Tezos XTZ

$0.4354
Market Cap $ 264.474 MM (#22)
24h Volume $ 584.396 K
Chg. 24h: 0.17%
Algo. score 3.4/5  (#258)
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Tezos News

Tezos Light Wallets Focus on Baking and Trustless Code for Community

If you’re a Trezor investor, you may soon have another way to stake more tokens. SimpleStaking, which is a desktop wallet that supports the cryptocurrency Tezos, recently unveiled its lightweight web wallet that is supported on hardware wallet Trezor and “counters blind signature attacks.” Now they are building “staking features” that will be integrated into the product. By staking (or baking, as Tezos calls the process) their coins, Tezos investors can influence the direction of the project. A separate Tezos light wallet dubbed Tezos.blue recently accepted a challenge to prove its code is trustless. Tezos.blue wallet has been updated to version 0.4.3 and has passed validation across Windows and mobile systems iOS and Android, the company said. (GT)

20 hours ago

Zcash Digital Asset Report: ZEC Token Review and Investment Grade

Zcash Digital Asset Report: Introduction Zcash’s genesis block was mined in October 2016, since then the cryptocurrency has aimed to provide enhanced privacy and security to its users. Zcash uses advanced cryptography, so-called zk-SNARKS or Zero-knowledge proofs, to shield transactions. It enables one party to prove to another that something is true, without revealing any information, apart from the fact that this specific statement is true. Zcash was able to capitalize on the privacy issues of Bitcoin and forked its codebase. There are two types of transactions on its blockchain: shielded (using zk-SNARKS) and unshielded (just like on the original Bitcoin blockchain), making privacy an option for its users. Due to optional privacy, Zcash faces stiff competition from both types of payment coins: private and non-private. In fact, only 12% of the total Zcash transactions are private. Still, in the privacy coin sector, there are players like Monero which have privacy by default and have greater adoption levels amongst its users. So while Zcash is considered a privacy coin it needs to find its niche in that sector. Otherwise, with no apparent use cases, it will lose out to either a more advanced and private altcoin rival or to Bitcoin, which has a larger user base. This report is the Initiation Report - our first deep dive into the performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page. Part One: The Business Case Zcash Market Opportunities As a payment solution Zcash has the opportunity to disrupt several markets. It has the potential to become a form of payment in the retails industry. Only in the U.S., retail sales reached $5.7 trillion in 2017, while global retail sales are expected to grow over $27 trillion by 2020. Increasing adoption in this market represents a substantial opportunity for growth. Furthermore, while more than half of world adult population has access to banking, 1.7 billion people still remain unbanked (without an account at a financial institution or through a mobile money provider), according to Global Findex Database. Blockchain payment solutions may offer all types of banking services, such as payments, loans, money transfers, etc. These individuals represent a large market outside of the traditional banking system that is ready to adopt blockchain payment solutions. Also, with its privacy features Zcash can capture the offshore wealth market. The extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. If even 1% of it will be held in Zcash it will drive the price of the coin up to new heights. The payments market has been one of the most promising areas for the blockchain industry. Cryptocurrencies have the opportunity to eliminate multiple “middlemen fees” and make transactions cheaper. Therefore there have been multiple coins that have been trying to compete and become a means of payment for the crypto adopters. Zcash compares itself to different payments solutions, such as credit cards, Bitcoin and cash. The space is competitive and the company is facing stiff competition across all of the sectors. Below is a table representing some of the key blockchain-based rivals. Competition in the Blockchain Space Currently, Zcash is losing to competitors in both private and non-private sectors of the crypto market. In the private coin sector, its main competitor is Monero. The coin is private by default and is considered to be the first choice for those who want to hide transactions from the general public. If you are using Zcash private transactions your actions may be considered suspect, just for doing that. When someone is using shielded transactions while everyone else is using transparent ones, questions are bound to arise, as only 12% of the transactions are shielded on the Zcash blockchain. Moreover, when coins move from “unshielded” to “shielded” and back to “unshielded” addresses they may lose some of the anonymity they had. This partially explains why Zcash has a low percentage of private transactions on its blockchain. The market for privacy coins is competitive, and rivalry can even go beyond “doing a better product.” The Chairman of Zcash Foundation, for example, was working on the research paper that studied linkability of Monero transactions. The paper was published an hour before the scheduled Monero hardfork and was considered as “paid for hit piece” by the community since the largest vulnerability in the paper was noted over two years before, was mitigated over a year before, and was nearly completely resolved before the first vers

a day ago

MolochDAO: coordination infrastructure for the common good

Core protocol development currently suffers from the Tragedy of the Commons, an age-old ailment in which participants benefit from a shared resource but, through self-interest, are disincentivized from contributing to its maintenance and growth. While Bitcoin, Ethereum, and the myriad alternative blockchains on the market have all been explicitly designed to incentivize for security via block rewards, formal economic incentives for contributing to a blockchain’s codebase are largely absent. This leaves the onus for development on a limited set of volunteers, which requires existing financial independence, and employees of a project’s foundation, which necessitates forgoing anonymity, ultimately concentrating decision-making power in the hands of a centralized entity. As Fred Ehrsam wrote in Funding the Evolution of Blockchains, this absence of incentives to work on core protocols is no better reflected than by “the large number of people working on Ethereum tokens vs. the small number working on Ethereum itself.” The launch of a novel token presents itself as a fundraising opportunity, directly enriching issuers, whereas contributing to an existing protocol can only be monetized by purchasing the base asset and hoping the market rationally adjusts to fundamental technical progress. Considering the inefficiencies of today’s crypto asset market, relying on the latter path is unlikely to net the returns necessary to support one’s livelihood. Several protocols, including Zcash and Beam, have attempted to solve this tragedy via a ‘founders reward’, directing a certain percentage of each block reward to the project’s employees over a set period of time. This has not been without controversy, with detractors accusing development teams of concentrating wealth in the hands of a few and opening up the possibility of using that wealth to unduly influence the network at a later date. Similarly, projects like Decred and Tezos have introduced an in-protocol funding mechanism, reserving a percentage of rewards and allowing stakeholders to vote on proposals for grants. However, whether these on-chain mechanisms can allocate capital efficiently, let alone resist the corrupting forces of plutocracy, remains highly debatable. Regardless of the validity of these claims, the contention that would arise with negotiating the terms of a post-hoc founders reward or implementing an on-chain funding mechanism at this phase in Bitcoin and Ethereum’s life cycles would almost certainly outweigh any advantages. Of course, it’s worth noting that the Ethereum Foundation does have an active grant program, the latest round meting out over $3 million across 23 projects. However, even that may not be sufficient to support core protocol development, with Prysmatic Lab’s Preston Van Loon asserting that despite the recent grants, the client implementation project is struggling to take the whole team full time, let alone scale up the team to where it needs to be. Vitalik’s spontaneous generosity may go some way toward alleviating those concerns, but cannot be relied on as a long-term sustainable solution. Ethereum Foundation’s Wave IV grantees MolochDAO: For many in the Ethereum community, any mention of Decentralized Autonomous Organizations (DAO) is enough to induce severe sweats, taking them back to that infamous day in June 2016 when an attacker was able to exploit a reentrancy bug to drain more than 3.6m ETH from The DAO. But times have changed and DAOs are making a strong comeback, vowing to reduce bureaucratic inefficiencies and reclaim decision making power from centralized entities. Taking its name from the Canaanite God of child sacrifice, MolochDAO is an experimental, decentralized, open-source grant-making organization seeking to overcome the tragedy of the commons. Launching in February, teams building on Ethereum can pool ETH and ERC20 tokens and collectively fund open-source work that is expected to further the advancement of the core protocol. Membership: Moloch operates through the submission, voting on, and processing of a series of membership proposals. The founding members have yet to be publicly announced, although the original MolochDAO document includes CryptoKitties, Decentraland, Gnosis, Aragon, Connext, and Spankchain as candidates. In order to combat spam, new membership proposals can only be submitted by existing members and require a $5,000 deposit. Applicants who wish to participate in Moloch must find an existing member to champion their proposal on their behalf. The membership proposal itself includes the number of Voting Shares the applicant is requesting, and either the set of tokens the applicant is offering as a tribute or a pledge that the applicant will complete some work that benefits the Guild. Voting Shares are non-transferrable but can be irreversibly redeemed on a 1:1 basis for Loot Tokens, which act as tokenized claims on the DAO’s treasury. For the sake of clarity, let’s walk through an e

3 days ago

Mapping out Sybil Resistance Mechanisms

One of the biggest risks for decentralized networks is Sybil attacks. In a Sybil attack, an attacker creates a large number of accounts to trick a network into thinking that several individual accounts are participating in the network, when in fact they are all controlled by the attacker. The attacker then leverages these accounts to exert influence on the network in variety of ways: manipulating the reputation system of an e-commerce shop, obtaining a disproportionate share of a network’s resources, etc. To avoid Sybil attacks, centralized networks set rules and approval measures for accounts that want to participate in the network. Decentralized networks, however, are particularly prone to Sybil attacks due to their permissionless nature: any individual can participate in their networks. As a past example, attackers have performed versions of Sybil attacks on popular P2P networks like BitTorrent. With direct monetary incentives introduced by cryptocurrencies, Sybil attacks have become more attractive for attackers. A Sybil attacker on a blockchain network can reject transactions for specific individuals on a network and, in certain situations execute double-spends. To lower the possibilities of Sybil attacks on Bitcoin, Satoshi Nakamoto implemented Proof-of-Work as a Sybil resistance mechanism. Proof-of-Work requires participants on a network to pay computational resources for the right to mine blocks and confirm transactions. This mechanism effectively limits the number of blocks a potential attacker can produce as they are required to contribute a proportional amount of computational resources to produce these blocks, therefore creating an economic barrier for gaining control of a network. Following the introduction of Bitcoin, various networks have emerged introducing their own Sybil resistance mechanisms to protect their networks. The Block has mapped out some of the most popular Sybil resistance mechanisms employed by the top 50 cryptocurrencies by market capitalization.¹ Proof-of-Work The Proof-of-Work (PoW) mechanism uses computational resources to secure a blockchain and create new blocks. Miners on PoW networks race to mine blocks on these networks — expending energy in the process. In contentious events, PoW helps determine the true state of a ledger by following the chain that has accumulated the most work (energy). Proof-of-Stake The Proof-of-Stake (PoS) mechanism uses a miner’s (validator) economic stake in a network to determine who can secure and validate transactions for a public blockchain. In a PoS system, a group of miners take turns voting for a block to be validated. The weight of a vote depends on the size of a miner’s stake in the network — the higher the stake, the more weight a miner has when voting. In contentious events, PoS helps determine the true state of a ledger by following the chain that has accumulated the most stake (coin backing). Delegated-Proof-of-Stake The Delegated-Proof-of-Stake (DPoS) mechanism is similar to the PoS mechanism with one caveat: there is a pre-determined limited set of miners (validators) allowed to propose and validate blocks onto a blockchain. Token holders on DPoS networks vote on which validators get to be a part of this pre-determined set of validators — allowing backup validators to replace former validators. Other Beyond the three most popular Sybil resistance mechanisms implemented by the 50 largest coins by market cap, various coins have implemented their own unique sets of Sybil resistance mechanisms. These range from Liquid Proof of Stake implemented by Tezos and hybrid model implemented by the likes of Decred. ¹ Top 50 market cap as of 1/11/19 The post Mapping out Sybil Resistance Mechanisms appeared first on The Block.

4 days ago

Crypto Market Update Jan.15: 2019 Has Lots Of Exciting Crypto News, But No Trading Volume

It’s been a routine week in the crypto market. Bitcoin’s volatility continues to shake the market up and down, and it seems that it is still leading the market, and a cryptocurrency that manages to take its place as “better than Bitcoin” has not yet been born. This week we saw a decline of 13% on average on the major cryptocurrencies. Most of the leading Altcoins have dropped, but have not reached the floor yet, in what looks like a technical correction. Most alternative currencies seem to be stabilizing, although some of them seem to have changed the trend in trading against Bitcoin. This can also be clearly seen in the dominance of Bitcoin in the market. The first two weeks of 2019 can be summed up as very weak in terms of trading with a low trading volume that does not remind you of the hype around the same date last year. However, even though the weaker hands have evaporated from the crypto space, developments continue as usual, and we expect to see new trends such as the stable currencies we saw in 2018 or the STO phenomenon that is raising its head, and the results of these trends have not yet been fully seen. Also, one has to remember that the projects where money was raised during the ICO craze may still surprise with useful products that will change the market as it looks today. MimbleWimble is gaining momentum. Last week, Beam was launched based on the new technology that excited the crypto community and today a parallel project will be launched that meets the name Green and uses similar technology. The path of these projects is long and full of question marks and bugs, as we have seen at the beginning of Beam. However, it is quite possible that such projects will awaken the market. In conclusion, the Crypto market has lost a lot of its value in the past year, but is still alive, kicking, and growing up. There are those who mention the Dot-com bubble of 2001 as an analogy that proved that the survivors and the visionaries were the ones who led the market later on. Crypto News World’s 23rd Richest Man Invests in Cryptocurrency Exchange Bakkt’s First Funding Round. Li Ka-Shing, a Hong Kong billionaire, has been identified as one of the notable investors in Bakkt’s first funding round which ended on December 31, 2018. Li Ka-Shing. Photo by Reuters Cryptopia Admits Being Hacked: Stolen Amount is Unknown, a $2.5M Transaction Could be Revealing - The details of the hack, including the stolen amount, remain unknown for the moment, although there are indications that the theft includes nearly $2.5 million of Ethereum coins.The exchange has gone offline since then for investigation. Russia to Buy Billions of Dollars Worth in BTC Next Month, Russian Economist Says. As the unilateral economic sanctions war between Russia and the US continues, Russia is reportedly considering the conversion of $470 billion fiats into Bitcoin. Ethereum Classic’s 51% Attacker Has Mysteriously Sent Back $100,000 To Gate.io Exchange. Strange things are indeed happening in the crypto space. The anonymous hacker behind the recent Ethereum Classic 51% has reportedly returned $100k worth of ETC to crypto exchange Gate.io for unknown reasons. Chinese Mining Giant Bitmain Is Closing Another Overseas Office. Crypto winter has hit Bitmain once again, as the mining company forcibly shut down two offices in less than 40 days citing “ongoing business adjustment.” Steemit Social Network Bans Users Amid Censorship Resistance. The supposedly decentralized social media platform has banned some of its users for trying to leak documents that contain what they tagged as “hidden truths of 9/11.” Ethereum Jan.16 Fork Constantinople Upgrade: Everything You Need to Know. The most significant event in January - Ethereum Constantinople Upgrade - is upon us, and if you’re still confused, then here’s all you need to know about the upcoming hardfork. Bittrex Opens OTC Desk Supporting Close to 200 Digital Tokens. The American crypto exchange has officially launched its over-the-counter (OTC) trading desk with support for 200 digital assets. However, only approved customers are eligible to trade with the OTC. For more news, visit our Crypto News section. Charts This week we have chart analysis of Bitcoin, Ethereum, Ripple, Tron and Tezos - Read more here. The post Crypto Market Update Jan.15: 2019 Has Lots Of Exciting Crypto News, But No Trading Volume appeared first on CryptoPotato.

