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Cloudflare’s Cloudbleed Has Cryptocurrency Platforms Taking Precautionary Measures – newsBTC

February 26, 2017 | Author: admin

The recent Cloudbleed memory leak issue has forced cryptocurrency exchanges to issue safety instructions to its users. Read more...

Cybersecurity is one of the major concerns of the cryptocurrency industry. As the cyberthreats increase, online platform operators are flocking to performance and security solutions providers like Cloudflare to ensure that their websites are protected from DDOS and other attacks. But what happens when something goes wrong with the service that is meant to protect digital property worth millions of dollars?

A recent issue with Cloudflares edge servers created a sense of panic among many cryptocurrency exchange operators. Some of them have asked their users to take precautionary measures by changing their login credentials and resetting two-factor authentication for their accounts.Cloudflare reported the recent memory leak issue, known as Cloudbleed in its recent blog post.

According to the blog, Cloudflare was informed of the issue by Tavis Ormandy from Googles Project Zero. Ormandy reported the security problem with Cloudflares edge servers, which he discovered while investigating corrupted web pages. The company offering more details about the incident said,

our edge servers were running past the end of a buffer and returning memory that contained private information such as HTTP cookies, authentication tokens, HTTP POST bodies, and other sensitive data. And some of that data had been cached by search engines.

However, Cloudflare has clarified that the customers SSL private keys were not compromised by the bug as the service always terminates SSL connections through an isolated NGINX instance. The memory leaked by the Cloudbleed bug could have contained private information which was cached by search engines. The issue seems to have gone unnoticed for almost a week, affecting 1 in every 3.3 million HTTP requests made through Cloudflare.

BTC-e, the Bitcoin exchange and betting platform has suggested a series of measures to its users to prevent any undesired aftermath incidents. The advisory issued by BTC-e is as follows,

1) You should change your account password before 16:00 (GMT +3) on 26.02.2017. If you fail to do so, your password will be reset automatically. If you enabled 2-factor authentication between the 12th and the 20th February 2017, we strongly recommend you disable and re-enable it again.

2) You should re-create your API keys (info, trade, btc-e code withdraw & coupon) before 16:00 (GMT +3) on 26.02.2017. If you fail to do so, all your keys will be blocked automatically.

3) Cloudflare explicitly mentions that SSL certificates were not leaked. However, we will change SSL certificates for btc-e.com and btc-e.nz within the next several days to provide additional security.

It is always a good idea for users to review and reset their credentials at regular intervals. Irrespective of whether one is using BTC-e, its APIs or not, they should try to follow the suggestions as applicable to ensure that they are not affected on a later date.

READ MORE:Is Bitcoin Industry Too Dependant on CloudFlare?

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Top 4 Cryptocurrencies Suffering From Slow Block Times – The Merkle

February 26, 2017 | Author: admin

If there is one thing a lot of people would like to change about bitcoin, it is the rather long time in between blocks being generated on the network. This is also why various outcomes are so popular, as they process transactions a lot quicker. Interestingly enough, Bitcoin is not the only cryptocurrency to suffer from very long block times. In fact, there are at least four other well-known currencies, which suffer from this problem.

Similarly to bitcoin, NameCoin is another SHA-256 cryptocurrency using the same proof-of-work algorithm. It also has a total coin supply of 21 million coins, and a difficulty retarget mimicking the one of bitcoin. The similarities dont end there, though, as Namecoins block time is 10 minutes as well. Unfortunately Namecoin never become a mainstream success, even though it is still popular among the early cryptocurrency adopters.

There seems to be a trend among older SHA-256 coins, as quite a few of them have a 10-minute block time. PeerCoin is a bit different than NameCoin, though, as it combines both proof-of-work and proof-of-stake. Moreover, PeerCoin has no fixed coin supply and a much lower mining difficulty compared to other popular SHA-256 coins.

It is worth noting Peercoin offers a one-block mining difficulty retarget, which is rather unusual. Then again, this block reward of over 65 coins per network block is rather high, which may be part of the reason why Peercoin never became much of a success either. Without scarcity and clear use cases, there is not much use for Peercoin, even though it still holds a value of roughly US$0.31 per coin.

