Horizen ZEN

$6.48
Market Cap $ 39.381 MM (#108)
24h Volume $ 515.197 K
Chg. 24h: 0.13%
Algo. score 3.6/5  (#159)
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Horizen News

Bitmain’s New AntMiner Z11 Reportedly Sold Out in 20 Minutes

Bitmain, the Beijing registered behemoth, a crypto shaper and a world’s leader in the manufacture of ASIC devices, has released a new EquiHash oriented ASIC miner dubbed AntMiner Z11 retailing at $1,242. Claiming to pack three times the processing power of its predecessor, Z9, the roll out is a reprieve for miners angled at mining EquiHash powered proof of work coins like Zcash and Komodo. However, it the desire to upgrade that lead to a surge in demand and the AntMiner Z11 reportedly sold out in less than 20 minutes. More about AntMiner Z11 In a press release, the new miner outperforms competitors in both efficiency, energy consumption and other measures. It weights a mere 5.4 kilograms, has a hashing power of 135 KSol/s and by revamping its internal circuit structure, Bitmain were able to increase energy efficiency by 60 percent as the Z11 consumes 10.50 J/KSol. For better energy dissipation, Bitmain employed the latest Bare Die molding technology to create a proprietary TSMC 12nm chip. Better still, the safety of the miner has been taken into consideration and the new generation Antminer is stable and prevents dust accumulation. Since Bitmain commands a majority market share of ASIC miners and operates a private mining farm, any decision could have a ripple effect. In that case, —and considering previous allegations leveled against them and court cases—the chip-set manufacturer is keen to “preserve the Zcash community’s values around security, reliability and accessibility.” As a result, Bitmain is now committed towards improving transparency and to that end, they shall provide “real-time updates to ensure more transparency and will continue to provide shipping updates of the first batch of the Antminer Z11” read part of their official statement. Zcash and Coins Mineable Although Zcash utilizes the EquiHash proof of work as consensus and is the most liquid in this category, it is not the only coin that the Z11 can miner. Data from WhatToMine reveals that miners can shift their hash power to other similar networks like Komodo (KMD), Zcash Classic (ZCL) or Horizen (ZEN) although the decision won’t be as lucrative. Mining Zcash for a week turns in a 33 percent profit of $3.87 with a daily return of around 55 cents at current spot rates when we factor in mining difficulty, power costs—rated at $0.10KWH and network reward. What is EquiHash Based on the Generalized Birthday Problem, EquiHash is an asymmetric memory intensive PoW system developed by two respected crypto researchers from the University of Luxembourg. In this consensus system, mining power is directly proportional to RAM. Encouragingly and to prevent centralization claims, EquiHash is said to be ASIC resistant made possible by its RAM demanding nature. Being an expensive resource, ASIC miners would be deterred from launching their gear. All the same, Z9 and now Z11 is a prove that developing ASIC resistance over the long haul is challenging. The post Bitmain’s New AntMiner Z11 Reportedly Sold Out in 20 Minutes appeared first on Ethereum World News.

4 days ago

Sending Bitcoin Into Space

You might want to keep your Bitcoin firm on the ground instead of sending it out into space but in a recent crypto project created by MediumSqueeze, they have chucked a proverbial message in a digital bottle into outer space which was paid for in the leading cryptocurrency. The Bitcoin enthusiast has taken advantage of the final frontier to help people around the world jump over the government and nations states to stay connected without the use of the internet. Users will be able to pay a fee in BTC to send messages through satellites which are operated by Blockstream. Powered by Spacebit.live, the messages signal growing zen for value, moving data, Bitcoin and crypto through outer space. The blockchain tech firm, Blockstream company that launched satellite services in August 2017 and allows users to make Bitcoin transactions through leased satellites. The firm has been developing the infrastructure for users that have limited internet access in mind. Spacebit is a satellite client of Blockstream which has a simple user interface that makes it easy for crypto fans and tech enthusiasts to write out their messages and click the ‘send message to space’ option. Through the Lightning Network, users make small payments, which are worth around three cents in Bitcoin and send messages that can be received by users equipped with a Blockstream Satellite receiver. One Twitter user @Grubles sent out a message into space at the start of the year through an early adopter of crypto. The message can be seen below and it is written in a journal/diary style of writing. “I kept a small amount of attention on bitcoin, and in 2016-2017, started following it closely, playing on testnet, and getting my skin in the game in 2017. The last year was amazing, I learned a lot, sent my first lightning testnet payment in early 2018, and was blown away, and got dizzy of the possibilities of the fast, cheap bitcoin micropayment possibilities. So here I am, left my job, I have some money to keep me up and I’m building my first raspberry pi lightning node, and broadcasting messages from satellites. Still feels surreal at times. So if you want to support some anon dev from a post soviet state, have at it, and thanks. My dream is to accumulate 1 btc, and I think that will be more than enough for the future.” Despite the ease of sending a message through platforms like spacebit.live and Blockstream, they do require a satellite dish connected to a PC, laptop or Rasberry Pi to finish off the transmission.

17 days ago

Bitcoin Price Touches $4K On Biggest Daily Volume Since May

The Bitcoin price succeeded in holding above $3900 February 20 after a sudden bull run brought the largest trading volumes since May 2018. Bitcoin Volume Sets 9-Month Record Data from Coinmarketcap confirmed the return to form for both price and volume over the past 72 hours, Bitcoin rising around 10 percent February 18 and touching the $4000 mark on Bitstamp yesterday. BTC/USD 00 hit a high of around $3960 on major exchanges, before a slight reversal took the pair to just above $3850. At press time, however, the newfound momentum had broadly held, assuaging fears that the uptick could suddenly break down and result in more losses. While no single factor appeared to drive the trend, price drove a resurgence in trading volume, which culminated in February 19 beating every daily total since May 3 last year. Social media commentators noted further trends, such as Bitcoin’s daily relative strength index (RSI) being the highest since the end of the protracted bull run to $20,000 seen in late 2017. #BTC Daily RSI 2nd highest since the end of the 2017 bull run. I added 3 squares for the top 3 highest RSI with relative price evolution for comparaison. Note also how the BB has been narrow for a while now. #bitcoin #crypto pic.twitter.com/blRlqfKVoc — Zen Frog (@CityZenFrog) February 19, 2019 When Moon? Even small unexpected price runs provide a refreshing counterpoint to the generally-accepted theory that Bitcoin will languish in a narrow trading corridor in the near term. As Bitcoinist reported, that theory has gained the favor from various sources, including Galaxy Digital founder Mike Novogratz and Civic CEO Vinny Lingham in recent weeks. Tone Vays, perhaps the best-known technical analyst from within the Bitcoin community, had previously warned against modest Bitcoin price advances denoting a definitive end to the cryptocurrency’s longest bear market on record. In December, when BTC/USD still traded below $4000, Vays anticipated a likely harsher drop to around $1300 - the peak achieved in the 2013 bull run prior to the implosion of Mt. Gox. Beyond price meanwhile, Bitcoinist reported earlier this month on underlying technical metrics for the Bitcoin network showing signs of increasing robustness since 2019 began. What do you think about the Bitcoin price performance? Let us know in the comments below! Images courtesy of Shutterstock The post Bitcoin Price Touches $4K On Biggest Daily Volume Since May appeared first on Bitcoinist.com.

a month ago

Using Your Mining Rig, Which Crypto Coin Should You Mine This 2019?

Do you want to start mining Crypto Coins this year? Or have you already been mining for sometime now? Either way, you should know the course of this Crypto Coins trade in order for you to make profits. It’s clear that Crypto Coin mining is one of the most taken routes in order to make profits in this field. These days though, in order for you to be able to jump into the mix, you would at least need an Application Specific Integrated Circuit (ASIC) miner. The problem is that for normal people who mine using their CPUs and GPUs, the introduction of these ASIC miners gave them a hard time to compete, as these machines are exponentially more powerful in mining Crypto Coins in comparison. But don’t despair, for normal CPU and GPU miners, there’s a solution, we all just have to mine for Crypto Coins that use a different algorithm. If you’re mining using your CPU, you would get the most profit if you would pick Crypto Coins that work on the Cryptonight Cryptocurrency Algorithm: Monero Released in April of 2014, Monero is an open-source project, and its main tenets revolve around ‘fungibility’, privacy, and decentralization. Dogecoin Dogecoin prominently depicts the famous internet meme Doge, a Shiba Inu dog, as seen on the Crypto Coin’s logo. It was introduced on the 6th of December, 2013 as a “Joke Currency”, but is now a legit Crypto Coin valued at 60 million USD. Zcash Zcash is a Crypto Coin that has focus primarily on using Cryptography in order to enhance user’s privacy. And if you’re mining using a GPU, here are the Crypto Coins you should be mining for healthy profits: Bitcoin Gold Launched in November 12, 2017, Bitcoin Gold’s main focus is to disallow ASIC miners and give chance to normal CPU and GPU miners. Zencash Zencash is also an open-source Crypto Coin that works on Blockchain technology to provide privacy and anonymity to its users. Zclassic Zelassie is a fork of ZCash and runs on the same underpinnings, the only difference is that rewards are 20% less, but that said, it’s still going to be a good choice as not too many people are mining it. (Jet Encila is a freelance writer, editor and journalist from the Philippines). The post Using Your Mining Rig, Which Crypto Coin Should You Mine This 2019? appeared first on Live Bitcoin News.

a month ago

Surviving the Bear Market, Future Plans, and More: A Chat With Horizen President and Co-founder Rob Viglione

