Market Cap $ 1.379 Bn (#12)
24h Volume $ 203.988 MM
Chg. 24h: 2.66%
Algo. score 4.5/5  (#3)
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Dash News

Government Regulation and the Future of Privacy-Focused Cryptocurrencies

In recent times, governments around the world have charted a new course for cryptocurrency regulation, and it’s one that seeks to exclude privacy-focused cryptocurrency. Moving away from the complete banning of digital currencies, these governments are tackling two core issues: protecting investors and traders, and making sure that cryptocurrencies avoid becoming breeding grounds for criminals. This trend has sparked many regulatory requirements, from anti-money laundering rules to KYCs. But as these governments intensify their regulations, we must ask ourselves what is the future of privacy-focused cryptocurrencies geared toward maintaining user privacy to the core? Anonymous Coins: Living Up to Their Names In its developmental stages, Bitcoin had earned a name as a cryptocurrency that provides complete anonymity to its users, drawing many privacy lovers to it. Today, that notion has changed completely. Though it might not be possible to trace transactions made on the Bitcoin blockchain to a specific identity, other details, including location and amount of transactions, are visible. And the fact that linking your identity to the blockchain will expose your transactions to the public ledger shows that, after all, the world’s largest and most popular cryptocurrency isn’t completely anonymous. In turn, privacy coins have come to save the day. Beginning its journey in 2014 as Xcoin and later Darkcoin, Dash is one of the most popular privacy-focused coins in the cryptosphere. Its privacy feature PrivateSend, previously called Darksend relies on the CoinJoin mechanism of boxing-up transactions and making them difficult to identify participants of a particular transaction Another popular privacy coin is Monero. Developed through the CryptoNight Proof of Work protocol, Monero has risen to be one of the best privacy coins in existence today. Transaction sources and destinations are untraceable in Monero. For example, to escape scrutiny from authorities, the WannaCry ransomware hackers reportedly converted their hoard to Monero. Additionally, after the closure of the darknet marketplace AlphaBay, authorities reported that they could not identify the amount of Monero on the platform, cementing the privacy coin as a good place not just for privacy-oriented individuals, but as a hiding place for some criminals. Other privacy coins have sprung up and gained popularity as well, including Zcash, PIVX, Navcoin, Verge, among others. For proponents of the privacy coin, cryptocurrencies should be able to help privacy-oriented people conduct their financial transactions without prying eyes. Providing that infrastructure shouldn’t be a headache. But unfortunately for many, governments do not think so. Government Crackdown on Privacy Coins Though there has not been a comprehensive regulatory oversight on cryptocurrencies in general, many governments are devising ways of preventing criminals from using these digital currencies as their go-to financial system. These governments are also making sure that traders and investors in this space pay tax. But for privacy coins, the story is not that favorable even though many authorities haven’t turned their attention to the anon coin sector. In a written testimony in June this year, Deputy Assistant Director of Office of Investigations at the US Secret Service Robert Novy recommended that privacy-focused cryptocurrencies like Monero and Zcash should be regulated to prevent fraud. In May, Japan’s Financial Services Agency put pressure on anonymous cryptocurrencies, gingering crypto exchanges like Coincheck, a Japanese-based cryptocurrency exchange to announce its delisting of privacy coins, including the likes of Augur, Monero, Dash, and ZCash. The reason? Coins that grant a high level of anonymity might be used for money laundering activities according to the FSA. But can Privacy-Focused Coins be Stopped by Governments? Government regulation would surely hamper the growth of privacy coins, but not completely. One specific area that would be hard hit is the ability to exchange these coins for fiat or other cryptocurrencies. However, as the cryptocurrency space grows, privacy would be an integral part of this sector, and privacy coins might potentially rule that space. As Chief Marketing Officer for Dash Fernando Gutierrez puts it, There are many legitimate reasons to want privacy in the cryptocurrency space and there is the obvious consideration about privacy being a human right but then there is the huge issue of security. Having financial information public or semi-public is extremely dangerous. The only way to provide security for the average user is to allow them to keep some information private. When cryptocurrencies find their way into the mainstream and become a true internet money as many predict, privacy coins would be the order of the day for people who don’t want to have a public ledger of their everyday transactions. When the time comes, governments might have to co

3 hours ago

XRP Experiences Sudden Surge as NEM Climbs to Nine-Week High

XRP surged more than four percent in a matter of hours, taking its price once again above the $0.52. Presently, there are no clear indications for the surge, but the positive developments concerning both Ripple and XRP continue to saturate the news. Meanwhile, Bitcoin, as well as the other top-ten altcoins continue to post positive numbers in the day’s trading. XRP up by Over Four Percent Within a space of fewer than two hours on Monday, XRP surged from $0.49 to $0.52. The hourly chart for the third-ranked cryptocurrency currently shows the presence of a robust buying momentum. This trend is likely because of an influx of traders looking to purchase the coin in the hopes of an even more sustained bull run. However, the strong buying momentum developing for XRP might cause a trend reversal as sudden as the surge in the first place. XRP will need to surpass and hold the $0.55 resistance level to form a new higher high. The last time the price of the token reached the $0.55 threshold, it lost 11 percent over the course of a few days. NEM Surges 25 Percent to Reach Nine-Week High 17th-ranked NEM is one of the biggest gainers on Monday, surging 25 percent to reach a nine-week high. Unlike XRP, the NEM surge is perhaps easier to explain given the recent news of Coincheck reinstating trading of the cryptocurrency. It is, however, important to note that the price surged began almost an hour before Coincheck posted its official announcement. At the height of the rally, NEM crossed $1 billion in market capitalization, its highest level since the start of September. As at press time, a minor pullback has seen the token’s market cap fall back below the billion-dollar mark. At the start of the year, hackers stole half a billion dollars in NEM tokens from Coincheck in one of the biggest cryptocurrency heists in the history of the industry. DASH and IOTA Fail to 50-EMA Apart from XRP, Bitcoin, as well as the other top-ten altcoins also posted marginal gains. Bitcoin, the top-ranked cryptocurrency is hovering above the $6,400 mark, up by almost 0.5 percent over the last 24 hours. XLM recently upstaged EOS to occupy the 5th position based on market capitalization. Its token price is up by almost 0.3 percent within the last 24-hour trading period. Outside of the top ten, both DASH and IOTA have experienced similar price gains while both failing to break their respective 50-EMA. Image courtesy of Shutterstock and Coinmarketcap. The post XRP Experiences Sudden Surge as NEM Climbs to Nine-Week High appeared first on Ethereum World News.

5 hours ago

Dash Outperforms Competitor Cryptocurrencies but Meets Resistance at 50-day EMA

The cryptocurrencies markets are mixed today with some altcoins performing well and others showing losses. The market leader Bitcoin mostly trades flat despite the movements being seen in altcoins. Dash is one of the cryptocurrencies gaining in price today, but it has met some resistance at the 50 EMA. Dash has failed to overcome the 50 EMA since September. The volume on the rise is low showing that there could be little strength behind it. Price also has a downward trend line which has been forming since September. Despite the gain being recorded today in the Dash, it has a slightly more bearish setup than some of its competitor cryptocurrencies. Dash Daily Chart - Source: TradingView.com The price in Dash has been forming a series of higher highs and higher lows today. Dash is ranked twelfth in terms of the total market cap of cryptocurrencies and lacks the liquidity of some of the higher cap coins. This has resulted in some volatile trading which can be a difficult environment for traders to take positions in. The hourly 50 EMA is looking set to cross the hourly 200 EMA to the upside, forming a golden cross. However, this may have little impact given the volatile movements already seen today and also taking into account that the hourly is a lower timeframe that does not hold as much weight. The MACD continues to diverge to the upside showing that the short-term momentum is with the buyers. Price has started to retrace as it meets both the downward trendline and the daily 50 EMA. Dash Hourly Chart - Source: TradingView.com Key Takeaways: Dash is one of the altcoins outperforming most today. Price is meeting resistance at both a downward trendline which has been forming since September and the daily 50 EMA. Golden cross looks set to form on the hourly but likely to have little impact. Dash Outperforms Competitor Cryptocurrencies but Meets Resistance at 50-day EMA was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

6 hours ago

Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base

Evident Proof; a decentralized, unhackable, and immutable blockchain protocol developed by former Microsoft employees has announced that it will start to accept Dash and XRP as their adoption in the crypto sphere continues to grow. The blockchain protocol also accepts BTC, ETH, Bitcoin Cash, Litecoin, Monero, and BNB tokens which were chosen because they are popular within the developer community. The digital assets can be exchanged for the platform’s native tokens (EPT) and can be used as a form of payment for platform fees. Evident Proof Eyes Growth Adrian Clarke, the founder, and chief executive of Evident Proof spoke highly of the adoption of the two digital assets. Clarke said: “The speed in transaction times together with the relative price stability has influenced our decision to accept these new coins. As business adoption of these two cryptocurrencies soar, there is a synergy in accepting them within our platform as opening up EPT to these new tokens increases accessibility and helps to broaden the potential business user base of the Evident Proof platform.” Dash is known for its speed and anonymity. The digital asset has been widely adopted in Venezuela since the country’s native currency collapsed due to hyperinflation. With a market cap of more than $1.3 billion, Dash is the 13th largest cryptocurrency by market capitalization. Its price is currently trading at $167.08, up by 3.86 percent today. Ripple’s XRP is the third largest digital asset by market cap and is trading at $0.50, up by 1.03 percent in the last 24 hours, according to data provided by CoinMarketCap. In recent times, Evident Proof has had a good run of good news. The firm scored 100 percent after its smart contracts were audited by the well-known Hosho. The company also got a seal of approval by CMS, the second largest law firm in the UK. According to the seal, data verified by the firm is admissible in courts in several jurisdictions including the UK, U.S. Europe, Hong Kong, and China. Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 hours ago

Bitcoin ATM Industry Set to Breach 4,000 Machines Worldwide

The number of Bitcoin ATMs sits at 3,989 on CoinATMRadar as of 11 November 2018 and at the average installation rate of 6.29 Bitcoin ATMs per day, the total worldwide should pass 4,000 over the next few days. The number of Bitcoin ATMs has been growing exponentially, with a 100% increase likely in 2018. This article analyzes the Bitcoin ATM industry by type of ATM, cryptocurrencies offered, countries and manufacturers. There are only two fundamental types of cryptocurrency ATMS, 1-way which offer buying services and 2-way which offer buy and sell. There are 2,038 1-way ATMs, and 1,081 2-way machines. While 1-way Bitcoin ATMs are important, 2-way models are more optimized for spreading cryptocurrency adoption, since these turn Bitcoin into a currency that can be used in everyday life, allowing users to sell cryptocurrency for essential things like food and rent. Just about all (99.9%) cryptocurrency ATMs offer Bitcoin: 2,335 offer Litecoin, 1,799 offer Ether, 1,302 offer Bitcoin Cash, 693 offer Dash, 82 offer Monero, 70 offer Dogecoin, and 56 offer Zcash. These are the most popular and reputable cryptocurrencies and at this time, no ATM offers all possible cryptocurrencies. North America dominates the Bitcoin ATM industry with 2,371 in the United States and 677 in Canada. This leaves fewer than 1,000 in the rest of the world. Europe is in second place, with 248 in Austria, 208 in the United Kingdom, 77 in Russia, 67 in Spain, 67 in the Czech Republic, 42 in Switzerland, 38 in Italy, 35 in Slovakia, 26 in Poland, 25 in the Netherlands, 23 in Romania, 19 in Finland, 18 in Greece, 13 in Slovenia, 12 in Hungary, and surprisingly, only 2 in France and 1 in Germany. Despite its second place in continental rankings, they are still considered a rarity in Europe. Outside North America and Europe, less than 5% of Bitcoin ATMs can be found. The massive continent of Asia only has 100 machines - fewer than 1 ATM for every major city. An outlier in the Middle East is the tiny country of Israel, which has 8 Bitcoin ATMs. Australia has 55, and New Zealand has a mere 2. South America has fewer than 40 Bitcoin ATMs, and Africa fewer than 10. While the Bitcoin ATM industry is booming, these figures clearly show that Bitcoin ATMs are a rarity in most of the world, and there is a vast amount of room for the industry to grow. Aside from in the United States and Canada, it is still the very early days for the Bitcoin ATM industry. As far as manufacturers go, Genesis Coin and General Bytes dominate the global Bitcoin ATM industry with over 1,000 each. Lamassu, BitAccess, Coinsource, and Covault have more than 100 Bitcoin ATMs each. Beyond this, there are 38 manufacturers with fewer than 100 Bitcoin ATMs, 4 of which have no machines deployed yet. Although the deployment number for some of these manufacturers are insignificant, it only takes one contract with a country that has practically no Bitcoin ATMs to propel any of these manufacturers to the top of the ranks. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Bitcoin ATM Industry Set to Breach 4,000 Machines Worldwide appeared first on BitcoinNews.com.

