Siacoin SC

$0.0024
Market Cap $ 94.816 MM (#51)
24h Volume $ 923.424 K
Chg. 24h: -0.60%
Algo. score 3.8/5  (#89)
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Siacoin News

All You Need to Know About the Security Token Offering

CoinSpeaker All You Need to Know About the Security Token Offering Until a few months ago, the ICO (Initial Coin Offering) looked like it would be unstoppable. It had become the go-to means of raising capital for tech entrepreneurs wanting to fund their next venture. In the first quarter of 2018, ICOs had raised more than $6.3 billion from investors, surpassing the total of ICO funding in all of 2017. However, the US Securities and Exchange Commission (SEC) and other regulatory authorities soon started to intervene. The problem is that when investors buy tokens as part of an ICO, they are often doing so in anticipation of future profits. Furthermore, the investor community around a project usually perceives their token ownership as a stake in the project itself. These dynamics can exist whether or not a project’s founders assert that they retain full ownership of their creation. This difference in expectations has become a problem for ICOs. US Securities legislation uses the “Howey Test” to establish whether or not a transaction meets the criteria of being an investment contract. The Howey Test questions whether “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.” While the SEC hasn’t yet introduced any formal legislation around ICOs, SEC Chief Jay Clayton has been unequivocal in his statements that ICOs should be treated as securities. Other regulators, such as the Swiss FINMA, have also established their position on securities offerings. What is an STO and How is It Different from an ICO? From this cloud of regulatory uncertainty came the Security Token Offering (STO). Essentially, the STO is an ICO that has dropped any pretense that it isn’t offering securities. Therefore, an STO attempts to comply with securities legislation based on the geographical location of its investor base. STO investors can be assured that they are purchasing equity in the company itself. Unlike an ICO, an STO sale creates obligations for the issuer of the tokens and gives legal rights to the investor. Unlike an ICO, if the project flops and the company goes into liquidation, the STO investor stands a chance of getting some of their investment back. Also, while the ICO has been mainly limited to a means of crowdfunding for startups, the possibilities for an STO could mean an established company simply tokenizes its existing equity instruments. Finally, unlike an ICO, security tokens are not traded on unregulated crypto exchanges, but on compliant trading platforms. Because security tokens are a very new concept, some of these platforms are still in development. Coinbase has announced it will soon be starting security token trading, while NYSE owner ICE is launching a compliant trading platform for digital assets called Bakkt. Regulatory compliance can impose different requirements on an STO depending on where the tokens are being offered to investors. Now that there are a lot of investors entering the blockchain space—especially in the far-East—many are looking to invest in STOs as they are an emerging trend. Examples of STOs There have only been a few instances of STOs so far, again because the process is nascent. Blockchain Capital was one of the earliest pioneers. The company is a venture capital firm and raised $10 million within six hours of opening its STO earlier this year. The proceeds were transferred into one of the firm’s venture funds. Science Blockchain is another example, having raised $12 million for its incubator and fund focused on blockchain investments. Sia is a blockchain-based cloud storage platform, with an STO that is currently ongoing. The Sia platform operates two coins, the Siafunds coin, which is being sold in the STO. Users of Sia cloud storage will transact in the Siacoin as the utility token of the platform. Setting Up an STO To be successful in the STO space requires expertise, particularly so given that the concept is still in its infancy. Launching an STO is a completely different approach and is subject to much more scrutiny than an ICO—especially in terms of legal frameworks and tokenomics, since each token represents a security. Moreover, regulation is still unclear in many jurisdictions around the world. Therefore, investors and regulators analyze these projects much more rigorously. For this reason, it is critical to partner with the right team of advisors to help navigate the process. Priority Token is an international STO and ICO advisory agency with offices in London, Singapore, Moscow, and Seoul. They are the #1 STO agency and within the top 3 ICO agencies with significant experience in fundraising for utility and security tokens along with raising venture capital. Furthermore, Priority Token has a huge investor network in Asia (China, Korea, Japan, Hong Kong, and Singapore) and performs roadshows for their clients almost every month. The company has been involved in projects raising more than $200 mil

3 days ago

Illegal ICO and Crypto Exchange Operators will Face 10 Year Prison Sentences in Malaysia

Malaysia’s Securities Commission (SC) has announced that Bitcoin and other cryptocurrencies will be classified as securities and as of January 15, any entity intending to host an ICO or operate a crypto-oriented business will need to obtain a license from the SC. Malaysia’s finance minister Lim Guan Eng explained that anyone in violation of these new laws “may be punished, on conviction, with imprisonment not exceeding ten years and a fine not exceeding RM 10 million ($2.43 million).” The SC now intends to consult with the country’s central bank to distribute a complete legal framework for the crypto sector by Q1 2019. The central bank also published a list of domestic crypto companies that offer crypto trading platforms and wallet services and the bank clarified that it has not licensed these organizations to operate in Malaysia’s financial sector. (RS)

5 days ago

Malaysia to Jail Illegal ICO and Crypto Exchanges Operators for 10 Years

Running an unregistered crypto exchange or an initial coin offering (ICO) in Malaysia could land the operator in jail for a maximum of 10 years. $2.43 Million in Fines Securities Commission Malaysia (SC), the country’s top financial watchdog, has announced that it would categorize cryptocurrencies such as Bitcoin as securities. The commission confirmed in a press...

