Siacoin SC

$0.0046
Market Cap $ 175.899 MM (#41)
24h Volume $ 5.655 MM
Chg. 24h: -15.54%
Algo. score 3.9/5  (#79)
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Siacoin News

Seven Interesting dApps to Earn Cryptocurrency

DApps also known as decentralized applications run applications on a peer to peer network with Blockchain technology hence leading to a more decentralized manner of deployment. The code of the application is made available to everyone thanks to dApps being open source. Most of the dApps are run by cryptocurrency tokens, with a system to help users generate tokens. It’s one of the ideal ways for a beginner on cryptocurrency to earn money using their strengths without the need for complicated ways of earning such as cryptocurrency mining or cryptocurrency trading. Zerocrypted lwants to present you seven dApps which give skilled people a chance to earn cryptocurrency. Brave Image Source - itradeico Brave brings web 3.0 to the user with a decentralized web browsing experience. It is a web browser which is developed by Brendan Eich and Brian Bondy. The decentralized web browser pays in the native currency of Basic Attention Tokens (BAT) to users who opt for allowing advertisements to be viewed using the Brave browser. A user has to download Brave from their website and can earn henceforth. The amount of BAT received depends on commission made from the advertiser’s revenue. BAT is available on many exchanges and so can be converted to more popular cryptocurrencies or even fiat. Brave already boasts of more than 4 million users with an added benefit of a referral program which pays BAT equivalent of US $5 in turn for each member a user of Brave brings in. Even website owners who register their websites through the Brave browser can earn, along with content creators and influencers through tips from the decentralized web browser. Storm Play Image Source - Storm Play If you are addicted to your mobile and want to earn some extra cash from constant swipes and clicks, download Storm Play. All you have to do is test games, try products, complete specific tasks and watch videos, how easy can it get? The great part is it’s so easy to earn extra cryptocurrencies through Storm Play that even cryptocurrency beginners can hop in and earn cryptocurrency. The amount of cryptocurrency you earn depends on how many tasks you participate. As of now, the application is available on Android’s Google Store, so if you have a mobile running an Android Operating System, download the Storm Play Application and start minting cryptocurrency! Peepeth Image Source - DAPPCENTRAL.IO Peepeth is Social Media 2.0, which helps you retain your privacy, is uncensorable and helps you earn money. In other words, it has freedom for people to express themselves without thinking twice about the government coming after you and making money from quality and exciting ‘peeps’ (Peeps are Peepeth’s equivalent of Tweets on Twitter). The only drawback is the need of paying for posting a peep or following someone. However, there are some exciting incentives if you use the platform regularly. Also, you have no way of deleting what you posted as it is permanently on the Blockchain. Making money through Peepeth is ideal for cryptocurrency intermediates. To start using Peepeth, you need to use Google Chrome, Install MetaMask and Setup a New Address if you have not and so a cryptocurrency beginner will find it all too complicated in the beginning. LBRY Image Source - Lbry If you are creative and believe in working for yourself instead of companies which limit your creativity and payment, LBRY is ideal. The platform is on a blockchain which establishes the rights to the creative mind behind it. In other words, it’s the world’s first ‘digital marketplace.’ Creativity in the form of a film, song and even an ebook can help individuals earn in the native token of LBRY. The payment structure of LBRY allows a person to receive remuneration as and when somebody views content that is uploaded on the platform. Hence this allows content creators to flow with creativity and be motivated to publish interesting content. Content creators even have the option of adding a small fee if a person wants to view or make use of the material. Thus the creator has all flexibility in creating a personal monetary flow through his creativity. Sia Image Source - World Crypto Index Since most of the data is being stored on the cloud, there is bound to be a blockchain based storage system, and this is precisely what Sia does. Unlike it’s centralized storage competitors like Dropbox, Google Drive, and Dropbox, Sia helps users earn Siacoin which is the native token when people rent out storage space on their PC to the Sia system. Siacoin is quite a popular token and so can be changed into major cryptocurrencies and fiat very easily as it’s available in popular exchanges such as Binance and Poloniex. Sia is much more affordable than traditional storage providers, and so people who rent out their space are bound to gain in massively as it’s bound to be a favorite for cloud storage much sooner than expected. Augur Image Source - Finder Augur is a prediction marketplace that lets participants

9 days ago

Sia PSA: All major exchanges (Binance, Bittrex, Upbit, and P...

Sia PSA: All major exchanges (Binance, Bittrex, Upbit, and Poloniex) have re-enabled their Siacoin wallets for trad… https://t.co/2Ibnl0sqaz

9 days ago

Sia Completes Hard Fork And Blocked Miners Form Sia Classic

After months of debates, the Sia community finally pulled the plug on big ASIC miners and rendered them irrelevant at block 179,000 yesterday. While the fork saw some delays, it has been running smoothly for a few hours now. Only miners manufactured by Obelisk can mine Sia now. Obelisk is a subsidiary of Nebulous, the for-profit company behind the Sia network. Meanwhile, miners whose ASICs were rendered irrelevant have come together to form Sia Classic. However the future of Sia Classic is not clear yet. Siacoin (SC) is priced at $0.006535, gaining 0.65% in the last 24 hours. (VS)

13 days ago

India Considering Cryptocurrency Ban

Indian regulatory body the Financial Stability and Development Council (FSDC) is considering measures to ban the use of private cryptocurrencies while encouraging distributed ledger technology instead, after a meeting on Thursday. Mr. SC Garg briefed FSDC Council about the progress in the Inter-disciplinary committee on Crypto "to devise an appropriate legal framework to ban use of […]

14 days ago

SC Johnson Is Countering Ocean Plastic Pollution Using Blockchain Technology

Indonesia boasts of some of the most diverse marine life. Many residents of the Southeast Asian nation depend on this plentiful marine life for food security. However, pollution, especially that created by plastic is putting it at risk. Now SC Johnson is partnering with Plastic Bank to ensure that the damage is contained. The company will open eight new recycling centers that will provide digital tokens to people who collect and deposit plastic waste. How Ocean Waste Creates a Plethora of Problems Ocean plastic is a nuisance for marine life as well as their nearby communities. According to some estimates, nearly one dump truck load is emptied into the world’s oceans every minute, mainly from Asian countries. Indonesia is one of the five countries that amount for over 55 percent of ocean plastic. Communities living in coastal regions are facing poverty. The situation demands a two-pronged approach. As SC Johnson and Plastic Bank open eight new recycling centers in the country, they will help in saving the oceans from plastic waste. People who deposit plastic into these centers will be provided digital tokens that can be used to buy services and goods. The entire system is managed using secure blockchain technology. Indonesia has also pledged to reduce marine waste by up to 70 percent by 2025, spending $1 billion per year to reduce plastic and pollution in its waters. SC Johnson chairman and CEO Fisk Johnson commented on the initiative saying: “Our oceans need protecting. I applaud the Indonesian government’s pledge to provide $1 billion per year to reduce plastic pollution. Business, government, and NGOs need to come together to take on this important issue. It’s critical that we take action to help stop the increasing amount of plastic leaking into our oceans.” The Irony of the Blockchain The new initiative in Indonesia will use blockchain technology and digital tokens to manage poverty as well as pollution in Indonesian coastal communities. However, the first and most popular use of blockchains was for Bitcoin, a digital currency. When it comes to fulfilling environmental goals, Bitcoin doesn’t fare too well. Mining Bitcoin is an energy-intensive process, and if we pay heed to new research published this week in Nature Climate Change, we will find that if Bitcoin becomes the true global cryptocurrency, it would seem to singlehandedly create enough carbon dioxide to heat the planet by another 2 degrees within 25 years. The lead author of the analysis and associate professor at the University of Hawaii Camilo Mora said: “If this takes off it will be something that we will not be able to control.” Though not all currencies are mineable, the size of Bitcoin’s share in the current crypto market is massive. SC Johnson Is Countering Ocean Plastic Pollution Using Blockchain Technology was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