Formerly known as ZenCash, Horizen (ZEN) was launched in May 2017 as a privacy-focused cryptocurrency. Designed for private and…

a month ago

Bitcoin Had a Fairer Launch Than Any Altcoin

What constitutes a fair coin launch? It’s a question that has had some of the brightest minds and brashest projects in the space debating the best way to kickstart a cryptocurrency. Every crypto, Bitcoin included, has attracted criticism over a distribution schedule that favored early adopters. To date, no other coin has come close to matching the egalitarianism of Bitcoin’s launch. Also read: These Payment Gateways Will Enable Your Business to Accept Cryptocurrency There’s More Than One Way to Launch a Coin When it comes to world-changing innovations, it generally pays to get in on the ground floor. Not every piece of transformative tech enriches its developers (think of the internet itself or email or encryption), but most do. Bitcoin certainly did. Despite launching with no ICO, no premine, and no founders’ reward, the cryptocurrency succeeded in turning many of its earliest supporters into very rich men. This in turn empowered many of them to launch their own cryptocurrencies, which have launched very differently from Bitcoin. Jed McCaleb Vitalik Buterin (Ethereum), Zooko (Zcash), Charlie Lee (Litecoin), Jed McCaleb (Ripple, Stellar) and Dan Larimer (Bitshares, Steemit, Eos) are examples of early bitcoiners who became altcoiners. The distribution of all of the coins they spawned has came in for criticism in some way. The 20 percent mining reward that goes to the Zcash treasury to fund development remains controversial, and spawned a hard fork to create Z Classic, which removed the founders’ reward, and fork-of-a-fork Zencash, now Horizen. Zcash has also been questioned on account of the missing zero-knowledge proofs that would legitimize the “trusted setup” at the privacy coin’s creation. The ICO that birthed Ethereum has been attacked for allocating most of the coins to a handful of whales, and in other quarters has been accused of comprising a security rather than a utility. Eos’ year-long uncapped ICO has also irked members of the cryptocurrency community, and don’t get them started on Ripple. Aside from the fact that the company that created the currency has the lion’s share of XRP, the missing early block headers means it’s impossible to even examine Ripple’s genesis event. Grin, Beam and the Quest for the ‘Perfect Launch’ 2019’s newest protocols, Grin and Beam, share commonalities, not least in terms of the Mimblewimble privacy technology they’re built upon. In other respects, however, the pair couldn’t be more different. Beam has a publicly known team, is incorporated as a business, and has a Zcash style founders’ reward to fund development. Grin, on the other hand, has a pseudonymous team, no premine or founders’ reward, and operates as a community project with no central leadership. Whether Grin’s launch could be deemed “fair,” however, is a matter of debate. One of the goals when launching a cryptocurrency is to align incentives. This gives people a reason to devote their time, skills, and resources to the project, and rewards them for trusting in it when it was at its weakest. There were no guarantees that Bitcoin, or any of the projects mentioned above, would succeed. Their early backers knew they were taking a risk. In “Grin and the Mythical Fair Launch,” Arjun Balaji asserts that “a fair launch offers equal opportunity — not equal outcome — to acquire a coin 1) over a long period of time 2) at a relatively equal price.” They conclude by opining that Grin’s launch “excels in both dimensions.” The absence of rewards for the project’s developers, however, has forced them to scrabble for the funds necessary to support their work. At the time of publication, Grin developer “yeastplume” has only raised $25,000 of the $63,000 they’re seeking. That’s a problem that funded projects like Beam and Zcash don’t have. Unpacking Bitcoin’s Launch To begin with, bitcoin could be extracted in virtual shovelfuls in a process akin to open-cast mining. The low difficulty rate, coupled with the 50 BTC block reward, meant it was easy for hobbyists to mine bitcoins by the thousand. Bitcoin mining today is more like fracking: it calls for specialist hardware, has a high cost of entry and triggers environmentalists. It is widely assumed that Satoshi has permanently locked away the BTC he accrued in the early days, when he is believed to have solo mined hundreds of thousands of coins. If so, it is a selfless act from the creator of the most unselfishly launched cryptocurrency to date. Not only has Satoshi forgone his founder’s reward, but he’s removed a significant amount of coins from circulation, effectively increasing the value of everyone else’s holdings. It’s easy to criticize Bitcoin’s launch a decade after the fact, claiming that its logarithmic supply curve was too steep, but it served its purpose of ensuring that Bitcoin survived to this day. Without it there would be no Grin, Beam, or any one of the 2,000 other cryptocurrencies out there, most of which are derived from Bitcoin. Which cryptocurrency do y

2 months ago

Anypay, a Point-of-Sale Platform Adds Full Support for Bitcoin Cash

Anypay, a Point-of-Sale platform has announced that it is fully integrating Bitcoin Cash. Using the Anypay platform, an individual can accept Bitcoin Cash in their stores with the use of a tablet, desktop, or a mobile device in a noncustodial function. Anypay initially announced that it would add BCH in its platform in November 2017. However, BCH users experienced a few quirks after the integration forcing it to be suspended for a year. Anypay founder Derrick Freeman has said that he admired Bitcoin Cash because of its lower fees and spendability. Bitcoin Cash will now join Anypay's list of supported cryptocurrencies which includes ZEN, XRP, ZEC, BTC, DASH, DOGE, and LTC. (KE)

2 months ago

Coinbase Halts Ethereum Classic Transactions After the Network Comes Under Attack

CoinSpeaker Coinbase Halts Ethereum Classic Transactions After the Network Comes Under Attack Mark Nesbitt, a security engineer at the world-renowned $8 billion startup, broke down Coinbase’s findings revealing that Ethereum Classic’s Proof of Work system, which runs on the ETHash algorithm, had fallen victim to “repeated” block “reorgs,” meaning that an unnamed attacker [group] managed to alter blockchain transactions repeatedly in recent memory. On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused movements of these funds on the ETC blockchain. Read more here: https://t.co/vCx89dz44m — Coinbase (@coinbase) January 7, 2019 However, now developers for the ETC token are making the claim that the blockchain has not experienced a 51 percent attack, in addition to denying the presence of a double spend. Respond to the allegations, they are now claiming that a mining pool was responsible for some of the suspicious behavior, having accounted for more than 50 percent of the network’s hash rate and engaging in “selfish mining.” I In a Tweet by the official ETC account, the developers contend that ASIC manufacturer Linzhi was in the process of testing new ETHash machines, resulting in a >50 percent network hash rate as opposed to being a direct attempt at a 51 percent hack. The tweet also states that “double spends [were] not detected,” contradicting some the details in the Coinbase report. They tweeted: “Regarding the recent mining events. We may have an idea of where the hashrate came from. ASIC manufacturer Linzhi confirmed testing of new 1,400/Mh ethash machines #projectLavaSnow - Most likely selfish mining (Not 51% attack) - Double spends not detected (Miner dumped bocks) — Ethereum Classic (@eth_classic) January 7, 2019” However, this Tweet was removed because Linzhi Shenzhen director of operations Wolfgang Spraul pushed back, saying: “We are categorically denying such claims, they are entirely baseless and may be part of the attack itself.” He added: “If we would test our ASICs, we would never do that on any mainnet, we would do that on a testnet or a private net. We would most likely invite independent industry figures like David Vorick or Anthony Lusardi to observe what we are doing.” Afterwards from the company they tweeted: To be clear we are making no attempt to hide or downplay recent events. Facts are facts and as the situation develops we'll soon get a full picture of what actually took place.Linzhi is testing ASICS. Coinbase reported double spends; both may be true. In time we will see. https://t.co/bbq6eqIoiS — Ethereum Classic (@eth_classic) January 7, 2019 According to Nesbitt’s blog post, the attackers could spend coins twice because of what’s called a 51 percent attack. To do this, attackers took control of more than half of the processing power that computes and stores the Ethereum Classic blockchain. That let the attackers create alternative transactions for some coins, essentially spending them twice. The coins that attackers allegedly spent twice were worth about $460,000, Nesbitt wrote. He added that potential for an attack like this one is a problem faced by all cryptocurrencies, and doesn’t mean Ethereum Classic was especially vulnerable. Coinbase Pausing Further Movements of ETC Funds Affected After we wrote about how Coinbase still hasn’t allowed its users withdraw their BCH SV since November’s hard fork, this seems to be another “stumbling stone” for this company. Coinbase paused movements of affected ETC funds to prevent any double spends from hitting its users. Meanwhile, the Kraken Exchange temporarily halted ETC deposits and withdrawals and plans to bring ETC funding back online once exchange officials believe it is safe to do so. ETC officials, for their part, have confirmed that double spends are affecting the currency, but they have yet to say more. A 51 percent attack would be “technically a catastrophic failure,” Emin Gun Sirer, co-director of the Initiative for Cryptocurrencies and Smart Contracts at Cornell University, said in a tweet. Since immutability is ETC's main claim to fame, this is technically a catastrophic failure. Let's see what the exchanges will do in response. — Emin Gün Sirer (@el33th4xor) January 7, 2019 To some investors, Ethereum Classic is the real Ethereum network. After a catastrophic hack threatened to wipe out Ethereum in summer 2016, the network’s developers “forked” the project. Ethereum was split into Ethereum Classic, the original version of the network which allowed the hack to take place, and the new Ethereum where the hack was undone. Proponents of blockchain technology often talk up the security of the network, but a 51 percent attack is one of the flaws. They are currently quite rare but have occurred in some instances, particularly with smaller cryptocurrencies. Last year, Litecoin Cash and Zencash both su

3 months ago

Horizen and Cripto Conserje Partner to Bring Crypto to Refugees

Cripto Conserje, a Latin American non-profit blockchain startup has announced a collaboration with Delaware-headquartered Horizen to fight the surging Latin American refugee crisis. This partnership seeks to assist the affected communities by educating them about cryptocurrencies and introducing the ZEN token to them. The organizations would focus on profoundly affected communities in Venezuela, which have been migrating to Colombia following the financial crisis in their country. By bringing the ZEN token to these refugees, the two firms would provide them with a secure way to access and control their money. (VK)

3 months ago

Transcript: 2019 Outlook from WDAS: Metastable Capital, Nathaniel Popper, Multicoin Capital, Near Protocol, Cryptokitties, Primitive Ventures, LayerX

