news.Lisk’s team was one of the most important features of the project and the startup had offices in Berlin as well. The long downturn in crypto assets led to a drive to make a leaner operation. The message from the co-founder Max Kordek commented in a Reddit thread:
‘’Today, at Lightcurve, we laid off 21 of our employees and terminated the contracts of three employees who were yet to join. This concludes the recent wave of terminations you may have observed. We are now ready to go completely dedicated into 2020 with a solid team of 31 individuals on the Lightcurve side.’’
The Redditors noted that most of the layoffs were a sign of problems within the project. Lisk laid off 21 employees and lost most of its delegates so now the promising network is seen as a failed project. Lisk was also supposed to become a network to compete with Ethereum but it based its smart contract and dApp functionalities on JavaScript. However, about 100 delegates of Lisk turned the network into an oligarchy and used their coins to solidify their positions. The market price of the project is also precarious despite the major expectations of the price reaching triple-digit prices to rival ETH. The LSK asset reached $32 in early 2018 but now it trades at only $0.64.Lisk made a lot of noise with its rebranding in 2017 and launched a wallet as well. However, the platform didn’t take off quite as expected and got tossed aside by the new platforms with better operations. Now the project is no longer among the top dApp or smart contract platforms. The startup still continues to operate and burn the haul of its BTC coins from the token sale. Lisk had the advantage of raising about $6 million and is now holding sufficient BTC and other assets in the long run.
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Syrian Refugee Is Teaching Cryptocurrency Basics In A Camp In Iraq

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One Syrian refugee has just proved that the crypto industry is best understood through proper education. Despite the obstacles and fact that refugees in refugee camps do not have access to information about cryptocurrency, this refugee decided to teach everyone more about cryptocurrency.Situated in the Arbat refugee camp in Iraq, the 16-year old Yousif Mohammed Nor Aldeen teaches other people about cryptocurrency. As he says, “I want to solve a problem in my community. We have a lot of problems, like corruption."Aldeen still has some of his family left behind in Damascus and is particularly fond of the idea that they could all earn and send money among their social networks regardless of borders or the strict regulations in recent years.
“People really need to know all the things about the internet and their phones and laptops,” the Syrian refugee claims. “We are in an advanced world and we should learn."
Aldeen now owns a small amount of Ether (ETH) which he said he earned through a local education program run by the nonprofit Hello Future. However, as he claimed in the ETH news, his possessions are too little to spend so he is eager to earn more.As we could see from the Hello Future founder Charlie Grosso, most of the students in Aldeen's class think of mobile devices and computers in the same way like old-school Nintendos. They know that they could play games on them but are unfamiliar with Internet or access to global networks.
“The idea of searching to verify information is unknown to them,” she said. “They just don’t have that framework.”
The Syrian refugee is obviously looking to change this and teach them everything about cryptocurrency and the latest crypto news. Even though the learning curve is steep for people in this camp, Grosso is confident that all 44 teens who took her computer literacy class quickly grasped the concept of stateless digital money.
“Two years ago, I got my first phone. Now everyone in my family has a smartphone,” Aldeen said. “I like games like Minecraft because I can build things, design things and improve my English.”
The Syrian refugee also stated that cryptocurrency "might be good for saving money because if you put your money inside a bank, the bank might steal it."
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Sweden Plans To Roll Out Crypto Krona In 2020

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Sweden plans to roll out a crypto Krona as many of the world’s central banks jumped on the crypto train. In our latest altcoin news, we take a closer look at the new plan for the new digital asset.The Swedish central bank wants to make a deal with the multinational professional services company Accenture to start the plot testing for its central bank digital currency, the e-krona. According to the reports, the new partnership is for an initial year-long run until the end of 2020. A statement from the Riksbank states:
 “The primary objective of the e-krona pilot project is to broaden the bank’s understanding of the technological possibilities for the e-krona.”
The cash usage has already started declining in Sweden which is why Sweden plans to launch a crypto version of its national krona. The central bank of the country is now working on this plane since 2017. The Accenture partnership will involve the development of the payment platform with the user interface that will enable the e-krona transactions from cards and smartphones. There has also been no confirmation from the bank that the crypto krona will see any actual use but it is highly likely because of the given circumstances.The industry observer Rhythm Trader linked crypto to the space race of our generation and it still maintained that bitcoin was the king of all crypto. Sweden has been extremely proactive towards the crypto assets than other regional countries and earlier this week the Swedish Financial supervisory Authority approved the Swiss crypto ETP provider Amun. According to the announcements, Amun is the first issuer that will deliver fully collateralized and passive investment products with cryptocurrencies as the base asset. The president of Amun Ms. Ophelia Snyder added:
 “Our mission is clear and that is to help investors more safely, cost-effectively and easily invest in crypto asset classes through our crypto ETPs. We recognize that the regulatory framework in Sweden has been supportive of such initiatives and we welcome its deliberation.”
The company wants to expand in the future especially its product offerings of crypto-asset Exchange-traded products into EU countries. Sweden is also one of the latest countries with a growing list of central banks engaging in CBDC research and development.
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