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Market Cap $ 3.934 MM (#507)
24h Volume $ 28.581 K
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BitSafe

Looking for new Exclusive Airdrop? We are excited to bring you the new BitSafe Exclusive Airdrop! About BitSafe BitSafe aims to provide cryptocurrency users an easy to use payment system, a payment method that will be familiar from traditional banking and modern payment apps. Not only focusing on consumers, also for businesses will it be easier to accept cryptocurrency payments for goods and services online and in store. Dean Nolan (CEO BitSafe) has worked in the Bitcoin and cryptocurrency industry since 2012 and is the CEO of one of the first Bitcoin betting websites, BetKing.io, launched in 2013. KYC update KYC is ging to play a bigger role in the near future for crypto & airdrops. KYC once with AirdropAlert's partner Civic and you will be elibile for all the exlcusive airdrop campaigns we host. You will also be KYC'd for every project that uses Civic KYC, which makes it convient for your crypto experience. Did you already complete KYC with Civic before? Simple scan the QR code for KYC and you are done! Did you complete KYC with AirdropAlert.com before? Log into your dashboard to check if you are KYC approaved. If that is a Yes, then you are all good! Airdrop Form If you click on the ''CLAIM AIRDROP'' button below to claim the BitSafe Excluisve Airdrop, it wil bring you to the Airdrop Form.

3 days ago

Willy Woo: ‘Bitcoin is balancing, I’m curious to see where everyone is at on the eve of the next breakout’

Willy Woo, an early Bitcoin investor, and popular cryptocurrency personality have reaffirmed his stance on where Bitcoin is headed in the nearest further. The investor has joined a few other analysts to reveal that although the bearish market may be in total control at the moment, Bitcoin is gathering enough momentum to enable it to attain a massive breakout. He made this known after a twitter poll which was recently conducted resulted in around 30% of individuals agreed that Bitcoin is soon to hit rock bottom, while 40% believed the market is undergoing a bearish crisis and the 30% remained undecided. Woo disclosed his stance in a tweet, saying : So 30% think the bottom is in, 40% think more bear, and 30% are undecided. People asked what I think. To me, nothing has really changed, apart from some sideways nail biting. Woo explained that Bitcoin’s network momentum still needs to climb further, in order to put a bottom to the bear market. He continued : BTC balancing, balancing, next more will be defining. Super curious to see where everyone is at on the eve of the next breakout... In agreement with Woo’s beliefs, Vinny Lingham, Ceo of Civic Key retweeted Woo’s post with a tag “I concur”. This is quite an interesting development, considering the fact that Lingham had recently engaged in a Bitcoin bet with cryptocurrency trader Ronnie Moas. In late October, the two rounded up the World crypto con in Las Vegas as Moas staked $20,000, predicting that Bitcoin is certain to hit $28,000 as a roundup price in 2019. Lingham who stood at the other end of the spectrum was quick to accept the challenge saying “I can’t lose”. Although Lingham is not Anti-Bitcoin, his response suggests that Bitcoin is in its early infancy and has not wielded enough momentum to skyrocket that far. He concluded by saying “If BTC goes that high, happy to pay it”. The post Willy Woo: ‘Bitcoin is balancing, I’m curious to see where everyone is at on the eve of the next breakout’ appeared first on ZyCrypto.

5 days ago

What Will a Financial Crisis Mean For The Cryptocurrency Market?

The founder and leader of the world’s biggest asset management firm thinks a global financial crisis is on the horizon. Larry Fink and BlackRock manage over 6 trillion dollars in assets and he thinks the rising US debt along a combination of climbing interest rates and inflation could spell disaster in the near future. Fink spoke at the Bloomberg New Economy Forum in Singapore and said that the great growth the stock market has experienced could soon slow down and cause a ripple of economic issues. “If the economy does slip because of trade imbalances or trade problems, we (could) see less growth. The problem is the deficit is very large and we’re fighting with our creditors worldwide. Generally, when you fight with your banker, it’s not a good outcome.” Interest rates were among his chief concerns. “That could be the real issue related to everything: where we have interest rates becoming too high to sustain the economy with its growth rates,” according to the BlackRock CEO. A lot of experts both inside and outside of the cryptocurrency sector think a crash could devalue the American dollar and lower its purchasing power. If the dollar takes a hit, the public will be increasingly in search of alternative ways to invest and save. CEO of the cryptocurrency exchange ShapeShift, Erik Voorhees has alluded that a financial crisis will send a rush of investors to the crypto space. “When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto.” Vorhees is not the only expert that thinks money will soon be pouring into the cryptocurrency sector. Vinny Lingham, founder, and CEO of Civic, the global blockchain ID platform tweeted that the space will have huge amounts of money flowing in soon. “More wealth will be created in crypto over the next 10 years, than over the prior 10 years. But remember, like any success story, it’s not going to be a straight line up. Keep believing and just be patient.” This tweet from @Nicholas_Merten, a popular crypto YouTuber was liked by Roger Ver and perhaps gives us a view of what Ver sees coming in the next 10 years. “From what I can analyze, crypto will have four major super cycles: Silk Road (2011-2013) Retail Speculation (2016-2017) Institutional Speculation (2019-2020) Crypto Replaces Fiat (2020-2030)” Of course, those who are already deeply invested in the cryptocurrency world will tell their followers that the space will be flourished with new money; but, when attached to a worldwide financial crisis, the proposition becomes much more frightening. The post What Will a Financial Crisis Mean For The Cryptocurrency Market? appeared first on ZyCrypto.

9 days ago

African Citizens Continues Massive Adaptation Of Cryptocurrency Despite Tax And Regulatory Issues

It is interesting to note that despite the fact that cryptocurrencies were conceived far away from the African continent, it is rapidly following in the footsteps of Europe’s Malta to become home for a handful of cryptocurrency exchanges, wallets, and tokens in their numbers. Uganda Exchange giant Binance who just launched a fiat-crypto exchange in the heart of Uganda has recently registered over 40,000 users in just a few months of its arrival. Prior to this development, 70% of Ugandan citizens were unbanked due to the rigorous process required to enable them to get registered. Excited Ugandans like Jarau Moses has repeatedly thanked the exchange for creating ease and swiftness in the system of transactions. South Africa While the 2014 South African Reserve Bank (SARB) whitepaper hinders cryptocurrencies to be considered as valid legal tenders, a recent research has shown a spike in the demand for cryptocurrency precisely Bitcoin) amongst South African citizens as more and more individuals continue to invest in digital currency. While likes of Vinny Lingham, founder of Civic coin has introduced citizens to the possible breakthrough of Blockchain and cryptocurrencies, Kenya Earlier in the year, Kenya’s Treasury Secretary Henry Rotich was given a two weeks ultimatum to decide on the regulation of cryptocurrency. Currently, there’s been no update of the Treasury’s decision, the secretary made sure to note that cryptocurrency activities have been on the rise under his nose, he also noted the value of cryptocurrency as an innovation. Following this disclosure, Sureremit, an unregulated exchange has raised $7 million through ICOs in the first half of 2018 along with a few Bitcoin ATM Machines launching in the country. Independent individuals like a “roasted meat” trader has revealed that he runs his small business through Bitcoin transactions. Counties like Djibouti, Zimbabwe and South Africa has recently launched Bitcoin ATMs. Although Nigeria’s central bank is yet to regulate cryptocurrencies, exchanges like Luno have recorded an impressive user base in terms of investment and cryptocurrency trading. The post African Citizens Continues Massive Adaptation Of Cryptocurrency Despite Tax And Regulatory Issues appeared first on ZyCrypto.

9 days ago

Vinny Lingham Expects Greater Wealth Creation in Crypto in the Coming Decade vs. the First 10 Years

Vinny Lingham, who is the CEO of blockchain startup Civic, may not have a bullish bet for market prices in the short term but he is a long-term bull. Lingham believes that “more wealth will be created in crypto over the next 10 years than over the prior 10 years.” In a tweet, he urged the crypto community to remain patient, saying “it’s not going to be a straight line up.” Lingham recently took the bearish side of a bet with Standpoint Research’s Ronnie Moas that the BTC price will hit $28,000 by year-end 2019. If it does, Lingham is on the hook for $20,000 (GT)

10 days ago

Bitcoin (BTC) Seems Primed For A Christmas Surprise

Bitcoin (BTC) has practically done nothing for the past few weeks. Recently, Vinny Lingham, the founder of Civic made a $20,000 bet that the price of Bitcoin (TBC) would not rise above $28,000 before 2020. This is a really bold statement coming from a Bitcoin (BTC) maximalist. The number of people who are still optimistic regarding a long term rise in the value of BTC/USD still remains very high. However, the fact remains that after every market cycle, the rate of growth reduces. The price cannot climb as aggressively as it has in the past. However, to think that Bitcoin (BTC) may not be able to climb above $28,000 in all of 2019 is equally hard to believe. Even if we consider that Bitcoin (BTC)’s rate of growth has reduced by half, it would still make it very possible for the price to reach somewhere above $50,000 by the end of 2019. Perhaps Vinny Lingham does not seem to believe that cryptocurrency market cycles also go through halvening. If we consider this to be the end of the correction, then it would be absolutely clear that market cycles have halved. So, if the previous cycle was 4 years long, then this cycle would take 2 years i.e. 2018 to 2020. Even if one does not believe that the correction is over yet, it is still very irresponsible to be making a bet that Bitcoin (BTC) cannot reach $28,000 before 2020. The only way that could happen is if Bitcoin (BTC) were to enter another correction. Apparently, a lot of investors and analysts still believe that Bitcoin (BTC) could follow a 2014 styled correction. Put simply, this means that the current correction will be followed by another correction, one that would see it break market structure. If we consider that Bitcoin (BTC) market cycles have halved, then we would be assuming that the extended correction has already taken place. However, if we were to assume that a 2014 styled scenario is to unfold without taking into account the effect of halving market cycles, then one would assume that the correction could last another year i.e. throughout 2019. In that case, the price would have to fall well below the $5,800 support. Apparently, most people with this view also think that the stock market is about to take a deep dive and all emerging markets are going to fall with it. While it is true that emerging markets are going to be hit badly if the stock market is to nosedive today, but the fact remains that the stock market is not ready for that yet. To think that the cryptocurrency market is going to underperform just because the stock market is overbought is a very dangerous assumption. There are still very optimistic predictions in the market that have not been retracted yet. Tim Draper and Tom Lee have both made very bullish predictions and both of them enjoy good reputation when it comes to predictions. However, recently, Arthur Hayes of Bitmex retracted his $50,000 prediction for BTC/USD and now Vinny Lingham has come out saying Bitcoin (BTC) may not rise above $28,000 before 2020. The price may take its time to recover, but we believe that Bitcoin (BTC) is primed for a Christmas surprise this year. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Bitcoin (BTC) Seems Primed For A Christmas Surprise appeared first on Crypto Daily™.

