Infinity Economics XIN

$0.0014
Market Cap $ 0.000 (#204)
24h Volume $ 1.341 MM
Chg. 24h: -0.31%
Algo. score 2.7/5  (#816)
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Infinity Economics News

Ethereum Mining Pool Sparkpool will Freeze Mysterious $300,000 Block Reward

Sparkpool, the Ethereum mining pool which recently received $300,000 for a single ETH block reward, has announced that it will freeze the funds. The ETH block reward contained a 2,100 Ether fee and the size of the block reward was nearly 600 times larger than the normal ETH block reward of 3 ETH. Data from Etherscan shows that block 7,238,290 had 210 validated transactions and Sparkpool received 2,103.1485 for the transaction. Following yesterday’s story, Sparkpool announced that “we have temporarily frozen this fee and are now waiting for the sender to contact us for a solution.” Sparkpool also said that if the sender does not contact the firm over the next few they will “allocate the fees to miners who are entitled to the reward.” Sparkpool CEO Xin Xu said that miners understand the decision and he explained that “blockchain is so far not completely run by machines; humans are still involved.” (RS)

2 days ago

Crypto Trading Volume Hits 9 Month High at $34 Billion

Market Wrap Crypto markets still rallying; EOS and BCH running away with it, Cardano, Dash and ETC performing well. The big crypto rally which began with Ethereum yesterday has continued today where a different top performer has emerged. Total market capitalization reached a high of $134 billion as a further $9 billion was added to yesterday’s pump. Daily volume has not been over $34 billion since late April 2018 according to Coinmarketcap. This marks a huge 9 month milestone in crypto trading volumes and some analysts have predicted the beginning of what they term as ‘altcoin season’ where market cap for them alone reaches a pivotal resistance point on the long down trend line. Bitcoin has approached key resistance at $4,000 before pulling back to current levels around $3,920. This represents a 5% gain on yesterday’s levels where BTC reached $3,750. Bitcoin has run out of steam in previous recent two-day rallies so it is not expected to break resistance. Ethereum has extended its lead over XRP by adding another 7% on the day to reach $147. The gap between the two is now just over $2 billion as Ripple’s token faces possible competition from JP Morgan’s new stablecoin. XRP added 5% on the day to reach $0.324. Today’s top ten champion is EOS which surged 30% before pulling back to current levels around $3.60. It has raced past Litecoin and retaken fourth place with a clear margin of nearly $400 million. EOS volume pumped to over $2.3 billion pushing the token to a three month high. Bitcoin Cash is also performing well during the day’s Asian trading session as it adds double digits and approaches $150. The top twenty is showing a more balanced round of gains with Cardano, Dash and Ethereum Classic leading the group here making over 8% since the same time yesterday. The rest are showing solid improvements from low levels over the past 30 days. Aside from EOS and BCH, big fomo is also going to Mixin at the moment pumping 17%. Holo is also getting a big hit with a 15% jump on the day. EOS is the top one hundred’s top performer though. Predictably yesterday’s pump is dumping today as WAX sheds 16% and Quant is not far behind dropping 9%. Total crypto market capitalization has increased by 6.4% on the day and is currently just below $133 billion. The $8 billion injection is significant but the increase in daily volume to a nine month high of $34 billion could be signs of a continuation of this rally and possible trend reversal. Market Wrap 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 Trading Volume Hits 9 Month High at $34 Billion appeared first on NewsBTC.

3 days ago

$KNC by @KyberNetwork has been added to Mixin Messenger Powe...

$KNC by @KyberNetwork has been added to Mixin Messenger Powered by @Mixin_Network #Mixin_Network #MixinMessenger… https://t.co/e4aRkpvguh

22 days ago

Mixin Messenger version 0.9.3 has been updated on App Store,...

Mixin Messenger version 0.9.3 has been updated on App Store, new function & Optimization: 1. Supported audio messag… https://t.co/LC9iVsBgrd

25 days ago

$CVC by @civickey has been added to Mixin Messenger Powered ...

$CVC by @civickey has been added to Mixin Messenger Powered by @Mixin_Network #Mixin_Network #MixinMessenger… https://t.co/3xRqveoiNu

a month ago

$CHAT by @OpenChatCo has been added to Mixin Messenger Power...

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a month ago

$BTK by @bitcoin_token has been added to Mixin Messenger Pow...

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a month ago

$BAT by @AttentionToken has been added to Mixin Messenger Po...

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a month ago

A small improvement added on Mixin Team (Bot ID 7000) makes ...

