NAV Coin NAV

$0.1317
Market Cap $ 8.392 MM (#243)
24h Volume $ 107.469 K
Chg. 24h: -3.28%
Algo. score 3.9/5  (#58)
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NAV Coin News

📣 NavCoin Wants You To VOTE!! There are currently 11 #NavCoi...

📣 NavCoin Wants You To VOTE!! There are currently 11 #NavCoin #CFund proposals being voted on, but only half of the… https://t.co/3ftJJembju

2 days ago

Decentralized digital currencies like NavCoin take control o...

Decentralized digital currencies like NavCoin take control of the monetary system away from government and corporat… https://t.co/8v14gokME5

3 days ago

The NEXT wallet has built-in proposal creation and voting fo...

The NEXT wallet has built-in proposal creation and voting forms for the NavCoin community Fund. View project propos… https://t.co/rPUsp4k4pk

6 days ago

Watch a range of #NavCoin #CommunityFund tutorial videos on ...

Watch a range of #NavCoin #CommunityFund tutorial videos on the NavCoin @YouTube channel. There are explainer video… https://t.co/P6axlGokQL

6 days ago

The NavCoin Community Fund improves upon the traditional way...

The NavCoin Community Fund improves upon the traditional way funds work in three important ways... Read the full a… https://t.co/YZ4V4VWlIq

9 days ago

How to Setup a Nullex (NLX) Masternode

This is a tutorial on how to setup a NulleX Masternode. NullTX and NulleX are official partners and NLX is our official cryptocurrency. NulleX is a privacy centric cryptocurrency similar to Dash and PIVX. If you are familiar with how masternodes work with DASH / PIVX, they work pretty much the same with NulleX. Before we start, keep in mind you do lock away 50,000 NLX in order to start the masternode, at the current price that is roughly $675. The good news is, you do not need any programming experience to set up the masternode. Without further ado, let’s get started. Step 1: Create a VPS and Download Putty We will be using Digital Ocean as our VPS provider, so go ahead and create an account on digitalocean.com. When creating the VPS, make sure it is an Ubuntu 16.04 x64 operating system, NOT Ubuntu 18 or 14. That is important to ensure that the install script works correctly. Also, make sure to enable IPv6 and Private Networking support, which is important if some time in the future you decide to run multiple NAVs on a single VPS. For simplicity’s sake, for this tutorial we will only set up a single masternode on the droplet. Once you create the VPS, you will receive an email with information that looks like this: Droplet Name: nullex-nav-tutorial IP Address: 142.93.81.140 Username: root Password: f21ce8da673a5440ff95730d65 Next, download and install Putty from putty.org. This is the program we will be using in order to communicate with the VPS and configure the masternode. Step 2: Login to the VPS and add a user Go ahead and run Putty in the host name enter the IP address of the droplet that you received in your email, in our case it will be 142.93.81.140, keep the port at the default value (22). Click open and if you get a Putty Security Alert notification just hit yes, you should then see the following: Type in root, then copy past the password that you’ve received in the email. When pasting a string in putty simply right click. You won’t see anything happen in the terminal but that is due to security. Just press enter again and follow the prompts by pasting the password one more time then setting a new password. At this point you should see something like this: We do not want to be running commands as root, it’s just bad practice. So let’s create a user and give it sudo permission. Run the following 2 commands: adduser nullexnav1 usermod -aG sudo nullexnav1 Follow the prompt after the first command and once both are complete close the terminal window. Go ahead and start up putty one more time, put the same IP address in the host field, but this time login as nullexnav1 NOT root. Step 3: Download and run the install script Big shoutout to Joe Uhren aka NLXionaire from the NulleX Technology Team for creating this script, it makes life so much easier when setting up the masternodes. Run the following commands: git clone https://github.com/NLXionaire/nullex-nav-installer cd ./nullex-nav-installer chmod +x ./nullex-nav-installer.sh sudo ./nullex-nav-installer.sh -N 4 At this point the install file should begin working and after a minute or two you will be greeted with the following prompt: Don’t worry about it, just hit enter with the default selected option. You will see this prompt one more time, once again simply hit enter. Once you are passed that, you will see the script start syncing with the blockchain. At the time of writing it takes about 10-15 minutes to complete. Once the sync is done, you will be greeted with the following: The value we are interested in is the one highlighted. This is the masternode private key, do not share it with anyone. Copy it and save it on a notepad because you will need it later. In our case the private key is: 88upKZ7aEwQ7uPWD47tDXVgK99tMfJLUA1gp7ZQD7tGRUNdHWTS Step 4: Download the Windows-qt wallet, sync it, encrypt it, and send 50,000 NLX This step is pretty self explanatory, download the latest windows wallet from the NulleX website, run it and let it fully sync. Once the sync is complete, generate a new address. Go to Tools -> Debug Console, and type in the following command to get a receiving address: getaccountaddress nav1 NOTE: You can use any label for the address it doesn’t have to be nav1. Save the receiving address as that is where you will want to send exactly 50,000 NLX. Before, sending any coins to the wallet make sure that it is encrypted. Go to Settings -> Encrypt Wallet. Make sure to save your passphrase because if you lose it your funds are lost for good. At this point feel free to send the 50,000 NLX to the previously saved address and wait for the transaction to fully confirm. Step 5: Start the Masternode on the cold wallet At this point we are almost ready to start the masternode. Go to the debug console again (Tools -> Debug Console), but this time type the following command: masternode outputs The result should be a json string with 2 values, the transaction hash and the output index: Save both the txhash and the outputidx in the notepad.

