Particl PART

$1.83
Market Cap $ 14.753 MM (#156)
24h Volume $ 75.453 K
Chg. 24h: -5.40%
Algo. score 3.7/5  (#102)
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Particl News

What can Particl #Marketplace do for you? It allows you to...

What can Particl #Marketplace do for you? It allows you to shop or do business with ANYONE within a secure and un… https://t.co/h1WRBPNxNq

12 hours ago

Travala (AVA) Adds Two New Partners to Its Growing Travel Booking Platform

Travala (AVA), the online travel booking marketplace that is built on the NEO platform, recently announced two new partnership as it continues its global push for expansion. Users on the AVA platform will now have access to properties offered by the Latin American lodging wholesaler HotelDo and the Indian lodging supplier GRNConnect. These partnerships come as the platform is aggressively expanding as part of its goal to offer 1.5 million bookable properties on its beta platform which is scheduled to launch in the first quarter of 2019. (JF)

a day ago

American Express Rep Says Ripple Powers Cross-Border Payments ‘In a Matter of Seconds’

American Express recently revealed the results of a pilot test of Ripple’s xCurrent solution for cross-border payments. Carlos Carriedo, general manager of corporate payments for Amex recently stated “We did a pilot. We did a test, partnering with Santander locally, and with Ripple to just do cross-border transactions. Cross-border transactions continue to be complex and slow. And in a matter of seconds, through this test, our clients were able to transfer funds in a very transparent and seamless way, from one part of the world to the other one.” (JF)

a day ago

Australia’s City of Fremantle Unveils Power Ledger’s Blockchain-Based Energy Platform

Fremantle, an Australian Coastal city, has partnered with Power Ledger, a renewable energy-focused cryptocurrency startup, to start a trail that allows the city’s residents to trade solar power on a blockchain-based platform. Reportedly, about 40 households in the city will take part in the trial. The trial is expected to end in June 2018. The participating homes will, during the trial period, determine the price at which they are willing to buy and sell the solar power. They will then perform the transactions on the blockchain-based platform. (VK)

2 days ago

Chile’s Finance Minister Says the Government is Progressing on Crypto Regulation

According to a report by La Tercera yesterday, Felipe Larrain, Chile’s finance minister purported that a consortium of state institutions ‘is making progress’ in developing crypto regulation. Per Felipe, crypto regulations are a significant part of the country’s broader initiative to offer legal definitions for the fintech industry. However, he noted that the process would take time as other countries are also facing crypto regulation difficulties. This news comes after Felipe promised to develop a legal framework to allow major Chilean banks to open crypto-business accounts again following their closure in March. (KE)

2 days ago

Ask #MATRIX #26 Highlights of this week: · Winner of Gaming...

Ask #MATRIX #26 Highlights of this week: · Winner of Gaming Mascot Design · #MatrixAI Server Competition: Part 2 ·… https://t.co/FLe76tfAkz

2 days ago

Most of the Particl development and communications team was ...

Most of the Particl development and communications team was in South Africa in November for a series of team meetin… https://t.co/2gkJpzPJPn

3 days ago

Join us on Dec 13th in Istanbul, Turkey for a #Binance meetu...

Join us on Dec 13th in Istanbul, Turkey for a #Binance meetup! #BinanceIsGlobal Not a part of our Turkish communit… https://t.co/Yu5o9GsbCq

3 days ago

Daily Berminal Brief: Bitcoin Crashes To A New Low, And SEC Delays ETF Decision Once Again

The State of The Market — December 7, 2018 BTC: $3,417.08 (-9.58%) XRP: $0.302333 (-10.20%) ETH: $85.75 (-14.36%) The crypto market has once again crashed today, taking Bitcoin to a new low of $3,379. This is lowest Bitcoin has been in 2018 after reaching a high of $20,000. Along with it, the entire Crypto market crashed, wiping out more than $16 Billion in the last 24 hours. Most cryptocurrencies are down by double-digit percentages, except Bitcoin Cash SV which is up by 10%. Ethereum failed to hold on to its support at $100 and crashed to a low of $83.50. In other news, the adoption of Bitcoin’s lightning network has gone up by 1,600% since February 2018. The network’s total market capitalization has increased from 4 BTC to more than 450 BTC. Also, Morgan Creek Digital is betting $1 Million that cryptocurrencies will outperform the S&P 500 over the next ten years. Its founder Anthony Pompliano has invited investors to bet against Bitwise Asset Management’s Digital Asset Index Fund that contains Bitcoin, Ethereum, Bitcoin Cash, EOS, Litecoin, Monero, Zcash, Dash, IOTA, and NEM. 1) The U.S. Securities and Exchange Commission (SEC) has once again delayed the decision on VanEck-SolidX Bitcoin ETF, a rule change proposal allowing the country’s first BTC exchange-traded fund. Reportedly, the commission has extended the ETF review period and pushed the decision deadline to February 27, next year. Reportedly, the proposal was submitted by blockchain startup SolidX and VanEck, a money manager. 2) Bitcoin SV just officially passed Bitcoin Cash in market capitalization ($1.88 billion vs $1.78 billion) after gaining over 21% on Thursday. BSV’s volume over the past 24 hours reportedly is north of $168 million, essentially doubling BCH’s volume over the same period. Besides, Bitcoin SV is the lone gainer in a sea of red today. Bitcoin Cash SV is at the 5th spot now, while Bitcoin Cash has fallen down to 7. 3) ConsenSys is laying off 13% of its current staff of 1,200 employees as part of its new business strategy. As the crypto bear market continues in what many are calling the ‘Crypto Winter,’ many companies that once had overfull war chests now find themselves searching for funding. This period could shake out the less viable projects so that as the market begins to recover, legitimate projects can take center stage and begin mass adoption. (VS)

3 days ago

Yes, we all need to do our part in keeping the space as safe...

Yes, we all need to do our part in keeping the space as safe and clean as possible! This is a good time to share t… https://t.co/cJf9RDLfw6

3 days ago

ConsenSys Announces Plans to Layoff 13 Percent of Its Employees

Following recent announcements by Joseph Lubin regarding the health of his company ConsenSys and the potential for cutbacks, ConsenSys announced today that it will be laying off 13% of its current staff of 1,200 employees as part of its new business strategy. As the crypto bear market continues in what many are calling the ‘Crypto Winter,’ many companies that once had overfull war chests now find themselves searching for funding. This period could shake out the less viable projects so that as the market begins to recover, legitimate projects can take center stage and begin mass adoption. (JF)

3 days ago

Bobby Lee Believes Cryptocurrency Should be Designated as a Separate Asset Class

U.S. Congressman Warren Davidson recently announced plans to introduce new legislation that will designate cryptocurrency as a new asset class and BTC China founder Bobby Lee believes this is a fantastic idea. Lee believes cryptocurrencies require this designation in order to move forward and grow in a regulatory environment. Davidson’s proposal would prevent crypto-assets from being classified as securities but at the same time, it also would allow the federal government to “regulate initial coin offerings more effectively.” Previously, Davidson participated in congressional panels discussing the merits of blockchain technology and he was part of a group of lawmakers who wrote a letter to the SEC requesting clarity on regulations for blockchain and crypto-related businesses. (RS)

3 days ago

SelfKey Founder Edmund is part of this excellent documentary...

SelfKey Founder Edmund is part of this excellent documentary by @DeutscheWelle: In #Data We Trust - Founders' Valle… https://t.co/SBJk0JvUkE

4 days ago

EOS Block Producer Starteos Plans on Sharing Proceeds with its Voters

Per a Finance Magnates report, EOS Block Producer Starteos has announced that it will share a part of its profits with its users who hold their tokens. This is in a bid to appreciate these voters for their loyalty. In a medium post, the block producer announced that it would reward their loyal wallet users with financial incentives to help them survive the crypto winter. Starteos alleges that users who choose Starteos.io as a proxy will begin earning a stable EOS revenue. This has come at a time when EOS is being criticized for running as a centralized database. (KE)

4 days ago

"At Holochain, we are building tools to give you back agency...

"At Holochain, we are building tools to give you back agency over your data. The first part of that is making it si… https://t.co/M8uv8PYOfr

4 days ago

This is the first video of our new series Particl Around the...

This is the first video of our new series Particl Around the World where you will have the chance to follow Lina as… https://t.co/gOwXkHYZUP

4 days ago

Button Wallet, an ETC Labs Startup Rolls Out LightySig for Easy Development of DApps

Button Wallet, an ETC Labs startup has developed LightySig to assist developers working on the blockchain and quicken the development of dApps. Button Wallet is a startup which is part of the pilot program of ETC Labs. The ETC developer community will gain from this as ETC is already integrated into Button Wallet's library. Lead Developer at Button Wallet Kirill Kuznetcov has said LightySig would lower the threshold for developers seeking to enter the blockchain space by saving their time and effort of understanding the blockchain's underlying complexities. (KE)

5 days ago

For users who took part in the CPR Airdrop Activity ,50 luck...

