Mastodon

ICO Agency Hits the Ground Running in 2018

(London – 07 Feb ‘18) – CoinFabric, a full-service ITO (Initial Token Offering) & ICO (Initial Coin Offering) strategy, launch & fundraising agency, has had an impressive start to the year. They have secured valuable strategic partnerships, expanded their global team and had some great successes for the ICO campaigns that they have worked on, … Continue reading ICO Agency Hits the Ground Running in 2018

The post ICO Agency Hits the Ground Running in 2018 appeared first on NewsBTC.

(London – 07 Feb ‘18) – CoinFabric, a full-service ITO (Initial Token Offering) & ICO (Initial Coin Offering) strategy, launch & fundraising agency, has had an impressive start to the year. They have secured valuable strategic partnerships, expanded their global team and had some great successes for the ICO campaigns that they have worked on, kicking 2018 off with a bang.

 

Amongst the new partnerships secured by CoinFabric were Hosho Group for Smart Contract Auditing, Mainnet for Blockchain engineering as well as development services and Vest.Network for investor pooling. This is big news for the agency, and the ICOs that they work with, as it is a positive step forward toward providing an end-to-end service that continues to deliver top-end results.

 

“At CoinFabric we pride ourselves in providing world-class services to our clients, so our choice of partners (and clients) is equally as important as the services that we offer.”, says Dean Cannell, Founder & CEO of CoinFabric.

 

One of the recent notable successes is Pareto Network, who successfully raised $10m (USD) through their Token Sale at the beginning of January 2018. CoinFabric is also currently working with Dragon Inc. (Dragon Coin DRG) who have raised $320m (USD) to date in their Institutional, Pre-Sale & Pre-ICO stages, and plan to raise even more through their public crowdsale to be launched at a later date – after proving their business model to their community. Dragon Inc. is on track to raise an astonishing $500m (USD) to underpin the Gaming & Casino industry with their Blockchain solution.

 

With a team of industry experts, CoinFabric has all of the parts to successfully orchestrate and deliver on successful Pre-Sale, Pre-ICO & Public Crowdsale events for companies looking to use ICOs / ITOs as a method for fundraising.

 

“Our experiences over the past 12 months have given us some invaluable insights. These insights have helped us to upscale our team and our offering to continue providing our clients with services that they can rely on moving forward.” , says Dean Cannell, Founder & CEO of CoinFabric.

 

 

About CoinFabric

 

CoinFabric is a full-service ITO (Initial Token Offering) & ICO (Initial Coin Offering) strategy, launch & fundraising agency. With a global team of industry experts & partners, CoinFabric offers an A-Z solution to help companies market their offering, raise funds & establish themselves as a leading brand in the Blockchain ecosystem.

 

The team at CoinFabric offer a broad range of services including strategy, branding, marketing, community building & management, smart contract development & auditing, investor outreach, and more.

Contact: Lance Connolly [email protected]

https://coinfabric.com/index.html

The post ICO Agency Hits the Ground Running in 2018 appeared first on NewsBTC.

Sp8de Building a Better Blockchain Environment for Online Gambling

Like many things in our modern world, the internet has made different detectors easier and more enjoyable. Online Gambling is once such sector that has improved greatly from going online; not only for the industry but for the players too. However, there are a few issues that come with taking things digital when it comes … Continue reading Sp8de Building a Better Blockchain Environment for Online Gambling

The post Sp8de Building a Better Blockchain Environment for Online Gambling appeared first on NewsBTC.

Like many things in our modern world, the internet has made different detectors easier and more enjoyable. Online Gambling is once such sector that has improved greatly from going online; not only for the industry but for the players too.

However, there are a few issues that come with taking things digital when it comes to fair and equal gaming, especially considering the way in which computers can manipulate and work numbers.

Thus, the next step in online gambling would thus seem to be a step towards the Blockchain. However, even this idea has its dangers and vulnerabilities. There is room and scope for the fairness of random number generation to be secured thanks to its decentralized nature, but Blockchain issues such as a congested Blockchain and slow transactions speeds can render games unplayable.

