Day: November 23, 2017

KyberNetwork is teaming up with a University of California blockchain group for research on ways to improve the decentralized exchange model.

Bitcoin as ‘digital gold’ is a key motivator for one gold fund’s bullish stance on cryptocurrency.

“This move to $5,600 cleaned up weak hands and we no longer feel caution is warranted.”: Wall Street’s Bull Tom Lee.

Things are looking pretty good for Ethereum enthusiasts right now. More specifically, the Ethereum price has increased to nearly $400 once again. It is only the third time in history the price of this altcoin comes even near this level. Whether or not the Ethereum price will remain above $400 for a lot longer this time around, remains to be determined, though.

Ethereum Price Approaches All-time High

Similar to most other cryptocurrencies, the year 2017 has been incredibly bullish for Ethereum. After an initial slow start to the year, things finally shifted into higher gear around June and July of 2017.At that time, the Ethereum price peaked at $400 for the very first time in history. A magnificent growth for this popular alternative cryptocurrency, that much is rather evident. However, the momentum didn’t last long, as the Bitcoin price started turning into a demolisher of altcoin prices not too long after.

With the initial elation subsiding pretty quickly, the Ethereum price took a nasty dip all the way down to $155 and change. This was considered to be a major setback for Ethereum, even though it created an excellent buy opportunity for those who missed the initial boat. Everyone knew all too well it was only a matter of time until the Ethereum price returned WA the $400 level, although it has taken a while. More specifically, there has been one run up to $400 in September, but it ultimately topped out at $383.

With this new uptrend in place as of today, a lot of interesting things are bound to happen in the Ethereum price department. This new uptrend has a far better chance of surpassing $400, but the question is whether or not this is temporary or permanent. Price stability is a rare given in the world of cryptocurrency, and altcoins struggle with this aspect even more than Bitcoin itself does at times. Should the Ethereum price stay above $400 for an extended period of time, we might even see a run up to $500 before the year is over.

Thanks to $1.34bn worth of trading volume over the past 24 hours, things are looking pretty good for the Ethereum price. There is more than enough demand to keep this price trend intact for a little while longer. We might see a temporary pullback toward $380, though, as that appears to be a stable support level for the time being. Profit-taking will set in when magical round numbers are hit regardless, and there will be a fair amount of volatility once $400 starts turning into a new support level altogether.

Similar to pretty much every altcoin rising in value this week, most of the Ethereum trading volume comes from Bithumb. This Korean exchange is dominating all altcoin markets right now, as no other trading platforms come even close whatsoever. Right now, Bithumb has a $44m lead over Bitfinex, which is the only other exchange generating over $100m in trading volume for Ethereum. An interesting race, but it seems evident the Koreans will win in the end.

How all of this will evolve for the Ethereum price in the coming days and weeks, remains to be seen. There is a lot of positive momentum in the market right now, but it seems all currencies are competing for volume as we speak. Bitcoin Cash is clearly dominating this trend right now, but Ethereum is putting up a valiant fight. Moreover, there is also Litecoin to keep an eye on, and Dash and Monero which are not done going up in value either. A very exciting end of the week is ahead, that much is certain. Whether or not any major changes will take place in the coming hours, remains to be determined, though.

The governor of a South Korean financial regulator has said it has “no plans” to supervise cryptocurrency trading.

Cloud mining is the process of extracting of cryptocurrency, using a remote data center. Using services that provide cloud mining will allow you to receive income without significant investment, in contrast to traditional mining, since the cryptocurrency is extracted on the company equipment that is installed remotely. However, how to choose such a service among many others, with the help of which you can get income without big risks when investing? First of all, to study how the service works.

How does cloud mining work within the HashHive project?

First of all, you need to register an account in HashHive service and get into your personal account. Then, the user buys for fiat money or cryptocurrency a certain amount of hash-power, which begins to make a profit immediately. Subsequently, every day your balance charges with earned cryptocurrency, which you can reinvest by purchasing of additional hash-power, or simply accumulate it. As the user’s account accumulates a certain amount, you can withdraw it to your crypto wallet, and then exchange withdrawn cryptocurrency for fiat money through one of the exchanges.

When choosing one of cloud mining services, it is necessary to study the technologies and equipment, which are used within each of them, as this is almost the key success factor.

