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Zcash

Zcash ZEC

$51.31
Market Cap $ 488.188 MM (#28)
24h Volume $ 179.747 MM
Chg. 24h: -0.47%
Algo. score 3.8/5  (#27)
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Zcash News

10 days ago Zcash released a protocol specification upgrade ...

10 days ago Zcash released a protocol specification upgrade along with zk-snark support for mobile phones.… https://t.co/uxJQfdndYN

21 days ago

Chainalysis Can Now Track Your 'Privacy Coins' Zcash & D...

Chainalysis Can Now Track Your 'Privacy Coins' Zcash & Dash https://t.co/8biPhf1akQ #Crypto #Cryptocurrency #KYC… https://t.co/Wt6fS6o8LZ

25 days ago

Tornado Cash zk-SNARK (think Zcash) privacy is live on Ubiq ...

Tornado Cash zk-SNARK (think Zcash) privacy is live on Ubiq Mainnet Here is a blog post guide written by the commu… https://t.co/Ri8kRtcMRl

3 months ago

Zcash Community Votes to Implement New Mining Reward Distribution Scheme in November

The Zcash community recently voted to implement a new mining reward distribution scheme that will go in effect in November. The poll was conducted through a variety of means, including Telegram and Twitter, and asked community members about their opinions on mining payouts past that point. The new scheme will take effect in November 2020 during the Zcash halving the new mining reward distribution will be as follows: 80% for miners, 7% for the Electric Coin Company, 5% for the Zcash Foundation and 8% for grants. Zcash currently pays out 80% of its mining rewards to miners and 15% to founders, investors and other types, with the remaining 5% going to the Electric Coin Company. (JF)

5 months ago

@bitorrently @mirraxFTC @coinkit_ @Rhett800cc No we aren't a...

@bitorrently @mirraxFTC @coinkit_ @Rhett800cc No we aren't a Zcash fork and use completely different cryptography.… https://t.co/Oa4ryWW662

5 months ago

British Tax Agency Offers Reward for Tech Tool to Help Fight Against Crypto Tax Evasion

Her Majesty’s Revenue & Customs (HMRC), Britain’s tax agency, recently put out a call to technology contractors for the development of a tech tool that can help the tax agency combat against cryptocurrency cybercriminals. According to the post, the HMRC is offering a 100,000 pound sterling reward for a technology that can gather intelligence through cluster analysis which would be used by HMRC’s cybercrime team to correlate crypto-asset transactions with service providers. HMRC’s goal is to be able to track and analyze at least the big coins and ideally privacy tokens Monero, Zcash, and Dash. (JF)

5 months ago

@WhalePanda As noted elsewhere the problem with ZEC isn't it...

@WhalePanda As noted elsewhere the problem with ZEC isn't its lack of dev or research, it is effort has always been… https://t.co/fJP7fk3mGY

7 months ago

Ethereum Successfully Completed Its Istanbul Hard Fork

Ethereum, the second-largest blockchain after Bitcoin has successfully completed its major hard fork Istanbul at block 9,069,000. This is the third upgrade successfully implemented on Ethereum this year. Istanbul is the first step towards moving to Proof of Stake (PoS) from Proof of Work (PoW) and scaling Ethereum. Miners have accepted all of the EIPs. It includes adjusting the gas costs and making Ethereum interoperable with Zcash through atomic swaps. Ethereum (ETH) is priced at $150.55, gaining 0.75% in the last 24 hours. (VS)

7 months ago

Wow! The next Zcash update is in 4 DAYS Big update 75-seco...

Wow! The next Zcash update is in 4 DAYS Big update 75-second BLOCKS! That means the FIRST HALVING EVER will occu… https://t.co/DwavobsnB0

7 months ago

The GREED Zclassic launched 4 DAYS after Zcash with 0% Foun...

The GREED Zclassic launched 4 DAYS after Zcash with 0% Founder's reward. Zcash now extending the reward PAST orig… https://t.co/pe3rMXsJDT

7 months ago

Research Discovers "Fundamental Flaw" in Mimblewimble’s Privacy Model

According to a recent medium post by researcher Ivan Bogatyy, “Mimblewimble’s privacy is fundamentally flawed.” Bogatyy claims he was able “to uncover the exact addresses of senders and recipients for 96% Grin transactions in real-time,” using only $60/week of AWS spend. Further, “The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it. This means Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when it comes to privacy.” (JF)

7 months ago

Coinbase Exchange Tweaks Bitcoin and Altcoin Confirmation Times

Coinbase has changed the transaction confirmation times of Bitcoin (BTC), Litecoin (LTC), Ethereum Classic (ETC), and Zcash (ZEC). According to a blog update dated November 9, the San-Fransisco-based exchange revised Bitcoin's network confirmation times to 3, down from 6. Ethereum Classic deposits will now take 3,527 network confirmations to be cleared on the exchange, instead of the previous 5,676 confirmations. ZCash deposits will be available after 12 network confirmations, down from 18. Litecoin is the only proof-of-work cryptocurrency whose network confirmation threshold was raised, from 6 to 12. The Coinbase blog reported that these changes are being effected to improve customer experience on the exchange. (NE)

8 months ago

Zcash Company Finally Transfers Trademark Ownership To The Zcash Foundation

After months of controversies, Electric Coin Company (ECC), the maker of the privacy coin Zcash has transferred the trademark of Zcash to the Zcash foundation at no cost. ECC is a for-profit organization that launched Zcash in 2016 and has since been supporting the project through research and development, engineering and regulatory relations, among other work areas. Zcash Foundation is an independent non-profit organization that only focuses on the development of Zcash. ECC claims it cost them 500 hours and more than $250,000 since 2016 to maintain the trademark. Now, the Zcash foundation will be responsible for it. Zash (ZEC) is priced at $38.89, losing 1.17% in the last 24 hours. (VS)

8 months ago

German Finance Ministry Learns What Privacy Coin Users Already Know: Monero Can't Be Traced

A recent report in DarkNet Live suggests that Germinal officials have deemed privacy cryptocurrency Monero as untraceable. The report was published on popular forum Reddit, in response to which members basically agreed that those officials are correct. The German Federal Ministry of Finance published a report stating that privacy coins such as Monero and Zcash "are prone to money laundering," adding: "The anonymity of the users makes it easy to obscure the transactions, making it impossible to track money." And while the anonymous feature with privacy coins increases the chances for nefarious activities, the report concludes: "The risk of using cryptocurrencies ​​for the terrorist financing is currently classified as low." Reddit members cheered the fact that the focus is on regulation and not a ban. (CJ)

8 months ago

Germany Cosiders Anonymous Cryptocurrencies as Bigger Threats than Bitcoin

While it is t possible to link a Bitcoin address to a user with the help of blockchain forensics, it is nearly impossible to do so on privacy-focused cryptocurrencies such as Monero (XMR) and (ZEC). According to the German Ministry of finance, both privacy-focused cryptocurrencies are increasingly being used for illegal activities. In its First National Risk Analysis report, the German Federal Ministry of Finance stated that even though there is little evidence of the use of the anonymous cryptos for illegal activities, there is the potential for criminals to patronized them in the future. (EA)

8 months ago

Binance.US To List BUSD And IOTA

Binance.US, Binance's cryptocurrency exchange focused on American customers has announced that it would be listing BUSD and IOTA. Launched last month, Binance.US has been adding support for new coins every week. Just last week, they listed Algorand (ALGO) and Zcash (ZEC). The new pairs BUSD/USD, BTC/BUSD, and IOTA/USD will go live at 21:00 EST on 22 October 2019. BUSD is a stablecoin backed by the US Dollar, and it was issued by Binance in partnership with Paxos. It is regulated by the New York State Department of Financial Services (NYDFS). Binance.US saw a volume of $7.25 Million in the last 24 hours. (VS)

8 months ago

Zcash Community Discovers Fake ZecWallet On GitHub

The Zcash community has discovered a fake version of Zcash Foundation's native ZecWallet on GitHub. Zcash developer Electric Coin Company tweeted, "PSA to all Zcash users! There is a fake version of ZecWallet that likely contains malware (size and checksum is different) double check you are downloading from official @zecwallet repo on GitHub" along with a link to the official GitHub page. Zcash has faced multiple problems lately. Just last month, a bug was discovered in all Zcash implementations and most of its forks that could leak metadata containing the full nodes' with shielded addresses IPs. Zcash (ZEC) is priced at $36.62, gaining 1.73% in the last 24 hours. (VS)

8 months ago

Zcash Community Working on a Wrapped DeFi Token to be Integrated into the Ethereum Network

The ZCash Community is working on developing a ZEC token that can operate on the Ethereum blockchain. The end result is to enable Zcash users to enjoy a slice of the Decentralised Finance (DeFi) ecosystem made possible by the ecosystem. According to Josh Swihart, the VP of marketing at the Electronic Coin Company, the Zcash developers hope to launch a wrapped token in six months' time. Upon successful integration into the platform, Zcash will be able to provide automated, anonymous transactions and loans powered by the Ethereum network. Zcash (ZEC) is currently trading at $36.42, up by 1.18% in the past 24 hours. (NE)

8 months ago

Binance.US To List Algorand (ALGO) And Zcash (ZEC)

