SmartCash SMART

$0.0092
Market Cap $ 13.064 MM (#189)
24h Volume $ 217.822 K
Chg. 24h: 0.11%
Algo. score 4.1/5  (#31)
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SmartCash News

Vitalik Buterin Reportedly Dismisses Rumored Attack Vector in Constantinople Upgrade

Ethereum’s Constantinople hard fork is on for Feb. 27, but not without any controversy. On a Feb. 15 developer call, Ethereum Co-Founder Vitalik Buterin has reportedly “dismissed” rumors that a smart contract change that is inherent in the upgrade has a security flaw. The Ethereum Improvement Proposal (EIP) in question is dubbed Create2 and it was alleged that it could introduce a “potentially serious attack vector” to Ethereum. At issue is a “self-destruct” feature tied to smart contracts. Buterin seemingly in relation to Create2 stated: “It’s not something we need to figure out in the next few weeks, but it's still useful to keep in mind when getting the ETH 2.0 sharding to a VM spec very soon." (GT)

4 hours ago

Vitalik Buterin Dismisses Rumors New Constantinople Feature Allows Attack Vector

Ethereum’s Vitalik Buterin and other core devs have denied that a new Constantinople smart contract feature will have negative security implications for the network

5 hours ago

@jamealtcoin Hi. Smart Assets isn't about weakness, it's abo...

@jamealtcoin Hi. Smart Assets isn't about weakness, it's about features which can be implemented by issuers of such… https://t.co/j18Icc1hb6

7 hours ago

NEO to Open New Development Office in Seattle Headed by Former Microsoft Exec

The developers of NEO, a leading Chinese blockchain-based platform for creating decentralized applications (dApps), are planning to open a new office in Seattle, United States. Last month, Erik Zhang, the co-founder of NEO, had said that NEO’s development team was in the process of making key improvements to the smart contract-enabled platform’s delegated Byzantine Fault Tolerance (dBFT) consensus protocol - which its founders claim “will become the best consensus mechanism for blockchains.”

8 hours ago

Token Sales You’ll Want To Keep An Eye On This Year

For those that don’t know, token sales are the process of generating and selling new cryptocurrency. Even though the details change from sale to sale, this process involves building a smart contract on the blockchain which will then generate and sell the resulting coins. This year, there are a few token sales anticipated to make some noise in the crypto space. Lynked.World This project aims to overcome the trust barrier in digital data and document exchange. Lynked.World is an upcoming project with a multi-faceted blockchain platform which will allow businesses and users to build custom applications and forms based on their business or other contract necessities. Built with smart contracts on the Ethereum blockchain, Lynked.World assists in the finalisation of the deals. Users will be able to control their digital wallets on Lynked.World to store their identification details and other documents. The team behind the project is based in India and there is a lot of potential that this platform has to impact the space. They have set a realistic target for themselves of the hard and soft caps to develop such projects with the soft cap being set at $5 million and the hard cap is set at $25 million. This is a project worth keeping an eye on. Fidelity House Again, built on the Ethereum blockchain Fidelity House is a social content building and aggregation platform. Users are able to communicate with people who have similar interests to them, publish content, update their interests and earn on viewing the content. As an author for original content, you will be paid based on the number of visits on the page. “The currency used as a mode of payment and rewards is called FidelityHouse Coin, an ERC 20 token. The team is based in Switzerland and has an impressive track record in content creation and social networking.” The project can have a good commercial use case with the idea of trustworthy and transparent crowdsourcing journalism which the firm has in mind. Nevertheless, the project will face competition as it is not the only decentralised content generating platform and there are competitors which are taking advantage of AI technologies to strengthen their user engagements. Once again, Fidelity House is one token sale worth looking at in the near future.

8 hours ago

Norway: Anarcho-Capitalist Smart City Adopts Crypto as Sole Recognized Medium of Exchange

Liberstad — a private, anarcho-capitalist city in Norway — has adopted a cryptocurrency native to its blockchain-powered smart city platform

8 hours ago

Crypto Startups Are Targeting Institutional Investors, But When Will They Finally Arrive?

In case you didn’t realize it during the brutal bear market of 2018, the days of stupid money flowing stupidly into any and every cryptocurrency-related project are over. Now, it’s all about the maturity of the nascent market, and that means institutional investors ‘need’ to step in — a sentiment not lost on some startup companies. One such startup is Tagomi, a Jersey City-based company of under 20 people that offers a trading platform for institutional investors looking to throw around big bucks. As noted by Forbes, the company boasts an ex-global head of electronic trading at Goldman Sachs and a Harvard grad with experience at Union Square Ventures as founders, alongside a consulting/private equity/venture capitalism expert. Tagomi apparently works by providing institutional clients with easier onboarding into the world of cryptocurrencies by pooling liquidity from approximately 10 exchanges and finding the lowest prices via algorithms — for a commission of 0.10 percent to upwards of 0.25 percent per trade, of course. Co-CEO Greg Tusar explained: The current exchange model requires you to prefund your trade. When you want to buy $1 million of bitcoin, we need to have thought through where you’re likely to want to buy. Tagomi aims to make life easier for institutional investors by storing hefty funds on Coinbase Pro, Gemini, Kraken, Bitstamp, and others. Of course, “institutional investors” has been a buzzword for, at least, a solid year now. Many people speculate that smart money is still on the sidelines, but others insist that this belief is misguided. The world’s most successful traders and investors buy the bottom and sell the top. To think that institutional investors are not currently playing the game might be foolish. (If they are, they are almost certainly on the short side until a true bottom for Bitcoin hits.) Tusar claimed: Current trading volumes underestimate what we see in terms of institutional interest. What do you think about Tagomi? Are institutional investors playing the waiting game, or are they already here? Let us know your thoughts in the comments below! Images courtesy of Shutterstock. The post Crypto Startups Are Targeting Institutional Investors, But When Will They Finally Arrive? appeared first on Bitcoinist.com.

9 hours ago

Ravencoin, Elastos & More Upcoming Trading Tokens

There are some upcoming trading tokens that have caught the eye of some keen crypto enthusiasts over the past few weeks which have the potential to be big. Throughout this article, we are going to go through a few upcoming trading tokens including, Elastos, Ravencoin and DeepBrain Chain. Elastos (ELA) Elastos is one of the initial operating systems which will be utilising blockchain technology to verify the identities of users, machines and applications. The operating system will be running on the Raspberry Pi operating system, on Internet of Things and on mobile devices. There are three different repositories for the separate segments which are Elastos.OS, Elastos.RT and Elastos.NET. The use of blockchain will remove the stretched out schedules carried out by intermediaries and make the internet ecosystem much more automated and secure. The blockchain network of Elastos is designed to support the main chain with each dApp getting the green light of its own sidechain. Based in China, the team has been working with both Bitmain and NEO in forming the “G3 of China.” The firm has currently raised over $90 million in its funding rounds with the project being designed to give users complete ownership and control of their digital assets which brings in direct competition to giants such as Ethereum and EOS. Ravencoin (RVN) The aim of Ravencoin is laid out very clearly - designing and transferring digital assets on a blockchain platform. The project came from the open-source fork of the original Bitcoin code with a specialised use case. As reported by The Fintech Times, “Its x16r algorithm is being crafted specifically to combat top-heavy mining pools and ASIC mining equipment. Ravencoin didn’t hold an initial coin offering (ICO) and doesn’t keep any RVN in a founders’ pool.” The team is based in the United States with users and businesses are allowed to create their own tokens at the expense of some of their Ravencoin tokens. Ravencoin has also built active communication layers above their token-based system allow the participants of the transaction to get involved and communicate securely privately. Deep Brain Chain (DBC) DBC is attempting to build a blockchain based neural network training platform to connect computers around the world. There will be a token running on this platform known as DeepbrainCoin and will be utilising the smart contracts of the NEO platform. This project is set to help improve the functionalities of the smart contract with the help of a decentralised AI driven network.

10 hours ago

Ethereum vs Hyperledger: Blockchain Platforms Comparison

What is Ethereum? Ethereum is an open source distributed public blockchain network that enables smart contract functionality and dApp development, testing and deployment. Ethereum was developed to expand on Bitcoin’s protocols for currency issuance. Its most important characteristic is that it enables developers to easily write and execute smart contracts. What is Hyperledger? Hyperledger is...

10 hours ago

Dutch Tech Company Releases Proof of Concept for IOTA-based Smart Grid

A Dutch tech company named ElaadNL recently revealed a new Proof of Concept (PoC) for a smart grid that self-balances and rewards Smart vehicles with IOTA tokens. The PoC reportedly demonstrates how smart grids can autonomously balance energy consumption using IOTA technology while securely sharing information via IOTA tangle. Furthermore, the system allows the self-driving vehicles to decide whether they want to participate in the balancing of the ecosystem or not. The systems are self-sufficient and earn a small IOTA fee by charging vehicles slower and during off-peak times. (JF)

15 hours ago

Ripple: Al Ahli Bank of Kuwait partners with Ripple to enable fast and effective transactions

Al Ahli Bank of Kuwait [ABK] announced its partnership with Ripple on Thursday in order to enable instant cross-border payments for its customers in and out of Kuwait, reported Arabian Business. As they announced this partnership, ABK claimed to be one of the few financial institutions in Kuwait to reduce transaction times from days to a few minutes for its customers. The bank will integrate Ripple’s enterprise blockchain technology into its existing services to offer its customers immediate confirmations. This will help the bank’s customers in sending money to friends, family and loved ones faster and more efficiently noted the bank. ABK will be a part of the RippleNet, a decentralized global network of banks and payment providers. ABK’s group chief operating officer, Somnath Menon said: “This partnership with Ripple is aligned with our unwavering philosophy of reimagining a simpler bank. We have significant interests in cross border remittances and plan to harness the power of Blockchain technology for making global payments faster and more convenient for our customers. As smart technologies continue to rapidly transform the financial sector, we remain committed to enhancing our offerings to our customers, and staying ahead of the innovation curve.” ABK is not the only bank that Ripple has partnered with in Kuwait. The company has partnered previously with National Bank of Kuwait and Kuwait Finance House. @XRPCenter informed the community about the news by tweeting: “*#Kuwait* @Ripple is becoming the best option to send money into/from Kuwait. It has closed production agreements with the following banks: 1)@NBKPage (Largest bank) 2)@KFHGroup_Eng (2nd largest) 3)@Abk_kuwait (6th largest) How could the rest compete? #RippleNet” Ripple’s MD of the MENA Region, Navin Gupta acknowledged this partnership and said: “We look forward to supporting ABK’s ongoing efforts to enhance its digital banking services, by providing our innovative blockchain solutions for speedy cross-border payments” The post Ripple: Al Ahli Bank of Kuwait partners with Ripple to enable fast and effective transactions appeared first on AMBCrypto.