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a month ago

NYC adopts Smart City Tech with MXProtocol IoT Standard

Berlin-based Blockchain non-profit MXC, announced the launch of their “Smart City IoT Standard”, the MXProtocol, in New York City in cooperation with MatchX GmbH and Citiesense. The 2019 NYC Smart City Program will see hundreds of Smart Sensors & LPWAN Gateways deployed across the business districts in NYC. These high tech sensors will manage local assets and collect data to optimize waste management by using detailed data to reduce operational cost and decrease traffic congestion; improving local residents’ quality of life. “This is a big day for New Yorkers and for the future of IoT,” said MXC Co-Founder Aaron Wagener. “Using the MXProtocol and the insights of Citiesense we’re significantly increasing data reach and efficiency, ultimately improving the lives of all citizens throughout the city.” “Data has the potential to massively improve efficiency and reduce our environmental impact around the globe,” said Starling Childs, CEO of Citiesense. “By incorporating the LPWAN standard, we’re ensuring that data is transmitted both reliably and efficiently.” “LPWAN is the most energy efficient and reliable technology for wireless transmissions in smart cities,” said Xin Hu, CEO of MatchX. “This joint partnership will function as the model for future smart city integrations.” 2019 is expected to usher in a “new wave” in Blockchain technology, with a clear focus on integration and real-world implementation. With more international cities expected to roll out throughout 2019, MXC is focusing on giving Blockchain a true purpose within the IoT world. The MXC Foundation is a purpose-built non-profit with the mission to inspire fast, efficient, decentralized data exchanges using LPWAN and Blockchain technology. The MXC team believes that MXC paired with LPWAN is the next step in the fourth industrial revolution, creating a Smart City Standard for the Future of IoT. Contact Details MXC Foundation Website Jeffrey Stahlnecker Email Office: +49 (0)3040364399 EXT 165 Mobile: +49 15678 562108 Citiesense Starling W. Childs Email (860) 733-2695 MatchX Prajay Raghu Business Development Email Office: +49 (0)3054908830 EXT 17 Mobile: +49 17674112278 The post NYC adopts Smart City Tech with MXProtocol IoT Standard appeared first on AMBCrypto.

2 months ago

The NYC Smart City Blockchain Pilot Confirmed to Start in 2019

TL;DR According to the new announcement by Berlin-based MXC, a new project that potentially can have a significant impact on the smart-cities industry is about to start soon. The project revolves around collecting data regarding different processes in New York City, for the purpose of achieving more precision in performing them, and cutting down the costs of doing so. By obtaining, processing, and using the data, the MXC hopes to set up a model for creating Smart Cities, with the NYC being the first one. On Wednesday, December 19, 2018, a blockchain-based non-profit company MXC, headquartered in Berlin, Germany, announced a project that will have a massive impact on the future of blockchain, IoT, and even the way of life in New York City. The project, called the 2019 NYC Smart City Program, will be done in cooperation with two other entities — Citiesense, and MatchX GmbH. In addition, MXC has announced the launch of their own “Smart City IoT Standard”, the MXProtocol, which will be crucial for the project’s success. Apart from the MXProtocol, the project will depend on hundreds of LPWAN Gateways and Smart Sensors which will be deployed in NYC’s business districts. Obtaining the data as a way to bring change The goal of placing so many sensors is to collect data regarding things such as asset management, waste management, and alike. The data will be processed and used for employing new solutions, which will decrease the operational cost, reduce traffic congestion, and result in adding more quality to NYC citizens’ way of life. Aaron Wagener, the MXC co-founder, has commented on the project, stating that it will have a big impact on the future of IoT, but also on New Yorkers themselves. Through MXProtocol and insights provided by Citiesense, the data reach and efficiency of necessary processes will be significantly increased. By adding more precision to these processes, the lives of NYC citizens in the entire city will be changed. Citiesense’s CEO, Starling Childs, also commented on the move, stating that collecting data is the key for massively improving efficiency, but also for decreasing the negative impact on the environment. The incorporation of modern solutions, such as the LPWAN standard — data will be transmitted more efficiently and reliably. LPWAN itself is a type of technology that is very energy-efficient and reliable, especially in terms of wireless transmissions. According to MatchX’s CEO, Xin Hu, such technology is very useful in smart cities. Furthermore, the new partnership between these entities will serve as a model for smart city integrations in the future. Blockchain: The tech that will change the world As 2018 comes to an end, many are having high expectations of 2019, expecting big changes thanks to the new blockchain technology. A lot of developers, blockchain enthusiasts, as well as analysts believe that the blockchain technology is ready for worldwide integration. If true, then 2019 might be the year when it will officially start. Apart from being practical and more efficient, this technology was discovered to have a near-unlimited potential in regards to real-world implementation. As the awareness of it grows, cities around the globe are getting more interested in it. Because of that, MXC is trying to go one step further, and provide an idea of combined blockchain and IoT. As mentioned, the MXC Foundation is a non-profit, but also purpose-built organization. Its goal is to inspire and enable efficiency, great speeds, and decentralization when it comes to data exchanging. It is attempting to achieve this through the blockchain technology in combination with LPWAN. According to the MXC team, MXC in combination with LPWAN may be the next step in technological advancement, and it may even be the step that will bring forth the next big industrial revolution. At this point, the greatest product of the fourth industrial revolution is believed to be a Smart City Standard, which will also be the future of IoT, and one of the biggest applications of blockchain technology. The post The NYC Smart City Blockchain Pilot Confirmed to Start in 2019 appeared first on CryptoPotato.

