Waves WAVES

$1.51
Market Cap $ 151.063 MM (#48)
24h Volume $ 4.149 MM
Chg. 24h: 0.42%
Algo. score 3.2/5  (#406)
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Waves News

Make it or break it: What makes a crypto project viable

Only forty-three ICOs were launched in 2016, which raised over $95 million. Since there were just a few blockchain projects in the market, it was relatively easy to achieve success. NEO, Lisk, DAO, Iconomi, Digix, Waves, and others were among the popular projects that year. NEO, which is often called a Chinese Ethereum, was at the height in those years and managed to attract $4.5 million. The ICO market burst in 2017 when crypto projects began to sprout like mushrooms after the summer rains. Their number significantly grew up to 210. Imagine that startups raised over $3 billion through ICOs last year! The most recognizable ones included EOS, Bancor, Bankex, Filecoin. The latter was the most successful among them and got $257 million. For 2018, 537 ICOs with a total volume of more than $13.7 billion has been conducted over five months, according to the audit firm PwC. The ICOs of EOS and Telegram should be mentioned here since they generated $4.1 billion and $1.7 billion, respectively. Unfortunately, scammers and weak projects without any powerful plans and ideas appeared in the industry together with really cool ICOs. That’s why nearly 50% of them lost based on the study of the consulting and research company GreySpark Partners. Successful ICO is only half the battle. The major task is to turn into viable and strong projects. To reach this goal, the ventures should have a precise idea capable to unite a wide range of like-minded persons. The clear concept allows ICOs to shine and let them move on. What are the most promising projects of 2018? Entrepreneur, a famous American business magazine, named four best blockchain companies of the current year. The authors are confident that these four projects are able to utilize the awesome blockchain technology “in an open, innovative, and professional manner”. Meet AdHive, Blue Whale, VeCap, and the Noah Project. AdHive is an AI-controlled influencer marketing platform. It offers a fully automated, blockchain-based solution for mass placement of native video ads on influencers’ channels. Blue Whale is a decentralized platform for freelancers. Its aim is to create the largest blockchain-driven ecosystem where self-employed people can do what they like and receive their earnings without any problems. The German-based project VeCap is going to struggle with the comfort and security system vulnerabilities employing smart solutions. Founded in 2016, the Noah Project has already gained the credibility of crypto community and successfully reached several milestones on its roadmap. The ultimate goal of the project team is to build an ecosystem powered by blockchain and cryptocurrencies, as well as gather crypto enthusiasts under the same roof. To bring this idea to life, the Noah Project is going to make their response to the Swill Zug and create a crypto hub in Asia. It is expected to bring together traders, entrepreneurs, and other people interested in cutting-edge technologies and ready to use them. The hub to be called Noah City is now under construction in Horizon Manila, the future largest business district in the Philippines. In addition, the project team is developing a future crypto harbor for travelers, who will be able to utilize digital money not only for business but also for entertainment. Noah Resort will be located at the picturesque Dakak Beach Resort. Guests will get a wonderful chance to relax and participate in various sports activities. Besides, the team has developed a blockchain-based remittance system. Thanks to this solution, overseas workers will be able to reduce their money transfer fees by several times and send more earnings to their families. The Noah Project is based on a token known as Noah Coin, using which users will get various discounts and bonuses. It is currently available on HitBTC, Changelly, BTC-Alpha, Mercatox, Livecoin, and YoBit. What’s more, Noah Coin is listed on CoinPayments, one of the most popular cryptocurrency payment processing platforms. The service supports over 880 cryptocurrencies and allows traders to deal with tokens all over the world. This achievement allowed the team to represent Noah Coin to millions of merchants and strengthen its positions in the market. Gradually meeting its high-flying targets, the Noah Project is firmly moving ahead in order to create a world without bounds and help people enjoy all the wonderful opportunities provided by cryptocurrencies and blockchain. As you see, only those ventures that have distinctive ideas and goals can survive today. The hype times are gone, and the market participants are more exacting now. To learn more about the Noah Project, visit the official website, get in touch with the team in the Telegram chat and follow the project on Facebook and Twitter. This is a paid-for submitted press release. EWN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned

12 hours ago

Successful YouTuber and investor Tomasz Rozmus starts his own ICO, launches MVP of crypto exchange TOKENEO

Tomasz Rozmus, a noted trader and investor, has now ventured into a new ICO campaign with the goal of bringing about the paradigm shift in the concept of crypto investment. His proposed cryptocurrency exchange, Tokeneo promises to be the first ever community-owned exchange with 50% of its earnings going to the investors. The MVP of the exchange is now live at Tokeno. Following the conclusion of a token pre-sale where all tokens were sold out in less than 26 hours, Tokeneo is pleased to announce the go-live of their much awaited taken sale. A rapidly growing cryptocurrency exchange, Tokeneo aspires to be a game changer in the global crypto investment space by offering 50% of its income and daily payouts to the investors. A total supply of one hundred million TEO tokens are available during the ongoing token sale that will end on December 30. All contributors stand a chance to receive an attractive discount. The ever-changing state of the current crypto market often creates confusion and apprehension amongst the investors. Tokeneo was created by an experienced trader and investor Tomasz Rozmus as a response to the market’s growing need for an exchange where the investors are directly involved in the financial success of the company. After an extensive market analysis, the team has come up with a platform where the investors will possess 90% of the TEO tokens and receive dividends on a daily basis. Some of the most important benefits of the platform include: Investors control 90% of the TEO tokens Regular passive income for all TEO token holders with a daily payout. Guaranteed 50-50 income distribution between the exchange and investors. Token’s proprietary token TEO is based on the ERC-20 protocol and is compliant with the principles and guidelines for the digital asset generation in the Ethereum network. In order to ensure complete security of the investors and efficiency of the platform, cutting-edge technology has been utilized by Tokeneo. All the technical aspects of the platform will be handled by certified companies. These experts will continuously monitor the processes taking place on the servers and eliminate all risk factors. Within its limited lifespan in the market, Tokeneo has already made noteworthy progress. The company has recently partnered with Poland based Vodka Old-Distillery with the intention of tokenization of their plant. The letter of intent for this partnership was signed on 19th September 2018. Mentioned below are some key facts and figures related to the upcoming Tokeneo token sale. Maximum token supply: 100,000,000 Purchase methods accepted: ETH, BTC, XLM, NEO, WAVES, LSK Soft Cap: $3 Million Hard Cap: $10 Million To participate in the token sale of the world’s first community-owned cryptocurrency exchange, please visit the official website. Sign up on MVP and earn bonus tokens. About: Tokeneo is a Poland based international cryptocurrency project aiming to distribute 50% of its revenue among its backers. All Tokeneo token holders will participate in this process directly just by holding TEO on their Tokeneo wallets. This upcoming venture promises to be the world’s first community-owned cryptocurrency exchange. Contact: Lukasz Janowski, CMO Website Email The post Successful YouTuber and investor Tomasz Rozmus starts his own ICO, launches MVP of crypto exchange TOKENEO appeared first on AMBCrypto.

12 hours ago

Red Alert: Bitcoin crashes below $5,800, the market loses $10 billion in 1 hour

What did just happen? Within a snap, the crypto markets just plunged to the lowest point breaking a multi-month stability. It was not just the Bitcoin but nearly all leading currencies were deep in the red. While the actual reason is still unknown the prominent one seems to be the Bitcoin hard fork event that is scheduled to take place today. Bitcoin and All Cryptos Plunge to New Multi-Month Lows as Crypto Street Sees Bloodbath A few hours of ago (from the time of reporting) all cryptocurrencies including the Bitcoin were in a stable mood, that they had been carrying for quite some months now. But all this steady and stable environment turned into terror as there was a sudden dump in the market and that too across the street which wiped of over 10 billion dollars from the street in 1 hour. The bitcoin deep dived to near 5600 levels marking a multi-month low. Ethereum, XRP, BCH and practically every other coin saw a drop of around 10% taking them to multi-month lows breaking all logical support levels. Leave aside others, even Tether, which is a stable coin, fell around 3 % clearly showing the sentiment on the street. Source: Coinmarketcap Why did this happen and what were the reasons behind this are still unknown, but most the street believes it is because of the arrival of Bitcoin Cash Fork date, 15th of November. While we are still some time away from the Fork to actually happen, the drama on the street and the divided Bitcoin Cash community has sent this shock waves creating a situation of panic and uncertainty. No Fork Support for BCH Bitcoin Cash (BCH), which is undergoing its controversial hard fork event today, is currently trading at negative of around 17% at its current price of $429.20, virtually erasing all its previous gains that resulted from hype surrounding the hard fork event BCH, on back of this forking news, had rose from lows of $415 in late October to highs of $635 in early-November, before crashing to its current price. The high selling volume just before the hard fork event is a sign that investors are not interested in the crypto units resulting from a hard fork event. Another reason associated with this fall is that its expiry day today at CBOE. It is believed the recent spike in crypto markets had forced a lot of traders to take long positions in the market and a lot of them seem to wind those up as these spikes did not sustain on higher levels. While the actual reason is still unknown, this fall is definitely not a good sign as this creates a doubtful situation for a Christmas rally in cryptos What do you think is the main reason for this dump? Do let us know your views on the same The post Red Alert: Bitcoin crashes below $5,800, the market loses $10 billion in 1 hour appeared first on Coingape.

a day ago

Basic Attention Price Shows Signs of Recovering to $0.275

The past two weeks have been very intense for Basic Attention Token holders. The Coinbase listing announcement caused a major price spike, following be a large retrace after trading effectively began. Now that all markets have calmed down a bit again, it appears the uptrend will be resumed shortly. An initial push to $0.275 is certainly possible, assuming the current levels can act as long-term support first and foremost. Basic Attention Token Price Recovery Commences It is very normal for speculative markets to rise in value and face a major onslaught shortly afterward. No asset in the financial industry can rise in value forever without early investors cashing out profits. In the cryptocurrency world, that is perhaps even more obvious compared to other markets. In this particular case, the Basic Attention Token price took a big dump, yet is now slowly recovering. Over the past 24 hours, there has been a notable uptrend across the board. A small 3.5% gain in USD value, combined with a 4% gain over Bitcoin and a 5.2% increase over Ethereum all pave the way for a positive trend in the near future. At his rate, it should not take too long for the Basic Attention Token price to reclaim the $0.275 level. Turning it into a viable support, is something else entirely. Technical analysts on social media seem to concur this is a crucial time for the BAT price trend. After the “reckoning” following the Coinbase listing subsided, the time has come to look toward the future once again. There is still a channel to break out of, but if successful, the sky’s the limit for BAT. Failure to break through this channel may result in a further downtrend, though. $BAT #BAT Two Lessons we can learn from BAT. (Basic Attention Token) 1.Use a Stop Loss. 2.Where there is hype, a pull back is waiting. Warren Buffet said “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”#knowledge #trading #crypto #southafrica pic.twitter.com/Un0geE6jkm — Inter X (@InterXCrypto) November 13, 2018 According to Mr. Bullish Sail, this trend certainly appears promising. Although it remains a bit unclear how long it will take the Basic Attention Token price to recover, it seems a future uptrend is all but inevitable at this point. That will only happen if there is sufficient trading volume to make this trend persist. For now, the volume is still on the low side, but things can change fairly quickly. #BAT with good advance of the waves after the wedge break, currently in correction to continue towards the target.#crypto #cryptocurrency #altcoin #CHARTS pic.twitter.com/cPOEufrwZp — Mr. bullish sail (@armijogarcia) November 13, 2018 One has to keep in mind this current market trend may not necessarily signal the recovery people have been looking for. It will mainly depend on how BAT holds itself compared to Bitcoin. Key levels sit at 4,268 and 4,580 Satoshi. Hitting those levels without too many problems can certainly result in positive developments moving forward. #BAT #basicattentiontoken Showing some signs of recovery after the @coinbase listing dump. I like as targets pivot lines 4268, 4580. We have a EMA 10/20 happening right now and a rising RSI from a bottom zone. . pic.twitter.com/40NZU6McdS — Nico (@CryptoNTez) November 13, 2018 Considering how all major cryptocurrency markets are still on shaky legs, the Basic Attention Token price will feel some ill effects along the way as well. 2018 Has been a brutal year for most currencies, although a market recovery will occur sooner or later. It appears a massive accumulation phase is ongoing, which should eventually lead to more positive changes in 2019 and beyond. For now, one has to take every small uptrend at face value, as no major breakouts will occur this year, by the look of things. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Basic Attention Price Shows Signs of Recovering to $0.275 appeared first on NullTX.

