Hydro Protocol HOT

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Market Cap $ 2.574 MM (#518)
24h Volume $ 4.733 K
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The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

How cryptocurrency can help the unbanked has been a hot topic over the past 12 months. It is a laudable goal, but one that it is by no means easy to accomplish. One tech enthusiast and stablecoin startup employee, Steven Gilbert, experienced the struggles - and successes - of attempting to do so when he went to one of the poorest neighborhoods in Bogota, Colombia to encourage adoption. Also read: Why Colombia Has Become a Hotspot for Bitcoin ATMs A Crypto Social Experiment Inspired by a hurricane relief project in Puerto Rico he took part in, Steven Gilbert wanted to do something else charitable but this time related to one of his passions - cryptocurrency. Living in Colombia’s capital city of Bogota, the 30-year-old decided to help the needy in a poor, generally out of bounds area in the south of the city. There, he wanted to introduce the benefits of cryptocurrency to people who didn’t have bank accounts as part of an experiment. “I was interested in visiting this neighborhood which is largely unbanked and poor, and seeing how they would receive the idea of crypto. The takeaway was that they were interested,” he told news.Bitcoin.com. Steven, who is director of international operations at Reserve and now lives in California, went to the Ciudad Bolivar neighborhood and donated some of his own cash to nine families - 44 people in total - living there. He met them by visiting a community centre, Niños y Niñas Constructores de Sueños, that helps displaced people in Colombia. Most of the people he spoke to had phones, but no bank accounts, so he was able to show them Breadwallet and from there give them ethereum - 1 ETH, approximately $200 at the time of donation. Steven also embarked on a mission to educate the local people, who live far away from the banks and financial opportunities to be found in central Bogota, about the benefits of cryptocurrency, and how it can help them. “With one lady, I scanned the QR code, made the transfer and she could could see how much it was in pesos. She asked me, ‘Is that really what it’s worth?’ Her face lit up when I told her it was. She was fascinated to have digital cash,” he recalled. The Difficulties of Execution But there were a number of problems. Steven said that despite the enthusiasm among the community, the biggest issue was getting them to use the crypto. “I was trying really hard to get a merchant in the community to get them to use [crypto],” he said. “I was like ‘hey, I’m donating this money to a community, as part of an experiment it would be awesome if the people could use it.'” Despite managing to convince residents to download wallets - many had heard of Bitcoin so had a rough understanding what crypto was - the shopkeepers were harder to sway: “The merchants I spoke with in Ciudad Bolivar hadn’t heard of bitcoin or other cryptocurrencies, so I was starting from square one in terms of educating them. If I had more time, I’m confident I could have brought several merchants onboard but I was time constrained because I was leaving Colombia.” When Steven did leave, he left them with the knowledge of Localbitcoin.com and of Bogota’s many crypto ATMs. He also left them with a list of stores and restaurants that accept the cryptocurrency. He said: “The main thing was education. At minimum I wanted to see how they would receive crypto. The biggest benefit is a lot of these people don’t have bank accounts, they’re not tapped into the banking system, so one really cool thing about crypto is you don’t need anyone’s permission to download a crypto wallet. Once you know how to do it, you’re effectively banked.” Other difficulties included the logistics of introducing crypto to just a small section of a neighborhood. “The area was dangerous, I could only be there in the daytime. I would have done more training workshops but because I wasn’t giving it to the entire neighborhood - only a handful of households - it could’ve created tensions,” he said. But Steven said that despite the difficulties of performing the experiment solo, it was easy enough to introduce unbanked people to cryptocurrency and get them enthusiastic about the concept. Since starting a role that specializes in introducing crypto to countries that struggle with hyperinflation, he added that all it would take is a bit of extra manpower and resources. “These people were very interested and excited at being part of a financial system. They were very open to the idea and I think we could get entire communities using crypto in the future.” What do you think about Steven’s social experiment? Let us know what you think about this subject in the comments section below. Image credits: Steven Gilbert At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post The Struggles and Successes of Introdu

3 days ago

Confused About Which Wallet to Use for Storing Litecoin?

Litecoin, like the broader crypto-currency market, can be difficult to make sense out of. Choosing a Litecoin wallet can send even an experienced user into a tailspin. The truth it is actually more straight forward than you think. Take for example Jubiter LTC wallet, it comes with a host of unique and updated features to make it both easy to use and secure. Jubiter LTC Wallet Features The Jubiter LTC wallet offers a massive host of features compared to other crypto wallets. Sure, some aren’t unique to Jubiter themselves, but they’ve gone the extra mile to ensure that they stand out from the crowd. Security Every crypto wallet offers built-in security, but very few offer the level of protection that Jubiter offers. For example, Jubiter has an end to end encryption with regular internal auditing to ensure both your data and your coins are safe. It goes far beyond encryption though access to your account is also secured. Your account is protected by two-factor authentications using the google authenticator tool. Even Jubiter staff cannot access your account. Perhaps most importantly they offer hot and cold storage with 80% of clients funds be held in cold storage. The result, you’ve got one of the safest, if not the safest, crypto wallet on the market. Ease Of Use Many crypto wallets can be almost as confusing to use as cryptocurrency is in general. However, the opposite is true here. Jubiter was built from the ground up not just to be as secure as possible, but to be as easy to use as possible on top of that. Because of that mindset from the beginning, it has one of the most user-friendly interfaces possible, without sacrificing anything else. It’s compatible with many of the more common cryptocurrencies, such as Bitcoin and Litecoin. Coupled with its ease of use, it’s extremely easy to switch between different currencies and make trades at the click of the button. Customer Service Everyone’s has a customer service horror story, when you couldn’t get in touch when something went wrong, or times where you were kept waiting for hours. However, with Jubiter’s dedicated customer service team that’s available online and across their entire social media network, it’s almost impossible not to get in contact with them. Jubiter has a customer service team that works from 8am to midnight Monday to Saturday, so you’ll be able to get in contact with them anytime you need it. This is perfect, since with financial matters you can’t exactly wait too long, so having someone on the other end when you need them is one of the most relaxing things you can have. Affiliate Program Almost everyone has thought about joining an affiliate program at some point or another. However, they can be extremely confusing, with a load of difficult to understand terms and conditions. The same can be said for most crypto wallets that offer any affiliate programs. But, as you’re probably already assuming, this isn’t the case with Jubiter; it’s one of the few Litecoin wallets that offer a fully transparent affiliate program. With simple tracking systems and more, coupled with how easy to use Jubiter is in general, it’s one of the most efficient and transparent affiliates programs in the crypto world. The post Confused About Which Wallet to Use for Storing Litecoin? appeared first on ZyCrypto.

3 days ago

Crypto Market Wrap: Gone in 60 Minutes, $8 Billion Just Dumped

Market Wrap Crypto markets have just fallen off the cliff; Ethereum, Bitcoin Cash, Binance Coin and Neo hurting bad. The cycle continues as yesterday’s pump turns into today’s dump. Crypto markets have again failed to hold any short term gains and are falling back once again. Total market capitalization is back below $130 billion as the cycle rinses and repeats and $8 billion gets wiped out in a mere hour or so. Bitcoin bounced off intraday highs of $4,060 twice before beating a retreat. A massive dump has just initiated as one huge red hourly candle knocked BTC back below $3,850 wiping out recent gains and resulting in over 5% declines on the day. Ethereum is in more pain shedding 8.5% back to below $140 as it too falls off the cliff and hits a new low for the week. Market cap is back below $15 billion and Ripple’s XRP is snapping at ETH’s heels again. Only losing 3.5% at the time of writing, XRP is just $100 million behind Ethereum, a re-flippening is imminent. The top ten has all been smashed in the past hour or two, all aside from Tron which is still up on the day by a good 15%. TRX briefly broke the $2 billion barrier before pulling back below it a few hours ago. Bitcoin Cash as usual has been trounced with a 11% slide back below $145, Litecoin and Bitcoin SV are both dropping 8%. The two altcoins in the top twenty getting hit over 10% right now are Binance Coin and Neo, and Monero and Ethereum Classic are not far behind. Things are that bad in the top twenty that another stablecoin has entered it, USDC is now at 19th spot as Maker and Zcash fall back. Tron is the top altcoin in the top one hundred right now, in fact it is the only one making double digits as the rest of crypto land dumps again. Yesterday’s two fomo recipients are dumping all their gains today, namely Holo and Pundi X, both shedding over 15% on the day. Total market capitalization has fallen back to $129 billion over the past hour. This is a loss of over 5.5% on the day as $8 billion exits in less than 60 minutes. Daily trade volume is at $18 billion but it is all outflow at the moment. The sideways channel is still holding up for now but gains over the past week are now digital dust. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Gone in 60 Minutes, $8 Billion Just Dumped appeared first on NewsBTC.

3 days ago

#DCC updates hot off the press ...

#DCC updates hot off the press https://t.co/lfxJhbEZtN Check out our own development progress and learn more about… https://t.co/juzM7wZcm9

4 days ago

Better Late than Never in $1 Million Payoff for KODAKOne’s Blockchain Entry

Image rights management platform KODAKOne has revealed to Breaker Mag that the beta testing of its image rights Post Licensing Portal has generated over USD 1 million in licensing claims within a short period of the test. The Kodak company filed for bankruptcy in 2012 when it struggled to keep up with the shifting technology landscape toward digital images. However, it found its way into the blockchain industry with the intent of creating a digital rights management platform for photographers. About a year ago, Kodak CEO Jeff Clarke was quoted by news outlet Fortune as saying: “For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem.” Back then, when the old business giant announced its entry into the blockchain industry, it rattled a lot of spectators as stocks soared by as much as 70% on the same day. This followed with criticisms describing the move and its partnership with RYDE (then WENN Digital) as cashing in on the blockchain and ICO hype. Some even called it a “last desperate bid for relevance”. While it was true that Kodak hopped on the crypto-frenzy bandwagon in early 2018, the same can be said about them being partakers of the 2018 market downturn. However, a year later and KODAKOne looks like one among a few who stand true to their intent of making something tangible out of the blockchain. Today, the story is different as they have both proofs of concept and value for their initiative. The platform is currently built on a hybrid infrastructure that leverages the Ethereum, Stella, and Hyperledger technologies. Still, small victories aren’t always conclusive in crypto world, as it’s only been a year, however, they may have made their way to some investors watchlist for the long term with this success story. More importantly, perhaps it is too soon to call driving blockchain initiative a lost cause for startups and traditional businesses seeking rejuvenation. KODAKOne co-founder Cam Chell also told Breaker Mag that in the future, the project “hopes to meld AI, cryptocurrency payments, and on-chain metadata to open up a potentially major new source of income for professional photographers, and maybe even amateurs”. It is indeed safe to say that the bearish trend of the cryptocurrency market isn’t the entire story for 2018. There are startups digging their heels into refining their core processes, some have had to reevaluate their organizational structures in other to accommodate for the top performers. This goes on to prove that the value of the blockchain industry transcends speculation. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Better Late than Never in $1 Million Payoff for KODAKOne’s Blockchain Entry appeared first on BitcoinNews.com.

5 days ago

Extensive Holo Price Pump Starts to run out of Steam

There is no such thing as a standstill when it comes to cryptocurrencies and digital assets. In fact, it seems, things are heating up among specific altcoins, which will undoubtedly lead to some interesting speculative charts. For those users watching the Holo price, things are looking quite impressive right now, Solid gains across all departments show interest in this altcoin is picking up steam. Holo Price Trend Continues Over the past few days, there haven’t been too many cryptocurrencies, tokens, or assets which effectively noted a solid gain for more than a few hours. One notable exception is Holo, an altcoin which tends to rise in value rather regularly. Unlike its counterparts, however, this altcoin not only sustained its recent gains but kept on going higher in the process. That in itself is rather remarkable, under the current circumstances. Over the past 24 hours, there has been a notable Holo price increase across the board. Not only did the altcoin gain 15% in USD value, but its BTC and ETH values all rose in a very similar manner. As such, one HOT is currently priced at $0.000726, which means a further jump may be on the horizon. At the same time, a multi-day value increase is not something to support all that easily either. On social media, the current Holo price action has a lot of people excited for rather obvious reasons. Cryptunez is wondering if Holo can become the “next” Tron of Verge in terms of its branding, ticker awareness, low value, and high expectations. It is a possibility, but currencies should only derive value from technical advancements or real-world adoption, rather than FUD and rumors. Is $HOT the next $TRX / $XVG -Low sat-Sick ticker-High hopes-Quality FUD-Wild rumors — cryptunez (@cryptunez) January 8, 2019 Rahul Bijlaney is looking at Holo from a slightly different perspective. Unlike looking at things from a community point of view, this user is simply interested in making money. Such honesty is somewhat unusual where smaller-cap altcoins are concerned. The proposed price targets seem all pretty appealing as well, although hitting any of them will require a fair bit of work first and foremost. #HOLO (#HOT) safe buy is above 17Target 32, 47, 53, 63Stop is at 8#cryptocurrency #cryptotrading #altcoins #altcointrading #cryptotrading #CryptoCurrencies — Rahul Bijlaney (@RahulBijlaney) December 19, 2018 Last but not least, there is the tweet by Crypto Jay which seems to sum up the current Holo price action rather aptly. This user confirms Holo is currently going through a pump cycle which might not necessarily be based on any actual developments or use cases. That doesn’t mean there is no money to be made in the process, but it is always important to put current events in their correct perspective. Good morning to all my Holo believers !! Let get they day going and continue this hot pump !! #holo #holochain #positivevibes — Crypto_jay (@Cryptojay14) January 9, 2019 Based on the current market circumstances, one has to wonder if and when the Holo price surge will collapse. Although there is a fair bit of trading volume and plenty of “hopium” among holders, it is evident a correction will kick in sooner or later. No market will rise in value indefinitely, especially not where altcoins and assets are concerned. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Extensive Holo Price Pump Starts to run out of Steam appeared first on NullTX.

5 days ago

Altcoins Daily Preview: Litecoin (LTC) and IOTA (IOT) Set for $50 and 50 Cents

Latest IOTA News Like other altcoins, IOTA prices are moderately recovering. It’s not a banger as expected but still, after 2018 pain, any upward trajectory is welcomed. At the moment, IOTA is up 4.3 percent in the last 24 hours and after talks of Coordicide in the last days of December, IOTA is scaling up rolling out products and announcing new partnerships. Center stage is Chat.ixi, a new ad free, private chatting application that runs on the IOTA Controlled Agent (ICT). What’s special is that the app is not an information trawler. Read: Today’s Double Digit Gainers: Tron (TRX), VeChain (VET), ChainLink (LINK) and Holo (HOT) ICT is a light node, an experimental test net designed specifically to sate the needs of Internet of Things. The project is a brainchild of Samuel Rufinatscha and Lukas Tassanyi. Lukas is better known as MicroHash in IOTA forums. A Computer Science Graduate from the University of Dresden, Lukas was actively involved in the IOTA Spam Fund, an initiative tasked with spamming the IOTA network in a bid to speed up transaction processing. Also read: Could Russian Rumors Be Reviving NEO? Surges 15% Today By launching Chat.ixi, ICT now has a “face” and is one way of demystifying the futuristic capabilities of IOTA eXtension Interface or IXI. The team say IXI is an “interface is kept rather slim and modular by design, in order to decouple those apps, called IXI modules, as much as possible from the underlying ICT communication protocol.” IOTA (IOT/USD) Price Analysis To reiterate, IOTA is making good progress against the USD. It is up 4.3 percent at the time of press and trading within a bullish breakout pattern after high volumes swings of Dec 20 bull bar—28 million against 12 million, took it above the 30 cents barrier. In a classic breakout pattern, traders were better place to load up at spot prices because consequent moves also propelled IOTA above the six-month resistance trend line meaning buyers were firmly in control. At the moment through, obstacles to upside are present at 40 cents and in an uptrend, aggressive traders can buy at current rates. However, a conservative approach is to wait for clean breaks above Q3 2018 lows at 40 cents. Because it will be a breakout pattern, accompanying volumes should be above current average of five million. Thereafter, first targets will be 52 cents or Nov 2018 highs with stops at 34 cents. This will be our IOT/USD trade plan: Buy: spot, 40 cents Stops: 34 cents First Targets: 52 cents Litecoin (LTC/USD) Price Analysis Today, we are likely to see Litecoin (LTC) replace Stellar (XLM) as the sixth most valuable coin in the space. Not only is LTC performance exemplary but trading conditions as set out in previous trade plans have been met. As visible from the chart, LTC is trading above $35 minor resistance after breaking above it on Jan 6 at the back of high volumes—459k versus 226k average. Because of this, traders can load at spot with first targets at $50 as follows: Buy: Spot Stop: $35 Target: $50 All charts courtesy of Trading View—BitFinex and CoinBase This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: Litecoin (LTC) and IOTA (IOT) Set for $50 and 50 Cents appeared first on Ethereum World News.

