Nexus NXS

Market Cap $ 18.692 MM (#153)
24h Volume $ 138.117 K
Chg. 24h: 3.67%
Algo. score 3.3/5  (#300)
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Nexus News

The 4 Biggest Darknet Scandals Where Millions in Crypto Were Seized

Digital currencies such as Bitcoin, Monero, or Litecoin are often hailed as the fuel that sustains darknet marketplaces. Understandably so! Long before grabbing mainstream media’s attention as a mysterious and high-tech investment option with rich potential, Bitcoin’s popularity was by and large confined to just a few small niche groups. Mostly tech-nerds, a small number of academics, and criminals operating from the shadows of the darknet were invested in the asset back then. These were the early spotters of Bitcoin’s application as a viable financial tool. While the geek community was obviously drooling over the future potential of Satoshi Nakamoto’s creation, the shady guys were charmed by Bitcoin’s ability to allow anonymous transactions that couldn’t be easily traced and seized by law-enforcement agencies. The relationship between the two ecosystems is stronger today more than ever with cryptocurrencies worth billions of dollars changing hands via darknet markets every year. As a result, almost every darknet bust is usually followed by investigative agencies seizing hefty crypto stashes. The following is a rundown of some of the biggest darknet busts that underline the unholy nexus between crypto and illegal darknet markets. 1. Op Bayonet: AlphaBay Shutdown and Arrests By the time the curtain was pulled on AlphaBay in July 2017, it had more than 369,000 listings, 400,000 users, and an estimated daily transaction of $600,000 to $800,000. Alexandre Cazes, the alleged founder of the site, was nabbed in Thailand and was due to face extradition to the United States before he committed suicide while still in the custody of Thailand’s Narcotics Suppression Bureau headquarters. Per the Forfeiture Complaint filed in the Eastern California District Court: “AlphaBay only allowed its users to transact in digital currencies, such as Bitcoin, Monero, and Ethereum, but Bitcoin was the preferred digital currency for AlphaBay users.” The authorities seized 1,605.05 Bitcoin, 8,309.28 Ethereum, 3,692 ZCash, and some Monero. In total, assets worth more than $23 million were seized from Cazes, a Canadian citizen born on Oct 19, 1991. The downfall of AlphaBay, and the subsequent arrest of its founder was attributed to a series of amateur mistakes including online privacy and security blunders, and Cazes’ flashy lifestyle. 2. America’s First Nationwide Undercover Operation Targeting Darknet Vendors The U.S. Department of Justice (DoJ) announced June 26, 2018, that 35 darknet vendors had been arrested in a nationwide operation participated by at least five federal agencies. The DoJ further revealed that the undercover operation culminated in the agencies seizing huge volumes of narcotics, firearms, and assets worth millions. Among the seized valuables were cash and gold bars worth $3 million; thousands of Bitcoins and other cryptocurrencies valued at over $22 million at the time of the crackdown; and an undisclosed number of Bitcoin mining devices. 3. Op Onymous: The Shutdown of Silk Road If you are familiar with the darknet, you have probably heard of Silk Road. It was the first modern marketplace on the darknet and a haven for all sorts of illegal goods and services including drugs and weapons. Silk Road’s founder Ross Ulbricht was arrested on Oct 2, 2013, and was charged with computer hacking, money laundering, and narcotics trafficking. The investigative agencies found that Ulbricht was also conspiring to have six people assassinated who he thought was causing harm to Silk Road. Ulbricht is currently serving life imprisonment without any chance of parole. Amount of cryptos seized during the Silk Road crackdown was staggering. The FBI initially got hold of about 26,000 Bitcoins, but by the end of October, that number went all the way up to 144,000 Bitcoins. That’s $5 billion worth Bitcoin in today’s valuation. However, back at the time of the crackdown, Bitcoin price was marginal compared to that of today — hovering somewhere around the $100 - $200. 4. When Dutch Police Pretended to be the Operators of Hansa Market The arrest of the Hansa Market operators and the subsequent shutdown of the site was significant considering it happened shortly after AlphaBay had been knocked out of the game. Hansa, not quite as large as AlphaBay in terms of traffic or revenue, saw a steady influx of new users after the latter’s sudden shutdown. In fact, Hansa was coined as a possible successor to the throne left behind AlphaBay in the elusive online drug trade. However, the Dutch police had other plans, having traced the site’s servers to a hosting company in Lithuania. After German law enforcement nabbed the site’s two administrators — both German nationals — in June 2017, the Dutch cops sprung into action by assuming full control over Hansa’s backend. They didn’t immediately shut down the site and continued monitoring activities of buyers and vendors for nearly a month in an attempt to gather further evidence and intelligence. More than 1

