Zcash ZEC

$52.56
Market Cap $ 300.884 MM (#21)
24h Volume $ 158.207 MM
Chg. 24h: -1.21%
Algo. score 4.5/5  (#3)
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Zcash News

OpenBazaar 2.3 tiene cartera con múltiples criptomonedas y nuevo soporte para Litecoin

Anteriormente los usuarios eran forzados a decidir en que moneda deseaban comprar o vender, ahora pueden utilizar múltiples monedas en la misma instalación de forma simultanea.Tras meses de trabajo en la versión 2.3 el equipo de OpenBazaar hace anuncio del lanzamiento el cual tiene cambios significativos con respecto al funcionamiento de la cartera. (adsbygoogle = window.adsbygoogle || []).push({});Previamente al momento de iniciar el nodo OpenBazaar los usuarios debían elegir la moneda que deseaban utilizar entre Bitcoin, Bitcoin Cash y ZCash, a partir de esa decisión podían únicamente utilizar tal moneda para todas las ventas o compras, si deseaban utilizar otra de las monedas disponibles tenían que lanzar otro nodo en paralelo.Con el lanzamiento de OpenBazaar 2.3 los usuarios ya no están forzados a hacer la decisión de utilizar una sola criptomoneda, ahora pueden comprar, vender, enviar y recibir múltiples monedas con la misma cartera.Para la versión 2.3 OpenBazaar soporta cuatro criptomonedas:BitcoinBitcoin CashZCashNuevo: LitecoinSoporte para Ethereum está casi terminado y será añadido pronto junto con otras monedas.En este video se muestra como funciona la multi-carteraComentarioscomercio electronico, ecommerce, OpenBazaarThe post OpenBazaar 2.3 tiene cartera con múltiples criptomonedas y nuevo soporte para Litecoin appeared first on DiarioBitcoin.

an hour ago

Video: Can Zcash Tech Deliver Real Adoption?

Zcash is breaking ground as the latest word in privacy-protecting technology, with big listings on some of the most coveted exchanges around. But can the team live up to their promises? Today’s Video Briefing takes a closer look at Zcash, and the zk-SNARK technology that enhances the anonymity of the coin’s users. That looks very enticing on white paper, but as Kiana explains, tech isn’t everything. Zcash has to jump over a lot of hurdles to catch up with the big name coins, not least of which is becoming simple enough to use easily - not to mention persuading regulators that the privacy-protecting algorithm is not a threat. You can read the full critique in Crypto Briefing’s Digital Asset Report, available here. Next, Kiana turns to the charts to evaluate ZEC’s short-term prospects. Overall, Zcash is stranded in the same doldrums as the other leading cryptos, with prices continuing to trade sideways: not great news for long term hodlers, but it could open up some enticing opportunities later on. Is Zcash a sleeping giant, or just sleeping? Share your thoughts in the comments, and don’t forget to SUBSCRIBE! Join the conversation on Telegram and Twitter! The post Video: Can Zcash Tech Deliver Real Adoption? appeared first on Crypto Briefing.

11 hours ago

Recent OpenBazaar Update Now Includes a New Multiwallet Feature

Following several months of hard work, the OpenBazaar team recently released its version 2.3 which contains significant changes to how the OpenBazaar wallet functions. The most significant update is the addition of a new multiwallet feature that enables users to buy, sell, send and receive multiple coins with the same wallet. Previously users had to choose one cryptocurrency to use and were required to run a separate node for each crypto. The coins currently supported by the multiwallet include Bitcoin, Bitcoin Cash, Litecoin and Zcash, with more to be added in the future. (JF)

a day ago

MimbleWimble’s Grin and Beam have the potential to be more scalable than Bitcoin, says Litecoin creator

Grin and Beam are currently the hot topics in the privacy space, top coins built on MimbleWimble protocol, the tech designed to solve the privacy and scalability of Bitcoin. Earlier this week, Grin made it to the headlines as the coin, which is considered to be the closest version of Bitcoin, plunged by over 97% within a few days of its launch. The MimbleWimble protocol was first introduced in the year of 2016, by Tom Elvis Jedusor, an anonymous developer, with both the names inspired by Harry Potter. With privacy as the core of this protocol, no one will be able to see the amount of cryptocurrency that is being sent and the addresses involved in the transaction, with only the information required to verify a transaction revealed. This protocol will be added to Monero, the leading privacy coin in the space, as a sidechain. Riccardo Spagni, the lead developer of Monero said on Twitter earlier this week, “Monero already *is* implementing a MimbleWimble sidechain, Tari”. During the latest episode of Magical Crypto Friends. Samson Mow, CSO of Blockstream, Charlie Lee, creator of Litecoin, Riccardo Spagni aka fluffypony, and Whale Panda, discussed Grin and Beam. Riccardo Spagni, when asked about whether he was felt threatened by the new privacy coin, stated that he is a “big advocate of anything that provides improved privacy.” He said: “I mean our criticisms of Zcash are not the privacy enhancing tech. I think that privacy enhancing technology if it’s done correctly is overall net positive and I will absolutely over time have criticisms of Grin and Beam as as things flesh out more and I think criticisms are good, you know, criticisms of Monero make Monero better so like those criticisms should be should be viewed in a positive light.” He went on to say that the reason he doesn’t feel threatened by the currency is that, according to him, it does not stop Monero from existing. “I think Monero is an interesting project whether it has one user or 100 users or a million users and whether the price is you know two cents of 20 cents of $2 doesn’t really matter so much to those in the technical community you work on it because they find it interesting because they find a different code base to get coins interested and so on” This was followed by Charlie Lee speaking about the coins, stating that the currencies are able to “do privacy and scalability without sacrificing anything.” Furthermore, Lee finds it interesting how the MimbleWimble technology makes a system private when data is removed, adding that it makes the coins even more scalable than Bitcoin. Succeeding this, Lee was asked whether this protocol will be implemented on Bitcoin as a side chain or on the main chain. To this, he stated that the hassle here is the security of the side chain. “the issue I have with side changes has always been like how do you secure it so having a separate coin seeker by mining, I mean, that security still the best right before work security so yeah it could be done as a side chain for a Bitcoin and for like coin. I’m not sure how useful it is as a side chain or how secure it is as a side chain.” The post MimbleWimble’s Grin and Beam have the potential to be more scalable than Bitcoin, says Litecoin creator appeared first on AMBCrypto.

a day ago

Zclassic Review: Introduction to ZCL Token

What is Zclassic? Zclassic resulted from a fork of the Zcash blockchain, which was led by Rhett Creighton. The fork removed Zcash’s 20% founder’s reward and its slow start feature. Creighton’s reason for forking was because he saw the latter coin’s 20% founder fee rather unfair, as it would lead to whales controlling the prices, […]

2 days ago

The Debut of Stellar Lumens On Grayscale

Stellar has gained the trust of Grayscale Investments, and so will follow the path of single asset trusts such as Bitcoin Investment Trust ($GBTC). Grayscale tweeted the announcement through Twitter- 1/ We are excited to announce two big developments! First, today marks the launch of Grayscale Stellar Lumens Trust! Investors can now gain exposure to the price movement of XLM through a traditional investment vehicle. For more info go to https://t.co/izJooCsKwS — Grayscale (@GrayscaleInvest) January 17, 2019 Hence Stellar will have a platform whereby it will help investors gain coverage towards Stellar Lumen’s native token lumens (XLM). The managing director of Grayscale Investments fully supports Stellar as he believes it has a strong use case of being a bridge currency in transnational money corridors. The data from Grayscale’s website states that Stellar Lumens Trust will begin with $0.4 million, under management. It equals to 3,870,000 XLM held by Grayscale’s offering. The tweet also released information on renaming certain single asset trusts. The following are the new names for the products- Grayscale Bitcoin Trust™ Grayscale Bitcoin Cash Trust™ Grayscale Ethereum Trust™ Grayscale Ethereum Classic Trust™ Grayscale Horizen Trust™ Grayscale Litecoin Trust™ Grayscale Stellar Lumens Trust™ Grayscale XRP Trust™ Grayscale Zcash Trust™ Grayscale is a wholly-owned subsidiary of Digital Currency Group. It builds, buys, and invests in more than 130 blockchain companies around the world. Zerocrypted Opinion Stellar’s idea of cheap and fast transactions, makes it a front running competitor against Ripple who has been gaining sufficient coverage, especially from its banking partnerships. Stellar is founded by the brains behind Ripple and Mt. Gox, Jed McCaleb. It is working towards a low-cost payment network and has attracted heavyweights such as IBM which is working towards a cross-border payment rail on top of the network. XLM is currently the sixth most valuable cryptocurrency, with a value of $0.109884 and a market capitalization of $2,101,995,418 at the time of writing. As for the institutional investors, this news rides high regarding cryptocurrencies being trusted. Image Source - Flickr The post The Debut of Stellar Lumens On Grayscale appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

2 days ago

Top 10 Best Cryptocurrencies To Invest In 2019

As 2018 closed with intense bearish trends, traders are treading carefully and handpicking what coin/token will birth decent profits. To help simplify this tedious process, we made a breakdown of some of the most promising cryptocurrency tokens/coins that are most likely to birth highly attractive profits for both traders and investors in 2019. Binance Coin (BNB) BNB is the token that can be termed “lucky” with strong backing from the world’s leading cryptocurrency exchange Binance, BNB is definitely here to stay. A look at BNB’s all-time data shows the mind-blowing step by step growth process from less than a dollar to its current trading price of $6.54. With Binance standing firmly behind Bnb, adaptability is guaranteed for BNB traders. Ripple (XRP) Top cryptocurrency traders like Ran Neuner know better than to doubt the potential of XRP whose stability in trading volume has resulted in making it the world’s second largest cryptocurrency both presently and on several other occasions. Despite XRP not having a trading price of up to one dollar, traders have revealed time and time again that XRP is the next best token that guarantees security in trading, following BTC. Litecoin (LTC) Currently seated at a trading price of $30.98 at press time, Litecoin is by far one of the most reliable cryptocurrencies in terms of trading volume and price stability. LTC has only been around for a few years but has managed to pull through the bearish tides. As far as stability is concerned, think Litecoin. Tron (TRX) The Tron network has morphed into one of the most user-friendly platforms. Not only has this attracted more developers to the Tron network, but this progress has also greatly affected the network’s native token (TRX). It became evident that more traders were interested in TRX when TRX surpassed Ether’s transaction record of 1,349,890 with a total daily transaction record of 1,367,488. Dash (DASH) After more than five years of its inception, Dash is firmly standing tall with diehard traders from as far back as 2014. Hodlers of Dash have made it through some of the harshest market trends to get to this point. And seeing the slow and steady pace with which Dash has built its price volume, from as little as $1 to $1000, its current price of $71 is not deterring new traders from trading Dash on a daily basis. Bitcoin (BTC): New cryptocurrency traders and investors may have been introduced to BTC in 2018, undoubtedly one of BTC’s toughest year. However, long term traders have remained on their toes seeing the massive investment rate from institutional investors. Although the big bull is currently struggling at a trading price of $3600, traders are still betting big on it. Even top cryptocurrency founders like Charlie Lee of Litecoin had previously advised traders to own at least 1 BTC before purchasing any other “shitcoin”, Litecoin inclusive. Monero (XMR) From $2.47 on the day it went live, XMR fell back to $0.7 mark for almost a year before climbing back up to $1 in May 2016. With a slow and steady price movement that has now landed it on $45, it is no wonder that XMR is a top choice for altcoin traders. Bitcoin SV (BSV) The result of the 2018 BCH November hard fork BSV has been trading rather impressively since it went live just a month ago. BSV began with a trading price of $84.41 and hit an all-time high of $134.59 shortly after. Unlike most tokens that usually begin with impressive trading price and significantly goes down the drain, BSV has managed to defy the odds showing strong resistance throughout the bearish trends and despite the slight decline in trading volume, BSV is impressively maintaining a trading price on the $70 mark as of this writing. Zcash (ZEC) While ZEC has experienced a major decline in value, traders are still very much certain that the days of $600 and $700 is still very possible to achieve. Seeing that ZEC has been around since 2016 and has refused to show any sign of a fallback, traders have still not called the bottom for this token as it remains one of the most valuable with a flexible tradability rate. Maker (MKR) MKR is unarguably one of the most valuable tokens with a very promising future that is evident in its data from 2017. Stability is the word that classifies this token as it has skyrocketed in daily gains on multiple occasions. This growth is not likely to cease anytime soon as more and more traders are pouring in to double up its already rich price of $459. 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. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available. The post Top 10 Best Cryptocurrencies To Invest In 2019 appeared first on ZyCrypto.

2 days ago

Crypto Tidbits: BitGo Launches Bitcoin Trading, Ethereum’s Lubin Joins ErisX, Cryptopia Hacked

Although Bitcoin (BTC) and its crypto asset brethren have effectively stabilized, seeing little-to-zero movement, this industry’s startups have continued to make strides in an array of directions. Some preeminent companies made monumental steps forward, while others took devastating steps back. Regardless, the bottom line is that the crypto sector hasn’t slowed, contrary to sentiment touted by cynics. Crypto Tidbits Bitcoin Giant BitGo, Genesis Trading Launch Cold Storage-Secured OTC Desk: Palo Alto-headquartered BitGo, a long-time industry powerhouse that has served Pantera Captial, Ripple Labs, Bitstamp, among others, recently joined hands with Genesis Trading, a subsidiary of the crypto conglomerate in Digital Currency Group. BitGo and Genesis’ collaborative effort is taking the form of a newfangled over-the-counter (OTC) trading service, which will allow clients to “buy and sell digital assets directly from the security of their BitGo Trust cold storage account.” Genesis, headed by Michael Moro, will provide its expertise in facilitating large-sum, institutionally-sourced transactions, while BitGo will leverage its veteran status in the Bitcoin custody subsector to provide security for the offering. Bitcoin, Ethereum, Ripple’s XRP, ZCash, and three other leading digital assets will be available through this innovative exchange channel. Cryptopia Hacked, New Zealand Police Commence Investigation: The broader crypto market suffered its first notable hack of 2019 last week. On Tuesday, the New Zealand-headquartered Cryptopia, a former major exchange, revealed that it suffered a “security breach.” In a company statement, signed by the Cryptopia team, it was revealed that the breach incurred “significant losses” for the startup. After further digging, the organization decided to contact local authorities, who have since pledged to keep the public updated on this imbroglio. Rumor has it that over $3 million in varied crypto assets, including Ethereum. This figure has been corroborated by so-called “whale watching” Twitter accounts, which revealed that thousands of Ether, along with an array of lesser-known (but valuable) tokens, were shipped out of Cryptopia’s cold wallets on the day of the supposed attack. Bakkt Makes First Acquisition After $182.5 Capital Injection: On New Year’s Eve, Bakkt, a crypto platform backed by NYSE owner Intercontinental Exchange, revealed that it secured a $182.5 million cheque from 12 financiers, including Galaxy Digital, Pantera, and Microsoft’s venture arm. And just days later, the company revealed that it had already begun to put its hefty capital injection to good use. More specifically, the company, headquartered in the Big Apple, revealed that it had purchased “certain assets” of Rosenthal Collins Group (RCG), a Chicago-based independent futures commission merchant. The nitty-gritty details of the deal weren’t divulged, but Bakkt chief Kelly Loeffler told Fortune Bakkt saw an opportunity to “purchase a portion of the back office operations,” especially certain facets of RCG’s compliance, risk management, treasury service departments. As put by Fortune’s Shawn Tully, “Bakkt is essentially buying part of Rosenthal’s back office.” Ethereum Co-Founder Joe Lubin Joins ErisX’s Board: Speaking of Wall Street-backed platforms trying to make a splash in the nascent crypto realm, ErisX, a seeming Bakkt competitor supported by TD Ameritrade, recently made a surprising announcement. ErisX revealed that it would be bringing on Joseph Lubin, a co-founder of Ethereum and the founder of blockchain development upstart ConsenSys, to its board of directors. His exact role wasn’t divulged, but some have speculated that Lubin will help ErisX in its push for Ether-backed derivatives vehicles. South Africa Looking To De-anonymize Bitcoin Transactions: Per Business Insider, South Africa’s Reserve Bank, the Sarb, is currently advising local crypto startups, namely wallet providers and exchanges, about how to best operate their services. The Sarb claims that its up-and-coming registration system, which startups will be mandated to utilize, will aid in the crusade to protect investors from crypto’s shortcomings. But the registration system isn’t all that innocuous. In fact, Sarb’s plan will deanonymize crypto accounts within the country, as it would mandate firms to actively track transactional data, including the identity of senders and receivers, transaction amounts, and other pieces of pertinent data. As put by Business Insider, this system will be much like how “banks are required to know their customers.” E.U. Financial Regulator Wary Of Crypto: In the same vein of news, the European Securities and Markets Authority (ESMA), the E.U.’s in-house financial agency based in Paris, recently issued an in-depth report regarding “crypto-assets.” While the report was lengthy, it became apparent that the ESMA is somewhat skeptical with digital assets, which it was hesitant to call bonafide currencies. V