14 days ago

Siacoin (SC) Gets Ready For Hard Fork To Block Mining Giants Today

Siacoin is preparing for its hard fork at block 179,000, which is set to be mined in a few hours. The fork will block ASIC rigs from giants like Bitmain from mining Siacoin. Instead, only Obelisk, which is manufactured in partnership with Siacoin Foundation can be used for mining. Obelisk started shipping its miners out to its customers this summer. The hash rate is expected to drop significantly, as the miners manufactured by other companies will become obsolete immediately after the fork. Siacoin (SC) is priced at $0.006501, losing 4.82% in the last 24 hours. (VS)

15 days ago

Bittrex Expands Support for Siacoin into USD Market as Decentralized Cloud Storage Startup Readies Hard Fork

U.S.-based Bittrex must like what it’s seeing from Siacoin (SC). The exchange is adding SC “to the USD fiat markets,” according to the announcement. Bittrex users who opened an account prior to Oct. 1 can trade SC in USD now, while other users must request access. Siacoin, which is a decentralized cloud storage project, has a hard fork scheduled for Oct. 31, and social media followers want to know if Bittrex is planning to support it. Despite the buzz about Siacoin now on social media, SC is trading fractionally lower to $0.0067. Most of the trading is unfolding on Binance in the SC/BTC pair. (GT)

15 days ago

The Daily: Security Startup Raises $30M, Crypto Used to Fight Plastic Pollution

In today’s edition of The Daily, we focus on an Israeli crypto security startup that has raised $30 million in funding from a number of notable companies. We also look at how tokens are being used to clean up the environment, as well as efforts by major auditing firms to service clients in the cryptocurrency field. Also Read: Survey: 60% of US Voters Want Crypto Political Donations to Be Legal Israel Grows as Crypto Development Hub Starkware, an Israel-based startup developing zero-knowledge proof technology to improve the scalability and privacy of blockchains, has revealed that it recently closed a $30 million equity funding round. Paradigm led the round, which included new investments from Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures. Previous investors in Starkware also participated in the funding round, including Pantera, Floodgate and Naval Ravikant. The investment underscores the emergence of Israel as a crypto development hub. Earlier this month, the Israeli Blockchain Association released its third Startup Map, which covers more than 200 young companies operating in the larger crypto industry. In addition to Starkware — whose co-founders include Prof. Eli Ben-Sasson of the Technion Israel Institute of Technology and Alessandro Chiesa, an assistant professor at the University of California, Berkeley — there are now 37 startups developing protocols or infrastructure in the country, with 23 operating in the security sector. Getting Paid to Recycle While the mainstream media continues to spread the misconception that cryptocurrencies are bad for the environment, in the real world creative visionaries are actually using them to help with conservation efforts. SC Johnson, the U.S. multinational behind household products such as Raid, Windex, Mr. Muscle and Toilet Duck, has unveiled a plan to fight pollution from plastic with cryptocurrency. In collaboration with Plastic Bank, the Wisconsin-based company plans to open eight recycling centers in Indonesia, where people will be able to exchange plastic waste for digital tokens. The first facility officially opened in Bali on Oct. 28, with all of the centers to be operational by May 2019. Each of the eight recycling centers will be able to process a minimum of 100 metric tons of plastic per year. “(This program) will help create more opportunities for people living in poverty and will offer waste collectors an important sense of pride,” said David Katz, founder and CEO of Plastic Bank. “(It will also) benefit a wide range of socio-economic demographics including local residents living below the poverty level.” Plastic Bank CEO David Katz and Fisk Johnson, chairman and CEO of SC Johnson, show off a mobile collection center. “We want to help recover plastic equal to the amount we put into the world, through innovative recycling and recovery programs,” said Fisk Johnson, chairman and CEO of SC Johnson. “In this way we can neutralize our environmental impact and, at the same time, do some good in communities that have excessive plastic pollution.” Big Accounting Firms Start Crypto Hiring Spree According to a report by the Financial Times, major auditing firms such as EY, PwC and KPMG have been hiring hundreds of crypto experts to help with accounting startups and investors in the cryptocurrency segment. The companies are also said to be creating in-house technologies tailored to specific processes that will be used to audit cryptocurrency ventures. “We have no choice than to address this because some of our clients have invested in that space,” explained Jeanne Boillet, global assurance innovation leader at EY, which is said to have more than 150 clients with crypto assets around the world, including traders, exchanges and mining companies. PwC claims it currently has about 400 “blockchain experts” on its payroll in multiple divisions around the world. “We are in the midst of a rather significant effort,” said Ralph Weinberger, leader of PwC’s global network assurance methodology group. “We are devoting significant resources to how we might provide audit services in not just cryptocurrency, but blockchain.” What do you think about today’s news tidbits? Share your thoughts 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 The Daily: Security Startup Raises $30M, Crypto Used to Fight Plastic Pollution appeared first on Bitcoin News.

16 days ago

New Effort to Tackle Global Ocean Plastics Crisis Uses Blockchain

Household supplies multinational SC Johnson has announced a pioneering partnership with Plastic Bank, a plastic waste recycling startup, to tackle the threat of global ocean plastics by increasing the rate of recycling across less privileged areas of Indonesia. Plastic Bank, which currently has a successful proof-of-concept program running in Haiti uses a custom cryptocurrency solution

16 days ago

US Firm Chooses Token-Based Solution to Clean Up Indonesia’s Plastic Waste

US Cleaning Supplies Firm SC Johnson has announced that it plans to launch blockchain rewards-based recycling centers in Indonesia to help solve the problem of plastic pollution. The company, which also which owns such brands as Glade, Ziploc and Mr Muscle, will open eight centers with the support of Plastic Bank using a tokens-for-waste payment system for local users. Plastic Bank was the featured in the award-winning documentary A Plastic Ocean. They received the prestigious Sustainia Community Award at COP21, the Beacon For Change Award at COP23, the RCBC Innovation Award. Recently, their new blockchain exchange and incentives platform received an IBM Beacon Award. Recent research has shown that that five Asian countries — China, Indonesia, the Philippines, Vietnam and Thailand — account for more than 55% of the plastic waste leaking into the ocean. Indonesia, currently participating in a number of blockchain programmes, is also a significant contributor to ocean pollution. The first disposal center opened this week on 28 October on the Indonesian Island of Bali. They allow users to exchange plastic waste for digital tokens which can then be used to purchase goods and services. SC Johnson suggested that the risk of loss or theft of funds will be limited due to the tokens being supported by blockchain. The founder of Plastic Bank, David Katz, suggests that blockchain is the tool that can combat ocean pollution with such innovations, and the new project could also reduce poverty in Indonesia. Another decentralized program, in this case run by the UN, has had huge success in Jordan over the past two years as the UN Women program continues to offer incentives to refugees using a blockchain salary system. A Norwegian company has recently come up with its own way of freeing the oceans of plastic waste with a similar tokens program. The project launched by Empower enables the public to remove plastic waste to any certified recycling station and be rewarded with waste tokens. The idea draws on a system that has been in operation for some time throughout Norway where plastic bottles can be returned to shops for between 15 and 30 cents a bottle. There are also other incentives through the system for both users and manufacturers, the latter with an environmental tax exemption based on waste quotas. 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 US Firm Chooses Token-Based Solution to Clean Up Indonesia’s Plastic Waste appeared first on BitcoinNews.com.

