Enter the terms you wish to search for. In recent years the cryptocurrency market has grown considerably, with more and more people using it and investing bitcoin Mining Hardware Manufacturers money,” said Mike Betts, head of skills and development at the ECA.
However, this surge in popularity has also given rise to more fraud in this area, with criminals identifying cryptocurrencies as a new way to defraud people and steal their money, and also launder money. Bitcoin and Bitcoin Cash: what happens now? Officers who successfully complete the course will be able to understand how to detect, seize and investigate the use of cryptocurrencies and will be able to explain the investigative opportunities available to recover and trace them. The course also covers the criminal use of cryptocurrencies and the legal framework relevant to digital currency investigation. So far the ECA has delivered a successful pilot course to City of London Police officers, with another scheduled in August for a regulatory body partner. It is hoped that the course will then be rolled out nationally in autumn. The Economic Crime Academy continues to develop national and international courses in response to emerging threats and this new course will provide training to counter the growing risks that cryptocurrencies pose,” Betts added.
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Bitcoin and other cryptocurrencies are used by criminals who value the lack of transparency around transactions, as well as the difficulty of tracing money flows. 3 million worth of digital coins. 7,000 valuation yesterday, in what was one of the cryptocurrency’s biggest upswings in over a year. 20,000 a coin at the end of 2017, thanks to a combination of regulatory actions and warnings.
6,300 on Monday, but Bitcoin has had positive regulatory news in the market for digital currencies recently, and incoming Goldman Sachs boss David Solomon has said the bank wants to add more digital currency services. Explaining the rally in Forbes, blockchain investor and advisor Oliver Isaacs pointed to positive developments and the impact they had on the markets. I think we are starting to see a strong positive shift in sentiment,” he said. Major recent positive news includes the CFA examination adding blockchain topics to its curriculum, a move that is most certainly going bring widespread knowledge and exposure of digital assets to Wall Street. In addition, Coinbase, which is the largest exchange in the world, has just been approved to list securities, representing significant progress in its bid to operate as an officially regulated crypto broker-dealer”. 5,800, a price not seen since early November. Such is the influence of Bitcoin on the market, the fall in value has been felt by almost every other major cryptocurrency.
The price of Bitcoin has now fallen to its lowest point in eight months, officially undoing all the gains it made during its unprecedented climb at the end of 2017. The hype created a buzz of interest among short-term investors looking for a quick return, despite warnings from financial institutions that the currency’s volatility would almost certainly result in mass losses. 8,000 wiped off the currency, and despite the occasional modest resurgence, Bitcoin has essentially been in free fall ever since. Given the influence Bitcoin exerts on the market, the fall in value has been felt by almost every other major cryptocurrency. 665, both of which hold a similar position held before the late November price surge.
44, still retain some of their gains, however, these are a fraction of the prices seen in December. The market has come under increased pressure from regulatory bodies seeking to protect investors from a volatile industry, while a series of breaches to cryptocurrency exchanges have undermined the trust that investments will remain secure. Facebook is to reverse a decision on banning cryptocurrency ads running on its social network. The social network will immediately allow advertisers to promote cryptocurrency products again, backtracking on a previous decision to block them. However, it said that advertisers wishing to do so must submit an application to help Facebook assess their eligibility — including any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business. Given these restrictions, not everyone who wants to advertise will be able to do so. Rob Leathern, product management director at Facebook.
Facebook brought in the ban in January. While the ban has been partially rescinded, Facebook continues to prohibit ads that promote binary options – where traders bet on a market movement for a set amount of money – and initial coin offerings. 6 million in cash and gold bars. 5,000 before summer ends, according to the Express, due to tough regulation in Japan and the hacking of some exchanges across Europe. In a report called Cryptocurrencies: Looking beyond the hype, the Swiss-based umbrella group for the world’s central banks rejected the notion that Bitcoin and blockchain could ever replicate bank-backed currencies on a national retail scale because they are ‘unstable’, and would struggle with the scale of transactions people make. The key issue with cryptocurrencies is their unstable value. They do so at high frequency, in particular during times of market stress but also during normal times.
