Ark ARK

$0.6201
Market Cap $ 67.680 MM (#73)
24h Volume $ 680.923 K
Chg. 24h: -2.04%
Algo. score 3.5/5  (#96)
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Ark News

Create Your Own ARK Based Blockchain in Minutes With ARK Deployer V2

The ARK team has recently released their updated version of a blockchain creation package called ARK Deployer. The original ARK Deployer was released over a year ago to facilitate easy blockchain creation and to launch your very own ARK based chain. Recently it has been completely updated and is now compatible with the new ARK Core v2 codebase. The ARK Deployers primary purpose is to help you quickly create your own blockchain by following simple instructions using the Deployer CLI. With basic technical knowledge, you can be up and running with your own blockchain in less than half an hour. The ARK Deployer is the perfect solution for anyone who wants to create a custom blockchain based on ARK technology. Whether it is for learning purposes, start-ups or commercial applications, the Deployer is your solution to create your very own blockchain. Follow this full step by step guide on how to deploy your blockchain: https://blog.ark.io/ark-deployer-v2-setup-guide-55b96555d10e This new version is no longer limited to just a single Bridgechain network like previous versions. The Deployer now creates new instances for your main chain along with test networks, giving you a fully customizable environment setup for bridgechain development. Giving you or your team a solid foundation for your new project or ideas and letting you create applications on top of an already established network. Deployer launches your blockchain with pre-configured blockchain parameters that can be adjusted to fit your custom needs. This includes the ability to change your networks to either Dynamic or Static Fee configuration. You can also choose a set amount of peers/delegates, mass licensing auto updates, block times, block rewards, coin name, block times and so much more. This all-in-one package launcher also provides you with your own block explorer and everything is easily compatible with ARK wallets. Giving you full instant access to an entire suite of tools for your network. The ARK Deployer v2 will be the base for the upcoming graphical user interface (GUI version) that will allow for quick and easy blockchain creation, making ARK a true Push Button Blockchain creation environment. Currently, there is no exact date for release yet, but it is in the works and progress can be tracked via the ARK Roadmap. Create Your Own ARK Based Blockchain in Minutes With ARK Deployer V2 was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

3 days ago

Create your own blockchain with newly launched ARK Deployer v2

CryptoNinjas ARK, a delegated proof of stake (DPOS) blockchain able to link blockchains through so-called ‘smartbridges’ has announced the launch of ARK Deployer v2. The ARK Deployer is a solution for anyone who wants to create a custom blockchain based on the ARK technology... Create your own blockchain with newly launched ARK Deployer v2

3 days ago

$1.4 Trillion in Bitcoin (BTC) Transacted Last Year, $15,000 Average TX Size, Fintech Entrepreneur Reveals

Catherine Wood, the founder and CEO of ARK Investment Management, a New York-based firm focused on “thematic investing” such as “Industrial Innovation” and the ”Next Generation Internet,” has argued that Bitcoin (BTC) should be a part of every portfolio.

3 days ago

Fintech Entrepreneur Says $1.4 Trillion in Bitcoin was Transacted Last Year

ARK Investment Management, a New York-based firm practicing “thematic investing” believes that Bitcoin should be a part of every portfolio and CEO Catherine Wood said that she founded ARK Invest in order to target “disruptive innovation” that is currently a void in investment research. Wood made the comments during a recent interview on Anthony Pompliano’s Off the Chain podcast and she also said: “Blockchain represents such a profound change that people just do not understand.” According to Wood, in 2018 there were $1.4 trillion in transactions over the Bitcoin blockchain and the average transaction size was $15,000. Wood also said “Visa is not even an order of magnitude greater” when the number of transactions it processed is compared to the number of transactions settled on Bitcoin’s network. (RS)

5 days ago

ARK Ecosystem and Wolfram Blockchain Labs Partner to Improve Developers’ Access to Toolkit

Wolfram Blockchain Labs, a renowned provider of distributed ledger technology (DLT) ecosystems announced via a March 11, 2019, press release the integration between its DLT hosting architecture and the ARK Ecosystem. Opening the Doors to a New Dimension of Blockchain The new alliance will enable different developers to create fresh applications for blockchain technology andRead MoreRead More. The...

8 days ago

ARK Joins Hands with Wolfram Blockchain Labs

ARK, a public API, recently announced a partnership with Wolfram Blockchain Labs. This collaboration would incorporate ARK into the Wolfram Language, making it programmatically available for analytics, application development, and computational exploration. This programming language integration enhances the 18 different Software Development Kits (SDKs) that ARK already has. The Wolfram Language gives access to Testnet and Mainnet networks to develop and access transactional data on a variety of blockchains including Bitcoin and Ethereum. ARK and Wolfram would also publish computational essays to help educate individuals seeking computation-based knowledge. (VK)

9 days ago

ARK Partners with Wolfram Blockchain Labs

Through this collaboration, the ARK public API is now integrated into the Wolfram Language and programmatically available for analytics, application development, and computational exploration — with universal and consistent functions for building services using data from ARK nodes. This programming language integration adds to the already impressive 18 different Software Development Kits(SDK’s)...

9 days ago

Almost all of the top 20 blockchain projects with the most developer activity on Github are building on Ethereum

One of the key indicators of the health of a network is how much building is going on. [State of the Dapps](https://www.stateofthedapps.com/rankings?sort=dev_30d&order=desc) does a stellar job at capturing different data sets, and one of them is developer activity on Ethereum, EOS, Steem, and xDai. This information is by no means a definitive picture of the blockchain ecosystem, but the data does represent some interesting trends. Here is a list of the top 20 they put together based on activity 🛠️ Status, Cosmos, High Fidelity, ARK, Gnosis, Storj, Origin Protocol, Aragon, Augur, Simple Token/OST, Metamask, eSteem, Decentraland, SingularityNET, OmiseGO, 0x, Neufund, Civil, Raiden Network, Basic Attention Token. For a full breakdown of each project, check out the original article [**here**](https://media.consensys.net/the-20-blockchain-projects-with-the-most-developer-activity-on-github-6e0d6e748b8d).

10 days ago

Internet Pioneer Kaspersky: Digital Currencies (Likely Not Bitcoin) To Replace Banknotes

Bitcoin Unlikely To Replace Fiat Since Bitcoin (BTC) was thrust into this world, its most fervent advocates understood that it was created to be a digital alternative to the incumbent financial system. While this underlying raison d’etre has been upheld over time, some pundits claim that the cryptocurrency won’t replace the fiat system. Eugene Kaspersky, the Russian genius behind Kaspersky Lab, is in that boat. He recently took to an interview with Arabian Business to touch on his theory on the subject matter. The purported billionaire, whose wealth was enabled through the Internet and technology, stated that cryptocurrencies are “a great idea,” but noted that as it stands, society at large isn’t ready for such an innovation. He explained that for the world to be fine with encrypted, Internet-based mediums of exchanges, the “world must be united,” as “governments will want to control them” for their own ulterior motives. He added that a world united isn’t out of the cards, noting that “perhaps in 100 years’ time,” all the world’s governments would join into one entity, leading to a centralized, ubiquitous currency. This could very be a digital asset instead of banknotes, Kaspersky hinted. But, he noted that today’s cryptocurrencies, like Bitcoin, currently don’t have the ability to replace the entire financial system. He lauded blockchain technologies, saying that slight modifications could make it perfect host for a global economy, but made it clear that today’s systems would likely be too immature to overthrow Wall Street and its underlings. Kaspersky is likely touching on the fact that Bitcoin’s transactional throughput is limited, but is forgetting to make reference to the Lightning Network and other pro-scaling solutions. Many Beg To Differ Some have begged to differ, claiming that Bitcoin is poised to replace the incumbent financial system. ShapeShift CEO Erik Voorhees noted that crypto’s rise to worldwide dominance may be inevitable, as the asset class poses an existential threat that decentralized money poses to centralized systems. Voorhees elaborated: I’ve felt like it has always had a significant potential to take over the world... and I still do. I still think that it is going to replace government fiat over time, especially as people continue to figure out that there is an alternative to that scam. John McAfee has also been skeptical of fiat, especially the U.S. dollar. The U.S. presidential candidate, who is currently on the run from the authorities, noted that in five years time, fiat will “be on its last legs.” Tim Draper has perpetuated this sentiment too. Per previous reports from Ethereum World News, the Silicon Valley venture capitalist explained in an interview with Fox Business that in five years time, only criminals may be using fiat currencies. Even Elon Musk, the chief executive of Tesla, SpaceX, OpenAi, the Boring Company, among other Silicon Valley companies, has thrown in his hat on the subject matter, but was hesitant to call government-issued currencies a scam or something of similar nature. Musk told ARK Invest’s “FYI” podcast that “without a doubt,” cryptocurrencies are a “far better way to transfer value than pieces of paper.” Photo by Christopher Gower on Unsplash The post Internet Pioneer Kaspersky: Digital Currencies (Likely Not Bitcoin) To Replace Banknotes appeared first on Ethereum World News.

17 days ago

Bitit adds support for BTT, KMD, ARK, WAVES, IOST, NPXS, IOTA, and POLY

CryptoNinjas Paris headquartered crypto buying service Bitit, today announced support for 8 new tokens including: BitTorrent (BTT); Komodo (KMD); Ark (ARK); Waves (WAVES); Iost (IOST); Pundi X (NPXS); Iota (IOTA); Polymath (POLY). With the latest additions, Bitit has... Bitit adds support for BTT, KMD, ARK, WAVES, IOST, NPXS, IOTA, and POLY

18 days ago

GCR Exclusive: Bitmain’s Efforts to Generate Cash Flow; Bitmain co-founders Micree Zhan Off to Build A New Mining Business and Jihan Wu to a New Company called Matrix