18 hours ago

RIF Labs’ Rootstock RSK Blockchain Smart Contract Network Showcases 51% Attack Strength - Bitcoin Exchange Guide

RSK recently celebrated its first anniversary with several notable achievements. For starters, it entered into over 50 partnerships with many notable figures and companies. It also increased its merge-mining hashrate from a paltry 40% to 45%. Most notably, however, it has officially become the most secure smart contract platform in the industry. By surpassing 45%

19 hours ago

Chainalysis Secures $30M: Despite Bitcoin Crash, Crypto Venture Money Still Flowing

The so-called “crypto winter” has undoubtedly been tough on a majority of this ecosystem’s upstarts, even those with supposedly colossal war chests and copious amounts of talent. Heck, earlier this week, Ripple cut Bloomberg alumni Cory Johnson, the fintech firm’s chief market strategist, due to shifts in the Bitcoin winds. Bitmain, Huobi, and ShapeShift are also among industry powerhouses that have mandated staff cuts to bolster their bear market bottom lines. Other firms, such as Giga Watt and Liqui, have collapsed entirely. But interestingly, it seems that the crash in the Bitcoin price hasn’t deterred opportunities. Even in trying times, money from ambitious venture capitalists and visionaries alike have continued to rush into this space, no holds barred. Blockchain Analytics Group Finishes Series B Ever since it secured $16 million in its Series A funding round during 2018, Chainalysis has become an integral but little-known mainstay in this space. For those who missed the memo, the company, which has headquarters in New York, is a blockchain research and software provider that has played a role in the back offices of the cryptosphere. While the company’s premise may seem boring for most, investors have become enamored with what the team has accomplished, and what it intends to do. In fact, in a press release issued Tuesday, Chainalysis divulged that it had scored over $30 million in funding for its Series B round, led by Accel, a Palo Alto-based venture group that also has investments in Circle. Excited to announce our latest funding round of $30m led by @Accel to support strategic product development of new cryptocurrency use cases and a new office in London! Read more: https://t.co/0Rn2li4wkO — Chainalysis (@chainalysis) February 12, 2019 Accel’s deal with Chainalysis will also see the Bay Area investment group’s Philippe Botteri and Amit Kumar join the blockchain upstart’s board. Per Business Insider, the duo will aid Chainalysis in bolstering its presence, in the European region, along with its overall research efforts. With this influx of funding, the analytics unit has decided to bolster its team. The company currently has 30 open roles, including stints ranging from the vice president of finance to the team lead for cybercrimes. Although the company has its primary offices in New York, many of the new positions are located in London and Copenhagen, the former of which is where Chainalysis is looking to double its headcount. This $30 million dollar deal, which also saw participation from other unnamed financiers, isn’t just about acquiring talent though. Chainalysis divulged that it intends to double-down on its raison d’etre to make blockchain data easy to digest, useful, and accessible for governments, institutions, and native cryptocurrency firms. The company wrote: “We are building a team that is focused on attributing more services associated with criminal activity, including darknet markets, scams, ransomware, terrorist financing, and sanctions evasion.” The New York-based firm also explained that it intends to begin analyzing an array of other cryptocurrencies, not just assets like Bitcoin and Ethereum, while also bolstering its “compliance and investigation software” to create a fair environment for cryptocurrencies. Exact specifics regarding Chainalysis’ plans were scant, but considering that the firm has garnered the support of Binance, Barclays, among a series of other fintech firms, its future remains bright, whether Bitcoin continues lower or otherwise. Related Reading: Chainalysis: Up to 3.79 Million Bitcoins May Be Lost Forever Crypto Venture Tap Still Has Water While props to Chainalysis would be in order, this move only accentuates how the crypto venture capital tap still has water, even in spite of the harrowing market conditions. On Tuesday, Morgan Creek Digital, a crypto-centric venture group headed by fervent decentralist Anthony “Pomp” Pompliano, revealed that it had launched a $40 million fund. The fund, launched weeks, if not months ago, saw investment from two public pension funds that pertain to Virginia, a private institution, a university endowment, and other investors. The fund purportedly already allocated capital towards Bakkt, Coinbase, Harbor, and Blockfi, just to name a few notable crypto upstarts. Speaking of Bakkt, the Intercontinental Exchange-backed initiative secured over $182.5 million in one of the largest crypto-related deals to date. This round saw Boston Consulting Group, CMT Digital, Horizons Ventures, ICE itself, Microsoft’s venture wing, Pantera Capital, and Galaxy Digital make allocations. All this and more only goes to show that although BTC has continued to trade in a tight range, with analysts claiming that lower lows are inbound, the smart money is under the impression that eventually, this market will undergo a resurgence. Featured Image from Shutterstock The post Chainalysis Secures $30M: Despite Bitcoin Crash, Crypto Venture Money Still

19 hours ago

Tezos Price Rises 9% amid Environment Manager Smart Contracts Development

While the BTC price continues to trade sideways, Tezos is on a tear, having added 9% in the last 24-hour period to $0.44. Most of the trading is unfolding on crypto exchange UEX in the USDT and BTC markets. There was a development surrounding the Tezos environment manager, which according to GitHub "provides a seamless way to develop smart contracts and dApps locally for public networks such as alphanet and private networks such as sandboxnet." The Tezos environment manager "now supports ReasonML smart contracts natively thanks to Liquidity's .reliq file extension support." Separately, Tezos recently got a boost when Elevated Returns, a “token-focused financial group,” revealed it would build on the Tezos platform for tokenzied real estate. Elevated Returns has a real estate portfolio of more than $1 billion, which it plans to tokenize. Elevated Returns switched from Ethereum to Tezos for the latter’s “superior qualities for asset tokenization,” according to crypto market data firm Messari. (GT)

20 hours ago

Did Bitcoin Miners Shoot Themselves In The Foot By Advocating For Bigger Blocks?

Throughout the history of Bitcoin’s block size limit controversy, one part of the ecosystem that always seemed in favor of a larger block size limit was miners. Whether it was a proposal for an uncapped block size limit or SegWit2x, miners showed their support for a variety of hard-forking increases to the block size limit over the years. Various mining-related companies such as Bitmain and ViaBTC are also huge supporters of the Bitcoin Cash altcoin, which was created out of the scaling wars. Unfortunately for miners, they don’t control Bitcoin, so the protocol has yet to receive a block size increase via a hard fork, although a soft-forking increase was included as part of the Segregated Witness (SegWit) upgrade. On a recent episode of Magical Crypto Friends, the idea that miners may have shot themselves in their collective feet due to the advocacy for bigger blocks was brought up during a discussion around whether blocks are too big today. Miners Made More Money with Smaller Blocks When talking about whether blocks are too big today, Blockstream CSO Samson Mow stated: “If you’re actually a miner, you would not have wanted SegWit — not because of the FUD about SegWit — but just because you would have bigger blocks. And if you’re a smart miner, you also would not have wanted blocks to get bigger too because then you’re making less money off of the fees. So, I honestly can’t figure out why the miners and Bitmain and everyone were advocating for bigger blocks because now they’re making so much less money off of fees than they could have been making.” “It makes no sense to me either. They were making so much money when the blocks were small and fees were high,” added Litecoin creator Charlie Lee. To Mow and Lee’s point, miners were collecting more bitcoin-denominated transaction fees in 2016 and 2017 (when the 1 MB block size limit still existed) than they are today, according to Quandl. However, some of this data (especially the second half of 2017) is likely useless as the entire crypto asset market was in a gigantic bubble at the time. To play devil’s advocate, it’s possible the bitcoin price could be higher if a hard-forking increase to the block size limit had been implemented, which would increase miner revenue through the block subsidy rather than transaction fees. However, as the failure of the hard fork related to the New York Agreement showed, there simply was not consensus for this kind of change. Lately, Bitcoin Core contributor and Bitcoin Knots maintainer Luke Dashjr has been advocating for a decline in the block weight limit (today’s version of the block size limit). However, such a change seems unlikely to happen on the network at this time.

a day ago

One day left until #NEODevCon2019! Come to join us and accel...

One day left until #NEODevCon2019! Come to join us and accelerate the building of smart economy! #ContiNEO… https://t.co/7285eYdPDa

a day ago

Rehypothecation: BTC’s path to becoming king of collateral

Concerns about rehypothecation in layer 2 protocols for Bitcoin are overblown. We don’t need to fear rehypothecation, we just need to accurately price its risk premiums. There’s inflationary and deflationary forms of derivative open interest. The deflationary version comes in the form of fully-backed synthetic cash positions, which fuels Bitcoin Dollarization and gives a sensible valuation-growth model for Bitcoin. To understand these nuances, we have to understand bank credit. If your collateral is so good, why not use it like any other collateral? What is fiat? Fiat is a b-side currency note, a form of immediate-term debt, it’s an asset, but only because of its legal connection to the amortization of debts. It is an anti-liability, but mathematically, by the transitive property - that’s an asset! To restore some sanity, we call these “financial assets”, derivatives are also financial assets, that’s why you can be short them. For every $1 in someone’s pocket, which they are “long”, the Central Bank or Commercial Banks are short $1. A real asset would be, for example, some Caterpillar machinery purchased with a secured loan. To buy real assets, people accept shorting units of fiat that they borrow, then spend. You get this phenomenon of “fiat” - let it be - the “creation” of new money in the form of credit. The difference between a licensed bank, and a pool of investors funding loans on LendingClub with full capital paid, or a bond investor, is that the bank has essentially a portfolio margin license from the government. You don’t have to fund loans with cash, you can fund them with credit. Your bank’s credit. Also, the checking account deposits everyone depends on to survive are a junior, most-subordinated liability of the bank — thanks for looking out for us. In essence, a lender is making a hypothesis that the borrower will pay them back. In the hypothetical scenario of a default, XYZ can be triggered (e.g. going and taking assets to settle the loan). So to hypothecate something, you just have to lend it. To rehypothecate something then, you just... lend it again! Currency units issued by a bank as consideration for a new debt note, which may cycle back to that same bank and generally these days the value stays in the banking system, and around and around it goes. One man’s leveraged capex is another man’s revenue is another bank account’s deposit. You get the money multiplier effect. People who are Pro-Bitcoin generally hate the Federal Reserve, inflation, and fractional reserve banking. This is because many of us came of age at a time where all of these institutions were called into question, amidst great cataclysm unleashed through corruption of the highest halls of capitalism, and also we saw this movie called Zeitgeist and watched Ron Paul run for president. We read Baby Boomers’ rants about gold manipulation on ZeroHedge, and then we found BTC. Murray Rothbard, Hayek, and the general school of Austrian economics figured in, but people who consider themselves a priori, categorically, it’s gotta be Austrian, Austrians, are not necessarily representative of the majority of Pro-Bitcoin people. Rehypothecation can fuel Lightning In the default model of the Lightning Network, lots of BTC is needed in a fully-collateralized fashion to facilitate payments, earning a low yield from routing fees of generally under 1 percent per annum (what Nik Bhatia calls the “Lightning Network Reference Rate”). The presumption here, was that LN is necessarily going to be used in that way, that BTC would necessarily dominate liquidity in an environment of cross-chain asset swaps, and that nobody would use BTC/LN in a way that would contravene these Austrian economics tenants of strictly deflationary currency - which by the way, aren’t strictly speaking representative of pre-Bitcoin Austrian economics, perhaps better described as Quebecois Economics, after its two most prolific proponents, Francis Pouliot and Pierre Rochard. Much respect. However, one of the greatest things about Bitcoin is that nobody can censor usage of it. The only thing you can do to discourage certain kinds of usage is, either get mass consensus for a soft fork, changing around parameters that make it more difficult to relay “spam”, or have it be generally uneconomical. But if it’s economical, enough clients will relay it, and a single block-winning miner will include it, it can get in. Lightning Network is also a client-agnostic network in the sense that is has no global consensus state or specific blockchain. So it reasons, LN clients that run a bit differently could be pretty amazing for getting yield on BTC. For those who know what they are doing, there’s nothing that can be done to stop that, and it will have some degree of synthetic dilutive effect on BTC in the Lightning Network. Rehypothecation of BTC across Lightning Nodes, creating some sort of money multiplier, is possible if channels are constructed that operate based on un-collateraliz

a day ago

Developers Behind Ethereum App Aragon Weigh Launching a Second Network on Polkadot