BIS also said that cryptocurrencies are also vulnerable to a breakdown in confidence because trust can evaporate at any time due to the fragility of the decentralised consensus through which transactions are recorded – where far-flung people confirm and record transactions via blockchain’s distributed public ledger. In addition, the bank suggests that using a blockchain to process a nation’s daily volume of retail payments would prove too much for the typical storage capabilities of current smartphones. The report claims that “only supercomputers” possess the processing power needed to conduct every retail transaction on a blockchain, and even if there were sufficient supercomputers to create a decentralized network, millions of users would exchange files on the order of a magnitude of a terabyte. This massive volume of communication volume would impact the internet, according to the report. HTC is planning to build a new blockchain-powered phone featuring a built-in cryptocurrency wallet. The touted Android device, known as Exodus, will come packaged with a universal wallet and hardware support for all major cryptocurrencies, including Bitcoin, as well as featuring decentralised applications.
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Taiwanese manufacturer HTC is aiming to sync its Exodus devices to a native blockchain network, with each device acting as nodes, enabling cryptocurrency trading among users with ease. Head HTC’s business and corporate development Phil Chen, who founded the company’s virtual reality system Vive, outlined these plans in an interview with The Next Web, also providing provisional schematics. Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Chen said. We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together. HTC’s latest innovation follows in the footsteps of electronic manufacturing giant Foxconn, which last month announced it had agreed to build a blockchain-powered device developed by Sirin Labs. The Finney, which is expected to ship in October, features a ‘cold storage’ crypto wallet, enabled via a physical switch, that, when flicked, immediately turns off all unencrypted communications – meaning the crypto wallet will be offline unless deliberately activated.
Oct. 27, 2015: White House petition for Obama to reject backdoors passes 100,000-signature mark
HTC’s announcement continues a recent trend of companies taking up blockchain technology in a bid to refresh and enhance their products and services – with a range of sectors, from finance to automotive, indulging in the new technology’s appeal. But KPMG, meanwhile, believes blockchain still remains in the “hype stage” with results not expected till at least 2019 at the earliest. Speaking to IT Pro in February, KPMG head of tech growth Patrick Imbach said: “I’m not sure actually whether some sort of tangible use-cases and commercial models based on blockchain technologies will evolve over the next months. We’re still a little bit early in that process, I wouldn’t expect any exciting commercial opportunities to arise in large numbers any time soon – in the UK, particularly.
Unicef wants to borrow your computer’s processing power for a good cause – mining cryptocurrency. Any digital coins the children’s charity successfully mines via its Hopepage, which people can visit to ‘donate’ their CPU, are automatically donated to the charity’s Australian arm, Unicef Australia, and spent on life-saving supplies such as clean water, food and vaccines for vulnerable children. People can choose the level of processing power they want to let Unicef use, and Unicef can borrow it as long as users stay on its mining page. We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them,” said Unicef Australia’s director of fundraising and communication, Jennifer Tierney. We don’t have a target in minas it is the first time a product like this is developed for the market. We’re hoping to raise thousands, and we’re asking people in Australia to make the Unicef Hopepage their homepage.
Monero that can be embedded into other websites. By donating CPU, Unicef is able to use processing power in bulk to solve complex equations that reward successful miners with new coins they can spend. The Hopepage is currently supporting the charity’s response to the Rohingya crisis and follows on from Unicef’s previous cryptocurrency-driven fundraising platform, Game Chaingers, which started earlier this year. Game Chaingers used cryptocurrency mining as a method to help raise donations for Syrian children caught up in the country’s ongoing conflict, by asking gamers to install Claymore to generate Ethereum. Salon recently asked readers using ad-blockers to allow it to mine cryptocurrencies with their spare processing power instead. It announced the news in the form of a written statement penned by the Coinsecure team, as well as a copy of a complaint issued to New Delhi Police by CEO Mohit Kaira.
Our system itself has never been compromised or hacked, and the current issue points towards losses caused during an exercise to extract BTG to distribute to our customers, ” said the firm in a statement. However, Kaira is not buying this story and has accused Saxena of orchestrating the entire heist. Only Karia and Saxena have access to the private keys for the wallet. Amitabh Saxena does not seem convincing to us.