11 hours ago

Dash Records Over 3 million Transactions in its Stress Test

Yesterday, the stress test for the Dash protocol took place. The stress test was aimed at determining the capability of the Dash protocol in handling 4.5 million transactions within 24 hours. According to an official blog post, Dash processed 2MB blocks and handled over 3 m transactions within 24 hrs. Dash broke the record among Bitcoin-based blockchains in handling such transactions. Delta engine and mydashwallet orchestrated the stress test. This milestone follows the releasing of v0.13.0.0-rc1, its network upgrade. (KE)

13 hours ago

Bithumb Announces the Airdrop of 100 Million Won Worth of BTC along with 100 ETH & 8,000 XRP

Popular and major South Korean crypto exchange, Bithumb has released the details of the two events starting November 12 involving the airdrop of 15 BTC along with Ethereum, XRP, among others. Major South Korean Exchange Celebrating Super Airdrop Festival One of the major South Korean crypto exchange, Bithumb has released the details on its airdrop season 3. After conducting one of its season in September, we reported last month about the second event that was to come soon. To celebrate its 5th anniversary, the popular exchange is giving away Bitcoin (BTC), Ethereum (ETH), and XRP to the winners. Bithumb took to Twitter to announce: [Promotion] Super Airdrop Season 3 start now! 🔔 15 BTC event 🔔 Airdrop event Don’t miss out and visit [https://t.co/9DBtrcCccj] for details. — Bithumb (@BithumbOfficial) November 12, 2018 The official announcement shares the details of the Super Airdrop covering two events. The first event will be conducted from November 12 to December 11, 2018. For the reward of 15 BTC, winners will be announced on December 24. It further details, “After signing in to Bitsum, click on [Apply for Event] at the bottom, and you will receive 1 million won worth of Bitcoin (BTC) by drawing one of the application members.” As for the second event, it will start from November 12 while the closing date will be declared in a separate notice. The event target is specified, “Top 500 cumulative transaction amounts for every 7 days.” The rewards for this event will be distributed in BTC, ETH, and XRP among other things like coupons as shown below, Airdrop, according to the website, is only available to 1 account with the highest transaction that will be based on the mobile number only for the member who purchases the coupon. Additionally, “In case of Air Drops 4 ~ 5, it will be paid out randomly among the passwords listed on the Company and converted into the closing price on the 7th day.” It further specifies, the winning prize of 15 BTC is equivalent to 100 million won and despite the fluctuations in market price, “winner will receive 15 bitcoins.” Coming on to the coupons, the rough translation states, “Event coupon No. 2 applies only to the five types of passwords (Jet Cache, Monello, Dash, Bitcoin Gold, Omise go), and the password type can be changed after the announcement.” Moreover, the event coupon is not refundable and the commission coupon paid as an event prize has only 1-month validity. However, “this event may be changed or terminated prematurely,” a word of caution is pointed out by Bithumb with the statement that unfair transactions such as fraudulent transactions among others may be excluded from payment. The post Bithumb Announces the Airdrop of 100 Million Won Worth of BTC along with 100 ETH & 8,000 XRP appeared first on Coingape.

13 hours ago

Dash handled 3mln transactions in last 24h. To put that in perspective ATH txs/24h for ETH was about 1,5mln and 0,5mln for BTC. Their networks couldn't handle it and stayed congested for days.

Dash proves to be the most robust and fast p2p digital cash. I sent a tx few hours ago (during the stress test) and it was confirmed in the first block for 0,00001 Dash tx fee. Nice thing is that even if we managed to congest the network and txs would start piling in mempool you could still use InstantSend to have your funds be sent and received in matter of seconds. ​ link: [https://bitinfocharts.com/comparison/transactions-btc-bch-eth-dash.html](https://bitinfocharts.com/comparison/transactions-btc-bch-eth-dash.html) Our only serious competitor (not so sure about that with all that "hash war" comming) of beeing the best "p2p digital cash" reached 2,1mln txs/24h a few months ago.

20 hours ago

Bitcoin ATMs Have Spread to 4,000 Locations Globally

Numerous signs of maturity can be noted across the cryptocurrency industry. A growing number of Bitcoin ATMs is making their mark on the world. This month, the number is expected to surpass the 4,000 milestone. Another Milestone for Bitcoin ATMs Making cryptocurrency more accessible remains a key priority. Bitcoin ATMs have their role to play in this regard. These machines make it easier to buy bitcoin and altcoins with fiat currencies. Nearly 4,000 of these devices can be accessed on a global scale. It is a low number compared to bank ATMs, but more devices are brought online every single day. Currently over 6 Bitcoin ATMs come online every single day. In May, Bitcoinist reported on the 3,000 location milestone for Bitcoin ATMs worldwide. North America is the place to be for accessing Bitcoin ATMs. The continent controls 71.3% of the market at this time. Europe is the somewhat surprising second entrant on the list. Nearly one in four devices can be found in top European cities. Asia, while quite prominent in cryptocurrency trading, only houses 2.56% of all Bitcoin ATMs. Oceania, South America, and Africa are even further down the rankings. One peculiar trend is how operators are not just focusing on Bitcoin. Over six in ten machines support altcoins in various degrees. Litecoin is the most popular altcoin offering, followed by Ethereum and Bitcoin Cash. Support for Dash, Monero, Dogecoin, and ZCash also appears to be on the rise. Additionally, nearly four in ten Bitcoin ATMs let users both buy and sell cryptocurrency. Manufacturer Competition Heats up In the early days of the Bitcoin ATM industry, Lamassu was the most prominent company. That situation has changed over time. Its current market share sits at 10.96%, making it the third-most common manufacturer. Genesis Coin currently maintains a small lead over General Bytes. Further down the list, names such as BitAccess, Coinsource, Covault, and OrderbobATM are also trying to increase their market position. New producers have also come to market over the years. BitxATM, CoinOutlet, Bitnovo, and DOBI ATM are just some of the up-and-coming manufacturers. This level of competition is another sign of Bitcoin’s maturity. Increasing exposure for cryptocurrency will be a vital aspect of reaching mainstream adoption. One aspect of Bitcoin ATM services which needs to be improved upon is transaction fees. Buying cryptocurrency remains subject to an average fee of 8.85%. Selling cryptocurrency is slightly cheaper, at a cost of 7.9%. Compared to using normal exchanges, these costs are quite steep. At the same time, the level of convenience is very different. More convenience usually leads to higher premium fees in the financial industry. Images courtesy of Shutterstock, coinatmradar.com The post Bitcoin ATMs Have Spread to 4,000 Locations Globally appeared first on Bitcoinist.com.

a day ago

What is the COINiD Cold Storage Solution?

Cryptocurrency users all over the world are always looking for ways to keep their funds safe and secure. That is a pretty big challenge, especially when buying a hardware wallet is not an option. COINiD, a new software-based cold storage solution, may offer a viable alternative in this department moving forward. The COINiD Concept Explained For those who are unfamiliar with COINiD, it is a software solution providing cryptocurrency cold storage solutions to Android and iOS users. This wallet solution is completely open sourced first and foremost, which means anyone can review the code to determine whether or not this solution is worth exploring. How Does it Work? What most people are interested in is how the COINiD solution works and what it has to offer. It is designed to support cryptocurrencies, with support for Bitcoin available at this time. Other currencies may be added moving forward, as the site makes mention of Litecoin, Ethereum, Monero, Dash, and a few others. The functionality provided by COINiD includes full control over private keys, offline address validation, SegWit support, biometric authentication, and so forth. The biometric authentication supports fingerprint scanning on Android and FaceID scans for iOS devices. There is still more functionality waiting to be added moving forward, although the current set of features is rather compelling as well. The COINiD solution exists of two different applications to provide additional security. The COINiD Vault stores private key information in a completely offline manner and signs transactions. The COINiD Wallet is a regular wallet solution to spend and receive funds. It also communicates with COINiD Vault for transaction signing. As such, users can benefit from additional security and give one of their old Android or iOS devices a second lease on life. Is it a Viable Solution? For those cryptocurrency users who do not feel comfortable using anything other than mobile devices to keep their holdings safe, this option is worth exploring. Most people rely on hardware wallets, as they are more secure in general. However, the COINiD concept certainly has plenty of merit, assuming one has a spare device to “sacrifice” for this specific purpose. Having multiple options to store cryptocurrency is never a bad idea, though. The post What is the COINiD Cold Storage Solution? appeared first on NullTX.

3 days ago

Crypto Arbitrage Today - Easy 3.4% Profits Involving Major Altcoins

Not a day goes by in the cryptocurrency world without any new arbitrage opportunities popping up. Today is no different in this regard, even though most markets appear to be somewhat subdued. Even so, there are a fair few markets which allow for some quick profits, assuming one is willing to take a few small risks along the way. Ethereum Classic (Gate / Poloniex / YoBit) Nearly every day of the week, the price of Ethereum Classic on the YoBit exchange is higher compared to all other exchanges. That is a rather unhealthy situation, although it is a bit unclear as to why this is happening exactly. Buying ETC on Gate, Koineks, Binance, KuCoin, or Poloniex and selling on YoBit will result in profits of anywhere from 1.6% to 3.4%, depending on which platform one prefers to use. XLM (CEX / Gate / Binance) For this particular arbitrage opportunity, one doesn’t even need to rely on YoBit. That is always somewhat promising, especially because the exchanges involved today have far better overall liquidity. Buying XLM on Koineks or CEX and selling on Binance, KuCoin, or HitBTC should lead to profits of up to 1.3%. It is not the biggest gap, but XLM is a far more liquid market compared to ETC. DASH (Gate / HitBTC / Kraken) For the second day in a row, numerous arbitrage opportunities involving DASH have come to the surface. Buying the altcoin on Gate or Livecoin and selling on YoBit can yield small profits of up to 1.3%. Buying on Kraken, HitBTC, or Poloniex can elevate those profits to 2.5%. Buying on Kraken and selling on HitBTC allows for a quick 0.9% profit. Dogecoin (Livecoin / Gate / HitBTC) Another small arbitrage opportunity for those who dislike using the YoBit exchange. Buying Dogecoin on Gate.io, Koineks, or HitBTC allows users to sell it on Livecoin for profits of up to 1.8%. It is equally possible to buy on either of those exchanges and sell on YoBit for slightly higher profits. Depending on liquidity, a gain of 3% is not impossible to achieve. Bitcoin Cash (HitBTC / LiveCoin / Kraken) It is always interesting to see a Bitcoin Cash arbitrage opportunity become apparent. While this happens on a somewhat regular basis these days, it is still somewhat surprising. Buying on Kraken and selling on either OKEx, Livecoin, or HitBTC can yield a nice profit of 1%. Selling on YoBit offers returns of up to 2%. Users can also buy cheaper on KuCoin, CEX, Bitfinex, and Binance prior to selling on YoBit. Ethereum (Kraken / KuCoin / OKEx) Numerous arbitrage opportunities exist for Ethereum today. It seems prices on Kraken are a tad lower compared to all other major trading platforms. As such, buying on Krakne and selling on Gate, YoBit, KuCoin, HitbTC, OKEx, or Poloniex will always yield profits of up to 3.1%. A very big spread between Kraken and the rest, although that shouldn’t take much effort to bridge the gap. The post Crypto Arbitrage Today - Easy 3.4% Profits Involving Major Altcoins appeared first on NullTX.

3 days ago

Blockchain data-verification platform Evident Proof to accept XRP and DASH

CryptoNinjas Evident Proof, a blockchain-powered immutable proof platform, whose POC was originally developed by the founders at the UK Microsoft Technology Centre has today announced they have started accepting Dash and XRP as business adoption of the... Blockchain data-verification platform Evident Proof to accept XRP and DASH

3 days ago

What Is Monero? Introduction To XMR

What Is Monero? Monero (XMR) is a cryptocurrency which focuses on being untraceable and private. Its design differs from Bitcoin’s in a few key ways, but it should be understood as a cryptocurrency similar to Bitcoin - it can be used to buy and sell things, and can be exchanged for other coins or tokens. So Monero XMR is a cryptocurrency focused on privacy and anonymity. Bitcoin is actually pseudonymous and BTC transactions are still traceable, but XMR transactions can be fully anonymized like physical cash. It is a fork of Bytecoin, the original privacy coin. Of course, each physical dollar has a serial number on it that’s traced by FDIC-insured banks and governments. But it’s not necessary to see someone’s bank account balance to accept their dollar bill. In the same way, retailers only need to verify you have enough to cover your transaction when you use a debit or credit card. Monero uses ring signature cryptography to reduce the amount of information used in cryptocurrency transactions. This gives the sender and receiver of XMR transactions the ability to verify the transaction in privacy. Strong encryption, a streamlined blockchain, and infinite supply make Monero a strong privacy coin with a solid future ahead of it. Before diving into the nuts and bolts of the project, let’s look at the crypto market performance of the Monero XMR crypto coin. XMR’s Crypto Market Performance The peak price of XMR so far was $494.16, which occured on January 6, 2018. As of November 8, 2018, the circulating supply is 16,553,675. As mentioned above, there’s no total supply cap. Like BTC, XMR is a Proof of Work cryptocurrency. Unlike BTC, however, it uses a variation of the CryptoNote cryptocurrency mining algorithm, which making it more CPU-friendly. In fact, Monero continues updating its blockchain protocol to be ASIC resistant, much to the chagrin of ASIC rig manufacturers like Bitmain. It hard forked in both 2017 and 2018 in its war on ASICs. Monero opposes ASIC mining because of its centralization of cryptocurrencies like Bitcoin and Ethereum, which are now moving toward Proof-of-Stake. It spent much of 2017 and 2018 continuously upgrading both ASIC resistance and privacy on the network. These are great signs of development support in a blockchain market filled with vaporware. This caused a lot of Monero forks, including Monero Zero, Monero Original, and two Monero Classics. Monero is traded on a variety of cryptocurrency markets, including Bithumb, Binance, HitBTC, Poloniex, Bitfinex, and CoinEx. It has a ton trading pairs, including BTC, BCH, USDT, LTC, ETH, EOS, DASH, and even fiat currencies like USD and EUR. Over $15 million worth of XMR is traded on a daily basis. The Monero community built wallets for pretty much every OS, and a hardware XMR wallet is on the way. In addition, third-party wallets like Cake Wallet, Monerujo, My Monero, and Ledger’s hardware wallets support XMR. Behind the Veil of Anonymous Anonymity online is a hot-button issue that’s important for everyone. Every time you log in to your Samsung device using Google’s OS to connect to AT&T’s network and browse Amazon’s app, a lot of hands are touching, monitoring, and even selling your data and habits. Tech-savvy people use VPNs, proxies, and TOR networks to avoid being traced. However, financial transactions and other personal information were used to track people centuries before we walked around with the internet in our pockets. Using XMR for dark-web transactions, you have the best chance at anonymous online transactions...at least that’s what they say. Monero aggressively defends its platform’s privacy, pointing out a CryptoNote bug that affects privacy coins like Bytecoin. But privacy and anonymity online are never guaranteed, even with Monero’s dedication. Monero still uses a similar two-key authentication method for transactions on other blockchains. It just adds an extra step. Your public key is used by the sender to generate a random one-time key, and the receiver uses a private key to receive. Brute-forcing such a system would be difficult, even with quantum computing, but no matter how much you encrypt an individual transaction, metadata holds answers. This is where ring signatures come in to make things even more difficult. Essentially every output also has multiple false outputs to trick the system. Picture the most complicated bank vault you ever saw in a major Hollywood movie, multiply by ten, and this is what Monero promises. Tor traffic has long been monitored by government watchdogs like the NSA using the Navy’s powerful networking tools. And even reducing transactions to minimal data hasn’t stopped researchers from reportedly using big-data analytics to trace over 80 percent of XMR transactions on the Monero blockchain. While the actual transaction itself is being veiled, all the contextual information around it can help pinpoint transactions. In addition, if your private key is compromised, someone could trace all you