For users who took part in the CPR Airdrop Activity ,50 lucky winners have been drawn to split 1,000,000 $CPR… https://t.co/EEg0Hiv8Xb

5 days ago

Sequoia China and Baidu Ventures Invest in Non-Profit Foundation Building a New Blockchain Network

Venture capital firms Sequoia China and Baidu Ventures recently took part in a $35 million fundraising round for the non-profit Conflux Foundation that seeks to develop a new blockchain network. The project is led by a group of university professors and researchers, including a Turing award winner, and is a combination of the bitcoin blockchain code with a redesigned consensus model replacing the Nakamoto consensus model. With the newly raised capital, the foundation has announced its first order of business is to expand its 10-person development team. (JF)

5 days ago

Daily Crypto Roundup 12/4/2018

More regulatory talk takes place, alleged ransomware participant claims innocence, Nasdaq exchange platform makes confirmation for 2019, and another bullish Bitcoin price prediction is made. Catch up on the details from today. G20 Regulations: What Does It Mean For Crypto This year’s annual G20 meeting concluded just a few days ago. Crypto regulation was a topic of conversation, leading to a series of actions to be taken by the Financial Action Task Force (FATF). “We will step up efforts to ensure that the potential benefits of technology in the financial sector can be realized while risks are mitigated. We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”, stated the G20 declaration. Crypto taxation was also mentioned, among other topics. Read on Crypto Insider Bitcoin Trader On US Sanctions Blacklist Says He’s Innocent Last week saw the Office of Foreign Assets Control (OFAC) place two individuals on its list of Specially Designated Nationals, along with their Bitcoin wallet addresses. Two Iranians, Ali Khorashadizadeh and Mohammad Ghorbaniyan, were allegedly involved in ransomware activities and made the list. This week shows Mohammad Ghorbaniyan claiming innocence. “Ghorbaniyan has told CoinDesk that he was unaware of the origins of his apparently tainted bitcoin, which OFAC said was extorted from more than 200 victims including corporations, hospitals, universities and government agencies that were hit with the SamSam ransomware virus”, reported CoinDesk today. Read on CoinDesk Treasury Official: Global Regulators Must Follow US Lead In Crypto Enforcement Sigal Mandelker of the terrorism and financial intelligence branch of the U.S. Department of Treasury stated yesterday that crypto needs more worldwide monitoring. Mentioning the OFAC Iranian ransomware/Bitcoin address topic, she explained - “As Iranian and other bad actors attempt to misuse digital currency to facilitate illicit activity, financial institutions, including exchangers and other providers of digital currency services, must guard against the risks of assisting these malicious actors”, according to a press release yesterday. Mandelker urged other countries to employ tactics such as anti-money laundering practices, as well as other regulatory action. Read on CoinDesk Confirmed: Nasdaq’s Bitcoin Futures Will Launch In ‘First Half’ Of 2019 Last week, Nasdaq and VanEck filled conversations as their Bitcoin futures platform plans surfaced. Nasdaq confirmed its plans yesterday, as well as a loose timeline, according to a report from Express.co. “The cryptocurrency will hit the New York-based exchange’s boards in the early part of next year, subject to the nod of approval from the Commodity Futures Trading Commission (CFTC)”, the report said. Read on CoinTelegraph Bitcoin Will ‘Surpass’ All-Time Price Highs By End Of 2019, Says Quoine CEO Another bullish prediction surfaces in what is still a very bearish market. Mike Kayamori, CEO of crypto exchange Quoine, believes Bitcoin will hit record high prices by the end of next year. Kayamori talks about renewed market sentiment for crypto, starting next year, with no current catalyst for such a reversal in the near term. The Quoine CEO also mentioned his thoughts that the Bitcoin price bottom is close. He includes additional comments about mining and regulation. Read on CoinTelegraph The post Daily Crypto Roundup 12/4/2018 appeared first on Crypto Insider.

5 days ago

Bitcoin’s Tech Trends of 2018: What This Year Brought Us (Part 1)

Where 2017’s dizzying price highs embedded “hodl” into the public consciousness, 2018 was the year in which “buidl" became a trend in the crypto-industry — and Bitcoin was no exception.Anticipated in Bitcoin Magazine’s first cover story of 2018, Bitcoin’s technological progress only accelerated this year. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregated Witness adoption, rolled out the Lightning Network, released privacy solutions, realized sidechains and made progress on a Schnorr signature solution — all of which were still around the corner only a year ago. Following up on January’s cover story, 2018’s closing two-parter cover story explores how these five technologies progressed throughout the year.In part one: Segregated Witness and the Lightning Network.Segregated WitnessThe Segregated Witness (SegWit) soft fork that activated in August 2017 was arguably Bitcoin’s biggest protocol upgrade to date. Fixing the long-standing malleability bug, it better enabled second-layer protocols while replacing Bitcoin’s block size limit with a block weight limit. Transactions that utilize SegWit are partly stored in a new part of Bitcoin blocks, allowing the network to process more than one megabyte of transaction data per 10 minutes.Back in 2017, SegWit adoption was off to a somewhat slow start. By the end of the year, most wallets had not integrated the upgrade yet — and not many exchanges or other Bitcoin service providers had either. At the start of this year, less than 15 percent of transactions utilized the additional block space, and blocks barely exceeded 1.1 megabytes.Throughout 2018, however, adoption increased quite a bit, as more wallets and services implemented SegWit. This perhaps most notably included the Bitcoin Core wallet, which enabled SegWit transactions with its 0.16.0 release in March. Other popular wallets, such as Coinomi (March), Bither (September) and BRD (November) followed suit, while Mycelium is expected to roll out the feature before the end of the year. Some of the biggest Bitcoin service providers also implemented Segregated Witness in 2018, including Coinbase (February), Bitfinex (February) and Xapo (May).As an overall result, SegWit usage statistics increased to well over 40 percent over the year. Still, while about a threefold increase, this is lower than some would have expected it to be by now.“I'd say the main reason SegWit usage isn’t well over 50 percent by now is inertia,” Coinmetrics data analyst Antoine Le Calvez speculated when asked by Bitcoin Magazine. “If you didn't adopt it when fees exploded last year — either due to lack of time or other priorities — I don't think you'd support it until fees explode again, when SegWit transactions will have a clear cost advantage over non-SegWit transactions.”On top of SegWit itself, the new bech32 address format also saw its first non-trivial adoption in 2018. These addresses, that start with “bc1” instead of a 1 or a 3, are a natural fit for SegWit. Transactions from such addresses require less data to be included in a block and are, therefore, even cheaper. Several wallets — like Coinomi, Electrum and Wasabi — moved straight to this new format.The popular BRD wallet for iOS and Android did this too and, in September, even launched a campaign to further bech32 adoption: “When SegWit?”“We've always taken the stance that bech32 stood the best chance of being the gold standard for SegWit implementation,” said BRD CSO Aaron Lasher, in explaining the idea behind the initiative to Bitcoin Magazine. “The backwards compatibility of using P2SH-enabled SegWit gave the industry a much-needed jump start, but to really drive adoption, raw SegWit is the way to go.”He continued:“As one of the larger wallets, we enjoy an element of influence over the state of the network, as a non-trivial percentage of bitcoin transactions are conducted through BRD wallets. Getting wallets and other service providers to upgrade their software to interact with bech32 addresses is the goal in general, and with this initiative we're targeting them in a respectful and persuasive manner.”Perhaps thanks to the campaign, in part, and on top of SegWit adoption itself, bech32 use increased throughout 2018 as well."5.6 percent of the outputs created these days are bech32 outputs," Le Calvez said, “though bech32 outputs store only ~0.8 percent of all bitcoin, so it means that bech32 users are quite active. That could be because Coinbase and LocalBitcoins support it, and exchanges attract arbitrageurs that move money around faster. Another reason could be that, since bech32 is the cheapest way to transact, it attracts high-activity users.”All in all, Bitcoin blocks have grown along with SegWit adoption over the past year. While average numbers aren’t quite as telling (because not all blocks fill up in the first place), the typical full block today is around 1.3 megabytes. The biggest Bitcoin block to date was also mined this year,

5 days ago

Winter is coming for Particl, and with it comes a long-await...

Winter is coming for Particl, and with it comes a long-awaited release! Can you guess what it's going to be? Write… https://t.co/8PF39FYQ5P

5 days ago

EOS Jilted: Larimer Wants To Date Other Cryptos

Repeat after me: Daniel Larimer is not abandoning EOSIO or Block.one. Right, investors didn’t buy it either, with the price of the once rock-star cryptocurrency EOS having plummeted 21% since the serial entrepreneur announced he would be exploring the creation of a new cryptocurrency, only months after the launch of the EOS mainnet. The damage has been done, and investors want to know if this time it is too late to be reversed. Nonetheless, the EOS community feels scorned amid murmurings of yet another cryptocurrency, and you can’t really blame them. Larimer has left a wake of shrinking projects as measured both by staff and value. He launched BitShares in 2013/2014, only to leave that project for decentralized blogging platform Steemit, where he served as the CTO until last year. Steemit just announced massive layoffs of 70% of its staff, and Larimer is distancing himself from his former project, saying on Telegram that he was “pushed out” and that they “failed to deploy” his “roadmap.” For its part, the EOS mainnet remains a “community project,” not “our project,” which of course would lessen the sting of moving on. As imperfect a measure as market cap may be, the decline in EOS’ value is a reflection of investors fleeing the No. 6 cryptocurrency for seemingly greener pastures, or at least a flight to safety. Larimer, meanwhile, recently declared that decentralization wasn’t a top priority of EOS. Nonetheless, the personality behind the brand, in this case, Larimer, has long been an influencing factor on investor flows on Wall Street, and human psychology is no different in crypto land. Source: CoinMarketCap In realizing that he must have opened a Pandora’s box, Larimer has since taken to Medium in an attempt to quell any fears about his dedication to Block.one, saying that “it’s hard for me to brainstorm with the community the way I have in the past without occasional unintended consequences.” But he also defended “bouncing around new thoughts and ideas with the community,” saying: I believe these sidesteps of thought are byproducts of an effective iterative development process when working towards delivering new revolutionary products and capabilities. Kanye West of Crypto? Larimer’s disclosure to explore the creation of a new Bitcoin-like cryptocurrency has inspired the ire of the community, and perhaps rightfully so. But there are those in the community who basically shrug their shoulders and remind themselves that you can’t change a zebra’s stripes, and Larimer is just doing what eclectic entrepreneurs do. Take Elon Musk, who was at the helm of both SolarCity and Tesla before combining those companies and recasting the former as Tesla Energy. Musk is also behind The Boring Company, which is building underground tunnels in high-traffic cities, not to mention SpaceX, which is which has missions to Mars in its sights. The Larimer/Musk comparison isn’t too much of a stretch considering the Virginia Tech computer science alum is seemingly working on time travel. But as one Reddit member pointed out, Larimer knows how to make money, as evidenced by the $4 billion blockbuster Block.one ICO. Indeed, the recipe for a successful project involves “money and people,” as Larimer has stated. But what Larimer should avoid is becoming the Kanye West of crypto, no offense to Ye. After the rapper approached tech leaders for $1 billion to fund his projects, a crowdfunding page was launched so that the “greatest living artist and greatest artist of all time” could maintain his lavish lifestyle. Although the crowdfunding page was launched by someone else as a joke, it still reeks of narcissism. To be fair, Larimer isn’t taking it to that extreme, but you get the point. As for the water-cooler talk, Larimer’s imaginary token is reportedly dubbed MonerEOS. Source: Telegram Unfortunately, Larimer is providing about as much detail on the status of MonerEOS as he is about his future career path, saying on Telegram: “I will leave EOS sometime between now and when I die.” Maybe he could use a visit from Jacob Marley to see how it’s all going to pan out. The author is not invested in any digital currencies mentioned in this article but holds investments in other cryptocurrencies. The post EOS Jilted: Larimer Wants To Date Other Cryptos appeared first on Crypto Briefing.

