Bread BRD

$0.2230
Market Cap $ 19.784 MM (#149)
24h Volume $ 162.975 K
Chg. 24h: 3.22%
Algo. score 3.3/5  (#279)
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4 Exchanges to Buy and Sell Any Cryptocurrency

Cryptocurrency is one of the most popular financial assets to invest today. With the ongoing development of blockchain technology, the influx of various crypto coins has steadily increased over the years. There are so many options to choose from, one can expect that choosing the right platform also plays a role in helping you get the right coin at the right price. Here are some of the most popular exchanges to buy cryptocurrency from around the world: Changelly The Changelly trading platform is considered as one of the most popular cryptocurrency exchanges in North America. It boasts of being a fast and instant buy-and-sell platform for crypto and fiat currencies, with over 2 million registered users. The company is based in the Czech Republic, which has been able to provide a myriad of services to North American traders. Here are some of the Changelly trading platform features: Access to over 130 different currencies Change cryptocurrencies like Bitcoin, BTT, and Ethereum for Euros and United States Dollars Allows credit and debit cards to be used as deposit methods, and doesn’t need you to have a deposit storage. Includes a free Canadian Dollar wire deposit for Canadian citizens Offers a fast registration process that only requires an email ID so that investors can start trading as soon as possible Has partnerships with reputable and large cryptocurrency services like BRD, Coinmarketcap, NEM/XEM wallet, Coinomi, Jaxx, Mycelium, Huobi, Coinpayments, and others. Additionally, Changelly also connects with the crypto market in real time, allowing investors to get the best coins at the best price without requiring them to keep checking from other sources. Indacoin Indacoin is a platform that’s based in London, United Kingdom. They have been in operation since 2013. The downside to this platform is that it doesn’t do transactions in the United States of America, although they do accept Bitcoin to United States Dollars transactions. Here are some of Indacoin trading platform features: Serves over 200 countries Provides investors with over 700 different altcoins to choose from Allows both credit and debit card deposits without the need to register on the platform Supports up to 9 languages such as Arabic, German, English, Spanish, French, Italian, Portuguese, Russian and Turkish Has partnership and affiliate programs for interested parties Another downside to Indacoin is that its withdrawal processes can take a long time; since Payza is handling it, the process can range from 3-20 business days. Binance Only second to North America, many experts claim that Europe accommodates one of the most effective cryptocurrency systems, which means that traders can expect a variety of platforms to choose from. For investors who are also traders, they can certainly benefit from Binance, which is considered one of the most successful ICOs of all time. Binance offers a lot of benefits, and here are some of the advantages: Over 84 crypto coins to choose from, including Bitcoin and Ethereum Zero fees for deposit and withdrawal services A trading fee worth 0.1% which is much more affordable compared to its other competitors Mobile app for traders on-the-go They have support channels for around 26 languages including Filipino, Chinese, Korean, French, Nigerian and others. While these features are certainly impressive, Binance is certainly not for the casual trader. In fact, the reason why this platform isn’t easily on the top of the list is because it’s made exclusively for traders who may already have gained some experience in the crypto market. BitStamp Several experts believe that Asia has the potential to become one of the fastest growing cryptocurrency economies of the world. While there are still some reservations about Bitcoin and other cryptocurrencies in certain countries, one platform that allows Asian investors to join the crypto coin exchange market is BitStamp. Unlike some of the platforms in this list with geographical constraints, BitStamp is a globally-recognized exchange platform. The BitStamp platform has several exchange features such as: A selection of well-known crypto coins such as Bitcoin, Ethereum, and Litecoin Relatively low transaction fees A wide range of deposit methods which include credit and debit cards, wire transfers, and AstroPay Free deposit fees for cryptocurrency While these features are relatively attractive, certain experts believe that the platform itself focuses more on the trading aspect, which means it may not bode well with casual cryptocurrency investors and could potentially affect them. Conclusion Before investing in cryptocurrency, you must first make sure that trading Bitcoin and other crypto coins is legal in your country. This ensures that investors will start buying and trading coins responsibly without legal troubles. Additionally, it also helps to weigh in the pros and cons before deciding which works best. The post 4 Exchanges to Buy and Sell Any Cryptocu

a day ago

Bitcoin Cash-Focused Ifwallet Implements Cash Accounts Name System

Last month, on the 10th anniversary of the Bitcoin genesis block, Bitcoin Cash (BCH) developer Jonathan Silverblood launched his Cashaccount.info platform. The Cash Accounts platform allows users to tether human-readable names to BCH addresses in order to make payments easier. Now the Chinese BCH light client Ifwallet has become the first public wallet with Cash Accounts sending support. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Ifwallet and Cash Accounts Bitcoin addresses are long strings of numbers and letters, a format that to some users can be nerve-racking and cumbersome. Over the last few months, BCH software programmer Jonathan Silverblood has been working on a project that helps bypass some of the friction associated with BCH addresses. He’s created Cashaccount.info, a platform that allows users to register a one-time human-readable name that is tied to a BCH public address. News.Bitcoin.com tested the application on January 2, the day before the official launch on Bitcoin’s 10th birthday. The platform hashes a name into the BCH blockchain by using an OP return transaction and after the transaction is registered into a block the name will be validated. Ifwallet becomes the first public BCH wallet to integrate the Cash Accounts system. When Silverblood first launched the project he also mentioned that he had been reaching out to wallet developers so they could possibly support Cash Accounts in the future. The Cashaccount.info website shows that the programmer has discussed the idea with Electron Cash, Edge, BRD, Bitcoin.com, Stash, Ledger Wallet and more. On Feb. 14 the Cash Accounts founder explained that the Chinese cryptocurrency light client Ifwallet has added support for the name address system within the sending interface. “Congratulations to Ifwallet for releasing the first public wallet with Cash Accounts sending support,” Silverblood stated on Thursday. The developer continued: When you go to send you can now type in a Cash Accounts name and if they have compatible payment information in them they will show up in a dropdown list. The Cashaccount.info OP return transaction process. Experimenting With Ifwallet and Cash Accounts Ifwallet is a cryptocurrency wallet with a focus on bitcoin cash and provides users with a secure asset management tool for token support. The mobile wallet is backed by investors such as Coinex and is partnered with projects like Johnwick.io, Viabtc, BCH Club, and Wormhole. Ifwallet also supports the Wormhole project by implementing WHC integration and incorporating the token factory. Recently the Ifwallet project launched the decentralized applications (dapp) store module and deployed a variety of dapps that can be used with the wallet. On Feb. 15, news.Bitcoin.com tested the Ifwallet application and the client’s speed was similar to using the Japanese Yenom wallet. The wallet makes you create a six-digit PIN to access the interface but biometric settings like Apple’s Face ID/Touch ID can also be set up. The wallet doesn’t compel you to back up the wallet’s mnemonic phrase immediately and there is a warning message displayed until this part of the process is complete. I sent 0.00041575 BCH - or a nickel - to the Ifwallet, without realizing there was an identical amount of BSV attached to the BCH. The Ifwallet split the transaction into two and my wallet ended up with 0.00041575 BSV as well. Sending a nickel’s worth of BCH to “Jamiecrypto#116” using the Ifwallet on iOS. After the transaction confirmed, I simply used Silverblood’s directions and sent money to the Cashaccount.info name “Jamiecrypto#116.” The transaction immediately showed a sent transaction to the Cash Accounts name and the process was much simpler than copy and pasting an alphanumeric string to use as an address. Overall the application worked well and if more wallets integrate this feature it would likely make sending and receiving easier for newcomers. However, some people will definitely take issue with reusing addresses and may not find the Cash Accounts payment system compatible with efforts toward financial privacy. What do you think about Ifwallet implementing Cash Accounts support? Do you think concepts like Cash Accounts is a good idea? Let us know what you think about this subject in the comments section below. Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. This editorial is for infor

5 days ago

Binance Launchpad Reveals New Initial Coin Offering (ICO)

Binance Launchpad, a rising ICO platform for the leading digital currency exchange Binance, has confirmed its plans to roll out a new initial coin offering. Binance Launchpad has so far launched three ICOs namely BitTorrent (BTT), BREAD, and GIFTO all of which have enjoyed tremendous success. According to CoinMarketCap data, BTT price has since surged and now trades at approximately nine times its initial value. This rapid increment in BTT price has not only improved the value of the native token of Binance - Binance Coin (BNB) but has also seen BTT listed on numerous prominent crypto exchanges. (VK)

12 days ago

State of Asia Crypto: Companies and Investments

2 weeks ago, we shared our thoughts on the recent important happenings in Japan, Korea and Thailand. This week, we share what we are seeing in the Asia Crypto funds and investments space. The Quick Take Investments from Asia crypto funds have mostly stopped this year, and the Asia markets overall will be relatively quiet going into February as many Asian countries and celebrate Lunar New Year, with the celebration lasting up to 3 to 4 weeks. We are seeing a re-centralization of crypto in Silicon Valley, but such trends of crypto accumulation do not equal to crypto adoption. We then share the crypto-related deals that have happened in Asia this year. Crypto Investing in Asia Investments from Asia crypto funds have mostly stopped this year, and the Asia markets overall will be relatively quiet going into February as many Asian countries and celebrate Lunar New Year, with the celebration lasting up to 3 to 4 weeks. Check out our writeup on the impact of Lunar New Year’s on the crypto and general markets in Asia. Many Chinese crypto funds have decided to sit on the sidelines after suffering through huge losses last year. A few are also re-evaluating tokens of high profile projects’ that are supposed to launch this year, and deciding whether to sell their existing holdings in OTC or secondary markets. Starting from Q4 last year, Asia funds no longer saw the same kind of the deal flow as before, as the aura of cheap money and the Asia retail market no longer appeal to projects as it did in early 2018. This is also partially driven by the quality of the remaining projects that were looking to raise at the end of last year, as these projects are no longer just looking to shill their tokens to a predominantly speculative market. It should also be recognized that the Asian fund investors have become relatively quiet as most of them have less appetite for long term risk than Silicon Valley investors. Many capital allocators from Asia invest their own capital, not that of LPs. Subsequently, people in Asia mostly choose to go into the business only if they know with high certainty that they are going to make money in a short time period. So at this point, many are sitting on the sidelines but they are still watching. They are attending the same events in Silicon Valley as you and I, and are bracing for the next bull market. Simultaneously, many of these Asia funds are diversifying their businesses and pursuing alternative strategies, including quantitative trading, staking and advisory services. Some people are even returning back to finance. It is rumored that the large global crypto fund NEO global is exploring alternative income streams such as staking and mining. In Korea, it’s equally quiet. The large venture funds in Korea no longer see quality deal flow. As a retail market, Korea now has very little traction to western projects. A number of funds are now migrating over and prospecting new deals in the states, as I mentioned in my tweet in the last week. Nevertheless, I was in Seoul Korea last week for the Tezos Korea conference, the packed large room and the engagements of the technical community was certainly impressive. You can check out the whole video here. We are in certainly in an interesting market right now. Crypto accumulation vs. Crypto adoption Akin to what investor Avichal Garg from Electric Capital tweeted, it appears that fundraising and overall crypto sentiment has indeed gradually returned and centered back to Silicon Valley-based crypto funds and traditional investors. I agree that re-centralization is indeed happening at the moment as talent and capital gravitate towards Silicon Valley, but I also note David’s point that founding people of crypto are nomadic, in the case of Vitalik, and Satoshi, whose presence is digital and distributed. I believe re-centralization and decentralization of these crypto communities come in waves. The bear market inherently drives out those who are purely in the industry for short term financial gains, and naturally leave those who remain optimistic about the industry long term. In the next wave, which will likely take some time to realize, we will see communities around the world actually contributing more than just their wallets, and instead building and coding alongside companies in Silicon Valley (SV). The crypto communities in Asia has developed to a point where core groups of communities have already been solidified in a number of countries, and should the market rebounds, the marginally- involved individual and talents that were watching from the sidelines will return back to the industry quickly and resurface. I don’t think we should underestimate the speed at which these individuals can gather talent and capital, and execute on ideas at lightning fast speed. And despite SV having the most concentrated group of talent and the most reliable capital, I still don’t believe large mass adoption of crypto will happen there. There may be a mass accumulatio

16 days ago

State of Asia Crypto: Companies and Investments, part 1

2 weeks ago, we shared our thoughts on the recent important happenings in Japan, Korea and Thailand. This week, we share what we are seeing in the Crypto funds and investments space. We also highlight some of the trends on Tron and EOs, which you can read in a later post. The Quick Take Investments from Asia crypto funds have mostly stopped this year, and the Asia markets overall will be relatively quiet going into February as many Asian countries and celebrate Lunar New Year, with the celebration lasting up to 3 to 4 weeks. We are seeing a re-centralization of crypto in Silicon Valley, but such trends of crypto accumulation do not equal to crypto adoption. We then share the crypto-related deals that have happened in Asia this year and highlight some trend we are seeing with TRON and EOs. Crypto Investing in Asia Investments from Asia crypto funds have mostly stopped this year, and the Asia markets overall will be relatively quiet going into February as many Asian countries and celebrate Lunar New Year, with the celebration lasting up to 3 to 4 weeks. Check out our writeup on the impact of Lunar New Year’s on the crypto and general markets in Asia. Many Chinese crypto funds have decided to sit on the sidelines after suffering through huge losses last year. A few are also re-evaluating tokens of high profile projects’ that are supposed to launch this year, and deciding whether to sell their existing holdings in OTC or secondary markets. Starting from Q4 last year, Asia funds no longer saw the same kind of the deal flow as before, as the aura of cheap money and the Asia retail market no longer appeal to projects as it did in early 2018. This is also partially driven by the quality of the remaining projects that were looking to raise at the end of last year, as these projects are no longer just looking to shill their tokens to a predominantly speculative market. It should also be recognized that the Asian fund investors have become relatively quiet as most of them have less appetite for long term risk than Silicon Valley investors. Many capital allocators from Asia invest their own capital, not that of LPs. Subsequently, people in Asia mostly choose to go into the business only if they KNOW with high certainty that they are going to make money in a short time period. So at this point, many are sitting on the sidelines but they are still watching. They are attending the same events in Silicon Valley as you and I, and are bracing for the next bull market. Simultaneously, many of these Asia funds are diversifying their businesses and pursuing alternative strategies, including quantitative trading, staking and advisory services. Some people are even returning back to finance. It is rumored that the large global crypto fund NEO global is exploring alternative income streams such as staking and mining. In Korea, it’s equally quiet. The large venture funds in Korea no longer see quality deal flow. As a retail market, Korea now has very little traction to western projects. A number of funds are now migrating over and prospecting new deals in the states, as I mentioned in my tweet [LINK] in the last week. Nevertheless, I was in Seoul Korea last week for the Tezos Korea conference LINK, the packed large room and the engagements of the technical community was certainly impressive. You can check out the whole video here. We are in certainly in an interesting market right now. Crypto accumulation vs. Crypto adoption Akin to what investor Avichal Garg from Electric Capital tweeted, it appears that fundraising and overall crypto sentiment has indeed gradually returned and centered back to Silicon Valley-based crypto funds and traditional investors. I agree that re-centralization is indeed happening at the moment as talent and capital gravitate towards Silicon Valley, but I also note David’s point that founding people of crypto are nomadic, in the case of Vitalik, and Satoshi, whose presence is digital and distributed. I believe re-centralization and decentralization of these crypto communities come in waves. The bear market inherently drives out those who are purely in the industry for short term financial gains, and naturally leave those who remain optimistic about the industry long term. In the next wave, which will likely take some time to realize, we will see communities around the world actually contributing more than just their wallets, and instead building and coding alongside companies in Silicon Valley (SV). The crypto communities in Asia has developed to a point where core groups of communities have already been solidified in a number of countries, and should the market rebounds, the marginally- involved individual and talents that were watching from the sidelines will return back to the industry quickly and resurface. I don’t think we should underestimate the speed at which these individuals can gather talent and capital, and execute on ideas at lightning fast speed. And despite SV having the most concentra

16 days ago

David Gold says FIO Protocol will Simplify Crypto use

David Gold, the founder of the Foundation for Interwallet Operability (FIO), believes that simplifying the process for transacting with cryptocurrency will help to kickstart its mainstream adoption. FIO provides decentralized naming services for blockchain wallets which essentially means users will be able to add human-readable addresses to their crypto wallets. FIO is blockchain and wallet agnostic and the startup aims to release a public beta version by Q3 of 2019. To date, ShapeShift, KeepKey, Coinomi, Mycelium, BRD, MyCrypto and Edge Wallet have joined the foundation and Gold says “without a solution like FIO, the visions around blockchain will never happen. They’ll never get beyond what I call ‘crypto gold’.” (RS)

16 days ago

Cryptocurrency Wallet BRD Raises $15 Million After Doubling Userbase in 2018

On Friday (January 25th), Breadwinner AG, the venture-backed Zurich-headquartered company behind popular mobile cryptocurrency wallet BRD announced that it had raised $15 million in a series B fundraising round, with the funds coming from SBI Crypto Investment, a wholly-owned subsidiary of Tokyo-based SBI Holdings.

