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Viacoin News

Philippines Announces Blockchain Upgrade for Procurement, Space Tracking and Public Input Possibly Next

The Philippines Budget secretary has announced that the country is to begin using blockchain in its procurement and tracking activities as a fight against corruption. At the same time, ongoing efforts for blockchain application are being considered for tracking from space, as well as public cooperation. The country already has an advanced government procurement portal called PhilGEPS which is currently undergoing an upgrade, although the development stage has been harried by supplier delays. Speaking of the plans for blockchain, the Department of Budget and Management Secretary Benjamin Diokno has made it clear of where he wants to focus on the implementation of new technology such as blockchain although there is currently a budget restriction which will delay the release of new projects. “We’re going to use it for our warehousing,” he said. “I’m the head of the procurement service. I buy subways, I buy aircraft. A blockchain system for tracking this will be secure and less expensive compared to a big data system.” Another project the government has been looking is the concept of tracking objects from space where satellite images are uploaded online then enabling citizens to actually monitor the progress and comment back to government. The proposed idea called Project DIME (Digital Imagery Monitoring and Evaluation) would involve drones and satellites monitoring ongoing works across some of the country’s 7,200 islands and more remote mountain regions. Another development between the Department of the Interior and Local Government and the United Nations Development Programme has been named DevLIve, enabling a significant input of public cooperation and reporting. According to Diokno, this is in the process of being introduced. He explained DevLIve: “You download an app and then you can actually report to the central ministry, and also to my department and to the Senate and the House simultaneously. We plan to use it more widely in the next few years.” However, it is unclear just how readily the public will take to becoming involved as non-paid civil servants. The secretary also wants to see a situation where the private sector makes competitive bids for all public sector tenders via an online platform, which will add much-needed transparency to new projects. With this enhanced degree of monitoring, and with the absence of the old system of negotiated bids he feels that corruption can be minimized across the sector. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Philippines Announces Blockchain Upgrade for Procurement, Space Tracking and Public Input Possibly Next appeared first on BitcoinNews.com.

27 minutes ago

PR: Lightning Fast Stablecoin USDX Launches Token Sale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money transfers, paying salaries, or making non-cash transactions, this digital payment system is a secure and reliable choice. As a blockchain-based wallet, USDX Wallet guarantees multi-level security for all transactions and instant transfers of assets via a phone number. The native blockchain used by USDX is based on BitShares, and it allows 100,000 transactions per second. For reference, that is the speed of Visa and Mastercard — combined. Many of the pain points of crypto transfers are also solved by this innovative payment system, including cryptocurrency volatility, low transaction speeds, security issues related to private keys, and excessive fees, among many others. Available at Google Play and the App Store, this free app features smooth navigation and slick design, making it a pleasure to use. Face ID and Touch ID features will soon be available for the wallet, making authorization even faster and smoother. Ease of use is coupled with security of use as USDX Wallet employs strong encryption algorithms to protect users’ private keys, which are necessary to access funds. Another security layer is two-factor authentication (2FA) performed via SMS codes or push notifications (depending on user preference). As the Whitepaper states, all USDX services are based on AWS and the Google Cloud platforms, which foster scalability, maintainability, and the overall security of the system. Security and stability are of the utmost importance to USDX Wallet and its currency owners. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT, which refers to Lighthouse Blockchain Technology, the company behind the app. The total supply of LHT is 1B coins, which will be released gradually to the market. Only 5% of the supply will be issued in the first year, while another 5% will be locked on the blockchain to provide 200% collateralization. The benefit of withholding coins is encouraging confidence in LHT owners and potential owners that the value won’t suddenly evaporate if the market becomes flooded. These tokens are available for purchase during the token sale, going on from November 1 to December 31, or until all the allotted coins are sold from this first pool. There are no private sales or presales, and the project has already received venture investment. Developers have set the stage for exchanges integration, and the listing is planned for January 2019. Future profits will come from business account fees. USDX tokens could be purchased via the native app with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and a bunch of other altcoins. Significant bonuses can be earned for any purchases before the end of 2018. ● For a 35% bonus: Download the USDX Wallet app, register, and get 35% extra tokens on your first purchase. ● For a 25% bonus: Invite friends and get 25% back of their first purchase. ● For a 10% bonus: Get 10% more bonuses for second and all subsequent orders. Unlike so many other companies in the industry, USDX Wallet prioritizes effortless crypto transfers. This is a universal payment system for everyone, from newbies to crypto pros. If you’re looking for an easy and effective way to transfer your crypto assets, USDX Wallet may be exactly the solution you’ve been looking for. ABOUT LIGHTHOUSE Lighthouse Blockchain Technology GmbH is a company of entrepreneurs and blockchain professionals with a goal to boost innovations in digital economy. The team has an extensive experience in implementing complex tech-savvy solutions; team members are experts in finance, project management, app development, marketing and design. The company is built on the following principles: make people’s lives better and save their time, strive for innovation and build great products to make users happy. Lighthouse Blockchain Technology operates in the legal field and is ready to build relationships with governments and financial institutions. For partnership requests please email at partners@usdx.cash. Supporting Link https://usdx.cash/ This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss

2 hours ago

All eyes on Tether as US Regulator investigates Bitcoin Rigging Criminal Probe

It was in way back in May 2018 when the US Department of Justice began a criminal probe into whether there was involvement of traders in manipulating the prices of Bitcoin last December when it reached the all-time highs. But looks like now all eyes are on Tether and its use by traders to rake up prices. Is Tether a key element that skyrocketed the prices? According to the recent report published by Bloomberg, the attorneys at the U.S. Justice Department, that were probing the case of illicit trading activities related to driving the prices of Bitcoin to USD 20000, are currently focusing on Tethers and Bitfinex’s involvement in this manipulation. According to the reports, there seems to be a suspicion that Tether was used to rake up the bitcoin prices last year. And as Bitfinex has the same management team as Tether Ltd. And since most coins were first released via Bitfinex it is considered the Hong Kong-based exchange had equal involvement. This is the not the first time Tether’s and Bitfinex’s name has been linked to the bitcoin price manipulation. Both, Tether Ltd. and Bitfinex, had received subpoenas in January from the U.S. Commodity Futures Trading Commission. It is also believed that the Justice Department and CFTC are coordinating their examinations. There is still no official comments or exact clarity as to the government officials are an only investigating activity that occurred on Bitfinex or if any of the exchange executives too were involved in any kind of wrongdoing. In June this year, a research report by a finance professor at Texas University had evaluated the role of Tether in the inflated prices of bitcoin and other cryptocurrencies last year. By using algorithms, the research found a significant association of Tether in the price spike. Well, we will have to wait and watch what would be the outcome of this probe but its somewhat looks difficult for Tether and Bitfinex to come out clean from this. What is your view on Tether and its illicit role in Bitcoin price manipulation? Do let us know your views on the same The post All eyes on Tether as US Regulator investigates Bitcoin Rigging Criminal Probe appeared first on Coingape.

3 hours ago

XRP TipBot sees another update in the new paper accounts feature

On 20th November, Wietse Wind, the creator of the micropayments platform, XRP TipBot, announced an update in its new feature called “Paper Accounts” that was integrated last week. The function of a paper account is to enable a new user to open an account on TipBot without doing so through a social media account. Today, Wind stated that the paper containing tip and the QR code for the TipBot app will also have an ID in order to let the user know if the receiver has activated the account. In his tweet, he wrote: “Paper Account @XRPTipBot update: you want to know who activated your gift and who didn’t, right? Paper Accounts will now have an ID at the top left corner, listed at https://www.xrptipbot.com/app/share as well. Name the Paper Account, and receive a Push notification upon activation” Paper accounts was a secret, long-awaited feature that announced just last week by Wind. He also explained the working of it, stating that users can log in to the TipBot application, create paper accounts and spread them by handing them over to friends, family and their favorite artists and services. Furthermore, the paper will have a public and a private QR code, wherein the public code will be used to send tips and the private code will assist in receiving tips from fellow users. Recently, XRP TipBot also saw its collaboration with another micropayments startup, Coil. Coil was built for the purpose of paying to website portals and content creators via STREAMing [Streaming Transport for the Real-time Exchange of Assets and Messages]. It is a process through which the customers can tip in micro-funds and in a continuous flow, only for the time they have spent on the portal. Here, Dr. T, a member and fan of the XRP ecosystem responded to Wind’s tweet and stated: “Wow. This is really really useful addition! So, not only can I give random strangers XRP, I can get a notification on my phone when they activate it!!!!! Wow! And if they don’t for a period of time, the XRP comes back after 30 days?” To this, the creator reverted by commenting: “If they don’t, your Tip will just be returned to your account, as if they tipped you the entire initial amount back. Their Paper Account will stay valid though, except when they activate it after 30 days, your Tip will no longer be there waiting for them.” The post XRP TipBot sees another update in the new paper accounts feature appeared first on AMBCrypto.

3 hours ago

Huobi Plays Party Line in China, Creates Communist Committee

What do Bitcoin and communism have in common? Huobi. The world’s third largest digital assets exchange has set up a Communist Party committee via its $2.9 million-subsidiary, Beijing Lianhuo Information Service, reported the South China Morning Post. The decision comes under the garb of a political charter given by the Chinese Communist Party to local enterprises. According to it, any company having at least three party members as employees will establish a particular branch to promote the party’s agenda. The protocol - so far - has seen participation from state-backed enterprises. Only recently, private companies have begun to take an interest in it while eyeing government support. They include gaming titan Tencent Holdings, search engine Baidu, smartphone manufacturer Xiaomi, e-commerce company Alibaba Group Holding, owner of the South China Morning Post. Latest tech start-up like Douyu, a live video streaming platform, is also the newest to join the communist party wing. Huobi has reportedly become the first blockchain enterprise to have established itself in China’s political space. The company now expects to expand its venture capital and research & development operations inside the mainland. Related Reading: Huobi, Kraken Assign BCH ‘Throne’ to ABC, Yet Bitcoin Cash Hashwar Continues Political Mileage Huobi founder and chief executive Li Lin, who holds a 99 percent stake in Beijing Lianhuo, termed its launch as a “milestone” for the blockchain industry. Lin attended the Beijing Lianhao’s opening ceremony with 50 other party members, according to Huobi’s official press release. Cao Zhou, one of the party members who attended the ceremony, particularly stressed the importance of government and private enterprises joining hands to promote the industrial and tech space in China. “We must enhance the party’s political leadership, and carry out the party’s principles and policies in private enterprises,” he added. Lin, in comments given for the company’s press release, also projected Huobi as a perfect match for China’s policies on the blockchain, believing the company will be more successful than ever with the government support. What Does It Mean for Bitcoin? As Huobi gains a foothold in the Chinese blockchain space, the company will continue to keep its digital currency exchange away from the mainland. Now operating from Singapore, the Huobi digital asset exchange garners a daily trading volume of US$560 million, according to data available at CoinMarketCap. But due to China’s strict stance on retail trading of digital assets like Bitcoin, Huobi now keeps only its non-exchange business inside China, which includes operations related to venture funding and blockchain consultation. It is clear that Huobi’s expansion into China will not be impacting its relationship with an exchange that the Chinese government considers “banned.” Nevertheless, the company’s closeness with the party officials could gain it rights to lobby the digital currency regulation, now that reports are indicating that the use of Bitcoin is not entirely illegal in China. Featured image from Shutterstock. The post Huobi Plays Party Line in China, Creates Communist Committee appeared first on NewsBTC.

3 hours ago

Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off

Cryptocurrency enthusiasts have been glued to the price charts over the last 48 hours as digital assets across the entire crypto-economy have plunged significantly. Since our last markets update two days ago, the digital currency ecosystem has lost over $30 billion and the overall market capitalization of all 2,000+ coins now sits at around $159 billion. Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide The Sell-Off and Shakeup Markets have been bloody over the last few days with nearly every digital asset reaching its lowest price point of the year. Traditionally, cryptocurrency prices are usually bullish during November, but this year has been the exact opposite. Even though prices are extremely low, cryptocurrency market volumes have more than doubled over the last 24 hours. This shows that traders are playing new positions and scooping up coins at much lower prices in hopes their value will rise again. Top 10 cryptocurrencies on Nov. 20, 2018. Right now the price of bitcoin core (BTC) is around $4,800, but during overnight trading sessions BTC stumbled down to $4,237 per coin. Ripple (XRP) markets have been doing better than most but had dipped to a low of $0.41 per XRP. The XRP token is down 6.6% today, and over 13.4% over the last seven days. XRP is now back up to $0.46 per token according to the most recent data. Ethereum (ETH) now commands the third position among the top 10 market capitalizations and is down 35% for the week. Currently, ETH is trading for $144 per coin and holds a $14.8 billion market valuation. Lastly, stellar (XLM) has been pushed back to fifth position and is trading for $0.21 this Tuesday. Stellar markets are down 23% for the week but briefly managed to take the fourth position among the top 10 market caps. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) markets took a pretty hard hit this week and prices have dropped about 54% over the last seven days. However, prices have varied depending on which exchange is being observed due to some metrics splitting the price of BCH into two. For instance, the aggregated price for BCH on data sites like Coinmarketcap show $255 per BCH, but other trading platforms like Bitstamp show a spot price of $302. BCH daily chart. Further, bitcoin cash trade volume globally is super low compared to the rest of the crypto-economy, with only $134.9 million global trades over the last day. This is due to a lot of exchanges which are still not servicing BCH orders, five days after the network fork. Again this has made currency pairs much different than in weeks prior as ETH is the top pair traded with BCH today, capturing 34% of all BCH trades. This is followed by BTC (29%), USDT (17.7%), KRW (13.7), and JPY (3.1%). BCH/USD markets show only 0.55% of all BCH trades are currently using USD for swaps. Technical Indicators Looking at the charts on Bitstamp currently shows an average BCH/USD spot price of around $303. Relative Strength Index levels were screaming a low of -10, showing significant oversold conditions during the early morning trading sessions, but have bumped back up to around -36. The RSI and Stochastic still show conditions are oversold, but BCH prices are starting to kick back into a higher gear and these conditions may not last long. Bitstamp BCH/USD Nov. 20, 2018. The two Simple Moving Averages (SMA) show the short-term 100 SMA is above the longer term 200 SMA, indicating a possible trend reversal from bearish to bullish could be on the cards. Order books show a different story, however, as both sides have significantly sized buy and sell walls. On the upside, there will be some good pit stops around $360 and higher and on the backside foundational support from the current vantage point until $240. Bitstamp BCH/USD Nov. 20, 2018. The Verdict: Market Participants Still Confident in the Long Term It’s hard to gauge how the cryptocurrency community is dealing with the big drops in value as many still seem confident in the long-term future of digital assets and blockchain technology. However, most crypto markets saw a huge sell-off, recording their lowest figures since Oct. 2017. The five coins that have shed the most over the last 24 hours are centrality (CENNZ), maker (MKR), aeternity (AE), waves (WAVES), and bitcoin gold (BTG). Meanwhile, Bitcoin Cash proponents are waiting for more businesses to open up services as exchanges and wallets have slowly been coming back online over the last 24 hours. According to data collected from Coinmarketcap and Poloniex, the split coin BSV has been trading at between $40-60 over the last two hours. Where do you see the price of bitcoin cash and other coins headed from here? Let us know in the comments section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decis

3 hours ago

US Election Commission Gives Green Light for Support of Favorite Candidates via Crypto Mining

CoinSpeaker US Election Commission Gives Green Light for Support of Favorite Candidates via Crypto Mining While some crypto traders and investors are gripped by panic caused by the negative trend that all the major cryptocurrencies have entered, cryptocurrencies are moving forward to its mass adoption and wide application. According to the news received from the U.S., the U.S. Federal Election Commission (FEC) has issued a draft advisory opinion that could allow mining pools to donate to political campaigns. FEC Decision The decision has taken in the context of preparation for the 2020 U.S. presidential election following the conclusion of November 2018 midterm elections. In its memorandum, the FEC stated that it’s permissible to contribute one’s computer processing power to mine cryptocurrency with a view to support a political campaign of a preferred candidate. Nevertheless, such an act will be viewed as a contribution not just an act of volunteering. The FEC explained it the following way: “The Commission concludes that the proposed cryptocurrency mining pool does not fall within the volunteer internet activities exception to the definition of a contribution. Because an individual will be providing something of value to a political committee...the individual will be making a contribution to the political committee, equivalent to the usual and normal charge for the computing services used.” Background This decision was taken as a reaction to a request that the commission had received from by OsiaNetwork LLC. The company seeks to become a platform that will be used by people who want to donate their computing power of their internet-enabled devices to mine cryptocurrencies to support political campaigns. In other words, the aim of OsiaNetwork is monetization of the political fundraising procedure. It can be done by means of taking charge from campaigns for serving as a platform for crypto mining pools for them. “OsiaNetwork will allocate the mining rewards it receives among its clients ‘proportionately to the number of hashes that each committee’s volunteers generate in order to solve the block that generates the mining reward,” is stated in the FEC memo. How It Can Be Done According to OsiaNetwork’s vision, it is necessary to create special pages on the federal political committees’ existing website to give volunteers a possibility to donate the computing power of their devices. By keeping this web page open, volunteers will let their devices be a part of the mining pool. OsiaNetwork believes that individuals should have a possibility to contribute to as many political campaigns as they consider it necessary. Nevertheless, in this case, they won’t have the right to benefit from the mining rewards. Now the draft will be available for public comment. Osia Network should prepare a response by December 19. Let us also remind that the FEC first allowed Bitcoin donations to political candidates in 2014. In 2017-2018 a total of donations made in cryptocurrency to nine federal candidates amounted to $570,000. US Election Commission Gives Green Light for Support of Favorite Candidates via Crypto Mining