Today, Odaily, a Chinese media site, reported that a mining farm led by the cofounder of Bitmain Micree Zhan suddenly appeared in Sichuan, China. People speculated whether Micree was returning to mining after leaving the Bitmain CEO’s role. However, according to sources, this is probably a development that came out of Bitmain ’s “joint mining” strategy since the bear market last year. It is worth noting that this is a huge deployment. It is reported that Zhan hurriedly deployed 100,000 mining units in the first two months before the arrival of the flood season, to purely mining Bitcoin. If it is fully loaded, 100,000 sets of mining machines will be equivalent to 1.33EH/s, which accounts for about 3% of Bitmain’s total network computing power, and is equivalent to the sum of Huobi mining pool power. For the past six months, the cryptocurrency space has been in a downward trend in the bear market, and most of the companies associated with it have endured poor financial positions. Three major miners such as Bitmain, Canaan, and Ebang International went to Hong Kong to apply for IPO last year, with a goal to expand financing channels. But as of now, the IPO applications of the latter two miners have expired, and the results of Bitmain are unpredictable. At the end of last year, Odaily reported that Micree Zhan and Jihan had simultaneously resigned as CEO positions in Bitmain. Subsequently, Bitmain continued to decline along with Bitcoin prices, with large-scale demolition of its mines, layoffing 50% of its employees, and so on. Bitmain official rarely reveals its true operating status, latest developments, etc., so it is difficult for the outside world to really understand what’s happening. But at this year’s annual company meeting, a photograph showed that Micree Zhan covering his face and weeping, and Jihan standing beside him comforting him. Perhaps, this image can show how complex and bitter the situation is for Bitmain. On March 4th, Odaily verified Micree Zhan’s affiliated Sichuan Mining Farm with Bitmain. Their response is that its: “just a general commercial cooperation between companies, please focus on the business relationship, not personal history.” Bitmain’s 100,000 mining machines are in preparation for China’s flood season, with Micree Zhan taking over the responsibility “Zhan came out to create a mining farm in Sichuan with 160,000 loads, 100,000 mining units.” A mining insider named Zhao Yiming (a pseudonym) revealed. In the past two months, Bitmain has been demolishing, selling machines, and conducting mass layoffs. But on the other hand, there are always new moves from the company. According to industry and commerce data, on November 22, 2018, a company named Hainan Continental Ark Data Technology Co., Ltd. (hereinafter referred to as “Ark”) was incorporated in Hainan, China, with a registered capital of 30 million RMB and a person named Wang Ming accounting for 100% of the ownership. Two months later, Fujian Chuangke Technology Co., Ltd. (hereinafter referred to as “Fujian Chuangke”) joined and acquired 40% of Ark. Fujian Chuangke is a 100% shareholding company owned by Bitmain, of which both legal representatives is Micree Zhan. Joined by Fujian Chuangke also came Micree Zhan, who served as the company’s executive since January 29 this year. It is suggested that Ark is behind the mining farm in Sichuan referred by Zhao Yiming. Zhao Yiming said that the cost of electricity for Bitmain domestically in China was generally really high. Recently, they finally found a way to get cheap electricity prices in Sichuan. The mine is to be deployed in Sichuan, using hydropower, and it is expected to begin operations in May. May is the peak flood period of Sichuan, the cost of electricity can be less than two cents RMB or $0.07. In recent years, every time after the Spring Festival/Chinese New Year, there are always a large number of mines chasing low electricity prices by moving to Sichuan. Odaily also learned that the mines under the above-mentioned Micree will run the Ant mining machine S11 and the 15 models (S15 and T15), both of which are Bitmain-owned mines. Bitmain’s Joint Mining Model and Its Effort to Become Asset Light In December last year, Odaily reported that the Bitmain is carrying out “joint mining” partnerships, that is, a partnership in which a partner provides electricity and mining farm setup, and Bitmain provides its mining machines. This is the way Bitmain is looking to get rid of its inventory, in order to preserve capital during crypto winter. A person familiar with the matter said: “The companies that cooperate with it also need to advance the electricity bill to reduce the capital investment in Bitmain.” However, for such a model, the mine owner Lu Yuan (pseudonym) has revealed that the progress has not been smooth. “In this model, Bitmain only gives machines and does not pay a deposit, so, so far few mine owners are willing to cooperate.” Lu Yuan said. While the mining pools

19 days ago

Top Trending Cryptocurrency News of the Week: Ethereum’s Constantinople, Elon Musk, Square App and Nasdaq Among Major Newsmakers

Key highlights Crypto Indices on Nasdaq goes live Bitcoin contributes Big to Square’s Revenues Ethereum’s Constantinople and St. Petersburg upgrades go live smoothly Indian Apex Court gives government 4 weeks to bring in policy Musk says Bitcoin not good for Tesla Crypto Indices on Nasdaq goes live Well after a wait of around 2 weeks since the announcement Nasdaq is gone live and is providing real-time BTC and ETH index level information on its Global Index Data Service (GIDS), which already houses more than 4,000 other indexes. BNC Liquid Index or BLX, as it is called, provides the index that takes into account the prices of Bitcoin and trading data from across leading crypto exchanges which include Bitfinex, Bitstamp, Coinbase Pro, Kraken, Gemini and itBit. The Ethereum index ELX is calculated using similar methods. Bitcoin contributes Big to Square’s Revenues Square, the company behind the Cash payment App, recently filed its annual earning report for 2018 and according to the said financial report, the company earned USD 464 million of the total revenues in Q4 which in percentage terms is a 64% hike over last year. While the overall growth has been slow for the company compared to street expectation, the company continued to grow its bitcoin purchases. The company realized $37 million, $43 million, and $52 million in bitcoin sales in Q1, Q2, and Q3, respectively. Square CEO Jack Dorsey has long been a public advocate of Bitcoin and has even hinted to Lightning Network transactions entering Square Cash soon. Ethereum’s Constantinople and St. Petersburg upgrades go live smoothly After so much of delay and struggle Ethereum fork has undergone smoothly this week. As anticipated, Ethereum’s Constantinople and St. Petersburg upgrades went live at Ethereum ETH, block 7,280,000. While the upgrade of Constantinople will implement 4 Ethereum Improvement Proposals (EIPs), but cryptocurrency speculators are probably most interested in EIP 1234, which delays Ethereum’s “difficulty bomb” and cuts the Ethereum block reward from 3 to 2 ETH to compensate for this change. The lesser spoken St. Petersburg upgrade fixes issues that were created on Ethereum testnets such as Ropsten when Constantinople was originally deployed on them. Indian Apex Court gives government 4 weeks to bring in policy India, one of the biggest global markets for payments and cryptocurrencies, is currently fighting out the legal battle for to legalize in its Apex court. After a wait for a few months the, apex court of the country has given a 4-week deadline to the central government of the country to bring a cryptocurrency policy in 4 weeks. The next hearing of this case is 27th March is expected to be a date when the court might announce its judgment. Musk says Bitcoin not good for Tesla Tesla CEO Elon Musk who owns 0.25 Bitcoin has clarified that the US-based electric car making company will not get involved in cryptocurrency. In an ARK Invest’s podcast, Musk told Cathie Wood, “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.” While Musk agreed that crypto is a far better way of money transactions than the usual paper way, “Bitcoin is very energy intensive,” he said. The post Top Trending Cryptocurrency News of the Week: Ethereum’s Constantinople, Elon Musk, Square App and Nasdaq Among Major Newsmakers appeared first on Coingape.

19 days ago

Bitcoin [BTC]: Elon Musk reveals holding only 0.25 BTC; recommends Satoshi Nakamoto for a Nobel Prize

The CEO of Tesla, Elon Musk, has stoked the excitement of the cryptocurrency realm for the second time this week after he informed the world about the number of Bitcoins he held. He also expressed his gratitude to the creator of the digital currency and for early ‘hodlers’ of the same. Musk’s tweet was in response to a report about the praise he heaped on cryptocurrencies, during a podcast released earlier this week. In the tweet, the Tesla CEO revealed the number of Bitcoins he owns, adding that he held no other cryptocurrency in his portfolio. He tweeted: “That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.” Additionally, while replying to the aforementioned tweet, Musk also dismissed the long-standing rumor that he is the real Satoshi Nakamoto. However, he suggested that the person behind the pseudonym deserved a “Nobel Prize.” His tweet read: “Whoever owns the early BTC deserves a Nobel prize in delayed gratification.” Earlier this week, Musk spoke in favor of Bitcoin and Ethereum on ARK Invest’s FYI podcast. He lauded the structure of the top cryptocurrency and acknowledged Ethereum as well. However, he also confirmed that Tesla would not venture into the cryptocurrency industry anytime soon. The Tesla CEO stated: “I think that the Bitcoin structure was quite brilliant, its seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.” Previously, the Tesla CEO was in the headlines after he said that paper money will soon fade away and taken over by cryptocurrencies. In his words: “Paper money is going away and crypto is a far better way to transfer value than pieces of paper.” Despite the early praise for Bitcoin and Ethereum and his bold prediction that fiat will be replaced by virtual currency, Elon Musk does not keep more Bitcoin reserves. Musk’s held Bitcoin reserves remain the same since he first admitted to the amount he owned, back in February. In a 22 February 2018 tweet he said: “Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.” The post Bitcoin [BTC]: Elon Musk reveals holding only 0.25 BTC; recommends Satoshi Nakamoto for a Nobel Prize appeared first on AMBCrypto.

a month ago

Elon Musk Assures He Only Owns 0.25 Bitcoin (BTC) After Lauding Crypto

Tesla CEO Musk Only Owns 0.25 Bitcoin (BTC) Last February, near the peak of the previous crypto bull run, Elon Musk took to Twitter to get his spot on the hype train. But his comment wasn’t what many were expecting. The Tesla chief executive and long-time technology guru noted that he “literally owns zero cryptocurrency,” save for 0.25 Bitcoin (BTC) that an unnamed friend sent him “many years ago.” At the time he issued that tweet, BTC was trading for $2,500, meaning that his crypto holdings were effectively nothing compared to his entire net worth. Just one year later, the South African entrepreneur took to Twitter again to divulge a bit more about his personal finances, well in terms of crypto anyway. He wrote the following in response to a tweet from CoinDesk: That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings. — Elon Musk (@elonmusk) February 21, 2019 While he doubled-down on his comment that he only owns 0.25 BTC, valued at just under $1,000 U.S. at the time of writing, some are convinced he holds a lot more. Twitter users quipped that one of the cardinal rules in the Bitcoin space is to not disclose personal holding, making some conclude that 0.25 is just the tip of Musk’s crypto iceberg. Others argued that the SpaceX chief executive, whose sole raison d’etre is to better humanity, is Satoshi Nakamoto himself, but isn’t willing to release the BTC locked up in the earliest addresses. More rationally though, some claimed that 0.25 Bitcoin is likely all he holds. WhalePanda, an industry personality, noted that $1,000 in the flagship cryptocurrency is “a start.” The commentator added that in an interplanetary society, Bitcoin could be a logical medium of exchange. Binance’s very own Changpeng Zhao joked that he would accept a Tesla car in exchange for some cryptocurrency, asking Musk to trade. Many other industry participants made similar, fun comments. The Tesla heavyweight didn’t respond to any of the sub-tweets except one, in which he stated that those who have “early BTC” deserve Nobel Prizes. Musk hasn’t lost his sense of humor, that’s for sure. He Still Thinks Crypto > Banknotes Though These recent comments come after he took to ARK Invest’s “FYI” podcast to touch on cryptocurrencies and their merits. Per previous reports from Ethereum World News, Musk noted that the “Bitcoin structure was (is) quite brilliant,” adding that Ethereum and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with Bitcoin’s Proof of Work (PoW) consensus mechanism, noting that it is energy intensive. Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that cryptocurrencies are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.” Musk’s pro-Bitcoin comments come after Jack Dorsey of Twitter claimed that he likes the cryptocurrency’s underlying values and improvements like the Lightning Network. Silicon Valley seems to be in love with crypto, but will they act on their enamorment? Photo by André François McKenzie on Unsplash The post Elon Musk Assures He Only Owns 0.25 Bitcoin (BTC) After Lauding Crypto appeared first on Ethereum World News.