25 days ago

SBI Crypto Subsidiary Supports Crypto Mobile Wallet in $15 Million Funding Round

Crypto mobile wallet BRD has raised $15 million in a Series B funding round backed by SBI Holding’s crypto subsidiary

25 days ago

BRD Crypto Wallet Raises Another $15 Million in Series B Funding from SBI Crypto Investment

The mobile cryptocurrency wallet BRD recently announced that it has raised $15 million in Series B funding from SBI Crypto Investment, a subsidiary of Japanese financial services company SBI Holdings. According to BRD co-founder and CEO Adam Traidman, “SBI Group’s investment in BRD allows us to firmly cement ourselves in the Asian market. The new investment will ensure our long-term global growth, and we are incredibly excited about collaborating with SBI as a strategic investor and business partner to make that happen.” BRD has now raised a total of $55 million. (JF)

25 days ago

The Ultimate Bread Wallet Review

What is Bread? Bread, formerly known as Breadwallet, is a crypto wallet for mobile users which was developed in 2015 by Bread Company. The company is based Zurich, Switzerland, and it has dedicated itself to implement some of the strongest security measures to ensure the safety and privacy of their users. This free digital wallet […]

a month ago

Can The New Bitcoin ATM survive in Venezuela’s Tightly Restricted Forex Market?

TL: DR Venezuela’s hyperinflation and restricted access to foreign currencies makes it a hotbed for Bitcoin adoption A surge in Bitcoin demand has led to a new Bitcoin ATM being launched in the country, but can it survive if it openly threatens to upend the government issued Petrodollar? By now it’s no secret that the people of Venezuela have been facing significant hardships regarding access to a useful and stable national currency. In the last year, we’ve seen headlines of the Venezuelan Government engaging in hyperinflation (where the inflation rate was projected to surge by 1 million percent by the end of 2018) as well as enforcing severe travel and foreign exchanges restrictions that have made it almost impossible for its citizens to live normal lives. Citizens have been forced to spend barrels of money to buy everyday groceries like bread and eggs. To make matters worse, the Government has been peddling its very own cryptocurrency (the Petrodollar) to its citizens and the rest of the world as a way to raise money to pay back their massive debts and refuel its economy. Out of desperation, many citizens have turned to Bitcoin, with reports stating that the price of Bitcoin in Venezuela is now doubling roughly every three weeks, and that bitcoin trading volumes keep hitting record highs at citizens try to retain what they can out of their failing national currency. All of this has led to the recent news that Venezuela will now see its first Bitcoin ATM open in 2 weeks. The ATM is in the final stages of being set up in the national capital, Caracas. However, is the Venezuelan government ready to accept its citizens trading their national currency for Bitcoin out in the open? Venezuela’s History of Forex restrictions could be bad news for Bitcoin The country has had a poor reputation of restricting the ability of private companies and individuals’ ability to convert their local currency (Bolivars) into foreign currencies. These restrictions make it difficult for local businesses to claim profits generated in Bolivars by converting them to foreign currency, or to convert Bolivars to foreign currency when they need to buy supplies or pay debts in those foreign currencies. For citizens, the restrictions have made it easy for Venezuela’s Government to exploit peoples desperate need to claim money sent home from family members aboard by charging exorbitant fees and offering phony exchange rates. These are just a few examples of how the Venezuelan Government suppresses its people and businesses regarding the exchange of local fiat currency for foreign fiat. Will Bitcoin exchanges threaten Petrodollar the same way foreign fiat threatens the Bolivar? Now we are seeing a similar situation occur with cryptocurrencies, as the Venezuelan Government is reportedly forcing citizens to pay for essential products like passports using the new Petrodollar. At the same, time, there have been reports that LocalBitcoins was no longer accessible in Venezuela. It would be no surprise that the government would try to limit citizens’ access to Bitcoin to force them to rely solely on the Petrodollar. To that end, the Bitcoin ATM, although incredibly useful, may not last if it begins to attract too much attention and Government sees it as a threat to the value of their national cryptocurrency. At this time it’s too early to tell, but it will be interesting to see what comes out of Venezuela’s ATM in the next year. The post Can The New Bitcoin ATM survive in Venezuela’s Tightly Restricted Forex Market? appeared first on CryptoPotato.

a month ago

Apollo (APL) is a massive scam and you are all making the founder, Steve McCullah, rich

# The Apollo Cryptocurrency Apollo is the "all-in-one cryptocurrency" that has everything - smart contracts, sharding, the BEST privacy features, and more! They'll be sure to tell you all about Apollo's amazing features in their communities. Here's the only problem - **it has absolutely none of those things right now and is all promises** from a dev team that has not proven one bit of a competency yet. Their website is even built on Wix - but I'm sure they have the ability to make the great cryptocurrency anyone has ever seen like they say. Anyway.... **Apollo is an NXT fork** that lowered the block time down to 2 seconds. They have several other insignificant changes to the code (I'm talking seriously insignificant - like it changes nearly nothing) and will hail them as the greatest lines of code ever written, using big technical-sounding words to trick their extremely devoted, cult-like followers and mask what is essentially either: 1. An already existing feature of NXT with a different name 2. Changing a few lines in the code So why is this an issue? There are plenty of cloned coins in crypto that claim to be the next best thing since sliced bread - so what's the issue with APL? Well there's a few. First, APL itself has been pumping parabolically recently and the APL team is fueling this pump as hard as possible. They are actively telling people word-for-word to load their bags now, we're going to be $1/APL soon (above Ethereum and Ripple in market cap) because we make them obsolete, and more. If you say anything about "if you made money on APL you should consider taking profits" or "the price has to correct after increasing like this" you will be IMMEDIATELY BANNED from their community, no questions asked. I'll go onto the Telegram next, but I need to mention that **the founders have been verifiably dumping as much APL as they can during this pump on investors while continuing to fuel the buying with hype and fake news to keep this going for as long as possible.** This isn't a surprise, as they already did this in the past: [https://www.reddit.com/r/CryptoCurrency/comments/9m90il/proof\_that\_apollo\_foundation\_is\_dumping\_their\_own/](https://www.reddit.com/r/CryptoCurrency/comments/9m90il/proof_that_apollo_foundation_is_dumping_their_own/). Here are some APL Founder-held addresses if you'd like to watch them get rich in real-time: APL-4BUY-KK5W-B3KC-DMHBM and APL-NZKH-MZRE-2CTT-98NPZ ​ # The Telegram Now the Telegram. I could write a whole separate post just on this, but the APL Telegram group is the single most brainwashed group of people I have ever seen in crypto, and that's saying something because I've been in 100's of Telegrams. **Saying ANYTHING - and I'm not kidding - ANYTHING - about the tech of APL (even asking a question about it), mentioning NXT, saying the word "fork", "dump", "sell" - the list goes on - will get you immediately banned**. They ban so often that I've made a list of comments that got people banned so far: \-"The price is up 700% in a week. I think I might take some profit in case it drops" \-"Isn't the privacy of this coin exactly the same as NXT? Can someone explain how it is any better?" \-"Why do you keep banning people for asking legitimate questions?" (followed up with response from an admin "These 'questions' are just FUD on NXT's tech...these people just want to see the project fail". \- "How do you plan to implement sharding in Q1 when their is no code in the Github for it yet?" \- "You guys think the privacy of this coin is really better than Monero?" Not only will you get banned. If you ask a question about the tech and get banned, the rest of the Telegram follows it up in the chat BY HAILING THE ADMINS like they are some sort of savant for saving them from the terribles FUDers. It is actually so ridiculous that I invite you, /r/cryptocurrency, to go see this for yourself. Ask a question - any question - about the tech of NXT - or really, just say anything that isn't "NXT TO THE MOON!". Just google the Telegram for the Apollo Community and see what goes on there for yourself. ​ # The Founder: Steve McCullah Now let's talk about the founder. You can start by reading [here](https://www.reddit.com/r/CryptoCurrency/comments/921m2l/the_ceo_of_apollo_is_a_known_scam_artist/) and [here](https://bitcoinexchangeguide.com/crypto-red-alert-apollo-ceo-is-a-notorious-scammer-according-to-report/). I'm not even concerned if he was a scammer or not in the past, that's irrelevant. The concern is what he's doing right now. Besides clearly dumping coins, he is using the Telegram - which through banning all opposition to the project is essentially just a massive brainwashed hivemind that will do whatever the founder says - to pump the coin and swarm anyone who tries to pose any sort of legitimate argument against it with tons of people who act like they would die for this project. This has happenned at least 15+ times since yesterday in the

a month ago

Living on Bitcoin Day 4: The Uphill Climb

This is the fourth instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 and on Day 3.I woke up in a state of amazement: In my three days of living on bitcoin, I had managed to survive on a handful of services and the generosity of friends.Hungry for any place that would let me spend it, I was more determined than ever to call up every single store in the Bay Area that might accept bitcoin. A few, like Bamboo Asia and Ramen Underground, were closed yesterday, so I still had a small, if shrinking, beacon of light at the end of a tunnel of rejection.Most places weren’t open yet, so I had a call with my editor, who was keen to hear about how it had been both too simple and hopelessly difficult.“Well hey, there’s the angle,” she suggested.It was an angle, but it was also a dead end of sorts. I needed to find someplace to finally spend my bitcoin to make my day-to-day purchases different for a change (though going shop-to-shop in unsuccessful attempts to spend it and acting like a hungry lunatic on Haight street could also be considered “something different”).A bit of work, a bit of coffee, a bit of social media trumpeting and it’s 11:00 a.m. Excited by the prospect of hopefully going out for lunch for once this week, I called up Bamboo Asia first.“Hello, is this Bamboo Asia?”“Yes it is,” a woman responded over the phone.“Do y’all still accept bitcoin?”“What?”“Do you still take bitcoin?”“Bit ... coin?” she stuttered, a bit confused.“I take that as a no, then?”“No.”“Okay, thank you,” I hung up.Strike one.Next up: Ramen Underground:“Yes, hello, do you take bitcoin?”“Bit what?”“Bitcoin, the cryptocurrency.”“Oh. No.”Strike 2.Then, I dialed Numa, a sushi joint that had slipped through yesterday’s round of solicitations:“Do you accept bitcoin?”“Do we have corn?”Uh, no.“No, no, do you take bitcoin — as a method for payment?”“I’m sorry. I don’t know what that is,” she said hesitantly.“It’s internet money. It —”“Oh, no, no, no — no, not that, sorry.” She quickly cut me off.Strike 3.Well, in reality, there were many more strikes than that. I even called Siegel’s Clothing Superstore and Tuxedo, just for hell of it.Over the phone, the question like an incessant recording (at this point, everytime I ask, I close my eyes and squinch my face up in embarrassed anticipation for the answer).“I — I don’t think so, but let me check — can you hold on a minute?”“Absolutely,” I answer, excited at the prospect of potentially something to go on.“For the current sale, I’m sorry, no, they don’t accept bitcoin. No Apple Pay. Just Visa, Mastercard, American Express, and, of course, U.S. cash.”Yep, I expected as much.There was one last hope, but I was beginning to doubt that even Stookey’s, a bar I’d been told takes bitcoin by someone other than Google, would take it. If all else fails, maybe I’ll get to spend it there — eventually.As night rolled around, I got ready to transition to the Crypto Castle. Queen Liz had granted me two night’s stay: On Tuesday, I’d be on the couches upstairs, but for Monday, I’d be sleeping in Jeremy’s room.Oh. Ok.The gesture took me aback for a second but it made sense for the bohemian-tech aesthetic that the house has going for it. That I would sleep in a millionaire’s bed one night and then a couch the next was humorous and exotic in a very benign way to me.It was a short walk from Christian’s apartment, only half a mile, but distance can be deceiving when San Francisco's hills tack on a couple hundred feet of elevation gain. Lugging my belongings in a 50-gallon hiking backpack, my daypack slung over my right shoulder, I schlepped myself up the hills that were sloping at a crazy 45 degrees.I was partially heaving when I topped the hill, turned right on Kansas Street and stopped in front of the castle’s telltale blue door with a “Bitcoin Prefered Here” sticker in the window. I pressed the buzzer.“Yes, who is it?”“Colin — the Bitcoin journalist,” I responded, and soon heard the door’s unlatching click.Hans, an Italian expat developer with a machine-learning background who’s relatively new to the space, let me in. He has rich olive skin and curly black hair, and an apprehensive but affable personality.We walked over to Jeremy’s room as Hans recapped some of what Liz had told me.“I’m finishing up some work right now, do you mind?” he asked as we entered the room. Apparently, Jeremy’s room is a free-for-all space; he would likely have it no other way.“Of course not — work away,” I told him. I mean, it’s not really my place to dictate what he can and can’t do in a room that isn’t mine to begin with.The in-and-out style of the house’s residents made for some brisk but pleasant introductions. I would meet Teddy, a tall, lanky and balding Ethereum-to-EOS developer who works with Hans. He’s a bit jumpy and is into Soylent (and keeps offering me some to drink). Diego, another developer who used to play soccer at Boston College,

a month ago

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.

a month ago

Coinme and Coinstar team to let shoppers buy bitcoin at grocery stores

Milk, eggs, bread, and bitcoin? Seattle-based cryptocurrency ATM maker Coinme has partnered with ubiquitous supermarket coin-counter Coinstar to make bitcoin available for purchase right at the grocery store, GeekWire reports. Coinme’s new partner has so far implemented the service in Safeway and Albertsons supermarkets in California, Washington, and Texas. The kiosks will enable the customers to purchase up to $2,500 worth of bitcoin, and only cash is accepted. At the end of the transaction, the system will provide them with a code which can be used on Coinme’s website to acquire the newly purchased bitcoin. Despite what many are calling ‘the crypto winter,’ Coinme’s CEO and co-founder Neil Bergquist claims the startup’s ATM service is thriving. “Our customers are leveraging bitcoin as a medium of exchange for remittances, a diversified store of value for their portfolio, or simply as a gift for that ‘crypto-curious’ family member,” he stated. The post Coinme and Coinstar team to let shoppers buy bitcoin at grocery stores appeared first on The Block.