The news comes as the Reserve Bank of India has implemented a new rule banning banks and other financial organisations from accepting cryptocurrencies. We have decided to ring-fence the RBI regulated entities from the risk of dealing with entities associated with virtual currencies. They are required to stop having a business relationship with the entities dealing with virtual currencies forthwith and unwind the existing relationship within a period of three months. Max Heinemeyer, director of threat hunting at cyber security firm Darktrace, said it is becoming increasingly difficult for the police to handle cryptocurrency-related crime. There used to be a money trail that law-enforcement could trace back to offenders.
Cryptocurrencies allow anonymous monetary transactions, basically eliminating the traceable money trail that was the biggest challenge for a lot of cyber-criminals in the past,” he said. Criminals are notoriously adaptable and will follow the money wherever it goes, leading to an increase in the popularity of cryptojacking. Japanese online currency exchange Monex is to acquire Coincheck, a cryptocurrency exchange that became notorious earlier this year for suffering a major security breach. The deal, which was first rumoured earlier this week, will cost Monex 3.
CEO and COO stepping down and Monex’s CEO Toshihiko Katsuya taking over as head of the business. Monex has had no dealings in Bitcoin or any kind of cryptocurrency previously, but the acquisition will give it a foot in the door of this increasingly lucrative market. In a statement reported by CCN, Monex said: “We recognise blockchain technology and cryptocurrencies as next-generation technologies and platforms which are likely to drastically change the way people approach money. Coincheck which has been a pioneer among cryptocurrency exchanges,” it added.
Coincheck has something of a chequered past, having fallen victim to a massive hack in January this year. Gox in 2014 and making it possibly the most expensive hack ever. Japanese financial authorities to tighten up its security. Addressing this issue in its acquisition statement, Monex said: “We aim to build a secure business environment for customers by fully backing up Coincheck’s enhancement process. Electronics manufacturing giant Foxconn has agreed to build a blockchain-centric phone that will help its owners securely store and trade cryptocurrency. Developed by Sirin Labs, the device – dubbed Finney – will run the Android-based Sirin OS, and act as a device to securely store cryptocurrencies such as Bitcoin and Monero and convert cash from one cryptocurrency to another.
The phone will also feature a ‘cold storage’ crypto wallet, enabled via a physical switch, that, when flicked, immediately turns off all unencrypted communications – meaning the crypto wallet will be offline unless deliberately activated. Furthermore, as Sirin OS makes use of the distributed ledger consensus found in blockchain systems, it is claimed to be fully tamper proof. Accompanying a sleek design, provisional hardware specs include a 5. 5in display, 64GB internal storage, 6GB of RAM with a 12MP main camera and 13MP front-facing camera. The phone is expected to ship in October, with Sirin aiming to sell between 100,000 units to a few million in 2018, potentially adding to more than 25,000 pre-orders. Moreover, the device will initially be sold in eight new stores located in regions with the most active crypto communities, from Vietnam to Turkey, according to Bloomberg. But according to auditors KPMG, blockchain still remains in the “hype stage” with results not expected till at least 2019 at the earliest.
Finney is Sirin Labs’ second smartphone device following the release of Solarin in 2016. Users will also be able to pre-order Finney using SRN, Sirin’s own token, at a discounted price. Monex, a commercial foreign exchange service, has expressed an interest in buying Coincheck, the bitcoin business that was the victim of a huge digital money theft earlier this year. If the deal, which was first reported by Reuters goes ahead, it will give Monex the opportunity to use Coincheck’s trading platform and snipe its customers, transitioning them to its products instead, although it’s unclear how many customers Coincheck has at present. 74 million customers and is estimated to hold 4. At present, it doesn’t have a cryptocurrency business, but has realised the potential and will look to Coincheck to provide guidance. Coincheck is estimated to be the fifth largest crypto currency exchange in Japan, which would give Monex quite the start to its virtual currency business.
380 million worth of digital currency was stolen from Coincheck in a high-profile attack in January, although the company hasn’t formally revealed how much was taken. Following the theft, the Japanese authorities came down hard on all the country’s digital currency providers, accusing them of being lax over customer data protection and money laundering regulations. 2018: Twitter has said it will join Facebook and Google in banning adverts for initial coin offerings on its platform over concerns that users could be duped by misleading claims. Twitter spokesperson, speaking to Bloomberg on Monday. We know that this type of content is often associated with deception and fraud, both organic and paid, and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner. Adverts for token sales had increased in volume across social media sites following the rise in popularity of cryptocurrencies last year, allowing potential investors to trade cash for new speculative cryptocurrencies set up to support the launch of a new service. While many of these ICOs are legitimate attempts at crowd-funding, users are frequently stung by projects that either fail to live up to promises or outright scam their investors out of their funds.
