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$0.0171
Market Cap $ 11.597 MM (#193)
24h Volume $ 2.711 MM
Chg. 24h: 13.73%
Algo. score 3.3/5  (#324)
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Streamr DATAcoin News

Ethereum Has Reached a New Milestone: 50 Million Registered User Addresses

As the cryptocurrency market continues to worry investors, Ethereum is enjoying a significant achievement. According to the latest data from Etherescan.io, Ethereum has surpassed 50 million unique addresses. While the value of Ethereum’s native token Ether is at an all-time low, the platform continues to grow. On average, the network sees at least 70K new […]

24 minutes ago

How the #MetaHash Blockchain is able to achieve Over 50,000 tx/s when VISA can only handle 24,000 tx/s

The speeds of the current blockchain solutions are not even close to today’s payment standards like Visa or PayPal. The major blockchains, such as Bitcoin and Ethereum, that have the largest amount of users among blockchain systems and the most developed ecosystems can’t even handle a network load of a few million concurrent users. Let’s take a look at the numbers: Bitcoin handles only 7 transactions per second. That’s not great for the biggest cryptocurrency with millions of users. Ethereum can process 15 transactions per second. That’s better, but let’s not forget that it hosts 2,191 decentralized applications and it got congested by CryptoKitties, which is only one popular dApp. It’s incapable of handling even two popular applications at this speed. Litecoin can handle 56 tps, however, its architecture is very similar to Bitcoin. During its tests, EOS was able to achieve nearly 3,000 transactions per second. It only has 101 dApps, which are used very rarely, so it didn’t have a chance to prove its speed. NEO supports 1,000 transactions per second, also doing this by assigning the task of transactions confirmations to 13 nodes; most of them belonging to NEO’s development team, making it similar to a centralized network. Source: https://www.blockchain.com/charts/avg-confirmation-time?timespan=180days So, the highest capacity a blockchain is able to achieve is 3,000 tps at cost of sacrificing decentralization. At the same time, Visa is able to handle 24,000 tx/second, so this should be taken as a standard for any cryptocurrency or blockchain network aiming to achieve mass adoption. So why are they all so slow? The unsolvable bottleneck problem The most popular blockchain networks can be divided into two categories: Proof-of-Work and delegated Proof-of-Stake. The way they handle transactions is totally different, but it limits the speed anyway and the place where the limitation occurs is called a bottleneck. Proof-of-Work (PoW) forces all miners to confirm the same transactions, so the whole network is busy solving the same algorithms; finding the necessary hash of the previous block to continue the chain. Thus the transaction speed depends on the size of the block and the size of a single transaction. With Bitcoin it takes 10 minutes to mine a block (that’s a fixed average time) and the difficulty is artificially adjusted in such a way that mining 2,016 blocks takes two weeks. The same issue is found with Litecoin and Ethereum - PoW blockchains can’t scale well. If the network would try to calculate some blocks simultaneously, dividing all miners to a few groups, it would become vulnerable to a 51% attack, because it would become easier to overtake each individual group, requiring less resources than attacking a whole blockchain. Source: https://data.bitcoinity.org/bitcoin/block_time/5y?f=m10&t=l The delegated Proof-of-Stake (dPoS) consensus model is faster than PoW, but this speed is achieved simply by switching the load from all nodes to a very limited amount of nodes with powerful hardware. Technically it’s a blockchain, but it’s actually very close to a simple database. The dPoS blockchain is limited by the hardware used by its main nodes. In the case of EOS, 21 nodes can handle 3,000 transactions per second. If they buy more powerful equipment, they probably could be able to handle more, but they have a limit that is yet untested. To achieve higher scalability, the blockchain should be built around a different consensus model and there are some alternatives out there. What is #MetaHash? #MetaHash is a new highly scalable blockchain network for payments and decentralized applications that is optimized for a constant high load. It uses three technologies - #MetaPoS, #MetaSync and #TraceChain - to overcome the obstacles that limit the performance of the current blockchain networks and solve the problems of nodes centralization and block distribution. It achieves this by creating network maps, assigning dynamic roles to various nodes, and implementing a fragmented cryptographic proof as opposed to waiting for confirmation from every node. All these features combined allow for a network to reach speeds of 50,000 transactions per second and have a block confirmation time of 3 seconds. That’s enough to handle the volume of two VISA networks plus that of PayPal. It’s also that’s enough to sustain any project requiring a high load, like an online game or a social network. Source: https://static.metahash.org/docs/MetaHash_YellowPaper_EN.pdf?v=4 #MetaPoS consensus model It’s a consensus model, an improved dPoS that incorporates five different roles for nodes that validates the transaction on five layers. It provides protection against network corruption, because the structure can be changed anytime if some nodes will become malicious, and gaining control of any layer doesn’t provide control over the blockchain. The roles are assigned dynamically according to physical properties, such as memory, CPU pe

30 minutes ago

Blockchain Developer Is the Fastest Growing Job in the US, LinkedIn Report Reveals

The LinkedIn 2018 Emerging Job Results showcased the employment opportunities developing most quickly for US-based professionals. This year, the results suggest that blockchain developer is the fastest growing job in the country, followed by machine learning engineer. The exponential growth in the blockchain development market could be fueled by the rise in the use of blockchain technology, especially amongst tech giants. Who Is Looking for Blockchain Developers? The job for blockchain developer experienced 33x growth in 2018 and companies like IBM, Chainyard and ConsenSys are on the lookout for these experts. The top skills in demand are Solidity (the language used by Ethereum), blockchain, Ethereum, cryptocurrency, and Node.js. The industries looking for these developers are information technology & services, internet, and computer software. The demand is highest in San Francisco, New York City and Atlanta. The second highest job demand is for machine learning engineers, which experienced 12x growth this year. Employers like Intel, NVIDIA, and Apple, are looking for skills like machine learning, deep learning, NLP, Apache Spark, and Tensorflow. The demand for machine learning engineers is high in San Francisco, Denver, and Austin. Companies like Oracle, Avaya, and AT&T are looking for application sales executives, a job which experienced 8x growth this year. The demand is high in cities like Boston, Austin, and Minneapolis-St. Paul. The top skills required for the job are SaaS, solution selling, cloud applications, and human capital management. Machine Learning and Data Science Explosion Many of the jobs on the LinkedIn list are related to machine learning and data science which suggests that these sectors will experience explosive growth in the years to come. LinkedIn also commented that artificial intelligence is here to stay and there will be continued growth in fields related to AI. LinkedIn wrote: “This year, six out of the 15 emerging jobs are related in some way to AI, and our research shows that skills related to AI are starting to infiltrate every industry, not just tech. In fact, AI skills are among the fastest-growing skills on LinkedIn, and globally saw a 190% increase from 2015 to 2017.” Blockchain Developer Is the Fastest Growing Job in the US, LinkedIn Report Reveals was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

33 minutes ago

Blockchain Developer Fastest Growing Job in the US, LinkedIn Report Reveals

The LinkedIn 2018 Emerging Job Results showcased the employment opportunities developing most quickly for US-based professionals. This year, the results suggest that blockchain developer is the fastest growing job in the country, followed by machine learning engineer. The exponential growth in the blockchain development market could be fueled by the rise in the use of blockchain technology, especially amongst tech giants. Who Is Looking for Blockchain Developers? The job for blockchain developer experienced 33x growth in 2018 and companies like IBM, Chainyard and ConsenSys are on the lookout for these experts. The top skills in demand are Solidity (the language used by Ethereum), blockchain, Ethereum, cryptocurrency, and Node.js. The industries looking for these developers are information technology & services, internet, and computer software. The demand is highest in San Francisco, New York City and Atlanta. The second highest job demand is for machine learning engineers, which experienced 12x growth this year. Employers like Intel, NVIDIA, and Apple, are looking for skills like machine learning, deep learning, NLP, Apache Spark, and Tensorflow. The demand for machine learning engineers is high in San Francisco, Denver, and Austin. Companies like Oracle, Avaya, and AT&T are looking for application sales executives, a job which experienced 8x growth this year. The demand is high in cities like Boston, Austin, and Minneapolis-St. Paul. The top skills required for the job are SaaS, solution selling, cloud applications, and human capital management. Machine Learning and Data Science Explosion Many of the jobs on the LinkedIn list are related to machine learning and data science which suggests that these sectors will experience explosive growth in the years to come. LinkedIn also commented that artificial intelligence is here to stay and there will be continued growth in fields related to AI. LinkedIn wrote: “This year, six out of the 15 emerging jobs are related in some way to AI, and our research shows that skills related to AI are starting to infiltrate every industry, not just tech. In fact, AI skills are among the fastest-growing skills on LinkedIn, and globally saw a 190% increase from 2015 to 2017.” Blockchain Developer Fastest Growing Job in the US, LinkedIn Report Reveals was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

41 minutes ago

Blockchain Technology Can Solve User Data Privacy Issues

Lucy Wang believes that blockchain technology holds the key to the actualization of robust data security for the digital landscape. The Lambda co-founder made the call recently while talking about the recent Marriott Hotel data breach. Data Breaches Aplenty Breaches that end up compromising user data aren’t a new phenomenon on the internet. Almost every website with a significant volume of user information has fallen victim to hackers and other cybercrime syndicates. Recently, Marriott International Hotel Group became the latest prominent name to admit being victims numerous data breaches. A statement released by the company said that as many as 500 million customers had been affected by multiple hacks beginning in 2014. By the company’s admission, hackers successfully compromised user information such as credit card details, addresses, and even passport information. How could this happen? Well, all that data found its way unto centralized servers, providing a single point of failure that could be exploited by agents on the internet. There are many within the decentralized technology landscape like Wang who believes that blockchain technology offers a solution to this problem. However, before going into such details, why should we even care? Data is Valuable Data is the currency of the digital economy, and as such, data is valuable. However, the present construct of the internet places user data in the hands of corporations that can pretty much do whatever they like with our precious information. They can sell them to the government (for surveillance) or to other companies (for targetted advertisements) both of which are horrible exploitation of user privacy. In the process of shopping, browsing websites, watching YouTube videos, reading various social information on the e-commerce platform, the algorithm will secretly monitor our behavior, and also collect our various data. In a sense, “data and the algorithm “knows” us more than ourselves. They know that we prefer juice or cola, we like beautiful models or men with eight packs of abdominal muscles. Like this Marriott case also shows that under certain circumstances, “data and algorithms” could have the “control right” of our wealth. Data giants such as Google, Apple, Facebook, Tencent, Alibaba, and Baidu attract their attention by providing various information, services, and entertainment. And hotel giants like Huazhu and Marriott have our personal information and even bank card information. We have also seen that these “centralized” giants have used our data to earn hundreds of billions of dollars. We are not at all equal to the “centralized” giants. Adopting Blockchain For Data Security Under the centralized network, the giant almost has all of our private data, and the centralized internet has already relied heavily on the main-net. Whether it is academic or technical, these problems cannot be solved perfectly. In recent years, with the blockchain concept deeply rooted in people’s minds, the need to build a new decentralized network capable of subverting traditional client/server has gained more and more recognition. However, most of the existing public chains are “ineffective” for data storage, TPS deficiency, cross-chain issues, governance issues, application development issues, etc. The nature of the blockchain is decentralized distributed ledger, and the data that can be stored is minimal (simple transaction records), other data cannot be efficiently stored. Therefore, in the absence of underlying data support, the actual use of the blockchain is significantly limited. More specifically, the decentralized storage of data is the most critical part of the future application of the blockchain. To provide useful solutions to the problem, blockchain technology must of necessity, evolve with more robust and advanced features. Part of this improvement has to come at an algorithmic level like exists in projects like Lambda, with its Provable Data Possession (PDP) and Proofs of Retrievability (POR) protocols. Recently, Ethereum World News reported the Project’s launch of the first ever Proof of Space-Time (PoST) protocol on GitHub. For Lucy Wang, the hope is that stakeholders become aware of the need to implement blockchain in data security frameworks to prevent further largescale data breaches. Images courtesy of Shutterstock. The post Blockchain Technology Can Solve User Data Privacy Issues appeared first on Ethereum World News.

