Metal MTL

Market Cap $ 13.348 MM (#196)
24h Volume $ 2.843 MM
Chg. 24h: 3.31%
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Metal News

Samba Bitcoin Will Feature Bitcoin at Rio de Janeiro Carnival

CoinSpeaker Samba Bitcoin Will Feature Bitcoin at Rio de Janeiro Carnival A renowned traditional samba school named Imperatriz Leopoldinense is going to perform during the 2019 ‘Carnaval do Rio de Janeiro’, where the school has chosen its theme on ‘Money.’ In the festival, which will begin from 2nd March to 9th March, the school will be featuring the story from the first metal coins and paper bills to modern day cryptocurrencies. The theme is named ‘Give Me Some Money.’ The intention behind choosing such a theme for the performance is to explain the bonding between human and money. The site of the samba school already shows some glimpses of the parade performance of the immense carnival. The school was established in 1956 and has been a famous winner in the competition of such performances during the carnival. However, since 2001 the school could not get the winning title. This time, having such an influential theme of money, including Bitcoin, the school strongly hopes to win. The samba school gave details about their performance, saying: “Our story is about money and its relationship with humans from their invention to the present time. It is, without a doubt, one of the most important instruments in the economic life of nations and people. Imagine what life would be without money. How could we buy and sell, receive and pay, stock up and save for the future, if it did not exist?” From Ancient Coins To Digital Currency The performance school will look at how money minting came to be during ancient times, also looking at the issuance of paper money in the 10th century in China. From here, it goes on to portray the early day exchange relations that mainly involved the Indians. Another aspect that will be covered by the performance will be on the coins minted in Brazil during the early slave days. The choreographers will draw attention to the saving and investing of money through bank deposits, financial instruments and other means. They will also highlight with humorous critique many of the socio-economic challenges of societies such as social divisions and income inequality that countries such as Brazil continue to face. Imperatriz’s dancers will conclude their performance at the Rio Carnival with the topic of Bitcoin. “We’ll end the parade talking about a future already present through cryptocurrencies - a digital resource system designed to function as a medium of exchange,” the samba school says in the announcement, noting that a growing number of companies on a global scale have begun to use Bitcoin in the years since the creation of the cryptocurrency. Brazil in the Money While some people have pointed out the irony in Imperatriz Leopoldinense’s choice of theme given the seemingly financial difficulties that the carnival was experiencing, it does not hide the fact that Brazil, in general, has been rising to the world of digital currencies as of late. Its supreme court recently ruled giant bank Banco Santander from freezing out Bitcoin Max exchange account last year. And since then, more than 30 percent of Brazilians have shown interest in Bitcoin according to a study. Samba Bitcoin Will Feature Bitcoin at Rio de Janeiro Carnival

3 days ago

Over 40,000 people have signed up for Metal Pay since we lau...

Over 40,000 people have signed up for Metal Pay since we launched on the @AppStore last September! 🤘 More Metal Pay…

3 days ago

Apple aims to adopt some basic blockchain tech

An SEC filing points to some tantalizing, if limited, news of Apple’s interest in blockchain. The filing, available here, describes Apple’s commitment to avoiding “conflict minerals” and outlines its goal of responsible sourcing. After a few paragraphs preamble, the document points to the blockchain guidelines at the Responsible Minerals Initiative at the Responsible Business Alliance Foundation. The organization, which is partially sponsored by Wal-Mart, has created a blockchain that can be used to track resources. They write: “The RMI Blockchain Guidelines seek to reduce the fragmentation of blockchain projects by recommending a set of fundamental attributes for projects to include at each stage of mineral supply chains. The Guidelines are inspired by the success of the RMI’s Conflict Minerals Reporting Template (CMRT) and its underlying data exchange standard. They are agnostic to the type of operations for mineral production, trade and processing as well as the mineral or metal itself.” In other words, they’ve released a basic JSON-style categorization system for projects and the associated mineral supply chains. Does this mean your iPhone will get a Monero miner built in any time soon? Absolutely not, but it does point to some interesting blockchain stirrings deep within the Cupertino behemoth. “The RMI Blockchain Guidelines are a helpful first step to promote interoperability of blockchain projects in mineral supply chains and to help us understand the impacts of this technology on supply chains and communities,” said Michèle Brülhart, Director of Innovations at RBA. “The Guidelines are a living document and we look forward to further developing it with our members and partners.” The post Apple aims to adopt some basic blockchain tech appeared first on The Block.

3 days ago

Wirex vs - Which One Is Better

The Wirex company offers cryptocurrency wallets linked to debit cards, digital currency, and fiat currency. The firm provides a Wirex visa card that allows you to load it with cryptocurrencies and use for payment services and withdrawals just like a regular card. It is important to note that the funds are deducted from cryptocurrency balance rather than fiat currency. Getting started with Wirex is free, but a specific fee is charged when you order a debit card. Wirex services can be accessed through the internet and mobile applications. The service supports the British Pound, the Euro, and the US Dollar. Under cryptocurrencies, the Wirex supports Bitcoin, Litecoin, Ethereum, WAVES, and XRP. On the other, platform is on a mission to accelerate the world’s transition to cryptocurrency through various products and services. Under umbrella, it offers the MCO token, the Wallet & Card App, Crypto Invest service, and the MCO Visa Card. MCO card project deploys Mastercard and Visa backed payment processor set up on Ethereum. customers have access to four types of cards that vary regarding features, rewards, and fees. The cards are Midnight Blue, Ruby Steel, Precious Metal and Obsidian Black. Both firms are building on their card services to penetrate the crypto payment services. The Wirex and cards are competing to be the cryptocurrency top payment option in the ever-expanding market. Here is how the Wirex Visa Card fairs against the MCO Visa card. Card Fees and Limits Most of the Wirex Visa card services are free. Holders of the card are required to pay a monthly management fee depending on the type of currency. We have £1.00, €1.20 and $1.50 that is deducted from the card on a monthly basis depending on the currency type. If your card has no funds, the charges go into negative figures. If no money is added to the account after two months, the card faces deactivation. For Wirex ATM transaction charges vary depending on the jurisdiction In Europe, ATM charges stand at £1.75, €2.25, and $2.50 while other regions outside of Europe are charged at £2.25, €2.75, and $3.50. The Wirex card has maximum balance depending on the currency. Users are only required to only have $10,000, £7,500, €8,000 on the card at any one time. The fees for MCO Visa card vary based on the type of card. Unlike Wirex, all cards have no monthly maintenance fees. Each card has a 2% ATM fee after going over the monthly limit which ranges from $200 for the Midnight Blue to $1,000 for the Obsidian Black. For every cryptocurrency purchase, charges a 1% fee. Rewards Wirex offers the crypto cash back reward that pays in Bitcoin. Holders of the Wirex Visa card earn 0.5% back in Bitcoins for all store purchases. Furthermore, the platform has unique bonuses for referring friends to the service. You get rewards in Bitcoin when your friend orders a Wirex Visa card and makes their first in-store purchase. For MCO, rewards depend on the type of card you hold. The Midnight Blue has no rewards while the Ruby Steel and Precious Metal cards have 1% and 1.5% cashback incentives. On the other hand, the Obsidian Black has 2% cashback. The rewards on this platform are in MCO tokens. Furthermore, the Precious Metal and Obsidian Black cards come with LoungeKey Airport Lounge Access. Availability Wirex card is available in some countries. Before the card is rolled out in different jurisdictions, it has to meet some regulations by the specific country. However, the card is not available in major countries like China and Peru. Plans are underway to roll out the services in the United States. Wirex plans to roll out its services in more countries after meeting compliance requirements. MCO Visa cards are not available in all regions. The initial plan by the team was to roll them out in Asia, Europe and then North America. At the moment, MCO Visa cards are available in Asia in countries like Singapore. Interested users can pre-order the cards. Security The Wirex Visa Card uses the 3-D Secure program to protect online transactions. The program is used to link the financial authentication process with a web-based verification. 3-D stands a three-domain model namely, Acquirer Domain, Issuer Domain, and the Interoperability Domain. 3-D Secure offers an additional security layer for online debit card transactions. It prohibits any illegal payment, even if a cardholder’s card number is lost. Wirex cardholders can block the card from the website and mobile application and can be reactivated if recovered. Furthermore, Wirex card information is anonymous, and no employee has access to it. The information is secured by card proxies stored in the Wirex bank. comes with some unique security features in web-based banking. In case a card has been stolen users can easily block in the mobile application. Additionally, users can switch on the contact-less payments and ATM use immediately. Users have to undergo t

4 days ago

Get paid you when you pay your friends, AND when your friend...