10 days ago

If you're a NavCoin staker, that means you're eligible to vo...

If you're a NavCoin staker, that means you're eligible to vote on projects in the #NavCoin #CommunityFund. Watch th… https://t.co/D0XC5TeX95

11 days ago

Who Stands To Benefit From The Digital Securities Market?

The emerging digital securities ecosystem has the potential to create economic opportunities for years to come. I’ve already discussed one of the key benefits for ICO investors - their early-to-market knowledge and experience - but a number of other groups will also see benefit from the emergence of this new asset class. The players in the following key roles of the nascent digital securities ecosystem are in a position to see more customers and improved profitability: Community Management: Online forums for traders have existed for decades. But they were not generally hosted, supported, and managed by the company owning the security. The discussion can get pretty tense in some of the altcoin channels and forums, so management firms may be brought in. These firms could see an uptick in business as digital securities become a reality. For community management firms, opportunities may include: New, professional customer base Improved community discourse Longer project shelf-life Investors: There are two classes of investors who invest in blockchain based vehicles: those currently in cryptocurrencies and altcoins, and those who are not. Crypto holders are likely to be presented with an opportunity to diversify as digital securities come to market. For example, those who moved their BTC or ETH into a digital security like SPiCE VC in Q1/18 would have preserved not only the original value of their capital, but would also have seen a 38% increase in value of through the SPiCE VC token. For current crypto investors, opportunities include: Moving gains into asset-backed securities where the net asset value (NAV) guides price instead of network use. Moving gains into a regulated instrument. More secure holdings. If a wallet’s private is forgotten or stolen, the securities can be voided and reissued. For non-crypto investors, the opportunity include: Access to regulated digitized assets that are currently only available via the blockchain Early adopter access to funds and infrastructure that in the future may represent returns gained by second wave Internet platforms. Improved liquidity of traditionally illiquid assets such as venture capital funds and real estate. Improved management of digital assets with access to 24/7 markets and exchanges Issuers: Not all opportunities in digital securities are investor focused. Since practically any asset can be digitized and equity and profit sharing can be applied to practically any business model, the opportunities are potentially massive. Coded compliance features for issuance and lifecycle management Easier capital formation Collect funds in both traditional fiat and crypto from a global market Quick and easy dispersal of digital shares Use digital security for communication and voting Ability to change business model and instantly apply changes to smart contract More value for investors through increased liquidity on 24/7 global exchanges Exchanges & Broker-Dealers: Exchanges and marketplaces are the backbone of access, liquidity and value. It is here that individuals and organizations buy and sell securities. These exchanges require a broker-dealer to legally facilitate the transaction between buyer and sellers. Drive demand for IT blockchain professional services New markets, new products and new investors that did not exist one year ago New type of security instrument to broker and advertise Access to investors on a global scale Markets open 24 hours a day 7 days a week Legal Counsel: Digital securities offer a new and exciting venue for legal services. Firms specializing in legal services for fund raising, VCs, start-ups and asset management now have a new high demand market to service. New customer base High market demand Exponential growth curve Differentiate from competitors Digital Securities Storage: The cryptocurrency ideology is based on self-reliance. Individuals are responsible for their holdings. Lost or stolen private keys, passwords or improperly sent funds is a common outcome for many. In the regulated finance world, these problems don’t really exist because of custodial and escrow services that store and transfer funds. They will become big players in digital securities. New customer base Drive demand for IT blockchain professional services Participation in creation and implementation of digital ledger technology Increasing revenue stream as accounts grow As the digital securities markets grow, the economic value for all players building the digital securities ecosystem has great potential. Again, a key point to remember is that the creation, buying, and selling of securities has been around for a long time — long before computers and the blockchain. Digital securities are just a new and better vehicle for managing what has always been a core market for global economies. If you look at digital securities in this way you will understand that the underlying securities market isn’t g

13 days ago

The amount of $NAV that the network contributes to the Commu...

The amount of $NAV that the network contributes to the Community Fund has now doubled to 0.5 NAV per block. That's… https://t.co/DPC0m5U3MV