2 days ago

Waves Launches Blockchain Smart Assets on its Testnet

Waves is a blockchain-based platform that supports a multi-currency wallet and a multi-currency exchange. The crypto-startup recently announced that users can now use Smart Asset scripts for a number of purposes, including whitelisting, blacklisting, taxation and asset freezing. A Smart Asset is essentially a digital asset that can be validated by a script before being validated by the blockchain. Waves explained that Smart Assets are useful for digital items in blockchain games as “trade of these items could be restricted to the native in-game currency.” Smart Assets also can help deter users from resorting to black market economies. Waves broke the news of its Smart Assets feature just a few weeks after announcing that they would support a $2 million fund for building games on its network. (RS)

2 days ago

Open Heart Surgery Performed Via a Robot Causes a Patient’s Death

Any involvement by robots in our society will be scrutinized first and foremost. In the case of Stephen Pettitt, that scrutiny is more than warranted. His surgery was performed by a robot, causing Pettitt to die during the procedure. New findings confirm his survival rate would have been 99% if a human doctor performed the procedure. Robot Surgeons Aren’t Trustworthy Yet Every time a human being or animal needs to undergo surgery, there is a likely chance something may go wrong. Whether that is due to unforeseen circumstances, lack of preparation, or human error, no surgery is ever safe by any stretch of the imagination. When such surgeries are performed by robots, the risks only grow exponentially. Although a robot is not distracted like humans, that doesn’t make them the best solution either. One such robot performed a complicated surgery on heart patient Stephen Pettitt. Allowing such a delicate procedure to be undertaken by a robot is controversial first and foremost. In this case, things went from bad to worse, causing Pettitt to pass away during the procedure. It is a death that potentially could have been avoided by letting a human surgeon operate, rather than a robot. Those are the findings of a new report conducted after the death. Several factors ultimately lead to the demise of Pettitt. Perhaps the most glaring problem is how the doctor using the robot did not receive adequate training to use this machine. Instead, he has only performed mock operations using a simulator, which is still very different from performing a complicated surgery on an actual human being. The robot in question is a Da Vinci model, which is making quite some waves in the healthcare industry. It is a very prominent tool for surgeons and doctors, but it is evident there are still some concerns that will need to be addressed properly. Experts in using this robot were on the scene when the surgery began, yet left the complex before the procedure was finished. Why this was the case, remains unclear to this very day. This unfortunate death raises a lot of questions. First of all, it highlights the risks associated when using robotics for complicated open heart surgery. At the same time, it is evident the person in charge of handling the robot does not possess the necessary knowledge to do so. It is difficult to blame the robot for human error, although the investigation is still ongoing at this time. Using more conventional means could have saved Pettitt’s life, although the complications causing multiple organs to fail could have happened in the scenario as well. As a countermeasure, the hospital where this surgery was performed has halted its robotic heart program altogether. Major changes have been made to this concept across the board. A stronger focus will be put on training staffers and introducing new procedures over the coming years. All of these efforts are noteworthy, although they are only imposed after someone already lost their life. The post Open Heart Surgery Performed Via a Robot Causes a Patient’s Death appeared first on NullTX.

3 days ago

Binance CEO: Volume, User Signup Indicators Are Healthy For Crypto

Volume On Binance May Have Dried Up, But Its CEO Has Remained Undeterred It goes without saying that 2018’s bear market hasn’t been kind to crypto exchanges, with volumes drying up and traders exiting this nascent space en-masse. Data gathered by Ran NeuNer’s CNBC Africa-sponsored Crypto Trader has revealed that from September to October alone, volumes tallied on Binance, OkEX, Huobi, and Bitfinex have declined by 32%, 47%, 47%, and 48% respectively. Although these statistics paint a dismal outlook for exchanges, which make up the backbone of this industry, Changpeng “CZ” Zhao, CEO of Binance, has seemingly remained unfazed, cutting out some time to speak with NeuNer on the matter. BANG!! Big show today! - @cz_binance how @binance stays on top!- @rogerkver takes sides on BCH- @VitalikButerin talks about Ethereum 2.0- @gaborgurbacs Van Eck ETF is VERY close!- Crypto causes BIG waves in Marshall Islands!https://t.co/cGFSPWdyV0 — Ran NeuNer (@cryptomanran) November 8, 2018 Although volumes are evidently on the way out, Zhao claimed that his startup is doing just fine, but gave NeuNer and CNBC Africa viewers the following insider scoop on Binance’s performance since January 2018: If you compare [volumes] to July or August, we are probably down a little bit because now, [crypto] prices are very stable. And when there are no movements in price, people trade less — so that’s kind of understandable. CZ, who formerly worked at Blockchain and Bloomberg previously, went on to add that compared to January, publicly-available volume stats are likely down 90%. But, while these figures may have perturbed short-term speculators, the CEO explained that compared to one or two years ago, this industry is still booming in a relative sense. He elaborated: If you compare [our volumes now] to two or three years ago, the volume here right now is great and there has always been of hundreds, if not thousands of exchanges in our space. So business is still okay and we’re still profitable and healthy. In other words, if you today’s volume (or lack thereof) into a long-term perspective, the cryptocurrency market is doing all fine and dandy. Speaking on another important metric — new user accounts — Zhao made similar claims, noting that while Binance’s current user base isn’t swelling as it did in January/February, his service is still signing up a “steady amount of new users every day.” Or in short, as the industry insider put it, “it’s very healthy.” Again, pushing his narrative forward that crypto is doing just fine, CZ noted that the amount of Bitcoin (BTC) that Binance is holding in its cold wallets has been steadily increasing, which could indicate that traders trust the exchange more or they are preparing for the next bull run. These stats aside, Zhao noted that while the market is in a “slowdown period,” indicators look quite healthy. CZ: Sooner or Later, A Crypto Bull Run Will Occur In the same interview, as reported by Ethereum World News earlier, NeuNer and CZ drew attention to this industry’s prospects — one of the hottest topics in 2018’s bearish market conditions. Zhao, discussing catalysts for crypto’s next bull run, pointed out that institutional interest “may be a really strong trigger,” drawing attention to the launch of regulated stablecoins and institution-centric products, like Fidelity Digital Asset Services or Bakkt, for example. But still, seeing that prices haven’t moved, even with the establishment of these startups, Binance’s CEO added that he would be hard-pressed to pinpoint a specific event or product. Still, Zhao, concluding his take on the question, said that “something will trigger” a bull run, “sooner or later.” Zhao’s bullish sentiment comes amid reports that a growing number of analysts and industry leaders are calling for a bottom and a subsequent rebound in the crypto market. Title Image Courtesy of Marco Verch via Flickr The post Binance CEO: Volume, User Signup Indicators Are Healthy For Crypto appeared first on Ethereum World News.

3 days ago

Melhores canais e grupos no Telegram para criptomoedas

Por: Livecoins Quando vamos conhecendo melhor o cenário das criptomoedas uma das formas de aprender e ficar antenado mais do que a nossa capacidade de procurar por mais informações consegue, é nos unir a comunidades e participar de debates e crescer mais os conhecimentos no menor tempo possível, confira abaixo os melhores canais e grupos no Telegram para criptomoedas. O Telegram é um aplicativo mobile, que possui versões para Android e também para IOS, mas que de forma semelhante ao Whatsapp também possui uma interface web para acesso por computadores pessoais. Outro detalhe é que pode ser baixado um programa para seu desktop. As vantagens do Telegram sobre o Whatsapp são várias, o limite da capacidade dos grupos são de 100 mil pessoas, sendo o zap de apenas 256 pessoas. Um fato é que ao entrar nos grupos e canais, os novos usuários possuem acesso ao histórico de conversas que aconteceu antes dos mesmos entrarem, isso já não é possível pelo whatsapp. Outro detalhe é a privacidade, pois pelo Telegram pode ser criado um usuário que passa a ser a informação que é compartilhada publicamente em grupos. O mesmo normalmente possui o formato “@nomequevocêquiser” e faz com quem em grupos as pessoas veja apenas seu usuário e o seu nome que também é criado. O telefone dos usuários então, não são compartilhados de forma pública neste aplicativo. Outro detalhe é que além dos grupos podem ser criados canais de comunicação, dos quais os usuários inscritos recebem notificações das atividades do criador do canal, muito útil para quem deseja receber as novidades sem se interagir com as mesmas. Para finalizar as vantagens, dentre as várias possibilidades o Telegram permite que os usuários criem robôs de informações (BOTS), para que dessa forma automatizem processos diversos. Existem nas comunidades de criptomoedas bots diversos que conseguem desde responder dados básicos até a verificar cotações em exchanges. Se você já baixou o aplicativo e está sem comunidades para entrar, confira abaixo a lista dos canais e grupos e entre para encontrar mais informações: Canal Livecoins - Notícias em primeira mão Grupo Livecoins - Comunidade para interação de quem acompanha nosso portal Grupo Binance Portuguese - Exchange Grupo Huobi Brasil - Exchange Grupo OriginalMy Brazil - projeto brasileiro Grupo Paratiivideo - projeto brasileiro Grupo CryptoGiant - troca de informações Grupo Bitcoin Investimento Trader - troca de informações Grupo Criptologia - youtuber e troca de informações Grupo 59 segundos - youtuber e troca de informações Grupo Investimentos Digitais - youtuber e troca de informações Canal Criptomaniacos - youtuber Grupo Nano Brasil - criptomoeda Canal IOTA Brasil - criptomoeda Grupo Decred Br - criptomoeda Canal Waves Brasil - criptomoeda Grupo Crypterium Brasil - criptomoeda Grupo Falando sobre Investimentos - Troca de informações, não somente criptos A partir destas dicas o seu caminho tende a aumentar de opções uma vez dentro do Telegram, só deixamos claro que ao entrar em comunidades muito cuidado com fraudes, com pessoas que lhe chamarem propondo milagres e retornos incomuns de investimentos, não existe dinheiro fácil e nem dinheiro de graça. Se você ainda possui dúvidas sobre o Telegram ser uma super ferramenta, e muito mais do que isso, ser amigável ao ambiente das criptomoedas, saiba que a ferramenta realizou um financiamento privado para melhorar a plataforma que irá contar com um token criptográfico para que usuários paguem contas e façam transações dentro desse ambiente. O artigo Melhores canais e grupos no Telegram para criptomoedas apareceu primeiro em Livecoins.

3 days ago

Waves smart assets released on testnet

CryptoNinjas Blockchain platform Waves announced today that after the successful launch of smart accounts, they are now releasing smart assets on testnet. Once these have been audited by the community, the Waves team will then launch this new functionality... Waves smart assets released on testnet

3 days ago

Micro-Cap Cryptocurrency Vulcano [$VULC] Making Macro Waves

Vulcano [$VULC], a newly relaunched cryptocurrency is defying the odds and custom as they work to redefine the relationship between cryptocurrencies and academic research. Resurrected by Jason “BitBender” Brink and his team of cryptocurrency enthusiasts, Vulcano has begun to make an impact in the world of seismic research with their signing of an MOU with Rajamangala University, based in Nonthaburi, Thailand, a district on the outskirts of Bangkok. With this contribution amounting to over 1% of its total market cap in this single project, Vulcano is ensuring that the leave their mark on geothermal and seismic research around the world. After finding the project abandoned and with a community badly in need of help, Mr. Brink enlisted the help of outside developers to fix the problems with the software controlling the Vulcano network. Once this problem was fixed, they turned their attention to giving the project a real use case. Operating without ever having conducted an Initial Coin Offering, Vulcano stands apart from most cryptocurrencies focused on the sustainable energy space. This focus on sustainability and transparency recently earned Vulcano an invitation to present at the 2018 Social Enterprise Conference, hosted at UNESCO Thailand. At this conference, Mr. Brink explained how blockchain can be used by social enterprises to increase transparency, by NGOs work to solve problems faced by displaced persons, and in climate change and sustainability efforts to an audience of United Nations officials and business leaders from Thailand. By helping give clarity to the sometimes confusing concepts surrounding blockchain technology, its benefits, and its limitations, Mr. Brink helped them understand the technologies underlying most cryptocurrencies, with a special focus on the funding implications made possible through the Vulcano ecosystem. Mr. Brink has a long history in cryptocurrency. As the writer of the winning paper for the 2014 Global Development Network competition, funded by the Bill and Melinda Gates Foundation, he established himself as a thinker in the blockchain space. While his knowledge and connection to the community has deepened over time, his commitment to using blockchain technology to enhance the future of mankind and fight for a more sustainable future. While Vulcano is at the beginning of its journey and intends to reveal a tripartite business structure with branches based around the world, it could not have come this far without the strong support of its community. With several thousand passionate supporters, Vulcano is readying itself for the next phase of growth through securing additional university partnerships, establishing business relationships with other cryptocurrency projects, and continuing its tradition of transparency and community expansion. The team at Vulcano believes that the world is what its inhabitants make of it. Over the next years, they plan on investing heavily into renewable energy, building an Intellectual Property portfolio, and using it to help developing nations move in a direction of energy independence and sustainability in a way which is not currently being attempted by any other blockchain project. While it may currently be a small project, it will have an impact many of orders of magnitude larger. To learn more about Vulcano [$VULC] Visit the official website Read the Whitepaper Follow on Twitter Subscribe on Youtube Chat on Discord Chat on Telegram The post Micro-Cap Cryptocurrency Vulcano [$VULC] Making Macro Waves appeared first on AMBCrypto.