Get paid you when you pay your friends, AND when your friends pay you. Pop open your Metal Pay app and send some 💝…

4 days ago

Metal was created for sharing. Share your referral code and ...

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4 days ago

Digital Currency Group Chief Remains as Bullish as Ever on Bitcoin but Not Altcoins

Digital Currency Group CEO Barry Silbert is a Bitcoin bull through and through. He told CNBC he remains "as bullish as he has ever been" on the biggest cryptocurrency, saying that despite the “really ugly technical chart,” institutional investors are expressing curiosity. Meanwhile, Silbert has a less rosy outlook for altcoins, suggesting that many of them will not make it through the bear market: “I’m not a believer in the vast majority of digital tokens and believe most will go to zero.” He believes in Bitcoin as a store of value and as a replacement for precious metal gold. (GT)

5 days ago

We interrupt your hump day for this important announcement. ...

We interrupt your hump day for this important announcement. 40,000 Metal Pay users! ...we're going to have to s…

5 days ago

Metal community, Thank you for your efforts to share Metal...

Metal community, Thank you for your efforts to share Metal Pay far and wide! We recently hit 30,000 users! As th…

9 days ago

Digital Gold Thesis Shows Bitcoin (BTC) Is Undervalued, Should Be At $10,000

Bitcoin Likely “Massively Undervalued,” Claims Analyst PlanB, a leading cryptocurrency-friendly researcher on Twitter that has the handle “100trillionUSD” a (likely reference to his/her long-term prediction for the market capitalization of Bitcoin), recently took to his feed to claim that at the moment, BTC could be “MASSIVELY undervalued.” Citing a comment regarding Bitcoin’s underlying status/value proposition from Satoshi Nakamoto, the crypto godfather, himself, PlanB noted that BTC is similar to a metal “as scarce as gold,” yet unlike physical precious metals, it can be transferred/transported over a digital communications channel in a secure, decentralized, immutable, censorship-resistant, and efficient manner. #bitcoin could be MASSIVELY undervalued Satoshi: BTC is like a "metal as scarce as gold + can be transported over a communications channel" Scarce metals (gold, silver, palladium, platinum) can be valued on stock-to-flow ratio. BTC: now 3X undervalued, after 2020halving 10-100X — planɃ (@100trillionUSD) February 3, 2019 Considering traditional valuation models of scarce metals (gold, silver, palladium, platinum), like stock-to-flow ratios, PlanB noted that BTC is currently valued at one-third of its fair value, meaning that it should currently be priced at around $10,400 apiece. And, after the 2020 halving, an overtly auspicious event in the eyes of most crypto traders, BTC will be undervalued by ten to one hundred times. Backing his prediction, the researcher went on to outline stock-to-flow ratios for those who aren’t in the know, explaining that stock is above ground reserves, while flow is the yearly production of the commodity in question. As it stands, gold, which Bitcoin is most aptly compared to out of the four aforementioned metals, has a stock flow of 57, meaning that it would take 57 years for producers at current rates to replicate the current supply of all gold above ground. As BTC’s stock-to-flow ratio is slated to swell from 25 to approximately 55 (double of 25 plus ever-increasing supply) after the next halving, PlanB seemed adamant that if traditional metrics hold true to this paradigm-shifting asset, the cryptocurrency would be dramatically undervalued at its current valuation of $3,400. In fact, the researcher remarked that if Bitcoin was fairly valued following its halving, it would be valued somewhere between $34,000 and $340,000. The $333,000 BTC Price Point Interestingly, the upper-end of that prediction is a price point that a number of leading investors have mentioned previously. Per previous reports from Ethereum World News, Bobby Lee, the co-founder of BTCC and the brother of Charlie Lee, remarked on Twitter that if history repeats itself, BTC will bottom at $2,500, before entering a lull that will last until late-2020. By that time, mere months after the next Bitcoin block halving, Lee noted that the cryptocurrency market would begin its next rally. He elaborated: [The next rally] would peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023. Something like that? While Lee didn’t explicitly mention the halving in the aforementioned tweet, he has overtly lauded the event (and Bitcoin’s status as digital gold) previously. Filb Filb, another leading industry insider, echoed Lee’s analysis, noting that BTC could bottom between $2,500 and $3,100, then subsequently breaking out of its quintuple digit cell to eventually reach $333,000 apiece. In a tweet storm, Filb compiling the Internet’s historical growth cycles, Bitcoin’s adoption curve, among other factors, then outlined why this call makes sense from a fundamental point of view. Digital Gold Argument PlanB’s call relating BTC to precious metals comes as cryptocurrency enthusiasts en-masse have begun to realize Bitcoin’s potential as a digital store of value. Anti-establishment figures Max Keiser, for instance, recently stated that after a personal review of Bitcoin’s whitepaper and discussion with cypherpunks, he was sure that BTC is more “peer-to-peer gold” than digital cash. He added that the flagship cryptocurrency is inherently a decentralized store of value that doesn’t require third parties for transactions nor verification, even quipping that those who think otherwise should fight him. Title Image Courtesy of Sebastian Unrau on Unsplash The post Digital Gold Thesis Shows Bitcoin (BTC) Is Undervalued, Should Be At $10,000 appeared first on Ethereum World News.

15 days ago

Researcher: Bitcoin Will Easily Surpass Market Cap of Gold at $8 Trillion

Crypto’s most fervent crusaders have sought to keep their heads up in this drastic, bone-crushing bear market. While optimism has often taken the form of the “institutional herd is coming” narrative, a number of Bitcoin (BTC) natives have begun to revisit the asset’s underlying value proposition. And no, in their eyes, BTC isn’t digital cash. Instead, the flagship cryptocurrency has quickly taken up the mantle of being a digital form of gold, rather than digital cash through and through. Max Keiser, an anti-establishment figure and popular industry commentator, put it best when he claimed that Bitcoin is a “peer-to-peer electronic gold system.” In a later tweet, he lauded Bitcoin’s nature as “unparalleled digital gold,” calling it simply “world-changing.” Related Reading: No One Needs A Crypto ETF & Bakkt, BTC Already Is Money: Crypto Investor There’s Not Enough Bitcoin To Go Around Scarcity is one of Bitcoin’s mainstays. According to a Twitter thread from Dan Held, a former product manager at Blockchain, Satoshi Nakamoto himself mentioned his brainchild’s scarce nature in emails, BitcoinTalk threads, and through other mediums of digital communication. While the cryptocurrency godfather, to so speak, seemingly never mentioned the words “digital” and “gold” in a single sentence, Bitcoin has been extolled as a replacement (not alternative) for the precious metal. In a recent tweet, Willy Woo cemented this belief system. The Australian crypto researcher, known for his in-depth technical analysis of cryptocurrencies, explained why he expects for Bitcoin’s market capitalization to “easily exceed” surpass that of traditional gold. This is the reason why I think Bitcoin will easily exceed golds market cap. *Mathematical scarcity beats perceived scarcity* Perceived scarcity comes only from the technological limitations of today. — Willy Woo (@woonomic) February 1, 2019 Woo, citing a space-related article outlining the infantile off-Earth mining industry, noted that mathematical scarcity, which Bitcoin enlists, “beats perceived scarcity.” Referencing the article, which claimed that trillions, even quadrillions & quintillions of dollars worth of gold and other precious metals could exist in near-Earth asteroids, Woo noted that “perceived scarcity comes only from the technological limitations of today.” In other words, gold’s hegemony as the de-facto store of value may be usurped over time, especially as humanity’s relentless demand for gold continues and as on-Earth supplies wane, creating a gold rush in outer space. Misir Mahmudov, the supposed brother of short-term crypto bear Murad Mahmudov, echoed Woo’s pro-scarcity sentiment in a different context. Misir, a student of Austrian Economics, noted that even if every millionaire in the U.S. proper wanted to obtain one BTC, “they wouldn’t be able to.” The crypto enthusiast added that there will always be fewer BTC than millionaires in the world, accentuating Bitcoin’s hard cap of 21 million coins. If every millionaire in the US wanted to have just 1 bitcoin they wouldn't be able to. There will always be fewer bitcoins than there are millionaires in the US (let alone the whole world). Ignore this at your own risk. — Misir Mahmudov (@misir_mahmudov) January 31, 2019 Although Misir’s statement may seem flawed, especially considering that CNBC report claims 10.7 million Americans have seven-figure net worths, this crypto researcher is likely taking other factors into account. Per previous reports from NewsBTC, a research paper from Chainalysis, a New York-headquartered crypto analytics unit, revealed that up to 3,790,000 BTC could be lost to the ether. While this is already a jaw-dropping sum in and of itself, as that amount of cryptocurrency clocks in at a value of $13.25 billion, the figure is only excepted, nay slated to swell. Case in point, on Thursday, major Canadian crypto exchange QuadrigaCX divulged that it had purportedly lost access to its cold storage wallet, as the death of the upstart’s founder killed operations and logistics. Moreover, it is presumed that the Winklevoss Twins, Tim Draper, along with hundreds of other so-called “crypto OGs” have millions of BTC under lock and key, and have no intention to liquidate their holdings in the near future. Venture capital heavyweight Tim Draper alone, who paid $18 million for his first batch of Bitcoin, owns 29,656 coins at a bare minimum, while his entrepreneur son has likely matched his father’s holdings. Semantics and exact specifics aside, Misir’s point was there’s not enough Bitcoin to go around, and that if demand for the asset surges, supply won’t be able to keep up. This simple belief of rapidly waning supply and dramatic demand, which is only underscored by the backdrop of BTC evolving into a global reserve asset, could single-handedly propel the cryptocurrency past its previous highs and beyond. What Does This Mean For The BTC Price? But what would Bitcoin’s classification