17 days ago

Moving From The ICO To The DSO: Digital Security Differences

Love them or hate them, ICOs really stirred the pot. Did they stimulate global interest in blockchain technology? Absolutely. Did they represent an unsustainable speculative bubble which was bound to burst at some point? Absolutely. In fact, the whole ICO craze is a bit of a Catch-22. If the markets had remained purely driven by utility they probably wouldn’t have been as popular. But the fact that they transformed into what we might charitably describe as ‘unregulated securities markets’ has had one very positive implication for ICO investors: they are in the best position to be first movers in the rapidly-evolving digital securities market. As discussed in our previous article, the once scalding Initial Coin Offering (ICO) market has become frosty as 2018 continues to wear on. But as the ICO deal stream slows to a trickle, we are seeing the rise of the Digital Security Offering (DSO). As we dive deeper into this transformation, it’s important to understand that the ICO and the DSO are fundamentally two different things, which happen to share a common denominator. Moving from ICO to DSO The DSO is, and was always intended to be, an investment and cap management vehicle that will mostly be used for private placements and other typically illiquid asset classes, as an Angel investor this made sense to me. There are a lot of features of digital securities that help them accomplish its goal, as a vast improvement over the tedious and expensive process of creating, trading, and managing private securities (more on that in a moment). ICOs, on the other hand, were almost exclusively sold as utilities to incentivize communities building technology on a public blockchain. The “token” was intended to reward people working for the greater good of the community. The ICO was not intended to be a speculative investment vehicle - at least, not in its original form. And although there are a few unicorns out there, many ICOs will fail. This is not inherent to the model they used - startups fail all the time - but the capital raised and the global excitement around tokenization has allowed the brunt of those failures to rest on the shoulders of the retail investor. The inevitability of failure, and the reasons for success So what happened, to create this speculation? Due to the frictionless nature of trading tokens on the blockchain investors began to do what they do best - they speculated, traded, and rode the wave all the way to the shore. Markets were born, prices fluctuated (artificially or authentically), trades were made, and for anyone with a background in securities, it became very apparent that the “utility” notion had transformed into a budding unregulated securities market. Dana Farbo, COO of Augmate, puts it bluntly: “Regardless of whether this token is used as a part of the platform or not, a company that insists on going the route of a utility tokens with investors who hope to gain on the increasing value of the token is risking their business and possibly the livelihoods of its employees, business partners, investors, and others.” I mentioned that the silver lining for ICO investors is that they are in a fantastic position to be among the first to explore the digital securities offering. And that’s true - the media they consume, their comfort with physically-intangible assets, their understanding of the technology underpinning many of the projects that are seeking crowdfunding - all of these factors are advantages that non-crypto investors do not possess. But after the ICO model has gone supernova, what real benefits are there for retail investors? And what’s the safety net? Let’s take a closer look at some key components for DSOs: Regulatory Compliance Digital securities, as issued and managed by reputable issuance platforms like Securitize or Polymath, apply global regulatory rules to the lifecycle of the digital share or token. ICO tokens were often sold without regulatory clarity. There is, in many cases, nothing that legally protects the token owner from nefarious or ignorant acts committed by the issuer. Asset Backed Digital securities are backed by an asset of value. This can be the equity of a company, fractional ownership in an apartment complex or the payout of dividends from quarterly profits. ICO-acquired tokens usually have no assets backing their value. They are offered as a ‘utility;’ a means in accessing a service on a communication network. One pays money for tokens that grant access to the service. Digital Securities are not Bitcoin-paired Digital securities gain their value from the net asset value (NAV) of the asset backing the product, and can trade at a premium or a discount to their NAV. This is the expected behavior of any asset-backed security. Digital securities will be paired with fiat. ICO acquired tokens that trade on exchanges are often correlated to the price of Bitcoin. This is a tricky situation. Very few tokens from ICOs have any dependence on the blockchain technology

18 days ago

NavCoin has an entire ecosystem where community members can ...

NavCoin has an entire ecosystem where community members can be rewarded for their contribution by the… https://t.co/hR0jlKgWcH

19 days ago

What does it mean to be a contributor to NavCoin? A common m...

What does it mean to be a contributor to NavCoin? A common misconception about contributing to NavCoin is that you… https://t.co/TMPE9BFl6S

19 days ago

The amount of $NAV being added to the Community Fund has now...

The amount of $NAV being added to the Community Fund has now doubled to 0.5 NAV per block. That's up to 500k NAV pe… https://t.co/kyIWSqX13X

20 days ago

NavCoin has now joined the Blockfolio Signal beta! Sign up t...

NavCoin has now joined the Blockfolio Signal beta! Sign up to @blockfolio for real-time, exclusive #NavCoin Core de… https://t.co/8D1jlt0FtU

20 days ago

The worlds first fully-decentralized Community Fund is live ...

The worlds first fully-decentralized Community Fund is live and ready to go! With over 97,000 NAV in the fund, you… https://t.co/MgJ382kLoT

22 days ago

The wait is over! The NavCoin Community Fund is now live! ...

The wait is over! The NavCoin Community Fund is now live! Now nothing can stop you from submitting proposals to g… https://t.co/fyvljKqwAa