5 days ago

Today’s Double Digit Gainers: Tron (TRX), VeChain (VET), ChainLink (LINK) and Holo (HOT)

Today, Wednesday the 9th of January 2019, found several of the top 100 cryptocurrencies in the green as reported by Coinmarketcap.com. The King of Crypto - Bitcoin (BTC) - is currently trading at $4,059 and up 1% in the last 24 hours. Ethereum (ETH) on the other hand is firmly back in the number 2 spot with a current value of $152. A cool $900 Million in market cap separates ETH from XRP which is currently valued at $0.368. Today’s Double Digit Gainers It is with the resurgence of Bitcoin from $3,800 levels to the current value of $4,059 that has spearheaded the crypto markets to gain $7 Billion in total market capitalization since Sunday 6th January. At the moment of writing this, four top 100 cryptocurrencies are exhibiting double digit gains due to the current positive ‘mood’ in the markets. They are: Tron (TRX) - 9.98% VeChain Thor (VET) - 10.59% ChainLink (LINK) - 11.95% Holo (HOT) - 16% A screenshot of their market performance as seen on coinmarketcap.com can be found below. Fundamental Reasons for the Gains Looking at TRX, the digital asset has had some momentum ever since the Tron Virtual Machine went live last October. What then proceeded, was several technical developments such as an increment of DApps on the network and BitTorrent announcing its native token on the Tron Network only days ago. The launch of BTT on Binance launchpad will further push Justin Sun’s vision of decentralizing the web as envisioned via Project Atlas. There is also the NiTRON summit in San Francisco on the 17th and 18th of this month. When we observe VET, the crypto had more or less stagnated in the crypto markets through the holiday season. Many crypto traders had believed that the digital asset had bottomed out and was ripe for a move up. The current market conditions have provided an ideal environment for the digital asset to thrive. The same can be said with respect to ChainLink (LINK) and Holo (HOT). In the case of HOT, Weiss Ratings had given it two thumbs up by stating that its network is a perfect model of how distributed ledger technology should be. The November tweet by Weiss Ratings can be found below. We just finished reviewing #Holochain - wow, is it good! It’s the first coin we tested that got “Buy” rating on its first review! This is #DLT the way it’s supposed to be! Kudos to developers who created this amazing piece of tech! #crypto #cryptocurrency — Weiss Ratings (@WeissRatings) November 2, 2018 What are your thoughts on the current double digit momentum exhibited by Tron (TRX), VeChain (VET), ChainLink (LINK) and Holo (HOT)? Do you think it will be sustained? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Today’s Double Digit Gainers: Tron (TRX), VeChain (VET), ChainLink (LINK) and Holo (HOT) appeared first on Ethereum World News.

5 days ago

Daily Berminal Brief: Sideways Trading Day for the Crypto Market

The overall cryptocurrency market has traded sideways on Tuesday as the total market cap has hovered around the $136 billion dollar level. Bitcoin reflects this movement as its price is currently 0.04% higher than it was yesterday and trading at $4,031, while Ethereum has seen a 1% decrease and is trading at $150.45. Out of the top 100 coins, Holochain (HOT) has performed the best over the past 24-hours, currently up 23% and trading at $0.000716. (JF)

5 days ago

Winklevoss Twins Still Set to Make Bitcoin ETFs a Reality

CoinSpeaker Winklevoss Twins Still Set to Make Bitcoin ETFs a Reality The Winklevoss twins are not going to give up on making Bitcoin exchange-traded funds (ETFs) a reality, as they stated during an Ask Me Anything (AMA) session on Reddit today, January 7, which covered many tricky questions related to Bitcoin’s future, Gemini exchange and cryptocurrencies in general. An exchange-traded fund represents itself a basket of assets that can be united together and sold as one product. Properly, each application for ETFs should be approved by the Securities and Exchange Commission (SEC), so that to make them legally tradeable in the United States. As a comprehensive reply to the question about whether or not Bitcoin will keep its number one position among cryptocurrencies, Cameron Winklevoss stated: “Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.” Concerning the both brothers’ ambition to finally make Bitcoin ETFs a reality, the Winklevosses said that they are going to continue working on further attemps are not planning to stop, despite their two preceeding failures. The first application for a Bitcoin ETF was rejected by the SEC in March 2017, while the second was declined later in July 2018. During the AMA session, Tyler Winklevoss expressed his strongest belief in Bitcoin by calling it ‘gold than gold’: “Our thesis around bitcoin’s upside remains unchanged. We believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of bitcoin will surpass the ~7trillion dollar market cap of gold.” Answering the question on the relative importance of blockchain versus cryptocurrencies, both brothers agreed that one cannot exist without the other, comparing that blockchain without cryptocurrencies is like ‘calling AOL the Internet’. In 2014, Cameron and Tyler Winklevoss has founded Gemini, a licensed digital asset exchange and custodian built for both individuals and institutions. In September 2018, they launched the Gemini dollar (GUSD), which is reportedly backed by United States dollars that are held at a bank located in the United States and eligible for FDIC ‘pass-through’ deposit insurance, subject to applicable limitations. Gemini Exchange is still very much a work in progress, not offering tokens and features that other exchanges across the world serve. This fact brought about another tricky question, which was asked during the AMA session. It was related to the Bitcoin’s latest technology, which for some reason has not been implemented on Gemini yet. The Winklevosses explained: “Our Bitcoin hot wallet was made before Segwit was but a twinkle in Pieter Wuille’s eye. It would be very tricky to retrofit Segwit into there. So we built a new hot wallet, from the ground up, with support for Segwit, transaction batching, Bech32 addresses, and all sorts of other goodies. We used that new system for Zcash, Litecoin, and Bitcoin Cash, which is why we’re already using both native and P2SH wrapped Segwit for Litecoin. We’re working on migrating Bitcoin to the new system, and it should be done in Q1.” Whether or not the brothers will succed in their attempts is yet to be seen. Some experts believe that if they move their focus outside the US, the chances would be more realistic. Winklevoss Twins Still Set to Make Bitcoin ETFs a Reality

5 days ago

Bitcoin [BTC] is better at being gold than gold; will surpass the $7 trillion market cap, say Winklevoss twins

Tyler and Cameron Winklevoss conducted an AMA on Reddit on r/IAmA subreddit, where they spoke about a plethora of topics and mostly about Bitcoin and its future. The topic even included questions from users regarding Gemini’s fee structures. A Reddit user, YRuafraid referred to Winklevoss’ AMA of 2014 when the brothers predicted that Bitcoin price would hit $40,000 per BTC. The user asked if the same was still true. Winklevoss replied to this question: “Our thesis around bitcoin’s upside remains unchanged. We believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of bitcoin will surpass the ~7 trillion dollar market cap of gold.” The Reddit users quickly calculated that if this were to happen [assuming the circulating supply of BTC at 21 million] it would put the price of Bitcoin at $333,3333 per BTC. A user, Noeel asked: “Do you think Bitcoin will allways be Crypto #1?” To the above, Winklevoss replied: “Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.” The users moved from price predictions to a much more intense question regarding Gemini exchange. A user Vinyl_Steelworks asked: “If you’re so committed to Bitcoin, why hasn’t your exchange implemented the latest Bitcoin technology yet? Things like implementing Segwit and transaction batching would not only benefit both your exchange and your customers but also the network as a whole.” Winklevoss replied that their hot wallet was developed before SegWit was up and running and that trying to “retrofit” SegWit into existing wallets would be a tedious job. He continued that there was a new hot wallet in development which would support “SegWit”, “transaction batching”, “bech32 addresses”. Winklevoss even added that there would more features available for the users which are still in the development stage. Moreover, Winklevoss confirmed that the SegWit implementation was already tested on Litecoin, Zcash, Bitcoin Cash. As for Bitcoin’s SegWit implementation, Winklevoss confirmed that it will be by Q1 of 2019. The AMA took a serious turn when a user asked about their views on the future of crypto ETFs and Security Token Offerings [STOs]. The user RealOzSultan asked: “What’s your short term plan to gain approval on Crypto ETFs and longer term where do you see STOs?” Bitcoin ETF is one of the most discussed and awaited product that is yet to be launched or even approved by the authorities. Bakkt, which was supposed to launch the ETF on January 24, 2019, has postponed the launch date to an unspecified time in the future. Winklevoss appreciate the question and replied: “We understand the Commission’s concerns and are working hard to address them (i.e., increased marketplace surveillance) w/ the following steps: 1. Marketplace Conduct Rules - we implemented this to foster a rules-based marketplace. 2. Marketplace Surveillance - we have partnered with Nasdaq to implement Nasdaq’s SMARTS Market Surveillance technology to monitor the Gemini marketplace. 3. Market Surveillance Team - we have built an in-house team to monitor out marketplace for manipulative and deceptive practices. 4.Virtual Commodities Association - we are helping stand up an industry-sponsored self-regulatory organization for virtual commodity exchanges. We are committed as ever to making an ETF a reality!” Winklevoss twins have pushed the ETF twice for approval by the U.S.’ Securities and Exchange Commission [SEC], once in July 2018 and the other in March 2017. The post Bitcoin [BTC] is better at being gold than gold; will surpass the $7 trillion market cap, say Winklevoss twins appeared first on AMBCrypto.

5 days ago

Tron Price Analysis: TRX Surge, can it Flip Ethereum to Second?

Tron price is up 39.5 percent from last Tuesday Platform is attracting gamers thanks to Tron Arcade Transaction volumes are fair and trading within a bullish breakout pattern. No doubt, Tron (TRX) is one of the best performers in the last week. It is up 39.5 percent at the time of press and trading within a bullish breakout pattern after clearing 2.5 cents. At this rate, TRX may end up testing 4 cents by the end of January. Tron Price Analysis Overview There are no permanent positions in the top 10. A simple glance at coin trackers’ statistics and it is clear that coins are tussling as they climb up the liquidity table. A case in point is Tron-and days disparaging comments from Stellar’s Jed McCaleb, Justin Sun may be actualizing his realities of making TRX one of the most liquid coin. At spot rates, TRX is up 11.8 percent in the last day, and a massive 39.5 percent from last Tuesday meaning the coin is now trending at ninth. Of course, this is endorsing for traders reeling from 2018 damage. Fundamentals Buoying these are fundamental developments and a superior platform that platforms launched in legacy smart contract and dApp launching sites are finding irresistible. Aside from EtherGoo and BitGuild, Tron has ambitious plans of attracting developers who will instead roll out dApps surpassing those at EOS. EOS is in hot water after allegations arose that a major part of its blockchain governnance, led by Chinese crypto exchange Hubobi, may be involved in a corruption scheme. EOS’ parent company and Huobi issued public statements, and refrained from admitting or denying the charges. — John_Addington (@340mm) October 6, 2018 As we know EOS use the same dPoS consensus algorithm and Block Producers but with allegation—and evidence of bribing, corruption and centralization claims, Tron “purity” might, after all, be the last haven for developers seeking stability and support. I have submitted Proposal #13 to modify the energy limit to 100 billion, which will be effective on Sunday 20:00 PM(GMT+8), please vote for proposal #13. #TRON #TRX $TRX https://t.co/RtTvuRlTgg — Justin Sun (@justinsuntron) December 27, 2018 Then again there was approval of Justin Sun’s Proposal 13 which aims to reduce smart contract costs and energy limits from 20 Sun to 10 Sun. Candlestick Arrangement Price wise and TRX is bullish and trading within a bullish breakout pattern. As visible from the chart, not only are TRX prices above 2.5 cents confirming gains of mid-Nov 2018 but the breakout is at the back of above average volumes—26 million versus 13 million. Because of this, it is clear that TRX bulls are in charge and may reverse Nov 2018 losses. Everything else constant, both set of traders should buy TRX at spot prices—or wait for pullbacks in lower time frames- with first targets at 4 cents and stops at 2.1 cents. Technical Indicators Transaction volumes are above average, and while today’s breakout volumes—26 million- didn’t exceed those of Nov 20—65 million, it was double the current averages of 13 million. As a result, we expect TRX bulls to print higher in coming days. All Charts Courtesy of Trading View-BitFinex Disclaimer: Opinions are those of the author. Do your Research. The post Tron Price Analysis: TRX Surge, can it Flip Ethereum to Second? appeared first on NewsBTC.

5 days ago

Bitcoin Price Analysis: Curb Your Enthusiasm!

Bulls made a surprising move but the follow through was less than satisfactory. Will Bitcoin price sustain above $4,000? Bitcoin Price: Market Overview At last, the bulls made a strong move but it is not as convincing as it could be. Regardless of what a weekly and monthly chart show, bullish analysts were clearly excited by this upside move and the press is hot with stories about trend reversals and a bullish start to 2019. 4-Hour Chart As the 4-hour chart shows, a break above the psychological resistance at $4,000 took place but a more convincing move would be to see follow through or consolidation that leads to a move above $4,240 over the next 48-hours. Failure to break above this level should be a point of concern and in spite of all the bullish, ‘trend reversal’ talk and general investment optimism that comes with the arrival or a new year. Traders should remain realistic and recall that a bird’s eye view of the weekly and monthly chart for BTC/USD and nearly every other cryptocurrency shows the market still in the firm grasp of bears. At the time of writing bitcoin price 00 appears to be finding support at $3,990, after visiting this region thrice. A sharp bear cross between the 5 and 10-MA can be clearly viewed and for the short-term Bitcoin needs to gain above $4,030 to maintain bullish momentum. Traders would do well to keep to the basics and reference the 5, 10, 20 and 50 moving averages, RSI, Stoch, MACD, heck, even the Bollinger Band indicator to confirm any bullish setups before engaging with bitcoin, and of course, use a stop loss. Bitcoin is still more unpredictable than undetonated ordinance from WWII so swimming naked and over-exuberant trading is not advised. To end things on a positive note (at least for bulls), the BTC/USD Shorts chart shows a considerable reduction in shorts so some of the overhead pressure has been removed for the next attempt Bitcoin makes at $4,100. BTC-USD Shorts In the event that Bitcoin price is able to overtake $4,088 and $4,241, $4,415 would be the next crucial resistance level to tackle. As mentioned earlier, traders should remain cautious and curb their enthusiasm as any Bitcoin price under $6,500 is just a lower high, so there’s still plenty of work to do. [Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Coinbase and Bitfinex. The charts for analysis are provided by TradingView.] Where do you think Bitcoin price will go? Share your thoughts in the comments below! Images courtesy of Shutterstock, Trading View. Market data sourced from Coinbase, Bitfinex The post Bitcoin Price Analysis: Curb Your Enthusiasm! appeared first on Bitcoinist.com.