11 days ago

Civic CEO Vinny Lingham and Director of Standpoint Research Ronnie Moas Bet Over Bitcoin

The recently concluded World Crypto Con, held in Las Vegas, brought together thousands of attendees, over 100 exhibitors, and 75+ influential speakers. Among them were crypto pundits such as Litecoin Project creator Charlie Lee, Civic CEO Vinny Lingham, as well as founder and director of Standpoint Research Ronnie Moas. While speaking at the conference, Moas discussed his predictions on Bitcoin (BTC)’s performance in the upcoming years. According to Moas, “$50,000 is for 2020. $100,000 would be in the next halving, which may be in 2023 or 2024… And $28,000 is my target for the end of next year (2019).” Lingham responded to Moas’ bullish sentiment with skepticism. In the end, Lingham and Moas made a friendly bet which will see either Moas or Lingham part with $20000.(VK)

11 days ago

Civic CEO Bets That Bitcoin (BTC) Won’t Hit $28,000 By 2020

Vinny Lingham & Ronnie Moas Bet Over Bitcoin World Crypto Con, which calls itself the “first experiential conference for the cryptocurrency and blockchain space,” saw some of this industry’s foremost commentators, insiders, investors, long-time Bitcoin bulls and consumers attend its multi-day event in Las Vegas, Among the pundits in attendance was Vinny Lingham, Ronnie Moas, Maxine Ryan, and Charlie Lee, the latter of which is the creator of the Litecoin Project. During the event, which reportedly drew thousands of attendees, 100+ exhibitors, and over 75 influential speakers, the aforementioned quartet took to the main stage to participate in a live episode of the Bad Crypto Podcast. While on-air, Moas, the founder and director of Standpoint Research, chimed in, discussing his predictions for the performance of Bitcoin (BTC) in upcoming years — a widely contested and controversial topic/point of discussion in the community. Moas, who hasn’t shirked away from consulting with his crypto crystal ball in the past, stated: “$50,000 is for 2020. $100,000 would be in the next halving, which may be in 2023 or 2024... And $28,000 is my target for the end of next year (2019).” Responding to Moas’ unbridled bullish sentiment, Vinny Lingham responded with skepticism by first claiming that he “tried to prevent this bubble.” clearly highlighting his sentiment that crypto’s run-up and the subsequent crash may have been detrimental for this nascent industry. Bringing credence to his more-bearish-than-bullish claim, which may have irked a few event attendees, Civic CEO Lingham noted: “People actually thought that there was a paradigm shift. I was sarcastically tweeting in December — “oh guys this is a paradigm shift.” What do you expect people to think?... I think that this is going to be a long and cold winter... The bigger the party, the bigger the hangover.” The representative of Civic added that 2018’s bear market “isn’t even winter... it’s fall,” subsequently noting that it is unlikely for BTC to surpass $28,000 because “it doesn’t work that way.” Moas, rebutting this anti-bull sentiment, first likened crypto to the Internet pre-Netscape before pointing out that there could be a “watershed moment” for this industry that will drive adoption through the work. After some further light banter, which hopefully didn’t create any bad blood, the two were prompted to make a friendly bet. As revealed in a press release, if Bitcoin (BTC) doesn’t hit $28,000 on a “reputable exchange” come December 31st, 2019, Moas will need to donate $20,000 U.S. dollars to FreeRoss.org, a consortium working towards a stronger legal case for Ross Ulbricht, who was sentenced to life in prison for his involvement with Silk Road. If BTC hits $28,000 in the aforementioned time frame, however, Lingham will owe FreeRoss $20,000 out of his own pocket. Following his appearance on stage, Ronnie took to Twitter to express his excitement for the somewhat playful bet, restating the terms of the agreement in front of his 45,000 Twitter followers. Live from #LasVegas ... this was a blast ... I bet Vinny Lingham $20,000 that $BTC will hit $28,000 by the end of 2019 | Money goes to charity ... @badcrypto @MaxieRyan @VinnyLingham @SatoshiLite @teedubya @joelcomm @RonnieMoas @WorldCryptoCon https://t.co/xeIv0eQ2CP — Ronnie Moas (@RonnieMoas) November 3, 2018 Tommy Mustache, a self-proclaimed “crypto addict,” responded to Moas’ tweet by noting that post-bubble markets take a minimum of 2.5 years to recover, with crypto reportedly being “no exception.” And as such, Mustache and Lingham, who corroborated his claim, explained that the crypto market is unlikely to see a resurgence until 2020, if not later. Regardless, the aforementioned Standpoint Research founder remained steadfast, claiming that if a watershed moment occurs — think Bitcoin ETF approval, adoption of Bakkt physically-backed BTC futures, etc. — “the 2.5-year figure gets thrown out the window.” Title Image Courtesy of Carl Raw on Unsplash The post Civic CEO Bets That Bitcoin (BTC) Won’t Hit $28,000 By 2020 appeared first on Ethereum World News.

11 days ago

Civic CEO Bets Ronnie Moas Bitcoin Won’t Hit $28,000 by 2019

The co-founder and CEO of Civic has bet Ronnie Moas that Bitcoin won’t hit $28,000 by the end of 2019 on a “reputable exchange.” The loser will donate $20,000 to the charity FreeRoss.org. Will It or Won’t It? Bitcoin bull Moas, founder and director of Standpoint Research, took Vinny Lingham up on his bet on the last day of World Crypto Con in Las Vegas. As the first-ever World Crypto Con, the event attracted thousands of attendees, more than 100 exhibitors, and over 75 speakers. Some names present included Charlie Lee, founder of Litecoin; Charlie Shrem; and Brock Pierce. And what better way to end the conference in Sin City, famous for its 24-hour casinos, than with a bet? The bet was a surprise that was aired during the live BAD Crypto Podcast on stage. Joel Comm, co-host of the Bad Crypto Podcast, said of the bet: The event is a place where thought leaders actually put their money in their mouths, or rather where their mouth is. It’s going to be extra-fun keeping track of the price of Bitcoin over the next year, to see if Vinny or Ronnie has to pay up! No matter how it sorts out, we’re all just excited that ultimately it benefits FreeRoss.org. The $20,000 will go toward providing legal assistance to Ross Ulbricht for his role in Silk Road. Price predictions are nothing new for Bitcoin. Numbers already mentioned range from $125,000 to $1 million for the crypto asset. However, only time will tell who ends up being right. Yet, this is probably the first time that a Bitcoin price prediction has been done with a charitable purpose in mind. In this instance, though, regardless of who wins or loses, money will be donated to charity. Ross Ulbricht Best known for creating and running Silk Road, Ulbricht ran the website from 2011 until his arrest in 2013. The FreeRoss website states that he serving a double life sentence plus 40 years without parole for “non-violent charges.” It goes on to state that the double life sentence was handed down by Judge Katherine Forrest, who was “restrained by law from issuing the death penalty.” However, compared to the sentences of other Silk Road defendants, and considering Ulbricht had no criminal history, those behind Ulbricht are of the opinion that he got a raw deal. It’s a complicated case, and one that will continue until the alleged injustice is brought to rights. What do you think of the Silk Road case? Do you think Ulbricht will be freed? Let us know in the comments below. Images courtesy of Shutterstock. The post Civic CEO Bets Ronnie Moas Bitcoin Won’t Hit $28,000 by 2019 appeared first on Live Bitcoin News.

12 days ago

BTC Price Won’t Hit $28K By 2020 - Vinny Lingham Bets Ronnie Moas

As Bitcoin continues to trade in a rather narrow range, industry experts Vinny Lingham and Ronnie Moas stand on both sides of a $20,000 charity bet that BTC price won’t hit $28,000 by the end of 2019. “The Bigger The Party - The Bigger The Hangover” Speaking at the stage of World Crypto Con held in Las Vegas, Vinny Lingham, co-founder and CEO of Civic 00, and Ronnie Moas, founder and director of Standpoint Research, expressed their thoughts on the current and future state of the cryptocurrency market and its forerunner Bitcoin. Moas and Lingham shook on a $20,000 bet on the price of Bitcoin 00 by the end of 2019. Regardless of who wins, the money will be donated to the Free Ross charity - a group of supporters who work to provide legal assistance to Ross Ulbricht in the popular Silk Road case. Moas holds that the demand for Bitcoin is only going to grow stronger while the supply will be reduced and, eventually, limited. Hence, he thinks that BTC price is going to go up to $28,000 in 2019 and all the way up to $50,000 by the end of 2020. It’s also worth noting that prominent investor and owner of Galaxy Digital Mike Novogratz recently said that he thinks Bitcoin will reach $20,000 by the end of 2019. Vinny Lingham, on the other hand, has a different view on the market. According to him, companies in the cryptocurrency space are not profitable and they have to sell their digital currencies in order to pay up for expenses. He believes that there’s not enough money coming into the market and that the balance will eventually break down, causing the prices to go lower. He also noted that “the bigger the party - the bigger the hangover” and that we’ve had one “pretty big” party at the end of 2018. BTC Price is Boring...For Now Bitcoin’s current performance is far from exciting, however, with many months to go before the bet closes. While BTC 00 has marked slight gains throughout the last 24 hours, the past few months have seen record low volatility. Despite the fact that the cryptocurrency is stagnating in its most boring range since the beginning of 2017, Bitcoinist reported yesterday that indicators suggest that buyers are accumulating and that there are plenty of evidence that we might have bottomed out. What do you think of the bet between Lingham and Moas? Where do you see Bitcoin at the end of 2019? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock, Bitcoinist archives The post BTC Price Won’t Hit $28K By 2020 - Vinny Lingham Bets Ronnie Moas appeared first on Bitcoinist.com.

