Skycoin SKY

$0.9623
Market Cap $ 12.287 MM (#200)
24h Volume $ 552.450 K
Chg. 24h: 0.39%
Algo. score 4.2/5  (#23)
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Skycoin News

MiningSky.io - A Canadian Based Cloud Mining Platform

It’s been awhile since we talked about cloud mining, mostly due to the horrendous bear market. Over the past few months more and more people believe that it’s no longer profitable to mine Bitcoin or other cryptocurrencies. However, what if that assumption is wrong? Today we will be going over MiningSky - a Canadian based cloud mining company which is an official partner of Cryptocompare and ADVFN. MiningSky.io claims to be one of the cheapest and most profitable cloud mining companies in the space. It’s one of the few companies in the world to offer a whole infrastructure of products and services in mining. It claims to be a legitimate company, with mining operations in Canada that is open to the average joe. The MiningSky.io cloud mining platform is now providing an interesting deal, they are offering 2% of the world’s bitcoin hash rate. The platform allows you to mine both Bitcoin and Ethereum at competitive prices. It boasts over 400,000 active users and has active support 18 hours a day. There are two contracts available as of right now: A SHA-256 contract for $0.2 per 10Gh/s, and a ETHHASH contract for $0.6 per 100KH/s. Both contracts come with a 2 year minimum. There is also a profit calculator on the site, but keep in mind that as the difficulty of bitcoin and ethereum changes, so does the profitability of the mining contracts. When it comes to payouts, MiningSky.io provides daily payments, with a minimum withdrawal of 0.002 BTC. The company also gives users the ability to visit their facilities on demand. When it comes to special offers, MiningSky.io is offering an additional discount code 50% OFF for users that buy plans over $50,000 - contact info@miningsky.io for details regarding this. Moreover, specifically for NullTX readers if you use the code “CRYPTOCOMPARE10” you will get a 10% discount on the first mining contract. Company Info The cloud mining industry unfortunately has been exploited quite a few times over the past year. As such, MiningSky is transparent with their company info which you can find below: MINING SKY IO CLOUD MINING LTD. CORPORATION NUMBER: 1119365-1 BUSINESS NUMBER (BN): 715788113RC0001 The post MiningSky.io - A Canadian Based Cloud Mining Platform appeared first on NullTX.

19 hours ago

BHP, NYK, and BLOC Announce Delivery of Sustainable Biofuels That are Blockchain-verified

Earlier today, BHP, a global mining company, NYK, a Japanese shipping company, and Blockchain Labs for Open Collaborations (BLOC), announced the successful delivery of biofuels Frontier Sky in Rotterdam. GoodFuels supplied the advanced biofuel through Varo Energy, while BLOC's blockchain fuels assurance program verified the Carbon Dioxide savings. Per the announcement, this delivery saved 50 tonnes of Carbon Dioxide, and further shipments are set to save more. This news comes at a time that environmental emissions in international shipping continue to gain attention. (KE)

12 days ago

US and Australian Real Estate Markets Still Want Buyers’ Bitcoins

Whether it be in a bull or bear in 2019, there are some markets where cryptocurrencies are thriving; and in both the US and Australia that is very much the Real Estate Market, showing no respect for the downturn in Bitcoin’s value over the past months. Properties are still being sold for cryptocurrency in 2019, a trend which has continued since late 2017 when the price of cryptocurrencies went sky high as Bitcoin almost reached the 20k mark. Whether it be a Colorado beach home or a USD 2.3 million luxury estate with 14 acres in California, or in the same state a 70 BTC property with private beach club and restaurant membership, real estate agents are still happy to recommend to sellers that Bitcoin is OK. Other blocks and parcels of land still available for crypto around the US include a 3 bedroom Key West estate on Saddlebunch key or if it is space a prospective buyer needs, how about a 300 acres block of land in Bouse, Arizona, currently on sale for fiat or digital assets. In the US, the trend for sellers to accept crypto rather than not sell at all is still too much to resist, although current low values in cryptocurrency prices and uncertainty surrounding the future of the market after the 2018 slump may have encouraged some buyers to part with their crypto holdings for bricks and mortar, this hasn’t deterred those accepting crypto for property. Australia is another property market currently attracting Bitcoin buyers. A regional housing report in Queensland recently cited Ray White Real Estate, one of the country’s largest agents, currently selling a luxurious three-bathroom home in Surfers Paradise for AUD 580,000 (USD 420,000) Also a Darwin apartment in the north of the continent is selling for either 126 BTC or AUD 600,00 (UDS 430,000) with the listing exclaiming: “We are happy to accept Bitcoin or any other major cryptocurrency instead of Australian dollars for this property.” Another far less modest property advertised on an Australian website is a mid-century hillside estate, available for a cool AUD 3.3 million. “The seller may consider offers including consideration paid in bitcoin or other forms of cryptocurrency,” the ad informs. 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 and Australian Real Estate Markets Still Want Buyers’ Bitcoins appeared first on BitcoinNews.com.

12 days ago

The US and Australian Real Estate Markets Still Want Buyers’ Bitcoins

Whether it be in a bull or bear in 2019, there are some markets where cryptocurrencies are thriving; and in both the US and Australia that is very much the Real Estate Market, showing no respect for the downturn in Bitcoin’s value over the past months. Properties are still being sold for cryptocurrency in 2019, a trend which has continued since late 2017 when the price of cryptocurrencies went sky high as Bitcoin almost reached the 20k mark. Whether it be a Colorado beach home or a USD 2.3 million luxury estate with 14 acres in California, or in the same state a 70 BTC property with private beach club and restaurant membership, real estate agents are still happy to recommend to sellers that Bitcoin is OK. Other blocks and parcels of land still available for crypto around the US include a 3 bedroom Key West estate on Saddlebunch key or if it is space a prospective buyer needs, how about a 300 acres block of land in Bouse, Arizona, currently on sale for fiat or digital assets. In the US, the trend for sellers to accept crypto rather than not sell at all is still too much to resist, although current low values in cryptocurrency prices and uncertainty surrounding the future of the market after the 2018 slump may have encouraged some buyers to part with their crypto holdings for bricks and mortar, this hasn’t deterred those accepting crypto for property. Australia is another property market currently attracting Bitcoin buyers. A regional housing report in Queensland recently cited Ray White Real Estate, one of the country’s largest agents, currently selling a luxurious three-bathroom home in Surfers Paradise for AUD 580,000 (USD 420,000) Also a Darwin apartment in the north of the continent is selling for either 126 BTC or AUD 600,00 (UDS 430,000) with the listing exclaiming: “We are happy to accept Bitcoin or any other major cryptocurrency instead of Australian dollars for this property.” Another far less modest property advertised on an Australian website is a mid-century hillside estate, available for a cool AUD 3.3 million. “The seller may consider offers including consideration paid in bitcoin or other forms of cryptocurrency,” the ad informs. 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 The US and Australian Real Estate Markets Still Want Buyers’ Bitcoins appeared first on BitcoinNews.com.

13 days ago

"While other coins are slowly disappearing into oblivion, Sk...

"While other coins are slowly disappearing into oblivion, Skycoin continues to gather more and more loyal supporter… https://t.co/Epkr0sta1r

18 days ago

Tom Lee says Bitcoin will Rally to $25,000 Eventually

Fundstrat Global head of research Tom Lee was recently interviewed by Stuart Varney last Friday on the Fox Business Network. When asked whether he regretted issuing sky high Bitcoin price predictions, Lee replied with, “Strangely, I just think that’s a good, fair value for Bitcoin, but the timing of that’s going to be difficult.” After enduring uproarious laughter from members of the Fox Business set, Lee explained that “Bitcoin has had 70 percent pullbacks four times already in its 10-year history, and it has recovered to new all-time highs every time. So to me, it’s resilient.” Lee admitted that Bitcoin inability to recover was a “huge disappointment” and Lee said that he envisioned Bitcoin would survive the cryptocurrency carnage since its fundamentals were much stiffer than many altcoins. (RS)

19 days ago

What Is ChainLink? Introduction to LINK Token

What Is ChainLink? ChainLink is a blockchain project that aims to build bridges between payment services like PayPal and Visa, banks like HSBC and Wells Fargo, and blockchains like Ethereum and Bitcoin. It was created in 2015 and LINK tokens were offered to the public during an ICO in 2017. ChainLink is a blockchain oracle platform that connects to real-world applications and data and an API. ChainLink was initially called SmartContract and aims to bridge the gap between blockchain and legacy systems. On-chain processing includes smart contracts with parameters specified in a Service Level Agreement (SLA). Oracle data is aggregated and verified to prevent tampering, and oracles are rewarded with LINK, ChainLink’s native Ethereum token. ChainLink currently resides on the Ethereum blockchain and supports connectivity to other Ethereum dApps. It will soon support more blockchains, as interoperability is the focus of the entire project. Sergey Nazarov is the founder of ChainLink, and he’s already working with the SWIFT payment network on the SWIFT Smart Oracle. Oracle markets like ChainLink and Augur combine real-world data with blockchain technology to open new possibilities. Some believe it’s the natural evolution of cryptocurrencies and smart contracts. Before examining whether there’s money to be made from being the glue holding everything else together, let’s review LINK, the proprietary Ethereum token for ChainLink’s platform. LINK Token’s Crypto Market Performance The peak price of LINK so far was $1.28, which occurred on January 9, 2018. As of January 22nd, 2019 the circulating supply of LINK is 350,000,000 out of a total supply of 1,000,000,000 LINK. The price of LINK has increased steadily over the last couple of months (Dec 18/Jan 19) and has more than doubled as the rest of the market has continued to drop in value. ChainLink’s ICO crowdsale happened in September 2017, at which time 350 million LINK tokens were distributed, representing 35 percent of the total supply. Another 350 million will be distributed to ChainLink node operators, and the remaining 300 million (30 percent) is withheld by the company for further development. LINK is “mined” by selling off-chain services and data through an API connected to the ChainLink Network to become an oracle node. LINK is traded on a variety of cryptocurrency exchanges, including Binance, Bitthumb, Huobi, CoinBene, Bitrue, Mercatox, and OKEx. Over $10 million worth of LINK is traded on a daily basis, and its trading pairs include BTC, ETH, XRP, and USDT. As it currently exists in beta as an ERC-20 token on the Ethereum blockchain, LINK is supported by any ERC20-compatible wallet, including MyEtherWallet and Nano’s hardware wallets like the Nano S. This may change upon the mainnet launch, as LINK will use a custom token standard blending elements of ERC-20 and ERC-223. Oracles Can Build a Better Blockchain We keep pounding it into the ground, but blockchain interoperability is the key to blockchain’s future success. Some blockchain projects resolve this issue with parent and child chains, while others use sidechains. ChainLink uses oracles, which act as agents to verify real-world data and prepare it to be recorded in a smart contract on the blockchain. The smart contracts initiate this based on specific criteria, such as a payment transfer or price fluctuation. Once the threshold is reached, the block is processed by a mesh network of oracle nodes that reach a group consensus. Oracle reputation is built by processing transactions, and reputation is a factor that can be selected as an SLA. This process of selecting oracles, gathering and presenting data, then verifying it among oracles is the on-chain smart-contract processing that occurs on ChainLink. This means everything from investment market data to bank account balances, product purchases, election results, and more can be recorded to the digital ledger. In fact, anyone with an API can connect it to ChainLink to begin earning LINK based on usage of this data. Because it’s designed to run off API queries based on smart contractual SLAs, the possible use-cases of ChainLink are endless. Of course, we won’t know for sure how well it works until the mainnet launches, which isn’t likely until sometime in 2019. Linking up to ChainLink Being the glue that holds everything together is only useful when there are things to hold together. ChainLink needs enterprise buy-in for its network to be successful. As mentioned at the beginning of this article, its biggest partner so far is the Society for Worldwide Interbank Financial Telecommunication, or SWIFT. The SWIFT network is used by retailers to verify account balances for retail card transactions. When you swipe your card to buy something and it’s approved or denied, the SWIFT network is what transmitted that data. ChainLink isn’t SWIFT’s only blockchain partner, but the announcement does give hope to the project when its mainnet finally launches. Visa,

25 days ago

TRON Entertain AI Project in DApp, Collaborates with DACC Content Blockchain platform