a month ago

You May Be Richer Than Elon Musk, at Least in Bitcoin

Many of us regard Elon Musk as one of the most influential innovators of our generation. Musk is the brains behind Paypal, SpaceX, Neuralink, the Boring Company, Tesla and more. In the course of his innovations, he has racked up quite a fortune. According to Forbes, he is the world’s 54th richest person, worth $23 billion. But did you know you might be richer than him? Earlier today, Musk replied to a tweet by CoinDesk about his opinion of cryptos. That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings. — Elon Musk (@elonmusk) February 21, 2019 So, there you have it. If you own more than 0.25 bitcoins, you are richer than the great Elon Musk. He may be $23 billion richer, but who cares? What matters is crypto, right? Musk has been a crypto proponent for a long time, openly expressing his belief that cryptos will overhaul the traditional financial system. He reiterated his belief recently, stating that cryptos offer a better alternative to the conventional fiat currencies. Musk was speaking in a podcast with Tasha Keeney and Cathie Wood, executives at Ark Invest, an investment firm based in New York. Musk was asked if he agreed with Twitter founder Jack Dorsey’s view that there will be one digital currency to rule them all. In his response, he stated that he believes paper money was going away. Cryptos bypass currency controls, giving the users power over the currency they use. “Crypto is a much better way of transferring money than pieces of paper,” he stated. Tesla into Crypto? Not Anytime Soon However, don’t be too quick to think that this means Tesla is considering venturing into crypto. While Musk is pro-crypto, he believes that Tesla and crypto are currently on opposite sides of the energy spectrum. He stated: But I’m not sure it would be a good use of Tesla’s resources to get involved in crypto. We’re really trying to accelerate the advancement of sustainable energy, and I think actually one of the downsides of crypto is that, computationally, it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto, but it’s very energy intensive to create the incremental bitcoin at this point. And indeed, energy requirement has continued to be cryptos’ Achilles heel. The mining process requires intense computing power and consequently, it uses a lot of energy. This has been one of the key reasons some miners have shut down operations in the bear market. In the past, some have suspected that Musk is the pseudonymous Satoshi Nakamoto. In fact, some crooks have used this to defraud people on social media with fake promotions. Of course, Musk has come out to categorically deny this. And while he may not be Satoshi Nakamoto - I say may not be because we still don’t know for sure he isn’t - Musk believes that the Bitcoin creator deserves a Nobel award. He tweeted: https://twitter.com/elonmusk/status/1098535502846648320 Image(s): Shutterstock.com The post You May Be Richer Than Elon Musk, at Least in Bitcoin appeared first on NullTX.

a month ago

Elon Musk: Bitcoin HODLers ‘Deserve A Nobel Prize’

Tesla founder Elon Musk became the center of attention for the Bitcoin community again February 21 after revealing he still only owned 0.25 BTC. Musk: I Still Have 0.25 BTC, No Altcoins Following coverage of his describing Bitcoin as “brilliant” in a podcast by disruptive investment firm ARK Invest earlier this week, Musk tweeted that despite his enthusiasm, he had marginal amounts of the cryptocurrency. Elon Musk “...I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings,” he wrote. The balance remains unchanged despite previous Bitcoin applause from the Tesla mogul, who had already mentioned the gift in previous interviews. His comments nonetheless swiftly attracted major attention, coming in light of an effort to make Musk participate in Bitcoin’s Lightning Network (LN). As Bitcoinist reported, the Lightning Torch transaction relay, underway since January, aims to increase awareness of zero-fee instant Bitcoin payments for consumers. The project has seen high-profile participation and ongoing advocacy from Twitter CEO Jack Dorsey, and community members hope that Musk will follow in his footsteps. Binance CEO: ‘Let’s Trade’ Tesla For Bitcoin At the same time, Changpeng Zhao, CEO of cryptocurrency exchange Binance, followed up on Musk’s latest comments with an offer to purchase a Tesla for Bitcoin. He tweeted: “I still don’t have much of a Tesla, let’s trade some?” On the subject of Bitcoin’s potential, Musk has remained restrained compared to Dorsey, adding only that early buyers “deserve a Nobel prize in delayed gratification.” Whoever owns the early BTC deserves a Nobel prize in delayed gratification — Elon Musk (@elonmusk) February 21, 2019 For the latter, it would appear progress integrating Lightning will be swift. Both Twitter and payment network Square, he hinted last week, could be in line for Bitcoin micropayments. “Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” he stated in further comments. As Bitcoinist mentioned earlier today, micropayments are already available for Twitter users via third-party browser extension for Firefox and Google Chrome. What do you think about Elon Musk’s Bitcoin holdings and comments? Let us know in the comments below! Images courtesy of Shutterstock The post Elon Musk: Bitcoin HODLers ‘Deserve A Nobel Prize’ appeared first on Bitcoinist.com.

a month ago

Elon Musk Jokes about Giving Satoshi a Nobel Prize, Reveals Bitcoin Balance

Wall Street is abuzz with rumors that Apple might dip into its $245 billion war chest to purchase electric vehicle giant Tesla, but all Crypto Twitter wants to talk about is what Elon Musk thinks about bitcoin - and its pseudonymous creator. Tesla CEO Doesn’t Have Much Crypto, But He Owns Bitcoin Just one day after heaping praise on bitcoin during the latest episode of the ARK Invest podcast, Musk revealed that he still owns a relatively small amount of cryptocurrency. All of it, he said, is denominated in bitcoin. Responding to a report that he had called bitcoin “brilliant” The post Elon Musk Jokes about Giving Satoshi a Nobel Prize, Reveals Bitcoin Balance appeared first on CCN

a month ago

Bitcoin Has a Brilliant Structure and Ethereum Has Merit, Says Tesla CEO Elon Musk

Elon Musk, the forward-thinking founder and CEO of the electric and futuristic car maker Tesla gave the thumbs up to Bitcoin and cryptos in general in an episode of ARK Invest podcast. Released on Feb. 19, the main discussion of the podcast was supposed to center around Tesla and the future of autonomous driving but it spilled over to the crypto sector. Bitcoin Is Interesting and Brilliant Musk gave credit to Bitcoin and Ethereum but is not entirely sure about the other altcoins. However, he pointed out that his company would not get into crypto - at least for now. Musk said: “I mean I think the bitcoin structure is quite brilliant. It seems like there’s some merit to Ethereum as well, and maybe some of the others. But, you know, I’m not sure if it would be a good use of Tesla resources to get into crypto.” This is not the first time that Musk has publicly spoken about Bitcoin although it could arguably be the first time he has seriously done so. When the hosts of the show - Ark Invest Tasha Keeney and the founder, CEO, and CIO of Ark Invest Cathie Wood - brought up crypto, he asked if they were serious about it and stated that a crypto tweet previously resulted in his Twitter account being temporarily banned. He said that that there was a time when crypto scammers were rampant on Twitter and he decided to join in making some fun and made a tweet about it. His account was suspended because there was “some automatic” rule against “selling Bitcoin,” but he states he was only joking about it. He added that cryptocurrencies are much better than fiat because they are a better way of transferring value. Musk said: “It bypasses currency controls. And crypto is a far better way to transfer value than pieces of paper. That’s for sure. Without a doubt.” Bitcoin’s Cons Musk, who claims that his company will create technology that enables vehicles to operate without drivers before the end of the year pointed out that Bitcoin’s intensive use of energy is its major downfall. Musk said: “I think actually one of the downsides of crypto is that computationally, is that it’s quite energy intensive. So there have to be some kind of constraints on the creation of crypto. So, but it’s very energy intensive to create an incremental bitcoin at this point.” Musk has had his own fair share of controversy after smoking weed with Joe Regan during a live web show last year. When asked by one of the interviewers if Tesla was going to start selling Bitcoin, he said: “No we are not.” Tesla fell victim to a crypto jacking attack in February last year after a hacker or a group of them broke into the company’s Amazon cloud account, stole computing power, and used it to mine cryptocurrencies. Bitcoin Has a Brilliant Structure and Ethereum Has Merit, Says Tesla CEO Elon Musk was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

a month ago

Musk: “Bitcoin Is Brilliant But Tesla Won’t Be Getting Involved”

There are a lot of faces out there who are getting ready to adopt cryptocurrency. Most recently the CEO of JP Morgan Jamie Dimon has announced that the banking institution is currently designing their own cryptocurrency. Unlike Dimon and JP Morgan, the CEO of Tesla, Elon Musk, isn’t ready to adopt Bitcoin just yet. Even though Musk has previously tweeted about crypto on his Twitter page it seems that the CEO isn’t getting involved in the space. Musk said that he isn’t going to push his company in the direction of an emerging technology but despite this, he did say that cryptocurrency is the future of finance. Musk sat down with Cathie Wood and Tasha Keeney of Ark Invest earlier this week and he described Bitcoin as an interesting proposition saying, “Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons. It’s very energy intensive to create bitcoin at this point.” The Tesla Chief’s comments are similar to that espoused by the Twitter CEO Jack Dorsey who went on the Joe Rogan podcast earlier this month and described Bitcoin as the best candidate for a universal native internet currency. For Musk though, being borderless and extremely hard to censor is what makes Bitcoin so unique and gives it an advantage. With this, it is possible for the leading cryptocurrency to operate outside the ambit of mainstream currency controls. Musk acknowledges that Bitcoin and cryptocurrencies have a lot of potentials but despite this, he says that Tesla won’t be involved just yet. He said, “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.” A lot of the conversation with Musk primarily focused on the activities of Tesla as a business. Apparently turning the topic to Bitcoin was a ‘curvball question’ for Musk. Even though Musk’s comments will most likely be a bit of a downer on many enthusiasts, not all hope is lost. In the future, Tesla may very well adopt the leading cryptocurrency which would be a great thing for the firm and an even greater thing for the crypto space.