23 days ago

Forbes ’30-Under-30′ Breeds New Crypto and Blockchain Influencers

CoinSpeaker Forbes ’30-Under-30′ Breeds New Crypto and Blockchain Influencers Everything old becomes new again with new Forbes list that is chronicling the best entrepreneurs across the United States and Canada. From bailing people out of jail to new payment technologies, young innovators are seriously shaking up some of the world’s hard-core industries but also FinTech sector with its niches like Blockchain or Cryptocurrency. Nader Al-Naji (26) In April, 26 years old Nader Al-Naji, has raised $133 million from the companies like GV (formerly Google Ventures), Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz, and Sky9 Capital in order to create a cryptocurrency. His cryptocurrency Basis, tend to use blockchain technology to replace central banks in countries suffering from currency volatility. This Syrian-Lebanese’s immigrant began with a bitcoin mining rig he built in his Princeton dorm. He even quit his job at Google in order to work on his cryptocurrency, which has a stable value determined algorithmically. In theory, that will make it more useful as a currency, and not just a vehicle for speculation. After he saw how volatile Bitcoin was he decided to create a digital currency that didn’t wildly fluctuate in value that much. He posted an early whitepaper for the currency in 2017, describing it as a “stable cryptocurrency” that will maintain a relatively fixed value, so that it can be used to make purchases. Unlike the stable token Tether, which has a steady value that’s tied to the US dollar, the value of Basis is controlled algorithmically, on the blockchain. When he started mining, back in 2013, he mined 22 bitcoins. When asked what did he do with it, he says: “I’m still HODLing” The use of this cryptocurrency acronym that stands for “hold on for dear life,” means that at the time of writing, 22 bitcoins are valued at around $138,000. Olaoluwa Osuntokun (25) Lightning Labs cofounder Olaoluwa Osuntokun, 25, got to raise $2.5 million to increase the speed of transactions on the bitcoin blockchain, making it a more viable system for small, Venmo-like transactions making them more cost effective. An immigrant from Nigeria, Osuntokun is a frequent contributor to the underlying bitcoin protocol. The Lightning Network is a network duplex micropayment channels that are enabling near-infinite scalability for digital payments based on Bitcoin. Bitcoin transactions are no longer used directly to transfer bitcoins from a sender to a recipient, instead they are used to setup micropayment channels and handle conflict resolution. JB Rubinovitz (26) Machine-learning engineer JB Rubinovitz, 26, cofounded Bail Bloc to create a blockchain-based system in which mined cryptocurrency can be used to pay for bail for those who can’t afford it. Bail Bloc allocates a small percentage of the operating device’s excess computing power to mine cryptocurrency. Bail Bloc mines Monero, a relatively energy-efficient cryptocurrency, and transfers the rewards it collects to a central pool, which is converted to US dollars and donated to The Bronx Freedom Fund. To accumulate cryptocurrencies such as Monero, users must “mine” it using a computer’s processor. Once installed on a user’s computer, Bail Bloc uses a small amount of the computer’s power to mine for Monero in the background, so daily use of the computer is unaffected. Hunter Horsley (28) Hunter Horsley, 28, CEO of Bitwise Asset Management, is trying to build the Vanguard of cryptocurrencies. Bitwise’s four cryptocurrency indices are currently used by over 600 multifamily offices. Last year his company introduced a private index fund that they have been operating on. In July, during the Fast Money conference, he said: “In our experience operating the (investment) vehicle — dealing with the questions around custody, dealing with all the trading partners, striking the NAV (Net Asset Value) daily, audits, tax, hard forks, airdrops (etc.) — we feel that it is possible to effectively operate an index vehicle.” Horsley keep trying to bring attention to the fact that the industry is far from a single-sided coin, saying: “They (investors) think that something promising could come out of public blockchains. A cryptocurrency may emerge that may be really valuable and an index is a way of capturing that. I think that a lot of the focal point around public registered products, like ETFs, has been on Bitcoin because there’s a narrative that Bitcoin is the digital gold.” Forbes vs Blockchain The Forbes 30-Under-30 list is yet another indication of the growing influence of cryptocurrency and blockchain technology as it expands from being a niche area of Fintech into an industrial heavyweight in its own right. Last month, we mentioned that this business media giant, has announced its partnership with Civil, blockchain-based journalism platform. The partnership will make Forbes the first major media organization to commit to regularly publishing content to the blockchain.

24 days ago

Government regulation and the future of privacy coins

In recent times, governments around the world have charted a new course for cryptocurrency regulation, and it’s one that seeks to exclude privacy coins. Moving away from the complete banning of digital currencies, these governments are tackling two core issues: protecting investors and traders, and making sure that cryptocurrencies avoid becoming breeding grounds for criminals. This trend has sparked many regulatory requirements, from anti-money laundering rules to KYCs. But as these governments intensify their regulations, we must ask ourselves what is the future of privacy-focused cryptocurrencies geared toward maintaining user privacy to the core? Anonymous Coins: Living Up to Their Names In its developmental stages, Bitcoin had earned a name as a cryptocurrency that provides complete anonymity to its users, drawing many privacy lovers to it. Today, that notion has changed completely. Though it might not be possible to trace transactions made on the Bitcoin blockchain to a specific identity, other details, including location and amount of transactions, are visible. And the fact that linking your identity to the blockchain will expose your transactions to the public ledger shows that, after all, the world’s largest and most popular cryptocurrency isn’t completely anonymous. In turn, privacy-focused coins have come to save the day. Beginning its journey in 2014 as Xcoin and later Darkcoin, Dash is one of the most popular privacy-focused coins in the cryptosphere. Its privacy feature PrivateSend, previously called Darksend relies on the CoinJoin mechanism of boxing-up transactions and making them difficult to identify participants of a particular transaction Another popular coin is Monero. Developed through the CryptoNight Proof of Work protocol, Monero has risen to be one of the best privacy coins in existence today. Transaction sources and destinations are untraceable in Monero. For example, to escape scrutiny from authorities, the WannaCry ransomware hackers reportedly converted their hoard to Monero. Additionally, after the closure of the darknet marketplace AlphaBay, authorities reported that they could not identify the amount of Monero on the platform, cementing the coin as a good place not just for privacy-oriented individuals, but as a hiding place for some criminals. Other privacy coins have sprung up and gained popularity as well, including Zcash, PIVX, Navcoin, Verge, among others. For proponents of the privacy coin, cryptocurrencies should be able to help privacy-oriented people conduct their financial transactions without prying eyes. Providing that infrastructure shouldn’t be a headache. But unfortunately for many, governments do not think so. Government Crackdown on Privacy Coins Though there has not been a comprehensive regulatory oversight on cryptocurrencies in general, many governments are devising ways of preventing criminals from using these digital currencies as their go-to financial system. These governments are also making sure that traders and investors in this space pay tax. But for privacy coins, the story is not that favorable even though many authorities haven’t turned their attention to the anon coin sector. In a written testimony in June this year, Deputy Assistant Director of Office of Investigations at the US Secret Service Robert Novy recommended that privacy-focused cryptocurrencies like Monero and Zcash should be regulated to prevent fraud. In May, Japan’s Financial Services Agency put pressure on anonymous cryptocurrencies, gingering crypto exchanges like Coincheck, a Japanese-based cryptocurrency exchange to announce its delisting of privacy coins, including the likes of Augur, Monero, Dash, and ZCash. The reason? Coins that grant a high level of anonymity might be used for money laundering activities according to the FSA. But can Privacy-Focused Coins be Stopped by Governments? Government regulation would surely hamper the growth of privacy coins, but not completely. One specific area that would be hard hit is the ability to exchange these coins for fiat or other cryptocurrencies. However, as the cryptocurrency space grows, privacy would be an integral part of this sector, and privacy coins might potentially rule that space. As Chief Marketing Officer for Dash Fernando Gutierrez puts it, There are many legitimate reasons to want privacy in the cryptocurrency space and there is the obvious consideration about privacy being a human right but then there is the huge issue of security. Having financial information public or semi-public is extremely dangerous. The only way to provide security for the average user is to allow them to keep some information private. When cryptocurrencies find their way into the mainstream and become a true internet money as many predict, privacy coins would be the order of the day for people who don’t want to have a public ledger of their everyday transactions. When the time comes, governments might have to comply themselves and find

