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GameCredits News

Germany Are Leading The Way For Bitcoin Adoption

If you’re asked to think of countries that are paving the way for Bitcoin adoption, we could guess that you would think of countries such as Japan and the United States of America which have been in the game for quite a long time. Indeed, the adoption of cryptocurrency across these countries is rife, so it is hard to forget just how far other countries across the globe have come in their own crypto-journey’s too. Germany is somewhat an underdog when it comes to crypto, simply because Germany is a FIAT finance powerhouse, so we can assume that regulation might present Bitcoin adoption with a few obstacles. According to recent reports however, this is not the case and that in fact, Bitcoin and blockchain adoption within Germany is a hotter topic than ever before. Germany are known for having the biggest economy in Europe, and one of the biggest in the world. They are very adoption of blockchain technology and a number of the countries biggest and boldest firms are already making the most of the blockchain in order to kickstart a technological revolution - something that seems to be inspiring the rest of Europe too. Bitcoin adoption is hot The fact that Bitcoin and blockchain adoption is such a hot topic in Germany at the moment is down to their very forward thinking population. According to recent reports, a large proportion of 18-29 year olds in the country already have an active interest in purchasing Bitcoin: “A survey conducted by the German Consumer Centre shows a growing interest in crypto, with more than a quarter of young Germans saying they are willing to invest in cryptocurrency. It is not surprising that a demographic whose lives have been characterized by smartphones, internet, and social media, see the attractive functionality cryptocurrency provides as an instant and decentralized means of transferring value.” Tie this in with the fact that major companies within Germany are using blockchain technology, and it’s clear to see just how much of an impact this industry is having on the general population in the country. A great example of this comes from Porsche, a leading German car manufacturer that have recently been exploring the wider implications of blockchain technology: “Auto executives say they are counting on the blockchain promise of secure, traceable transactions to streamline supply chain management. Specifically, Porsche has been developing blockchain applications to park cars, lock and unlock vehicles, and make loaning out a company car to an employee easier.” Next time you’re encouraged to think about Bitcoin and blockchain adoption, perhaps have a second thought and look outside of Japan and the United States - big portions of the rest of the world aren’t far behind here!

14 hours ago

Bitmain’s Game Plan: Rushes in Bitcoin Mining Chip Just a Day Before Reporting $500 Million Loss in IPO

Just yesterday, Bitmain announced the release of a new 7-nanometer Bitcoin mining processor that the company says offers new levels of energy efficiency. BM1397, the new ASIC (application-specific integrated circuit) will reportedly offer improvements in chip size, energy efficiency, and performance in the mining of the proof-of-work (POW) cryptocurrencies that are based on the SHA256 algorithm including Bitcoin (BTC) and Bitcoin Cash (BCH). Bitmain Technologies said in its official announcement: “This is a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391. To achieve this, Bitmain’s engineering team has thoroughly customized the chip design to optimize its architecture, circuit and economics.” These new chips are made using TSMC, (Bitmain’s chip supplier, Taiwan Semiconductor Manufacturing Company) which the company says it is “a testament to Bitmain’s improvements in chip design methodology and deep understanding of the most advanced semiconductor fabrication technologies.” The BM1397 chip that will feature new Antminer models the S17 and T17, to be announced at a later date by the company, is designed to provide a better mining experience while aiming to “set a new benchmark in ASIC chip technology.” Bitmain Losses $500 Million in IPO Filing Now, just a day after, the world’s largest maker of crypto mining equipment has reportedly made a loss of $0.5 billion in quarter 3 of 2018, reported CoinDesk. Citing a source, who saw the filing, during the first nine months of 2018, the company made a revenue of $3 billion while Quarter 3 saw only $200 million. The Beijing-based company that filed for an Initial Public Offer (IPO) in September last year recently provided its financial results update to the Hong Kong Stock Exchange (HKEx). However, according to HKEx rules, “the latest financial period reported on by the reporting accountants for a new applicant must not have ended more than six months from the date of the listing document.” Bitmain is currently going through a rough patch as there had been news of office closures and staff layoffs due to the slump in cryptocurrency prices as its main businesses are manufacturing the mining equipment and operating the mining pools. The post Bitmain’s Game Plan: Rushes in Bitcoin Mining Chip Just a Day Before Reporting $500 Million Loss in IPO appeared first on Coingape.

15 hours ago

Being listed as a game changer in #highered has been a highl...

Being listed as a game changer in #highered has been a highlight in #ODEM’s journey making #education affordable, a… https://t.co/Ji4kUJv12F

18 hours ago

EOS / USD Technical Analysis: Preparing For The Test

EOS is bullish in the short-term with the pair showing multiple buy signals The medium-term outlook is currently neutral with price approaching a major technical test Technical indicators across the short-term are starting to look overstretched EOS / USD Short-term price analysis In the short-term, EOS is bullish with the four-hour time frame showing a major technical breakout underway. The four-hour time frame currently shows price trading above the neckline of a large inverted head and shoulders pattern, we can also see that the EOS / USD pair has broken out from a neutral triangle pattern and a broadening wedge pattern on the same time frame. Some caution is advised, as technical indicators on the four-hour time frame are starting to appear overstretched. EOS / USD H4 Chart (Source: TradingView) Pattern Watch The bullish inverted head and shoulders pattern should be the key driver for further gains in the EOS / USD pair over the short-term. MACD The MACD indicator is bullish, although the histogram shows signs that the indicator is becoming overstretched. Relative Strength Index The RSI indicator has now reached overbought conditions on the four-hour time frame. EOS / USD Medium-term price analysis EOS is neutral in the medium-term, with the cryptocurrency shifting its bearish bias by moving to a fresh 2019 trading high. The EOS / USD pair is approaching the neckline of a large head and shoulders pattern that price has been trading under since November last year. Similarly, the pair is also approaching its 200-day moving average, which the cryptocurrency has been trading below since June last year. If bulls can break above the dual resistance area on the daily time frame, the EOS / USD will start to turn bullish over the medium-term. EOS / USD H4 Chart (Source: TradingView) Pattern Watch Traders should watch for a sustained break above the head and shoulders pattern on the daily time frame as it may be a game changer for the EOS / USD pair over the medium-term. MACD The MACD indicator on the daily time frame has turned bullish and shows scope for further upside in the EOS / USD pair on the mentioned time frame. Relative Strength Index The Relative Strength Index has turned bullish on the daily time frame, although it is approaching overbought conditions. Conclusion The recent surge higher in the EOS pair has significantly shifted the cryptocurrencies technical outlook. The EOS / USD pair may start to break higher over the medium-term due to its improving technicals and the presence of a bullish inverted head and shoulders pattern. A minor pullback in the short-term may occur due to indicators on the four-hour time appearing overstretched. [{"date":1518991451000,"value":9.64971,"volume":356062000},{"date":1519077851000,"value":9.66646,"volume":237100000},{"date":1519164251000,"value":9.63511,"volume":280772000},{"date":1519251252000,"value":8.54958,"volume":316581000},{"date":1519338251000,"value":8.19243,"volume":304140000},{"date":1519426751000,"value":8.55178,"volume":286109000},{"date":1519513153000,"value":8.15205,"volume":241616000},{"date":1519599551000,"value":7.9944,"volume":173540000},{"date":1519685952000,"value":8.21578,"volume":251849000},{"date":1519772352000,"value":8.67677,"volume":331694000},{"date":1519859351000,"value":8.52077,"volume":379436000},{"date":1519945752000,"value":8.51674,"volume":215728000},{"date":1520032451000,"value":8.13124,"volume":216414000},{"date":1520118851000,"value":8.00052,"volume":143229000},{"date":1520205250000,"value":8.09588,"volume":181022000},{"date":1520294051000,"value":8.04634,"volume":184043000},{"date":1520380451000,"value":7.25271,"volume":232491000},{"date":1520466851000,"value":6.52062,"volume":424480000},{"date":1520553251000,"value":6.22002,"volume":300592000},{"date":1520639651000,"value":6.18651,"volume":428986000},{"date":1520726051000,"value":5.85573,"volume":312294000},{"date":1520812450000,"value":6.12865,"volume":273074000},{"date":1520898851000,"value":5.83766,"volume":206810000},{"date":1520985251000,"value":5.87149,"volume":199418000},{"date":1521071651000,"value":5.32878,"volume":210230000},{"date":1521158051000,"value":5.17503,"volume":293397000},{"date":1521244450000,"value":5.09084,"volume":184948000},{"date":1521330851000,"value":4.66975,"volume":140745000},{"date":1521417251000,"value":4.65102,"volume":332952000},{"date":1521503565000,"value":6.02859,"volume":613514000},{"date":1521589751000,"value":5.94402,"volume":678567000},{"date":1521676151000,"value":6.96341,"volume":758759000},{"date":1521762551000,"value":6.97303,"volume":1057340000},{"date":1521849250000,"value":6.96966,"volume":840886000},{"date":1521935651000,"value":6.67304,"volume":360315000},{"date":1522022051000,"value":6.52924,"volume":277116000},{"date":1522107851000,"value":5.91344,"volume":552715000},{"date":1522192451000,"value":6.17165,"vol

19 hours ago

Blockchain Cuties CEO Vladimir Tomko on Integrating TRON and the State of Blockchain Gaming

Last December, it was revealed that blockchain-based collectibles game Blockchain Cuties was planning to integrate the TRON (TRX) network, sparking further interest in the game that already supported Ethereum (ETH) and EOS (EOS). The move made sense, as TRON recently revealed a massive $100 million blockchain gaming development fund designed to spur game development on the TRON network. Since that time,

21 hours ago

Blockchain Cuties CEO Vladimir Tomko on Integrating TRON (TRX) and the State of Blockchain Gaming

Last December, it was revealed that blockchain-based collectibles game Blockchain Cuties was planning to integrate the TRON (TRX) network, sparking further interest in the game that already supported Ethereum (ETH) and EOS (EOS). The move made sense, as TRON recently revealed a massive $100 million blockchain gaming development fund designed to spur game development on the TRON network. Since that time,

21 hours ago

Why Bitcoin needs cash (and is not a byproduct of the cashless society)

The beauty of Bitcoin is best reflected in the lack of a canonical narrative that everyone must believe and profess. People coming from all sorts of backgrounds can find different uses and meanings for Satoshi’s invention, and the idea of money that isn’t issued by a central government (and also cannot be confiscated or censored) should be appealing to individuals regardless of their values and ideological beliefs. Nevertheless, this article aims to make a rather controversial point about Bitcoin: in order for it to exist and prove its virtues, it constantly needs an arch nemesis which has the exact opposite features - and this nemesis is best embodied by inflationary governmental money. Also, an argument against the dream of living in a cashless society is to be presented. The main criticism of this concept is that its features are Orwellian in terms of removing privacy and eliminating surveillance. Furthermore, if fungibility and privacy are to be removed from all monetary transactions, then we might as well surrender our liberties to the arbitrary chains of Big Brother (or else start a new revolution). At this point in its development, Bitcoin is neither ready to handle all of the world’s economic activities, and nor is it fungible or private. Also, given its fundamental cypherpunk origins, we should regard BTC as a hedge against abusive governments and a way to protect private property worldwide, rather than as a quick way to settle payments. Early bitcoiners who got in for the low fees and instant transaction insertion into the following blocks may disagree and point out to the title of the whitepaper (a peer to peer electronic cash system), but there is really poor scalability in that model of decentralization is deemed as the fundamental value. Why Bitcoin needs cash to exist Right now, the most private and convenient Bitcoin transactions are made via cash exchanges in person. Meeting with someone face to face in order to exchange $3900 (the approximate price of one BTC at press time) for one piece of unconfiscatable and uncensorable digital gold is an ideal scenario where greedy third parties are eliminated. Certainly, this kind of exchange requires trust in the other person and should ideally be made in a public place to avoid inconveniences. Conversely, this approach removes KYC data-hungry entities and fee-collecting intermediaries from the equation - which is a benefit in itself. If you also use wallets like Samourai or Wasabi, then you also get an increased layer of on-chain privacy that will obfuscate your transaction and make it hard to find out to whom you are sending your coins. Cash (defined as paper or plastic money that you keep in your wallet) is still more useful in day to day transactions because it’s fungible and private: nobody will care that your $10 bill once belonged to Brad Pitt, and this piece of trivia won’t increase its value on the market; likewise, you can make purchases without letting anyone know what your full name is and where you live (something which online purchases have taken away from us). Furthermore, there are millions of shops and merchants that still have trouble accepting credit cards and would rather take the folded bills in your pocket. If you go shopping in the countryside, lesser developed regions, or even small farmer’s markets, you shouldn’t expect to find quick internet connections and people who are aware of the qualities of sound money. This is where cash comes in handy, and this is something that most likely won’t change in our lifetime. Now let’s scrutinize the arch nemesis argument (that deals more with the “fiat” side of the debate, which also includes cash): in order for Bitcoin to prove its usefulness and advantages over government-issued money, then fiat needs to continue to exist and be managed by short-sighted man-made law. At this point, Satoshi’s invention is still young and has yet to demonstrate its capability to withstand attacks (both social and hash-related) while providing a predictable and stable monetary policy. The fact that various actors in the Bitcoin space demand for an increase of the supply, removal of the halving moments, or even a radical change of the game theory via block size reduction is proof that we aren’t witnessing full maturity and people have yet to agree on the long-term model. Inevitably, we will constantly compare Bitcoin with a relevant fiat currency (such as the US dollar and the euro) in order to determine performance over time and the extent to which the king of cryptocurrencies lives up to the expectations. Since Satoshi launched his invention as a response to the global financial crisis of 2008 and 2009, it’s going to be interesting to see if BTC truly flourishes in the economic environment that it was created to counter. The next recession (or even depression) is the true global test for Bitcoin, as both the technology and its advocates become scrutinized by the financial decisions of billions of disill