a month ago

Prediction: Tesla Will Eventually Dive Head-First into Bitcoin

In a rare comment from Elon Musk on cryptocurrency, the Tesla and SpaceX founder said that Bitcoin “is quite brilliant.” He continued: “Paper money is going away and crypto is a far better way to transfer value than pieces of paper, that’s for sure, but it has its pros and cons.” Musk also gave Ethereum props on the ARK Investment podcast Tuesday (listen here): “There seems like there is some merit to Ethereum as well.” Elon Musk: Bitcoin Is Brilliant, But Tesla’s Not Going Full-Crypto It’s a strong endorsement of cryptocurrency and Bitcoin coming from Silicon Valley wunderkind Elon Musk, The post Prediction: Tesla Will Eventually Dive Head-First into Bitcoin appeared first on CCN

a month ago

Startups Will Choose to Build Their Blockchains Using Customizable DPoS Interoperable Solutions

Startups, small business owners and even large corporations are looking into Bitcoin and blockchain alternative projects. The technological advantages of integrating cryptocurrency payment systems or using blockchain technology for their specific industry purpose are proving to be world changing. Existing Blockchain Solutions These solutions currently include accepting traditional Bitcoin payments and the ever-improving Bitcoin lightning network payments system, which solves the Bitcoin scaling issue with a layer two solution. Other current solutions include building on top of an existing chain such as Ethereum. It is becoming more obvious that accepting Bitcoin via the lightning network payments system will solve many payment solutions. But many companies are also looking to utilize the blockchain technology that Bitcoin originally provided to create their own unique solutions. There are already some blockchain development platforms that offer payment solutions, such as Ethereum where you can create your own payment token on top of the Ethereum blockchain. This works to a point, but many are seeing that this method only creates a bottleneck with limited options. This leaves many startups and businesses still looking for a solution beyond simple payments or being tied down to another chains rules or limitations. Having your own blockchain and easily customizable plugin system is what most projects and businesses want. Let’s face it, building your own blockchain that can provide everything you need including payments is what you want, and if it can be adaptable with plugins and more in the future, it is precisely what everyone wants. Similar to what WordPress did for website creation, you will see this blockchain creation ability become a standard in the blockchain world. Some larger entities such as Facebook, IBM, and Wells Fargo even have extensive research and development budgets for blockchain creation and research. Some are even going as far as buying entire blockchain projects and teams to try and gain the upper hand. Benefits of Blockchain This large push into the blockchain world is not due to speculation or trading profits; it is based on fundamentals. Distributed ledgers have proved extremely useful and offer impressive benefits over simple databases. An example of the benefits could be in logistics or more specifically inventory control. Imagine a large retail business and its inventory tracking systems. This system is extremely costly and prone to human error, theft or even database corruption. Switching to a blockchain-based distributed ledger system would provide immutable records and no database corruption while allowing access worldwide at any time, regardless of computer failures or internet downtime. The records are always there and cannot be faked. This example of inventory control can also tie into an in-store payment token. The retailer could issue its own coin on a separate blockchain. Each purchase either using their own token and chain, other cryptocurrency, credit cards or even fiat could trigger an inventory adjustment on the inventory chain, automating their entire system. They could make the inventory chain private and the payment chain public, allowing their customers to interact and see their purchases while eliminating the need for physical receipts in some cases. This is just a quick example, and it could be much more complicated or much less complex. There are many advantages and many other examples. This all ties into easy blockchain creation. Many recent startups have chosen to build on top of an existing chain to get a payment token. This causes a bloating effect on proof-of-work (PoW) chains such as Ethereum. Building on someone else’s chain only allows you to utilize that chain’s specific parameters. If that chain gets too full, too slow, or goes down for any reason, you are stuck with that, and you go down with it. Creating Your Own Blockchain Creating your own blockchain is what many startups aspire to, but there is a scarcity of competent developers in our space which can make that goal extraordinarily costly and time-consuming. There needs to be an easier entry into blockchain creation and management. This is where projects like ARK come into play. ARK allows you to create your own blockchain, public or private, and allows you to completely customize it for your specific needs. You can set your own block times or your own fees. You can even add your very own plugins and transaction types, which would be great for the example above as it would allow the creation of a specific transaction which could be the trigger for the inventory adjustment. Think of it much like a product code. With this blockchain creation system, anyone can create as many blockchains as they want, allowing all of them to run in parallel and easily communicate with each other and even other large chains like Bitcoin and Litecoin. This is what startups need and what many current projects will be i

a month ago

Tesla Will Be the Next Amazon - Unless it Gets Acquired by Apple First

Tesla will be the next Amazon. Moreover, its stock price will rocket 1,200% over the next five years to top $4,000 a share. That’s the exuberant prediction of TSLA shareholder Cathie Wood, the CEO of ARK Invest. Wood says the business community is often puzzled by the mercurial personality of Tesla CEO Elon Musk, but she says that should not be an issue. Wood says it’s just a matter of getting used to Musk’s sometimes flighty demeanor, which she does not find problematic. “Everybody is beginning to adjust for Musk,” Wood told CNBC. “Having been a portfolio manager for many years, I The post Tesla Will Be the Next Amazon - Unless it Gets Acquired by Apple First appeared first on CCN

a month ago

Elon Musk Praises Bitcoin, Says Paper Money Will Fall Apart

Elon Musk has maintained that cryptocurrencies provide a far better method to transfer value than “pieces of paper”. He expressed his views in an interview on advisory services firm ARK Invest’s podcast. When he was asked whether Bitcoin could be regarded as the only native digital asset of the internet, he replied that indeed its structure was brilliant. However, he pointed out its downside, being that computationally it is incrementally energy intensive. He added that there must be some constraints on the creation of digital assets. It was this consideration that meant that his company, Tesla, would probably not get involved in crypto-related businesses, focusing instead on its main aim to “accelerate the advancement of sustainable energy”. Musk did reiterate the importance of digital assets by saying that crypto offers a far better method to transfer value than paper currency, believing the future of the latter to be in danger. Although Musk is a fan of the efficiency of cryptocurrency, he claims to own none of it, save BTC 0.25 he says was given to him by a friend. Apart from Musk, leading industrialists and entrepreneurs have predicted that Bitcoin will act as a digital gold. Mike Novogratz, founder of crypto merchant bank Galaxy Digital maintained that it is neither US nor Chinese money. it is sovereign money. On the other hand, Twitter co-founder, Jack Dorsey, stated that BTC is the only digital asset which has kept its focus on being a currency. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: pixabay.com The post Elon Musk Praises Bitcoin, Says Paper Money Will Fall Apart appeared first on BitcoinNews.com.

a month ago

Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away”

Notorious billionaire and entrepreneur Elon Musk once again expressed his enthusiasm for cryptocurrency and blockchain technologies in the latest episode of ARK Invest’s FYI podcast: “On the Road to Full Autonomy With Elon Musk,” courtesy: bitcoin.com In an interview for Tasha Keeney, Musk pointed out several advantages that cryptocurrencies have over traditional fiat money. For Musk, the future of finance goes hand by hand with a global adoption of cryptocurrencies as a means of payment. Musk supported Jack Dorsey’s idea that Bitcoin could become the native currency of the internet. This notion, which he described as “interesting” has been shared by several influencers such as Tone Vays, Jimmy Song and Max Keiser, who consider that although altcoins have important uses, Bitcoin is the best candidate to become the equivalent of money 2.0. Elon Musk: Bitcoin is The Future... But We’re Not There Yet However, aware that there is still a long way to go for cryptocurrencies to replace fiat money, Musk commented that at the moment he does not plan to invest in developments related to this technology, or even experiment with its use in Tesla: “I think that the Bitcoin structure was quite brilliant, it seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.” Musk pointed out that one of the advantages of using crypto is precisely that it gives users the freedom to carry out financial transactions without the restrictions imposed by banks or government agencies. When Keeney commented that certain governments impose restrictions on some inhabitants, Musk pointed out precisely that the cryptos were born to combat this excessive control and that in the future, fiat money as we know it “is going away.” “It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper.” Musk has had a presence in the community for his optimistic statements and vision of the role blockchain technologies will play in the society of the future. Previously during the scams boom on Twitter, Musk jokingly commented At this point, I want ETH even if it is a scam — Elon Musk (@elonmusk) August 28, 2018 The post Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away” appeared first on Ethereum World News.

a month ago

Tesla CEO Elon Musk says Bitcoin is 'Quite Brilliant'

Tesla CEO Elon Musk recently had a chat with the host of ARK Invest’s ‘FYI’ podcast in the interview he said, “Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper.” Musk also agreed with Jack Dorsey’s recent comments about Bitcoin and he said, “Bitcoin structure is quite brilliant’ and he added that Ethereum and “maybe some of the others” are great also. Musk said he was not a fan of Bitcoin’s energy consumptive Proof of Work (PoW) consensus mechanism but he acknowledged that digital assets are a fantastic way to get around currency controls and they make it easy to move money without a doubt. In spite of his amazement with Bitcoin, Musk said Tesla has no plans to dabble with cryptocurrency. (RS)

a month ago

Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto?