4 hours ago

Ripple Allegedly Negotiating with Bank of America over Collaboration

CoinSpeaker Ripple Allegedly Negotiating with Bank of America over Collaboration Last week we could hear some rumors about a possible partnership between second-largest U.S. bank by assets and number two cryptocurrency - XRP. Although there is still no official announcement, it is possible that Bank of America is preparing to embrace blockchain technology. The blockchain can be used for international transactions in place of the typical slow, error-prone and expensive SWIFT system. Cryptocurrency trader Crypto Badger put out the following tweet: XRP is looking strong and Bank of America announced they will be offering cryptocurrency custody solutions, take that with a 50/100 EMA cross and bingo. Entering on this just based off previous XRP hype and rallies. Current plan: #xrp #ripple pic.twitter.com/MEEvIJBZfj — Crypto Badger (@CrypticDecision) November 5, 2018 Bank of America is trying to deploy a new app similar to Ripple’s. It should allow customers to transfer their money across banks like Merrill Lynch, Merrill Edge or US Trust, without having to go through the process of ‘re-authentication’ every time a transfer is made between the financial institutions. This is similar to what xCurrent offers. Wall Street has been shying away from accepting the crypto even though a large number of banking and financial institutions have been embracing it wholeheartedly. Ripple Simplifying the Process of Cross-Border Payment Whether or not the rumors are true, Ripple is already prepared to abandon the SWIFT payment system. With over one hundred banks and financial institutions adopting Ripple, there is no telling how far the blockchain will go. If the Bank of America comes on board, other institutions will probably just follow. TAS group was the first company to adopt Ripple payment protocol in 2013. TAS Group serves major commercial & central banks and the main Financial Services centers in Italy and Europe, and are the main global broker-dealers of the Global Fortune 500. Since the first tie-up, many more alliances have forged. The banking giant is already a customer of the company which is quickly gaining a roster of industry players attracted to their xRapid platform or to promises of promoting capital liquidity. There is no doubt that the company seeks to develop products that enhance the operations of traditional banking institutions, making them faster and easier. The company spearheads the simplification process of cross-border payments. Therefore, this explains why the cryptocurrency firm is creating increasingly cutting-edge tech-based products to facilitate such transactions. These products include xCurrent, xRapid and xVia. It’s imperative to note that the launch of these products influenced the prices of XRP in the cryptocurrency market. For instance, the launch of xRapid saw XRP price climbing rapidly. Besides this, the products attract cross-border payment giants, such as MoneyGram and Western Union. Ever since the launch of xRapid, lots of financial institutions such as MoneyGram and Western Union have affirmed its credibility and commended Ripple’s technology. An excerpt from the Ripple website: “xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity.” It is important to note that xRapid is specially made for financial institutions that want to reduce the costs on liquidity. xRapid not only helps to reduce liquidity costs, but it also protects financial institutions from the obsolete hassles of cross-border payments. Ripple Constantly Strengthening its Business Ties Earlier, Spanish commercial banking giant and financial service firm Banco Santander (S.A) forged a business partnership with Ripple. According to Santander’s press release, the aim of the strategic business collaboration is to deploy Ripple’s product, xCurrent, to facilitate its global payments. It is safe to say that Ripple is re-positioning itself for the future. This is clear considering Ripple’s recent partnerships with several banking giants. Some of these partners include MUFG Bank, SBI, WestPac, Siam Commercial Bank, and a host of others. Although the news hasn’t been announced officially yet, there are claims on Reddit that the partnership is going to be official soon. The poster claimed that the text was a piece of a document from a presentation. The content is as follows: “Ripple offers an opportunity to dramatically reduce the complexity attached to transactions and allow its partners eliminate errors and standardize data protocol formats as well as reconcile data through the ripple blockchain. The aim is to create the environment for efficient cross-currency payments by eliminating multiple costs, reducing settlement times and offering tran

4 hours ago

USDX Wallet: a Solution for Effortless Crypto Transfers

CoinSpeaker USDX Wallet: a Solution for Effortless Crypto Transfers With the development of distributed ledger technology, blockchain-based wallets have gained a lot of traction, winning over 25+ million clients. Used to deposit money and make non-cash transactions, such wallets urge the creation of convenient solutions for crypto transactions. Stablecoins, which are becoming a real trend this year, make the need for such solution even stronger. USDX Wallet payment system seems to be an excellent one. USDX Wallet is a blockchain-based application that enables multi-level security of transactions and instant transfers of assets via a phone number. Providing a bank for those without one, it features global availability, multi-level security, and extreme convenience along with lightning-fast remittances. This payment system deals with such problems as volatility of cryptocurrencies, long and complicated wallet addresses, security issues related to storing and entering private keys. Excessive fees for small transactions, deceptive prices designated in cryptocurrencies, and low transaction speeds are also paid strong attention to. The native blockchain is based on BitShares, allowing 100,000 transactions per second. Fitted with a slick design and smooth navigation, USDX Wallet is already available at Google Play and App Store. The app provides a two-factor authentication (2FA) via SMS or push notifications for even more security. According to the whitepaper, all USDX services are based on AWS and the Google Cloud platforms, which foster scalability, maintainability, and the overall security of the system. Regular app updates are provided for both iOS and Android platforms. For example, developers plan to add Face ID and Touch ID features soon.. Cryptocurrencies Featured by USDX Wallet USDX Wallet features two cryptocurrencies, USDX token, and LHT coin. USDX is a price-stable token pegged to the US dollar at a 1:1 ratio via a smart contract, which controls its supply. Due to its stability, USDX is very useful as a means of payments and savings. It can’t be lost, stolen or damaged. USDX tokens can be purchased via the native app with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and a bunch of other altcoins. A core cryptocurrency and a collateral for the USDX is the Lighthouse coin, or LHT, which refers to Lighthouse Blockchain Technology, the company behind the app. The smart contract guarantees that each USDX token is collateralized with at least 200% worth of LHT. According to the developers, the combination of the LHT token and USDX stablecoin is boosting global cryptocurrency usage and increasing its safety. Token Sale The total amount of LHT coins is limited to 1 billion. The coins will be issued to the market gradually. In the first year, only 5% of LHT will be issued to the market. Another 5% will be locked on the blockchain to provide 200% collateralization. Withholding coins will ensure LHT owners that the value won’t suddenly evaporate if the market becomes flooded. The token sale has started on November, 1 and will last until December, 31, or until all the allotted coins are sold from this first pool. The project has already got venture investment, that’s why there are no private sales or presales. The listing is scheduled for January 2019. Until the end of 2018, buyers can get bonuses for any coin purchases. To get a 35% bonus, you need to download the USDX Wallet app, register, and get 35% extra tokens on your first purchase. For a 25% bonus, you have to invite friends. 10% more bonuses for second and all subsequent orders. Special offers are valid for 14 days after app installation. Official #TokenSale launch & USDX Wallet app release 1.11. Get a 35% bonus from your first USDX #stablecoin. Get more bonuses by inviting friends and receive 25% back of their first purchase. The app accepts BTC, ETH, EOS & other #altcoins https://t.co/skYq1izpLf pic.twitter.com/cmHED4dk4A — USDX Wallet (@USDXwallet) November 1, 2018 USDX Wallet is an excellent solution to conduct effortless crypto transfers. This payment system suits for everyone, from newbies to crypto pros. If you’re looking for an easy and effective way to transfer your crypto assets, USDX Wallet may be exactly the solution you’ve been looking for. USDX Wallet: a Solution for Effortless Crypto Transfers

4 hours ago

XRP Is Illegal and Ethereum ETH Is Useless, Craig Wright Says

The BCH hash war may be the most disastrous event for the prices of cryptocurrencies in general. Not only did the price of that altcoin collapsed by almost 50% as a result of this confrontation, but practically the entire community and the rest of the projects have suffered its consequences. Something that has characterized the “leaders” of both sides has been the discredit of their contender and bias that makes it difficult for users to forge an objective idea of the situation by analyzing the arguments of their primary sources. A few days ago, Craig Wright, one of the main promoters of BSV (one of the implementations known as Satoshi’s Vision) expressed via Twitter his impressions about several cryptocurrencies, perhaps in an attempt to generate controversy or to give credibility to his fork which has already lost half its value with respect to the original BCH blockchain. According to Wright, the two most important cryptocurrencies of the ecosystem after Bitcoin are complete failures that could be put aside. The man known by the community as “Faketoshi” commented that ETH lacked use-cases and that after its destruction, XRP was next on the list. Any use-case for ETH no longer exists following the confirmation by the @SEC_News on ICOs. All as I have been trying to say for years. Next target, XRP. Another illegal unregistered security platform to take down. — Dr Craig S Wright (@ProfFaustus) November 17, 2018 After saying that ETH lacked use cases (hard to believe for a blockchain on which most of the projects of the crypto verse run), Wright spoke of Ripple. In his early tweets, his approach was quite technical and respectful: For XRP not to be a security, it will need to be a real utility offer. IF something is exchanged with expectations of profit, it is not a utility token. XRP is a tradable good that is sold under the expectation of profit. That in itself makes it a security. — Dr Craig S Wright (@ProfFaustus) November 18, 2018 XRP is going to be "found" to be both a security and in violation of Section 5 of the Securities Act of 1933. The Act mandates the registration of securities with the SEC. These must be offered exclusively on a registered exchange.https://t.co/5OPHuBz49e — Dr Craig S Wright (@ProfFaustus) November 19, 2018 After giving a technical opinion, Wright turned to a more disrespectful and rude style, increasing controversy. According to his new wave of tweets, XRP is nothing less than a scam. For Wright, XRP is actually an unregistered security. XRP is the biggest scam in the space. I look forward to when this sham offer is revoked. This idea of issuing non-registered securities and selling to noobs who want to get rich without working is nothing new and neither will be the take-down. — Dr Craig S Wright (@ProfFaustus) November 18, 2018 In a later tweet, Craig Wright talks about how in the future, if XRP is declared as security, all trading in this currency must be halted. Finally, he went much further, mentioning that all tokens that are put into circulation should be prohibited because they are securities. In this list includes BTC, ETH, XRP among others. If you sell any type of token implying that the purchaser will be able to sell them for more later. That this is a securities offering. XRP, ETH, Bitcoin etc. Not to be used, but to see a speculative gain. If you promote this, (HODL) you are promoting a security Licensed? — Dr Craig S Wright (@ProfFaustus) November 19, 2018 Currently, several exchanges are working on making the necessary changes to list BAB (Roger Ver’s version) and BSV (the version promoted by Calvin Ayre and Craig Wright) as cryptocurrencies ready to trade after the disappearance of BCH as a single cryptocurrency before the fork. The post XRP Is Illegal and Ethereum ETH Is Useless, Craig Wright Says appeared first on Ethereum World News.

4 hours ago

XRP Is Illegal and ETH Is Useless, Craig Wright Says

The BCH hash war may be the most disastrous event for the prices of cryptocurrencies in general. Not only did the price of that altcoin collapsed by almost 50% as a result of this confrontation, but practically the entire community and the rest of the projects have suffered its consequences. Something that has characterized the “leaders” of both sides has been the discredit of their contender and bias that makes it difficult for users to forge an objective idea of the situation by analyzing the arguments of their primary sources. A few days ago, Craig Wright, one of the main promoters of BSV (one of the implementations known as Satoshi’s Vision) expressed via Twitter his impressions about several cryptocurrencies, perhaps in an attempt to generate controversy or to give credibility to his fork which has already lost half its value with respect to the original BCH blockchain. According to Wright, the two most important cryptocurrencies of the ecosystem after Bitcoin are complete failures that could be put aside. The man known by the community as “Faketoshi” commented that ETH lacked use-cases and that after its destruction, XRP was next on the list. Any use-case for ETH no longer exists following the confirmation by the @SEC_News on ICOs. All as I have been trying to say for years. Next target, XRP. Another illegal unregistered security platform to take down. — Dr Craig S Wright (@ProfFaustus) November 17, 2018 After saying that ETH lacked use cases (hard to believe for a blockchain on which most of the projects of the crypto verse run), Wright spoke of Ripple. In his early tweets, his approach was quite technical and respectful: For XRP not to be a security, it will need to be a real utility offer. IF something is exchanged with expectations of profit, it is not a utility token. XRP is a tradable good that is sold under the expectation of profit. That in itself makes it a security. — Dr Craig S Wright (@ProfFaustus) November 18, 2018 XRP is going to be "found" to be both a security and in violation of Section 5 of the Securities Act of 1933. The Act mandates the registration of securities with the SEC. These must be offered exclusively on a registered exchange.https://t.co/5OPHuBz49e — Dr Craig S Wright (@ProfFaustus) November 19, 2018 After giving a technical opinion, Wright turned to a more disrespectful and rude style, increasing controversy. According to his new wave of tweets, XRP is nothing less than a scam. For Wright, XRP is actually an unregistered security. XRP is the biggest scam in the space. I look forward to when this sham offer is revoked. This idea of issuing non-registered securities and selling to noobs who want to get rich without working is nothing new and neither will be the take-down. — Dr Craig S Wright (@ProfFaustus) November 18, 2018 In a later tweet, Craig Wright talks about how in the future, if XRP is declared as security, all trading in this currency must be halted. Finally, he went much further, mentioning that all tokens that are put into circulation should be prohibited because they are securities. In this list includes BTC, ETH, XRP among others. If you sell any type of token implying that the purchaser will be able to sell them for more later. That this is a securities offering. XRP, ETH, Bitcoin etc. Not to be used, but to see a speculative gain. If you promote this, (HODL) you are promoting a security Licensed? — Dr Craig S Wright (@ProfFaustus) November 19, 2018 Currently, several exchanges are working on making the necessary changes to list BAB (Roger Ver’s version) and BSV (the version promoted by Calvin Ayre and Craig Wright) as cryptocurrencies ready to trade after the disappearance of BCH as a single cryptocurrency before the fork. Evolution of BCH price starting near one week before its fork. Heikin Ashi candles are used to reduce noise. Graph: Tradingview The post XRP Is Illegal and ETH Is Useless, Craig Wright Says appeared first on Ethereum World News.

5 hours ago

IOTA Foundation Partners With High Mobility to Launch New Mobility Apps

Developer platform HIGH MOBILITY announced today on their blog that they are partnering with the IOTA Foundation to utilize the power of blockchain technology. IOTA’s open sourced distributed ledger technology will be helping to create a standardized connected car API. Through the developer platform, new mobility apps will meet connected cars. Entering the World of Connected Cars With the use of IOTA’s ledger, developers on HIGH MOBILITY will be able to create a new line of mobility apps and simplify the app development process significantly. HIGH MOBILITY wrote: “Today sees the launch of the first stage of this collaboration via a smart charging blueprint in the all-new IOTA Workspace. In this workspace, developers will be able to build and test apps using HIGH MOBILITY’s standardized connected car API on the IOTA platform.” HIGH MOBILITY also suggests that its development community and the open source IOTA ledger will help in bringing the two organizations closer and translate the value of the blockchain to real-world scenarios, especially in connected cars. New IOTA Workspace to Begin HIGH MOBILITY will start working in the IOTA Workspace shortly. Their CTO Kevin Valdek noted that the culmination of the technology by both organizations would unlock a range of exciting apps for developers. He said: “With IOTA’s ledger and the team’s vision for future mobility, we will see it being applied by many new services. The type of applications that can be enabled with IOTA’s technology and vehicle data are many.” The journey will begin with a charging blueprint, which will be the first to be launched in the workspace. Valdek explained that the first blueprint suggests how vehicle data can be put into a ledger and combined with payments and charging infrastructure. IOTA’s head of mobility and automotive said that he is convinced that bridging the gap between developers and the corporates while implementing scalable and easy to use tools will help in solving some major pain points in adoption. Workspace users will now be introduced to simpler, lightweight documentation and webinars as well as user-focused navigation and interaction within the platform. IOTA Foundation Partners With High Mobility to Launch New Mobility Apps was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

5 hours ago

Electron Cash Developer Jonald Fyookball Talks About BCH Fork Controversy

For Jonald Fyookball, developer of Electron Cash, and a strong believer in the mission of Bitcoin Cash, the latest BCH fork is all about getting rid of the controversy and focusing on the basics. In his most recent Medium post, he talked about the chain of events that led to the contention between the two camps, the birth of two competing chains and how the BCH ABC chain is better off without the grand technobabble of Craig S. Wright (CSW). Roger Ver highlighted and promoted the article via Twitter: "One of the biggest ways that CSW has damaged the community is to make an endless series of broken promises": https://t.co/4fplSi3RKL pic.twitter.com/1p4AbZXzuG — Roger Ver (@rogerkver) November 19, 2018 CSW’s Departure Is a Good Thing Fyookball, in his blog, doesn’t shy away from claiming that CSW’s departure from the chain is a “wonderful thing.” He added further: “This self-described ‘tyrant’ has been expunged, and now we can get back to our mission of bringing peer-to-peer electronic cash to the world.” He acknowledged that the markets had seen a bloodbath because of Bitcoin Cash contentions but said that prices would stabilize once the chaos is over. He also noted that the BCH ABC team would continue building their product regardless of the price. In the post, Fyookball notes that CSW’s behavior must be called out because he has done significant damage to the BCH community and the cryptocurrency sector at large. The ‘Faketoshi,’ as he is called for making several unconvincing claims that he is the original Satoshi Nakamoto, is often called out for not having enough technical proficiency. The glamorization of whom the founder of Bitcoin is could have helped him gain prominence in the world of digital assets. Frauds, Plagiarism, and Broken Promises The article points out that CSW has plagiarized his papers, tried to take credit as Satoshi and was even involved in trading on Mt. Gox between 2013 and 2014. Fyookball also points out the promises he made to the BCH community. He made tall promises like building a mining pool to ‘stop SegWit,’ bringing bigger companies into the BCH sphere and finding a fungibility solution based on blind threshold signatures. This caused friction in the community. He was then supported by nChain, which introduced a new set of rules to the chain right before the scheduled bi-annual hard fork was about to happen. Other developer groups like Bitcoin ABC, Bitcoin Unlimited, and others found the changes incompatible with their plans which led to another huge controversy for the chain. Finally, nChain and CSW built their own software BitcoinSV, believing that “out hashing” other groups will make their ideas acceptable. The chain divided into two with the Bitcoin Cash ABC chain and Bitcoin Cash SV chain. Fyookball says that CSW can do whatever he wants with the BitcoinSV chain and the good thing is that he will never influence the rest of the Bitcoin Cash community again. He said: “And all the negative things and negative people that were a consequence of his involvement in Bitcoin Cash are gone with him.” Electron Cash Developer Jonald Fyookball Talks About BCH Fork Controversy was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