Our New Podcast is Out! 2019 Outlook from WDAS: Metastable Capital, Nathaniel Popper, Multicoin Capital, Near Protocol, Cryptokitties, Primitive Ventures, LayerX We have prepared a very special episode for our listeners just in time as we go into 2019. I emceed and moderated at the World Digital Assets Summit in San Francisco this past week, and also got the chance to speak with a number of fantastic funds,projects and reporters who were present. As we go into the New Years with some uncertainty as an industry, it is refreshing to hear different perspectives from a number of thoughtful, experienced individuals on their outlook for 2019. This podcast is a compilation of 7 separate conversations that I had with individuals and I highly recommend you to listen to each and every one of those conversations. On the funds side, I spoke with Haseeb Qureshi from Metastable Capital, Kyle Samani from Multicoin Capital, Alex Rusnak from LayerX, Martina Long from Primitive Ventures. I had the pleasure of catching up with Nathaniel Popper from the NY Times. And on the projects side, I spoke to founder of NEAR Protocol Ilia Polosukhin and Cryptokitties’ Chief Business Officer Mik Nayeem. Here are some highlights from my conversations and their timestamps, make sure to listen to it and become a premium reader NOW to access to the summarized transcripts and future deep insights: 1:45 Haseeb Qureshi from Metastable Capital- thoughts on stablecoins and Metastable’s investing approach going into 2019. 11:09 Nathaniel Popper from the NY Times- on what he’s thinking about writing on in this space now since covering Bitcoin in 201317:40 Near Protocol founder Ilia Polosukhin- on recent team hiring, developments in 201921:00 Cryptokitties Chief Business Officer Mik Nayeem- on why consumer dApps companies like Cryptokitties are more pessimistic about 2019 than the protocols 27:40 Kyle Samani from Multicoin Capital- technologies he’s spent the most time researching in 2018 and what those will be in 201931:10 Alex Rusnak from LayerX- detailed predictions on the timeline of tech and project developments in 201938:45 Martina Long from Primitive Ventures- Primitive’s views on the rift between east and west and how they approach that as a global fund Joyce Yang Hi everyone. Welcome to the global coin podcast. A podcast where we hear from leading global operators and investors in crypto, with their thoughts on the Asia Blockchain and cryptocurrency space. Asia is really a cryptocurrency hub, and understanding the region is as important as understanding what’s going on locally. We also have a newsletter that highlights all the important crypto news coming out of Asia, with many translated by our staff directly from the local media. Check it out at globalcoinresearch.com. I’m your host Joyce Yang. Today, we have a very special episode just in time for the new year. I am seed and moderated at the world digital asset summit in San Francisco this past week and also got the chance to speak with a number of fantastic funds, projects and reporters who were present. as we go into the new year with a sight of trepidation and certainty as an industry, it is refreshing to hear different perspectives from a number of thoughtful experienced individuals on their outlook for 2019. this podcast is a compilation of 8 separate conversations that I had with individuals. on the fund side, I spoke with Haseeb Qureshi from Metatable, Kyle Samani from Multicoin Capital, Alex Rusnak from LayerX, Martina Long from Primitive Ventures. I had the pleasure of catching up with Nathaniel Popper from the New York Times. and on the project side, I spoke to Near Protocol and CryptoKitties. as we share each of these conversations, we will be professing them with a quick introduction on the person and their organization. first off, we have Haseeb Qureshi from Metatable Capital. Haseeb is a general partner at Metatable Capital, a cryptocurrency hedge fund. hi Haseeb, thanks for coming. Haseeb Qureshi Yeah of course my pleasure. Joyce Yang How are you enjoying this conference? Haseeb Qureshi It has been interesting. Joyce Yang Yeah what does that mean? Haseeb Qureshi Definitely a different vibe in the big market. The winter of 2018; I think a lot of people will remember this as being a very distinctive time for crypto. It’s kind of like the deepest inflection point of sentiment. No it’ll be okay, it’ll be okay and now, we’re like no, it’s not okay. But I think it kind of you know crypto goes through this every few years and you kind of need this right. There was a little bit too much uninformed enthusiasm to be healthy. So obviously, it’s a painful time and there’s less smiles and there’s less people were just kind of irrationally exuberant about this market, but overall, I think it’s a sign of maturity. Joyce Yang For sure. I think that’s definitely a good thing for the space and you still have a smile on your face. So what are you excited about for 2019? Haseeb

3 months ago

Horizen (ZEN) Launches New Sphere Wallet and Messenger

The privacy-oriented blockchain platform Horizen (ZEN) recently launched their new Sphere app that acts as a highly secure cryptocurrency wallet and messenger. Sphere by Horizen has multiple new features including secure messaging between users of the platform and the ability to toggle between light and full clients. The Sphere app is currently available as a desktop application for PC, Mac and Linux. ZEN is currently trading at $4.83. (JF)

3 months ago

The 2018 Asia Awards: 5 Western Projects Successfully Making Way into Asia

As you may have read in the last few weeks, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)Asia Countries ex-China (with commentary on regulations, media sentiments, crypto projects, exchanges, and company developments)Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc)Crypto Projects and Funding Trends Check out our previous pieces on China, Japan, Korea, Singapore, etc. This week, we are touching on Crypto Projects and Funding Trends. And as we wrap up with 2018, we are introducing an onetime piece around Crypto projects this week. That is, we look back on 2018 and identify 5 role model western projects that have successfully been making way into Asia. We also recently saw great reception with our Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore post, and we’ve shared a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. The 2018 Asia Awards: 5 Western Projects Successfully Making Way into Asia Unlike most folks in the industry, we at GCR have been appreciating and enjoying this bear market. We have fewer conferences and less fundraising activities going on, and companies can finally learn how to be resourceful and bootstrap in preparation for this ongoing Crypto winter. At this point in time, many projects in the US are building and looking to fulfill their promises to ship something in the first half of 2019. At GCR, we believe that for protocols and blockchain projects, building technology is great, but not enough. Blockchain technology and token design should be, and indeed continue to be, the priority (for now), but we do not believe it should be the only thing that projects focus on. With the promise of decentralized communities that many projects initially laid out in their visions, we believe that the founding team ought to spend at least 10% of their time thinking about their go-to-market strategy, and where and who their initial adopters would be. On a high level, we are seeing projects falling into 2 paths right now when approaching user adoption. In the 1st path, the project launches locally, then wait for adoption to grow, and then launch in a number of regions around the world, something like an Uber model. And for path 2, the project starts off by simultaneously building communities in various locations around the world, and then launch product and gauge community adoption and participation. Both paths have their pros and cons, and projects may find that one path may fit for them better than the other. We often see projects that are often a technically strong team, have built decentralized products, and want to build communities around the world. However, they don’t know how to go about building global communities or they don’t know where to start. Another reason that often prevents these projects from pursuing path 2 is cost. Going abroad and spending time in foreign countries is more expensive on a time and dollar basis. At least that is the case initially. In either case, for many of these companies looking for adoption, it has increasingly become apparent to them that their first launch market may not be the US, or anywhere near the Western Hemisphere. GCR has a primary focus on Asia, and as a result, we have identified companies who has been actively building out a presence in Asia. There are many projects that do trips in Asia once or twice a year, and certainly commend them for their effort. But given the massive amount of $ that these projects have raised, we don’t think that is enough. At GCR, we evaluated projects that raised money from late 2017 and early 2018. There are a number of standout companies that have dedicated notable resources to Asia and we’d like to recognize them as role models in the space that other projects can look to learn from their successes, and failures. We applaud these companies as we believe they are doing some of the hardest work uplifting local communities, dedicating resources to educate local communities on Blockchain technology, and actively participating and contributing to the regional ecosystems, all the way from the other side of the world. Without further ado, here are the top 5 thoughtful western companies successfully making way into Asia. Tezos Foundation In 2018, GCR is recognizing Tezos and its Foundation for their commitment to promote Blockchain education to young people and in universities in Asia. Tezos and its foundation have had its fair of media spotlight beginning of this year, but in the second half of the year, the foundation has been making way successfully

3 months ago

The 2018 GCR Asia Awards: 5 Western Projects Successfully Making Way into Asia

Unlike most folks in the industry, we at GCR have been appreciating and enjoying this bear market. We have fewer conferences and less fundraising activities going on, and companies can finally learn how to be resourceful and bootstrap in preparation for this ongoing Crypto winter. At this point in time, many projects in the US are building and looking to fulfill their promises to ship something in the first half of 2019. At GCR, we believe that for protocols and blockchain projects, building technology is great, but not enough. Blockchain technology and token design should be, and indeed continue to be, the priority (for now), but we do not believe it should be the only thing that projects focus on. With the promise of decentralized communities that many projects initially laid out in their visions, we believe that the founding team ought to spend at least 10% of their time thinking about their go-to-market strategy, and where and who their initial adopters would be. On a high level, we are seeing projects falling into 2 paths right now when approaching user adoption. In the 1st path, the project launches locally, then wait for adoption to grow, and then launch in a number of regions around the world, something like an Uber model. And for path 2, the project starts off by simultaneously building communities in various locations around the world, and then launch product and gauge community adoption and participation. Both paths have their pros and cons, and projects may find that one path may fit for them better than the other. We often see projects that are often a technically strong team, have built decentralized products, and want to build communities around the world. However, they don’t know how to go about building global communities or they don’t know where to start. Another reason that often prevents these projects from pursuing path 2 is cost. Going abroad and spending time in foreign countries is more expensive on a time and dollar basis. At least that is the case initially. In either case, for many of these companies looking for adoption, it has increasingly become apparent to them that their first launch market may not be the US, or anywhere near the Western Hemisphere. GCR has a primary focus on Asia, and as a result, we have identified companies who has been actively building out a presence in Asia. There are many projects that do trips in Asia once or twice a year, and certainly commend them for their effort. But given the massive amount of $ that these projects have raised, we don’t think that is enough. At GCR, we evaluated projects that raised money from late 2017 and early 2018. There are a number of standout companies that have dedicated notable resources to Asia and we’d like to recognize them as role models in the space that other projects can look to learn from their successes, and failures. We applaud these companies as we believe they are doing some of the hardest work uplifting local communities, dedicating resources to educate local communities on Blockchain technology, and actively participating and contributing to the regional ecosystems, all the way from the other side of the world. Without further ado, here are the top 5 thoughtful western companies successfully making way into Asia. Tezos Foundation In 2018, GCR is recognizing Tezos and its Foundation for their commitment to promote Blockchain education to young people and in universities in Asia. Tezos and its foundation have had its fair of media spotlight beginning of this year, but in the second half of the year, the foundation has been making way successfully into Asia through partnerships with universities and conducting meetups around Blockchain education. We look forward to more great things coming out from the team. “The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding initiatives imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation.” Since August, the Tezos foundation team has been hard at work in writing research grants, initiating a number of university events and educational meetups in Asia around blockchain and OCaml. They have started forming deeper relationships in a number of cities in Asia through local partnerships and Memorandum of Understanding (MoU) agreements. Some academic areas of focuses have included training students on OCaml, the programming language that Tezos is written in; partnering on a programming book with a professor from National University of Singapore; speaking about technical challenges facing blockchain at National Taiwan University Department of Computer Science & Information Engineering; doing meetup in Japan discussing PoS algorithms; and launching a Masterclass at Nanyang Technological University in Singapore. The project has also set up various meetups in Southeast Asia in cities such as Bangkok and Han

3 months ago

University researchers: There is evidence of pump-and-dump schemes prior to 51% crypto attacks

A group of university researchers published a study assessing the influence of 51% attacks on proof-of-work cryptocurrency prices. The study analyzes an exhaustive sample of 14 individual attacks on 13 cryptocurrencies. They are Bitcoin Gold, Bitcoin Private, Electroneum, Feathercoin, Karbo, Krypton, Litecoin Cash, MonaCoin, Pigeoncoin, Shift, Terracoin, Verge (attacked twice) and ZenCash (recently renamed to Horizen). Here is what the researchers found: 51% attacks on a blockchain show an immediate decrease in the corresponding coin’s prices by 12 to 15 percent Coin prices do not recover to pre-attack levels one week after the event There are apparent positive abnormal returns generated by coins on the two days preceding a 51% attack The researchers believe this suggests evidence of some insider trading or pump-and-dump schemes performed by the attackers prior to 51% attacks The post University researchers: There is evidence of pump-and-dump schemes prior to 51% crypto attacks appeared first on The Block.