21 hours ago

A New Generation of Crypto-Exchange: ALL IN ONE Crypto-Exchange

The TradePlace team is aiming to build the biggest and best cryptocurrency exchange possible. Having analyzed the most popular exchanges and surveyed the trading community, they have discovered what people really want in an exchange and how today’s most popular ones fall short in many areas. TradePlace will be much more than just a place where users can swap one blockchain asset for another. Their vision is to create a platform that will provide all the features a trader would ever need and then some! The team has heard the cries of traders who are struggling and even leaving the cryptocurrency space altogether because an exchange let them down, and they are here to answer the call to action. No longer will exchanges serve their own interests, and from now on TradePlace will move other exchanges to shame. Their first and only mission will be to serve the community, not their own pockets, in everything they do. The TradePlace team envisions a future where exchanges are multi-featured and expansive platforms serving each user, no matter how much or how little their contribution to the platform is. TradePlace invites traders to come and visualize a community of traders all working together to help each other become better and more productive traders. Even those who aren’t active traders will be able to participate and share their knowledge with others. TradePlace will be the place for people to come together and perform cryptocurrency-related activities without the fear of losing their funds, but instead with the feeling of being part of a movement, an innovative new frontier, the bleeding-edge of the latest financial technology. TradePlace Exchange will offer a lot of free and groundbreaking new services to our community. We offer a free analysis service in which a great team of experts helps us find the best trends in the market and provide us with the best analysis of the highest volume pairs. We will have one of the fastest exchanges ever. TradePlace will have a great forum for all of the community, an innovative and powerful token, a vote to add new tokens to the exchange, scam coins and tokens warnings and so much more. TradePlace will simplify the way you withdraw funds and will allow its community to get verified and regulated quickly and efficiently. Each user will then be able to receive a MasterCard to withdraw their Bitcoin or Ethereum easily and quickly from anywhere in the world. Roadmap 2018 - 2020 Below is TradePlace’s roadmap, which is their future large-scale game plan to revolutionize the exchange industry. The things that can be seen here are subject to change, but this timeline can be used to see how meticulously planned out the best exchange ever is. 1st and 2nd Quarter 2018: - TradePlace began searching for answers to the issues of today’s exchanges, and then the initial team met up and started formulating a plan to overcome them. 3rd Quarter 2018: - TradePlace is creating the initial rough design plan of the exchange without any of their partners. This is the first step in the creation of the exchange itself. In the last part of this phase, the relationships with marketing, design and development partners will begin. 4th Quarter 2018: At this time, the team will start their intensive marketing campaign to get people excited about the platform. Then, once they’ve received enough attention, they’ll kick off the Pre-ITO (Initial Token Offering) and then the rest of the four ITO stages will follow. 1st Quarter 2019: - Now the ITO will be over and TradePlace will have received enough funds to start active development of the exchange. They’ll be creating an easy-to-use KYC system and distribute the XTP tokens sold during the ITO while. 2nd Quarter 2019: - The awesome community forum will be set up alongside the live news sharing service. The analysis service will begin at this time, with experts publishing their first analyses. A listing on CoinMarketCap will also be sought during this time. Competition and voting for the adding of new coins or tokens to the exchange will also begin, together with two new exchange partnerships. 3rd Quarter 2019: - Here the first steps to be regulated by the SEC and/or the CTFC will be taken. TradePlace will transform into an auditable exchange to comply with all required legislation and regulations. 4th Quarter 2019: - All users verified through KYC will be able to receive a MasterCard to spend their funds all across the world. TradePlace will also be taking the first steps to create its own blockchain. 1st Quarter 2020: - The migration of the EXTP token from the Ethereum blockchain to TradePlace’s own blockchain will begin at this time. They will also be forming new relationships with more exchanges so that their token will be listed almost everywhere. From this point onwards TradePlace will continue to develop new technology and strive to innovate the best exchange and blockchain in the world. TradePlace is the ultimate all-in-one exchange platform. At Tra

a day ago

3 Viable Use Cases for Blockchain Technology

Despite being the prime buzzword of the 2010s, blockchain retains its mysterious status. Most of the non-technical folks associate the technology with cryptocurrencies, being unaware of its actual application range. In fact, blockchain is meant to change the way we are doing business, and today we will discuss its three viable use cases you probably have not heard of before. Crowdfunding If you work in digital, we bet you have ever thought about starting your own business. But without having sufficient budget for running it, this idea remains merely a dream. Luckily, now all aspiring entrepreneurs have more chances for funding than ever before. And blockchain is one of the reasons for that. One may say that Initial Coin Offering (ICO) might be your choice when it comes to fast and effective fundraising. Yet, it is not as accessible as you may deem. The ICO launch costs somewhere in-between $100,000 and $500,000. For example, you need to spend $10,000 — $20,000 just to make your own small business website, let alone marketing, security, and legal expenses. In case you do not have an extra $100,000, blockchain crowdfunding comes to the rescue. Platforms like WeiFund are based on the same principle as Kickstarter or IndieGoGo, but all the startups receive funding in Ethereum instead of conventional currency. Source: Stella Aldridge The project also utilizes smart contracts to prevent funds from being released to projects that do not meet the platform’s requirements. Service fees are going to be much lower as well since all transactions are implemented on a peer-to-peer basis. Artist Empowerment Blockchain was officially introduced as a game-changer during Basel ArtTech + Blockchain ConnectArt conference that was part of Art Basel 2018. The technology is intended to solve the number of existing issues such as ownership and copyright, distribution, and art project funding. Artists already have an opportunity to tokenize their creations on platforms like Verisart. This service allows protecting art pieces with blockchain-based certificates and binding them to detailed provenance records. These provenance records can’t be forged nor changed without a reason, as they work similarly to smart contracts. The new record is made automatically only after the required action is completed. Source: Stella Aldridge Other ways to apply blockchain in the art are decentralized auctions, art galleries, and museums. For example, Wunder is the first-of-a-kind museum of digital art entirely built on the blockchain. Source: Stella Aldridge Virtual Items Trading The video gaming industry is on the rise and generates over $100B of annual revenue. According to ICO Watchlist, gaming ICOs are among the most profitable and gathered a whopping $120M together. But ICOs is not the only viable use case of blockchain in gaming. Much more interesting is the possibility to turn in-game items into secure tradable assets. We already sell stuff on Steam for real money but the withdrawal of the money is still off-limits. Source: Stella Aldridge The alternative way to monetize the video or mobile game is to integrate it with blockchain-based marketplaces such as WAX. Here, players can trade their virtual items just like they could trade stocks or crypto. The only difference: they are doing it in a playful way, concurrently enjoying their favorite games. Is Blockchain the Future of Business? If you take a look at the fastest evolving companies like Facebook, AirBnb, or Uber, you can see one common thing: they all strive to decentralization, encouraging peer-to-peer interactions and relying on automated support services. Even though most businesses remain centralized by their structure, the tendency to decentralize processes is gaining momentum. Decentralization seems to be a model of tomorrow’s economy, and blockchain is the technology that may lie in its foundation. The post 3 Viable Use Cases for Blockchain Technology appeared first on AMBCrypto.

a day ago

Ripple’s XRP Reaches Monthly Highest - EOS Continues Above 20% Gain

Despite declining for ten days in a row the speedy XRP with Yesterday’s game changing performance that the crypto-market experienced reached a 30-days highest of $0.3351. On Feb 9th when the pair XRP/USD could not overcome the major $0.3120 the bears had their saying and tanked the coins price downwards to the important support of $0.3000. However, with clearing above and being dragged by the overall positive market sentiment that digital currencies are going through right now, it is rocketing right now. Source: coinmarketcap As the digital assets closed in to important levels [e.g. - Bitcoin BTC/USD $4,000 or ETH/USD $150.00] the price upward movement slowed down a little bit but still it is looking like the pair XRP/USD will take a test to close above $0.3400 which could grant a path to $0.3440 and $0.3500 resistance levels. While the outstanding-leading bull-run for EOS initiated by the second largest coin by market capitalization Ethereum [ETH] has no real explanation behind as to why EOS increased 30% only in a day against the US Dollar and additionally now it is standing at 21.48% increase [19/02/2019] it is one of the happiest days for the last couple of month for EOS HODlers. GalaxyBTC [twitter handle] - well known crypto analyst has highlighted the altcoin market cap, total crypto market cap minus BTC, as it has closed-in to a pivotal overhead resistance and a breakthrough could change refresh positively how things are going in the market. If we manage to push trough this, its ON. #altmarketcap pic.twitter.com/aIl01WvlJ8 — Galaxy (@galaxybtc) February 18, 2019 Read Also: Markets Hit Six Week High as Altcoin Rally Adds Another $10 Billion The post Ripple’s XRP Reaches Monthly Highest - EOS Continues Above 20% Gain appeared first on Ethereum World News.

a day ago

Earn FREE Bitcoin Cash (BCH) With the New Mobile App From Bitcoin Aliens

Released now on Android and coming soon on iOS, download the new Free Bitcoin Cash game from Bitcoin Aliens.... The post Earn FREE Bitcoin Cash (BCH) With the New Mobile App From Bitcoin Aliens appeared first on Invest In Blockchain.

a day ago

Video Games Are the Next Level of Blockchain and Crypto

Video games are a nearly $43 billion industry, according to a recent press release from the Entertainment Software Association and The NPD Group. These digital games and the consoles that play them are now an integral part of our culture, but it almost wasn’t this way. In 1983, the video game industry hit a recession, known in some parts of the world as “Atari Shock.” It was not unlike 2018, for cryptocurrency. Atari’s success in the home video game console market spurred a flood of competition, including ColecoVision and Intellivision, all competing with the birth of personal computers like the Commodore 64 and Macintosh. Sales plummeted as hardware and software developers battled over control of publishing rights and other income streams. It ended with the iconic images of E.T. and other Atari game cartridges being buried in a New Mexico landfill. Not only does cryptocurrency mimic the video game industry, but we’ve long discussed how intertwined the two truly are. In fact, we’re seeing the lines between the in-game currencies and cryptocurrencies blur more and more as we move into 2020. And the ties run much deeper than our GPUs, where gaming and crypto mining push mathematical limits alongside video editors, VR developers, and other high throughput technologies. In fact, Planet Digital Partners, a video game publisher run by former execs from Take 2/Rockstar and Sony’s Playstation division, is funded by an STO. This puts it on the cutting edge of both gaming and blockchain, but it’s far from the only company making these kind of moves this year. Both blockchain and cryptocurrency are already making moves into video games and esports, and it’s time we shined a light on the most popular consumer use case of blockchain technology to date (according to DappRadar) - video games. We’ll start with the company that carried the gaming industry on its shoulders back in 1983. Sometimes Heroes Wear Capes Despite the home console market being flooded and investors (especially in North America) abandoning video games, one company proved it could still be profitable. From 1983 through 1987, a small, 8-bit computer console called the Nintendo Entertainment System (Famicom in Japan) gained worldwide popularity. Insanely playable games exclusively owned by Nintendo gave it a competitive advantage. People fell in love with the mechanics of games like Mario and Zelda, which each took different paths to victory. Super Mario Bros had timed levels, points, coins, and lives, giving replay value through high scores. Legend of Zelda was a linear story that encouraged exploration and staying alive as long as possible. The Mario brothers became mascots for the industry, and Nintendo still holds approximately 9 percent of the global video game market. Many of the mechanics of these games (and others) are still integrated into modern games. As consumers, we’re all used to earning in-game currencies to spend on in-game purchases. The lines between physical and digital cash were long blurred in the video game industry. And for too long, we accepted the one-way limitations. You can spend as much time and money as you want collecting Mario coins, but they’ll never be transferable for cash. Of course, any authentic Nintendo-licensed product is almost guaranteed to retain value over time. Some Nintendo games sell for tens of thousands of dollars. But the in-game currencies rarely transfer outside the game, and they never transfer outside the developer’s ecosystem. Cryptocurrency companies have been lining up at the industry’s gates to make that connection happen. Unikoin Gold (UKG), Loot, UltiCoin (ULTI) and GameCredits are among the platforms trying to negotiate with big developers like Blizzard, Nintendo, and EA. They want to integrate their cryptocurrencies into existing games to let gamers cash out. While ambitious, it’s unlikely any of these companies will be the next Mario that carries both crypto and gaming on their shoulders. While the promise of cross-platform currencies sounds great, we barely got cross-platform play in 2019. The idea that developers will let one of these startups profit from their work is a pipe dream. What’s more likely is the existing developers will simply funnel their in-game currencies into the Playstation, Xbox, Nintendo, Steam, Android, and iOS marketplaces. Think of it like store credit with points being roughly equal in value to Best Buy Reward points. Developers want you playing their game more - not earning cash. But that doesn’t mean a secondary economy based on eSports and social gaming won’t be built. And that’s just one aspect of how crypto is impacting video games. There’s also the underlying blockchain. Chaining Together a Winning Combo There are a lot of moving parts in gaming. Have you ever sat down and counted how many names are in the end credits of your favorite video game? Industry analysts estimate the video game industry supports over 220,000 jobs. And the people working at these job

2 days ago

PR: BuySellHODL Launches First Of Its Kind Cryptocurrency Ratings & Price Targets