6 hours ago

A Team of Non-Profit Veterans Launch Whirl to Bring Crowdfunding to the Blockchain

An all-star team of professionals in the blockchain, crowdfunding, and nonprofit sectors recently launched WHIRL. The WHIRL platform will give users a new way to finance their dreams via crowdfunding. At the same time, it will encourage users to contribute to charitable events. Backed by 20 prominent names, the WHIRL platform was launched after years of research, followed by another year and a half that went into development and to receive the necessary legal accreditation to operate such a blockchain powered crowdfunding platform. The Founding Team Roel Wolfert co-founded the WHIRL platform. He is a pioneer in the world of digital payments and was one of the founders in Liqwith. Besides that, he has held the position of a VP at VISA. The other co-founder is Martijn Hekman, who has been involved in major charitable efforts in over 15 nations globally. He has worked with large organizations such as the UN, World Vision, and other NGOs. According to Roel, crowdfunding with the use of blockchain tech is an original use case and WHIRL hopes to realize its potential and promise. However, they will go beyond that, WHIRL will be a platform where the real social impact can be felt globally. Stagnation in Crowdfunding In the last decade, crowdfunding has experienced stagnation. This has been due to fraud, oversaturation, and failing success rates. WHIRL wants to solve the issues by listing some campaigns and incentivizing contributors. It will be done using a transparent and fair point-based system. This system has been dubbed the “Karma” system. When you back a WHIRL project, you will be awarded Karma. When it is your turn to create a campaign for your vision, your Karma will be used to determine when it will launch. It will also be used to determine how much cash you can get. Roel said that WHIRL would offer a disruptive alternative to the loans offered by fiat systems today. Without incurring debt, users get to fund their project. This platform will be open to all types of projects including medical bills, education, travel, Olympic dreams, and new businesses. Social Drive WHIRL is a socially driven platform that gives people the ability to raise funds for their obligations and dreams. They do not have to beg from family and friends or promise gimmicky rewards if they take part. The users also do not need to incur any major loans that could bury them in debt forever. Benefits for Non-Profits Non-profits will be able to grow their exposure and help them gain immediate access to capital. The non-profits placed on the platform do not pay any fees. Besides that, their backers will get bonus Karma points. Martijn Hekman, the other co-founder, said that he had led humanitarian work in Iraq, Syria, and Afghanistan. During that time, he had seen how hard it was for non-profits to gain access to funding. This platform will help those who have been locked out of crowdfunding due to the banking system and their geography. Crypto-Giving The WHIRL blockchain platform is fueled by its native WRL tokens. In addition to WRL being the favored mode of transaction on the platform, WHIRL also supports 12 prominent cryptocurrencies. Every time somebody contributes to a fundraising campaign on the platform, they will be awarded Karma. The number of Karma points awarded will vary depending on the mode of transaction. Those donating with WRL will receive 10 Karma for each dollar contributed. Similarly, those contributing with partner cryptocurrencies will receive 8.5 Karma and with other cryptocurrencies, they will receive 7 Karma per dollar. The number of Karma points gained will decide whether the individual is eligible to create their own fundraising campaign on the platform. Token Sale: WHIRL will soon start offering its WRL tokens to the public through a token sale campaign. The campaign is set to go live in under a week’s time, with exciting bonus offers. Image: Pixabay The post A Team of Non-Profit Veterans Launch Whirl to Bring Crowdfunding to the Blockchain appeared first on Live Bitcoin News.

7 hours ago

Ripple Allegedly Negotiating with Bank of America over Possible Collaboration

CoinSpeaker Ripple Allegedly Negotiating with Bank of America over Possible Collaboration Last week we could hear some rumors about a possible partnership between second-largest U.S. bank by assets and number two cryptocurrency - XRP. Although there is still no official announcement, it is possible that Bank of America is preparing to embrace blockchain technology. The blockchain can be used for international transactions in place of the typical slow, error-prone and expensive SWIFT system. Cryptocurrency trader Crypto Badger put out the following tweet: XRP is looking strong and Bank of America announced they will be offering cryptocurrency custody solutions, take that with a 50/100 EMA cross and bingo. Entering on this just based off previous XRP hype and rallies. Current plan: #xrp #ripple pic.twitter.com/MEEvIJBZfj — Crypto Badger (@CrypticDecision) November 5, 2018 Bank of America is trying to deploy a new app similar to Ripple’s. It should allow customers to transfer their money across banks like Merrill Lynch, Merrill Edge or US Trust, without having to go through the process of ‘re-authentication’ every time a transfer is made between the financial institutions. This is similar to what xCurrent offers. Wall Street has been shying away from accepting the crypto even though a large number of banking and financial institutions have been embracing it wholeheartedly. Ripple Simplifying the Process of Cross-Border Payment Whether or not the rumors are true, Ripple is already prepared to abandon the SWIFT payment system. With over one hundred banks and financial institutions adopting Ripple, there is no telling how far the blockchain will go. If the Bank of America comes on board, other institutions will probably just follow. TAS group was the first company to adopt Ripple payment protocol in 2013. TAS Group serves major commercial & central banks and the main Financial Services centers in Italy and Europe, and are the main global broker-dealers of the Global Fortune 500. Since the first tie-up, many more alliances have forged. The banking giant is already a customer of the company which is quickly gaining a roster of industry players attracted to their xRapid platform or to promises of promoting capital liquidity. There is no doubt that the company seeks to develop products that enhance the operations of traditional banking institutions, making them faster and easier. The company spearheads the simplification process of cross-border payments. Therefore, this explains why the cryptocurrency firm is creating increasingly cutting-edge tech-based products to facilitate such transactions. These products include xCurrent, xRapid and xVia. It’s imperative to note that the launch of these products influenced the prices of XRP in the cryptocurrency market. For instance, the launch of xRapid saw XRP price climbing rapidly. Besides this, the products attract cross-border payment giants, such as MoneyGram and Western Union. Ever since the launch of xRapid, lots of financial institutions such as MoneyGram and Western Union have affirmed its credibility and commended Ripple’s technology. An excerpt from the Ripple website: “xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity.” It is important to note that xRapid is specially made for financial institutions that want to reduce the costs on liquidity. xRapid not only helps to reduce liquidity costs, but it also protects financial institutions from the obsolete hassles of cross-border payments. Ripple Constantly Strengthening its Business Ties Earlier, Spanish commercial banking giant and financial service firm Banco Santander (S.A) forged a business partnership with Ripple. According to Santander’s press release, the aim of the strategic business collaboration is to deploy Ripple’s product, xCurrent, to facilitate its global payments. It is safe to say that Ripple is re-positioning itself for the future. This is clear considering Ripple’s recent partnerships with several banking giants. Some of these partners include MUFG Bank, SBI, WestPac, Siam Commercial Bank, and a host of others. Although the news hasn’t been announced officially yet, there are claims on Reddit that the partnership is going to be official soon. The poster claimed that the text was a piece of a document from a presentation. The content is as follows: “Ripple offers an opportunity to dramatically reduce the complexity attached to transactions and allow its partners eliminate errors and standardize data protocol formats as well as reconcile data through the ripple blockchain. The aim is to create the environment for efficient cross-currency payments by eliminating multiple costs, reducing settlement times and offe

7 hours ago

How Will Blockchain Enable an E-commerce Explosion?

CoinSpeaker How Will Blockchain Enable an E-commerce Explosion? This July, Jeff Bezos - founder of Amazon - became the world’s richest person, and pursuit of E-commerce innovation by global capital reached an all-time high. It can be said that Blockchain and E-commerce are a match made in heaven. For blockchain, E-commerce is a natural liquidity pool, and for E-commerce, blockchain can help with efficiency and certainty. E-commerce is the first use case of the Newton Project. Aside from internet blockchain technology itself, technologies and products like NewIoT, NewAI, and NewID will be applied to E-commerce scenarios. Newton’s upcoming NewMall product is the organization’s first “template” application created especially for E-commerce, which will reach a sales volume of 3 billion RMB next year. Aside from that, several E-commerce DApps are also in active development. Traceable Sourcing: Saying Goodbye to Fakes What makes NewMall different from traditional E-commerce is the use of NewIoT technology and trusted physical channel protocols which will be used throughout the entire sourcing process. Packaging will have a per sticker price of just RMB 0.1 - (the NewTag). Anyone handling the goods must use a phone with NewPay, and the NewIDs of all handlers are immediately visible on NewPay, as well as via timestamps on damaged NewTags. This data is concurrently distributed on NewNet, thereby achieving traceability down to the second. In the hypothetical case of a malicious supplier or supply chain service provider manipulating any element of the logistical process, this data is retained and publicly disclosed as evidence, incentivizing good business practices. Preventing Data Leakage at the Source The user is essentially the product. One frequently seen use case is when a user sees recommendations for a product on news channels or other media information sites, after having just found it on an E-commerce platform. Big data has become a lifeline for previous E-commerce giants. And subsidies for them to burn money can be later earned back through the sale of big data. After all, data on user purchases and credit, as well as personal information retention, are inherently stored centrally. In NewMall however, user data including personal information and transactions are attached to a unified NewID, a DID using asymmetric encryption, so that only the users themselves have access to their personal data. This data is thereby permanently stored on the chain. If some third party requests access, the user has the option to authorize the transaction in exchange for a certain reward, or refuse it. Only in this way user data can become a true digital asset. From Opposition to Mutual Benefit In the past, the only role of users was to serve as consumers. Even loyal 10-year users of Taobao or Amazon were unable to receive any portion of the platforms’ income, because instead, that income would simply line the pockets of a very few elite shareholders. Not just users, but logistics service providers and suppliers were ignored in this respect. So its clear how these oppositional relationships with users and upstream/downstream providers are inherent to the platforms themselves. The difference in NewMall however is that users earn tokens as rewards for shopping. Browser ads, promotions, and even product delivery are regarded as contributions to the ecosystem. That means that users become platform shareholders through their purchases, essentially transforming the relationships between the platform and its users, and upstream/downstream providers from opposition to mutual beneficiaries. The platform will thereby also go from burning incentive money to earning its own rewards. Reducing Merchant Costs With traditional E-commerce platforms, due to the Matthew effect, merchants pay platforms up to 25% of turnover costs. NewMall, a platform based on blockchain technology, has an entirely different model, which greatly reduces transaction costs for merchants. And with this new approach, fees are reduced by at least 50% compared to traditional platforms. Digital Marketing A digital marketing system can be run on the basis of NewAI and NewMall. First, the merchant places ads based on NewAI data analysis; then clicks or purchases induced by the ads are completely and reliably tracked. Marketing plans can be executed through smart contracts, resolving the pain point that sees merchants lacking the data to calculate ROI. E-commerce has reached a trillion-level market scale. Since the mobile internet has reached maturity, the big picture has been set, so dividends based on mobile commerce have almost all been consumed. The E-commerce infrastructure Newton is building however, not only includes blockchain, but also a powerfully tandem combination with AI and IoT, allowing disruption of sales, purchasing, supply chain, and marketing. How Will Blockchain Enable an E-commerce Explosion?

7 hours ago

Bitcoin Hash Rate Declines to August Levels as Some BTC Miners Consider Shutting Down

The current state of the cryptocurrency markets can be compared to the free-fall experienced due to gravity when someone jumps out of a plane before deploying a parachute. Ever since the 14th of November this year, the value of BTC has fallen from levels around $6,300 to current levels of $4,500. This is a drop of close to 30% in a period of less than a week. BTC touched a new low a few hours ago at $4,380 with many crypto traders are concerned that the King of Crypto has not reached a bottom. The proverbial parachute for BTC would come in handy right about now! Lowest BTC Hash Rate Since August According to eToro’s senior market analyst, Mati Greenspan, the current bitcoin hash-rate is now the lowest it has been since August this year. The drop seems to be continuing with time and is a clear indicator that some miners are probably opting to shut down their rigs or mine other cryptocurrencies. Mati Greenspan shared this observation via the following tweet. Bitcoin hashrate is now the lowest it's been since August. It's still up sharply since the start of the year but it seems clear that some miners are shutting down their rigs in face of lower BTC prices. pic.twitter.com/Og9AJM6FGt — Mati Greenspan (@MatiGreenspan) November 20, 2018 Is it Still Profitable to Mine BTC? The average cost of mining one Bitcoin has been estimated to be between $6,000 and $7,000 depending on the cost of power at the site of the activity. Looking at the value of BTC at $4,500, it is evident that Bitcoin miners are operating at a loss. Operating at a loss can be maintained for a while if the mining activities is being carried out en masse. Large Bitcoin farms have probably put in place contingency measures to cater for times like this. But when it comes to individual smaller miners, shutting down their rigs is a logical thing to do in the current market environment. BTC Miners Picking Sides in the Bitcoin Cash Hash Wars Some miners have however decided to switch their hash to Bitcoin Cash in a bid to accelerate the end of the ongoing battle between the ABC camp and the SV. BTC.top is one such crypto mining firm that has begun mining Bitcoin Cash in support of BCHABC. The firm’s CEO, Juang Zhuoer announced the move to mine BCH early Saturday morning via a tweet that stated the following. According to the promise https://www.weibo.com/ttarticle/p/show?id=2309404307475661774452 ... and respect the result of hash war, http://BTC.TOP have move hash to ABC chain to support BCH and end chaos What are your thoughts on the declining hash rate on the Bitcoin network? 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 Bitcoin Hash Rate Declines to August Levels as Some BTC Miners Consider Shutting Down appeared first on Ethereum World News.

7 hours ago

TRON [TRX] Now Available on the Huobi Wallet

Monday’s disappointing crypto markets have sent the prices of TRX down by over 16 percent in just 24 hours. However, on the adoption side, the token is making great strides. Today, Huobi Wallet announced via twitter that they are officially supporting TRON [TRX]. Tron’s popular founder Justin Sun quickly retweeted the announcement adding his appreciation for the support. Huobi’s professional, multi-chain wallet currently supports over 1000 types of digital currencies. Huobi Makes the Announcement On Monday, Huobi Wallet announced on its Twitter page: “Huobi Wallet is officially supporting TRX. Download Huobi Wallet from http://bit.ly/2QUCNhZ . The bounty program is on the way. Please follow @HuobiWallet for the latest update. @Tronfoundation @justinsuntron @HuobiGlobal.” The tweet was quoted by Justin Sun who wrote: “Thanks for the support to #TRON. #TRX $TRX” The full details of the bounty program announced have not been revealed yet, but the latest updates are expected to be announced via the @HuobiWallet twitter handle. Huobi is a multicurrency wallet that currently supports BTC, ETH, EOS, BCH, ETC, LTC, and all ERC20 tokens. Huobi Wallet provides professional Digital Asset Management services and has patents in security isolation and data encryption. Industry Heavyweights, Huobi and Tron Huobi Group and Tron are both well-established players in the crypto industry. Tron has grown to become the 11th largest cryptocurrency in the world, processing record amounts of transactions on their network. Huobi Group runs one of the world’s largest cryptocurrency exchange as well as having a full ecosystem of blockchain services including mining pools, a venture capital arm, and an incubator. The announcement today could further cement their positions as industry leaders and increase adoption of both the Huobi Wallet and TRX token. TRON [TRX] Now Available on the Huobi Wallet was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 hours ago

“At least, Not Yet” TransferWise Chairman Says Ripple Still Far From Adoption

Rapid blockchain transactions are no exception. While blockchain has seen as the center-stage globally including companies like Alibaba Group Holding, IBM, Mastercards, it has also been criticized by one of the London based startups, TransferWise. Blockchain Looks Great on Paper But Not in Reality The debate on Fortune’s latest episode “Balancing the Ledger” brings Taavet Hinrikus, co-founder and chairman of TransferWise on stage where he highlights; “We’ve heard this dream many times from different people. However if you start digging into it, you realize that it may look great on paper, but in reality, to make use of it, it’s really hard,” Moreover, he pointed blockchain technology is not cheaper and faster. He went on to say; “We’ve looked at different blockchain technologies, but yet we haven’t found anything which enables us to do what we do in a way that is cheaper or faster.” TrasnferWise is a global money transfer service provider with the support of almost 300 currency routes to provide multi-currency account service. The firm works on transferring money across 70 plus countries and claimed that blockchain technology hasn’t gone mainstream adoption. It states that, besides the existence of blockchain since a decade, Fintech are finding new and more economical ways to transfer funds. TransferWise Money Transfer and Ripple Hinrikus shared his opinion of transferring money from Australia to the U.K through TransferWise which has completed within 15 seconds with transfer fee 1%. Furthermore, he said that it would cost more and likely take additional days if the same transactions happened via bank. Besides, it compares Ripple cross-border payment solution with TransferWise’s present service and claimed that the former has not seen “a better proposition”. Hinrikus says that; “If every bank in the world was going through the Ripple network, it would be amazing. Yet how many banks are using Ripple today in production? It’s a very short list. He adds that “In that sense, we’re big supporters of Ripple or anything else...and if any of these gets enough adoption, and it actually materially helps us do things cheaper and faster, we’d love to, but so far we haven’t found one.” Since the invention of Bitcoin, the bullish and bearish run is a more like a phenomenon but its underlying technology is hitting the use cases of major market players. Blockchain Technology has become the revolution of records but not in the case of TransferWise. Do you think this contradiction by TransferWise is merely a statement or stand on hypercritical facts? Let’s discuss The post “At least, Not Yet” TransferWise Chairman Says Ripple Still Far From Adoption appeared first on Coingape.

