Wanchain WAN

$0.3477
Market Cap $ 36.913 MM (#90)
24h Volume $ 3.664 MM
Chg. 24h: 6.46%
Algo. score 4.1/5  (#40)
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Wanchain News

Analysis Shows Exchanges Are Using Grin to "Print BTC Out of Thin Air"

According to Dovey Wan, founding partner of Primitive Ventures, several crypto exchanges that have already started trading the new privacy-focused Grin cryptocurrency and have effectively been using it “as a shield to print more *BTC* out of thin air with a non-solvent BTC reserve.” A closer look shows that according to these exchanges, Grin’s trading volume is more than its total supply and some exchanges started trading Grin before the first coin was minted. Wan also explained that some exchanges are shorting BTC to eventually earn real BTC from transaction fees for practically zero cost. (JF)

16 hours ago

Wanchain Teams Up with Evernym to Build Wallet That Handles Identity Management

Wanchain crypto platform partners with Evernym, the developer of Decentralized Digital Identity, to create a new type of wallet and expand crypto adoption together

a day ago

Trust Wallet Now Supports Dash

On Wednesday, Binance-owned, Trust Wallet, which supports leading virtual currencies like Bitcoin and Ethereum, announced that it had added support for Dash. Per the announcement, the wallet's users can now send, receive, and store digital currencies directly by using the mobile application. This news comes after the wallet began supporting BTC a few weeks ago. It also supports TRX, GO, POA, ETC, WAN, and VET. (VK)

a day ago

Wanchain Joins Telefónica, One of the World’s Largest Telephone Operators, Developing a Mobile Blockchain Future

Eleven Paths, a subsidiary of Telefónica, has tapped Wanchain in an effort to build a secure blockchain platform for the mobile generation. Rivetz is a security company which works extensively in the blockchain space and also plays an important role in the new effort. Wanchain is an Ethereum fork which specializes in cross-chain compatibility. With

2 days ago

Grin Mining Launch Attracts Interest from Wealthy Investors

Privacy-oriented cryptocurrency, Grin, launched earlier this week and the cryptocurrency appears to have garnered the interest of deep-pocketed investors looking to mine on the network. Eric Meltzer of Primitive Ventures wrote about Grin’s mainnet launch on his Proof of Work newsletter and he said, “There is (by our conservative estimates) $100 million dollars of mostly VC money invested into special-purpose investment vehicles to mine Grin.” Meltzer’s partner, Dovey Wan also said that it could possibly be “the most expensive genesis block one in history.” Apparently, Chinese GPU farms are already deeply involved with the network and one anonymous source said “this is the thing that comes closest to Bitcoin. In a lot of investors’ minds it kind of pattern-matches to Bitcoin 2.0.” The anonymous source also explained that there is plenty of excess GPU and data-center capacity that miners are eager to direct toward the Grin network but he also cautioned that Grin is designed to have a high inflation rate during its first few years. (RS)

3 days ago

Today, Wanchain is excited to celebrate turning one year old...

Today, Wanchain is excited to celebrate turning one year old. Our blockchain's genesis block was created exactly on… https://t.co/Sj0f0J3W4R

3 days ago

Crypto as a way of learning financial markets

Participation in crypto is exceptionally speculative, risky and unregulated. Nothing written is financial, trading or investment advice. Proceed at your own risk. Always consult a licensed professional before making any decisions. Many outsiders view traditional financial markets as complicated. Just hearing about financial markets can give average guys and gals a headache from complicated terminology, numbers and data. Dividends, earnings and shorts (not the wearable kind) all sound like gibberish to beginners. Cryptocurrency markets and traditional markets may seem equally challenging to understand. With the right point of view, however, crypto markets might actually be an avenue for financial market interest. It’s complicated Equities, bonds and commodities are three examples of tradable assets in traditional finance (these are called securities). Along with these three securities comes the ability to buy and sell. Although, buying and selling bring further complexity. For example, a trader can buy or sell options or futures on those three securities. Success is also difficult because of the high barrier of entry. Trading and investing in traditional securities is extremely competitive. According to a study referenced by Tradesociety.com, “[p]rofitable day traders make up a small proportion of all traders - 1.6% in the average year. However, these day traders are very active - accounting for 12% of all day trading activity.” Traditional market involvement means going up against professionals with decades of experience. They know the terms, they’ve studied the graphs and they are looking to make consistent gains. Trading and investing is a zero-sum game. There must be winners and losers. Additionally, trading fees can get expensive. For example, TD Ameritrade charges $6.95 per online trade. That means $6.95 to buy and then $6.95 to sell. For someone looking to learn about the markets and make small trades with $50-100 total, those trading fees would likely lead to a rapid loss of capital. (Crypto trading takes a percentage trading fee instead, which makes trading small accounts possible - more on that below.) Robinhood is an app offering free trading. Overall, Robinhood may be a viable option for beginners looking to get their feet wet. Although, very few things in life are free. According to one Seeking Alpha article, Robinhood appears “to be selling their customers’ orders for over ten times as much as other brokers who engage in the practice. It’s a conflict of interest and is bad for you as a customer.” It may be a good idea for new traders and investors to learn via paper trading (using a simulated account). A whole new level of psychological learning becomes present, however, when actual money is on the line. That’s why starting with a small amount of money might be a good idea for beginners. But crypto is also confusing Crypto is often confusing to the average person, so learning two new concepts, trading and cryptocurrency, seems like double the work. Currently, if mainstream adoption ever occurs, cryptocurrency needs to be simplified and taught to the public. Learning how to safely store crypto funds is complicated for beginners because it’s different than common money storage methods. Traders and investors holding crypto often use physical or digital storage devices called wallets. Sending funds to a seemingly random string of keyboard characters (aka - a crypto wallet address) can be difficult to grasp initially. Even the process of getting funds onto an exchange like Binance can be confusing. An example of the process could include buying bitcoin on Coinbase, a popular exchange, and then sending that bitcoin to a wallet on the Binance exchange. The person could then use that bitcoin to buy or trade other altcoins. Crypto: less confusing? Here’s a very enticing thing about crypto - it’s only been around for about ten years. Jumping into crypto at this stage means only competing against about ten years of experience. Crypto trading, on a core level, is similar to traditional markets in psychology, process and methodology. Although, it is also different. Market cycles can be faster, swings can be larger and the number of professional traders in the space might still be less than that of traditional finance. Taking into account the current U.S. traditional financial bull market, Barrons.com stated that “[t]he huge run-up in stock prices has brought the total market capitalization of the Russell 3000 Index—which covers 98.5% of the country’s market capitalization—to $30 trillion, a ‘staggering’ amount of money, according to a recent report from Bespoke Investment Group.” Cryptocurrency currently only has a total market cap of about $123 billion, according to CoinMarketCap. Involvement in crypto now could mean getting in on the ground floor of something with significant potential where the barrier of entry is still somewhat low. When starting in crypto, there is also no concept of dividends or earn

4 days ago

ChainLink Outperforms Market Through Crypto Winter

ChainLink (LINK) is one of the few tokens to have actually gained in value over the past six months, making it one of the best performing cryptocurrencies. Statistics collected by CryptoCompare, a cryptocurrency price site, show that LINK’s market value increased by 136% from $0.22 to $0.52 per token since July 19th. That may seem like a small gain, but it adds up to a $100M jump in the coin’s total value. ChainLink price performance over the past six months. Credit: CryptoCompare This puts LINK’s performance far ahead of many of the larger cryptocurrencies, most of which dropped in the same timeframe. Bitcoin (BTC) lost half its value, from $7477.50 in July to $3680.09 at the time of writing. The story gets worse with the other coins, with most falling to a fraction of their former values. Ether (ETH) is down from $468.65 to $127.95; EOS from $8.42 to $2.44; Litecoin (LTC) down from $86 to $32. Stellar Lumens (XLM) experienced a 66% hit on its value, down from $0.30 to $0.10. The best performing coin in the top-ten has been XRP, which fell from $0.48 to $0.33. A drop of just under a third, XRP narrowly beat TRON (TRX), which fell by 34%. Bitcoin Cash (BCH) was one of the worst hit, with more than 80% of its value wiped out. What is ChainLink again? ChainLink acts as a bridge between smart contracts and external data sources. Smart contracts can request relevant data from a decentralized network of oracle operators, which have access to relevant data feeds and APIs. Being decentralized means data doesn’t have to come from just one source, making it safer and less prone to manipulation. To incentivize correct and accurate data provision, operators have to stake LINK tokens when they submit data to smart contracts. ChainLink believes this will increases smart contract functionality. The project says their “blockchain middleware” allows smart contracts to securely process complex information, making sophisticated agreements on the blockchain a very real possibility. “By greatly simplifying how smart contracts can securely access key off-chain resources, ChainLink accelerates the development of increasingly useful smart contracts,” the project says in an official blog post. Why is the ChainLink Price Up? ChainLink has been quiet ever since their ICO in 2017. Crypto Briefing’s token progress report noted in March last year that although the project looked promising, its price had suffered from “abysmal marketing.” That changed in the last half of the year. ChainLink’s social media presence - once almost non-existent - has seen an uptick in activity. In the past five months, there has been a big increase in the companies - including Wanchain (WAN) - using its middleware. The project has announced 12 new implementations, covering a wide variety of different uses, such as sports and margin trading, on Twitter, since late August. ChainLink has not been immune to wider market movements; it lost value during the major wipeout in mid-November. But its losses have generally been more muted, and gradual adoption has allowed LINK to recover quickly. Whether LINK will continue its slow ascent upwards is hard to know. But the need for smart contracts integrated with real data is not one that will disappear quickly, and a strong performance may indicate a chance at actual adoption. Crypto Briefing’s CEO is an advisor to Wanchain, but was not involved in the production of this article. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post ChainLink Outperforms Market Through Crypto Winter appeared first on Crypto Briefing.