17 days ago

Crypto Events Dominated by Men at 80%, with U.S Accounting for Half the Attendees

While decentralization champions equality, crypto events have been anything but. According to a new report released recently, male attendees have dominated the events at 79 percent. And it’s not just the attendees where the men dominate. The report also revealed that a majority of the speakers are men, sometimes at the ratio of 1 to 25. The study was carried out by Bizzabo, a New York-based software company with a focus on event management. Bizzabo studied more than 100 events across 15 countries to compose the report. While the percentage of women differed between different countries, it was still predominantly below 25 percent. On average, female attendants accounted for just 21 percent of the attendees. The disparity mirrors similar figures in the tech industry. This industry has come under scrutiny for its huge gender disparity and despite gender equality campaigns, not much has changed. According to Bizzabo co-founder Alon Alroy, in some conferences, the disparity is outright ludicrous. Like the tech industry, at large, there is a lack of gender diversity in the overall virtual currencies space. We’re seeing that reflected in the attendance for these events, as well as the speakers. One cryptocurrency conference recently featured 84 men onstage and three women. That has to change. The U.S also dominated the crypto conferences by a huge margin. The report revealed that attendants from the U.S accounted for 43 percent of the total attendees, almost double the U.K which came in at second with 28 percent. Belgium and Canada were third and fourth respectively at five and three percent respectively. Israel, Hong Kong, China and Australia accounted for one percent each. By industry, the finance sector led with 26 percent. Information technology, computer software, internet, banking and venture capital also contributed significant numbers to the conferences. Women In Crypto Granted, the number of women in the world of crypto has been small. However, those that have made it have had a big impact. One of these is Blyther Masters, the former J.P Morgan executive who headed the bank’s global commodities division. She stepped down from her post in the bank in 2015 and joined Digital Asset Holdings, a crypto startup that she steered for three years. She stepped down from her position with the startup in December last year but she continues to serve in the board. Masters is credited with giving cryptos a lot of credibility in Wall Street and helping forge relationships that have helped cryptos get to their current level. In October last year, Masters called out the financial services industry for its lack of gender diversity. During an annual dinner at the London Metal Exchange, Masters urged the men in the room to do better and create opportunities for their daughters. In the room, which had close to fifty members, there were only five women. She stated: I imagine that a number of you have growing daughters who are or who will be entering the workforce. I hope that you will embrace the importance of creating better opportunities for them. Speaking as a relatively rare senior woman, during the course of my career I can tell you that male allies in this cause are quite simply priceless. It’s not up to me to call it out. It’s up to you to believe that it’s worth fixing. Image(s): The post Crypto Events Dominated by Men at 80%, with U.S Accounting for Half the Attendees appeared first on NullTX.

17 days ago

World Gold Council: Bitcoin is No Substitute for Gold

As the largest and most established cryptocurrency, Bitcoin has earned a reputation among many as “digital gold.” Long-term HODLers and Bitcoin proponents either compare Satoshi’s invention to the precious metal or claim that it’s better than gold. But new research from the World Gold Council says otherwise. Gold kicks Bitcoin’s sorry ass. World Gold Council Report In a report published on...

19 days ago

📢 A new version of Metal Pay is here! 🤘 Included in V1.6.0:...

📢 A new version of Metal Pay is here! 🤘 Included in V1.6.0: QR Code support and more! Details on our blog:…

24 days ago

Happy Friday! Going out tonight? Want some extra cash? Send...

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24 days ago

Beaxy, an Upcoming Crypto Exchange Announces its First 25 Listings

Beaxy, a soon-to-launch crypto exchange that will be Saint Kitts and Nevis-based has announced its first round of listings. Per the announcement, the organization will list BTC, ETH, BXY, LTC, ETC, XMR, ZEC, NEO, XRP, EOS, WAVES, DASH, USDC, NPSX, ICX, OMG, POLY, ZIL, OCN, DRGN, BAT, AION, MTL, and BOXX. Like other exchanges, Beaxy will incentivize its customers through the Beaxy (BXY) Token, whereby using the token would cut trading fees by 50%. Users would also have the option of earning 25% for staking their BXY through a lockup program on the exchange. (VK)

25 days ago

A huge shoutout to all of our supporters. Thanks to you, we ...

A huge shoutout to all of our supporters. Thanks to you, we recently hit 20,000 users for Metal Pay! More friends…

a month ago

Metal Pay iOS App Surpasses 20,000 Downloads

The Metal Pay cryptocurrency app, which rewards users with up to 5% of the transaction value each time they send or receive money, recently surpassed the 20,000 download milestone and has no signs of slowing down. As adoption grows, the Metal development team releases a new version of the app every two weeks, allowing for the continual integration of new features and prompt response to user feedback. The Metal development plans for 2019 include offering full exchange services, a secure hardware wallet, physical and virtual Visa debit cards, and an Android version of its app. (JF)

a month ago

Report: Regulations Have Damaged the Physical Bitcoin Sector

As Bitcoin celebrated its tenth anniversary, veteran proponents noted that a lot has changed since the cryptocurrency’s early days. For instance, government regulations led to the end of manufacturing loaded physical Bitcoins. After Bitcoin’s launch, people came up with the idea of paper wallets and metal bitcoins dubbed the Casascius coins. However, the US Financial Crimes Enforcement Network (FinCEN) shut down Mike Caldwell, the founder of the Casascius coins. Per FinCEN, the minting of the coins was illegal money transaction. Governments across the globe followed the US, and this led to firms like Ravenbit, Cryptmint, Titan Bitcoin, and Satori Coin to halt operations. (KE)

a month ago

Bitcoin Price Watch: Volatility May Be Increasing, More Drops on the Way?

At press time, the father of crypto has fallen slightly under the $3,600 mark, and bitcoin is now trading for about $3,598. It’s a small drop to say the least, though at this stage, it’s likely every enthusiast is watching the price like a hawk to see if (or when) it comes crashing down. Everyone is still on edge, and a two dollar drop like this probably won’t do too much damage in the long run, though it’s likely fair to say that many crypto enthusiasts have been on their last nerves following the currency’s November 2018 sinking. Chart by goldbug1 Brian Donovan - executive vice-president of the crypto brokerage firm BitOoda - claims that bitcoin is mimicking silver’s behavior from 2011. He says the precious metal swelled up to the $50 range before crashing soon after, which left a lot of buyers and sellers in the dust. He also states that while another drop may be likely in the future, it could ultimately prove to be the best thing for bitcoin, as institutional players will be more adamant about getting involved. It was Donovan that originally predicted bitcoin would fall to roughly $3,200 in late December. This prediction proved correct, and he now believes that the currency could fall to as low as $2,400 before it eventually bottoms out. He explains: “We believe this thesis remains intact, which could mean seeing a break of the lows in the coming weeks. A 25 percent selloff in BTC from the current lows of $3,200 would be to roughly $2,400. If this [drop] occurs, we believe new institutional players will enter this space to start reallocating their assets and resources into cryptocurrencies. Since BTC has first-mover advantage and name recognition, we think this would be the coin that Wall Street uses as an avenue to invest in to get digital asset exposure.” Other analysts seem to share similar sentiment. Kevin Davitt of CBOE fame states what while we’re starting to see the bitcoin price even itself out, volatility is reaching a new high, which - like Donovan suggests - could lead to future drops in the coming months. At the same time, he says this should be something most professional traders are used to at this stage. He also comments that firms like CBOE provide tools to better assist customers with the prospects of future price swings, so investors shouldn’t be too afraid. He states: “So, the New Year is under way, and volatility appears to be percolating, which is off-putting to most passive investors. However, there are many market participants that understand volatility is a constant, and if volume numbers at CBOE are any indication, they are actively embracing the tools available to trade volatility and/or manage risk.” Bitcoin Charts by TradingView The post Bitcoin Price Watch: Volatility May Be Increasing, More Drops on the Way? appeared first on NullTX.

a month ago

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a month ago

How many people have you referred to Metal Pay? Or, who do y...