2 hours ago

Switzerland Working on Major Changes to Develop Pro-Crypto and Blockchain Legal Framework

The Swiss government has recently announced that it would take a new direction regarding its position on the use of cryptocurrencies and blockchain technologies, working out a strategy to create an appropriate legal framework to allow such technologies to flourish. In an official report released this Friday, the government recognized the importance of blockchain technologies as critical tools to promote the development of the country’s economy: “(Blockchain Technologies are) among the remarkable and potentially promising developments in digitalisation. It is predicted that these developments have considerable potential for innovation and enhanced efficiency, both in the financial sector and in other areas of the economy. Switzerland: Using Crypto and Blockchain Technologies to Boost Its Economy The strategy seeks to incorporate the use of tokens in various sectors of the country’s politics and economy. One of the most significant proposals tries to clear away regulatory hurdles for trading securities (such as shares, bonds or real estate) on blockchain platforms. Switzerland is one of the most important blockchain hubs in Europe. Not only have a significant number of startups with several hundred million dollars in investments been established, but the Swiss Central Bank itself has shown interest in the use of cryptocurrencies to promote the national economy. The measures announced by the Swiss government attracted a positive reaction from investors and users. One example is Mattia Rattaggi, member of the Crypto Valley Association, who shared his impressions via email : We feel that this approach best represents the principle of technological neutrality and is in line with the position taken by the CVA in the consultation process ... Crucially, this approach ensures maximum consistency within the current legal framework while keeping it principle-based and flexible, while allowing changes to be adopted on a ‘need-to-regulate’ basis. What is Switzerland Trying to Do? According to Swissinfo, the innovations proposed by the Swiss government are quite numerous and will subsequently require hard work on the part of Swiss legislators to be shaped up as a holistic policy and not merely isolated changes: Amend company bankruptcy laws to recognise data as an asset. This would allow courts to handle purely digital assets, and make sure they go to the right creditor, when sorting out insolvent firms. Amend the Banking Act along the same lines as above in the case of a financial institution going bankrupt. Amend the scope of the Anti-Money Laundering Act to cover decentralised exchanges with the power to dispose of third-party assets. Create a “new authorisation category” for blockchain securities traders and exchanges to give FINMA discretion to apply a lighter touch when assessing the activities of such entities. Amend the Financial Market Infrastructure law and the Financial Institutions Act to “create more flexibility” for blockchain/DLT applications. The finance ministry is already looking into a Collective Investment Schemes Act amendment to include a new category of funds (limited qualified investment funds L-QIFs) so that “new innovative products could be placed on the market more quickly and cost-effectively in the future”. No immediate changes to financial laws for the insurance industry are immediately foreseen as blockhain/DLT is in its “infancy” in this sector. The report also sees no reason to change any legislation with regards to cryptocurrencies. The post Switzerland Working on Major Changes to Develop Pro-Crypto and Blockchain Legal Framework appeared first on Ethereum World News.

2 hours ago

CEO of Coinflux Exchange Accused of Fraud and Money Laundering

Vlad Nistor Vlad Nistor, CEO of Coinflux, was arrested by local authorities in his native Romania after the United States launched a formal investigation charging him with several crimes against American citizens. According to local media, Ziar de Cluj report, in a loose translation, MrNistor used other online platforms to scam people via fraudulent sales and get personal information about the victims. Coinflux is not mentioned as a part of the scams: “Two of these methods were run online via phishing or through various fictitious sale ads (via Ebay or via online platforms.) For example, Romanians were sending e-mails using instant messaging programs or phone numbers where the user is advised to give confidential data to win certain prizes or was informed that they are necessary due to technical errors that led to loss of original data. A web address containing a clone of the site of a financial or trading institution was indicated in the e-mail.” Coinflux is one of the most important exchanges in Romania, Mr. Nistor’s country of origin. According to data provided by the platform’s own website, so far more than 201 million Euros worth of cryptocurrencies have been traded in more than 203,000 transactions made by the nearly 20k registered users of the platform. A Short Recount of What Happened According to local media, the U.S. Justice Department accused Coinflux’s CEO of running a fraud scheme, committing computer fraud, leading an organized crime group and money laundering. Nistor was preemptively detained while awaiting a decision by the Bucharest Court of Appeals regarding his extradition. Shortly after his arrest, the judges of the Bucharest Court of Appeals denied the extradition requested by the United States. Nistor was released under judicial control for a period of 30 days. Nistor’s arrest affected the proper functioning of the platform. According to an article published on the Exchange’s official blog, Coinflux’s team mentions that due to the procedure under which its CEO is located, operations on the platform were temporarily interrupted: “Unfortunately, our company’s bank accounts have been frozen, situation which affects the CoinFlux wallets as well. We are doing all possible efforts, along with our legal advisers, to make sure everyone who had money deposited in CoinFlux wallets gets it back. Another unpleasant consequence of the investigation is the fact that our access to some parts of our platform has been restricted; thus we are unable to send this announcement through the usual communication channels: e-mail and website. Our expectation is that we will gain control back, within the next days.” Until now it seems that Mr. Nistor’s situation has been clarified; however, there is still some uncertainty regarding the future of the platform. In a post published yesterday, the platform announced that it was taking action with the aim of refunding the funds to the bank accounts of its users. The post CEO of Coinflux Exchange Accused of Fraud and Money Laundering appeared first on Ethereum World News.

2 hours ago

Como irá funcionar a Binance DEX?

Por: Livecoins A Binance desde que iniciou em 2017 já proporciounou várias novidades aos investidores do seu projeto, está disseminando o aceite da Binance Coin e pretende criar uma DEX também. As vantagens das DEX que existem atualmente são inúmeras em comparação ao modelo de Exchanges Centralizadas, principalmente no quesito segurança aos usuários. Além disso, o famoso KYC (Conheça seu cliente) não é uma prática comum em exchanges descentralizadas, o que faz com que transações nestes ambientes sejam mais anônimas e privadas. Porém, um dos problemas das operações em funcionamento seria a falta de volume, o que poderia indicar duas coisas: os traders ainda não entenderam o modelo de negócios dessas plataformas, ou simplesmente não querem utilizar tais ambientes. Mas com o anúncio da Binance de vir com a sua própria ferramenta descentralizada, o mercado já corre para tentar entender o que irá acontecer no futuro do setor, e um dos pontos seria que a operação pode não ser totalmente descentralizada. A Exchange Descentralizada (DEX) da Binance ainda não está totalmente clara para a comunidade cripto, mas provavelmente fará uso da sua nova blockchain que já anunciou que será criada, chamada de Binance Chain. Além disso, a mesma está sendo chamada por alguns na mídia como um projeto “Híbrido”, que irá mesclar entra a centralização e a descentralização. Não se sabe até o momento se a mesma irá cobrar taxas de listagens de altcoins na plataforma, uma prática comum da exchange. Além disso, não se sabe também se será implantado o modelo de KYC na nova plataforma, o que caso se concretiza poderia tirar a privacidade das operações no ambiente. Cabe um destaque que há rumores de que a Binance Chain utilizará um algoritmo de consenso compartilhado com a NEO, e que já foi acusado de fazer com que esta última seja um protocolo centralizado. Como a exchange detám a maior de seu token Binance Coin (BNB) e o mesmo será transferido para a blockchain própria quando a mesma for criada, fará com que o controle da maior parte dos ativos também seja centralizado. Por fim, a Binance anunciou na data 17 de dezembro as últimas novidades e falou sobre a DEX, segue abaixo um preview para os mais curiosos lançado no último dia 04 de dezembro. Isso faz com que o modelo de DEX que a Binance está propondo seja nutella, e não raiz como o mercado cripto gostaria que fosse. O artigo Como irá funcionar a Binance DEX? apareceu primeiro em Livecoins.

2 hours ago

We definitely need a solution for secure #identity managemen...

We definitely need a solution for secure #identity management. The almost daily hacks and data breaches are unaccep… https://t.co/sHpjDQbwW2

3 hours ago

Hi Max, the current circulating supply is around 2.5 billion...

Hi Max, the current circulating supply is around 2.5 billion. You can always check the data on @CoinMarketCap… https://t.co/aW3bl67FZj

4 hours ago

BTC/USD Price Analysis: “Bitcoin Least Speculative Investment A Person Can Make”- Weiss Ratings

Latest Bitcoin News The Chaos Theory and the Butterfly Effect put forth by Edward Lorenz has been once again demonstrated. Predicting prices of volatile assets especially in an emerging field as crypto is but daunting. Read: CoinDesk Advisor: Crypto, Bitcoin (BTC) Valuation Models Are Wrong Yes, the parabolic rise to last year’s highs did pump participants and so pumped were they that the fall was unexpected. Pundits, fans, trolls and crypto experts were side-stepped and their predictions were horribly wrong. The truth is, the butterflies are having a field day establishing with great accuracy that you never really know what the future holds. Add this to the evolution, regulatory involvement and the global nature of crypto, and the pressure to be right is insurmountable. After 83 percent drops, Weiss Ratings—a US firm whose primary role is to provide traders and investors with valuable data and insights in the investment and finance Industry, is changing tune and Bitcoin is back in focus. After months of praising XRP, they are now recommending Bitcoin to their followers. #BTC is getting to such low levels that it’s becoming one of the best buying opportunities of the year. As a store of value, #Bitcoin is here to stay. We truly think it’s the least speculative investment a person can make in #crypto right now. — Weiss Ratings (@WeissRatings) December 11, 2018 In a tweet, the firm said BTC spot price has made it the “best buying opportunities of the year”. And as a store of value, the coin is here is to stay and is “least speculative investment a person can make”. They may or may not be right. But whether Bitcoin is finding support and bottoming up depend on how it reacts at key support and resistance levels. Also Read: Germany’s Second Largest Stock Exchange To Develop Crypto Trading Platform. TD Ameritrade Exploring the XRP Space BTC/USD Price Analysis Still, BTC is stable above the all important $3,000 mark. There are hints of higher highs and BTC is up one percent against the USD in the recent 24 hours. At spot prices, our last BTC/USD trade plan is valid as long as this consolidation persists. Trend and Candlestick Formation: Ranging, Bear Breakout From a top down approach, the path of least resistance is crystal. Sellers are in control and after crashing below $6,000 and $4,500 in a bear breakout pattern—clear in the weekly chart, conservative and long term type of traders need to see strong movements above these levels before committing. Nonetheless, at spot prices, BTC/USD is range bound between $3,200—Dec 15 floors and highs of Dec 8-$3,700—800. Unless otherwise there are gains above $3,400 BTC could flunk, dropping to $3,000 or lower more so if there are sharp losses below last week’s lows. Volumes: Bullish Aside from the ecstatic volumes of Dec 6-7, a standout in recent days has to be Dec 8 bar. While it did reject lower lows complete with strong volumes—17k versus 8k average, BTC/USD prices are still moving within its high low. As it is, losses below $3,200 will invalidate Dec 8 bulls while gains above $3,400 shall cement bullish proposals allowing first wave of buyers to load up aiming at $3,700. Ideally, if there is price expansion today with volumes exceeding Dec 16, 0300 HRs volumes—5k, then buyers may retest $3,700-800 by the end of the week. Conclusion If our trade conditions are met and BTC find support above $3,200, then our trade plan will be as follows: Buy: $3,400, $3,700 Stop: $3,200, $3,400 Targets: $3,700, $4,500 All charts courtesy of Trading View. This is not investment or Financial Advice. Do your own Research. The post BTC/USD Price Analysis: “Bitcoin Least Speculative Investment A Person Can Make”- Weiss Ratings appeared first on Ethereum World News.