4 days ago

Rootstock Celebrates A Year Of Milestones

January 3rd marks the birthday of a young digital currency. No, not that one. While most eyes are on the Bitcoin decennial, another cryptocurrency is also blowing out a candle. Rootstock, a smart contract side chain to the Bitcoin blockchain, celebrates its first anniversary today, marking one full year in the project to integrate Ethereum-like functionality to the most famous digital currency. RIFLabs, which leads the development of the smart contract platform, marked the date with a report highlighting Rootstock’s achievements in its first year. Among these, the development team says, are 2,900 Github commits, 50 partnerships in key industries like node hosting and supply chain management, and launching the Root Infrastructure Framework Open Standard (RIF OS), which provides the software and infrastructure to streamline dApp development. Meanwhile, Smart Bitcoins (RBTC), the bitcoin-equivalent tokens on the Rootstock network, have entered trading on major exchanges like Huobi and Bitfinex, making it easier for casual users to acquire the tokens. Merge mining-the process by which mining nodes can concurrently solve blocks for both Bitcoin and Rootstock—has risen from 5% to over 40%, an eightfold increase in the security of the sidechain. In a statement, RIF Labs CEO Diego Gutierrez Zaldivar described the anniversary as another step towards greater financial inclusion: The founding motivation of the RSK Smart Contract Network was the creation of the Internet of Value, a network of networks that takes the vision and values of Bitcoin one step further.... There is still much to achieve in the years ahead, but the growth and development we’ve seen with RSK since its official launch last year is a positive message for Bitcoin, RSK, and the ecosystem as a whole despite market conditions. Old Blockchain, New Tricks As the oldest blockchain network, Bitcoin’s programming language is not Turing-complete, meaning it is unable to process the complicated repetitions and loops of more sophisticated programming languages. Although other platforms like Ethereum provide advanced functionality for decentralized applications, Rootstock represents the first effort to incorporate Bitcoin tokens directly into a smart contract. It’s not alone, though, as the past year has seen several efforts to create interoperable cross-chain protocols—most notably by Ark and Wanchain, which successfully side chained itself to Bitcoin and Ethereum last month. A third-party custodian, WBTC, also issues bitcoin-backed tokens on the Ethereum network. “There are still many technical challenges we need to overcome to achieve our goal of financial inclusion across the globe,” said RIF Labs Chief Scientist Sergio Lerner, in a statement. “I only expect our progress to continue in year two, particularly in scaling the RSK blockchain with both on-chain and off-chain improvement proposals, an improved core, and the launch of the RIF OS.” This will allow many advanced dApps to have analogs on the Bitcoin sidechain, including file storage, oracle-like data feeds, and off-chain payments. A scaling solution, described as “Shrinking Chains,” has been proposed by RSKSmart developers to allow the network to handle higher levels of throughput. The author is invested in Bitcoin and Ethereum, which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Rootstock Celebrates A Year Of Milestones appeared first on Crypto Briefing.

15 days ago

The Wanchain team wishes a Happy New Year to all of you. Enj...

The Wanchain team wishes a Happy New Year to all of you. Enjoy the time with friends and family, and best wishes fo… https://t.co/nGqRjvcGll

19 days ago

Bitmain's Large-Scale Lay-offs will Exert Significant Impacts on BCH Mining Industry, Says Dovey Wan

Dovey Wan, former managing director of Danhua Capital and founder of Primitive, commented on the previous report on the large scale layoffs in Bitcoin which could reach 85%. She said that layoffs would have the greatest impacts on BCH customers and mining industry. Besides, she also revealed that the number of people based in Beijing would be reduced from more than 1000 to around 300, and Shenzhen would be reduced from around 700 to 200. (RL)

25 days ago

Rumor: Crypto Mining Giant Bitmain May Purge 50% Of Staffers

Bitmain Could Be In Throes Dovey Wan, a prominent Asian cryptocurrency entrepreneur and insider, recently drew attention to a post on China’s version of LinkedIn (“usually very high accuracy, posted by employees themselves”) that indicates that Bitmain, the Beijing-based crypto mining giant, is ready to begin a drastic layoff. Per the post, Bitmain may begin […]

a month ago

Loopring (LRC) Protocol is Now Live on the Wanchain (WAN) Network

Wanchain (WAN), a project that focuses on enabling interoperability between different blockchains, has announced that the Loopring (LRC) protocol for decentralized exchange trading platforms is now live on the Wanchain network. The goal of the integration is to help crypto holders switch between various crypto tokens without having to relinquish control of their tokens to a centralized exchange. The Loopring protocol is also currently integrated on the Ethereum, NEO, and Qtum networks. (JF)

a month ago

Loopring's LRC Token (@loopringorg) has been integrated on W...

Loopring's LRC Token (@loopringorg) has been integrated on Wanchain, marking a new milestone towards a decentralize… https://t.co/OyUDn1K8BG

a month ago

Maker and Dai Launch on Wanchain's Mainnet

Earlier this week, Wanchain debuted a platform called Wanchain 3.0 which effectively creates a bridge between Bitcoin, Ethereum and ERC-20 tokens. Today, Maker (MKR) and its stablecoin, Dai (DAI) are now available for cross-chain transactions on Wanchain’s mainnet. An announcement from the group explained that DAI token will utilize Wanchain’s cross-chain capacity to allow users to exchange Bitcoin for DAI in a completely decentralized fashion. There is also the possibility that Bitcoin could be added as a form of collateral for DAI stablecoin. Wanchain founder and CEO Jack Lu said, “MakerDAO was the clear choice for us as we aimed to integrate the top stablecoin into our crypto finance infrastructure.” In spite of the incredible news, WAN dropped 9.5% and currently trades for $0.29116. (RS)

a month ago

Crypto Price Watch: Waves (WAVES) and Maker (MKR) Continue to Showcase Strong Market Support

At press time, around 85% of the world’s top-30 altcoins lay in the red zone, with premier assets such as Bitcoin Cash (BCH), Stellar (XLM), Bitcoin SV showcasing losses of around 10%, 5% and 6% respectively (over the course of the past 24 hours). However, in the midst of all this chaos, crypto coins such as Maker (MKR), Waves and Ethereum Classic (ETC) have continued to rally strong, with the aforementioned currencies gaining 10%, 3%, and 1.5% respectively. What’s Causing MKR to Surge? One of the primary factors that could be behind Maker’s amazing run is the fact that investment fund ‘a16z crypto’ recently bought a whopping 6% of the total MKR token supply for a sum of USD $15 million. As a result of this deal, a16z crypto now owns a tangible stake in the functional decentralized stablecoin (which bytheway makes use of formally verified smart contracts). At this point, it is also worth mentioning that ‘a16z crypto’ is owned and operated by VC firm ‘Andreessen Horowitz’. The aforementioned deal was facilitated by former federal prosecutor Katie Haun (who is now a partner at a16z). Additionally, over the course of the past few weeks, there have been other developments that too have spurred the overall adoption of MKR all across the globe. For starters, the dev team at Opera (the web browsing application) announced yesterday that they had created an all-new lightweight crypto wallet solution that allows users to ‘store and transact’ altcoins such as Dai and MKR using a pre-built extension module on the browser. Amazing to see @Opera for Android browser offer a built-in crypto wallet, allowing you to store and transact with #Dai & #MKR! No additional extensions needed, super cool. https://t.co/kZFvNOXPbo #Web3 — Maker (@MakerDAO) December 13, 2018 Lastly, MKR is also now live on the Wanchain main net. In regards to the matter, the Maker team released the following tweet: “The Dai token will utilize Wanchain’s cross-chain functionality allowing for Bitcoin to be exchanged for Dai in a fully decentralized manner” Can Waves Sustain its Amazing Run? As many of our readers may already know, over the course of the past month or so, the price of Waves has increased quite significantly (with the currency even breaking into the top-30 a couple of weeks back). However, such pump and dumps are quite ordinary within this volatile market and thus it remains to be seen if Waves can continue its amazing performance in the coming few days and weeks. We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: https://t.co/5Qp7YKTa8r pic.twitter.com/y5hsCXj2GV — Waves Platform (@wavesplatform) December 3, 2018 One of the most intriguing aspects of the Waves project is the that by next year, the dev team wants to deploy ‘atomic swaps’ into their native operational module. As a result of using this technology, the Waves ecosystem will not only be able to make asset trading much more streamlined but also make digital altcoin transfers cheaper and more secure. Some of the other key developments in relation to Waves that are worth noting include: Decentralized 2-FA: Once implemented, this technology will help usher in a new era of decentralized security since it allows for the creation of a new layer of internet privacy. Smart assets: In regards to this technology, the Waves team claims that once this feature is live in its final iteration, it will allow devs to create complex smart assets on the Waves blockchain (thus allowing traders to indulge in even more unique financial exchanges). After a month of intensive testing, #Waves team is very glad to announce we are releasing two new and related features on MainNet: Smart Assets and Smart Account Trading: https://t.co/aBypgThvKA Miners, please vote to activate these features!#WavesPlatform #Blockchain $WAVES — Waves Platform (@wavesplatform) December 13, 2018 The post Crypto Price Watch: Waves (WAVES) and Maker (MKR) Continue to Showcase Strong Market Support appeared first on NullTX.

a month ago

Wanchain (WAN) Integrates Dai Stablecoin with Updated Platform

The Wanchain (WAN) platform and blockchain protocol recently released their version 3.0 update with includes a new integration with the Dai stablecoin by MakerDAO. This integration enables users of the Wanchain wallet to convert their Bitcoin, Ethereum and other tokens in the wallet directly to Dai without the need to go to an outside exchange. Wanchain seeks to create an interoperability solution that links all blockchains, and the integration of “Dai and MKR are critical components in laying the foundation.” (JF)

a month ago

Announcing MakerDAO's Dai Stablecoin and MKR are Live on Wan...

