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BI: Number of Bitcoin Users in Indonesia Slumped, Remaining 300 Thousand

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                                                               Physical close-up display of bitcoin letters. Zurich, Switzerland. iStock Editorial / Erik Tham.                By: Addi M Idhom - April 5, 2018                                                                         Normal reading 1 minute Bank Indonesia is optimistic that the number of Bitcoin users in Indonesia will continue to decrease. The Central Bank also noted that the value of the virtual currency has continued to decline. Bank Indonesia (BI) claims the number of Bitcoin users in Indonesia continues to fall sharply. BI Director of the Pa...

"Don't See Bitcoin As Money But Digital Gold"

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                                                                                                     Oscar Darmawan. tirto.id/Sabit             By: Aulia Adam - November 14, 2017                                                       Normal reading 6 minutes "At the beginning of its appearance in Indonesia, Bitcoin was not able to "bless" BI even today. "... Bitcoin and other virtual currencies are not legitimate currencies or payment instruments in Indonesia." Beginning in August, Bitcoin set a new record: for the first time, the price of 1 Bitcoin was more expensive th...

Imagine Blockchain from the Simplest Way

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                                                          Blockchain illustration. Getty Images / iStockphoto By: Ahmad Zaenudin - April 26, 2018                                                                                               Normal reading 3 minutes The term blockchain for some people is no longer a foreign thing because it is related to digital bitcoin currencies. How to describe the concept in everyday life? tirto.id - On January 9, 2009, Satoshi Nakamoto launched Bitcoin. He was assisted by a programming expert named Mike Hearn and Gavin Andresen who interacted online. Nakamoto sent an emai...

Crypto money is prohibited from advertising on Google and Facebook

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Atmosphere of Cafe Ducatus, the first non-cash cafe that receives 'cryptocurrency' like Bitcoin, on the opening day in Singapore, Thursday (12/21/2017). BETWEEN PHOTOS / REUTERS / Edgar Su By: Ahmad Zaenudin - March 21, 2018                                                       Normal reading 2 minutes Throughout 2017 Google has removed 3.2 billion advertisements that are considered to violate the rules. tirto.id - Crypto currencies, especially Bitcoin, have become a hot topic in the world because the value goes up and down like a roller coaster. Recently, Google made an important announcement about the fate of crypto money. On March 14, through the company's official blog, Google said it had updated its policy on ads that were not eligible to appear on their advertising platforms. Crypto or cryptocurrency, foreign exchange markets, contracts for ...

Digital Currency that Rises in Leaves Besides Bitcoin

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The bitcoin logo is attached to the ATM machine window at Waves Coffee House in Vancouver, Columbia. Photo / REUTERS / Andy Clark By: Aulia Adam - August 16, 2017      Normal reading 3 minutes Not everyone knows that Bitcoin is not the only crypto or digital currency available. Investment in other crypto is also common today. tirto.id - The rival between the United States and North Korea which mentions nuclear weapons in the media, apparently has an impact on the Bitcoin exchange rate. Last weekend, the price of one Bitcoin was closed equivalent to 4,224 US dollars or around Rp56 million. In the beginning of this week, he even touched the figure of 4,400 US dollars or equivalent to Rp58 million. Investors in financial markets turned out to prefer challenging investments in crypto aka digital currencies like Bitcoin, rather than investing in safe havens such as gold or US government bonds. Bitcoin, with market capitalization for 71.5 billion US dollars or equivalent to Rp9...

Analytical factors - how to find a good project for investment?

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Before investing in the next ICO, see this list and ask yourself the following questions: >>> Does the ICO site use the https protocol? If the team doesn't bother installing an SSL certificate, then what security for the project as a whole can exist? >>> How is this site visible? what is the overall impression? Is that credible? Doesn't it look like it's made "random"? Are the contact details provided in full? >>> Is there a whitepaper on the site and how detailed? Today it's hard to imagine, but there are sites without these elements, which have become standards in the ICO industry. Are there whitepapers in some of the most popular languages? If the team wants to collect the amount of investment announced, it must be calculated for users from various countries. What does the whitepaper look like? Is there enough information about the project and the reasons for joining the ICO, so as to ensure future profits for investors? Is the de...

