Horizen

Horizen ZEN

$5.94
Market Cap $ 59.242 MM (#169)
24h Volume $ 2.125 MM
Chg. 24h: -2.34%
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Horizen News

🌊 Shh... Quiet! It's Zen time for our liquid friend - Water....

🌊 Shh... Quiet! It's Zen time for our liquid friend - Water. Surrounded, by an impenetrable shield, she will protec… https://t.co/xs5XbGJalO

3 months ago

We’re excited to announce that Horizen (ZEN) is now listed i...

We’re excited to announce that Horizen (ZEN) is now listed in our Marketplace. Metal Pay users can now buy and se… https://t.co/Wwz92EYhWz

5 months ago

Crypto Rating Council Announces Three New Members and Five New Asset Scores

The Coinbase led Crypto Rating Council recently announced that it has added three new members to the publication along with five new asset scores. The new member entities include the cryptocurrency exchange OKcoin USA, the social trading network eToro USA, and the blockchain tech platform RADAR. These additions bring the council to a total of 11 industry partners that will contribute towards offering an analytical framework for crypto-assets that lines up with U.S. securities laws. The cryptocurrencies that were recently rated and added to their list include Cosmos (ATOM), Livepeer (LPT), Dash (DASH), Ethereum Classic (ETC), and Horizen (ZEN). (JF)

8 months ago

Daily Berminal Brief: Crypto Market Climbs Higher on Sunday with Small Gains for Top Coins

The overall crypto market crept higher on Sunday with a majority of the top cryptos making small gains that have lifted the total market cap by $3 billion to its current valuation of $218.1 billion. The price of Bitcoin is up 1.13% on the 24-hour chart and currently trading at $8,171 while Ethereum is up 1.3% and trading at a price of $145.61. Out of the top 100 projects, the best performing coin over the past 24-hours has been Horizen (ZEN), currently up 12.31% and trading at a price of $10.03. Bitcoin dominance is currently at 68%. (JF)

8 months ago

Daily Berminal Brief: Crypto Market Sputters as Bitcoin is Rejected at the $7,500 Level

It was a sputtering Sunday in the cryptocurrency market as Bitcoin was twice rejected at the $7,500 level bringing the total market cap to less than $1 billion higher on the 24-hour chart and currently valued at $196 billion. Bitcoin is currently trading at a price of $7,391, an increase of 0.36% on the 24-hour chart while Ethereum is up 4.31% and trading at a price of $134.69. Out of the top 100 projects, the best performing asset over the past 24-hours has been Horizen (ZEN), currently up 11.01% and trading at a price of $7.40. Bitcoin dominance is currently at 68.3%. (JF)

9 months ago

Daily Berminal Brief: Crypto Market Takes a Hit on Saturday as Bitcoin Falls Under Pressure

The overall crypto market has come under increased pressure on Saturday as the total market cap has seen a drop of $4.4 billion over the past 24-hours to its current value of $193.5 billion. The price of Bitcoin has taken a hit on the 24-hour chart, currently down 2.21% and trading at a price of $7,107, while Ethereum has declined by 1.98% and is currently trading at a price of $141.98. Out of the top 100 projects, the best performing coin over the past 24-hours has been Horizen (ZEN), currently up 8% and trading at a price of $6.48. Bitcoin dominance is currently at 66.5%. (JF)

9 months ago

Daily Berminal Brief: Crypto Market Falls Under Pressure as It Heads Into Tuesday

After maintaining a steady level throughout most of Monday with hints of heading higher, the overall crypto market came under pressure later in the trading day which lead to a $4 billion decline in the total market cap to the $200 billion level. Bitcoin is currently trading at a price of $7,419, a decrease of 1.46% on the 24-hour chart, while Ethereum is currently down 2.07% and trading at a price of $147.65. Out of the top 100 projects, the best performing coin over the past 24-hours has been Horizen (ZEN), currently up 13.15% and trading at a price of $6.13. Bitcoin dominance is currently at 66.9%. (JF)

9 months ago

Diversified Crypto Fund Receives FINRA Regulatory Approval

Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly. Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss Bourse Fund Gains FINRA Approval Digital currency asset manager Grayscale Investments announced Monday that shares of its diversified crypto fund have been approved for public quotation by the U.S. Financial Industry Regulatory Authority (FINRA), a government-authorized nonprofit organization that oversees U.S. broker-dealers. Shares of Grayscale Digital Large Cap Fund (DLC) will be quoted under the symbol GDLCF on OTC markets. The company stated: This marks the introduction of the first publicly-quoted security in the U.S. deriving value from a diverse selection of digital currencies. Grayscale Digital Large Cap Fund’s holdings per share as of Oct. 11. DLC is an open-ended fund which “provides exposure to the top liquid digital assets through a market cap-weighted portfolio,” the firm described. As of Sept. 30, its components were a basket of five cryptocurrencies: 80.3% BTC, 9.9% ETH, 5.8% XRP, 2.2% BCH, and 1.8% LTC. The fund aims to cover 70% of the crypto market, and its components are reviewed on a quarterly basis. It currently has $15.7 million in assets under management and 3,194,900 outstanding shares. The fund has been offered as a private placement to accredited investors since February last year. “Shares created through DLC’s private placement become eligible to sell into the public market after a statutory one-year holding period under Rule 144 of the Securities Act,” the firm clarified. Single-Asset Funds Besides the aforementioned diversified product, Grayscale offers various single-asset investment funds that provide exposure to BTC, BCH, ETH, ETC, ZEN, LTC, XLM, XRP, and ZEC. As of Sept. 30, the firm managed approximately $2.1 billion in assets. Grayscale’s single-asset investment funds. Grayscale clarified that DLC is its fourth publicly-quoted investment product available to all investors with access to U.S. securities. The others are Bitcoin Trust (OTCQX: GBTC), Ethereum Trust (OTCQX: ETHE), and Ethereum Classic Trust (OTCQX: ETCG). Other investment funds are available to institutional and individual accredited investors. None of the funds are registered with the Securities and Exchange Commission (SEC), which has yet to approve the first bitcoin exchange-traded fund (ETF). Last week, the commission rejected the last high-profile proposal it was evaluating, which was filed by NYSE Arca Inc. for the Bitwise Bitcoin ETF. Earlier this month, Cboe BZX Exchange Inc. withdrew its proposal for the Vaneck Solidx Bitcoin Trust, which is now offered under Rule 144A. What do you think of Grayscale’s crypto funds? Let us know in the comments section below. Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Images courtesy of Shutterstock and Grayscale. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post Diversified Crypto Fund Receives FINRA Regulatory Approval appeared first on Bitcoin News.

a year ago

Monero [XMR] Hits a 6-Month Low as Major Exchanges Gear to Delist Privacy Coins

Monero [XMR], on Oct 14, fell to a 6-month low at $52.85 continuing with a downtrend which began almost a month ago. This downtrend, initiated by the news of XMR’s delisting from major crypto exchanges after the Financial Action Task Force (FATF) announced the “travel rule” for crypto exchanges, has resulted in a 35% dip in XMR’s price in less than a month. XMR Hits $82.85 to Record a 6-Month Low on Oct 14 The news of the implementation of FATF’s travel rule seems to have hit XMR rather gravely as OKEx announced its plan of delisting XMR on September 10. XMR, which was at nearly $76 plunged and closed at $72.23. However, buying resumed the next day and XMR jumped back to $74.41 after hitting a low of $70.16. It continued to climb up the charts till Sept 19, hitting $81.76. However, it could not sustain above the $80 mark for long and came crashing down to $72.92 on September 20. The downtrend which began on Sept 20 has pushed XMR price to the present $50 zone. Monero 6 month chart | source: CoinStats FATF’s “Travel Rule” - Killer of Privacy Coins? The FATF is an intergovernmental organization, comprising of 39 member countries, whose aim is to develop policies to combat money laundering. The FATF’s travel rule dictates cryptocurrency exchanges, some digital wallet providers and other firms to share customer data such as names and account numbers with institutions involved in receiving fund transfers. In other words, the rule demands virtual currency companies to behave like banks that share customer information with each other for wire transfers. OKEx was among the first major exchanges which announced that that it will delist privacy coins - Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) from its platform. The design of these privacy coins makes it impossible for OKEx to verify the identities of the senders and receivers, resulting in non-compliance with FATF’s travel rule. OKEx was supposed to withdraw transaction support for these coins on the 10th of October, and stop withdrawal services on the 10th of December 2020. At the moment, all the coins except for SBTC are available on OKEx for spot trading. South Korean exchange Upbit is another exchange that announced its plans of delisting privacy coins including Monero (XMR), Dash (DASH), Zcash (ZEC), Haven (XHV), Bittube (TUBE), and PIVX (PIVX). In August, Coinbase also revealed that it is dropping support for Zcash. ZEC and DASH - Price Update ZEC has also been on a downtrend since the end of June. On 30th June, ZEC stood at $114. It began Q2 2019 by plunging to $96.69. The downtrend has continued and ZEC is now trading at $37, reducing to almost a third of its value at the beginning of Q2. DASH had witnessed similar price movement. From peaking at $187.54 on June 26, it began Q2 on a bearish note at $156.42. In the time between the beginning of Q3 2019 and Q2 2019, it plunged further, losing over 50% of value to trade around the $70 mark. The coin is presently trading around at $71 at the time of writing this article. Is this the end of Monero? Will FATF’s travel rule lead to all crypto exchanges delisting privacy coins? Let us know what you think in the comments below! The post Monero [XMR] Hits a 6-Month Low as Major Exchanges Gear to Delist Privacy Coins appeared first on Coingape.

a year ago

Cryptocurrency Exchange OKEx Korea Delists XMR, DASH, ZEC, ZEN, SBTC

Cryptocurrency exchange OKEx Korea announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading as of today, Oct. 10. Per the Oct. 2 announcement, the assets have been delisted today. A previous version of the announcement was published on Sept. 10. That being said, since then the support for privacy coins ZEC and DASH has been defined as temporarily suspended due to regulatory concerns. Regulatory concerns over privacy coins More precisely, OKEx Korea reports having received a request to end the transaction support and review the compliance with the ‘Travel Rules’ according to the Financial Action Task Force recommendations. The exchange promised that the final decision concerning the support of DASH and Zcash will be announced at a later date in a separate announcement. Delisting of privacy coins over regulatory concerns is nothing new. In September, South Korean cryptocurrency exchange Upbit announced that it would stop trading for six cryptocurrencies, including some so-called privacy coins. Other recent delistings Also in September, major cryptocurrency exchange Binance announced that it is removing about 30 trading pairs from its platform. Interestingly, six of those trading pairs involved tokens launched on Binance Launchpad — its initial exchange offering platform. As Cointelegraph reported yesterday, crypto exchange Poloniex has announced that it is delisting six digital currencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC).

a year ago

Top-20 Coins Experience Downward Trend, BTC Sticks Near $8,600

Thursday, Oct. 10 — Following an impressive rally yesterday, major crypto markets have slowed to trade in the red over the past day. Bitcoin (BTC) has stuck to $8,600, while other major coins are experiencing a downward trend. Cryptocurrency market daily overview. Source: Coin360 After jumping from an intraday low of around $8,200 up to nearly $8,600 yesterday, Bitcoin has been hovering around that price mark over the past 24 hours, posting a daily high of $8,677 and low of $8,466. At press time, the leading coin is trading at around $8,576, down 0.34% on the day. Meanwhile, the trading volume of BTC futures on the Intercontinental Exchange’s Bakkt platform reportedly soared to 224 contracts on Oct. 9 — 796% higher than the previous day, representing an all-time high for the platform. Bitcoin 24-hour price chart. Source: Coin360 Top altcoin Ether (ETH) has lost about 0.18% during the past 24 hours and is trading at around $191.84 at press time. In terms of its weekly performance, the altcoin has remained relatively quiet, with moderate gains and losses. As he said at a conference earlier in the day, the chairman of the United States Commodity Futures Trading Commission believes Ether to be a commodity — and that ETH futures trading is becoming a reality. Ether seven-day price chart. Source: Coin360 XRP has experienced more notable losses over the past day, dropping by more than 3% to trade at around $0.273. The altcoin’s weekly chart is showing its price increasing by a respectable 9.35%, while its monthly gains are 5%. On Oct. 9, Cointelegraph reported that Ripple Labs, the administrator of blockchain payments network Ripple, came under criticism for allegedly misleading representations that it “discovered” — rather than created — the XRP token. XRP’s seven-day price chart. Source: Coin360 On the top-20 cryptocurrencies list, only Algorand (ALGO) and Tether (USDT) are trading in the green zone, up by 6.88% and 0.2% respectively. The biggest losers on the day among the top-20 coins are Chainlink (LINK) and Ethereum Classic (ETC) with losses of 4.22% and 3.78% respectively. Earlier today, cryptocurrency exchange OKEx announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading on its platform. OKEx reports having received a request to end the transaction support and review the compliance with the ‘Travel Rules’ according to the Financial Action Task Force recommendations. Keep track of top crypto markets in real time here

a year ago

Monero Delisted from OKEx, Privacy Coins Zcash, Dash Under Review

The South Korean division of Malta-based digital asset exchange OKEX has suspended the delisting of two privacy-oriented cryptocurrencies due to new regulatory guidelines released by the Financial Action Task Force (FATF). The planned suspension of Zcash (ZEC) and Dash (DASH) is currently being reviewed, according to a blog post on OKEx’s official website. OKEX first revealed its plans to delist five privacy-focused digital currencies - also including Monero (XMR), Horizen (ZEN) and Super bitcoin (SBTC) - in September 2019. The exchange operator noted that FATF’s controversial “travel rule” for virtual asset service providers (VASPs) has outlined how financial regulators must monitor the crypto industry. According to FATF’s travel rule, digital asset exchanges must collect and share relevant information related to transaction monitoring, including the real name and address of the sender and recipient of cryptocurrencies. Monero, Horizen and Super Bitcoin will be delisted from OKEx’s platform by October 10, OKEx confirmed. A final decision regarding whether Zcash and Dash should also be delisted will be announced after the exchange completes its compliance review process. In statements shared with CoinDesk, Josh Swihart, VP of marketing and business development at the Electric Coin Company, the firm behind the development of Zcash, stated that his company has been working cooperatively with OKEx’s management since September, when the delisting announcement was first made. Swihart noted: “Zcash is entirely compatible with all FATF recommendations including the travel rule. We’ve been working with OKEx and others in S. Korea and happy to hear that OKEx has decided to take additional time to further evaluate Zcash support based on newly available compliance information.” Following FATF’s announcement, digital asset exchanges have been facing increased pressure to halt support for privacy-oriented cryptos. San Francisco-based exchange Coinbase halted Zcash trading on its UK-based platform in August. A source familiar with the matter said that the move was part of a decision to establish a new banking relationship with ClearBank after Barclays decided to stop providing its services to the exchange. South Korea-based crypto exchange Upbit has also delisted Zcash. The Electric Coin Company has been lobbying regulatory authorities and lawmakers over its cryptocurrency, Swihart said. According to a notice on regulation and compliance published in September 2019: “Zcash was designed to protect consumers’ financial privacy while retaining compatibility with global AML / CFT standards, including the FATF Recommendations that were adopted in June 2019. Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations.”