Announcing MakerDAO's Dai Stablecoin and MKR are Live on Wanchain Mainnet, Bringing ERC20 Interoperability with Bit… https://t.co/gQp1HfcDCR

a month ago

Wanchain 3.0 Launches to Bring Seamless Blockchain Interoperability

Blockchain platform Wanchain has announced the launch of Wanchain 3.0 which will bridge Bitcoin to ETH and ERC-20 tokens. Per the announcement, Wanchain 3.0 features cross-chain transaction capacity, making it the first platform to offer seamless blockchain interoperability. Wanchain’s founder and CEO Jack Lu said this was their last milestone for 2018 and is a step towards the launch of their company. This launch follows their partnership with Chainlink to bring real-world data to the firm. (KE)

a month ago

Good morning to our friends in NZ, Australia, and Asia. Wanc...

Good morning to our friends in NZ, Australia, and Asia. Wanchain 3.0, bridging Bitcoin to Ethereum and ERC20s, is L… https://t.co/YyPt1NSPxC

a month ago

Privacy Oriented Blockchain Plans to Bridge Ethereum and Bitcoin

Wanchain CEO Jack Lu says that “Wanchain is a separate, independent, public chain” focused on cross-chain compatibility. Lu explained that Wanchain is basically an Ethereum fork with integrated privacy features, including private transactions. The blockchain uses Secure Multi-Party Computing (SMPC) to support cross-chain transactions and according to Lu, this means the SMPC will “send the Bitcoin transactions to a locked account in Bitcoin, and at the same time we will issue a token but it’s not really an issuance because we just transfer a proxy token on Wanchain to that particular user.” Lu believes that in the future, users of public blockchains like Ethereum and Bitcoin can add an additional layer of privacy and security by using Wanchain SMPC feature. (RS)

a month ago

Wanchain 3.0, bridging Bitcoin to Ethereum and ERC20s, is Li...

Wanchain 3.0, bridging Bitcoin to Ethereum and ERC20s, is Live! Our 2018 roadmap is now complete, and we're already… https://t.co/8ROiTT2nhy

a month ago

Zcash Is All Ears Over Coinbase Privacy Concerns

Cryptographic technology has advanced in 2018, bringing the crypto community closer to “privacy for everyone,” according to a recent presentation by Zcash founder Zooko Wilcox. Considering that the Zcash cryptographers “pioneered the use of zero-knowledge proofs,” with Zcash representing the first application for the technology two years ago, it’s fitting that ZEC has become synonymous with privacy. But now that Zcash has scored a listing on KYC-compliant U.S. exchange Coinbase, you may be wondering if your transactions are truly anonymous, unlike the Bitcoin protocol from which ZEC got its start. The notion that there was a tradeoff isn’t too far-fetched. Dovey Wan, who is the founding partner of crypto investment fund Primitive Ventures, said in a tweet she has asked the Zcash founder numerous times, “why not remain anonymous since inception?” and “why seek [an] enormous amount of compliance for a privacy coin?” The answer became apparent when Coinbase decided to list ZEC, which will help the currency achieve mainstream status. And perhaps the crypto community has had a shortsighted view of privacy all along. As Wilcox tweeted: Privacy isn’t about isolation — it’s about community. But with consent. You get to choose who’s watching when you let down your hair. You get to choose who’s around the table when you tell your story. Privacy is about consent. Privacy and Crypto Go Together Like Chocolate and Peanut Butter Zcash gets its privacy from the zk-SNARK technology. To appreciate how important privacy has been not only to the Zcash community but crypto in general, it helps to go back as early as 2013 when privacy was among the chief motivations for Bitcoin developers. Privacy was the defining feature in projects like Zerocoin, but the technology was too cumbersome to make its way into a vital Bitcoin upgrade. Meanwhile, at the 2013 San Jose Bitcoin conference, the scientists behind the SNARK tech met the scientists behind Zerocoin, leading to a collaboration that Zooko compared to when “chocolate goes well with your peanut butter.” The new pairing “solved the problem of transaction times,” Zooko explained in a recent podcast. Pulling a Rabbit Out of Your Hat zk-SNARKs are part of the knitting of the Zcash project, but even Wilcox once revealed that he wasn’t in the loop about zero-knowledge proofs and instead left that to his team of cryptographers. Since that time, Zcash has upgraded its mainnet to version 2.0, slashing the transaction times for zero knowledge proofs from 37 seconds to 2.3 seconds. Wilcox, the student, has become the master. zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” according to the Zcash website. It’s a proving system that adds an extra layer of privacy to the process that typically surrounds a BTC or ETH transaction, a layer of confidentiality that Wilcox suggests Satoshi might have included if SNARKs had been invented in 2008. While complex, the formula has a bit of magic to it that resembles pulling a rabbit out of a hat. The magician proves that there is no back door to the hat and then pulls a rabbit out of nowhere. You know there is a magician and a hat; even though you don’t know exactly where the rabbit came from, you can see with your own eyes that it is real. In a non-zero-knowledge-proof transaction, the BTC or ETH miner has access to the sender’s transaction history to prove that the funds are not being double-spent. But with a zero knowledge proof, the transaction is encrypted. A user presents the transaction in which they are looking to transfer some amount, but they don’t say how much. Consider the amount hidden inside a private envelope. The envelope transfers to the miner but it doesn’t say anything about the sender or the receiver. The content is hidden, but is accompanied by what Wilcox refers to as a “magic stamp,” which is the zero-knowledge proof. The miner then tests the magic stamp, which convinces them that the zero-knowledge proof is valid. If it weren’t, the sender would not have been able to produce this magic stamp. And in the end, the miner learns the meaning of “zero” behind zero-knowledge proof as they learn only the necessary information and nothing more to prove that the amount being transferred is in fact valid. Zcash and Monero Not surprisingly, Zcash and Monero, both of which are touted as privacy coins, have some key features in common. For instance, ZEC and XMR are both open source. Both coins are forks of other cryptocurrencies — Bitcoin and Bytecoin for ZEC and XMR, respectively. And both coins use mining-fueled proof-of-work algorithms for network validation — Equihash for Zcash and CryptoNight for Monero. And while the Zcash motto is “all coins are created equal,” perhaps that’s less so for privacy coins. The thing to remember about Monero is its popularity on the dark web where nefarious activities ranging from drug dealing to crypto-jacking hide. As Monero developer Riccardo Spagni once said

2 months ago

We had an action-packed month preparing for our upcoming Wan...

We had an action-packed month preparing for our upcoming Wanchain 3.0 product launch, building new integrations and… https://t.co/AVuSYci2Fj

2 months ago

Drop in Bitcoin (BTC) Mining Increasing Network Risk

Bitcoin (BTC), Cryptocurrency, Mining-As previously reported by EWN, the drop in Bitcoin hash rate which has accompanied the most recent price fall throughout the month of November has raised a debate over the cause of decreased mining, and the potential ramifications. Some Twitter users pointed to an outright abandonment of cryptocurrency mining, with drop in valuation from $6500 to the recent lof of $3500 (including nearly $100 billion wiped in market cap from all coins) as being the catalyze to spark a mass exodus in miners. Given the state of the cryptocurrency industry just one year ago, where mining rigs were in high demand and even established companies were jumping ship to join the mining craze, the end of 2018 has seen a compelling shift in attitude. A video published last week, which shows hundreds of expensive mining rigs sitting unused in a warehouse, sparked an uproar in the crypto community, with some believing the footage to be doctored in an attempt to publish more FUD at an already low point for the market. Most updated footage - After BTC crashed blow $4000... miners in China are selling S7 for 5CNY per pound pic.twitter.com/nV2Nk8lsLw — Dovey Wan (@DoveyWan) November 25, 2018 However, other outlets have vouched their support for the incidence, giving some credence that the industry of crypto mining is in decline with the falling prices. In some respect, it’s not surprise. The cost of equipment in conjunction with the amount of electricity required to mine at a profitable rate had inevitably led some once enterprising individuals to cut their losses and exit the industry. But, as many have pointed out, there could also be a general shift away from BTC at present, with the mainstay of miners seeking out more profitable coins in the interim until Bitcoin prices show a more promising outlook. For the remaining miners, the decreased competition means an increased chance of coin rewards. However, for the industry of cryptocurrency and the integrity of Bitcoin transactions, the decreased rate of mining and hash rate for the top currency by market cap also increases the network risk for attack. While the direction of the industry was, to the regret of many fans of decentralization, trending towards consolidation prior to the recent dropping hash rate, the most recent exodus has led to a worsening effect. According to data published by Bloomberg, At least 100,000 individual miners have shut down, according to Autonomous Research LLP. Fundstrat Global Advisors LLC estimates that about 1.4 million servers have been unplugged since early September. Malachi Salcido, head of Salcido Enterprises-one of the largest mining groups in North America-says that the falling profitability of crypto mining is shaking out the weak hands, but also causing a concentration of power for the remaining few, “We are entering in the phase when there’s a flushing out of the market. There will be relatively few operations that come out the other side.” Bitcoin’s network relies upon the decentralization of mining services. With hash rates falling 36 percent since their peak in August, and problem-solving difficulty down 10 percent, the conglomerate mining networks are raking in newly minted coins, but also posing an increased risk of a 51 percent attack. With less variable rigs contributing to the network’s hash rate, the opportunity for one mining group, or a coalition of miners to gain control of the service also greatly increases. Not only would controlling miners hold the lion’s share of new coins being produced, but they would also be able to influence the transaction landscape-with the ability to inflate fees, reverse specific transactions, or halt them all together. Many within the industry have pointed to the mutualism of the Bitcoin ecosystem as being sufficient to prevent such an attack. If miners put a stranglehold on transaction services, the overall usability of the platform plummets which in turn leads to fewer transactions (and fees) in addition to a falling valuation for BTC. According to this logic, miners benefit as much as users for maintaining a fair ecosystem. However, only time will tell the effects of such consolidation of power. Without true decentralization in its pocket, the appeal of Bitcoin and similar cryptocurrencies begins to fall to that of traditional fiat. The post Drop in Bitcoin (BTC) Mining Increasing Network Risk appeared first on Ethereum World News.