4 days ago

Augur Proves Its Worth During US Elections

 Listen Here - https://soundcloud.com/cryptodaily/augur-proves-its-worth-during-us-elections Augur is a project built on the Ethereum blockchain, facilitated by its native token, REP. By definition, Augur is a decentralised oracle and prediction market protocol, that is owned and run by the people who use it and of course, REP investors. Users of the Augur network can make predictions that in turn, have a monetary value, like a bet. This means that users can predict on political movements, cryptocurrency movements and even natural disasters. Augur is an open world full of markets which users can place bets on. What is Augur According to the Augur website: “Augur is a decentralized oracle and peer to peer protocol for prediction markets. Augur is free, public, open source software, portions of which are licensed under the General Public License (GPL) and portions of which are licensed under the Massachusetts Institute of Technology (MIT) license. Augur is a set of smart contracts written in Solidity that can be deployed to the Ethereum blockchain.” Furthermore: “Augur is a protocol, freely available for anyone to use however they please. Augur is accessible through a desktop client app, similar to interacting with an Ethereum or Bitcoin node. Users of the Augur protocol must themselves ensure that the actions they are performing are compliant with the laws in all applicable jurisdictions and must acknowledge that others’ use of the Augur protocol may not be compliant. Users of the Augur protocol do so at their own risk.” According to the Augur website, here are a few use cases for the Augur network: Political Forecasting “Turn political knowledge into predictive power by trading on the outcome of upcoming elections, potential policy decisions, and other political events.” Event Hedging “Hedge against catastrophic events like natural disasters, market crashes, and geopolitical upheaval by betting that the event will occur.” Weather Prediction “Harness the power of crowds to create a more accurate weather prediction tool for events like hurricane landfalls, heat waves, and daily temperature averages.” Company Forecasting “Companies can use Augur to guide decision making by forecasting vital information such as total product sales and project completion times.” How does it work? Using Augur is a simple process, firstly, users must select and event that they want to hedge against. In this example, we are looking at the US midterm elections, so let’s stick with that. Within the event, users can then bet on a specific market, or can create their own, so, in this instance, a market may include something like ‘democrats or republicans to take the house in US midterms’. Now, other investors can trade on the outcome of the market, they can back whichever outcome they want to bet for, so again in this example, an investor may bet a bunch of Ethereum or REP tokens on the democrats taking the house in the US midterms. As Augur is decentralised, the final outcome must be reported before winning bets are returned, this gives all users a chance to dispute the outcome if they think it is false or unfair. Finally, those who own shares of the winning market (through the bets they have placed) will receive their payout and the contract is closed. Augur simply takes a traditional betting format, and brings it to the blockchain. Augur has been impressive throughout the elections As we have stated, Augur is in the news this week for holding it’s cool during a huge increase in activity as a result of the US midterm elections. Since Augur is built on the Ethereum network, it’s often assumed that Ethereum products are unable to handle high volumes of traffic and large scale transactions. Even so though, during the recent US election period, it’s alleged that Augur has seen an incredible $1.65 million in bets, with as much as $900,000 all coming through on the same day. According to Ethereum World News: “The decentralized prediction platform of Augur (REP) that is built on the Ethereum network, has achieved an impressive feat of handling approximately $1.65 Million in bets during the US Midterm elections that were held on the 6th of November this year. During the day of the midterm elections, the value of bets had initially reached $900,000 only to surpass the $1 Million Mark as the day came to a close. Further researching the bets made using Augur on the tracking website of Predictions.Global, we find one particular bet that asks which party will control the house after the 2018 US Midterm elections. The volume of this bet currently stands at $1.625 Million.” In terms of value, it’s not a huge amount given the sheer scale of transactions that move across various blockchains, however, it’s a huge amount for a project like Augur to have to handle. What this tells us, is two things. Scalability on the Ethereum network might not be as drastic as we think. Secondly, this proves that there’s a growing interest in cryptocurrency and w

7 days ago

FRIDAY Augur Proves Its Worth During US Elections

 Listen Here - https://soundcloud.com/cryptodaily/augur-proves-its-worth-during-us-elections Augur is a project built on the Ethereum blockchain, facilitated by its native token, REP. By definition, Augur is a decentralised oracle and prediction market protocol, that is owned and run by the people who use it and of course, REP investors. Users of the Augur network can make predictions that in turn, have a monetary value, like a bet. This means that users can predict on political movements, cryptocurrency movements and even natural disasters. Augur is an open world full of markets which users can place bets on. What is Augur According to the Augur website: “Augur is a decentralized oracle and peer to peer protocol for prediction markets. Augur is free, public, open source software, portions of which are licensed under the General Public License (GPL) and portions of which are licensed under the Massachusetts Institute of Technology (MIT) license. Augur is a set of smart contracts written in Solidity that can be deployed to the Ethereum blockchain.” Furthermore: “Augur is a protocol, freely available for anyone to use however they please. Augur is accessible through a desktop client app, similar to interacting with an Ethereum or Bitcoin node. Users of the Augur protocol must themselves ensure that the actions they are performing are compliant with the laws in all applicable jurisdictions and must acknowledge that others’ use of the Augur protocol may not be compliant. Users of the Augur protocol do so at their own risk.” According to the Augur website, here are a few use cases for the Augur network: Political Forecasting “Turn political knowledge into predictive power by trading on the outcome of upcoming elections, potential policy decisions, and other political events.” Event Hedging “Hedge against catastrophic events like natural disasters, market crashes, and geopolitical upheaval by betting that the event will occur.” Weather Prediction “Harness the power of crowds to create a more accurate weather prediction tool for events like hurricane landfalls, heat waves, and daily temperature averages.” Company Forecasting “Companies can use Augur to guide decision making by forecasting vital information such as total product sales and project completion times.” How does it work? Using Augur is a simple process, firstly, users must select and event that they want to hedge against. In this example, we are looking at the US midterm elections, so let’s stick with that. Within the event, users can then bet on a specific market, or can create their own, so, in this instance, a market may include something like ‘democrats or republicans to take the house in US midterms’. Now, other investors can trade on the outcome of the market, they can back whichever outcome they want to bet for, so again in this example, an investor may bet a bunch of Ethereum or REP tokens on the democrats taking the house in the US midterms. As Augur is decentralised, the final outcome must be reported before winning bets are returned, this gives all users a chance to dispute the outcome if they think it is false or unfair. Finally, those who own shares of the winning market (through the bets they have placed) will receive their payout and the contract is closed. Augur simply takes a traditional betting format, and brings it to the blockchain. Augur has been impressive throughout the elections As we have stated, Augur is in the news this week for holding it’s cool during a huge increase in activity as a result of the US midterm elections. Since Augur is built on the Ethereum network, it’s often assumed that Ethereum products are unable to handle high volumes of traffic and large scale transactions. Even so though, during the recent US election period, it’s alleged that Augur has seen an incredible $1.65 million in bets, with as much as $900,000 all coming through on the same day. According to Ethereum World News: “The decentralized prediction platform of Augur (REP) that is built on the Ethereum network, has achieved an impressive feat of handling approximately $1.65 Million in bets during the US Midterm elections that were held on the 6th of November this year. During the day of the midterm elections, the value of bets had initially reached $900,000 only to surpass the $1 Million Mark as the day came to a close. Further researching the bets made using Augur on the tracking website of Predictions.Global, we find one particular bet that asks which party will control the house after the 2018 US Midterm elections. The volume of this bet currently stands at $1.625 Million.” In terms of value, it’s not a huge amount given the sheer scale of transactions that move across various blockchains, however, it’s a huge amount for a project like Augur to have to handle. What this tells us, is two things. Scalability on the Ethereum network might not be as drastic as we think. Secondly, this proves that there’s a growing interest in cryptocurrency and w

7 days ago

Ex-Google CEO: Ethereum has a Tremendous Potential

CoinSpeaker Ex-Google CEO: Ethereum has a Tremendous Potential The Ex. Google Chairman, billionaire Eric Schmidt, during a live event with economist Tyler Cowen hosted by Village Global in San Francisco, said Ethereum could be a “powerful platform” whose untapped potential is off-the-charts. In the wide-ranging conversation, Schmidt discussed the future of technology, corporate governance reform, Google’s hiring practices, and bifurcation of the internet. He also spoke about the blockchain technology that he called “overrated in the public format and underrated in its technical use.” He said: “Today, blockchain is a great platform for Bitcoin and other currencies, and it’s a great platform for private banking transactions where people don’t trust each other.” He also noted that the most interesting stuff that’s going on are the beginning of execution on top of blockchain. The most obvious example is for him, the capability of Ethereum. He added: “And if Ethereum can manage to figure out a way to do global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention.” Many would agree that that ethereum co-founder Vitalik Buterin would share this opinion. Just for reminder, few days ago there was an article headline in MIT Technology Review that heralded Vitalik Buterin saying Ethereum can’t succeed unless he takes a step back . However, Buterin was quick to point out that he is not leaving the platform, and that critics will criticise, whatever he does. He suggested that the headline was misleading, and that the sub-headline gave the more correct emphasis: that Ethereum must stop depending on him if it is to be truly decentralised. He Tweeted: “Ethereum stops depending on me” is the correct emphasis. But very far away from me leaving.” It seems that Schmidt is right when pointing out, how important it is to keep an eye on the ongoing implementation and disruptions due to Ethereum. He is of the view that, if Ethereum developers find a way to implement the Blockchain Technology on the greater levels, then it could prove to be a real beneficiary for people. He said: “I think the most interesting stuff that’s going on is the beginning of execution on top of blockchain — the most obvious example being the capability of Ethereum. And if Ethereum can manage to figure out a way to do global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention.” However it is interesting that Eric Schmidt was an early believer in Bitcoin. In 2014, he praised the then-obscure cryptocurrency as a unique technological advancement with massive potential. Schmidt was then saying: “Bitcoin is a remarkable cryptographic achievement and the ability to create something which is not duplicable in the digital world has enormous value.” Schmidt has been a strong believer in bitcoin since 2014, according to him. He was first introduced to it by Julian Assange. who allegedly advised him to invest in BTC as it would be valuable in the future. Schmidt whose net worth stands at around $13 billion said that he did not jump on the bitcoin bandwagon for money, but was reportedly fascinated by the immense potential of the technology behind it. Balaji Srinivasan Expresses Optimism on Bitcoin and Cryptocurrencies Coinbase’s CTO, Balaji Srinivasan, has recently made some waves by stating that cryptocurrency is entering the tech mainstream. Srinivasan, who is a big venture capital investor and also Coinbase’s chief technological officer, noted that blockchain and cryptocurrency efforts are now quickly becoming the norm among Silicon Valley companies. In a tweet, Srinivansan gave examples of a number of big players, which are considering to go the blockchain way. He started by saying that Sundar Pichai & Sergey Brin’s sons are involved in cryptocurrency mining, while companies such as Facebook, Microsoft, Amazon, and Google Cloud are considering to go the blockchain way: Great piece. Just to summarize: - Sundar Pichai & Sergey Brin’s sons are both mining crypto- Facebook is doing blockchain- Square open sourced some nice cold storage code- Microsoft, Amazon, Google Cloud all have blockchain efforts Crypto is entering the tech mainstream. https://t.co/ew2k3k7YG7 — Balaji S. Srinivasan (@balajis) November 4, 2018 Ex-Google CEO: Ethereum has a Tremendous Potential

8 days ago

Stellar Lumens [XLM] fails to perform in the market post Blockchain announcement

Stellar Lumens [XLM], the sixth biggest cryptocurrency in the market, enjoyed the bull run which took place earlier this week. The coin made an uproar in the cryptoverse with Blockchain’s announcement on their official portal which stated that they would airdrop $125 million XLM. This announcement set the market ablaze as it turns out to be the biggest giveaway to be taking place in the cryptocurrency space. The giveaway is a celebration for adding XLM on Blockchain wallet, which was initially a Bitcoin concentric wallet. Blockchain has promised to giveaway over $25 worth of XLM to all the users with verified accounts. The platform stated that the Stellar network is “built for scalability”. The coin allows for quick, low-cost and worldwide transactions, which is one of the main reason for listing the coin on their wallet. The wallet supports a total of four cryptocurrencies, including Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH] and the recently added, Stellar Lumens [XLM]. Peter Smith, the CEO and co-founder of Blockchain said on Twitter: “Excited to add #XLM to the @blockchain wallet today and announce a $125M airdrop - the biggest digital giveaway ever. We’ll be giving millions of people their first $20 of crypto over the next few months” He further said: “We’re excited to help the @StellarOrg build an ecosystem, alongside their other partners inclu @stripe and @IBM, by bringing millions of users onto the Stellar network.” The announcement resulted in the coin gaining a momentum in the market, however, it failed to have a massive impact on its price. According to CoinMarketCap, XLM was trading at $0.25 with a market cap of more than $4 billion. The trade volume of the coin was over $74 million and had seen a downfall of around 3% in the past 24 hours. Stellar Lumens [XLM] Price Chart | Source: CoinMarketCapAdditionally, according to reports by CoinGekco, Stellar Lumens turned out to the second biggest platform for ICOs with over 6% market share, after Ethereum. Stellar was followed by NEO, NEM, Achain, Waves, EOS, Zilliqa, Komodo, and Hyperledger. Drive Markets stated on Twitter: “Over 85% of ICOs are issued on Ethereum according to @coingecko and Stellar is in second place with 6% market share” Stellar Lumens ICO market share | Source: CoinGecko DU09, a Redditor said: “Not surprised, XLM is second after ETH, unlikely this will change as ETH loses market share. The other competitors are not like XLM, rather an improved version of ETH or BTC, so they won’t scale as easy. Only challenge for XLM is to expand it’s ecosystem and adoption from large investors that so far go for ETH as that already dominates the market and existing infrastructure.” The post Stellar Lumens [XLM] fails to perform in the market post Blockchain announcement appeared first on AMBCrypto.