16 days ago

Cloudbet Serves Up Live Tennis With Sportradar Streaming Deal

Crypto’s not dead, streaming is live at Cloudbet for the final stages of the 2019 Australian Open and beyond. The leading bitcoin sportsbook is launching live-streaming of tennis and other major sporting events on its platform, following a deal announced today with global sports data service Sportradar . In the first of a series of sportsbook-focused updates planned for 2019, Cloudbet customers can now stream ATP events from Grand Slams to ATP Challenger matches, NBA, and major league soccer from the comfort of their own homes. Every nail-biting tie-break, break-away and goal-mouth scramble will add to the experience of bitcoin betting with some of the best odds and highest bitcoin limits available online. To view available streams, customers just need to have an account funded with the minimum amount to place a bet or to have already placed a bet on the event - open a Cloudbet account here . And given that Cloudbet accepts some of the lowest minimum deposits and bets, this option will be available to virtually all customers. The minimum amount varies by match but in most cases is just 0.0001 BTC or 0.0007 BCH. A Cloudbet spokesperson said: “The addition of live streaming marks another leap forward for Cloudbet’s bitcoin sportsbook. Our customers already have a huge choice of live events, with great odds and high limits - and they can now watch the action live. In the coming months, even more sports will be added to watch live, straight from the Cloudbet site.” Dylan Chuan, Director Media Rights, APAC for Sportradar said, “We are very happy to partner with Cloudbet on our Live Channel Online product that combines data and live streaming. I am sure the high profile sports properties like the Australian Open and NBA will prove attractive for their customers.” Customers can find available matches by logging in to their Cloudbet account. Note that some geographical exclusions apply. Full details of the exciting new feature can be found in Cloudbet’s bitcoin gambling blog . ————————— About Cloudbet Established in 2013, Cloudbet is the world’s leading bitcoin sportsbook and bitcoin casino platform, fully licensed and regulated with satisfied customers in over 100 countries. Cloudbet offers exceptional value odds and unrivalled bitcoin betting limits, while new customers also receive a generous 100% deposit bonus up to 5BTC/BCH. Follow this link to visit the Cloudbet website: w For more information contact: p Follow us on Twitter for latest news and promotions: @Cloudbet About Sportradar Sportradar is the leading global provider of sports data intelligence. The nexus between sports and entertainment, the company serves leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1,000 companies in over 80 countries and serves as the official partner of the NBA, NFL, NHL and NASCAR as well as FIFA and UEFA. It is also the only provider entrusted to work with the US sports leagues in an official capacity to distribute sports data (NBA and NHL) and AV rights (MLB) around the world for betting purposes. The company monitors and delivers insights from more than 400,000 matches annually across 60 sports categories, having developed the industry’s most proficient software while setting new standards for speed and accuracy. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven ecosystem that is fair to partners, players and fans. The post Cloudbet Serves Up Live Tennis With Sportradar Streaming Deal appeared first on ZyCrypto.