2 months ago

Bitcoin Miners Selling Shakes Off Gold Rush Mentality

Bitcoin (BTC), Cryptocurrency-As prices for Bitcoin continue to slip to their lowest point in over a year, with all eyes on BTC hitting $3,000, a recent inquiry into the dipping hash rate has led some to question the health of the crypto mining industry. On Nov. 25, a tweet went viral showing hundreds of crypto mining rigs essentially collecting dust-flipping the narrative on the energy hungry machines grinding away 24/7 and posing a crisis to the environment. Rather than out of a philanthropic dampening by eco-conscious owners, the formerly profitable crypto rigs were reported being sold in loads for just pennies on the dollar, a reflection of have far cryptocurrency has fallen over the last two weeks and throughout 2018. Most updated footage - After BTC crashed blow $4000... miners in China are selling S7 for 5CNY per pound pic.twitter.com/nV2Nk8lsLw — Dovey Wan (@DoveyWan) November 25, 2018 While some originally denounced the photo, claiming that it was doctored propaganda to add fuel to the dumpster fire of the crypto markets, EWN previously reported on other outlets expressing a similar experience witnessing mining rigs for sale at discount prices. With cryptocurrency prices reaching their lowest point in 2018, with no end in sight except for a possible bottoming out at $3000, newcomers to the industry and/or those looking to profit through mining alone are now closing shop-which may end up benefiting crypto in the long run. As reported by Bloomberg, the falling rate of Bitcoin’s network hash rate is a straightforward method for evaluating the computing power dedicated to the currency. Since peaking at an all time high for hash rate in August, the computing resource has fallen 24%, mirroring the slumping valuation of the coin to a lesser degree. While some of the dipping hash power is indicative of miners jumping ship in search of more profitable crypto mining, it also points to a general selling out for rig-owners who are no longer able to profit from the slumping price of Bitcoin, through a combination of costly power bills and the initial cost of purchase for rigs that were a hot commodity just months ago. According to the report by Bloomberg, “The break-even cost to mine a single Bitcoin using Bitmain’s Antminer S9 rig was estimated at $7,000 in a Nov. 16 report by Fundstrat Global Advisors, though the level is probably lower for some miners with access to cheap electricity and equipment.” The falling demand for costly mining rigs has Nvidia the hardest in the traditional sector, with revenue projections and overall outlook for the world’s largest chip manufacturer falling precipitously in the final quarter of the year. However, the dipping interest in crypto mining, particularly for those overbought on rig equipment could prove to be beneficial for the industry in the event of a recovery. Since reaching a fever pitch last December, which saw Bitcoin hit $20,000 on the tail end of a bull run, the industry of cryptocurrency has become inundated with short-term players looking to capitalize on the excitement without contributing to the overall development. No more of an egregious example exists than Long Blockchain Corp, the iced-tea making company which shifted gears to pursue cryptocurrency mining-in addition to a change in company name-following the bull run of last December. However, as crypto prices subsequently crashed, the company was forced to backpedal and find a more profitable avenue than mining, a turn of events which culminated in the corporation being delisted by NASDAQ due to low market capitalization. While investors fret over the dismal outlook for Bitcoin and altcoin prices, there could be a silver lining in the form of less scrupulous parties being weeded out of the industry. The post Bitcoin Miners Selling Shakes Off Gold Rush Mentality appeared first on Ethereum World News.

2 months ago

Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible?

There has been news going around that major mining rigs in China have shut down as a result of reduced profitability due to reduced hash rate. According to the information, many miners say they have been mining at a loss for months but can no longer afford to continue because of increased electricity tariffs due to the dry season, a key player in the Chinese Bitcoin mining industry Dovey Wan said “...Many miners are mining at loss at the current price point, now it’s more economic to turn it off and take it off from the rack to reduce cost on electricity and opex,” In order to make some profit, some miners have moved to Bitcoin Cash network while those who want to sell their equipment have to do so at a heavy loss since demand for the equipment has also reduced greatly. This story may seem true in China but the crypto community outside has dismissed it as nothing but rumors. There may be some truth in it however because miners have abandoned mining facilities in several places. The most recent was the sudden disappearance of miners in a county in Sweden leaving behind electricity bill of $1.5 million. Another mining company in the process of setting up also abandoned its facility halfway because it could not afford to pay rent. This series of events, therefore, suggest mining may be declining in profitability thus discouraging several miners, some of which have switched to other cryptocurrency networks. Prior to the shut down in Chinese cryptocurrency mining farms, the government which has not been friendly to the industry, conducted a “strict tax” inspections and check registration information to ensure maximum compliance with the tax laws. As if that was not enough, the mining farms were asked to sign an undertaking to comply with “higher standards for the company’s business real-name system,” in line with China’s laws. Since the shutdown for the inspection caused a loss of over $143,000, miners have found it hard to get back on their feet so it is not surprising that they are shutting down permanently at this time. If the price of Bitcoin does not bounce back soon, we might be witnessing more miners shutting down as the cost of mining Bitcoin is enormous and miners may not be able to pay for electricity consumption at the current rates. The post Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible? appeared first on ZyCrypto.

2 months ago

Bitcoin Mining ASICs Sold by Weight as Profits Dry Up

Bitcoin’s price rise in late 2017 gave way to a mining “gold rush” of sorts. Bitcoin ASICs, the machines used to mine the cryptocurrency, were being sold for thousands of dollars by chip manufactures. But with the ever-rising difficulty due to more miners joining the network, along with the massive price decline, it’s becoming impossible for many miners to turn a profit. Razor Thin Profit Margins Becoming Thinner The price of one bitcoin peaked at around $20,000, ushering in a new era of Bitcoin mining. The boom saw tens of thousands of Bitcoin ASICs deployed in data centers around the world, attempting to create a block and cash in on the mining rewards. This massive influx of miners forced the hash rate, and subsequently the difficulty, through the roof. Miners were earning less BTC per machine, but the price increase compensated. Miner’s fiat value per machine stayed relatively flat. However, this “honeymoon period” wouldn’t last forever. As the price started to drop, Now, eleven months since the peak, the hash rate has increased almost four times while $700 billion dollars has been erased from the total cryptocurrency market cap. The price of a bitcoin has fallen to $4,300 with no tangible end in sight. Can’t Even Keep the Lights On Miners in the ecosystem that have arguably been hit the hardest. The nature of Bitcoin mining gives miners a short time window where they can make a return on their hardware investment. Electricity costs, rent, cooling, and other overhead costs are slowing their ROI even more. Many miners are getting to the point where their income from their machines isn’t even covering the overhead costs. According to a report from F2Pool, one of the largest Bitcoin mining pools, the “shutdown price” has been hit for several older Bitcoin ASIC models including the Antminer S7, T9 and Avalon A741. For the first half of the year, the hash rate continued to rise despite the declining Bitcoin price, as it was still high enough to keep it profitable. However, the continued dips started pricing some miners out around September/October, as seen on the graph. Miners Turning Off, Selling Machines The past two months have been the longest sustained difficulty drop since the release of ASICs, and the price isn’t instilling much confidence that this hash drop will end anytime soon. Many miners are throwing in the proverbial towel, trying to sell off their miners on the second-hand market with little luck. ASICs that cost thousands of dollars just a year ago is being sold in droves for 80-90 percent less than retail. And even at those prices, many potential buyers aren’t interested in used hardware. BRUTAL: this is what’s happening now in a China based mining site .... 😨😨 pic.twitter.com/gcN4lVTyBt — Dovey Wan 🦖 (@DoveyWan) November 20, 2018 Pictures coming out of China show mining machines thrown around on the ground haphazardly outside data centers or boxed up in warehouses not being used due to lack of profitability. These pictures just seem like more bad news for the markets, however, there’s a possibility of some of these are from a flood in China earlier this year that took out several large mining data centers. The cryptocurrency markets desperately need some good news to reverse this slump, but unfortunately, it doesn’t seem like it will be coming anytime soon. What do you think about this trend in mining? Will another price spike bring back the profitability? Let us know in the comments below! Images courtesy of Blockchain.info, Shutterstock, LBN Archives The post Bitcoin Mining ASICs Sold by Weight as Profits Dry Up appeared first on Live Bitcoin News.

2 months ago

Bitcoin e Altcoins começam a semana em queda: Por que e o que esperar?