9 hours ago

Analyst: Too Early to Write Off Bitcoin, SEC Had Negligible Effect on Crypto Markets

As Bitcoin (BTC) fell further on Monday, finding itself under $5,000 in a first for 2018, industry savants quickly took to crypto’s side, in spite of the growing bearish sentiment. Surprisingly, a crypto-friendly partner at Washington, D.C.-based Anderson Kill, a centralized law organization, rushed to Bitcoin’s aid faster than many could utter “HODL.” SEC’s ICO Verdict Isn’t Bearish, Far From In Fact The Anderson Kill partner in question is Stephen Palley, who recently appeared on Bloomberg TV interview to lend his insight and tout his advocacy for cryptocurrencies. The Bloomberg host, touching on the U.S. Securities and Exchange Commission’s recent crackdown on Airfox and Paragon, asked Palley, a lawyer by trade, about the overarching “message” that the regulator was sending via its heavy-handed verdict. Related Reading: SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations Surprisingly, contradicting popular sentiment, Palley noted that the SEC “isn’t in business” of sending foreboding messages, especially when is enforcing laws and/or sending cease and desist orders. Instead, as made apparent by the SEC’s infamous DAO report and “Munchee” filing, the lawyer noted that the governmental agency is openly acknowledging that blockchain technologies are “nifty,” while seeking to make moves in its jurisdiction. And, as discussed by the Anderson Kill partner, this logic carries over to Airfox and Paragon, two ICO-funded crypto startups mandated to pay $250,000 in fines and refund investors affected by its illegal sale of securities. He elaborated: “What the SEC said [in the verdict] was common sense. Just because its newfangled technology doesn’t mean that these very established securities laws don’t apply... in a statement, the SEC, concurrent with the two verdicts, explained that the technology is ‘cool’ and they’re in favor of innovation, but don’t forget to obey the law.” Contradicting reports and rumors, Palley, wrapping up his comments on the matter, explained that latest crypto drawdown, which cut $40 billion off the aggregate cryptocurrency market capitalization, isn’t correlated with the SEC’s move against ICOs. Likely referencing ICORating’s recent report regarding the relative collapse of token sales, the host queried the lawyer about the disappearance of this formerly-booming cryptocurrency subset. Responding as a lawyer would, Palley noted that startup’s looking to raise capital, while skirting securities laws via token sales, are essentially writing dead letters. But, the Anderson Kill lawyer noted that the ICO model is far from dead in the water, or at least outside of the U.S. that is. “I Would Not Write Off Bitcoin Or Ethereum” Carrying this logic over to native cryptocurrencies, digital assets that aren’t created on the back of sales, Palley pointed out that he would be remiss to write off Bitcoin or Ethereum, adding that the technology itself is revolutionary. Even cutting out some time to talk prices, the cryptocurrency proponent noted that while the wallets of late-2017 entrants are likely hurting, from a long-term investment standpoint, BTC isn’t something to be cast to the wayside. Interestingly, this sentiment lines up with the results of a recent poll conducted by Ron Paul, a now-retired U.S. politician that has a penchant for pushing the envelope. The poll, which asked a simple, but thought-provoking question — If a wealthy person gifts you $10,000 for a 10-year investment, would you allocate the gift into Federal Reserve Notes, Gold, BTC, or US 10-yr Treasury Bonds? — quickly garnered thousands of votes. To the chagrin of traditionalists, 50% of respondents indicated that they would allocate their gift into BTC, while only 11% and 2% would throw the $10,000 at U.S. 10-year bonds and Federal Reserve notes respectively. Paul’s tweet undoubtedly underscores the sentiment that crypto is here to stay, despite the short-term price nuances. Featured Image from Shutterstock The post Analyst: Too Early to Write Off Bitcoin, SEC Had Negligible Effect on Crypto Markets appeared first on NewsBTC.

9 hours ago

Going Once, Going Twice... Christie’s Art Auction Recorded on Artory Blockchain

Auction house Christie’s has sold a record 42 different pieces of art on the blockchain for a whopping $317.8 million. Information regarding the auction was recorded on a private Ethereum-based blockchain managed by the software company Artory. It’s the first time an art auction of this price level has been recorded on the blockchain. Getting All the Details A press release for Christie’s details the kind of art that was sold. It states: On an historic night for American art, ‘An American Place: The Barney A. Ebsworth Collection Evening Sale’ at Christie’s in New York realized $317,801,250. Thirteen artist auction records were set and two records by medium, including that for the most expensive work of pre-war American art with Edward Hopper’s ‘Chop Suey,’ which sold for $91,875,000 (including buyer’s premium). The greatest privately-owned collection of American Modernist art ever to come to market produced deep bidding, as Ebsworth’s laser-like focus on buying only the best was reflected in the competition for museum-quality works by artists of the caliber of Hopper, Georgia O’Keeffe, Charles Demuth, Joseph Stella, Charles Sheeler, Willem de Kooning and Jackson Pollock. Which Artists Were Popular? Bidders from roughly 23 different countries came to place their bets on the available art pieces. Other notable works that sold for big bucks included Pollock’s “Composition with Red Strokes,” which went for a whopping $55.4 million on its own. Artory runs what it calls “The Registry,” a distributed ledger system that records notable events and circumstances pertaining to modern art. Data such as item titles, descriptions, auction dates and final prices are encrypted and stored on the system. The identities of art owners and buyers are kept anonymous, and individuals are given secure digital records of their artwork’s history. Each sale generates a new art certificate to boost confidence in the growth of the market. Keeping the Momentum Going Last Thursday, an additional 49 more works from the Ebsworth collection were put up for auction. This sale was also recorded into the Artory blockchain. Christie’s mentioned that the auction season has thus far garnered funds exceeding $650 million. Commenting on the use of blockchain technology, the press release states: The sale also marked the first time an art auction at this price level has been recorded on a blockchain via a secure digital registry administered by Artory, a leading art-centric technology provider. The introduction of this technology for the sale of the Barney A. Ebsworth Collection continues Christie’s legacy of leading the industry by introducing innovations in the context of major collections for the ultimate benefit of our clients. Could the blockchain assist art-related ventures in other ways? Post your thoughts below. Images courtesy of ShutterStock The post Going Once, Going Twice... Christie’s Art Auction Recorded on Artory Blockchain appeared first on Live Bitcoin News.

9 hours ago

Can XRP Defeat Bitcoin? Ran NeuNer Says He Regrets Throwing ‘XRP in the Garbage’

Ran NeuNer of CNBC has a lot to say during this bearish period. Precisely concerning his bear market decisions which the highly pronounced cryptocurrency trader has now termed “bad calls”. NeuNer noted via Twitter, that he made quite a ton of irreversible decisions, but none was as bad as his take on what would become of Ripple. “Garbage”, NeuNer thought, but not anymore. “I’ve made a lot of REALLY bad calls in the bear market but none as bad as the day I said that I would throw XRP in the garbage!” - Ran NeuNer. Apparently, the trader is now a top advocate for Ripple. Yesterday, NeuNer took to Twitter to share a screenshot of the cryptocurrency price movement. As of then, Bitcoin had lost 9.07% and was trading at a price if $5,107.93, with a market capitalization of $88.80 billion, while Ripple which had balanced at the second point had only recorded a loss 4.36%, with a trading price of $0.491632 and a marketcap of $19.83 billion. A preceding tweet backing the screenshot has NeuNer saying “At this rate, XRP will be in the number 1 spot by Friday”. During the hash war, NeuNer had highlighted the effects of its results and urged crypto users to dump Bitcoin and Bitcoin Cash, and stay fully invested in Ripple. A little too quick to ditch Bitcoin? When NeuNer tweeted, just an hour ago, posting yet another screenshot that he interpreted as Ripple’s refusal to partake in the latest crypto market sell-off, a disappointed user commented “But you have”, hinting back at the fact that NeuNer had been a staunch Bitcoin supporter only seven days back. In fact, NeuNer had predicted a bull run for Bitcoin to round up the year at $50,000, a belief which he no longer stands by. Another user also recounted another one of NeuNer’s predictions where he declared that the Ethereum would overtake Bitcoin in value by November, “I said a lot of things in the bull market. I think everyone did!” NeuNer concluded in justification. The post Can XRP Defeat Bitcoin? Ran NeuNer Says He Regrets Throwing ‘XRP in the Garbage’ appeared first on ZyCrypto.

9 hours ago

Block 30 Labs Launches New Index for Crypto Trading Markets

BLOCK 30 Labs announced on Friday that they are introducing a new index for the digital trading markets. The new index, called the BLOCK 30 index, is one of the pioneering US indices that helps investors to track multiple factors in the market beyond Bitcoin. These factors include sector weighting, index committee, trading volume, asset price, market cap, and market sentiment. New Index to Be Launched With Other Tools The BLOCK 30 index will be issued with other thematic sector indexes including BLOCK 5, BLOCK 100, BLOCK 500, BLOCK 2000, BLOCK Finance, BLOCK Energy, BLOCK Transports, BLOCK Logistics, and BLOCK ASIA, along with a comprehensive TV media ticker. Brian McLaren Foote, the founder of BLOCK 30 Labs, commented on the launch of the index, saying: “We studied the historical indexes of the past - many of which are still in use today - took that learning and applied some new innovations for the digital trading markets. Digital trading is less than 10 years old, and the early parallels to the Dow and the S+P 500 are eye-opening.” Why Is the Index Necessary? According to Ryan Ballantyne, Sr. Vice President of Reality Shares ETFs, hundreds of blockchain projects will go public in 2019 via their Security Token Offerings (STOs). In an environment like this, the investors will need a sophisticated index that tracks the most important global markets and provides thematic sector coverage. The index will also be crucial in investor protection, providing them with a more comprehensive view of the market. He also said that the original 12 stocks on Dow concentrated mostly on cotton and railroads, two sectors that do not feature in the Dow 30. He noted that there is a need for an index that can reflexively track the growth of a new trading market, saying that the BLOCK 30 Index solves that problem for the next 1 or 2 decades, as the market would need coverage beyond Bitcoin. Jared Tate, Digibyte Founder, also commented on the index, saying: “There has been so much confusion on how to accurately measure the broader performance of this new asset class. BLOCK 30 is a major step forward towards getting an accurate gauge on the overall health of the market.” Block 30 Labs Launches New Index for Crypto Trading Markets was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

9 hours ago

Roel Wolfert: ‘Cryptocurrency Will Just Be a Normal Part of Life’ [Interview]

Bitcoinist recently caught up with Roel Wolfert, co-founder of WHIRL, a socially driven crowdfunding platform built on the blockchain. Roel Wolfert is an expert in digital payments and serves as the COO at Transtrack International, which provides software to banks, governments, and organizations to manage their cash supply chain. Wolfert is also an advisor to the Bancor Foundation, which manages the largest decentralized liquidity network in the world, BeamWallet, the UAE’s largest mobile wallet, and Genexi, a biochain blockchain startup. Furthermore, he is Senior Vice President Consulting & Analytics services at Visa Europe. Wolfert is actively involved in tech mentoring and diversity initiatives — so we decided to pick his brain on WHIRL and the future of the blockchain and cryptocurrency markets. Bitcoinist: WHIRL is a socially driven, pay-it-forward crowdfunding platform that’s built on the blockchain. What differentiates WHIRL from other crowdfunding platforms? Several factors. Firstly, you only get to launch a campaign if you have already contributed to others. The number you have supported and the funds you have pledged increase your Karma, which makes you eligible to start a campaign of your own. So you know that anyone who asks for funding has already ‘paid their dues’ upfront. Secondly, there’s only a limited number of campaigns that are active at any given time. That means there’s limited competition for supporters’ funds, rather than the normal situation where a large number of campaigns compete for the same pool of money - frequently meaning that none are adequately backed. Add to this the fact we’re a crypto-based platform that operates across the world, the dramatically lower fees our users enjoy compared to those of conventional platforms like Kickstarter (fees from the platform itself, payment processor and withdrawals, taxes etc can easily total 20% of the money raised), and the large number of cryptocurrencies we accept, and that makes WHIRL absolutely unique and a very powerful proposition. Bitcoinist: WHIRL brings the entire community’s attention on only a few active campaigns at once. Does this mean that the WHIRL platform isn’t decentralized? Who determines which campaigns are focused on? Campaigns go into a transparent queue, based on the order in which they are submitted. Only community members who have enough Karma - i.e., who have supported enough campaigns in the past - can launch their own project. So the process is very straightforward, programmatic even. There isn’t a way to game it, since you have to prove your ‘worth’ by backing other campaigns before you start your own. Ultimately this makes WHIRL very different, both in terms of the dynamics of the platform but, more importantly, the kind of community and ethos we are seeking to cultivate. Bitcoinist: By using blockchain technology, we may assume that all crowdfunding on the platform is transparent and accounted for? Who moderates everything? We do have a moderation process that is intended to filter out projects that would be illegal in many jurisdictions, or otherwise problematic in some way - for example, we don’t allow members to launch drug or adult-themed campaigns, or those with a political or religious goal. But other than that, eligible projects go straight into the transparent queue, so everyone knows where they stand and which campaigns are coming up next for funding. Bitcoinist: Which cryptocurrencies does WHIRL support for crowdfunding campaigns? Do you have plans to add more in the future? If so, which ones? We currently support 12 cryptocurrencies: ADA, BCH, BTC, DASH, EOS, ETH, KICK, LTC, USDT, XRP, XML, and WRL (our own WHIRL token). This alone sets us apart from other crypto crowdfunding platforms, and integrating this many currencies is a testament to our developers’ talent and experience. We’re looking to add more soon, and we’ll also be including fiat deposits as soon as possible. Bitcoinist: Tell us how the WRL token fits into the platform. What is the benefit for WRL investors or holders? What’s the difference between WRL and Karma points? Karma is an internal scoring mechanism. It’s not a currency: you can’t transfer or exchange it. It’s tied inextricably to your user account, and you earn more of it when you back a campaign based on the dollar value of your contribution and other factors. WRL is a crypto token, initially hosted on Ethereum but with the intention that we’ll move to EOS in due course. As our internal token, contributions made with WRL will be worth more in terms of Karma than other currencies - you’ll get a ‘WRL premium’ on your Karma score. As a result, we expect greater liquidity and velocity for WRL, and our most active platform users will probably use WRL exclusively or predominantly. For investors, WRL will be in demand as that desirable currency. Additionally, we will be taking a small fee in WRL for each campaign, and some or all of those tokens will be burned - decreasing

9 hours ago

OKEX Denies Guilty in the BCH Futures Issue: Customers’ Lousy Management Led to Losses

TL;DR Due to BCH hard fork and following hash wars, numerous investors experienced significant losses, with a lot of them blaming cryptocurrency exchange OKEX for it. The exchange was accused of an attempt at market manipulation by ending BCH futures contracts trading early and suddenly, while the prices were damaging to investors. OKEX denied these allegations, explaining its acts and methods, and claiming that it acted the way it did to protect the market and customers’ interests. Furthermore, OKEX considers legal actions for hurting its reputation. Recent events regarding the Bitcoin ecosystem has brought a lot of changes that affected the entire crypto space. Numerous coins lost a lot of their value, and the community is looking for someone to blame. On November 14th, just one day before the BCH hard fork, OKEX announced that BCH futures would stop trading “at 9:05 am and be delivered at 10:00 am Nov 14, 2018, CET (UTC +1)” because of an upcoming hard fork. However, during the same day, they also announced the decision to use the last traded prices as delivery prices, since it was not possible to compose an index for delivery. The exchange was directly accused of making market manipulations via Medium post written by an entity known as AMBER AI, a global electronic trading corporate. Several media outlets reported on this and similar accusations against OKEX, stating that the exchange is blamed for causing losses via settling the BCH futures contracts without prior warning. The decision to do so apparently negatively affected multiple investors, since the contracts were closed at a level that did not reflect proper market prices. OKEX Response: Amber is HK based while OKEX is banned in HK When asked by CryptoPotato editor, OKEX denies any attempt to make market manipulations or purposeful wrongdoing. Instead, OKEX declares that “the exchange has no institutional client profile going by the name of Amber AI, which is supposedly a Hong Kong-based firm.” OKEX also claims that they serve no customers in Hong Kong and this is according to the local laws. As for the Amber AI account mentioned in the Medium post, this is classified as an individual account belonging to a person that is not a resident of Hong-Kong. In regards to allegations of the early settlement of BCH futures contracts, OKEX stated that “the decision to do so was implemented due to market integrity and concern regarding customer interests.” Furthermore, they quoted the clause 2.5 of their Futures Trading User Agreement, which states that the exchange may postpone or early settlement and delivery of futures contracts in case of market anomalies occurring prior or after settlement and delivery. Considering the likely effects that BCH hard fork was expected to have on the market, OKEX decided to deliver all BCH futures contracts in advance, solely to protect the customers and the markets. As for the settlement price, it is usually constructed based on the spot index, which was impossible to create due to the fact that other BCH index constituents (Coinbase and Binance in addition to OKEX itself) already paused trading. Under these circumstances, the exchange made a decision which they believed to be the best option. OKEX considers legal actions against Amber AI Therefore, all allegations of manipulating the market made by Amber AI are classified as false by OKEX itself, and the exchange will continue to view them as such due to the absence of any evidence that would prove otherwise. However, because such accusations are false, and have damaged the exchange’s reputation, OKEX reserves the right to take legal actions against Amber AI for interfering in their business. OKEX concluded the response by claiming that Amber AI experienced losses due to their lousy management plan, which is not the exchange’s fault. They argue that the majority of their users supported the decision regarding the BCH futures contracts. The post OKEX Denies Guilty in the BCH Futures Issue: Customers’ Lousy Management Led to Losses appeared first on CryptoPotato.

