Day: September 28, 2017

Japan’s burgeoning Bitcoin exchange scene will face surveillance when new legislation becomes effective Oct. 1.

The Australian Securities and Investments Commission has issued regulatory guidance for businesses considering launching an initial coin offering.

Cryptocurrency exchanges are always competing with one another for trading volume. Appealing to as many consumers and enthusiasts around the world is a big priority. That is much easier said than done these days, though. One way to go about things is by adding additional cryptocurrencies over time. South Korea’s Bithumb will do exactly that … Continue reading Korean Bithumb Exchange Will Enable ZCash Trading in a few Days

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The topic of mining cryptocurrency using other people’s browsers has been met with a lot of opposition. That is only normal, as none of the platforms experimenting with such solutions have allowed users to opt out of mining. While it is understandable that new revenue models would be explored, using JavaScript to mine Monero or any other currency is invasive. Interestingly enough, the video game industry may eventually embrace a similar business model in the future.

Video Games Capable of Mining Cryptocurrency?

The concept proposed on the Gamedev subreddit sounds a bit ludicrous at first. Mining cryptocurrency of any kind is an intensive process which burdens both the CPU and GPU of any computer. In some cases, the resource usage can spike and cause the computer to slow down tremendously. Combining the concept with video games – which also stress CPU and GPU resources – seems like taking a few steps backward. Competition over computing resources will not result in developers making any substantial profits whatsoever.

Although no game developer has shown any interest in pursuing this route, the discussion itself is pretty interesting. Some people feel that game developers make enough money as it is, especially when hiding portions of in-game content behind microtransactions or future DLC packages. At the same time, there are plenty of game studios which do things differently and release free-to-play games with in-game purchase options which aren’t even mandatory to use.

While it is true not every video game utilizes 100% of CPU and GPU resources, that doesn’t mean cryptocurrency mining is a viable option. After all, using someone else’s resources for that purpose without explicit permission will always be considered highly controversial at best. It is certainly true this business model would remove the need for advertisements or even microtransactions in the future. That is what some people would like to see happen, anyway.

Most of the responses to this train of thought haven’t exactly been positive by any means. Most gamers would be more than happy to pay for content they enjoy without having to worry about developers trying to “steal” their computing resources. Moreover, people with older generations of computer hardware would be scrutinized, as their systems often expend a lot more resources on just getting the game to run with the proper settings.

To various indie game developers, having their games mine cryptocurrecy in the background may seem more appealing than the other options currently available. If this were to turn into a lucrative business model, gamers themselves would still benefit in one way or another. The bigger question is whether such a decision could be considered an ethical one. It is a dark gray area for all intents and purposes right now; that much no one will argue with.

Exploring this option could indeed be worth the effort in the end. However, game developers will first have to come up with some clever ways to properly divide CPU and GPU resources for both the game and their mining business on the side. After all, people want to play the game first and foremost, which means the mining process shouldn’t be a bottleneck in this regard. Those users who prefer to play in 4K resolution with everything maxed out have very few resources to spare for mining cryptocurrency.

One thing most people tend to overlook is how mining cryptocurrency isn’t all that profitable in the first place. Even with thousands of normal computers doing the work on one’s behalf, it wouldn’t matter all that much. Mining difficulty adjustments will make it even less profitable over time, whereas traditional revenue models will be more lucrative in this regard. It is an interesting topic of discussion, though, and one that could yield some surprising solutions over time.

The price of zcash has seen extreme ups and downs of late – driven by rumors the cryptocurrency could soon see a bost in volumes.

Mingo, the innovative cryptocurrency ecosystem backing the MingoMessenger – messaging application recently announced the launch of its pre-sale that started on 25, September 2017. The crowdsale, offering MingoTokens (MGT), the precursor token of MingoCoin (MGC) to the participants against ETH payments. The token sale received a great response from the community, attracting over EUR 650,000 … Continue reading MingoCoin Presale Starts with a High Note, Raises over EUR 650,000 within an Hour

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Nasdaq and the SEB are testing a new Blockchain technology-based solution for trading of mutual funds.

A conference in Washington this week saw officials from the U.S. government reaffirm their commitment to investigating possible blockchain use cases.