Developers behind ethereum-based application Aragon are investigating the use of Parity Technologies' Polkadot Network to launch a smart contract framework.

a day ago

What Is a Smart Contract? Smart Contracts Explained for Beginners

Don’t know what smart contracts are? Learn about the nuts and bolts of smart contract technology: its origin, advantages, peculiarities and applications

a day ago

EOS Price Prediction [Update]: dApp Domination from EOS Could see it overtake Tron and Ethereum

dApps are seen as good indicators as to a healthy smart contract platform and with EOS dominating those stakes it could be good news for the price

a day ago

Vela partners with Coinroutes to deliver crypto-asset smart order routing

Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, today announced a new partnership with CoinRoutes, a provider of consolidated data, smart order routing & algorithmic trading for crypto investors, to extend the crypto-asset capabilities of the Vela...Source

a day ago

Bitcoin (BTC) Consolidates Above 21 Day EMA As Bulls Eye A Rally Past $3,650

Bitcoin (BTC) has been consolidating above the 21 Day EMA for seven days in a row. The consolidation has now extended so far that the price is almost ready to break out past $3,650 as early as this week. The 4H chart for BTC/USD shows that the 50 MA is about to cross above the 200 MA. This is going to be extremely bullish if the crossover goes as expected. The price could be expected to climb above $4,000 after such a break out. It is becoming increasingly clear that Bitcoin (BTC) is preparing to test its previous market structure around $6,000. That is also the average price to mine one Bitcoin (BTC). So, we are going to see in the next few days and weeks whether BTC/USD is ready to go back to normal again. If we are going to know that the price is not ready for a trend change yet, the only way we will get a confirmation is through a rejection at the previous market structure. This is the only way it works and it does not apply to Bitcoin (BTC) alone. In most market cycles when the price is expected to proceed with a trend reversal, it is expected to break past its previous market structure. If it does not, then traders have a confirmation that the price is going lower. However, there is no reason to be bearish at this time. In fact, it is hard to see why anyone would want to be bearish at this point. If the price goes up towards $6,000 and proceeds towards $8,000, we will have the confirmation that it has started a bullish cycle. Similarly, if the price faces a rejection at the previous market structure, we will have a confirmation that the bear trend is not over yet. In other words, there is not much to lose by being long on BTC/USD at this point regardless of your long term bullish or bearish bias. If the price does succeed in breaking past the previous market structure and climbs towards $8,000, you would have missed the opportunity possibly forever. When you see the price going from $3,000 to $8,000 and you miss the opportunity, it is very hard to get back in regardless of where you think the price is headed long term. There are plenty of smart people in this market who can draw the perfect charts and use the most sophisticated indicators. However, trading requires a lot more than that. You have to be patient when there is no play but when there is an opportunity, you have to embrace it. At the end of the day, it all comes down to risk and how you manage that risk. All the lines and marks that we draw on a chart just show us the possibilities. If you analyze them further, you can deduce the probabilities as well. However, there are still a lot of other variables like position sizing and risk management that many traders ignore. The daily chart for BTC/USD shows a golden cross that will come to fruition around mid-2019. If you missed buying Bitcoin (BTC) during 2014-15, this might be your chance.

a day ago

Celer teams with Chainlink combining real-world information and layer-2 scaling

Celer, an off-chain protocol for scaling blockchains, announced today the formation of a strategic partnership with Chainlink in order to bring real-world information to its layer-2 scaling platform. Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data...Source

a day ago

Why Stellar (XLM) Has More Room For Growth Than Most Large Cap Coins

Stellar (XLM) has reached the far end of the falling wedge it has been trading in. This is a rare sight to see in cryptocurrencies but when the market is down and sentiment against a particular coin is this negative, anything is possible. All hope of a recovery around November, 2018 was lost when the price plunged below the 50 Day MA. As long as XLM/USD remains below the 50 Day MA, there is no hope for any bullish setup. That being said, as the overall market recovers, we will see that the gap between the 50 Day MA and 200 Day MA on Stellar (XLM) is a lot wider than the ones seen on most other large cap coins. This means that Stellar (XLM) has more room to run compared to other top ten cryptocurrencies. As the bear market draws to an end, smart money is busy accumulating top performing coins. Stellar (XLM) is one of them and as we have seen in the past, it performs much like Ripple (XRP) in terms of growth. The difference is that it is a more ‘decentralized’ cryptocurrency than Ripple (XRP) which means it is not interested in protecting the banking status quo and wants to revolutionize it. Ripple (XRP) on the other hand wants to help the banks put up a fight to maintain their status quo. This makes XLM/USD and XRP/USD good hedges against one another for investors that are in it for the long haul. Besides, the simple game where people just put money in any crypto of their choice and the market starts surging higher along with their favorite crypto cannot last for long. There was a time during the dot com boom when people could have bought anything and made a lot of money. However, there came a time when that approach no longer worked. Anything with a dot com in front of it did not necessarily have to succeed and people realized that. Those that did not, had to pay for the lesson in due time. In the cryptocurrency market, we have seen that a lot of new coins made a lot of gains during the previous bull runs. However, when things got tough and we entered a bear market, a lot of those projects went belly up. Some declared bankruptcies, others lost too much funds and couldn’t operate anymore so they quit. The daily chart for XLM/BTC shows that Stellar (XLM) is also trading in a falling wedge against Bitcoin (BTC) and is expected to correct to the upside any time now. The RSI is in oversold territory and the MACD crossover indicates a near term shift from bearish to bullish momentum. It is thus obvious that Stellar (XLM) has a lot of room to run against other large coins short term. However, considering that Stellar (XLM) wants to empower the end user to be in charge of their finances without having to rely on a middleman, there is a high probability that Stellar (XLM) might eventually beat Ripple (XRP) at this game and come out on top. Yahoo was a lot bigger than Google and had a larger customer base but we all know how that turned out in the end.

a day ago

IOTA Utilised By Dutch Tech Firm For Smart Electricity

ElaadNL is a technology firm based in the Netherlands and has recently developed a proof of concept for a smart power grid for electric vehicles using the internet of things focused on IOTA Tangle technology. Bit of a mouth full, I know. The announcement came yesterday which and says that the proof of concept shows the ability of smart grids to not only consume power but also generate it and autonomously redistribute it throughout the community. The initiative was based on IOTA’s Tangle technology purportedly lets the charging devices autonomously make the decision for whether there is a need to assist the balance grid load. On top of this, the charging stations can all earn IOTA tokens by charging electric vehicles at a lower speed or at an off-peak time. The announcement goes on to say, “the grid in this PoC will connect all devices to a particular area of the grid, along with the transformer supplying energy. If one or more devices lowers its energy usage, they receive a few tokens of the IOTA cryptocurrency.” A distributed ledger technology expert at ElaadNL, Harm van den Brink said, “This proof of concept shows a possible future electricity system, where energy is shared amongst neighbours and decentralized islands are capable of balancing itself. We are using our electricity grid in total different way than we did 50 years ago, we went from only consuming to also producing energy.” The Dutch technology firm started up in 2009 by a group of grid operators with an aim to develop electric vehicle infrastructure and provide smart charging to electric vehicles. Since the company was established, the firm has reportedly installed around three thousand charging points within the Netherlands all open to the public. A few weeks ago, the state-owned energy company Energinet expanded its partnership with distributed ledger network IOTA to investigate the use of its technology in new areas. IOTA’s product offering is specifically prepared for the internet of things. In addition, Energinet is looking to create new solutions “based on IoT for emerging phenomena, such as green energy and electric vehicles.” Back in December, the Spain based ACCIONA Energia, which is a renewable energy company, announced its intention to deploy blockchain to track electricity generation. ACCIONA and the software startup FlexiDAO has been jointly working on the development of a commercial demonstrator that traces the renewable electricity generation supply chain. It seems that there is a lot going on in Europe right now and not just in terms of crypto and blockchain...

a day ago

Trade Alert: NEM (XEM) Rises 6% as the Bulls Push Back

NEM (XEM), a blockchain project building a network designed for better-performing smart assets, has had a rough start to the year after the new leadership published a report revealing it was on the verge of bankruptcy following a year of poor budget management. The news was enough to drop the price of the coin from $0.065

a day ago

Blockchain Startup Hopes To Streamline Patent System

Innovators filed 3.17 million patents in 2017, representing the eighth consecutive year of growth. In the same year, nearly 14 million patents were in force, according to the World Intellectual Property Organisation (WIPO). However, knowing where to locate these patents is easier said that done. To rectify the issue, IPwe is building the world’s first blockchain-based patent platform. Located in Paris, IPwe is a service for the patent ecosystem to come together to transact, interact, and communicate. It’s also one of ten blockchain companies in IBM’s Blockchain Accelerator program. Bringing AI To The Patent System Most of the team were already working together when the company was founded in 2017, explains IPwe analyst Franklin Bruscianelli. Prior to founding IPwe, CEO Erich Spangenberg had previously launched nXn Partners, which focused on predictive analysis. After investing over $20 million and developing AI for more than ten years, nXn had created better artificial intelligence solutions, which were used to make hundreds of dollars in the patent space. Later, in 2015, the founders started looking into blockchain implications to see how DLT could improve the system. “Back in the early days of developing these analytic tools, we would often talk about how inefficient the patent market was and we were amazed it operated in the way it did,” Bruscianelli explains. “When we started working on IPwe in early 2017 we realized that the market conditions and technology finally existed to enable the global patent market.” IPwe is a multisided platform where the patent ecosystem can obtain information and interact. At the heart are the AI tools, Zuse Analytics, which give users access to more than 59 million patent records and two million technical publications. “Zuse implements a suite of cutting-edge machine learning and AI techniques to revolutionise patent analytics,” Bruscianelli said in an interview with Crypto Briefing. “Zuse Analytics helps you make better business decisions with intellectual property data at your fingertips.” Lowering the cost of Patent ownership IPwe’s Global Patent Registry is a secure, open blockchain registry of the world’s verified patents. With 200 independent and regional patent offices worldwide, the registry solves the problems of a segmented database. “Whether you are simply curious or an expert, you can come to the IPwe platform and use our AI tools for free to answer whatever questions you may have,” Bruscianelli says. “If you want to transact - buy, sell, license, pay an annuity fee, obtain funding, buy insurance or hire a lawyer or expert - you come to the IPwe platform and all of those transactions occur in one place.” Transactions are enabled by smart contracts on the IPwe, built on IBM’s Hyperledger. The registry also includes a large number of universities, corporations, and research organizations who have verified their portfolios. Bruscianelli elaborated: IPwe benefits by accessing information from the patent offices that chose to make this information available. The big difference is we take this information and clean it, analyse it, repackage it, and make it available without fees. IPwe is a transaction business focused on lowering the cost of patent ownership. The end goal is to increase the rate of innovation, and boost the return on investment (ROI) for government, private and non-profit stakeholders by lowering the barriers for patent transactions. “IPwe is using blockchain technology to bring transparency to the patent industry and reduce transactional friction,” Bruscianelli says. “IPwe’s blockchain and AI innovations also produce transactional benefits. Today, doing simple things such as paying an annuity or licensing a patent involves a number of intermediaries and manual cross-border communications.” However, with the use of smart contracts, IPwe can reduce complexity and costs, by ensuring the integrity and automation of distributed tasks. Another Card on IBM’s Table With the World Trade Organization (WTO), predicting that blockchain’s economic value could be worth more than $3 trillion by 2030, it’s no wonder that companies like IBM are keen to embrace the technology. “We’re helping some of the best startups in the world rapidly scale their blockchain networks, giving enterprises real, vetted options to use blockchain in a variety of industries and use cases,” said Jules Miller, a partner at the IBM Blockchain Accelerator. “We’re hoping to help more companies take blockchain for enterprise out of the experimentation phase and into the adoption phase.” The author is invested in digital assets. Join the conversation on Telegram and Twitter! The post Blockchain Startup Hopes To Streamline Patent System appeared first on Crypto Briefing.