4 days ago

Weekly Price Analysis Overview Jan.15: Bitcoin, Ethereum, Ripple, Tron and Tezos

Bitcoin Resistance around $3,700 support at $3,500 in this range, this area is quite critical and if the support does not hold the market will test the support around $3,100. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '6C35scA4'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar correction until the support indicated in the graph around $112 support around $138 did not hold any resistance in this range at $131. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'XPgOl6EI'; new TradingView.chart(tradingview_embed_options); Against Bitcoin is an H & S pattern with a 4-hour resistance pattern at 0.036BTC supporting this range at 0.032BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '7jJ4YdN5'; new TradingView.chart(tradingview_embed_options); Ripple Against the dollar correction down to $0.30 and support is being built around $0.32 resistance in this range at $0.33. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'qW7ZaAjg'; new TradingView.chart(tradingview_embed_options); Against Bitcoin support around the 900SAT is a bit fragile, but meanwhile has held resistance at 9300SAT. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'LeLlN0MI'; new TradingView.chart(tradingview_embed_options); Tron Against the dollar a sharp correction with a high trading volume support at this range around $0.024 resistance at $0.026. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'GZfCa9Wd'; new TradingView.chart(tradingview_embed_options); Against Bitcoin, the graph is quite similar technically. Support built on 660SAT can break even 600SAT resistance in this range 700SAT. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'jtjI0z0W'; new TradingView.chart(tradingview_embed_options); Tezos Against the dollar approaching the floor marked at $0.31 but first, the support around should be tested,$0.38 resistance in this range at $0.45. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'RTMtHEYB'; new TradingView.chart(tradingview_embed_options); Against Bitcoin, the support is tested at 0.000110BTC resistance at 0.00012BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '100%'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'jmFiFhWO'; new TradingView.chart(tradingview_embed_options); The post Weekly Price Analysis Overview Jan.15: Bitcoin, Ethereum, Ripple, Tron and Tezos appeared first on CryptoPotato.

4 days ago

Tezos (XTZ) Foundation Adds Two New Members to Its Leadership Team

The Tezos Foundation recently expanded its leadership team with the addition of Ulrich Sauter, an attorney and experienced expert for financial products, fintech, corporate governance, and compliance, and Eelco Fiole, an investment executive and adjunct professor for finance ethics, who has taken the position of Chief Financial Officer. Tezos (XTZ) is a self-amending blockchain and the Swiss-based Tezos Foundation was created to support the long-term success of the Tezos protocol and ecosystem by funding various initiatives that help encourage decentralized development and robust participation. (JF)

6 days ago

Tezos Foundation Strengthens Leadership Team by Naming a New CFO

Earlier today, the Tezos Foundation announced that it had expanded its leadership team by adding three new positions. Per the announcement, Ulrich Sauter, Eelco Fiole, and Lily Liu have joined the firm. Ulrich Sauter, an attorney at law has joined the Tezos as its general counsel, Eelco Fiole, an investment executive and professor for finance ethics would be its CFO, and Lily Liu, a blockchain and tech entrepreneur would advise the organization’s board. Ryan Jespersen, the president of the Tezos Foundation, said these appointments would strengthen the company’s internal capabilities and expertise. (VK)

8 days ago

5 Signs From CES 2019 That Crypto Is Ready for the Mainstream

If you have doubts about the future of crypto, look no further than Las Vegas. The Consumer Technology Association’s CES is the biggest trade show in the world and the biggest event hosted in Las Vegas every year. Over 2.7 million net square feet of exhibit floor space is set aside for over 182,000 tech industry professionals to learn the latest trends in consumer technology. I drove to Las Vegas with a small production team to catch up with the blockchain and cryptocurrency developments at CES 2019. As the winter rolled on (registration was last fall), it became clear through the programming and exhibitors that crypto is a force to be reckoned with this year. Here’s a quick breakdown of the crypto and blockchain highlights from CES 2019 in Las Vegas. 1. Cryptocurrency Hardware Wallets Are Legit Tech Wallets and exchanges shined throughout CES, with Ledger and Trezor both showing off their offerings. Both are available at major retailers and could be expanding their presence in the market in 2019. Ledger introduced the Nano X, which is a Bluetooth-enabled hardware wallet and a step up from its popular Nano S, which sold over 1.5 million units as of the end of 2018. The Nano X can hold up to 100 crypto assets, six times more than the previous version. Ledger is also launching the Ledger Live mobile app that supports Nano S and Nano X users. Meanwhile, I got a hold of a Trezor Model T and bought some Bitcoin to get started in cryptocurrency investing myself. My 2019 resolution is to invest $100 in a new altcoin every month this year. I’ll work on comparing wallets more once I do. Kevin Love from Bundil, the Shark Tank-funded crypto investment app, was also on hand discussing the benefits of crypto investing. 2. Retailers Are Crypto-Curious Retail’s biggest pushback against accepting crypto as payment is volatile pricing, but they’re not necessarily against blockchain technology. CES 2019 had a range of informative sessions throughout the week to demystify crypto for merchants. During “The Great Crypto Debate”, MakerDAO (MKR) President Steven Becker and Bitcoin Foundation’s Brock Pierce participated in a roundtable discussion about the viability of crypto as both currency and technology. And Pundi X(NPXS) hit CES in a big way, showing off its new blockchain-based phone at CES Unveiled. Called “Function X, ” the phone runs on Android 7.0 and the company plans to released 5000 phones to proof the concept before licensing their tech to other manufacturers. If you don’t already know Pundi X, it has point-of-sale devices and a crypto wallet, which, when combined with this phone, creates an end-to-end, blockchain-based connection between retailers and customers. 3. Esports, Media, and Marketing Are Decentralizing Advertising, video games, and media in general are among the leading use-cases of blockchain technology. Tracking creative materials from sounds and images to more complicated work can be frustrating, and it’s hard to know what’s effectively reaching who at the right times. “Blockchain and Advertising: The Possibilities and Realities” paired CTA’s Jack Cutts with Sara Bruno at Arent Fox, MIT Media Lab’s Michael Casey, and Brian Wong from Kiip to discuss how blockchain technology relieves the biggest pain points for ad agencies, including nearly $20 million lost to ad fraud. Casey joined more speakers from Nexus, BTC Inc, and Entertainment AI in another talk on how blockchain is remaking the media and entertainment business. And gaming (especially esports) could be found all over the CES floor, from conferences detailing how developers like Blizzard are adapting to modern digital economies to hardware companies like Nvidia, Razer, and Intel featuring pro gamers at their booths. 4. The Future Is Mobile-First Blockchain is a fundamental technology in the future IoT environment, and CES 2019 made this very clear. IBM’s Jason Kelley and EY’s Louise Keely were among the participants CBS’s Teena Maddox spoke with about cities around the world dipping their toes in blockchain technology. From smart cities to supply chain and operations, blockchain technology is working with IoT to create a mobile-first world. Autonomous cars, flying drones, home entertainment, robot and voice-activated assistants, smart homes, and so much more technology was on display. It’s more clear than ever that we’ll be connected to technology wherever we go. 5. ICOs Are Complicated We cannot possibly say enough about the shift from ICOs to STOs in 2018 and beyond. If you don’t know why, CES 2019 had a surprisingly poignant 90-minute session called “True Confessions: ICOs, Crypto, Tokens and VCs” with Yahoo Finance/USA Today’s Rob Pegoraro discussing the pitfalls of ICOs with people who lived through them. Tim Draper (Tezos), Matthew Roszak (Bloq), and Sam Trautwin (Carbon) were among the people discussing their experiences. Draper has by far the most interesting story, and if you’re not familiar with the Tezos soap opera already, click

12 days ago

8 Ways Ethereum Proved Prophets Of Doom Wrong In 2018

Despite the 90% decline in its price, Ethereum has still been making moves in 2018. Forecasts for its ecosystem development, made last year, may have been exaggerated in terms of what the community could accomplish in 12 months. And that may be why we’re seeing the network valuation come back down to reasonable levels for a nascent technology. When speculators see a falling price it is difficult to sit back and admire everything that the Ethereum network is accomplishing, and it’s even harder to look at Ethereum with an open mind when the mainstream media seems to be focusing their coverage around the price decline and Consensys layoffs. Ethereum has seen greater adoption, regulatory certainty, and institutional interest this year; indicating that the coin is far from dead. As a 2018 year in review, here are 8 positive strides that Ethereum has taken in the last 12 months. 1. Increased Adoption - The Metric That Matters The Ethereum blockchain has seen increased active addresses and onchain transaction volume in 2018, which are both good proxies to measure adoption. The number of unique ethereum addresses recently even broke the 50 million mark, and depending on your source for information, the rate of unique address creation has increased in 2018 as well. According to Consensys, a newly created address was used, on average, for 35.45 days before going inactive, which means that the length of use this year is up over 3x, from an average of 11.25 days in 2017. Smart contract deployment rates have steadily increased in 2018 as well. Approximately 200k smart contracts were created and deployed in June since the start of 2018, and that number has grown to more than 1 million in October and nearly 1.8 million deployed in 2018 to date. This is an increase of nearly 25% year over year. The number of successful calls to smart contracts has remained consistent at 1.2 million per day when compared to 2017. Interest in the Ethereum community is growing in general as well. Reddit’s r/ethereum community has grown to more than twice its 2017 size, from 176k in early December 2017 to 418k in early December 2018, and several telegram communities have more than doubled their users as well. Other metrics to note that may show increased adoption are that Metamask has had over 700k downloads in 2018 and that Infura serves 10 billion API calls per day as of the first week of December. 2. Regulatory Certainty, Kinda Sorta On June 14th, 2018, William Hinman, Director of Corporate Finance at the U.S. Securities and Exchange Commission, made remarks indicating that he believed ETH is not a security. This gave rise to the notion that projects could start out as securities, and become decentralized enough to avoid security status despite having an ICO and a pre-mine. It’s important to note that this is only the opinion of one SEC official, and that this has not be proven true in court, but regulatory certainty paves the road for increased institutional adoption in 2019 as the participants can be more confident in their compliance. 3. Creating A Successful dApp Ecosystem 2018 was supposed to be the year that decentralized applications were to take off, and many ICO projects fell short of expectations. We do need to recognize, however, that several projects successfully launched on Ethereum in 2018 and are thriving. Despite increased competition from other platforms, Ethereum dApps still represent 95% of the total market share for dApps. Two projects to highlight that launched on Ethereum this year are Maker’s Dai and Augur. Maker launched Dai, a crypto-backed stablecoin, on Ethereum 12 months ago. In the last 12 months the ecosystem grew to hold over 1.6 million ether, has secured over 5000 collateralized debt positions, and maintained its peg during a 94% collapse in the price of ether. A major criticism of crypto collateralized decentralized stablecoins is that they cannot hold their peg amidst a collapse in the underlying collateral. With ETH collateralized debt positions, Dai was able to hold its peg to $1 while Ethereum’s price crashed down below $90, even after some CDPs were opened at ETH prices of over $1300 in January. This shows the resiliency of decentralized financial applications built on Ethereum. Maker has made other developments in 2018, notably that the code is ready to start offering multi-collateral Dai where debt positions can be backed by coins other than Ethereum such as ERC20 tokens. In regards to Augur, the project launched this past July and the development team was able to remove the backdoor into the system just weeks after launching, which shows their confidence in their solidity smart contracts and the back-end smart contracts have worked flawlessly to date. Approximately 15k ETH has been traded on Augur to date and millions of dollars have been staked on several markets. Another dApp project to highlight, developed by the team at Loom, is the game Crypto Zombies, which has seen over 400k unique

15 days ago

Coinbase’s Q4 accomplishments hints staking feature; possible listing of Tezos [XTZ]

Brian Armstrong, the CEO of Coinbase wrote a blog about Q4 accomplishments of 2018 and briefly mentioned the tasks they will be focussing on in the future. This blog mentions clearly that Coinbase is looking at a feature of staking to be made available in the near future and more proofs to substantiate it. Coinbase recently partnered with TokenSoft Global Markets, a broker-dealer registered with the US Securities and Exchange Commission [SEC]. In addition to the above, Coinbase Custody has also partnered with Electronic Transaction Clearing [ETC], which is also an SEC-registered broker-dealer and FINRA member. Moreover, Coinbase reflected upon its custody service in the blog, it stated: “We established Coinbase Custody as a limited purpose trust company under New York State Banking Law to operate as an independent Qualified Custodian, allowing us to compliantly store more assets and potentially add new features like staking.” Further into the blog, Armstrong mentions Coinbase’s successful partnerships/investments which conveniently includes “Staked.us”. Staked.us is already running test nets of Ethereum [ETH]’s Casper, EOS and Cosmos. The website also stated that it has plans to add Tezos, Dfinity, NuCypher, Livepeer, Keep, Factom and Ark nodes in the coming months. The cryptocurrency community already started this speculation on Reddit taking into consideration the above-mentioned facts. Redditors in the post speculate that Tezos could very well be the next cryptocurrency that will be added to Coinbase’s list. Mikeroyale, a Redditor commented: “Looks like Tezos is imminent Coinbase, have noticed their server answering to XTZ requests... “ Furthermore, Staked.us has already indicated that Tezos is live and users can delegate XZT for staking. The website also shows an annual staking yield of 9.7% for Tezos. Another Redditor, aeaf123 commented: “Sooner or later it seems plausible. Unless you are in the know this is all just a hypothetical anyway. Everyone would be pretty stoked about it im sure. Tezos does keep a low profile. What I think is good about that is its speaks more on its legitimacy opposed to other things that are more hype and less actual substance.” The post Coinbase’s Q4 accomplishments hints staking feature; possible listing of Tezos [XTZ] appeared first on AMBCrypto.

15 days ago

Tezos (XTZ) Gets Listed on Changelly Cryptocurrency Exchange

The cryptocurrency Tezos (XTZ), a new platform for smart contracts, decentralized applications, and on-chain governance, was recently listed on the Changelly cryptocurrency exchange, providing interested parties an easy way to purchase XTZ without the hassle of traditional exchanges. The Changelly exchange operates via a ‘supersonic swap’ mechanism, whereby users send a crypto in their possession to a specified address, and in return, they will receive their desired cryptocurrency at an address that they control. (JF)

22 days ago

Ethereum Cashed Out By ICOs Hits A New High In December

Over the last couple of years, ICOs raised millions of dollars to build multiple projects. As the markets have slowed down, ICOs are now cashing out more Ethereum than ever. In December 2018, ICOs cashed out a whopping 420,000 ETH (approx. $52 million). The previous high was only 290,000 ETH last month. However, by dollar value, December was the lowest. Tezos alone liquidated 82,000 ETH in November. ICOs are struggling to stay afloat as the money in their reserve is a fraction of what they raised. Ethereum (ETH) is priced at $125.87, losing 3.14% in the last 24 hours. (VS)

23 days ago

Tezos Devs Launch A Paris-Based Hub

A team of lead architects behind the Tezos betanet is settling down. The Tezos Foundation, alongside OCamlPRO developers Benjamin Canou, Grégoire Henry and Pierre Chambart have launched Nomadic Labs, a new Paris-based R&D entity. While they may have new digs, the team remains focused on the Tezos protocol and will also help to train up-and-coming developer talent at events. […]

a month ago

What 460 Million Bitcoin Addresses Tell us About the State of Cryptocurrencies

Amid the constant price fluctuations, project updates and news about regulations, it’s hard to tell exactly how well the process of bitcoin adoption is going. A recent report published on Chainalysis.com revealed data about the activity of bitcoin wallet users. The first interesting data point shows that only 37% of the 460m addresses (172m) are ‘economically relevant’, which means they are controlled by people or services who hold BTC. Of these 172 economically relevant addresses, 86% (or 147m) belong to a named service (Binance, Tezos wallet, etc.) or darknet market. None Economically relevant addresses seem only to have single use cases like holding bitcoin for a short period to facilitate a transaction between 2 people (similar to an escrow). Addresses division: chainalysis.com In the second the part of the report there is being an attempt to predict how many of the value of the transaction in the network is having a real economic value, that is that is happening between economic addresses. The report suggests that only 20% of the transactions are being done between economically relevant addresses. “Between August and October 2018, some $41 billion of transactions were executed — and only $9 billion had real economic value.” What this data reveals is that we still have a long way to go until true adoption of bitcoin occurs. Outside factors, such as high volatility and lack of implemented scalability solutions have had the most significant impact on Bitcoins inability to achieve more substantial adoption as a form of payment: Bitcoins price has dropped by more than 80% in the past year, discouraging many people who would have been happy to use it as a form of payment to shy away due to the fear of losing their funds in the bear market. Lightening network is progressing at a slow but steady pace. The throughput of its 11,000 nodes just recently surpassed $2 million in transaction capacity, a significant step for Bitcoins premier scalability solution. The number of merchants willing to accept bitcoin seems to have declined at almost the same rate as the price. Data from Chain analysis showed that Bitcoin usage across merchants and payment providers has dwindled by as much as 80%, despite the innovations with Lightning network and growth in public awareness of the technology. Ultimately, if these three key factors can be improved (volatility, scalability and merchant adoption), then we will be sure to see not only more bitcoin addresses but also a more significant percentage of bitcoin addresses being economically relevant. The post What 460 Million Bitcoin Addresses Tell us About the State of Cryptocurrencies appeared first on CryptoPotato.

