Day: December 21, 2017

After being listed on HitBTC, OKEX, and EtherDelta, Exchange Union’s Coin, XUC, will be listed on CEX (XUC/USDT: XUC/ETH) on December 22nd. CEX owns the first cross-platform trading system in China, which enables users to make cross-platform trades with Huobi.pro and Bitfinex. The system will connect with more trading platforms in the future. The user-friendly platform provides a pleasant trading experience.

Recently, XUC has received attention from more and more investors. The price of XUC raised steeply since last Wednesday. On December 13th, it increased from $6.92 to $12.86, and continued to grow through December 19th. XUC grew approximately 225%, peaking at $17.52 as stated on Coin Market Cap.

Backed by a talented team of finance experts, Ivy League scholars and blockchain veterans, XUC aims to create a union between exchanges and develop technology enabling cooperation and collaboration between all major digital asset exchanges.

Today, thousands of digital assets are distributed among countless exchanges across the world. Traders require registration at multiple exchanges to obtain access to these assets. These users often face manual, slow transfers between exchanges, including high fees and price fluctuations. For exchanges, it is virtually impossible to list all assets with sufficient liquidity. Exchange Union’s aim is to solve these problems.

Exchange Union will establish a community for developers and strategic cooperations with exchanges. By connecting each different exchange, Exchange Union will form a decentralized meta-exchange platform. This platform will consist of nodes operated by the different exchanges; these nodes build the foundation of exchange union. This decentralized meta-exchange platform will offer seamless, real-time and secure trades. Trade data and other metadata will be kept confidential between the exchanges of the union.

XUC will play a crucial role to reward and incentivize functionaries within the Exchange Union ecosystem. Recently, XUC is receiving exponential attention and recognition from investors, reinforced by the recent listing on CEX.

Currently, 65 million XUC are in circulation. Further information on token allocation can be found in the white paper. Focused on long-term growth, a significant amount of XUC are locked-up, in some cases for up to 10 years. Excess coins are planned to be burned in the future, providing a deflationary nature. Along with increased adoption of Exchange Union, the value of XUC will become more and more evident. After the listing on CEX, more individuals have the chance to explore the value of XUC and raise further industry exposure. The more people understand Exchange Union and the value of XUC, the greater the future potential.

The post Happy Holidays – XUC appreciates 225% and to be listed on CEX December 22nd! appeared first on NEWSBTC.

Just as we were talking about how Ripple is less volatile than its other cryptocurrency counterparts, Ripple’s XRP caught everyone by surprise and concurred new highs on Thursday.

Meanwhile, most other cryptocurrencies saw a bearish sentiment. So What’s going on? Let’s take a look.

Asians are Going After Ripple

Apparently,  61 banks in Japan are planning to launch a new digital payments systems pilot program using the Ripple blockchain network. This is organized by SBI Ripple Asia in Tokyo. They will work with Woori Bank and Shinhan Bank of South Korea.

This is a big deal because  Asia accounts for at least a third of all cryptocurrency trading volume. The main adopters are from Japan, South Kor, a and China via Hong Kong.

Coinbase Might Add Ripple

Major cryptocurrency exchange, Coinbase has recently announced that it is working to add support for more coins in the future. This has led speculators to go long on Ripple. As one of the oldest and most established cryptocurrencies in the ecosystem, many believe that it’s only a matter of time before Coinbase adds support for Ripple, giving the general public an easy outlet for purchasing the token.

Looking at Ripple’s Chart

Ripple’s XRP finally surpassed the $1.00 barrier and is rapidly approaching $1.2.

Once the bullish sentiment dials down, we could expect yet another period of consolidation with XRP. There could even be a pullback towards one of Fibonacci’s key restracement levels.

Tell Me More About Ripple and XRP

Ripple, Inc. is the company that builds and maintains the Ripple network. It has built a blockchain-based system that banks use to issue IOUs and settle debts. XRP is Ripple’s asset and native token.

What’s XRP Used for?

XRP basically has two uses. One is to pay fees on the Ripple network. The other is being used as a “bridge currency” for value transfers between any two institutions that don’t have a trusted relationship.

However, what cryptocurrency enthusiasts need to keep in mind, is that XRP is not necessary for the Ripple network to function.

Ripple’s Market Cap

Ripple continues to save its spot as the 4th largest cryptocurrency by market cap. It is currently trailing behind  Bitcoin, Ethereum, and Bitcoin Cash.

The post Ripple’s XRP Becomes the King of Cryptocurrencies appeared first on NEWSBTC.

DUBLIN, Ireland – The Crypto Economy World Tour will stop in San Francisco, London and Amsterdam over the last week of January. The event, intended for professional investors and entrepreneurs who want to inform themselves about new forms of financing with blockchain technology, have access to more than 30 blockchain startups that will perform an ICO (Initial Coin Offering) or a token sale during the event.

