Credits CS

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Credits News

The long-awaited Credits News Digest #11 is here 💥🤓 Click ...

The long-awaited Credits News Digest #11 is here 💥🤓 Click https://t.co/99jJ1lbCQA to watch! @creditscom #CREDITS… https://t.co/vk3mYQ1bwW

20 hours ago

BitMax.io’s Reverse-Mining, Token Economics, and Inflation Management Protocols Highly Favor Traders and Investors

CoinSpeaker BitMax.io’s Reverse-Mining, Token Economics, and Inflation Management Protocols Highly Favor Traders and InvestorsBitMax.io in the Crypto Exchange SpaceBitMax.io (BTMX.io) is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space.Since its launch in August 2018, BitMax.io has enjoyed considerable success, growing its user base to over 50,000 and providing 39 active trading pairs to the public, with new trading pairs and listings currently under review.Trans-Fee & Reverse MiningMuch of this success has been driven by BitMax.io’s user-centric innovations that incentivize more trading on the BitMax.io platform. One of these new trading models, known as trans-fee mining, allows traders to earn platform utility token, the BTMX token, whenever they trade on BitMax.io and pay for transaction fees. BitMax.io deducts trade transaction fees from traders and then credits their account with BTMX tokens of the same value. This is in stark contrast to the profit-first approach adopted by many traditional exchanges that simply deduct transaction fees from client orders.Trans-fee mining was quickly followed by the introduction of reverse mining, separate unique incentive structure for Maker trades - which are trades that that have not been filled immediately partially or fully (like a limit order). Under this model, when a user executes a maker trade, the user will receive a rebate of the transaction fee in exchange for an equivalent market value of BTMX that the user holds in their account. The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply.Reverse mining with trans-fee mining were formally launched to public on Nov 18, 2018, along with the industry-lowest commission rate at only 0.04%. Along with new, strategic partnerships in the blockchain and cryptocurrency space, BitMax.io is steadily cementing its reputation as the world’s first 3rd-generation cryptocurrency exchange platform. These trading and exchange innovations also lead to smoother user experiences, tighter market spreads, and better liquidity as compared to the wider crypto exchange market,, thus allowing traders to save in terms of fees and deductions.Reverse mining and trans-fee mining models not only provide the additional value for traders and investors, but also help potentially support the price level for BTMX tokens on the secondary market while putting in place an important check-and-balance mechanism for stability and liquidity in times of volatility.Reverse Mining in PracticeWith traditional mining models, once the platform token (in this case, BTMX) is earned, the miner usually sells it in the secondary market in exchange for other paired cryptocurrencies. Since the trader continues to mine and sell his or her mining earnings in the form of BTMX, traditional mining is a one-way inflation model only on selling.Over time, with the increasing number of platform coins in circulation, selling pressure rises dramatically until the market for platform tokens collapses.BitMax.io’s innovative mining with reverse-mining mechanism, however, is a viable solution to the critical issues of selling pressure and inflation with multiple benefits.Firstly, there is more up-to-date reflection of value creation with BTMX prices at any given point in time based on real-time mining activities. The longer-term lock up schedule combined with additional distribution of data usage fee pool based on daily transaction fee are designed further to enhance intrinsic value of BTMX from exchange operations as well as to manage overall token supply and demad.Secondly, the reverse mining rebate offered to those with Maker traders acts as an incentive for them to provide more liquidity and depth of the exchange, the core differentiation for any successful exchange.Thirdly, the unique design of additional transaction fee distribution to the token holders also support the overall stable level of BTMX toke price over longer term. This is managed through the setup of the Data Usage Fee Pool (“the Pool”). Every day, the platform will set aside 80% of net transaction fee revenue for the Pool and distribute back to token holders 1/180 of the Data Usage Fee Pool balance. Compared with traditional mining fee income distribution patterns, BitMax.io’s Pool will grow as mining activities continue. However, with the Pool, BitMax.io pays users for BTMX usage data, with 80% of BitMax.io’s net transaction fee revenue distributed back to token holders who sign up and agree to share their token transaction information with the platform. This provides additional incentives for users to hold BTMX tokens, and by holding tokens and not selling t

8 days ago

BitMax.io (BTMX.com) Continues Platform Enhancement with Reverse-Mining Model

BitMax.io in the Crypto Exchange Space BitMax.io (BTMX.io) is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. Since its launch in August 2018, BitMax.io has enjoyed considerable success, growing its user base to over 50,000 and providing 39 active trading pairs to the public, with new trading pairs and listings currently under review. Trans-Fee & Reverse Mining Much of this success has been driven by BitMax.io’s user-centric innovations that incentivize more trading on the BitMax.io platform. One of these new trading models, known as trans-fee mining, allows traders to earn platform utility token, the BTMX token, whenever they trade on BitMax.io and pay for transaction fees. BitMax.io deducts trade transaction fees from traders and then credits their account with BTMX tokens of the same value. This is in stark contrast to the profit-first approach adopted by many traditional exchanges that simply deduct transaction fees from client orders. Trans-fee mining was quickly followed by the introduction of reverse mining, separate unique incentive structure for Maker trades - which are trades that that have not been filled immediately partially or fully (like a limit order). Under this model, when a user executes a maker trade, the user will receive a rebate of the transaction fee in exchange for an equivalent market value of BTMX that the user holds in their account. The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply. Reverse mining with trans-fee mining were formally launched to the public on Nov 18, 2018, along with the industry-lowest commission rate at only 0.04%. Along with new, strategic partnerships in the blockchain and cryptocurrency space, BitMax.io is steadily cementing its reputation as the world’s first 3rd-generation cryptocurrency exchange platform. These trading and exchange innovations also lead to smoother user experiences, tighter market spreads, and better liquidity as compared to the wider crypto exchange market, thus allowing traders to save in terms of fees and deductions. Reverse mining and trans-fee mining models not only provide the additional value for traders and investors, but also help potentially support the price level for BTMX tokens on the secondary market while putting in place an important check-and-balance mechanism for stability and liquidity in times of volatility. Reverse Mining in Practice With traditional mining models, once the platform token (in this case, BTMX) is earned, the miner usually sells it in the secondary market in exchange for other paired cryptocurrencies. Since the trader continues to mine and sell his or her mining earnings in the form of BTMX, traditional mining is a one-way inflation model only on selling. Over time, with the increasing number of platform coins in circulation, selling pressure rises dramatically until the market for platform tokens collapses. BitMax.io’s innovative mining with reverse-mining mechanism, however, is a viable solution to the critical issues of selling pressure and inflation with multiple benefits. Firstly, there is more up-to-date reflection of value creation with BTMX prices at any given point in time based on real-time mining activities. The longer-term lock up schedule combined with additional distribution of data usage fee pool based on daily transaction fee are designed further to enhance intrinsic value of BTMX from exchange operations as well as to manage overall token supply and demand. Secondly, the reverse mining rebate offered to those with Maker traders acts as an incentive for them to provide more liquidity and depth of the exchange, the core differentiation for any successful exchange. Thirdly, the unique design of additional transaction fee distribution to the token holders also support the overall stable level of BTMX toke price over longer term. This is managed through the setup of the Data Usage Fee Pool (“the Pool”). Every day, the platform will set aside 80% of net transaction fee revenue for the Pool and distribute back to token holders 1/180 of the Data Usage Fee Pool balance. Compared with traditional mining fee income distribution patterns, BitMax.io’s Pool will grow as mining activities continue. However, with the Pool, BitMax.io pays users for BTMX usage data, with 80% of BitMax.io’s net transaction fee revenue distributed back to token holders who sign up and agree to share their token transaction information with the platform. This provides additional incentives for users to hold BTMX tokens, and by holding tokens and not selling them, token prices become more stable, and more stability in token prices, in turn, encourages more mining as

8 days ago

Credits LED logo for platform monitoring▪️ ...

Credits LED logo for platform monitoring▪️ https://t.co/bhARLpMYY3 @creditscom #CREDITS #CREDITSplatform… https://t.co/lDoC9yeGWD

9 days ago

Italian Court Denies Registering Businesses Using Cryptocurrency

Businesses in Italy using cryptocurrency may no longer enjoy the mainstream benefits of decentralized economy. According to the reports, companies based on the crypto mechanism or employing cryptocurrency will not be eligible to register their business with Business Register. The news first broke out when an Italian Joint Stock company, named S.r.l (‘società a responsabilità limitata’) found using a specific cryptocurrency which was not registered in any of the main exchanges. Moreover, the company refused to register itself with the Business Register of Italy - although, several other companies already using cryptocurrency were never discriminated to do so. As a result, if the specific cryptocurrency is already listed across trading platforms, law enforcement wouldn’t censure - but the cryptocurrency used by S.r.l is listed under one platform which conflicts the assessment of the country’s economy. As per the legal bureaucracies addressing cryptocurrency “All asset items must have a measurable economic value’. Furthermore, Article 2465 of the Civil code relating to conferment states; Those who confer assets in kind or credits should attach a report containing an indication of the evaluation criteria adopted and the attestation that their value is at least equal to that attributed to them for the purposes of determining the capital share”. It states that while cryptocurrency being used at only one platform has shown the “uncertainty about the confer-ability of the asset types”. However, the digital asset is not also verifiable objectively and hence it questioned why ambiguous assets can be operated within the territory. Following the firm’s application, the court claimed materials that would need to examine the business and approve its commercial operation with Business Register. However, the firm failed to provide the sufficient materials and hence S.r.l would not be registered under Business Register. Since the cryptocurrency is decentralized in nature, it’s quite difficult to deal with businesses employing cryptocurrency within the nation. Furthermore, the court feels that the “improved regulatory frameworks” are needed to effectively handle crypto processes within the country. The post Italian Court Denies Registering Businesses Using Cryptocurrency appeared first on Coingape.