12 days ago

Cybervein is mentioned in this article from @forbes, alongsi...

Cybervein is mentioned in this article from @forbes, alongside #IOTA and other consensus mechanisms looking to take… https://t.co/p9RmabbT9C

14 days ago

Crypto Researcher Ronnie Moas Bets Vinny Lingham That BTC Price Will Hit $28,000 by Year-End 2019

Ronnie Moas, who is the founder of equity and crypto research firm Standpoint Research, has bet blockchain pioneer Vinny Lingham $20,000 that the Bitcoin price will "hit $28,000" by year-end 2019. The wager is for a good cause, as the funds will go toward charity. Lingham, who is at the helm of blockchain-fueled ID security startup Civic, is on the bearish side of the bet and tweeted: "I can’t lose...if BTC goes that high, happy to pay it." The BTC price is currently trading below $6,400. (GT)

17 days ago

Crypto Investment Firms Advise Buying Smaller Cap Altcoins During Bear Market

Investing in altcoins is less risky than Bitcoin during a bear market, according to crypto investment firms. New Wave Capital told Yahoo that the altcoins with smaller capitalization have tremendous long-term potential. Bitcoin, according to the San Francisco startup, could have more baggage to carry during the next bull run. Traders might feel confident about spreading their portfolio in assets with the most practical long-term goals in mind. However, the company agreed that Bitcoin is still the most resilient asset during a bear market. “In a bear market, everyone moves away from altcoins, and they go back to what has been traditionally more resilient, which is bitcoin,” said CEO Eric Campbell. “They think it’s a safer asset. But when we come back to another bull market in the future, we think people will go back to altcoins.” New Wave currently features a diverse range of altcoins in its investment portfolio, including Etherum, XRP, Bitcoin Cash, Civic, and Litecoin. The list gets assessed every quarter based on a risk survey and algorithm. Strong Use Cases While Bitcoin undoubtedly remains the king of cryptos, several altcoin projects have emerged as alternatives to the first digital currency’s technical limitation. Ethereum, for instance, serves the purpose of creating and launching decentralized apps and smart contracts on the top of a public blockchain. Monero, at the same time, offers users with full privacy, something that Bitcoin provides but partially. Nevertheless, Bitcoin is among the least affected cryptocurrencies during this year’s bearish sentiment. The coin has lost 54 percent of its value compared to its closest alternatives. Ethereum, again, for instance, has dropped 74 percent against the US Dollar this year. XRP is also down 78 percent, alongside Bitcoin Cash and Litecoin with their 82 and 78 percent losses, respectively. Combined Altcoins Market Cap | Source: CoinMarketCap.com Regardless of their weak yearly performances, these projects serve long-term goals related to blockchain’s integration into mainstream industries. Analysts rest their bullish perspectives about altcoins on a fundamental demand and supply theory. Against a limited supply, the demand for these fractionable value units is likely to go up. XRP, for instance, is proving itself to be a digital currency for cross-border transactions. It is the coin’s basic use case which, upon more adoption, could yield profits in the long run. New Wave’s co-founder Albert Cheng thinks it is the prime reason why their advisory firm is looking into more Bitcoin alternatives. “When a market is bearish, there’s a flight to quality, and that’s bitcoin today,” he told Yahoo. “But our service is intended to drive long-term thinking. And if people are holding their portfolios for a long time, I think it’s prudent to have exposure to multiple coins. True paradigm shifts take a long time.” Image from Shutterstock The post Crypto Investment Firms Advise Buying Smaller Cap Altcoins During Bear Market appeared first on NewsBTC.

19 days ago

Civic Joins Partnership With BlackRock-Backed Telecom Giant to Reach Millions of Mobile Users

Civic, a blockchain-based identity verification technology, has announced a new partnership with Rivetz, a decentralized hardware-based cybersecurity firm. Civic joins Rivetz in their partnership with Eleven Paths, the cybersecurity unit of Telefónica, one of the largest telephone operators and mobile network providers in the world. The partnership will offer next-generation, secure-identity...

20 days ago

Blockchain-Fueled Dental Startup Dentacoin Sees Double-Digit Gains as Market Turns Positive

The leading cryptocurrencies have turned positive, but Dentacoin (DCN) is one of only a handful to be up double-digits. DCN, which has a market cap of $85 million, has added 20% to its value in the last 24 hours to $0.000262 on modest trading volume. Dentacoin is a “blockchain solution for the global dental industry," and they recently partnered with blockchain-powered ID security startup Civic. Dentacoin is the first use case for Civic Connect’s secure ID technology that’s an alternative to Facebook and Google for identity verification. Civic CEO Vinny Lingham retweeted a congratulatory message to Dentacoin for being one of the top-performing cryptocurrencies since adding Civic Connect. Meanwhile, Civic (CVC) coin is up 2%. (GT)

20 days ago

Civic Joins Rivetz, ElevenPaths Partnership to Provide Blockchain-Powered Identity Verification Solutions

Blockchain identity startup Civic has joined a partnership previously formed between crypto cybersecurity company Rivetz and Telefónica’s cybersecurity unit ElevenPaths to deliver blockchain-powered identity solutions to mobile users. Civic is an identity protection and management startup founded in 2015 by South African Internet entrepreneur Vinny Lingham. The company raised US$33 million in...

20 days ago

Telefónica and Rivetz Add Civic’s Identity Verification for Mobile Users

Civic has entered into a tripartite agreement with cybersecurity protection solution company, Rivetz, and Telefónica's cybersecurity unit, ElevenPaths, to provide secure identity verification that incorporates added hardware protections for mobile users.With presence in five countries, Civic uses blockchain technology to secure and protect the transfer of personal information, while allowing people to decide how they share their information.In correspondence with Bitcoin Magazine, Steven Sprague, CEO of Rivetz, called Civic's integration into the partnership as a "pivotal step toward providing the digital identity we need in today’s world."In May 2018, Spanish telecom giant Telefónica partnered with Rivetz to develop decentralized security solutions for mobile users aimed at improving cybersecurity controls and protections for secure messaging and cryptocurrency wallets.Rivetz's security solutions will leverage the Trusted Execution Environment (TEE), a hardware vault built into mobile phones for enhanced security. These solutions will be built into smartphones and supplemented with a secured Subscriber Identity Module (SIM), provided by Telefónica. The intention is to secure the private keys of users, even if the operating system is tampered with or infected by malware.Civic's inclusion will make it possible for Telefónica's users to verify their identity in real time and separate locally stored personal information from the private key needed to sign transactions on the blockchain. Rather than having all details stored locally in one place, on the Civic App, Civic will store the private keys in the TEE, provided by Rivetz. The user's personal information will remain in the Civic App, which is protected by biometrics and high-level encryption. CEO and Co-Founder of Civic Vinny Lingham sees the partnership as “a massive step.” “Blockchain technology is transforming the way companies approach privacy and security,” he said to Bitcoin Magazine. “Our partnership with Rivetz and Telefónica is a reflection of that transformation, ensuring that digital identity and mobile security solutions go hand-in-hand.”Lingham added, “As identity information is increasingly vulnerable, we’re working with like-minded companies to create the most effective, most secure identity solutions that protect people’s privacy, without requiring their data to be collected and stored.” This article originally appeared on Bitcoin Magazine.

20 days ago

Cybervein Token Hunt winner shares his experience: ...

Cybervein Token Hunt winner shares his experience: https://t.co/g8uW0EyrEQ More Token Hunts are coming, keep tune… https://t.co/F0EDe2IQTi

20 days ago

5 Ways Governments Will Grow To Rely On Blockchain

Blockchain’s organizational power is vast and nowhere is it more applicable than in communities of disparate people. With decentralized technology encouraging better collaboration, transparent communication, and accountability, the question remains how practical blockchain can be to a traditionally centralized public sector. Blockchain was first conceived and perfected in the hands of enthusiasts and businessmen who have since tested it by applying these advantages to finance and eCommerce, for example. However, the young industry is slowing moving towards its biggest test yet. The debut of blockchain in government will demonstrate its potential to a greater degree than in any other area, and it only takes a short look at some examples being designed today to understand why. Driving Citizen Participation in Government Blockchain is safer and more authoritative for providing and authenticating individual identities online due to its cryptographically secure public and private key system. The model verifies wallet addresses between Bitcoin transactions, but someone’s ID can also be a unique value in any blockchain. Moscow has already registered its residents on the blockchain this way, assigning each individual a secure blockchain ID that they can use to vote on municipal issues. Called the Active Citizen project, Moscow residents are using the blockchain to determine the best names for streets, which neighborhoods need a playground, and other issues that require a community voice. Optimize Energy Distribution The collection and dissemination of energy, as well as the maintenance of the energy grid, are some of the most vital public concerns. If blockchain is capable of creating a more sustainable decentralized model for finance, it’s only logical that the same idea applies to better energy distribution between people as well. Governments are now working with blockchain innovators such as Eloncity, a company that has built a blockchain-based marketplace of energy between people. The startup’s chain organizes a network of homes and businesses with solar installations and smart batteries, who can each share and trade in the energy they collect between them. Member homes in an Eloncity self-sufficient micro-grid can tap into the shared source of local power between others in their network and always have the most transparent and accurate prices. Energy is denominated in ESS tokens that are also rewarded for contributing power. Such a cost-effective solution will increase the scalability of renewable energy solutions and reduce the financial drain of energy delivery on the state. Public Services Registering a new business with the correct jurisdiction, opening a foundation or non-profit, and renewing your passport or driver’s license are just a few of the many tedious tasks that governments must help their citizens handle. Projects like SelfKey and Civic have already assumed that the blockchain identification idea described previously—sometimes referred to as self-sovereign identification—is the future. Accordingly, they’re building an infrastructure for public services that will be offered to verified residents on the blockchain. Imagine SelfKey as a digital Secretary of State, where a resident can go get things notarized, register their vehicles, change their addresses, get set up with trash collection services and more. Reduce the Burden of Tax Collection Though taxes are designed to reimburse governments for providing services and opportunity to their citizens, collecting them is a significant expenditure for the government. Most of this cost is due to the difficulty inherent in tracking which transactions are relevant to which taxes, especially when errors and intentional fraud happen so often. Blockchain’s provenance and transparency of transactions make fraud less probable and much more visible, which helps lighten the load for entities like the Internal Revenue Service. The IRS must deal with issues like VAT fraud, which happens when people exploit the way that multi-jurisdictional trading works. When financial transactions by businesses and individuals are accomplished on (or connected with) blockchains routinely, the decentralized ledger will make it easier to track payments and goods between tax jurisdictions and accounts. Delivery of Social Welfare Welfare programs are important to consider for any government, and chief among their relevant concerns is how to reach the socially disconnected and destitute in a cost-efficient manner. Programs that provide free vaccinations and other medical care are non-profit by design, but that also means every penny of overhead cuts into the services offered to needy people. Blockchain can decimate the budget required to send out food stamps, for example, simply by giving a homeless person the ability to type in a private key instead of collecting printed stamps—which carry a whole array of other costs and risks. Blockchain simply makes it easier for an

21 days ago

What Will Bitcoin Be Worth In 5 Years Time?