a month ago

One Year After SegWit On Bitcoin, Adoption Is Still Low

It has been over a year since the Bitcoin scaling solution SegWit was launched. However, it is estimated that only 36% of all bitcoin transactions are using it. That is because SegWit is not a necessary upgrade for wallets to function. As a result, large businesses with lots of money to burn are fine with spending the higher fee without SegWit. Most of the companies are interested in optimizing their products for growth, and not new technologies. While most companies recognize the importance of SegWit, they do not feel pressured to implement it right now. Aaron Lasher, the chief strategy officer at bitcoin wallet company BRD said that the default thing to do is do nothing because everything already works. Bitcoin (BTC) is priced at $3,633.01, losing 0.41% in the last 24 hours. (VS)

a month ago

Coinify Set to Enable Bitcoin Purchases in BRD Wallet

Coinify, a Bitcoin and crypto payment provider, has announced a partnership with BRD, a Bitcoin and crypto wallet, to increase access to digital currencies. Per the announcement, this partnership is set to expand BRD’s user base within the European market, specifically to the 34 countries across the SEPA region. It would also allow customers to buy Bitcoin at cost-efficient rates with SEPA bank transfers via BRD. Coinify’s Wallet Trading Solution would service the trade integration. According to Coinify’s Sales Manager, Morten Bebe, this collaboration would help them develop a robust infrastructure that would make cryptocurrencies accessible to a broad user base. (KE)

a month ago

Daily Crypto Roundup 1/15/2019

Today saw a whirlwind of news in the crypto space as bitcoin remained relatively uneventful. Currency.com launched tokenized securities trading, hackers broke into Cryptopia and a former U.S. representative spoke out against current crypto regulation. SBI Crypto Investment also put money into Breadwinner AG (BRD). Additionally, Crypto Insider wrote a more in-depth take on the current initial coin offering (ICO) scene. Get the details: Where Is The Price Of Bitcoin Heading? Bitcoin’s price action has been relatively slow over the past few weeks, with the exception of a few Bart Simpson patterns alluding to low liquidity levels. The price of BTC has also been subject to large wicks, stop-loss hunts and possibly bot action. In a recent video, technical analyst Tone Vays noted bitcoin’s monthly chart looked grim, with a few possible scenarios going forward. Read more here... European Blockchain Startup Launches Trading In Tokenized Securities Today saw another security token trading operation launch. The new platform, Currency.com, will let users trade tokenized securities via bitcoin or ethereum. Currency.com touts more than 150 tokenized securities for trading and investing opportunities. These tokenized securities follow the price movements of their underlying assets. DX.Exchange recently launched a similar operation at the start of January. Read on CoiDesk New Zealand Crypto Exchange Cryptopia Goes Offline Citing Hack Cryptopia has suffered a significant hack according to the exchange’s tweet this morning. “Cryptopia Exchange suffered a security breach which resulted in significant losses,” the exchange said in the tweet. No details are available regarding the number of stolen funds or the full impact of the situation. Cryptopia has shut down its exchange while it pursues steps toward a solution. “Meanwhile, tweets from Whale Alert on Saturday indicated that 19,391 ether (ETH) tokens worth nearly $2.44 million and around 48 million centrality (CENNZ) tokens worth about $1.18 million were transferred from Cryptopia to unknown wallets on Jan. 13. It is not currently clear if those funds were moved by the hacker or by the exchange,” CoinDesk noted. Read on CoinDesk US Regulators’ Approach To Crypto Is Obstructing Innovation: Ex-Congressman Former Washington state representative George Nethercutt spoke on crypto assets yesterday, stating U.S. regulation has gone the wrong direction, according to CoinTelegraph’s report on Nethercutt’s article for The Hill. “While diplomats at the State Department are negotiating hard to pave the way for American innovation, U.S. regulators such as the Securities and Exchange Commission (SEC) have been slow to make pronouncements regarding cryptocurrencies. This has hampered innovation and left many American businesses in regulatory limbo, particularly with respect to whether or not their tokens are classified as securities,” Nethercutt wrote. “From a legal perspective, experts have concluded that securities regulations simply do not apply to cryptocurrencies. It’s time policymakers share that approach, allowing innovation to continue to flourish,” he added. Read on CoinTelegraph Japanese Finance Giant SBI’s Crypto Subsidiary Backs Mobile Wallet BRD Switzerland’s Breadwinner AG recently saw investment from SBI Crypto Investment. SBI Crypto Investment operates under Japanese powerhouse SBI Holdings. Breadwinner AG is known for its BRD mobile crypto asset wallet. The wallet is active in 170 countries and boasts 1.8 million downloads. Read on CoinTelegraph The post Daily Crypto Roundup 1/15/2019 appeared first on Crypto Insider.

a month ago

Living On Bitcoin Day 2: Being “Unbanked” Has Been Easy ... But Also Hard

This is the second instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him on Day 1 here.I woke up on Christian’s couch stiff-necked and cotton-mouthed. A bit more fitting for the “living on internet money” survival vibe, yeah?A friend of a friend of Christian’s roommates (who are starting a business and moving to LA today) was out cold on an air mattress next to a stripped Christmas tree, snoring into the streams of soon-after-sunrise light filtering through the window. Another blow-up mattress adjacent to the couch was vacant. Its former occupant, Julian Martinez, a copywriter at Quantstamp and Christian’s friend, had left early in the morning, politely folding his sheets before he left.I trundled into the kitchen in search of coffee. Christian and his housemates grind their coffee and use a french press, which seemed rightly authentic for San Francisco. The Philz whole coffee beans were stashed in a cupboard along with some almond flour (also on point), spices and other ostensibly hipster culinary staples.Christian came in and we prepped the press. Sitting down for a cup in the dining area, the view from his apartment window seat offered up a gorgeous morning landscape of the residential area with the bay at its back.As he and his girlfriend left to pick up breakfast, I was confronted with the task of condensing the whole of yesterday’s events. In the flurry the day had become, I recorded the experience in scatterings between my phone, laptop and journal, typing or jotting whenever I had the time or inspiration struck. The words were distributed. It was just a matter of pulling them together and making them fit.So most of Saturday was spent reconciling how to pare down the experience (2,900 words later, I didn’t do a very good job). Christian and his girlfriend brought me back a croque madame from a local bakery and the San Franciscan sourdough lived up to its reputation. I wouldn’t wrap up the first draft until probably 6:00 p.m. that night.Of course, there were interruptions (like eating) that involved my careful attention and purchase planning. I still hadn’t done a point-of-sale (PoS) with bitcoin, and I thought I would have the opportunity at lunch with Curry Up Now.The once-foodtruck, now-local chain has become a sensation with its uncanny Indian-Mex and world food fusion fare. Chicken tikka masala burritos, deconstructed samosas and aloo gobi tacos coexist with Indian street food, pub food with a curried twist and even fried ravioli with masala dip.At one point in time, they accepted bitcoin, and most resources (like coinmap.org) indicated as much. But when I called to confirm, a hurried employee shot down my hopes.“No, I’m sorry we don’t,” she said, a bit short and stressed, with the commotion of a popular restaurant audible in the background.Hanging up, I hoped it wasn’t an omen for the other restaurants I was planning to call.Bummed as I was not to get to buy direct, the menu left me salivating so I ordered a tikka masala burrito with Uber Eats using my Bitrefill-bought Uber credit.Amazingly, when it arrived, I managed to lock myself out of Christian’s apartment while he, his girlfriend and a future roommate went to lunch. At least I had food and rooftop access.I took the mishap as an excuse to take a break from writing and go enjoy the view on the roof. Up top, I tore into my burrito (which is a divinely inspired culinary design, I’m convinced) and surveyed the vibrant view of a lazy Saturday.I wasn’t too concerned by the lockening, mainly because I knew Christian and friends would be home shortly. Plus my phone had a healthy charge so I could get somewhere if I needed to, though my BRD wallet had been a glitchy cause for concern. But I wasn’t going to starve while they were gone, so locking myself out was more of a dunce-cap moment than a shot in the foot.They got home when I was halfway through with my burrito. Great when life works out like that (sucks when it doesn’t though). Like the way transportation was panning out — and not just for me.Running around in Ubers all week is going to beat up my wallet pretty good and already has. Christian offered to mitigate the problem by renting me his bike, so when he got back he took me to the house’s garage to dig it out.When he opened the door, there was a pile of bikes chained together, none of which belonged to Christian’s house. They belonged to his neighbors, but their bikes were gone. Earlier, Christian had been griping about his roommate Matt leaving the cover off the rooftop grill — looks like he might have forgotten to lock up the bikes (and the garage), too. I wasn’t the only one with bike woes.Sucks when it doesn’t though.If I can buy a bike with bitcoin while I’m here, I intend to donate it to Christian’s house — a gesture of good faith for letting me shack up.Maybe that will be my first IRL transaction in this tech city.I stayed in the rest of the day, in part to write but

a month ago

Blockchain payment provider Coinify to power bitcoin purchases in BRD wallet

CryptoNinjas Coinify, a bitcoin and cryptocurrency payment provider, has announced they are partnering with BRD, a simple and secure bitcoin and cryptocurrency mobile wallet, to support increased access to cryptocurrencies. The new partnership will bring... Blockchain payment provider Coinify to power bitcoin purchases in BRD wallet

a month ago

Bitcoiner 2029: Another Ten Years On

The following is an imaginative, fictitious account of what the world could look like in 2029 and how Bitcoin might evolve to revolutionize economic, monetary and free-market systems. Unfortunately, time machines haven’t been invented in this speculative future so we couldn’t verify the accuracy of the narrator's experience — please take the following story with a healthy grain of idealistic salt.As I walked out on the tarmac, the West Coast winter climate, brisk and sharp, broke over me. The sun set over the west bay in a splendor of sherbert radiance. Some 20 miles away, I envisioned the sepia luster of the Golden Gate stretching across the bay, that bastion of 20th century industry blending with the gradually darkening backdrop of the day’s paling light.Immediately I was taken back to my first crypto conference in the Bay Area some 11 years earlier — right on the brink of the crypto craze of 2017. A fledgling industry, we found ourselves positioned in an ecosystem that was challenging the economic norm with feverish and diehard persistence. Bitcoin was a revolution, and we were accelerating a movement that would disrupt the monetary realm as we knew it. It was a thrilling time; we were building the future.Now, the same flutters of excitement I experienced in 2017 morphed into the euphoria of triumph. The future we imagined — we had built it.An act of happenstance, the consequence of this triumph greeted me as I stepped from the tarmac into the warm, aseptic fluorescence of the SFO airport. Greeting me at the door like a stalwart guardian of old, its paint peeling and brittle from lack of care, a defunct currency exchange booth sat like the gutted relic of a different time.The sight conjured memories of my childhood, when my father would vent about the fees charged for currency conversion at these booths.“12 percent?” he’d say in disbelief. “It’s straight theft! Should have done it beforehand at the bank — of course, their rates are about as bad though,” he always conceded.I laid my hand on the jaundiced linoleum countertop.“You put up a good fight, old boy,” I muttered, giving the booth a sympathy pat.A janitor within earshot looked up from the tile floor he was tending and flashed me a dubious look, complete with cocked eyebrow.“Sorry, just reminiscing,” I replied awkwardly.Gathering my composure, I headed to the baggage claim, collected my luggage and proceeded to the rideshare section of the terminal. I opened my Decentralift app and requested a car.Standing in wait for my ride, I surveyed the news for the day on my BitLive app.The New York Times: January 3, 2029: “In the New Year, POTUS, Congress Wrestle With New Economy”The Wall Street Journal: January 3, 2029: “Investment Banks Faces Bankruptcy as Wall Street Debt Crisis Worsens”Bitcoin Magazine: January 3, 2029: “China and Russia's Mining War With the West Is About to Get More Entrenched”Millennial Daily: January 3, 2029: “EU Parliament Convenes Emergency Session in Shadow of Global Economic Downturn”The Times: “Pressure On: Parliament on Brink of Passing Crypto Tender Bill in Wake of EU’s Adoption”I paid 1,000 sats for the NYT’s headliner, and I even shelled out for The Times article too, mainly for sentimental reasons.Standing in waiting for my ride, I opened the NYT article and started reading.Newly re-elected President Ables and the Democratic-controlled Congress continue to look down the barrel of a currency crisis as long-standing Wall Street Institutions like Goldman Sachs and J.P. Morgan continue to fold under the pressures of bankruptcy.These closures are the climax of a financial paradigm shift that began when Congress passed the “Cryptocurrency Tender Recognition Act” of 2027, legislation that categorizes cryptocurrencies such as bitcoin as legal tender under U.S. law. The law was prompted by the surging demand for bitcoin and other private currencies by U.S. employees and a wave of adoption as major brands, such as Apple, Amazon, Walmart, Nike and others began accepting bitcoin and other cryptocurrencies as a sole method of payment.Congress is meeting with the President and the Federal Reserve, as well as CEOs from the nation’s largest private banks, on Thursday to discuss the crisis and break ground on a relief plan.“The COIN Act was a safety-net plan of sorts. It outfitted the United States with the most powerful mining operation on the planet, and we’ve been actively liquidating portions of our precious metal reserves in favor of bitcoin and other cryptos,” House Banking Committee Chair Vicente González told the New York Times.“Still, the Thursday meeting is critically important. We also recognize the need to aid these financial institutions for the betterment of our economy and constituents as we confront a paradigm shift in monetary policy.”Representatives from Goldman Sachs, J.P. Morgan and the Federal Reserve declined the New York Times’ request for comment.“Long time coming,” I muttered to myself.European change was underway

a month ago

Living on Bitcoin Day 1: “That’s Not Going to Work”

“The point is to get people to think about bitcoin, not spend it. I don’t think it’s good for that. It’s not meant to be used like cash,” Jeremy Gardner, founder of Ausum Ventures, advised me.“Satoshi created a decentralized store of value,” probably encapsulates his thesis that bitcoin is best unspent — better to hoard it like gold. To Gardner, using it as a currency is not only impractical. It is counterintuitive.Well, I’m trying it anyway.After all, journalist Kashmir Hill experimented with living on bitcoin as early as 2013, so it should be easier now, right? Well, it is and it isn’t. Nearly six years later, I’m discovering that, while bitcoin’s payment infrastructure has advanced, its use as a method of payment, at least in San Francisco, has seemingly regressed.Before reporting to the conference I’m attending here in San Francisco, I had something important to do: I had to pay my respects to the pioneer.Before leaving my home in Nashville to start my experiment, I reached out to Kashmir Hill, a former Forbes-gone-Gizmodo journalist who did this in 2013 (and again in 2014). She graciously took me up on my request to meet up so I could pick her brain and seek advice.Getting to her was my first unbanked transaction. Transportation was a problem in her own experience until she got a bike, and even then, San Francisco’s hilly landscape is unforgiving, so it still wasn’t easy. It’s a way to get around, though, and I like the idea of being bike reliant for transport.All of my attempts to buy or rent one on Craigslist haven’t come to anything yet, so that’ll have to wait.I do have Paxful to buy Uber gift cards. Opting for this, I signed up for the exchange (where I had to give a phone number for authentication but no name) and transferred $25 worth of bitcoin from my BRD wallet. After executing a quick trade with one “Marxsmith,” I found myself with 25 bucks worth of Uber credit on my account.Hill arrived at La Boulangerie shortly after my Uber dropped me off, immediately recognizable, thanks to the turquoise highlights that accentuated the tips of her hair.When I thanked Hill for agreeing to meet with me, she replied she was naturally sympathetic to anyone who made the decision to live solely on bitcoin for a week. So sympathetic, she offered to pay my meal forward (the bakery doesn't accept bitcoin). I insisted on repaying her for the cheese danish and latte, but she said that she'd need to see if she remembered her Coinbase login to give me her public address."I wrote the articles and pretty much forgot about bitcoin," she joked.It was during the first major media cycle that came along with the 2013 bubble that Hill experimented with living on bitcoin. Not many people knew what bitcoin was yet. A few mainstream journalists were starting to pump out articles about what was, to many, a novel experience in itself: buying bitcoin.Hill's editor wanted to take the novelty farther: “Don't just buy bitcoin. Live on it for a week.” So she did."It was really on the fly — I got pretty lucky," she laughed, calling the planning and execution "lackadaisical."If her approach was lax, the execution was anything but. She attended one of San Francisco's famous “Bitcoin at $100” meetups, she shacked up in the crack-house-turned-hacker-hostel/cypher community, 20Mission, and she even toured Coinbase when it was “three guys in an apartment," she put it.As she mentioned this, a waiter brought our lattes. They were absurdly served in literal bowls about as big as my face.At the end of it, she remarked that she had very much been assimilated into this community. Using the bitcoin that the community had tipped her throughout the week, she took about 50 or so of them out to a sushi dinner, an 8-something BTC meal that, in a few years, would have been worth an Ivy League education. When I lived on Bitcoin in 2013, I treated a bunch of strangers to a sushi dinner that cost 10 bitcoin. At current valuation, that was a $99,000 sushi dinner!— Kashmir Hill (@kashhill) November 28, 2017 The crypto community in 2013 was devout but scant, and so were the places Hill could spend bitcoin. Her entire experience was punctuated by a sense of getting by. This is best encapsulated by the final line of her 2013 series: “I survived.”I compared notes with her about what I foresaw as being my biggest obstacles for the week, making mental notes to see if I could do more than “survive” and if 2013 might have actually been an easier year for the experiment.As our conversation came to a close, Hill left me with a nugget of advice that I’d adopted as a mantra for my own iteration of the experiment.“Don’t make the focus about yourself. Make it about other people, who the experiment allows you to access.”Leaving La Boulangerie, I took an Uber back to the conference venue, where I made arrangements with Jeremy Gardner to visit a new project he’s working on and, of course, tour the infamous Crypto Castle.We had a tight time frame; he was leaving for Park

a month ago

@DogsPickApples @BitcoinMagazine GIve us some time and buyin...