a year ago

Loss of GBTC Premium Points to Institutional Fatigue

The premium of GBTC, or the price of Bitcoin within the Grayscale investment vehicle, slid to a seven-month low. The indicator may reveal fatigue coming from either institutional investors or a wider pool of retail buyers. Grayscale Bitcoin Fund Points to Lower Demand The Grayscale Bitcoin Trust holds partial reserves of bitcoin wrapped in an investment product. Due to the nature of GBTC demand, there is often a slight premium to BTC market prices. Currently, the premium is the lowest in seven months, despite the overall positive performance of bitcoin in 2019. Institutions can capitulate? GBTC premium is at 7 month low. pic.twitter.com/7rdjurq3nf — CL (@CL207) October 4, 2019 GBTC shares traded on the open market also create a pattern that may point to the prevailing BTC mood. The divergence between bitcoin’s native value and GBTC points to bullish periods, while a shrinking premium and a convergence with BTC is a bearish indicator. In the past three months, bitcoin prices slid gradually, abandoning several tiers. BTC crashed under $12,000 and stabilized around $10,000. Later, BTC price found a new bottom at above $7,800 and went on to stabilize above $8,100. On October 4, bitcoin stood at $8,157.98. Bitcoin price is still not completely bearish, but this time looks closer to newly predicted lows around $6,000. As BTC failed to rally more than once to peak prices this year, the enthusiasm for GBTC also diminished. GBTC shares fell on the OTC market, from above $16 down to $9.75 as of October 4. Inflows Trend from June 2019 In Reverse Grayscale also saw its assets under management shrink from their all-time high in July, when they reached $2.7 billion. Per the latest report, the funds now contain $2.1 million in assets. 10/03/19 UPDATE: Holdings per share, net assets under management and digital assets per share for our investment products. Total AUM: $2.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/4KYMUy0px7 — Grayscale (@GrayscaleInvest) October 3, 2019 Along with the outflow in funds, the general interest in bitcoin has fallen from June’s peak, based on Google Trends. The current trend is a total reversal of the inflows of institutional funds in June when Grayscale even joined the movement to drop gold in favor of digital coins. Grayscale currently offers investment in ZCash (ZEC) and Horizen (ZEN), two assets that were met with a series of problems of late. Anonymous coins are getting delisted from exchanges, and on top of all, the projects also revealed a bug that could de-anonymize the senders and receivers. What do you think about Grayscale’s performance? Share your thoughts in the comments section below! Images via Creative Commons, Twitter: @CL207, @GrayscaleInvest The post Loss of GBTC Premium Points to Institutional Fatigue appeared first on Bitcoinist.com.

a year ago

Crypto Investment Group Grayscale Releases Bitcoin Cash Primer

Crypto investment firm Grayscale has just released “An Introduction to Bitcoin Cash” highlighting the basics of BCH for those who may be yet unfamiliar, or just wish to brush up on the popular token forked from Bitcoin Core on August 1, 2017. With a significant reputation in the industry, Grayscale’s release of the document marks yet another important milestone in BCH recognition and adoption worldwide. Also Read: Ohio Removes Option to Pay Taxes With Crypto While Local SLP Project Presses Forward Grayscale Talks Bitcoin Cash Grayscale Investments is a well-known firm in the crypto space, creating and managing billions in cryptocurrency investment trusts. A subsidiary of the Digital Currency Group, Grayscale announced in August that it would utilize Coinbase Custody’s services for storing underlying digital assets. Grayscale offers investment trusts in BTC, BCH, ETH, ETC, ZEN, LTC, XLM, XRP, and ZEC, as well as a diversified option. The newly released document, “An Introduction to Bitcoin Cash,” is a 14-page overview of the bitcoin cash token covering topics such as history, defining characteristics, differences between BCH and BTC, and advantages and potential disadvantages to BTC. The intro to the report notes: Bitcoin Cash is one of the most successful hard forks of Bitcoin. Like its predecessor, Bitcoin Cash is a decentralized, peer-to-peer (P2P) digital currency and payment network supported by an open-source blockchain protocol. Citing the implementation of Segwit and the Lightning Network, the report notes that “Bitcoin’s solution to the scalability issue was met with some resistance due to the removal of digital signatures as previously described in the Bitcoin whitepaper, leading to the simultaneous creation of the Bitcoin Cash blockchain.” Advantages and Potential Disadvantages The main advantage of Bitcoin Cash over Bitcoin Core, according to Grayscale, is that on-chain scalability ultimately lowers transaction fees and encourages adoption. The report states: As of September 30, 2019, the average fee for a Bitcoin Cash transaction was $0.002 USD, compared to Bitcoin, which was $1.07 USD. Furthermore, the 32 MB block size limit for Bitcoin Cash allows for approximately 106 on-chain transactions per second versus seven for Bitcoin. The potential disadvantages of BCH when compared to BTC are identified as level of decentralization, low adoption and regulatory uncertainty. As for the regulatory uncertainty aspect, the report seems slightly misleading. Grayscale states that “To date, the SEC has only identified two digital assets, Bitcoin and Ethereum, for which it does not intend to take the position that they are securities,” noting that Bitcoin Cash runs the risk of being viewed as such by SEC guidelines. However, according to U.S. Securities and Exchange Commission (SEC) Director of the Division of Corporation Finance, William Hinman, no such solid statement of intent actually stands. In a June, 2018 speech Hinman clarified: “I would like to emphasize that the analysis of whether something is a security is not static and does not strictly inhere to the instrument. Even digital assets with utility that function solely as a means of exchange in a decentralized network could be packaged and sold as an investment strategy that can be a security. If a promoter were to place Bitcoin in a fund or trust and sell interests, it would create a new security.” Decentralization debates continue concerning both the Bitcoin Core and Bitcoin Cash networks, with large mining takeovers being one of the top concerns. Another point of potential trouble cited by the report is Bitcoin Cash’s large block size, which some presuppose may “introduce the possibility that less node operators have the resources to run BCH software, thereby potentially increasing the risk of further centralization.” Advocates for Bitcoin Cash respond conversely that the “don’t spend, just hodl” mindset and high transaction fees promoted by BTC maximalist camps have a more detrimental effect, repelling would-be adopters (less nodes), and centralizing network power away from everyday users of Satoshi’s “purely peer-to-peer version of electronic cash.” Summary The Grayscale report closes with praise for the BCH network: Over the last two years, Bitcoin Cash has shown continued resilience in the face of adversity, making it difficult for investors to ignore, and proving that it can coexist alongside Bitcoin. To many in the space, Bitcoin Cash is Bitcoin, but flippant discussions in this vein usually risk unnecessary contention and squabbling. As always, the free market is the final proving grounds for any asset, and where the original Bitcoin white paper is concerned, what the market needs according to Satoshi Nakamoto is a peer-to-peer, permissionless electronic cash. What are your thoughts on Grayscale’s Bitcoin Cash report? Let us know in the comments section below. Image credits: Shutterstock, fair use. Did you know you can buy and sell BC

a year ago

OKEx Official Denies BTI’s Allegations of Wash Trading

Blockchain Transparency Institute (BTI) recently released its Market Surveillance Report for the third of 2019. The report highlights the percentage of wash trading happening on major exchanges including Binance, Gemini, Bitflyer and OKEx. According to the report, OKEx is among exchanges with over 99.7% of its volume made up by wash trading. OKEx’s Head of Operations Andy Cheung has denied the allegations and condemned the report on Twitter. BTI’s Surveillance Report is False Claims, Andy Cheung Andy Cheung took to Twitter today and claimed that OKEx was not involved in any wash trading and that the BTI report was false. We are NOT involved in and do NOT tolerate any wash trading activities at @OKEx. The @BTI___ surveillance report is FALSE. — Andy Cheung (OKEx) (@AndyC0125) September 23, 2019 He further said that the methodology used by BTI was questionable as the company had not revealed how it had arrived at those figures on wash trading. He even mocked BTI saying that the institute did not seem very transparent on their website. On calculating trading volume, Cheung elaborated that the unique market structure of cryptocurrencies called for a comprehensive methodology to yield accurate results, implying that BTI’s methodology was insufficient. He also explained that OKEx was different from retail-oriented exchanges because its clientele included professional trading firms, proprietary traders, and high-frequency trading firms. Community Supports Cheung Crypto Twitter seems to be in agreement with Cheung, criticising BTI for creating FUD. Crypto influencer Mia Tam lashed out against BTI claiming that they were “paid fudders”. Source: Twitter Other members of the crypto Twitter also stood by OKEx, refusing to buy BTI’s allegations. Source: Twitter OKEx isn’t the only exchange that has questioned BTI’s methodology. Tai Zen, CEO of Cryptocurrency.The market also asked if BTI had access to exchange’s order books and matching engines. BTI responded by saying that it had over a year of data from exchanges. However, Zen wasn’t convinced and said that one couldn’t find out about trades that are washed simply by looking at exchanges’ public order books, price charts & time and sales. Are the exchanges giving you access to their order books and order matching engines cuz I do not see how you can determine their wash trading without access to it? — Tai Zen (@HeyTaiZen) September 21, 2019 Binance, Gemini and Bitflyer Among the Cleanest Exchanges According to BTI’s report, Binance, Kraken, Coinbase, Upbit, Gemini and Bitflyer are among the cleanest exchanges with a very low volume of wash trading. According to the BTI report, Binance now has under 10% wash trading after nearly 20% wash trading in the first few months of 2019. Gemini has also improved significantly, lowering the percentage of wash trading from around 15% to lesser than 10% now. The post OKEx Official Denies BTI’s Allegations of Wash Trading appeared first on Coingape.

a year ago

DigiByte Founder Blaims Binance Team For Placing Unfair Demands To List DGB, CZ Responded

DigiByte Founder, Jared Tate has alleged that Binance Team has asked for an incredulous amount of funds and stakes in Digibyte for listing it on Binance. Is Listing DigiByte A Costly Affair? DigiByte Founder recently took to Twitter and said that he did a video call with the Binance Team a few weeks back, for the purpose of listing Digibyte on Binance. Reportedly, the team laid out the conditions, which included, $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. To which Tate said that it was not possible with a truly decentralized blockchain like DigiByte. Source- Twitter Furthermore, he stated that the firm lacked funds and had zero ability to fund such a requirement. To which the “BNB Team’ said that they would get back to him. Moreover, he claimed that he said he is tired of answering people that when will the coin be listed on Coinbase or Binance. Source- Twitter While it is likely that his claims are backed by truth, there are no solid proofs to substantiate his claims, as he was on a video call. His tweet garnered several responses from the crypto community. Trader and Analyst, Crypto Bitlord, questioned Tate that was he sure that he contacted the right team? It could have been well a group of scammers trying to gain cryptos. He further questioned how could his claims be verified? Source- Twitter Another twitter user Shariq explained that in order to reach a massive user base huge costs must be incurred to engage and keep the audience attached. Source- Twitter A user with Twitter handle “Crypto Moon” said that this was primarily the reason why DigiByte continues to suffer and lose its value. The reason being any big exchange will not list low volume coins. Source- Twitter Tai Zen, another user further advised the Founder on finding an alternative solution and said that the demand was pretty normal. Source- Twitter Binance CEO Responds on it that he don’t want to get him into it, lol, interesting (in a fk’ed up way). I think he specifically does NOT want DGB listed on Binance. not gonna waste any time on these types of guys. There are more interesting things to do in life. Moving on... — CZ Binance (@cz_binance) September 21, 2019 Scammer Alert Interestingly, the first tweet on Binance’s official twitter handle mentions users to be aware of scammers and not send coins directly to any address for any reason. Source- Twitter Well, a large portion of the crypto community seemed to place their trust and Binance and refuting Tate’s claims. The truth behind the whole scenario is yet to be revealed. Is it just a measure to get publicity and create hype among audiences? Or is there an iota of truth behind his claims? The post DigiByte Founder Blaims Binance Team For Placing Unfair Demands To List DGB, CZ Responded appeared first on Coingape.

a year ago

Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns

South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins. Block the possibility of money laundering In a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX by Sept. 30. The exchange added that it will no longer support deposits in these cryptocurrencies and will cancel orders requested before the end of the transaction support in Korean won, Bitcoin (BTC), Ether (ETH) and USDT markets. Upbit clarified that the reason for delisting these six privacy coins is to block the possibility of money laundering and the inflow from external networks. Upbit follows in OKEx’s footsteps This news comes just days after the South Korean arm of cryptocurrency exchange OKEx, OKEx Korea, removed support for five major altcoins due to new international regulations. OKEx Korea confirmed it would halt trading of Monero, Dash, Zcash, Horizen (ZEN) and Super Bitcoin (SBTC) on Oct. 10. The reason being that as since they are focused on privacy, the coins fall foul of new guidelines set out by the intergovernmental body the Financial Action Task Force, or FATF. The FATF is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. While it is not mandatory for nations to comply with their recommendations, it could see non-compliant nations end up on a financial blacklist. More exchanges could follow As Cointelegraph previously reported, the sweeping changes to crypto transaction rules demand businesses to identify the two parties sending funds to each other if a transaction is worth more than around $1,000. More than 200 countries should theoretically implement the rules by June 2020, despite concerns that doing so is physically impossible for many decentralized blockchains.

a year ago

Privacy Coins Must Change to Survive as Delistings Loom

Privacy coins are facing a threat over the latest regulatory requirements for transparency. Relatively well-accepted assets like Dash (DASH), Monero (XMR), and ZCash (ZEC) will have to comply with almost impossible demands, reported Bloomberg. Anonymity Gets Discouraged Coins that allow the obscuring of transactions and offer wallets with anonymity features may be the next target of regulators. For DASH, XMR, and ZEC, this may be especially damaging, as the three assets are just picking up with new roles within the crypto space. Skepticism about the coins follows a larger trend of discouraging anonymous uses and coin mixing. DASH, for instance, already trades on Coinbase Pro, though without the anonymous features. In general, traders that send anonymous coins to exchanges have to de-anonymize them so that they can be added to the balance of their account. But the origin of the coins before the deposit is impossible to track. In the case of DASH, the anonymous options are not used by everyone. ZEC and XMR also have ways to be de-anonymized on demand, sharing the information only with selected parties. On the other hand, the Bitcoin network is easier to audit and monitor, since destination addresses are visible and their balances are not veiled. This, however, generates another problem. For networks where the public addresses are known, accessible addresses can be attacked by “dusting”, ending up connected with dubious wallets and confusing blockchain investigators. OKEx Korea Parts Ways with Anon Coins in October Anonymous coins have been delisted from Japanese exchanges more than a year ago, first affected by local regulations. Now, OKEx Korea will also part ways with those three assets, and also Horizen (ZEN) and Super Bitcoin (SBTC). OKEx Korea will have to delist Monero XMR, Dash DASH, Zcash ZEC, Horizen ZEN & Super Bitcoin SBTC starting October.. https://t.co/KKqeMU41nn pic.twitter.com/iZJG4ODxaP — Bitcoin EDU (@BitcoinEdu) September 18, 2019 Projects like Bitcoin Private (BTCP), Verge (XVG), and other coins dedicated to secrecy may also be affected. After initial enthusiasm, the first cold winds for anonymous coins blew already in 2018. Instead of displacing Bitcoin (BTC), coins with anonymous features failed to gain the acceptance they had envisioned. Bytecoin (BCN), an earlier anonymous coin that gave rise to the Monero project, was also delisted from most exchanges after scandals with the founding team and high volatility. The OKEx delistings in October follow the decisions of Coinbase UK and CEX_io to drop DASH and ZEC. Despite the fact that DASH, XMR, and ZEC are highly liquid and relatively established projects, their fate is not encouraging. In the best-case scenario, anonymous coins will have to be used as regular, non-anonymous crypto assets. Projects that intended to include stealth mode in sending their coins may also see their efforts thwarted by the requirements of the Financial Action Task Force (FATF). What do you think about anonymous coins? Share your thoughts in the comments section below! Images via Shutterstock The post Privacy Coins Must Change to Survive as Delistings Loom appeared first on Bitcoinist.com.

