tag:blogger.com,1999:blog-17463204612828134052024-03-13T23:31:28.083-07:00Crypto HereCrypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.comBlogger2422125tag:blogger.com,1999:blog-1746320461282813405.post-81243582936072719832018-09-16T06:34:00.000-07:002018-09-15T23:34:30.392-07:00Cryptocurrency market valuation to hit $1 trillion this year -Cryptocurrency Predictions 2018 – News Analysis -Sat Sept 15<p>https://i2.wp.com/smartereum.com/wp-content/uploads/2017/10/cryptocurrency-future-currencies.jpg?resize=696%2C392&ssl=1 - </p><div class="td-post-featured-image"><img width="696" height="392" class="entry-thumb" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2017/10/cryptocurrency-future-currencies.jpg?resize=696%2C392&ssl=1" alt="" title="cryptocurrency-future-currencies"></img></div><br></br><p>Cryptocurrency market valuation to hit $1 trillion this year. The market cap of cryptocurrency seems to just increase. Even though some of the individual ones are falling but cumulatively, the market cap seems to increase year-on-year.</p><br></br><p>According to the CEO of Kraken, Jesse Powell, in the rest of the months of 2018, cryptocurrencies would see accelerated growth. They would be able to pull back from the bottom to new highs.</p><br></br><p>According to him, there are many businesses revolving around cryptocurrencies now. Also, there are many people in the know-how of cryptocurrency is now. This would propel the entire cryptocurrency market to cross a valuation of $ 1 trillion.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9df970138bf display:block !important;@media(min-width: 601px) .adace_adsense_5b9df970138bf display:block !important;@media(min-width: 801px) .adace_adsense_5b9df970138bf display:block !important;@media(min-width: 961px) .adace_adsense_5b9df970138bf display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9df970138bf" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>The current cumulative market cap of all the cryptocurrency is currently is around $ 417 billion. Before the recent downturn, it was around $ 800 billion. Thus, even if the cumulative market cap is able to rise just 25% from the peak, it would be able to hit the valuation of $ 1 trillion.</p><br></br><p><img class="alignnone size-full wp-image-2399" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/How-to-figure-out-cryptocurrency-price-beforehand-New-way-to-find-out-about-Bitcoin-rallies-in-advance-chart-high-low-up-down-bitcoin-ethereum--e1517928661545.jpg?resize=696%2C405&ssl=1" alt="" width="696" height="405"></img></p><br></br><h2><strong>Regulatory concerns:</strong></h2><br></br><p>The main problem in the growth of cryptocurrencies is the regulatory concern. If the regulatory concerns are not tackled soon, the number of traders, as well as investors in cryptocurrencies, would go on decreasing. This is the reason why proper regulatory framework, as well as trading mechanisms, need to be involved.</p><br></br><p>Many of the governments and authorities all over the world are working on it. However, it is important for the authorities to go ahead and create a framework soon so that the traders are able to easily invest.</p><br></br><h2><strong>Regulating ICO’s:</strong></h2><br></br><p>ICO’s bring in fresh capital to the cryptocurrency marketplace. This is the reason why any regulations on the ICO would not only make the process much more transparent but also make the ICOs much more valuable. Once the ICO’s get the approval, they would be valued higher as they would fulfill all the regulatory requirements as well. This is the reason why once a proper framework is in place, ICO market would be able to add more value to the cryptocurrency space. source: CNBC</p><br></br><p>In the meantime, it remains to be seen whether the bottom which currently looks to be in its place is the actual bottom or not. Most of the cryptocurrencies have already bounced sharply from these bottom levels in the last couple of weeks. If the momentum is supportive and the negative news reduces, most of the cryptocurrencies would rise significantly in the near future. This is positive news for most of the cryptocurrency holders as many of them have been trapped since the recent bear market in cryptocurrencies.</p><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div><br></br> <h3 class="jp-relatedposts-headline"><em>Related</em></h3><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9df97015aac display:block !important;@media(min-width: 601px) .adace_adsense_5b9df97015aac display:block !important;@media(min-width: 801px) .adace_adsense_5b9df97015aac display:block !important;@media(min-width: 961px) .adace_adsense_5b9df97015aac display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9df97015aac" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-market-valuation-to-hit-1-trillion-this-year-cryptocurrency-predictions-2018-news-analysis-sat-sept-15/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-2851891780106381062018-09-16T04:34:00.000-07:002018-09-15T21:34:16.083-07:00Bitcoin Hashpower Doubled Since May Despite 70% Correction<p>https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/06/Crypto-mining-rig-760x400.jpg - </p><div class="post-thumbnail"><br></br><a href="https://www.ccn.com/bitcoin-hashpower-doubled-since-may-despite-70-correction/" title="Bitcoin Hashpower Doubled Since May Despite 70% Correction"><br></br><br></br><img width="760" height="400" src="https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/06/Crypto-mining-rig-760x400.jpg" class="attachment-large-thumb size-large-thumb wp-post-image" alt="Vietnam cryptocurrency mining hardware"></img> </a><br></br></div><br></br><div class="content-ads"><br></br><div class="widget text-12 widget_text"><br></br><h6 class="widget-title font-weight-bold">Advertisement</h6><br></br><div class="textwidget"><br></br><div id="div-gpt-ad-1524167859587-0"> </div><br></br></div><br></br></div></div><br></br><p>Fundstrat, a Wall Street-based investment firm led by Tom Lee, reported that the hashpower of Bitcoin has doubled since May.</p><br></br><p>“Despite BTC bear market, hashpower doubled since May to 57 EH/s – Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18. Breakeven now $7300 ($5300 cash BE) vs. $6000 in May,” Sam Doctor at Fundstrat <a href="https://twitter.com/fundstratQuant/status/1040577145083453440">said</a>.</p><br></br><h2>Exponential Increase in Mining Activity</h2><br></br><p>Since February, the valuation of the cryptocurrency market has fallen by more than 80 percent. Yet, mining activity in the cryptocurrency sector has continued to increase at an exponential rate.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9ddd417e4d7 display:block !important;@media(min-width: 601px) .adace_adsense_5b9ddd417e4d7 display:block !important;@media(min-width: 801px) .adace_adsense_5b9ddd417e4d7 display:block !important;@media(min-width: 961px) .adace_adsense_5b9ddd417e4d7 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9ddd417e4d7" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>The difficulty of Bitcoin mining, which measures how difficult it is to find a hash below a given target, changes based on the hashrate of the dominant cryptocurrency. If less people are mining Bitcoin, then the difficulty of Bitcoin mining declines. But, when more people mine it and the hashrate of the network increases, the difficulty of Bitcoin mining increases.</p><br></br><p>When the difficulty is increased, it is harder to find blocks, which leads to a decline in revenue for miners. The block reward of Bitcoin changes once every four years and as such, the discrepancy of revenue from mining BTC is often caused by the volatility in the difficulty of Bitcoin mining.</p><br></br><p>If the reward remains the same for four years yet the difficulty increases, less BTC will be generated to cover the costs of miners and mining centers. That means, if the price of BTC decreases as well, then the revenue of miners decrease even further.</p><br></br><p>Hence, when the price of BTC falls, which leads to a decline in mining revenue, it is normal to expect the hashrate of Bitcoin to fall as well.</p><br></br><p>However, throughout the past five months, the hashrate of Bitcoin has more than doubled, despite its 70 percent drop in value within an eight-month period. That means, miners are still willing to expand their resources and mine Bitcoin with lower profit margins in a bear market.</p><br></br><p>Earlier this month, BitMEX Research revealed that Bitmain, the largest mining company in the cryptocurrency sector, has been maintaining its profit margin at a low level to solidify its dominance over the market.</p><br></br><p>The research paper <a href="https://blog.bitmex.com/unboxing-bitmain/">read</a>:</p><br></br><p>“These low prices are likely to be a deliberate strategy by Bitmain, to squeeze out their competition by causing them to experience lower sales and therefore financial difficulties. In our view, herein lies the key to one of the main driving forces behind the decision to IPO. A successful IPO may increase the firepower available to continue this strategy and eliminate an advantage rivals could have by doing their IPOs first.”</p><br></br><h2>Positive Indicator</h2><br></br><p>The increase in the difficulty and hashrate of Bitcoin is always a positive indicator, as it means that the Bitcoin blockchain network is stronger, more robust, and resilient to attacks. More to that, it also demonstrates the willingness of miners to continue their mining operations despite a clear drop in profit from the decline in the price of BTC.</p><br></br><p><b>Follow us on <a href="https://telegram.me/ccncom" rel="nofollow">Telegram</a> or subscribe to our newsletter <a href="https://cryptocoinsnews.us7.list-manage.com/subscribe?u=3cb6c1ebcf594a857d586ea94&id=c970df32b3" rel="nofollow" target="blank">here</a>.</b><br></br>• <a href="https://network.ccn.com">Join CCN’s crypto community for $9.99 per month, click here.</a><br></br>• <a href="https://hacked.com/continue-reading" rel="nofollow">Want exclusive analysis and crypto insights from Hacked.com? Click here.</a><br></br>• <a href="https://www.ccn.com/ccn-looking-journalists-co-editor/">Open Positions at CCN: Full Time and Part Time Journalists Wanted.</a><br></br><b>Advertisement</b></p><br></br><div id="div-gpt-ad-1524167859587-2"> </div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9ddd417fcaf display:block !important;@media(min-width: 601px) .adace_adsense_5b9ddd417fcaf display:block !important;@media(min-width: 801px) .adace_adsense_5b9ddd417fcaf display:block !important;@media(min-width: 961px) .adace_adsense_5b9ddd417fcaf display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9ddd417fcaf" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/bitcoin-hashpower-doubled-since-may-despite-70-correction/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-39874884578811288242018-09-16T01:53:00.000-07:002018-09-15T18:53:45.742-07:00Cryptocurrency Prices for the 15th of September: Cryptocurrency Is In The Green Zone Again<p>https://i0.wp.com/thecoinshark.net/wp-content/uploads/2018/09/15_09_Coin360.png?resize=994%2C477&ssl=1 - </p><div class="entry-content clearfix"> <span class="entry-content"><br></br><h2><span>Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Prices Today, September 15</span></h2><br></br><p><span>According to the online platform Coin360, </span><b>Bitcоin (BTC)</b><span> has added 0.25% over the past 24 hours. The price at the time of writing is </span><b>$6532</b><span> per coin.</span></p><br></br><p><span><img class="alignnone wp-image-18186" src="https://i0.wp.com/thecoinshark.net/wp-content/uploads/2018/09/15_09_Coin360.png?resize=994%2C477&ssl=1" alt="" width="994" height="477"></img></span></p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9db7a32df36 display:block !important;@media(min-width: 601px) .adace_adsense_5b9db7a32df36 display:block !important;@media(min-width: 801px) .adace_adsense_5b9db7a32df36 display:block !important;@media(min-width: 961px) .adace_adsense_5b9db7a32df36 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9db7a32df36" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><span>Cryptocurrencies mostly demonstrate growth:</span></p><br></br><p><b>Bitcoin Cash</b><span> lost 1.21% over the past day and costs </span><b>$450</b><span> per coin;</span></p><br></br><p><b>Ripple</b><span> added 0.51% and is at a price of </span><b>$0.28</b><span>;</span></p><br></br><p><b>EOS</b><span> increased by 0.80% and its price is </span><b>$5.32</b><span>;</span></p><br></br><p><b>Litecoin</b><span> raised by 6.75% and its value is </span><b>$57</b><span>;</span></p><br></br><p><b>Cardano</b><span> plus 1.71% and costs </span><b>$0.068</b><span>;</span></p><br></br><p><b>Stellar</b><span> lost 0.06% and is worth </span><b>$0.20</b><span>;</span></p><br></br><p><b>IOTA </b><span>added 0.28% and its value is </span><b>$0.58</b><span>;</span></p><br></br><p><b>Dash</b><span> raised by 1.18% and its price is </span><b>$191</b><span>;</span></p><br></br><p><b>Monero</b><span> grew by 8.85% and is worth </span><b>$122</b><span>.</span></p><br></br><p><b>Ethereum</b><span> has been showing steady growth over the past 24 hours. ETH added 3.58%. The cost of the coin is</span><b> $217</b><span>.</span></p><br></br><p><span>The total market capitalization is </span><b>$202 billion</b><span>. Bitcoin accounts for 55.6% of the total volume. In monetary terms, this is $112 billion.</span></p><br></br><p><span>Subscribe to The Coin Shark news in Facebook: </span><a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="entry-content clearfix"> <span class="entry-content"><br></br><p><span>The CEO and founder of Galaxy Digital Capital Management, Mike Novogratz, shared his opinion on his Twitter that crypto market finally reached the “bottom” and later there will no way down for it.</span></p><br></br><blockquote class="twitter-tweet"><br></br><p lang="en" dir="ltr">This is the BGCI chart…I think we put in a low yesterday. retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble… markets like to retrace to the breakout..we retraced the whole of the bubble. <a href="https://twitter.com/hashtag/callingabottom?src=hash&ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#callingabottom</a> <a href="https://t.co/EasTBYgjSj" target="_blank" rel="nofollow">pic.twitter.com/EasTBYgjSj</a></p><br></br><p>— Michael Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1040288811643809798?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 13, 2018</a></p><br></br></blockquote><br></br><p><span>In his opinion, the attached chart from Bloomberg Galaxy Crypto Index shows that the market reached the point which it was at in the middle of November last year, just before the start of the record bullish trend and before the BTC price rise to its maximum of $20,000.</span></p><br></br><p><span>We want to remind you that Bloomberg and Galaxy Digital Capital Management </span><a href="https://thecoinshark.net/bloomberg-and-a-cryptocurrency-company-will-launch-a-cryptocurrency-index/"><span>launched a new cryptocurrency index</span></a><span> in May this year.</span></p><br></br><p>Subscribe to The Coin Shark news in Facebook: <a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="entry-content clearfix"> <span class="entry-content"><br></br><p><span>The crypto enthusiast John McAfee told </span><a href="https://ambcrypto.com/exclusive-bitcoin-btc-is-the-number-one-coin-for-processing-payments-says-john-mcafee/" target="_blank" rel="nofollow"><span>in an interview </span></a><span>about the future of Bitcoin’s price in the long term.</span></p><br></br><p><span>McAfee commented on the fall of Bitcoin from $7400 to $6400 in 3 days, he believes that this is the manipulation of the market:</span></p><br></br><blockquote><br></br><p><span><strong><i>“You can only manipulate something if you have the power to do so. Now if that thing becomes more valuable your power decreases, and the inherent value is many times the current price of Bitcoin. It just comes through always in every market situation. The people that are manipulating it, they are going to lose billions of dollars and then it’s going to be over.”</i></strong></span></p><br></br></blockquote><br></br><p><span>McAfee said that Bitcoin’s market is now in an “infantile state,” comparing it to a blade of grass susceptible to the wind or step. He also added that it will become “a fire raging in the forest” soon.</span></p><br></br><p><span>Finally, McAfee talked about the “mathematics” of the coin and made his own forecast of Bitcoin’s price for 2020:</span></p><br></br><blockquote><br></br><p><span><strong><i>“Why don’t we look at the last Bitcoin? We have thousands of people to mine one coin. What is that coin going to be worth? Maybe billions. Mathematics doesn’t lie. Say what you want, mathematics doesn’t lie. If it’s not a million dollars in 2020, it has to be. The end of 2020, December. That’s my prediction, I’m going to stand by it…it is the number 1 coin for processing transactions. Run the numbers.”</i></strong></span></p><br></br></blockquote><br></br><p><span>We want to remind you</span></p><br></br><blockquote class="wp-embedded-content"><br></br><p><a href="https://thecoinshark.net/john-mcafee-is-partnering-up-with-coinbene-to-fight-corruption/">John McAfee Is Partnering Up With Coinbene to Fight Corruption</a></p><br></br></blockquote><br></br><p><span>Subscribe to The Coin Shark news in Facebook: </span><a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="entry-content clearfix"> <span class="entry-content"><br></br><p><span>The CoinMarketCap platform tracks information about 2000 assets, thus they are to know what data or innovations users want to observe on the site. That is why the major resource of cryptocurrency prices conducted a survey on their</span><span> Twitter.</span></p><br></br><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><br></br><p lang="en" dir="ltr">Would you be interested in voting for projects or exchanges to be listed on CoinMarketCap? 🤔</p><br></br><p>— CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1039887954158575616?ref_src=twsrc%5Etfw">September 12, 2018</a></p></blockquote><br></br> <br></br><p><span>At the press time, 61% of the 5625 voters are interested in the future project and exchanges listed on CoinMarketCap. 29% of them don’t see any point in it and 10% don’t like this idea at all. </span></p><br></br><p><span>There are rumors that this questionnaire is conducted due to lack of trust to CoinMarketCap among users. Since previously he delisted </span><a href="https://thecoinshark.net/binance-suspended-their-work/"><span>Hong Kong exchanges</span></a><span>, when they, as they told, had a big volatility in January this year.</span></p><br></br><p><span>Regarding the survey, </span><span>Clashicly</span><span>, the developer of BTCC, </span><a href="https://bitcoinist.com/coinmarketcap-new-listing-vote/" target="_blank" rel="nofollow"><span>made a controversial statement </span></a><span>in a private interview to Bitcoinist that CoinMarketCap is abusing the trust of millions they have in them. He also added that they should be responsible for listing “garbage”.</span></p><br></br><p><span>We want to remind you</span></p><br></br><blockquote class="wp-embedded-content"><br></br><p><a href="https://thecoinshark.net/john-mcafee-launched-coinmarketcap-of-his-own/">John McAfee Launched CoinMarketCap of His Own</a></p><br></br></blockquote><br></br><p><span>Subscribe to The Coin Shark news in Facebook: </span><a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="entry-content clearfix"> <span class="entry-content"><br></br><p><span>Unlike </span><a href="https://thecoinshark.net/bitpay-and-bitcoin-com-have-been-removed-from-google-play/"><span>Google Play Market which removed Bitpay and Bitcoin.com</span></a><span> from its app list, Apple Store decided to add a new crypto wallet, called Vault, which is aimed at storing different digital collectibles and non-fungible tokens.</span></p><br></br><p><span>This wallet conforms to </span><a href="https://thecoinshark.net/apple-has-restricted-its-regulations-regarding-cryptocurrencies/"><span>all the strict requirements of Apple Inc.</span></a><span> adopted in early June. The co-founder of this startup, </span><a href="https://bitcoinexchangeguide.com/apples-app-store-welcomes-new-vault-crypto-wallet-for-digital-collectibles/" target="_blank" rel="nofollow"><span>John Egan, stated </span></a><span>that he wanted to create a project that can be used by everyday users, not only by CA. He planned to make the wallet more about its functions than trading, i.e. there will not any information about token sales, etc. </span></p><br></br><p><span>Egan even compared the work of Vault to the way iOS on iPhone works. As the developers want to create an ecosystem based on blockchain technology where users can share and use apps, like they do on iPhones.</span></p><br></br><p><span>We would like to remind you</span></p><br></br><blockquote class="wp-embedded-content"><br></br><p><a href="https://thecoinshark.net/the-co-founder-of-apple-announced-the-launch-of-his-own-blockchain-based-project/">The Co-Founder of Apple Announced the Launch of His Own Blockchain-Based Project</a></p><br></br></blockquote><br></br><p><span>Subscribe to The Coin Shark news in Facebook: </span><a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="entry-content clearfix"> <span class="entry-content"><br></br><h2><span>Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Prices Today, September 14</span></h2><br></br><p><span>According to the online platform Coin360, </span><b>Bitcоin (BTC) </b><span>has added 0.77% over the past 24 hours. The price at the time of writing is </span><b>$6485</b><span> per coin.</span></p><br></br><p><span><img class="alignnone wp-image-18086" src="https://i1.wp.com/thecoinshark.net/wp-content/uploads/2018/09/14_09_Coin360.png?resize=900%2C435&ssl=1" alt="price" width="900" height="435"></img></span></p><br></br><p><span>Cryptocurrencies recover their positions:</span></p><br></br><p><b>Bitcoin Cash</b><span> increased by 2.89% over the past day and costs </span><b>$450</b><span> per coin;</span></p><br></br><p><b>Ripple</b><span> raised by 2.31% and now is at a price of </span><b>$0.27</b><span>;</span></p><br></br><p><b>EOS</b><span> added 4.61% and its price is </span><b>$5.22</b><span>;</span></p><br></br><p><b>Litecoin</b><span> plus 2% and its value is </span><b>$54</b><span>;</span></p><br></br><p><b>Cardano</b><span> remains stable at the moment and costs </span><b>$0.067</b><span>;</span></p><br></br><p><b>Stellar</b><span> lost 1.01% and is worth </span><b>$0.20</b><span>;</span></p><br></br><p><b>IOTA</b><span> added 1.91% and its value is </span><b>$0.57</b><span>;</span></p><br></br><p><b>Dash</b><span> increased by 0.30% and its price is </span><b>$188</b><span>;</span></p><br></br><p><b>Monero</b><span> grew by 1.19% and is worth</span><b> $110</b><span>.</span></p><br></br><p><b>Ethereum</b><span> in the past 24 hours finally shows a significant increase. ETH added 9.19%. The cost of the coin is </span><b>$207</b><span>.</span></p><br></br><p><span>The total market capitalization is </span><b>$198 billion</b><span>. Bitcoin accounts for 56.2% of the total volume. In monetary terms, this is $111 billion.</span></p><br></br><p><span>Subscribe to The Coin Shark news in Facebook: </span><a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="entry-content clearfix"> <span class="entry-content"><br></br><p><span>BitPay wallet application that provides Bitcoin and Bitcoin Cash payment processing services to traders has been removed from the Google Play Market without any warnings from developers.</span></p><br></br><p><span>Representatives of BitPay did not provide updates and did not announce about any technical work, so this decision was quite unexpected for the company.</span></p><br></br><p><span>Also, <a href="https://www.reddit.com/r/Bitcoin/comments/9f832m/google_play_finally_take_down_the_rogers_fake/" target="_blank" rel="nofollow"><span>users of Reddit report</span></a> that the application of a company providing Bitcoin and Bitcoin Cash purchase/sale services – Bitcoin.com – has disappeared from Google Play.</span></p><br></br><p><span>It is quite a strange situation, because both applications had an average rating of 4.5 stars, which indicates a fairly high degree of confidence in customer service. Although, as for Bitcoin.com, there have been numerous cases recently when users were asked to give negative rating to this application and write a corresponding comment.</span></p><br></br><p>The CEO of Bitcoin.com, Roger Ver accused the new Google Play policies of the incident.</p><br></br><blockquote><br></br><p><span><span>“</span><strong><i>Google told us that it was because they no longer allow cryptocurrency mining apps</i></strong><span>,” </span><a href="https://thenextweb.com/hardfork/2018/09/13/google-removes-cryptocurrency-wallets/" target="_blank" rel="nofollow"><span>wrote</span></a><span> Ver. “</span><strong><i>I have no idea how they came under the impression that our wallet is a mining app</i></strong><span><strong>.