With new partnership announcement, TRON, the hottest cryptocurrency is on bulletin again. The latest tweet from DACC platform (a content-based blockchain) revealed the partnership between DACC and TRON in DApp Ecosystem to launch new AI project onto TRON’s dAPP ecosystem. TRON With DACC - Encouraging AI dAPP Justin Sun’s TRON or TRX which stands as the ninth largest cryptocurrency with an average market cap $1,597,888,795 is breaking the new records quite often. In a partnership announcement, DACC blockchain platform calls TRON protocol as the ‘largest blockchain-based operating system in the world’. Cheer the cooperation between #DACC and #TRON in DApp Ecosystem! DACC has successfully launched its artificial intelligence project “HashAI” onto #TRON. Tron protocol is one of the largest blockchain-based operating system in the world! @Sky201805 @Tronfoundation @justinsuntron pic.twitter.com/fh0PjOw5zK — DACC (@DACCblockchain) January 21, 2019 The partnership intends to launch DACC’s AI project called ‘HashAI’ onto TRON’s dApp Ecosystem. The DACC’s co-working with TRON Foundation seems a big hit for the platform. Sky, the founder of the DACC Foundation states that HashAI will be the first dAPP to work with TRON in 2019. Thanks for @justinsuntron & @Tronfoundation. HashAI will be the first dapp co-worked with Tron in 2019. Also we will announce this in our Korean meetup. DACC and Tron will announce more dapps cooperation in the near future. https://t.co/447mU6wJxu — Sky (@Sky201805) January 21, 2019 TRX payment through artificial intelligence HashAI is a dApp developed by DACC based on Artificial intelligence. It helps users in two ways; as money transfer and the smart contract calls in blockchain via voice queries. The firm believes ‘TRX has been receiving a lot more attention from the chain industries and cafes’ as such they expect to add TRX as a payment mode for transactions. DACC’s official blog notes that ‘HashAI is an attempt to enhance TRX payment via artificial intelligence’. The blog further reads; At the same time, DACC will also help promote “HashAI” by tapping into its own global community that has 1,000,000+ members, as well as through 499 Block, DACC’s subordinate community media. You can find HashAI in TRON’s official dAPP library here - https://tron.app/details/156 Beside TRON, the HashAI is also connected to Slack, Google Assistant and Google Home. DACC’s founder, Sky sees ‘a long term development on working with TRON platform. He says that ‘TRON is leading the innovation’,henceforth the growth of HashAI by DACC is absolute with this collaboration. Although, Justin Sun didn’t have a word on the social network on this partnership, but the DACC’s official blog added Justin Sun’s view on the partnership as follows; Now that TRON and DACC have reached a consensus, I believe that the launch of the AI project “HashAI” is indeed an action that conforms to the times. Also, TRON has always been aware of DACC’s efforts and contributions in the application development and the global community development. I hope that both parties can jointly develop “HashAI” in order to better serve the community members.” What do you think about DACC’s partnership with TRON? Let us know. The post TRON Entertain AI Project in DApp, Collaborates with DACC Content Blockchain platform appeared first on Coingape.

a month ago

Leading Global Exchange OkCoin Lists Tron (TRX) on its Platform

Tron has been on the news lately because of its many recent developments. Today marks another milestone as its token TRX got listed on OkCoin. The listing was announced on OkCoin Twitter page today. The announcement states that trading of the TRX token will be available as from 17 January but verified OkCoin users can start making deposits from today. Trading pairs that will be available include TRX/USD, TRX/BTC, and TRX/ETH. Tron has been very popular due to its remarkable ability to build and deploy smart contracts in addition to dapps. Tron’s collaboration with several partners has made it stronger by the day and it has become one of the top gainers in any bull market since last year. Currently, Tron has a system that is capable of processing 2000 transactions per second and its coverage continues to grow as more smart contracts and dapps are built on the platform. As at the end of 2018, Tron had over 100 dapps and 90 smart contracts already deployed. In 2019, Tron has a number of achievements under its belt too. Just today, it’s CEO Justin Sun announced that ABCC added support for TRX ERC10 token. This is quite another milestone as it is the first time the ERC10 token is getting listed on an exchange. Tron has achieved a lot throughout the year 2018 and has started the new year with another wave of achievements which are likely to take it to a higher place in the year. With these listings and its growing developer team, the sky will only be the starting point for Tron. The CEO Sun has expressed optimism that with its forthcoming nITRON Summit and it accelerator program which turned out to be controversial, the company is bound to outcompete Ethereum in all aspects which the two networks share. The upcoming summit is expected to create awareness for Tron and also be an opportunity for developers to join the company to help in building dapps which it direly wants to do. After the summit, the crypto community can expect to see a change in a positive direction for Tron both on and off the market. At the time of writing this article, Tron is one of the lowest losers among the top ten cryptocurrencies (-0.14) following the short bout of recovery from the sudden crash that came just a few days ago. This suggests the token is ahead even in the reds and will pick up fast whenever another recovery starts. It is not surprising seeing the achievements of the young but vibrant platform. The post Leading Global Exchange OkCoin Lists Tron (TRX) on its Platform appeared first on ZyCrypto.

a month ago

Congratulations to our #Wish2Binance winner @FarahaAhmed1! Y...

Congratulations to our #Wish2Binance winner @FarahaAhmed1! You will be going sky diving in a suit with all of the t… https://t.co/k0T0xzrAqN

a month ago

#Skyfleet, the Skycoin Hardware Store has officially launche...

#Skyfleet, the Skycoin Hardware Store has officially launched! You now have direct access to #Skycoin #hardware (in… https://t.co/6mNYCQ6qUi

a month ago

Crypto Will Surge in 2019 as People Better Understand Underlying Tech

Cryptocurrencies will surge moving forward according to Etoro managing director and cryptocurrency expert Iqbal Gandham. He is convinced that a greater understanding of cryptocurrency’s underlying technology will create a rally in Bitcoin and other digital currencies this year. Speaking on Sky News, Gandham still feels that “Bitcoin is the so-called ‘daddy’ of the crypto-asset market”, adding, “It is just as other companies are dragged down by stocks performing in the FTSE 100, whether they are positive or negative, people look at Bitcoin as a bit of an index“. Gandham suggested that the 2018 80% decline in the value of Bitcoin from USD 20,000 to USD 4,000 is insignificant movement and belies the fact that development in the industry is surging. He said: “If you have a look at the amount of developers and the development happening in the underlying blockchain technology and also Bitcoin, it is increasing. It hasn’t declined... if people understand the technology rather than just view the price point - they will understand that this is not something that is just going to go away.” Misha Libman, co-founder of blockchain art laboratory Snark.art, said any attempts to predict the value of Bitcoin was futile and basically a waste of time commenting: “Every morning I wake up reading about the rise and decline of crypto and I am fascinated by the incredibly technical and visually sophisticated graphs predicting its future that borderline an art project.” Libman’s view is that blockchain and cryptocurrency are the future, but there will be forces beyond Bitcoin that create its fluctuation price volatility; factors that have no real connection with cryptocurrencies place in the future of financial markets. He argues: “Ultimately we are dealing with a new technology and new asset that is highly speculative, illiquid, and elusive, and drivers for its rise and fall is anyone’s guess and can be attributed by the media... the rollercoaster volatility that we are seeing today is something we are going to have to live with for a while until we will start using crypto to buy chewing gum.” 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 Crypto Will Surge in 2019 as People Better Understand Underlying Tech appeared first on BitcoinNews.com.

a month ago

Hong Kong Crypto Investors Claim to Have Lost HK$3 Million in ‘Mining Machines’ Scam

A new crypto controversy has surfaced in Hong Kong where investors are claiming to have been duped by a promoter. The investors claim to have invested in Wong Ching-kit’s cryptocurrency mining machines. They now want a full refund from Wong, the flamboyant businessman, who has become caught up in this HK$3 million scandal. However, Wong claims that he has been unfairly targeted. A Money Tossing Stunt? On Sunday, four investors demanded a refund from the 24-year-old Wong for being duped into investing in crypto mining machines. The group of investors is backed by The Democratic Party which said it had received over 20 complaints from people since October 2018 who had invested in Wong’s scheme. The investors are aged 20 to 49, and their losses range from KH$20,000 to HK$1 million. Wong, who is also known as “Coin Young Master” is being linked to the scheme as he put on a huge stunt last month, throwing HK$6,000 from a high-rise in Sham Shui Po. He was arrested on suspicion of disorderly content after the incident but released on bail. He had earlier posted videos online asking users if they “believe money will fall from the sky,” reports the South China Morning Post. Wong’s Crazy Antics The man being accused of the cheating scandal runs a Facebook page and some online groups where he promotes cryptocurrencies. He also says that he co-founded File Cash Coin. The mining equipment investors were sold, was to be used to generate the digital currency “filecoin.” Investors got to know about the business through social media and were promised a profit within three months. The currency in question is not traded anywhere on the market and Wong did not honor refund requests, as stated by the investors. Ms. Chiu, an investor who put HK$120,000 into the scheme, says: “At first, I was told I could get a refund if filecoin could not be launched in time. But when we asked for a refund, he used delaying tactics and made different excuses to turn us down.” Interestingly, the Sham Shui Po democrat councilor who is helping the investors, Ramon Yuen Hoi-man, asked the government to increase measures for regulating crypto. Then a while later he said he received a threatening phone call, which he reported to the police. However, he stated the caller did not mention Wong or anything related to him. Mr. Wong on his Facebook page wrote that he was unfairly targeted. He said: “I sell mining machines only but am treated as if I have killed people. When they make money, there is no thank you. When they lose money, they call it a scam.,” He also said that people don’t share their profits with him when they make money, but when they lose money, they ask for refunds. He also said that business competitors had ran a smear campaign against him. A police insider noted that Wong would have to face an all-round investigation to find out whether he was involved in money laundering, as it was reported he has an 8-figure sum in his bank accounts. Hong Kong Crypto Investors Claim to Have Lost HK$3 Million in ‘Mining Machines’ Scam was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

a month ago

Hong Kong - Bitcoin Billionaire Wong Ching-kit Denies Investor’s Claim of Losing HK$3M

‘When they make money, there is no thank you. When they lose money, they call it a scam‘; this was the latest response by the Bitcoin billionaire and a promoter Wong Ching-kit who sells bitcoin mining machines. He was recently arrested by the police following various complaints by the general public and behaving in riotous conduct in a public place. Wong Denied Investor’s Claim Addressing the investor’s claim of losing HK$3 million, Wong Ching-kit says that he’s not behind anyone’s loss. Consequently, he said that; “When they make money, they won’t share their profits with me. But when they lose money, they ask me for money back.” He continued that, “When they make money, there is no thank you. When they lose money, they call it a scam,” On Sunday there were a number of investors criticizing and complaining that the facebook page of Wong Ching-kit has continuously promoted and thus misled many investors to invest in ‘digital currency’ called ‘filecoin’. This virtual coin is said and expected to reap the profit within three months. But the reports reveal that the so-called ‘filecoin’ isn’t in operation or trading mode yet. Moreover, investors were told about the refund accessibility only if the coin wouldn’t launch in time but the investors are now reporting that ‘promises of refund were never honored’. One of such investors claimed; “At first, I was told I could get a refund if filecoin could not be launched in time, But when we asked for a refund, he used delaying tactics and made different excuses to turn us down.” Catching the Flying Notes in Hong Kong Wong Ching-kit from Hong Kong is often referred to as Mr. Coin. In mid-December, the man shared a post on social media with the caption ‘ Robbing the rich to help the poor’ after an interesting event in Hong Kong. The incident was ‘throwing money from a rooftop’ in the poorest city of Hong Kong. According to reports, Wong Chin-kit was the person behind the incident based on his history of businesses involved in crypto and the post shared on social media. (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = 'https://connect.facebook.net/kn_IN/sdk.js#xfbml=1&version=v3.2'; fjs.parentNode.insertBefore(js, fjs);}(document, 'script', 'facebook-jssdk')); 受日本廣泛報導 幣少爺-新世代礦業 ಅವರಿಂದ ಈ ದಿನದಂದು ಪೋಸ್ಟ್ ಮಾಡಲಾಗಿದೆ ಶುಕ್ರವಾರ, ಡಿಸೆಂಬರ್ 21, 2018 Accordingly, he got arrested by police the next day of the incident wherein the notes were falling from the sky and the public on-street rushed to grab the flying notes. Reports revealed ‘Wong Ching-kit has dropped an estimate of $25000’. And, he himself shared a video on his Facebook page (of which he is the admin) with the caption; “Does anyone of you believe that money can fall from the sky?” As far as the losses by investing in ‘filecoin’ are concerned, Wong says that he only sells the machine and people in business can either earn money or lose money. However, the task force in Hong Kong have received various complaints against Wong, specifically, there were nine men and a woman who reported police on the losses they incurred by investing in Wong’s crypto business. Since nothing justified Wong’s wrongdoing yet, the police said that they’re investigating into Wong and his business activities. Besides all these objections, Wong continued adding that; “If a person thinks he has fallen victim to fraud, he should report it to police.” The post Hong Kong - Bitcoin Billionaire Wong Ching-kit Denies Investor’s Claim of Losing HK$3M appeared first on Coingape.

