Day: October 5, 2017

Rising asset prices are always fodder for the media seeking stories on speculative excess. Cryptocurrencies, though, are no longer only used for speculative trading. Most initial coin offerings are for viable products and services used everyday in our economy, including for paying for insurance, travel and even parking tickets. Each month, a greater percent of cryptocurrencies is spent in the productive economy.

If you do not already have a multicryptocurrency wallet, you will likely need one soon.

The Eidoo wallet has been designed to meet the multicryptocurrency needs of the digital shopper and currency trader. More and more e-commerce purchases are being made in cryptocurrencies and tokens. Different from standard currencies as a store of value, tokens are smart contracts that can have many different features. For example, tokens used to buy air flights with XYZ airline may automatically be programmed to issue air miles and extra baggage allowance.

The Eidoo wallet currently holds bitcoin, ethereum and ECR-20 tokens (an ethereum token based on an advanced security protocol). It has been designed to be open and accept other cryptocurrencies in the future. The wallet provides the standard features, including a mobile app, private keys and the ability to accept both BTC and ETH. Additional value added services include a debit card and built-in exchange. Businesses can place their own brand on the wallet.

Eidoo’s multi-asset wallet provides many advantages over single currency wallets:

Inventory control – Cryptocurrencies are not valued in the same way as fiat currencies by most people, although the mindset is quickly changing. As bitcoin prices soar, you suddenly remember buying some of those ‘bitcoins’ a few years ago when they were very cheap but have no idea where they are today. Even if you could remember the name of the website where you bought the bitcoins, it is likely defunct. Those bitcoins bought for $0.003 in 2010 are now trading for over $4,000!  Similarly, most bonuses and rewards, increasingly issued as tokens by companies, are never spent by their owners because they sit in forgotten accounts.  It is easy to forget about or misplace virtual tokens if you do not have a wallet. Eidoo’s adaptable multicurrency solution plans to make room for all your coins.

Interoperability –  A multi-wallet needs to do more than aggregate your digital assets in one place. Eidoo has overcome the technology hurdles to providing true interoperability among currencies, thereby reducing friction costs such as high fees and commissions associated with transactions.  The simple,  intuitive interface allows the user to conduct seamless transactions.

Currency risk – In the current market, traders often have to first transfer cryptocurrencies across wallets and exchanges. Spreads and fees differ significantly across cryptocurrency exchanges. By storing and trading currencies on the same platform these added fees can be avoided.

Security – Each digital wallet uses different security protocols and features. If you use multiple wallets with multiple security features, your digital identity and assets are more likely to be vulnerable to theft. Eidoo’s digital wallet for multicryptocurrencies uses advanced security features, ensuring your coins are safely stored. You will be asked to choose 12 words to secure the virtual private keys of your Eidoo wallet. If you lose your private key, unlike the old days when you could consider your wallet lost or stolen, the Eidoo Recovery Tool can retrieve your key.

The wallet also has its own built-in exchange. Whether you want to do some speculative trading or hedge your exposure to productive assets, the trading function is integrated into the wallet.

The Eidoo wallet can be downloaded from the Android or IOS store. To access the full functionality of the wallet, you need to buy some Eidoo tokens (EDO). No need to wait to use your Eidoo wallet. The initial coin offering begins on October 4th and is open until October 16th. The ICO is selling 20 million EDO at $2.30 per token. EDOs can be purchased with ethereum.

Disclosure: This is a Sponsored Article

Payments in cryptocurrencies? Closer to becoming a common reality as first ever tourists pay for their holidays to Malta in Bitcoins.

Ever since District0x was announced, people have been eager to learn what the platform has in store for the future. One of the projects this team is working on is a decentralized marketplace called Name Bazaar. The public launch of the product is expected in the very near future, although the developers are still making some changes and updates as we speak.

Name Bazaar Lets you Exchange Ethereum Name Services Domains

It is always refreshing to see projects come to market which are built on top of existing projects. The Ethereum Name Service, which allowed users to register .eth domain names in exchange for Ethereum tokens, has been around for quite some time now. Some of these domain names were sold for a lot of money, even though they may not necessarily be in use right now. After all, there is very little use for custom .eth domain names, but that doesn’t mean they have no future.