How many people have you referred to Metal Pay? Or, who do you plan to refer? Our referral bonus is $10 a pop right…

a month ago

Binance congela algunos de los fondos robados en el hackeo a Cryptopia

Parte de las criptomonedas robada por el hackeo a Cryptopia el martes se enviaron a Binance, los que confirmaron que ya se están congelando parte de estoss fondos.*** (adsbygoogle = window.adsbygoogle || []).push({});La cuenta de Twitter @ShaftedTangu alegó que algunos de los fondos robados como resultado del hackeo a Cryptopia fueron desviados a Binance.Las cantidades enviadas a Binance en cuestión incluyen aproximadamente 7.500 dólares estadounidenses en Metal (MTL), USD $6.750 en moneda KyberNetwork (KNC), USD $7.181 en OmiseGO (OMG) y USD $8.724 en EnjinCoin (ENJ). Todo esto suma alrededor de 30.000 dólares estadounidenses. Vale señalar que todas ellas son criptomonedas poco conocidas.Changpeng Zhao, CEO de Binance, confirmó las acusaciones, asegurando que ya han congelado algunos de los fondos. Twiteó: “Recién comprobado, pudimos congelar algunos de los fondos. No entiendo por qué los hackers siguen enviando a Binance. Las redes sociales serán muy rápidas para reportarlo y las congelaremos. Es una maniobra de alto riesgo para ellos”.Hace dos días, la seguridad de Cryptopia fue violada, dando como resultado “pérdidas significativas”. Esto lo confirmó la policía en Nueva Zelanda.Binance bajo la miraEl tweet de Zhao provocó una reacción en la comunidad de Crypto Twitter. Es el caso del usuario @Crypto_Bitlord, que expresó su desconcierto por el hecho de que Zhao se refiriera a las “redes sociales” como un medio de informar en lugar de a los propios sistemas de vigilancia de Binance.El usuario expresó a través de Twitter: “Estoy genuinamente sorprendido de que los fondos robados de @Cryptopia_NZ hayan pasado fácilmente SIN SER DETECTADOS a través de @binance hasta que las redes sociales los denunciaron. Esto plantea algunas grandes preguntas. ¿Cómo es eso posible con Blockchain?”.Sobre esta acusación el CEO de Binance, expresó: “Es bastante fácil generar una nueva dirección. Nosotros reconocemos cada transacción que hay. Ya tenemos un análisis de Blockchain muy profundo y detallado”. La interrogante continúaSin embargo, la pregunta sigue siendo: si un usuario habitual de Twitter ha podido detectar la transacción en cuestión, cómo y, lo que es más importante, por qué Binance no pudo.Quizás la mejor pregunta, tal como lo plantea @Crypto_Bitlord es:Entonces, ¿está diciendo que los delincuentes pueden robar fondos y simplemente crear una nueva dirección para enviar antes de Binance? Mientras tanto, Binance anunció ayer el lanzamiento de su intercambio fiat-cripto en la isla británica de Jersey. La plataforma está dirigida a operadores de Europa y ofrece pares comerciales BTC / GBP, ETH / GBP, BTC / EUR y ETH / EUR. Fuente: BitcoinistTraducción y versión de Mayi Eloísa Martínez/ DiarioBitcoinImagen de PexelsComparte tu opiniónBINANCE, criptomoneda robada, Cryptopia, HackAdvertisements (adsbygoogle = window.adsbygoogle || []).push({}); The post Binance congela algunos de los fondos robados en el hackeo a Cryptopia appeared first on DiarioBitcoin.

a month ago

Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds. Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance - the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains - if a regular Twitter user has been able to detect the transaction in question, how, and more importantly - why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on

a month ago

Ford, LG y IBM utilizarán Blockchain en la lucha contra el trabajo infantil en minas

El objetivo es asegurarse que en cada parada de la cadena de suministro, los participantes puedan verificar que el mineral se haya obtenido de acuerdo con los estándares establecidos.*** (adsbygoogle = window.adsbygoogle || []).push({});IBM ha anunciado dos proyectos separados que apuntan a rastrear las cadenas de suministro para la industria de los metales utilizando la plataforma de Blockchain Hyperledger Fabric.Uno está diseñado para rastrear el cobalto que viaja desde una mina en la República Democrática del Congo hasta una planta de Ford Motor Company, mientras que el otro busca monitorear el envío de metales desde una mina en México.IBM anunció que en el primer proyecto, un lote de cobalto de 1,5 toneladas saldrá de la mina en la República Democrática del Congo el próximo mes, viajará para refinarse en China, luego a una planta de baterías en Corea y, por último, terminará en los Estados Unidos en la planta de Ford como una batería para un auto eléctrico. El viaje, que durará unos cinco meses, se registrará través de Blockchain.Aparte de IBM y Ford, este piloto involucra a la compañía china de minería de cobalto Huayou Cobalt, el productor de elementos de energía LG Chem (una unidad del conglomerado surcoreano LG Corp.) y la compañía de tecnología RCS Global. Los participantes mantendrán una cadena de bloques autorizada construida por IBM en Fabric para registrar cada paso del viaje del metal.Qué se buscaEl objetivo es asegurarse de que en cada parada de la cadena de suministro, los participantes puedan verificar que el material se haya obtenido de acuerdo con los estándares de la Organización para la Cooperación y el Desarrollo Económicos (OCDE), informó a CoinDesk el gerente general de productos industriales globales de IBM, Manish Chawla.Chawla agregó: “Blockchain es la tecnología más efectiva para proporcionar un acceso en tiempo real a todos los procesos de diligencia debida, proporcionar visibilidad a la cadena de suministro desde los mineros hasta el mercado. Nuestro rol en IBM es unir a las personas para este proyecto y desarrollar la plataforma“.La República Democrática del Congo es famosa por utilizar el trabajo infantil en las minas de cobalto, y la industria, que suministra las materias primas que se utilizan en la electrónica de consumo y los automóviles eléctricos, ha atraído la atención de grupos de Derechos Humanos.Extracción éticaEntonces, ¿cómo puede exactamente Blockchain verificar si el material fue extraído éticamente? Como suele suceder con los activos fuera de la cadena, este proyecto tendrá que confiar en que los participantes ingresen los datos correctos.Jonathan Ellermann, director de RCS Global, informó a CoinDesk que algunos de los participantes en cuestión trabajan para el socio de IBM, RCS Global, que ha estado monitoreando las prácticas en las minas de metal en África desde hace varios años. En su curso normal de negocios, la empresa envía a sus empleados a pequeños sitios de minería para buscar prácticas ilegales y poner físicamente etiquetas de códigos de barras en las bolsas de mineral, registrando que se extrajo sin violar la ley.Si un monitor detecta actividad ilegal, como el trabajo infantil, esto se registrará en el sistema, la sede de RCS recibe una alerta e informa a los exportadores que trabajan con esta mina que el lote que están a punto de enviar ya no cumple con las normas internacionales, informó Ellermann. “O la fuente se va de este sitio, o las prácticas de prevención se vuelven a poner en su lugar“.Capa adicionalEl año pasado, por ejemplo, en una de las minas de oro supervisadas por RCS, tuvo que informar al exportador de una violación, comentando: “lo que en última instancia sucedió es que el exportador se alejó de ese sitio“.Sin embargo, en el piloto de Blockchain, hay una capa adicional de confianza involucrada.Dado que el monitoreo inicial se llevará a cabo en un sitio de minería industrial “responsable”, expresó Ellermann, los monitores RCS no tendrán que estar allí a tiempo completo. Más bien, RCS recibirá la información de auditoría proporcionada por la administración de la mina, cuyos empleados harán el etiquetado. Mientras que las etiquetas de código de barras se corresponderán con los activos en el libro mayor distribuido, los informes de auditoría se almacenarán fuera de cadena en un servidor IBM.Un plan a largo plazoIBM comenzó a trabajar con RCS Global el año pasado. Sobre esto Chawla comentó: “Saben cómo se debe llevar a cabo la auditoría de la cadena de suministro, entienden el lado del mapeo civil de la cadena de suministro y nosotros entendemos su lado digital“.En la etapa piloto, cada participante mantendrá su propio nodo como validador, agregó, pero a medida que más compañías se unan, también tendrán la opción de que IBM admita su nodo.Chawla afirmó que la tecnología Hyperledger permitirá a los participantes elegir qué información está disponible solo para sus socios y cuál puede ser vista por terceros. Los reguladores y los organism