6 days ago

Upfiring vs. Tron’s Project Atlas - A comparison of the two incentivized torrenting platforms that reward seeders for contributing to the network

P2P file-sharing has become a hot topic in the cryptocurrency world recently as Tron announces its planned release of BitTorrent Token (BTT). As of writing this article, there are no widely-scalable torrenting systems that incorporate blockchain and reward seeders. The current system - frequently relying on downloading/uploading ratios - only incentivizes uploading by forcing seeders to upload/seed in order to keep a specific ratio. But what if there was a system that made seeders WANT to seed? Both Project Atlas (BitTorrent) and Upfiring are two blockchain projects taking on this challenge - albeit with different approaches to the issue. Here are several key differences between the two systems. BitTorrent’s system, including using a BTT-aware client - will be optional. Upfiring’s will be mandatory. Users can proceed to use BitTorrent as they have been, even after Project Atlas and the BTT token are released. BTT-aware clients will allow users to offer incentives to seeders and earn BTT themselves through seeding. Meanwhile, Upfiring creates an entirely separate system through the creation of Upfiring files, with the file extension .ufr (jnstead of .torrent). Upfiring files are encrypted and packaged with price information, in UFR, and require downloaders to pay the UFR price in order to decrypt the files and access the contents inside. Project Atlas uses state channels, Upfiring uses smart contracts While both projects reward seeders with a token, they have different mechanisms of doing so. Project Atlas has elected not to incorporate smart contracts into their file-sharing method and instead use something called state channels, which allow token transfers to occur between 2 peers - which are then subsequently settled on-chain. Upfiring, in contrast, uses several smart contracts on the Ethereum network. These smart contracts distribute funds between all seeders of a file and allow users several capabilities such as depositing, withdrawing, and several others. Upfiring is an emerging project, Project Atlas is already building on a huge one It’s no secret that BitTorrent is extremely widespread. There are, according to BitTorrent, hundreds of millions of users already on the network. Meanwhile, Upfiring is a newer project founded in early 2017 that is still building a userbase. In addition, Upfiring’s (UFR) market cap is nearly 1000x less than Tron’s (TRX). This makes Upfiring a high-risk, high-reward investment - while TRX is generally more “established” and well-known in the space. One thing is certain - this is an excellent use-case for the cryptocurrency. It solves the long-standing seeder issue - that is, seeders having no reason to continue seeding a file after downloading it. It remains to be seen which of these projects will capture the majority of the market, as both are in their early stages. Right now, Upfiring has a prototype dapp available - found here: https://github.com/upfiring/upfiring-update/releases. Meanwhile, Project Atlas has just released their official BTT Whitepaper, which can be found here: https://www.bittorrent.com/btt/btt-docs/BitTorrent_Token_Whitepaper.pdf The post Upfiring vs. Tron’s Project Atlas - A comparison of the two incentivized torrenting platforms that reward seeders for contributing to the network appeared first on ZyCrypto.

7 days ago

Ethereum Price Uptrend Stalls Following Steep ETH/BTC Losses

After enjoying a rather positive wave of momentum it seems the Ethereum price action is stuck in sideways momentum again. Despite a minor gain in USD value, the losses in ETH/BTC are piling up fairly quickly. This has some users concerned, even though it seems no real changes should be expected prior to the upcoming Constantinople hard fork. Ethereum Price Trend Stalls A lot of Ethereum enthusiasts are looking forward to the upcoming Constantinople network upgrade. This new development will create another hard fork of Ethereum, although one that also paves the way for reduced block rewards and an eventual switch to proof-of-stake. Despite a failed test launch of Constantinople earlier, it appears most of the kinks have been ironed out in recent weeks. The hard fork “excitement” doesn’t necessarily reflect on the current Ethereum price trend. There is a 1.9% gain in USD value, pushing the Ethereum price to $155.8 again. At the same time, there is a net 4.1% loss in terms of ETH/BTC, which means the 0.04 BTC level couldn’t be maintained after all. One Ether is currently valued at 0.0382 BTC and may continue to drop lower in the hours to come. In fact, it would appear the Bitfinex maintenance - which was announced in advance - may trigger a bit of an ETH selloff against Bitcoin moving forward. Every time such a big exchange goes offline temporarily, it has become apparent there will be some minor losses for multiple top currencies. It seems things could return to normal fairly soon, although nothing has been confirmed as of yet. ETHUSD now pulling a matching chuffingcups fork. My guess is the finex maintenance will send it down. Is it greedy shorting both ETHBTC & ETHUSD?#eth #ethbtc $eth $ethbtc pic.twitter.com/N7OYAjOEJb — Gone Broke (in the 2018-2020 recession) (@gonebroke_) January 7, 2019 In more positive news, it would appear the DAI stablecoin is getting some decent attention lately. It is also important to note how this stablecoin is backed by Ethereum and MKR reserves to ensure no real shenanigans can occur. While it remains to be seen how this will affect the popularity of DAI moving forward, it is evident there are plenty of reserves to keep the pegged ratio afloat. $70 million worth of DAI backed by €280 million of pooled ETH and $380 million worth of MKR governance (to manage liquidations..if needed) via /r/ethereum https://t.co/ugm4MFoo2c hot in #reddit #ethereum #eth #crypto — Domain Address Info (@DomainAddress4u) January 7, 2019 It is not entirely uncommon for fake Twitter accounts to pop up every now and then. In most cases, these accounts try to imitate known individuals. A new fake John McAfee account has popped up claiming how all markets will pump in the coming days. It shouldn’t take too long until this account is shut down, although one can only hope this positive momentum does indeed come true. believe or not, all market will pump in several days...#BTC #ETH #LTC #BCH #DOGE #XVG #XRP.... — John McAfee (@HelloMcAfee) January 7, 2019 Based on the current market circumstances, it would appear the Ethereum price might not necessarily move up or down all that much. The current Bitcoin price momentum seems to pull all other markets up in the process. However, Ethereum will potentially lose more value in the BTC department, which is something that can make a lot of people wary. As such, the coming hours will get very interesting to keep an eye on. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Ethereum Price Uptrend Stalls Following Steep ETH/BTC Losses appeared first on NullTX.

7 days ago

Holochain Price Leaps As Changeover Fuels Investor Hopes

Holochain prices leapt today ahead of a planned exchange between HOT token and HOLO Fuel, which is planned to power the Holochain economy in the future. As Holochain has explained, HOLO fuel will be swapped directly with HOT tokens: according to a post on the Holo.Host channel, “Regardless of the past monetary value of either HOT or Holo fuel, HOT will be accepted as a straight swap.” Kiana Danial talks more about the Holochain price in her updated technical analysis of the token - while Crypto Briefing has recently subjected Holochain to the deepest analysis in the industry through our Digital Asset Report and Evaluation (DARE) and unearthed some insights that have escaped even the careful attentions of our friends at Weiss Ratings. Holochain is a fascinating project: as we have previously discussed, it could be the moonshot that lands like a Chinese spacecraft on the Dark Side, or it could be Voyager: disappearing off beyond the horizon of the solar system with nary a whisper to mark its passing. Wow, that came out of nowhere. The editor is invested in HOT, which is mentioned in this article. The post Holochain Price Leaps As Changeover Fuels Investor Hopes appeared first on Crypto Briefing.

7 days ago

Daily Berminal Brief: Crypto Market Cap Increases by $7 Billion

The overall crypto market has seen an influx of activity that has seen the total market cap increase by $7 billion to its current level of $138 billion. The price of Bitcoin is currently trading at $4,080, an increase of 6.13% on the 24-hour chart, while Ethereum is up $1.36% and trading at $158. Out of the top 100 coins, Holochain (HOT) has performed the best over the past 24-hours, currently up 18.7% and trading at a price of $0.000554. (JF)

7 days ago

5 Japanese Crypto Exchanges Join the Country’s Self Regulatory Association

News reaching Ethereum World News indicate that the Japanese self regulatory organization known as The Japan Virtual Currency Exchange Association (JVCEA) has welcomed five new cryptocurrency exchanges into their ranks. The entry of these 5 crypto exchanges is unique in the sense that up until now, members of JVCEA were regulated crypto exchanges. The new members have not yet received the go ahead from the FSA to operate in Japan. As a result, they join the JVCEA as a different, second class of members. Of the new members, three are categorized as ‘cryptocurrency dealers’ as their applications with the Financial Services Agency (FSA) to become crypto exchanges are currently being reviewed. The three exchanges are Coincheck, Everbody’s Bitcoin and Lastroots. The other two members are not yet registered with the FSA and are not allowed to operate in Japan. They are Lvc Corp. and Coinage Corp. Other 16 Members of JVCEA The other 16 members of JVCEA are as follows. Money Partners Inc. BitFlyer Corporation QUOINE CORPORATION Bit Bank Corporation SBI Virtual Currencies Corporation GMO Coin Co. Ltd Bit Trade Co. Ltd BTC Box Corporation Bit Point Japan Co. Ltd DMM Bitcoin Inc. Bito Argo Exchange Co. Ltd Bitgate Corportation BitOcean Co. Ltd Fiscal Virtual Currency Exchange Inc. Tech Bureau Inc. Xtheta Corporation Self Regulation in Japan The move to self regulate crypto exchanges in Japan was approved by the FSA back in late October of last year. This decision formed the Japan Virtual Currency Exchange Association (JVCEA). This entity oversees all operations of virtual currency exchanges in the country. History of Japanese Crypto Exchanges Being Hacked 2018 was a year which the crypto community experienced prominent crypto exchanges being hacked. The Coincheck exchange- that is headquartered in Japan - lost over $500 Million in NEM tokens due to hackers. Zaif - another Japan-based crypto exchange - lost $60 Million in BTC, MONA and BCH, also to hackers. Such massive losses prompted the FSA to crack down on cryptocurrency exchanges making sure that the funds of users were in safe hands. Measures to Protect Customer Funds JCVEA has proposed several measures to protect both crypto traders and the exchanges. Some of the measures include only allowing 4x leverage on margin trading and setting a limit on the amount of digital assets managed online in hot wallets owned by exchanges. Other recommendations include the cessation of the advertising, promoting or encouragement of speculative trading by crypto exchanges in the country. What are your thoughts on Japanese crypto exchanges being allowed to carry out self regulation by the FSA? Please let us know in the comment section below. The post 5 Japanese Crypto Exchanges Join the Country’s Self Regulatory Association appeared first on Ethereum World News.

9 days ago

Crypto Market Update: Ethereum Increases Gap Over XRP to $2 Billion

FOMO Moments Crypto markets moving slowly; Ethereum extending the lead over XRP, Tron is flying. Crypto markets have gained marginally as we start the weekend but things are generally mixed for individual coins and tokens. Total market capitalization has remained above $130 billion but has not moved a great deal over the past 24 hours. Bitcoin has been pretty flat over the past day but is up a tiny bit on yesterday’s levels trading at $3,870 at the time of writing. Volume has increased again back to over $5 billion indicating more gains could be forthcoming. BTC is down a little on last weekend’s prices but the difference is negligible. Ethereum is accelerating away from XRP in third and the gap is now almost $2 billion in market cap. ETH reached an intraday high of $160 before pulling back slightly, at the moment it is still up over one percent to $158. Conversely XRP has fallen 1.8% back to $0.357. The top ten crypto assets are generally mixed with more red than green showing during the Asian trading session this Saturday. Bitcoin Cash continues its slide south of $160 with another 3% lost today. Tron is the biggest gainer with over 8% made at the time of writing, momentum coming from Binance including BitTorrent’s BTT token on its Launchpad and ETH gaming developer EtherGoo switching over to the Tron network. The top twenty altcoins are also a mixed bag at the moment. Binance Coin and Monero are making small gains while Iota and Zcash are falling back a little. The rest are not really moving much with less than a percent difference from yesterday’s prices. Yesterday’s fomo pump is still pumping today as REPO adds another 40% and makes it into the top 70 cryptocurrencies. DEX is still pumping and dumping with a similar gain on the day and Dentacoin has also made over 20% today. Getting the red end of the stick in the top one hundred is Holo dropping 9% at the time of writing. Total crypto market capitalization has not moved a lot since yesterday and is currently at $132 billion after reaching a low of $128 billion last night. Trade volume is up marginally to $16 billion but a sideways channel seems to be forming at this level. Markets have been pretty flat all week but are up almost 5% on the same time last month. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Update: Ethereum Increases Gap Over XRP to $2 Billion appeared first on NewsBTC.

9 days ago

2019 Community Predictions

Happy New Year! We hope you had a restful and blissful holiday season and New Years day.As we enter 2019, we asked some of the most influential and thoughtful members of the GCR community to share their outlook on the Asia cryptocurrency and blockchain trends for this coming year. What will happen to the crypto markets in Japan, Korea and China? Where will the breakout opportunities and regions be? What should we in the west pay attention to?Given what we’ve seen in the industry thus far, here’s a collection of what some of them expect in 2019. Alex Pack, co-founder and managing partner of Dragonfly Capital Usage: The most natural early users of cryptoassets have always been in Asia, where the discrepancy between widespread smartphone penetration and low financialization of the economy makes it ripe for adoption of crypto’s financial applications. In 2019, as we move through the infrastructure and into the application phase, crypto businesses and infrastructure projects will be forced to look to Asia for their go-to-market strategies, to work with the large Asian distribution channels, and build for Asian users. Exchanges as Distribution Channels: The largest crypto businesses in the world are already in Asia - of the top 20 exchanges by volume no more than a handful are based outside of Asia, as are the largest mining companies. In 2019, we will start to see these exchanges and mining companies act as distribution channels, offering new financial products and smart contract-based applications to their users. Regulation: today the U.S. is still the most important center for crypto technology and product development in the world, but the uncertain regulatory climate could change that. The U.S. is in danger of losing its tech giant crown to more flexible Asian countries and the clock is ticking. If the regulatory situation in the U.S. doesn’t dramatically improve within 1-2 years, we could see Asian cities like Hong Kong, Singapore, and Beijing becoming the new global hubs of crypto technology. Benny Giang, co-founder of Cryptokitties Korean market will have consolidation amongst technology and crypto businesses next year. There will be a huge effort amongst some of the top gaming companies to break into this space. What this means as a whole, is that Korea will be leading the way for consumer adoption in the earlier part next year. Lots of questions will be raised such as decentralized systems being slow vs semi-centralized systems with mass adoption. Japan’s largest tech companies have secretive R&D teams. From my perspective, I don’t think a lot of the efforts will translate into new business lines in 2019. However, there is a handful of experienced veteran game producers who have formed their own blockchain gaming studios. A lot of high-quality blockchain games will be released in Japan late Spring to Summer of next year. This will set a new standard for a hybrid on chain/off chain blockchain games. Lots of things are happening in China but we’ve started to focus more attention into Japan and Korea. There’s a high percentage chance of a better blockchain gaming ecosystem forming within those countries at least for 2019-2020. Until regulations are more clear from China. Good signs is the gaming license freeze is over! Zac Cheah, founder and CEO of Pundi X Blockchain will dominate the realms of emerging tech in 2019. We will see more and more traditional companies adopting blockchain technologies. Industries that are seeing an increased adoption of Blockchain are banking, financial services, insurance, supply chain management, healthcare, e-commerce, gaming and academics. Government bodies have also started implementing blockchain. A number of initiatives have been taken across jurisdictions both at federal and state/provincial levels to implement blockchain to improvise on services and transform inter-governmental and citizen transactions. Areas like titles transfer, taxation, and identification have gained traction for blockchain in the Government sector. Jehan Chu, co-founder and managing partner of Kenetic Capital Asia will lead the way for blockchain adoption globally as large internet companies and conglomerates roll out production applications across supply chain, finance and yes, even (private) cryptocurrency. Korean gaming will demonstrate some of the first large-scale user adoption of crypto, while China will show more blockchain application layers inside of centralized enterprise structures. Finally, Asia will lead regulatory the pack with progressive structures coming out of Singapore, Hong Kong and possibly Japan. While the US will see isolated wins like a possible Facebook cryptocurrency, they will likely fall behind as 2019 sees Asia putting applications into production en mass. Jason Fang, managing partner at Sora Ventures I think most of the hottest deals you see in the US will continue to stall, basically tell the same story until their team falls apart or they run out of mon

