Primas PST

$0.0953
Market Cap $ 5.022 MM (#404)
24h Volume $ 666.788 K
Chg. 24h: 7.73%
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Primas News

February 18, 2019 @ 8:00 am (PST) — Facebook “AMA/Ask Me Any...

February 18, 2019 @ 8:00 am (PST) — Facebook “AMA/Ask Me Anything” session by our CEO & CTO @ZebidataIndia #AMA… https://t.co/K6SqkutRDi

an hour ago

FYI: Every post on Primas is given a unique digital fingerpr...

FYI: Every post on Primas is given a unique digital fingerprint referred to as DNA. This DNA is proof of content ow… https://t.co/rMXA8UUcTM

2 hours ago

Primas T-shirts for all! This time featuring another member...

Primas T-shirts for all! This time featuring another member of our #Ukrainian community, Inna. A very talented han… https://t.co/lXHO9M2ozG

13 days ago

Every wanted a Primas T-shirt so much you made your own? If ...

Every wanted a Primas T-shirt so much you made your own? If not, why not? Tatyana from #Ukraine has gone all out i… https://t.co/oNmfNnM2Cg

13 days ago

It's a pleasure to introduce the newest publication to land ...

It's a pleasure to introduce the newest publication to land on the Primas #dapp GuideinChina, sister publication o… https://t.co/Q53vzaZIDV

16 days ago

Our bi-weekly #AMA is coming tomorrow, 1/25/2019 from 10:30 ...

Our bi-weekly #AMA is coming tomorrow, 1/25/2019 from 10:30 AM-11:30 AM PST and will be a #livestream one with… https://t.co/TybghP7Mi3

22 days ago

Friendly reminder to pop into ...

Friendly reminder to pop into https://t.co/Usuk7cg8dP from 1pm-130pm PST today to ask @saswata_0chain your 0chain r… https://t.co/D1KfAMRsH3

a month ago

Catch Bancor Co-Founder @galiabenartzi discussing the challe...

Catch Bancor Co-Founder @galiabenartzi discussing the challenges & opportunities of DEXs, today at 2:10 PM PST at… https://t.co/Lr0VKTSJ0g

a month ago

BitTorrent $BTT will be exclusively available on #BinanceLau...

BitTorrent $BTT will be exclusively available on #BinanceLaunchpad on January 28th, 2019 7 AM (PST). Don't miss the… https://t.co/iP2lTRaQm4

a month ago

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

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

a month ago

#BCEX #EMC2 TRADING COMPETITION Jan 18th 23:00 - Jan 27th 2...

#BCEX #EMC2 TRADING COMPETITION Jan 18th 23:00 - Jan 27th 23:00 (PST) 1st: 6,666 EMC2 2nd: 4,666 EMC2 3rd: 2,… https://t.co/tgl67Ia9ok

a month ago

Bytom developer meetup in San Francisco will start at Jan 11...

Bytom developer meetup in San Francisco will start at Jan 11th 7:30 pm(PST) 🥳. If you cannot come, welcome to watch… https://t.co/SxbrDTuRlv

a month ago

What a month! #Korea, #dutch ambassadors, so much work on t...

What a month! #Korea, #dutch ambassadors, so much work on the Primas node and much more, still a long way to go in… https://t.co/lxPqVyhwXK

a month ago

Our next #AMA campaign will be a TECH one and will start fro...

Our next #AMA campaign will be a TECH one and will start from 2:00 PM to 4:00 PM PST on January 4, 2018. Looking fo… https://t.co/wfjDx47ICi

a month ago

AMA TIME This is Saturday at 7pm PST, Dr. Zhou @qc_qizhou w...

AMA TIME This is Saturday at 7pm PST, Dr. Zhou @qc_qizhou will have AMA as usual. Ask any questions about Testnet… https://t.co/5GJpr2mnsu

2 months ago

Introducing the second publication to make its home on the P...

Introducing the second publication to make its home on the Primas #dapp from our friends at @talkbitcointalk. G… https://t.co/rkLovxYUPR

2 months ago

Hello everyone! Our General #AMA campaign has started at ...

Hello everyone! Our General #AMA campaign has started at https://t.co/IpRdOCrc0C and will end at 1PM PST on Decembe… https://t.co/cuuzxOetyF

2 months ago

Analyst: Ethereum Constantinople Will Push Crypto Miners “Out Of Business”

In recent months, as Bitcoin (BTC) purportedly fell through its supposed break-even cost of mining not once, not twice, but three times, the economics of Proof of Work (PoW) have been questioned by wary skeptics. For instance, in an op-ed piece that became an industry hot topic in mere minutes, one MarketWatch contributor claimed that BTC, with its hashrate drought and the whole nine yards, was poised to enter into a death spiral. The piece, lauded as heresy by many crypto enthusiasts, has since begun debunked, and, unsurprisingly, this market’s flagship asset hasn’t crumbled to dust. Yet, many still like to quip about cryptocurrency mining. And recently, a number of industry analysts have aimed their scopes at Ethereum (ETH) and its transaction processing scene. So after BTC was put on public display, it seems that now it is Ethereum’s turn. Ethereum Mining Remains Profitable [For Some] As reported by NewsBTC in mid-November, CNBC, citing data gathered by Susquehanna, a crypto-friendly quantitative trading group, claimed that small-scale mining operations are far from feasible. The Pennsylvania-based firm explained that the average Ether graphics card-powered miner has seen their monthly profits dwindle to zip, down from $150 high seen in May 2017. Susquehanna’s Christopher Rolland explained that even with Nvidia’s flagship processor (GPU), the GTX 1080, the return-on-investment (ROI) provided was dismal. As such, it would be logical to assume that with current profitability trajectories, many miners, even those looking to accumulate ETH, may begin to flunk out of block processing entirely. Yet, in an exposé piece published through DeCrypt Media, Tim Copeland, debunked Susquehanna’s data, claiming that “Ethereum miners are still running strong.” Deutsche journalist Peter Statsenko told Tim that the price of electricity needed for break-even Ether mining is approximately $0.15 per KWH. And, with kilowatt-hour rates remaining well below this figure in a number of countries, namely the powerhouses Venezuela, China, and Canada, there are likely abounding miners continuing to keep their rigs plugged in, letting them hash the night away. It is important to note, however, that in a majority of nations where cheap electricity is scant, mining can be far from financially advantageous. According to OVOEnergy, Japan’s average electricity rate has surpassed $0.26 per KWH — far beyond the supposed level that would facilitate miners. And interestingly, the Ethereum Network’s hashrate statistics have reflected the flunking of some retail miners, with the figure falling by 33% since BTC began its most recent leg lower on November 14th. Related Reading: Cryptocurrency Mining Hardware Maker Turns £1,000 into Over £1 Million in First Year Yet, Constantinople May Throw Crypto Miners For A Loop Prospects may already seem overly dismal for the backbone of Ethereum — miners — but commentators and analysts have accentuated that the onslaught is far from over. In a recent sequence of tweets breaking down this topic from the top-down, Alex Kruger, a crypto-friendly markets analyst, explained that the miners left standing aren’t in the clear. Per Kruger’s analysis, if miners currently paying $0.06 per KWH have an ETH mining “operational break-even [of] $67,” currently $35 (-35%) below Ether’s current value. 1/ $ETH mining operational breakeven, paying $0.06 $/kWh for electricity, currently stands around $67 (estimates depend on operational costs other than electricity). For those buying 2nd hand RX580 GPUs and depreciating them in 1 year, breakeven after depreciation stands at $165 — Alex Krüger (@Crypto_Macro) December 18, 2018 Many have ostensibly continued to hash above this stipulated level, yet Ethereum’s break-even is slated for a steep hike in just three week’s time, which may spell disaster for this pertinent subset of crypto. For those who missed the memo, Ethereum, much like Bitcoin, Stellar, and other notable projects, has long been on a path towards scalability and protocol improvement. The next step in Ethereum’s development is Constantinople, the blockchain’s most decisive upgrade in over a year. The hard fork, which moves the so-called “world computer” one step closer to its Serenity phase (Ethereum 2.0) is set to drop on January 16th. Although the Constantinople hard fork primarily consists of updates that improve Ethereum’s functionality and ability to move to a Proof of Stake (PoS) model, when the upgrade goes live, block rewards will fall from three ETH a block to two. As depicted by the chart below from Eric Conner, a zealous Ethereum proponent, the upgrade will cut the Ether inflation rate from ~6.8% to ~4.25%, dubbed a “huge step towards near 0% network issuances [with] PoS” by Conner. Ethereum’s “Thirdening”, where block rewards will be cut from 3 to 2, is 181,580 blocks away. By my estimates it will activate on January 14th (PST). This will be a huge step in the move towards near 0% network issuance in