a year ago

Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\

a year ago

Monero, Dash and Other Privacy Coins Delisted By OKEx Korea as ‘Violating FATF Travel Rule’

Coinspeaker Monero, Dash and Other Privacy Coins Delisted By OKEx Korea as ‘Violating FATF Travel Rule’OKEx Korea exchange has decided to delist five privacy coins: Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC). According to the exchange, they violate the Financial Action Task Force (FATF’s) ‘travel rule’.The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 with the aim to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. It is an international regulatory body that generates the necessary legislative and regulatory reforms and monitors the progress of its members in implementing necessary measures.In June of this year, FATF issued their final guideline concerning cryptocurrencies. The guideline provides standards combating money laundering and terrorism and includes the much-debated ‘travel rule,’ requiring exchanges to collect and transfer customer information during transactions and, if required, provide it to the concerned authorities. This information includes the originator’s name, account number, and location data, as well as the name and account number of the beneficiary.At that time, OKEx stated:“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns. Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”Privacy coins are coins that ensure the privacy and anonymity of its users. They rely on the same blockchain technology as cryptocurrencies like Bitcoin but handle information about transactions in a different way. Privacy coins conceal information about senders and receivers during transactions and hide data about wallet activity or at least offer this feature to users. That’s why they are delisted by the South-Korean unit of the leading OKEx exchange.An OKEx Korea spokesperson stated:“[Anonymity tokens] violate the laws of regulatory agencies and major institutions. The Financial Action Task Force (FATF) has recommended abiding by the Travel Rule, and we are taking steps to follow it.”According to the post by OKEx Korea which refers to Monero, Dash, Zcash, Horizen and Super Bitcoin as ‘dark coins’, the mentioned currencies will be delisted on October 10. The deadline for final withdrawals for the coins is set for December 10. By now, the decision has been taken only for the Korean unit.Other crypto exchanges may follow OKEx Korea in their decision. Earlier, Coinbase started delisting the privacy-based cryptocurrency ZCash from its platform for all the U.K customers. From August 26, users are unable to hold any ZCash balance.At that time, Coinbase explained this decision by the pressure from HM Revenue & Customs, the British tax authority, that required all the exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes.Monero, Dash and Other Privacy Coins Delisted By OKEx Korea as ‘Violating FATF Travel Rule’

a year ago

Monero, Dash and More Privacy Coins Delisted By OKEx Korea As ‘Violating FATF Travel Rule’

Coinspeaker Monero, Dash and More Privacy Coins Delisted By OKEx Korea As ‘Violating FATF Travel Rule’OKEx Korea exchange has decided to delist five privacy coins: Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC). According to the exchange, they violate the Financial Action Task Force (FATF’s) ‘travel rule’.The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 with the aim to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. It is an international regulatory body that generates the necessary legislative and regulatory reforms and monitors the progress of its members in implementing necessary measures.In June of this year, FATF issued their final guideline concerning cryptocurrencies. The guideline provides standards combating money laundering and terrorism and includes the much-debated ‘travel rule,’ requiring exchanges to collect and transfer customer information during transactions and, if required, provide it to the concerned authorities. This information includes the originator’s name, account number, and location data, as well as the name and account number of the beneficiary.At that time, OKEx stated:“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns. Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”Privacy coins are coins that ensure the privacy and anonymity of its users. They rely on the same blockchain technology as cryptocurrencies like Bitcoin but handle information about transactions in a different way. Privacy coins conceal information about senders and receivers during transactions and hide data about wallet activity or at least offer this feature to users. That’s why they are delisted by the South-Korean unit of the leading OKEx exchange.An OKEx Korea spokesperson stated:“[Anonymity tokens] violate the laws of regulatory agencies and major institutions. The Financial Action Task Force (FATF) has recommended abiding by the Travel Rule, and we are taking steps to follow it.”According to the post by OKEx Korea which refers to Monero, Dash, Zcash, Horizen and Super Bitcoin as ‘dark coins’, the mentioned currencies will be delisted on October 10. The deadline for final withdrawals for the coins is set for December 10. By now, the decision has been taken only for the Korean unit.Other crypto exchanges may follow OKEx Korea in their decision. Earlier, Coinbase started delisting the privacy-based cryptocurrency ZCash from its platform for all the U.K customers. From August 26, users are unable to hold any ZCash balance.At that time, Coinbase explained this decision by the pressure from HM Revenue & Customs, the British tax authority, that required all the exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes.Monero, Dash and More Privacy Coins Delisted By OKEx Korea As ‘Violating FATF Travel Rule’

a year ago

OKEx Korea Removing Support for All Privacy Coins

The South Korean subsidiary of the OKEx exchange revealed today that it will be removing support for its five privacy coins: Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC). The decision to delist the five coins was made as the cryptos were allegedly in violation of the Financial Action Task Force The post OKEx Korea Removing Support for All Privacy Coins appeared first on Coindoo.

a year ago

OKEx Korea delisting all privacy coins, including Monero, Zcash and Dash, as these ‘violate’ FATF’s ‘travel rule’

Cryptocurrency exchange OKEx’s Korea unit is delisting all five privacy coins - monero (XMR), dash (DASH), zcash (ZEC), horizen (ZEN) and super bitcoin (SBTC). The transaction support for the five coins will end on Oct. 10, while withdrawal services will stop on Dec. 10, OKEx Korea announced Monday. The exchange said the decision has been taken as these coins “violate” the Financial Action Task Force (FATF’s) "travel rule." In June, the FATF, the global money-laundering watchdog, issued its final crypto guidelines, retaining “travel rule,” which requires exchanges to collect and transfer customer information during transactions. The information includes originator’s name, his account number and location information, as well as beneficiary's name and his account number. OKEx Korea said privacy-oriented coins do not allow collecting such information, hence the end of the support for the five coins. It is possible that other crypto exchanges with fiat on-ramps will follow suit. The Block has reached out to OKEx to understand whether the decision has been taken only for its Korea unit or globally. We will update this article if a reply is received.

a year ago

Casos de uso da blockchain

Dentre as oito referências do whitepaper do Bitcoin, três delas levam os nomes de Stuart Haber e W. Scott Stornetta. Dentre elas está o artigo How to time-stamp a digital document (Como carimbar datas em um documento digital, em tradução livre) publicado em 1991. Claramente Haber e Stornetta estavam adiantados no tempo, o slide abaixo é de uma apresentação de 1993, onde eles apresentam casos de uso do seu sistema de integridade de documentos, incluindo registros de auditoria, cartório, laboratório, negociações de bolsas, bem como certificados criptográficos, fotos, transferências de fundos, entre outros. Slide de uma apresentação de Stornetta e Haber para uma empresa de investimento em 1993, listando as áreas em que seu livro-razão imutável distribuído poderia ser aplicado. Fonte: breakermag A primeira Blockchain Em 1995 eles criaram seu serviço de timestamping chamado Surety, seu produto principal, o AbsoluteProof tem como objetivo atuar como um selo criptograficamente seguro para documentos digitais. Todos estes selos são enviados para um banco de dados universal que é uma hash-chain, em outra palavra... Blockchain! Seu modelo de funcionamento é inteligente, a Surety gera o hash de todos selos novos adicionados a cada semana e publica-o no jornal New York Times como um anúncio pequeno, desde 1995! É um jornal que imprime meio milhão de cópias diariamente, então seria preciso criar um jornal falso e imprimir um maior número de cópias para comprometer a segurança desta chain. #td_uid_1_5d4ae84867edd .td-doubleSlider-2 .td-item1 { background: url(https://livecoins.com.br/wp-content/uploads/2019/07/2-80x60.jpg) 0 0 no-repeat; } #td_uid_1_5d4ae84867edd .td-doubleSlider-2 .td-item2 { background: url(https://livecoins.com.br/wp-content/uploads/2019/07/3-80x60.jpg) 0 0 no-repeat; } 1 de 2 Haber segurando o NYT de 2018 contendo o hash dos registros semanais O Bitcoin 14 anos depois, surgia o sistema de dinheiro eletrônico ponto-a-ponto, o Bitcoin! A influência de Haber e Stornetta em Satoshi são evidentes, a Surety inclui seus hashs em um jornal, já Satoshi incluiu a manchete de um jornal na coinbase do bloco gênesis, esta noticiava que o chanceler estava à beira de salvar os bancos pela segunda vez. The Times 03/Jan/2009 Chancellor on brink of second bailout for banks Satoshi precisava de um incentivo para que as pessoas mantivessem uma cópia do Bitcoin, seu modelo gerou um bom marketing, começando pelo fato de se tratar de dinheiro, então à relação com a mineração de ouro, e também o modelo desinflacionário, no qual as recompensas por bloco são reduzidas pela metade a cada 210.000 blocos. Embora o BTC não tivesse valor na época, o atrativo foi bom a ponto de manter o Bitcoin vivo e seguro. “Você escreve sobre sexo ou dinheiro se quiser atrair atenção imediata” Stornetta Com o passar do tempo, o bitcoin começou a ganhar valor, 5005 BTC foram vendidos por 5,02 USD, então cada BTC valia ~0,001 USD, logo passou a valer 0,39 USD, após isso tivemos um marco histórico, 1 bitcoin valia o mesmo que 1 dólar e desde então o preço continua subindo. Veja aqui o histórico de preço do Bitcoin. Tal efeito atraiu muitos especuladores e ainda é o principal atrativo para o público em geral, que utiliza-o como ativo de especulação, e não como meio de pagamento. Um dos mistérios sobre Satoshi é sua identidade, outro maior ainda é o seu sumiço, afinal estima-se que ele possua 1 milhão de bitcoins, equivalente a 36 bilhões de reais na data desta redação, o que o torna uma das pessoas mais ricas do mundo. Pela falta de movimentação de tais bitcoins, ou Satoshi é a pessoa mais zen do mundo ou está morto... Ou está preso, ou derreteu seu HD no microondas, ou... Bom, as teorias são muitas. O Bitcoin atraiu olhares e dinheiro, as mentes mais curiosas começaram a criar projetos baseados no modelo do Bitcoin, o mais notável em relação a casos de uso é o Ethereum. Proposto em 2013 por Vitalik e lançado em julho de 2015, o Ethereum não surgiu como um concorrente direto do Bitcoin (embora seja), e sim como um supercomputador global, uma plataforma para aplicativos descentralizados. Além disso, Vitalik também se inspirou em Nick Szabo e deu vida aos contratos inteligentes. Com a possibilidade da criação de tokens em uma blockchain de forma simples e barata, muitos projetos em diferentes áreas começaram a aparecer, um token pode representar diferentes classes de ativos, como vamos explorar a seguir nos casos de uso. Cassinos Neste caso, um token pode ter duas funções: Servir como as fichas do cassino, para você fazer uma aposta, você precisa comprar este token, bem como receberá este token como prêmio. Servir como as ações do cassino, ou seja, quem possui tal token tem direito aos lucros da casa. Além dos tokens, o cassino pode rodar em um

a year ago

CD Mid-Cap Index Inches Lower as Bitshares (BTS) Off 8.0%

The CryptoDaily 21 Leaders Cryptocurrency Index gained marginal ground to 54.11 on Sunday from 54.06 on Saturday, a 0.09% improvement. The 21 Leaders Index is down 2.43% over the past 7 days and is up 11.04% over the past 30 days. Chainlink (LINK) fell 6.6% to a market capitalisation of US$ 1.21 billion as traders booked profits following recent Coinbase and Coinbase Pro listing news. Cosmos (ATOM) came off 6.5% and Monero (XMR) declined 5.1%. The CryptoDaily Large-Cap Cryptocurrency Index inched higher to 37.69 on Sunday from 37.60 on Saturday, a 0.24% expansion. The Large-Cap Index is up +0.78% over the past 7 days and is up +16.94% over the past 30 days. BitTorrent (BTT) increased 1.5% to a market capitalisation of US$ 284.32 million as traders reacted to news that BitTorrent Speed will enable faster downloads and seeding for 100 million+ users in 139 countries. Basic Attention Token (BAT) improved by 0.5% while Decred (DCR) was off 8.4%. The CryptoDaily Mid-Cap Cryptocurrency Index slumped a little to 48.82 on Sunday from 48.95 on Saturday, a 0.26% reduction. The Mid-Cap Index is down 5.15% over the past 7 days and is off 2.18% over the past 30 days. Dent (DENT) led the decliners with a 15.6% fall to a market capitalisation of US$ 107.89 million. BitShares (BTS) depreciated 8.0% while Horizen (ZEN) improved by +0.5%. The CryptoDaily Small-Cap Cryptocurrency Index rallied to 2.89 on Sunday from 2.85 on Saturday, a 1.40% improvement. The Small-Cap Index is off 3.99% over the past 7 days and is off 3.99% over the past 30 days. Celer Network (CELR) reversed some recent gains and was off 8.7% to a market capitalisation of US$ 48.34 million. Storj (STORJ) contributed to gains with a +7.9% gain while Syscoin (SYS) led leggards with a 10.4% weakening.

a year ago

Why New Exchanges are Positive for the Crypto Market and Crypto Users

Coinspeaker Why New Exchanges are Positive for the Crypto Market and Crypto UsersHowever, it’s worth examining the decentralization argument in light of the current state of the exchange market. Coinmarketcap now tracks 259 crypto exchanges, both centralized and decentralized, and the number is growing steadily.For a market of around 36 million users, 259 exchanges represent a vast amount of choice. Even if you disregard exchanges with less than $1m in daily trading, there’s still more than 150 to choose from. Compare this to online retail, social media, or internet searches — all of which are dominated by single players so big, they don’t even need naming.In contrast, the long tail of the crypto exchange market is what helps keep crypto prices subject to the laws of supply and demand. The entire crypto space remains free of control by central banks or major financial institutions.Binance CEO Changpeng Zhao heads up one of the world’s biggest crypto trading platforms, and he is open in his recognition of the need for healthy competition in a flourishing crypto ecosystem. Recently, he tweeted his vote of support for a new exchange listing its token on the freshly-launched Binance blockchain.The Challenge of Attracting UsersA buzzing crypto exchange market has another happy benefit for users apart from plenty of choice over where to trade. With so much competition, exchanges must stand out from the crowd. This means they are continually inventing new ways of attracting users and repeat business.Perhaps the reason CZ is so zen about the idea of competition is that his exchange does better than most in this regard. Binance was the trailblazer of the exchange token, having launched its BNB coin in 2017. It’s become one of the most successful coins, having increased in value by over six times in as many months from December 2018 to June 2019. Since then, other exchanges, including KuCoin and Huobi, have launched similar offerings.The Airdrop ContestNewer exchanges also have some compelling offers designed to attract new users. Typically, a new trading platform will allocate part of its marketing activities to an airdrop contest. Individuals compete for the chance to win some free cryptos, usually by helping to promote the exchange. Winners use their winnings to make a few trades on the exchange. It’s a win-win scenario, as the users get some free cryptos and the exchange gets the promotional benefits plus an active user base helping to contribute liquidity.XCOEX is one such example of a new exchange launching with its own airdrop contest. For the month of June, XCOEX is giving away $30,000 worth of Bitcoin Cash. Each day, one user will be selected at random and will receive $1,000 in BCH to their account.To be eligible to participate, users must have an account with XCOEX with a minimum deposit of $20. Then, they should follow the XCOEX Twitter account, and join the XCOEX Telegram group. That’s it. Each lucky winner can then withdraw their funds once they’ve made a minimum of five trades on the XCOEX exchange platform.XCOEX is a brand-new exchange, licensed in Estonia. The company aims to make it as fast, easy, and painless as possible to buy and sell cryptocurrencies. The interface is designed to be simple and intuitive, available via desktop or smartphone apps. The verification process is fast, so new users can be up and running in no time.Fiat trades are supported, and users can make deposits or withdrawals using their bank cards. All major cryptocurrencies are supported with more altcoins to be added in time. Users have access to a free, built-in wallet and accounts are subject to 2-factor authentication to ensure security. Funds are held offline in cold storage.Closing ThoughtsRelatively speaking, the crypto exchange market is in a great place right now. The crypto markets are up, and new users are flocking in. This creates plenty of opportunities for new players to enter and seize their share of the growth in users. Meanwhile, with so many exchange options available, crypto enthusiasts are spoiled for choice.Why New Exchanges are Positive for the Crypto Market and Crypto Users