There will now be a dedicated peer-to-peer marketplace where such domain names can be exchanged. This platform will be known as Name Bazaar and is currently in development by the District0x team as we speak. Although this platform has not been made available to the public yet, it is expected that will only be a matter of time. There are some interesting aspects of this particular project that will get a lot of positive attention, to say the least.

Under the hood, Name Bazaar will seemingly allow people to trade domain names or possibly even resell them to other parties. This latter capability has not been officially confirmed at this point, and it is possible we will see some changes before this project is unveiled to the public. There will be various sections on this marketplace where one will be able to see available offerings and create new listings. Additionally, the platform will track which domain names are more popular or have seen recent action.

Name Bazaar could prove to be a powerful way to promote the benefits of the Ethereum Name Service as well. It remains to be seen how things play out in this regard, though, as the demand for these custom domain names will not magically increase due to this new product. Then again, one never knows what the future may hold for this platform or the ENS itself.

So far, it appears that audits of Name Bazaar have been pretty positive overall. The entire project is powered by smart contracts, which means there will be no centralized backend whatsoever. That in itself is a good sign, as services like these do not require any centralization whatsoever. Nick Johnson will perform a security audit of this platform as well, although it remains to be seen what those results will look like. Assuming no major revisions are needed, the project will launch later this month.

Moreover, existing District0x token holders will be able to provide valuable feedback on the Name Bazaar project itself. This can be done through its feedback Dapp, which was released some time ago. It is good to see such an open-minded approach being taken by this project in ascertaining what the community wants to see done differently. Once the platform launches, the team will keep a close eye on any additional feedback and improve its operations. Afterward, they will start building their next project.

The many ways Blockchain can help India’s economy prosper.

BARCELONA,  — Addressing a major industry conference today in Barcelona, Viktor Shpakovsky, co-founder of  The Token Fund, a crypto asset investment vehicle, outlined the benefits he along with his colleagues are planning to bring to their new fund creation and management platform Tokenbox.

Announced last week, the Tokenbox’s Initial Coin Offering (ICO) starts Oct. 24, but until now only few details of the venture have been released. Speaking at the three-day Blockchain Solutions Forum, Shpakovsky said Tokenbox is designed to serve the needs of fund managers and traders, on the one hand, and investors on the other.

“Today we have a lot of people who are interested in investing in crypto assets, and a lot of people interested in doing fund management,” he said.

“What problems do funds and traders have? No tokenization. No smart contracts. Legal issues. Not much professional software. Little or no money under management. What problems do investors have? Shady funds and traders. Hidden portfolios. Lack of choice. Security issues. No fiat gateway. Tokenbox is an ecosystem aiming to solve all these issues at one place.”

Shpakovsky said traders and funds will be tokenized through the system’s web interface and  be legalized through the system’s umbrella licence. They will then gain access to a large community of already Know-Your-Customer, or  KYC,  authorized investors. Meanwhile, for their part, investors will get access to a wide range of funds and traders, which have already gone through all the Tokenbox’s strict due-diligence procedures.

Shpakovsky, his business partner Vladimir Smerkis, and their team are developing Tokenbox partly based on their experience creating The Token Fund, one of the first successful crypto asset funds. The fund, launched in March and priced at $10 per token, is now valued at about $40 per token.

With the Tokenbox ICO, the venture will offer a maximum of 31 million tokens at $1 each. The crowd sale is scheduled to begin Oct. 24, 2017. Tokenbox’s token symbol will be TBX.

During today’s presentation, Shpakovsky also said that a major emphasis is on the system security. Tokenbox’ partner company Group IB, an internationally recognized cybersecurity firm, is responsible for this. He pointed out that Ilya Sachkov, Group IB’s CEO, is among Tokenbox’s advisors, alongside renowned fintech expert Chris Skinner.

About Tokenbox

Tokenbox is a comprehensive system designed to supply all the trading and compliance infrastructure necessary to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class. Tokenbox is headquartered in Moscow, at 2nd Paveletsky Dr. 5/2. Its Initial Coin Offering is scheduled to start Oct. 24 and will be conducted under Cayman Islands jurisdiction. The closing date is Nov. 7.

For more information. Please contact: Elena Tairova, pr@tokenbox.io or +34 631 56 08 52, or Fred Harrison, [email protected], or +44 20 7099 8261.