3 months ago

Vertcoin (VTC) 51% Attacked, $100,000 Lost via Double Spend

The Vertcoin (VTC) network was successfully 51% attacked, and a large reorg happened that cost them more than $100,000. We have already seen weaker blockchain platforms like Bitcoin Gold (BTG), Verge (XVG), and ZenCash being hit with 51% attacks in the recent months. Vertcoin (VTC) 51% Attacked And now, we have the Vertcoin going through the same fate again. Moreover, an interesting part is that San Francisco-based crypto exchange, Coinbase has given an official statement on this attack, claiming that the Bitcoin-like networks (or forks of BTC) are weaker and less secure. This may be why Coinbase did not list Vertcoin, whereas, competing exchanges including Binance and Bittrex have listed it. Vertcoin 51% Attacked A 51% attack was performed on the Vertcoin blockchain on 2nd of December, and double spending happened, costing the network to lose more than $100,000. It was reported that a large amount of ASIC hash was rented to orchestrate this attack. Successive reorg on the blockchain was performed. Vertcoin went through repeated reorg going as deep as 307 blocks. Vertcoin Against ASICs Proving to Be Insecure The Vertcoin algorithm is designed to be ASIC-resistant - in order to make the mining more decentralized. So anyone with a graphics card can easily mine Vertcoin. The drawback of this, however, is that such a network can be attacked by anyone having a standard graphicss card, unlike other ASIC coins such as bitcoin (BTC) - which require ASIC mining equipment to perform 51% attacks successfully (even they it may be practically impossible to do so on the BTC blockchain). Coinbase Making Use of this Opportunity Coinbase came out with a detailed article about this attack in an official blog post, criticizing the Bitcoin-like Networks that are clearly vulnerable to attacks. Coinbase was targeting its competitors who have listed Vertcoin. The US-exchange may have taken advantage of the situation to inform people about other exchanges that have listed insecure coins. Advice to Investors Experts have always advised investors to be cautious and keep away from low cap coins, as they are vulnerable to 51% attacks. But investors go after those coins for making quick money. These coins, if invested in without prior research, can lead to a loss of funds. Therefore, it is better to invest in a more secure and reliable blockchain network like Bitcoin (BTC) - which is the most secure network in the entire blockchain ecosystem. Millions of dollars and electricity are required to attack the Bitcoin network, and it is also logistically highly infeasible. The post Vertcoin (VTC) 51% Attacked, $100,000 Lost via Double Spend appeared first on Crypto Core Media.

4 months ago

Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network. Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. The incidents started in October and happened on four different occasions, the last of which was supposedly ongoing at the time of publishing the blog post - December 2nd. According to Nesbitt, the last incident was comprised of four reorganizations, all of which resulted in double-spend transactions. It’s worth noting that Vertcoin’s mining algorithm is deliberately geared against ASIC and ASIC-like devices by making them particularly inefficient. Instead, mining on the network is designed to be achieved solely through commonly available graphics cards. This is supposedly an attempt to hedge against mining centralization. Nesbitt argues, though, that this is largely counterproductive to the network’s security because it enables anyone in the world who’s using graphics cards to attack the coin as opposed to networks mined with ASICs (e.g. Bitcoin) where only ASIC users can attack the coin. The Importance of Network Strength This year has seen a rise in 51% percent attacks against cryptocurrencies such as Verge, Bitcoin Gold, and ZenCash, to name a few. Some projects have already taken steps to prevent this kind of incidents in the future. Bitcoin Gold’s team revealed that it plans a hard fork as a solution to prevent 51% attacks. A 51% attack takes place when an individual or a group of individuals control more than 50% of the network’s mining hash rate or computing power. Bitcoin’s network is by far the most secure blockchain today. Mining bitcoin is designed to be particularly energy intensive. The computational power needed to generate new blocks requires a great deal of electricity to power up the specialized mining hardware. Simply put, attacking the network is a lot more expensive than to defend it. Tracking site Crypto51 measures the theoretical cost of 51% attacks on each network. According to it, sustaining such an attack against Vertcoin would only cost $125 per hour, while attacking the Bitcoin network would cost $255,744 per hour. What do you think of the latest 51% attacks on Vertcoin? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Vertcoin 51% Attack Could Have Caused $100K in Double Spending appeared first on Bitcoinist.com.

4 months ago

Bitcoin [BTC] is revolutionary, but ICOs are a “way to get around the regulatory space”, says Tone Vays

Tone Vays, a Bitcoin [BTC] maximalist and influencer, recently appeared at Blockshow Asia on a panel to speak about the ICO market. Over the course of the discussion, he spoke about how ICOs were not “revolutionary”, stating that they were a way to “get around the regulatory space”. When asked about whether lessons were learned from the ICO boom of last year and this year, he declined to agree. Drawing on his background as a trader, he spoke about how he never understood the dotcom boom and how websites with only a website and no clients and developers were trading for $100 a share on NASDAQ. He stated: “It took 15 years for the NASDAQ to recover financially. Meanwhile the internet was being used and used and used. I never understood why people got into this group thing and irrational exuberance of buying into this stuff until i was smack in the middle of this ecosystem.” He then spoke about how Bitcoin was revolutionary, as it was a way to separate money from government intervention and give people the freedom to spend their value. However, this then devolved into how everyone wanted to print money, with more people believing in it, stated Vays. He then stated: “The ICOs were not revolutionary, it was just a way to get around the regulatory space and the regulation is finally catching up. I was very critical of the Ethereum ICO and i thought it would only lead to something bad and i guess now other people are somewhat starting to realize it. I was on the other side of it i was warning people the whole way up, the whole way down i will continue to do so.” Jane Lippencott, the co-founder of ZenCash and Head of Business Development of CoinFi, also pitched on his opinion by elaborating that a lot of founders in the ICO space “went for the money grab without solving any hard problems”. This ensures that they are not lasting through the bear market, she said. She went on to say: “I think they never really figured out how blockchain applies to their business and how to create token economies that are actually sustainable. I think there’s a lot of work still to be done and that there are a lot of fundamental building blocks for any altcoin project before were going to see real businesses that are going to be VC backed that are built on blockchain and incorporate it.” The post Bitcoin [BTC] is revolutionary, but ICOs are a “way to get around the regulatory space”, says Tone Vays appeared first on AMBCrypto.

4 months ago

Crypto Fund Manager Barry Silbert Bought These 4 Altcoins Amid the Market Sell off

Barry Silbert, the founder of Grayscale Investments, a digital asset management firm owned by Digital Currency Group, took to Twitter on Sunday to reveal that he’s purchased several altcoins amid the market selloff. According to the tweet, Silbert has added an undisclosed amount of Ethereum Classic (ETC), Zcash (ZEC), Decentraland (MANA) and Horizen (ZEN) to his portfolio. However, some have questioned whether the investment is a smart one since ETC, ZEC, MANA, and ZEN are now ranked 15, 17, 59 and 79, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. (RL)

4 months ago

Bitcoin Investment Firm Grayscale Unveils Its Bullish Investment Thesis on Privacy Coin Horizen (ZEN)

Crypto asset management firm Grayscale has released its investment thesis on Horizen (ZEN), which is a privacy-focused ecosystem, after reporteldy pouring millions of dollars into the project in recent months. Grayscale believes “the majority of network value will accrue” in the ZEN coin, based on several reasons. First, Horizen is fulfilling an unmet need in the market for privacy across payments, messages and media with its encrypted platform. The protocol design is “innovative” with “incentives.” Grayscale believes that demand for the platform exists both in current and next-generation markets. The ZEN coin also provides “optimal digital asset allocation” to investors. (GT)

4 months ago

Crypto Hardware Wallet Trezor Unveils Firmware Updates that Support a Whole Slew of Coins

Crypto hardware wallet Trezor has released firmware update 2.0.9 for the Trezor Model T. As a result, the wallet now supports additional altcoins across "Monero, Cardano, Stellar, Ripple, Tezos, Decred, Groestlcoin, Lisk, Zencash, and the Zcash Sapling hard fork." Trezor also released an update for its Trezor One wallet. Firmware version 1.7.1 includes support for Lisk and Stellar as well as the WebUSB communication protocol, which lets Google Chrome users bypass the Trezor Bridge to access the wallet and password manager. (GT)

5 months ago

Open-Source Crypto Wallet Mixin Messenger Adds Support for Pundi X (NPXS)

Mixin Messenger, which is the first decentralized app on the Mixin Network, has added support for Pundi X (NPXS). Mixin Messenger is an open-source cryptocurrency wallet that supports most popular coins. Last month, Mixin Messenger added Horizen (ZEN), which is the No. 82 cryptocurrency based on market cap. Mixin Messenger also recently added a “pending” feature that lets users check on the status of a transaction when making a deposit. (GT)

5 months ago

GIN Platform Launches Cloud and Dedicated Nodes to Make Online Masternode Hosting Accessible

GIN Platform, the web-based platform developed to enable the average user to setup and deploy their own masternode system, to start earning passive income without the technical and hardware costs, has publicly unveiled its latest products designed to further streamline the platform. Launched on October 26th 2018, GIN Platform is now offering the Cloud Node and Dedicated Node hosting plans for users. The products are set to usher in new levels of accessibility with additional features to streamline and enhance the users ability to the deploy and manage the masternode systems. The products is also set to further promote and enhance blockchain security features through cheap and accessible, cloud-based masternode setup, bypassing the traditional barriers that have prevented many from setting up their own masternodes. The launching of Cloud and Dedicated Node plans for users is in alignment with GIN Platform’s objectives to give everyone the opportunity to earn, through the creation and management of masternodes on a cheap and affordable platform. What further defines the platform from its peers is that GIN Platform’s services are available to all regardless of technical skills. The platform currently accounts for almost 1.7% of all online masternodes. Cloud Node* Running a masternode in any cryptocurrency demands a certain amount of the blockchain’s currency to be locked up on the network. However, some masternodes generate small incentives for operators, making it unprofitable to run a dedicated service. Cloud Node makes its possible for masternodes with smaller rewards to gain support and secure their network by sharing resources with other masternodes on the same server and IP address. This helps to reduce the hardware and maintenance costs of lesser paying masternode. The fee for this service is pegged at $4.5 per month or $0.15 daily**. *This service is limited to certain cryptocurrencies. it is not available for DASH, PIVX, ZEN, and ANON. Dedicated Node Unlike the Cloud Node, this service gives each masternode its own dedicated server and resources to use. This Premium service goes for $12.6 monthly ($0.42 per day)** . **All prices exclude VAT. Payment and Discount Every user is able to choose the preferred option they wish to setup their masternodes under at any moment. This is possible through the Upgrade and Downgrade buttons on the user’s Dashboard. The Upgrade button elevates the status of the user’s account into a Dedicated Node, while the Downgrade takes it down to the Cloud Node. Users are able to toggle their masternode hosting services up or down, whenever they wish to do so. However, doing so will result in a new setup process, creating a new server for the user’s masternode and removing the old one. All services provided by GIN Platform are only payable on a daily basis with its native token GIN. Based on volume on commitment, users would be eligible for discounts starting in November. For further information on GIN Platform visit the website: https://p.gincoin.ioFollow 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: The post GIN Platform Launches Cloud and Dedicated Nodes to Make Online Masternode Hosting Accessible appeared first on BitcoinNews.com.