4 hours ago

7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC

CoinSpeaker 7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC Coinbase decided to use 12 Days of Christmas promotion as their opportunity to promote their offerings and possibilities for their clients. The exchange launched its new 12 Days of Coinbase initiative and is publishing new features and services every day. USDC was introduced to the crypto and trading community by the CENTRE Consortium: a joint venture co-founded by Circle and Coinbase. The main goal of the stable coin was to establish a standard for fiat on the internet and provide a governance framework and network to foster global, mainstream adoption of asset-backed stablecoins. USDC is an ERC20 token. On November 21, Circle revealed the first attestation report for its USD Coin. The report was prepared by one of the largest accounting firms in the U.S, Grant Thornton LLP. It is said that this report for the stablecoin is just the first one in a row of reports that will be prepared on a monthly basis. In Coinbase they claim that for customers with a US dollar bank account, 1 USDC can always be redeemed for US$1.00, giving it a stable price. Each USDC is backed by one US dollar, which is held in a bank account. USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet, like Coinbase Wallet. They say they chose the Ethereum blockchain for USD Coin because of its status as the market leading smart contract platform and strong support from developers. They said: “USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people. Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USD Coin allows unbanked and under-banked individuals in any country to hold a US dollar-backed asset with nothing more than a mobile phone.” Why is It Beneficial? Unlike regular US dollars, USD Coin doesn’t require a bank account. It doesn’t require that you live in a particular geography. And you can send USD Coin around the world at an extremely low cost in just a few minutes. This opens a lot of possibilities. Being programmable unlocks a whole new world of applications and businesses: developers can create accounts to store money with one line of code; lending that is faster, cheaper, and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable donations to charity. Unlike Tether, USDC operates in a much more transparent and trustworthy manner. The most practical application of a stable coin is the ability to move funds between exchanges quickly, and without having to worry about a change in value during that time. Moving US Dollars between a cryptocurrency exchange and the bank can take several days. Moving dollars between two exchanges also is rife with complications and delays. Bitcoin is quicker but can be very volatile. In November this year, Binance also announced that it was renaming its Tether (USDT) market to a combined Stablecoin Market (USDⓈ). The exchange explained that the move was to support more trading pairs with different stable coins as a base. The exchange went on to clarify that the new category is not a new stablecoin in itself. “Please note that USDⓈ is not a new stablecoin: it is the symbol of Binance’s new stablecoin market.” Since then, the exchange has added Paxos Standard Token (PAX) and TrueUSD (TUSD) to the new stablecoin market. According to the data provided by CoinMarketCap, at the press time, there are 201,803,383 USDC tokens in circulation with a total supply of 202,961,459 USDC. Let us also remind that in October USDC was listed by Coinbase which made it the first stablecoin supported by the exchange and the second ERC-20 token after the 0x token available for trading. 7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC

4 hours ago

Bitmain’s landmark plan to list on the Hong Kong Stock Exchange in doubt

Chinese bitcoin mining giant Bitmain is facing growing resistance to its public offering application with the Hong Kong Stock Exchange (HKEX) due to market uncertainty, Coindesk reported. Bitmain applied to sell shares on the HKEX earlier this year following the crypto boom of 2017, making it the first crypto startup seeking to go public. Fellow mining companies Canaan Creative and Ebang also applied. However, the bear market has reportedly made the exchange “hesitant” to list companies whose survival depend on such a volatile space, with Canaan Creative’s application having already expired after the HKEX or Hong Kong’s financial regulator failed to sign off. “The exchange is very hesitant to actually approve these bitcoin mining companies because the industry is so volatile. There’s a real risk that they could just not exist anymore in a year or two,” said Coindesk’s anonymous source. Bitmain did not publicly disclose its financial data for the third quarter of this year amid the crypto price-plunge but is required to share any significant drops in revenue to the exchange. The HKEX spokesperson could not comment on individual applications and Bitmain declined to comment, citing its pre-IPO quiet period. The post Bitmain’s landmark plan to list on the Hong Kong Stock Exchange in doubt appeared first on The Block.

4 hours ago

Facebook Levies an Army of Blockchain Devs: New Crypto Economy on the Way?

CoinSpeaker Facebook Levies an Army of Blockchain Devs: New Crypto Economy on the Way? At the beginning of 2018, Facebook, the leading company in the world of social networks, had quite mixed relationships with blockchain. When the year started, the giant followed Google in banning all advertisements relating to crypto, blockchain and initial coin offerings (ICOs). However, things seem to have changed. In April, the company formed its blockchain unit and partnered with the former president of PayPal David Marcus, who became the head of the blockchain team. Currently, Facebook is actively looking for fresh talents to welcome to growing blockchain team. The company seeks for a data scientist, a data engineer, a couple of software engineers and a product marketing lead to manage the project. As Cheddar reported, nearly 40 employees are already working in Facebook’s secretive blockchain group, among them are figures who have worked on Google Pay and Samsung Pay. Kevin Weil, the former Instagram product chief, and James Everingham, the head of engineering at Instagram, have also joined Facebook’s DLT-focused research group. Geoff Teehan, who used to work on Facebook’s News Feed, has been appointed the director of product design for Blockchain at Facebook. Currently, the work of the blockchain team is kept in secret. Some are speculating that Facebook could be seeking to put pertinent segments of its social media platform on blockchain technology. A spokesperson for the company commented: “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.” Cheddar’s Alex Heath believes that the company has intentions to launch a decentralized digital currency that would enable its 2 billion users around the world to make electronic payments without the need for a traditional bank: “They’ve been very quiet about what they’ve been working on, very stealthy, but it’s definitely going to be a kind of blockchain-based cryptocurrency payments product. They’ve already got policy people in D.C. to ramp this up.” “They’re actively, actively recruiting. They’re also trying to scoop up crypto start-ups that are at the white-paper level, which means they don’t really even have a product yet,” he further added. also talked Facebook Blockchain with @lisahopeking / @thebradsmith on @cheddar yesterday — top takeaways are that FB's brand is a problem for recruiting in the space and it's going to likely do meaningful M&A to achieve its goals pic.twitter.com/nVoiqnZ9HG — Alex Heath (@alexeheath) December 14, 2018 According to Heath, the crypto ecosystem of Facebook is still in its infancy. “The talent in this industry is so finite, and there are so many big players wanting these talented cryptographers and academics. So Facebook is going really hard at them. And they’re having difficulty.” Facebook to Win Trust Back Recently, Facebook has had a lot of trouble because its numerous recent data-privacy scandals that have eroded the public’s trust in the corporate juggernaut. Both users and employers are expressing concern over how their private data will be distributed. According to Heath, the problem has led to an increased interest in blockchain: “So the idea of Facebook creating a cryptocurrency and a digital economy within its ecosystem is either incredibly exciting — if you talk to some people — or one of the scariest things in the world if you talk to others. It’s very polarizing, but they are actively building this up. I think we can expect to see Facebook buy some companies up in the crypto space in the next year.” Speaking on the matter of a cryptocurrency or digital asset backed by Facebook, Drew Hinkes of New York University said: “They have a massive installed user base... They probably are looking at China and seeing how popular mobile commerce has been there and wondering why we can’t do that.” Yes, the plans of Facebook are obviously very ambitious. Facebook Levies an Army of Blockchain Devs: New Crypto Economy on the Way?

5 hours ago

First Time Ever Ethereum Price Surpasses Bitcoin Cash

CoinSpeaker First Time Ever Ethereum Price Surpasses Bitcoin Cash For the first time ever, (or after the hard fork), the price of Ether has surpassed that of Bitcoin Cash. Among all other crashes in crypto world, this is now the latest negative milestone in a few weeks for the world’s fourth-largest cryptocurrency by market capitalization. According to data from CoinMarketCap, Ethereum traded at $86,76, while Bitcoin Cash traded at $83,07 at the time of writing. With the crypto markets underperforming for over a year now, the questions are haunting all investors: what is happening to the market? Where to go from here? If you are one of the pride owners of Ethereum and are wondering if Ethereum price will rise again, then you should be careful and go through some of the predictions made by market experts. Ethereum’s co-creator Steven Nerayoff has famously said that Ether’s market capitalization will reach USD 110 billion from the current USD 9,034,496,452 (at the time of writing). The reasoning behind Nerayoff’s prediction is that the amount of products being built on the Ethereum Blockchain is increasing by the day. It is also essential to know the cons and pros of Ethereum to understand where the cryptocurrency stands in the market. deVere Group, a consulting firm, has released the prediction of Ether at USD 2,500 by the end of this year. In October, Nigel Green, founder and CEO of deVere Group, one of the world’s largest independent financial advisory organisations, which launched deVere Crypto, the pioneering cryptocurrency app earlier this year, forecasted the future of the world-changing. He then said: “Another one to dent Bitcoin’s market share over the next few years, would be its current main challenger Ethereum. This is because a growing number of platforms are adopting Ethereum as a means of trading; there’s an increasing use of smart contracts by Ethereum; and due to the decentralization of cloud computing.” As per deVere, there will be a further hike in the price of Ether in the year 2019 and 2020. The reasoning behind deVere’s forecast is also the same- increased use of the open-source, public, blockchain-based distributed computing platform. Ongoing Development in Ethereum to Transform the Payments Industry? Polychain Capital’s CEO, Carlson-Wee, seconds Ver’s opinion of Ethereum surpassing Bitcoin. Last year, he was largely placing a bet that Ethereum, would win out; more than one-quarter of Polychain’s main fund was invested in Ethereum, according to its most recent audit. In communications this year with investors, the firm defended its performance as better than the crypto market at large. He still thinks that the ongoing development in Ethereum will transform the payments industry to deliver new ways of storing wealth. Investors in the fund credit a shift from assets such as Ethereum into less-liquid, more stable stakes in crypto companies internationally. That’s a less-volatile bet but one that’s harder to get out of in the case of an extended decline. Giving an interview at the Ethereum Industry Summit conference in Hong Kong in September, Vitalik Buterin, co-founder of Ethereum, said: “The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.” It’s interesting though that last month, cryptocurrency entrepreneur Jeremy Rubin wrote the Tech Crunch article stipulating the price of ETH and that it is bound to plummet. Vitalik Buterin agreed to the piece wrote on Reddit, “In Ethereum as it presently exists, this is absolutely true.” In the article, Rubin argues that Ethereum has problems with scaling and smart contract security. It is leading to the inability of outdoing the competitors and all of this will inevitably lead to the collapse of Ethereum (ETH) by “economic abstraction.” The phrase ‘economic abstraction’ is used for describing the transaction payment or smart fee (gas) in some token that’s not Ethereum Network’s native token. It means that instead of paying gas in ETH, a smart contract owner would pay in the token that’s native to their contract that’s likely based on ERC-20 standard. According to Rubin’s argument, if all owners of smart contract pay in ERC-20 tokens instead of ETH, it would result in decreasing the value of the asset or make it valueless. Vitalik even revealed the two proposals. The first one being: “Instead of paying for Gas in ETH, we could make every BuzzwordCoin transaction deposit a small amount of BuzzwordCoin directly to the block’s miner’s address to pay for the contract’s execution. Paying for Gas in a non-ETH asset is sometimes referred to as economic abstraction in the Ethereum community.” Another one is: “...average gas usage is targeted to 50% of a (2x higher than today) gas limit, using a self-adjusting minimum transaction

5 hours ago

Ripple Price Analysis: XRP Near Crucial Juncture, Can Buyers Make It?