10 days ago

Pac-Man's Game PacNEM Joins the NEM Blockchain

In an official blog post, NEM has announced the arrival of Pac-Man's game PacNEM on its blockchain. NEM blockchain will be used in authenticating players, storing game credits, and keeping track of score leaderboard. Players will be required to enter an XEM address for charging a nominal amount and a username to get started. The game is said to aid in reflecting the ease of using NEM to advertise and sponsor software in the gaming sector. (KE)

10 days ago

Amazon Introduces Custom Blockchain Services

AWS has announced Quantum Ledger Database (QLDB) and Amazon Managed Blockchain offerings. Different Service for Different Need Amazon Web Services, the cloud computing subsidiary of Amazon.com, has introduced two new blockchain-based service offerings which will cater to different category of customers. The first service, named Quantum Ledger Database (QLDB), is a transparent, immutable, and cryptographically verifiable ledger designed for functions like supply chain, finance, manufacturing, insurance, and HR that need a central, trusted authority. The second offering is called Amazon Managed Blockchain, and it enables customers to create and manage networks using the Ethereum or Hyperledger blockchains. Both services will help companies execute business transactions that require an audit trail. QLDB This offering is suited for those use cases which require a centralized, immutable ledger that records the transactions. Examples of such use cases include tracking an item through its supply-chain or tracking credits and debits in banking transactions. The ledger is owned by a single entity in the organization and can be shared with any number of organizations or stakeholders that are working together. QLDB eliminates the need for customers to build complex audit functionality into a relational database or rely on a public blockchain ledger. It uses an immutable transactional log called journal, which tracks each application data change and maintains a complete and verifiable history of changes over time. Shawn Bice, Vice President, Nonrelational Databases at AWS, said: Earlier this year, when we started talking to customers about what they needed from a blockchain solution, we realized that the Amazon QLDB’s ledger technology met a lot of their requirements. They wanted a centrally-owned ledger that provided an immutable way to log the transactions history of their applications and was transparent to all the parties with whom they were interacting. So, today we’re offering an immutable, transparent, and cryptographically verifiable ledger, based on the same one that AWS teams have been using for years at scale, as a fully managed service. Managed Blockchain Some customers need the immutability and verifiable capability of a ledger and multiple stakeholders to transact without the need for a trusted central entity. For customers to commission infrastructure for permissioned blockchain requires not only time but also resources. Amazon Managed Blockchain is a blockchain-as-a-service that is cost effective and easy to set up. The solution can scale up to handle millions of transactions. The service leverages and provides two options for customers to choose from - Ethereum and Hyperledger fabric. For a permissioned network, AWS secures and manages blockchain network certificates with AWS Key Management Service. This removes the need for customers to set up their own secure key storage. Rahul Pathak, General Manager, Amazon Blockchain at AWS, says: Many of our customers want to build applications where multiple parties can execute transactions without a central, trusted authority, and they also need to create a blockchain network. Building a scalable blockchain network with existing technologies is just too hard today, and that’s why customers pay expensive consultants to help them. Pathak added: Amazon Managed Blockchain eliminates the muck involved in setting up a network, adding and removing members, and scaling to meet application demands. Customers can use either Ethereum or Hyperledger Fabric, the two most popular blockchain frameworks, and get a functioning blockchain network set up with just a few clicks. For organizations that intend to pilot blockchain technology within their enterprise, opting for a cloud-based blockchain service provides a cost-effective and straightforward way to do so. With the custom options from AWS, enterprises can choose the option that best fits their specific need. Do you think there is a demand for cloud-based blockchain services? Let us know in the comments below. Images courtesy of Shutterstock. The post Amazon Introduces Custom Blockchain Services appeared first on Live Bitcoin News.

13 days ago

BitMax.io (BTMX.com) Debuts Attractive Mining Models with Low Commission, Tight Spreads and Longer-term Value View

BitMax.io (BTMX.io) is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. As the world’s first true 3rd-generation cryptocurrency exchange platform, BitMax.io officially launched reverse mining with trans-fee mining for the public on Nov 18, 2018, at 8:09 PM EST (Nov 19, 2018, at 9:09 AM, CST). These services have gone live along with new, industry lowest commission rates that have been set to encourage more trading activities on the platform, as well as very tight market spread rates as compared to the wider crypto exchange market. When coupled with mining and reverse mining, BitMax.io’s low trading commission rates can help traders save substantially in terms of fees. Low Commission and Tight Market Spread BitMax.io enhances the trader cost savings in two key areas: By offering the lowest trading commission in the market (0.04%), and by providing users access to highly liquid trade markets that lead to very tight market spreads. Furthermore, BTMX token design with respect to mining, storage, and token consumption architected to provide price stability and potential longer-term value, in relative to other industry players over the long run. BitMax.io set aside large portion of daily transaction fee revenue as the Data Usage Fee Pool (“fee pool”) for those users who sign up for the data sharing. As BitMax.io’s revenues grow, the platform’s fee pool grows incrementally. However, since the total number of BTMX tokens in circulation gets smaller over time, the distribution of fee pool for those token users can get higher and higher. Token Economics and BTMX Stability Next, we have token economics. BTMX token economics has built-in incentive mechanisms, including reverse-mining and token consumption that manage the number of tokens in circulation, and design of fee pool distribution that supports the value of holding BTMX on the longer term from price point of view to daily return from the fee pool. The BitMax.io platform keeps the information up-to-date on the front page, which again attests to their commitment to being transparent and client-centric. How is this possible? The way the BitMax.io data usage fee pool is structured with the longer term of view. Other exchanges give out daily revenue completely every day and users have to be fully dependent on the next day’s business performance for next day distribution, which is unpredictable. BTMX token economics is different from that in terms of distributing certain portion of the pool on a daily basis and demonstrate the steady growth day after day. Therefore, the users can see the longerterm value from holding BTMX over period of time. Low rates are part of the BitMax.io project vision and mission to offer liquid, high-performance and low-cost crypto trading experiences to everyone. Furthermore, BitMax.io’s team of Wall Street quant trading veterans have architected innovative trading protocols that are redefining the way exchanges operate. These protocols, namely reverse mining with trans-fee mining, place heavy emphasis on fairness, liquidity, and trade-based income streams for traders of all sizes with differentiation between maker and taker trades. BTMX Allocations for Mining & Reverse Mining Now that the platform has successfully established the best commission rate in the market, and with reverse mining and trans-fee mining protocols launched and in place, BitMax.io is happy to announce that 10 billion BTMX have been allocated for mining and reverse mining for all traders! All crypto enthusiasts are invited to this exciting launch and are encouraged to participate in BitMax.io trading in order to earn BTMX tokens and to earn from mining while enjoying transaction rebates with reverse mining for maker trades. To recap the benefits of these models, trans-fee mining incentivizes trading on the platform by allowing traders to earn a new, valuable token, the BTMX platform utility token, whenever they conduct a trade. BitMax.io deducts trade transaction fees from users but then credits the user’s account with BTMX tokens of the same value. This is a vastly different approach to traditional exchange trading in which transaction fees are simply deducted from orders. As for reverse mining, it incentivizes the users who places maker trades by giving them a rebate of transactions fee in exchange for an equivalent market value of the platform’s native BTMX token that the user holds in their account. The maker trades are those trades that have not been filled immediately and remain open either partially or fully (such as a limit order). The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply. Reverse mining and tra

14 days ago

Credits Monitor functionality expanded. New page with detail...

Credits Monitor functionality expanded. New page with detailed information about tokens created on the platform was… https://t.co/imgNpp3glm

14 days ago

Today we give a chance to get acquainted with @Docker 🐋 and ...

Today we give a chance to get acquainted with @Docker 🐋 and how it can be used in CREDITS software.… https://t.co/TqIopybhUo

14 days ago

BitMax.io’s Debuts Attractive Mining Models with Low Commission, Tight Spreads and Longer-term Value View

BitMax.io (BTMX.io) is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. As the world’s first true 3rd-generation cryptocurrency exchange platform, BitMax.io officially launched reverse mining with trans-fee mining for the public on Nov 18, 2018, at 8:09 PM EST (Nov 19, 2018, at 9:09 AM, CST). These services have gone live along with new, industry lowest commission rates that have been set to encourage more trading activities on the platform, as well as very tight market spread rates as compared to the wider crypto exchange market. When coupled with mining and reverse mining, BitMax.io’s low trading commission rates can help traders save substantially in terms of fees. Low Commission and Tight Market Spread BitMax.io enhances the trader cost savings in two key areas: By offering the lowest trading commission in the market (0.04%), and by providing users access to highly liquid trade markets that lead to very tight market spreads. Furthermore, BTMX token design with respect to mining, storage, and token consumption architected to provide price stability and potential longer-term value, in relative to other industry players over the long run. BitMax.io set aside large portion of daily transaction fee revenue as the Data Usage Fee Pool (“fee pool”) for those users who sign up for the data sharing. As BitMax.io’s revenues grow, the platform’s fee pool grows incrementally. However, since the total number of BTMX tokens in circulation gets smaller over time, the distribution of fee pool for those token users can get higher and higher. Token Economics and BTMX Stability Next, we have token economics. BTMX token economics has built-in incentive mechanisms, including reverse-mining and token consumption that manage the number of tokens in circulation, and design of fee pool distribution that supports the value of holding BTMX on the longer term from price point of view to daily return from the fee pool. The BitMax.io platform keeps the information up-to-date on the front page, which again attests to their commitment to being transparent and client-centric. How is this possible? The way the BitMax.io data usage fee pool is structured with the longer term of view. Other exchanges give out daily revenue completely every day and users have to be fully dependent on the next day’s business performance for next day distribution, which is unpredictable. BTMX token economics is different from that in terms of distributing certain portion of the pool on a daily basis and demonstrate the steady growth day after day. Therefore, the users can see the longerterm value from holding BTMX over period of time. Low rates are part of the BitMax.io project vision and mission to offer liquid, high-performance and low-cost crypto trading experiences to everyone. Furthermore, BitMax.io’s team of Wall Street quant trading veterans have architected innovative trading protocols that are redefining the way exchanges operate. These protocols, namely reverse mining with trans-fee mining, place heavy emphasis on fairness, liquidity, and trade-based income streams for traders of all sizes with differentiation between maker and taker trades. BTMX Allocations for Mining & Reverse Mining Now that the platform has successfully established the best commission rate in the market, and with reverse mining and trans-fee mining protocols launched and in place, BitMax.io is happy to announce that 10 billion BTMX have been allocated for mining and reverse mining for all traders! All crypto enthusiasts are invited to this exciting launch and are encouraged to participate in BitMax.io trading in order to earn BTMX tokens and to earn from mining while enjoying transaction rebates with reverse mining for maker trades. To recap the benefits of these models, trans-fee mining incentivizes trading on the platform by allowing traders to earn a new, valuable token, the BTMX platform utility token, whenever they conduct a trade. BitMax.io deducts trade transaction fees from users but then credits the user’s account with BTMX tokens of the same value. This is a vastly different approach to traditional exchange trading in which transaction fees are simply deducted from orders. As for reverse mining, it incentivizes the users who places maker trades by giving them a rebate of transactions fee in exchange for an equivalent market value of the platform’s native BTMX token that the user holds in their account. The maker trades are those trades that have not been filled immediately and remain open either partially or fully (such as a limit order). The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply. Reverse mining and tra

