BBB: Decrypting crypto currencies: Unraveling the mysteries behind bitcoins

first_img WhatsApp Local NewsBusiness Facebook Heather Massey is the Regional Director of the Better Business Bureau in the Permian Basin. Check out www.bbb.org or call 563-1880. WhatsApp BBB: Decrypting crypto currencies: Unraveling the mysteries behind bitcoins By admin – January 28, 2018 Pinterestcenter_img Facebook Twitter Previous articleA SHARP LIFE: Lego hits 60, still pain in the footNext articleTopping Out ceremony admin Twitter BBB Scam TrackerThe use of crypto currencies to make transactions online has grown in popularity over the past few years, but one has begun to dominate the market — bitcoin. According to Bitcoin.com, there are currently 16.67 million Bitcoins in supply with 12,000 transactions made per hour. Several businesses in major Texas cities like San Antonio and Austin even accept it. As popular as this new form of currency has become, many are left wondering what it is, how it even works and the risks involved.Unlike dollars, pesos or yen, bitcoins are not backed by a government or distributed by a central bank. Instead, bitcoins are simply lines of programming code created on a peer-to-peer network through a process called “mining.” People involved in this process use special computer resources to compete with other “miners” to solve complex mathematical puzzles. Solving the puzzle awards the winner a “block” of bitcoins. Transactions can then be made online or through an app on your phone.Since there is no regulatory agency, the value of Bitcoin can fall just as quickly as it can rise depending on demand. For example, the value of Bitcoin hit a record high of nearly $20,000 per coin back in December. It has since dropped to less than half that value and, by the time you read this article, that number will probably be drastically different. The Federal Trade Commission has found that some online merchants that accept Bitcoin as payment do not deliver the product on time or they provide refunds with store credit rather than currency. That is why it is important to always know the seller and their policies before making a purchase.Better Business Bureau advises if you choose to use or invest in Bitcoin, use extreme caution. Be sure to do your homework first, to understand the rules and risks of Bitcoin transactions.Check out the seller’s reputation. Make sure you know where the seller is located and how to contact someone if there are problems.If you pay with bitcoins, the only way to get a refund is through the seller or payment processor, so it’s important to choose companies you trust.How much will your refund be? The value of a bitcoin changes constantly so the seller should tell you before you buy what exchange rate will be used for refunds.Read the seller’s privacy policy to find out what other information might be collected and shared. If the seller uses a payment processor, check its privacy policy, too.”If you have a problem with a bitcoin-related product or service, file a complaint with the FTC. To report a scam, go to the BBB Scam Tracker. To find trustworthy businesses, go to BBB.org Pinterestlast_img read more

