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Bitcoin Cash (BCH) developers James Cramer, Attila Aros and Hapticpilot have announced the launch of a working product called Bitcoinfiles.com, a platform that allows people to upload and download files tied to the BCH blockchain. Currently, the files allowed have to be small and the service only allows 5kb or less per upload. The programmers have added a $0.25 fee in order to process a BCH file upload. Downloading a file doesnt cost anything and you can share the files URL with anyone you like.
Mercado Bitcoin, Brazils largest cryptocurrency exchange by trading volume, recently fired at least 20 employees amid restructuring efforts being made to focus on professionalization, better governance and more agility in customer service. Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it was horrible Continued
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This is a paid sponsorship by: - Patriot Charger - Patriot Charger.com, 1-866-566-8930 Good evening, Im still reporting on: LinkedIn Founder Pouring Millions Into Mob Races?, 2415 Synopsis: SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Patriot Charger - Patriot Charger.com, 1-866-566-8930 -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/7taNI2ZdsFg
This is a paid sponsorship by: - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell Good evening, Im still reporting on: Clinton May Run Again, 2414 Synopsis: SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Patriot Charger - Patriot Charger.com, 1-866-566-8930 -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/WZrYjykFXfE
Crypto markets are mostly green, with Bitcoin holding just below $6,500 and most major coins seeing little change, capped within a 2 percent range
A Canadian bitcoin ATM firm which was sued by a victim of fraud can finally breathe a sigh of relief after a judge ruled that the firm was not liable for the losses incurred. The victim, a woman whose name was withheld, had sued Instacoin ATM Canada to get back the C$62,500 she sent using Continued
The post Bitcoin ATM Firm Not Liable for Scam Victims Losses: Canadian Judge appeared first on CCN
Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the countrys central bank. Indians are warming up to P2P in amazing ways, the CEO of a local crypto exchange told news.Bitcoin.com. Several other exchanges competing in the same space are seeing similar responses from their users.
Indian cryptocurrency exchanges that offer P2P services are experiencing rapid growth in trading volumes despite the cryptocurrency banking ban by the countrys central bank, the Reserve Bank of India (RBI).
The CEO of Indian crypto exchange Wazirx, Nischal Shetty, told news.Bitcoin.com that In a bear market with no banking, Indians are warming up to P2...
Despite the many amazing use cases for public and private blockchain networks, theres no way around the fact that the word blockchain has been misused, misunderstood, and hyped into a state of near-meaninglessness in the last few years. Money-hungry ICOs have jumped on the chance to put everything from celebrities to board games on the blockchain, Continued
The post The Onion Released a Guide to Blockchain, and Its Hilarious appeared first on CCN
A Japanese consortium is to research the use of blockchain technology to determine the price of surplus electricity generated by photovoltaic power generation, and a new system capable of direct trading.
A partnership between the University of Tokyo, IT company Japan Unisys, electric utility Kansai Electric Power, and Mitsubishi UFJ Bank, the largest in Japan, will study the viability of a dedicated platform powered by blockchain that manages direct trading of electricity.
The research addresses the widespread use of renewable energy such as solar power generation, which is leading to a change of the current power supply system from a conventional large-scale intensive type to a self-sustained distributed type.
Researchers estimate that in the future electricity will be directly traded through a dedicated platform.
As distributed ledger technology spreads in the financial sector and other industries, including energy management, the Japanese consortium will test a blockchain powered platform to test how well it determines the purchase price between electric consumers and consumers. For instance, a production consumer who uses the electricity generated by himself and sells the surplus.
The study will use the surplus electricity generated with solar power equipment at consumers houses to determine prices, conduct simulated transactions with blockchain technology, and send power to multiple consumers, according to the announcement.
Through this empirical research, we will acquire knowledge on power direct transactions using blockchain technology, and will continue to provide more practical empirical research, such as verification at home and collaboration with financial institutions. We will contribute to the realization of a society to utilize in a sustainable manner.