14 days ago

Dash is not affected by the BitPay Copay attack

Good day everyone ! You might have seen the news on [GitHub](https://github.com/dominictarr/event-stream/issues/116), [Twitter](https://twitter.com/ummjackson/status/1067131569612058624), [ZDNet](https://zdnet.com/article/hacker-backdoors-popular-javascript-library-to-steal-bitcoin-funds/), and various other places on the net. The whole JavaScript ecosystem discovered an attack targeting BitPay's Copay product.In order to be sure the compromised package was included in Copay during the building phase, the attacker had to spread an ingenious, obfuscated and malicious code across the whole ecosystem.This malicious code was looking for a description of a package (bunch of code that works as libraries to enhance programmer's productivity) that had the specific message, "A Secure Bitcoin Wallet", and used that as a decryption key to unveil and execute the dormant code. This matched two projects: Copay, and our first fork of copay created 2 years ago while Dash was studying the idea of using Copay as a foundation for DashPay. We did not pursue this idea further, and that project was never used. The **Dash Copay Beta** that we worked on and released **was not targeted and therefore won't manage to steal your funds.** ​ Here is the exact naming thing that got everyone (including ZDNet at one point) confused: \- dash-copay is the name of the repository for the Dash version of Copay, this one **is not at risk** for different reason (pkg description, different dependencies,...)- copay-dash: Is the library that was also at risk, because it was a fork that we did not even bother to Dashify, so raw, that's it's more a tag of a specific version of Copay that a fork. This one, no one has used (except for bots and researchers that downloaded it in recent days). ​ **So, what happened ?** I’ve been looking at it, thanks to a message from Bitpay. I want to first say how grateful I am to BitPay; they were blazing fast in sharing with us this information, which allowed us to get in touch with ZDNet and clear all suspicions on Dash. ​ And secondly for all the foundations they paved, theses packages remain open-source which means that if you do not maintain them, they get outdated, with issues and vulnerabilities. And in this case, I think that the Bitcoin community would benefit from grouping together and starting a Patreon (or forking our governance system) to fund some devs to be able to keep everything up-to-date, to be able to verify the dependencies, and to be able to improve and reduce their dependencies. ​ So that should be cleared up: This attack targeted everyone, people from React, Vue, Nodemon, from the Node Security team or the Google Security team, experts in their domain also didn't notice it, because it’s finding a needle in a haystack.So clearly, it's not about BitPay, but it’s good warning for all of us to improve our package dependency strategy and review processes. ​ On the 20th of November, a CS Student found that a package included some strange code. He found a code that he couldn’t really understand, but that is known by most of the crypto community devs (JS).He immediately understood that it was malicious, but it took the community time to get the information, and given the control that the attacker had, we are lucky he didn’t or couldn’t remove the GitHub issue...No fault on that--as a Student, did you know who to contact when you found malicious JS code? (FYI to all CS students: [https://nodejs.org/en/security/](https://nodejs.org/en/security/) is also to be used for third-party vulnerabilities) ​ This code, present in a minified file, but not in the regular file (the one people actually read), was trying to decipher an aes256 ciphered message that was first turned into a hexadecimal string. The decryption key is the npm\_package\_description, all packages have one, but Copay specifically has "A Secure Bitcoin Wallet". How did they find that? Well, by iterating all packages descriptions available (and there are a lot of them). ​ When you enter this passphrase, you then get the code that is injected. This injection as explained before, targets your private keys, requires another package to do that (bitcore-wallet-client), and will then send that information to either: \- A domain bought using crypto and a throwaway email address: copayapi.host (cost: 0.99$/yr..)- If it doesn’t resolve, to a direct static ip (111.90.151.134) which resolves to a Malaysian Transit Service. ​ Because Dash Copay does not use \`bitcore-wallet-client\`, and doesn’t have the same description, we were not targeted. The attacker has targeted Bitpay Copay implementation having bch / btc. They didn’t care at all about trying to target other implementations like Dash. ​ This is a good reminder for us that our decision to limit our dependencies is the right one. It doesn’t help our productivity, but it will

14 days ago

Join Credits Online Hackathon. 63 people have already regist...

Join Credits Online Hackathon. 63 people have already registered and will compete in development of dApps and servi… https://t.co/HjRPJ60VwE

15 days ago

BitMax.io (BTMX.com)’s Debuts Attractive Mining Models with Low Commission, Tight Spreads and Longer-term Value View

CoinSpeaker BitMax.io (BTMX.com)’s Debuts Attractive Mining Models with Low Commission, Tight Spreads and Longer-term Value View With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. As the world’s first true 3rd-generation cryptocurrency exchange platform, BitMax.io officially launched reverse mining with trans-fee mining for the public on Nov 18, 2018, at 8:09 PM EST (Nov 19, 2018, at 9:09 AM, CST). These services have gone live along with new, industry lowest commission rates that have been set to encourage more trading activities on the platform, as well as very tight market spread rates as compared to the wider crypto exchange market. When coupled with mining and reverse mining, BitMax.io’s low trading commission rates can help traders save substantially in terms of fees. Low Commission and Tight Market Spread BitMax.io enhances the trader cost savings in two key areas: by offering the lowest trading commission in the market (0.04%), and by providing users access to highly liquid trade markets that lead to very tight market spreads. Furthermore, BTMX token design with respect to mining, storage, and token consumption architected to provide price stability and potential longer-term value, in relative to other industry players over the long run. BitMax.io set aside large portion of daily transaction fee revenue as the Data Usage Fee Pool (“fee pool”) for those users who sign up for the data sharing. As BitMax.io’s revenues grow, the platform’s fee pool grows incrementally. However, since the total number of BTMX tokens in circulation gets smaller over time, the distribution of fee pool for those token users can get higher and higher. Token Economics and BTMX Stability Next, we have token economics. BTMX token economics has built-in incentive mechanisms, including reverse-mining and token consumption that manage the number of tokens in circulation, and design of fee pool distribution that supports the value of holding BTMX on the longer term from price point of view to daily return from the fee pool. The BitMax.io platform keeps the information up-to-date on the front page, which again attests to their commitment to being transparent and client-centric. How is this possible? The way the BitMax.io data usage fee pool is structured with the longer term of view. Other exchanges give out daily revenue completely every day and users have to be fully dependent on the next day’s business performance for next day distribution, which is unpredictable. BTMX token economics is different from that in terms of distributing certain portion of the pool on a daily basis and demonstrate the steady growth day after day. Therefore, the users can see the longer-term value from holding BTMX over period of time. Low rates are part of the BitMax.io project vision and mission to offer liquid, high-performance and low-cost crypto trading experiences to everyone. Furthermore, BitMax.io’s team of Wall Street quant trading veterans have architected innovative trading protocols that are redefining the way exchanges operate. These protocols, namely reverse mining with trans-fee mining, place heavy emphasis on fairness, liquidity, and trade-based income streams for traders of all sizes with differentiation between maker and taker trades. BTMX Allocations for Mining & Reverse Mining Now that the platform has successfully established the best commission rate in the market, and with reverse mining and trans-fee mining protocols launched and in place, BitMax.io is happy to announce that 10 billion BTMX have been allocated for mining and reverse mining for all traders! All crypto enthusiasts are invited to this exciting launch and are encouraged to participate in BitMax.io trading in order to earn BTMX tokens and to earn from mining while enjoying transaction rebates with reverse mining for maker trades. To recap the benefits of these models, trans-fee mining incentivizes trading on the platform by allowing traders to earn a new, valuable token, the BTMX platform utility token, whenever they conduct a trade. BitMax.io deducts trade transaction fees from users but then credits the user’s account with BTMX tokens of the same value. This is a vastly different approach to traditional exchange trading in which transaction fees are simply deducted from orders. As for reverse mining, it incentivizes the users who places maker trades by giving them a rebate of transactions fee in exchange for an equivalent market value of the platform’s native BTMX token that the user holds in their account. The maker trades are those trades that have not been filled immediately and remain open either partially or fully (such as a limit order). The deducted BTMX tokens are then put into permanent lock-up, effectively moving them from the market supply. Reverse mining and trans-fee mining not only enhance the trading effici

15 days ago

North America: Crypto and Blockchain News Roundup 16-22 November 2018

North America Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country. USA Ponzi Scheme Figure Arrested and Extradited to the US: OneCoin’s public face Sebastian Greenwood has been arrested and extradited to the US after the company collapsed amid Ponzi scheme allegations. Greenwood was captured by authorities in Thailand who facilitated the transfer back to his country. The Federal Bureau of Investigation (FBI) has a USD 400 million indictment against Mark Scott, and Greenwood is also named. He disappeared back in 2016 just before the crash of the OneCoin scam. Crypto VC Compares Bitcoin to Post 1990s Amazon: Lou Kerner, a Bitcoin investment VC has compared Bitcoin to the post dot-com bubble Amazon. Amazon remained strong after the bubble burst of the late 1990s and is one of the most valuable companies in the world right now. According to Kerner, the volatility is part of any long-term investment remembering how in 2013, the value was down almost 70% in one night. He said: “Nobody likes being down like this. But this is what investing in crypto is all about.” Kerner is overall positive regarding the future of Bitcoin. John McAfee Partnering with Art Firm to Auction Picasso’s Works: John McAfee, the eccentric Bitcoin billionaire has now teamed up with Maecenas and ERC-20 exchange Ethershift to auction Picasso’s paintings later this year. The initiative called Project Phoenix will plan the auction for the unnamed Picasso and made the announcement on the Maecenas website. According to the website: “The auctioning process will be executed using Maecenas technology. The newly created digital asset, the first of its kind, will be represented as a single ERC-721 token for the digitalized artwork. A fixed number of ERC-20 tokens will separately represent shared ownership in the physical asset.” It is expected that the BTC payment option will be available in the proceeding because of McAfee’s involvement. IBM and Columbia University Promoting New Blockchain Startups with Latest Courses: Two blockchain accelerator programs are being offered at Columbia University in partnership with IBM for blockchain-based firms and innovators. According to IBM: “The goal of these programs is to help network founders develop their ideas into sustainable and scalable companies offering blockchain solutions. For those already further along in their journey, the programs are designed to help them achieve scale and build successful business networks.” IBM is also willing to offer entrepreneurs and blockchain innovators access to expertise and resources for establishing new use cases and products. Former SEC Commissioner Appointed in Director Role by Blockchain Company: Former Securities and Exchange Commission (SEC) commissioner Annette Nazarath has been unveiled as a Director by blockchain company BitFury. With Nazarath’s extensive experience as a regulator, the company will have valuable insight into the workings of financial platforms and thus the ability to design their own system accordingly. Colorado Regulator Closes 4 Initial Coin Offerings (ICOs) for Violating Laws: The Colorado Division of Securities has announced the closure of 4 ICOs who were found to be violating securities laws of the state. Global Pay Net, CrowdShare Mining, Cyber Smart Coin, and Credits LLC were closed down by the government. Two more ICOs are expected to meet the same fate in the near future. A total of 24 cease and desist orders have been issued by the state commissioner in total. Canada Lawmakers Calling for AML Regulations: Canadian lawmakers are looking to tighten cryptocurrency regulations in the country to fight Anti-Money-Laundering (AML) and other illicit activities in the country. The Blockchain Association of Canada is against the new proposed legislation in the country and is asking the government to cooperate with the sector instead of imposing unilateral sanctions. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: BitcoinNews The post North America: Crypto and Blockchain News Roundup 16-22 November 2018 appeared first on BitcoinNews.com.