2 days ago

CBOE CEO: Crypto Space Need Bitcoin ETNs To Boom

Lack Of Bitcoin ETNs Curbing Adoption, Says CBOE Chief In a recent media luncheon, Edward Tilly, the chief executive at the financial powerhouse that is the Chicago Board Options Exchange, the largest American options exchange, made a surprising mention of Bitcoin and the broader cryptocurrency market. Speaking to reporters, including those from Business Insider, Tilly, who formerly worked as a market maker for the heavyweight he now heads, noted that Bitcoin volume via CBOE’s vehicles hasn’t seen substantial growth due to a lack of a certain instrument. This financial instrument is an exchange-traded note (ETN), which are often debt-secured, rather than physically-backed, are products that allow mainly retail investors to gain exposure to certain often more-coveted, hard-to-access assets. Tilly touched on this, noting that Bitcoin ETNs, unlike futures, could be a popular product for America’s average Joes and Jills, specifically due to their “low barrier for entry.” Business Insider claimed that the barriers he was referring to involved account permissions, as futures trading purportedly “requires a significant amount of legwork.” The CBOE chief, who has helped the company’s stock double during his tenure, explained: The power of having that future there is also having an ETN that is more attractive to retail, and then institutions can lay that risk off on the listed futures market... Absent that leg and introducing trackers or notes, I think we will be in this, ‘It trades every day, but it is not the story. Tilly’s comments on the necessity for crypto-linked ETNs don’t come unbacked. More specifically, the finance veteran noted that CBOE’s VIX, a world-renowned index of volatility that is traded by investors en-masse, succeeded due to futures, trackers, and ETNs working in tandem, rather than pure futures. Yet, the CBOE head did note that there remain regulatory concerns regarding ETNs, along with its cousin the ETF, as manipulation is still purportedly rife in cryptocurrency markets. Tilly even quipped that he has the contacts of two regulators “that aren’t taking calls right now.” 2019: The Year Of Wall Street Bitcoin Forays Regardless of Tilly’s concerns, many remain convinced that 2019 will be the year for Wall Street to foray into cryptocurrencies head-first. Per previous reports from Ethereum World News, government-issued currency cynic Jeff Berwick, the so-called “Dollar Vigilante,” told Block TV that he expects for 2019 to hail in Wall Street greenbacks, which will “change the game completely.” Berwick stated that as institutional capital floods in, crypto valuations will “explode” en bloc, as there are presumed trillions waiting on the sidelines. And interestingly, many pundits believe Berwick’s quip has credence. Just recently, as reported by us previously, BitGo, in collaboration with Digital Currency Group’s Genesis Trading arm, recently revealed that it would be launching an innovative new pseudo-exchange offering. BitGo and Genesis’ collaborative effort is taking the form of a newfangled over-the-counter (OTC) trading service, which will allow clients to “buy and sell digital assets directly from the security of their BitGo Trust cold storage account.” Genesis, headed by Michael Moro, will provide its expertise in facilitating large-sum, institutionally-sourced transactions, while BitGo will leverage its veteran status in the Bitcoin custody subsector to provide security for the offering. Bitcoin, Ethereum, Ripple’s XRP, ZCash, and three other leading digital assets will be available through this innovative exchange channel. While this news may seem “same old, same old,” many believe this new venture could spark institutional interest anew. More specifically, in an environment where crypto exchanges (look at Cryptopia) are hacked, BitGo’s secure trading offering, which also touts low fees, copious amounts of liquidity, and rapid transaction processing times, Wall Street firms may begin to clamor. Plus, hype for Bitcoin ETFs has continued to mount. Sun Rays Title Image Courtesy of Bruno Van Der Kraan Via Unsplash The post CBOE CEO: Crypto Space Need Bitcoin ETNs To Boom appeared first on Ethereum World News.

2 days ago

Opinion: Stop Trying To Build a Better Bitcoin

A team of professors from top US universities have come together to create a new globally scalable decentralized payments system. But with Bitcoin already proving to work as intended for ten years running, would a ‘better Bitcoin’ even stand a chance? MIT and Standford Professors Developing Unit-E The professors formed a non-profit foundation based in Switzerland, called Distributed Technologies Research, backed by Credit Suisse and Pantera Capital. Unit-e, the cryptocurrency it aims to launch later this year, will process up to 10,000 transactions per second (tps). This compares to the roughly 7 tps for Bitcoin and a 1,700 tps that Visa processes on average. To achieve such speeds, DTR, examined every aspect of blockchain technology and tried to improve on it. The result should be almost unrecognizable from current cryptocurrencies, with ‘innovation’ across consensus, sharding, payment channels, security, and incentives. DTR’s vision for a research manifesto, “Decentralized Payment Systems: Principles and Design,” introduces the Unit-e architecture, and will be available as a book. Interestingly, there were zero results for anything related to nodes and mining in the press release despite all the talk about being able to scale better than Bitcoin. What’s more, Visa can actually process up to 45,000 tps, or over four times more than promised by Unit-e. So if we’re talking about payment capacity and speed here, Unit-e already seems like a non-starter compared to Visa, which is instant and already ubiquitously adopted. Beating Bitcoin Won’t Be Easy, If Not Impossible Even harder will be launching a new base layer protocol into today’s competitive cryptocurrency market. First, Bitcoin’s ten-year lead as a world-recognizable brand and overall first-mover advantage can’t simply be replicated overnight. Its network is comprised of not only an impressive hash rate but also hundreds of skilled volunteer developers, thousands of peer nodes, and millions of users. This gives Bitcoin a Schelling point advantage towards mass adoption and its unmatched 99.98 percent uptime over the past decade provides a strong argument for the Lindy Effect. Bitcoin network satellite coverage It is undoubtedly the most battle-tested blockchain today. It has weathered social engineering attacks, forks, corporate takeover attempts, government bans, media mud-slinging etc. It has simply shrugged off the hundreds of obituaries from the likes of Paul Krugman, Warren Buffet, Jamie Dimon etc. and keeps chugging on. Bitcoin has demonstrated to be an anti-fragile beast, only growing stronger from the disorder and perceived chaos of not having any leadership. Does Unit-E Stand a Chance? Firstly, one must find the necessary support from the community, to ensure a decentralized ecosystem of miners and nodes. DTR says it’s committed to growing the research group and developer community, with ongoing support and funding. But this isn’t an easy task. Riccardo Spagni, a leading Monero developer, says: I don’t envy anyone trying to fairly launch a base protocol nowadays. It’s hard to impossible, and that’s why I strongly advocate for new protocols launching as merge-mined sidechains instead. But even if the product is proved to be technologically superior, this is no guarantee of success. History is littered with examples of better technologies that fell by the wayside after failing to achieve mass adoption. Sony’s BluRay saw off the better specced HD-DVD by virtue of coming with every new PS3. Whilst back in the 70s, the company’s higher quality BetaMax lost out to VHS, despite being first to market. Is There Any Need? Unit-e is far from the first cryptocurrency to address the transaction speed or any other, limitations of Bitcoin. Ever since Bitcoin was launch, people have launched coins which are faster, more fungible, more private, more [insert your own favorite quality here] etc. Just last week, a company called Devvio were exhibiting at CES, claiming the ability to process over 8 million global, public transactions per second, on-chain. They also claimed better privacy than Zcash, stability than Tether, and smart contracts than Ethereum. Sure, these claims sound great on paper. But succeeding in the real world is something else entirely. Bitcoin isn’t a static technology either. Sidechains and second layer protocols are being developed like Lightning Network (with millions of tps) for scaling while harnessing Bitcoin’s network effect. So is DTR already too late to the table? Certainly, their connection to academia may give them an edge in some regard. But ultimately, specs like transactions per second are secondary to Bitcoin’s main strength as a proven neutral and permissionless monetary network on which so many applications can be built. Can academia produce a real competitor to Bitcoin or is it too late? Share your thoughts below! Images courtesy of Shutterstock The post Opinion: Stop Trying To Build a Better Bitcoin appeared first on Bitc

2 days ago

Zcash Foundation Announces 2019 Annual Conference on Croatian Coast

The Zcash Foundation, which is a nonprofit organization dedicated to privacy coin Zcash, wants the community to mark their calendars for the second annual Zcash conference. Zcon1 is scheduled to happen on June 22-24, 2019 in Split, Croatia. The foundation posted the announcement on Twitter, saying that more details would emerge next week and posting photos of Split, which they suggest will be “idyllic” in the summertime. The Zcash Foundation’s first conference was held last year and featured a keynote speech from Zcash CEO Zooko Wilcox as well as workshops on privacy in mobile wallets, security in smart contracts, and the zk-SNARK cryptography, which supports private transactions on the blockchain. (GT)

3 days ago

Monero Digital Asset Report: XMR Token Review and Investment Grade

Monero Digital Asset Report: Introduction Monero is a decentralized open-source cryptocurrency that focuses primarily on privacy and fungibility. The project aims to become electronic cash for a connected world. A key feature for Monero is enforced privacy by default, which makes it one of the best privacy coins available on the current market. Monero has strong community support and is popular among users who don’t want to share their transactions data with the entire world. However, privacy in the architecture of Monero blockchain comes with several drawbacks. Large transaction sizes and non prunable blockchain make the project less scalable, which is holding the currency back from widespread adoption. In addition to that, we see new competition arriving in the market with the improvements of Bitcoin privacy features, through the lightning network, and the development of Mimblewimble coins, which will be as private as Monero but much more scalable. With that said, Monero needs to focus on improving scalability; otherwise, it will lose market share to either new coins with better solutions or to old ones (like to a Bitcoin) which have a higher network effect. This report is the Initiation Report - our first deep dive into the performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page.’s Part One: The Business Case Monero Market Opportunities Monero wants to become a digital substitute for paper money. Paper money is hard to track and transactions with it can be entirely private. Based on this fact, Monero is targeting the entire market of global cash, which accounts for about $36.8 trillion of physical money (banknotes, coins, and money deposits in savings or checking accounts); this number can increase up to $90.4 trillion if we look at «broad money», which includes any money held in easily accessible accounts. During the recent economic crisis, the Shadow Economy expanded. The underground economy or the black market is the second largest economy in the world. As predicted by OECD, by 2020 shadow economy will employ two-thirds of the world workers. Black markets use mostly cash and try to never keep official records. Cryptocurrencies facilitate a transformation of the black markets; this will further support wider adoption of the private cryptocurrencies. However, privacy is not just for criminals. Privacy is one of the crucial aspects of any project that is aiming to become a mean of payments, a currency of the world. If your transactions are not private they may reveal sensitive business relationship; leak salaries, profit margins, and revenues; they may even enable targeted crime against wealthy people. Non private blockchains are not suitable for some common real-world business transactions, and private coins like Monero present a strong value proposition when it comes to market adoption and strong use cases. However, Monero is not the only project that recognizes the importance of privacy. Below is a table representing some of its key competitors. Competition in the Blockchain Space In general, Bitcoin is not considered a privacy coin. However, if you use coin-mixing protocols that are available on the market, it will be increasingly difficult to trace your bitcoins. Also with the development of lightning network channels Bitcoin fungibility is improving. The assortment of privacy features would make Bitcoin a serious threat to Monero if it was ever able to solve its scalability issues. Zcash, on the other hand, gives users two types of addresses: regular and shielded, which may sometimes result in information leaks about shielded transactions. In general, if privacy is not required most of the users will not use it, which will make shielded transaction suspect on their own. Dash also provides privacy features as an option. However, with the structure of Dash ecosystem, users should trust masternodes which are not always secure. It is unknown how many people control masternodes, and they appear centralized. Virtual private servers that they run from could potentially be compromised. The chart below shows the number of transactions of Monero and its competitors. On average all cryptocurrencies experienced a decline in the transaction number since Jan 2018. However, currently, what differentiates Monero from its closest competitor Zcash, is the higher number of transactions per day. This was not the case at the beginning of the year. The Number of Transactions Comparison The biggest threat to Monero might be connected with its scalability issues. As mentioned above, Bitcoin with its extensive network effect

