Lofoten Islands: Is this Arctic paradise the world’s most beautiful place? – Yachting World

Emily Caruso is blown away by the beauty of Norways Lofoten Islands, which have been described as the worlds most beautiful place

I could already feel the wind pick up while I was sitting at the navstation of the Bowman 57 Oriole as she dug in and started to heel assertively. A reef was needed and first mate Holly Vint peered below decks expectantly.

An arctic gale had been forecast nearby though not for our specific area and I was about to experience another learning curve moment on the effects of topography and localised anomalies in this unique corner of the world. Sailing inside the Arctic Circle, I should have been in full offshore clothing, but the balmy conditions of previous weeks leading up to our recent crew change in Troms had made me complacent.

Reefing Oriole requires work at the mast where the majority of control lines are led, a position that left me vulnerable to every freezing wave that crossed her deck. I wound up drenched, freezing cold and should have been better prepared.

Crew training at the start of the Lofoten voyage

Gabriella Giuffre, an engineer design manager from the UK, managed the helm while the rest of our expedition crew looked on from the safety of the cockpit, appreciating the warmth of the Fladen suits wed been issued with. Comfort zones were being challenged and my own preconceptions of what arctic sailing conditions might involve had been well and truly met.

Oriole was content with her new sail plan and our eclectic crew of expedition sailors pushed on through to our destination port of Nergardsvik, which provided us with perfect shelter from the strong south-westerly winds, which consistently blew more than 30 knots.

The gale made it easy to forget the almost faultless sailing conditions wed encountered on the open stretch of water that brought us south from our previous anchorage on the south of the island of Senja; a stunning and relatively shallow location that allowed plenty of reaction time should the wind shift or increase overnight which it did.

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Close encounters of the rocky kind are normally the stuff of sailors nightmares, but the unique glacial grooves cut into

Congratulations, captain. Dave McKay, one of our regular crew aboard Isbjrn, had those words for me as we dropped anchor

As we approached Nergardsvik harbour, we could see there were few places to come alongside. The new marina to the east was too shallow and so we had only the option of one pontoon end, which was conveniently made available by a departing motorboat. Perfect timing!

The cold, rough weather we experienced just three days and less than 60 miles into our overall expedition was a significant exception to the rule as the Lofoten Islands represent a really interesting climate anomaly. Despite their latitude on the 68th and 69th parallels, the Gulf Stream delivers a relatively temperate climate, making the area the most northerly on the globe to experience average temperatures above freezing.

Add to this the fact that from early May to mid-July the sun doesnt drop below the horizon and here is a truly unique cruising ground which exceeded any expectations I could have imagined.

Helming was a delight during long, sunny days in the Lofotens

The first few days without darkness were novel but after that it became evident that our human behaviours are intrinsically related to the cycle of the sun. Sleeping became difficult and time awareness and normal daily patterns were hard to control.

Seeing the midnight sun for the first time and then constantly every day makes you very aware of the high latitude, despite the balmy temperatures. I couldnt imagine living here between early December and January when there is no rising sun: its easy to see why many of the residents are seasonal, living out the winter back on the mainland and significantly further south.

The Lofoten Islands are famous for their great cod fisheries as the fish also migrate south during winter from the Barents Sea, and cod racks of dried fish heads are a common sight on the islands.

On many occasions throughout our arctic adventure wed anchor and expectantly throw a fishing line over the side. The catch was always abundant and wed often settle down to a dinner of freshly caught cod to supplement the variety of ingredients we had provisioned on board. Theres something idyllic about fishing for your dinner against a backdrop of snow-capped mountains, surrounded by the splendour of the Norwegian Fjords.

Our Bowman 57 has a large saloon, which provides a fantastic social setting to share meals and exchange stories. As we dined on cod at anchor in the Sigerfjord many tales were told and toasts given while Oriole held fast in the lee of the surrounding landscape on her trusty 40kg Rocna anchor and plentiful chain.

Maximising the potential for cruising in this part of the world requires a boat equipped to deal with remote and deep anchorages and that can sustain itself for extended periods without relying on the facilities of a fully equipped marina. Our trickiest task was to find fresh water to top up the 1,000lt tank capacity and we carried a lengthy water hose, which proved one of our most valuable assets.

Resources such as fuel and water are available along the way but having to rely on regular refilling could easily mean missing out on some of the most spectacular remote anchorages between harbours.

As we finally reached the Lofoten Island chain the crew became excited as we neared the world famous Trollfjord, the spectacular and much-anticipated high point in the voyage. The wind was as fickle as ever among the soaring rock faces that surrounded us and so we motor-sailed as we ate lunch, spotting sea eagles along the way and admiring every inlet and cove as we made our way south.

Above us the cloud formations danced around the mountain peaks while periodically revealing a blue sky and perfect sunshine, and aboard Oriole crew member Emma produced a stunning lemon drizzle cake that shed baked as we passed through this remarkable landscape.

Orioles Lofoten crew came from various walks of life for the adventure

It was amazing yet reassuring that a place of such incredible natural beauty was so remarkably quiet. Cruise ships regularly navigate this route, incredibly turning 180 within the confines of the fjord walls with a clearance of just a few metres either side. Just a few boat lengths of deep emerald green water separate the snow-capped cliffs, with waterfalls on either side and wooden Norwegian summer houses at the waters edge.

Oriole was respectfully quiet as every one of us absorbed the landscape and the contrast of vibrant green flora alongside the harsh rock faces. The abundance of bird life that occupied the crevices and ledges provided us with endless entertainment and it felt very special to share this environment with its natural inhabitants.

After being completely overwhelmed with the beauty of the Trollfjord, we started to head further south to explore some of the less visited areas of the Lofoten Islands, investigating a variety of anchorages along the way.

Orioles crew shore party at Lille Molle

Our eventual need to top up the water tanks brought us to the picturesque fishing harbour of Skrova. The visitors pontoon was out of space, so we came alongside on a private pontoon belonging to one of the local residents.

It was refreshing to experience a culture that embraces the arrival of visitors. Rather than turning us away, local man Per was happy for us to spend a few nights on his berth and even provided us with the use of a fresh water hose to fill our tanks.

And just a short walk along the adjoining road led to a most unlikely and remarkable artistic display of photographs of the islands, situated in a rocky tunnel (with protective hard hats provided for visitors).

During our stay, the crew found a beach on the north side of the island that could be compared to any tropical paradise, and which provided spectacular views of an anchorage to the north east. We identified the location as Lille Molle and decided to make passage there the following day to anchor and explore.

The tender was inflated and the shore party, led by first mate Holly, set off ashore for a brief evening jaunt to see the rare sight of sea eagles nesting with their young. Next stop, Reine is certainly the most tourist-driven destination that we visited through our voyage and yet it seemed so quiet given the time of year and the exquisite experience that it has to offer.

The village of Reine has been described as the most beautiful place in the world

This little corner of paradise is situated on the island of Moskenesya towards the southern end of the Lofoten chain. Regular ferries from Bod bring summer visitors to this beautiful fishing port and daily boat trips run to different locations within the nearby fjords for ramblers and hikers of all levels of experience.

The small visitors marina was too shallow for our draught but there was just enough pontoon space next to the fishing quay. So we spent a full day in Reine to allow the crew the chance to explore, walking through stunning scenery to picturesque beaches. A few of us even braved the icy waters for a very rapid dip that proved both invigorating and bracing.

From our berth it was a fairly long trek to the nearest supermarket for final victuals but that was no hardship given the scenery and weather. Despite the generally high cost of provisioning in Norway we were able to buy fresh seafood at reasonable prices and came back with an abundance of prawns for our final dinner ahead of our last open water sail back to Bod.

Reine is a tourist destination, though youd hardly know it

Our penultimate night was to be spent at an amazing anchorage at the island of Landegode, Sandvik, just 10 miles from our final destination, and we had a spectacular 65-mile reach back towards the mainland with a flat sea and clear skies as Oriole revelled in the near perfect conditions.

Id chosen the anchorage based on the forecast and had expected to rest in the lee of the rock faces that sat to the north, but instead the breeze accelerated and veered around the cliffs as we made our first approach.

We made a few attempts before I was finally happy to turn off the engine. Thankful for another secure night at anchor we awoke to brilliant sunshine and impressive temperatures as, once again, arctic Norway continued to surprise us.

Sandy beaches and tranquil waters on the island of Landegode

The neighbouring beach was too attractive to resist and we set off ashore in the RIB for a final swim. There were squeals of surprise as the more adventurous crew submersed themselves in the cold water, tactically dodging the odd jellyfish that floated past.

Our crew had a mixed level of experience and background representing a variety of ages and occupations everything from high ranking police officer to a building developer and teacher all of whom were looking to take part in an expedition holiday to push their comfort zones and explore some of the less easily accessible parts of our planet.

Regardless of what expectations or preconceptions each crewmember brought, this part of the world could not fail to deliver a remarkable and unique experience for all.

Oriole lying to anchor at Landegode

Norway is expensive for foreign visitors; your average pint of beer costs around 10 and dining ashore is a rare treat for the majority. The Lofoten Islands are no exception to this. The flip-side is an unbelievable example of Mother Nature at her finest (which the Norwegians manage to sustain whilst still producing 4G phone coverage and impressive accessibility, despite the islands remoteness!).

The flora and fauna are abundant and every day brought another entirely unspoilt vista. The Lofoten Islands simply have to be one of the most beautiful cruising areas in the world, and are certainly a place best explored from the water.

The weeks from mid-May and throughout June will deliver the quietest cruising experiences, with school holidays in Norway bringing more visitors from mid-July to mid-August.

The midnight sun will be visible through this period too and is a phenomenon that should be witnessed by every sailor in their lifetime, as should the wonderful landscapes and seascapes that the Lofoten Islands have to offer.

Be prepared to be self-sustaining to maximise the potential of your visit, given both the price of provisioning locally and the availability of resources in remote locations.

Make the effort, however, and the Lofotens experience will far surpass any preconceptions you may have. This place really is something very special.

First published in the August 2018 edition of Yachting World.

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Lofoten Islands: Is this Arctic paradise the world's most beautiful place? - Yachting World

Unmissable Greek islands: the 14 best islands for holidays and hopping – woman&home

Whether you want to go island hopping or just want a relaxing holiday, these are the best Greek islands for type of trip

Island hopping in Greece is one of the most popular ways to see this European nation, but there are so many to choose from its hard to know where to start. Weve done most of the hard work for you, rounding up the best Greek islands for holidays and island hopping.

Best Greek Island for the whole family

Crete has mass appeal. Its got everything you could want from a Greek island holiday: stunning beaches, excellent resorts, incredible scenery, bucolic villages and a long, fascinating history. Its also the countrys largest island, so theres plenty to keep you occupied if beach bumming isnt your bag.

Active types can hike along canyons, cycling among orchards, kayak on the ocean or simply snorkel in the warm Mediterranean Sea. While history buffs will love the ruins of the Palace of Knossos and the Heraklion Archaeological Museum.

Beach-wise, theres plenty of space to lay down your towel on the islands vast coastline. Beeline for Elafonisi to see pink-tinged sand, Mtala for romance come dusk and Frangokstello for fine sand.

How to get to/from Crete? There are direct flights from most major UK airport to Cretes three airports in Heraklion, Chania and the smaller Sitia. Heraklion and Sitia also have ferry ports, which connect to Santorini, Milos, Kasos and Rhodes.

Where to stay in Crete? There are plenty of hotels and holiday resorts in Crete for all budgets. For something sophisticated try Sensimar Elounda Village Resort & Spa by Aquila, which offers all-inclusive rates and high-end luxury. A more affordable option is Arminda Hotel & Spa a great option for families.