2 months ago

Tomorrow 17:30-18:00 in PST time, the community AMA will ret...

Tomorrow 17:30-18:00 in PST time, the community AMA will return on telegram!!! To get your questions answered ahead… https://t.co/zESgeWWy66

2 months ago

Greetings everyone! Our next #AMA campaign will be a GENERAL...

Greetings everyone! Our next #AMA campaign will be a GENERAL one and will start from 11:00 AM to 1:00 PM PST on Dec… https://t.co/SaS5rlFjN8

2 months ago

Introducing our newest publication, Feiy! Debuting on the P...

Introducing our newest publication, Feiy! Debuting on the Primas #dapp with an article about #Christmas in #China,… https://t.co/jFIsTgU8Zv

2 months ago

Bitcoin Surges 10% To $3,550, Yet Calvin Ayre Expects BTC To Fall To $0

Bitcoin (BTC) Booms, Crypto Market Cap Nears $115 Million On the first anniversary of Bitcoin (BTC) hitting $20,000 (for the first time?), the crypto market as a whole has posted a stellar performance, which comes after weeks of dismal price action and lower lows. At the time of writing, as per data compiled by Live Coin Watch, the collective valuation of all cryptocurrencies in circulation is currently $115.57 billion, a $12 billion increase since Ethereum World News’ previous market update published on Sunday. This strong move, which has put BTC above $3,500, a supposed level of resistance, put altcoins into an isolated bull run, causing Bitcoin market dominance to fall to 53.98%, from 54.92% yesterday. Interestingly, while there were no explicit catalysts to back this apparent reversal, volumes remained strong. 24-hour volumes currently amount to $8.81 billion (adjusted), a far cry from the $5.5 billion posted on Sunday. As is a common sight in 2018’s market tumult, today’s move seemingly came straight out of left field. BTC began Monday in the $3,200 range, barely up from the day prior. But after a multi-hour lull, BTC began to pop, moving from $3,220 to $3,380 in an hour’s time. Some traders have speculated that Wall Street and other bigwig buyers are looking to secure BTC holdings before the holiday season and 2019. After hitting $3,380, BTC began to slowly scale upwards, moving to $3,420 by noon (PST). In a run-off of the earlier spike, the prominent asset experienced another $120+ candle to the upside, quickly reaching a daily high of $3,540. Since the two strong wicks upwards, BTC is up 9% in the past day. The asset is currently valued at $3,494 on Coinbase ($3,550 global average). As alluded to earlier, altcoins followed suit in this recent market recovery. Yet, a number of altcoins actually performed the unquestioned market leader. XRP, for instance, posted a gain of 14.3%, recovering well above the $0.32 price level. Ethereum (ETH) mirrored BTC’s performance, moving up 10.35% in the past 24 hours. For the most part, the performance of altcoins was somewhere between that of XRP and ETH. Yet, there were some outliers. EOS has found itself up by 25%, moving past Stellar’s XLM (up 12.5%) and Tether (USDT) in terms of market capitalization. Dogecoin (DOGE), now the 20th most capitalized crypto asset, also relished in the brief spurt of sunlight, moving upwards by 18% within a few hour’s time. BSV Advocate Calvin Ayre Convinced BTC Will Fall To $0 Although BTC is undoubtedly on the rise today, indicating that it’s far from dead, some are convinced that the decade-old digital asset is breathing its last breaths. In an interview with British tabloid Express U.K., Calvin Ayre, the zealous Canadian crypto entrepreneur backing Bitcoin SV (BSV), claimed that BTC will become worthless in 2019. Speaking with the outlet, Ayre, who heads CoinGeek, noted that his bearish prediction for crypto’s flagship asset is due to its lack of utility, specifically calling out the project’s hesitance to scale on-chain. Some are convinced that this argument is flawed, however, as monumental progress has been made on second-layer solutions, like the Lightning Network and Liquid. Yet, Ayre was convinced that BTC was slated to disintegrate in due time, noting that the “original Bitcoin’s” use of SegWit is only going hand-in-hand with “old-fashioned financial trends.” While bashing BTC, the industry insider made it clear that he still supports BSV, which has faltered post-hard fork. Title Image Courtesy of Andre Francois Via Unsplash The post Bitcoin Surges 10% To $3,550, Yet Calvin Ayre Expects BTC To Fall To $0 appeared first on Ethereum World News.