The distributed system will be developed by Japan Unisys with Mitsubishi UFJ Bank (MUFG) advising on the use of blockchain on settlement and transactions.
The utility company will create the demonstration system at the same experiment center, and the University of Tokyo is in charge of the research and findings.
MUFG is highly involved with the tech...
Bitfinex brought back fiat deposits, but users are still reporting delays in processing transactions. Do the rumors of the exchanges insolvency have something to do with its suspended banking partner relations and the sale of USDT?
Its been a week for stablecoin stories in the crypto sphere, and while wed like to have started the weekend on a different tack, Huobis effort was too intriguing not to share. Well also detail the latest cryptocurrency lending options in Saturdays edition of The Daily and consider a topical Halloween costume for bitcoiners.
Stablecoin mania is spreading, and now its starting to get meta. Huobi, the worlds second-largest exchange by trading volume, has announced the launch of HUSD. This isnt technically a stablecoin though: its an integrated solution that contains multiple stablecoins. The aim is to save traders from having to choose between multiple pegged coins. Many exchanges, Huobi included, now list numerous stablecoins which are often paired against one another.
Huobi explained: When you deposit any kind of stablecoins,...
There are many different paths to choose from, to improve cryptocurrency usability. Lately, Ive been focused on project tokenomics as I have a feeling that better rewards distribution is the way forward. For instance, traditional exchanges do not provide enough rewards to users; a few exceptions are Binance, Coss, or ABCC. I especially like the last one Continued
The post Opinion: Can AI Tools Improve Cryptocurrency Adoption? appeared first on CCN
Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds largest dedicated independent chipmaker, has predicted a drop in demand from the cryptocurrency mining community in the fourth quarter this year. The growth target of 7 to 9 percent was slashed to 6.5 percent partly due to the demand dynamics of bitcoin miners.
C. C. Wei, Chief Executive Officer and Vice Chairman of TSMC told investors at the companys third quarter 2018 earnings conference that business growth would be offset by continued weakness in cryptocurrency mining demand.
Moving into fourth quarter, despite the current market uncertainties, our business will benefit from the continuous steep ramp of
7-nanometer for several high-end smartphones as well as the demand for 16/12-nanometer for the launches of new-generation GPU and
AI. However, this growth will be partially offset by continued weakness in cryptocurrency mining demand and inventory management by
The company forecasts growth between 5 and 7 percent for the overall semiconductor market excluding memory, while foundry is expected to grow between 6% and 7%. Weakening demand from cryptocurrency miners has forced the firm to adjust the growth estimate to 6.5 percent in U.S. dollar terms, according to the chief executive.
However, our business is also negatively impacted by further weakening of cryptocurrency mining demand. As a result, we estimate our 2018 growth rate will be about 6.5% in U.S. dollar term, which is close to the foundry industrys growth but slightly below our 7% to 9% guidance given in the last conference.
The downshift in mining profits is the main responsible for the companys revision of its full-year sales target, citing uncertainty in the cryptocurrency market as its reason. In April, the Taiwan Semiconductor Manufacturing Company lowered its 2018 revenue guidance to 10% growth from 10-15%, estimating that about 10% of the Asian chipmakers revenue depends on cryptocurrency mining demand.
Omni, the online item rental and storage management startup, is now allowing its users to get paid in Ripple, capitalizing off of the cryptocurrency boom. The addition of the XRP payment method comes after the startup raised $25 million in XRP this past January.
The company will be paying users out of their own stash of XRP, which is worth significantly less than it was in January, but users will still have the option to cash out in USD if they arent interested in the volatility of cryptocurrency.
Omnis founder and CEO, Tom McLeod, spoke to TechCrunch about the companys latest move, confidently expressing that all companies should have a crypto strategy in order to prepare for the future.
I think any company scaling today has to have a crypto strategy. This is the start of ours, he said.
Omni originally began as an item storage solution that is significantly more efficient and cost effective than traditional storage methods, like renting a storage unit. When a user has an item that they need stored, Omni sends a representative to pick up, photograph, and transport the item to a large storage facility, which proves to be significantly cheaper than renting an entire storage unit for one item.
