{"id":410573,"date":"2020-01-11T23:00:03","date_gmt":"2020-01-11T23:00:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=410573"},"modified":"2020-01-11T18:56:32","modified_gmt":"2020-01-11T18:56:32","slug":"crypto-tidbits-elon-musk-bitcoin-bear-japanese-cryptocurrency-mining-baidu-blockchain-beta","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-tidbits-elon-musk-bitcoin-bear-japanese-cryptocurrency-mining-baidu-blockchain-beta\/","title":{"rendered":"Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu&#8217;s Blockchain Beta"},"content":{"rendered":"<p>Another week, another round of\u00a0<a href=\"https:\/\/ktsl888.com\/?s=Crypto+Tidbits&amp;lang=en\" data-wpel-link=\"internal\">Crypto Tidbits<\/a>. The second week for the year 2020 was a lot more exciting for Bitcoin and the broader cryptocurrency space than the first. Per data from <a href=\"https:\/\/coin360.com\/?period=7d\" rel=\"nofollow\">Coin360<\/a>, the leading digital asset, BTC, gained 10% on the week, hitting $8,160 as of the time of writing this. Altcoins across the board have posted similar gains, with forks <a href=\"https:\/\/ktsl888.com\/2020\/01\/11\/this-key-reason-is-why-bitcoin-cashs-sudden-14-rally-wont-last\/\">Bitcoin Cash, Bitcoin SV<\/a>, and <a href=\"https:\/\/ktsl888.com\/2020\/01\/10\/litecoin-gains-10-against-the-dollar-is-this-the-start-of-an-altcoin-rally\/\">Litecoin really standing out.\u00a0<\/a><\/p>\n<p>Market aside, the underlying industry was as busy as ever, with there being a number of stories published over the past seven days that could have a larger impact on the cryptocurrency space. \u00a0They are as follows.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-409033 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?resize=800%2C534\" alt=\"\" width=\"800\" height=\"534\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=2560 2560w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?w=1140 1140w\" sizes=\"(max-width: 800px) 100vw, 800px\"><\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/ktsl888.com\/2020\/01\/04\/crypto-tidbits-bitcoin-branded-a-scam-ethereum-upgrade-completed-telegrams-ico-in-crisis\/\">Crypto Tidbits: Bitcoin Branded a Scam, Ethereum Upgrade Completed, Telegram\u2019s ICO in Crisis<\/a><\/h6>\n<h2>Bitcoin &amp; Crypto Tidbits<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/ktsl888.com\/2020\/01\/10\/elon-musk-just-dropped-the-bitcoin-bomb-on-twitter-again\/\">Elon Musk Drops the &#8220;Bitcoin&#8221; Bomb on Twitter<\/a>:\u00a0<\/strong>In a tweet published Friday morning, SpaceX and Tesla CEO Elon Musk <a href=\"https:\/\/twitter.com\/elonmusk\/status\/49255424\" rel=\"nofollow\">joked<\/a> that &#8220;Bitcoin is *not* my safe word.&#8221; \u00a0(If you don\u2019t know what \u201csafe word\u201d means, please search it up.) The tweet quickly went viral, garnering over 100,000 likes on Twitter. It isn&#8217;t clear what exactly the technology entrepreneur was suggesting in tweeting this, though he has long referred to this industry with jest. Musk joked he was the chief executive of Dogecoin during April Fool\u2019s Day in 2019, <a href=\"https:\/\/ktsl888.com\/2019\/04\/30\/elon-musk-signal-boosts-ethereum-elicits-quippy-response-from-crypto-community\/\">once randomly tweeted \u201cEthereum\u201d, <\/a>\u00a0and once joked about &#8220;cryptocurrency&#8221; being his safe word.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is *not* my safe word<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/49255424?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 10, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<ul>\n<li><strong>Japanese Corporations Enter Crypto Mining Game: <\/strong>According to a\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-07\/world-s-largest-bitcoin-mine-said-to-land-sbi-gmo-as-customers\" rel=\"nofollow\">recent report from Bloomberg<\/a>\u00a0published on January 7th, SBI Holdings \u2014 a financial services company group based in Tokyo, Japan that works closely with crypto-centric fintech upstart\u00a0Ripple \u2014 and GMO Internet, an internet service provider that has been mining cryptocurrency for multiple quarters now, has entered an agreement with Nothern Bitcoin AG subsidiary Whinstone Inc. This agreement allows the two Japanese firms to use Whinstone&#8217;s facilities in Rockdale, Texas to mine Bitcoin and likely other cryptocurrencies. Whinstone\u2019s parent company, Northern Bitcoin, has said that their Rockdale-based facility will have a mining capacity of 1 gigawatt by the end of 2020, a record.<\/li>\n<li><strong>Chinese Tech Giant Baidu Launches Blockchain Beta:\u00a0<\/strong>On January 6th, Baidu \u2014 a Chinese technology and internet giant most often called \u201cChina\u2019s Google\u201d here in the West \u2014 unveiled its latest project: \u201cXuperchain,\u201d a blockchain system for businesses, now going into beta. According to the translated version of a <a href=\"https:\/\/xchain.baidu.com\/\" rel=\"nofollow\">flashy new website<\/a> outlining this new offering, this now-in-beta network will allow users, preferably operators of smaller businesses, to build and deploy blockchain applications to help bolster their businesses.<\/li>\n<li><strong>Bitcoin CME Options Launch Nears:\u00a0<\/strong>Next Monday, January 13th, the CME will launch a Bitcoin options derivative market, which analysts will say will boost institutions&#8217; capability to hedge risk and invest in this market.<\/li>\n<li><strong>NBA Player to Soon Use Ethereum: <\/strong>Brooklyn Nets player Spencer Dinwiddie revealed that he will soon be launching a bond representing himself on the Ethereum blockchain in collaboration with security token platform Securitize.