5 months ago

Gin Platform Introduces a New Product, The Cloud Node

The GIN platform recently launched a new product named Cloud Node, the product according to the firm is specifically designed to increase the accessibility to masternode deployment and management. A Whole New Product The main purpose for the establishment of the GIN platform is to give virtually everyone access to create and manage a masternode, regardless of their technical skill. The GIN platform thus recently introduced the new Cloud Node explicitly designed to increase accessibility further. Starting October 26th,2018, two core features would be available on the GIN platform, they are the Dedicated Node and the Cloud Node. Cloud Node The price of the feature is pegged at $4.5 per month ($0.15 per day). Its main features is that the masternodes launched under this option will be hosted on the same server, ultimately sharing the same IP. Main reason for its creation is to support projects whose masternodes generates smaller rewards than the hosting price. This service is not available for DASH, PIVX, ZEN and ANON Dedicated Node This particular feature is also designed to maintain its original option as well, but its only adjusted to the financial changes and the billing packages. The premium package costs $12.6 per month ($0.42 per day) and will continue to work on the dedicated server type of structure-which is one masternode per server. The GIN platform fees are paid in GIN tokens, on a daily basis. Choice is one feature that is made available to the users, as every user will be able to choose their preferred product at any time. This is made possible through the availability of two buttons that is readily available on the dashboard. The two buttons are the upgrade and the downgrade button. Any decision will automatically trigger a setup process since it basically means creating a new server for your masternode. GIN has a very active community on social media, especially on Discord and Telegram. Presently, there are about 7000 members in the discord channel, 2000 on Telegram, 5000 on Twitter and other social media platforms. Most of the members of the community continuously get in touch with the developers and connect with each other on important matters. Visit the website: http://p.gincoin.io Chat on Telegram: http://t.me/gincoin Discord: http://discord.gg/xgl5TRr Twitter: http://twitter.com/gincoin_crypto Medium: http://medium.com/@gincoin Media contact Name: Adrian Grigore Email: info@ginplatform.io The post Gin Platform Introduces a New Product, The Cloud Node appeared first on ZyCrypto.

5 months ago

PR: GIN Platform Launches a New Product - the Cloud Node

Bitcoin Press Release: The GIN Platform announces its newest product - the Cloud Node, designed to further increase accessibility to masternode deployment and management. 31st October, 2018. London, UK. The GIN Platform was created with the purpose of giving everyone access to creating and managing a masternode, regardless of technical skills. Following that direction, the team introduces a new product - the Cloud Node, designed to further increase accessibility. Starting October 26th, 2018, the GIN Platform’s infrastructure core features two options: Dedicated Node and Cloud Node. Cloud Node* The price of this service is $4.5 per month ($0.15 per day)*. Its main characteristic is that masternodes launched under this option will be hosted alongside other masternodes on the same server, sharing the same IP. It was designed to support projects whose masternodes generate smaller rewards than the hosting price. *This service is not available for DASH, PIVX, ZEN, and ANON. Dedicated Node The platform will maintain its original option as well, only adjusted to the financial changes that the billing component brings about (details below). This Premium service costs $12.6 per month ($0.42 per day)* and will continue to work on a dedicated server type of structure  -  one masternode per server. GIN Platform fees are paid in GIN, on a daily basis. Every user is able to choose the preferred product at any moment. This will be made possible through the implementation of two buttons in the Dashboard: an Upgrade button, and a Downgrade one. It’s very important to mention that choosing to Upgrade or Downgrade will trigger a setup process, since it basically means creating a new server for your masternode. More details on the platform. Discounts Policy Starting November, details about volume and commitment discounts will be available. The team chose not to disclose any information on this subject. GIN Community is Engaging More and More Members GIN has a very active community on Discord and Telegram. At the moment of writing, there are over 7,000 members in the Discord channel and more than 2,000 in the Telegram one. This adds to the 5,000 followers on Twitter. The members are constantly connected to the developers, support or other team representatives. About GIN Platform GIN Platform is the first masternode deployment platform meant to be used by the mass market; its mission is to make masternode investments (and subsequently passive income generation through MNs) easily accessible to everyone, regardless of technical skill. At the moment of writing, GIN hosted almost 1.7% of all online masternodes. *All prices exclude VAT. Visit the website: https://p.gincoin.io Chat on Telegram: https://t.me/gincoin Discord: https://discord.gg/xgJ5TRr Twitter: https://twitter.com/gincoin_crypto Medium: https://medium.com/@gincoin Media Contact Name: Adrian Grigore Email: info@ginplatform.io GIN Platform is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. 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: The post PR: GIN Platform Launches a New Product - the Cloud Node appeared first on BitcoinNews.com.

5 months ago

Third Quarter Report Released By Grayscale Looks Good For Bitcoin

Grayscale Investment has published its third-quarter report for this year. The report highlights that institutional investors have made up the majority of its fund inflows in over the past three months. This suggests that smart money might be buying into cryptocurrencies in anticipation of an upcoming rally. Grayscale Investment provides investments trusts that hold digital currencies and therefore enables institutions and accredited investors to invest in digital assets through a regulated investment vehicle. Grayscale is currently offering a single asset exposure to Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, XRP, Zcash and ZEN which runs a digital asset large-cap fund that invests in a portfolio of composed of Bitcoin, XRP, Litecoin, Ethereum, Bitcoin Cash. The Grayscale Digital Asset Investment third-quarter report shows that over $80 million has flown into Grayscale’s digital currency trusts of which 70% came from institutional investors. To date, just under $330 million of new funds have gone through Grayscale’s investment products with a total of 59% coming from institutional investors. With this data, it is suggested that financial organisation are quickly opening up to the idea of investing in Bitcoin and other digital assets despite it being through a regulated investment body. The data also indicates that institutional investors who are brave enough to venture into the digital asset investing are buying Bitcoin and other cryptos are now in anticipation of a rally in the near future. What is actually being bought? There are eight single asset funds and one diversified digital asset fund that is being offered by Grayscale. Nevertheless, the majority of inflows have been into the Bitcoin Investment Trust as opposed to the companies range of altcoin funds. As reported by BTC Manager: “In the third quarter of 2018, 73 percent of new inflows went into the Bitcoin Investment Trust; Year-to-date that figure stood at 66 percent. This suggests that the majority of investors still prefer to invest in the world’s largest and most popular digital currency as opposed to its higher-risk peers from the altcoin market.” An equal number of new funds went to Bitcoin Cash, XRP and Zcash and Grayscale’s diversified digital asset fund in the last quarter while Ethereum and Litecoin didn’t receive a lot of interest from investors. What are your thoughts? Let us know what you think down below in the comments. The post Third Quarter Report Released By Grayscale Looks Good For Bitcoin appeared first on Crypto Daily™.

5 months ago

@Crypto_Condor @CryptoBiggie the zen tracker does not functi...

@Crypto_Condor @CryptoBiggie the zen tracker does not function properly on the latest node: https://t.co/KjBzogC4nU… https://t.co/izy7svafAZ

5 months ago

Privacy Coin Horizen Partners with OTC Platform Cryptospace, ZEN Rises Nearly 40%

Horizen (ZEN) has risen nearly 40% over the last 24 hours to $18.16 on trading volume of $5.7 million. Most of the trading is unfolding on Binance exchange in the ZEN/BTC trading pair. Horizen, which is a privacy-focused coin that used to be known as ZenCash, announced a partnership with Cryptospace, which is an OTC platform for buying and selling cryptocurrencies. Horizen says it’s holding meetups at Cryptospace’s lounge, while Cryptospace is adding ZEN to its OTC portfolio. The addition of Cryptospace brings the total number of Horizen's OTC partners to three, including Genesis and Netcoins. (GT)

5 months ago

Cardano Gets a Big Security Boost

IOHK’s recent announcement that Trezor is in the final stages of developing support for Cardano (ADA) provides a big boost in security for the altcoin. The fact that Cardano founder Charles Hoskinson made the announcement from his official Twitter account is also very encouraging. In addition to adding support for ADA, the hard wallet will also support Steller, XRP, Zcash, Zencash, and Monero. In spite of the positive news, Cardano continues to maintain a bearish outlook and the altcoin is now approaching its eighth day of trading in the red. Currently, ADA is down 3.60% and the price is $0.070. (RS)

5 months ago

Big Security Boost For Cardano

It has been recently announced by IOHK that Trezor is currently undergoing its final preparations to support Cardano. The globally known hardware wallet, Trezor facilitate digital currencies to be stored and they are popular for being able to store the key to the wallet safely. The firm is a big manufacturer of hardware wallets and a big boost for security for the foundations native token is surely going to please a lot of people who have invested in it. This announcement has come from Charles Hoskinson, who is the founder of Cardano, through his official Twitter account which suggests that this could be the case before next month. Trezor themselves even tweeted saying: “Have you ever wondered what we are working on? Have a look at our newly created roadmap, where you can see all the new stuff that is coming up!” This lists other tokens which will be receiving support in addition to Cardano’s ADA that day. This includes Stellar, XRP, Zcash, Zencash, Monero and so on. The founder of Cardano was recently discussing how the team is going to be providing more insightful updates. He noted that they will soon start the creation and the posting of videos with their future projects. It is very anticipated from token holders regarding the imminent 1.4 update and given the volume of users on Cardano, this is said to be an important point for the development of a new update from the foundation. This 1.4 update is expected to aid Cardano to get further traction in bringing in more users to its platform and the use of its native token. Nevertheless, seems to be kept at bay with the downside pressure still being applied. The lack of announcement from the firm could be taking its toll on the price. It is currently running within its 8th consecutive trading session in the red and no sign of a bounce as of yet. As said by Crypto Sam: “ADA/USDT price action remains stuck and dictated within this triangular pattern formation. The market bears, with the current losing streak, are set to test the key near-term support to the downside. This is seen at the lower part of the above-mentioned pattern, tracking at $0.0728 area, also within a touted demand zone.” What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Big Security Boost For Cardano appeared first on Crypto Daily™.