Best Greek island for wild parties & serene village life

With typical Cycladic scenery think dusty hills peppered with pretty whitewashed villages Ios is easy on the eyes. Its also well known for its wild party scene, though, so be prepared for late nights if you go out on the town. But you dont have get into the party mood if something more serene is your scene.

We love Ios for its small village vibes. The islands capital, Chora, is a rival to neighbouring Santorinis scenery whitewashed houses with touches of blue tumbledown a steep hill to a pretty harbour overlooking the Aegean. And it doesnt even have half the crowds, either. There are gorgeous, untouched beaches and majestic seaside churches, as well as the tomb where world-famous poet, Homer, was buried.

Book it: We love Riviera Travels Greek island-hopping cruise which tours the blissful Ionian islands over eight days from 1,499. Find out more information here.

How to get to/from Ios? Fly to Santorini and take a two-hour ferry, or into Athens and take the ferry (runs 4-5 times per week; takes 4-8 hours) from the citys main port, Piraeus. Ferries connect Ios to the likes of Naxos, Anafi, Paros, Milos and Mykonos.

Where to stay in Ios? Small and stylish with a spectacular seaview location, we love Liostasi Hotel & Suites. Rooms are small but come with balconies and the pool overlooks the Aegean Sea. The absolute best accommodation on the island, though, has to be Calilo: think gorgeous marble interiors, a variety of serene outdoor pools, a private beach and a leafy estate with more than 41,000 trees to find shade under. Stay at Calilo for more than 5 days and youll get discounted helicopter transfers, too.

Best Greek island forIntriguing architecture

With resorts and beaches aplenty, Corfu is a crowd-pleaser and its easy to reach, too. But one of the unexpected highlights of this island is exploring the unique architecture throughout its towns. With Venetian, French and British influence behind it, there are some fascinating fortresses, French-style arcades and a few grand palaces worthy of Kings and Queens.

Explore the islands medieval capital Corfu Old Town is a warren of alleyways filled with gift shops and cafes. Or head up to Old Peritha, an ancient mountain village that was abandoned by its residents in the 1960s and is now a gorgeous hideaway with views out to the Ionian islands and neighbouring Albania.

Speaking of Albania, its just a 20 euro ferry ride away, so make your island hopping holiday a border hopping one too with a trip across the sea to this intriguing, former communist country.

How to get to/from Corfu? There are regular direct flights from most major UK airports to Corfu. Ferries also run to and from the Greek mainland, Saranda in Albania, and Bari and Venice in Italy.

Where to stay in Corfu? If you want to soak in the romantic, secluded atmosphere of Old Peritha, stay at the Merchants House a glorious little B&B filled with antiques, run by a kind couple who source as much as possibly locally. For a five-star resort, you cant go wrong with Grecotels Corfu Imperial, which has five private beaches, a large outdoor pool and plenty of dining options.

Best Greek Island for Feeling rich & famous

Hydra has long been a location the well-heeled with celebrity status flock to Leonard Cohen bought a mansion here, and the island found fame thanks to the Michael Cacoyannis film A Girl in Black. And today its still just as popular with the A-listers, having attracted the likes of Eric Clapton and even The Rolling Stones too.

But its not all glitz and glam theres an understated luxury to this island, with its nearly car-free roads and old, crumbling buildings. Walkers will love the island outside of the hottest summer months local maps are available but the coastal path is easy enough to follow without. There are a few old mansions on the island that have now been turned into museums Lazaros Koundouriotis is one of the best, with gorgeous interiors and intriguing objects on display from the islands maritime heyday. Beaches arent spectacular here, but good stretches can be found at pebbly Limniniza and shingle Avlki.

More like this: The best family holiday resorts in Europe according to mums

How to get to/from Hydra? Ferries connect Hydra to the mainland from the port at Piraeus. Boats also run between Hydra and the surrounding islands, including Sptses for day trips.

Where to stay in Hydra? We love the characterful Orloff Boutique Hotel, with its antique furniture and cosy outdoor seating, or the biggest four-star hotel on the island, Bratsera. Theres a pool, cosy bedrooms and glorious mountain views.

Best Greek Island for A great all-rounder

Rhodes has many virtues a beautiful old town, a cosmopolitan resort, stunning sandy beaches and ancient history to boot. This makes it a perfect all-rounder for family holidays or romantic couples getaways.

Active types will love hiking through the Valley of the Butterflies, where thousands of the creatures flit about, attracted to the nectar secreted by the trees. Those seeking retail therapy should head to the Old Town for boutiques and Mandraki for big-name stores, and beach bums will be spoilt for choice by the various stretches of sand that edge this gorgeous isle. Kiotari and smaller Agathi are the best in our books.

Big, brash, late-night parties can be found in Faliraki if that takes your fancy, and quieter, more laid-back life can be experienced in one of the islands may villages such as Apollona or Lardos. Dont forget to taste some local wine, too Rhodes was once one of the largest wine merchants in the Med.

How to get to/from Rhodes? Ryanair fly direct to Rhodes from Stanstead. Ferries connect Rhodes to the mainland from Piraeus 12 times a week, and there are regular boats to the likes of Syros, Tilos, Thira, Kos, Naxos and more.

Where to stay in Rhodes? Family fun can be found at Amathus Beach Hotel, which has four pools, a private beach and big kids pool too. Theres a playground, tennis court, ping pong table and oversized chess, too. For a romantic couples escape, try the adults-only Boutique 5 Hotel & Spa, where sea views and direct beach access make for a dreamy escape.

Best Greek Island for Foodies & philanthropists

Famous for its olive trees and excellent vines, Lesvos has been a foodie hub for centuries. The island is also responsible half of Greeces ouzo output, so anyone with a taste for boozy aniseed will love this little escape.

There are dreamy seaside resorts, beautiful little fishing villages and quaint hilltop towns well worth exploring. But theres a darker side to the island that all visitors should know about. People fleeing conflict from all over the world have come here in search of asylum and better lives, and camps are set up across the island to handle the processing of thousands of refugees.

While tourism to Lesvos has seen a decline in recent years due to the refugee crisis, with hundreds of people landing on its shores daily, the island still needs visitors and you can help the local economy just by going there. If you want to go one step further and make a small difference in the migrant camps, bring some supplies and connect with local volunteer distributors, Attika, who can send them out to those in need.

How to get to/from Lesvos? Ferries run from Piraeus and Kavala in the north on mainland Greece, and there are boat connections betwee the island and Chios, Lemnos, Samos, and Ikaria.

Where to stay in Lesvos? Get your own villa with a private pool at A Luxury Villas, or book into Heliotrope Hotels for sea views, a good-sized pool and beach access.

Best Greek Island for An off-the-beaten-track adventure

Closer to Turkey than to mainland Greece, Chios is a pretty off-the-beaten-track adventure. Head to Kambos, once home to the islands leaders, to see stately mansions of a byegone era, and visit the mastic villages, a collection of 20 settlements where the trees shed the tears of Chios little mastic crystals every August, creating peculiar white, snow-like patterns on the ground.

Anavatos, an abandoned medieval village, is an intriguing and atmospheric day trip, and foodies will love the abundance of citrus fruit. Fresh orange juice in the morning has never tasted so good

More like this: Travel companies that go the extra mile to make your holiday sensational

How to get to/from Chios? Connect to a flight to Chios from Athens or Thessaloniki airports on the mainland, or take a ferry from Piraeus or Lavrio. There are also boat connections to nearby Lesvos, Efstratios, Samos, Ikaria and Tsesme in Turkey.

Where to stay in Chios? Stay in Chios town (Chora) for the best restaurants and bars we love Agora Residence, a collection of serviced apartments and studios inside a renovated 19th-century mansion. For the quiet life, head to Erytha Hotel & Resort where youll get endless sea views and simple but cleanly decorated rooms.

Best Greek Island for Brilliant beaches

Naxos has certainly got one of the finest beaches of all the Greek islands. The entire southwest coast forms one long beach, with numerous resorts and hotels on its shores for a spectacular seaside escape.

In the Kstro area of the main town and youll find plenty to keep you busy for a week, such as the ancient Apollo Temple and an archaeological museum, alongside hopping between coves and beaches. Local food is a highlight here, too, with the small potatoes grown across the island a total hit, alongside all manner of island-produced cheeses.

How to get to/from Naxos? There are regular flights from Athens to Naxos, and BA and easyJet fly to nearby Mykonos which connects via ferry. There are also ferries from Piraeus, Crete and most of the other Cycladic islands too.

Where to stay in Naxos? In Naxos town, we love Nissaki Beach Hotel which has great beach access and bright and breezy decor. Beachfront villas further down the coast are equally lovely at Salinus Naxian.

Best Greek Island for Traditional village life

Famed for its hedonistic nightlife, Mykonos is more than just superclubs and hangovers. There are beautiful beaches and the buzzy little capital, Hora, but its interior is where youll find serene peace and quiet.

Ano Mera is a gorgeous little town in the centre of the island, with whitewashed houses, a taverna-filled main square and the Tourliani Monastery founded in 1537, its a glorious old domed church with a collection of treasures inside.

How to get to/from Mykonos? Direct flights from Athens take just 35 minutes and ferries go from Piraeus and Rafina ports near the city. There are connections islands such as Ios, Crete, Paros, Thira and Tinos.

Where to stay in Mykonos? Hilltop bliss can be found at Amallini Suites near Ano Mera, where theres a pool, beautiful original exposed brick interiors and glorious views out to the ocean. Elia Mykonos Resort by the Sea is a good bet for direct beach access and four-star service.

Best Greek Island for Instagram-worthy views

Better known as Shipwreck Island and Zante, Zakynthos has featured on many a tourist brochure thanks to its enormous, rusting shipwreck on Navagio beach. Theres a viewpoint north of the beach atop precipitous cliffs, looking down on the enormous crumbling hull of the MV Panagiotis, which ran aground in 1980 after reportedly trying to smuggle in tobacco and other illegal products.

Elsewhere on Zakynthos, there are more spectacular views of azure oceans and white sandy beaches. Theres water so clear youll be able to see toes right on the bottom of the ocean floor, and even sulphur springs if you know where to look (tip: head to Xigia beach).

How to get to/from Zakynthos (Zante)? easyJet and Jet2 fly to Zakynthos regularly throughout the spring and summer seasons. Theres also year-round flights from Athens. Ferries travel between most of the Ionian islands, as well as the mainland ports of Patras and Kyllini.

Where to stay on Zakynthos (Zante)? For adults-only fun, book into Lesante Blu, set in a rural spot near the resort town of Tragaki. The pool overlooks the ocean and many rooms have lovely sea views. The food is sensational, too. Diana Palace Hotel has two pools, unusual contemporary decor and is a hit with guests.

Best Greek Island for A breath of fresh air

This little bat-shaped isle in the Dodecanese is tiny. There are fewer than 1,500 residents and it has just two towns to explore. On the northern half of the island youll find the tiny settlement of Analipsi, where there are laid-back beach bars serving fresh juices in the morning and cocktails by night, and beachfront restaurants make for romantic evenings under the stars.

The southern side of the island, Astypalea is the main hub, welcoming ferries from nearby islands and with plenty of tavernas and hotels. Theres an archaeological museum and the ruins of a hilltop castle overlooking the ocean, but the absolute best thing about this island is that its almost entirely smoke-free. Astypalea has become the worlds first Smoke-Free Culture island, meaning the air is extra fresh and youll never need to worry about second-hand smoke.