@DogsPickApples @BitcoinMagazine GIve us some time and buying bread for crypto will be real. You can already make p… https://t.co/wX2tTJkkK4

a month ago

Binance will have ‘at least one new token launch every month’ on its redesigned token platform

Binance, the largest cryptocurrency exchange, is relaunching its token sale platform Launchpad, the firm announced Thursday. The Launchpad platform originally went online in August 2017 and facilitated two token sales — BREAD and GIFTO — in the midst of the ICO mania at the end of 2017. BREAD raised $6 million, whereas GIFTO raised $3.4 million. Both sold out in seconds, according to the firm. The platform has been redesigned from the ground up to allow for more engagement with project teams and it will aim to “help blockchain projects raise funds and increase their reach across the crypto ecosystem,” according to Binance. It’s noteworthy that Binance is relaunching the platform given the state of the token sale market. Data from Autonomous NEXT shows ICO fundraising fell to $300 million in September of last year from an all time high of about $3 billion in January 2018. Billionaire Mike Novogratz, head of Galaxy Digital, recently went as far as to declare the ICO market dead. His firm closed its ICO advisory unit in 2018. Still, Binance is going through with the relaunch of its token sale platform. In addition to having access to Binance’s 10 million users, clients will be able to utilize Binance’s advisory services aimed at assisting firms with “developing their product and increasing adoption.” Binance will advise projects on token allocation, governance structure and other aspects. Still, prior to any project’s sale, it must pass Binance’s “rigorous token listing review process” that includes mature-stage project development, readiness for large-scale adoption, a strong and committed team as well as having the potential to benefit the crypto ecosystem as a whole. Not all Binance users can participate in the token sales though as there are 29 countries — including United States, China — that will not be able to participate. Users that wants to participate in a sale must complete an account verification. The tokens will be available for purchase in Bitcoin, Ethereum, Binance Coin and potentially other cryptos. Launchpad will have “at least one new token launch every month in 2019.” It is starting with sales for BitTorrent and Fetch.AI. Frank Chaparro contributed to this report. The post Binance will have ‘at least one new token launch every month’ on its redesigned token platform appeared first on The Block.

2 months ago

Binance Serves The Filet Mignon Of Token Platforms

Crypto exchanges are busily competing for entrepreneurial talent. On the 10th birthday of the Bitcoin genesis block, Binance is raising the standard for new coins. Binance Launchpad is the exchange’s new token sale platform, and the plan is to support, borrowing a phrase from Blockchain Capital’s Spencer Bogart, the “creme de la crypto.” The idea, according to the announcement, is to build a “healthier token launch market,” to replace the ICOs whose standards were closer to Taco Bell than to filet mignon. Binance Launchpad will unveil new tokens at a pace of one or more per month. It already has a couple of token sales under its belt, including Bread and Gifto. But they appear to be having a second grand-opening; noticeably missing from the announcement is any reference to an ICO. To start 2019, Binance Launchpad will host token sales for Tron-powered peer-to-peer file-sharing project BitTorrent (BTT) and Fetch.AI, an artificial intelligence-fueled blockchain network. Binance CEO Changpeng Zhao already has a budding friendship with the Tron CEO, and now their companies are teaming up, too. Excited to unveil our new token BitTorrent $BTT and its crowdfunding on #BinanceLaunchpad!! The @BitTorrent token is the first of many steps towards achieving mass adoption of a truly decentralized internet. Come to #niTROn2019 for more info 😉 @binance https://t.co/PwQZuYRKN2 — Justin Sun (@justinsuntron) January 3, 2019 The Binance CEO wrote in a blog post: BitTorrent is a decentralized project by nature, with a large user base, that is now adding a new token economy to their use case. Through Launchpad, BitTorrent will have greater access to resources across the Binance ecosystem. This will be a case study for existing projects. If you want to participate in the BitTorrent or Fetch.AI crowdsales, Binance Launchpad will be your only option. But Binance Launchpad is open to accepting other cryptocurrencies such as Binance Coin, bitcoin and Ethereum based on the payment methods accepted by the coin issuer. Crowdsale 2.0 Is Here The platform means more competition for blockchains like Ethereum, which built half of its business model around ICOs. It’s also a reflection of the changing landscape on the heels of the SEC’s crackdown on unregistered security tokens. Binance has taken on the task of cleaning up a token sale market muddied by failed projects and recent regulatory actions. Rather than sit idly by and watch the market for blockchain startups dry up along with any hopes for mainstream adoption, Binance hopes to create a higher standard. The company boasts a “rigorous vetting process to select projects that are compliant, have strong teams and products for large scalability and benefit the global cryptocurrency community.” Clearly, they are trying to avoid the next scam or even flop for the sake of the community. If anyone stands a chance, Binance, whose trading volume in the last 24 hours hovers at $661 million, has a fair shot. They’re targeting “high-quality token projects” and in return will provide the security and visibility that the Binance brand has to offer, as millions of exchange users will be informed about new coins. We are lifting off with two projects which have strong existing teams and products: Fetch.AI and BitTorrent. Both projects are bringing real use cases to the industry, which will help bring crypto adoption to users around the world. Binance Launchpad picked a busy day to go live. In addition to the 10th birthday of Bitcoin’s genesis block, Jan. 3 also marks the first proof-of-keys event. With all eyes on crypto exchanges, CZ has triumphantly tweeted that Binance has experienced more deposits than withdrawals. The author is invested in digital assets, including bitcoin which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Binance Serves The Filet Mignon Of Token Platforms appeared first on Crypto Briefing.

2 months ago

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin

Cointext’s SMS bitcoin cash wallet is now available in the Philippines and we’ve got the details below. Also in The Daily on Friday, the first Mimblewimble coin has been launched by Beam and crypto exchange Binance reintroduces its platform for token sales, Launchpad, which will host the Bittorrent token generation event. Also read: New York Establishes Crypto Task Force, Novogratz Buys More of Galaxy Digital Cointext Services Now Available to Filipinos Cointext, a platform that enables users to transfer cryptocurrency offline using simple text messages, has launched its service in another new market. The SMS bitcoin cash (BCH) wallet is now available in the Philippines, a country with a population of over 100 million people and a large diaspora around the world. The Cointext wallet allows anyone with even a basic mobile device that supports text messages to send electronic cash to other phone numbers or BCH addresses. What’s more, to receive the money, the recipients don’t even need to download a wallet, install an application, set up an account or have access to the internet. These features are behind Cointext’s growing popularity in countries where modern smartphones are available to a small portion of the population and the majority of telecom subscribers still use traditional mobile phones. Cointext also appeals to residents of countries that receive a lot of remittances from abroad, from Brazil to Romania. “The ability to send value over SMS is tailormade for the Philippines,” said Cointext founder and CTO Vin Armani, as quoted by Prweb. “Remittances are a big part of the economy and Filipinos are already big adopters of cryptocurrency, especially bitcoin cash.” Armani added that the country has many cryptocurrency exchanges and that “makes using cryptocurrency for remittances a no-brainer” as it allows easy conversion to local fiat, the Philippine peso. With Cointext, Filipinos will also be able to make cross border transfers at much lower costs, in comparison with traditional services. With the addition of the Philippines, the number of markets where Cointext is currently available grows to a total of 39. New users in the country can get a Cointext wallet by texting START or SIMULAN to the access number 639221101037. Mimblewimble Coin Beam Launched On the 10th anniversary of Bitcoin’s genesis block, a new privacy-oriented coin based on its blockchain was launched. Beam, which is issued by an Israeli startup, uses Mimblewimble, a protocol that was originally developed in 2016 with the aim of both improving the scalability of the Bitcoin network and increasing the privacy of its users. Its developers eventually concluded they needed to create a separate Mimblewimble cryptocurrency. Another project called Grin was the first to start work on a crypto utilizing the protocol. However, Beam became the first to attract venture capital financing to issue a Mimblewimble coin. Grin is now scheduled to launch in mid-January, as news.Bitcoin.com reported last month. According to an announcement on Medium, Beam’s mainnet release contains the following components for Linux, Mac, and Windows devices: desktop wallet app that includes a CPU miner node, CLI wallet and Beam node. A standalone Opencl miner and a standalone Cuda miner are available for Linux and Windows-based systems. Binance Launchpad to Host Bittorrent Token Sale Binance, currently the largest cryptocurrency exchange by daily trading volume, is reinstating Launchpad, its platform dedicated to token sales. Launchpad was initially introduced in August of 2017 with the Bread and Gifto sales. The exchange has just announced that Binance Launchpad will be featuring new projects in 2019. According to the release, Launchpad will start with two projects: Bittorrent and Fetch.ai. “Further announcements for each upcoming project launch will be made in the coming weeks,” the exchange added. Verified Binance users will be able to buy the tokens using bitcoin core (BTC), ethereum (ETH) and binance coin (BNB). Residents of the U.S., China and South Korea won’t be able to participate due to regulatory restrictions. Bittorrent recently announced its new digital coin which will be offered through a token sale conducted on Binance Launchpad. The Bittorrent token (BTT) will be based on the protocol developed by Tron, which acquired Bittorrent last summer. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock, Smartmockups, Beam. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin appeared first on Bitcoin News.

2 months ago

Binance Launchpad is Back: A New Era For ICOs?

To kick off the New Year, Binance announced that it would soon be launching new token fundraising each month through its Binance Launchpad platform. Binance Launchpad is an initiative that helps blockchain projects raise funds and gain access to a more extensive network of supporters throughout the crypto sphere. In addition to offering the option to fund the project by Binance’s ten million users, Binance also assists those blockchain projects by providing advice and mentorship. As you can imagine, this application process is highly selective. For each project, Binance goes through a rigorous review process to identify factors such as relatively mature-stage project development and readiness for large-scale adoption. Binance users can access each featured projects token by merely completing their Binance account verification (to ensure token offerings are being conducted only for users passed KYC). The current batch of projects that will be launched through Binance Launchpad are BitTorrent and Fetch.AI. GIFTO. A successful Launchpad story Could Launchpad help restore faith in the ICO model? Binance Launchpad has been around for a while and did feature some successful projects in late 2017, including Bread (wallet) and GIFTO. Ever since the bear market of 2018, Launchpad hasn’t promoted any new projects. The most apparent reasons are likely because of regulation affairs along with the bear market in general and especially among the dropping ICO market. If this were the case, then the resurgence of Launchpad and the upcoming BitTorrent and Fetch.AI announcements may be an indication that Binance is regaining its trust in the ICO fundraising option. The launching of new tokens via Launchpad looks as not only a bullish sign for the overall crypto market, but also a sign that some players in the crypto space still believe in the ICO model. Ultimately, based on the success and reputation of Binance, it seems like you won’t find a better filtering process for promising ICO projects than through Launchpad. Any blockchain project that manages to go through Binance’s rigorous review process and gain their approval most likely has potential and should be paid close attention to. As always, you have to do your research before going for any investment. The post Binance Launchpad is Back: A New Era For ICOs? appeared first on CryptoPotato.

2 months ago

Will Binance's Launchpad Usher in a New Era for ICOs?

Binance recently announced that it would be supporting the monthly launch of a new token fundraising campaign through its Binance Launchpad platform. The program is designed to help blockchain startups raise funds and tap into a large network of supporters in the crypto-sector. Binance Launchpad also provides advice and mentorship to each participant and Binance users who have passed the exchange's know-your-customer (KYC) requirements can participate in fundraising rounds. At the moment, BitTorrent and Fetch.AI are listed as fundraising opportunities. Previously, Launchpad had supported the launch of Bread (wallet) and GIFTO in 2017, but no projects have launched since the 2018 bear market. Binance’s relaunch of the Launchpad program could possibly be interpreted as a bullish signal for the overall crypto-sector as it suggests Binance still believes the ICO model is still a valid fundraising option worth investing in. (RS)

2 months ago

KuCoin Delists 10 Tokens For Failing To Maintain Listing Criteria

Cryptocurrency exchange KuCoin has announced the delisting of 10 tokens under its Special Treatment Rule framework. The framework was put in place to ensure that projects meet certain criteria to remain listed. The affected cryptocurrencies are Jibrel Network (JNT), WePower (WPR), Modum (MOD), EthLend (LEND), STK (STK), Asch (XAS), Bread (BRD), BitClave (CAT), and Mobius (MOBI). Trading was halted on December 24, and withdrawals will remain open till March 21, 2019. KuCoin recently completed a $20 million Series A funding round led by IDG Capital, Matrix Partners, and Neo Global Capital. KuCoin saw a volume of $23 million in the last 24 hours. (VS)

2 months ago

KuCoin to Delist 10 Digital Assets, Their Trading to Cease by the 24th of December

The cryptocurrency exchange of KuCoin has announce that it will be delisting 10 digital assets according to its ‘Special Treatment Rule’. The rule is focused on crypto projects and coins that fail to meet certain criteria according to KuCoin. Deposits of the 10 digital asset will be closed today, December 21st, at 8pm (UTC + 8). The list of affected coins is as follows: Jibrel Network (JNT) WePower (WPR) Modum (MOD) EthLend (LEND) STK (STK) Asch (XAS) Bread (BRD) BitClave (CAT) Mobius (MOBI) Bitcoin Gold (BTG) Last Day to Trade and Withdrawal Deadline The exchange also informed its customers that trading pairs associated with the 10 digital assets will be closed on the 24th of December, at 6pm (UTC + 8). Users of the platform are advised to cancel pending orders related to the digitial assets as soon as possible. Withdrawals of the affected cryptocurrencies, will continue to be supported until March 21st, 2019, 6pm (UTC + 8). Users are advised to plan ahead of time by withdrawing the affected coins before the March deadline. KuCoin’s Special Treatment Area KuCoin has what is known as a Special Treatment Area where they place projects at risk of being delisted due to the following criteria. Low liquidity for a certain period of time Struggling or ceasing business activities for 3 months The project fails to inform KuCoin of its material changes Failure of a project to cooperate with KuCoin for regular routine inspection Existence of a security issue in the project’s technology Project’s development not in line with the roadmap promised on the whitepaper, and no regular updates by the team on changes The project’s information disclosure is incomplete, misleading or untrue The project is insolvent, in the process of liquidation, bankruptcy, insolvency or similar financial constraints The project or its team member (including but not limited to founders, consultants) is under investigation for a suspected breach of or is convicted for an actual breach of any applicable laws, statutes and regulations The project carries out market misconduct such as wash trading, market manipulation or insider trading Any other situation KuCoin may deem risky for its users or platform The affected token/coin is then observed for a certain amount of time. Delisting might occur when the team related to the project, fail to take the necessary actions to remedy the situation. Recent Tokens Delisted by KuCoin A month ago, KuCoin delisted 6 other digital currencies. They were: EncrypGen (DNA), Publica (PBL), Raiden Network Token (RDN), Monetha (MTH), BlockMason Credit Protocol (BCPT) and Gladius Token (GLA) What are your thoughts on KuCoin planning to delist 10 more digital assets? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post KuCoin to Delist 10 Digital Assets, Their Trading to Cease by the 24th of December appeared first on Ethereum World News.