Por: Livecoins Na semana passada vimos fortes quedas no bitcoin que chegou a ser negociado abaixo de US $ 5.500. Nesta segunda (19) o preço da moeda digital continua em baixa e começou com tendência negativa. O preço quebrou recentemente o suporte de US $ 5.500 e passou a ser negociado pelo menor valor de 2018. Da mesma forma, XRP e Ethereum estão sob muita pressão de venda, acumulando perdas de 4% e 10% respectivamente. O atual sentimento do mercado é claramente pessimista e parece que o bitcoin poderia continuar caindo para US $ 5.000 nos próximos dias: Sentimento de mercado: Imagem: Alternative.me Preço do Bitcoin Houve forte movimento de baixa ​​abaixo do suporte de US $ 5.600 chegando a ser negociado agora a US $ 5.284. O próximo nível de suporte é de US $ 5.000, abaixo dele existe um espaço vago até US $ 4.400. Olhando pelo lado positivo, existe resistência em US $ 5.500, acima da qual o preço poderia se recuperar em direção ao nível de US $ 5.750. A maior resistência é de US $ 6.000. Parece que o preço pode continuar a cair no curto prazo. Preço do Ethereum O preço do Ethereum caiu durante as últimas horas abaixo dos níveis de suporte de US $ 170 e US $ 160. O Ethereum está em queda de cerca de 13% sendo negociado por US $ 155. Existe um suporte de US $ 150, abaixo do qual o preço poderia cair para o nível de US $ 130. Pelo lado positivo, existe resistência de US $ 170, acima da qual o preço poderia subir para US $ 180. Bitcoin Cash ABC vs Bitcoin Cash SV Ambas as duas moedas derivadas do Bitcoin Cash perderam valor significativamente. O BCHABC (apoiada por Roger Ver) caiu cerca de 15% e passou a ser negociada abaixo de US $ 250. O BCHSV (apoiada por FakeToshi) entrou em colapso e caiu cerca de 30% para US $ 90. Outras altcoins XRP, a segunda maior criptomoeda do mercado em capitalização seguiu o caminho do bitcoin e perdeu 5% de valor. Atualmente está sendo negociada por US $ 0,475. Muitas altcoins perderam bastante valor e registraram perdas entre -15% -20%, incluindo LRC, ICX, WAN, AION, ELF, SRN, VET, IOST e MKR. Destas, o LRC caiu 18% e o ICX caiu 17%. Resumindo, o bitcoin e outras altcoins avançaram em direção ao núcleo da terra. O bitcoin talvez continue a cair para US $ 5.000 e, se os traders não conseguirem defender mais perdas, o preço poderá cair. Da mesma forma, o Ethereum deve ficar acima do nível de US $ 150 para evitar uma queda em direção a níveis de US $ 130 um futuro próximo. O que está acontecendo com o preço do Bitcoin? O preço do bitcoin caiu drasticamente na quarta-feira (14) à noite e na manhã de quinta-feira (15), quebrando o padrão de baixa volatilidade visto nas últimas semanas e meses. Dados do Coinmarketcap revelam que a capitalização de mercado do bitcoin caiu abaixo de US $ 100 bilhões pela primeira vez desde outubro de 2017, enquanto o valor de todo o mercado de criptomoedas caiu de quase US $ 210 bilhões, para US $ 167 bilhões. Ainda é cedo para dizer com certeza absoluta a razão por trás da recente queda, mas alguns especulam que a principal razão da volatilidade é o controverso hardfork do Bitcoin Cash. O que os especialistas do setor estão dizendo Mati Greenspan, Analista de Mercado Sênior da eToro, uma das maiores plataformas de negociação: “Três fatores estão contribuindo para a queda no preço do Bitcoin. Primeiro, o hard fork do Bitcoin Cash está se transformando em uma corrida armamentista entre os mineradores de bitcoin. Pode não ter impacto direto no preço, mas é algo que as pessoas estão preocupadas - há um temor de que os mineradores possam estar desviando o poder de mineração do bitcoin para o Bitcoin Cash. No entanto, o bitcoin tem uma taxa de hash mais que suficiente para manter sua taxa de transação. Outro fator que contribui é o selloff em ações de tecnologia, que pode estar tendo um efeito em cascata no mercado de criptomoedas. Finalmente, do ponto de vista da análise técnica, como o preço do bitcoin caiu abaixo de US $ 6.000, estamos vendo uma liquidação: as ordens de stop loss sendo executadas automaticamente e / ou pessoas tentando evitar mais perdas.” Marshall Hayner, fundador da Metal Pay, uma empresa de pagamentos e recompensas baseada em blockchain: “Para deixar claro, a queda provavelmente indica o fato de que os mais recentes especuladores de criptomoedas estão pulando fora das expectativas de curto prazo que dizem que haveria uma corrida de touros até o final do ano, muitos estão tirando suas fichas da mesa. Uma das principais conclusões desse declínio mais recente é a necessidade contínua de liquidez, que provavelmente será encontrada no futuro amadurecimento da indústria, esperançosamente na forma de adoção pelos consumidores de varejo em suas atividades cotidianas.” Donald Bullers, representante norte-americano da Elastos, desenvolvedora de um sistema operacional: “É seguro dizer que a divisão do Bitcoin Cash está provocando incerteza entre os investidores cripto, e os preversores dos mercados tradicionais e cripto previram um prolongado

2 months ago

A Blockchain Scam in China's Guizhou Province Defrauded Investors of More than 100 Million RMB

According to China’s local news of Gui Zhou Province, a firm called Tai Wan Mei Blockchain Investment Firm has defrauded more than 2,000 investors on the promise that they would distribute profits based on the accumulated points that the investors have earned and the company would go public soon. But later the employees all ran away with the money totaling more than 100 million RMB. It is reported that the victims of this scamming incident are mainly from Guangxi, Guangdong and Sichuan Province.(RL)

2 months ago

Wanchain (WAN) Partners with Digital Asset Management Provider Formosa Financial

Wanchain (WAN), a platform that enables financial transactions between blockchains, recently announced a partnership with Formosa Financial, a one-stop platform for the management of digital assets. The partnership gives Wanchain access to Formosa Financial’s digital asset services, increasing its overall value as its applications continue to seek more efficient, safe and customizable asset management strategies. Formosa Financial seeks to use Wanchain's cross-chain payment functionality to advance its goals of making banking and financial services widely accessible to the blockchain industry. (JF)

2 months ago

What Is Wanchain? Introduction To WAN Token

What Is Wanchain? Wanchain is a cross-chain blockchain infrastructure designed to facilitate asset transfers and host dApps for the financial industry. From investments to banking, payments, and more, Wanchain hopes to replace legacy banking systems around the globe with blockchain-based solutions using Wancoin, the proprietary cryptocurrrency of Wanchain. Cryptocurrencies in general are often...

2 months ago

Formosa Financial partners with Wanchain for cross-chain asset access

CryptoNinjas Formosa Financial, a one-stop treasury management platform for crypto-assets, recently announced a partnership with Wanchain, the distributed financial infrastructure powered by cross-blockchain smart contracts with privacy protection. This alliance with Wanchain will enable Formosa Financial... Formosa Financial partners with Wanchain for cross-chain asset access

2 months ago

The Blockchain Startups You Need To Hear About

It’s safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. It’s exciting to be a part of, and it’s an industry that is going to be cooking for many, many years to come. American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites. Blockchain technology does not just mean cryptocurrency, therefore some of the mentioned projects are focusing on many other aspects of blockchain technology. Remember that this is opinion based and we are by no means telling you to invest in these projects, at the very least though, it’s exciting to explore. According to American Inno: “Blockchain startups have raised nearly $4 billion in VC in 2018 to date, a 280% increase from last year’s record pull. And blockchain extends way beyond the crypto space, infiltrating a variety of industries from healthcare to media. To shine a spotlight on the blockchain innovation that’s happening across the Inno network, we asked our writers to offer up a local startup in this space that’s caught their eye.” Factom Factom is a project that already hosts a tonne of value, around $500 million worth to be exact. Factom has been backed by Tim Draper, which in turn is helping to draw a lot of attention to this project, according to American Inno: “Factom, which has backing from Tim Draper, has landed contracts to protect data housed by the U.S. Border Patrol, the Department of Homeland Security and the Bill and Melinda Gates Foundation. Factom’s other co-founder, Jack Lu, also launched Wanchain, which has landed millions in Ethereum and provides cross-blockchain functions.” What is Factom? Well, according to the Factom website: “At Factom, we make the world’s systems honest and build trust between organizations, people and institutions today, solve hard problems through the utilization of Factom’s Blockchain. We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the world’s wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.” Coinigy Coinigy is a brand new crypto portfolio management, according to American Inno: “A cryptocurrency startup in Milwaukee called Coinigy gives crypto traders the tools they need to buy, sell and manage their portfolios. Users get access to data on more than 40 exchanges and the ability for users to trade on nearly 20 exchanges. Though the company was founded in 2014, it just launched its mobile app in May to let traders trade on the go, and now has upwards of 80,000 users, roughly half of which pay about $20 per month for the product. And the founders say revenue has grown 300 percent year-over-year, which is pretty impressive.” And, according to the Coinigy website: “Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making. We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry. We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.” Block.one You’ve probably heard of these guys. The last of American Inno’s recommendations that we wish to touch upon is Block.one, the startup behind the EOS project. All things considered, it’s pretty clear why Block.one are quite a big deal and why we believe they are still one to watch. According to American Inno: “The maker of the world’s fifth most valuable cryptocurrency expanded its footprint in a major way this year. The blockchain company, which has offices around the world and was founded just a couple years ago, moved into its own 30,000-square-foot building in the Virginia Tech Corporate Research Center in October. Block.one created EOS, which raised $4 billion in an initial coin offering, and it’s backed by Peter Thiel — making it by far Central Virginia’s biggest blockchain startup.” Now, as stated, we’re not telling you that these are the projects to invest in, however we do believe it is worth your while looking into them and doing some further research. Each example is exploring a very unique area of blockchain technology, yet together, all these projects are working together to bring blockchain technology to the mainstream. They are doing great things for themselves, their investors and the entire blockchain adoption movement. googletag.cmd.pus

2 months ago

Ethereum’s MetaMask Wallet Shares the Mobile App Release at DevCon

CoinSpeaker Ethereum’s MetaMask Wallet Shares the Mobile App Release at DevCon First launched in 2016, Metamask has only been accessible through browser extensions on Chrome, Brave, and Firefox and was restricted to mobile users. This meant that it worked like a bridge between normal browsers and the Ethereum blockchain. The browser extension is mainly popular amongst Ethereum and ERC-20 users due to its simple user interface and its ease to handle decentralized applications (dApps) requests. For many years, MetaMask users have been asking for a mobile client of the wallet, as the vast majority of Ethereum users have started to rely on MetaMask as the main ETH and token wallet. During this major conference, hosted by Ethereum Foundation, the founder and CEO of ConsenSys, Joseph Lublin, finally announced the launch of the mobile user interface. He also wrote at his Twitter page: “The @metamask_io mobile app was just announced at #Devcon4! Everyone’s favorite #Ethereum browser extension is coming to your phone. The team is focusing on not being ‘just a wallet’, but a portal to the world of all things #blockchain.” Metamask Mobile, lays on the industry belief that mobile phones are more secure than desktop computers due to their architectural designs. Most cryptocurrency users already have a preference for mobile wallets and this will enable users to have full control of their funds. Although, users will have to take responsibility for their private keys (or passwords). Storing that on a cloud seems now pretty insecure. MetaMask communicates with the Ethereum ledger through a system called Infura. This means that it trusts other computers to keep it up to date with the Ethereum network. Full node systems are generally preferred to systems that involve trusting middlemen like Infura. The added feature that is bundled with Metamask mobile is the dApp support. With it, users can interact with different decentralized applications that they couldn’t do. The mobile client will be able to function as a dApp browser or a “Google Play Store for dApps.” Also on MetaMask mobile, users can run various dApps such as CryptoKitties by connecting the wallet to the dApp to seamlessly process information on the Ethereum mainnet. Some dApps you can also explore are Digital art, where auctions are held and users can buy and sell unique collectibles. Also, there is, built by gamers, Blockchain arcades where gamers can use Ether and tokens to enter video game tournaments. Metamask Joining The Big dApp Company Until now, there were only several dApp browsers available on the market, including some backed by large organizations. In July, leading cryptocurrency exchange Binance, bought the Trust Wallet, a secure and intuitive mobile wallet that supports Ethereum’s ether (ETH), GoChain (GO), Wanchain (WAN), Ethereum Classic (ETC), POA Network, (POA) VeChain (VET), and TRON (TRX). Coinbase also has its own cryptocurrency wallet and dApp browser, the Coinbase Wallet that is set to also support other popular cryptocurrencies like bitcoin, bitcoin cash, and litecoin. Earlier this year, Opera introduced a mobile browser for Android devices with a built-in cryptocurrency wallet. A version of the wallet has been added to its desktop browser. In July, Metamask announced its removal from the Chrome Web Store, the reasons for which were not explained. Several hours later, it was listed again. While MetaMask was delisted, an Ethereum-based prediction market protocol Augur, which recently got under fire for speculating on death benefits, warned users to not download the MetaMask extension that was actually present in Google Chrome’s store, as it was a fake application. Even though it got listed only few hours after, there never came an explanation for this event. Ethereum’s MetaMask Wallet Shares the Mobile App Release at DevCon