Du Plessis ton lifts South Africa to big win over Australia

first_img(REUTERS)-A century from stand-in skipper Faf du Plessis lifted South Africa to a huge 142-run win over Australia and a 2-0 lead in the five-match one-day international series at The Wanderers yesterday.Du Plessis, who is leading the side in this series in the absence of the injured AB de Villiers, plundered 111 from 93 balls as South African posted a commanding 361 for six in their 50 overs having been asked to bat by Australia.The tourists lost regular wickets on a good batting track and were all out for 219 in the 38th over as the home side recorded their second biggest ODI win over Australia by runs, eclipsed only by a 196-run victory a decade ago in Cape Town.Australia captain Steve Smith inserted South Africa in the belief that bowling conditions would be best in the morning but the home side made a fine start, racing to 70 in the 12th over before Quinton de Kock, who blasted 178 in the first game on Friday, mistimed his shot and was caught for 22.Fellow opener Rilee Rossouw (75) and JP Duminy (82) made valuable contributions but the innings was steered by Du Plessis’s century as he struck 13 fours and manoeuvred the ball around with great skill.Australia gave debuts to opening bowlers Chris Tremain and Joe Mennie but they found their introduction to international cricket an eye-opener. Tremain recorded figures of 1-78 in his 10 overs and Mennie finished with 0-82.John Hastings was the pick of the visiting attack with 3-57 in his 10.South Africa, in turn, were able to apply pressure with the ball and never let the Australian scoring tempo climb to the required rate.David Warner (50) and Travis Head (51) were the only batsmen to threaten big scores but they could not convert to three figures to give their side a chance.The third ODI will be played in Durban on Wednesday when South Africa will have an early chance to wrap up the series.SOUTH AFRICA InningsQ. de Kock c Tremain b Hastings 22R. Rossouw c sub b Hastings 75F. du Plessis c Smith b M. Marsh 111J. Duminy b M. Marsh 82D. Miller c Zampa b Hastings 26F. Behardien c Warner b Tremain 13W. Parnell not out 8A. Phehlukwayo not out 13Extras (lb-1 w-10) 11Total (for 6 wickets, 50 overs) 361Fall of wickets: 1-70 Q. de Kock,2-146 R. Rossouw,3-296 J. Duminy,4-308 F. du Plessis,5-334 F. Behardien,6-347 D. MillerDid not bat: D. Steyn, K. Rabada, I. TahirBowling: C. Tremain 10 – 0 – 78 – 1(w-2),J. Mennie 10 – 0 – 82 – 0(w-1),J. Hastings 10 -0-57-3 (W-1),M. Marsh 10 – 0 – 68 – 2(w-1),A. Zampa 8 – 0 – 54 – 0, T. Head 2 – 0 – 21 – 0(w-5)AUSTRALIA InningsA. Finch c Behardien b Rabada 1D. Warner c Miller b Duminy 50S. Smith c de Kock b Steyn 14G. Bailey b Parnell 9M. Marsh c de Kock b Parnell 19T. Head lbw b Rabada 51M. Wade c Duminy b Parnell 33J. Hastings c Miller b Phehlukwayo 23J. Mennie b Tahir 1A. Zampa b Phehlukwayo 8C. Tremain not out 0Extras (lb-4 w-6) 10Total (all out, 37.4 overs) 219Fall of wickets: 1-3 A. Finch,2-29 S. Smith,3-55 G. Bailey,4-87 M. Marsh,5-114 D. Warner,6-183 T. Head,7-185 M. Wade,8-204 J. Mennie,9-213 J. Hastings,10-219 A. ZampaBowling: D. Steyn 7 – 0 – 37 – 1(w-1), K. Rabada 7 – 0 – 31 – 2(w-4),W. Parnell 7 – 0 – 40 – 3.A. Phehlukwayo 6.4 – 0 – 59 – 2(w-1)I. Tahir 7 – 1 – 31 – 1J. Duminy 3 – 0 – 17 – 1last_img read more

Female Palms’ Independence treat

first_img…”This is all a part of sharing the love and spirit of independence” – First Ladyn observance of Guyana’s 50th Independence Anniversary, First Lady Sandra Granger involved in the jointThe First Lady presenting a duster to a female resident at the Palms Geriatric Homeinitiative by the Ministry of Social Protection and the Women Across Differences (WAD) group, visited female members at the Palms Generic Home. According to the press release, the First Lady and Minister of Social Protection Volda Lawrence, made a contribution of 96 sets of bed linens and dusters for the women of the home on Wednesday, after having treated them to a special spa session of manicures, pedicures and hairdos on Monday. “This is all part of sharing the love and spirit of Independence, it is also an inter-generational activity because the girls from WAD were able to meet with seniors they might not have met in their ordinary lives and I think they had a good time,” said the First Lady. In the release, Lawrence highlighted that the move to treat and pamper the women of the Palms was conceived with the intention of bringing joy and remembering the less privileged during the celebration of Guyana’s Golden Jubilee, adding that there is hope for a similar initiative to be conducted on Fathers’ Day for the male residents there. “We are celebrating and in order to celebrate you have to prepare and this is just one of the ventures that we have partnered with NGOs and other organizations to ensure we bring cheer to the persons whom we are given the permission to care for,” the Minister of Social Protection voiced.Meanwhile, in a speech of appreciation, representative of WAD, Ann Greene said: “We give thanks to the First Lady for this initiative and we at Women Across Differences will continue to work with her. It was a very good experience with the girls. The girls got to speak with the women about what was going on in 1966. I think it was very encouraging. They enjoyed interacting with the ladies and all the ladies were very accommodating to the girls.”last_img read more