2 months ago

The NYC Smart City Program Confirmed to Start in 2019

TL;DR According to the new announcement by Berlin-based MXC, a new project that potentially can have a significant impact on the smart-cities industry is about to start soon. The project revolves around collecting data regarding different processes in New York City, for the purpose of achieving more precision in performing them, and cutting down the costs of doing so. By obtaining, processing, and using the data, the MXC hopes to set up a model for creating Smart Cities, with the NYC being the first one. On Wednesday, December 19, 2018, a blockchain-based non-profit company MXC, headquartered in Berlin, Germany, announced a project that will have a massive impact on the future of blockchain, IoT, and even the way of life in New York City. The project, called the 2019 NYC Smart City Program, will be done in cooperation with two other entities — Citiesense, and MatchX GmbH. In addition, MXC has announced the launch of their own “Smart City IoT Standard”, the MXProtocol, which will be crucial for the project’s success. Apart from the MXProtocol, the project will depend on hundreds of LPWAN Gateways and Smart Sensors which will be deployed in NYC’s business districts. Obtaining the data as a way to bring change The goal of placing so many sensors is to collect data regarding things such as asset management, waste management, and alike. The data will be processed and used for employing new solutions, which will decrease the operational cost, reduce traffic congestion, and result in adding more quality to NYC citizens’ way of life. Aaron Wagener, the MXC co-founder, has commented on the project, stating that it will have a big impact on the future of IoT, but also on New Yorkers themselves. Through MXProtocol and insights provided by Citiesense, the data reach and efficiency of necessary processes will be significantly increased. By adding more precision to these processes, the lives of NYC citizens in the entire city will be changed. Citiesense’s CEO, Starling Childs, also commented on the move, stating that collecting data is the key for massively improving efficiency, but also for decreasing the negative impact on the environment. The incorporation of modern solutions, such as the LPWAN standard — data will be transmitted more efficiently and reliably. LPWAN itself is a type of technology that is very energy-efficient and reliable, especially in terms of wireless transmissions. According to MatchX’s CEO, Xin Hu, such technology is very useful in smart cities. Furthermore, the new partnership between these entities will serve as a model for smart city integrations in the future. Blockchain: The tech that will change the world As 2018 comes to an end, many are having high expectations of 2019, expecting big changes thanks to the new blockchain technology. A lot of developers, blockchain enthusiasts, as well as analysts believe that the blockchain technology is ready for worldwide integration. If true, then 2019 might be the year when it will officially start. Apart from being practical and more efficient, this technology was discovered to have a near-unlimited potential in regards to real-world implementation. As the awareness of it grows, cities around the globe are getting more interested in it. Because of that, MXC is trying to go one step further, and provide an idea of combined blockchain and IoT. As mentioned, the MXC Foundation is a non-profit, but also purpose-built organization. Its goal is to inspire and enable efficiency, great speeds, and decentralization when it comes to data exchanging. It is attempting to achieve this through the blockchain technology in combination with LPWAN. According to the MXC team, MXC in combination with LPWAN may be the next step in technological advancement, and it may even be the step that will bring forth the next big industrial revolution. At this point, the greatest product of the fourth industrial revolution is believed to be a Smart City Standard, which will also be the future of IoT, and one of the biggest applications of blockchain technology. The post The NYC Smart City Program Confirmed to Start in 2019 appeared first on CryptoPotato.

2 months ago

Mixin @Mixin_Network has a Christmas puzzle game to kick off...

Mixin @Mixin_Network has a Christmas puzzle game to kick off the Christmas holidays. Part1 puzzle continues for 3 d… https://t.co/hWvMJuGzEz

2 months ago

Mixin @Mixin_Network Christmas crossword puzzle game starts ...

Mixin @Mixin_Network Christmas crossword puzzle game starts today. The part 1 puzzle continues 3 days (18-20), part… https://t.co/JBPVET9Ud2