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community. Since finding his way to the headlines of the world’s media, the Tesla chief executive’s pro-innovation mindset has struck a chord with many enamored with cryptocurrencies. In fact, some say that Musk’s unsaid raison d’etre of bettering society at large, especially by amending the world’s most harrowing issues (climate change, confinement on Earth, financial inequality), lines up with the goals held by many cryptocurrency insiders. Thus, some have even argued that Musk could be Satoshi Nakamoto. Sahil Gupta, a former intern at Musk’s second multi-billion dollar enterprise SpaceX, once infamously claimed that Musk’s brief mentionings of cryptography, economics, the C++ computing language, along with the entrepreneur overarching vision scream Satoshi. The South African-Canadian entrepreneur has done his best to keep his mouth zipped regarding his candidacy for the Satoshi title, but that hasn’t stopped him from talking about cryptocurrencies. We had @elonmusk on the latest episode of @ARKInvest's podcast! He had a few things to say about Bitcoin. "Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper." - Elon Muskhttps://t.co/U5qOnM7nBo — Yassine Elmandjra (@yassineARK) February 19, 2019 Bitcoin Is “Quite Brilliant” While the crypto market has remained in a depressed state, save for Monday’s jaw-dropping rally, stars have begun to descend on this industry. Weeks ago, NewsBTC reported that a mass of celebrities, including the Spice Girl’s Mel B, Johnny Depp, Madonna, and Lionel Messi, had some involvement in cryptocurrency. More recently, Jack Dorsey of both Twitter and Square took to Joe Rogan to claim that the native currency of the Internet is likely to be Bitcoin. Related Reading: Twitter CEO Loves Lightning on Bitcoin: is it the Future of Fast, Instant Payments? And just on Tuesday, Elon Musk, the most well-known Silicon Valley guru, took to the New York-based ARK Invest’s “FYI” Podcast to touch on Tesla’s plans, autonomy, other innovations, such as crypto. Per The Block, who compiled his comments regarding cryptocurrencies, Musk made his comments with explicitly bullish tones. After discussing Tesla’s most recent advancements, the hosts of the podcast, the CEO and an analyst at ARK, a disruptive innovation-centric investment group, took a brief aside. They asked Musk if he agrees with Dorsey’s recent comments on Bitcoin and cryptocurrencies at large. Interestingly, Musk responded with an answer, albeit somewhat cursory. He tacitly agreed, noting that the “Bitcoin structure was (is) quite brilliant,” adding that Ethereum and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with Bitcoin’s Proof of Work (PoW) consensus mechanism, noting Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that cryptocurrencies are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.” In spite of all this, he made it clear that Tesla isn’t going to foray into the crypto space in any capacity, noting that it would be a good use of his firm’s resources to prop up an offering. Musk’s abrash comments quickly elicited responses from each and every corner of the crypto space. Matt Odell, a long-time pro-Bitcoin coder and industry personality, joked that the comments “confirmed” his bias that cryptocurrencies could oust banknotes. Changpeng “CZ” Zhao of Binance noted that eventually, “[Musk] will join the brotherhood,” adding that he is unequivocally sure that the businessman will take up a crypto mantle. CZ notably called on the Tesla founder to take up the Lightning Network Trust Chain torch last week, just days after Twitter’s Dorsey openly lauded Bitcoin in dozens of tweets. Crypto Is Better Than Banknotes? While Musk made notable acknowledgments in his brief appearance on ARK’s “FYI,” what stood out to many crypto investors was his thoughts on the dichotomy between banknotes & physical cash, and crypto assets, not centralized e-money. For a brief recap, Musk simply stated that he is unequivocally sure that crypto, whether it be Bitcoin, Ethereum, or otherwise, is a “far better” medium of exchange than pieces of paper. Shocking, right? This may be deemed hearsay by pundits of the legacy world, but the world is already adopting digital mediums of exchange. Per previous reports from this outlet, Arthur Hayes of BitMEX took to his company blog to claim that platforms like WeChat Pay and AliPay have already begun to take over China’s financial system. Who’s to say that cryptocurrencies, a decentralized counterpart to these systems that tout their own currencies, cannot have a similar impact on society at large. T

a month ago

In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of cryptocurrency eventually popped up in the last four minutes. Musk commented: “I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos ... We’re really just trying to accelerate the advances of sustainable energy. One downside of Bitcoin is ... computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental bitcoin at this point ... It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.” Shanghai’s Fudan University Launches Research Center Shanghai’s Fudan University has become the latest academic institution to launch a blockchain R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in China. The Shanghai Blockchain Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and training talent to serve Shanghai’s economic development. Last month the University of California, Berkeley announced the formation of its own blockchain-focused startup accelerator program, the Berkeley Blockchain Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the blockchain space with industry guidance from Silicon Valley. Xdat Exchange Lists 18 Trading Pairs Xdat, a new Malta-based cryptocurrency trading exchange, has announced the listing of 18 trading pairs. These comprise ETH/BTC, BCH/BTC, EOS/BTC, ETC/BTC, XRP/BTC, DASH/BTC, LTC/BTC, BTC/ETH, BCH/ETH, EOS/ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, BTC/TUSD, ETH/TUSD, BTC/EURO, and ETH/EURO. The company has further plans to add other pairs over time. The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank. “Xdat is on a mission to address the key problems of existing exchanges ... including lack of flow of new capital, lack of trust, no approach for mass adoption, and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and trading as streamlined as possible.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange appeared first on Bitcoin News.

a month ago

‘O papel-moeda está com os dias contados’, Bitcoin é ‘brilhante’, mas não para a Tesla, diz Elon Musk

Por: Livecoins Em um novo podcast chamado de “No caminho para a plena autonomia de Elon Musk”, o fundador da Tesla concorda que o atual sistema financeiro está à beira de uma revolução. De acordo com Musk: “O papel-moeda está indo embora. As criptomoedas são uma maneira muito melhor de transferir valor do que pedaços de papel, com certeza.” Apesar da previsão de Musk, no entanto, não há planos de criptomoedas para a Tesla. Musk incentivou a comunidade de criptomoedas no ano passado quando twittou sobre Bitcoin, provocando especulações de que a empresa de carros elétricos mudaria de marcha e entraria em moedas digitais. Mas o empresário de tecnologia esclareceu na entrevista que a empresa não tem planos para se envolver com atividades relacionadas a Bitcoin ou qualquer criptomoeda. Falando com a CEO da ARK Invest, Cathie Wood e a analista Tasha Keeney, Musk, que tem uma história na indústria de pagamentos como co-fundador do PayPal, disse o que pensa sobre Bitcoin como uma tecnologia emergente. “Eu acho que a estrutura do Bitcoin é brilhante, e parece que há algum mérito para o Ethereum também. Mas não tenho certeza se seria um bom uso dos recursos da Tesla se envolver em criptomoedas.” Como engenheiro que passou anos com a equipe da Tesla para otimizar velocidade, segurança e consumo de energia, o empresário diz que o Bitcoin tem prós e contras e que está preocupado com a mineração, que é um processo intensivo em energia que confirma transações de rede. “Eu acho que uma das desvantagens das criptomoedas é que, computacionalmente, é bastante intensiva em energia. Portanto, tem que haver algum tipo de restrição na criação delas.” Musk disse que gosta de criptomoedas por sua capacidade de contornar problemas. “As criptomoedas são uma maneira muito melhor de transferir valor do que pedaços de papel. Isso é certo. Sem dúvida.” Você pode ouvir o podcast completo aqui . O artigo ‘O papel-moeda está com os dias contados’, Bitcoin é ‘brilhante’, mas não para a Tesla, diz Elon Musk foi publicado originalmente em Livecoins.

a month ago

Elon Musk ‘Certain’ Tesla Cars Will Feature ‘Full Self-Driving This Year’. No Power Naps Until 2020 Though

Tesla expects its driverless car technology to be fully ready before the end of 2019. This was revealed by the electric carmaker’s co-founder and CEO, Elon Musk, in a podcast with ARK Invest. Musk said: I think we will be feature complete — full self-driving — this year. Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark. Want to Snooze as Your Car Drives The post Elon Musk ‘Certain’ Tesla Cars Will Feature ‘Full Self-Driving This Year’. No Power Naps Until 2020 Though appeared first on CCN

a month ago

Elon Musk: ‘Bitcoin’s Structure is Brilliant’ But Not For Tesla

Sorry — Elon Musk may like Bitcoin, but Tesla isn’t getting involved with cryptocurrencies anytime soon. Nevertheless, the CEO of SpaceX believes BTC has its pros (and cons). On a podcast with ARK Invest, Musk explained that Bitcoin and Tesla simply don’t mix. “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto,” he said. As noted by CNBC, Musk made note of Bitcoin’s fundamental value propositions as a decentralized currency capable of undermining traditional financial institutions and fiat currencies. However, he also participated in the common rhetoric that the market-leading cryptocurrency is, perhaps, too energy intensive. He stated: Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons. It’s very energy intensive to create bitcoin at this point. Just Kidding Musk famously tweeted about Bitcoin on Oct 23, 2018, when he asked if anyone wants to purchase the first and foremost cryptocurrency with an anime illustration. As noted by CNBC, the tweet got Musk’s account temporarily suspended for violating rules about selling Bitcoin on the social media platform. Wanna buy some Bitcoin? pic.twitter.com/9ZbBJ5fuVq — Elon Musk (@elonmusk) October 22, 2018 When asked about the incident, he stated: “I was just joking.” When Torch? Meanwhile, Binance CEO Changpeng Zhao (CZ) recently called upon Musk to take the now-famous Lightning Torch — a relay transaction circulating through the Lightning Network since January. However, the enigmatic CEO of SpaceX did not answer the call, much to the dismay of Bitcoin proponents and Lightning Network early adopters everywhere. What do you think of Elon Musk’s claim that Tesla won’t be getting involved with Bitcoin anytime soon? Do you think the day will come when the company will get involved with the first and foremost cryptocurrency? Let us know your thoughts in the comments below! Images courtesy of Twitter, Shutterstock, Flickr. The post Elon Musk: ‘Bitcoin’s Structure is Brilliant’ But Not For Tesla appeared first on Bitcoinist.com.

a month ago

Elon Musk Calls Bitcoin ‘Quite Brilliant’, ‘Some Merit to Ethereum As Well’

In the most recent episode of ARK Investment Management's For Your Innovation (FYI) podcast, technology entrepreneur Elon Musk, a co-founder of PayPal and the CEO of Tesla and SpaceX, gave his thoughts on cryptocurrencies in general and Bitcoin in particular.

a month ago

Elon Musk: Cryptocurrency is the future; paper money will soon fade away

The CEO of Tesla and cryptocurrency enthusiast, Elon Musk, has once again spoken in favor of decentralized currency, stating that a day could come when it will eventually replace paper money. In a recent episode of ARK Invest’s FYI podcast hosted by Tasha Keeney, “On the Road to Full Autonomy With Elon Musk,” the Tesla CEO spoke about the developments underway at Tesla and about cryptocurrencies, with reference to the future of finance and technology. When asked about the topic of cryptocurrencies, Musk was taken aback, stating, “Crypto, seriously?” with the interviewer referencing Musk and Twitter’s Jack Dorsey’s recent chatter about the decentralized currency realm. Musk stated, “Bitcoin and Ethereum scammers were so rampant on Twitter I decided to join in and I said at one point I want to buy some Bitcoin. Then my account got suspended cause obviously there was obviously like some automatic rule that if you try to sell bitcoin or something and I was just joking.” In late October, Musk tweeted out, “Wanna buy some Bitcoin?” which sent the cryptocurrency community into a tizzy, many users excited at the prospect of a fruitful collaboration between the Tesla CEO and others such as Binance’s Changpeng Zhao. Following a campaign by Twitter that deleted several bogus accounts for “coordinated manipulation,” and promotion of cryptocurrency scams, Musk lauded the website’s efforts and went on to state, “At this point, I want ETH even if it is a scam” When asked about Jack Dorsey’s prediction that the internet will soon see a native currency in Bitcoin, Musk replied stating, “That’s interesting.” He added, “ I think that the Bitcoin structure was quite brilliant, its seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.” Musk added that one of the main downsides of cryptocurrency is the “energy-intensive” nature of production, referring to the mining process. With reference to the same he said, “There has to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create an incremental Bitcoin at this point.” When the topic switched to the nature of Bitcoin transactions, the interviewer stated that cryptocurrencies are not widely used for retail-goods like pizza and coke. To this, Musk replied, “maybe for Coke,” referring to the recreational drug that was sold for Bitcoin on marketplaces like the Silk Road, a smudge that the cryptocurrency world is still reeling from. Towards the end of the podcast, Keeney referenced the dire financial situation in Africa, where currency restrictions prohibit citizens from converting their currency and forcing them to, at times, go through the US dollar. In light of the same Musk replied, “It bypasses currency controls. Paper money is going away and crypto is a far better way to transfer value than pieces of paper.” Despite Musk’s positive stance on cryptocurrencies, his appreciation for the structure of top coins like Bitcoin and Ethereum and his affirmation that eventually decentralized currency will takeover paper money, the Tesla CEO clarified that his company will not start selling Bitcoins anytime soon. The post Elon Musk: Cryptocurrency is the future; paper money will soon fade away appeared first on AMBCrypto.