Bitcoin Press Release: BuySellHODL launches one of the worlds first cryptocurrency ratings and price targets feature. The application is available for download on both Android and Apple devices. Febuary 14th, 2019, New York - Newly launched cryptocurrency app BuySellHODL has announced the launch of its proprietary crypto ratings and price target feature, with Bitcoin as the initial coin rating launch. The rating feature is currently free and the first of its kind in the crypto space. It gives users real-time ratings and price target data that is entirely quantitative, creating an invaluable analysis tool for beginners and experts alike. Bitcoin Rating & Price Target Bitcoin has earned a “Buy” rating with a 12-month price target of $6,662.29. The ratings distribution breaks down as follows: 60% Buy, 22% HODL, and 19%Sell. The app regularly queries its users for their opinions on the overall state of the market, Bitcoin, and the value associated with other top cryptocurrencies. This data is accounted for as part of a proprietary formula that is then used to generate the ratings and price targets. This information is published and updated hourly on the BuySellHODL website as well as the Ratings tab on our Android and iPhone apps. Unique Aspects of the BuySellHODL Crypto Ratings: Real-Time Data - Price targets are updated by the minute. Ratings are updated daily. Quantitative Information - A proprietary formula that generates ratings and targets. Sentiment Analysis - Easy to see Bitcoin trends and critical shifts in community opinion. Universal Availability - Access crypto ratings on the website and our Android and iPhone apps. BuySellHODL (@BuySellHODLApp) Founder Clifford Lerner stated, “There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind crypto-currency content. By querying our community of users, we’re able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends.” Founder Clifford Lerner continues, “Furthermore, our unique methods of generating the coin ratings and price targets enables us to provide differentiated data and analysis regarding the sentiment trends for each coin and the overall cryptocurrency market. We will be publishing the historical data for the top cryptocurrencies and overall market, making the BuySellHODL data a must-have tool for all crypto followers. In terms of the data, enthusiasts remain optimistic despite the current bear-market. More than half of the users (53%) currently say to “Buy,” cryptocurrencies, compared to 21% saying “HODL” and only 26% saying “Sell,” and it will be interesting to see how this trends over time.” How Do the Crypto Ratings and Price Targets Work? BuySellHODL app users are asked to create a “Crypto Bio,”, which includes several questions related to the overall cryptocurrency market and their predictions for specific coins. This data is then used as part of a proprietary formula to generate the ratings and price targets for each coin. Specifically, the Bitcoin price target formula incorporates several factors including: The distribution of the Bitcoin Buy, Sell, and HODL ratings. The distribution of all cryptocurrency ratings. The bitcoin price prediction survey data. Our price targets are updated in real-time and available on the BuySellHODLapp.com website and our Android and iPhone apps, with weekly analysis posted to our Crypto News. In order to keep the data fresh, the formulas only incorporate recently updated data. Robust Feature Roadmap There are several exciting features in development to enhance our ratings feature including: Additional Coin Rating Launches: Over the upcoming weeks, BuySellHODL will launch additional ratings and price targets for the top cryptocurrencies by market cap including: Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Bitcoin Cash (BCH), Zcash (ZEC), TRON (TRX), Binance Coin (BNB), Stellar (XLM), and Ethereum Classic (ETC). Expert Cryptocurrency Analysis: BuySellHODL will be launching an “Experts” section with ratings and price target data exclusively from crypto thought-leaders. Experts can inquire here. Geographic Ratings Analysis: BuySellHODL will offer the ability to view and compare the ratings and price target predictions for several of the top crypto locations including: USA, Japan, Brazil, United Kingdom, Switzerland, Australia, Canada, China, Argentina, Estonia, and Hong Kong, Taiwan, Singapore, South Korea, and Indonesia. Visit the BuySellHODL Official Site - https://buysellhodlapp.com Chat on Telegram - https://t.me/buysellhodl Follow on Twitter - https://twitter.com/buysellhodlapp Like on Facebook - https://www.facebook.com/groups/buysellhodl Media Contact Details Contact Name: Clifford Lerner Contact Email: con

2 days ago

Malta AI & Blockchain Summit Handing Out 100 Free Booths to Startups

CoinSpeaker Malta AI & Blockchain Summit Handing Out 100 Free Booths to Startups The first edition of the Malta AI & Blockchain Summit in November 2018 turned out to be a monumental success - no less than 8500 people attended the event. This year, the same team is throwing a massive show in May. To support the virulent startup scene, the organisers are now handing out 100 free booths. The Malta AI & Blockchain Summit (AIBC) has announced a stellar show for 2019. The highly anticipated show is expected to follow the monumental success of the November summit in 2018, which brought W. Scott Stornetta, John McAfee, the Winklevoss Twins and Sophia the Robot to Malta’s shores and took the scene by storm even in times of a burdensome bear market. In support of the startup scene within AI, the AIBC is now releasing no less than 100 free booths to the most disruptive startups for its May edition of the summit. Startups applying in the fierce competition for participation can benefit from a free one-by-one metre booth, free passes to the summit and networking events, print and online media opportunities, and free consultancy and potential leads from industry veterans. Last but not least, ten out of the 100 successful applicants will also be selected for a free Startup Pitch on stage in front of the investors. The unexpected success of last year’s show has turned the organisers’ eyes towards expansion. For the show in May 2019, they have chosen the Hilton as the conference venue. This also enables the Malta AI & Blockchain Summit to host a first class expo floor suitable for a truly global crowd of exhibitors. The Startup Village of the November summit in 2018 saw no less than 40 startups from all across the globe gathering in Malta. Due to the overwhelming amount of applicants last year, the AIBC is eager to up the game for May 2019 by increasing the free slots to 100 startups. Eman Pulis, Founder of the Malta AI & Blockchain Summit, says: “We had an overwhelming feedback from all the disruptive startups that we welcomed to claim their free booth last year. However, as we had so many interesting and promising projects that we could not accommodate in the fierce competition of the available space that we had, we are happy to increase to one hundred free booths this year to boost innovation and facilitate connections between startups and investors so that this sector can flourish. We believe strongly that business is not done between companies, it is done between people.” The speaker line up for May is far from filled but already feature top names within the industry such as Roger Ver, Tim Draper, Ben Goertzel of SingularityNET along with Sophia the Robot. The Maltese Prime Minister Joseph Muscat and Junior Minister for Financial Services, Digital Economy and Innovation, Silvio Schembri, will also speak at the event. With the quality recorded in 2018, attendees can put their expectations high for the second edition of the Malta AI & Blockchain Summit. This spring edition of the summit includes a lavish VIP dinner, networking drinks in the midst of the warm Mediterranean spring, a Startup Pitch, an STO Battle and two conferences spanning over the 23rd-24th of May but delegates are advised to block their calendars for 22nd-25th due to all extra events that the AIBC has in the pipeline. The Malta AI & Blockchain Summit is a landmark event that nobody in the field can afford to miss. Startups apply here: https://bit.ly/2tnAxFU Info: www.maltablockchainsummit.com Malta AI & Blockchain Summit Handing Out 100 Free Booths to Startups

2 days ago

Money 2.0 Stuff: Change my mind

On memes and incentives I had hoped that I would never reach a stage in my life where I would be writing about memes and Twitter battles, but then Parity’s Afri Schoedon tweeted a meme comparing Polkadot to Ethereum’s Serenity, several people expressed their displeasure in their own tweets, and, sigh, here we are. Parity develops Ethereum’s second most popular client, aptly named Parity, while also working on Polkadot, an interoperable, multi-chain network. Broadly speaking, the two platforms are competitors, and so Schoedon’s meme had many mumbling about conflicts of interest and incentives and resignations and Judas. Call me old fashioned, but the calls for Schoedon’s resignation and the comparisons to the man that some people believe betrayed the son of God seem slightly overblown. In fact, it would probably make sense for there to be some kind of international law in place that prevents people from overlooking a pretty crucial and committed core developer’s work due to an ill-formatted meme, or two, or three. And then there’s the simple reality that if Schoedon’s meme holds as much weight as many Judas-cryers would have you believe we should probably just give up now, for a public, censorship resistant blockchain that can have its fate shaped by a lone memer will likely fare poorly in the wild. Additionally, we should probably just give up and go home if we reach a point where dissenting voices are no longer welcome. Constructive feedback is...constructive, and Ethereum has far more to gain from keeping critics inside the camp than out. Thankfully, that’s not quite how Ethereum’s development and governance processes work. And even if Afri were some kind of smart contract protocol version of the Manchurian Candidate, node operators can, you know, just switch clients. Nevertheless, when you look beyond the hyperbolic, there are a couple of discussion-worthy topics that emerge from this debacle. Have incentives been correctly aligned so that one project’s employee playing an important role in the maintenance and development of a competing project can be expected to fulfill their duties to the best of their abilities? If yes, then how can we illustrate incentive alignment? And if not, what can be done to remedy the situation? I don’t think there is a trivial answer to either question. Considering the rather complex nature of human beings, empirically proving, let alone constructing incentive alignment is really quite difficult — like winning the Nobel Prize in Economics-level difficult. However, as discussed last week, emphasizing greater levels of transparency through disclosures of investment is usually a good place to start. Now whether this needs to take the shape of Bob Summerwill’s ‘Ultimate Transparency’, in which he lists coin holdings to two decimal places, all employment and remuneration to date, and the charities he has donated to, is questionable. But some kind of percentage disclosure of holdings — e.g. my portfolio is 33 percent DOTS, 33 percent ETH, 33 percent DOGE — would be a step in the right direction. And lo and behold! While writing this piece, Hudson Jameson, Vitalik Buterin, Justin Drake, and several other core developers have gone ahead and done exactly that. Of course, adversarially inclined readers of this column will notice that any agent truly seeking to disrupt development can quite easily disclose their holdings falsely, to which I will simply reply “Zero Knowledge Range Proofs!” A second interesting phenomenon to emerge from this debacle is the way in which a majority of core developers have refrained from engaging. Those that have spoken up have, for the most part, pledged allegiance to the Afri and pleaded for restraint, but offered little in the form of addressing this broader question of incentive alignment. And so one might reasonably ask, when it comes to these types of situations, who gets to shape the conversation? Who gets to decide the worthiness of a discussion? Again, I think this comes down to a question of transparency. The ease in which conversations can slip into antagonistic free-for-alls on Twitter and Reddit suggest that they may not be suitable forums for deliberation, but that shouldn’t mean that mature, level-headed conversations can’t take place elsewhere. If, as I imagine, there truly is little to worry about, the parties involved — be that Afri, Parity, the Ethereum Foundation, core developers etc. — should embrace the opportunity to further elucidate and placate fears in a public manner. ‘Don’t feed the trolls’ is often touted as the game theory optimal strategy in these situations, and yet silence only exacerbates concerns, further stoking fear that there is something worth hiding, while simultaneously entrenching an uncomfortable power structure that implicitly deems certain voices more legitimate than others. That doesn’t bode particularly well for a permissionless, nonhierarchical project. The last, and perhaps most important question

2 days ago

Institutional investors should consider the crypto long game, financial consultancy says

Boston-based pension and endowment consulting firm Cambridge Associates believes institutional investors should turn their eyes to cryptocurrencies in spite of the risks, Bloomberg writes. As Cambridge Associates wrote in a research note, “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term.’’ Many consider cryptocurrency markets to be too volatile, choosing to stay away altogether; the crypto winter has done cryptocurrencies no favours, either. Nevertheless, with the total crypto market cap over $120 billion, it’s not going anywhere. Cambridge Associates recommends institutions learn about the industry and various ways of investing. Although still uncommon, as Bloomberg notes, institutional investment may give the cryptocurrency market greater credibility. “The dramatic declines that swept across the crypto space raised questions about the future of these assets and the blockchain technology that underpins them,’’ Cambridge Associates said. “Yet, in looking across the investment landscape, we see an industry that is developing, not faltering.’’ The post Institutional investors should consider the crypto long game, financial consultancy says appeared first on The Block.

2 days ago

Op Ed: How Bitcoin’s Protocol of Peace Can End the Nuclear Age

Since it came to life in early 2009, Bitcoin has begun disrupting the world of finance. Over the years, this decentralized digital currency came to mean different things for different people. For some, it presented opportunities for prosperity, becoming the best performing asset in their portfolio. For others, this peer-to-peer cash for the internet represents a non-confiscatable digital gold that could enable financial sovereignty. For those who are concerned about civil liberty, Bitcoin’s censorship resistance and permissionlessness define it as free speech money. “Yellow Vest” protesters occupying in the streets of Paris found allies in this rebel crypto that promises to end the tyranny of central banks.As Bitcoin reached its 10-year anniversary last month, this breakthrough of computer science now further reveals its value proposition. Perhaps the fundamental ethos of this technology is hidden in the mystery surrounding the identity of its creator, the pseudonymous Satoshi Nakamoto. The genesis of Bitcoin is rooted in anonymity.Behind the mask of this Japanese character, a deeper vision of Bitcoin is found in the story of Japan, the first and only nation to experience the horror of nuclear weapons. The devastation that this country went through at the end of the World War II teaches us consequences of war and calls for people to come together for peace. This commitment to peace is embodied in Japan’s pacifist constitution, with its notable Article 9 clause that renounces war as a means to solve conflicts.In our contemporary post-Cold War world, this enshrinement of peace has shown itself to be vulnerable to international and domestic pressures to destroy it. In recent years, as North Korea’s repeated missile tests threaten stability in the Pacific region, there has been a push toward Japan’s remilitarization.Now, from the internet, Satoshi, a representative cultural survivor of atomic bombs, brings to humanity a means to secure this peace, opening a new path for us to never repeat the tragedy of the past.Monopoly of ViolenceThe weakness of the Japanese peace constitution is found in its foundation. Article 9 of Japan’s renunciation of the sovereign right of war is part of the constitution that was imposed by General MacArthur after the United States defeated Japan’s imperialism in 1945. The integrity of this model of governance called “democracy” that Japan adopted after its surrender relies on the U.S.-Japan security alliance that placed Japan under the umbrella of U.S. protection.The security and stability of this system is backed by a monopoly of violence. Its nucleus was developed during WWII by physicists working on the Manhattan Project and by the establishment of a large, armed industry that has now morphed into the military industrial complex.With creation of nuclear weapons, humanity tried to outdo the force of nature, unleashing power that could bring total annihilation of life on the planet. Around this elusive power, those who are driven by an urge for domination have created a network of security to protect their private interests. The global security state has established a secret law that violates our fundamental right to life: the right not to be vaporized or eradicated by warfare.By using the threat of weapons of mass destruction, transnational corporations engage in conquest of territory. They control world resources, with central banks printing money out of thin air and weaponizing large financial institutions like the International Monetary Fund and the World Bank. The superpower state has caused the entire world to fear an uncontrolled fission chain reaction in order to keep all nations under the thumb of its military command, imposing petrodollar hegemony. Armies of economists, legislators and regulators apply pressure to maintain monopoly of the market, putting sanctions, trade embargoes and blockades against those who challenge the legitimacy of the corporate state.Cryptographic ProofNow, in this digital age, man’s subversion of nature has come online, forming patronage networks that act like one giant computer. The internet has been effectively militarized with the penetration of intelligence agencies and the CIA cyber weapon, along with giant tech companies engaging in censorship. This occupation of cyberspace is maintained by private paying processing companies like Visa, PayPal and Mastercard controlling the flow of money, freezing assets and restricting transactions.Bitcoin offers an alternative to this universal security system backed by men with guns. It creates a new model of security based on cryptographic proof that can resist unlimited applications of violence, making a bulletproof network.Bitcoin is free software where users control the programs. Everyone can read, study and participate in the development of its code. Bitcoin is developed and stewarded by a group of cypherpunks. They are a new wave of scientists who take up moral obligations to shift the balance of