a month ago

At 10 years old, Bitcoin is a wunderkind who’s fighting for our freedom

On the 3rd of January 2009, Bitcoin was brought into the world to fulfil a prophecy: chaining blocks together in order to unchain the world from the crooked financial system, eliminating the individual and institutional middlemen from economic activities, and establishing a system of consensus and trust that is based on permanent verification. At the time, in the context of a ravaging recession, governments of the world were printing money in order to bailout the banks that caused the entire mess, while critics of fiat money were longing for the days of the Gold Standard. Not everyone raised their eyebrows when they heard about the birth of Bitcoin, but the early adopters were definitely visionaries who decided to nourish the newborn until it reaches its full potential of becoming sound money. From father Satoshi Nakamoto to uncle Hal Finney and beyond, Bitcoin has been constantly educated and moulded by the most brilliant minds of our time. Just like John Stuart Mill has learned ancient Greek by the age of three and read most of Plato‘s works at eight, Bitcoin has taken the best of computer science, game theory, and Austrian economics in order to outgrow its teachers and bring to the world something truly new and innovative: sound and uncensorable money. As more people discovered the virtues and capabilities of Bitcoin, they have become greedy and decided to borrow the DNA in order to clone the prodigy and create something else which serves their interests. Some uncles of Bitcoin wanted it to grow up with bigger blocks, others thought that a few privacy features would serve it better, and there are also folks who thought that our hero’s genes would be able to build a world computer which runs multiple applications in a decentralized way. One way or another they all had their cake, but when they tried to eat it, they noticed that the taste is not as sweet. Bitcoin and the dumb money speculators Bitcoin, just like every prodigious child, was discovered by some wealthy individuals who saw potential in it and wanted to transform it into a market commodity. They picked more convenient names such as BTC and XBT, then proceeded to play their little financial games in order to give their newly-commodified friend a proper market valuation. It’s not that Bitcoin wasn’t thrilled or didn’t see opportunity in this scenario - on the contrary, there are so many advantages that markets can bring, and they range from a greater acknowledgment of merits to more popularity. However, Bitcoin is designed to create a parallel economy outside the world of governments, fiat, and regulated/controlled markets. See, Satoshi Nakamoto has designed Bitcoin as a mean to fight against the crooked practices of unpredictably and arbitrarily inflationary national and international economies. There is no virtue in becoming a political mean that those in government control, and there is no point in creating a slower and more inefficient PayPal which lacks the institutional checks and balances. Bitcoin is meant to set people free, fight against oppression by helping those who are otherwise controlled by their governments, and establish truly free markets where people can act more responsibly and without the oversight of the Big Brother. Clearly, Bitcoin is the lovechild of many of the cypherpunk ideals presented by Timothy C. May in “The Cyphernomicon“. Fundamentally, it’s all about this little concept according to which privacy and freedom are much more important than compliance with laws. A parallel economic system has to be radical, secure in relation to external forces interested to meddle with it, and (for the lack of a better word) disruptive. And if dumb money wants to treat Bitcoin as a speculative investment, then so be it. The fundamentals can only get stronger, as new smart and talented people become interested in helping the hero of our story get ready for a stage which ardent believers describe with the “hyper” prefix. Bitcoin and Satoshi’s Vision At ten years old, Bitcoin has matured and isn’t bound by the vision of one otherwise smart creator. False prophets occasionally emerge and claim to have created Bitcoin, but nobody has the power to completely obliterate a decade of growth and high education. Satoshi Nakamoto was short-sighted in many regards and there are many aspects still to be improved in the original design. As long as the vision of creating a truly decentralized and censorship-resistant parallel financial system is retained, the sky is the limit in terms of improvements. In the early days, Bitcoin was stuck in the middle of arguments between some uncles whose names might just be Gavin, Andrew, Luke, Jeff, and Pieter. As it approaches teenagehood, it’s ready to study the works of the elders. Grandfather Schnorr will teach Bitcoin a little something about scaling and privacy, while grandad Ralph Merkle will shorten the length of contracts that it signs... it’s a MAST. As a pre-teen, Bitcoin aims to remain the first in

a month ago

Thousands of Vietnamese People Duped by Crypto Scams in 2018

Thousands of Vietnamese people have fallen victims of crypto scams this year resulting in the loss of their money. Crypto startup Modern Tech duped about 32,000 investors approximately $645.47 M by promising them a monthly profit of 48 %. The payback period was guaranteed to be four months. Crypto mining firm Sky Mining also asked investors to buy 7000 of their mining rigs, each worth $100-$5,000. Investors were promised to get back their initial capital and a 300% return. The investors' funds were lost after the disappearance of the CEO; 800 people have petitioned for the CEO to be extradited from the US. Additionally, VNCOINS crypto exchange scammed more than 6000 investors with a promise of a daily return of 1.8%. All these crypto scams used the promise of unrealistic returns to lure investors. (KE)

2 months ago

Report Finds Nearly 340 UK Crypto and Blockchain Startups Ceased Operations in 2018

A recent report from British news outlet Sky News reported that in 2018 at least 340 cryptocurrency and blockchain companies shuttered operations in the United Kingdom. According to the report, 139 companies liquidated their assets and 60 percent of the companies dissolved in 2018 ceased operations from June to November. The current crypto-bear market also negatively impacted large companies within the crypto-space. Take, for example, Bitmain, who reportedly closed its Israeli development center in mid-December and reporting from earlier today shows that the mining giant laid off all of its Bitcoin Cash developers. Even Ethereum client, ConsenSys was negatively impacted by this year’s bear market and the company is rumored to be in the process of laying off up to 60 percent of its workforce. (RS)

2 months ago

Biased Media Trashed Crypto as Bitcoin Crashed but Remains Silent on the Recent Stock Market Rout

A report from a British TV station, Sky News, reported that investors lost their homes and life savings as Bitcoin's price crashed in 2018 but the media has been relatively silent during this week’s stock market collapse. According to the report, “Married men accessed equity through their family homes, and often did so without informing their families, only to see the value of their assets evaporate, followed by their homes.” In February, Ethereum co-founder Vitalik Buterin cautioned that crypto's volatility and relative ‘youth’ could cause any one of them to “drop to near-zero at any time.” In all reality, the exact same advice should apply to the stock market, and in spite of the absence of commensurate media coverage, the last 2 to 3 months show that the same volatility that impacts crypto can also wreak havoc on traditional equities markets. (RS)

2 months ago

Ethereum (ETH) Co-founder Joseph Lubin Calls A Crypto Market Bottom

ConsenSys Remains Healthy, Ethereum Is Accelerating Just days after reports arose that ConsenSys, the distributed startup that focuses on bolstering the Ethereum (ETH) ecosystem, was poised to lay off 50% of its staffers, firm founder Joseph Lubin has explained that contrary to community sentiment, all is well in the company’s camps. In a flurry of tweets issued on Friday morning, Lubin, who once roomed with Mike Novogratz (CEO of Galaxy Digital), made it clear that his firm is far from dead in the water. I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates. — Joseph Lubin (@ethereumJoseph) December 21, 2018 The Ethereum co-founder stated that ConsenSys, headquartered in New York and backed by Lubin’s personal war chest, isn’t poised to fold. Far from in fact. Lubin explained that the “conjecture and preemptive paranoia” that the media has thrown at him and his firm don’t hold credence, as ConsenSys “remains healthy and is engaging in a rebalancing of priorities.” This shift, as made clear by the startup head, began nine months ago, when 2018’s bear market was just in its nascency. Lubin accentuated that this shift wasn’t direct catalyzed by the bear market, but rather, the firm’s vision for ConsenSys 2.0, which will require some “spokes” to be spun off. The Princeton graduate did note that he isn’t excommunicating non-pertinent spokes entirely, explaining that ConsenSys’ top brass is actively trying to determine how to facilitate these “projects going forward.” For projects that are core to ConsenSys’s long-term efforts, like Truffle, MetaMask, and Infura (to name a few), the technology entrepreneur exclaimed that these spokes will continue to hire. He added that ” some within roles that have been eliminated” will find their way into new positions within the startup, making it more than apparent that the reports citing a rumored 50% layoff aren’t correct. Lubin even quipped that “the sky isn’t falling,” subsequently drawing attention to the fact that he’s bullish on core Ethereum development, which continues to accelerate, coupled with the “continued maturation of the token economy.” He, like Circle CEO Jeremy Allaire, believes that in the coming years, tokens, whether utility- or security-focused, that have bonafide use cases will continue to launch en bloc. “I Am Calling The Crypto Bottom Of 2018/2019” In closing, the Canadian technology entrepreneur claimed that the unprecedented (“epic”) amount of fear, uncertainty, and doubt (FUD) from “our friends in the 4th and crypto-5th estate” indicates that a bottom for 2018/2019 is likely in. This is far from a baseless claim, as there have been a number of prominent startups, personalities, and analysts that have thrown in the towel in recent months. As reported by Ethereum World News previously, decentralized social media platform Steemit purged 70% of its employees, while Ethereum Classic’s ETCDEV folded entirely. Moreover, mainstream media have also begun to bash Bitcoin (BTC) incessantly, with Bloomberg Opinion, for one, regularly beating the dead horse that crypto is, in fact, in the midst of a bubble. This, in the eyes of Lubin and countless others, indicates that yes, the crypto market at large is finally catching its breath after prices were depressed for nearly a year’s time. Title Image Courtesy of Mark Finn on Unsplash The post Ethereum (ETH) Co-founder Joseph Lubin Calls A Crypto Market Bottom appeared first on Ethereum World News.

2 months ago

Cryptocurrencies Are Not Securities - U.S. Congress to Amend Outdated Definition

A new bill was introduced in the U.S. Congress on Thursday, aiming to bring regulatory clarity on cryptocurrencies, CNBC reported. The Century’s Most Innovative Technology Defined by Decades-old Legislation The bill, dubbed “Token Taxonomy Act,” was led by congressmen Warren Davidson of Ohio and Darren Soto of Florida, and focuses on two amendments. Specifically, the bill suggests that cryptocurrencies should not be classified as securities based on the existing Securities Act of 1933 and the Securities Exchange Act of 1934 and that a new definition about “digital tokens” should be added instead. Additionally, the bill includes taxation adjustments for the exchange across cryptocurrencies, as well as tax exemptions for capital gains that occur from the sale of digital currencies. Members of the crypto industry constantly voice their concerns as of how an obsolete regulatory framework can effectively classify the new digital asset class. Congressmen’s initiative follows on the heels of the roundtable that took place on Washington DC only a few months earlier, on which participants such as Fidelity, Nasdaq, State Street, Andreessen Horowitz and the U.S. Chamber of Commerce, discussed regulatory matters regarding digital currencies. The Amendments’ Aim to Keep Entrepreneurs From Migrating Their Projects Congressman Davidson said the bill aims to strengthen United States’ competitiveness against other leading countries in blockchain technology such as Singapore and Switzerland. He stated: “In the early days of the internet, Congress passed legislation that provided certainty and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy and for American leadership in this innovative space.” The bill outlines the definition of a digital token which is dependent on the grade of its decentralization. While Bitcoin and Ethereum are considered as commodities and therefore regulated by the CFTC (Commodities Futures Trade Commission), ICOs are currently treated as securities hence they are subject to the regulations of the Securities Exchange Commission (SEC). According to the Token Taxonomy Act, a digital token: “...has a transaction history that...is recorded in a distributed, digital ledger or digital data structure in which consensus is achieved through a mathematically verifiable process; and...after consensus is reached, cannot be materially altered by a single person or group of persons under common control; ...is capable of being traded or transferred between persons without an intermediate custodian...” Kristin Smith, Head of the Blockchain Association saluted the move of the U.S. Congress. She highlighted that the bill’s approval might disarm SEC’s authority on cryptocurrencies and empower FTC and CFTC for their supervision. “These decentralized networks don’t fit neatly within the existing regulatory structure. This is a step forward in finding the right way to regulate them,” she added. Securities Regulators Say Any Amendments Should Have the Protection of Investors’ Interests at Focus Joe Rotunda, Director of Enforcement of the Texas State Securities Board, told Blokt.com regarding the upcoming bill: “First, the Token Taxonomy Act may well have one of the most interesting names in this history of bills addressing the regulation of securities, clearly taking the lead over 1996’s NSMIA. Second, I believe any significant changes the cooperative regulatory framework established by federal and state securities laws should only be undertaken after very careful, thoughtful and thorough deliberation. The first blue sky law was enacted in 1911 to protect the public from swarms of thieves preying on desperate investors. The first meaningful federal law addressing the regulation of securities was enacted in 1933, after the stock market crash and in response to the Great Depression. Together, state and federal securities laws have governed the market for more than a century. During this time, many established businesses and entrepreneurial start-ups have introduced new, unique and creative products into the market. The securities laws have proven flexible in the regulation of these products, and courts have developed a robust body of caselaw offering guidance and direction. These statutes, coupled with the instruction provided by the courts, continue to protect senior citizens, retirees, and other investors. Any significant changes to the scope of these time-tested laws must ensure that regulators are able to continue to protect these senior citizens, retirees, and other investors. I should note that these statements are my own opinions and that I’m not speaking for the Securities Commissioner or the Securities Board.” Cryptocurrencies Are Not Securities - U.S. Congress to Amend Outdated Definition was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