Crypto Economy World Tour

During the Crypto Economy World Tour in 2018, professional investors and entrepreneurs who are actively looking for new forms of financing will be informed about the latest developments in the crypto-economy. The tour started at the largest blockchain-related event in the world, last October in Barcelona, will be in San Francisco, London, and Amsterdam in January 2018, before heading off to Asia and Australia.

Popularity cryptocurrencies

Investing in cryptocurrencies has gained enormous popularity in 2017. The abrupt increase in the value of Bitcoin as well as the growth in the number of ICOs (Initial Coin Offerings) and token sales has increased the demand for elaborate information in an area that until recently was only accessible to a small minority of investors and experts.

New ways to fund projects

Over the course of two days, delegates get elaborate information on how to access new ways to fund projects and companies in the crypto economy. What is a token sale? How do I structure one? What role does marketing play? Where do I turn for advice and expertise? Does it make a big difference where I set up the company? What exactly do the various regulators think, and how will this impact me or my investment? How do both traditional as well as crypto investors regard today’s market and how do they spot opportunities?

Investments via ICO or token sales

More than 30 pioneering blockchain startups that are actively seeking investments will (partly) finance their solution through an ICO or a token sale. How do these solutions ensure an acceleration of blockchain technology acceptance across the board? What are the possibilities to participate in a so-called pre-sale and to enter at an earlier stage? The Crypto Economy World Tour offers insights that will answer those questions thoroughly.

For more information about locations, ticket sales, sponsorship and media access, please visit www.theCryptoEconomy.com

About BECON

BECON (Blockchain Ecosystem Network) is a global and cross-sector platform for collaboration, networking, explaining and advancing Blockchain methodologies and solutions. The goal is to accelerate the growth of a sustainable ecosystem that drives the application and implementation of Blockchain in all private and public sectors. In addition to establishing the world-wide CryptoEconomy events, BECON organizes the world’s largest blockchain-related conference; Blockchain Solutions Forum at the IoT Solutions World Congress together with Fira Barcelona.

Press info

A limited number of press passes are available for this event. Please email your request, with the name of the publication or medium on which behalf you will visit the event.

Become a media partner

Media with a relevant audience are welcome to request a media partnership, in return offering discounted tickets to their readers. Media partners who will attend the event, have the opportunity to claim a standing table and/or hand out promotional material.

The post Crypto Economy World Tour comes to San Francisco, London and Amsterdam in January 2018 appeared first on NEWSBTC.

The price of bitcoin is down more than 25 percent from its recent all-time highs, spurred by futures listings from major derivatives exchanges.

December 20, 2017 (SAN FRANCISCO ) – CanYa has recently announced the purchase of Bountysource, a global peer-to-peer (P2P) open source software bounty system. CanYa, as a blockchain-based decentralized autonomous organization, fits well with Bountysource’s business model and will build an international community where any number of digital services can be provided.

 At a time when ICOs are often underdeveloped and lack any substantive business plan, CanYa has already built a substantive system where digital gig economy freelancers are able to interact. CanYa has now added a fully functional and successful new system to further develop their user base.

 Because Bountysource is currently functioning with 46,000 active participants and is the world’s largest open source P2P bounty platform, it provides a huge new connection for CanYa into the broad bounty world. The company has 13 years of success and has many of the most important cryptocurrency experts have participated including Ripple, Jihan Wu and Andreas Brekken who have all interacted with the platform.

 For CanYa, the acquisition is perfectly timed, given the clear success of the ICO and the potential for exponential growth. John-Paul Thorbjornsen, the CEO of CanYa, said, “The CanYa team are aggressively accelerating blockchain technology adoption in a meaningful way, and we see the acquisition of Bountysource as pivotal in growing fast and introducing more communities to cryptocurrencies. This is the perfect timing to double-down on open-source software. With blockchain protocols soon to power the world, there is now a huge expectation that software be open and to be contributed to by a wide variety of users. Bountysource will be the portal and a major repository of open-source software.”

 CanYa is planning for Bountysource to begin adding some of the many cryptocurrency payment choices for participants, particularly the CanYaCoin (the ERC-20 token for use on the CanYa system). Further, the cooperation between CanYa and Bountyspace will also include a refreshing of the user experience, substantial lowering of fees and, of particular note to the cryptocurrency community, the addition of a portal for ICOs and blockchain platforms to add new bounties for smart contracts.

 CanYa’s ICO will progress, already raising 8,600 of it’s 19,333 ETH hard cap. Further cooperation with platforms like Bountysource will create ways for CanYa to increase market awareness and scope, particularly as the global digital services economy grows.

The post CanYa Purchase Open Source Bounty Software Platform Prior To Ending Its ICO appeared first on NEWSBTC.

Litecoin (LTC) made a new all time high in mid-December, and has cooled off slightly since. The market cap currently is holding at a steady US$16.88 billion with US$1.52 billion in trading volume over the past 24 hours.