Once a user needs the item (or items) back, they can request to have them delivered to their residence within a few hours of sending the request, 24/7. The service has since added another, more profitable, feature, called Marketplace, that allows users to rent out their unused items while generating side income.
Omni is now requiring users to itemize the unused items that they are looking to rent, rather than grouping them in one container for Omni to take. Users looking to offload and rent out items grouped in a suitcase or a large container now must pay double the storage fee, while collecting the same rental profits from the items in the container.
Marketplace is driving Omni growth, and has always been the core of the long-term vision. Closed containers dont grow the business, but move almost as much. Were basically the same price as competitors now for them. It also makes it potentially more likely that small items will be itemized. Were going to launch kits/playlists that will allow for grouping in the coming months, McLeod explained....
The US Marshals Service has announced an upcoming auction for over $4 million worth of bitcoin seized during various legal proceedings. The sealed bid auction, which is scheduled to take place in November, will offer approximately 660 BTC seized during about 31 federal criminal, civil and administrative cases under the asset forfeiture framework of the Continued
The post Checkbooks Ready! US Marshals to Hold $4 Million Bitcoin Auction appeared first on CCN
When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the worlds monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging for ETFs, and creating a settlement layer for the new 1%.
Over the last two decades, theres been a growing faction of anarchists, libertarians, and freedom fighters aiming to change the world. They have become fed up with the sociopaths leading the world into never-ending conflicts and are tired of the central banks printing massive amounts of fiat, devaluing currencies, and causing hyperinflation.
The tether price (USDT) is once again trading near $0.98 after failing to crack through the $1.00 threshold, prolonging the USD-pegged cryptocurrencys departure from dollar parity. The USDT token had on Friday briefly surpassed a global average of $0.99, its highest mark since plunging below $1.00 on Oct. 15. Unable to sustain that recovery, the Continued
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Japans Tax Investigation Committee, an advisory body of the government, is looking to simplify its tax filling system as confusion has led to poor reporting of profits with digital currencies in the country.
At a meeting held on Wednesday, members of the taxation committee spoke before the General Assembly to provide expert insight on the emerging problem of reporting cryptocurrency gains.
Confusion over the calculation method and the different types of profit besides gains on the sale of digital assets has urged policymakers to discuss the issue.
The environment should be adjusted so that tax returns can be simplified.
In the current tax filling system, general employees who earn more than 200,000 yen per year in digital currencies must pay income tax. But not only the gains from the difference between the acquisition price and the selling price are taxed.
Investors also have to report the profit obtained from any kind of exchange with other digital currencies. In mid-2017, however, the Japanese government announced the end of a consumption tax of 8% on Bitcoin transactions.
The complexity of reporting cryptocurrency gains comes to a peak when the taxpayer in Japan has to deal with different methods of storing transaction history data used by each cryptocurrency trading platform.
The committee also discussed the concept of a shared economy, where individuals use the internet to trade goods and services, as a new type of economy that must be properly taxed, said Minoru Nakazato, the president of the Tax Committee.
Since it is necessary to take into consideration frameworks other than the taxation system and business practices, we will hold a small meeting of experts to deepen the discussion while listening to outside opinions.
The problem of poor reporting of cryptocurrency gains and losses is a headache for taxpayers and governments all over the world. The U.S. Internal Revenue Service (IRS) has also made it very difficult for individuals and compani...
Mike Novogratz, a prominent cryptocurrency investor, and CEO of Galaxy Investment Partners has toned down his optimism, reiterating that he doesnt expect a price surge in the price of Bitcoin until institutional adoption occurs, which could happen in the first half of next year. Speaking with Bloombergs Erik Schatzker on Bloomberg Markets: The Close, the Continued
The post Novogratz Says Cryptos Are Safe, Expects Bitcoin to Rally In Q1 2019 appeared first on CCN
During a recent Q3 earnings call, the worlds largest producer of semiconductors, Taiwan Semiconductor Manufacturing Company (TSMC), forecasted weakening growth for the rest of 2018 due to declining demand for cryptocurrency mining hardware. This outlook comes despite anticipating a significant increase in demand for its 7-nanometer processing chips from the high-end smartphone industry.