a year ago

GCR Workshop #2: Blockchain Gaming in Asia with CryptoKitties Benny Giang

In case you missed it, we are excited to announce that after many conversations and ongoing feedback with our subscribers and community in the last few months, Global Coin Research is introducing a weekly learning workshop series for our subscribers. Every week, experts in the industry will be sharing with us practical advice and strategies on some of the most popular topics and questions relating to Asia cryptocurrency and Blockchain. Our expert guests will be answering questions that many projects and individuals outside of Asia has, including: How do initial exchange offerings work?What is the best approach to bring blockchain games to Asia?What are the most common mistakes when speaking to local exchanges? How and where do we raise smart money in Asia?What are the best Asia markets for DeFi?and more... And we start next week, on a weekly basis. It will be a live and interactive workshop and our subscribers will be able to ask questions to the experts. If there are topics that you’d like to learn more about, please email us and we’ll take note! Become a premium member now. As a member, you’ll get immediate access to our workshops series. You’ll also get access to all the Global Coin Research resources and analyses including access to future event discounts and the most important crypto information about Asia delivered to your inbox. For our second session, we are delighted to have Benny Giang, co-founder of CryptoKitties, to give us a workshop on Blockchain Gaming in Asia. Benny will discuss: Which countries in Asia have a vibrant blockchain gaming community? What kind of games are there locally? How can companies from the West enter these gaming communities? and more... About Our Guest: Benny Giang founding team member of Dapper Labs/CryptoKitties led the Asia expansion initiatives for the company. Working with the team to form a strategic partnership with Animoca Brands in Hong Kong and collaborating with blockchain communities from China, Hong Kong, Taiwan, Singapore, Korea, and Japan. He established the core gaming community for CryptoKitties on WeChat and QQ as well as building an ambassador program. He will discuss his learnings in China around blockchain gaming and a quick overview of the tech/crypto industry within China. About Dapper Labs/ CryptoKitties: Dapper Labs is the company behind CryptoKitties. Formed in February 2018, Dapper Labs was spun out of Axiom Zen to bring the benefits of decentralization to the first billion consumers through the power of play, fairness and true ownership. Notable investors in Dapper Labs include Andreessen Horowitz, Union Square Ventures, Venrock, Alphabet’s GV (formerly known as Google Ventures), and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others. Details of the Workshop Date: Next Thursday, June 13th, 2019 Time: 1pm PT - 1:45pm PT / 4pm ET - 4:45pm ET Location: Zoom Dial-in Link Format: Benny will provide a workshop on the Blockchain Gaming in Asia first, and then we’ll open it up for AMA for our subscribers. How: Become a premium member now and get immediate access to our workshops series. You’ll also get access to all the Global Coin Research resources and analyses including access to future event discounts and the most important crypto information about Asia delivered to your inbox.

a year ago

Ripple (XRP) Is Immune to Proof Of Work Algorithm Risks

While the crypto world was on disarray on January 7, 2019, following a 51 percent attack on the Ethereum Classic network, the XRP Army was on a Ripple marketing spree. Ripple’s top brass, beginning with David Schwartz its CTO joined in the frenzy tweeting: “Another PoW blockchain suffers a double spend attack, this time ETC. XRP Ledger’s distributed agreement protocol eliminates this risk.” Another PoW blockchain suffers a double spend attack, this time ETC. XRP Ledger's distributed agreement protocol eliminates this risk.https://t.co/RQBEWAXmRD— David Schwartz (@JoelKatz) January 7, 2019 Ripple is the third largest crypto network by market cap, and while it relies on peer-to-peer mechanisms like its top competitors Bitcoin and Ethereum, its technology is different. XRP, its token rides on the XRP Ledger and the moves of XRP are governed by the XRP Ledger Consensus Protocol. As a result, supporters are confident that the network is immune from a Majority Attack because of the XRP LCP. Ripple’s protocol is run by nodes that determine and verifies network transactions just as is Bitcoin’s or Ethereum’s. The effect Proof of Work (PoW) algorithms used in BTC/LTC/BCH/etc. have on price, is to create a price floor, below which the security of the network face ever increasing risks of being compromised. XRP's consensus algorithm is immune from these risks.#BTC #LTC #XRP— GreenEggsnHam (@HamEggsn) June 3, 2019 To ensure the integrity of transactions and records, both Bitcoin uses the Proof of Work consensus algorithm. Ripple, on the other hand, utilizes elected nodes that are the ultimate decision makers when it comes to the XRP’s ledger history. XRP’s Unique Node List Consequently, the Ripple Unique Node List, which is a group of nodes, broadcasts a vote on correct transaction histories. The final decision always rests with the consistent majority, and as per its white paper, a 90 percent agreement across Ripple’s nodes is needed to ensure the XRP network’s safety from double spend attacks. Therefore, since its unique XRP LCP eliminates a web of computers competing over transaction verification, the Ripple consensus algorithm is faster than PoW. XRP LCP can also handle more transactions than computationally intensive PoW based crypto can. Presently, there are 119 validator nodes, and six of these nodes are recommended and are under Ripple’s maintenance. As efficient as the XRP LCP is, these nodes are centralized, which makes Ripple a no to most crypto enthusiasts. Meanwhile, PoW based blockchain networks are public, and basically, anyone with some technical know-how and the right mining hardware can be part of the network’s security. This essentially is what makes these coins vulnerable to attacks than Ripple. In a double spend attack, a miner or groups of them are usually trying to spend digital currency on a blockchain twice. The result of such endeavors is not so much the gain but rather to discredit the integrity of a blockchain. Proof Of Work (PoW) Vulnerabilities In illustration, besides Ethereum Classic’s 51 percent attack, this event has happened to other smaller networks. Zen cash, Bitcoin Gold, Monacoin, Verge and Litecoin Cash have all been subjected to double spend attacks in the past. The most recent attack was carried out by two BCH mining pools BTC.top and BTC.com to reverse one rogue miner’s transactions. The rogue miner had taken advantage of a bug in the Bitcoin Cash network during its May 15th network upgrade. BTC.top, for instance, has at one time controlled 50 percent of the BCH hash power. For a double spend event to succeed, a majority of miners have to agree on a transaction, which implies that miners with more computational power can add blocks to the blockchain faster, therefore corrupting the transaction history of a block. Thus, for such an event to occur, a malicious miner has to have at least 51 percent of a network’s hash power to enable control. Gloatingly, supporters say Bitcoin is the most secure and decentralized blockchain network. While it by design is vulnerable, it is a highly developed crypto, which gives it some level immunity. Conversely, thanks to a bulwark of thousands of miners, any malicious element willing to institute this kind of attack would end up spending too much computing power and money to beat the extensive network. Luckily, even the most formidable gear cannot economically keep up with BTC’s computational power. Besides the losses, such attacks are criminal and could lead to jail terms. The post Ripple (XRP) Is Immune to Proof Of Work Algorithm Risks appeared first on Ethereum World News.

a year ago

6 Proof-of-Stake Coins With a High Annual Yield in 2019

Making money with cryptocurrencies can be done through many different methods. Some users like to invest, whereas others trade, speculate, stake, or mine. Even the lending services are gaining popularity, which shows the ecosystem is still growing and expanding. For those looking to stake coins with high annual yields, the following options are worth checking out at one’s own risk. All of these statistics are subject to change based on when one reads this article. Information is provided by StakingRewards. Horizen (ZEN - 30% Annual Yield) By far the one altcoin which has the highest annual staking yield is Horizen. It is a masternode currency which has attracted a lot of attention in the past few months, which would explain why it is still priced at nearly $11 under the current circumstances. It is rather common for masternode coins to effectively offer staking as well, although a 30% yield is rather high. Given how still 14.4 million ZEN have yet to be brought into circulation, it is safe to say the staking rewards will play a big role in the process. The project currently has a $70.47m market cap, although that number will undoubtedly fluctuate a fair bit. Edgeless (EDG - 30% Annual Yield) Similar to Horizon, it seems Edgeless offers very similar annual rewards for users willing to stake their coins. With a current value of $0.12 per coin, those rewards will not necessarily add up to big amounts of money to be earned throughout a calendar year. Edgeless has a total supply of just over 132 million EDG, of which 117 million EDG are in circulation at this time. With a current market cap of $13.44m, it will be interesting to see how the staking rewards impact the EDG price as a whole. Radium (RADS - 25% Annual Yield) It is always interesting to see how different altcoins try to make a name for themselves. In the case of Radium, it seems the annuals taking rewards are one of the bigger selling points. The value per RADS is $1.16 at this time, thus it seems users will be able to make some decent money if the price doesn’t collapse entirely. Roughly 60% of the Radium supply has yet to be brought into circulation, thus it seems the staking rewards will remain rather high for a while. At its current market cap of just over $4m, it seems Radium hasn’t caught too many people’s attention as of yet. Pundi X (19.4% Annual Yield) It has been an interesting past 18 months for all ICO tokens. Similar to most others, Pundi X has lost a fair bit of value, as its market cap declined to $221 million. Users who stake their coins are expected to earn roughly 19.4% of their holdings per year, which can add up to some very solid gains overall. With a total supply of 266.962 billion NPXS to be created, and 212.624 billion NPXS in circulation right now, there are still a lot of tokens to be brought into circulation. How that will impact the overall value per NPXS has yet to be determined. SmartCash (SMART - 17.8% Annual Yield) There are plenty of high-yield coins in the staking industry, which shows the business model is far from unique. SmartCash tries to keep its rewards modestly low, but 17.8% is still on the high end of the spectrum. The currency has only just surpassed 40% of its maximum supply, yet it seems the price is struggling to remain above $0.01. With its market cap of $13.21 million, an interesting time lies ahead for SmartCash. ZCoin (XZC - 17% Annual Yield) The final coin on this short list comes in the form of ZCoin. While it is a currency not too many people seem to talk about, it has attained a $56.83m market cap, which is rather impressive. Users who stake their coins will earn up to 17% annual yield, which is rather decent while the value per XZC sits at $7.46. As of right now, just over 1/3rd of the ZCoin circulation is available, thus staking will continue to create a major influx of new coins accordingly. 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 or digital currency. Image(s): Shutterstock.com The post 6 Proof-of-Stake Coins With a High Annual Yield in 2019 appeared first on NullTX.

a year ago

Top 6 Cryptocurrencies Worth GPU Mining in 2019

A lot of people are still interested in mining the different cryptocurrencies on the market today. When it comes to GPU mining, things are a bit different compared to what one might expect. There are still several currencies to GPU mine in 2019, although it will require some effort on behalf of the user to get everything set up properly. Dogecoin is Still Viable Whereas most people would consider Dogecoin to be the joke currency of the internet, one has to keep in mind it is still an educational tool as well. Especially for those looking to explore the world of GPU mining, Dogecoin is a more than viable solution to look into. Not just because it is worth something, but also because it is one of the easier currencies to mine in this day and age. While mining isn’t even required to obtain DOGE, it is an option worth looking into. As is always the case when it comes to mining cryptocurrencies, joining a pool is one’s safest bet. For Dogecoin, there are still several active mining pools to take advantage of. While no one will get rich from this particular venture, it is a more than valuable learning experience. Moreover, it is also something anyone can do with any type of computer, although the earnings will vary quite a bit. Monero is a Solid Option In the world of cryptocurrency mining, Monero has become a lot more popular in the past few years. Although that is not always for the right reasons, it shows anyone with a CPU and GPU can mine XMR rather easily. Similar to Dogecoin, joining a Monero mining pool is advised, as solo mining will not necessarily yield any significant results. Even with the currency’s updated mining algorithm, GPU mining remains more than viable if one is willing to put in some work. ZenCash Offers Decent Returns Albeit most people tend to overlook cryptocurrencies not in the market cap top 25, ZenCash is an interesting option when it comes to GPU mining. The miners receive 88% of every block reward, which might not necessarily be the greatest. However, it is one of the many Zerocoin-based currencies which are easily mineable using a regular computer. As long as one has the correct software and a good mining pool, it is an option worth looking into in 2019. ZCoin, Not to be Confused with ZCash Whereas some people may have heard of ZCash by now, the ZCoin currency is a fork of that particular project. For those who want to get involved in cryptocurrency mining, Zcoin is an interesting option. Not only is the currency traded on most top exchanges, it also makes it easy for both novice and advanced miners to get in on the action. Under the hood, ZCoin also ensures it remains ASIC-proof like Monero, which should ensure a long GPU mining life if nothing major changes. Bitcoin Gold Needs More Miners Another solid option to experiment with GPU mining cryptocurrencies comes in the form of Bitcoin Gold. While it is still possible to mine Bitcoin itself as well, the Bitcoin Gold fork is perhaps the better choice for users. Although this currency’s price has collapsed since its launch, it is still worth over $24 per BTG at the time of writing. According to the project’s team, some interesting changes and improvements will be coming throughout this year and beyond. Whether that will influence the BTG value, is a different matter altogether. Ethereum Attracts a lot of Attention Everyone will readily agree Ethereum is the go-to choice when it comes to mining cryptocurrencies with a GPU. It is the most profitable option on paper, albeit there are a lot of competing miners on the network who try to race toward the block reward. Even so, for those advanced miners, it is still a worthwhile option now that prices are rising. The one downside is how GPU mining Ethereum can be very costly, as using just 1 graphics card won’t get people all that far in this day and age. 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 or digital currency. Image(s): Shutterstock.com The post Top 6 Cryptocurrencies Worth GPU Mining in 2019 appeared first on NullTX.

a year ago

Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

Coinspeaker Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual InvestorsAmerican digital asset manager Grayscale Investments has disclosed that it managed to gain regulatory approval from the Financial Industry Regulatory Authority (FINRA) to open its Ethereum Trust for the over-the-counter (OTC) markets under the trading symbol ETHE for retail investors.ETHE, that was launched and funded by Grayscale in 2017, represents itself an open-ended trust. It holds Ethereum and its value is influenced only by the value of the coin itself. According to the data of April 30, 2019, holding one share of ETHE meant being an owner of 0.09662399 Ethereum.ETHE itself won’t receive any income. It regularly allocates ETH to pay for its related expenses. That’s why as the general amount of ETH available gradually decreases, the same does the amount of Ethereum that is represented by each share of ETHE. And it is said that until the shares are DTC eligible, it’s too early to speak about any trading volume available.For 2 years of its existence, this was available to institutional and accredited investors only with a minimum investment making at least $25,000 through private purchases.Nevertheless, the FINRA approval opens new opportunities for individual investors as well.“The secondary market really opens up the opportunity for any and all investors,” said Michael Sonnenshein, managing director of New York-based Grayscale Investments.From the company, they also informed that it will be allowed to sell the shares over the counter for those investors in the Ethereum Trust who have held shares for a year or longer.Speaking about such an important event for the company as getting approval from FINRA, Rayhaneh Sharif-Askary, Grayscale’s Head of Sales and Business Development, stated:“We are very excited about receiving FINRA approval for Grayscale Ethereum Trust. As the largest digital currency asset manager, Grayscale continues to bring new opportunities for investors to gain exposure to digital currencies.”It’s worth mentioning that such a move is important not only for Grayscale but for the entire industry as well. The approval from FINRA means that the crypto space is gaining positive attention from the side of regulators which could be a sign of further changes. An opening ETHE for retail investors may be viewed as a new step towards the mainstream though it’s clear that it won’t happen in the nearest future.Earlier, Grayscale has received approvals for secondary-market trading for its Bitcoin and Ethereum Classic trusts.In total, it operates nine single-asset cryptocurrency products. They are the products tied to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC). As of May 15, 2019, the total value of all assets under the management of Grayscale is approximately $1.9 billion.Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

a year ago

Cryptocurrency and Porn Industry: Why is it a perfect match?