a month ago

Elon Musk Believe Bitcoin is Better Than a Paper Money, Calls it ‘Quite Brilliant Structure’

Tesla CEO, Elon Musk is the latest high profile to get bullish on Bitcoin - During an ARK Invest’s podcast on Feb 19, 2019, Musk called ‘Bitcoin’s structure is quite brilliant’. Founder of Tesla and SpaceX discussed his interesting views on Bitcoin and cryptocurrency. His belief on bitcoin and cryptocurrency at large is that ‘crypto in terms of value transfer is far better than a piece of paper’. He says; “It [cryptocurrency] bypasses currency controls. ... Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.” With a strong belief on bitcoin, Musk also discussed the downside of cryptocurrencies - in a similar context, he says ‘Bitcoin is computationally energy intensive’. Addressing the ‘energy’ as pitfalls of digital currency, he doesn’t think the adoption of crypto for his own company would be a clever choice. While Musk is sure on Bitcoin due to its fluid ability to route around trouble’, he has also confirmed that his company is not; While asked, “Just to clarify, Tesla’s not going to start selling bitcoin? Elon Musk Confirmed “No we are not, Adding that, Musk told ARK Invest’s Cathie Wood “It’s very energy intensive to create bitcoin at this point,” During a podcast, Elon Musk has also recalled how scammers mistreated his profile on Cryptocurrency scams. Earlier his twitter account was used to circulate the promotion of crypto giveaway scams which he recalled and stated that “Bitcoin and ethereum scammers were so rampant on Twitter I decided to join in and I said at one point wanna buy some bitcoin?” Musk said. “Then I got my account got suspended cause obviously there was like some automatic rule that if you try to sell bitcoin or something and I was just joking.” Who is at @TylerFlorence and why is he pretending to be Elon Musk giving away bit coin. But needing one first to confirm the account? pic.twitter.com/eUoSg0VwEn — Stuart🍸JSA⚠️ (@Stuart63JSA) October 11, 2018 What’s your stake on Musk’s view? Let us know in a comment below. The post Elon Musk Believe Bitcoin is Better Than a Paper Money, Calls it ‘Quite Brilliant Structure’ appeared first on Coingape.

a month ago

‘O papel-moeda está indo embora’, Bitcoin é ‘brilhante’, mas não para a Tesla, diz Elon Musk

Por: Livecoins Em um novo podcast chamado de “No caminho para a plena autonomia de Elon Musk”, o fundador da Tesla concorda que o atual sistema financeiro está à beira de uma revolução. De acordo com Musk: “O papel-moeda está indo embora. As criptomoedas são uma maneira muito melhor de transferir valor do que pedaços de papel, com certeza.” Apesar da previsão de Musk, no entanto, não há planos de criptomoedas para a Tesla. Musk incentivou a comunidade de criptomoedas no ano passado quando twittou sobre Bitcoin, provocando especulações de que a empresa de carros elétricos mudaria de marcha e entraria em moedas digitais. Mas o empresário de tecnologia esclareceu na entrevista que a empresa não tem planos para se envolver com atividades relacionadas a Bitcoin ou qualquer criptomoeda. Falando com a CEO da ARK Invest, Cathie Wood e a analista Tasha Keeney, Musk, que tem uma história na indústria de pagamentos como co-fundador do PayPal, disse o que pensa sobre Bitcoin como uma tecnologia emergente. “Eu acho que a estrutura do Bitcoin é brilhante, e parece que há algum mérito para o Ethereum também. Mas não tenho certeza se seria um bom uso dos recursos da Tesla se envolver em criptomoedas.” Como engenheiro que passou anos com a equipe da Tesla para otimizar velocidade, segurança e consumo de energia, o empresário diz que o Bitcoin tem prós e contras e que está preocupado com a mineração, que é um processo intensivo em energia que confirma transações de rede. “Eu acho que uma das desvantagens das criptomoedas é que, computacionalmente, é bastante intensiva em energia. Portanto, tem que haver algum tipo de restrição na criação delas.” Musk disse que gosta de criptomoedas por sua capacidade de contornar problemas. “As criptomoedas são uma maneira muito melhor de transferir valor do que pedaços de papel. Isso é certo. Sem dúvida.” Você pode ouvir o podcast completo aqui . O artigo ‘O papel-moeda está indo embora’, Bitcoin é ‘brilhante’, mas não para a Tesla, diz Elon Musk foi publicado originalmente em Livecoins.

a month ago

Tesla Founder Elon Musk Believes that Bitcoin is Better than Paper Money, and Here’s Why

CoinSpeaker Tesla Founder Elon Musk Believes that Bitcoin is Better than Paper Money, and Here’s Why The community of those predicting great future of cryptos has welcomed a new member. Elon Musk, founder and CEO of Tesla and SpaceX, has officially confirmed his belief in digital currencies and said that cryptos provide a better alternative to conventional money. On February 19, Musk had a podcast interview with investment firm ARK Invest. He spoke about future plans and strategies of his companies, discussed the development of virtual coins and shared his own view on cryptos, Bitcoin in particular. According to Musk, Bitcoin has “quite brilliant structure”. He said: “It [crypto] bypasses currency controls. ... Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.” However, his companies are not yet involved in using and applying this technology. Musk explained that by high energy intensity of cryptos. “One of the downsides of crypto is that computationally it is quite energy intensive. So there have to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create the incremental Bitcoin at this point.” Further, Elon Musk said: “It would not be a good use of Tesla resources to get involved in crypto. We’re just really trying to accelerate the advance of sustainable energy.” Musk’s Twitter profile was used several times by scammers who tried to create crypto give-away schemes. Musk noted such development and made the following remark: “Bitcoin and ethereum scammers were so rampant on Twitter I decided to join in and I said at one point wanna buy some bitcoin?” Anyway, Musk supports cryptos’ development and believes that they can change the financial world. Cryptos To Get A Strong Army Of Admirers The world can be divided into two parts: those who show skepticism about blockchain and cryptos and that’s why take the crypto winter for granted, and those who are sure that cryptos own great potential and are worth to bet on. Among the latter are many eminent investors and public figures. For example, a billionaire Tim Draper is very brave in his judgments. He said that fiat will lose its dominant status, as cryptos are safer and more trustworthy. Draper shared his opinion: “The criminals will still want to operate with cash, because they catch everybody who is trying to use Bitcoin.” Institutional investors are also starting to explore the crypto industry. Recently, Grayscale Investments published the 2018 annual report that demonstrates an increase in Bitcoin investment despite the long-lasting bear market. The report shows that investments in Bitcoin products have increased, and it is notable that the number of institutions interested in such investments has also increased. Moreover, there is an opinion that cryptos can be a long-term and profitable investment for institutions, that’s why they should explore this industry. Another good news for crypto enthusiasts is the recent market recovery. As we have recently reported, the crypto market is showing good signs of revival, with the overall cryptocurrency market cap surging by over $15 billion. On February 19, Bitcoin surged by 5.09%, approaching $4,000 per coin. Other currencies have also shown a good result, with Ethereum increasing by over 10%, XRP gaining 8%, and EOS surging by 20%, which made its spot in the top five cryptocurrencies beating the likes of Bitcoin Cash and Litecoin. Tesla Founder Elon Musk Believes that Bitcoin is Better than Paper Money, and Here’s Why

a month ago

Elon Musk reveals Cryptocurrency is far better, believes paper money is going out of trend

Cryptocurrency users have been having a rather promising week, perhaps a consolation for their perseverance through the bearish tides. The week began with a bullish outpour, one that is still largely taking over the cryptocurrency market. Following that, cryptocurrency users have now been left with yet another reason to remain optimistic after one of the world’s richest and highly influential tech enthusiast shared his views on Bitcoin, Ethereum and cryptocurrency in general. In a podcast dubbed “On the Road to Full Autonomy With Elon Musk”, the CEO of Tesla noted the swiftness at which cryptocurrency is overtaking the financial sector. Despite the friction that Bitcoin and every other cryptocurrency has been facing due to the noncompliant state of the government and traditional banks, this didn’t deter Musk from pointing out that fiat currencies have a limited time to stay and that cryptocurrency is a more reliable way to transact money and maintain its value. In his words ; “Paper money is going away. Crypto is a far better way to transfer value than pieces of paper, that’s for sure”. Musk further went on to point out the significance of the Bitcoin and Ethereum network, labeling both networks in words that conveyed reliability. Speaking to the CEO of ARK investment Cathie Wood and cryptoanalyst Tasha Keeney, Musk can be quoted saying ; “I think the Bitcoin structure is quite brilliant, and it seems like there’s some merit to Ethereum as well.” Musk’s influence in the cryptocurrency world has been long pronounced from years back. On the 22nd of October 2018, Musk had set the crypto-Twittersphere on fire with an anime pic that held a caption asking “Wanna buy some Bitcoin?”. Up until recently, cryptocurrency users had deduced that the billionaire engineer might be planning to incorporate Bitcoin in his car company, Tesla. To clarify, Musk States that Tesla’s involvement in cryptocurrency may not be the best move yet. The CEO said ; “But I’m not sure it would be a good use of Tesla resources to get involved in crypto.” To listen to full podcast, click here. The post Elon Musk reveals Cryptocurrency is far better, believes paper money is going out of trend appeared first on ZyCrypto.