5 days ago

Sia Co-Founder Claims 2019 Will Be The Year Of 51% attacks

David Vorick, the co-founder and CEO of blockchain-based storage network SIA believes 2019 will be the year of 51% attacks. The year started with a high-profile hack of Ethereum Classic, where Gate.io lost over $200,000 to a double-spend attack. Vorick blames fundamental weakness in the protocols, and they are not incentive-compatible. He has proposed exchanges to use increased confirmation times for coins with low hashrates. SiaCoin (SC) is priced at $0.002412, losing 3.10% in the last 24 hours. (VS)

6 days ago

Decentralized File Storage: Five Projects To Replace The Cloud

Data generation is on overdrive, and consumer requirements are far outpacing the capacity of individual hard drives. Current estimates suggest that 2.5 quintillion bytes of data created every day, flooding out of numerous connected devices. Most cloud storage solutions rely on systems like Dropbox, Microsoft OneDrive, Google Drive, and Apple iCloud Drive. These platforms are highly centralized, with single points of failure that are highly susceptible to breaches. Thus, they undermine privacy, keep the prices of data storage high, and are prone to errors resulting in costly Internet outages down the line for users. Decentralized storage is now gaining traction as a secure solution. Starting with Interplanetary File Storage, several crypto projects are seeking new ways to secure user data. These are the main players in decentralized file storage: InterPlanetary File System The IPFS Protocol is a P2P (peer-to-peer) distribution protocol that attempts to “connect all computing devices with the same system of files,” just like the documents in your hard drive. Although similar to the Web, IPFS is more similar to a BitTorrent swarm, which exchanges objects with a GitHub repository. Unlike the web, data on IPFS has no single point of failure, and nodes don’t need to trust one another. IPFS in itself is becoming a primary subsystem of the internet, which could complement or even replace HTTP. The system combines ideas from previous P2P systems such as BitTorrent, Git, self-certified filesystems (SFS), and distributed hash tables into a single cohesive ecosystem, that distributes large data while allowing for writing and deploying applications. Since the data is content-addressed, nodes don’t need to trust each other. Instead, they connect, transfer, and store objects (i.e. files and data structures) in local storage. Here’s what happens when you add a file to the IPFS Protocol: Each data file is given a cryptographic hash, which functions as a unique fingerprint. IPFS removes duplications across the network and tracks the version history of each file. Each network node only stores what it is interested in, while indexing the information to help determine who is storing what. Anytime someone wants to look up a certain file, they ask the network to find nodes storing content associated with the file’s hash. However, IPFS is not free of limitations, and the lack of concrete incentives cause a barrier for long-term file storage. Several projects are seeking to overcome these problems by allowing users to pay for storage with cryptocurrency. Storj Storj is the market leader of decentralized storage with a community of about 20,000 users and 19,000 storage providers. The project is currently in public alpha, and costs $0.015 per gigabyte of storage per month, according to the website. In the Storj protocol, nodes are selected to host data based on ping time, throughput, and other criteria. Users will not have to choose a specific timeframe to store their files, as the data will remain there indefinitely until it is removed. The protocol utilizes sharding, encryption, and swarming models to split and recompile files. Currently, Storj is “payment agnostic” but uses the ERC-20 token STORJ to compensate storage providers. In the future, the platform says it will offer payments through other cryptocurrencies, fiat currencies, credit, or “even physical transfer of live goats.” SiaCoin When it comes to having a viable product, Sia is one of Storj’s top competitors. As of the time of writing, it costs $0.28 to store a terabyte of data for a month, with small fees for uploading and downloading data, as well as contract formation. Sia maintains storage through smart contracts. Each file is split into thirty encrypted segments, but can be rebuilt using only ten of these segments. Records in the Sia network are encrypted, in the same manner as those on Storj. Each host then promises to store data for a specific length of time, which can be cryptographically verified without exposing the data. The host is then compensated for every proof they submit, and penalized for missing proofs. Sia has its own blockchain, which supports the smart contracts that are used to send and manage files, as well as making storage proofs to be publicly available and verifiable. Therefore, it needs miners to support its blockchain and rewards them in SiaCoin. FileCoin FileCoin is a project from Protocol Labs, the same company that has successfully deployed IPFS. It’s widely known for launching one of the most successful ICOs, which raised over $200 million in token sales. It also has backing from players such as Kamal Ravikant and Andreessen Horowitz. With Filecoin, users are able to program how long they’d like to offer or provide services. The FileCoin data service does not rely on a single coordinator, but rather a client, storage miner, and retrieval miner. Clients pay to store and retrieve data, storage miners earn tokens b

6 days ago

Malaysia Starts Regulating Cryptocurrencies Today

Malaysia’s finance minister has announced that the order to regulate cryptocurrencies and initial coin offerings as securities has come into force. Crypto service providers and exchanges are required to obtain authorization from the country’s Securities Commission, which will work with the central bank to ensure compliance. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Regulating as Securities Malaysian Finance Minister Lim Guan Eng said on Monday that his country “will regulate initial coin offerings (ICOs) and the trade of cryptocurrencies,” Reuters reported, adding: An order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15, under the regulation of the Securities Commission Malaysia [SC]. The order is known as “the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019.” Cryptocurrencies, ICOs and their related activities must comply with relevant securities laws and be approved by the commission, the minister explained. Following Lim’s statement, the Securities Commission Malaysia confirmed that it “will put in place guidelines to regulate offering and trading of digital assets.” The regulator noted that “the offering of digital assets, as well as its associated activities, will require authorisation from the SC and compliance with relevant securities laws and regulations,” elaborating: The guidelines will among others, establish criteria for determining fit and properness of issuers and exchange operators, disclosure standards and best practices in price discovery, trading rules and client asset protection. Those dealing in digital assets will be required to put in place anti-money laundering and counter-terrorism financing (AML / CFT) rules, cyber security and business continuity measures. Furthermore, the commission stated that it “will enter into coordination arrangements” with the Bank Negara Malaysia, the country’s central bank, in order “to ensure compliance with laws and regulations under the purview of both regulators.” In addition, the regulator revealed that “The relevant regulatory framework is expected to be launched by end-Q1 2019.” Lim was quoted by The Star as saying, “Any person offering an ICO or operating a digital asset exchange without SC’s approval may be punished, on conviction, with imprisonment not exceeding 10 years and fine not exceeding RM10mil [~$2.44 million].” Malaysian Finance Minister Lim Guan Eng Ministry of Finance Sees Potential The finance ministry “views digital assets, as well as ... underlying blockchain technologies, as having the potential to bring about innovation in both old and new industries,” Lim further described, elaborating: In particular, we believe digital assets have a role to play as an alternative fundraising avenue for entrepreneurs and new businesses, and an alternate asset class for investors. Meanwhile, Bank Negara Malaysia has repeatedly said that cryptocurrencies are not legal tender in its country. The central bank has advised the public to carefully evaluate the risks associated in dealing with them. Bank Negara Malaysia has published a list of companies that have declared themselves as cryptocurrency exchanges or service providers, but emphasized that it has neither licensed nor authorized these businesses. Among companies on the list are Belfrics Malaysia, Bit Malay, Bitpoint Malaysia, Bit Trade Enterprise, Bong Technology, Bxm, Luno Malaysia, Openbit, Udax International, Upbit Malaysia, and Xbit Asia. What do you think of Malaysia starting to regulate cryptocurrencies and ICOs? Let us know in the comments section below. Images courtesy of Shutterstock, the Malaysian government, and Reuters. Need to calculate your bitcoin holdings? Check our tools section. The post Malaysia Starts Regulating Cryptocurrencies Today appeared first on Bitcoin News.