5 months ago

Daily Cryptocurrency News - 24th October 2018

Here are the most important cryptocurrency news of October 24: Coinbase and Circle Just Announced the Official Launch of USDC, a Digital Dollar Source: Bitcoin Exchange Guide Coinbase and Circle have recently announced the launch of USDC, a new digital dollar. According to Coinbase’s blog post, this new USDC stablecoin is fully collateralized by US dollars and supported by Coinbase and Circle as co-founding members of the CENTRE Consortium. Starting from this date, users in supported jurisdictions can now buy, sell and receive the new USDC stable coin. The stablecoin will be fully available at Coinbase.com and in the Coinbase Android and IOS apps. This announcement is exciting, as this is the first time Coinbase supports a stablecoin. Unlike Bitcoin or Ether, a USDC is meant to represent a single US dollar (USD) that does not move up or down relative to its reference currency. One USDC is a 1:1 representation of a US dollar on the Ethereum blockchain. However, stablecoins need to be regulated more tightly. Circle, Coinbase, and more companies have created the CENTRE consortium. CENTRE will be the place where they will define the policies around stablecoins. For instance, if you want to handle stablecoins on your exchange, you need to send regular audited reports. You do this to prove that you have as many USD sitting on a bank account as issued tokens. USDC will be coming to Coinbase Pro in the upcoming weeks, and it is already available on the Coinbase Wallet, a user-controlled wallet where people can store ERC20 tokens. You can learn more about USDC and stablecoins in this video. HTC has Just Announced their First Blockchain Phone, Exodus; It Can Only Be Purchased with Crypto Global consumer tech giant HTC is finally launching its first blockchain enabled phone, Exodus 1. The early access version of the phone will be available for preorder and people can buy it with crypto, according to the company. According to the HTC Exodus website, the Exodus 1 will be available to customers from many countries, including: United States Hong Kong Singapore New Zealand United Kingdom And nearly 30 countries more. Features The Exodus 1 comes with a secure enclave. The secure enclave is a secluded area on the phone’s chip kept separate from the Android operating system (OS) it runs on. It uses technology made by SoftBank’s Arm Holdings to keep a customer’s cryptocurrency safe. Chen, HTC’s decentralized chief officer, talked about this and said that the benefit of keeping this area from the phone separated from Android was that Google’s OS is “fundamentally insecure with a centralized system,” and therefore storing cryptocurrency using Android would make a user’s funds more vulnerable to a hack. He also said that integrating blockchain technology to mobile phone adds a new level of security and privacy of a user’s assets. He also noted this will help in the future with protecting a customer’s data and identity. Chen told CoinDesk that the company hopes to get feedback from the blockchain community about the early-access version in order to improve upon the device. Phil Chen said by email: “The goal is to start with the blockchain community and get their assistance in making our wallet and the technology even more secure, in essence testing it out and providing feedback and suggestions [and] solutions.” He also added: “Recent figures show that there are around 35 million wallets out there at the moment. The HTC EXODUS 1 is about getting the consumer used to owning their own keys and going from there to develop the EXODUS into a device that can be for the broader market.” Specifications Besides its blockchain features, the Exodus 1 also includes: A 16-megapixel dual main camera and an 8MP dual front camera with 4K video. A six-inch display with quad-HD+ resolution. A Qualcomm Snapdragon 845 processor. Six gigabytes of RAM and 128GB of storage For more information about the phone and pre-ordering, you can go to their website here. New Protocol is Going to Make Transfers between Bitcoin and Ethereum Blockchains Possible Source: Mashable A new protocol will enable users to do cross-chain transactions. This means that users will be able to transfer value between Bitcoin and Ethereum. The Open Federated Gateway Protocol, a new open-source technology will make this possible. iBitcome and DEx.top, are the developers of this protocol. The first federated blockchain to be built using this protocol is launching on Wednesday, Oct. 24. Named Mallow, it has a block explorer which enables users to examine the flow of assets and check up on transactions in any moment. The company iBitcome noted that trading between Bitcoin and Ethereum will be possible thanks to creating the new token WBCH. The value of this new cryptocurrency will be equal to 1 Bitcoin Cash, (which equals $444 at the writing of this article.) The team behind the new cryptocurrency plans to support other public blockchains in the near future. iBitcome emphasized

5 months ago

Trezor Announces Support For Cardano, Stellar, EOS, And More In Upcoming Update

Trezor, the manufacturer of hardware wallets Trezor One and Trezor Model T has announced support for multiple new cryptocurrencies in an upcoming firmware update scheduled for 29th October 2018. Trezor One will add support for Stellar, Lisk, and ZCash Sapling, while Trezor Model T will add Monero, Cardano, Stellar, Ripple, Tezos, Decred, Groestlcoin, Zencash, and ZCash sapling. An unscheduled update after this will also bring support for EOS, Tron, and Ontology. (VS)

5 months ago

Cardano [ADA] receives support from the Trezor hardware wallet along with other cryptocurrencies

On 23rd October, the science technology and engineering firm headed by Charles Hoskinson, Input-Output made a Twitter announcement where the company wrote that the Trezor hardware wallet will be supporting the ADA token. The support was stated to be commenced sometime late in October. The original Tweet posted by IOHK read: “Cardano $ADA support on @Trezor hardware wallet coming late October “ IOHK also posted the list of all the tokens that have gained the support of the Trezor hardware wallet. Some of the big coins listed on the chart were Monero [XMR], Stellar [XLM], XRP, Zencash [ZEN], Zcash [ZEC]. Input-Output’s recent tweet | Source: Twitter Trezor hardware wallet is not alone in adding support to the 9th largest cryptocurrency in the world. Of late, the ADA token has seen much adoption by several exchanges. Recently, the IOHK Chief Charles Hoskinson also spoke about the ecosystem, stating its future plans to develop Cardano further. Here, Hoskinson stated that the team is going to start making and posting videos on several sub-projects under the Cardano protocol, such as its Shelley phase. Furthermore, the Cardano ecosystem is known for crossing its deadlines in the launch of upgrades and suchlike. Here, Hoskinson acknowledged that the team has paced up significantly wherein the Cardano version 1.4 might even see an earlier victory in terms of QA testing than scheduled. Meanwhile, he mentioned that the 1.3 upgrade is on its way and to be released soon. A Twitter handle named [CRYPTO] Power to the people‏, who is an apparent follower of the blockchain and cryptocurrency space on the ADA-Trezor news commented: “Do you have any deadline on support for other hardware wallets?” Another query by Said Rahmi, a crypto-enthusiast was also put forth under the comments where the user wrote: “Will it be interfaced with Daedalus?” The post Cardano [ADA] receives support from the Trezor hardware wallet along with other cryptocurrencies appeared first on AMBCrypto.

5 months ago

Why Ethereum Classic (ETC) Bears Are Playing With Fire

Chart for ETCUSDShorts (1W) The whole cryptocurrency market is exploding. Bitcoin (BTC) shorts saw a 20% decline. The same goes for Ethereum (ETH) which declined more than 20%. Ripple (XRP) shorts declined around 18%. Ethereum Classic (ETC) shorts climbed 20%! What?! Even though the price of Ethereum Classic (ETC) climbed above $10 with a 8% growth, the number of shorts climbed even higher. Why is Ethereum Classic (ETC) behaving differently than the rest of the market? Why is somebody trying so hard to keep the price of Ethereum Classic (ETC) down? Let us take a moment to examine why. Ethereum Classic (ETC) is a cryptocurrency that went from a dead coin to a hidden gem of a coin. What does this mean? It means that a lot of big players now want this cryptocurrency. However, this is not Bitcoin (BTC) or Ethereum (ETH) or even Ripple (XRP). You cannot buy significant quantities of Ethereum Classic (ETC) over the counter. Of course, the whales are not going to buy on exchanges, not just yet. So, in the absence of a large number of sellers, they have to keep the price down till they are done buying. An early Ethereum Classic (ETC) investor, Tai Zen said a few years back that some large institutions are accumulating Ethereum Classic (ETC) for long term. He went on to say that it was not clear to him what the purpose of this accumulation was, but that these institutions see future potential in cryptocurrency. Chart for ETC/USD (1W) Smart money has been accumulating Ethereum Classic (ETC) when most people in the crypto community considered it a scam. Most of us realize now why they were doing that. When I first came to know that Grayscale was holding way more Ethereum Classic (ETC) than Ethereum (ETH), I was pretty surprised. I knew Ethereum Classic (ETC) was an immutable and decentralized blockchain but most investors don’t care about principles. They invest in anything that can turn in a sizeable profit in the long run. We have seen this happen in the case of countless projects and ICOs in the past. Anyway, when I realized what the ETC Dev Team was up to and what their vision was, I knew there was something special about this project. Chart for ETC/BTC (1W) Of course, the team made good on their promise of immutability and decentralization. While most people in this space are focused on shiny Dapps and ‘cool graphics’, Ethereum Classic (ETC) has remained focused on the fine print, perfecting their creation. However, we still see a large number of people attacking this project. The whales or the smart money that is accumulating is not going to stop them from doing that. They are going to allow them to push the sentiment down as low as possible so they can buy at lower prices. In addition to that, we see a large number of people shorting Ethereum Classic (ETC) even at current prices! As ludicrous as it sounds, this is a reality visible in the form of the large number of short orders on exchanges like Bitfinex and Bitmex. The real whales definitely have a game plan for doing this, but for the retail trader posing as a whale, it never ends well. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Why Ethereum Classic (ETC) Bears Are Playing With Fire appeared first on Crypto Daily™.