17 days ago

We are LIVE!🔴 Today we are discussing "Development of smart ...

We are LIVE!🔴 Today we are discussing "Development of smart contracts using Credits platform"… https://t.co/aS5SpgvAUd

19 days ago

Check out our Developers Portal to read the first of our tec...

Check out our Developers Portal to read the first of our tech article series: "How to use the CREDITS API" 📁… https://t.co/8WwEnVXkF2

21 days ago

Credits Business Trip. From Greece to Mongolia Full Report ▪...

Credits Business Trip. From Greece to Mongolia Full Report ▪️ https://t.co/gpeSzl2AJ7 @creditscom #CREDITS… https://t.co/sVBlg0S2wb

22 days ago

Stellar XLM Digital Asset Report: Review And Investment Grade

Stellar XLM Digital Asset Report: Introduction Stellar is a scalable distributed ledger technology with primary applications for payment transactions, trading, and distributed applications. While the project is often seen as a B2C alternative to Ripple, it is other use cases, such as the decentralized exchange, that will likely determine if Stellar succeeds or fails in the long-run. When it comes to the team behind the project, Stellar has a troubled past that raises uncomfortable questions about its leadership. There are also concerns around centralization and governance of the network. However, the fast pace of development and adoption, in addition to a high level of awareness and community support within the cryptosphere, make it one of the frontrunners in the blockchain infrastructure race. With that said, Stellar needs to do more in the dApp space in order to remain competitive with other comprehensive solution projects. Its low level of use case implementation enables competitors to strengthen their network effect. This report is the Initiation Report - our first deep dive into Stellar’s performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page. Part One: The Business Case Stellar Market Opportunities Stellar has the potential to disrupt several markets. As a payment solution, it can make an impact in the digital global remittance space, expected to grow to over $8.5 billion by 2025, and the contactless payment space, expected to grow to $801.4 billion in value by the same year. With over 65% of the world population having a bank account, capturing a piece of this market represents a substantial opportunity for growth. It could also provide a solution for the 1.7 billion unbanked people around the globe, through its partnerships with popular remittance services such as Tempo and Coins.ph. Stellar’s decentralized exchange solution makes the network a player in the crypto trading space as well. Today, trading in the crypto industry is still dominated by centralized exchanges. Total trading volume has crossed the $11 billion mark and number of crypto wallet holders has topped 28 million, making this a significant opportunity for DEX solution providers. With use of gateways and token creation, Stellar could also penetrate traditional asset markets. This would be a much larger playground, as the total value of the global stock market alone was valued at over $77 trillion in 2017. Just in the US, an average of 18.7% of taxpayers across the country directly own stocks. Last, but not least, Stellar enables the creation of smart contracts and the development of dApps on the network. The top ten Ethereum dApps, according DappRadar, can reach a 7-day volume of over 79,000 ETH. At a price of $204 per ETH, this puts the figure of 7-day volume at over $16 million, which projects to over $830 million over the course of a full year. As the industry grows, those number will also continue to grow. Consider that worldwide mobile application revenue is projected to be around $188.9 billion in 2020. The dApp space could, in time, become similarly vibrant. Number of new dApps per month, per Stateofthedapps.com Stellar is bound to face stiff competition in each one of its target market segments. Below is a table representing some of the key competitor projects. Project Name Ticker Launch Date Key Features Market Cap Stellar XLM Started 2014; SCP Upgrade 2015; -FBFT consensus; -1000 op/sec; -3-5 sec confirmation; -DEX; -Starlight; -non-Turing Complete smart contracts; $4.331 billion Dash DASH Started 2014; Rebranded 2015; -PoW consensus; -PrivateSend; -InstandSend; -Infrastructure - POS, ATMS, merchant partnerships; $1.128 billion Waves WAVES Mainnet launch 2016; -LPoS consensus; -100 tps; -DEX; -smart contracts; -payment gateways; -simple token creation; $0.147 billion Ethereum ETH Started 2014; Frontier launched 2015; -PoW consensus; -Turing Complete smart contracts; -biggest dApp ecosystem $18.201 billion User and developer adoption will determine the winner among the blockchain network projects. While Ethereum has a big lead in terms of dApps, it is not insurmountable, especially given the negative press it has received around scalability issues. Dash and other competitors have a lead in the payments and remittance space, but no single player has yet gained widespread adoption; in this particular case, Stellar’s use of Anchors as trusted issuers of credit and deposits gives it a natural market penetration angle. Finally, the DEX space is still in its infancy as it struggles to compete for volume with centralized

23 days ago

PR: Leading eShop MonetaryUnit, See’s Token Value Soar, Supports 42 Cryptocurrencies for Online Shopping

Bitcoin Press Release: Top eCommerce company MonetaryUnit has recorded substantial value rise in its digital $MUE token. The rise has been attributed to the fast adoption of its growing service, which now allows online buyers to use over 40 cryptocurrencies to purchase good with. 8th November 2018, London, UK - 70 Million household items can now be bought worldwide, as acceptance of over forty cryptocurrencies becomes the flagship payment option on MonetaryUnit’s ($MUE) relaunch of the largest UK independent marketplace. Since the summer acquisition of the Flubit.com brand, MonetaryUnit’s $MUE coin has shot up 37% in value, making it one of the leading players in the market today. Importantly for the wider crypto industry, this provides fresh validation for those seeking to make cryptocurrency an everyday payment asset. The company has already seen a surge in demand from communities wishing to have their coins added as payment options. Bertie Stephens, CEO of Flubit.com, spoke today about the important challenges of enabling a coin to be adopted into everyday life. “Being part of the Flubit.com shopping ecosystem can create demand for a coin, increase volume of trading, and consequently help grow a coin’s value and future relevance. Any community can apply, and we consider applications of those coins that we believe meet the same ethos as the MonetaryUnit’s own blockchain and crypto technologies”. The founder of the MonetaryUnit Blockchain project, Byron Barnard emphasised the project’s focus is to create environments that are accessible to all and free from the stigma that the blockchain/crypto space is only for techies. “Online shoppers expect the ease of checkout that card-payments currently gives them; prior to today that just hasn’t been possible at scale with cryptocurrency. On Flubit.com you can now simply choose any item from multiple sellers, select your preferred coin, and pay within a few clicks. Millions of everyday household items can be bought with crypto and zero fuss”. Flubit.com (a marketplace similar to Amazon’s offering), connects thousands of suppliers together, allowing users to purchase different items directly from multiple sellers in one basket. A setback to previous use-cases of cryptocurrency has been a slow adoption-rate from traditional businesses, but as Steph Fiala, Chief Operating Officer of Flubit.com explains, that is no longer a pain-point for sellers. “Sellers won’t know if they’ve received an order paid with a crypto or fiat currency. Where required and prior to an order being sent through to a seller, our technology automatically converts crypto payments into their native-currency. Sellers can now access a $15bn/day industry risk-free, an advantage they cannot get via other marketplaces”. The coins available at the launch of Flubit.com crypto offering are: BitCoin, BitCoin Cash, Dash, DogeCoin, Ethereum, Ethereum Classic, Komodo, LiteCoin, Ripple XRP, XMR Monero, Beancash, BlackCoin, Bitcoin gold, CloakCoin, Crown, Decred, DigiByte, Game credits, Groestlcoin, Lisk, MaidSafeCoin, NavCoin, Neo, Namecoin, Nxt, Peercoin, Pura, Qtum, SmartCash, Stratis, Syscoin, TokenPay, Tron, Ubiq, Vertcoin, Waves, NEM, Verge, ZCoin, Zcash and Horizen Media Contact Contact Name: Ashley Hill Email: Ashley.hill@flubit.com To find out more, visit - https://www.MonetaryUnit.org/ Visit Flubit - http://www.flubit.com To download the wallet - https://github.com/muecoin/MUE/releases Get the wallet for Android - https://play.google.com/store/apps/details?id=com.muepay.wallet Follow MonetaryUnit on Twitter - https://twitter.com/monetaryunit Official Discord Channel - http://discord.gg/5PD3X7G Monetary Unit is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Leading eShop MonetaryUnit, See’s Token Value Soar, Supports 42 Cryptocurrencies for Online Shopping appeared first on BitcoinNews.com.

a month ago

Credits team is expanding! This time to New York 🇺🇸 We are l...

Credits team is expanding! This time to New York 🇺🇸 We are looking for a proactive Senior Business Development Mana… https://t.co/QNQ7BSUnEr

a month ago

Stream is already LIVE🔴 ...

Stream is already LIVE🔴 https://t.co/rPV1Zp5LTi Today we will discuss "How to use Credits API" and answer all you… https://t.co/S5gx4jiJJP

a month ago

We announce the start of registration at Credits Hackathon 2...

We announce the start of registration at Credits Hackathon 2018. Do not miss the first intro stream at 12:00 UTC o… https://t.co/mjt3cHYdqe

a month ago

Find out about Credits Smart Contracts and their main advant...