2 months ago

Metal Pay Is Giving Out Free Crypto All Day

The prospect of getting something for nothing is a powerful motivator. The American actress, Sandra Bullock, once (in)famously said that she would do “anything for free stuff” though whether this statement has been tested in the wild is unclear. Now the cryptocurrency equivalent of PayPal believes it can encourage greater adoption by offering tokens as gifts for new users - and they’re not talking bullocks. Metal Pay (MTL), a peer-to-peer payments application, is giving 200 MTL tokens - worth approximately $50 - to people who sign up to the service. The offer, which ends at midnight tonight PST and is available to US citizens in 34 states, comes as the app receives its 200th review on the IOS app store. At first we wrote this off as another crypto scam, but Metal Pay’s PR agency reassures us that this is the real deal, and you don’t even need to send ETH first. “From now through Dec. 14, we’re giving everyone who signs up for Metal Pay a bonus of 200 MTL”, the company said in an official blog post. MTL tokens Established in 2015, Metal Pay allows users to send payments - crypto or fiat - to one another using phone numbers. Currently available only to residents of (part of) the United States, it incentivizes people to act responsibly by rewarding eligible payments with MTL tokens. Speaking to Crypto Briefing in early October, Metal Pay founder, Marshall Hayner, explained that 40% of the total MTL supply had been allocated to be distributed as rewards. Through rewards, and by placing digital currencies in the hands of prospective users, Metal Pay hopes it can maintain an element of decentralization in the sector. Promotional giveaways are not new in cryptocurrency. Earlier this year some projects encouraged greater adoption through the use of airdrops. Certain holders would often be eligible for free tokens, which would be sent straight to their wallet addresses. Although an effective marketing strategy, the practice raised some concerns in the States over how the tokens would be taxed by the IRS. The Metal Pay promotion is a way to get people using the feature. At a time when some are going out of business, it’s a matter of survival. Joe Lubin told staff two weeks ago that ConsenSys would have to scale down its financial support, putting some of the less-profitable ‘spoke’ projects in the crosshairs. A good offer indeed, but if today’s market is anything to go by, those 200 MTL tokens may sell for a lot less than the $50 advertised. They were worth around $43, by press time. Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets. The post Metal Pay Is Giving Out Free Crypto All Day appeared first on Crypto Briefing.

2 months ago

Join our BAT Community AMA today at 11.30am PST, featuring @...

Join our BAT Community AMA today at 11.30am PST, featuring @w0ts0n (IT & Operations Manager) and @KamilJozwiak (QA… https://t.co/bv6j238N0F

2 months ago

Daily Berminal Brief: OKEx Overtakes Binance, And Coinbase To Make 12 Major Announcements

The State of The Market - December 11, 2018 BTC: $3,412.12 (-4.22%) XRP: $0.300217 (-2.19%) ETH: $88.36 (-5.06%) After yesterday's bounce-back, the market is once again in red today. Bitcoin is once again testing its support at $3,400, and Ethereum has fallen below $90. All of the top 25 cryptocurrencies are in red today. Bitcoin Cash SV (BSV) and EOS lost the most, going down by 10% and 9% respectively. However, Bitcoin is expected to surge in the coming weeks as its 14-week relative strength index (RSI) has fallen to a new low of 29.80. An asset is considered to be oversold if the RSI is below 30. In other news, Wirex, a British fintech startup that offers cryptocurrency debit cards, has fully integrated Iban (international banking account number) support for all EUR accounts. This enables users in the European Economic Area (EEA) to fund their accounts by bank transfer and receive euro payments. Also, according to BitMEX research, the Bitcoin network has fallen by about 31% in November. This represents around 1.3 million Bitmain S9 miners being switched off [and] the mining industry may, therefore, be under considerable stress right now. 1) According to a Diar report, the trading dominance of Bitcoin on Binance platform has dived. Binance still dominates the crypto trading scene, but its BTC/USD(T) trading volume has dropped to 32% of the total BTC/USDT volume in the market. This is a drop from 47% recorded in June. This decline has also been experienced in other exchanges. The BTC/USD pair at Bitfinex has declined to 27% from 2017's 51% whereas Bittrex and Polniex account for 2.7%. Despite this decline, a report by A.T. Kearney states that Bitcoin's dominance in the crypto market will increase to 66% in 2019. OKEx has now overtaken Binance to become the top exchange by daily volume. 2) Coinbase has announced an initiative that will see the company make an important announcement for the next 12 days leading up to the holidays. According to a purpose-built "12 Days of Coinbase" web page, every day at noon (PST), Coinbase will reveal an assortment of surprises like support for a new cryptocurrency or new platform features. The first announcement from Coinbase was a new program called WeGift. The program allows users to buy e-gift cards with cryptocurrencies from a handful of well-known companies, including Nike and Uber. Previously, the program was only available in the UK and EU. But it has now been launched in the United States. 3) The United Nations International Children's Emergency Fund (UNICEF) has announced that it would invest $100,000 in six blockchain startups in order to "solve global challenges using blockchain technology." The initiatives are part of a larger program consisting of 20 technology startups, and the new startups are located in Argentina, Mexico, India, Tunisia, and Bangladesh. UNICEF Innovation principal advisor Chris Fabian said that "financing, technical support, and focus on vulnerable populations can help a technology grow and mature in the fairest and equitable way possible. Each company is expected to deliver an open-source prototype of their project over the next 12-months. (VS)

2 months ago

Only 1 Hour away until our event kicks off! 🥳 Lookout for a...

Only 1 Hour away until our event kicks off! 🥳 Lookout for a Live Broadcast link of the event closer to 6 PM PST Y… https://t.co/QqikMp1lRP

2 months ago

12 Days of Coinbase Initiative will see Company Make Daily Product Revelations

Coinbase has announced an initiative that will see the company make an important announcement for the next 12 days leading up to the holidays. According to a purpose-built “12 Days of Coinbase” web page, every day at noon (PST), Coinbase will reveal an assortment of surprises like support for a new cryptocurrency or new platform features. The first announcement from Coinbase was a new program called WeGift. The program allows users to buy e-gift cards with cryptocurrencies from a handful of well-known companies, including Nike and Uber. Previously, the program was only available in the UK and EU but it has now been launched in the United States. (RS)

2 months ago

Nearing the end of our time in #Korea, today we met with Blo...

Nearing the end of our time in #Korea, today we met with Blockcrafters to discuss positioning Primas in Korea. So… https://t.co/OMiIjvuStc

2 months ago

ICYMI: Tomorrow the 4th of December at 1PM PST Dr. Ben Goert...