</strong>”</span></span></p><br></br></blockquote><br></br><p><span>We remind you:</span></p><br></br><blockquote class="wp-embedded-content"><br></br><p><a href="https://thecoinshark.net/google-play-banned-mining-apps-how-come-some-of-them-are-still-there/">Google Play Banned Mining Apps, How Come Some of Them Are Still There?</a></p><br></br></blockquote><br></br><p><span>Subscribe to The Coin Shark news in Facebook: </span><a href="https://www.facebook.com/coinshark/" target="_blank" rel="nofollow"><span>https://www.facebook.com/coinshark/</span></a></p><br></br> </span><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div></div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9db7a32f06d display:block !important;@media(min-width: 601px) .adace_adsense_5b9db7a32f06d display:block !important;@media(min-width: 801px) .adace_adsense_5b9db7a32f06d display:block !important;@media(min-width: 961px) .adace_adsense_5b9db7a32f06d display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9db7a32f06d" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-prices-for-the-15th-of-september-cryptocurrency-is-in-the-green-zone-again/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-47391356020372639342018-09-16T01:29:00.000-07:002018-09-15T18:29:38.114-07:00Total cryptocurrency market cap shrinks to $186 billion<p>https://i.amz.mshcdn.com/vmoF3T4NGwDYNLWhU6-F1mR1QvI=/fit-in/1200x9600/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F844050%2F96cf78cf-eed2-4cf3-855d-f7d5434b1ad1.png - </p><p>The collective market cap of all cryptocurrencies has plunged to $186 billion on Wednesday — its lowest level this year, and the lowest it’s been since Novermber 2017. </p><br></br><p>It’s a long, painful drop for the crypto market from its January peak of $831 billion, and while everything’s possible in crypto, currently there’s no end in sight. </p><br></br><p>Bitcoin, the largest cryptocurrency by market cap, is actually holding up well, with a price of $6,281 at writing time, representing a 1.91% loss in the last 24 hours according to <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank">CoinMarketCap</a>. This is also a long way from its January peak of over $19,800, but Bitcoin has stubbornly refused to go below $6,000 this year, bouncing back up from that level on several occasions. </p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9db1fbaee85 display:block !important;@media(min-width: 601px) .adace_adsense_5b9db1fbaee85 display:block !important;@media(min-width: 801px) .adace_adsense_5b9db1fbaee85 display:block !important;@media(min-width: 961px) .adace_adsense_5b9db1fbaee85 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9db1fbaee85" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>But other cryptocurrencies, most notably Ethereum, the second-largest coin by market cap, are losing value at a tremendous pace. At $172, down 11.6% in the last 24 hours, Ethereum has reached a new bottom this year. Just one month ago, the price of one ETH was nearly double; two months ago it was nearly triple that amount. </p><br></br><figure class="image"><br></br><p><img class="" title="The long, painful downfall of Ethereum." src="https://i.amz.mshcdn.com/vmoF3T4NGwDYNLWhU6-F1mR1QvI=/fit-in/1200x9600/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F844050%2F96cf78cf-eed2-4cf3-855d-f7d5434b1ad1.png" alt="The long, painful downfall of Ethereum."></img></p><figcaption class="image-caption"><br></br><p>The long, painful downfall of Ethereum.</p><br></br></figcaption><div class="image-credit"><br></br><p>Image: coinmarketcap</p><br></br></div><br></br></figure><br></br><p>The reasons behind the decline in price haven’t changed much since <a href="https://mashable.com/article/crypto-market-crash-august-2018/">last week</a>: Institutional investors, banks and regulators are still wary of cryptocurrencies, perhaps increasingly so in recent months. And numerous startups that raised a lot of money through an ICO (initial coin offering) on the Ethereum platform, are now selling it for fiat money, which creates a selling pressure on the price. </p><br></br><p>This <a href="https://diar.co/ico-treasury-balances/" target="_blank">list</a>, compiled by Diar, shows some of the better known ICO-funded startups and the amount of ETH that’s still in their wallets. It’s been shrinking at an increased pace lately, but there’s still a lot to sell. The authors estimate the total at roughly 3.5 million ETH, worth a little over $600 million, but the actual number is bigger, as numerous successful ICO-funded startups aren’t included in the list. </p><br></br><p>Vitalik Buterin, the co-founder of Ethereum, has recently been cited by <a href="https://www.bloomberg.com/news/articles/2018-09-10/crypto-growth-nears-ceiling-ethereum-co-founder-says" target="_blank">Bloomberg</a> as saying that there’s a “ceiling in sight” for cryptocurrencies and that “there isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.” This may have contributed to the overall negative sentiment towards Ethereum. Buterin later <a href="https://twitter.com/VitalikButerin/status/1039696394368348161" target="_blank">clarified</a> his comments on Twitter, saying his words have been misinterpreted. </p><br></br><div class="twitter-wrapper sort-rerender"><br></br><div><br></br><blockquote class="twitter-tweet"><br></br><p lang="en" dir="ltr">To be clear, I never said that there is “no room for growth” in the crypto ecosystem. I said there is no room for *1000x price increases*. A 1000x price increase from today means $200T in crypto, or ~an entire 70% of today’s global wealth being in crypto.</p><br></br><p>— Vitalik Non-giver of Ether (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1039695944097259521?ref_src=twsrc%5Etfw" target="_blank">September 12, 2018</a></p><br></br></blockquote><br></br></div><br></br></div><br></br><p>Other major cryptocurrencies aren’t doing very well today either: Ripple is down to $0.26, a 3.7% decrease; Bitcoin Cash trades at $422, a 10.4% decrease, and EOS is at $4.86, a 2.6% decrease. The club of coins with a market cap above $10 billion has shrunk to three (there were more than ten at various points in crypto history): Bitcoin, Ethereum and Ripple, with the last one being on the verge of dropping out. </p><br></br><p>As a result, Bitcoin’s “dominance” — i.e., the percentage it represents in the total crypto market cap — has jumped to 57.8% according to <a href="https://coinmarketcap.com/charts/#dominance-percentage" target="_blank">CoinMarketCap</a>. In March 2017, before the sharp rise of price of Ethereum and other alts (i.e., coins that aren’t Bitcoin), this number was over 85%, but then other cryptocurrencies started to rise and push Bitcoin’s dominance down. Right now, although the entire crypto market is shrinking, Bitcoin is actually re-establishing its dominance over all other coins. </p><br></br><p>The future for Bitcoin, Ethereum, and the rest of the crypto market is uncertain. The downtrend might end if the SEC decides positively on a few proposed <a href="https://mashable.com/article/bitcoin-etf-postponed-bitcoin-ethereum-price/">Bitcoin ETFs</a>; a negative decision or further postponement (the decision is currently expected in late September) would likely mean a further decline in price. </p><br></br><p><em>Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.</em></p><br></br><div class="bonus-video-card"><br></br><div class="content-mash-video"><br></br><p><img alt="Https%3a%2f%2fvdist.aws.mashable.com%2fcms%2f2018%2f1%2f02901cd0 ebe1 8e37%2fthumb%2f00001" src="https://i.amz.mshcdn.com/ew89fWXAxfJEPtVPihSjuWzMz-o=/https%3A%2F%2Fvdist.aws.mashable.com%2Fcms%2F2018%2F1%2F02901cd0-ebe1-8e37%2Fthumb%2F00001.jpg"></img></p><br></br></div><br></br></div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9db1fbafd67 display:block !important;@media(min-width: 601px) .adace_adsense_5b9db1fbafd67 display:block !important;@media(min-width: 801px) .adace_adsense_5b9db1fbafd67 display:block !important;@media(min-width: 961px) .adace_adsense_5b9db1fbafd67 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9db1fbafd67" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/total-cryptocurrency-market-cap-shrinks-to-186-billion/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-59780474095205799722018-09-16T01:20:00.000-07:002018-09-15T18:20:05.349-07:00Collie solar data centre proposal gets govt backing<p>https://d321cxw853vaeo.cloudfront.net/dimg/120x120/dimg/dreamstime_m_120100762.jpg - </p><p>A proposal to build a “behind the grid” data centre – which it is claimed will be the first in Australia to be “powered primarily from renewable energy sources” – has received the backing of the Western Australian government.</p><br></br><p>DC Two announced its plans to build the data centre in August, and last week was named as a recipient of a government grant.<br></br> </p><br></br><p>The new data centre will be situated in the coal-mining town of Collie, 200km south of Perth, and alongside a planned 20MW solar farm. The solar farm – being built by a company called Hadouken – obtained planning permission <a href="https://reneweconomy.com.au/20mw-solar-farm-power-crypto-currency-mining-collie-79355/">in April</a>.<br></br> </p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9dafbea9b0e display:block !important;@media(min-width: 601px) .adace_adsense_5b9dafbea9b0e display:block !important;@media(min-width: 801px) .adace_adsense_5b9dafbea9b0e display:block !important;@media(min-width: 961px) .adace_adsense_5b9dafbea9b0e display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9dafbea9b0e" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>It is expected that both the first stages of the solar farm and the data centre – drawing a power supply of up to 4 megawatts – will come online early next year<br></br> </p><br></br><p>The data centre was selected by the WA government to receive a slice of its $678,000 Collie Futures Small Grants Program, which backs projects that will drive long-term economic growth and stimulate jobs creation in the town.<br></br> </p><br></br><aside id="brand-post-promo-placeholder-slot"></aside><br></br><p>“There’s incredible opportunities for diversification in Collie, and the McGowan government is standing side-by-side with industry and the community to drive new jobs and projects,” said WA regional development minister Alannah MacTiernan.<br></br> </p><br></br><p>Collie is home to a number of coal mines and power stations, but the unemployment rate is increasing and hit 8.6 per cent <a href="https://www.colliemail.com.au/story/5279892/jobs-for-collies-youth-a-focus/">in March</a>.</p><br></br><p>“Collie requires strong support from government as its economy undergoes a transition. What we’re doing through this program is standing side by side with business and industry to turn ideas into reality to further strengthen Collie,” she added.<br></br> </p><br></br><p>DC Two said it would use local businesses “from fabricators, electricians right through to general labourers” for to construct the containerised data centre.</p><br></br><aside class="readmore"><br></br><div class="nocontent"><br></br><a class="image" href="https://www.computerworld.com.au/article/645010/solar-powered-data-centre-proposed-collie-wa/"><img src="https://d321cxw853vaeo.cloudfront.net/dimg/120x120/dimg/dreamstime_m_120100762.jpg"></img></a><br></br><br></br><span class="text"><strong>Read more</strong> <a href="https://www.computerworld.com.au/article/645010/solar-powered-data-centre-proposed-collie-wa/">Solar powered data centre proposed for Collie, WA</a></span><br></br></div><br></br></aside><br></br><p>“Once the build is complete, we will need one to two full time staff initially, increasing with customer demand,” the company added.</p><br></br><figure class="art-figure"><img alt="A diagram of the proposed data centre" class="article-image" src="https://d321cxw853vaeo.cloudfront.net/dimg/700x700/dimg/dc_graphic.jpg"></img><figcaption class="article-image-caption">A diagram of the proposed data centre</figcaption></figure><br></br><p>When complete the data centre will house around 256 racks each capable of up to 30kw of IT load.</p><br></br><p>“The grant vindicates our differentiated data centre strategy. We are addressing the key issues of power consumption and cost with the aim of delivering a globally competitive offering. Accessing the grant will accelerate and broaden outcomes both for the region and ourselves,” said DC Two managing director Justin Thomas. </p><br></br><aside class="readmore"><br></br><div class="nocontent"><br></br><a class="image" href="https://www.computerworld.com.au/article/643518/accc-hauls-amaysim-energy-arm-court/"><img src="https://d321cxw853vaeo.cloudfront.net/dimg/120x120/dimg/gavel_6.jpg"></img></a><br></br><br></br><span class="text"><strong>Read more</strong> <a href="https://www.computerworld.com.au/article/643518/accc-hauls-amaysim-energy-arm-court/">ACCC hauls Amaysim’s energy arm to court</a></span><br></br></div><br></br></aside><br></br><p>The data centre is being pitched as “specifically designed for crypto and Bitcoin mining”. DC Two also has a subsidiary, called D Coin, which is a crypto-mining hosting firm.<br></br> </p><br></br><p>Cheap power is critical to profitability in cryptocurrency mining. Falls in the value of Bitcoin and other cryptocurrencies in recent months mean even when powered by very low-cost electricity, many mining operations are <a href="https://www.cnbc.com/2018/04/19/bitcoin-miners-are-losing-money-at-any-price-below-8600-morgan-stanley.html">now struggling</a> to break even.<br></br> </p><br></br><p>Public utilities in Washington in the US <a href="https://cryptovest.com/news/washington-power-utility-to-hike-prices-for-crypto-miners/">last week</a> hiked electricity prices for mining operations.<br></br></p><br></br><aside class="readmore" id="brand-post-in-article-promo"> </aside><br></br><div id="quick-signup-article-widget"><br></br><div class="qs-article_widget"><br></br><h3>Join the newsletter!</h3><br></br><p> <!– <small>Computerworld"s twice-daily news service keeps you in touch with the latest, most important headlines from Australia and around the world.</small> –> </p><br></br><div class="qs-message" id="qs-message">Error: Please check your email address.</div><br></br></div></div><br></br><p class="tags"> Tags <a href="https://www.computerworld.com.au/tag/energy/">energy</a><a href="https://www.computerworld.com.au/tag/power/">power</a><a href="https://www.computerworld.com.au/tag/data-center/">Data Center</a><a href="https://www.computerworld.com.au/tag/cost/">cost</a><a href="https://www.computerworld.com.au/tag/solar/">solar</a><a href="https://www.computerworld.com.au/tag/solar-power/">solar power</a><a href="https://www.computerworld.com.au/tag/mining/">mining</a><a href="https://www.computerworld.com.au/tag/electricity/">electricity</a><a href="https://www.computerworld.com.au/tag/utilities/">Utilities</a><a href="https://www.computerworld.com.au/tag/sector/">SecTor</a><a href="https://www.computerworld.com.au/tag/bitcoin/">Bitcoin</a><a href="https://www.computerworld.com.au/tag/grid/">grid</a><a href="https://www.computerworld.com.au/tag/cryptocurrency/">cryptocurrency</a><a href="https://www.computerworld.com.au/tag/dc_1/">DC</a><a href="https://www.computerworld.com.au/tag/crypto/">Crypto</a><a href="https://www.computerworld.com.au/tag/dc-two/">DC Two</a><a href="https://www.computerworld.com.au/tag/data-centre/">Data Centre</a><a href="https://www.computerworld.com.au/tag/data/">data</a> </p><br></br><p class="tags companies"> More about <a href="https://www.computerworld.com.au/company/australia/">Australia</a> </p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9dafbea9f02 display:block !important;@media(min-width: 601px) .adace_adsense_5b9dafbea9f02 display:block !important;@media(min-width: 801px) .adace_adsense_5b9dafbea9f02 display:block !important;@media(min-width: 961px) .adace_adsense_5b9dafbea9f02 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9dafbea9f02" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/collie-solar-data-centre-proposal-gets-govt-backing/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-57106321506384205812018-09-16T01:19:00.000-07:002018-09-15T18:19:49.667-07:00ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity<p>https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQNoSEps0e7qMPFuQ0IxzFrOYlUBX0DvdxMlTNw6AVH-PAjH8EZvHazVACdM2VQKUN_iU4NgLUstA - </p><table cellpadding="2" cellspacing="3"><br></br><tr><br></br><td><img src="https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQNoSEps0e7qMPFuQ0IxzFrOYlUBX0DvdxMlTNw6AVH-PAjH8EZvHazVACdM2VQKUN_iU4NgLUstA"></img></td><br></br><td><br></br><ol style="margin: 0;padding: 0;"><strong><br></br><li><a href="https://www.newsbtc.com/2018/09/15/ecb-has-no-plans-to-launch-digital-currency-due-to-blockchain-immaturity/" target="_blank">ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity</a> <font color="#6f6f6f">newsBTC</font></li><br></br> </strong><br></br><li><a href="https://www.coininsider.com/central-bank-europe-cryptocurrency/" target="_blank">The Central Bank of Europe explores a digital currency, but has no current plans</a> <font color="#6f6f6f">Coin Insider (press release)</font></li><br></br><p><a href="https://news.google.com/story/dJrbk2RgLHv3EmMNv_7yPQamNmh9M?hl=en-AU&ned=au" target="_blank">Full coverage</a></p></ol><br></br></td><br></br></tr><br></br></table><br></br><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9dafaedfbef display:block !important;@media(min-width: 601px) .adace_adsense_5b9dafaedfbef display:block !important;@media(min-width: 801px) .adace_adsense_5b9dafaedfbef display:block !important;@media(min-width: 961px) .adace_adsense_5b9dafaedfbef display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9dafaedfbef" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9dafaee0483 display:block !important;@media(min-width: 601px) .adace_adsense_5b9dafaee0483 display:block !important;@media(min-width: 801px) .adace_adsense_5b9dafaee0483 display:block !important;@media(min-width: 961px) .adace_adsense_5b9dafaee0483 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9dafaee0483" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/ecb-has-no-plans-to-launch-digital-currency-due-to-blockchain-immaturity/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-62943584735028814862018-09-15T22:14:00.000-07:002018-09-15T15:14:45.514-07:00Cryptocurrency and Blockchain Hugely Popular at Universities<p>https://bitcoinist.com/wp-content/uploads/2018/02/leaf-3136422_1920-1024x683.jpg - </p> <br></br><p><strong>It often feels like the whole world of crypto is going to hell in a hand-basket. Perhaps we should take refuge in the knowledge that <a href="https://www.cnbc.com/2018/09/12/top-schools-like-wharton-seeing-demand-for-bitcoin-blockchain-classes.html" target="_blank" rel="follow noopener">blockchain courses at universities are as popular as ever</a>.</strong></p><br></br><hr></hr><br></br><h3>Supply and Demand</h3><br></br><p>According to a recent <a href="https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f" target="_blank" rel="noopener follow">study</a>, 9 percent of US undergraduates at universities throughout the globe polled had already taken a blockchain related <a href="https://bitcoinist.com/bitcoin-classes-proving-popular-illinois-colleges/" target="_blank" rel="noopener">class</a>, and 26 percent intended to. The courses are there, but institutions struggle to keep up with the current demand for them.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d844d0d57d display:block !important;@media(min-width: 601px) .adace_adsense_5b9d844d0d57d display:block !important;@media(min-width: 801px) .adace_adsense_5b9d844d0d57d display:block !important;@media(min-width: 961px) .adace_adsense_5b9d844d0d57d display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d844d0d57d" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><img class="aligncenter wp-image-57047" src="https://bitcoinist.com/wp-content/uploads/2018/02/leaf-3136422_1920-1024x683.jpg" alt="20180220_Ivy_league" width="672" height="448"></img></p><br></br><p>Universities such as <a href="https://www.thedp.com/article/2018/09/blockchain-cryptocurrency-wharton-engineering-mba-ripple-project-upenn-philadelphia" target="_blank" rel="noopener nofollow">UPenn</a>, Berkley and <a href="https://bitcoinist.com/emin-gun-sirer-eos-will-see-massive-exchange-hack-year/" target="_blank" rel="noopener">Cornell</a> offer courses on Cryptography, ‘Blockchain and CryptoEconomics’, and ‘Blockchain, Cryptocurrency and Distributed Ledger Technology’. Last year, one professor had <a href="https://www.nytimes.com/2018/02/08/technology/cryptocurrencies-come-to-campus.html" target="_blank" rel="follow noopener">100 students vying for just 25 places</a> in a blockchain class she co-taught.</p><br></br><h3>Vocation, Vocation, Vocation</h3><br></br><p>The main driver for this surge of interest is the job market. Over the last three years, the number of Bitcoin-related job postings on LinkedIn has increased massively. There has been a nine times increase in financial services jobs, and a four times increase in software positions.</p><br></br><p>Outside of the financial services and cryptocurrency industries, <a href="https://bitcoinist.com/blockchain-technologies-beyond-cryptocurrency-and-what-they-could-mean-for-you/" target="_blank" rel="noopener">blockchain is also increasing in popularity</a>. According to a 2018 survey by <a href="https://bitcoinist.com/pwc-survey-identifies-usual-suspects-as-hindrances-to-widespread-blockchain-adoption/" target="_blank" rel="noopener">PwC</a>, 84 percent of companies are “actively involved” in developing blockchain technology.</p><br></br><h3>Blockchain is Not an Island</h3><br></br><p>Educators are quick to point out that focussing entirely on blockchain would be a folly. To specialize in one area before a career has even started would be less useful than gaining a broader overview of computer science and engineering.</p><br></br><p>Furthermore, “tomorrow’s blockchains will look nothing like today’s,” says <a href="http://www.cs.cornell.edu/people/egs/" target="_blank" rel="noopener nofollow">Emin Gün Sirer</a>, Associate Professor of Computer Science at Cornell University. “We are not teaching people how to use today’s blockchains.”</p><br></br><p><img class="aligncenter wp-image-86389" src="https://bitcoinist.com/wp-content/uploads/2018/09/emin-980x653.jpg" alt="Furthermore, "tomorrow"s blockchains will look nothing like today"s," says Emin Gün Sirer, Associate Professor of Computer Science at Cornell University." width="695" height="463"></img></p><br></br><h3>Oh, and There was that Bitcoin Thing</h3><br></br><p>Naturally, last year’s Bitcoin <span class="coin-price-shortcode"><span class="price-usd">0</span><span class="change">0</span></span> mania also raised the profile of cryptocurrency outside of the classroom. Cornell, UPenn, and Berkeley all have active blockchain clubs that have seen a boost in interest from across the student spectrum during 2017.</p><br></br><p>It is positive that these future leaders of industry are at worst uncomfortable. At best, they are savvy to blockchain tech. It will certainly precipitate a refreshing shift from the progress-despising dinosaurs that the crypto community often deals with.</p><br></br><p><em><strong>What are your thoughts on the increasing number of university crypto-class attendees? Don’t hesitate to let us know in the comments below!</strong></em></p><br></br><hr></hr><br></br><p><em>Images courtesy of Shutterstock.</em></p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d844d0e2c6 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d844d0e2c6 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d844d0e2c6 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d844d0e2c6 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d844d0e2c6" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-and-blockchain-hugely-popular-at-universities/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-1120618431240801682018-09-15T21:00:00.001-07:002018-09-15T14:00:20.264-07:00From Kazakhstan to Uzbekistan: How Cryptocurrencies Are Regulated in Central Asia<p>https://s3.cointelegraph.com/storage/uploads/view/2ce1806d66f3b78493620f740ed73d6d.png - </p><p dir="ltr">As been reported on September 2, the president of Uzbekistan, Shavkat Mirziyoyev, <a href="https://cointelegraph.com/news/uzbekistan-creates-state-blockchain-development-fund">ordered</a> the establishment of a state blockchain development fund called the “Digital Trust.” Earlier in September, a decree legalizing crypto trading — also making it tax-free — and mining in the country came into force, making Uzbekistan a crypto-friendly state. But how is the rest of the Central Asia region is holding up?</p><br></br><p>The list below is based on thorough news research, but should in no way be considered complete. If you have more detailed information on banks and the crypto relationship in your country, we encourage you to share it in the comment section.