Tokenbox is the source of this content. Virtual currency is not legal tender, is not backed by the government. Accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Blockchain startup Circle has revealed a new inter-wallet settlement system called CENTRE, aimed at connecting the world’s digital payment services.

Why are criminals increasingly turning to cryptocurrencies? See some ideas of how Bitcoin could facilitate illegal activities.

Conflicting cryptocurrency information coming out of Russia has almost become a trend these days. With so many different politicians having different views on Bitcoin, a unified approach seems highly unlikely right now. Anton Siluanov, the Russian Finance Minister, claims the government will be educating the masses on cryptocurrencies. More specifically, the public will be informed of the risks associated with investing in these currencies.

Russia Wants to Educate People on Cryptocurrency

It has to be said, there are a lot of conflicting opinions on Bitcoin and cryptocurrency in Russia right now. Opinions there range from banning cryptocurrency to launching mining facilities and even educational efforts right now. None of this indicates how things will actually play out in the coming months. There is still talk of legalizing Bitcoin in Russia, even though other government officials would like nothing more than to prohibit the use of cryptocurrency altogether.

To the average person, cryptocurrency still makes no sense whatsoever. That is not entirely surprising, as the concept is pretty difficult to wrap one’s head around. Cryptocurrencies aren’t regulated by banks or governments, which makes them less appealing to most people and more appealing to people who want to control their own money at any given time. For now, it seems the former camp is the majority, although it is only a matter of time until more people realize that they don’t control their wealth using traditional methods.

Educating the masses on cryptocurrency should be the first step in every case. After all, if people don’t know what it is or how it works, there is very little reason to regulate this niche market in the first place. There is only one reason why governments want to regulate cryptocurrency: it has become too big a trend to ignore any longer. Whether or not this is a positive sign for Bitcoin moving forward remains anybody’s guess right now, though.

In Russia, Finance Minister Anton Siluanov wants to introduce some form of educational program revolving around cryptocurrency. That will be pretty interesting to see, considering there are very few countries in the world actively trying to educate the masses on this new form of money right now. It is certainly true there are risks associated with investing in cryptocurrencies, but those same risks apply to making any other form of investment right now.

Interestingly enough, Siluanov doesn’t mean there will necessarily be regulation of Bitcoin and cryptocurrencies moving forward. That is rather unusual, especially considering it is such a topic of debate right now. This also does not mean Russia will not introduce any form of Bitcoin regulation in the future, of course. However, people should realize how useless such an undertaking is right now, since decentralized currencies cannot be controlled whatsoever. All governments can do is try to “punish” centralized companies, which are not the backbone of Bitcoin or any other cryptocurrency whatsoever.

Judging by the information provided by TASS, Russia’s educational effort will commence later this year and end in 2023. It is certainly possible the program will be extended even further, although nothing has been set in stone just yet. Russia is trying to make some big moves in the world of cryptocurrency right now, although it remains to be seen how these ventures will play out in the long run.

Another day, another dollar in the bitcoin space. Markets are now drawing to a close in Europe and it’s time to take a look at how action matured throughout the session and, in turn, how we can use this to inform a strategy for our bitcoin price trading efforts going forward into the US session … Continue reading Bitcoin Price Watch; Here’s Are Our Two Entries For This Evening

The post Bitcoin Price Watch; Here’s Are Our Two Entries For This Evening appeared first on NEWSBTC.

The price of dash is trading above $300 again, but a look on the charts suggests bidding at higher prices could prove light.

Much as financial authorities tried to ban or tighten crypto currency regulation, it doesn’t affect the interest in Bitcoin and its colleagues. In September, China announced the planned ban of crypto currency trading starting from October. Crypto currency market reacts with a huge sell-off, but not for long. Three days later Bitcoin is loved again, trading above $4,000.

The interest of potential investors to the new market is understandable, as alternative investments compared to traditional ones give the opportunity to profit more than 1,000% per year, and the apparent market bull trend allows expecting even higher levels of profit. The forecasted profitability on crypto currency investments may exceed 1,250%.

Not Too Late

However, crypto currency market capitalization lags other financial markets. There is an interesting chart from HowMuch, where bitcoin’s place in general picture of world money is visualized (Figure 1). Apparently, the growth potential is huge enough to make money on that.