Facebook was the first to take action against this style of investment, banning all cryptocurrency adverts in January, while Google later said it would also start removing all adverts starting in June. Twitter’s new stance is not an outright ban, as it said it will be restricting adverts to only those cryptocurrency exchanges and wallet services that are offered through public companies already listed on major stock exchanges. 8,000 at the time of writing, and has yet to recover from the market slump at the start of the year which saw hundreds of billions wiped off the cryptocurrency market almost overnight. Bitcoin owners may soon find themselves faced with a nasty tax bill that’s worth more than the value of their coins, amid a market downturn that shows no signs of recovery. 20,000, only for the market to crash at the start of 2018, wiping more than half of the value of the currency. For those that traded in the US, and therefore were subject to Internal Revenue Service tax laws, it’s likely that they have capital gains to report that may be in excess of the value of any coins they now hold.
7200,” a Reddit user who goes by the name ‘thoway’ said in a post. 153, all significantly down since the start of the year. 20,000 in digital currencies between 2013 and 2015. The position is that failing to report capital gains could be considered tax evasion. While IRS rules are fairly straightforward, the same can’t be said of other countries struggling to deal with tax issues and consumer protections.
500, which state that those who buy or sell cryptocurrencies are subject to capital gains tax. However, whether any profit is chargeable is judged on a “case by case basis”, and that “depending on the facts, a transaction may be so highly speculative that it is not taxable or any losses relievable. For example gambling or betting wins are not taxable and gambling losses cannot be offset against other taxable profits,” the guidance reads. Importantly, the UK has yet to make any demands similar to the IRS on cryptocurrency exchanges, but given the number of users trading in high value transactions, that could change. Google is banning all advertising for cryptocurrencies and initial coin offerings, joining Facebook in a clampdown on speculative financial services.
Starting in June, the world’s largest provider of digital ads will block promotions for platforms such as Bitcoin across its entire portfolio of services, including Youtube and any third-party websites that buy adverts from Google. Adverts for cryptocurrencies, exchanges, digital wallets, trading advice, and initial coin offerings will all be banned under the revised policy, according to a brief Google statement released on Tuesday. Other instruments, such as binary options trading and spread betting, which often sell themselves as get-rich-quick schemes to internet users, will also be banned. Google hasn’t given its reasoning for the ban, but it’s likely to be in response to a rising number of online scammers trying to take advantage of the furore around cryptocurrencies by promising quick returns on investments. It follows a decision by Facebook in January to ban all adverts for Bitcoin and similar crypto assets, which it made clear at the time was an attempt to protect its users from exaggerated promotions. Initial coin offerings, which ask investors to fund a new cryptocurrency in order to support a service or product, have become particularly problematic for online advertisers. While there are many legitimate offerings, it’s thought that only half of the ICOs in 2017 successfully made it out of their initial funding stages, and many were deliberate attempts to scam their investors.
The ban contributes to a much wider regulatory clampdown on the crypto market, with major markets in the US, China, Japan and South Korea having already made it clear that tougher regulations are on the horizon. The tightening grip of the market since the New Year has meant the cryptocurrency market has struggled to recover from recent price adjustments, and has largely remained stagnant over the last three months. 10,000 less than its December high. Police believe that this was one of Iceland’s biggest ever burglaries, with Icelandic publications branding it the “Big Bitcoin Heist”. Of the 11 arrested, only two people remained in custody after a hearing at Reykjanes District Court on Friday, Associated Press reported. The heist happened in the southwestern Reykjanes peninsula, though the authorities did not name the companies that were affected.
Olafur Helgi Kjartansson, police commissioner for the region, described it as a “grand theft on a scale unseen before”, adding that it was “a highly organised crime”. Prosecutors believe that the criminals behind the heist masterminded four burglaries in total. Three of them happened in December, while another occurred in January. Cryptocurrencies, and Bitcoin in particular, are potentially lucrative assets for criminals, with their values rising, if volatile.