</p><br></br><h2>Kazakhstan</h2><br></br><p><img alt="Kazakhstan" src="https://s3.cointelegraph.com/storage/uploads/view/2ce1806d66f3b78493620f740ed73d6d.png" title="Kazakhstan"></img></p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d72db11ace display:block !important;@media(min-width: 601px) .adace_adsense_5b9d72db11ace display:block !important;@media(min-width: 801px) .adace_adsense_5b9d72db11ace display:block !important;@media(min-width: 961px) .adace_adsense_5b9d72db11ace display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d72db11ace" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><em>Regulation</em></p><br></br><p>Kazakhstan has clearly shown its interest in cryptocurrencies. <a href="https://cointelegraph.com/news/yandex-study-shows-rising-interest-in-crypto-by-kazakhstanis">According to a study</a> published by the search engine Yandex in March, locals have been searching for crypto-related terms in frequency and the amount is several times higher this year as compared to 2017.</p><br></br><p>However, a definite regulatory framework has yet to be introduced in the country. There are signs that this situation might change in the near future, however: In May, Kazakhstan’s president, Nursultan Nazarbayev, <a href="https://cointelegraph.com/news/kazakhstans-president-calls-for-international-cooperation-in-crypto-regulation">called for global cooperation</a> in terms of crypto regulation.</p><br></br><p>Nazarbayev stressed that “most countries are actively exploring the possibility of adapting cryptocurrency to the current configuration of financial systems,” adding:</p><br></br><p>“At the same time, we see completely separate actions of states in this issue. And these disparate actions will lead to inefficiency. It is necessary to start developing common rules.”</p><br></br><p>The president’s comment followed the National Bank of Kazakhstan’s (NBK) announcement that they are going to ban crypto trading and mining in the country. On March 30, CBK head Daniyar Akishev <a href="https://ria.ru/world/20180330/1517627483.html" rel="nofollow,noopener" target="_blank">declared</a> in an interview with RIA Novosti:</p><br></br><p>“In Kazakhstan, the National Bank is very conservative toward [cryptocurrencies], I welcome only relatively tight regulations. To elaborate, we want to prohibit buying and selling of cryptocurrencies with the national currency, we want to ban exchanges on this field, we want to ban any kind of mining.”</p><br></br><p>Akishev cited investor protection, Anti-Money Laundering (AML) and Know-Your-Customer (KYC) measures as primary reasons behind a potential blanket ban on cryptocurrencies. He added that NBK’s point of view is shared by “the majority of public authorities” in Kazakhstan and that his agency has already “prepared” amendments to the law.</p><br></br><p><em>Blockchain</em></p><br></br><p>Kazakhstan is actively trying to become the region’s main blockchain hub: In June, the country’s capital, Astana, held “the most important event for fintech in Central Asia” — <a href="https://bconference.kz/ru/tag/blockchain-kazakhstan-ru/" rel="nofollow,noopener" target="_blank">a large blockchain conference</a> supported by some public authorities and the Kazakh Association for Blockchain and cryptocurrencies (KABC).</p><br></br><p>KABC was registered in November 2017 by at least six organisations, some of which are led by people who previously worked at local regulating bodies. The coalition’s chairman <a href="https://kapital.kz/tehnology/64608/sozdana-kazahstanskaya-associaciya-blokchejna-i-kriptovalyut.html" rel="nofollow,noopener" target="_blank">has previously stated</a> that their primary goal is to “define the rules for crypto and blockchain’s market jointly with the watchdog.”</p><br></br><p>Some of the country’s public authorities have already started researching crypto’s underlying technology. Thus, in April, the Ministry of Finance <a href="https://kapital.kz/finance/67829/blockchain-pomozhet-minfinu-v-borbe-s-serymi-shemami.html" rel="nofollow,noopener" target="_blank">announced</a> it was going to launch a blockchain-powered database, while a local cluster of innovation teamed up with IBM to study how the IT giant’s Hyperledger Fabric could be implemented for the local economy. </p><br></br><h2>Kyrgyzstan</h2><br></br><p><img alt="Kyrgyzstan" src="https://s3.cointelegraph.com/storage/uploads/view/271aeb07788392af8ba20758cad0f5d8.png" title="Kyrgyzstan"></img></p><br></br><p>Kyrgyzstan explicitly banned cryptocurrencies back in July 2014, when the National Bank of the Kyrgyz Republic <a href="http://www.nbkr.kg/all_news.jsp?news_type=NBKRNews&lang=ENG" rel="nofollow,noopener" target="_blank">issued</a> a statement warning that the use of Bitcoin and other virtual currencies as a form of payment is illegal under the national law:</p><br></br><p>“Under the legislation of the Kyrgyz Republic, the sole legal tender on the territory of our country is the national currency of Kyrgyzstan som. The use of ‘virtual currency,’ Bitcoins, in particular, as a means of payment in the Kyrgyz Republic will be a violation of the law of our state.”</p><br></br><p>The central bank also warned the citizens about Bitcoin’s lack of regulation and high levels of volatility. Around the same time, a Bitcoin ATM machine was installed in Bishkek by Italian financial analyst Emanuele Costa, who <a href="https://cointelegraph.com/news/bitcoins-remittance-revolution-comes-to-kyrgyzstan">argued</a> that the ATM could greatly impact the way migrant workers in Kyrgyzstan send money back home. According to the World Bank, migrant remittances from 2013 <a href="https://www.eurasianet.org/tajikistan-migrant-remittances-now-exceed-half-of-gdp" rel="nofollow,noopener" target="_blank">totaled 31 percent of Kyrgyzstan’s GDP</a>.</p><br></br><p>Despite the central bank’s harsh stance on crypto, virtual currencies are present in the country. As Valery Tutykhin, head of the International Finance Centre Development Agency, <a href="https://24.kg/english/80762_Blockchain_can_lead_international_investors_into_the_country/" rel="nofollow,noopener" target="_blank">told local news agency 24.kg</a>, investing in cryptocurrencies is possible in Kyrgyzstan:</p><br></br><p>“Our local investment market infrastructure can be used to legally invest into any crypto assets. Does someone want to buy cryptocurrencies? Let him do it through the local commodities exchange, and he will pay local taxes. Does someone want to raise capital for a startup through an Initial Coin Offering (ICO)? Let him do it through the local stock exchange. Its listing rules are not so complex.”</p><br></br><p><em>Blockchain </em></p><br></br><p dir="ltr">Despite the regulatory uncertainty, the Kyrgyz Republic has proven to be blockchain-friendly. According to a March report dubbed “<a href="http://kyrgyzbusiness.com/blockchain-legal-report-rus/" rel="nofollow,noopener" target="_blank">The Legal Status of Blockchain Technology in Kyrgyzstan</a>” that was commissioned by the Kyrgyz Stock Exchange and the International Finance Centre Development Agency and prepared by Geneva-based law firm John Tiner & Partners, the law of Kyrgyzstan does not prohibit or hinder the development of blockchain-based projects, including cryptocurrency mining and trading. </p><br></br><p dir="ltr">Specifically, the Kyrgyz Stock Exchange has been developing a blockchain-backed project to facilitate trade securities and make real-time settlements. Moreover, in April, the State Patent Office of Kyrgyzstan (KyrgyzPatent) <a href="https://cointelegraph.com/news/russian-ipchain-association-will-digitize-kyrgyzstans-patent-records">announced</a> that it will digitize patent records and create a blockchain-powered database with the help of the Russian National Intellectual Property Transactions Coordination Center (IPChain).</p><br></br><h2>Tajikistan</h2><br></br><p><img alt="Tajikistan" src="https://s3.cointelegraph.com/storage/uploads/view/6e50d276d61b748a363707cf6eeb0be4.png" title="Tajikistan"></img></p><br></br><p><em>Regulation</em></p><br></br><p>Cryptocurrencies are neither legal nor banned in Tajikistan. However, in January the National Bank of Tajikistan (NBT) voiced its opinion regarding the issue for the first time, calling Bitcoin “a terrorism financing tool.”</p><br></br><p dir="ltr">“Being based on experience of financial institutions, the National Bank warns nationals of Tajikistan of risks related to use of Bitcoins,” NBT <a href="https://www.news.tj/en/news/tajikistan/economic/20180116/tajik-central-bank-calls-bitcoin-a-terrorism-financing-tool" rel="nofollow,noopener" target="_blank">declared</a> in a written reply to Radio Liberty’s Tajik Service.</p><br></br><p><em>Blockchain</em></p><br></br><p>While the government of Tajikistan seems to ignore the technology, there are some blockchain projects in the country. Specifically, in June 2017, Hong Kong-based blockchain startup Bitspark teamed up with the United Nations Development Programme (UNDP) <a href="https://blog.bitspark.io/bitspark-united-nations-mission-to-tajikistan-pt-2/" rel="nofollow,noopener" target="_blank">to study the potential for blockchain remittances</a> as a way to improve financial inclusion in Tajikistan.</p><br></br><p dir="ltr">According to Bitspark research, Tajikistan remains an underbanked country, as an estimated 85 percent to 90 percent of the population do not have formal banking accounts. Instead, they rely on alternative services for domestic and international payments, an area where blockchain <a href="https://cointelegraph.com/news/do-banks-even-want-to-go-blockchain">has shown some progress</a>.</p><br></br><h2>Turkmenistan</h2><br></br><p><img alt="Turkmenistan" src="https://s3.cointelegraph.com/storage/uploads/view/978bab3fc8132a64b5fd852f63efccc4.png" title="Turkmenistan"></img></p><br></br><p><em>Regulation</em></p><br></br><p>There’s no concrete information regarding virtual currencies’ legal status in Turkmenistan. According <a href="https://miningclub.info/threads/kak-kupit-kriptovaljutu-v-turkmenistane.41262/" rel="nofollow,noopener" target="_blank">to responses posted on a thread on a Russian mining forum</a>, where the opening poster asked whether it was possible to buy cryptocurrencies in Turkmenistan, even the over-the-counter (OTC) markets are barely present in the region. Reportedly, virtual currencies there can only be bought with U.S. dollars, but the government has been <a href="https://habartm.org/archives/8367" rel="nofollow,noopener" target="_blank">actively</a> <a href="https://www.reuters.com/article/us-turkmenistan-economy-exclusive-idUSKCN100153" rel="nofollow,noopener" target="_blank">limiting</a> access to foreign currency for local companies and citizens.</p><br></br><h2>Uzbekistan</h2><br></br><p><img alt="Uzbekistan" src="https://s3.cointelegraph.com/storage/uploads/view/fe695161ff5226753d24c894e4407d77.png" title="Uzbekistan"></img></p><br></br><p><em>Regulation</em></p><br></br><p>Recently, Uzbekistan has introduced a number of positive regulation laws for the local crypto industry, namely recognizing trading and mining, as well as exempting local crypto traders from taxation.</p><br></br><p>The country’s president, Shavkat Mirziyoyev, has <a href="https://static.norma.uz/official_texts/%D0%9E%20%D0%BC%D0%B5%D1%80%D0%B0%D1%85%20%D0%BF%D0%BE%20%D0%BE%D1%80%D0%B3%D0%B0%D0%BD%D0%B8%D0%B7%D0%B0%D1%86%D0%B8%D0%B8%20%D0%B4%D0%B5%D1%8F%D1%82%D0%B5%D0%BB%D1%8C%D0%BD%D0%BE%D1%81%D1%82%D0%B8%20%D0%BA%D1%80%D0%B8%D0%BF%D1%82%D0%BE-%D0%B1%D0%B8%D1%80%D0%B6%20%D0%B2%20%D0%A0%D0%B5%D1%81%D0%BF%D1%83%D0%B1%D0%BB%D0%B8%D0%BA%D0%B5%20%D0%A3%D0%B7%D0%B1%D0%B5%D0%BA%D0%B8%D1%81%D1%82%D0%B0%D0%BD.pdf" rel="nofollow,noopener" target="_blank">signed a law legalizing the activities of crypto exchanges</a>, which came into force on Sept. 2. According to the decree, foreign nationals can only trade cryptocurrencies in Uzbekistan by means of creating a subsidiary in the country. The law also specifies a minimum capital requirement of roughly $710,000 to register a crypto exchange.</p><br></br><p>Moreover, crypto traders will not be subject to Uzbek stock market regulations and will be relieved of their obligation to pay taxes on trading revenues.</p><br></br><p dir="ltr">Under the new legislation, crypto exchanges must also comply with counterterrorism and AML laws. They are also bound to store information on crypto transactions, clients’ personal data and their correspondences for five years.</p><br></br><p><em>Blockchain</em></p><br></br><p>The local government has not ignored blockchain, either. In September, President Mirziyoyev <a href="https://cointelegraph.com/news/uzbekistan-creates-state-blockchain-development-fund">also ordered</a> the establishment of a state blockchain development fund titled the “Digital Trust,” according to a document <a href="http://lex.uz/pages/techscr.aspx" rel="nofollow,noopener" target="_blank">published on the official government website</a>.</p><br></br><p>The fund’s primary goal is to integrate blockchain into various government projects, including healthcare, education and cultural areas. The organization will also be responsible for international investment in the Uzbek digital economy. The Digital Trust will reportedly be funded by the National Agency of Project Management, in addition to international loans and grants.</p><br></br><p>Furthermore, in July, Mirziyoyev <a href="https://cointelegraph.com/news/president-of-uzbekistan-signs-decree-on-blockchain-integration-tax-exclusions-for-crypto">signed</a> the order “On measures for digital economics development in the Republic of Uzbekistan.” The document makes provisions for blockchain to be integrated into local public administration.</p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d72db11fe4 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d72db11fe4 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d72db11fe4 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d72db11fe4 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d72db11fe4" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/from-kazakhstan-to-uzbekistan-how-cryptocurrencies-are-regulated-in-central-asia/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-49791617830636601742018-09-15T21:00:00.000-07:002018-09-15T14:00:02.398-07:00International report - Cryptocurrency regulation is on the way in Autumn 2018<p>- </p><div><br></br><p>Since 2017, bitcoin, cryptocurrencies and blockchain-based technologies have been a frequent area of focus for regulators in Russia. The prevalence of these technologies was prompted by the rapid emergence of:</p><br></br><ul><br></br><li>initial coin offerings (ICOs);</li><br></br><li>thousands of blockchain-based projects that aim to attract funding on cryptocurrency markets; and</li><br></br><li>active mining and trading activities.</li><br></br></ul><br></br><p>As is often the case with proactive markets, regulators have largely been forced to catch up. In March 2018 a number of draft bills regulating cryptocurrency, ICOs and crowdfunding were introduced to the State Duma, including:</p><br></br><p>In May 2018 the long-awaited draft bills were approved in the first reading at the State Duma. The bills introduce various concepts that are new to Russian legislation, such as:</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d72c9903d2 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d72c9903d2 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d72c9903d2 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d72c9903d2 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d72c9903d2" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><ul><br></br><li>digital rights;</li><br></br><li>digital financial assets (including cryptocurrencies and tokens);</li><br></br><li>smart contracts;</li><br></br><li>mining; and</li><br></br><li>a distributed register of digital transactions.</li><br></br></ul><br></br><p>The primary goal of the legislation is to provide a legal platform on which to introduce more detailed regulation of the circulation of cryptocurrencies in Russia.</p><br></br><p><strong>Legal status of cryptocurrency</strong></p><br></br><p>The documents answer the key question as to the legal nature of cryptocurrencies by qualifying them as an electronic property that has been created by cryptographic means (digital financial assets). ‘Digital financial assets’ include cryptocurrencies and tokens. The main difference between a cryptocurrency and a token is that a token is issued by one issuer while a cryptocurrency is created by numerous issuers. Neither is recognised as a means of payment.</p><br></br><p><strong>Mining and </strong><strong>crypto-exchange </strong></p><br></br><p>Mining is expected to be legitimised as an entrepreneurial activity through the creation or validation of a cryptocurrency with the aim of making a profit. Mining can be considered an entrepreneurial activity, provided that the miner exceeds the limits of the power of consumption for three consecutive months. To qualify mining as an entrepreneurial activity requires obtaining commercial status by either an individual or a company.</p><br></br><p>With respect to exchange and circulation, the new legislation permits an exchange for rubles or foreign currency only. The exchange between digital financial assets is allowed, but the procedure and conditions for such an exchange will be established by the Central Bank of Russia and the government. Cryptocurrency exchange activity is allowed only to Russian companies that have qualified status under the Law on Securities Marker (No 39) and the Law on Organised Bidding.</p><br></br><p><strong>Crowdfunding</strong></p><br></br><p>The Draft Bill on Alternative Methods of Attracting Investments (Crowdfunding) provides for regulation of the ICO procedure, which includes publication of an investment memorandum, public offer and other documents required for token issuance on the website by the issuer. The publication must also contain a conclusion of contracts, including those in the form of smart contracts, aimed at the acquisition and payment of tokens. The document clarifies that one token must have only one issuer.</p><br></br><p>The document defines ‘crowdfunding’ as a service that provides access to an investment platform for conclusion contracts, based on which investment is being raised. The process of crowdfunding implies the simultaneous conclusion of two service contracts:</p><br></br><ul><br></br><li>a service contract on raising investments between a platform operator and those entities seeking investment; and</li><br></br><li>a service contract on the contribution to investment between a platform operator and investors.</li><br></br></ul><br></br><p>Investments to the project through investment platforms can be made by any persons, including unqualified investors and individuals not registered as individual entrepreneurs. The investment platform must be operated by a Russian legal entity with capital of at least Rb5 million ($72,463) and the platform must be included in the special register of investment platforms.</p><br></br><p>The draft bills were intended to address a perceived gap in the current legislation. Considering the urgency in preparing the documents, the bills will likely be subject to thorough review in order to ensure their compatibility with the existing legal framework and their enforceability.</p><br></br><p>The State Duma is planning to review the draft bills in their second and third hearing, which will likely bring further changes to the legislation, before adopting them in Autumn 2018.</p><br></br><p>Although the draft bills received some criticism from business owners for providing fragmentary regulations, their introduction affirms the Russian government’s position as a professional crypto-player on the global cryptocurrency market.</p><br></br></div><br></br><p> <span class="author-name">Meldir Erbulekova</span><br></br><span class="name-of-firm">Gowling WLG (International) Inc</span><br></br><span class="firm-website"><a href="https://gowlingwlg.com" target="_blank">View website</a></span><br></br><span class="firm-email">Email: meldir.erbulekova@gowlingwlg.com</span><br></br><span class="firm-email">Tel: +7 495 787 2070</span> </p><br></br><p><strong><em>This is a co-published article whose content has not been commissioned or written by the</em> IAM <em>editorial team, but which has been proofed and edited to run in accordance with the</em> IAM <em>style guide.</em></strong></p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d72c9907ae display:block !important;@media(min-width: 601px) .adace_adsense_5b9d72c9907ae display:block !important;@media(min-width: 801px) .adace_adsense_5b9d72c9907ae display:block !important;@media(min-width: 961px) .adace_adsense_5b9d72c9907ae display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d72c9907ae" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/international-report-cryptocurrency-regulation-is-on-the-way-in-autumn-2018/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-22068551289731595172018-09-15T20:59:00.000-07:002018-09-15T13:59:37.864-07:00Ripple can be the dark horse cryptocurrency of 2018: Ripple Price Predictions – XRP Price Today -Sat Sept 15<p>https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/Ripple-XRP-Price-News-What-is-accelerating-the-fall-of-Ripple-What-is-the-problem-with-the-future-of-XRP.jpeg?resize=696%2C449&ssl=1 - </p><div class="td-post-featured-image"><img width="696" height="449" class="entry-thumb" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/Ripple-XRP-Price-News-What-is-accelerating-the-fall-of-Ripple-What-is-the-problem-with-the-future-of-XRP.jpeg?resize=696%2C449&ssl=1" alt="" title="Ripple XRP Price News- What is accelerating the fall of Ripple? What is the problem with the future of XRP?"></img></div><br></br><p>Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser known cryptocurrencies or at the mainstream cryptocurrencies like Bitcoin or the Ethereum. The truth is that it can be Ripple which can be the dark horse cryptocurrency of 2018.</p><br></br><p><strong>Consistent growth:</strong></p><br></br><p>When you look at the number of clients which Ripple has signed up in order to use its protocol, you would find that the client list is consistently rising. Thus, the popularity of Ripple, as well as the uses of Ripple, is consistently rising as well. This is one of the main reasons why the cryptocurrency can increase significantly in 2018.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d72b0571c0 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d72b0571c0 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d72b0571c0 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d72b0571c0 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d72b0571c0" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><h2>Instant transactions:</h2><br></br><p>As compared to Bitcoin and Ethereum, the transactions of Ripple are concluded within a few seconds. This is one of the main advantages of Ripple. This is also the reason why it is slated to be one of the best payment processing solutions all over the world. Currently, banks, as well as other financial institutions, use much more expensive means to conduct cross-border transactions. Also, the time period which is taken by these protocols is also on the higher side. That is why Ripple is much better as compared to some of the other protocols which are currently being used as well.</p><br></br><p>Also, the clients which Ripple is adding are not just any other companies. They are some of the topmost banks as well. Owing to this very reason, it is important to understand that the popularity of Ripple is increasing by adding marquee client names. No other cryptocurrency has such clients under them. This is one of the main reasons why the value of Ripple can actually increase significantly.<br></br>Moreover, the CEO of Ripple as well as the development team is pretty confident that they would be able to add more and more clients consistently as well. This would ensure that they are able to increase the value of the token significantly.</p><br></br><p>With a proper application for the cryptocurrency, it is just a matter of time before the external investors as well as financial companies also understand the importance of the Ripple protocol and start investing in them. This would be a huge trigger for the token and the prize of the token would raise astronomically inspite of a 1000% rise in the last 12 to 18 months which has rewarded its investors.</p><br></br><h2><strong>Meet Ripple, the world’s most practical financial network</strong></h2><br></br><p>What are we, as a society, if we aren’t able to build robust relationships based on trust? That, and honor should be in front of every social interaction involving human beings, including financial transactions.</p><br></br><p>As the world shifts towards a more digital, cryptography-protected way of doing business, traditional banking platforms are being slowly phased out the financial scope. Only those willing to adjust and including more efficient payment system, which is both faster and safer, will be able to maintain in the business and survive.</p><br></br><h2><strong>Ripple Price Today</strong></h2><br></br><p>The Ripple platform represents one of those innovative systems. While it has been around since 2012, it is still solidly backing up banking and financial institutions in their quest to provide more efficient and faster transactions that can be built around customers’ trust in each other and the network.