Lora Ho, the chief financial officer and senior vice president of finance for TMSC, predicts that declining demand for cryptocurrency mining hardwa...
Ever since the U.S. Securities and Exchange Commission (SEC)
stern warning about initial coin offerings (ICOs) in February
2018, cryptocurrency projects have had to consider different
options for distributing their tokens and funding their
One alternative for dispersing a token is an airdrop, where tokens are given out (for free) to the holders of an existing cryptocurrency. A former partner at law firm Cooley LLP has a positive view on them. Airdrops can do no harm. In fact, we think they can make things better, Marco Santori, who is now the president and chief legal officer at Blockchain, a bitcoin wallet provider, told Bitcoin Magazine.
An airdrop doesnt get around the securities laws; but, that said, unless the thing that youre airdropping, the token that youre airdropping, is a security, then the airdrop is not a securities offering, he continued. I think they can be a powerful tool for decentralization.
In a recent interview, Santori shared more of his thoughts on raising funds and the future of regulation.
He think an issuance framework he worked on while at Cooley called SAFT, short for Simple Agreement Future Tokens, is a useful alternative to traditional ICOs. In the arrangement, accredited investors lend money to a project with the promise that tokens will become available after the network is up and running. The SAFT white paper was published in October 2017; since then, SAFT has become a market standard.
I think that the SAFT framework is probably the best that we have today, Santori said. If you layer on top of that the additional clarity that the SEC has provided in the context of Bill Hinmans speech or the so-called Hinman test that incorporated the SAFT framework, then youve got a pretty complete picture.
Santori is referring to statements made by the SECs director of the division of corporation finance in June 2018. At that time, Hinman addressed the possibility that a token could begin life as a security and then convert to something other than a security when a network became...
A recent report from ICO Rating has found that only 46% of cryptocurrency exchanges meet the desired security parameters with the remaining 54% considered to have sub-par security measures in place, leaving hundreds of thousands of traders and investors exposed. The sample group of exchanges contains 100 exchanges all of which have a 24-hour volume of Continued
The post Over Half of All Crypto Exchanges Have Security Vulnerabilities: Report appeared first on CCN
The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 3
Crypto Anarchism and Civil Society. The Technology is the Revolution.
by Wendy McElroy
Not only is democracy mystical nonsense, it is also immoral. If one man has no right to impose his wishes on another, then ten million men have no right to impose their wishes on the one, since the initiation of force is wrong (and the assent of even the most overwhelming majority can never make it morally permissible). Opinionseven majority opinionsneither create truth nor alter facts. A lynch mob is democracy in action.
Morris Tannehill, The Market for Liberty
The simplicity of anarchism is stunning: live and let live. Do not use force against those who also pursue their own lives.
Most people are anarchists in how they conduct daily life with family, associates, and strangers. Whether or not law enforcement is present, most people behave peacefully, and being violent never occurs to them. It is not a police presence that makes people wake their children for breakfast or greet their neighbors on the sidewalk. Legislation does not persuade them not to murder strangers. Civil society does. It manifests the natural harmony of interests between human beings as they interact and separate to pursue their own self-interests.
Violence is the greatest obstacle to the functioning of civil society, especially violence in the form of a state. Just as society consists of individuals cooperating to achieve their own goals, the state consists of individuals who use force for the same purpose; they want wealth and status without earning it. Thats the key difference between the two forms of social organization. With cooperation, both sides benefit...
With the exception of the SECs FinHub announcement, it has been
a quiet week for regulatory news something weve been getting a lot
of recently as U.S. officials
clamp down on
unscrupulous coin offerings and crypto companies.
Instead, stablecoins crowded headlines this week, as tether among others had difficulties retaining its peg, and top exchanges rolled out support for some of the asset class regulatory-compliant newcomers.