a month ago

Call of Duty: Binance Freezes Stolen Cryptopia’s funds

Barely 30 hours after ZyCrypto reported the hack of Cryptopia, one of biggest crypto exchanges in New Zealand, Binance came to the rescue by freezing some of the stolen funds. The security breach which took place on the 14 January 2019 led to the loss of a significant amount of cryptocurrencies, including $2.5 million worth of ether transferred to an unidentified wallet. The incident forced the crypto exchange to temporarily shut down its services as a preventive measure against further attack while they investigate the breach. Although an official investigation has been launched Today by the New Zealand police, the security agency still has not been able to estimate the exact amount of the stolen cryptos. The inquiry is still in its early stage, and the police authorities and Cryptopia will continue with their work until they figure out what happened. However, no time frame was given. “We are dealing with a complex situation, and we are unable to put a timeframe on how long the investigation may take,” according to the police. A twist of fate? Unfortunately for the hackers, some of the stolen funds have been compromised, thanks to the watchful eyes of a crypto enthusiast who raised a red flag on Twitter that some of Cryptopia’s stolen funds were being sent to Binance exchange. Changpeng Zhao, Binance CEO confirmed that the funds were indeed on his exchange’s wallet stating that they have frozen some of the funds. Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high risk maneuver for them. — CZ Binance (@cz_binance) January 16, 2019 Zhao said that he had no idea why the hacker(s) keep pushing the funds to Binance, and while it was difficult for him and his team to freeze the funds, they did it out of obligation to protect their users. According to data on Ethereum Network, the hackers already transferred 31320 MTL ( app. $7,600) to binance. This bold move by the Twitter user and Binance has shown that the crypto community can work together to combat hackers in the space. The post Call of Duty: Binance Freezes Stolen Cryptopia’s funds appeared first on ZyCrypto.

a month ago

Cryptopia Hack Stolen Funds Moved to Binance and Other Crypto Exchanges - Changpeng Zhao Confirms

A large amount of Ethereum and ERC-20 tokens have been transferred, over the last hours, from Cryptopia to wallets linked with several cryptocurrency exchanges, including Binance. This activity could have been associated with the Cryptopia hack that took place earlier this week, leading the exchange to suspend its operations. Hackers Attempted to Hide Trails Before Sending Stolen Funds to Binance According to Twitter user @ShaftedTangu, the hacker moved vast amounts of ETH and other tokens such as DNC, MTL, MGO, KNC, OMG, ENJ, CENNZ, TrueUSD and others, from Cryptopia-related wallets and then consolidated them into one account. Consequently, he redistributed the funds across multiple crypto exchanges. However, this action which could be seen as an attempt to launder the stolen funds was big enough to trigger the watchdogs that monitor every suspicious, large blockchain transaction. 19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet Tx: — Whale Alert (@whale_alert) January 13, 2019 Social Media Seem to Play a Key Role in Blockchain Security @ShaftedTangu reached out to the representative of the involved cryptocurrency exchanges via Twitter, to warn them about the funds being moved to accounts of their companies. Namely, the exchanges that seem to have received funds from the Cryptopia hack include Binance, Huobi,, Digifinex and, KuCoin. Changpeng Zhao, CEO of Binance, went to confirm allegations, saying that the exchange was able to trace and freeze some of the stolen funds. Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. — CZ Binance (@cz_binance) January 16, 2019 Opaque Crypto Transactions After Cryptopia Shut Down Operations The crypto community is treating the Cryptopia hack with skepticism, as the stolen fund transfer occurred several hours after the exchange announced its temporary shutdown. This has led many to believe that the incident could have been an inside job, but Cryptopia has not responded yet to any of those allegations. The latest update from the exchange’s Twitter account says that the matter is now on the hands of the appropriate authorities. We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can. — Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019 Cryptopia Hack Stolen Funds Moved to Binance and Other Crypto Exchanges - Changpeng Zhao Confirms was originally found on Cryptocurrency News | Blockchain News | Bitcoin News |

a month ago

IBM’s Blockchain Platform Expands Supply Chain Solutions to Track Mined Metal

IBM will use the Hyperledger Fabric blockchain platform to track supply chains for the metal mining industry. The company recently announced two separate projects for its abovementioned aim. One of the two projects will seek to supervise the shipping of metals from a Mexico-based mine. IBM will work with Canadian company called MineHub Technologies, which tracks metal ore movement from Goldcorp’s Penasquito Mine based in Mexico. The blockchain system will allow the company to record the data regarding the ore it mines. Along with that, a certification that the metal was obtained using ethical and sustainable ways will also be provided, claims IBM. The other project will be used for tracking cobalt being transported to a Ford Motor Company plant from a mine based in the Democratic Republic of Congo. The company aims at tracking the movement of an initial cobalt batch (1.5 ton) which will leave next month from a mine in Congo. This cobalt will be sent to China for refining and later, the package will go to a battery plant in South Korea, before finally arriving at the Ford plant in the US. The whole supply chain process that is five months long will be recorded using Hyperledger technology. The project involves not only IBM and Ford but also Huayou Cobalt from China, LG Chem from South Korea and RCS Global. All the participants are expected to use the blockchain built by IBM on HyperLedger Fabric in order to record each step of the package’s supply chain. RCS Global’s involvement is in one enthical aspect of the entire operation. Some mining companies in Congo have been accused by human rights groups such as Amnesty International of using child labor. RCS Global representatives inspect mines and physically tag shipments leaving the mines with barcodes. If there is any violation of ethical laws, the company immediately informs the receiving industry. In such a case, the industry is advised not to use such a shipment. Now, the management is expected to use blockchain technology for recording the supply chain to make it more transparent and immutable. Follow on Twitter: @bitcoinnewscom Telegram Alerts from Want to advertise or get published on - View our Media Kit PDF here. Image Courtesy: The post IBM’s Blockchain Platform Expands Supply Chain Solutions to Track Mined Metal appeared first on

a month ago

Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets

On Jan. 16, hardware wallet manufacturer Satoshilabs, the creator of the Trezor line of cryptocurrency devices, announced its latest partnership with the mechanical artistry and design company Gray. The luxury designer is well known for its mobile collections like Zyra and Alter Ego and the two companies have now released a “luxury” aerospace-grade titanium hardware wallet series called Corazon. Also Read: A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today Corazon: ‘Luxury’ Titanium-Grade Hardware Wallets The Singapore-based manufacturer that creates custom Apple and Android mobile phone cases, Gray International, has partnered with the cryptocurrency company Satoshilabs. On Wednesday, the two businesses revealed a luxury grade series of hardware wallets called Corazon. The new devices are CNC machined using aerospace grade titanium that can withstand far more damage than traditional plastic and aluminum devices. The Corazon wallets are based on the Trezor Core firmware used in the company’s Trezor model T series. Just like a model T, the unit comes with a USB connector (type C to type A) and two recovery seeds. The new designer series Corazon model also serves as a password manager and a universal second-factor (U2F) token device as well. The Corazon series is way more expensive than your average Nano or Trezor One, and almost three times the price of the Model T depending on which flavor of Corazon is chosen. The cheapest model is the basic gray colored titanium model for $696 per unit. The Corazon Stealth model ($996) is a limited edition piece with only 500 available and has a black physical vapor deposition (PVD) coating. The Corazon Gold version ($1,496) is also limited but to only 100 models and the device has a gold PVD coat instead of black. “Each Corazon begins its life as a solid block of grade five aerospace titanium before being manufactured into its signature and attractive design,” explained Satoshilabs in an email to “With special tamper-proof design, the device is impenetrable without compromising the external integrity — Audited by security researchers and verified by the stellar track record of Trezor, the Corazon’s technology is entirely open-source to be fully transparent, in line with Trezor security philosophy.” Expensive But Limited The new collaborative effort between Satoshilabs and Gray follows the recent Ledger Nano X launch on Jan. 6. The new model is similar to the old Nano’s case design but is bluetooth-enabled and can store up to 100 different digital assets. Gray explains on its website the Corazon release coincides with the 10th anniversary of Bitcoin’s creation. Each unit starts as a solid block of titanium and is then machined into a lightweight but strong hardware wallet. The limited edition models are finished to a degree “that is impossible to be replicated by hand” says Gray’s website. Cryptocurrency proponents can pre-order the Corazon models with either BTC or BCH via Bitpay, and the website takes traditional credit cards as well. This is not the first time Trezor has released limited edition models, as the firm has released metal aluminum grade versions of their wallet in the past. Last December the firm sold metallic chrome-looking models for 600 euros and there were only 300 made. The limited series was called the “Steel Bundle” and the product came with a Cryptosteel seed container. Some people will likely disregard the new Corazon series on account of the price while others may see the wallets as a collectible. What do you think about the new Trezor Corazon series designed by the mechanical artistry and design company Gray International? Let us know what you think about these products in the comments section below. Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only. Image credits: Trezor, Gray International, and Bitpay. Need to calculate your bitcoin holdings? Check our tools section. The post Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets appeared first on Bitcoin News.