The digital currency market is currently in a tight range and is unable to gain fast momentum. Despite this, the Bitcoin bulls have an optimistic view for the future of the coin. A famous crypto enthusiast and venture capital billionaire, Tim Draper retains his earlier forecast that the virtual asset will cost around a quarter of a million dollars by 2022. Talking at the Crypto Invest Summit in LA, Draper discussed his forecast is based on Bitcoin not being as politicised as traditional currency which is backed by a government body. At the Summit, Draper said: “So right now, there’s $86 trillion of political currency. They call it ‘fiat’ currency, but it’s political. And I believe that that currency will slowly be eaten up by a better currency which is global, decentralized, frictionless. It’s just a better currency. Bitcoin’s a better currency. And I think Bitcoin will be one of five cryptocurrencies.” Digital currencies and the underlying blockchain technology has a really influential power which could change the way governments work and interact with communities. According to Draper: “I think that government can be transformed in this big, huge way. Which is, you put all those technologies together. You have a token that’s global and decentralized. The token is now on a perfect ledger called the blockchain so you don’t require all this special accounting because the accounting is already done.” Draper also praised the automation which comes with a smart contract technology as it will help decrease red tape and corruption as everything that is supposed to happen based on smart contract conditions, will happen. Big data analytics and AI functionality will eventually replace the whole system. As reported by FXSTREET, they have said that “Considering that now BTC/USD is trading at $6,400, Draper’s forecast implies nearly 4,000% increase in 4 years time.” However, despite the figures looking good, Draper isn’t the only one with such an extreme prediction. The co-founder of Civic and a member of the Bitcoin Foundation believes that $1 million for one Bitcoin a realistic price prediction for the distant future. In fact, the Winklevoss twins have got a $320,000 bet on for a 10-20 year time span for the price of Bitcoin to surge. What are your thoughts? Let us know what you think down in the comments below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post What Will Bitcoin Be Worth In 5 Years Time? appeared first on Crypto Daily™.

21 days ago

🔐SludgeFeed: "Civic notes that the first use case comes via ...

🔐SludgeFeed: "Civic notes that the first use case comes via DCN, where Civic Connect will provide identity verifica… https://t.co/Pht1GR6a91

21 days ago

World Crypto Con Launches Blockchain Summit: Aria Hotel, Las Vegas

LAS VEGAS, OCTOBER 27, 2018 - World Crypto Con (WCC), launches the world’s most immersive and interactive blockchain and crypto experience, with an exciting schedule of activities designed for seasoned crypto enthusiasts and for newcomers to join the community and learn more. The schedule includes over 120 speakers from the growing crypto industry including; BITSHARES, the BITCOIN FOUNDATION, LITECOIN and CEO of WAX together with the launch of the latest decentralized currency exchange, SUPERSONICEX providing the opportunity to learn more about the future of the blockchain technology as well as regulatory developments in crypto affecting the industry as a whole. The three-day event will take place at the Aria Hotel in Las Vegas with registration opening at 11am on October 31, marking the 10th anniversary of Satoshi Nakamoto’s Bitcoin white-paper and serving as a reminder that One Single Bitcoin on 31st October 2016 was worth only $530 and today, only 24 months later, is worth over $6,300 per coin! World Crypto Con delivers a global stage hosted by Stewart Rogers, VentureBeat’s Director of Marketing Technology, along with Joel Comm and Travis Wright of The Bad Crypto Podcast, and will offer the chance to meet and greet some of the industry’s biggest names. “World Crypto Con is a huge event covering over 200,000 square feet and over 120 guest speakers. It’s different to other blockchain and crypto events, as it’s not just about networking with industry peers or listening the latest regulatory trends, World Crypto Con goes far beyond that. This event offers an engaging and interactive experience joining together a community and place to immerse the way technology is actually changing the world” said Adam Williams, Co-founder of World Crypto Con. William’s added; “We are committed to delivering the most engaging set of experiences that go beyond an average crypto conference and embrace community activities such as the Hodl Rally and Tour de Crypto (#cryptokindness) where early crypto adopters meet entrepreneurs, investors, traders, legal professionals and people just curious to lean more, something like this you would not be able to encounter at any other event.” World Crypto Con features over 150 exhibitors across the 200,000 square feet exhibition floor, including launch of Global Fintech Platform, SuperSonicEx as well as the Token Tank Live Experience and other highlights: Bloqchain Smart Vegas Hackathon World-class judges and mentors from top crypto and blockchain companies will be on-site offering advice, mentorship and giving presentations. For the first tiem ever, a new ground breaking crypto-currency will be offered as a prize Decent.bet Poker Tournament Decent.bet has teamed with WCC to host an interactive Blockchain Poker Tournament. Crypto and poker enthusiasts will have an opportunity to play with some of the biggest stars in poker. University Row Provides future blockchain entrepreneurs with a global stage for their research. Six university teams will present their cutting-edge blockchain research and projects to conference attendees. World of Mining World Crypto Con is the first Conference to bring experienced professionals from the world’s most innovative mining-related companies to create a one-of-a-kind mining experience that will drive mining innovation. Live Art with VESA Crypto artist and filmmaker VESA will be showcasing his innovative mixed media platform Art For Crypto, which is rapidly establishing new creative standards in the blockchain art space. Giant “CryptOween” Halloween Party with Steve Aoki WCC is throwing a massive Halloween celebration with the first annual CryptOween costume party at OMNIA Nightclub at Caesars Palace. The event will be DJ’d by Grammy nominee Steve Aoki and there will be a costume contest with a $1,000 cash or crypto prize for the lucky winner. Other exclusive conference experiences on the agenda include Blockchain eRacing, YouTube Influencer Meet & Greet, and Monster Security Token (STO) Event. “World Crypto Con is designed around the core pillars of education, entertainment, and excitement,” added Christopher Herghelegiu, Co-founder of World Crypto Con. “This space doesn’t need more echo chambers, it needs a conference like ours that brings to life the future of this tremendous industry and opportunity.” Headline speakers include the biggest names in crypto-currency, including Brock Pierce, Chairman of the Bitcoin Foundation, Charlie Lee, Founder of Litecoin, Charlie Shrem, Crypto Pioneer and Founder of the Bitcoin Foundation. These together with Bobby Lee, Founder of BTCC, Vinny Lingham, the CEO of Civic, Ronnie Moas, Founder of Standpoint Research and over 100 more industry titans and over 150 exhibitors make this an event not be missed! There will be major industry announcements on the WCC stage, giving attendees the opportunity to hear first hand, latest new and trading tips in blockchain technology. Finally, World Crypto Con has teamed up with SuperSon

23 days ago

📝 Let’s catch up with the latest highlights: 454 new users o...

📝 Let’s catch up with the latest highlights: 454 new users on our tools; Dentacare + Civic Connect; DentaVox 2.0 re… https://t.co/RxAs8FDlJq

24 days ago

This article explains what DAG networks and the projects lea...

This article explains what DAG networks and the projects leading the technology. CyberVein is one of them! Read mor… https://t.co/cz9N19ngLf

25 days ago

Columbia University’s Forward-Thinking Tow Center Examines Blockchain’s Role in Journalism

Columbia University’s Tow Center for Digital Journalism recently held a panel examining blockchain’s role in the journalism world. The Columbia Journalism Review reported on the October 19th panel in recap yesterday. The event was entitled “Blockchain in Journalism: Promise and Practice.” The Tow Center is part of the Columbia University Graduate School of Journalism, purveyors of the famed Pulitzer Prize. The Tow Center mission statement says: The Tow Center for Digital Journalism explores the ways in which technology is changing journalism, its practice and its consumption - particularly as consumers of news seek ways to judge the reliability, standards and credibility of information With its emphasis on technological change, it comes as no surprise that the Center is keen on exploring the relationship between journalism and blockchain. Two Worlds Collide The Columbia Journalism Review‘s Mia Shuang Li notes that the event garnered a wide-ranging spectrum of panelists from the realms of blockchain and journalism. Civil Foundation CEO Vivian Schiller and ZigZag podcast’s Manoush Zomorodi were central to the panel: Civil functions as a platform supporting many news publications, ZigZag among them, financed by its own token the CVL, and was a major topic of discussion as well as a panelist. Other contributors included Columbia researcher Eran Tromer, Forbes head of Product & Tech Salah Zalatimo, New York Times researcher Nellie Bowles, and Jarrod Dicker, CEO of Po.et. The entirety of the panel can be viewed below: Rising to the Challenges... Shuang Li describes a series of three challenges that blockchain journalism poses. According to the panel, the first challenge deals with the relationship between blockchain and crypto — too often blockchain maintains a “stigma” due to its association with cryptocurrency. The usual suspects of the stigma include volatility and general reputability. The second challenge deals with the issue of translating the realities of blockchain to the layperson. Manoush Zomorodi notes that his podcast is an extension of this effort. The final challenge is that of “flawed product design,” and unrefined interfaces which lead to a loss of trust and participation in blockchain-related journalism projects. Shuang Li mentions that “Nieman Lab’s John Keefe calculated that it takes 44 steps to purchase CVC, the token that powers Civil.” ...Or Overly Optimistic? Despite a clear image of the challenges ahead, some panelists felt a sense of skepticism towards over-excitement: While the panelists were generally optimistic about blockchain’s potential to improve public trust in journalism, they also wondered whether the journalism industry had too hopeful a view of the blockchain-based future. Shuang Li remarks that Postlight CEO and panelist Paul Ford said, “The whole thing is a giant under-construction GIF.” Bitcoinist has previously reported on a wide range of crypto activities occurring at the world’s top universities. Despite a hesitancy among major universities to accept crypto donations, many schools are incorporating blockchain and crypto classes. These classes and programs are wildly popular across the US. Among the nations best universities offering crypto classes, Stanford University recently topped the list. What are your thoughts on Columbia University’s blockchain and journalism panel? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock, YouTube (Columbia Journalism School) The post Columbia University’s Forward-Thinking Tow Center Examines Blockchain’s Role in Journalism appeared first on Bitcoinist.com.