ISG - Creating a World without Communication Barriers

CoinSpeaker ISG - Creating a World without Communication Barriers The 21st century is connoted as the era of development of a global information society, which is deemed to be the bedrock of global information infrastructure. Many countries across the globe are focusing on building strong information and communication technologies to make their mark in the evolving global industry. While the advancements in the communication realm have been notable, there are certain setbacks that still impact the global penetration of voice and internet technologies. Challenges Hindering the Growth of the Communication Domain There are more than 7.5 billion mobile connections across the globe. While the number is close to the global population, there are many parts of the world that still don’t have access to basic mobile connections. Those sections are referred to as “dead zones”. Additionally, there are many economically backward regions where connections are available but the services are offered at a hefty price, making mobile connection an unaffordable option. As you can see, along with technical accessibility, the fact that modern communication services are offered at expensive rates is another crucial factor that hinders its large-scale adoption. In fact, the cost of broadband services is equal to the monthly salary of an average individual in a developing country. It is imperative to address these impending concerns that the modern communication landscape deals with in order to create a digital world that is not restricted by geographical boundaries. According to the statistics, only 40% of the world population has access to online services because of lack of accessible technology, low income to afford mobile communication, inaccessibility of connections in the remote regions, etc. ISG - A Futuristic Communication Solution The International Sky Group is a transformational platform that has used satellite communication and blockchain to offer streamlined and cost-effective communication services worldwide. It aims to create an online sphere without antenna towers, roaming, dead zones and distinction between rural and urban regions. By achieving this, the platform intends to enable the excluded 60% of the population to obtain cheaper communication services, offering them an opportunity to be a part of the global economy. Satellite Communication Satellites ISG has developed a robust Satellite Communication System (SCS) that can seamlessly function individually, as well as collaboratively with the existing global telecommunication networks. The system is based on a low-orbit communication satellite that offers the possibility of 100% coverage, thereby eliminating dead zones. Additionally, the SCS intends to offer high-speed data transmission of up to 12 Mbps, along with stable and affordable voice and multimedia communication services to air subscribers, who are traveling at the speed of up to 12,000 km/hr. Maximum Security Assurance Due to the present complex structure, the communication industry is highly vulnerable to security and privacy threats. ISG has addressed these concerns and harnessed the potentials of blockchain to offer secure and reliable communication solutions. Moreover, the platform adheres to high-security standards and offers wireless data transmission that further protects any data tampering. ISG - A Decentralized Approach to Modern Communication ISG offers cost-effective connectivity to multiple sectors including defence agencies, phone and cellular companies, internet service providers, oil and gas industry, etc. By leveraging satellite communication and blockchain technology, the company has developed a network that provides strong, stable, and cost-effective communication services worldwide. ISG - Creating a World without Communication Barriers

2 months ago

AlterVerse Will Adopt Enjin Blockchain for All of Its 17 Gaming Worlds

Gaming and world-building universe AlterVerse announced yesterday that they had joined the Early Adopter Program of the Enjin blockchain platform. AlterVerse will make blockchain-powered assets on its 17 gaming worlds, working together with Enjin. It is currently giving away FREE Founder’s Token to the first 1000 people who join their Telegram and register. Using Enjin’s Blockchain As AlterVerse has joined the Early Adopter Program from Enjin and the Enjin Multiverse, it will now get access to the blockchain development tools of the platform. The tools are currently in closed beta but will allow AlterVerse to induct pre-made and security audited smart contracts using the ERC-1155 standard. Additionally, it will integrate the full catalog from the Enjin Multiverse into its games. Enjin’s tools are now being used in 29 games, allowing players the freedom to move between gaming worlds and use their multiverse items, regardless of which world they go. The function and form of the items change depending on the gaming universe a player is in. The blockchain stores the history, identity, scarcity, provenance, and ownership of the item. The Enjin Network currently has over 20 million users, thanks to its partnerships with Unity and PC Gamer. It also hosts Minecraft servers on the blockchain. AlterVerse’s 2019 Growth Story AlterVerse has already completed a wide range of features for its games including VR compatibility, rank and stats system, weapon types, in-game voice chat, interactive, combat systems, an affiliate program, and more. The debut release of AlterVerse is “Disruption,” a first-person adventure RPG style game. The game will be made available to 125 million Steam users in Q1, 2019. Disruption comes with four game modes, allowing users to work in a multiplayer environment too. It is the first prototyped gaming world out of 17 by AlterVerse. Their second offering Sky City, a free-to-play game will be dropping in Q2 2019. The company is currently offering free Founder’s Token to the first 1000 members who join their Telegram channel and register. AlterVerse Will Adopt Enjin Blockchain for All of Its 17 Gaming Worlds was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

The Crypto fall of 2018 and why it’s Nothing New

Cryptocurrencies have come a long way since their beginning about 10 years ago. Nearly all of them have seen ups and downs on their long journey to our modern day. The veteran of cryptocurrencies, Bitcoin has arguably seen the bumpiest road as it jumped from price to price, as well as headline to headline. After years of ridiculing the asset, many critics were silenced in December 2017, when it managed to reach nearly $20,000, an amazing achievement when you realize that there was a time when it used to be priced at just $1. Although the price silenced some of the critics, there were still warning about the whole thing backfiring on bullish investors. Needless to say, it did indeed backfire. Starting from January 2018 Bitcoin and all the other major cryptocurrencies have been falling at a massive rate, with no sight of stopping in the nearest future. But what caused such mayhem? Is this even normal? The crypto fall is not an end for cryptos Critics jumped on the opportunity to ridicule cryptocurrencies after their fall, just as a drunk bachelor would jump on the last remaining pizza slice at a party. Calling it the end of all cryptos and generally sewing madness into an already mad situation, wasn’t too good about the price as well. The fear mongering takes a toll on an investor’s psychology and it makes him doubt his decisions, ultimately making him abandon them completely. So in a way, these critics do indeed have some leverage over the prices, but here’s why you shouldn’t listen to them and be frightened. Cryptocurrencies are a young market Compared to other markets, cryptos are in their toddler phase, when they’re just now trying to adjust to the world economy. But how did such a small and young market segment manage to gain so much attention? Hype is the answer. Hype is such a marvelous word to describe something. It tells you everything and nothing at the same time. The same thing was with the hype for Bitcoin. The hype of buying it, What for? Who cares! You’ll make a bunch of money really quickly! Although this was the case for some investors, it was what ultimately brought the cryptos down. Supply and Demand govern our world Supply and Demand are the very basics of economics. If you have high supply and low demand, you have lower prices. Turn that around and you have high prices. We can easily apply this to cryptos, so let’s get into it. When cryptos were having a steady increase, there were thousands of experienced investors who were actually keeping an eye on it. These investors were looking at the assets, not as beneficiaries for the transaction systems of tomorrow, but an investment, something to make money from. And invest they did. Millions actually, which propelled Bitcoin and all of its altcoin friends to the stars. But just like these experienced investors know how when to buy, they know when to sell. At around the $19,000 mark, we could already see a small slowdown in the prices. At this point, you would rarely see investors opting for a BUY option when the price is so high. Sure there were some fanboys who believed it would reach $100,000 but they represented only the smallest minority of the investors. Everyone else was selling. Now we have a situation where everybody is selling, but nobody is really willing to buy, what does this cause? A price decrease of course! As investors get more and more desperate to get rid of their coins, they become more willing to sell them at a low price, which just spirals out of control and low and behold, Bitcoin now costs a bit more than $3,000. This is a classic Supply and Demand story. Supply was sky high, and Demand was an all-time low, it was pretty obvious it would happen and therefore nothing new to those who have at least some understanding of economics. Competition kills When you’re a beginner or just a mid-tier investor. Investing in something that costs $19,000 is pretty hard to do. Sure you can do it, but then it becomes very risky as you don’t diversify your assets, and if something were to happen with that 1 investment, you’re pretty much screwed. This is why all the new and the “mid-tier” investors just ignored Bitcoin completely and opted for cheaper, but also quite popular altcoins like, Ripple, Ethereum, Litecoin and etc. We are visiting another crossroads between Supply and Demand. Fewer people want to buy Bitcoin now, so once again another factor decreases the Demand. B..b..b..but altcoins are going down the drain too! Yes, they indeed are. But it’s nothing to be surprised about actually. It can all be boiled down to Bitcoin and investor sentiment. Imagine you are an investor and have a boatload of Ethereum. You suddenly hear that the Bitcoin roller coaster has reached the peak and is about to come crashing down. What do you think? “Oh no! If Bitcoin’s price goes down, then surely Ethereum will follow right?” So you start selling it off. Now multiply that by at least tens of thousands and you get the picture. The altcoin downfall w

2 months ago

Security Token Market Partners with Pink Sky Group to Connect Investors with Resources

STO marketplace Security Token Market has announced a partnership with blockchain research and consulting firm Pink Sky Group.

2 months ago

Bitcoin Millionaire Airdrops Millions of Dollars in Hong Kong

Wong Ching Kit, a 24-year-old Bitcoin millionaire residing in Hong Kong, has airdropped over 100 million Hong Kong Dollar this week, worth at least $13m. Wong Ching Kit reportedly threw the money off a rooftop in Hong Kong and various images of the stash of money being dropped from the sky have surfaced on Twitter. At the time of writing this, Bitcoin(BTC) is trading at $3,269.22, down 0.52% in the past 24 hours. (RL)

2 months ago

Bitcoin Millionaire Airdrops Millions of Dollars in Hong Kong

The Bitcoin industry has allowed wealthy individuals to do some very unusual things. In most cases however, those developments will not make any media headlines. The literal fiat currency airdrop executed by Wong Ching Kit, a Bitcoin millionaire, will raise a lot of questions. It may be a positive sign for the struggling industry as well. A Fiat Currency Airdrop to Promote Bitcoin Those who invested in Bitcoin at a very early stage have made millions over and over again over the past few years. Especially if they managed to hold onto their BTC holdings until the all-time high of $19,500 was reached in late 2017. Whether or not Wong Ching Kit sold his holdings prior to that date will always remain in question. The end result is how this 24-year-old is a Bitcoin millionaire residing in Hong Kong. Over the years, he has amassed a significant portfolio and associated value accordingly. During these troublesome times for Bitcoin and other currencies, he decided to airdrop some money in the real world. Although airdrops are nothing new in the world of cryptocurrencies, they usually involve digital tokens and assets. For Wong Ching Kit, he decided to distribute over 100 million Hong Kong Dollar this week. That is worth at least $13m, which was given away to random people. Chinese 24 year old Bitcoin Millionaire Wong ching kit 黄鉦杰 AKA bi shao ye 币少爷 (Mr coin ) throws 100’s of millions of HKD from the roof top. He said “he feels as if he is god and he is responsible to teach the world about bitcoin.” Is this a sign of a bullrun incoming or ?! pic.twitter.com/IfgKykB0ME — Mia Tam (@_blockandchain_) December 16, 2018 To make this cash airdrop successful, Wong Ching Kit decided to throw the money off a rooftop in Hong Kong. During this event, he also proclaimed to “feel like a god” and “being responsible for teaching the world about Bitcoin”. Two very serious claims, although it seems the latter one may be interpreted in many different ways. He never claimed he created Bitcoin like Satoshi Nakamoto, by the look of things. The main question is what this person aims to achieve by giving away millions of HKD for no apparent reason. It can be seen as a sign of how investing in Bitcoin will always be a good option to make money down the line. One could also say his youthful age simply got the best of his common sense and he acted on a whim. Various images of the stash of money being dropped from the sky have surfaced on Twitter ever since. It is something that makes many people wishful they were part of it. A cash airdrop doesn’t happen all that often, especially not for such large amounts. Even so, this person can seemingly pare the money without losing sleep over it. Giving something back to the rest of the world is a noble gesture, though one that will always be criticized. For the Bitcoin industry, this may not necessarily be the signal most people are looking for. There will always be those who claim this person should just reinvest the money and keep the price afloat. Even so, people are entitled to use their money as they see fit. If they want to make it rain Hong Kong Dollars, that is their prerogative to do at any given time. A very remarkable airdrop first and foremost and one that will be remembered for some time to come. The post Bitcoin Millionaire Airdrops Millions of Dollars in Hong Kong appeared first on NullTX.