ICYMI: Tomorrow the 4th of December at 1PM PST Dr. Ben Goertzel (@bengoertzel) will be at the Joe Rogan Experience… https://t.co/cH2ePuvD7h

2 months ago

TRON Announces Accelerator Plan, $1 Million Prize Pool for Dapp Developers

The Tron Foundation announced on Dec. 2nd that it wants to continue fostering innovation in the blockchain industry by announcing an Accelerator plan in which participants have a chance to win a total of $1 million. In this contest, developers are tasked with building decentralized apps (Dapps) on Tron’s blockchain protocol. The accelerator plan also aims to attract more developers to the Tron ecosystem and make it bigger than its peers. Tron Contest and Awards The online contest was opened to developers on Dec. 1st, 2018, and will run until midnight Jan. 4th, 2019 (PST). A dedicated website, www.tronaccelarator.io was set up to allow participants to submit their work which will be reviewed by a committee of judges starting Jan. 5th next year. The $1 million at stake will be split over 56 awards with the first prize winner taking home $200,000. The second and third prize winners are entitled to $100,000 and $50,000 respectively. Eight special prize winners will each pocket $30,000 and $240,000 will be dedicated to this group of winners. 42 finalists will each walk away with $5,000. The winners of the competition will be announced at Tron’s inaugural summit - the niTRON summit to be held in San Francisco, USA. Tron Is Gaining Ground Tron is one of the most active blockchain protocols recently reaching 2,000,000 transactions and 700,000 registered accounts. Justin Sun highlighted this in a tweet: Today #TRON is writing #blockchain history with over 2,000,000 transactions and 700,000 accounts registered! This is just the beginning, more exciting news during #niTROn2019! Re-tweet and win a pass for the best Blockchain event of 2019. I will randomly pick 10 winners! — Justin Sun (@justinsuntron) December 2, 2018 In its recent Dapp activity weekly activity report, Tron noted that the number of transactions on its network had increased by 11 percent in the week. Tron further claimed that Ethereum and EOS developers are also moving are migrating to its blockchain protocol. To further the adoption of its blockchain platform, Tron recently announced Tron Arcade, a $100 million investment fund to support the development of blockchain games over the next three years. According to the announcement, Tron wants to “Empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.” TRON Announces Accelerator Plan, $1 Million Prize Pool for Dapp Developers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

JOE ROGAN HERE WE COME! Thanks to the community, on the 4th ...

JOE ROGAN HERE WE COME! Thanks to the community, on the 4th of Dec at 1PM PST, our CEO Dr. Ben Goertzel will be on… https://t.co/Kb4n6a2vn0

2 months ago

Zcash (ZEC) Launches on Coinbase Pro: Ramping-Up Listings

Today, Coinbase is adding the popular privacy coin Zcash (ZEC) to its cryptocurrency exchange service for professional traders. Starting at 10 am PST (18:00 UTC), Coinbase Pro users will be able to start transferring Zcash into their accounts. Zcash is one of the most popular privacy coins. Zcash’s unique technology zk-SNARKs, allows users to send […]

3 months ago

Breaking: Coinbase Pro Adds ZCash, ZEC Surges 15%

Coinbase Continues To Add Tokens, ZCash Next In an announcement made on Thursday morning, it has become apparent that Coinbase Pro, the startup’s professional trading platform, is launching support ZCash (ZEC), one of this nascent market’s foremost privacy coins. ZEC is launching on Coinbase Pro. Starting at 10am PT, customers can transfer ZEC into their Coinbase Pro account. Traders can deposit ZEC, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/5nADybxqKk — Coinbase Pro (@CoinbasePro) November 29, 2018 Per the release on the matter, starting 10am PST on Thursday, Coinbase Pro will begin to accept inbound (deposit) transfers of ZEC tokens. ZCash Deposits will reportedly be enabled for a minimum of 12 hours before ZEC trading goes live. Initially, Coinbase intends to launch ZEC trading for its USDC pair, but will only do so once “sufficient liquidity is established.” For now, presumably due to regulatory constraints, ZCash deposit, withdrawals, and trades will be activated for Coinbase clients in U.S. (New York state excluded), E.U., the United Kingdom, Canada, Singapore, and Australia. Other supported jursidiction may be added at a later date, pending regulatory green lights and other support statements. Like Coinbase Pro’s other recent listings, such as Ethereum Classic (ETC), 0x (ZRX), and Basic Attention Token (BAT), ZEC/USDC will be launched through a four-stage process: transfer-only, post-only, limit-only, and full trading. For more details on these stages, please visit Coinbase’s announcement. As of the time of writing, due to the coloquially-dubbed “Coinbase Effect,” ZEC has surged, posting a 15% gain amid a mixed bag market. ZEC is now valued at $92 a pop, with buying pressure continuing to surge into the asset. This is a developing story, so Ethereum World News will be sure to keep you updated! Title Image Courtesy of Marco Verch Via Flickr The post Breaking: Coinbase Pro Adds ZCash, ZEC Surges 15% appeared first on Ethereum World News.

3 months ago

[AMA] We're Authority Node Operators, the coalition of companies decentralizing the Factom Protocol. Ask us anything!

**Authority Node Operators will begin answering questions at 18:00 UTC on November 29th.** **Who We Are** We're a group of 20 of the 26 (eventually 65+) Factom Authority Node Operators (ANOs) who have decided to take part in an AMA. Authority Node Operators are companies that operate the server infrastructure that decentralizes the Factom protocol. We are also charged with, "Furthering the Protocol" in whatever ways we choose. In return for our services, we earn 1,123 FCT per server, per month, minus "efficiency". If we don't do a good job, our status as an ANO can be removed. Eventually, there will be 65+ Authority Node Operators. **Time** Please begin asking questions immediately. On November 29th at 18:00 UTC (10am PST) ANOs will begin answering questions and the community can continue to ask questions. On December 1st at 23:59 UTC the AMA officially ends but the community and ANOs are welcome to continue to engage each other within the thread. **Authority Node Operators** The following ANOs have agreed to take part in this AMA (it's purely optional). You will know a username has been validated as it will have flair of the ANO after their name. Authority Node Operator | Usernames | Team | Website | Twitter | ---|---|----|----|----| Bedrock Solutions | Bedrocksolutions | [Team](https://factomize.com/forums/major-contributors/ano/bedrock-solutions/)| - | - Blockchain Innovation Foundation (BIF) | BlockchainInnovation | [Team](https://factomize.com/forums/major-contributors/ano/bi-foundation/) | [Website](https://blockchain-innovation.org/) | [Twitter](https://twitter.com/St_BIF) Blockrock Mining | Siverpro, Laende | [Team](https://factomize.com/forums/major-contributors/ano/blockrock-mining/) |[Website](https://www.blockrock.no/) | - Building Innovation Management (BIM) | BenJ | [Team](https://factomize.com/forums/major-contributors/ano/buildingim/) |[Website](http://buildingim.co.uk/) | [Twitter](https://twitter.com/BuildingIMLtd) Canonical Ledgers | Canonical-ledgers | [Team](https://factomize.com/forums/major-contributors/ano/canonical-ledgers/) |[Website](http://canonical-ledgers.com/)| [Twitter](https://twitter.com/CLedgers) Crypto Vikings | Crypto_Vikings | [Team](https://factomize.com/forums/major-contributors/ano/crypto-vikings/) | [Website](https://cryptovikings.no) | [Twitter](https://twitter.com/vikings_crypto) Cube3 | Cube3mike Cube3tom | [Team](https://factomize.com/forums/major-contributors/ano/cube3/) | - | [Twitter](https://twitter.com/Cube3Tech) DBGrow | DBGrow | [Team](https://factomize.com/forums/major-contributors/ano/dbgrow/) | [Website](https://dbgrow.com/) | [Twitter](https://twitter.com/db_grow) DeFacto | Ilzheev | [Team](https://factomize.com/forums/major-contributors/ano/de-facto/) |[Website](https://de-facto.pro/) | [Twitter](https://twitter.com/defacto_team) Factom Inc | PaulSnow, BrianDeery | [Team](https://factomize.com/forums/major-contributors/ano/factom-inc/) |[Website](https://www.factom.com/) | [Twitter](https://twitter.com/factom) | Factomatic | Factomatic | [Team](https://factomize.com/forums/major-contributors/ano/factomatic/) |[Website](https://factomatic.io/) | [Twitter](https://twitter.com/Factomatic1) | Factomize | DChapman77 | [Team](https://factomize.com/forums/major-contributors/ano/factomize/) |[Website](http://www.factomize.com/) | [Twitter](https://twitter.com/factomize) | Factoshi | Factoshi-io |[Team](https://factomize.com/forums/major-contributors/ano/factoshi/) |[Website](https://www.factoshi.io) | [Twitter](https://twitter.com/factoshi) | Federate This | BobbyEK | [Team](https://factomize.com/forums/major-contributors/ano/federate-this/) |[Website](https://off-blocks.com) | [Twitter](https://twitter.com/FederateThis) | HashnStore | Matt_HNS, Zod_HNS | [Team](https://factomize.com/forums/major-contributors/ano/hashnstore/) |[Website](http://hashnstore.com/) | [Twitter](https://twitter.com/HashnStore) | Luciap | Luciap_tech | [Team](https://factomize.com/forums/major-contributors/ano/luciap/) |[Website](https://www.luciap.ca/#/) | [Twitter](https://twitter.com/LuciapTech) Multicoin Capital | Mylessnider | [Team](https://factomize.com/forums/major-contributors/ano/multicoin-capital/) | [Website](https://multicoin.capital/) | [Twitter](https://twitter.com/multicoincap) RewardChain | FactomKiwi | [Team](https://factomize.com/forums/major-contributors/ano/rewardchain/) | [Website](https://rewardchain.co) | - The Factoid Authority | TheFactoidAuthority | [Team](https://factomize.com/forums/major-contributors/ano/the-factoid-authority/) |[Website](https://factoidauthority.com) |[Twitter](https://twitter.com/TheFactoidAuth) Veteran Blockchain Investment Firm | Nolan_VBIF | [Team](https://factomize.com/forums/major-contributors/ano/vbif/) | [Website](http://vbif.io/) | [Twitter](https://twitter.com/Nolan_vbif) Additional ANOs may choose to signup up until the answering of questions begins. If a specific ANO is asked a question and does not regis