11 hours ago

Blockchain Headed for the PS4 with New Title ‘Plague Hunters’

A major step forward in the blockchain gaming industry has been taken with the PlayStation 4’s release of “Plague Hunters.” Boosting Video Game Technology Arcade Distillery - the company behind the game’s development - has established several titles for the PS Vita, PS4, Xbox One, and Nintendo Switch systems. Representatives of the company say that the game has been built via the Ethereum (ETH) blockchain. Per the game’s description on the Arcade Distillery website, “Plague Hunters” is a single-player role-playing game (RPG) with some PvP elements. The game is also a sequel to the highly successful “Plague Road” released in May of last year. What Can Players Look Forward To? The website reads: Build your army of hunters. Train them and prepare them for battle. Trade your hunters on the blockchain-based marketplace with other players. “Plague Hunters” will be free to play and will feature a marketplace for peer-to-peer (P2P) transactions. The game has passed the Sony review process with flying colors and satisfies all of PlayStation’s present terms and conditions regardless of its varied blockchain elements. It is the first blockchain game to garner such approval. Like other blockchain-based games, the assets in “Plague Hunters,” including weapons, outfits and other items, can be purchased with non-fungible tokens (NFTs). The game is slated for release in quarter one of 2019, and the PC and Nintendo Switch versions are currently in development. The company has also stated that it is examining the possibilities of both mobile and Xbox One releases. Blockchain and Gaming - The Perfect Partnership Other examples of blockchain-based games we’ve witnessed in recent months include “Gods Unchained,” which is set to begin its beta phase in the coming weeks. The game had been hit with several scalability issues since the early days of its development, which prevented the game from functioning appropriately while directly on the blockchain and thus delaying its release. In addition, we’ve also witnessed the rise of “Hash Rush,” a game built on the Ethereum blockchain that uses on-chain transactions and the NFT model for exchanging in-game assets while gameplay is processed off-chain. The game’s developer Mythical Games has now garnered a further $16 million in Series A funding to build a user-generated content game on the competing EOS blockchain. EOS is labeled the fifth-largest cryptocurrency in the world by market cap. Recently, ConsenSys and Ubisoft - the developer behind the popular “Assassin’s Creed” and “Far Cry” titles - joined hands to form what’s known as the Blockchain Game Alliance to boost the presence of blockchain in future game titles. Does “Plague Hunters” sound like something you’d try? Why or why not? Post your comments below. Image courtesy of ShutterStock The post Blockchain Headed for the PS4 with New Title ‘Plague Hunters’ appeared first on Live Bitcoin News.

12 hours ago

Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00

Key Highlights Ethereum classic price tumbled recently below the $7.00 and $6.00 supports against the US dollar. There is a short term bearish trend line formed with resistance at $6.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to extend the current decline towards the $5.20 and $5.00 support levels. Ethereum classic price fell significantly against the US Dollar and Bitcoin. ETC/USD could continue to move down below $5.50 to test $5.00. Ethereum Classic Price Analysis After dropping to the $7.00 level, ETC price started a short term consolidation against the US dollar. The ETC/USD pair corrected a few points above $7.20, but it failed to gain traction. The price was rejected near the $7.50 level and the 100 hourly simple moving average. As a result, there was a sharp decline and the price traded below the $7.00 and $6.90 support levels. It traded as low as $5.92 before correcting once again. It tested the 23.6% Fib retracement level of the recent drop from the $7.56 high to $5.92 low. However, upsides were capped once again near $6.30 and the price declined. It broke the $5.92 low and traded to a new yearly low. The current price action is super bearish below $6.00 and it seems like the price could accelerate below the $5.80 and $5.50 levels in the near term. On the upside, there is decent resistance formed near $5.90. Moreover, there is a short term bearish trend line formed with resistance at $6.00 on the hourly chart of the ETC/USD pair. The chart suggests that ETC price remains at a risk of a downside extension below $5.50. If sellers remain in action, the next stop for them could be $5.20 or even $5.00. On the upside, resistances are at $6.00 and $6.75. Hourly MACD - The MACD for ETC/USD is about to move back in the bearish zone. Hourly RSI - The RSI for ETC/USD is well below the 30 level. Major Support Level - $5.50 Major Resistance Level - $6.00 The post Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00 appeared first on NewsBTC.

12 hours ago

Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

Key Highlights ETH price failed to recover and declined below the $150 level declined against the US Dollar. There is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded to multi month low and it could continue to move down below $140. Ethereum price fell sharply against the US Dollar and bitcoin. ETH/USD broke the $150 support and it is currently consolidating losses. Ethereum Price Analysis Yesterday, we saw a major decline below $175 in ETH price against the US Dollar. The ETH/USD pair broke the $179 and $175 support levels to start a fresh decline. Later, bitcoin price declined heavily and broke the $5,000 support. It increased bearish pressure on ETH and pushed it below the $165 and $160 support levels. More importantly, there was a break below $150 and the price settled below 100 hourly simple moving average. A new multi month low was formed at $142 and later the price started consolidating losses. It recovered a few points above the $145, but there are many hurdles on the upside. An initial resistance is the 23.6% Fib retracement level of the recent decline from the $179 high to $142 low. Moreover, there is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD. If there is a break above the $150 and $151 level, the price could correct towards $160. It represents the 50% Fib retracement level of the recent decline from the $179 high to $142 low. Looking at the chart, ETH price is trading in a nasty downtrend and it could decline further below the $142 low. The next major support is near $140, below which the price could trade to $125. Hourly MACD - The MACD is slowly moving back in the bullish zone. Hourly RSI - The RSI is currently attempting a recovery from the oversold area. Major Support Level - $140 Major Resistance Level - $160 The post Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support appeared first on NewsBTC.

14 hours ago

Blockchain Headed for the PS4 with New Title “Plague Hunters”

A major step forward in the blockchain gaming industry has been taken with the PlayStation 4’s release of “Plague Hunters.” Boosting Video Game Technology Arcade Distillery - the company behind the game’s development - has established several titles for the PS Vita, PS4, Xbox One, and Nintendo Switch systems. Representatives of the company say that the game has been built via the Ethereum (ETH) blockchain. Per the game’s description on the Arcade Distillery website, “Plague Hunters” is a single-player role-playing game (RPG) with some PvP elements. The game is also a sequel to the highly successful “Plague Road” released in May of last year. What Can Players Look Forward To? The website reads: Build your army of hunters. Train them and prepare them for battle. Trade your hunters on the blockchain-based marketplace with other players. “Plague Hunters” will be free to play and will feature a marketplace for peer-to-peer (P2P) transactions. The game has passed the Sony review process with flying colors and satisfies all of PlayStation’s present terms and conditions regardless of its varied blockchain elements. It is the first blockchain game to garner such approval. Like other blockchain-based games, the assets in “Plague Hunters,” including weapons, outfits and other items, can be purchased with non-fungible tokens (NFTs). The game is slated for release in quarter one of 2019, and the PC and Nintendo Switch versions are currently in development. The company has also stated that it is examining the possibilities of both mobile and Xbox One releases. Blockchain and Gaming - The Perfect Partnership Other examples of blockchain-based games we’ve witnessed in recent months include “Gods Unchained,” which is set to begin its beta phase in the coming weeks. The game had been hit with several scalability issues since the early days of its development, which prevented the game from functioning appropriately while directly on the blockchain and thus delaying its release. In addition, we’ve also witnessed the rise of “Hash Rush,” a game built on the Ethereum blockchain that uses on-chain transactions and the NFT model for exchanging in-game assets while gameplay is processed off-chain. The game’s developer Mythical Games has now garnered a further $16 million in Series A funding to build a user-generated content game on the competing EOS blockchain. EOS is labeled the fifth-largest cryptocurrency in the world by market cap. Recently, ConsenSys and Ubisoft - the developer behind the popular “Assassin’s Creed” and “Far Cry” titles - joined hands to form what’s known as the Blockchain Game Alliance to boost the presence of blockchain in future game titles. Does “Plague Hunters” sound like something you’d try? Why or why not? Post your comments below. Image courtesy of ShutterStock The post Blockchain Headed for the PS4 with New Title “Plague Hunters” appeared first on Live Bitcoin News.

15 hours ago

Analyst “Incredibly Bearish” On Bitcoin (BTC), $1,000 Possible

Regulators Will “Undoubtedly Burst Bitcoin, Crypto’s Balloon” After a multi-day bout of non-action, which followed Bitcoin (BTC)’s unexpected foray under $5,800 to establish a new year-to-date low, BTC and its altcoin brethren continued to sell-off into Monday. In a matter of hours, trading volume ramped up (yet again), with crypto investors rushing en-masse to liquidate their holdings. This, as you are likely aware of, catalyzed a further move lower, sending BTC under $5,000 in a frenzied move lower, even though short-term trend indicators pointed to the fact that the asset was drastically oversold. As it stands, bitcoin currently goes for $4,930 a pop, resulting in a market capitalization of $85 billion, a far cry from December 2017’s peak. Since the asset’s most recent collapse on Monday morning, the market has slowed, with BTC finding a home around a tad above $4,800, one of the crypto market’s strongest levels of support in the eyes of optimists. Stephen Innes, head of Asia Pacific trading at Oanda, told MarketWatch: The digital token fell as much as 6.3% to $5,202, having plunged through a critical resistance level Wednesday after a period of relative tranquility. Although some pointed to Bitcoin Cash’s hard fork and the controversy surrounding this contentious event as the sell-offs’ sole catalyst, not-so convinced investors chalked up Bitcoin’s collapse to a number of other factors — an institutional liquidation, the collapse of ICOs, and a simple breakout after week’s of “stablecoin zone.” However, while all these purported catalysts have their merits, some begged to differ, including Innes, the aforementioned Oanda trader. Discussing the matter with MarketWatch’s Aaron Hankin, the capital market trader noted that he “remains incredibly bearish on BTC,” explaining that the $1,000 price level is a possibility, a mere 50% off of BitMEX CEO’s $2,000 call. Acknowledging his bias slightly, Innes went on to explain that he is coming from a longstanding and “unwavering” view that regulators, centralized authorities, and traditionalist bankers will undoubtedly want to push back against digital assets. But, the fact of the matter is that centralized entities are scared, simply put. They’re scared of the power that cryptocurrencies and blockchain technologies bestow on consumers, and they’re worried about the rise of decentralized money. Still, failing to recognize this, the Oanda trader then noted that regulation will “undoubtedly burst crypto’s balloon, as the $5,000 cliff edge is approaching, [and] fast.” Speaking with Bloomberg, Justin Litchfield, chief technology officer of ProChain Capital, echoed this sentiment surrounding crypto-related regulation and push-back. Litchfield, commenting in the context of crypto’s most recent drawdown, explained: The sell-off is related to enforcement, which is almost certainly underway, Projects are being made to return investor money, which, after having spent a ton of money marketing their $100 million ICO on a lavish party-filled road-show that was the norm for this vintage of ICOs, will be tough. The industry insider is presumably touching on the SEC’s involvement with Aircoin (Airfox) and Paragon, which, as reported by Ethereum World News, turned out badly for the two crypto startups. More specifically, the two firms were required to pay hundreds of thousands of dollars worth of fines, before agreeing to compensate investors affected by their illegal token sales (ICOs). Although the SEC’s move against two startups is far from an industry-wide crackdown, many fear that this is just the beginning of the end for ICOs, which arguably catalyzed a majority of 2017’s crypto boom. Title Image Courtesy of Marco Verch Via Flickr The post Analyst “Incredibly Bearish” On Bitcoin (BTC), $1,000 Possible appeared first on Ethereum World News.

16 hours ago

Unfazed: XRP Continues To Outperform Bitcoin, XRP/BTC Up 11%

XRP Gets A Leg Up On Ethereum, Continues To Outperform As reported by Ethereum World News on Sunday, amid bearish market conditions, with Bitcoin (BTC) continuing to show signs of weakness, XRP, along with its estranged cousin Stellar Lumens (XLM), suddenly began to outperform BTC. More specifically, as Bitcoin fumbled around at $5,600, Ripple’s go-to digital asset began its own mini-bull run, quickly posting gains via its USD and BTC pairs. Eventually, after a contained surge, catalyzed by an influx of buying pressure and positive community sentiment, XRP recovered fully from Wednesday’s initial sell-off, which saw the asset’s market capitalization surprisingly surpass that of Ethereum (ETH). Regardless, many were still fazed by the fact that the aggregate cryptocurrency market capitalization took a $20 billion haircut. And as Monday struck, XRP proponents feared the worst, as BTC fell under $5,000 for the first time in 2018 — far from a bullish sign, that’s for sure. However, to the chagrin of XRP’s critics, the asset somehow held, against all the odds and dismal signs, like the fears of centralization and overbought technical indicators. At the time of writing, Ripple’s cryptocurrency of choice has posted a slight loss of 0.92% — which is almost negligible considering that the Ether, Litecoin, and its neighbors on the cryptocurrency standings lost upwards of 15%. Bitcoin, for one, fell 12.11% in the past 24 hours, with XRP outperforming its essential ‘godfather’ by 11%, which is nearly unheard of, even in 2017’s jaw-dropping bull run. Keeping this stellar performance in mind, some have feared that Ethereum’s hegemony as the second-most capitalized crypto asset has come to an end... and for good. Because as it stands, in a move that many didn’t see coming, XRP has taken a near-insurmountable $4.3 billion lead in its race with Ether. At the time of press, Ripple’s flagship asset goes for $0.494 a pop, a few cents shy from its weekly high. “Flippening” Talk Erupts, But Not Everyone Is Convinced Per our previous reports, once the market capitalization of XRP surpassed Ether’s, some of the former project’s adamant supporters took to Twitter to exclaim that Bitcoin should lock its doors and shutter its blinds, as it were. A user by the moniker of “FirePower” even tweeted a meme-of-sorts, which displays the Grim Reaper knocking on the door of Bitcoin after massacring Ether, Litecoin, Stellar Lumens. It's coming!!! #xrp #xrpthestandard #ripple #xrpcommunity #XRPcommunity pic.twitter.com/Xajuqn3Qyv — FirePower (@FirePowerFP) November 17, 2018 Ran NeuNer of CNBC Fast Money even tripled-down on his pro-Ripple comments, taking to his dedicated, but a somewhat skeptical following of 92,000 to claim that “at this rate, XRP will be in the number one spot by Friday,” evidently referencing the non-stop “flippening talk.” Mati Greenspan, eToro’s in-house crypto savant, also took to Twitter to discuss XRP’s rising dominance, touching on the social factor of the cryptocurrency, which is one of the industry’s strongest, to say the least. Yes, $XRP is winning social and this graph from @coindesk proves it!! pic.twitter.com/mP8WKs0gtd — Mati Greenspan (@MatiGreenspan) November 19, 2018 However, some took this “flippening” discussion as nothing more than a joke, with a number of prominent crypto analysts/investors poking fun at the Ripple community through a series of tweets. Moon Overlord, a crypto trader and commentator, joked that he “unironically thinks” that XRP could flip BTC. BitLord echoed Moon’s penchant for trolling, explaining that as Ripple’s go-to token could flip BTC in 2019, then touching on the “#XRPTheStandard” meme/joke that has circulated around crypto-related social media channels in recent years. Regardless, it has only become even more apparent that talk surrounding this subject isn’t slated to dissipate anytime soon, that’s for sure. Title Image Courtesy of Marco Verch via Flickr The post Unfazed: XRP Continues To Outperform Bitcoin, XRP/BTC Up 11% appeared first on Ethereum World News.

17 hours ago

Arthur Hayes’ $5,000 Bitcoin (BTC) Prediction Comes True

Bitcoin (BTC) Hits $5,000 After Sell-Off, BitMEX CEO’s Prophecy Fulfilled In July, as reported by Ethereum World News, Arthur Hayes, the famed chief executive at Hong Kong-based BitMEX, unexpectedly predicted that Bitcoin (BTC) didn’t bottom at $5,800, even while the crypto market’s leading analysts begged to differ. At the time, Hayes, a former Citibank and Deutsche Bank trader/analyst, claimed that “I think we’ve haven’t seen the worst yet,” before adding that BTC was likely to test $5,000 before truly bottoming. Now, after nearly a week of tumultuous price action, which began on Wednesday morning, BTC has fallen under $5,000 for the first time in 2018. #Bitcoin is officially under $5k on Coinbase... pic.twitter.com/MyT75TEWlL — Nye The Crypto Guy (@CryptoShillNye) November 19, 2018 This move under $5,000, which was catalyzed by an influx of selling pressure, took many traders aback, as many expected for BTC to hold and find a home at $5,600 after Wednesday’s initial sell-off. The sell-off, as you are likely aware of, decimated over $20 billion worth of value in the cryptocurrency market at large. So, interestingly, with this continued downtrend and growing levels of bearish sentiment, Hayes’ bearish prediction has unfortunately been fulfilled. Hasn’t Bottomed Yet? However, in a recent installment of BitMEX’s Crypto Trader Digest, a newsletter focused on crypto market happenings, Hayes, along with BitMEX’s in-house analyst team, called for bitcoin to capitulate lower, due to a number of historical trends. This call, interestingly, is a far cry from Hayes’ original $50,000 BTC call for year’s end. As reported by Ethereum World News previously, Hayes first told Yahoo Finance that Bitcoin’s bear market could continue well into 2019, citing his five-year experience trading Bitcoin and altcoins in this nascent market. Following up on this claim, just days later, the BitMEX executive doubled-down on his opinion that crypto’s next bull run is months, if not years away. He explained that all markets in all their shapes and sizes undergo reversal phase, clearly articulating his belief that BTC, even at $6,400 (price at the time of Hayes’ writing), was far from finding a bottom. Citing BitMEX Research’s in-depth analysis of Bitcoin’s historical performance, Hayes noted that the cryptocurrency market’s current downtrend, which purportedly began on March 12th (BTC spot fell under its 200-day MA), is likely to last for a minimum of 200 more days. Moreover, it was implied that cryptocurrencies could fall even lower, as BTC’s “peak-to-trough” (PTT) decline was divulged to be only at 67%, compared to digital asset’s historical PTT declines of 87% and 94%. Then touching on volatility, Hayes explained that BTC “require volatility” to eventually reclaim its position as the mainstream media’s circus freak, adding that the price fluctuations of bitcoin are the “best and most transparent way” to express the health, performance, and maturation of this industry. So, seeing that volatility has declined (save for the past week), Hayes noted that prices “will slowly leak lower” to a prospective low of $2,000, a “sweet spot” in the eyes of the BitMEX chief and his analyst team. Although this ultra-bearish sentiment evidently exists, some aren’t convinced that $2,000 is in Bitcoin’s cards, as there are still a number of fundamental and technical factors that should give BTC support, even in tough times like these. Title Image Courtesy of Andre Francois via Unsplash The post Arthur Hayes’ $5,000 Bitcoin (BTC) Prediction Comes True appeared first on Ethereum World News.