How to get to/from Astypalea? SkyExpress run flights to Astypalea from Athens, Rhodes, Kos, Santorini and more, and ferries connect the island to Athens main port Piraeus, as well as Kos, Rhodes, Tilos and Symi.

Where to stay on Astypalea? Maltezana Beach Hotel is, as you might expect, right on the beach on the northern half of the island. Theres a great pool and good food in the homely restaurant. The superb Pylaia Boutique Hotel & Spa is the top pick on the south side of the island, tucked away among the hills on the coast, with sea views, minimalist decor and an excellent spa.

Best Greek Island for Sensational views

Santorini really needs no introduction. Weve all seen those stunning shots of whitewashed houses tumbling down towards the rich-blue ocean, with classic Greek Orthodox church domes in view. Santorini is synonymous with luxury, but theres much more to this popular island than Instagrammable views and stunning sunsets.

We love Pyrgos Village, the islands former capital which is now a sleepy little settlement away from the hustle and bustle of Fira and Oia, with cute little tavernas for fresh-fish lunches and a spot of afternoon ouzo. Also dont miss Akrotiri, another little village hidden away on the south coast with a striking red beach backed by ochre-coloured cliffs.

How to get to Santorini? easyJet run non-stop flights to Santorini year-round and British Airways have seasonal flights throughout spring/summer. There are plenty of ferries connecting Santorini to the mainland and islands like Anafi, Ios, Zakynthosm Mykonos, Milos and Naxos.

Where to stay on Santorini? For a hotel with serious character and a luxurious vibe, check into a former convent at Agialos Hotel in Fira. With stunning views over its whitewashed rooftops, youll get the classic Santorini scenery and sunsets alongside contemporary rooms, beautiful food and a small pool. For a more affordable stay, head to Armeni Village Hotel in Oia, which has equally gorgeous sea views and beautiful, minimalist interiors.

Best Greek Island for Beaches aplenty & off-season escapes

Most Greek islands have a good selection of sandy stretches to explore, but on Skiathos there are over 50 beaches to choose from, so youre spoilt for choice here. Thats why its absolutely overrun with visitors from around Europe come summertime. To avoid the crowds, though, come in spring or early summer (May/June are best) or take a late summer sun break and visit from mid September onwards. Temperatures are still in the low 20s even in October.

The islands best beaches include Koukounaris think fine sand, watersports and sunbeds aplenty and the Big and Little Banana beaches, which have spectacular sunset views. On the eastern side of the island, Vromlimnos has a great taverna and plenty of sunbeds and watersports available.

How to get to Skiathos? British Airways has regular flights to Skiathos throughout peak season (June through September), and there are lots of ferries to and from the mainland (Agios Konstantinos on the east coast), as well as surrounding islands like Chora, Volos, Alonissos and Glossa. There are also regular flights from Athens.

Where to stay on Skiathos? For small-scale luxury, book into Skiathos Mystery where chic rooms and rooftop views are accompanied by a great pool and even better service. For something a little more lavish, try Skiathos Princess Hotel, which has plush furnishings and direct access to one of the islands top beaches.

Best Greek Island for Roman ruins & ancient architecture

The beaches on Kos are fantastic, but the highlight on this Aegean isle is the plethora of ancient sites. The Roman Odeon is one of the most important sites on the island, dating back to the second century AD. It has a capacity of 750 and was built to host musical competitions and political debates at the time.

Elsewhere theres the medieval castle of Neratzia, an abandoned town and Byzantine castle in Pyli and the second-century BC temple of Hercules. All of this sits alongside glorious stretches of sand lapped by the warm Mediterranean, and great hiking and biking opportunities. Theres also a host of family-friendly attractions, such as waterparks for the kids. Come in summer to celebrate at the Hippocratia Festival, which involves all manner of traditional dancing, singing, costume and food.

How to get to Kos? Both easyJet and Jet2 have direct flights to Kos, and there are internal flights from Athens with SkyExpress and Olympic. Ferries arrive to Kos from Piraeus, Syros, Rhodes, Naxos, Leros, Astypalea and many more.

Where to stay in Kos? TUIs adults-only resort, Sensimar Palazzo Del Mare, is a gorgeous getaway for anyone seeking a romantic escape. The huge resort has ample pool and sunbed space, and has its own beach. Wellness-focused Diamond Deluxe Hotel has a fantastic spa, indoor and outdoor pools and enjoys glorious sunset views.

Whichever Greek island you choose for your holiday, youre bound to have a spectacular time.

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Unmissable Greek islands: the 14 best islands for holidays and hopping - woman&home

New Documents Reveal How Much Money Epstein Earned After His Conviction – The Ring of Fire Network – The Ring of Fire Network

Via Americas Lawyer:RTs Brigida Santos joins Mike Papantonio to break down a report showing how Jeffrey Epsteins company Southern Trust managed to secure over $200 million in funding even AFTER hed been convicted of pedophilia.

Transcript:

*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Mike Papantonio:Newly disclosed financial statements reveal the Jeffrey Epsteins company raked in nearly $200 million in revenue after, after he was convicted of soliciting a minor for prostitution. The documents provide a glimpse into the mysterious finances of the deceased sex offender. RTs, Brigida Santos joins me now from Los Angeles with the story. Brigida, what can you tell me about Epsteins company, this Southern Trust where all this mysterious money seems to be rolling in?

Brigida Santos:Well, Epstein launched Southern Trust in 2012 just years after his 2008 conviction for soliciting a minor for prostitution. It operated out of an office in the Virgin Islands and allegedly worked on developing a DNA mining service to help pharmaceutical companies reduce the need for clinical trials. The company was Epsteins attempt at rebranding himself and rebuilding his business after his previous company, Financial Trust, suffered massive losses in the financial crash and lost its biggest client. Epstein was also trying to rehabilitate his image after registering as a sex offender. Southern Trust ended up earning him nearly $200 million in revenues over a five year period, despite all the scandals surrounding him.

Mike Papantonio:Yeah. Epstein had this love affair and they seem to have a love, love affair with Epstein, with MIT, Harvard, Yale. Its like, its like theyre, whenever he asked for money or whenever they asked him for money, there was always this access that he was able to build and all of a sudden hes going to be this science guy. But then when you take a look at the interviews that they did with some of these folks involved in these, in these creepy little projects, you understand they all regarded him as a little, as a dope. I mean, somebody who had no insight at all into the scientific issues that, that he was trying to put himself out front on. Who was, who was paying Epstein all this money Brigida?

Brigida Santos:Well, thats a great question. Its still unclear. We dont know what kinds of customers Epstein worked with after switching from Finance to this new alleged DNA research company. What we do know based on the documents is that Epstein likely switched his companys focus to avoid registering with federal securities regulators as required under the Dodd Frank act. Now, if Financial Trust did not manage money, it would not have to register, even though Epstein told officials that the company would still have a financial arm. In 2013 Southern Trust also earned him a 10 year 90% tax break from the Virgin Islands economic development commission. So he really knew how to game the system, go through loopholes and make money work for him.

Mike Papantonio:Well, heres the interesting thing. Any, most of the time, for example, in this law firm, we always want to know who were doing business with. It doesnt take anything but a little bit of due diligence to find out this man wasnt just accused of one incident, he was a pedophile. For all practical purposes, anybody looking into the story knew that he was a pedophile, knew that he had been given a sweet heart deal by the DOJ for no good reason, understood all the facts that he was having sex with 14 year old girls.

And nevertheless, these science organizations thought it was interesting enough to say, hey, lets listen to him. And you know what? Maybe its a two way street. Maybe we get more money from Epstein and we give him money on the back end of it. Its, its, its gonna be interesting to be able to follow this money. Its also been revealed that Epstein secretly owned a second private Island in addition to a little St James in the Caribbean. What can you tell me about that?

Brigida Santos:Epstein acquired his second island known as Great St James Clay after tricking the owner into thinking that the buyer was a Dubai businessman tied to the Royal family. Now Epstein did this because the owner of that Island did not want to do business with Epstein after hearing testimony from underage victim after underage victim. So Epstein set up an opaque limited liability company to secure the $22.5 million sale. The Dubai businessman whose name Epstein used, that man said that he forbid Epstein from using his name on the shell company, but that Epstein did not listen. Now even with these new details, the mystery behind how Epstein made his fortune remains.

Mike Papantonio:Well, you know, the real part of this story thats, its becoming more and more troublesome is its all of these names that were attached to the Epstein ugly, ugly story. Now, after his death, the media, its like the typical corporate media. Theres not a shiny thing there anymore. Theyve revealed the names. You know, weve seen Dershowitz. Weve been seeing Bill Clinton, weve seen Trump. I could go on, you know, Prince Andrew, we can go on forever, but all of a sudden the media is not paying attention to it anymore and thats where the story is.

The, the, the follow-up to this story ought to be, why is it that MIT allowed Epstein to give so much money to MIT after they understood that the guy was a hopeless chronic pedophile that should be in prison? Why did Harvard do that? Why did all these science organizations say, yeah, his moneys just as good even after we knew that he was a pedophile? Its still a mystery to me. Maybe you can shed some light on it, Brigida. Why is it that we have a culture that was so accepting of this disgusting pedophile, simply because he had some money up front? Whats your take?

Brigida Santos:Unfortunately, money does drive everything, especially at these schools. You know, the former director of the MIT media lab said that he would take the money even today, and knowing what he knows about Epstein. It seems like they need this money to do their research and they dont care where it comes from.

Mike Papantonio:Yeah. Well thats sure played out itself on the Epstein story, but this is another angle and that is where is this mysterious $200 million coming from? Whos keeping Epstein alive after they know that hes a disgusting pedophile? Thank you for joining me.

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New Documents Reveal How Much Money Epstein Earned After His Conviction - The Ring of Fire Network - The Ring of Fire Network

How hotels are helping offset your eco guilt – Cond Nast Traveller India – The Last Word in Travel

Wildfires in Greece and Siberia, drought in Australia, floods in Kerala. The drastic impact of climate change is evident the world over. Severely hit by these disasters like every other industry, hospitality also shares the blame for adversely affecting the health of the planet.

The United Nations World Tourism Organization has estimated that hotels worldwide contribute to about 1 percent of total greenhouse gas emissions. Putting that in context, the Accor group has estimated that its environmental impact is equivalent to that of a city of 5,00,000 inhabitants. And thats one group of hotels with around 4,900 properties globally. Now imagine the impact of 2,00,000 hotels!

A study published in 2018 in Nature Climate Change reveals that between 2009 and 2013, tourisms global carbon footprint increased four times more than previously estimated, accounting for about 8 percent of global greenhouse gas emissions. The study took into account everything from air travel to hotels and souvenirs.

If the worlds hotels are to meet the Paris Agreement goal of limiting temperature rise to under 2 C, they will have to reduce carbon emissions by 66 percent come 2030 and by 90 percent by 2050. This, according to the International Tourism Partnership (ITP), a grouping of hospitalitys most powerful companies. All the measures recommended to achieve these goals aim to make businesses sustainable. And hotel owners are responding in small and big waysdoing away with non-recyclable plastic, reusing printer cartridges, adopting renewable energy and reducing portion sizes.

Indian and international hotel groups are now insisting suppliers have certifications from agencies like The Rainforest Alliance, which uses nearly 100 social, environmental and economic criteria to examine a companys policies. The Marine Stewardship Council does just that but on the seafood supply end. In fact, there are over 140 green certifications in useEarthCheck, Leadership in Energy and Environmental Design (LEED), Green Key, Green Growth 2050, Forest Stewardship Council (FSC) and Global Sustainable Tourism Council, among several others. These are applied to everything from construction standards to how ethically a product or ingredient is sourced and are based on a mind-boggling array of factors.