2 months ago

Weiss Ratings Declares Now Best Time to Buy Bitcoin

Financial market analyst firm Weiss Ratings claims that at present, purchasing Bitcoin is one of the “best buying opportunities of the year”. Bullish comments Despite what every headline relating to the cryptocurrencies might be saying, Weiss Ratings has signaled an opportune moment for Bitcoin purchases. #BTC is getting to such low levels that it’s becoming one of the best buying opportunities of the year. As a store of value, #Bitcoin is here to stay. We truly think it’s the least speculative investment a person can make in #crypto right now. — Weiss Ratings (@WeissRatings) December 11, 2018 For those who have been following the crypto winter decline, these words are confounding in every sense. That said, there may still be some significant merits to the firm’s words. Within the crypto-market facet of the blockchain industry, the Weiss Ratings which observe and analyze financial markets from what they claim to be an unbiased perspective are something akin to Nostradamus for the cryptocurrency industry due to the notorious bluntness of their reports on financial markets. Past claims In January, as the crypto-market highs began to taper off, the firm published its first cryptocurrency ratings, which naturally garnered attention from every corner of the crypto-globe and even gave the markets a minor stir. At the time, Weiss Ratings marked Bitcoin down as a C+ (fair) and Ethereum as B (good). These scores were reportedly based on “thousands of data points on each coin’s technology, usage and trading patterns”, after which, Bitcoin was scored highly which it owes thanks to “security and widespread adoption”. However, there were still drawbacks such as network bottlenecks and high transaction costs that prevented it from beating out Ethereum who gained the B rating due to “more readily upgradable technology at better speed”. For investors at the time, the ratings appeared as a wink and a nod to those who had made the right choices. However, as the year went on, Weiss Ratings began to espouse bearish sentiments. In September, as the declining crypto-markets began their unprecedented freefall, Weiss Ratings Tweeted a prediction wrote a tweet predicting that within five years, Bitcoin would lose its dominance to Ethereum. #Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, due to it offering more uses and being backed with superior #blockchain technology. We completely agree - unlike #BTC, which is a one-trick pony, the limit of ETH’s application is sky itself. — Weiss Ratings (@WeissRatings) September 18, 2018 Current trends have seen cryptocurrency prices wither have suggested that Bitcoin is the stronger asset in its class, however. Currently, it trades at about 15% of its all-time high, while Ether has fallen well below 10%. In December, the architect of the Weiss Crypto ratings and price prediction model Juan Villaverde spoke in a video interview with a positive outlook for Bitcoin claiming it would “rise from the dead” in 2019. In the video, he also said: “We’ve seen a lot of progress on the adoption side throughout 2018, and that pretty much guarantees that we will see a bull market again and Bitcoin will make new all-time highs again.” 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 Weiss Ratings Declares Now Best Time to Buy Bitcoin appeared first on BitcoinNews.com.

2 months ago

Proud to announce our partnership with Pink Sky Group @PinkS...

Proud to announce our partnership with Pink Sky Group @PinkSkyGroup 🤝 Article Below: https://t.co/eDFH2MwGcn… https://t.co/ZxDzDKwUtE

2 months ago

Revealed: McAfee 2020 Campaign Plans To Use Skycoin

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

2 months ago

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

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

3 months ago

After Tron, Binance Info Adds Zcoin, Nano and Verge to its Gold Label Projects

In the world of cryptocurrency, getting the right information at the right time regarding any project is very difficult as there are very limited right sources of information. Also keeping track of all the sources and separating the FUD from actual news is difficult. Understanding this huge gap, Binance Info, the information arm of the leading exchange has launched the Gold Label Project and according to recently has added Zcoin and Verge to its list of timely updates. Coins appreciate their addition to Binance’s Gold Label Project After Tron, Qtum and Ontology and many other coins in the first two days, Binance info announced a series of coins that were added to Binance Info’s Gold Label Project on day there. Binance used its Twitter handle to make this announcement where Zcoin, Nano and Verge stood out to be the most famous projects among others. The other projects that were added on day three to the Gold Project were Digix Global, Aeron, OST, Enjin Coin, Nexus and Genesis Vision. Binance Info Gold Label day 3 verified projects: @DigixGlobal @nano @aeron_aero @OSTdotcom @enjin @NxsEarth @genesis_vision @vergecurrency @zcoinofficial Apply to join the Gold Label Project: https://t.co/dx58GhB71I pic.twitter.com/ChAdoWbjdT — Binance Info (@Binance_Info) November 29, 2018 Binance Info had added Tron, Ontology, Aelf, Bluzelle, NULS, Gifto, Cybermiles, Skycoin, Qtum and QLC chain on day 1 while day 2 saw an addition of NEO, GXChain, H Cash,IOS Token, Nebulas,Quark Chain, Project Pai, Contentos, IoTeX, Wanchain and yoyow https://twitter.com/Binance_Info/status/1067737359389679616?ref_src=twsrc%5Etfw Officially joined the initiative and received verification from Binance Info: @BluzelleHQ @aelfblockchain @OntologyNetwork @Tronfoundation @nulsservice @gifto_io @cybermiles @Skycoinproject @QtumOfficial @QLCchain. Apply to join the Gold Label Project: https://t.co/dx58GhB71I pic.twitter.com/V6BDXr0yz9 — Binance Info (@Binance_Info) November 27, 2018 According to the Medium post of Binance Info, the blockchain industry is seeing some polarization between good and bad projects, as well as issues in transparency. As many projects do not report updates regularly or do not disclose certain information, its difficult for the investor and other participants of the community to take a call on them. Because of these, some bad project industry tends to lose credibility As the Gold Project helps in separating the good from the bad and raise awareness about malicious projects, the coins and tokens added here have given their thumbs up and have appreciated the initiative. #TRON has officially become one of the first round projects that got @Binance_Info Gold Label #TRX https://t.co/dAOyNNaKta — TRON Foundation (@Tronfoundation) November 26, 2018 We are proud to be one of the first Gold Label verified projects on @Binance_Info to provide accurate and verified information about our project. #zcoin $xzc https://t.co/oDkJAruPva — Zcoin (@zcoinofficial) November 29, 2018 Qtum has officially joined @Binance_Info as a Gold Label Project. Thank you @cz_binance and your team for helping to bring transparency to the industry!https://t.co/p7fjPj2i1M pic.twitter.com/X5mn8NdQtV — QtumOfficial (@QtumOfficial) November 28, 2018 The Gold Label Project has a rigorous verification process and maintenance strategy, one can expect the community to be better informed with respect to which project is actually good and reduce chances of being duped by malicious projects and people who are in the industry for all the wrong reasons Will Binance Info become a flagship platform for all crypto project related information? Do let us know your views on the same The post After Tron, Binance Info Adds Zcoin, Nano and Verge to its Gold Label Projects appeared first on Coingape.

3 months ago

Bitcoin SV [BSV] shoots up by a gargantuan 102.65% in 7 days

Bitcoin Cash SV implementation by Craig S Wright, now known as Bitcoin SV, has risen by a massive 102.65%, at the time of writing. The cryptocurrency market seems to have found respite from the bears as the markets have shifted to the bulls. The one-day time frame shows a volatility induced roller coaster ride for Bitcoin SV. BSV began trading at $100 on November 28, 17:40 UTC. The prices experienced ups and downs within the 1% range until it fell down to $93. The prices settled down at $97 at the end of that day. Source: CoinMarketCap In comparison with the seven-day chart, the prices started trading at $47.75 on November 22, and continued at this price range without much volatility until November 25, where the price started to take off. BSV looked like it hit the peak point at $88 on November 25 at 23:23 UTC. The prices proceeded to rise higher at this point and reached the peak of $125 on November 15:39. BSV corrected the rise in a small amount where the prices fell down by 21%. The roller coaster ride took a steep downturn and BSV ended up at $81.16. BSV finally settled at $97.99. The total percent increase of SV in the seven-day time frame is a massive 102.65%, but in the 24-hour time frame, the prices are still engulfed by the bears and are down by 2.12%. The market cap of BSV is holding strong at $1.62 billion while the 24-hour trade volume is at $179 million. Prominent people in the crypto-community speculate and attribute the crash of Bitcoin and other cryptocurrencies to the hard fork of Bitcoin Cash into Bitcoin ABC and Bitcoin SV. Bitcoin SV is up in the sky while Bitcoin Cash is a facing hard time fighting the bear. The 24-hour change of BCH shows a positive rise of 3.53% while the longer time frame of seven-days show the actual hits BCH has taken as it is down by whopping 15.44%. The post Bitcoin SV [BSV] shoots up by a gargantuan 102.65% in 7 days appeared first on AMBCrypto.

3 months ago

How Blockchain can be Integrated into Social Media for Great Benefits

Blockchain has over the years been recognized as the framework behind the success of cryptocurrencies with the provision of the decentralized mode of operation and as a distributed ledger. Its function has been taken advantage of by many other institutions. Most cryptocurrency critics have a higher expectation of Blockchain as the future of the global industries and finance. Exploring the many weaknesses social media has, it is essential to consider the integration of Blockchain to social media and how it can be of benefit. According to a recent survey conducted by Common Sense Media, people spend 9 hours of their time within a day on social media. Also, people devote 30% of their time they spend online on social media. With the many hours people spend on social media, they post contents, like contents and media, share and click on Ads. These things provide a needed data to the social media owner who mostly has absolute control over contents. Some owners sell these user data to make revenue since they offer enough data to understand human behavior, locations, and other things. Mostly, it is part of their privacy and policy that they reserve the right to share any of the users’ posted contents somewhere else. People are mostly out of control on social media, and this is where Blockchain comes in. Taking a close look at Blockchain based platforms like Skycoin, users have control over their contents, and their contents cannot be shared on a different platform without permission. The integration of Blockchain on social media will ensure that users deal with advertisers and third parties directly. They can choose to give their contents out for a fee. In this case, revenues generated on the platform will go to the rightful owners. Blockchain will disrupt all centralized attempts and put content decisions in the hands of users. Blockchain has a promising future with social media as it can help provide the needed transparency and security for crowdfunding. Blockchain powered crowdfunding can be a significant advantage on social media considering the size of users on the platform. It can aid to raise money to support charities and other events. David Marcus, the former head of Messenger revealed that he would explore the possibility of how to integrate Blockchain space into Facebook. “Time for a new challenge! After four amazing years leading Messenger, I’m going to set up a small group to explore how to best leverage Blockchain for Facebook,” he said. It is expected that the integration of Blockchain into social media will come to reality. The post How Blockchain can be Integrated into Social Media for Great Benefits appeared first on ZyCrypto.

3 months ago

Skycoin Trinity: #Skycoin and #Skywire are distributed softw...