8 days ago

SWIFT Won’t Be Integrating With xRapid, XRP or RippleNet

SWIFT , the global payments network has been shooting down rumours that its platform will begin to integrate with Ripple’s suite of software solutions for cross-border payments. SWIFT is updating its protocol standard this month and is also letting its customers know that they should upgrade to the firm’s new global payments platform called SWIFT gpi. News regarding the upgrade led to a mixture of different rumours about the SWIFT gpi that it would make the XRP powered payment solution xRapid and RippleNet available to thousands of banks on the SWIFT network. During the SWIFT International Banking Operations Seminar (SIBOS) in Sydney, which opened up its doors on 22nd October for four days to over 7,000 bankers from all around the world, Ripple’s was one of the attendants which led to confusion amongst the community as some believe that this was a sign that SWIFT and Ripple would release a joint announcement of sorts. I addition to Ripple and several banking participants some of the biggest names in tech attended including, Microsoft, IBM and Google. The event is held at the international convention centre in Sydney and it a networking event which mixes up traditional finance, tech and some of the most exciting emerging technologies which are changing the banking industry. As stated by the Daily Hodl, in reference to Ripple’s attendance at the conference: “The San Francisco-based company, also in attendance at Sibos, has been making waves in the banking industry on the strength of RippleNet, its cross-border payments platform that has signed on more than 100 financial institutions. Ripple takes aim at SWIFT by offering a suite of blockchain-based software APIs that can reduce fees and transaction speeds, and offer more transparency in a frictionless environment.” Despite all the rumours running through the ether, a spokesperson for SWIFT said that there is absolutely no truth in them. In a new interview with Finance Magnates, the spokesperson stated: “I’m not sure where those rumours are coming from but the upcoming standards release ... is entirely unrelated to RippleNet. Its primary purpose is to ensure all payments include a tracking reference (UETR, Unique End-to-end Transaction Reference) which will allow banks to track their gpi payments end-to-end in real time.” What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post SWIFT Won’t Be Integrating With xRapid, XRP or RippleNet appeared first on Crypto Daily™.

9 days ago

Crypto Mining Startup Bitfury Secures $80M From Galaxy Digital, Others

Bitfury Gains Traction, Secures Millions In Venture Capital Even though you may not know of Bitfury, the crypto- and blockchain technology-centric startup has been making waves in the mining subindustry, in spite of the dismal performance of the cryptocurrency market, which has seen the aggregate value of all digital assets take a 75%+ haircut. Per an official announcement from the London-based Bitfury Group, which is self-proclaimed as “the world’s leading full-service blockchain technology company,” has just concluded a private funding round that will see 80 million U.S. dollars enter its coffers, so to speak. The private placement was reportedly led by Korelya Capital, a Europe-focused “growth capital” fund backed by Korean powerhouse Naver Group, with other prominent funds and investment consortiums, like Macquarie Capital, Dentsu, Armat Group, among others. Interestingly, or unsurprisingly in the eyes of some, Mike Novogratz’s Galaxy Digital joined the fray, also throwing capital at the mining-centric startup. This comes just days after Novogratz claimed that Bitcoin (BTC) could be poised for a breakout past $10,000 (and its all-time high) as 2019 rapidly approaches and Bakkt, Fidelity Digital Asset Services, along with other promising crypto platforms go live. Alluding that Bitfury’s business ambitions may be undergoing a U-turn, Chief Executive Officer Valery Vavilov noted: This private placement reflects our achievements, and it recognizes our ability to address adjacent market segments in high-performance computing, including in emerging technologies like artificial intelligence (AI), The industry leader went on to add that the “institutionalization of blockchain and cryptocurrencies” is a natural step for Bitfury to foray into, which is entirely logical when considering the fact that the crypto upstart has released an array of new products/platforms pertaining to software, like Exonum and Peach. Commenting on his investment, Novogratz expressed his excitement, claiming that Galaxy Digital is “excited to partner with Bitfury” — subsequently adding that he is impressed with what Bitfury’s “unparalleled” team has accomplished and has in store for the future. This news comes just five weeks after the startup revealed its next generation of Bitcoin SHA-256 ASICs, which are slated to outpace (and outhash) a majority of its competitors, such as mining machines from E*Bang, Bitmain, and Avalon (Canaan Creative), for a lower cost. Speaking on the development, the startup’s chief executive noted that his firm is doing its best to maximize return-on-investment (ROI) for its client. Vavilov added: “Bitfury is looking at all factors, including silicon packaging, chip efficiency, optimal power distribution, cooling designs and speed of development when designing our mining hardware ... We think that this will lead to solutions that deliver the best ROI to our customers - regardless of ASIC size.” Although Bitmain has since made moves issue a similar announcement, which arguably ousts Bitfury Clarke, as Bitfury’s processing chip has been dubbed, many see the two aforementioned developments as promising signs for Bitfury. And, moreover, others would argue that this further cements the crypto industry’s legitimacy in the global venture capital space, which is a welcome step in the right direction. Title Image Courtesy of Ant Rozetsky on Unsplash The post Crypto Mining Startup Bitfury Secures $80M From Galaxy Digital, Others appeared first on Ethereum World News.

9 days ago

OKEx Voted as Cryptocurrency Exchange of the Year at Malta Blockchain Awards

The coastal country recently held their Malta Blockchain Awards where OKEx walked away with the Crypto Exchange of the Year honor. When it comes to the cryptocurrency industry, some countries are just better at embracing it than others. The self-described “blockchain island” itself, Malta, is one such example. While previously known for its picturesque vistas and breathtaking beaches, the country is now making waves as being a key player in industry adoption. Authorities from the island nation have been very vocal about the importance of embracing both blockchain and virtual currencies and also want to share their knowledge and policy-making skills with other countries. It seems as if the nation also wants to give credit where its due, which is where its Malta Blockchain Awards come in. According to a Medium post, the awards, which were held on the 31st of October, were part of Malta Blockchain Week. The seven-day event was an opportunity for professionals and enthusiasts to network and learn more about the industry. The awards were a way to highlight the work of certain platforms that work with Malta. In addition, all proceeds will be going to charitable causes. It’s a Win for OKEx One of the honors was the Crypto Exchange of the Year 2018 award, which was presented to the OKEx exchange. Like many well-known platforms, OKEx expanded their operations to Malta, and the exchange continues to have an open relationship with authorities when it comes to revolutionizing the industry. OKEx beat its fellow nominees, Binance and BitPay. The winning exchange’s General Manager, Jovan Gavrilovic, expressed his excitement at the win, saying: At OKEx, we have this motto, ‘It’s OK to be daring’. So, what does it mean to be daring? For us, to be daring is to be a leader, to be bold, and to be courageous, and to move forward in the wake of uncertainty, and these are the same exact traits we saw in Malta. So, we are very excited to be part of this initiative in Malta. On behalf of my team here, in Malta, and on behalf of the entire OKEx company, thank you for the award. Always on the Road to Improvement However, this doesn’t mean that the exchange will rest on their laurels while basking in the light of their award. Its Head of Operations, Andy Cheung, discussed the importance of continually striving for excellence and improvement, saying: These awards are particularly gratifying as they reflect a vote of confidence from industry leaders, who recognize our ongoing efforts. Like we said, we dare to innovate and will keep pushing the limits of what is possible. Receiving this honor is truly a testament to our unrelenting effort in making changes in the crypto and blockchain industry. We never stop innovating to create the best user experience, to build a robust ecosystem, to improve the crypto industry, and above all, to revolutionize our world with blockchain technology. As a leader, continuing to improve the ecosystem is not only our promise, it is also our responsibility. The island nation has also recently welcomed another cryptocurrency exchange onto its sandy shores. Zebpay was forced to close up shop in India but has subsequently found a warm welcome in Malta. Are you a user of OKEx? Do you think that they deserve the award? Let us know in the comments below! Images courtesy of Pixabay and Shutterstock The post OKEx Voted as Cryptocurrency Exchange of the Year at Malta Blockchain Awards appeared first on Live Bitcoin News.

9 days ago

How TRON is bringing blockchain to the masses

When Justin Sun originally envisioned the TRON platform and Tronix, the cryptocurrency it would host, he saw it as a way to revolutionize content sharing by decentralizing the monetary model and putting power in the hands of creators. With the explosion of the internet creating unlimited forms of digital entertainment, there are still a small handful of gatekeepers to contend with. Even a “free” internet isn’t free in the sense that content still typically comes from a central authority, such as videos on YouTube, for example. Sun’s model for TRON was to harness the power of blockchain and enable peer-to-peer content production and sharing. No longer should talented creators be subject to Google or Apple taking a cut of their profits, the TRON blockchain running a smart payment system is the goal to unchain the web for future generations. What Does a TRON Media Revolution Look Like? Each subsequent advancement in internet technology creates new industries and new markets, while at the same time making the entire experience better for consumers. For example, the advent of secure SSL transactions enabled online shopping to proliferate and created new billion-dollar enterprises like Amazon. As the internet progressed further and became integral with the lives of consumers, both young and old, new mediums for content sharing and consumption took shape. Sites like YouTube and Facebook became daily visits for most users, flocking to a central point of new social media content. The benefits are tremendous, but the downfall comes at the expense of giving up your personal information and data in exchange for new mediums of sharing. If you publish something popular, like a widely shared status update, Facebook takes the monetary reward without so much as a “thank you.” There are ways to publish on these sites and earn income, but for the majority of the mass user base, this will never happen since the model relies on you (the user) giving Facebook your information in exchange for accessing the service. From where we sit today, the current model has become stagnant, according to Sun. His vision involves blockchain breaking down the need for a centralized server that controls delivery and distribution. Rather than leave the FANGs (Facebook, Apple, Netflix, Google) in charge, Sun’s vision will be the catalyst that truly opens a free internet where content flows from user to user and is monetized in a secure ledger on the TRON blockchain. At least, that’s the plan. Getting there is the battle, but TRON, under Sun’s leadership, is making waves in the crypto space and visible progress toward bringing blockchain usage to the masses. Why is TRON Different? We have blockchains running with fairly wide acceptance already, why do we need another in the form of TRON to bring about this digital media revolution? There are some key differences between TRON and competitors that make it more suitable to manage this new peer-to-peer digital marketplace than compared to blockchain 1.0 or 2.0 contenders, like Bitcoin or Ethereum, respectively. While Sun has expressed his appreciation for Bitcoin, saying, “it was the gateway for many into the world of blockchain technology,” his project has already leapfrogged it in terms of technology and features. TRON has moved far beyond the Proof-of-Work (PoW) consensus mechanism which drives Bitcoin, and started out of the gate with a Delegated Proof-of-Stake (dPoS) algorithm to validate network transactions. TRON vs. Ethereum The dPoS algorithm by itself sets TRON ahead of Ethereum, which is currently playing catch-up in terms of adopting Proof-of-Stake. In addition the PoS, TRON also features a smart contract layer, called the TRON Virtual Machine, which competes directly with the Ethereum Virtual Machine. TRON has gone the extra step of ensuring that software which is written in Solidity, the Ethereum smart contract language, will be easily transposed to TRON. Sun has decided that Ethereum, not Bitcoin, is the market he’s targeting and his over-the-top marketing has made it abundantly clear. Back in April, Sun posted a chart on Twitter which claimed several major advantages over Ethereum: Why #TRON is better than #ETH: 1. 10000TPS vs. 25TPS 2. zero fee vs. high fee 3. consistent Coinburn vs. no coinburn 4. Java vs. Solidity 5. strong extensibility vs. no ex. 6. 1 billion USD developers rewards vs. no plan 7. 100 million users vs. small number #TRX $TRX pic.twitter.com/WvxH5EToa8 — Justin Sun (@justinsuntron) April 6, 2018 Of course, as you’d imagine, this type of taunting did not sit well with Vitalik Buterin, Ethereum’s creator, who wasted little time in offering a stinging rebuttal: 8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content) — Vitalik Non-giver of Ether (@VitalikButerin) April 6, 2018 Buterin’s comment about “Ctrl+C + Ctrl+V” is in reference to the allegation that some of TRON’s codebase has been plagi

10 days ago

Op-Ed: Is Ripple (XRP) a Deceptive Cryptocurrency?

Ripple, has been in the news for so many reasons this year. The digital coin XRP was recently making waves for being the preferred choice now to global leading partners. For a coin, which started the year on a very poor note to turn things around, should at least bring a little joy and hope for its investors and potential ones about the future. However, Ripple’s recent buzz around it has thrown its investors into another state of uncertainty, asking the question that, is the Digital coin’s sudden rise, another adventure which at the end will prove to be hopeless as they’ve witnessed in the past. The Digital currency entered the crypto market with a bang, and the coin within a short period amassed quite some number of investors. It’s smooth sailing into the top further endorsed its notion as the next Bitcoin. Things started falling apart soon as the coin’s value started crashing and very soon, investors who saw their assets reduced to nothing, got themselves stuck in all sort of perceptions about the coin. Some still believe that, Ripple XRP a real cryptocurrency, a thought, which had spread throughout its investors, during those hard times. Many investors have doubted any coin which didn’t have the same traits and qualities as Bitcoin, as it is considered to be the father of all cryptocurrencies. XRP doesn’t have the regular standard cryptocurrency features and focuses much on making its blockchain as strong as it could be. Ripple is not mined like Bitcoin and many other cryptocurrencies, which is a very big deal for many crypto investors. It’s a blatant Ponzi scheme. It serves no purpose other than to enrich it’s founders and the holders at top of the pyramid. — Francis Pouliot (@francispouliot_) October 29, 2018 XRP’s numbers further went down after revelations and Circulating speculations about how the parent company has means to control the price of the coin since they decide on the amount to make available in the market. To many investors, Ripple’s fairytale journey had come to an end, and was prepared to cut their losses and moved on since the coin’s performance was nothing to write home about. Fast forward; it seems XRP has again gathered some momentum and its building up for the future. Ripple recently led the surge in the value of the crypto market, after it was down for months. This series of events has once again drawn the attention of crypto investors unto the digital coin after it became somewhat of the forgotten hero for quite some time. Reports recently suggested that Ripple’s XRP is now the most attractive cryptocurrency for leading global partners and has already partnered with some huge financial firms these past few months. Looking at the way things are shaping up around Ripple, there could only be a brighter future for it; investors are convinced that the coin is just taking them for a joy ride once again, which will leave them in the middle of the journey. Disclaimer: The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. The post Op-Ed: Is Ripple (XRP) a Deceptive Cryptocurrency? appeared first on ZyCrypto.

