Cryptocurrency market starts to reborn

All cryptocurrencies start to gain it's prices again
28 June 2017   1318
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

After few days of watching the trading charts fall, many traders and cryptocurrency owners can now breathe a sigh of relief. At the moment, all markets show the signs of life. For example, now Bitcoin is up by 4.28% over last past 24 hours. From top 10 currencies, Ethereum gained the biggest amount - almost 20%. 

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen


Cryptocurrency market overview

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements

Don't forget that Ethereum lost a lot recently due to fake death of it's creator Vitalik Buterin. 

Right now, only 3 digital currencies lose their gains - Peerplay, Elastic and Tether. 
Top 3 gainers are ION (290.32%!!!), Etheroll (40%) and CloakCoin (34%). 

As always in cryptocurrency's world, any loses and gains can be erased in few minutes, depending on Bitcoin price. There are a lot of different versions of cryptocurrencies relations, but no one denies that top 15 values are linked to Bitcoin in some way.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.