5 days ago

We've published on the 28th of November new marketplace test...

We've published on the 28th of November new marketplace testnet builds which include FREE Particl lapel pins from o… https://t.co/8cnHrg7std

5 days ago

Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms

The world’s largest cryptocurrency exchange by means of traded volumes will be launching its own public blockchain in “a couple of months or so,” according to its CEO, Changpeng Zhao. ‘There Will be Millions of Coins and Thousands of Blockchains’ Speaking at the stage of Forbes Asia Forum: Decrypting Blockchain, the CEO of the Binance Changpeng Zhao (CZ) revealed that the company’s public blockchain dubbed Binance Chain will be released very soon - within the next “couple of months or so.” Covering CZ’s talk at the event was Forbes’ staff reporter, Michael del Castillo, who quoted the CEO saying: We are launching Binancechain very soon, in a couple of months or so, and you will be able to issue tokens on that... I think there will be millions of coins and thousands of blockchains. We are launching Binancechain very soon, in a couple months or so, and you will be able to issue tokens on that....I think there will be millions of coins and thousands of blockchains." @cz_binance at @ForbesAsia #ForbesBlockchain @ForbesCrypto pic.twitter.com/az5H62Pgdm — Michael del Castillo (@DelRayMan) December 4, 2018 Naturally, CZ’s words immediately provoked a wave of users questioning the need of so many cryptocurrencies and blockchains. It’s will also be interesting to see how Binance will handle and vet the “millions of coins” given CZ’s previous statements. In August, Zhao stated: We don’t list shitcoins even if they pay 400 or 4,000 BTC. [Ethereum, NEO, Ripple, EOS, Monero and Litecoin and more] listed with no fee. Question is not ‘how much does Binance charge to list?’ but ‘is my coin good enough?’ It’s not the fee, it’s your project! Focus on your own project! Binance Tatoo Shows ‘Commitment’ CZ also refused to provide any predictions on the price of Bitcoin 00 under the pretense that his words will be taken as manipulation. He said: I try not to predict the future bitcoin price because anything I say will be seen as manipulation. So I lost that part of free speech. Meanwhile, Zhao revealed getting a tattoo of the Binance logo on his forearm as a sign of absolute commitment. In a Medium post explaining the idea behind the logo and CZ’s decision to get the tattoo, he also shared his thoughts on listing coins on Binance and how founders’ dedication is one of the things they are looking for in order to have a coin listed. Apparently, permanently marking one’s body and infusing it with ink with the Binance logo should inspire confidence that the CEO is committed and in it for the long haul. What do you think of Binance chain? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock, Medium.com The post Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms appeared first on Bitcoinist.com.

5 days ago

Waves Price Doubles With Mobile App Release

It’s a mixed bag in the cryptocurrency markets. But Waves (WAVES) tokens are at the top of the table today. The token price has more than doubled in the past week, following the release of a new mobile wallet. The market price for WAVES this time last week was roughly $0.96 per token. Waves has since been on a near-uninterrupted upwards trend; it ended Friday at $1.20 and reached $1.60 by the beginning of the week. Prices dipped back below $1.50 in Monday and into Tuesday morning, but began to surge - pun intended - at around 06:00 GMT. Waves peaked at $2.14 earlier today, at around 14:00. The coin’s total value increased by $118m in the past week. Waves tokens were trading at $2.12 at the time of writing, giving it a market cap of $212.2M. Why are Waves tokens up? Waves is a platform which enables projects to customize their own tokens, specific to their needs. Developed in Russia and launched in 2016, it makes making cryptocurrencies easier; this includes a gateway to convert fiat currencies into digital assets. The platform has three native currencies. As well as Waves Tokens, there are also Miner Rewards Tokens (MRT) as well as the Waves Community Tokens (WCT). WAVES are used to pay for network costs when creating new tokens; MRT are used for voting on new protocol implementations; WCT is issued in airdrops to encourage greater network engagement. Renewed enthusiasm in Waves coincides with the development and release of the project’s new mobile app. The project said yesterday that the app was now live, after successfully completing its beta-testing on Thursday. This includes a new wallet, as well as access to the platform’s decentralized exchange and fiat-crypto gateway. It also includes a new functionality; app users can send tokens to people in their contacts book. Sasha Ivanov, Waves’ founder and CEO, also announced today that the project would begin introducing smart assets. “Smart assets are unique virtual currency tokens that may represent a tangible real-world asset, or a non-tangible ownership that can be purchased,” according to the Waves technical document. “[They can be] sold, or exchanged as defined by the rules of a script on the Waves blockchain network.” Whereas the past week has been a trying time for the rest of cryptocurrency market, today’s news is a reminder that projects, like Waves, are still developing. It only shows that price is only a small part of the sector. Disclaimer: The author is not invested in any cryptocurrencies or tokens mentioned in this article, but holds investments in other digital assets. The post Waves Price Doubles With Mobile App Release appeared first on Crypto Briefing.

5 days ago

Bitcoin Reclaims $4,000 as Expert Claims It Will Surpass $20,000 by End of 2019

Bitcoin has fought to trade above $4,000 in December and for the most part, it has succeeded. However, the very crucial support level was breached yesterday as the currency lost 5 percent to drop to $3,830. However, it has since recovered to trade above $4,000. The support level seems quite fragile and at press time, the currency was trading at $4,023, up 3.1 percent in the past 24 hours. The currency will however surpass its all-time high by the end of next year according to the CEO of Japanese crypto trading platform Quoine. One Predicts $20,000, Another Predicts 0 Bitcoin kicked off December by reclaiming the $4,000 level and in the first four days, the price has hovered around this level. Having hit as high as $4,310, it dropped to just above $3,800, down $300 in a few hours. This was a source of concern for many, especially since there have been several predictions that Bitcoin is yet to hit bottom and could go further lower. However, the currency bounced back and at press time, it was trading at $4,023 according to data from coinmarketcap.com. On the top 6 markets, Bitcoin was trading below $4,000 which is a source of concern. The six include BitMEX, CoinBene, Binance and OKEx and together, they account for 40 percent of the total daily trading volume. HitBTC and Cryptonex had the highest prices at $4,111 and $4,176 respectively. Bitcoin will hit and surpass its all-time high in 2019, the CEO of Quoine stated. Mike Kayamori, who heads the Japanese crypto exchange, stated that he believes that in the new year, the currency will bounce back despite hitting a 14-month low just a fortnight ago. Speaking during an interview with Bloomberg, Kayamori stated that he believes that the currency will reap from the efforts in regulation and institutional investment in 2019. While 2019 will be a good year for the digital currencies industry, the market is very unpredictable in the short term. A lot of people said $4,000 was probably the technical bottom, but obviously it went through that. So, the truth is nobody knows. That said, when you look at the history and how things are going, I think the bottom is near. Kayamori admitted that the plunge in prices in November, which was Bitcoin’s worst in seven years, caught him by surprise. As with many other stakeholders in the industry, he expected a bull run to kick off in November and push through to December. Looking at the current market movements, he believes that in the short term, the market lacks catalysts to push it higher and it could end the year around $4,000. Quoine has been operating a crypto-only exchange but recently delved into crypto-fiat listings as the regulatory environment in Japan improved. To do so, the exchange rebranded to Liquid which in the past 24 hours accounted for the sixth-highest Bitcoin daily trading volume. While Kayamori believes Bitcoin will hit its all-time high again next year, another financial expert is of a completely different thought. According to Atuyla Sarin, a financial expert who lectures at Santa Clara University, Bitcoin is close to becoming worthless. In an op-ed published on MarketWatch, Sarin stated that he believes that Bitcoin is now entering a death spiral and that it will experience a “swift and painful drop to zero.” The post Bitcoin Reclaims $4,000 as Expert Claims It Will Surpass $20,000 by End of 2019 appeared first on NullTX.