a day ago

RSK Sidechain Is Now Secured by 45% of BTC’s Hashrate

On Feb. 14, the cryptocurrency infrastructure organization led by RSK Labs announced the one-year anniversary of the RSK network and highlighted several notable achievements. Over the last 12 months, the project’s merge mining has managed to gather 45 percent of the Bitcoin Core (BTC) network hashrate, making the RSK smart contract system more secure than most blockchains. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Smart Contract Infrastructure Backed by More Than 20 Exahash of PoW At approximately 1:41 a.m. CST on January 4, 2018, RSK Labs mined the sidechain’s genesis block. Since then, the blockchain network has increased its merge mining hashrate from 4 percent of the BTC network to 45 percent today. Following this milestone, the RSK team announced that the company’s RSK sidechain has become “the most secure smart contract platform in the world.” RSK’s recent blog post explains that to 51 percent attack the BTC chain would cost $244,853 per hour. “By surpassing 45% of the hashing power of the Bitcoin network, an attack on the RSK smart contract network would cost approximately US$ 112,000 per hour,” the RSK announcement detailed. “This makes RSK one of the most secure and reliable platforms for developers to build their decentralized apps (dapps), and proves that merge-mining can succeed in securing Bitcoin sidechains.” The merge mined sidechain RSK has been tethered to the BTC blockchain for more than a year, gathering 45% of the overall hashrate. During the announcement, Diego Gutierrez Zaldivar, chief executive of RSK Labs, explained that because BTC miners are able to secure its own chain alongside sidechains at no added cost, this gives people the ability to build layer 2 solutions confidently. Moreover, the RSK executive details that this type of system also facilitates layer 3 solutions. “The development of layer 3 services — such as RIF OS — will be vital to scale Bitcoin and RSK to service tens of millions of users while providing peer-to-peer financial services, secure messaging, data storage, and other forms of decentralized services powered by Bitcoin,” Zaldivar emphasized. Root Infrastructure Framework and the Internet of Value The RIF system stands for Root Infrastructure Framework Open Standard (RIF OS) and the system is a purpose-driven organization that provides developers with peer-to-peer infrastructure services and software libraries to support easier and scalable dapp development. Over the last year, RSK Labs has partnered with more than 50 crypto-related organizations in order to expand the RSK sidechain network. Initially, the project started with its original 21 million smart bitcoins (SBTC) which circulate within the RSK network. But with the RIF OS, the company has created the RIF token which is intended to enable compatibility with RIF OS protocols and dapps. The founders of RSK Labs have created a supply of RIF tokens for the firm’s new Root Infrastructure Framework Open Standard (RIF OS) system. Initially, there are only 320 million RIF tokens and the rest of the units are locked in the smart contract and dispersed over the course of five years. People interested in how the RIF OS infrastructure works and its associated token can read the whitepaper written by the founding members of RSK Labs. The RIF token smart contract was officially deployed on the RSK blockchain on November 9, 2018, at approximately 8:12 p.m. UTC. At the moment, the RIF token smart contract has minted 1 billion coins, but only 320 million have been made available to be redeemed by the early contributors to the project, the RIF token whitepaper explains. The rest of the tokens are locked into the contract and will unlock themselves autonomously over a period of five years. “Bitcoin set the foundation for the construction of a new internet for the transfer of value,” Zaldivar detailed. “Both the RSK smart contract network and RIF OS were created as a means to move this vision further with the hopes that this new internet of value will foster prosperity and equality around the world.” Cryptocurrency community members haven’t seen a merge mining project like RSK since the Namecoin project which works in a similar fashion. Many other blockchains can be merge mined with the same proof-of-work (PoW) consensus algorithm that allows various networks to be mined simultaneously. Essentially the RSK blockchain works in the same manner and the smart contract system is bolstered by being secured by more than 20,000,000 trillion hashes per second at the time of writing. What do you think about RSK’s smart contract system? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, RIF OS, and Rsk Labs. Need to calculate your bitcoin holdings? Check our tools section. The post RSK Sidechain Is Now Secured by 45% of BTC’s Hashrate appeared first on Bitcoin News.

a day ago

New batch of Binance delistings includes SUB and SALT

Binance plans to remove several crypto assets from its exchange, in order to uphold its current statedly-high standards. Binance due diligence In an announcement on its support page on February 15, Binance revealed it will no longer host trading for Substratum (SUB), SALT (SALT), CloakCoin (CLOAK), Modum (MOD), and Wings (WINGS). As far as reasoning goes, the exchange explained it’s due to a perpetual evaluation of all currently-listed projects. Binance has a set level of expectations for each asset it hosts. “When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users,” the cryptocurrency exchange said in the announcement. Some of the aspects Binance takes into consideration prior to extracting assets include: Commitment of team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical / fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem” Binance examined the five crypto assets and deemed them for eviction from its platform. All SUB, SALT, CLOAK, MOD and WINGS trading will be terminated on February 22, 2019 at 10 am UTC. The exchange has also specifically said that it will pull all trade orders following each pair’s trading stoppage. “To view your assets after trading ceases, please ensure you have not selected ‘Hide small assets’ in your Funds page,” an official statement added. Users can also still withdraw the specified assets from Binance until May 22, 2019, at 10 am UTC. The cause for removal Crypto YouTuber Rob Paone, aka CryptoBobby, had a few insights on the situation in his video highlighting the news. In general, Paone said a lack of trading volume might be a reason for these delistings. Speaking on Substratum, however, he showed a lack of surprise regarding the asset’s removal. “Substratum came out and they were talking about a bunch of different things with trading their treasury balance, and the CEO had talked in a conference before about pump and dump groups. All types of stuff that just gives me the heebie-jeebies,” Paone said. Back in December 2018, Substratum’s CEO Justin Tabb explained in a YouTube video that the project cashed out multiple ethereum positions (from its war chest of funds) based on market price forecasts. Continuing to explain Substratum’s path moving forward (which statedly was included in its white paper), Tabb said: We are going to not cash-in, but begin basically attempting to trade up so that we can further our position as long as possible. Obviously, this bear market is hard on everybody We’re taking advantage of the trader that we have in full-time. And we are going to be actively trading a portion of the ethereum so that we can trade up, basically. So we can sell at the top of the bands and buy at the bottom of the bands.” As logically expected, most of the mentioned assets have seen a considerable fall in price, likely associated with the news. According to CoinMarketCap at the time of this writing, SUB has fallen 30% over the last 24 hours. Furthermore, CLOAK has declined by about 24%, and MOD is down almost 32%. The post New batch of Binance delistings includes SUB and SALT appeared first on Crypto Insider.

a day ago

Tari Labs hides BTC bounty in Ms. Pac-Man game

Tari Labs, the company that works on digitizing assets on the blockchain and deveoping a Mimble Wimble sidechain for Monero (among many other interesting projects), has made an offer no bitcoiner can refuse: you play a game of Ms. Pac-Man (retitled Ms. Fluffy as a way of showing some Valentine’s Day love to Riccardo “Fluffy Pony” Spagni‘s wife), you pay close attention to the Easter eggs, and you may just unlock a wallet which contains 0.25 BTC (at press time, about $900). As part of a Valentine’s Day campaign, Tari has announced on their Twitter account that the unfortunate ones who don’t have a significant other can compensate their emotional void with a game of Ms. Fluffy. At first glance, there’s nothing much to this casual gaming experience: you click the pink heart on the bottom right side of the Tari webpage and then enjoy some ghost dodging and white pill eating. Happy Valentine's Day from the Tari community #msfluffy2019https://t.co/wWzLxWapNa pic.twitter.com/sRnU1EVXM9 — Tari (@tari) February 14, 2019 The 1980s arcade experience also contains some really witty references: Ms. Fluffy must run away from the four nasty ghosts named “Roger. Ver”, “Jihan. Wu”, “Craig. Wright”, and “Dan. Larimer”. Also, the regular in-game fruits that give you extra points are replaced with cryptocurrency logos: XRP (which actually takes away 100 points from your score), BTC, Grin, XMR, and the Tari logo. Another nice touch can be discovered when you eat the hearts and momentarily disable any of the four ghosts: they turn into a Lightning bolt until the moment they respawn in their central place. Tari Labs is always looking for talented contributors, but this week we’re raising the bar. We’re only reading resumes that include your Easter egg high score. Better start practicing.#msfluffy2019https://t.co/YLlBszjPt6 pic.twitter.com/er8ndMDW5J — Tari Labs (@tari_labs) February 14, 2019 There’s more to Ms. Fluffy than meets the eye For starters, a little Twitter stalking will help you discover that Tari Labs is really serious about this little game of Ms. Pac-Man. The company is currently hiring professionals to fill 11 positions, ranging from marketing to engineering and design. And in order for the candidates to be eligible for the jobs they apply for, they are asked to add to their resumes a screenshot of their Ms. Fluffy high score. It’s a mandatory criterion that must be fulfilled throughout the week. But aside from this organizational detail, the simplistic game includes some cheats and ultimately reveals a BTC bounty. The more you play, the more messages you discover - and when you figure something out and it looks a lot like a BTC public key, you will realize that there is a really nice bounty involved. Hello, @tari what's this? #msfluffy2019 https://t.co/AcCssm9ktQ pic.twitter.com/VDRtW3YYKw — Captain Snow (@caylesharrock) February 15, 2019 The secret can be found in one of the six different messages that get displayed on screen when you press the “B” key during the level. If you want to skip to the next stage to find another message or clue, you don’t have to eat all the pills - instead, you just press the “M” key and you’re all set for a cheating advancement. Given these requirements, it’s recommended that you play the game on your desktop computer or laptop (it’s also available on mobile, but you won’t be able to access these cheats). Furthermore, if you want to treat the game itself a little more unfairly and see where the ghosts are going, add “/#cheat_mspac” the the URL (which is https://www.tari.com/pacman/). It’s very useful if you want to make a new high score and brag to the other players on Twitter. CONTEST ALERT The highest score from today’s Valentine’s Day Easter egg wins a boating trip with @fluffypony. Bring your private keys, just in case.#msfluffy2019https://t.co/wWzLxWapNa pic.twitter.com/VPfIG3mltn — Tari (@tari) February 14, 2019 The Tari account has suggested that the highest score wins a boating trip with Riccardo “Fluffy Pony” Spagni. However, it’s more likely that the other detail about bringing your private keys is more relevant for revealing the true intentions of this game of Ms. Pac-Man: as you’re about to discover, in-game messages lead you to a wallet where 0.25 BTC are deposited as bounty. Get the 0.25 BTC! The following part of the article is the result of more than 10 hours of gameplay and cryptographic key experimentation. If you manage to outsmart me and find a way to access the bitcoins, then please be kind and send a portion of the 0.25 BTC bounty to 3AoyUxdUJ2KAqrL86D6T5GwcW8omwUdV38. Without the data provided in this article, it’s very unlikely that you would have found about this challenge anyway. There's a game to play, and a puzzle that has BTC in it, go go go! https://t.co/ypPIOErBu2 — Riccardo Spagni (@fluffypony) February 14, 2019 The funny, weird, and useful in-game Easter Eggs If you press the “B” key during level one, a chat window will be revealed to yo