25 days ago

Now with up to 500,000 NAV accumulating in the fund each yea...

Now with up to 500,000 NAV accumulating in the fund each year - it’s the perfect time for you to get involved and c… https://t.co/rxr3kUgePJ

25 days ago

Government Regulation and the Future of Privacy-Focused Cryptocurrencies

In recent times, governments around the world have charted a new course for cryptocurrency regulation, and it’s one that seeks to exclude privacy-focused cryptocurrency. Moving away from the complete banning of digital currencies, these governments are tackling two core issues: protecting investors and traders, and making sure that cryptocurrencies avoid becoming breeding grounds for criminals. This trend has sparked many regulatory requirements, from anti-money laundering rules to KYCs. But as these governments intensify their regulations, we must ask ourselves what is the future of privacy-focused cryptocurrencies geared toward maintaining user privacy to the core? Anonymous Coins: Living Up to Their Names In its developmental stages, Bitcoin had earned a name as a cryptocurrency that provides complete anonymity to its users, drawing many privacy lovers to it. Today, that notion has changed completely. Though it might not be possible to trace transactions made on the Bitcoin blockchain to a specific identity, other details, including location and amount of transactions, are visible. And the fact that linking your identity to the blockchain will expose your transactions to the public ledger shows that, after all, the world’s largest and most popular cryptocurrency isn’t completely anonymous. In turn, privacy coins have come to save the day. Beginning its journey in 2014 as Xcoin and later Darkcoin, Dash is one of the most popular privacy-focused coins in the cryptosphere. Its privacy feature PrivateSend, previously called Darksend relies on the CoinJoin mechanism of boxing-up transactions and making them difficult to identify participants of a particular transaction Another popular privacy coin is Monero. Developed through the CryptoNight Proof of Work protocol, Monero has risen to be one of the best privacy coins in existence today. Transaction sources and destinations are untraceable in Monero. For example, to escape scrutiny from authorities, the WannaCry ransomware hackers reportedly converted their hoard to Monero. Additionally, after the closure of the darknet marketplace AlphaBay, authorities reported that they could not identify the amount of Monero on the platform, cementing the privacy coin as a good place not just for privacy-oriented individuals, but as a hiding place for some criminals. Other privacy coins have sprung up and gained popularity as well, including Zcash, PIVX, Navcoin, Verge, among others. For proponents of the privacy coin, cryptocurrencies should be able to help privacy-oriented people conduct their financial transactions without prying eyes. Providing that infrastructure shouldn’t be a headache. But unfortunately for many, governments do not think so. Government Crackdown on Privacy Coins Though there has not been a comprehensive regulatory oversight on cryptocurrencies in general, many governments are devising ways of preventing criminals from using these digital currencies as their go-to financial system. These governments are also making sure that traders and investors in this space pay tax. But for privacy coins, the story is not that favorable even though many authorities haven’t turned their attention to the anon coin sector. In a written testimony in June this year, Deputy Assistant Director of Office of Investigations at the US Secret Service Robert Novy recommended that privacy-focused cryptocurrencies like Monero and Zcash should be regulated to prevent fraud. In May, Japan’s Financial Services Agency put pressure on anonymous cryptocurrencies, gingering crypto exchanges like Coincheck, a Japanese-based cryptocurrency exchange to announce its delisting of privacy coins, including the likes of Augur, Monero, Dash, and ZCash. The reason? Coins that grant a high level of anonymity might be used for money laundering activities according to the FSA. But can Privacy-Focused Coins be Stopped by Governments? Government regulation would surely hamper the growth of privacy coins, but not completely. One specific area that would be hard hit is the ability to exchange these coins for fiat or other cryptocurrencies. However, as the cryptocurrency space grows, privacy would be an integral part of this sector, and privacy coins might potentially rule that space. As Chief Marketing Officer for Dash Fernando Gutierrez puts it, There are many legitimate reasons to want privacy in the cryptocurrency space and there is the obvious consideration about privacy being a human right but then there is the huge issue of security. Having financial information public or semi-public is extremely dangerous. The only way to provide security for the average user is to allow them to keep some information private. When cryptocurrencies find their way into the mainstream and become a true internet money as many predict, privacy coins would be the order of the day for people who don’t want to have a public ledger of their everyday transactions. When the time comes, governments might have to co

a month ago

@Random_Byte @BittrexExchange All known economic nodes have ...