Green Growth 2050 has over 400 indicators covering all aspects of operation from environmental and plastic use to local hiring and workplace health, explains John Roberts, group director of Sustainability & Conservation, Minor Hotels. From the very basic stuff like getting rid of plastic water bottles, which we did when we first became members in 2008, to a whole section on occupational health and safety and human rights now. The list, quite literally, goes on!

The best-known certification, perhaps, is LEED, which is conferred by the US (and now Indian) Green Building Council. In India, properties of ITC Hotels were the first to achieve the highest such rating.

LEED Platinum standards address energy and water efficiency, indoor environmental quality, reduction, reuse and recycling of waste, sustainable site selection and use of sustainable material for construction and consumables, explains Dipak Haksar, chief executive of ITC Hotels and WelcomHotels. More than 53 percent of electrical energy demand is currently met by our own wind and solar farms. More than 50 percent of the paper, stationery and wood is either FSC-certified, sourced locally or recycled. We have reduced water consumption across ITC Hotels by 50 percent over the past five years.

From key cards to toiletries, one of the biggest challenges that a hotelor even the Earthfaces is plastic. Most significantly, single-use items such as straws, which dont disintegrate easily and are not recycled.

Look at the numbers: Marriott Internationalwith over 6,500 hotels worldwideuses over a billion plastic straws, 25 million plastic stirrers and 35 million mini toiletry bottles every year. Almost all of this goes straight to landfills. In 2018, the group announced it was phasing out plastic straws and stirrers and replacing them with more eco-friendly options that would only be provided on request. It has also begun to replace mini toiletry bottles with larger, reusable bottles. A number of other leading hotel brands, including InterContinental Hotels Group (IHG), Hyatt, Accor, Hong Kong and Shanghai Hotels, Soneva, ITC and Indian Hotels Company Limited (IHCL), have adopted both these measures.

IHCL has replaced plastic straws across all its properties with paper and bamboo straws, says PV Ramana Murthy, executive vice-president and global head of human resources at IHCL (better known as the Taj group), which has 81 hotels certified by EarthCheck. This helped us eliminate two million plastic straws from the ecosystem. Taj also launched its first zero single-use plastic hotel, Taj Exotica Resort & Spa, Andamans. Along with its own biogas facility, water-bottling plant, a reservoir for rainwater harvesting and partial solar energy, the resort has partnered with the pollution control board to keep the island plastic-free.

Jean-Michel Casse, chief operating officer, India and South Asia, at Accor, says, Weve stressed how straws are not necessary for drinksF&B directors can design drinks and glassware that dont need straws.

Plastic used in packaging is another scourge that sustainability teams are attempting to resolve. For example, ibis hotels across India are experimenting with boxes and tableware made of bagasse, a sugar cane byproduct thats 100 percent biodegradable. Individual hotels are also making the switch from disposable plastic bathroom amenities to recyclable options. The Hyatt group across North America has removed single-use, non-recyclable earbuds from its fitness centres, replacing them with recyclable versions. Closer home, Pepper Trail in Wayanad and Brijrama Palace in Varanasi have ditched plastic toothbrushes for those made of eco-friendly materials.

Lastly, theres the problem of room key cards made of non-biodegradable PVC. While bigger chains grapple with finding scalable eco-friendly options, standalones are forging ahead. In 2018, The Ranch at Laguna Beach, California, started using keys made of bamboo and embedded with radio- frequency identificationa biodegradable option that encouraged conversations about sustainability with guests.

Agriculture is considered a leading cause for the extinction of wildlife species. Hotels are taking note of scientific studies and moving towards reducing their carbon footprint by buying local produce, choosing eco-labelled condiments and demanding that suppliers only provide cage-free eggs, source nitrate-free pork from farms where the animals are not raised in confinement, deliver ethically-raised beef and bring to the table seafood farmed responsibly.

Marriott International reserves over 70 percent of its spending for vendors who provide eco-certifications and/or are involved in conservation efforts. Similarly, Novotel Bengaluru serves coffee supplied by Black Baza Coffee, a fair trade-focussed agency that connects growers from BR Hills in Karnataka with the marketplace.

But deciding on what makes sense to source isnt always easy, Casse of Accor explains, The major challenge from an operations standpoint is the availability of information for accurate whole-life costing. Where is the product from? How is it made? What is it made from? How far does it travel? How is it packaged? How is it maintained? How much does it cost to maintain? How is it disposed of? What does it break down into? What does that do to the environment? And working out the net positive combination of all of these parameters is extremely difficult.

On the marine front, Hong Kong and Shanghai Hotels, which owns and operates The Peninsula Hotels, has removed ingredients like shark fin from its menu, after concerns that excessive consumption is nudging certain species towards extinction. ITC Hotels, under the guidance of WWF- India and Central Marine Fisheries Research Institute, has gone a step ahead to remove all endangered species from its offerings.

Farming within kitchens view is another trend thats catching on among hoteliers. With techniques like hydroponics and aeroponics, chefs are using kitchen gardens to grow exotic herbs as well as veggies. The Orlando World Center Marriott partnered with hydroponic farming company HyCube to create a soil- and pesticide-free space that can grow 25,000 plants. Also, apiaries are a huge draw among hotels like Fairmont to not just support endangered bees but to also create their own honey lagers.

Given the challenges, especially for large chains involving thousands of properties, in reducing wastage of energy, water, food and other nature-dependant resources, hotel brands are employing smart technology to make smarter choices. To reduce energy consumption and cooling costs, roofs are tiled or painted with reflective material, walls are built with insulation, and the number and kind of openings, calculated. The Oberoi Group, for instance, uses fly ash, a byproduct of power plants, in its constructions. On the inside, it uses materials with high amounts of recycled content, FSC-certified wood as well as composite wood products.

IHGs QO Amsterdam hotel sourced one-third of the concrete it used from the recently demolished offices of Shell nearby. The facade was built using over 1,600 thermal panels that regulate the indoor temperature based on the climatic conditions outdoors. The hotel also uses an aquifer thermal energy storage system to stock unused heated water underground until it is needed up top, reveals Pascal Gauvin, managing director, India, Middle East and Africa, at IHG.

Apart from building new structures, brands are also adapting existing structures as hotels. The Wick, a former candle and soap factory, opened as a boutique luxury hotel in Hudson, New York, in 2018. Alila Fort Bishangarh in Rajasthan used the shell of an old fort to fashion out very modern digs. In Sri Lanka, Jetwing Vil Uyana regenerated neglected slash-and-burn agricultural land by recreating wetlands and native forests.

In cities like Paris and Mumbai, pollution control norms require hotels to treat discharge before it enters the drainage system. Also, given the harmful effects of cleaning agents on marine ecosystems, The Oberoi relies on biodegradable options and champions the use of natural fertilisers and biopesticides in its gardening and landscaping. In Gulmarg, The Khyber Himalayan Resort & Spa relies on a sewage treatment plant specially equipped to treat wastewater in sub-zero temperatures.

Also, showerheads that lessen water consumption and sensors for lights and ACs are becoming the norm. Shruti Shibulal, CEO of Tamara Leisure Experiences, told Fortune in an interview that tap aerators had reduced water use at their property by 30 percent.

Hotel chains such as The Oberoi Group, ITC, IHG, Four Seasons, Accor, Hyatt and Marriott are investing in machines that recycle food waste into greywater (used for flushing and watering plants), compost and biofuel. Properties are also employing digital tools to monitor and report resource usage. Emaar Hospitality Group has signed on tech firm Winnow to reduce food waste, aiming to cut consumption by two lakh meals in 2019. Visual recognition cameras and tablet devices quantify whats going into the bin and down the drain to calculate excess.

Theres also a big push towards adopting greener forms of energy. ITC Marathas biogas plant mitigates over 300 tons of greenhouse gases every year. This climate change impact is similar to replacing over 500 (carbon fuel-based) bikes or scooters with electric ones, says ITCs Dipak Haksar.

Both The Oberoi, Gurgaon, and Trident Gurgaon meet all their electricity needs via solar energy. In the Maldives, under threat of rising sea levels, Niyama Private Islands Maldives converts used cooking oil to fuel generators and desalination plants. In Sri Lanka, over 50 percent of Jetwing Hotels energy requirement is met through renewable means, including solar power parks at Jetwing Yala and Jetwing Lake.

Other interesting uses of technology include moves by Hong Kong and Shanghai Hotels and Westin Hotels to upcycle linen and create clothing. In 2018, Westin rewove 30,000 pounds of bed linen and terry cloth. The Park Hotels, apart from generating solar energy and harvesting rainwater at its Hyderabad property, offers guests an electric four-wheeler to zip around in. Also, Alila Hotels & Resorts is converting waste plastic into a light green crude oil that will be distilled down to diesel, kerosene and gasoline for reuse across its flagship hotels.

On the environmental front, hotels have been helping keep beaches clean, build coral reefs and protect endangered species. Four Seasons Resort Maldives at Landaa Giraavaru works with world-renowned expert Dr Guy Stevens on the Maldivian Manta Ray Project. Its the founding project of the worlds largest manta ray charity, Manta Ray Trust. Meanwhile, using the money guests help save by reusing bath towels, Accor has joined forces with PUR Project in a global reforestation programme.

However, hospitality leaders are realising that long-term sustenance will come from planting ones roots deeperby investing in local communities. Six Senses Fiji focuses on employing locally and also collaborates with an NGO to support the economy by featuring homeware and crafts made by women in remote communities at the resorts villas, restaurants and boutique.

The Golden Triangle Asian Elephant Foundation in Thailand is empowering the next generation of mahouts by providing English teachers in village schools using funds raised by Anantara guests. In the Maldives, where rising global temperatures are accentuating a drinking water crisis, Soneva, apart from running a range of stellar conservation projects, is using its solar-powered desalination plant to supply water to the residents of neighbouring atolls. And in North America, Repeat Roses is giving Marriotts floral arrangement a proper spruce up and then delivering them to hospitals, nursing homes and cancer treatment centres.

In India, the Taj groups collaboration with the Last Wilderness Foundation and the Panna Forest Department is a pioneering example. Taj Safaris Pashan Garh is a lodge near Panna Tiger Reserve where its naturalists mentor youth from the highly marginalised Pardhi community to develop community-based tourist trails. The aim: to prevent the next generation from joining poaching rings.

The uniqueness of the Walk with The Pardhis initiative lies in the fact that the communitys natural entrepreneurial streak and flair for tracking animals and reading the forests are leveraged to create an alternative livelihood path linked to the growing tourism in this region, says PV Ramana Murthy of IHCL. Along with building on their existing strengths and enabling alternative livelihoods, this project also furthers preservation and promotion of natural and cultural heritage and wildlife conservation.

The hotel groups attempts to empower marginalised groups also include supporting 14 skill-training centres that impart short courses in hospitality and tourism to the less privileged youth.

Such moves are in keeping with ITPs 2030 goal for the hospitality industry to aid one million youth under 25. Its an important goal given that the International Labour Organization estimates that over 40 percent of the worlds youth is unemployed or lives in poverty. While Hyatt says it plans to recruit 10,000 youth by 2025, Marriott is putting down US$5 million to train and skill those from at-risk and underserved communities.