3 months ago

#Interchain Everything Contest: Give us your suggestions for...

#Interchain Everything Contest: Give us your suggestions for #ProofofStake by 11 pm (PST) today!… https://t.co/rkOmtS9TgC

3 months ago

Our next #AMA #campaign will be a GENERAL one and will start...

Our next #AMA #campaign will be a GENERAL one and will start from 11:00 AM to 1PM PST on November 23, 2018. Join us… https://t.co/w3ig1dZOEi

3 months ago

Kraken and Huobi Assign BCH Ticker to Bitcoin Cash ABC

According to separate announcements from Kraken and Huobi, both exchanges plan to commence Bitcoin SV coin trading on November 18, 2018. The two exchanges also announced their intention to list Bitcoin Cash ABC coins as BCH on their separate exchange platforms. Huobi’s Plans for Post-BCH Hard Fork Huobi announced that Bitcoin Cash ABC would retain the BCH designation, being the longer chain. The exchange also confirmed that the Bitcoin Cash network had created a checkpoint to establish two-way replay protection. According to the announcement, Huobi will distribute Bitcoin SV (BSV) coins to pre-fork BCH holders on a 1 to 1 ratio. The exchange will list the BSV token on November 18, 2018 (GMT +8) and will commence BSV/BTC trading at 21:00 November 18, 2018 (GMT +8). Deposit services will resume at 14:00 November 19, 2018 (GMT+8) for BCH. While for BSV, deposit services will be made available from 15:00 November 20, 2018 (GMT+8). There is, however, no mention of a definite date for the resumption of withdrawal services for the two coins. But Huobi assured its clients that withdrawal services would resume as soon as they can confirm the stability of both blockchains. Kraken’s Plans for Post-BCH Hard Fork Kraken also announced that tokens on the Bitcoin Cash ABC network would be listed as BCH on its exchange platform. The exchange also announced its support of the Bitcoin SV tokens, listing the tokens as Bitcoin SV (BSV). BSV will go live on Kraken at approximately 15:30 PST November 18, 2018. The exchange will distribute BSV tokens to clients and begin trading at that time. Using a snapshot taken at the time the last common block was mined, Kraken will credit clients’ accounts with an amount of BCH and BSV individually equal to their pre-fork BCH holdings. The following trading pairs will be made available: BSV/USD, BSV/BTC and BSV/EUR. However, unlike Huobi, Kraken did not announce a definite date for the resumption of deposit services for both coins. As part of its announcement, Kraken issued a warning to its customers about BSV. Kraken warns that the BSV does not meet its usual listing requirements. Clients are advised to regard it as a high-risk investment. Cryptocurrency Exchanges Adjusting to Life After Bitcoin Cash Hard Fork Ethereum World News earlier reported that Binance had distributed BCHABC and BCHSV tokens to all pre-fork BCH holders on its exchange. The exchange opened trading for BCHABC/BTC, BCHABC/USDT, BCHSV/BTC, and BCHSV/USDT trading pairs at 8:00 AM November 16, 2018 (UTC). Binance also announced that it has removed all Bitcoin Cash balances and delisted all Bitcoin Cash trading pairs. For deposit and withdrawals, Binance, like Kraken is still assessing the stability of the two blockchains. Image courtesy Shutterstock. The post Kraken and Huobi Assign BCH Ticker to Bitcoin Cash ABC appeared first on Ethereum World News.

3 months ago

Great write up! Concise summary of what we at Primas are try...

Great write up! Concise summary of what we at Primas are trying to achieve. #shanghai really is one of the… https://t.co/RzelRXblZQ

3 months ago

Primas Community Manager, Jo was joined in the office today ...

Primas Community Manager, Jo was joined in the office today by a very passionate group from @WPI, #massachusetts… https://t.co/07U6mdecgp

3 months ago

Don't miss today's DApp Digest at 3:00 PST (11:00 pm UTC), w...