5 days ago

Vertcoin (VTC) 51% Attacked, $100,000 Lost via Double Spend

The Vertcoin (VTC) network was successfully 51% attacked, and a large reorg happened that cost them more than $100,000. We have already seen weaker blockchain platforms like Bitcoin Gold (BTG), Verge (XVG), and ZenCash being hit with 51% attacks in the recent months. Vertcoin (VTC) 51% Attacked And now, we have the Vertcoin going through the same fate again. Moreover, an interesting part is that San Francisco-based crypto exchange, Coinbase has given an official statement on this attack, claiming that the Bitcoin-like networks (or forks of BTC) are weaker and less secure. This may be why Coinbase did not list Vertcoin, whereas, competing exchanges including Binance and Bittrex have listed it. Vertcoin 51% Attacked A 51% attack was performed on the Vertcoin blockchain on 2nd of December, and double spending happened, costing the network to lose more than $100,000. It was reported that a large amount of ASIC hash was rented to orchestrate this attack. Successive reorg on the blockchain was performed. Vertcoin went through repeated reorg going as deep as 307 blocks. Vertcoin Against ASICs Proving to Be Insecure The Vertcoin algorithm is designed to be ASIC-resistant - in order to make the mining more decentralized. So anyone with a graphics card can easily mine Vertcoin. The drawback of this, however, is that such a network can be attacked by anyone having a standard graphicss card, unlike other ASIC coins such as bitcoin (BTC) - which require ASIC mining equipment to perform 51% attacks successfully (even they it may be practically impossible to do so on the BTC blockchain). Coinbase Making Use of this Opportunity Coinbase came out with a detailed article about this attack in an official blog post, criticizing the Bitcoin-like Networks that are clearly vulnerable to attacks. Coinbase was targeting its competitors who have listed Vertcoin. The US-exchange may have taken advantage of the situation to inform people about other exchanges that have listed insecure coins. Advice to Investors Experts have always advised investors to be cautious and keep away from low cap coins, as they are vulnerable to 51% attacks. But investors go after those coins for making quick money. These coins, if invested in without prior research, can lead to a loss of funds. Therefore, it is better to invest in a more secure and reliable blockchain network like Bitcoin (BTC) - which is the most secure network in the entire blockchain ecosystem. Millions of dollars and electricity are required to attack the Bitcoin network, and it is also logistically highly infeasible. The post Vertcoin (VTC) 51% Attacked, $100,000 Lost via Double Spend appeared first on Crypto Core Media.

6 days ago

🎥 #P2P networks are an essential part of the #blockchain tec...

🎥 #P2P networks are an essential part of the #blockchain technology. Here, we will explore the central role they pl… https://t.co/BseTJE21Ca

6 days ago

Zcash Is All Ears Over Coinbase Privacy Concerns

Cryptographic technology has advanced in 2018, bringing the crypto community closer to “privacy for everyone,” according to a recent presentation by Zcash founder Zooko Wilcox. Considering that the Zcash cryptographers “pioneered the use of zero-knowledge proofs,” with Zcash representing the first application for the technology two years ago, it’s fitting that ZEC has become synonymous with privacy. But now that Zcash has scored a listing on KYC-compliant U.S. exchange Coinbase, you may be wondering if your transactions are truly anonymous, unlike the Bitcoin protocol from which ZEC got its start. The notion that there was a tradeoff isn’t too far-fetched. Dovey Wan, who is the founding partner of crypto investment fund Primitive Ventures, said in a tweet she has asked the Zcash founder numerous times, “why not remain anonymous since inception?” and “why seek [an] enormous amount of compliance for a privacy coin?” The answer became apparent when Coinbase decided to list ZEC, which will help the currency achieve mainstream status. And perhaps the crypto community has had a shortsighted view of privacy all along. As Wilcox tweeted: Privacy isn’t about isolation — it’s about community. But with consent. You get to choose who’s watching when you let down your hair. You get to choose who’s around the table when you tell your story. Privacy is about consent. Privacy and Crypto Go Together Like Chocolate and Peanut Butter Zcash gets its privacy from the zk-SNARK technology. To appreciate how important privacy has been not only to the Zcash community but crypto in general, it helps to go back as early as 2013 when privacy was among the chief motivations for Bitcoin developers. Privacy was the defining feature in projects like Zerocoin, but the technology was too cumbersome to make its way into a vital Bitcoin upgrade. Meanwhile, at the 2013 San Jose Bitcoin conference, the scientists behind the SNARK tech met the scientists behind Zerocoin, leading to a collaboration that Zooko compared to when “chocolate goes well with your peanut butter.” The new pairing “solved the problem of transaction times,” Zooko explained in a recent podcast. Pulling a Rabbit Out of Your Hat zk-SNARKs are part of the knitting of the Zcash project, but even Wilcox once revealed that he wasn’t in the loop about zero-knowledge proofs and instead left that to his team of cryptographers. Since that time, Zcash has upgraded its mainnet to version 2.0, slashing the transaction times for zero knowledge proofs from 37 seconds to 2.3 seconds. Wilcox, the student, has become the master. zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” according to the Zcash website. It’s a proving system that adds an extra layer of privacy to the process that typically surrounds a BTC or ETH transaction, a layer of confidentiality that Wilcox suggests Satoshi might have included if SNARKs had been invented in 2008. While complex, the formula has a bit of magic to it that resembles pulling a rabbit out of a hat. The magician proves that there is no back door to the hat and then pulls a rabbit out of nowhere. You know there is a magician and a hat; even though you don’t know exactly where the rabbit came from, you can see with your own eyes that it is real. In a non-zero-knowledge-proof transaction, the BTC or ETH miner has access to the sender’s transaction history to prove that the funds are not being double-spent. But with a zero knowledge proof, the transaction is encrypted. A user presents the transaction in which they are looking to transfer some amount, but they don’t say how much. Consider the amount hidden inside a private envelope. The envelope transfers to the miner but it doesn’t say anything about the sender or the receiver. The content is hidden, but is accompanied by what Wilcox refers to as a “magic stamp,” which is the zero-knowledge proof. The miner then tests the magic stamp, which convinces them that the zero-knowledge proof is valid. If it weren’t, the sender would not have been able to produce this magic stamp. And in the end, the miner learns the meaning of “zero” behind zero-knowledge proof as they learn only the necessary information and nothing more to prove that the amount being transferred is in fact valid. Zcash and Monero Not surprisingly, Zcash and Monero, both of which are touted as privacy coins, have some key features in common. For instance, ZEC and XMR are both open source. Both coins are forks of other cryptocurrencies — Bitcoin and Bytecoin for ZEC and XMR, respectively. And both coins use mining-fueled proof-of-work algorithms for network validation — Equihash for Zcash and CryptoNight for Monero. And while the Zcash motto is “all coins are created equal,” perhaps that’s less so for privacy coins. The thing to remember about Monero is its popularity on the dark web where nefarious activities ranging from drug dealing to crypto-jacking hide. As Monero developer Riccardo Spagni once said

6 days ago

EOS Global Hackathon Starts its Grand Finale Week in Cape Town

Block.one, the publisher of the EOSIO blockchain is proceeding to the final leg of the EOS Global Hackathon event. The Grand Finale week of the event begins in Cape Town this week where 19 finalists will compete for the top prize. The winner will be awarded $500,000 by the EOS Venture Capital (EOS VC) team on December 7. The Final Chapter of the Hackathon The hackathon series witnessed participation from over 1,724 contestants from around the world. The series was held in 5 continents from which 19 have been selected for the finals. By the end of the event, EOS VC will have awarded a total of $1.5 million in prizes during the series. Three African teams will also be a part of the event. All the teams come from Kenya where they excelled at the Africa virtual hackathon last month. The Grand Finale of the event will involve an Incubation Week, a seven-day program that will let the finalists attend expert talks and sessions to help them learn more about important blockchain and business topics. There is a dedicated theme for each day. The first day will focus on business review, second on customer insight and so on. The last day will be the Demo Day and awards ceremony. The specific session topics will include investor strategy, financial modeling, token ecosystem and more. Block.one mentors will provide daily coaching and feedback to the finalists to help them create investment pitches. Demo Day Will Decide the Winner On the last day of the event, finalists will showcase their blockchain-based applications and compete for the top spot. The judging panel of the finale includes some of the most prominent names from Block.one and the blockchain industry. This includes Rob Jesudason, the president of Block.one and Dan Larimer, Block.one CTO. Other finale judges include Venture Garden Group CFO Nichole Yembra, Trixta CEO Mark Levitt, Mall for Africa founder and CEO Chris Folayan, former Deutsche Bank Asia CEO Alan Cloete, Sankore Investments founder and MD Titi Odunfa Adeoye and Hames Hedley, the founder, and director of Quicket. The sustainability of a business model that can grow with investment, the target market size, the feasibility as a scalable blockchain business, the presentation and demo quality, and the real-world application and problem-solving abilities are all factors that will be judged on deciding the winner. Rob Jesudason commented in the announcement on the finale: “We believe blockchain will redefine the Internet and society. EOSIO will ease the path to adoption of blockchain technology by creating a system that makes doing business more safe, secure and transparent. The potential to change existing centralized models of commerce and communication is exponential.” EOS Global Hackathon Starts its Grand Finale Week in Cape Town was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