Key Highlights Ripple price is setting up for the next break either above $0.3000 or below $0.2800 against the US dollar. There is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair (data source from Poloniex). The pair is likely to climb higher if there is a successful break above the $0.3000 resistance. Ripple price is sighting a bullish break above $0.3000 against the US Dollar. Conversely, XRP might dive sharply if there is a break below the $0.2800 support. Ripple Price Analysis In the last analysis, we saw a significant breakout pattern below $0.3200 in ripple price against the US Dollar. The XRP/USD pair failed to move higher and it declined below the $0.3000 support level. The price even broke the $0.2900 level and remained below the 55 simple moving average (4-hours). A new monthly low was formed at $0.2830 and later the price recovered a few points. On the upside, an initial barrier for buyers is near the $0.3000 level. Besides, there is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair. Above the trend line, the 55 SMA is positioned near $0.3040. Finally, the 23.6% Fib retracement level of the last decline from the $0.4102 high to $0.2830 low is at $0.3130. Therefore, if the price breaks the $0.3000 barrier, there could be more gains towards $0.3130 and $0.3200. The next major resistance is the 50% Fib retracement level of the last decline from the $0.4102 high to $0.2830 low at $0.3466. Looking at the chart, ripple price is clearly near a crucial juncture below $0.3000. XRP could either break the $0.3000 resistance and trade towards $0.3200 or decline below $0.2830 in the near term. Looking at the technical indicators: 4-hours MACD - The MACD for XRP/USD is still in the bearish zone. 4-hours RSI (Relative Strength Index) - The RSI for XRP/USD is just above the 40 level. Key Support Level - $0.2830 Key Resistance Level - $0.3000 The post Ripple Price Analysis: XRP Near Crucial Juncture, Can Buyers Make It? appeared first on Live Bitcoin News.

6 hours ago

Ethereum Hits Address Milestone But Activity and dApp Usage Down

Latest data indicates that Ethereum has reached a milestone in terms of unique addresses surpassing 50 million. While this news is a good sign for growth the actual number of active addresses has declined quite substantially. 50 Million Ethereum Addresses Metrics from etherscan indicates that Ethereum crossed 50 million addresses over the weekend. During its peak in early January Ethereum recorded the highest increase of unique addresses added per day 352,888 on the fourth. Conversely its lowest number was 41 on August 6, 2015. So even during a massive bear market unique Ethereum addresses were still being made and growing. Further research carried out by The Block indicates that active addresses are falling and have dropped almost 70% since their peak. Citing figures from Coinmetrics, the peak of activity for Ethereum addresses was on January 16, 2018 at 719,093. It defines activity as “the number of unique sending and receiving addresses participating in transactions on the given day.” This had now fallen to 232,085 by December 15. The percentage of active addresses out of all Ethereum addresses is currently 0.46%, down from around 3.5% seen in January. Hashrate and dApp Usage Down Since mid-November Ethereum hashrate has also plunged and it is now back to the same levels witnessed during peak times at the beginning of the year. The demand for dApps and ERC20 tokens has fallen with prices this year so these figures are not surprising. According to dappradar daily users of ETH dApps has been in steep decline since mid-October. The current number of users is 7,434 compared to around 17,000 just two months ago. Early July saw the lowest figure this year at 4,215. The continued liquidation of Ethereum from ICO projects is keeping prices on the floor. According to recent figures 416,000 ETH has been sold in the past month leading to further slide in prices. Ethereum Market in Pain At the time of writing Ethereum was trading at $85, down a whopping 94% since its all-time high of just over $1,400 in January. Market cap has dropped below $10 billion for the first time since May 2017. This has allowed Ripple’s XRP to surpass it and take and hold second spot with a market cap of just under $12 billion. The lowest point for Ethereum this year was on December 15 when it fell to $82.83, a price not seen for over 18 months. Over the past seven days Ethereum has fallen 9.5% and looking back over the past month it has dumped over 50% of its value. There are a number of improvements slated for the project which will do wonders for its scalability which is the main thing holding back adoption at the moment. Once these are rolled out and the bears start to go into hibernation Ethereum will be back on the up again. Image from Shutterstock The post Ethereum Hits Address Milestone But Activity and dApp Usage Down appeared first on NewsBTC.

6 hours ago

Kaspersky Lab Says Cryptojacking Cases Have Risen 400% in 2018

Did you know there have been 13 million cryptojacking incidents in 2018? Russian cyber-security firm Kaspersky Lab has released data that cryptojacking cases have gone through the roof rising 400% this year alone. Crypto-crime has been one of the most publicized issues in the financial world this year as the popularity of digital currencies has

6 hours ago

CoinFi: Blockchain is One of The Most Significant Technologies

CoinFi, a blockchain-based startup founded by Timothy Tam, a former Goldman Sachs executive, recently published a report alleging that the blockchain is one of the most significant technologies to date. Per its website, CoinFi is the ‘world’s first decentralized crypto market intelligence platform.’ The organization has made significant strides since its ICO that raised $15 million earlier this year. An example is the recent addition of a group of data scientists to its team. According to Timothy, the crypto market will see an increased number of institutional investors in the next five years. (KE)

6 hours ago

Binance Incubator Program to Foster Innovation For Blockchain and Crypto

The bear market this year has seen an exodus from cryptocurrencies for a lot of people and companies. Not all are so pessimistic though and not all are in it for a quick buck. Binance is one of the pioneers of the industry and has recently launched a program to foster innovation for blockchain and crypto. Binance Not Deterred by Bear Market The first batch of initiatives for the Binance incubation program will focus on solving the most critical issues currently facing the industry. There are a number of projects aimed at nurturing education and mentorship in the crypto space run through the exchange’s venture arm Binance Labs. According to the head of Binance Labs, Ella Zhang, who spoke to Forbes last week explaining the ethos behind the ten week on-site program; “Through the program, we support entrepreneurs who are solving critical problems for the blockchain industry. In particular, we help participants focus on “BUIDLing” products from an early stage. The term BUIDL is a glossary term from the Binance Academy, originally derived from HODL, a term referring to keeping your heads down and focusing on building your product,” Over 500 projects applied for the first round of the incubation program and only the top 8 were selected. Those lucky few will get direct funding of $500,000 and full access to the all resources they need from Binance. According to the report, seven of the eight projects had launched working products and enrolled new members. Three of them already have paying clients and their recent ‘graduation’ from the program will put them on the path to greater things. Binance also offered the opportunity for these projects to pitch at the Singapore Blockchain Week organized by the company next month. Some of the problems tackled included hardware wallet development, secure logins for dApps, prediction markets, blockchain data insights, computer security systems, and decentralized exchanges. “There are two problems we have seen in the ecosystem, which helped inform our design of the program: a lack of product-market fit in many blockchain projects, and the market hype that distracts founders from BUIDLing. With the incubation program, projects can focus on shipping a working product or service with product-market fit as quickly as possible,” Zhang added. Binance has taken the initiative to focus on developing the technology for the future rather than looking at the prices. Its own trade volume is massively down from over $2 billion per day to around $300 million today according to Coinmarketcap. This has not deterred the team though which has not only expanded internationally over the past year but is now channeling energies into education and innovation for the nascent industry. Image from Shutterstock The post Binance Incubator Program to Foster Innovation For Blockchain and Crypto appeared first on NewsBTC.

7 hours ago

BitPesa Puts Ancient Payment Systems on the Blockchain

BitPesa is a Kenyan-based blockchain payments startup that provides international money transfers across Africa, Asia, and Europe. According to its founder, Elizabeth Rosiello, they have ‘digitized a model that already existed.’ The startup transforms ancient and opaque payment systems such as bokeh in Nigeria and hawala in Malawi, which a lot of people consider as systems enabling money laundering and terrorist finance. Monzo and Revolut are similar startups that offer crypto buying services directly from their banking apps. Governments are also supporting fintechs by forcing banks to share their data should a client wish to conduct all banking transactions via one app. (KE)

8 hours ago

Former Goldman Sachs Executive-Founded CoinFi Reports on the Importance of Blockchain

A company founded by a former Goldman Sachs executive claims in a new report that blockchain is one of the most important and revolutionary technologies to every arise. The company is CoinFi, and the executive is named Timothy Tam. As a former Goldman Sachs equities trader and hedge fund manager, Tam made the decision to switch from financial services to statistical arbitrage and algorithmic trading and founded CoinFi over a year ago. He’s been involved in the blockchain arena ever since. From Traditional Finance to Crypto Per its website, CoinFi is the “world’s first decentralized crypto market intelligence platform.” The company offers analysis, research and trading signals to crypto traders and tries to offer users an edge as they examine price fluctuations amongst digital assets to see where or how far they will go. While discussing his move to crypto, Tam explains in a recent interview: “I saw a huge opportunity because it’s the dawn of a new industry. Like anyone who foresaw the hedge fund industry in the 90s would have done very well before it got crowded with more competition. Early movers get the advantage. I can see crypto evolving and maturing exactly the way equities did.” Earlier this year, CoinFi held its own initial coin offering (ICO) and raised over $15 million in the process. The company has grown so much over the past 12 months that it has now added a group of data scientists to its team. The scientists take in crypto data in real-time and work to provide tools to traders to help them understand which currencies warrant more attention. One of the biggest changes Tam sees in the future is the addition of further crypto regulation. In the same interview, Tam states: “More regulation is better as it breeds confidence in the system. STO’s will be a catalyst for the whole industry once tokens can legally be issued that can issue income streams like dividends. It provides a traditional financial model to model these tokens and a floor valuation... I think this year you’ll see more regulation on exchanges and regulators enforcing better trading guidelines like in the equities markets.” Where Crypto Might Go from Here Ending the discussion, Tam also mentioned where he sees the crypto market heading over the next five years, saying that traders can expect to witness “more professional investors coming in and buying and trading tokens which will reduce volatility.” He also says that the quality of crypto-based products will “go up.” Do you agree with Tam that the blockchain and crypto industry has a positive future ahead? Post your comments below. Image courtesy of Shuttershock The post Former Goldman Sachs Executive-Founded CoinFi Reports on the Importance of Blockchain appeared first on Live Bitcoin News.

8 hours ago

Ethereum(ETH) Price Surpasses Bitcoin Cash for First Time Ever

The price of ether has surpassed that of bitcoin cash for the first time ever, becoming the latest negative milestone in a tumultuous few weeks for the world’s fourth-largest cryptocurrency by market capitalisation. According to data from CoinMarketCap, Ethereum traded at $85.51, while bitcoin cash traded at $82 at press time. Bitcoin cash has been one of the biggest losers in the crypto market over the past month’s hard fork and dipped into double digits for the first time before falling behind ethereum. (RL)

8 hours ago

Bitcoin Price Watch: BTC Hesitates, But Recovery Seems Likely

Key Points Bitcoin price found support near the $3,125 level and later recovered against the US Dollar. There is a major bearish trend line formed with resistance at $3,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct towards $3,320 if there is an upside break above the $3,220 resistance. Bitcoin price is showing positive signs above $3,120 against the US Dollar. BTC could rebound in the short term towards the $3,320 or $3,400 levels. Bitcoin Price Analysis This past week, there was fresh decline below $3,300 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,250 and $3,200 support levels. A new low was formed at $3,121 and later the price formed a decent support above $3,120. As a result, the price started a short term correction and traded above the $3,180 and $3,200 resistance levels. There was also a break above the 23.6% Fib retracement level of the last drop from the $3,487 high to $3,121 low. However, the upward move was protected by the $3,260 level and the 100 hourly simple moving average. There is also a major bearish trend line formed with resistance at $3,220 on the hourly chart of the BTC/USD pair. The current price action indicates that the price could break the trendline, $3,200, and the 100 hourly SMA. A successful close above $3,220 may push the price towards $3,300 and $3,320. The 50% Fib retracement level of the last drop from the $3,487 high to $3,121 low is also at $3,304. Looking at the chart, bitcoin price seems to be setting up for a bullish break above $3,220. If BTC buyers fail to gain momentum above $3,220, there could be a fresh slide towards $3,120 or $3,080. Looking at the technical indicators: Hourly MACD - The MACD for BTC/USD is about to move into the bullish zone. Hourly RSI (Relative Strength Index) - The RSI moved above the 50 level. Major Support Level - $3,120 Major Resistance Level - $3,325 The post Bitcoin Price Watch: BTC Hesitates, But Recovery Seems Likely appeared first on NewsBTC.