@Random_Byte @BittrexExchange All known economic nodes have been notified and should already be running NavCoin Cor… https://t.co/OyaUpvRlo7

a month ago

NPIP005 has reached consensus meaning the amount of NAV cont...

NPIP005 has reached consensus meaning the amount of NAV contributed to the Community Fund has doubled to 0.5 NAV pe… https://t.co/N9L1n6KWM5

a month ago

With the release of the 4.4.0 wallet, the NavCoin Community ...

With the release of the 4.4.0 wallet, the NavCoin Community Fund soft-fork will lock in once it has reached a 75% n… https://t.co/faoSPXIMM5

a month ago

With 250,000 NAV accumulating in the fund each year - it’s t...

With 250,000 NAV accumulating in the fund each year - it’s the perfect time for you to get involved and contribute… https://t.co/BvDwIUqTZk

a month ago

NavCoin 4.4.0 is now ready for you to download. It’s most ex...

NavCoin 4.4.0 is now ready for you to download. It’s most exciting feature is the new #NavCoin #CommunityFund. Now… https://t.co/a4XERYIOMJ

a month ago

NulleX (NLX) Monthly Development Update for October

NulleX is a privacy centric cryptocurrency powered by the Null Protocol. The North American project was first launched in 2016 under the name GPUCoin, later rebranding to NulleX in April of 2018. Currently, the Null Network features NAV (Null Array Verification) Masternodes, which let you stake your NLX. The below is an update on what the team behind NulleX has been working on in the month of October. Linda Project My staking Wallet In October we saw NulleX and Linda entering into a partnership, the NulleX cryptocurrency will therefore be available on Linda’s Android and iOS wallets. NulleX NAVs Masternodes will also be available also via Linda’s platform. GINCoin Masternodes NulleX gained Masternodes listing on GINCoin platform Satoshis Solutions Masternodes NulleX gained Masternodes listing on Satoshis Solutions platform. NullTX - NulleX Partnership NullTX and NulleX cryptocurrency announced a partnership. NullTX’s founder Marat Arguinbaev, will also be joining the NulleX team as a media advisor, officially supporting the project. Beginning November of 2018 NullTX will also start accepting NLX as payment for various ad packages. As an incentive, advertisers will receive a discount for paying with NLX. Dynamic Masternodes Rewards System (DMRS) NulleX is proud to be the first cryptocurrency to implement the DMRS program which will run each quarter. The reward system will be based on the previous quarter’s average trading price performance. The rewards will range between 15% and 50% ROI annually. Here is an example of the price/rewards scheme. At the end of each quarter the NulleX Core Team will discuss among NAVs holders the upcoming quarterly program: Up to $0.03 rewards will be at 50% annual ROI From $0.03 to $0.06 rewards will be at 40% annual ROI From $0.06 to $0.12 rewards will be at 30% annual ROI From $0.12 to $0.25 rewards will be at 25% annual ROI From $0.25 to $0.50 rewards will be at 20% annual ROI From $0.50 and above rewards will be at 15% annual ROI The DMRS program will start officially from block #186000 Social Media The NulleX YouTube channel added the video guide “How to go from your bank to NulleX”: Upcoming/Outstanding tasks Tech Developments: In Q4 we will see NulleX testing Zerocoin on the testnet, in order to develop the privacy features that are so relevant to the NulleX project. In-wallet budget/proposals requests to be enabled. Social Media: More YouTube video guides to be uploaded, such as ‘How to run your NAVs on Linda Platform’. Also monthly updates, will be available via our YouTube channel. More Masternode Listings: We are working towards gaining listing on masternodes.online in order to gain more exposure. Crypto Asset Manager: The development of the ‘Crypto Asset Manager’ is progressing successfully and we should be able to see some functions in beta testing towards of the year. More updates to follow... Use Case/Partnerships: NulleX is currently in talks with an organization that would make use of NulleX’s technology, for data protection and financial administration. Further updates on this will be released closer to Q1 2019. There is currently an NDA agreement between both parties. The post NulleX (NLX) Monthly Development Update for October appeared first on NullTX.

a month ago

Voting is underway! If you're in support of the NavCoin Comm...

Voting is underway! If you're in support of the NavCoin Community Fund then download your new NavCoin Core 4.4.0 wa… https://t.co/8QlrmLO8Jj

a month ago

Craig MacGregor is indeed the co-founder of NavCoin, perhaps...

Craig MacGregor is indeed the co-founder of NavCoin, perhaps you should take his advice and stop proliferating HYIP… https://t.co/a2WBaVAm5G

a month ago

Show your support for the NavCoin Community Fund by download...

Show your support for the NavCoin Community Fund by downloading your new NavCoin Core 4.4.0 wallet now. Once 75% of… https://t.co/mu1NWiNkGB

a month ago

NavCoin 4.4.0 is ready to go! This latest version will allow...