3 days ago

Zcash Digital Asset Report: ZEC Token Review and Investment Grade

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

3 days ago

O que é MimbleWimble? Guia completo

Por: Livecoins Em 2 de agosto de 2016 um arquivo de texto foi postado anonimamente em um fórum de desenvolvedores do Bitcoin descrevendo o protocolo MimbleWimble. O objetivo era criar uma alternativa a blockchain do Bitcoin, mas com soluções para problemas de escalabilidade e recursos de privacidade. Em 20 de outubro de 2016, um outro desenvolvedor anônimo postou no mesmo fórum que ele estava trabalhando em uma implementação em cima do protocolo MimbleWimble - A Grin. Uma Breve História do White Paper MimbleWimble Em agosto de 2016, Tom Elvis Jedusor (nome francês de Voldemort nos livros do Harry Potter) postou o white paper do MimbleWimble no fórum sobre bitcoin, e depois desapareceu. “Mimblewimble” que também é um termo usado no livro ” As Relíquias da Morte“, era uma proposta de blockchain que teoricamente poderia aumentar a privacidade, a escalabilidade e a fungibilidade. Em outubro de 2016, Andrew Poelstra, matemático da Blockstream, escreveu um artigo preciso explicando a ideia do protocolo e acrescentou melhorias. Alguns dias depois, Ignotus Peverell (nome que também veio de “Harry Potter”, o dono da capa da invisibilidade, caso você não conheça os personagens de Harry Potter) iniciou um projeto no Github chamado Grin (Sim! Este projeto) e começou a tornar o protoclo MimbleWimble em realidade. E em março de 2017, Ignotus Peverell publicou uma introdução técnica ao MimbleWimble e Grin no Github. Desde então, Grin foi sendo desenvolvida por vários membros da comunidade e, após vários estágios de testes, foi lançada no dia 15 de janeiro de 2019. Visão geral do MimbleWimble, Grin e BEAM O MimbleWimble é um protocolo blockchain focado em fungibilidade, privacidade e escalabilidade. A documentação do MimbleWimble especifica o usou da mesma criptografia de curva elíptica que o Bitcoin usa, chamando a atenção de muitos pesquisadores de Bitcoin. Originalmente, imaginava-se que o MimbleWimble poderia ser integrado como uma atualização para o Bitcoin ou existir como um sidechain, mas Pieter Wuille, co-fundador da Blockstream e desenvolvedor do Bitcoin Core, esclareceu alguns dos desafios para integração. Em um podcast de 2016 ele disse: “A integração do Mimblewimble no bitcoin de uma maneira compatível com versões anteriores seria uma tarefa difícil. Pode não ser impossível, mas seria muito difícil. Eu acho que se as pessoas tentarem isso, eu esperaria que fosse em uma blockchain separada experimental ou sidechain. Em uma sidechain, não introduziríamos uma nova criptomoeda, mas seria uma blockchain diferente. Existem algumas desvantagens no MimbleWimble, Em particular, ele não usa uma linguagem de script... uma linguagem de script é muito legal para se brincar, mas existe a vantagem da privacidade. Mimblewimble tem recurso muito bom de privacidade. O MimbleWimble não usa linguagem de script expressiva, e isso permite inovações como canais de pagamento (por exemplo, Lightning Network) e swaps atômicos em blockchains diferentes. Duas implementações separadas do protocolo MimbleWimble surgiram, ambos com diferentes considerações em torno da comunidade, ethos, financiamento e detalhes técnicos. A primeira implementação, Grin, que se tornou sinônimo de MimbleWimble, serve como referência principal para a especificação do protocolo hoje. O projeto ainda é mantido por um grupo de programadores anônimos, vários dos quais adotaram pseudônimos de Harry Potter. A segunda implementação, o BEAM, é um projeto iniciado em março de 2018. O BEAM foi apresentado em um white paper separado (juntamente com um nó de mineração totalmente funcional e carteira) assumindo uma estrutura mais formal semelhante a Zcash, em contraste com o ethos anárquico e do código aberto da Grin. A equipe do BEAM é liderada pelo CEO Alexander Zaidelson, um empresário israelense. Com uma equipe de gerenciamento / engenharia definida, pré-venda, uma fundação formal e o fundador, a BEAM adotou uma abordagem muito diferente para apresentar uma alternativa competitiva ao Grin. Além de criar a estrutura formal em torno do projeto, a equipe do BEAM fez escolhas técnicas diferentes da Grin, incluindo decisões relacionadas à política monetária e algoritmo de hashing. O BEAM foi lançado no início de janeiro de 2019 com uma vantagem significativa na taxa de hash. O que é o MimbleWimble? MimbleWimble é basicamente um substituto para a blockchain do bitcoin. É uma proposta para uma “blockchain” que poderia ser implementada como uma sidechain onde você tem uma cadeia de blocos completamente separada e você poderia mover bitcoins para ela e para fora dela. Ou, potencialmente, em um futuro distante, onde testamos e comprovamos essa tecnologia, poderíamos usar esse bitcoin como um tipo sidechain integrado a um sistema. O Mimblewimble difere do bitcoin pois, em vez de ter registros assinados em todas transações, como como no bitcoin, onde você tem uma pilha de entradas e uma pilha de saídas, e cada entrada tem uma chave associada a ela e tem que ter uma assinatura pa

3 days ago

BitGo Enters Cold Storage Crypto Trading

A company which already has enticed both Galaxy Digital Ventures and Goldman Sachs in the past has developed a platform enabling clients to trade cryptocurrency straight from cold storage. Palo Alto-based crypto storage firm BitGo has announced the new service just days after the hacking of cryptocurrency exchange Cryptopia which saw more than ETH 19,391 (USD 2.4 million) and Centrality tokens worth USD 1.18 million transferred to unknown wallets. Bitgo has chosen Genesis Global Trading for the service which ensures that customer buy and sell orders will never leave cold storage as SEC and FINRA regulated Genesis hold a cold storage wallet with BitGo. Mike Novogratz, Bitcoin pundit and CEO of Galaxy Digital Holdings Ltd, claims these types of storage solutions could easily promote the next bull run, commenting: “I think the next move up is going to need custody from a trusting source... It’s going to need a little more regulatory clarity... We wouldn’t take out USD 10,000 without those two things because that’s what brings the institutional investors in. But we’re going to get there.” BitGo has announced that Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, and ZCash will all be available under the new system Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: BitcoinNews.com The post BitGo Enters Cold Storage Crypto Trading appeared first on BitcoinNews.com.

3 days ago

zk-SNARK Glitch Could Result In Crypto Double Take

Fundamental flaws with zk-SNARKs, the privacy algorithm used in Zcash (ZEC), may allow malicious agents to mint additional tokens, according to the COO of a rival privacy coin. Reuben Yap, the Chief Operating Officer at Zcoin (XZC), says that unproved cryptographic assumptions and possible bugs with zk-SNARKs place blockchains using the algorithm - like Zcash - at a security risk. Believing it to be a “very real threat,” hackers may be able to exploit this weakness, enabling them to double-spend on the network, Yap argues. “The main disadvantage of zk-SNARKs... is the fact they [sic] rely on relatively new cryptographic security assumptions,” Yap said, in an email exchange with Crypto Briefing. “A flaw in the cryptography...will allow an attacker to create coins out of thin air without being detected.” What are zk-SNARKs? zk-SNARK, short for zero-knowledge succinct non-interactive arguments of knowledge, is an algorithm that can check the validity of a transaction while simultaneously keeping confidential or personal information private, otherwise known as zero-knowledge. Zcash was the first coin to use zk-SNARKs, but other cryptocurrencies have expressed interest. Platform network TRON (TRX) announced plans to integrate the algorithm in early December. What are the vulnerabilities? zk-SNARKs algorithm rests on an assumption known as the first Knowledge of Exponent Assumption - KEA1. Formulated more than a decade ago, it simply states that transactions must be correct if they have a certain output. This is what makes zero-knowledge privacy possible. KEA1 is the linchpin for zk-SNARKS and the foundation for any blockchain which uses the algorithm. KEA2, a later cryptographic assumption, was conclusively falsified in an academic paper published in 2004. Yap admits that no one has yet managed to break KEA1, but that doesn’t mean it’s completely watertight. Now that billion-dollar networks use zero-knowledge tech- with more looking to adopt it - there are obvious incentives for malicious agents to break it. Someone able to crack KEA1 would have an unrestricted ability to print tokens and double-spend at will, without anybody knowing. “If the assumption breaks, then the cryptography breaks. If the cryptography breaks then it would be possible to fake proofs and potentially more,” Yap wrote. Are trusted setups...’trustworthy’? Other figures have expressed concern over zk-SNARKs, mostly around the need for a ‘trusted setup.’ A trusted setup is an event where cryptographers create a public key, needed to generate and verify proofs, and destroy the associated private key to prevent malicious actors from subverting the protocol. Cryptographers from all over the world participate, each of whom has a small part of a private key. A public key is assembled from the numbers, whereas fragments of the private key - known as “toxic waste” - are destroyed. Anyone with access to the private key would have been able to mint tokens at will. Therefore, there is a significant incentive for someone to create a backdoor. Zcash went to extreme lengths - even destroying the computers involved in the original 2016 ceremony - to ensure all parts of the private key were destroyed. However, oversights - like the fact that part of the software was not verified, and only released a day before the ceremony - could put the network in peril. Developer Peter Todd, who participated in the 2016 ceremony, says that a compromise in the trusted setup would also compromise privacy. He believes the network’s parameters can be constructed in such a way that “absolutely can wreck privacy:” There’s been some claims made recently that a compromise of the Zcash trusted setup can’t compromise privacy. I checked with one of the cryptographers working on zk-SNARKs, and these claims are false. A compromised MPC absolutely can wreck privacy; Zooko needs to correct this. pic.twitter.com/07tfMQQurL — Peter Todd (@peterktodd) September 27, 2018 This could throw wrenches into the works of a currency mainly distinguished by enhanced anonymity. “What’s at stake here is that if the parameters were not destroyed correctly, someone can create coins out of thin air without being detected,” Yap wrote. “If the ceremony was compromised, the overall privacy may be broken, unveiling transaction and user details.” “Above my paygrade” Zcash is known as a privacy protocol, but few transactions used zk-SNARKs until quite recently. Prior to the Sapling update, the algorithm took significant computational power, making transactions prohibitively expensive. Sapling, which went live in late October, drastically reduces the amount of computational power required, even making it possible to send zk-SNARKs-enabled transactions from mobile devices. Zcash has also been added to some of the most exclusive cryptocurrency exchanges. Coinbase only listed the privacy coin at the end of November. Gemini’s ZEC-USD trading pair is popular, with a trading volume worth $250,000 in the p

4 days ago

Grin (GRIN) Value Drops 98% In His First Day of Trading: Here is Why

TL;DR New privacy-oriented cryptocurrency, Grin (GRIN) has just recently gone live with a high price of $261 per coin after its first block was mined. However, in the subsequent 24 hours, the coin lost as much as 98% of its value and currently trades around $7.5 due to the expansion of its coin supply. This is a known phenomenon that has happened in the past in many other promising projects. Grin (GRIN), a new cryptocurrency which employes the Mimblewimble protocol, has just crashed in a matter of hours. The coin managed to launch its MainNet only days ago, and while its initial value exceeded $260 per coin after its first block was mined, it lost over 98% of its value in less than a day. Grin Price Chart, Source: CoinGecko.com Grin is an innovative, new privacy coin which provides users with a certain level of privacy and anonymity during their monetary exchanges. Grin has governance which can be compared to the cyberpunk ideology; it encourages a community-driven decentralization. The developers are volunteers, and there is no ICO. Grin is utilizing the Mimblewimble protocol which combines two concepts. The first concept is a Confidential Transaction. A confidential transaction encrypts the value of the transaction, so it is not visible to anyone outside the participants of this specific transaction. The other concept is the Cut-Thorough. In Cut-Through the transactions are merged inside a block, so all intermediate transactions are removed. This concept significantly reduces the size of the blockchain which makes its storage much more scalable. Why did the Grin value drop? Grin is a coin that received a lot of attention and hype during its development, and the excitement about the coin only increased as the launch date approached. As a result, as soon as the first block was mined and Grin coins appeared in circulation, the huge demand launched its value to extreme heights. However, as the mining continued and new coins were generated, the supply expanded and the coin started rapidly losing its value. The current price drop does not mean that the quality of the coin is bad. Instead, the massive demand by those who studied it and followed its development in recent months indicates that the crypto community very much appreciates the coin. Grin team wanted to position Grin as a real currency and less as a store of value. In contrast with Bitcoin were there is a finite amount. Grin will have an infinite amount of coins with a linear supply schedule. This means that inflation as a percentage of existing supply is very high in the early days but continually lowers over time. In theory, converging to zero percent, but it will never get there. As mentioned, the initial hype brought the coin’s value to as much as $261.65 when the coin first emerged. At the time of writing the sharp drop which followed has reduced the value of Grin to $7.5. Grin price change pattern was had already been witnessed Ever since the hype about Grin was noticed, it was logical that its price would likely skyrocket as soon as it hits exchanges, only to drop down after more coins are generated, which is precisely what investors have witnessed in the previous 24 hours. However, Grin still received a lot of attention thanks to its privacy features and improvements that allow it to operate more efficiently than some of the older cryptocurrencies. Despite the price drop, a lot of investors remain optimistic about the coin. Other coins such as Monero, Zcash, and Ravencoin had a very similar pattern to Grin. The inflation rate was very high in the early days of the coins. Therefore, the price dropped until the inflation ratio decreased. From that moment, the fundamental analysis of the coin takes control and moves the price up. Don't get burnt by MimbleWimble hype. On the dawn of @grinMW's MainNet launch, we're witnessing the birth of truly fungible, trustless P2P cash. Despite the long term promise of $GRIN, short term prospects of fair launch PoW coins are grim. A case study of $XMR, $ZEC & $RVN. pic.twitter.com/Z7Cnsz7Fvg — NM (@ByteSizeCapital) January 15, 2019 The post Grin (GRIN) Value Drops 98% In His First Day of Trading: Here is Why appeared first on CryptoPotato.

4 days ago

MimbleWimble, Beam and Grin: What’s the buzz all about?

It’s not very often that a new cryptocurrency protocol receives so much attention from Bitcoin community members. And if we’re talking about altcoins, the chances for BTC maximalists to get involved are even lower. However, MimbleWimble and its two resulting coins (Beam and Grin) are different. Cypherpunk Jameson Lopp has tweeted about running Grin, some exuberant miners have joined the rush for private gold, and one trader has even offered as much as 10 bitcoins for 0.001 GRIN token. This phenomenon may be due to the fact that MimbleWimble was introduced as a proposal to increase Bitcoin’s privacy - and therefore fungibility - in a minimalistic way (which is evident in the whitepaper). It’s worth noting that in the midst of this overenthusiastic development process, Beam, which operates more like a company, has also provided financial support to the development of Grin - the more cypherpunk implementation of the protocol. Therefore, we might be witnessing a bona fide MimbleWimble takeover. Running grin — Jameson Lopp (@lopp) January 15, 2019 What is MimbleWimble and where does it come from? Those who read the Harry Potter novels should know that MimbleWimble is a spell which ties the opposing wizard’s tongue. It’s a defense mechanism which makes sure that the opponent wouldn’t launch an attack, and maybe that this is a pretty smart metaphor in relation to the ambitions of the privacy-oriented cryptocurrency protocol. This association is revealed by the pseudonymous founder Tom Elvis ( which is the French adaptation of Tom Marvolo Riddle, the original name of Lord Voldemort in J.K. Rowling’s books). He acknowledges in the July 2016 proposal paper that he calls his creation MimbleWimble “because it is used to prevent the blockchain from talking about all user’s information.” Even though Beam and Grin have stolen the spotlight in this first half of January 2019 (around the same time when Bitcoin celebrated its 10th anniversary), the underlying ideas have been circulating for about two and a half years. Now let’s ask the most essential question of all: what sets MimbleWimble apart from Monero, Zcash, and all the other privacy coin protocols? Well, as Tom Elvis Jedusor acknowledges in his paper, the research he’s conducted for a new blockchain is taking lessons from Greg Maxwell’s CoinJoin developments, Nicolas van Saberhagen’s system of blind transactions for Monero, as well as Shen Noether’s Ring Confidential Transactions. Jeduror’s observation is that all these solutions have shortcomings in terms of occupying too much block space, requiring interactivity, and being slow. The result is MimbleWimble: a bold attempt to minimalize these concepts into a protocol that offers privacy by removing some of the weight that makes other projects slow and bloated from too much data. The first step proposed by Tom Elvis Jedusor is to remove Bitcoin Script! Furthermore, according to the amended and expanded version of the whitepaper which Bitcoin Core developer Andrew Poelstra published in October 2016, 16GB of data can be reduced to roughly one megabyte. This is perhaps the biggest claim in terms of efficiency and scalability. Beam and the courageous launch on Bitcoin’s 10th anniversary Beam’s mainnet launch took place on January 3rd 2019, the same day when Bitcoin celebrated its 10th anniversary. It’s the more conservative and business-minded version of the MimbleWimble protocol, backed by a start-up model. This approach is considered to bring quicker development and adoption. In the first two years, Beam is bound to be governed in order to achieve growth, and after this phase the project can finally reach a greater amount of decentralization. It’s worth noting, however, that no ICO has been started and the enthusiasts get an equal chance to mine and/or invest in the project. The conservatism is also apparent in the protocol’s programming language of choice: C++ instead of Grin’s Rust. The mining is also done by using a modified version of the Equihash consensus algorithm (which is also used by Zcash). In terms of monetary policy, we observe a supply model that is similar to that of Bitcoin, and an inflation system which involves founder rewards that are reminiscent to Zcash’s. In total, there will be 262.800.000 Beam coins, and the emission follows a pre-determined halving system. In terms of development, it’s clear that Beam benefits from a head start: it has an official wallet and a large team of developers who work for the improvement of the project. However, it’s worth noting that the first week after the launch was marked by an unfortunate incident: a vulnerability was found in the wallet software, and the issue had to get patched on the same day. Users were advised to remove the old version from their devices and perform a clean install, and so far no further issues have been reported. It will be interesting to see how Beam challenges the throne of Zcash (which it resembles more closely in terms of governance)