3 days ago

Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing

FOMO Moments Friday markets are still in decline; Zcash and Stellar opposing the drop, Dogecoin and BAT getting dumped. Yesterday’s decline has continued today though its momentum has slowed a little. Crypto market capitalization has fallen below $215 billion as all hopes of a real recovery have by now evaporated. Bitcoin has dropped almost a percent on the day taking it back down to $6,440. BTC is still consolidating in a channel between $6,300 and $6,600 where it has been since the end of September. Ethereum is also sliding back from its three week high and has dropped half a percent on the day to $213. Altcoins are still predominantly red as the selloff continues during the morning’s Asian trading session. There is only one beacon of green in the top ten this Friday morning and that is Stellar up over 5% to $0.263. The big airdrop from Blockchain.com appears to be driving momentum for XLM at the moment. The rest of the top ten are falling back with Monero losing the most at 3% to $107. The top twenty is also completely red aside from Zcash which has made 5.5% to take ZEC to $135. Trade volume has jumped from $110 million to $170 million with the majority of that, over 80%, on Bithumb in KRW at the moment. South Koreans are loading up on ZEC this morning. Maybe all the recent talk of zk-SNARKs has revived interest in this privacy-centric altcoin. Dash is the biggest loser shedding over 4% to $163, and the rest are falling a percent or two from yesterday’s levels. Today’s big fomo pump is Eternal Token surging 27% on the day. A patent application appears to be driving XET momentum right now. WAX is also pumping with a 16% gain and Decentraland is up almost 10% on the day. Getting beat up is BAT dropping 10% and Dogecoin falling 8%. Even a Coinbase listing is not enough for altcoins to cling on to their gains these days. Less than a percent has been dropped from total crypto market capitalization over the past 24 hours. Markets currently stand at just over $214 billion and the sideways channel oscillating between around $190 billion and $225 billion has been intact for over two months now. The bulls are not strong enough to force a breakout just yet as the bears keep pushing them back down. Bitcoin dominance has crept back over 52% once again as altcoins lose their latest gains. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing appeared first on NewsBTC.

4 days ago

RT @CoinCola_Global: Buy DASH with 0% transaction fee on #Co...

RT @CoinCola_Global: Buy DASH with 0% transaction fee on #CoinCola #Dash #Crypto #Venezuela https://t.co/SNIMDLwcCS

4 days ago

Crypto Arbitrage Today: XLM, DOGE, EOS, TRX, ETC, DASH

Cryptocurrency arbitrage is often considered to be a viable way of scoring profits during volatile market trends. All top markets are currently going through a medium-sized dip, which means prices between exchanges will be very different. The following six options let users score some easy profits throughout today. Ethereum Classic (Koineks / Binance / YoBit) Buying Etheruem Classic on any exchange that is not YoBit will effectively result in some decent profits today. Its value on YoBIt is roughly 1.5% higher compared to the likes of Gate.io, Binance, KuCoin, and Poloniex. Koineks also has a lower price, although the arbitrage gap is slightly smaller. XLM (Kraken / CEX / Binance) It does not happen all that often prices for altcoins are higher on Binance compared to some other exchanges. As of today, buying XLM on Kraken, CEX, VeBitcoin, or Koineks, and selling them on either Binance or KuCoin can result in a profit of roughly 0.75%. Not the most lucrative option, but still one worth exploring due to its overall liquidity. TRON (Bitfinex / Binance / YoBit) The TRON arbitrage opportunity today is very similar to Ethereum Classic above, as it revolves around selling on YoBit for easy profits. Prices for TRX across OKEx, Gate, Koineks, Bitfinex, Binance, and HitBTC are all lower compared to YoBit. Exploring these options will result in gains of up to 1%. A small profit, but still better than nothing. DASH (Kraken / Koinim / YoBit) There are many different opportunities when it comes to arbitrage trading DASH today. Buying the altcoin on Koinim and selling it on YoBit, Gate, or Sistemkoin can result in profits of up to 2%. Buying on CEX, Kraken, HitBTC, or Gate and selling on YoBit offers gains of up to 1.5%. Plenty of trading options for quick and easy profits. DOGE (Livecoin / HitBTC / Poloniex) Most cryptocurrency users have a soft spot for Dogecoin, albeit often for very different reasons. In the case of arbitrage trading, DOGE can be a viable tool. Buying on Gate, HitBTC, or Poloniex and selling on Livecoin can yield a profit of up to 2.1%. Buying on the same exchanges and selling on YoBit can yield profits of up to 3.3%. EOS (YoBit / Bitifnex / Binance) EOS Is not a currency often associated with arbitrage trading, even though it has no liquidity issues across different platforms whatsoever. Today, there are many different opportunities where this altcoin is concerned. Buying low on HitBTC, Poloniex, Gate, Paribu, Bitfinex, Binance, or KuCoin and selling on YoBit will net easy profits. Traders can make up to 1.5% from exploring these various options. Information is provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Crypto Arbitrage Today: XLM, DOGE, EOS, TRX, ETC, DASH appeared first on NullTX.

4 days ago

GIN Platform Launches Cloud and Dedicated Nodes to Make Online Masternode Hosting Accessible

GIN Platform, the web-based platform developed to enable the average user to setup and deploy their own masternode system, to start earning passive income without the technical and hardware costs, has publicly unveiled its latest products designed to further streamline the platform. Launched on October 26th 2018, GIN Platform is now offering the Cloud Node and Dedicated Node hosting plans for users. The products are set to usher in new levels of accessibility with additional features to streamline and enhance the users ability to the deploy and manage the masternode systems. The products is also set to further promote and enhance blockchain security features through cheap and accessible, cloud-based masternode setup, bypassing the traditional barriers that have prevented many from setting up their own masternodes. The launching of Cloud and Dedicated Node plans for users is in alignment with GIN Platform’s objectives to give everyone the opportunity to earn, through the creation and management of masternodes on a cheap and affordable platform. What further defines the platform from its peers is that GIN Platform’s services are available to all regardless of technical skills. The platform currently accounts for almost 1.7% of all online masternodes. Cloud Node* Running a masternode in any cryptocurrency demands a certain amount of the blockchain’s currency to be locked up on the network. However, some masternodes generate small incentives for operators, making it unprofitable to run a dedicated service. Cloud Node makes its possible for masternodes with smaller rewards to gain support and secure their network by sharing resources with other masternodes on the same server and IP address. This helps to reduce the hardware and maintenance costs of lesser paying masternode. The fee for this service is pegged at $4.5 per month or $0.15 daily**. *This service is limited to certain cryptocurrencies. it is not available for DASH, PIVX, ZEN, and ANON. Dedicated Node Unlike the Cloud Node, this service gives each masternode its own dedicated server and resources to use. This Premium service goes for $12.6 monthly ($0.42 per day)** . **All prices exclude VAT. Payment and Discount Every user is able to choose the preferred option they wish to setup their masternodes under at any moment. This is possible through the Upgrade and Downgrade buttons on the user’s Dashboard. The Upgrade button elevates the status of the user’s account into a Dedicated Node, while the Downgrade takes it down to the Cloud Node. Users are able to toggle their masternode hosting services up or down, whenever they wish to do so. However, doing so will result in a new setup process, creating a new server for the user’s masternode and removing the old one. All services provided by GIN Platform are only payable on a daily basis with its native token GIN. Based on volume on commitment, users would be eligible for discounts starting in November. For further information on GIN Platform visit the website: https://p.gincoin.ioFollow 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 GIN Platform Launches Cloud and Dedicated Nodes to Make Online Masternode Hosting Accessible appeared first on BitcoinNews.com.

5 days ago

Taiwan Prepares to Block Anonymous Cryptocurrency Transactions

Anonymous and privacy-oriented cryptocurrencies have always been a topic of controversy. Even though these currencies do not facilitate illegal activity by default, it seems the association with such activities is enough to make regulators nervous. In Taiwan, the government has decided to ban anonymous cryptocurrency transactions as part of the new Money laundering Control Act. Taiwan Makes an Interesting Decision As is always the case when a discussion regarding cryptocurrencies arises, the topic of anonymity is never far away. Most governments around the world are convinced Bitcoin is still an anonymous form of money, despite being far more transparent than the traditional banking ecosystem. The same applies to all other cryptocurrencies, which has many regulators concerned first and foremost. In Taiwan, a new amendment has been made to the Money laundering Control Act and the Terrorism Financing Prevent Act. This new change allows the local FSC the authority to crack down on anonymous virtual currency transactions. That in itself is pretty standard these days, as anonymous transactions are often linked to illegal behavior, either in online or offline fashion. The bigger question is what this means exactly for the future of anonymous cryptocurrencies in Taiwan. Monero, Dash, ZCash, PIVX, NulleX, and others may become non-grata in this country due to their default anonymous nature. Additionally, this particular trend would have different consequences for Bitcoin and other top cryptocurrencies down the line. Because of this new change, any bank across Taiwan can effectively reject anonymous transactions pertaining to virtual currencies. Such transfers will also be reported to the FSC if they are deemed suspicious. This will, by the look of things, to make it increasingly difficult for Taiwan residents to buy and sell cryptocurrencies in the future, which is not a positive development by any means. While it is evident this measure is designed to make Taiwan less susceptible to money laundering, the approach raises a lot of questions. It appears Taiwan has effectively followed the example set by Japan a few months ago, as that country forced exchanges to remove all anonymous cryptocurrencies from domestic trading platforms. A lot of other Asian countries may take a similar approach in this regard, depending on how the new rules in Taiwan pan out. Any development in this department raises many questions and objections. Targeting cryptocurrencies specifically makes sense when looking at the bigger picture of money laundering, primarily because this is a brand new form of money. At the same time, there are many misconceptions regarding the alleged anonymity of different cryptocurrencies. This new framework seems to blur the lines even further, which is not necessarily a good thing by any means. The post Taiwan Prepares to Block Anonymous Cryptocurrency Transactions appeared first on NullTX.

5 days ago

Venezuela Traded More Bitcoin Than Ever Before In October

Venezuela set a new Bitcoin trading record last week as the country embraces cryptocurrency more than ever. Venezuela Trades 1075 BTC in 7 Days According to data from monitoring resource Coin Dance, despite continued volatility in the country’s dubious redenominated currency the Sovereign Bolivar, trade volumes for the seven days ending November 3 still beat all previous highs. In total, 1075 BTC ($7 million) changed hands on P2P trading platform Localbitcoins alone, 10 BTC more than the record set two weeks prior. In bolivar terms, the number easily swept all previous totals off the chart, coming in at 1.6 billion VES. Two weeks ago, the figure stood at 1.1 billion. Bitcoin, Petro and Dash The causes behind the latest spike appear to be multiple. As Bitcoinist reported, a combination of inflation, capital controls, foreign currency shortages and more continue to blight Venezuelans’ ability to maintain control over their financial sovereignty with fiat. At the same time, the government is fixed on forcing citizens to interact with its newly-revitalized national cryptocurrency Petro, despite the latter’s highly-suspect stability. Instigating mandatory Petro payments has also appeared to have formed a method for forcing up prices, passport application fees exploding in VES terms when Caracas began only accepting Petro last month. This week, international pressure also stepped up, with the US announcing sanctions on Venezuela’s gold exports. On Sunday meanwhile, privacy-focused altcoin project Dash 00 launched its local merchant acceptance scheme Dash Text. Targeted at payments, the plan aims to allow merchants to accept DASH payments with a basic mobile device, bypassing the need for a smartphone an internet connection. Executives had previously claimed Venezuela now constitutes Dash’s second-biggest market, while separate controversy focuses on allegations Petro plagiarized vast swathes of the asset’s whitepaper. Dash itself has also failed to escape criticism, one commentator branding the company’s claims of market penetration as “snake oil” last month. Sporadic reports of merchant acceptance also continue to surface, one Reddit user relaying that department store Traki was now accepting five cryptocurrencies. What do you think about Venezuela’s cryptocurrency trading? Let us know in the comments below! Images courtesy of Shutterstock, coin.dance The post Venezuela Traded More Bitcoin Than Ever Before In October appeared first on Bitcoinist.com.