Technologies and equipment of the HashHive project

HashHive uses modern equipment and technologies, which significantly reduces the cost of hash-power. The project’s cooperation with large companies for the supply of immersion equipment, as well as equipment for generating electricity, allows HashHive to use:

• advanced immersion cooling system for mining servers, with the help of which servers consume less power due to removal server fans and lower component temperatures, and the cost of building data center become several times lower, because the system can be deployed in an unprocessed bare case, such as warehouse, without capital-intensive air conditioning equipment;
• highly effective gas piston engine as a source of primary and backup power, prime cost of power generation from which significantly less than from buying electricity through networks, so it will allow to save money;
• modern immersion equipment with the use of GPU chips for mining of cryptocurrency, which, unlike to ASIC chips, have a longer service life, allow you to mine all altcoins, and practically do not lose in value;
• various algorithms for mining of cryptocurrencies, such as NeoScrypt, Lyra2REv2, DaggerHashimoto, Equihash, X11, Sia, Decred and some others;
• mining of various cryptocurrencies, such as Ethereum, Zcash, DASH, SiaCoin, Decred (DCR), Monero, for diversification of risks.

Also it is very important to pay an attention to the composition of the project’s team when choosing a service that provides cloud mining.

The HashHive project’s team

Only the professionals worked on the project! It should be especially noted the founders of HashHive, who owns the idea of the project and its implementation. So, the CEO and founder of HashHive Limited is Fedotov Evgenii – an engineer by profession, specializes in automated information processing and management systems, and for the past three years has been closely involved in the study of cryptocurrencies and blockchain technologies. Within his duties, he is responsible for the technical aspects of the company, is an expert in hardware, network infrastructure, and energy supply of the enterprise.

The second founder of the project and a leading IT developer of HashHive – Shelemetev Alexander. He has an experience in web programming and design for more than 10 years. In addition, Alexander is an exclusive author on ThemeForest, and has nominations for Awwwards and CSS Design Awards.

Another co-founder of HashHive Limited is Elin Stanislav, who is an expert in the field of autonomous information and management systems, an expert in issues related to the mining of cryptocurrency, software and improvement of equipment for mining, an active cryptocurrency entrepreneur with extensive experience in the field of blockchain technology. Stanislav manages the process of building relationships with clients and employees of the company, acts as advisor on marketing strategies.

Plans of the HashHive’s team

The creators of the project have an ambitious plans! They are not going to stop at the work of one data center, and plan to create a whole decentralized network of data centers on the territory of Russia and CIS countries. These data centers, in addition to cloud mining, will also specialize on such tasks as web hosting, neural networks, game servers, video rendering, computer graphics, calculations for research projects. Thus, HashHive will merge all of its data centers into a decentralized supercomputer!

ICO for the implementation of the plans

To achieve the set goals, it was decided to use the ICO mechanism. During the ICO HashHive is going to attract investments of up to $ 30 million. Most of the funds received will be used to purchase equipment. So, according to the project’s ROI, presented in the Whitepaper, provided that within the ICO HashHive will successfully collect $ 30 million of investment and will purchase a certain amount of equipment for this money, then within 5 months, the company will reach its project capacity. All of this will allow holders of the project’s tokens during these 5 months to receive rewards in proportion to the number of tokens in their wallets, and afterwards – exchange them to hash-power of cloud mining in HashHive service with a discount of 50%, or withdraw funds and use them at own discretion.

HashHive ICO began on November 20 and will last until December 19. Learn more about the ICO conditions and project tokens on the official website of HashHive, where Whitepaper is presented, or on the pages of the project in all popular social networks.

PARTICIPATE IN HASHIVE’S TOKENSALE NOW WITH A GREAT BONUS!

The post Innovative cloud mining with the HashHive project and its ongoing ICO appeared first on NEWSBTC.

The future of finance is crowdfunding. This means that investments are no longer available to just a few. Furthermore, startups don’t have to depend on or commit to all the required conditions of one venture capital investment.

This has resulted in multiple platforms like Kickstarter to help entrepreneurs turn their projects into reality. But in recent months, with the rise of cryptocurrencies, things are rapidly changing.

When it comes to the blockchain, in particular, crowdfunding has become extremely popular in the form of ICOs (Initial Coin Offering). This approach is basically exchanging cryptocurrencies like Bitcoin for tokens.

ICOs are now so popular that several are launched every week. As a result, this can make it difficult to clearly identify which ones are good and which ones are bad.

So what should you look for before parting with your crypto coins?

The standard is to go through the background of the founders to see if they have the skills needed to deliver results. If they have a successful track record, a background in crypto, or have made a name for themselves in similar areas, it will be a safe investment opportunity.

But that’s not enough as you also have to look at the company’s goals. Are they realistic? If not, that should be a sign to take a step back.

You also have to read through the whitepaper to see if all the claims in there add up. If it’s just a bunch of buzzwords thrown in together, you’re probably going to get ripped off.