16 days ago

SC Johnson Partners with Plastic Bank to Tackle Pollution Using Cryptocurrency

U.S.-based household cleaning supplies manufacturer SC Johnson has partnered with Plastic Bank for a project that utilizes blockchain to help increase recycling rates and tackle poverty in Indonesia. Plastic Bank is a non-profit that uses a cryptocurrency token system to pay people who turn in recyclable plastic that they have collected in an effort to deal with the growing crisis of ocean plastic. The collaboration seeks to open 8 recycling centers in Indonesia where local waste collectors can exchange the plastic they collect for digital tokens which can be used to buy goods and services. (JF)

16 days ago

Poloniex Exchange to Support Hard Fork for Decentralized Cloud Storage Startup Sia

Poloniex Exchange, which is owned by Goldman Sachs-backed blockchain startup Circle, announced its support for Sia’s upcoming hard fork. Sia, which is behind fully decentralized cloud storage, has scheduled hard fork version 1.3.7 for Oct. 31. Meanwhile, at the recent 2018 Texas Bitcoin Conference in Austin, Sia Co-Founder David Vorick stated: "In the past 30 days...we estimate that about 10 million transactions were performed through state channels on the Sia network...so we believe that this is the most active state channel network in the world today." Sia (SC) has a market cap of $255 million and is currently trading down 4% to $0.0067. (GT)

16 days ago

Bittrex Adding USD Market for Siacoin (SC)

Crypto exchange, Bittrex is adding new USD market for Siacoin (SC) today. The cryptocurrency is up by about 2 percent at $0.0072 in response to added liquidity. New USD Market for Siacoin on Bittrex The liquidity of the 32nd largest cryptocurrency according to Coinmarketcap Siacoin (SC) is further extending as Bittrex is adding a new USD market for the cryptocurrency today. The exchange announced on Twitter: ICYMI - We’re launching a US dollar (USD) market for Siacoin (SC) tomorrow. More USD market details here: https://t.co/VEZA7L3rb6 pic.twitter.com/vnRltUifAU — Bittrex (@BittrexExchange) October 28, 2018 According to Coinmarketcap data, SC is listed on a number of exchanges viz. Binance, HitBTC, OKEx, Upbit, CoinEx, Poloniex, among others but not against a fiat currency. At the time of writing, Siacoin has been trading at $0.0072 while being up by just about 2 percent in the past 24-hours. With a market cap of over $274 million, it is managing the daily trading volume of about $5 million. Siacoin 24-hours price chart, Source: Coinmarketcap Among the top 50 cryptocurrency exchanges, Bittrex manages a daily trading volume of about $27 million. With about 276 number of markets, the exchange covers a wide expanse of the crypto market. Recently, it commented on Twitter: “On October 29 we’re launching a US dollar (USD) market for Siacoin (SC). Eligible #Bittrex accounts created before October 1 are already enabled for USD trading.” In its official announcement in May this year, Bittrex stated, “Bittrex now supports eligible personal and corporate accounts for US Dollar (USD) trading, USD deposits, and USD withdrawals. Identity verified (personal or corporate) customers operating outside the United States or in one the following US states/territories are eligible to participate.” The coin is further set for its hard fork as per its official Twitter that states the hard fork will activate on October 31: Remember to update to Sia v1.3.7! The hard fork will activate on October 31. https://t.co/WLp6GHfhkU — Sia Tech (@SiaTechHQ) October 25, 2018 At the beginning of this month only, SC announced its hard fork citing, “Sia is forking today to reprimand the current ASIC monopoly for the damage it did to the Sia community, to make whole the supporters of Sia’s community ASIC project, and to send a clear message to all future Sia ASIC manufacturers: we will not tolerate an abusive ASIC monopoly.” The post Bittrex Adding USD Market for Siacoin (SC) appeared first on Coingape.

16 days ago

US Firm To Use Blockchain For Efficient Waste Management In Indonesia

SC Johnson, a manufacturer of household cleaning supplies in the US has announced its plans to tokenize waste management in Indonesia. The company said China, Indonesia, the Philippines, Vietnam, and Thailand account for more than 55% of the waste leaking into the ocean. SC Johnson has partnered with Plastic Bank in the country to set up eight plastic collection centers. These centers will reward people with digital tokens, which can later be used to purchase goods and services via a decentralized system. The first center is already open in Bali, with other centers scheduled for operation by May 2019. SC Johnson also plans to expand to other neighboring Asian countries in the future. (VS)

17 days ago

Cryptocurrency Price Analysis for the week October 22 to October 28

Coinbase Links Up With Circle for New Stablecoin, Ran Neuner spills beans on Coinbase IPO preparations, SEC Gives ICOs an H.A.N.D, While prices still on the lower end Crypto M&A Surges, In India SC Asks Centre To File An Affidavit Regarding Cryptocurrency Committee’s Report, Again from India Unocoin Founders Arrested Over Setting Up ‘Illegal’ Crypto ATM This week Coinbase announced a new partnership with frenemy Circle to form the CENTRE Consortium. First on the consortium’s docket? The creation of a new stablecoin, USD Coin, or USDC for short. Each USDC is backed back one greenback, and the companies will regularly report the status of those reserves. The two organizations chose to use the Ethereum blockchain to create the stablecoin with the ERC20 protocol. USDC now joins a long list of over 50 stablecoins currently in the crypto market. Amongst major news CNBC Africa Crypto Trader show host and cryptocurrency trader Ran Neuner tweeted that cryptocurrency exchange and digital wallet company Coinbase is preparing for an initial public offering. Coinbase is reportedly valued at around $8 billion and has 25 million users and 600,000 active traders. According to an infographic Neuner tweeted, Coinbase generated $90 million in revenue in Q3. In regulations, The SEC is clearly tired of blockchain projects pleading ignorance when it comes to regulations. The government organization’s newly formed FinHub is hosting office hours to answer any questions you may have about the regulatory landscape (as it currently stands). To schedule time, one simply need to fill out an online form outlining who you are and what you’re interested in learning about. It doesn’t take a crystal ball to predict where this is heading. It’s most likely that everyone would start to see “SEC approved” stamps popping up on projects who’ve taken advantage of this resource. Just because crypto prices have been relatively steady, however, does not mean that investors are likely pleased with their performance. Indeed, many of the leading coins have fallen by 50% or more since their peaks several months ago. This stagnant price trend has prompted many analysts and investors to speculate that the digital currency space is dead. Looking elsewhere within the larger cryptocurrency universe, though, it appears that there are signs of life. M&A activities in the digital currency world have tripled this year; in 2017 there were 47 total deals of this kind, and analysts at JMP Securities predict there will be 145 by the end of 2018. Perhaps the increase in awareness of cryptocurrencies and blockchain technology has played a role in the flurry of activity in this area. News coming in from India where The Apex Court now directed the center to file an affidavit on the status of the report to be filed by the interdisciplinary committee headed by the department of economic affairs (DEA) secretary Subhash Chandra Garg. Upon hearing the counsel, the bench ordered, “The learned counsel appearing on behalf of the Union of India has informed us that a Committee is deliberating on the very matter in issue in the Writ Petition. Let an affidavit be filed by the concerned officer within a period of two weeks from today giving us the stage at which the Committee is deliberating the matter, including the estimated time within which the Government will ultimately come out with its policy decision in the matter.” Dreams of India’s first Bitcoin ATM are dashed as The Central Crime Branch has arrested the founders of Bengaluru-based cryptocurrency exchange, Unocoin, which introduced India’s first crypto ATM in Bengaluru that was set to soon become operational. Unocoin’s co-founder and CEO Sathvik Vishwanath were arrested on October 25, two day after the Bengaluru city police Tuesday had arrested startup’s co-founder Harish BV. The police have reportedly called the setting up of the crypto ATM — located at Kemp Fort Mall in Bengaluru — illegal and launched without approvals. The police also suspect Vishwanath to have destroyed evidence — online transaction trails and customers’ details — stored in the laptops. Source: Coin360.io Bitcoin [BTC] The stability of Bitcoin continues this week as well as it was down just below 1 % this week. Now bitcoin’s stability is far less then major equity indicies. The prices hit the high point of USD 6,543.80 and the lowest point of USD 6,447.03 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, Bithumb (9.27%), Bitmex (5.95%) and Coinbit (4.40%) Among prominent voices, Elon, who is the CEO of Tesla and founder of SpaceX, shot out a tweet stating that he loved anime. He then followed it up with a nice anime image with a huge Bitcoin logo on it. The tweet read, “Wanna buy some Bitcoin?” Ethereum [ETH] Ether prices, on the top, this week were at USD 206.93 and were at lows of USD 201.55 dwindling pretty close to USD 200 hurdle and the range just getting narrower. The markets that we