9 hours ago

Germany’s Second Larget Stock Exchange To Develop Crypto Trading Platform. TD Ameritrade Exploring the XRP Space

Börse Stuttgart Group (BSG), the second largest stock exchange in Germany, has set up a strategic partnership with solarisBank to develop a zero-free crypto trading platform. Alexander Höptner, CEO of BSG was quite enthusiastic about entering the world of crypto trading, mentioning that SolarisBank will be of great help to the successful development of this project: “With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. SolarisBank’s blockchain factory helps us to take the trade in cryptocurrencies and tokens to a new level and set standards in transparency and reliability.” In the early phase, the project will support only Bitcoin and Ethereum. BSG commented that the platform will be available to private and institutional investors expecting to broaden its client base and promote ecosystem growth. It is also important to note that BSG also stated that it is working on the development of a mobile trading app. The project, named BISON is being developed in collaboration with Sowa Labs, a software development company. TD Ameritrade Claims to Be “Exploring” Digital Assets Like XRP Responding to a tweet from one of its users, TD Ameritrade Network commented that they are exploring the possibility of adding support for XRP trading and are actively working to make these kinds of ideas a reality. Glad you’re enjoying our content! We’re still exploring the #XRP space - stay tuned for more information. Our team is working hard to make things like this happen. — TD Ameritrade Network (@TDANetwork) December 11, 2018 The community’s growing interest in XRP is a sign that the token is gaining public acceptance and of course, institutions that adapt to these trends are the most likely to evolve in the ecosystem. So far the TD Ameritrade team has not given more concrete statements, but the firm’s bullish stance towards Ripple’s token is of great importance to those who make investments focusing in the mid-term future. TD Ameritrade’s response sparked positive reactions by Twitter users, especially among “fans” of the token who quickly expressed their enthusiasm assuring that this decision could increase the number of customers currently running the platform. Right now XRP is being traded at around 0.29 USD per token. Its behavior has been quite stable during the last hours. According to data provided by TradingView such price is located near the Record lows for 2018. The post Germany’s Second Larget Stock Exchange To Develop Crypto Trading Platform. TD Ameritrade Exploring the XRP Space appeared first on Ethereum World News.

9 hours ago

Ethereum Price Surpasses Bitcoin Cash for First Time Ever

The price of ether has surpassed that of bitcoin cash for the first time ever, becoming the latest negative milestone in a tumultuous few weeks for the world’s fourth-largest cryptocurrency by market capitalisation. According to data from CoinMarketCap, Ethereum traded at $85.51, while bitcoin cash traded at $82 at press time. Bitcoin Cash Post-Fork Woes Following

9 hours ago

Litecoin (LTC) Price Analysis: Buyers Back In Control

Litecoin price formed a decent support near the $22.20 level and recovered later. LTC is currently trading nicely above $25.00 and it could extend gains in the near term. Key Talking Points Litecoin price rallied recently and moved above the $24.00 and $25.00 resistances (Data feed of Kraken) against the US Dollar. There is a key bullish trend line formed with support at $24.50 on the hourly chart of the LTC/USD pair. LTC price remains supported on dips and it may rise above the $26.20 and $26.50 resistances. Litecoin Price Forecast After forming a decent support base near the $22.00-22.20 zone, litecoin price started a fresh rally against the US dollar. The LTC/USD pair traded above the $24.00 and $25.00 resistance levels to move into a positive zone. Looking at the chart, LTC price even settled above the $24.00 level and the 100 hourly simple moving average. It spiked above the $26.00 resistance and a new weekly high was formed near the $26.60 level. The price traded as high as $26.59 and later corrected below the 23.6% Fib retracement level of the recent wave from the $22.27 low to $26.59 high. However, there are many supports on the downside near the $25.00 ad $24.50 levels. Moreover, there is a key bullish trend line formed with support at $24.50 on the hourly chart of the LTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent wave from the $22.27 low to $26.59 high. Therefore, if the price dips from the current levels, it is likely to find support near the $25.00 or $24.50 levels. On the upside, an initial resistance is at $26.10, above which there is a chance of more gains above the $26.59 high in the near term. Overall, litecoin is positioned nicely above the $24.50 pivot level and dips remains supported. LTC is likely to extend gains in the near term above the $26.00 and $27.00 levels. The next stop for buyers could be near $30.00. The market data is provided by TradingView. The post Litecoin (LTC) Price Analysis: Buyers Back In Control appeared first on Ethereum World News.

11 hours ago

Ripple Price Analysis: XRP Could Retest Lows Before Higher

Key Highlights Ripple price recovered recently, but it faced sellers near $0.2900-0.2910 against the US dollar. There is a major bearish trend line formed with resistance at $0.2860 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may perhaps decline further to revisit the $0.2800 support area in the near term. Ripple price is facing uphill task against the US Dollar and Bitcoin. XRP/USD is under pressure and it may decline further towards $0.2800 before a fresh upward move. Ripple Price Analysis After trading as low as $0.2776, ripple price started an upward move against the US Dollar. The XRP/USD pair traded higher and broke the $0.2800 and $0.2850 resistance levels. It also broke the 23.6% Fib retracement level of the last slide from the $0.3090 high to $0.2776 low. However, the upside move was capped by the $0.2900-0.2910 zone, which was a support earlier. Besides, there was no test of the 50% Fib retracement level of the last slide from the $0.3090 high to $0.2776 low. More importantly, there is a major bearish trend line formed with resistance at $0.2860 on the hourly chart of the XRP/USD pair. Therefore, the price must break the $0.2860 resistance and the $0.2900 barrier to move into a positive zone. The next resistance above $0.2900 is positioned near the $0.3000 level. On the downside, an initial support is at $0.2800, below which the price may revisit the $0.2770 swing low. If there is no break below $0.2770, the price is likely to bounce back. Looking at the chart, ripple price is facing a solid resistance near $0.2900 and it is well below the 100 hourly SMA. Thus, it won’t be easy for buyers to gain bullish momentum above $0.2900 in the near term. Looking at the technical indicators: Hourly MACD - The MACD for XRP/USD is placed in the bearish zone. Hourly RSI (Relative Strength Index) - The RSI for XRP/USD is currently just above the 40 level. Major Support Level - $0.2800 Major Resistance Level - $0.2900 The post Ripple Price Analysis: XRP Could Retest Lows Before Higher appeared first on NewsBTC.

11 hours ago

BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

On Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS). Also Read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders A Generic Overlay Network Based on IPFS Built for Bitcoin Cash The Bchd developer Chris Pacia has published a Medium post explaining a new bi-directional payment channel protocol for the Bitcoin Cash (BCH) network which they hope will be complete by early next year. Pacia and fellow contributors at the Bchd project just recently published the client’s library and wallet. The following day, the programmers released the Neutrino wallet which can enhance BCH privacy. Bi-directional payment channels are used in unison with the Bitcoin Core (BTC) network which allows the Lightning Network (LN) participants to exchange micropayments. However, some people consider LN not very user-friendly and others have criticized its security due to routing complications. Instead, the programmers built a generic overlay network based on IPFS’s libp2p. IPFS is a network that enables a more decentralized peer-to-peer method of allocating hypermedia in a distributed fashion. The open source Gcash overlay implementation, which is based on the modular network stack Libp2p, can be found on Github. According to Pacia, it offers features like extensible peer identities, encrypted and authenticated connections, protocol multiplexing, stream multiplexing, and distributed hashtable technology (DHT) techniques. The Gcash overlay section of the repository states that “using the overlay network in your app is dirt simple.” Further, the applications that could benefit from this type of overlay connection would be peer-to-peer gambling apps, atomic swap protocols, coin mixers, wallet-to-wallet communication, and basic payment channel protocols. There will also be Tor integration and at the moment Bchd developers need to connect Tor as an optional transport. ‘Nothing Stopping All Bitcoin Cash Apps From Being Interconnected’ The idea was well received by Bitcoin Cash proponents on r/btc, with many from the community offering Pacia feedback in regard to the protocol’s functionality. One commenter said that “Bchd is really making a run for best BCH implementation.” In the Bchd Medium post it links to some examples on how to “register a custom protocol, store and retrieve data from the DHT, and publish data over pubsub.” The blog post continues: There is also a compatible javascript version of libp2p that can run entirely in the browser. Making a javascript version of the overlay network should be really easy as the entirety of the library is only 614 lines of code. The Bchd developers wholeheartedly believe there is nothing that can deter BCH applications from communication and interconnectivity. The programmers hope other developers are interested in pursuing this path and conclude that if people have any feedback to contribute or questions to feel free to reach out. What do you think about the idea of an overlay network for the Bitcoin Cash blockchain that allows for bi-directional payment channels and DHT technology? Let us know what you think about this subject in the comments section below. Images via Shutterstock, IPFS logo, Pixabay, and Bitcoin.com. Want to create your own secure cold storage paper wallet? Check our tools section. The post BCH Devs Publish Bi-Directional Payment Concept Based on IPFS appeared first on Bitcoin News.

11 hours ago

Ethereum Price Analysis: ETH Could Turn Bullish Above $90

Key Highlights ETH price recovered recently, but it failed to break the $88 resistance against the US Dollar. There is a major bearish trend line formed with resistance at $87 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $87, $88 and $90 resistance levels to move into a positive zone. Ethereum price is struggling to recover higher against the US Dollar and bitcoin. ETH/USD could start a solid upward move if there is a break above $90. Ethereum Price Analysis There was a decent bullish reaction from the $80 support in ETH price against the US Dollar. The ETH/USD pair climbed above the $84, $85 and $86 resistance levels. There was even a spiked above $86 and the 100 hourly simple moving average. However, buyers failed to hold gains and the price retreated from the $88 resistance area. It declined below the 50% Fib retracement level of the last wave from the $80 low to $88 high. Moreover, the price traded below the $85 support and the 100 hourly SMA. At the moment, the price is holding the $83 support. Besides, the 76.4% Fib retracement level of the last wave from the $80 low to $88 high is at $82.50. A break below the $82 level will most likely push the price back towards the $80 level. On the upside, an initial resistance is near $86 and the 100 hourly SMA. Additionally, there is a major bearish trend line formed with resistance at $87 on the hourly chart of ETH/USD. Looking at the chart, ETH price is facing a solid barrier near the $86, $87, $88 and $90 resistance levels. Therefore, a successful close above $88-90 may perhaps clear the path for more gains towards $100 in the near term. Hourly MACD - The MACD moved back in the bearish zone. Hourly RSI - The RSI declined below the 50 level and it is currently showing bearish signs. Major Support Level - $80 Major Resistance Level - $88 The post Ethereum Price Analysis: ETH Could Turn Bullish Above $90 appeared first on NewsBTC.