2 months ago

KuCoin to Delist 10 Digital Assets

The cryptocurrency exchange of KuCoin has announce that it will be delisting 10 digital assets according to its ‘Special Treatment Rule’. The rule is focused on crypto projects and coins that fail to meet certain criteria according to KuCoin. Deposits of the 10 digital asset will be closed today, December 21st, at 8pm (UTC + 8). The list of affected coins is as follows: Jibrel Network (JNT) WePower (WPR) Modum (MOD) EthLend (LEND) STK (STK) Asch (XAS) Bread (BRD) BitClave (CAT) Mobius (MOBI) Bitcoin Gold (BTG) Last Day to Trade and Withdrawal Deadline The exchange also informed its customers that trading pairs associated with the 10 digital assets will be closed on the 24th of December, at 6pm (UTC + 8). Users of the platform are advised to cancel pending orders related to the digitial assets as soon as possible. Withdrawals of the affected cryptocurrencies, will continue to be supported until March 21st, 2019, 6pm (UTC + 8). Users are advised to plan ahead of time by withdrawing the affected coins before the March deadline. KuCoin’s Special Treatment Area KuCoin has what is known as a Special Treatment Area where they place projects at risk of being delisted due to the following criteria. Low liquidity for a certain period of time Struggling or ceasing business activities for 3 months The project fails to inform KuCoin of its material changes Failure of a project to cooperate with KuCoin for regular routine inspection Existence of a security issue in the project’s technology Project’s development not in line with the roadmap promised on the whitepaper, and no regular updates by the team on changes The project’s information disclosure is incomplete, misleading or untrue The project is insolvent, in the process of liquidation, bankruptcy, insolvency or similar financial constraints The project or its team member (including but not limited to founders, consultants) is under investigation for a suspected breach of or is convicted for an actual breach of any applicable laws, statutes and regulations The project carries out market misconduct such as wash trading, market manipulation or insider trading Any other situation KuCoin may deem risky for its users or platform The affected token/coin is then observed for a certain amount of time. Delisting might occur when the team related to the project, fail to take the necessary actions to remedy the situation. Recent Tokens Delisted by KuCoin A month ago, KuCoin delisted 6 other digital currencies. They were: EncrypGen (DNA), Publica (PBL), Raiden Network Token (RDN), Monetha (MTH), BlockMason Credit Protocol (BCPT) and Gladius Token (GLA) What are your thoughts on KuCoin planning to delist 10 more digital assets? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post KuCoin to Delist 10 Digital Assets appeared first on Ethereum World News.

2 months ago

Bitcoin SV Price Hits $103 as all Markets Remain Bullish

No one will say the year 2018 hasn’t been very interesting for all cryptocurrencies. When looking beyond the price decline, the Bitcoin Cash network upgrade has caused some interesting momentum as well. More specifically, the creation of Bitcoin SV has shaken up the market, albeit there are still some concerns as to what will happen to its value. Today’s trend shows the altcoin is in a good place following a few rough weeks. Bitcoin SV Price Hits $100 Again Every single cryptocurrency or digital asset will eventually benefit from an increase in Bitcoin’s value. Bitcoin SV is no exception in this regard, as the forked version of Bitcoin Cash has spawned a fair few debates over the past month and a half. Even today, there are still some concerns as to what the future will hold for BSV as its price has looked rather bleak in the past week and a half. Bitcoin SV PriceOver the past 24 hours, however, something has changed significantly. The Bitcoin SV price has risen by over 17% in USD value and also gained nearly 9% in BTC value. That is pretty bullish, especially for an altcoin which so many people openly oppose right now. Considering how Bitcoin Cash has noted very strong gains as well, it is not entirely surprising to see the value of Bitcoin SV rise accordingly, albeit in slightly less spectacular fashion. When looking on Twitter, it seems a few interesting debates regarding Bitcoin SV are to be found. First of all, Discord is not too sure how long this entire cryptocurrency pump will last. Especially where both Bitcoin SV and Bitcoin Cash are concerned, the current market trends raise a lot of questions. The hourly charts look uber extreme bullish, which usually doesn’t bode well for the long run. #crypto market pumping again but what's happening to #BSV & #BCH is so rigged...both up nearly 10% in 1 hour although no sane mind would buy those... — Discord (@DiscordinCrypto) December 20, 2018 Bread, the most popular Bitcoin wallet on the iOS operating system, is getting a bit of flack for not supporting Bitcoin SV at this time. While that is not entirely abnormal, there are a few users who want to effectively see this new fork of Bitcoin Cash supported, just like Bitcoin Cash could- by default - be supported by all main Bitcoin wallets. Whether or not the Bread team wants to explore this option, is a different matter altogether. Add #BSV support and I'll be back using BRD wallet — Roberto Ciatti (@gekorob) December 20, 2018 A Twitter poll is never a valid metric to gauge overall cryptocurrency community sentiment. However, the recent poll by Bitcoin Polls shows there is some favoritism toward Bitcoin SV in terms of being the “real” Bitcoin. As such, one has to wonder whether or not the current BSV price trend is merely a flash in the pan or a sign of bigger and better things to come. Anything is possible in this industry, after all. Which do you think is the "real" Bitcoin#BTC #BCH #BSV #BTG #crytpocurrency #bitcoin #bitcoincash #BitcoinSV #bitcoingold #crypto #bitcoinnews #CryptoNews - Retweet for better poll results, comment for other Bitcoin forks. — Bitcoin Polls (@Cash2Bitcoin) December 14, 2018 Now that one Bitcoin SV is valued at over $100 once again, things will undoubtedly get very interesting moving forward. After all, this value has not been hit in a while, yet it doesn’t necessarily mean the altcoin will suddenly return to its all-time high of $240 either. One always has to keep their expectations in check first and foremost, although there is a genuine reason to be optimistic under the current market circumstances. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin SV Price Hits $103 as all Markets Remain Bullish appeared first on NullTX.

2 months ago

“Don’t put your BTC in Freewallet, they hold funds on you randomly”, enraged crypto user warns against using Freewallets for storage

Exchanges and wallets take the business of securing trading affairs and user tokens with utmost importance. But when these platforms fall short of expectations leading to risk in the security of user funds, these users are quick to point out these shortcomings, using their experience as a guide for other traders. In some cases, these experiences may be an anomaly, but in severe cases when these lapses have become a tradition, users declare that the services be boycotted. This is the case of a crypto trader who expressed frustrations over an identity issue that welcomes Freewallet users. The Reddit user who goes by the moniker “marsauthor” has revealed his friend’s experience with Freewallet, revealing his inability to process a transaction of 2 BTC due to ID issues. “Had a friend today call me and tell me they are holding him up for ID on a 2 BTC transaction. Stay with SV wallets like BRD and if others have suggestions for private wallets, put it here on this thread. You will see some more news on this shortly. ID for an onramp is one thing, ID for a freaking wallet is BS.” - marsauthor, reddit. Another user commented, highlighting the importance of traders understanding the real purpose of a wallet, in order to be able to discern any act of exploitation presented by businesses. “People need to start realizing what “wallet” means, and when businesses are using the term to fool people into giving up their keys.” Other users have responded to marsauthor’s post in agreement, saying that the majority of freewallet apps supporting BTC, Ether and Monero storage are scams. Some insightful comments suggested that software wallets are more likely to incur losses as they have lesser chances of making profits, as such these wallets are mostly aimed at exchanges as a top target audience. Cryptocurrency users will need to be extremely careful with their choices of wallet storages in order to manage losses in the very tricky world of cryptocurrency. Also Read Edmonton Police Report an Increase in Cryptocurrency Scams The post “Don’t put your BTC in Freewallet, they hold funds on you randomly”, enraged crypto user warns against using Freewallets for storage appeared first on ZyCrypto.

2 months ago

Why Coinbase Will List More ERC20 Tokens In the Coming Days

Only a few hours ago, crypto traders were treated to an early Christmas by Coinbase as the exchange listed 4 new cryptocurrencies on its Pro Version of the platform. The newly listed digital assets are Dai (DAI), Maker (MKR), Golem, (GNT) and Zilliqa (ZIL). The exchange went on to state that the smart contract functionality of these tokens will initially not be available. The announcement by Coinbase stated: Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform. Coinbase’s Intention to Support the ERC20 Technical Standard Across the Platform News of the addition of more ERC20 tokens does not come as a surprise to many crypto enthusiasts who were aware that the exchange had announced its plan to support the Ethereum ERC20 technical standard on the platform. A March 2018 announcement by the exchange stated the following: We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future... Prominent ERC20 Tokens Listed By Coinbase The past few months and days have seen the platform list the following ERC20 tokens: 0x (ZRX), Basic Attention Token (BAT), USD Coin (USDC), Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). This is in addition to the recently listed DAI (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL). Revisiting the List of 31 Digital Asset the Exchange Had Announced it Was Exploring Out of the 31 digital asset that Coinbase has announced it was exploring on supporting on the platform, only 6 are on their own blockchain networks. They include ADA, EOS, NEO, XLM, XRP and Tezos (XTZ). The rest are ERC20 tokens. A list of ERC20 tokens yet to be listed by the exchange are as follows. Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), EnjinCoin (ENJ), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loopring (LRC), Mainframe (MFT), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT) and Storj (STORJ) Savvy crypto traders have probably started the process of elimination to try and figure out which of the 17 remaining tokens will be next on Coinbase thus providing profitable trading opportunities. What About XRP, Stellar (XLM) and Cardano (ADA)? Based on Coinbase’s aforementioned preference to list ERC20 tokens first, it is safe to conclude that the exchange will not list the popular cryptocurrencies of XRP, XLM and ADA anytime soon. However, their is still a slight chance that the exchange might surprise us like they did when they listed ZCash. No one expected them to list ZEC before XLM and ADA. As we approach Christmas, the odds of Coinbase surprising us by listing an unlikely coin (not ERC20 token) should be considered. But we also have to be realistic based on the fact that ERC20 tokens are more likely to be listed before XLM, ADA and XRP. What are your thoughts on the possibilty of Coinbase continuing to list more ERC20 tokens? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Why Coinbase Will List More ERC20 Tokens In the Coming Days appeared first on Ethereum World News.

2 months ago

Crypto Week In Review: CFTC Dives Into Ethereum, Coinbase Integrates Paypal

As 2018 comes to close, a number of analysts expected a “Santa Claus” rally, whereas the crypto market would undergo a positive reversal in the holiday season. Yet, the value of Bitcoin, along with the altcoins it reigns over, has continued to suffer. Amid this market turmoil, this industry’s news cycle has also faltered, with discussion regarding promising product releases and institutional forays becoming a rare sight. Still, there remain many optimists that are hopeful for what’s to come in 2019. CFTC Requests For Public Feedback On Ethereum, Altcoins After over a year of hype surrounding Bitcoin (BTC) futures, as CBOE and CME launched contracts, and Bakkt unveiled plans for its own, a new contender is expected to enter into crypto’s alternative investment vehicle scene. This, of course, is Ethereum (ETH), which formerly sat at Bitcoin’s side as the second-most valuable capitalized cryptocurrency. The U.S. Commodities Trading Futures Commission (CFTC) only confirmed these rumors in the past week, as the entity made a “request for information” to the public on the matter of alternative cryptocurrencies, namely ETH. The governmental regulator wrote: “The RFI [Request For Information] also seeks to understand similarities and distinctions between Ether and bitcoin, as well as Ether-specific opportunities, challenges, and risks.” It is believed that the CFTC is seeking public sentiment and comments to precede its ruling on an ETH-backed instrument, like proposed Ethereum futures backed by CBOE. Interestingly, not everyone is convinced that futures based on Ether will be beneficial for the asset. Tom Lee, for instance, told Business Insider that ETH futures will allow speculators to push the asset’s price lower, even if the contract isn’t physically-backed. Su Zhu, the CEO of Singapore-based Three Arrows Capital, echoed these concerns, issuing a poll questioning if the advent of such a product would aid ETH. Bitcoin Friendly Square Cash Tops Apple, Google Play Store Last Saturday, Miles Suter, a prominent Bitcoin commentator, divulged that Cash App, a mobile financial services application backed by Square, had become the #1 free application on Apple’s iOS App Store, a monumental accomplishment for any startup. Although this development isn’t exciting in and of itself, the fact that Cash App (Square’s Cash) natively supports the purchase and sale of BTC is undoubtedly a fact that struck a chord with crypto diehards worldwide. Commenting on this surprising occurrence, Matt Odell, a long-time “Bitcoiner,” exclaimed that Square’s Cash, which has the stamp of approval from Twitter CEO Jack Dorsey, will be a primary catalyst behind Bitcoin’s growth in the years to come. Odell noted that the application, available throughout the U.S., is much more impactful on this budding market than a Bitcoin-backed exchange-traded fund (ETF). Just days after Square Cash topped the charts of iOS, the popular fintech program gained on the standings of the Google Play Store, Android’s go-to location for applications and content. The Jack Dorsey-backed application purportedly became the most downloaded free finance-related application on the Play Store, due to a rapid influx of downloads. Square’s flagship product now sits in front of its most notable competitors — Venmo, ranked third on the same chart, and Paypal. Related Reading: Square’s Crypto-Friendly Cash App is the Most Downloaded Financial Application on Play Store Facebook Bolsters Blockchain Division Amid Bear Market Those familiar with the matter have told Cheddar, and up-and-coming, crypto-friendly business news outlet, that Facebook has been bolstering its blockchain division, even amid the dismal market downturn. The insiders claimed that nearly 40 employees, which consist of blockchain developers and former members of Paypal’s top brass, now work within the walls of the secretive initiative. The Menlo Park-based social media giant doesn’t intend to cease its expansion efforts anytime soon, however. In recent months, as bears took hold of the cryptocurrency industry, Facebook reportedly shot representatives across the globe in a search for potential team members at industry events. Recruiters at Facebook Blockchain have also reportedly reached out to prominent crypto projects, specifically in an apparent bid to poach talent with potential. Although while Facebook evidently means business with its blockchain foray, not much is known about the spoke’s inner workings and long-term ambitions. One source, who remains anonymous, reportedly told Cheddar that the company has intentions to launch a “decentralized digital currency,” but this statement could not be confirmed by NewsBTC. Still, while such a digital asset is undoubtedly an absurd plan, as it would have to operate efficiently at scale, multiple rumors have accentuated that a token could be in development at Facebook’s new arm. Crypto Tidbits: Basis Shutters $133 Million Stablecoin Project: In an apparent sign of th

2 months ago

Interview: Alex Mashinsky on the Celsius Network, Bitcoin, Ethereum, and the blockchain’s killer app