6 days ago

Iranian Bitcoin sanctions set new precedent

Last week, the U.S. Treasury Department of Foreign Assets Control (OFAC) targeted two bitcoin addresses, announcing that the wallets associated Iranian citizens Ali Khorashadizadeh and Mohammad Ghorbaniyan had been added to the Specially Designated Nationals sanctions list. The sanctions, which are the first of their kind, are part of a wider move to track and restrict movements in the digital space involving money laundering and cybercrime. Additionally, the OFAC noted that the agency would be looking into exchanges who facilitated transactions by these individuals, stating “We are publishing digital currency addresses to identify illicit actors operating in the digital currency space. Treasury will aggressively pursue Iran and other rogue regimes attempting to exploit digital currencies and weaknesses in cyber and AML/CFT safeguards to further their nefarious objectives.” The cause for the sanctions, according to the OFAC, was that Khorashadizadeh and Ghorbaniyan were involved in malicious SamSam ransomware attacks. In addition to the sanctions placed on Khorashadizadeh and Ghorbaniyan, it is noted that two others, Faramarz Shahi Savandi, and Mohammad Mehdi Shah Mansouri had been officially charged with one count of conspiracy to commit wire fraud, one count of conspiracy to commit fraud related to computers, and other counts accusing them of intentionally damaging protected computers and illegally transmitting demands related to protected computers. The SamSam ransomeware has impacted over 200 victims to date, including hospitals, corporations, universities and government facilities. In an interview with CoinDesk Ghorbaniyan explained, “I didn’t know the SamSam criminal activities were associated with the bitcoins I received from these two customers and I’m honestly still not sure if these two people are behind the SamSam crimes.” Adding, “I do a standard know-your-customer (KYC) procedure. And there’s no reason to be suspicious of my customers once they do KYC.” Sanctions Set a New Precedent Though Khorashadizadeh and Ghorbaniyan were targeted for potential involvement in criminal activities, the U.S. Treasury Department’s move sets a new precedent in the crypto-sphere. With Iran currently reeling from wider economic sanctions from the U.S., and bitcoin usage on the rise in the Middle-Eastern country, it is possible that these actions could be the first of many. And the consequences for exchanges caught in the crossfire could be severe. “As Iran becomes increasingly isolated and desperate for access to U.S. dollars, it is vital that virtual currency exchanges, peer-to-peer exchangers, and other providers of digital currency services harden their networks against these illicit schemes,” explained Sigal Mandelker, Treasury Under Secretary for Terrorism and Financial Intelligence. U.S. Department of Homeland Security Takes Aim at Privacy Coins In addition to the push to crack down on illicit bitcoin transactions, authorities are also looking at ways to reign in privacy coins such as Monero and Zcash, according to a new PreSolicitation. “A key feature underlying these newer blockchain platforms that is frequently emphasized is the capability for anonymity and privacy protection. While these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature,” the PreSolicitation states. The notice suggests that the U.S. Department of Homeland Security is considering the development of a forensics tool which will allow the agency to monitor, track and identify users of a number of privacy coins, much like Chainalysis has done with the Bitcoin blockchain. The post Iranian Bitcoin sanctions set new precedent appeared first on Crypto Insider.

6 days ago

Just two days to go until the launch of ASEAN’s biggest and ...

Just two days to go until the launch of ASEAN’s biggest and first dev hackathon as part of ETHSingapore! Register y… https://t.co/CsozCFG8wJ

6 days ago

Paxful Completes Second School in Rwanda #BuiltWithBitcoin

Paxful, one of the largest peer-to-peer (P2P) bitcoin marketplaces in the world, is once again demonstrating how the cryptocurrency community can contribute to good causes around the world. The company has announced that the second school it has helped to finance in Rwanda has now been completed. Also Read: Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’ Giving Kids a Crucial Stepping Stone This project was funded entirely through cryptocurrency donations as a part of Paxful’s #BuiltWithBitcoin initiative, with over $100,000 raised in BTC, BCH, ETH, LTC and DASH to support construction. It is said to be the first primary school in the area that caters to kids between the ages of 6 to 15. The facility contains six classrooms, a cafeteria, bathroom stalls, solar panels and a 35,000-liter water well system. It was completed in partnership with the Zam Zam Water charity and will employ six full-time teachers. “Having proper education centers is fundamental in moving countries like Rwanda forward, while also increasing their standard of living. Education is the crucial stepping stone in serving people in developing nations improving their quality of life,” said Yusuf A. Nessary, president and founder of Zam Zam Water. “We are beyond thrilled to have partnered with Paxful in order to provide education for (the) next generation and beyond.” View this post on Instagram A post shared by Ray (@wolfgang432) on Oct 24, 2018 at 8:54pm PDT Bitcoin Is More Than a Speculative Tool Paxful, which recently reported that its monthly bitcoin volume in Africa has reached about $65 million, launched the #BuiltWithBitcoin program last year. It started by donating $50,000 in bitcoin to build its first nursery school in Rwanda, with plans to fund and build 100 schools across Africa. Earlier this year, the company also granted academic scholarships to a couple of female Afghan refugees in the U.S. “We encourage the cryptocurrency sector to contribute more to humanitarian projects. The #BuiltWithBitcoin initiative is an example of bitcoin being used as more than a speculative tool, but a testament to the usefulness of cryptocurrency,” said Ray Youseff, the CEO and co-founder of Paxful. “To date, we have built two schools — a nursery and a primary school in Rwanda, Africa — and provided scholarships to Afghan refugees, and plan to continue these philanthropic ventures.” View this post on Instagram #builtwithbitcoin school number 2 is on the way! A primary school in #rwanda next to the first school a nursery! #bitcoin for the epic win! @gopaxful #cryptocurrency #blockchain @zamzam.water and @yusufnessaryare the heros here! A post shared by Ray (@wolfgang432) on Sep 18, 2018 at 1:59am PDT Do you know any other crypto-friendly charities? Tell us about them in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Paxful Completes Second School in Rwanda #BuiltWithBitcoin appeared first on Bitcoin News.

6 days ago

G20 regulations: what does it mean for crypto?

During the G20 meeting in Buenos Aires Argentina ending on December 1st, it was agreed to regulate cryptocurrencies according to the Financial Action Task Force (FATF) standards. Let’s dig deeper into how power and control is at play. G20 agrees to regulate “crypto-assets” The G20 forum of nations came together for their annual meeting over the last weekend in Argentina. In the one of the sessions, it was decided that a collective reform is necessary to the regulation of the growing digital economy: “We will step up efforts to ensure that the potential benefits of technology in the financial sector can be realized while risks are mitigated. We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.” It was also said that we can expect a follow-up report agreements on taxation of “crypto-assets”: “We will continue to work together to seek a consensus based solution to address the impacts of the digitalization of the economy on the international tax system with an update in 2019 and a final report by 2020.” This is one of the biggest, global moves towards the regulation of cryptocurrencies. The Financial Action Task Force (FATF) is an inter-governmental body. On its website, it defines its objectives, according to which the regulation will take place: “The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is, therefore, a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.” Regulation: for good and for bad Like any issue, the regulation of cryptocurrencies has two sides. On one hand, regulation allows the mass public to be convinced that cryptocurrencies are not just for criminals, as has been common belief for many years. For the public which trusts its government, regulation makes cryptocurrencies more accessible. Furthermore, Brookings Institution writes that comprehensive regulation of cryptocurrencies and ICOs is a good thing: “A cryptocurrency market that is effectively regulated will mean a decrease in the herd-driven volatility exciting the market—even as the value of cryptocurrencies continues to rise.” US Secretary of Treasury, Steven Mnuchin, claims that bitcoin trading firms are obliged to track bitcoin transactions. Earlier this year, he said: “We can track those activities. The rest of the world doesn’t have that, so one of the things we will be working very closely with the G-20 is making sure that this doesn’t become the Swiss bank account.” At the G20 this year, it was reported that Mnuchin said the US favored a broad approach to dealing with digital economy taxation issues. However, on the other hand, regulation limits innovation which is at the core of the movement. Bitcoin was designed to be borderless, censorship-resistant and politically neutral. Also anonymity, in transactions and ownership, is a critical part of Satoshi Nakamoto’s philosophy, as depicted by the inventor’s pseudonym itself. Bringing in government regulation is contradictory to the whole idea which made cryptocurrencies appealing in the first place - an independence from the traditional financial system. Banking and government institutions are very much capable of causing massive disasters, such as the 2008 crash, corruption, or financial and political instability as seen in Zimbabwe and Venezuela. In this case, it is a great advantage to be able to rely on an alternative network. It is empowering to people as individuals rather than centralized powers. In addition, regulation seriously limits the innovation taking place in the cryptospace. A great advantage of the open source and unregulated space of blockchain technology is fast-paced and dynamic nature of growth which allows. Another danger is that it pushes a part the movement underground, out of regulation’s reach, making development off this space riskier and harder to access. The issue is that many of the people who are putting their money into cryptocurrencies now are not attached to the philosophy on which the technology is based, but are rather looking to increase wealth. Regulation is then a form of capital protection, which is favored. A play of power and control The fact that right now currency exists outside of a central authority such as a bank, a state or a ruler, is unprecedented in human history. It is only natural for people to be skeptical of such radical changes. It is even more natural for institutions in power to assert their influence to be able to survive the wave for as long as possible. Using the ubiquitous reason that regulation is against crimes such as money laundering and terrorism, government institutions can

6 days ago

Venezuela President Increases Petro Value by 150 Percent

President Nicolás Maduro of Venezuela recently assigned a new value for the Petro - the country’s controversial state-issued cryptocurrency. The Venezuelan leader also announced a minimum wage increase as part of the government’s efforts to stimulate the country’s battered economic condition. Petro Now at 9,000 Bs.s In a broadcast to the nation on Thursday (November 29, 2018), President Maduro announced a new value for Petro - the national cryptocurrency. The President fixed the price of the Petro at 9,000 sovereign bolivars (9,000 Bs.s). This new value represents a 150 percent increase from the previous value of 3,600 Bs.s assigned by the government back in August 2018. The announcement comes even though there isn’t yet a wallet for the cryptocurrency. Purchasers of the digital currency have only received certificates as proof of ownership of the virtual currency. Petro Keeps Sinking into ‘BS’ Territory Most cryptocurrency purists will most likely find the idea of a government assigning a value to a virtual currency token as being laughable. Surely, the Petro cannot be a cryptocurrency if President Maduro can decree a price for it. When the President Maduro-led government introduced the sovereign bolivar in August, it pegged it to the Petro. At the time, the assigned value of the cryptocurrency stood at $60 (3,600 Bs.s). This latest announcement isn’t only antithetical to cryptocurrency tokenomics; it is also essentially another devaluation of the Bs.s. Usually, token prices come about based on market factors like supply and demand, but not the Petro. Venezuela’s national digital currency runs on its special kind of “tokenomics.” In November, Live Bitcoin News reported that the government planned to use the Petro as a unit of account for international crude oil trade. It’ll be interesting to see how that plan works with this new announcement. President Maduro Decrees Salary Increase During the broadcast, President Maduro also announced an increase in the national minimum wage. According to the Venezuelan president, the wage hike is part of the government’s economic recovery plan which it launched in August. The wage hike like the new Petro value was an increase of 150 percent. The President also said that workers would receive three bonuses in December as well as 20,000 tons of pork. Venezuela continues to battle with hyperinflation and severe economic crisis. Citizens have taken seriously to cryptocurrency as a way of escaping the dire financial situation in the country. Do you think the Petro qualifies as a cryptocurrency given the fact that the President can unilaterally decree its value? Let us know your thoughts in the comment section below. Image courtesy of Shutterstock.com. The post Venezuela President Increases Petro Value by 150 Percent appeared first on Live Bitcoin News.