Find out about Credits Smart Contracts and their main advantages in our new article https://t.co/RBO518kRxm… https://t.co/JRA5LQu2gZ

a month ago

We are pleased to inform you that Credits launch a series of...

We are pleased to inform you that Credits launch a series of webinars dedicated to Credits Hackaton 2018 ▪️The firs… https://t.co/HLwWtyiePy

a month ago

Credits at @BlLife_Forum 2018. Full Report Follow the link...

Credits at @BlLife_Forum 2018. Full Report Follow the link: https://t.co/rM7cLsSKvG @creditscom #CREDITS… https://t.co/V4f8xZkoBo

a month ago

Australian Crypto Firm Power Ledger Releases its 2019 Roadmap

Australian crypto firm Power Ledger has released its roadmap for 2019. The firm, which aims to decentralize electricity, highlighted its current developments and 2019 prospects in an official blog post. Per the announcement, Asset Germination Events will provide new sources of funds for blockchain-based energy projects. In Q1 2019, the firm plans to expand to Asian countries such as China, Thailand, and Japan. Also, it will focus on launching certificate trading and carbon credits next year. Virtual Power Plants 2.0 will be launched in 2019 Q3. Its token, POWR is currently trading at $0.159, a 90% decline from the all-time high hit in January. (KE)

a month ago

LIVE! LIVE! LIVE!🔴 Credits Q&A on the air! ...

LIVE! LIVE! LIVE!🔴 Credits Q&A on the air! https://t.co/Lrvj3UZUV1 @creditscom #CREDITS #CREDITSplatform… https://t.co/DvZIXpqOvN

a month ago

Do not miss the chance today to ask your questions during th...

Do not miss the chance today to ask your questions during the Credits Q&A Livestream. Stream starts at 14:00 UTC… https://t.co/re33JiGgOL

a month ago

Bithumb Unveils the Details of Season 3 of its Airdrop

Bithumb, the second largest crypto exchange in South Korea has released the details of season 3 of its airdrop which will have two events starting tomorrow. The firm announced that the first event would involve 15 BTC and ends on December 11. The firm said it would announce the winners of this event on December 24. The second event will see the people in the top three positions receive 7 BTC, 100 ETH, and 8,000 XRP. Those in spots four and five will receive credits while those in six and seven will receive coupons. The firm has not yet announced the end date of this event. (KE)

a month ago

Daily Cryptocurrency News - 10th November 2018

Here are the most important cryptocurrency news of 10th November 2018: MUFG Bank Exploring Ripple’s Technology for New Service MUFG - THe largest bank from Japan is now exploring Ripple’s technology for their new cross-border payment service. The service will be available between Mitsubishi UFJ Financial Group (MUFG) and Banco Bradesco - one of the largest bank in Brazil. Both banks have a long history - MUFG has over 360 years of history while Branco Bradesco was founded in 1943 in the city of Osasco, São Paulo. There was a memorandum signed between this two yesterday. And it also caught the media attention, as CryptoEri , a well known Tokyo crypto analyst tweeted about this news: Ripple Snagged A Monster!! The biggest bank in Japan (MUFG, headquartered in Tokyo, 360 year history, 1800 locations, & 50 countries) is going to execute on cross-border remittances between JAPAN and Brazil. Learn this Japanese word: DEKAI = gargantuan https://t.co/SVIPRHjHyq — CryptoEri (@sentosumosaba) November 10, 2018 This partnership is a great thing for Ripple as its community is growing as the RippleNet gains more and more customers. Indeed, the transfers are not made in XRP so that won’t impact the price probably - but its great to see financial institutions creating partnership with cryptocurrency ones. It shows to people and investors that crypto is not an investment opportunity, but it also have a real life use-case that’s beneficial for everyone. VeChain Digital Carbon Platform Introduction Vechain recently announced their future VeChain Carbon Ecological Platform. Basically, they want to create an environment where users would be incentivized for reducing the CO2 emissions. So, every action you make in a day-to-day basis can and will be recorded on the VeChainThor Blockchain. If you buy an ecological bag instead of a normal plastic one, you will win Carbon Credits - that can be used to get discounts on the VeChain partners. Therefore, this will allow anyone to have an impact over the environment of the earth and be rewarded for that. If you’re driving an eco-friendly vehicle - the milleage will be converted into Carbon Credits as well and it will show you how your contribution is helping making the world a better place. Its a nice concept, perfectly for people that wants to save the environment while also be rewarded for it! This will be possible due to the VeChainThor blockchain, which will create a smart contract giving people rewards for their small contribution. VeChain plans to bring this to companies as well as corporations to create a low-carbon ecosystem. The idea sounds great and there are many people that will probably be interested in this. Tron’s Decentralized Exchange is Live on TronScan In late september, Marcus Zhao informed the TRX community the future plans for Tron’s blockchain. Among these plans, there was also the activation of Tron Virtual Machine (TVM) as well as the activation of a decentralized exchange. Now, the Tron community can be happy as Tron have its first decentralized exchange live on TronScan. The exchange went live with 3 tokens listed there: dice/TRX , WIN/TRX and SEED/TRX. But now, there are a few more such as TronWatchMarket/TRX, CryptoGuyInZa/TRX and CryptoChain/TR To start trading there, you need to link your TRX wallet there or create a new one and fund it. The process is fairly simple, especially for someone used with decentralized exchanges. If you however want your cryptocurrency listed there, all you need to do is to complete the Tron DEX form. Tron also have another exchange launching soon. Tron Watch Market is another decentralized exchange that aims to be the fastest DEX in the crypto-space. There’s already a demo version of Tron Watch Market DEX, you can check that here. Once its done, the Tron Watch Market will allow users to trade between TRON, TRX10 and TRX20 tokens - with more to come upon the launch. The Story of Jeff Garzik, one of Bitcoin’s earliest pioneers If you’re passionate about Bitcoin and you were there from the start, you probably know who Jeff Garzik is. If not,don’t worry, we’ll talk more about him now. Jeff Garzik was the “third-biggest contributor” to Bitcoin’s code and one of the people that made Bitcoin what is is now. He was one of the Satoshi’s collaborators and someone that helped him put the pillars to what Bitcoin is today. He’s the CEO of Bloq and works with giants industry companies. Discover, Barclays, Citigroup and Fidelity are just a part of their partners. Giving his opinion on Bitcoin’s 10th birthday, he claimed that: “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success.” He also shares his opinion about who Satoshi Nakamoto is, hiting to Dave Kleiman. “My personal theory is that it’s [Satoshi Nakamoto] Floridian Dave Kleiman. It matches his coding style, this gentl

a month ago

Cryptocurrencies to Target for the Next Bull-Run (OAX, XLM, HOT)

Cryptocurrencies OAX, HOT, and XLM are worth looking into if you’re looking for coins with the best chance to outperform Bitcoin price in Q4 2018. Small Cap Vs. Low Price Cryptos (A Trader’s Mindset) The mindset of a cryptocurrency trader in a bull vs. a bear market is vastly different. During the last bull-run, two types of cryptocurrencies had a tendency to ‘pump.’ Ones with very low market caps on big exchanges and those with very low prices. The coins with low market caps, dedicated teams, with the network to get listed on top exchanges should be acquisition targets heading into the next bull-run vs. the alternative of buying low priced coins. A very low market cap coin with major unknown quarter four events: OAX, should perform exceptionally well in the short term. The market sentiment has continued to shift from the summer of 2018 through the beginning of quarter four. With crypto personalities and technical analysis pointing to a December bull-run, the question becomes fairly obvious: How does one take advantage of the shifting of market sentiment and the possible impending moonshot? The last bull run which concluded 2017 had two main types of cryptocurrencies that saw significant pumps. These two types included very low cost per coin cryptocurrencies regardless of their market capitalization. The other type were coins that had a very low market cap. Coins with a low market cap are the coins which should be targeted vs. the ones that the price seems “cheap” on. Most individuals who are not accustomed to cryptocurrencies do not realize the importance of market capitalization vs. actual price. For example: consider 2 cryptocurrencies, one is trading at $0.50 the other at $2.00, the first has a market cap of $100 million, the second has a market cap of $5 million. Which is the better investment if both are about to have $1 million in demand of the cryptocurrency generated by an announcement? The answer is the second, with a $5 million market cap and $2.00 price. The reason for this is if $1 million of demand is generated for a cryptocurrency with a $5 million market cap the total market cap will increase to $6 million. This 20% increase in market cap will be reflected by the price increasing by 20%, from $2.00 to $2.40. The first coin with a market cap of $100 million would now have a market cap of $101 million and the $.50 crypto would have increased to $0.505. If you purchased the cryptocurrency with the lower market cap you would make 20% compared to 2% for the coin with the higher market cap. With all else equal it is always a better idea to target a lower market cap cryptocurrency vs. one with a ‘lower price.’ OAX has one of the smallest market caps on Binance and is my #1 acquisition target for this reason, along with many others. For those wanting a lower price coin with a significantly higher market cap HOT and XLM are fantastic options. OAX OAX 00 is one of the lesser known and discussed cryptocurrencies, which is a great reason to begin targeting it before the Twitter personalities and “whales” begin their accumulation. OAX is also listed on the highest volume exchange, Binance, which is notorious for solely listing tier 1 projects. So what is OAX’s project that impressed Binance enough to list? I had the pleasure of discussing with the OAX team many aspects about their project during a recent interview. According to Wayland Chan who is the Technology Lead of the OAX Foundation, by the end of 2018 OAX will “deliver a stand-alone DEX using the work done building a scalable layer 2 solution.” This very significant event is not listed on cryptocurrency calendar websites nor is it commonly known in the space. What is most impressive about OAX’s decentralized exchange (“DEX”) is that they plan to have an “off-chain order book, off chain order execution, as well as no custody of user assets.” OAX could be the scalable solution that DEX’s have sought for years. The OAX project is very ambitious but having secured a Binance listing their legitimacy should not be challenged. The first prototype of the DEX was delivered in June and since the developer have been finalizing the layer 2 solution using off-chain solutions to solve the performance problems of blockchains. According to OAX’s Technology Lead, We’ve made huge strides...and expect to soon announce some big news that will definitely rock the boat. As much as I pressed I was unable to get an inside glance at what this ‘breakthrough’ was. This year, OAX was trading as high as $2.28, having dropped to under $0.35 since. With their platform becoming a reality, now is the perfect time to acquire a position. The future of OAX looks very bright. OAX plans to have a layer 2 working prototype by the end of 2018. Their DEX has the potential to revolutionize the exchange community and the scaling difficulties they face. ICOs were all the craze at the end of 2017, DEXs are becoming the next craze with looming regulations and government crackdowns alread

a month ago

Countries and Enterprises Can Access Green Capital Market Thanks to Blockchain Technology