</p><br></br><p>Ripple is a project based on small free software that pursues the development of a credit system based on the end-to-end paradigm. Each Ripple node functions as a local exchange system, in such a way that the entire network forms a decentralized mutual bank.</p><br></br><p>In other words, the Ripple platform is a distributed social service based on the honor and trust of existing people in real-world social networks. In this way, financial capital is based on social capital. A reduced version of the Ripple network would consist of an extension of the existing hierarchical banking system.</p><br></br><h2><strong>Ripple: an exciting, feature-rich network</strong></h2><br></br><p>To understand Ripple’s place in the crypto universe, we have to value its contributions to the industry. In addition to being one of the most renowned digital tokens out there – even competing for the second spot in market share, behind Bitcoin, with options such as Dash, Litecoin, and Ethereum – it is also one of the most efficient payment networks for financial transactions in the planet.</p><br></br><p>The Ripple technology is, in fact, more widely known for its digital payment protocol than for being a cryptocurrency. Since being co-founded by Chris Larsen and Jed McCaleb in 2012, it has flourished, reaching worldwide recognition and market success via the digital coin, the XRP.</p><br></br><p>Ripple functions in a decentralized platform that fosters money transfers in any form. It is open source and peer to peer, and can work with several exchanges and currencies, physical or crypto, such as US dollars, Yen, Litecoin, and Bitcoin.</p><br></br><p>To work correctly, Ripple implements the Gateway medium, which serves as the link in the trust chain between two parties wanting to make a transaction. Gateway is the credit intermediary, the one in charge of receiving the funds to public addresses managed within the Ripple platform. In Ripple, anyone can sign up and open a gateway that authorizes that person to be the middleman for exchanging currencies.</p><br></br><p>The XRP (Ripple) is the associated cryptocurrency of the platform. It performs the part of a bridge currency to other tokens without discriminating between fiat and crypto, facilitating exchanges between different coins.</p><br></br><p>According to Ripple’s chief cryptographer, David Schwartz, the payment systems of today are where the email was in the early ’80s. Every provider built their system for their customers, and if people used different ones, they couldn’t easily interact with each other. The purpose of Ripple is enabling the connection of different payment systems together.</p><br></br><p><img class="aligncenter size-full wp-image-10425" src="https://i1.wp.com/smartereum.com/wp-content/uploads/2018/04/ripple-trading-exchange.jpg?resize=696%2C373&ssl=1" alt="ripple trading exchange" width="696" height="373"></img></p><br></br><h2><strong>2012: Ripple is born</strong></h2><br></br><p>Ripple’s original and intellectual authors are Arthur Britto, David Schwartz, and Ryan Fugger. They formed the Ripple Company in 2012 and came up with the initial release. The latest version or release was on February 20th, 2018.</p><br></br><p>The project is written in C++ code, under the operating systems GNU/Linux (RHEL, CentOS, Ubuntu), Windows, and OS X. We can consider Ripple to be a real-time gross settlement, currency exchange, and remittance network.</p><br></br><p>Ripple’s first significant period ranged from 2012 to 2013, involving OpenCoin and Ripple Labs. OpenCoin started the development phase of a new payment protocol, named Ripple Transaction Protocol (RTXP), with Fugger’s ideas, primarily instant money transfer between two parties. By that time, the company had already created its digital currency, the XRP, in the same mold as Bitcoin.</p><br></br><p>Later, between 2014 and 2017, Ripple began to focus on the banking market, with Ripple Labs taking part in related projects. They experimented with an App for iPhone that enabled users to send and receive transfer between them. Since 2013, the Ripple protocol has been adopted by numerous financial institutions to offer an alternative remittance option to people.</p><br></br><p>German bank Fidor was the first to use the Ripple network to allow cross-border payments, in the first part of 2014. American institutions Cross River Bank and CBW Bank quickly followed, and later on, Ripple began working with Earthport.</p><br></br><p>From that point on, success followed, and more prominent banking institutions, such as HSBC and Bank of America, utilize the Ripple protocol to perform operations in astonishingly quick times.</p><br></br><h2><strong>Ripple’s bread and butter: the consensus protocol</strong></h2><br></br><p>Bitcoin, along with other renowned cryptocurrencies in the market, performs its operations with the proof-of-work system. Others, such as Nxt, use proof-of-stake; but Ripple implements the consensus protocol.</p><br></br><p>The consensus protocol validates account balances and transactions in the network, improving overall integrity by avoiding double spending. The system will automatically delete malicious advances from morally shady people looking to send one deal to multiple gateways.</p><br></br><p>In short, the protocol consists of distributed nodes deciding by consensus the transaction’s pecking order through a majority vote. One would think that they take a lot of time to complete. Well, five seconds isn’t a whole lot, is it? Ripple is a decentralized platform because it doesn’t involve any governance or central authorities in any part of the process.</p><br></br><p>While the transactions are all made public in the consensus ledger, there is still anonymity because they can’t be linked with the involved people’s ID or account. All users or gateways have a database of every registered IOU.</p><br></br><h2><strong>Get to know Ripple’s benefits</strong></h2><br></br><p>The consensus ledger that the Ripple system implements is versatile and fast enough that each day, more and more banks and financial institutions are adopting it as their preferred way to perform their business operations.</p><br></br><p>Ripple provides an improvement on the traditional way that banks use to work. The transactions are completed, settled and registered in a matter of seconds despite the high amount of traffic that the platform experiences every day. That is a vast improvement over, say, the Bitcoin system, which takes an average of ten minutes to complete an operation.</p><br></br><p>Traditional banks and financial institutions can take days, or even weeks, to perform a wire transfer, and let’s face it, that delay isn’t going to cut it in our current financial reality. On top of all that, the transaction fees in Ripple are almost non-existent: the minimum is 0.00001 XRP. That’s nothing if you compare it to the costs of a cross-border payment.</p><br></br><h2><strong>Ripple, the token</strong></h2><br></br><p>The Ripple network has an associated cryptocurrency; the XRP, which has the power of liquidity by serving as a bridge between other means of payment, making the exchange more comfortable for all parties involved in a transaction.</p><br></br><p>Judging by data as recent as June 2017, the XRP was the world’s the third largest cryptocurrency by market cap of $11.94 billion. The first is Bitcoin (BTC,) at $45.26 billion, and the second is Ethereum (ETH) at $31.53 billion.</p><br></br><h2><strong>Ripple Token info</strong></h2><br></br><p><strong>52-week High</strong>: 3.3153</p><br></br><p><strong>52-week Low</strong>: 0.1500</p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Ripple Market Cap</strong>: </a></p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Ripple Volume</strong>: </a></p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Ripple Circ. Supply</strong>: </a></p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Max. Supply</strong>: </a></p><br></br><p>While there are no central authorities that control Ripple’s price and behavior in the market, the right answer to the question seems to be no: the platform is not entirely decentralized. That doesn’t mean it isn’t successful, as worldly famous financial institutions such as Santander, Bank of America, UBS, American Express, RBC, and Westpac, just to name a few, use it for operations.</p><br></br><p>The blockchain technology doesn’t allow any party or the network itself to control anything regarding transactions, whereas these banks and institutions, using the Ripple’s distributed ledger, can charge their specified transaction fees.</p><br></br><p>People can’t pre-mine XRPs, unlike the cases of Ethereum and Bitcoin. They are fully decentralized platforms backed by millions of miners all around the planet. No person or entity can have control over them. Ripple, administrated by the Ripple company, sees its nodes handled and managed by the mentioned financial institutions.</p><br></br><p>There is a maximum number of Ripple tokens to be hand in the world, set at the moment of its inception to the market. The said number can’t go higher, which means that there aren’t any new XRPs being created.</p><br></br><p><strong>Ripple and Bitcoin: differences and complementary traits</strong></p><br></br><p>While numerous people within the industry state that Bitcoin and Ripple are competitors, that may not be precisely the case. There are some differences, though: Bitcoin implements the proof-of-work system, which is a piece of data difficult (costly, time-consuming) to produce but easy for others to verify. It has to satisfy a set of requirements, too. In the case of Bitcoin, it implements the Hashcash proof of work system.</p><br></br><p>Ripple, meanwhile, uses the already explained distributed ledger, the “consensus” one, so there are notable differences in the modus operandi. Ripple is owned and administrated by OpenCoin and the Ripple Company, whereas Bitcoin is a decentralized system in which there are no central authorities.</p><br></br><p>Now, what would you say if we told you that Ripple’s traits and features could benefit Bitcoin users? Remember, Ripple is best known and has attained most of its international recognition, as a payment system or protocol.</p><br></br><p>Ripple can provide Bitcoin with more ways to connect with those using other forms of currency, as it preaches expedited transactions and increased stability. On top of that, Ripple is a distributed network and therefore does not depend on a single company to manage and secure the transaction database. As a result of that scenario, users don’t have to wait for block confirmations.</p><br></br><p>Selena Larson of CNN Tech explains that Ripples (XRP) cannot be created, or “mined,” by users as it happens with Bitcoin and other cryptocurrencies. The company has control of its destiny in that regard.</p><br></br><p><img class="aligncenter size-full wp-image-8837" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment-worth-25-million-price.jpg?resize=696%2C229&ssl=1" alt="Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price" width="696" height="229"></img></p><br></br><h2><strong>Ripple Price Prediction in 10 Years</strong></h2><br></br><p><strong>Ripple’s 10 year projection: success!</strong></p><br></br><p>After a down period recently, Ripple’s value is starting to go up again. This may be your last chance to buy on the cheap! Experts agree upon the notion that, given the network’s popularity, well-built platform, worldwide investing interests and penetration in the media and mainstream society, Ripple is bound to grow in the short, medium, and long-term.</p><br></br><p>For starters, pundits continually say that the possibility of Ripple ending 2018 at a value nearing $10 is very much attainable. You may see the figure and may think that is not a lot, but consider that it is currently at less than a dollar: that would be more than ten times its actual price! Imagine how much money could be made with high volume investments.</p><br></br><p>Based on current projections, most people within the business agree that Ripple’s value can go up to the $200-$300 range in ten years. It is in the company’s best interest if the price continues to rise, because it will make XRP less volatile.</p><br></br><p><strong>Final thoughts</strong></p><br></br><p>In conclusion, not only is Ripple one of the most relevant payment and exchange networks in the industry but also, it is one a prominent cryptocurrency in a world full of them. That is not the interesting fact about it: the XRP is trending up, and has tons of room to grow!</p><br></br><p>Pundits and cryptocurrency experts point at Ripple when they are asked about the digital tokens with the most potential for 2018 and beyond. After Bitcoin, which is the industry’s leader, there is no clear-cut second placeholder. Maybe, we are starting to experience the rise and consolidation of Ripple.</p><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div><br></br> <h3 class="jp-relatedposts-headline"><em>Related</em></h3><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d72b057bce display:block !important;@media(min-width: 601px) .adace_adsense_5b9d72b057bce display:block !important;@media(min-width: 801px) .adace_adsense_5b9d72b057bce display:block !important;@media(min-width: 961px) .adace_adsense_5b9d72b057bce display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d72b057bce" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/ripple-can-be-the-dark-horse-cryptocurrency-of-2018-ripple-price-predictions-xrp-price-today-sat-sept-15/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-71623589979525442018-09-15T19:06:00.000-07:002018-09-15T12:06:44.755-07:00Illegally Released NSA Hacker Tool EternalBlue Being Used to Mine Cryptocurrency<p>https://3mgj4y44nc15fnv8d303d8zb-wpengine.netdna-ssl.com/wp-content/uploads/2018/09/One-Year-After-Their-Illegal-Release-the-NSAs-Classified-Exploits-Are-Still-Being-Used-to-Mine-Crypto-696x449.jpg - </p><div class="td-post-featured-image"><img width="696" height="449" class="entry-thumb" src="https://3mgj4y44nc15fnv8d303d8zb-wpengine.netdna-ssl.com/wp-content/uploads/2018/09/One-Year-After-Their-Illegal-Release-the-NSAs-Classified-Exploits-Are-Still-Being-Used-to-Mine-Crypto-696x449.jpg" alt="One-Year-After-Their-Illegal-Release-the-NSAs-Classified-Exploits-Are-Still-Being-Used-to-Mine-Crypto" title="One-Year-After-Their-Illegal-Release-the-NSAs-Classified-Exploits-Are-Still-Being-Used-to-Mine-Crypto"></img></div><br></br><h2>One Year After Their Illegal Release, the NSA’s Classified Exploits Are Still Being Used to Mine Crypto</h2><br></br><p>One year ago, the National Security Agency suffered one of the worst leaks in its history: <em>a series of classified exploits built by the NSA were stolen and published online</em>. Today, those exploits continue to be used to <a href="https://bitcoinexchangeguide.com/cryptocurrency-replay-attacks-security/">attack cryptocurrency miners worldwide</a>.</p><br></br><p>One of the exploits, called <em>EternalBlue</em>, is a particularly effective backdoor exploit. EternalBlue can be used to silently break into virtually any Windows machine in the world.</p><br></br><p><a href="https://bitcoinexchangeguide.com/top-9-hacker-proof-methods-to-secure-your-bitcoin-crypto-tokens/">Hackers</a> have used EternalBlue to install <a href="https://bitcoinexchangeguide.com/how-to-check-personal-computers-for-cryptocurrency-mining-malware/">ransomware on thousands of computers</a> worldwide. Government organizations, corporations, and even entire towns have ground to a halt due to EternalBlue ransomware attacks.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d583e271b3 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d583e271b3 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d583e271b3 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d583e271b3 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d583e271b3" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><strong>EternalBlue</strong> isn’t the ransomware itself; instead, EternalBlue is simply the exploit that <em>allows attackers to install ransomware</em>. Over the last few months, attackers have used the EternalBlue exploit to install WannaCry and NotPetya, two of the world’s most popular <a href="https://bitcoinexchangeguide.com/top-5-biggest-2018-ico-scams-ponzi-schemes-crypto-thefts-hacks-so-far/">ransomware programs.</a> After infecting a single computer in the network, this malware targets other devices on the network.</p><br></br><p>Today, however, the <em>EternalBlue backdoor</em> is being used for a new purpose: <em>to install cryptocurrency mining software on users’ computers</em>.</p><br></br><h3>Microsoft Released a Patch Over a Year Ago</h3><br></br><p>After a software exploit leaks online, the software company typically scrambles to patch that exploit as soon as possible.</p><br></br><p>That’s exactly what happened last year when the NSA’s Windows exploits were posted online. Microsoft quickly released patches slamming the EternalBlue backdoor shut and preventing any further attacks.</p><br></br><p>Despite the rapid fix, however, “almost a million computers and networks are still unpatched and vulnerable to attack,” <a href="https://techcrunch.com/2018/09/14/cryptocurrency-mining-attacks-using-leaked-nsa-hacking-tools-are-still-highly-active-a-year-later/">according to security firms</a>.</p><br></br><p>Microsoft released the patch all the way back in March 2017. To this day, however, computers worldwide remain highly vulnerable to the EternalBlue backdoor.</p><br></br><h3>How NSA Exploits Are Being Used for Cryptocurrency Mining</h3><br></br><p>If you’re able to remotely gain control of thousands of computers worldwide, then you can profitably mine cryptocurrency. That’s exactly what modern hackers are doing with EternalBlue and other exploits.</p><br></br><p>In days gone by, these hackers might have installed ransomware and pried a few hundred dollars out of infected users.</p><br></br><p>Today, however, things have changed, and users’ machines are being quietly used to mine cryptocurrency. As TechCrunch explains:</p><br></br><blockquote><br></br><p>“Although WannaCry infections have slowed, hackers are still using the publicly accessible NSA exploits to infect computers to mine cryptocurrency.”</p><br></br></blockquote><br></br><p><a href="https://bitcoinexchangeguide.com/cybersecurity-experts-say-cryptocurrency-crimes-a-growing-concern-for-users/">Security experts</a> are calling such attacks “<strong>WannaMine</strong>”. The software uses exploits like EternalBlue to attack a computer. Then, once the backdoor is open, the WannaMine cryptocurrency mining software is installed, and that software is quickly propagated across the network.</p><br></br><p>One major Fortune 500 multinational company knows that better than anyone. That company was recently hit by <em>WannaMine</em>. After the first machine was infected with the WannaMine cryptocurrency mining virus, the virus quickly spread to 1,000 other machines in the company’s network.</p><br></br><p><a href="https://bitcoinexchangeguide.com/midland-canada-is-fighting-bitcoin-ransomware-attacks-from-hackers-to-regain-network-access/">Cryptocurrency mining attacks</a> are nothing new. Last year, as crypto prices surged, we saw a number of infected websites use <a href="https://bitcoinexchangeguide.com/crypto-clipboard-hijacker-malware-is-tracking-2-3-million-bitcoin-addresses/">crypto mining scripts to hijack your browser’s</a> processing power and devote it to cryptocurrency mining.</p><br></br><p>Some websites also use this system in a legitimate way: instead of running advertisements, they run a cryptocurrency mining script. Your computer’s processing power is used for cryptocurrency mining when you visit the website, and you don’t see advertisements. WannaMine, However, Works Differently.</p><br></br><h3>WannaMine Can Mine Cryptocurrency “Faster and More Efficiently” While Going Unnoticed</h3><br></br><p>We saw clunky cryptocurrency attacks in the past. WannaMine crypto mining exploits, however, work in a different way.</p><br></br><p>Today’s WannaMine virus is faster and more efficient at mining cryptocurrency than ever before. Security researchers at Cybereason.com <a href="https://www.cybereason.com/blog/wannamine-cryptominer-eternalblue-wannacry">recently posted a good writeup on the attack</a>.</p><br></br><p>Essentially, WannaMine is able to mine cryptocurrency efficiently while remaining undetected. <em>One strategy used</em> by the exploit is to activate the mining script just before the computer goes to sleep:</p><br></br><blockquote><br></br><p>“The PowerShell script will also change the power management settings on the infected machine just before the miners are dropped to prevent the machine from going to sleep and maximize mining power availability”</p><br></br></blockquote><br></br><p>The end result is a cryptocurrency mining exploit that works more efficiently – and more quietly – than other miners that have come before it. Your computer might be mining cryptocurrency all night – but you won’t know it because it only occurs when you’ve stepped away from your computer.</p><br></br><h3>Conclusion</h3><br></br><p><strong>EternalBlue</strong> continues to be a persistent thorn in the side of security experts worldwide. Discovered over a year ago, <em>EternalBlue was patched by Microsoft in March 2017</em>. Today, however, over a million computers remain vulnerable to the attack, and that’s why cryptocurrency mining attacks like WannaMine are spreading worldwide.</p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d583e27b9f display:block !important;@media(min-width: 601px) .adace_adsense_5b9d583e27b9f display:block !important;@media(min-width: 801px) .adace_adsense_5b9d583e27b9f display:block !important;@media(min-width: 961px) .adace_adsense_5b9d583e27b9f display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d583e27b9f" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/illegally-released-nsa-hacker-tool-eternalblue-being-used-to-mine-cryptocurrency/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-52282555483659314362018-09-15T15:19:00.000-07:002018-09-15T08:19:14.303-07:00Cryptocurrency Market Update: Tezos Jumps 25% as Mainnet Launch Looms<p>https://s3.amazonaws.com/main-newsbtc-images/2018/09/15093545/tezoschart3.jpg - </p> <br></br><h5>Markets are pretty flat this Saturday; Tezos, Monero, and Nano are having a good start to the weekend.</h5><br></br><p>Crypto markets have remained steady as we enter the weekend. No more gains have been made but they haven’t dumped again either. Total market capitalization has remained above $200 billion for the time being.</p><br></br><p>Bitcoin has not moved in 24 hours and is still trading at $6,530. It could go back up to $6,600 and either bounce off the resistance level or make a break out. Technical indicators are siding with bearish momentum at the moment. <a href="https://www.newsbtc.com/2018/09/14/cryptocurrency-market-update-ethereum-bites-back-surging-25-in-two-days/">Ethereum</a> has maintained its gains and has added another 4% today to take it to just above $215.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d22eb6ab0c display:block !important;@media(min-width: 601px) .adace_adsense_5b9d22eb6ab0c display:block !important;@media(min-width: 801px) .adace_adsense_5b9d22eb6ab0c display:block !important;@media(min-width: 961px) .adace_adsense_5b9d22eb6ab0c display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d22eb6ab0c" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>Altcoins are mostly in the green this morning according to Coinmarketcap. The top ten sees Monero out in front with an 9% gain to $122, while Litecoin is up 7% to $58 and Bitcoin Cash has lost out slightly. Further down the list things are pretty flat, Binance Coin is up 5% and Zcash 6%. Nano is doing well today also with a gain of 14% to $2.67.</p><br></br><p><img class="alignnone size-full wp-image-350524" src="https://s3.amazonaws.com/main-newsbtc-images/2018/09/15093545/tezoschart3.jpg" alt="tezos" width="1433" height="628"></img></p><br></br><p>Today’s FOMO champion is Tezos which is pumping 25% on the day to trade at $1.62. On the week XTZ has climbed 38% from $1.23 and volume has surged from $2 million to nearly $7 million on the day. Tezos mainnet launch is imminent and Monday will see it go live;</p><br></br><blockquote class="twitter-tweet"><br></br><p lang="en" dir="ltr">Have a great weekend, everyone, because mainnet arrives Monday!</p><br></br><p>— Tezos Foundation (@TezosFoundation) <a href="https://twitter.com/TezosFoundation/status/1040640714424508416?ref_src=twsrc%5Etfw" target="_blank" rel="follow noopener">September 14, 2018</a></p><br></br></blockquote><br></br><p>This is driving weekend momentum and Gate.io is getting most of the trade with over 70%. Tezos has made almost 40% on the month when most other altcoins have crumbled. After Tezos and Nano, Maker, Aurora and MOAC are the only other altcoins in double figures at the moment with the three tokens up 10 – 12 percent on the day.</p><br></br><p>Total crypto market capitalization has crept up about one percent on the day and is currently at $202 billion. Trade volume however as cooled off dropping from $14 to $11 billion. Bitcoin dominance is also falling back a little and is now down to 55.6%.