5 months ago

Horizen (ZEN) (Formerly ZenCash) Releases Updates on Cryptocurrency Project

Horizen (ZEN) team, which describes itself as a “privacy-oriented crypto and leading-edge tech platform, has performed an all-encompassing video update as well as a new whitepaper that details the startup's sidechain model. During the live stream, Central European Manager Arno Pfefferling updated the community on ZenChat. ZenChat is a dApp being built to be used by legal organizations a communication tool. (VK)

5 months ago

Horizen Comes Up with a Solution to Prevent 51% Hacks

After experiencing a 51% hack, Horizen, (previously Zen Cash) has suggested a method to stop 51% attacks in cryptocurrencies. Although the solution does not fix all problems, it is efficient, especially for digital currencies with large amounts of hashing power. Written by Alberto Garoffolo, Pier Stabili, Robert Viglione, and Uri Stav, the suggestion is named ‘Proposal to Modify Satoshi Consensus to Enhance Protection Against 51% Attacks – A Penalty System for Delayed Block Submission.’ The proposal’s idea is to discourage private mining by annexing a fee onto any delayed block. (KE)

5 months ago

The rise of the silent meeting

Everyone appreciates silence—in theory. Poets and philosophers have paid tribute to its depth and resonance for centuries, allowing silence to stand in for God or the mystery of life itself. Most of us, however, find silence between people to be awkward and anxiety-provoking, particularly in a professional setting. So at work meetings, it’s usually all talk—sometimes painfully so. But a handful of well-known companies have adopted, and adapted, the idea of the silent meeting, gathering around the real or virtual conference table and saying nothing while getting things done. So how does this work, exactly? Jeff Bezos likes his meetings quiet Amazon CEO Jeff Bezos may be the originator of the silent meeting. When he gathers his senior executive team, everyone sits and reads a multi-page memo, scribbling notes in the margins, for about 30 minutes before they begin to speak. The memo is part of a quest to save time, since forcing someone to write a memo means they’ll have to distill their thesis, gather all the relevant data, and touch on counter-arguments. But it also cuts down on theatrics and bluster. Without having that time to read, Bezos once explained, you’re asking for people to bluff, like high school kids who didn’t do the homework. Eventually, when the speaking begins, what’s left to say ought to be only the essential. The silence at Square Silent meetings are also in practice at the payments company Square, where Alyssa Henry, product manager and VP of seller-facing products, has tailored the practice for her purposes, forgoing paper and pens in favor of laptops and Google Docs. A recent Medium blog post by Pierre-Yves Ricau, a software engineer at Square, suggests it takes some getting used to. “Picture this: a room full of senior Square leads, gathered for an important review meeting,” he writes. “Everyone is looking at their computer, in complete silence, interrupted by bursts of clickety clack. 30 minutes later, the conversation starts...” Henry had written a persuasive defense of her silent meetings, which she allowed Ricau to post online. She states: Lots of research says that minorities, women, remote employees, and introverts are talked over in meetings and/or have trouble getting their voice heard in traditional meeting culture. It sucks not only for the people that are disempowered by the traditional approach, but it sucks for those that unintentionally talk over/shut down conversation, and sucks for leaders that want to hear the best ideas but can’t because folks are being shut down — usually unintentionally. Her method works for anyone who can sign into the doc from anywhere, not just those in the room. The noble objective she writes, is to create a culture where “it’s not the loudest voice heard, or the most politically adept, or the most local to SF, but the most right.” Another benefit of the silent method: It minimizes repetition, or at least it should. When everyone is working on the same document, you can’t miss that someone has already made the same comment or asked the same question that’s occurred to you. Plus, you’ll leave the meeting with a record of what was, and by whom. Whatever the reason, Square founder and CEO Jack Dorsey is clearly a fan. This works! https://t.co/XdEvj1l9EW — jack (@jack) October 5, 2018 Quiet’s cognitive surplus Two silent meeting advocates from the nonprofit Post Growth Institute once wrote about their version of the system, calling it an “incredibly productive, flexible and democratic means of virtual collaboration.” Instead of paper or Google docs, they used “Silent Skype,” logging into Skype accounts but only using the chat function. (This was 2012, when better options for chat software were pretty much nonexistent.) “In contrast to video conferencing, silent Skype allows us to continually leverage the cognitive surplus of our group,” they wrote. “Participants have the ability to reflect on what’s being shared without the distraction of someone speaking and the constant need to actively listen. In typed meetings, there is also no need to toggle between video and chat when someone sends a file or link.” At their silent meetings, participants would type phrases like “action item” or “key resolution,” in capital letters (the online equivalent of yelling), beside any significant note. Later, a keyword search would help the team find those crucial comments again within the meeting transcript, which also worked as minutes. At Quartz we use Slack, the group messaging app, so we’re arguably holding a silent, usually asynchronous meeting—with people wandering in and out of various rooms, or channels—all day. And yet we wouldn’t want silence to descend on every meeting. While the zen of a quiet gathering has its appeal, we’re already spending an inordinate amount of time outside of meetings looking at screens and typing into chat boxes, allowing our verbal social skills to shrivel. Indeed, we may one day need a retronym for speaking out loud.

5 months ago

The Daily: Circle Launches New Research Portal and Trading Apps

Some editions of The Daily are so overflowing with news there simply isn’t time for a cleverly worded introduction. So without further ado, here’s what’s coming up in this installment: Circle has launched a string of new initiatives, including a research portal and the Poloniex mobile app, Roger Ver’s comments about a BCH-powered Bitcoin.com crypto exchange have been doing the rounds, the International Monetary Fund (IMF) is talking gloomily about cryptocurrency (again) and two masternode projects have major developments to share. Let’s do this. Also read: Korean Crypto Exchange Sued for Controversial Token Schemes Circle Launches Research Portal and Enhanced Poloniex Apps On Tuesday, Circle revealed a slew of initiatives it’s been working on. The payment processor-turned-cryptocurrency incubator has launched Circle Research, a service dedicated to original analysis on all things crypto. In this respect they’re following the lead of Bitmex, whose research offshoot has proven to be hugely influential. “In crypto markets, reliable information is difficult to come by,” explained Circle in a blog post. “We at Circle Research want to provide you with the right information so you don’t have to put in the hours of legwork of separating fact from fiction ... Our easily readable yet in-depth primers outline key details, features, risks, and challenges associated with individual crypto assets.” The quality of research within the crypto space has improved significantly within the last 12 months, much of it delivered in the form of email newsletters. Diar’s weekly dispatches have become essential reading for many cryptocurrency enthusiasts. Last week, their head analyst, Larry Cermak, left to take up a similar position at The Block. The new Poloniex mobile app. On Tuesday, Circle also shared details of new mobile iOS and Android mobile apps for the Poloniex exchange. The improved app “includes a better mobile-based identity, verification and login process” and is available in nine languages. In the same update, Circle shared some of the progress it’s made since taking over at Poloniex. This includes reducing the backlog of support tickets by 97%, freeing $12 million in trapped funds and returning them to customer wallets. Roger Ver’s Exchange Proposal Attracts Attention In other exchange news, Bitcoin.com CEO Roger Ver’s idea of launching a BCH-powered platform has attracted comment. Bloomberg shared extracts from an interview Ver gave while in Malta mulling the possible options for such a venture, with bitcoin cash as the base currency. Other media outlets have also picked up on the story, noting the bitcoin evangelist’s intention of driving traffic via the high number of cryptocurrency enthusiasts who frequent Bitcoin.com. A number of exchanges offer BCH trading pairs, though to date Voltaire.cash is the only one to use bitcoin cash as its base currency by default. Remme and Horizen Implement Major Upgrades Remme and Horizen are two separate cryptocurrency projects that share one thing in common: masternodes. Both have announced major initiatives this week, led by distributed public key infrastructure (PKI) protocol Remme, which has started accepting applications for it masternode program. Masternodes will provide consistency and fault tolerance on Remme’s custom public blockchain, as well as signing transactions for certificate issuance and revocation. Remme aims to steer businesses away from using passwords in favor of PKI certificates. Their quest has been significantly aided by scare stories about weak passwords regularly appearing in the mainstream media. Fewer passwords. More PKI. https://t.co/WbDM1VXvxY — Preston Byrne (@prestonjbyrne) October 10, 2018 Horizen, meanwhile, will be deprecating its old software today, Oct. 10, and has urged miners, node operators, exchanges and swing wallet users to upgrade now. The main change introduced is an update to the bitcoin core consensus algorithm that the Proof-of-Work cryptocurrency had been using. Horizen, then operating under the name of Zencash, was 51% attacked earlier this year and the new consensus change has been designed to prevent a repeat incident. IMF Issues Stark Warnings Over Cryptocurrency The IMF is known for its adversarial stance to cryptocurrencies. This is to be expected on account of it being deeply embedded with world banks and the legacy financial system they control. The IMF remains an influential organization, however, and its latest World Economic Outlook report, published on Tuesday, contains stern comments on crypto: Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services. Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system. It is unclear how cryptocurrencies would create any sort of systemic risk, unless legacy fina

5 months ago

Hacked Crypto Horizen Claims To Have Solution For 51% Attacks

Formally known as Zencash, Horizen lost more than $500,000 in a 51% attack early this year. The company now claims to have a solution to prevent these attacks. By adding "delay function" to its proof-of-work consensus algorithm, it would penalize miners that could be preparing for such an attack. The penalty comes into effect when a miner broadcasts a block long time after the latest block. It increases the amount of blocks the miner needs to produce in order to have transactions accepted onto the chain, reducing the risk of another 51% attack. Horizen (ZEN) is currently priced at $15.66, losing 0.76% in the last 24 hours. (VS)

5 months ago

Bitcoin: Not For The Faint-Hearted Even When It Seems So Hated - Bitcoin USD (Cryptocurrency:BTC-USD)

Crypto-Currencies: 2018 - a Year to Forget Every major crypto coin (COIN) - Bitcoin (BTC-USD), Bitcoin cash (BCH-USD), Ethereum (ETH-USD), Ethereum Classic (ETC-USD), Litecoin (LTC-USD), XRP (XRP-USD), ZCash (ZEC-USD), ZenCash (ZEN-USD) - is down in 2018 with an average decline of 74%. Currencies: 2018 - a Year to Forget Nonetheless, cryptocurrencies can fit in smoothly...

6 months ago

CryptoKitties explained: Why players have bred over a million blockchain felines

CryptoKitties hit a milestone recently as players have bred more than a million unique virtual kitties in a demonstration of the usefulness or maybe silliness of blockchain technology. Blockchain, which is the foundation for cryptocurrencies like Bitcoin, is a secure and transparent ledger that runs on decentralized networks. It enabled Axiom Zen, which spun out Dapper...