NavCoin 4.4.0 is ready to go! This latest version will allow for the activation of the much anticipated #NavCoin… https://t.co/zEbjDjQ8M2

a month ago

Interesting Privacy Cryptocurrencies to Use in 2018

Privacy Cryptocurrencies are becoming quite popular given the emergence of user’s understanding of privacy to information, transactions, and data. A lot of cryptocurrencies claim to be anonymous and untraceable when in fact public records are left behind sharing previous transactions, along with balances of cryptocurrencies in the transactor’s wallet. Privacy Cryptocurrencies are a segment of cryptocurrencies which offer anonymity at a much higher level than other Cryptocurrencies. Zerocrypted lists 5 of the best Cryptocurrencies in 2018 which will help a user transact anonymously. Each of the 5 have distinct characteristics which help different type of transactions and users. Monero (XMR) Monero is the most known and stable privacy coin given its experience it holds since it was created way back in 2014. Monero’s anonymity is strong by ensuring it is entirely anonymous within the blockchain. It utilizes ring signatures to make it impossible to track transactions to a particular user as it employs a group of signers. Monero’s Ring Confidential Transactions (RingCT) uses cryptography to show input and output are equal so that the actual transaction figures are not revealed. The stealth addresses are unique for each transaction thus tracking the address is of no use as it is disposed of and created new for a new transaction by the same user. Monero has established to be used to purchase various goods and services. For example, Monero is used by CoinPayments which is a payment gateway for multiple cryptocurrencies. It allows Monero along with significant cryptocurrencies such as Bitcoin and Ethereum to be used for online purchases of any products. Monero has also tied up with a lot of companies to create Project Coral Reef. This way, Monero proves its useful for merchandise shopping and breaking the myths that its only use-case its on the dark web. ZCash (ZEC) Zcash made a noise in 2016 with influential personalities in the cryptocurrency space backing the privacy coin. It utilizes the Zerocoin protocol and zero-knowledge proof cryptography called zero-knowledge Succinct Non-Interactive Argument of Knowledge proofs (zk-SNARKs). Zcash’s technology zk-SNARKs allows users to encrypt data stored on the network. The only issue with this coin is the 20% miner’s tax that goes back to the Zcash team which the cryptocurrency community thinks is quite a hefty commission. Zcash’s technology is well appreciated, with the likes of financial powerhouses like JPMorgan (JPM) opting the use of the technology for Quorum. Quorum is a project by JPMorgan (JPM) that deals with an enterprise-ready distributed ledger, and smart contract platform. The creator of Ethereum, Vitalik Buterin has praised zk-SNARKs technology and called Zcash cool. According to Buterin, Zcash can help Ethereum scale to 500 transactions per second from the present 15 transactions per second. Dash (DASH) Dash is one of the oldest privacy coins, dating back to 2014. It’s known for its speed of transaction and low cost. Dash follows the decentralized model quite extravagantly being an autonomous decentralized organization (DAO). The masternode users of Dash vote on how the DAO’s funds are used. A method called CoinJoin is used to make the transactions private as possible. This method joins transactions together making it impossible to trace the parties involved.Unlike Monero, Dash doesn’t have a cutting edge privacy. But what makes it special is the implementation of the hybrid PoW/ PoS operational and governance structure alongside with the team efforts to become the ‘Digital Cash’. The most interesting thing about DASH is the fact that it was the first cryptocurrency to use masternodes. From an investing point of view, masternodes earn 45% of the block reward for every block. The approximate ROI someone would get now by creating a masternode for DASH would be a 6.90% annually. Dash’s credibility has made it public for online betting with sites such as DashBets along with buying expensive products and jewelry from Huxworth. It has even broadened into purchasing precious metals through websites such as Goldmoney. PIVX (PIVX) PIVX stands for Private Instant Verified Transaction which is a privacy-focused digital currency that is open source. It was launched in 2016 and it uses a Proof of Stake consensus with high regard to its community. The added benefit of users earning passive income through holding and staking the coins has made it an interesting model for privacy coin lovers. No wonder it surged to 54,118.75% after rebranding efforts. The debate about fungibility is argued with PIVX being the first in the line of Zerocoin protocol making it genuinely fungible. Fungibility in cryptocurrency is the fact of a coin being able to be traced back to where it came from or no. Fungibility can be argued as an essential factor in the privacy debate for cryptocurrencies. With PIVX having many followers worldwide, the way it has been exposed for usage is uniq

a month ago

NavCoin news is now live at Delta Direct on @get_delta. Sear...

NavCoin news is now live at Delta Direct on @get_delta. Search ‘Delta Crypto Portfolio Tracker’ in your app store o… https://t.co/Ll3hw5vAYt