a month ago

Crypto Isn’t Criminal Money: Binance Blocks Funds From Hacked Exchange

This week, the popular crypto exchange Cryptopia suffered the first major security breach of 2019, resulting in “significant losses” of crypto assets the exchange had stored. Following the breach, social media users began tracking the movements of the stolen funds and alerted Binance CEO Changpeng Zhao that the funds had landed on Binance - the world’s largest cryptocurrency exchange by adjusted volume according to CoinMarketCap. Zhao and his exchange have earned a reputation across the industry as among the most safest and secure exchanges, and were quick to react to the situation by freezing the stolen crypto. Zhao also took to Twitter to speak openly about general security in the cryptocurrency space, further cementing the him and his exchange’s status as the keeper of security in the cryptocurrency industry. Binance Freezes Cryptopia Funds After Reports from Social Media Users Following New Zealand-based Cryptopia’s security breach, hackers made off with a “substantial” amount of cryptocurrencies, which the hackers began moving to other exchanges in hopes of exchanging the crypto assets for another in an attempt to hide their tracks and eventually cash out the funds. However, keen-eyed social media users began tracking stolen Metal (MTL) on Ethereum’s blockchain and alerted Binance CEO Changpeng Zhao that the funds had landed on Binance, and requested the influential public figure take action. Related Reading | Binance Boss Rounds Up a Year in Crypto, Looks Forward to 2019 Mere hours later, Zhao responded to the request, assuring the user that his security team at Binance were able to “freeze some of the funds.” “I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high risk maneuver for them,” Zhao added. Binance Is Becoming The Keeper of Crypto Security While Binance had already earned a reputation for safety and security on its own exchange servers, the firm has since taken a harder stance against cyber criminals targeting crypto assets as whole. Not only was Binance able to freeze funds related to this recent Cryptopia hack, Binance CEO Changpeng Zhao has become a sort of hero within the cryptosphere, and took to Twitter to comment on general security in the industry. Zhao pointed out that even storing crypto assets as an individual has its pitfalls and risks associated with it, such as losing your private keys. He further suggested that storing cryptocurrencies on an exchange isn’t the safest option, either. However, if one is going to do so it should only be on the “most reputable, proven secure, exchanges.” Finally, he seemingly recommended moving to DEX exchange as the safest of options, but later clarified that he had been promoting his firm’s own upcoming DEX exchange and to not put too much weight into his “advertisement”. Regardless of his motivations, when Zhao speaks about security, the entire cryptocurrency community has been conditioned to listen intently. His track record of maintaining a secure exchange has been highly publicized. Related Reading | Binance Bounty: $250K Offered For Information Leading to Arrest of Hackers The young exchange had already become the target of cyber criminals throughout 2018, however, hackers weren’t able to make off with funds of any significance, and in some cases, Zhao claimed that the hackers had even lost some funds in the shuffle. Binance responded to one hack attempt it had thwarted by launching a “Secure Asset Fund for Users” that would cover customer losses should hackers ever successfully breach Binance’s security, resulting in “extreme” losses. The acronym is a play on the popular meme, “funds are safu.” Binance also created a $10 million hacker bounty fund reserved for “future bounty awards against any illegal hacking attempts on Binance.” The bounty’s existence alone could be a deterrent for would-be hackers fearing retaliation from the crypto community. Binance and Zhao’s track record of responding to all manners of crypto-related security issues, whether on their own exchange or when faced with issues stemming from other exchanges, has rightfully earned Binance the reputation of being the “keeper” of security and safety across the crypto industry. Featured image from Shutterstock. The post Crypto Isn’t Criminal Money: Binance Blocks Funds From Hacked Exchange appeared first on NewsBTC.

a month ago

Bitcoiner 2029: Another Ten Years On

The following is an imaginative, fictitious account of what the world could look like in 2029 and how Bitcoin might evolve to revolutionize economic, monetary and free-market systems. Unfortunately, time machines haven’t been invented in this speculative future so we couldn’t verify the accuracy of the narrator's experience — please take the following story with a healthy grain of idealistic salt.As I walked out on the tarmac, the West Coast winter climate, brisk and sharp, broke over me. The sun set over the west bay in a splendor of sherbert radiance. Some 20 miles away, I envisioned the sepia luster of the Golden Gate stretching across the bay, that bastion of 20th century industry blending with the gradually darkening backdrop of the day’s paling light.Immediately I was taken back to my first crypto conference in the Bay Area some 11 years earlier — right on the brink of the crypto craze of 2017. A fledgling industry, we found ourselves positioned in an ecosystem that was challenging the economic norm with feverish and diehard persistence. Bitcoin was a revolution, and we were accelerating a movement that would disrupt the monetary realm as we knew it. It was a thrilling time; we were building the future.Now, the same flutters of excitement I experienced in 2017 morphed into the euphoria of triumph. The future we imagined — we had built it.An act of happenstance, the consequence of this triumph greeted me as I stepped from the tarmac into the warm, aseptic fluorescence of the SFO airport. Greeting me at the door like a stalwart guardian of old, its paint peeling and brittle from lack of care, a defunct currency exchange booth sat like the gutted relic of a different time.The sight conjured memories of my childhood, when my father would vent about the fees charged for currency conversion at these booths.“12 percent?” he’d say in disbelief. “It’s straight theft! Should have done it beforehand at the bank — of course, their rates are about as bad though,” he always conceded.I laid my hand on the jaundiced linoleum countertop.“You put up a good fight, old boy,” I muttered, giving the booth a sympathy pat.A janitor within earshot looked up from the tile floor he was tending and flashed me a dubious look, complete with cocked eyebrow.“Sorry, just reminiscing,” I replied awkwardly.Gathering my composure, I headed to the baggage claim, collected my luggage and proceeded to the rideshare section of the terminal. I opened my Decentralift app and requested a car.Standing in wait for my ride, I surveyed the news for the day on my BitLive app.The New York Times: January 3, 2029: “In the New Year, POTUS, Congress Wrestle With New Economy”The Wall Street Journal: January 3, 2029: “Investment Banks Faces Bankruptcy as Wall Street Debt Crisis Worsens”Bitcoin Magazine: January 3, 2029: “China and Russia's Mining War With the West Is About to Get More Entrenched”Millennial Daily: January 3, 2029: “EU Parliament Convenes Emergency Session in Shadow of Global Economic Downturn”The Times: “Pressure On: Parliament on Brink of Passing Crypto Tender Bill in Wake of EU’s Adoption”I paid 1,000 sats for the NYT’s headliner, and I even shelled out for The Times article too, mainly for sentimental reasons.Standing in waiting for my ride, I opened the NYT article and started reading.Newly re-elected President Ables and the Democratic-controlled Congress continue to look down the barrel of a currency crisis as long-standing Wall Street Institutions like Goldman Sachs and J.P. Morgan continue to fold under the pressures of bankruptcy.These closures are the climax of a financial paradigm shift that began when Congress passed the “Cryptocurrency Tender Recognition Act” of 2027, legislation that categorizes cryptocurrencies such as bitcoin as legal tender under U.S. law. The law was prompted by the surging demand for bitcoin and other private currencies by U.S. employees and a wave of adoption as major brands, such as Apple, Amazon, Walmart, Nike and others began accepting bitcoin and other cryptocurrencies as a sole method of payment.Congress is meeting with the President and the Federal Reserve, as well as CEOs from the nation’s largest private banks, on Thursday to discuss the crisis and break ground on a relief plan.“The COIN Act was a safety-net plan of sorts. It outfitted the United States with the most powerful mining operation on the planet, and we’ve been actively liquidating portions of our precious metal reserves in favor of bitcoin and other cryptos,” House Banking Committee Chair Vicente González told the New York Times.“Still, the Thursday meeting is critically important. We also recognize the need to aid these financial institutions for the betterment of our economy and constituents as we confront a paradigm shift in monetary policy.”Representatives from Goldman Sachs, J.P. Morgan and the Federal Reserve declined the New York Times’ request for comment.“Long time coming,” I muttered to myself.European change was underway

a month ago

Pop! What's that noise? Free money? Yes, free money. Each ...