a day ago

Tron’s Justin Sun Now Has More Followers Than Ethereum’s Vitalik Buterin

Tron (TRX) and Ethereum have been in a race since the time Tron became an independent network. Tron CEO Justin Sun seems to be more conscious of this race than Ethereum CEO Vitalik Buterin, which may explain why Tron appears to be winning. Recently even Sun’s Twitter followers exceeded those of Vitalik, as noted by Ran Neuner. Sun currently has 847 thousand followers as against Vitalik’s 834 thousand. Some Twitter users who commented on Ran’s post said the number of followers may be different but the quality is different. Some think it is too early to tell which of the two is the winner. Tommy Mustache, one of those who commented wrote; “I do agree. It is still too early to tell who the winner is in this race. The fact that ETH was not able to handle the Blockchain Cutties transactions and it boggled down their network last year did not give me confidence in them. That was why I made the switch from ETH to Tron.” Tron has been competing with Ethereum for the top spot in smart contracts and dapps. Although Ethereum invented smart contracts and dapps, Sun is determined to outshine it in the industry, even setting goals to overtake it. Vitalik, on the other hand, seems oblivious to the perceived race and is moving at his own pace. Some people, however, believe Tron is no match for Ethereum because the network may not be as decentralized as Ethereum, for instance, one Twitter user wrote this: “Tron kills it in the marketing department but premature to declare it the winner in smart contracts. How many nodes does it have? How distributed are they? How big are the transactions? Like EOS is decentralization sacrificed by adding more TPS? Why no mass project migration to Tron?” In truth, Ethereum may be gearing up for a bigger thing to come with the Constantinople upgrade and its recent addition to Nasdaq’s Digital data services. Tron is also not relenting with its many projects and partnerships. Time, however, will tell who becomes the winner. Meanwhile, Ethereum is up in the second spot by market capitalization according to Coinmarketcap. Tron, therefore, has a bigger fight to face if it must beat Ethereum soon. The post Tron’s Justin Sun Now Has More Followers Than Ethereum’s Vitalik Buterin appeared first on ZyCrypto.

a day ago

NKN Advisor @stephen_wolfram, @WolframResearch founder and C...

NKN Advisor @stephen_wolfram, @WolframResearch founder and CEO, explaining how smart contracts in blockchain system… https://t.co/ZEzkWanqLW

a day ago

UK Think Tank to Study Crypto Impact on Economic Institutions

According to a recent report by crypto media outlet CoinTelegraph, the Institute of Decentralized Economics (IDE) has opened in the United Kingdom for the study of the economic impact of cryptocurrencies and its underlying blockchain technology. The source says the initiative is being backed by fintech company Sweetbridge and that the think tank will explore the possible potentials of decentralized and autonomous systems and find real applications within the current economic system. According to the source, the press release state that IDE will help organizations better understand the economics that underlies the blockchain technology, adding that stablecoins and the interactions between government policies and crypto economics will be included in the study areas. The research scheme will coordinate efforts from experts in entrepreneurial, corporate and political systems. Hard to ignore, the economic revolution introduced by the blockchain technology continues to gain prominence in mainstream economics on so many levels. Different initiatives designed towards researching the overall impact of the industry continue to prevail. Blockchain, though considered a nascent technology is about a decade old and as with other emerging technologies, remains an intriguing subject deep enough for its economic impact to draw interest for many years to come. According to CoinMarketCap data, the cryptocurrency market currently has over 2000 assets with a composite of 16,071 markets; the market had over USD 800 billion in capitalization as at January 2018 and dropped dramatically through the year, and is currently about USD 121 billion as at press time. Moreover, converging market instruments from the traditional financial market such as futures contract, exchange-traded funds continue to surface within the industry. In the past year, Bitcoin News picked up on a few research niches that involved blockchain technology and its economic impact. The Imperial College London reported its research on how Bitcoin could become a viable alternative to fiat. Relevant to high volatility caused by pump and dump schemes, researchers from the college also developed an algorithm to predict such schemes. Other relevant blockchain-related researches within the UK included the Law Commission’s exploration into smart contracts with the aim of conforming current laws to reflect their viability. Later on, the government began researching into digital evidence preservation through distributed ledger technology. In New Zealand, a report by one of its state research agency Callaghan Innovation detailed how the opportunities the emerging technology could benefit the economy, suggesting based on its findings that it could be the second biggest contributor to gross domestic product by 2025. Earlier this year, Bloomberg reported the opening of a blockchain center in Manhattan by the New York City Economic Development Corporation in partnership with Global Blockchain Business Council. The center aims at being in the front row seat of the emerging changes in the industry and wants to be instrumental in shaping those changes. 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: bitcoinnews.com The post UK Think Tank to Study Crypto Impact on Economic Institutions appeared first on BitcoinNews.com.

a day ago

Ripple Scores Another Partner, Kuwaiti Bank for “Speedy Cross-border Payments”

Over 200 long list of Ripple partners is slowly adding more banks. The newest addition came into the form of Al Ahli Bank of Kuwait (ABK) that announced its partnership with Ripple to enable instant cross-border payments for its customers in and out of Kuwait. As part of the agreement, ABK said it will be one of the few financial institutions in Kuwait that will be integrating Ripple’s technology into its existing services to reduce transactions time from days to seconds and further offer its customers’ immediate confirmations. ABK will be joining RippleNet, decentralized global network of banks and payment providers. Somnath Menon, the chief operating officer (COO) at ABK had this to share about this partnership, “This partnership with Ripple is aligned with our unwavering philosophy of reimagining a simpler bank. We have significant interests in cross border remittances and plan to harness the power of Blockchain technology for making global payments faster and more convenient for our customers. As smart technologies continue to rapidly transform the financial sector, we remain committed to enhancing our offerings to our customers, and staying ahead of the innovation curve.” Al Ahli Bank of Kuwait (ABK) has been operating for over 50 years in the Gulf that offers a wide range of financial products and banking services to retail and commercial customers in Kuwait, Egypt and the United Arab Emirates. Confirming about this partnership, Navin Gupta, managing director at South Asia and MENA at Ripple shared, “We look forward to supporting ABK’s ongoing efforts to enhance its digital banking services, by providing our innovative blockchain solutions for speedy cross-border payments.” Recently, Mohsen Al Zahrani, the Head of Innovation at Saudi Arabian Monetary Authority (SAMA) spoke about how the central bank of Saudi Arabia is encouraging the commercial banks of the country to use Ripple technology and revealed that two banks will be leveraging xCurrent and will roll out their services by Q1 of this year. In its official statement, Dilip Rao, the global head of infrastructure innovation at Ripple said, “Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers.” “SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution,” added Rao. The post Ripple Scores Another Partner, Kuwaiti Bank for “Speedy Cross-border Payments” appeared first on Coingape.

a day ago

Daily Berminal Brief: JP Morgan Launches Its Own Digital Currency, And China's Baidu Reveals Blockchain OS

The State of The Market - February 15, 2019 BTC: $3,640.40 (+0.69%) ETH: $123.21 (+0.91%) XRP: $0.303646 (+0.20%) After a slow decline in the last couple of days, the crypto market posted small gains today. While Bitcoin is still struggling to move past $3,650, the total market cap added nearly $1.5 Billion in the last 24 hours. All of the top 10 cryptocurrencies are in green right now, posting single-digit gains. A clear trend could emerge over the weekend when volumes are low. Meanwhile, Ethereum managed to defend its support at $100 this week, and Ripple has bounced back above $0.30. In other news, Coinsquare, one of the largest cryptocurrency exchanges in Canada, has announced the acquisition of the StellarX decentralized exchange as it continues to evolve its platform. The StellarX team says purpose behind the acquisition is to allow for the StellarX platform to fulfill its potential as Coinsquare offers regulatory experience and a full scope plan to build around the platform, as well as an established network in the United States, Europe and Canada. Also, OKEx now offers Thai baht-to-crypto trading on its client-to-client (C2C) platform. At the moment Bitcoin, Tether, Ethereum and Litecoin can be traded with Thai baht on the move is designed to recruit merchants. OKEx also announced that it had hosted a conference in Bangkok to "bring industry leaders together to exchange ideas on blockchain technology." 1) American bank JP Morgan is set to release a digital currency called JPM Coin. It will be used to settle a small portion of its transactions between clients of its wholesale payments business in real time. The American bank moves over $6 Trillion every day as a part of that business. JP Morgan claims it could also be used to provide instant settlement for securities issuances and even replace the US Dollar held internationally by subsidiaries of major corporations using JPMorgan's treasury services. Eventually, it could even be used for mobile payments. JP Morgan's CEO Jamie Dimon is not a fan of cryptocurrencies. On multiple instances, he has criticized Bitcoin and called it a fraud. However, that is not stopping his bank from releasing its own cryptocurrency. 2) Chinese search engine giant Baidu has announced the launch of its Baidu Blockchain Engine (BBE), an operating system for decentralized application (Dapp) development. It is a product of Baidu's cloud computing unit, Baidu cloud. BBE is an open source, commercialized platform, to simplify Dapp development. It provides developers with services such as multi-chain and middle-tier frameworks, as well as smart contract and DApp templates. Additionally, it comes with enhanced data security and privacy protection. BBE will be compatible with Baidu's existing cloud services. 3) Digital currency investment firm Grayscale published its financial report for 2018, over which time they attracted nearly $360 million to their coffers. Grayscale oversees crypto investment trusts that give investors exposure to some of the leading cryptocurrencies, including Bitcoin, Ethereum, and XRP. Of the total amount raised last year, two-thirds of the funds, or $237 million, originated from institutional investors in what turned out to be one of Grayscale's best calendar years ever. Nonetheless, inflows slowed in the final months of 2018, as evidenced by $30.1 million coming in versus $95.4 million in the year-ago period. (VS)

a day ago

Tron Price Analysis: TRX Bulls are Back, Correction Phase Over?