6 months ago

Less Than 1 Percent of Subscribers Use PornHub’s Cryptocurrency Payment Option

While Pornhub may have generated a lot of excitement as one of the first adult entertainment companies to accept cryptocurrencies, their subscribers do not share the same level of enthusiasm. Hard Fork reported on September 28, 2018, that despite offering multiple cryptocurrency payment options such as Verge (XVG), Tron (TRX), and Horizen/ZenCash (ZEN), less than 1 percent of users opt...The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News...

6 months ago

Pornhub Subscribers Soft On Paying with Cryptocurrencies

Pornhub disclosed that “less than 1 percent of purchases [are] made” on the adult website with supported cryptocurrencies. The site started with the option to pay with Verge (XVG) in April 2018, as CCN reported. Pornhub then opened support for Tron and ZenCash (which has since been renamed to Horizen) in June. No other cryptocurrencies...

6 months ago

Less than 1% of PornHub Subscribers Pay with Cryptocurrency

A recent report from The Next Web reports that an email by the adult entertainment provider says that less than 1% of subscriptions were paid for with cryptocurrency. Last year Pornhub averaged roughly 81 million visitors per-day and the business claims that more than 28.5 billion visitors have enjoyed the platform. In spite of the 1% figure, Pornhub said, “We expect to see widespread adoption of crypto and blockchain on our site in the near future.” Currently Pornhub accepts Verge, Tron and Horizen (formerly known as zencash). (RS)

6 months ago

Horizen (ZEN) Listed on Netcoins Cryptocurrency Exchange

Netcoins Holdings Inc. has announced the listing of Horizen (ZEN) on its platform. The exchange further announced that the coins were available for immediate trading. ZEN, previously known as ZenCash, is a privacy-focused digital currency launched in 2017. The exchange has over 21,000 retail locations spread across Canada, Europe and Australia. ZEN becomes the 12th coin to be listed by the exchange. (SK)

6 months ago

Horizen (ZEN) Launches Enhanced Satoshi Consensus Algorithm to Prevent 51% Attacks

Horizen (ZEN), the digital asset and technology platform formerly known as Zencash, recently announced on their Twitter feed that they have improved the original Satoshi Consensus algorithm in an effort to help prevent the network from 51% attacks. The new consensus has created a penalty mechanism that would penalize malicious parties attempting to attack the ecosystem, and is available for testing on the platform’s public testnet. The ZEN network suffered from a 51% attack earlier in the year, prompting the rebrand to Horizen, along with this upgrade to the consensus algorithm. (JF)

7 months ago

Horizen Surges by 14.33% Following Grayscale Investment of $6.3 M

On Sept 5th, Grayscale purchased about 400,000 ZEN tokens, approximately $6.3 M for creating a Grayscale ZEN fund. Such investment vehicles have been employed by ZCash, XRP, ETC, BTC, and BCH. This investment from Grayscale impacted positively on ZEN's price. Following the investment, it surged by 14.33% to trade at $18.04 as other coins struggled to recover from yesterday's sell-off. This investment saw Grayscale buy seven percent of the total ZEN tokens. (KE)

7 months ago

Grayscale Makes Multi-Million Dollar Bet on Cryptocurrency ZEN

Grayscale Investments, well known in the cryptocurrency community for its Bitcoin Investment Trust (GBTC), recently announced that it is making a $6.3 million investment in the cryptocurrency Horizen (ZEN). This investment marks the creation of a new fund that focuses primarily on Horizen, the small platform that hosts the ZEn cryptocurrency, which is a privacy-focused crypto with unique features like censorship-resistant publishing, the generation of universal basic income through personal data ownership, and a platform to build privacy application on. (JF)

7 months ago

Digital Asset Custody Company Expands with Support for Zcash (ZEC)

Institutional investors have one more reason to hold Zcash (ZEC). Digital Asset Custody Company (DACC), which secures digital assets for institutional investors, has added support for privacy coin Zcash. The addition of Zcash and also Horizen (ZEN) brings the tally of digital assets supported on this custody platform to nearly 100. Institutional investors are largely waiting on the sidelines of the crypto market until there are sufficient custody solutions, regulation and a bitcoin ETF. Separately, Coinbase exchange is reportedly pursuing a bitcoin ETF of its own and has turned to BlackRock, the world’s largest asset manager, for advice. (GT)

7 months ago

Crypto Twitter News | ZenCash Super Nodes, Coinbase Index, Monero Guy

Meltem Demirors, Crypto Twitter Goddess and “teaching @MIT & @UniofOxford” tweeted recently: Of course, the Crypto Twitter beauty was being sarcastic...well, hopefully. Nevertheless, she does bring up some interesting points. One being those “deeply irritating” personalities we come across quite frequently on social media. Riccardo Spagni, member of the Monero Core team, can be a bit irritating at times, as he almost always tries to draw attention to himself. Here’s what he tweeted almost 24 hours ago: While it’s probably not very nice to call someone fat and a piece of shit, it’s usually best to ignore and block such people. You can easily do that on Crypto Twitter, by the way. And also, no need to draw more attention to their bullying as Riccardo is doing here. To further prove my point that the Monero guy is seeking attention at all costs, here’s another silly Crypto Twitter tweet from him: So, here Riccardo is ecstatic simply because someone spelled his last name correctly and he has to retweet the person who did that. Talk about being self-absorbed. You know people, life exists outside your own little world as well, and it’s usually a much more accurate reflection of the objective reality most of us sane folks live in. Now, let’s cover some more interesting and meaningful topics for the day from Crypto Twitter. ZenCash, a semi-promising crypto platform that has managed to receive praise from the Digital Currency Group, has come out with Super Nodes - as promised three months ago. Might want to check that out. In more Crypto Twitter news, cryptocurrency exchange Coinbase has launched its crypto index via an iOS widget. The San Francisco based exchange continues to move forward with its new products, despite numerous reports of bad customer service and 124 pages of customer complaints filed to US Securities and Exchange Commission (SEC) - with some alleging that the crypto trading platform had been “stealing” user funds and even “acting criminally.” In even more Crypto Twitter news, although somewhat late in tweeting about it - Altcoin market researcher Kristen Vanderlinde notes the new Bitcoin ETF application sent to the SEC. Experts are of the view that this time, the federal regulator will likely approve this application, considering it recently ruled that Bitcoin (BTC), Ethereum (ETH), and most other cryptocurrencies are not securities due to their decentralized nature. Well, that’s a rap for the short but sweet Crypto Twitter Roundup, exclusively here at Crypto Core Media. Hope you enjoyed and please do leave comments regarding what you’d like us to cover next! The post Crypto Twitter News | ZenCash Super Nodes, Coinbase Index, Monero Guy appeared first on Crypto Core Media....

8 months ago

An Open Letter to the Zcoin Team

-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA256 An Open Letter to the Zcoin Team, July 2 Dear Zcoin Team, This letter is coming from various investors who have a non trivial stake in the currency. We all love Zcoin and want the coin to succeed. With that said, we would like to point out some issues we have all noticed. We are not concerned with short term price increase and we don’t want to FUD; we would rather see this project thrives in ten years. Generally, we think there needs to be more transparency, better accountability, and increased focus and organization. Block Reward, Founders Reward, Seed Investors Reward There needs to be more transparency with Zcoin block reward. With such a high inflation rate, it is important funds are being allocated correctly to grow the project. Every day roughly 144 blocks are mined. 432 XZC to the team wallet, 432 XZC to seed investors, and 144 XZC to founder Poramin Insom. Per month and converted to USD at a spot price of $15.15, this results in $196.344 USD per month to the team wallet, $196.344 USD per month to the seed investors, and $65.448 USD per month to Poramin. If price of Zcoin was $30 USD, all of these numbers would be doubled. Also, this does not take into the account Znode earnings for team/founder wallets, which could even more amplify these numbers. Questions Who are the seed investors? Who controls the seed investor address private keys? A interview with each seed investor and their contributions to the project would be great. How much did the seed investors originally contribute to Zcoin? Why are seed investors getting rewards, why not revinest these rewards and grow the project? Is there Zcoin nonprofit foundation? How much money is in the ZCoin bank account? What is current burn rate? What is key stakeholders salary? Reuben? Full Time Commitment to Project In order to succeed, we feel that key persons working on Zcoin must be focused on Zcoin full time. If there are founder rewards and dev rewards, those people need to be fully focused on Zcoin. Below are some examples that show other endeavours key members are involved in: Reuben Yap, COO Zcoin cofounder of BolehVPN Sdn Bhd, and owns 40% of PDABase(https://twitter.com/reubenyap/status/999062631993434112) Poramin Insom, Zcoin Founder TDAX Satang CEO, exchange in Thailand Sandra Yap, Director of Partnerships and Media Founder of Media company Fomo Media Other privacy focused projets like Zcash or ZenCash have teams of fully focused individuals. There are many other devs listed on the main website, but browsing through the codebase it is unclear who is actually full time. Questions Why is Poramin receiving a founders reward when he is working part time on Zcoin? Why Poramin does not have a social media presence or take more leadership of the project? Who is working full time on the project? Which devs are working full time on the project? Codebase Transparency There needs to be more public development of Zcoin on github. We have seen in telegram chat that there is a private codebase repository so that projects do not steal code. If that is a true concern, then there are bigger issues with Zcoins confidence in execution. Blockchain technologies are open source, there is a greater benefit to being transparent about development instead of worrying about projects forking the codebase. Question Which devs are actively working on the main codebase? Where is the new wallet GUI codebase? Better Project Management/Organization/Prioritization Reuben, we love you, but cannot possibly manage everything yourself. It’s fine if you want to be the face of Zcoin, but there needs to be more structure and if you are accepting dev/founders rewards, there needs to be some more accountability. Other projects have detailed roadmaps, weekly updates and Q&A. The telegram chatter is good, but we need more structure. The month is now July and there is not any marketing initiatives. We realize the initial marketing engagement did not work out, but it should not take three months to find out if marketing company is not working. Questions Is anyone project managing all the tasks, events, conferences? Besides a recently published roadmap, is there a more detailed internal roadmap? Are there any Zcoin offices? Is there a place where more than one Zcoin employees work together? Is there a scheduled weekly team meeting? Why Trezor andLedger integration not highly prioritized over anything else? Why did a community member have to take initiative and do most of the work for this? Who is coordinating and managing devs and programming projects? Final Thoughts If this project is going to be run in a completely decentralized fashion that is fine. A governance structure similar to DASH would be suitable. The community could vote on funding the core Zcoin team in addition to other projects. The projects proposed by DASH are well thought out, have a fixed budget, and timeline with deliverables. Many of these projects ...

9 months ago


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