<\/li>\n<li><strong>Bitcoin Exchange Deribit Leaves Europe as Regulatory Pressure Mounts:<\/strong> In a\u00a0<a href=\"https:\/\/blog.deribit.com\/uncategorized\/deribit-moving-to-panama-kyc-february-2020\/\" rel=\"nofollow\">blog post<\/a>\u00a0published on January 9th, Bitcoin\u00a0derivatives\u00a0platform\u00a0Deribit, a platform frequented by many crypto traders, revealed that it is officially leaving the Netherlands due to the Fifth Anti-Money Laundering Directive (5AMLD), a regulation set to be implemented in a majority of European countries on January 10th. Deribit will be setting up operations in Panama, where there are laxer laws, to operate the new platform. \u201cThe Platform will move to Panama, as we wish to continue offering an easily accessible trading platform at very low costs. Regardless of this move, Deribit users will still need to comply with KYC laws to trade Bitcoin on the platform, with all being forced to submit their legal name, name, date of birth, address, and country of residence.<\/li>\n<\/ul>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Another week, another round of\u00a0Crypto Tidbits. The second week for the year 2020 was a lot more exciting for Bitcoin and the broader cryptocurrency space than the first. Per data from Coin360, the leading digital asset, BTC, gained 10% on the week, hitting $8,160 as of the time of writing this. Altcoins across the board have posted similar gains, with forks Bitcoin Cash, Bitcoin SV, and Litecoin really standing out.\u00a0 Market aside, the underlying industry was as busy as ever, with there being a number of stories published over the past seven days that could have a larger impact on the cryptocurrency space. \u00a0They are as follows. Related Reading: Crypto Tidbits: Bitcoin Branded a Scam, Ethereum Upgrade Completed, Telegram\u2019s ICO in Crisis Bitcoin &amp; Crypto Tidbits Elon Musk Drops the &#8220;Bitcoin&#8221; Bomb on Twitter:\u00a0In a tweet published Friday morning, SpaceX and Tesla CEO Elon Musk joked that &#8220;Bitcoin is *not* my safe word.&#8221; \u00a0(If you don\u2019t know what \u201csafe word\u201d means, please search it up.) The tweet quickly went viral, garnering over 100,000 likes on Twitter. It isn&#8217;t clear what exactly the technology entrepreneur was suggesting in tweeting this, though he has long referred to this industry with jest. Musk joked he was the chief executive of Dogecoin during April Fool\u2019s Day in 2019, once randomly tweeted \u201cEthereum\u201d, \u00a0and once joked about &#8220;cryptocurrency&#8221; being his safe word. Bitcoin is *not* my safe word &mdash; Elon Musk (@elonmusk) January 10, 2020 Japanese Corporations Enter Crypto Mining Game: According to a\u00a0recent report from Bloomberg\u00a0published on January 7th, SBI Holdings \u2014 a financial services company group based in Tokyo, Japan that works closely with crypto-centric fintech upstart\u00a0Ripple \u2014 and GMO Internet, an internet service provider that has been mining cryptocurrency for multiple quarters now, has entered an agreement with Nothern Bitcoin AG subsidiary Whinstone Inc. This agreement allows the two Japanese firms to use Whinstone&#8217;s facilities in Rockdale, Texas to mine Bitcoin and likely other cryptocurrencies. Whinstone\u2019s parent company, Northern Bitcoin, has said that their Rockdale-based facility will have a mining capacity of 1 gigawatt by the end of 2020, a record. Chinese Tech Giant Baidu Launches Blockchain Beta:\u00a0On January 6th, Baidu \u2014 a Chinese technology and internet giant most often called \u201cChina\u2019s Google\u201d here in the West \u2014 unveiled its latest project: \u201cXuperchain,\u201d a blockchain system for businesses, now going into beta. According to the translated version of a flashy new website outlining this new offering, this now-in-beta network will allow users, preferably operators of smaller businesses, to build and deploy blockchain applications to help bolster their businesses. Bitcoin CME Options Launch Nears:\u00a0Next Monday, January 13th, the CME will launch a Bitcoin options derivative market, which analysts will say will boost institutions&#8217; capability to hedge risk and invest in this market. NBA Player to Soon Use Ethereum: Brooklyn Nets player Spencer Dinwiddie revealed that he will soon be launching a bond representing himself on the Ethereum blockchain in collaboration with security token platform Securitize. Bitcoin Exchange Deribit Leaves Europe as Regulatory Pressure Mounts: In a\u00a0blog post\u00a0published on January 9th, Bitcoin\u00a0derivatives\u00a0platform\u00a0Deribit, a platform frequented by many crypto traders, revealed that it is officially leaving the Netherlands due to the Fifth Anti-Money Laundering Directive (5AMLD), a regulation set to be implemented in a majority of European countries on January 10th. Deribit will be setting up operations in Panama, where there are laxer laws, to operate the new platform. \u201cThe Platform will move to Panama, as we wish to continue offering an easily accessible trading platform at very low costs. Regardless of this move, Deribit users will still need to comply with KYC laws to trade Bitcoin on the platform, with all being forced to submit their legal name, name, date of birth, address, and country of residence. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":407402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[287,428,8375,2562],"class_list":["post-410573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-baidu","tag-bitcoin","tag-elon-musk","tag-japan"],"acf":[],"yoast_head":"\n<title>Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu&#039;s Blockchain Beta<\/title>\n<meta name=\"description\" content=\"Another week, another round of\u00a0Crypto Tidbits. 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