10 days ago

Ethereum’s Smart Contracts Lack Diversity, Posing Risk to Entire Network

Although Ethereum is the second most popular cryptocurrency, with a market capitalization of $21.47 billion, and has the strongest developer community network, a University-based research paper recently discovered that most contracts on the Ethereum network are direct or near-direct copies of other contracts. Having widely available code may be the driving force behind Ethereum’s popularity. However, it puts the entire network at risk, especially if there are vulnerability and bugs in the original code. Substantial Code Re-use in Ethereum According to the paper titled, “Analyzing Ethereum’s Contract Topology,” published by the Northeastern University and the University of Maryland on October 31, 2018, while the Ethereum platform is very popular with developers, there is substantial re-use of code within the network. The analysts found that the 1.2 million user-created contracts can be reduced to clusters of 5,877 contracts that have a highly-similar code. The lack of diversity and variation shows that a small bug in a contract could result in a wide-spread impact on the Ethereum user and developer community. These bugs and vulnerabilities in the system have been discovered in the past which have, unfortunately, led to attacks, costing the Ethereum community hundreds of millions of dollars in lost value. At the rate of the network’s growth, Ethereum’s lack of different code becomes an increasingly pressing issue. To reach these conclusions, the analysts from both Universities collected the bytecode from all the contracts published to the Ethereum blockchain during the first 5 million blocks which occurred three years ago, in 2015 during Ethereum’s initial release. They also collected modified data from Ethereum’s virtual machine, known as Geth, and logged all interactions between contracts and users. Lack of Diversity Concerning As Ethereum Grows Ethereum is currently the most popular blockchain platform for developers. Ethereum’s market capitalization and exchange rate, which has grown over 1,000-fold since its inception. There are also approximately three times more smart contracts on the Ethereum network than any other blockchain network. Ethereum’s usage, measured by the number of transactions in the system has also increased exponentially, with the average number of transactions per day rising from 40,000 to over 1 million. Although Ethereum experienced a drop in price from its all-time high in January 2018 at $1,477, to $208.09 in November 2018 as seen on CoinmarketCap, the paper noted that the growth and number of transactions per day have remained relatively stable. Ernst and Young’s ICO 2017 Report demonstrated similar findings. While NEM, NEO, Waves, and Stellar attracted a lot of attention in 2017, no other blockchain platform managed to rival Ethereum. The Ethereum developer community remains strongest on Github and has the highest social media activity across Facebook, Twitter, and Reddit. At the current rate, the Ethereum platform will continue to attract more contracts. The research paper, however, stressed their concerns of repeatedly using highly-similar code. They noted that the few creators compared to the number of overall contracts will result in code being reused extensively, affecting the overall reliability of the contract ecosystem. Furthermore, in a blockchain system like Ethereum, smart contracts cannot be changed as it becomes apart of the blockchain state. Creators need to make entirely new contracts and migrate existing or old code over. Analysts Concerned Due to Past Attacks The University research paper noted that Ethereum suffered many attacks in the past due to vulnerabilities in their code. A great example is the Decentralized Autonomous Organization (DAO) hack. Known as “the mother of all smart contract hacks,” the DAO was a venture capital fund for cryptocurrency companies that operated without a central Governing Authority. They completed everything through smart contracts and encoded all rules, and financial transactions on the blockchain. While the DAO raised 12.7 million Ether (approximately $150 million at the time) in May 2016, making it one of the largest crowdfunding projects, it was soon hacked a month later in June 2016. Unfortunately, there was a bug and loophole in the DAO’s code, which allowed the hacker to drain funds from the company. In the first few hours, the hacker stole 3.6 million ETH (approximately $79.6 million at the time.) The DAO hack is unfortunately just one example. Others include the Parity hack, an incident in July 2017, where a hacker attacked the Parity Wallet organization and stole 150,000 Ethereum (approximately $30 million US at the time.) despite being reviewed by a solidity expert and undergoing extensive auditing and peer review process. Ethereum’s Smart Contracts Lack Diversity, Posing Risk to Entire Network was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

10 days ago

@whitepaper_vc Greetings. Bancor $BNT will be available on t...

@whitepaper_vc Greetings. Bancor $BNT will be available on the Waves DEX soon. Nothing has been changed regarding t… https://t.co/EN3jy6gYuG

14 days ago

India Still Uncomfortable With Digital Currencies, May Ban Crypto Altogether

On a typical spring day in April, Indian cryptocurrency traders were conducting their business as usual when a snap announcement by the country’s central bank sent waves of panic across the country. The Reserve Bank of India had put a ban on banking relationships with all crypto entities in the country. This meant that all crypto companies in the country, including homegrown exchanges, would not be able to maintain banking accounts or facilitate fiat transactions directly for the users. A few months down the line, the Indian government hasn’t adopted a more positive approach to digital currencies and may be planning to ban it altogether. FSDC Discusses Digital Currencies The Financial Stability and Development Council (FSDC) met on October 30. The council, headed by finance minister Arun Jaitley discussed digital currencies and adopted a hawkish stance. According to the Press Information Bureau: “The council...deliberated on the issues and challenges of crypto assets/currency and was briefed about the deliberations in the high-level committee chaired by the secretary (economic affairs) to devise an appropriate legal framework to ban the use of private cryptocurrencies in India.” Crypto Kanoon, a platform dedicated to understanding the legal and regulatory implications of digital currencies in the country suggests that the term “use” in the statement refers to all crypto activities - including buying, selling, transacting in any way or even converting digital currencies to Indian Rupees. However, it doesn’t extend to the possession of digital coins. Crypto Panel Also Goes Hawkish Various Representatives from the Indian banking sector and markets regulator attended the meeting. The secretary of the Department of Economic Affairs, Subhash Chandra Garg was also present at the meeting. He is the head of a panel on cryptocurrencies. Set up in December 2017, at the height of the crypto craze, the panel was entrusted with the task to create rules that would help in the regulation of the crypto market. It was expected to submit a draft of regulations in July this year, but that has been continuously delayed. BP Kanungo, deputy governor of the RBI and Ajay Tyagi, the chairman of Securities and Exchange Board of India (SEBI) also participate in the panel. The Indian crypto market has landed in a sticky situation. The country’s largest exchange Zebpay has already closed its exchange activities and is focusing on its wallet alone. Indian trading volumes are barely one-tenth of the December peak now. India Still Uncomfortable With Digital Currencies, May Ban Crypto Altogether was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

14 days ago

Waves Sets New Throughput Record of 6.1 Million Network Transfers

In the cryptocurrency and blockchain industry, building scalable solutions is an ongoing process. While it seems to be only a matter of time until a major breakthrough occurs, the Waves team has achieved an interesting milestone. Network statistics indicate the network handled 6.1 million transactions without any problems. Waves Transaction Throughput Soars Over the past few years, there have been numerous attempts at setting new transaction throughput records. Various currencies have held the title to date, including XRP, EOS, and Ethereum. At the same time, all of these currencies show how direly Bitcoin needs to scale if it wants to remain a competitive option. A surprising new entrant has emerged in the transaction throughput debate. A recent blog post by the Waves team shows how the network holds the new official record for transactions during a 24-hour period. This statistic was recorded on the main net, rather than the testnet, which makes this new record all the more impressive. To date, the previous 24-hour transaction record sat at 5.4m transactions on the EOS network. That is a very high number, especially when compared to Bitcoin and most other top altcoins. It now appears that Waves has smashed this record in quite a significant manner, as the new record sits at 6.1 million mainnet transactions. This number was reached without any network disruptions, indicating a higher throughput is certainly possible. It is important to note how this number has been calculated. According to the team, nearly 109,000 transactions took place. Of that number, nearly 61,000 were MassTransfers, which “bundle” 100 network transfers in one batch. As such, a total of 6,141,108 transactions took place on the Waves network without any problems. At peak times, hundreds of transactions were processed every single second. Although these figures are pretty impressive, one has to keep in mind Waves does not have much traction outside of cryptocurrency. As such, it will not necessarily be adopted by corporations or institutions around the world. Waves does show blockchain scaling can be taken to a whole new level without many problems, which is rather promising for the industry as a whole. The main reason for achieving this milestone comes in the form of Waves-NG. This consensus algorithm employed by the network is based on Bitcoin-NG. Miners for transactions are determined in advance, which allows them to process network transfers in near real-time. A very interesting solution which shows scaling can be achieved in many different ways for cryptocurrency projects. The post Waves Sets New Throughput Record of 6.1 Million Network Transfers appeared first on NullTX.

15 days ago

Tim Draper: Bitcoin Price to Hit $250K by 2022, Will Change the Way Governments Do Business

CoinSpeaker Tim Draper: Bitcoin Price to Hit $250K by 2022, Will Change the Way Governments Do Business Back in April this year (when Bitcoin was more than $8.000), the crypto enthusiast had, during his reality show “Draper Block(chain) party”, predicted that Bitcoin will continue it’s bullish growth. Already then, this sounded pretty optimistic as investors were crying over the 50 percent drop in the price at the beginning of the year. Still, even though the price continued to fall, crypto industry was still expanding. At the Crypto Invest Summit in Los Angeles, Draper said that he believes that individuals had the potential to “start their own government”, where social security could be ensured more efficiently and effectively. He added that he believes that Bitcoin will be among the top five currencies from the “$86 trillion” evaluation. Draper said: “So right now, there’s $86 trillion of political currency. They call it ‘fiat’ currency, but it’s political. And I believe that that currency will slowly be eaten up by a better currency which is global, decentralized, frictionless. It’s just better currency. Bitcoin’s a better currency. And I think Bitcoin will be one of five [cryptocurrencies].” Bitcoin is Secure and Has Never Been Hacked Crypto communities took this like sort of a prophecy and it’s not strange if we consider the fact that Draper already has an impressive track record with predicting bitcoin price movements. In 2015, he accurately predicted that bitcoin would top $10,000 by the end of 2017. Just for a reminder, BTC grew above $13,000 on December 31, 2017. In an interview he gave to The Street, he says that people can have complete trust in Bitcoin even though it uses a lot of energy. “What’s great is that when you buy some Bitcoin or you move something on a block, it is secure and you know that all those people and all those computers are making sure that that block was moved properly. There are plenty of hacks around the crypto-world but the Bitcoin blockchain has never been hacked and you know, knock on wood, we don’t think it ever will be. I think that having that consensus brings an extra boost to confidence. In fact, I am more confident in my Bitcoin than I am in the U.S. dollars in Wells Fargo.” Draper confirmed that SEC’s decision about regulating cryptocurrencies is extremly important, He is confident that SEC will not follow China’s steps. He is known to admire Japan for recognizing Bitcoin as a legal currency. “The United States is open for business! We intend to compete to retain the world’s best innovators. I think the SEC is torn and I think it’s it’s okay because they’re torn between like going after the fraudsters who are taking advantage of the elderly, and making sure that all that technology does stay in the US. They know that it’s a competitive world out there.” For sceptics around, he compares the cryptocurrency with the beginning of the Internet itself claiming that the way blockchain and cryptocurrencies are behaving at the moment resemble that of internet a few years back before the technology took the world by storm. He added: “The internet started in the same way, it came in big waves, and then it came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here, with bitcoin”. Market Capitalisation to Expand by 5,000% However, Nigel Green, founder and CEO of deVere Group, one of the world’s largest independent financial advisory organisations, which launched deVere Crypto, the pioneering cryptocurrency app earlier this year, forecasted that the next decade will be not the same for the cryptocurrency. He points out that, although Bitcoin has irrevocably changed the traditional financial system, its price is expected to “drastically reduce” in the next 10 years, while the entire market capitalisation is going to expand by 5,000% before 2028. On the other hand, hedge fund manager, Mike Novogratz claimed that Bitcoin could reach $10000 by the end of the year. He said: “One thing you learn in this process is that everything takes a little longer than you hoped it would. I don’t see us breaking $10,000 by the end of the year.” The host of the CNBC’s Crypto Trade show Ran Neuner said that he believes the Bitcoin consolidation is almost over and it’s ‘about to explode’. Approval from the SEC, thinks Neuner, could trigger Bitcoin price surge raising it exponentially. Also, he adds, the approval of Bitcoin ETF would be a much bigger news than the Bitcoin futures. This would, in turn, lead to a flood of institutional money flowing into the market. This year’s Halloween marked the 10-year anniversary of the foundations of bitcoin, the world’s first cryptocurrency. If Draper is right and the Bitcoin comes to the price of $250,000 within the next four years, that means that the market cap will be around $5.25 trillion. Tim Draper: Bitcoin Price to Hit $250K by 2022, Will Change the Way Governments Do Business

15 days ago

Dilip Rao On XRP: The Fastest Crypto Network Is The Ultimate Solution To Liquidity Problems

The crypto community has been known to castigate Ripple, a blockchain development company, for using the blockchain technology to team up with banks. As is also known, cryptos and banks don’t exactly see eye-to-eye, given that cryptos basically seek to throw traditional banks out of business. The Crypto Community Hates Ripple Ripple is the originator and creator of the XRP crypto token, a cryptocurrency that’s now making huge waves in the crypto market. Having battled its way up into the top 10 most popular and largest cryptos by market cap, XRP is now one of the most talked-about cryptocurrencies currently in the market. However, its earlier affiliation to Ripple has led some critics to argue that the digital currency isn’t entirely decentralized like other tokens. As a matter of fact, XRP was mined and put into the market by Ripple, meaning that there’s currently no XRP mining. As such, some in the crypto community opine that XRP is still under Ripple’s control, making it a bit less of a truly decentralized digital currency. However, the company itself has come out to clarify that Ripple and XRP are entirely different entities and that Ripple’s retains no control over XRP. Dilip Rao Thinks XRP Is The A-Team However, Ripple, being the creator of XRP and having it as the focus of its blockchain-based business model in developing payment solutions, continues to support the cryptocurrency as a major player in the crypto market. One such instance is when Dilip Rao spoke at the Global Islamic Economic Summit hosted in Dubai. Dilip is the Global Head for Infrastructure Innovation at Ripple. In his speech, Dilip said that blockchain-based DLT (Distributed Ledger Technology) is the solution to many problems facing the world today. He touched on Ripple’s co-operation with banks in providing fast and reliable financial payment solutions while respecting compliance rules. He went on to speak of the importance of co-operation among various financial networks (especially crypto ledger networks). In fact, Ripple has pioneered that development with its InterLedger Protocol. Dilip then praised the XRP Ledger as the fastest crypto network in the world. Currently, the XRP network can process up to 1,500 transactions per second. That’s very fast as compared to the Bitcoin network that can only handle about 7 transactions per second. He emphasized the role of XRP in providing banks with the transactional secrecy and privacy they need while offering them the best possible way to solve the liquidity problem. The post Dilip Rao On XRP: The Fastest Crypto Network Is The Ultimate Solution To Liquidity Problems appeared first on ZyCrypto.