Binance.US, the cryptocurrency exchange from Binance focused towards US customers has announced the listing of two new cryptocurrencies: Algorand (ALGO) and Zcash (ZEC). Binance.US was launched last month with a limited number of cryptocurrencies. However, that is changing very quickly with new coins being launched every week. Early this week, the exchange listed Dash (DASH) and before that they listed Chainlink (LINK) and Ravencoin (RVN). Binance.US has already started accepting ALGO and ZEC deposits from its customers. The new trading pairs ALGO/USD and ZEC/USD will go live at 21:00 EST on 17 October 2019. Binance.US saw a volume of $7.4 Million in the last 24 hours. (VS)

9 months ago

Europol Predicts Rise of ‘Criminal’ Crypto Exchanges in Digital Underground

Is the current industry landscape, where centralized exchanges dominate cryptocurrency trading volumes, about to change in the coming years? Europol predicts that international regulatory demands for identity verification on established venues will push privacy concerned traders into so-called ‘criminal’ services in the digital underground. Also Read: Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives Europol Investigates Cyber Crime of the Future The European Union Agency for Law Enforcement Cooperation (Europol), formerly known as the European Police Office and Drugs Unit, recently released its 2019 annual assessment of the cybercrime threat landscape. The report focuses on the potential impact of future technological developments such as artificial intelligence (AI) and quantum computing on cybercrime, and also dedicates a section to what it defines as the criminal abuse of cryptocurrencies. The agency notes that cybercrime investigators report that cryptocurrencies continue to pose challenges for law enforcement. Additionally, “Crypto investigations are now a core part of daily business for law enforcement. As a result, investigators require training to ensure they have the appropriate skills to handle such investigations.” Cryptocurrencies play an essential role in the underground economy according to Europol’s findings. They are used for most “criminal to criminal” (C2C) payments on darknet forums and marketplaces. In addition to C2C payments, many attackers demand payment from victims for attacks such as ransomware or DDoS extortion by cryptocurrencies. The agency complains that such criminally obtained funds, while already inherently challenging to trace, are often further laundered through mixing services, which serve to obfuscate the financial trail. Europol headquarters at the Hague, Netherlands The most apparent development with regard to crypto, according to the report, is that attacks and frauds which historically targeted other payment systems or fiat currencies have now been adapted to incorporate cryptocurrencies. As such, Europol now routinely sees malware and phishing targeting crypto-investors and companies, and new frauds, such as investments frauds related to cryptocurrency. It speculates that such approaches may be more successful due to the lower levels of knowledge potential victims are likely to have about these new types of assets. Cryptojacking remains an issue but the activity appears to have peaked in 2018 and decreased throughout 2019, partially due to the shut down of Coinhive, the most popular mining script, in March. The report explains that the preferred cryptocurrencies were those that are suitable with CPU or GPU mining, and that are difficult to trace. Monero ticked both boxes, and was thus the first choice for this type of activity. Although these incidents could have affected many, the damage per victim is typically low and therefore it is rarely reported. While Europol previously reported a shift towards more privacy focused cryptocurrencies such as monero, zcash and dash, it now says BTC still remains the currency of choice for criminal use. The main developments regarding this trend are on darknet markets, several of which also accept XMR, or in some cases trade in it exclusively. Digital Underground Exchanges Are Coming In July 2018, the 5th EU Anti-Money Laundering Directive (AMLD5) entered into force. With 18 months to transpose the new regulations into national legislation, Europol expects all EU member states should adopt the recommended legal regime by the end of 2019. One of the key changes proposed by the directive was the regulation of virtual currency platforms (crypto exchanges) and custodian wallet providers (services where the company holds its users’ private keys). Such entities will be required to apply full customer due diligence, thereby completely identifying their clients, and to report any suspicious transactions to financial intelligence units. Europol fears that while this new legislation may capture a significant proportion of cryptocurrency users, those using hardware or software wallets, or trading via other peer-to-peer exchange systems, can still operate largely anonymously. Similarly, users of privacy-oriented cryptocurrencies such as dash and monero — until they choose to interact with a centralized exchange or add their coins to a custodian wallet provider — can also remain private. How the community will react to these developments remains to be seen. However, Europol predicts it is likely we will see the rise of ‘criminal exchange services operating on the digital underground,’ exchanging fiat and cryptocurrencies outside the regulated sector. The report concludes that law enforcement must continue to develop knowledge on how to track and seize crypto assets. Additionally, “Law enforcement must continue to build trust-based relationships with cryptocurrency-related businesses, academia, and other relevant private

9 months ago

Grayscale sees record Q3, hitting more than $400M in inflows over the past year

The institutions are here. That's the underpinning thesis of a new report highlighting asset manager Grayscale's inflows during the third quarter of 2019, according to managing director Michael Sonnenshein. "I actually think that we had a day where we raise over $75 million in a single day — which was the largest inflow we ever had in a single day," Sonnenshein said during an upcoming episode of The Scoop. That's larger than the size of Grayscale when Sonnenshein joined the firm from JPMorgan in 2014. As per the report, inflow momentum reached its highest level in Q3, bringing in a record $254.9M under Grayscale's management in a single quarter. As such, inflows over the past year hit a record $412.M. In total, the firm manages over $2 billion on behalf of institutional investors, wealthy individuals, and hedge funds. Source: Grayscale Q3 2019 Digital Asset Investment Report Strikingly, a significant portion of inflows poured into Grayscale's alternative cryptocurrencies funds compared to previous quarters, the report shows. In total, the assets managed in the funds, excluding its flagship GBTC product, grew by $107M in Q3. Grayscale operates a total of 10 funds tied to the cryptocurrency market, including ones tied to ZCash, Ethereum Classic, and its Grayscale Digital Large Cap Fund, which Monday received clearance from FINRA to trade openly in the over-the-counter market. Source: Grayscale Q3 2019 Digital Asset Investment Report Sonnenshein attributed recent asset growth to the firm's May launch of its #DropGold campaign, which called on U.S. investors to ditch the precious metal and join the bitcoin movement. Despite the team's small size, Sonnenshein noted Grayscale's boots-on-the-ground approach to sales as being a key part of its strategy. "Our team is out on the road quite a bit with investors and will descend on a city — call it Chicago or we were just in Vancouver a couple of days ago," he said. "What's been interesting to see is that even though we only give ourselves two or three days in a given place we're actually so busy we're either have to divide and conquer as a team to make sure we see everyone or in a lot of instances we're actually turning down meetings and having to schedule follow up calls or emails because we just don't have enough time while we're in a given place to kind of see everyone." Billion-dollar funds As for the client make-up, Sonnenshein said that much of the growth is being driven by traditional funds and investors, despite the widespread notion in the market that such firms are still sitting on the sidelines. "Most of our institutional investors are actually not crypto hedge funds," he said. "It really runs the gamut — we have tons of global macros funds who maybe look at digital assets as a way to be short fiat money or thinking about all the economic and political turmoil going on globally." Sonnenshein says the fund's structure as securities make them a more palatable avenue to invest in the crypto market compared to opening up an account on Coinbase and investing directly. Still, investing with Grayscale comes with its own drawbacks. For instance, in many instances the price of the fund does not always perfectly correlate with the underlying crypto — the result of an imbalance between supply and demand, Sonnenshein says. That's not keeping funds managing as much as $10 billion away. Sonnenshein says Grayscale counts funds in the $10 to $15 billion range as clients. Such funds only make up approximately 8.5% of the more than 10,000 total hedge funds in existence, as per data from Eureka Hedge.

9 months ago

Grayscale sees over $400M of inflows in Q3, driven by billion dollar hedge funds

The institutions are here. That's the underpinning thesis of a new report highlighting asset manager Grayscale's inflows during the third quarter of 2019, according to managing director Michael Sonnenshein. "I actually think that we had a day where we raise over $75 million in a single day — which was the largest inflow we ever had in a single day," Sonnenshein said during an upcoming episode of The Scoop. That's larger than the size of Grayscale when Sonnenshein joined the firm from JPMorgan in 2014. As per the report, inflow momentum reached its highest level in Q3, bringing in a record $254.9M under Grayscale's management in a single quarter. As such, inflows over the past year hit a record $412.M. In total, the firm manages over $2 billion on behalf of institutional investors, wealthy individuals, and hedge funds. Source: Grayscale Q3 2019 Digital Asset Investment Report Strikingly, a significant portion of inflows poured into Grayscale's alternative cryptocurrencies funds compared to previous quarters, the report shows. In total, the assets managed in the funds, excluding its flagship GBTC product, grew by $107M in Q3. Grayscale operates a total of 10 funds tied to the cryptocurrency market, including ones tied to ZCash, Ethereum Classic, and its Grayscale Digital Large Cap Fund, which Monday received clearance from FINRA to trade openly in the over-the-counter market. Source: Grayscale Q3 2019 Digital Asset Investment Report Sonnenshein attributed recent asset growth to the firm's May launch of its #DropGold campaign, which called on U.S. investors to ditch the precious metal and join the bitcoin movement. Despite the team's small size, Sonnenshein noted Grayscale's boots-on-the-ground approach to sales. "Our team is out on the road quite a bit with investors and will descend on a city — call it Chicago or we were just in Vancouver a couple of days ago," he said. "What's been interesting to see is that even though we only give ourselves two or three days in a given place we're actually so busy we're either have to divide and conquer as a team to make sure we see everyone or in a lot of instances we're actually turning down meetings and having to schedule follow up calls or emails because we just don't have enough time while we're in a given place to kind of see everyone." Billion-dollar funds As for the client make-up, Sonnenshein said that much of the growth is being driven by traditional funds and investors, despite the widespread notion in the market that such firms are still sitting on the sidelines. "Most of our institutional investors are actually not crypto hedge funds," he said. "It really runs the gamut — we have tons of global macros funds who maybe look at digital assets as a way to be short fiat money or thinking about all the economic and political turmoil going on globally." Sonnenshein says the fund's structure as securities make them a more palatable avenue to invest in the crypto market compared to opening up an account on Coinbase and investing directly. Still, investing with Grayscale comes with its own drawbacks. For instance, in many instances the price of the fund does not always perfectly correlate with the underlying crypto — the result of an imbalance between supply and demand, Sonnenshein says. That's not keeping funds managing as much as $10 billion away. Sonnenshein says Grayscale counts funds in the $10 to $15 billion range as clients. Such funds only make up approximately 8.5% of the more than 10,000 total hedge funds in existence, as per data from Eureka Hedge.