a month ago

Coinbase Announces Rollout in Six New European Markets

CoinSpeaker Coinbase Announces Rollout in Six New European Markets Zeeshan Feroz, Coinbase’s U.K. CEO, said the firm looks for markets that are “close to or within jurisdictions that we operate in today” when it decides on new expansions. The company recently opened a new office in Dublin, as part of a contingency plan to continue to have access to the bloc post-Brexit. Some of the markets Coinbase is expanding into are becoming increasingly popular destinations for cryptocurrency and blockchain-related start-ups. The company was able to participate in a total of 33 countries and help people to buy and sell crypto assets in these countries. Now, Coinbase has added six European markets in the following regions: Andorra, Gibraltar, Iceland, Lithuania, Isle of Man and Guernsey. Today, we’re taking another stride toward realizing our mission of creating an open financial system for the world by announcing the rollout of Coinbase to 6 additional markets around the world. Learn more here: https://t.co/A07HxXmqn1 It's Day 11 of 12 Days of Coinbase. pic.twitter.com/n235o22uyn — Coinbase (@coinbase) December 20, 2018 Gibraltar is, for example pretty interesting because it has a domestic licensing process for such firms to become registered blockchain technology providers. Iceland, however, has become a popular hub for so-called cryptocurrency mining due to an abundance of renewable energy. Feroz said: “I think you can expect a more aggressive approach to us adding more countries in the coming months. Much of what we’re doing here is driven by customer needs and what we’re seeing in the market.” Bitcoin has fallen nearly 80 percent since its record high in December last year. The world’s most valuable virtual currency was trading above $4,000 on Thursday for the first time in two weeks. Feroz added: “I think if you look at last year, a lot of the focus was on people who bought crypto from an investment point of view and a lot of projects raised a ludicrous amount of money as a result of that.” In Coinbase they confirmed that the new customers in these markets will be able to make full use of Coinbase.com and their iOS and Android apps, allowing them to buy and sell cryptocurrencies on the Coinbase platform for the very first time. They said they are hoping to make Coinbase Pro and Prime available in these regions over time. Coinbase Believe That Crypto is “Without Borders” Just this week, Coinbase was able to put new assets on the exchange. These were mostly ERC20 Ethereum-based tokens and they were not added to all the jurisdictions of the company until now. These new assets include Golem (GNT), Maker (MKR), DAI and Zilliqa (ZIL). Before that, they launched 0x (ZRX), Basic Attention Token (BAT), and their stablecoin, USD Coin (USDC) across all Coinbase platforms, they also added Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA) to Coinbase Pro. The exchange then said: “Our decision to add ERC20 tokens first is based on the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint.” They also announced that next year they will continue expanding rapidly into new regions and adding assets to the Coinbase platform to meet customer demand. Two weeks ago they said they are continuing to explore the addition of new assets. This work also includes close cooperation with regulators and banks in order to make these new cryptocurrencies available for Coinbase customers in as many jurisdictions as possible. The company has also published the list of 31 potential new additions which includes among others the above-mentioned XRP, EOS, Cardano (ADA), NEO and Tezos (XTZ). Nevertheless, the company warns that there is no any guarantee that all the cryptocurrencies included into this list will be added to the platform. Such a situation is explained by the fact that some restrictions could be imposed on concrete coins or they could be not listed due to the results of their evaluation. Some cryptocurrencies may become available only in particular jurisdictions. Coinbase Announces Rollout in Six New European Markets

a month ago

RChain cooperative reportedly ‘functionally bankrupt’ after questionable deals, with investors and developers losing faith

RHOC was an investors’ dream. Ranking 30th on CoinMarketCap and led by an all-star team including Vlad Zamfir, the coin was well on its way to stardom as the token behind RChain - the blockchain platform hoping to rival Ethereum. No doubt it stood out among the likes of Tezos and EOS, focusing on implementing the first proof-of-stake validation and eventually hosting multiple decentralized apps (DApps) to address Ethereum’s scalability issues. But today, RChain is reportedly facing a major budgetary shortfall and investor backlash over its alleged financial “mishandling”, including reportedly incomplete balance sheets and the purchase of a million-dollar house, according to documents reviewed by The Block. Management faces scrutiny over a $23.5 million acquisition, for which RChain still owes liabilities of $15m. Meanwhile, its lead developer, Medha Parlikar, quit in October alongside three board members, including CFO, Kate Gonsalves, who resigned on the 7th December. RHOC’s ranking has also dropped from 30 to 211 (accounting for widespread market falls). CEO Greg Meredith told The Block that the RChain’s treasury’s downturn was due to “poor management” by a third-party advisory and “the sharp decline in the crypto market.” But according to four early investors, the problems go far deeper. Several sources asked for anonymity due to potential legal action against RChain, but include members of the Asian investment contingency, who reportedly make up 50% of the total cooperative. They say the group is “very upset” with RChain’s lack of accountability and what they describe as “reckless investments.” And they want answers. Big deals, big debt The first red flag, sources say, was the $23.5 million purchase of a 5-year license for an audio codec by Immersion Networks. Immersion’s technology is helping to build the Rsong app, which allows users to rent songs in high-definition from the RChain blockchain. Investors doubted not only the deal’s relevance to the development of a high-transaction blockchain but also the enormous price tag - given RChain only raised $31 million in its ICO. They also say the full amount was not disclosed to them until two months later. “I’m not saying it’s not a good piece of tech. But it was a crazy amount for what we had. Let’s say you’re building a house for yourself and it’s $1m. But then you find a nice piece of furniture and you blow half a million on it. And now you don’t have enough to finish the house and you’ve completely destroyed the main project you’re working on,” said one investor. “[Greg Meredith] sold the company to investors by saying we would be part of the decision-making process. But he made an investment that was outside his realm of expertise without consulting experts who could give him a strategic vision,” said another. Immersion’s COO acknowledged to The Block that “Immersion is a very small component of the App.” which begs the question: why was such a large amount of money spent? When approached for comment, Meredith defended the purchase, saying RSong would be a “flagship app,” with the Immersion partnership serving as a “marketing deal” by showing it is stable enough to deliver audio data. “The tech is so compelling that artists are literally clamoring to get on,” he said. However, RSong currently only has three songs on it and has been out for over 3 months. Meredith confirmed RChain was seeking to defer payment for the remaining $15.5 million due until it is more liquid. He also hinted the deal would pay off, saying they were in “ongoing negotiations” around Immersion that could make it “immediately profitable.” However, RChain - who sources describe as “functionally bankrupt” and dependent on the deal - may not be in a strong negotiating position. “Even he manages to sell it, to have done it in the depths of the bear market, to take all your remaining funds, to take on debt, is irresponsible. They’ve killed the project,” said one investor. Indeed, the last updated balance sheet, published in October, shows RChain Ltd. is in a USD deficit, with an additional $5 million tax bill estimated. It also indicates they hold over 480,000 RHOC, an extremely illiquid position and whose presented-USD value is grossly inflated given current market prices. It’s unclear what, if any, performance, lockup, or milestone-constraints are necessary to utilize these tokens. “Backroom” deals? Another concern investors have raised is over RChain’s strategic partnership with Pithia, a VC fund enlisted to help build the RChain ecosystem. Pithia was loaned 105 million RHOC tokens in 2017 (then worth more than $1 each) to “find and fund” 12 start-ups, in exchange for keeping 20% of any profits they returned. However, the companies renegotiated the contract in August 2018 with an unusual new clause stating that if RChain failed to launch its central Mainnet platform by March 31st, 2019, Pithia could terminate the contract and keep any remaining RHOC. “That just makes no sense,”

a month ago

RChain cooperative ‘functionally bankrupt’ after questionable deals, with investors and developers losing faith

RHOC was an investors’ dream. Ranking 30th on CoinMarketCap and led by an all-star team including Vlad Zamfir, the coin was well on its way to stardom as the token behind RChain - the blockchain platform hoping to rival Ethereum. No doubt it stood out among the likes of Tezos and EOS, focusing on implementing the first proof-of-stake validation and eventually hosting multiple decentralized apps (DApps) to address Ethereum’s scalability issues. But today, RChain is in a major budgetary shortfall and facing an investor backlash over its financial mishandlings; stretching from incomplete balance sheets to the purchase of a million-dollar house, according to documents reviewed by The Block. Not least, the management faces scrutiny over a $23.5 million acquisition, for which RChain still owes liabilities of $15m. Meanwhile, its lead developer, Medha Parlikar, quit in October alongside three board members, including CFO, Kate Gonsalves, who resigned on the 7th December. RHOC’s ranking has also dropped from 30 to 211 (accounting for widespread market falls). CEO Greg Meredith told The Block that the Treasury’s downturn was due to “poor management” by a third-party advisory and “the sharp decline in the crypto market.” But according to four early investors, the problems go far deeper. Several sources asked for anonymity due to potential legal action against RChain, but include members of the Asian investment contingency, who reportedly make up 50% of the total cooperative. They say the group is “very upset” with RChain’s lack of accountability and allegedly reckless investments. And they want answers. Big deals, big debt The first red flag, sources say, was the $23.5 million purchase of a 5-year license for an audio codec by Immersion Networks. Immersion’s technology is helping to build the Rsong app, which allows users to rent songs in high-definition from the RChain blockchain. Investors doubted not only the deal’s relevance to the development of a high-transaction blockchain but also the enormous price tag - given RChain only raised $31 million in its ICO. They also say the full amount was not disclosed to them until two months later. “I’m not saying it’s not a good piece of tech. But it was a crazy amount for what we had. Let’s say you’re building a house for yourself and it’s $1m. But then you find a nice piece of furniture and you blow half a million on it. And now you don’t have enough to finish the house and you’ve completely destroyed the main project you’re working on,” said one investor. “[Greg Meredith] sold the company to investors by saying we would be part of the decision-making process. But he made an investment that was outside his realm of expertise without consulting experts who could give him a strategic vision,” said another. Ironically, Immersion’s COO acknowledged to The Block that”Immersion is a very small component of the App,” which begs the question: why was such a large amount of money spent? Still, when approached for comment, Meredith defended the purchase, saying RSong would be a “flagship app,” with the Immersion partnership serving as a “marketing deal” by showing it is stable enough to deliver audio data. “The tech is so compelling that artists are literally clamoring to get on,” he said. However, RSong currently only has three songs on it and has been out for over 3 months. Meredith confirmed RChain was seeking to defer payment for the remaining $15.5 million due until it is more liquid. He also hinted the deal would pay off, saying they were in “ongoing negotiations” around Immersion that could make it “immediately profitable.” However, RChain - who sources describe as “functionally bankrupt” and dependent on the deal - may not be in a strong negotiating position. “Even he manages to sell it, to have done it in the depths of the bear market, to take all your remaining funds, to take on debt, is irresponsible. They’ve killed the project,” said one investor. Indeed, the last updated balance sheet, published in October, shows RChain Ltd. is in a USD deficit, with an additional $5 million tax bill estimated. It also indicates they hold over 480,000 RHOC, an extremely illiquid position and whose presented-USD value is grossly inflated given current market prices. It’s unclear what, if any, performance, lockup, or milestone-constraints are necessary to utilize these tokens. “Backroom” deals? Another concern is over RChain’s strategic partnership with Pithia, a VC fund enlisted to help build the RChain ecosystem. Pithia was loaned 105 million RHOC tokens in 2017 (then worth more than $1 each) to “find and fund” 12 start-ups, in exchange for keeping 20% of any profits they returned. However, the companies renegotiated the contract in August 2018 with an unusual new clause stating that if RChain failed to launch its central Mainnet platform by March 31st, 2019, Pithia could terminate the contract and keep any remaining RHOC. “That just makes no sense,” said one major investor, who in

a month ago

What is Tezos?

There is plenty of innovation in the cryptocurrency and blockchain industry. As such, keeping tabs on all of the innovative and potentially groundbreaking developments is of the utmost importance. Tezos, while a somewhat plagued project over the past few months, has been somewhat successful throughout its existence. Now is a good time to look at what the project is all about. The Tezos Vision Explained There are two main concepts about Tezos which users need to take into account at all times. First of all, the projects itself is all about formalizing blockchain governance, which can have a bigger impact than one might anticipate. Additionally, the stakeholders, who own XTZ tokens, will govern the Tezos protocol and thus steer the direction in the best direction. Under the Hood of Tezos There are some key aspects of Tezos which make the project quite interesting to keep an eye on. It is a new platform which lets developers build smart contracts and decentralized applications. This has become a very popular trend among altcoins and tokens throughout 2017 and 2018. Bringing competition to Ethereum, Tron, NEO, and EOS will be a challenge for Tezos, but it is not impossible. As mentioned earlier, Tezos relies on on-chain governance. To be more specific, the project utilizes a formal process through which stakeholders can govern the protocol and implement future innovations. As such, the ecosystem is primarily dominated by the stakeholders, whereas the developers maintain the code and introduce new features as the community sees fit. This is how a decentralized project is supposed to be run, at least on paper. Additionally, Tezos uses a proof-of-stake consensus algorithm which has not been utilized by any other project before. This makes it easier for stakeholders to participate in the validation of transactions and earn rewards for effectively doing so. This also means it is impossible to mine XTZ coins, as tokens were sold through an initial coin offering. A Troublesome History It has not been an easy year for Tezos. Ongoing conflicts between the founders and the Tezos Foundation ensured investors had to wait nearly a full year to receive their tokens after investing. Several lawsuits were filed in the process, albeit it seems most of those have been handled without any damage to the project itself. As all issues are now behind the team, the focus can shift toward the future. The post What is Tezos? appeared first on NullTX.

a month ago

Why Coinbase Will List More ERC20 Tokens In the Coming Days

Only a few hours ago, crypto traders were treated to an early Christmas by Coinbase as the exchange listed 4 new cryptocurrencies on its Pro Version of the platform. The newly listed digital assets are Dai (DAI), Maker (MKR), Golem, (GNT) and Zilliqa (ZIL). The exchange went on to state that the smart contract functionality of these tokens will initially not be available. The announcement by Coinbase stated: Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform. Coinbase’s Intention to Support the ERC20 Technical Standard Across the Platform News of the addition of more ERC20 tokens does not come as a surprise to many crypto enthusiasts who were aware that the exchange had announced its plan to support the Ethereum ERC20 technical standard on the platform. A March 2018 announcement by the exchange stated the following: We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future... Prominent ERC20 Tokens Listed By Coinbase The past few months and days have seen the platform list the following ERC20 tokens: 0x (ZRX), Basic Attention Token (BAT), USD Coin (USDC), Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). This is in addition to the recently listed DAI (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL). Revisiting the List of 31 Digital Asset the Exchange Had Announced it Was Exploring Out of the 31 digital asset that Coinbase has announced it was exploring on supporting on the platform, only 6 are on their own blockchain networks. They include ADA, EOS, NEO, XLM, XRP and Tezos (XTZ). The rest are ERC20 tokens. A list of ERC20 tokens yet to be listed by the exchange are as follows. Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), EnjinCoin (ENJ), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loopring (LRC), Mainframe (MFT), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT) and Storj (STORJ) Savvy crypto traders have probably started the process of elimination to try and figure out which of the 17 remaining tokens will be next on Coinbase thus providing profitable trading opportunities. What About XRP, Stellar (XLM) and Cardano (ADA)? Based on Coinbase’s aforementioned preference to list ERC20 tokens first, it is safe to conclude that the exchange will not list the popular cryptocurrencies of XRP, XLM and ADA anytime soon. However, their is still a slight chance that the exchange might surprise us like they did when they listed ZCash. No one expected them to list ZEC before XLM and ADA. As we approach Christmas, the odds of Coinbase surprising us by listing an unlikely coin (not ERC20 token) should be considered. But we also have to be realistic based on the fact that ERC20 tokens are more likely to be listed before XLM, ADA and XRP. What are your thoughts on the possibilty of Coinbase continuing to list more ERC20 tokens? 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 Why Coinbase Will List More ERC20 Tokens In the Coming Days appeared first on Ethereum World News.