It has been a phenomenal year for VoIP pioneer and Celsius Network mastermind Alex Mashinsky: he’s successfully launched a blockchain project which has a clear plan, is compliant, and has a well-defined use case, he’s participated some of the most important debates in the industry, and he has grown his business and influence even in the middle of a destructive bear market. Under these considerations, it made a lot of sense to invite the Ukrainian entrepreneur to a discussion about the most important developments and phenomena in the ever-bourgeoning blockchain industry. During this exclusive Crypto Insider interview, he spoke about some of the most notable events he’s witnessed in 2018, as well as his vision for Celsius. Attached you will find the first part of the interview in both video and written form. The second part contains a more in-depth analysis of the Celsius Network app, with practical examples given during a process where Vlad deposits some coins into the ecosystem. Full transcript: Vlad Costea: Hello and welcome to another Crypto Insider interview! I am Vlad and today I’m speaking with Alex Mashinsky, who is the creator of the Celsius Network as well as an innovator in the field of TCP/IP. Hello, Mr. Mashinsky! Alex Mashinsky: Hi, Vlad. Thanks for having us. Vlad Costea: So it’s VOIP not TCP/IP, right? Alex Mashinsky: It’s VOIP, but it uses TCP/IP so yes, it’s part of the protocol. Vlad Costea: Okay. So... I have so many questions to ask you right now, I’m not sure what I should begin with. But let’s talk about the way I found out about you and your activity. And it was during the Milken Institute debate, which I found fascinating. You debated a representative of the US reserve. I think his name was Macintosh. Alex Mashinsky: Yes, there were um... there was the founder of Abra which is a wallet company. Yeah, and Nouriel Roubini and we had a representative from the Federal Reserve. [1:16] Vlad Costea: Okay, so I noticed during the debate that you’re basically the first crypto socialist I ever discovered. You talk about the policy - you talk about all these issues with the world wealth and you talk about where this redistribution trick through crypto currencies and that to me was an eye opener. Alex Mashinsky: Well, so I was born in the Ukraine - so, born in communism. Grew up in socialism in Israel. Spent 30 years in the United states. I tried all three systems, you know economic systems that we have. And each one of them has its own set of problems. Obviously, communism does not work for most people, but the system has tried to create equality for everybody. Socialism is basically saying we have to have a safety net for everybody, right? So we’re going to catch anyone who is falling through the system - you know, has medical problems or anything like that. And capitalism is a system that’s very good for the 1% but not so good for the 99%. So really, humanity is struggling to come up with an inclusive system that could be acting in the best interest of the 7 1/2 billion people that are living on this planet. And I view the blockchain powered by crypto currencies as the 4th system. So it’s not that I’m a crypto socialist, it’s more that I think we can take the best ideas from the other 3 systems and create something that is for the people by the people vs people like me that got to immigrate to the US and do several start ups and be successful get to enjoy all the benefits, but most people on the planet don’t have access to these opportunities. [3:20] Vlad Costea: Do you find any ideological common ground with Nick Szabo who talks about social scalability? Alex Mashinsky: Nick is a good friend. He’s based here in New York, as well. I think he is a purist - meaning he believes that Bitcoin is the solution for everything. And, my views - I agree with him at the high level on the ideas but I think that the killer app or the blockchain that is going to enable everything that I just talked about has not yet been invented. Vlad Costea: Oh, ok. But it was much more about the idea that there are nearly 8 billion people living on this planet and the resources are very limited. He believes that blockchain and Bitcoin are going to enable a fairer and smarter distribution of resources. Alex Mashinsky: Well, fairer and smarter distribution is definitely the right thing. That, I would not say that we have limited resources. Just to give an idea we, in the US, we throw away a 1/3 of all the food we produce every year. Just throw it away because of expiration date because it wasn’t consumed on time, or because it was not eaten completely or whatever. The modern waste that the West generates, especially the US, is just colossal. We can feed the entire planet with just the waste the US is produces. [5:04] Vlad Costea: I’ve watched you debate Nouriel Roubini, who is maybe the most vocal critic of cryptocurrencies and I’ve seen you take on him during the Milken Institute debate and later during the Blockchain

2 months ago

Dutch Central Bank Takes Closer Look at Exchanges

The Dutch Central Bank, De Nederlandsche Bank (DNB) has announced its plans to impose regulations on cryptocurrency exchanges in the country in order to counter money laundering and fundraising for terrorist activities. In future, registering exchanges will need to ensure that any “unusual transactions” are reported and that exchanges’ KYC rules are tightened. The new legislation was not completely unexpected by the Dutch cryptocurrency community. The central bank has long been unreceptive to the idea of digital currency, maintaining back in November of 2017 that Bitcoin had no real worth. According to DNB regional director Petra Hielksma at that time, “If something wants to be treated as money, you have to be able to spend, save and calculate with it.” The Netherlands has been quick to find numerous worthy use cases for DLT, particularly in projects that support local communities, health, and civic pride. The larger community has been mainly positive towards cryptocurrencies too, despite the country’s Finance Minister Wopke Hoekstra proposing a ban on cryptocurrency advertising and trying to douse enthusiasm. Arnhem, near the German border, has become the country’s crypto haven, where Bitcoin can be used to buy anything from bread to beer using Bitcoin and other major currencies. Despite the DNB’s concerns about cryptocurrency, approximately 60% of the households in the Netherlands have some cryptocurrency investment. However, the DNB points to the more than USD 88 million reportedly laundered over 46 cryptocurrency exchanges around the globe during the past two years, as enough evidence that the government needs to take firmer measures with exchanges with regard to money laundering and other illegal activities. In terms of expressing a social conscience though, the nation continues to demonstrate its progressive uses for blockchain by forming partnerships with the World Bank, the UN, and the EU Forum. Earlier this year, the Dutch government announced that the Ministry of Economic Affairs and Climate Policy had created a special unit devoted to researching the ways in which blockchain technology could be harnessed to provide reliability in the area of tech development while being energy sustainable. 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 The post Dutch Central Bank Takes Closer Look at Exchanges appeared first on BitcoinNews.com.

2 months ago

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2 months ago

Bitcoin’s Tech Trends of 2018: What This Year Brought Us (Part 1)

Where 2017’s dizzying price highs embedded “hodl” into the public consciousness, 2018 was the year in which “buidl" became a trend in the crypto-industry — and Bitcoin was no exception.Anticipated in Bitcoin Magazine’s first cover story of 2018, Bitcoin’s technological progress only accelerated this year. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregated Witness adoption, rolled out the Lightning Network, released privacy solutions, realized sidechains and made progress on a Schnorr signature solution — all of which were still around the corner only a year ago. Following up on January’s cover story, 2018’s closing two-parter cover story explores how these five technologies progressed throughout the year.In part one: Segregated Witness and the Lightning Network.Segregated WitnessThe Segregated Witness (SegWit) soft fork that activated in August 2017 was arguably Bitcoin’s biggest protocol upgrade to date. Fixing the long-standing malleability bug, it better enabled second-layer protocols while replacing Bitcoin’s block size limit with a block weight limit. Transactions that utilize SegWit are partly stored in a new part of Bitcoin blocks, allowing the network to process more than one megabyte of transaction data per 10 minutes.Back in 2017, SegWit adoption was off to a somewhat slow start. By the end of the year, most wallets had not integrated the upgrade yet — and not many exchanges or other Bitcoin service providers had either. At the start of this year, less than 15 percent of transactions utilized the additional block space, and blocks barely exceeded 1.1 megabytes.Throughout 2018, however, adoption increased quite a bit, as more wallets and services implemented SegWit. This perhaps most notably included the Bitcoin Core wallet, which enabled SegWit transactions with its 0.16.0 release in March. Other popular wallets, such as Coinomi (March), Bither (September) and BRD (November) followed suit, while Mycelium is expected to roll out the feature before the end of the year. Some of the biggest Bitcoin service providers also implemented Segregated Witness in 2018, including Coinbase (February), Bitfinex (February) and Xapo (May).As an overall result, SegWit usage statistics increased to well over 40 percent over the year. Still, while about a threefold increase, this is lower than some would have expected it to be by now.“I'd say the main reason SegWit usage isn’t well over 50 percent by now is inertia,” Coinmetrics data analyst Antoine Le Calvez speculated when asked by Bitcoin Magazine. “If you didn't adopt it when fees exploded last year — either due to lack of time or other priorities — I don't think you'd support it until fees explode again, when SegWit transactions will have a clear cost advantage over non-SegWit transactions.”On top of SegWit itself, the new bech32 address format also saw its first non-trivial adoption in 2018. These addresses, that start with “bc1” instead of a 1 or a 3, are a natural fit for SegWit. Transactions from such addresses require less data to be included in a block and are, therefore, even cheaper. Several wallets — like Coinomi, Electrum and Wasabi — moved straight to this new format.The popular BRD wallet for iOS and Android did this too and, in September, even launched a campaign to further bech32 adoption: “When SegWit?”“We've always taken the stance that bech32 stood the best chance of being the gold standard for SegWit implementation,” said BRD CSO Aaron Lasher, in explaining the idea behind the initiative to Bitcoin Magazine. “The backwards compatibility of using P2SH-enabled SegWit gave the industry a much-needed jump start, but to really drive adoption, raw SegWit is the way to go.”He continued:“As one of the larger wallets, we enjoy an element of influence over the state of the network, as a non-trivial percentage of bitcoin transactions are conducted through BRD wallets. Getting wallets and other service providers to upgrade their software to interact with bech32 addresses is the goal in general, and with this initiative we're targeting them in a respectful and persuasive manner.”Perhaps thanks to the campaign, in part, and on top of SegWit adoption itself, bech32 use increased throughout 2018 as well."5.6 percent of the outputs created these days are bech32 outputs," Le Calvez said, “though bech32 outputs store only ~0.8 percent of all bitcoin, so it means that bech32 users are quite active. That could be because Coinbase and LocalBitcoins support it, and exchanges attract arbitrageurs that move money around faster. Another reason could be that, since bech32 is the cheapest way to transact, it attracts high-activity users.”All in all, Bitcoin blocks have grown along with SegWit adoption over the past year. While average numbers aren’t quite as telling (because not all blocks fill up in the first place), the typical full block today is around 1.3 megabytes. The biggest Bitcoin block to date was also mined this year,

3 months ago

Making $2,000 a Month With Cryptocurrency - Arbitrage Preparations

A lot of people want to make money with cryptocurrency. There are numerous ways of doing so, although using a combination of different methods can yield the best results. It is also a bit more time-consuming. In this series, I will personally share my preparations and portfolio changes as different options are explored. The ultimate goal is to make $2,000 a month or more from exploring these opportunities. An Arbitrage Adventure Begins As is the case with any plan to make money - or at least, attempt to do so - one needs ample preparation to be successful. In the cryptocurrency world, there is no one-trick-pony which will automatically keep yielding money. Although I am a long-term holder at heart, there has always been a desire to explore different opportunities as well. Arbitrage trading, a topic discussed on this website every day, has certainly piqued an interest in this regard. The main reason why arbitrage opportunities are of interest is easy to explain. First of all, there are always price gaps in between different currencies on different exchanges. That is the upside of a volatile cryptocurrency industry first and foremost. Second, this method does not require technical analysis. Although I intend to pursue gaining more knowledge in that regard as well, it is not the objective of this daily article series at this time. Preparation Requires Patience On paper, it sounds very easy to move funds from one exchange to the next. While that is certainly the bread and butter of arbitrage trading, one also needs funds on those exchanges in the first place. As a non-active trader, my funds sits either in a hardware wallet or pass through one exchange at most. For the time being, I am still in the process of setting up multiple exchange accounts with a balance of at least 0.1 BTC. Speaking of using Bitcoin, it remains a very cumbersome experience. It is by far the least useful option of moving money to and from exchanges right now. One transfer yesterday took over two hours to hit six confirmations. That is another problem with some smaller exchanges, as they require six Bitcoin network confirmations. Exploring other options to move money between all exchanges - such as XRP or LTC - will be explored over the weekend. The Plethora of Exchanges and KYC Procedures In the world of cryptocurrency, using an exchange is very straightforward. When dealing with multiple exchanges - a must for anyone exploring arbitrage options on an active basis - that situation is a bit more complicated. Setting up unique passwords and 2FA for every exchange account can be quite time-consuming. It is a one-time “investment” one has to make, as account security should be everyone’s number one priority at all times. For me personally, any exchange not offering 2FA should be avoided at all costs. Luckily, most platforms actively offer such an option. Another aspect to take into account is how one should complete a KYC verification process on every exchange one decides to use. This is not that big of a problem, as the same documents can be used for every platform. However, every exchange seems to request a third type of verification which is slightly different. Users are often advised to take a selfie and hold up a paper with the exchange name and their platform ID. A very positive change, in my humble opinion, although it adds to the time-consuming part as well. Even though it would, in theory, be possible to sign up for every exchange out there, it is not necessarily something to do right away. Currently, my verified exchange accounts span Kraken, Poloniex, Bitstamp, and Exmo. The current goal is to get verified on Livecoin, CEX, Gate, and Binance as well. Other exchanges may be added over time, but these all seem to be the more common platforms for arbitrage opportunities in general. There is still a lot of work to be done over the weekend. The post Making $2,000 a Month With Cryptocurrency - Arbitrage Preparations appeared first on NullTX.

3 months ago

The Daily: Kucoin Enables Credit Card Payments, Coinbase Pro Adds Zcash

Digital asset exchange Kucoin has partnered with an Israeli startup to introduce credit card payments for cryptocurrency purchases and we’ve covered it in The Daily. Also, Coinbase has added privacy coin zcash to its professional trading platform, while Okex has delisted dozens of trading pairs with low liquidity. And in Ghana, over 100,000 investors have lost millions of dollars in a coin scam. Also read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market Kucoin Introduces Credit Card Payments Kucoin has teamed up with Simplex to allow its users to buy cryptocurrencies with credit and debit cards. The Singapore-based exchange’s new service is now available in over 100 countries. Its customers can use U.S. dollars and euros to purchase bitcoin core (BTC), ether (ETH) and litecoin (LTC). Simplex is a provider of payment processing solutions headquartered in Israel. The fintech startup operates globally and has subsidiaries in the U.S., U.K. and Lithuania. Merchants using its services receive their payments from Simplex, even in the case of fraudulent chargebacks. The company already cooperates with some of the leading platforms in the crypto space, including Shapeshift and Changelly. Kucoin recently raised a total of $20 million in a series A funding round. The exchange, which started trading digital assets in September of last year, now has more than 5 million registered users in over 100 different jurisdictions. Coinbase Pro Adds Privacy Coin Zcash Leading U.S. cryptocurrency exchange Coinbase has listed privacy-centric digital coin zcash (ZEC) on its professional digital asset trading platform, Coinbase Pro. According to an official announcement, Coinbase Pro started accepting ZEC deposits on Thursday, Nov. 29. “We will accept deposits for at least 12 hours prior to enabling trading,” the company explained in a blog post, which also detailed: “Once sufficient liquidity is established, trading on the ZEC/USDC order book will start.” The San Francisco-based exchange also revealed that initially ZEC trading will be available for residents of the Unites States, excluding New York, and Coinbase Pro users in the U.K., EU member states, Canada, Singapore and Australia. Support for other jurisdictions may be provided in the future, Coinbase noted. The company will also consider adding ZEC to its consumer platform and mobile apps if there are no technical issues with trading on Coinbase Pro. Following the announcement, the price of zcash jumped by about 15 percent. At the time of writing, the coin was trading at around $88. Okex Delists Trading Pairs With Low Liquidity Okex, currently the second-largest cryptocurrency exchange by daily trading volume, announced that it’s delisting 38 trading pairs and tokens with weak liquidity and low trading volume. The decision pertains to firstblood, district0x, iconomi, santiment network and singulardtv, among other coins. The full list is available on the platform’s website. The trading pairs will be delisted on Nov. 30. Okex advises users to cancel their orders with the affected coins or the exchange will cancel them automatically and credit the assets to the trading accounts. Okex customers holding a number of tokens — VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT and MAG — have been asked to withdraw them to other cryptocurrency platforms before Dec. 14. Investors in Ghana Lose $27M in Coin Scam More than 110,000 Ghanaians have been reportedly defrauded in a scheme involving cryptocurrency investments. According to local media, Kwaku Kumi and David Opatey — executives of an entity called Global Coin Community Help (GCCH) — have been arrested and interrogated by the country’s Economic and Organized Crime Office. Both have been released on bail, however. The swindled investors lost an estimated 135 million Ghanaian cedi, or roughly $27 million, the Ghanaian news outlet Daily Graphic reported. According to investigators, GCCH accepted deposits without a license from the Bank of Ghana. The company promised to pay customers a monthly interest rate of 27 percent for a period of one year. Unable to pay the high interest rate, the fraudsters later offered to compensate the investors with digital coins traded on an exchange called Mintcrtx. When their deposits were converted, the tokens were valued at 20 Ghanaian cedi per coin, but their price has since dropped to only 2 cedi. Police found that the trading platform is owned and operated by GCCH. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Kuc