a month ago

5 Signs From CES 2019 That Crypto Is Ready for the Mainstream

If you have doubts about the future of crypto, look no further than Las Vegas. The Consumer Technology Association’s CES is the biggest trade show in the world and the biggest event hosted in Las Vegas every year. Over 2.7 million net square feet of exhibit floor space is set aside for over 182,000 tech industry professionals to learn the latest trends in consumer technology. I drove to Las Vegas with a small production team to catch up with the blockchain and cryptocurrency developments at CES 2019. As the winter rolled on (registration was last fall), it became clear through the programming and exhibitors that crypto is a force to be reckoned with this year. Here’s a quick breakdown of the crypto and blockchain highlights from CES 2019 in Las Vegas. 1. Cryptocurrency Hardware Wallets Are Legit Tech Wallets and exchanges shined throughout CES, with Ledger and Trezor both showing off their offerings. Both are available at major retailers and could be expanding their presence in the market in 2019. Ledger introduced the Nano X, which is a Bluetooth-enabled hardware wallet and a step up from its popular Nano S, which sold over 1.5 million units as of the end of 2018. The Nano X can hold up to 100 crypto assets, six times more than the previous version. Ledger is also launching the Ledger Live mobile app that supports Nano S and Nano X users. Meanwhile, I got a hold of a Trezor Model T and bought some Bitcoin to get started in cryptocurrency investing myself. My 2019 resolution is to invest $100 in a new altcoin every month this year. I’ll work on comparing wallets more once I do. Kevin Love from Bundil, the Shark Tank-funded crypto investment app, was also on hand discussing the benefits of crypto investing. 2. Retailers Are Crypto-Curious Retail’s biggest pushback against accepting crypto as payment is volatile pricing, but they’re not necessarily against blockchain technology. CES 2019 had a range of informative sessions throughout the week to demystify crypto for merchants. During “The Great Crypto Debate”, MakerDAO (MKR) President Steven Becker and Bitcoin Foundation’s Brock Pierce participated in a roundtable discussion about the viability of crypto as both currency and technology. And Pundi X(NPXS) hit CES in a big way, showing off its new blockchain-based phone at CES Unveiled. Called “Function X, ” the phone runs on Android 7.0 and the company plans to released 5000 phones to proof the concept before licensing their tech to other manufacturers. If you don’t already know Pundi X, it has point-of-sale devices and a crypto wallet, which, when combined with this phone, creates an end-to-end, blockchain-based connection between retailers and customers. 3. Esports, Media, and Marketing Are Decentralizing Advertising, video games, and media in general are among the leading use-cases of blockchain technology. Tracking creative materials from sounds and images to more complicated work can be frustrating, and it’s hard to know what’s effectively reaching who at the right times. “Blockchain and Advertising: The Possibilities and Realities” paired CTA’s Jack Cutts with Sara Bruno at Arent Fox, MIT Media Lab’s Michael Casey, and Brian Wong from Kiip to discuss how blockchain technology relieves the biggest pain points for ad agencies, including nearly $20 million lost to ad fraud. Casey joined more speakers from Nexus, BTC Inc, and Entertainment AI in another talk on how blockchain is remaking the media and entertainment business. And gaming (especially esports) could be found all over the CES floor, from conferences detailing how developers like Blizzard are adapting to modern digital economies to hardware companies like Nvidia, Razer, and Intel featuring pro gamers at their booths. 4. The Future Is Mobile-First Blockchain is a fundamental technology in the future IoT environment, and CES 2019 made this very clear. IBM’s Jason Kelley and EY’s Louise Keely were among the participants CBS’s Teena Maddox spoke with about cities around the world dipping their toes in blockchain technology. From smart cities to supply chain and operations, blockchain technology is working with IoT to create a mobile-first world. Autonomous cars, flying drones, home entertainment, robot and voice-activated assistants, smart homes, and so much more technology was on display. It’s more clear than ever that we’ll be connected to technology wherever we go. 5. ICOs Are Complicated We cannot possibly say enough about the shift from ICOs to STOs in 2018 and beyond. If you don’t know why, CES 2019 had a surprisingly poignant 90-minute session called “True Confessions: ICOs, Crypto, Tokens and VCs” with Yahoo Finance/USA Today’s Rob Pegoraro discussing the pitfalls of ICOs with people who lived through them. Tim Draper (Tezos), Matthew Roszak (Bloq), and Sam Trautwin (Carbon) were among the people discussing their experiences. Draper has by far the most interesting story, and if you’re not familiar with the Tezos soap opera already, click

a month ago

Nexus (NXS) Prepares to Launch Its Tritium MainNet

The Nexus (NXS) team recently Tweeted out the following message: “Set to release with the #Nexus Tritium Mainnet in January 2019, learn how Nexus' Advanced Contracts and 'Register-based Virtual Machine’ will allow seamless enterprise integration. #SmartContract #enterpriseblockchain.” According to the announcement, “Enterprise adoption is instrumental to blockchain technology becoming mainstream, and Nexus Advanced Contracts are the next step in leading this progression. Tritium will allow developers to access the technology of Advanced Contracts simply through an API set.” (JF)

a month ago

"Importantly, Nexus is also tackling a secondary problem of ...

"Importantly, Nexus is also tackling a secondary problem of network scaling", comments @mikejcasey, via @coindesk.…

2 months ago

More Projects Receive the 'Gold Label' From the Binance Info Project

Binance has released a list of the first thirty projects included on its previously reported ‘Binance Info Gold Label Project. The projects currently included are Tron, Ontology, Aelf, Bluzelle, NULS, Gifto, Cybermiles, Skycoin, Qtum, QLC Chain, NEO, GXChain, H Cash, IOS Token, Nebulas, Quark Chain, Project Pai, Contentos, IoTeX, Wanchain, YOYOW, Digix Global, Nano, Aeron, OST, Enjin, Nexus, Genesis Vision, Verge and Zcoin. The goal of the project is to set standards while promoting transparency and reliable information on legitimate crypto projects. (JF)

3 months ago

Nexus (NXS) Sees Price Pumped as Bitcoin (BTC) Recovered

After the crypto markets took a breather from twice-weekly sell-offs, NXS and other altcoins saw pumps return.