a month ago

The 2018 Asia Awards: 5 Western Projects Successfully Making Way into Asia

As you may have read in the last few weeks, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)Asia Countries ex-China (with commentary on regulations, media sentiments, crypto projects, exchanges, and company developments)Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc)Crypto Projects and Funding Trends Check out our previous pieces on China, Japan, Korea, Singapore, etc. This week, we are touching on Crypto Projects and Funding Trends. And as we wrap up with 2018, we are introducing an onetime piece around Crypto projects this week. That is, we look back on 2018 and identify 5 role model western projects that have successfully been making way into Asia. We also recently saw great reception with our Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore post, and we’ve shared a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. The 2018 Asia Awards: 5 Western Projects Successfully Making Way into Asia Unlike most folks in the industry, we at GCR have been appreciating and enjoying this bear market. We have fewer conferences and less fundraising activities going on, and companies can finally learn how to be resourceful and bootstrap in preparation for this ongoing Crypto winter. At this point in time, many projects in the US are building and looking to fulfill their promises to ship something in the first half of 2019. At GCR, we believe that for protocols and blockchain projects, building technology is great, but not enough. Blockchain technology and token design should be, and indeed continue to be, the priority (for now), but we do not believe it should be the only thing that projects focus on. With the promise of decentralized communities that many projects initially laid out in their visions, we believe that the founding team ought to spend at least 10% of their time thinking about their go-to-market strategy, and where and who their initial adopters would be. On a high level, we are seeing projects falling into 2 paths right now when approaching user adoption. In the 1st path, the project launches locally, then wait for adoption to grow, and then launch in a number of regions around the world, something like an Uber model. And for path 2, the project starts off by simultaneously building communities in various locations around the world, and then launch product and gauge community adoption and participation. Both paths have their pros and cons, and projects may find that one path may fit for them better than the other. We often see projects that are often a technically strong team, have built decentralized products, and want to build communities around the world. However, they don’t know how to go about building global communities or they don’t know where to start. Another reason that often prevents these projects from pursuing path 2 is cost. Going abroad and spending time in foreign countries is more expensive on a time and dollar basis. At least that is the case initially. In either case, for many of these companies looking for adoption, it has increasingly become apparent to them that their first launch market may not be the US, or anywhere near the Western Hemisphere. GCR has a primary focus on Asia, and as a result, we have identified companies who has been actively building out a presence in Asia. There are many projects that do trips in Asia once or twice a year, and certainly commend them for their effort. But given the massive amount of $ that these projects have raised, we don’t think that is enough. At GCR, we evaluated projects that raised money from late 2017 and early 2018. There are a number of standout companies that have dedicated notable resources to Asia and we’d like to recognize them as role models in the space that other projects can look to learn from their successes, and failures. We applaud these companies as we believe they are doing some of the hardest work uplifting local communities, dedicating resources to educate local communities on Blockchain technology, and actively participating and contributing to the regional ecosystems, all the way from the other side of the world. Without further ado, here are the top 5 thoughtful western companies successfully making way into Asia. Tezos Foundation In 2018, GCR is recognizing Tezos and its Foundation for their commitment to promote Blockchain education to young people and in universities in Asia. Tezos and its foundation have had its fair of media spotlight beginning of this year, but in the second half of the year, the foundation has been making way successfully

a month ago

The 2018 GCR Asia Awards: 5 Western Projects Successfully Making Way into Asia

Unlike most folks in the industry, we at GCR have been appreciating and enjoying this bear market. We have fewer conferences and less fundraising activities going on, and companies can finally learn how to be resourceful and bootstrap in preparation for this ongoing Crypto winter. At this point in time, many projects in the US are building and looking to fulfill their promises to ship something in the first half of 2019. At GCR, we believe that for protocols and blockchain projects, building technology is great, but not enough. Blockchain technology and token design should be, and indeed continue to be, the priority (for now), but we do not believe it should be the only thing that projects focus on. With the promise of decentralized communities that many projects initially laid out in their visions, we believe that the founding team ought to spend at least 10% of their time thinking about their go-to-market strategy, and where and who their initial adopters would be. On a high level, we are seeing projects falling into 2 paths right now when approaching user adoption. In the 1st path, the project launches locally, then wait for adoption to grow, and then launch in a number of regions around the world, something like an Uber model. And for path 2, the project starts off by simultaneously building communities in various locations around the world, and then launch product and gauge community adoption and participation. Both paths have their pros and cons, and projects may find that one path may fit for them better than the other. We often see projects that are often a technically strong team, have built decentralized products, and want to build communities around the world. However, they don’t know how to go about building global communities or they don’t know where to start. Another reason that often prevents these projects from pursuing path 2 is cost. Going abroad and spending time in foreign countries is more expensive on a time and dollar basis. At least that is the case initially. In either case, for many of these companies looking for adoption, it has increasingly become apparent to them that their first launch market may not be the US, or anywhere near the Western Hemisphere. GCR has a primary focus on Asia, and as a result, we have identified companies who has been actively building out a presence in Asia. There are many projects that do trips in Asia once or twice a year, and certainly commend them for their effort. But given the massive amount of $ that these projects have raised, we don’t think that is enough. At GCR, we evaluated projects that raised money from late 2017 and early 2018. There are a number of standout companies that have dedicated notable resources to Asia and we’d like to recognize them as role models in the space that other projects can look to learn from their successes, and failures. We applaud these companies as we believe they are doing some of the hardest work uplifting local communities, dedicating resources to educate local communities on Blockchain technology, and actively participating and contributing to the regional ecosystems, all the way from the other side of the world. Without further ado, here are the top 5 thoughtful western companies successfully making way into Asia. Tezos Foundation In 2018, GCR is recognizing Tezos and its Foundation for their commitment to promote Blockchain education to young people and in universities in Asia. Tezos and its foundation have had its fair of media spotlight beginning of this year, but in the second half of the year, the foundation has been making way successfully into Asia through partnerships with universities and conducting meetups around Blockchain education. We look forward to more great things coming out from the team. “The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding initiatives imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation.” Since August, the Tezos foundation team has been hard at work in writing research grants, initiating a number of university events and educational meetups in Asia around blockchain and OCaml. They have started forming deeper relationships in a number of cities in Asia through local partnerships and Memorandum of Understanding (MoU) agreements. Some academic areas of focuses have included training students on OCaml, the programming language that Tezos is written in; partnering on a programming book with a professor from National University of Singapore; speaking about technical challenges facing blockchain at National Taiwan University Department of Computer Science & Information Engineering; doing meetup in Japan discussing PoS algorithms; and launching a Masterclass at Nanyang Technological University in Singapore. The project has also set up various meetups in Southeast Asia in cities such as Bangkok and Han

a month ago

Interview: Alex Mashinsky on the Celsius Network, Bitcoin, Ethereum, and the blockchain’s killer app

It has been a phenomenal year for VoIP pioneer and Celsius Network mastermind Alex Mashinsky: he’s successfully launched a blockchain project which has a clear plan, is compliant, and has a well-defined use case, he’s participated some of the most important debates in the industry, and he has grown his business and influence even in the middle of a destructive bear market. Under these considerations, it made a lot of sense to invite the Ukrainian entrepreneur to a discussion about the most important developments and phenomena in the ever-bourgeoning blockchain industry. During this exclusive Crypto Insider interview, he spoke about some of the most notable events he’s witnessed in 2018, as well as his vision for Celsius. Attached you will find the first part of the interview in both video and written form. The second part contains a more in-depth analysis of the Celsius Network app, with practical examples given during a process where Vlad deposits some coins into the ecosystem. Full transcript: Vlad Costea: Hello and welcome to another Crypto Insider interview! I am Vlad and today I’m speaking with Alex Mashinsky, who is the creator of the Celsius Network as well as an innovator in the field of TCP/IP. Hello, Mr. Mashinsky! Alex Mashinsky: Hi, Vlad. Thanks for having us. Vlad Costea: So it’s VOIP not TCP/IP, right? Alex Mashinsky: It’s VOIP, but it uses TCP/IP so yes, it’s part of the protocol. Vlad Costea: Okay. So... I have so many questions to ask you right now, I’m not sure what I should begin with. But let’s talk about the way I found out about you and your activity. And it was during the Milken Institute debate, which I found fascinating. You debated a representative of the US reserve. I think his name was Macintosh. Alex Mashinsky: Yes, there were um... there was the founder of Abra which is a wallet company. Yeah, and Nouriel Roubini and we had a representative from the Federal Reserve. [1:16] Vlad Costea: Okay, so I noticed during the debate that you’re basically the first crypto socialist I ever discovered. You talk about the policy - you talk about all these issues with the world wealth and you talk about where this redistribution trick through crypto currencies and that to me was an eye opener. Alex Mashinsky: Well, so I was born in the Ukraine - so, born in communism. Grew up in socialism in Israel. Spent 30 years in the United states. I tried all three systems, you know economic systems that we have. And each one of them has its own set of problems. Obviously, communism does not work for most people, but the system has tried to create equality for everybody. Socialism is basically saying we have to have a safety net for everybody, right? So we’re going to catch anyone who is falling through the system - you know, has medical problems or anything like that. And capitalism is a system that’s very good for the 1% but not so good for the 99%. So really, humanity is struggling to come up with an inclusive system that could be acting in the best interest of the 7 1/2 billion people that are living on this planet. And I view the blockchain powered by crypto currencies as the 4th system. So it’s not that I’m a crypto socialist, it’s more that I think we can take the best ideas from the other 3 systems and create something that is for the people by the people vs people like me that got to immigrate to the US and do several start ups and be successful get to enjoy all the benefits, but most people on the planet don’t have access to these opportunities. [3:20] Vlad Costea: Do you find any ideological common ground with Nick Szabo who talks about social scalability? Alex Mashinsky: Nick is a good friend. He’s based here in New York, as well. I think he is a purist - meaning he believes that Bitcoin is the solution for everything. And, my views - I agree with him at the high level on the ideas but I think that the killer app or the blockchain that is going to enable everything that I just talked about has not yet been invented. Vlad Costea: Oh, ok. But it was much more about the idea that there are nearly 8 billion people living on this planet and the resources are very limited. He believes that blockchain and Bitcoin are going to enable a fairer and smarter distribution of resources. Alex Mashinsky: Well, fairer and smarter distribution is definitely the right thing. That, I would not say that we have limited resources. Just to give an idea we, in the US, we throw away a 1/3 of all the food we produce every year. Just throw it away because of expiration date because it wasn’t consumed on time, or because it was not eaten completely or whatever. The modern waste that the West generates, especially the US, is just colossal. We can feed the entire planet with just the waste the US is produces. [5:04] Vlad Costea: I’ve watched you debate Nouriel Roubini, who is maybe the most vocal critic of cryptocurrencies and I’ve seen you take on him during the Milken Institute debate and later during the Blockchain

a month ago

Do yourself a favor, and if you are delegating to an overdelegated service CHANGE IT.

As every cycle since some cycles, the last 1/3 is terrible with slow chain and late endorsements, plus alternative chains and other issues. Reason? **Overdelegation** ​ Tezos Community (Heavy) Tezzigator (Heavy) We are Tezos Tezos Tokyo Tez Rocket (Heavy) CryptoPool (Extremely overdelegated) ZedNode ​ Just 5 min search to discover the above **Whoever is delegating to one of the above services is:** \- Either getting a cut reward **or even 0** in some cases **- Reducing the rewards for all the Ecosystem** \- **Slowing the chain** (P1-2-3 blocks takes more time than P0) ​ At least 5 more services are going to be in VERY bad shape at cycle 64+. Not mentioning them because they have time to cover the situation. I am talking of 20-25% of the total tezzies being uncovered by bond, so **you are probably paying a real fee that is getting close to 40% in some cases.** And I didn't even mention who is delegating to shady services or scams. Please if you are delegating to the above services, **contact them and ensure you are getting the full share** (that you can check on Tzscan), or at least contact the service to get an explanation. **About 15-25% of you isn't getting any reward or a major cut and will get worse. It's not an opinion, it's a fact** # If you are getting a cut (as it's very very likely) do yourself a favor and change delegation services. Plenty of quality bakers with room out there. To our fellow bakers: I apologize if i had to cite your services. Some of you (not all) even made statements about overdelegation and I know you can't refuse more delegations if coming. But this situation is becoming explosive and we have one more month with increasing bond and this will get much much worse. This is lowering ALL the rewards of all the bakeries, so - be responsible. ​ *Please consider that this isn't any form of shilling. We as TezoSteam don't have the capacity to absorb the 10M+ of overdelegated coins, just a part. I made this for all the UNDERdelegated bakeries. So I invite any overdelegated delegator to DYOR and understand if the new delegators he's choosing has room. Don't make this worse*

a month ago

Nadando contra a maré: Criptomoeda Waves valoriza mais de 70% nos últimos 30 dias

Por: Livecoins Eu sei que todo mundo já sabe mas, não custa nada lembrar: Todo o mercado de criptomoedas está no vermelho, amargando perdas de mais de 30% desde meados de novembro, pânico geral, sonhos foram destruídos, holders viraram solders, um caos, mas uma moeda entre as 100 maiores por capitalização de mercado subiu mais de 50% nos últimos 30 dias, um brilho na escuridão: Waves. Com um aumento de preço de 10% nas últimas 24 horas, e mais de 70% no mês, a Waves é uma das únicas moedas não afetada pela tendência de queda do mercado, tornando-se uma das maiores altas. Preço Waves últimos 30 dias. Uma série de boas notícias na semana passada permitiu que a moeda ganhasse um impulso de alta que raramente é visto nesses casos de queda generalizada - e é bom lembrar que o preço da Waves ainda está muito longe de sua alta histórica de US $ 16. No dia 10 de dezembro, a desenvolvedora de uma plataforma blockchain pública global anunciou que estava lançando um plugin do navegador Mozilla Firefox, além do plugin do Chrome, chamado Waves Keeper, usado para gerenciar chaves privadas. O fundador da Waves, Sasha Ivanov, twittou na semana passada que a plataforma também lançará e ativará ‘Waves Smart Assets’: Upcoming smart assets on $waves can do: whitelists, #ico tokens freezing, taxation (token issuer collects transfer fees), trading against only certain currencies and more, you will have to use your imagination 🙂 all what #erc20 is used for but with much less hassle. — Sasha Ivanov (@sasha35625) December 5, 2018 O sentimento otimista vem seguindo a Waves há algum tempo. A moeda vem subindo desde o início de dezembro, quando a equipe anunciou uma atualização muito aguardada no aplicativo Waves Mobile, que incluiu uma exchange descentralizada e permitiu a compra de tokens Waves diretamente com cartões de crédito de dentro do aplicativo, tornando o token muito mais acessível com moedas fiduciárias do que no passado. Até agora, o aplicativo tem mais de 100.000 instalações na Play Store do Google para dispositivos Android. Quase nenhuma outra criptomoeda teve ganhos como a Waves. Em termos de ganhos de preço de 24 horas, apenas a Decred está no verde com cerca de 5%, outras estão com ganhos muito próximos de zero. Quando se trata de altas de preços em 7 dias, a Waves está acompanhada da EOS (10%), Tezos (12%) e QTUM (12%). O artigo Nadando contra a maré: Criptomoeda Waves valoriza mais de 70% nos últimos 30 dias apareceu primeiro em Livecoins.