2 months ago

No Correlations Between BTC Prices CNBC Crypto Trader Host Says

Ran NeuNer, the host of the popular CNBC Crypto Trader show, tweeted to his followers that he no longer sees a correlation between actual news about cryptocurrencies and their market prices. As NeuNer tries to make sense of why prices are sharply declining for no apparent reason, BTC miners are trying creative things to remain afloat as the bear rages. Creative Ways To React To BTC Markets, Interesting Positions Entered By Traders Some miners are actually shorting BTC to cope with the market. A trader named Jin Xin explained his trading strategy as follows: “If I mine 30 coins in the next month, while the price may continue to fall by another 10 percent according to the current trend, I shall place a short order on the exchange to sell them at the current price, but deliver one month later.” Meanwhile, BlockTower CIO, Ari Paul, had purchased a $1 million options call which had placed a bet that bitcoin price would hit $50,000 by end-of-year 2018 (or more precisely Dec 28th, 2018). LedgerX, the first US-based bitcoin options exchange, that issued the said contract to Paul stated that such a large options call had never before been entered on its trading platform. For Paul to actually profit from his position, BTC price would have to rally over 1400% from its current market price of below $3,500 (at press time). Because the likelihood of this outcome is probably impossible, it’s a sure bet that the hedge fund manager will suffer great losses. However, Paul wants you to believe that the call options he bought will not hurt his portfolio that much. That’s because he claims that at the time he had acquired the contract on LedgerX, he had simultaneously sold a portion of his BTC holdings. Whether or not this would have been enough to help hedge against the losses his fund is about to suffer, cannot actually be confirmed. Neither LedgerX nor Paul have disclosed more details about their trading activities. Lawsuit Against Bitmain, Bitcoin.com, Kraken In other news, crypto hardware mining giant Bitmain, Bitcoin.com, BCH advocate Roger Ver, Kraken exchange and “other individuals” have all been sued by UnitedCorp, a US-based IT management services firm. The lawsuit has alleged that the defendants intentionally added “hashing power” at the time of the November 15th BCH hard fork - in order to take control and make the Bitcoin ABC chain (which they backed) the dominant chain. Moreover, the suit has demanded fair compensation be paid for these manipulative actions - as this is clearly against “the principles of blockchain” which has been outlined in Satoshi Nakamoto’s Bitcoin whitepaper, UnitedCorp’s press release noted. The post No Correlations Between BTC Prices CNBC Crypto Trader Host Says appeared first on Crypto Core Media.

2 months ago

@sarmadk06 Thanks for using our Mixin Messenger, UUU is ERC-...

@sarmadk06 Thanks for using our Mixin Messenger, UUU is ERC-20 token, for withdrawal this kind of tokens, the gas f… https://t.co/81YJaNgwKF

2 months ago

Mixin Messenger has been updated to 0.9.1: 1. New wallet int...

Mixin Messenger has been updated to 0.9.1: 1. New wallet interface 2. Backup feature For Android version, backup… https://t.co/ervDKCPX10

2 months ago

$UUU by @UNetworkHQ has been added to Mixin Messenger Powere...

$UUU by @UNetworkHQ has been added to Mixin Messenger Powered by @Mixin_Network #Mixin_Network #MixinMessenger… https://t.co/iZcvrnNfCv

3 months ago

Chinese Crypto Firm Bottos Seeks to Break the Monopoly of Tech Giants

Chinese crypto firm Bottos is seeking to end the monopoly that big-name firms such as Facebook, Amazon, and Google have with regards to consumer data. Bottos is planning to launch a platform that is based on AI and blockchain technology. The platform will help in creating data marketplaces and models for developing programs. It will also be used in connecting users and for the storage of users' data and computational power. Tech giants have primary sources of high-quality information which has inhibited competitors to join the space. Xin Song, Bottos Founder, believes their platform will be addressing this problem because it will ensure the transparency and traceability of data. (KE)

3 months ago

Blockchain-based Platform Aims to Democratize Data Management with AI and Crypto Incentives

A Chinese-based blockchain-based platform is hoping that its business model will end the control that major companies have over data management. In our age of digital evolution, data has become a precious commodity. However, it appears that major companies like Facebook have unprecedented access to it. CNBC reports that a platform based in China wants to change this and drastically loosen the iron grip that these corporations have on data. Leveling the Data Management Playing Field While China’s relationship with the crypto industry can be described as tenuous at best, it hasn’t stopped innovators in from embracing disruptive technology. One such person is Xin Song, the CEO of Bottos. The blockchain-based platform is using AI technology to allow it to create a digital marketplace for data trading. People or entities sharing their data will be rewarded in cryptocurrency. Xin states that Bottos is “... trying to break the data monopoly situation currently”. He explained: Currently, almost all the big data are controlled by the industry giants, and for the small-to-medium companies it’s very difficult for them to get the data. However, Xin believes that by incentivizing people to share their data in a transparent and secure way, it could open the door for these smaller businesses. He added: But with blockchain technology... people can provide those data, and with the traceability and the transparency of the data usage in the future, people in the world and people in the blockchain community (will be) willing to contribute their individual data. Freedom to Choose While many people are concerned over Bitcoin’s drastic price drop, Xin believes that cryptocurrency adoption is still on the cards: I think with more and more people adopting bitcoin and other crypto tokens, then more and more [its] usage will be adopted by people. It does appear as if Bitcoin’s downward trajectory hasn’t deterred companies and businesses from accepting it and other virtual currencies as payment methods. From jewelry stores to car dealerships, it seems to be gaining traction. Some universities are even allowing their students to pay tuition in digital currencies. This freedom of choice could extend to data management through Bottos’ business model. Xin concluded that he thinks that “more and more people would accept this way to be rewarded”. Blockchain-based data management appears to be quite popular. Live Bitcoin News has previously reported on how it is being used in the healthcare sector as well as in the beauty industry. Do you think that platforms like Bottos are what’s needed to democratize data management? Let us know in the comments below! Images courtesy of Pixabay The post Blockchain-based Platform Aims to Democratize Data Management with AI and Crypto Incentives appeared first on Live Bitcoin News.