9 months ago

How the Dark Web is Holding Bitcoin Back From Greatness

The leading cryptocurrency of bitcoin is still the dark webs go-to form of money according to a report on cybercrime. The report European law enforcement agency, Europol published their findings last week which revealed a move towards more privacy-related cryptocurrencies which have been found. Dubbed as the 'Internet Organised Crime Threat Assessment 2019', the report states that bitcoin was still the most used currency on the underbelly of the internet. However, the authors of the paper say that the shift towards these so-called privacy coins like Monero, Dash and Zcash, could continue as criminals to become more aware of security. Europol has estimated that around a billion dollars have been spent on the dark web so far in 2019 alone. This money is typically spent on phishing attacks, ransomware, malware and any other illicit activity you can get your head around. $1 billion has been spent already this year and it’s only October... The report recommended that law enforcement agencies and the judiciary must continue to "develop, share and propagate knowledge on how to recognise, track, trace, seize and recover cryptocurrency assets. Law enforcement must continue to build trust-based relationships with cryptocurrency-related businesses, academia, and other relevant private sector entities, to more effectively tackle issues posed by cryptocurrencies during investigations.” Cryptocurrency has long had an issue with the dark web and cybercrimes. The whole Silk Road fiasco is just one lane on the story which we won’t get into just yet because believe it or not, it’s a long one! For bitcoin and cryptocurrency to truly get adopted by the mainstream, the dark web situation needs to be fixed however, some would argue that it’s too far gone at this point... It will be interesting to see how this plays out though nevertheless. For more news on this and other crypto updates, keep it with CryptoDaily!

9 months ago

As Payment Firms Abandon the Libra Association, Who’s Next to Go?

Following last week’s news that PayPal was backing out of the Libra Association, almost all of the payment firms initially linked to the project have now announced their departure. Over the weekend, news emerged that Stripe, Visa, Mastercard, Mercado Pago, and eBay have all abandoned Facebook’s beleaguered cryptocurrency, striking a blow to Mark Zuckerberg’s plans to create a global payments mechanism. Regulatory uncertainty appears to be the driving force for the Libra dropouts. But there are a few other members of the Libra Association that are no strangers to lawmakers. With the cloud of regulatory uncertainty showing no signs of clearing, will the companies already dealing with the turning tide of public opinion be next to leave Libra in the lurch? Uber A company on first-name terms with regulators across the globe, Uber has to be top of the list. The ride-sharing giant has contended with legal issues in pretty much every jurisdiction in which it operates. Back in 2017, Uber lost a case in the Court of Justice of the European Union. (CJEU) In this case, it was attempting to deny its status as a provider of transport, claiming instead it was an “information services provider.” The outcome created a ripple effect, as each European nation has interpreted the ruling according to its own laws. This has led to further woes for Uber. For example, in the UK, the company then had to contend with the question of whether its drivers are employees entitled to all the benefits of employment or if they’re independent contractors. The courts ruled that they are indeed employees, leading to a further dispute over whether the company should have been charging VAT on all its rides. This is just one example, and there are dozens more. As a member of the Libra Association, it will come under further regulatory inspection regarding its involvement in the cryptocurrency. Lyft Given it doesn’t operate in Europe, Lyft has escaped the wrath of the CJEU. However, operating exclusively in North America doesn’t mean it’s managed to escape unscathed. Together with its biggest rival, Lyft has also had to contend with legal wrangles over the employment status of its drivers in California. In September this year, legislators in Sacramento passed Assembly Bill 5, forcing Uber and Lyft to start treating their drivers as employees from January 2020. Lyft and Uber have also been hit with a class-action lawsuit from a group of wheelchair users in the US. The claimants are suing under the Americans with Disabilities Act, claiming that the lack of on-demand ride-sharing for people in wheelchairs is in violation of the terms of the Act. Spotify Another tech unicorn that’s had its fair share of legal run-ins over the years, could Spotify be among the next to walk away from the Libra Association? In December 2017, the music streaming giant settled a lawsuit with publisher Wixen over claims that it was using music without the correct licensing. The settlement cost Spotify $1.6 billion. A sum that, despite its size, still seems like small fry when you consider that the complaint alleged that the company failed to pay royalties 21 percent of the time, and the size of its catalog was 30 million songs at the time. More recently, Eminem’s publisher filed a lawsuit for the same issue, claiming that Spotify was streaming music for which it didn’t have a copyright license. The court documents state that the company placed the song “Lose Yourself” into its “Copyright Control” category, which it uses when it doesn’t know who owns the song. Although Spotify wasn’t around in 2003 when “Lose Yourself” won an Academy Award for Best Original Song, it seems a shaky defense. Coinbase Coinbase has always gone to great pains to maintain a spotless record as far as the law is concerned. It’s one of the few crypto companies that obtained a Bitlicense allowing it to trade cryptocurrencies in New York. It recently delisted Zcash in the UK after its banking partner expressed discomfort with the privacy coins apparent lack of traceability. Coinbase is also registered as a Money Service Business with FinCEN. So, Coinbase really has very little to worry about if the regulators decide to start digging into its business as a result of it being part of the Libra Association. PayU For no other reason than it’s the last payment company left standing in the Libra Association, Dutch PayU could be among the next to go. It hasn’t yet indicated as such, but refused to provide any comment when approached about the news regarding the exit of the other members. This silence could simply be because nothing has changed from PayU’s point of view, but no news doesn’t necessarily mean good news. Can the Libra Association Survive? Of course, all this is pure speculation. However, the Libra Association has been hemorrhaging members in the last few days. It isn’t a huge leap to assume that, with their reputation and core business in mind, more will follow soon. If they do, the Libra As

9 months ago

Monero [XMR] Hits a 6-Month Low as Major Exchanges Gear to Delist Privacy Coins

Monero [XMR], on Oct 14, fell to a 6-month low at $52.85 continuing with a downtrend which began almost a month ago. This downtrend, initiated by the news of XMR’s delisting from major crypto exchanges after the Financial Action Task Force (FATF) announced the “travel rule” for crypto exchanges, has resulted in a 35% dip in XMR’s price in less than a month. XMR Hits $82.85 to Record a 6-Month Low on Oct 14 The news of the implementation of FATF’s travel rule seems to have hit XMR rather gravely as OKEx announced its plan of delisting XMR on September 10. XMR, which was at nearly $76 plunged and closed at $72.23. However, buying resumed the next day and XMR jumped back to $74.41 after hitting a low of $70.16. It continued to climb up the charts till Sept 19, hitting $81.76. However, it could not sustain above the $80 mark for long and came crashing down to $72.92 on September 20. The downtrend which began on Sept 20 has pushed XMR price to the present $50 zone. Monero 6 month chart | source: CoinStats FATF’s “Travel Rule” - Killer of Privacy Coins? The FATF is an intergovernmental organization, comprising of 39 member countries, whose aim is to develop policies to combat money laundering. The FATF’s travel rule dictates cryptocurrency exchanges, some digital wallet providers and other firms to share customer data such as names and account numbers with institutions involved in receiving fund transfers. In other words, the rule demands virtual currency companies to behave like banks that share customer information with each other for wire transfers. OKEx was among the first major exchanges which announced that that it will delist privacy coins - Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) from its platform. The design of these privacy coins makes it impossible for OKEx to verify the identities of the senders and receivers, resulting in non-compliance with FATF’s travel rule. OKEx was supposed to withdraw transaction support for these coins on the 10th of October, and stop withdrawal services on the 10th of December 2020. At the moment, all the coins except for SBTC are available on OKEx for spot trading. South Korean exchange Upbit is another exchange that announced its plans of delisting privacy coins including Monero (XMR), Dash (DASH), Zcash (ZEC), Haven (XHV), Bittube (TUBE), and PIVX (PIVX). In August, Coinbase also revealed that it is dropping support for Zcash. ZEC and DASH - Price Update ZEC has also been on a downtrend since the end of June. On 30th June, ZEC stood at $114. It began Q2 2019 by plunging to $96.69. The downtrend has continued and ZEC is now trading at $37, reducing to almost a third of its value at the beginning of Q2. DASH had witnessed similar price movement. From peaking at $187.54 on June 26, it began Q2 on a bearish note at $156.42. In the time between the beginning of Q3 2019 and Q2 2019, it plunged further, losing over 50% of value to trade around the $70 mark. The coin is presently trading around at $71 at the time of writing this article. Is this the end of Monero? Will FATF’s travel rule lead to all crypto exchanges delisting privacy coins? Let us know what you think in the comments below! The post Monero [XMR] Hits a 6-Month Low as Major Exchanges Gear to Delist Privacy Coins appeared first on Coingape.