a month ago

State of Asia Cryptocurrency and Blockchain: Asia (ex-China) Part 2

As you may have read last week, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with a commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments) Asia Countries ex-China (with a commentary on regulations, media sentiments, crypto projects, exchanges and company developments) Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc) Crypto Projects and Funding Trends Check out our previous piece on China. This week, we will be discussing the latest developments in the rest of the Asian countries- Japan, Korea, Singapore, Thailand and India. Given the length of the post, we are splitting the post into several parts. This post will be on Korea and Singapore. Check out the latest post on Japan’s here. We just also released A Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore and a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. State of Asia Cryptocurrency and Blockchain: Asia Countries (ex-China) Part 2: Korea, Singapore, Thailand and India Read part 1 on Japan here KOREA What’s been happening: The Korea government has been piling on resources and promoting Blockchain adoptions and crypto trading and local exchanges are being further supported by recent regulations. Korea is trying to create its own Crypto bubble and its decisions are all pointing to improving its own state of affairs, while not necessarily engaging with crypto activities and organizations outside of Korea. A new development is that local banks are now providing virtual bank accounts to local cryptocurrency exchanges. South Korea’s Ministry of Science and ICT, and the National Election Commission said they will develop a blockchain-based online voting system by December. The government is also looking to use blockchain technology for tracing beef and providing consumers with information from the food supply chain. Cryptocurrency project ICON showcases 3 joint blockchain apps at an event supported by Seoul Government- Blockchain ID card, voting, and S-coin. The government seems very willing to dedicate resources and funds into the space. This month, the South Korean government has agreed to invest $35 million, triple that of 2018, in next year’s budget to develop blockchain technology and industry related to distributed ledger technology. Given the small Crypto community in Korea, most of the activities are happening in Seoul. On top of the government blockchain budget, Seoul has recently announced that they would create a blockchain complex to house around 200 companies as well as create a 100 billion won ($88 million) fund to foster talents in the sector. Korea’s Financial Services Commission has cleared banks to work with cryptocurrency exchanges by providing virtual bank accounts, and every bank account holder is provided with a virtual bank account by the account issuer. South Korea court has also come out and said banks cannot unfairly treat crypto exchanges. Upbit, South Korea’s largest crypto exchange by volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency for having a strong infrastructure in place. Korean crypto giant Bithumbmakes into U.S. foray with a partner to create a security token exchange. Newcomer Korean exchange Pure Bit reportedly scammed with at least 13,000 of investor Ethereum. Lastly, on the project side, South Korea’s messaging giant Kakao and Stablecoin Terra partner for blockchain payment system. Kakao Corp, amajor South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. What this means: Korea’s national election commission ran an online voting system, dubbed K-voting, back in 2013, which has since been used by 5.64 million people but trust in the voting system remains low due to hacking and fraud concerns. Subsequently, the regulators are looking to deploy a blockchain voting system and are starting with a trial next month. Korea regulators have always been very vocal about the use case of blockchain and it is clear that they have high hopes for it and is not afraid of test it out. Since the beginning, Korean regulators have recognized their own technical limitations and have worked closely with the most prominent Crypto funds and projects in Korea such as Hashed and ICON, respectively. ICON is one of the largest projects in Korea, and some of its releases and roadmaps certainly demonstrate an extensi

a month ago

Bitcoin (BTC) Stable At $3,400: Analyst Compares Crypto With Dotcom Bubble

Bitcoin Stable At $3,400, Altcoins In Similar Position Interestingly, after a multi-week bout of lower lows, the crypto market at large stabilized on Tuesday and Wednesday, as Bitcoin (BTC) found itself trading in a tight range between $3,300 and $3,500. Since Ethereum World News’ previous market update, released not 24 hours ago, the aggregate market capitalization of all cryptocurrencies has barely budged, up by $1.4 billion (~1.2%) to $111.39 billion in comparison to yesterday’s $109.9 billion. Like crypto asset values, volumes posted by exchanges have begun to slow, with 24-hour volumes per Live Coin Watch amounting to $5.9 billion, down $1 billion from the $6.9 billion tallied by the platform yesterday. CoinMarketCap statistics have echoed the dissipation of volume, as its 24-hour volume statistic has fallen from $13 billion to $11 billion, where it remains now. Although BTC underwent a small uptick on Tuesday night/Wednesday morning, with the asset moving as high as $3,460 on Coinbase, Bitcoin has been relatively laid back, failing to break out or fall throughout any key levels of support or resistance. Many eyes are looking to BTC’s year-to-date lows, and the resistance situated at $4,000 as levels of interest. At the time of writing, Bitcoin has found itself at $3,380 on Coinbase and $3,440 as a global average, making it clear that the asset has found a semblance of stability in the $3,400 range. BTC is currently 0.57% in the past 24 hours. XRP, Ethereum (ETH), and Litecoin (LTC) followed BTC with precision over the past day, posting gains that were all under a mere 1%. Notable outliers included EOS, which posted a 4.13% gain after a dismal week, Bitcoin Cash (BCH) and Bitcoin SV (BSV) — as the two both lost 2% — and Tezos (XTZ), as the asset surged by 15.42% presumably due to the fact that Huobi Global announced support for the up-and-coming network. Analyst Compares Crypto To Nasdaq Boom (And Bust) Speaking with MarketWatch’s William Watts, the outlet’s deputy markets editor, Russ Mould, an investment director at British investment platform AJ Bell, drew lines between the Dotcom boom at the turn of millennia to 2017/2018’s crypto boom & bust. Mould claimed that crypto’s performance throughout 2018 “looks like many that we’ve seen before across a wide range of asset classes,” adding that the status of the market today propagates “vicious bear traps,” sending crypto “HODLers” even further into the ground. He explained that the Nasdaq, in the midst of its collapse in 2003, tried to break out multiple times, but failed miserably — not too different than Bitcoin’s stints at $10,000, $6,200, and $3,500 today. Mould isn’t the only analyst to make such connections between two of history’s largest bubbles. In a post titled, “What Bear Markets Look Like,” Twitter angel investor Fred Wilson, who heads Union Square Ventures, noted that just like technology stocks in 2002/2003, cryptocurrencies have posted a more than 80% loss in a year’s time. The prominent investor added that cryptocurrencies, even BTC, could head lower from here. Giving his statement some rationale, Wilson explained that once Amazon (AMAZ) declined to 20 percent of its all-time high, the then-startup saw its public valuation experience another 50 percent haircut, summating to a jaw-dropping 90 percent loss. AMAZ’s debacle in the early 2000s may have been nothing but a blip on its multi-decade chart, but Wilson, a Bitcoin believer himself, is visualizing how cryptocurrencies could fall further, even while they have ground-breaking potential and seemingly endless upside. Still, Wilson, a legendary venture capitalist, ended his aforementioned blog post with an optimistic tone, writing: “I think some crypto asset (and possibly a number of crypto assets) will have a price chart like Amazon’s current one in 18 years. But we will have to do what Amazon did, hunker down and build value and survive, for quite a while to get there. And I think things will get worse before they get better.” Title Image Courtesy of Alejandro Alvarez on Unsplash The post Bitcoin (BTC) Stable At $3,400: Analyst Compares Crypto With Dotcom Bubble appeared first on Ethereum World News.

a month ago

Crypto Market Lost $725 Billion: Revolutions Don’t Happen Overnight, Prepare for the Next Wave

Experts are unaffected by the price crash as total market cap losses more than $725 billion since its peak. In this bear market, the focus is on Buidl and preparing for the next wave that will be coming as 2019 looks poised for big things with Fidelity, Bakkt, and now Börse Stuttgart’s crypto platform launches. Bitcoin & Crypto Market Crash, Not to Worry! Bitcoin and crypto market is crashing, having lost billions of dollars. The top cryptos are falling hard as shown below. Source: Coinmarketcap This has resulted in the wipeout of more than $725 billion from the market as total market cap slips from $830 billion at its all-time high (ATH) in January to the current $104 billion. Source: Coinmarketcap But as a recent report pointed out crypto users are entering the market in millions, so, action can be seen in the market. Meanwhile, industry participants are unperturbed by the price movement and are calling out for Buidl. Kathleen Breitman, co-founder of Tezos and the CEO of Dynamic Ledger Solutions says, “Price is by and large a distraction. I’ve seen a lot of ups and downs. I have a lot of conviction in the technology’s long-term promise. I never check prices...I think it’s kind of a distraction for people - for smaller minds.” Blockchain program lead at JP Morgan Chase, Christine Moy shares similar sentiments while commenting on the technology, “It’s a great opportunity. No one knows what’s going on in the market.” According to Moy, “What’s really important to note is we’re talking about the next generation of financial infrastructure. Technological progress takes time. To look at a daily price of crypto is kind of a red herring. In reality, the value is what the technology rails can provide over time.” Even the skeptics are positive about Bitcoin’s future as Kenneth Rogoff, the professor of economics and public policy at Harvard University and former IMF chief economist who says, “Like lottery tickets, there is a high probability that they are worthless,” but “We shouldn’t be surprised by this year’s cryptocurrency price bust, [but] the price of these coins is not necessarily zero,” further adding, “There is also an extremely small outside chance that they will be worth a great deal someday, for reasons that currently are difficult to anticipate.” Moreover, as Mike Novogratz has recently shared, this will take time, “Revolutions don’t happen overnight. While I believe in the underlying technology and believe in the crypto movement, when prices get stupid, I sell. A lot of my friends in crypto just couldn’t let go. They were saying, ‘This is going to change the world.'” The future is certainly bright as he believes “Bitcoin is going to be digital gold,” as he says, “I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” Given the fact that 2019 has Fidelity and Bakkt coming up with their digital asset platforms and Boerse Stuttgart, Germany’s second-biggest stock exchange announcing the launch of its crypto trading platform by the second quarter of 2019, next year seems to be poised for big things. The post Crypto Market Lost $725 Billion: Revolutions Don’t Happen Overnight, Prepare for the Next Wave appeared first on Coingape.

a month ago

Tezos is Considering zk-SNARKS / Sapling Pending Community Approval

Arthur Breitman , the chief technical officer at Dynamic Ledger Solutions - which is currently leading development for the Tezos project, has been considering implementing some form of Zcash’s zk-SNARKS cryptography into the Tezos protocol. At present, the Tezos community is expecting the first protocol amendment vote and some developers believe that substantial progress has been made - which could potentially lead to successful zk-SNARKS integration with the Tezos blockchain. New OCaml Binding For Interfacing W/ zk-SNARKS Library On November 29th, Tezos’ developers made a commit to the project’s public Gitlab - which revealed a new OCaml binding that has been created for interfacing (communicating) with Zcash’s zk-SNARKs libary. This will allow developers to add shielded transactions to the Tezos chain. Shielded transactions provide verifiable proof that a particular set of transactions were processed, without having to disclose details about the the transactions themselves. Information kept private by shielded transactions typically includes: a user’s associated accounts, transaction logs, and/or the amounts transferred in transactions. How Do zk-SNARKs Actually Work? zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” zk-SNARKs effectively enable “one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself.” So, a transaction(s) with this feature are/is verified without disclosing the details mentioned above. When the sender of a transaction generates a proof (a zk-SNARK) - which involves solving a mathematical proof (equation(s)) in order to prove that the transaction occurred - then this confirms that the sender signed off on the transaction. Moreover, it also confirms that the transaction cannot be changed by a third party - which was not involved in the actual transaction. In other words, at the time when the sender initiates a shielded transaction, a zk-SNARK is generated from the sender’s address - which then permanently resides on the blockchain. This zk-SNARK can then be referenced by anyone to mathematically prove, without disclosing transaction details, that the transaction occurred. Sapling Notably, Sophia Gold has prepared a document along with a Gitlab commit that includes a new native OCaml library - which may be used to program the the latest version of Zcash’s improved (much faster processing, much less memory requirements) zk-SNARKs algorithm called Sapling. Tezos’ developers are now planning to use Sapling by integrating it into the Tezos protocol. Once complete, the integration will allow the Tezos network to support shielded transactions. The Sapling version allows proofs to be generated in seconds. However, the Tezos community will reportedly be voting on this. So, the decision (ultimately) regarding if/when the upgrades/integrations will be performed is a community-led, majority-consensus type decision. The post Tezos is Considering zk-SNARKS / Sapling Pending Community Approval appeared first on Crypto Core Media.

a month ago

"It has been great to see the perception of Tezos change ove...

"It has been great to see the perception of Tezos change over time. From a project that had adversity to one that i… https://t.co/iJnjPKdUzM

a month ago

Tezos Foundation President, Ryan Jesperson, speaking at the ...

Tezos Foundation President, Ryan Jesperson, speaking at the Infrachain blockchain conference in Bern this week with… https://t.co/GTnaPpbZSu

a month ago

Today, the Foundation is transferring a limited allocation o...

Today, the Foundation is transferring a limited allocation of XTZ from internal storage to a separate wallet for de… https://t.co/GFT4Gjw0OV

a month ago

State of Asia Cryptocurrency and Blockchain: Asia (ex-China) Part 1

As you may have read last week, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with a commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments) Asia Countries ex-China (with a commentary on regulations, media sentiments, crypto projects, exchanges and company developments) Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc) Crypto Projects and Funding Trends Check out our previous piece on China. This week, we will be discussing the latest developments in the rest of the Asian countries- Japan, Korea, Singapore, Thailand and India. Given the length of the post, we are splitting the post into several parts. This post will be on Korea and Singapore. Check out the latest post on Japan’s here. We just also released A Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore and a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. State of Asia Cryptocurrency and Blockchain: Asia Countries (ex-China) Part 2: Korea, Singapore, Thailand Read part 1 on Japan here A. Korea What’s been happening: Blockchain adoption in the government has been accelerating and increasingly promoted in Korea in the last month. Trading and exchange are now further validated by recent regulations. South Korea’s Ministry of Science and ICT, and the National Election Commission said they will develop a blockchain-based online voting system by December. The South Korean government has agreed to invest $35 million, triple that of 2018, in next year’s budget to develop blockchain technology and industry related to distributed ledger technology. The government is also looking to use blockchain technology for tracing beef and providing consumers with information from the food supply chain. Cryptocurrency project ICON showcases 3 joint blockchain apps at an event supported by Seoul Government- Blockchain ID card, voting, and S-coin. Korea’s Financial Services Commission has cleared banks to work with cryptocurrency exchanges by providing virtual bank accounts, and every bank account holder is provided with a virtual bank account by the account issuer. South Korea court has also said banks cannot unfairly treat crypto exchanges. Upbit, South Korea’s largest crypto exchangeby volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency for having a strong infrastructure in place. Korean crypto giant Bithumb makes into U.S. foray with a partner to create a security token exchange. Newcomer Korean exchange Pure Bit reportedly scammed with at least 13,000 of investor Ethereum. On the project side, South Korea’s messaging giant Kakao and Stablecoin Terra partner for blockchain payment system. Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. What this means: Korea’s national election commission ran an online voting system, dubbed K-voting, back in 2013, which has since been used by 5.64 million people but trust in the voting system remains low due to hacking and fraud concerns. Subsequently, the regulators are looking to deploy a blockchain voting system and is starting with a trial next month. Korea regulators have always been very vocal about the use case of blockchain and it is clear that they have high hopes for it and is not afraid of test it out. The government are also willing to dedicating resources and funds.Given the small Crypto community in Korea, most of the activities are happening in Seoul. On top of the government blockchain budget, Seoul recently announced that they would create a blockchain complex to house around 200 companies as well as create a 100 billion won ($88 million) fund to foster talents in the sector. Regulators also recognize their own technical limitations and have been working closely with the largest funds and projects in Korea. ICON is one of the largest projects in Korea, and it certainly demonstrates an extension of what Korea government wants to do with blockchain- Blockchain ID card, voting, etc. Recently, the ICON Team received the Korean ‘Minister of Science and ICT (MSIT) Award’ in recognition of its contributions to the development and popularization of the blockchain industry in Korea Despite the success with the governors, ICON’s lack of organization and communication with its community proves concerning, and highlight some of the flaws of Korea projects, which is that they are perhaps som