4 days ago

Where and How to Buy Zcash (ZEC)

What is Zcash? Zcash is a privacy-focused cryptocurrency created in 2016 by Zooko Wilcox, which uses zero-knowledge cryptography to hide transaction details, including its sender, recipient and the amount. ZCash was built using the original Bitcoin code, but it does feature key differences in terms of privacy and transaction speed. Where can I buy Zcash […]

4 days ago

Zcoin COO Claims zk-SNARK Glitch Could Result In Crypto Double Take

Fundamental flaws with zk-SNARKs, the privacy algorithm used in Zcash (ZEC), may allow malicious agents to mint additional tokens, according to the COO of a rival privacy coin. Reuben Yap, the Chief Operating Officer at Zcoin (XZC), says that unproved cryptographic assumptions and possible bugs with zk-SNARKs place blockchains using the algorithm - like Zcash - at a security risk. Believing it to be a “very real threat,” hackers may be able to exploit this weakness, enabling them to double-spend on the network, Yap argues. “The main disadvantage of zk-SNARKs... is the fact they [sic] rely on relatively new cryptographic security assumptions,” Yap said, in an email exchange with Crypto Briefing. “A flaw in the cryptography...will allow an attacker to create coins out of thin air without being detected.” What are zk-SNARKs? zk-SNARK, short for zero-knowledge succinct non-interactive arguments of knowledge, is an algorithm that can check the validity of a transaction while simultaneously keeping confidential or personal information private, otherwise known as zero-knowledge. Zcash was the first coin to use zk-SNARKs, but other cryptocurrencies have expressed interest. Platform network TRON (TRX) announced plans to integrate the algorithm in early December. What are the vulnerabilities? zk-SNARKs algorithm rests on an assumption known as the first Knowledge of Exponent Assumption - KEA1. Formulated more than a decade ago, it simply states that transactions must be correct if they have a certain output. This is what makes zero-knowledge privacy possible. KEA1 is the linchpin for zk-SNARKS and the foundation for any blockchain which uses the algorithm. KEA2, a later cryptographic assumption, was conclusively falsified in an academic paper published in 2004. Yap admits that no one has yet managed to break KEA1, but that doesn’t mean it’s completely watertight. Now that billion-dollar networks use zero-knowledge tech- with more looking to adopt it - there are obvious incentives for malicious agents to break it. Someone able to crack KEA1 would have an unrestricted ability to print tokens and double-spend at will, without anybody knowing. “If the assumption breaks, then the cryptography breaks. If the cryptography breaks then it would be possible to fake proofs and potentially more,” Yap wrote. Are trusted setups...’trustworthy’? Other figures have expressed concern over zk-SNARKs, mostly around the need for a ‘trusted setup.’ A trusted setup is an event where cryptographers create a public key, needed to generate and verify proofs, and destroy the associated private key to prevent malicious actors from subverting the protocol. Cryptographers from all over the world participate, each of whom has a small part of a private key. A public key is assembled from the numbers, whereas fragments of the private key - known as “toxic waste” - are destroyed. Anyone with access to the private key would have been able to mint tokens at will. Therefore, there is a significant incentive for someone to create a backdoor. Zcash went to extreme lengths - even destroying the computers involved in the original 2016 ceremony - to ensure all parts of the private key were destroyed. However, oversights - like the fact that part of the software was not verified, and only released a day before the ceremony - could put the network in peril. Developer Peter Todd, who participated in the 2016 ceremony, says that a compromise in the trusted setup would also compromise privacy. He believes the network’s parameters can be constructed in such a way that “absolutely can wreck privacy:” There’s been some claims made recently that a compromise of the Zcash trusted setup can’t compromise privacy. I checked with one of the cryptographers working on zk-SNARKs, and these claims are false. A compromised MPC absolutely can wreck privacy; Zooko needs to correct this. pic.twitter.com/07tfMQQurL — Peter Todd (@peterktodd) September 27, 2018 This could throw wrenches into the works of a currency mainly distinguished by enhanced anonymity. “What’s at stake here is that if the parameters were not destroyed correctly, someone can create coins out of thin air without being detected,” Yap wrote. “If the ceremony was compromised, the overall privacy may be broken, unveiling transaction and user details.” Every time Zcash hard forks, like Power of Tau in early 2018, a new trusted setup has to be performed. “Above my paygrade” Zcash is known as a privacy protocol, but few transactions used zk-SNARKs until quite recently. Prior to the Sapling update, the algorithm took significant computational power, making transactions prohibitively expensive. Sapling, which went live in late October, drastically reduces the amount of computational power required, even making it possible to send zk-SNARKs-enabled transactions from mobile devices. Zcash has also been added to some of the most exclusive cryptocurrency exchanges. Coinbase only listed the privacy coin at the en

4 days ago

Bitcoin Startup BitGo May Spark Wall Street Participation In Crypto

Since Bitcoin (BTC) began to falter in early-2018, optimistic investors, many of which are “HODLing,” have resorted to grasping for straws. Case in point, the words, “Wall Street” and “institutional investors,” are incessantly mentioned, as crypto diehards have sought to find a light at the end of the proverbial tunnel. Yet, institutions have been effectively elusive, with whale sightings, if you will, remaining limited to dreamscapes, far from reality. However, crypto’s prospects aren’t all doom and gloom for dreamers. On Wednesday, a leading industry upstart unveiled an offering that could single-handedly catalyze widespread institutional participation. Bitcoin Powerhouse BitGo Launches OTC Desk This nascent industry hasn’t performed well in recent days. New Zealand-headquartered Cryptopia, a former major crypto asset exchange, suffered a purportedly devastating hack, while Ethereum delayed its Constantinople hard fork, dragging BTC down with it. Related Reading: Ethereum Consensus Shift Could Delay Any Derivatives Products Yet, crypto’s outlook began to shift on Wednesday, as BitGo, a long-standing Bitcoin heavyweight based in Palo Alto, made a forward-thinking announcement. Via a Medium blog post, the upstart, which has serviced Ripple, Pantera Capital, Bitstamp, among others, revealed that it would be joining hands with Digital Currency group subsidiary Genesis Global Trading. On the BitGo blog today: "Partnering with @GenesisTrading underscores our commitment to developing institutional-grade cryptocurrency infrastructure and represents the first of many trading integration partnerships." https://t.co/OttVxKoq06 #digitalcurrencies #custody — BitGo (@BitGo) January 16, 2019 It was claimed that BitGo and Genesis’ collaboration will take the form of a pseudo-crypto exchange, which will allow clients to “buy and sell digital assets directly from the security of their BitGo Trust cold storage account.” Genesis, headed by Michael Moro, will provide its expertise in facilitating large-sum, institutionally-sourced transactions, while BitGo will leverage its veteran status in the Bitcoin custody subsector to provide security for the offering. Keeping in line with underlying industry themes, this venture will take the form of an over-the-counter (OTC) desk — Genesis Trading’s specialty and de-facto raison d’etre. Bitcoin, Ethereum, Ripple’s XRP, ZCash, and three other leading digital assets will be available through this innovative exchange channel. This newfangled offering comes just months after BitGo received a monumental injection of funding from Mike Novogratz’s Galaxy Digital, Valor, Craft Ventures, DRW, and Redpoint. Per previous reports from NewsBTC, the aforementioned financiers thrust a $58.5 million cheque in BitGo’s face, with the funding purportedly going towards the startup’s ambition to create a “$1 trillion crypto wallet.” Crypto And Wall Street Poised To Collide Although this desk seems the “same old, same old,” especially considering somewhat alike projects from Coinbase and Binance, there’s more to this venture than meets the eye. BitGo, somewhat tooting its own horn, explained that its desk upholds not only cold-storage, institutional-grade security, but liquidity, low pricing, and transactional speed too. The startup, often deemed one of the most firms within this budding sector, elaborated: “BitGo’s seamless integration platform is a one-of-a-kind, full-scale solution that delivers critical infrastructure to investors and large volume traders, complete with a smooth user interface that makes it easy to buy and sell digital currencies.” In an environment where Bitcoin startups, even notable exchanges, are hacked left and right, the amalgamation of these features could quickly pique interest from Wall Street’s household names. And with OTC volumes purportedly already increasing across the board, this novel program may push financial giants on the fence over to crypto’s side. This isn’t baseless speculation. In fact, A handful of notable institutions have expressed interest in Bitcoin previously. However, such organizations have overtly remarked that finding proper startups to facilitate liquidity, transactions, custody, and other facets of large-scale capital allocation, has been difficult. But with this effort from BitGo and Genesis, Wall Streeters may need to fret no more, as this desk is effectively a one-stop shop for institutional clients. While Mike Belshe, chief executive at BitGo, didn’t issue a comment in tandem with the launch of his firm’s OTC desk, the insider has remarked on Wall Street and Bitcoin previously. Speaking to CNBC amid BTC’s summer 2018 lull, Belshe noted that this market “needs” Wall Street capital, as buy-side pressure has slowed. He added that the “institutional herd” had begun to start to move its feet “a little bit.” But, with this new desk, along with upcoming vehicles from Bakkt, the institutional herd may begin to run soon. Even skeptics of the tradition

4 days ago

Altcoin Arbitrage Today: XLM, ETH, LTC, USDT, ZEC, TRX

As the weekend almost dawns upon the cryptocurrency markets, the time to make good money lies ahead. All markets show some interesting price shifts as of late, which almost always leads to arbitrage opportunities between exchanges. The following currencies let users score some decent profits for exploiting these price differences throughout the day. ZCash (Bittrex / Bitfinex) Even though the same price difference was visible yesterday, it seems the ZCash market son Bittrex and Bitifnex remain apart. The minor 1.37% price gap persists even today. For traders, this makes for an easy target and potential profit. Simply buy ZEC on Bittrex and sell it on Bitfinex. There isn’t much effort involved in these types of trades. That only makes the potential profits even sweeter. Stellar Lumens (KuCoin / Binance / EXMO) Another day in arbitrage trading and another day of EXMO-related price differences. When it comes to XLM, there are a few different options to explore. The Stellar Lumens price on KuCoin, HitBTC, Gate, Binance, and Kraken is lower compared to EXMO. An average profit of 1.8% awaits in this regard. Users can also flip XLM between Binance or Kraken and EXMO. That potential profit sits closer to the 2.2% mark. Ethereum (OKEx / Poloniex / EXMO) A hefty amount of price gaps persist where Ethereum is concerned. Its value on HitBTC, OKEx, Poloniex, Gate, Binance, Kraken, Kucoin, Vebitcoin, Bitstamp, and Bittrex is lower compared to EXMO. Users can expect an average gain of nearly 21.4% by exploiting this price difference. Another option is to explore the Bittrex - Bitfinex gap for a 1.41% profit. A lot of good options to make some quick money with this token. Litecoin (Bitstamp / Bittrex / Bitfinex) It doesn’t happen all that often a Litecoin arbitrage opportunity comes around. For today, buying on Bitstamp or Bittrex and selling on Bitfinex will yield a 1% profit. Users can also buy on Bitstamp to sell on Koinim, Koineks, VeBitcoin, or CEX. The average profit for doing so is slightly higher, especially where Bitstamp - VeBitcoin is concerned. Numerous options worth checking out in the search for quick profits. USDT (Bittrex / Sistemkoin) Throughout this entire week, there has always been at least one stable-coin related arbitrage opportunity. Today, that moniker belongs to Tether’s USDT. Its price on Bittrex is 0.88% lower compared to Sistemkoin. As such, the trade itself is rather straightforward. It is not the most lucrative option, yet still provides ample profit for the minute effort involved. Tron (Binance / Sistemkoin) It would appear the TRX price on Binance and Sistemkoin fluctuates quite a bit. At times, an interesting price gap between these platforms becomes apparent. The difference can be as large as 1.74%. That in itself makes for an interesting opportunity. It is also one of the more lucrative options to explore today. Information provided by Arbing Tool 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. Log in to use Ginger Limited mode Z Cash (Bittrex × The post Altcoin Arbitrage Today: XLM, ETH, LTC, USDT, ZEC, TRX appeared first on NullTX.

5 days ago

South Africa Cracks Down On Crypto, May Track Bitcoin (BTC) Transactions

South Africa May De-anonymize Bitcoin Per an article from Business Insider’s South Africa-based branch, the Reserve Bank (Sarb) will be releasing a “policy paper” regarding Bitcoin (BTC) and the broader crypto ecosystem in the coming months. Sarb will purportedly be advising on how crypto wallet providers and related startups, like exchanges, e-commerce platforms, etc., should register with local regulators. The Reserve Bank claims that its up-and-coming registration system should aid in the crusade to protect investors and consumers from the shortcomings of the budding crypto ecosystem. Reports claim that the financial entity is also looking to integrate such a system to ensure crypto-related laws are paid in full — a purported issue that global governments have been struggling with since Bitcoin’s first trip around the proverbial block. Sarb seeks to accomplish this seemingly insurmountable task by de-anonymizing BTC transactions, ensuring that exchanges, wallets, and projects of similar caliber actively track transactional data, namely who sent X, who received X, transaction amounts, and other pieces of pertinent data. As put by Business Insider, this system will be much like how “banks are required to know their customers.” Service providers will also be mandated to comply with anti-money laundering systems, along with reporting and monitoring suspicious transactions, drawing attention to 25,000 Rand+ ($1,800 U.S Dollars) transactions as an example of something deemed questionable. No comments were on whether assets like Monero or ZCash would be banned. While their sentiment towards cryptocurrencies seems overly negative, in a consultation paper, made for its role in the Intergovernmental FinTech Working Group (IFGW), the organization did laud this innovation. Sarb purportedly “accepted the reality” of crypto being an important step forward in the financial-technology realm, but remains concerns about certain facets of this ecosystem. More specifically, the Reserve Bank revealed that it is wary about how cryptocurrencies pose a risk to investor protection. As such, Sarb made it clear that intends to keep an eye on cryptocurrencies — potentially the future of securities/commodities — but is not currently willing to curb trading and innovation fully, as China has controversially done in recent years. Regulators Looking To Curb Crypto This recent move comes just days after the European Securities and Markets Authority (ESMA) also commented on this nascent asset class, issuing an advisory report to the E.U. on cryptocurrencies, like Bitcoin, last week. Per Forbes, the E.U. advisory committee recently issued an in-depth report on “crypto-assets.” In the 49-page primer, the ESMA outlined current issues with the underlying crypto market. Although the document was lengthy, a theme became quickly apparent. The ESMA explained that cryptocurrencies, like Bitcoin, could pose notable threats to investor protection and market integrity. Via the report, the ESMA explained that it currently sees an array of pertinent issues. More specifically, the financial entity called out market volatility, fraud, money laundering, market manipulation, and multi-million dollar cyber-attacks. ESMA’s analysts and researchers also explained that liquidity in a majority of cryptocurrency markets is shallow, meaning that investors often have “limited possibilities” to cash out of their positions if the worse comes to worst. The detailed report explained: “These issues are not unique to crypto assets trading platforms they may be exacerbated in the case of crypto-assets because of their high price volatility and often low liquidity.” The ESMA subsequently advised local governments to abstain from formally legalizing this asset class. Moreover, the body went on to warn traders of crypto to stave away from allocating capital, making it clear that digital assets aren’t sound financial instruments. And as such, the ESMA went on to call for a universal regulatory approach, which could accentuate crypto and related technologies’ benefits, while mitigating underlying flaws. So, with this, along with a recent Gemini advertisement campaign, it seems that 2019 may become the year of crypto regulation. Title Image Courtesy of Tim Johnson on Unsplash The post South Africa Cracks Down On Crypto, May Track Bitcoin (BTC) Transactions appeared first on Ethereum World News.