BitBar is the odd one on this list, as this altcoin never amounted to much. Whether that is due to the developer abandoning the project, or just a project that failed to capitalize on bitcoins hype, is a discussion for a different day. We do know Bitbar has a 10 minute block time, which makes it one of the slowest cryptocurrencies to date. Ten minutes is rather long for a Scrypt-based cryptocurrency, though, as those coins usually generate new blocks within three minutes or less.

Contrary to what most people would like to believe, bitcoin is not the slowest cryptocurrency in the world right now. That title goes to Quatloo, a rather obscure altcoin targeting the sci-fi enthusiasts around the world Although this currency has a specific appeal to this group of users, it never became a big success by any stretch of the imagination.

With a block time of 22.25 minutes, Quatloo transactions take ages to confirm. For a Scrypt-based proof-of-work cryptocurrency, that block time was the undoing from day one. Although Quatloo is still being mined as we speak, its community remains rather small and it appears that will not change anytime soon.

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Google Is First in Line to Get Intel’s Next-Gen Server Chip – Fortune

February 26, 2017 | Author: admin

Diane Greene, Senior Vice President at Google, at Fortune Brainstorm Tech. Monday, July 11, 2016. Aspen, Colo.Photograph by Kevin Moloney Fortune Brainstorm TECH

Intel and Google made good on promises made in November to build Intel's latest microprocessor into the servers running Google's cloud infrastructure.

At that time, they said the brand new Skylake chip would show up in Google's cloud servers in early 2017, and as of Friday, that is the case, according to a blog post by Urs Hlzle, Google ( goog ) senior vice president of cloud infrastructure.

In the post, Hlzle says Google Compute Engine customers are thus "the first to benefit" from this new chip's performance gains.

The Skylake is the latest iteration of the Intel ( intc ) Xeon chip family, promising once again faster and better graphics performance than its predecessors. It's also being pegged as a good choice for graphics-intensive applications like scientific modeling, 3D rendering, analytics, genome research, and engineering simulations.

The Intel alliance was backed by Google senior vice president Diane Greene and Intel executive vice president and general manager Diane Bryant, and it required some co-engineering work between the two companies.

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Amazon Web Services ( amzn ) , Google's main rival in the public cloud business, has promised Skylake servers will come soon. And to be fair, Intel likes to spread its cloud love around. Three years ago, for example, Bryant took the stage at AWS Re:Invent annual conference to announce a new processor designed specifically for Amazon Web Services .

For more on Google cloud, watch:

What's interesting here is that Skylake is showing up in a public cloud's servers before it surfaces in the type of brand-name servers that typically sell into business customers' private data centers. Given the buying power of Google, AWS, and Microsoft ( msft ) , another public cloud provider, that makes sense.

But it is also bad news for the branded server makers like Dell Technologies and Hewlett-Packard Enterprise ( hpe ) , which reported lower server sales on its earnings call Thursday night.

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Top 5 Cyber Security Job Skills In High Demand for 2017 and Beyond – The Merkle

February 26, 2017 | Author: admin

Enterprises small and large all over the world will have to pay a lot more attention to cyber security moving forward. Particular skills are needed by virtually every company in the world right now. Below is a brief list of what experts feel will be the top cyber security skills for 2017 and beyond. It is an interesting list with a strong focus on the cloud and network security, that much is certain.

It hardly comes as a surprise to find out the cloud is not as secure as most people would think it to be. While it is a wonderful tool for businesses small and large, it is effectively a way to store information on a different computer or servers. Properly managing cloud-stored data is of the utmost importance, as it will improve the overall productivity. Cyber criminals are targeting cloud servers, which creates new jobs for those who can actively monitor and manage this data while it is in the cloud.

Determining a companys risk to cyber attacks is the first step towards effectively nullifying most threats. A perfectly secure system does not exist, nor will it ever be a feasible goal. Flexibility and collaboration are two pillars of security among employees in both the offline and online space. Evaluating the potential risks and management is becoming a highly-valued skill. Job hunters looking to become part of an enterprise may start to consider training this skill sooner rather than later.

Solely relying on the human eye and brain to process tons of data around the clock will not be sufficient to nip cyber attacks in the bud. Developing more advanced security software is an absolute must at this stage. Developing such software has the added effect of protecting employees against typical security threats at all times, which will benefit productivity.

Moreover, the goal is to ensure this security software can blend with other security measures put in place by the company. Security solutions are anything but convenient, yet they are an integral part of keeping employees and information safe. Agile security software can provide both protection and flexibility at the same time, assuming it is developing the right way.