10 days ago

Developers Ring In The NEO Year

NEO developers are happy to put what they described as a “tumultuous” year behind them. Despite the markets, developer activity has been robust. The number of decentralized applications (dApps) on the NEO blockchain surged by 3,000 % in 2018, as competition for the “killer app” continues to heat up. There are nearly 100 dApps on the NEO platform today, and that number is only set to increase as the project nears its annual developer conference next month. NEO Founder Da Hongfei is also stirring the base by engaging with the community after what, to the NEO community, seemed like forever. Happy NEO Year! In 2019 we will work harder to improve infrastructure. Personally I'll focus on modules that can be added to NEO incl. distributed storage, identity, layer2, to improve NEO's crypto-economics, and to deliver the best developer experience. https://t.co/RCT5yjMaye pic.twitter.com/bPPYbxuzSB — Da Hongfei (@dahongfei) January 2, 2019 The message didn’t go unnoticed in the NEO community, with followers cheering Hongfei’s message with responses like: “Thank GOD you tweeted” and “the people need to hear directly from you more often.” While some might wish for the NEO founder to speak out more often, well, at least he’s not Justin Sun. ETH-Less in Seattle NEO may be nicknamed the Ethereum of China, but it headlines its own developer conference. The upcoming NEO DevCon 2019 is scheduled to take place Feb. 16-17 in Seattle, and it’s drawing some big names. In addition to Hongfei and other key leaders at NEO, the first batch of speakers includes two Microsoft executives — Steven Guggenheimer and Harry Pierson, corporate vice president and senior software engineer, respectively. The theme of the conference is to “explore Layer 2 solutions, distributed storage, consensus mechanisms and other hot topics with senior technical engineers and developers.” NEO Projects And dApps To Watch One of the teams to watch is City of Zion (CoZ), an independent group of open source developers for NEO. They caught the attention of the NEO team early on after taking on the task of translating the white paper for the project. Since then, CoZ has built NEON, which has risen to become “the most popular NEO wallet.” CoZ was also behind the “Go compiler and Python compiler that went live in 2018.” City of Zion hold its cards close to the vest but on GitHub they are comprised of 80 repositories across approximately three dozen people. Singapore-based Alchemint is behind the SDUSD stablecoin, which is a “fiat pegged coin on NEO,” as Crypto Briefing has previously reported. Alchemint’s stablecoin differentiates itself by offering more diversity to dApps, exchanges and merchants via “mortgaging digital assets on the NEO blockchain, implemented via smart contracts.” Another team that could take the spotlight is NewEconoLabs, a China-based community of open-source developers for NEO. They’re behind the BlaCat project, which is a platform and software development kit for game developers. Speaking of games, NEO may soon have another first: the first virtual girlfriend on the blockchain. NEO.Girl has recently launched the open beta version of Luna, the first virtual reality girlfriend on the blockchain. Developed as a collaboration between BlaCat and YYMOON Network, an earlier version of the game received a JPY 500,000 prize in a NEO Game Development contest last year. Via NEO News Today According to Neo News Today: “Gameplay in NEO.Girl is open-ended as the objective is to cultivate a friendly - and even romantic - experience with the character.” Redditors found it to be creepy, but we have no idea why. The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post Developers Ring In The NEO Year appeared first on Crypto Briefing.

10 days ago

Four Experts Weigh in on Stablecoins

Stablecoins have long divided opinion in the crypto community, with some believing they’re needed to gradually convert the masses away from fiat, whereas others have grave concerns about these dollar-pegged assets. Four experts - Gabriel Cardona, Roger Ver, Miko Matsumura, and Vin Armani - recently shared very different stablecoin opinions on the Bitcoin.com podcast. Also Read: How Institutional Investors Are Changing the Cryptocurrency Market The Stablecoin Is Here to Stay Stablecoins, love them or hate them, are here to stay - for now, at least. That’s one thing the four experts who spoke on the Bitcoin.com podcast with host Matt Aaron agreed on. The digital coins, whose value is pegged to fiat currency, were a hot topic in 2018, with tether (USDT) frequently talked about and heavily traded. Despite their shortcomings, it looks like stablecoins will feature prominently in 2019’s cryptocurrency markets, just as they did in 2018. Bitcoin Cash (BCH) developer Gabriel Cardona told Bitcoin.com that 2019 will be the year of the stablecoin: “I think stablecoins are completely radical and I know there are some very smart people out there who are naysayers and say it is impossible to have a stablecoin. I suspect it is possible although I’m not going to probably be the person to design it - but my intuition tells me that it will be possible to have some kind of stablecoin that works most of the time for most use cases.” Cardona also said he thinks the stablecoin is the missing piece of the BCH token ecosystem, and added that people are attracted to them because of the volatility seen with conventional cryptocurrencies. “We need merchants to be able to adopt it [cryptocurrency] and they’re unable to because volatility is so high and they can’t be exposed to it,” he explained. Bitcoin.com CEO Roger Ver also said that 2019 would be the year of the stablecoin. “I think we’ll see a lot more people using stablecoins,” he said. “It seems pretty clear that the market is headed in that direction at the moment.” Stablecoins are popular, not only due to their relative immunity from volatility, but also their ability to serve as a fiat surrogate that can be stored onchain. Institutional investors have been particularly attracted to stablecoins as a hedge against extreme price movements, as Vin Armani, developer and founder of Cointext, acknowledged: They [institutional investors] want something that feels familiar, and so stablecoins present that. It’s a way to bring in institutional investors. Miko Matsumura, cofounder of Evercoin and GP of Gumi Cryptos venture fund, said that stablecoins will stick around, though the way we see them will change over time. “The point I will make is stablecoins will continue to exist but we will think of them more as payment coins, we will think of them as ecommerce coins or kinds of baskets of asset-backed security-like mutual funds - we’ll think of them differently from the way we think of them today.” The Downsides to Stablecoins Stablecoins have frequently drawn criticism, which all of the experts noted in the podcast. One such fault, according to Matsumura, is that stablecoins are unimaginative and have little appeal. “If that [stability] is the only property of a coin, then it’s not interesting,” he said. Matsumura added the phrase ‘stablecoin’ is itself a “Telegram and Twitter-driven monstrosity” and the coins allow people to “move in and out of crypto” while still being in crypto. Those who criticize stablecoins do so because they want cryptocurrencies to move people away from a dependence on government regulation. Roger Ver, a prominent critic of stablecoins, said that it was “frustrating” there is so much interest in them: “I want to see the U.S. dollar, the euro and the yen replaced by cryptocurrencies directly rather than tokens pegged to the dollar, euro or yen but it seems pretty clear that the market is headed in that direction at the moment.” Vin Armani added that stablecoins would eventually “go away,” but in the meantime are a “bridge technology,” He said that one danger is “for regulators to take a chomp at them” - a frequent concern among the crypto community. Despite the concerns raised by the podcast guests, all four agreed on one thing - the stablecoin is here to stay and 2019 will likely be an even bigger year for pegged digital assets than 2018. What do you think about stablecoins and the views of the four experts as quoted above? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Four Experts Weigh in on Stablecoins appeared first on Bitcoin News.

10 days ago

Ethereum Gains 80% In 2-Weeks Surpassing Ripple As The Second Largest Crypto

TL;DR Ethereum (ETH) has finally managed to return to its position of a second largest coin by market cap, after spending a month and a half in XRP’s shadow. The project expects a busy month as there are several hard forks that Ethereum’s network will undergo in mid-January. After almost two months of being in third place on the coin market cap list, Ethereum (ETH) has finally made its comeback. Today, January 2nd, ETH managed to surpass XRP as the second largest cryptocurrency. For months now, the crypto community speculated about the future of ETH, with some claiming that the coin’s glory days are over. Others remained convinced that ETH will bounce back, and while retaking its place from XRP is a significant milestone, it might only be the first step for ETH, in anticipation for a hot January. As of now, Ethereum seems to be advancing at a steady pace, with the current ETH price $150 per coin, after seeing an 8% increase in the last 24 hours and over 80% in two weeks. Ethereum’s market cap is $15.6 billion, while Ripple’s is $14.9 billion. The Top 5 Crypto Coins. Source: Coinmarketcap.com What Does The Short Future Hold for Ethereum? The Ethereum community remains optimistic regarding the coin’s future, and so far, their hopes are seemingly coming true. Ethereum is getting ready for a busy January, as there are several hard forks that the coin is expected to have. The three most significant ones are scheduled to occur in the next two weeks, and they are as follows: January 11th — Classic Vision Hard Fork 2. January 12th — Ethereum Nowa Fork 3. January 16th — Constantinople Fork The Classic Vision Hard Fork is expected to provide all ETH holders with 3 ETCV coins for each ETH that coin holders possess in their wallets. The Nowa Fork will grant ETH holders with an ETN coin for each ETH in coin holders’ possession, while the Constantinople Fork, which may even occur earlier than January 16th, remains the most significant one, as it will play a large part in Ethereum’s transition to PoS protocol. Hard Forks To Improve ETH Ecosystem Ethereum is responsible for the still-growing popularity of dApps and smart contracts, and it revolutionized token creation by allowing other tokens to develop on its blockchain. With several hard forks almost ready to be performed, investors are wondering what to expect. While the forks can be beneficial to Ethereum, there is always the danger that they will weaken the network by splitting into new coins. The possibility is quite real, and the incident revolving around BCH hard fork in mid-November is still fresh in investors’ memory. Having the same type of an incident would make it very difficult, if not impossible, for Ethereum to handle the competition. Even if the forks occur without any conflicts, it is still nearly impossible to predict the potential consequences, especially when it comes to long-term predictions. Experts’ forecasts claim that significant volatility can be expected in days following the forks. For now, there are no certainties, and most of the new development will be known after the forks take place. For now, at least, Ethereum is handling itself quite well, and the new year has started on a positive note once more. The post Ethereum Gains 80% In 2-Weeks Surpassing Ripple As The Second Largest Crypto appeared first on CryptoPotato.

10 days ago

BTC Head to All-Time Highs, XRP Could Become Number One, and BCH/BSV Will Fade Away: 7 Forecasts for 2019 by Weiss Ratings

2018 left a bitter aftertaste for many people who came to the world of crypto after the 2017 hype only to face one of the strongest bearish streaks in the history of crypto coins. However, 2019 promises a lot not only in terms of market capitalization but also for the evolution of the ecosystem. In an article published today by Weiss Cryptocurrency Ratings, the team of the famous risk evaluation firm showed its perspectives regarding the future of cryptocurrencies, emphasizing that despite appearances, 2018 was disastrous only in terms of prices but when it comes to technology “it was also the year of major progress”. Leaving aside price predictions, Weiss Cryptocurrency Ratings shared with its subscribers seven technological forecasts related to cryptos and blockchain technologies, and most of these are quite positive. The following is a summary of the article Forecast #1 Bitcoin will be increasingly used as a store of value. For the team of analysts, Bitcoin’s properties make it easy, safe and efficient to store and transmit value between people. Currently, the team believes that there is no competition in this regard to beat Bitcoin, so it “is on its way to becoming a veritable digital gold.” Forecast #2 The price of Bitcoin will rise again and head for new all-time highs. Without giving specific figures, the team of analysts maintained the same argument that Stacy Herbert gave to Max Keiser when they spoke of a possible SWIFT substitution. In all the previous cases, after a bearish streak Bitcoin has experienced a strong recovery thanks to the fact that in those periods the development of quality platforms and solutions has severely increased. “In 2019, much as it did after prior bear markets, Bitcoin will again rise up and head for new all-time highs.” Forecast #3 Select altcoins will rise from relative obscurity to as much as 20 times their previous all-time highs. Following in Bitcoin’s footsteps, some altcoins will gain traction and increase their adoption. The team believes that it will not be a considerable number like in 2017, but only a “few with superior technology” will experience this bullish run. Forecast #4 A select group of cryptos will compete to build a new kind of internet. The Weiss Cryptocurrency Rating team said that projects such as EOS, Cardano (ADA) and Holochain (HOT) could contribute to the development of a new paradigm on the Internet and that of all initiatives with similar objectives “Most will eventually fail.” Forecast #5 Another select group of cryptocurrencies will disrupt the world of banking. Unlike Keiser and Herbert, Weiss Cryptocurrency Ratings believes that Ripple and Stellar will play a leading role in optimizing and reforming the traditional banking system. The team is also confident that Ripple’s XRP “could eventually become the world’s No. 1 cryptocurrency.” Forecast #6 Bitcoin me-too coins will fade away. This is perhaps the only negative prediction within the list. The team was particularly critical of some Bitcoin forks (such as Bitcoin Cash and BSV) which they described as practically useless: “Many cryptocurrencies are going to disappear for the simple reason that they bring virtually nothing new to the table. Even among the top 10 by market cap, several fit this description, including Bitcoin Cash, Bitcoin SV, and Litecoin. There’s no innovative use case for them. They’re likely to fade away over time.” Forecast #7 New coins will rocket to the top 10. The team considers that there will be an important change of positions in the global market cap with new actors such as Holochain, Hedera Hashgraph and other cryptocurrencies that are currently not so popular. This is consistent with the previous behavior of the whole ecosystem with projects that fail or decrease in popularity and other that emerge once the community becomes more familiar with their technology The post BTC Head to All-Time Highs, XRP Could Become Number One, and BCH/BSV Will Fade Away: 7 Forecasts for 2019 by Weiss Ratings appeared first on Ethereum World News.

10 days ago

Analysts: Crypto Markets to Surge While Stock Markets Sink

Market predictions are not a clear science; they are largely guesswork backed with technical indicators that take a snapshot of current conditions to attempt a prediction of future ones. What is clear at the moment is that crypto markets appear to be on the bottom while stock markets are heading south. Crypto bull Tom Lee took the hot seat on CNBC’s ‘fast money’ where he said that the stock market selloff is a ‘mid-life crisis for markets’ and that the earnings season will be ugly; Wall Street bull @Fundstrat's Tom Lee says the sell-off is a midlife crisis for the markets. Expects earnings season to be ugly. pic.twitter.com/t5Lb9qowkz — CNBC's Fast Money (@CNBCFastMoney) January 3, 2019 Lee who predicted a year-end rally of ten percent added; “This year may not be that great, we hoped for a rally into year-end... it didn’t happen.” Lee blames the FED for undermining markets and causing the selloff when it raised interest rates. This may have had a greater effect than Trump’s tariffs and trade embargoes. “If you tighten financial conditions you force people to liquidate positions, forcing shrinkage. You see chaotic moves across markets, that’s damaging because that takes a lot of time to fix,” he added. Apple has taken the brunt of the fall as its stock has slumped over 10% in the past couple of days. Fears of a slowdown in Chinese sales and Trump’s ‘war on trade’ have been the catalyst for the poor performance according to Apple CEO, Tim Cook. A Brighter Outlook For Crypto Markets in 2019 Conversely crypto markets, which have been absolutely battered in 2018, are poised to make a recovery this year, at least according to a number of analysts. Bloomberg as cited the GTI Vera Convergence Divergence indicator which has been previously used to predict a rally in Bitcoin prices. According to this new technical indicator, in addition to Bloomberg’s own Galaxy Crypto Index, Bitcoin is currently in a ‘buy streak’ not seen for several months. It went on to state that if buying pressure continues as it has done for the past 13 days then further gains are expected. eToro’s Mati Greenspan added “if we are going by technical analysis we can very easily see on the chart that we are much closer to the bottom than we are to the top,” a sentiment echoed by Ethereum co-founder Joseph Lubin who called the bottom last month tweeting; “I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.” If these sentiments are to be believed, crypto markets could have a much better year than the previous one while stock markets appear to be heading in the opposite direction and may accelerate declines if a certain president has his way. The post Analysts: Crypto Markets to Surge While Stock Markets Sink appeared first on Ethereum World News.