9 months ago

Zcash to Join Ethereum DeFi Ecosystem via a Wrapped Token

Zcash developer Electronic Coin Company (ECC) says they intend to create a ZEC token that can function on ethereum's blockchain, thereby opening up zcash for use in DeFi applications.

9 months ago

Zcash’s Halo Breakthrough Is a Big Deal - Not Just For Cryptocurrencies

CoinDesk's Mike Casey explores a technological breakthrough by the company behind the zcash cryptocurrency.

9 months ago

Zcash to Get a Gateway Into Ethereum's DeFi Ecosystem

In a conversation with Coindesk, Josh Swihart, the VP of marketing and business development at the Electric Coin Company (ECC), revealed that the Zcash team will be working on a ZEC token that will be compatible with the Ethereum blockchain. This will be following the footsteps of Cross-Chain Working Group, which is working on a wrapped bitcoin token that can be used on the Ethereum blockchain. In the long-term blockchain interoperability could allow the use of Zcash privacy features in executing smart-contracts on Ethereum. According to Swihart, such developments will be in line with the goal of making Zcash a popular platform for building real-world applications including the DeFi ones. (EA)

9 months ago

Zcash Could Venture into DeFi Through Cross-Chain Interoperability with Ethereum

DeFi could be a new attractive use case for Zcash, which is in the middle of identity crisis

9 months ago

Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem

The theme of Devcon 5 was clear: For smaller assets like zcash, all roads lead to ethereum.

9 months ago

Blockchain Code Names: The Meaning Behind the Monikers

In the software world, code names are everywhere. You’ve probably noticed that Google names Android updates after desserts (at least, until the latest one), and you might remember when Apple named OSX releases after wild cats. If you’re a Linux fan, you probably know that Debian releases are named after Toy Story characters. Many blockchain code names follow similar patterns. Of course, not all naming schemes are well-known, which highlights the importance of a well-chosen one. In a best-case scenario, code names can build hype for upcoming products. In a worst case scenario, they can be incomprehensible or inconsistent—described by some critics as a “mental tax” for confused customers. Blockchains frequently undergo major upgrades that can attract attention for weeks or months, meaning that a project’s code name may be in the news cycle for just as long. Code names don’t always make it through to the public, but when they do, they need to be good. Location, Location, Location Some projects use places in their naming scheme. For example, Nomadic Labs, a Tezos group, named the blockchain’s first upgrade “Athens.” It has suggested that future upgrades follow this model alphabetically: “City names provide a wide set to choose from for each letter, with even a bit of room to express things,” the group explains. Elsewhere, Ethereum is in the middle of its Metropolis series, a group of upgrades named after a theme: in Ethereum’s naming sequence and in real-life history, “Byzantium” became “Constantinople,” which in turn became “Istanbul.” Ethereum is, however, breaking with tradition for Ethereum 2.0, which is currently codenamed “Serenity.” Ethereum’s testnets, on the other hand, have code names based on lesser-known locations. Its Ropsten testnet seems to be named after a cape on the coast of Stockholm, Sweden. Plus, Ethereum also has “Morden,” “Olympia,” and “Kovan” testnets, seemingly named after locations in Manitoba, Greece, and Singapore respectively. Ethereum Classic is fond of fantasy locations: “Atlantis” was the namesake for its most recent upgrade, while Middle Earth’s Mordor is the name of its latest testnet. (Ethereum Classic hasn’t been afraid to branch out, though: when it disabled its difficulty bomb, it named the upgrade “Die Hard” in reference to the film franchise’s bomb plots.) Getting Names Down to a Science Some projects have taken inspiration from science, mathematics, and the arts. Cardano, for example, has named its roadmap after historical poets and scientists. Right now, the project is coming off of its “Byron” phase and entering its “Shelley” phase—named after Lord Byron and Percy Bysshe Shelley, two Romantic poets of the 1800s. Cardano’s future phases will be named after the computer scientist Joseph Goguen, the haiku master Matsuo Bashō, and the Enlightenment figure Voltaire. Plus, Cardano’s cryptocurrency (ADA) is named after an English mathematician and computer pioneer, Ada Lovelace (incidentally, the daughter of Lord Byron), and there are even development teams named after mathematicians. Meanwhile, Monero’s choices have a technobabble feel: its code names come from science-related terms and individuals. One recent Monero version was called “Hydrogen Helix,” while another was called “Wolfram Warptangent” (after the Monero contributor warptangent, who passed away in 2016, and the physicist Stephen Wolfram). Zcash, finally, draws inspiration from the natural world. Its naming scheme is based on plant growth: it has progressed from “Sprout” to “Sapling,” and it is now moving into the “Blossom” stage. This is a vivid naming scheme that doesn’t require any trivia knowledge—though it may reach a dead end when Zcash is fully-grown. Can Code Names Ever Be Iconic? Sapling, Shelley, and Serenity appear to be very successful blockchain code names—not as well known as their core project, but recognizable nonetheless. These three names are gaining traction as search terms—at least enough to show up on Google Trends. Since most other blockchain code names don’t even register, that’s a real distinction. Blockchain code name popularity, via Google Trends Of course, these names also represent big developments. Ethereum Serenity and Cardano Shelley will both introduce staking, while Zcash Sapling has already introduced highly efficient private transactions. Even though these well-known code names seem to have real appeal, the products behind them may be driving their recognition. In any case, code names can be an important part of branding. Whereas some blockchains have chosen to undergo all-out rebrands, code names can serve as a testing ground. Projects rarely stick to one naming scheme forever, meaning that they are a way to temporarily reinvent one’s image—and see how the crypto community responds. The post Blockchain Code Names: The Meaning Behind the Monikers appeared first on Crypto Briefing.

9 months ago

Crypto Correlations Change As Ethereum Becomes Benchmark, and Bitcoin Analysis Today

The cryptocurrency markets are seeing a small retracement today. Bitcoin continues its low-volatility trading around the $8,400-8,500 level, while altcoins are still pulling back from their previous gains. Notable exceptions are 0x (ZRX), Algorand (ALGO) and Chainlink (LINK), which gained 3%, 10% and 5% over yesterday respectively. Cryptocurrency price dynamics on October 11, by Coin360 Correlations, correlations everywhere in crypto A report by Binance Research analyzed the relative performance of cryptos in Q3. As markets slid downwards from their yearly high in the summer, large market-cap coins did so in unison. “Over the third quarter of 2019, the average correlation between Bitcoin and most other large cryptoassets ​remained in line with the previous quarter,” the report notes. “​However, the average correlation among large cryptoassets increased in Q3 2019 with a significant positive increase in the correlations of BNB, ChainLink, and Bitcoin SV with other cryptoassets.” An important change from Q2 is a gradual ‘flippening’ of Ethereum and Bitcoin. As the #1 cryptocurrency began increasing its dominance, Ethereum became the benchmark asset for the rest of the market, with most cryptocurrencies showing higher correlation with it than Bitcoin. But correlation with Ethereum Classic was surprisingly among the lowest, amounting ‘only’ to 0.69. The report also highlighted the significant correlation between XRP and Stellar, previously noted by Crypto Briefing. Lastly, cryptocurrencies appear to be specializing in distinct branches. Proof-of-Work assets such as Bitcoin, Litecoin and Bitcoin Cash exhibited higher correlation between each other than median. The same can be said for privacy coins such as Monero, Zcash and Dash, as well as programmable blockchains including EOS, NEO and Ethereum. But while some of these trends have a logical underpinning, the report cautions that the future is unknowable. “Yet, past empirical results are not representative of the future of this industry. Hence, it remains to be seen whether some of these findings will repeat in the fourth quarter of 2019,” analysts conclude. Daily Bitcoin Commentary With Nathan Batchelor Bitcoin is under downside pressure as we head into the U.S trading session, after the BTC/USD pair reversed sharply from just above $8,800 level earlier this morning. Around $10,000,000,000 was wiped off the total market cap of the entire cryptocurrency market in just under one-hour. Interestingly, the total market cap of the cryptocurrency market hit its highest level in two-weeks before reversing. No apparent fundamental catalyst has been attributed to the news. The only real bearish news is that one of the largest payment systems in China, Alipay, has recently promised to ban all payments related to Bitcoin. From a technical perspective, traders will likely continue to fade rallies until the market cap of the entire cryptocurrency starts to trade comfortably above its 200-day moving average. Traders are currently selling advances towards the $230,000,000,000 level, as it represents the 61.8 Fibonacci retracement of the September monthly trading low to the September 24th swing-high. As far as Bitcoin is concerned, the cryptocurrency is back under short-term selling pressure while trading below the $8,500 level, with its 200-day moving average currently located around the $8,660 level. According to short-term technical analysis, the BTC/USD pair can expect to find support from the $8,215 and $8,100 levels if the reversal continues. If there is a sustained loss of the $8,100 level, we should expect short-term bulls to capitulate, leaving the door-open for further decline towards the $7,715 level. * ‘The weekly time frame is showing that a bullish falling wedge is forming. A move away from the $9,780 to $7,500 price range will trigger the pattern’. * SENTIMENT Intraday bullish sentiment for Bitcoin has fallen, to 51.50%, according to the latest data from TheTIE.io. Long-term sentiment for the cryptocurrency is unchanged, at 61.50%. UPSIDE POTENTIAL Buyers need to move price back above the $8,500 level to stabilize the BTC/USD pair today. A multi-day price close above its 200-day moving average is currently needing to encourage a technical test of the $9,000 level. The daily RSI indicator is starting to roll over and now trades below 40, while the Choppiness indicator on the mentioned time frame is showing that the market is still lacking a strong trend. DOWNSIDE POTENTIAL The loss of the $8,500 level has encouraged traders to test towards the $8,300 level. A loss of the $8,300 level later today may lead to a key test of the BTC/USD pair’s weekly pivot point, at $8,100. Extended intraday technical support for the BTC/USD pair is currently located at the $7,715 and $7,500 levels. The post Crypto Correlations Change As Ethereum Becomes Benchmark, and Bitcoin Analysis Today appeared first on Crypto Briefing.