Mike Fiers cruises, Laureano makes another unreal throw in A’s shutout of Red Sox

first_imgCLICK HERE if you are having a problem viewing the photos on a mobile deviceOAKLAND — Reports of the A’s starting pitching deficiencies may have been greatly exaggerated.It’s early in the season, but the A’s starting rotation has been downright dominant. Mike Fiers was the latest starter to shine on the mound as he held the Boston Red Sox scoreless through six innings of work in Tuesday’s 1-0 victory. The A’s have now held the Red Sox scoreless through the first two games of their four-game …last_img

Tears, joy as Madiba’s hearse passes by

first_img11 December 2013There were mixed emotions among the people who lined the route as the hearse bearing the body of Nelson Mandela travelled in procession from 1 Military Hospital to the Union Buildings in Pretoria on Wednesday morning.The cortege left 1 Military Hospital at 7am, arriving about an hour later at the Union Buildings, where Mandela’s body will lie in state until 5.30pm, in a process to be repeated on Thursday and Friday.Members of the public have been urged to line the route each day to form a public guard of honour for Mandela. Members of the public will also be able to view the body each day at the newly renamed Nelson Mandela Amphitheatre, where Madiba was inaugurated as South Africa’s first democratically elected president in 1994.Public viewing will be open from midday until 5.30pm on Wednesday, and from 8am to 5.30pm on Friday. Mandela will be laid to rest at his home in Qunu in the Eastern Cape on Sunday.‘A sense of joy filled me’Centurion resident Kabelo Gwangwa said seeing the hearse that carried Madiba’s coffin had left him speechless. “I thought I would feel hurt, but I was overcome by emotions and a sense of joy filled me when I witnessed this moment.”He added that what made him feel better was the thought that it was perhaps time that “we let him go, and we have to accept that he is gone”.Gwangwa was one of hundreds of Pretoria residents who lined the streets from the early hours of the morning to be part of the event. He left his house at 5am, but only got to the Union Buildings just before 7am due to traffic caused by road closures.While Bonela Biyongo from Arcadia felt sad when she saw the hearse, Nomsa Montshione from Mamelodi said she was on her way to work and decided to park her car on the side of a busy Pretorius street to rush to the Union Buildings to join the guard of honour.“For me it was an exciting experience,” Biyongo said. “I am one of the many people who have never seen Madiba with my naked eyes, and I wanted to do this for my son so that I can tell him this story when he gets old.”And while Abraham Msimang said he was saddened by Madiba’s death, Francisca Lewis said there was cause for celebration, especially considering how far the country had come in the last 19 years of democracy.“He fought for our liberation, and today we are enjoying the fruits of democracy,” Lewis said.After the procession passed, crowds began dancing and singing struggle songs on the lawns in front of the Union Buildings.Route, access, viewingFor people wishing to get to the Union Buildings, the City of Tshwane has made park-and-ride facilities available at the Tshwane Events Centre, the LC De Villiers Sports Facility in Hatfield, and the Fountains Valley Park.Members of the public are urged to make use of these services, as access to the Union Buildings to view Mandela’s body will be restricted to people arriving in city buses only.Street vendors have been advised that no trading will be allowed on the roads designated for Mandela’s cortege over the next three days. Shop owners along these routes are also advised to temporarily close shop, given the large number of people expected to line the streets.The procession will leave 1 Military Hospital in Thaba Tshwane at 7am on Thursday and Friday, travelling on Old Pretoria Road towards the city, then joining Kgosi Mampuru Road until its intersection with Madiba Street, then proceeding east along Madiba Street towards the Union Buildings.Source: SAnews.gov.zalast_img read more

