Day: December 20, 2017

A group of university economists believe bitcoin is no threat to the financial stability, though regulatory oversight needs to be increased.

The e-Chat team managed to develop the Blockchain-based instant messaging system that enables the financial transactions within the system. The users’ assets are stored in e-Chat cryptowallets with the best protection and encryption mechanisms implemented. The startup has already gone through the pre-ICO and the First Round of ICO. The Second Round of e-Chat ICO starts on December 16 and ends on December 30, 2017. It is the shortest ECHT token presale period among the 3 planned, which lasts only for 15 days. The price of 1 ECHT token is $0.80.

The e-Chat international management team advocates for the highest level of confidentiality and security of your personal data. The e-Chat is a cross-platform app with a user-friendly interface. Moreover, it is free and absolutely protected against blocking from the side of institutions and governments.

The e-Chat cryptowallet enables the storage and transfer of your assets in ECHT and the leading cryptocurrencies. The unique feature of the cryptolike allows the connection of your cryptoassets with the standard function of the upvote. If there is the engaging content in your newsfeed you could instantly transfer some funds to the author.

The project is gaining weight worldwide as the e-Chat team is actively participating in conferences, summits, meetups and ICO battles. During the First Round of e-Chat ICO, this startup became a partner of the Cryptoconference held in Tokyo and was spotted among the Gold Sponsors of the Blockchain summit in London. Among the recent events where e-Chat team players had an opportunity to speak about the project were the biggest Blockchain Conference – BlockShow Asia 2017, 6^th China Forex Expo and Cryptospace in Moscow. The e-Chat community has also significantly grown, especially the subscriptions to their social network pages.

Get it on Google Play or App Store, try it out and enjoy the highest level of protection against breaches, cyberattacks and meddling from any third parties.

Make up your mind and support the first decentralized social messaging platform. Stay tuned, visit the official e-Chat website, where you can also find the whitepaper of the project.

Unit 25A,

Wing Hing Commercial Building,

139 Wing Lok Street,

Sheung Wan, Hong Kong

+8 (528) 009-06441 – Hong Kong

https://ico.echat.io

The post The Second Round of e-Chat ICO, First Decentralized Messenger, Ends in 10 Days! appeared first on NEWSBTC.

Crypto mania is taking the world by storm!  From reaching a combined $600 billion market cap, to Bitcoin trading at $20k on some exchanges, there seems to be no stopping the rise of digital currencies.

There are many ways to cash in on the potential that crypto has to offer, one of them being mining.  This is the process where each transaction or record on the blockchain network is verified.  As a reward for their contribution to the network, the miners receive freshly generated cryptocoins.

The cryptocurrency mining process is extremely processor as well as power intensive, and can get expensive if tried individually at home. Not to mention, the mining process requires specialized hardware, which has to be set up by oneself along with the power supply to feed the hardware. Genesis Mining steps in here to make the whole process easier, allowing interested cryptocurrency community members to be part of the mining community without going through any of these hassles. On a mission to “democratize mining”, the company is providing accessible and affordable cryptocurrency mining solution to the masses.

Genesis Mining provides cloud-based mining services to small- and large-scale investors.  Their mining farms already have all of the equipment set up.  In fact, the platform has the best Bitcoin and Altcoin-mining hardware and software available and running already.

The representatives of Genesis Mining have recently taken an initiative through their “EvolveWithUs” campaign to explain cryptocurrency mining and their services in the sector to the general public to increase awareness about the process and the company’s offering.

What is a Mining Rig?

Stefan Schindler, CTO representing Genesis Mining offers a simple definition for the most crucial hardware in the mining operation by saying,

“A mining rig is basically a computer, but is stripped down to the minimum in terms of computing, and up to the maximum in terms of mining.”

The Evolution of Mining

Mining had previously been done on a computer’s processor.  However, as the industry grew, so did its mining requirements.  Processor mining took an enormous amount of power, and an alternative was eventually adopted — Graphic cards. Graphics Cards or GPUs, proved to be more efficient at processing transactions, and didn’t use nearly as much power, resulting in a classic ‘work smarter, not harder’ approach.  Since then the industry has advanced, creating specialized hardware called ASIC miners. However, GPUs still play a vital role in mining some of the popular alternative cryptocurrencies (Altcoins) in the market.

The Structure of a Mining Rig

In appearance, it looks like your average computer mainboard.  The key difference is that is filled with lots of GPUs.  The USB port contains USBs holding the actual mining software, which is not stored on the processor.  It also has plenty of connecting cables to make everything run.