2 months ago

State of Asia Cryptocurrency and Blockchain: Asia (ex-China)

As you may have read last week, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with a commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments) Asia Countries ex-China (with a commentary on regulations, media sentiments, crypto projects, exchanges and company developments) Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc) Crypto Projects and Funding Trends Check out our previous piece on China. This week, we will be discussing the latest developments in the rest of the Asian countries- Japan, Korea, Singapore, Thailand and India. Given the length of the post, we are splitting the post into several parts. This post will be on Korea and Singapore. Check out the latest post on Japan’s here. We just also released A Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore and a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. State of Asia Cryptocurrency and Blockchain: Asia Countries (ex-China) Part 2: Korea, Singapore Read part 1 on Japan here A. Korea What’s been happening: Blockchain adoption in the government has been accelerating and increasingly promoted in Korea in the last month. Trading and exchange are now further validated by recent regulations. South Korea’s Ministry of Science and ICT, and the National Election Commission said they will develop a blockchain-based online voting system by December. The South Korean government has agreed to invest $35 million, triple that of 2018, in next year’s budget to develop blockchain technology and industry related to distributed ledger technology. The government is also looking to use blockchain technology for tracing beef and providing consumers with information from the food supply chain. Cryptocurrency project ICON showcases 3 joint blockchain apps at an event supported by Seoul Government- Blockchain ID card, voting, and S-coin. Korea’s Financial Services Commission has cleared banks to work with cryptocurrency exchanges by providing virtual bank accounts, and every bank account holder is provided with a virtual bank account by the account issuer. South Korea court has also said banks cannot unfairly treat crypto exchanges. Upbit, South Korea’s largest crypto exchangeby volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency for having a strong infrastructure in place. Korean crypto giant Bithumb makes into U.S. foray with a partner to create a security token exchange. Newcomer Korean exchange Pure Bit reportedly scammed with at least 13,000 of investor Ethereum. On the project side, South Korea’s messaging giant Kakao and Stablecoin Terra partner for blockchain payment system. Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. What this means: Korea’s national election commission ran an online voting system, dubbed K-voting, back in 2013, which has since been used by 5.64 million people but trust in the voting system remains low due to hacking and fraud concerns. Subsequently, the regulators are looking to deploy a blockchain voting system and is starting with a trial next month. Korea regulators have always been very vocal about the use case of blockchain and it is clear that they have high hopes for it and is not afraid of test it out. The government are also willing to dedicating resources and funds.Given the small Crypto community in Korea, most of the activities are happening in Seoul. On top of the government blockchain budget, Seoul recently announced that they would create a blockchain complex to house around 200 companies as well as create a 100 billion won ($88 million) fund to foster talents in the sector. Regulators also recognize their own technical limitations and have been working closely with the largest funds and projects in Korea. ICON is one of the largest projects in Korea, and it certainly demonstrates an extension of what Korea government wants to do with blockchain- Blockchain ID card, voting, etc. Recently, the ICON Team received the Korean ‘Minister of Science and ICT (MSIT) Award’ in recognition of its contributions to the development and popularization of the blockchain industry in Korea Despite the success with the governors, ICON’s lack of organization and communication with its community proves concerning, and highlight some of the flaws of Korea projects, which is that they are perhaps somewhat too

2 months ago

Top Asia Crypto News Roundup from Nov 22- Nov 24

Top News in Asia from Wednesday through Saturday Temasek Holdings, Singapore’s state investment firm, is setting up new groups to explore opportunities in artificial intelligence and blockchain technologies.; the firm has also invested in enterprise blockchain software firm and global banking consortium R3. TRON co-founder and CEO Justin Sun has announced that basketball player Kobe Bryant will be speaking at TRON’s blockchain summit in San Francisco next year: http://bit.ly/2R7f4Ly *Exclusively Chinese* NEO Global Capital Partner Wayne Zhu reveals on social media account that since NGC fund’s founding since a year ago, its returns vs. Bitcoin has been 603%, while returns excluding Ontology would be 222%. The current fund size is worth around $72.31mn.Google translated Deals and Funds Singapore-based blockchain startup Propine Capital on Friday announced that it has raised $1.6 million in a seed funding round led by Decacorn Capital. http://bit.ly/2PR96SE Coin and Token News South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. http://bit.ly/2PPwtMd Huobi wallet enables TRON support to encourage portfolio diversification: http://bit.ly/2FOeiSm Exchange News Exchange KuCoin is delisting 6 tokens from the trading platform: http://bit.ly/2FHwTzB Cryptocurrency exchange Binance looking to adopt an automated Know Your Customer application provided by financial software firm Refinitiv:http://bit.ly/2FFQAHZ Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange:http://bit.ly/2FFCIxE Regulation News Indian police file charges against masterminds of $60 million multi-level marketing bitcoin scam: http://bit.ly/2FEovRB Business News The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain: http://bit.ly/2FBGNmw India: ‘Big Four’ auditor EY to hire 2k employees to develop in blockchain: http://bit.ly/2FGLVpj SWIFT India, the main network through which banks send money overseas, has partnered with fintech firm MonetaGo to pilot a distributed ledger network designed to improve the efficiency and security of financial products: http://bit.ly/2FzMOzU

2 months ago

Top Asia Crypto News Roundup from Nov 21- Nov 24

Top News in Asia from Wednesday through Saturday Temasek Holdings, Singapore’s state investment firm, is setting up new groups to explore opportunities in artificial intelligence and blockchain technologies.; the firm has also invested in enterprise blockchain software firm and global banking consortium R3. TRON co-founder and CEO Justin Sun has announced that basketball player Kobe Bryant will be speaking at TRON’s blockchain summit in San Francisco next year: http://bit.ly/2R7f4Ly *Exclusively Chinese* NEO Global Capital Partner Wayne Zhu reveals on social media account that since NGC fund’s founding since a year ago, its returns vs. Bitcoin has been 603%, while returns excluding Ontology would be 222%. The current fund size is worth around $72.31mn.Google translated Deals and Funds Singapore-based blockchain startup Propine Capital on Friday announced that it has raised $1.6 million in a seed funding round led by Decacorn Capital. http://bit.ly/2PR96SE Coin and Token News South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. http://bit.ly/2PPwtMd Huobi wallet enables TRON support to encourage portfolio diversification: http://bit.ly/2FOeiSm Exchange News Exchange KuCoin is delisting 6 tokens from the trading platform: http://bit.ly/2FHwTzB Cryptocurrency exchange Binance looking to adopt an automated Know Your Customer application provided by financial software firm Refinitiv:http://bit.ly/2FFQAHZ Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange:http://bit.ly/2FFCIxE Regulation News Indian police file charges against masterminds of $60 million multi-level marketing bitcoin scam: http://bit.ly/2FEovRB Business News The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain: http://bit.ly/2FBGNmw India: ‘Big Four’ auditor EY to hire 2k employees to develop in blockchain: http://bit.ly/2FGLVpj SWIFT India, the main network through which banks send money overseas, has partnered with fintech firm MonetaGo to pilot a distributed ledger network designed to improve the efficiency and security of financial products: http://bit.ly/2FzMOzU

2 months ago

Important: All bakers must apply the latest mainnet update

Commit bf94238d at Dec1, 04:40 UTC this commit fix node errors such as \`MDB\_BAD\_TXN\` or \`MDB\_MAP\_FULL\` ​ stop your node and run in tezos folder: `git checkout mainnet && git pull && eval $(opam env) && make build-deps && make` then run your node. in another terminal: `./tezos-admin-client unmark all invalid blocks` `./tezos-admin-client clear acls` ​

2 months ago

Ending Ethereum FUD over Tezos ICO treasury transfers

As the price of ETH continues to nosedive, losing almost 50% of its value over the past 30 days, several altcoin projects have proceeded to move Ethereum holdings out of their fundraiser ICO wallets. Two of the projects, Tezos and Aragon, have provided stated purposes for the transfers which, they say, does not include selling or dumping any Ethereum holdings. Tezos Foundation Moves 82,050 ETH When Tezos (XTZ) launched a fundraiser in July of 2017, it collected 361,122 ETH along with a mass of 65,703 Bitcoin. Not all of the ETH went to the same wallet since Bitcoin Suisse, a Swiss cryptocurrency bank also accepted and stored ETH contributions for the project. In a response to an email from Crypto Insider, Anthony Lacavaro, a spokesman for the Tezos Foundation, indicated that the movement of ETH was merely for relocation purposes only. “The ETH were moved into a different storage system, not sold,” according to Lacavaro. As of January 2018, the Tezos treasury wallet contained 203,468 ETH, according to Diar. That number, since January, has remained steady until November when in recent days over 82,000 ETH was moved from the treasury account. Diar reported the update via Twitter on Thursday morning: Our live #Ethereum ICO Treasury Balances is back up. A 82K $ETH withdrawal from @tezos now marks November as the largest drawdown period this year. More here: https://t.co/nlVYQkHf6I pic.twitter.com/ySfUauntKZ — Diar (@DiarNewsletter) November 29, 2018 The move originally sparked alarm among crypto watchers concerned whether the 80,000 ETH would be dumped on the open market, further driving down an already sagging Ethereum price. Other Projects Follow Suit According to Diar’s data, Tezos is not alone this month in moving Ethereum funds out of treasury wallets. Aragon (ANT), a dApp built on Ethereum designed to let users create and manage a decentralized organization, which launched an ICO in May of 2017, is another large ETH holder with approximately 263,523 in its treasury at the start of January 2018. The most recent numbers show Aragon will end November holding just 182,388 ETH, a difference of over 50,000 moved from their treasury since January, the vast majority of which moved in the last 30 days. According to reports, Aragon has been working to secure their funding and hedge against volatility by securing assets with a loan based on the Ethereum-collateralised Dai stable coin. Aragon confirmed the reporting on Twitter and said their official position remains “long” on Ethereum: In the last 24 hours, the AA has sold its XMR position (worth $500k), and a small part of its ETH position (worth $1m). The AA also just took a 1m DAI loan, collateralizing the CDP with 40k ETH (415.9% collateralization ratio). We are long ETH.https://t.co/iT7DGCOfyB — Aragon (@AragonProject) November 27, 2018 Smaller blockchain projects, such as Aragon, will need to be more conservative during downward trends to protect large crypto holdings which can quickly be eaten by day-to-day costs as values plummet. District0x (DNT), another Ethereum-based dApp ICO from 2017, also moved over 15,000 ETH in the past month. Crypto Insider contacted District0x for comment but did not receive a response by press time. ICO Treasuries Not Causing ETH Fall Despite many ICO treasuries holding significant amounts of ETH, the analysis shows that these accounts amount to roughly 4% of all Ethereum worldwide holdings. Many ICOs from 2017, aside from Tezos, are built on tokens which rely on Ethereum contracts so it would be counterintuitive for those same projects to carelessly dump their holdings which could potentially drag down the ETH price and hurt their own market cap. The main cause for the Ethereum downturn, other than following Bitcoin, is more likely related to the SEC ruling in mid-November which saw two ICOs agree to fines and refunds which has further exacerbated a bearish environment where projects are looking to protect their assets and weather this storm. According to the numbers from DappCapitulation, most ICO treasuries have not budged in the past 12 months which means most projects are still holding their ETH untouched. If we start to see the moves multiply in the coming weeks, it could signal that more ICO projects are feeling the crunch or looking toward protective measures. The post Ending Ethereum FUD over Tezos ICO treasury transfers appeared first on Crypto Insider.

2 months ago

Cryptocurrency Market Update: Stellar (XLM) Climbs to Fourth Spot

FOMO Moments Crypto markets have held their gains, Stellar and Zcash leading the way. Cryptocurrency markets have held on to their gains following two days of recovery from extremely low levels. Things are not great mind you and markets are still at very depressed levels for the year, but the good news is that they haven’t dumped any further over the past 24 hours and total market capitalization is still just below the $140 billion level. Bitcoin has stayed above the $4,200 resistance turned support level but has not moved and remains at just above $4,200 at the time of writing. BTC actually made it to $4,400 over the past day but could not get above it. Ethereum has remained flat just below $118, and falling back again its lowest level for 18 months. XRP in second hasn’t moved much either but remains firmly above ETH. Altcoins are generally on the up at the moment with some outperforming others. The top ten’s clear winner over the past day is Stellar which has made another 3% to take it above Bitcoin Cash and into fourth spot. XLM is currently trading at $0.167 with $100 million more in market cap than BCH which has fallen back slightly. EOS is also dropping while BSV and ADA fall another couple of percent each. Zcash is making moves in the top twenty as it gets listed on Coinbase Pro. ZEC made a further 10% on the day but fell back in the last hour as it hovers just above $80. The rest of the altcoins in this section have lost a percent or two during today’s Asian trading session aside from Tezos which is sliding 7%. Today’s big pump is Theta Token on 100% and Centrality with 8%. Getting dumped on is Sirin Labs Token which has been up and down like a yoyo in recent days. Today SRN is down 27%, Verge and Zilliqa also losing double digits in the top one hundred. Total market capitalization lower than it was this time yesterday, $136 billion, with a 3% slide. Trade volume has dropped back to $17 billion and things seem to be calming down as we round out another week. Bitcoin dominance is just under 54% maintaining its ratio over the altcoins which, as usual, suffer greater losses during market dumps. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Stellar (XLM) Climbs to Fourth Spot appeared first on NewsBTC.

2 months ago

Zcash Climbing as Coinbase Pro Launches ZEC Trading

There can be no better boost for a cryptocurrency during hard times than a major exchange listing. They come no bigger than Coinbase which has recently announced that it would be adding Zcash to its Pro trading platform. In a company blog post yesterday Coinbase revealed that it would be enabling Zcash deposits on November 29. Deposits will be accepted for 12 hours before trading is opened and sufficient liquidity for the ZEC/USDC pair has been reached. The post also noted that ZEC trading will only be available for customers in limited countries, namely the US (excluding New York), UK, EU, Canada, Singapore and Australia. ZEC is launching on Coinbase Pro. Starting at 10am PT, customers can transfer ZEC into their Coinbase Pro account. Traders can deposit ZEC, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/5nADybxqKk — Coinbase Pro (@CoinbasePro) November 29, 2018 The launch will occur in four stages, the first being inbound transfer only as mentioned above. Secondly clients will be able to post limit orders but there will be no matches In the third stage the limit orders will be matched but market orders still unavailable. Finally full trading will be enabled in the fourth stage. This has been done to limit volatility during the launch of a new asset. Coinbase added that ZEC was not available on the primary platform or its mobile apps, just Coinbase Pro which is the rebranded version of GDAX. The post highlights some of the features of Zcash which include transaction privacy protection via advanced cryptography using ‘shielded’ or ‘unshielded’ options. Essentially transparent addresses are visible on the blockchain and shielded addresses are not. Zcash also uses zk-SNARKS to verify transactions which, to put it simply, is the concept of proving that you know something without revealing what it is that you know. ZEC Market Reaction Zcash has been smashed with the rest of the altcoins this year dumping 90% from its all-time high of just under $900 in January. ZEC lost over 50% alone this month when it dumped from $130 to a 2018 low of around $60 on November 25. Since then, however, it has recovered around 45% to its current price levels as crypto markets rebound from their lowest level for well over a year. At the time of the Coinbase announcement a few hours ago ZEC spiked around 15% to a weekly high of $93.50 according to Coinmarketcap. Since then it has pulled back a little and is currently trading at around $89, up 13% on the day. It has a market capitalization of $475 million which puts ZEC at 18th spot, above Tezos and below Ethereum Classic. Image from Shutterstock The post Zcash Climbing as Coinbase Pro Launches ZEC Trading appeared first on NewsBTC.