</p><br></br><p>More on Tezos can be found here: <a href="https://www.tezos.com/" target="_blank" rel="nofollow noopener">https://www.tezos.com/</a></p><br></br><p><em>FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.</em></p><br></br> <br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d22eb6b7ff display:block !important;@media(min-width: 601px) .adace_adsense_5b9d22eb6b7ff display:block !important;@media(min-width: 801px) .adace_adsense_5b9d22eb6b7ff display:block !important;@media(min-width: 961px) .adace_adsense_5b9d22eb6b7ff display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d22eb6b7ff" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-market-update-tezos-jumps-25-as-mainnet-launch-looms/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-17772788879146139322018-09-15T15:05:00.001-07:002018-09-15T08:05:44.417-07:00Newcastle considering launching own currency<p>- </p> <br></br><p><strong>Newcastle United and Cardiff City are in talks with micro-financing company SportyCo over launching their own cryptocurrencies, according to <a href="https://www.thetimes.co.uk/article/newcastle-united-and-cardiff-city-may-launch-currencies-rtkhr579j">The Times</a>.</strong></p><br></br><p>The national newspaper claim that the Magpies and the Bluebirds are considering this commercial scheme as it could help raise funds to boost their chances of surviving in the Premier League.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d1fc15f866 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d1fc15f866 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d1fc15f866 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d1fc15f866 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d1fc15f866" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>The Times report that the new potentially money-making scheme was implemented by a Brazilian Serie B team Avaí last week with them becoming the first club to launch their own cryptocurrency.</p><br></br><p>It is believed that investors as well as supporters would be able to buy the new currency in the form of tokens in the hope of making some profit on them in the future.</p><br></br><div class="inblog_ad"> <br></br><br></br><a href="https://secserv.adtech.de/adlink/3.0/1639/6311250/0/16/ADTECH;loc=300" target="_blank"><img src="https://secserv.adtech.de/adserv/3.0/1639/6311250/0/16/ADTECH;loc=300" width="1" height="1"></img></a><br></br><br></br></div><br></br><p><strong>OPINION</strong></p><br></br><p><em>Anything that brings further funds to the Magpies is a positive but then there’s also going to be doubts whether the newly gained funds will be invested in the team. Rafa Benitez wasn’t exactly handed a huge transfer budget in the summer and it was easy to suggest that the club could have justified spending more as there should have been more money available. Yet if cryptocurrency ends up being a huger generator for football teams than the Magpies would be wise to jump on the hype train as early as possible. The Times claims that other Premier League teams will monitor the results of the Bluesbirds and the Magpies’ if they venture into digital financing and decide whether to get in on the action themselves from that point. This shows that the early numbers must imply that it is a worthwhile scheme to implement as other sides in the division wouldn’t be sniffing around the idea of deploying it anytime soon.</em></p><br></br> <br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d1fc15fdb7 display:block !important;@media(min-width: 601px) .adace_adsense_5b9d1fc15fdb7 display:block !important;@media(min-width: 801px) .adace_adsense_5b9d1fc15fdb7 display:block !important;@media(min-width: 961px) .adace_adsense_5b9d1fc15fdb7 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d1fc15fdb7" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/newcastle-considering-launching-own-currency/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-69886253738339374302018-09-15T15:05:00.000-07:002018-09-15T08:05:27.074-07:00Bitcoin [BTC]"s adaptability in the current regulatory system explained by Spencer Bogart<p>https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQhAUVsl93rXCz6P8DAUukzN-ZXIbFszCrkPDAz9v8PYlwe8u_f4QFdKwT6XNbZyxF_7EflUmwssQ - </p><table cellpadding="2" cellspacing="3"><br></br><tr><br></br><td><img src="https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQhAUVsl93rXCz6P8DAUukzN-ZXIbFszCrkPDAz9v8PYlwe8u_f4QFdKwT6XNbZyxF_7EflUmwssQ"></img></td><br></br><td><br></br><ol style="margin: 0;padding: 0;"><strong><br></br><li><a href="https://ambcrypto.com/bitcoin-btcs-adaptability-in-the-current-regulatory-system-explained-by-spencer-bogart/" target="_blank">Bitcoin [BTC]’s adaptability in the current regulatory system explained by Spencer Bogart</a> <font color="#6f6f6f">AMBCrypto</font></li><br></br> </strong><a href="https://news.google.com/story/?hl=en-AU&ned=au" target="_blank">Full coverage</a></ol><br></br></td><br></br></tr><br></br></table><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d1fb0ce7ea display:block !important;@media(min-width: 601px) .adace_adsense_5b9d1fb0ce7ea display:block !important;@media(min-width: 801px) .adace_adsense_5b9d1fb0ce7ea display:block !important;@media(min-width: 961px) .adace_adsense_5b9d1fb0ce7ea display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d1fb0ce7ea" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/bitcoin-btcs-adaptability-in-the-current-regulatory-system-explained-by-spencer-bogart/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-18360950010487091342018-09-15T14:49:00.000-07:002018-09-15T07:49:16.530-07:00Ethereum Consolidates Newly-Won Growth as Wider Crypto Market Falters<p>https://s3.cointelegraph.com/storage/uploads/view/0b37941a38e4106d787a38400d478a1f.png - </p><p dir="ltr">Friday, September 14: After yesterday’s <a href="https://cointelegraph.com/news/market-rebounds-ethereum-soars-18-back-over-200-bitcoin-regains-6-500-mark">bullish upswing,</a> crypto markets have today been hit with widely-dispersed corrections. Ethereum (<a href="https://cointelegraph.com/ethereum-price-index">ETH</a>) is today’s most resilient large-market-cap altcoin, seeing the most notable growth on the day among the top twenty cryptoassets, as data from <a href="https://coin360.io/" rel="nofollow,noopener" target="_blank">Coin360</a> shows.</p><br></br><p dir="ltr"><img alt="Market visualization" src="https://s3.cointelegraph.com/storage/uploads/view/0b37941a38e4106d787a38400d478a1f.png" title="Market visualization"></img></p><br></br><p dir="ltr"><em>Market visualization by <a href="https://coin360.io/" rel="nofollow,noopener" target="_blank">Coin360</a></em></p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d1be60c33a display:block !important;@media(min-width: 601px) .adace_adsense_5b9d1be60c33a display:block !important;@media(min-width: 801px) .adace_adsense_5b9d1be60c33a display:block !important;@media(min-width: 961px) .adace_adsense_5b9d1be60c33a display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d1be60c33a" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p dir="ltr">After soaring 18 percent on the day yesterday, September 13 – and peaking as high as $223 during early trading hours today – <a href="https://cointelegraph.com/ethereum-price-index">Ethereum</a> has seen a tempering downwards, before regaining some losses in the hours before press time.</p><br></br><p dir="ltr">At its current <a href="https://cointelegraph.com/ethereum-price-index" rel="nofollow" target="_blank">$214</a> price point, the top alt has sealed a solid almost 4 percent of growth on the day.</p><br></br><p dir="ltr">Even as Ethereum sees a bullish couple of days on the markets, fresh research from TrustNodes has revealed <a href="https://cointelegraph.com/news/trustnodes-icos-sold-160-000-ethereum-over-the-past-10-days">data</a> that may account for the top alt’s middle-term price weakness.</p><br></br><p dir="ltr">According to TrustNodes, in the 10 days leading up to September 13, Initial Coin Offering (<a href="https://cointelegraph.com/tags/ico">ICO</a>) projects have sold three times more ETH than they did in August, with major <a href="https://cointelegraph.com/news/crypto-markets-see-another-wave-of-red-despite-bullish-news-from-major-industry-players">implications</a> for <a href="https://cointelegraph.com/news/crypto-markets-see-sharp-decline-as-total-market-cap-drops-12-billion-in-one-hour">price performance</a>.</p><br></br><p dir="ltr">Ethereum remains down almost 9 percent on its weekly chart, but has significantly closed down its losses on the month, which are now at 26.3 percent.</p><br></br><p dir="ltr"><img alt="Ethereum 7-day price chart" src="https://s3.cointelegraph.com/storage/uploads/view/80b527cd7be51fdc569d0a16688e5097.png" title="Ethereum 7-day price chart"></img></p><br></br><p><em>Ethereum 7-day price chart. Source: Cointelegraph <a href="https://cointelegraph.com/ethereum-price-index">Ethereum Price Index</a></em></p><br></br><p dir="ltr">Having reclaimed the $6,500 mark yesterday, Bitcoin (BTC) is trading just slightly down today at <a href="https://cointelegraph.com/bitcoin-price-index">$6,480</a> as of press time, seeing a negligible percentage loss over the 24 hour period. The leading crypto briefly tumbled back to $6,430, shedding $150 in value in a narrow two-hour time window earlier today, after trading as high as $6,580. Bitcoin has since bounded upwards in a jagged recovery in the hours before press time.</p><br></br><p dir="ltr">On the week, Bitcoin is just about breaking even, with monthly gains at a solid 3.67 percent.</p><br></br><p dir="ltr"><img alt="Bitcoin 24-hour price chart" src="https://s3.cointelegraph.com/storage/uploads/view/a7ad3790007d92d1c1817a893663c54d.png" title="Bitcoin 24-hour price chart"></img></p><br></br><p dir="ltr"><em>Bitcoin 24-hour price chart. Source: Cointelegraph <a href="https://cointelegraph.com/bitcoin-price-index">Bitcoin Price Index</a></em></p><br></br><p dir="ltr">Among the other top ten coins on <a href="https://coinmarketcap.com/" rel="nofollow,noopener" target="_blank">CoinMarketCap</a>, virtually all cryptoassets are seeing mild losses on the day, mostly capped below 2.5 percent. The only alt to have shed fractionally more is Stellar (<a href="https://coinmarketcap.com/currencies/stellar/" rel="nofollow,noopener">XLM</a>), ranked 6th, which is down 3.22 percent to trade at around $0.20 at press time.</p><br></br><p dir="ltr">Litecoin (<a href="https://coinmarketcap.com/currencies/litecoin/" rel="nofollow,noopener" target="_blank">LTC</a>) and Monero (<a href="https://coinmarketcap.com/currencies/monero/" rel="nofollow,noopener" target="_blank">XMR</a>) are the only top ten coins aside from Ethereum to see any growth, but only just, both up under 2 percent on the day to press time.</p><br></br><p dir="ltr">Among the top twenty coins by market cap, Dogecoin (<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow,noopener" target="_top">DOGE</a>), ranked 20th, has seen the heftiest losses, down 5.5 percent on the day. DOGE notably saw relatively lacklustre growth yesterday, as the wider market soared, but is still significantly up on its monthly chart after a vertiginous price hike in early September.</p><br></br><p><img alt="Dogecoin 1-month price chart" src="https://s3.cointelegraph.com/storage/uploads/view/98049772fb2683f7a32bcbe7d9ef29eb.png" title="Dogecoin 1-month price chart"></img></p><br></br><p dir="ltr"><em>Dogecoin 1-month price chart. Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow,noopener" target="_blank">CoinMarketCap</a></em></p><br></br><p dir="ltr">Binance exchange’s native token, Binance Coin (<a href="https://coinmarketcap.com/currencies/binance-coin/" rel="nofollow,noopener" target="_blank">BNB</a>), ranked 16th, is the only other top twenty coin to see green, up 1.89 percent on the day to trade at $9.79 at press time.</p><br></br><p dir="ltr">Dash (<a href="https://coinmarketcap.com/currencies/dash/" rel="nofollow,noopener" target="_blank">DASH</a>), IOTA (<a href="https://coinmarketcap.com/currencies/iota/" rel="nofollow,noopener" target="_blank">MIOTA</a>) and TRON (<a href="https://coinmarketcap.com/currencies/tron/" rel="nofollow,noopener" target="_blank">TRX</a>) are each down around 2 percent on the day to press time.</p><br></br><p dir="ltr">Total market capitalization briefly spiked as high as <a href="https://coinmarketcap.com/charts/" rel="nofollow,noopener" target="_blank">$204.3</a> earlier today, but has since declined to $201.1 billion as of press time.</p><br></br><p dir="ltr">The week has been a volatile and uneven one, during which total market cap briefly plummeted to around $186.3 billion September 13, but have managed to almost fully regain losses.</p><br></br><p><img alt="7-day chart of the total market capitalization of all cryptocurrencies" src="https://s3.cointelegraph.com/storage/uploads/view/f950d2e6049b2e96009b3ea6764b0e71.png" title="7-day chart of the total market capitalization of all cryptocurrencies"></img></p><br></br><p dir="ltr"><em>7-day chart of the total market capitalization of all cryptocurrencies from <a href="https://coinmarketcap.com/charts/" rel="nofollow,noopener" target="_blank">CoinMarketCap</a></em></p><br></br><p dir="ltr">As investors nervously eye the markets, Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, claimed that <a href="https://cointelegraph.com/tags/cryptocurrencies">cryptocurrency</a> prices have hit a bottom in a <a href="https://twitter.com/novogratz/status/1040288811643809798?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1040288811643809798&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2018%2F09%2F13%2Fmichael-novogratz-calls-a-bottom-in-cryptocurrencies.html" rel="nofollow,noopener" target="_blank">tweet</a> yesterday, September 13.</p><br></br><p dir="ltr">He further <a href="https://cointelegraph.com/news/galaxy-digital-ceo-mike-novogratz-calls-crypto-price-bottom">noted</a> that the <a href="https://cointelegraph.com/news/bloomberg-partners-novogratzs-galaxy-digital-capital-to-release-crypto-benchmark-index">Bloomberg Galaxy Crypto Index</a> (BGCI) – which is designed to measure the performance of the largest cryptocurrencies traded in <a href="https://cointelegraph.com/tags/usa">U.S.</a> dollars – “retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble.”</p><br></br><p dir="ltr">Moreover, today saw a further revelation that capped a positive week for potential institutional investor exposure to Bitcoin and other crypto assets. <a href="https://cointelegraph.com/tags/usa">U.S.</a> stock brokerage firm EF Hutton <a href="https://cointelegraph.com/news/wall-streets-ef-hutton-wants-to-raise-60-mln-issuing-crypto-instruments-coins-tokens">unveiled</a> plans to issue $60 million in various cryptocurrency instruments as of January 2019, the same week as it <a href="https://globenewswire.com/news-release/2018/09/12/1569642/0/en/EF-Hutton-Sponsors-ACEx-A-New-Cryptocurrency-Exchange.html" rel="nofollow,noopener" target="_blank">confirmed</a> it was the major sponsor of a forthcoming U.S. <a href="https://cointelegraph.com/tags/cryptocurrency-exchanges">cryptocurrency exchange</a> that will be known as ACEx.</p><br></br><p>EF Hutton’s plans followed hot on the heels of <a href="https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients">reports</a> that <a href="https://cointelegraph.com/tags/usa">U.S.</a> banking giant <a href="https://cointelegraph.com/tags/morgan-stanley">Morgan Stanley</a> plans to offer clients Bitcoin trade swaps, the same week as Citigroup insiders <a href="https://cointelegraph.com/news/citigroup-to-let-investors-trade-custodian-held-cryptocurrency-sources-claim">hinted</a> it is also planning an entry into crypto-based products.</p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9d1be60cd6f display:block !important;@media(min-width: 601px) .adace_adsense_5b9d1be60cd6f display:block !important;@media(min-width: 801px) .adace_adsense_5b9d1be60cd6f display:block !important;@media(min-width: 961px) .adace_adsense_5b9d1be60cd6f display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9d1be60cd6f" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/ethereum-consolidates-newly-won-growth-as-wider-crypto-market-falters/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-34079845682760532972018-09-15T11:24:00.000-07:002018-09-15T04:24:31.569-07:00Bitcoin Price Prediction 2018: Can cryptocurrency hit $50000 this year? -Bitcoin News Today – Sat Sept 15<p>https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/The-Reasons-Why-The-Price-Of-Bitcoin-Has-Fallen-Below-10000.jpg?resize=696%2C348&ssl=1 - </p><div class="td-post-featured-image"><img width="696" height="348" class="entry-thumb" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/The-Reasons-Why-The-Price-Of-Bitcoin-Has-Fallen-Below-10000.jpg?resize=696%2C348&ssl=1" alt="" title="The Reasons Why The Price Of Bitcoin Has Fallen Below 10,000"></img></div><br></br><p>Can Bitcoin hit $ 50,000 this year? While most of the cryptocurrencies are much below their earlier highs but there are newer and newer predictions coming up for cryptocurrencies. One such prediction is that Bitcoin can rise to as high as $ 50,000 in the calendar year 2018.</p><br></br><p>A cryptocurrency portfolio manager by the name of Jeet Singh, stated at World Economic Forum in Davos, that the current volatility is completely normal when it comes to the cryptocurrencies space. He also stated that it is normal for cryptocurrencies to fluctuate by 70% to 80%. This is one of the main reasons why the current volatility does not worry him at all.</p><br></br><p>He compared cryptocurrencies to the current bellwether companies like Microsoft as well as Apple. Initially, their stocks were also pretty volatile. However, as the companies develop their business model, the stocks not only rose but they become much more stable as well.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cebe871b76 display:block !important;@media(min-width: 601px) .adace_adsense_5b9cebe871b76 display:block !important;@media(min-width: 801px) .adace_adsense_5b9cebe871b76 display:block !important;@media(min-width: 961px) .adace_adsense_5b9cebe871b76 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cebe871b76" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><h2><strong>Bitcoin Price Today</strong></h2><br></br><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><br></br><p lang="en" dir="ltr">What is your <a href="https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw">#Bitcoin</a> prediction by end of 2018?<a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw">#Cryptocurrency</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/BTC?src=hash&ref_src=twsrc%5Etfw">#BTC</a> <a href="https://twitter.com/hashtag/Market?src=hash&ref_src=twsrc%5Etfw">#Market</a> <a href="https://twitter.com/hashtag/Prediction?src=hash&ref_src=twsrc%5Etfw">#Prediction</a></p><br></br><p>— Salih Sarikaya 🚀 (@SalihSarikaya) <a href="https://twitter.com/SalihSarikaya/status/1004462280820420608?ref_src=twsrc%5Etfw">June 6, 2018</a></p></blockquote><br></br> <br></br><p><strong>SEE ALSO:</strong> <a href="https://smartereum.com/5551/bitcoin-price-predictions-2018-how-high-can-bitcoin-price-go-in-2018/"><strong>Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? Up to $1 million or down to $100? (In-Depth Analysis)</strong></a></p><br></br><p>However, many of the investors are actually currently worried due to the high volatility in cryptocurrencies. According to him, however, long-term investors need not fear the volatility at all. Since they are here to stay for a longer period of time, they would have no problem at all in holding the cryptocurrencies for a longer period of time as well.</p><br></br><p>He further added that Bitcoin would reach as high as $ 50,000 this year. If indeed that happens, the current price of Bitcoin being around just $ 10,000, that would be a fivefold increase once again.</p><br></br><p>Whether the portfolio manager is right or wrong, only time would be able to tell. The truth is that currently, many of the investors are worried about putting new money into Bitcoins. Only once they are sure that the volatility would end and the Bitcoin resumes its uptrend you can be sure that most of the investors would actually get ready to invest in this cryptocurrency.</p><br></br><p>For now, however, most of the investors are keeping away from the cryptocurrency boom. Many of the investors are just holding their holdings patiently in order to find out whether the cryptocurrencies resume their uptrend or not. It is still too uncertain for most of the investors to take a call. On the other hand, institutions are increasing their presence in the cryptocurrencies pace as well which is sure to benefit the cryptocurrencies space and would add value and credibility to the cryptocurrencies in the future as well. This is one of the main reasons why it is not seeing further fall after creating a bottom few weeks back. Also, once the regulatory hurdles are sorted, you can be sure that the value of cryptocurrencies would again more.</p><br></br><p>tags: bitcoin price prediction today usd, bitcoin forecast 2018, bitcoin price prediction chart, bitcoin forecast 2020, bitcoin forecast 2017, bitcoin price prediction 2019<br></br>—<br></br><strong>Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? Up to $1 million or down to $100? (In-Depth Analysis)</strong></p><br></br><p>Bitcoin prices in 2018 have been marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for the experienced analysts. As at the time of writing, the price of Bitcoin took a dip from 10k to under 8k following news that search engine giants, <a href="https://smartereum.com/5378/google-bans-crypto-ads-june-2018/" target="_blank" rel="noopener"><u>Google will ban crypto-related ads</u></a>. So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster we say in 2017.</p><br></br><p>History generally has a way of repeating itself but bitcoin has a lot of history which makes it an equal challenge predicting which history will be repeated. It takes more than a study of past trends to get predictions spot-on this time and so we ended this article by highlighting certain area expert analysts were looking at.</p><br></br><p>Analysts, enthusiast, and industry figures have very diverging opinions and bitcoin price predictions for both long and short-term. Optimism is still high in many quarters—reports of a new survey among British financials suggest a wide majority will buy more coins in hope of price resurgence later this year.</p><br></br><p>As we delve into who’s saying what and why, here’s a heads-up. Expect a lot more price fluctuations in the interim. It’s going to be a bumpy ride getting to wherever Bitcoin is headed by the year’s end.</p><br></br><h3><strong>Surely, Bitcoin is headed up – John McAfee</strong></h3><br></br><p>John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, is being very positive about Bitcoin. He predicted that Bitcoin price will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed.</p><br></br><blockquote class="twitter-tweet"><br></br><p lang="en" dir="ltr">When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. <a href="https://t.co/WVx3E71nyD">pic.twitter.com/WVx3E71nyD</a></p><br></br><p>— John McAfee (@officialmcafee) <a href="https://twitter.com/officialmcafee/status/935900326007328768?ref_src=twsrc%5Etfw">November 29, 2017</a></p><br></br></blockquote><br></br><p>Bitcoin Price Prediction Tracker portal, Bircoin.top, did the maths and explain that Bitcoin needs to grow daily at 0.4840957034310259% per day.to meet McAfee’s prediction. Currently, Bitcoin is around $ 8,207 compared to $ 7,171. Cool right? However, to hit McAfee’s target, BTC would end the year just over $29k.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>“BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d**k if wrong” </em>– John McAfee[/perfectpullquote]</p><br></br><p>Apart from the economics behind the limited supply of Bitcoin, his prediction considered the factors like the increased adoption of Bitcoin and blockchain as well as a total cryptocurrency’s market cap around $162 billion which gives large room for growth.</p><br></br><h2>Expect stability only after 10 years – Kristjan Dekleva (Hedge)</h2><br></br><p>The Swiss-based financial expert will have us brace up for a decade of turbulence before any hope for a stable bitcoin. This he suggests will coincide with a general acceptance of Bitcoin even in hard-stance China. This though, not as a fiat replacement but a viable alternative.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>“In my opinion, it will be at least 10 years before we see stability”. </em>– Kristjan Dekleva (Hedge)[/perfectpullquote]<br></br>The finance expert at cryptocurrency project Hedge sees Bitcoin investments as all-too-similar to the DotCom bubble of the 90s.</p><br></br><p>So Mr. Dekleva, what are we having for supper in 2018?</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>“In the short-term, falls have been driven by emotion and in many cases disinformation – a small rumor can have a big impact…</em>Demand is driven by market speculation, but the absence of institutional investors means the market is unstable.