10 days ago

Dogecoin Price Remains Stable at 60 Satoshi Despite Slightly Bearish Trend

In the cryptocurrency world, there is always a lot of attention where Dogecoin is concerned. This “meme currency of the internet” is incredibly popular, even though its value per coin is pretty low. The current Dogecoin price market trend looks a bit bearish, although no major drops are to be expected. Bearish Dogecoin Price Momentum Becomes Apparent In the world of Bitcoin and altcoins, positive and negative price trends seem to occur intermittently. That is only normal, as these markets are often considered to be volatile first and foremost. After a few positive days in late 2019 and early 2019, it now seems another brief spell of negative momentum is shaping up across the markets. As far as the Dogecoin price is concerned, the negative momentum isn’t necessarily all that bothersome just yet. There is a minor dip in USD value, yet one DOGE is still priced at $0.00238 at this time. The 1.4% deficit in DOGE/BTC is a bit more indicative of what the rest of today may offer. Maintaining a value of 60 Satoshi or higher might prove a bit challenging. On social media, there are some peculiar discussions taking place where Dogecoin is concerned. First of all, there are some minor concerns regarding the Dogecoin-ERC20 token bridge which is under development. Since the project was initially announced, there has been somewhat of a lack of updates. Building such infrastructure takes a lot of time, thus there isn’t necessarily any real reason to panic just yet. It would appear a slightly different kind of Dogecoin-oriented promotion is happening behind the scenes. One user claims he is seeing short Dogecoin ads in Netflix videos these days. This appears to be a clearly doctored video first and foremost, although it would be rather interesting to see the video streaming service hide such ads in their streams. For now, Netflix has not shown any interest in Dogecoin whatsoever, but that situation can always change. legit subliminal ads in netflix via /r/dogecoin https://t.co/oZys8SnGtI hot in #reddit #dogecoin #doge #crypto much wow! — Domain Address Info (@DomainAddress4u) January 3, 2019 The overall market sentiment associated with Dogecoin still remains positive, for the most part. CannaDev is an interesting example in this regard. The Twitter user is patiently waiting for a massive Dogecoin price surge. It is too early to tell if something like this will even materialize in the future, especially now that all markets are subject to a bit of bearish pressure. Keeping the hope alive is crucial during times like these. I’m waiting for #Dogecoin to take off! I keep throwing in, little by little. I have a feeling it will be worth something pretty later! #Crypto #OneLove #StockMarket — CannaDev (@What3ver93) January 3, 2019 Based on the current market conditions, there is no reason to believe Dogecoin’s price will see any massive changes over the coming hours. While there is some bearish pressure to contend with, it seems the value will remain close to 60 Satoshi or $0.0023. Dogecoin has dropped to $24 in the market cap rankings, though, as it was surpassed by USD Coin recently. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Dogecoin Price Remains Stable at 60 Satoshi Despite Slightly Bearish Trend appeared first on NullTX.

10 days ago

Jameson Lopp Speaks About the Lightning Network

Jameson Loop recently spoke on the Stephan Livera Podcast and the two briefly discussed the Lightning Network (LN) and a variety of other topics. According to Lopp, the LN is a fantastic creation but “it definitely still has a number of rough edges to be worked out.” Lopp says it would be “reckless” to operate a Lightning node “with real money behind it” and he pointed out that there are serious security issues with the wallet as one is essentially operating a hot wallet. Lopp says developers will eventually need to consider how the liquidity of the network will be managed and whether this will be autopiloted or managed by a “dedicated human operator.” Lopp also said there is a growing “inefficient use of capacity” on the network at the moment and he gave the example of LNBIG, who he alleges have opened up “a hundred if not a thousand channels with various nodes on the network.” Lopp says that in order for the LN to be truly successful, it needs to be a “plug-and-play solution that is usable for your average millennial. (RS)

14 days ago

Ethereum (ETH) Gains 20% as the Holiday Cryptocurrency Rally Continues

Ethereum has gained 20% over the past 24 hours as the holiday crypto rally extends into the weekend. As at the time of writing, 6:05 AM UTC, ETH is trading at $129.4 with a market valuation of $13.5 billion, which has surged by approximately 50% since the beginning of the week. ETH is also leading the AltDex 100 Index (Alt 100). Other top gainers are WAVES, BNT, HOT, and STEEM, which have gained more than 15% today. BTC's value has also increased by 4.61% to trade at $4,052 with a market cap of $70.7 billion. (KE)

22 days ago

CNBC Trader: Bitcoin (BTC) In “No Man’s Land,” $3,000 Likely

Bitcoin (BTC) In “No Man’s Land,” Exclaims CNBC Trader CNBC’s “Futures Now” segment recently brought on Jeff Kilburg, the CEO of KKM Financial, and Jim Iurio, a broker at TJM Institutional Services, to discuss the recent uptick in buying pressure for Bitcoin (BTC). For those who missed the memo, within a week’s time, BTC, which found a year-to-date low at ~$3150 last week, has recovered to the $4,000-$4,100 range. Analysts have been unable to discern whether this seeming “relief rally” was catalyzed by fundamental catalysts or pure technicals. Some commentators, like Alex Kruger, have noted that technicals remain the strongest impetus behind this market’s day-to-day movement. As such, the crypto-friendly researcher noted that BTC’s recent recovery is merely a correction off oversold levels, rather than a shift in this industry’s fabric, subsequently adding that a move back to the low 3000s isn’t out of the realm of possibility. The aforementioned CNBC guests seemingly echoed this sentiment, noting that BTC could fall back to its year-to-date lows in the weeks to come. Iurio first noted that “he’s never been a lover of Bitcoin,” explaining that if BTC holds above $4,085, $4,515 is likely, but otherwise, the flagship cryptocurrency could move drastically lower. Kilburg, more cynical that Iurio, explained that bears “have unfinished business [in crypto],” making it clear that he doesn’t expect for the blockchain-based asset to hold above $4,000 for extended periods of time. In fact, the KKM chief noted that “unless we see something substantial come out of the SEC/White House,” BTC remains in no man’s land and could fall to $3,000 (a new year-to-date low) because of a lack of fundamental driver. Iurio, turning on a dime, echoed Kilburg’s statements. The broker noted that that crypto’s headlines are rarely ever that the “SEC has decided that they love Bitcoin,” instead, their regulatory measures that depress prices, especially in token markets. Interestingly, the two closed off their segments by drawing attention to crypto forays from the Intercontinental Exchange and Nasdaq, noting that as players continue to “enter the hot tub” there will eventually be a party in this industry, so to speak. Not So Fast, Maybe The Crypto Rally Has Some Legs Although the two aforementioned CNBC traders aren’t sold on BTC’s short-term prospects, other analysts have exclaimed that the crypto market’s most recent double-digit recovery has legs. Crypto Quantamental, an American crypto trader with a background in traditional equity markets, noted that Bitcoin is “showing the classic signs of a ‘V’ recovery.” Bitcoin is showing the classic signs of a "V" recovery with record volume and massive price moves. In fact today (12/20/18) was the HIGHEST VOLUME DAY EVER! Check out the blog post or continue reading below to see the formation of a "V"..... (1/N)https://t.co/6RlJnA0L8z — Crypto Quantamental (@CryptoQF) December 21, 2018 He/she noted that the surge in BTC could be more than a “dead cat bounce,” as Kruger saw it. In fact, Quantamental noted that the “record-breaking” volumes (in BTC count, not $) indicate that a bottom could be forming. Per Quantamental, yesterday (Dec. 20) was Bitcoin’s highest volume day in its ten-year history, with exchanges en bloc reportedly trading 2,226,735 BTC at an average price of $3,938. Although both sides of the argument hold some semblance of credence, the fact of the matter is that in markets, whether it be stocks, bonds, or cryptocurrencies, no single individual/group can accurately predict where prices are headed next. But they try nonetheless. And in the end, some will succeed, and others won’t. Title Image Courtesy of Icons8 Team Via Unsplash The post CNBC Trader: Bitcoin (BTC) In “No Man’s Land,” $3,000 Likely appeared first on Ethereum World News.

23 days ago

Take The New IOTA Hash Function For A Spin: Win €200,000

ConsenSys Developers, take note: if things don’t work out with the blockchain, there’s still plenty of money on the Tangle. The IOTA Foundation is offering bounties totalling over 200,000€ to anyone who can crack their new trinary hashing algorithm, which will be used to secure transactions on the Internet-of-Things network. The lightweight encryption function, dubbed “Troika,” replaces the homebrewed Curl-P function previously used to create addresses and sign transactions on the DAG. Troika was designed in collaboration with Cybercrypt A/S, a systems provider in robust cryptography commissioned by the IOTA foundation. Older hash functions are unsuitable because IOTA uses ternary arithmetic, rather than binary, and the Foundation is currently developing new computer chips built around Base-3 logic. As the Foundation explained in a press release: With the introduction of trinary-based hardware, trinary algorithms will run more efficiently, leading to significant reduction in computation and energy consumption. These energy gains underlie the choice of trinary architecture in the IOTA protocol, and are one of the main drivers behind the creation of Troika. Troika will establish “world-leading security for the IOTA protocol.” said David Sønstebø, who co-founded the IOTA Foundation, in a statement. “We hope that this competition will bring the cryptographic community together on solving security in the Internet-of-Things.” Can IOTA Repair Its Image? The contest appears to be aimed at burnishing IOTA’s image: the company has previously been embarrassed by revelations about the Foundation’s slipshod work. Last year, a much-hyped partnership with Microsoft was revealed to be mostly hot air, while the IOTA software was extremely difficult to use. But the biggest drama of all surrounded Curl-P, a prototype hashing algorithm specially designed for the IOTA’s machine-to-machine payments. Neha Narula, director of the MIT Digital Currency Lab, discovered a “serious vulnerability” which allowed the MIT team to “find collisions using commodity hardware within just a few minutes, and forge signatures on IOTA payments.” The report added, “Please don’t roll your own crypto.” For a function designed to securely encrypt transactions, discovering collisions is roughly equivalent to finding that your housekeys also work in the neighbors’ locks. The IOTA Foundation did not take the criticism gracefully, and the fallout turned the DAG-based network into the laughingstock of the cryptographic community. Getting It Right Since then, the IOTA Foundation seems to have learned its lesson, and outsourced the hard work to professionals. By publicizing the high bounties, the Foundation can both vet the new hash function, and signal its commitment to rigorous security. “The goal has always been to develop the most secure lightweight hash function possible for IoT,” Sønstebø told followers in an IOTA Discord Group. “The problem with Curl was that we did not have hundreds of thousands laying around to hire world class cryptographers. That narrative is one of the most misunderstood in all of DLT history...” Those days may be in the past, now that IOTA has the funds for serious cryptographic security. “Our team has extensive experience with the cryptanalysis of hash functions and evaluated Troika against all known cryptanalytic attacks over the last couple of months” said Peter Jerry Sørensen, COO of Cybercrypt. “Further, we had external reviewers conducting an independent analysis of the security of Troika.” Troika still has to be thoroughly tested before being integrated to the Tangle, but with 200,000 euros on the line, any vulnerabilities will not remain undiscovered for very long. The author is invested in digital assets, but none mentioned in this article. The post Take The New IOTA Hash Function For A Spin: Win €200,000 appeared first on Crypto Briefing.

23 days ago

Amending SEC’s Securities Definition is “The Virus Spreading” - Anthony Pompliano

Anthony Pompliano who is often vocal about cryptocurrency affairs, made a strong comment on US Congress action to exclude cryptocurrency from SEC’s securities definition. He said it as ‘the virus is spreading’. WHOA! Two members of the House of Representatives are introducing a bill to exclude cryptocurrencies from the SEC’s definition of securities, according to @Kr00ney. THE VIRUS IS SPREADING 🚀 — Pomp 🌪 (@APompliano) December 20, 2018 Token Taxonomy Act,” a bipartisan bill Reportedly, there are two congressmen introducing new ‘Token Taxonomy Act’, a bipartisan bill presented in the house on Thursday. An effort by Warren Davidson (Republican from Ohio), and Darren Soto (a Democrat from Florida) would exclude virtual currency from the definition of a security that the U.S. SEC is considering presently. This amendment is said to pave the way for a clearer framework for virtual assets. However, the bill is yet to be passed and crypto enthusiasts are hoping to get a green signal from the government for the proposed bill. As Kate Rooney stated, if it passes, the Congress’s serious effort for cryptocurrency would be massive news in the industry. SCOOP: Lawmakers are introducing a bill to change the SEC’s 72-year old securities definition to exclude #cryptocurrencies... a sign Congress is taking the industry seriously and if it passes, massive news for #crypto Read more: https://t.co/6UIXi0VT3O — Kate Rooney (@Kr00ney) December 20, 2018 Anthony Pompliano - The Virus is Spreading, New Assets Need Proper, Modern Regulations Anthony Pompliano, the founder and CIO of blockchain based firms, Morgan Creek Digital Assets and Ari Paul and Blocktower - further asserted that the new assets require proper and modern regulations. New assets need proper, modern regulations — Pomp 🌪 (@APompliano) December 20, 2018 The present definition of security is a 72-year-old and request of removing ‘digital currency’ and introducing a new bill has become a hot issue for enthusiasts who were long been waiting for digital assets to have separate laws. Accordingly, reports highlights that ‘Token Taxonomy Act” which defines “Digital token” noted that the ‘securities laws would not apply to cryptocurrencies once they become a fully functioning network’. Moreover, Warren Davidson said in a statement “In the early days of the internet, Congress passed legislation that provided certainty and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy and for American leadership in this innovative space,” Currently, SEC is in the process to determine whether or not cryptocurrency is security by using ‘Howey Test’ which is based on a 1946 Supreme Court decision. Many views that the effort by these congressmen is a good initiative because the laws which have been determined many decades ago don’t fit the present decentralized industry. As such, Kristin Smith who is the head of the Blockchain Association agreed that; “These decentralized networks don’t fit neatly within the existing regulatory structure,” continuing that “This is a step forward in finding the right way to regulate them.” Stay tuned with CoinGape to know more about the approval of the bill and the opinion of Pompliano. The post Amending SEC’s Securities Definition is “The Virus Spreading” - Anthony Pompliano appeared first on Coingape.

24 days ago

Coinbase Makes Highest-Value Crypto Transfer in History

Coinbase, one of the world’s largest and most widely used cryptocurrency exchanges, has made a transfer of over USD 5 billion in cryptocurrency, an amount believed to be the largest in the industry’s history. Reports indicate that 15 million Litecoin (LTC), 8.3 million Ether (ETH), and 870,000 Bitcoin (BTC) were transferred, eclipsing what was said to be the world’s previous largest transfer of BTC 500,000 in May 2015. The reason for the transfer was a relatively simple one, with the exchange moving its funds in cold storage to an even more secure cold storage system. Cold storage is reputedly the safest way of storing cryptocurrency today, particularly for major high-profile investors. Typically, smaller investors continue to store their funds in offline wallets or paper wallets with access to a public and private key. Safeguarding funds has become of paramount concern after major hacking events around the globe since cryptocurrency began to gain prominence as a challenge to fiat currencies. Hackings have seen more than USD 2 billion either stolen or mislaid. Security is the main issue with hot wallet storage which is why exchanges such as Coinbase keep the majority of their funds in cold storage with a tiny percentage in hot wallets for instant withdrawal; the Coinbase cold to hot wallet ratio is 98:2. Coinbase maintains that the latest fourth-generation protocol is achieved by starting from a random location with two brand new laptops that have had their Wifi card and storage drives removed to a shielded power supply. Then randomly, one of the two laptops generate the private keys and Linux is booted up on the chosen laptop via a USB drive. The private keys are generated and divided into several fragments using Shamir’s secret sharing, a method of splitting private keys that enables the full keys to be reconstructed even if some of the parts are lost. The keys are then saved as QR codes, printed, securely faulted, and subsequently, the laptops used are destroyed. Finally, the key holders are geographically dispersed until their identities are verified during the key signing protocol. Coinbase has recently suggested it is considering adding 300 different coins to its exchange, including Ripple, but has not indicated which coins as yet, encouraging speculation that the long-awaited Ripple addition is about to happen. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Coinbase Makes Highest-Value Crypto Transfer in History appeared first on BitcoinNews.com.