Don't miss today's DApp Digest at 3:00 PST (11:00 pm UTC), with Nathan Ginnever. We'll be talking about his game, E… https://t.co/P7Z3XwEvk3

3 months ago

Fork Drama Sends Cryptocurrency Markets Spiraling Past Double Digit Losses

The first major contentious Bitcoin hard fork, Bitcoin Cash, which took place just over a year ago, had a massive positive impact on the global market capitalization of cryptocurrency. Bitcoin Cash is now undergoing a contentious fork of its own, but market reception has been far different. Everything is tanking with the fork event just hours away. The days leading up to the Bitcoin Cash fork in 2017 sparked a frenzy for Bitcoin, with speculators looking to cash in on a two-for-one deal on their coin purchases. At the start of November, a similar pattern was forming for BCH. The coin saw impressive gains of almost 50% throughout the first week of November. However, today, just hours before the November 15 fork snapshot (approximately 9:00am PST), these gains have been erased alongside massive losses throughout the market as a whole. From lows earlier today, the global market cap of cryptocurrency saw a loss of almost 15%, or US$28 billion. Though it has since seen a minor rebound, today’s dive still represents a double digit loss. With the Bitcoin Cash fork, which will split the network into Bitcoin Cash ABC and Bitcoin Cash SV, just hours away, it is anyone’s guess whether these losses will be reversed of if they will continue to grow at fork time. For now, we can look at what might have caused this price movement. Exchange Hesitancy Exchanges across the board are expecting difficulty in preparing for the fork, particularly those that offer BCH futures. Coinbase has already announced that they are going to completely freeze all Bitcoin Cash trading and activities an hour before the fork (8:00am PST). While this is a major decision, perhaps more surprising was OKEx’s last minute decision to terminate their BCH futures a full day before the fork. The justification behind this call was to prevent potential market manipulation. BitMex, who also offers Bitcoin Cash futures, has elected to keep trading open. As a result, BCH derivatives are currently trading more than 35% lower than the market price for BCH, at a price of 0.0455 BTC on BitMex versus 0.0765 BTC on other exchanges. Of course, these derivatives will not be granted Bitcoin Cash SV, so it is possible that BitMex could represent a sound valuation of BCH ABC post-fork. Regardless, the massive discrepancies and unexpected shutdowns across exchanges are certainly grounds to weather confidence. SPECIAL ANNOUNCEMENT: All Bitcoin Cash (BCH) futures contracts will stop trading at 9:05am and be delivered at 10:00am Nov 14, 2018 CET (UTC +1) due to the upcoming hard fork. We will provide a detailed explanation shortly.#OKExAnnouncementhttps://t.co/yh3p46tirc pic.twitter.com/oqioSUOUsf — OKEx (@OKEx) November 14, 2018 Malicious Activity What happens when a single entity has the means to 51% attack a blockchain? Depending on your interpretation of the event, this is exactly the case with the upcoming fork. Primarily supported by self-proclaimed creator of Bitcoin, Craig Wright, Bitcoin Cash SV (which stands for Satoshi’s Vision) is predicted to control a majority of the entire BCH hashrate. This is at odds with individuals behind each network, as a vast majority of Bitcoin Cash nodes remain in support of BCH ABC. Major exchanges and influencers seem to primarily be backing ABC, so it is unlikely that SV will be able to best its alternative in terms of market cap. However, if Craig Wright’s fork can majorly disrupt or even dismantle ABC, it suggests that it is entirely plausible that a single party can destroy an entire network. Of course, this completely undermines the resiliency and decentralization of the technology. Gaming Hashrate The Bitcoin hashrate has steadily decreased in preparation for this upcoming fork, as certain miners have elected to speculate on the value of SV by mining Bitcoin Cash over Bitcoin. Currently, BTC is valued as 12% more profitable to mine than BCH, but the value of the forked coins could very well exceed a 12% loss in immediate profitability. Bitcoin’s hashrate has declined by about 25%. Many experts suggest that Bitcoin’s price “floor” is supported by the hashrate. If Bitcoin is no longer profitable, miners will shut down or go elsewhere, which will allow the price of BTC to continue to fall. Despite the constant decline throughout the year, hashrate has continued to increase or at least remain steady. It was contended that US$6,000 was the price floor given the previous hashrate, but with that mining power gone Bitcoin has reached year-to-date lows in the low US$5,000s. It is expected, or at least hoped, that markets will start to return to normal after the fork is over and done. If Bitcoin Cash SV has a sustained impact on the market, the longevity of cryptocurrency could be in serious contention. The post Fork Drama Sends Cryptocurrency Markets Spiraling Past Double Digit Losses appeared first on NullTX.

3 months ago

Fork Watch: Disputed Consensus and an Abundance of Game Theory

In less than 24 hours the Bitcoin Cash (BCH) network will be facing a hard fork involving consensus changes that are currently disputed and may lead to a blockchain split. Two development teams have proposed different paths for the Nov. 15 upgrade and the clashing BCH reference implementations will be incompatible with each other after the fork commences. Also read: Preparing for the Looming Bitcoin Cash Fork Nov. 15: Two Incompatible Clients With Different Ruleset Changes The Bitcoin Cash community plans for a network hard fork twice a year and this year it has become apparent that the Nov. 15 upgrade may have issues due to the release of two competing ruleset changes. The Bitcoin ABC developers plan to add a new opcode called OP_CHECKDATASIG (DSV) and the introduction of canonical transaction ordering. Then the Bitcoin SV team has plans to introduce four new opcodes: OP_MUL, OP_LSHIFT, OP_RSHIFT, and OP_INVERT. Additionally, SV wants to remove the limit of opcodes per script and raise the block size to 128MB. Bitcoin SV Captures Over 75% of the Global BCH Hashrate According to data taken from Coindance Cash, there is a significant amount of hashrate currently signaling for the Bitcoin SV client. Data shows that over the last 48 hours or more, the Bitcoin SV implementation has been backed by 75-82% of the global hashrate. However, even though the hashrate is backing SV by an overwhelming percentage of computational power, not everyone in the community is pleased with the outcome. SV supporters believe they are supporting a move toward a “stable protocol” and are witnessing the first time Nakamoto Consensus is used to make important development decisions. While some SV supporters believe they are wholeheartedly following “Nakamoto Consensus,” there is a clear amount of BCH supporters who view the hashrate as a “51% attack.” Unlike the 80 percent of miners who supported the Segwit2X upgrade for BTC last year, the amount of hashrate voting for SV is extremely concentrated into just a few pools. Bitcoin Cash (BCH) global hashrate on Nov. 14, 2018. This week the marketplace Openbazaar discussed people’s concerns with the hashrate. “When things settle it is entirely your choice what you do with your coins, but we also recommend being cautious of a chain with hashpower of 50% or more controlled by one entity,” Openbazaar states on Nov. 12. For instance, on Nov. 14, the day before the consensus changes, there are three pools that have most of the BCH hashrate and all of them support SV. Today’s data shows that Coingeek currently has 46.53 percent of the global hashrate. This is followed by SV Pool with 11.11 percent, and BMG Pool with 9.72 percent at the time of publication. The amount of hashrate controlled by a single entity, specifically Craig Wright and associates, has people concerned about the security of the network and many supporters have been vocal about this issue. For instance, some BCH supporters have stated they won’t follow Wright’s SV plan even with the considerable amount of hashrate pointed at the client. Cornell Professor Emin Gun Sirer speaks about selfish mining attacks after the SV hashpower breached 51%. Despite the Hashpower, Some Community Members Just Won’t Follow the ‘Vision’ The early Bitcoin adopter and entrepreneur Olivier Janssens has explained he will not follow Wright’s vision and possibly even retract his support for BCH. “I’m not against Nakamoto Consensus and will support it until the very end — I just won’t support a project where the majority of hashpower is controlled by or in support of a fraud,” Janssens detailed on Twitter. When the mining pool Viabtc was asked whether or not they will join the SV hashrate, the Chinese miners detailed they would not follow Wright’s Satoshi Vision strategy. Viabtc explained to its Twitter followers on Nov. 12: I am sorry we don’t feel right to support the tyrant or lunatic who wishes to kill BCH and just try to invent a new coin of his own to develop his own mining industry, and wishes to kill other companies just out of sheer personal grudge — This is totally unacceptable. Drivechain developer Paul Sztorc believes sidechains can possibly help avoid these hash war conflicts. Certain Statements Furthering the Complexity of the Situation A lot of the community complaints against the SV roadmap have stemmed from Wright’s recent statements and threats toward the ABC fork. For instance, on Twitter Wright has explained that he will make the ABC side of the chain untradeable if there is a split. In fact, BCH users have collected screenshots and Twitter statements of Wright threatening to double spend, orphan blocks, and reorg the ABC chain in order to force miners toward the ABC side. “If you support ABC, we will remove you,” Wright detailed on Twitter on Nov. 12. “When you say I will not go through with this — You will be bankrupted and I will watch — You are wrong,” he adds. Coingeek’s Calvin Ayre wholeheartedly agrees with Wright’s S