GPU processing

In the case of Genesis Mining, their specialized mining rigs can hold about six GPUs each.  The mainboards available on the market do not have the internal space or slots for all of these GPUs that goes into Genesis Mining’s version of mining hardware. This is where PCI risers come in, which are extension cables that allow the mainboard to be fitted with many GPUs.  These risers also help with even heat distribution so that the rig doesn’t overheat.

The power supply unit is also fitted with a strong cable, and powers all of the GPUs and the mainboard.

The company manufactures, stores and operates the mining rings at their mining farms in Iceland and other locations. These equipment can be quickly and efficiently assembled and are completely mobile for added convenience.

Have a look at the video if you’d like to know more.

The initiatives like EvolveWithUs are some of the things which makes Genesis Mining — the World’s leading Hashpower provider to stand apart from the rest.  Keep an eye on their Website and Social Media channels for more such educational videos.

Follow the EvolveWithUs campaign here

Visit the Genesis Mining website to buy mining hashpower.

Follow Genesis Mining on their official channels linked below:

Twitter: https://twitter.com/GenesisMining
Facebook: https://www.facebook.com/GenesisMining
YouTube Channel: https://www.youtube.com/c/Genesismining_official
VKontakte: https://vk.com/genesisminingrus
Instagram: http://www.instagram.com/genesismining_official
LinkedIn: https://www.linkedin.com/organization/5095028/
Blog posts on Medium: http://www.medium.com/@genesismining

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Are You Ready for the Cryptocurrency Revolution?

An ancient Chinese curse goes something like this: “May you live in interesting times.” When it comes to something as fundamental to human interactions as money, the beginning of the 21st century has been interesting indeed, thanks to a little development called cryptocurrency. Emerging in 2009, Bitcoin was the first contestant in the digital cash realm, but others soon followed, and there is no letup in sight. But what exactly is a cryptocurrency and should you even care? The underlying technology that makes cryptocurrency possible is about to explode onto society in an even bigger way than it already has.

The World Before Bitcoin

To understand how intrinsically Bitcoin differs from the traditional money system requires a quick review of how financial systems operated up until now. The paper cash and metal coins in your pocket are precisely regulated by the government and central banks. This is where cryptocurrencies diverge. They are a decentralized alternative money system that is beholden to no higher authority.

As one might surmise, it is digital in nature and involves no physical manifestation, existing only as lines of secure code on a server somewhere. While not accepted broadly by mainstream retailers yet, digital currencies have already found kindred spirits in those who support an anonymous, secure, transparent money system. And when mainstream currency brokers like AionNext decide to offer online trading of cryptocurrencies, can the tipping point to mass approval be far behind?

The First Cryptocurrency

In 2009, either a single person or group of people going by the name Satoshi Nakamota created and released Bitcoin, the world’s first cryptocurrency. The idea of a currency that operates outside official government control has created a sense of unease among many. In the first years following Bitcoin’s release, countries have scrambled to come up with a way to define the legal status of this upstart currency. China banned its banks from using cryptocurrency. Russia hasn’t made them illegal to possess, but you can’t buy anything in that country unless you use the ruble.

As far as the United States is concerned, Bitcoin and its variants are treated as property for tax purposes, which means capital gains are due when you sell them at a higher value than what you paid. Online traders, especially those already familiar with the Forex market, love the idea of trading an asset that shows some of the upward mobility tech stocks demonstrated in the late 1990s. In fact, AionNext has updated their trading platform to incorporate Bitcoin, Ethereum, and Dogecoin.

Behind the Cryptocurrency Curtain

In the years since Bitcoin’s introduction, the number of different cryptocurrencies has grown to around 1,100, most of which operate on similar or derived technology as the original. An interesting feature of Bitcoin and most others is that they have a built-in limit on how much will be allowed to enter the market. In a sense, this creates a similar arrangement to precious metals, of which there is a finite amount. When Bitcoin hits the number that its creator preordained, that’s it. Investors and traders will still be able to swap the existing supply amongst themselves, but there will be no more.

Regardless, for those interested in trading cryptocurrencies, rest assured that this should have no effect on the ability to trade in this digital asset. Obviously, precious metals are still traded on commodity markets around the globe, even though there is a hard limit on how much of each type exists.