Get to know the opportunities for earning Bitcoins. But remember – safety first.
They also make it more difficult for police to follow criminal transactions due to their anonymous nature. The weakest point in any cybercrime operation used to be the monetisation – e. Max Heinemeyer, director of threat hunting at cyber security firm Darktrace, told IT Pro. There used to be a money trail that law enforcement could trace back to the offenders. Cryptocurrencies allow anonymous monetary transactions, basically eliminating the traceable money trail that was the biggest challenge for a lot of cyber criminals in the past. Governments across the world have voiced concern about digital currencies, with China and South Korea already having implemented strict regulations on crypto-mining.
Last week, Bank of England Governor Mark Carney slammed cryptocurrencies for causing a “global speculative mania”. The group is to form an organisation that will enforce standards for cyber security and best practice across the industry, an effort that’s almost certainly an attempt to get ahead of government-led regulations that some fear could stifle the cryptocurrency market in the country. There’s currently no name or launch date for the organisation, although sources have suggested the body will form at some time in the Spring. 530 million hack on Tokyo-based crypto exchange Coincheck in January, which sparked alarm that the industry was doing very little to ensure customers are protected. Calls for industry-wide security standards were made when it was discovered Coincheck had stored funds in wallets connected to their networks rather than in isolated, offline wallets that many other exchanges favour. An additional sixteen exchanges, including Coincheck, have also been permitted to continue operating while their applications to the self-regulatory body are reviewed.
If the body is able to self-regulate successfully, it could be a compromise to heavy-handed government oversight that threaten exchanges in South Korea, one of the most influential markets in the cryptocurrency industry. The European Union has warned that it will begin regulating cryptocurrencies if the market’s volatility, born from spikes in the value of Bitcoin and others, is not addressed by the industry. Policymakers have long been concerned by the lack of regulatory oversight of alt-currencies, which have grown incredibly popular over the past year, despite the significant risks to investors. 20,000 in late 2017, only to plummet dramatically the next month, wiping off hundreds of billions from the market. The accelerated pace of the cryptocurrency market, matched against the digital transformation of societies, has posed concerns, particularly as the decentralised nature of the market means there’s a lack of accountability or central regulatory body. The anonymity it affords participants within its transactions has also created concerns that it will provide a major boost to illicit proceeds generated from drug sales and arms laundering.
This is a global phenomenon and it’s important there is an international follow-up at the global level,” Valdis Dombrovskis, the EU’s financial chief, said, as reported by the Guardian. Similarly, in a Reddit ‘Ask Me Anything’ session, founder and former CEO of Microsoft Bill Gates slammed cryptocurrencies by going so far as to say Bitcoin had “caused deaths” with its use in the drug trade. The Treasury Committee recently announced it would be launching an inquiry into whether the technology is harmful, while Lloyds announced it was banning their customers from using credit cards to purchase bitcoin. Elsewhere across Europe, there is a cautious pursuit of bitcoin. Germany and France have recognised its potential for innovation and growth but believe it presents substantial dangers to investors and, without the necessary regulatory frameworks, could be a boon to the financial crime industry. The UK’s Treasury Committee has said it will investigate digital currencies and the underlying blockchain technology, in an effort to assess the potential benefits and risks facing consumers, businesses and the government. The scope of the cross-party inquiry will include an assessment of the growing popularity of cryptocurrencies like Bitcoin, which in theory could lead to more stringent regulations for trading in the UK.
Particular attention will be given to the risks that digital currencies pose to businesses and consumers, such as the market’s volatility and its use as the currency of choice for cyber criminals and money launderers. The Treasury Committee will also look at the development of distributed ledger technologies such as blockchain and its potential effects on UK financial institutions and infrastructure, which includes the central bank. New technology offers the economy potential gains, but as recently demonstrated, it may also bring substantial risks. It is time that Whitehall and Westminster understood cryptocurrency better, and thought more clearly about the policy environment for blockchain technology.