5 days ago

Introducing Ethermium: A New DEX Cryptocurrency Exchange

EtherMium is a cutting- edge solution for pro-traders as well as for newbies, the exchange performs all the upsides of both centralized and decentralized exchanges. From the time of the crypto market appearance to the mankind multiple trading solutions have been entering the market. The issue is what rides EtherMium to be over the competition? Safety first ! EtherMium safety is obviously remarkable and worth attention. The clue of success consists of 2 base components working in one team - smart contracts and order book service. Smart contract guarantees that it is you and only you are in the custody of your assets. Generally, it can be compared to the advanced bank account, but with the significant upper hand. Notably, the movement of one user’s assents is possible if only a confirming message is signed from both sides - of the buyer and the seller and, in addition, exclusively upon the address of the user. Accordingly, assets’ storage on the contract is as secure and reliable as maintain funds in your personal wallet. What is striking about book order service is that orders are stored on the server instead of the blockchain. The security check is integrated into the contract and requires double match of the signature to conduct the transaction. EtherMium is pioneering DEX running book order service which makes competitive advantage and helps to stand out of the countless similar products. Therefore, EtherMium team encompasses all the best security features to assure risk-free trade within the platform. Mentioning orders, it is necessary to point out, that EtherMium DEX is the pioneering exchange making possible the usage of limit orders and stop orders. Due to the market is fluctuate and unpredictable, involving these tools give EtherMium a significant head start. The best type of order depends on the current state of affairs and broker’s target. Now let us clarify a bit: -You should pay attention to the limit order whenever is possible or simply the most of the time. After setting the desirable price the trader is just patiently waiting. If the limit orders are managed correctly, you won’t have to do much else about trading. A good tactic is tiering your limits. Example: Peter buys Y-coin at $275 and want to sell at $300, set sells at intervals between $290 - $310. If they all fill the average will be $300, if not, then at least you get some sells. - A stop sell order or so called a “stop loss”. For example, a trader chooses a price higher for selling, or lower for buying, that he want to trigger a market order at. A stop order places a market order when a certain price condition is met. So it works like a limit order, in that it goes on the books, but it buys or sells like a market order. Understanding of orders and building personal trading strategy are the key issues. Though trading bots are always at your disposal. Further in this article you will discover some more one-of-the-kind EtherMium features. List of Up Front NO’s . NO KYC, NO limits, NO risks of being hacked or robbed! Passing Know-your-customer every time again and again is quite cumbersome process for crypto enthusiasts. To start trading with EtherMium users don’t have to confirm their personality providing scan proofs of the identification documents or elsewhere personal data. It is beneficial and crucial point making the registration process quick and simple for the residents all over the world. Users merely are to create an account and maintain ETH wallet. We are in the charge of anonymous transactions! Usually exchanges set certain restrictions for the amounts to trade deposit and withdraw. With Eth all the transactions are unlimited , anonymous and are conducted P2P. Innovative security points guarantee, that neither hackers nor the owners of the exchange have the access to the users personal data and funds. We should highlight, that the money transactions take place only in the case the user gives private keys. Advanced List of currencies to trade. Today users are able to trade various ERC-20 based coins. All in all 1108 tokens are listed and available right now on the EtherMium. But what makes EtherMium superior is the unique opportunity to transact otherwise than Etherium Coins and Commodities. Soon, every user will enjoy trading the assets from different block chains. For instance, Bitcoin, Ripple, Litecoin, Dash and many more. Providing wide diversity of the listed coins will significantly boost the exchange Volume. But that is not even the most attractive extension of the EtherMium. “What can be better?” - you may ask. We are pioneers on the market. “We want to build the most advanced and popular exchange that will allow people to buy and sell tokens as well as derivatives” Regarding to the previous question, the better can only be the exclusive chance to trade by-products as effortless as trading erc-20 tokens. What does the team mean by the derivative solutions? - Stocks. Soon company stocks

5 days ago

Gin Platform Introduces a New Product, The Cloud Node

The GIN platform recently launched a new product named Cloud Node, the product according to the firm is specifically designed to increase the accessibility to masternode deployment and management. A Whole New Product The main purpose for the establishment of the GIN platform is to give virtually everyone access to create and manage a masternode, regardless of their technical skill. The GIN platform thus recently introduced the new Cloud Node explicitly designed to increase accessibility further. Starting October 26th,2018, two core features would be available on the GIN platform, they are the Dedicated Node and the Cloud Node. Cloud Node The price of the feature is pegged at $4.5 per month ($0.15 per day). Its main features is that the masternodes launched under this option will be hosted on the same server, ultimately sharing the same IP. Main reason for its creation is to support projects whose masternodes generates smaller rewards than the hosting price. This service is not available for DASH, PIVX, ZEN and ANON Dedicated Node This particular feature is also designed to maintain its original option as well, but its only adjusted to the financial changes and the billing packages. The premium package costs $12.6 per month ($0.42 per day) and will continue to work on the dedicated server type of structure-which is one masternode per server. The GIN platform fees are paid in GIN tokens, on a daily basis. Choice is one feature that is made available to the users, as every user will be able to choose their preferred product at any time. This is made possible through the availability of two buttons that is readily available on the dashboard. The two buttons are the upgrade and the downgrade button. Any decision will automatically trigger a setup process since it basically means creating a new server for your masternode. GIN has a very active community on social media, especially on Discord and Telegram. Presently, there are about 7000 members in the discord channel, 2000 on Telegram, 5000 on Twitter and other social media platforms. Most of the members of the community continuously get in touch with the developers and connect with each other on important matters. Visit the website: http://p.gincoin.io Chat on Telegram: http://t.me/gincoin Discord: http://discord.gg/xgl5TRr Twitter: http://twitter.com/gincoin_crypto Medium: http://medium.com/@gincoin Media contact Name: Adrian Grigore Email: info@ginplatform.io The post Gin Platform Introduces a New Product, The Cloud Node appeared first on ZyCrypto.

6 days ago

Dash Spikes but Fails to Overcome Key Resistance

Dash had its first significant spike since mid-October. The spike occurred in line with bullish movements across the rest of the market where altcoins outperformed the market leader Bitcoin. However, the analysis of Dash presents one of the more bearish pictures. The price has struggled to overcome key resistance points for much of the year and has largely underperformed in comparison to Bitcoin. Data from coinlib.io show Bitcoin losing 54% of its value for 2018 so far while Dash has lost 84%. Source: Coinlib.io In terms of key resistance points, the 50 EMA may be the most recent resistance level. The appreciation on Sunday saw the price rise to this point and then quickly come to a halt. Price has been trading very flat for the past two days which indicates price could be struggling to overcome this point. With the 50 EMA downward sloping, this gives rise to a bearish outlook for Dash unless a significant influx of buyers can result in price action overcoming the 50 EMA. Dash Daily Chart - Source: Tradingview.com The hourly chart for Dash shows Sunday’s spike followed by some fluctuations and a consolidation. The spike brought price action from around $155 to briefly above $170, an over 10% increase. The price currently trades around $166. Although the analysis on the hourly Dash chart looks more bullish as the price could be consolidating before continuing its bullish movements, the overall analysis is bearish based on the analysis of the longer time frames. Dash Hourly Chart - Source: Tradingview.com Key Takeaways: Dash had its first significant spike since mid-October on Sunday which saw it increase over 10%. Price has since started to consolidate. Price met some key resistance at the 50 EMA. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Dash Spikes but Fails to Overcome Key Resistance was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

6 days ago

The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets

In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with Brazil. Also read: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit WEF to Focus on Interaction Between States and the Cryptocurrency Industry Globalization and the interaction between governments and participants in the fourth industrial revolution — including players from the cryptocurrency industry — will be the main theme of the World Economic Forum (WEF) in Davos from Jan. 22 to 25, 2019. The annual meeting in the Swiss mountain resort brings together over 2,000 business and political leaders, economists and journalists to discuss pressing economic issues and “shape global, regional and industry agendas.” The WEF’s president, Børge Brende, announced the theme of the next event while speaking to journalists in Geneva. “For us, as an international organization, it is very important to ensure global cooperation, because what we face today — geopolitical and geoeconomic challenges in a multipolar world, the challenges and the opportunities associated with the fourth industrial revolution — needs more cooperation,” he said, as quoted by Russian news agency RIA Novosti. The participants in the high-level forum will discuss the establishment of a general framework for the interaction between these different parties. Brende made it clear he was referring to cooperation between states and individual players involved in the development of new technologies like those associated with cryptocurrencies and distributed ledgers. The WEF will also focus on topics such as Brexit and the changing economic climate in the EU. FINMA Estimates the Risk of Cryptocurrencies at 8 Times Their Value The Swiss Financial Market Supervisory Authority (FINMA) believes banks should estimate the risks associated with cryptocurrency assets at eight times their market value. That’s according to a confidential letter sent to Expert Suisse, an association representing Swiss trustees and accountants. The correspondence, seen by Swissinfo, gives an idea about FINMA’s current stance on the matter — the regulator considers cryptocurrencies as volatile assets, despite the low levels of volatility seen in recent months. FINMA also wants to limit cryptocurrency trading activities to 4 percent of the total capital of financial institutions and says banks should report when they’ve reached that level. The recommendations mean they will be expected to dedicate considerably more capital to cover potential losses from cryptocurrency investments in comparison to most other assets. The Swiss regulator has not yet adopted an official position on the inclusion of digital assets in the requirements regarding capital and liquidity ratios under Basel III, which is an international set of measures developed by the Basel Committee on Banking Supervision in the aftermath of the last major financial crisis. The rules were designed to strengthen the regulation, supervision and risk management of financial institutions. Until the Basel Committee makes its recommendations regarding cryptoassets, FINMA advises players in the financial sector to “assign a flat risk weight of 800 percent to cover market and credit risks.” Venezuelan and Brazilian States to Trade with the Petro Authorities in the Venezuelan state of Bolívar intend to promote the adoption of the national cryptocurrency, the petro, in regional trade with the neighboring Brazilian state of Roraima, Prensa Latina has reported. Justo Noguera, governor of Bolívar, said the digital coin will be used by companies from the state to purchase food, medicine and other goods from businesses based in northern Brazil. The initiative also covers imports of spare parts and supplies for the steel works in Ciudad Guayana. Venezuela officially launched the public sale of its government-controlled cryptocurrency last week. The petro can now be purchased with a number of fiat currencies and cryptocurrencies. Venezuelan banks have also started using the oil-backed coin to denominate customer bank balances, as news.Bitcoin.com reported earlier today. Both El Petro and the redenominated, petro-pegged Bolívar Soberano now serve as units of account in the crisis-hit South American country. Meanwhile, Venezuela’s trading volume on Localbitcoins has reached new record highs. According to Coindance, Venezuelans traded over 1,070 BTC in the week of Nov. 3, 2018. The price of dash, as well as its trade volume, also jumped recently after the launch of Dash Text, a service allowing transfers of the cryptocurrency via SMS. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. Make sure you do not miss any important Bitcoin-related news

6 days ago

PR: GIN Platform Launches a New Product - the Cloud Node

Bitcoin Press Release: The GIN Platform announces its newest product - the Cloud Node, designed to further increase accessibility to masternode deployment and management. 31st October, 2018. London, UK. The GIN Platform was created with the purpose of giving everyone access to creating and managing a masternode, regardless of technical skills. Following that direction, the team introduces a new product - the Cloud Node, designed to further increase accessibility. Starting October 26th, 2018, the GIN Platform’s infrastructure core features two options: Dedicated Node and Cloud Node. Cloud Node* The price of this service is $4.5 per month ($0.15 per day)*. Its main characteristic is that masternodes launched under this option will be hosted alongside other masternodes on the same server, sharing the same IP. It was designed to support projects whose masternodes generate smaller rewards than the hosting price. *This service is not available for DASH, PIVX, ZEN, and ANON. Dedicated Node The platform will maintain its original option as well, only adjusted to the financial changes that the billing component brings about (details below). This Premium service costs $12.6 per month ($0.42 per day)* and will continue to work on a dedicated server type of structure  -  one masternode per server. GIN Platform fees are paid in GIN, on a daily basis. Every user is able to choose the preferred product at any moment. This will be made possible through the implementation of two buttons in the Dashboard: an Upgrade button, and a Downgrade one. It’s very important to mention that choosing to Upgrade or Downgrade will trigger a setup process, since it basically means creating a new server for your masternode. More details on the platform. Discounts Policy Starting November, details about volume and commitment discounts will be available. The team chose not to disclose any information on this subject. GIN Community is Engaging More and More Members GIN has a very active community on Discord and Telegram. At the moment of writing, there are over 7,000 members in the Discord channel and more than 2,000 in the Telegram one. This adds to the 5,000 followers on Twitter. The members are constantly connected to the developers, support or other team representatives. About GIN Platform GIN Platform is the first masternode deployment platform meant to be used by the mass market; its mission is to make masternode investments (and subsequently passive income generation through MNs) easily accessible to everyone, regardless of technical skill. At the moment of writing, GIN hosted almost 1.7% of all online masternodes. *All prices exclude VAT. Visit the website: https://p.gincoin.io Chat on Telegram: https://t.me/gincoin Discord: https://discord.gg/xgJ5TRr Twitter: https://twitter.com/gincoin_crypto Medium: https://medium.com/@gincoin Media Contact Name: Adrian Grigore Email: info@ginplatform.io GIN Platform 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. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. 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: GIN Platform Launches a New Product - the Cloud Node appeared first on BitcoinNews.com.

6 days ago

Market Update Report Nov.6: Bullish days. Has the market sentiment changed?

2017 brought the crypto market to the collective consciousness, but the declines of 2018 replaced enthusiasm with uncertainty. Can this trend change by the end of the year? This week the prices have brought the green color back to the market. The Bitcoin price climbs, and the alternative coins are celebrating and remind us of the days we had already forgotten. It is certainly possible that another Alt season is coming, as the graphs of some of the alternative coins show a change in trend. The end of the year is near, and there is still a chance that the market will recover to some extent after a particularly bearish year. History does not repeat itself in the same way, but if we conclude from past market behavior, there is still time until the end of the correction and a real change in trend beyond the technical analysis. However, the crypto market is not a predictable one, and there is some difficulty in predicting trends. It appears that the ecosystem continues to accelerate and large companies keep entering the field and raising capital for the development of the market infrastructure. In addition, regulatory clarity is beginning to take shape, and many countries have already begun to regulate the issues relating to cryptocurrencies. In summary, the market is signaling a mixed trend that on the one hand makes investors uncertain and on the other, it fills them with hope. In this situation, another media hype can certainly lift another wave. Market Cap is $214 billion | Bitcoin’s dominance is $51.9, down 2% from last week. Crypto News Report JP Morgan: “We Are Big Believers in Ethereum.” Among the numerous blockchains in existence, JP Morgan has singled out Ethereum for praise since the company can create its own enterprise-based solution using the same model. Bears Strike Again: BitMEX Analysts, CEO Calls for Bitcoin Price to Hit $2,000. Arthur Hayes, the CEO of Hong Kong-based crypto exchange BitMEX and a group of analysts, believe that the lack of volatility in Bitcoin value looks similar to a trade pattern in 2014 and could drag the asset into a bearish run down to $2,000 STUDENT TURNS $5K INTO $800K TRADING CRYPTO, BUT NOW OWES $400K IN TAXES. A bitter-sweet story has been told by a California student who made a huge fortune with just $5k from the 2017 bullish run, only to realize that he hasn’t paid crypto-related taxes which now amount up to $400k. He’s asking for a way out of the mess. Bakkt to Act as a Digital Asset Clearing House In Its First Phase. The crypto exchange will partner with the Intercontinental Exchange’s (ICE) markets to provide digital asset clearing services which will, in turn, encourage institutional investors to join the crypto markets. A Breakthrough? Tether has a new Bahamas-based bank. Owners of controversial stablecoin, Tether have announced that they have opened a $1.8 billion bank account in the Commonwealth of The Bahamas at Deltec Bank & Trust Limited. It is hoped that this will finally end USDT’s shaky price. NASDAQ and Morgan Stanley Move to Research Crypto Space. The traditional institutions are now the latest to indicate interest in the nascent industry. Morgan Stanley even claims that its solution can finally end the price manipulation issues faced by cryptocurrencies. Charts Bitcoin Traded around $6,400, trend rising this week. Resistance at $6,500. Support at $6200. It can be seen that the triangle has been breached not far from the area marked by previous technical updates. There seems to be an attempt to break above in the short term, and it seems that the resistance at $6,800 is still strong. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'hkyzFa1k'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar traded around $210 resistance at $220 is being tested. In this range support $200. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '4oeKVjoc'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.032BTC resistance in this range at 0.034BTC support at 0.03BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'MEXoimcg'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash Against the dollar a very positive week the rate jumped from $420 to $600, and there seems to be a move in the making. Traded around $600 Support is around $500 and the next resistance at $650. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'XaiPUEaA'; new TradingView.chart(tradingview_embed_options); Against Bitcoin, it traded around 0.093BTC on its way to test the resistance at 0.1BTC. Sharp gains fo