Managing data stored in the cloud is not the same as working on cloud security by any means. Cyber criminals and freelance hackers pose a legitimate threat to cloud services. Finding the employees with the necessary know-how to create secure software that bars these attacks before they an materialize is of great importance to companies as of right now. Strengthening the environment in which data is saved is the first step towards keeping cyber attackers out.

Hardly anyone will be surprised to learn most corporations have rather fragile network security these days. Most data breaches stem forth from companies who think their network security is impenetrable. Pinpointing suspicious behavior and developing countermeasures against malware and ransomware are just some of the aspects of this important job. Considering how these malicious software threats will only continue to increase anyone with network security management knowledge will have an easy time landing their next job.

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Cloud-to-client, direct: serverless computing reduces the middle – ZDNet

February 26, 2017 | Author: admin

One of the buzzwords to emerge over the past year is that of "serverless" computing or architecture, which, as the term suggests, involves the provisioning of key information technology resources to users without the fuss and muss of acquiring and activating additional hardware, which not only means servers, but disk space as well. Let the cloud vendors worry about the messy details of protocols, security, resource provisioning, processor speeds, and memory allocation, and focus on the applications business users need to run their organizations.

Serverless is, for all intents and purposes, another name for Platform as a Service. There are vendor tools and environments suited for such a purpose, including Amazon Web Services Lambda, IBM BlueMix OpenWhisk, and Microsoft Azure Functions, Buzzwording aside, full-throttle adoption of serverless platforms may even stir rethinking of optimal hybrid cloud architectures, and what it means for IT teams to serve as brokers of needed business services.

That's the experience of Gojko Adzic, a highly regarded thought leader in the IT space and partner at Neuri Consulting, who recently explored his journey down the serverless computing path with his MindMup project. In his post, Adzic provides some food for thought as to the best way to structure the delivery of cloud-based back-end services to a dynamic user base.

MindMup, which offers mind mapping tools, first piloted the AWS Lambda platform in February 2016, and moved entirely over to Lambda at the beginning of 2017, Adzic relates. The site has seen positive outcomes so far in its one-year journey, with a user base increasing by 50% while hosting costs have dropped 50%, he says. Plus, scaling to meet demand is now relatively painless.

Serverless computing is about a platform approach, not just services. Organizations thinking that moving applications to serverless platforms will save money will be disappointed, Adzic says. Even if an infrastructure is deployed across the resources of a cloud provider such as AWS, as it may involve making multiple duplicate payments for connecting web requests, he explains."By far, the biggest lesson for me was to really embrace the platform, not just the service," he relates.

Adopting a platform approach can be accomplished three ways: through the use of distributed authorization: letting clients orchestrate workflows: or allowing clients to directly connect to AWS resources, Adzic explains. MindMup went with the third, direct-to-client, approach, as the first two options have limitations within AWS environments. Enabling direct access to platform services has helped to reduce latency and costs.

As Adzic observes, this model of direct cloud-to-client architecture represents the most expedient way to deliver hybrid services, and he goes on to suggest that this may even change the way enterprises think about hybrid cloud architecture. That is, open up back-end services directly to clients and client applications, rather than structuring layers of services between users and cloud functions:

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Bitcoin is devaluing China’s currency but the country won’t do much about it – Salon

February 25, 2017 | Author: admin

Its been a volatile year so far for bitcoin. The value of the cryptocurrency jumped 20 percent in the first trading week of the year to a record high of $1,161 per virtual coin. Its value then plunged by more than a third over seven days, to $750, before climbing back up to top $1,200 on Friday.

Traders said the main cause of this roller coaster ride has been China, where the countrys central bank put domestic bitcoin exchanges on notice early last month that they needed to do more to tighten foreign exchange controls. China has been trying to curb the practice of using bitcoin to circumvent rules limiting the amount of money Chinese mainlanders can send abroad, which is currently capped at $50,000 a year.

This capital flight has caused a drop in the value of the renminbi and Chinese regulators have connected the dots between last years drop in the value of the countrys currency and a corresponding rise in the value of bitcoin. Bitcoin bought in renminbi accounted for a staggering 98 percent of all bitcoin trading activity in the last six months of 2016, according to bitcoinity.org.