5 days ago

Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC

Every day is a good time to make money with cryptocurrencies, tokens, and digital assets. Although the overall momentum has turned rather bearish once again, this will also create new price gaps waiting to be explored by traders. The following markets are well worth keeping an eye on in search of profits, as the current price gaps can potentially widen as more time progresses. ZCash (Bittrex / Poloniex / Gobaba) A fair few interesting ZCash-related price gaps are popping up between different trading platforms. A healthy 2.04% price gap exists between Bittrex and Bitfinex. Smaller gaps are worth exploring as well. ZEC prices on HitBTC, Poloniex, and Gate are lower compared to Gobaba. While the difference may be just 0.8%, this can still result in some pretty decent profits when performing many trades throughout the day. USDT (Bittrex / Sistemkoin) There has been some minor controversy regarding Tether’s USDT today, although it seems there is nothing to be overly concerned about as of right now. What is more interesting to keep an eye on, however, is the USDT price gap between Bittrex and Sistemkoin. A profit of 0.96% can be pocketed from every trade, which is a respectable amount. There is still a huge demand for USDT, thus liquidity shouldn’t pose any issues. Dogecoin (HitBTC / Gate / LiveCoin) Every time a Dogecoin price gap presents itself, taking advantage of this opportunity becomes paramount. There is a lot of good money to be made where this popular currency is concerned. The value per DOGE on HitBTC and Gate is lower compared to Livecoin. Potential profits range from 1.6% to 2.1% per trade. Another good moneymaking opportunity in the cryptocurrency world, despite the overall market momentum. EOS (Binance / KuCoin / Gobaba) When the bigger alternative markets are subjected to arbitrage opportunities, things start to look rather promising. For today, there are a few different EOS price gaps which can yield up to 1% in profit. The value on Binance, KuCoin, and Gate is lower compared to Gobaba, which makes for rather straightforward trades. XLM (HitBTC / Binance / EXMO) There is no shortage of XLM price gaps waiting to be explored today. As long as one is comfortable with selling XLM on EXMo, liquidity can be sourced from virtually any other exchange. HitBTC, Gate, Binance, Kraken, KuCoin, and Bitexen are all viable options in this regard. Whereas most opportunities will yield a profit of over 3%, the Bitexen - EXMO option is subject to just 1.76% in profit. Even so, it is still a very viable option, all things considered. Litecoin (Bitstamp / Bittrex / Bitfinex) Litecoin has become subject to price gaps quite regularly as of late, which is pretty interesting to keep an eye on over the coming days and weeks. For today, the silver to Bitcoin’s gold is valued lower on Bitstamp and Bittrex compared to Bitfinex. This option results in potential profits between 1.3% and 2.1%. Users can also flip LTC between Binance and Gobaba for a potential 0.77% gain. Having multiple options to pocket a profit is always a good thing, especially in this industry. Information provided by Arbing Tool 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. Log in to use Ginger Limited mode Another good moneymaking opportunity in the cryptocurrency world, despite × Image(s): Shutterstock.com The post Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC appeared first on NullTX.

5 days ago

MolochDAO: coordination infrastructure for the common good

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

5 days ago

Custodial Bitgo Clients Can Now Access Genesis Global’s OTC Pools

On Wednesday, cryptocurrency custodial service Bitgo and over-the-counter (OTC) brokerage house Genesis Global announced a partnership to provide fast and secure trades directly from Genesis’ cold storage solution. Essentially, institutional investors who store their assets with Bitgo will be able to access cryptocurrency quotes in a high-frequency fashion similar to acquiring stocks or equities from traditional market makers. Also Read: New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem Bitgo Partners With Genesis Global Cryptocurrency custodial platform Bitgo is adding a new service for its institutional clientele. According to the company announcement on Jan. 16, the firm has partnered with OTC operation Genesis Global Trading by adding a seamless integration to its custodial program with the market maker’s cold storage reserves. Now Bitgo customers can buy and sell with Genesis directly for no additional fees and purchase assets such as bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), ripple (XRP), and zcash (ZEC). The Genesis OTC and loan service was granted a Bitlicense in the state of New York last May and has continued to expand into 2019. More recently, Genesis Global released a financial report in October for 2018’s third quarter that shows the lender provided $553 million worth of crypto-infused loans. In the company’s press statements, Bitgo CEO Mike Belshe indicates that he thinks custodial clients will appreciate access to the digital asset liquidity Genesis provides. Further, the executive explained during the announcement that because Genesis is a regulated U.S. institution, this builds confidence among institutional investors and high net worth individuals. “Some custodians are choosing to sacrifice security and safety by enabling fast withdrawals from cold-storage which makes their clients more susceptible to hacking, false instructions, and theft,” Belshe detailed. “Our partnership with Genesis, a FINRA and SEC regulated company, gives our clients access to liquidity through Genesis’ robust network of trading partners — And that solves the real problem which is the need to access liquidity - not the need to speed up withdrawals.” Clients can sell large amounts of bitcoins from Bitgo’s cold storage wallet and get a quote from Genesis. They can also get a quote to purchase a significant sum of BCH, ZEC, BTC, ETH, XRP, and LTC from its deep liquidity pools. Deep Liquidity for Institutional Clientele Interested in Cryptocurrencies With the new partnership, Bitgo’s clients can maintain all their assets with the firm’s Bitgo Trust Company and get real-time pricing for buy and sell orders. Traders can access Genesis assets without having to manage private keys as everything is custodian purpose-built. Moreover, clients will find that Genesis has deep liquidity and the service provides same day settlement via the Bitgo Trust account. Bitgo originally launched its new custodial suite last year in May and was further granted regulatory approval to provide cryptocurrency storage services to U.S. investors last September. Genesis CEO Michael Moro explained that Bitgo will continue to be a long-term partner and he has “a lot of confidence in their institutional offerings.” “We are an industry leader in digital currency trading and lending, and providing liquidity for companies like Bitgo is an important part of our value proposition,” the Genesis executive stated on Wednesday. Services directed at institutional clients have flourished in recent months and custodial offerings and OTC desks were a major focal point in 2018. OTC desks like Cumberland Mining and Circle Trades have seen significant upticks in this area over the last six months. For instance, Circle told its investors that its over-the-counter operations swapped a notional volume of $24 billion last year. Other well-known companies such as Coinbase, Etoro, Blockchain, and Hodl Hodl all announced the launch of OTC desks and custodial solutions for institutional investors. Bitgo’s Trust solution and Genesis hope institutional investors and high net worth individuals will be enticed by “deep pools of liquidity” and Bitgo’s popular security solutions. What do you think about the latest partnership between Bitgo and Genesis Global? Let us know what you think in the comments section below. Image Credits: Shutterstock, Bitgo, and Genesis Global Trading. Need to calculate your bitcoin holdings? Check our tools section. The post Custodial Bitgo Clients Can Now Access Genesis Global’s OTC Pools appeared first on Bitcoin News.

5 days ago

Talking anarchy with Jeff Berwick: the next five years will determine humanity

Anarcho-capitalist and libertarian activist Jeff Berwick has an unshakeable vision of the future. From his debate during the Bitcoin Summit in Tel Aviv and in an interview to Crypto Insider, Berwick shares his ideas on where crypto is heading and how it may shape the course of humanity. The coming years are decisive for the direction in which we progress. In our conversation, we talk about crypto and anarchy, regulation and mass adoption, tyranny and freedom. What role does this technology play in our fast-unfolding future? Anarchy misunderstood When you look up anarchy, you see images of violence, chaos, and people wearing freaky masks. But in reality, anarchism is a peaceful political belief that a society can be based on voluntary interaction without control or coercion. One may ask, how would a society based on anarchy function? Jeff answers with the question: “How are we functioning now? In this moment right now, we are in the state of anarchy. There is no one pointing a gun at our head, there is no one telling us exactly what to do. People, in general, get along just fine. “ Jeff asserts that the government is a social conviction held by the masses as a result of brainwashing. The evidence is even in the etymology - “government” means “mind control”. The word made up of the Latin roots gubernare - to control, lead, govern - and mente - mind. “It is a propaganda scheme to make people believe they don’t own themselves. If people can ever fully understand that they own themselves, we will have a world of peace and prosperity that we’ve never known... Crypto is a big part of that.” Crypto-anarchy takes these ideas with the intention to employ them using the tools of cryptographic technology. Stemming for the cyberpunk movement of the 1980s which emerged in wake of the internet’s invention, a new wave of cryptoanarchy was kindled with the invention of cryptocurrency in 2009. It is this philosophy which lies at the core of the technology. “Currency transfers energy between people, and is the most important energy we have in day to day life. Every transaction has energy involved. If it is controlled by a central bank or a government, they are actually controlling what you do. And now for the first time, other than gold and silver, we have the opportunity to actually control our own currency.” A battle between crypto and governments While cryptocurrencies offer unprecedented freedom to individuals, governments are increasingly striving to stretch out their control over the digital market. In the last year, we’ve seen countless countries taking steps towards regulation, or the development of national cryptocurrency. Most of the time, the justification is to prevent money-laundering and terrorism funding. “Crypto-anarchy is the foundation all cryptocurrencies that exist today,” Jeff explains. “Even though it’s being attempted to be controlled, especially with Blockstream on Bitcoin, they can’t stop us.” However, it can be said that the presence of cryptoanarchy has been diluted in recent years. A new wave of users and investors have entered the scene - especially in the build-up to the December 2017 peek - that couldn’t give a damn about taking down the state. In their purest form, cryptocurrencies have an outstanding potential for liberty. But amidst the masses whose drive is for profit and control, the shape of the market takes on new forms and moves in many different and sometimes opposing, directions. “It’s a battle,” Jeff agrees, “but it doesn’t matter. Because of the code, the math, the technology. The true essence of what cryptocurrencies are is anarchy. The whole point is that no one can control it, and no government can regulate it. It’s funny when people say we need to regulate cryptocurrencies. This is why they exist - they regulate themselves. That’s the beauty and the power of cryptocurrencies.” As governments will continue to impose regulation, there are some cryptocurrencies that are truly anonymous, like Monero or Zcash, “that no one can track or stop. The only way they could stop it is turning off the internet or turn off the power. And they will try.” Mass adoption through regulation? “Is the goal mass-adoption?” I asked him. “Yes, but it will take time. The goal is that all people on Earth will use cryptocurrencies in one way or another. If people actually understood how crypto works, they would use it every day. I would never use the banking system today. It’s too expensive, it’s too slow, it invades privacy. When I send bitcoin, you just click and that’s it. You can’t stop a good idea.” Just like the internet, which was also “a good idea”, the ubiquitous use of cryptocurrencies seems inevitable. “It actually took the internet 20 years before everybody used it. The internet really started in 1993. By 2003, around half of the people you knew were really using it. Now it’s 2019, and pretty much everyone uses it. It’s going to be the same with cryptocurrencies, only faster.” Given the

6 days ago

Today! @zooko Wilcox, Zcash CEO, presents "Cryptography and ...

Today! @zooko Wilcox, Zcash CEO, presents "Cryptography and Compliance: Lessons From the First Two Years of Zcash"… https://t.co/LuERZ3g7uD

11 days ago

Constantinople Fork Will Make Ethereum More Like Zcash

Vitalik Buterin wants to be more like Zooko Wilcox. Well, more accurately, he wants Ethereum (ETH) to be more like Zcash (ZEC) with the upcoming Constantinople fork. It may have been panic selling – or profit taking – which has so far driven the ETH price down by 16%. It might have also been anxiety surrounding […]

11 days ago

Galaxy Digital Launches its Zcash (ZEC) OTC Trading Desk

According to the team behind the privacy-focused cryptocurrency Zcash, Galaxy Digital has officially launched its OTC (over-the-counter) trading desk and two-sided liquidity solutions for Zcash. Galaxy Digital is a diversified merchant bank that was founded by Mike Novogratz, who also currently owns 80% of its shares. Some of the other big names that offer OTC trading of Zcash include Circle Trade, Cumberland and Genesis Trading, helping to reinforce the standing of Zcash as a leading project in the cryptocurrency space. (JF)

11 days ago

Galaxy Digital begins OTC trading of Zcash (ZEC)

CryptoNinjas The team of privacy-protecting cryptocurrency Zcash announced today that Galaxy Digital, a diversified merchant bank founded by Mike Novogratz, has begun OTC (over-the-counter) trading and two-sided liquidity solutions of Zcash. Yoshi Nakamura, Global Head of... Galaxy Digital begins OTC trading of Zcash (ZEC)

11 days ago

Crypto Market Wrap: Gone in 60 Minutes, $8 Billion Just Dumped

Market Wrap Crypto markets have just fallen off the cliff; Ethereum, Bitcoin Cash, Binance Coin and Neo hurting bad. The cycle continues as yesterday’s pump turns into today’s dump. Crypto markets have again failed to hold any short term gains and are falling back once again. Total market capitalization is back below $130 billion as the cycle rinses and repeats and $8 billion gets wiped out in a mere hour or so. Bitcoin bounced off intraday highs of $4,060 twice before beating a retreat. A massive dump has just initiated as one huge red hourly candle knocked BTC back below $3,850 wiping out recent gains and resulting in over 5% declines on the day. Ethereum is in more pain shedding 8.5% back to below $140 as it too falls off the cliff and hits a new low for the week. Market cap is back below $15 billion and Ripple’s XRP is snapping at ETH’s heels again. Only losing 3.5% at the time of writing, XRP is just $100 million behind Ethereum, a re-flippening is imminent. The top ten has all been smashed in the past hour or two, all aside from Tron which is still up on the day by a good 15%. TRX briefly broke the $2 billion barrier before pulling back below it a few hours ago. Bitcoin Cash as usual has been trounced with a 11% slide back below $145, Litecoin and Bitcoin SV are both dropping 8%. The two altcoins in the top twenty getting hit over 10% right now are Binance Coin and Neo, and Monero and Ethereum Classic are not far behind. Things are that bad in the top twenty that another stablecoin has entered it, USDC is now at 19th spot as Maker and Zcash fall back. Tron is the top altcoin in the top one hundred right now, in fact it is the only one making double digits as the rest of crypto land dumps again. Yesterday’s two fomo recipients are dumping all their gains today, namely Holo and Pundi X, both shedding over 15% on the day. Total market capitalization has fallen back to $129 billion over the past hour. This is a loss of over 5.5% on the day as $8 billion exits in less than 60 minutes. Daily trade volume is at $18 billion but it is all outflow at the moment. The sideways channel is still holding up for now but gains over the past week are now digital dust. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Gone in 60 Minutes, $8 Billion Just Dumped appeared first on NewsBTC.