[/perfectpullquote]</p><br></br><p>Instability it is. Next stop is the prestigious Harvard.</p><br></br><h2>Bitcoin to shrink to $100 – Kenneth Rogoff (Harvard Prof & ex IMF chief)</h2><br></br><p>Known for his <a href="https://smartereum.com/857/former-imf-chief-economist-thinks-bitcoin-will-crash/">disparaging remarks</a> against Bitcoin, a former chief economist at the International Monetary Fund’s (IMF) Kenneth Rogoff has poured icy water on hopes of Bitcoin making it to the moon.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>“I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now…I would see $100 as being a lot more likely than $100,000.” </em>– Kenneth Rogoff[/perfectpullquote]<br></br>Rogoff’s prediction is based on his long-held belief that governments will rise against anonymous virtual currencies like Bitcoin. Government regulations, according to Rogoff, will pop the Bitcoin bubble but a Bitcoin pioneer on Wall Street thinks along very different lines.</p><br></br><h2>Bitcoin to reach $25k in 2018 – Tom Lee (Snr. partner Fundstrat; ex-chief JP Morgan)</h2><br></br><p>Popular Bitcoin forecaster <a href="https://smartereum.com/3351/bitcoin-price-predictions-2018-bitcoin-will-reach-25000-in-2018-and-125000-by-2022-bitcoin-price-today-march-14-2018-daily-price-analysis/">Tom Lee expects Bitcoin to reach $25,000</a> by mid-2018, more than double its price of about $10,000 in January when the prediction was originally made.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>“We expect bitcoin’s major low to be $9,000, and we would be aggressive buyers around that level,” </em>– Tom Lee[/perfectpullquote]<br></br>Though Bitcoin went below Lee’s base of $9,000 (nearing $6,000), it has bounced out reaching in March $11,000. It will take a ride similar to the one we witnessed last year for Bitcoin to reach this mark. To make this happen, Lee is counting on more institutional investors taking on Bitcoin and a steady increase in Bitcoin user base. Lee’s target may be half the mark according to fellow crypto-believer.</p><br></br><h2>Volatile Bitcoin to touch $50,000 – Jeet Singh (cryptocurrency portfolio manager)</h2><br></br><p>Speaking in January at the World Economic Forum in Davos, experienced cryptocurrency fund manager, Jeet Singh predicted that the price of Bitcoin will go as high as $50,000. He warned of heavy price fluctuations which he believes is only normal for a Bitcoin market that is still maturing.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>Bitcoin could definitely see $50,000 in 2018…We will probably go through a suffering period of volatility around the time of Bitcoin’s next $10,000 landmark.” </em>– Jeet Singh[/perfectpullquote]<br></br>Just like Lee, Singh expects Bitcoin to be adopted not just in the black market but by institutions and entire countries. If 50k seems too optimistic, how about 100k from the “Nostradamus of Markets”?</p><br></br><h2>Bitcoin is the future; Fiat is Past – (Tim Draper, Venture Capitalist)</h2><br></br><p>In 2014 with bitcoin at only $413, popular VC, Tim Draper predicted bitcoin to reach $10,000 in three years. This was fulfilled a month earlier than he predicated earning him a reputation among crypto fans. Though he didn’t categorically, predict a $100k Bitcoin in 2018, He said he expected the Bitcoin to continue its growth in an interview with Bloomberg last year. Tim Draper has made successful bets with Tesla, Skype, and Twitter in the past.</p><br></br><p>Assuming this growth happens at the same pace as the 3-year journey to $10k then we’re in for six digits. Maniacal right? That’s exactly how Draper feels about Bitcoin prospects. Now onto someone who understands a lot about bitcoin’s foundation.</p><br></br><h2>Bitcoin will hit $ 40,000 – Llew Claasen (Executive Director, Bitcoin Foundation)</h2><br></br><p>Last month, Llew Classen made a bold statement to reassure Bitcoin believers that the cryptocurrency is on the right track –specifically, on track to reach the $40,000 mark. Though his outlook for some altcoin holders was not very encouraging, he made it clear that as something new, cryptocurrency will be as risky as it is exciting.</p><br></br><h2>Bitcoin to pass $43K by December 2018 – (Survey by Finder.com)</h2><br></br><p>Finder.com sought opinions of 13 cryptocurrency experts and concluded that Bitcoin price will witness a 300% growth to land at $43,000 by the end of the year. The site also predicted Bitcoin at over $14K by March 1.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“While we saw the top 10 coins dive by 24 percent last month, our survey shows panelists are expecting this to be a bump in the road as these coins are set to recover.” – Jon Ostler, UK CEO, finder.com[/perfectpullquote]</p><br></br><p>Ostler noted that the predictions were not cast in stone as they can easily be swayed by “outside factors such as regulations, laws, and banking systems”</p><br></br><h2>Bitcoin Will hit $320,000 someday – Cameron Winklevoss (co-founder, Gemini)</h2><br></br><p>One of the popular Winkelvoss twins, Cameron Winklevoss recently said that he could easily see the price of BTC go up 40% someday. This year maybe? Not likely. The twin said he and his brother were taking longer outlook, 10 to 20 years.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“Bitcoin is actually fixed in supply so it’s better than scarce … it sort of equals a better gold across the board. We think regardless of the price moves in the last few weeks, it’s still a very underappreciated asset.” – Winklevoss [/perfectpullquote]<br></br>The fourth wealthiest cryptocurrency investor weighed bitcoin’s prospect against gold and came up with a resounding verdict. <strong>“We believe bitcoin disrupts gold,” </strong>He said.</p><br></br><h2>Bitcoin will reach $1million – Bobby Lee (CEO BTCC Exchange)</h2><br></br><p>Bobby Lee, CEO of China’s first Bitcoin exchange speaking at the London Blockchain Week went overboard with his prediction. Lee said bitcoin will surpass $1 million but unlike McAfee, he could see this happen in 20 years’ time.</p><br></br><p>[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]<em>“Bitcoin, I think will get to $1 million per bitcoin…Right now it’s 10,000, it will go 100,000 and then 200,000, 500,000.” </em>– Bobby Lee[/perfectpullquote]</p><br></br><h2><strong>IN SUMMARY</strong></h2><br></br><p>A good number of analysts have also had their say though very few would be drawn into actual predictions. We observed a general trend in their assessments.</p><br></br><h3><strong>Expect Price Fluctuations:</strong></h3><br></br><p>At this stage, bitcoin and cryptocurrencies will be greatly affected by speculations. Even small developments in governments, traditional will likely affect prices. Most say the fluctuations are normal and wouldn’t affect the longer term outlook.</p><br></br><h3><strong>Long-term outlook</strong></h3><br></br><p>Experts would prefer to make predictions over a longer period. It is more common to have bitcoin price predictions for 2020 or a 10 to 20-year outlook. While the current reality may suggest some gloom, it’s worth remembering that the heights achieved last year came amidst similar corrections along the way. It’s only the 1st quarter of the year.</p><br></br><h3><strong>Bitcoin will be the standard for virtual currencies.</strong></h3><br></br><p>Though bitcoin may have a limited use case, it has been tipped to remain the king of all cryptocurrencies. It’s not going to be a case of “which altcoin will overtake bitcoin” rather how they will impress with their special use cases. It is a fact that the technology behind bitcoin is less sophisticated when compared to many other projects like ethereum.</p><br></br><h3><strong>Bitcoin as a store of value</strong></h3><br></br><p>Gradually, bitcoin is being seen more as a store of value that an actual currency being compared to gold and other assets. Bitcoin was originally designed as an alternative currency to bank the unbanked. Most decision making bodies and financial experts, however, see Bitcoin more as a store of value, an asset rather than a medium of transaction.</p><br></br><h3><strong>Many Altcoins will suffer</strong></h3><br></br><p>Part of the process that will lead to general acceptance of cryptocurrencies will include a clean-up of “useless” cryptocurrencies. A good number of the 2000 coins will naturally go away as their value become worthless—some, only a fraction of cent. Brad Garlinghouse, the CEO of Ripple and Llew Claasen of Bitcoin Foundation are among those raising this alarm.</p><br></br><h3><strong>Economics of Scarcity</strong></h3><br></br><p>The limited supply of bitcoin—a fixed supply 21 million BTCs—will play a role in its price; if not now, in the future.</p><br></br><h2><strong>Outside factors will play a significant role</strong></h2><br></br><p>Many observers believe that outside factors which affect the adoption of bitcoin will ultimately dictate the price in the short-term. The creation and performance of futures markets, for instance, is expected to tilt the price either way.</p><br></br><h3><strong>There are still concerns about bitcoins used for illicit purposes</strong></h3><br></br><p>Due to the anonymity of Bitcoin transactions, it has been used to conduct illegal activities giving Bitcoin a general bad image. This image, analysts believe will affect its adoption and ultimately its prospects in the future.</p><br></br><h3><strong>Finally, Caution against risking your life savings </strong></h3><br></br><p>Crypto investments are new and super-risky. Remember ethereum founder saying that cryptos are so risky the prizes might actually drop to zero. Well, that doesn’t seem practical but the message was clear. Do not invest your life savings in bitcoin or cryptocurrencies generally. Just like John Draper noted, you still need to buy stuff in fiat. So while bitcoin will likely worth a lot more in the future, it’s advisable to invest just as much as one can afford to lose.</p><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div><br></br> <h3 class="jp-relatedposts-headline"><em>Related</em></h3><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cebe872bcc display:block !important;@media(min-width: 601px) .adace_adsense_5b9cebe872bcc display:block !important;@media(min-width: 801px) .adace_adsense_5b9cebe872bcc display:block !important;@media(min-width: 961px) .adace_adsense_5b9cebe872bcc display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cebe872bcc" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/bitcoin-price-prediction-2018-can-cryptocurrency-hit-50000-this-year-bitcoin-news-today-sat-sept-15/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-51969130540839649672018-09-15T10:08:00.001-07:002018-09-15T03:08:30.534-07:00Paid By Coins: Piper Alderman adopts cryptocurrency service<p>https://au.res.keymedia.com/files/image/iStock_bitcoin-fintech-81977009_SMALL.jpg - </p><div><img src="https://au.res.keymedia.com/files/image/iStock_bitcoin-fintech-81977009_SMALL.jpg" class="ff-og-image-inserted"></img></div><br></br><div class="wide_skyscraper_banner"><br></br> <br></br><div id="div-gpt-ad-16060018-0" class="Ad160x600"> <br></br> <br></br> </div><br></br> </div><br></br> <div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cda169d853 display:block !important;@media(min-width: 601px) .adace_adsense_5b9cda169d853 display:block !important;@media(min-width: 801px) .adace_adsense_5b9cda169d853 display:block !important;@media(min-width: 961px) .adace_adsense_5b9cda169d853 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cda169d853" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a> has adopted the Paid By Coins cryptocurrency payment service, expanding its partnership with Australian technology innovation company Lakeba.</p><br></br><p><br></br><br></br><br></br></p><br></br><p>Michael Bacina, a partner with <a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a>’s blockchain group, said that demand by clients in the blockchain and cryptocurrency sector has progressively increased. <a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a> became the first major Australian law firm to <a href="https://www.australasianlawyer.com.au/news/why-one-of-australias-oldest-law-firms-is-now-accepting-bitcoin-payments-246129.aspx">accept cryptocurrency as payment for legal services</a> in January.</p><br></br><div id="div-gpt-ad-4686011-0" class="km_banner"> <br></br> <br></br> </div><br></br><p><br></br><br></br><br></br></p><br></br><p>“The missing component for our clients was the facility of a robust, proven gateway to simplify the payment process for clients remitting in cryptocurrency. The Paid By Coins gateway offers a read-made and proven solution, with the benefit [of] simplicity and familiarity of the well-known BPay platform,” he said.</p><br></br><p><br></br><br></br><br></br></p><br></br><p>“Paid By Coins also offers one of the most competitive currency rates and accepts payments with five of the leading cryptocurrencies including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple,” he said.</p><br></br><p><br></br><br></br><br></br></p><br></br><p><a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a> first announced its partnership with Lakeba, the company behind the Paid By Coins service, <a href="https://www.australasianlawyer.com.au/news/piper-alderman-to-help-shape-australias-blockchain-future-251106.aspx">in June</a>. The partnership includes Lakeba’s experts working with <a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a>’s lawyers tackling the legal implications of businesses and organisations implementing blockchain and cryptocurrency products.</p><br></br><p><br></br><br></br><br></br></p><br></br><p>Giuseppe Porcelli, founder and CEO of Lakeba, said that the adopting Paid By Coins is a major vote for the service because of <a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a>’s reputation.</p><br></br><p><br></br><br></br><br></br></p><br></br><p>“Our broader partnership with <a href="https://www.australasianlawyer.com.au/tools/companies/piper-alderman/252705/">Piper Alderman</a> continues to grow in strength, since we cemented our exclusive partnership this year and announced their role as a founding partner of the Future Hub. This is evolving further as they adopt our Paid By Coins payment gateway and is a strong indicator of the relevance and adoption of cryptocurrency as a ratified and legitimate means of payment in the broader business sector,” Porcelli said.</p><br></br> <br></br><div class="text_banner"><br></br> <br></br><div id="div-gpt-ad-4502019-0" class="km_banner"> <br></br> <br></br> </div><br></br> <br></br><div id="div-gpt-ad-45020210-0" class="km_banner"> <br></br> <br></br> </div><br></br> <br></br><div id="div-gpt-ad-45020311-0" class="km_banner"> <br></br> <br></br> </div><br></br> </div><br></br> <br></br><div id="div-gpt-ad-46860112-0" class="km_banner"> <br></br> <br></br> </div><br></br> <br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cda169ff7c display:block !important;@media(min-width: 601px) .adace_adsense_5b9cda169ff7c display:block !important;@media(min-width: 801px) .adace_adsense_5b9cda169ff7c display:block !important;@media(min-width: 961px) .adace_adsense_5b9cda169ff7c display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cda169ff7c" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/paid-by-coins-piper-alderman-adopts-cryptocurrency-service/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-30870029208629032672018-09-15T10:08:00.000-07:002018-09-15T03:08:12.507-07:00Cryptocurrency project Tezos to launch main network next week<p>https://s2.reutersmedia.net/resources/r/?m=02&d=20180914&t=2&i=1304396007&r=LYNXNPEE8D1OI&w=20 - </p><p>NEW YORK/ZURICH (Reuters) – The Tezos cryptocurrency project is preparing to launch the long-awaited main version of its network that underpins a new virtual token on Monday, a Swiss foundation that promotes the initiative said on Twitter on Friday. </p><br></br><div class="PrimaryAsset_container"><br></br><div class="Image_container"><br></br><figure class="Image_zoom"><br></br><div class="LazyImage_container LazyImage_dark"><img src="https://s2.reutersmedia.net/resources/r/?m=02&d=20180914&t=2&i=1304396007&r=LYNXNPEE8D1OI&w=20"></img></div><br></br></figure><figcaption><br></br><p><span>FILE PHOTO – Tezos co-founder Kathleen Breitman speaks during the Crypto + ICO Summit cryptocurrency conference in Duebendorf, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann </span></p><br></br></figcaption></div><br></br></div><br></br><p>The Tezos Foundation raised $232 million in July 2017 to build the network and issue a new type of cryptocurrency to its backers in one of the largest-ever initial coin offerings, and launched an initial version of the network one year later after months of delays. </p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cda061e951 display:block !important;@media(min-width: 601px) .adace_adsense_5b9cda061e951 display:block !important;@media(min-width: 801px) .adace_adsense_5b9cda061e951 display:block !important;@media(min-width: 961px) .adace_adsense_5b9cda061e951 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cda061e951" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>The Tezos Foundation plans to transition the network to a mainnet, or a more complete version, on Monday, according to a message seen by Reuters by Ryan Jesperson, the foundation’s president. </p><br></br><p>After Reuters contacted the foundation for comment on the message on Friday morning it confirmed the launch date on Twitter. </p><br></br><p>“Have a great weekend, everyone, because mainnet arrives Monday!”, the foundation tweeted. </p><br></br><p>That launch would mark an achievement in a project hobbled by internal infighting and delays. Tezos still faces litigation in the United States and the threat of increased regulatory scrutiny of the nascent cryptocurrency sector. </p><br></br><p>A high-profile feud between project founders Arthur and Kathleen Breitman and former foundation president Johann Gevers was followed by Gevers stepping down in February. He was replaced by Jesperson, one of the project’s contributors. </p><br></br><p>Since Tezos’s problems were first detailed by Reuters in October, several class-action lawsuits have been filed in the United States against the project’s organizers alleging the fundraiser violated federal securities laws and defrauded investors. </p><br></br><p>In February, the U.S. Securities and Exchange Commission denied a public information request from David Silver, a lawyer representing some of the class-action plaintiffs, seeking information on Tezos, saying doing so could interfere with an investigation or enforcement activities. </p><br></br><p>The Tezos fundraiser was structured as a donation, though some contributors say they believed it was an investment. If deemed a securities offering, the new cryptocurrency might fall under the remit of the SEC. </p><br></br><p>The Reuters investigation published in October also found that Arthur Breitman, a French citizen registered with the Financial Industry Regulatory Authority (FINRA) in the United States, had not reported any outside business activity while working at Morgan Stanley in 2014 and 2015 when he was developing and pitching Tezos. </p><br></br><p>In April, FINRA suspended Breitman from associating with broker-dealers for two years, part of a settlement to resolve allegations that he made false statements about his side venture while working at Morgan Stanley. </p><br></br><div class="Attribution_container"><br></br><div class="Attribution_attribution"><br></br><p class="Attribution_content">Reporting by Anna Irrera and Brenna Hughes Neghaiwi; Editing by Meredith Mazzilli and Susan Thomas</p><br></br></div><br></br></div><br></br><div class="StandardArticleBody_trustBadgeContainer"><span class="StandardArticleBody_trustBadgeTitle">Our Standards:</span><span class="trustBadgeUrl"><a href="http://thomsonreuters.com/en/about-us/trust-principles.html">The Thomson Reuters Trust Principles.</a></span></div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cda062087c display:block !important;@media(min-width: 601px) .adace_adsense_5b9cda062087c display:block !important;@media(min-width: 801px) .adace_adsense_5b9cda062087c display:block !important;@media(min-width: 961px) .adace_adsense_5b9cda062087c display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cda062087c" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-project-tezos-to-launch-main-network-next-week/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-72046929856041791402018-09-15T09:44:00.000-07:002018-09-15T02:44:52.321-07:00New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner<p>https://fs.bitcoinmagazine.com/img/images/Mining_conference.max-800x800.jpg - </p><div><img src="https://fs.bitcoinmagazine.com/img/images/Mining_conference.max-800x800.jpg" class="ff-og-image-inserted"></img></div><br></br><div class="rich-text"><br></br><p>Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the <a href="https://etcsummit.com/">Ethereum Classic Summit</a> in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.</p><br></br><p>Ethereum ASIC miners are relatively new. The<a href="https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7&utm_source=twitter&utm_medium=social&utm_campaign=e3-announcement"> first group arrived five months ago</a> in April by way of Bitcoin mining giant Bitmain. Known as Antminer E3s, they were first shipped out last July and cost approximately $800 per unit. The first batch sold out almost immediately despite several selling limits, including Bitmain’s “one unit per user” principle, and restrictions on shipping to both Taiwan and China. The company had been touting its new technology since early February. </p><br></br><p>Susquehanna analyst Christopher Rolland was one of the first voices to break the news.<a href="https://www.cnbc.com/2018/03/26/analyst-slashes-amd-nvidia-price-targets-on-new-cryptocurrency-mining-chip-from-china.html"> Rolland explained</a>, “During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC for mining Ethereum, and is readying the supply chain for shipments in [Q2 2018].” </p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cd48db4f06 display:block !important;@media(min-width: 601px) .adace_adsense_5b9cd48db4f06 display:block !important;@media(min-width: 801px) .adace_adsense_5b9cd48db4f06 display:block !important;@media(min-width: 961px) .adace_adsense_5b9cd48db4f06 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cd48db4f06" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>Unfortunately, the Ethereum community has posed several problems for Bitmain by seeking to halt the use of ASICs, which they believe cause centralization and prevent fair competition in the mining arena. Recently, a developer put forth an Ethereum improvement proposal (EIP) suggesting an Ethereum Network<a href="https://github.com/ethereum/EIPs/issues/958"> hard fork that would ultimately prevent</a> the utilization of ASICs in Ethereum mining. </p><br></br><p>In addition to this EIP impediment, Bitmain faced<a href="https://www.coinspeaker.com/2018/03/27/bitmain-releasing-ethereum-asic-miner-posing-competition-gpu-producers/"> criticism for the release</a> of its latest chip, the Antminer X3, which was built to mine Monero. The currency’s founder, Riccardo “Fluffypony” Spagni, claimed that the chip would be rendered inoperable by the time it was ready for release given that Monero was scheduled for a hard fork that would make it immune to ASICs. </p><br></br><p>Furthermore, Monero would undergo biannual changes that developers asserted would discourage both the centralization of mining and the use of ASICs when mining the currency. Prior to selling the chip, Bitmain posted on its website that the risks of cryptocurrency mining could be “related to changes in exchange rates of the cryptocurrency or to changes in the algorithm that is used to mine the cryptocurrency.” It also asked customers to “please deliberate well before making a purchase,” as they would not be processing any refunds. </p><br></br><p>During her talk at the Ethereum Classic Summit this week, Chen claimed that Linzhi’s new Ethereum miner would use only one-eighth of the power consumed by Bitmain’s devices. In addition, she said it would run at about 1,400 million hashes per second — a sizable increase compared to the 190 million hashes per second that Bitmain’s Antminers produce. If Chen’s claims hold up, Linzhi’s product could produce as much as $20 in ether per day — about $17 more than what miners would make using a Bitmain miner. At this rate, Chen believes the money people would pay for a unit could be earned back in as little as four months. </p><br></br><p>The miner is slated for release by April 2019, though Chen has yet to offer a figure of what a single mining unit might cost.