Pop! What's that noise? Free money? Yes, free money. Each time you send cash on Metal Pay. You. Get. Free. Money…

a month ago

Happy Monday! What’s your favorite cryptocurrency (other th...

Happy Monday! What’s your favorite cryptocurrency (other than MTL of course!) to buy on Metal Pay? Are we missing…

a month ago

We 🧡 crypto! With Metal Pay, you can now buy and sell crypto...

We 🧡 crypto! With Metal Pay, you can now buy and sell crypto directly from your cash balance. And when you invite a…

a month ago

Bank of England Governor Mark Carney says 'There is Clearly a Future for Digital Payments'

Mark Carney, the current Governor of the Bank of England, recently said that “there is clearly a future for digital payments, even if true digital currencies may still be a way off.” Carney was also asked when the BoE would begin to issue digital cash and he replied by saying, “we accept that the token of exchange that we call money can be physical - made of metal or polymer - or digital, made of computer code.” Carney stressed that physical cash still plays a very important role” in modern society and he explained that more than 13 billion cash payments constituted a third of the total volume of consumer and business payments in 2017. Carney did suggest that the Bank of England will need to evolve in order to keep pace with changes in the economy and he mentioned that the bank is closely monitoring the development of digital currencies. (RS)

a month ago

Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors

GOLD.IO Seeks to Develop Decentralised & Self-Regulating Community Exchange Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux. The need for a fully decentralized, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy has never been stronger. Setting the Gold Standard with Crypto’s Founding Principles. With a scalable inter-blockchain and decentralized exchange the GOLD.IO platform is not only self-regulated and led by its stakeholders, but asset linked - offering exchange investors unrivaled portfolio security. Gold has always set the market standard and has benchmarked traditional finance for centuries, so why should the cryptocurrency market be any different? As a commodity, it has weathered many a financial storm and continues to do so today. Aside from a little price volatility, it has consistently retained its market value, and with an unstable geopolitical, crypto-economic outlook the precious metal can provide a safe port for crypto assets. In short, a gold-linked and backed exchange offers not only security of your assets but a piece of mind - the world has been through tougher times than we face today, but gold has always survived the course. GOLD.IO - Providing a Defensive Asset Protection to your Investments. With a team of over 30 experienced developers, GOLD.IO has simply put a sister chain of the EOS Project which has the mission of creating a Decentralised Exchange (DEX) of smooth inter-block communications that not only eliminates persistent market influences but has the unique benefit of being backed by a commodity asset class. Combining the proven power of gold as well as a growing community that is not only self-regulated but also stakeholder-led - GOLD.IO is also seeking to develop a fully-fledged Decentralised Autonomous Community (DAC) based on the founding principles of the blockchain. The DAC will serve as regulatory oversight of the exchange with all stakeholders enjoying full voting rights, a say over project development and more importantly the ability to define their profits. Gold Backed Tokenomics Offers Trading Efficiency & High Liquidity. With global stock volatility at best and a downward trajectory at worse - according to Goldman Sachs the markets are gripped with a fear of what may come in the coming year, a gold-linked exchange, with inherently high liquidity can part-mitigate investor risk. With no independent or fair exchange yet to provide what GOLD.IO can, the benefits of the platform as a market leader are clear but the real magic comes with the EOISO blockchain system itself - it eliminates third-party manipulation and offers a unique architecture to ensure users remain the custodian of their gold. Join The Power of GOLD! Join the Gold Renaissance Today! For all media and industry queries, please contact us via our website or chat to us today - we are keen to hear from you! To find out more about us please visit our website - as leaders in the decentralized exchange space we want to work with you! The post Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors appeared first on ZyCrypto.

a month ago

As the #12DaysOfCrypto comes to a close, we'd like to remind...

As the #12DaysOfCrypto comes to a close, we'd like to remind you that you can also buy BTC, BCH, and LTC on Metal P…

a month ago

InnovaMinex Leverages Blockchain Technology to Authenticate Precious Metals

InnovaMinex, a mining platform, is using blockchain to trace the genuineness of precious metals like gold and silver. News sources reveal that since 1970, the yearly volume of gold produced triples while the amount bought annually quadruples. According to the CEO of InnovaMinex, traceability of these precious metals is important for buyers to clarify the source, legality of extraction, and to know whether the metal has been involved in money laundering. (VK)

a month ago

The Digital Gold Age Is Growing

JM Bullion, the notable precious metals dealer, has been open to various methods of payments to purchase its gold and other precious metals. It had opened its arms to Bitcoin back in 2016 by utilizing BitPay to accept Bitcoin safely. The precious metal giant had seen enormous growth in customers paying through Bitcoin, given that it was one of the first precious metal dealers to accept Bitcoin. Moreover, its 4% discount if you’re purchasing gold with Bitcoin attracted a lot of interested people. It was noted to have accepted a whopping $60 million in Bitcoin for purchases in 2017 which was five times more than it was in 2016. OneGold which is another notable precious metals marketplace which includes digital gold followed JM Bullion’s footsteps and accepted Bitcoin and Bitcoin Cash in December 2018 bringing in more power to Bitcoin’s revolution. And they’re not the only one, APMEX accepts Bitcoin payments too. And a lot other local businesses started accepting Bitcoin payments for gold or other rare metals. As bitcoin’s price declined over 2018, investors found a safe haven in Gold and other precious metals, besides stable coins. However, in a span of 3 years, JM Bullion is seen to be comfortable with the Bitcoin experience as seen in its website. It includes the Bitcoin symbol on top of the page along with reputable companies which include Visa and PayPal. The scope of people paying through Bitcoin for expensive metals like gold showcases the need for anonymity and fraud taking place through credit cards. A Reddit thread showcases how people are using JM Bullion’s affiliation with Bitcoin to avoid tax gains by buying gold bars. However specific users had cleared that even though gold is not taxed on IRS forms and cryptocurrency accounts are anonymous the capital gains from gold is considered a taxable event similar to buying another altcoin or cash. BitPay is seen to be addressing the bridge of gap between traditional companies such as gold markets of JM Bullion in stepping up sales through connecting it with Bitcoin. Looks like the COO of BitPay Sonny Singh was right when he expressed optimism for 2019 given the scale of Bitcoin being adopted. The post The Digital Gold Age Is Growing appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