6 days ago

Malaysia’s Securities Watchdog Imposes Severe Legislation on Cryptos and ICOs Today

CoinSpeaker Malaysia’s Securities Watchdog Imposes Severe Legislation on Cryptos and ICOs Today Malaysia joins major economies across the globe who are working on regulatory measures for the crypto market. Starting today, January 15, Malaysia’s regulatory watchdog - Securities Commission (SC) - will bring into effect the Capital Markets and Services Order 2019. According to the notice released on Monday, Malaysia’s Securities Watchdog will have complete power to regulate cryptocurrency exchanges and other digital asset offerings. The notice reads: “With the coming into force of the Prescription Order, the offering of digital assets, as well as its associated activities, will require authorization from the SC and compliance with relevant securities laws and regulations. “ The latest introduction of regulatory measures is a step in bringing clean practices and best practices “in price discovery, trading rules and client asset protection”. Furthermore, businesses dealing in crypto assets will have to ensure cybersecurity, anti-money laundering and counter-terrorism financing (AML / CFT) rules. Unauthorized Practices Can Draw Huge Penalties Malaysia’s Minister of Finance, Lim Guan Eng, made it clear that any person indulging in launching unauthorized ICOs and other activities shall be subjected to stringent punishments. These punishments could draw fines around $2.4 million (RM 10 million) or even a 10-year jail term. In the official statement, the Finance Minister said: “The Ministry of Finance (MOF) views digital assets, as well as its underlying blockchain technologies, as having the potential to bring about innovation in both old and new industries. In particular, we believe digital assets have a role to play as an alternative fundraising avenue for entrepreneurs and new businesses, and an alternate asset class for investors.” The Finance Minister also said that the Commission is due to launch a framework by the end of Q1 this year. It will also establish “the relevant regulatory requirements for the issuance of ICOs and the trading of digital assets at digital asset exchanges in Malaysia”. Over the last two months, the Malaysian financial regulators have been working with its central bank for establishing regulations to governing the cryptocurrency market. After the long-going uncertainty over the legality of crypto assets, it looks like the Malaysian authorities have finally arrived with a structured approach to deal with the digital currency market. Asian Countries Taking Firm Regulatory Measures on ICOs Alike Malaysia, other Asian countries like the Singapore and South Korea have issued new guidelines for regulating the ICO market. Last month in December 2018, the crypto-friendly country nation Singapore updated its ICO guidelines. Under its new rules, cryptocurrency businesses need to abide by strict anti-money laundering and counter-terror-financing rules. Singapore mandates that all participants involved in “must be approved by MAS as an approved exchange or recognized by MAS as a market operator under the SFA”. Similarly, South Korean lawmakers proposed to legalize ICOs last year. Min Byung-doo, a Democratic Party lawmaker said: We are looking at ways to open up the road to ICO[s] while strictly prohibiting negative factors such as fraud, speculation and money laundering.” Malaysia’s Securities Watchdog Imposes Severe Legislation on Cryptos and ICOs Today

6 days ago

Malaysia’s Finance Minister Says New Law On Digital Currencies Shall Take Effect Tomorrow

Earlier today, Lim Guan Eng, Malaysia's finance minister, said the Capital Markets and Services Order 2019 would become effective starting tomorrow. He added that the framework would be in place by the end of Q1 this year. This ruling will prescribe digital currencies and digital tokens as securities allowing the Securities Commission (SC) to regulate them. According to Lim, the SC must approve cryptocurrencies and their related activities before they are functional. He further cited that the ministry of finance (MOF) regards cryptocurrencies and the blockchain as technologies that have the potential to revolutionize both new and traditional industries. (KE)