25 days ago

Indian Police Seize Unocoin’s ATM, Arrest Two Founders

One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized a recently-installed kiosk operated by Bengaluru-based cryptocurrency exchange Unocoin, the Times of India reported on Wednesday. The kiosk was reportedly located at Kempfort Mall on Old Airport Road in Bengaluru. It was launched on Oct. 15 as an automated teller machine (ATM). According to the police, the machine is “illegal as it had been set up without approvals,” the news outlet detailed, elaborating: Central Crime Branch sleuths seized a teller machine, two laptops, a mobile, three credit cards, five debit cards, a passport, five seals of Unocoin company, a cryptocurrency device and Rs 1.8 lakh [$2,458]. Founders Arrested The company’s 37-year-old co-founder, Harish B.V., was arrested on Tuesday in connection with operating the machine. Harish is being held in police custody for seven days, the publication noted, adding that “Cops said more arrests are likely.” Then, on Thursday, the Times of India reported that another founder, CEO Sathvik Viswanath, was also arrested. “Viswanath, 32, who lives in Tumakuru, was produced before a judge at his residence and remanded in police custody for seven days. Sleuths have seized a laptop and a cellphone from him,” the publication wrote. According to the News Minute, the Cyber Crime department of the Central Crime Branch told the media: The ATM kiosk installed by Unocoin in Bengaluru’s Kempfort Mall has not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law. The Bangalore Mirror quoted Alok Kumar, a commissioner with the Bengaluru City Police, elaborating, “They did not have any licence from RBI [Reserve Bank of India], Sebi [Securities and Exchange Board of India] or any other agency to carry out the bitcoin transaction.” He added that the machine was also operated without any trade license from the BBMP, a branch of the government in the Greater Bangalore metropolitan area responsible for civic amenities and some infrastructural assets. Negative Media Reporting On Oct. 20, before the police seized its kiosk and arrested its founders, Unocoin tweeted: Our machine didn’t go well with few mainstream media reports who projected it under a negative light. The machine is still under final testing mode and it will be up and running in the upcoming week. The machine has been temporarily moved from its original place of installation. The mall management became apprehensive after seeing negative media reports, a Unocoin founder told the Times of India. “The reason for panic is because of fake videos on Kannada and English channels. Due to this, our kiosk is not operational. We’ve been trying to actively get these videos pulled down,” the news outlet quoted the founder describing. Unocoin’s ATM at launch (left) relabeled as a kiosk (right). Photo credit: Unocoin. The machine was originally labeled as an ATM. However, Unocoin has since changed its description to a kiosk. Cryptocurrency Not Illegal in India Viswanath previously explained that “it’s perfectly legal for Indians to buy, own or sell bitcoins,” the publication conveyed and quoted him saying: We got a lot of bad press after the finance minister announced a ban in February 2018. The minister’s statement was clear: cryptocurrencies are not legal tender in India. He did not say ‘illegal tender’. There’s a huge difference. India’s finance minister Arun Jaitley said in his 2018-19 budget speech, “The government does not consider cryptocurrencies legal tender or coin and will take measures to eliminate [the] use of these cryptoassets in financing illegitimate activities.” What do you think of the police seizing Unocoin’s kiosk and arresting the founders? Let us know in the comments section below. Images courtesy of Shutterstock and Unocoin. Need to calculate your bitcoin holdings? Check our tools section. The post Indian Police Seize Unocoin’s ATM, Arrest Two Founders appeared first on Bitcoin News.

25 days ago

Cryptocurrency Roundup App Gets $100,000 Shark Tank Investment

Services that allow individuals to invest small amounts of money on a recurring basis have become popular in recent years, especially for young people. An automatic cryptocurrency buying app that rounds up everyday purchases has just secured a $100,000 investment on Shark Tank. Also Read: Cointext Launches SMS Bitcoin Cash Wallet in 4 New Markets Bundil Enters the Shark Tank Bundil is an Acorns-like service for cryptocurrency. The platform allows users to automatically invest their spare change from everyday credit or debit card purchases into a number of cryptocurrencies including bitcoin core (BTC), ethereum (ETH), litecoin (LTC), and bitcoin cash (BCH). It rounds up transactions from normal spending to the nearest dollar, and invests in the cryptocurrency the users chooses. For safety, Bundil doesn’t hold any of the users’ fiat or cryptocurrency, instead using the Coinbase exchange to handle all of the transactions. It also allows users to track their portfolio growth, and manage the holdings all without leaving the app. Its pricing plans start at just $2 per month. The founder of Bundil, Dmitri Love, went on ABC’s Shark Tank during the latest episode of the show which aired on Sunday, Oct. 21, and presented the app. Kevin O’Leary Takes a Big Bite As required by the reality TV format, Love told an emotive and inspiring story about how he came up with the idea when he was a biochemistry student at college and self-learned how to program while recovering from a sports injury. “I thought, man, you know, anyone that’s trying to invest in cryptocurrency has to go through all these steps to try to figure out how to buy it. And I thought there could be an easier way for it to be done.” Love asked for $100,000 in exchange for 10 percent of the venture at the start. Kevin O’Leary offered him the requested sum, but for a hefty 50 percent ownership of the startup. Love countered that “50 percent is quite a bit,” but begrudgingly agreed to the deal with the lone shark as the others were not interested in making counter offers. Of course this isn’t the first time the sharks have heard about cryptocurrency. Mark Cuban, who was doubtful central banks would allow Bitcoin to grow back in 2014, has become much more open to the idea recently, even suggesting that his NBA team will sell tickets for crypto. Cryptocurrency angel investor and Civic founder Vinny Lingham has also been a regular on the South African version of the show. Would you use a roundup app to automatically buy cryptocurrency? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Cryptocurrency Roundup App Gets $100,000 Shark Tank Investment appeared first on Bitcoin News.

a month ago

🔐 BlockPublisher: "Leave your username and password in the p...

🔐 BlockPublisher: "Leave your username and password in the past, for Civic Connect and Dentacoin are here to take y… https://t.co/uIQalOEKsp

a month ago

Bitcoin (BTC) Price Analysis: Which Way Will It Break?

Bitcoin is still trading inside its descending triangle on the 4-hour time frame and consolidating just below resistance. A break past the $6,500 resistance could be enough to confirm that bulls have won over and that a longer-term uptrend is underway. However, the 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, resistance is more likely to hold than to break. The 200 SMA is also just above the triangle top to add to its strength as a ceiling. If it keeps gains in check, price could fall back to the triangle bottom around $6,150. Stochastic looks ready to turn higher without hitting the oversold region, indicating that buyers are eager to return. RSI is turning lower to signal that bears still have the upper hand and could continue to push bitcoin south. A break below support could spur a drop that’s the same height as the long-term triangle pattern. Warnings that another bitcoin bubble may be just around the corner could be discouraging bulls from charging, even with a handful of positive updates that would likely keep price supported. CEO of Civic Vinny Lingham says: “Do I think we’ll have another bubble? Probably, because people just don’t learn. Once it broke through $20k, it would run to over $100k and then we have the start of a new bubble-bust cycle.” On more positive news, the launch of bitcoin futures on ICE Bakkt is approaching, possibly spurring stronger inflows and more volatility. However, traders are also wary of how the launch of CME bitcoin futures last year may have spurred the huge drop as it opened the cryptocurrency to short positions. Bakkt could begin offering physically settled bitcoin futures contracts in December 12. The post Bitcoin (BTC) Price Analysis: Which Way Will It Break? appeared first on Ethereum World News.