The cross-party committee will take evidence from market experts as part of the investigation, before submitting a report to the government outlining its recommendations. France and Germany have both signalled their desire to have the implications of cryptocurrencies placed on the agenda at the G20 summit in Argentina in March. However, the UK’s inquiry into digital ledger technology is most likely going to strike a more positive tone, as the likes of the Bank of England have already worked closely with blockchain startups on projects involving asset exchanges and the tracking of public money. Customers were charged multiple times for transactions, which Coinbase has explained as a result of a bug tied to how credit companies billed for the service. Having fixed the issue, the Bitcoin exchange has vowed to refund those affected. After banks issued warnings they would no longer permit customers to buy cryptocurrencies using credit cards, the changes kicked into effect.
I made ALL of that money in crypto over the past 8 months. This is not good and I feel sick. I knew there is risk to lose money in this space, but not like this! I may as well have burned it all. This will simply fuel worries echoed by banks and governments that cryptocurrency is posing a risk.
Banks are largely concerned that consumers are investing in Bitcoin to pay off debts, and instead worsening their situation. There are also concerns that the anonymous nature of cryptocurrency transactions is powering criminal behaviour such as money laundering and funding both the drugs sale and arms sale. The Treasury will reportedly regulate Bitcoin and require traders in cryptocurrency to disclose their identities and report suspicious activity. 18: American news publication Salon has announced it is testing the use of cryptocurrency mining software to boost revenues.
In a bid to counter ad-blockers, which are often the main source of generating revenue for websites, Salon has explained that in a trial test it will give readers an option of accepting ads or allowing spare parts of their computer’s processing power to be mined for Monero, a cryptocurrency that is similar to the well-known Bitcoin. However, Salon notifies users and requires them to agree to use the tool. The computer’s spare processing power is harnessed when users are browsing the Salon website and readers will reportedly hear their machine’s cooling fans stir into life, as the computer begins to utilise more power. Bitcoin is causing serious power supply problems in Iceland according to energy executive Johann Snorri Sigurbergsson, saying the data centres supporting the virtual currency’s use are consuming more power than all of the country’s homes. He added the Icelandic population is excited about jumping on Bitcoin mining opportunities, but if everyone who’s expressed an interest in mining starts taking part, it’s unlikely the energy infrastructure will be able to take it. Almost all of Iceland’s power comes from renewable sources and many of the companies building data centres in the country want to stick to their guns and make use of green energy. What we’re seeing now is you can almost call it exponential growth, I think, in the consumption of data centres,” Sigurbergsson told the BBC.
I’m getting a lot of calls, visits from potential investors or companies wanting to build data centres in Iceland. If all of these data centres were to go ahead, the country would run out of energy to supply both them and homes and businesses. Just as a comparison, Iceland’s population of 340,000 people use around 700 gigawatt hours every year. If Bitcoin mining continues to rise at its current rate, Bitcoin mining operations will use around 840 gigawatt hours of electricity in the very near future. This energy is used for powering the computers in the data centres, as well as cooling systems. This is a list of currently discussed ASIC bitcoin mining hardware.
Please note that some manufacturers have not shown a working product yet, so do your own research before ordering any product. To always get the freshest ASIC news, subscribe to our newsletter and follow us on Twitter. Nothing is guaranteed, all data is roughly estimated. HEVC Advance is heeding our advice. Boston organization or from IP addresses associated with patent pool members. The patent licensing changes have a striking resemblance to our recommendations. Manufacturers of high-def Blu-ray players, 4K TVs, video streaming devices, cloud media vendors, software developers, and virtually all mobile gadgets are receiving an invoice, and it is a shocker.
USB Litecoin miner
It’s not just the amount of the bill that is staggering, it’s what is demanded of them—facts and calculations that could be almost as costly to compile. The question asked in the title is rhetorical, of course. Lawyers run HEVC Advance, which is the licensing consortium for the H. But according to one industry analyst, the lawyers have not consulted with streaming services, and their licensing model is completely unworkable. 265 is open source, but it is not free. It is the product of slew of inventors and other intellectual talent.
This past week, HEVC Advance published the royalty structure for anyone that wants to bake the growing market for HEVC into their products and services. The problem is that instead of sending their bill to the device manufacturer, they want a piece of every single film, game, video or graphic that is sold. They want it on content rather than technology. First, it is a staggering amount when you consider that the market is set to explode—even more than it did for the previous standard H. That’s because few people plan to purchase video on DVDs.