a month ago

What Is Monaco? Introduction to the MCO Token

What Is was formally known as Monaco. It’s a blockchain firm offering a mobile wallet app and prepaid MCO Visa prepaid cards to let users buy, sell, trade, and spend cryptocurrencies like bitcoin and ethereum, and fiat currencies like dollars and yen. Monaco spent an estimated $10 million in June 2018 to rebrand as Monaco (MCO) is the native ERC-20 cryptocurrency token of’s payment platform. This Hong Kong-based project may throw up red flags for marrying credit cards and cryptocurrencies because of the infamous Centra ICO. Both Floyd Mayweather and DJ Khaled were charged with fraud and fined nearly $800,000 between them for promoting a $32 million fraudulent ICO with a false Visa partnership. The Visa partnership was held up repeatedly during late 2017, leading to a toxic dump as retail investors fled the project. Even the announcement itself was greeted with some derision, when it became clear how the card would actually operate. Now, however, the business appears to be back on track and actually delivering on some of its promises. But isn’t Centra, and its Visa-branded prepaid cards are finally real; they just don’t use cryptocurrency for payment. Instead, you must meet certain MCO staking thresholds to access higher card levels. The cards are metal, which has a special connotation in the world of credit and debit cards (think American Express Centurion, colloquially known as “the Black Card” or “Amex Black”). We’ll dive into the details a bit further in the next section, but all you need to know for now is that you’ll be spending fiat currency on legit prepaid Visa-branded cards, accepted wherever Visa is accepted. In fact, offers cash back rebates, access to LoungeKey airport lounges, and a slew of other services for its cardholders. It’s as legitimate as any other prepaid card, except it’s a lot more crypto-friendly. As of the end of 2018, major credit card-issuing banks like Citibank, Bank of America, and JP Morgan Chase ban the purchase of cryptocurrencies with their cards. Online services like PayPal aren’t any friendlier - Peter Thiel’s fintech giant seems to fear cryptocurrency more than embrace it. (At least until he creates his own.) So how did CEO Kris Marszalek, CFO Rafael Melo, and CTO Gary Or navigate these muddy waters to create And what are the odds of this high-profile domain name and crypto-friendly financial tools becoming the hottest bet in crypto? We’ll start exploring that answer with a review of Monaco (MCO), the native cryptocurrency token of the Visa-branded cards. MCO Cryptocurrency Summary As of December 28, 2018, the circulating supply of Monaco is 15,793,831 out of a total supply of 31,587,682 MCO. The peak price of MCO so far was $24.22 on August 28, 2017. The Monaco ICO crowdsale took place from May 18 through June 18, 2017, raising $26,700,000 worth of ETH and selling 9,476,400 MCO. Of the total supply of 31,587,682, 30 percent was sold in the ICO crowdsale, 25 percent was retained by the Monaco founders, 10 percent was held by the company, 5 percent was awarded to advisors, and 30 percent was held as reserve tokens. [{"date":1514999051000,"value":15.9196,"volume":37161000},{"date":1515085452000,"value":17.2142,"volume":33849800},{"date":1515171852000,"value":17.147,"volume":49335000},{"date":1515258252000,"value":16.2244,"volume":36239900},{"date":1515344652000,"value":19.0145,"volume":46807600},{"date":1515431052000,"value":17.9762,"volume":42000200},{"date":1515517452000,"value":17.6076,"volume":27900800},{"date":1515603852000,"value":16.1361,"volume":25469700},{"date":1515690252000,"value":15.8246,"volume":22930800},{"date":1515776651000,"value":15.4791,"volume":17477900},{"date":1515863052000,"value":17.8419,"volume":19544000},{"date":1515949452000,"value":15.7012,"volume":29121000},{"date":1516035852000,"value":16.5563,"volume":19716300},{"date":1516122256000,"value":13.446,"volume":24155800},{"date":1516208655000,"value":9.54896,"volume":13760600},{"date":1516295056000,"value":11.8387,"volume":23828100},{"date":1516381455000,"value":12.3314,"volume":16365000},{"date":1516467856000,"value":13.0178,"volume":7045340},{"date":1516554256000,"value":12.4177,"volume":11572600},{"date":1516640657000,"value":11.1108,"volume":18965900},{"date":1516727056000,"value":11.8744,"volume":13229600},{"date":1516813457000,"value":11.6267,"volume":10131000},{"date":1516899855000,"value":11.6545,"volume":9376160},{"date":1516986256000,"value":11.9382,"volume":10877600},{"date":1517072655000,"value":12.664,"volume":9095900},{"date":1517159056000,"value":12.8938,"volume":11590400},{"date":1517245455000,"value":11.8618,"volume":8006460},{"date":1517331856000,"value":10.9527,"volume":7379550},{"date":1517418256000,"value":10.4061,"volume":9229360},{"date":1517504656000,"value":9.63507,"volume":14858300},{"date":1517591058000,"value":9.52744,"volume":8395050},{"date":15176774570

a month ago

Miners are still losing money; should they consider a new direction?

The cryptocurrency market has been in a freefall with massive losses for most traders, investors and other stakeholders. In the year-to-date period, the price of Bitcoin has crashed from around $15,000 to about $4,000 to mark a 73% decline. The market cap of the entire cryptocurrency market has been eroded by almost 75% from more than $700 billion to about $132 billion now. While traders and investors are complaining about the significant drop in the value of their portfolios and profits; another group of crypto stakeholders - the miners, are complaining bitterly about how unprofitable it is becoming to deploy computing resources to mine cryptocurrencies. This piece explores how the weakness in the cryptocurrency market is frustrating miners out of business and how a startup is introducing a disruptive solution. Mining might no longer be profitable for many people Cryptocurrencies are still a long way off from achieving mass-market adoption and it seems like, at least for time being, they will co-exist with fiat currencies instead of replacing them. Interestingly, the decentralized nature of cryptocurrencies require that miners take on the tasks of updating the ledger, verifying transactions and essentially keeping a cryptocurrency alive. Miners are generally incentivized to keep cryptocurrencies alive through the coins that they “earn” for their services. Unfortunately, mining is only profitable in as much as the cost of mining a single unit of a cryptocurrency is lower than the price of the cryptocurrency. The year-to-date decline in the price of cryptocurrencies has significantly reduced the operating margin for cryptocurrency miners. A couple of weeks ago, news broke that Giga Watt, a U.S.-based miner has gone bankrupt after becoming insolvent and unable to pay its overdue debts. The reportedly has up to $50 million in liabilities and all its left-over assets is probably not worth $50,000. In Taiwan, manufacturers are lamenting the declining demand for GPU miners, there’s a marked drop in the demand for motherboard shipments from 12.6 million units to 3.65 million units. Another story making the rounds in China holds that mining machines are now being sold at steep discounts from about $2,800 last year to about $145 now. In fact, there are viral photos of mining rigs being sold as scrap metal in China. 2017’s uptrend in the price of Bitcoin attracted many new miners and mining farms, the new miners in turn increased the efforts required to mine cryptocurrencies; of course, the available incentive is now being shared among a larger number of miners; hence, mining becomes increasingly unprofitable. There’s a demand for computing resources in AI The long-term survival of the cryptocurrency market is dependent on the long-term commitment of miners to keep the blockchain architecture of each coin alive. As mentioned earlier, miners don’t have enough incentive to keep on maintaining ledgers if the cost of mining is more than the price of the coin. The key to keeping miners interested is to find ways to lower the cost of mining such that mining cryptocurrencies continue to remain profitable even when the general cryptocurrency market enters a bear market. Tatau is building a blockchain-powered, enterprise focused, decentralized supercomputing platform that could accelerate the development of AI and predictive analysis. To begin with, the sheer demand for AI and its applications shows that there’ll be a need for huge hardware and computational power. Unfortunately, the current model in which data centres are built to power AI applications will not be able to cope with the demand for computational power required to deliver artificial intelligence to the world at scale. Big cryptocurrency miners can leverage Tatau to contribute their excess computing power to AI and predictive analysis solutions that need such computing resources. Miners get an opportunity to earn more money from their mining rigs by selling their computational power in addition to the revenue that they make from mining cryptocurrencies. The fact that Tatau is targeting its efforts on computation, payment, and payment in machine learning projects also makes it a win-win solution for cryptocurrency miners who are already on the forefront of the payment’s revolution. Through the Tatau token, miners can sell their computational output in an inherently immutable environment guarded by smart contracts. Secondly, the Tatau token can be used to stake in computational nodes and validators in a network. Final words The cryptocurrency market is suffering from a great deal of negativity as the market continue to suffer in bear territory. In fact, some Wall Street critics are becoming increasingly vocal about the possibility that Bitcoin and other cryptocurrencies might be on the way to becoming worthless - especially if miners start to close shop and pack up their operations. However, cryptocurrencies still have a valid market proposition, the bear market

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Scientists Convert Copper to Gold; BTC Yet to Succeed Gold as a Store of Value

According to SCMP, a paper in a peer-reviewed scientific journal, a team of Chinese scientists has discovered a method of turning copper to a metal that is almost identical to gold. The scientists are from the Dalian Institute of Chemical Physics at the Chinese Academy of Sciences in Liaoning. However, this discovery raises the question of whether gold would lose its value as a store of value and help Bitcoin become mainstream. Per the researchers, this process cannot create counterfeit gold as the metal remains with Copper’s density, meaning Bitcoin will not replace Gold as a store of value shortly. (KE)

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