</p><br></br></div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cd48db5df3 display:block !important;@media(min-width: 601px) .adace_adsense_5b9cd48db5df3 display:block !important;@media(min-width: 801px) .adace_adsense_5b9cd48db5df3 display:block !important;@media(min-width: 961px) .adace_adsense_5b9cd48db5df3 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cd48db5df3" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/new-mining-manufacturer-linzhi-announces-ethereum-asic-miner/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-37962596170390568142018-09-15T09:18:00.000-07:002018-09-15T02:18:44.246-07:00Cryptocurrency Regulation Should "Do No Harm" According to US Regulator<p>https://static.cryptoglobe.com/filer_public_thumbnails/filer_public/d1/1b/d11b2b68-b288-4225-b864-b4f338a31ff2/law-1991004_1920.jpg__180x110_q85_crop_subsampling-2.jpg - </p><div><img src="https://static.cryptoglobe.com/filer_public_thumbnails/filer_public/d1/1b/d11b2b68-b288-4225-b864-b4f338a31ff2/law-1991004_1920.jpg__180x110_q85_crop_subsampling-2.jpg" class="ff-og-image-inserted"></img></div><br></br><p>In <a href="https://www.cnbc.com/2018/09/14/do-no-harm-in-regulating-cryptocurrencies-but-be-vigilant-cftc.html">an interview</a> at the annual Singapore Summit, U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo said that:</p><br></br><blockquote class="text-center"><br></br><p>When it comes to the oversight of cryptocurrencies, regulators need to avoid inhibiting innovation, yet be vigilant against manipulation.</p><br></br></blockquote><br></br><p>From his perspective, a reason the internet succeeded was because the government was not too heavy handed with its regulatory approach, particularly in its nascent stages. Instead, it took a simple “do-no-harm” approach.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cce6cce15a display:block !important;@media(min-width: 601px) .adace_adsense_5b9cce6cce15a display:block !important;@media(min-width: 801px) .adace_adsense_5b9cce6cce15a display:block !important;@media(min-width: 961px) .adace_adsense_5b9cce6cce15a display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cce6cce15a" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>He suggested that the CFTC – which is responsible for crypto regulation in the United States, where cryptocurrencies are classified as commodities – should take the same approach for cryptocurrencies.</p><br></br><p>Still, Giancarlo himself recognized that a challenge to this approach is the risk of corruption and fraud, which are rampant in the crypto community. He thus emphasized the importance of being “slow and well-informed” while creating <a href="https://www.cryptoglobe.com/latest/regulation/" class=" ">regulatory policies for cryptocurrencies</a>.</p><br></br><p>Giancarlo is a strong believer in the potential of cryptocurrencies. In a written statement to the US Senate Banking Committee, he highlighted the potential of blockchain to:</p><br></br><blockquote class="text-center"><br></br><p>enhance economic efficiency, mitigate centralized systemic risk, defend against fraudulent activity and improve data quality and governance.</p><br></br></blockquote><br></br><p>It appears that it is the promise of this frontier technology that encourages him to take a less aggressive approach to its regulation, allowing significant room for innovation and creativity. Advocates of the “do-no-harm” approach cite the unsuccessful New York ‘<a href="https://www.cryptoglobe.com/latest/2018/07/bitpay-becomes-first-payment-processor-to-receive-bitlicense-in-new-york/" class=" ">BitLicense</a>’ which ultimately led to crypto talent leaving the state to seek stats with less regulatory friction.</p><br></br><p>This should be reassuring for those who worry that over-regulation could hinder cryptocurrency technologies from reaching their full potential.</p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9cce6ccea6b display:block !important;@media(min-width: 601px) .adace_adsense_5b9cce6ccea6b display:block !important;@media(min-width: 801px) .adace_adsense_5b9cce6ccea6b display:block !important;@media(min-width: 961px) .adace_adsense_5b9cce6ccea6b display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9cce6ccea6b" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-regulation-should-do-no-harm-according-to-us-regulator/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-29464726611588646352018-09-15T05:14:00.000-07:002018-09-14T22:14:38.949-07:00Cryptocurrency Market Update: Ethereum Bites Back Surging 25% in Two Days<p>https://s3.amazonaws.com/main-newsbtc-images/2018/09/14083706/ethchart2.jpg - </p> <br></br><h5>Markets are recovering this Friday; Ethereum, EOS, and Tron rising higher.</h5><br></br><p>Markets have continued with their recovery from yearly lows as we end the week. Media outlets have been talking about a dead cat bounce, especially for Ethereum, but at the moment it is rallying again. Total market capitalization has climbed back over $200 billion and signals are bullish.</p><br></br><p>Bitcoin has made another 2.5% again today to send it up to $6,570. Analysts predict that BTC will form a double top at the $6,600 resistance level. Ethereum has surged almost 13% on the day to take it back to $213. From its massive low of $170 on Wednesday ETH has clawed back 25% in just two days pushing its market cap back over $20 billion again.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c95373bc3b display:block !important;@media(min-width: 601px) .adace_adsense_5b9c95373bc3b display:block !important;@media(min-width: 801px) .adace_adsense_5b9c95373bc3b display:block !important;@media(min-width: 961px) .adace_adsense_5b9c95373bc3b display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c95373bc3b" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><img class="alignnone size-full wp-image-350459" src="https://s3.amazonaws.com/main-newsbtc-images/2018/09/14083706/ethchart2.jpg" alt="" width="1200" height="528"></img></p><br></br><p>Mainstream media <a href="https://www.newsbtc.com/2018/09/14/ryan-sean-adams-counters-ethereum-fud-with-success-of-maker/">FUD</a> harping on about the death of ETH has not deterred investors and traders who have got back in at rock bottom levels. There is no disputing though that Ethereum is down and still has a long way to go for a true recovery to be acknowledged. Right now $400 seems a long way away.</p><br></br><p>Altcoins are mostly green at the moment with Ethereum being the top performer in the top 25. EOS has made the second most in the top ten with an 8% rise on the day to $5.37. Bitcoin Cash and Monero are close behind with over 6% gains each. Stellar has not moved much with just 1.5% in the past 24 hours.</p><br></br><p>Looking further down the list Tron is doing well with a 7% bounce back to $0.020, followed by Iota and Nem gaining over 5% each. Dogecoin has cooled off and has actually declined after days of good gains, it is down 6% on the day.</p><br></br><p>Rchain is topping the top one hundred surging 50% on the day to $0.30. Aurora and MOAC have pumped 30 and 25 percent respectively, and Dropil, Decred and Maker are also in double figures over 13%. Emercoin is getting bashed at the moment with a 14% dump on the day.</p><br></br><p>Total crypto market capitalization is climbing out of its big dip and has gained 4% on the day to $202 billion. Trade volume has risen to $14 billion but there are still no significant indicators that a big bull run is imminent. Bitcoin dominance has dropped back a percent to 56 as Ethereum makes a recovery.</p><br></br><p><em>FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.</em></p><br></br> <br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c95373f7c3 display:block !important;@media(min-width: 601px) .adace_adsense_5b9c95373f7c3 display:block !important;@media(min-width: 801px) .adace_adsense_5b9c95373f7c3 display:block !important;@media(min-width: 961px) .adace_adsense_5b9c95373f7c3 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c95373f7c3" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cryptocurrency-market-update-ethereum-bites-back-surging-25-in-two-days/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-12099703267739227942018-09-15T04:54:00.001-07:002018-09-14T21:54:26.656-07:00OpenBazaar"s Brian Hoffman and ZCash"s Jack Gavigan on privacy and decentralised markets<p>https://cryptonewsreview.com/wp-content/uploads/2018/09/Untitled-1.jpg - </p><div><img src="https://cryptonewsreview.com/wp-content/uploads/2018/09/Untitled-1.jpg" class="ff-og-image-inserted"></img></div><br></br><p><strong>“Regulators are going to come around – some of them already have,” says crypto privacy advocate…</strong></p><br></br><p>One of the great things about events like last week’s World Blockchain Forum is that players from the crypto space get to meet and chat with each other – whether that’s to formulate alliances, form opinions, trend-spot, or simply gossip. In between main stage events, the Thames-side patio of Old Billingsgate was consistently abuzz with conversation, and buzzing thanks to the copious amounts of coffee being consumed, as people chatted and made plans.</p><br></br><p>It was there that we were lucky enough to run across OB1 CEO Brian Hoffmann and ZCash COO Jack Gavigan. Before we interrupted, they were deep in conversation regarding the walk-through and demo that the former had just given for his multi-crypto, decentralised peer-2-peer market concept, OpenBazaar, in the main hall. A presentation that had opened with a searing critique of centralised websites, and their propensity for scooping up our data.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c907a0ec9c display:block !important;@media(min-width: 601px) .adace_adsense_5b9c907a0ec9c display:block !important;@media(min-width: 801px) .adace_adsense_5b9c907a0ec9c display:block !important;@media(min-width: 961px) .adace_adsense_5b9c907a0ec9c display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c907a0ec9c" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p>Brian forked <a href="https://openbazaar.org/">OpenBazaar</a> from a decentralised exchange called Dark Market back in 2014. Since then, he’s developed it as a much friendlier-sounding, and user-friendly, incarnation of the same user-regulated, unmediated, crypto-friendly, marketplace. Jack has a history working in fintech, cyber security and with trading systems at some of the biggest names in finance, and now operates as part of the management of one of the top so-called Privacy Coins in crypto today.</p><br></br><p>Thus, it seemed an opportune moment to grab a conversation with both about the role cryptocurrency has in ensuring private transactions and open markets, and what decentralisation offers for the future of online trading and personal finance. So that’s exactly what we did…</p><br></br><p><strong>CNR: Both of you are dealing in the same sort of area – bringing what’s generally been considered to be the dark-side of cryptocurrency a bit more into the light. What have been the main problems are in convincing people of the importance of – in ZCash’s case – promoting privacy, and decentralizing markets in the case of OpenBazaar?</strong></p><br></br><p><strong>Brian Hoffman, OpenBazaar:</strong> From the marketplace side, it’s not so much about tackling the dark part of the web… but I think those types of users have a clear advantage by using an anonymous software, anonymous currencies, right? Because they have a high risk, they’re doing something that’s not legal. So they will adopt those kinds of hiding technologies quicker than mainstream users.</p><br></br><p>The more important thing is that those values should be more respected by mainstream users. I think we’ve learned to just be so open and cavalier about sharing our data. And then we turn around when we get our credit cards hacked or identity stolen. And we’re like: ‘Whoa! How did that happen?’ Because you’ve got they don’t understand the risk that they’re putting themselves at by using software that doesn’t protect privacy and doesn’t use proper encryption.</p><br></br><p><strong>CNR: I would guess that people who use ZCash or people that use OpenBazaar’s markets have pretty similar ideologies to your products. What do you think the percentage of the entire potential market for crypto holds that kind of ideology, though?</strong></p><br></br><p><strong>Jack Gavigan, ZCash:</strong> If you go around now, and survey 100 people asking them ‘will you publish your credit card bills and your bank statements on the internet?’, or ‘will you tweet out every single transaction?’ They’ll go: ‘No’…</p><br></br><p>Look at you look at legislation here in the EU, we’ve got GDPR, in the US you got similar legislation protecting financial privacy, you can see people recognise the value of privacy. I think they use these technologies, like Facebook, and Bitcoin, and they don’t necessarily realise that they’re giving up all this privacy</p><br></br><p>Then, when they’re confronted with the fact that ‘Oh, shit! Wow… Experian just got hacked and my entire life is now for sale to the highest bidder, or ‘Shit, did I just have my voting intention changed by being influenced on Facebook?’</p><br></br><p>Or, you know, do I really want to subscribe to you know, or pay towards a political project or something using Bitcoin if there’s a risk at some point the future somebody might analyze at all trace it back to me? I think that people are beginning to, right now, realise the importance of privacy.</p><br></br><p>In time I think they’re going to realize that – well… if cryptocurrencies are going to go mainstream – that privacy has to be a part of that. They have to be private, they have to be confidential.</p><br></br><p><strong>CNR: When you’re putting control in the hands of users, and you’re taking away that mediation? Are you scared that are you relying on sort of a Sony type ruling that the medium is not going to be the criminal aspect? Do you not feel that you’re putting too much of your business model into the hands of people are going to misuse it?</strong></p><br></br><p><strong>BH: </strong>I think that’s certainly like a morality issue on the behalf of the people that participate, right? When we started the project, it wasn’t really intended to be a business or anything, it was it was a passion project around the ideals that we want to create more freedom for users. But yes, I mean, if the platform became 99% drug sales, which is something that you know, personally, I’m like – I mean, it is an independent choice, but like legal reasons, you should respect to jurisdictional laws. If you don’t appreciate those, you change them or you move somewhere else, or whatever, you don’t just break them. And so there is a morality issue, though, right, you’re building software that serves a purpose, you don’t believe in…</p><br></br><p>As a personal thing, I would stop working on something like that. But, you know, in terms of the question around legalities, I think code is I believe code is free speech I think it’s a creation like a song or a book and you’re producing it for others to consume and use and however they choose to do that I think they’re the responsible parties are using to create. It’s like creating a knife, and you say ‘it’s for this, but it obviously can be used in other ways…’ Should we just ban it out right and not use it? No. But if everybody used it to stab other people – and for no other purpose – you’d be like ‘okay, that’s probably a bad creation.’</p><br></br><p><strong>CNR: In your talk, you held up Silk Road as an exemplar of a private, crypto-positive, platform ruined by bad things that were going on using it. In regards to your aspirations for OpenBazaar, how do you insulate yourself as a creator from having a similar kind of fate befall you personally as befell Ross Ulbricht?</strong></p><br></br><p><strong>BH:</strong> You know… everybody has their own approach.</p><br></br><p><strong>JG:</strong> Bad people do bad things. There’s a difference between a bad guy and a good guy: a bad guy will embrace [misuse] and see it as an opportunity, while a good guy is going to go: ‘Actually, I’m going to discourage this, or stop making this, or step away from this, or I’m going to shut this thing down…’</p><br></br><p>I mean, Ross Ulbricht? I think, some people say that he was unfairly convicted, and so on… but the preponderance of evidence suggests that he was a bad guy.</p><br></br><p><strong>BH:</strong> Most people don’t realise that the very first e-commerce transaction on the internet was marijuana. An illegal marijuana sale… Imagine if the guys who started all that, the developers, said: ‘oh, this is going in the wrong direction, let’s just kill it.”</p><br></br><p>Early on, you don’t really know what the final make-up of your user base is going to be. At first the higher-risk users are willing to try it out.</p><br></br><p>Foreign companies often try new business models to get ahead of legislation, and things like that, or try new things – and they have to be more risky. So it’s just that way that technology cycles work.</p><br></br><p>BitTorrent really never realised its full potential, in my opinion, because it was clear that there was not as much of a [legitimate] benefit to it as there was for elicit piracy. And that’s the way it is! Eventually, it got killed by better business models, because users didn’t want to be doing illegal things. They just wanted content and they found it a different way. So if people want digital money, and the banks come up with some clever way to do it that users accept while crypto just stays as this drug dealing currency, it could end up like BitTorrent.</p><br></br><p><strong>CNR: That’s why, I take it, is why there’s been a lot of talking about user experience and user interface during the WBF? Is that’s what you guys are focusing on now, in terms of creating a better way of making it usable for, more transparent.</strong></p><br></br><p><strong>JG:</strong> We need technologies. But they’re built by technologists… Technologists are rarely good at user experience, and user interface. I think the whole the whole cryptocurrency space has suffered from that, you know?</p><br></br><p>For it for it to go mainstream, it needs to have that ‘Apple moment’.</p><br></br><p>Apple came along, they figured out how to how to build a great user interface that even two year olds could use. You see these videos of children who can’t even speak turning on an iPad, putting in a code, going to YouTube and putting on Peppa Pig… It’s so simple and easy to use.</p><br></br><p>We definitely need to be figuring out the user experience so that we can go through that S curve from the early adopters through to the to the mass market. My dad is never going to use cryptocurrency, but he can use Facetime. He’s not that great at computers and stuff but, y’know, he he can use an iPhone and FaceTime!</p><br></br><p>If we can figure out how to make cryptocurrency itself, on decentralised markets, as easy to use..?</p><br></br><p><strong>CNR: The Bloomberg Satis report published recently put a lot of value on privacy coins and anonymity. Do you see that as the start of a shift in perception on an institutional basis, from opinion-makers? Do you believe the thinking will come around to the likes of ZCash?</strong></p><br></br><p><strong>JG: </strong>I think it’s inevitable.</p><br></br><p>If you said to to a company: ‘right we’re going to set up this new trading platform, it’s going to use OpenBazaar’s technology, and every single trade that you do is going to be visible to all your competitors’. They’d be like [raises two fingers] ‘uck you!’, y’know?</p><br></br><p>Commercial confidentiality, personal privacy, people recognise the value of these things.</p><br></br><p>Regulators are going to come around – some of them already have. New York’s Department of Financial Services recognised the importance of personal financial privacy when they gave Gemini the go-ahead to list ZCash. I think other regulators are going to realise that their role is not just to combat AML and terrorist money- laundering and terrorist financing. They also have [a role in] consumer protection… And part of consumer protection is ensuring that people’s personal information is protected.</p><br></br><p>I’d be surprised if any regulator in the world does not mandate that a bank uses encryption to protect communications between itself and its customers. I think that in time, maybe a few years down the road, we will start to see regulators saying we can’t use an open, visible-to-the-world blockchain. I don’t think they’re going to mandate using some specific form of currency or technology, but they’ll set these standards.</p><br></br><p>Then, before you know it, the the privacy or the confidentiality that you get with ZCash will be ubiquitous in the same way that every time we log into Amazon or log onto our online banking it’s all protected by Transport Layer Security.</p><br></br><p><strong>CNR: Jack Gavigan and Brian Hoffman, thanks a lot for taking time to chat with us… We’ll let you get back to your conversation now. </strong></p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c907a1096f display:block !important;@media(min-width: 601px) .adace_adsense_5b9c907a1096f display:block !important;@media(min-width: 801px) .adace_adsense_5b9c907a1096f display:block !important;@media(min-width: 961px) .adace_adsense_5b9c907a1096f display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c907a1096f" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/openbazaars-brian-hoffman-and-zcashs-jack-gavigan-on-privacy-and-decentralised-markets/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-29673871701043283692018-09-15T04:54:00.000-07:002018-09-14T21:54:07.381-07:00Cardano (ADA) Founder, Charles Hoskinson, Explained How He Emerged In The Crypto-Verse and What The Cypriot ...<p>https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcS6EYj7tXlwwf8F5c3VEGEWIFoN1rQ7SfadpaZ6A7LRTVGwWyWEy0KuAiJpVeuiq8EgU8m8uwtMWQ - </p><table cellpadding="2" cellspacing="3"><br></br><tr><br></br><td><img src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcS6EYj7tXlwwf8F5c3VEGEWIFoN1rQ7SfadpaZ6A7LRTVGwWyWEy0KuAiJpVeuiq8EgU8m8uwtMWQ"></img></td><br></br><td><br></br><ol style="margin: 0;padding: 0;"><strong><br></br><li><a href="https://oracletimes.com/cardano-ada-founder-charles-hoskinson-explained-how-he-emerged-in-the-crypto-verse-and-what-the-cypriot-crisis-of-2012-2013-taught-him-about-bitcoin-btc/" target="_blank">Cardano (ADA) Founder, Charles Hoskinson, Explained How He Emerged In The Crypto-Verse and What The Cypriot …</a> <font color="#6f6f6f">OracleTimes</font></li><br></br> </strong><br></br><li><a href="https://ambcrypto.com/ethereum-classic-etc-summit-charles-hoskinson-speaks-about-bitcoin-btc-etc-ecosystems-and-the-road-ahead/" target="_blank">Ethereum Classic [ETC] Summit: Charles Hoskinson speaks about Bitcoin [BTC], ETC ecosystems and the road ahead</a> <font color="#6f6f6f">AMBCrypto</font></li><br></br><p><a href="https://news.google.com/story/dRHhddW55wju1TMKK8uJ-y7-3QRRM?hl=en-AU&ned=au" target="_blank">Full coverage</a></p></ol><br></br></td><br></br></tr><br></br></table><br></br><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c9068d6200 display:block !important;@media(min-width: 601px) .adace_adsense_5b9c9068d6200 display:block !important;@media(min-width: 801px) .adace_adsense_5b9c9068d6200 display:block !important;@media(min-width: 961px) .adace_adsense_5b9c9068d6200 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c9068d6200" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c9068d6c58 display:block !important;@media(min-width: 601px) .adace_adsense_5b9c9068d6c58 display:block !important;@media(min-width: 801px) .adace_adsense_5b9c9068d6c58 display:block !important;@media(min-width: 961px) .adace_adsense_5b9c9068d6c58 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c9068d6c58" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/cardano-ada-founder-charles-hoskinson-explained-how-he-emerged-in-the-crypto-verse-and-what-the-cypriot/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-73609406722194393102018-09-15T03:43:00.000-07:002018-09-14T20:43:53.819-07:00Back Over $200 Billion: 3 Reasons Crypto Prices Could Be Heading Higher<p>https://media.coindesk.com/uploads/2018/09/ETHUSD-728x538.png - </p><p><span>The cryptocurrency market has been making history for all the wrong reasons as of late, most notably by recently surpassing the plunge of the infamous </span><a href="https://twitter.com/coindesk/status/1040004710525284352" target="_blank" rel="external noopener noreferrer"><span>Dot-Com bubble</span></a><span> in the early 2000’s.</span></p><br></br><p><span>With that said, cryptocurrencies tend to make recoveries when all hope is seemingly lost, and today’s price action of the world’s second largest cryptocurrency, ether and many others is no exception. </span></p><br></br><p><span>At press time, several of the top 10 cryptocurrencies by market capitalization are reporting 24-hour gains above 10 percent, including monero (XMR), litecoin (LTC), and EOS. Ether (ETH) is leading the pack while boasting a 17 percent price increase. Further, the total market cap has edged back up over $200 billion, after <a href="https://www.coindesk.com/back-below-200-billion-crypto-market-cap-sinks-to-10-month-low/">falling lower earlier this week</a>.</span></p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c7ff304725 display:block !important;@media(min-width: 601px) .adace_adsense_5b9c7ff304725 display:block !important;@media(min-width: 801px) .adace_adsense_5b9c7ff304725 display:block !important;@media(min-width: 961px) .adace_adsense_5b9c7ff304725 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c7ff304725" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><p><span>Still, it’s too early to call any type of long-term bullish reversal in the market, but there are three encouraging signs cryptocurrencies may see much-needed relief at least in the short term.