9 months ago

Dash, Zcash delisting decision under review: OKEx Korea

There is no silver lining in a situation where a major exchange in the industry has decided to delist certain assets. Over the past month, South Korea’s OKEx, one of the leading crypto-exchanges in the world, reached a decision to stop supporting certain privacy-centric coins, including major assets such as Dash [DASH], Monero [XMR] and The post Dash, Zcash delisting decision under review: OKEx Korea appeared first on AMBCrypto.

9 months ago

Cryptocurrency Exchange OKEx Korea Delists XMR, DASH, ZEC, ZEN, SBTC

Cryptocurrency exchange OKEx Korea announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading as of today, Oct. 10. Per the Oct. 2 announcement, the assets have been delisted today. A previous version of the announcement was published on Sept. 10. That being said, since then the support for privacy coins ZEC and DASH has been defined as temporarily suspended due to regulatory concerns. Regulatory concerns over privacy coins More precisely, OKEx Korea reports having received a request to end the transaction support and review the compliance with the ‘Travel Rules’ according to the Financial Action Task Force recommendations. The exchange promised that the final decision concerning the support of DASH and Zcash will be announced at a later date in a separate announcement. Delisting of privacy coins over regulatory concerns is nothing new. In September, South Korean cryptocurrency exchange Upbit announced that it would stop trading for six cryptocurrencies, including some so-called privacy coins. Other recent delistings Also in September, major cryptocurrency exchange Binance announced that it is removing about 30 trading pairs from its platform. Interestingly, six of those trading pairs involved tokens launched on Binance Launchpad — its initial exchange offering platform. As Cointelegraph reported yesterday, crypto exchange Poloniex has announced that it is delisting six digital currencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC).

9 months ago

Top-20 Coins Experience Downward Trend, BTC Sticks Near $8,600

Thursday, Oct. 10 — Following an impressive rally yesterday, major crypto markets have slowed to trade in the red over the past day. Bitcoin (BTC) has stuck to $8,600, while other major coins are experiencing a downward trend. Cryptocurrency market daily overview. Source: Coin360 After jumping from an intraday low of around $8,200 up to nearly $8,600 yesterday, Bitcoin has been hovering around that price mark over the past 24 hours, posting a daily high of $8,677 and low of $8,466. At press time, the leading coin is trading at around $8,576, down 0.34% on the day. Meanwhile, the trading volume of BTC futures on the Intercontinental Exchange’s Bakkt platform reportedly soared to 224 contracts on Oct. 9 — 796% higher than the previous day, representing an all-time high for the platform. Bitcoin 24-hour price chart. Source: Coin360 Top altcoin Ether (ETH) has lost about 0.18% during the past 24 hours and is trading at around $191.84 at press time. In terms of its weekly performance, the altcoin has remained relatively quiet, with moderate gains and losses. As he said at a conference earlier in the day, the chairman of the United States Commodity Futures Trading Commission believes Ether to be a commodity — and that ETH futures trading is becoming a reality. Ether seven-day price chart. Source: Coin360 XRP has experienced more notable losses over the past day, dropping by more than 3% to trade at around $0.273. The altcoin’s weekly chart is showing its price increasing by a respectable 9.35%, while its monthly gains are 5%. On Oct. 9, Cointelegraph reported that Ripple Labs, the administrator of blockchain payments network Ripple, came under criticism for allegedly misleading representations that it “discovered” — rather than created — the XRP token. XRP’s seven-day price chart. Source: Coin360 On the top-20 cryptocurrencies list, only Algorand (ALGO) and Tether (USDT) are trading in the green zone, up by 6.88% and 0.2% respectively. The biggest losers on the day among the top-20 coins are Chainlink (LINK) and Ethereum Classic (ETC) with losses of 4.22% and 3.78% respectively. Earlier today, cryptocurrency exchange OKEx announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading on its platform. OKEx reports having received a request to end the transaction support and review the compliance with the ‘Travel Rules’ according to the Financial Action Task Force recommendations. Keep track of top crypto markets in real time here

9 months ago

What Are Privacy Coins?

Blockchain-based cryptocurrencies allow users to conduct financial transactions in a decentralized manner. Beginning with Bitcoin (BTC), the first peer-to-peer (P2P) cryptocurrency, there are now more than 2,000 digital assets that may be exchanged between two different parties - without requiring an intermediary to settle the transactions. The blockchain, which is a type of distributed ledger technology (DLT), is used to share transaction data among a crypto network’s participants. Unlike the money transfers recorded on a bank’s ledger, which may only be viewable to the institution’s employees, the transaction details of most crypto transactions conducted on public blockchains are accessible to everyone. Transactions Made with Most Cryptos Are Pseudonymous Block explorers, such as those provided by Blockchain.com, let users check transaction logs for bitcoin, bitcoin cash (BCH), ether (ETH), and other cryptoassets. However, block explorers only display limited information which includes the amount of cryptocurrency transferred between two (or more) parties and the public address of both the recipient and the sender. Timestamps, which record the exact time and date when a crypto transaction was made, are also viewable on block explorers like Etherscan. Transactions involving bitcoin, litecoin (LTC), and other decentralized digital assets are pseudonymous - meaning that they allow users to maintain a certain level of financial privacy. Using Personal Crypto Wallets Is Somewhat Similar to Operating An Email Account For example, bitcoin transactions made between two different personal user wallets do not require that users submit identify verification documents. In most cases, opening a crypto account (by creating a wallet) can be as straightforward and simple as opening and operating an email account. Users may send and receive crypto through their wallets without sharing personally identifiable information or needing third-parties to finalize transactions. In order to make cryptocurrency transfers more private, digital assets such as Monero (XMR) and Zcash (ZEC) may be used to reliably conduct P2P transactions. Monero-based Transactions Shield Addresses of Senders and Receivers Monero is a leading privacy coin that uses advanced cryptography techniques to shield the addresses of both the sender and the recipient in an XMR-based transaction. When making transactions on the Monero network, the amount of cryptocurrency transferred is also shielded (not publicly viewable). As explained by its developers, all XMR transactions, by default, obfuscate (or hide) both sending and receiving addresses and the amount exchanged between different Monero accounts. Referred to as “always-on” privacy, Monero’s development team notes that every XMR user’s activity “enhances the privacy of all other users.” Monero Is Fungible, XMR Transactions Will “Always Be Accepted” By design, Monero is fungible, which means that all XMR coins are interchangeable and they are also indistinguishable from each other. Fungibility is an important property as some cryptocurrencies including bitcoin may become “tainted” if certain BTC coins are used in illicit transactions such as money laundering. Merchants might refuse to accept these coins, however this might not affect XMR transfers since they are untraceable. As noted by its developers, by “virtue of obfuscation,” XMR-based transfers cannot become tainted due to “participation in previous transactions.” This means that transactions made through the Monero network are uncensorable as they will “always be accepted,” the privacy coin’s developers claim. Launched in April 2014 as a fully open-source cryptocurrency, the obfuscated Monero blockchain uses the proof-of-work (PoW)-based consensus algorithm to secure its platform and validate transactions. Zcash Transactions May Be Private or “Transparent” Other major privacy-focused coins such as Zcash also let users perform shielded transactions which are controlled through a “z-addr.” The Zcash network also provides the option to conduct “transparent” transactions with its native ZEC cryptocurrency. Transparent ZEC transactions are similar to how bitcoins are transferred between two different crypto addresses. In these types of transactions, the amount of cryptocurrency sent and the addresses of the sender and recipient are shared publicly. Disclosing Transaction Details for Auditing Purposes or Publishing Financial Statements Launched in October 2016, the Zcash platform allows users to “selectively disclose” transaction details in order to prove that certain payments were made - which may be required for auditing purposes or preparing financial statements. Disclosing information related to ZEC transactions may also be required when filing taxes or complying with regulatory guidelines. In order to conduct private Zcash transactions, the cryptocurrency’s developers use a type of zero-knowledge proof (ZKP), known as zk-SNARKs. ZKPs only