In the 1980s, the internet was frequently used by three types of people: government officials, university scholars, and individuals seeking adult entertainment. Keeping the mundane search history of officials and the scholars away, only one thing remains in the frame, which is the often frowned upon, yet highly sort after, the adult entertainment industry. The adult entertainment business has seen massive growth over the years and its numbers speaks for themselves. In 2018, Pornhub, one of the biggest porn websites on the planet, ‘entertained’ individuals approximately 33.5 billion times via their webpage. That is around 13.7 million visits per day. Source: XBIZ An estimated number of 201,405 videos are watched, and porn websites around the world register 64,000 visitors/per minute in a day. The data associated with the industry does not shy away from the revenue aspect either. According to a poll conducted by XBIZ, the porn industry generates a magnanimous revenue between $6 billion and $15 billion every year, in the US. This is more revenue than the NBA, Hollywood, and Netflix. America’s intense porn obsession can be credited for fueling its economy and the adult entertainment industry clearly plays a major part in it. CRYPTOCURRENCY AND PORN The adult entertainment world is one of the few industries which prides itself on the reputation of being the front runners of early technological adoption. In 1977, when VHS tapes made its way into America and the rest of the world, it is believed that the porn industry played a massive role in ushering in its initial success in the 1980s. However, the tryst between cryptocurrencies and the porn industry has been a tricky one. According to a research, conducted by the porn studio VogoV, by the end of 2018, around 470 adult video sites, 50 webcam platforms, and 35 sex shops worldwide had started accepting virtual currencies as a form of payment. The data on paper may echo a significant number, but when it is compared to the overall size of the ever-expanding adult industry, it is very minuscule. The industry started to take massive strides with the adoption of cryptocurrency around early 2017, when the idea of crypto as a payment started gaining traction. Source: Naughty America In 2017, major sites like Naughty America and xHamster started accepting Bitcoin as a form of payment. Pornhub and some of its sister websites also started establishing partnerships with various cryptocurrencies such as Horizen [ formerly ZenCash ], Tron, and Verge. CRYPTOCURRENCY AND ADULT INDUSTRY: WHY IS IT A PERFECT MATCH? According to a poll by fightthenewdrug.com, Porn was actively viewed by the millennial of the current generation [between the age of 16 and 33]. A person of this age group mostly has an active social life and outgoing lifestyle. No one in this age group would like to disclose or talk about it with their partner that they were paying for pornography. It can come across embarrassing and usually uncomfortable most of the time. The adult entertainment industry is one such which can only be consumed in the privacy of your own space. This is where both the parties meet at a common ground and present a great opportunity. The anonymity offered by the virtual assets is a sigh of relief for the adults who do not want their private viewing habits on the internet to be a recorded statement on their credit cards. Hence, the idea or awkwardness of receiving unexpected emails from your favorite porn websites is completely taken out of the picture. The payment platform associated with crypto also solves major issues which are associated with trust between the user and the website. The amount of fraudulent websites prevalent in the adult industry is massive and people are justifiably skeptical of entering their card details. The space for illicit scams is enormous and a slight pushback can allow hackers to access your bank account credentials. In simple terms, it is not safe! Additionally, one of the major issues which often escape the eye is the difficulty suffered by adult performers. The number of adult performers around the world is assumed to more than a 100,000. That might not be significantly high, but in terms of paying them for their service, it is. The issue arises as a lot of banks do not allow adult performers to open accounts in their name and use their services. A few years back, adult film stars were reportedly getting their bank accounts systematically closed by JP Morgan Chase for no reason other than their professional connection with the adult entertainment industry. Hence, most of the performers have to take payment in cash, which becomes a personal hassle for them as their security is in the limbo. The cryptocurrency method of payment completely solves this problem as they can receive their payments directly to their digital wallet without the involvement of financial institutions. MAJOR PARTNERSHIPS BETWEEN CRYPTOCURRENCIES AND PORN WEBSITES Bitcoin, the first ori

a year ago

Bitcoin (BTC) Bull Run: Why This Time it’s Different to 2017 - Silbert

Barry Silbert founder and chief executive of the Digital Currency Group and Grayscale Investments, made an appearance on Bloomberg at the end of a fretful week in crypto, and as expected is un-phased by the Bitstamp-induced correction, predicting this bull run won’t pop like in December 2017. With bitcoin currently priced at $7,350, there’s every reason to be comforted by the fact that nothing goes up in a straight line, and a correction of sorts was expected by some observers, as EWN reported. Silbert has seen it all before and is convinced that this bull run will not be derailed. More than that, he says that this time the bull run will be different, by which he means it will not be another bubble rippening for a pop. How will it be different this time? So how will it be different? First, he addressed the chart technicals. “Sentiment, the technicals are great... 80% draw down in price happened what three of four times before. Every time that happens.... record highs. As soon as you get the price going back up animal instincts come back.” But the really crucially consideration is how the lay of the land differs, and that comes down to infrastructure. “The difference between this increase in price versus the bubble in 2017 is the infrastructure is much different. You have custodians now, compliance software, trading software. People are more educated about the asset class. This time it’s different,” says Silbert. He also addressed the question of trust in the space, interjecting that he thought the ICO phenomenon was at the centre of those worries, and had helped power the bear market. “All of the demand from ICOs went away. Projects were trying to stay in business and selling bitcoin.” Drop gold, buy bitcoin Grayscale Investments is doubling down on the notion that bitcoin is digital gold, as seen in the recent launch of a nation-wide US TV advertising campaign themed Drop Gold. The ad had been previewed a couple of weeks ago. Indeed, Silbert partly credits the ad with helping to generate the buying fever behind the recent bitcoin mega rally. Although the ad was previewed two weeks ago, the national campaign only started running t the end of this week. Silbert makes no bones about the fact that they are targeting a new generation of investors who will soon be coming into the family inheritance and will be more susceptible to the pitch from the issuers of bitcoin financial instruments. Ad hits the mark with a million views and counting... It’s a hard-hitting ad. “The ad is designed to be provocative,” Silbert explains. “This has already gotten over a million views.” “So what is the number one thing to break in terms of view points regarding getting gold bugs into bitcoin, he was asked. The ad is basically aimed at getting into the heads of millennials. “It’s important to start the conversation... there’s a generational shift happening,” he contends. “Anyone who has a phone can access this new asset class”, unlike with unportable gold bullion, as the advert makes clear. “For the younger generation, money is digital... $68 trillion in wealth being handed down over the next 25 years.” “It’s not all going to go into bitcoin, but whatever is in gold is going to diversify into something else.” But what about the solidity of gold built up over millennia, how can computer code compare? “Where gold has history and cultural significance it lacks in utility. Bitcoin as a financial rail has the potential to be incredibly value from an intrinsic potential. In fact, Silbert argues that “gold’s use and utility is going down”, pointing to its drop in use in electronics, which he says has fallen by 30%. On who is buying gold he says: “It’s central banks buying. So basically, if you are buying gold you are betting on the central bankers, which is weird because gold bugs think that central bankers are idiots and don’t know monetary and fiscal policy.” He continues: “So, there’s a real disconnect - so OK I’m going to be betting on the bankers doing the right thing yet they’re the ones who are buying gold right now.” Silbert is not the only one talking about digital gold, with Tyler Winklevoss also weighing in, as the EWN report here shows. The Digital Currency Group is probably the nearest thing that crypto has to a conglomerate, with its fingers in many pies. Abra, Bitflyer, BitPesa, Circle, Chainalysis, Coinbase, CoinDesk, Decentraland, Etherscan, eToro, Grayscale, Korbit, Kraken, Ledger, Parity Protocol Labs, Ripple, Shapeshift, Xapo and Zcash, are just some of the companies DCG has a stake in, or owns outright. So what about some numbers, hard data on the institutional side? In the first quarter Grayscale Investments saw 70% of inflows coming in from institutional investors and family offices, Silbert reveals. What was the money buying? According to Silbert “right now it’s just bitcoin”. He said 90% went into bitcoin. What about the rest of the crypto field? He was asked what investors are to make of the rest of t

a year ago

Bitcoin Bull Run: Why This Time it’s Different to 2017 - Silbert

Barry Silbert founder and chief executive of the Digital Currency Group and Grayscale Investments, made an appearance on Bloomberg at the end of a fretful week in crypto, and as expected is un-phased by the Bitstamp-induced correction, predicting this bull run won’t pop like in December 2017. With bitcoin currently priced at $7,350, there’s every reason to be comforted by the fact that nothing goes up in a straight line, and a correction of sorts was expected by some observers, as EWN reported. Silbert has seen it all before and is convinced that this bull run will not be derailed. More than that, he says that this time the bull run will be different, by which he means it will not be another bubble rippening for a pop. How will it be different this time? So how will it be different? First, he addressed the chart technicals. “Sentiment, the technicals are great... 80% draw down in price happened what three of four times before. Every time that happens.... record highs. As soon as you get the price going back up animal instincts come back.” But the really crucially consideration is how the lay of the land differs, and that comes down to infrastructure. “The difference between this increase in price versus the bubble in 2017 is the infrastructure is much different. You have custodians now, compliance software, trading software. People are more educated about the asset class. This time it’s different,” says Silbert. He also addressed the question of trust in the space, interjecting that he thought the ICO phenomenon was at the centre of those worries, and had helped power the bear market. “All of the demand from ICOs went away. Projects were trying to stay in business and selling bitcoin.” Drop gold, buy bitcoin Grayscale Investments is doubling down on the notion that bitcoin is digital gold, as seen in the launch two days of a nation-wide US advertising campaign themed Drop Gold. The ad had been previewed a couple of weeks ago. Indeed, Silbert partly credits the ad with helping to generate the buying fever behind the recent bitcoin mega rally. Although the ad was previewed two weeks ago, the national campaign only started running t the end of this week. Silbert makes no bones about the fact that they are targeting a new generation of investors who will soon be coming into the family inheritance and will be more susceptible to the pitch from the issuers of bitcoin financial instruments. Ad hits the mark with a million views and counting... It’s a hard-hitting ad. “The ad is designed to be provocative,” Silbert explains. “This has already gotten over a million views.” “So what is the number one thing to break in terms of view points regarding getting gold bugs into bitcoin, he was asked. The ad is basically aimed at getting into the heads of millennials. “It’s important to start the conversation... there’s a generational shift happening,” he contends. “Anyone who has a phone can access this new asset class”, unlike with unportable gold bullion, as the advert makes clear. “For the younger generation, money is digital... $68 trillion in wealth being handed down over the next 25 years.” “It’s not all going to go into bitcoin, but whatever is in gold is going to diversify into something else.” But what about the solidity of gold built up over millennia, how can computer code compare? “Where gold has history and cultural significance it lacks in utility. Bitcoin as a financial rail has the potential to be incredibly value from an intrinsic potential. In fact, Silbert argues that “gold’s use and utility is going down”, pointing to its drop in use in electronics, which he says has fallen by 30%. On who is buying gold he says: “It’s central banks buying. So basically, if you are buying gold you are betting on the central bankers, which is weird because gold bugs think that central bankers are idiots and don’t know monetary and fiscal policy.” He continues: “So, there’s a real disconnect - so OK I’m going to be betting on the bankers doing the right thing yet they’re the ones who are buying gold right now.” Silbert is not the only one talking about digital gold, with Tyler Winklevoss also weighing in, as the EWN report here shows. The Digital Currency Group is probably the nearest thing that crypto has to a conglomerate, with its fingers in many pies. Abra, Bitflyer, BitPesa, Circle, Chainalysis, Coinbase, CoinDesk, Decentraland, Etherscan, eToro, Grayscale, Korbit, Kraken, Ledger, Parity Protocol Labs, Ripple, Shapeshift, Xapo and Zcash, are just some of the companies DCG has a stake in, or owns outright. So what about some numbers, hard data on the institutional side? In the first quarter Grayscale Investments saw 70% of inflows coming in from institutional investors and family offices, Silbert reveals. What was the money buying? According to Silbert “right now it’s just bitcoin”. He said 90% went into bitcoin. What about the rest of the crypto field? He was asked what investors are to make of the rest of th

a year ago

What Is Dash Cryptocurrency? The Ultimate Guide

Introduction If you delve into the panoply of easy to use, privacy protecting and payment focused cryptocurrencies, you realize that only a handful can meet the minimum requirements to be considered as a reliable digital payment product, with the potential of gaining mass adoption in the future. Despite ZCash (ZEC) and Monero (XMR) being interesting projects for the same set of purposes that Dash was originally designed for, Dash, a combined name for “Digital Cash”, clearly beats all of its competitors in terms of merchants, customers, and users adoption, and in terms of ease of use and implementation. Besides, the decentralized governance, the voting model, the treasury fund, along with a broad range of coin-related and network-enabled functionalities make Dash one of the most promising blockchain-powered digital currencies in the ever-expanding cryptosphere. What Is Dash? To put it in a nutshell, Dash is an open source project that aims to create a user-friendly, scalable and straightforward solution for the payment industry. Since its launch in 2014 from a hard fork of the Bitcoin protocol, the project went through several evolutions and rebranding processes, going from “Xcoin”, to “Darkcoin” before being rebranding to “Dash” in a reference to “Digital Cash”. Dash’s secure and peer-to-peer network is built in a unique and self-funding model, and is governed and maintained in a decentralized autonomous organization (DAO) form, run by the “masternodes.” Dash permits fast transactions through the unique “InstantSend” functionality and untraceable ones through “PrivateSend”. Dash - Source: ShutterStock.com The Dash ecosystem hinges on three pillars: the network users, the miners, and the masternodes. Network users are the ones that send and receive Dash coins as a means of value exchange using their wallets’ private and public keys. Miners validate transactions through a Proof-of-Work (PoW) algorithm known as X11, by allocating their computing power to the process, and by adding new blocks to the blockchain. Masternodes provide additional functionality to the network and decide how funds in the treasury are spent. The block reward in Dash is split into three different parts: 45% of newly created coins go to miners, 45% goes to the Masternodes, and 10% goes into the treasury fund. The Benefits of Dash Dash is credited with introducing some interesting features to its ecosystem, with the aim of making improvements over the design of Bitcoin. This eventually resulted in an added layer of privacy protection, and better overall network throughput, faster settlements, and quicker message propagation across the network. In fact, Dash reaped the benefits of its incentivized two-tier network design, a model adopted by the project, rather than the common single-tier found in most cryptocurrency projects. This network design alternative made it possible to add a broad range of extra services, such as the decentralized mixing function, known as PrivateSend, and the instant transaction settlements known as InstantSend. Dash has proved to be fit for the payments industry, where long waiting times for network confirmations at Point of Sale terminals would be unacceptable. Benefits - Source: ShutterStock.com Furthermore, Dash’s governance system makes it one of the most decentralized cryptocurrency projects to date, and allows members that are invested among its community, to vote in a democratic fashion on the strategic decisions of the organization, and on which projects - deemed beneficial to its ecosystem - would get funding from the Dash treasury. What is InstantSend? InstantSend is a unique feature offered by Dash that was made possible thanks to its two-tiered network setting. In fact, with most digital currencies, if a transaction is broadcasted to the network, the sender and receiver should wait for a certain number of confirmations to avoid double-spending and ensure the transaction is irreversible. However, the process of waiting for blocks to accumulate in order to ensure that a submitted transaction is valid is time-consuming and usually takes anything from several minutes to over an hour. This makes most cryptocurrencies unfit for the payment industry and hinders merchants from adopting digital currencies as a means of payment for products and services, since having a customer wait for minutes to confirm a purchase is hardly conducive to business interests. What is InstantSend? - Source: ShutterStock.com Thanks to its network of masternodes, a smaller quorum of special nodes can provide an irreversible confirmation on a given transaction in about 1.3 seconds. An InstantSend transaction is handled by having masternodes lock the inputs for it before broadcasting the information to the network, including it to the subsequent mined blocks, and preventing the spending of the locked inputs during the confirmation period. What Is PrivateSend? PrivateSend is a Dash Network feature that is used upon reques