Every crypto trader is looking for the same thing. It doesn’t matter if they are just getting started and own just a small amount of an individual coin, or if they are more experienced and hold a bunch of different coins and tokens or use multiple wallets. Eventually, every trader wants to make money. Of … Continue reading Calling Top Traders- Coindash Looking for Smart Strategies with #MoonTrader Campaign

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With all cryptocurrencies seemingly going through a recovery process, one would expect great things to happen. That is not always the case, mind you, as NEO is currently suffering from heavy losses. Even though the NEO price still hovers around $29 right now, it was a net 7.1% loss compared to 24 hours ago. Reaching a new all-time high will have to wait for at least another day, by the look of things.

NEO Price Starts to Slip Again

Truth be told, it was only a matter of time until the NEO price would face some sort of setback along the way. More specifically, the past few days have been filled with price gains, although such positive momentum cannot go by without some form of correction along the way. In the case of the NEO price, this correction is seemingly taking place right now, resulting in a price dip below $30 again. This doesn’t mean the trend is permanent by any means, though.

Over the past 24 hours, things have been pretty rough for the NEO community. While the upward trend pushed the price to $34 a few hours ago, something has changed for the worse. Losing $5 in value in mere hours is not a good sign and it doesn’t appear as if the new stable floor has been reached whatsoever. There is still some upward momentum to push the price back to $31 but for now, sellers have taken control of the market.

Anyone who has dealt with cryptocurrencies for some time now will know all too well how profit taking is part of the game. Every strong value increase will always be followed by initial resistance as speculators take profits and try to buy back in at lower prices. To do so, they need to spook the markets by liquidating assets. The NEO price is still subject to a lot of speculation and manipulation, mainly due to its rather low trading volume

Speaking of the trading volume, things have started to pick up for NEO in this regard. With a trading volume of nearly $150m, things are looking a lot more solid compared to yesterday and the day before. While this is still pretty low compared to most other top cryptocurrencies, things have been evolving in the right direction, by the look of things. Whether or not NEO can maintain this particular momentum, is a big question for the time being, though.

No one will be surprised to learn Bittrex still controls over 55% of all NEO trades through their BTC and USDT pairs. Bitfinex and Binance are also doing their part, which is pretty interesting. It is good to see such a growing demand for NEO in terms of USD trading, considering it is the only fiat currency for the NEO market in the top 3 right now. A lot of community members had high hopes for the Bitfinex listing, and it seems as if this change is now paying off.

It is unclear what this means for the future of the NEO price, though. More specifically, the current uptrend and downtrend mean the market is trying to find a stable price, yet no one knows if that will be above, below, or on the $30 mark. It is evident this battle” will go on for quite some time to come, as big things are yet to come for NEO, regardless of how things will play out in the coming weeks. A $30 price per NEO is more than fair given what the currency currently has to offer.

Bitcoin Exchange Bithumb’s supremacy in Korea may be challenged soon.

TriForce Tokens, a tech startup, has recently announced its Pre-ICO and ICO campaign, starting from October 1, 2017, and November 1, 2017, respectively. The pre-ICO will last until October 15, 2017, while the main ICO will end by December 16, 2017. The first 50 pre-ICO investors are to get a free ledger Nano S cryptocurrency … Continue reading TriForce Tokens Announces ICO Campaign- Early Birds to Get Free Ledger Nano S Device

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CoinDesk takes a look at cryptocurrency hedge funds, exploring how their terms and conditions might impact your capital.

Binance, one of the top global cryptocurrency exchanges has announced the listing of FunFair (FUN) tokens from Thursday 28, 2017 4:00 AM UTC. To celebrate the inclusion of token belonging to Ethereum based decentralized gaming platform, Binance and FunFair have launched a “Top FUN holding Leaderboard Reward Program”. The “Top FUN Holding Leaderboard Reward Program” … Continue reading Binance to Add FunFair (FUN) and the Top FUN Holding Leaderboard Reward Program

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Sometimes when we put forward our strategies for the overnight session we get exactly what we were looking for from the bitcoin price. Not always (in fact, not that regularly) but when it happens it’s a great thing. Last night was one of those nights. Price broke through the $4,000 level that we had pitched … Continue reading Bitcoin Price Watch; $4,500 In Play On The Wider Timeframes

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