Spotty rains helping and hurting Ohio crops

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Jon Miller, Fairfield CountyLast Friday we got anywhere from a quarter to a little over a half inch on most of our fields. And the Monday before that we had about a half-inch also. Moisture-wise I think we have been some of the luckier ones in the state. Things really look just about as good as we could hope for at this point.Most of our corn is done pollinating. We have some early corn planted on April 18 and we pulled an ear at sweet corn stage already. It is progressing really well with the heat and moisture. It may be an early harvest.Most of the corn pollinated in the low to mid-80s range for temperature. We were maybe a little dry for a couple of days for pollination, but nothing severe.We brought all of the equipment back last Thursday for baling straw and called it quits. We should be between 96,000 and 97,000 bales of straw for the year, which was double what we did last year and it was tremendous. We had the weather to do it. A lot of times we’ll be baling almost until August and this year we were done last week with more bales.I am on the Trade Policy and Biotech team for the National Corn Growers Association and we had meetings last week in Washington, D.C. and the Corn Congress was after that. A good friend and good leader for Ohio, John Linder, got elected to the NCGA Board. He was the highest vote getter in the election. That is the first time ever that Ohio has had two on that board at one time. We have Anthony Bush and John Linder — both from Morrow County — on there now and Ohio should be proud of that. Ohio is well respected at the national level.It seems like there is a huge crop out there after hearing from people across the country. After talking to everyone, it may be tough for the markets to really rally much.For the rest of this week’s reports, click here.last_img read more

Fourth-quarter heroics give Zalgiris vital victory (video)

first_imgZalgiris Kaunas bounced back from a 14-point deficit to keep its playoff challenge alive with a 64-58 victory over Panathinaikos Superfoods Athens. The Lithuanian champs improved to 11-14, while the Greens dropped to 14-11. The win came courtesy of a 30-point fourth quarter by the home team, nearly doubling its output from the opening three periods thanks to a burst of three-pointers. Leo Westermann was the outstanding individual performer with a game-high 14 points, 6 rebounds and 6 assists, while backcourt partner Kevin Pangos dished a career-high 9 assists. Arturas Milaknis scored 13 points and big men Paulius Jankunas and Brock Motum netted 11 apiece. Panathinaikos center Ioannis Bourousis grabbed 5 boards to overtake Felipe Reyes as the league’s all-time leading rebounder. The visitors’ attack was led by Nikos Pappas with 13 points and Chris Singleton with 11, but they were ultimately undone by failing to sufficiently extend their lead during the long periods when Zalgiris’s offense was faltering.After a low scoring start, Singleton’s triple sparked a 0-9 run for the visitors to give Panathinaikos a 3-11 lead, before Westermann scored 4 to narrow the gap. The defenses were held strong during the early stages of the second quarter, with the two teams combining for only 6 points in the first five minutes. A close-range bucket from Bourousis and a fastbreak slam by James Feldeine made it 11-25, before Zalgiris stopped the rot with triples from Milaknis and Westermann, and a ferocious dunk by Edgaras Ulanovas. Pappas responded to give Panathinaikos a 19-31 half-time lead. The start of the second half was also low scoring, with Panathinaikos netting just 2 points in the first five minutes. Zalgiris narrowed the gap with triples from Pangos and Motum to bridge the third and fourth quarters, before Motum tied it with seven minutes remaining, and another downtown strike from Westermann gave Zalgiris its first lead since the third minute. Pappas converted a basket-plus-foul to make it 56-54 with two minutes left, but Jankunas scored 5 consecutive points and there was no way back for the visitors. TweetPinShare0 Shareslast_img read more