6 days ago

Bitcoin Futures Volatility Reaches Lowest-Ever Level

With the continued sideways trading of Bitcoin, the volatility of its futures trading recently reached its lowest level. Presently, the cryptocurrency market, in general, shows more stability than the traditional asset marketplace. Decline Bitcoin Futures Volatility According to Kevin Davitt of Cboe Global Markets, the volatility of Bitcoin (BTC) 00 futures continues to narrow. Commenting on the matter, the senior instructor at Cboe’s Options Institute, said: As it turns out, [bitcoin] XBT futures and cryptos, in general, are moving with very little speed. The week ending Oct. 26th was the least volatile since futures were introduced nearly a year ago. Furthermore, the average weekly [volatility] for XBT futures in October was around 6.6%, which is way below the average of 15.65% since inception. This trend is similar to what obtains in the spot trading arena where BTC continues to trade in tight ranges. However, while there seems to be retail investor fatigue, Bitcoin futures trading volume has been on the up recently. In October, Bitcoinist reported that CME Bitcoin futures trading increased by 41 percent in Q3 2018. In a tweet posted on Monday, Mati Greenspan, Senior Market Analyst at eToro offered his view on the implications of Bitcoin’s prolonged flat price action. According to Greenspan: The flat price action of late is a clear testament to the increased liquidity and maturity of the market and serves as a wide sweeping lesson that eventually price discovery works for all assets. Elsewhere in the cryptocurrency market, altcoins began Monday showing a mixed bag of 24-hour price gains. Recent price rallies for Bitcoin Cash and Dash today gave way for downward price movements. Cryptocurrency and Equity on Diverging Paths With futures trading indicative of Bitcoin volume on Wall Street, the declining volatility is yet another pointer to the divergence between cryptocurrency and the mainstream asset market. Commenting on the issue, Davitt also said: The waning cryptocurrency volatility is arguably even more interesting against the backdrop of escalating global equity volatility. October 2018 ushered in future troubles in the stock market as the famed FANG stocks took significant tumbles. The U.S. market lost close to $2 trillion in October as the S&P 500 reached its lowest point in seven years. The present consensus is that the fear of rising interest rates and economic uncertainty in many markets continue to dampen investor confidence. How long do you think Bitcoin will continue to trade in tight ranges? Let us know your thoughts in the comment section below. Image courtesy of MarketWatch. The post Bitcoin Futures Volatility Reaches Lowest-Ever Level appeared first on Bitcoinist.com.

6 days ago

ZCash Price Retakes $125 Level to Build Support for Next Bull Run

A lot of interesting things are happening in the world of cryptocurrencies. With all markets still in the green, it has become apparent there may be a positive end to 2018 after all. Slowly but surely, all markets continue to move up every single day, and ZCash has reached $125 again. A positive trend which may result in even further gains later this week. ZCash Price Surpasses $125 Again The past few weeks have been pretty interesting for ZCash, especially in the price department. Considering how Zcash’s network upgrade - codename Sapling - has gone off without a hitch, one would expect there to be further price momentum by now. That hasn’t necessarily materialized yet, although there are some very promising market indicators moving forward. In the past few hours, the ZCash price has increased by 4.4% in both USD and BTC departments. That in itself is rather promising, especially when considering how the value has hit $125 again for the second time in as many weeks. This is considered to be a major development for the altcoin, primarily because this price level can be quite crucial in the weeks to come. One reason why ZCash will always remain relevant is because more and more people value their privacy and anonymity when it comes to cryptocurrencies. Together with the likes of Monero, Dash, and others, it is only normal the value of these currencies will keep rising over time simply because of their anonymous nature. If anonymity is important to you, privacy coins like @monero, @zcashco or @Dashpay might be a great option for you. Read our guide to what privacy coins are to learn more and start investing!#privacy #cryptocurrency #crypto #DASH #XMR #ZEC https://t.co/xPUHKFZd95 pic.twitter.com/PCYOzn3aw3 — Cryptocurrencies AU (@cryptoc_au) November 6, 2018 As is usually the case when altcoin prices rise, there will be arbitrage opportunities available. For Zcash users, it seems there are numerous options, which can yield an easy 1% profit for simply moving funds between different exchanges. Although not all of these platforms offer major volume, it is evident there are some opportunities to take advantage of regardless. #ZECBuy at #Sistemkoin and sell at #Bitfinex. Ratio: 1.00%Buy at #Sistemkoin and sell at #HitBTC. Ratio: 0.96%Buy at #Sistemkoin and sell at #YoBit. Ratio: 1.12%Buy at #Cex and sell at #YoBit. Ratio: 0.81%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) November 6, 2018 Based on the current technical indicators, it would appear there is some major ZCash price momentum brewing. Before any major developments can occur, the trendline will need to be broken in a significant manner, which might not happen in the coming hours. Even so, anything can happen in this industry, and Zcash may be on the verge of a big breakout to end the year on a high. Watching $ZEC very closely break above upside trendline and we're riding#zec #zcash #altcoin #cryptocurrency #bitcoin #crypto pic.twitter.com/pl03LP4DOM — [NPC Maximalist] (@warranted_ire) November 5, 2018 For the time being, one has to take the current gains in stride and see where the momentum leads in the coming hours and days. There is some positive momentum brewing, especially because its trading volume has surpassed $118m for the first time in a while. That alone is a pretty bullish signal first and foremost, albeit slow and steady will always win the race. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post ZCash Price Retakes $125 Level to Build Support for Next Bull Run appeared first on NullTX.

6 days ago

Dash Surges 12% Amid Service Rollouts In Latin America

Dash (DASH) has surged nearly 12% over the past 24 hours after the No. 12-ranked cryptocurrency project announced rollout of mobile- and merchant services in Latin America where it’s seeing increased adoption. Dash’s price increased from $152 to nearly $170 since early Sunday. In comparison, the broader crypto market saw gains of 2.5% over the same period. Dash and Bitcoin Cash (BCH) have seen the biggest increase in valuation among top 20 coins, with the latter enjoying investor confidence that stem from an upcoming hard fork scheduled for mid-November. BCH’s maximum price gain since Nov. 2 has been 37.5%, from $425 to $585 according to CoinMarketCap. Media outlets reported the Nov. 2 rollout of Dash Text in Venezuela, which allows mobile users to send and receive the digital coin via SMS texts — without needing a web connection. The service started beta testing in September, Dash says. A Dash spokesperson said it’s important to help people in emerging markets use cryptos as part of their daily routines. “[Only] 40% of the population [in Venezuela] has access to a smartphone, and [people have] experienced electrical and internet outages due to ... [the] ongoing economic crisis,” wrote Joël Valenzuela in Dash Force News. The move paves the way for similar rollouts in underdeveloped economies where Dash is replacing (to some extent) national fiats that have lost significant value. Venezuela has a population of 32 million. Last week, the project launched an Invites Program in Colombia that educates local merchants on the advantages of using cryptocurrencies to settle payments. Colombia’s inflation rate is 3.2%, according to International Monetary Fund. But over a 10-year period, rising prices can reduce Colombians’ purchasing power by more than one-third at that same rate. The country has a population of 49 million. The project also announced last week a new Point of Sale (POS) device developed by Brazilian blockchain firm EletroPay. The POS devices are designed for merchant adoption, and transactions are recorded on the blockchain. Product demonstrations were held at the Dash Colombia conference on October 27 in Medellin. Ryan Taylor, CEO of Dash Core Group, told Crypto Briefing: Digital currencies offer a myriad of benefits that traditional currencies and payment methods cannot provide. For instance, Dash can be seamlessly spent online or at merchants, with much lower transaction fees than credit or debit cards. We’re seeing a huge demand for Dash in these [inflationary] markets ...[More] merchants, such as grocery stores, coffee shops, and restaurants, are accepting Dash as a payment option. Last month, a similar SMS service was launched by CoinText.io in Turkey and Argentina using Bitcoin Cash. The launch of an SMS service represents another successful push from a network seeking to become the most effective payment currency and the leading de facto alternative to government-backed fiats. “We currently have over 2,000 merchants accepting Dash in Venezuela, as people are looking for an alternative and reliable way to store and spend their money, and receive remittances from the millions of Venezuelans living abroad back to family or friends,” Taylor said. The author holds digital assets but none mentioned in this article. The post Dash Surges 12% Amid Service Rollouts In Latin America appeared first on Crypto Briefing.

7 days ago

Bitcoin Green while Bitcoin Cash, Dash, BAT, IOTA & Making Solid Gains

Bitcoin is currently trading in green at $6,445 while the altcoins like BAT and Dash are making solid gains. Other cryptos like IOTA and Bitcoin Cash are also seeing a positive price movement. Meanwhile, let’s see what does the predictions say for Bitcoin’s price by this year-end. Bitcoin Making Slow Upward Movement Bitcoin is making its upward trek after dropping down to below $6,250. At the time of writing, the leading cryptocurrency has been trading at $6,445 with 24-hours gains of 1.07 percent. With a market cap of about $111 billion, Bitcoin has been managing the daily trading volume of $4.28 billion. Meanwhile, the BTC dominance is recording 52.8 percent. In recent times, Bitcoin has maintained stability as the volatility dropped severely. This came while the rising US interest rates strengthened the US dollar against a number of currencies. According to the Forbes, bitcoin price prediction of this year is bullish at about $12,629 as per Hayes’ model that focuses on the supply side of the Bitcoin model. CEO of Gath3r Web Miner, Raghav Reggie Jerath shares bullish sentiments with, “Historically, Bitcoin has always had positive price movements during the months of November and early December, so it is possible to see price settle around 7500 - 8500 range for the remainder for the year,” While Wheatley model that focuses on the demand side of the Bitcoin market predicts a bearish scenario at around $816. Clement Thibault, Senior Analyst at global financial platform Investing.com says, “For now, it seems like the selling pressure keeps on pushing the price down. As for a bottom, Bitcoin has maintained a hard floor at $6K for most of the year, which I would be surprised to see broken.” However, the market model which is a combination of the above-mentioned two models predicts $8,573 approximately. $6k is a ”hard floor” for Bitcoin trader Abraham Merkin who says, “The volatility we saw last year through the first quarter of 2018 is a thing of the past. Bitcoin will not hit $8,000 in 2018; and it might not reach $7,300 before Christmas given the current calm.” However, altcoins are seeing a lot of green right now. Out of the top crypto, Ethereum (ETH) is yet again above $200 with about 4 percent gain while XRP is trading at $0.4631, up by 1.64 percent. Bitcoin Cash (BCH) is registering a lot of greens at $553 with 3.79 percent gains. Monero (XMR) is rising by 4.21 percent at $110 and Dash is up by 6.76 percent at $166. With about 4 percent gains IOTA (MIOTA) is at $0.4967. Basic Attention Token (BAT) first took a jump with Coinbase listing and is now extending its gains with 7.22 percent gains at $0.312. Meanwhile, today’s highest losses are borne by Eternal Token (XET) with over 16 percent red. The post Bitcoin Green while Bitcoin Cash, Dash, BAT, IOTA & Making Solid Gains appeared first on Coingape.

7 days ago

This Chicken Coop Feeder Is Powered by Bitcoin Cash Payments in Real Time

On Oct. 25, an individual posted a live stream on the Twitch Interactive video platform to show the world how Bitcoin Cash (BCH) proponents can instantly feed his chickens online using zero-confirmation transactions. Since the stream kicked off, people have processed over $300 worth of BCH transactions to feed the fowl. Also read: Miners Have Begun Using Asicboost on the Bitcoin Cash Network Feeding Chickens With Bitcoin Cash Spencer Lambert, owner of the BCH-powered chicken feed system. The peer-to-peer cryptocurrency bitcoin cash is being used to feed chickens in an unusual manner. Just recently, BCH enthusiast Spencer Lambert told the public how they can feed his chickens using BCH and watch them get fed in real time on a Twitch live stream channel. To feed Lambert’s chickens, users simply need to send $0.50 worth of BCH to the coop’s address. After the money is sent, a cryptocurrency-powered dispenser flips a switch and pours out mealworms. According to Lambert, the “24/7 stream of our wonderful chicken life” uses the Handcash application coupled with an Iozeta-manufactured, cryptocurrency-enabled touchless candy machine. On the payment side, users simply send $0.50 of BCH with the Handcash.io handle “$CHICKEN” to start the power outlet. The Handcash wallet uses a name system, otherwise known as a “handle,” to make payments easier than using long alphanumeric BCH addresses. The process also utilizes zero-confirmation transactions, so once a transaction is broadcast, the mealworms are almost instantly dispensed. Lambert explained that the payments “take place in a fraction of a second, more or less instant.” He said he put up the money for the operation, adding that “mealworms don’t come cheap.” Lambert has referred to his Twitch channel as a “24/7 stream of our wonderful chicken life.” Iozeta Touchless Dispenser Lambert’s system uses an Iozeta touchless candy machine to dispense the chicken feed. Basically, users pay the QR code and the machine flips a switch to dispense candy, mealworms or anything else that will fit through the chute. The machine accepts bitcoin cash, litecoin, dash, and ravencoin, but Iozeta also manufactures a cryptocurrency power adapter. Paul Lambert, one of Iozeta’s co-founders, has explained how the candy dispenser works on Youtube: Once the Cryptocandy candy dispenser detects a new payment to the cryptocurrency address you specify, it activates the ‘payment received’ light and the motion sensor, allowing for candy to be dispensed. When the customer has received the candy, the motion sensor is again turned off. Memochicken BCH proponents have commended Lambert’s BCH-powered chicken feeding system on social media forums such as Twitter and Reddit. Many well-known cryptocurrency enthusiasts have also tested the system, including Coinbase CEO Brian Armstrong. This is pretty great - i just fed some chickens with crypto https://t.co/io9S33WpNo — Brian Armstrong (@brian_armstrong) November 4, 2018 Moreover, Unwriter has created an application called Memochicken, which the prolific BCH developer has described as a “fun but internally highly sophisticated” bitcoin app with a full event-driven architecture. “(Post) a memo with Money Button, and pick up the real-time transaction event through Bitsocket, which then queries the Handcash handle $chicken for the receiving address, which then queries Coinbase price API for the currency exchange rate for $0.50 in BCH, and then finally send the chickens $0.50 in BCH, which triggers the already-so-cool chicken feeding Twitch stream by Spencer Lambert,” Unwriter explained after releasing the Memochicken application. Lambert’s Twitch live stream and poultry feeding system can be seen here. The chicken’s first breakfast feeding begins at 9:20 a.m. EDT every day. What do you think about Lambert’s BCH-powered chicken coop? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Twitch, Spencer Lambert, Iozeta, and Twitter. Want to create your own secure cold storage paper wallet? Check our tools section. The post This Chicken Coop Feeder Is Powered by Bitcoin Cash Payments in Real Time appeared first on Bitcoin News.