2 days ago

Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals

Bitcoin (BTC) may be struggling price-wise, but an array of analysts claim that from a fundamental perspective, the cryptocurrency is stronger than ever. And while headlines have focused on impending institutional involvement, whether it be through Bakkt, Fidelity, ErisX, or otherwise, little attention has been drawn to Bitcoin’s network statistics. Interestingly, however, the latter set of fundamentals is where the meat is, so to speak. Bitcoin Mining Ecosystem Leading crypto trader Thrillmex, who also goes by Rampage, recently took to Twitter to issue a breakdown of Bitcoin’s pertinent network statistics, and what they indicate. The analyst noted that per Blockchain.com data, miners’ aggregate revenues, determined through the dollar cost per Bitcoin transaction (currently at $18), are reaching two-year lows. Moreover, the transaction fee facet of mining revenues has reached a five-year low, with Thrillmex even dubbing this chart “brutal.” Bitcoin miners revenue is hitting a near 2 year low. This also means that it's becoming super cheap to transact on the network again. Anyone remember the ridiculous fee's and long wait times to transact in late 2017? Thread /1 pic.twitter.com/XzKhex5kHq — 𝓡𝓪𝓶𝓹𝓪𝓰𝓮 (@Thrillmex) February 17, 2019 In spite of this, however, the average daily transaction count on Bitcoin is nearing December 2017’s all-time highs, when BTC entered a “full-on parabola” stage. The number of Bitcoin wallets made on Blockchain.com has also swelled, with there now being 33 million verified users. Hashrate, arguably the most important statistic, save for transaction count, has also grown drastically. Since bottoming in December at 31 million terahashes per second, this figure has begun to steadily climb to 47 million terahashes, with Thrillmex claiming this indicates that “previous miners are holding strong, as new hash power is entering the market.” The dichotomy between waning miner revenues and the near-consistent growth in hashrate led Thrillmex to deduce that money is still getting siphoned into this space. And as such, he determined that the underlying Bitcoin blockchain is likely stronger than ever, in spite of the tumult that BTC has undergone. From a more anecdotal perspective, Thrillmex explained that as miners have the “most skin in the game,” no one wants to see Bitcoin succeed more than they do. Therefore, said entities will do everything in their power to maintain profitability. But Thrillmex made sure to remain cautiously optimistic. Ending his thread, the analyst noted that capital continues to pour into this space to build out infrastructure, but “without a corresponding user base.” Yet, he added that this only accentuates that Bitcoin holds a great risk, but monumental upside potential — an “asymmetric risk/return profile” as Anthony Pompliano of Morgan Creek Digital would put it. Related Reading: Crypto Investor Urges Consumers to Accumulate Bitcoin Before Halving, Rally Expected? But, Filb Filb begged to differ. The analyst noted that the use of the aggregate value of transaction fees in this context is moot, as 99% of a miner’s revenue comes from block rewards, rather than the transaction market. Anyhow, the fact remains that the Bitcoin Network’s hashrate is trending higher, even as BTC continues to trade in a tight range under $4,000. Don’t Fret, Fundamentals Are Here Thrillmex’s recent comments come after Dan Held, a former product manager at Blockchain.com, remarked that in terms of bullish catalysts, Bitcoin is “as strong as ever,” Held, who founded Interchange, drew attention to the fact that despite the so-called “crypto winter,” Bitcoin is still seeing upwards of $1 billion in nominal transaction value each and every day. The long-time industry proponent added that the development of Bitcoin-centric scaling, privacy, and programmability protocols, like the Lightning Network, Taproot, and Rootstock, should have investors enthused. From a business-focused perspective, Held also noted that Bitcoin has garnered a stamp of approval from the Intercontinental Exchange, in the form of Bakkt, Fidelity Investments, among an array of other Wall Street mainstays. Lastly, he claimed that the fact government debts are continually establishing all-time highs day-over-day should have Bitcoin investors over the moon. For some context, MarketWatch recently reported that U.S. public debt surpassed $22 trillion. In response to this swelling statistic, the Peterson Foundation, an American financial services group that is focused on amending the nation’s economic issues, claimed that the fiscal situation is “not only unsustainable but accelerating.” While this isn’t an explicitly bullish catalyst for decentralized, digital money, some pundits have argued that Bitcoin provides an easy-to-use way out of the incumbent financial ecosystem. Travis Kling, the chief investment officer of Ikigai, recently quipped that Bitcoin is a perfect hedge against “fiscal and monetary policy irresponsibi

2 days ago

Bitcoin vs Gold - Which Is A Better Asset To Store Your Wealth?

Bitcoin is the most valuable cryptocurrency since its inception. Bitcoin’s reputation is due to the 2017 bearish run experienced in the crypto world where the market value hit an all-time high. To date, many still consider Bitcoin as a viable investment for any cryptocurrency lover. Before ruling Bitcoin as the best cryptocurrency investment, it is essential to see how it fairs against other assets in its category. In this case, Bitcoin can be compared to gold, the most precious metal. In this guide, you will get a comprehensive analysis of properties that make gold and Bitcoin strategic investments. Furthermore, we have coverage of similarities between the two assets and how they stand out from one another. Evolution of Gold Over the years, gold has managed to establish itself as the most valuable form of money in any part of the globe. From ancient Egypt, Gold was used as money to facilitate the exchange of goods and services. In short, gold is the ultimate hedge in financial terms. Gold derives its success from history alongside some outstanding properties. The asset is limited, divisible, hard to destruct and almost impossible to produce counterfeits. According to GoldPrice, the gold evolution had a few huge price drops - a similarity shared with Bitcoin. As we may observe, Gold touched the 21,733.90 USD per kilogram on February 1st 1980. Another high was obtained in the same year - when the price reached $21,766.06. But then a decline started and in June 8, 1982 - The gold price was just $10,481.14 USD per kilogram. In just two years, gold lost more than half of its value. The decrease continue until the 2000s. In 16th November 2001 - a kilogram of gold had a $8,825.38 USD price. But from there, it started to grow to the maximum value of $57,601.28 USD per kilogram, obtained in November 10th 2011. A huge value that probably only a few people were expecting. But since that value, the price decreased again. In 2015, 9th December - 1 kilogram of gold was $34,645.64. This means that from 2011 until 2015 - gold lost 40% of its value. Right now, a kilogram of gold have a $42,250.58 value. Even the most known precious gold had a a rough time. And unless you you purchased it more than 10 years ago - the profit is pretty small. Over the 6 months, the profit is set at 8.40%. But if we look at the yearly chart - purchasing gold a year ago would have results in a profit of 0.05%, on the current writing date of 10th February 2019. Over 5 years, there is a profit of 3.05% As you may see, gold can be pretty volatile too. In fact, it decreased from 44,123 USD per kg on 13th March 2014 to 33,784 USD per kg on 17th December 2015. And the price bounced back a few times, but failed to regain its current all time high. Of course, a smart trader that would buy the same amount of gold each month would have a good profit until now, but we’re not all that ‘smart’ nor have the financial opportunities to invest in Gold. So investing in Gold 5 years ago would have brought you a 3.05% profit. Which if we take into consideration the inflation rate per each currency - it means that you probably lost value over the time. On a shorter term however, an 8 -12% profit could have been obtained in a matter of months. Evolution of Bitcoin Compared to gold, Bitcoin came into existence a few years ago. It is the most important cryptocurrency that sets the tone for the market. Bitcoin traces its birth to the panic that hit the global economy back in 2008. The volatility led to the creation of Bitcoin that allows individuals to transact with each other, online, anywhere in a safe and anonymous environment. Bitcoin was created by an anonymous individual identified as Satoshi Nakamoto who stated that the cryptocurrency is a form of electronic cash that is peer to peer. According to Bitcoin’s whitepaper, payments involving the cryptocurrency do not have to go through any institution. Some of the outstanding Bitcoin features include: it is limited, divisible, counterfeit free and democratic. Same as gold, Bitcoin has a limited supply that at one moment will deplete. And only the ones that have a BTC or a fraction of it could decide whether they’d sell it or keep it. Bitcoin started being used as a way of payments in 2009. In fact, someone actually purchased 2 Pizzas from Papa John’s for 10,000 BTC. In October 5th - the first course towards exchange dollar was published : 1 USD for 1,309,03 BTC. The enthusiasts set the price according to how much electrical power would you need to mine 1 BTC. The Bitcoin History Begins In 2010, the price increased 10 times in ten days - from $0.008 USD to $0.08 USD per Bitcoin. On November 6th 2010, Bitcoin share capital reaches 1 million USD. The exchange rate was according to the mtGox one - $0.50 USD per BTC. 2011 was another great year for Bitcoin. It was a year when the first video about it - What is Bitcoin - went viral. This brought more people interested and on June 2nd 2011 - 1 BTC would cos

2 days ago

Razer to Shutter Its Game Store Amid Growing Competition

Razer, a Singapore-based gaming hardware maker, has announced that it will be closing down the Razer Game Store on February 28. According to the announcement, the move was part of a realignment in company plans, likely due to ever-increasing competition in the digital distribution space. “It has been a privilege for us to recommend and

2 days ago

TRON Dapp Weekly Report: TRX Token Holders Can Now Trade American and Hong Kong Stocks

Tron’s latest weekly Dapp report on Feb. 15 sheds light on how the blockchain protocol’s Dapp ecosystem is growing. By the end of the week, Tron had more than 164 Dapps with over 400 smart contracts. The number of decentralized exchanges (DEXs) has grown to 8. Overall, there are 6 collection games, 3 candy projects, and 40 tool Dapps. Tron’s Dapp Ecosystem Shows a Healthy Growth Trend The number of accounts on the Tron MainNet has grown to 1.77 million, and the 24-hour number of transactions stands at 1.4 million. Dapps contribute more than 67% of the 1.4 million 24-hour transaction number recorded. “Tron’s Dapp ecosystem continues with a strong growth momentum with transaction volume growing continuously,” reads part of the report. The report expects more quality and innovative Dapps to be developed, further expanding Tron’s ecosystem in the future. Perhaps one of the major highlights of the week is that Tron launched HOX, a token stock platform that allows TRX holders to trade stocks in the U.S. and Hong Kong. The report explains: “HOX platform will open for the first time a Tron customized feature for TRX holders to trade American and Hong Kong stocks with the TRX tokens they topped up on HOX.” This new feature makes it easy for TRX holders to buy quality stock assets without the usual hassles involved with stock trading. Users of the platform can quickly open an account and trade stocks 24/7. The platform takes security seriously and has already obtained the New Zealand Stock Exchange license which is held by first-tier brokers. The platform also uses SSL encryption technology for security and to gain users trust. Selected Dapps of the Week The first Dapp reviewed in the report is TronVegas, a gambling gaming platform credited for having the largest number of gambling games. The games found on the platform include Dice, Crash, Roulette, DigiX, DragonTiger, and Mines. Mines is considered to be a small game but with diverse and complex results. All the mentioned games are “PVE (Player versus environment) games of probability” but have unique gameplay and service fees. TronVegas is a mature gaming platform that employs a token dividend model, chat system, and referral rewards. The platform’s trading volume and daily active users (DAU) are ranked high on Tron’s Dapp list. TronVegas boasts of a peak trading volume of 600 million TRX. The second Dapp introduced in the report is Planetcrypto. The game was originally built on the Ethereum platform, but a Tron version was launched during the week. This is a collection strategy game that sees players own any part of the Earth during gameplay. Each land and building represent a collectible token that can be freely traded. Users have to first buy land in order to have a higher Empire Score. Those with higher Empire Scores are entitled to higher gains. The game supports hostile takeovers in which users can buy land from other users at double the price. This increases the Empire Score of those buying the land and reduces that of the sellers. The service charged in the buying and selling of land is regarded as land tax and distributed to all the game players based on their Empire Scores. TRON Dapp Weekly Report: TRX Token Holders Can Now Trade American and Hong Kong Stocks was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2 days ago

Infibeam Doubles Down on its FinTech Play by Investing Rs 250 Crore

Infibeam Avenues has decided to up its FinTech game by investing Rs 250 Crore to develop a blockchain-powered FintTech platform for BFSIs, SMBs, corporates. According to Vishal Mehta, Infibeam's CMD, this move aligns with the organization's focus to divest its non-core enterprises. He added that the company will focus on developing infrastructure for secure data and would have a cloud-based tier-3 data center to provide real-time high-speed computing and storage. (KE)

2 days ago

Africa and the Middle East: Crypto and Blockchain News Roundup 9th to 15th February 2019