11 days ago

Monero Top Coin For Crypto Criminals, 5% of Total Supply Lost to Malware

Cryptocurrency mining malware took over from ransomware and other forms of malware last year as the top scourge of the internet. It comes as no surprise that Monero is still the coin of choice for crypto criminals looking to pilfer resources from the unsuspecting masses. According to a new study from Universidad Carlos III de Madrid and King’s College London, cyber criminals have used malware to mine 4.3% of the entire supply of XMR. “Our profit analysis reveals campaigns with multi-million earnings, associating over 4.3% of Monero with illicit mining,” the report claimed. The two researchers who conducted the study could not ascertain what proportion of this Monero has already been cashed out. They did put a figure on it though which is no small sum; “Although this depends on when criminals cash-out their earnings, we estimate that the total revenue accounts for nearly $57M USD. These measurements exceed (and complement) estimations from parallel work focused on browser-based cryptojacking,” The pair analyzed around 4.4 million malware samples over a 12 year period beginning in 2007 and identified over a million malware crypto miners. The paper cited a relatively low cost and high return as being the primary success of illicit crypto mining. It added that there was a lower threat to users and that antivirus companies have paid little attention. It added that regular changes in the proof of work algorithms could discourage criminals due to the constant need to upgrade mining software. The study revealed that a common approach to disseminating the malicious software was to use legitimate infrastructure such as Dropbox or Github. Rogue mining tools and online services were also prevalent. Bitcoin came in as the second most popular cryptocurrency to mine illegitimately but its popularity has declined over the past three years, due to an increase in hashrate and difficulty. Additionally mining Bitcoin on home computers is no longer viable so criminals switched to ASIC resistant coins such as XMR and BCN. Zcash came in third but it had a fraction of the total compared to Monero and Bitcoin. The Monero community has tried to tackle the problem but to little avail. Last year alone saw a 4000 percent increase in mining malware with the majority flowing into Monero. Even in the midst of a long bear market illicit crypto mining and browser hijacking is still evolving to evade detection and botnets are primed to take off again. Monero may be down 88% from its ATH but that has not deterred cyber criminals one bit. The post Monero Top Coin For Crypto Criminals, 5% of Total Supply Lost to Malware appeared first on Ethereum World News.

11 days ago

Altcoin Arbitrage Today: Big Profits With XMR, ZEC, XLM, ETH, XRP, Dash

In the quest to make money online with cryptocurrencies, just buying and holding is quickly becoming a less favorable approach. Given the sheer volatile nature of all markets, it is often better to look for alternative solutions to make money. Arbitrage opportunities will play an increasing role of importance in this regard. The following six currencies all have intra-exchange price gaps waiting to be taken advantage of. Monero (Bittrex / Bitfinex) Although the Monero arbitrage opportunity is visible every single day, it would appear the price gap is closing rather quickly. Whereas this trading opportunity usually yields a profit of nearly 3%, the price difference has shrunk to 2.38% as of today. That still makes it a more than worthwhile opportunity to check out under the current market circumstances. After all, any profit is better than no profit at all. ZCash (Bittrex / Bitfinex) The spitting image of the Monero arbitrage opportunity above comes in the form of ZCash. It involves the exact same exchanges and yields a profit that is nearly identical, albeit slightly higher. Users who buy ZEC on Bittrex and sell it on Bitfinex will pocket 2.42% in profit per trade, which is more than acceptable. It is also a good coin to combine with the XMR opportunity, as it involves the same trading platforms. Stellar Lumens (Kraken / KuCoin / EXMO) There are quite a few interesting XLM-related arbitrage opportunities on the market today. The XLM price on EXMO is higher than HitBTC, Gate, Kraken, KuCoin, Bitexen, Binance, Gobaba, and Cex. It is also possible to sell XLM on Bitexen or Sistmekoin by buying cheaper coins on Kraken, Binance, or KuCoin. The average profit per trade is roughly 4%, although exploring options on EXMO will yield higher potential profits compared to Bitexen. Ethereum (HitBTC / OKEx / EXMO) There are numerous Ethereum arbitrage options today, although only the more lucrative ones will be listed here. Buying ETH on HitBTC, OKEx, Poloniex, Gate, Binance, Kraken, KuCoin or Bittrex and selling the funds on EXMO will yield a minimum profit of 4.87%. Some trades will even offer gains of up to 5.73%, which makes ETH one of the more lucrative market assets to flip right now. XRP (Bitexen / Poloniex / EXMO) No one will be surprised most of the top currencies, tokens, and altcoins will benefit from the odd pricing structure maintained by the EXMO exchange. XRP Is no exception in this regard. Good money can be made from buying this asset on Bitexen, Gate, HitBTC, OKEx, Poloniex, Binance, Sistemkoin, Kraken, KuCoin, or Bittrex and flipping it on EXMO for profits of 5% and more. Combining several arbitrage opportunities involving the same exchanges is always a good way to make a fair bit of money with minimal effort. Dash (Gobaba / Bittrex / Vebitcoin) Two separate yet appealing Dash arbitrage opportunities present themselves in the early hours of January 10th. The price per Dash on Gobaba is 1.62% lower compared to Vebitcoin, which makes for a rather straightforward trade. There is also the option to buy Dash on Bittrex and sell it on Sistmekoin for a 0.92% profit. Either option is worth considering at this time, especially now that all markets have turned increasingly volatile once again. Information provided by Arbing Tool 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. Image(s): Shutterstock.com The post Altcoin Arbitrage Today: Big Profits With XMR, ZEC, XLM, ETH, XRP, Dash appeared first on NullTX.

11 days ago

Tomorrow! @zooko Wilcox, Zcash CEO, presents "Cryptography a...

Tomorrow! @zooko Wilcox, Zcash CEO, presents "Cryptography and Compliance: Lessons From the First Two Years of Zcas… https://t.co/gYX6ebOPJa

12 days ago

Ripple CTO David Schwartz defends XRP after Kraken statements

The cryptocurrency market has been abuzz with multiple news updates which have come as a result of the deep chain reorganization on the Ethereum Classic [ETC] network. The shakeup also resulted in multiple exchanges like Bitfly and Kraken to closely monitor ETC transactions. Post Kraken’s announcement, the cryptocurrency exchange had gotten into a tussle with another Twitter user who asked Kraken for the reason as to why the exchange continued to list ETC. Kraken replied: “Ripple is only one example of a blockchain which has had problems. Bitcoin, Ethereum, ZCash, you name it, have all had their share of problems. This what markets are for. People disagree and can invest accordingly. Deplatforming is not the answer.” The comment was called out by XRP’s parent company Ripple, whose Chief Technological Officer David Schwartz rebutted: “It’s irresponsible when exchanges misrepresent digital assets in this way - @Ripple is a private company, different from XRP or the XRP Ledger. They’re not interchangeable, and there’s no disputing it.” Schwartz focused his reply on the fact that Ripple is just the parent company under which xRapid, xVia and xCurrent functions along with XRP. Many XRP enthusiasts followed Schwartz’s path, stating the faults with the cryptocurrency exchange as well as Kraken’s official handle. Dr. T, a popular XRP advocate backed Schwartz by saying: “Thank you for calling for public accountability. That twitter acc. has been acting unprofessionally for a long time. It’s now clear Jesse was controlling the handle. I just don’t understand how the industry as a whole could mature if a person (@EDadoun) simply asked for reasons?” The XRP proponent further stated: “The longer we have Proof of Work coins listed at exchanges, it’s inevitable that one of these days a 51% attack will leave an exchange insolvent and then every other digital asset will be affected due to that, and market may crash. Coinbase was told that reality SIX MONTHS ago!” The deep chain reorganization on the Ethereum Classic blockchain had resulted in funds worth $460,000 being manipulated on the network. This was first pointed out by Coinbase who had revealed: “We observed repeated deep reorganizations of the Ethereum Classic blockchain, most of which contained double spends. The total value of the double spends that we have observed thus far is 88,500 ETC (~$460,000).” The post Ripple CTO David Schwartz defends XRP after Kraken statements appeared first on AMBCrypto.

12 days ago

Zcash [ZEC] Details Its 2019 Go-To-Market Strategy

Cryptocurrency project Zcash recently announced in a new blog post that its Go-to-Market activities had reached early adopters in need of an alternative store of value (SoV). Zcash also suggested that Asia and the US are the primary target markets for the project’s research, business development, and marketing activities. Moving on to the Early Adopters Zcash informed that it is focusing on the US and Asia, with a specific focus on the Japanese, South Korean, Singaporean and Hong Kong markets in Asia. There will be some engagement with Indonesia, Malaysia, Thailand, and the Philippines as well. The team will also research the product market fit for Zcash to be used as a Medium of Exchange (MoE), with Latin America and the US as primary targets. Zcash isn’t looking for broad MoE adoption right now. Instead, they will focus on proofs-of-concept and product research. The announcement states that MoE use cases have the most potential in spurring growth at scale. The GTM Emphasis The Go-to-Market emphasis is on use cases with a full life-cycle or customer decision journey. Zcash will focus initially on ‘Store of Value’ use cases for full adoption in the near-term and eventually move on to find the ‘Medium of Exchange’ use cases to get a product market fit. To reach its goals, Zcash will drive adoption of shielded addresses by third parties. With October’s Sapling activation, the exchanges can support shielded addresses in a less resource-intensive process. The team will also work to market and support features- including the creation of compelling content, content localization, and event participation. They will also look to recruit exchanges, funds, and custodians catering to institutional investors. The team is also expected to grow bigger next year as Zcash will add a new Asia regional head, a Latin America community leader, market analyst, contract-to-hire paralegal and an event coordinator. Another important goal for the team will be to increase collaboration and openness in the network. The name of Zcash Company will change, while the names of Zcash as a digital currency and Zcash Foundation will remain the same. For further openness enhancement, they will also reveal details about their trademark, provide quarterly newsletters and quarterly updates via live stream. Zcash [ZEC] Details Its 2019 Go-To-Market Strategy was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

12 days ago

Altcoin Arbitrage Today: ZEC, BTG, TRX, XRP, Dash, EOS

Not a day goes by without healthy arbitrage opportunities popping up in the cryptocurrency and digital asset world. While most of the price differences may seem minimal, all of these small profits will eventually add up to some extra money. The following six opportunities all let users make easy money with very little effort involved. ZCash (Cex / Bittrex / Bitfinex) Over the past few days, it has become apparent there is some good money to be made from cryptocurrency arbitrage involving the Bitfinex exchange. In the case of ZCash, it is somewhat profitable to buy ZEC on Cex or Bittrex and flip the coins on Bitfinex. The average profit sits near the 1.35% mark, although Bittrex maintains the lowest ZEC price and yields the bigger profit potential. Bitcoin Gold (Koineks / Bitfinex) Even though Bitcoin Gold is not necessarily the most successful fork of Bitcoin to date, it is still a viable altcoin for arbitrage opportunities. Buying BTG on the Koineks platform and selling it on Bitfinex will result in a profit of 2.17%. Considering how Bitcoin Gold usually has low trading volume, timing one’s trades correctly will be crucial. Tron (Koineks / Bitfinex) It is shaping up to be a good day for flipping altcoins and tokens on the Bitfinex exchange, by the look of things. The platform also has a higher price for Tron compared to Koineks, which makes for a rather interesting opportunity to look into. With an expected profit of 1.53% per trade, there is some good money to be made by flipping one of the more popular altcoins on the market. Dash (Bittrex / Sistemkoin) As has been the case for some time now, there is at least one pair of privacy coins subjected to arbitrage opportunities every single day. Alongside ZCash, Dash is another option worth looking into right now. Its value on Bittrex is 1.57% lower compared to Sistmekoin, which makes for a rather straightforward trade. Another good money-making opportunity to keep a close eye on. EOS (Paribu / Bitfinex) For those altcoin traders who seemingly can’t get enough of making money through Bitfinex, it seems EOS is another altcoin worth bringing to this platform. One can easily source liquidity from Paribu, which also results in a bigger profit margin. Successfully completing this trade yields a profit of just over 2% per trade. EOS Hardly ever has liquidity problems, although Paribu is still a relatively small exchange first and foremost. XRP (Bitstamp / Bittrex / Bitfinex) The final arbitrage opportunity on this list involves selling XRP on the Bitfinex platform. Users can purchase XRP from Vebitcoin, Cex, Bittrex, Bitstamp, Paribu, BtcTurk, or Koineks and can expect an average profit of 2.7% per trade. Considering how popular Ripple’s native asset is, there is a lot of potential money to be made by exploiting these price gaps. Information provided by Arbing Tool 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. Image(s): Shutterstock.com The post Altcoin Arbitrage Today: ZEC, BTG, TRX, XRP, Dash, EOS appeared first on NullTX.