2 months ago

Donald McIntyre on Ethereum Classic’s Solidity, Barry Silbert, and Price

During his interview with Crypto Insider, ETCDEV’s head marketer and vocal spokesperson Donald McIntyre talked about the solidity of Ethereum Classic (to be read and understood as “robustness”, as there wasn’t a discussion about the programming language) in relation to the story Giacomo Zucco told about the tale of the three little pigs and their houses, the involvement of Barry Silbert as an investor, and why the price matters in order to encourage development of the project. Though these topics aren’t as inherently interesting or fascinating as the part where Mr. McIntyre spoke about the roadmap and all the Orbita sidechains, it’s still paramount to understand the ETC project, why it’s different from its sibling Ethereum chain, and why the intellectual and financial efforts behind the Classic place it in a unique position on the market (Turing complete, but immutable and Proof of Work). No cryptocurrency project is viable without proper programmers and a solid financial backing, so it makes a lot of sense to talk about the coding philosophy and the most prolific figures who entrust the team of developers with the required amounts of money. Barry Silbert seems to be interested in quite a few cryptocurrency projects, and he has always been on the Ethereum Classic side in terms of picking a Turing-complete blockchain. Therefore, getting an insider’s view from Donald McIntyre is paramount to understand the phenomena and properly evaluate the long-term prospects of ETC. For more information, watch the video attached or read the full Donald McIntyre transcript below. Vlad Costea: I recall Giacomo Zucco who told me that cryptocurrencies and blockchains are just like the “Three Little Pigs” and their story. Some pigs like to build their houses out of hay and they just burn down when the big bad wolf comes, others just use wood and that’s also easy to destroy, but those who really care about their security use bricks, stone, and materials that last throughout time. And maybe that to some people it’s much more fun to go to the short-term solution. I believe, personally, and this is not the opinion of my boss, I guess. A lot of people at Crypto Insider seem to be enthusiastic about TRON, and about Tezos, Cardano... but I think these are just short-term solutions. They just bring a solution which appeals to a need which exists now. But they didn’t have the patience, I guess, to build it on top of an immutable blockchain. Donald McIntyre: Yeah, I think that at the social layer... you mentioned before good people and bad people, as some are born good and those philosophies. I think that we are governed by our biology, and in general if you observe biology and human nature we sometimes lie, sometimes we are good or we are honest. We are a Turing-complete machine and we are mostly honest and cooperative. But sometimes we also cheat, and in these systems that means that we need to have the freedom to defend our individuality all the time. We don’t need somebody else to tell us how our lives have to be governed, because that somebody else is very likely to be acting in his own behalf, not ours. So it’s okay to be the pig who wants to build the hay house, and it’s fine to be the pig who builds the brick house - strong and always concerned with security. And it’s also okay to apply those philosophies or lifestyles where they fit well. In the case of blockchains like Ethereum Classic and Bitcoin, they are specifically systems of very high security. Therefore, the only philosophy that fits is the philosophy of bricks and high security. And it’s perfect that other people want to build a hay house if they build those systems on top or somewhere else. But these systems specifically have to be highly secure. Vlad Costea: I have two more questions and I see that we also have one from Twitter. I’m not sure if I should read it because it’s about price prediction. But anyway, I wanted to ask you about the involvement of Barry Silbert and his company. A lot of people observed that he was very much involved when Ethereum Classic was about to get listed on Coinbase. He was very vocal in promoting the coin, and then he just vanished. Donald McIntyre: Barry Silbert’s participation in Ethereum Classic and Bitcoin are exactly what you see: he’s a very honest person and he’s an incredible advocate for these technologies and I think that he has been... I think that I send him an e-mail once because he is very criticized by people, and I told him that he’s a “net positive” (laughs). And when I tell someone or myself that I’m a net positive or net negative... when everything you do, some things are not really good but they’re mostly good - and I think that describes Barry. All his investments, the risk he’s taking, he has skin in the game, really. He has all his capital in crypto, he has made incredible connections between Wall Street and crypto, and things like that. I think he already acknowledges that he wanted to help Bitcoin when he create

2 months ago

Cryptocurrency Market Update: Real Recovery or Dead Cat Bounce?

FOMO Moments Markets are still gaining, Bitcoin SV, Cardano, Tron and Verge on the up. The recovery on crypto markets has continued for a second day but has slowed down somewhat. Percentage gains today are less than what they were yesterday but market capitalization is approaching $140 billion once again. Many are calling a ‘dead cat bounce’ on Bitcoin indicating that it will meet resistance at $4,200 and plunge back into the depths below $4,000 again. BTC has made 7% on the day and reached this resistance level just passing it to clear $4,300 few hours ago. Ethereum has not been so fortunate with a smaller gain on the day to take it just above $120. ETH is really struggling at the moment with the threat of further ICO selloffs and EOS and Tron snapping at its heels. Most altcoins are in the green again today but gains are smaller. Leading the way in the top ten at the time of writing is Cardano which has reversed yesterday’s dump to gain 12% back again. Stellar has remained above EOS with 9% added, Litecoin has 8%, and Bitcoin SV has remained in the top ten with a 6% gain on the day. The top twenty’s top coin is Tron with a 22% jump to $0.015. Odyssey 3.2 has just been released which could be driving momentum. Neo and Zcash are also still gaining around 10% on the day but the rest are about 4-6 percent up. Tezos is the only coin in the red in the top 50 aside from stablecoins. Bitcoin Private is still surging and tops the one hundred chart with a fomo driven pump of 50% at the moment. Also getting a good spurt of almost 50% on the day is Verge which has recently been listed on Bithumb. Factom is regaining losses too, up 40%. [New Coin Listing] Weshow Token (#WET) and Verge (#XVG) will be listed on #Bithumb! ■Timeline: November 29 (Thu), 2018 in the afternoon. UTC+8 (KST) Visit Bithumb website and trade newly listed cryptocurrencies https://t.co/6MRxyQeeQV pic.twitter.com/Q6pxfd46Yu — Bithumb (@BithumbOfficial) November 29, 2018 There are no real losers dumping right now as altcoins are mostly all in recovery mode. Total crypto market capitalization has added another 6.8% on the day to reach $140 billion. This is around the level it reached after the second dump so things could go south again very quickly unless momentum is sustained. Trade volume has almost reached $20 billion but it is unlikely we are out of the woods yet. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Real Recovery or Dead Cat Bounce? appeared first on NewsBTC.

2 months ago

6 Crypto Assets Not Rising as Quickly as Bitcoin

Even though all major currencies seem to be on the mend once again, the market is responding in funny ways. While most currencies are in double-digit gains, some other assets are struggling to stay in the green. The following six projects are currently struggling, primarily because they can’t gain in either BTC or USD value. Bitcoin Cash SV It was somewhat to be expected the Bitcoin Cash SV price would not necessarily respond kindly to this new uptrend. This altcoin tends to rise when Bitcoin is struggling badly, yet can’t catch a break when the situation improves. There is still a net double-digit percentage loss in BTC value for BCHSV, and one that will not be overcome anytime soon. Tezos Although one would expect big things from Tezos, the price has not necessarily responded in kind. This token has been battered well before the market onslaught began last week and is somewhat slow to recover. A net 7.5% gain in USD value is a promising start, but it pales in comparison to most other currencies on the market. Bitcoin Diamond Another clone of Bitcoin, Bitcoin Diamond also tends to rise when Bitcoin itself is bleeding value. This is a very peculiar trend in the cryptocurrency world, although it is not necessarily something to pay too much attention to either. Over the past 24 hours, BTCD has gained just 7%, which is lower than one would expect to see. Revain Although Revain is a bit of a mysterious altcoin to most people, it has gone through numerous pump phases recently. As such, it is not gaining all that much now that the momentum has gotten really bullish. A nice 6% increase is still nothing to sneeze at, but it is not necessarily the gain most people are looking for at this time. Nexo Another altcoin recently enjoying a hefty price increase, Nexo is something cooling off right now. With its trading volume, a further price increase should certainly be possible, but it is not happening as of yet. The current 8.3% increase is a promising start, though, but a push to $0.12 might be a stretch too far at this time. Huobi Token Although exchange tokens always seem to follow their own trend, it is safe to say Huobi Token is not enjoying the current uptrend all that much. Although there is nearly a 9% net gain, it is one of the currencies not rising as spectacularly as all others. As such, one has to wonder how this will play out moving forward. The post 6 Crypto Assets Not Rising as Quickly as Bitcoin appeared first on NullTX.

2 months ago

Op-ed: Tezos well-positioned despite crypto bear market

With the crypto market bubble bursting before our very eyes, and Bitcoin’s price tanking the entire alt market, we don’t yet know where the dust will settle. Surely there will be projects that can’t survive a market which is strangling them for funding and community interest. Despite the ongoing hash wars and Bitcoin price drops, there is one coin that is well-position to fly high over the next 12 months built on solid technology, a strong community, and a well-endowed foundation for ongoing development funding. Timing Is Everything The Tezos ICO fundraiser occurred in July of 2017, well before the crypto bull run later that year. When a tradable coin finally did launch in June of 2018, it was well after the great Bitcoin fall from $19k to roughly $6,300. As a result, the Tezos price and market cap never became inflated by the massive gains a year ago. Tezos holders were angry about this at the time, and maybe rightfully so since the project was delayed by half a year. However, it’s hard to argue that anything good would have developed from creating a group of Tezos holders who bought in at the height of the 2017 market, as exists in many other crypto communities to this day. Bitcoin and Ethereum Lose Profitability As prices go down, Proof of Work mining becomes much less profitable. According to some analysis, it can cost anywhere from $4,700 to over $10,000 to mine a single bitcoin depending on electricity costs in your geographical region. Couple electricity costs with scarce mining hardware and an environment of increased regulatory scrutiny and it becomes more and more obvious to see how Proof of Work coins will always be at a disadvantage to wild price swings in relation to mining. For Tezos, as the price goes down, baking becomes less profitable, but it’s much harder to actually lose money baking Tezos than it is to lose money mining Bitcoin or Ethereum. Tezos baking rewards can be earned by running lightweight devices, even as light as a Raspberry Pi, which uses a minimal amount of electricity to function. As a result, if the Tezos price gets ridiculously low, like pre-ICO levels, it still remains profitable to participate in the network. For example, if you baked only 10,000 Tezos coins and the current XTZ price was near ICO levels of $0.41, you’d still easily net a profit at the end of the year. If a Raspberry Pi costs around $5 on average in electricity costs and you earn 5.51% return on baking your 10,000 coins, the lowest annual returns possible, you’d wind up with around 550 new XTZ in rewards which would convert to about $209. Subtract your electricity costs and you’re still in the black. In reality, the ROI depends on the number of circulation coins being baked, current returns sit around 9%. Proof of Work miners must, at some point, make a decision concerning how long they can lose money by mining Bitcoin or Ethereum at a lower price point. Let’s not pretend either one will remain at these present-day lows since they assuredly won’t, but a down market in the meantime is putting a crunch on miners. Development Funded For Decades Tezos, as a project, is also extremely well-funded from the Tezos Foundation which is sitting on a pot of nearly $500 million according to recent disclosures back in early October. Much of that figure was and still is being held in crypto such as Bitcoin and Ethereum, so the total holdings may have slipped to around $300 million with the recent market drop. Even so, as Ryan Jesperson, Tezos Foundation President, has stated, the foundation has been working to diversify holdings and create long-term sustainable funding for the Tezos protocol into the foreseeable future. Not every coin that came alive in the past two years can tout such a war chest to keep development and community efforts alive and well for years to come. Crypto Staking Devices Will Drive Wider Use With Ethereum poised to adopt a Proof of Stake algorithm sometime in the next 2 years, the advent of home crypto mining boxes will become more prevalent. These boxes won’t be much for mining PoW coins like Bitcoin, but they will make it extremely easy for even the least technically inclined person to become involved in projects like Tezos. The crypto boxes will have their own algorithm for determining which coin(s) are most profitable to stake with which will provide users a pipeline into Tezos baking. Tezos will not be the only Proof of Stak option, of course, but it will continue to proliferate with a thoroughly decentralized network and plenty of development dollars flowing into projects that make it more and more accessible to the everyday user. Conclusion We don’t yet know which coins may or may not make it out of the crypto winter we’re wandering in right now. There are plenty of other coins beyond Tezos that stand a good chance of weathering the crypto storm and perhaps becoming more relevant as the market contracts and devours some of the weaker projects. However, looking at things from

2 months ago

Bitcoin parece se recuperar após o massacre do fim de semana, Altcoins enfrentando resistências

Por: Livecoins Após um final de semana vermelho escuro no mercado de criptomoedas, tanto o bitcoin quanto as principais altcoins começaram a se recuperar nesta segunda de manhã. Nas últimas 24 horas o bitcoin subiu mais de 4% em relação ao final de semana que teve mínima de US $ 3.500. Do ponto de vista da análise técnica, o bitcoin e outras moedas importantes parecem ter encontrado algum suporte em torno dos níveis de setembro de 2017. A questão, no entanto, é se esse nível vai se manter, ou se o mercado vai cair mais. Após a grande queda do mercado de criptomoedas, a capitalização encolheu agora para cerca de US $ 130 bilhões, de um pico de US $ 822 bilhões em janeiro deste ano. Portanto, mais de 50 das maiores empresas de capital aberto do mundo agora têm valores de mercado maiores do que o mercado inteiro de criptomoedas. Isso inclui todas as famosas empresas de tecnologia - o chamado grupo de ações FAANG (Facebook, Amazon, Apple, Netflix e Google) -, mas também muitas empresas menores, como McDonald’s, Walt Disney e MasterCard . Bitcoin Cash com as maiores perdas Entre os maiores perdedores durante a recente onda de vendas de criptomoedas, o Bitcoin Cash (BCH) se destaca, conhecido como “fakebtc”, a moeda que ironicamente se intitula “verdadeiro bitcoin”, foi duramente atingida pela briga interna entre os desenvolvedores do Bitcoin ABC e Bitcoin SV. O Bitcoin ABC parece ter saído vitorioso, mesmo assim teve grandes perdas no preço, uma vez que caiu de mais de US $ 380 na semana passada para apenas US $ 167. A moeda também perdeu brevemente o seu quarto lugar para EOS, embora isso tenha sido revertido hoje de manhã. Contratos Futuros de Bitcoin Expiram na sexta-feira (30) Embora o mercado pareça ter encontrado pelo menos algum suporte, a volatilidade pode estar voltando ao bitcoin em breve. Na sexta-feira (30 de novembro), os contratos futuros do bitcoin na bolsa CME Group devem expirar - uma ocasião mensal que alguns sugerem ter causado quedas no bitcoin no passado. Bitcoin e Altcoins enfrentando resistências difíceis Depois de perder o suporte de US $ 4.000, o preço do bitcoin caiu para o suporte de US $ 3.600. O preço é atual é de US $3.740. Se os compradores precisarem ganhar impulso de alta, eles precisam empurrar o preço acima de US $ 4.200. Por outro lado, um rompimento abaixo de US $ 3.500 pode empurrar o preço para US $ 3.000. Ethereum O preço do Ethereum caiu drasticamente abaixo dos níveis de suporte de US $ 120, US $ 118 e US $ 110. Hoje o preço chegou a subir cerca de 2% e atualmente está sendo negociado acima de US $ 100. Os suportes anteriores de US $ 120 e US $ 125 estão atuando como grandes barreiras. Se a moeda subir acima US $ 125, o preço poderia ser alavancado para a próxima resistência semanal em US $ 150. Outras altcoins Muitas altcoins recuperaram mais de 15% hoje, incluindo SRN, ETP, VERI, MONA, POLI, RVN, FCT, XTZ, ARK, ARDR e NEXO. Destas, a SRN subiu cerca de 70% e a ETP ganhou cerca de 33%. A queda recente do bitcoin abaixo de US $ 4.000 foi assustadora para os investidores. O Bitcoin parece estar se recuperando, mas os traders precisam ganhar força acima das barreiras semanais de US $ 4.100, US $ 4.200 e US $ 4.400 para uma sólida recuperação nos próximos dias. Se os compradores falharem, poderá haver uma nova queda no bitcoin e nas altcoins. O artigo Bitcoin parece se recuperar após o massacre do fim de semana, Altcoins enfrentando resistências apareceu primeiro em Livecoins.