Africa and the Middle East Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. South Africa LUNO Agrees With New South African Crypto Regulations: A positive response has been shown by LUNO (crypto platform based in South Africa), towards proposed crypto regulations by the South African government. A consultation paper summarized these new regulations proposed by the South African Reserve Bank (SARB). It was reported by media that SARB was looking to regulate the crypto sector. In the said paper, SARB has highlighted the benefits and risks of utilizing blockchain technology. Moreover, recommendations for dealing with digital assets are presented as well. Congo Blockchain Guidelines Mentioned by Apple in Conflict Minerals Report to SEC: In a report submitted to the US Security Exchange Commission (SEC), Apple maintained that as a part of Responsible Minerals Initiative (RMI), it is working to formulate blockchain guidelines. Recently, the company had announced that it will obtain Cobalt directly from Congo-based mines, which raised concerned regarding human rights abuses. However, Apple announced that it is ready to go beyond minimum requirements in order to provide protection to the people in its supply chain. Under RMI, 360 companies including Apple, are now looking to integrate blockchain to make sure that human rights are not violated during mineral sourcing. Iran Financial Structure in Iran Is Evolving With Blockchain Integration: In order to lay the groundwork for a new token ecosystem, the Iranian government is aiming at collaboration with blockchain startups. Recently at Tehran’s Electronic Banking and Payments conference, the central bank of Iran announced that it is looking to launch a comprehensive cryptocurrency program. Moreover, to provide a suitable environment for the launch of the first native Iranian cryptocurrency, private banks have decided to fund a startup. In addition, it was reported that Kuknos protocol gained the support of Informatics Services Corporation (ISC), which is the central bank’s technology arm. Four Iranian Banks Looking to Launch Gold-Backed Cryptocurrency: A cryptocurrency which is backed by gold has been developed in Iran, claimed four Iranian banks. This native cryptocurrency is named PayMon. The banks maintained that the main objective of developing digital currency is to tokenize their reserves. However, the central bank of Iran maintained that cryptocurrencies are still illegal in Iran. Nevertheless, the bank is positive regarding the future of digital assets. The central bank announced that it has decided to support blockchain technology. In the future, crypto-related initial coin offerings, mining, and exchanges will be legalized and regulated. U.A.E Finablr and Ripple Agree to Provide Remittance Services to Thailand: Foreign exchange company based in UAE, Finablr has decided to join hands with Ripple in a joint project which will offer cross-border remittances to Thailand. Finablr’s main brands, UAE Exchange and Unimoni, will lead the project. On the other hand, Finablr will sign a contract with one of Thailand’s largest banks; Siam Commercial Bank. Moreover, the company aims to expand the service to other countries. The Middle East hosts a large number of workers from countries like Pakistan, India, and Bangladesh. Foreign remittances are the backbone of the economy of these countries. According to the World Bank, remittances from UAE to South Asia grew 13.5% in the previous year. Israel Whitepaper Does Not Confer Any Legal Binding, Say Lawyers for Israeli Crypto Entrepreneur: In response to a lawsuit, Moshe Hogeg’s (Israeli crypto entrepreneur) lawyers have maintained that he has not violated any law. In a news, reported by the Times of Israel, the attorney stated that a whitepaper is of descriptive nature only and should not be considered as binding. The said lawsuit was filed by a Chinese investor Mr. Hu. According to Hu’s claim, he believes that out of $34 million which were raised for STX token, only $5 million were used for its development. He accused Hogeg of utilizing the rest of the funds for investments in other initial coin offerings. However, Hogeg has denied any wrongdoings. Turkey 24 Suspects Arrested for Involvement in Crypto Firm Hacking, Reports Local Media: In the wake of a 13 million Turkish lira (USD 2.47 million) hack, 24 suspects have been arrested by Turkish police, reported Daily Sabah on 12 February 2019. However, the name of Istanbul-based crypto firm has not been revealed. The stolen money was transferred directly from the hacked accounts to accounts on other exchanges, noted the city police’s Cybercrime Department. Reportedly, the money was stolen in various digital currencies such as Ripple (XRP), Ethereum (ETH) and Bitcoin (BTC). Moreover, the police found out that suspects were using PlayerUnknown’s Battlegroun

2 days ago

Paxful To Build A Third Bitcoin School In Africa

Ray Youssef has always dreamt of building schools, especially for those who need it the most. For him, Bitcoin for social good is a game changer. As the CEO of Paxful, a peer-to-peer Bitcoin marketplace that connects buyers with sellers, the platform’s #BuiltWithBitcoin initiative means a lot to him. Teaming up with Zam Zam Water, the team have already built two schools in Rwanda, funded by Bitcoin. “Education is essential in the sustenance of a community,” said Youssef, in an interview with Crypto Briefing. “We see our #BuiltWithBitcoin campaign as a way of giving back to the communities that need it the most to showcase how the power of a peer-to-peer currency like Bitcoin can reach people that need financial assistance.” The first two schools have been built in the Kasebigege Village in Rwanda, next to each other. The decision to build here followed after the team found a partner on the ground who explained how the residents in the village were rebuilding their lives after the Rwandan genocide in the 90s. “Rwanda is the heart of Africa and the people’s resilience showed how forgiveness can heal a community,” Youssef said. “These people need to be given an opportunity more than anything. And they embrace the chance to have the exact change that they need.” The first school is a nursery school for children between the ages of three to six. It has three classrooms, a portable irrigation system with four toilets, and a 15,000 liter water system. There is also a farm to encourage sustainable agriculture for the whole village. The second school is a primary school for children between six to 15 years of age. It has six classrooms, a cafeteria, bathroom stalls, solar panels, and a 35,000 liter water system. “We provided books, uniforms, health insurance, and the educators also now get a proper salary,” said Youssef. “Of course, the villagers help tremendously in keeping these facilities alive, they are the heart of these people and without them, we can never sustain it.” The goal, Youssef said, is to build 100 schools in Africa that are fully funded by cryptocurrency. “With two down, I’m more than excited to get to work on the next 98,” he added, with the hope of building two or three more this year. Plans are already underway to get school number three built as they finalize the location and talk with partners. The anticipated start of construction could be as soon as the next quarter, with Bitcoin coming from people who donate through their marketing campaigns. The platform then matches each donation in order to finish construction. Colombia, Ghana, Kenya, and Uganda are all candidates for the next school, according to Youssef. A team currently located in Kenya for a possible build put the country at the top of the list; however, Youssef clarified that no decision has yet been made. At the moment, he’s in Ghana, mostly to attend a networking event with BitHub Africa to meet young entrepreneurs and local crypto and blockchain enthusiasts, but also to meet people on the ground and understand the market better. “Ghana is in our top five markets, so it’s about time to see first-hand and hear from locals how Bitcoin and Paxful have helped them and how we can improve the product,” he said. Combating Homelessness and Financial Strain Coming from humble beginnings that showed him the importance of maintaining control and access to finance, Youssef knows what it’s like to face financial hardships. During the early days of Paxful he was homeless in New York City, when he couldn’t find a place to bunk down for the night. Founded in 2015, Paxful has since grown to become a P2P site that offers over 300 ways to pay for bitcoins. The most popular choices include using gift cards such as iTunes and Amazon, but other options are PayPal, Google Pay, Apple Pay, WeChat, and bank transfers. “If there is a way for anyone from anywhere around the world to take control of their finances without banking interference or fees, they can have the opportunity to lift themselves up and rise from the pit that the traditional financial system dug for them,” said Youssef. Paxful is aiding this by providing its users with a platform that gives them access to finances their way, he added. As a global platform that includes the unbanked and underbanked into a financial ecosystem, “they don’t have to worry about banks, fees or anyone else controlling their finances - they are in control of how they send and spend their money,” Youssef continued. The impact it’s producing on Africa’s continent is evident. In 2018, Paxful saw its transaction volume increase by 130%, driven by a rise in the number of African users. Ghana, for instance, tripled its user base with the opening of 41,243 accounts whereas Nigeria doubled its own to 321,476. With the team focusing on Africa to continue building more schools, Paxful are set on changing how the continent’s people access finance and education - what so many of us take for granted each day - one school at

3 days ago

Hackers In Turkey Steal $2.5M While Chatting Through An Online Game

Hackers in Turkey made away with $2.47 million worth of cryptocurrencies. And while this may not be the biggest hack in the recent past, this one was quite unique. The hackers used an online game chatting platform to communicate. As reported by a local media outlet, the crypto exchange detected the intrusion and immediately alerted the police. The police swung into action right away, stopping the attack. However, the hackers had already made away with 13 million Turkish lira ($2.47 million). According to the Istanbul Cybercrime Branch, the hackers infiltrated two of the company’s accounts. They then transferred the cryptos in those accounts to several other accounts. The cryptos they made away with were bitcoin, ether and XRP. The police then began investigating the hack and it didn’t take long for them to locate the suspects. The most unique thing about the hackers: they used a massively popular online game, PlayerUnknown’s Battlegrounds (PUBG), to communicate with each other. PUBG is similar to Fortnite and is the fifth-highest selling game in the world. The police went on to track the hackers and in their swift operation, they apprehended 24 suspects. The police carried out the operation in eight provinces simultaneously. These are the capital Ankara, Istanbul, Bursa, Antalya, Izmir, Edirne, Bolu and Afyonkarahisar. For their swift action, the police were able to recover 1.3 million lira ($250,000) in crypto. They also recovered 54,000 lira ($10,300) in cash from the suspects. The recovered crypto was reportedly returned to the crypto exchange whose identity the police refused to divulge. The police released two of the 24 suspects after they completed their legal procedures at the police station. The rest of the suspects went on to an Istanbul Courthouse. Here, the court restrained six of them, releasing the remaining sixteen ‘on condition of judicial control.’ Hackers Unfazed by Bear Market The prices of most cryptos are 80 percent below where they were a year ago. However, this has done little to discourage cybercriminals. Already, hackers have attacked New Zealand crypto exchange Cryptopia and made away with an undisclosed amount of money. Research firm Elementus estimates that the hackers stole $16 million. The firm also revealed that the hackers have already cashed out $3.2 million. Cryptopia updateAs of this morning, the hackers have liquidated $3.2m in tokens, with the bulk of that going to Etherdelta pic.twitter.com/QVbb8mSszX — Elementus (@elementus_io) February 4, 2019 Despite the very widely-talked-about hack, Cryptopia has failed to come out and shed some light on what really happened. In an industry that is widely disreputed by the mainstream finance industry, it’s instances like this that further erode the credibility that millions of people have taken years to build. Image(s): Shutterstock.com The post Hackers In Turkey Steal $2.5M While Chatting Through An Online Game appeared first on NullTX.

4 days ago

Hackers use PUBG to coordinate $2.47 million theft from Turkish crypto firm

A nationwide simultaneous raid by Turkish authorities led to the detention of team of alleged hackers accused of stealing nearly $2.5 million worth of crypto from a firm in Turkey this week, according to local news organization Daily Sabah. The group reportedly used the chat feature in the popular online battle royale video game PlayerUnknown’s Battlegrounds (PUBG) to orchestrate the theft. The firm, which has not been identified in news reports, is described in local media as a cryptocurrency company based in Istanbul. The company itself reported the hack to Turkish police, stating that “a large amount” of bitcoin, ethereum and ripple had been stolen from two of its virtual money accounts. The Istanbul Cybercrime Branch Office coordinated the operation across eight Istanbul provinces, detaining 24 suspects, according Daily Sabah. Of those detained, 22 were referred to the Istanbul Courthouse in Çağlayan, where six were arrested by the court and 16 more were given conditional release. Two more suspects were released outright. The raids only recovered some 1.35 million lira (USD $255,000), just under 10 percent of the amount stolen. The post Hackers use PUBG to coordinate $2.47 million theft from Turkish crypto firm appeared first on The Block.

4 days ago

Having A Gas: This Week In Crypto Pop Culture, February 11-15

Demanding a bitcoin ransom from YouTubers, breaking down a PUBG-enabled crypto heist, and more crypto-themed game shows, please.

4 days ago

Crypto-Collectibles Marketplace OpenSea Partners with Blockchain Video Game Ember Sword - CoinJournal

Ember Sword OpenSea, a digital marketplace for non-fungible crypto collectibles, has partnered with blockchain game developer and publisher So Couch Studios to build an in-game marketplace in the studio’s fantasy massively multiplayer online roleplaying game (MMORPG) Ember Sword using the OpenSea infrastructure. The partnership will see the two companies working together to utilize a custom

4 days ago

Why bitcoin’s future is vertical and crypto should give up going horizontal

Instead of concentrating on building the vertical second layer on top of the bitcoin network, the industry has been obsessed with developing competing base layers on a horizontal plane in the shape of new blockchains, often at great expense and with relatively little to show for it. That, at any rate, is the contention of Ryan Radloff, the chief executive and co-founder of CoinShares. 2/ Last 3 years our industry has been focused on growing horizontally (not vertically) by creating new “base layer” networks to build on & compete with #bitcoin, mainly because of bitcoin’s flaws: -Not fast enough -Not programable enough -etc... — Ryan Radloff (@RyanRadloff) February 10, 2019 And there is one technology in particular that is witnessing accelerated adoption, achieved not by inventing a “better” blockchain but simply by building on top of what already exists: it’s the Lightning Network. Nodes matter and bitcoin is still on top by a mile As of 10 February, the node counts of leading blockchains had bitcoin in first place with 10,336, Ethereum in second place on 7,574 and coming up fast, Lightning is in third place with a tally of 6,088. Some way behind, in fourth, fifth and sixth place are Litecoin, Bitcoin Cash and Ripple on 1,869, 1,589 and 1,047, respectively. At the time of writing the Lightning node count has risen to 6,293, seeing a 14.6% increase in the past 30 days, according to Lightning data site 1ML. Network capacity has jumped 30% in that same period to $2,506,102 (691.01 BTC) and the number of channels stands at 26,990. Going vertical with Bitcoin as new dapps launch but inactivity grows OK, we can have an argument about bitcoin’s listening (full nodes) and non-listening nodes (SPV) that don’t have their ports open and similar issues to take account of on the other networks, but you get the idea. Bitcoin is by far the most decentralised network, although there is the consideration of the “political” control of those nodes, given the pockets of mining control concentration that ASICs brought to the world. Perhaps we should say bitcoin is the densest (and most secure) network. Radloff argues that for the past three years the industry has been fixated on horizontal development by creating new “base layers” with a “’crypto Keynesian’ type spending model - raising a ton of capital & spending it on projects to promote network growth, hoping the spending would stimulate coin velocity & user growth... Now data is showing that isn’t working.” Although not mentioned by Radloff, it might be noted here that a recent research on Ethereum by LongHash found that 10% of the dapps “running” on its blockchain were inactive. Other data at State of the Dapps report in January revealed that 17% of all dapps were inactive, despite the new apps chart still trending higher. Radloff compares EOS and Tron to the bitcoin network in somewhat disparaging terms, bemoaning the fact that they “still can’t achieve the same network size or node count success as bitcoin or even more embarrassing, bitcoins [sic] second layer - lightning network”. He maintains that the approach of EOS and Tron is akin to governments implementing Keynesian-inspired public spending to manage aggregate demand in an economy with the aim of stimulating economic growth. The development of the Lightning Network, by contrast, according to Radloff, has proceeded along the lines of “minimalist ‘boot strap’ funding”. And in so doing it is proving through example that there’s a different way ahead that isn’t just cheaper but arguably more successful. However, critics of Lightning say its system of pre-funded channels that have to be opened between transacting parties will ultimately make it difficult to grow the network and ultimately an unsuitable solution for payments at scale. Does Cash and pizza prove the point? Which brings us to a couple of news items on the Lightning front that perhaps go some way towards illustrating Radloff’s point. First, Jack Dorsey, the chief executive of both Twitter and Square, who said “it’s not an ‘if’, it’s a ‘when’” for Lightning Network integration in the Cash app, as reported earier this week by EWN. Dorsey is what might be considered a bitcoin maximalist in altcoin circles, given that he has rebuffed all pleas to support top altcoins in Cash. In December last year Cash was the most downloaded app in the finance section of the Google Play app store. And on 8 December it was the No.1 most downloaded app in the Apple app store. No wonder people are jumping up and down about Dorsey bringing Lightning to the app. Now consider the launch of Lightning Pizza by the folks behind the crypto payment app Fold. As the name suggests, the new service enables consumers to buy pizza from Domino’s Pizza with bitcoin. A Cheese Pizza, a Pepperoni Pizza and a Classic Garden Salad purchased from from the New York store on 181 Church Street, costs 523101 satoshis ($18.58). LN.Pizza users get a 5% reduction. Altcoin winter The reader should

4 days ago

Crypto Startups Are Targeting Institutional Investors, But When Will They Finally Arrive?