Eager to convert the Chinese currency into a more stable global currency and stash that wealth abroad, many Chinese mainlanders have been buying bitcoin locally in renminbi and then, using bitcoins blockchain technology, which allows users to safely transmit bitcoin through the Internet, theyre sending bitcoin to other countries where recipients (family members, friends or other contacts) convert bitcoin back into a local currency which can then be used to make investments outside of the country.

But why isnt China simply clamping down hard on the whole bitcoin thing?

You have a government that likes to retain control, and bitcoin is a decentralized currency outside of the control of any nation-state, Christopher Burniske, blockchain products analyst at New York-based ARK Investment Management, told Salon. So that right there is a bit threatening, but at the same time China is working to be recognized as a global leader in technology and economics and the political fallout from outright banning or confiscating bitcoin is arguably too great.

Burniske said China may have other motives for not taking a hardline stance, such as working to develop its own form of digital currency, informally known as ChinaCoin. Early last year, the countrys central banksaid it was mulling a rollout of its own digital currency.

Theamount of bitcoin bought using the Chinese yuan has plummeted to less than 5 percent this week, thank to efforts by domestic exchanges to cool bitcoin trading activity with a one-month ban on making withdrawals and per-transaction fees that went into effect this month. Traders expect Chinas central bank to eventually impose regulations on local bitcoin trading, too, which helped to push the price of bitcoin down. Currently the market is unregulated in China, but traditional financial institutions are barred from dealing in bitcoin.

With so much less bitcoin trading activity from mainland China, why has the value of the currency bounced back to a record high?

Some of it has to do with traders betting the U.S. Securities and Exchange Commission will approve at least one of three proposed exchange-traded funds based on bitcoin trading before a March 11 deadline. Though its uncertain whetherU.S. regulators would actually allow trading securities based on the fluctuation in the value of bitcoin, some less cautious investors are buying bitcoin hoping the value will jump after an announcement is made. The other reason is that bitcoin has become a alternative safe-harbor investment, like gold or U.S. Treasury bonds. U.S. inflation is expected to rise this year and bitcoin is being used by some to hedge against a drop in the value of the U.S. dollar. Global political uncertainty may also be playing a role.

Whatever the case may be, bitcoins quick rebound from the China scare could be a sign that the cryptocurrency is becoming more mainstream, according to Burniske, being used more frequently to buy goods and services from merchants that accept it.

This is a sign of global traction for bitcoin, he said. You now have more bitcoin being transacted as a means of exchange than traded as astore of value. Im seeing this as a positive indication of bitcoins globally distributed support, that its not as reliant on China as many people believed it was just a few months ago.

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Bitcoin Tracker: Up, Up And Away? | PYMNTS.com – PYMNTS.com

February 25, 2017 | Author: admin

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Is there an alternative, profound French phrase or two that can describe what investors have seen this week with bitcoin? Because dj vu no longer seems to cut it.

Bitcoin is quickly headed toward fresh three-year highs after jumping up over $100 in value since last weeks tracker. After breaking through the $1,000 mark (again) at the beginning of February, bitcoin decided to stick around.

Though the cryptocurrency flirted with higher numbers, bitcoin mostly settled just above or below $1,000 for the first half of the month likely while investors waited to see how the whole Chinese exchange investigation storyline would pan out.

But now that the major exchanges have halted withdrawals for upgrades and it appears, at least for now, that no catastrophic changes to the crypto-status quo are coming from the PBoC its off to the races once again.

First, bitcoin has managed to stay above $1,000 for a record 10 days, leading some to speculate that the cryptocurrency could be developing a new, $1,000 price floor though it may still be too early to tell. The rise in value is likely due to speculation that the first bitcoin exchange-traded fund (ETF) will, in fact, receive approval from the SEC.

On Thursday (Feb. 23) morning, bitcoin had broken $1,150 in value, reaching a high of $1,153.04. At the time of writing, bitcoins price sat at $1,149 even, up 2.39 percent over Wednesdays close. The bitcoin market cap was over $18.5 billion. The cryptocurrencys maximum value, reached on Nov. 30, 2013, was $1,165.89, according to CoinDesk.

In stateside bitcoin news, Coinsource, the largest network of bitcoin ATMs in the U.S., recently announced the placement of three new machines in St. Louis, Missouri, the companys first foray into the Midwestern market.

Including the three new machines, Coinsource now has 80 machines in nine U.S. states up from 73 when PYMNTS interviewed CMO Bobby Sharp this past December. Founded in Feb. 2015, Coinsource debuted its first kiosk in the Miracle Mile Shops in Las Vegas.