THE SUM OF IT ALL

By 2017, Marriott Internationalpossibly the worlds largest chain of hotels with over 7,000 propertieshad reduced its carbon intensity (a metric used to measure emission of pollutants) by 8 percent. The goal is to reduce energy consumption and greenhouse gas emissions by 30 percent and water consumption by 20 percent by 2020. The Hyatt group says it has already achieved its 2020 goal of reducing water use and greenhouse gas emissions by 25 percent in Asia and the Middle East.

IHGs Pascal Gauvin says utility costs are the second biggest expense of its hotels; Throughout 2018, hotels using our online sustainability platform, IHG Green Engage, avoided costs of US$67 million, he says. John Roberts of Minor Hotels adds that the 10 to 15 percent improved operations by their resorts equate a US$576,000 saving in energy and water costs in the first half of this year.

The conclusion: the hospitality industry is going far beyond replanting coral reefs, funding afforestation and supporting beach clean-up drives. If that isnt good long-term business sense, we dont know what is.

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How hotels are helping offset your eco guilt - Cond Nast Traveller India - The Last Word in Travel

This New Bitcoin And Cryptocurrency Exchange Cant Be Hacked – Forbes

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Bitcoin exchange hacks have plagued the cryptocurrency ecosystem since the first platforms for trading were launched in the early 2010s, and these events have caused major public relations issues for the entire crypto asset market. While exchange hacks dont have anything to do with potential technical problems related to the underlying Bitcoin network, its never a good look when millions or even billions of dollars worth of Bitcoin is stolen from thousands of exchange customers in a matter of minutes.

Although the Bitcoin exchange industry has improved its ability to deal with crypto asset security over the years, the threat of another large hack is always looming over the ecosystem. But that could soon change.

One of the main features of Bitcoin is that its programmable money, and developers have figured out new ways to build exchanges in ways that do not require users to turn over control of their funds until the exact moment they want to make a trade. One of the new exchanges that is taking advantage of this technology is Nash.

How Does Nash Secure Customer Funds?

In the past, exchange customers have always deposited their coins onto trading platforms with the exchange taking custody of the funds. That exchange platform then becomes a central point of focus for hackers because theres a big payday in it for them if theyre able to get into the exchanges internal wallet.

With platforms like Nash, users do not need to hand over custody of their crypto assets to a third party before they trade.

Many Bitcoin enthusiasts are excited about the Lightning Networks potential to cut transaction costs, speed up transactions, and potentially improve user privacy. And this same sort of technology can be used to vastly improve the level of security offered by exchanges.

Nash uses a system of state channel smart contracts to handle trades, and the system is currently live on the Ethereum and Neo blockchains. Notably, the Ethereum blockchain briefly surpassed Bitcoin in a key measurement of overall adoption last month. However, Ethereums ETH token is also down heavily against Bitcoin over the past couple of years.

According to Nash co-founder Fabio Canesin, Bitcoin support is expected to be added to their platform soon.

We initially demonstrated that our proposed architecture could deliver cross-chain markets that compete with the performance of centralized exchanges an extremely important parameter for liquidity, said Canesin when reached for comment. For this reason, we focused on the NEO-ETH market. Now that this is live and functioning well, we can move onto other networks. Bitcoin is the obvious next candidate owing to its importance in our industry.

State channels effectively allow multiple parties to transact with each other in Bitcoin or other cryptocurrencies without having to touch the blockchain. This works via a technical trick that involves two parties placing funds into a 2-of-2 multisig address and then creating valid transactions from that multisig address to each of their personal addresses as a way to update how much of the funds in the multisig address belong to each party. None of these generated transactions are actually broadcast to the blockchain. The only transactions that hit the blockchain are the ones at the end when each party is ready to leave the payment channel with the appropriate amount of funds (if this was too confusing try reading this longer explanation of the Lightning Network).

While decentralized exchanges have existed in the past, a key advantage of using state channels is they allow transfers to happen instantly, meaning users dont have to wait seconds or minutes for blockchain confirmations to execute their trades.

It should also be noted that, while customer funds cannot be stolen by hacking an exchanges internal wallet, hackers could still cause plenty of damage if they were able to push out a malicious software update to Nash customers. That said, this is still a huge security gain.

Updates require a signed payload using offline keys, said Canesin when asked about this potential issue. However, if a hacker did somehow manage to push a malicious update, users would also have to log in and sign a transaction before encountering an issue. The data in our software is not enough, since user-provided entropy is also required. We try to mitigate these risks by building several layers of protection.

The high level of security offered by Nash also relies on the integrity of the smart contracts backing the exchange, and vulnerabilities in advanced smart contracts have continued to pop up in 2019.

Other projects that are working on this type of non-custodial trading technology include SparkSwap, which is built on the Lightning Network, and Arwen, which has built its own plugin model for existing exchanges.

In addition to their trading platform, Nash is also working on a mobile wallet, browser extension, and payment processing service for merchants that will all be integrated with each other.

While even the developers behind Bitcoin admit the cryptocurrency is an experiment that could still fail, exchanges like Nash are another step in the right direction when it comes to improving both usability and security of this technology at the same time. This is also the sort of technology that makes it clear that it would be difficult for governments to implement a Bitcoin ban, as two members of the U.S. Congress recently admitted.

Note: This article was updated to point out the potential issues associated with complex smart contracts that are used as the basis for Nashs exchange and other similar platforms, as pointed out by Kraken CEO Jesse Powell on Twitter.

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This New Bitcoin And Cryptocurrency Exchange Cant Be Hacked - Forbes

Has Bitcoin Innovation Stalled? – Forbes

Bitcoin and cryptocurrency startups made waves back in 2017 as investors piled into anything bitcoin, crypto or blockchain related.

Now, after the initial excitement has died down, it seems the explosion in successful bitcoin and cryptocurrency startups that some had anticipated has failed to materializewith just two bitcoin and crypto companies featuring on Y Combinators list of its top 100 companies by valuation.

The bitcoin price boom and subsequent bust meant that bitcoin and cryptocurrency startups quickly fell from grace among investors, with only a few, including Coinbase and SFOX, remaining popular.

Earlier this month, seed funder Y Combinator released a freshly updated list of companies it's invested in byvaluation, with the companies included boasting a cumulative value of $155 billion.

Online payments company Stripe, which was among six companies to abandon Facebook's libra cryptocurrency project this week, topped the list, followed by the hotel-disrupting Airbnb.

San Francisco-based bitcoin and cryptocurrency exchange Coinbase placed fifth on Y Combinator's list, while the only other bitcoin and cryptocurrency startup to feature was SFOX, a crypto prime dealer for institutional investors and professional traders.

On Y Combinators previous top 100 list, released this time last year, Coinbase and SFOX were then the only two bitcoin and cryptocurrency companiessuggesting the flow of successful new bitcoin and crypto companies coming onto the scene might have stalled.

The bitcoin price, which has fallen sharply from its all-time high of almost $20,000 per bitcoin at the peak of its epic 2017 bull run, has rebounded somewhat this year but not sufficiently to rekindle investor appetite for bitcoin and crypto startups, it seems.

"Over the past five years crypto markets have experienced many downturns," said Akbar Thobhani, chief executive of Silicon Valley-based SFOX.

"The market is still at a very early stage of adoption and many of the applications are still pre-product market fit. We will continue to see growth in crypto applications and many of these applications will be built on open platforms like bitcoin and ethereum."

The bitcoin price is up over double from where it began the year, though hasn't recovered enough to restore the confidence of investors.

Last month, Coinbase and Ripple, the payments group behind the XRP cryptocurrency, crashed out of a top 10 U.S. startups list for 2019each dropping over 20 places.

Meanwhile, investors, predominantly hedge funds, are pouring cash into crypto-linked investment trusts despite the bitcoin price downturn.

Grayscale Investments, which runs ten crypto-linked investment trusts, recorded inflows of $255 million last quarter, its best ever three-month period.

"There is an across-the-board sentiment that digital currencies is an asset class that is not going away," Michael Sonnenshein, managing director of Grayscale, told Business Insider.

While investors seem happy to bet on bitcoin, they have less confidence in startups promising to bring bitcoin and crypto innovation.

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Has Bitcoin Innovation Stalled? - Forbes

Is This The Real Reason Behind Bitcoins Latest Sell-Off? – Forbes

Bitcoin has been struggling recently after a period of stability, suddenly moving sharply lower at the end of last month.

The bitcoin price, which is still up more than double from where it began the year, fell from its recent plateau of around $10,000 per bitcoin to just above $8,000 in a move widely put down to the lackluster performance of the hotly-anticipated Bakkt bitcoin and cryptocurrency platform.

Now, new data has suggested the slump in the bitcoin price might be more to do with the "coming of age" of bitcoin and cryptocurrency marketswith exciting new competitors distracting investors from the long-time crypto poster-boy.

The bitcoin price has fallen around 30% from this year's highs, dropping from over $13,000 per bitcoin to under $8,000 earlier this month.

Bitcoin, cryptocurrency and financial markets research company Indexica has found that bitcoins strongest predictive measure was its "quotability," it was first reported by Bloomberg, a financial newswiremeaning traders are treating it like any other investment asset and showing bitcoin is most often being talked about in conjunction with more traditional currencies.

"Now that bitcoin is a big kid, anything can make it move, just like anything can make gold or a G-10 currency move, said Zak Selbert, chief executive of Indexica told Bloomberg, adding bitcoins sensitivity to new competitors such as Facebook's troubled libra project and Mastercards partnership with R3 demonstrates the industry's maturity.

"Bitcoin is part of the financial landscape in a very intertwined and mature way."

Many bitcoin and cryptocurrency watchers had hoped that bitcoin's reputation as "digital gold" would mean it began acting as a so-called safe haven asset, with investors buying into bitcoin at times of political and economic uncertainty.

This appeared to happen earlier this year, until the bitcoin price moved sharply lower as gold and the Japanese yen, two traditional safe havens, climbed.

The bitcoin price hit a year-to-date high earlier this year, thought to be due to the interest in bitcoin and cryptocurrencies from some of the world's biggest technology companies, but has since fallen back.

Meanwhile, some have suggested bitcoin's recent bounce back over $8,000 earlier this week was due to the U.S. Federal Reserve's plans to pump cash into the financial market to boost bank balance sheets and drive inflation.

"We know that [Fed easing] has historically helped bitcoin," Joe DiPasquale, chief executive of the bitcoin and cryptocurrency investment firm BitBull Capital, told bitcoin industry news siteCoindesk.

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Is This The Real Reason Behind Bitcoins Latest Sell-Off? - Forbes

Bitcoin And Ethereum Suddenly Soar Despite SEC Blow – Forbes

Bitcoin and ethereum, the two biggest cryptocurrencies by market value, suddenly soared yesterday despite the U.S. Securities and Exchange Commission (SEC) rejecting the latest attempt at creating a bitcoin exchange-traded fund (ETF).

The bitcoin price is up some 5% over the last 24-hour trading period, while ethereum has risen almost 6%, both adding to gains earlier in the week.

The bitcoin and cryptocurrency market has swung wildly over the last few weeks as traders and investors seek direction.

"The news that the SEC is not going to approve a bitcoin ETF has not impacted the market with bitcoin heading higher again," Marcus Swanepoel, chief executive of London-based bitcoin and cryptocurrency exchange Luno, wrote in a note this morning.

"Overall, global markets are also up and we are seeing some positive sentiment."

Bitcoin's bounce was attributed to the U.S. Federal Reserve's plans to pump cash into the financial market to boost bank balance sheets and drive inflation.

"We know that [Fed easing] has historically helped bitcoin," Joe DiPasquale, chief executive of the bitcoin and cryptocurrency investment firm BitBull Capital, told bitcoin industry news site Coindesk.