In case you didn’t realize it during the brutal bear market of 2018, the days of stupid money flowing stupidly into any and every cryptocurrency-related project are over. Now, it’s all about the maturity of the nascent market, and that means institutional investors ‘need’ to step in — a sentiment not lost on some startup companies. One such startup is Tagomi, a Jersey City-based company of under 20 people that offers a trading platform for institutional investors looking to throw around big bucks. As noted by Forbes, the company boasts an ex-global head of electronic trading at Goldman Sachs and a Harvard grad with experience at Union Square Ventures as founders, alongside a consulting/private equity/venture capitalism expert. Tagomi apparently works by providing institutional clients with easier onboarding into the world of cryptocurrencies by pooling liquidity from approximately 10 exchanges and finding the lowest prices via algorithms — for a commission of 0.10 percent to upwards of 0.25 percent per trade, of course. Co-CEO Greg Tusar explained: The current exchange model requires you to prefund your trade. When you want to buy $1 million of bitcoin, we need to have thought through where you’re likely to want to buy. Tagomi aims to make life easier for institutional investors by storing hefty funds on Coinbase Pro, Gemini, Kraken, Bitstamp, and others. Of course, “institutional investors” has been a buzzword for, at least, a solid year now. Many people speculate that smart money is still on the sidelines, but others insist that this belief is misguided. The world’s most successful traders and investors buy the bottom and sell the top. To think that institutional investors are not currently playing the game might be foolish. (If they are, they are almost certainly on the short side until a true bottom for Bitcoin hits.) Tusar claimed: Current trading volumes underestimate what we see in terms of institutional interest. What do you think about Tagomi? Are institutional investors playing the waiting game, or are they already here? Let us know your thoughts in the comments below! Images courtesy of Shutterstock. The post Crypto Startups Are Targeting Institutional Investors, But When Will They Finally Arrive? appeared first on Bitcoinist.com.

4 days ago

DECIMATED

DECIMATED Airdrop is worth up to 185 DIO points (~€ 9,25). Each point is worth 1 DIO token worth 0,05 €. Share your referral link to get 100 bonus points (~€ 5) by referring up to 10 friends. Total airdrop budget is €2500. Airdrop token distribution is within few days after 31st March 2019, after bounty campaign ends, About DECIMATED DECIMATED is creating an online multiplayer sandbox game where players must use skill and intelligence to harvest resources, trade with other players, and survive in a hostile apocalyptic environment. DECIMATED is being developed in Unreal Engine 4 and SpatialOS to achieve this massive scale and meaningful persistence. Decimated is rated 4.1/5 on ICO Bench Would you like to receive the latest free Airdrop Alerts? Join our Airdropalert Telegram.

4 days ago

Swych, a Mobile Gifting Startup Announces Support for Cryptocurrencies

Yesterday, Swych, a Dallas-based mobile gifting firm announced that it would be accepting cryptocurrencies as payments starting next week. This move will allow the platform's users to make payments using BTC, ETH, LTC, BCH, and ETC instead of using traditional payment processors. According to Deepak Jain, the company's CEO, this step has put it ahead of the game as most retailers have not yet selected to accept crypto payments. Deepak added that this initiative also boosts its mission of providing consumers with choice and flexibility. The CEO added that integrating the blockchain and cryptocurrencies would enhance the Swych app. (VK)

4 days ago

Mobile Gifting Platform Swych Announces Cryptocurrency Support

On Feb. 15, the Dallas-based mobile gifting company Swych announced it will be accepting cryptocurrencies for payments. Starting next week, instead of using traditional payment processors, Swych users will be able to pay using decentralized digital assets such as BCH, LTC, ETH, BTC, and ETC. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Swych Mobile Gifting App to Add Support for 5 Cryptocurrencies The popular mobile application Swych allows people to give virtual gift cards from over 600 well known retailers and if the person receiving the gift doesn’t like the store they can easily swap the virtual funds for another retailer. Swych was founded in 2015 by Deepak Jain and is backed by capital investment from UAE Exchange Group, a global money transfer exchange, and payment solutions provider. The gift cards available stem from retailers such as Toysrus, Old Navy, Macy’s, Nike, Target, Best Buy, Gap, Banana Republic, Sephora, Nordstrom, Amazon, and more. Essentially Swych allows users to purchase and send gift cards similarly to platforms like Egifter and Gyft. However, the mobile application allows people to effortlessly switch gift cards if they don’t appreciate the particular brand originally gifted. Swych uses payment providers like Apple Pay, Paypal, Amazon Pay, and Google Pay. But according to an announcement on Friday, the company will be accepting five cryptocurrencies next week. Swych users will be able to pay with bitcoin cash (BCH), litecoin (LTC), ethereum (ETH), bitcoin core (BTC), and ethereum classic ETC. Deepak Jain, CEO of Swych, explained during the announcement that gift cards are a de facto choice among consumers and some of the same consumers also want to spend digital currencies. “We feel we are ahead of the game considering most retailers have not yet chosen to accept crypto payments,” Jain stated. “In keeping with Swych’s mission of providing our consumers with choice and flexibility, we’d like to provide new options based on our customers’ needs — crypto integration is one of the many requests we’ve received. ‘Cryptocurrencies: The Go-to Choice for Consumers’ Jain says Swych is the only application that allows consumers to send gift cards by simply using a mobile phone number. Swych also got into blockchain technology last year and has rolled out a cross border gifting platform that’s built on top of the Stellar network. Jain believes blockchain technology and cryptocurrency solutions will make the digital gifting platforms’ operations become far more efficient. “While digital gifting is undoubtedly an amazing use case for blockchain, so is payments and I think cryptocurrencies are gradually going to become the go-to choice for consumers to make purchases on the internet,” Jain emphasized. “For crypto holders, this means they can essentially use their crypto holdings for gift cards that are spendable at hundreds of different retail outlets,” Jain conceded. “There’s no doubt that this will be attractive to a large portion of the community, irrespective of whether the market is up or down.” What do you think about the digital gifting platform Swych accepting cryptocurrencies? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Pixabay, and Swych. Need to calculate your bitcoin holdings? Check our tools section. The post Mobile Gifting Platform Swych Announces Cryptocurrency Support appeared first on Bitcoin News.

4 days ago

Hackers in Turkey Plan Multi-Million Dollar Crypto Theft in PUBG Chatroom's

The details of a multimillion-dollar cryptocurrency theft out of Turkey indicate that the individuals involved used the chat rooms on the popular mobile game PlayerUnknown’s BattleGrounds (PUBG) to plan the crime. A group of 24 individuals distributed throughout Turkey have been identified as part of a group of hackers responsible for stealing more than $2.47 million worth of Bitcoin, Ethereum and XRP from a cryptocurrency company in Istanbul. Police have so far been able to track and capture the 22 of the 24 criminals involved and recover some of the stolen funds. (JF)

4 days ago

Hackers That Stole Millions From Crypto Firm Planned the Attack Chatting On the Game PUBG

The cybersecurity agenda remains one of the main concerns that prevent financial institutions and users in general from adopting cryptocurrencies as a viable option for making transactions and saving money with the confidence of knowing that their funds are “in good hands.” After the scandal surrounding the Cryptopia hack, a new case of theft with multimillion-dollar losses was reported in Turkey. According to an article in the local newspaper The Daily Sabah, a group of hackers stole more than 2.47 million dollars from a cryptocurrency company in Istanbul. The newspaper reports that the band was made up of 24 individuals distributed throughout the country. According to police reports, the company (whose name was not disclosed) reported losses of a significant amount of Bitcoin (BTC) Ethereum (ETH) and XRP. The losses are estimated at 13 Million Liras. The hackers were able to access the company’s wallet somehow and redistribute the tokens to other accounts that have not yet been tracked. Criminals and Hackers are Improving Their “Game” The Istanbul Cybercrime Branch Office revealed that the 24 suspects maintained communication through the internal chat of the famous online multiplayer game PlayerUnknown’s BattleGrounds (PUBG) a mobile game very similar to Fortnite which is very popular in Android, Windows, Xbox and iOS. Police were able to track and capture the 24 criminals after a series of raids in the provinces of Istanbul, Ankara, Izmir, Afyonkarahisar, Bursa, Edirne, Bolu, and Antalya. After apprehending the suspects, further investigations allowed them to recover 54,000 lire in cash and 1.3 million lire in crypto. The rest of the money is still lost. Of the 24 suspects, two are already at large. Of the remainder, six were arrested while 16 were released on condition of judicial control. There is still no set date for the trial of these criminals. The police are still active in the investigations under the country’s legal stipulations. Although the exact name of the company is not known, it is most likely a local cryptocurrency Exchange. Crypto Hacks: A Rising Problem Despite The Bearish Market? According to a report by the cybersecurity firm CipherTrace, Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion. The firm commented that it was surprising to obtain these results precisely after the severe bearish trend of the last months. The report points out that many of the crimes happen because the exchanges have a bad security policy and also because of an inadequate legal context in the countries where these businesses are headquartered: “These bad actors are clearly flocking to jurisdictions with weak AML (anti-money laundering) and know-your-customer (KYC) regimes, because in our Q3 report we published the results of research showing 97 percent of criminal bitcoin flows into unregulated cryptocurrency exchanges” The post Hackers That Stole Millions From Crypto Firm Planned the Attack Chatting On the Game PUBG appeared first on Ethereum World News.

4 days ago

Crypto-Collectibles Marketplace OpenSea Partners with Blockchain Video Game Ember Sword

OpenSea, a digital marketplace for non-fungible crypto collectibles, has partnered with blockchain game developer and publisher So Couch Studios to build an in-game marketplace in the studio’s fantasy massively multiplayer online roleplaying game (MMORPG) Ember Sword using the OpenSea infrastructure. The partnership will see the two companies working together to utilize a custom version of...

5 days ago

Weekly roundup Feb. 11 - Feb. 15

This week was a somewhat slow in the crypto world. Bitcoin continued to consolidate, as indecision and stagnation plagued the asset’s path to a new price trend. Although the price of BTC seemingly failed to react, this week did host several interesting eventful news. Catch the top stories from the past several days: Red Bull partners with... FuturoCoin? Reported in a Crypto Insider piece on Monday, Red Bull chose an odd cryptocurrency with whom to partner. More specifically, Red Bull Racing. The Red Bull Gmbh-owned Formula One racing team partnered with FuturoCoin (FTO), as mentioned on an article on Red Bull Racing’s website. At the time of the article, FuturoCoin came in at number 1773 out of 2065 crypto assets on CoinMarketCap’s list of top cryptocurrencies and tokens. Popular YouTuber Sunny Decree mentioned several oddities regarding FuturoCoin in one of his videos. Decree noticed things such as an error in the project’s white paper, as well as suspicions on the project’s insignificance in general. Read on Crypto Insider General Motors adds blockchain with Spring Labs collaboration Also this week, GM Financial (the fiscal branch of mainstream big dog General Motors) posted news of a partnership with Spring Labs. The partnership will reportedly will lead to blockchain incorporation for GM. Details from an AP News press release showed GM Financial joining the Spring Founding Industry Partners (SFIP) group. Under Spring Labs, SFIP reportedly seeks to improve data storage and decrease the occurrence of identity authentication issues, as well as fraud - aspects known to affect the auto industry. Read on Crypto Insider Russia is planning an experiment to shut down its internet Russia reportedly wants digital independence. ZDNet, with data from Russian news outlet RBK, gave details of Russia’s goals to become self-sufficient in the internet department. Associated with a recent law proposal, Russia plans to conduct a test, shutting off its digital data communications from the outside world. As part of the initiative, internet activity will be kept in-house, routed toward regulated outposts for approval. Russia will use the test to gather information, possibly leading to amendments to the proposed law. ZDNet explained, “[a] first draft of the law mandated that Russian internet providers should ensure the independence of the Russian internet space (Runet) in the case of foreign aggression to disconnect the country from the rest of the internet.” Read on Crypto Insider JP Morgan unveils its own cryptocurrency One of this week’s most talked about events was a surprising move by J.P. Morgan. The influential company announced the development of its own stablecoin - the JPM Coin. As detailed in CNBC’s February 14 news, each JPM Coin will have a value of $1 USD. Starting later in 2019, J.P. Morgan will take the asset on a trial run for a small percentage of its transactions. The entity’s cryptocurrency involvement comes as a surprise after bitcoin faced repeated backlash from J.P. Morgan CEO Jamie Dimon over the past couple years. However, as a stablecoin and bank-friendly asset, JPM Coin appears to be quite opposite of BTC. As was expected, crypto influencers on Twitter posted their share of sarcasm and comedy in response to the news. Read on Crypto Insider Crypto Insider also posted several other noteworthy articles, including a look at the top blockchain influencers of 2018, a look at Bitmain’s downfall, discussion on reducing bitcoin’s block size to 300kb and the new touchless crypto hardware wallet card from Status. Also included was a piece about a 0.25 BTC bounty hidden in a game of Ms. Pac-Man. The post Weekly roundup Feb. 11 - Feb. 15 appeared first on Crypto Insider.