a month ago

Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet

Nearly everywhere Elon Musk goes, people want to talk about Tesla. On Tuesday, however, the media magnet went along with a change in focus by discussing his views about cryptocurrencies. His opinions come within months of a Bitcoin-related tweet that landed him in hot water with the social media platform. He ended up getting his account suspended by Twitter. Musk discussed this and more in a very lighthearted interview with Ark Invest. We had @elonmusk on the latest episode of @ARKInvest's podcast! He had a few things to say about Bitcoin. "Paper money is going away and cryptocurrency is a The post Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet appeared first on CCN

a month ago

Exchange Wash Trading Continues To Stain The Crypto Industry

One cryptocurrency brought more love to its token holders than most, last week. At just before midnight (GMT) on Thursday 14th February 2019, Crypto.com (MCO) tokens were trading at approximately $2.10. After a sudden massive increase in trading volume, they reached a high of $2.97 by the next day. But there’s no clear reason why MCO should have had such an abrupt price movement. Its most significant shift upwards took place three days before the overall market moved the same way. There hadn’t been any particularly bullish news from Crypto.com, a mobile wallet app and prepaid card solution, which would obviously account for the increase demand and move the price. An announcement about some new features didn’t arrive until today, February 19th. It was a bolt out of the blue, a Christmas Valentine’s Day miracle. MCO price movements over the past seven days. Credit: CryptoCompare But MCO’s trading activity could point to something more suspicious. Volumes rocketed up, from $3M on Thursday midnight to a peak of $174M by Saturday afternoon. Most of the trading stems from one very specific place. Data collected by CoinMarketCap indicates that more than 65% of MCO market activity comes from Bit-Z: of that, 53.7% - approximately $7.8M - was with a Bitcoin (BTC) trading pair and 12.8% with Ether (ETH). When Crypto Briefing first started looking at MCO trading activity, on Friday, we noticed that a staggering 80% of all MCO volume - valued at $83M at current prices - came solely from Bit-Z’s MCO/BTC trading pair. MCO isn’t alone in having an abrupt change in value; similar trends are all over the market. The gaming coin, WAX, as well as ARK, the native token for a shared blockchain ecosystem, both saw very positive price action. Even with the strong gains across the market, these were far above the average trends. By midday on Monday, WAX was up by 48%, ARK by 41%. With both, the most active markets were the Korean Won (KRW) pairs on the South Korean exchange, UPbit: 65.5% and 61.9%, respectively. It’s a different picture today. WAX is down by nearly 20% and ARK by 8%; most of yesterday’s gains have now been erased. As with MCO, there’s no apparent reason for this activity. It just happened. What’s behind these price spikes? These movements could point to wash trading, in which an exchange creates multiple accounts on its own platform and uses trading algorithms to buy and sell with its own accounts. This helps to drive the price up and attracts retail investors, who buy believing they too will profit from the upwards trend but who are, in actual fact, buying at an inflated price. After a time - sometimes days, sometimes weeks - the algorithm stops trading and the price and volume collapse. Although not illegal in all jurisdictions, wash traders essentially profit from the illusions they create. One trader, who asked that they and their firm remain anonymous, explained to Crypto Briefing the practice was “very familiar,” especially on some Asian exchanges which sign deals with ICO projects in exchange for a share of coins from the token sale. “They [exchanges] have deals with ICO’s,” the trader said. “They pump news out on WeChat and other social media outlets and sell the coin to the retail investors. They then pull the plug on their algo [algorithm] and the price collapses and there’s no volume.” There’s no definitive evidence that either Crypto.com or Bit-Z are complicit in any manipulation; nor is it clear that wash trading is responsible for the irregular price movements. Many crowd-sized price manipulation conspiracies, or “Pump and dump” schemes exist openly, bidding prices upwards in order to entrap unwary buyers. Crypto Briefing approached both Crypto.com and Bit-Z for comment but hadn’t received any reply from either team by the time we went to press. Wash traders rinse and repeat Wash trading has a few tell-tale signs. The biggest tell is a sudden, unaccountable spike in the prices, which soon return to normal levels. That’s what happened with both WAX and Ark. Our source also suggested another example was the Metaverse ETP (ETP) surge, where prices pumped from approximately $0.55 to a high of $4 between June and October of last year. Primarily found trading on the TopBTC exchange against the Chinese Yuan, in mid-November the ETP price promptly collapsed, falling by as much as 80%. In their December report, the Blockchain Transparency Institute (BTI) highlighted that the vast majority of exchanges grossly inflated their trading volumes. So much so, that out of the 25 biggest BTC pairs that month, the report estimates that around 80% of the reported volume was wash traded. Many exchanges are “grossly wash trading their volume,” the BTI report says. “These exchanges continue to use these strategies as a business model to steal money from aspiring token projects.” An estimated 4% of the volume on Bit-Z’s BTC-USDT is actually genuine, according to the report. The rest, it said, was probably artific

a month ago

Elon Musk thinks paper money is going away and crypto will take its place

During an episode of ARK Invest’s FYI podcast with Elon Musk the discussion veered away from Tesla and into Crypto. Musk’s answers, though limited, were enlightening.The post Elon Musk thinks paper money is going away and crypto will take its place appeared first on The Block.

a month ago

Bitcoin (BTC) Nears $4,000 Mark as Bulls Remain Impatient

Bitcoin (BTC) has yet to make a decent showing following weeks of instability. In major markets around the world as of this writing, the premiere crypto is near the $4,000 mark at $3,900 although some exchanges pet it around $3,850. It’s rival Ethereum (ETH) likewise has to make an impression itself, with a so-so breach beyond the $140 border early this morning; some analysts think the crypto might hit $150 before sessions end. Bitcoin Cash is not far behind, even Bitcoin SV, which just reached $68 after $155 million in trades. Among the leading digital currencies, only four were performing badly: One was Paxos Standard, while the other three goes by the name of Aurora, Ark and Power Ledger. Together, these cryptos made a paltry $50 million in a 24-hour volume, and Ark was the single top decliner, shedding 15 pct. This may be the result of investors converting their assets to Bitcoin or Ethereum, and trying to stay afloat. How are the others faring? Meanwhile, here’s a quick overview of bitcoins and other coins trading in the market today: BTC nearly had $10 billion in total market volume as Bulls ushered Monday rather sluggishly. The premier digital money made a slow climb late last night, Eastern time, but that’s all it could muster. Bitcoin Cash was the solid gainer for the day, trailed by Bitcoin SV. Ethereum, which earned more than $10 in other markets, paced along with Bitcoin and rallied a few notches up. Litecoin is also making its presence felt just below BTC percentage-wise courtesy of its lower value and made a little over $1.3 billion in volume during the last day. Meanwhile, Binance had another rough day inching upwards, but it’s moving and that’s not a bad sign. - (Jet Encila is a journalist, editor and freelance writer from the Philippines) The post Bitcoin (BTC) Nears $4,000 Mark as Bulls Remain Impatient appeared first on Live Bitcoin News.

a month ago

Bitcoin [BTC] Briefly Touches $4,000, Will Bulls Bring in More Gains or Back to Sideways Movement?

Finally, Bitcoin touched $4,000 briefly on Bitfinex as it inches close to hitting a new high of 2019. The leading cryptocurrency registered significant gains today as according to the data provided by Coinmarketcap, Bitcoin is up by 7.76 percent in the past 24-hours. Bitcoin price 5-days chart, Source: Coinmarketcap However it’s just not Bitcoin that is enjoying the greens, the entire crypto market is euphoric as altcoins go surging as usually is the case in a bull market. EOS and Bitcoin cash (BCH) are the top gainers among the top 10 cryptocurrencies with over 20 percent gains, followed by Ethereum (ETH) that is up by about 16 percent. Meanwhile, today’s highest gainer is WAX and Veritaserum that are up more than 33 percent. Ark is the highest loser with 13 percent losses while Aurora and Powerledger are in the red by about 2 percent. Source: Coinmarketcap The total market cap added $12 billion in about a day while the daily trading volume hits $31.5 billion. Meanwhile, the analysts at Cambridge Associates, a consultant for pensions and endowments said in a note as reported by Bloomberg that investors should consider investing in cryptocurrencies. “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the digital world.’’ It has been further added in the note that, “The dramatic declines that swept across the crypto space raised questions about the future of these assets and the blockchain technology that underpins them. Yet, in looking across the investment landscape, we see an industry that is developing, not faltering.’’ Miners Revenue Nearing the 2-Year Low While the Bitcoin price is seeing an uprise, Bitcoin miners’ revenue is close to hitting a 2-year low. A crypto Analyst with pseudonym Rampage shared a thread on Twitter where he detailed latest Bitcoin network data. Bitcoin miners revenue is hitting a near 2 year low. This also means that it’s becoming super cheap to transact on the network again. Anyone remember the ridiculous fee’s and long wait times to transact in late 2017? Thread 👇 /1 pic.twitter.com/XzKhex5kHq — 𝓡𝓪𝓶𝓹𝓪𝓰𝓮 🦍 (@Thrillmex) February 17, 2019 This has been happening because of the total transaction fees hitting a 5 year low. “This is the total value of all transaction fees paid to miners (in BTC). USD linear chart looks brutal. Miners are getting paid less and less.” The good thing is Bitcoin wallets that are being created are still on a rise as now 33M wallets are created that has some interesting stats behind them. He concluded this with, “Looking at this data it would seem that the bitcoin network is as strong as ever, yet, money continues to be poured into its infrastructure but seems to be built without a corresponding user base - a gigantic risk on a speculative asset. Bitcoin - huge risk, huge reward.” The post Bitcoin [BTC] Briefly Touches $4,000, Will Bulls Bring in More Gains or Back to Sideways Movement? appeared first on Coingape.

a month ago

ARK (ARK) Surges Over 50% Before Pulling Back

ARK (ARK), a platform bridging popular blockchains (Bitcoin, Ethereum, etc.) through special communication channels called SmartBridges, has been one of the best-performing cryptocurrencies over the last 24 hours, gaining more than 50% at one point before losing momentum. ARK/USD via CoinCodex You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to

a month ago

ARK Surges Over 50% on Sunday Before Pulling Back

ARK (ARK), a platform bridging popular blockchains (Bitcoin, Ethereum, etc.) through special communication channels called SmartBridges, has been one of the best-performing cryptocurrencies over the last 24 hours, gaining more than 50% at one point before losing momentum. ARK/USD via CoinCodex You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to

a month ago

Paris Blockchain Week Summit, the first international conference held in France dedicated to the professionals of blockchain and crypto-assets