Skycoin Trinity: #Skycoin and #Skywire are distributed software networks that facilitate peer-to-peer transactions,… https://t.co/kbXuvfCPGO

3 months ago

DACC

DACC airdrop is worth up to 1,300 DACC tokens (~$ 0.35) and 100 DACC tokens (~$ 0.03) for every referral. DACC is listed on CoinMarketCap. About DACC DACC is the world’s first content-based blockchain that features content ownership and access management at the infrastructure level. DACC will revolutionize the digital content and media industries, as it offers users full control over content creation, access, and storage. The project’s core team members hail from prestigious institutions such as MIT and Harvard, and early partners include TRON, Consensus Capital, D Fund, Crypto Capital, Block VC, Kim’s Capital, FBG Capital, and the Roark Fund. DACC is listed within the top 10 Blockchain companies to watch in 2018 by Forbes. Would you like to receive the latest free Airdrop Alerts? Join our Airdropalert Telegram. How to join DACC Airdrop? Step 1 (+500 DACC): Go to the DACC Airdrop page. Follow Sky on Twitter. Join DACC on the official Telegram group. Step 2 (+200 DACC for each task): Follow DACC on Twitter. Follow DACC on Facebook. Follow DACC on VK. Join DACC on the Spanish Telegram group. Submit you Ethereum wallet address and other details to the DACC Airdrop page and to the DACC Airdrop form. If you use the ''CLAIM AIRDROP'' button below to claim the DACC Airdrop, it will automatically show on the main page with a purple check mark. So you can easily track which airdrops you joined and which ones you need to join. If you liked DACC Airdrop, also check out BitSafe Exclusive Airdrop.

3 months ago

Bitcoin Cash [BCH] hard fork saga continues; BCHABC soars above BCHSV in terms of price

The Bitcoin Cash [BCH] hard fork has garnered a lot of attention over the past few weeks in the cryptoverse. The end product of the fork was the creation of two different cryptocurrencies: Bitcoin Cash ABC and Bitcoin Cash SV. The ABC team was led by Bitcoin.com CEO Roger Ver and the Bitmain CEO Jihan WU. The SV team was spearheaded by nChain’s Craig Wright and Calvin Ayre. At the moment, the BCHABC is ahead of BCHSV in terms of both blocks mined and price. At press time, Bitcoin Cash ABC was falling at 3.83% with the market cap still in flux. The 24-hour volume was holding at $64.203 million and the cryptocurrency was trading for $255.02. A majority of the cryptocurrency’s volume came from Binance, which had a hold on $24.436 million of all the BCHABC trade. Binance was followed by Poloniex, the exchange on which 9.40% of the total BCHABC trade occurred. Bitcoin Cash ABC 24-hour chart | Source: CoinMarketCap The bear market showed no mercy towards Craig Wright’s project, with the cryptocurrency falling by a massive 27.14%. BCHSV was trading for $91.96 with the market cap still undecided. The 24-hour market volume of $89.275 million held by BCHSV was commandingly higher than BCHABC. Binance has the majority hold here too with 32.05% of all BCHSV trade being conducted on the Changpeng Zhao led cryptocurrency exchange. Bitcoin Cash SV 24-hour chart | Source: CoinMarketCap The hard fork has created clear battle lines between users on the network which includes famous officials like Charlie Lee, the Founder of Litecoin [LTC]. He had said: “The thing, why is there so much drama when miners should be the ones deciding. There shouldn’t be any drama right...whoever has the most hashrate wins.” Roger Ver, who has been a massive proponent of the ABC network had also stated: “In my opinion, I really don’t know the real after effects of the fork. It can be both good and bad for the entire community. It’s just like the Y2K scare, you know. Everyone expected planes to fall out of the sky but in the end, nothing much happened.” The post Bitcoin Cash [BCH] hard fork saga continues; BCHABC soars above BCHSV in terms of price appeared first on AMBCrypto.

3 months ago

Bitcoin Cash [BCH] ABC won for a reason, says Roger Ver

In a recent video released by Bitcoin.com, Roger Ver, the Chief Executive Officer [CEO] of the company, gave his thoughts on the recent Bitcoin Cash [BCH] hard fork. The hard fork that had quite the spotlight on it, resulted in Bitcoin Cash splitting into Bitcoin Cash ABC and the Bitcoin Cash SV. Roger Ver stated that the hard fork had used up over 400 peta hashes, which was more than the electricity generated by the Hoover Dam. He added that the Bitcoin Cash ABC was ahead of Bitcoin Cash SV by 53.5% in terms of Proof of Work [PoW], which was “a monumental achievement”. Ver added that after the lead was established, Vitalik Buterin, the co-founder of Ethereum [ETH], and Charlie Lee, the founder of Litecoin [LTC], had both congratulated the Bitcoin Cash ABC team. The video uploaded by Bitcoin.com also touched upon how Craig Wright reacted in all the wrong ways and that does not embody the values put forth by the original Satoshi Nakamoto. In Ver’s words: “The actions taken by BSC are opposite to how cryptocurrencies should function. Claiming you are Satoshi and then threatening to sell everything to destroy the cryptocurrency is a lot like a kid who just lost a basketball game and walks away with the ball.” Post the hard fork, a lot of exchanges including Bittrex, had voiced their support for the new tokens, namely the BCHSV and the BCHABC. The Bitcoin.com CEO was quite skeptical about the hard fork at the beginning, which was evidenced when he said: “In my opinion, I really don’t know the real after effects of the fork. It can be both good and bad for the entire community. It’s just like the Y2K scare, you know. Everyone expected planes to fall out of the sky but in the end, nothing much happened.” The post Bitcoin Cash [BCH] ABC won for a reason, says Roger Ver appeared first on AMBCrypto.

3 months ago

Addressing the Challenges of Satellite Communication

It is the era of the global information society, which is primarily centred on strong global information infrastructure. Nations across the world are encouraging the development of info-communications technologies. In fact, a strong online presence backed by uninterrupted communication channel can be significant for global development and economy. A 10% increase in broadband penetration can increase the GDP growth rate by 1.21% in the developed countries and 1.38 in the developing countries. Satellite Communication - A Revolutionizing Communication Method Satellites communication has certainly transformed the way people interacted with each other globally. By providing a strong voice and communication access to people around the world, it has helped in eliminating physical boundaries and developing a massive global information society. According to the recent IDC study, the cost of IoT solution will grow to USD 7.1 Trillion by the year 2020. However, there are still places, especially remote areas across the globe that are inaccessible to voice and internet communication. According to a report, only 40% of the world population has access to the internet. Satellite communication possess the potential to solve the accessibility issue if it effectively addresses some challenges that have been hindering its growth and adoption The Critical Setbacks of Present Satellite Communication Structure:- Below are the few critical challenges of satellite communication:- High Cost From developing a device to obtaining a connection, satellite communication is an expensive phenomenon. Moreover, as satellite technologies grow more complex, the prices of satellite communication services are also expected to rise. So, it becomes difficult for developing countries to afford such high-price communication method. Propagation Delay Propagation delay implies the time it takes for a satellite to communicate with Earth. Depending on the distance between satellite and recipient site, this delay can vary significantly. Furthermore, this delay can also cause an echo over the telephone connections. Slow Speed Presently when internet experience is highly focused on faster upload and download speed, satellite communication can be somewhat disappointing on that front. The current average speed of satellite communication speed is less than 1Mbps, which is also often hampered by noise and interferences. International Sky Group - Facilitating Right Solutions International Sky Group (ISG) is a unique project that aims to overcome the above-mentioned challenges of satellite communication and allow people to have better access to voice and internet services in a seamless and cost-effective manner. The network has developed an effective ‘Satellite Communication System’ that is capable of functioning together as well individually with the existing telecommunication network. The system is also based on a low-orbit communication satellite constellation that enables high-speed information transfer to the users around the world. ISG uses 98 satellites available on the low-Earth orbit which creates a possibility to offer 100% coverage of the information surface, thereby significantly reducing the costs and increasing the accessibility of satellite communication services. Augmenting the Potential of Satellite Communication Satellite Communication evidently holds a lot of potentials to boost communication realm. The aforementioned challenges are key factors that are impacting its growth and adoption among common masses. However, International Sky Group is a platform that has effectively addressed the challenges and offered solutions to make satellite communication more efficient, reliable, and secure for people worldwide. Know more about ISG on https://isgworld.net/ Telegram : https://t.me/isgtge Facebook : https://www.facebook.com/internationalskygroup/ Twitter : https://twitter.com/Interna69053987 Instagram : https://www.instagram.com/internationalskygroup01/ Youtube : https://www.youtube.com/channel/UCFIiRLFWRONEWpS9sQLQ8YA The post Addressing the Challenges of Satellite Communication appeared first on ZyCrypto.

3 months ago

Crypto Analysts: Bitcoin’s Calm Indicates Market Will Explode in 2019

After a year of near-non-stop action, the crypto market has finally slowed to a snail’s pace, with prices grinding to just shy of a halt. While many have claimed that this non-action is here to stay, a multitude of analysts are adamant in their claims that Bitcoin (BTC) and its altcoin brethren are on the verge of a monumental breakout, or as one analyst put it, a “storm.” Calm Before The Crypto Storm Issuing a post on Seeking Alpha, Victor Dergunov, founder of emerging market-centric Albright Investment Group, has claimed that BTC will move “substantially higher over the next several years,” echoing comments made by his fellow savants. Dergunov, touching on the fact that BTC’s volatility has all but dissipated, noted that this “phenomenon,” as he dubbed it, could be a precursor to the conclusion of crypto’s multi-month bear market, which has stretched investors to their mental limits. The Connecticut native wasn’t all by his lonesome with this sentiment, interestingly enough, as Fundstrat Global Advisors’ Rob Sluymer recently explained that an “incremental ‘Silver Lining'” has begun to develop within the cryptosphere. Sluymer, who is in cahoots with his peer Tom Lee, explained that declining volatility and volume levels could be seen as “encouraging technical developments,” even though other reports have signaled that retail interest is on its last legs. Speaking of Tom Lee, during a recent installment of CNBC “Squawk Box,” pointed out that crypto’s resiliency in a tumultuous legacy equity market has made him “pleasantly surprised,” adding that BTC has evidently found a floor at $6,000 and could be due for a foray to the upside in a few months time. Almost as if all the crypto industry’s analysts and forecasters will corresponding with each other, Bloomberg’s McGlone explained that non-action can coincide with the subsequent arrival of market bottoms. Some, like investor/analyst Crypto Rand, have even claimed that the bull market, or its earliest stages at the very least, are already upon the crypto space. Rand, who took to Twitter to convey his thoughts, explained that the aggregate value of all cryptocurrencies has broken out on both linear and logarithmic scales — a double whammy to the health of crypto’s bears. Regardless of these calls’ timelines, these predictions, which were all made in rapid succession, truly highlight the growing presence of bullish outlooks for the prospects of crypto assets and the networks they represent. A Bull Run May Be Inbound, But Where Will The Market Head? Although a majority of this market’s outspoken analysts are pointing to the sky, many have failed to come to a consensus on where this market will head, and why. In early-October, as reported by NewsBTC, Spencer Bogart, a partner at Blockchain Capital, explained that positive institutional news, like the arrival of TD Ameritrade, Yale, and the Intercontinental Exchange, will likely be the primary contributor to crypto’s impending bonfire, as it were. In contrast, Nikolay Storonsky, CEO of Revolut, has recently claimed that retail investors will drive 2019’s crypto bull run, going against the popular sentiment that the launch of the institutional-focused Bakkt and Fidelity Digital Asset Services (FDAS) will propel crypto to Main Street after Wall Street fills their bags. Still, these two predictions both indicate that a bull run is in the cards. But then again, will the next influx of fiat be siphoned into BTC or altcoins? In August, prior to the arrival of the launch of FDAS, Bakkt, and others, Novogratz, a leading proponent in the race for institutional investors in crypto, explained that BTC dominance will hold its ground for a while. This predicted hegemony, he explained, can be chalked up to the fact that interested institutions have an unbridled penchant for Bitcoin, not for altcoins. Others have begged to differ, but as always, investors, whether from the Bitcoin maximalist or altcoin advocate camp, stick to what suits them best, even while it may not be representative of this market’s future. Featured Image from Shutterstock The post Crypto Analysts: Bitcoin’s Calm Indicates Market Will Explode in 2019 appeared first on NewsBTC.

3 months ago

#Skyfleet members residing in the USA, UK, and Germany! Orde...