7 days ago

Ethereum (ETH) Core Developers Propose an ASIC Resistant Upgrade

The Ethereum (ETH) Core Developers had a meeting on the 4th of January that discussed several developments on the network such as the upcoming Constantinople and Istanbul hard forks. Another EIP (Ethereum Improvement Proposal) that was discussed, was one meant to update the current hashing algorithm to reduce the incentive to mine Ethereum using ASICs (Application Specific Integrated Circuits). Known simply as ‘ProgPoW’, the proposal is for an alternate proof-of-work algorithm that closes the efficiency gap available to specialized ASICs when compared to GPUs. One of the core developers, Hudson Jameson, believes that ProgPoW will be implemented unless there are any major problems found when testing it on the testnet. The proposal presents an algorithm that is tuned for commodity GPUs and reduces the advantages specialized ASICs have in mining on the Ethereum network. Chip Manufacturers Racing to Create Efficient ASICs to Mine Etheruem Motivation for the EIP to reduce the competitive advantage ASICs have over GPUs comes after it was observed that chip manufacturers such as Bitmain and Canann Creative, are constantly refining their ASICs to mine ETH more efficiently. Those supporting ProgPoW believe that implementing it will slow down this race to create the most efficient ASIC as well ass providing more even distribution of blocks for miners using GPUs. The proposal will also increase security on the ETH network as it moves to a Proof of Stake algorithm. ProgPoW contributor, Mr. Else, explained to The Block how the EIP plans on reducing this advantage. ETHhash ASICs on market can be about 2x better... the ones on the market right now that use DDR4 are [marginally better].. the DDR6 base ETHhash set to launch will be ~2x better than any [chips] existing...but ProgPoW takes that 2x down to 1.1x - 1.2x. No Exact Timeline The January 4th meeting ended without a clear timeline set in implementing ProgPoW on the network. Also to note is that upgrading the network to ProgPoW is not backward compatible. It will require a fork adoption. Siacoin’s (SC) Similar Fork to Lock out ASICs This move by the Etheruem community is not unique. Siacoin (SC) hard forked on the 31st of October last year to block Bitmain’s ASIC miners. This was after Bitmain released an ASIC miner to compete with those manufactured by Siacoin’s parent company of Nebulous. The move by Bitmain blind sided Nebulous leading the SC Community to decide to lock out Bitmain’s ASICs from the network. What are your thoughts on the Ethereum core developers proposing an upgrade to reduce the advantage held by ASIC miners? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional 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 Ethereum (ETH) Core Developers Propose an ASIC Resistant Upgrade appeared first on Ethereum World News.

13 days ago

Malaysia’s Central Bank Reaffirms its Stance Against Cryptocurrencies

Bank Negara, the central bank of Malaysia, has reiterated its stance against cryptoassets - as it has again made it clear that these are not considered legal tender in the country. Central Bank Says Cryptos Are Too Risky Moreover, Malaysia’s reserve financial institution has issued a warning to the nation’s investors regarding the potential scams (or fraudulent schemes) associated with cryptocurrency related firms. Other risk factors identified by the bank were the highly speculative and volatile nature of digital assets. This is something that other nation’s regulators have also said, while recommending such investments for those who have the financial resources to absorb huge potential losses from trading or investing in this new asset class. Working With Securities Commission To Draft Regulations As reported by the Star Online, Bank Negara will be working closely with the Malaysian Securities Commission to formulate a regulatory framework for digital assets. The new guidelines will aim to ensure that local businesses are complying with appropriate laws and regulations - including standard know-your-customer (KYC) and anti-money laundering (AML) checks. The reserve bank and the SC issued a joint statement noting: “SC will regulate issuances of digital assets via initial coin offerings (ICO) and the trading of digital assets at digital asset exchanges in Malaysia. Regulations are currently being put in place to bring digital assets within the remit of securities laws to promote fair and orderly trading and ensure investor protection” More Progressive Regulations In Nearby Countries Interestingly, nearby jurisdictions such as Thailand appear to have adopted a more progressive approach towards regulating cryptocurrencies. In fact, the Thai Securities and Exchange Commission (SEC) legalized seven major cryptoassets for initial coin offerings (ICOs) in June 2018. They include bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), stellar (XLM), and XRP. Banks in Thailand may also start their own crypto-related business and one of the few requirements for this is to conduct such operations by establishing a subsidiary. Digital asset exchanges may also provide services to Thailand’s residents - after satisfying appropriate regulatory requirements. Varied Responses To Cryptocurrencies Other countries in Asia such as China, Indonesia, the Philippines, Singapore, South Korea, and North Korea have had varied responses/approaches to digital currencies and their underlying blockchain technology. Recently, South Korea’s regulatory authorities announced that they will begin to tax ICO projects. The country’s finance minister nominee, Hong Nam-ki, said that a working group “consisting of experts from relevant government agencies including the National Tax Service and the private sector” will be established - in order to study crypto taxation systems adopted or proposed in other nations. Presumably, the end goal of this effort will be to develop an effective system that will allow the South Korean government to tax cryptocurrency related companies. However, filing taxes and holding people accountable to pay taxes on their crypto earnings is currently quite challenging - which is something we may discuss here on CryptoCoreMedia in a future post. The post Malaysia’s Central Bank Reaffirms its Stance Against Cryptocurrencies appeared first on Crypto Core Media.

a month ago

Crypto Trading App Abra Lists EOS and Siacoin

In a medium post, crypto wallet and trading platform Abra has announced the support of EOS and Siacoin on their platform. Per the announcement, the addition of these two altcoins brings the total coins supported on the platform to thirty. These coins can be traded across fifty fiat currencies. The listing of these coins follows the launch of Bitwise 10 Crypto Index (BIT10). BIT10 gives users access to 85% of the whole crypto market in a single investment vehicle by tracking top coins such as XRP, ETH, and Bitcoin among others. (KE)

a month ago

Malaysian Regulators Clarify Stance On ICOs And Crypto Trading

The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) have issued a joint statement on ICOs and Crypto regulations. The SC has been chosen to come up with regulations for both issuing ICOs and trading of digital assets at digital asset exchanges in Malaysia. The upcoming crypto regulations will be based on existing securities laws to ensure investor protection. Also, ICO projects will be obligated to follow the Guidelines on Prevention of Money Laundering and Terrorism Financing. (VS)