NWC to Use Renewable Energy to Reduce Cost

first_imgThe National Water Commission (NWC) is to pursue the use of renewable energy, as a means of reducing its high energy cost.Addressing a press conference at the National Environment and Planning Agency (NEPA) on June 27, NWC President, Albert Gordon, explained that the utility company will be rehabilitating a number of old concrete tanks and in the process will be using photovoltaic panels to replace some of the concrete covers, thereby generating its own power.He also informed that the NWC is looking at potential sites for developing hydro power, pointing out that the Water Resources Authority (WRA) is doing a feasibility study and “based on that, we are hoping we can get involved in generating some of the energy that we need from hydro.”Mr. Gordon noted too, that there have been discussions with the Minister of Science, Technology, Energy and Mining, the Hon. Phillip Paulwell, regarding the use of wind energy and in particular the Wigton Wind Farm in Manchester.“To the extent that we can generate our own power, even if it is not at the location that we need it, then we would also utilize the recently promulgated wheeling power policy, so that if we are generating at a particular location we can have that power delivered to a pump or a demand centre somewhere else in the country, using the JPS grid,” he said.Mr. Gordon further informed that the NWC will be reconfiguring its ‘pump and tank programme,’ where water is directly pumped to tanks and then gravity fed to customers. He explained that this was the original design facility in a number of areas; however demand has outgrown what exists now, both in terms of quantity and pattern.“Some people now live above the storage tanks so, we have to get storage tanks above them, to be able to pump and gravity feed to them. That will also allow us to pump during off peak hours when the electricity rates are significantly lower and then we can store and gravity feed customers,” he said.The NWC uses approximately five per cent of the total energy consumed in the country and is aiming for a 30 per cent reduction in energy costs over the next five years, according to Minister of Water, Land, Environment and Climate Change, Hon. Robert Pickersgill, who made his contribution to the 2013/14 Sectoral Debate in the House of Representatives on June 26.Mr. Pickersgill informed that in addition to resorting to the production of alternative energy, the utility company will replace 320 old inefficient pumps and rehabilitate 288 tanks with the necessary controls to prevent overflows.Contact: Andrea Brahamlast_img read more

Road maintenance crews prepping for late winter storm

first_imgFORT ST. JOHN, B.C. — Road maintenance crews on both sides of the Peace River say they’re preparing for a late blast of winter after a winter storm warning was issued for the regionFort St. John’s General Manager of Integrated Services Victor Shopland said that City snowplow crews are geared up and ready to begin to respond to the dump of snow, which is expected to start falling through the overnight hours. Shopland said that crews will be switching gears after doing haul-off operations of parking lanes over the past few days of warmer weather.YRB North Peace General Manager Chris Charbonneau said that his crews are going to be supplemented with additional personnel to deal with the winter storm. He said that while most of the snowfall accumulations are forecast for the South Peace, winds and drifting are expected to be the main issue north of the river. Charbonneau added that while additional crews will be increasing patrols on area highways, residents can call YRB 24/7 to report problem spots, since snowplows can’t be everywhere at once. YRB’s toll-free number is 1-888-883-6688.Caribou Road Services spokesperson Sarah Griffith said that the South Peace is expected to get anywhere from 5 to 25 centimetres of snow, with wind gusts of up to 70 km/hr and temperatures forecasted to go down to -18 degrees. Griffith said the largest amount of snow is going to fall in the Chetwynd, Pine Pass and Tumbler Ridge areas.Griffith said that many side roads in the South Peace are narrow in places with very high snow banks. With the forecast snow and winds, it may cause side roads to become drifted-in and closed again. She said that residents who live in one of the drift-prone areas should make sure that they have an adequate supply of medication, food, and water to hold out until snow clearing equipment can clear the roads.According to Griffith, CRS crews and hired equipment operators will continue to work around the clock to keep everything open.For up-to-date road conditions, visit DriveBC.ca.last_img read more