The SEC yesterday ruled the Bitwise Asset Management ETF proposal, filed with the NYSE Arca stock exchange, did not meet legal requirements to prevent market manipulation or other illicit activities.

"Because, among other things, [Bitwise and NYSE Arca] has asserted that 95% of the bitcoin spot market consists of fake and non-economic activity, but has not established that it has, in fact, identified the 'real' bitcoin market, or that the 'real' bitcoin market is isolated from the fraudulent and manipulative activity, we find, in each case, that NYSE Arca has not met its burden to demonstrate that its proposal is consistent with the requirements ... and therefore the Commission disapproves this proposed rule change," the SEC said.

The SEC has so far rejected all bitcoin ETF proposals due to concerns around fraud and market manipulation, with the regulator knocking back the closely-watched VanEck bitcoin ETF application last month.

Bitcoin speculators have long hoped a U.S. bitcoin ETF will mean traders and investors are more easily able to buy into volatile crypto markets without having to navigate clunky bitcoin exchanges.

The bitcoin price jumped sharply yesterday, adding some $400 per bitcoin in a matter of minutes.

Bitcoin and other major cryptocurrencies were sent sharply lower last month after the hotly-anticipated Bakkt bitcoin and cryptocurrency trading platform went live with underwhelming volumes.

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Bitcoin And Ethereum Suddenly Soar Despite SEC Blow - Forbes

Bitcoin Sextortion Malware Is Even Worse Than Thought – Forbes

Bitcoin's massive price increase of the last few yearsthe price is still up over 10-fold since early 2017 despite last year's sell-offhas caused hackers and criminals to target bitcoin holders.

Wild swings in the bitcoin price, which remains highly volatile, have failed to put off hackers, who are betting bitcoin and other major cryptocurrencies will hold at least some of their value.

Now, researchers have warned a previously-known strain of malware, dubbed "Save Yourself," was not only designed to try to extort victimsbut can also potentially compromise bitcoin wallets and mine other cryptocurrencies.

Criminals have been keen to get their hands of bitcoin and other cryptocurrencies due to their relatively anonymous nature.

Those targeted by the malware, which claims the victim's computer has been hacked when it has not, receive an email claiming to have recorded pornography viewing on the device and threatening to release the recordings unless a ransom is paid in bitcoina practice known as "sextortion."

"The malware is responsible for sending a large number of spam emails part of a sextortion campaign, where the goal is to trick the recipient into believing their computer has been infected and that their porn-browsing details will be published unless they pay an extortion fee," cyber security researchers from Reason Security wrote in a blog post.

"The malware uses the computer as a proxy station to send blackmail emails to users, and uses the CPU for monero mining. To maintain a low profile, the malware will use only 50% of the CPU's capability ... [and] can also read clipboard data and replace bitcoin wallet addresses with its own address."

Researchers warned that devices infected with the email-sending malware are able to "reach more than 100,000 users in a very short time thanks to the malware's spreading capability."

The scammers also have been found to include sensitive information, such as email passwords, in the bitcoin sextortion emails, thought to have been gathered from large-scale data breaches.

Bitcoin's epic bull run, which saw the price rise from under $1,000 per bitcoin to almost $20,000 in under 12 months, meant that criminals began targetting crypto holders.

Meanwhile, cyber security experts have also warned that criminals are switching from bitcoin to litecoin, a rival cryptocurrency, in order to avoid spam filter detection.

"As this latest twist shows, threat actors can switch to the next cryptocurrency and attempt to iterate through all the scams previous versions," phishing analysts Cofense wrote.

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Bitcoin Sextortion Malware Is Even Worse Than Thought - Forbes

Yes, Even Bitcoin HODLers Can Lose Money in the Long-Term: Heres How – Cointelegraph

Since dropping from its 2019 high at $13,800, Bitcoin (BTC) has been in a rut which has led to the price retracing roughly 43% to $7,800. Traders would take a more conservative approach and describe the last two months of price action as consolidation which is typical after parabolic advances. With the 2020 Bitcoin halving event approaching, the ultimate question on the minds of most investors revolves around whether or not Bitcoin will reach a new all-time high on the heels of the event and more importantly, when.

While every trader has his or her own style, most keep a vigilant eye on Bitcoin charts and attempt to exploit every long and short opportunity that Bitcoins market cycles provide. This practice can be time-consuming, tiresome and inefficient based on ones proficiency at trading and the ability to weather the manipulative fiascos that frequently rock the crypto market.

As the crypto market matures, new technical analysis methods are being developed and traders are also beginning to pay more attention to the on-chain data produced by blockchains. To dig deeper into this topic, Cointelegraph spoke with equities and crypto-market analyst Philip Swift. Swift is also the creator of the Golden Ratio Tool and the Bitcoin 2-Year MA Multiplier.

Cointelegraph: Philip, thanks for taking the time to sit down to have a chat about crypto trading and technical analysis. What brought you to crypto?

Philip Swift: My route into crypto was less exciting than buying drugs on Silk Road, unfortunately! In 2016 I was looking to invest some profits from real estate investing. Traditional market investment opportunities looked awful as they were offering poor returns for reasonable amounts of risk. I also felt uncomfortable with the inevitable handing over of fees to some broker or money manager who probably wasnt great at their job.

I then came across Bitcoin and saw it had a much more appealing risk/reward opportunity. As I learned more about it, I could see the benefits from a social perspective too, which I thought was really interesting. So I fell down the Bitcoin rabbit hole.

CT: Why is it important to view Bitcoins price action on a logarithmic scale? Should this always be done in your opinion?

PS: There is real value in viewing Bitcoins price action on a logarithmic scale because it allows you to see two things. First, you can see the adoption curve of Bitcoin over its 10-year history as more and more people begin to use it.

Second, you can see that contrary to the popular belief that Bitcoin has only had a recent price explosion that was a bubble, Bitcoin has actually gone through three full market cycles in its 10-year history. This context is useful for helping us forecast potential price action and also for managing emotions as we enter into the next market cycle.

I definitely dont think a logarithmic scale should always be used. Thinking in absolutes is very dangerous, particularly when it comes to trading and investing. There are times where a standard scale is very useful, particularly when trading small time frames in certain market conditions.

CT: Given the unique insight on-chain data provides, do you think traders' reliance on the investing strategies and tools used for traditional financial markets is a misapplication? Why should traders focus more on on-chain data?

PS: I think of all these different approaches like tools in my toolbox. If I want to build something brilliant, I need to have a range of tools to achieve that.

I find it strange in the world of Crypto Twitter that there are people who say they only use technical analysis (TA) or only use on-chain analysis. Why would you limit yourself when clearly these different schools of thought all have value when they are applied correctly? So I use a combination of TA, on-chain metrics, and market cycle analysis. This process has consistently worked very well for me over time.

My sense is that there are people in the space who have either learned from experts used to operating in traditional markets like the Forex or they aspire to be the traditional type traders having watched some TV shows and movies. For these reasons, they think that Bitcoin should also be measured using traditional tools from these traditional markets.

This is way off the mark in my opinion as Bitcoin has characteristics that are very different from other asset classes, and more importantly, it is not yet an established asset class. It is going through a period of adoption. This makes it function differently to macro asset classes and established currency markets.

CT: How would you interpret the current Market Value Realized Value Z-score (MVRV-Z score) and could you explain this to a simpleton such as myself?

PS: The current MVRV Z-score is at levels we would expect at this point in the market cycle. In my opinion, there is still plenty of upside to go before we reach the cycle high.

MVRV Z-score highlights periods where the price of Bitcoin is extremely over or under-valued relative to its historical fair value. The indicator has been able to pick Bitcoins major cycle highs to within two weeks!

When it enters the upper red band on the chart, this indicates that price is overvalued and most likely needs to have a major pullback on big timeframes - otherwise known as entering a bear market.

CT: Your Bitcoin Golden Ratio indicator suggests that:

If this decreasing Fibonacci sequence pattern continues to play out as it has done over the course of the past 9 years, then the next market cycle high will be when the price is in the area of the 350DMA x3.

According to your indicator, this is around $19,971. Some traders say a bull market does not officially start until an asset breaks through the previous all-time high. At this price, your indicator would be showing overstretched conditions so barring a massive blow-off top, what can one forecast past the 350DMA x 3?

PS: Like any moving average, the Golden Ratio Multiplier moving average lines move with Bitcoins price. So as price increases, so do they. Therefore, by the time the price gets to the $20,000 area, the 350DMA x 3 will be much higher. In effect, the price will be trying to catch up with the 350DMA x 3, and it is unlikely to do that until they are both well above $70,000 this cycle in my opinion.

CT: Whats the likelihood that Bitcoin simply consolidates between $8,500 - $10,000 and $10,000 - $11,500 until the next halving event? How does on-chain data support this narrative?

PS: Unlikely. The halving is still 7 months away and we are seeing a lot of accumulation happening on-chain.

I do believe this upcoming halving event will create significant buying demand for Bitcoin. Markets are not efficient, and we are not rational players. I think the halving event hype coupled with global macro issues we are seeing play out as we head towards it will create hype for Bitcoin that will push the price up as people FOMO in.

CT: In your most recent tweet, you said that you believe that Bitcoin is currently in phase A of the Puell Multiple. Is this a multi-year measurement/cycle?

Puell Multiple Chart. Source: Lookintobitcoin.com

PS: Yes it is. I was highlighting how, just like the previous two major Bitcoin cycles, we have entered a period where the Puell Multiple became over-extended and had a sharp dropdown. Both of those periods were then followed by Bitcoin price action going sideways for 6-8 weeks. I am not saying that has to happen now, but it is certainly noteworthy.

CT: What else do you want to tell me? Are there any additional hot topics, statements or opinions of importance that you think the world should know?

PS: In the world of Bitcoin there seem to be two main groups of people. Hodlers and traders. HODLers think you should hold forever and constantly dollar cost average in. Traders try to grow their Bitcoin stack using leverage.

Both of these approaches have issues. HODLers have to endure multi-month bear markets with 80%+ drawdowns on their holdings. So its quite inefficient and actually poor from a risk management perspective. The vast majority of traders (over 90%) lose money in the long run so that approach is not ideal either..

I believe that there is a smarter approach for most people. Strategic investing, which requires just a basic understanding of Bitcoins market cycles and its economics. This can help you avoid buying towards the top and selling towards the bottom of Bitcoins cycles.

Over the course of Bitcoins history, people who have used this approach have significantly outperformed all HODLers and the vast majority of traders.

Bitcoin 2-Year MA Multiplier. Source: Lookintobitcoin.com

Here is a really simple chart from my site that brings this to life. If you bought Bitcoin whenever the price was under the green moving average and then gradually sold out in the red zones above the red moving average, then you would have achieved outsized returns relative to most other Bitcoin investors and traders.

CT: What is your approach to crypto investing? Intraday trading, swing trading, BTC accumulation, Fiat accumulation?

PS: I swing trade crypto and also make long term investments in Bitcoin. I dont want to spend my days stuck in front of the computer screen staring at 15-minute charts so I choose to swing trade on multi-week time frames which suits my trading style.

CT: What is the ultimate purpose of Look Into Bitcoin?

PS: I want it to help regular people (not just large institutions) invest better in Bitcoin, as I believe Bitcoin is a once in a generation opportunity that is leveling the financial playing field.

By providing free-market cycle and on-chain valuation tools for regular Bitcoin investors, it helps them see more clearly and think differently about Bitcoin prices, and ultimately supports their Bitcoin investing.