9 months ago

Monero Delisted from OKEx, Privacy Coins Zcash, Dash Under Review

The South Korean division of Malta-based digital asset exchange OKEX has suspended the delisting of two privacy-oriented cryptocurrencies due to new regulatory guidelines released by the Financial Action Task Force (FATF). The planned suspension of Zcash (ZEC) and Dash (DASH) is currently being reviewed, according to a blog post on OKEx’s official website. OKEX first revealed its plans to delist five privacy-focused digital currencies - also including Monero (XMR), Horizen (ZEN) and Super bitcoin (SBTC) - in September 2019. The exchange operator noted that FATF’s controversial “travel rule” for virtual asset service providers (VASPs) has outlined how financial regulators must monitor the crypto industry. According to FATF’s travel rule, digital asset exchanges must collect and share relevant information related to transaction monitoring, including the real name and address of the sender and recipient of cryptocurrencies. Monero, Horizen and Super Bitcoin will be delisted from OKEx’s platform by October 10, OKEx confirmed. A final decision regarding whether Zcash and Dash should also be delisted will be announced after the exchange completes its compliance review process. In statements shared with CoinDesk, Josh Swihart, VP of marketing and business development at the Electric Coin Company, the firm behind the development of Zcash, stated that his company has been working cooperatively with OKEx’s management since September, when the delisting announcement was first made. Swihart noted: “Zcash is entirely compatible with all FATF recommendations including the travel rule. We’ve been working with OKEx and others in S. Korea and happy to hear that OKEx has decided to take additional time to further evaluate Zcash support based on newly available compliance information.” Following FATF’s announcement, digital asset exchanges have been facing increased pressure to halt support for privacy-oriented cryptos. San Francisco-based exchange Coinbase halted Zcash trading on its UK-based platform in August. A source familiar with the matter said that the move was part of a decision to establish a new banking relationship with ClearBank after Barclays decided to stop providing its services to the exchange. South Korea-based crypto exchange Upbit has also delisted Zcash. The Electric Coin Company has been lobbying regulatory authorities and lawmakers over its cryptocurrency, Swihart said. According to a notice on regulation and compliance published in September 2019: “Zcash was designed to protect consumers’ financial privacy while retaining compatibility with global AML / CFT standards, including the FATF Recommendations that were adopted in June 2019. Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations.”

9 months ago

OKEx South Korea Suspends Sudden Delisting of Zcash and Dash Coins

The South Korean business of cryptocurrency exchange OKEx is having second thoughts about delisting a handful of privacy coins. As a result, OKEx has suspended the delisting of Zcash and Dash coins. In addition to ZEC and DASH, OKEx had announced its intentions to delist Monero, Horizen, and Super Bitcoin in an attempt to remain compliant with the Financial Action Task Force (FATF) and what's known as the "travel rule." OKEx does not appear to have any intentions to reverse course on XMR, ZEN, and SBTC. An Electric Coin Company representative defended Zcash, telling CoinDesk: "Zcash is entirely compatible with all FATF recommendations including the travel rule. We’ve been working with OKEx and others in S. Korea and happy to hear that OKEx has decided to take additional time to further evaluate Zcash support based on newly available compliance information." (CJ)

9 months ago

Grayscale Tempts High Rollers with Zero-Premium GBTC

Grayscale Capital, the producer of exchange-traded shares based on leading digital coins, is rethinking its strategy on inviting institutional investors. Now, GBTC shares are on a special offer, with their Bitcoin (BTC) component at Native Asset Value (NAV). GBTC Premium Disappeared Shares of the Grayscale Bitcoin Trust (GBTC) are usually sold based on current demand. This also means some investors have been willing to pay a premium compared to spot BTC prices. But now, Grayscale aims to boost demand by offering cheaper exposure to BTC. $GBTC reopened today its private placement window, allowing accredited investors to buy shares at face value (rather than paying a premium on secondary markets). GBTC holds approx 238K bitcoin. Last time window opened (July), it saw 14K in inflows, about 8 days of miner issuance. pic.twitter.com/VKV3pOFY9X — Alex Krüger (@krugermacro) October 10, 2019 The move comes just as the GBTC premium over the NAV shrank to almost zero. In the past, the premium has risen to as much as 47%, and was about 22% during peak BTC prices. A high premium is seen as signalling robust institutional interest. Inversely, a lowered premium is seen as a loss of demand and a negative attitude to BTC. Grayscale still sees its shares at a rather depressed price, with total assets under management still at $2.1 billion. 10/09/19 UPDATE: Holdings per share, net assets under management and digital assets per share for our investment products. Total AUM: $2.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/Ni01KFqkU7 — Grayscale (@GrayscaleInvest) October 9, 2019 Grayscale Decides Against Adding New Assets The price of GBTC recovered to $10.38, up more than 7% in the past day. The BTC included in each share, an amount of 0.001 BTC, is accounted at $8.19 based on the latest estimate. This is still slightly lower in comparison to the current BTC price of $8,538.58. The appeal of GBTC shares stems from their accessibility on OTC markets, and the fact that they can be held in regular brokerage accounts. The shares offer exposure to BTC, without the requirements for self-storage. GBTC are also eligible as standard investments. Other assets still see a lack of premium. The Ethereum-based trust has a discount, exposing to ETH at around $181, while the real asset has grown above $188. Other assets such as ZCash (ZEC) also sell at a discount through Grayscale. The GBTC offer and the shrinking premium are not the only indicators for the BTC sentiment. Currently, the fear and greed index is improving, rising from 27 points to 41 points within a day. BTC is still attractive in crypto-to-crypto trades, and follows a different logic on international markets. Grayscale itself has decided to keep its current selection of assets, not deciding on new coins to add. 3/ Although no new assets qualified for inclusion following DLC Fund's Quarterly Review (9/30/19), the below table highlights how DLC Fund’s weightings have changed from June 30, 2019 to September 30, 2019: $BTC $ETH $XRP $BCH $LTC pic.twitter.com/cx5acntwQd — Grayscale (@GrayscaleInvest) October 7, 2019 The profile of the GBTC funds has also shifted, with BTC now having a weight of above 90%, mirroring the preference for BTC over alcoins on the wider market. What do you think about GBTC premiums shrinking? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @GrayscaleInvest @krugermacro The post Grayscale Tempts High Rollers with Zero-Premium GBTC appeared first on Bitcoinist.com.

9 months ago

OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash

OKEX Korea is reconsidering a decision to delist the privacy coins zcash and dash it announced in September.

9 months ago

Zcash (ZEC) Displayed Price Drops By 50% In Coinbase Due To Glitch

Several users reported the price of Zcash (ZEC) dropped by over 50% in Coinbase from $38.2 to $18.94 in what it seemed to be a bug. Many individuals The post Zcash (ZEC) Displayed Price Drops By 50% In Coinbase Due To Glitch appeared first on UseTheBitcoin.

9 months ago

Good news from @OKEx Korea! They are doing further research ...

Good news from @OKEx Korea! They are doing further research on Dash and Zcash, and have delayed the previously anno… https://t.co/5kAstNQf65

9 months ago

Facebook’s Libra Is Already Being Forked

Facebook appears to be struggling to get Libra up and running. The project has been so controversial at a legal, technological, and even geopolitical level that its promoters seem more concerned every day. However, amid all this criticism, a fork may have more possibilities of launching, just by disassociating itself from Facebook: Say hello to Open Libra. Although it is difficult to imagine a Facebook-less Libra, to the naked eye, it seems that this is the project’s main appeal. In fact, many consider that regulators would not feel so uncomfortable about Libra if Facebook were not behind the project. Debating this idea, Ben Mezrich said on CNBC’s “Squawk Box.” “This is all about trust. You can’t have a bank, you can’t be a new currency without people trusting it if you’re going to sit in the middle of it, and people don’t trust Facebook ... I think that Amazon could pull this off because, for whatever reason, we all trust Amazon... We put our credit cards in there every day”. Mezrich’s words make a lot of sense. And it seems like people are more aware of this too. PayPal recently withdrew from the project, and there are reports that it could lose more members as time goes by. In a worst-case scenario, should this spiral keeps going downwards, the only corporations left within the Libra Association may be the 15 companies that already have ties with Facebook, as BeInCrypto has previously reported on. Libra Is Not Even Born, and It’s Already Having Children During the Ethereum Devcon, Wireline Co-founder Lucas Geiger took the stage to talk about Open Libra, a project created to “lock the door open” for this cryptocurrency. And the key to open that door is simply to get Facebook out of the equation and open-source the whole technology. great presentation by @geiger_lucas on the open libra initiative — a. k. a. hacking facebook. pic.twitter.com/TFrqry9o5a — santi (@santisiri) October 9, 2019 There’s no whitepaper for Open Libra, so it is unclear how they will achieve some of the critical goals for the Libra project, however, the developers created a codebase that users can review. Open Libra, the Stablecoin? Libra is conceived to be a kind of stablecoin backed by a basket of fiat currencies. What currencies will back Open Libra? Nobody knows. And we don’t even know whether regulators will be comfortable with this approach or not. The project also indirectly criticizes the dystopian vision of a set of corporations controlling financial movements and substitutes this corporate group for a set of “best-in-class companies and non-profit foundations working in applied cryptography and blockchains.” At first glance, it looks like the same idea, although the project needs to be studied more carefully. All these questions have led many skeptics to comment that a “Facebook coin” without Facebook makes little to no sense. Ethereum’s devcon is by far the best place to launch such a brain-dead idea The only thing Libra has going for it is Facebook. Without Facebook it is nothing. This is basically zcash vs zclassic, just worse (oh, you didn’t hear of zclassic? Not a coincidence)#BlockchainAddicts https://t.co/Kq8llv0NJt — Udi Wertheimer IS RIGHT (@udiWertheimer) October 9, 2019 There is still a long way to go before any of these two projects actually launches —and this is assuming they do. BeInCrypto has already reported that Libra may not even launch. Libra has to earn the trust of international regulators, and Open Libra has to earn the trust of virtually everyone in the space. Open-sourcing Libra is not going to exempt it from complying with the same regulations as the original Libra, and until there is a whitepaper —and more information— available, this project will lack credibility, and may have the same fate as the proposition for a Ripple-less XRP that surfaced a few weeks ago on social media. What do you think about a “Facebook-less Libra?” Is this something that’s doable? Let us know your thoughts in the comments below. Images are courtesy of Twitter, Shutterstock. The post Facebook’s Libra Is Already Being Forked appeared first on BeInCrypto.