17 days ago

Bittrex Adds a USD Trading Pair for Siacoin (SC)

Seattle-based cryptocurrency exchange Bittrex will soon roll-out a new USD trading pair for Sia (SC), a decentralized storage platform secured by blockchain technology that leverages underutilized hard drive capacity. ICYMI - We’re launching a US dollar (USD) market for Siacoin (SC) tomorrow. More USD market details here: https://t.co/VEZA7L3rb6 pic.twitter.com/vnRltUifAU — Bittrex (@BittrexExchange) October 28, 2018 According to the brief announcement,

17 days ago

BREAKING - SiaClassic Poised to Maintain Root Chain Despite Imminent Hard Fork

RALEIGH, NORTH CAROLINA - The Sia Classic Foundation, a community-oriented non-profit foundation built to advance decentralized storage platforms, has announced their intent to maintain Sia Chain following an imminent hard fork away from the root chain on October 31st. The eponymous cryptocurrency, SiaCoin, intends to fork, said Sia Classic’s leadership in an email, “to discriminate against all other ASICs outside of their proprietary solution. Their hardware is more expensive and less efficient than other choices on the market, and along with its equally proprietary killswitch, the fork will leave behind the majority of SiaCoin’s original supporters—many of who used various other kinds of hardware to support their network. “There are no other significant cryptocurrencies to mine with this hardware, which has made tens of millions, if not hundreds of millions of dollars, of mining hardware completely worthless. In this, they have diverged from their original raison d’être revolving around file storage, instead now using the fork to finance their own in-house hardware production, turning their back on the community that started it all.” The fork comes as the CEO of Nebulous, Sia’s parent company, earlier in October announced the decision to reset Sia’s proof-of-work function, essentially erasing the work done by the thousands of miners all over the world in order to initiate its hard fork. Nebulous’ subsidiary, Obelisk, officially stands as the enabler of the fork given its central role in manufacturing a mining chip allowing it to hard fork, on-command, at any time to brick third party miners, destroying its entire network apart from miners using its proprietary hardware. To carry forward SiaCoin’s original mission, Sia Classic has taken up the original network, utilizing the pre-existing community and associated hardware, reactivating the original miners in producing the imminent post-fork Sia Classic security token. The nonprofit intends to focus its efforts on providing real improvements and new use cases for SiaCoin’s original focus: decentralized storage and dApps powering such functions. And the market for this remains ripe for SiaCoin’s original value proposition. It consists of all of the SiaCoin supporters who bought non-proprietary hardware to maintain the coin; in general, crypto developers and companies who stand either to bring decentralized storage to the market, or to benefit from its use at an enterprise level. All told, the next-generations decentralized storage market is expected to be valued at USD 144.76 Billion by 2022, at a CAGR of 16.76% between 2016 and 2022. By maintaining the original SiaCoin network via Sia Classic Foundation and the original network, the nonprofit stands to help storage-focused miners maintain their place in that market and retain the value of their work mining SiaCoin prior. In SiaClassic’s declaration of independence, Scott Ellis, Chairman of the Board of Directors, wrote, “While mining centralization is the bane of any proof-of-work algorithm, it is our opinion that Nebulous’ decision to brick all non-Obelisk miners by hard-forking is incongruent with the best interest of the community and the coin. “ SiaClassic Foundation was formed to ensure the future of SiaCoin because it appears that Nebulous is no longer adhering to the original vision for SiaCoin. The SiaClassic Foundation, a non-profit organization, has a mission to ensure that there is no one central conglomeration of power, but that development and research takes place in an open and transparent atmosphere. “ The registration and operation of this Foundation speak to this community’s dedication to open and forthright projects. Moving forward, we believe that the SiaClassic Foundation will stand as a beacon to other cryptocurrency communities for how governance, project development, funding, and decision-making should function. We look forward to working with you all.” What are your thoughts about Sia’s hard fork? Miners and enthusiasts alike, share your comments by posting below! The post BREAKING - SiaClassic Poised to Maintain Root Chain Despite Imminent Hard Fork appeared first on NullTX.

20 days ago

U.S.-Based Crypto Exchange Bittrex to Add the USD/SC Trading Pair

U.S.-based cryptocurrency exchange Bittrex announced it will be launching the U.S. dollar market for Siacoin (SC), which is the No. 33 cryptocurrency based on market cap. Trading in the USD/SC pair will launch on Oct. 29. The Sia project is a decentralized cloud storage platform that is readying a hard fork on Oct. 31, which is when software V1.3.7 will be released. Meanwhile, Bittrex is one of the top 20 crypto exchanges and boasts trading volume of $71 million in the last 24 hours. (GT)

21 days ago

Siacoin’s (SC) Hard Fork to be Implemented on the 31st of October to Block Bitmain’s ASIC Miners