DEFINITIONS AND HISTORY OF DOGE COIN

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What is DOGE Coin is a Cryptocurrency featuring the appearance of Shiba Inu's dog from "Doge" internet meme as its logo. Introduced as a "joke currency" on December 8, 2013 dogecoin quickly developed its own online community and reached a capitalization of US $ 60 million in January 2014 as of March 2016, it has a capitalization of US $ 22.2 million.  Compared to other cryptocurrencies, dogecoin has a fast initial coin production schedule: 100 billion coins have been circulating in mid-2015 with an additional 525.6 million coins every year thereafter. As of June 30, 2015, 1 billion dogecoin was mined. Although there are several major commercial applications, currencies have gained traction as an internet tip system, where social media users give dogecoin tips to other users to provide interesting or important content. Many members of the dogecoin community, as well as other members of the cryptocurrency community, use the phrase "For the month!" to ill...

DEFINITION OF CRYPTOCURRENCY

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Cryptocurrency is a technology that makes digital currency that uses cryptography for security that makes it unable to be falsified. The price value of cryptocurrency is largely determined by the buy and sell power of the users of this technology. Cryptocurrency or digital currency technology is currently highly developed by various companies and teams of engineers in various parts of the world. Even Google Ventures also invests in one of the Cryptocurrency technologies. There are already more than 500 cryptocurrency created based on conmarket.com. Some cryptocurrency has a variety of different concepts and some have other imitation coin concepts. Because the basic value of cryptocurrency is purely based on the buying and selling power that is not guaranteed by anything, cryptocurrency often has a value of more than 20% in a day which can actually be used to trade to get profit. Especially because in bitcoin.co.id the cost of trading cryptocurrency is 0% - pure barter. At the end of 20...

How To Get Bitcoins

There are many Bitcoin supporters who believe that digital currency is the future and investing in today can make a big profit later. The most popular way to have Bitcoins is through purchases on the Bitcoin exchange. Some people may choose to keep bitcoin for a longer period of time while others want to profit by selling them as soon as they find an opportunity. Like other assets, the principle of buying low and selling high applies to Bitcoins. Interestingly, there are many other ways to get and have Bitcoins that are different from buying them on the Bitcoin exchange. Here are some options that can be done to generate bitcoin. Mining Bitcoin Mining is the process of releasing bitcoins to enter the circulation. In simple words it involves solving computational puzzles difficult to find new blocks that are added to the blockchain and receive prizes in the form of several Bitcoins. Block rewards (new Bitcoins) which are currently at 25 (that's 50 in 2009 and decreasing every 4 year...

The Best Way To Protect Your Bitcoins Account

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Money has changed shape over the years, from gold coins, to paper money, then to credit. While physical forms of money are very different, they are all still supported by the government and are thus the official monetary system currency. In 2009, Bitcoin plunged into the world for a currency that was completely different from one-currency not supported by government or banks but created through computer codes. This cryptocurrency or virtual currency has gained value and many users. According to blockchain.info, on April 23, 2015, there were around 14 million Bitcoins in circulation (an increase of around 1.5 million bitcoins from last year) with a market capitalization of $ 3.3 billion. More than 100,000 transactions per day occur in bitcoin. But bitcoin does not exist in any physical form and is not stored or regulated by government agencies, how to best protect Bitcoins safely? We store cash or cards in physical wallets, Bitcoins are also stored in digital wallets. Digital wallets ca...

CRYPTOCURRENCY INFORMATION

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General Description of Ripple Coin Despite attracting less media attention than some other cryptocurrencies, which are supported by Ripple Labs Inc. and use the XRP currency code. Ripple Coin has the second highest market capitalization and has grown completely independent of Bitcoin. The Ripple network can be used to exchange any currency - be it a more traditional currency or cryptocurrency - and other commodities or even frequent flier miles. XRP Ripple is used as a bridge to allow exchange on the network, as the user must spend a small number of units to complete the transaction. Ripple networks are created with 100 billion units in existence and they will be reduced in supply as commonly used for transactions and destroyed. About 7.2 billion XRP has been distributed since the last update, 30 November Ripple Labs will keep 25 billion coins and give away the rest - including for charities such as Computing for good initiatives, the XRP is useful in the exchange for computing time lo...