a year ago

ZEN / BTC Price Analysis: Arising

Horizen has a bullish short-term bias against BTC, with the ZEN / BTC pair correcting back towards the April monthly trading high ZEN / BTC pair has a bullish medium-term trading outlook A large inverted head and shoulders pattern is present across the daily time frame Horizen / Bitcoin Short-term price analysis ZEN has a bullish short-term trading bias against BTC, with the ZEN / BTC pair trading well above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the ZEN / BTC pair is gaining bullish trading momentum and attempting to correct back towards the April monthly trading high. Technical indicators are bullish on the four-hour time frame, although they are starting to appear overstretched. ZEN / BTC H4 Chart by TradingView Pattern Watch Traders should note that an inverted head and shoulders pattern will form on the four-hour time frame if bulls move price back towards the April trading high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it has moved into overbought territory. MACD Indicator The MACD indicator on the four-hour time frame is also bullish, although it is starting to appear overstretched. Fundamental Analysis In April, Horizen partnered with Horizen Labs which has raised 4$ million from Digital Currency Group (DCG) and Liberty City Ventures. Horizen Labs will be working with businesses to help them build their own sidechains on top of the Horizen’s public blockchain. This is likely the reason why ZEN’s price has been growing for the past several weeks. Horizen / Bitcoin Medium-term price analysis ZEN has a bullish bias against BTC over the medium-term, with the ZEN / BTC pair trading back above its 200-day moving average. The daily time frame shows a large inverted head and shoulders pattern, with buyers rallying the ZEN / BTC pair back above the neckline of the bullish pattern. Technical indicators across the daily time frame are currently rising and issuing a strong bullish signal. ZEN / BTC Daily Chart by TradingView Pattern Watch Traders should note that the November 18th, 2018 swing high is the overall upside target of the inverted head and shoulders pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is approaching overbought territory. MACD Indicator The MACD indicator is bullish on the daily time frame and is currently generating a strong buy signal. Fundamental Analysis Horizen looks interesting on the fundamental level. It has a good development team and plans a number of technological improvements to its platform in 2019. Along with Horizen Labs the project can potentially increase the level of adoption of its platform, which can have a positive effect on the value of the network in the medium term. Conclusion ZEN is growing increasingly bullish against BTC over both time frames as the cryptocurrency attempts to recover from last month’s trading losses. If bulls can maintain the bullish momentum and continue to rally the ZEN / BTC pair, a much stronger rally towards the November 18th swing high may occur. Check out our coin guide for ZEN to understand how it works. Horizen ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=ZEN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-35732 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-35732 #ccc-chart-block .exportBtnTop, #ccpw-ticker-35732 a.tabperiods.tabperiods_active, #ccpw-ticker-35732 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-35732 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-35732 .coin-container:after, .ccpw-container_four #ccpw-ticker-35732 .coin-container:after {border-color:#ccc !Important;} The post ZEN / BTC Price Analysis: Arising appeared first on Crypto Briefing.

a year ago

What Is Horizen Network? Introduction to ZEN Token

What Is Horizen Network? Horizen (formerly called ZenCash) is a privacy-focused, zk-SNARKs based blockchain platform that forked from Zclassic, itself a Zcash fork. The Horizen network includes a decentralized autonomous organization (DAO), ZenChat (a private messenger), ZenPub (an anonymous publishing platform), and ZenHide (TOR-like endpoint masking). ZEN is the native cryptocurrency coin used by the Horizen network. Privacy and security seem like niche topics only discussed by tinfoil-hat conspiracy theorists, but cybersecurity is a major concern in today’s world. Norton estimates 60 million Americans have been impacted by identity theft and the U.S. will account for half of worldwide data breached by 2023. And it’s not your personal computer that’s being attacked, especially in a cloud-based world. Accounts we hold with trusted companies like Amazon, Google, Sony, Microsoft, Equifax, Visa, and the U.S. government are the databases criminals want. And these major players have a lot of data security rules to abide by. Europe’s GDPR and even new U.S. privacy laws, along with international Safe Harbor laws, dole out hefty fines and other consequences for allowing data breaches - although not hefty enough to actually make their behavior change, it sometimes seems. With the stakes so high, Horizen pivoted its focus to enterprise applications. Nobody needs more security and privacy than these organizations, and they have deep enough pockets to spend whatever it takes to stay running in a technology-run society. Before exploring Horizon’s nuts and bolts, along with its chances of achieving sustainable success, let’s review ZEN, the proprietary cryptocurrency used in the Horizen blockchain, and its performance on the cryptocurrency market. ZenCash (ZEN) Cryptocurrency Summary As of April 30th, 2019, the circulating supply of ZenCash is 6,347,700 out of a total supply of 21,000,000 ZEN. The peak price so far of ZEN was $65.16 on January 9, 2018. No Horizen ICO was held. Instead, Horizen (then known as ZenCash) forked from Zclassic (ZCL) on May 23, 2017 at block 110,000. At this time, ZEN was issued to ZCL holders at a 1:1 ratio. ZEN is mined using the Equihash Proof-of-Work (PoW) mining algorithm. The block reward is set at 12.5 ZEN, with a block mined approximately every 2.5 minutes. Rewards half approximately every four years and are distributed with 20 percent split evenly between Secure Nodes and Super Nodes (which we’ll outline in the next section), while 10 percent goes to the Horizen/ZenCash team treasury, and the remaining 70 percent rewarded to miners. Secure nodes act as master nodes and require staking 42 ZEN. Unlike other similar projects, it also secures the nodes by using end-to-end encryption, similar to what you’d find in [some] popular messengers. ZenCash is traded on a wide variety of cryptocurrency exchange markets, including Binance, Bittrex, DragonEX, Upbit, OKEx, Sistemkoin, and COSS. ZEN trading pairs include BTC, ETH, and USDT. ZenCash uses commercial content distribution networks (CDN) and Hypertext Transfer Protocol Secure (HTTPS) to ensure secure transfers. It also uses the same zero-knowledge Non-Interactive Arguments of Knowledge (zk-SNARKS) cryptography that ZCash does. This means ZEN transactions can be both pseudonymous and anonymous, providing the highest levels of privacy and security. There are also criticisms against the protocol, ranging from rumors of a possible Zerocoin backdoor (the predecessor of the zk-SNARK powered Zerocash), to the necessity of conducting a “trusted setup”, an encryption key generation event that could allow the creation of unlimited coins if compromised. Horizen has a variety of official ZenCash cryptocurrency wallets, including the Arizen and Swing wallets, web, mobile, and paper wallets. It’s also supported by Ledger hardware wallets. Horizen ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=ZEN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-35732 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-35732 #ccc-chart-block .exportBtnTop, #ccpw-ticker-35732 a.tabperiods.tabperiods_active, #ccpw-ticker-35732 .

a year ago

Command Chain Protocol: PoW with Bulletproof Technology Under the Hood

Coinspeaker Command Chain Protocol: PoW with Bulletproof Technology Under the HoodBy nature, a blockchain is a distributed database; a ledger designed to ensure decentralization. The backbone of the network is the protocol lying at its core. Different protocols were designed for different types of blockchains, including but not limited to the two most famous ones: proof-of-work (PoW) and proof-of-stake (PoS).The main problem with the protocols mentioned is their susceptibility to 51 percent attacks on the network. The biggest successful attack on a PoW happened in 2018 when hackers got in control of more than 50 percent of Bitcoin Gold’s mining power within the network.The Blockchain Industry Needs a Stronger PoWSeveral 51 percent attacks happened on PoW blockchains throughout 2018, but in spite of promises to increase security and make upgrades, there can’t be a turning back from the $18 million lost by Bitcoin Gold, $500,000 lost by ZenCash, or $1.7 million lost by Verge.The blockchain industry needs a more secure, faster, and more scalable PoW; a protocol that can withstand double spending, rollbacks, and ultimately, 51 percent attacks from hackers lurking in the shadows, waiting to get in control.To cater to the needs of the blockchain community, four-year-old project ILCOIN launched the first quantum resistant PoW protocol based on a SHA-256 blockchain. Command chain protocol, or C2P, seeks to tap into the weaknesses of the traditional PoW and improve on it using proprietary ILCOIN technology that claims to guarantee added levels of security without compromising speed.Promising Features of C2P Over the Traditional PoWAt its core, C2P is a PoW type of protocol but with several significant improvements. Its purpose is to prevent one of the biggest concerns in the blockchain industry - a potential 51 percent attack on the network. C2P incorporates a set of rules and regulations embedded in the source code.These rules can either allow or block activities, based on specific parameters set in place by the ILCOIN development team. To prevent corruption attempts such as rollbacks or double spending, three bulletproof security levels work in sync to perform different tasks on every full node.To ensure chain stability, strength, and speed, with C2P, every block doesn’t just include the last block’s hash, but also a set of certificates for the node to read; thus having a double/triple check on the block’s origin and inputs. The end goal is to establish validity.By adding a unique certificate stamp in every block, only verified non-malicious nodes can deliver the certificate. To protect ILC holders, ILCOIN has added a unique blocking mechanism to its algorithm which prevents hackers from stealing ILC from users’ wallets.“C2P is the actual next step of security in the cryptocurrency world, in order to turn down the page for all the non-ethical hackers who always try to take advantage on some back doors for some faulty codes, or lack of hashing power, for example, and in the same moment hurt a specific cryptocurrency and the trust of still cutting-edge technology” - as said in ILCOIN whitepaper.Following the release of its improved PoW, ILCOIN jumps on a journey to improve flaws in existing protocols. As the blockchain industry reaches maturity, hackers will keep hunting for even smarter tools and methods to succeed at 51 percent attacks.The high potential of C2P goes hand in hand with the team’s successful attempt to increase the block size, from 2MB to 25MB; this way getting one step closer to scaling its blockchain by supporting 170 k TX per block without compromising security levels. In terms of plans for the future, ILCOIN hopes to succeed at becoming the first SHA-256 blockchain to implement smart contracts using its proprietary C2P protocol.Command Chain Protocol: PoW with Bulletproof Technology Under the Hood

a year ago

Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store

Accepting cryptocurrency payments in your store doesn’t require specialist hardware or complex integration - Paytomat is proof. The crypto payment gateway enables merchants to accept 18 cryptocurrencies including BCH using their existing equipment. To date, hundreds of brick and mortar stores across four continents have added crypto support using Paytomat. Also read: Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% Hassle-Free Crypto Payments at the Point of Sale Over the last two years, Paytomat has quietly been making a name for itself as an accomplished crypto PoS solution. From its base in Europe, the company has spread its wings and now lists hundreds of stores in countries as diverse as Venezuela, Netherlands, and the United States. A dropdown menu on the Paytomat website enables shoppers to filter through shops and restaurants to find crypto-accepting businesses in their area. In addition to BCH, Paytomat supports over a dozen cryptocurrencies including BTC, ZEN, EOS, and ETH. Merchants incur zero fees, and can withdraw funds in a fiat currency of their choice if desired, with Paytomat hedging the risk incurred by potential cryptocurrency volatility. Simple Merchant Integration Paytomat integrates with a number of established PoS systems, enabling merchants to add cryptocurrency support using their existing hardware. Upon upgrading their software to incorporate digital currency, the only visual difference the merchant will see is the addition of a button marked “Crypto” that appears on the payment terminal, alongside the “Card” and “Cash” buttons. When a customer pays for goods using cryptocurrency, a QR code is added to the check, which the customer scans before transferring the amount to the merchant’s wallet. To date, more than 300 merchants have begun using Paytomat to accept cryptocurrency including beauty salons and medical practices. For merchants interested in introducing cryptocurrency as a payment option, Paytomat provides an enrolment form on its website to start the process. Encouraging greater adoption of digital assets on a daily basis is a vision shared by many cryptocurrency projects, including advocates of bitcoin cash. Solutions like Paytomat play their part in helping to realize that goal. Have you spent cryptocurrency in-store? If so, what was your experience of doing so? Let us know in the comments section below. Image credits: Shutterstock and Paytomat Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article. The post Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store appeared first on Bitcoin News.

a year ago

CryptoBuyer - Meet the Company Which Created the First Crypto ATM in Latin America

Cryptobuyer is a leading crypto asset company which facilitates the integration of digital currencies in your everyday life by enabling the exchange of digital currencies, digital payments, BitATM franchises, and BTM multi-asset machine solutions without the need to go through a third party financial institution. Moreover, Cryptobuyer was the very first company in the world to install a Crypto ATM with integrations of Dash, Litecoin, and Bitcoin, in a commercial bank partnership in Latin America. It’s also the very first fully compliant platform to operate in the region properly. Cryptobuyer is having its Initial Exchange Offering (IEO) set for April 23rd on the popular Coineal exchange. The event will have 150,000,000 XPT tokens allocated for $0.01 each, and it will go through two phases - a presale and a public sale. What is the Project? Cryptobuyer was founded in 2015, and it proudly boasts a team with international and entrepreneurial expertise in the blockchain space. The project’s goal is to spread the reach of cryptocurrencies by effectively integrating them within products of people’s daily lives, as well as services so that more users can benefit from the advantages of digital currencies. With this said, the company has a diversified portfolio of products which include: BTMs: The Bitcoin Teller Machine (BTM) network of Cryptobuyer takes advantage of industry-leading hardware of supreme quality and resilience. It also offers an open-source software which could be modified to meet the specific needs of the customer and user.The BTMs are compatible with a lot of different digital currencies, while other existing currencies can be easily integrated. CryptoBuyer’s BTM Point of Sales (POS): The POS solution works with a technology that reads QR codes, and it’s currently the most accessible technology for any kind of device. The POS solution offers a very convenient system which automatically converts cryptocurrency payments to fiat currencies, eliminating the friction when it comes to adoption for merchants. Web Platform: Cryptobuyer’s web platform includes features that are designed to appeal to users of online platforms. These include fast KYC, security hosted by leading industry companies, multiple cash-in and cash-out options, simple registration, and so far. It has also integrated a utility bill payment service solution such as mobile phone top-ups spread across 180 countries with more than 600 operators. Mobile App: The mobile app of Cryptobuyer is intended to fit all of the solutions in one place and provide a simple and easy-to-use interface. It’s compatible with Android and iOS devices, and it guarantees broad access in emerging countries. How Does it Work? The overall strategy of Cryptobuer is to provide merchants with a better way to buy and sell digital currencies by expanding its international network of BTMs to markets where the demand is high. The stage is set for adoption. The Argentine Central Bank has requested for the private installation of ATMs to address the increasing deficit. Currently, Cryptobuyer has a partnership with the manufacturer of ATMs who are building hybrid ATMs. They can be interconnected with banks and have a functionality to buy and to sell digital currencies. Mexico, on the other hand, is the largest remittance market in the world. There are only five cryptocurrency ATMs in Mexico City. Venezuela is also presenting massive opportunities because of hyperinflation. Cryptobuyer has already made serious advances, partnering up with supermarket chains, as well as convenience stores, even including marquee names such as 7-Eleven. Token Use Cryptobuyer is issuing an ERC-20 token which is ticked XPT. It will allow token holders to claim a share of the gross revenue (fees) which are generated by all of the products of Cryptobuyer. The token represents a share in the success of the company, as well as of its business model. The reward will be distributed through a secondary token which is called CBPT - short for Cryptobuyer Profit Token. It will be pegged to the USD one to one. On the other hand, everything you need to know about the tokenomics is in the table below. CryptoBuyer’s Token Sale Token Sale Information Cryptoubuyer will take advantage of the relatively new fundraising model called Initial Exchange Offering (IEO). It will take place on cryptocurrency exchange Coineal.com on April 23rd at 15:00 UTC. The IEO will be consisted of two sessions and will allocate a total of 150 000 000 XPT tokens, each valued at USD 0.01. Session 1: Presale Time: April 23rd at 15:00 UTC - April 27th at 15:00 UTC Presale Supply of XPT: 50,000,000 Price per 1 XPT = $0.01 Bonus: 12% and 5% for referrals that invest Session 2: Public Sale Time: April 27th at 15:00 UTC to April 30 at 15:00 UTC Public Sale Supply: 100,000,000 Public Sale Price per 1 XPT = $0.01 Bonus: 10%, 5% for referrals that invest Once the sale is completed, the XPT token is going to be listed and included in Coinea

a year ago

CryptoBuyer- Meet the Company Which Created the First Crypto ATM in Latin America