5 days ago

Rehypothecation: BTC’s path to becoming king of collateral

Concerns about rehypothecation in layer 2 protocols for Bitcoin are overblown. We don’t need to fear rehypothecation, we just need to accurately price its risk premiums. There’s inflationary and deflationary forms of derivative open interest. The deflationary version comes in the form of fully-backed synthetic cash positions, which fuels Bitcoin Dollarization and gives a sensible valuation-growth model for Bitcoin. To understand these nuances, we have to understand bank credit. If your collateral is so good, why not use it like any other collateral? What is fiat? Fiat is a b-side currency note, a form of immediate-term debt, it’s an asset, but only because of its legal connection to the amortization of debts. It is an anti-liability, but mathematically, by the transitive property - that’s an asset! To restore some sanity, we call these “financial assets”, derivatives are also financial assets, that’s why you can be short them. For every $1 in someone’s pocket, which they are “long”, the Central Bank or Commercial Banks are short $1. A real asset would be, for example, some Caterpillar machinery purchased with a secured loan. To buy real assets, people accept shorting units of fiat that they borrow, then spend. You get this phenomenon of “fiat” - let it be - the “creation” of new money in the form of credit. The difference between a licensed bank, and a pool of investors funding loans on LendingClub with full capital paid, or a bond investor, is that the bank has essentially a portfolio margin license from the government. You don’t have to fund loans with cash, you can fund them with credit. Your bank’s credit. Also, the checking account deposits everyone depends on to survive are a junior, most-subordinated liability of the bank — thanks for looking out for us. In essence, a lender is making a hypothesis that the borrower will pay them back. In the hypothetical scenario of a default, XYZ can be triggered (e.g. going and taking assets to settle the loan). So to hypothecate something, you just have to lend it. To rehypothecate something then, you just... lend it again! Currency units issued by a bank as consideration for a new debt note, which may cycle back to that same bank and generally these days the value stays in the banking system, and around and around it goes. One man’s leveraged capex is another man’s revenue is another bank account’s deposit. You get the money multiplier effect. People who are Pro-Bitcoin generally hate the Federal Reserve, inflation, and fractional reserve banking. This is because many of us came of age at a time where all of these institutions were called into question, amidst great cataclysm unleashed through corruption of the highest halls of capitalism, and also we saw this movie called Zeitgeist and watched Ron Paul run for president. We read Baby Boomers’ rants about gold manipulation on ZeroHedge, and then we found BTC. Murray Rothbard, Hayek, and the general school of Austrian economics figured in, but people who consider themselves a priori, categorically, it’s gotta be Austrian, Austrians, are not necessarily representative of the majority of Pro-Bitcoin people. Rehypothecation can fuel Lightning In the default model of the Lightning Network, lots of BTC is needed in a fully-collateralized fashion to facilitate payments, earning a low yield from routing fees of generally under 1 percent per annum (what Nik Bhatia calls the “Lightning Network Reference Rate”). The presumption here, was that LN is necessarily going to be used in that way, that BTC would necessarily dominate liquidity in an environment of cross-chain asset swaps, and that nobody would use BTC/LN in a way that would contravene these Austrian economics tenants of strictly deflationary currency - which by the way, aren’t strictly speaking representative of pre-Bitcoin Austrian economics, perhaps better described as Quebecois Economics, after its two most prolific proponents, Francis Pouliot and Pierre Rochard. Much respect. However, one of the greatest things about Bitcoin is that nobody can censor usage of it. The only thing you can do to discourage certain kinds of usage is, either get mass consensus for a soft fork, changing around parameters that make it more difficult to relay “spam”, or have it be generally uneconomical. But if it’s economical, enough clients will relay it, and a single block-winning miner will include it, it can get in. Lightning Network is also a client-agnostic network in the sense that is has no global consensus state or specific blockchain. So it reasons, LN clients that run a bit differently could be pretty amazing for getting yield on BTC. For those who know what they are doing, there’s nothing that can be done to stop that, and it will have some degree of synthetic dilutive effect on BTC in the Lightning Network. Rehypothecation of BTC across Lightning Nodes, creating some sort of money multiplier, is possible if channels are constructed that operate based on un-collateraliz

5 days ago

Why Stellar (XLM) Has More Room For Growth Than Most Large Cap Coins

Stellar (XLM) has reached the far end of the falling wedge it has been trading in. This is a rare sight to see in cryptocurrencies but when the market is down and sentiment against a particular coin is this negative, anything is possible. All hope of a recovery around November, 2018 was lost when the price plunged below the 50 Day MA. As long as XLM/USD remains below the 50 Day MA, there is no hope for any bullish setup. That being said, as the overall market recovers, we will see that the gap between the 50 Day MA and 200 Day MA on Stellar (XLM) is a lot wider than the ones seen on most other large cap coins. This means that Stellar (XLM) has more room to run compared to other top ten cryptocurrencies. As the bear market draws to an end, smart money is busy accumulating top performing coins. Stellar (XLM) is one of them and as we have seen in the past, it performs much like Ripple (XRP) in terms of growth. The difference is that it is a more ‘decentralized’ cryptocurrency than Ripple (XRP) which means it is not interested in protecting the banking status quo and wants to revolutionize it. Ripple (XRP) on the other hand wants to help the banks put up a fight to maintain their status quo. This makes XLM/USD and XRP/USD good hedges against one another for investors that are in it for the long haul. Besides, the simple game where people just put money in any crypto of their choice and the market starts surging higher along with their favorite crypto cannot last for long. There was a time during the dot com boom when people could have bought anything and made a lot of money. However, there came a time when that approach no longer worked. Anything with a dot com in front of it did not necessarily have to succeed and people realized that. Those that did not, had to pay for the lesson in due time. In the cryptocurrency market, we have seen that a lot of new coins made a lot of gains during the previous bull runs. However, when things got tough and we entered a bear market, a lot of those projects went belly up. Some declared bankruptcies, others lost too much funds and couldn’t operate anymore so they quit. The daily chart for XLM/BTC shows that Stellar (XLM) is also trading in a falling wedge against Bitcoin (BTC) and is expected to correct to the upside any time now. The RSI is in oversold territory and the MACD crossover indicates a near term shift from bearish to bullish momentum. It is thus obvious that Stellar (XLM) has a lot of room to run against other large coins short term. However, considering that Stellar (XLM) wants to empower the end user to be in charge of their finances without having to rely on a middleman, there is a high probability that Stellar (XLM) might eventually beat Ripple (XRP) at this game and come out on top. Yahoo was a lot bigger than Google and had a larger customer base but we all know how that turned out in the end.

5 days ago

Why Ripple (XRP) Did Not Fall After JPM Coin Announcement

A lot of cryptocurrency enthusiasts expected Ripple (XRP) to decline significantly after JP Morgan CEO, Jamie Dimon announced their new JPM coin. As this coin will be used to settle institutional transactions same as XRP, many believed that this would deal a severe blow to the price of XRP/USD. A lot of Bitcoin (BTC) maximalists started attacking Ripple (XRP) on social media forums all of a sudden and rumors that some developers have left Ripple began to surface. This may have happened to Ripple (XRP) for the first time but this kind of fear mongering is not new. In fact, we saw it when ETC Dev announced shutdown and then Ethereum Classic (ETC) had the 51% attack. After that when Ethereum (ETH) delayed its Constantinople hard fork due to some security concerns, a lot of people started saying it was game over for Ethereum (ETH). The takeaway from this whole discourse is that such developments towards the end of the bear market are just orchestrated ploys to suck more blood out of the market. If you are expecting something big to happen short term after the JPM announcement, please know that we have seen such developments in the past with no significant impact on the price whatsoever. The Van Eck ETF Rejection was a far bigger event than some JPM coin. Yet it failed to pull the price of Bitcoin (BTC) like the market makers wanted to. The thing is, the big boys know exactly what is up. So, if one of them dumps to create fear in the market, one of their fellows is going to scoop it up. The end result of this is quite obvious. So, what they are looking for here is for the retail traders to panic not the professionals. JP Morgan is no doubt a large financial institution but in terms of technology, Ripple (XRP) is still far ahead. Besides, Ripple (XRP) is not a bank; it is a company that provides services to banks. So, a lot of banks would be open to using XRP instead of their nostro/vostro accounts. As for JP Morgan, its coin will only be used for inter-bank transfers. Another important thing to point out is that a lot of people do not trust the banks anyway. Moreover, they might find it difficult to make big changes on a large scale compared to Ripple (XRP). If you look at the charts for XRP/USD, it is obvious to see that fear is being infused into the market at a point when Ripple (XRP) is prepared for a breakout. If everybody is so concerned all of a sudden why are they not selling? That is because the people you see bashing XRP on Twitter or Reddit had no XRP in the first place. If they had any, they would have sold them now and the price would have tanked. All such statements like, “This is the end of XRP” or “JPM is the new XRP killer” should be given no more thought than statements like, “XRP is going to $500 per coin”.

5 days ago

Here Are the Esports Teams Already Recruiting Apex Legends Rosters

Recently released battle royale shooter Apex Legends has taken the gaming community by storm, gaining more than 25 million players in its first week. The design of the game has made it an instant classic for competitive gameplay, and its first tournament, which was hosted by Twitch Rivals, recently concluded, with Tyler “Ninja” Blevins’ team taking the win.

5 days ago

CryptoKitties Sees Notable Uptick During Gods Unchained Crossover

Leading Ethereum (ETH) blockchain game CryptoKitties recently concluded its cross-over event with Gods Unchained, a collectible trading card game backed by Coinbase, to highlight the potential of non-fungible token game assets. As a result of the cross-over event, which brought three Gods Unchained-themed cats, CryptoKitties saw a 17.5% increase in active users the day the campaign began, and

5 days ago

EOS Blockchain Game Blankos Block Party Will Be Unveiled at SXSW 2019

SXSW Gaming is teaming up with with the creators behind the upcoming EOS (EOS) blockchain game Blankos Block Party, Mythical Games, to host this year’s opening night party on March 15. SXSW Gaming & @PlayBlankos are teaming up to host this year’s opening night party! Attendees will be the first in the world to meet the fun-filled characters

5 days ago

How to Trade Market Sentiment

Emotions are the key to understanding financial markets. However, it’s tough to make rational decisions based on them. Even if you think you read your emotions or other peoples emotions, you may get lost in trying to comprehend the feelings of the crowd. And the market sentiment is the emotions of millions of traders around the world. If you’d like to know more about it, read the guide by SimpleFX WebTrader. The behavior of the masses works differently from the mechanism that determines individual actions. The discovery is quite old and well described in a book by a French anthropologist Gustave Le Bon in 1895 “The Crowd: A Study of the Popular Mind.” The author states some of the characteristics of the psychology of the crowds: “impulsiveness, irritability, incapacity to reason, the absence of judgment of the critical spirit, the exaggeration of sentiments, and others...” Trying to take advantage form market sentiment is a common mistake by individual traders, source: SimpleFX WebTrader Every trader knows the importance of emotions. You can see it in market volatility; you can see that some stock is overvalued in comparison to the company’s fundamentals, and others are undervalued. Just like people on a rock concert, football game, or political demonstration transcend from individuals to a crowd, traders around the world create an entity that has its emotions and moods. The state of mind of the crowd of traders is called market sentiment. The market sentiment is one of the three possible pillars for any trading strategy: Technical Analysis Fundamental Analysis / Trading the News Reading Market Sentiment For Forex and especially cryptocurrency traders fundamental analysis is much more difficult to apply than on the stock market. That is why these markets traders focus on technical analysis. Bulls, bears and “dumb money” Understanding the sentiment will let you know whether the crowd is optimistic (bull market), cautious or pessimistic (bear market) about a currency, stock or crypto. Identifying the current trend can help you predict the future overall market sentiment and will open sentiment-based trading opportunities. Market sentiment works for all kind of markets, but it is very difficult to read. There are big players, such as institutional banks that can play against the prevailing sentiment, and seek for so-called “dumb money.” Wait until the crowd gets all in on a particular position - be it long or short - and use the trading power to incite a reversal. Follow or go against the market sentiment There are two possible strategies for using the market sentiment. You can go with the current and try to join the crowd or trade against the sentiment. The first strategy would include tactics involving the Fibonacci retracement tool, that can help traders profit from local price corrections. The second strategy is all about hunting for reversals identifying support and resistance levels and taking into consideration the overall market sentiment to decide whether a breakout may happen. Safe-havens play an important role when the market sentiment goes to extremes, or there’s an overwhelming uncertainty. Assets like gold, USD, CHF or JPY are considered an excellent shelter in case of too much risk. When more volatile assets are entering a bear market, traders (including the most prominent players) tend to seek these safe-havens, which automatically creates a bull market on ultrasafe assets. The two most dominant emotions Fear and greed are the most dominant emotions among traders. They are either afraid of losing money, or they want to earn more. Greed is overwhelming at market peaks when the bubble is created. A classic example of greed taking over in the peak of 2017 Bitcoin bubble, source: SimpleFX WebTrader More and more people open the same long position on a hot asset be it a tech company, a currency of a fast-growing economy or a popular cryptocurrency. Just take a look at the most significant burst in crypto. On the other hand, fear takes over when the market hits bottom. Traders are panicking underestimating the real value of an asset. A savvy investor can see an opportunity for opening a long position in these situations. However, trading against the trend always involves high risk. How to identify fear or greed? When you see a trend accelerating breaking new resistance levels without any fundamental explanation - no critical information that would justify it - you may expect the greed is in action. The same mechanism works the other way around with fear. If during a downtrends support levels are broken without an apparent reason, the fear may have taken over. How to spot “dumb money” “Dumb money” is where traders are taking the most popular and the most obvious moves. Everyone takes the hottest position, more and more people join and put themselves in a very vulnerable position. Let’s take a look at Forex, a market where individual traders compete with the largest banks to make successful trade

5 days ago

Even During Nuclear Winter, the Largest Crypto Asset Manager Controls Nearly $1 Billion