Figure 1. World  Money In Perspective

Source: HowMuch.net

The pace of market growth leads many people to the crypto industry. Those who have never been engaged in such investments before.

The lack of market experience for most investors, high risks due to the uncertainty of the external and internal environment, the obvious “bubble” in many crypto assets, and the likelihood of fraud in some ICO – all this may make investors lose their funds in this market.

CryptoFund Solves Problems

CryptoFund solves this problem by offering its trading and financial experience. It also provides potential investors with developed investment strategy aimed at earning money on any market moves.

In the short run, CryptoFund plans to enter global markets, attract traditional institutional investors from around the world, and provide user-friendly investment from a mobile device for all customers.

And that’s why the company decided to launch an ICO.

CryptoFund Token Sale

The CryptoFund token sale is slated to begin November 13, 2017, and will end on December 13th, 2017. There is also a Pre-ICO starting from October, 2 and ending on October 23d, 2017, during which tokens will be available for investors with a discount of 50%. The maximum volume for token sale is three million. The starting exchange rate within Pre-ICO amounts to $0,5. And it rises to $1 per token during ICO sale.

Token Distribution

75% – Investors

15% – Bounty

10% – Founders

The team is planning to gradually buy back the tokens from investors. The profitability of a token is expected to reach $8.3.

What Is CryptoFund

CryptoFund is a diversified algorithmic crypto fund investing in crypto technologies and blockchain.

The market of crypto currencies is growing at an aggressive pace. However, this rapid growth is accompanied by huge volatility, uncertainty and distrust to participants and infrastructure. The company experience in financial markets, credibility among professional traders, investors, financiers coupled with blockchain technology makes it possible to make the crypto industry extremely transparent, open and safe for the broadest groups of users.

Company mission is to make investments in crypto currency affordable and understandable for everyone.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Despite the mixed fortunes of DECENT’s token, its marketplace will leverage it to incentivize use.

The concept of mining Monero with one’s browser has received a very bad rap over the past few weeks. That isn’t a big surprise, mind you, as none of the solutions we saw come to market allowed users to opt out. Thankfully, there is at least one website on which this feature can be turned on and off depending on users’ preferences. In fact, it is disabled by default, which seems to be the smart decision from a long-term perspective.

Making In-browser Mining an Option

A lot of websites would gladly get rid of their traditional advertising models in favor of something that more people might agree to. With the rising number of people using ad blockers these days, traditional advertisements are not necessarily a great source of income right now. Then again, it is difficult to find a suitable replacement, especially one that won’t dissuade users from visiting your site for the information they are looking for.

Mining cryptocurrency using site visitors’ browsers is one option being explored right now. All it takes is a few lines of JavaScript code to make this venture a success. Unfortunately, this mining process cannot be turned on or off, forcing users to sacrifice some of their computer resources while browsing a website. That has rubbed a lot of people the wrong way, for obvious reasons.

Thankfully, it seems at least one news website is planning to make a positive decision in this regard. On Reddit, there is a thread about a new site known as ToTheMoon which uses a cryptocurrency mining script as an opt-in feature to support content creators. Users can click on this widget to successfully mine cryptocurrency on behalf of the site owners, or they can ignore the function and browse the site normally. When using the mining feature, the site will use a bit more CPU power in the process, of course.

More importantly, the mining process on this particular site doesn’t require any user information whatsoever. Instead, the site guarantees that the whole mining process is completely anonymous and that nothing is collected. It is always hard to tell if that is true, but we will have to take the site owner’s word for it. Also importantly, the Monero mining process doesn’t start automatically, which is a very good thing.

Last but not least, the site owners have limited the hashing power itself to ensure no systems are overloaded. At maximum, it will only use 30% of spare CPU cycles to mine Monero as long as the feature is enabled by the user and he or she remains on the website. Whether or not a lot of people will decide to support this site by dedicating spare CPU cycles in the mining process remains to be seen. This is an interesting take on things, though, as it goes to show such a feature never has to be mandatory in the first place.

Whether or not we will see other platforms integrate such a feature as an opt-in method also remains to be determined. It is good to explore alternative solutions in this regard, though, as no one should be forced to watch advertisements or dedicate CPU power to mining Monero on someone else’s behalf. It will be interesting to see whether or not other sites will follow ToTheMoon’s example moving forward, but for now, this appears just to be a unique experiment.