18 hours ago

Crypto Blood Bath 2018...Again

Image Courtesy: Tradingview.com Bitcoin continued its downward trend today, seeing a price low of just over $4,800 at the time of this writing (via Blockmodo real-time data). Meanwhile, the public speculates on a price bottom, accompanied by a broad range of emotions. Bitcoin’s Price Action Looking at the weekly chart for Bitcoin, there are several levels of interest. The $4660, $3000, and $1860 areas show levels of support based on the Bitmex USD chart. Price seems to have found a bit of support at press time, around a bottom of $4660. Image Credit: Tradingview.com On the daily chart, Bitcoin is well below the 128-day moving average (yellow line). The $5700 - $6100 range (roughly) was the support for a significant amount time, but now has turned into resistance as yesterday saw price retesting that zone, with failure to stay in that range. Image Courtesy: Tradingview.com When Bottom? From a trading and investing perspective, crypto chartist and influencer Tone Vays has been accurate in his evaluations this year. He even won a bet with poker pro and crypto influencer Doug Polk when Bitcoin’s price reached $6k (already seen). In a YouTube video today, Vays expressed his evaluation based on the charts. Accordingly, lows of $2500 (and possibly $1300) may not be out of the cards going forward to find a market bottom in certain scenarios. However, the $4000-$5000 range is also referenced as a possible short-term bottom. How Does Mining Factor Into the Equation Bitcoin mining also plays a part in Bitcoin’s price. Bitcoin miners may operate on the basis of Bitcoin’s price covering their cost of mining. Simply put, if Bitcoin’s price drops to a range where miners cannot sell at a price to recoup their mining and electricity costs, then they are operating at a deficit. Since mining costs vary by region and country, it is difficult to fully grasp the impact of such price action on miners. In a private conversation, Crypto Insider’s Vlad Costea has made an interesting comment on the subject, stating that a lot of miners would shut down their operations if Bitcoin’s price dropped too significantly. Costea also mentions compromised/lowered network security in such a scenario, yet the reduced mining difficulty might be enough of an incentive to keep it all going. Twitter Drama Speculation fills the Twitter streets, with folks wondering when the market will see a reversal. 5.8k5.2k4.8k 4.6k pending4.2k3.9k3.6k pic.twitter.com/ylqfYmYaKy — CryptoBirb (@crypto_birb) November 19, 2018 Meanwhile, notable figures like Peter Brandt show evidence of the bubble that once was Bitcoin. Air left in the bubble. pic.twitter.com/hwtcWiVzY5 — Peter Brandt (@PeterLBrandt) November 19, 2018 Still others on Twitter just continue to make comical statements, knowing the market has a mind of its own, and that no amount of willpower can control help everything in life. Many of these comments and tweets are made by veterans of the crypto space who are experienced with such market moves. I love the feeling of lying in bed and wondering what kind of complete and utter mess you’re going to wake up to in $crypto tomorrow. This is the real experience that I’m used to. If you’re seeing it for the first time, welcome. Enjoy the ride. — Emptybeerbottle (@Fullbeerbottle) November 19, 2018 Time to put out the call for my surviving crypto traders: REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE — Socal (Shepherd of Fire) (@Socal_crypto) November 19, 2018 And of course, CNBC chimed in on the action. It's a horror show for #bitcoin. Take a look at these moves... if you dare. $BTC pic.twitter.com/9kkd9ytVDd — CNBC's Fast Money (@CNBCFastMoney) November 19, 2018 No one knows for certain what the future holds for Bitcoin or cryptocurrency markets as a whole. However, after many weeks of consolidation and lack of volatility, the market is now seeing a big play to the downside. *This article includes opinions from the author and is not in any way financial advice. Writing about price levels is purely speculation, subject to speculatory bias. Nothing written is any kind of advice whatsoever. *CryptoInsider is sponsored by Blockmodo. As part of our arrangement, we may occasionally link to them and quote them when appropriate. This is done at the discretion of CI staff and CI sponsors have no say in any editorial decisions made by CI. The post Crypto Blood Bath 2018...Again appeared first on Crypto Insider.

19 hours ago

Major Indian Crypto Exchange CEO Openly Asks Gov’t to Regulate Crypto

Nischal Shetty, the CEO of Indian crypto exchange WazirX, has reached out to a top lawmaker to look into the regulation of Bitcoin and similar digital assets. The blockchain entrepreneur requested India’s finance minister Arun Jaitley to focus more on crypto’s potential benefits than its minimalistic misuses. Saying that every industry is prone to have its own set of problems, Shetty believed they should not become the reason to hamper innovation that could benefit the nation’s growth. Dear @arunjaitley If fear of misuse ruled us then we would never have: 1. Electricity for fear of electrocution2. Cars for fear of accidents 3. Cash for fear of black money Yet we still have these because benefits outweigh the problems Crypto is the same. Regulate & win — Nischal (WazirX) (@NischalShetty) November 18, 2018 The status of Bitcoin and similar cryptocurrencies continue to be under wraps in India. The Reserve Bank of India (RBI) this year imposed a banking ban on all the local cryptocurrency companies, disallowing them access to fiat liquidity. The decision led to a blockchain exodus, with startups and even an established crypto exchange shutting their operations and moving to crypto-friendly regions. The government, meanwhile, maintained its negative stance against cryptocurrencies. Jaitley renounced its use in a parliament session this year, causing a massive market sell-off in the BTC-INR market. But India yet remains to be a country with no cryptocurrency law. The ban is only psychological and does not merit any constitutional verse. Bitcoin continues to be an entity without a legal definition. Amidst the blanket ban, a group of Indian crypto companies led by Kali Digital Ecosystem, which runs the exchange CoinRecoil filed a writ in the Supreme Court of India against the RBI’s decision. The case is still pending owing to the central bank’s delay in filing an official response. At the same time, there are rumors that the Securities and Exchange Board of India (SEBI) will be regulating Bitcoin as a commodity. But, official confirmation has not been made yet. Related Reading: India Update: RBI Claims Court Can’t Recognize Crypto as Currency Due to Existing Laws Public Movement Against Crypto Ban Shetty sought community support in his later tweets, asking people to tag Jaitley every day and demand cryptocurrency regulation. “We need to tweet to our minister every day till we get a reply,” he wrote. “The more we tweet, the more chances of our voice being heard & crypto getting a positive regulation in India.” The movement has reached its 18th day, but no response from the finance minister has come yet. Earlier, the Indian crypto community voted in favor of crypto regulation, casting more than 8,000 votes via Change.org to revoke the RBI ban on crypto banking. But the appeal fell on deaf ears. As the blanket ban continues, the local Indian cryptocurrency community self-admittedly has moved to an underground exchange market. Similar to China, the crypto trading operations have gone peer-to-peer, making the government enforce RBI’s decision in full potential. “Even if the government decides to ban the possession, it will be just impossible to implement it,” Shetty remarked. Featured image from Shutterstock. The post Major Indian Crypto Exchange CEO Openly Asks Gov’t to Regulate Crypto appeared first on NewsBTC.

20 hours ago

Huobi, Kraken Assign BCH ‘Throne’ To ABC, Yet Bitcoin Cash Hashwar Continues

After four days of discourse, banter, and endless rivers of salt, a number of crypto exchanges have declared that Bitcoin ABC (ABC), Roger Ver and Bitmain CEO Jihan Wu’s preferred Bitcoin Cash client, will officially obtain the “BCH” crown, instead of Craig Wright and Calvin Ayre’s Bitcoin Satoshi Vision (SV). Kraken, Huobi Crown Winner in Bitcoin Cash Fork Since Bitcoin Cash’s long-awaited blockchain upgrade activated on Thursday, during the network’s 556,767th block, many industry insiders, including Ethereum co-founder Vitalik Buterin, have explained that Bitcoin ABC is undoubtedly the winner. However, while ABC’s victory was mostly accepted on a person-by-person basis, the startups that run the crypto ecosystem were hesitant to crown a winner. Related Reading: BCH Tussle: Bitcoin ABC May Reign Supreme over Craig Wright’s “Satoshi Vision” But, this changed on Sunday, as Singapore-based Huobi took a surprising leap of faith, declaring that it would assign the official BCH ticker to ABC, not SV. ABC Version Of Bitcoin Cash (BCH) To Be Re-Designated BCH: Huobi Global has confirmed that the ABC version of Bitcoin Cash (BCH) will be retained for the designation of BCH. For more details, please refer to attached image. pic.twitter.com/odh7Pc8K7R — Huobi Global (@HuobiGlobal) November 18, 2018 Although the prominent crypto exchange divulged that it would facilitate deposits, withdrawals, and trading for SV tokens, Huobi alluded to the fact that SV’s lack of two-way replay protection was a security concern for the platform and its users alike. U.S.-based Kraken echoed this sentiment, claiming that it too would let ABC, which the exchange simply named “Bitcoin Cash,” take the throne as “BCH,” putting an end to investors’ confusion with BCHSV, BCHABC, and other tickers pertaining to the fork. Like Huobi, Kraken explained why it took such a drastic move, which may be seen as controversial in some circles. One-upping Huobi’s rationale, Kraken noted that no major block explorers support SV, miners are “apparently” operating at a loss, supply is “temporarily constrained,” along with a handful of other pertinent issues that could affect the viability and legitimacy of Craig Wright’s go-to client. Keeping these red flags in mind, Kraken explained that SV should be seen as an “extremely high-risk investment,” essentially bashing and discrediting Craig Wright’s camp. SV’s Block Height May Have Caught Up, But ABC Still Winning the Hash Race While SV recently caught up to ABC in terms of blocks processed (block height), many are skeptical that the former’s resurgence will last for an extended period of time. This sentiment, of course, takes into account that as it stands, ABC has processed 38.6 percent more hashes than its rival, which is arguably just as important as the block height statistic. Even before the upgrade went live, Jiang Zhuoer of BTC.Top, a key player in the Bitcoin Cash fork debacle, explained that over time, Bitmain’s allies were likely to succeed. Zhouer noted that if it comes down to the wire, Bitmain, which has hands in the cookie jars of BTC.com, Antpool, and ViaBTC, could allocate its 20,000 petahashes to ABC entirely. This amount of computing power would absolutely decimate Craig Wright’s dream of establishing Satoshi’s Vision, as the Australian coder’s squad only has a finger over the trigger of a purported 10,000 petahashes. However, in a surprising turn of events, Coin Dance, the de-facto hub for all things Bitcoin Cash fork, has declared that “both active chains will continue to be permanently split into the foreseeable future.” In others words, the individuals behind Coin Dance believe that the two chains will continue to operate independently, essentially indicating that the hashwar could come to a screeching halt. But, others have pointed out that SV isn’t off the thin ice just yet, as Wu, the aforementioned chief of Bitmain, has revealed that he is looking into dumping the SV tokens that he and Bitmain own, a reported one million plus. If Wu were to liquidate Bitmain’s BCHSV holdings en-masse via public order-book exchanges, the price of the forked asset would likely capitulate to near-zero. Featured image from Shutterstock. The post Huobi, Kraken Assign BCH ‘Throne’ To ABC, Yet Bitcoin Cash Hashwar Continues appeared first on NewsBTC.

21 hours ago

AERGO Raises $30 Million From Investors, Set To Develop A First-of-Its-Kind Blockchain System

AERGO, a Samsung-backed startup partner has announced it has successfully raised $30 million from top investors, including Sequoia Capital China and GBIC to enable to build its end-to-end blockchain network. AERGO, a tech partner of Blocko, which is a Samsung Ventures funded company, has successfully secured $30 million from highly reputed investors, to enable it to develop a trustless blockchain network that would make it easy for firms to share data seamlessly. Blocko supports the AERGO initiative, and it plans to use the latter’s blockchain solution in offering clients a broader set of enterprise IT solution as well as cloud-based application development services to its existing blockchain clients. AERGO is a highly functional blockchain platform that provides clients with custom-made high-scale DLT deployments, serverless cloud architectures, as well as data bridging services. Founded by Blocko’s enterprise team of experts in the blockchain industry, AERGO is looking to use its new $30 million war chest to develop a blockchain platform that would enable organizations to transfer data without intermediaries. That’s not all, AERGO will also use the fund to: Establish a new base-layer public blockchain network Create user-friendly IT integration software deployment frameworks Launch new blockchain applications Ink more partnership deals with other credible firms in the blockchain industry The blockchain firms that participated in the AERGO funding round include: Sequoia Capital China, GBIC, Neo Global Capital. Dekrypt Capital, FBG Capital, Arrington XRP Capital, JRR Crypto, Rockaway Capital, Block Crafters Capital, and several others. Chairman and Founder of AERGO, Phil Zamani noted that: “I’ve spent more than twenty-five years leading firms like Red Hat and VMWare in driving adoption of open source technologies by delivering complex systems to corporations like Deutsche Telecom, HSBC, Ferrari, Sony, Ericsson, and Siemens.” AERGO is crafted using a hybrid blockchain design. The platform is developed with a mix of a public chain, private chains and side chains connected via interoperability technology. AERGO says the hybrid nature of its blockchain system, coupled with its regulatory compliant record keeping and other excellent feature, makes it easy for businesses to integrate it into their existing technology seamlessly. “Many of the newer DLT platforms are still not suitable for enterprises and existing businesses,” said Sinhae Lee, a Partner at GBIC, adding “AERGO has the greatest potential to bring blockchain technology closer to the real world as it is leveraging Blocko’s core technology which has several production-level projects with millions of users.” Twitter: https://twitter.com/AERGO_IO?lang=en LinkedIn: https://www.linkedin.com/company/teamaergo/ Email: allison@blonde20.com Phone: +972 58-7892862 The post AERGO Raises $30 Million From Investors, Set To Develop A First-of-Its-Kind Blockchain System appeared first on ZyCrypto.

a day ago

Daily Crypto Roundup 11/19/2018

Bitcoin dumped $5k today, while the headlines were filled with Bitcoin Cash talk, bullish Bitcoin predictions, political campaign mining donations, and statements regarding crypto’s future potential. Catch up on today’s news. Why The BCH Hash Wars Hurt The Entire Crypto Market The past week has been filled with Bitcoin Cash fork drama. BCH split into two chains - Bitcoin ABC and Bitcoin SV, resulting in a war between team Roger Ver, and team Craig Wright. Throughout the war, significant time, energy, and electricity have been used in efforts to take control. This war and drama are not good for outsiders looking into the crypto space. The entire market has likely lost legitimacy at a pivotal time for adoption. Read on Crypto Insider Draper’s Bullish Prediction: $250k Bitcoin By 2022 The notable Time Draper apparently still sees Bitcoin with a hefty price tag of $250k in a few years time. 2022 or 2023 should be enough time for Bitcoin to achieve said price. Draper has made such recent statements at Dublin’s Web Summit, as reported by Crypto Insider. Crypto Insider shows Draper describing factors leading to such a price for BTC, under the categories of “typical Libertarian arguments”, and “economic arguments”. Read on Crypto Insider Below $5K: Bitcoin Drops $500 To Set New 2018 Low Today saw Bitcoin making new yearly price lows as it dumped below $5k. At press time, BTC is valued at $4862 and appears to be in the middle of a free fall. “That’s the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 - still signifying a decline of more than 9 percent”, reported CoinDesk. The total crypto market cap has lost over $15 billion, with some crypto assets seeing losses of over 20%. Read on CoinDesk US Election Commission Says Crypto Mining For Political Campaigns Is ‘Permissible’ The FEC (U.S. Federal Election Commission) recently made moves to approve candidate financial support via crypto mining. “In a memorandum dated Nov. 13, attorneys with the FEC responded to a proposal submitted in September by OsiaNetwork LLC, which at the time asked if individuals would be able to provide their computers’ processing power to mine cryptocurrencies”, reported CoinDesk. The capital accrued during said mining would then be given as funding for political groups. On paper, donations would come from OsiaNetwork, and the associated miners. Read on CoinDesk Cryptocurrency Is ‘A Big Deal’ But Needs Institutional Investments, Says KPMG Report KPMG, a top auditor in the Netherlands, published a positive report last week about crypto and its potential. The report details the necessity of institutional investors in the crypto space. Although gaining such involvement will be challenging. Regarding institutional involvement and cryptocurrency’s potential, the KPMG report states - “[i]nstitutionalization is the at-scale participation in the crypto market of banks, broker dealers, exchanges, payment providers, fintechs, and other entities in the global financial services ecosystem. We believe this is a necessary next step for crypto to create trust and scale”. Read on CoinTelegraph The post Daily Crypto Roundup 11/19/2018 appeared first on Crypto Insider.