15 days ago

Ripple Rolls Out Settlement Tools But Skepticism Remains

Ripple has been making waves the past month by offering on-demand liquidity to banks for transnational settlements using XRP, but not everyone’s happy. Although the new platform could significantly boost volume for the No. 3 ranked crypto with $17.8 billion in market capitalization, it has attracted plenty of criticism from the larger crypto community. “Multi-hop gives RippleNet members the ability of transacting with banks or payment providers or digital wallets that they don’t have a direct relationship to. That’s so important because in today’s world, you need a bunch of bilateral relationships clunkily put together in a chain ... to move money,” said Craig DeWitt, director of product, in an Oct. 29 company vlog. DeWitt added that the fastest and cheapest payment options can be available to users when they go through xRapid. Through finance-facing platforms such as RippleNet, banks can move tens of millions (or more) across borders in minutes (rather than days) in more than 40 countries. And do so at lower cost than traditional wire services. These cross-border transactions are powered by xRapid, which Ripple said in an Oct. 1 announcement eliminates the need for pre-funded accounts. (The liquidity is derived by converting XRP into sovereign fiat on global cryptocurrency exchanges.) XRP may “grease the wheels” of a tokenizing global economy by circumventing the impediments of legacy systems. But skepticism remains because of the parties involved. Ripple has been criticized for developing centralized tech in a blockchain industry that celebrates decentralized money. Many crypto users are inclined towards trustless coins powered by distributed nodes mainly because these do away with the very institutions whose actions led to 2008 Financial Crisis. “Why work with and trust the same institutions?” critics say, when Nakamoto-inspired innovations now make possible peer-to-peer, direct exchanges of value. Aside from re-establishing the role of the middleman (and his fees), the skepticism stems from distrust of large institutions. Much of Ripple’s leadership team come from Corporate America (from companies such as Citibank, Google and IBM) — and this clashes with the rogue culture of early developers who want a total disruption of centralized business practices. Traditionalists argue that tokenization of assets may be the future. But these projects need to operate within existing regulatory frameworks that govern financial institutions, which is what’s needed for mass adoption to occur. Hallucinations of crypto-anarchism won’t fly in the real world where, from a pragmatic standpoint, the banking industry is among the most regulated of any sector, along with utilities, airlines and healthcare. “This is where FinTech has struggled. Pure code is one thing, but it has to also be compliant and regulated,” said Ripple executive chairman Chris Larsen at last week’s Money 20/20 conference in Las Vegas. “Technology is embedded in everything these days, and people are scared. They don’t want to hear how you’re going to break things.” Ryan Taylor, CEO of No. 12 ranked Dash, told Crypto Briefing that governments will need to eliminate regulatory uncertainty so that blockchain and cryptocurrency operators have guidance moving forward: Right now, regulatory uncertainty is preventing a lot of businesses from jumping in to provide services or accept payments in digital currencies .... In particular, with big banks and financial institutions jumping into the space, regulators will have to start addressing these concerns in the near term, which will hopefully provide some further clarity for projects in the industry and will encourage continuous innovation and development of these technologies. Ripple’s still facing plenty of regulatory uncertainty, but that hasn’t damaged its bottom line. Last week the company announced that it sold $163 million worth of XRP in Q3. The company also released 3 billion XRP out of escrow. The author holds digital assets but none mentioned in this article. The post Ripple Rolls Out Settlement Tools But Skepticism Remains appeared first on Crypto Briefing.

16 days ago

Crypto Startup Incent Partners With Australian Esports Company To Reward Fans

Cryptocurrency startup Incent (INCNT) has announced a partnership with Gfinity Esports Australia, to bring blockchain to esports. Gfinity is currently building a competitive framework for esports in the country. Built on top of the WAVES blockchain, INCNT will be used to reward and interact with fans. INCNT claims to have over 5,000 registered users and 400 merchants rewarding their customers. Partnership with Gfinity is Incent's first foray into esports. Incent (INCNT) is priced at $0.16335, losing 4.77% in the last 24 hours. (VS)

16 days ago

Ron Paul Promotes Cryptocurrency, Blasts Federal Reserve

Ron Paul, the former U.S. representative, has blasted the policies of the Federal Reserve and says cryptocurrency transactions should be exempt from taxes. Ron Paul was known as a very libertarian firebrand during his time in the U.S. House of Representatives. While he is no longer in public service, the 83-year-old is still making waves,...

16 days ago

Interview: Blockstream’s Allen Piscitello on Liquid, the Lightning Network, and Bitcoin Core

Allen Piscitello, Blockstream’s Director of Product Management whose main professional focus has been on the Liquid Network, has agreed to answer to a few of Vlad Costea’s questions. This interview is part of Crypto Insider’s celebration of Bitcoin’s tenth anniversary, as Satoshi Nakamoto has famously published the Bitcoin Whitepaper on October 31st 2008. Conceptually, it’s fascinating to observe how far Bitcoin has come: we’ve reached the point where sidechains and second layer solutions are realistic and functional implementations, so Satoshi’s vision of having a scalable competition for banks while retaining accessibility and decentralization is closer to us than ever. However, Blockstream has managed to become a divisive entity in the Bitcoin community, as some members have questioned its legitimacy and its intentions. On one hand, it’s the most upfront, vocal, and involved company in the development of every project which seeks to build layers on top of Bitcoin without compromising the decentralization of the network. On the other and, it seems to be centralizing the talent, the brains, and the resources under a common institutional umbrella, and this type of arrangement is bound to attract criticism. For the purpose of describing Blockstream’s latest releases and the overall involvement in projects such as the Lightning Network and Bitcoin Core, Allen Piscitello has agreed to speak to Vlad Costea and answer to both uncomfortable and PR-friendly questions about the products. As a bonus, the video attached and the transcript also contain a brief dialogue about Magical Crypto Friends, the show which is sometimes deemed as “Blockstream propaganda”. There’s no better way to celebrate this unique anniversary than to get an insight on the future of Bitcoin — and whether you like it or not, the company founded by the likes of Adam Back, Gregory Maxwell, Mark Friedenbach, Pieter Wuille, Jonathan Wilkins, Erik Svenson, and Jorge Timon is the pioneering entity which takes Satoshi Nakamoto’s invention to unprecedented highs. Vlad: Hello and welcome to the Crypto Insider interview! I’m Vlad and today I will be interviewing Allen Piscitello who works for Blockstream, and I’m going to allow him to introduce himself and distinguish between whether or not he speaks on his behalf, or he mentions whatever the statement or the views of the company are. And please, you may speak right now. Allen Piscitello: Alright, yes. My name is Allen Piscitello, the Director of Product Management of Blockstream. That’s what my job is, to help define products that we build at Blockstream. My focus has mostly been on Liquid, which we just released in the last couple of weeks, we have quite a few different exchanges, financial institutions, brokers, traders on this platform to have faster and more private Bitcoin transactions along with other assets. I’ve been at Blockstream for just over a year, I’ve been in the Bitcoin space for nearly seven years as well. So I’ve been following Blockstream since the very beginning and have only recently joined. So thanks for having me on, Vlad! Vlad: Oh, this is a privilege! It’s the first time when I speak with somebody from Blockstream. And there is some sort of mystification of Blockstream going on online. If you read many threads on Reddit, they’re going to mention “Oh these people are not very transparent. They don’t want to speak. They’re concealing themselves from the public eye!”. And I even watched a video, which I think was on the Monero threads, and it was at some conference where Adam Back was also attending. And Fluffy Pony just went there to the reporter and gave and interview while Adam Back had to be persuaded, and he was a little more reluctant to speak to the reporters. Is it just because he’s shy, or do you think he has something to conceal from the reporters, as they might ask malevolent questions? Allen Piscitello: I think it depends on the situation, I know Adam’s definitely one of the more shy people out there. I remember one of my first exposures to Adam, actually, was in 2013 when there was a big deal that they had him on a podcast. And he was very, I think, quiet. He didn’t say very much about things and that’s changed a lot over the years: he’s been speaking at a lot of conferences and he’s been fairly influential in the space. But you know, I think that his comfort zone is in building cryptographic systems and coming up with great ideas rather than being the PR frontman. So I think that might be part of what was going on, I think there’s also a little bit of concern because there are a lot of not-so-fair journalists who do have an agenda. You know, some random stranger comes up, it might not be clear if it’s someone looking to get a “Gotcha!” moment or someone looking to have an honest interview. So I think that might be part of it as well. But I wasn’t there, I can’t speak exactly for what it is, I can only speculate on what it is based on how I know Adam. Adam’s always

17 days ago

Waves launches 1M WAVES fund initiative for blockchain video game developers

CryptoNinjas Waves, the custom blockchain platform recently announced a new project to provide tools for developers to integrate blockchain into their games — quickly. To help realize this, Waves platform is creating a fund of one million WAVES to motivate... Waves launches 1M WAVES fund initiative for blockchain video game developers

17 days ago

Falling Bitcoin Price Volatility Now Lower Than Tech Stocks

Cryptocurrency, Bitcoin (BTC)-While there are a number of reasons detractors of Bitcoin give for the lack of viability as a payment source, price volatility has become a focal points for both economists weighing in on the situation in addition to general observers. However, the falling turbulence of the crypto markets has now culminated in the price of Bitcoin being less volatile than that of tech stocks through the traditional markets. Much of the falling price fluctuation for BTC can be attributed to the ongoing bear market of 2018. Since reaching an all time high of near $20,000 last December, the price of BTC declined throughout the year to its current price-bounded range between $6300 - $6500. While most crypto investors lament the lack of price appreciation for the coin, which has retraced almost all of the gains experienced in the second half of 2017, others see the dropping volatility as a strong indicator for the long-term health of the crypto markets. December 2017 into the first month of this year saw the crypto markets bloat to an unsustainable level, creating numerous overnight millionaires while also destroying fortunes in the subsequent and rapid price fall. Decreased price volatility provides a more usable currency in Bitcoin, with real transactional adoption able to look attractive to investors and users as opposed to appreciation through price speculation alone. Now Bloomberg is reporting that the falling volatility of Bitcoin price has dropped below that of tech stocks, making the cryptocurrency a stable investment relative to that sector of the market. “The [tech] sector has been front and center of the global equity sell-off while the digital currency has remained listless. That’s pushed the spread between the 10-day volatility of the NYSE FANG+ Index and the digital currency to a record high of 46 percentage points, according to Bloomberg data.” Bloomberg reports that the trend in increasing tech volatility relative to that of the top cryptocurrency by market cap may continue in the near term, as the tech industry continues to create choppy waves in the wake of disappointing earnings statements by Amazon.com Inc. and Google’s Alphabet Inc. Timothy Tam, co-founder and CEO of cryptocurrency research firm CoinFi, reports that tech is being hit particularly hard due its impressive performance throughout the last several years. As more uncertainty mounts in the traditional markets, with JPMorgan publishing a report earlier in the week that the U.S. has a 60 percent chance of entering a recession by 2020, tech stocks will continue to bear the brunt of early selloffs, “Volatility is coming into the traditional markets and when things correct, it’s going to be the outperformers like tech which are the most volatile,” Depending upon how the crypto markets fair over the coming months, Bitcoin and other well recognized, large-market cap currencies could benefit in the interim, with investors looking to shelter or re-ignite their gains in the crypto markets as traditional stocks become less viable. Falling price volatility, even without an accompany appreciate in value for Bitcoin and the altcoin market, is going to quiet the detractors who claim crypto adoption cannot occur with via the erratic nature of the currency. The post Falling Bitcoin Price Volatility Now Lower Than Tech Stocks appeared first on Ethereum World News.