7 days ago

Cryptocurrency Market Update: Monero and Dash Driving Monday Recovery

FOMO Moments Markets recovering this Monday; Monero, Dash and BAT climbing, Eternal Token getting trounced. As we start another week crypto markets have made some upward progress. Total market capitalization has passed $210 billion for the first time in seven days and green is the predominant colour at the moment. Bitcoin is up marginally and has made it to $6,440 after a low just under $6,300 a few hours ago. Bullish momentum appears to have returned, in the short term at least. Ethereum is faring a little better and is posting a 4% gain since this time yesterday taking it to $208 at the moment. Altcoins are all green right now and one or two are recovering well. In the top ten Bitcoin Cash has taken the lead with a 4.5% gain to $562. Monero is also trading strongly, knocking Tether down a spot and taking ninth place with a 4.8% rise on the day to $112. XMR market cap has reached $1.85 billion whereas USDT is at $1.77 billion, dropping it back to tenth place. The rest of the altcoins in this section are up a percent or two aside from Stellar which hasn’t really moved over the past 24 hours. Dash is posting the best gain in the top twenty at the moment, up almost 6% to $167. Iota, Zcash and VeChain are all up between 2-3 percent on the day and the rest are trading around a percent higher than weekend levels. BAT is still enjoying gains following its Coinbase listing and tops the top one hundred with a 9% rise to $0.321. Wax is also trading positively this Monday morning with an over 8% gain. Getting bashed up at the bottom of things in the top one hundred altcoins is Eternal Token dumping over 17% at the time of writing. Ravencoin is also in the red with a 6% loss on the day and Bitcoin Diamond is not far behind with a drop of 5% since yesterday. Total crypto market capitalization has gained almost 1.5% on the day to reach $211 billion, its highest level for almost two weeks. Things seem to have settled in this channel over the past few hours and, at least for the short term, the trend is bullish. Bitcoin dominance has taken a hit as the altcoins start to show signs of recovery. It has dropped back below 53% as Ethereum has slowly crept back over 10% and Bitcoin Cash has made solid gains. Since last Monday’s market dump things have recovered by 4% over the past seven days. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Monero and Dash Driving Monday Recovery appeared first on NewsBTC.

7 days ago

MBAex Accepting Dash To It’s Exchange

A cryptocurrency exchange in Southeast Asia, MBAex, will start to implement DAsh into its platform along with their own token MDP, Tether and Bitcoin trading pairs, due to the great work from Dash Embassy D-A-CH. The exchange’s currency consumer base is around “70% from Greater China area (China, Taiwan, HK, Macau)”, “20% SE Asia”, as well as “10% Others” areas with “daily website traffic of approximately 1.8mil access and active trader count of approximately 200k to 300k individuals.” The exchange told Dash Force News that they currently have over 1 million registered KYC-ed users. The integration will expose Dash to more individuals along with having the advantages of their “24hrs live chat support and an affiliate program to drive the growth of user base and transactions.” The exchange features trading fees which are 0.05% with a VIP6 subscription and a normal rate of just 0.1%. They also have extensive informational and research sections for traders. Over the next two years, MBAex has a goal to offer more products and services to grow their community, continue efforts on branding and marketing and expand in European markets. MBAex has said that they are motivated to integrate Dash because they always select the project with a great value proposition and potential to fulfil the needs of their user base. This is a common theme throughout the ecosystem and development of Dash. the payment processor and exchange, SlithEx is also aiming at integration in Southeast Asia by using Dash’s ease of use and technology advances to gain a better adoption. As said by Dash Force News: “Many groups who have integrated Dash have highlighted Dash’s focus on everyday usability as a reason for the integration and this increases the demand to buy and sell Dash on exchanges” The demand from merchants and consumers alike which want to buy Dash to use it or need to liquidate it into fiat to pay bills which can’t currently be paid through Dash. The team at Dash has actually said that it will focus on increasing adoption for Dash. This is due to traders using Dash as their liquidity service to move between exchanges and other coins quickly to capture the potential gains because Dash is faster and cheaper to move than other coins What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post MBAex Accepting Dash To It’s Exchange appeared first on Crypto Daily™.

7 days ago

Japanese Company Trials Cryptocurrency Payment Option for Limousine Rides

A Japanese company plans to trial the use of digital currency as a means of payment for limousine rides in major airports in Japan. Cryptocurrency Payment Trial to Begin in November A Japanese company, Remixpoint Inc., in conjunction with a Hinomaru, a Tokyo-based limousine company, is set to trial virtual currency payments for limousine rides in Japan. According to Bloomberg, sources say that the trips would cover the capital, Tokyo, and its two major airports. The sources further revealed that the trial period would commence this November. Also, at the start of the trial service, airport rides would cover Tokyo’s twenty-three wards and airports in Haneda or Narita. Furthermore, the unidentified sources say the company plans to announce the news on Tuesday (November 6th). Along with the announcement, the acceptable digital currencies for the trial service include Bitcoin, Ethereum, and Bitcoin Cash. However, anonymous sources further claim that the trial service would not be restricted to airport rides. The sources say that if the use of digital currency proves successful, both companies might extend the service to include regular taxi rides. The collaboration between both companies to use virtual currency as a form of payment is indicative of the move towards increased utility for cryptocurrencies. Cryptocurrency Adoption in the Retail Market Recent moves by retail companies to use virtual currency as a means of payment show a considerable penetration of the digital asset into the retail space. Despite the continued decline in the prices of cryptocurrencies, it appears more people are not averse to the utility of the emerging digital currency narrative in everyday micro-transactions. A Japanese restaurant became the first to accept NEM (XEM) as a form of payment back in 2016. Despite the Coincheck hack in Q1 2018, however, the restaurant still saw the potentials inherent in digital currency. Also, a restaurant in North Jersey included BTC and LTC as an alternate form of payment to attract younger customers. Furthermore, a Spanish café, Cafeteria Ona, announced that customers could pay for food or coffee using Tron (TRX). A local Kenyan restaurant located in Nyeri equally accepts two virtual currencies, Bitcoin (BTC) and Dash (DASH) as payment options. Apart from restaurants and cafes, pubs are also into virtual currency adoption. Craft beer company, BrewDog, announced Bitcoin (BTC) and Bitcoin Cash (BCH) as an acceptable means of payment after it opened its new pub in October. Image courtesy of SSH Elderly Services. The post Japanese Company Trials Cryptocurrency Payment Option for Limousine Rides appeared first on Ethereum World News.

7 days ago

New DASH Text Payment Service, Eases Cross Border Remittances in Venezuela

Earlier on in September, the team at DASH launched Dash Text: a Venezuela-based company providing SMS-based transactions using the digital asset. Back then it was in beta testing and users could easily access it using a five-digit shortcode on Movistar, one of Venezuela’s largest Telecom company. The team at DASH launched the service in order to combat hyperinflation and the breakdown of local payment processing services. Since cryptocurrencies are legal in Venezuela, DASH fully launched the service at an opportune time just yesterday, November 5th. Rather than spending hours at local ATMs to withdraw cash, DASH provides a perfect alternative for Venezuelans seeking liquidity and instant payment services. Making Cross Border Remittances Easier Cross border payments to Venezuela and other Latin American countries have been known to traditionally take days. With DASH, and with an 80% mobile phone penetration ratein the country, residents with family members working in neighboring countries, can send funds home quicker using Dash Text. Bradley Zastrow, Global Head of Business Development at Dash Core, explained this further as follows: Venezuelans living abroad send an estimated $2 billion USD back home in remittances. This process often takes too long and costs too much, making it a huge pain point for many users. With Dash Text, we are providing real solutions that address real problems. People need easy and cheap ways to send money home, and we’ve done it in a way that expands the Dash ecosystem to those without smartphones! Dash Text offers the perfect solution to ensure that everyone can become part of the Dash family, regardless of what phone people own. Current Market Performance of DASH Looking at the current value of DASH, the digital asset is up 5.46% in the last 24 hours and trading at $166.85 at the moment of writing this. Further analyzing the charts, we find that DASH was valued at $152 early Sunday morning. News of the Dash Text service has resulted in a percentage increment of 9.76% since early Sunday Morning. What are your thoughts on the new DASH text service in Venezuela? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post New DASH Text Payment Service, Eases Cross Border Remittances in Venezuela appeared first on Ethereum World News.

7 days ago

Dash Price Sees 13% Surge Thanks to Launch of Payment Service in Venezuela

Earlier this afternoon the price of Dash (DASH) surged by as much as 13% thanks to the recent launch of a payment service for Venezuelan citizens. The intraday lows for the Dash price occurred during the Asian session, which saw the price drop to a value of $152.78. The intraday high for Dash was $172.68, and the price has since settled around the 162.75 level. Dash continues to make inroads among the Venezuelan population, and could soon become the cryptocurrency of choice in the South American nation. (JF)

8 days ago

Major Crypto Projects Have Lost Their 2018 Gains

As the cryptocurrency space continues to suffer from a prolonged bear market, some of the largest projects with global support and a top 20 ranking are now trading at prices lower than they were 12 months ago. Included in the long list of coins that have erased all 2018 gains are Dash (DASH), Litecoin (LTC), Ethereum (ETH) and Neo (NEO). Around this time last year, the ICO madness was really ramping up, which had the effect of raising the value of the entire altcoin market as Bitcoin began its climb to a value near $20,000, which is a major reason cited for the fluctuation in all prices. (JF)

8 days ago

Dash Text, a Service that Supports SMS Payments, Launches in Venezuela

Dash, which is the No. 13 cryptocurrency based on market cap, has launched its text-message payment service in Venezuela. Dash Text is an SMS service that makes it possible for users to send and receive DASH with a mobile phone that subscribes to telecom service providers Movistar or Digitel. Dash Text, which is the result of a collaboration with blockchain-fueled cloud platform BlockCypher, announced plans for Dash Text in recent months, and according to reports, the service has officially launched. Dash has been strengthening its grip in Venezuela even as the state-owned cryptocurrency dubbed the Petro is available to buy. (GT)

10 days ago

Anypay Provides Bitcoin Cash Invoices That Can Be Paid by Sending a Text Message

On Oct. 29, a Bitcoin Cash proponent used the Cointext wallet to purchase a croissant by text message at La Maison Navarre, a bakery in Portsmouth, New Hampshire. The shop uses the free Anypay point-of-sale application, which connects to the Cointext system to allow people to make purchases by SMS. Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Buying a Croissant With Bitcoin Cash and SMS Technology Anypay.global offers a free cryptocurrency payment processing system. Cryptocurrency enthusiasts can now purchase items from brick-and-mortar shops using the Cointext wallet with bitcoin cash (BCH) and SMS technology. The Anypay.global payment processor, a free point-of-sale application for retail merchants, has integrated Cointext payments within its invoice platform. If a user chooses to pay for a product with bitcoin cash, they will be introduced to Anypay’s invoice system, which displays a written BCH address, a QR code, and the ability to pay by text using an SMS-based code. The Cointext wallet is a light client for mobile phones that allows users to send BCH over standard text messaging services without an internet connection. The Cointext wallet allows users to pay for items with bitcoin cash, simply by sending a text message. At the La Maison Navarre bakery, an individual recorded a video showing how simple it is to purchase items using a text message coupled with a BCH transaction. The customer texted “BUY” and a randomized number and quickly purchased a croissant in the 45-second clip. After watching what may have been the first SMS brick-and-mortar purchase using bitcoin cash and SMS technology, news.Bitcoin.com decided to test the Anypay point-of-sale (PoS) system. Testing the Anypay Point-of-Sale System With Cointext You can register for the free service with only an email address and a password to create an Anypay PoS account. After the account is created, you need to “add an address.” You can choose from cryptocurrencies such as bitcoin cash, dash, litecoin, dogecoin, bitcoin core, zcash (non-shielded address), and a coin called horizon. I used an address from my Bitcoin.com Wallet and anchored a public address to the Anypay PoS system. Anypay’s software uses the BCH Cashaddr address format and a watch-only method to log invoices and charts for incoming and outgoing transactions. Anypay’s free PoS payment system for merchants supports seven different cryptocurrencies. After adding a valid BCH address, the software allows you to create an invoice. I set the test invoice to $0.25 cents worth of BCH in the app’s administrator panel. After that, an invoice was created with the address and a scannable QR code. After creating a BCH invoice, the app provides a Cointext code with an address and QR. Sure enough, a little green box that allows Cointext payments popped up that read: “TEXT ‘BUY 88BZZ.’” After using the text code, the invoice was paid pretty much as quickly as it would have been using the other payment options provided by the Anypay invoice. After the video from the bakery was published online, individuals across social media and BCH-oriented forums said they were excited to hear about being able to buy items with SMS technology and BCH. The Anypay system is similar to bitcoin cash PoS solutions such as Mini-POS, Akari Pay, Cheddr.cash, and others released this year. But the Cointext SMS integration adds another element that the other bitcoin cash PoS providers do not offer. What do you think about the Anypay.global PoS system and the ability to purchase goods using bitcoin cash and SMS technology? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Cointext, Anypay, and Pixabay. Need to calculate your bitcoin holdings? Check our tools section. The post Anypay Provides Bitcoin Cash Invoices That Can Be Paid by Sending a Text Message appeared first on Bitcoin News.