2 months ago

Bitcoin Cash Surging by 26% while XRP, Cardano, Zcash, & Tezos Spike over 10% in Green Market

As the majority of the crypto market goes green, Bitcoin Cash (BCH) rises by about 26 percent. Additionally, among the top altcoins, XRP, Cardano (ADA), Zcash (ZEC), and Tezos (XTZ) are making highest gains. Top Altcoins Ruling the Market right now After yesterday’s severe fall, today the crypto market is in the green. Though the market cap is low at $130 billion, a majority of the prices are seeing a spike in prices except for Dai, Paxos Standard (PAX), and TrueUSD (TUSD) that are in red by less than 1 percent. When it comes to biggest gainers of the market, with 40 percent gains, Sirin Labs Token (SRL) is at the top. While Factom, MetaverseETP, Ravencoin, and MonaCoin are all up by more than 30 percent. Among the top altcoins, most of these digital assets are rising by more than 4 percent. Top cryptos price chart, Source: Coinmarketcap Bitcoin Cash (BCH) is making the greens the most by about 26 percent in the past 24 hours. At the time of writing it has been trading at $208. The surge in BCH price can be attributed to the fact that this 4th largest cryptocurrency is slowly getting out of the chaos that started with its hard fork on November 15 resulting in a war between Bitcoin ABC and Bitcoin SV. BCH 1-day price chart, Source: Coinmarketcap XRP is surging by 11.45 percent at 0.379. At 2nd position, XRP is managing the daily trading volume of more than $1 billion. Recently, Cory Johnson, chief market strategist at Ripple stated that Bitcoin has some real technological limitations. Also, that XRP is being used more than Bitcoin being used as of today and the digital asset that shows fundamental use cases will develop a fundamental value. XRP 1-day price chart, Source: Coinmarketcap At about $72, ZEC is registering the 24-hours gains of 12.90 percent. Just recently, Barry Silbert of Digital Currency Group shared on Twitter, “Picked up some $ETC, $ZEC, $MANA, and $ZEN today.” Zcash 1-day price chart, Source: Coinmarketcap With over 11 percent gains, Cardano is at $0.0383 at 9th position with a market cap of $994 billion. Recently, CEO Charles Hoskinson shared that “The update 1.4 for Cardano is coming along well and we’re in regression testing right now.” Meanwhile, Tezos (XTZ) is surging by more than 17 percent while sitting at $0.5943. The post Bitcoin Cash Surging by 26% while XRP, Cardano, Zcash, & Tezos Spike over 10% in Green Market appeared first on Coingape.

2 months ago

Minor Relief as Crypto Markets Bounce From Another Yearly Low

FOMO Moments A bounce from another 2018 low has occured; Stellar, Litcoin, Cardano, Zcash and Tezos recovering. A minor bounce has offered a little relief for crypto markets this Monday as they are still reeling from another mass selloff over the weekend. Total market capitalization slid to a new yearly low below $115 billion on Sunday but markets have bounced off that and recovered somewhat over the past few hours. Bitcoin, which has lost almost 44% since mid-November, hit a new 2018 low of just below $3,600 at 11am UTC yesterday. Since then it has managed to claw back 8% taking BTC back over $4,050. By all accounts more losses are likely as many now see a new support level at around $3,000 for Bitcoin. Again, Ethereum has dumped even harder as it fell dangerously close to $100 before recovering 10% on the day to get ETH back to $115 at the time of writing. Its market cap has dropped to $12 billion as XRP accelerates away in second spot. Most altcoins are recovering today from their worst day of the year on Sunday. During the Asian trading session this morning Stellar, Litecoin and Cardano have pulled back double digits from their lowest levels for well over a year. EOS is currently battling with XLM for fifth spot and even briefly passed Bitcoin Cash in fourth a few hours ago before dropping back. It is currently trading around $3.37 which is almost 85% off its all-time high. The top twenty is seeing a similar recovery following a day of extreme pain yesterday. Zcash and Tezos are clawing back double figures at the moment, Iota, Binance Coin and Neo not far behind. A huge fomo driven pump is happening at Sirin Labs Token which has surged 96% on the day. Yesterday’s big dumper, Monacoin, has made all of its losses back today with a 40% pump. Polymath and Ravencoin are also recovering well right now. In a rarity for the top one hundred there are no altcoins in the red at the time of writing. Total market capitalization has recovered 7.5% on the day as almost $15 billion flows back into crypto markets following their huge slide over the weekend. Markets are currently just above $130 billion which is still down 27% since this time last Monday. This bounce has provided a little relief but cryptocurrencies are still on the floor. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Minor Relief as Crypto Markets Bounce From Another Yearly Low appeared first on NewsBTC.

2 months ago

Tezos [XTZ] spikes by a massive 21%; biggest gainer in top 20 cryptocurrency club

The recent bear attack on the cryptocurrency market had created quite a furor in the cryptoverse with several major coins such as Bitcoin [BTC], XRP and Ethereum [ETH] all seeing significant drops in value. Analysts and traders had earlier predicted the crypto-winter would last for a long time but that seems to be changing. At the time of writing, a majority of the market was witnessing green with some cryptocurrencies even seeing double-digit gains. Tezos [XTZ], which has been lying dormant for the past few weeks has surprised holders and investors by shooting up by a massive 21.1%. The cryptocurrency, with a market cap of $370.930 million was trading for $0.611. Tezos also held a 24-hour market volume of $2.223 million which was distributed between UEX and Kraken. UEX had a total hold of $333.895 million of the total trade volume while Kraken encompassed another 13.35% of all the XTZ transactions. Tezos 24-hour chart | Source: CoinMarketCap Tezos had also created a ripple in the cryptocurrency industry recently when it got listed on Kraken, the popular cryptocurrency exchange. The listing had also resulted in XTZ shooting up by a significant 13%. As of now, several exchanges support Tezos, with the 19th placed cryptocurrency making strides to push its use cases into the realm of mainstream adoption. It has not been all rosy for Tezos, with comments coming in from the Founder and CEO of IOHK, Charles Hoskinson, creating rifts within the community. Hoskinson had said that Tezos did not pick up as much as expected because of the intentions of the cryptocurrency’s founders. According to him, the ploy to deflect to another country to escape the wrath of United States regulators had backfired on them. The CEO’s words had come in the wake of speculations within the cryptocurrency community that compared Cardano [ADA]’s situation to that of Tezos’. In his words: “Where it has a collection of duties and responsibilities that are for the community but whether it does these things or not doesn’t stop development does these things or not doesn’t start a partnership in business development and because of the triumph or its structure we had resiliency. So if it fails to other entities can step in and fill in for it and continue moving the project along”. The post Tezos [XTZ] spikes by a massive 21%; biggest gainer in top 20 cryptocurrency club appeared first on AMBCrypto.

2 months ago

Black Friday Crypto Product Deals To Keep An Eye On

Tomorrow, November 23rd 2018, the USA will have its annual Black Friday. Even though this day is not as ‘important’ as it was in the past, there are some companies that are offering great discounts for their products. We’ll focus on the cryptocurrency physical products niche - where there aren’t so many established companies, but the products are pretty good. So, if you’re looking to purchase a cryptocurrency related good for you or to gift it to someone else, this article might help you find what you need. Trezor Hardware Wallet Trezor is one of the 2 big companies that deal with hardware wallet manufacturing. Their Model T hardware wallet accepts more than 500 cryptocurrencies to be stored on. The hardware wallet costs 180 Euro including VAT and its a bit more user-friendly that its competitor - Ledger. From the security point-of-view, the hardware wallet are safer places to keep the cryptocurrency on - compared to an exchange. While since their start there wasn’t any hack, we can consider that for this moment the Trezor would be a great option for a cryptocurrency enthusiast or even for a beginner that wants to learn how to keep their cryptocurrencies safe. They also have a version more cheaper, the Trezor ONE White, which costs only 83.49 EUR. This model accepts over 500 cryptocurrencies too, but some well known ones such as Ripple (XRP), Cardano (ADA), Monero (XMMR) and Tezos(XTZ) are not available on the ONE White Model. On the Model T however, those are accepted. Trezor have a large base of their clients in the USA. Therefore, they could actually create a Black Friday offer for them. Keep an eye on the Trezor Website for further details. CryptoArt Paintings CryptoArt is a project started 5 years ago that created digital art combined with paper wallets. Its a nice way of having some cryptocurrency related art, while also having a wallet where you can store cryptocurrency. Some of the paintings comes with a pre-loaded amount of a selected cryptocurrency. To gain it, you need to simple scan the QR code from the painting received and you’d have the private keys to the pre-loaded amount. There are already 3 Sold Out Editions - The ’21 Million Bitcoin Club’, ‘Protected: Satoshi Roundtable IV’ and ‘Protectionism’. The first one came loaded with a 100 bits of BTC while the 3rd one with a 0.1 DRK ( 1/10 of DASH). There are a variety of artists that contributed to this project - and right now there are a lot of artworks available with a price between $49.95 to $1099.95 - depending on the size of the painting. Most of them also come with a pre-loaded amount. They also have a CryptoArt Gift Shop - where you can purchase a certificate frame, a Texas Bitcoin Conference 2018, A Texas Bitcoin Conference Commemorative Edition Art Print or a Cryptart Collector’s Book. CryptoArt’s paintings along with the paper wallet option makes it a great gift for any crypto enthusiast! Cryptocurrency Apparel - Cointelegraph, BitcoinShirt and HodlMoon Cointelegraph recently launched Store.cointelegraph, a shop with different clothing accesories such as slippers, socks, t-shirts and even sweatshirts. You can buy any of the things mentioned below using Visa, MasterCard, American Express, ApplePay, Paypal and of course - Bitcoin, which have a 10% cashback for any purchase over 0.10 BTC. They have a variety of options to choose from, as you can see in the pictures below. BitcoinShirt is a project launched one year ago - but they did a great jobs with the designs so we felt like we really need to mentioned them - despite the business being fairly new. They have a variety of products, from the ‘ HO HO HODL Christmas Mug‘ to nerds favorite ‘ Bitcoin Ugly Christmas Sweather‘ . And the best part of it, you can purchase any product using the Bitcoin Lighting Network. So you surely don’t need to worry about the fees. Third but not last, there’s the HodlMoon - the home of the ugly crypto sweaters. They have a shapeshift integrated checkout so you could use a wide variety of cryptocurrencies to pay for this gift. For now, they have only 6 sweaters for 6 different cryptocurrencies - Bitcoin, Ethereum, Litecoin, Monero, NEO and Polymath. The price is $59.99 per sweater and its a perfect gift for a cryptocurrency geek. Ledger Hardware Wallet Ledger is the top competitor to Trezor. But both of them have valuable products with almost the same security options. Ledger have two main products - The Ledger Nano S and the Ledger Blue. The Ledger Nano S is the cheapest option from Ledger for a price of $99.99 - with 1,356,743 Ledgers Nano S sold worldwide. The Ledger Blue is their premium option with a touchscreen interface and all the security that Ledger have. The price for a piece like this is $269.99. The main benefit of Ledger is that they have 712 Assets accepted on their hardware wallet. And unlike Trezor, most of them are accepted even by the lower cost model. A Ledger Blue or Ledger Nano S are great options for crypto enthusiast

2 months ago

Daily Cryptocurrency News - 24th November 2018

Here’s the latest cryptocurrency news of 24th November 2018: Everyone’s Taking Shots At Bitcoin - Novogratz, Anthony Pompliano and Dr. Nouriel Roubini In a market like this, everyone likes to express their opinion about Bitcoin. Some might be good, some might be bad and some are just interesting. The famous Crypto investor Mike Novogratz expressed his thoughts on Bitcoin claiming that it ‘sucks’ to have or create a business in these times. Speaking to Financial Times, he declared: “2017 was just fun, it was almost stupid. [But] this year has been challenging. It sucks to build a business in a bear market...[Staff] anxiety levels go up when crypto goes down...In most traditional business, [such as] Goldman Sachs, you don’t worry. There’s not an existential threat out there.”” Noogratz, known for making bold predictions about the Bitcoin price, is having rough times right now with its company - Galaxy Digital. The company shares dropped 37% since August. Moreover, the Q1 2018 produced losses of $134 million for Galaxy Digital. Q2 though had better results - with $35 million in net income. On the other hand, Anthony Pompliano is feeling optimistic about Bitcoin’s future. Despite Bitcoin’s youth as a payment option - it’s beaten stocks, currencies, commodities and bonds in terms of performance. He even compared Bitcoin with MasterCard: “We have very deep conviction on a long-term basis. And if you look at the fundamentals, the 24-hour transaction volume on the Bitcoin network is about $4.6 billion as of lately, and the market cap is $74 billion. So that’s about a 16-times multiple of transaction volume for market cap. That’s very similar to Mastercard which does about $11 billion worth of transactions and is valued at about $180 billion. So from a value perspective, it’s right there on par with Mastercard.” As he states, don’t listen to the noise. Focus on the fundamentals. https://twitter.com/Xentagz/status/1065332934721368064/photo/1 Dr. Roubini Nouriel - one of the people that likes to criticize the blockchain technology and cryptocurrencies - claimed that the Central Bank Digital Currencies (CBDCs) would bring the downfall to cryptocurrency space. Christine Lagarde talked about these last week, expressing interest in bringing the idea to life. Dr. Nouriel Roubini wrote for TheGuardian an article where he express the main points why CBDCs will take over: Central banks already have the technology - “a centralised permissioned private non-distributed ledger that allows for payments and transactions to be facilitated safely and seamlessly” If there would be a possibility for individuals,corporations and non-bank financial institutions to “make transactions through the central bank,”l CBDCs would be able to replace “the need for cash, traditional bank accounts, and even digital payment services;” CBDCs would “immediately displace cryptocurrencies” as they’re not “scalable, cheap, secure, or actually decentralized;” Authorities would “soon crack down on” privacy-focused cryptocurrencies that offer “complete privacy.” Bitcoin Cash ABC’s Mistake Bitcoin Cash ABC’s new rolling 10 block checkpoint system could put the network at risk. Even this was introduced to defend it against “deep” hostile reorganization, the risk is bigger now for consensus chain splits and offer attackers new opportunities, BitMex claimed. The update was made to introduce checkpoints - which will protect the network from bad actors tricking the network into mining fake versions of its blockchain. The results of this could lead to transactions being reversed or network interruptions. But this new update increase the risk of the network having a 51% attack. According to TheNextWeb, someone could control the network for as little as $27,000. As we all know, the hashwar between Roger Ver and Craig Wright ended by Roger ver’s Bitcoin Cash ABC winning the BCH ticker. Would Craig profit of this opportunity and attack the network as he repeatedly declared he will? More details about this can be found on BTCManager and Bitmex blog. Monero’s Lead Developer About BAT - They’re The Mafia Monero’s ”fluffypony” Ricardo Spagni recently took a shot at Basic Attention Token - claiming “They’re basically the mafia.”. It all started when Spagni discovered a “loophole” where the developers of BAT could ” steal funds from users” if they’re unclaimed tokens after 90 days. Moreover, they can also use ‘Sybil attack investigation’ and KYC/AML excuses to prevent you from claiming your coins for 90 days,”. Brendan Eich - The co-founder of Mozilla and the inventor of JavaScript programming language - explained that those were necessary to prevent bad actors from using the network for their own interest. A fraudulent user could accept grants from Brave’s User Growth Pool (UGP) and forward those to fake content creators. As for the ‘Mafia’ comment, Eich claims that clawback its available only for BAT tokens granted from the UGP that go unused. The user’s BAT cannot b

2 months ago


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