Coinsource CEO Sheffield Clark saidthe company hopes to have 100 machines installed in the U.S. by the end of Q1, adding: In 2016, we were installing bitcoin ATMs at an average of 1.2 machines per week. We hope to double that this year.

Locations on the radar for new Coinsource ATMs in 2017, according to Sharp, included in Maryland, Massachusetts, Washington, D.C., and Minneapolis.

By the end of 2017, I think we could potentially be in 1520 states, Sharp said. Possibly even a couple of other continents by 2018. We definitely have some company goals to explore outside the United States.

In addition to expanding into new markets, Coinsource has made it a goal to augment the functionality of its current and new machines in 2017. The company is looking to add more financial services and platforms, as well as to increase the number of two-way machines nationwide.

In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation.

The big news as of late has come out of the Philippines after the central bank, Bangko Sentral ng Pilipinas (BSP), announced itwould actively regulate the bitcoin industry as a means to combat money laundering and terrorist financing schemes.

Earlier this month, the BSP published guidelines for entities that offer exchange services, including a registration requirement with both BSP and the nations anti-money laundering organization. Bitcoin exchanges will also be subject to annual fee services.

While not an endorsement of cryptocurrency by any means, the move is a step forward in the country of nearly 100 millionand could work to combat the seedier elements at work in the bitcoin ecosystem, while protecting consumers and increasing financial stability for citizens using the digital currency for legal payments and remittances.

Last month, the central bank and government of the United Arab Emirates had drawn up regulatory frameworks for FinTech and digital payments at large.

Additionally, The Cointelegraph reported that government officials and political leaders have also come together to discuss the potential of bitcoin and blockchain technologies for the future of the financial industry and ecosystem in the UAE.

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PascalCoin Is A Cryptocurrency With a Deletable Blockchain – The Merkle

February 25, 2017 | Author: admin

Every now and then, cryptocurrency developers come up with a rather intriguing concept. PascalCoin is a great example of one such project, as this cryptocurrency offers a deletable blockchain, effectively solving one of the data storage problems bitcoin has been facing for several years now. It is time we take a closer look at this altcoin, as it shows a lot of promise.

It is not difficult to see why PascalCoin has been seeing a boost in popularity as of late. Although the project was announced in August of 2016, it looks like its potential is finally coming to fruition After all, PascalCoin is the first cryptocurrency that does not require a blockchain of historical operations to be downloaded by the end user. Despite this odd function, there is no way to double-spend ones coins.

Rather than using the blockchain as found in the bitcoin ecosystem, PascalCoin makes use of a technology called SafeBox. This hash mechanism is modified every time a new block in generated by the PascalCoin blockchain. SafeBox is updated with the new block operations, after which it generates a new Safebox hash. Even if the blockchain up to that point were to be deleted, there is still a proof of all transactions and wallet balances.

Controlling the Safebox hash is of the utmost priority for the PascalCoin team. A total of five new accounts arecreated per network block, which effectively helps to keep the hash size as small as possible. For those who want to find out more, it is well worth checking out the projects white paper on GitHub. By removing the need to download and store an entire blockchain, the PascalCoin developers could be onto something.

Other than the SafeBox feature, PascalCoin focuses on being a cryptocurrency that can appeal to the masses. It offers quite a few similarities to how bank accounts work, with easy to remember account names instead of wallet addresses. This is another intriguing development that makes cryptocurrency more approachable by the average person on the street. It remains to be seen whether or not PascalCoin can achieve its goal, though.

Looking at the PascalCoin trading charts, it is evident this cryptocurrency has become the new hot commodity among altcoin traders. That being said, the fact its blockchain can be deleted and its convenient wallet addresses are the only proper features for the time being. There are no merchants or platforms accepting PascalCoin as a payment option, indicating this altcoin still has a long way to go before it can rival bitcoin.

One final thing that sets apart PascalCoin fro other altcoins is how it seemingly favors mining with an NVIDIA GPU. Most altcoins use algorithms which make using an AMD graphics card far more convenient. PascalCoin is doing things a bit differently, although a new miner for AMD cards was released not too long ago. An intriguing take on things, although it remains to be seen whether or not PascalCoin will still be relevant a few months from now.