3 months ago

$OCT by @Oracle_Chain has been added to Mixin Messenger Powe...

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3 months ago

$MEETONE by @MeetDotOne has been added to Mixin Messenger Po...

$MEETONE by @MeetDotOne has been added to Mixin Messenger Powered by @Mixin_Network #Mixin_Network #MixinMessenger… https://t.co/UhvQERaavN

3 months ago

$DATP by @DATP_OFFICIAL has been added to Mixin Messenger Po...

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3 months ago

$BLACK by @EOSBLACK_IO has been added to Mixin Messenger Pow...

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3 months ago

$KARMA by @karmaapp_io has been added to Mixin Messenger Pow...

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3 months ago

The first version of Mixin Messenger (first Dapp based on @M...

The first version of Mixin Messenger (first Dapp based on @Mixin_Network ) help center (https://t.co/TjlczrsExv)is… https://t.co/B4qrWVjMsQ

3 months ago

All rewords were sending through Mixin Messenger, instantly ...

All rewords were sending through Mixin Messenger, instantly and freely. https://t.co/Vqs3T83EBb

3 months ago

Mixin Network launches blockchain developer competition with $150,000 in rewards

CryptoNinjas Mixin Network, a peer-to-peer transactional network for cryptocurrencies and blockchain assets has announced its first global developer competition for all developers to show their talent. 1,000 XIN, which equals to $150,000 according to current market... Mixin Network launches blockchain developer competition with $150,000 in rewards

3 months ago

Mixin Messenger version 0.8.0. is released. New feature voic...

Mixin Messenger version 0.8.0. is released. New feature voice call is added! And yes, the voice call is encrypted t… https://t.co/bIjKuS5wi1

3 months ago

Open-Source Crypto Wallet Mixin Messenger Adds Support for Pundi X (NPXS)

Mixin Messenger, which is the first decentralized app on the Mixin Network, has added support for Pundi X (NPXS). Mixin Messenger is an open-source cryptocurrency wallet that supports most popular coins. Last month, Mixin Messenger added Horizen (ZEN), which is the No. 82 cryptocurrency based on market cap. Mixin Messenger also recently added a “pending” feature that lets users check on the status of a transaction when making a deposit. (GT)

3 months ago

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

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

4 months ago

Weiss Cryptocurrencies Ratings Says Do Not Invest in these 4 Cryptos

“Here’s why you shouldn’t touch ’em with a ten-foot pole,” writes Juan M. Villaverde of Weiss Ratings while talking about the four cryptocurrencies that better not be invested into. 4 Cryptocurrencies you better stay away from Cryptocurrency technology is advancing at a fast pace, no doubt. Greater speed, better governance, and smart contracts among much more innovations are part of this growing space. But with thousands of cryptocurrencies available in the market, as put by Villaverde, “a slew of supposedly “new and innovative” cryptocurrencies that are little more than copycat regurgitations of prior projects,” enters the market. Weiss Crypto Ratings recently began rating these four cryptos and have given them a grade of “D” (weak) or lower. Aurora Chain (AOA): D- Attributing this cryptocurrency to more misinformation and hype than any “real substance,” Villaverde points out a series of red flags. He states the consensus algorithm Aurora “trumpets” about is not a unique combination and that its smart contracts in its white paper seem to have been “lifted straight away from Wikipedia.” It further adds that there no programmers and developers identified by name, rather the website has only a list of “community managers on social media.” Moreover, no codes are available and the adoption metrics live on Ethereum network has no functionality. Not to forget the fact that it is listed on only one exchange. Bitcoin diamond (BCD): D Hyping the coin as “the next big thing” in crypto and “enticing investors to jump in,” BCD just increased its maximum supply and “came up with an algorithm that supposedly prevents big mining companies from developing specialized mining hardware that drives small-time miners out of business.” Meanwhile, it inherits all the technological weakness of the Bitcoin. With a tiny community of users, few transactions on the network and developer support being virtually non-existent, Weiss Ratings give it a weak grade. Credits (CS): D The team has used the MD5 hashing algorithm in their platform design which is “famously vulnerable to security breaches,” even America’s Department of Homeland Security warned of this algorithm. By pointing out its false claims of “groundbreaking new consensus algorithm” and being hyped, Weiss Ratings says, “This is shady at best.” Mixin (XIN): E- Suspicion of developers’ LinkedIn profiles being “faked”, about barely a dozen subscribers on Reddit, dApp that’s supposed to connect with the Mixin network doesn’t work, no technical details on how it will be built, and GitHub containaining no reference “we know of to any of the code that the Mixin whitepaper describes,” are the points against this cryptocurrency. The post Weiss Cryptocurrencies Ratings Says Do Not Invest in these 4 Cryptos appeared first on Coingape.