13 days ago

Winklevoss Twins Still Set to Make Bitcoin ETFs a Reality

CoinSpeaker Winklevoss Twins Still Set to Make Bitcoin ETFs a Reality The Winklevoss twins are not going to give up on making Bitcoin exchange-traded funds (ETFs) a reality, as they stated during an Ask Me Anything (AMA) session on Reddit today, January 7, which covered many tricky questions related to Bitcoin’s future, Gemini exchange and cryptocurrencies in general. An exchange-traded fund represents itself a basket of assets that can be united together and sold as one product. Properly, each application for ETFs should be approved by the Securities and Exchange Commission (SEC), so that to make them legally tradeable in the United States. As a comprehensive reply to the question about whether or not Bitcoin will keep its number one position among cryptocurrencies, Cameron Winklevoss stated: “Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.” Concerning the both brothers’ ambition to finally make Bitcoin ETFs a reality, the Winklevosses said that they are going to continue working on further attemps are not planning to stop, despite their two preceeding failures. The first application for a Bitcoin ETF was rejected by the SEC in March 2017, while the second was declined later in July 2018. During the AMA session, Tyler Winklevoss expressed his strongest belief in Bitcoin by calling it ‘gold than gold’: “Our thesis around bitcoin’s upside remains unchanged. We believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of bitcoin will surpass the ~7trillion dollar market cap of gold.” Answering the question on the relative importance of blockchain versus cryptocurrencies, both brothers agreed that one cannot exist without the other, comparing that blockchain without cryptocurrencies is like ‘calling AOL the Internet’. In 2014, Cameron and Tyler Winklevoss has founded Gemini, a licensed digital asset exchange and custodian built for both individuals and institutions. In September 2018, they launched the Gemini dollar (GUSD), which is reportedly backed by United States dollars that are held at a bank located in the United States and eligible for FDIC ‘pass-through’ deposit insurance, subject to applicable limitations. Gemini Exchange is still very much a work in progress, not offering tokens and features that other exchanges across the world serve. This fact brought about another tricky question, which was asked during the AMA session. It was related to the Bitcoin’s latest technology, which for some reason has not been implemented on Gemini yet. The Winklevosses explained: “Our Bitcoin hot wallet was made before Segwit was but a twinkle in Pieter Wuille’s eye. It would be very tricky to retrofit Segwit into there. So we built a new hot wallet, from the ground up, with support for Segwit, transaction batching, Bech32 addresses, and all sorts of other goodies. We used that new system for Zcash, Litecoin, and Bitcoin Cash, which is why we’re already using both native and P2SH wrapped Segwit for Litecoin. We’re working on migrating Bitcoin to the new system, and it should be done in Q1.” Whether or not the brothers will succed in their attempts is yet to be seen. Some experts believe that if they move their focus outside the US, the chances would be more realistic. Winklevoss Twins Still Set to Make Bitcoin ETFs a Reality

13 days ago

MimbleWimble: History, Technology, and the Mining Industry

A historical overview of MimbleWimble, Grin, & BEAM MimbleWimble, a blockchain protocol focused on fungibility, privacy, and scalability, was released in the wild in July 2016 on IRC channel #bitcoin-wizards by pseudonymous Tom Elvis Jedusor. The paper proposed a novel way of combining transactions to improve the privacy features in a public blockchain. Jedusor’s paper was built on the work of another anonymously posted paper from 2013 using one-way aggregate signatures (OWAS), which required a novel cryptographic primitive, pairing crypto, which wasn’t well trusted in academia. It also drew inspiration from Confidential Transactions and CoinJoin, two privacy proposals by Bitcoin Core developer Gregory Maxwell. The original MimbleWimble paper used the same elliptic curve cryptography Bitcoin uses, catching the attention of many Bitcoin researchers including Andrew Poelstra, a mathematician and applied cryptographer at Blockstream, who further improved on the MimbleWimble white paper, releasing a “precise” version in October 2016. Poelstra’s work has long been focused on privacy, having worked on Confidential Transactions and scriptless scripts in Bitcoin. Originally, it was envisioned that MimbleWimble could either be integrated as an upgrade to Bitcoin or exist as a sidechain, but Pieter Wuille, co-founder of Blockstream and a Bitcoin Core developer, clarified some of the challenges to integrating it as a backwards-compatible change on a 2016 podcast: “Introducing mimblewimble into bitcoin in a backwards-compatible way would be a difficult exercise. It may not be impossible, but it would be hard. I think the way if people were experimenting with this, I would expect it to be an experimental separate chain or sidechain. In a sidechain we would not introduce a new cryptocurrency but it would be a separate chain. There are some downsides to mimblewimble. In particular, it does not have a scripting language...a scripting language is very neat to play with, but it has a privacy downside. Mimblewimble takes this to the other side where you have very good privacy but at the expense of no other features any more.” The trade-off made by MimbleWimble excludes an expressive scripting language, which allows for innovations such as payment channels (e.g., the Lightning Network) and cross-chain atomic swaps, both of which launched in Bitcoin in 2017. Since then, two separate implementations of the MimbleWimble protocol have emerged, both with different considerations around community, ethos, funding, and technical details. The first implementation, Grin, which has become synonymous with MimbleWimble, was released just a few days after Poelsta’s position paper. Pseudonymous Ignotus Peverell, the original owner of Harry’s invisibility cloak, created the Github project ignopeverell/grin, where he provided a partial implementation of the protocol written in Rust, in addition to posting his vision for the project’s ethos. In March 2017, Peverell posted a technical introduction to Grin and MimbleWimble (as the name is now stylized), which serves as the principle reference to the protocol’s specification today. To date, the project is still maintained by a group of mostly anonymous developers, several of whom have taken on Harry Potter pseudonyms in line with the original ethos of the project (including Luna Lovegood, Seamus Finnigan, and Percy Weasley). The first Grin testnet was launched in November 2017 and the project is currently on testnet 4, which is believed to be the last before the project’s mainnet launch. The second implementation, BEAM, is a project started in March 2018 and was formally announced on the one year anniversary of the original Mimblewimble paper release. BEAM was presented in a separate white paper (along with a fully functional mining node and wallet client) and took on a more formal structure similar to Zcash, in stark contrast to Grin’s anarchic, open-source ethos. The BEAM team is led by CEO Alexander Zaidelson, an Israeli entrepreneur. With a defined management/engineering team, pre-sale, a formal foundation, and founder’s tax, BEAM took a very different approach to present a competitive alternative to Grin in the market. In addition to creating the formal structure around the project, the BEAM team made different technical choices to Grin, including decisions related to the monetary policy and hashing algorithm (which are explored below). BEAM launched in early January 2019 with a significant lead on hash-rate. Understanding Bitcoin’s UTXO model and cryptographic primitives Note: This, by no means serves as a comprehensive introduction to Bitcoin or cryptography, but provides enough context such that the uninformed reader should be able to follow along. From the earliest days, privacy and fungibility have been core concerns of Bitcoin users. Through complex network analysis and blockchain analysis, Bitcoin has seen many attempts to de-anonymize transactions. While cryptocurrencies have emerge

13 days ago

Bitcoin [BTC] is better at being gold than gold; will surpass the $7 trillion market cap, say Winklevoss twins

Tyler and Cameron Winklevoss conducted an AMA on Reddit on r/IAmA subreddit, where they spoke about a plethora of topics and mostly about Bitcoin and its future. The topic even included questions from users regarding Gemini’s fee structures. A Reddit user, YRuafraid referred to Winklevoss’ AMA of 2014 when the brothers predicted that Bitcoin price would hit $40,000 per BTC. The user asked if the same was still true. Winklevoss replied to this question: “Our thesis around bitcoin’s upside remains unchanged. We believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of bitcoin will surpass the ~7 trillion dollar market cap of gold.” The Reddit users quickly calculated that if this were to happen [assuming the circulating supply of BTC at 21 million] it would put the price of Bitcoin at $333,3333 per BTC. A user, Noeel asked: “Do you think Bitcoin will allways be Crypto #1?” To the above, Winklevoss replied: “Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.” The users moved from price predictions to a much more intense question regarding Gemini exchange. A user Vinyl_Steelworks asked: “If you’re so committed to Bitcoin, why hasn’t your exchange implemented the latest Bitcoin technology yet? Things like implementing Segwit and transaction batching would not only benefit both your exchange and your customers but also the network as a whole.” Winklevoss replied that their hot wallet was developed before SegWit was up and running and that trying to “retrofit” SegWit into existing wallets would be a tedious job. He continued that there was a new hot wallet in development which would support “SegWit”, “transaction batching”, “bech32 addresses”. Winklevoss even added that there would more features available for the users which are still in the development stage. Moreover, Winklevoss confirmed that the SegWit implementation was already tested on Litecoin, Zcash, Bitcoin Cash. As for Bitcoin’s SegWit implementation, Winklevoss confirmed that it will be by Q1 of 2019. The AMA took a serious turn when a user asked about their views on the future of crypto ETFs and Security Token Offerings [STOs]. The user RealOzSultan asked: “What’s your short term plan to gain approval on Crypto ETFs and longer term where do you see STOs?” Bitcoin ETF is one of the most discussed and awaited product that is yet to be launched or even approved by the authorities. Bakkt, which was supposed to launch the ETF on January 24, 2019, has postponed the launch date to an unspecified time in the future. Winklevoss appreciate the question and replied: “We understand the Commission’s concerns and are working hard to address them (i.e., increased marketplace surveillance) w/ the following steps: 1. Marketplace Conduct Rules - we implemented this to foster a rules-based marketplace. 2. Marketplace Surveillance - we have partnered with Nasdaq to implement Nasdaq’s SMARTS Market Surveillance technology to monitor the Gemini marketplace. 3. Market Surveillance Team - we have built an in-house team to monitor out marketplace for manipulative and deceptive practices. 4.Virtual Commodities Association - we are helping stand up an industry-sponsored self-regulatory organization for virtual commodity exchanges. We are committed as ever to making an ETF a reality!” Winklevoss twins have pushed the ETF twice for approval by the U.S.’ Securities and Exchange Commission [SEC], once in July 2018 and the other in March 2017. The post Bitcoin [BTC] is better at being gold than gold; will surpass the $7 trillion market cap, say Winklevoss twins appeared first on AMBCrypto.

13 days ago

Cryptocurrency Regulation battle Intense In Africa, Regulators Pin Down Suspicious Cryptocurrency Projects

Cryptocurrency craze among African audience is at its peak but 2019 might see many African countries imposing cryptocurrency regulations. The latest report released on January 03, 2019 indicates the initiative of ‘Africa’s new regulatory working group’ created to find out the potentials of blockchain and cryptocurrencies within the nation. Regulators keen to impose cryptocurrency regulations in Africa Consequently, on January 07, 2019, an African local media ‘IT Web Africa’ unveiled the upcoming plans of ‘Capital Markets Authority of Kenya (CMA). According to the reports, CMA cautioned public over ‘KeniCoin crypto tokens and crypto trading in Kenya’. KeniCoin is a digital token launched in July 2018 and has promised to provide 10 percent monthly returns on investment to the users. CMA warns crypto enthusiasts in Kenya ‘to be caution in dealing with such firm’ and as such, the regulatory body is investigating ‘Wiseman Talent Ventures’, the ‘company behind the KeniCoin crypto tokens’. After the viable investigation, Wiseman Talent Ventures is quiet and has not discussed anything on the claims. Also called as Capital Markets Authority, the CMA is an independent governmental body, supervising, licensing and monitoring the market activities. Addressing KeniCoin trade nature, CMA counseled that; Further, the Capital Markets Authority has noted discrepancies in the information provided in the website www.kenicoin.com and the information given to the authority during interviews of Wiseman Talent Ventures leadership in relation to the total number of Kenicoin sold and the total funds raised. CMA is currently investigating the operations of Wiseman Talent Ventures. Many African countries including South Africa are part of Financial Action Task Force(FATF), a group of 37 countries, which is planning to formulate governing rules and guidelines to govern cryptocurrency exchanges. It will principally make sure effective countermeasures are in place to prevent activities such as money laundering and terrorist funding, according to a Japanese government official familiar with the matter. Status of Cryptocurrency regulations in Africa March 2018 - Central Bank of Kenya warned general public over-investment in Bitcoin and other cryptos May 2018 - South African Reserve Bank called digital currencies as ‘cyber -tokens’ CMA sent out ‘caution notice’ to all crypto investors’ citing global market volatility January 2019 - South Africa’s revenue service urged to amend ‘tax return forms’ to add cryptocurrencies as a better approach to impose cryptocurrency regulations Africa’s government announces the initiation of ‘unified inter-governmental regulatory framework’ January 2019 - Capital Markets Authority (CMA) cautions public over KeniCoin and subsequent crypto trading in Kenya Finance minister Tito Mboweni responded to the question of local African media that the cryptocurrency regulations in South Africa are likely to subject under tax consideration. He said that’ “Taxpayers who have made some form of declarations regarding cryptocurrency trades have captured such trade as a form of ‘other trade income’ or ‘other trade loss’, and have made reference to a description of digital/cryptocurrency trading (e.g. Bitcoin Cash, Litecoin (LTC), Ethereum (ETH), Zcash (ZEC) to name a few).” Africa is bird’s nest for many successful cryptocurrency projects and the future of cryptocurrency depends on the nature of regulations that will be imposed on cryptocurrency project by African countries. The post Cryptocurrency Regulation battle Intense In Africa, Regulators Pin Down Suspicious Cryptocurrency Projects appeared first on Coingape.

14 days ago

Zcash Tech Fires Ethereum Towards True Scalability

What a difference a new year makes. The crypto market is decidedly positive, with nearly all of the top 10 cryptocurrencies trading in the green — including Ethereum (ETH). With the ether price holding above $150, the community is optimistic for the upcoming hard fork date of Jan. 16. The scheduled upgrade, dubbed Constantinople, may be part of the reason why Ether prices remain resilient after a series of setbacks and delays deflated sentiment around the largest dApp platform. Adding to that resilience is the unexpected but welcome integration of zk-SNARKs onto Ethereum’s Plasma testnet, which is a positive indication for the network’s future scalability. Zk-SNARKs are the form of zero-knowledge cryptography used by Zcash (ZEC) for privacy transactions. ETH strongly influences the broader crypto market — in both directions. While bitcoin’s dominance hovers at 51.7%, ETH could be making a comeback of its own. After recently reclaiming the No. 2 spot among cryptocurrencies from XRP, Ethereum has once again given investors something to celebrate. Why It Matters Moscow-based Matter Inc. is a team of developers that looks to solve the blockchain’s scalability shortcomings. They recently launched what the dev team describes as a SNARK-fueled implementation of Plasma on Ethereum’s Rinkeby testnet. Dubbed Ignis: Fire, it bolsters Ethereum’s scalability to 500 transactions per second (TPS). Compared to Ethereum’s current limit of 15 TPS, the new tech thrusts distributed ledgers into the realm of the Visa network, which operates at 2,000 TPS. Plasma is the brainchild of Vitalik Buterin and Lightning’s Joseph Poon. It has been likened to Bitcoin’s Lightning Network, combining off-chain transactions with the security of the Ethereum main chain. Buterin previously suggested that zk-SNARKs had the potential to scale Ethereum to a capacity of 500 TPS. So it was no surprise that the Ethereum co-founder was impressed by Matter, although he clarified that it was “not technically [a] Plasma” implementation. This is NOT technically Plasma (the usual name is "rollup") but it's still amazingly cool. I did not expect it to be implemented so quickly. Great job TheMatter team. https://t.co/f6hpAMhwnZ — Vitalik Non-giver of Ether (@VitalikButerin) January 6, 2019 The Matter team knew that they were stretching the “narrow meaning of the term Plasma” but say the ability to “achieve a gas cost reduction by a factor of 50 compared to normal token transfers” justified the classification. The three top priorities for the Ethereum project in 2019 are scalability, scalability and scalability. As a result, the Ethereum Foundation has awarded a $5 million “scalability, usability and security grant” to Parity Technologies. Parity has been a “self-financed and open-source effort since their founding,” and now the Foundation is incentivizing them to work faster. Parity will direct the funds toward Casper, sharding and other scaling solutions, with the funds to be released in tranches with each milestone reached. We look forward to making Ethereum even better by completing eWasm compatibility, shipping a light wallet for mainnet, and completing our work on sharding Phase 0 and 1. — Parity Technologies (@ParityTech) January 7, 2019 The More, The Merrier Meanwhile, another founder to cheer the zk-SNARK development was Zooko Wilcox, who expressed his support for on the community forum. It inspired the Zcash founder to “pursue this sort of approach for Zcash,” though he pointed out that it’s more difficult to scale private transactions. And even as Ethereum is just getting closer to the SNARK tech, Wilcox suggested that Zcash could go in another direction: I’m kind of disenchanted with zk-SNARKs and wanting to upgrade to toxic-waste-free systems like STARKs and Bulletproofs instead of using zk-SNARKs for more things, but that again makes it harder and pushes back a probable launch date by about two years. If Wilcox wants to know the impact that such delays could have on a coin’s value, he may want to ask Vitalik Buterin. The author is invested in digital assets, including Zcash and bitcoin which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Zcash Tech Fires Ethereum Towards True Scalability appeared first on Crypto Briefing.