3 months ago

This week in Crypto: Elon Musk, Bakkt, Tron, China, Coinbase, Binance, Bitcoin and XRP

Quite a lot happened this week with the cryptocurrency market still struggling to maintain a steady price and not going up much. This is a roundup of activities in the crypto space for the week 21 to 27 October 2018. Elon Musk’s Tweets Bitcoin On Monday, Elon, who is the CEO of Tesla and founder of SpaceX, shot out a tweet stating that he loved anime. He then followed it up with a nice anime image with a huge Bitcoin logo on it. The tweet read, ”Wanna buy some Bitcoin?” The tweet went viral and attracted various influential Twitter users, the founder of Binance, Zhao Changpeng joined the thread and offered to buy a Tesla car if the company can accept crypto payments. Bakkt Sets Launch Date For Bitcoin Futures The plan to launch a platform to attract institutional investors into the cryptocurrency industry is no longer news. No date was announced for the official launch from the start though. This week, Bakkt announced through a notice released by its parent company Intercontinental Exchange that the official launch of its Bitcoin futures will be on 12 December 2018. The notice which was dated 22 October said: “ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on Wednesday, December 12, 2018. The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt LLC, ICE’s Digital Asset Warehouse, and will be cleared by ICE Clear US, Inc.” Bakkt’s Bitcoin futures launch is one of the milestones expected to turn the fortune of Bitcoin around before the year runs out. Tron This week, Tron’s Justin Sun donated $3million to Binance to support Blockchain Foundation charity, a gesture that was well appreciated by the company. The donation may not be unconnected with the recent agreement between Sun and CEO of Binance to work together in promoting the use of blockchain. Tron has also made some progress this week with its gaming dApp Tronbet hitting a high of 200 million TRX in payouts. The company is also spearheading the complete decentralization of the internet with its revolutionary web 3.0. Following the launch of its “Tronlink” users can now access the Tron blockchain via their browsers. With these new products, it is not surprising that the company intends to dominate the content industry with more products to come. China A Chinese court, Shenzhen Court of International Arbitration this week officially ruled that merchants in China can accept Bitcoin as a means of payment in the country. According to a report, part of the ruling stated that: “CN law does not forbid owning & transferring bitcoin, which should be protected by law because of its property nature and economic value.” Finally, crypto enthusiasts and investors in China can carry BTC freely and even use it as a means of payment. What a progress. Coinbase Coinbase exchange is to announce its first Initial Public Offering (IPO) soon. This announcement was contained in a tweet within the week. According to a report by Cointelegraph, details of the IPO were scheduled to be released on Friday 26th. The company has also been authorized to offer custody services for all the top cryptocurrencies. Coinbase had earlier been ranked as the safest crypto exchange in the world, which may be why the New York State Banking Law could trust its Coinbase Custody with huge funds of users. The exchange also added USDC token to its list of supported tokens this week. Binance It seems Binance is serious about its charity ambition as the world’s largest crypto exchange launched a blockchain donation portal at UN conference in Geneva within the week. Justin Sun had made a donation to this cause at the same conference. Meanwhile, Binance also announced that its Trust Wallet now supports Tron (TRX) as one of its crypto assets. The wallet which is supported by both Android and iOS devices currently supports Ethereum (ETH), GoChain (GO), POA Network (POA), Callisto (CLO), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET), TRON (TRX) and all ERC20, ERC223 and ERC721 tokens. Bitcoin Despite the unstable market, Bitcoin (BTC) showed a lot of stability this week. The stability was so strong that Bitcoin went up by 1% within the week while Dow and Nasdaq went down. Safe to say Bitcoin is less volatile than the two! Another big thing, a brand new token to be launched on the Ethereum blockchain is to be fully backed by Bitcoin. The token is to be launched with support from Kyber Network, Republic Protocol and BitGo. Some Ethereum-based projects have also pledged their support to ensure adoption of the token when it is released. This is a big step for Bitcoin that will help to renew its relevance in the everchanging crypto space. Ripple (XRP) Ripple report for the third quarter of 2018 revealed that sales have doubled within the quarter, selling up to $163 million in XRP during the time. This figure roughly doubles the Q2 total sales of $73.53 million, suggesting that market vo

3 months ago

TRON (TRX) is Now Supported on the Trust Wallet Backed by Binance

In an announcement on the 26th of October, the team at Trust Wallet informed the crypto community that they had added support for the Tron (TRX) blockchain. All users of the wallet can now access and store TRX on the multi-coin wallet that is available on iOS and Android. As the wallet evolves with time, it currently supports the following digital assets: Support for Ethereum (ETH), GoChain (GO), POA Network (POA), Callisto (CLO), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET), and TRON (TRX). All ERC20, ERC223 and ERC721 tokens. Planned support for Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCC) by end of the year The addition of Tron (TRX) is a step in the right direction for both the Tron and Trust Wallet projects. TRX is one of the most popular digital assets with its blockchain having over half a million accounts at the moment of writing this. In terms of daily transactions, the Tron blockchain has exceeded those of Bitcoin, Ethereum and XRP on an individual basis. Backed By Binance The cryptocurrency exchange of Binance acquired the Trust wallet back in July this year to provide better service and to enhance the safety for all users of the exchange. In the announcement about the acquisition, the team also added the following plans of its use it with the future Decentralized Exchange by Binance: The acquisition of Trust Wallet will add an on-chain mobile wallet to the list of Binance services with other future integration possibilities. The Trust Wallet brand and team will retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance, including the broad user base and the upcoming DEX. What are your thoughts on the Trust Wallet adding support for the Tron Blockchain? Please let us know in the comment section below. [Image courtesy of medium.com/@trustwallet] Disclaimer: This article is not meant to give financial advice. Any 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 TRON (TRX) is Now Supported on the Trust Wallet Backed by Binance appeared first on Ethereum World News.

3 months ago

Tron [TRX] Aiming for 1 Million Daily Transactions while Binance-backed Trust Wallet Adds Support

Currently, in the green, Tron (TRX) recently reached 901,408 daily transactions while the address growth is on a constant rise. Meanwhile, Binance-backed Trust wallet adds support for Tron while Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH) will be added by end of the year. Tron Progress In the past 14 days Tron network is constantly making progress as evident from the fact that a couple of days back, it achieved 901,408 daily transactions. Tron daily transaction, Source: https://tronscan.org/ With a 2.07 percent rise, Tron is trading at $0.0234 at the time of writing. Reaching 3557086 block height, the online nodes are also making its way to 1000 at 865. Meanwhile, the 11th ranked cryptocurrency’s address growth is also on a rise with total accounts at 531809: Source: https://tronscan.org/ Tron is also popular on Twitter as CoinTrendz shares the top mentions: Top 10 Mentions on Twitter in the last hour - $TRX $BTC $ETH $XRP $LTC $NEO $ADA $XLM $EOS $BCH pic.twitter.com/EORPnhx6ap — CoinTrendz.com (@CoinTrendz) October 27, 2018 Another positive news came into the form of Trust Wallet adding support for Tron blockchain as the official announcement reads, “Today we are proud to announce our integrations with TRON(TRX). All Trust users will now have access to TRX coin in the multi-coin wallet — on iOS and Android — and we are very excited to welcome new users into the Trust family.” Binance-backed Trust Wallet currently supports Ethereum (ETH) and all ERC20, ERC223, and ERC721 tokens, along with GoChain (GO), POA Network (POA), Callisto (CLO), Ethereum Classic (ETC), Wanchain (WAN), and VeChain (VET), and TRON (TRX). Furthermore, support for Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH) will be added by end of the year. The post Tron [TRX] Aiming for 1 Million Daily Transactions while Binance-backed Trust Wallet Adds Support appeared first on Coingape.