4 months ago

Independent Rating Agency Weiss Ratings Points Out 4 Coins Not to Buy

Weiss Ratings has once again released their evaluation of cryptocurrencies for investors. This time, the American Agency has named four coins they believe investors should not buy. In the new publication, the agency warns investors against buying Bitcoin Diamond (BCD), Aurora Chain (AOA), Mixin (XIN) and Credits (CS), naming the coins as low-grade cryptocurrencies. As per Weiss Ratings, the mentioned coins have a rating below D+. (VK)

4 months ago

Upcoming Monero (XMR) Hard Fork Aims for Faster, Cheaper, and More Private Transactions

"Approximately" scheduled for October 18th, Monero's (XMR) upcoming hard fork aims to "tweak" its current proof-of-work (PoW) protocol. This will be done to "further preserve ASIC resistance." The hard fork will also increase ring signature size to 11 (mixin 10) to make transactions more private and BulletProofs, instead of Borromean range proofs, will be used - which will reduce transaction......

4 months ago

Chinese Man Faces Prison For Stealing Railway Electricity to Mine Bitcoin

A Chinese resident from Shanxi province named Xin Xinghua has been sentenced to 3.5 years in prison for stealing electricity from a train station to mine Bitcoins. Additionally, he has also been fined a sum of 100,000 Yuan (approx. $14,500) for his crimes. His crime was discovered in November 2017, when Xin stole electricity to power 50 Bitcoin miners and 3 fans from one of the factories at Kouquan Railway Station. He was only able to mine 3.2 BTC, and the Chinese authorities have seized the mining equipment. (VS)

4 months ago

Preliminary information thread regarding the scheduled protocol upgrade of October 18

Note that this is a preliminary thread to inform community members about the upcoming scheduled protocol upgrade. This thread will be replaced once the binaries are released. **First and foremost, you should upgrade to v0.13.0.0 once the binaries are released or the tag has been created** The binaries, once they are released, can be found here: https://getmonero.org/downloads/ // Forthcoming Alternatively, you can use the Github link: **CLI:** https://github.com/monero-project/monero/releases/tag/v0.13.0.0 // Forthcoming **GUI:** https://github.com/monero-project/monero-gui/releases/tag/v0.13.0.0 // Forthcoming -------------- **Note that this is a scheduled and consensual network upgrade. Thus, unlike the BCH / BTC split, a new coin *won't* be created.** ------------- # General information about the scheduled network upgrade Approximately the 18th of October there will be a scheduled network upgrade on the Monero network. To be sufficiently prepared, a user, service, merchant, pool operator, or exchange should run CLI v0.13.0.0 or GUI v0.13.0.0. The scheduled network upgrade introduces four major changes. First and foremost, a new form of range proofs called Bulletproofs, which will replace the old Borromean range proofs and thereby significantly (i.e. by approximately 80%) reduce the transaction size (and thus fees). Second, a PoW tweak to curb any potential threat of ASICs and further preserve ASIC resistance. As a result, miners will have to update their miners (i.e. mining software) as well. Third, the minimum ring size is bumped to 11 (mixin 10) *and* will be static / fixed. Therefore, pool operators need to ensure that payouts use a ring size of 11 (mixin 10), otherwise they will get rejected by the network. A blog about Monero compatible Bulletproofs can be found here: https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html More information about the second PoW tweak can be found here: https://github.com/monero-project/monero/pull/4218 The blog that set out a formal stance on ASIC resistance and the intention to maintain ASIC resistance can be found here: https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html In addition, more information about the ring size bump and the decision to make it a static parameter can be found [here](https://github.com/monero-project/monero/issues/4229). Lastly, all changes have been discussed extensively in the last few dev meetings, which can be read here: https://monerobase.com/wiki/Category:DevMeeting Due to variance the scheduled network upgrade will take place on or around the 18th of October. There is, however, no specific date as the hard fork will be triggered by a specific blockheight. The specific blockheight for the hard fork can be found [here](https://github.com/monero-project/monero/blob/master/src/cryptonote_core/blockchain.cpp#L113-L114). That is: > // version 8 starts from block 1685555, which is on or around the 18th of October, 2018. Fork time finalised on 2018-09-02. Note that there technically will be two hard forks (i.e. one on approximately the 18th of October and one on the approximately the 19th of October). This provides a grace period on the network where transactions in the transaction pool that still use the old Borromean range proof are allowed to be included in a block by miners. Fortunately, running v0.13.0.0 ensures that one is sufficiently prepared for both hard forks. # How do I upgrade? First and foremost, we encourage users to check the integrity of the binaries and verify that they were signed by Fluffypony's GPG key. A guide that walks you through this process can be found [here](https://github.com/qubenix/monero-site/blob/7edf03f77d4c4e9fcd11bfd3de68440e5322279b/_i18n/en/resources/user-guides/verification-windows-beginner.md) for Windows and [here](https://github.com/qubenix/monero-documentation/blob/qubenix-verify/binary-verification.md) for Linux and Mac OS X. **CLI:** // Forthcoming If you are using the CLI you ought to perform the following steps: 1. Download the new binaries (the `.zip` file (Windows) or the `tar.bz2` file (Mac OS X and Linux)) from [the official website](https://getmonero.org/downloads/) or [Github](https://github.com/monero-project/monero/releases/tag/v0.13.0.0). 2. Extract the new binaries to a new directory of your liking. 3. Copy over the wallet files from the old directory (the one that contains the v0.12.0.0, v0.12.1.0, v0.12.2.0, or v0.12.3.0 binaries). Note that a blockchain resync is **not** needed. Thus, if you open `monerod-v.0.13.0.0`, it will simply pick up where it left off. Note, however, that the daemon (monerod) will have to upgrade the database version to accommodate the changes required for the initial pruning implementation. **GUI:** // Forthcoming If you are using the GUI you ought to perform the following steps: 1. Download the new binaries (the `.zip` file (Windows) or the `tar.bz2...