a month ago

Nagezeni to raffle off Lamborghini in contest starting from December 3, 2018

The Japanese Nagezeni project is thrilled to announce a tremendous New Year trading contest in partnership with CoinSuper exchange. Users will get a unique chance to win Lamborghini Huracan Coupe, premium watches and 160.5 ETH in total. The contest will last for 14 days, from December 3 at 11:00 [GMT+8] to December 17 at 23:59 [GMT+8]. To take part in the competition, people should trade NZE tokens on CoinSuper during the campaign. Any user who has bought more NZE coins than sell the tokens, will automatically become a participant. The contest is conducted by Nagezeni and CoinSuper, one of the largest exchange platforms in Asia. It is dealing with 72 pairs of cryptocurrencies and included in the top 25 exchanges internationally. More than one million customers use the CoinSuper’s services. Nagezeni is a blockchain-driven solution that allows people to donate and support their favorite bloggers and online content creators in cryptocurrency. The company has successfully completed the token sale and is listed on CoinSuper. NZE tokens are currently traded in two pairs - NZE/BTC and NZE/ETH. To celebrate listing on the exchange, Nagezeni together with CoinSuper carries out this large-scale contest and raffles off Lamborghini, premium watches and other presents among traders. In total, more than 1000 people will become winners. The following prizes will be distributed to the traders: Rank 1: Lamborghini Huracán Rank 2: Audemars Piguet Royal Oak Offshore Chronograph 42mm Stainless Steel Aftermarket Diamond +15 ETH Rank 3: Harry Winston Ocean Dual Time Black Edition Zalium OCEATZ44ZZ007 +10 ETH Rank 4: Franck Muller Vanguard Stainless Steel Aftermarket Full Diamond V45 SC DT +5 ETH Rank 5: Rolex Submarine Ref.116610LN Black Bezel Stainless Steel Double name with Schlumberg +3 ETH Rank 6 to 10 - 2 ETH [10 ETH] Rank 11 to 25 - 1 ETH [15 ETH] Rank 26 to 50 - 0.5 ETH [12.5 ETH] Rank 51 to 100 - 0.3 ETH [15 ETH] Rank 101 to 200 - 0.2 ETH [20 ETH] Rank 201 to 500 - 0.1 ETH [30 ETH] Rank 501 to 1000 - 0.05 ETH [25 ETH] The more NZE tokens users will trade, the better prizes they will get. According to the campaign rules, only transactions carried out during the campaign will be counted. The organizers will make every effort to make the contest as much transparent and fair as possible. The volume of market-makers and contra-trades as well as the volume of zero-fee accounts will not be taken into consideration. The winners will be announced one working day after the competition. Rewards will be distributed within 7 working days after the contest. Note that top 25 winners must complete the KYC process within 7 days after the winner announcement. “The motto of our contest is “Your challenge. Your Lambo”. We’ve met our challenge and reached a huge milestone on our roadmap. Now it’s your turn to answer your challenge. Don’t miss your chance to win a luxurious car, start trading right now, and get your Lambo!” the Nagezeni team calls crypto community for action. To learn more about the contest and conditions of participation, visit the official websites of Nagezeni and CoinSuper, follow Nagezeni project on Twitter and Facebook, as well as ask any questions on Telegram. About Nagezeni Founded in 2016, Nagezeni is working on a blockchain-based solution that will allow various bloggers, artists, and other online content creators to receive tipping and donations from their fans in NZE tokens. They will be able to spend the received digital money on advertising and promotion, as well as launch their own crowdfunding campaigns on the Nagezeni platform. Based on enhanced Bitcoin blockchain, these transactions will be quick, secure, cheap, and scalable. To know more about the contest, click here! The post Nagezeni to raffle off Lamborghini in contest starting from December 3, 2018 appeared first on AMBCrypto.

2 months ago

Malaysia Set to Enforce Cryptocurrency Regulations in Q1 2019, Says Finance Minister

Malaysia’s Finance Minister announced that the country would enforce regulations for cryptocurrency exchanges and ICOs in the Q1 2019. Cryptocurrency Regulations to Come in Q1 2019 According to The Star Online, Lim Guan Eng, Malaysia’s Finance Minister, revealed that regulations guiding virtual currency exchanges and initial coin offerings (ICO) would be implemented in the first quarter of 2019. Speaking at the Fintech Conference 2018 organized by the Securities Commission (SC), Guan Eng stated that the regulations are part of the SC’s efforts to expedite other means of fundraising and investment in a new asset. The Finance Minister also said some groups were undoubtedly skeptical of the virtual currency industry. However, it was necessary to lay down regulations for virtual currency exchanges and ICOs and enforce them, to protect investors. Furthermore, Guan Eng stated that Malaysia’s central bank, the Bank Negara Malaysia and the SC formulated the regulatory framework. The Malaysian official further said: Both Bank Negara and the SC, in terms of formulating this framework will be under the auspices of the Finance Ministry. The Finance Ministry will lead the committee comprising of Bank Negara, the SC, and the MOF itself. Guan Eng additionally stated that the introduction of the regulatory framework shows the government’s commitment to providing other sources of funds beyond the traditional method. The government has gone further to introduce the Co-investment Fund (CIF) which works with equity crowdfunding and P2P platforms. The CIF would produce funds worth RM50 mil, to add to funds from private investors. With this, promising MSMEs receive adequate funding for their businesses, who would, in turn, be accountable and transparent with funds. Furthermore, if the CIF would work towards being self-sufficient. With this in place, the government would not need to provide funds in the future, thereby easing its financial load. Asian Countries Release Regulatory Rules for Cryptocurrency Exchanges While some countries in Asia have an adverse stance on cryptocurrency, some others adopt virtual currency because of its inherent potential. However, due to the high level of hacks and security issues plaguing the industry, some countries formulate regulations primarily to combat money laundering and protect investors. Japan is a classic example of a country which embraces the virtual currency industry and has taken steps to regulate it. Following the Coincheck hack of January 2018, the FSA tightened its regulatory noose on cryptocurrency exchanges and made registration stricter, to protect customers. Philippines’ Cagayan Economic Zone Authority (CEZA) drafted regulatory rules for digital currency exchanges. Furthermore, the regulatory body announced it was offering licenses to twenty-five cryptocurrency exchanges. In South Korea, however, a ban on ICos and anonymous cryptocurrency is still in place. However, the country announced it would decide on cryptocurrency ICO legalization or not, in November 2018. India recently stated that it would release the long-awaited regulatory draft on virtual currency in December 2018. Image courtesy of The post Malaysia Set to Enforce Cryptocurrency Regulations in Q1 2019, Says Finance Minister appeared first on Ethereum World News.