All the while, developers remind us that, even in bear markets, the tools of innovation continue to work against the buzz of speculation.
Tether took a dip this week. The markets leading stablecoin dropped to as low as $0.92 cents for its exchange-averaged price as a market-wide selloff left the coin wanting in demand. By consequence, bitcoin on tether-supported exchanges began trading at somewhat of a premium, an inflated price that reflected bitcoins worth against tethers discounted price rather than its worth against the actual dollar. At the time of writing, tether has shaved off roughly $800 million from its market cap over the week thats nearly a third of its entire value.
As tether was unravelling, two of the industrys highest volume exchanges listed four of the top stablecoins staunches competitors. Huobi and OKEx both announced support for TrueUSD, Gemini USD, USD Coin and the Paxos Standard earlier this week, moves that may have aggravated the sell off that crippled tethers peg. The four stablecoins, which are fiat-collateralized like tether, are considered transparent, regulator-friendly alternatives to what was the markets only viable stablecoin until this year.
Beginning on Thursday, crypto markets experienced a massive sell-off which affected most coins and brought down total market capitalization of cryptocurrencies to $200 billion, down $25 billion in the space of a few hours in what was overall a bearish week for cryptocurrencies as a whole, but ethereum in particular. Behaviour of investors indicates that Continued
Ethereum core devs have officially decided to delay a planned hard fork, dubbed Constantinople, until January 2019 at the earliest
A committee of tax experts in Japan that is responsible for advising the government on taxation matters has called for the simplification of the countrys cryptocurrency tax filing process. According to officials of the tax panel, the process is currently complicated and a change is required in order to enhance accuracy and compliance. Per a Continued
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The dismissal market performance of so-called stablecoin Tether should not be the reason to spread FUD against it, clarified Mike Novogratz in his tweet.
The billionaire Bitcoin bull, who recently criticized USDT for misbalancing its dollar-peg, later said that he believes Tether has every dollar for every USDT. However, he retained his criticism over Tether not being transparent to the community, in the absence of which it is losing grounds in the cryptocurrency market.
Id like to put context to these quotes as the last thing I want to do is spread FUD. I said I thought tether has a dollar for every tether and that we actively traded it. The fact that almost $700mm has been redeemed in an orderly fashion is important.
Once the leading stablecoin, Tether got reduced to one of the most criticized coins in crypto industry. On Monday, the USDT lost its peg to the dollar, soon after the news of the insolvency of BitFinex Tethers partner exchange went public (the Exchange refuted the reports later).
Reports claiming that Tether LLC did not have adequate fiat dollars to back its USDT token supply also fueled negative trading sentiment in the market, pushing the value to as low as 85 cents against the dollar. In the meantime, other stablecoins that are supposedly regulated and backed by real fiat capital, took a competitive advantage, with each of them recording higher trading volume against the USDT.
Since forming lower lows towards $0.85, Tether has now recovered most of its losses but now is trading circa 0.5 cents below its one dollar peg.
While the market was swapping USDT for other stablecoins, Tether didnt publish a single statement that could hold the fort. Novogratz recognized that it is not the question of insolvency b...
An EY report into The Class of 2017 ICOs found that 86% of tokens are trading below their listing price, 71% have no working product
A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come.
The mining project, spearheaded by Armenian real estate investment company Multi Group Concern and Malta-registered Omnia Tech International Company, was officially launched in the Armenian capital of Yerevan on Thursday. The countrys Prime Minister Nikol Pashinyan, businessmen and entrepreneurs from China, South Korea and the United Arab Emirates attended the ceremony, Arka News Agency reported.
China appears to have achieved the crypto community's dream of a new internet of value, without blockchain. But there's more than meets than eye here.
Charlie Shrem, one of bitcoin's earliest entrepreneurs, believes Satoshi's white paper is about more than just technology.