5 months ago

Xin Chào! Catch our aelf team in Action. Team aelf is in Han...

Xin Chào! Catch our aelf team in Action. Team aelf is in Hanoi hosting the first ever meetup in Vietnam. Overwhelmi... https://t.co/fsHN5psCNJ...

5 months ago

Blockchain Life 2018: Major Asian Crypto Funds, Kraken, Okex and Huobi in Attendance

Blockchain life 2018 is set to happen in St Petersburg, Russia on November 7th-8th. The event will see Kraken, Okex, Huobi and Asian crypto funds attend. Several speakers will be in attendance including; Wu Xing (Huobi Exchange), Maximilian Marenbach (Kraken Exchange), Aldrich Victorino (Okex Exchange), and Jason Hu (World Blockchain Organization). Participants will learn firsthand on blockchain tech and crypto trends while the Eastern European ICO projects will be pitched to attract funding in the pitch session, this will save them expensive shows. The international blockchain Life Award applications were opened on 1st Sep to determine the best companies in blockchain and crypto industry. (KE)

6 months ago

Infrastructure Finance Company XinFin (XDCE) Holds Meetup in Zimbabwe

XinFin, a hybrid blockchain company, is holding its meetup in Zimbabwe’s capital Harare. The company seeks to promote the adoption of its XinFin (XDCE) token. The firm has already conducted similar meetups in Europe, the US, and Asia. The company’s TradeFinex platform allows for peer-to-peer funding for infrastructure investments. The company believes the African continent has a huge potential to grow in terms of infrastructure development. At the moment, the sector is valued at over $24 trillion. The TradeFinex platform will allow countries to borrow from each other more easily. (VK)

6 months ago

Blockchain-Based Ride-Hailing App Launched

The founder of Kuaidi Dache, Andy Chen Weixing, has announced the creation of a ride-hailing app. VV Go, a blockchain-based app aims at improving passenger safety in addition to increasing the drivers’ earnings. The ride-hailing company was pushed out of the market in 2015 following negative publicity after two passengers were killed in separate incidents. The firm then merged with its competitor Didi Chuxing. The new app will allow drivers and riders to share information within the network. The blockchain app also allows users to make distress calls. (SK)

6 months ago

Daily Berminal Brief (8/31/18): Bitcoin and Other Cryptocurrencies on the Edge as CBOE Bitcoin Futures Expire Today at 11am EST

1) Yahoo Finance, yesterday, reported its partnership with Tradelt to add a new feature on its platform that allows cryptocurrency trading. The feature added on its iOS mobile app is said to support four assets in its in-app trading. The assets supported were Bitcoin, Ethereum, litecoin, and Dogecoin. This service would also be available on Yahoo Finance desktop version. Additionally, Yahoo finance announced it would soon take the services to be functional in desktop, Android, and mobile web though it has not mentioned the platform where the iOS app will conduct the crypto trading. (Read More.) 2) Vitalik Buterin, the creator of Ethereum showed up at a closed-door Bitcoin Cash meeting in Bangkok and was denied entry. It is not clear why Vitalik tried going to the meeting. According to Jihan Wu, the CEO of Bitmain, he was invited to come and have a brief chat. In that case, it is not clear why he was denied entry. Vitalik is yet to tweet on this incident. Craig Wright, whom both Vitalik and Jihan has spoken again in past, was also present at the meeting. (Read More.) 3) As Bitmain is planning its massive $15 Billion IPO in the Hong Kong Stock Exchange, key engineer Yang Zuo Xing is leaving the company. Yang was instrumental in the development of popular ASIC miners, S7 and S9. At least three Bitmain teams have left the company in recent weeks, and one of them is in the market, seeking investment to rival Bitmain. Yang is now the Chairman of Shenzhen Bit Microelectronics Technology, which is currently developing WhatsMiner M10V1 with a whopping hashrate of 33 TH/s. (Read More.)