24 days ago

PR: Bitcasino.io Launches Festive Promo Wheel of Wonders

Bitcoin Press Release: Bitcasino.io Announces new December ‘Wheel of Wonders’ promotion for the festive season. 12th December 2018, Tallinn, Estonia - Bitcasino.io has announced a new promotion for December, giving players the chance to spin the Wheel of Wonders and win a mystery prize. The promo, which runs until December 23rd, gives everyone a chance to win a range of prizes depending on how the Wheel spins. Daily rewards include 10 free spins on the Christmas Carol slot and 10 free chips on Satoshi Atlantic City Blackjack. There is also a range of deposit and cash prizes available daily including: 100 per cent reload bonus on next deposit up to μB 10,000 Cashback of up to μB 10,000 on losses A rebate of up to μB 6,000 on a wager A μB 5,000 cash reward Weekly prizes available on the Wheel are even bigger and better, including a trip voucher worth μB 1,000,000 and an iPhone. And if that wasn’t enough, all participants will be entered into a final promo draw on December 24th for a chance to win the ultimate Christmas present - a Royal Caribbean cruise. All users are given a free spin of the Wheel, with additional spins - up to four per person - earned for each 200,000 μBTC you wager during the dates of the promo. Tauri Tiitsaar, Head of Casino at Bitcasino.io stated: “We want to do something extra special for our users this holiday season, and we think the Wheel of Wonders is one of the most spectacular promotions we have ever held. The Wheel of Wonders comes hot on the heels of the release of the new and improved Bitcasino site. Users can now enjoy some of the fastest loading times while playing at Bitcasino, on average eight times faster than Bitcasino’s competitors Tauri continues: “We welcome everyone to take a spin of the Wheel, and with a bit of luck take home an early Christmas present.” That’s not all! The team are continuing to work on delivering improvements suggested by players, over the coming few months players can expect a range of new features which combined with the wide variety of offers, are sure to offer the fun, fast and fair experience the leading online crypto casino promises. To take part in the Wheel of Wonders promotion, simply sign up or log in to Bitcasino. About Bitcasino Founded in 2014, as part of the Coingaming Group, Bitcasino is a leading bitcoin-led casino operator. Bitcasino has an expansive, quality casino product featuring more than 1,400 games, including slots, table games and live dealer casinos from some of the industry’s leading suppliers. These are hosted on its proprietary platform, developed by leading designers and software engineers to create the ultimate user experience for players. Bitcasino prides itself on its enjoyable and trustworthy casino and gaming service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry and cutting-edge security measures in place. Bitcasino Facebook - https://www.facebook.com/bitcasino.io Bitcasino Twitter - https://twitter.com/bitcasinoio Visit Coingaming - http://coingaming.io/ Media contact Contact name: Lucy Thomas Email: lucy.thomas@bitcasino.io Bitcasino is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Bitcasino.io Launches Festive Promo Wheel of Wonders appeared first on BitcoinNews.com.

24 days ago

Analyst: Ethereum Constantinople Will Push Crypto Miners “Out Of Business”

In recent months, as Bitcoin (BTC) purportedly fell through its supposed break-even cost of mining not once, not twice, but three times, the economics of Proof of Work (PoW) have been questioned by wary skeptics. For instance, in an op-ed piece that became an industry hot topic in mere minutes, one MarketWatch contributor claimed that BTC, with its hashrate drought and the whole nine yards, was poised to enter into a death spiral. The piece, lauded as heresy by many crypto enthusiasts, has since begun debunked, and, unsurprisingly, this market’s flagship asset hasn’t crumbled to dust. Yet, many still like to quip about cryptocurrency mining. And recently, a number of industry analysts have aimed their scopes at Ethereum (ETH) and its transaction processing scene. So after BTC was put on public display, it seems that now it is Ethereum’s turn. Ethereum Mining Remains Profitable [For Some] As reported by NewsBTC in mid-November, CNBC, citing data gathered by Susquehanna, a crypto-friendly quantitative trading group, claimed that small-scale mining operations are far from feasible. The Pennsylvania-based firm explained that the average Ether graphics card-powered miner has seen their monthly profits dwindle to zip, down from $150 high seen in May 2017. Susquehanna’s Christopher Rolland explained that even with Nvidia’s flagship processor (GPU), the GTX 1080, the return-on-investment (ROI) provided was dismal. As such, it would be logical to assume that with current profitability trajectories, many miners, even those looking to accumulate ETH, may begin to flunk out of block processing entirely. Yet, in an exposé piece published through DeCrypt Media, Tim Copeland, debunked Susquehanna’s data, claiming that “Ethereum miners are still running strong.” Deutsche journalist Peter Statsenko told Tim that the price of electricity needed for break-even Ether mining is approximately $0.15 per KWH. And, with kilowatt-hour rates remaining well below this figure in a number of countries, namely the powerhouses Venezuela, China, and Canada, there are likely abounding miners continuing to keep their rigs plugged in, letting them hash the night away. It is important to note, however, that in a majority of nations where cheap electricity is scant, mining can be far from financially advantageous. According to OVOEnergy, Japan’s average electricity rate has surpassed $0.26 per KWH — far beyond the supposed level that would facilitate miners. And interestingly, the Ethereum Network’s hashrate statistics have reflected the flunking of some retail miners, with the figure falling by 33% since BTC began its most recent leg lower on November 14th. Related Reading: Cryptocurrency Mining Hardware Maker Turns £1,000 into Over £1 Million in First Year Yet, Constantinople May Throw Crypto Miners For A Loop Prospects may already seem overly dismal for the backbone of Ethereum — miners — but commentators and analysts have accentuated that the onslaught is far from over. In a recent sequence of tweets breaking down this topic from the top-down, Alex Kruger, a crypto-friendly markets analyst, explained that the miners left standing aren’t in the clear. Per Kruger’s analysis, if miners currently paying $0.06 per KWH have an ETH mining “operational break-even [of] $67,” currently $35 (-35%) below Ether’s current value. 1/ $ETH mining operational breakeven, paying $0.06 $/kWh for electricity, currently stands around $67 (estimates depend on operational costs other than electricity). For those buying 2nd hand RX580 GPUs and depreciating them in 1 year, breakeven after depreciation stands at $165 — Alex Krüger (@Crypto_Macro) December 18, 2018 Many have ostensibly continued to hash above this stipulated level, yet Ethereum’s break-even is slated for a steep hike in just three week’s time, which may spell disaster for this pertinent subset of crypto. For those who missed the memo, Ethereum, much like Bitcoin, Stellar, and other notable projects, has long been on a path towards scalability and protocol improvement. The next step in Ethereum’s development is Constantinople, the blockchain’s most decisive upgrade in over a year. The hard fork, which moves the so-called “world computer” one step closer to its Serenity phase (Ethereum 2.0) is set to drop on January 16th. Although the Constantinople hard fork primarily consists of updates that improve Ethereum’s functionality and ability to move to a Proof of Stake (PoS) model, when the upgrade goes live, block rewards will fall from three ETH a block to two. As depicted by the chart below from Eric Conner, a zealous Ethereum proponent, the upgrade will cut the Ether inflation rate from ~6.8% to ~4.25%, dubbed a “huge step towards near 0% network issuances [with] PoS” by Conner. Ethereum’s “Thirdening”, where block rewards will be cut from 3 to 2, is 181,580 blocks away. By my estimates it will activate on January 14th (PST). This will be a huge step in the move towards near 0% network issuance in

24 days ago

Litecoin’s [LTC] Flappening over Bitcoin Cash Failed: BCH Takes Over

On Dec 17th, our team at EWN reported on Litcoin’s standing-out performance during which the counter-part of Bitcoin welcomed double digit gains when all virtual assets were victims of the market plunge. The same day, the silver coin overtook Bitcoin Cash’s position by market capitalization, which event was predicted by the founder of Litecoin in the beginning of 2018. At that time, a hot topic in the community was the Ethereum>Bitcoin flippening which Charlie Lee [creator of LTC] did not agree with as a forecast to happen in the future. However, his comedic named event flappening took place. Read: Litecoin [LTC] Differentiates itself from Bitcoin: Eye-opening Gain? or Litecoin’s Charlie Lee Says He Is Interested in Monero (XMR) Two days later, the market has entered a complete green zone with all coins recovering speedy upwards. In the lead is the Nov Hard Forked Bitcoin Cash against the US Dollar with 27.79% gain in the last 24-hours. Source: coinmarketcap Its trading volume is rocketing compared to the last day’s which presented a bound-ranging movement with no key-notes to represent an opportunity to step in. Per time of writing - $525 million. Today’s hands changing has brought Bitcoin Cash to the fifth position by market capitalization, yet again entering the race against the giants of the likes of XRP, ETH and BTC. Brad Garlinghouse: If Ripple Shuts Down, XRP Will Continue to Trade The post Litecoin’s [LTC] Flappening over Bitcoin Cash Failed: BCH Takes Over appeared first on Ethereum World News.

25 days ago

Dogecoin Price Rally Rages on as $0.0027 Resistance is Broken

In the cryptocurrency world, few projects are as successful as Dogecoin. Although one wouldn’t necessarily expect it, the meme currency of the internet has carved out a formidable path over the years. It is now enjoying the overall bullish momentum catapulting all cryptocurrencies in the green. A very strong trend is in place, which pushes the value per DOGE to $0.0027 again. Dogecoin Price Trend is Only Getting Started Although most people are chasing profits for coins which have already gained 15% or more over the past 24 hours, the one currency most traders might want to keep an eye on is none other than Dogecoin. Although it is not noting double-digit percentile gains whatsoever, it is still doing something that most other currencies would love to do at any given time” maintaining stability and showing some gains without any real problems. Over the past 24 hours, there has been a strong Dogecoin price increase of 7%. That is more than respectable, especially when considering how most other currencies are up by 9% or more. Even so, the 1% loss in BTC value further shows it is incredibly difficult for altcoins to gain on Bitcoin. For now, it is merely about riding the coattails for USD gains, prior to effectively decoupling from BTC. On social media, there is one somewhat major development taking place in the Dogecoin sector. One Reddit user has created a new sub to trade Diablo II in-game items for Dogecoin. An interesting approach to monetizing in-game content, although it remains to be seen how much interest there is in this particular concept. Diablo II is still one of the more popular games in the Diablo franchise. Play Diablo 2? I just started a sub where you can trade items for dogecoin! via /r/dogecoin https://t.co/ewIDpImFam hot in #reddit #dogecoin #doge #crypto much wow! — Domain Address Info (@DomainAddress4u) December 19, 2018 This current Dogecoin price trend has many people excited, which won’t come as much of a surprise. Edwin the Investor, for example, is looking at a Dogecoin price of $0.1 by 2019. A very ambitious goal, first and foremost, as that would require a near 40-fold increase in value. Although it is certainly possible, it may not necessarily be plausible. I will see you at .10 during 2019. $doge $dogecoin #dogecoin #doge #cryptocurrency — Edwin The Investor (@El780717) December 19, 2018 When it comes to Dogecoin, an arbitrage opportunity is never too far away. Today is no different in this regard, as there is some good money to be made by moving funds between several exchanges. Combined with the current uptrend in USD value, these arbitrage gains can make for a very lucrative day first and foremost. Any option to score profits needs to be welcomed with open arms these days. #DOGEBuy at #Koinim and sell at #Sistemkoin. Ratio: 0.81%Buy at #Koinim and sell at #HitBTC. Ratio: 2.18%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) December 19, 2018 Depending on how one wants to look at things, Dogecoin is either a useless market or an overall market indicator. That in itself is always very interesting to keep in mind, as this market usually shows there is a lot more momentum to the industry than meets the eye at first. As such, the current price of $0.0027 seems more than warranted, albeit it might not necessarily be the top either. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Dogecoin Price Rally Rages on as $0.0027 Resistance is Broken appeared first on NullTX.

25 days ago

Offchain Indicators Suggest JP Morgan Is Wrong to Write off Bitcoin

JP Morgan Chase & Co. believes the current bear market is scaring investors away from bitcoin, just to add to the never-ending rumors of its demise. But as retail and institutional investors seem to be looking for other options, are classic analysts telling the whole story? Also read: Only Sharks Will Feed on the Crypto Market’s Elusive Price Bottom The Pessimist’s Case for Dismissing Bitcoin A group of JP Morgan Chase analysts believe the prolonged bear market of 2018 is scaring institutional investors away from Bitcoin. Global markets strategist Nikolaos Panigirtzoglou has declared in recently published research notes that financial institutions’ interest in bitcoin trading “appears to be fading” as key metrics like the index of open interest in bitcoin futures, and average exchange volumes “have downshifted dramatically.” Furthermore, JP Morgan’s report says median bitcoin transaction sizes are down to $160 from the highs of around $5,000 seen just a year ago, adding that the more widely used contracts on the Chicago Mercantile Exchange are very close to “the bottom of 2018’s range” according to data from the Commodity Futures Trading Commission. Panigirtzoglou and his team attribute these downward trends to investors taking their money away from the cryptocurrency market but is that really the case? Are the Pros Really Ditching Bitcoin? Even though traditional metrics seem to support Panigirtzoglou’s position, recent data provided by other sources shows that the trends that JP Morgan regards as evidence of investors’ interest dwindling may actually be caused by investors taking their money elsewhere. Jeffrey Sprecher CEO of Intercontinental Exchange and chairman of the New York Stock Exchange seems to disagree with Panigirtzoglou’s view. Sprecher recently said that despite the steep plunge bitcoin prices have taken in 2018, the answer to the question: “Will digital assets survive?” is “unequivocally yes”, adding: No one has dropped out of crypto. [People may] have walked out but no one is walking away Bloomberg Intelligence analyst Mike McGlone believes the bear market is actually distorting perceptions of what’s really happening. McGlone thinks that despite current prices, the total number of combined contracts from the two venues (CBOE and CME) “is set to end the year at an all-time high,” which represents clear evidence that interest in these assets is on the rise. McGlone also added he thinks the market is “extremely oversold” which should hints at sharp rallies in the future. OTC Trading Is Gaining Ground Traditional metrics do not provide the full picture when gauging bitcoin’s future. Over-the-counter (OTC) transactions (performed outside of exchanges) are now believed to be capturing increasing volume. Binance CEO Changpeng Zhao said in October: What I’ve heard is the OTC market is at least as large as the live recorded volumes [on exchanges]. So that is at least 50 percent of volumes that is not being reported on Coinmarketcap. According to a recent report by Diar, institutional money is steadily flowing into BTC as traders are moving away from exchanges and starting to take advantage of the OTC markets’ greater liquidity. Further, Diar’s data shows that even though OTC markets are open for only 31 percent of yearly tradable hours and trading volumes are still relatively small, there is a clear trend showing that OTC trading is on the rise. The report reads: With no time stop on trading, institutions and big money would require access around the clock from fears of a rude awakening in a market that remains highly volatile despite that decreasing to new lows this year. Grayscale Investment Trust published data earlier this year showing that the bearish trends observed in 2018 have discouraged retail investors and speculators but have had the contrary effect on institutions, whose involvement in the market is “counter-intuitively” accelerating to levels never seen before by the Trust. Peer to Peer Transactions Are Also on the Rise As with OTC transactions, peer-to-peer trading does not cause any price discovery, even though P2P platforms are moving millions of dollars worth of bitcoin around the world. Trading volumes on Localbitcoins are anything but bearish, with many countries experiencing massive increases in P2P trading. South American nations are leading the way with countries like Peru, Colombia and Argentina doubling or even tripling volumes since 2018’s crypto price crash began. In particular, economically battered Venezuela has seen an immense rise in Localbitcoins trading that is showing no signs of abating. These trends suggest that JP Morgan Chase analysts may have misread the market and written it off too hastily. As P2P and OTC markets show, there’s plenty of life in Bitcoin yet. Coupled with the amount of infrastructure work being expended on improving wallets, exchanges and custodial solutions and it’s clear that the groundwork is being laid for the next wave of Bitcoin investo

25 days ago

French National Assembly Rejects Plan to Loosen Crypto Taxes

The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space.As reported by Bitcoin.fr, there recently existed a series of proposals to present a friendlier environment to cryptocurrency firms in France, none of which were able to pass the lower house of the nation’s legislature. The report listed several proposed amendments to the French tax code, many of which hardly seem like radical ideas. For example, Amendment 399 was apparently intended to clarify distinctions between occasional usage of crypto assets with routine transactions, without any reference to trying to take advantage of either classification. A similar amendment to defer payment of capital gains taxes until crypto assets were converted into fiat also failed.In addition to these, however, were more substantial measures specifically intended to make cryptocurrencies more attractive. One proposed amendment listed figures of 5,000, 3,000 and 305 Euros as annual tax exemptions for usage of cryptocurrency. None passed. Another amendment aimed at allowing cryptocurrency taxation laws to more closely resemble traditional capital gains tax laws was shuttered unceremoniously as well. France’s tax policies as of late have captured the imaginations of the world’s presses. French president Emmanuel Macron has attempted to enact policies of austerity and cuts to social safety nets while continuing to raise taxes on gasoline that millions of French citizens consider a basic necessity to travel and hold a job.The resultant “Yellow Vest” riots are far from able to overwhelm the government entirely at present, but they serve as a grim reminder to the legislature that the French Republic has collapsed entirely multiple times within the last century and had close calls as recently as 1968. In light of these current events, it may simply be that the French government is feeling skittish about showing any more favoritism with its tax policies. In other words, this rejection could have very little to do with the overall viability of cryptocurrencies in France. This is an extremely hot time in the French political scene, and the crypto bear market may not be doing proposed amendments such as these any favors. This article originally appeared on Bitcoin Magazine.