Caroline Wozniacki, 28-year-old, Danish, No 2 ranked professional tennis star has entered a partnership with Singaporean firm, Global Crypto Offering Exchange (GCOX) to found her own cryptocurrency token. Earlier in the week, CCN reported that Filippino boxing legend Manny Pacquiao could launch his own cryptocurrency before the end of the year. Other celebrity personalities with Continued
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Bitcoin blocks experienced up to 95 percent congestion this month, but it didnt impact its transaction fees, which remain at around $0.1
Cryptocurrency analyst Willy Woo published a graph to demonstrate a stark comparison between BTC transaction fees in two separate congestion episodes. The first case was from 2017, the year that witnessed Bitcoin congestion topping up to 85 percent and its fees peaking to as high as $25 per transaction. The other is from the present when the average Bitcoin transaction fee is close to $0.10 per transaction regardless of the all-time high congestion rate.
Unlike a centralized payment settlement network, the Bitcoin network confirms the transactions when its network of nodes called miners reaches a consensus to mine a block. Each block can cater to more than 500-transactions on average, with its small 1 MB size limit. As the BTC volume goes up, the speed of a BTC transaction goes down, allowing the network to raise fees to confirm transactions faster by providing more hashpower. It is the very reason why in 2017 the transaction fees jumped to its all-time high upon an increase in congestion rate.
Bitcoin Core proposed to improve the digital currencys network scalability issues by implementing a soft fork called Segregated Witness (Segwit). The group of developers would separate signature data, which was the part of the original Bitcoin blocks and covered 65 percent of its size-space, and move it to a separate structure in the end, away from the Merkle Tree record of who is receiving or sending bitcoin tokens. The network reached consensus for a soft fork, and SegWit became a reality on August 23, 2017.
Segwit also upgraded the Bitcoin network for solving its malleability issues, which further paved for the launch of the Lightning Network. The solution would aim to be...
Over the last year bitcoin cash adoption has been thriving and in certain regions, BCH merchants are spreading like wildfire. Thanks to a slew of cryptocurrency payment processors and people pressing for adoption there are thousands of BCH accepting merchants these days. One application called Marco Coino helps bitcoiners find BCH brick-and-mortar retailers on a global map and the platform now hosts over 500 known merchants.
Getting merchants to accept bitcoin cash (BCH) and spreading global adoption is a big deal to a lot of digital asset proponents. For a while now, many retailers have been turned on to BCH because of enthusiasts spreading adoption, low fees, fast settlement and theres also been a variety of payment processors helping progress the cause. With all the BCH accepting merchants popping up, one application called Marco Coino provides people with the means to find nearby merchants that accept bitcoin cash. The platform has been around for a few months now and has been steadily gaining m...
The most commonly known stablecoin is Tether. It is a cryptocurrency that buys one American Dollar from the market before issuing one tether. This means that when one American Dollar leaves active circulation, one Tether enters active circulation. Thus, the price of Tether has stayed stable over the years. A swing of fewer than 10 Continued
The post Stablecoins in a NutshellAnd Why They Can Kill Decentralization appeared first on CCN
The weekend has brought no joy to crypto markets which have remained immobile for the past few days. The slow downward slide seems to have halted just below $210 billion market capitalization where things remain for another day.
Bitcoin is at the exact same place it was on Friday, $6,480 and there is no sign of a breakout just yet. A similar story is being played out in the Ethereum camp during Asian trading this morning. ETH is immobile again today at around $204.
Alcoins are nearly all in the green but gains are so small they are hardly worth mentioning. The biggest movement in the top ten is Stellar which has inched up 2.2% to $0.244 this morning. The rest are static with small upwards movement of around one percent on the day.
The top twenty is a little more mixed with more red creeping in. Zcash is also up 2.2% trading at $120 right now but the rest have moved less than a percentage point in either direction. Interest in altcoins is at rock bottom this month.
Todays big pump is BAT which has jumped 16% to $0.240 on the day. A new Brave browser release with BAT integrated for tipping websites was launched a couple of days ago which is driving momentum now. Additionally Brave Rewards, which allows publishers and content creators to earn BAT crypto payments based on the time that users spend on their websites, has entered beta testing and is looking towards its final roll-out. Trade volume has quadrupled from $6 to $24 million, over 60% of which is on Binance.