11 days ago

Dash's Hashrate Reaches All-Time High

As Dash fails to get significant traction to for price, the mining hashrate reached an all-time high. The hashrate reached 2.884 petahashes, going past the previous high of 2.63 petahashes last December when Dash was $1,500 per coin. Also, Dash has seen consistently pushed for adoption among merchants. According to DiscoverDash, 4,015 businesses globally now accept Dash as a form of payment. It has seen significant adoption in Venezuela, where more than 2,200 merchants now accept Dash. Dash (DASH) is priced at $153.15, losing 0.57% in the last 24 hours. (VS)

11 days ago

Dash’s Adoption and Hashrate Reach New High While Price Continues to Languish.

While the prices of most cryptocurrencies are off their peaks, very few coins and tokens are working hard enough to regain those price peaks back. One such coin is Dash, which not only has worked on improving its merchant reach but also has worked on its core and improved its hash rate. Dash firing all guns to break into top 10 coins According to the latest post by Joël Valenzuela, the editor of Dash Force News - Dash’s own mouthpiece- Dash adoption and mining hashrate has reached new highs as the US economy shows long-term signs of trouble. According to global Dash merchant listing site DiscoverDash, 4,015 businesses globally accept Dash as a form of payment. This is likely a conservative global estimate since many processors such as GoCoin do not publicly list their customers, and CoinGate alone, which enables Dash payments by default, claims 4,000+ merchants worldwide. According to the post, the growth for Dash comes as other sectors of the economy show signs of worry. To quote from the post “The growth in Dash’s ecosystem comes as other sectors of the economy show signs of worry. The US national debt continues to grow at an incredible rate, fast approaching $22 trillion. According to projections by the Committee for a Responsible Federal Budget, without changes to current spending policy, the US national debt will grow to six times the country’s gross domestic product (GDP) by 2093 when the population born in 2018 will have reached 75 years of age” One of the other contributors to this growth has been Dash’s efforts in Venezuela. The coins successful endeavors in Venezuela have created a global template for adoption in the event of a worldwide economic crisis. At present, nearly 2,200 merchants in Venezuela accept Dash for payment, over 50% of the global known total. This is due to the combination of the several Dash teams on the ground pushing adoption for the last year, as well as Venezuela’s considerable economic problems, with hyperinflation leading to issues storing wealth as well as transacting. Dash has a fixed stable supply and can transact instantly anywhere in the world for fractions of a cent, presenting a superior alternative. In the possible event of more failing currencies around the world, we may see a similar opportunity for Dash adoption to rise. While this has been on the adoption side. Dash’s mining hashrate has reached a new all-time high. At the time of writing, the current hashrate has reached an unprecedented 2.884 petahashes, according to data from BitInfoCharts. The previous high was reached in late December at 2.63 petahashes when Dash had reached an all-time high in the price of over $1,500 per coin. The current new high in hashrate comes as the price remains around 10% of what it was when the previous high was reached. While Dash is definitely doing every bit to get its peak prices back, one will have to wait and see when does it actually gets there. How sooner, do you think, will Dash reach its peak price of around USD 1500 again? Do let us know your views on the same? The post Dash’s Adoption and Hashrate Reach New High While Price Continues to Languish. appeared first on Coingape.

11 days ago

Cryptocurrency Market Update: Dentacoin (DCN) Gets a Dose of FOMO

FOMO Moments Markets are still flat on the day; Dentacoin is surging, Ravencoin is flailing. Crypto markets seem to move every couple of weeks now instead of on a daily basis indicating that some of that massive volatility could be coming to an end. Needless to say there has been no movement in markets since this time yesterday as they are still holding the same level. Bitcoin’s birthday came and went and it hasn’t moved. Currently sitting at $6,315 BTC has found its new channel for the time being. The fact that it has remained above $6,000 all this time when other altcoins have continued to fall is a good sign for the daddy of crypto. Ethereum is equally static today, remaining below $200 for the fourth day in a row. As was the case yesterday, the altcoins are mixed but gains and losses are minimal at the moment. In the top ten, only XRP and EOS have made back more than one percent. The rest are mostly green but by fractions. The top twenty altcoins by market cap shows a similar pattern. Iota has made almost 3% to $0.463 and Dash has lost almost 3% to $152, the rest are not moving during Asian trading this morning. We have to look a lot further down the chart to find any movement today. The fomo is coming Dentacoin’s way with a surge of 36% on the day. The official release of the Dentacoin Wallet dApp 1.0 appears to be the only thing driving momentum for DCN right now; We are thrilled to announce the official release of the Dentacoin Wallet dApp 1.0. The new version features UX improvements and facilitation of the entire customer journey, making it more convenient than ever to become part of the Dentacoin ecosystem! https://t.co/RpWj7iCnE1 — Dentacoin (@dentacoin) October 31, 2018 Dentacoin is currently ranked at 72 with a market cap of $86 million. The only two other altcoins making big moves today are Horizen and Chainlink, both climbing over 18%. There are no double digit losers at the red end of the chart but Ravencoin is currently the worst performer in the top one hundred losing 6% on the day. Total crypto market capitalization has done very little since yesterday and remains at $203 billion. A small spike a few hours ago threatened to inject some life into markets but it hasn’t materialized and the lethargy continues. The snow seems to be settling as we start another month in crypto land. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Dentacoin (DCN) Gets a Dose of FOMO appeared first on NewsBTC.

12 days ago

New Hampshire Opens Arms to Bitcoin Embassy, Second in the US

New Hampshire in the U.S. is once again showing how crypto-friendly it is with the opening of a Bitcoin Embassy, making it the second in the country. Teaching the Basics of Bitcoin Located on Route 101 in Keene, New Hampshire, is the Bitcoin Embassy. The aim of it is to provide a place where people can learn about cryptocurrency in a fun and easy manner, in addition to delivering network opportunities. It will also bring Bitcoin 101 lessons to individuals and businesses. This is the second Embassy located in the U.S. The other is situated in Atlanta, Georgia. The addition of the Bitcoin Embassy to Keene brings the total to 11. The remaining ones can be found in Amsterdam, Helsinki, Kiev, London, Montreal, Perth, Stockholm, Tel Aviv, and Warsaw. In a report from the New Hampshire Public Radio, Chris Rietmann, executive director of the Embassy, said: For regular everyday people who have heard about Bitcoin and they are intrigued by the idea, we can basically get them up to speed without throwing lots of technical jargon at them. He adds that Keene was the ideal fit due to the high number of people who accept Bitcoin in the area. Other areas in New Hampshire, which are embracing the crypto space include Portsmouth and Merrimack. Both of these places are also seeing a rise in the number of Dash payments. New Hampshire Embraces New Technology The state of New Hampshire has taken an open arms approach to cryptocurrency and the blockchain. So much so, that last June, Chris Sununu, the Governor of New Hampshire, signed a bill into law that removes digital currency traders from the state’s money transmissions laws. Receiving support from grassroots organizations, the bill has paved the way for New Hampshire to be seen as a crypto-friendly state. To also promote that New Hampshire is embracive of the space, the state-based newspaper, Monadnock Shopper, published a front-page article, last year, about Bitcoin in Keene and the businesses that accept it. These include Route 101 Local Goods, Liberty Lobby, ThinkPenguin, Keene Website Designers, and LocaCopia. Even though other countries and governments are taking a hardline - such as China and India - about cryptocurrency, states such as New Hampshire are showing that while the technology is still new there’s nothing to be afraid of. Instead of cracking down on it, why not embrace it to see where it may lead? Do you think New Hampshire is becoming the crypto state of the U.S.? Let us know in the comments below. Images courtesy of Shutterstock. The post New Hampshire Opens Arms to Bitcoin Embassy, Second in the US appeared first on Live Bitcoin News.

12 days ago

Venezuela Officially Launches State-Owned Petro Coin

Cryptocurrency, Petro Coin-In a move that could have potential ramifications for cryptocurrency and economies around the world, Venezuela has officially launched the first state-backed “cryptocurrency” in the form of the Petro coin. While numerous questions remain surrounding the legitimacy of the currency, a move that many see being carried out in both desperation and an attempt to capitalize on the crypto/blockchain fever that has overtaken fintech markets during the last year-Venezuela’s government will provide a sandbox for how crypto integration should and should not be conducted going forward. While traditional cryptocurrencies have sought to operate outside of government influence, free of the political and bureaucratic policies that often hamper most currencies operating in free markets, the Petro coin embraces government oversight whole-heartedly, having been spawned from the financial administration that is currently overseeing one of the worst currency inflation crises in modern history. Beginning on Oct. 29 and announced via Twitter, the Venezuelan Economy department has begun offering Petro coins for purchase with fiat through the coin’s official website or from a handful of cryptocurrency exchanges that have been vetted and authorized by the government to conduct sales for the coin. “The Petro may be acquired by legal and natural persons from its web portal.” #Enterate || El Petro podrá ser adquirido por personas jurídicas y naturales desde su portal web https://t.co/0ldQe5CTHL #PetroNuevaEraEconómica pic.twitter.com/x2gyoncOVd — Vicepresidencia de Economía (@ViceEconomia) October 29, 2018 Currently, the coin appears to be for sale via the country’s treasury in exchange for U.S. dollars, Chinese yuan, or euros, in addition to several cryptocurrencies, including Bitcoin and Litecoin, with some confusion remaining about the sale originally allowing for Ethereum and DASH purchases (DASH, in particular, has managed to gain a strong foothold in the country as astronomical inflation has led people to look for alternatives to the bolivar for day to day transactions). While details about the official launch and developmental support for the coin going forward are rather scant, a surprising move consider the scale of such a project that is the first of its kind, the Venezuelan government has appointed a superintendent of crypto assets and related activities, Joselit Ramirez, who is in charge of overseeing and handling customer services complaints and issues with the coin, as well as helping transition citizens who are looking to use the coin over the now largely defunct bolivar. As CoinTelegraph pointed out, while the Venezuelan government has tabbed six cryptocurrency exchanges to officially sell the Petro coin in exchange for fiat and other cryptos, none of the platforms crack the top-100 exchanges by the metrics offered through CoinMarketCap. Considering the decentralization and effective tendered nature of cryptocurrencies, this could become a misnomer in the near future as buyers of the Petro are free to develop their own marketplaces for trading the coin-a move that could provide some relief from the current interference of government influence over the coin and provide an alternative to purchasing directly through the treasury. While a app-based wallet was also announced to be launched alongside the currency, made specifically for new investors and users of the Petro coin, it has since been pulled from Google Play, leading to even greater uncertainty and doubt into the exact nature and reliability of the coin moving forward. The post Venezuela Officially Launches State-Owned Petro Coin appeared first on Ethereum World News.

12 days ago

Electroneum Wants To Be The Next PayPal

The instant mobile payment platform Electroneum (ETN) is ambitious: it wants the world and it wants it now. So it seems with its latest announcement that it hopes will improve ETN adoption, to turn it into one of the world’s largest payment solutions. Electroneum announced earlier today it would be kickstarting a new recruitment drive to encourage vendors onto the ecosystem. Using an advertising campaign, the ETN core team argue they can convince more merchants to sign up. Electroneum’s CEO and Founder, Richard Ells, highlighted that one of the key benefits would be access to a customer base with a multi-million dollar value. “There are 2.5m Electroneum accounts with a total of $150m worth of ETN waiting to be spent,” explains Electroneum CEO and Founder Richard Ells. “What retailer wouldn’t want to be able to tap into that?” he added. What is Electroneum? Electroneum is a payment solution. Whereas similar cryptocurrencies like Bitcoin (BTC) or Litecoin (LTC) rely on a wallet-based infrastructure, ETN is designed to be accessed from mobile phones. Users can hold tokens as well as send and receive transactions with one another through the Electroneum app. This lowers the barrier to entry for the less tech-savvy and complements existing financial infrastructure where phones are already used as a payments tool, especially in parts of Africa. Although based in the UK, Electroneum’s primary user base is out in the developing world. Crypto Briefing has looked at the Electroneum project before. The project brought out a whole host of new KYC (Know Your Customer) requirements, which they said could potentially lead to app users being able to purchase age-restricted items - like alcohol - without needing to provide any further proof of identity. The project was forced to make a U-turn during the summer when a plan to become an ASIC-resistant network went awry. A sudden collapse in hashrate, the number of transactions confirmed by miners on a blockchain, made the network less secure and effective. As a payments network, the team promised instant payments. A deeper inspection revealed that the API actually sends a message to the receiver, saying funds are on their way. ETN adoption: what we’ve been waiting for? As well as the new vendor drive, Electroneum is also looking to ramp up the number of consumers on the network. The project is currently in talks with mobile operators, who can help integrate the payment platform into their networks. Ells hopes that strong partnerships will lead to a significant increase in Electroneum users: “Once our deals with these mobile companies are over the line, they’ll start encouraging their users to download our app and start mining ETN”. “When that happens and we have people using ETN on a regular basis, they’ll start looking for other places to spend their ETN”, Ells added. “We’ll become an established means of digital payment just like PayPal or ApplePay. Then the world’s our oyster!” ETN adoption will get the platform somewhere towards fulfilling its imperial dreams. Other projects exist however. Dash (DASH), a rival payment network, has also set its sites on the developing world and has made significant inroads into South America. Electroneum will need to have real fire in the belly if it wants to take on PayPal... and beat it. The author is invested in BTC, which is mentioned in this article. The post Electroneum Wants To Be The Next PayPal appeared first on Crypto Briefing.