Latest Tron News Underpinning the success of any project, is its ability to draw new users. It doesn’t matter the size or funding levels. Bitcoin became an instant success because of its ability to cut off gate keepers, the middle men that continue to squeeze out every last penny in legacy set ups. Read: Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS Taking the same route, Tron are slowly but surely gravitating towards their ultimate objectives of not only decentralizing the web but creating an ecosystem for entertainment in a two-pronged approach. First, they are a smart contracting platform where users can create tokens, launch applications and receive funds from interested parties. On the other, it is also a place where talented coders are incentivized to develop and contribute apps. Tron Arcade is an example and with a $100 million kitty spread out over three years, the Tron Foundation has their eyes set on one of the three SE Asia blockchain powerhouse—South Korea. Also Read: BTT Paired with XRP and More BitTorrent News Updates It’s a strategic move and verified statistics shows that in 2018, gamers in the country spent a whopping $5.8 billion. Armed with a scalable and a high throughput platform that’s already attracting developers from Ethereum, Roy Liu, the Business Development Manager signed a deal with two of South Korea’s leading gaming associations-Korea Mobile Game Association (KMGA) and the Korea Blockchain Contents Association (KBCCA). Add this to Justin Sun’s recent comments that their goal this year is education, it’s only a matter of time before we see how their efforts are paying off and influencing price action. TRX/USD Price Analysis Even so, TRX is not fairing any better. After an initial pump that temporarily thrusted prices above the all-important 2.5 cents, prices are sliding back and retesting primary support levels. Regardless, we shall continue to hold a bullish outlook on the digital asset. However, it’s all depends on how fast TRX prices recover from current lows as bulls snap back to trend thrusting prices towards 4 cents and later 6 cents. Trend and Candlestick Formation: Bullish, Breakout pattern In the lead up to BitTorrent ICO, the need of TRX and BNB temporarily pumped the coin causing a mis-pricing that is now being corrected. Despite this slide, prices are technically trending within a bullish breakout pattern with clear supports at 2.3 cents—2.5 cents zone. Considering price action of the last few days, it is likely that the retest phase has been completed. This stand will hold water more so if today close as a bullish right off the support line complete with decent volumes. If that is the case, risk off traders should begin looking for opportunities in lower time frames with first targets at 3.1 cents. The 3.1 cents mark is the tops of the inverted pin bar of Jan 27 and a conservative buy trigger line whose breakout could catalyze a rally towards 4 cents and even 6 cents. Volumes: Bullish On average, transactional volumes between mid-Dec and early Jan stood at around 16 million as relayed from Binance records. The correction wave between mid-Dec to Feb averaged around 8 million. This discrepancy means buyers are technically in charge and with evidence from candlestick arrangement, it is likely that volumes pick up. Ideally, volumes signaling bulls should be high above 8 million averages and even exceed 42 million of Feb 4. All Charts courtesy of Trading View—Binance This is not Investment Advice. Do your Research. The post Tron Price Analysis: TRX Bulls are Back, Correction Phase Over? appeared first on Ethereum World News.

a day ago

What is Ethereum 2.0? We Reveal its Unclear, Uncertain, Yet Promising Future

For the past few months, Ethereum 2.0 has been a hot topic in the crypto space. People are patiently waiting to see how the second most popular cryptocurrency can showcase its new and improved speed, scalability, and security features through a series of updates. The updates are aimed at addressing current scaling, mining and consensual protocol, and security issues include moving from proof-of-work to proof-of-stake, solutions like Beacon Chain, Casper FFG, Sharding, eWASM, Plasma, Raiden, and perhaps most anticipated, Serenity. Serenity is supposed to be an ‘all-in-one’ solution to fix the various problems highlighted by Ethereum 1.0. It combines most of the Ethereum upgrade ideas (Sharding, eWASM, Proof-of-Stake, etc.) together on a new parallel chain that would run alongside and be fully compatible with the existing chain. Breakdown of Ethereum 2.0 solutions Proof-of-Stake (PoS): Beacon and Casper are the 2 PoS solutions that aim to improve how new Ethereum coins are mined and how transactions are validated. In PoS, there is no mining which means there is no block reward; the block creators are called Forgers (instead of Miners as in PoW). They are only being incentivized with transaction fees. The Forgers of the next block are elected through a random procedure according to the Forger’s stake (amount of coins the Forger stakes) and age. Sharding is the process where the entire state of the network is split into a number of partitions called shards that contain their own independent piece of state and transaction history. This addresses issues of scalability and transaction speed and stops one app from slowing down the network. eWASM allows code to execute faster by expanding the coding options and capabilities for the Ethereum Virtual Machine. Plasma is an extra layer that sits on top of the network to handle massive amounts of transactions. It is basically Ethereum’s version of Bitcoin’s Lightning Network. Raiden, like Plasma, is categorized as an off-chain scaling solution, and therefore can also be compared to the Lightning Network. Rather than processing the transactions on the main blockchain, Raiden uses state channel technology to move transactions off-chain and open a separate payment channel. We can see that the Ethereum development community clearly has their work cut out for them to bring these upgrades to life. However, according to a recent report published by Matt Slipper and Dan Tsui of Kyokan (a blockchain-native software consultancy based in the bay area), things don’t seem to be running very smoothly behind the scenes. The main takeaways from the lengthy document are that: Ethereum 2.0 has no person in charge of orchestrating the rollout of the upgrades. Ethereum 2.0’s implementation has been stalled by the specification constantly changing, particularly over the past 6 months. There is significant miscommunication on timeframes occurring between research people and the rest of the team. People working outside of R&D are out of the loop regarding when new features are ready to roll out. Implementers are concerned that perhaps there may be a funding shortage. The team is currently committed to working on Ethereum 2.0, but only as long as funding exists for development. If the funding dries up, then these teams may be forced to find other work. The rate of change in the specifications of features is only discouraging the implementation team more. In response to the need for clarity, research has started to version segments of the specifications to show what is ready and what needs to be changed. It is now believed that Ethereum 2.0 won’t be transformational for smart contracts until cross-shard communication is live and phase 0,1, and 2 of the release are complete. The implications of this document are quite significant. A lot of pressure has been put on the Ethereum developer community over the years to achieve the kind of scalability that Bitcoin has failed to do so far. For Ethereum, achieving scalability is not just about making it easier to send and receive ETH, it’s about improving the speed in which the entire network operates so that it can handle huge traffic spikes that will inevitably occur as more Dapps get released on the Ethereum blockchain. It’s also about being able to securely scale smart contracts so that they can one day be used for more than just gambling applications, for instance, real-life financial transactions (such as loans or remittances). There does seem to be some useful recommendations to improve the situation, such as: Including “Product Context” In Public-Facing Media (Clearly communicating what will be delivered and when as well as how to prepare for the release of Ethereum 2.0) Provide clear avenues for continued funding Rigorously defining and enforcing a formal standards process Ultimately, the long-term viability of the entire Altcoin market may very well depend on Ethereum 2.0’s ability to succeed. Decentralization has its clear benefits w

a day ago

Podcast transcript with founder of Tezos Arthur Breitman and former Foundation board member Diego Olivier Fernandez Pons on the Tezos Communities in Asia

We recently interviewed Arthur Breitman Diego Olivier Fernandez Pons on Tezos Communities. Below is the transcript: This is our newly released podcast in partnership with Tezos. Joyce Yang Welcome to Tezos in Asia, a series featuring and showcasing the growing Tezos communities in Asia. I’m your host, Joyce Yang, founder of Global Coin Research. follow me in my journey in exploring and meeting the various Tezos communities in Korea, Japan, Southeast Asia, China and more. Learn about the crypto happenings in each of these countries, the cultural backdrop and regulatory frameworks, and what these communities are doing locally. In this very first episode, I’m in Seoul, Korea, attending a Tezos Korea conference, and learning about the background and the history of these Tezos communities from two involved members. I speak to Arthur Breitman, founder of Tezos, and Diego Olivier Fernandez Pons, a former Tezos foundation board member and currently the scientific advisor of Tezos Southeast Asia. In this first conversation, I speak with Arthur about the importance of a having global presence for Tezos and I ask him for some of his thoughts on the communities. But before that, we had Arthur just give a quick introduction of himself as well as Tezos and the community. Arthur Breitman My name is Arthur, and my background, I studied math and physics. I worked in finance for a long time. I was aquant, working in high-frequency trading, I then worked a little bit in robotics, I was working at Waymo, which is Google’s self-driving car, or Alphabet I should say, self-driving cars division. So that was a nice change before really just jumping full time on Tezos. On the project itself, so Tezos is a cryptocurrency, and it’s a smart contract platform. Originally, the problem it really tries to address is a question of governance in cryptocurrencies, and sometimes people will say like oh, it adds governance, but it doesn’t add governance. Every project has governance. It can be explicit, but it’s always there. There’s always a form of governance. And the idea was, instead of trying to have rough consensus and implicit governance, which I think can devolve into handing out a lot of power to a few people, the idea was to have explicit governance starting with a simple mechanism on-chain based voting, and then progressively improving the governance and improving the methods by which the protocol evolves. And that’s I think you can strike a good balance between being agile and being able to evolve and make changes and between having security and stability. So that was originally embedded in this project Joyce Yang And how do you see these communities evolve? Arthur Breitman By their nature, blockchains are pretty global, I think that’s what makes them interesting is that they’re borderless, and that’s valuable. However, I think that from a human perspective, we’re still local creatures. We interact with people around us in our local communities. And so I would say that having this local chapters of the projects, local places where people can meet and discuss, I think is very important in order to foster adoption, education, and understanding of the of the project. Joyce Yang And as a reminder for our listeners. We are here in Seoul, Korea for the Tezos conference organized by Tezos Korea. Yeah, we’re here in Korea and the event has a great turnout and great energy, and people are asking questions about very technical things that you’re speaking about. What do you think of the communities here? Arthur Breitman I’ve had so far two trips to Korea and two trips to Japan so I’m speaking from limited experience, but everyone I’ve met has been great and I really enjoyed the communities that I’ve met and the members that I’ve met in those places. And what I like is the self-organization has been really like they are now foundations in many different countries in Asia and that’s really exciting. Like taking the matters into their own hands and moving things forward, so I think that’s pretty impressive to see. Joyce Yang What’s your general observation of the Korean community versus the rest of the communities that you have seen and visited? Arthur Breitman What I noticed is that the materials which have been produced by the Tezos Korea community have been very high-quality. I think the events are always very well organized. The infographics that came out of Korea have also been superb. So I also see that something, which is new now that wasn’t there last time was [them] trying to have more partnerships with universities, for research. So it’s a burgeoning ecosystem. Joyce Yang What’s your vision for these communities? Arthur Breitman I mean, what matters is their vision, not my vision, But... Joyce Yang How do you support that vision and how do you envision the foundation continue to support that vision? Arthur Breitman At the end of the day, you know one thing I really like is meetups. When I moved to New York, about 14 years ago, I did

a day ago

Crypto Startup Brings Bitcoin Adoption to Domino’s Pizza

Crypto adoption is rolling into everyday shops where Bitcoiners can buy goods on the fly. The Fold App allows Bitcoiners to make fast and cheap crypto purchases using their smart phones to scan QR codes, spending Bitcoin like regular cash. Chief strategy officer at CoinShares, Meltem Demirors, bought a cup of coffee using Fold to send […]

a day ago

A Conversation with founder of Tezos Arthur Breitman and former Foundation board member Diego Olivier Fernandez Pons on the Tezos Communities in Asia