New Brave desktop browser available for download at https://t.co/4wVWi8TElt. This latest milestone on our way to 1.0 is Chromium-based, has 22% faster load time than our previous Muon-based version, & unveils Brave Rewards beta (previously Brave Payments)....
The pass rate for the exam developed by the Maltese government for financial services practitioners seeking to obtain cryptocurrency agent certification is reportedly only 39 percent. The exam is part of the requirements mandated by the countrys newly established Virtual Financial Assets Act.
Under Maltas Virtual Financial Assets (VFA) Act, practitioners who wish to act...
36 hours after hard forking and Monero buyers are yet to confirm Oct 15 gains. If anything, there seems to be resistance for upsides and this is negative for bulls. Anyhow, we suggest aggressive buyers to load at spot prices with stops at $190 while risk-averse traders should be on the side lines until there are gains above $150. Such gains will most likely trigger a torrent of buyers aiming at $300 and higher.
Talk of privacy coins wont leave Monero out and for good reasons. While the coin is not short of opposition, Monero is one of the most liquid and capitalized coin around. Its on the top 10 meaning its an on-demand. However, thats not what we are after. A coin is only as good as the team that is working behind it. From GitHub and the release by Monero Labs, it is obvious that Monero is one of the most active coins around.
And there we are, transactions using Bulletproofs are now live on Monero mainnet https://t.co/Lag7K0j1r5
Howard Chu (@hyc_symas) October 18, 2018
Yesterdays hard fork went on to cement the general objective of the coin: that of reinvigorating its mission of providing privacy and safeguarding the interest of users. With Bullet proofs, Monero is now cheaper to use because what they did is reduce the size of transaction size from 13.5 KB to 2.5 KB which in proof of work system translates to reduction of network fees. Aside from that, the team went ahead and increased the number of rings from seven to 11 further enhancing the privacy of the network.
Another stand out about Monero is their mission of rejecting ASIC miners in their midst. To achieve this rather hard duty, the team regularly update the core, evolving before the designers behind Bitmains miners ran havoc by centralizing the network. By itself, this is problematic and an existential threat to the network.
While Litecoin might be a relic according to Tushar Jain, their developers are ready to slash transaction costs by a factor of 10 once Litecoin core 0.17 goes live. The release date is tentative but what we know for sure is that EOS trade volume are roughly five percent that of Ethereum. Besides, its prone to congestion all thanks to the introduction of Block Producers who often collude locking out outsiders.
Lets have a look at these charts:
According to reports, there is a CPU problem in EOSIO and sources show that its not unusual for network users to stake 95 percent of their total EOS between CPU and bandwidth. The reason has been found to be due to general Block Producer operation configurations where the network congests once 20ms of CPU block time is hit.
This shift of EOSIO staking algorithm could explain why there is a lot of coin staking going on in EOS where it is not unusual for network users to stake 100 percent of their coin just to use a similar amount for free transactions. While ordinary network users dont earn interest for their EOS stakes, Block Producers are actively colluding and earning transaction confirmation rewards despite the networks low transaction volumes and high odds of network congestion.
Back to price action and the coin is likely to end the week on a high after printing 4.8 percent. Though prices are stable in the last day, our previous price forecast still hold going forward and still we expect bulls to reign over the weekend.
Our reasoning is simple. Notice that sellers did fail to reverse Oct 15 gains. At the same time, these losses were accompanied by light volumes. As such, we remain optimistic but before we suggest trades, buyers must first rally and close above $7. Thereafter, we shall recommend buys on dips with first targets at $9.
Global professional services firm Ernst & Young (EY) has released a report on the performance of ICOs over the last year, and in keeping with the bear market for cryptocurrency assets, the trend was predictably downward. Just 10 Tokens Count for 99% of All ICO Gains EY released a report on ICOs back in December 2017, Continued
The post 86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price appeared first on CCN
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