2 months ago

Manila Residents Paid ETH for Consensys-Backed Beach Cleanup

Manila residents are being paid in Ether for cleaning up the city’s plastic-ridden beaches in a new crypto for work project in the Philippine capital. Recent research has shown that that five Asian countries — China, Indonesia, the Philippines, Vietnam and Thailand — account for more than 55% of global plastic waste leaking into the ocean. Indonesia, currently participating in a number of blockchain programs, is also a significant contributor to ocean pollution. Manila’s beaches are listed as being some of the most heavily polluted beaches among these nations. Residents now have the chance to do something about this and be rewarded with cryptocurrency in the process. Stirring this social conscience is Ethereum’s co-founder Joe Lubin, who is also CEO of blockchain software giant ConsenSys. He commented, “In Manila, participants will be paid in ETH for spending a few hours cleaning up one of the most heavily polluted beaches in the world. Bounties Network and ConsenSys Impact are proving a new model where people fund causes directly without intermediaries.” Beach cleaning participants will be able to use a decentralized application (Dapp) based on the Ethereum blockchain to receive their rewards in ETH. The project is part of a larger ConsenSys program called ‘Bounties for the Oceans: Philippines Pilot - Sustained, Verifiable Plastic Cleanups’. The initiative states: “Plastic pollution costs the lives of 1 million seabirds and 100,000 marine mammals per year... With Bounties for the Ocean, we are asking people everywhere to submit verifiable proof of their direct plastic cleanup contribution as a way of fostering widespread and long-term behavioral shift. Do not depend on centralized organizations, go out there and do it yourselves.” Manila residents are not the only ones “doing it for themselves”. There are a number of blockchain programs around the world at the moment which are making a significant contribution to fighting pollution. 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. A Norwegian startup has come up with a way of using blockchain to clean beaches via token rewards for recycling. The public, by removing plastic waste to any certified recycling station, is 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. The Philippines project is well placed given the country’s adoption of Bitcoin and Ethereum as legitimate forms of payment by the central bank, with local platform Coins.ph conducting business using partnerships with major commercial banks, remittance outlets, credit card companies, electric grid operators, and convenience stores, Having become the largest platform in Southeast Asia, Coins.ph has over 5 million users. 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 Manila Residents Paid ETH for Consensys-Backed Beach Cleanup appeared first on BitcoinNews.com.

2 months ago

Malaysia Plans to Enact Crypto Regulation in Q1 2019

According to Malaysia's finance minister Lim Guan Eng, the country's Securities Commission (SC) is set to enact crypto regulations in Q1 2019. It is a part of SC's efforts to facilitate alternative fundraising mechanisms. Malaysia began the process of regulating cryptocurrencies in late 2017. Although the regulations are not out yet, it is expected to be positive towards cryptocurrencies. Meanwhile, the country’s central bank, Bank Negara Malaysia is looking to issue a government-backed cryptocurrency. (VS)