a month ago

CEO of Civic Says That Bitcoin Threatens the Governments Ability to Make Money

In a recent interview with Cointelegraph, Vinny Lingham, the CEO of the blockchain identity startup Civic, said that the prices of cryptocurrencies will surge again, it just may take some time. The priorities in the market have shifted and “Now the world is waiting for utility, when people will actually start to use the cryptocurrencies.” He also sees growing push back against Bitcoin from governments around the world because “it threatens their ability to make money.” Within time, Lingham feels that every country will issue their own cryptocurrencies. (JF)

a month ago

Civic Looks to Expand Adoption With App-to-App Developer Tool

If blockchain-based identity platform Civic is to go mainstream, then making it simple for as many businesses and consumers as possible to start using its app will be key.“Consumer adoption may take a while. Hopefully we have a hit that takes off,” Vinny Lingham, CEO and founder at Civic, said on stage at Money 20/20, in a fireside chat with Bruce Silcoff, CEO of blockchain-based ID company Shyft, and moderator James Mirfin, global head of digital identity at Refinitiv. To that end, the company is aiming to attract more partners with its latest solution, Civic Connect, an integration tool that will allow mobile app developers to integrate the Civic app directly into their own apps as a way to authenticate users. Civic made the announcement on October 21, 2018, during the Las Vegas event. Civic Connect includes two libraries: One is an Android library, the other, an iOS library. The library tools, both available on Github, allow a partner app to include a “Connect with Civic” icon in their own app with only a few lines of code. Tapping on that icon takes a user from the partner app over to the Civic App, where the user can approve the exchange of login credentials or personal information, and then back to the partner app again. “They are basically transitioning screens,” JP Bedoya, vice president of product and design at Civic, told Bitcoin Magazine.“If you were logging into Wikihow, for example, one of Civic’s partners, you would just use your Civic identity and with that you will login in a matter of seconds, create an account and whatnot,” he said. “So CivicConnect is an extension of that. Now you can use that Civic identity in a seamless way from any mobile application that works with Civic,” he said. The Civic app itself works like a digital wallet, but, instead of storing funds, it stores personally identifiable information, which you can use to log into another app without a username or password or to share know-your-customer (KYC) data, depending on what an app requires. The library tools allow developers to add two-factor authentication (2FA), anonymous private 2FA and onboard verified users in a customized flow to streamline the experience, Civic said. The way Bedoya sees it, “If you think of all of the millions of apps out there today and you have to create a username and password in all of them, now you can just use your Civic app.” Private ID Verification TransactionsCivic wants to allow consumers to regain control of their identity. As Lingham explained it, in talking to Bitcoin Magazine, imagine if you handed your driver’s license to a bartender to show you were of legal drinking age, but then the bartender memorized the information, or then the Department of Motor Vehicles, the agency that issues licenses, had a way of becoming aware of that (and every) transaction you made using your driver’s license? “It would just be freaky,” he said. “We think about it that way. How do you create a world where you have an ID without a record being tracked? And that is why the blockchain makes sense. Now the bartender can verify independently, and only you and he know the transaction occurred.” Civic stores attestations on the Bitcoin blockchain, while ID information is encrypted and stored on a user’s own device — not on Civic’s servers. Transactions, which occur when you show your ID to another app using Civic, are handled by smart contracts on the Ethereum platform. Eventually, the project plans to move to RSK, but it is not there yet. The Civic project has 1 billion CVC tokens, a third of which it sold in a 2017 token sale to raise $33 million to build out its platform. But while Civic has big plans for its future, competition in the space is stiff. Right now, Lingham explained, there are about 40 or 50 other blockchain-based identity services on the market — and “thousands” of companies trying to handle ID in a centralized fashion. “No good idea is born alone,” Lingham said. Nevertheless, he thinks Civic stands a good chance of coming out ahead. “The real question is how do they compete with us?” he said of his blockchain-based ID competitors. “We got here first. We have a lot of IP that has been developed and a string of patents, so we are first.” (Civic was originally founded in 2016.)Civic has also been adding new partners, companies and entrepreneurs that need its ID services. According to Lingham, Civic has 100 partners so far. Its best-known partner is Anheuser-Busch. Partners in the crypto space include Brave, ShapeShift and 0x, and it's been able to sign up several ICO projects that need to follow KYC before selling tokens. Lingham feels consumers will be drawn to Civic because of its security and privacy. “We don’t make money out of monetizing your personal information like the big guys do,” he said. “When you use Facebook, let’s be frank, they are tracking every time you use it to open an account in an app, so they can target ads at you, and Google as well.” Of course, Facebook an

a month ago

Civic Launches Civic Connect to Replace Facebook and Google Login Verification

Civic (CVC), a decentralized architecture for identity protection, announced the launch of Civic Connect on Sunday, a new app-to-app integration that allows for blockchain-based user authentication. This system is designed to replace third-party authentication via platforms like Google and Facebook that are facing ongoing data security issues. Introducing CivicConnect: Making seamless app-to-app identity verification a reality https://t.co/S728N6SQjn

a month ago

Another ‘Expert’ Claims That Bitcoin Is A Bubble

With the crypto market going into hibernation at the moment, analysts and experts alike are coming up with predictions of what is going to happen to the market during this period. The CEO and co-founder of the blockchain company Civic, Vinny Lingham specialises in identity security and believes that we will blow another bubble even more significantly than the previous one for the crypto market. Lingham shared his views speaking at the Chain Reaction event hosted by Blockchain Entrepreneurs Club South Africa in Johannesburg earlier in the week. The South African internet entrepreneur has raised over $30 million with his company through an ICO in 2015. Speaking about the developments and the future of blockchain and the issues of mass adoption he said: “Do I think we’ll have another bubble? Probably, because people just don’t learn. Once it broke through $20k, it would run to over $100k and then we have the start of a new bubble-bust cycle,” Lingham said, explaining that he looks at the cryptocurrency market from a long-term perspective, while the bubble will be created by investor greed.” As reported by Cryptovest: “He explains the December bubble and the subsequent burst by disbalance between supply and demand as last year investor interest in digital assets and ICOs considerably exceeded the supply, while in the second half of 2018 the situation reversed.” The South African harbours no illusions about the upcoming mass adoption for Bitcoin with the significant scalability issues that slow its development and reduce the scope of real-life use cases. “Even though we are about a decade into blockchain technologies, we are still in the infancy. Primarily the number one use case for cryptocurrency outside of money transfers is trading. It’s mostly a speculation game.” Moreover, Lingham is not the only one who has emphasised the bubbly state of the current digital currency market. Back in July this year, Agustin Carstens a General manager at International Settlement claimed that Bitcoin was a bubble waiting to burst and added that it was a Ponzi scheme which could result in an environmental disaster. What are your thoughts? Let us know what you think down in the comments below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Another ‘Expert’ Claims That Bitcoin Is A Bubble appeared first on Crypto Daily™.

a month ago

Another Bitcoin Bubble Driven by Investors Coming: Civic CEO, Vinny Lingham

Vinny Lingham, CEO of Civic believes another bubble is coming driven by investors greed that will break $20k before running over $100k leading to the start of another bubble-bust cycle. He also shared the blockchain industry is far from mass adoption due to scalability and limited use cases issues. First $20k will break, then $100k & then a new bubble-bust cycle will start Recently, Vinny Lingham, CEO of Civic talked about the future of the crypto market and blockchain applications in an event in Johannesburg. The event Chain Reaction was hosted by Blockchain Entrepreneurs Club South Africa (BECSA) that had a number of other speakers viz. Monero’s Riccardo Spagni and Marius Reitz, Luno country manager for South Africa. While talking about the state of the crypto market, Lingham shared that the prices of the bitcoin and cryptocurrencies were driven up by the huge investor interest along with the rising number of ICOs. But this time, the demand from buyers is small in comparison to the high supply of ICOs. “Last year, we saw an indicator of a massive amount of investor interest in the space and not enough supply. Right now you have way more supply of ICOs than buyers, and with the price of Bitcoin and other cryptocurrencies dropping, those buyers have less money to spend.” As for if the prices will yet again skyrocket, though he believes slower and steadier growth with a more developed infrastructure, will be best for the Bitcoin, it is expected that investors will create another bubble stating: “Do I think we’ll have another bubble? Probably, because people just don’t learn. Once it broke through $20k, it would run to over $100k and then we have the start of a new bubble-bust cycle. I have seen three or four bear markets and cycles. In bear markets, it is more about consolidating and going into high-quality coins like Bitcoin.” Moving onto the blockchain industry, he says it is still far from mass adoption due to lack of use cases: “Even though we are about a decade into blockchain technologies, we are still in the infancy. Primarily the number one use case for cryptocurrency outside of money transfers is trading. It’s mostly a speculation game.” However, it will slowly change as the different use cases will be developed. Scalability is one such factor that needs to be the focus so that the speed and capacity of payment systems like Visa can be achieved. “You shouldn’t do this stuff for the money, you should do it because you’re passionate about what the goals of the project are,” concludes Lingham. The post Another Bitcoin Bubble Driven by Investors Coming: Civic CEO, Vinny Lingham appeared first on Coingape.

a month ago

Will bitcoin hit $1 million in the next few years?

Many people in the crypto space often mention bitcoin (BTC) reaching $1 million per coin. Most notably is John McAfee and his aggressive statement declaring $1 million with certainty. John McAfee stated that $1 million per BTC by 2020 is a conservative projection. John McAfee is a well-known figure in the cryptocurrency space. McAfee and his team from the late 1980’s created the “first commercial antivirus software“. McAfee’s is known for making outlandish and bold statements in the crypto space - even saying he would eat his own male anatomy if bitcoin did not reach $1 million by 2020. $1 million per BTC by 2020 may be a bit ambitious, but within the next 10-20 years may not be that ridiculous. Scarcity Only 21 million bitcoin will ever exist, with a worldwide human population of about 7.6 billion. If BTC becomes mainstream, and its potential/value is realized globally, only 21 million people will be able to own one entire coin. This has the potential to create a future atmosphere for extremely high demand, with very little supply. Institutional Accumulation Institutions are likely already accumulating bitcoin at current prices (and even possibly waiting for lower prices). But many times, the public is not aware of said accumulation. Vinny Lingham, the co-founder of Civic, explains that the biggest investors do not rely on exchanges to accumulate. Instead, they use Over-The-Counter (OTC) trading. OTC is trading settled outside of exchanges, so as not to move the correlated asset price significantly in either direction, resulting in slippage. (Slippage is when a person buys a large order of bitcoin on an exchange, for example, and must pay a higher price for part of the order, due to an insufficient amount of sellers at the currently listed price.) Why might institutions be accumulating now? Because of scarcity. CBOE and CME bitcoin futures are currently settled in cash. This does not require BTC accumulation. Profits or losses are paid in cash. However, future mainstream bitcoin trading developments may warrant the purchase of BTC by large players. For example, the VanEck-SolidX bitcoin ETF (delayed until late December 2018) will have a price tag of $200,000 per share. For a BTC ETF, the fund would need to hold the actual amount of BTC (as opposed to cash-settled futures). This means they would need to buy a substantial amount of BTC, leading to less supply available for retail (public) trade and use, given the scarce supply. Major crypto exchange Coinbase also already has over 25 million users, as of October 4, 2018. As Youtuber Sunny Decree points out in one of his videos, there is now not enough total bitcoin to supply every Coinbase user with one whole BTC. Why The Focus On Bitcoin And Not Alts? Many participants in the crypto space wonder why the oldest cryptocurrency (BTC) is still the best and has the best chance to succeed among the 1500+ altcoins, questioning Bitcoin’s inability to work effectively when mass public usage is applied (as seen last December/January). "#Bitcoin cannot be intrinsically scaled. It will never scale" @Nouriel — Phil (@PhilCrypto77) October 11, 2018 At the top of the last crypto bull market, bitcoin transactions took significantly longer to send/receive, with fees up to $50 per transaction at one point. Scaling has since been the topic of significant development, seeing the recent launch of Bitcoin’s Liquid and Lightning Networks. Put simply, these networks for bitcoin help provide a solution for more room for traffic and transactions. RT @theonevortex: Did you know? #LightningNetwork while still in beta, is beginning to be tested out by stores all over the world. Here's a couple video examples:https://t.co/n8s7rgAVJOhttps://t.co/MVQLcjnxxyhttps://t.co/MVQLcjnxxy — LUCKYCOINS (@luckycoins_io) October 19, 2018 Notable maximalist Tone Vays makes many good points, saying that it “isn’t old news” and that it “is where all the latest innovation and development is taking place”. Cliff High, the creator of the Web Bot, also realizes the future impact for bitcoin, stating that it “is going to retain its status because of the emotional attachment we already have, its proven capabilities”, and its ability to be attack-resistant, among other reasons. Bitcoin has become firmly established in the public eye, which is difficult to change. Only time will tell what happens in the future. But right now, the future looks strong for bitcoin, even during a bear market. The post Will bitcoin hit $1 million in the next few years? appeared first on Crypto Insider.