#Skyfleet members residing in the USA, UK, and Germany! Order a Skycoin t-shirt from Amazon in the next 7 days and… https://t.co/aHNptpevVg

3 months ago

John McAfee Gets New Tattoo for Skycoin Promotion

Internet maverick John McAfee is sporting a new tattoo in honor of his collaboration with the Skycoin platform. One thing you can say about John McAfee is that he never does anything in half-measure. The cybersecurity specialist and cryptocurrency enthusiast usually plows straight ahead when something catches his interest. Over the last year or so, McAfee has stirred up quite a bit of debate by his various cryptocurrency promotions, which he usually heavily pushes on Twitter. This time, he’s taking a different tack as he is immortalizing his current collaboration with Skycoin by having a tattoo done. More Ink for John McAfee In a few Tweets, McAfee posted several videos of him getting the Skycoin tattoo done. The tattoo is located in the dead center of his back, right across the spine. He notes that this was an exceptionally painful spot. A tattoo that crosses the spine is at the top of the pain charts. This was my second such tattoo. At one point during my https://t.co/RN53ipFhy6 tattoo I had to reach deep to find the appropriate curse words. pic.twitter.com/aZg25Nrgg9 — John McAfee (@officialmcafee) November 8, 2018 In one Tweet, he says: A tattoo that crosses the spine is at the top of the pain charts. This was my second such tattoo. At one point during my Skycoin.net tattoo I had to reach deep to find the appropriate curse words. He elaborates in another Twitter thread of how painful getting the tattoo was with some extremely salty language. One video shows the number of tattoos McAfee currently sports, and he shows some self-deprecating humor when someone asked about his ab regimen (he sports a healthy gut), saying: Booze, cigarettes, zero exercise and experimental recreational research chemicals. I can skate by on this regimen because I am 73 and most people label the stomach ad meaningless compared to the miracle that I am still alive. Staying Busy McAfee is one busy person. His current promotion is for Skycoin, a company that provides various blockchain and cryptocurrency solutions, such as trading and a blockchain-based network of Skyminers, which are nodes that receive coins in exchange for providing services and not for solving mathematical equations. I got a Skycoin (https://t.co/2oeokRUOME) tattoo today. My tech folks will stitch a two minute video together that should capture the essence of the experience. For now, this short clip should summarize. Why Skycoin? If you have to ask, you've been living in a fucking closet. pic.twitter.com/c6plwQrH2t — John McAfee (@officialmcafee) November 7, 2018 Back in June, John McAfee found himself in the hospital in a rather serious condition. He said that he had been poisoned by his enemies. After he was released from the hospital and recovered, he announced the McAfee Foundation Crypto Art Program. This program would offer artists a one-month residency at Team McAfee’s Beach Cottage, offering the artists exposure and covering all their costs. The one caveat was that any art created would belong to the Foundation. Of course, McAfee always seems to have drama going on. In August, he claimed that two individuals who worked with him stole $62 million in tokens. The two individuals deny the accusation. The latest tidbit on the internet maverick is that there’s going to be a movie made about his life. The movie is currently in pre-production and will star Michael Keaton as McAfee and Seth Rogen as the Wired journalist who wrote the article on which the movie is based. The movie is described as: Keaton will play McAfee, creator of the McAfee Antivirus software. McAfee cashed in his fortune, left civilization, and moved to the jungle in Belize, where he set up a compound of guns, sex, and madness. Rogen will portray Wired magazine investigator Ari Furman, who accepts what he thinks is a run-of-the-mill assignment to interview McAfee, but once he arrives in Belize, he finds himself pulled into McAfee’s escalating paranoia, slippery reality, and murder. What do you think about John McAfee’s new tattoo? Let us know in the comments below. Images courtesy of Shutterstock and Twitter/@officialmcafee. The post John McAfee Gets New Tattoo for Skycoin Promotion appeared first on Live Bitcoin News.

3 months ago

John McAfee Gets His Latest Coin Endorsement Tattooed on His Back

John McAfee has once again performed an unusual marketing stunt with the aim of drawing attention to a crypto-based project. McAfee recently had Skycoin (SKY) tattooed on his back. He tweeted, “I got a Skycoin (http://skycoin.net) tattoo today. My tech folks will stitch a two-minute video together that should capture the essence of the experience. For now, this short clip should summarize. Why Skycoin? If you have to ask, you've been living in a fucking closet.” (VK)

3 months ago

Daily Cryptocurrency Markets Update - November 6

65 of the top 100 cryptocurrencies recorded a bull run over the last 24 hour, picking from the strong momentum garnered over the weekend. XRP, BCH and BTC were among the top cryptos whose candlesticks turned green with Bitcoin Cash had the most gains, taking a chunky double digit- 11% turnover. The upward surge is reported to have been as a result of BCH’s backing by sector giants Bitcoin.com and Binance in the upcoming November 15 Bitcoin Cash Hard Fork. The current fundamental developments that continue with regards to Bitcoin cash are predicted to have a ripple effect on most cryptos markets, pushing prices upwards. BCH/USD The pair has been buoyed by fundamental news, sky rocketing sharply from the critical support zone of $408 to a new high of $488 threatening to get to the psychological target of $500. Prices for the pair have been ranging at $460 to $470. A strong bullish momentum has been witnessed since Friday, November 2, where the Relative Strength Index (RSI) was at the oversold area. Consolidation moves above $470 are likely to invite more buying pressure, consequentially pushing prices upwards. If the market’s Bull Run continues, a price rally towards the $500 psychological mark is likely to be witnessed. Chart patterns indicate the market is cooling from Friday’s high. The process of cooling off is expected to ease the pair out the oversold area consequently giving the Bulls another chance to run BCH/USD higher. However, given the fast rate at which prices have skyrocketed, the lower part of the said range ($460) might fail to hold. This might activate a southwards reversal towards the $400 mark. XRP/USD After a successful weekend in which Ripple gained over 30% in value, the bull run has persisted. The third-rated cryptocurrency by market cap currently sits above Bitcoin in trading volume ranking. It commands a leading 9.4% of the total market trading activity and is currently trading at $0.5050. Over the last 24 hours, it has seen an 8.8% increase. It broke above the $0.50 resistance zone set and is currently rallying above this zone. This is perhaps a signal to investors to take advantage and buy coins when they are low before they embark on a bull run. The post Daily Cryptocurrency Markets Update - November 6 appeared first on ZyCrypto.

3 months ago

Best 101 Bitcoin Facts - the Infographic

“So, that’s the end of bitcoin then” that was the title of a Forbes article after the then popular Bitcoin exchange, Mt. Gox was hacked for the first time in 2011. Like Forbes, there have been multiple influential magazines that spelled doom on cryptocurrency over the years. There have been rumormongers and naysayers. Some have deliberately spread falsehoods about Bitcoin just to undermine its value. Through thick and thin the digital currency has lost value and emerged on top. Bitcoin was launched in 2009 by Satoshi Nakamoto, a person [s] who chose to remain anonymous. Like the pound or the dollar, Bitcoin is a currency. It’s a digital currency based on a decentralized network of nodes. A lot can be said about the cryptocurrency, and this infographic by PlayCasinoOnline takes you through Bitcoin’s history while explaining 101 facts about the cryptocurrency: Bitcoin Info-graph | Source: PlayCasinoOnline But before you feed your curiosity on the infographic, let’s break down the most interesting facts about bitcoin. 80% already mined 13th January 2018 was an important date for Bitcoin miners. 80% of all Bitcoins had been mined, representing 16.8 million Bitcoins. Interestingly, it took nine years to mine 80% of Bitcoins, but it will take more than 100 years to mine the remaining 20%. Here’s why. The reward miners get for mining Bitcoin is halved every four years. Between 2009 and 2012, miners earned 50 Bitcoins for completing a Bitcoin block. Between 2013 and 2016, they earned 25. The reward is currently at 12.5 BTC and will be halved every four years until all Bitcoins are mined. When calculations are done, the halving will go on until 2140. By that time, miners will be earning fractions of Bitcoin for completing a block. If Bitcoin’s value continues to rise in value, the fractions will be worth thousands. Satoshi Sits on Billions’ Worth BTC After founding Bitcoin under the pseudonym Satoshi Nakamoto in 2009, the cryptocurrency’s founder went on to mine nearly 1,000,000 Bitcoins. He mined the coins in a span of one year, made a few contributions to the Bitcoin community and then vanished. His 980,000 Bitcoins are still untouched on the blockchain. When Bitcoin was valued at $19,000 late last year, Satoshi Nakamoto was worth $19 billion, making him the 44th richest man at the time. While Bitcoin has since fallen to less than $6,000, Satoshi is still a billionaire. And he will continue being one as long as Bitcoin’s price does not fall below $1,000. OkCupid-First dating Site to Accept Bitcoin Before any online retailer welcomed Bitcoin, OkCupid made a bold move in 2013. Just when the digital currency was budding, the dating site opened its doors for Bitcoin users. A-List members [premium] were the first bunch of people to have access to Bitcoin payments. They would pay 0.1BTC, the equivalent of $10 a month. While OkCupid was the first major startup to accept crypto, more than 2,000 merchants were already doing the same. The Bitcoin processor BitPay already had more than 1000 users. Microsoft, Dell, and Overstock would soon join the bandwagon and usher a new era for Bitcoin payments. As of 2018, more than hundreds of thousands of businesses are accepting crypto-payments. The FBI-Formerly the Richest Bitcoin Owners In 2013, the FBI shut down the Silk Road, an online drug marketplace. Its ringleader, Ross Ulbricht, was also apprehended while holding a laptop with 144,000 Bitcoins. The FBI took control of Ulbricht’s wallet and all his coins. At the time, the Bitcoins were worth $100 million. The FBI also seized several other wallets including one that had 30,000 Bitcoin. In total, the FBI owned more than 200,000 Bitcoins in 2013, making the bureau Bitcoin’s richest organization. Of course, Satoshi’s coins were still intact but they’ve never been withdrawn. The FBI allegedly confiscated the Bitcoins once Ulbricht and partners were sentenced to life behind bars. The Winklevoss twins took the number one spot for a while but Ripple’s CEO Chris Larsen overtook them later on. Larsen was worth $20 billion in February 2018, making him richer than Satoshi at the time. Bitcoin has been to Space In 2016, the cloud mining startup Genesis attached a Bitcoin wallet to a hot air balloon and launched it 34 kilometers into the sky. The company then sent some Bitcoin into the wallet to complete Bitcoin’s first transaction into space. Earlier in April, Miner One BTC mining startup made an incredible stunt to mine some Bitcoin from outer space. Like Genesis, the company airlifted a Bitcoin mining machine using an air balloon. Besides the machine, the balloon contained a Rasberry P1, a satellite phone, a battery, and a Bitcoin souvenir. Once the balloon was 10,000 feet into the sky, the company received data from the Raspberry and made a record of it. The balloon then fell as surrounding air pressure fell, bringing the stunt to an end. 40% of Bitcoins are owned by 1,000 People One of the most tragic realities of Bitcoin is that two-

3 months ago

John McAfee Joins Skycoin’s Advising Board

Today John McAfee announced his partnership with SkyCoin via a tweet. Using fairly explicit language, McAfee said that his “heart and mind resonate” with SkyCoin. SkyCoin aspires to carry out Satoshi Nakamoto’s vision for building a decentralized internet and a handful of Bitcoin and Ethereum contributors are involved with the project. SkyCoin ultimately exists to promote the actual use of cryptocurrency and distributed ledger technology through a consensus algorithm called Obelisk. (RS)