Cryptobuyer is a leading crypto asset company which facilitates the integration of digital currencies in your everyday life by enabling the exchange of digital currencies, digital payments, BitATM franchises, and BTM multi-asset machine solutions without the need to go through a third party financial institution. Moreover, Cryptobuyer was the very first company in the world to install a Crypto ATM with integrations of Dash, Litecoin, and Bitcoin, in a commercial bank partnership in Latin America. It’s also the very first fully compliant platform to operate in the region properly. Cryptobuyer is having its Initial Exchange Offering (IEO) set for April 23rd on the popular Coineal exchange. The event will have 150,000,000 XPT tokens allocated for $0.01 each, and it will go through two phases - a presale and a public sale. What is the Project? Cryptobuyer was founded in 2015, and it proudly boasts a team with international and entrepreneurial expertise in the blockchain space. The project’s goal is to spread the reach of cryptocurrencies by effectively integrating them within products of people’s daily lives, as well as services so that more users can benefit from the advantages of digital currencies. With this said, the company has a diversified portfolio of products which include: BTMs: The Bitcoin Teller Machine (BTM) network of Cryptobuyer takes advantage of industry-leading hardware of supreme quality and resilience. It also offers an open-source software which could be modified to meet the specific needs of the customer and user.The BTMs are compatible with a lot of different digital currencies, while other existing currencies can be easily integrated. CryptoBuyer’s BTM Point of Sales (POS): The POS solution works with a technology that reads QR codes, and it’s currently the most accessible technology for any kind of device. The POS solution offers a very convenient system which automatically converts cryptocurrency payments to fiat currencies, eliminating the friction when it comes to adoption for merchants. Web Platform: Cryptobuyer’s web platform includes features that are designed to appeal to users of online platforms. These include fast KYC, security hosted by leading industry companies, multiple cash-in and cash-out options, simple registration, and so far. It has also integrated a utility bill payment service solution such as mobile phone top-ups spread across 180 countries with more than 600 operators. Mobile App: The mobile app of Cryptobuyer is intended to fit all of the solutions in one place and provide a simple and easy-to-use interface. It’s compatible with Android and iOS devices, and it guarantees broad access in emerging countries. How Does it Work? The overall strategy of Cryptobuer is to provide merchants with a better way to buy and sell digital currencies by expanding its international network of BTMs to markets where the demand is high. The stage is set for adoption. The Argentine Central Bank has requested for the private installation of ATMs to address the increasing deficit. Currently, Cryptobuyer has a partnership with the manufacturer of ATMs who are building hybrid ATMs. They can be interconnected with banks and have a functionality to buy and to sell digital currencies. Mexico, on the other hand, is the largest remittance market in the world. There are only five cryptocurrency ATMs in Mexico City. Venezuela is also presenting massive opportunities because of hyperinflation. Cryptobuyer has already made serious advances, partnering up with supermarket chains, as well as convenience stores, even including marquee names such as 7-Eleven. Token Use Cryptobuyer is issuing an ERC-20 token which is ticked XPT. It will allow token holders to claim a share of the gross revenue (fees) which are generated by all of the products of Cryptobuyer. The token represents a share in the success of the company, as well as of its business model. The reward will be distributed through a secondary token which is called CBPT - short for Cryptobuyer Profit Token. It will be pegged to the USD one to one. On the other hand, everything you need to know about the tokenomics is in the table below. CryptoBuyer’s Token Sale Token Sale Information Cryptoubuyer will take advantage of the relatively new fundraising model called Initial Exchange Offering (IEO). It will take place on cryptocurrency exchange Coineal.com on April 23rd at 15:00 UTC. The IEO will be consisted of two sessions and will allocate a total of 150 000 000 XPT tokens, each valued at USD 0.01. Session 1: Presale Time: April 23rd at 15:00 UTC - April 27th at 15:00 UTC Presale Supply of XPT: 50,000,000 Price per 1 XPT = $0.01 Bonus: 12% and 5% for referrals that invest Session 2: Public Sale Time: April 27th at 15:00 UTC to April 30 at 15:00 UTC Public Sale Supply: 100,000,000 Public Sale Price per 1 XPT = $0.01 Bonus: 10%, 5% for referrals that invest Once the sale is completed, the XPT token is going to be listed and included in Coinea

a year ago

Benjamin Netanyahu Wins Re-election, what it means for Bitcoin and Blockchain

Benjamin Netanyahu has secured a fifth term as the Prime Minister of Israel. The win was solidified by his rival, Benny Gantz, acknowledging defeat. The Nation Has Decided While conceding defeat, Benny said Israel is a democratic nation and the election results depict the “decision of the nation.” On the other hand, Netanyahu said that his victory will be reflected across the entire country without drawing lines between non-Jews and Jews because “the people of Israel, are the pillar of support of my life.” “I started holding talks with the heads of the right-wing parties, our natural partners, tonight. Almost everyone publicly declared that they would recommend me [to President Reuven Rivlin] to form the next government. I intend to finish the task quickly in order to establish a stable national government. This will be a right-wing government, but I intend to be the prime minister of all of Israel’s citizens, right and left, Jews and non-Jews alike.” It is this pillar that the Bitcoin and blockchain fraternity should also find refuge in. The re-election of Netanyahu is good sign as it possibly marks another four years of solid support for the Bitcoin and blockchain industry. The Prime Minister has been among the few world leaders who have seen the revolutionary power of blockchain and cryptocurrencies. Netanyahu has reached a point of giving traditional banks in Israel an early notice since they will soon be obsolete. Read: Over 1000 Bitcoins Seized in Israeli Fraud and Money Laundering Case For example, in December 2017, Netanyahu said that Bitcoin and blockchain will greatly disrupt the banking sector and “the banks will disappear.” While defending his views, the Prime Minister added that the main function of traditional financial institutions is to ensure the validity and security of transactions and transacting parties. Well, all these and more, according to Netanyahu, can be provided using blockchain technology. His thoughts were backed by notable figures like the CEO of Vanywhere, a P2P platform, Rami Shechter, and the founder of ZEN protocol, Adam Perlow. Shechter and Perlow believe that Bitcoin is more efficient than banks in providing an effective financial system The Former Prime Minister is Not a Fan However, Ehud Barak, the former Israeli Prime Minister, although he agrees with Netanyahu on blockchain technology, has a different view on Bitcoin. Barak noted that Bitcoin is a Ponzi scheme. Barack’s views seem to do less, if any, harm to the Israeli Bitcoin and blockchain community. Israel is among the fastest growing country in terms of blockchain, virtual currencies, and other emerging technologies. According to Sirin Labs’ chief marketing officer, Nimrod May, Israeli has upgraded from just being a start-up nation to being a crypto-nation adding that “this process, I believe, is what’s known in evolution as ‘natural selection.” According to May, “Blockchain technologies and the promise behind decentralized services is a profound and game-changing technology. It represents the combination of deep thinking, value creating and ‘seeing the light’ regarding the future direction of technology.” And, “These are all central to the Israeli technology ecosystem, which is why we are only at the beginning of the tidal rise of companies in Israel which are harnessing the potential of the blockchain.” Also Read: Ripple Partners With Israel’s Largest Financial Services Firm GMT. AkBAnk Successfully Starts Using It And, with the re-election of Benjamin Netanyahu, the “natural selection” will continue growing stronger. Reason? The Prime Minister’s party, Likud, will be entitled to 65 seats out of the 120 seats available in the legislative arm of the Israeli government, Knesset. Knesset is tasked with passing laws among other government-related activities. With more than half of the seats in the Knesset, Netanyahu will have a relatively easy time formulating laws geared towards the growth of Bitcoin and blockchain. While these laws will focus on the Israeli Bitcoin and blockchain industry, they can help create a cloud of possibility for countries that have doubts on whether to legalize Bitcoin. It’s Time to Join in the Celebrations For Netanyahu, when Bitcoin and blockchain will replace traditional banking institutions is a matter of time. Although the Prime minister is certain that cryptocurrencies will render banks obsolete, he is not sure if the coup will be led by Bitcoin or another virtual currency. As he ascends to power for the fifth time, the blockchain community should also gather to celebrate the win and also to see how best to engage the Prime Minister on matters Bitcoin and blockchain. The post Benjamin Netanyahu Wins Re-election, what it means for Bitcoin and Blockchain appeared first on Ethereum World News.

a year ago

Charles Hoskinson on the Idea of a Leaderless Society

As the co-founder of both the Ethereum and Cardano blockchains, Charles Hoskinson has a lot to say about the future of cryptocurrency. A System Without Regulators? In a recent interview, Hoskinson commented that the entire point of cryptocurrency is to lead people on what he calls a “leaderless” journey. That factors like one’s finances and personal data should always be controlled solely by the individual in question, and thus the government or corporations have no place in these areas. He also comments that a system without a governor of sorts presents a lot of challenges and problems which are likely to dominate the 21st century. Many businesses and companies are entertaining the idea of operating without executive teams, and he says this idea has both strengths and weaknesses: We really do have a governance crisis. This is the first time ever where we’re flirting with the idea of a corporation without a CEO or a country without a president. That is a very big challenge, and it’s something I think will consume the majority of the 21st century for the cryptocurrency space. Hoskinson was released from his position with Ethereum following a disagreement with co-founder Vitalik Buterin over which direction the company should take in its early days. He has continued to jab his former business associate and partner, saying that Buterin engages in a one-man operating scheme where one person leads developers on a quest to solve a problem. He says that this method doesn’t work the way it should: One brilliant founder, whether it be Dan [Larimer, co-founder of the EOS blockchain project] or Vitalik will lead a small group of crack engineers to somehow innovate and solve a big problem. Nothing gets done that way. He claims that for blockchain technology and cryptocurrencies to survive, founders and innovators must agree upon a set list of protocols that every leader in the space must follow: We’re not going to get there in the financial industry unless we have good standards to move value and information between all these different ledgers. We All Need to Come Together This, he says, has occurred with items like wi-fi and Bluetooth. He states that technology leaders agreed upon set methods and have stuck to them over the years, which is why the arena of consumer electronics have done so well as of late. Aside from his work with both Ethereum and Cardano, Hoskinson is also the chief executive of IOHK, a consulting and research firm in Hong Kong for blockchain and crypto-based projects. He is also an advisory member of Zen Cash, a privacy coin, and is a consistent proponent of Ethereum Classic, which he claims is the true version of the ether token. The post Charles Hoskinson on the Idea of a Leaderless Society appeared first on Live Bitcoin News.

a year ago

Zcash Exercises Restraint as the Antminer Z11 Release Approaches

Bitmain, the largest manufacturer of mining equipment, recently revealed the Antminer Z11 device for mining Zcash and other cryptocurrencies based on the Equihash algorithm, as reported by Cointelegraph on March 19. The company claims that the new chip is three times more powerful than its predecessor, the Antminer Z9, which was released nine months ago. Introducing the #AntminerZ11 that packs 3X more hashing power than its predecessor! The Z11 mines #Zcash under the Equihash algorithm. Performing with a hash rate of 135 KSol/s and power consumption of 1418 W. Click here (https://t.co/woThhXNxjd) to learn more. pic.twitter.com/HzCLKR7dVc — Antminer_main (@Antminer_main) March 19, 2019 Despite the fact that the Zcash team declined to comment on this news, the release of the Z11 produced mixed reactions among community members. Some of them believe that this is a new threat to network security, while others see the release as a potential for the growth of the coin’s price. ASIC resistance campaign In 2017, after Bitmain’s dominance of the ASIC market reached a peak with the release of Bitcoin (BTC) mining equipment, the Chinese giant set about developing specialized chips for mining other coins with large market capitalizations, such as Ethereum (ETH), SiaCoin (SIA), Monero (XMR) and Zcash (ZEC). High-performance miners allowed their operators to quickly gain a significant amount of coins, while the owners of such farms could also launch 51 percent attacks that allow one to usurp control of the network and manipulate transactions. Some developers decided to go along the path of changing their algorithms in order to make the network ASIC-resistant. Take, for example, Monero, which hard forked their network on April 6, 2018, after Bitmain announced the release of Antminer X3. The same path was chosen by Bitcoin Gold (BTG), which forked its network on July 3 after the Antminer Z9 was released. After a lengthy debate, the Ethereum team made partial modifications to the network on the way to its transition from proof-of-work (PoW) to programmatic proof-of-work (ProgPoW). The hard fork was implemented on Feb. 28 this year. Other projects abandoned the idea of ASIC resistance, and among them was Zcash. On May 3, 2018, Bitmain announced the release of the Z9 mini model for mining Zcash and other coins based on the Equihash algorithm. Zooko Wilcox, co-founder and CEO of the company, took a neutral position on the issue of ASIC resistance, saying that no changes to the network were planned. Later, a survey was conducted among members of the Zcash community, and the results showed that the majority of respondents voted against prioritizing ASIC resistance policy. Meet Z11 Typically, Bitmain announces its new models shortly before the start of sales, and this is exactly what they did with the Antminer Z11. On March 19, Bitmain announced the release of a new model for mining Equihash-powered coins, and the firm explained that the chip would be three times more powerful than the previous generation Z9 device. This time, Bitmain decided not to limit itself to the technical description of the product and made a special announcement paying specific attention to the Zcash community. The company promised to provide real-time updates on the volumes of supplies and its own equipment stocks, as well as to fight “hidden” mining: “To preserve the Zcash community’s values around security, reliability and accessibility, Bitmain had previously Tweeted real-time updates to ensure more transparency and will continue to provide shipping updates of the first batch of the Antminer Z11. These commitments to transparency will continue to provide the Zcash foundation and community with the security, reliability and accessibility they desire of manufacturers.” According to the manufacturer, the computing power of Antminer Z11 is 135 kilo solutions (135,000) per second (KSol/s). At the same time, energy efficiency of the device reaches 10.50 joules per kilo solutions J/KSol. The miner is based on a 12-nanometer chip developed using Bare Die casting technology for the best heat dissipation. This allows for a decrease in the cost of electricity by 60 percent in comparison with the Antminer Z9. Sold out in 20 minutes According to the manufacturer, the first batch of new miners was sold out just 20 minutes after the presale started, and some users believe this could be an orchestrated strategy designed to increase the price. It is noteworthy that, even after the tag “Sold Out” appeared, the price continued to increase. On the official forum, Zcash moderators raised an entire discussion to find out who managed to buy new ASICs and for how much. Users replied with numbers ranging from $1,048 to $1,366, and at the moment, Bitmain’s website has the Antminer Z11 listed for $1,384. Buyers will receive their first devices between April 20 and 30, as stated on Bitmain’s site. Despite the fact that the main sales are oriented to those who want to mine

a year ago

CoolWallet S Review: An ‘Everyday’ Wallet for Crypto?