How to Trade Cryptocurrency

It didn’t take leading currency brokers like AionNext long to realize that there was something in the idea of a cryptocurrency that would appeal to online traders, so they adjusted their asset offerings accordingly. What shouldn’t be lost among the rush for profits is that the need for a high-quality platform and ultra-secure brokerage hasn’t magically disappeared. You can lose or gain real money trading cryptocurrencies, just as easily as you lose or gain in the Forex or equity markets. The need remains for a disciplined trading plan that doesn’t risk too much of your money on a single trade. Discipline, perhaps even more than any single trading strategy, will be the difference between those who profit and those who don’t. One AionNext innovation newbies might be interested in are the buy and sell signals generated by market-monitoring robots powered by algorithms that allow them to analyze the market faster and more completely than any human could.

The Bottom Line

It’s easy to sometimes dismiss a new technology as a flash-in-the-pan that will be gone with the next development. And though individual cryptocurrencies may come and go, there’s something about the underlying technology innovations that could trigger a seismic change in how our financial systems operate. The blockchain technology that powers Bitcoin is already under scrutiny by several banks that are curious if it could lead to improvements on their own security measures. Others hypothesize that another result will be an entirely new internet, one that is more secure and less susceptible to hacks or outside manipulation. Stay tuned. It’s getting good now.

The post Cryptocurrencies explained by AionNext appeared first on NEWSBTC.

How did the pundits fare in 2017? Author Don Tapscott reviews his own predictions, taking stock of where he went wrong and where he was on the money.

Christmas may have come early in crypto land as altcoins are hitting the top of their charts once again in the Asian trading session this morning. Bitcoin has remained relatively flat since the launch of CME’s futures contracts on Sunday. Prices have only fluctuated slightly between $17k and $19k over the past few days.

In previous months we have witnessed the big daddy of crypto literally eat its younger siblings which Bitcoin prices sky rocket and altcoins start tanking. These last couple of weeks have been quite the opposite and today a number of cryptos have broken their previous price tops.

An hour or so ago Ethereum reached an all-time high of $840, a price which may have increased further by the time you get to the end of the article. ETH broke through resistance around the $750 level and marched higher through the psychological $800 barrier. The surge has likely been boosted by the launch of the Dai stablecoin on the Ethereum network. Similar to Tether, Dai is soft-pegged to the USD and, according to their website where;

“anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that will always maintain its purchasing power.”

Along with Ethereum, OmiseGO has made record gains today climbing over $20 for the first time. Omise has experienced huge growth this year from a sub-dollar coin back in July to where it is today with a market capacity over $2 billion. OMG works slightly differently to other blockchains in that it has a delegated proof-of-stake which involves validating the network through running nodes that can be voted for. With real transactions already occurring and trials with big companies Omise could GO even further in 2018.

As predicted Litecoin has broken resistance and started heading upwards this morning towards a new high of $375 according to Coinmarketcap.com. LTC has been flat for almost a week after jumping several hundred percent in a couple of days. It has just started to move again and the next station for Charlie Lee’s crypto is at $400.

Bitcoin Cash also had an epic morning reaching new heights of $2,353 a few hours ago. Markets have pulled back slightly but the coin still trades high at $2,200 at the time of writing. BCH is the third largest crypto currency with a market cap of $37 billion.

Other coins doing well out of this morning’s trading session were Ripple, Cardano, Dash, Monero, NEO, and Nem, which just broke a dollar for the first time. Happy times in crypto land.

The post Altcoins surge in Asian trading session appeared first on NEWSBTC.

Key Points

• Bitcoin gold price is gaining momentum and it recently traded above $380 against the US Dollar.
• There was a break above a major connecting resistance trend line at $355 on the hourly chart of BTG/USD (data feed from Bitfinex).
• The pair might continue to move higher above the $400 level in the near term.

Bitcoin gold price is gaining traction above $380 against the US Dollar. BTG/USD may soon accelerate gains above the $400 level going forward.

Bitcoin Gold Price Trend

It was a good period for bitcoin gold price as it moved above the $325 and $360 resistance levels against the US Dollar. The upside move was strong and the price almost tested the $400 level. A high was formed at $399.92 and it seems like the current upside move is far from over. During the upside move, there was a break above a major connecting resistance trend line at $355 on the hourly chart of BTG/USD.

The pair is now poised to break the $400 level and gain further. On the downside, an initial support is around the 23.6% Fib retracement level of the last wave from the $290 low to $399 high. However, the most important support is near $360 and $355. The mentioned $355 level was a resistance earlier, and now it is likely to act as a support. Moreover, the 38.2% Fib retracement level of the last wave from the $290 low to $399 high is also around $358 to act as a decent support.

On the upside, a break above the $400 level is very likely. Above $400, the next target could be the $425 level in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is heading towards the overbought levels.

Major Support Level – $355

Major Resistance Level – $400

Charts courtesy – Trading View, Bitfinex

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