9 months ago

Monero (XMR), IOTA and Zcash (ZEC) Price Analysis and Prediction for October 9th

Monero Price Analysis (XMR/USD) On today’s hourly chart, the Monero coin is showing a beatable outlook, with negative moves. XMR/USD pair failed to recover from the bearish momentum as it is currently holding strong support below $54.938 and resistance level at $56.199. The market started the sell-offs trading at $55.875, followed by a short-term consolidation phase above $55.860 level. At around 13:00, a bullish accumulative candle was seen that dropped the price to a low of $55.096. A slow price movement below $55.559 followed that confirmed indecisive market momentum. Besides, this placed the current price at $55.534 that showed an intraday loss of 0.6%. The technical indicators also reflected the downward correction, with the long-term SMA gravitating above the short-term SMA. Additionally, the parabolic SAR is now above the price that indicates a sell signal. However, the RSI indicator is heading north, suggesting a strong increase in buying interest. Monero Price Prediction (XMR/USD) A downside break below $54.875 may trigger a downside correction near $53.000. Conversely, an upstrike above $56.199 could correlate gains near $57.000. Zcash Price Analysis (ZEC/USD) ZEC/USD pair is also on the downside correction below $37.495, having escalated from where it began the sell-offs at $37.087 to currently changing hands at $36.617. Afterward, the market has given positive moves the showed sellers are in control with resistance levels being lowered from $37.495 to $36.617. The volatility levels was very low that might result in a significant breakout either on the upside in the short-term. The presence of Doji candles was also seen. That confirmed equality and indecisive market momentum. Additionally, the long-term SMA has formed an active bearish trend line above the short-term SMA that gives a negative outlook over the last 24hrs. However, the RSI and the Parabolic SAR indicators are currently indicating a bullish outlook. With the RSI heading north and the parabolic dots seen below the price that suggests a buy signal. Zcash Price Prediction (ZEC/USD) Investors should take a long position if the pair’s price breaks above $36.671, with new targets set near $38.500 and $39.000. Dash Price Analysis (DASH/USD) DASH/USD pair has also showcased a bearish scenario, with price failing to break above the significant resistance level found near $73.509. That was followed by a massive fall that dips the price to a low of $70.139. The dip resulted to a steady flow below the healthy support level near $70.357. DASH/USD pair is at the press time lacking dominance as reflected by the consolidation phase formed over the last 14hrs that signify strong incoming breakout in the near term. Looking at the moving averages, the long-term SMA has crossed over the short-term SMA that indicates a bearish trend. The RSI indicator has dropped from trading near the overbought territory to now trading below average that signify a negative outlook. Dash Price Prediction (DASH/USD) The parabolic SAR is suggesting investors to take a long position as it is seen below the price. Therefore a break below $70.357 may correlate losses near $60.500. On the upward direction, if the bulls pull up their game, a break above $70.000 may give rise to an upside rally near $75.000. Cryptocurrency Charts By Tradingview 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 or digital currency. The post Monero (XMR), IOTA and Zcash (ZEC) Price Analysis and Prediction for October 9th appeared first on NullTX.

9 months ago

Poloniex Delists Clams, Pascal, Steem, Navcoin, GameCredits and LBRY

Crypto exchange Poloniex has announced that it is delisting six digital currencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC). According to a Reddit post published in the CLAMClient subreddit on Oct. 9, Poloniex announced the upcoming delisting in an email sent to users who hold them on the exchange. Per the announcement, trading of PASC, STEEM, NAV, GAME, LBC and CLAM will be disabled on Oct. 15. LBC withdrawals will be permanently disabled on Oct. 28. Lastly, PASC, STEEM, NAV, GAME and CLAM withdrawals will be permanently disabled on Nov. 15. The exchange urges its users who hold those assets to take action: “Please be sure to withdraw your assets before the withdrawal deadlines shown above. To withdraw your assets, visit the Balances page of your account and provide a withdrawal address for the currency you wish to withdraw. In order to withdraw your funds, you must have a balance that is greater than the minimum network fee of that asset.” As Cointelegraph reported in September, major cryptocurrency exchange Binance also announced that it is removing about 30 trading pairs from its platform. Interestingly, six of those trading pairs involved tokens launched on Binance Launchpad — its Initial Exchange Offering platform. Also in September, crypto exchange Upbit delisted and ceased trading support for privacy coins Monero (XMR), DASH, ZCash (ZEC), Haven Protocol (XHV), BitTube (TUBE) and PIVX due to money laundering concerns.

9 months ago

Why Altcoins Are Rising: Maker, Holochain, BNB And Chainlink News

Altcoins are back in style. As the price for one bitcoin has increased to trade around the $8,450 level, several top altcoins are posting double-digit gains against a generally-green backdrop, while Ethereum is on a roll - gaining almost 6% over the last 24 hours. BNB, Maker, Holo and Chainlink are benefiting the most, posting gains of 8%, 9%, 11% and 14% respectively. But privacy and not-so-much privacy coins are seeing moderate losses, with Monero, Dash and Zcash performing at -0.6%, -1.8% and -1.1%. While today’s woes may derive from coincidental market fluctuations, pressure from the FATF Travel Rule may cause investors to hold off from privacy coins for now. What’s behind these impressive gains? BNB ... the sudden surge appears to be caused by a rumor that was later confirmed by CZ: Binance will start offering a fiat-to-crypto on-ramp in China through an integration with Alipay and WeChat. The news was falsely reported by numerous media outlets this morning as being a direct partnership. Together these are the largest digital wallet providers in China, with adoption comparable to that of credit cards in the U.S. The news will have a profound effect on markets, in light of the ban of all native Chinese cryptocurrency exchanges in 2017, which left mainland traders scrambling to find ways of buying crypto. Maker ...rise can be attributed to the announcement of a release date for Multi Collateral DAI. Due to Maker’s governance structure, the community will still need to vote for the proposal on November 15, with the CEO of Maker Foundation Rune Christensen urging all participants to do so. The first tokens to be evaluated for additional collateral will be ETH and BAT, with a full risk assessment provided to the Maker community for consideration. Chainlink ...shows no signs of slowing down. After a variety of announcements that fueled its growth recently, the project delivered the final stroke: the Trusted Computation Framework, a collaboration with Intel, Hyperledger and Ethereum Enterprise Alliance. The framework is designed to solve scalability issues affecting blockchains by moving computational and private data processing off-chain. Chainlink’s oracles will be providing the bridge between the two worlds, allowing the offloading of very resource-intensive operations without compromising on security. While the news was released two days ago, the daily sentiment for LINK remains ‘very high’ at 83%, according to data from thetie.io Holochain ... the rise may be due to a preview of HoloPort, although it is largely an interface update. Sentiment is also neutral. VanEck publishes investment case for Bitcoin VanEck, one of the two companies that submitted an ETF proposal due for deliberation this month, before subsequently withdrawing it from consideration, has published a comprehensive investment case for Bitcoin. The report is prefaced with a definition of Bitcoin’s value. The company distinguishes between two different types of value for traded assets, categorizing stocks, real estate and commodities as ‘Intrinsic Value’ assets. On the other hand gold, art, precious stones and bitcoin are categorized as having ‘Monetary Value,’ which arises from “Behavioral economics, heard behavior, etc.” Based on these descriptions and other aspects of monetary theory, the report goes on to make a case that Bitcoin is a store of value and can be considered as digital gold. Curiously, the report highlights some of the same concerns that the SEC has about Bitcoin ETFs; namely the lack of custodians, prime brokers, settlement entities and others, which are preventing significant institutional exposure. Nevertheless, VanEck argues that increasing adoption figures, the upcoming halving, and increasing development momentum all make for a convincing reason to allocate a part of investor portfolios to Bitcoin. Nathan Batchelor On Bitcoin Bitcoin has consolidated in a narrow range over the last twenty-four hours, with bulls maintaining the BTC/USD pair above the $8,000 support level. It is worth reiterating that the SEC is deciding on the Bitwise Bitcoin ETF this week, so trading volumes could remain light up until the decision. TradingView.com In the near-term, the Choppiness Indicator and the Balance of Power Indicator show that short-term BTC/USD buyers are still in control of the cryptocurrency. The four-hour time frame shows that Choppiness Index is still pointing to further upside. Interestingly, the Choppiness Index has also reached its most overbought reading since October 2018 on the daily time frame. A higher reading indicates that the medium-term bearish trend is very weak, and suggests that the next directional move in the BTC/USD pair could be explosive. In my opinion, I believe that the current bearish trend is weakening, and the chances of a rebound back towards the $9,000 level are very strong if the $8,500 level is broken. The Balance of Power Indicator is also showing that BTC/USD buyers are gaining ba