3 months ago

Daily Cryptocurrency News - 15th November 2018

Here are the most important cryptocurrency news of 15th November 2018: Cryptocurrency Markets Falls Down - The Possible Reasons Behind the $25 Billion Decline Yesterday, was a rough day for most of the cryptocurrency hodlers. The market decreased with over $25 Billion in less than 4 hours. The market capitalization reached a minimum of $174.9 billions yesterday at 17:00 UTC+2, according to Coinmarketcap. A lot of people ask themselves though - what caused this instant movement? What was the reason behind it? Most of the people think this had something to do with the future Bitcoin Cash hard fork - as right now, there’s the battle of billionaires - each fighting for power. The Bitcoin cash hard fork will split Bitcoin Cash into two separate cryptocurrencies :Bitcoin ABC - core Bitcoin Cash and Bitcoin SV - Bitcoin Satoshi’s Vision. While this fight is not over yet - this is a sign that the selloff could continue as the two billionaires will fight for supremacy. And why would they crash the Bitcoin? What’s in it for them? Hashing Power. They probably sold their BTC for USD in order to pay for more hashing power so their chain will be recognized as the true ‘Bitcoin Cash’. The bad news is, this had an effect over the entire cryptocurrency market - making people sell their cryptocurrencies and going safe on USDT. But the safety in USDT is not how it looks like. USDT which was supposed to be $1 now sits at a $0.98 value. This market wasn’t bad for Bitmex short traders, as some of them made a small fortune yesterday. Will the selloff continue after the fork? Probably. Bitcoin Cash was created on 1st August 2017. At that moment, it didn’t had a negative impact over Bitcoin’s price. But 2017 was a bull year, when assets went up 100% or more. 2018 is not like that, unfortunately. So after the Bitcoin cash hard fork - we could probably see another drop in price as people will sell their Bitcoin ABC and Bitcoin SV for Bitcoin or USD. Bitcoin’s future - Opinion Tim Draper is one of the persons that the cryptocurrency is familiar with. He claimed that in the next 15 years, crypto market cap will reach the amazing amount of $80 Trillion. This can turn out to be true, or not. There are still a lot of issues in the cryptocurrency space that needs to be resolved. His opinion is based on the fact that crypto will change all the trillion dollar markets : finance, healthcare, insurance, banking and even governments. In addition, cryptocurrencies is probably the highest volatile market that ever was. We saw people became millionaires last year and people losing big amounts of cash this one. Not to mention the $1 billion hacks of 2018. Other people likes to think about good old times. Last year, on 12th November 2017 - the bull run was starting. Bitcoin went from $5,922 to over $19,000 in less than 60 days. While last year on this time people were talking about buying Bitcoin cheap - now people pray to see it above $10,000 again. Could the history repeat and see a Bitcoin bull run until the end of 2018? Most probably. But don’t expect a huge one. We’re not in 2017 when there was no Bitmex or other services offering shorting opportunities. While Bitcoin and other cryptocurrencies had a rough year, its important to understand that the market is fairly new and the volatility can affect your investments. Invest at your own risk, as much as you can afford to lose. Binance Exchange Will Support USDC Deposits Starting November 16th While Tether cannot be trusted as a stable coin anymore, people are relying on other stable cryptocurrencies - such as USDC. Binance decided to offer support for Circle’s own stable cryptocurrency USDC. The cryptocurrency was launched recently, and its already supported by Coinbase, Poloniex, Binance and 9 other cryptocurrency exchanges alongside with 7 cryptocurrency wallets. Binance will support USDC and will start with two trading pairs for it: USDC/BTC and USDC/BNB. The USDC is indeed a fully collateralized USD-backed cryptocurrency, as Tether was supposed to be. The difference is,USDC is a transparent and compliant token backed by USD in a 1:1 ratio. Moreover, Circle claims that they took a lot of measures and precautions to ensure that USDC will not be used for illegal activities. Circle reserves the right to “blacklist” certain USDC addresses and freeze associated USDC (temporarily or permanently) that it determines, in its sole discretion, are associated with illegal activity or activity that otherwise violates the terms of this User Agreement (“Blacklisted Addresses”). In the event that you send USDC to a Blacklisted Address, or receive USDC from a Blacklisted Address, Circle may freeze such USDC and take steps to terminate your USDC Account. The Binance listing will surely affect the volume of USDC - which now have a market cap of $146 million. In addition, people could keep their funds safe by converting them into USD way easier - now that they have two stable coins to chose from. NEO ONE Is Lau