Cryptocurrencies have continued to stumble, but one organization has been making promising strides in the back offices of the Bitcoin space. Grayscale Investments, a wholly-owned subsidiary of the crypto conglomerate that is the New York-based Digital Currency Group, revealed that its products secured millions in investment amid the so-called “crypto winter.” Crypto Winter Has Been No Match For Grayscale’s Bitcoin Fund Grayscale, headed by Michael Sonnenshein, recently released its “2018 Digital Asset Investment Report” to outline company performance over the course of yesteryear. And surprisingly, the statistics were arguably not foreboding, but optimistic. BREAKING: We are excited to share our 2018 Digital Asset Investment Report! 2018 Highlights include:• Total Capital Raised into Grayscale Products: $359.5M • Majority of investment (66%) came from institutional investors Read the FULL report https://t.co/Kjv3tBdqrl pic.twitter.com/GGvTJ2eqLJ — Grayscale (@GrayscaleInvest) February 14, 2019 The company first accentuated that as it stands, it has $825 million worth of assets under management, 43.5% ($359.5 million) of which entered Grayscale’s care in 2018. While this figure was impressive in and of itself, it was later explained that 66% of inflows came from institutional investors, who Grayscale claims are “building core strategic positions in digital assets.” Doing some napkin math, that means that $237 million of investments in Grayscale’s products, which include in-house Bitcoin, Ethereum, and Stellar Lumens funds, came from institutional players. While $237 million may not seem like a monumental sum, critics of Grayscale’s 2018 figures would be remiss to neglect fiat amplifiers. Alex Kruger, a leading cryptocurrency economist and researcher, recently did some analysis on how nominal fiat inflows affect the aggregate value of all cryptocurrencies. According to JPM, only 2 billion dollars entered Bitcoin in 2017 => $2 billion propelled bitcoin's market cap from $15 billion in Jan/1/2017 to $250 billion by year end. pic.twitter.com/6vW0lJ5WvB — Alex Krüger (@Crypto_Macro) January 3, 2019 Citing a 2018 report from JP Morgan regarding cryptocurrencies, the New York-based trader explained that that Wall Street institution is calculating a fiat amplifier of 117.5 ($1 million in fiat investment turns into $117.5 million in cryptocurrency value). But, this isn’t the whole story. Citi purportedly estimated an amplifier of 50, while Chris Burniske of Placeholder Ventures calculated the figure out to somewhere between two and 25. Thus, considering a low-end estimate of a ten times fiat multiplier, Grayscale’s institutional clients could have infused $23.7 billion worth of registered market capitalization into this space over 2018. Regardless, what was made clear is that institutions still are interested in allocating capital to the cryptosphere, as the heads of such groups look to accumulate when the price of Bitcoin remains in a lull. 2019: The Year Of Institutional Investors These statistics haven’t gone unnoticed. Barry Silbert, the founder of Digital Currency Group, Grayscale’s parent organization, recently took to CNBC to express that the advent of institutional investors will continue to be an industry trend in the coming months. As reported by NewsBTC previously, Silbert commented that products like Bakkt’s futures only accentuate that bigwig firms are poised to make investments in Bitcoin. Galaxy Digital Holdings founder Mike Novogratz also recently made a similar comment. In an interview with Bloomberg TV, the former Goldman Sachs partner noted that it is only a matter of time before institutional-sourced greenbacks appear on crypto’s marketplaces. Echoing comments he has made over recent months, the Galaxy Digital chief executive noted that the “architecture” that would entice institutions to make noticeable capital and effort allocations are starting to be put in place. Case in point, Fidelity Investments, a world-renowned financial institution with over ten thousand clients in its institutional Rolodex, recently revealed that it could launch its crypto custody offering by March. Novogratz explained that this service, along with products of a similar caliber, will pave the way for “smart money” to make a foray. Related Reading: Novogratz: Institutions Will Drive The Next Crypto and Bitcoin Boom While industry insiders are talking up a big game, some fear that there actually aren’t that many bigwigs waiting on the crypto sidelines. Case in point, over recent months, both Coinbase and Blockchain, which both have institutional investor-centric divisions that are some of this sector’s most prominent, dropped notable hires from Wall Street. Representatives from the firms claimed that there has been a noticeable shift in the underlying status of cryptocurrency investment. More specifically, it was explained that “crypto-native firms,” like hedge funds, projects, and venture groups, were the instituti

5 days ago

Tron Price Analysis: TRX Bulls are Back, Correction Phase Over?

Latest Tron News Underpinning the success of any project, is its ability to draw new users. It doesn’t matter the size or funding levels. Bitcoin became an instant success because of its ability to cut off gate keepers, the middle men that continue to squeeze out every last penny in legacy set ups. Read: Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS Taking the same route, Tron are slowly but surely gravitating towards their ultimate objectives of not only decentralizing the web but creating an ecosystem for entertainment in a two-pronged approach. First, they are a smart contracting platform where users can create tokens, launch applications and receive funds from interested parties. On the other, it is also a place where talented coders are incentivized to develop and contribute apps. Tron Arcade is an example and with a $100 million kitty spread out over three years, the Tron Foundation has their eyes set on one of the three SE Asia blockchain powerhouse—South Korea. Also Read: BTT Paired with XRP and More BitTorrent News Updates It’s a strategic move and verified statistics shows that in 2018, gamers in the country spent a whopping $5.8 billion. Armed with a scalable and a high throughput platform that’s already attracting developers from Ethereum, Roy Liu, the Business Development Manager signed a deal with two of South Korea’s leading gaming associations-Korea Mobile Game Association (KMGA) and the Korea Blockchain Contents Association (KBCCA). Add this to Justin Sun’s recent comments that their goal this year is education, it’s only a matter of time before we see how their efforts are paying off and influencing price action. TRX/USD Price Analysis Even so, TRX is not fairing any better. After an initial pump that temporarily thrusted prices above the all-important 2.5 cents, prices are sliding back and retesting primary support levels. Regardless, we shall continue to hold a bullish outlook on the digital asset. However, it’s all depends on how fast TRX prices recover from current lows as bulls snap back to trend thrusting prices towards 4 cents and later 6 cents. Trend and Candlestick Formation: Bullish, Breakout pattern In the lead up to BitTorrent ICO, the need of TRX and BNB temporarily pumped the coin causing a mis-pricing that is now being corrected. Despite this slide, prices are technically trending within a bullish breakout pattern with clear supports at 2.3 cents—2.5 cents zone. Considering price action of the last few days, it is likely that the retest phase has been completed. This stand will hold water more so if today close as a bullish right off the support line complete with decent volumes. If that is the case, risk off traders should begin looking for opportunities in lower time frames with first targets at 3.1 cents. The 3.1 cents mark is the tops of the inverted pin bar of Jan 27 and a conservative buy trigger line whose breakout could catalyze a rally towards 4 cents and even 6 cents. Volumes: Bullish On average, transactional volumes between mid-Dec and early Jan stood at around 16 million as relayed from Binance records. The correction wave between mid-Dec to Feb averaged around 8 million. This discrepancy means buyers are technically in charge and with evidence from candlestick arrangement, it is likely that volumes pick up. Ideally, volumes signaling bulls should be high above 8 million averages and even exceed 42 million of Feb 4. All Charts courtesy of Trading View—Binance This is not Investment Advice. Do your Research. The post Tron Price Analysis: TRX Bulls are Back, Correction Phase Over? appeared first on Ethereum World News.

5 days ago

Best Cryptocurrency Investment Strategy for 2019: Surviving the Bear Market Edition

In order to keep winning amids the crypto rout, you have to stay at the top of your game

5 days ago

Ripple and XRP face new challenges as JP Morgan launches new stablecoin, JPM coin

JP Morgan launched its own stablecoin on February 14 and after being used for just one transaction, it has been applauded and called by some as the game changer for digital assets, reported Bloomberg. The company hopes that its clients soon use JPM coins for cross-border payments, which would pose serious competition for the more prominent blockchain company, Ripple. This new coin is a direct challenge to Ripple and its digital currency, as per Tom Shaughnessy, principal at Delphi Digital which is a crypto research boutique in New York. The third largest cryptocurrency as per market cap, XRP could be used to carry out faster transactions for lower cost with respect to cross-border payments. Ripple has been in the business for long and has been aiming to replace the SWIFT network used by banks, individuals, and businesses to carry out financial transactions. While JP Morgan registers transactions worth $5 trillion in wholesale payments every day, such a step could have a huge impact on its rivals. Shaughnessy said: “This is a huge slap in the face for Ripple. Ripple’s target market is cross-border payments and remittances and now JPMorgan’s effort is a direct threat.” As per the publication, Ripple’s CEO Brad Garlinghouse dismissed the impact of the coin’s launch and tweeted saying: “As predicted, banks are changing their tune on crypto. But this JPM project misses the point- introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer.” The San Francisco-based company has claimed that it has more than 200 banks and payment providers on its Ripple Network, which also includes Japan’s Mitsubishi UFJ Financial Group Inc. and Standard Chartered PLC, as per their website. Travis Kling, the Los Angeles-based founder of crypto hedge fund Ikgai Asset Management had this to say: “JPM’s project is much more evolutionary than revolutionary — it is utilizing a private, permissioned blockchain technology called Quorum, which is much closer to a Google Sheet than a Bitcoin. The project is clearly competing directly with Ripple Labs and their centralized cryptocurrency XRP.” The JPM coin, unlike XRP, is pegged to the dollar, thus offering a stable medium of exchange for the people, while XRP was trading above $3 in early 2018 and has gone down to 30 cents currently. Shaughnessy added: “The JPM Coin is a stable coin whereas XRP is anything but stable. That’s going to be a very contentious point for banks who don’t want the currency in which they make payments to be volatile.” The post Ripple and XRP face new challenges as JP Morgan launches new stablecoin, JPM coin appeared first on AMBCrypto.

5 days ago

EOS Price Surge Signals new Market Cap Flippening With Litecoin

Most of the top crypto markets are currently in the process of moving up again every so slightly. When Bitcoin goes in the green - albeit ever so slightly - the other currencies will usually follow suit pretty quickly. For the EOS price, these current gains can prove to be crucial. Its “flippening” with Litecoin in terms of market cap will continue for quite some time to come, it seems. EOS Price Mounts Another Mini Surge The past week and a half have been relatively positive for EOS watchers. The value of this currency has risen significantly, and it appears most of the bearish pressure can be negated without too many problems. There is also the recent push to the market cap top 4 lately, although EOS has dropped to #5 again after Litecoin noted some higher quick gains. It seems likely both currencies go one-up one another for some time to come. Over the past 24 hours, the momentum in cryptocurrency has turned from semi bearish to semi bullish. Such shifts tend to occur quite regularly, although this is a pretty interesting development, all things considered. For the EOS price, it means a 0.8% gain can be noted in both USD and BTC value. One EOS is now valued at $2.82 or 0.000777 Bitcoin. Both levels are seemingly sustainable based on the current trading volume. Behind the scenes of the EOS ecosystem, it would appear a new partnership has been formed between Unlimited Tower and EOS Park. Both entities partner to build better API and full node endpoints for the items and user activities provided by Unlimited Tower. It is a pretty significant development for this alternative currency itself, as EOS continues to grow and evolve at an accelerated pace. We are thrilled to collaborate with @eospark_com for providing the world class Full node EOS endpoints for our items and user activities! We can't wait to work with industry leaders and game changers! #BuiltOnEOS #EOS #Explorer #NFT #UTG #Pandahttps://t.co/a7BmfIxGSU — Unlimited Tower (@UnlimitedTower) February 15, 2019 Secondly, it would appear a new gaming dApp built on EOS is getting some attention. Known as Ready Player One - nothing to do with the actual movie or book - it offers Monopoly-esque gameplay elements. It is a game which has been in development for some time now. Efforts like these can make more people aware of EOS and how its blockchain can function. Not all dApps have to be gambling related or DExes, after all. #Dapps #Blockchain #EOSThe EOS blockchain has launched an interesting Dapp, Ready Player One. It is a monopoly-type Dapp with a variety of beautifully played games. I have to say that after more than half a year of development, EOS is not just a game of gambling type, EOS! pic.twitter.com/t5MBhE5HKC — DappOnline.io (@DappOnline) February 15, 2019 For traders and speculators who are not too bothered about the current market value of EOS, there are some interesting arbitrage opportunities to take note of as well. Different platforms maintain a variable price for EOS at this time, which can make for some easy profits along the way. Considering how most traders yield a 1% profit or more, there is a good reason to exploit these price gaps for profit. #EOSBuy at #Gobaba and sell at #Bitfinex. Ratio: 1.28%Buy at #Poloniex and sell at #Bitfinex. Ratio: 1.31%Buy at #Gate.io and sell at #Bitfinex. Ratio: 1.54%Buy at #Koineks and sell at #Bitfinex. Ratio: 1.67%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) February 15, 2019 Based on all of these developments and circumstances, it would appear as if this may be the beginning of a new EOS mini bull run. Although it is still too early to say so for sure, these developments can all impact the price in a positive manner. Unfortunately for EOS and other currencies, that will primarily depend on how the Bitcoin price evolves over the coming hours and days. Anything can happen ahead of a weekend, after all. 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. Image(s): Shutterstock.com The post EOS Price Surge Signals new Market Cap Flippening With Litecoin appeared first on NullTX.

5 days ago

$2.47 million in cryptocurrency stolen from Turkish firm by hackers communicating through PUBG

Cryptocurrency networks are often exposed to the threat of thefts that loom over the network’s security. It is for this reason that such networks and firms spend a significant amount of capital to fix the critical vulnerabilities and improve the protection quotient. A Turkish firm failed this test after a group of cyber criminals pulled off an online heist on a domestic cryptocurrency company. The group of alleged hackers has been detained by the local authorities and according to reports, the hackers used the highly popular game PUBG as a medium of communication prior to the cryptocurrency theft. The Turkish company which has fallen to the vicious attack of the virtual hackers is an Istanbul-based cryptocurrency firm. According to the Daily Sabah, a local news publication, the identity of the firm has not been disclosed, however, it has been suggested that the firm provides digital currency trading platforms. A reported $2.47 million was stolen in the hack. The police authorities have suspended 24 members involved in the felony, following a nationwide investigation across eight of Turkey’s provinces. However, police raids could only recover $256,000 of the stolen $2.47 million. The authorities had been informed about the hack by the cooperation itself. In its primary report, it stated that a large amount of Bitcoin, Ethereum, and XRP had been stolen. However, the Istanbul Cybercrime Branch Officer later clarified that not one, but two firms’ cryptocurrencies were compromised, amounting to a total of 13 million lira. The funds were transferred from the company wallets to the digital wallets controlled by the hackers. The official police report has also confirmed that the felons had been communicating with each other using the popular battle royale video game called Player Unknown’s Battlegrounds, or popularly known as PUBG. The incident, which highlights yet another case of a firm’s compromised security, has raised a lot of questions and reactions. A Redditor, bitcoin_master, commented: “It is safest for one to protect their Bitcoin and other digital assets by taking responsibility for securing their own financial capital and keep a check of their own private key.” The post $2.47 million in cryptocurrency stolen from Turkish firm by hackers communicating through PUBG appeared first on AMBCrypto.

5 days ago


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