3 months ago

Coinbase to Pause all forms of BitcoinCash (BCH) Withdrawal as new Development Overpowers Initial Plans

Coinbase has updated users on new developments, following the upcoming Bitcoin cash November hard fork scheduled for tomorrow. The US-based exchange platform had initially announced that it would withhold sending (withdrawals) and receiving (deposits) on the Bitcoin Cash wallet at Coinbase.com, CoinbasePro, Prime, Custody, and lastly its IOS and Android apps. However, the exchange has revealed that unlike the previous hard fork’s, the rate at which proposals are being made is highly competitive and is therefore not compatible with the “published roadmap”, leading to a shutdown of all forms of Bitcoin Cash trading, ranging from buying and selling. “Due to recent developments, we have now determined that it will be necessary to also pause all buys, sells, and trading of BCH starting at 8:00AM PST on Thursday on Coinbase.com, in the iOS and Android apps, and on Coinbase Pro and Prime. Accordingly, during the time of the pause, you will not be able to sell or remove your BCH from Coinbase. If you wish to have access to your BCH during the pause, you will need to remove it from the Coinbase platform prior.” Coinbase further disclosed that it had no control over the minimum or maximum time frame of the soon to commence hard fork, but will monitor the fork and consistently update customers on each milestone achieved. However, this does not apply to all other tokens on the exchange platform, as the hard fork does not affect the trading process of other tokens. Once the hard fork begins, Coinbase will take snapshots of already existing Bitcoin cash balances in order to secure customer funds and monitor the fork for network consensus. Upon network stability, customers will be notified and trading will commence immediately. Hong Kong based exchange giant Okex has also ceased trading of all Bitcoin Cash (BCH) futures contracts till further notice. The post Coinbase to Pause all forms of BitcoinCash (BCH) Withdrawal as new Development Overpowers Initial Plans appeared first on ZyCrypto.

3 months ago

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992. On October 15, 2018, tether, the market dominating stablecoin with a market cap of $2 billion, was attacked, breaking tether’s peg to USD, dropping its value by 7 percent but simultaneously driving up bitcoin and the whole crypto market by more than 10 percent. Even though nobody has claimed the attack yet, entrepreneurs, investors and customers of stablecoins should all carefully analyze existing and potential attacks and act accordingly.Stablecoins, cryptocurrencies with stable value, are considered the “holy grail” of crypto since they could displace all the fiat money in the world which is about $90 trillion. As one might expect, investors have poured out hundreds of millions of dollars chasing stablecoin dreams, and, following the money, new stablecoin projects have come out left and right in 2018, which many have called the year of the stablecoin.While there are many good articles on stablecoins, almost all of them focus on topics related to stablecoin design or why stablecoins are doomed to fail, and all analyses assume normal crypto market conditions rather than taking into account the volatile conditions we have experienced. However, during an attack, the market movement is massive and sudden. Assuming these attacks are legal and highly profitable, just like Soros’ attack, they will come back again and again. Only the stablecoins that can survive these attacks can eventually become the “holy grail.”Analysis of the Tether AttackAs of the writing of this article, there is not much information or data regarding the Tether attack on October 15, 2018. Who were the attackers? What was the method to profit from the attack? How profitable was the attack? What resources were required to execute the attack? Was there any attempt to defend against it? However, just by analyzing some limited public data from CoinMarketCap, we can gain valuable insights around these questions that are important in understanding such an attack.First, the attack is a classical speculative attack: a massive and sudden selling of a currency during a relatively short period of time. Such an attack is usually executed by financial speculators; in this case, it is rumored that the recent Tether attack was mounted by IMMO. As shown in Figure 1, the whole attack was very short: only about three hours from start to finish. It started around Sunday, October 14, 2018, 10 p.m. PST (UTC-7:00) and finished around Monday, October 15, 2018, 1 a.m. PST (UTC-7:00). It took about 100 minutes to drive the tether price to the bottom at $0.925284. Then, about 65 minutes later, the price went back to $0.973513 and started to stabilize. The transaction volume during these three hours was about $2 billion, which was the average 24-hour trading volume around that period.Figure 1: Tether’s 24-hour price from October 14, 2018, to October 15, 2018 (Source: CoinMarketCap)Second, the method to profit from the Tether attack is actually different from the method used in Soros’ attack on the British pound. In Soros’ attack, shorting currency was used to generate profit: 1) First, Soros’ team built up a huge short position of pound sterling; 2) they executed a massive and sudden selling of the pound; and 3) they finally bought back the pound after breaking the peg, returned their borrowed pound and generated $1 billion in profit from the price difference. In the Tether attack, it seems that the attacker(s) 1) first built up a big position in tether (either short or non-short position) and a big position in bitcoin or other crypto assets; 2) then executed a massive and sudden selling of tether, which drove the tether price down to the bottom and caused the bitcoin price to go up by about 10 percent; 3) finally sold the big bitcoin position to generate profit; and 4) possibly bought back tether at a lower price to reduce the loss from dumping tether. I believe the attackers leveraged the fact that bitcoin and other crypto assets are perfectly negatively correlated with stablecoins. As shown in Figure 2, with about 15 minutes delay (CoinMarketCap only provided data in 5-minute intervals), the bitcoin price started to climb when the attack started, reached its peak when the tether price reached its bottom, and dropped as the tether price recovered.Figure 2: Bitcoin’s 24-hour price from October 14, 2018, to October 15, 2018 (Source: CoinMarketCap)Third, it is extremely hard to figure out exactly how profitable the attack was, given the limited data available. However, it is safe to say the attack was very profitable. Even though it does not let us determine the profitability of the attack, the whole crypto market went up 10 percent, adding $20 billion in value, while at the same time, tether dropped by about 7 percent, removing only about $210 million in value. That difference represents a tr