3 months ago

16th The Blockchainer Asia Tour

CoinSpeaker 16th The Blockchainer Asia Tour It was great experience to understand and learn from different blockchain startups all over the world and some of them were so promising with huge potential! Special thanks to MLG, CycleBit, H2-Industries, MovieCoin, Platio, Givit, BaaS. Business, BrikBit, Mobu. You all did a great job! How Active are the Investors in Asia? Compare with the investment market in Shanghai and Beijing, is there any different in South China and South Korea? We together with 4 startups from US, Canada, Sweden and Germany, visited not only crypto funds, but some traditional funds which are still investing in blockchain startups actively in Shenzhen. Thanks supports and sharing from QF Capital, ZB Capital, MBlock Capital, HIMALAYA Capital and Zhizhen Tianlong Investment. Sure thing that more collaboration will be established after the private meetings. We found most of the crypto funds are a little bit quiet and down after several investment tours in Shanghai and Beijing because of the bear market. So that we involved some traditional equity investors as blockchain investment is popular among old moneys in China and South Korea after been beaten a long shot by crypto funds during 2017-2018. And most of them believe blockchain can help them for a breakthrough. Hongkong, China HK is a free port for cryptos and the securities regulator issued some positive policies on Nov. 1,2018, saying it could move to formally regulate exchanges. We together with our partner, Higgs Capital, convened a middle-size roadshow in Hongkong during the tour. We got warm welcome from HK blockchain ppl and special thanks to Mai Capital, BlackHourse Capital, ANX, and DNA Capital, etc. It’s a smart move that Hong Kong has chosen to regulate and let’s grow together with this rising-up market. Seoul, Korea South Korea is now one of the major cryptocurrency markets and ambitious to be the global center of blockchain. It was announced recently that the South Korean government will plans to invest $880 million in blockchain technology systems next year. Investment atmosphere here is active and we got some really good feedback from our capital partners. Special thanks to BlockWater Capital, Nexus One Capital, BCI, BlockchainI, Quantum Ventures Korea, Broad One Capital, InterVest and Quest Capital etc. Korean investors used to prefer exchanges projects, but now they are also showing interests in STO, stable coins, users base projects and so on. Let’s Meet Again in the Popular Crypto City - Seoul After several Asia investment tours, we feel more investment opportunities in Seoul Korea and even some of our Korean partners from traditional equity investment firms told us their new investment plans in blockchain. Bear market, good price and timing for them to start the new business. Don’t miss the great opportunities in early Dec. 2018! We will organize another Seoul Investment Tour and Roadshow in Korea from Dec.2-4th. Let’s explore the capital network in Seoul together! In Blockchain, We Trust! Last but not the least, sincerely appreciate our tour media partners’ great support! Thank you! 16th The Blockchainer Asia Tour

3 months ago

TEMCO: First Supply-Chain Platform to Utilize the Bitcoin Network (RSK), Successfully Secures Funding from Nexus One

Seoul, 5th November - TEMCO the world’s first supply chain platform based on the Bitcoin Network (RSK), has received funding from leading crypto-accelerator “Nexus One”. TEMCO is a decentralized supply chain platform that connects isolated supply chain data and offers business/consumer-side services. On the business side, TEMCO provides companies with the Business Intelligence tool (BI-tool), an analytics tool that helps companies efficiently access and gain insights from data on the blockchain. On the consumer-side, TEMCO is developing applications where consumers can transparently view the product distribution process starting from the manufacturer to the final retail location. Nexus One’s CEO, Sungku Kim, reveals his investment strategy: “When you analyze recent investments, regardless of the contemporary financial climate, institutional funds who invest in valuable companies at an early stage, always come out with a profitable outcome. The Nexus One team is aware of the current bear market climate for the cryptocurrency space. However, we firmly believe in the inherit value of blockchain, which is why we will aggressively support great companies that have great potential, such as TEMCO. When you’re considering investing into a startup, one of the most important features of a company is the core team. The TEMCO team has shown time and time again in successfully executing their product vision with great speed. The massive potential of TEMCO’s business model is only why Nexus One determined full heartily do invest in the TEMCO team.” Co-founder and CEO of TEMCO, Scott Yoon stated “One of the key advantages of working with Nexus One is its prominent position in the Chinese blockchain market. As China is one of the largest markets for blockchain, the TEMCO team is excited that Nexus One is supporting the team. Since early on this year, Nexus One has been supporting more than 15 blockchain projects, such as Insureum, Chromaway, Block Cloud, Multivac, ORBS, etc.” Through connections with global blockchain companies in China, Hong Kong, and Korea, Nexus One invests in companies with great portfolios, supporting them with specialized knowledge on exchanges, media, and community development. Recently, Nexus One was introduced as a top-tier investment company in the “Korean Blockchain Market Report” by “” one of the leading blockchain media publications in China. The post TEMCO: First Supply-Chain Platform to Utilize the Bitcoin Network (RSK), Successfully Secures Funding from Nexus One appeared first on CryptoPotato.