25 days ago

Cobinhood Plans Series of Delistings due to Low Volumes

Several once hot digital assets will be abandoned by Cobinhood because of low liquidity and decreasing volumes.

a month ago

Bitcoin Scam Alert: Criminals Demand BTC Payment to Call Off Hit Man

Scam artists have tried just about every trick in the book to relieve people of their Bitcoin in recent years. The latest effort is rather lacking in the sophistication department, however. A report in Bleeping Computer states that people have been receiving emails that are apparently from the owner of a dark web site offering various illegal services. The emails state that someone has hired a hit man to murder the receiver. Fortunately, the site owner is willing to call the hired gun off - if the receiver pays up first. Scammers Have Received No Bitcoin So Far According to the report, the email was sent out yesterday and contains this (or a similar) subject line: “Pretty significant material for you right here 17.12.2018 08:33:00.” The body of the message is written in sloppy English with poor spelling and grammar - hence the errors in the quotations provided in this article. It states that the sender is the owner of a dark web site. It goes on to list the kind of services offered: “Ihave got a site that includes all kinds of offerings which I give in dark net.Nearly anything from totally eliminating peoples small business to physical accidental injuries and many others.” The sender then states that they have been contacted by someone who wants to hire a hit man to dispose of the email’s receiver. This is to be performed in an “instant”, “pain-free” manner. However, it appears that the sender would rather take a fee without having to get their hands dirty. They are therefore offering the receiver the opportunity to pay for the hit to be called off. In the report in Bleeping Computer, the author seems to suggest that the price demanded is $4,000. From reading the email thoroughly, it appears that this is the amount paid for the hit itself. Despite the poorly worded email, the fee for its cancellation is actually $1,200. Here is the text itself: “Soon after the purchase is complete, I often remove the hitman as well, therefore i do have a selection, to generate a grand and two hundred coming from you, quite simply with no effort, or to get 4k from the customer, yet to lose my executor.” A curious deadline of 38 hours is also included. The reason for this particular amount of time is not made clear. However, it could be as simple as the attacker getting confused between the more commonly used time frames of 36 and 48 hours. Finally, there is a Bitcoin address to which payments should be sent: “1EzJ4iMPNzZVxgHzD1wz1rcbYiGxAM9RPZ” A quick look at a blockchain explorer confirms that no one in receipt of one of these supposed threats has so far paid up to call off the most likely imaginary hit. Judging by the scam’s lack of sophistication, it also seems doubtful that anyone will fall for it. Staying Safe From Bitcoin Scams As mentioned there are loads of different Bitcoin scams around today. Some involve ransomware, such as the WannaCry attack last year, others involve the targeting of individuals with known connections to the Bitcoin community and extorting funds from them. Although impossible to make yourself completely immune from such criminal efforts, there are some simple precautions to take that will drastically reduce the likelihood of you becoming a victim yourself: Do not keep any serious amount of Bitcoin in a hot storage solution (desktop, mobile, or online wallet). Always use proper cold storage (paper wallet for those able, hardware wallet for the rest of you) for most of your holdings. Do not go bragging either online or in real life about being involved in digital currency. If you must let people know, downplay the amount of time you have been in the space for and never disclose how much crypto you hold. If something sounds too good to be true (Twitter celebs sending you Bitcoin after you send them a smaller amount), it almost certainly is. Treat all “free lunches” with caution. If selling Bitcoin in person, it is a good idea to use a coin mixing service before meeting the buyer. This will stop them knowing exactly how much you hold in wallets connected to the one you are selling from. Also, meet people in well-lit, public places and take someone trusted with you or at least let someone know where you are going. Thanks to its properties of pseudonymity and a belief that the value of Bitcoin will continue to increase, scammers are continually devising ways to trick people out of their BTC. Stay up to date with previous scams and always be vigilant. If you hear of any similar Bitcoin-related scams, report them to NewsBTC and we can help spread the word to keep others safe. Related Reading: Could North Korea Be Harbouring an Army of Crypto-Hackers? Featured Imagine from Shutterstock. The post Bitcoin Scam Alert: Criminals Demand BTC Payment to Call Off Hit Man appeared first on NewsBTC.

a month ago

Conference Call on the 0x Fork and the Hydro Protocol with DDEX

Join Global Coin Research editor-in-chief Joyce Yang and Tian Li, co-founder and CEO of DDEX, to discuss the 0x fork and the Hydro Protocol.Last Friday, the team behind DDEX and the Hydro Protocol, announced that they would be forking the 0x protocol and releasing their own implementation. DDEX is the largest relayer in the 0x ecosystem by volume, and accounts for over 33% of the total volume of trades each month. This event is particularly worth paying attention to because it is one of the first times we are seeing a Layer 2 project having its token forked. After the DDEX team made their announcement, the 0x team shared a response to the fork. Will this be a significant challenge, mutually beneficial, or just a bunch of noise? We will try to determine by the end of this conference call. Details Date: Thursday, December 20th, 2018Time: 4pm PT - 4:45pm PT / 7:00pm ET - 7:45pm ETLocation: Conference CallHost: Joyce Yang, Founder and Editor-in-Chief, Global Coin Research and Tian Li, co-founder and CEO of DDEXFormat: Tian will kick off by discussing the fork and Hydro, and we’ll leave 25 minutes for questions from the audienceHow: Subscribe and become a member for just $5 a month, and receive dial-in details 30 minutes before the callWe will take your questions, and we’ll touch on the following topics and more: Why DDEX decided to fork 0x - was this necessary?The new Hydro protocol and the HOT token - where is this going?DDEX team’s thoughts the ZRX token, and on the topic of governance, one of the key value propositions of the ZRX tokenThe future relationship between 0x and Hydro and outlook on 2019 We discussed DDEX with cofounder Bowen Wang last months in a podcast where we talked about 0x, DEXes, regulatory environment in China and more. Premium subscribers can get direct access to the transcript here. To learn more about the fork, check out some readings here from Trenton’s analysis, and dydx founder’s tweet thread on 0x. Dial-in details will be sent approximately 30 minutes before the call. This call is exclusive to subscribers (access to the call is non-transferable).

a month ago

Coming Up: Conference Call on the 0x Fork and the Hydro Protocol with DDEX

Join Global Coin Research editor-in-chief Joyce Yang and Tian Li, co-founder and CEO of DDEX, to discuss the 0x fork and the Hydro Protocol.Last Friday, the team behind DDEX and the Hydro Protocol, announced that they would be forking the 0x protocol and releasing their own implementation. DDEX is the largest relayer in the 0x ecosystem by volume, and accounts for over 33% of the total volume of trades each month. This event is particularly worth paying attention to because it is one of the first times we are seeing a Layer 2 project having its token forked. After the DDEX team made their announcement, the 0x team shared a response to the fork. Will this be a significant challenge, mutually beneficial, or just a bunch of noise? We will try to determine by the end of this conference call. Details Date: Thursday, December 20th, 2018Time: 4pm PT - 4:45pm PT / 7:00pm ET - 7:45pm ETLocation: Conference CallHost: Joyce Yang, Founder and Editor-in-Chief, Global Coin Research and Tian Li, co-founder and CEO of DDEXFormat: Tian will kick off by discussing the fork and Hydro, and we’ll leave 25 minutes for questions from the audienceHow: Subscribe and become a member for just $5 a month, and receive dial-in details 30 minutes before the callWe will take your questions, and we’ll touch on the following topics and more: Why DDEX decided to fork 0x - was this necessary?The new Hydro protocol and the HOT token - where is this going?DDEX team’s thoughts the ZRX token, and on the topic of governance, one of the key value propositions of the ZRX tokenThe future relationship between 0x and Hydro and outlook on 2019 We discussed DDEX with cofounder Bowen Wang last months in a podcast where we talked about 0x, DEXes, regulatory environment in China and more. Premium subscribers can get direct access to the transcript here. To learn more about the fork, check out some readings here from Trenton’s analysis, and dydx founder’s tweet thread on 0x. Dial-in details will be sent approximately 30 minutes before the call. This call is exclusive to subscribers (access to the call is non-transferable).

a month ago

Bitcoin [BTC/USD] Technical Analysis: Market to maintain volatility before bull tightens grip

As the cryptocurrency market is amidst a bull-run, Bitcoin is leading the change by being up by 6.37%. At the time of writing, the coin was trading at a relatively appreciated price of $3,496 with a market cap of $60.9 billion. The 24-hour trading volume was $6 billion. 1-hour: BTCUSD 1-hour candlesticks | Source: tradingview In the one-hour time frame, the BTC candlesticks witnessed an uptrend extending from $3,238 to $3,484, whereas the resistance is set at $3,583. In the current bull-run, the coin attempted to contact the resistance point, but could only reach the $3,547 level. However, the ascending triangle formed by the uptrend with the resistance line is showing a clear uprise in the BTC market. The Parabolic SAR is bearish on the cryptocurrency. This is indicated by the dots that are aligned above the price candles to side with the bear. The Awesome Oscillator is also extremely bearish on Bitcoin. The bars are glowing hot red to project warning of the bear lurking around the corner. The Aroon indicator is on the bear’s side as well. The red trend has hiked and the uptrend has become weaker in strength. This is indicative of suggesting a bearish-run for BTC. 1-day In the longer timeline, the downtrend is extending from $6,259 to $3,496 whereas the support is set at $3,183. The downtrend is forming a descending triangle with the support, depicting a decline in the market trend. The Bollinger Bands are showing lower volatility than before in the Bitcoin market as the bands converged slightly a while ago. The RSI has found its way out of the oversold zone to work for a trend reversal. However, the indicator is stuck in the bearish zone, struggling to climb up. The Relative Vigor Index is extremely bullish on the token as the reading line made a positive crossover by the signal. The line is moving upwards to confirm its stance. Conclusion In the technical analysis, the indicators used in the shorter timeline suggest a brutal bear-run in the BTC market. However, in the longer run, the indicators are shooting a mixed response, leaning towards a bullish prediction for the coin. The post Bitcoin [BTC/USD] Technical Analysis: Market to maintain volatility before bull tightens grip appeared first on AMBCrypto.

a month ago

Dogecoin Price Hits Highest Value Since Mid-November

The hourly charts for most cryptocurrencies start to show signs of weakness, which might signal some incoming bearish momentum. Although no real damage has been done so far, some of the early morning gains have been wiped out in the process. For Dogecoin, these small setbacks will not result in any real changes, primarily there is still a solid uptrend in place right now. Dogecoin Price Rally has been Spectacular After going through multiple weeks of stability, the Dogecoin price finally started showing very bullish momentum earlier this week. A very strong uptrend has been noted in the past few hours, despite some setbacks on the hourly charts. Although it seems unlikely the value will remain near the $0.0025 level for much longer, it is still a vast improvement compared to just a few days ago. Slow and steady will often win races. Over the past 24 hours, there has been another strong 16% increase in Dogecoin’s value. This has pushed the price to $0.002479, although there may be a dip to $0.0023 in the coming hours. There is also a 9.6% increase in Bitcoin value, which further seems to indicate the uptrend might remain in place in that department. It is also the first time in a while one DOGE is valued at 70 Satoshi or more. On social media, there are some interesting developments to take into account. Dogecoin has, according to some recent statistics, seen a healthy increase in the number of total users over the past 12 months. There have been some dips along the way, but overall, things are looking pretty good where active addresses are concerned. This further confirms the meme currency of the internet is still in a very good place right now. Dogecoin has more users today than December 2017 via /r/dogecoin https://t.co/IiQmcVdO9o hot in #reddit #dogecoin #doge #crypto much wow! — Domain Address Info (@DomainAddress4u) December 18, 2018 For some unknown reason, the overall demand to get Dogecoin listed on the top 10 cryptocurrency exchanges continues to fall on deaf ears. Considering how Dogecoin transacts the third-most value over its network of all currencies, one would expect more companies to pay attention. For the time being, such an elusive listing remains out of reach, although it does create some interesting debates regardless. Still waiting for Binance, Coinbase and other top ten cryptocurrency exchanges to trade one of the most popular cryptocurrencies, #Dogecoin. pic.twitter.com/Ygvwlfh2Z6 — mj (@silkmarketindex) December 18, 2018 Not a day goes by without a good Dogecoin meme showing up on social media. The current Dogecoin price chart has taken on a very different meaning when looking at the chart below. Illustrations can often make things look a bit more bearable, albeit one has to commend the person responsible for creating this chart for getting rather creative while doing so. @DogecoinMemes $DOGE #doge #dogecoin pic.twitter.com/uIc4ITsJsr — PJ Morin (@pjmorin20) December 18, 2018 Based on the current market circumstances, a small Dogecoin price retrace seems to be in order. Major uptrends usually can’t be sustained for more than a few hours and the hourly charts don’t look that impressive right now. Even so, it is very likely one DOGE will be valued at 70 Satoshi for the remainder of the day, whereas the DOGE/USD ratio may undergo some changes moving forward. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Dogecoin Price Hits Highest Value Since Mid-November appeared first on NullTX.

