Bitcoin fever is sweeping the world as the digital currency soared to over $2,200 in U.S.trading on Monday, The surge in the value of the crypto-currency has been fueled by widening interest in Asia beyond China, with the Japanese emerging as keen buyers after authorities recognized Bitcoin as a legal currency.But the latest volume data shows Americans may be joining in the euphoria: CNBC has the details: On Monday, bitcoin trade volume in U.S.Trade volume in Chinese and Japanese currencies moderated to 16.95 percent and 34.2 percent, the website showed.Over the weekend, bitcoin topped $2,000 for the first time as trade volume from Japan jumped to 55 percent from 40 percent last week.Analysts also noted bitcoin prices on Chinese exchanges narrowed a recent trading gap with the U.S.-dollar price on expectations that Hong Kong-based Bitfinex is expected to soon restore easy conversion between bitcoin on its exchanges to U.S.Japanese authorities increasingly recognize bitcoin as a legal currency.

Chinese internet giant Tencent (700.HK) is also enjoying a rally that has pushed it 45% higher this year.Bloomberg has a great story looking at the growing influence of Tencent on the Hong Kong stock market.bitcoin dogecoin chartThe stock has has accounted for a third of the 15% rally in the Hang Seng Index this year.bitcoin kodeHere's a little taste: At $335 billion, Tencent is the city’s largest company -- and the ninth-biggest in the world.bitcoin mining software nvidiaIt makes up about 16 percent of the total market value of the Hang Seng Index, which has 50 members including giants China Mobile Ltd.bitcoin billionaire islandand HSBC Holdings Plc.bitcoin julian assange

The index provider, which limits the influence that individual stocks can have on its benchmarks, said last week it will cut Tencent’s weighting in the gauge to 10 percent from mid-June.bitcoin wie berechnendollar continues to weaken, weighed down by concerns about the Trump White House's ability to deliver on many of the policies that had pushed the greenback higher after the November election.bitcoin mining python scriptCNBC has taken a closer look at how President Trump has become a negative for the U.S dollar: If the president is the standard bearer for the currency, Donald Trump himself will have to stop being a negative in order to get the dollar back on its feet.bitcoin tax trackerBoosted by the Trump trade, the dollar had soared after his election on the prospect that lower taxes, fiscal stimulus, and deregulation would boost the U.S.ethereum mac os

But that trade has reversed, and the dollar index is now down 6.6 percent from its post-election high and down 0.9 percent since the election."The Trump premium in the dollar has become a Trump discount.Global capital just doesn't feel safe coming to the U.S.," said Robert Sinche, chief global strategist at Amherst Pierpont.Besides the worries about the U.S., the dollar has been falling particularly hard against the euro, which is rallying on an improved outlook for the euro zone economy as well as expectation the European Central Bank will pull away from easy policies.Latest In Asiastocks BlogChinese internet conglomerate Tencent is building a suite of blockchain services, detailing the plans in a new white paper.The firm – the maker of popular social services such as QQ and WeChat – is planning to use the technology to offer digital asset management, authentication and "shared economies", among others services.The new platform, dubbed "TrustSQL", is envisioned as a three-part system, incorporating the core chain layer, a product and service layer, and an application layer.

In statements, Tencent said that it would leverage its technological resources to push the platform, and that it sees the project as an open-ended one that encourages collaboration with other firms.(TrustSQL is envisioned as a way "to promote the development of [a] trusted internet", according to a rough translation of the paper.)The white paper further included a call for the government to play a more active role in the development of blockchain within China."The involvement of government in the development and regulation of block chains is necessary and should encourage in-depth research on blockchain technology and block-chain applications," the authors wrote.Though the exact timing of the launch isn’t yet known – statements indicate that the platform is still in development – the unveiling nonetheless represents Tencent's most direct move in the blockchain space to date.Last summer, a subsidiary of Tencent was among 31 companies in China to back a Shenzhen-based blockchain consortium.

Tencent-backed Webank also took part in a blockchain event in September of last year.The full white paper can be found below: Tencent_TrustSQL_WhitePaper by CoinDesk on Scribd The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.HomeNewsCrypto Should Tencent Look Into Bitcoin For Chinese Charity Fundraising Efforts?ViaBTC mining pool was launched on June 5, 2016, and has been stably operating for over two months, its maximum hash rate reaches 120P, ranking sixth in the global mining pool. and BitFury, respectively.The production of Bitcoin mining pool is just like teaming up to hit the monster in the game, once a person in the team gains a block, he will distribute Bitcoins in the block to the miners according to the properties, in this way, everyone in the mining pool can quickly gain the Bitcoin.Of course, miners with access to the pool shall pay certain commission charges to the pool, which will be varied with different mining modes and different rules of the pool.Due to the characteristics of Bitcoin, the case of Bitcoin mining pool alone big appears impossible.