9 months ago

Tezos (XTZ) Market Cap Up 119 Percent But Platform Usage Low

Tim Draper-backed Tezos is among one of the best performing cryptos in terms of market cap for 2019. However, this growth is yet to trigger a similar increase in the usage of the smart contract platform. Tezos Market Cap up by 119% in 2019 According to data from CoinMetrics, Tezos market capitalization has grown by about 119% since the start of 2019. XTZ’s market cap growth seems almost in tandem with bitcoin’s (BTC), following a similar path across the months of the year. The CoinMetrics report also revealed a positive growth in Tezos’ realized market cap — the measure of a crypto’s average cost basis. The realized market cap for XTZ is up by 10% in 2019. The increase in realized market cap for XTZ marks a departure from the norm for altcoins like Ethereum (ETH) and ZCash (ZEC) which have all declined since the start of the year. This market cap growth also marks a significant reversal from XTZ’s performance in 2018. While the crypto market did suffer a year-long bear market in 2018, Tezos experienced additional operational and financial troubles. Once one of the biggest ICOs in history, XTZ lost more than $170 million from its market cap in one day. This massive drop occurred barely hours after announcing the launch of its mainnet. The project also suffered other hiccups in 2018. First came disagreements among the project’s top hierarchy followed by a legal tussle that threatened to scupper development on the platform. Tezos users also suffered a lost password scare in the run-up to the release of the project’s mainnet. Growth Not Reflected in Usage Stats Despite the growth in market cap, CoinMetrics reports that user stats for Tezos still remain significantly low. XTZ’s active addresses count of 4,803 pales in comparison to ETH which stands at over 286,000. An excerpt from the report showing low usage on the Tezos platform reads: XTZ has a small number of contracts overall. As of October 6th, XTZ only has 108 contracts that contain code. This compares to over 11,000,000 contracts with code on Ethereum. Additionally, the report revealed that the transaction count on the Tezos platform is a lot higher than the transfer count. This disparity means that most of the operations on Tezos are non-monetary in nature. Rather than value transfer, it appears the Tezos platform is mostly seeing transactions like ledger amendments and account creation. Will the Tezos platform eventually see significant usage? Let us know in the comments below. Images via Pixabay, Coinmetrics.io The post Tezos (XTZ) Market Cap Up 119 Percent But Platform Usage Low appeared first on Bitcoinist.com.

9 months ago

Crypto Exchange Binance Launches Eighth Phase of Its Lending Product

Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7. In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov. 10, while interest will be paid immediately after the term matures. An annualized percentage yield of 10% The digital assets included in the program are Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), EOS, Ethereum Classic (ETC), Ether (ETH), Chainlink (LINK), Tether (USDT) and XRP. The annualized percentage yield on loans starts at 3% for Bitcoin and reaches 10% for BNB, USDT and BUSD. The exchange’s CEO Changpeng Zhao praised the high yield of those loans in a tweet sent on Oct. 7: “How much interest is your $USD making for ya in the bank? Convert them to $BUSD and let them start to make 10% APY for you.” Original launch Binance’s crypto lending product launched at the end of August, as Cointelegraph reported at the time. At first, the service only supported Binance Coin, Ethereum Classic and Tether. That being said, in September the products also included privacy-focused coins Monero (XMR), Zcash (ZEC) and Dash (DASH). As Cointelegraph reported in August, the holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.

9 months ago

SEC To Rule On Bitwise ETF For Bitcoin: And 0x Releases Zk-STARKs

The cryptocurrency market continues to creep sideways like Wile E. Coyote on the trail of a wabbit, across a varied landscape of gains, losses, and the occasional ACME anvil in the form of another possible ETF rejection. Meanwhile, Bitcoin is trading back above the $8,000 level, with top altcoins such as ETH, EOS and BNB closely following. Cosmos, Chainlink and 0x posted the largest gains at 7-9%, while Monero and IOTA have the largest loss at -2.5% Cryptocurrency market dynamics since October 7, by Coin360 Bitwise Head of Research remains optimistic about ETF prospects The final ETF still awaiting a decision is looming this Sunday, October 13. Two proposals were due for a verdict this month, but VanEck dropped out of the race a couple weeks earlier. In an interview with CNBC, Bitwise Managing Director and Head of Research Matt Hougan shared his excitement. “Sometime before Monday, the SEC has to give its decision: yes or no. They have no more ways to postpone it at this point,” he explained. “We will hear clearly between now and Monday what they think, and then, depending on what we hear, we’ll go forward from there. But it should be a very exciting week.” Bitwise may indeed have a few aces up their sleeve for the proposal. Working directly towards the concerns later voiced by SEC Chairman Jay Clayton, the proposal focuses on highlighting the advances in Bitcoin custody and regulation made in recent months. “Two years ago, there were no regulated, insured custodians in the bitcoin market. Today, ... there are big names like Fidelity and CoinBase [with] hundreds of millions of dollars of insurance from firms like Lloyd’s of London,” he continued. “Two years ago, there were no regulated crypto exchanges. Now, six of the 10 big crypto exchanges are regulated by the New York Department of State with market surveillance technologies in place. And, most importantly, two years ago, it was a one-sided, inefficient market. Today, we have $200-plus million in volume and regulated futures every day.” Both of these solve the two main roadblocks expressed by the SEC, namely lack of regulated custody and manipulation-free markets. This is where the Bitwise report on fake exchange volume comes in handy: by dismissing the majority of Bitcoin volume, they were able to argue to the SEC that most of the price discovery is conducted on regulated exchanges. Will the SEC be convinced by this logic? We’ll find out before Monday. A positive answer could do wonders to Bitcoin’s price, but it is far from certain. 0x Introduces Zk-STARKs The 0x project, focused on providing a shared infrastructure for Ethereum DEXes, has announced the launch of OpenZKP library, in what is likely the first implementation of Zk-STARKs. The STARK variety of Zero Knowledge proofs is considered a better alternative to the more common SNARKs, found in Zcash and other Zerocash protocol currencies. They don’t need a trusted setup, a necessarily-centralized procedure that could compromise security. In addition, Zk-STARKs are ‘quantum-secure’ and provide a more nimble verification algorithm. Disadvantages include a bigger proof size and the overall novelty of the algorithm. For this reason, 0x made OpenZKP as a fully open-source library, encouraging other developers to contribute and review the code. In addition to providing a base for privacy coins, Zk-STARKs could be critical for creating scalable DEXes and blockchain platforms, which is what enticed 0x to develop the implementation. The post SEC To Rule On Bitwise ETF For Bitcoin: And 0x Releases Zk-STARKs appeared first on Crypto Briefing.

9 months ago

GE Freezes 20,000 Pensions, Bitcoin to the Rescue?

General Electric has been shrinking its pensions program for years. The in-company fund will now freeze the pension plan for another 20,000 employees, as reported by MarketWatch. Is Bitcoin the answer? Are Pensions a Thing of the Past? Corporate or state pensions rely on keeping up a system alive for decades. But company pensions, often quite generous, were some of the first to go in the cut-throat world of 21st-century business. Companies like General Electric run deficits on their pensions, seeking ways to lighten the burden, while discontinuing the program in stages. GE has closed its pension plan for new entrants since 2012, while offering to pay lump sums to later entrants, instead of the obligation to provide a pension far into the future. A Reddit thread has suggested using fiat for long-term financial insurance may be a losing game overall. Bitcoin (BTC), as a form of sound money, may be a replacement, suggested user pix100011. Both government and state pensions are suffering significant deficits, based on population imbalances and economic headwinds. BTC, on the other hand, is still volatile when it comes to market prices. But on the protocol level, BTC is also sound money. Its rules cannot be changed, and the supply to be produced on the network is fixed at 21 million coins. BTC ownership also cannot be frozen by a third party, except in unusual circumstances when assets are seized by law enforcement. But no one can censor a seed phrase or a private key, or move the coins through another mechanism. Bitcoin Offers Self-Ownership The Reddit poster called for financial self-ownership, pointing to an overgrown banking system. There is a huge wealth transfer taking place and a huge change in the world coming and we are driving this change by using bitcoin and holding on to Bitcoin, The hopes of BTC displacing the legacy financial system are still thin. Digital coins will have to fight an uphill battle for acceptance. While BTC is mostly censorship-resistant, some tokens can be centrally frozen. Fully legalized Paxos Standard (PAX) tokens have such an option, to at least temporarily freeze funds and investigate the owner. Additionally, anonymous coins are becoming more suspicious, with exchanges dropping assets like Dash (DASH) and ZCash (ZEC), or requiring de-anonymization. At the same time, the Bitcoin network is open for record-keeping, and third parties and law enforcement are often seen tracking addresses. What do you think about Bitcoin as plan B? Share your thoughts in the comments section below! Images via Shutterstock, The post GE Freezes 20,000 Pensions, Bitcoin to the Rescue? appeared first on Bitcoinist.com.

9 months ago


News courtesy of berminal.com
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