We recently interviewed Arthur Breitman Diego Olivier Fernandez Pons on Tezos Communities. Below is the transcript: This is our newly released podcast in partnership with Tezos. Joyce Yang Welcome to Tezos in Asia, a series featuring and showcasing the growing Tezos communities in Asia. I’m your host, Joyce Yang, founder of Global Coin Research. follow me in my journey in exploring and meeting the various Tezos communities in Korea, Japan, Southeast Asia, China and more. Learn about the crypto happenings in each of these countries, the cultural backdrop and regulatory frameworks, and what these communities are doing locally. In this very first episode, I’m in Seoul, Korea, attending a Tezos Korea conference, and learning about the background and the history of these Tezos communities from two involved members. I speak to Arthur Breitman, founder of Tezos, and Diego Olivier Fernandez Pons, a former Tezos foundation board member and currently the scientific advisor of Tezos Southeast Asia. In this first conversation, I speak with Arthur about the importance of a having global presence for Tezos and I ask him for some of his thoughts on the communities. But before that, we had Arthur just give a quick introduction of himself as well as Tezos and the community. Arthur Breitman My name is Arthur, and my background, I studied math and physics. I worked in finance for a long time. I was aquant, working in high-frequency trading, I then worked a little bit in robotics, I was working at Waymo, which is Google’s self-driving car, or Alphabet I should say, self-driving cars division. So that was a nice change before really just jumping full time on Tezos. On the project itself, so Tezos is a cryptocurrency, and it’s a smart contract platform. Originally, the problem it really tries to address is a question of governance in cryptocurrencies, and sometimes people will say like oh, it adds governance, but it doesn’t add governance. Every project has governance. It can be explicit, but it’s always there. There’s always a form of governance. And the idea was, instead of trying to have rough consensus and implicit governance, which I think can devolve into handing out a lot of power to a few people, the idea was to have explicit governance starting with a simple mechanism on-chain based voting, and then progressively improving the governance and improving the methods by which the protocol evolves. And that’s I think you can strike a good balance between being agile and being able to evolve and make changes and between having security and stability. So that was originally embedded in this project Joyce Yang And how do you see these communities evolve? Arthur Breitman By their nature, blockchains are pretty global, I think that’s what makes them interesting is that they’re borderless, and that’s valuable. However, I think that from a human perspective, we’re still local creatures. We interact with people around us in our local communities. And so I would say that having this local chapters of the projects, local places where people can meet and discuss, I think is very important in order to foster adoption, education, and understanding of the of the project. Joyce Yang And as a reminder for our listeners. We are here in Seoul, Korea for the Tezos conference organized by Tezos Korea. Yeah, we’re here in Korea and the event has a great turnout and great energy, and people are asking questions about very technical things that you’re speaking about. What do you think of the communities here? Arthur Breitman I’ve had so far two trips to Korea and two trips to Japan so I’m speaking from limited experience, but everyone I’ve met has been great and I really enjoyed the communities that I’ve met and the members that I’ve met in those places. And what I like is the self-organization has been really like they are now foundations in many different countries in Asia and that’s really exciting. Like taking the matters into their own hands and moving things forward, so I think that’s pretty impressive to see. Joyce Yang What’s your general observation of the Korean community versus the rest of the communities that you have seen and visited? Arthur Breitman What I noticed is that the materials which have been produced by the Tezos Korea community have been very high-quality. I think the events are always very well organized. The infographics that came out of Korea have also been superb. So I also see that something, which is new now that wasn’t there last time was [them] trying to have more partnerships with universities, for research. So it’s a burgeoning ecosystem. Joyce Yang What’s your vision for these communities? Arthur Breitman I mean, what matters is their vision, not my vision, But... Joyce Yang How do you support that vision and how do you envision the foundation continue to support that vision? Arthur Breitman At the end of the day, you know one thing I really like is meetups. When I moved to New York, about 14 years ago, I di

a day ago

Tezos Korea Plans to Rejuvenate Korea’s Blockchain Communities

To learn more about Tezos’ communities in Asia, be sure to check out our newly launched podcast as well. In our first episode, we speak with founder of Tezos Arthur Breitman and former Foundation board member Diego Olivier Fernandez Pons on the Tezos Communities. As we are in a potentially prolonged bear market, Korea — home to the infamous Kimchi premium and the country where ongoing crypto enthusiasm once flourished — no longer seems to command the same influence in the crypto world. However, according to the Tezos Korea team, the best is yet to come. In fact, Doowon Suh, President of Tezos Korea Foundation, asserts that the mission of the Korean Tezos community has been consistent since its inception two years ago: to introduce new coding languages and new technologies into the Korean community that can potentially change lives and improve local businesses. During a packed Tezos Blockchain Talk conference that took place in Seoul a few weeks ago, Doowon’s message clearly resonated with its attendees. Notably, over 20% of them were C-level executives, about 33% of them came from IT and Telecommunication backgrounds, and another 18% came from university and research backgrounds. At the conference, Tezos founder Arthur Breitman kicked off the event by discussing blockchain’s potential impact on the world, Tezos’ technology, and its potential applications. The 5-hour long event-with dual translations-wouldn’t have led you to believe that we are in a bear market. Well-known influencers in the local Korean crypto community, including the founder of the Korea Blockchain Association, discussed the impact of cryptocurrency and blockchain in the world, and various projects building on Tezos shared their upcoming product launch. Questions from the audience ranged from one individual asking for a definition of smart contracts to another asking detailed question about Michelson — adomain-specific language used to write smart contracts on the Tezos blockchain. Arthur Breitman, founder of Tezos, sharing examples of what blockchains can be used for Since 2017, Doowon and his team have been organizing regular Tezos events in Korea centered around blockchain and Tezos’ technology. Since setting up the Tezos Korea Foundation officially last year, the team has achieved some noteworthy feats. Board members of the foundation now include Jinhwa Kim, the former COO and co-founder of Korbit, a leading crypto exchange in Koreathat was sold to Nexon partners last year. The Tezos Korea Foundation is separate from the Tezos Korea Execution Company (TKEC) that takes care of day to day operations, but they work together closely on large initiatives such as the aforementioned conference. As part of their plans to facilitate and accelerate blockchain development, the Korea Tezos Foundation has entered agreements and partnerships with local universities, including a Memorandum of Understanding with the Seoul National University, the number 1 ranked university in Korea, and Yonsei University, also another top university, both around November 2018. These partnerships would enable the teams to work with local professors to develop Tezos and OCaml research, and to train and foster experts in Smart Contracts, OCaml, and blockchain education. OCaml is a programming language that Tezos is written in. The foundation is also funding various Blockchain clubs in educational institutes for research, most recently to Sungkyunkwan University, anotherone of Korea’s top educational institutes. Korea has one of the most educated populations in the world. In 2018, the Organization for Economic Cooperation and Development (OECD) showed that 70 percent of 24- to 35-year-olds in the nation of 51.5 million people have completed some form of tertiary education, such as universities and colleges. However, the inability to climb up the economic ladder has driven many white-collar workers to turn to cryptocurrency trading as a form of speculation, which partially contributed to the rise of the local cryptocurrency prices last year. In my conversations with startup teams there, it appears that the startup community is still very immature versus that of the states. Many young people still choose to compete for top jobs in large global companies like Samsung or LG Electronics. An attendee asking a question at the Tezos Blockchain Talk conference Aside from partnering with local universities, the Tezos Korea team has also developed its own curriculum for training interested developers, and have done several 7-day bootcamps, where they work with participants to build blockchains and explore new business models on the Tezos platform. According to their Chief Strategy Officer of TKEC, Jinwoo Kim, Tezos provides a new opportunity for software developers to integrate into and work on OCaml, a lesser known programming language among developers: “there is some functional programming developers recruitment from Amazon or Facebook and Tesla. So we tell them, this is a new op

a day ago

Jimmy Song: Three Reasons Why Bitcoin SV (BSV) Is A Complete Scam

On November 15, 2018, a hard fork happened on the Bitcoin Cash network, resulting to a split into two chains that gave rise to two separate cryptocurrencies - Bitcoin ABC and Bitcoin SV (Satoshi Vision). Bitcoin ABC has since assumed the original name of Bitcoin Cash (BCH) while BSV has remained as such. However, there have been some controversies surrounding BSV, with a section of the crypto community expressing their pessimism about it. The fact that the BSV network is supported by Craig Wright doesn’t help much. In fact, it’s one of the reasons the crypto is getting bashed. One of the influential people that don’t quite buy into BSV is Jimmy Song. In a YouTube video, Jimmy gives 3 express reasons as to why he thinks BSV doesn’t cross the threshold as an authentic cryptocurrency. Craig Wright Is A Con Artist According to Jimmy, BSV’s Craig Wright isn’t exactly a straight-forward guy. He has been all over in the news claiming to be the real Satoshi Nakamoto and yet he has failed to produce any of the original keys or evidence to prove so. That, plus his extensive media blubbing with no concrete plan, should make people wary of his BSV. With nothing of value to offer, Craig only uses social signalling to marshal his followers in support of BSV, and that’s not something a smart investor would want to buy into. In Jimmy’s own words, Craig has been a con artist for a very long time and his association with the BSV should raise eyebrows. There’s Zero Development On this, Jimmy points out that ever since BSV came into being, there has been no development on its network. They don’t offer any open source software or attract any development. The whole thing is only based on the word of one guy (Craig) that doesn’t provide proof of anything. Craig Wright And Calvin Ayre: Their Behavior In Jimmy’s opinion, the behaviour of the two principal supporters of BSV, Calvin Ayre and Craig Wright, hasn’t been exactly appealing. First, they tried to pull a scam by faking a signature claiming Craig is Satoshi, which failed. Also, they’ve been throwing a lot of threats everywhere while they engaged in a supremacy war against Bitcoin ABC (BCH). Granted, BSV has some supporters, and Jimmy doesn’t understand why anyone would want to support a scam. He suspects that the influential people in the BSV camp might have been paid off. The post Jimmy Song: Three Reasons Why Bitcoin SV (BSV) Is A Complete Scam appeared first on ZyCrypto.

a day ago

Ontology (ONT) and Tezos (XTZ) Marking Highest Gains: About the Coins

In just a couple of hours, the pair ONT/USD made it above the major $0.6000 level jumping from $0.5666 to $0.6218 counting 10.60% gain in the last 24-hours. Source: coinmarketcap Among the top-25 coins by market capitalization Ontology’s blockchain token is marking the highest increase for the day [February 15th , 2019]. In a few days the network has its anniversary as it launched in February 26th 2018 with a total supply of of 1,000,000,000 ONT. The team behind Ontology, made its v0.8 pre-release of the MainNet on May 17, 2018. Proof of Stake (POS) native contract, Chain environment native contract, ONTID native contract, Update the Verifiable Byzantine Fault Tolerance (VBFT) protocol to new version, Virtual Machine (VM) fee calculation model, Command line interface (CLI) configuration and transaction creation support, Network optimization, Smart contract execution and permission control module. Following up Ontology, higher-up on the rank Tezos‘ XTZ is changing hands with the US Dollar at the $0.4315 level increasing 8.08% only in the last 24-hours recovering above the price-lost experiencing the past few days. During one of the most successful and largest ICOs ever held - Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018. What is Tezos (XTZ)? Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus - there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification - Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance - all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. - Via Kraken’s blog post - Kraken Listing XTZ Blog Post Ethereum’s ETH and BTC are standing on the same path of today’s crypto-market performance while now stepped-down third largest coin by market capitalization XRP is battling the bears as its weekly declining trend is seeing no stop. The post Ontology (ONT) and Tezos (XTZ) Marking Highest Gains: About the Coins appeared first on Ethereum World News.

a day ago

Craig Wright calls out JP Morgan on JPM Coin; claims he holds the patent for what JPM plans to do

Craig Wright, the Chief Scientist at nChain, Bitcoin SV [BSV] proponent and self-proclaimed Satoshi Nakamoto, is in the news again. This time, Wright has targeted JP Morgan, the sixth-largest bank in the world, in terms of total assets held. On 14 February, the investment bank announced the introduction of ‘JPM Coin,’ the first cryptocurrency launched by a US Bank and backed completely by the US dollar. The JPM Coin will be tested over the next few months and will eventually be used to settle payments with the bank’s clients. Craig Wright, however, tweeted that the JP Morgan’s new coin will require an entire overhaul of the current technology, technology for which patents are required. Wright has claimed that he holds the patent for such a technology. His complete tweet is as follows: “Hey JP Morgan... Patent 32. DFAs Oh, you did not check? I have patents on what you want to do. Have a nice life.” Craig Wright replied to his tweet above by attaching a patent titled, “Systems And Methods For Implementing Deterministic Finite Automata (DFAs) via A Blockchain”. The patent numbered WO 2018/078584 AI reads, “The invention relates to a technique for implementing, controlling and automating a task or process on a blockchain such 00 as, but not limited to, the Bitcoin blockchain. The invention is particularly suited for, but not limited to, automated execution of contracts 00 such as smart contracts for financial agreements.” When asked on Twitter about the patents that directly go against the JPM Coin, Wright clearly responded with ‘DFAs,’ suggesting that they are the centerpiece to his patent, which will help him stand against the large financial institution. As per the patent, a DFA is: “A DFA is a mathematical model of computation conceived as an abstract machine which can be in one of a finite set of states, and can change from one state to another (transition) when a triggering event or condition occurs. Its computational capabilities are more than those of combinational logic but less than those of a stack machine.” This week has been quite eventful for the nChain executive, who also got into a Twitter feud with WikiLeaks. The Julian Assange-run organization called Wright a “Serial Fabricator,” and even produced evidence to debunk his claim of being the real Satoshi. According to WikiLeaks, Craig Wright re-edited an August 2008 blog to falsely suggest his involvement in the cryptocurrency space. Wright has long maintained a negative outlook about Wikileaks, calling them a “fake news cesspool” and comparing its founder Julian Assange to Ross Ulbricht, the man behind Silk Road. The post Craig Wright calls out JP Morgan on JPM Coin; claims he holds the patent for what JPM plans to do appeared first on AMBCrypto.

a day ago

Bitcoin, Ethereum and MakerDAO predictions: What do the crypto-tokens hold?