For anyone trading crypto and wanting to improve privacy and enhance security a Virtual Private Network (VPN) is a tool worth considering. Contrary to the common misconception that cryptocurrencies are anonymous, the reality is that the address required to send and receive Bitcoin can be easily linked back to your IP address. This is bad news if you live in a country that prohibits cryptocurrency trading — because your IP address can reveal your identity.

Amid a sea of red, Ripple (XRP) surges on. With Bitcoin and many altcoins experiencing downtrends, Ripple continues to surge. It is currently hovering at US$1.15, with a BTC value of over 7,000 satoshi. Just last month, Ripple was trading at US$0.20. After a surge last week of over 300%, XRP has continued its massive march upward.

XRP is a token equipped to serve financial institutions, such as banks and payment providers. Ripple has over 100 partners on its network, including financial giants such as Visa and American Express. Ripple provides its users with seamless cross-border transactions that are faster, safer, and far cheaper than traditional means in the financial sector.

Much of XRP’s huge valuation of over US$40 billion is due to the solution it provides to an astronomical market. Cross-border payments are transacted in the volume of hundreds of trillions per year. By using the RippleNet, banks and other financial institutions can potentially see savings of tens of billions of dollars every year. This system has already settled 35 million transactions without issue.

Beyond this, recent announcements by Coinbase that it is working to add support for more coins in the future has led speculators to go long on Ripple. As one of the oldest and most established cryptocurrencies in the ecosystem, many believe that it’s only a matter of time before Coinbase adds support for Ripple, giving the general public an easy outlet for purchasing the token.

Despite Ripple’s impressive performance and major ambitions, many traders oppose XRP from a fundamental standpoint. Cryptocurrency was born via Bitcoin as a response to the global financial crisis of 2008, as a solution to take power away from financial institutions and give it back to the people. Through a decentralized ledger offering anonymous and worldwide transactions, individuals worldwide were no longer at the mercy of their banks and governments. This new system empowered individuals by letting them bypass these governments and financial institutions completely. Ripple, of course, does not build upon these fundamentals at all. In fact, quite the opposite is true. Ripple is a “banker’s coin”. It intends to improve the financial industry by providing more power and profits to the institutions themselves. What’s more, Ripple is centralized. Ripple is a company, and this company mints and distributes XRP to its partners.

Regardless of its fundamentals, however, Ripple has proven itself as a major player in the financial sector and shows great potential to play a dominant role in the global financial system. Whether these aspects will continue to sustain Ripple’s surge or fundamentalists will sway speculative attitudes will only be known with time.

South Korean Authorities Believe North Korean Hackers Initiated a Hacking Attack Against Local Bitcoin Exchange Youbit. #ANALYSIS

According to a report by Bloomberg, Goldman Sachs are planning to set up a trading desk dealing for digital currencies. Three unnamed sources provided details to the publication about the proposal. Apparently, the bank is hoping to have the platform up and running by summer 2018 at the latest, with efforts being made to ensure it’s delivered sooner.

One of the confidants spoke of the dangers faced by those wishing to store digital assets in. Apparently, this is one of the largest obstacles the bank will face. Recent cases of security breaches such as the YouBit hacking will no doubt be driving an institution such as Goldman Sachs to ensure that any cryptocurrency-related product they choose to deliver is done so safely and is sufficiently guarded from any external threats.

If the plan the trio speak of comes to fruition, it’s likely that Goldman Sachs will become the first of the big names on Wall Street to make a market in Bitcoin and other digital currencies.

The anonymous tipsters claim that Goldman Sachs is currently in the process of drafting a team to help them create the trading desk. One of the three hinted that this was centred in New York. With such scant details from so few sources, it’s unclear under which branch the cryptocurrency desk will be housed. However, two of those revealing the details to Bloomberg suggested that transactions would be conducted electronically from within the fixed-income, currencies and commodities unit’s systemic trading function. The third stated that the bank’s managing director, Darren Cohen, was still hunting for additional ways to get into the cryptocurrency space. A spokesperson for Goldman Sachs, Michael DuVally reportedly spoke Reuters about the reasons behind deciding to roll out a trading desk:

In response to client interest in digital currencies, we are exploring how best to serve them.

Meanwhile, the face Goldman Sachs has presented to the public has told a somewhat different story to that of Bloomberg’s three anonymous sources. Lloyd Blankfein, the Chief Executive Officer of the bank told Bloomberg Television that Goldman Sachs weren’t interested in any form of Bitcoin strategy. To them the cryptocurrency is still developing, and is far too volatile to deal with. He stated in late November:

“Something that moves up and down 20 percent in a day doesn’t feel like a currency, doesn’t feel like a store of value… If it works out — and it gets more established, and it trades more like a store of value, and it doesn’t move up and down 20 percent, and there is liquidity to it — we’ll get to it.”

The post Goldman Sachs to Launch a Bitcoin Trading Desk by June appeared first on NEWSBTC.

Authorities in South Korea have reportedly filed suit against a U.S. cryptocurrency mining firm, alleging a multi-million dollar fraud.