11 hours ago

XYO Network Partners With Esri For Blockchain Enabled Geographic Information System

The XYO Network, a blockchain-based geographic information system (GIS) with its own blockchain network and Ethereum token, recently announced a new partnership with Esri, one of the world's oldest and largest GIS systems and mapmaker. The partnership arose after XYO hired a former Esri employee and realized that the two organizations had similar goals. Esri wants to utilize the data from the XYO network and apply it to its enterprise-level map-providing product ArcGIS, and XYO will gain access to Esri’s list of 350,000 clients. XYO is currently trading at $0.00458. (JF)

15 hours ago

416,000 Ethereum (ETH) Sold By ICOs in the past 30 Days

As the ‘Crypto Winter’ of 2018 drags on, many of the much-hyped ICO projects of 2017 have severely underperformed compared to BTC and ETH, and as a result, have had to dip into their fundraising war-chests in order to stay afloat. Recent data shows that in the past 30 days, ICO-funded projects have sold 416,000 ETH, further suppressing the price of ETH and significantly decreasing the value that the projects once raised. This is purported to be the largest liquidation since the summer. As the bear market continues, don’t be surprised to see many projects fizzle out of existence. (JF)

15 hours ago

Ethereum Reaches 50 Million Unique Addresses

Since May 18, Ethereum has added 15 million new unique addresses and this brings the new total of unique addresses to 50 million. This number is significantly higher than Bitcoin, though some argue that Bitcoin's should be higher since the cryptocurrency has been around longer than Ethereum. Analysts suspect that Ethereum has more consumer use via dApps and other platforms, whereas Bitcoin could possibly be used more for moving money. Data also shows that as ETH prices fell, transaction activity increased but the average ETH transaction stands near $400, while Bitcoin’s transaction value tends to be significantly higher. Ultimately, most analysts believe that the level of need and utility for ETH needs to increase in order for the price to turn around. (RS)

16 hours ago

ConsenSys says that 96 of the Top-100 Tokens are Built on Ethereum Blockchain

A recent report from ConsenSys shows that the group remains bullish on Ethereum despite the altcoin's 87 percent drop from its all-time high this year. Data from the report shows that the Ethereum network processed more than 100 million transactions since June 1 and 353 million in 2018. The network averages about 610,000 daily transactions and supports nearly 50 million unique addresses. The report also points out that 96 of the top-100 tokens are built on Ethereum protocol and 89 percent of the top-1000 tokens use Ethereum blockchain. At the time of writing, Ethereum trades for $85.80 and its market capitalization stands at $8.91 billion. (RS)

17 hours ago

BitUSD is far Removed from its USD Peg

Data from CoinMarketCap shows that BitUSD is currently worth 30% less than $1 and it appears that the ‘dollar-pegged’ stablecoin lacks sufficient liquidity to issue more tokens. This means that at the moment, BitUSD holders can only redeem the stablecoin at $0.70 on the U.S. dollar. On December 4 a BitShares user under the name “bitsharesbagholder” wrote a post on BitShares official forum where he expressed concerns about BitUSD being “dead” as their inability to issue new tokens interferes with BitUSD value. BitUSD holders are now left with the option of holding the stablecoin until the market significantly improves or taking a larger loss by selling at current prices. (RS)

19 hours ago

Iota mentioned in Norway newspaper

Iota mentioned in article about data transparency regarding seafood from Norway [https://fiskeribladet.no/tekfisk/nyheter/?artikkel=64076](https://fiskeribladet.no/tekfisk/nyheter/?artikkel=64076) ​

19 hours ago

Top Stocks Lose $1 Trillion, More than the Total Crypto-Market Cap

Facebook, Amazon, Apple, Netflix, and Google (FAANG) stocks have lost more than $1 trillion in value over the past 3 months and this amount is higher than the total market value loss of the entire cryptocurrency market in 2018. Netflix is the worst performer from the group and is currently down 34.8 percent for the year according to data from Investopedia. Natixis Advisors chief market strategist David Lafferty explained that “the conditions that have allowed these kinds of high-growth stocks to outperform have changed, if not reversed.” The poor performance in traditional markets could lead to a divergence between the crypto-market and stock market performance and former Wall Street investor Max Keiser believes that Bitcoin is designed to thrive during economic turmoil. Meanwhile, Fundstrat analyst Tom Lee suggested that Bitcoin is undervalued and its true value is around $13,800 to $14,800. (RS)

20 hours ago

FAANG Stocks Lose Over $1 Trillion - More Than All Cryptocurrencies Combined

Facebook, Amazon, Apple, Netflix, and Google stocks have together shed over $1 trillion in market capitalization from their all-time highs, marking an even bigger loss in dollar value than all cryptocurrencies combined in 2018. FAANGs Lose Bite Bitcoin and cryptocurrencies, in particular, are not the only bubble in town. Stocks of tech stalwarts like Google, Amazon, and Facebook, collectively knowns as FAANG, have lost over $1 trillion USD in market capitalization from their all-time highs. Comparatively, despite a nightmare year for cryptocurrencies, the total cryptocurrency market cap is down roughly $700 billion from its $830 billion historic high in January 2017. Among the FAANGS, Netflix (NFLX) was the worst performer, down -34.8% for the year (as of December 13th), followed closely by Facebook at -33.7%, according to data from Investopedia. Apple Inc. (AAPL) didn’t fare much better amid disappointing iPhone sales, down -26.8% stock from its record price - and almost -14% in the past month alone. Amazon.com Inc. (AMZN) is also dropped by a considerable -19.1% with Google-parent company Alphabet Inc. (GOOGL), right behind with a -16.9% drop. The runup to record high valuations for FAANG shares was an impressive bull period, which appears to now have peaked in July 2018. Interestingly, this month was also the last time Bitcoin (BTC) saw prices above $8,000. But while the ‘Bitcoin is dead’ narrative appears to be greatly exaggerated, according to a recent study from the University of Cambridge, the cryptocurrency ‘bubble’ is admittedly still relatively more severe than FAANGs’ with an 85% drop. Everything’s Bubbling The S&P 500 and the Nasdaq 100, for example, have fallen by a lower -9.9% and -12.1%, respectively, from their own highs compared to the FAANGs. In fact, the recent stock rout has been led by the once-red-hot FAANG as tech-oriented ETFs saw “massive outflows” in November, reports Bloomberg. “The conditions that have allowed these kinds of high-growth stocks to outperform have changed, if not reversed,” says David Lafferty, chief market strategist at Natixis Advisors. “I just don’t see much upside.” Similar conditions may have also allowed for this exuberance to spillover to the nascent cryptocurrency industry earlier this year. Both Wall Street and retail investors began buying into the high-risk, high-reward casino world of crypto and novel ICOs pushing the price to record highs by the end of 2017. At the time, newly launched Bitcoin futures marked Bitcoin’s entry into mainstream finance, boosting Bitcoin price to new heights. Today, BTC price 00 is down roughly 85% from its all-time high of almost $20,000. Bitcoin Adoption ‘Driven By Bank Failures’ Unfortunately for both stocks and cryptocurrency, Lafferty doesn’t see much hope for the near term as the central bank policy has shaken many investors. “The Fed’s tightening is getting to where it’s starting to hurt,” he says. “GDP should decelerate in 2019, which will lead to a natural decline in earnings growth. What that means for multiples and investor sentiment is up in the air.” Elsewhere, protests across France and slower economic growth globally as a whole could be a sign of a looming financial crisis, which in 2008 birthed Bitcoin as a decentralized and apolitical alternative to the existing financial system. In other words, don’t be surprised to see a divergence between Bitcoin and stock market performance in the future. Former Wall Street investor and market analyst, Max Keiser, recently told Bitcoinist that Bitcoin was, in fact, designed to thrive in times of economic turmoil. He explained: Bitcoin adoption has always been driven by bank failures, bailouts, bail-ins, and political unrest. The problem Bitcoin has had recently is its competitor, the US Dollar, has been rising. Ten years after its birth, it will be interesting to see if Bitcoin - which isn’t a stock or a company share but a digital protocol for transferring value - can eventually decouple from traditional markets and provide a haven during the next bust cycle. Fundstrat Global Advisors Head of Research, Tom Lee, meanwhile recently called BTC undervalued, given its fundamentals are strong as ever. “Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800,” said Lee. In the macroeconomic climate, Lee holds that treasury sales of initial coin offerings (ICOs) are the reasons for the lower price. Therefore, the market correction could actually prove to be healthy for Bitcoin, the most secure blockchain in the world, as unprofitable businesses and low-quality projects go belly up, leaving only the cream of the crop for the next bull-run. Can Bitcoin thrive in the next financial crisis? Will it outperform FAANG stocks in the near future? Share your thoughts below! Images courtesy of Shutterstock, coinmarketcap.com, thetechnicals.com The post FAANG Stocks Lose Over $1 Tri

a day ago

Facebook May Be Setting Its Eyes on Crypto. Hires 40 Ex-PayPal Members to Work on Blockchain Division

After consolidating itself as the leading company in the world of social networks, Facebook has decided to intensify its efforts to enter the world of crypto and blockchain technologies in an attempt to expand its business model. According to a report from the tech news portal Cheddar, Facebook has been quietly but resolutely focusing on research and development related to Blockchain technologies and perhaps exploring the creation of a proprietary cryptocurrency. As reported by Ethereum World News, back in May, Facebook created a Blockchain Development Department, with David Marcus at the head. At the time, Marcus commented that he had in mind to start with a small group of people to explore the various possibilities without talking about any particular type of interest: ” I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch ... However, it seems that the potential offered by blockchain technologies is greater than what the Facebook team expected, and since that time, more than 40 new members have joined the division among which stands out an important group of “former PayPal execs.” According to information published by the Web 2.0 behemoth, the use of blockchain technologies could be oriented to areas related to the economy or the data transmission. [Facebook’s] ultimate goal is to help billions of people with access to things they don’t have now, which could be things like equitable financial services, new ways to save, or new ways to share information. However, Facebook has kept the research and work of this team as secretive as possible. After being asked about Mr. Zuckerberg’s expectations of this department, a spokesperson commented that he could not give more details besides the exploratory character that this team has at the moment. “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.” Hiring people with experience in both tech and economic business may provide one more hint at Facebook’s intentions. However, it is not yet sure what could Mark Zuckerberg be aiming at. According to an analysis by Ethereum World News Reporter, Mr. John Njui, a native token or cryptocurrency could be particularly helpful for Facebook in many areas: “With over 2 Billion active monthly users, Facebook cannot ignore the fact that such a user base can use a native cryptocurrency for the following purposes: Pay for subscriptions on the social media platform Pay for ads not to be displayed on their news feed Rewarding users for CPU usage (mining) Tipping rather than just liking posts Paying business ads on the platform Expanding its already existing marketplace to allow it to transcend international borders Launching a crypto wallet with exchange services Micropayments fused with cross-border transactions” The post Facebook May Be Setting Its Eyes on Crypto. Hires 40 Ex-PayPal Members to Work on Blockchain Division appeared first on Ethereum World News.

a day ago

@efinexchange collects no user data (other than an email) an...