Original post:

Yes, Even Bitcoin HODLers Can Lose Money in the Long-Term: Heres How - Cointelegraph

Binance Futures Bitcoin trading volumes hit a record high – Decrypt

Number one spot cryptocurrency exchange Binance has seen its futures trading business rocket as of late, with 24-hour trading volume hitting a high of $820m on 15 October. Trading volume has since settled to around $700 millionthe same level that occurs on Binances highly successful spot trading exchange.

Since the launch of Binance futures bitcoin derivatives market in September, 24-hour trading volume had mostly settled in the $250-$500 million range. However, since the futures exchange hit a recent volume low of $300 million on 13 October, daily trading volumes have more than doubled in the last 3 days to hit a high of over $800 million.

Futures trading is classified as a type of derivatives market. Unlike spot marketswhere the settlement happens immediatelyin futures trading, the market only needs to be settled dependent on the specific markets settlement date. This settlement delay means that high leverage is commonplace for futures trading exchanges.

At the moment Binance Futures offers traders up to 20x leverage, with rivals such as BitMEX offering up to 100x. Spot markets most often have no or very low leverage. The pick up in Binance futures trading could indicate that crypto-traders are increasingly interested in speculating (with high leverage) in cryptocurrency investments.

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Interestingly, Binances other futures market, Binance JEX, is faring less well. The sister venture, which started trading five days after Binance Futures, splits its US-dollar denominated trading pairs between Bitcoin (52%), Ethereum (20%) and EOS (28%). Binance JEX also kicked off trading with around $300 million worth of 24-hour volume, but has seen a steady decline in interest, with daily volumes currently at $160 million, and seemingly trending lower.

According to data from CoinGecko, Binance Futures currently ranks at fifth place in the overall crypto futures trading market, in terms of its daily trading volumes. Ahead of Binance is Bybit ($710 million) and the three futures heavyweights of Huobi ($1.6 billion), BitMEX ($2 billion) and finally OKEx ($2.8 billion).

The rest is here:

Binance Futures Bitcoin trading volumes hit a record high - Decrypt

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF – CoinDesk

The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds.

According to a public filing published Tuesday, investment management firm Wilshire Phoenix and NYSE Arca filed an amendment to their ETF proposal earlier this month to address issuance and redemption for the securities and the listing/trading of the funds shares.

Coinbase Custody will act as the custodian for the bitcoin held by the trust, according to the filing. Tuesdays notice says Coinbase will provide attestations confirming the amount of bitcoin it holds within five business days of the trusts monthly rebalancing, adding a detail not present in the original filing.

The amended rule change proposal also notes that CME and Intercontinental Exchange (ICE) provide bitcoin futures products in the U.S., rather than CME and Cboe. The latter company wound down its futures product earlier this year.

Later on, the filing seemingly addresses the SECs concerns with potential market manipulation in the cryptocurrency space.

The Sponsor notes that, in connection with the Commissions analysis of whether amarket is inherently resistant to manipulation, the Commission has in certain circumstancesfocused not on the market as a whole but instead on the significant subset of the market that hasa meaningful impact on the particular ETP [exchange-traded product], the filing says, adding:

For instance, orders approving listing applications ofETPs that invest in gold bullion focused on the spot and futures market, even though gold istraded on a number of different market segments. Focusing on the spot market is appropriatebecause the spot market is the market to which the particular ETP would look to determine its [net asset value].

The amendment filed on Oct. 4 replaces and supersedes the original filing in its entirety, Tuesdays notice said.

The SEC first kicked off the comment period for Wilshire Phoenixs proposal in June, before announcing in late September that it was evaluating the proposal.

According to the filing, members of the public must submit comments within 21 days of the notices publication in the Federal Register. The SEC has 45 days after the filings publication in the Register to make an initial decision, but can extend that timeframe if it chooses to do so.

Tuesdays filing follows the SECs decision to reject a bitcoin ETF proposal filed by Bitwise Asset Management, also working with NYSE Arca. The regulator cited concerns about market manipulation and a lack of surveillance-sharing agreements as an issue in its rejection.

SEC logo image via CoinDesk archives

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SEC Restarts Clock on Proposed 'Bitcoin and T-Bills' ETF - CoinDesk

Bitcoin recovers to $8,300 after dropping 2% over the weekend – Decrypt

The majority of the top-20 cryptocurrencies by market cap are holding steady today after an up and down weekend, and the market leader is no exception.

Bitcoin dropped by about $100, or roughly 2 percent, earlier today, but has recovered to just above the $8,300 mark. Nevertheless, it marks an overall drop of around $500 since the end of last week.

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Crypto traders, at the time, could have been forgiven for briefly thinking Bitcoin was on its way toward a massive recovery. Last Friday, the price of Bitcoin hit the $8,800 markonly to drop way back down again moments later.

For the last few weeks, Bitcoin has struggled mightily to break through the $8,500 resistance mark. Holders, however, might be heartened to know that Bakkt, despite its slow start, is now starting to catch on with institutional players, and has traded nearly $2 million in Bitcoin futures contracts since last Wednesday, according to Forbes.

So if Bakkts slow start really did contribute to Bitcoins tanking price as many analysts suggest, this might provide a glimmer of hope for the Bitcoin traders eager for good news.

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Bitcoin recovers to $8,300 after dropping 2% over the weekend - Decrypt

Sign in with Lightning: New Bitcoin authentication tool goes live – Decrypt

A Bitcoin Lightning Network authentication tool has gone live at Lapps.co, a website featuring a curated selection of Lightning apps (Lapps). This means that users can Sign in with Lightning rather than using a trusted third party such as Google or Facebook.

The authentication tool was created by Rui Gomes, lead software engineer at OpenNode, a Bitcoin payments company. He believes that online authentication is still a tricky problem, which essentially trades your privacy for ease-of-use. Instead, he has created Lightning Authentication to provide a Proof of Identity that doesnt require a trusted third party. It could become the go-to method for logging into websites and apps in the emerging decentralized internet, known as Web3.

Authentication online is still an unsolved problem. Most web platforms use social sign-in methods which severely compromise your privacy, or they use simple email/password combinations which are easy to forget. Lightning Authentication solves this problem by allowing you to authenticate without giving up any private information, Gomes told Decrypt.

He mentioned that it provides greater incentives to keep your own personal details private, since theyre connected with your financial details too. It also aligns the incentive to protect your Lightning identity with the incentive to protect your money (bitcoin) because now they're one and the same, he added.

Lightning is a second layer payments network built on top of Bitcoin, designed for making faster and smaller payments. It is still in development, and there are both signs that its growing and that its shrinking, but ultimately its hard to tellas Blockstream CSO Samson Mow told Decrypt last week.

But Lightning isnt just for payments. Everyone who uses it will have a unique identifying number, which wont be connected to any personal information. And each person essentially has their own password controlling their funds (known as a private key)which its vital to keep safe. But this combination is what enables it to be used as such a powerful means of authentication.

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Gomes said, Your unique Lightning Node ID is not tied to any personal information and can be used as Proof of Identity in platforms that support Lightning Authentication. This means that any individual can prove their identity using a Bitcoin/Lighting node without the need for any government-issued ID, social media accounts, or even an email/password combination.

Instead, their Lightning Node ID is used as Proof of Identity, increasing the user's privacy, security, and user experience, he added.

The Lapps.co Lightning Authenticator is really easy to use. You simply click the button, send a tiny payment of 1 satoshi (100 millionth of a bitcoin, worth $0.00008) and youre signed in. It takes just a few seconds. And unlike using your mobile phone as an authenticator, you cant have your Lightning wallet SIM jacked. (But it is possible to be hacked and have your details stolen if you arent careful).

Lapps are a slowly emerging trend in the Bitcoin ecosystem. Essentially, they are applications built on the Lightning network that work using Lightning payments. They allow for micropayments in online applications, which could revolutionize the way we use the internet. Imagine playing a video game, and every gold coin you pick up is a tiny amount of real money, for example.

For now, this Lightning Authenticator just lets you sign into Lapps.co, giving you tools like upvoting cool Lapps or submitting Lappsyou can also sign in with Twitter toobut it could get integrated into the Lapps themselves, or other Bitcoin-related websites. One day, it might be the way to sign into every app. At least, thats what the Bitcoin hopefuls think.

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Sign in with Lightning: New Bitcoin authentication tool goes live - Decrypt

Bitcoin continues to struggle to get over the $8,700 price hump – Decrypt

Bitcoin is having a pretty good week. A bullish trend, which began on Monday, has seen the price of Bitcoin recover from its monthly low of $7,762 two weeks ago.

During the last four days, Bitcoin has climbed, but its met strong resistance near the $8,700 per coin mark.

This is a key zone, because it marks the EMA 200 line (the Exponential Moving Average of the last 200 days, which gives an approximation of what the actual price of BTC should be if we consider its performance in the previous months.

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Yesterday, a gentle bullish push that started at $8,180 sparked optimism in traders and hodlers. The bulls expected it to cross the EMA200 as confirmation of a trend that could lead BTC to at least a zone near $9,500.

And, in fact, it didbut not for long.

At 3:00 UTC, the bulls broke that barrier for a few minutes, but soon tired out. Almost immediately, the price corrected to below $8,500 per bitcoin, according to TradingView.

Currently, Bitcoin is priced at about $8,555 and is having difficulty taking off. Although this may seem discouraging for traders in the short term, the truth is that these small corrections serve to balance the markets. A trend without corrections increases its risk over time.

Zooming out, Bitcoin still remains in a downward channel. Most analysts believe that before talk of any possible rally can begin, Bitcoin must first break the resistance of this channel located near a price of $9,500.

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Bitcoin continues to struggle to get over the $8,700 price hump - Decrypt

The bugs that almost killed Bitcoin – Yahoo Finance

Bitcoin was the first cryptocurrency, being introduced to the world by the anonymous developer or group of developers that go by the name Satoshi Nakamoto.

BTC has had a long history of ups and downs, some of which were quite good for the community as it allowed folk to further accumulate additional Bitcoin. Others, however, almost destroyed the original crypto.

Today I aim at looking at some of the toughest bugs Bitcoin developers had to deal with, why did they happen, what went wrong and how they were mitigated.

I will do my best to keep things simple and not technical.

Ready to hear some of the most disturbing stories surrounding Bitcoin?

Software is created through scripts. In Bitcoin, the original version was programmed in a low-assembly language called c++.

Even though developers, especially in the open-source world, make tons of runs at the code, some bugs tend to happen. This may be due to changes that make some functions incompatible with the new code, due to errors in the new code or even due to functions that do stuff they shouldnt.

Whatever the reason may be, you must realise that Bitcoin, being open-source software, is also prone to some bugs and errors. Even though most issues are easily fixed (BTC is lucky enough to have top-notch devs looking at it), sometimes bugs that arise may cause unforeseeable problems.

Below I will look into the top three bugs and errors that almost led to Bitcoins demise.

One of the original instructions that you could run in the scripting language was OP_LSHIFT which would shift a number a certain set of places to the left. It was discovered that when using OP_LSHIFT on some machines, processing the transaction would cause the machine to crash.

The way that this bug works is that you would simply make an evil transaction and send it to a bitcoin node, effectively causing the node to crash.

The way developers fixed the bug was to invalidate certain functions, making the script return false essentially not running the program (the transaction).

Inflation bugs allow you to print more money. Its almost like you are able to become a central bank within the Bitcoin protocol.

The code that originated the problem was about adding up all the outputs and all the inputs in the transaction. You subtract all the inputs from the outputs, and if you got a negative number then that meant your outputs were greater than your inputs.

Basically an inflation bug is caused by an overflow, as in when the absolute value of the number is too high for the computer to represent it.