3 months ago

No, Bitcoin is Not Going to Melt the Planet

As Bitcoin adoption increases, a new study published Monday by Nature Climate Change warns that energy-demanding Bitcoin transactions would easily sling the global temperature past the 2-degree threshold set under the Paris Climate Agreement. But, is it true that Bitcoin is this energy inefficient that the mainstream media portrays? While Bitcoin’s precipitous rise has been stunning, many are still ignorant of the Bitcoin phenomenon saying it is still too arduous, complex and even too libertarian. Add this to the border-less and global nature of Bitcoin, and we quickly have a regulatory concern that different governments are not willing to take a risk on. Initially, the very objective of Bitcoin was to create a better alternative to fiat and even if adoption is still low, that objective is still in line. And encouragingly, governments are beginning to embrace blockchain formulating new laws that classify Bitcoin as commodities, subject to taxation. The Bitcoin Mining Energy Debate But even in the face of increasing adoption, scientists are raising the alarm. Complementing this are trackers such as the Bitcoin Energy Consumption Index relaying estimates on the prodigious amount of energy required and raising awareness of “how unsustainable proof of work systems is”. The creators of these trackers go on to say it is not the amount of energy that the network uses but the realization that most of these mining rigs are powered by coal-fired generators from China. Bitcoin Energy Consumption Statistics According to BECI, each transaction requires 812 KWH translating to an annual demand of 73.12 TWH. This is around 404.89 KG of Carbon-dioxide per transaction that is pumped to the atmosphere edging the global temperature closer to the 2-percent threshold. Researchers said greenhouse emissions from Bitcoin mining rigs was around 69 million metric tons in 2017. However, that was not enough to propel Bitcoin to the mainstream as it contributed a mere 0.033 percent of the world’s cashless transactions. At this rate, scientists from the University of Hawaii at Manoa said it was enough to push global temperatures above pre-industrial levels assuming the same energy sources, which is mainly coal, were used. Bitcoin Miners are Green Energy Promoters Regardless, Bitcoin maximalists are desirous and working towards an ecosystem that is crypto powered insisting that it is better and will slowly eat up the $8.7 trillion of political money called fiat. Supporters, such as Eric Masanet of the Northwestern University, insist that the recent study is “fundamentally flawed” laying out fact that the global energy is actually de-carbonizing and more efficient rigs are in the pipeline. Besides, he adds that it is hard to predict rates of adoption, future efficiencies and sources of energy of which the study bases its conclusion on. Furthermore, making the basis of this study shallow, is the is the assumption that Bitcoin would in the future act as a medium of exchange. Though novel and ideal, it is likely that Bitcoin will end up as an investment vehicle acting as a store of value. Additionally, since Bitcoin is a global phenomenon, environmentalists shift away from the energy intensity drum beating to the realization that while Bitcoin mining is concentrated in China, there are other geographies like Iceland that make use of 100 percent renewables like geothermal and wind energy. According to Katrina Kelly-Pitou, Strategy Manager at the University of Pittsburgh’s Center for Energy, energy production can increase without negatively impacting the environment. She adds that even if Bitcoin market cap is to increase hundred-folds, it would still be more energy efficient than traditional banking systems. “Even if Bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2 percent of all energy consumption.” Bitcoin and Blockchain Here to Stay It’s increasingly becoming clear that Bitcoin is here to stay. Needless to say, Bitcoin is ingenious and potentially transformative, but at the same turn adopters cannot turn a blind eye to the negative effect of Bitcoin’s energy requirements. Considering that there is a direct relationship between adoption and energy demands, blockchain promoters and enthusiasts are always on the innovation front researching and implementing new energy efficient technologies. After all, it is the miner’s responsibility to stay profitable even as energy requirements and fossil fuel prices sky rocket. In fact, the need of efficiency is so strong transportation costs are incurred as miners migrate from time to time to new jurisdictions with more favorable energy rates. This is why the miners are charting new territories, advocating for the need of green energy sources, and are not the axis of evil as the study implies. Image from Shutterstock The post No, Bitcoin is Not Going to Melt the Planet appeared first on NewsBTC.

4 months ago

Daily Crypto Roundup 10/25/2018

The overall crypto market cap is still a shadow of what it once was, slightly over $200 billion, via live Blockmodo data. Despite the bearish markets, however, a lot is happening behind the scenes. In today’s roundup, we’ll review Coinbase’s asset custody approval, Bitmain confusion, a gold-backed crypto failure, and growing mainstream interest. Let’s catch up on the action! NY Gives Coinbase The Green Light To Offer Crypto Custody Services Coinbase recently announced it’s official custodianship of crypto assets, in accordance with New York regulation. This basically means Coinbase is in line with New York regulation to securely hold specified crypto assets for customers. The assets listed are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and XRP. New York is known for its crackdowns and inquiries into the crypto space. Read on CryptoInsider Investors Received False Information About Bitmain Funding Round Bitmain is one of the most popular producers for crypto mining equipment. They have seen many news headlines over the past several months with talks of their Initial Public Offering (IPO). Recently, potential investors reportedly received documents with false statements about Bitmain being backed by two companies named Digital Sky Technologies Global and GIC Private Limited. It is currently unclear who put these false statements into said documents. Read on CoinDesk Canadian Border Services Begins Testing IBM Blockchain For Shipping Yet another example of mainstream interest in blockchain technology and application. The Canadian Border Services Agency (CBSA) recently publicized a partnership with the sizeable Port of Montreal, and will use a project called TradeLens. IBM, in collaboration with A.P. Moller-Maersk Group (Denmark-based shipping company), is behind the development of TradeLens. TradeLens “is aimed at modernizing the shipping industry by digitizing the ‘paper trail with electronic scheduling, clearance and billing while tracing containers,’ and is expected to be fully commercial by the end of the year”, according to a report by CoinDesk. Read on CoinDesk Major Agriculture Companies Partner To Use Blockchain In Grain Trading ABCD stands for 4 companies - Archer Daniels Midland Co., Bunge LTD., Cargill Inc., and Louis Dreyfus Co. These are the 4 most sizeable agriculture businesses in the world. ABCD “are working together to standardize and digitize international grain trades using technologies such as blockchain and artificial intelligence”, according to a report by Reuters. CoinTelegraph explained in their article, that “In the long run, ABCD plans to integrate blockchain technology on different levels of the supply chain, including shipping, storage, and customer experience”. Read on CoinTelegraph UK Government Vetoes Royal Mint’s Launch Of Digital Gold After CME Exit A British institution called Her Majesty’s Royal Mint originally had plans to start up a cryptocurrency backed by gold. Reports from today explain that the U.K. government has put a stop to those plans. Plans for this gold-backed cryptocurrency (called RMG) date all the way back to 2016. RMG tokens were to open near the end of 2017, with a trading launch on the Chicago Mercantile Exchange (CME) at some point. Due to alleged management changes, however, the CME changed their tune, no longer desiring involvement. Read on CoinTelegraph *CryptoInsider is sponsored by Blockmodo. As part of our arrangement, we may occasionally link to them and quote them when appropriate. This is done at the discretion of CI staff and CI sponsors have no say in any editorial decisions made by CI. The post Daily Crypto Roundup 10/25/2018 appeared first on Crypto Insider.

4 months ago

Mastercard Could Support a Crypto Credit Card Network and Coinbase May Announce IPO Plans Today

The State of The Market — October 26, 2018 BTC: $6,466.32 (-0.14%) ETH: $202.68 (-0.03%) XRP: $0.4585 (+0.40%) Bitcoin dipped below $6,500 but still shows an uncharacteristic lack of volatility as it hovers around $6,400 to $6,500. Ethereum continues to hold slightly above $200 on the majority of cryptocurrency exchanges. Today the majority of the top 100 cryptocurrencies are posting mild 1 to 3 percent losses and the total market cap is currently at $208.7 billion. In other news, Mastercard filed for a ‘fractional reserve management of blockchain assets’ patent. The patent essentially describes a cryptocurrency credit card network and system that simultaneously tracks crypto assets as well as fiat assets. Also, cryptocurrencies have shown little correlation to equities as the stock market rout continues. In recent days, the stock market lost all of its gains for 2018. Meanwhile, the broader cryptocurrency market is holding steady. As a result, there does not appear to be any correlation between stocks and cryptocurrencies. 1) CNBC Crypto Trader host, Ran NeuNer says that Coinbase cryptocurrency exchange will announce their IPO on Friday, October 26. NeuNer went as far as stating that the IPO announcement will take place live on his show. In his tweet, NeuNer also reviewed Coinbase’s user statistics which show that 80 percent of the exchange’s revenue came from consumers and 15 percent was sourced from institutional accounts. The remaining 5 percent was simply labeled as “other”. The data also shows that Coinbase expects to earn $450 million in Q4 of 2018. In 2017, Coinbase president Asiff Hirji suggested that an IPO could occur in late 2017. Hirji is on records as saying “It is certainly in the interest of our investors…and the most obvious path of Coinbase is to go public at some point.” 2) Potential investors in Bitmain’s IPO were provided with fabricated information about the company’s financial backing. Investigative reporting conducted by CoinDesk found that investors received documents suggesting that Bitmain had secured financial backing from Digital Sky Technologies Global and GIC Private Limited. One of the pitch documents explicitly stated that Bitmain “recently completed a $400 million Series B round of financing from Sequoia Capital, DST and GIC, with a pre-investment valuation of $12 billion.” Another version made similar claims and both versions were forwarded to public social media discussions, private email lists, and crypto-media. An inside source told CoinDesk that “Bitmain created the pitch deck without offering proof.” Financial regulatory laws in Hong Kong criminalize the issuance of false statements “for the purpose of inducing another person into an agreement” and if these assertions are found to be true, Bitmain management could be penalized with up to 7 years in prison and hefty fines. 3) According to a story published in BREAKER, not all of the coin journals in the crypto space have the same journalistic integrity as others. Corin Faife, a BREAKER contributor, recently set up a fake email account and contacted 28 different journals to inquire about advertising rates, and if he received a reply he followed up by asking how much it would cost for an article “to not be marked as ‘sponsored.’” 12 out of 28 outlets said they would publish the content without identifying it as sponsored, including NewsBTC, Bitcoinist, Cryptovest, AMB Crypto, and Blokt. (RS)

4 months ago

Bitmain IPO Investors Received False Information About the Company's Funding

Potential investors in Bitmain’s IPO were provided with fabricated information about the company’s financial backing. Investigative reporting conducted by CoinDesk found that investors received documents suggesting that Bitmain had secured financial backing from Digital Sky Technologies Global and GIC Private Limited. One of the pitch documents explicitly stated that Bitmain “recently completed a $400 million Series B round of financing from Sequoia Capital, DST and GIC, with a pre-investment valuation of $12 billion.” Another version made similar claims and both versions were forwarded to public social media discussions, private email lists, and crypto-media. An inside source told CoinDesk that “Bitmain created the pitch deck without offering proof.” Financial regulatory laws in Hong Kong criminalize the issuance of false statements “for the purpose of inducing another person into an agreement” and if these assertions are found to be true, Bitmain management could be penalized with up to 7 years in prison and hefty fines. (RS)

4 months ago

Monero (XMR) Might Still End The Year Above $500

Chart for XMR/USD (1W) Monero (XMR) currently trades around $107 and is probably one of the safest bets in the market right now. The price has been following a three driver’s pattern, trading in a diverging bullish channel. It has currently reached the bottom of the channel and will likely return with bullish momentum for the long haul that could drive its price all the way to $500 or higher before the end of the year. Apart from the technicals, its fundamentals look great as well. Monero (XMR) transactions are currently cheaper than that of both Bitcoin (BTC) and Litecoin (LTC). Monero (XMR) is one of the oldest cryptocurrency and has always been well respected for its privacy and completely decentralized nature. The need for coins like Monero (XMR) has been felt even more in recent times when we have seen even big projects like Ethereum (ETH) steer away from their original vision. Monero (XMR) being completely free of any central control has always been the centre of interest among investors looking to play it safe for the long term. It is also appealing to those who want to maintain an anonymous identity. A similar privacy coin, Verge (XVG) registered astronomical gains in the past few months. Monero (XMR) seems to have taken a hit due to a recent notorious hardfork and bad press. The whole ASIC mining fiasco certainly did not help and the price reflected that. Just recently a fake Monero site scammed some users. Chart for XMR/BTC (1W) However, things look great on the big picture. Circle Invest has now listed Monero (XMR) on its platform. It should be borne in mind that most of these companies like Circle Invest, Coinbase and TdAmeritrade are trying to get institutional investors onboard with cryptocurrencies like Monero (XMR). Once that happens, the price could sky rocket. Monero (XMR) currently seems to have bounced off the 200MA on XMR/BTC and will likely continue its bullish momentum. Like most cryptocurrencies, its future hinges on the success of Bitcoin. However, while some cryptocurrency may not have any purpose at all if all coins were to disappear tomorrow, the same cannot be said about Monero (XMR) or its kind. There will always be a demand for privacy coins like Monero (XMR). At the moment, the idea of being able to protect one’s identity and having the freedom to do whatever one wants to do with their money seems a bit farfetched to regulatory bodies. However, sooner or later this is going to be a reality. Monero (XMR) has received a lot of criticism for being a gateway to online purchases of drugs on the dark web but despite all that, the coin has continued to do well. The flow of smart money in Monero (XMR) has been keeping it in the top 20 league. The technicals on both charts look favorable for a medium to long term rally. Monero (XMR) also has a loyal community and is a coin that has stayed true to its vision and mission ever since its inception. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Monero (XMR) Might Still End The Year Above $500 appeared first on Crypto Daily™.

4 months ago


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