History of Cryptocurrency

ryptocurrency first is Bitcoin. Bitcoin was created in 2009 by a pseudonymous developer named Satoshi Nakamoto. Bitcoin uses SHA-256, which is a cryptographic hash function designed by the US National Security Agency. Bitcoin is a cryptocurrency based on proof of work systems. In April 2011, Namecoin, the first altcoin, was created to form a decentralized DNS to make internet censorship more difficult. In October 2011, litecoin was released and became the first successful cryptocurrency to use scrypt as a hash function and not SHA-256. This gives people the ability to mine litecoins without purchasing certain hardware such as ASIC machines which are usually used to mine Bitcoin. Litecoin began to receive media attention at the end of 2013 - achieving a market capitalization of $ 1 billion. Ripplecoin, created in 2011, is built on the same protocol as Bitcoin but services as a payment system - think of it like Paypal for cryptocurrencies that support fiat currencies, cryptocurrency, com...

E-DinarCoin always experiences a circulation increase in the global market.

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Every day the E-Dinar Coin transactions that occur on the world market experience a very significant increase, this is influential with the increasing number of enthusiasts who make the decision to invest by depositing coins. Because for now the price of per coin edinar is still quite cheap, namely at Rp. 13,400, - / EDR and anyone can open an edinar account (edinar wallet) for free and they deposit or exchange money from rupiah into coin edinar via money changer. Even more interesting every day the owners of edinar balances will get a profit of 0.65% of the total edinar balance held, this is valid as an edinar coin supply promo period of a total supply of 999 billion coins which is expected to be sold out in 2022. Of course this is very beneficial for dollar hunters, especially online businesses. As a reference that EdinarCoin should be taken into account is the increasing edinar rating on the world digital currency market which currently ranks 17th in the world (source: http://coinma...

Luno Trending Bitcoin Starts Glancing at Indonesia

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Leading global asset digital company, Luno announced that the Bitcoin Luno wallet application has been downloaded by almost 2 million users worldwide. In Indonesia alone, the total users of Luno reach 300 thousand users with the number of download applications in the Play Store and App Store. Luno can be accessed through websites and mobile applications based on Android and iOS which can be downloaded for free on the Play Store and App Store. This figure is driven by the significant growth of Luno users in Indonesia which touched 400% last year. Later the last time, Bitcoin became popular because of the significant price increases and the benefits offered to its investors. "Blockchain has digital assets such as Bitcoin or Ethereum that can be bought and owned. In some countries, Bitcoin has been designated as a currency. Bitcoin represents a technology where money transfer becomes cheaper and faster than before. Through Luno, people around the world, especially Indonesia, can inve...

Ball Gambling With Bitcoin Makes You Tricky in the Chinese Plain

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Chinese authorities arrested six suspects at World Cup gambling who risked cryptocurrency worth CNY10 billion Rp21.4 trillion, according to a statement released by the police department in Guangdong province. This gambling syndicate is on the dark web. They accept bets in the form of bitcoin, ethereum, and litecoin. They have been operating for eight months before being caught, reports The Verg They have 300 thousand gamblers from various countries, 8 thousand "agents" who get a commission to recruit new members through a pyramid-like system. World Cup gambling is indeed happening in the world. However, the Chinese government tried to arrest the masterminds. Most types of gambling are banned in China. There are only two types of lotteries which are legal gambling in China. This gambling network capture on the dark web is part of China's plan to deal with criminal activities. This is a gambling syndicate involving cryptocurrency, according to the Guangdong police. So far, ...

Not allowed to spend with Bitcoin in Indonesia

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Bitcoin Indonesia Chief Executive Officer (CEO) Oscar Darmawan claimed to support the steps of the Financial Services Authority (OJK), the Ministry of Finance (Ministry of Finance), and Bank Indonesia forbid the use of bitcoin as a payment instrument. "I, as a citizen, must obey the rules. Legal payment instruments are only rupiah, "Oscar said on Monday (1/29). However, Oscar hopes the regulator issues clear rules. In addition, the cryptocurrency industry reported to the Financial Transaction Reporting and Analysis Center (PPATK). "My hope is that the entire mobile industry in the cryptocurrency is required to be the reporting party for PPATK," Oscar added. With that obligation, said Oscar, the cryptocurrency ecosystem will be controlled. In addition, the traffic of sellers and buyers of cryptocurrency can be monitored measurably. "The crypto ecosystem is clean and the perpetrators are monitored," Oscar added. Conversely, if cryptocurrency is banned, it is...