On the 16th of October, the team at SiaCoin (SC) announced that they had uploaded the newest version of their codebase. The new update is required for everyone who intends on being part of the Sia Network after the 31st of October. The tweet making the announcement was as follows: We just released Sia v1.3.6, which includes several important updates in addition to support for the October 31 hard fork! This is a required update to remain on the Sia network on October 31. Where to Download The team went ahead to provide their official Sia page as to where users can download the new software upgrade. The new version is v1.3.6 and has been downloaded almost 1 Million times at the moment of writing this. Why a Hard Fork and How Bitmain Played a Part Back in June, the team at Siacoin announced that were pursuing the manufacturing of ASIC miners for the project. This venture would be carried out through its parent company of Nebulous. Members of the Sia community collectively contributed millions of dollars in support of this venture. However, at the same time- and in secret - Bitmain had began the development of its own ASIC miners for the Sia network. Bitmain did not announce the new product until 10 days before shipping. In summary, they blind-sided the million dollar ASIC miner project by Nebulous. This move was viewed as an attack by the Sia community, thus bringing about the necessity of the scheduled Hard fork on the 31st of October. The team at Sia summarizes this in the following comments: Everything we know indicates that a substantial majority of Sia’s users — its renters, hosts, traders, and developers — support forking to escape the grip of unethical mining manufacturers. No Airdrop from Siacoin The team has however clarified that the Hard Fork will not result in an airdrop or free tokens from Siacoin. Those who intend to continue mining the old version of the coin, are free to promote their new coin however they like, including airdrops. What are your thoughts on the pending Hard Fork by the team at Siacoin? Was it fair how Bitmain manufactured their own miners in secret? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Siacoin’s (SC) Hard Fork to be Implemented on the 31st of October to Block Bitmain’s ASIC Miners appeared first on Ethereum World News.

24 days ago

Cryptocurrency Market Update: All Quiet During Sunday Trading

FOMO Moments Markets are sleeping again this weekend; only Veritaseum and Ravencoin going anywhere. Sunday has seen a small upward shift in crypto markets as predicted in yesterday’s market update. With a series of small higher lows over the past 24 hours market capitalization has crept back over $210 billion. Bitcoin has climbed back over $6,500 again but is only up around half a percent on the day. There are no solid signals for movement in either direction as BTC looks to stay at this level for a while. Ethereum is a similar situation with a one percent gain to $207 during Asian trading today. The altcoins are mostly green at the moment but as in previous days gains are very small. In the top ten Bitcoin Cash has made the most progress with a 2% rise to $450. The rest have made between zero and 1.5 percent on the day. The top twenty is a very similar pattern with Zcash making the biggest gain of 3.4% to trade at $126. Some altcoins such as Dash and VeChain have not moved at all but most are up around a percent since this time yesterday. Today’s fomo pump is Veritaseum which has entered the top one hundred and is surging 33% at the time of writing. Tomorrow it will probably be the opposite for VERI. Ravencoin is also doing well at the moment with a 22% climb as is Bytom which has jumped 19% on the day. Nexo has made 13% and Siacoin is also in double figures with a 10% gain. Two altcoins are topping the red end of the chart with CyberMiles and Digitex Futures both losing over 6% right now. Losses are very small for the rest of them. One percent has been added to the total crypto market capitalization which currently stands at $211 billion. Trade volume has dipped below $10 billion again and things are still very slow and very sideways in crypto land. Bitcoin dominance as dropped a touch to 53.6% but no altcoins are showing any significant movements this Sunday. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: All Quiet During Sunday Trading appeared first on NewsBTC.

25 days ago

Sia Publishes Hard Fork Code To Block Mining Giants

After a year of debate, the Sia blockchain community decided to block mining giants like Bitmain from bringing their ASIC miners. David Vorick, founder and CEO of Nebulous, a for-profit foundation for Sia has released the code for the upcoming hard fork. The code will be activated on October 31. After the fork, only ASIC miners produced by Nebulous subsidiary Obelisk can be used to mine the network for block rewards. Bitmain's Antminer A3, launched in January will no longer work on Sia network. Siacoin (SC) is priced at $0.006428, losing 1.90% in the last 24 hours. (VS)

a month ago

Sia, Hyperspace, Sia Classic, and Sia Prime - a "Who's Who?" of forks ahead of 10/31/18

**Disclaimer:** *I own Obelisk SC1 units and stand to profit financially from Sia's upcoming mining algo change. I received a portion of Hyperspace's 'community contributors' airdrop. I operate a mining pool for Hyperspace, and intend to launch a mining pool for Sia Prime. I benefit or expect to benefit financially from pool operation. I hold community moderator positions for Hyperspace and Sia Prime, and do not benefit financially from either of these positions.* **Overview:** Since Bitmain's announcement of blake2b ASICs, there have been several announcements of new blockchain projects derived from the Sia project. During the original fork discussion in January 2018, Hyperspace was announced as a project and officially launched in July 2018. More recently, with Sia's announcement to fork to an alternative blake2b-based algorithm, two new chains have announced: Sia Prime and Sia Classic. My goal of this post is to provide a neutral overview of each blockchain project and better inform the community about fork options. I plan to keep this post updated through the fork on block at block 179000. **Sia (SC)** - [Website](https://sia.tech) - [Discord](https://discord.gg/sFCT3Ar) - /r/siacoin *Overview*: Sia is a storage project intended as an intended enterprise storage layer, and claims to be the only blockchain storage project that is truly decentralized. Sia was officially launched in 2015. Recent code improvements from Sia include video streaming and renter improvements. Sia has focused most of its future development effort on improving file sharing, a new .sia file format, and improvements to the renter/hoster experience. *Key People/Credentials*: Sia is developed by Nebulous, Inc., which consists of Sia's two founders - David Vorick (/u/taek42) and Luke Champine - as well as three other developers and two non-developers. Obelisk, the manufacturer of ASICs capable of mining the alternative algorithm, is a wholly owned subsidiary of Nebulous. *Competitive Advantages*: The chain maintained by Nebulous is perceived as the main Sia project, and will likely remain so for the foreseeable future. Exchanges will continue to trade the Sia chain maintained by Nebulous after the October 31 fork. All known application development in the Sia ecosystem supports the main Sia chain. *Weaknesses*: As an older blockchain project, Sia does not have a deep war chest compared to other storage projects (Storj, Filecoin, etc.). Nebulous has opted to raise funds via traditional private equity rather than ICOs, which limits the size of the development team. The chain is perceived to be centralized around the decisions of taek's conservative blockchain philosophy, which has led to a slow pace of development and innovation. Other common criticisms of Sia include Nebulous' conflict of interest with Obelisk, inability to meet committed deadlines, marketing, and lack of support for application development. **Hyperspace (XSC)** - [Website](https://hspace.app) - [Discord](https://discord.gg/J3tdnDE) - /r/hyperspace *Overview*: Born out of disagreements with Nebulous' conservative development philosophy, Hyperspace was launched as an experimental fork in July 2018. Hyperspace seeks to address the revenue, hosting incentive, and user marketing issues commonly highlighted as weaknesses in Sia. Recent code improvements from Hyperspace include light nodes and atomic swaps. Future planned improvements include single payment verification, light nodes, a testnet, and application development on top of the XSC chain. *Key People/Credentials*: The 2.5 man core team consists of two core developers, mark (/u/slowtoaster) and wangchao, as well as a designer. Mark and wangchao have made substantial contributions to the Sia ecosystem since mid-2017, including [Toastpool](http://toastpool.com) (Sia's first open source pool), support to launch Sia's china-based exchanges, and the first known usage of [scriptless atomic swaps](https://github.com/HyperspaceApp/atomicswap) in the blockchain space. *Competitive Advantages*: The Hyperspace team is based out of China, and is the only team able to take advantage of China's language barrier. In part due to a timelocked 600M XSC 'community contributors' airdrop, many Sia application developers have created Hyperspace-specific versions of Sia support sites, including two explorers and Raspberry Pi support. *Weaknesses*: Hyperspace has taken significant criticism due to a 3B XSC airdrop to the core team. When the timelock for the airdrop expires in 2021, the core team will own more than 20% of total XSC supply. The core team plans to build a central service layer on top of the Hyperspace platform, but does not actively plan for other companies to build on top of Hyperspace. This suggests eventual centralization of utility provided. XSC is available for trading on only one exchange. **Sia Classic** - [Website](https://siaclassic.org) - [Discord](https://discordapp.com/invite/Mdmt5jJ) - /r/siacl...