a month ago

Civic Releases CivicConnect to Oust Facebook and Google Login Verification

Yesterday, Civic announced the launch of CivicConnect, a new app-to-app integration that enables blockchain-based user verification. Civic designed this app to replace third-party authentication through Google and Facebook platforms which are currently facing data security issues. Per the announcement, CivicConnect allows any app to incorporate Civic Secure Login and Reusable KYC to verify users. The app only needs a user to create a civic ID once to facilitate fast and account creation for supported apps. App developers will now be able to integrate secure 2-factor authentication (2FA) to add verified users without forgoing security or compliance. (KE)

a month ago

Limited use cases and Scalability Issues are the Hindrance to Mass Adoption Of Cryptocurrency - Vinny Lingham

The CEO of Civic Vinny Lingham has pointed out restricted use cases and scalability issues as the major problems facing cryptocurrency mass adoption. The CEO mentioned this while speaking at a Chain Reaction event in Johannesburg South Africa organised by Blockchain Entrepreneurs Club South Africa (BECSA). Lingham spoke on the trends of cryptocurrency market, blockchain development and cryptocurrency project. Speaking on the cryptocurrency market, Lingham said the bull run experienced last year was as a result of high demand for cryptocurrencies with short supply which raised the price. Explaining why the market has been struggling this year, he attributed it to the several ICOs that have been established since the year began, thus increase supply above demand. He said “Last year, we saw an indicator of a massive amount of investor interest in the space and not enough supply. Right now you have way more supply of ICOs than buyers, and with the price of Bitcoin and other cryptocurrencies dropping, those buyers have less money to spend.” Still on the market volatility, Lingham stressed that Bitcoin should have maintained a low profile until it was fully mature before coming into public view, suggesting that the volatility is part of the maturing process. Asked if he saw the possibility of another Bitcoin bubble, he had this to say: “Do I think we’ll have another bubble? Probably, because people just don’t learn,” Lingham said. “Once it broke through $20k, it would run to over $100k and then we have the start of a new bubble bust cycle.” On blockchain, the CEO said blockchain hasn’t seen mass adoption because it is still in its infancy even after more than a decade of its existence. He also stressed that blockchain must explore use cases and scale in order to gain adoption in different sectors and to beat its competitors. As an ingredient to achieving this, Lingham said passion must drive developers and startups not the financial benefit they stand to gain. “You shouldn’t do this stuff for the money, you should do it because you’re passionate about what the goals of the project are,” he said. Vinny Lingham is a Co-Founder and CEO at Civic, a blockchain-centred company that provides identity protection services with headquarters in San Francisco, USA. Contributions were made by Monero lead maintainer Riccardo Spagni, and Luno country manager for South Africa Marius Reitz on different other areas of the blockchain and cryptocurrency industries during the event this week. The post Limited use cases and Scalability Issues are the Hindrance to Mass Adoption Of Cryptocurrency - Vinny Lingham appeared first on ZyCrypto.

a month ago

Another Bitcoin Bubble Predicted by Vinny Lingham

The blockchain entrepreneur and CEO of Civic expressed his opinion on a possible Bitcoin bubble while speaking at a blockchain event in South Africa. Civic Co-Founder Talks About the Industry Vinny Lingham, the co-founder and CEO of Civic, a blockchain company focused on identity security and protection, has predicted another bubble for Bitcoin. He made this observation while speaking at a blockchain event in Johannesburg earlier this week. The “Chain Reaction” event was organized by the Blockchain Entrepreneurs Club South Africa (BECSA). The speakers also included Monero lead maintainer Riccardo Spagni and the Luno country manager for South Africa, Marius Reitz. Lingham spoke about the state of blockchain projects, hurdles to adoption, as well as the cryptocurrency market. Lingham, a South African internet entrepreneur, founded Civic in 2015. His previous venture, Gyft, was acquired by First Data Corporation in 2014 for over $50 million. In June 2017, Civic ran its ICO, raising over $33 million in funding. Barriers to Mass Adoption Lingham believes that scaling issues and lack of use cases are the reasons why blockchain technology is still very far from mass adoption. He says: Even though we are about a decade into blockchain technologies, we are still in the infancy. Primarily the number one use case for cryptocurrency outside of money transfers is trading. It’s mostly a speculation game. He believes that as more use cases are built on the technology, the situation will gradually change. He also highlighted the need to address the scalability issue to match the throughput of traditional payment processors like Visa. Throwing a jibe at the new generation of developers, Lingham observed that start-ups should be passionate about the projects they are building rather than the money they can raise. He noted: You shouldn’t do this stuff for the money, you should do it because you’re passionate about what the goals of the project are. Crypto Price Predictions Talking about the cryptocurrency prices, Lingham believes that investor interest last year led to the market rally which, in turn, led to more start-ups hosting ICOs. He said: Last year, we saw an indicator of a massive amount of investor interest in the space and not enough supply. Right now you have way more supply of ICOs than buyers, and with the price of Bitcoin and other cryptocurrencies dropping, those buyers have less money to spend. Predicting another Bitcoin bubble in the market, he said: Do I think we’ll have another bubble? Probably, because people just don’t learn. Once it broke through $20k, it would run to over $100k and then we have the start of a new bubble-bust cycle. He then added: I have seen three or four bear markets and cycles. In bear markets, it is more about consolidating and going into high-quality coins like Bitcoin. He concluded by commenting that it would have been better for Bitcoin price to grow steadily and for the technology to mature before attracting investors. Do you agree with Lingham’s views? Let us know in the comments below. Images courtesy of Shutterstock. The post Another Bitcoin Bubble Predicted by Vinny Lingham appeared first on Live Bitcoin News.

a month ago

Satirical art in the Trump era: Why it’s important to “shame the shameless”

Satirical artists have been illuminating the upheavals of the tumultuous first two years of the Trump presidency with extraordinary fervor. From biting cartoons to punchy magazine covers, 200 examples of their powerful graphic gems are now on display in “Art as Witness: Political Graphics 2016-2018,” a new exhibition at the School of Visual Arts in New York City. The exhibit, which is on view until Nov. 4, features works by 53 artists, including illustration heroes such as design legend Milton Glaser, New Yorker cartoonist Roz Chaz, graphic novelist Art Spiegelman, and the go-to illustrator for incendiary Trump caricature, Edel Rodriguez. “Art as Witness” delves into the topics such as the #MeToo movement, the migration crisis, and gun violence, with Donald Trump serving as the anti-hero in many of the pieces. “How Donald Trump’s Schizoid Administration Upended the GOP” published in Rolling Stone. “Trump’s Africa,” 2018, published in The New Yorker, October 16, 2017 “Art and Politics” is the newest chapter in storied tradition of political satirical art in the US, explains the show’s co-curator Steve Brodner, who is a renowned political satirist himself. Brodner points to seminal work of Thomas Nast, a sharp-witted illustrator who was a key voice in US politics in the mid-to late 1800s. Nast’s cartoons were so persuasive that they were thought to have influenced the outcome of six presidential elections between 1864 and 1884 and earned him the nickname “the President Maker” in illustration circles. The Union As It Was, published in “Harper’s Weekly’s” October 10, 1874 issue. “Art and Politics” isn’t a “Trump Show” per se, clarifies Francis Di Tommaso, director of the SVA Gallery, but many of the best entries do focus on the divisive US president. The new question is whether satire still matters. As the illustrator Victor Juhasz writes in the exhibition catalogue: “We visual satirists continue to do what we do in spite of the fact that we currently work in a world where it seems impossible to shame the shameless.” What use is satire—even brilliant satire—if the thick-skinned target is deaf to criticism? “Art as Witness” at the SVA Chelsea Gallery, New York City Artist Marshall Arisman says creating political cartoons is a primarily a cathartic act, often sponsored by publications who commission illustrations. “It’s a way to get the monster out of your head,” Arisman said at the “Art as Witness” symposium. “What does matter is that you occupied the silence,” offers Brodner. “You may not be changing the system, but you sure as hell changed the temperature of the room—the whole atmosphere.” “Trump, Putin, and the New Cold War,” 2017, published in the New Yorker. “Immigrant Children,” 2018. Timed for the US elections in November, the “Art as Witness” is also meant to incite viewers to do their part to remedy the fraught political climate. Even if satire doesn’t change the system directly, individual action is what matters because it’s what we can control, Brodner says. “There is one effect that these 200-plus eclectic, provocative, and often humorous images can have: They can appeal, through their eyes, to viewers’ consciences, to their sense of civic duty,” adds Di Tomasso. “They can prompt—better yet, incite—in them the will, now as we near the midterm elections, to do something. To do the only thing that truly counts: to vote.”