3 months ago

#Nexus invites our #community in Poland to participate in th...

#Nexus invites our #community in Poland to participate in the Nexus Working Group Conference on Nov 18th, where we…

3 months ago

45% Probability Crypto Becomes A ‘Hobby,’ Says George Mason Economics Professor

‘Is Crypto Welcome Here?’ Bloomberg columnists and institutional finance experts collectively asked, during a recent panel held by the notable newspaper. The range of topics revolved around the nexus of blockchain, and institutional finance and enterprise.

4 months ago

Oct 25 @ 4:30 PDT, @dinofarinacci is hosting another #LISP Z...

Oct 25 @ 4:30 PDT, @dinofarinacci is hosting another #LISP Zoom call: “Deep-Dive of first LISP Demo from Nexus Conf…

4 months ago

Nexus Software Engineer, Network Protocol Designer, Founder ...

Nexus Software Engineer, Network Protocol Designer, Founder of lispers .net & Former Cisco Fellow @dinofarinacci, p…

4 months ago

CNBC: 2018 Bear Market “Opportune” For Crypto Merger & Acquisition

Cryptocurrency-The ongoing bear cycle for the cryptocurrency markets throughout 2018, which have seen the steady erosion of over $600 billion in market capitalization, have provided “opportune” conditions for a subset of companies and investors. According to a report out of CNBC published on Oct 18, not only have cryptocurrency deal makers managed to thrive as coin prices plummet but they have also found opportunity to capitalize on the bear market in the form of merger and acquisition. While Bitcoin prices have fallen 54 percent on the year, merger and acquisition activity for cryptocurrency companies has more than doubled during that time, according to data from PitchBook and JMP Securities. Chief among the drivers of merger and acquisition is a relative “land grab” for new blockchain and crypto technology, with the access to new markets such as those in the developing world and parts of South America being particularly attractive, as well as the high demand for talented employees in the growing space-one that is only now being caught up on in terms of training through traditional finance routes and educational institutions. Satya Bajpai of JMP Securities reported that acquisition in the current landscape of crypto remains an attractive proposition due to the nexus of Bitcoin pricing extending to the value of blockchain and cryptocurrency projects. Rather than being valued on an individual basis, crypto companies and token-based startups have seen their value tethered to the performance of the number one cryptocurrency by market capitalization. With the waning price of BTC throughout 2018, these companies have become cheaper to acquire, despite growing in potential, userbase and the viability of the underlying technology. Bajpai reports that this fixation on BTC valuation has created an “ideal opportunity for strategic acquirers,” with smart investors looking at growth opportunity as the most efficient manner for dominating the crypto space, “As soon as a company becomes interesting, they get bought-the deal size may still remain small, but the number of deals will increase because that’s the most viable and fastest way to grow in this environment.” Just as many crypto enthusiasts and investors have pointed out the contradiction of falling prices throughout 2018, that adoption and development for the industry has managed to grow despite the slumping market cap, Bajpai sees the current landscape of crypto as being opportune for the right parties-and the number of deals being made throughout the year reflects his belief. Compared to the 47 total merger and acquisition deals completed throughout 2017, 115 m&a deals have already been made in 2018, on pace to hit 145 by year’s end. Despite Bitcoin reaching an all time high of $20,000 in December 2017, the acquisition of cryptocurrency-based companies has made for the more attractive proposition in the price-depressed market of October 2018, with many acquirers seeing the current valuation as a deal too good to pass up. Until crypto startups and token based projects begin an independent valuation not tied to the performance of BTC, the ongoing bear market will continue to produce technology that-in the eyes of some analysts-is grossly undervalued. Speaking with CNBC, Bajpai put the state of the industry in blunt terms, “You’re seeing a mispricing of assets. Even for great businesses, the value of the token remains correlated to bitcoin, which can create an ideal opportunity for strategic acquirers.” The post CNBC: 2018 Bear Market “Opportune” For Crypto Merger & Acquisition appeared first on Ethereum World News.

4 months ago

See how the Nexus LLD tested compared to #Ripple Nu DB, #Goo...