6 months ago

Key Bitmain Engineer Leaves Before IPO

As Bitmain is planning its massive $15 Billion IPO in the Hong Kong Stock Exchange, key engineer Yang Zuo Xing is leaving the company. Yang was instrumental in the development of popular ASIC miners, S7 and S9. At least three Bitmain teams have left the company in recent weeks, and one of them is in the market, seeking investment to rival Bitmain. Yang is now the Chairman of Shenzhen Bit Microelectronics Technology, which is currently developing WhatsMiner M10V1 with a whopping hashrate of 33 TH/s. (VS)

6 months ago

IOST Co-Founder and CEO Jimmy Zhong: Decentralization Only Works for Goods/Services That are as Standard as Possible.

Jimmy Zhong, CEO and Co-Founder of IOST took to Twitter on Aug. 26, commenting on a Bloomberg report about DiDi Chu Xing's Hitch service, where a second girl has been killed recently and caused a serial removal of high executives in the company. Jimmy believed that "Offline/non-standardized services are likely to be centralized (or P2P with censorship like Uber/Airbnb) because that’s the way to provide better experiences. Decentralization only works for goods/services that are as standard as possible." As of this writing, IOST is trading at $0.015, up 0.88% in the last 24 hours. (RL)

6 months ago

Ziliqa CEO on Bitcoin and Scalability

In an interview with CCN, Ziliqa CEO said that the meteoric rise of the ZIL coin occurred when BTC was in the $8,000 range. The CEO, Mr. Xinshu Dong, said that the coin has been performing well, especially in the bear market. He said that Ziliqa provides scalability that Bitcoin does not have while keeping the fees low. At 0020 hrs UTC, Ziliqa was trading at $0.040307, a rise of $4.46% in the past 24 hours. (KE)

6 months ago

Bitcoin Core V0.17.0 Release Candidates to be Released Soon

On August 21st, Bitcoin Optech in an official blog post announced the release of Bitcoin Core 0.17 that the developers at Bitcoin are working on it. Bitcoin developers are asking individuals to help in testing Release candidates using Bitcoin Core 0.17 to test for bugs which need fixing. The Release candidates are expected to be released soon. (KE)

6 months ago

Chinese Government May Carry Out a Blanket Crack Down on Crypto Public Accounts

Multiple Chinese well-known crypto public accounts were blocked by China's social media giant WeChat last night, on the premise of violation of the service's "Interim Provisions on the Development of Public Information Services for Instant Messaging Tools" terms, including notable Deepchain, Huobi News, Node Capital-backed Jinse, and CoinDaily. According to Caixin, the Chinese government may step up more efforts to regulate these public accounts. And it is reported that these public accounts will be permanently blocked. Those who open other accounts to continue their promotion will be under high scrutiny. (RL)

6 months ago

Blockchain Life 2018 to be Hosted in St. Petersburg on Nov. 7-8

Blockchain Life 2018 will be hosted in St. Petersburg on November 7th and 8th. The international forum which will be held for the second time and will see over 5000 participants coming together from over 70 countries. Eighty speakers have been scheduled to talk about blockchain, mining, and cryptocurrency. The lead speakers will be among others Huobi's Wu Xing, Phillip Nun, and Stefano Virgilli. (VK)

6 months ago

Crypto Market Update: The Most Recent Developments in BTC, XRP, NEO, ETH, TRX, and ICON

Cointree and Gobbill partnership will allow Australians to pay bills using Ethereum, Bitcoin and a variety of cryptocurrencies. After Quihoo discovering a bug in NEP's system, the development team of NEO took 56 mins in fixing the bug. Tian Han, the head of engineering of Tron, compared TRX's new blockchain platform to that of Ethereum and NEO, in an interview with CryptoBeadles. Further, ICON has been chosen to explore a voting and counting system based on the blockchain in South Korea. In their most recent report, The Ripple Drop, Cory Johnson talks about the new development of xRapid and RippleNet and its second-quarter report. (VK)

6 months ago

Swindlers in China Stole $87 Million Worth of Bitcoins and Altcoins, Criminals Identified

According to Xinhua, a Chinese news portal, three suspects were mentioned guilty following a hack that saw the culprits loose $87 million worth of Bitcoins and other altcoins. Zhang raised the alarm by reporting the case to the Xi'an police headquarters in March to report the hacking operation on his computer that saw him lose almost $14.5 million (Cryptocurrencies). After a probe that took a month, three suspects were arrested on August 15th in Beijing capital, Changchun province and Hunan. The investigation was undertaken by the police together with an anonymous website. A suspect who allegedly hacked Zhang's computer by the name of Zhou has since been identified together with his other two accomplices. The investigations are however underway. (VK)

6 months ago

Chinese Police Captures Suspects after $120m Digital Currency Theft

According to Chinese sate Media Xinhua News, three suspects claimed to have stolen resources worth 600 million yuan (S$120 million) through hacking have been captured by police. The suspects have stolen bitcoins as well as alternative cryptocurrencies, according to the state media. The exchange of the units gave police a virtual trail, driving them to a suspect named Zhou in the focal region of Hunan, and which further prompted more claimed assistants through Zhou's correspondences. The case is now still under scrutiny. (RL)

6 months ago


News courtesy of berminal.com
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