A few weeks after the PACTE law, which will regulate the crypto-asset industry in France, is voted, the Paris Blockchain Week Summit will gather 3,000 French and international professionals of the industry. The summit will be the flagship event of the Paris Blockchain Week. The goal of the Paris Blockchain Week Summit is to showcase the French regulatory framework and ecosystem in order to: Nurture vocations and foster the development of the blockchain scene in France and in Europe Encourage the best international blockchain projects to set up their activities in France and in Europe Organized by the French Digital Asset Association Woorton, Chain Accelerator, Datalents and Havas Blockchain, the event will take place in Station F and will be opened by Bruno Le Maire, Minister of the Economy and Finance. The Paris Blockchain Week Summit will be an exclusive opportunity to show Paris as the European capital of blockchain and crypto-asset fundraising. Broadly speaking, this event will give the chance to gather the French and international tech ecosystem around these topics which are still undervalued in Europe and for which we are proud to be among the first movers. », explains Kat Borlongan, Director of La French Tech. Agenda During two days, on the main stage, renowned speakers from the most prominent international blockchain and crypto-asset organizations will present the latest advances in the industry and their sentiment on three main topics: Technology, Regulation and Investment. Among the topics addressed: Technology: Governance: the path to actual decentralization Public and private keys management Proof-of-Work vs. Proof-of-Stake Integrating AI in distributed algorithms IoT: wallets for people vs. wallets for objects Strategies for decentralized data storage Interoperability and scalability Zero Knowledge Proof: beyond pure privacy applications Sharding Regulation: How the French regulated crypto-assets Security Token Offerings: the next frontier Self-regulation: a solution for secondary market players The regulator’s conundrum: protecting the investor and fostering innovation The future of currency in a digital world International cooperation for the development of blockchain and crypto-assets Attractivity and competitivity in the race for innovation KYC-AML solutions for law enforcement agencies Investment: Building the European digital asset market infrastructure The role of exchanges in the democratization of crypto-assets The OTC market chimaera Investing in decentralized organizations The rise of DEX On-chain funds: the future of investing Stable coins A room dedicated to workshops and demos will also allow to showcase the French ecosystem and event partners in a more interactive format. Speakers More than 100 international speakers will attend the event. The first 30 announced are: Bruno Le Maire, Minister of the Economy and Finance Mounir Mahjoubi, Secretary of State for Digital Affairs Eva Kaili, Member of the European Parliament Kat Borlongan, Director of La French Tech Bibop Gresta, Chairman of Hyperloop Transportation Technologies Wei Zhou, CFO of Binance Dominik Schiener, Co-founder of IOTA Edward Moncada, CEO of Blockfolio David E. Rutter, Co-founder and CEO of R3 Arthur Breitman, Co-founder of Tezos Nicolas Cary, CEO of Blockchain.info Leonard Schrank, Former CEO of SWIFT Pascal Gauthier, Chairman of Ledger William Mougayar, Managing Partner and Chief Investment Officer of JM3 Capital Jenna Zenk, CTO of Melonport François-Xavier Thoorens, CEO of Ark Ecosystem Muneeb Ali, CEO of Blockstack Philipp Pieper, Co-founder and CEO of Swarm Henri Pihkala, CEO of Streamr Ambre Soubiran, CEO of Kaiko Matan Field, Co-founder of DAOStack Mark Smargon, Co-founder of Colu and Bitgo Ouriel Ohayon, Co-founder of ISAI Angie Lau, Founder of Narramur and former Bloomberg TV lead anchor Aleksei Antonov, Co-founder of SONM and SCDE Ventures Jonathan Benassaya, CEO of IronChain Capital Michael Waitze, Founder of BlockchainLabs.ai Thomas Power, Board member of BICRA Zaki Manian, Founder of Skuchain Jill Carlson, Founder of Juno The Paris Blockchain Week Summit will gather the most famous French and international names in the blockchain and crypto-asset space. Paris was missing a major international event dedicated to professionals to show the world they can consider France to set up their activities or accelerate their projects. France is one of the few G20 countries to have drafted in less than a year a welcoming framework for entrepreneurs of the industry. With a pool of talented engineers, a regulator that is agile with a keen understanding of the industry’s needs and policymakers open to meet the ecosystem, we have everything we need to welcome organizations whether they are industry giants or startups, explains Karim Sabba, co-organizer of the event and co-founder of Woorton. About the Paris Blockchain Week Summit An international conference dedicated to explore regulation, technol

a month ago

Crypto Markets Hit Monthly High With $5 Billion Pump

Market Wrap Crypto markets moving on Monday; Ethereum is surging, BCH and Maker going strong, Tron and NEO are weak. Crypto markets are rallying this Monday morning as $5 billion gets pumped back in over the past 24 hours. The upward momentum began around nine hours ago and market capitalization has now surpassed $125 billion for the first time in a month. Bitcoin climbed to an intraday high of $3,740 a few hours ago before pulling back a little. It has broken through previous resistance levels at $3,650 to hit a new monthly high. At the moment BTC is showing a daily gain of 2.2% as it trades at $3,720. Ethereum is the clear winner in crypto land at the moment as it pumps 11% on the day to a high of $138. Hard fork fervor seems to be driving ETH prices as there is only ten days to go for the second attempt at Constantinople. XRP conversely is still weak, adding only 2% and falling back to widen the gap to $1.6 billion behind ETH. The top ten is all green during Asian trading today with Bitcoin Cash making the most after Ether at 6%. EOS gaining 3% has not been enough to retake fourth from Litecoin which hasn’t done much. Binance Coin continues to climb with another 3% on the day, while TRX is weak with no gains. Looking at the top twenty Maker continues its march with another 8% on the day taking MKR to $555. Cardano has made a rare pump of almost 4% and the rest are 2-3 percent higher on the day aside from NEO which has not moved. The big fomo in the top one hundred is going to WAX at the moment which has surged 40%. Close behind it is Ark pumping 30% as it gets integrated into Exodus wallets. There are no big dumps going on right now but Aurora is at the bottom of the list dropping 3%. All altcoins are generally performing well today. Total crypto market capitalization has expanded by $5 billion over the past few hours reaching a monthly high of $125 billion. Daily volume is also strong at $26 billion, its highest level in 2019. Ethereum is leading the rally right now as Bitcoin dominance drops to 52%. Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals The post Crypto Markets Hit Monthly High With $5 Billion Pump appeared first on NewsBTC.

a month ago

ARK Surges Over 50% on Exodus Wallet Listing Before Pulling Back

ARK (ARK), a platform bridging popular blockchains (Bitcoin, Ethereum, etc.) through special communication channels called SmartBridges, has been one of the best-performing cryptocurrencies over the last 24 hours, gaining more than 50% at one point before losing momentum. ARK/USD via CoinCodex You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to

a month ago

PR: Bitcoin PR Buzz Announces January PR Sale with $200+ Discounts

Bitcoin Press Release: The world’s first blockchain PR agency Bitcoin PR Buzz is pleased to announce price reductions of up to $200 throughout the month of January. January 14th, 2019 Belize City, Belize, - To celebrate the start of another year for crypto, Bitcoin PR Buzz are offering up to $200 off all PR packages, during January 2019. With over 5 years experience and over 600 clients, Bitcoin PR Buzz has worked with some of the biggest names in the industry including ARK, LISK, and UTRUST. Bitcoin PR Buzz’s upgraded Bitcoin press release services include guaranteed publication of not just press releases, but also featured articles on BitcoinNews.com, CCN.com, The Merkle, Coinspeaker, Oracle Times, The Bitcoin News, Cripto Noticias, Criptomoedas Facil, ZYCrypto.com, Bitcoin News Latin America, Brazil, Arabia and Indonesia, and PR publication on 200-400 other online news outlets including Yahoo Finance, Marketwatch, Reuters.com, NBC, Fox, WND.com, Digital Journal, International Business Times, San Diego Tribune, Boston Globe and much more. New Services During the winter of 2018, Bitcoin PR Buzz announced two new services, which join their pre-existing offerings: Social Media Management Services - Covering Twitter, Facebook, and Instagram, your university-trained, native English speaking Social Media Manager will provide analytics and take fortnightly conference calls to keep your message and strategy as impactful as possible. Professional Copywriting Service - Research-driven, emotive and engaging copy is Bitcoin PR Buzz’s specialty, and a highly experienced team of writers ensure that work is to the highest of standards. Bitcoin PR Buzz is also now announcing the ability to secure featured articles and interviews on a range of top-tier mainstream news sites, that are created by industry-leading journalists. January Discounts At the end of 2018, Bitcoin PR Buzz reduced package prices by up to $800 and added 200 new sites including Yahoo Finance. In January 2019, Bitcoin PR Buzz is giving clients a further 5% discount on all packages and services which can be paid for in Bitcoin, Ethereum and Litecoin. This means that some packages now carry a $1,000+ lower price tag than this time in November. For more information please visit the website, or to speak to a London-based Account Manager today, contact the team at contact@bitcoinprbuzz.com. Follow Bitcoin PR Buzz on Twitter - https://twitter.com/BitcoinPRBuzz Keep up to date on Facebook - https://www.facebook.com/BitcoinPRBuzz/ Connect on LinkedIn: https://www.linkedin.com/company/bitcoin-pr-buzz/ Media Contact Details Contact Name: Alex Thurston, Bitcoin PR Buzz COO Contact Email: contact@bitcoinprbuzz.com Bitcoin PR Buzz is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Bitcoin PR Buzz Announces January PR Sale with $200+ Discounts appeared first on BitcoinNews.com.

a month ago

Daily Berminal Brief: Crypto Markets Continue Uptrend as Ethereum Surpasses XRP

The overall crypto market began Sunday on the downtrend but recently sparked back to life and is currently sitting at a total market cap of $123 billion, up from $121.7 billion at this time yesterday. The price of Bitcoin is currently trading at $3,696, an increase of 0.72% on the 24-hour chart, while Ethereum has retaken the second spot and currently trades at $124.31, an increase of 4.17%. Out of the top 100 coins, the best performing coin over the past 24-hours has been Ark (ARK), currently up 26.26% and trading at $0.525253. Bitcoin dominance currently sits at 52.6%. (JF)

a month ago

@wobetwawd @LedgerHQ The ledger interacts automatically with...

@wobetwawd @LedgerHQ The ledger interacts automatically with the ARK wallet. Plug it in, unlock it in the ARK app a… https://t.co/c98QfspOlm

a month ago

ARK Mobile Wallet Adds Delegate-Focused Dynamic Fees Feature

The ARK Mobile wallet for iOS and Android has launched v1.4.0, which includes a dynamic fees feature. As a result, users can set the transaction fees for transactions from ARK’s desktop and mobile wallets. Ark is a blockchain network that uses the delegated proof-of-stake system. According to the announcement, the dynamic fees feature was added in response to user demand: “One of the most requested updates for the ARK Mobile Wallet was definitely adding support for dynamic fees.” According to the announcement, users can “now send, vote, and register a delegate with ARK’s newest fee system. You decide on how much you are prepared to pay for your transaction.” Followers cheered the development on social media. (GT)

a month ago


News courtesy of berminal.com
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