6 days ago

ICO Project Blockvest Beats SEC in Federal Court

CoinSpeaker ICO Project Blockvest Beats SEC in Federal CourtLast week, the United States District Court for the Southern District of California ruled the case between the U.S. Securities and Exchange Commission and a crypto initial coin offering project called Blockvest and its founder and chairman Reginald Buddy Ringgold III. Though it could sound even surprising for the community, nevertheless, the court ruled the case in favor of the ICO project.A Little Bit of HistoryThe complaint against Blockvest’s ICO and its chairman and founder, Reginald Buddy Ringgold III was filed nearly two months ago, on October 3, 2018. The SEC considered BLV tokens that were sold by the company to be unregistered securities.Though according to the documents Blockvest claimed to be the first licensed and regulated tokenized cryptocurrency exchange & index fund based in the US, the SEC insisted that the project had no right to pose itself as “registered” and “approved” by the commission.Moreover, the SEC accused Blockvest of having created a fictitious regulatory agency called the Blockchain Exchange Commission (BEC) that has its fake government seal, logo, and mission statement that are very similar to those that are owned by the SEC. What’s more, Blockvest indicated the BEC’s ‘office’ which is the same as the SEC’s one.On October 11, 2018, the court took a decision to temporarily restrain order and freeze the assets involved in the project’s ICO.Court’s DecisionNevertheless, further, the deal took another direction. The court heard a number of arguments provided by plaintiff SEC on the fact that BLV tokens should be treated as securities based on the three-part Howey test. Nevertheless, the court concluded that there were not enough facts proving that statement and refused to acknowledge the token as a security-based only on the distribution method of the above-mentioned asset.The court stated:“The court concludes that [the] plaintiff has not demonstrated a prima facie showing that there has been a previous violation of the federal securities laws ... the court denies plaintiff’s motion for preliminary injunction.” What It Means for the MarketSuch a decision of the court was definitely a rather unexpected one, nevertheless, it established a real precedent for the market. But at the same time, it is not actually a great victory to the entire cryptocurrency industry.Just recently, Jay Clayton, the chairman of the SEC, has noted that most ICOs are viewed as securities under existing U.S. regulations and added:“If you finance a venture with a token offering, you should start with the assumption that it is a security”.Nevertheless, it’s worth mentioning that promotion of an ICO that is acknowledged to be a security without offering compensation for the participants can lead to serious penalties. The fine could be twice higher than the potential compensation itself.The community has already seen such a case when Floyd Mayweather was obliged to pay more than $600,000 while he had obtained just $300,000 for taking part in the promotion of three ICOs.ICO Project Blockvest Beats SEC in Federal Court

6 days ago

EOS Block Producer Openly Pays People for Votes

CoinSpeaker EOS Block Producer Openly Pays People for VotesStarteos, a block producer for the EOS blockchain, has openly offered to share part of its income with users. This is significant because it suggests that the EOS network, which is one of the most valuable blockchains in the world, is not, in fact, ddecentralizedor democratic at all, contrary to its own claims.It is also important because of the size of the company. This Ethereum-esque blockchain network, raised $4 billion during its initial coin offering, and its token, EOS, has a current market value of $2.5 billion.With its election system, the EOS network always claimed to be a highly democratized network because, just like the Tron network, it lets the users vote on the companies that they want and, therefore, it works just like a representative democracy.However, only 21 users/companies verify all the transactions that happen on the EOS blockchain, a fairly small number of representatives. In Bitcoin, anyone can do it, for instance. These are different systems and both are ok but not without their issues.Starteos, one of the official sanctioned nodes which can approve EOS transactions, said in a Medium post Nov. 27 that “after delegating Starteos.io as proxy, you could get continuous and stable EOS revenue.”The Chinese outfit, which has yet to comment on allegations it runs against decentralized and democratic blockchain procedures advocated by EOS itself, framed the revenue scheme as a reward for token holders.“The ‘winter’ of cryptocurrencies has come. How much faith do you left to (sic) have? Now, Starteos is still gonna stay with YOU, our most important and best friends! And we gonna share the proceeds with you and make through the difficulties together.”EOS is declining by over 10% in the market today. As the overall crypto market is under the control of bears, the cryptocurrency has become one of the top losers in the market today. A massive selloff has caused the digital currency to smash through the oversold territory.Sellers are pushing the crypto asset down after it faced consolidation at the beginning of the day.EOS runs on a system called delegated-proof-of-stake, which basically means that the only power users have to verify transactions and make decisions regarding system updates is by voting for a representative to do it for them. Like with other cryptocurrencies, processing transactions brings in an income. Unlike other cryptocurrencies, these 21 nodes are the only ones that can process transactions, and so earn approximately $10,000 a day.In October, Block.one, the developer of blockchain protocol EOS, was accused of allowing voting manipulation on its network and participation in a collusion.The statement was signed by Block.one’s CEO, Brendan Blumer. It read:“We are aware of some unverified claims regarding irregular block producer voting, and the subsequent denials of those claims. We believe it is important to ensure a free and democratic election process within EOS and may, as we deem appropriate, vote with other holders to reinforce the integrity of this process.”Just for a reminder, in November this year, the independent benchmark testing dubbed the EOS platform as a cloud service built with a centralized design that suffers from serious security breaches.As a part of its testing procedure, Whiteblock created a working replica of EOS and applied real work simulations to determine its performance and access its abilities.The test measured the performance of the EOS network in terms of its transactional throughput, its resilience to adverse network conditions, the effects of variable transactions rates and sizes on the network, its average transaction time, its fault tolerance, and its partition tolerance.A few months ago Coinspeaker reported the EOS started out as an ERC20 token but migrated to its own platform. The team behind the EOS mainnet has promised the platform to have an advanced level of security along with tremendously high transaction rate.It was a matter of time before such vigorously claims have wrought the attention of blockchain testing firm Whiteblock Inc. that decided to analyze the EOS capacity.EOS Block Producer Openly Pays People for Votes

6 days ago

Bitcoin Mining Difficulty Hits the Biggest Drop in 7 years

As Bitcoin price drops below $4k, even briefly touching $3,500, the hash rate of the bitcoin network took a beating as well resulting in the fall of Bitcoin mining difficulty as well. This time, difficulty drops 15 percent, the second-highest in the history after the highest in November 2011. Bitcoin Mining Difficulty Makes Adjustment with the Price This year saw a continuous ascent in Bitcoin mining difficulty until two months back when it started dropping down as shown in the chart below. Source: Blockchain.com During the October month, Bitcoin price maintained stability around $6,500 mark but in the mid of November, prices fell down to $3,500 level. Source: Coinmarketcap During these last two months, as prices took a hit, Bitcoin miners shut down their rigs that resulted in the fall of hash rate and subsequently the mining difficulty. Actually, every two weeks, the hashing difficulty algorithm of Bitcoin is adjusted in order to maintain the usual 10 minute block time. Since the prices took a hit in mid-November, it has been already adjusted twice. And as a result of this adjustment, the difficulty has been on a downward spiral. Source: Bitcoinwisdom.com Mining difficulty is adjusting itself to the falling price as recently stated by the CoinShares in its report on Bitcoin mining, “Difficulty resets to a lower level and the all-in cost of mining falls to a level where it is again right below the price of bitcoin.” Now, Bitcoin mining difficulty is seeing a fall of 15 percent which is the biggest one in the past 7 years. In the history of Bitcoin, this is the second highest drop after November 2011’s 18 percent fall. Fernando Ulrich, the Chief Analyst at XDEX, shared the data on Twitter, #Bitcoin just had its second largest drop in mining difficulty in history: -15.1%. This is the current ranking: 2011-nov-01: -18.0%2018-dec-03: -15.1%2011-oct-16: -13.1%2012-dec-27: -11.6%2011-mar-26: -9,5%2013-jan-26: -8.6%2011-dec-01: -8.5%2012-may-25: -9.2% — Fernando Ulrich (@fernandoulrich) December 3, 2018 However, it is nothing of concern as one Bitcoin enthusiast Tweets, re: mining death spiral "Once the price hits miners will turn off their equipment and bitcoin will die" Nope. That's the beauty of the difficulty adjustment. Every miner that is turned off increases the profitability of remaining miners. — Matt Odell (@matt_odell) November 25, 2018 Another enthusiast comments, “Largest decrease after one of the largest increases in its history. Just a correction to the mean, nothing more.... And it will all come back in due time, hardware is there, produced and ready to be plugged in, just not part of the current state of the network.” Another one shared, “In three of the previous instances, mining difficulty reductions happened in a bear market - like today. In ALL previous instances, the price of $BTC 3 & 12 months later was significantly higher. Although not as high as in bull market instances.” The post Bitcoin Mining Difficulty Hits the Biggest Drop in 7 years appeared first on Coingape.