2 months ago

Meetup Segurança e Vulnerabilidades Blockchain, novidades

Por: Livecoins Para discutir a temática de vulnerabilidades na rede Ethereum, foi realizado um Meetup sobre Segurança em Blockchain, que foi uma live ao vivo realizada gratuitamente na segunda 26 de novembro de 2018. O especialista em Ethereum, Fábio Hildebrand, explicou que apesar de a maturidade do ecossistema ter aumentado, ataques a smart contracts continuam acontecendo. Ataques recentes à SpankChain, Useless Ethereum Token, e Fomo3d foram mencionados.. De acordo com Fábio, desenvolvedores de SM devem sempre testar a segurança de suas aplicações, escrever as documentações de forma detalhada, e se necessário (para contratos que transacionem altos valores), contratar auditores externos para conferir o código ou ainda abrir um processo de Bug Bounties. Uma dica de Fábio também, é procurar se engajar com a comunidade de desenvolvedores, que em alguns casos fazem uma auditoria de qualidade e de forma grátis nos diversos projetos criados que tenham um impacto positivo para a comunidade. Abrir um canal para receber notificações de ameaças no código para todas as iniciativas é importante, mesmo que apenas um e-mail (básico), pois abrir um Issue no GitHub e tornar a vulnerabilidade pública pode ser prejudicial para projetos, principalmente até que os mesmos sejam resolvidos, podendo ser explorados por atacantes externos atentos. Para melhorar a segurança dos SC, foi criada em 2017 a iniciativa Solidified, que confere a segurança e auditoria dos contratos, sendo Fábio um dos técnicos da iniciativa que trabalha direto do Brasil. Qualquer especialista em segurança blockchain pode ser um auditor e receber recompensas pelo seu trabalho. O processo hoje é executado de forma manual, mas uma Dapp está em desenvolvimento, com previsão de lançamento em 2020. A solução acompanhará a plataforma de bug bounties (já em funcionamento em web.solidified.io) e dum mercado de predição de bugs. A ideia da Solidified, que já está em funcionamento, é criar um mercado de Bug Bounty, garantindo formas mais fáceis de encontrar uma auditoria de contratos inteligentes e com orçamentos justos, ideia semelhante ao projeto OpenZeppelin. A Solidified criou um ambiente na Amazon AWS para desenvolvedores interessados em auditar códigos como treino, que é um projeto educacional no estilo capture the flag. Outro palestrante do Meetup sobre segurança foi o Everton Melo, que detectou um Bug na OmiseGo e outro na PIVX, e recebeu os créditos por seu trabalho de ambas as equipes. Everton, que palestrou também na Roadsec 2018 em São Paulo com a palestra “Como hackear uma blockchain“, falou também sobre a proposta da ISO / TC 307, que é uma proposta para padronizar aplicações blockchain e DLTs. Um outro ponto de sua fala é a analise do Github do Bitcoin Core, Bitcoin Cash e Bitcoin Gold, que de acordo com o analista possuem muitas diferenças, destacando que o Core possui inúmeras vantagens no ambiente open, além de controle de versão superior a seus forks. Fonte: https://docs.google.com/presentation/d/10TR3It78M1AGvhNBUbbNAyoj08atzXAurbEaoWabspE/edit#slide=id.g468f7d3cc2_0_2 De acordo com Everton, as tecnologias devem ser sempre analisadas por seu GitHub, visto que o ponto forte das criptomoedas é o seu código fonte aberto, e que quando detectadas falhas nos projetos, as comunidades devem aceitar e buscar corrigir os problemas sem ataques ao desenvolvedor auditor. O palestrante citou o problema com uma comunidade ao indagar as bases da cripto, que além de não ter acatado as suas críticas, atacou pessoalmente o desenvolvedor. De acordo com Everton, o Bitcoin Core possui uma enorme lentidão ao confirmar falhas devido a complexidade do projeto, e quando detectadas devem ser apontadas pelo auditor a versão do código do qual foram detectadas falhas, para facilitar o trabalho de correção das mesmas e dar mais credibilidade ao seu trabalho. Além disso, destacou o problema do OverFlow presente no código do Bitcoin, que inclusive foi destaque em um Twitter de Jimmy Song recentemente. Para finalizar, Everton destacou que dentre os inúmeros projetos que existem no cenário atual, o que ele mais acredita no longo prazo seria o que une o Ethereum com a Zcash, chamado projeto Alchemy. Em um mercado com inúmeras criptomoedas, existem várias com boas ideias, mas com execuções que não são boas, logo ficar atento ao investir em projetos é importante, destaca Melo. Para quem possui o interesse em aprender a linguagem de programação Solidity há várias opções na web gratuitas, e tende a ser uma das linguagens mais utilizadas por desenvolvedores de blockchain nos próximos anos. Estudar segurança da informação também é muito importante, a fim de evitar problemas com Dapps e Smart Contracts, pois como a Blockchain é imutável, após finalizar a programação e colocar os mesmos na rede fica difícil a correção de bugs no ambiente. Para Fábio, o ataque em contratos na TestNet é difícil, mas no ambiente da MainNet e principalmente que envolve valores, os atacantes podem ter mais ince

2 months ago

RSK Merges With New RIF Labs, Opens Potential for Increased Interoperability

Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond.The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar and Chief Scientist Sergio Demian Lerner, who will both assume the same roles at RIF. “The RIF Labs founders also comprised renowned professionals with decades of experience in the financial and legal realms such as Alex Aberg Cobo (RIF’s CFO), Malcom Pale and Joey Garcia (Advisors),” according to Gutierrez-Zaldivar.Like the entity that came before it, RIF develops blockchain infrastructure with a bent toward smart contracts, and the merger will accompany RIF OS’s integration into RSK’s services.But this merger is more than a mere acquisition. With it, RSK is opening the doors of smart contract interoperability, as RIF OS’s framework could allow for RSK to interoperate with other smart contract platforms in the future.Enter InteroperabilityWhen asked what RIF OS implements into RSK what it can’t do already, Gutierrez-Zaldivar told Bitcoin Magazine that RIF, which he described as an “upper layer” to the RSK network, will leverage RSK’s smart contracts to execute certain P2P services. The beauty of RIF, though, is that these services have the potential to transcend the Bitcoin and Ethereum blockchains, which RSK’s smart contracts currently support, to other platforms as well.“While RSK technology is focused on creating an Open Blockchain for Smart Contract execution secured by the Bitcoin Network, RIF OS is focused on building P2P infrastructure services (data storage, payment channels, interactive name resolution, secure communications, oracling services) that rely on RSK Smart Contracts to enforce service level agreements in case of failure to fulfill them but that otherwise run purely in a P2P fashion. “[These] P2P infrastructure services might in the future be extended to other Smart Contract enabled platforms. The strong synergies between both projects on this point is why RIF Labs management decided to acquire RSK Labs,” he said.Taken in tandem with RSK’s infrastructure, RIF OS’s integration into RSK will help to build a technical bridge between the sidechain and other blockchains. Gutierrez-Zaldivar believes these tangible improvements will also address some of the industry’s more metaphorical divides.“There’s a gap between blockchain and decentralized technology and developers. And also there’s a problem in terms of scalability and transaction costs in general. Basically, this new project bridges these gaps,” he told Bitcoin Magazine.RIF, RIF OS’s eponymous token, is the the first step toward building this bridge.The token is compatible with ERC20, the most popular standard for building smart contract tokens on Ethereum. Users can access the token in the same way they access smartBitcoins (RBTC), the native token of RSK’s sidechain. Except, instead of pegging in and out of bitcoin to create or redeem RIF, RBTC will be used to mint RIF, and the team anticipates that secondary trading markets will be established for the token, as well.For the immediate present, RIF will be used to fuel the upper layer of applications that RIF OS is bestowing upon RSK.“Out of the gate,” Gutierrez-Zaldivar said, “only the directory services will be working,” the so-called Root Name Service, which is the first implementation of the RIF OS protocol. However, RSK is building a suite of off-chain services on the upper layer, including an off-chain payment channel, a decentralized data storage marketplace (not unlike Siacoin or IPFS/Filecoin), an oracle marketplace and alias addresses for anonymous transactions.All of these features will be available directly on RSK, Gutierrez-Zaldivar indicated, though he noted that “in the future, [users] might move [their] RIF into Ethereum as well.” But RSK won’t settle for solely bidirectional functionality between Bitcoin and Ethereum. Claiming that RIF is a “portable token,” Gutierrez-Zaldivar continued to say that RSK’s long-term goal is to give its users the ability “to consume these decentralized services from any smart contract enabled blockchain,” be it Ethereum, EOS, Cardano or others.He also stressed that extending RSK’s capabilities to other platforms won’t endanger the project’s loyalty to its baselayer in Bitcoin. RBTC, which has a 1:1 parity with bitcoin and powers the RSK sidechain, will still be used for transactions, and RSK’s native smart contracts will still operate on the sidechain.“Doesn’t change how RBTC work. For us, that’s very important that RSK stays fully aligned with the Bitcoin ecosystem. It’s just bringing more usage to the network, because now you have a marketplace for decentralized infrastructure running on RSK, and consuming RBTC for transactions. So smart contracts will still be run with RBTC. It’s the upper-