The CoolWallet S, made by CoolBit X, combines hot and cold storage solutions, blending the mobility afforded by software wallets with the enhanced security features offered by hardware wallets. Branded as the “everyday wallet” for crypto users, the CoolWallet S is designed to be used on-the-go, allowing its users to track their investments, send and receive assets and instantly exchange currencies through Bluetooth-enabled, dual-device technology.The CoolWallet S retails at around $99. Unlike other hardware wallets on the market, its sleek design boasts not only the exact dimensions of a credit card, but also the durability of one. It claims to be waterproof, flexible and temperature resistant, as well as tamperproof.It offers a rechargeable battery that should last about a month and something called “2+1-factor authentication” — access through two devices plus biometric identification. Users can pair up to three devices with the wallet through an extra-secure Bluetooth connection.The CoolWallet S supports a wide variety of cryptocurrencies, including BTC, BCH, BNB, ETH, LTC, USDT, XRP, ZEN and ERC-20 tokens. It also integrates Changelly for instant currency swaps.Users interact with the device through a button located on its right-hand side and an e-paper screen, which displays the device’s remaining battery and a Bluetooth indicator when paired with something, allowing you to toggle between currencies to view the assets currently stored on it.Configuration and UseOverall setup should take about 10 to 20 minutes and seems fairly intuitive, with clear attention paid to the user experience through step-by-step instruction.Once you’ve downloaded the CoolBitX Crypto app to your mobile device and enabled your device’s Bluetooth, you can connect to your CoolWallet S by selecting the serial number that matches that of your card (found in the left-hand corner). A one-time password will appear on the e-paper that you then input into your mobile device to pair.Once paired, you will see an option to either recover or create your wallet, which is done by generating a new random set of seeds (with options of 12-, 18- or 24-word sets) through either the card or the app. You’ll then need to verify your seed phrase — the most tedious part of setting up any hardware wallet.You can pair up to three devices to your CoolWallet S by inputting the pairing password (located under the “pair” category of the app’s settings menu) to each new device when prompted, although the “allow new pairing” option must be enabled in order to add new devices. You can just as easily remove unwanted devices via a “device list” category in the settings.Although there is no PIN needed to access your funds, you can transact only if your CoolWallet S card is turned on and paired with your device. This is also where the 2+1-factor authentication comes in.(For full step-by-step instructions, check out the CoolWallet S user manual.)CoolWallet AppUsing the CoolWallet app is pretty intuitive. In the wallet tab, you can view your funds and easily add one of the cryptocurrencies supported by the wallet to the display by configuring the “coin display” option in the settings. Additionally, the wallet is fully integrated with Changelly, enabling trading capabilities within the safety of your cold storage wallet.Among the best features is the sliding transaction fee bar that allows you to increase or decrease the fee in accordance with desired transaction confirmation time. This sort of option is becoming increasingly common among crypto wallets.SecurityAlmost all exchanges and wallet solutions at this point, and even your most basic password-protected accounts like Gmail, offer an auxiliary layer of security through 2-factor authentication (2FA). Seldom addressed, however, is the fact that many users still set up their 2FA for various accounts on a device that is also used to access their crypto assets via an exchange or a software wallet.It may be unlikely that a hacker could orchestrate a cyberattack that would prove successful, but SIM card fraud, or “SIM swapping,” remains a threat to token holders whose 2FA is enabled through a single device.The CoolWallet S’s approach to multifactor authentication protects against this vulnerability through dual-device authentication with an optional biometric authentication layer.The CoolWallet S’s use of Bluetooth as the channel through which the wallet enables access to funds in the app may make some people wary. After all, when Bluetooth was created in the ’90s, it wasn’t exactly designed with security in mind. So how do you know your funds are truly secure when transmitted using this technology?The Bluetooth communication between the CoolWallet S and smart devices is encrypted using military-grade Advanced Encryption Standard 256, or AES-256. In terms of data security, AES-256 is not only an internationally recognized algorithm, but it’s also used by the U.S. Department of Defense, the National Security Agency an

a year ago

Introducing Randy Hilarski, Crypto Daily's Newest Ambassador

Crypto Daily are proud to introduce Randy Hilarski, a crypto enthusiast and the latest Crypto Daily ambassador, helping expand our global reach and putting yet another prolific face to our name. Randy is on board to help us spread our news across the globe, via his own social media channels and by donating a little bit of his own influence and expertise to us. Check out Randy online, ensure you follow to keep up to date with him! Steemit: https://steemit.com/@hilarski Twitter: https://twitter.com/RandyHilarski LinkedIn: https://www.linkedin.com/in/randyhilarski/ Youtube: https://www.youtube.com/channel/UCq4rEwW4A_dYFEKmZzKMFWw https://steemit.com Who is Randy Hilarski? Randy is an expatriate who shares information about CryptoCurrency, Bitcoin and life in Panama. He has been involved in the world of Crypto since January of 2014 when he bought his first Bitcoin. Since then Randy has consulted with and worked directly on 15 Crypto projects. Some of them include Steemit, Decent.Bet, ZenCash, Flashcoin, Aeryus, Mandala Exchange and Bitnational. Randy is a Blockchain agnostic meaning he doesn’t believe there is only one true Blockchain. His hope is that we can change the world for the better with Blockchain technology. Bitcoin is Randy’s favorite store of value but he asserts that he is not a Bitcoin Maximalist. We are very proud to have Randy on board and believe that he can bring a huge amount of knowledge and expertise to our growing brand and our growing team.

a year ago

@horizenglobal Our pleasure to help the Zen community! GINc...

@horizenglobal Our pleasure to help the Zen community! GINcoin & Platform & @horizenglobal delivering value for th… https://t.co/7p0hYJSQrN

a year ago

Crypto Debit Card Providers Are an Endangered Species

It’s hard finding a reliable way to spend your cryptocurrency. When BTC’s fees went sky high in 2017, many merchants were sent scurrying from the crypto arena and have yet to return. With the Lightning Network permanently six months away, and few established crypto payment gateways, crypto debit cards have become a popular means of converting to fiat. But due to the complexities of operating a crypto-fiat business while satisfying regulatory requirements, coupled with the whims of payment giants Visa and Mastercard, crypto debit card companies find themselves in a precarious profession. Also read: Spain’s 2gether Unveils Crypto Debit Card, as Polispay Is Forced to Cancel Its Mastercard The Trials and Tribulations of Crypto-Fiat Exchange Getting fiat money out of crypto is a lot harder than getting it in. In the past year, crypto debit cards have become an immensely valuable bridge between the fiat and crypto worlds. The two financial realms - legacy and future finance; centralized and decentralized money; fiat and cryptocurrency - don’t always sit well together. Crypto debit cards such as those offered by Bitpay, Wirex, and Revolut are routinely relied on by tens of thousands of cryptocurrency users for quick access to fiat. The cards score poorly for privacy but are highly convenient. As the holders of several crypto debit cards have discovered over the last 12 months, however, their issuers tread a regulatory tightrope. The agreements that crypto debit card companies have with payment processors are prone to being revoked at a moment’s notice, leaving businesses and their card-holders out in the cold. News.Bitcoin.com spoke to two crypto card companies, Wirex and Revolut, as well as point-of-sale service Paytomat, about the challenges faced when operating a crypto-fiat business. Winning Over the ‘BINs’ Wirex CEO Pavel Matveev began: “Blockchains are geographically borderless and can be accessed from any country. However, a crypto card is different and much more complicated, existing across numerous geographies and regulatory regimes. There are several challenges when trying to launch a crypto supported card in every country.” According to Matveev, these include the obligation for “the entity issuing the card and accounts to be licensed by the appropriate local regulator as an e-money/money transmitter institution or the local regulatory equivalent.” The Wirex CEO also explained the need for a “BIN sponsor” which refers to the company that possesses membership of a card payment network such as Visa or Mastercard. He revealed: “Several BIN sponsors were hesitant to work with Wirex at first when they learned that part of our model encompasses cryptocurrencies.” Since then, however, Matveev says that BIN sponsors have become more receptive to crypto. True Crypto Spending or Just an Illusion? News.Bitcoin.com also spoke to Paytomat, a crypto payment solution for merchants. The project, which is gearing up for an IEO on Exmo exchange, allows more than 18 cryptocurrencies to be spent online and in-store including BCH, ETH, ZEN, and BTC. The Paytomat team discussed the challenges of working in nine countries, which entails being cognizant of the regulations governing nations as diverse as Venezuela and South Korea, explaining: Education is still a major part of driving merchant adoption of cryptocurrencies. Once vendors can see how easy it is to integrate crypto into their existing merchant systems, without the need for additional hardware, they’re impressed. This will take time, but acceptance of cryptocurrencies at the point of sale is growing. Purists will argue that unless cryptocurrency is directly spent at the point of purchase, it doesn’t constitute a ‘true’ crypto purchase. This reasoning would rule out crypto debit cards, which oblige the user to exchange a lump sum of cryptocurrency for fiat and then use the debit card like a preloaded credit card. Regardless of how true crypto debit cards are to Satoshi’s original intentions, however, they remain the easiest way to spend cryptocurrency for now. The Rocky Road to Crypto Adoption “Our goal is to be available in every country legally possible,” asserted Wirex CEO Pavel Matveev. “However, the process is extremely time consuming and requires significant human and financial resources,” he conceded. “We are therefore taking a step-by-step approach and scaling at a sensible pace. Those now entering the market and intend to provide a crypto supported debit card will take time to catch up. The demands on human resources, processes, procedures and partners to support those are significant; most notably the dedication and complexity to comply with current regulatory requirements.” Matveev’s assessment of the dangers facing new crypto card companies is accurate, for while some projects are taking a leap forward in the industry, others have stepped back. Mexico-based Polispay has been forced to cancel its Mastercard cryptocurrency debit card for users outside of

a year ago

Bitmain’s New AntMiner Z11 Reportedly Sold Out in 20 Minutes

Bitmain, the Beijing registered behemoth, a crypto shaper and a world’s leader in the manufacture of ASIC devices, has released a new EquiHash oriented ASIC miner dubbed AntMiner Z11 retailing at $1,242. Claiming to pack three times the processing power of its predecessor, Z9, the roll out is a reprieve for miners angled at mining EquiHash powered proof of work coins like Zcash and Komodo. However, it the desire to upgrade that lead to a surge in demand and the AntMiner Z11 reportedly sold out in less than 20 minutes. More about AntMiner Z11 In a press release, the new miner outperforms competitors in both efficiency, energy consumption and other measures. It weights a mere 5.4 kilograms, has a hashing power of 135 KSol/s and by revamping its internal circuit structure, Bitmain were able to increase energy efficiency by 60 percent as the Z11 consumes 10.50 J/KSol. For better energy dissipation, Bitmain employed the latest Bare Die molding technology to create a proprietary TSMC 12nm chip. Better still, the safety of the miner has been taken into consideration and the new generation Antminer is stable and prevents dust accumulation. Since Bitmain commands a majority market share of ASIC miners and operates a private mining farm, any decision could have a ripple effect. In that case, —and considering previous allegations leveled against them and court cases—the chip-set manufacturer is keen to “preserve the Zcash community’s values around security, reliability and accessibility.” As a result, Bitmain is now committed towards improving transparency and to that end, they shall provide “real-time updates to ensure more transparency and will continue to provide shipping updates of the first batch of the Antminer Z11” read part of their official statement. Zcash and Coins Mineable Although Zcash utilizes the EquiHash proof of work as consensus and is the most liquid in this category, it is not the only coin that the Z11 can miner. Data from WhatToMine reveals that miners can shift their hash power to other similar networks like Komodo (KMD), Zcash Classic (ZCL) or Horizen (ZEN) although the decision won’t be as lucrative. Mining Zcash for a week turns in a 33 percent profit of $3.87 with a daily return of around 55 cents at current spot rates when we factor in mining difficulty, power costs—rated at $0.10KWH and network reward. What is EquiHash Based on the Generalized Birthday Problem, EquiHash is an asymmetric memory intensive PoW system developed by two respected crypto researchers from the University of Luxembourg. In this consensus system, mining power is directly proportional to RAM. Encouragingly and to prevent centralization claims, EquiHash is said to be ASIC resistant made possible by its RAM demanding nature. Being an expensive resource, ASIC miners would be deterred from launching their gear. All the same, Z9 and now Z11 is a prove that developing ASIC resistance over the long haul is challenging. The post Bitmain’s New AntMiner Z11 Reportedly Sold Out in 20 Minutes appeared first on Ethereum World News.

a year ago

Sending Bitcoin Into Space

You might want to keep your Bitcoin firm on the ground instead of sending it out into space but in a recent crypto project created by MediumSqueeze, they have chucked a proverbial message in a digital bottle into outer space which was paid for in the leading cryptocurrency. The Bitcoin enthusiast has taken advantage of the final frontier to help people around the world jump over the government and nations states to stay connected without the use of the internet. Users will be able to pay a fee in BTC to send messages through satellites which are operated by Blockstream. Powered by Spacebit.live, the messages signal growing zen for value, moving data, Bitcoin and crypto through outer space. The blockchain tech firm, Blockstream company that launched satellite services in August 2017 and allows users to make Bitcoin transactions through leased satellites. The firm has been developing the infrastructure for users that have limited internet access in mind. Spacebit is a satellite client of Blockstream which has a simple user interface that makes it easy for crypto fans and tech enthusiasts to write out their messages and click the ‘send message to space’ option. Through the Lightning Network, users make small payments, which are worth around three cents in Bitcoin and send messages that can be received by users equipped with a Blockstream Satellite receiver. One Twitter user @Grubles sent out a message into space at the start of the year through an early adopter of crypto. The message can be seen below and it is written in a journal/diary style of writing. “I kept a small amount of attention on bitcoin, and in 2016-2017, started following it closely, playing on testnet, and getting my skin in the game in 2017. The last year was amazing, I learned a lot, sent my first lightning testnet payment in early 2018, and was blown away, and got dizzy of the possibilities of the fast, cheap bitcoin micropayment possibilities. So here I am, left my job, I have some money to keep me up and I’m building my first raspberry pi lightning node, and broadcasting messages from satellites. Still feels surreal at times. So if you want to support some anon dev from a post soviet state, have at it, and thanks. My dream is to accumulate 1 btc, and I think that will be more than enough for the future.” Despite the ease of sending a message through platforms like spacebit.live and Blockstream, they do require a satellite dish connected to a PC, laptop or Rasberry Pi to finish off the transmission.

2 years ago


News courtesy of berminal.com
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