6 days ago

GM Extends Blockchain Use Case Beyond Fintech into Driverless Cars

General Motors (GM) may be among the few legacy industries who are expanding the use case of blockchain technology beyond the financial sector. This interest became clear in a patent application submitted on Thursday submitted to the US Patent and Trademark Office. The patent application published on 29 November by the US Patent and Trademark Office (USPTO), details how blockchain will be applied to manage interoperable data systems for automobiles. Focused on how self-driving cars would store and share data on a distributed ledger, the company wants to extend blockchain applications beyond the current fintech usage. The document reads: “Blockchain technology while associated with use in the financial sector has applicability to the non-financial sector and in this case, for use with autonomous and non-autonomous vehicle technologies.” The document further explains how data stored can be shared easily among the blockchain users. More so, the blockchain-based data has an intrinsic role to play in navigation, explaining: “It is desirable to provide locations information and densities of vehicles in regions in an online blockchain ledger for interoperable information sharing between vehicles of participants for use in navigating routes.” In the document, there’s also a proposed use to exchange data between municipalities, local authorities, and public facilities such as the airports. The essence here is to operate a seamless, verification system among the various entities. It states explicitly that they’ll “implement a common blockchain exchange... [for] validity of permits and licenses to operate as hacks, taxis, or other for-hire services”. More so, the taxi ticketing industry can profit from it as it can use the blockchain’s perks in storing and sharing data on the immutable ledger. GM has been making efforts to advance blockchain in the automobile industry. It’s part of a consortium called Mobility Open Blockchain Initiative (MOBI) set up to create a wholesome environment for the transition of the automobile industry into the blockchain space. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post GM Extends Blockchain Use Case Beyond Fintech into Driverless Cars appeared first on BitcoinNews.com.

6 days ago

Binance Coin Price Surges Following two Major Announcements

The current cryptocurrency momentum tends to raise a lot more questions than some are comfortable with. That is only to be expected, as it seems there is no consistency to note whatsoever. Now that all markets start to recover again, things will get a lot more interesting. The Binance Coin price, for example, shows how things can improve fairly quickly. Binance Coin Starts to Pile on the Gains There have always been high expectations when it comes to native exchange currencies. In the case of Binance Coin, the currency of the Binance exchange, things have gone according to plan, for the most part. Although its value has been quite substantial throughout 2018, it too faced a big dip in the past few weeks. Some of those losses are now being recovered in quick succession, which is pretty interesting to keep an eye on. Over the past 24 hours, there have been some interesting developments regarding Binance Coin’s price. Its value rose by over 8% in USD value, and noted a similar gain over Bitcoin. Perhaps the more impressive development is how BNB gained over 9.5% over Ethereum as well, which further confirms things are going according to plan. This is also the first time in a while the BNB price surpasses $5.5 again. Several key developments have taken place this week which warrant such a Binance Coin price increase. The first tidbit of news comes in the form of a partnership between Decentraland and Binance. BNB Will become one of the tokens accepted during the upcoming LAND auction, which adds another use case for Binance Coin to the list. Tokens like these, while initially designed for the Binance exchange, can serve many different purposes in the long run. Secondly, it would appear the Binance Coin token is now accepted on the Trip.io platform. More specifically, customers can make reservations for over 450,000 hotels and lodgings around the world by using the BNB token. This makes it another very useful token first and foremost, and one that goes well beyond cashing using it to reduce fees on the Binance exchange itself. A very positive development, that much is evident. 【Breaking News】We are pleased to announce a strategic partnership with @Binance. From now on, more than 10 million users of Binance can make reservation for 450,000+ hotels worldwide using $BNB on Tripio. Thanks for the support of @cz_binance#blockchain #TRIO #Crpyto pic.twitter.com/A6kwgUsovO — Tripio (@thetripio) December 4, 2018 There is also a lot of confusion as to what users “obtain” when they buy BNB tokens. It is a utility token to reduce trading fees on the exchange, yet some people assume this also entitles them to owning a share of Binance as a company. That is clearly not the case whatsoever, as no one but actual investors can own a stake in Binance. An interesting discussion takes place on Twitter claiming this is a “clever loophole”, although that statement doesn’t make too much sense. No, it's not an investment in Binance. You own no part of the company by owning any number of #BNB tokens. — Manish (@real_zao) December 4, 2018 Following these gains, it will be interesting to see what the future will hold for the Binance Coin price. This current trend is rather bullish, although it is expected most currencies will follow suit. For now, BNB maintains the $15 spot in terms of market cap, although it can be overtaken by some other projects moving forward. With these new use cases being added, however, the public’s perception of BNB may change in many different ways. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Binance Coin Price Surges Following two Major Announcements appeared first on NullTX.

6 days ago

Ethereum Classic Development Team (ETCDEV) Ceases Operations Due to Lack of Funding

In a Tweet posted several hours ago by the Ethereum Classic Development Team (ETCDEV), the team informed the community that they were shutting down operations due to a lack of funding. Part of the statement released read: “As is publicly known we have struggled with funding our operation in the last few weeks. This was partially due to the market crash, combined with a cash crunch in the company. Unfortunately, ETCDEV cannot continue to work in the current situation and has to announce the shutdown of our current activities, effective immediately.” (JF)

6 days ago

NullTX Announces the Dissolution of Its Partnership with Nullex

December 3rd, 2018 - NullTX has announced the dissolution of the partnership with Nullex. After announcing the partnership in October 15th, the relationship is terminated due to team differences. As a result of this termination, NullTX will no longer be accepting NLX for any of its ad packages. Furthermore, Nullex will no longer be maintaining masternodes on behalf of NullTX. Lastly, Marat Arguinbaev - the Founder of NullTX - will no longer be an advisor to the Nullex Core team. On Twitter, Erik F Co-founder & COO of Nullex said: “Just to confirm that the dissolution of the partnership was decided by Nullex Core team due to the lack of engagement provided by NullTX during the trial period. We wish you all the best for the future” Just to confirm that the dissolution of the partnership was decided by Nullex Core team due to the lack of engagement provided by NullTX during the trial period. We wish you all the best for the future — Erik F. - NulleX Cryptocurrency Team (@The_Mr_Erik) December 3, 2018 NullTX further confirms that part of the reason for the termination of the partnership was due to differences in each team’s expectations. About NulleX Nullex is a privacy centric cryptocurrency which is a fork of PIVX. It recently released the DMRS upgrade for masternode holders. According to coinmarketcap, Nullex is currently valued at $0.009 with a total market cap of $390,395 USD. About NullTX NullTX aka Null Transaction, is a cryptocurrency news site originally founded in 2014. According to Alexa, it has over 500k monthly pageviews, and it ranks in the top 17k most popular sites in the US. The post NullTX Announces the Dissolution of Its Partnership with Nullex appeared first on NullTX.

6 days ago

KuCoin Lists XRP with 8 Trading Pairs

On Monday KuCoin announced that it had listed Ripple’s XRP as a trading pair with 8 cryptocurrencies. The altcoin is now a base pair for BTC, USDT, ETH, PAX, TUSD, USDC, KCS and NEO. KuCoin is also offering a 99 percent discount on all fees for the XRP trading pairs up until December 10. The move is thought to be part of a campaign to legitimize the platform and improve its reputation. In November, KuCoin also delisted 6 altcoins and the exchange recently acquired $20 million in Series A funding from IDG Capital, Matrix Partners, and Neo global Capital. (RS)

6 days ago

Revealed: McAfee 2020 Campaign Plans To Use Skycoin

John McAfee, the one-time antivirus software developer and vocal libertarian cryptocurrency advocate, plans to use Skycoin (SKY) in his 2020 campaign for the American presidency, Crypto Briefing can reveal. Drew MacGibbon, the Asia events lead for Skycoin, said McAfee planned to use the project’s Skycoin BBS, a social media application, in his election campaign. McAfee, who will first need to seek nomination from the Libertarian Party, will run on a platform of demanding greater acceptance for cryptocurrencies. “McAfee wants to use Skycoin’s social media platform for his presidential campaign,” MacGibbon told Crypto Briefing, during a Skype call. “Regardless of the result, he wants to use it to draw attention to cryptocurrency.” A spokesperson for the McAfee 2020 team told Crypto Briefing that they wouldn’t be able to confirm or deny at this time. Described as a decentralized version to Twitter, Skycoin BBS hopes to become a viable alternative to the big social media giants. It will work on Skycoin’s “flagship application,” the internet platform Skywire. This works as a mesh network with thousands of nodes - 9,000 at the last count - all over the world that can send and receive internet traffic. Although Skycoin BBS will play a crucial part in the McAfee campaign to help spread his message and encourage discussion, MacGibbon explained that it hadn’t actually been built yet. It “wasn’t a priority at the moment.” It will, however, reportedly be up and running before the race begins. Presumably, that means sometime next year. The McAfee Skycoin Partnership Details are still scant, but the decision to use Skycoin during his presidential race reflects McAfee’s sudden surge of enthusiasm for the decentralized web provider. He only met Skycoin for the first time a month ago. He shared a stage with Skycoin’s co-founder ‘Synth’ at the Malta Blockchain Summit, which took place right at the end of October. They spent more than an hour talking, according to MacGibbon. McAfee was given a Skyminer - used to process transactions and provide storage capacity for the network - at the end of their first meeting. Since then, the relationship has become closer. A boat party and a few meetings later McAfee tattooed the Skycoin logo onto his lower back within a week. This was reported by many crypto outlets - not ours - and led to a 10% surge in the SKY token price. MacGibbon said that it had originally been proposed as a joke and they were surprised when he did it. McAfee even reportedly paid for it. Later on, McAfee invited the Skycoin team to celebrate Thanksgiving. Some of the Skycoin team were actually at McAfee’s house when Crypto Briefing spoke to MacGibbon last week. What will the SEC say to McAfee 2020? Skycoin wasn’t helped when a journalist for TheNextWeb published an article that called it a ‘scam’. Although the Skycoin team quickly posted a rebuttal, the damage was done. MacGibbon, whose role focuses on the project’s public image, said it had taken months of PR to mediate the effects. Whether Skycoin BBS will be ready in time depends, by the sounds of it, on how quickly Skycoin developers can build all the other things that take precedence. There’s also the worry that McAfee might face legal difficulties. The SEC said at the weekend it would crack down on social media influencers who receive payments to promote token sales. The financial authorities ordered two ICO projects - Paragon and Airfox - to reimburse investors in November. DJ Khaled and boxer Floyd Mayweather have already had to settle with the SEC. McAfee, who reportedly charged $100,000 per promotional tweet on his now-defunct ‘Coin of the Day’ series, said he remained unfazed earlier today. Me? Worried about the SEC? I have openly, publicly and in the media ridiculed that corrupt, puss filled, bile dripping abcess on the fabric of America. Come for me SEC. I will, in every media outlet in this country, rip you a new asshole worthy of parking a tractor trailer in. — John McAfee (@officialmcafee) December 3, 2018 McAfee announced his intention to run during the summer and doesn’t expect to win. But if all goes well he could raise the tone for the White House: a President who’s a foul-mouthed, self-serving, misogynistic gangster who spends most of his time shilling his own golf cour... sorry, crypto projects... would be a real step up for the USA. Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets. The post Revealed: McAfee 2020 Campaign Plans To Use Skycoin appeared first on Crypto Briefing.