a month ago

Altcoin ASIC Debacle Will Split Siacoin’s Community In Two

It has been coming for a while now, but the ongoing Siacoin debacle will create a bit of a fallout. The developers’ decision to rebuke Bitmain and other ASICs from the network is an intriguing choice. Not everyone favors this decision, however, which will result in creating the SiaClassic Foundation. The SiaClassic Idea It is quite interesting to see how a decision by developers can leave communities somewhat divided. The influx of altcoin ASICs has been somewhat of a necessary evil for some projects, yet the Siacoin team isn’t too happy with the way things are. As such, they are effectively rebuking the idea of non-self-developed ASICs hashing away on the network. A solid choice, although there is some friction. Several days ago, a surprising post surfaced on Medium. it discusses the launch of SiaClassic and the associated non-profit organization to oversee this project. It will serve as a way to further the original Sia chain, although it will not follow the same path as what the main developers are doing right now. By forming this non-profit, the team wants to achieve unmatched legitimacy. A very bold claim, although there is a plan of action. It will be governed by a Board of Directors, Supervisory Board, and Advisory Board. Elections will be held, and the full list of members is expected to be made public in the coming few days. The decision for SiaClassic is because of the “proof-of-work reset” the currency will undergo by “banning” third-party ASICs. It is not uncommon for such decisions to effectively create a split community and subsequent forking on the currency itself. Creating SiaClassic might not necessarily be the right course of action, albeit the idea is not without its own merit. The team explains their views as follows: “We know that a healthy majority of miners on the Sia network are not medium or large-scale mining operations. That is not to say that medium or large-scale miners do not exist. But we would be remiss to ignore those individuals who purchased one or two miners in hopes of mining profitably and supporting the network. The pending Sia fork treats every owner of any Bitmain or Innosilicion ASIC in the same way. As such, it is reasonable to conclude that Nebulous has chosen to punish the entire community for actively supporting their coin.” For the time being, it remains to be seen what this fork will effectively do to the project and the community. While it is good to see conflicting views resolved in a professional manner, it does not necessarily play out well either. The Ethereum and Ethereum Classic split is an interesting example, albeit it was a split occurring for very different reasons. How the SiaClassic Foundation will fare in a few months from today, is difficult to predict. The post Altcoin ASIC Debacle Will Split Siacoin’s Community In Two appeared first on NullTX.

a month ago

Here’s a map of all the Sears and Kmart stores closing in the US

Sears filed for bankruptcy in New York’s federal court early Oct. 15, announcing the closure of their remaining 142 Sears and Kmart stores (you can read the bankruptcy court filing here (pdf)). After years fighting decreases in sales at its once ubiquitous department stores, the company announced a chapter 11 bankruptcy to provide restructuring and financial relief for the organization. As part of the restructuring plan, Eddie Lampert will vacate his CEO post and become chairman. What started as a catalog company in 1893 changed the American landscape through its once innovative big-box store approach to retail. Sears grew hand in hand with the expansion of the post-war US middle class. As families moved out of the cities and into the suburbs, Sears was there, with its big-box stores offering furniture, kitchen appliances, and home and auto repairs. Innovative in its day, Sears offered a one-stop shop allowing patrons to browse goods ranging from the latest fashion trends to cleaning contraptions, giving suburban customers a retail experience without driving into the cities. In recent years, Sears failed respond effectively as buyers moved from the malls to their monitors. Declining foot traffic in malls, and the rise in popularity of online marketplaces like Amazon scuttled Sears’ sales and stock value. An acquisition by Kmart in 2004, which formed the Sears Holding Corporation, briefly re-energized the brand, but didn’t do enough for its long-term chances. In addition to 46 shop liquidations earlier this year, the company has announced that 142 Sears and Kmart stores will close their doors before the end of 2018. The map below shows the locations of all these stores, according to court filings: The closing of so many physical stores likely signals the end of the iconic department store, though in court proceedings, the company’s chief financial officer, Robert Riecker, issued cautionary hope: “Will Sears be relegated to the dustbin of history, and will 68,000 Americans lose their jobs, or will Sears enter the next chapter of its life as an iconic American company?” Store Number Debtor Address 4455 Kmart Corporation 3955 S W Murray Blvd Beaverton, OR 97005-2316 3982 Kmart Corporation 215 W Hanford/Armona Rd Lemoore, CA 93245-2302 3978 Kmart Corporation 400 Crosstown Road Peachtree City, GA 30269-2915 3713 Kmart Corporation 6239 Turner Lake Road Covington, GA 30014-2064 3808 Kmart Corporation 1530 East Broad Street Statesville, NC 28625-4302 9438 Kmart Corporation 720 Clairton Blvd/Rte 51 Pleasant Hills, PA 15236-4517 7209 Kmart Corporation 15891 State Rt 170 East Liverpool, OH 43920-9633 2225 Sears, Roebuck and Co. 703 N Berkeley Blvd Goldsboro, NC 27534-3444 1646 Sears, Roebuck and Co. 11033 Carolina Place Pkwy Pineville, NC 28134-8370 2600 Sears, Roebuck and Co. 3401 S Us Highway 41 Terre Haute, IN 47802-4154 4433 Kmart Stores of Illinois, LLC 3701 Broadway St Quincy, IL 62301-3721 4150 Kmart Corporation 528 W Plank Road Altoona, PA 16602-2802 3820 Kmart of Michigan, Inc. 06600 M-66 North Charlevoix, MI 49720-9505 2584 Sears, Roebuck and Co. Rt 394 & Hunt Blvd Lakewood, NY 14750- 7229 Kmart Corporation 600 C W Stevens Blvd Grayson, KY 41143-1190 2963 Sears, Roebuck and Co. 400 N Center St Westminster, MD 21157-5140 1405 Sears, Roebuck and Co. 400 Cross Creek Mall Fayetteville, NC 28303-7244 9354 Kmart Corporation 430 W Ridge Rd Griffith, IN 46319-1095 3097 Kmart Corporation 2803 E Kanesville Blvd Council Bluffs, IA 51503-1004 9222 Kmart Corporation 1111 N 2Nd Cherokee, IA 51012-1287 3361 Kmart Corporation 1502 South Fourth St Allentown, PA 18103-4949 3807 Kmart Corporation 835 Solomons Island Rd N Prince Frederick, MD 20678-3912 2306 Sears, Roebuck and Co. 1001 Rainbow Dr Gadsden, AL 35901-5376 7169 Kmart Corporation 400 South Broadway Salina, KS 67401-4005 2124 Sears, Roebuck and Co. 5522 Shaffer Rd Ste 129 Dubois, PA 15801-3304 2341 Sears, Roebuck and Co. 701 Se Wyoming Blvd Casper, WY 82609-4213 7223 Kmart Corporation 7000 Veterans Memorial Metairie, LA 70003-4497 2335 Sears, Roebuck and Co. 2801 Wilma Rudolph Blvd Clarksville, TN 37040-5011 9409 Kmart Corporation 1000 Nutt Rd Phoenixville, PA 19460-2200 2546 Sears, Roebuck and Co. 2625 Scottsville Rd Bowling Green, KY 42104-4477 2311 Sears, Roebuck and Co. 3201 W Main St Norman, OK 73072-4847 1287 Sears, Roebuck and Co. 6600 Menaul Blvd Ne Ste 700 Coronado, NM 87110-3447 1080 Sears, Roebuck and Co. 2605 Preston Rd Frisco, TX 75034-9434 1403 Sears, Roebuck and Co. 1235 Worcester Rd & Natick, MA 01760- 1112 Sears, Roebuck and Co. 12431 Wayzata Blvd Minnetonka, MN 55305-1925 1844 Sears, Roebuck and Co. 10300 Little Patuxent Pkwy Columbia, MD 21044-3341 1318 Sears, Roebuck and Co. 3001 Ming Ave Bakersfield, CA 93304-4145 1115 Sears, Roebuck and Co. 2100 Hamilton Place Blvd Chattanooga, TN 37421-6006 3941 Kmart Corporation Northrid