14 days ago

Learn more about the Zcash reference wallet light client pro...

Learn more about the Zcash reference wallet light client protocol including how it protects the #privacy of users a… https://t.co/t1zhbaxGzj

14 days ago

Crypto Market Update: $7 Billion Pump Holding For Now

FOMO Moments Crypto markets making moves on Monday; Litecoin, Cardano and Neo racing ahead, Ethereum sluggish. Another crypto market rally has greeted us this Monday morning as $7 billion flowed back into digital currencies over the past 24 hours. The bounce has taken total market capitalization over $135 billion and the two week trend is still a positive one. Bitcoin had another one of its vertical spikes a few hours ago as the big green candle broke through resistance and topped $4,000. The good news is that BTC has held on to its gains this time and is currently trading at around $4,070, up 6% on the day. Ethereum has not made much this time around, adding a meager 2.5% on the day taking it back over $155. This has enabled XRP to close the gap with a 4% gain on the day to $0.370. The market cap difference between second and third is now $1.2 billion. The rest of the top ten is all green during the Asian trading session today. Streaking off ahead is Litecoin adding 9% on the day and touching $40 for the first time in nearly two months. Stellar has made 6% but that was not enough for it to drop a place to LTC which is now sixth and not far behind EOS which has made 5%. The rest are up between 2 and 4 percent at the time of writing. Big gains have been made by Neo and Cardano in the top twenty with 8 and 12 percent respectively. The three privacy coins Monero, Dash and Zcash are all making over 6% on the day and the rest are 2 to 4 percent higher, only a couple of stablecoins are showing red at the time of writing. The fomo today is going to DEX again which has pumped and dumped by 90% in previous days. REPO is back up again with another 30% pump and Buggyra Coin has also made over 25% on the day. Getting hammered is MobileGo shedding 16%, the only coin in the top one hundred to drop double figures. Total crypto market capitalization has been boosted by $7 billion as it climbs around 5% on the day. Markets have currently settled at around $137 billion which is still within their range bound channel. Daily volume is up to around $17 billion and Bitcoin dominance has crept up half a percent to 51.6%. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Update: $7 Billion Pump Holding For Now appeared first on NewsBTC.

15 days ago

Markets Update: Crypto Analysts Remain Uncertain After 2019’s First Week of Trading

Since our last markets update, cryptocurrency markets consolidated within a tight range and have been less volatile over the last few days. The market capitalization of the entire cryptocurrency economy has gained about $5.7 billion and a few of the top coins have seen some price jumps this week. Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization Crypto Markets Consolidate, But Some Coins See Gains As the first week of 2019 comes to an end, digital currency prices this Sunday are far less volatile than the last two months of 2018. At the time of publication the entire cryptocurrency market valuation of all 2000+ digital coins is roughly $131.7 billion. Since the holidays and the first annual “Proof-of-Keys” day has passed global trade volume has steadily increased. There’s about $15.8 billion worth of cryptocurrency global trade volume today across popular exchanges and ripple, litecoin, and stellar are this weekend’s top performers. Currently, the digital asset bitcoin core (BTC) is trading for $3,869 and market prices are up 0.03% over the last 24 hours. BTC captures around $4.9 billion of the world’s crypto-trades and has a market valuation of around $67.5 billion. Top ten digital assets by market capitalization on Jan. 6, 2019. The second highest valued market capitalization this Sunday is held by ethereum (ETH) which is down 2.6% today. However, over the last seven days, ETH has gained 10.3% and one ETH is trading for $153. Ripple (XRP) is up a hair today with 0.36% gained over the last 24 hours but the week shows a loss of around 2.8%. One XRP is swapping for $0.35 and holds about $424 million of the world’s digital asset trade volume. The token eos (EOS) is still holding the fifth largest capitalization, but litecoin (LTC) is not too far behind. One EOS is trading for $2.76 and markets have risen 3.8% this week. EOS markets are up today 0.79% and markets are also capturing $761 million in trades. As mentioned above LTC has spiked considerably jumping 7.8% today and 19% over the last seven days. LTC has managed to commandeer the sixth largest market valuation this week. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) markets had it much better last week and prices have consolidated into a pretty tight range. At the moment one BCH is trading for $160 per coin and markets are down 1.4% over the last 24 hours and down 1.2% for the week. The top cryptocurrency exchanges swapping the most bitcoin cash today includes Lbank, Hitbtc, Binance, Huobi, and Coinbase. Currency pair statistics show tether (USDT) captures 48.3% of the global trades with BCH. This is followed by BTC (18.5%), ETH (16.9%), USD (8.9%), EUR (3%), JPY (2%), and KRW (1.3%). The EUR has spiked a great deal which is traditionally a sign of bullish movements ahead. BCH holds the eighth largest trade volume today below zcash (ZEC) and just above tron (TRX) markets. BCH/USD daily chart. BCH/USD Technical Indicators Looking at the daily and 4 hour charts on Bitstamp shows some tight Bollinger Bands and signs of deep consolidation. At the moment on the 4 hour chart, the Relative Strength Index (RSI) is meandering in the middle between oversold and overbought regions at -47.8. Stochastic and the MACd show similar readings and it seems as though traders are uncertain of which direction the next wave will take them. BCH/USD 4 hour chart. The two Simple Moving Averages (SMA) are still showing a decent gap between the short term 100 SMA and the long-term 200 SMA. The 100 SMA is well above the 200 SMA indicating the path toward the least resistance is still the upside. Order books on some of the most popular exchanges show BCH bulls need to surpass the $170 range in order to gain some better momentum. On the backside, there is plenty of foundational support between the current vantage point and the $140 region. BCH/USD 4 hour chart. The Verdict: While Some Analysts See Positive Signs, Others Are Not so Optimistic It is safe to say that most traders are waiting on the sidelines for some more confirmations of a bearish-to-bullish trend change, or another big drop in crypto prices. Some people believe they have noticed a positive trend change among crypto asset prices and the validation of some bullish divergence over the last few weeks. Mati Greenspan, senior market analyst at Etoro gave his thoughts on the current cryptocurrency market trends on Jan. 3. “Gains across most of the popular crypto assets have been rather mild lately,” Greenspan emphasized. “While it’s good to see bitcoin holding steady, we’re actually starting to see a side of the market that is more typical during a bull run.” Digital asset and fiat money flow on Jan. 6, 2019. However, digital currency market analyst Willy Woo explained on Jan. 5 that the bears still may be holding the reigns. “The initial volume spike false signaled a faster detox and an earlier end to the bear market, but in fact, it was a volatility side

15 days ago

Altocin Arbitrage Today: XMR, ZEC, XLM, ETH, XRP, LTC and 5% Profit

Even on a Sunday morning, there is some good money to be made with cryptocurrency arbitrage. In fact, one could argue some opportunities are even more lucrative compared to the rest of the week. The following six opportunities all offer pretty decent returns, depending on how much liquidity all involved platforms have to contend with. Monero (Livecoin / Bittrex / Bitfinex) Similar to what has happened earlier this week, it would appear the Monero arbitrage opportunities remain in place. There is still a rather interesting price difference between Livecoin or Bittrex and Bitfinex. Flipping XMR between these platforms will yield a profit of 1.9% on average, which makes for a rather decent money-making opportunity. ZCash (Bittrex / Bitfinex) As has become somewhat of a norm in the world of altcoin arbitrage, every time an XMR opportunity arises, the same will apply to ZCash. Today is no exception in this regard, as users who explore the Monero opportunity above can also scoop up ZEC on Bittrex and flip it on Bitfinex for a 2.18% profit. Killing two birds with one stone and getting paid to do so is always a favorable outcome for all parties involved. Stellar Lumens (KuCoin / HitBTC / EXMO) It has been a while since an arbitrage opportunity actively involved the EXMO exchange. Every now and then, such an opportunity will present itself and in rather spectacular fashion. Buying XLM on either KuCoin, Bitexen, HitBTC, Gate, Sistemkoin, Kraken, or Binance and selling it on EXMO will yield over 5% in profit. This is an exciting price gap to explore, all things considered. Ethereum (Poloniex / Livecoin / EXMO) It would appear the altcoin arbitrage opportunities in EXMO are coming out in force today. That is a good thing, as it shows this exchange is getting some attention again. Buying ETH on Binance, Kucoin, Poloniex, Gate, Livecoin, HitBTC, OKEx, or Kraken will yield an average profit of nearly 5% when selling the funds on EXMO. Litecoin (Bittrex / Bitstamp / Koinim) There are quite a few different Litecoin arbitrage opportunities to keep an eye on right now. This is primarily due to the Litecoin price increase, which may continue for some time to come. Buying LTC on Bittrex, Binance, or Bitstamp and selling on Bitfinex, Sistemkoin, Paribu, Koinim, or Btcturk will yield a profit of up to 2.6%. A viable option to check out under the current market circumstances. XRP (Any exchange / EXMO) There are so many different XRP arbitrage opportunities to take advantage of right now. It would appear any exchange that isn’t EXMO has a lower price for XRP, which makes for a rather straightforward trade. Profits will range anywhere from 1.8% all the way to 5.3% in quick succession. Information provided by Arbing Tool 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. Image(s): Shutterstock.com The post Altocin Arbitrage Today: XMR, ZEC, XLM, ETH, XRP, LTC and 5% Profit appeared first on NullTX.

16 days ago

It's Day 12 of the #12DaysOfCrypto! Today we're featuring $Z...

It's Day 12 of the #12DaysOfCrypto! Today we're featuring $ZEC. Zcash is a cryptocurrency designed to provide enha… https://t.co/PjRll69SRR

16 days ago

Crypto Market Update: Ethereum Increases Gap Over XRP to $2 Billion

FOMO Moments Crypto markets moving slowly; Ethereum extending the lead over XRP, Tron is flying. Crypto markets have gained marginally as we start the weekend but things are generally mixed for individual coins and tokens. Total market capitalization has remained above $130 billion but has not moved a great deal over the past 24 hours. Bitcoin has been pretty flat over the past day but is up a tiny bit on yesterday’s levels trading at $3,870 at the time of writing. Volume has increased again back to over $5 billion indicating more gains could be forthcoming. BTC is down a little on last weekend’s prices but the difference is negligible. Ethereum is accelerating away from XRP in third and the gap is now almost $2 billion in market cap. ETH reached an intraday high of $160 before pulling back slightly, at the moment it is still up over one percent to $158. Conversely XRP has fallen 1.8% back to $0.357. The top ten crypto assets are generally mixed with more red than green showing during the Asian trading session this Saturday. Bitcoin Cash continues its slide south of $160 with another 3% lost today. Tron is the biggest gainer with over 8% made at the time of writing, momentum coming from Binance including BitTorrent’s BTT token on its Launchpad and ETH gaming developer EtherGoo switching over to the Tron network. The top twenty altcoins are also a mixed bag at the moment. Binance Coin and Monero are making small gains while Iota and Zcash are falling back a little. The rest are not really moving much with less than a percent difference from yesterday’s prices. Yesterday’s fomo pump is still pumping today as REPO adds another 40% and makes it into the top 70 cryptocurrencies. DEX is still pumping and dumping with a similar gain on the day and Dentacoin has also made over 20% today. Getting the red end of the stick in the top one hundred is Holo dropping 9% at the time of writing. Total crypto market capitalization has not moved a lot since yesterday and is currently at $132 billion after reaching a low of $128 billion last night. Trade volume is up marginally to $16 billion but a sideways channel seems to be forming at this level. Markets have been pretty flat all week but are up almost 5% on the same time last month. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Update: Ethereum Increases Gap Over XRP to $2 Billion appeared first on NewsBTC.

17 days ago

First Ever Mimblewimble-Based Privacy Coin Beam Goes Live

Beam announced its live mainnet launch just in time for the 10th anniversary of Bitcoin. Based on the Mimblewimble protocol, the brand-new cryptocurrency has a few lofty goals, and among them is to make cryptocurrency transactions “drastically” more confidential. Another noteworthy aspect about the cryptocurrency that could end up rivaling Zcash and Monero is that Beam is the first ever project to implement the ‘Mimblewimble’ protocol. This was a widely applauded blockchain protocol proposed anonymously in 2016 (sound familiar?) with the goal of bringing privacy back to crypto transactions. If it all sounds like a bunch of Harry Potter Hocus Pocus to you, that’s probably because it is. The Mimblewimble protocol derived its name from a spell in the children’s books that prevents people from spilling secrets. Beam: First Project to Use the Mimblewimble Protocol The main premise behind the anonymous Mimblewimble protocol is to offer crypto transactions that are significantly more confidential than those made with Bitcoin, Ethereum, or even “privacy” coins like Monero. Cryptocurrencies, Bitcoin in particular, originally emerged as a way of allowing for privacy-oriented value storage and transfer. However, as time went by, it became clear that Bitcoin was not as anonymous as people thought. Data leaks could easily lead to the mapping of public addresses using blockchain forensics. To tackle these issues, cryptocurrencies like Monero and Zcash appeared on the scene, but not without their own issues. To start with, while these coins have a strong inclination toward privacy, not all their transactions are ultimately private. And both blockchains face similar scalability issues. Beam, then, is setting its sights on becoming the ultimate ‘storage-of-value’ and payment cryptocurrency, continuing the revolution set out by Bitcoin, through its focus on anonymity. After all, true confidentiality and scalability for financial transactions is a requirement not just of institutions and investors, but individuals as well. Both of these factors are considered necessary for true mainstream adoption of crypto to occur. CEO of Beam Alexander Zaidelson said: Sovereignty over one’s own information is a basic human right, and applies to all aspects of life, and especially to financial transactions... Everyone, from the largest institutional investors to the individual cryptocurrency holder, should have the right to decide on what to disclose and to whom. Combining Mimblewimble with Other Features Beam will combine Mimblewimble with additional features in order to offer true privacy to users on its network. The Beam blockchain remains a distributed ledger that allows for decentralized validation of transactions. However, no observer can obtain any private information about the sender, receiver, or amount transacted. Thanks to the Mimblewimble Transaction Cut-through feature, the blockchain size is expected to be between 3-10 times smaller than Bitcoin (if the same amount of usage is taken into consideration). Another interesting feature about Beam is that users will have the option of opting in for audits of their accounts and transactions, which could be extremely useful for tax and accounting purposes. Beam is brand-new on the mainnet and, according to its creators’ announcement on Medium, likely to contain bugs, defects, and errors while they work on implementing improvements. As developers begin to add key features like atomic swaps with Bitcoin, mobile wallet, pool support, and bitcoin wallet integration, Beam has the potential to attract traditional crypto users that left the market due to privacy concerns, or who fail to see coins like Monero as an attractive option. Financial institutions are also likely to see the value in a blockchain that allows for private transactions for its customers. Can Beam and MimbleWimble rival privacy-focused coins like Monero and ZCash? Share your thoughts below! Images courtesy of Shutterstock The post First Ever Mimblewimble-Based Privacy Coin Beam Goes Live appeared first on Bitcoinist.com.

17 days ago


News courtesy of berminal.com
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