3 months ago

The Difference Between Custodial and Noncustodial Cryptocurrency Services

Since the Bitcoin Cash (BCH) fork occurred recently, it’s a good time to discuss the difference between custodial and noncustodial cryptocurrency services. Newcomers to the digital asset economy often get confused when they hear about a blockchain split and may wonder how they should handle the outcome. Individuals should note that the best solution depends greatly on how they prefer to store their cryptocurrencies - in a custodial or noncustodial wallet. Also read: Follow This Branch: A Guide to Splitting BCH and BSV Third Party and Sovereign Control Over Private Keys If you have just joined the cryptocurrency space, you might find some parts of the ecosystem confusing. One of the most important lessons to learn is the best way to keep your assets safe and secure because no one likes to lose money. In the early days, around eight years ago, there were very few service providers offering wallets and exchanges. But now there are hundreds of wallets and exchanges offering a storage solution for cryptocurrencies. What some digital currency newcomers may not understand is that there is a big difference between custodial and noncustodial services. The recent Bitcoin Cash fork is a good example of why people should understand the differences between both systems. Custodial Wallet Services Custodial cryptocurrency services include most exchanges, brokerage services, and platforms that allow you to buy, sell, and store digital assets. A custodial business is basically a third party that offers to protect your assets within their system. People who store digital assets with a third party need to understand that they are not 100% in control of their cryptocurrencies. Coinbase is a great example of an exchange and brokerage service that also allows people to store digital assets within their wallet system. When you download the Coinbase application that allows purchases and sales, you’ll note that it is described as “the world’s most popular cryptocurrency wallet.” Therefore it’s safe to assume some users may think the application is a noncustodial wallet, but that isn’t the case. For example, with the last hard fork, Coinbase and a multitude of other third-party services paused customers from sending and receiving BCH to their wallets. Noncustodial wallets were 100% operational before, during, and after the hard fork, because these kinds of wallets are not controlled by a third party. In another instance, Coinbase explained to their customers that BCH wallets had been recently enabled and that in the future they will disperse BSV funds. In essence, this means that if you stored BCH on Coinbase before the fork you must wait for them to allow you access to the BSV tokens that were once tethered to your BCH. So the third party services that have re-enabled BCH transactions have split the coins stored there already, enabling you to transact once again with BCH without worrying about a replay attack or sending two types of coins. However, one of the most important slogans within the cryptocurrency community is “If you don’t possess your private keys you don’t own bitcoin.” And this is true for any cryptocurrency held on an exchange or custodial wallet, as that third-party service is in control of your coins to a large degree. Examples of custodial services include Kraken, Coinex, Bitstamp, Poloniex, Bittrex, Bitfinex, Binance, and the myriad of other trading and brokerage service platforms that also offer storage. Noncustodial Wallet Services That Give the User 100% Control Noncustodial wallet services are platforms that allow users to possess their private keys. The application will either give you a file or have you write down a mnemonic phrase that can consist of 12-24 random words. A platform that provides users with the ability to store a cryptocurrency’s private keys gives the user 100% control over the funds. If you possess your private keys, you wholly own bitcoin or any of the other 2,000+ cryptocurrencies in existence. Understanding private keys is important to financial sovereignty. So moving back to the BCH hard fork example, if you held pre-fork bitcoin cash in a noncustodial wallet, this will have allowed you to have complete ownership over your BCH and BSV. Noncustodial wallets include the Bitcoin.com client, BRD, Blockchain, BTC.com, Electron Cash, Copay, Jaxx, Coinomi, Edge, and many more because these platforms give users the ability to store their own private keys. An example of an Electron Cash mnemonic phrase or private key. Individuals using these types of user-controlled wallets had the ability to split their BCH and BSV right after the split happened. Because individuals store their funds in a wallet they have sovereign control over, they are 100% responsible for the safety and security of the keys. Noncustodial wallet owners also need to split their BCH on their own, unless the wallet software offers a native splitting solution within the client. This means that if a user sends some BCH wit

3 months ago

OKEx Delists Another 49 Trading Pairs, Withdrawal of 26 Affected Tokens To Close by December 14th

Earlier today, the popular cryptocurrency exchange of OKEx announced that it was delisting another batch of trading pairs. This is after it just delisted over 50 trading pairs this past October. The delisting is to create a robust trading environment and offer the best trading experience for users. The affected trading pairs have been found by the exchange as having weak liquidity and low trad volume. The list of affected pairs can be found below. Ticker Name of project Affected trading pair(s) 1ST FirstBlood USDT AMM Micromoney USDT ATL ATLANT ETH AVT Aventus BTC BRD Bread ETH CAG Change USDT CBT CommerceBlock BTC CIT Carinet BTC, ETH, OKB DAT Datum BTC, ETH, USDT DENT DENT BTC, ETH, USDT DNA EncrypGen USDT DNT district0x USDT EVX Everex ETH GNX Genaro Network USDT ICN Iconomi USDT KEY Selfkey USDT LA LAToken ETH LEV Leverj BTC, ETH, USDT MAG Maggie USDT MTL Metal BTC, ETH MVP Merculet BTC NGC NAGA BTC OAX OAX USDT OST Simple Token BTC QVT Qvolta USDT RDN Raiden Network Token BTC REN Republic Protocol ETH, USDT REQ Request Network ETH RNT OneRoot Network BTC SAN Santiment Network Token USDT SHOW Show BTC SNGLS SingularDTV BTC, ETH SPF Sportyco USDT SUB SubStratum BTC TRA Travel USDT UKG Unikoin Gold ETH VEE BLOCKv ETH WRC Worldcore USDT Delisting to Be On November 31st, 2018 OKEx stated that the above pairs will be delisted at 5:00am (UTC + 1) on the 31st of November this year. Users are advised to cancel their orders before the set time. All orders that will be active and related to the affected pairs at the time of the delisting, will be automatically canceled and the system will credit them to the trading accounts of the users. Withdrawals of 26 Affected Tokens Supported Till December 14th, 2018 OKEx goes on to state that withdrawals of 26 of the affected tokens will only be supported till 5am (UTC + 1) on the 14th of December, 2018. The exact statement listing the affected tokens is as follows: For users who are holding VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, or MAG, please withdraw your tokens immediately to other platforms or to your wallet. The withdrawals of the above token will be closed from 05:00 Dec 14, 2018 (CET). The delisting of the trading pairs is in line with the exchange’s guidelines. What are your thoughts on OKEx delisting the trading pairs and the subsequent announcement of only supporting withdrawal of 26 tokens affected tokens till mid December? Please let us know in the comment section below. The post OKEx Delists Another 49 Trading Pairs, Withdrawal of 26 Affected Tokens To Close by December 14th appeared first on Ethereum World News.

3 months ago

US State of Ohio Accepts Bitcoin for 23 Types of Taxes

The U.S. state of Ohio has set up a cryptocurrency payment portal and reportedly starts accepting payments in bitcoin for 23 types of taxes this week. “Ohio has become the first state in the United States, and one of the first governments in the world, to accept cryptocurrency,” the Treasurer’s Office wrote. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Ohio Accepts Bitcoin for Tax Payments The office of Ohio Treasurer Josh Mandel has set up a cryptocurrency tax payment portal at Ohiocrypto.com. The website explains that businesses do not have to be Ohio-headquartered to pay their taxes in cryptocurrency, adding: Under the leadership of Ohio Treasurer Josh Mandel, taxpayers are able to pay their state business taxes with cryptocurrency for the first time anywhere in America. Ohio has become the first state in the United States, and one of the first governments in the world, to accept cryptocurrency. “Beginning this week, Ohio businesses will be able to go to the website Ohiocrypto.com and register to pay everything from cigarette sales taxes to employee withholding taxes with bitcoin.” the Wall Street Journal reported on Sunday. “Eventually, the initiative will expand to individual filers.” 23 Eligible Types of Taxes According to the Ohiocrypto website, cryptocurrency can be used to pay for 23 types of taxes. Eligible taxes are 911 wireless, cigarette / other tobacco products, commercial activity, consumer’s use, direct pay permit, financial institution, interest on lawyers trust accounts, international fuel tax agreement, kilowatt hour, motor vehicle fuel, municipal net profits, municipal tax electric light & telephone, natural gas distribution, non-resident motor vehicle sales tax, pass-thru entity tax, petroleum activity, premium insurance tax, public utilities tax, sales tax, seller’s use tax, severance tax, streamlined sales tax, and withholding tax. Josh Mandel. The Ohiocrypto website also outlines the benefits of paying with cryptocurrency. Firstly, it is “quick and easy” for taxpayers, the website claims. There are three steps to follow: registering on the website, entering tax payment amounts and tax period dates, and then using “your compatible cryptocurrency wallet to pay the invoice with bitcoin.” Secondly, payments are tracked in “real-time on the blockchain.” Thirdly, they are secured as “Cryptocurrencies cannot be transferred to third parties without user initiation,” the site notes, adding that transparency is another benefit since “anyone can view all transactions on the blockchain.” Furthermore, there are mobile options allowing taxpayers to make payments on their phones or tablets. The website also notes that “A minimal fee is charged to confirm transactions on the blockchain network.” Bitpay and Compatible Wallets Regarding which cryptocurrencies are accepted, the Ohiocrypto website clarifies, “Taxpayers can currently pay their taxes with Ohiocrypto.com in bitcoin,” adding “the Treasurer’s office looks forward to adding more cryptocurrencies in the future.” The state will not be keeping any bitcoins, however. The Treasury’s Office emphasizes: At no point will the Treasurer’s office hold cryptocurrency. Payments made on Ohiocrypto.com, through our third party cryptocurrency payment processor partner Bitpay, are immediately converted to USD before being deposited into a state account. Bitpay usually processes both BTC and BCH payments. However, BCH payment processing is unavailable at this time due to the Nov. 15 hard fork of the BCH network. “Bitpay has temporarily paused bitcoin cash payment processing until we determine that customers can pay safely,” the company wrote. In general, to pay taxes using either BTC or BCH, taxpayers need to use compatible wallets which both the Ohiocrypto website and Bitpay have listed. Compatible wallets include Bitpay’s own wallet, Copay wallet, Btc.com wallet, Mycelium wallet, Edge wallet (formerly Airbitz), Electrum wallet, Bitcoin Core wallet, Bitcoin.com wallet, BRD wallet (breadwallet), and Electron Cash Wallet. “First, select the cryptocurrency you’d like to pay in from the drop-down and select either bitcoin or bitcoin cash (currently unavailable at this time),” the payment instruction on the Ohiocrypto website reads. The website further describes: Our third-party cryptocurrency payment processor locks an exchange rate (USD to BTC or BCH) for 15 minutes. If you do not submit your payment within 15 minutes, then you must restart your transaction - which will include an updated exchange rate. What do you think of Ohio accepting bitcoin for tax payments through Bitpay? Let us know in the comments section below. Images courtesy of Shutterstock, State of Ohio, and Bitpay. Need to calculate your bitcoin holdings? Check our tools section. The post US State of Ohio Accepts Bitcoin for 23 Types of Taxes appeared first on Bitcoin News.

3 months ago

Zimbabweans Use BTC to Pay for Food Hampers Amid Foreign Currency Crisis

Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system. Also Read: Ivy and Hiveex Launch Ivypay to Facilitate Consumer Bill Payments in Australia As Prices Spiral, Study263 Helps Zimbabweans Import Food Using Bitcoin The southern African country of Zimbabwe, which adopted the U.S. dollar after abandoning its currency at the height of hyperinflation in 2009, is gripped by a shortage of foreign currency which has seen prices of imported goods spiral in recent weeks. Some supermarket shelves have emptied as shoppers panic buy, stocking up on essential goods such as mealie meal, beef, bread and cooking oil in fear of a return of the 2008 food and prices crisis. Until recently, fuel was in short supply, and basic foodstuffs remain scarce or are priced out of reach of ordinary people. Tinashe Jani, co-founder and chief executive officer of Study263, told news.Bitcoin.com that the idea was conceived early October, “when colleagues and family in Zimbabwe started complaining of shortage of basic commodities as prices increased daily.” At the time, for example, the price of cooking oil moved from $3.20 to $20 per two-litre bottle, if available, he said. “Our regular customers for sending money back home started hinting that the money they are sending isn’t buying much any more and that if only they could send groceries with someone they trust,” said Jani, whose company was founded in 2017, initially to help Zimbabweans studying abroad pay fees with ease using cryptocurrency. Around mid-October, Study263 tested out the market and received a positive reception. People suggested what grocery items they would want included in the hampers, which are designed to cater for different types of family setups according to income levels. “We analyzed other players in the market and realised our strength was in our acceptance of all forms of payment, including bitcoin,” Jani stated. ‘We have the mini blue, blue and mega blue hampers, which contain the most basic food commodities. The red hamper caters for toiletries and the purple hamper caters to those who want the more expensive products,” he added. South African Imports Driving Trade The goods are imported from neighboring South Africa before they are delivered to the buyer’s home within 10 days of payment. A deal by Study263 with a Harare-based logistics company ensures safe delivery. To make payment in BTC, shoppers typically send the bitcoin equivalent to a given address, which the company converts to fiat to facilitate purchase of the product on order. Jani said customers have slowly been coming on board since the service was launched earlier this month. Study263 will have to pay taxes on imports. But the waiver on import licenses announced by the Zimbabwe government a few weeks ago allows the company to operate without one. The import licenses suspension - enacted as part of efforts to ease basic food shortages - gives holders free funds to bring in a select number of goods from other countries license-free. “Our hampers are selected from a variety of shops to ensure affordable pricing. They are also flexible to allow other customers to pick and drop items,” Jani detailed. “In terms of payment, our packages are pegged against the U.S. dollar and upon need to transact we convert to whatever the client wants to use to pay, from Paypal, cryptocurrency and Ecocash.” Bitcoin Payments Catching on in Africa Cryptocurrency may be banned in Zimbabwe, but bitcoin is helping ordinary folk make payments bank-free. It makes for a great fit for the more than 10 million Zimbabweans who lack access to basic banking services. And it’s even more beneficial to the banked few, a distrusting lot, who are keen to protect their savings against bank failure, inflation or even political turmoil. Bitcoin is also being used to pay for TV subscriptions (a service offered by Study263) and accommodation rentals. But above all, it is looked at more as a store of value against fiat currency devaluation, rising inflation and policy uncertainty, as is the case is across much of Africa. In east Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash transfers cheaper and in Ghana some small businesses have started to accept payment in BTC while basic services like buying mobile phone airtime and data can also be done using the digital currency. What do you think about the Study263 initiative? Let us know in the comments section below. Images courtesy of Shutterstock. The Bitcoin universe is vast. So is Bitcoin.com. Check ourWiki, where you can learn everything you were a

3 months ago

Blockchain Birds Are Coming This Thanksgiving, Complete With ID

This Thanksgiving, 600,000 turkeys in the US are being delivered with a difference, as blockchain technology lends a hand. Americans eat an estimated six billion pounds of turkey meat each year according to the US National Turkey Federation. Thanks to the Honeysuckle White Traceability Program, some of the 45 million Turkeys eaten this Thanksgiving, and a further 22 million consumed over the festive season, will be delivered as fully traceable birds from pen to oven, courtesy of DLT. The company responsible is Cargill, one of the nation’s biggest suppliers of turkeys, based in Minnesota and founded in 1865. This year, the company has decided to go hi-tech and utilize blockchain in order to trace its birds from 70 contracted individual family turkey farms in Missouri and Texas. The new blockchain traceability program will track around 600,000 Honeysuckle white hens which will eventually find their way into major stores such as Walmart, Kroger, Safeway, and Amazon. To promote the programme, a TV ad will explain the process of tracking the turkeys. Cargill’s Debra Bauler explained: “Each Honeysuckle White turkey will have an identification code, which can be entered into a website that will guide the consumer to the specific farm that raised that exact turkey... And from a technology perspective, it represents the complete digitalization of the supply chain. We feel that both are long-term competitive advantages for our product.” The idea is to link consumers to the farmers that raised the birds in an attempt to set a precedent for the future in terms of supply chain transparency and supplier product accountability. Fox Business Network commentator suggests that using blockchain solutions for supply chain management in this way may well become the industry norm: “The average consumer of tomorrow will come to expect that they have full access to where the wheat in their bread was grown, what were the conditions of the cow that provided the milk in their ice cream, and who picked the grapes in their glass of Pinot. The Honeysuckle White traceability program is a watershed moment in the retail food industry.” Participating farmers have been highly motivated by the programme and suggest that projects such as this will equip consumers with another way of looking at the production of the food which arrives on their tables. Participating farmer Sharon Albertson, who’s been supplying Cargill with turkeys for over 20 years, maintains, “Now, consumers can see how hard we work and all the effort and care that goes into getting that bird to the Thanksgiving Day table.” French supermarket chain Carrefour recently introduced blockchain technology into a data system allowing shoppers in Auvergne, Southern France, to get a full detailed history of chickens on sale in their stores. The system offers a record of the chickens’ life from egg to supermarket. Shoppers can use a smartphone to scan in a code on the packaging to obtain details on each stage of production, including origins, earlier location, feed and where the meat was finally processed. 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 The post Blockchain Birds Are Coming This Thanksgiving, Complete With ID appeared first on BitcoinNews.com.