18 days ago

Inside The Unbreakable Crypto Bunkers: How One Company Is Securing Billions Worth Of Cryptos

Holding huge amounts of cryptocurrencies is a risky endeavor which in a number of cases has led to life-threatening experiences. With the value of cryptos having risen exponentially in 2017, crypto millionaires became a target for criminals. This created a huge demand for crypto safekeeping solutions and a number of startups came up to capitalize on this. One of this is Vo1t, a startup that has grown by leaps and bounds in a short time. For the first time, Vo1t revealed the structures put in place to safeguard the billions of dollars’ worth of crypto under their custody. The Unbreakable Crypto Bunkers Two years ago, a former independent security consultant to the U.K’s Ministry of Defense identified a lucrative business opportunity. The consultant, Miles Parry, launched Vo1t to little fanfare, but the firm now holds billions of dollars’ worth of cryptocurrencies. Vo1t (pronounced as Vault) has remained under the radar, attracting little attention to itself, with Parry refusing to give any media interviews. In his first interview, Parry gave Forbes an inside look at what is one of the most secure crypto storage methods to date. Vo1t has built an undisclosed number of underground bunkers, all with the highest levels of security measures. The bunkers contain vaults which, if any of their hidden trip switches are set off, erase the personal keys to the crypto fortunes held. This ensures that should any unauthorized person bypass all the other measures - which is in itself a herculean task - he can’t get to the stored keys. The firm has duplicate keys stored in other locations, in different countries, regions and continents in case this happens. The bunkers are protected by a team of highly-trained ex-military persons that patrols the location 24 hours a day. This protection is supplemented by a military-grade security gate which requires eight verification keys, all held by different people, some who are located in different regions. With cryptos being easily hacked over the internet, the vaults are internet-free. To further keep hackers away, the vaults are sealed within a Faraday cage to block all radio waves from accessing the servers. All the crypto fortune secured by Vo1t is further covered by digital asset insurance from London-based insurance giant, Aon. This top-level security has attracted many institutional crypto investors, a majority of whom are publicly listed companies in the U.K and the U.S. A majority of these companies asked not to be revealed as this could put their employees in danger. The only exception was David Allen, the COO of Equity Trust, a Westlake, California-based IRA provider. Speaking of his confidence in the level of security employed by Vo1t, he stated: Vo1t have the technology, speed and security to keep our clients’ digital assets safe and the ability to quickly withdraw and convert back to cash when they need Vo1t’s CEO has avoided any media attention, one of the factors that have pleased his clients. And even in his interview with Forbes, he didn’t disclose how much crypto the firm had in custody. This has been partly because it would put his employees in danger of being targeted by criminals. However, targeting the employees, or even Parry himself, would be pointless, he revealed. Even if someone got my entire team into the bunker together, past all the security, they’re going to trigger the failsafes anyway. And when they do the location becomes worthless The post Inside The Unbreakable Crypto Bunkers: How One Company Is Securing Billions Worth Of Cryptos appeared first on NullTX.

18 days ago

Waves’ Blockchain Gaming Fund Raises Nearly $2 Million

Waves (WAVES), a blockchain platform centered around a multi-currency wallet that features a decentralized exchange (DEX), has launched a nearly $2 million fund (1,000,000 WAVES) dedicated to building games on its network. #WavesPlatform enters the global market of #gaming with a major campaign. A total fund of one million $WAVES will be offered along with extensive

20 days ago

Waves Blockchain Hits Milestone with 6.1 Million Real-Time Transactions

The race to build the best public blockchain will be won by those that would scale in line with volume. On a Sunday, a blockchain project realistically did it, though for 24 hours. Waves Platform, comprising of a digital ledger project and decentralized exchange (DEX), processed 6.1 million real-time transactions in a stress test. As it The post Waves Blockchain Hits Milestone with 6.1 Million Real-Time Transactions appeared first on CCN

20 days ago

Waves Price Analysis: WAVES Continues To Trade Sideways, Trapped Between $1.77-$2.42 Range

WAVES/USD is trapped within a tight range bound between $1.77 and $2.42. WAVES/BTC is currently being supported by a... The post Waves Price Analysis: WAVES Continues To Trade Sideways, Trapped Between $1.77-$2.42 Range appeared first on Invest In Blockchain.

21 days ago

Waves Offers 1 Mln of Native Coins for Building Games on Its Platform

Waves hopes to retain game makers with big crypto prizes

21 days ago

Gaming Is Making WAVES In The Crypto Space

The potential that blockchain has for gaming seems never-ending. The gaming world and blockchain, if they were to work together, could see endless possibilities. This is why so many crypto projects have entered the gaming space. This includes Ethereum which introduced their game CryptoKitties and seems to have got a popular fan base surrounding it too. The first game on the TRON blockchain was recently introduced to thanks to BitGuild. BitGuild is focused on ownership of assets with an aim on gaming to let users own assets and have proof of scarcity thanks to the blockchain so that users can know the true value of assets and create a safe ecosystem for trading assets. WAVES is the latest cryptocurrency project to enter the gaming space. Now, there are over a billion people across the globe that play video games, it’s an industry which seems to be growing every day with hit blockbusters such as The Witcher 3 and the recently released Red Dead Redemption 2. WAVES know what blockchain can help the space massively and when it comes to tokenisation, this is specifically true. The new initiative would be aimed at creating tools for developers to make integrating blockchain to video games easier. There has now been a fund which has been created with over a million WAVES in order to motivate developers. Currently, the fund is worth almost $2 million dollars according to CoinMarketCap. The CEO of WAVES, Sasha Ivanov made a statement to offer regarding the initiative. “This initiative was launched to showcase the versatility of Waves technology and stimulate its adoption in such an important industry as gaming. I believe that the gaming sector will be an enthusiastic adopter of the blockchain, and will drive its widespread use. Given the mutual opportunity here, we are more than ready to reward developers for the effort they make in implementing their projects within Waves ecosystem.” The team behind WAVES will also be helping developers by providing additional advice and guidance regarding embedding WAVES functionality into the games. The initiative was introduced at the crypto games conference in Belarus which took place last week on October 17th-18th. What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Gaming Is Making WAVES In The Crypto Space appeared first on Crypto Daily™.

21 days ago

Waves Offers $2 Million To Game Developers On Its Platform

Blockchain platform Waves has announced a new initiative to attract game developers to its platform. It involves a massive fund of 1 million WAVES (approx. $2 Million) set aside to fund game development. Sasha Ivanov, Waves Founder and CEO said, "This initiative was launched to showcase the versatility of Waves technology and stimulate its adoption in such an important industry as gaming. I believe that the gaming sector will be an enthusiastic adopter of blockchain, and will drive its widespread use." Waves will allow game developers to build their own marketplace with Waves' decentralised platform on its back-end. Waves (WAVES) is priced at $1.92, losing 1.38% in the last 24 hours. (VS)

21 days ago

One Million WAVES Offered to Game Developers Who Build on Waves Platform

The Waves platform has launched a promotion to entice gaming companies to build on their blockchain, and will be offering 1 million WAVES to developers who take on the project.

21 days ago

Litecoin Creator Charlie Lee Says BTC, ETH and LTC Are the "Bellwether Cryptos"

Litecoin Creator Charlie Lee is once again making some waves in the crypto community. In a tweet today, he pointed to Bitcoin, Ethereum and Litecoin as the “bellwether cryptos.” While BTC and ETH are the top to coins based on value, LTC is currently ranked as No. 7. Lee explained: “They are the only coins that are traded on every major crypto exchange and can be stored on every hardware wallet.” He added: “Easily buying and securely storing other coins is really a PITA.” Lee’s Twitter followers mentioned the fact that he left out Bitcoin Cash (BCH) from the leader pack. In recent days, Lee also said that “the backward and forward compatibility of Bitcoin/Litecoin updates is highly underappreciated in this space IMO.”(GT)

21 days ago

The Government of Japan Gave Approval for Self-Regulation of the Crypto Industry

Japan has been hit with waves of cryptocurrency related hacking in recent times. In a bid to curb this, through enforcing guidelines dedicated to keeping clients money safe. Japan’s Financial Services Agency (FSA), has issued a mandate for self-regulation within the cryptocurrency industry. This self-regulation is expected to be overseen by the Japan Virtual Currency […]

22 days ago

Decentralized[?] Ethereum Exchange IDEX Waves Goodbye to New York Traders

IDEX, a self-described decentralized cryptocurrency exchange (DEX) that allows traders to trustlessly exchange Ethereum tokens, has announced that it will no longer provide trading services to customers with IP addresses originating from New York. Ethereum DEX to Block New York IP Addresses Beginning tomorrow, Oct. 25 at 6 pm UTC, New York users will be The post Decentralized[?] Ethereum Exchange IDEX Waves Goodbye to New York Traders appeared first on CCN

23 days ago

Waves Platform Says It Has Set Maximum Transactions Per Day Record

The Waves Platform says it has set a new record for transactions processed per day. 6.1 million transactions were processed on the Waves network on October 21st. The team says this figure means the network has processed more transactions over 24 hours than any other existing blockchain.

23 days ago

Bitcoin Price Analysis: Time to Grab some Bitcoin at any Price, First Targets $8,500

Traders should mark Oct 22 as a turning point for Bitcoin. Thanks to CFTC giving the ICE the permission to launch Bitcoin Futures and the rumors of SEC approval of Van Eck Bitcoin ETF approval, investors are vibrant. Because of this, it’s likely that Bitcoin shall rally confirming the break out patter of week ending Oct 22. Latest Bitcoin News Yesterday was a pretty solid day for Bitcoin and cryptocurrency investors. From the announcement that the Intercontinental Exchange (ICE), the operators of 12 exchanges including the New York Stock Exchange which is the largest of its kind in the world, through Bakkt will be listing and allowing trading of Bakkt Bitcoin (USD) Daily Futures on December 12 to boosting rumors that all is well between Van Eck, SolidX, the CBOE and the US SEC. Before these news made waves, Bakkt approval was a source of speculation with many confident that the green lights from the CFTC and allowing Bakkt to roll out Bitcoin futures complementing those from the CME and CBoE would strengthen the case for Bitcoin ETF approval. The entry of Bakkt is indicative of a new wave of global adoption and the release of a pent up demand which was sealed by the reluctance of the SEC to come clean on Bitcoin ETF. As a matter a fact, the US SEC has been on a dismissal run rejecting nine different attempts by firms and exchanges proposing Bitcoin ETFs. However, according to “insider reports” the exit of Kara Stein in December paves way for Allison Lee, a crypto supporter. Together with other commissioners as Elad Roisman and Hester Pierce, Van Eck and SolidX Bitcoin ETF proposal might see light by December igniting the next wave of bulls likely to propel prices upwards of $20,000. Bitcoin Price Analysis Weekly Chart On a weekly basis, Bitcoin is relatively stable and is down three percent. But, this is the undervaluation that traders should be taking advantage of if the recent Bitcoin ETF rumor and the launch of Bakkt Bitcoin Futures is anything to go by. Considering a market that has been consolidating for the better part of the year with clear supports and resistance lines, we recommend trading according to last week’s trend definition. Though prices temporarily raced above $7,200 triggering our buys, the subsequent declines stopped longs meaning we are net neutral but bullish on Bitcoin. However, in lower time frames, we suggest taking longs on every dips as long as Bitcoin is hovering above $5,800 to $6,000 support zone. Daily Chart The stability in the weekly chart is clear in the daily chart and here we notice that prices are trending within a tight $300 range with supports around $6,500. Because of our bullish expectation and the general realization that Bitcoin might explode after sinking more than 80 percent from 2017 highs, we suggest buying on dips in lower time frame with stops just below the $6,000 support line. That is just below Oct 15 highs and a bar in which prices are still trending in. In line with our previous Bitcoin price analysis, first targets will be at $7,200 and later $8,500 assuming momentum continues to build up. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Bitcoin Price Analysis: Time to Grab some Bitcoin at any Price, First Targets $8,500 appeared first on NewsBTC.

23 days ago

A Stress Test of the Waves (WAVES) Platform Records Over 6.3 Million Daily Transactions

The Waves (WAVES) blockchain platform, whose mission is to build a blockchain ecosystem that allows users to address a wide range of real-world problems, recently underwent a stress test to determine the capabilities of the system. During the test, over 6.3 million transactions were submitted to the Waves mainnet, resulting in a throughput of more than 900 transactions per second and a transaction approval time of a few seconds. The results are very promising for the platform, as it shows they have addressed the issue of scalability that affects some other popular platforms. (JF)

23 days ago

WAVES Price Analysis - October 22

Waves has seen a small price decline totalling -1.7% over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $1.96 after seeing a further -2.2% price decline over the past 7 trading days. Waves is a well established blockchain based decentralised exchange platform that allows users to also create custom tokens in a user friendly fashion. More so, the Waves platform already has fiat gateways allowing users to invest US Dollars and Euros into the platform. Waves is currently ranked in 44th position in terms of overall market cap across the entire industry. It currently holds a total market cap value of $195 million after the 29 month old cryptocurrency suffers a 27% price drop over the past 90 trading days. Waves is still trading at a price that is 88% lower than its all time high value. Price Analysis WAVES/USD - SHORT TERM - DAILY CHART https://www.tradingview.com/x/cQWE77V8/ Analysing price action from the short term perspective above, we can see that Waves has been trading in a long, well established, trading range bound between a downside 1.272 Fibonacci Extension level priced at $2.4955 as the upper boundary of the range and a downside 1.414 Fibonacci Extension level priced at $1.7733 at the lower boundary of the trading range. We can see that price action has been trading within the confines of this range for the past 2 and a half months now as both the bulls and the bears struggle to gain a foothold within the market. Moving forward, if the bulls manage to accelerate their momentum and push price action higher they will meet initial significant resistance at the upper boundary of the trading range priced at $2.49. This area of resistance contains the downside 1.272 Fibonacci Extension level as well as the long term .886 Fibonacci Retracement level further bolstering the level of resistance within this area. To make this harder for the bulls, the 100 day moving average is also hovering within this price level further adding to the level of expected resistance here. If the bulls do manage to push price action above the combined resistance at $2.25 then further higher resistance can be expected at the short term 1.414 Fibonacci Extension level (drawn in blue) priced at $3.29. This price level was the price low and support during March 2018 and is expected to provide resistance moving forward. Higher resistnace above this can then be located at the long term .786 Fibonacci Retracement level priced at $4.32. Alternatively, if the bears regather momentum and push price action lower then initial support will be located at the lower boundary of the trading range priced at $1.77. If the bears can push the market below the confines of the trading range we can expect immediate support below at the psychological round number handle at $1.50 followed by the short term downside 1.272 Fibonacci Extension level priced at $1.09. The technical indicators within the market are currently slightly favouring the bears at this current moment in time. The RSI has slipped below the 50 handle indicating that there could be more negative price movements ahead as the bears are in control of the market. If we are to expect the market to break above the upper boundary of the trading range we would need to see the RSI break above the 50 handle. The post WAVES Price Analysis - October 22 appeared first on ZyCrypto.