Recently, HaoBTC, ViaBTC and other mining pools were launched in succession and ranked the front places, and the more and more emergence of outstanding mining pools is conducive to realizing the idea of Bitcoin decentration.Founder of the mining pool Haiyang has successively worked in the micro-blog business division and structure platform division of Tencent, and possessed a wealth of experience in the development of distributed, highly concurrent network server.He lives up to the reputation of “Die-hard fan of Bitcoin”.; in 2013, prices of Bitcoin advanced by rushes, hence, Haiyang attempted to operate the Bitcoin node, and bought some Bitcoins from BTCC — an exchange with the longest service time; with his deepening cognition and increasing optimism about Bitcoins, he almost ran out of his two years‘ savings to buy Bitcoins in May 2014.Later, he met the operation director of Zeus Team in Tencent’s internal sharing session.He joined Zeus subsequently, and became the technical director of the team.When mentioning the reason for demission and working on mining pool, Haiyang said that Bitcoin mining pool is a high-tech project, and it’s quite difficult to make the pool enough stable and efficient.

Based on the work experience of high-performance server and background development, he fits in and ardently loves the current career with his speciality, so developing mining pool is just his strong point.On the other hand, the mining pool provides a definite approach into the profit model of entrepreneurship in the field of Bitcoin.Meanwhile, the mining pool has certain power of discourse on the Bitcoin network, and is capable of promoting the development of Bitcoins towards a better direction.The mining pool has been Haiyang’s hidden scar all the time.When working in Zeus, he has developed a private mining pool, and tended to develop an open mining pool of Bitcoin or Litecoin.Haiyang recalled that one would have a fair chance of becoming an industry leader at that time if he developed the mining pool of Bitcoin or Litecoin.It now seems a pity for him to miss such an opportunity, and finally he had the chance to develop ViaBTC, which took a load off his mind.ViaBTC has been in stable operation for over two months, with the maximum hash rate of 120P, ranking sixth in the world.

It’s a favorable achievement for newly launched mining pool.Haiyang thought that, in addition to the technical advantage, all the data of ViaBTC is transparent so users can check the historical curves of each mining machine on the website, which provides better user experience.In terms of fee, ViaBTC is different from other mining pools, the transaction fee is also distributed to the miners.Currently, with the development of Bitcoin network, the proportion of transaction fee is increasingly higher.After the launch of the mining pool, a lot of optimizations have been done, and the speed in discovering new block is promoted to be the highest in the industry, which also means that the core index — orphan block ratio of the mining pool will be the lowest in the industry.Lower orphan block ratio indicates less invalid Bitcoins mined in the pool, hence, the returns of the mining pool will be obviously higher.Now that orphan block affects returns, then why will it arise?Bitcoin itself is a distributed network, so it takes time for block to be transmitted and broadcasted in the network.

If two mining pools discovered a block with the same height almost simultaneously, a competitive relation will exist between the pools.The way to lower the orphan block ratio is to increase the speed of discovering and broadcasting the blocks, namely, to reduce the time of invalid work.Based on the self-built high speed network of Bitcoin block, ViaBTC can discover and broadcast new blocks of Bitcoin rapidly and efficiently, so as to effectively reduce the orphan block ratio.The so-called Bitcoin block high speed network is actually the bitcoin client developed by ViaBTC, and has many clusters deployed all over the world including the U. S., Japan, Europe and Hongkong.The connection between the clusters has undergone height optimization, and each cluster will automatically discover and connect the bitcoin nodes around, so that all the current nodes of over 5000 in the world are connected, in this way, a new block can be discovered in any of the mining pools in the first time, thus shortening the time of invalid work.

Similarly, once ViaBTC mining pool discovers a new block, it will be broadcasted to the global node in the first time, so as to accelerate the block broadcasting and lower the orphan block ratio.Haiyang disclosed that, due to the high technical difficulty, currently other known pools haven’t set foot in this field.What on earth is the influence of the block high speed network built by ViaBTC on Bitcoin?Description will be too abstract, if data is used for expounding, that is, prior to the construction of the high speed network, suppose that someone operates a Bitcoin full-node without any optimization, the average delay for a block to be broadcasted to the node since its discovery is approximately 15 seconds.But currently, with the help of ViaBTC, this time duration is reduced to within 5 seconds, while for some core nodes, it’s reduced to within 2 seconds, which in fact indirectly helps other mining pools broadcast the block, and is conductive to lowering the orphan block ratio of the Bitcoin network.

The synchronous speed of Bitcoin is low, and some mining pools mined the block with only one transaction for returns.The assistance provided by ViaBTC accelerates the broadcast of the block, reduces the time of mining empty blocks, lowers the probability of empty blocks, thus enhancing the use ratio of the entire Bitcoin network.The domain name of ViaBTC was registered in 2015, and inspired by a book named Hackers and Painters written by Paul Graham, the godfather of Silicon Valley Start-Up.Paul established Viaweb at the early development stage of Internet, which is the first application program based on web, since then, people can create their own online stores through web-pages, undoubtedly, it’s a highly successful project at that time.In 1998, Viaweb became the most fashionable e-commerce software, and was acquired by Yahoo with over thirty million dollars.ViaBTC was inspired by Viaweb, and its vision is Via Bitcoin Making the World a Better Place.The preliminary development of ViaBTC was completed by Haiyang all alone in over 2 months of his spare time.