3 months ago

Binance-Backed Trust Wallet Expands with Support for Tron (TRX)

Trust Wallet, which describes itself as an Ethereum and ERC20 wallet, has expanded to include support for Tron (TRX). According to the announcement, which was tweeted by Trust Wallet backer Binance: “Trust users will now have access to TRX coin in the multi-coin wallet — on iOS and Android — and we are very excited to welcome new users into the Trust family.” In addition to TRX, Trust Wallet supports ETH, GO, POA, CLO, ETC, WAN and VET. Trust Wallet also has plans to add support for leading cryptocurrencies BTC, LTC and BCH by the end of the year. (GT)

3 months ago

Blockbuster ICOs Fail to Deliver High Returns, Says Co-Founder of Crypto Asset Fund

While blockbuster ICOs may receive a lot of hype, they fail to generate the highest returns for investors, according to Dovey Wan, the co-founder of crypto asset fund Primitive Ventures. Wan tweeted: “We surveyed major ICOs and found - large raises never mean high return.” Wan fell short of identifying the deals that she used in the study, but separate industry research has revealed that many of last year’s ICOs including Sirin Labs have failed to maintain gains in the crypto market this year. Wan recommends running a “lean” operation. (GT)

3 months ago

New Research: Large-Raise ICOs ‘Never’ Deliver Returns

If an ICO raised “large” amounts during its token sale, it means the returns to investors are “never high,” according to new research published October 25. Big Investment, Small Dividends The results of a survey by cryptoasset investment fund Primitive confirm that investors choosing to send money to ICOs should, in fact, look for those which plan to raise smaller - not larger - amounts. “We surveyed major ICOs and found - large raises never mean high returns,” Primitive co-founder Dovey Wan commented on Twitter uploading the data. [A] War chest may buy superficial ‘traction,’ like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors. We surveyed major ICOs and found - large raises never mean high returnsWar chest may buy superficial “traction”, like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors pic.twitter.com/tqMQpdPc5j — Dovey Wan (@DoveyWan) October 26, 2018 What’s In A Market Cap? While Wan did not initially reveal which ICOs had constituted the data, the results continue recent negative publicity for the sector, which has seen losses this year often making headlines. As Bitcoinist reported in September quoting data from monitoring resource Diar, some of the biggest ICOs of 2017 have since lost the most money relative to their starting capital. A list of the industry’s “top ten losers” placed Sirin Labs at number one, the project’s market cap dropping from $158 million after the ICO to just $17 million now - a loss of 89 percent. Paragon, Bancor, and Kin also fared disastrously, shedding 96, 52 and 53 percent of their market cap respectively. However, while the total figure for ICOs being “underwater” this year has passed 70 percent, market sentiment has since turned away from pure capital, Diar notes, due to the very nature of many of the projects behind fundraising moves. “And with tokens having no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation,” it summarized. What do you think about the latest ICO returns data? Let us know in the comments below! Images courtesy of Shutterstock The post New Research: Large-Raise ICOs ‘Never’ Deliver Returns appeared first on Bitcoinist.com.

3 months ago

CryptoCurve Announces Integration with ICON, AION and Wanchain Blockchain Platforms

The CryptoCurve ecosystem recently announced plans to expand its integration at the protocol level to the Aion and ICON blockchain platforms, fully integrating with all member platforms of the Blockchain Interoperability Alliance, which also includes the Wanchain (WAN). Through the integration, users of the CryptoCurve platform will be able to benefit from the scalability and interconnectivity that the other alliance members provide. The goal of the Blockchain Interoperability Alliance is to promote interconnectivity between isolated blockchain networks. (JF)

3 months ago

CryptoCurve To Fully Integrate With Aion And ICON

A project with ambitions to become the world’s leading tools provider for front-end blockchain designers will fully integrate with the ICON (ICX) and Aion (AION) blockchains. Blockchain product and service provider, CryptoCurve, announced on Tuesday that it had expanded its protocol to both the ICON and AION ecosystems. The project hopes to be fully compatible with Aion by the end of the month, with development set to begin soon on ICON integration. The CryptoCurve platform is looking to offer multiple products and services that it hopes will encourage more people to use Distributed Ledger Technology (DLT). A spokesman from the project said CryptoCurve’s products are designed to help bring down barriers to entry: “Our goal is to make it convenient for everyday people to interact with their digital assets regardless of the platform they are hosted on”, she said. Today’s news means Curve wallet users will one day have access to the ICON and Aion platforms. The wallet is it’s flagship project. As well as allowing users to store their virtual currency, it can also be used to trade different assets as well as manage their portfolio. “Wallet applications will be an essential part of increasing adoption of blockchain, and CryptoCurve is bringing new, innovative technology to the space”, said Matt Spoke, Founder of Aion Network. Both ICON and Aion are blockchain networks dedicated to greater interoperability between different blockchains. Based in Korea, ICON is designed to connect different sidechains together to foster greater cooperability. Aion is a platform for different unconnected platforms to transfer value and data to one another; its mainnet launched at the end of April. Straight outta Wanchain. CryptoCurve is still in the development phase, having only released its Curve wallet into beta. It is also building its own sidechain development kit (SDK), giving developers access to standardized tools. The project will at some point launch its own blockchain startup accelerator, Curve Labs. The project was one of the first to come out of Wanchain’s (WAN) blockchain startup accelerator, the WanLabs Initiative. The two companies are now in partnership. CryptoCurve services are designed to be fully interoperable with the WAN network. Investors interested in the CURV token (CryptoCurve’s utility token) public sale will need WAN to participate. “Interoperability is in our DNA as a company,” explained CryptoCurve Founder and CEO Joshua Halferty. “Our longstanding partnership with Wanchain has helped us build our applications to be natively interoperable, and this new integration with Aion and ICON will open a lot of new doors for us in terms of scaling and expanding our ecosystem for our users.” CryptoCurve Is Now Fully Integrated With The Blockchain Interoperability Alliance Wanchain, ICON, and Aion are all members of the Blockchain Interoperability Alliance, an association that promotes increased interconnectivity between otherwise separate networks. Today’s news will mean CryptoCurve applications will be fully compatible with each of the member projects. “This new integration makes the CryptoCurve ecosystem the common denominator among the members of Blockchain Interoperability Alliance,” said Halferty. Tribalism once proliferated in the space, especially during the extended bull run last year. This has died off as the prices have sunk. Many projects are now looking at ways to collaborate and complement one another. CryptoCurve’s wallet integration with ICON and AION, as well as already with Wanchain, will encourage front-end designers to create products compatible with all three networks. “CryptoCurve is a key entry point to the Wanchain ecosystem,” explained Jack Lu, founder of Wanchain. “From the internet world, we know how important front-end applications are for mass adoption, and the same thing is true for blockchain.” A CryptoCurve ball indeed... Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets. Decentral Media’s CEO is an advisor to Wanchain, and was not involved in the creation of this article. The post CryptoCurve To Fully Integrate With Aion And ICON appeared first on Crypto Briefing.

3 months ago

Theia Wallet Announces the Beta Test of Version 1.0, Supports Bitcoin

In a press release, Theia wallet has announced that the beta test of version 1.0 is open. This version will support Bitcoin public chain. Theia wallet is a multi-crypto wallet based on the cross chain technology of Wanchain. The wallet already supports Ethereum and Wanchain tokens. Jin Huayue. The founder of Theia, Jin Huayue has said that they emphasise on technology and real value. Additionally, he stated that they would be expanding and improving the functionality of this nascent technology by exploring more possibilities in the future. (KE)

3 months ago

Bibox Co-founder Sues Former Right-Hand Man For Ownership

Bibox exchange co-founder, Wang Wan Lin has filed a legal lawsuit against his former right-hand man, Wei Liu. Wang hired Liu to form a new venture called Investre Network, with him and his business partner Yang Han Chao as the sole managing members and shareholders. However, Liu named herself as the sole managing member and shareholder. After Liu was fired last July, she removed everything about Wang from the company's website and claimed to be the Business Development Director of Bibox, and Founder and CEO of the Investre Network. Bibox saw a volume of $196 Million in the last 24 hours. (VS)

3 months ago

Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders

Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace. Also read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering This Year’s Underperforming Coins Have Fared Worse Than You Think It’s easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have appreciated in value or, at the very least, have outperformed bitcoin. Taking a magnifying glass to 2018’s altcoin dunces makes for a productive exercise; not to revel in the misfortune of others, but for educational purposes. “I bought the ‘dip’ a dozen times this year,” one Redditor complained recently. “Went down after each time.” Another remarked: “I’ve lost 95 percent of 25k and have been buying all the way down.” The “hodl” meme that prospered in 2017, helping traders through “China bans bitcoin” FUD and other negative news cycles, has largely been abandoned now that hodling has been proven to be a disastrous strategy for anyone heavily invested in altcoins. The BTFD (Buy the F- Dip) meme has also waned, as traders have learned that in many cases the dip is often merely a precursor to a series of even lower dips. Lesson 1: There’s a Big Difference Between a 90% and a 95% Loss Wanchain (WAN), one of the more established cryptocurrency projects, is down 90 percent from its all-time high (ATH). The helpful break-even multiple column provided by Onchainfx shows that WAN would need to do a 10x to reach its previous ATH. Icon (ICX) is down 95 percent in comparison. On paper, it may sound like ICX has fared only marginally worse than WAN, and yet it would take a 20x multiple for icon to reach its former peak of $12.04 per token. The worst performers of 2018 by break-even multiple, according to Onchainfx Lesson 2: Don’t Trust the Market Cap of Forked Coins Market cap, or the number of coins in circulation multiplied by price per coin, is a notoriously crude yardstick, but it’s particularly bad when it comes to forks. Coins like bitcoin private and bitcoin diamond have market caps calculated by the number of BTC holders who could technically claim the forks. But in reality, the vast majority of bitcoiners have no interest in these minority forks and will never bother to obtain them, making their true circulating supply and market cap significantly lower. Bitcoin atom (BTA), for example, has a market cap of $4.67 million. Its 24-hour volume is less than $15,000, however, and BTA is down 99.98 percent for the year to date, according to Coincodex. Another coin with a supposedly high market cap, ignis, is down 99.66 percent this year, despite technically having a cap of $30 million. Ignis has fallen so far, its yearly chart appears to be dead after March. Lesson 3: There’s No Such Thing as a Price Floor Just because an altcoin is down more than 90 percent doesn’t mean the road to (partial) recovery is in sight. Many traders racked up huge losses this year — not from buying at the top, but from buying at what they believed to be the bottom. As one trader confessed: I bought bitclave (CAT) on exchange at ICO price thinking wow a shitcoin finally at ICO ... then it went -99% on me. As one can see in Telegram channels that share the collective salt of crypto investors, everyone’s portfolio is underwater this year. It’s just that some have shipped water at a much faster rate than others. In the case of leading cryptocurrencies such as bitcoin core, bitcoin cash and ethereum, the vast majority of investors didn’t purchase these assets at their ATH. Anyone who held BTC or BCH a year ago, for instance, would still be up on their investment by around 30 percent. The markets aren’t nearly as gloomy as crypto’s worst critics would suggest — except in the case of traders who got carried away and diversified into risky altcoins and ICO tokens during peak mania. “I had a dream of making so much I could retire. I thought it was a once in a lifetime opportunity to make tons of cash and I was worried about missing out so I took a huge risk,” one investor recently confessed. “Life has humbled me. I’m an idiot.” Do you think altcoin investors will be shrewder in picking their portfolios in the future, or will the lessons of 2018 be promptly forgotten when the bull market returns? Let us know in the comments section below. Images courtesy of Shutterstock, Onchainfx, and Blockmodo. Need to calculate your bitcoin holdings? Check our tools section. The post Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders appeared first on Bitcoin News.