12 days ago

Ripple Rolls Out Settlement Tools But Skepticism Remains

Ripple has been making waves the past month by offering on-demand liquidity to banks for transnational settlements using XRP, but not everyone’s happy. Although the new platform could significantly boost volume for the No. 3 ranked crypto with $17.8 billion in market capitalization, it has attracted plenty of criticism from the larger crypto community. “Multi-hop gives RippleNet members the ability of transacting with banks or payment providers or digital wallets that they don’t have a direct relationship to. That’s so important because in today’s world, you need a bunch of bilateral relationships clunkily put together in a chain ... to move money,” said Craig DeWitt, director of product, in an Oct. 29 company vlog. DeWitt added that the fastest and cheapest payment options can be available to users when they go through xRapid. Through finance-facing platforms such as RippleNet, banks can move tens of millions (or more) across borders in minutes (rather than days) in more than 40 countries. And do so at lower cost than traditional wire services. These cross-border transactions are powered by xRapid, which Ripple said in an Oct. 1 announcement eliminates the need for pre-funded accounts. (The liquidity is derived by converting XRP into sovereign fiat on global cryptocurrency exchanges.) XRP may “grease the wheels” of a tokenizing global economy by circumventing the impediments of legacy systems. But skepticism remains because of the parties involved. Ripple has been criticized for developing centralized tech in a blockchain industry that celebrates decentralized money. Many crypto users are inclined towards trustless coins powered by distributed nodes mainly because these do away with the very institutions whose actions led to 2008 Financial Crisis. “Why work with and trust the same institutions?” critics say, when Nakamoto-inspired innovations now make possible peer-to-peer, direct exchanges of value. Aside from re-establishing the role of the middleman (and his fees), the skepticism stems from distrust of large institutions. Much of Ripple’s leadership team come from Corporate America (from companies such as Citibank, Google and IBM) — and this clashes with the rogue culture of early developers who want a total disruption of centralized business practices. Traditionalists argue that tokenization of assets may be the future. But these projects need to operate within existing regulatory frameworks that govern financial institutions, which is what’s needed for mass adoption to occur. Hallucinations of crypto-anarchism won’t fly in the real world where, from a pragmatic standpoint, the banking industry is among the most regulated of any sector, along with utilities, airlines and healthcare. “This is where FinTech has struggled. Pure code is one thing, but it has to also be compliant and regulated,” said Ripple executive chairman Chris Larsen at last week’s Money 20/20 conference in Las Vegas. “Technology is embedded in everything these days, and people are scared. They don’t want to hear how you’re going to break things.” Ryan Taylor, CEO of No. 12 ranked Dash, told Crypto Briefing that governments will need to eliminate regulatory uncertainty so that blockchain and cryptocurrency operators have guidance moving forward: Right now, regulatory uncertainty is preventing a lot of businesses from jumping in to provide services or accept payments in digital currencies .... In particular, with big banks and financial institutions jumping into the space, regulators will have to start addressing these concerns in the near term, which will hopefully provide some further clarity for projects in the industry and will encourage continuous innovation and development of these technologies. Ripple’s still facing plenty of regulatory uncertainty, but that hasn’t damaged its bottom line. Last week the company announced that it sold $163 million worth of XRP in Q3. The company also released 3 billion XRP out of escrow. The author holds digital assets but none mentioned in this article. The post Ripple Rolls Out Settlement Tools But Skepticism Remains appeared first on Crypto Briefing.

12 days ago

EtherMium Decentralized Exchange Review

Multi-functionality is one of the most favorite qualities of any product. Especially if the functionality of the project meets user requirements. All functions obliged to be performed efficiently, reliably and without fail. Meantime decentralized exchanges grow in popularity but go off the quality. Decentralized exchange (DEX) - is an exchange that uses the blockchain technology; the service doesn’t store funds or personal information of its users. The service is basically a platform for searching correspondence between purchase and sales bid. The transaction is made directly between service users (peer-to-peer) eliminating financial middlemen. We have heard a lot about cryptomarket-famous players like the EtherDelta and the IDEX. These DEXs does not have a wide field for trade and have limited functionality. The general rule is the absence of growth, new features or ambitious projects. What is EtherMium? The EtherMium is a new DEX, that has the potential to be a revolutionary cryptomarket instrument for traders. EtherMium has all main features of a decentralized exchange and announces implementation a whole complex of centralized exchange opportunities and possibilities. The service cares about client security: there is no user identification needed. For safety considerations, EtherMium never keeps its users funds. All transactions are made with the help of smart contract technology. Thus all users hold and manage their funds by themselves. The user is allowed to trade straight after registration. As for the cryptocurrency variety, EtherMium will offer not only a standard and wide range of Ethereum ERC20 tokens but non-Ethereum cryptocurrencies such as Bitcoin, Litecoin, Ripple etc. It’s important to have the possibility to trade the most common and popular cryptocurrencies. Often the trader has a limited variety of cryptocurrency. And it makes a great inconvenience to use several cryptocurrency exchanges. One of the most interesting possibilities will be a trade of raw commodities, company stocks and indices. It also gives the trader the desirable variety. Also, the opportunity of leverage trading is worth mentioning as a separate point. And again all the possibilities of the Ethermium mentioned above are absolutely safe and anonymous. In addition, EtherMium has one more option to offer - a channel for investment by using famous and extremely popular ICO investment scheme. Creation of peculiar new crowdfunding platform at the DEX is an ambitious and a really interesting idea. EtherMium: fast, simple and anonymous trading. To start using EtherMium you need to register the wallet and keep Ethereum available - and you are ready to trade! Thanks to the well-thought-out design of the trading screen you can trade cryptocurrencies fast and easy. Owing to the smart team of project development you can work without deadlocks, unnecessary waste of time and constant support tickets. It’s nice to use the bugless service that works without fail. The EtherMium offers a truly competitive trading commission in addition to no withdrawal or any deposit fees. The following trading model allows the seller to make a transaction without commission fee. And the buyer makes transactions with 0,2% commission fee. Prospects EtherMium plans to offer an exceptional feature - leverage trading. There is no decentralized exchange at the contemporary market that can offer such an opportunity to its customer. Investors will have the possibility to bet on the prices of certain assets: cryptocurrency, raw commodities, shares, and bonds etc. EtherMium announces the leverage limit will be around 10x for starters. According to the continuous growth of the service and its possibilities the creators promise to minimize the limit. The ambitious aim of the project is to develop leverage trading with available assets such as Bitcoin, Dash, Litecoin, and Monero and of course oil, gold, and other tradeable assets. EtherMium announced occurring in the near future mobile app for IOS and Android. It’s nice to notice, that the creators care about the client’s constant and comfortable service usage. The EtherMium DEX will definitely change the world of cryptocurrency trade. The general trend of the project is to collect the best features both from centralized and decentralized exchanges and to combine them into a moonshot project. The service is worth noticing for client-centeredness and intentions for constant development. Absolute anonymity and safety for making transactions, easy terms for trading, aiming to be multiplatform, the possibilities of leverage and commodities trading, ICO investment etc., all of it will be a very powerful tool for a successful trader of today. More details: Ethermium Twitter - https://twitter.com/Ethermium Ethermium Telegram - https://telegram.me/EthermiumCom Ethermium Reddit - https://www.reddit.com/r/EtherMium/ The post EtherMium Decentralized Exchange Review appeared first on Zerocrypted - Your Daily Cryptocurren

12 days ago

Binance Coin [BNB] Will Now Be Available for Fiat Trades on eToro

Global multi-asset trading platform eToro recently announced that it had added Binance Coin (BNB) to its platform. The native token of the largest crypto exchange in the world, Binance, has become the 13th cryptocurrency to be added to the platform. BNB will be available for buying and selling using fiat. The ERC20 token was launched in mid-2017 following an ICO and is currently the 14th largest crypto in the world with an over $1.2 billion in market cap. Sharing the Vision eToro, in a tweet, announced the addition of BNB to their platform. Binance quoted their tweet and wrote:: “@eToro will now offer $BNB to investors and traders to buy or sell using fiat. We are excited to be listed on eToro, whose team shares our belief in creating long-term utility and value.” The Binance Coin can be used for paying trading fees on the Binance crypto exchange or held as an investment. Binance offers attractive discounts to incentivize BNB adoption on their platform. On eToro, BNB will help users in diversifying their crypto portfolio further. It is now the 13th coin listed on the platform, joining the ranks of Bitcoin, Bitcoin Cash, Ethereum, Ripple’s XRP, Litecoin, Ethereum Classic, Dash, NEO, Stellar, EOS, IOTA and Cardano. Co-founder and CEO of eToro, Yoni Assia said that the platform believes in the potential of crypto assets despite the “sensational headlines” ringing crypto’s death bell. She said that eToro clients are also seeking to diversify their portfolio because of which BNB has been added to the platform. Isn’t BNB a Utility Token? In the beginning, BNB was primarily used as a utility token which helped in facilitating transactions on the Binance exchange. The token is often referred to as the reason that Binance became the world’s largest crypto exchange before even its second anniversary. Now BNB’s status as a utility token and its use cases are increasing as Binance continues to grow. For eToro, it wouldn’t be a big deal if BNB is a utility token. Assia puts it perfectly, saying: “As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenization of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain.” Australian startup TravelbyBit is pushing the currency-side of the coin by integrating BNB payments with all merchants on its network. Binance founder and CEO also commented on the changing landscape of BNB adoption, saying that Binance Coin’s addition on eToro will help it reach millions. He noted: “As a utility token, we believe in creating long-term utility and value. We will continue to do so together with eToro.” Binance Coin [BNB] Will Now Be Available for Fiat Trades on eToro was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

12 days ago

Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year

FOMO Moments Markets have found a new level for now; Dash, OmiseGO starting to recover, Revain dumping still. Crypto markets seem to have found another plateau for the time being. Yesterday’s big dump stopped just above $200 billion total capitalization and markets have remained at that level today. Bitcoin has found support above $6,300 for now and has stayed there for the past 24 hours remaining flat on the day. The bears are still dominating things so a further decline to $6,200 could be imminent. Ethereum has extended its losses and remains under $200 at $197 at the moment. Altcoins are currently mixed which suggests that they have found another level and no further losses have occurred. In the top ten only Monero has managed to claw back anything, and that is only 1.2% to just over $100. The biggest loser is Cardano again as ADA slips closer to dropping out of the top ten. The top twenty is also half green and half red but only marginally. Dash is currently making the best recovery with a 2.5% gain to $156. Still falling is VeChain with a further loss of 2.5% during the morning’s Asian trading session. Just outside this area of the chart at 21 is OmiseGO has also made nearly 4% back today. There are no double figure fomo pumps right now but topping the top one hundred’s best performing altcoins at the time of writing is Chainlink and Pundi X bit gaining 6-8 percent on the day. PIVX has also regained 5% and Loom Network is not far behind. Topping the red end of the top one hundred and the only altcoin with a double digit loss is Revain shedding 13% at the moment. Also getting beat up is Cryptonex, Dentacoin, Digitex Futures, and Revencoin all losing over 7% on the day. Total market capitalization has held the level it fell to yesterday which is $203 billion. Trade volume is a lowly $10 billion and this appears to be its new channel for now. We are still in the depths of 2018’s yearlong crypto winter. Bitcoin’s dominance has remained over 54% for its birthday and aside from a couple of quick dips has remained over $6,000 for a year which is remarkable. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year appeared first on NewsBTC.

12 days ago

DASH Price Analysis: Inertia reigns

DASH is one of the blockchain sector's original 'jack-of-all-trades' networks, attracting buyers with good Masternode investment returns, accessible peer-to-peer payment infrastructure, and the ability to make transactions private. Despite this diversity, it has offered little price resistance against 2018's bear market.

12 days ago

Coincheck Resumes New Account Openings, Customers Deposits

Coincheck, the Tokyo-based cryptocurrency exchange victim of a $500 million worth theft, has resumed new account openings, customer deposits, and purchasing of some digital currencies. The operator had suspended some services following the late January incident in order to protect customers’ assets and investigate the cause of hacking. Coincheck Exchange Resumes Trading of BTC, ETC, LTC, BCH, New Accounts Exclusive for Japan Residents The theft of $500 million worth of NEM in early 2018 caused alarm in Japan, forcing the hand of the country’s financial watchdog, the Financial Services Agency (FSA), to be more demanding of cryptocurrency exchanges operating in its jurisdiction. Coincheck has improved its governance and internal control throughout the year in order to safely restart its activities, the company explained in the announcement. “In particular, we resumed JPY withdrawal in February 2018 and remitting and selling of cryptocurrencies gradually during the period from March to June 2018. And now, here we announce that Coincheck has resumed “new account openings” and “customers’ depositing and purchasing some cryptocurrencies” services today.” The cryptocurrencies made available for deposit are BTC, ETC, LTC, and BCH, which are also available for purchase. Bitcoin trading on Coincheck was never suspended and users were always able to sell any cryptocurrency on their portfolios. New account openings are only available for customers residing in Japan. The registration process includes the submission of identification documents and a KYC check, before receiving a postcard-sized letter from Japan Post instructing the account activation. Coincheck requests existing customers to generate a depositing address when reusing the depositing service. If a remittance is sent to the old deposit address, the operator will not reflect it on the user’s balance nor return it back. The operator, which was acquired by Monex Group for $33.5 million, warns customers that trading services may be temporarily suspended if the platform experiences a significant increase in the volume of transactions or sudden price fluctuations. Coincheck is yet to resume depositing and buying of ETH, XEM, LSK, XRP, and FCT, as well as leveraged transactions for new positions, its affiliate service, JPY depositing through convenience stores, JPY quick depositing (Pay-easy), Coincheck Payment, and Coincheck DENKI (electricity). The services are expected to resume once they are confirmed safe and ready to be offered, the operator added. In May 2018, the cryptocurrency exchange announced it was ordered to delist Monero (XMR), Zcash (ZEC), Dash and Augur’s Reputation (REP) in accordance with Japan’s FSA’s new policy which aims at banning cryptocurrencies that offer significant anonymity. Featured image from Shutterstock. The post Coincheck Resumes New Account Openings, Customers Deposits appeared first on NewsBTC.

13 days ago

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