The race to invest and access bonuses can fool investors

As investors are afraid of missing out on a great opportunity to invest in the next Airbnb or Uber, ICOs can sometimes sell out within minutes. As a result, investors might not have the time to do due diligence before parting with their cryptocurrencies.

Another driving force behind this phenomenon is the promise of bonuses. Bonuses are usually structured around the total amount of the investment, but sometimes investors may submit their transaction to receive as much as a 90% bonus.

This contributes to increased uncertainty as investors will rush to get the best bonus which is usually capped within minutes. In this scenario, cumulative amount or short-period bonuses should be avoided along with bonuses that offer more than 20%.

As Vitalik Buterin, co-founder of Ethereum and co-founder of Bitcoin Magazine, has put it: “If an ICO does volume bonuses (“buy at least $50000 of coins, get 20% more”) then they don’t understand the first thing about the egalitarian spirit of crypto (or at least, the egalitarian spirit that I believe crypto should have). Skip them.”

That being said, when ICO bonuses on offer far exceed 20%, it should immediately be red flagged. On the other hand, a lack of bonuses doesn’t mean that the sale will be wrapped up quickly. Rather, it means that everyone will get in at the same rate.

Undisclosed hard cap can also be a dangerous proposition as it’s a highly attractive target for hackers. A great example of this is the Decentralized Autonomous Organization (DAO) which raised over $150 million, but was hacked shortly after and lost 3.6 million either.

In most cases, huge bonuses offered at token presale are usually covered by crowdsale contributors, which gives the first a big privilege over the latter. A great example of hidden bonuses and how they can affect ICO project’s reputation is the Cobinhood case. Some investors who bought Cobinhood’s “COB” token during presale got a 100% bonus, i.e. 2 tokens for the price of 1. According to the Financial Times, those contributors were then “permitted to sell their discounted tokens on the open market, possibly at profit, before outsiders could buy them through official channels.” In addition, Cobinhood provided a 150% bonus (can you imagine that?) to its strategic partner Ian Balina who claims to be “Cryptocurrency Investor, Entrepreneur and Author”.

After the information about those hidden bounties was leaked online, Cobinhood’s CEO apologized to investors admitting own mistake and saying that “the arrangement was unfair for participants who joined the ICO through the official channel”.

Although Cobinhood’s ICO continued, COBs were traded on the EtherDelta exchange below their ICO price.

The DMarket project has taken many expert recommendations into consideration before its first ICO. In fact, the technology company is focused on avoiding any possible manipulations in the future by pre-sale investors (wholesale investors who invested more than $50,000 at once) and other platform partners.

Furthermore, there aren’t any public or hidden bonuses as the founders don’t believe in treating pre-sale and crowd-sale investors differently. This approach is also supported by leading investment managers who share this belief of equality and transparency.

While this space may seem like the wild west at the moment, things are changing with legitimate businesses taking the ICO route. But before you invest in an ICO, you have to do your homework.

What’s more, while ridiculous bonus offers might be quite tempting, it should definitely be considered as a cause for concern.

The post Why generous ICO bonuses may indicate scam appeared first on NEWSBTC.

After nine years of rapid development of Bitcoin, Bitcoin Diamond, a new cryptocurrency, was recently launched and the innovators dubbed it as the ‘fruit of their long research’ and development.

Singapore, 23^th November : Bitcoin Diamond, a new cryptocurrency was recently launched by Team EVEY& Team 007, two teams of bitcoin miners who were not happy with some of the major downsides of Bitcoin. After nine years of rapid development and various issues that the miners faced with Bitcoin, such as lack of privacy protection, high transaction fees and slow transaction speed, the teams finally collaborated and rolled out Bitcoin Diamond.

Bitcoin Diamond or BCD will solve the known downsides of Bitcoin, according to Bitcoin Diamond Foundation, the collaborative venture.

“Bitcoin Diamond is a fork of Bitcoin that occurs at the predetermined height of block 495866”, said an EVEY team member while also launching the official website http://www.btcd.io/index.html.

“Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. The original Bitcoin blockchain will continue on unaltered, and a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond””, he commented.

According to the team member, Bitcoin Diamond has various benefits, such as better privacy protection, encryption of the amount and balance which protects customers’ privacy and faster transaction confirmations.

“Bitcoin Diamond has raised the block size as part of a massive on-chain scaling approach. There is ample capacity for everyone’s transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain”, said another team member.

He also added that Bitcoin Diamond will lower the cost of participation thresholds. According to him, it will reduce the transaction fees and the cost of participation. “The total amount of Bitcoin Diamond is ten times as much of Bitcoin which will reduce the cost of the new participation and lower the thresholds”, he told the press.