3 months ago

Bitcoin Cash [BCH] hard fork on Coinbase further detailed out; November 15 event stirs community

The upcoming Bitcoin Cash [BCH] hard fork has created quite a sensation in the cryptocurrency community, with several major players announcing their perspective on the event. On November 13, Coinbase, the largest cryptocurrency exchange in terms of users, released a set of guidelines that BCH holders will need to follow during the fork. The exchange, which had earlier released a circular that talked about the pause on sends and receives of Bitcoin Cash on the platform, revealed a new addendum. Coinbase said: “Due to recent developments, we have now determined that it will be necessary to also pause all buys, sells, and trading of BCH starting at 8:00AM PST on Thursday on Coinbase.com, in the iOS and Android apps, and on Coinbase Pro and Prime. Accordingly, during the time of the pause, you will not be able to sell or remove your BCH from Coinbase.” The company has also informed users that if they need to access their respective BCH during the fork, they will have to remove it from the exchange before the process begins. Coinbase has also laid out a detailed instruction list for users that will enable them to handle the cryptocurrency during the hard fork. Coinbase has stated that after the BCH transactions are paused, a snapshot will be taken of the existing BCH balances. The exchange will then monitor the fork for network consensus to ensure that the fork happens successfully. The circular further said: “If another viable chain exists, customers will have the ability to withdraw funds at a future date. We anticipate this will take at least a few weeks, but may take longer.” The Bitcoin Cash hard fork was also in the news recently when Bitinex announced pre-fork trading on their platform. The exchange had stated: “While we want to make such forks available to our customers, our limited and temporary support for them is not and should not be construed as support for any particular project. The post Bitcoin Cash [BCH] hard fork on Coinbase further detailed out; November 15 event stirs community appeared first on AMBCrypto.

3 months ago

Primas #Korean community member reluctant to eat the last pi...

Primas #Korean community member reluctant to eat the last piece of #cake! Don't worry, we'll be back and we'll be… https://t.co/BKQ12PcfTn

3 months ago

We are happy to announce that our #Mainnet Preview will be r...

We are happy to announce that our #Mainnet Preview will be released at 17:00 PST on 11/15/2018! It will bring in mo… https://t.co/jmpUpa8aFU

3 months ago

Bitcoin Cash [BCH] drops off the bullish cliff; investor sentiments mixed ahead of hard fork

The recent surge seen by Bitcoin Cash [BCH] has come to a complete halt after the bear took control of the cryptocurrency on November 10. At the time of writing, Bitcoin Cash [BCH] was dropping by a significant 6.92%, with a total market cap of $9.534 billion. The cryptocurrency was trading for $543.41, with a 24-hour market volume of $821.764. A majority of the cryptocurrency’s market volume was held by OKEx, with a total grasp of $84.592 million. OKEx was closely followed by DigiFinex, with over $67.581 million worth of Bitcoin Cash transactions occurring on the cryptocurrency exchange. Bitcoin Cash [BCH] 24-hour chart | Source: CoinMarketCapKhai42, a Redditor had said: “The narrative by the anti-BCH crowd was that Bitmain could be insolvent or that they may delay their IPO because they invested too much into BCH. But now with their official filing, their financials are public for all to see. They are extremely healthy financially.” The drop comes in the wake of Bitcoin Cash surging by a massive 22% earlier last week, propelled by the upcoming hard fork. The hard fork has also gained support from popular cryptocurrency exchanges like Binance and Coinbase. Coinbase had stated: “We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.” Roger Ver, the CEO of Bitcoin.com, had also given his two cents on the hard fork, saying that the reason why there were so many arguments is that of how decentralized the network is. He also added that everyone agrees Bitcoin Cash should be accepted as a form of transactions across all platforms. The post Bitcoin Cash [BCH] drops off the bullish cliff; investor sentiments mixed ahead of hard fork appeared first on AMBCrypto.

3 months ago

Our next #AMA campaign will be a GENERAL one and will start ...

Our next #AMA campaign will be a GENERAL one and will start from 11:00 AM to 1PM PST on November 9, 2018. Join us t… https://t.co/j0k08lgUHM

3 months ago

Poloniex joins Coinbase and Binance In Support of the new Bitcoin Cash

As the news of the new Bitcoin Cash’s Fork hit the market, the prices of BCH across major exchanges started showing relentless spikes. But the exchanges and platforms supporting BCH, were in a spot of dilemma and had to make a decision- should they support the hard fork or not? But as the deliberations got over Binance announced its support to the new fork. This was followed by Coinbase and now Poloniex too has announced its support. Bitcoin Cash Hard Fork to undergo a protocol upgrade on November 15th, 2018. As the news was out that the Bitcoin Cash network will be undergoing a protocol upgrade on November 15th 2018., it divided the industry due to some fundamental disagreements reported between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain. NChain, a blockchain group led by Australian ‘Satoshi-want-to-be’ Craig Wright, did not agree with the changes and alterations that Bitcoin ABC, a Bitcoin Cash-centric developer consortium, has proposed, and as such, the former group has decided to run with its own upgrade, which will likely result in two independent chains. But now with time passing and after announcements of support from Binance, Coinbase and Ledger, Poloniex too has joined the league of supporting the Bitcoin Cash’s Fork. The exchanged made its support official using its Twitter handle. We will support the upcoming Bitcoin Cash hard fork. On November 15, 2018, we will pause deposits and withdrawals at 14:00 UTC, and take a snapshot of all BCH balances at 15:00 UTC. Once the network stabilizes, we will make an announcement and re-enable deposits and withdrawals. — Poloniex Exchange (@Poloniex) November 4, 2018 First, among exchanges to announce support, was Binance as it announced full support of the upcoming Bitcoin Cash hard fork scheduled for November 15. The exchange posted on its official blog that “Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC).” The blog future that the exchange will suspend all deposits and withdrawals an hour before the proposed time of the hard fork. This was followed by Coinbase when it made an official announcement on its blog saying “Coinbase will monitor the hard fork process and work to minimize customer disruption until the network meets Coinbase security standards. We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00 AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.” Now with prominent exchange backing the hard fork explains the spike of 25% in BCH prices. Hopefully, the Fork brings some good news for the community as well. What is your view on the BCH Fork? Do let us know your views on the same? The post Poloniex joins Coinbase and Binance In Support of the new Bitcoin Cash appeared first on Coingape.

3 months ago


News courtesy of berminal.com
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