See how the Nexus LLD tested compared to #Ripple Nu DB, #Google Level DB, and #Oracle Berkeley DB (Spoiler: Nexus L…

4 months ago

Blockstream’s Liquid Network for “High Value” Bitcoin Payments Is Live

The Liquid Network is up and running.More than a year after its conceptual introduction at the Blockchain Association of Canada's Government Forum in Ottawa, Blockstream’s bitcoin scaling solution made its public debut on October 10, 2018, after going live among its partners on September 27.Described by its creators as “an inter-exchange settlement network,” Liquid is Blockstream’s complement to Lightning. However, whereas Lightning is designed for micropayments, Blockstream’s COO Samson Mow told Bitcoin Magazine, “Liquid is designed to facilitate fast and reliable high value transfers.”“Liquid allows parties to send funds to any destination, without the need to establish channels ahead of time. Funds in Lightning are ‘hot’ (private keys are online), whereas you can store Liquid Bitcoin in both hot or cold wallets. Liquid also has the ability to have Lightning added as a second layer as well, so we view these two technologies as complementary and both important for the ecosystem.”Unlike its counterpart in Lightning, which is a secondary layer, Liquid was built as a Bitcoin sidechain. Though not exclusive to Bitcoin, you can think of a sidechain as an extension of the Bitcoin blockchain. It allows users to swap coins from the main blockchain to its sidechain in a 1-to-1 parity, usually to tap into a feature that the main network doesn’t provide.For Liquid, that feature is fast transactions with a special emphasis on trading mass sums between exchanges, financiers and market makers. As such, Mow says that exchanges and members of the Liquid network will be the main providers of liquidity, since they will be the ones keeping a balance of L-BTC which, in turn, they would allow their users to swap for.This design is a bit of a spin on the original ideation of a sidechain. The concept was initially pitched as an avenue for trustless swaps, but Liquid’s iteration, which requires intermediaries to execute these swaps, may be called a federated sidechain.“The members of Liquid secure the network by running functionary servers that run the Liquid blockchain as well as maintaining the two-way peg to the Bitcoin blockchain,” he said. He drew the comparison that “Liquid functionaries are like miners” who “generate new blocks to add to the Liquid blockchain.”To leverage sidechain’s features, users have to exchange mainnet BTC for Liquid Network’s L-BTC using peg addresses.“When someone wants to move BTC to the Liquid sidechain,” Mow explained, “they send it to a unique peg-in address. When someone is ready to move their money back to the Bitcoin blockchain, they can make a peg-out transaction that will tell the [Liquid members] to send Bitcoin to the desired address.”After Launch: Looking ForwardUpon launch, the project has 23 partners lined up to serve as Liquid members, namely Altonomy, Atlantic Financial, Bitbank, Bitfinex, Bitmax, BitMEX, Bitso, BTCBOX, BTSE, Bull Exchange, DGroup, Coinone, Crypto Garage, GOPAX (operated by Streami), Korbit, L2B Global, OKCoin, The Rock Trading, SIX Digital Exchange, Unocoin, Xapo, XBTO and Zaif. Moving forward, Liquid hopes to expand its membership and build out its services. These services could include Issued Assets (IA), Mow explained, what amount to “native tokens within the Liquid blockchain.” These IA could be security tokens, tokenized commodities/real-world assets or even Ethereum. More than IA, Mow stated that Liquid has “a lot of things coming down the pipe” following its launch. These include a Liquid Testnet that is anchored to Blockstream Signet (Blockstream’s testnet for Bitcoin), GreenAddress integration, a Liquid mobile wallet for mobile platforms, a user interface for Issued Assets, a Liquid Block Explorer and hardware wallet support. He expects these features to be fully functioning by 2018, with more coming in 2019. In the short term, Blockstream will focus on building out these features to ease Liquid’s introduction to and use in the wider cryptocurrency community. In the long term, Mow said the the company hopes to see Bitcoin at the epicenter of a nexus of sidechains that allow for a seamless, interconnected exchange of the industry’s many assets.“The end game is a platform for the trustless exchange of many assets, with Bitcoin at the center,” said Mow. “We knew that having a high speed inter-exchange settlement network with privacy features would be something the market would respond well towards, but we’ve seen an incredible interest from parties interested to issue tokens and assets on Liquid as well. They’ve just been waiting for a secure and reliable solution to do so.” This article originally appeared on Bitcoin Magazine.