So this allowed the user to print money, and this bug was exploited on main net. Billions of BTC were produced.

To solve the issue the code was patched and every miner switched to a new fork, using the last block before the exploit. In essence, there was a hard-fork of the Bitcoin code.

The netsplit bug exploits the fact that you can have two alternative blocks with different transactions in it, that hash to the same value.

This doesnt mean the hash value is broken. It means that there are two blocks, with different transactions that collide, which have the same hash.

This bug has an easy fix. Miners simply need to eventually reject one of the blocks, making those transactions invalid.

Collisions may happen, and are known to happen, to a certain extent. One of the worst times there were two valid blockchains for around eight blocks. Meaning some miners were mining one chain, while others were mining a different chain.

These splits may happen but eventually get resolved, as one of the chains will get more work done and replace the other.

The post The bugs that almost killed Bitcoin appeared first on Coin Rivet.

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The bugs that almost killed Bitcoin - Yahoo Finance

Bitcoin Price: Which Countries Have the Biggest Premiums? – Cointelegraph

Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Koreas cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium.

Since then, starting with the introduction of various regulatory frameworks by South Korea to reduce regional premiums that included the prohibition of trading cryptocurrencies with foreigners in the local market, premiums in major markets have declined substantially.

Still, due to the lack of supply and the relatively high demand in some markets, Bitcoin is being traded at a premium in certain regions some higher than most.

Following the prohibition of cryptocurrency trading by the Peoples Bank of China, local banks in China were ordered not to work with local Bitcoin exchanges to prevent individuals and businesses from trading digital assets. Over time, the government of China also ordered payment processors such as AliPay to stop processing Bitcoin exchange-related transactions, according to report form Chinese blockchain publication 8BTC.

But reportedly, individual investors have continued to invest in Bitcoin after the ban. The imposition of a ban on cryptocurrency trading by China forced investors to move over to neighboring countries like Hong Kong, essentially initiating trades in a peer-to-peer manner.

On the over-the-counter (OTC) trading platform of OKEx, for instance, investors can trade Bitcoin using Tether (USDT), a stablecoin backed by the U.S. dollar, and then sell the USDT for the Hong Kong dollar. The premium on Bitcoin emerges when investors exchange USDT that they use to buy or sell Bitcoin for HKD, similar to most peer-to-peer OTC markets. On OKEx, USDT is being traded at around $1.02 to $1.04, which indicates a premium ranging from 2% to 4%.

Most fiat-to-crypto exchanges in Japan and South Korea more or less follow the price trend of the U.S. spot market for Bitcoin. On Upbit and Bithumb, two of the biggest cryptocurrency exchanges in South Korea, Bitcoin is being traded at 9,900,000 Korean won, equivalent to $8,365. On Coinbase, Gemini and Kraken, Bitcoins price, as of Oct. 12, 2019, is hovering at around $8,345, indicating a slight premium of less than 0.25%.

While South Korea remains a relatively small market in comparison to Japan, the U.S. and Hong Kong, the prohibition on foreigners trading cryptocurrencies has eliminated a large portion of the demand for cryptocurrencies. In the 2017 bull market, the majority of large-scale trades in the South Korean market are said to have come from Japanese and Chinese investors and miners, decreasing the supply of exchanges.

The Japanese exchange market is also showing a slight premium of 0.2% and has seen most of its premium decline in the past two years. For spot or brokerage buys, which involve a direct wire transfer or a transaction through a payment processor directly to the exchange, there is a premium of 3.59%. On BitFlyers brokerage, the price for Bitcoin buys is estimated to be 936,621 Japanese yen, which is equivalent to $8,635 nearly $300 higher than the global average spot price.

The cryptocurrency exchange markets of Malaysia, the Philippines and Thailand are mostly dominated by brokerages such as Coins, which is the largest exchange in the Philippines and was acquired by the largest ride hailing app in Indonesia called Go-Jek. Coins, which has more than 5 million users in the Philippines alone, enables users to buy or sell Bitcoin based on precalculated price like BitFlyers brokerage, which also typically sees a premium of over 3%.

On Coins.ph, the Philippines arm of Coins, Bitcoin has a buy price of 440,280 pesos, around $8,530, indicating a premium rate of 2.2%. BuyBitcoin.ph, the second most widely utilized brokerage in the Philippines, has a buy price of 443,300 pesos, showing a premium close to around 3%. On Coins.th, the Thailand arms of Coins, the buy price of Bitcoin is hovering at 256,637 baht, or $8,425, a premium of less than 1%.

Thailand had a dominant spot exchange called BX Thailand, but the local Securities and Exchange Commission (SEC)-approved exchange shut down on Sept. 30, citing a low level of volume. The closure of popular exchanges could result in a larger price discrepancy in the short term as volumes shift to brokerages. However, over the long term, the gap should close.

On exchanges that have been operating for years in South America, the price of Bitcoin closely matches that of the U.S. spot market, even on brokerages that have fixed buy and sell prices. On ChileBit, the Bitcoin price is being traded at around $8,374, with a 0.34% premium and on FoxBit in Brazil, the Bitcoin price is trading at $8,440, with a 1% premium. The premium of brokerages and spot exchanges in South America in general with the exception of a few countries such as Venezuela and Argentina is close to zero.

The low premium may indicate a low demand from local investors as Chile, Brazil and other bigger markets in South America are not known to have large-scale mining centers that provide liquidity to the global Bitcoin exchange market.

Apart from small cryptocurrency exchange markets with relatively low liquidity, strictly regulated products that are often utilized by institutional and accredited investors to invest in the Bitcoin market consistently demonstrate substantially higher premiums.

The Bitcoin Investment Trust (GBTC), for instance, which oversees close to $2 billion in assets and enables institutional and accredited investors to invest in Bitcoin through a regulated OTC exchange in the U.S., has a share price of $9.81. Each share of GBTC represents 0.00097368 BTC, which would imply that around 1,200 shares are equivalent to the price of 1 Bitcoin.

Based on the $9.81 share price of GBTC, each Bitcoin bought through the Bitcoin Investment Trust would be worth more than $10,000. Based on the current price of Bitcoin at $8,300, GBTC indicates a premium of over 20%.

Investors pay higher premiums for products like GBTC and exchange-traded products (ETPs) because they rely on third parties to secure their Bitcoin holdings. In recent months, GBTC has been trying to enable users to invest in Bitcoin at face value without the substantial premium by operating a private placement window. Whether this will decrease the premium of GBTC remains uncertain.

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Bitcoin Price: Which Countries Have the Biggest Premiums? - Cointelegraph

Virginia Bitcoin Mining Operation Ordered to Liquidate Assets – Cointelegraph

BCause Mining, a Bitcoin (BTC) mining operation in Virginia Beachin the United States, has beenordered to liquidate its assets.

In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year.

This week, a federal judge approved the motion to convert the filing from a reorganization to a Chapter 7 bankruptcy.

BCause Mining was ordered to liquidate its assets, shut down its operations and lay off its 27 full-time and four part-time workers.

The now-defunct mining company received a $500,000 grant in January 2018 from the city of Virginia Beach to expand its operations to a local rented warehouse.

BCause had pledged to invest more than $60 million in a massive expansion, which would have made it the largest cryptocurrency mining operation in North America.

Virginia Beach municipal spokeswoman Julie Hill said that the city will now consider filing a claim in bankruptcy court in an attempt to recoup some of the money it paid out to the mining company. Virginia Beachwould be considered an unsecured creditor, which means that its claim will only be addressed once all the secured claims are dealt with.

Cointelegraph previously reported that the Federal Bureau of Investigation (FBI) is investigating whether a student at the University of Michigan attempted to hack West Virginias voting app.

West Virginias Secretary of State, Mac Warner, alerted the FBI during an unsuccessful attempt to gain unauthorized access to the Voatz voting app and said that the activity of the attempt came from IP addresses linked to the University of Michigan.

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Virginia Bitcoin Mining Operation Ordered to Liquidate Assets - Cointelegraph

BTCUSD Breaks Below Key Support As Bitcoin Remains on Offer – InvestingCube

The price of Bitcoin (BTCUSD) has broken below the 8289 key price level, after flirting around it for several days. Intraday bias continues to remain bearish on the lack of bullish triggers, after the pair has traded in a tight range throughout the week.

The price activity is seen extending lower in a gradual fashion, contained within the confines of a down channel. Despite the drop, volatility on Bitcoin continues to remain low.

Price is currently trading at 7938. BTCUSD is gradually dipping towards the near-term support seen at 7707, which is where price candles formed lows on May 26, June 30 and October 7. This area is therefore going to be the immediate support to the downtrending price action.

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Price needs to break below 7707 to open the door for further descent towards 6850 (May 12 lows), which is also the 23.6% Fibonacci retracement level. More downward pressure could take price below this area to target 5850, which is the major support before a huge cascade down to 2019 lows.

However, if price holds at 7707 as it has done twice in the last three months, then we may see a bounce which could retest 8289 in a repeat of the price move of Sept 30 and October 10.

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BTCUSD Breaks Below Key Support As Bitcoin Remains on Offer - InvestingCube

Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH) Price and Analysis Will the Bulls Maintain the Unbeatable Trend? – NullTX

Litecoin Price Analysis (LTC/USD)

The slight recovery of the top cryptocurrency (BTC) has improved the price of many altcoins. LTC/USD pair has today record an intraday gain of 2.7%, after having escalated from $57.29 to $58.93. The bullish move has thereby made traders believe that LTC coin is ready to test the next resistance level near $70.00, especially after breaking $57.00 resistance level.

The pairs price has also formed an ascending triangle with the moving averages, which indicates a high possibility of an extended bullish trend. Besides, a healthy support level was found near $57.09 that later pushed the price higher to a high of $60.14 before embarking to a steady flow below $58.80 level.

Additionally, the technical indicators are also indicating a continuation of upside rally, as the short-term SMA is still above the long-term SMA. The RSI also shows a positive outlook since is above average, which means increased interest in higher price levels.

Investors should go long after the pairs price manages to break above $59.80. New targets should be stood below $70.00.

ETH/USD pair is also on the safer side today as it has given a bullish outlook over the intraday. Investors sentiments are likely to increase as the coin seemed to have gain trust. ETH/USD pair has an intraday gain of 5.6%, having moved from $182.70 to $193.53. It also managed to overcome $181.15 resistance level and find a new resistance level at $194.00, which is a positive sign for the investors.

The long-term SMA has formed a strong ascending line below the short-term SMA that confirmed an increase in buying pressure. The RSI indicator was also seen hovering above the overbought zone most of the time that signifies that the bulls have full control over the market momentum.

Currently, the pairs price is on a consolidation phase below $190.70 level. This might foreshadow incoming breakout in the short-term. A break above $194.00 may correlate gains near $210.00.

BCH/USD pair is on the Bull Run and is up by 2.3% over the last 24hrs. It began the day trading at $232.4 and is currently changing hands at $237.9. The bulls pushed the price to an intraday high of 242.2 before it took a break to trade below $235.4. However, there seemed to be a struggle to break a $240.0 resistance level, and if the bulls succeed, they may have room to run further north.

Looking at the technical indicators, the moving averages have currently met and are seen below the price that shows a high chance for more upside correction. The RSI indicator is also above average that gives positive signs.

If the RSI indicator maintains its position above level 50 further upside rally near $250.00 is to be expected. However, a break below $235.4 might result in a downside correction near $225.00.

Cryptocurrency Charts By Tradingview

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

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Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH) Price and Analysis Will the Bulls Maintain the Unbeatable Trend? - NullTX