a day ago

Hash Wars: A Successful BCH Upgrade and a ‘High Risk’ Exchange Listing

It’s been close to four days since the Bitcoin Cash upgrade and the blockchain split that occurred on Nov. 15. Since the acrimonious fork, a lot has happened within the BCH ecosystem including a few exchanges listing both chains as separate coins. Also Read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails Bitcoincash.org States Upgrade Was a Success The Nov. 15 Bitcoin Cash (BCH) hash war has been quite the spectacle for many cryptocurrency observers to say the least. Almost four days have passed since the split and both chains are being mined by separate mining entities. On Monday the Bitcoincash.org website published an announcement to the public detailing that the “planned network upgrade is complete.” Despite the hash war, the Bitcoincash.org website says the planned Nov. 15 was successful. The website stated that the proposed features developed by the Bitcoin ABC team integrated successfully and the upgrade contained multiple new functionalities. Highlights from the fork include the introduction of canonical transaction ordering (CTOR), and the enabled OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY opcodes. Additionally, there’s an added enforced minimum transaction size, a “push only” rule for script-Sig, and automatic replay protection for future upgrades. “CTOR which is part of the comprehensive technical roadmap allows for faster transaction ordering and block propagation — This feature helps scale Bitcoin Cash for the world,” the announcement detailed. The Bitcoincash.org website continued by stating: OP_CHECKDATASIGVERIFY which is also part of the roadmap, is a feature that allows a transaction to verify that it has been supplied with a valid signature and message — This will enable new applications to be built on the Bitcoin Cash network that wasn’t possible before. In addition, the organization explained the developers’ reasoning behind the added checkpoint. Bitcoincash.org’s fork notice states that a “malicious entity may have tried to attack the chain with deep reorgs.” In order to prevent an attack, the programmers used a tactic utilized by Satoshi Nakamoto in the early days of Bitcoin development. “Checkpoints have been used in every past Bitcoin Cash network upgrade including this Nov. 15 upgrade,” the developers added. Voltaire, Kraken, Coinex, and the Wait for More Exchanges Voltaire explained the ABC chain will be Bitcoin Cash (BCH). In addition to the announcement on Monday published on Bitcoincash.org, a few exchanges have started revealing chain listing announcements. For instance, the BCH-centric trading platform Voltaire announced on Nov. 18 that it would be listing the ABC side of the chain as bitcoin cash (BCH). The exchange is working to enable deposits and withdrawals for the SV network and will introduce a new BSV/BCH trading pair market. “As per Voltaire’s policy to support Nakamoto Consensus, we’ll be listing the ABC chain under the BCH ticker and all future pairs (ETH, GUSD, LTC) will be paired likewise,” explained Voltaire in a blog post on Sunday. The same day, the San Francisco-based cryptocurrency exchange Kraken also revealed its decision regarding the split outcome. Kraken had a lot more to say about the contentious Bitcoin Cash hard fork, with the trading platform detailing that Bitcoin ABC will be listed as Bitcoin Cash (BCH) and they will list the other side as BSV. Kraken has warned customers that the SV chain does not meet the company’s traditional listing requirements for a variety of reasons including the fact that it has “no known wallets supporting replay protection, miners are operating at a loss, and representatives threatening and openly hostile toward other chains.” Additionally, the exchange said it has completed only a small amount of code review and stressed that “large holders have indicated they’d be dumping everything.” Kraken added: Custodial losses taken on due to attacks originating from Nchain or its affiliates will be socialized among all BSV holders on Kraken — Given the volatile state of the network and threats that have been made, Kraken cannot guarantee perfect custody of BSV. Further, the BCH pairs exchange Coinex has revealed it will be listing two markets with ABC commanding the BCH ticker. Coinex has also added BCHSV/BCH, BCHSV/BTC trading pairs on the exchange. Even though a few trading platforms have re-opened BCH markets, Bitcoin Cash proponents are hoping more exchanges will re-enable BCH transactions in the near future. Meanwhile, other market participants have been searching for safe methods and tools to split their coins. What do you think about the hash war? Do you think it is close to over? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Pixabay, Kraken logo, Voltaire Logo, and Bitcoincash.org. At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take

a day ago

BTC Market Overreaction: Bitcoin Now Drastically Oversold

The market is down again, and the current price trajectory is bringing new lows not seen for over a year. Bitcoin (BTC), normally the most stable asset in the room, has fallen through all of its price levels. Some doom-mongers are savoring a fall to zero and the Bitcoin bulls are worried. But is this fear justified? Well, maybe not. Stochastics aren’t often used in crypto technical analysis. In brief, they are used to indicate momentum: a convenient means to show changing trends before they are reflected in the prices. For this reason, stochastic indicators can also be used as a metric for when an asset is overbought or oversold. Bitcoin’s stochastics indicate the recent price slide has taken the coin just below the 20 price range, suggesting the market has oversold the asset. In technical terms, this means that BTC is trading below its market value. It’s essentially an overreaction to bad news, such as last week’s Bitcoin Cash (BCH) hard fork, which will most likely correct once the dust settles and the market cools. Bitcoin’s stochastic line (blue) fell below 20 today, suggesting BTC has been oversold. Via TradingView. BTC Falls Below Support The stochastics chart appears to confirm analysis that BTC is below its support levels. The sell-off over the past seven days took bitcoin below its floor price of approximately $6,200 per coin; traders lost hold of any guide rails for their decisions. With the downwards trajectory getting more steep, BTC holders are offloading to salvage some of their investment value. It’s not just technical data that suggest this slide is an overreaction. In perhaps one of the most poorly-timed announcements of the month, Swiss authorities have approved the world’s first Bitcoin exchange-traded product (ETP), created by the UK fintech firm, Amun Crypto. The ETP basket will begin trading next week: 50% will be made up of Bitcoin; the other half will consist of Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC). Many readers will remember the market’s obsession with Bitcoin exchange-traded funds (ETFs) over the summer. CBOE (of Bitcoin futures fame) submitted an application, which the SEC postponed. Some had already criticized CBOE’s ETF proposal as too exclusive, being designed solely for institutional use. One of the main advantages of the Amun Crypto ETP, according to the company’s CEO, Hany Rashwan, is that it allows both institutions and retail investors to participate. “The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies,” Rashwan told the Financial Times. “It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments.” Financial instruments, like the Amun Crypto ETP, are a vindication for cryptocurrency holders. It’s a sign of a sophisticated market, one which regulators will allow in their jurisdictions. Bitcoin bulls aren’t extinct yet Bitcoin’s recent slide does not bode well for its price outlook. Moving averages are hardly promising, and the recent meltdown has made full recovery an even more distant possibility. But it’s likely that Bitcoin’s price will hit a soft landing. Investors are used to BTC going for roughly $6,300; today’s plunge is an opportunity to buy at a $1,000 discount. When the market recovers from its momentary panic, developments like the Amun Crypto ETP will fuel further prices rises. Crypto Briefing has previously suggested that what stopped a bull run a few weeks ago was a lack of momentum. But this could change. Bargain buying and a positive reaction to the ETP news could reverse the losses incurred over the past seven days. With sufficient velocity, the BTC price could rise back above its support levels. Today the market is in the dumps, but the Bitcoin bulls could return...with a vengeance. The author is invested in BTC and ETH, which are mentioned in this article. The post BTC Market Overreaction: Bitcoin Now Drastically Oversold appeared first on Crypto Briefing.

a day ago

Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang

On Nov. 18, a few days after the Bitcoin Cash (BCH) fork, Openbazaar developer Chris Pacia announced the launch of Bchd, a full node implementation of the BCH chain written in Golang. Pacia and contributors have detailed that it’s been over two months since the Bchd client was forked from Btcd reference code and so far the new library has seen a “large amount of development.” Also Read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails The Bitcoin Cash Bchd Library The Bitcoin Cash community has been introduced to a full node client written in the Golang (Go) programming language called Bchd. The new Golang implementation was originally built by Chris Pacia, the developer of the peer-to-peer marketplace Openbazaar. However, nine other developers stepped up and helped the programmer finish the beta release. Bchd is a fork of the Btcd protocol library and the client’s contributors have explained they waited until after the Nov. 15 fork to release the beta version. Even so, the developers ran the Bchd client throughout the upgrade and detailed that the implementation “operated incredibly smooth right through the fork.” “We’ve implemented all four of the Bitcoin Cash hard forks and removed a major soft fork (Segwit) from the codebase — This release contains a number of features and improvements over Btcd including a UTXO memory cache, prune mode, and BIP159 Node_Network_Limited to allow pruned nodes to offer blockchain services to the network,” explained the Bchd beta launch announcement. There are a bunch of benefits to the Bchd client as it can be pruned and still service Simplified Payment Verification (SPV) clients. In fact, Bchd is the only library that supports BIP157/158 NODE_CF, which maintains a compact filter index for SPV clients. “This allows developers to build a new type of P2P SPV wallet that uses client-side filtering to provide SPV users with unmatched privacy,” detailed the Bchd development team. The Bchd developers continued: To that end we’ve also ported the Neutrino wallet backend to BCH so we actually have an SPV wallet that makes use of this functionality — At present it’s the most private SPV codebase on the market — There really isn’t a close second in terms of privacy. The Bchd Package Contains Three Interconnected Protocols The news also follows another Golang BCH implementation written by the creators of the Counterparty.cash protocol. The Gocoin-cash protocol is a port of the BTC software originally written by Piotr Narewski. Further, another developer recently announced a BCH library written in the programming language Rust on Nov. 5. The Bitcoin Cash network now has a wide variety of full node client implementations in various programming languages. The Bchd beta version package consists three pieces of software: Bchd, the Bchd wallet, and Bchctl. The Bchd implementation does not have a native wallet like traditional C++ implementations do. Meanwhile, Bchctl is a command line interface so users can control the Bchd node and wallet. In addition to this, the binaries are available in many options including Solaris, Plan 9, and BSD operating systems. “Please keep in mind this is beta software and probably not ready for production usage, though it is in pretty good shape right now,” the Bchd development team concluded. What do you think about the Bchd client for the Bitcoin Cash network? Let us know what you think about this subject in the comments section below. Images via Pixabay, Bchd, Shutterstock, and the Gopher Golang logo. At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang appeared first on Bitcoin News.

a day ago

IOTA’s Director of Engineering Will Attend Blockchain Event Organized by Chinese Government

The 2018 Blockchain New Economy Hangzhou Summit, to be organized on 19th and 20th November, will be one of the most prominent blockchain events on Chinese mainland this year. The IOTA Foundation announced that its Director of Engineering, Edward Greve will be attending the summit, as a representative of the distributed ledger designed for the Internet of Things and beyond. His presence during the summit could open the gates of opportunity for IOTA in China. IOTA Announces News on Twitter The IOTA Foundation announced on its Twitter page that Greve would be attending the summit. It wrote: “IOTA Foundation’s Director of Engineering, Edward Greve, will be participating at the 2018 Blockchain New Economy Hangzhou Summit organized by the Chinese government (19-20th Nov)” The Chinese authorities, who have effectively choked the entire cryptocurrency industry in the mainland, have quickly separated cryptographic assets from blockchains, embracing the latter openly. China has not only big money but also some of the biggest startups in the blockchain and crypto industry. Chinese President Endorsed Blockchains Too! The Chinese president, Xi Jinping in May, praised blockchains calling it: “A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications.” China’s footprint in blockchain is growing rapidly. The country is still the home for most of Bitcoin’s hashing power, despite dragging out several miners and shutting down trading activities. In March, it was reported that China leads the world in the number of patent applications related to the blockchain. According to data from Thomson Reuters via the World Intellectual Property Organization (WIPO), the country filed about half of the 406 blockchain related patent applications in 2017. More recently, Chinese companies occupied 57 of the 100 spots in the latest Top 100 Blockchain Enterprise Patent Rankings list. The only other country to feature prominently in the list is the US, but the numbers are in favor of the Asian giant. According to the list, Alibaba, the Chinese e-commerce giant has 90 patent applications and holds the number 1 spot. The People’s Bank of China ranks 5th with 44 applications. Other prominent names from the country are - Tencent with 40 patents, Bitmain with 26 patents and State Grid Corporation of China with 23 patents. IOTA’s Director of Engineering Will Attend Blockchain Event Organized by Chinese Government was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a day ago

‘We Are Against ICO’ - Interview With P2P Bitcoin Exchange Hodl Hodl

Bitcoinist caught up with Max Keidun and Roman Snitko, CEO and CTO of HodlHodl, whose peer-to-peer bitcoin trading platform and exchange just secured a private funding round from some notable members of the Bitcoin community. We’re ...happy to be raising money from bitcoiners, and not VC funds - Hodl Hodl CEO Bitcoinist: Why did you decide to hold a private funding round? Was the target achieved? Hodl Hodl: Yes, the target was achieved. We decided to hold a funding round because the project has been self-funded for 2 years and we needed to continue working an delivering new features faster. External funding helps with that. Also we don’t think that public funding is good in our case, because we don’t want to issue any tokens and we are against ICO. We’re also very happy to be raising money from bitcoiners, and not VC funds because our investors understand our project much better and have similar values. Bitcoinist: Why did some notable members from the Bitcoin community like WhalePanda (and others) decide to invest in this project? Hodl Hodl: Here are some direct comments from our investors. @WhalePanda: Because there needs to be a place where people can buy and sell their Bitcoin without any KYC/AML. Localbitcoins used to be a good place to do that, but that changed after they implemented KYC. There’s also obviously a big market for it, just look at localbitcoins volume. I’m also a big fan of househodl personally since I’ve been looking into buying real estate with Bitcoin. @Marsmensch: Hodl Hodl is aldready an excellent platform leveraging the strong technical baseline of BTC. I share the teams excitement about building a decentralized marketplace that aims to be the preferred solution for p2p trades and futures with maximum security and privacy in mind. @anambroid: Because investment opportunities like this are very rare. Investing into an exchange with good tech, which is good for the ecosystem, at this valuation, is a no-brainer. Bitcoinist: What will the funds be used for primarily? Hodl Hodl: Development and delivering new features. Currently, we are developing our OTC business line by onboarding more and more OTC partners. Also, we are developing a prediction contracts market. We will spend some raised funds on hiring new developers, adding new languages (Spanish and Japanese are coming to Hodl Hodl in December), and some marketing efforts. Of course, we will continue developing Househodl, some funds will definitely go that way. Bitcoinist: When will you launch your prediction (futures) contracts market? Considering the relatively tepid demand for CBOE Bitcoin futures right now, how much interest have you seen for this product? Hodl Hodl: We’re thinking of launching prediction contract markets in February 2019. We see a huge demand for this product as it will be fully non-custodial (so no centralized storage of funds), and we - as a platform - won’t be able to affect this market. This will be pure P2P. Bitcoinist: You’ve recently announced your non-custodial OTC trading desk. Who is this service targeted for? Hodl Hodl: The OTC desk was, essentially, made for large OTC traders, performing trades from 50BTC and more at a time. Our brokerage arm - an Estonian company called “Tenbagger” - is a fully licensed EU broker. Large deals on our OTC desk go through it and if both parties desire so (which they usually do) they provide all the necessary KYC/AML information. By having our own brokerage company we can trade directly with other OTC desks, but also we are matching traders that can use Hodl Hodl as an escrow platform to trade in a secure and easy way. Usually, OTC traders contact us and then we help them with onboarding and support. We work with different volumes, payment methods, and we can help buy or sell BTC 00 and other cryptos. Bitcoinist: Can you give us a sneak peek of your Househodl service? Why would someone want to use this platform to buy/sell a home? Hodl Hodl: Our real estate platform HouseHodl will allow users to list real estate properties, sign all related documents remotely, and buy and sell real estate via cryptocurrency escrow accounts. Using cryptocurrency as a payment method, we will help crypto investors connect with real estate agents directly without the involvement of banks. Cryptocurrency owners won’t need to cash out to fiat currencies, and real estate sellers won’t have the hassle of entering into crypto markets. Cryptocurrency payments are cheap, fast, reliable, work 24/7, and minimize additional KYC/AML beyond what’s necessary. Further, our users will be able to make all payments remotely without opening bank accounts. Moreover, people facing problems with transferring large amounts of funds abroad or with opening accounts in other countries will no longer be required to do so, as they make all payments via Bitcoin’s blockchain. Househodl will use same escrow tech that is currently working on Hodl Hodl. We plan to launch it in 2019. Bitco

a day ago

Developing Technologies: Eight Outlooks On What's Ahead For ...

Developing Technologies: Eight Outlooks On What's Ahead For The Real Estate Industry via @forbes #blockchain… https://t.co/S4vjoJHzHr

a day ago

Bcoin Developers Release Cross-Chain Atomic Swap Application

On Friday, Nov. 16, the developers behind the full node projects Bcoin and Bcash announced an application that allows users to complete cross-chain atomic swaps between both the BCH and BTC chains. The Bcoin programmers have also released a guide, videos and code for beginners and experts who want to swap BTC for BCH in a decentralized fashion. Also read: Markets Update: Traders Expect Major BCH Action When Exchanges Open BCH and BTC Cross-Chain Swaps With No Middlemen The Bcoin developers recently released an application for users who want to learn how to execute atomic swaps between the BCH and BTC blockchains. Cross-chain atomic swaps have generated a lot of buzz lately, as the process allows people to swap two different cryptocurrencies, but without the need for third parties. Both Bcoin and Bcash are full node BTC and BCH implementations built with Javascript/NodeJS. With the atomic swap application, the Bcoin programmers wholeheartedly believe that in order “to protect both users, there must be no scenario in which one person can control both coins at the same time.” “Atomic swaps enable some of the coolest layer-two technology in crypto, like Lightning and DEXs,” the Bcoin team stated. “We put together an illustrated guide to walk you through the process, complete with code and videos.” Bcoin’s atomic swap guide, written by Matthew Zipkin, gives readers a comprehensive look into the technology under the hood. Similar to other types of second-layer technologies, cross-chain swaps use a protocol called Hash Time Locked-Contract (HTLC). Bcoin’s website explains the process through written descriptions and shows visuals of Alice and Bob performing an atomic swap. The guide also shows how the script is written by creating HTLC scripts with the Bcoin and Bcash libraries. Additionally, the walkthrough details how to fund swaps and redeem them once the funds are sent to the designated addresses. The atomic swap templates are accompanied by a video demonstration of the cross-chain trade. Centralized Exchanges and Hacks Bolster the Need for Atomic Swaps Over the last year concepts such as cross-chain atomic swaps have been growing more popular because of issues with centralized exchanges, which are still being hacked to this day. The decred (DCR) development team was the first to perform a cross-chain atomic swap between DCR and LTC back on Sept. 20, 2017. In the Bcoin and Bcash atomic swap guide, Zipkin cites the decred atomic swap Github repository. There have also been a few other individuals and teams from various cryptocurrency projects who have been attempting to produce viable and decentralized models. Three months ago, BCH developer Mark Lundeberg published a proof-of-concept of a way to do peer-to-peer atomic swaps without an “obvious on-chain fingerprint.” Lundeberg’s “Swap Channels” essentially hide atomic swaps using ordinary payment channels. The Bcoin application’s documentation further explains how users can install to Windows, Mac and Linux, with accompanying videos for each operating system. The platform’s developers have also released API documentation for programmers who want to integrate the protocol into websites or other types of applications. In addition, the Bcoin team said users can make requests at the Github repository and contributors can earn bounties. What do you think about the Bcoin and Bcash cross-chain atomic swaps? Let us know your opinion in the comments section below. Images via Shutterstock, Twitter, Bcoin, and the Bcoin blog. Need to calculate your bitcoin holdings? Check our tools section. The post Bcoin Developers Release Cross-Chain Atomic Swap Application appeared first on Bitcoin News.