6 days ago

#BitcoinCash #BCH @BITCOlNCASH Has the greatest and best com...

#BitcoinCash #BCH @BITCOlNCASH Has the greatest and best community and you a part of it. Big things are coming for… https://t.co/ZJBpLuuwXo

6 days ago

We've just published the first part of our AMA/FAQ livestrea...

We've just published the first part of our AMA/FAQ livestream live from Toronto's #CryptoCamp Unconference. We'll… https://t.co/nkw2wMZF8d

6 days ago

State of Asia Cryptocurrency and Blockchain: Asia (ex-China) Part 1

As you may have read last week, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with a commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments) Asia Countries ex-China (with a commentary on regulations, media sentiments, crypto projects, exchanges and company developments) Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc) Crypto Projects and Funding Trends Check out our previous piece on China. This week, we will be discussing the latest developments in the rest of the Asian countries- Japan, Korea, Singapore, Thailand and India. Given the length of the post, we are splitting the post into several parts. This post will be on Korea and Singapore. Check out the latest post on Japan’s here. We just also released A Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore and a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. State of Asia Cryptocurrency and Blockchain: Asia Countries (ex-China) Part 2: Korea, Singapore, Thailand Read part 1 on Japan here A. Korea What’s been happening: Blockchain adoption in the government has been accelerating and increasingly promoted in Korea in the last month. Trading and exchange are now further validated by recent regulations. South Korea’s Ministry of Science and ICT, and the National Election Commission said they will develop a blockchain-based online voting system by December. The South Korean government has agreed to invest $35 million, triple that of 2018, in next year’s budget to develop blockchain technology and industry related to distributed ledger technology. The government is also looking to use blockchain technology for tracing beef and providing consumers with information from the food supply chain. Cryptocurrency project ICON showcases 3 joint blockchain apps at an event supported by Seoul Government- Blockchain ID card, voting, and S-coin. Korea’s Financial Services Commission has cleared banks to work with cryptocurrency exchanges by providing virtual bank accounts, and every bank account holder is provided with a virtual bank account by the account issuer. South Korea court has also said banks cannot unfairly treat crypto exchanges. Upbit, South Korea’s largest crypto exchangeby volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency for having a strong infrastructure in place. Korean crypto giant Bithumb makes into U.S. foray with a partner to create a security token exchange. Newcomer Korean exchange Pure Bit reportedly scammed with at least 13,000 of investor Ethereum. On the project side, South Korea’s messaging giant Kakao and Stablecoin Terra partner for blockchain payment system. Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. What this means: Korea’s national election commission ran an online voting system, dubbed K-voting, back in 2013, which has since been used by 5.64 million people but trust in the voting system remains low due to hacking and fraud concerns. Subsequently, the regulators are looking to deploy a blockchain voting system and is starting with a trial next month. Korea regulators have always been very vocal about the use case of blockchain and it is clear that they have high hopes for it and is not afraid of test it out. The government are also willing to dedicating resources and funds.Given the small Crypto community in Korea, most of the activities are happening in Seoul. On top of the government blockchain budget, Seoul recently announced that they would create a blockchain complex to house around 200 companies as well as create a 100 billion won ($88 million) fund to foster talents in the sector. Regulators also recognize their own technical limitations and have been working closely with the largest funds and projects in Korea. ICON is one of the largest projects in Korea, and it certainly demonstrates an extension of what Korea government wants to do with blockchain- Blockchain ID card, voting, etc. Recently, the ICON Team received the Korean ‘Minister of Science and ICT (MSIT) Award’ in recognition of its contributions to the development and popularization of the blockchain industry in Korea Despite the success with the governors, ICON’s lack of organization and communication with its community proves concerning, and highlight some of the flaws of Korea projects, which is that they are perhaps som

6 days ago

Blockchains LLC Will Operate As Telecom Provider in Rural Nevada County

For Blockchains LLC recently received the nod from regulators to work as a telecommunications provider in a small, rural county. The order was approved by Nevada’s Public Utilities Commission last week to start working in Storey County. Blockchains LLC’s Land Purchase In January this year, Blockchains LLC bought about 67,000 acres of land in Storey County, located to the east of Reno, at an industrial park which provided it the necessary permissions to create a major fiber optic telecommunications network. A total of 74,000 acres of land was sold at the park worth $175 million at the end of January, of which a majority went to Blockchains LLC. Commissioner of Storey County, Lance Gilman said at the time: “There’s no question — they’re going to have a major footprint in the Tahoe-Reno Industrial Center.” Blockchains then filed an application with the PUC in August and stated that it wants to start building a fiber optic network in the County which could be used by both businesses and residents alike. The PUC staff noted that the company had met all requirements under the state law to operate as a telecom provider. No third parties filed an intervention to their application. What Does This Mean for Blockchains LLC? The company is on the path to materialize its goal to create a blockchain oasis in the desert of Nevada. It has an ambitious plan to build a blockchain-based city, complete with schools, blockchain banks, and an e-sports arena, all of which will be a part of its proposed “Innovation Park.” The company, which has 70 employees as of June has opened its headquarters in Sparks. However, the rest of the ambitious project is set to start being developed in the coming future. The Storey County approval for Blockchains LLC to operate as a telecoms provider will be a significant stepping stone towards their grander plans. Blockchains LLC Will Operate As Telecom Provider in Rural Nevada County was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

7 days ago

Crypto still a hot topic among mainstream traders

It’s no secret that 2018 has been a difficult year for crypto. Bitcoin’s price has seen significant downfall, especially in the past few weeks. However, mainstream financial traders are surprisingly still very interested in crypto markets. According to a November 29 report from Abacas Journal, traders at mainstream powerhouse Morgan Stanley are consumed by the concept of crypto trading and its related volatility. Abacas Journal got the chance to interview three traders over at Morgan Stanley’s trading desk. The insight they reportedly offered on crypto is intriguing. The interviewed traders proved to be knowledgeable in crypto, to say the least. They reportedly love the price action associated with crypto, as well as the possible gains. One of the traders stated - “[t]he volatility in Bitcoin alone would be better than sex for us! Movements of 10%-20% over the course of 24 hours. Huge!” Recent news shows significant developments on the institutional side of crypto interest. Nasdaq’s and VanEck’s partnership announcement for a Bitcoin futures trading product headlined many articles. Fidelity also looks to expand its crypto operation. And who could forget the imminent launch of ICE’s crypto platform Bakkt, coming next January? Abacus Journal’s report shows just how excited legacy market traders are to get a piece of the action. “The bottom line on cryptos, we talk about them every day and the plan is to trade the sh** out of them next year. Nearly all of us have built in those profits into our projected earnings next year”, one of the interviewed traders explained. All three traders interviewed by Abacas Journal seem to be intensely excited about future crypto trading, describing the crypto movement as possibly bigger than the famous dot-com era. Apparently many clients also frequently ask about crypto markets. “Give me all of the cryptos and watch what I could do for this place. Clients won’t stop asking about them. I’ve not seen anything like this in my career”, mentioned the third interviewed trader. The Abacus Journal reports - “[e]very major institution that has an interest in satisfying the requests of its biggest clients and generating outsized trading profits with significant margins is offering or planning to offer access to Bitcoin and cryptos. Everybody”. Even with all the downward price action this year, institutional players and entities apparently still want in on the action. Last month, Crypto Insider talked about all the pent up institutional interest with ETF talks, Ethereum futures, Nasdaq interest, and Bakkt, to name a few. Readers will also remember Morgan Stanley’s involvement in the recently launched CLS/IBM blockchain powered payments launch. Bitcoin currently sits at a press time price of about $4k on Blockmodo, down from an all-time high of around $20k. Although some influencers still express significant doubt in cryptocurrency. November 29 saw CNBC interviewing Paul Donovan and his statements of Bitcoin’s impending death. And everyone likely remembers JP Morgan’s Jamie Dimon bashing Bitcoin last year. *CryptoInsider is sponsored by Blockmodo. As part of our arrangement, we may occasionally link to them and quote them when appropriate. This is done at the discretion of CI staff and CI sponsors have no say in any editorial decisions made by CI. The post Crypto still a hot topic among mainstream traders appeared first on Crypto Insider.

7 days ago


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