a month ago

Civic CEO Predicts Bitcoin Would Reach $100K Before Next Bubble

Speaking at a cryptocurrency event in Johannesburg, South Africa, Civic CEO Vinny Lingham was bullish on Bitcoin's price. He said since Bitcoin broke through $20,000 once, the price will rally to $100,000 before the next bubble breaks. Vinny added that people don't learn, and we'll have a bigger bubble. Famous for his appearance on South Africa's Shark Tank, Vinny Lingham is a long-time Bitcoin promoter and the CEO of blockchain identity startup Civic. Bitcoin (BTC) is priced at $6,468.62, losing 1.09% in the last 24 hours. (VS)

a month ago

There’s Another $20K Bitcoin Bubble Coming, Says Vinny Lingham

Bubble-phobic Civic CEO, Vinny Lingham, has been sounding off about blockchain and cryptocurrency at an event in Johannesburg. His address covered mass adoption in the blockchain industry, and the likelihood of another bitcoin bubble. Still in its infancy Lingham cited lack of use cases and scaling issues as current barriers to mass adoption of cryptocurrency. Although the primary uses of cryptocurrency are money transfers and trading, he saw this broadening as the market matures. He also felt that developers and startups should be in it due to belief in their project goals, rather than the amount of money they can make. Lingham said: You shouldn’t do this stuff for the money, you should do it because you’re passionate about what the goals of the project are. He assesses the bubble of last year and subsequent crash as simple supply and demand. Increasing investor interest and limited supply pumped prices, which then attracted an increase in ICOs. So now there are more ICOs than buyers, and price drops mean buyers have less to spend. He does, however, predict that investor greed will more than likely spur another bubble, saying: Do I think we’ll have another bubble? Probably, because people just don’t learn. When it hits $20,000 again, it will fall back to $100 or something like that. Slow and steady wins the race Lingham has long been an advocate of the slow and steady growth of Bitcoin 00, and indeed all cryptocurrencies. Back at the start of 2017, when bitcoin was still sitting at around $1200, he cautioned about hitting $3000 too quickly. Although he appears to have underestimated “investor greed,” the bubble certainly came, and with it, the infrastructure was unable to cope with the peak in interest. He still feels that there is a great benefit in having the time to develop outside of the public spotlight. Luckily, Lingham is able to joke about his cautious outlook. “This guy makes me look like a permabull!” Lingham tweeted in response to anti-Bitcoiner Nouriel Roubini’s current bout of flagrant self-promotion through antagonism. This guy makes me look like a permabull! https://t.co/njG2ozoZ9A — Vinny Lingham (@VinnyLingham) October 13, 2018 Well quite. Vinny Lingham, a white supremacist? Perhaps not. Do you agree with Vinny Lingham? Share your thoughts below! Images courtesy of Shutterstock, Twitter, Bitcoinist archives The post There’s Another $20K Bitcoin Bubble Coming, Says Vinny Lingham appeared first on Bitcoinist.com.

a month ago

3/ SVOTC is a regulated DEX built on Loopring's Circulr refe...

3/ SVOTC is a regulated DEX built on Loopring's Circulr reference implementation. By adding Civic as a login creden... https://t.co/t1hK7Xxn57...

a month ago

The Daily: Tether Regains Ground, Coinbase Does Dublin

Today’s edition of The Daily starts where Monday’s left off: by looking at the latest on Tether, whose stablecoin anchors so much of the cryptoconomy. In related news, we detail Bitfinex’s banking situation and reveal why Coinbase has chosen Dublin to be its European headquarters. Also read: Tether Sheds Its Peg Tether Regains Ground The chart below isn’t your average Binance altcoin experiencing some characteristic volatility. It is in fact that of two supposed stablecoins trading against one another: tether (USDT) and trueusd (TUSD). Following yesterday’s shenanigans, which saw tether slip to around $0.88 on some exchanges, the token has regained a little ground and now sits at $0.95, according to Blockmodo. The data remains skewed, however, by the fact that tether is valued at a flat $1 on Bitfinex, where it is the only U.S. dollar trading pair. Sites such as Coinmarketcap, which record tether’s seemingly perfect dollar parity on Bitfinex, create the impression that USDT’s global average is higher than it actually is. At the time of publication, 1 TUSD was trading for 1.06 USDT on Binance. While Binance offers a range of stablecoins, it remains heavily invested in tether, with holdings of ~$850 million, meaning it owns more USDT than even Tether itself. On Monday, Tether came out fighting, with chief compliance officer Leonardo Real insisting: Although markets have shown temporary fluctuations in price, all USDT in circulation are sufficiently backed by U.S. dollars (USD) and that assets have always exceeded liabilities. Huobi, the world’s fourth largest exchange, has now followed the lead of Okex and introduced a handful of new stablecoins to alleviate traders’ concerns. TUSD, USDC, GUSD and PAX will all be listed on Oct. 19. The market capitalization of Circle’s USDC has grown by 85% in the past week, surpassing $25M, with more than 40 platforms now supporting the stablecoin. Bitfinex, meanwhile, has confirmed that its fiat deposits are on course to be restored, a move that ought to restore a measure of confidence in the exchange: We expect to have our new fiat deposit system in place within the next few hours. Please stay tuned for further updates. — Bitfinex (@bitfinex) October 16, 2018 Coinbase Seeks Dubliners to Join Irish Outpost “Coinbase is expanding its European presence by opening a new office in Dublin,” revealed the serpentine exchange, whose tentacles span multiple continents and crypto sectors. “We look forward to tapping into the city’s diverse talent pool and contributing to its burgeoning crypto economy,” they added. What Coinbase didn’t mention is that Ireland’s famously low corporate taxes will have been pivotal in sealing the deal. The California-based firm will be joining the 700 other U.S. companies to date that have made Dublin the seat of their European operations, including Apple. “I am delighted that Coinbase is opening an office in Dublin,” said Ireland’s Minister for Financial Services and Insurance Michael D’Arcy. “This decision highlights the competitive offering and attractiveness of Ireland for financial services.” Coinbase has now embarked on a recruitment drive ahead of the opening of its Dublin office. Eraswap and X Cloud Usher in Censorship-Resistant Platforms Cloud X We’ve written a lot lately about censorship and the tools being developed to thwart crackdowns by the dominant web platforms such as Facebook and Twitter. Decentralized applications have the potential to ease some of the pain points that are afflicting web users, including account shutdowns and permabans. Eraswap, a platform that aims to refine social media via a social economy and marketplace dapp tailored to the user’s interests, can be added to that list. Then there’s Internxt, which has just released the beta of its X Cloud decentralized storage with 10GB provided for free. Distributed storage is big business right now, with the likes of Akash also releasing its own cloud storage solution designed to thwart internet censorship. Having inked partnerships with Blackberry, Civic and Y Combinator, Internxt has already drummed up a fair bit of interest in its decentralized storage solution. What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: Tether Regains Ground, Coinbase Does Dublin appeared first on Bitcoin News.

a month ago

Cryptocurrencies Are Mankind's 'Biggest Technological Experiment," Says Blockchain Professional

Vinny Lingham, the co-founder and CEO of Civic Technologies, a blockchain-enabled identity verification solution provider, recently noted that the world “wants a more stable money supply” and the crypto community could potentially help create a better financial system....

a month ago

Cryptocurrencies Are Mankind's 'Biggest Technological Experiment,' Says Blockchain Professional

Vinny Lingham, the co-founder and CEO of Civic Technologies, a blockchain-enabled identity verification solution provider, recently noted that the world “wants a more stable money supply” and the crypto community could potentially help create a better financial system....

a month ago

Identity.com Open-sources 2 Libraries and 5 Smart Contracts

Earlier in July, Civic announced that it was building Identity.com aimed at expanding access to ID verification services. Identity.com was built around open standards to allow for maximum interoperability. Set to be launched before the end of 2018, Civic will open source two libraries; Credential Commons and Marketplace-tx Library. The libraries will enable people to use javascript to interact with the ecosystem of Identity.com without the need to deal with difficulties of a new language. Civic will also open source five smart contracts which will regulate and guide users on how to interact within the Identity.com ecosystem. (VK)

2 months ago

Civic’s Identity.com open sources 5 smart contracts and 2 libraries

Blockchain-based digital identity company Civic announced back in July Identity.com, an open source identity ecosystem that Civic is building to expand access to ID verification services. The team reported that parts of the ecosystem vision are coming together,... Civic’s Identity.com open sources 5 smart contracts and 2 libraries...

2 months ago

Brave Browser Announces Collaboration with Civic (CVC) for Secure KYC

Brave, a cryptocurrency-funded web browser powered by the Basic Attention Token (BAT), recently announced a partnership with the blockchain identity platform Civic, that will see the integration of the Civic identity verification services to publishers on the Brave platform. This will enable Brave-verified publishers to confirm their identity using Civic’s technology, allowing for the secure access to the Basic Attention Token (BAT) that they have earned via the Brave browser. The partnership will make use of the Civic Reusable KYC service to securely verify identity and ensure authenticity. (JF)

2 months ago

Civic to Launch ID Codes to Combat the Use of Fake Profiles on Social Media Platforms

Civic, a blockchain-based startup launched in 2017, is planning to launch ID Codes. ID Codes is a platform that will see people protecting their identities by combating fake profiles on social media platforms. ID Codes, which is powered by Civic technology, will be used in verification of relationships to ensure that they exist. Civic's ID Codes will curb crimes from fraudsters and scammers who have been taking advantage of investors by using fake profiles. (KE)

2 months ago

Cryptocurrency Sales Tax is Confusing among Different States in the US

According to Bitcoin. com, a great majority of states across the US have zero guidance on cryptocurrency taxes. It is reported that New York, New Jersey, and California have entirely different ways of handling digital currency purchases and sales tax. In New Jersey, bitcoin and other cryptocurrencies are to be treated as a CVC. The State of New York’s law towards bitcoin and sales tax is quite similar to New Jersey’s sales tax guideline. However, in California, instead of using the CVC value, the sales tax is only applied to the products sold. And other states including Vermont, Illinois, Arizona, Wyoming, and Georgia, tax laws for cryptocurrency are still being reviewed by the concerned parties. (RL)

2 months ago


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