Regardless of futuristic forecasts, blockchain technology doesn’t seem to have that many real-world applications, especially at a large global scale. The green capital market, however, tends to stand out, as blockchain has already been tried and tested. It opens up ecological markets for enterprises by allowing emissions trading. Emission Trading and What it Entails Emission trading is a phenomenon which was initially brought forward by the Kyoto Protocol in 2005. It came into effect in order to reduce the harmful effects of CO2 emissions into the atmosphere, the issuers of which are mainly power plants using fossil fuels. Emission quotas and carbon credits (these are the accountable emission reductions) are measured by carbon units, each one of which is equivalent to one ton of carbon dioxide which is emitted into the atmosphere. Now, since the quota emissions are limited and also subjected to a fine, carbon credits are respectively in demand and, hence, available for purchase on the exchange. This is a practice called cap and trade. There are other market models as well - such as credit-based, tax and trade, or transaction-based. The point of this trading is to offset the damage done to the environment in the most cost-efficient way, while, at the same time, stimulating companies to reduce harmful emissions on their own and attract further investors. Of course, as it is almost always the case, all of this sounds a lot better than it is in practice. The market is plotted with a range of issues such as disintegration, unpredictability, fraud, lack of transparency, high transaction costs, over-centralization, over-regulation, and so forth - the list goes on. Enters Blockchain The world’s very first carbon units transaction through blockchain happened back in the spring of 2017. They were carried out in the DAO IPCI blockchain ecosystem. The system is built on the Robonomics digital platform introduced by Airalab. It mixes together verification, registration, as well as environmental commodities market functions, allowing users to properly allocate and to manage environmental assets and liabilities through the blockchain. The concept is based on an effective P2P (peer-to-peer) market interaction of several parties. These include those who are responsible for the damage to the environment, those who suffer from them, and those who attempt to provide mitigation tools. The technology guarantees both reliability and transparency when it comes to carbon credits verification producers and transactions. It also sets forth possibility of global interactions between otherwise fragmented carbon pricing initiatives with carbon market institutions. It eliminates unnecessary intermediaries and carbon registries, making the entire operation much more efficient. The pilot transaction was made between Aera Group in France and the Russian Carbon Fund under the Blockchain Climate Standard in the DAO IPCI blockchain. The used credits had Mauritius origin. As of right now, the target audience of the project contains 53 jurisdictions, a range of voluntary carbon market solutions, and the international aviation industry. According to DAO IPCI, the carbon market is much likely to reach $10 trillion in med-term perspective. It’s worth noting that the above-mentioned use case exhausts only one of the potential implementations of the Robonomics Network. It opens up the green capital market and brings forward investment opportunities for countries, as well as for the so-called small buildings which improve efficiency and sustainability. A 40-storey office building, which consumes a lot of energy for heating, air conditioning and maintaining its systems, can also calculate its carbon footprint and acquire units through the platform. - Says Sergey Lonshakov, Airalab visionary leader, Robot economics architect. After managing to attract more than $1 million in investments through the first round of ICO in 2017, his team is currently preparing for the next phase of Robonomics token distribution and brings forward a bounty program for miners. In short, blockchain-based solutions provide the following benefits and options: It creates incentives for enterprises to further improve and modernize their production and to become even more energy efficient. It registers climate commitments as well as mitigation tools. It creates and develops an environmental assets and liabilities market, which also includes the green bonds market. What do you think of blockchain in the field of emissions trading? Don’t hesitate to let us know in the comments below! The post Countries and Enterprises Can Access Green Capital Market Thanks to Blockchain Technology appeared first on Bitcoinist.com.

a month ago

Blockchain Helps to Regulate CO2 Emissions Globally

CO2 emissions as one of the causes of climate change require consolidation at the level of large issuers: industrialized countries and energy generating companies. That’s where blockchain comes into play. According to NASA, 17 of the warmest 18 years on record have occurred since 2001, while global average sea level has risen nearly 178 mm over the past 100 years and continues to rise by 3.2 millimeters annually. One may be skeptical of the “global warming” term, but there’s another indicator: the level of dioxide emissions. According to the same source, carbon dioxide levels in the air are at their highest in 650,000 years. Carbon credits The largest CO2 issuers into the atmosphere are power generating companies fueled by fossil materials. To reduce the harmful effects caused by manufacturing, the Kyoto Protocol came into effect in 2005, providing for emission trading. Carbon credits (accountable emission reductions) are measured by carbon units equivalent to one tonne of CO2 emitted into the atmosphere. Since above-quota emissions are limited and subject to a fine, carbon credits are in demand and available for purchase on the exchange. Other market models like credit-based or tax and trade are also developed and implemented. However, the markets suffer from over-regulation, over-centralisation, unpredictability, and non-transparency. Here is the time for blockchain The world’s first carbon units transaction using this technology took place in the spring of 2017, in the DAO IPCI blockchain ecosystem. The system built on the Robonomics Network by Airalab, combines verification, registration, and environmental commodities market functions. Based on peer-to-peer market interaction, it allows users to allocate and manage environmental assets and liabilities through distributed ledgers stored in the blockchain. The technology ensures transparency and reliability of carbon credits verification procedures, transactions and the possibility of global interactions between fragmented carbon pricing initiatives. Smart building solution For now, 53 jurisdictions and numerous voluntary carbon market solutions make up the project’s target audience, let alone international aviation pilot market mechanism while carbon market is likely to reach $10 trillion in the mid-term perspective, according to the DAO IPCI. The above-mentioned case describes only one of Robonomics Network’s implementations. It opens up a green capital market and investment opportunities not only for countries but also for so-called smart buildings improving their efficiency and sustainability. A 40-storey office building, which consumes a lot of energy for heating, air conditioning and maintaining its systems, can also calculate its carbon footprint and acquire units through the platform, says Sergey Lonshakov, Airalab visionary leader, Robot economics architect. After attracting over $ 1 million investment through the first round of ICO held in 2017, his team is now preparing for the further Robonomics tokens’ distribution and establishing a bounty program for miners. This will enable a full Robonomics ecosystem’s deployment with the subsequent project’s implementations. The post Blockchain Helps to Regulate CO2 Emissions Globally appeared first on Live Bitcoin News.

a month ago

Meanwhile, Credits are going to Mongolia to Building Digita...

Meanwhile, Credits are going to Mongolia to Building Digital Relationships Conference To make an appointment, cont… https://t.co/HNQY655hC8

a month ago

Credits protect the company’s blockchain developments by fil...

Credits protect the company’s blockchain developments by filing patents on intellectual property… https://t.co/0VdkTztV3H

a month ago

Blockchain Opens Green Capital Market to Countries and Enterprises

Despite the futuristic forecasts, there are not so many real-world applications of the blockchain technology, especially at a global scale. But the green capital market, where the blockchain has already been tested and proven its applicability, is not a case. The technology opens ecological markets for enterprises, allowing emissions trading. In this publication, we explain how this happens. Before turning to a specific case, let’s touch upon the above-mentioned emission trading and clarify the essence of this phenomenon. The case concerns emissions of CO2 into the atmosphere, whose main issuers are power generating companies using fossil fuels. To reduce the harmful effects on the environment and the prevention of climate change, the Kyoto Protocol came into effect in 2005, providing for emission trading. Emission allowances, or quotas, and carbon credits (accountable emission reductions) are measured by carbon units equivalent to one tonne of carbon dioxide emitted into the atmosphere. Since above-quota emissions are limited and subject to a fine, carbon credits are in demand and available for purchase on the exchange. This practice is called cap and trade. Other market models like credit-based or tax and trade or transaction-based are also developed and implemented. The point of carbon units trading is not only to make countries buy off problems but also to make mitigation, offsetting of environmental damage most cost-efficient, to stimulate them to reduce harmful emissions, effectively develop their economy and attract investments. However, if the theory looks great, things are somewhat more complicated in practice. The markets suffer from over-regulation, over-centralisation, and disintegration, unpredictability, fraud, and non-transparency, as well as high transaction costs. This is where blockchain comes into play The world’s first carbon units transaction using this technology took place in the spring of 2017, in the DAO IPCI blockchain ecosystem. The system built on the Robonomics digital platform by Airalab, combines verification, registration, and environmental commodities market functions. It allows users to allocate and manage environmental assets and liabilities through distributed ledgers stored in the blockchain. DAO IPCI concept is based on the peer-to-peer market interaction of several parties including those who are responsible for environmental damage, those who suffer the damage and mitigation (offsetting) instruments providers. The technology ensures transparency and reliability of carbon credits verification procedures, transactions, possibility of global interactions between fragmented carbon pricing initiatives, with carbon market institutions, eliminating middleman, carbon registries, in the first place. The pilot transaction has been carried out in DAO IPCI under Blockchain Climate Standard between Aera Group (France) and Russian Carbon Fund with the solar energy carbon credits of Mauritius origin in March 2017. For now, 53 jurisdictions and numerous voluntary carbon market solutions make up the project’s target audience, let alone international aviation pilot market mechanism while carbon market is likely to reach $10 trillion in the mid-term perspective, according to the DAO IPCI. The above-mentioned case describes only one of Robonomics Platform’s implementations. It opens up a green capital market and investment opportunities not only for countries but also for so-called smart buildings improving their efficiency and sustainability. A 40-storey office building, which consumes a lot of energy for heating, air conditioning and maintaining its systems, can also calculate its carbon footprint and acquire units through the platform, says Sergey Lonshakov, Airalab’s visionary leader, Robot economics architect. After attracting over $ 1 million investment through the first round of ICO held in 2017, his team is now preparing for the further Robomics tokens’ distribution and establishing a bounty program for miners. Summing up Blockchain-based solutions allow to: create incentives for enterprises to modernize their production, and for buildings to become more energy efficient, register climate commitments and mitigation instruments, create and develop environmental assets and liabilities’ market, including the green bonds market. The post Blockchain Opens Green Capital Market to Countries and Enterprises appeared first on NewsBTC.

a month ago

Meet the Credits team at @BlLife_Forum in St. Petersburg 🇷🇺 ...