@efinexchange collects no user data (other than an email) and trades can be made through Tor network for maximum us… https://t.co/yeZm2FSbSq

a day ago

Linkedin: Blockchain Developer is 2018 Most Growing Job Sector (33X)

Bearish about Cryptocurrencies and Blockchain Technologies? Think Again. Research conducted by the leading labor-oriented social network, LinkedIn, revealed that the Blockchain Development sector has experienced the fastest growth of all the emerging industries recorded by the portal. According to the study, “Blockchain Development” has experienced a growth of more than 33 times compared to the number of existing offers during the year 2017. The cities with more demand for this type of work are located in the United States: San Francisco, New York and Atlanta, while the skills with more demand are Solidity (the programming language used for development in Ethereum) Ethereum per se, Cryptocurrency, Node.js while the industries with more job demand are IBM, ConsenSys and Chainyard. The need for experienced blockchain professionals is followed by engineers with experience in Machine Learning, Sales, Medical Representatives, Data Science, and other similar fields. Blockchain is Here To Stay and Not Only LinkedIn Says So These results corroborate other independent studies that have reached similar conclusions. Has Not only the number of offers for jobs related to this technology increased but also the number of freelancers who have adopted the use of crypto as a means of payment grew to almost 33% of the total market. Last year, the freelancing-oriented platform Upwork, published the results of its annual research, showing how the demand for skills related to Bitcoin and blockchain technologies in general became the most active trend. “The cryptocurrency craze is only just beginning Bitcoin (#1), the most searched Google term in 2017, was the fastest-growing skill in Q4. This was the same time period it hit record high after record high price and reached an all-time high of $19,783 (December 17, 2017). Since its peak, the price has dropped by more than 60 percent; but there is still demand for experts familiar with bitcoin as many look to develop their own cryptocurrencies” The growth of this type of work is of particular importance especially for those traders who make fundamental analyses. The adoption of cryptocurrencies is critical given the emerging nature of the technology. The LinkedIn research team was not overly excited by the results. For LinkedIn, no matter how much hype exists at present, it is crucial to be cautious before making any kind of prediction about the stability of blockchain technologies as areas of research that are worth developing industries in the near future: “It also may not shock you that Blockchain Developer is topping the list following this year’s surge in interest around blockchain and cryptocurrency. Only time will tell if blockchain will be a long-standing trend in the job market,” The post Linkedin: Blockchain Developer is 2018 Most Growing Job Sector (33X) appeared first on Ethereum World News.

a day ago

FAANG Stocks Lose Over $1 Trillion, More Than All Cryptocurrencies Combined

Facebook, Amazon, Apple, Netflix, and Google stocks have shed over $1 trillion in market capitalization from their all-time highs, marking an even bigger loss in dollar value than all cryptocurrencies combined in 2018. FAANGs Lose Bite Bitcoin and cryptocurrencies, in particular, are not the only bubble in town. Stocks of tech stalwarts like Google, Amazon, and Facebook, collectively knowns as FAANG, have lost over $1 trillion USD in market capitalization from their all-time highs. Comparatively, despite a nightmare year for cryptocurrencies, the total cryptocurrency market cap is down roughly $700 billion from its $830 billion historic high in January 2017. Among the FAANGS, Netflix (NFLX) was the worst performer, down -34.8% for the year (as of December 13th), followed closely by Facebook at -33.7%, according to data from Investopedia. Apple Inc. (AAPL) didn’t fare much better amid disappointing iPhone sales, down -26.8% stock from its record price - and almost -14% in the past month alone. Amazon.com Inc. (AMZN) is also dropped by a considerable -19.1% with Google-parent company Alphabet Inc. (GOOGL), right behind with a -16.9% drop. The runup to record high valuations for FAANG shares was an impressive bull period, which appears to now have peaked in July 2018. Interestingly, this month was also the last time Bitcoin (BTC) saw prices above $8,000. But while the ‘Bitcoin is dead’ narrative appears to be greatly exaggerated, according to a recent study from the University of Cambridge, the cryptocurrency ‘bubble’ is admittedly still relatively more severe than FAANGs’ with an 85% drop. Everything’s Bubbling The S&P 500 and the Nasdaq 100, for example, have fallen by a lower -9.9% and -12.1%, respectively, from their own highs compared to the FAANGs. In fact, the recent stock rout has been led by the once-red-hot FAANG as tech-oriented ETFs saw “massive outflows” in November, reports Bloomberg. “The conditions that have allowed these kinds of high-growth stocks to outperform have changed, if not reversed,” says David Lafferty, chief market strategist at Natixis Advisors. “I just don’t see much upside.” Similar conditions may have also allowed for this exuberance to spillover to the nascent cryptocurrency industry earlier this year. Both Wall Street and retail investors began buying into the high-risk, high-reward casino world of crypto and novel ICOs pushing the price to record highs by the end of 2017. At the time, newly launched Bitcoin futures marked Bitcoin’s entry into mainstream finance, boosting Bitcoin price to new heights. Today, BTC price 00 is down roughly 85% from its all-time high of almost $20,000. Bitcoin Adoption ‘Driven By Bank Failures’ Unfortunately for both stocks and cryptocurrency, Lafferty doesn’t see much hope for the near term as the central bank policy has shaken many investors. “The Fed’s tightening is getting to where it’s starting to hurt,” he says. “GDP should decelerate in 2019, which will lead to a natural decline in earnings growth. What that means for multiples and investor sentiment is up in the air.” Elsewhere, protests across France and slower economic growth globally as a whole could be a sign of a looming financial crisis, which in 2008 birthed Bitcoin as a decentralized and apolitical alternative to the existing financial system. In other words, don’t be surprised to see a divergence between Bitcoin and stock market performance in the future. Former Wall Street investor and market analyst, Max Keiser, recently told Bitcoinist that Bitcoin was, in fact, designed to thrive in times of economic turmoil. He explained: Bitcoin adoption has always been driven by bank failures, bailouts, bail-ins, and political unrest. The problem Bitcoin has had recently is its competitor, the US Dollar, has been rising. Ten years after its birth, it will be interesting to see if Bitcoin - which isn’t a stock or a company share but a digital protocol for transferring value - can eventually decouple from traditional markets and provide a haven during the next bust cycle. Fundstrat Global Advisors Head of Research, Tom Lee, meanwhile recently called BTC undervalued, given its fundamentals are strong as ever. “Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800,” said Lee. In the macroeconomic climate, Lee holds that treasury sales of initial coin offerings (ICOs) are the reasons for the lower price. Therefore, the market correction could actually prove to be healthy for Bitcoin, the most secure blockchain in the world, as unprofitable businesses and low-quality projects go belly up, leaving only the cream of the crop for the next bull-run. Can Bitcoin thrive in the next financial crisis? Will it outperform FAANG stocks in the near future? Share your thoughts below! Images courtesy of Shutterstock, coinmarketcap.com, thetechnicals.com The post FAANG Stocks Lose Over $1 Trillion, Mo

a day ago

Blockchain Mining Benefits Beyond the Cryptocurrency Spectrum

Mining is an integral part of the cryptocurrency and blockchain technology narrative. However, the process of discovering, validating, and adding new blocks (mining) to the chain has the potential to do more than increasing the money supply of a particular cryptocurrency. Moving Past Cryptocurrency Mining Apart from being responsible for creating new tokens in a cryptocurrency blockchain that utilizes proof-of-work (PoW), mining also serves to protect the network. It is this function that is perhaps even most relevant for any examination of the positive elements of the mining process for distributed ledger technology (DLT) framework. Essentially, miners act as gatekeepers to help keep the blockchain running smoothly. On the blockchain, all transactions are linked to one another through blocks. As another transaction, or block, is added, the chain lengthens. To mine on the blockchain, users who lend their computing power (called miners) are presented with a puzzle to solve. Once the puzzle is solved and confirmed, the miner is rewarded with a payout (typically, some cryptocurrency or token) and a new block is added to the chain, in addition to transaction fees. While blockchain mining has typically been associated with Bitcoin and other cryptocurrencies, this is just one minor example of how mining can be utilized within decentralized technology. Let’s take a closer look at blockchain mining and the benefits that it provides miners and society as a whole. Data Democratization When Satoshi Nakamoto created Bitcoin, and with it, the first ever successful implementation of the DLT framework, the stage seemed set for the emergence of a fully decentralized digital space. Data democratization or the return of control over user data to the users themselves is a cause that has attracted the attention of many in recent times. In theory, public blockchains are decentralized, meaning that data ownership isn’t domiciled in any central server as with the mainstream internet. Every day we spend in our digital world means we are creating data. We may not think about it consciously, but the data we generate is utilized by many companies to improve their systems, as well as their profits. Often, though, we have no idea what is being done with our data until scandals arise, and we don’t typically see the value that can be created using this data. Those in the blockchain world have fought for the democratization of data, but up to this point, there hasn’t been a platform created with this purpose in mind. Blockchain Mining for Positive Social Impact Mining can be used to drive positive social engineering in the digital space. Projects like Lambda have even begun examining such use cases that utilize the transaction validation process beyond the creation of new cryptocurrency tokens. Using Lambda as a case study, it is possible for the activities of mining nodes to cause positive changes in the global business process. Recently, Ethereum World News reported that Lambda launched the first ever blockchain open-source proof-of-space-time (PoST) protocol on GitHub. Miners handle data, and as far as a blockchain is concerned, such data amounts to a massive volume. Nearly every industry can significantly benefit from blockchain mining, especially when used as a solid foundation for the development of services and products. So far, we have seen blockchain mining in a decentralized environment lead to advancements in the health-care, education, and finance industries, to name a few. When done correctly, mining on the blockchain can also lead to considerable profits for miners. For some, mining has even become a full-time career. Also, it’s relatively easy to begin mining. All a user requires to become a miner is a home computer and an internet connection. Overall, mining offers a new way of earning money, participating in a real blockchain project where the user holds tokens, and a way to give back to the community in which they’re participating by verifying information, as well as helping to advance so many industries by mining data for insights. Many view investing in the blockchain as solely a financial endeavor. However, with all of the benefits that miners bring to the cryptocurrency world, mining can provide a higher return than purely financial investments within decentralized technology. Are you ready to start taking advantage of the benefits of mining for blockchain? Images courtesy of Shutterstock. The post Blockchain Mining Benefits Beyond the Cryptocurrency Spectrum appeared first on Ethereum World News.

a day ago

BitUSD Divorces Wildly From $1 Target

According to recent market data, bitUSD, an elder stablecoin with a similar design and functionality to the Dai, is currently worth 30% less than the dollar it is intended to be worth. The way the design of BitShares, the platform on which BitUSD is issued, works is that if the network lacks liquidity for the