2 months ago

RSK Merges With New RIF OS, Opens Potential for Increased Interoperability

Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond.The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar and Chief Scientist Sergio Demian Lerner, who will both assume the same roles at RIF. “The RIF Labs founders also comprised renowned professionals with decades of experience in the financial and legal realms such as Alex Aberg Cobo (RIF’s CFO), Malcom Pale and Joey Garcia (Advisors),” according to Gutierrez-Zaldivar.Like the entity that came before it, RIF develops blockchain infrastructure with a bent toward smart contracts, and the merger will accompany RIF OS’s integration into RSK’s services.But this merger is more than a mere acquisition. With it, RSK is opening the doors of smart contract interoperability, as RIF OS’s framework could allow for RSK to interoperate with other smart contract platforms in the future.Enter InteroperabilityWhen asked what RIF OS implements into RSK what it can’t do already, Gutierrez-Zaldivar told Bitcoin Magazine that RIF, which he described as an “upper layer” to the RSK network, will leverage RSK’s smart contracts to execute certain P2P services. The beauty of RIF, though, is that these services have the potential to transcend the Bitcoin and Ethereum blockchains, which RSK’s smart contracts currently support, to other platforms as well.“While RSK technology is focused on creating an Open Blockchain for Smart Contract execution secured by the Bitcoin Network, RIF OS is focused on building P2P infrastructure services (data storage, payment channels, interactive name resolution, secure communications, oracling services) that rely on RSK Smart Contracts to enforce service level agreements in case of failure to fulfill them but that otherwise run purely in a P2P fashion. “[These] P2P infrastructure services might in the future be extended to other Smart Contract enabled platforms. The strong synergies between both projects on this point is why RIF Labs management decided to acquire RSK Labs,” he said.Taken in tandem with RSK’s infrastructure, RIF OS’s integration into RSK will help to build a technical bridge between the sidechain and other blockchains. Gutierrez-Zaldivar believes these tangible improvements will also address some of the industry’s more metaphorical divides.“There’s a gap between blockchain and decentralized technology and developers. And also there’s a problem in terms of scalability and transaction costs in general. Basically, this new project bridges these gaps,” he told Bitcoin Magazine.RIF, RIF OS’s eponymous token, is the the first step toward building this bridge.The token is compatible with ERC20, the most popular standard for building smart contract tokens on Ethereum. Users can access the token in the same way they access smartBitcoins (RBTC), the native token of RSK’s sidechain. Except, instead of pegging in and out of bitcoin to create or redeem RIF, RBTC will be used to mint RIF, and the team anticipates that secondary trading markets will be established for the token, as well.For the immediate present, RIF will be used to fuel the upper layer of applications that RIF OS is bestowing upon RSK.“Out of the gate,” Gutierrez-Zaldivar said, “only the directory services will be working,” the so-called Root Name Service, which is the first implementation of the RIF OS protocol. However, RSK is building a suite of off-chain services on the upper layer, including an off-chain payment channel, a decentralized data storage marketplace (not unlike Siacoin or IPFS/Filecoin), an oracle marketplace and alias addresses for anonymous transactions.All of these features will be available directly on RSK, Gutierrez-Zaldivar indicated, though he noted that “in the future, [users] might move [their] RIF into Ethereum as well.” But RSK won’t settle for solely bidirectional functionality between Bitcoin and Ethereum. Claiming that RIF is a “portable token,” Gutierrez-Zaldivar continued to say that RSK’s long-term goal is to give its users the ability “to consume these decentralized services from any smart contract enabled blockchain,” be it Ethereum, EOS, Cardano or others.He also stressed that extending RSK’s capabilities to other platforms won’t endanger the project’s loyalty to its baselayer in Bitcoin. RBTC, which has a 1:1 parity with bitcoin and powers the RSK sidechain, will still be used for transactions, and RSK’s native smart contracts will still operate on the sidechain.“Doesn’t change how RBTC work. For us, that’s very important that RSK stays fully aligned with the Bitcoin ecosystem. It’s just bringing more usage to the network, because now you have a marketplace for decentralized infrastructure running on RSK, and consuming RBTC for transactions. So smart contracts will still be run with RBTC. It’s the upper-

2 months ago

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

3 months 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

3 months 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)

3 months 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 […]

3 months 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.

3 months 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)

3 months 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)

3 months 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.

3 months 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

3 months 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.

3 months 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)

3 months 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)

3 months 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.

3 months 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)

3 months 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

3 months 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,

3 months 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.

3 months 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)

3 months 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.

3 months 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.

3 months 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)

3 months 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...

3 months 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.

3 months 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

3 months 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....

4 months 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....

4 months 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...

4 months 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....

4 months 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)

4 months 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....

4 months 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....

4 months ago


News courtesy of berminal.com
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