3 months ago

I Built An Ethereum Classic DApp In 40 Minutes

I have a soft spot for Ethereum Classic (ETC). I’ve been in regular contact with some of the project’s key developers since the summer when, to the surprise of many, ETC was listed on Coinbase. After two years of wandering in the wilderness, things finally started going right for a project that held the immutability of the blockchain as scripture. The Coinbase listing gave Ethereum Classic the publicity it needed to ramp up its programming efforts. In mid-September ETCDev, one of the key development companies working on the platform, released the Emerald sidechain development kit (SDK). It’s a one-stop shop, with a whole array of tools and resources needed to design an ETC dApp. The idea was to make building an Ethereum Classic dApp as easy as building a website. Projects can focus on their product, rather than the technicalities of the blockchain. “A lot of people find it hard to do dApp development,” said Stevan Lohja, ETDev’s tech writer. “Emerald means web designers don’t have to worry too much about hashing power and all the backend blockchain stuff.” When I first spoke to ETCDev about it, Lohja was on his way to San Francisco to talk to a number of developers about using Emerald. Part of his pitch was that the SDK would be far simpler and more lightweight than the other toolkits offered on other platforms. According to Zachary Belford, the Javascript developer who led the project, Emerald allows projects to set up a working Ethereum Classic dApp in minutes. “You can pick the tools and start building,” said Belford. “It’s like using WordPress or something, it’s the foundation that can be used by both novices and professionals.” But can you really build a dApp that quickly? I’m no developer, and I read code as well as I speak ancient Etruscan. But during our first chat, both Lohja and Belford said that even I could build an Ethereum Classic dApp, with their assistance, in under an hour. Challenge accepted. My own Ethereum Classic dApp So, earlier this week I called up Lohja to help build my own Ethereum Classic dApp. Lohja ran through all of the stuff we would cover, and made sure I had all the requisite programming materials. That meant setting up a Command Line Interface (CLI) and becoming familiar with functions which - like Terminal - I didn’t even know existed. Next stop, ICO. The dApp was built mostly using my Mac’s CLI. The instructions on the ETCDev website basically meant that all I had to do was copy code across. Lohja explained what all the bits meant, but I would be lying if I said I understood everything. ETCDev provides a list of instructions principally designed as a step-by-step guide for developers to quickly create a dApp. A few weeks previously Lohja’s wife, who is also a programmer but not in blockchain, built a rudimentary ETC dApp with Emerald. Lohja explained that for a well-versed programmer, dApp creation can take as little as ten minutes My own ETC dApp has a very simple function: a basic to-do list. It launched on a testnet, with a princely ‘gazillion’ ETC tokens to play with. The idea, according to Lohja, is for developers to get something up, which they can use to quickly become familiar with the basic processes. Projects can then use the list as a base to build their own dApps or start again from scratch with the programming tools provided. On my own dApp, eloquently named “To do List,” I could put a reminder on the dApp and use some ETC from the Emerald Wallet to then place my reminder on the blockchain. In all, it took me about 40 minutes to build. Is Emerald the jewel in ETC’s crown? The Emerald SDK shares multiple similarities with centralized services, like Microsoft’s Azure or Amazon Web Services. The main difference is that Emerald is free and according to Lohja, far easier to use. There’s no profile set-up or subscription fees with Emerald, which is open-source. The code is also very lean, again to help early-stage developers familiarize themselves quickly with the underlying technology. “I think one of the best aspects about Emerald is you can see the code,” Lohja said. “That’s the bread and butter for developers. If they can see the code in action, they can see how different parts work. It’s like lifting the hood of a car. They can then go about tinkering with it, understanding what they need to do to build their own dApp.” Most Ethereum Classic dApps that are currently live are to do with gambling. ETCDev hopes that lowering the barrier to entry will diversify the type of projects using ETC. They admitted that Emerald may lead to some poor quality ETC applications, but according to Belford that wasn’t their responsibility: “Of course there’s a danger that some of the projects that begin to use Ethereum Classic will be spammy, but we’re decentralized, right? It’s not for ETCDev or some self-appointed body to go about policing the blockchain.” “Decentralization gives people the sovereignty to make their own mistakes,” added Lohja. “Part of the tradeoff is c

3 months ago

Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on 10 Years of Bitcoin

As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.Ten years has invited room for undeniable change. Bitcoin has seen roughly half a dozen market cycles, spawned a secondary market of more than 2,000 altcoins and laid the foundations for a surging blockchain industry. It has evolved from the obscure interest of cypherpunks and crypto anarchists to a viable, private currency that has provided a financial lifeline to underbanked, underprivileged populations in floundering economies. There are few voices so well equipped to reflect on the changes as Andreas Antonopoulos. One of Bitcoin’s chief evangelists and arguably its most vocal educator, Antonopoulos has spent the years following his industry entrance in 2012 traveling around the world to share his knowledge on the subject. His books, which include Mastering Bitcoin, The Internet of Money, Vol. 1 and 2 and the forthcoming Mastering Ethereum, are praised as some of the space’s most thorough and informative reads.His impact on the space is something of a widely-recognized truth, one that has made him one of the industry’s most-respected and definitive thought leaders. While others were getting rich, he was enriching the community, reminding others that bitcoin is about much more than lambos and moon memes. A testament to his influence, the community rewarded him with donations amounting to about $1.6 million during the last bull run upon learning that he held little — if any — bitcoin. In the following interview with Bitcoin Magazine, Antonopoulos reflects on the metamorphosis the ecosystem has undergone, the lessons learned from these myriad changes and why, after 10 years of challenge, the ethos of Bitcoin itself has doggedly persisted.This interview is part of Bitcoin Magazine’s retrospective series for Bitcoin’s 10th anniversary. Starting from the white paper’s birthday on October 31, 2018, to Bitcoin’s launch on January 3, 2019, we’ll be publishing a series of interviews, op-eds and think pieces that reflect on where we’ve come from, where we are and where we’re going.Bitcoin Magazine: Just going straight into it, what has changed?Antonopoulos: So many things have changed. Where do I start?Back in the day, when I first got involved, this was a very small community, a very tight-knit community, a very focused community. There was a lot of commonality of purpose, and it felt very tight-knit. And I remember at the time, the main thing I wanted to explain and persuade people about was that this was bigger than payments. This isn’t just PayPal; this is bigger than that. It’s not just a payment network. And so, in order to express that, I said that it’s a platform. You’ve got to think of this not just as bitcoin but broader: the blockchain. That backfired badly. I wanted to broaden it a bit to give people vision, but what happened then, over the next three years, was that people took hold of the word “blockchain,” rammed it right over, and threw everything and the kitchen sink in there — a lot of things that have nothing to do with it. So, in four years, I came full circle and released a talk called “Blockchain vs. Bullshit,” which is my number one talk.So are you talking about the altcoin ecosystem?And even broader than that. The distributed ledger technology, private blockchain, bank-chain, business-as-usual, slap a word on it, “pretend it’s decentralized when it’s not” type of ecosystem. Trying to embrace, extend and diverge — derail even — this industry by hijacking it. Subsuming it completely. At the first conferences — even the first 2013 conference I went to — the suits had shown up and it was beginning to get that vibe. By the end of 2013, when the fourth or fifth bubble happened and the price hit $1,000, that’s when the suits really descended. So it felt like a tight-knit community and then the sharks started circling around, and they were all trying to grab a bit of this grand phenomenon and monetize your influence. And there was all of this shilly, shitty, disengenuous, fake “Hey! I’ve got a project. We’re going to revolutionize real estate, we’re going to revolutionize exchanges, we’re going to revolutionize medicine.” And most of it’s bullshit. Most of it is completely naked profiteering. So I had to turn it around and refocus it, try to figure out what is real, what is the real “killer app,” what are the real things that are happening.And did you come to the conclusion that it’s bitcoin?It’s not necessarily bitcoin. It’s about decentralized money and other decentralized things. But, of course, the core is decentralization. And money is a killer app in itself, if it’s decentralized.So that changed.The other thing that changed was that one of the things that attracts people to this space is the fact that it gives them the feeling of belonging to this kind of adventure — that goes a

3 months ago

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards

The Bitcoin.com Store has now partnered with the company Egifter. Thanks to the collaboration, Bitcoin.com Store patrons can purchase an assortment of over 300 top-branded gift cards to stores and restaurants worldwide with bitcoin cash. Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation Over 300 Gift Cards for Food, Entertainment, and Top Retail Brands Last April we re-launched the Bitcoin.com Store, revamping the entire site with the hottest bitcoin merchandise, gear, art, and hardware devices. Ever since, the shop has relentlessly added new items to the store’s vast supply of cryptocurrency-focused products. Now, on Oct. 31, in parallel with the tenth anniversary of Satoshi’s whitepaper, the Bitcoin.com Store has partnered with the gift card service Egifter in order to offer customers a wide variety of gift cards. The alliance between Bitcoin.com and Egifter will provide the shop’s visitors with the ability to purchase hundreds of gift cards with bitcoin cash. Essentially, the Egifter Marketplace has been tethered to the Bitcoin.com Store user interface and patrons can simply click the ‘gift cards’ section at the top of the screen. From there, the customer can choose from the assortment of cards and fund them with a specified amount of money. For instance, a customer could choose to purchase a Best Buy gift card in increments of between $5-$2,000. Gift cards available at the shop include popular places like Applebees, American Eagle, Dunkin Donuts, HBO Now, Macy’s, Nike, Nordstrom, Uber, Panera Bread, Domino’s and many more brands. There’s a wide variety of gift cards to choose from at the Bitcoin.com Store. After choosing a card and a desired amount of funds, the customer can simply choose another gift card to purchase or checkout. At the checkout section, the Bitcoin.com Store uses Bitpay as a payment processor so the item needs to be purchased with a Bitpay Payment Protocol compatible wallet. Following the purchase, the customer will get a virtual gift card that can be redeemed for food, entertainment and hundreds of retail brands. Spreading Bitcoin Cash Adoption One Step at a Time Blake Moore, Bitcoin.com’s ecommerce manager, explained that the partnership with Egifter gives bitcoin cash proponents a new method to spend their coins by adding more merchant accessibility. “Well over 300 cards from the world’s top brands are now available to our valued users which adds a great deal of accessibility,” Moore emphasized. The Bitcoin.com Store also has a large assortment of Bitcoin swag that can be purchased alongside the newly added gift cards. Gift cards are available for purchase today and customers can choose from a range of categories such as food and restaurants, music, movies, entertainment, electronics, sports, travel, and more groups of well-known products and services. Bitcoin.com Store patrons will still be able to purchase hardware wallets, BCH swag, t-shirts, and more gear alongside the awesome redeemable gift cards. Bitcoin.com is a one-stop destination for all things Bitcoin. Providing our visitors with the ability to spend their BCH on gift cards accepted worldwide is just another example of the many steps our site is taking towards spreading bitcoin cash adoption. What do you think about the Bitcoin.com Store collaboration with Egifter? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Bitcoin.com Store, Egifter, and Pixabay. Why not keep track of the price with one of Bitcoin.com’s widget services. The post Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards appeared first on Bitcoin News.

4 months ago

6 Unexpected Altcoin Delistings Enforced by OKEx

While it is not uncommon for exchanges and trading platforms to delist specific currencies these days, OKEx is doing things in grand fashion. The platform is removing several dozen currencies at once, all because they do not perform as expected or hoped. The following six currencies stand out a bit in this regard, as they tend to generate some buzz. #6 NAGA One of the biggest surprises on OKEx’s delisting list is how NAGA will be removed from this trading platform. NAGA Positions itself as a decentralized cryptocurrency for trading and investing. It also has the backing of Roger Ver, one of the more prolific users in all of cryptocurrency. Even so, the coin is to be removed from OKEx tomorrow. It remains available on Bittrex and Upbit, until further notice. #5 Monetha Although there has never been too much excitement surrounding Monetha, a fair few people will be surprised to see OKEx delist Monetha all of a sudden. This altcoin has dropped in market cap rankings and is almost outside of the top 400 at this stage. Losing OKEx is a big deal, as the platform offers three trading pairs for this altcoin. It will remain listed on Binance and Mercatox. #4 Bread The native “currency” of the popular iOS Bitcoin wallet Bread seemingly isn’t performing as one would have expected. Its volume on OKEx has all but dried up, and removing this currency from the exchange seems to make a lot of sense. Binance generates a lot of volume for BRD right now, thus the removal from OKEx should not disrupt the flow too much. #3 Metal Although the cryptocurrency community has built up a love-hate relationship with Metal over the past year, the altcoin is getting removed from OKEx. Although metal no longer is in the top 200 market cap rankings, the loss of OKEx can shake things up a bit. For now, this altcoin will have to rely on Binance and Upbit for its trading volume. #2 Substratum This particular altcoin is one of those currencies which generated a lot of initial excitement, yet seems to have tapered off somewhat ever since. That is not abnormal where altcoins are concerned, although Substratum will pay the price in terms of an OKEx delisting. For the altcoin, OKEx is its second-biggest market, although Binance generates over 92% of all trades on a daily basis. #1 Iconomi For a currency still in the market cap top 150, one would expect Iconomi to generate a lot more trading volume on OKEx. That is, unfortunately, not the case, forcing the exchange to delist this currency altogether. Most of this altcoin’s volume comes from Kraken and Bitsane, this OKEx’s removal will not have any real impact for the foreseeable future. The post 6 Unexpected Altcoin Delistings Enforced by OKEx appeared first on NullTX.

4 months ago


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