24 days ago

Tiger Global's $500 Million Investment in Coinbase may be Part of its $3.75 Billion Fund

To date, Tiger Global has raised $3.75 billion from its most recent funding round and it’s possible that $500 million of this sum could be invested in Coinbase. The multi-billion dollar fund is called Private Investment Partners XI and it is aimed at consumer internet, cloud, industry-specific software and direct-to-consumer companies located in the U.S., China, and India. Earlier this year, rumors of a $500 million Coinbase deal with Tiger Global made waves in crypto-media and if true, this would increase Coinbase’s valuation to $8 billion and make it one of the highest-valued startup companies in the U.S. The investment could prove incredibly lucrative for Tiger Global as Coinbase has already gained institutional investors and is currently pursuing plans to expand in Japan and Ireland. (RS)

24 days ago

Victorieum Token is Making Waves with an Integrated Exchange Platform and Full Services Offshore Banking

The advantages that a person acquires through a cryptocurrency transaction are very high. The transparency and quick transactions are some other reasons why most of the people are opting for cryptocurrency, but the same currency has become a nightmare for some countries, governments, and banking sectors which led to the ban of cryptocurrencies. On the one hand, there are some countries where cryptocurrencies are made official and are supporting them by providing various benefits whereas, there are some other countries which have imposed a ban on the entire cryptocurrency and blockchain technology. The main reason behind this ban is the anonymity and potential risks that are involved in the cryptocurrency. This ban violated the fundamental rights of the citizens of a country, and at the same time, both the country’s economy and the citizens are losing monetary benefits of these currencies. Apart from the above mentioned challenges, there are some other challenges caused by the cryptocurrencies in the current world Strict Regulations Lack of information about the transactions Transaction speeds Lack of full banking services for these cryptocurrencies Availability of crypto assets Customer support Different types of crypto products There are so many companies and financial organisations that are trying to incorporate cryptocurrencies into the regular life of people, but with all the above mentioned challenges it has become impossible to make this happen. This was when Victorieum entered the market. Victorieum is similar to the traditional banks, but the fiat currency is replaced with the cryptocurrencies. Yes, you heard it right. Victorieum is an offshore bank that will deal with the exchange and trading of cryptocurrencies. This bank and its operations are similar to the traditional banks. Customers will receive credit and debit cards, can avail loans, manage cryptoassets with the help of bank. The Victorieum token combines blockchain technology with the traditional banking sector. This integration can be considered as one of the best things that have happened to both the banking sector and the blockchain technology. A reliable and highly secured banking system is provided to the cryptocurrency holders, and they can avail all the features by just sitting at home in their comfort. Victorieum is a regulated offshore bank that provides high security to clients and also give access to finance and various other worldwide investments. Customers of banks have an option to trade, invest, withdraw, deposit, or even avail loan with the help of this bank. Tokens that are provided to the customers are highly useful, and customers can even avail a discount of up to 90% by using the tokens. Token holders of Victorieum are provided with following privileges If they purchase any token during the ICO rounds, they will be provided with a bonus. This bonus can vary from 15% to 40%. A dedicated manager is provided if a customer deposits an amount that is equal to or more than USD 100,000. They can have the savings account as well as daily liquidity account. Full one time KYC to avail the Victorieum facilities. The trading opportunity between non-fiat and fiat currency via Victorieumex platform. A complete KYC must be provided by the customer to avail all the fantastic facilities of the platform. Once the KYC is done, the customer has every right to use the facilities. Crypto-backed loans and insurance coverage are provided for the customers. Fast, reliable, robust, secured and safe platform for financial transactions. Most of the people are hesitating to invest in cryptocurrencies due to the lack of a traditional banking system that deals with them but with the arrival of Victorieum into the market; there are more people interested in crytpocurrency trading. Victoreium tokens are a huge deal, and they will help in trading and on the exchange platform a lot. If you are in search of a highly reliable platform then Victorieum is the one where you can invest, save, trade, exchange your digital assets without any fear. The post Victorieum Token is Making Waves with an Integrated Exchange Platform and Full Services Offshore Banking appeared first on CoinSpeaker.

25 days ago

Minting the Future of Cryptocurrencies - [BTC Media Sponsor]

In 2009, Bitcoin was ushered in as an alternative to fiat currency, promising to revolutionize the future of peer-to-peer spending. Since then, it has spawned scores of other cryptocurrencies with various value propositions and potential.The meteoric growth of cryptocurrencies underscores the role of tech innovation in fueling the future of value exchange. Now, there’s talk of a new era of blockchain tools to assist individuals in creating their own digital coins. Users would then have the ability to transfer or exchange these coins for other cryptocurrencies they find valuable.One startup endeavoring to make a mark in this space is Minter, a blockchain network that allows people, projects and companies to create, manage and exchange their own coins in a cost-effective way, all with instant liquidity.Fueled by the blockchain community DeCenter, Minter is heavily influenced by the ideology of Nobel Prize economists like Friedrich von Hayek and John Maynard Keynes who touted the importance of minting new currencies for future economies. It is supported by a vast community of over 250,000 members who are currently active on DeCenter sites, channels and groups on Telegram. Minter aims to assist businesses and individuals in capitalizing on “long tail” solutions that foster cryptocurrency advantages over fiat.The Minter Value PropositionAs a startup entering into a space that includes the likes of Ethereum, NEO and Waves, Minter believes it can capitalize from the following strategic advantages: Speed: All transactions are processed rapidly, every five seconds. The engine layers are tied to the delegated-proof-of-stake (DPoS) consensus algorithm. Flexibility: Coins on the Minter ecosystem can be exchanged for one another as well as for bitcoin, ether and USD.Freedom: Users can create their own coin and establish a price for it.Reliability: The DPoS consensus algorithm engine provides high reliability, allowing both validators and delegators to profit from their contribution to the network.Volume: Thousands of transactions per second can be delivered with no delays or additional confirmations needed.Value-based options: A wide swath of application options, including wallets, fully-fledged cryptocurrency exchanges and other exchange services.Resources: A comprehensive documentation and open-source software package.Global presence: A large worldwide community of users and developers.Low cost: Transaction fees never exceed $0.01, regardless of the exchange volume or transfer operation. Bold AspirationsDriven by its native coin, BIP, Minter aims to fulfill real-world demands by providing users with lightning-quick settlements and low transaction fees. A healthy supply of 10 billion BIPs is available, 100 million of which will be airdropped to early adopters.All coins within the Minter ecosystem can be exchanged both within and outside the network. Furthermore, all of the income plus transaction fees will be passed on to validators and delegators that support the Minter network. Because the high network throughput inherent in the system enables thousands of transactions per second, validators can create meaningful earnings even at low commission fees.“Money is the most undisrupted space the world has seen in the past 40 years,” said Eugene Gordeev, product owner of Minter and a passionate Bitcoin evangelist. “Today, people are so well-connected to the P2P economy through stand-alone, self-employed businesses like Airbnb hosts, Uber drivers, YouTube bloggers and Etsy crafters, to name a few. Now, the only thing missing is private money issued and managed by those who want to make their products and services even more special.” The Minter team is composed of 20 people — many of them accomplished blockchain developers, designers and iOS/Android experts. This talented community is key to fulfilling the aim of pursuing creative, sophisticated applications for mobile users.“We have been closely watching various technologies and blockchains for the past few years and waited carefully for the moment when we could definitively solidify what we believe and with whom we would like to integrate,” per the project’s white paper. “Our choice is the Telegram Open Network (TON).”It’s here where Minter endeavors to become the world’s first-ever project to achieve the exchangeability of its native digital coin with TON’s base coin (GRAM). Minter also became one of the first projects to have integrated Telegram’s latest identity verification service, Telegram Passport, for conducting its know-your-customer (KYC) procedure — a fact that the popular messenger app highlighted on its official blog.“We are linking our future to TON and believe that with this network we’ll be able to implement all of our ideas to the fullest,” Minter’s white paper says.Minter’s efforts at fostering an innovative model for cryptocurrencies is evident in a number of development milestones, including the Console, the iOS wallet, the Android wallet and the Tel

25 days ago

Stolen Identities, Telegram and ICO Scams: If the Co-Founder of Ethereum isn’t Safe, Who Is?

LaneAxis uncovers sophisticated fraud attempt targeting ConsenSys founder Joseph Lubin When the Equifax data breach occurred in September 2017, crypto guru and Ethereum co-founder Joseph Lubin was quick to criticize corporate mishandling and monetization of user data, doubling down on his call for heightened digital security via decentralized networks. Lubin stressed the importance of protecting our online identities: “...hack after hack after hack and the resulting time and resources devoted by government agencies attempting to safeguard identity, how can regulators not be excited about the Ethereum blockchain? An immutable and transparent protocol with products where each individual owns all aspects of their identity. No more widespread hacks.” -There is another way: The Equifax Hack and the Road to Decentralization But just a year later, Lubin’s own identity and brand were hijacked on the internet. On September 13th Rick Burnett, CEO, and founder of LaneAxis received a message from Lubin via Telegram, “LaneAxis: want to know more...” Burnett, who is currently launching LaneAxis Virtual Freight Management’s Ethereum-based supply chain management ecosystem, was unaware of who exactly Lubin was, but offered to speak with him and share more information about the company and its blockchain and token sale project. After a short call, Lubin said he would mull over the information and take a few days to examine the LaneAxis platform. Burnett, curious about the mysterious potential investor, Googled Lubin. Ethereum Co-Founder. ConsenSys Founder. Billionaire. Entrepreneur... Google’s news feed on Lubin pulls up a near constant stream of stories featuring Lubin investing in blockchain-based startups or offering sage advice about the future of crypto. Burnett was stunned. This could be game-changing for LaneAxis. Companies partnered with ConsenSys often sell out their tokens within minutes of receiving backing from Lubin. The LaneAxis team immediately went to work researching Lubin and ConsenSys. The first move was to verify that the Telegram messages were actually from Lubin. Telegram is the preferred communication platform of the cryptocurrency community due to its ability to encrypt messages as well as its robust group chat features. The app allows for the creation of public usernames, helping platform users contact anyone else on the network who has also created a username. Like any other network, usernames must be unique, and personal names are rarely available. However, Telegram does offer users with an “online identity” to secure a username if the same name is used for at least two other different social accounts [Facebook, Twitter, Instagram]. Lubin’s Telegram name is @ethereumJoseph. His verified Twitter handle is also @ethereumJoseph. Based on his Twitter, Burnett and the team concluded ConsenSys and Lubin must have secured his verified Twitter handle for Telegram as well, and this was indeed the real Lubin. For the next week, Burnett messaged Lubin, receiving blunt responses almost stereotypical of a jet-setting billionaire managing a plethora of business ventures. Finally, Lubin messaged Burnett on September 15th with an offer. Lubin: “How can I be of help?” Burnett: “I would love you to be involved at whatever level you want to be involved. Investor? ConsenSys? Team member and let us do a press release that you are involved. You tell me and I’m in.” Lubin: “How about a partnership with ConsenSys?” Burnett: “Yes. How do we proceed?” Lubin: “I’ll send you more information on Monday.” The LaneAxis team spent the rest of the week preparing for the deal and coordinating with Lubin. Lubin sent a ConsenSys contract to Burnett from his personal email, [a non-ConsenSys email address], which Burnett thought a bit strange and questioned Lubin. Lubin claimed it was his personal email. Burnett initially found it odd but reasoned that a person of Lubin’s stature might use company-independent emails for correspondence, and, potentially, business deals. Burnett did not want to spook a deal with a seemingly eccentric tech billionaire and pressed on. The contract centered around a token exchange. Provided ConsenSys passed due diligence and met the terms and conditions of LaneAxis’ token sale, LaneAxis would receive ConsenSys backing and $2.2 million in Ether for $2 million of LaneAxis’ AXIS tokens. Both companies would be required to keep sixty percent of the received tokens as company reserves and forty percent for utilization. Burnett received the signed contract on ConsenSys letterhead with Lubin’s signature. The LaneAxis team celebrated what they thought was a partnership with ConsenSys. Lubin put Burnett in contact with James Slazas, Head of Capital Markets at ConsenSys, via Telegram to carry out the contract. After receiving a signed contract from Lubin with ConsenSys watermarks, addresses, and information, Slazas provided the transfer details and sent Burnett two crypto wallet addresses for the exchange. That’s

25 days ago


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