It is reported that Bitcoin Diamond has been supported by a number of exchanges, and after EXX.COM issued an announcement of on-line BCD spot goods and futures trading in recent days yesterday, huobi.pro, okex.com, coinnest.com, gate.io, bitsun, bibox, btctrade, Aex.com, Cex.com, Coinbene.com, Rightbtc.com, and other exchanges also announced the on-line transactions in recent days today. It will fork in Nov.24^th when the block hit the height of 495866.

Because Bitcoin Diamond has been highly concerned by many people in the block chain industry, the new forking coins will have a wave of hot pursuit.

Comparison chart & Support Exchanges :

About the Company

Bitcoin Diamond (BCD) is a fork of Bitcoin based on Bitcoin protocol and a new cryptocurrency.

To know more, visit http://www.btcd.io/index.html

The post The Birth Of New Bitcoin Fork-Bitcoin-Diamond (BCD) Launched with Extensive Research and Development appeared first on NEWSBTC.

We had announced earlier this week that we had a very special surprise… MediaMarkt Spain is starting to sell Bitnovo vouchers that allow users to purchase cryptocurrency instantly!

MediaMarkt BlackFriday brochure announces Bitcoin!

MediaMarkt sums to Carrefour and over 5.000 retailers in Spain that already sell cryptocurrency through Bitnovo vouchers. During 2018 over 250.000 retailers will sell Bitnovo vouchers in Europe and other countries.

Italy and Portugal stay tuned!

About MediaMarkt

MediaMarkt is one of the top tech retailers in Europe is starting to sell Bitcoin and soon Dash through Bitnovo vouchers in their Spanish retails. The launch is due on BlackFriday and MediaMarkt has decided to include bitcoin on their BlackFriday brochure that is mailed to every house in Spain during this week. This is a huge step towards massive adoption and continues on the line of Bitnovo of selling through popular retailers such as Carrefour (launched in September).

Bitnovo continues to make it easy for users to access cryptocurrencies, with over 5.000 top retailers and soon expanding to other countries such as Italy and Portugal in late 2017 early 2018. Bitnovo will place their Gift Cards at over 300.000 retailers in 2018 in Europe, Latin America and Africa becoming the best and most easy and fast solution for users to access cryptocurrency.

Media Contact

Contact Name: Luis Vaello
Contact Email: [email protected]

The post MediaMarkt Spain Launches Bitcoin purchases on Blackfriday! appeared first on NEWSBTC.

Ever since Bitcoin Gold launched, there have been a fair few issues. Most users still can’t claim their funds properly unless they use a TREZOR or Coinomi wallet. While the currency is trading on some exchanges, it is still a niche market. ElectronGold is a website people really need to be careful of when it comes to claiming Bitcoin Gold. It seems the software used is designed to steal private keys. The nefarious activity in cryptocurrency continues unabated.

A lot of Bitcoin holders attempt to claim their Bitcoin Gold. This process has been far more complicated than it really should be. The launch of BTG has been anything but stellar, and things are only getting more complex. A limited number of wallets support BTG right now. Of those wallets, not every piece of software can be trusted either. ElectronGold, for example, is a wallet people need to avoid before they lose their money.

More Problems for Bitcoin Gold Enthusiasts

Although the developers claim it is a fork of Electrum, there is a lot more going on. Everything looks normal at first, but the source code of this project hints at malicious activity. One user points out how this wallet mainly steals private keys rather than help users. Not the smartest business model, that much is evident. It is unclear how many users were affected by this theft already. It goes to show things will remain very difficult for the Bitcoin Gold supporters as well.

The Electrum team has nothing to do with this project, mind you. Someone took their code on GitHub and modified it. Once that was done, it was given the name of ElectronGold to appeal to Bitcoin Gold users.  In the source code is a dropped VBA6 app responsible for exporting private keys. A very disturbing development that needs to be addressed sooner rather than later. This type of activity should not be tolerated whatsoever.

It also appears someone is trying to discredit developer Fyookbal in the process. More specifically, they put his name on the ElectronGold “creation” despite not being affiliated with it. It is a bit unclear what is going on exactly, but this is a very problematic development. It will only make people even warier of Bitcoin Gold moving forward. The altcoin was struggling well before this incident. It seems things will only get a lot worse from here on out. We can only hope not too many people are affected by this malicious wallet.

The post ElectronGold is Effectively Stealing Bitcoin Gold Users’ Private Keys appeared first on NEWSBTC.

Bitcoin is continuing its sideways journey today, with a pullback looking possible. However, the broader outlook still remains bullish