Meet the Credits team at @BlLife_Forum in St. Petersburg 🇷🇺 @creditscom #CREDITS #CREDITSplatform #CStoken… https://t.co/Cg19brHwgA

a month ago

Stellar (XLM) Becomes Fourth Token To Join The Blockchain.com Wallet

The world’s sixth largest cryptocurrency according to rankings from coinmarketcap has joined Bitcoin, Ethereum and Bitcoin cash to become the fourth cryptocurrency listed on UK’s Blockchain.com wallet. An airdrop totaling $125 million worth Stellar token (XLM) has been deposited by the wallet to its user platform as the UK based digital wallet showed full support for Stellar. Stellar’s vision to create a system that widely distributes Lumen to a worldwide audience is fast becoming a reality as its network will be made pronounced to Blockchain’s 30 million account users. The blog post read ; “We’re thrilled to announce SDF’s largest lumen distribution to date: an up-to-500 million XLM distribution to users of leading digital asset wallet provider, Blockchain. This airdrop will put the Stellar name and technology in front of Blockchain’s 30 million account holders, and will bring many new users into our ecosystem.” Blockchain.com whilst appreciating its user base of nearly 30 million wallet holders has revealed Stellar’s airdrop to be the largest airdrop of crypto history. “Starting today, in celebration of adding full support for XLM in the Blockchain Wallet, we’ll begin giving away $125,000,000 of Stellar (XLM) to YOU, our users. With nearly 30M Blockchain Wallets to date, we’re excited to add an entirely new way for users to get their first crypto.” _ Blockchain.com Stellar which also has a strong vision for diversity to support all forms of digital assets ranging from fiat currencies to carbon credits are also witnessing impressive adaptation by financial institutions. Due to its stellar simple asset- insurance feature, the token has increased its fiat supported platform in several counties all around the world. Blockchain.com had been listed on LinkedIn as one of the top ten leading cryptocurrency exchange wallets in the UK that is highly sorted after. Prior to Stellar’s listing, the digital wallet had only supported Bitcoin and two other altcoins (Ethereum & Bitcoin cash). The wallet is also strictly restricted to crypto to crypto operations and is yet to accommodate any fiat currencies. The post Stellar (XLM) Becomes Fourth Token To Join The Blockchain.com Wallet appeared first on ZyCrypto.

a month ago

Cryptaur is now a ‘Top E-Commerce Project’

The recently launched blockchain supported platform, Cryptaur was recently featured as a top e-commerce project in articles from top crypto publications like CCN, Coin Report, Global Coin and more A Great Leap The tremendous effort of Cyprus based blockchain company Cryptaur has been recognised by leading crypto publications, as they were recently regarded as one of the shining light in the crypto industry in recent articles and publications. The remarkable feat was achieved less than a year after the launch of the group’s initial coin offering of the Cryptaur utility token (CPT). Cryptaur witnessed a successful pre -ICO and four-part ICO funding stage. The number of token sold by the group during this period amounts to 8.5 billion for a total of $60,000. Cryptaur is an engaged crypto community with 90,000 active CPT wallet users. The CPT token is now being traded worldwide through a number of cryptocurrency exchanges, which includes HitBTC, LATOKEN, and Orderbook, and will trade on additional top exchanges in the foreseeable future. With the availability of over a hundred ICO, Cryptaur is way above its other competitors after surpassing them in the total number of funds raised from investors; this is due to a well-conceived ecosystem that addresses many of the costly economic challenges currently being encountered in the market. The Chief Executive Officer and Founder of Cryptaur Dmitry Buriak stated: ‘’We are pleased with the article, which demonstrates what we’ve always believed: that Cryptaur is set to eliminate the middleman from a wide range of everyday transactions, increasing economic efficiency for everyone involved’’. The articles highlight the importance of Cryptaur, especially in the retail marketplace, branding the company as a distinguished project in the marketplace, in its exact words, CNN stated that Cryptaur is ’’the best blockchain e-commerce project we’ve seen that truly levels the playing field, offering an environment in which products and services are vetted by community consensus’’ As part of its target for 2018, Cryptaur successfully launched credits cards by Fintech United Group in June and also launched the automatic Know Your Customer (KYC) at Fintech United Group in August. Cryptaur was founded in 2017 in Cyprus; the company helps to increase efficiency by removing middlemen from a wide range of social and financial transactions. The decentralized ecosystem supports peer-to-peer transactions, online gaming and so much more. To find out more visit- www.cryptaur.com To download Cryptaur the wallet- www.wallet.cryptaur.com Find cryptaur on Facebook- www.facebook.com/cryptaur Follow cryptaur on twitter- www.twitter.com/cryptaur Official telegram channel- https://t.me/ Cryptaur telegram chat- http://t.me/cryptaur Follow on Instagram- www.instagram.com/cryptaur Cryptaur Team Linkedin- www.linkedin.com/company/11000132 Cryptaur medium- www.medium.com/@cryptaur Cryptaur youtube- http://www.youtube.com/c/CryptaurOfficialEnglish Join the cryptaur Reddit- http://www.reddit.com/r/Cryptaur Media contact Contact name - Anastasia Vestfal Contact Email- info@cryptaur.com The post Cryptaur is now a ‘Top E-Commerce Project’ appeared first on ZyCrypto.

a month ago

We are glad to announce Credits Q&A Livestream 🎞️ On Nov...

We are glad to announce Credits Q&A Livestream 🎞️ On November 12th we will answer the community questions and also… https://t.co/mRE5tCAepp

a month ago

That's great to hear SAFeth ❤️ Always keen to get your feedb...

That's great to hear SAFeth ❤️ Always keen to get your feedback via Twitter or our cs email 👍 https://t.co/ooP4Cwd3mk

a month ago

We are glad to announce that Credits TestNet 2.2 version was...

We are glad to announce that Credits TestNet 2.2 version was released. Detailed information about bug fixes to fol… https://t.co/4bZvjMeMN3

a month ago

We are delighted to announce that the security audit of Cred...

We are delighted to announce that the security audit of Credits Blockchain Platform consensus and transport protoco… https://t.co/hnylgi5q26

a month ago

Credits Blockchain Platform is launching Global Ambassador C...

Credits Blockchain Platform is launching Global Ambassador Campaign! We are looking for: Motivated and energetic… https://t.co/j1aVa3wArD

a month ago

Credits will take part in Blockchain FS Technology Forum or...

Credits will take part in Blockchain FS Technology Forum organised by @cfconferences Stay tuned for updates! Mor… https://t.co/S6bEf5sClG

a month ago

XRP, Stellar (XLM), EOS, and Cardano (ADA) are the Best Buy Bet, Declares Weiss Crypto Ratings

Weiss Crypto Ratings has announced its highest-rated cryptos viz. XRP, Stellar (XLM), EOS, and Cardano (ADA) that makes them the best cryptos to invest in. It further shares the methodology behind its grading system along with why Bitcoin is still a C+. Best Investment Options Not long ago, Weiss Crypto Ratings announced four cryptocurrencies viz. Aurora Chain (AOA), Bitcoin Diamond (BCD), Credits (CS), and Mixin (XIN) that investors should stay away from. Now, it has provided with four cryptos that have got the best grading, giving them the buy preference. In its latest blog, Weiss crypto ratings’ Martin D. Weiss, Ph.D. and Juan M. Villaverde talk about these four cryptos that are “beginning to put it all together,” with advanced tech and adoption in the real world. However, it does mention that they aren’t “all the way there yet,” but are surely making good progress. XRP, Stellar (XLM), EOS, and Cardano (ADA) are the best cryptos to invest as they get the best rating of B- by Weiss crypto ratings that shares, “XRP and Stellar are appealing to businesses and other organizations, mainly for speedy financial transfers. In contrast, EOS and Cardano are designed more as virtual communities, with each participant empowered to influence the future direction of the project, spanning a broad range of applications.” Apparently, these four have technology that’s “built for excellence” and is further capable of achieving their goals. Moreover, during the past 10 months, they are enjoying “rapidly improving adoption metrics.” They conclude their findings with: “They’ve made remarkable progress during a period of massive investor losses, broad reputational damage to the industry, and worse. So imagine what their market performance could be like once the crypto markets firm up and investor interest returns in a big way!” In the same article, it also shares the methodology followed by them to grade cryptos. Its technology model focuses on the blockchain technology, adoption model measures performance in the real world, investment risk model evaluates volatility and downside price risk, and investment reward model deals with the upside potential. As for why not rate all cryptos, it specifies “they’re strictly utility tokens, typically issued by a startup company or project for very limited purposes.” It further provides the explanation on why Bitcoin only gets a C+, “poor risk/reward metrics. outdated technology, including slow transaction speeds, difficulty in scaling, weak governance, and more. Much of this could improve as the Lightning Network rolls out, but that could take a lot more time.” The post XRP, Stellar (XLM), EOS, and Cardano (ADA) are the Best Buy Bet, Declares Weiss Crypto Ratings appeared first on Coingape.

a month ago

BitMax.io Launches Innovative Mining to Benefit Crypto Trading and Exchange Community