2 months ago

How to Monetize Your Talents in Crypto

Although, many people have heard about how profitable the blockchain and crypto industry can be. One of such news spread like wildfire when bitcoin hit the peak price of $20,000 in 2017. However, only few people actually have more than a general knowledge about cryptos and how to make money through them. A lot of people don’t know that blockchain and crypto spheres go beyond just what they see and hear every day. This is the exact reason why you should start your earning through cryptocurrencies and blockchain. As usual, we have done the “digging” for you. So, here are 12 ways through which you can monetize your talents in Crypto and Blockchain spheres. Crypto-Trading Like exchanging currencies like or even precious stones and gold, cryptocurrencies can also be exchanged. However, exchanging cryptocurrency requires consistency because, although profitable, it can be very dangerous regardless of the stage you use to exchange. If you don’t want to trade by yourself, you can put your resources into exchanging firms which speculate on digital currency and are similar to stock-broking firms. An example of such firm is USI-Tech. They can help you make profitable exchange transactions. Although, you have to be very careful because there are many fake exchanging organizations, and you have to be careful not to buy into any of them. Affiliate Marketing and Cryptocurrencies Some companies will compensate you with cryptocurrencies for advancing their products and services. For example, Miners entryway can pay up to 0.75% to referrers and HashCoins pay 10% upwards of income gotten from clients you invite. Exchange your services for cryptocurrencies If you’re a writer, developer, designer, etc. you can start earning cryptocurrencies by exchanging your services for cryptocurrencies. Platforms such as XBTFreelancer, Coinality, bitWAGE, Coinworker can pay you Bitcoin, Ethereum, Monero or Litecoin in exchange for your skills or talents. Some cryptocurrency communities will even give you bounties if you help them out as a contributor. Arbitrage Buy low and sell high. Different exchange companies have different prices. You can take advantage by buying cryptocurrency from an exchange company at a low price and sell it at a higher price to another exchange company. Trading with bots There are free and paid bots, but undeniably, you can do automated trading with these bots. However, you should check if the trading bot will be profitable to you and if its real before you invest your money on it. Staking You can earn crypto dividends for connecting to a blockchain network as a reward for securing and making the network more decentralized. It is basically a price appreciation reward for holding cryptocoins such as Neblio and NAV coin in a live wallet such as Neo, Pivx or OKCash. Blogging Many people out there are making money writing and blogging on sites such as Y’alls and Steemit. On these sites, you get paid based on the value of your content, that is, if your content is liked by readers or if you monetize your written content by restricting full access for readers. If you are talented in the IT sphere, and you want to help others know more about Bitcoins, blockchain and crypto, this is your best shot. Buy and Hold Cryptos You can buy cryptocurrencies and hold them for some time till they appreciate and obtain a fair market share against currencies like Dollars and Pounds. You can also buy and hold cryptocurrencies such as Neo, KuCoin and CEFS that pay you dividends even without staking. Microtasks You can do microtasks in exchange for cryptocurrency on sites like Bituro and Coinbucks. Most times, the tasks aren’t complicated and if you have some time, you can download new applications for testing, watch videos and do online surveys in exchange for cryptocurrencies. Mining Cryptos Mining is the process used to create coins by solving mathematical calculations on high-end computers or devices. It is actually the traditional method of earning cryptocurrency. This is another good way to monetize your talents in Crypto, however, you have to make some initial investment of buying mining equipment (ASIC or GPU-Mining equipment) and you need access to cheap electricity to run mining equipment and the technical knowledge for the hardware and software involved in mining. You may not want to go into mining yourself but you can sell your technical knowledge of mining and the management and maintenance of its hardware and equipment. You can also try disk-space mining. This type of mining is done using empty spaces of hard drives. Work at a cryptocurrency-related company If you have the right skills, many companies, organizations and even individuals will pay you for working on cryptocurrency-related projects. They can reward you with cryptocurrencies or regular fiat currency or bounties. Start your own cryptocurrency-related project A word of warning first, although, you can make money doing this, you should not jus

2 months ago

NavCoin now has #OpenAlias available throughout it's entire ...

NavCoin now has #OpenAlias available throughout it's entire wallet ecosystem. #NavCore Core, #NavPay, #NavCoinNext… https://t.co/1H2kasDH3K

2 months ago

@ck_austria Hello. Exchanges are planned for the 17th. We'll...

@ck_austria Hello. Exchanges are planned for the 17th. We'll push updates to the website regarding NAV before that… https://t.co/Rdsp0puByi

3 months ago

I'll give away 5 PIVX for free

Allright. I'm happy to announce that my portfolio now contains 50% PIVX. I made a promise to give 5 PIVs to the one person that got me convinced into buying this much. I did alot of research myself before getting this deep though and I've learned a ton of stuff just the last couple of days about things like zk-proofs, masternodes, etc, but I cannot pick any single person to win this bounty.. Therefore this is what I will do; I will give away 5 PIV to a random address I see under this topic, once it reach 50 up-votes, if that ever happens :) Disclaimer: I reserve my right to disqualify any replies from users that does not have some sort of posting-history on reddit. Edit1: Of course you'll get some freshly minted zPIV ;) Edit2: Make sure you create a new address when sharing it publicly like this. There are more benefits to staying private than most people realises. Edit3: It's getting close... I keep seeing the votes going up and down in the med 40's but as soon as I see 50+ I'll generate a random number between 1 and numberOfComments Edit4: The winner is number 34, laustcozz. Here is proof that I actually sent something; TX ID: fcc576b14641c9d7206df72f2d0d664666fe6fd68dc8b91d5c1290a7fa07b29f Hopefully you trust me that it's not anyone I know ;) Thanks everybody for participating and thanks for all the welcoming words. This was a fun way of starting my adventure with PIVX. I still have a lot to learn, but my investment strategy is somewhat different from others. I buy into it so heavily that it would just be foolish not to learn everything that I could possible learn about the coin. A little bit like I would play poker. Aggressive but with full focus on where the game is heading. Sometimes it ends up like with NAV that I throw my hand away before even seeing a flop. Hopefully PIVX is good enough to play until showdown, if you catch my poker terms. Don't get me wrong. I still think NAV is pretty solid but they are to soft and passive. They don't have the drive or vision to take it up to even 1/10 of where PIVX could go. Hopefully I'm right :)...

10 months ago


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