a day ago

New Financial Projects Gain Momentum in Period of Political Uncertainty

Less than a week after a new financial blueprint for Europe was proposed, by a 50-strong group led by Thomas Piketty, another pioneering economic system that aims to reduce inequality has been gaining momentum in London. Getting technical: Dr Omri Ross explains how GoodDollar might work, at Hard Fork Decentralized On Thursday, December 13, the GoodDollar experiment - an ecosystem that explores how decentralised cryptocurrency and blockchain technology may enable models based on universal basic income (UBI) - received widespread praise at The Next Web’s Hard Fork Decentralized conference. Following GoodDollar’s official launch, by eToro CEO Yoni Assia at November’s Web Summit 2018 in Lisbon, the project has quickly gathered impetus, attracting support from all over the globe. At a time when many leading economists fear a global financial crisis is looming, both Picketty’s bold blueprint for a fairer Europe - which includes significant levies on multinationals, millionaires and carbon emissions to amass funds to improve poverty, climate change and other challenges - and GoodDollar are innovative alternatives to traditional financial systems. GoodDollar’s worldwide interest has accelerated since its introduction, at an event in Berlin in mid-November, of an OpenUBI community, formed to encourage collaboration and discussion around UBI and its technological implementation. At the Hard Fork Decentralized summit, held at Mindspace, in trendy Shoreditch, in the northeast of the capital, and sponsored by eToro - the social trading platform that has invested $1 million in GoodDollar - the project gained more plaudits. Ira Ryk-Lakhman, a lawyer with Tadmor - Levy & Co. who is completing a PhD at University College London, has joined GoodDollar because she believes “it is the future” - especially for the humanitarian causes that are close to her heart. She spoke with passion to around 100 attendees at Mindspace. “According to UN data, upwards of 30 per cent of funds allocated to humanitarian aid is lost because of corruption,” Ryk-Lakhman said. “This is mind-blowing. Further, over 80 per cent of the funds that are allocated for charities do not make it to the final beneficiaries.” “The solution is staring us in the face. We need to find something that is not susceptible to corruption or bureaucracy. Technology that does not go through the state but reaches the citizens directly. We already know what the future is: blockchain-based solutions, like GoodDollar, are the way forward. This is because blockchain technology is a public record, it is transparent, and it is immutable. As such, it is not susceptible to corruption and bureaucracy.” Ryk-Lakhman said that as GoodDollar, a not-for-profit organisation, is focused on improving wealth inequality it is likely to generate great levels of interest and adoption, crucially. “Hype alone does not suffice to sustain cryptocurrency or blockchain,” she continued. “You have got to have an application: a practical way that we can utilise this technology in real life. What other way is better to get your coin recognised by the wider public than if you show the positive sides of blockchain, and highlight that it is not necessarily affiliated with speculation but rather with innovation, sustainability and charity? “Using this technology for social impact will drive adoption, which is key to this industry. Blockchain technology allows us to tackle humanitarian crises and to achieve social impact. In 2019 I believe we will see much more application of blockchain technology to that end.” Talking heads: Dr Omri Ross, alongside Yoni Assia and Ira Ryk-Lakhman, discusses the technical aspects of GoodDollar Later, Yoni Assia - who has been thinking and writing about UBI for over a decade - took part in a panel discussion alongside Ryk-Lakhman, and Dr Omri Ross, an assistant professor in the Computer Science at the University of Copenhagen. The latter co-wrote the GoodDollar position paper, published in conjunction with the Web Summit launch, with Assia, and is positive about its chances of success. “I’ve been an academic of blockchain for several years, and when Yoni explained GoodDollar to me I could see it was a good idea,” Ross told the audience at Mindspace. “I have been around a few UBI projects and this one is quite advanced [in terms of technical research]. This is a call to the community to help.” Good turn out: Around 100 people attended the GoodDollar event at Hard Fork Decentralized Assia revealed that already “around 30 different partners” have joined the OpenUBI community. “We were super-excited to see that we are not the only ones thinking about this,” he said. “There are super-intelligent people around the world that are looking at the same problems and trying to find various solutions. “We have opened a group and, because GoodDollar is a not-for-profit organisation and there is no competition, we are trying to collaborate. We are now collaborating with around OpenUB

a day ago

BTI Report: Binance and Bitfinex are the Only Exchanges Reporting the Correct Trading Volumes

The Blockchain Transparency Institute (BTI) has published their December 2018 report on Exchange Volumes. Per their report, Binance and Bitfinex are the only exchanges out of the twenty-five topmost crypto exchanges which report accurate trade volumes. The other crypto exchanges are said to be participating in wash trading. Per the report, OKEx reports fake volumes in their top 30 tokens whereas Huobi and HitBTC falsify data of its top 25 pairs. The report also states that these exchanges charge exorbitant listing fees of more than $50,000. The report concludes that 80% of CoinMarketCap's 25 topmost BTC pairs volume is fake and traders should be wary of exchanges existing entirely to collect fees. (KE)

a day ago

Crypto Data Website Coin Dance Allows Users to Monitor Bitcoin Cash Development

On Friday, crypto data website Coin Dance announced their updated BCH protocol development tracking page. The development tracking page shows BCH's current list of proposals, codes, ideas and development discussions. In the ‘under development’ section it features twelve concepts which were contributed by developers from Bitcoin ABC, Bitcoin Unlimited and Cashshuffle. These features include Compact Blocks, Schnorr signatures, UTXO commitments and Graphene version 2 among others. Other sections include the blocks mined, hash rate, mining profitability, BCH protocol nodes, and politics among others. The site is suitable for BCH users and enthusiasts who are interested in tracking the development of BCH. (KE)

a day ago

BTI Report: Only Binance and Bitfinex Exchanges Are Not Falsifying Trade Volume Data

The Blockchain Transparency Institute (BTI), has released its December 2018 Exchange Volumes Report. The report goes on to state taht only two out of twenty five top cryptocurrency exchanges are actually reporting accurate trade volume. These two exchanges are Bitfinex and Binance. The rest of the exchanges are involved in wash trading that inflates their trade volume figures thus providing inaccurate information. Evidence of Wash Trading By Some Exchanges The report also claims that there is clear evidence of wash trading by majority of the exchanges. It states: For our December report we’ve taken a deeper dive into specific trading pairs on exchanges which are showing clear evidence of wash trading. This has always been our goal, however we wanted to make sure this data was as accurate as possible, so we’ve been updating and perfecting these algorithms over the past 3 months. During this time, we have spent countless hours watching order books, analyzing volume data points, and speaking with market makers, high frequency traders, and trade surveillance consultants. We have collected an enormous amount of data and we now feel confident to begin releasing these figures... Included in this report we have calculated the true volume of the CMC top 25 BTC trading pairs. Most of these pairs actual volume is under 1% of their reported volume on CMC. We noted only 2 out of the top 25 pairs not to be grossly wash trading their volume, Binance and Bitfinex. Wash Trading is a form of market manipulation in which an investor simultaneously sells and buys the same financial instruments to create misleading, artificial activity in the marketplace. Below is a screenshot from the report showing which exchanges are practicing wash trading. List of exchanges and their real volume. Source, BlockchainTransparency.org Summary of the Report by BTI The report has highlighted the following: 4 different bot strategies are used to inflate exchange volume numbers. These bots are set at different trading pairs depending on the time of day. Settings are constantly changed based on current volume trends and hype around a specific token The top 25 Bitcoin trading pairs on Coinmarket Cap is under 1% of their reported volume Only Bitfinex and Binance exchanges are not practicing wash trading OKEx’s top 30 tokens are engaged in wash trading. The exchange has benefited the most from Coinmarket Cap’s referral traffic. By adjusting the volume of OKEx, the exchange still manages to be in the top 10 according to trade volume Huobi is also wash trading its top 25 pairs but to a lesser degree than OKEx HitBTC is wash trading its top 25 pairs Bithumb is wash trading Monero, Dash, Bitcoin Gold, and ZCash. Wash traded tokens on Bithumb appear to change depending on the month Listing fees are big business with the average project spending over $50,000 to get listed The team at BTI has compiled an advisory list of exchanges that they believe are wash trading and benefiting from listing fees. The list can be found here Conclusion on Wash Trading The report concludes the following about the wash trading activities. Based on this data over 80% of the CMC top 25 BTC pairs volume is wash traded. These exchanges continue to use these strategies as a business model to steal money from aspiring token projects. Advice to Projects Planning on Finding an Exchange to List their Tokens The report advised projects planning to have their tokens listing on exchanges: We advise any token project to contact us regarding any exchange requesting large listing fees, especially those on our Advisory List. Many of these exchanges exist solely to collect these fees while their bots run their exchanges. We also have data on fair listing fee costs for exchanges which are not using wash trading bots. We’ve had reports on fees ranging from 2BTC up to 75BTC. Methodology of the BTI Reports The BTI reports have evolved from simply focusing to web traffic, to now include data collected from exchanges on mobile app usage and API trading. For the December report, the team at BTI has also explored specific trading pairs on exchanges. What are your thoughts on the new report by Blockchain Transparency Institute that states that only 2 major exchanges are actually reporting accurate trade volume? Do you think that the report is accurate? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post BTI Report: Only Binance and Bitfinex Exchanges Are Not Falsifying Trade Volume Data appeared first on Ethereum World News.

a day ago

Facebook Building Its Blockchain Unit, May Develop a New Cryptocurrency

Facebook is working hard to expand its blockchain development team. The company is also rumored to be building its own cryptocurrency. Blockchain and Social Media: Can They Work Together? Facebook and crypto have had something of a mixed relationship in the past. The social media giant started 2018 by following in Google’s footprints and banning all advertisements relating to crypto, blockchain and initial coin offerings (ICOs). Only months later, however, the company announced that it was partnering with the former president of PayPal David Marcus, who would head the company’s blockchain unit formed last April. Marcus says he’s a longtime cryptocurrency advocate and even served on the board of directors at Coinbase, one of the world’s largest and most popular cryptocurrency exchanges. Who’s in Charge, Here? Facebook’s blockchain unit now consists of over 40 individuals, with more than six reportedly coming from PayPal. The group also contains members of both Samsung Pay and Google Pay. Both divisions provide mobile payment options and digital wallet services to their customers. Alex Heath of Cheddar fame explains: “They’ve been very quiet about what they’ve been working on, very stealthy, but it’s definitely going to be a kind of blockchain-based cryptocurrency payments product. They’ve already got policy people in D.C. to ramp this up.” Ramping Things Up Facebook’s cryptocurrency project would be privy to Facebook users only. Account holders would be able to make electronic payments to each other without utilizing the “middle-man” tactics of a traditional bank or payment center. Heath also alleges that the social media company is embarking on a massive hiring spree that includes dev operators, product managers, legal experts and academics that can offer their knowledge and expertise to the growing blockchain group. He writes: “They’re actively recruiting. They’re also trying to scoop up crypto start-ups that are at the whitepaper level, which means they don’t even have a product yet... The talent in this industry is so finite, and there are so many big players wanting these talented cryptographers and academics, so Facebook is going really hard at them, and they’re having difficulty.” Trying to Gain Trust Back This could be because people have lost trust in Facebook. Following the entire scandal surrounding Cambridge Analytica, both users and employers are expressing concern over how their private data will be distributed. Heath claims that has led to a total split-shift attitude in the tech industry: “The idea of Facebook creating a cryptocurrency and a digital economy within its ecosystem is either incredibly exciting - if you talk to some people - or one of the scariest things in the world if you talk to others. It’s very polarizing, but they are actively building this up. I think we can expect to see Facebook buy some companies up in the crypto space in the next year.” Are you for or against a Facebook-based cryptocurrency? Post your comments below. Image courtesy of Shuttershock The post Facebook Building Its Blockchain Unit, May Develop a New Cryptocurrency appeared first on Live Bitcoin News.

a day ago

Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely

Key Points Bitcoin price traded to a new yearly low at $3,126 and later corrected a few points against the US Dollar. There was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps correct higher in the short term towards the $3,320 or $3,380 resistance. Bitcoin price is forming a short term base near $3,120 against the US Dollar. BTC/USD is likely to test the $3,380-3,400 resistance zone before declining once again. Bitcoin Price Analysis This past week, bitcoin price remained in a slow and steady downtrend from the $3,640 high against the US Dollar. The BTC/USD pair traded lower and broke the $3,400 and $3,320 support levels. The decline gained pace and the price traded to a new yearly low at $3,126. Later, it consolidated above $3,126 for a few sessions before correcting higher. It moved above the $3,200 resistance, but it is well below the 100 simple moving average (4-hours). During the rise, it almost broke the 23.6% Fib retracement level of the last slide from the $3,642 high to $3,126 low. Moreover, there was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair. However, it seems like buyers are struggling to gain pace above the $3,250 level. The first hurdle for buyers is near the $3,320 level (the previous support). The next is $3,380 and the 50% Fib retracement level of the last slide from the $3,642 high to $3,126 low. A successful break above $3,380 and the $3,400 is needed for buyers to gain bullish momentum. Looking at the chart, BTC price could correct higher towards $3,380, but more upsides won’t be easy. On the downside, the $3,200 and $3,126 levels are decent supports, followed by $3,000. Looking at the technical indicators: 4-hours MACD - The MACD for BTC/USD is slowly moving in the bullish zone. 4-hours RSI (Relative Strength Index) - The RSI is just near the 50 level. Major Support Level - $3,200 Major Resistance Level - $3,400 The post Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely appeared first on NewsBTC.

a day ago


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