CoinSpeaker BitMax.io Launches Innovative Mining to Benefit Crypto Trading and Exchange Community With its relentless focus on transparency, reliability and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. The project’s roadmap has numerous user-friendly features, trader-focused services, and investment-grade solutions that can be used by crypto enthusiasts of all types. One of these, an innovative mining solution, will be launched, and first phase public testing of mining activities will go live on the BitMax.io platform on November 1st, 12am EST. About BitMax.io’s Mining Leveraging their quant trading background and deep knowledge of the capital market, the team is working on introducing the transaction-fee based “Trans-Fee Mining” model that would distribute back the transaction fees to traders in the form of the exchange’s own token. The more traders trade, the more tokens they will receive, hence the term “transaction mining”. Furthermore, the team introduces specific incentive structure for market maker trades, the type of trading behavior adding liquidity to the exchange. This development has the potential to revolutionize crypto trade and exchange. Trading on Traditional Exchanges Traditional exchanges charge different rates from both makers and takers for using their platform, with both parties being deducted anywhere between 0.2% and 0.05% or so for each trade executed. This means that the more you trade, the more you pay to the exchange in transaction fees. Many big exchanges have profited heavily by following such models, but BitMax.io is bringing about a paradigm shift by making it easier for investors and private individuals to benefit from crypto trade and investment. With the trans-fee-mining model, users can save transaction fees and get platform tokens simply by executing trades on the BitMax.io exchange, regardless of market conditions, volatility, or other external factors. How Trans-Fee-Mining Works In trans-fee-mining model the BitMax.io trading platform uses an innovative utility token called BTMX. Instead of deducting a fixed percentage from all trades as trading fees, BitMax.io instead credits makers and takers with an equal value of BTMX. In this way, BTMX is mined as an outcome of regular trading. This not only conserves mining energy, but also incentivizes trading regardless of external factors by providing traders with a new token (BTMX) that has a rich secondary market and can be used for future trading and other activities. This is a huge positive factor for traders who execute trades in times of market volatility. Furthermore, BTMX can be traded with other cryptocurrencies based on available trading pairs, or can be cashed out to the user’s BitMax.io wallet. Additional Mining Specs BitMax.io’s rules governing mining and the creation and distribution of tokens are designed to ensure fairness and transparency. These rules are as below. Types of Mining: “Mining” is the process where the traders pay transaction fees at a certain level and receive a certain amount of BTMX as a trading reward. “Reverse-Mining” is a separate unique incentive structure for the Maker trades, the process of the platform paying transaction fee at certain rate in return for equivalent market value of BTMX that the user holds in the account. “Regular Trading” is simply not opting for either Mining or Reverse-Mining and conducting regular trades on the platform. Rules for Makers and Takers: A Taker is someone who places an order that is immediately filled fully or partially (for example, a market or stop order) before getting on the order book. A Maker is when a user places an order that doesn’t fill immediately partially or fully (such as a limit order) and sits on the order book waiting to be matched. Traders can select either Mining or Regular Trading mode for their Taker trades. For Maker trades, they can select one from Mining, Reverse-Mining, or Regular Trading mode. *Please note that additional details on fee calculations and mined token utilization will be published over the coming weeks. Mining Design Protocols This innovative new approach to mining and trading is built on a very comprehensive token creation and exchange operating framework that factors in all of the key elements of sound token economics design, including all of the following: Token production output control and target mining rate control to manage the sustainable rate of tokens being mined as part of supply. Managing liquidity: the rule design including very innovative structure to encourage liquidity provision type trading behavior Profit-sharing/allocation mechanism: Since BTMX tokens constitute a new form of utility value on the BitMax.io, for those token holders who agree to share transaction data, there will be further platform fee distribution to encourage them to continue holding BTMX. Mandatory lock-up for large sale order: This is

a month ago

BitMax.io Launches Innovative Mining to Benefit Platform Traders

About BitMax.io BitMax.io is a global operator of innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. The project’s roadmap has numerous user-friendly features, trader-focused services, and investment-grade solutions that can be used by crypto enthusiasts of all types. One of these, an innovative mining solution, will be launched, and first phase public testing of mining activities will go live on the BitMax.io platform on November 1st, 12 am EST. About BitMax.io’s Mining Leveraging their quant trading background and deep knowledge of the capital market, the team is working on introducing the transaction-fee based “Trans-Fee Mining” model that would distribute back the transaction fees to traders in the form of the exchange’s own token. The more traders trade, the more tokens they will receive, hence the term “transaction mining.” Furthermore, the team introduces specific incentive structure for market maker trades, the type of trading behavior adding liquidity to the exchange. This development has the potential to revolutionize crypto trade and exchange. Trading on Traditional Exchanges Traditional exchanges charge different rates from both makers and takers for using their platform, with both parties being deducted anywhere between 0.2% and 0.05% or so for each trade executed. This means that the more you trade, the more you pay to the exchange in transaction fees. Many big exchanges have profited heavily by following such models, but BitMax.io is bringing about a paradigm shift by making it easier for investors and private individuals to benefit from crypto trade and investment. With the trans-fee-mining model, users can save transaction fees and get platform tokens simply by executing trades on the BitMax.io exchange, regardless of market conditions, volatility, or other external factors. How Trans-Fee-Mining Works In the trans-fee-mining model, the BitMax.io trading platform uses an innovative utility token called BTMX. Instead of deducting a fixed percentage from all trades as trading fees, BitMax.io instead credits makers and takers with an equal value of BTMX. In this way, BTMX is mined as an outcome of regular trading. This not only conserves mining energy but also incentivizes trading regardless of external factors by providing traders with a new token (BTMX) that has a rich secondary market and can be used for future trading and other activities. This is a huge positive factor for traders who execute trades in times of market volatility. Furthermore, BTMX can be traded with other cryptocurrencies based on available trading pairs or can be cashed out to the user’s BitMax.io wallet. Additional Mining Specs BitMax.io’s rules governing mining and the creation and distribution of tokens are designed to ensure fairness and transparency. These rules are as below. Types of Mining “Mining” is the process where the traders pay transaction fees at a certain level and receive a certain amount of BTMX as a trading reward. “Reverse-Mining” is a separate unique incentive structure for the Maker trades, the process of the platform paying transaction fee at a certain rate in return for the equivalent market value of BTMX that the user holds in the account. “Regular Trading” is simply not opting for either Mining or Reverse-Mining and conducting regular trades on the platform. Rules for Makers and Takers A Taker is someone who places an order that is immediately filled fully or partially (for example, a market or stop order) before getting on the order book. A Maker is when a user places an order that doesn’t fill immediately partially or fully (such as a limit order) and sits on the order book waiting to be matched. Traders can select either Mining or Regular Trading mode for their Taker trades. For Maker trades, they can select one from Mining, Reverse-Mining, or Regular Trading mode. *Please note that additional details on fee calculations and mined token utilization will be published over the coming weeks. Mining Design Protocols This innovative new approach to mining and trading is built on a very comprehensive token creation and exchange operating framework that factors in all of the key elements of sound token economics design, including all of the following: Token production output control and target mining rate control to manage the sustainable rate of tokens being mined as part of the supply. Managing liquidity: the rule design including a very innovative structure to encourage the liquidity provision type trading behavior. Profit-sharing/allocation mechanism: Since BTMX tokens constitute a new form of utility value on the BitMax.io, for those token holders who agree to share transaction data, there will be further platform

a month ago

Interview: Lyn Ulbricht (Ross’ mother) on Bitcoin and criminal justice

In its early days, Bitcoin was an interesting invention and people were trying to convene to find its usefulness in trading pictures or buying pizza. However, it wasn’t until Ross Ulbricht created Silk Road that people actually saw the true value of Satoshi Nakamoto’s invention: a decentralized, trustless and uncensorable currency is the perfect fit for a free anonymous market which allows users to engage in trade without the intervention of a governmental regulator. If the Silk Road was a libertarian pipe dream which got taken down by the FBI and led to the arrest of its founderss, Bitcoin has managed to thrive thanks to its newly-acquired reputation as uncontrolled sound money which enables financial sovereignty. But on the 10th anniversary of Satoshi Nakamoto’s “Bitcoin: A Peer to Peer Electronic Cash System“, it’s good to think about the first people who helped Bitcoin rise to popularity and demonstrate its unprecedented qualities. Regardless if you sympathize with Ross Ulbricht and align with his ideological beliefs, you can’t deny his influence and importance in the history of the world’s biggest and most important cryptocurrency. I found out about Bitcoin from an article on Silk Road. Whatever you think of Silk Road, Ross Ulbricht, creator of Silk Road, does not deserve a life sentence w/o the possibility of parole. Please join me to sign the petition: https://t.co/ln7BeGuoWR #FreeRossPetition @Free_Ross — Charlie Lee [LTC] (@SatoshiLite) July 20, 2018 For this reason, we’ve decided to contact the Free Ross initiative and have a conversation with Lyn Ulbricht, the mother of Ross and the main advocate behind his attempt to receive clemency from the President of the United States of America. To some, Ross is the reason they have become millionaires and have started successful careers in crypto: Litecoin creator Charlie Lee has declared that he found out about Bitcoin after reading an article about Silk Road, while the likes of Roger Ver and Erik Voorhees have showed their open political and financial support to the Silk Road architect. Ross Ulbricht was ahead of his time in his decision to adopt Bitcoin as the only mean of payment - and if today Wall Street executives begin to acknowledge the value of Bitcoin and contemplate on opening trading desks, in 2011 the situation was not as optimistic and prospective for money-making. For the Bitcoin Whitepaper’s tenth anniversary, you’re invited to read an insightful interview which is meant to take you back to different times when BTC was still a new and promising technology. You also get to learn about the consequences and martyrdom of being ahead of your time by adopting a mean of payment which the governments frown upon. Just keep in mind that the views expressed only belong to the author and do not reflect the opinions of Crypto Insider, its writing contributors, and its sponsors. Transcription credits go to Vlad, Blakely, and Nathan. Cover image courtesy of Ulbricht family. Vlad: Hello and welcome to the Crypto Insider interview. I’m Vlad and today’s a very special occasion because, on the 10th anniversary of Bitcoin, we get to talk to none other than the mother of Ross Ulbricht, Mrs. Lyn Ulbricht. Did I say that right? Lyn Ulbricht: Correct! Vlad: It’s good to have you hear and you have no idea influential is in this industry and how many millionaires exist today because of him. Lyn Ulbricht: Well, maybe they’ll help me get him out, and many have, but um, I’m gonna continue to need financial support so I hope some of those people will step up because I have a lot of lawyers right now. Vlad: I remember the first time I heard about the case, I was in Paris, I think in 2014, and I was reading the Rolling Stone coverage which presented Ross as some sort “Billy the kid” of our times. Lyn Ulbricht: Yeah, that was a horrible interview. Vlad: Yeah, I remember, but I didn’t know better either because — Lyn Ulbricht: I didn’t know better either, I just talked to a guy, it was a mistake. Vlad: So he’s portrayed as a villain, and that’s all I could get at the time, it wasn’t like I had all these resources and right now. Before recording I checked the website, the FreeRoss.org website, and you have this series of documentaries which are called Railroaded. Lyn Ulbricht: Railroaded - that’s right, the targeting and caging of Ross Ulbricht, yeah. Vlad: I’ve watched the first couple of them and they were very informative and they reveal a lot about the U.S. judiciary system. Lyn Ulbricht: Uh huh - and also it’s important for people to realize that it’s completely based on the record, we’re not saying any opinion or what we think, this is all just strictly taken from the public record, and we did it because we realized that we didn’t even know everything, nevermind people reading the media which was so limited. So we started putting it together and it became kind of a narrative really, and then someone said “hey, do an audio component,” and we were very lucky to ha

a month ago


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