a month ago

Siacoin Price Gains 10% After Announcing a Hard Fork To Block ASIC Miners

There is a lot of exciting movement happening outside the top 20 cryptocurrencies. At a time when the market is experiencing a correction, it’s refreshing to see some coins making... Continue reading "Siacoin Price Gains 10% After Announcing a Hard Fork To Block ASIC Miners" The post Siacoin Price Gains 10% After Announcing a Hard Fork To Block ASIC Miners appeared first on UseTheBitcoin....

a month ago

Siacoin Price Analysis: SC/USD On Track for Sustained Reversal

Siacoin has been up more than 20% in the past 24 hours, currently testing the neckline of its double bottom formation on its 4-hour chart. This reversal chart pattern spans 0.0045 to 0.0080, so the resulting rally could be of the same height. The 100 SMA is attempting to cross above the longer-term 200 SMA... The post Siacoin Price Analysis: SC/USD On Track for Sustained Reversal appeared first on Live Bitcoin News....

a month ago

Cryptocurrency Market Update: Siacoin Surging on ASIC Limiting Hard Fork

FOMO Moments Markets creeping back up; XRP, Nem and Siacoin performing well. Crypto markets have crept back up a little since yesterday’s dump. They are still stuck at the bottom though as any upward momentum is lost after a few days. Market capitalization is approaching $220 billion once again but gains are small. Bitcoin, which...

a month ago

Siacoin Price Surge Continues as new 7% Increase Materializes

Despite the overall negative momentum keeping cryptocurrencies in its grasp, the Siacoin value is still on the rise. This trend has become apparent two days ago and is not relenting just yet. That further confirms the Siacoin price will continue to note solid gains for quite some time to come. Siacoin Price Momentum Remains in The post Siacoin Price Surge Continues as new 7% Increase Materializes appeared first on NullTX....

a month ago

Biggest Gainer: Siacoin Surges 6.66% Amid the Bearish Market

Cryptocurrency investors recently had their hopes high as the crypto market had started showing signs of recovery. However, the bullish trend was short-lived as a majority of the coins slipped into red shortly after. According to Coinmarketcap, a significant number of the coins in the top 100 experienced price declines. However, Siacoin emerged as the top gainer amid the bearish market. As of 10:00 PM UTC, the price of the coin which is ranked #35 by market capitalization, had surged by 6.66% in the last 24 hours to trade at $0.007539. (SK)

a month ago

How Long Can Siacoin Outrun ASIC Manufacturers?

Some people really don’t like Jihan Wu. Bitmain, which produces the inexpensive, industrial-grade chips that spoiled the home mining game, is now unwelcome in yet another crypto community. Siacoin, an online network for distributed storage, announced a protocol upgrade to “brick” the Bitmain and Innosilicon hardware which currently threaten to dominate Sia mining. The surprise release of The post How Long Can Siacoin Outrun ASIC Manufacturers? appeared first on Crypto Briefing....

a month ago

Siacoin Says No To Mining Centralization With Upcoming Hard Fork

The Siacoin developers have decided to perform a hard fork to remove high-performance mining hardware from their network. Bitmain and Innosilicon miners will no longer function on the main Siacoin blockchain....

a month ago

Sia Price Rises After Announcing ASIC Block

Sia (SC) price rose 5% after announcing plans to upgrade its software and block third-party ASIC miners. The hard fork will reset the proof-of-work (PoW) function and after the fork occurs miners manufactured by Innosilicon and Bitmain will no longer be able to mine SC. To date, Innosilicon is mining nearly 37.5% of the Sia hashrate and yesterday the CEO of Sia’s parent company, Nebulous, announced that the company will develop their own ASIC miners for Sia. Some view the move as progression toward centralization but Vorick denied this claim by saying, “Sia doesn’t view blockchains as a democracy, we view them as a source of stability.” (RS)

a month ago

Siacoin Rejects Bitmain and Innosilicon ASICs Through Future Hard Fork

Siacoin has been a rather interesting cryptocurrency to keep an eye on throughout 2018. Not because of its price movement, as that has been in line with all other bearish markets. Instead, there has been an ongoing debate as to whether or not the project needs to fork its code to prevent Bitmain ASICs from The post Siacoin Rejects Bitmain and Innosilicon ASICs Through Future Hard Fork appeared first on NullTX....

a month ago

Sia (SC) Outpaces the Market After Announcing an ASIC Miner Block

Sia (SC), a decentralized storage platform secured by blockchain technology that leverages underutilized hard drive capacity, announced this week that it will conduct a hardfork to reset its proof-of-work (PoW) function in order to block third-party ASIC miners, including those made by Innosilicon and Bitmain. 1/4 Big announcement: the Sia core team has decided to reset the Proof-of-Work algorithm ...

a month ago

Bitcoin exchanges bite the bullet

Photo: Bloomberg Mumbai: This week, the Supreme Court (SC) is likely to give its final verdict on the use of banking channels to buy and sell bitcoins on cryptocurrency exchanges. As of now, you can’t use your bank account to buy or sell cryptocurrency from any exchanges in India. But even before the verdict is...

a month ago

Siacoin Price Gains 5% As Community Rejoices Over ASIC News

A lot of interesting price movement is happening outside of the cryptocurrency top 25. Whereas most of the top currencies are still in the red or slowly recovering, the Siacoin price is noting some strong gains. Although the current trend is anything but spectacular, it shows there is some good momentum forming. Siacoin Price is on The post Siacoin Price Gains 5% As Community Rejoices Over ASIC News appeared first on NullTX....

a month ago

Ripple’s xRapid Goes Live with 3 Initial Users

After a long-drawn community discussion, Siacoin founder David Vorick has decided on changing the proof-of-work function to disable most of the mining rigs on the network....

a month ago

Top Gainer for the Top 100: SiaCoin (SC) up 24%

Checking in on how the coins in the Top 100 are doing, we see that the best performer over the past 24-hours is SiaCoin (SC), the decentralized cloud storage platform secured by blockchain technology. SC is currently trading at a price of $0.007201, marking a nearly 24% increase since yesterday. Some other notable mentions from the top 100 include Electroneum (ETN), currently up nearly 15% at $0.0137, and Stellar Lumens (XLM), currently up 11% and trading at a price of $0.28. (JF)