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Top 5 Cryptocurrencies Under Development By Central Banks The … – The Merkle

February 25, 2017 | Author: admin

In most cases, imitation is the ultimate form of flattery. For Bitcoin, that is not always the case, even though many projects aim to imitate the cryptocurrencys success to date. Various central banks are working on creating their own cryptocurrencies, none of which are decentralized or subject to a free market. Below is a list of such coins which may see the light of day sooner than people think.

As the name would suggest, Citicoin aims to become a bitcoin rival developed by none other than Citibank. Citigroup claims they have built this digital currency based on blockchain technology, although most of the specifics remain unclear to this very day. Judging by the name, it appears Citicoin will only be usable for internal transaction between customers of this particular bank. That has not been confirmed by Citigroup, albeit not much has been heard from this project since July of 2015.

When this collaborative project between UBS, Deutsche Bank, Santander, and Bank of New York Mellon was announced in 2016, the world was taken a bit by storm. Four of the worlds largest banks openly admitted they envy bitcoin and its technology. All four institutions have been researching the technology and decided to create their own cryptocurrency, going by the name of Utility Settlement Coin.

Considering how all of these banks are a member of the R3 blockchain consortium, the move to develop their own cryptocurrency seems a bit strange. Then again it is believed the Utility Settlement Coin project will launch in 2018, albeit no specific date has been announced so far. It remains to be seen if such a project can survive and what type of blockchain it will use, though.

Not to be confused with the previous entry, SETLcoin is a project developed by the Goldman Sachs Group. A patent for SETLcoin was filed back in 2014, which labels it as a cryptographic currency for securities settlement. This type of cryptocurrency will not be a competitor to bitcoin by any means, as it focuses on one specific niche. Goldman Sachs wants to facilitate the exchange of assets over a peer-to-peer network, yet its capabilities are seemingly limited at this point.

The Bank of England, together with various computer scientists, feel they have cracked the code to dethrone bitcoin as the top cryptocurrency. Under the RsCoin banner, the cryptocurrency will be used for P2P transactions all over the world. It would allow the BoE to keep a tight grip on the money supply and would no longer allow for the creation of money out of thin air. Then again, with no fixed coin supply, value can still be created out of nothing. An intriguing type of cryptocurrency to keep an eye on.

One of the more worrisome cryptocurrency projects in development goes by the name of RMBCoin. This cryptocurrency, developed by the Peoples Bank of Chinaaims tobecome the new national digital currency in time. However, users will not have full control over their digital wallet, similar to how bank accounts are not controlled by the customer either. Not much else is known about RMBCoin, as there is no white paper, release date, or comprehensive list of specifications available today.

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BitConnect Cryptocurrency Exhibits Steady Growth – newsBTC

February 25, 2017 | Author: admin

BitConnect, the young cryptocurrency is showing steady growth within a month of its successful ICO. BitConnect Coin (BCC)is following on the path of the crypto heavyweights like Bitcoin and Ethereum as it showcases significant growth within the digital altcoin community. It continues the trend of the exponential rise as set by the two cryptocurrencies since 2015. The upcoming feature additions to BCC throughout 2017 are further expected to boost its value.

BitConnect coin is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.

BCC has experienced few ups and downs since the completion of BCCs initial launch following the ICO. There was a drop in its demand and value soon after its release as is the case for any new digital or physical product. Being a cryptocurrency that is providing real value to the market, BCC has recovered to emerge bigger and stronger than ever.

BCCs chart shows a more than two-fold increase in its price during the recent weeks. Due to an increase in the BitConnect Coin mining activity, the cryptocurrency platform had to increase its mining difficulty to levels much higher than that of any other scrypt-based coin in the altcoin market. Consequently, the exchange volume has been exhibiting significant growth in anticipation of the new features that are going to be included later this month.

The BCC cryptocurrencys demand and price are expected to further increase as the platform prepares to launch the much awaited BitConnect application for Android and iOS devices. The latter half of the year will also see the cryptocurrency undergoing more innovation and also the inclusion of new convenience features. The BCC mining process will stop yielding new coins by the end of 2017.

BitConnect Coin connects its users socially and financially to a secure, protected community of investors and lenders. BCC owners can also connect with the community to increase the value in their respective wallets as the cryptocurrencys price increases. They also get an opportunity to earn interest.

BitConnect hasbecome the worlds fastest growing online Bitcoin community. It has risen from being a concept in Q1 of 2016 to a top 100K website on Alexa in less than one year.

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