3 months ago

Is Delta Direct Really Just A Blockfolio Signal Copycat?

With investors scattered all over the world, communication is essential in the cryptocurrency sector. Companies in the space want news about them to be accurate and fair. Teams update followers through a variety of different media, but these can become vulnerable to fake news. Now some have started using new channels to directly communicate updates to their investors and followers. For Nicolas Van Hoorde, the week has been a trial. He is the co-founder of the cryptocurrency portfolio application Delta, which successfully launched its news feed service earlier this week. Known as Delta Direct, the integrated feature allows projects to announce developments directly to followers and investors. Direct acts as a news aggregator; it pulls together posts from teams’ official Medium blog as well as their activity from Twitter and other social media platforms. Van Hoorde said in a statement at Direct’s launch that projects would be able to provide accurate updates, free of spin, and build bonds of trust between teams and their investors. “We believe that in this current state of [the] market, token teams need to be empowered to communicate with their stakeholders,” he said. “With Delta Direct we also want to counter misinformation about projects.” What’s the difference between Delta Direct and Blockfolio Signal? Delta isn’t the only platform around offering a news service. The Direct feature is very similar to the Signal service offered by the rival price-tracking application, Blockfolio. Launched back in May, the feature also enables investors to be updated by their token teams through notifications and a rolling news feed. Blockfolio created Signal because it wanted to improve trust in the community with a channel for teams to send ‘signals’ directly to their token holders. “Signals come straight from the token team leadership, free of the noise and toxicity that we so often see in the current communication channels used by the global crypto community,” Blockfolio CEO Ed Moncada, said at the time. Direct had been originally slated for release on Monday, but an unforeseen bug in the Android update pushed back the launch until Wednesday. Van Hoorde spoke to Crypto Briefing just after the successful launch. He said that despite strong similarities there were nonetheless differences between Delta Direct and Blockfolio Signal. Van Hoorde explained that Delta itself placed no restrictions on projects using their news aggregator. Whereas Blockfolio controls and edits the content posted on Signals, Direct doesn’t. This allows traders to access updates from any of the projects they follow. “It’s not our place to decide what the user should see”, he says over the phone. He admitted that not all of the projects using Delta would be legitimate; another Bitconnect could sign up and use the service tomorrow, he said. “We’re taking a different stance with Direct”, said Van Hoorde. “We don’t put restrictions; we’re more in line with decentralization”. “We’re not trying to act like an overarching god,” he added. Back at Blockfolio, where the team was busy celebrating a new $11M round led by Pantera on Thursday, Ed Moncada was circumspect about the different approaches the two teams have taken to arrive at similar solutions. “Bitcccccoooooooonnnnnnnnnneeeeeeeeeeeccct!!! ....... are the types of projects we hope NOT to see using Blockfolio Signal,” he told Crypto Briefing in an email. “We chose to roll out Blockfolio Signal in a responsible manner and in a way that builds trust within the cryptocurrency ecosystem. Just like a company culture is heavily defined by its early employees, we believe that a product culture is similarly shaped by its early participants. I want to be clear that the token teams on the Blockfolio platform ultimately control their own content and we are 100% committed to making it available to all token teams in the near future. Ultimately, we really want to be responsible about how we roll it out.” Crypto fake news Misinformation has long permeated the cryptocurrency space; it leads to sharp price swings. Dogecoin (DOGE) shot up amidst reports that the project would begin cross-chain development with the Ethereum platform, at the beginning of September. Whilst ‘Dogethereum’ later turned out to be false, the story was reported on by various media outlets. The ensuing hype led to a $400m surge in the total value of DOGE. Also in early September, unnamed sources told Business Insider the investment bank Goldman Sachs was scrapping its BTC trading desk. It was already too late by the time the bank’s Chief Financial Officer (CFO), Martin Chavez, claimed the rumours were unsubstantiated; approximately $50bn was wiped from the market’s total value in less than a week. Probably because it has been running for longer, there are more projects available with Blockfolio; although neither service can be used for updates on major projects such as Ethereum (ETH) or Bitcoin (BTC). The one key difference is Signal us

3 months ago

Top 5 Blockchain Events You Don’t Want to Miss This Fall

by Charlotte Day, University of Nicosia Acceptance and widespread adoption remains the order of the day as blockchain technology continues to send shockwaves around the world. In keeping up with the momentum, networking events targeting blockchain communities are cropping up by the day. Blockchain events are becoming increasingly popular in part because they provide a perfect opportunity for people to interact and share ideas on the emerging technology. With many events, occurring all over the world, blockchain enthusiasts are spoilt for choice on which events to attend. Heading into the fall, here are the top five blockchain events for technology enthusiasts. Decentralized 2018 November (14-16) 2018 The second edition of the Decentralized 2018 conference will take place at the Divani Caravel Hotel in Athens Greece. The must-attend blockchain event will bring together over 122 attendees from over 50 countries. Decentralized 2018 will feature 70+ speakers who will exchange knowledge and share ideas on the potential implications of blockchain technology. Key areas of focus will be how the technology is set to influence innovative businesses and the kind of political consequences it is poised to have around the world. Some notable speakers include Peter Ruzin, Chief Scientist at Bitcoin Limited, Eva Kaili MEP Chair of STOA European Parliament and Jameson Lopp Founder Mensa Bitcoin SIG. The University of Nicosia (UNIC), which is one of the few institutions of higher learning offering a master’s degree on the emerging technology, is the host. Divani Caravel Hotel situated at the heart of Athens, presents a unique opportunity for participants to explore the historic city focusing on breathtaking architectural designs. The hotel is located at the birthplace of democracy surrounded by the fascinating Lycabettus Hill. The Acropolis, which is synonymous with Athens, is a must-visit historic site while in the city. Malta Blockchain Summit November (1-2) 2018 Malta Blockchain Summit is another must-attend blockchain event heading into 2019. The event will attract attendance from crucial areas of government as well as blockchain investing and fintech. Discussions at the summit will center on world-changing potential applications of blockchain technology as well as AI and Big Data. Malta is fast becoming a hotbed for the digital ledger technology. The country already plays hosts to some of the world leading startups as well as influencers in the sector. The summit will also include an expo as well as a Hackathon and opportunity for the over 5,000 expected attendees to interact. The location could not have been any better. The Club Intercontinental will accord attendees stunning views of the island and the Mediterranean ideal for relaxing. Money 20/20 October (21-24) 2018 Money 20/20 is turning out to be one of the biggest and most awaited Blockchain event of the year. The blockchain event brings together some of the most potent innovators as well as collaborators with interest in the emerging technology. The event in Las Vegas will attract high profile speakers from the blockchain space. Attendees should expect speeches from Visa, Ripple, Coinlist as well as Coinbase executives, among others. While in Vegas attending the conference, attendees can take time to appreciate what the city has to offer as a top tourist destination. Amazing food, beautiful scenery, as well as jaw-dropping entertainment from resorts to casinos, are some of the items awaiting participants. The Venetian hotel which will host the conference comes with 10 pools, ideal for cooling off the city’s temperature. Beyond Blocks Summit November (26-27)2018 Beyond Blocks Summit is another of worthy blockchain events that seeks to create networking opportunities for participants. The two-day event is part of Bangkok’s blockchain week, whereby blockchain proponents will meet up to network and share ideas on the emerging technology. The event will feature speeches as well as presentations from some of the industry’s movers and shakers. Some of the notable speakers poised to grace the event include NEO founder, Da Hongfei and Wanchain CEOM Jack Lu. A great after party awaits participants after two days of networking. The after party will take place at the Platoon Kunsthalle, which acts as a top destination for artists and creative. The venue presents attendees an opportunity to explore art projects as well as workshops and events in realms of club culture. Blockshow Asia November 21 - December 1, 2018 Blockshow is an international blockchain event powered by Cointelegraph. The event is moving to Asia after its successes of last year in the U.S. The event in Singapore presents a unique opportunity for attendees to learn blockchain happenings, development, and innovation in the region. Having grown to become the largest blockchain technology roadshow event, Blockshow 2018 is to play host to 100+ speakers this year, as well as more than 2,000 attendees. UNIC is a

3 months ago

Dai Becomes the First Ever Cross-Chain ERC-20 and is now in Beta Testing on Wanchain

Dai, the MakerDAO stablecoin, recently entered Beta testing on Wanchain, a move that makes Dai the first ever cross-chain ERC20 token. This integration will allow the Dai token to utilize Wanchain’s cross-chain functionality allowing for Bitcoin to be exchanged for Dai in a fully decentralized manner. This move also has the potential to add Bitcoin to the collateralized debt position alongside Ether that backs the Dai token, and MakerDAO has also reported that it is currently working on a multi-collateral Dai. (JF)

3 months ago

Introducing MakerDAO's Dai on Wanchain, the First Ever Cross...

Introducing MakerDAO's Dai on Wanchain, the First Ever Cross-Chain ERC20 ! Beta Testnet is Now Open. Read our Mediu... https://t.co/FFnOHvDa8A...

3 months ago


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