a day ago

The Demise Of The ICO And The Rise Of The Digital Security

As the ICO fades, crowdfunding will come back stronger When the Ethereum blockchain came online in March of 2016 (the first stable version) it ushered in a new era in funding for startups. Easily created “coins” or “tokens” on Ethereum’s public blockchain allowed virtually anyone with an idea to raise funding from global sources with little or no interference from regulators. The ICO (Initial Coin Offering) was born, and quickly filled headlines with skyrocketing valuations, unheard of returns, and eventually a crescendo of criticism from skeptics. Shrewd investors were routinely seeing 100x plus returns in as little as a few weeks. It was a massive boom that has almost as quickly gone bust. According to the research firm, Inwara, in Q1 2017 there were 35 ICOs. In Q2 that number jumped to 4,810, and in Q4 it jumped again to an astonishing 6,906 ICOs. By the end of Q3 in 2018, the number of ICOs had dropped to 417 due to heightening regulatory action, nosediving valuations, and a punishing drop in price for retail investors. While it lasted, the boom was a relative goldrush for the well-connected and the wealthy - as well as for the more opportunistic token issuers. EOS, a new blockchain project, raised over US$4B before they even had a live product. However, countless “retail” investors who had flocked to the regulation-free opportunity to invest in the next big tech wave have (so far) lost out. In Q4 2018, the ICO and utility token markets look to be on life support with little or no expectation of recovery. Legitimate projects are mired by bad press and deep questions about whether or not their utility token is in fact, a security and therefore at risk of punitive action from global regulatory bodies, including the SEC - especially after two projects, Paragon and AirToken, were fined $250k each and ordered to buy back tokens and convert to securities. Naturally, there are some projects that will survive the crash. The next Amazon or Google may even be among them. But the vast majority of ICO-led startups are likely to fizzle over time. According to AmaZix CEO Alex Vazini, “While utility tokens make sense for a specific subset of applications, last year’s utility token experiment has shown us that this subset is much smaller than initially believed.” What happens next? During the ICO explosion a small subset of fundraisers also saw the potential to issue and manage capital raises on the Ethereum blockchain: except instead of doing an ICO, they decided to do an STO, or Security Token Offering. The STO “coin” or “token” in fact represents ownership of a registered security, making it a digital security, or DS. SPiCE VC was one of the first fully tokenized VC funds to issue a DS. “We saw the insane amount of money being raised on the Ethereum blockchain, but we also knew that raising capital for a business was, and always will be, considered issuing a security. We also immediately saw the potential for digital securities due to their numerous advantages over traditional securities, so it was very obvious for us what we should do,” said Carlos Domingo, Co-founder of SPiCE VC and the CEO and Co-founder of Securitize, a compliance platform for issuing and managing digital securities on the blockchain. As the nascent DS industry worked to code the Digital Securities so they could be bought, sold, and traded in a compliant way on public blockchains, it became clear that digitizing securities is a massive market opportunity — far, far greater than anyone imagined. The overall crypto market today is valued at approximately $185 billion, 50% of which is Bitcoin itself, with another 10% belonging to Ethereum and XRP. Digital securities target a completely different kind of product. “It is a massive market that we are only just beginning to explore,” said Domingo. Wall St. is roughly a $30 trillion market with at least $7 trillion of real-world assets that are ripe for tokenization on the blockchain. Private placement in 2017 was well over $1 trillion in the US alone. “Projects are making their way into the system,” said Alex Vazini, “We’re seeing a lot of very high-quality digital securities projects come through our doors, featuring all-star teams with experience at C-Level positions in top companies of the traditional world.” Digital Security advantages Digital securities are a gateway into asset classes that have traditionally been held captive by liquidity, such as funds, real estate, fine-art, and private equity offerings. DSOs also make capital formation easier by keeping cap tables up to date on the blockchain and allowing for automation of dividends, splits, payouts, investor voting and communication with investors via the token itself. Digital Securities also make fractional ownership a reality. Andy Strott, Co-Founder of Realecoin puts it this way: “Many digital securities, like the Realecoin digital security will be divisible into smaller denominations, thereby greatly reducing the amount of money an i

a day ago

Dogecoin Now Trades Against USDC on Poloniex

Dogecoin (DOGE) has surpassed many peoples expectations when it comes to user reception. Currently the 25th largest cryptocurrency in the world with over $302 million in market cap, Dogecoin took a big hit during 2018 owing to the bearish markets in cryptocurrencies However, a top cryptocurrency exchange is now increased its backing of Dogecoin, allowing it to trade on its platform in a new USDC pair. Poloniex announced it via a tweet: NEWS: Poloniex today is introducing the following markets for #USDC: XRP/USDC, XMR/USDC, STR/USDC, DOGE/USDC, LTC/USDC, and ZEC/USDC. Start trading here: https://t.co/Mu10TZi6Wi — Poloniex Exchange (@Poloniex) November 16, 2018 Poloniex’s Support for Dogecoin With over $300m in Market Cap, Dogecoin also has one of the highest transaction volumes amongst other cryptocurrencies, showing that it already has significant adoption. After the news broke out, some Reddit users started building the case for DOGE, writing that the coin should be added to Binance, one of the largest cryptocurrency exchanges in the world. A user @au80022 went on to say: “I’m glad Poloniex is starting to make moves again, once circle bought them, it’s like instead of making shit better they were just delisting dead projects.” Poloniex also added XRP/USDC, XMR/USDC, STR/USDC, ZEC/USDC, and LTC/USDC pairs. Is a Bounce Back in Sight? Dogecoin had a bullish run in September increasing by more than 150%; however, the last five weeks has been the opposite for the price of Doge as it has declined and given back all those gains. The announcement by Poloniex may have been expected to cause a rise in price, but that has not been the case so far. If Dogecoin were to be listed on a major exchange like Coinbase or Binance this would be expected to provide a boost in price, but there are no guarantees. If Bitcoin and the cryptocurrency market as a whole were to become more bullish, then Dogecoin would likely be lifted with the tide too. An increase in adoption and use of Dogecoin would be another key scenario where Doge’s price may increase. Dogepal revealed to Blokt in an interview that they are working to introduce their Dogecoin payment system to mom and pop style businesses, farmers markets and coffee shops which would increase adoption. Dogecoin Now Trades Against USDC on Poloniex was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a day ago

Bitcoin Price Watch: New Lows for Everyone’s Favorite Cryptocurrency

Bitcoin is in very bad shape. There’s no sugarcoating the facts. After falling to $5,500 a few days ago, the weekend took a nasty toll on the cryptocurrency’s price and bitcoin is now trading for under $5,000. The news is quite shocking. The father of crypto has fallen into the high $4,900 range, where it’s been for roughly 48 hours. This is by far its lowest point in over a year, and with just over 40 days left in 2018, the rest-of-the-year price prediction doesn’t look anything but bearish. The main sentiment is that the bitcoin cash hard fork had negative bearings on the currency’s position, but there are other reasons for the fall as well. Justin Litchfield - chief technology officer at Pro Chain Capital - explains: “The selloff is related to enforcement, which is almost certainly underway. Projects are being made to return investor money, which, after having spent a ton of money marketing their $100 million initial coin offering (ICO) on a lavish party-filled roadshow that was the norm for this vintage of ICOs, will be tough.” At press time, the Securities and Exchange Commission (SEC) has enforced strict civil penalties against two cryptocurrency companies that failed to abide by the governing body’s registration processes. Their ICOs were not registered as securities, and now AirFox and Paragon Coin Inc. are each paying the price... A price of roughly $250,000, to be exact, in penalties to compensate what the SEC claim are wronged investors. In addition, both ventures will now be required to register their digital tokens as securities, and you can bet the SEC is going to be breathing down their necks the entire step of the way. The fact that both companies are being forced to pay back their investors raises serious questions about whether similar companies that held ICOs and similar funding events will be made to do the same. At the time of writing, the crypto industry has lost a whopping $660 million since its January peak. However, a positive light is shining at the end of the tunnel in the form of the world’s first bitcoin exchange-traded fund (ETF), which was recently approved in Switzerland, a nation known for “Crypto Valley” and its loose regulations regarding digital assets The ETF - known as Amun Crypto ETP - will be officiated via the country’s main digital exchange and is set to go live over the next few days. ETF partners Jane Street and Flow Traders will look to ensure there’s enough liquidity once it becomes available, while institutional investors are expected to show growing interest in the project. Though it’s impossible to say for sure, the ETF could potentially put a halt to the bearish conditions facing bitcoin and even inspire another short-term rally by December. Bitcoin Charts by TradingView The post Bitcoin Price Watch: New Lows for Everyone’s Favorite Cryptocurrency appeared first on NullTX.

a day ago

Game On For Stablecoins as Volatility Returns to Crypto Markets

Stablecoins were introduced to protect traders and investors against the volatility of crypto markets. But the stability of the markets over the past few months had put them on the backburner. But as the volatility returned to the markets after the BCH fork, volumes in nearly all Stablecoins shot up multifold bringing them back to the limelight. Volumes in most Stablecoins rise more than 100% The meltdown just before the Bitcoin Cash fork bought back trademark volatility to crypto markets. Most of the coins in that meltdown took a 10% beating exposing a lot of open positions for traders. The only hiding place for these traders was stablecoins and they utilized it well. According to the data that is available in markets most stablecoins volumes rose by over 100% as traders and investors took shelter by moving their monies to stablecoins. According to the chart above, there has been a sudden spike in volumes for stablecoins. The dark blue graph is that of USDC, yellow resembles Dai, the light blue being that of BitUSD and Green being that of the Gemini Dollar. Owing to the meltdown, the cryptocurrency market lost over USD 30 billion of its total market value last week, but during this same time period, the prices of certain USD-backed stablecoins have remained stable or have moved up slightly. It now appears that stablecoins are proving to be the best shelter for crypto traders as the prices of leading cryptocurrencies continue their downward journey. Because of strict regulatory policies of exchanges and many countries, fiat currencies are hard to obtain via crypto exchanges - which leaves stablecoins as the best option to hedge against the volatility of crypto markets. One thing worth noting here was the absence of Tether. As most crypto investors and traders were aware of the controversies surrounding Tether (USDT) and due to some high risks about Tether ’s banking operations, many crypto traders seem to have found more comfort in dealing with other alternative stablecoins now available. For now, stablecoin seems to have played their stability role well and if Bitcoin does start striking back with its traditional volatility, there is every chance that the advancement of stablecoins will be rapid as an alternative. Is the stablecoin craze justified with volatility returning to crypto markets? Do let us know your views on the same. The post Game On For Stablecoins as Volatility Returns to Crypto Markets appeared first on Coingape.

a day ago

Sorry Bitcoin, but Ripple’s XRP Сan Become Number 1 by Market Capitalization

CoinSpeaker Sorry Bitcoin, but Ripple’s XRP Сan Become Number 1 by Market Capitalization November 15 will definitely be remembered as one of the worst single-day corrections in all of 2018. The crypto market then saw a wipe-out of more than $27 billion and the market extended losses throughout the past two days. The talks about XRP ‘flippening’ the Bitcoin came along as Twitter user called “The Ripple Shadow” tweeted an interesting message saying: Screenshot this, retweet this, like this. Do whatever you want with this. Here we go... Before EOY, XRP will be #1 for market cap. No riddles, straight up message. Big things are right around the corner...#xrp #XRPthebase #XRPcommunity #Ripple #ripplenet #xrpthestandard pic.twitter.com/qXd1ba2Npz — The Ripple Shadow (@therippleshadow) November 17, 2018 Also, the CEO of Binance in his Tweet noted the strength of the XRP community, and asked its brethren to send him their best pitches for why he should pair every coin on the exchange with the digital asset. He was also responding to suggestions from the XRP fans who believe that doing so would help cushion most altcoins from Bitcoin’s volatility. Additionally, an XRP base currency would allow cheap and efficient movement of value between exchanges. Bitcoin Cash, even with the combined value of Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC), has fallen by more than seven percent. Subsequent to the fork, the price of BCHABC, the original Bitcoin Cash chain with the roadmap set forth by bitcoincash.org, dropped by more than 15 percent to $250. Last week, Crypto Rand, a cryptocurrency technical analyst and trader, said that the probability of a $4,800 to $5,000 bottom for Bitcoin (BCH) is increasing. Both major cryptocurrencies and small tokens have already started to demonstrate independent price movements by breaking its correlation with BTC, a further 12 percent drop from $5,500 to $4,800 what could result in intensified downward movements for cryptocurrencies with lower daily volumes. The Crypto Dog, another prominent analyst, said that a bottom at $4,800 has become more likely for BTC. Same target I've held since February of this year, I think there is a strong possibility that ~$4800 is the bottom. Let's see what happens. $BTC $BTCUSD #Bitcoin pic.twitter.com/OoXgbdVQAd — The Crypto Dog📈 (@TheCryptoDog) November 16, 2018 Ran Neuner, host of the TV show “Crypto Trader” on CNBC and founder of OnChain Capital, explained via Twitter that crypto investors should distance themselves from Bitcoin and Bitcoin Cash and invest exclusively in XRP. “These hash wars show why everyone should get rid of BTC and BCH and just put all their money into XRP.” I can't tell if this is a joke or not... — Fuadiansyah (@fuadviking) November 17, 2018 He also made a Twitter poll: The results of this poll really surprised me - they show we really have a big problem in Crypto. I REALLY thought American Airlines miles would do way better!!! pic.twitter.com/9HsKaFr7Zx — Ran NeuNer (@cryptomanran) November 18, 2018 This has attracted comments both in favor and against. For instance, a tweet from Crypto Bull believes that NeuNer is not serious. The tweet added, “XRP over BTC, REALLY, what makes BITCOIN special? Not much really other than being the 1st cryptocurrency ever, but that’s enough to keep it around longer than a ripple.” The truth is, the numbers speak clearly for an investment in XRP. As the Twitter user Christian Schneider stated, the XRP price is very good in comparison to the 17th November 2017 by +113%. Bitcoin, on the other hand, fell by -29%, Ethereum by -46% and Bitcoin Cash by -64%. Positive developments for Ripple firm and its token have made XRP one of the few cryptocurrencies to make a gain over the past month. It has made over 10% in the last thirty days while Bitcoin and Ethereum have nosedived 14 and 16 percent respectively. KPMG: Cryptocurrencies Are Still Not Real Currencies These gains have pushed XRP above $20 billion market capitalization and into second place as Ethereum continues to slide. The crypto twitter-sphere is awash with talk of a ‘flippening’ today as the notion of XRP catching Bitcoin becomes more valid. It still has a long way to go however with a market cap gap of over $75 billion and many observers are commenting in jest. Accounting giant KPMG last week warned bitcoin and other cryptocurrencies not ready to be classified as real currencies and that using bitcoin as a store of value is a “fool’s errand.” They noted that there are real problems in the global financial services ecosystem that cryptoassets are looking to address. “More participation from the broader financial services ecosystem, will help drive trust and scale for the tokenized economy and help the crypto market grow and mature. Examples of crypto use cases Bitcoin, which is becoming an investible asset class like unallocated gold, has the potential to become a store of value that is natively digital, generationally relevant

a day ago

Bitcoin “Isn’t Boring”: Bloomberg Analyst Makes $1,500 BTC Call

Crypto Investor On Bitcoin: “I Didn’t Sleep Well Last Night” “Bitcoin [is] no longer boring,” declared Bloomberg analysts/journalists Vildana Hajric and Olga Kharif in a recent piece on the crypto market. And, taking a look at the current state of cryptocurrency prices, it would appear that this is the case... unfortunately. As reported by Ethereum World News on multiple occasions in recent days, BTC fell hard on Wednesday, quickly moving under the levels of support at $6,000 and $5,800 due to a number of purported catalysts and an influx of selling pressure. Many analysts and industry insiders drew attention to the Bitcoin Cash hard fork as a likely cause for this downtrend, while others pointed to an institutional sell-off. Regardless, the strong move downward, which saw the aggregate value of all crypto assets take a $25 billion haircut, happened, no matter the cause. Speaking on the unfortunate crash, Travis Kling, the founder of the recently-launched crypto-centric hedge fund Ikigai, told Bloomberg: I didn’t sleep well last night... There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market. Mike McGlone, a Bloomberg Intelligence analyst, echoed Kling’s concerns, drawing attention to the hard fork’s assumed negative effect on this nascent market. He explained that the market “got a bit too offsides” with speculative longs, subsequently noting that crypto assets remain in an “enduring bear market.” Another analyst backed up McGlone’s call for the extended duration of 2018’s bear market, predicting that BTC will stall under $1,500, a 70% drop from current levels, or more than 90% decline from the asset’s all-time high established in late-2017. And for now, unfortunately, their bearish predictions may hold credence, as cryptocurrencies have yet to show any signs of a recovery or trend reversal, even though substantial levels of volume are still present. At the time of writing, BTC is valued at $5,547 a pop, posting a 0.24% gain in the past 24 hours. However, altcoins, save for XRP and Stellar Lumens (XLM), are having it much worse. A majority of this market’s leading altcoins, like BCH, LTC, DASH, and BNB, are posting losses of more than 1%. Despite Crash, Bitcoin (BTC) Still Has A Tailwind However, arguably, there are still a number of tailwinds for Bitcoin and crypto assets in general. Venezuela’s fiscal situation, for one, recently got a whole lot worse as the Bolivar’s inflation reportedly hit 150,000%, even though regulators made moves (like the launch of the government-issued Petro Dollar) to stem rampant currency devaluation, as reported by Ethereum World News. According to Bloomberg’s Cafe Con Leche Index, a cup of coffee now costs 120 bolivars, with estimates and forecasts indicating that such an item will go four quadruple-digits in due time. While cryptocurrency adoption within the country isn’t to be scoffed at, like always, there’s still a ways to go. But, with this multi-year bout of runaway hyperinflation, it would be logical to assume that Venezuelans will seek financial solace in decentralized, anti-government, and uncensorable assets like Bitcoin. Title Image Courtesy of Andre Francois via Unsplash The post Bitcoin “Isn’t Boring”: Bloomberg Analyst Makes $1,500 BTC Call appeared first on Ethereum World News.

a day ago


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