2 months ago

Malaysia’s Watchdog Halts Lavidacoin Promotions

The Securities Commission (SC) of Malaysia has ordered the recently launched Lavidacoin to stop all promotions until further notice. Lavidacoin was created and promoted by Malaysian cosmetics mogul and beauty guru Datuk Seri Hasmiza Othman, aka Dato’ Vida, hoping to raise as much as $1.5 Billion. Othman planned to do a lot of things with the money, including an entrepreneur-focused online entertainment channel, an LVC payment gateway, and even a non-profit mosque. Last month, the regulator gave a generic warning to potential investors. However, this time, they've directly gone against Lavidacoin to block its ICO. (VS)

2 months ago

Ripple Price Analysis: Bulls Have Their Eyes Set North

Ripple continues to slowly ascend as it posted a 0.80% gain during the latter half of Tuesday’s trading session. The altcoin bounced off the most immediate support which has created a rising wedge pattern. The next crucial step is for XRP to cross above the $0.3500 resistance as this would open the doors to a return above $0.40. XRP currently has support at $0.3350. At the time of writing, XRP is down 0.31% and the price is $0.3365. (RS)

2 months ago

Bitcoin Intraday Price Analysis: BTC is on the Verge of a Breakout

BTC continues to rise within the ascending wedge channel and the hourly chart shows the formation of a bull pennant. BTC remains above the 100 and 200-hour moving averages and the Stoch and RSI have leapt high into overbought territory. In the event that BTC breaks above the rising wedge resistance, prices could rise from $7,460 to $7,819. $7,379 appears to be today’s short-term resistance and $7,153 functions as an interim support. A drop below $7,153 could see BTC drop to $7,091 but a quick bounce back to the current range is expected. At the time of writing, BTC is up 1.34% and the price is $7,372. (RS)

2 months ago

Hard Wallet Alert: Trezor Releases 1.6.3 Security Update

Trezor recently released a firmware update (1.6.3.) for it’s Trezor One hard wallet. According to Trezor, “the security patch fixes the same physical attack vector as the one described in the aforementioned update.” The new firmware “verifies the authenticity of he bootloader in the device” The newest update comes as a anonymous researcher notified Trezor that the previous update (1.6.1) failed to address some critical vulnerabilities. In additional to the new security features, update 1.6.3 also allows for the addition of 80 ERC-20 tokens. (RS)

2 months ago

Poloniex Adds 5 New Trading Pairs Against USDT

Cryptocurrency exchange Poloniex has announced five new trading pairs for USDT: 0x (ZRX), Lisk (LSK), Dogecoin (DOGE), Golem (GNT), and Siacoin (SC). Accusations of market manipulation by Tether still exists. However, that is not stopping Poloniex, which was recently acquired by Circle to add more trading pairs. Poloniex saw a volume of $34.5 Million in the last 24 hours. (VS)

2 months ago

Ripple Price Update: XRP Bulls Buck Back

While Monday was something of a slow trading session, Ripple (XRP) has tacked 1% in gains on the board today and the altcoin recovered well from a recent bear attack. XRP still trades within the rising wedge pattern and is prepped for additional gains. XRP is still susceptible to attacks from bears and in the event of a reversal the altcoin has support at $0.3565, $0.3335 (near the 100 MA) and $0.3230 which corresponds with the August low. As XRP gains it will encounter resistance at $0.3425, $0.3500 and $0.3565. Currently XRP is down 0.54% and the price is $0.3368. (RS)

2 months ago

Bitcoin Price Update: Pop, Wait, Then Consolidate

Up till this morning BTC continued to experience rejection at $7,300 and after a 2.5 week 27% gain a small pullback was expected. The pattern of higher lows has been consistently re-established after each strong rejection from $7,300 and BTC remains well situated from a technical standpoint. $7,270 to $7,250 have functioned as reliable supports but a move below these would place BTC outside of the ascending channel resistance. All the shorter term moving averages (MA) are above the longer MAs and on August 26th the MACD on the weekly chart crossed bullish. In the short-term BTC needs to overtake and hold $7,300 in order to maintain strong bullish momentum. (RS)

2 months ago

Crypto Update: The New Developments in Bitcoin, Stellar, Litecoin, Tron, and NEO

With the increasing crypto adoption, chocolate Bitcoins is making headlines after being spotted at Walmart, and each bag goes for $1.00. Neo.Game which brought many developers together has come to an end, and winners have been awarded. Lykke exchange has listed Stellar, and trading can now occur using the Lykke mobile wallet. Also, Litecoin Summit 2018 is scheduled for Sept.14-15 and will happen at South San Francisco Conference Center. Further, Justin Sun boasts of Tron's mainnet accounts surpassing that of EOS by 301,000. (KE)

2 months ago

Lisk Core 1.0 Mainnet Migration a Success

Lisk has announced that it has migrated core 1.0 to its mainnet successfully. The communication lead at Lisk, Micheal Borowiec termed this as Lisk ecosystem significant milestone to date. The migration was overseen by Lisk's Switzerland (Zug) headquarters. Lisk, by use of javascript, enables developers to build blockchain applications that are scalable while enabling them to deploy their custom tokens. Lisk Core 1.0 features and advancements on technology are; new API and Real-Time Peers, a peer-to-peer communication layer for maximization of performance and the network's reliability improvement. (VK)

2 months ago

Yasuo Matsuda Formerly of Deutsche Bank Hired by FXcoin Ltd as a Senior Strategist

Yasuo Matsuda, the previous Deutsch Bank foreign exchange dealer has been taken up and recruited by FXcoin as their senior strategist. Yasuo was hired to focus on the market speculation daily report and was to begin working starting this September. This follows after the plans by FXcoin Ltd to venture in the exchange of cryptocurrencies received FSA regulatory approval. Matsuda will be expected to use his expertise gained from his previous job in Deutsch bank to provide digital tokens research. Matsuda reportedly has a six years experience in the brokerage industry. (VK)

2 months ago

Deutsche Boerse Creates New Division Focused on Crypto Assets and DLT

Deutsche Boerse, a Frankfurt-based stock exchange operator, has created a new division focused on crypto assets, market securities and blockchain. The unit comprises of 24 employees who will implement the use of distributed ledger technology (DLT) in the creation of new market structures. The technology will be used to create new products and enhance the existing offerings. The firm had earlier collaborated with Deutsche Bundesbank in developing a blockchain-based prototype for the settlement of securities. (VK)

2 months ago

Analysis: What Digibyte Could do to Ensure its Mainstream Adoption

Digibyte needs to avail a way in which buyers can directly purchase it without having to go through 3rd party websites such as Coinbase. Third party websites create challenges such as verification for buyers. For Digibyte to get mass adoption, it needs to make the buying process easy. The current process involves buying Bitcoin (BTC), then converting it to Digibyte (DGB). Moreover, the conversion charges a hefty 10% fee. These factors have discouraged people from purchasing DGB. Due to this, Digibyte has failed to get mass adoption and to be used for P2P or business payments. The DGB team needs to create a gateway to directly purchase the digital currency with either ACH of a credit card. (KE)

2 months ago


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