</span> </p><br></br><h3>1) Ether Recovery</h3><br></br><p><span>Until today, the price of ETH/USD had fallen more than 40 percent since September 5 and 85 percent from its all-time high north of $1,400</span> <span>set last December. </span></p><br></br><p><span>Today though, tells a different story. Since the low of $167.32 yesterday, price has recovered more than 20 percent reaching a 24-high of $207.67, according to data from the Bitfinex Exchange. </span></p><br></br><p><strong>ETH/USD Daily Chart</strong></p><br></br><p><img class="size-article-full wp-image-353889 aligncenter" src="https://media.coindesk.com/uploads/2018/09/ETHUSD-728x538.png" alt="" width="728" height="538"></img></p><br></br><p><span>As seen in the above chart, the recent price recovery can be attributed to finding support on the lower trend line of a falling wedge, a bullish reversal pattern, in a historical support zone depicted by the green box. </span></p><br></br><p><span>Further, the daily RSI was showing bullish divergence, giving all the more reason for a relief rally to occur. </span></p><br></br><p><span>In order to provide confirmation of a larger trend reversal, price would need to close a daily, more preferably a weekly, candlestick above wedge resistance with a notable increase in volume. </span></p><br></br><p><span>A common method of estimating the breakout target of a falling wedge is to add the base range to the breakout point. Since the base range of this wedge is over $900, a long-term measured objective for price would be in the $1100 area if price were to break out near $230. </span></p><br></br><p><span>Many alternative currencies are built on the ethereum blockchain, so a strong recovery from ETH would likely translate to a recovery for others as well. </span></p><br></br><h3>2) BTC Short-Term Strength</h3><br></br><p><span>The future prospects for cryptocurrencies in general are heavily dependent on bitcoin (BTC) – the world’s largest cryptocurrency by market capitalization.</span></p><br></br><p><span>Down 70 percent from the record high of $20,000 reached in December, BTC could scare the most seasoned investor. However, a closer look at the long duration technical chart reveals the cryptocurrency is silently charting a major bullish reversal pattern.</span></p><br></br><p><b>Weekly chart</b></p><br></br><p><img class="size-article-full wp-image-353899 aligncenter" src="https://media.coindesk.com/uploads/2018/09/download-3-728x430.png" alt="" width="728" height="430"></img></p><br></br><p><span>As can be seen, BTC’s recovery from the low of $5,859 in August established the first higher low pattern of the year, the previous low being $5,755 hit in June. Further, the recent sell-off ended at $6,119, meaning another higher low has been created.</span></p><br></br><p><span>The trendline connecting the higher lows indicates long-term bearish exhaustion. Hence, there is reason to be optimistic as long as prices hold above the trendline.</span></p><br></br><p><span>What bulls need now is for BTC to set a higher high by moving above the July high of $8,507. That would confirm a long-term bearish-to-bullish trend change and could yield a sustained rally above $10,000.</span></p><br></br><h3><b>3) Risk Appetite in Global Markets</b></h3><br></br><p><span>Risk assets across the globe have picked up a bid in the last 24 hours on </span><a href="https://edition.cnn.com/2018/09/13/politics/china-trade-war-kudlow/index.html" target="_blank" rel="external noopener noreferrer"><span>reports</span></a><span> that the U.S. and China are heading back to the negotiating table.</span></p><br></br><p><span>For instance, the AUD/JPY pair, which is widely considered as a risk barometer of global markets, is up 1 percent at press time. Meanwhile, the dollar index is down 0.24 percent.</span></p><br></br><p><span>Clearly, investors are hoping that these talks would yield results, however, trade wars would end only if the U.S. officially drops tariffs. More importantly, the past experience suggests such talks tend to break down in a few days. </span></p><br></br><p><span>That said, the renewed hopes of the U.S.-China trade talks could keep the risk assets well bid in the short-term. </span></p><br></br><p><span>Further, Turkey </span><a href="https://www.theguardian.com/business/live/2018/sep/13/bank-of-england-ecb-turkey-interest-rate-decisions-john-lewis-profits-tumble-business-live" target="_blank" rel="external noopener noreferrer"><span>hiked rates</span></a><span> by 625 basis points today to save its stumbling currency and the move has pushed equity markets higher across the globe. </span></p><br></br><p><span>All of this will likely bode well for the cryptocurrencies as the investor community still considers bitcoin and other innovations as risk assets.</span></p><br></br><p><b><i>Disclosure:</i></b><i> The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.</i></p><br></br><p><em>Bull-run via Shutterstock; Charts via <a href="https://www.tradingview.com/ideas/cryptocurrency/" target="_blank" rel="external noopener noreferrer">TradingView</a></em></p><br></br><p><br></br><span> Join 10,000+ traders who come to us to be their eyes on the charts and sign up for Markets Daily, sent Monday-Friday. By signing up, you agree to our <a target="_blank" href="https://www.coindesk.com/terms-conditions/">terms & conditions</a> and <a target="_blank" href="https://www.coindesk.com/privacy-policy/">privacy policy</a></span><br></br></p><br></br> <br></br><p><br></br><em>The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a <a href="https://www.coindesk.com/editorial-policy/">strict set of editorial policies</a>. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.</em></p><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c7ff305456 display:block !important;@media(min-width: 601px) .adace_adsense_5b9c7ff305456 display:block !important;@media(min-width: 801px) .adace_adsense_5b9c7ff305456 display:block !important;@media(min-width: 961px) .adace_adsense_5b9c7ff305456 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c7ff305456" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/back-over-200-billion-3-reasons-crypto-prices-could-be-heading-higher/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0tag:blogger.com,1999:blog-1746320461282813405.post-23350148860869378332018-09-15T01:50:00.000-07:002018-09-14T18:50:54.390-07:00Ripple can be the dark horse cryptocurrency of 2018: Ripple Price Predictions – XRP Price Today – Fri Sept 14<p>https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/Ripple-XRP-Price-News-What-is-accelerating-the-fall-of-Ripple-What-is-the-problem-with-the-future-of-XRP.jpeg?resize=696%2C449&ssl=1 - </p><div class="td-post-featured-image"><img width="696" height="449" class="entry-thumb" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2018/01/Ripple-XRP-Price-News-What-is-accelerating-the-fall-of-Ripple-What-is-the-problem-with-the-future-of-XRP.jpeg?resize=696%2C449&ssl=1" alt="" title="Ripple XRP Price News- What is accelerating the fall of Ripple? What is the problem with the future of XRP?"></img></div><br></br><p>Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser known cryptocurrencies or at the mainstream cryptocurrencies like Bitcoin or the Ethereum. The truth is that it can be Ripple which can be the dark horse cryptocurrency of 2018.</p><br></br><p><strong>Consistent growth:</strong></p><br></br><p>When you look at the number of clients which Ripple has signed up in order to use its protocol, you would find that the client list is consistently rising. Thus, the popularity of Ripple, as well as the uses of Ripple, is consistently rising as well. This is one of the main reasons why the cryptocurrency can increase significantly in 2018.</p><div class="adace-slot-wrapper adace-after-paragraph adace-align-center" style="text-align:center;"><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c6577bc441 display:block !important;@media(min-width: 601px) .adace_adsense_5b9c6577bc441 display:block !important;@media(min-width: 801px) .adace_adsense_5b9c6577bc441 display:block !important;@media(min-width: 961px) .adace_adsense_5b9c6577bc441 display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c6577bc441" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br><br></br><h2>Instant transactions:</h2><br></br><p>As compared to Bitcoin and Ethereum, the transactions of Ripple are concluded within a few seconds. This is one of the main advantages of Ripple. This is also the reason why it is slated to be one of the best payment processing solutions all over the world. Currently, banks, as well as other financial institutions, use much more expensive means to conduct cross-border transactions. Also, the time period which is taken by these protocols is also on the higher side. That is why Ripple is much better as compared to some of the other protocols which are currently being used as well.</p><br></br><p>Also, the clients which Ripple is adding are not just any other companies. They are some of the topmost banks as well. Owing to this very reason, it is important to understand that the popularity of Ripple is increasing by adding marquee client names. No other cryptocurrency has such clients under them. This is one of the main reasons why the value of Ripple can actually increase significantly.<br></br>Moreover, the CEO of Ripple as well as the development team is pretty confident that they would be able to add more and more clients consistently as well. This would ensure that they are able to increase the value of the token significantly.</p><br></br><p>With a proper application for the cryptocurrency, it is just a matter of time before the external investors as well as financial companies also understand the importance of the Ripple protocol and start investing in them. This would be a huge trigger for the token and the prize of the token would raise astronomically inspite of a 1000% rise in the last 12 to 18 months which has rewarded its investors.</p><br></br><h2><strong>Meet Ripple, the world’s most practical financial network</strong></h2><br></br><p>What are we, as a society, if we aren’t able to build robust relationships based on trust? That, and honor should be in front of every social interaction involving human beings, including financial transactions.</p><br></br><p>As the world shifts towards a more digital, cryptography-protected way of doing business, traditional banking platforms are being slowly phased out the financial scope. Only those willing to adjust and including more efficient payment system, which is both faster and safer, will be able to maintain in the business and survive.</p><br></br><h2><strong>Ripple Price Today</strong></h2><br></br><p>The Ripple platform represents one of those innovative systems. While it has been around since 2012, it is still solidly backing up banking and financial institutions in their quest to provide more efficient and faster transactions that can be built around customers’ trust in each other and the network.</p><br></br><p>Ripple is a project based on small free software that pursues the development of a credit system based on the end-to-end paradigm. Each Ripple node functions as a local exchange system, in such a way that the entire network forms a decentralized mutual bank.</p><br></br><p>In other words, the Ripple platform is a distributed social service based on the honor and trust of existing people in real-world social networks. In this way, financial capital is based on social capital. A reduced version of the Ripple network would consist of an extension of the existing hierarchical banking system.</p><br></br><h2><strong>Ripple: an exciting, feature-rich network</strong></h2><br></br><p>To understand Ripple’s place in the crypto universe, we have to value its contributions to the industry. In addition to being one of the most renowned digital tokens out there – even competing for the second spot in market share, behind Bitcoin, with options such as Dash, Litecoin, and Ethereum – it is also one of the most efficient payment networks for financial transactions in the planet.</p><br></br><p>The Ripple technology is, in fact, more widely known for its digital payment protocol than for being a cryptocurrency. Since being co-founded by Chris Larsen and Jed McCaleb in 2012, it has flourished, reaching worldwide recognition and market success via the digital coin, the XRP.</p><br></br><p>Ripple functions in a decentralized platform that fosters money transfers in any form. It is open source and peer to peer, and can work with several exchanges and currencies, physical or crypto, such as US dollars, Yen, Litecoin, and Bitcoin.</p><br></br><p>To work correctly, Ripple implements the Gateway medium, which serves as the link in the trust chain between two parties wanting to make a transaction. Gateway is the credit intermediary, the one in charge of receiving the funds to public addresses managed within the Ripple platform. In Ripple, anyone can sign up and open a gateway that authorizes that person to be the middleman for exchanging currencies.</p><br></br><p>The XRP (Ripple) is the associated cryptocurrency of the platform. It performs the part of a bridge currency to other tokens without discriminating between fiat and crypto, facilitating exchanges between different coins.</p><br></br><p>According to Ripple’s chief cryptographer, David Schwartz, the payment systems of today are where the email was in the early ’80s. Every provider built their system for their customers, and if people used different ones, they couldn’t easily interact with each other. The purpose of Ripple is enabling the connection of different payment systems together.</p><br></br><p><img class="aligncenter size-full wp-image-10425" src="https://i1.wp.com/smartereum.com/wp-content/uploads/2018/04/ripple-trading-exchange.jpg?resize=696%2C373&ssl=1" alt="ripple trading exchange" width="696" height="373"></img></p><br></br><h2><strong>2012: Ripple is born</strong></h2><br></br><p>Ripple’s original and intellectual authors are Arthur Britto, David Schwartz, and Ryan Fugger. They formed the Ripple Company in 2012 and came up with the initial release. The latest version or release was on February 20th, 2018.</p><br></br><p>The project is written in C++ code, under the operating systems GNU/Linux (RHEL, CentOS, Ubuntu), Windows, and OS X. We can consider Ripple to be a real-time gross settlement, currency exchange, and remittance network.</p><br></br><p>Ripple’s first significant period ranged from 2012 to 2013, involving OpenCoin and Ripple Labs. OpenCoin started the development phase of a new payment protocol, named Ripple Transaction Protocol (RTXP), with Fugger’s ideas, primarily instant money transfer between two parties. By that time, the company had already created its digital currency, the XRP, in the same mold as Bitcoin.</p><br></br><p>Later, between 2014 and 2017, Ripple began to focus on the banking market, with Ripple Labs taking part in related projects. They experimented with an App for iPhone that enabled users to send and receive transfer between them. Since 2013, the Ripple protocol has been adopted by numerous financial institutions to offer an alternative remittance option to people.</p><br></br><p>German bank Fidor was the first to use the Ripple network to allow cross-border payments, in the first part of 2014. American institutions Cross River Bank and CBW Bank quickly followed, and later on, Ripple began working with Earthport.</p><br></br><p>From that point on, success followed, and more prominent banking institutions, such as HSBC and Bank of America, utilize the Ripple protocol to perform operations in astonishingly quick times.</p><br></br><h2><strong>Ripple’s bread and butter: the consensus protocol</strong></h2><br></br><p>Bitcoin, along with other renowned cryptocurrencies in the market, performs its operations with the proof-of-work system. Others, such as Nxt, use proof-of-stake; but Ripple implements the consensus protocol.</p><br></br><p>The consensus protocol validates account balances and transactions in the network, improving overall integrity by avoiding double spending. The system will automatically delete malicious advances from morally shady people looking to send one deal to multiple gateways.</p><br></br><p>In short, the protocol consists of distributed nodes deciding by consensus the transaction’s pecking order through a majority vote. One would think that they take a lot of time to complete. Well, five seconds isn’t a whole lot, is it? Ripple is a decentralized platform because it doesn’t involve any governance or central authorities in any part of the process.</p><br></br><p>While the transactions are all made public in the consensus ledger, there is still anonymity because they can’t be linked with the involved people’s ID or account. All users or gateways have a database of every registered IOU.</p><br></br><h2><strong>Get to know Ripple’s benefits</strong></h2><br></br><p>The consensus ledger that the Ripple system implements is versatile and fast enough that each day, more and more banks and financial institutions are adopting it as their preferred way to perform their business operations.</p><br></br><p>Ripple provides an improvement on the traditional way that banks use to work. The transactions are completed, settled and registered in a matter of seconds despite the high amount of traffic that the platform experiences every day. That is a vast improvement over, say, the Bitcoin system, which takes an average of ten minutes to complete an operation.</p><br></br><p>Traditional banks and financial institutions can take days, or even weeks, to perform a wire transfer, and let’s face it, that delay isn’t going to cut it in our current financial reality. On top of all that, the transaction fees in Ripple are almost non-existent: the minimum is 0.00001 XRP. That’s nothing if you compare it to the costs of a cross-border payment.</p><br></br><h2><strong>Ripple, the token</strong></h2><br></br><p>The Ripple network has an associated cryptocurrency; the XRP, which has the power of liquidity by serving as a bridge between other means of payment, making the exchange more comfortable for all parties involved in a transaction.</p><br></br><p>Judging by data as recent as June 2017, the XRP was the world’s the third largest cryptocurrency by market cap of $11.94 billion. The first is Bitcoin (BTC,) at $45.26 billion, and the second is Ethereum (ETH) at $31.53 billion.</p><br></br><h2><strong>Ripple Token info</strong></h2><br></br><p><strong>52-week High</strong>: 3.3153</p><br></br><p><strong>52-week Low</strong>: 0.1500</p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Ripple Market Cap</strong>: </a></p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Ripple Volume</strong>: </a></p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Ripple Circ. Supply</strong>: </a></p><br></br><p><a href="https://smartereum.com/currencies/XRP/ripple" target="_blank" rel="noopener"><strong>Max. Supply</strong>: </a></p><br></br><p>While there are no central authorities that control Ripple’s price and behavior in the market, the right answer to the question seems to be no: the platform is not entirely decentralized. That doesn’t mean it isn’t successful, as worldly famous financial institutions such as Santander, Bank of America, UBS, American Express, RBC, and Westpac, just to name a few, use it for operations.</p><br></br><p>The blockchain technology doesn’t allow any party or the network itself to control anything regarding transactions, whereas these banks and institutions, using the Ripple’s distributed ledger, can charge their specified transaction fees.</p><br></br><p>People can’t pre-mine XRPs, unlike the cases of Ethereum and Bitcoin. They are fully decentralized platforms backed by millions of miners all around the planet. No person or entity can have control over them. Ripple, administrated by the Ripple company, sees its nodes handled and managed by the mentioned financial institutions.</p><br></br><p>There is a maximum number of Ripple tokens to be hand in the world, set at the moment of its inception to the market. The said number can’t go higher, which means that there aren’t any new XRPs being created.</p><br></br><p><strong>Ripple and Bitcoin: differences and complementary traits</strong></p><br></br><p>While numerous people within the industry state that Bitcoin and Ripple are competitors, that may not be precisely the case. There are some differences, though: Bitcoin implements the proof-of-work system, which is a piece of data difficult (costly, time-consuming) to produce but easy for others to verify. It has to satisfy a set of requirements, too. In the case of Bitcoin, it implements the Hashcash proof of work system.</p><br></br><p>Ripple, meanwhile, uses the already explained distributed ledger, the “consensus” one, so there are notable differences in the modus operandi. Ripple is owned and administrated by OpenCoin and the Ripple Company, whereas Bitcoin is a decentralized system in which there are no central authorities.</p><br></br><p>Now, what would you say if we told you that Ripple’s traits and features could benefit Bitcoin users? Remember, Ripple is best known and has attained most of its international recognition, as a payment system or protocol.</p><br></br><p>Ripple can provide Bitcoin with more ways to connect with those using other forms of currency, as it preaches expedited transactions and increased stability. On top of that, Ripple is a distributed network and therefore does not depend on a single company to manage and secure the transaction database. As a result of that scenario, users don’t have to wait for block confirmations.</p><br></br><p>Selena Larson of CNN Tech explains that Ripples (XRP) cannot be created, or “mined,” by users as it happens with Bitcoin and other cryptocurrencies. The company has control of its destiny in that regard.</p><br></br><p><img class="aligncenter size-full wp-image-8837" src="https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment-worth-25-million-price.jpg?resize=696%2C229&ssl=1" alt="Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price" width="696" height="229"></img></p><br></br><h2><strong>Ripple Price Prediction in 10 Years</strong></h2><br></br><p><strong>Ripple’s 10 year projection: success!</strong></p><br></br><p>After a down period recently, Ripple’s value is starting to go up again. This may be your last chance to buy on the cheap! Experts agree upon the notion that, given the network’s popularity, well-built platform, worldwide investing interests and penetration in the media and mainstream society, Ripple is bound to grow in the short, medium, and long-term.</p><br></br><p>For starters, pundits continually say that the possibility of Ripple ending 2018 at a value nearing $10 is very much attainable. You may see the figure and may think that is not a lot, but consider that it is currently at less than a dollar: that would be more than ten times its actual price! Imagine how much money could be made with high volume investments.</p><br></br><p>Based on current projections, most people within the business agree that Ripple’s value can go up to the $200-$300 range in ten years. It is in the company’s best interest if the price continues to rise, because it will make XRP less volatile.</p><br></br><p><strong>Final thoughts</strong></p><br></br><p>In conclusion, not only is Ripple one of the most relevant payment and exchange networks in the industry but also, it is one a prominent cryptocurrency in a world full of them. That is not the interesting fact about it: the XRP is trending up, and has tons of room to grow!</p><br></br><p>Pundits and cryptocurrency experts point at Ripple when they are asked about the digital tokens with the most potential for 2018 and beyond. After Bitcoin, which is the industry’s leader, there is no clear-cut second placeholder. Maybe, we are starting to experience the rise and consolidation of Ripple.</p><br></br><div class="sharedaddy sd-sharing-enabled"><br></br><div class="robots-nocontent sd-block sd-social sd-social-icon sd-sharing"><br></br><h3 class="sd-title">Share this:</h3><br></br></div><br></br></div><br></br> <h3 class="jp-relatedposts-headline"><em>Related</em></h3><br></br><div class="adace-slot-wrapper adace-after-content "><br></br> <div class="adace-slot"><br></br> <br></br><style>@media(max-width: 600px) .adace_adsense_5b9c6577bd2cf display:block !important;@media(min-width: 601px) .adace_adsense_5b9c6577bd2cf display:block !important;@media(min-width: 801px) .adace_adsense_5b9c6577bd2cf display:block !important;@media(min-width: 961px) .adace_adsense_5b9c6577bd2cf display:block !important;</style><br></br> <ins class="adsbygoogle adace_adsense_5b9c6577bd2cf" style="display:block;" data-ad-client="ca-pub-1661087279065292" data-ad-slot="7492748035" data-ad-format="auto"></ins><br></br> </div><br></br></div><br></br> - https://cryptohere.xyz/ripple-can-be-the-dark-horse-cryptocurrency-of-2018-ripple-price-predictions-xrp-price-today-fri-sept-14/Crypto Herehttp://www.blogger.com/profile/00253874224016052978noreply@blogger.com0