American entrepreneur Kevin Rose took to Twitter to make some predictions on the directions that cryptocurrency might be heading. Rose, who engages with leaders in the industry through interviews, has experience in the tech field and has invested in companies such as Ripple, Blue Bottle, Medium, and Nextdoor. Starting off with Big Dog Bitcoin, Rose thinks the leading cryptocurrency will recover. 1. Bitcoin will recover and climb once again. Minor improvements in scaling won’t matter, its primary use case will be a store of value. — Kevin Rose ⛩ (@kevinrose) February 12, 2019 In November, Bitcoin fell from a figure ranging around $6500 by almost $3000; and has been hovering around $4500 and since December. For Bitcoin to recover, it will take a number of lasting, gains to see the coin gain traction to first recover, and then hold value. In his prediction, Rose likens Bitcoin to gold, saying that scaling will not matter as the use case “will be a store of value“. For this to be, Bitcoin price will become Bitcoin’s key factor. In his second prediction, Rose commented on Ethereum, saying he thinks it will rebound as the scaling is improved. 2. ETH will rebound when they improving scaling later this year. Smart contracts will have real utility. obviously. — Kevin Rose ⛩ (@kevinrose) February 12, 2019 Similar to Bitcoin, Ethereum dropped its value in November and has been struggling to regain since. Ethereum has managed to see a spike in both price and market cap but has not been able to recover fully yet. Rose believes that the leading altcoin will manage to pull up later this year when the scaling update is implemented, He added that smart contracts will see real use-cases (“obviously“). Smart contracts are fundamental in most ERC20 tokens and have been showing real utility for some time now. 3. @MakerDAO launching multi-collateral Dai is going to be a huge deal. Dai will likely 10x in marketcap (more Dai issued, not an increase in price). MKR will surge in price. — Kevin Rose ⛩ (@kevinrose) February 12, 2019 Rose’s third prediction regards the stablecoin MakerDAO. He thinks that the native token MKR will surge in price once the multi-collateral DAI is launched. Maker is sitting as the 16th ranked coin. In December 2018, Maker was the 22nd ranked token in terms of market cap. If the token continues in this trajectory, it is likely that Rose’s prediction will come to fruition and MakerDAO will climb in the ranks. The post Bitcoin, Ethereum and MakerDAO predictions: What do the crypto-tokens hold? appeared first on Coin Insider.

a day ago

Binance To Cease Trading of Five Tokens On Feb 22, Following Standard Failure

Announced on Feb 15, 2019, Binance cryptocurrency exchange is delisting the five cryptocurrencies on its platform. Accordingly, it will also cease the trading of those five tokens on all trading pairs as well. The move will come into effect on Feb 22, 2019. Tokens No Longer Meet The Level of Binance’s Standard One of the largest cryptocurrency exchange, Binance which currently stand with average marketcap of $475,898,758 is delisting CloakCoin (CLOAK), Modum (MOD), SALT (SALT), Substratum (SUB) and Wings (WINGS). The exchange would delist these coins and tokens on 22 Feb 2019 at 10.00 AM UTC. The move comes amidst the exchange’s review process for tokens to ensure they meet the high level of standard Binance has set. Consequently, the absence of such requisites by listed tokens will let Binance potentially delist after the prior in-depth review. Consequent to the delisting of these five tokens, all trade orders will also be removed automatically. Furthermore, Binance will support traders and crypto enthusiast in funds withdrawal from these coins until Feb 22, 2019, at 10.00 UTC. Moreover, it cautioned users not to select ‘Hide small assets’ in user’s fund page if they intend to view asset after Binance cease the trading of these coins. The official announcement states that; At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it. The review process of Binance includes the number of criteria- few mentioned by team Binance are as follows; The commitment of the team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical/fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem What’s your stake on Binance’s move to delist these tokens? share your opinion with us. The post Binance To Cease Trading of Five Tokens On Feb 22, Following Standard Failure appeared first on Coingape.

a day ago

Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS

Binance has announced that it will be delisting five digital assets in the next few days. All trading activities of the coins will cease on the 22nd of this month at 10 am (UTC). The five affected coins are as follows. CloakCoin (CLOAK) Modum (MOD) SALT (SALT) Substratum (SUB) Wings (WINGS) Reasons For Delisting Binance constantly reviews each digital asset on its exchange. Those that do not meet a set list of criteria are delisted . Crypto traders on the platform are given adequate notice to adjust to the changes. The team at Binance decides to delist a digital asset when the following is not met. Commitment of the team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical / fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem Withdrawals to Continue till 22nd May, 2019 All orders associated with the 5 cryptocurrencies will be automatically removed on the 22nd of February at 10 am (UTC). Traders who hold the five affected coins have until the 22nd of May to withdraw their digital assets out of Binance. Most Recent Delistings by Binance The five aforementioned coins are the first batch delisted by Binance this year. Last October, Binance delisted Bytecoin (BCN), CHAT, Iconomi (ICN) and TRIG due to similar reasons. Delistings Not Limited to Binance The third and fourth quarters of 2018 found many exchanges delisting several coins due to a variety of reasons such as low liquidity and lack of development progress from the teams responsible. In December, Huobi had placed 32 digital assets on probation due to insufficient trade volume. KuCoin also delisted 10 digital assets lin the same month due to reasons similar to those outlined by Binance. What are your thoughts on Binance delisting the 5 digital assets of CLOAK, MOD, SALT, SUB and WINGS? Please let us know in the comment section below. [Image courtesy of Unsplash.com] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS appeared first on Ethereum World News.

a day ago

XEM Rises From Crypto Ashes as NEM Foundation Soldiers On

News that a crypto project has to downsize and restructure is never good. The bear market has battered all but the extremely resilient and most organizations have had to tighten their belts somewhat. NEM Foundation Restructures, Reveals Debts The NEM Foundation has managed to rescue its project from crypto oblivion through a series of funding proposals and restructuring. At the end of last month the Foundation revealed that it had less than one month of funding remaining and that downsizing was inevitable. Following that news the token dumped 34% over the next ten days to a 2019 low of $0.034 (1010 satoshis). This week a further announcement was released with proposals for funding and joint collaboration between the two divisions of the organization, the Foundation and NEM Labs. A massive restructuring has started and the Foundation has called for a ‘proof of importance’ (POI) vote in support of a funding request from the community. The core of the project is now known as Catapult and it will become the new NEM engine for dApps and smart contract deployment. The team has painfully admitted and made public the level of debt and what remains for future funding of staff and development; “Yes, our team will be in debt once February expenses are paid ... Total potential expected debt if everything is fully paid for: ~$15,000- $50,000 USD ... We had 150 employees in 2018 and are projected to have ~54 employees (both fulltime and consultant) in 2019.” With a clear path forward though, the project has a chance of survival and those that remain with it are confident in the future for NEM. These results can already be seen in token performance today. XEM Market Reaction XEM is the top performing altcoin in the top twenty at the time of writing. It had made 8% on the day when it reached an intraday high of $0.044 (1230 satoshis) a couple of hours ago. Daily volume has doubled from $12 to $24 million with Binance being the top exchange for NEM trade. Over the past seven days XEM has made an impressive 22% climbing from $0.036 (1085 satoshis) this time last Friday to where it trades today. The longer term picture is not so pretty for NEM which has largely fallen out of favor along with most of the other crypto tokens that have dropped out of the top ten. Nobody could have envisaged a dump of over 97% from all-time high but the NEM Foundation has taken the right approach under the circumstances. Restructure, keep building, and soldier on though hard times. Image from Shutterstock The post XEM Rises From Crypto Ashes as NEM Foundation Soldiers On appeared first on NewsBTC.

a day ago

Cryptomillions

Cryptomillions Airdrop is worth 20 CPMS tokens (~$ 8). Share your referral link to earn 2 CPMS tokens (~$ 0.8) for each referral, with a maximum of 20 referrals. About Cryptomillions Cryptomillions is a lottery platform based on Blockchain and Smart Contract technology that provides the most fun, secure and transparent experience while contributing to social causes. Integrating traditional lottery players thanks to their fiat gateway. Using the Cryptomillions APP, players can play 24/7 worldwide and use their unique "Shake and Play" to pick numbers and WIN and donate to the cause they feel more connected to.

a day ago

Mycro launches Blockchain-Based Mobile application for Job Matching

Mycro a startup determined to revolutionize the freelance work market, has launched its blockchain-based mobile application for real-time job matching. Mycro takes advantage of the ubiquity of smartphones and the vast pools of workers and clients that need their services, to create highly efficient job matches. Specifically, Mycro makes life easy for those who do not have time to take care of some of their home duties such as mowing the lawn, walk the dog, or even purchase items from the local grocery store. Mycro provides a highly functional platform that connects those looking to manage their own time while also making extra income, with users in need of errand support. On the Mycro platform, users offer or apply for a vast array of short term jobs including home delivery, virtual and skilled services. Importantly, payments are held on a decentralized escrow service powered by smart contracts, and once the job is completed, the worker gets paid accordingly. Intricate Features of Mycro Real-time job matching: The Mycro platform employs intelligent and self-learning algorithms just like popular dating platforms, to connect suitable workers to job providers in real-time. Complete Trust: The platform uses decentralized rating systems and user verification options powered by smart contracts, to allow workers and job providers to enter into trustless transactions. Users entirely own their ratings on Mycro protocol, and they can decide to use them on other platforms as well. Meagre Fees: Due to the absence of third-parties, the Mycro platform charges workers only a meagre 2 percent fee, while jobs are posted free of charge. Commenting on the launch of the mobile app, CEO of Mycro, Andre Bruckmann reiterated that: “At Mycro, we strive to strive to create a time and money equilibrium for all. We believe everybody should have the opportunity to choose what they do for a living, even if it’s for the short term. Each job candidate should have control over when and for when and for whom they work for, and what their time is worth.” He also added that: “Our mission is to give every person access to a global marketplace that presents them with accessible employment options, no matter where they come from.” Mycro has also secured accounts with highly reputed banks, including Bank Frick and the lender will offer users a vast array of services like cold wallet storage, OTC trading and more. Website: https://www.mycrojobs.io/ Twitter: https://twitter.com/Mycrojobs Facebook: https://www.facebook.com/mycro.jobs/ LinkedIn: https://www.linkedin.com/company/mycrojobs/ The post Mycro launches Blockchain-Based Mobile application for Job Matching appeared first on ZyCrypto.

a day ago


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