4 months ago

Nexus (NXS) Partners With SpaceChain to Launch a Decentralized Internet Technology in Space

At the recent Nexus (NXS) 2018 Blockchain Conference, NXS announced its new partnership with SpaceChain, a space firm that plans to develop a blockchain-based satellite network. The SpaceChain Co-founder and CTO, Jeff Garzik, will join the NXS advisory board. In February of 2018, SpaceChain unveiled their cube-satellite and deployed the SpaceChain satellite software, called SpaceChain OS, in the space shuttle. The overall goal of the partnership is to launch a decentralized internet technology in space and deploy a satellite mesh network that is secure, accessible, and censorship resistant. (JF)

5 months ago

Nexus (NXS) Announces the Space Alliance

The Nexus Conference is currently going on in Arizona, and there have been numerous good presentations and announcements. One big announcement and discussion was pointed out in a tweet on the Nexus (NXS) Twitter Feed: “#Nexus is joining forces with @SpaceChain, @vectorspacesys, and @BitSpaceNetwork to form The Space Alliance!” One of the goals of the NXS project is to launch a collection of satellites that add another layer of security and immutability to the Nexus blockchain, which would make the prospect of a Space Alliance a logical move. (JF)

5 months ago

ICON: Network of Networks | SpecR

Source: [Speculative Rationality ]( [NETWORK OF NETWORKS INFOGRAPH]( ICON aims to facilitate the wholesale adoption of a decentralized and trustless society powered by blockchains. The adoption of which is dependent on the connectivity and interoperability of the blockchains powering the various organisations and factions of society. These factors become more and more important as the blockchain ecosystem develops and expands and is the driver behind ICON’s vision to hyperconnect the world - a world powered by a decentralised network that allows independent blockchains to transact fluidly with each other. To create this massive network of blockchains, ICON guarantees independence of governance to each blockchain and constructs mutual connections only when and as they are required. ICON’s ambition hinges on its ability to bring real world communities/entities onto a shared ledger and extend organic connections between them. “As the number of communities connected through the ICON Network increases, the number of transactions increases exponentially, resulting in maximum utility of the network.” (Whitepaper) Public, consortium and private blockchains are the three types of blockchains that make up the current landscape and entail varying degrees of private control required by the participating entities such as government bodies and financial institutions. ICON Republic is a protocol that facilitates the individual requirements of different blockchains whilst allowing them to coexist and inter-operate. Similar to how the internet connected computers and local area networks, ICON becomes the underlying infrastructure for the internet of blockchains. _______________________ **Network of Networks** In its endeavour to hyperconnect the world, ICON is forging a connectivity infrastructure not bound by finite limitations or the inherent drawbacks of a centralised system. Bridging the gap between existing societal structures and the trustless function offered by blockchain technology, ICON provides a tether between nuclear communities creating a network of networks effect. To fully convey the scope and breadth of the network of networks system, we have deconstructed its components, the connections between them and how they operate within the ecosystem. Communities form the most fundamental layer of the ecosystem. A community within the ICON Network is comparable to a planet. The self-sustaining ecosystem of a planet enables inhabitants with complimentary needs to thrive and coexist within its boundaries. Similarly, the blockchain of a community enables nodes with complimentary characteristics and needs to operate within the bounds of the community ledger. For example, a healthcare community may enable the relevant participants such as hospitals, pharmaceuticals and medical research institutions to benefit from the symbiotic relations established by the shared ledger. When a community’s needs extend beyond its boundaries, it is able to connect to a larger network through the Nexus. The Nexus of the ICON Network is comparable to a Sun at the center of a Solar system. Similar to how the gravity of the Sun keeps the planets orbiting around it, the Nexus blockchain acts as the core technology that draws multiple communities into coexistence. Similar to how a galaxy comprises of multiple Solar systems the ICON Republic is made up of multiple networks, whereby ICON’s Nexus blockchain is able to connect to networks external to itself. This interoperability of networks is the fundamental reason for the formation of the Blockchain Interoperability Alliance (BIA) presently comprising of ICON, Aion and Wanchain. **ICON’s underlying infrastructure: loopchain** loopchain, is the proprietary blockchain technology used to build the ICON infrastructure. It is a high-performance blockchain with Smart Contract features that can be customized according to the needs of individual communities; so that they may operate independently and as part of a larger blockchain ecosystem. While loopchain is the native blockchain of the ICON Network, participating blockchain entities have the option to alternatively elect their own governance and consensus mechanisms. This approach is akin to modular architecture, where parts can be taken out, swapped or added; giving great flexibility to those joining the network whilst allowing the inter-chain functionalities to take full advantage of a fully connected ecosystem. **Breakdown of ICON Network Components** [Link to table](

a year ago

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