a month ago

New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post.The new service connects to a user's bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for $2.97, Shakepay Change would use the $0.03 to invest in bitcoins or ether. Each satoshi purchased will be added to the user’s Shakepay wallet, where it can be transferred to another bitcoin wallet or sold for cash. Shakepay charges a 0.75 percent transaction fee for buying or selling cryptocurrency, but it's free to deposit or withdraw funds."We’re excited that Shakepay Change will allow every Canadian to easily own bitcoin, buying small amounts gradually over time. Many of our customers already buy bitcoin week after week for the purpose of long-term holding," Shakepay CEO Jean Amiouny told Bitcoin Magazine via email.Montreal-based Shakepay operates with a Money Service Business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in all Canadian provinces and territories. The firm had also partnered with Schedule 1 bank, one of the few bitcoin-friendly banks in Canada, earlier this year. Amiouny said the new service will be available to all customers of major Canadian banks and credit unions, so Canadian users will be able to link their bank accounts to Shakepay Change once it launches regardless of their bank.On the issue of security, Amiouny said the startup has built extra security features to protect customers, including "2-Factor authentication, email confirmations for outgoing crypto transactions, app PIN code, [and] login alerts, among other fraud detection programs internally."He said that the majority of customer funds are held in an air-gapped cold storage system with only a small portion of funds held in the company’s online hot wallet so that they are available for immediate customer withdrawals.Shakepay's round-up investment for cryptocurrencies is similar to what Acorns did to traditional assets. U.S.-based Acorns launched its micro-investment service three years ago, which became popular with millennials, enabling the company to grow to over 850,000 customers. Customers entrust the investing app with their credit card details; in return, the app automates their investment process on traditional assets. Coinflash offers a similar service to American consumers through its mobile app. Unlike Shakepay, Coinflash pulls the data from your debit or credit card and uses the spare change to make purchases on Coinbase. Thus, users need a Coinbase account before they can fully profit from the automated investment process. Shakepay Change, on the other hand, uses Shakepay’s own exchange, so it doesn't need to outsource this service.A similar service, Lawnmower, which started as a roundup app for buying up bitcoin with spare change, was acquired by digital currency news outlet Coindesk in 2017. As with Coinflash, Lawnmower makes its purchases through an API integration with Coinbase. Lawnmower was subsequently acquired due to the ease of use and appeal of its cryptocurrency price charts. This article originally appeared on Bitcoin Magazine.

a month ago

GP Bullhound sees 2019 bitcoin recovery, credit market crash may help too

Predictions from respected corners of the mainstream financial world - GP Bullhound and Saxo Bank - could be good news for the crypto industry and its status as a valid and profitable asset class. US advisory and investment firm, GP Bullhound (GPB), under the subhead “Cryptocurrency will Grow Up”, concurs with the balance of opinion among analysts covering crypto, that institutional money will lead the recovery. GPB’s prediction report is bullish: “We are yet to see the best of cryptocurrencies. Blockchain activity is picking up with even traditional financial institutions ensuring they do not get left behind. 2019 should be the year institutional capital flows into cryptocurrency, with previous obstructions and tight regulations lifted,” Last year the tech-focused investment firm correctly foresaw the crypto implosion, which in hindsight some might say was not too difficult to predict. It did however put a number on its premonition, arguing that a 90% correction would take place, although it has been surprised by the speed of the collapse. Nine out of 10 of its 2018 predictions have proven to be correct, so its 2019 crypto recovery prediction should not be dismissed as just more hot air from investment firms trying to protect their investments. And for institutions it’s not just the attraction of the financial gains of buying coins at the bottom (wherever and whenever that might be), but investment in distributed ledger tech more broadly: “We predict 2019 will be the year of institutional capital inflow into blockchain, which will not be solely financially motivated, but backed by increasing demand we see on the corporate and family office side and their desire to build positions. Initially this will happen through funds, equity investing into blockchain technology projects as well as financial instruments and derivative products related to major cryptocurrencies.” Intercontinental Exchange’s Bakkt platform is likely to be one of the critical on-ramps for “institutional capital inflow”, as too might be the small number of regulated instruments that currently exist. These include the Bitcoin Investment Trust from Barry Silbert’s Grayscale Investments (although it trades at a premium to its net asset value which would be off-putting); the exchange traded notes (these are debt instruments not ETFs) provided by CoinShares’ XBT Provider Bitcoin and Ethereum tracker products and newer offerings such as the Amun Crypto Market Basket Index ETP, which recently launched the first regulated crypto index fund in Europe on the Swiss main market. Amun’s product currently has the second-highest turnover of all exchange traded products on the Swiss market. Add to that the growing interest in security token offerings (STOs) that EWN reported on in November, and the entry routes are coming into view, and GPB agrees: “There is a massive wave of fully compliant security token offerings (“STOs”) lined up and also the developments around tokenization of assets (“TOAs”) is extensive - both are expected to continue to raise the bar on market standards very fast...” However, as GPB underlines, institutional entry still faces the issues around regulatory clarity, liquidity and custody. Nevertheless, Olga Feldmeier, chief executive of Smart Valor, which is building a security token platform, commenting on GP Bullhound’s bullish stance, noted: “Cryptocurrencies will continue to innovate beyond the well-known bitcoin and Ethereum, and we will see many more coin and payment products emerging. All that will clear the way for mass adoption, which we will see in the second half of 2019.” GP Bullhound’s ones to watch GPB’s companies/partnerships to watch are: Alibaba, AWS/Qtum, Binance, Bitfury, Blockstack, Bloomberg/Galaxy, Coinbase, Gemini, Soros Fund Management, Goldman Sachs, IBM/Stellar, Ledger, Revolut, NYSE Bakkt, Rockefeller/Venrock, t3, Yale, Stanford University, Harvard University, MIT, Fidelity GPB’s Coins to watch: Bitcoin, Ethereum, Monero and Stellar. The year blockchain gets out of the labs For those that were starting to lose faith in blockchain tech ever emerging from the fintech labs of the many financial institutions running pilots, GPB confirms that many are still on track to emerge into the wild, as corporate FOMO asserts itself. “Underneath the surface, activity in Distributed Ledger Technology (“DLT”) is in full speed, even within financial institutions.” One financial adoption story (it’s not all about Ripple, which doesn’t get a mention from GPB) that hasn’t had much coverage was the announcement from Calastone that it will be moving its global fund transaction business on to blockchain. That will have the effect of reducing costs for mutual fund investors, assuming the savings are passed on by fund giants such as Vanguard, BlackRock and Fidelity. Calastone is no small fry - it has trading volumes valued at $80 billion per month, with 1,300 institutions part of its network in 34 markets around the world. Julie

a month ago

Dogecoin Returns to the Crypto Market Cap top 20

It has been a rather interesting Sunday for most cryptocurrencies and digital assets so far. Although there is still a fair amount of bearish momentum to contend with at this time, there are some positive trends to be noted as well. In the case of Dogecoin, for example, there has been a solid uptrend as the altcoin enters the market cap top 20 once again. Dogecoin Price Momentum is Brewing When looking at most of the cryptocurrencies, there is no real sustainable momentum in place right now. All top markets have shown some positive momentum at first, although the hourly charts are looking pretty bleak right now. One notable exception in this regard is Dogecoin, as the meme currency of the internet continues to do its own thing first and foremost. Over the past 24 hours, there has been a notable increase in the Dogecoin value. This is primarily because of a 2.4$ increase in the US Dollar value, which elevates the price per DOGE to $0.0021 again. There is also a minor increase in the DOGE/BTC ratio right now, although that 0.3% difference might not get too many people excited at this time. There are plenty of people who make good money when it comes to Dogecoin. Bobcat Crypto, one of the many Twitter accounts seemingly specializing in trading signals, has made a healthy profit by trading DOGE on the Poloniex trading platform. That is a pretty interesting development, albeit it has been a good week for this altcoin in the DOGE/BTC department. BUY trade (ID #13662) for $DOGE (Dogecoin) opened on 12/3/2018 8:37 PM has been closed at a PROFIT of 20%. Trade opened on Poloniex (https://t.co/ljKjqeIKTp) at BTC 0.00000055. Trade closed at BTC 0.00000066.#DOGE #Crypto #Cryptocurrency #Poloniex #Dogecoin — Bobcat Crypto (@BobcatCrypto) December 16, 2018 One interesting thread has surfaced on Reddit. It is not uncommon for people to lose access to specific cryptocurrency wallets over time. In fact, this happens a lot more often than most people would be comfortable with. One Dogecoin user relocated a wallet with a 350 DOGE balance. It doesn’t amount to much money, but the moral victory of finding such a wallet after deeming it lost forever is quite enjoyable. I just found 350 Đ from 2015 and I'm insanely happy! via /r/dogecoin https://t.co/78gPreURJn hot in #reddit #dogecoin #doge #crypto much wow! — Domain Address Info (@DomainAddress4u) December 16, 2018 When it comes to envisioning the future for Bitcoin and other cryptocurrencies, it will be interesting to see what the future will hold exactly. Laird Pennies di Stabile is confident holding is still the right approach first and foremost. As such, one has to wonder how things will move ahead in 2019, as things are not looking all that great right now. HODL for integrity first, greed second. Benefit of the doubt I'm thinking most of us have much integrity. Another reason I know that cryptocurrency will be great for the World. #Dogecoin #btc #DOGE — Laird Pennies di Stabile (@much_gio) December 16, 2018 All things considered, it seems the current Dogecoin price trend remains rather solid. Now that the meme currency is back in the cryptocurrency market cap top 20, a lot of interesting things could happen accordingly. Even so, no one knows for sure if this trend will remain in place for more than a few hours, After all, the bearish pressure has not officially relented, but things are bound to head in the opposite direction sooner or later. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Dogecoin Returns to the Crypto Market Cap top 20 appeared first on NullTX.

a month ago

Hydro Protocol

Hydro Protocol is a next-generation network transport layer protocol for hybrid decentralized exchanges that utilizes Federated Liquidity Pools' (FLP) to address the issue of liquidity. The team behind Hydro also found DDEX, the first decentralized exchange built on the Hydro Protocol and offers instant, real-time order matching with secure on-chain settlement. Hydro Protocol is expanding further: launch of developer trading widgets and Delta Relay a new Dapp. Hydro Protocol is listed on CoinMarketCap. Would you like to receive the latest free Airdrop Alerts? Join our Airdropalert Telegram. Hydro Protocol is airdropping daily a pool of HOT tokens, which will be rewarded to all airdrop participants. Current price: 1 HOT = 0.01 USD How to join? Sign up on Hydro airdrop page. Verify your mail, login and complete simple tasks to earn point. Your earned points will be used to calculate the total number of Tokens rewarded to your account at the end of each 24 hours. You can withdraw your tokens after 30 days. Refer friends to earn more tokens.

a month ago

Mt Gox CEO May Face A 10-Year Jail Sentence

Mt. Gox, was the end and beginning of an era in the Crypto world. Faith for it’s CEO Mark Karpeles is finally coming to a verdict. According to reports, prosecutors against Mark Karpeles are pushing for a ten-year jail term, in the Tokyo District Court.Allegations towards Karpeles include diverting funds to other ventures and also money laundering. A total of 340 million yen which is about $3 million US has reportedly been embezzled from Mt. Gox clients by Karpeles. In his defense, Karpeles mentioned that the money transfers were temporary loans and not manipulation. He is still to prove the transfers were loans.The allegations gathered by the prosecutors include transfers to a 3D printer business which Karpeles purchased for 315 million yen, a purchase of a canopy bed for 6 million yen and an unspecified amount in 2015 on prostitutes.Worst of all Karpeles has lawsuits filed in the United States too, by former clients of Mt. Gox, to which his defence lawyers claim there are jurisdiction barriers. Zerocrypted Opinion Mt. Gox was the beginning of Bitcoin domination, and the first significant reason Bitcoin’s impression to mainstream public fell drastically. It led to severe financial watchdogs keeping an eye on Bitcoin and Cryptocurrencies.Mt. Gox was launched in July 2010, and by 2013 and 2014 it handled a whopping 70% of all Bitcoin transactions. It was the world’s largest Bitcoin intermediary and the world’s leading Bitcoin exchange. In February 2014 Mt. Gox came crashing down by a suspension of trading, and closure of its website and exchange service. It filed for Bankruptcy protection from creditors. Liquidation began in April 2014.The main reason cited for the collapse was 850,000 Bitcoins belonging to customers reportedly missing. At that time 850,000 Bitcoins were valued at $450 million.Since then only 200,000 Bitcoins were found. It all became clear in April 2015 when the Tokyo Security company WizSec concluded that Bitcoins were stolen from Mt. Gox’s hot wallet from 2011. Karpeles was arrested in August 2015 for manipulation of increasing the balance in the account along with moving Bitcoin into an account he controlled.Overall an imprisonment of 10 years for Karpeles, will lead to Cryptocurrency exchanges ensuring that manipulation is considered a severe fraud! Image Source - Flickr The post Mt Gox CEO May Face A 10-Year Jail Sentence appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

a month ago

Daily Cryptocurrency News - 11th December 2018

Here are the most important crypto news of December 11th, 2018: Cardano (ADA) Blockchain Now Have Two New Smart Contracts Tools Developed by IOHK IOHK, the blockchain research and development firm, announced on December 11th 2018 the launch of two new tools for Cardano (ADA). These two tools will be used to write smart contacts for the Cardano blockchain and they’re named : Plutus and Marlowe. Right now, these are just in the testing phase.The main purpose of these would be to help start-up, financial services and others to create smart contracts for the Cardano network. Plutus offers a general purpose programming language and tools for Cardano. The scientists from IOHK have combined the logic of Haskell with Cardano to create a way for fintech developer to write secure smart contracts. To test it, they’ve created Plutus Playground. Plutus Playground is an easy-to-use tool for development and testing environment tool. Afterwards, these contracts can be deployed to the blockcahin itself. For people less familiar with programming, there’s Marlowe. Marlowe is an easy way to generate code and create software products. Its purpose is to help financial institutions to create their own smart contract or ‘automated financial contracts’ without the hustle of programming. IOHK’s CEO, Charles Hoskinson, declared: “We’re really excited to release testbeds of Plutus and Marlowe so developers, finance professionals, and academics can test how they can use smart contracts on Cardano. Both technologies are a major step forward for the blockchain industry. They have been rigorously designed by a team of leading experts in programming language design, with the aim of reducing the kinds of software bugs that have led to huge losses totaling hundreds of millions of dollars.” Moreover, Philip Wadler, Area Leader for Programming Languages at IOHK commented: “IOHK is unique among cryptocurrency firms for its insistence on basing its development on peer-reviewed research, and one of the few to support rapid and reliable development by using the functional language Haskell. Plutus continues these trends. Where programming Ethereum requires coding in two languages, Solidity for the on-chain code and Javascript for the off-chain parts, and other systems suffer a similar split, Plutus is the only system that provides an integrated language for both, based on Haskell. Its core language for on-chain code has been kept extremely simple to make it future-proof and so it supports verification. The core is taken directly from the work of the French logician Jean Yves Girard and the US computing researcher John C Reynolds, who independently invented the same system. We have a crack team of world-leading researchers and developers designing, implementing, and formalizing Plutus.” Using these two tools, Cardano creates and easier way to create your own smart contracts. These would play a pivotal role in the launch of the decentralized network in 2019. Stock Trading On Over 100 Markets With Bitcoin is Now Possible WCX, a recently launched trading platform, allows users to go short or long on 100+ markets by using Bitcoin. The platform was created by Amatsu Soyonobu, an ex-Apple software manager and quantitative financier. Alongside with Tagawa Hayashida, they founded WCX - the trading platform that let regular people trade on global financial markets by using only Bitcoin. Since their launch in 2018, October - WCX managed to get over 125,000 traders from 189 countries with a notional trading volume of more than $1 billion. “Think of us as a stock brokerage, except instead of depositing fiat, you deposit Bitcoin,” WCX have a wide variety of markets, such as EUR/USD, Tesla stocks, Gold and some of the most popular crypto markets: BTC/USD and ETH/USD. You can trade on any of them using BTC as collateral. “There’s obviously something here. People love how easy and fast it is to trade using Bitcoin rather than non-programmable money like the dollar,” He also states that one of the biggest benefits of the WCX is that using Bitcoin instead of FIAT - the costs are highly reduced : “We can offer 0% fees on deposits, withdrawals, and trades because we said no to fiat. We consider Bitcoin our competitive advantage.” To trade on WCX, you need to comply with KYC laws as they’re a Swiss company. The platform have a great security and declares that 98% of the funds are in ‘cold offline wallets’ : “Security is our top priority. We use the most tested and secure wallet architecture, which includes cold/hot wallet segregation. We keep 98% of customer funds in cold offline wallets, out of reach from attackers. Hot wallets are used to process withdrawals quickly. They’re protected with state of the art security and insured against theft.” This new way of trading could help people profit even on the continuous bear market from the cryptocurrency industry. Its a great idea and the feedback from the users was extremely positive according to Mr. Soyonobu. You Can

a month ago


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