Beating the Blockchain

The idea of Blockchain as a solution to many of life’s problems is great, but only in certain circumstance for the Blockchain’s own limitations can scupper this revolutionary technology’s own abilities.

Because game outcomes are essentially microtransactions, a busy Blockchain that attempts to handle thousands of transactions a second will struggle as these outcomes get lost in the blockchain, waiting to be written.

For a gambler, this makes no sense, they cannot sit for 10 minutes to know the outcome of a game. However, the safety and security, as well as fairness that comes from the Blockchain cannot be overlooked.

Perfecting the ecosystem

To this end, Sp8de is attempting to create an ecosystem on the Blockchain that addresses the issue of slow transactions that allows casino operators to utilize feature-rich gambling applications with a zero-house edge, as well as near to zero fees.

Built on Ouroboros, the POS protocol underlying Cardano, Sp8de believes it has found the answer to the scalability issue that would usually dog a gambling platform like this as it grew and became busy.

The Ouroboros Protocol can handle thousands of transactions a second, securing fair and just results of random number generation, paying out the micropayments like not many other Blockchains can; perfect for an online gambling ecosystem.

Hitting a random Jackpot

Sp8de has gone a step further in their ICO to distribute tokens by operating an airdrop like a jackpot lottery win for its contributors. Much like a lottery ticket, the contributors with more tokens have a higher chance of winning a bigger percentage of the airdrop, accumulating more tokens.

Making the Blockchain work

The Blockchain has a long way to go and is still being perfected all the time, being moulded to fit different sectors where it is suited to revolutionize. It is not as simple as slapping a blockchain behind anything, it requires some personalisation and work.

Sp8de is doing a lot of that to create an easy to use ecosystem that can solve one of online gamblings biggest problems, while also eliminating the potential weak points of the Blockchain.

 

The post Sp8de Building a Better Blockchain Environment for Online Gambling appeared first on NewsBTC.

You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards

You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards“Terrible Store of Value” is a great piece of work if you’re a collector of crypto art that sticks it to the man whilst providing a side order of utility. Formed out of repurposed credit cards and molded in the likeness of Jamie Dimon, who inspired the artwork’s name, the piece is currently up for […]

The post You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards appeared first on Bitcoin News.

You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards

“Terrible Store of Value” is a great piece of work if you’re a collector of crypto art that sticks it to the man whilst providing a side order of utility. Formed out of repurposed credit cards and molded in the likeness of Jamie Dimon, who inspired the artwork’s name, the piece is currently up for auction with a reference bid of $15,000. Naturally the auction can be paid in bitcoin and comes with a blockchain verifiable certificate of authenticity.

Also read: Dignitaries, Pundits, and Bigwigs Reveal Their 2018 Crypto-Predictions

SoBs and Their SoV

While Jamie Dimon seems to have softened his stance towards bitcoin, the JP Morgan chief’s most stinging jibes still resonate. The cryptocurrency, he famously opined, is “a terrible store of value”. Given bitcoin’s 65% decline in the last couple of weeks, the Wall Street CEO may have had a point, though that doesn’t diminish the need for cryptocurrencies in any way – it simply suggests they may have more utility as a medium of exchange (MoE), just as they were originally intended.

You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards

Regardless of whether you ascribe to the SoV or MoE doctrine, as best exemplified by bitcoin core and bitcoin cash respectively, there’s no disputing the quality of Cryptograffiti’s latest work. The crypto artist, who’s previously created work from Federal Reserve money bags and torn up T&Cs, has used a bank safety deposit box as the canvas for “Terrible Store of Value”. A broken credit card mosaic in the likeness of Jamie Dimon completes the piece.

You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit CardsShould the winning bidder desire to add further value to their newly acquired art, they can elect to use it as a store of value by having a custom wallet address added to the side of the former safety deposit box. A certificate of authenticity is also included. Be it for ideological or aesthetic reasons, bitcoin maximalists may relish the prospect of hanging as pointed a piece as “Terrible Store of Value” in their crypto crib. Having to part with almost two bitcoins for the privilege, however, could prove to be a sticking point for purveyors of the world’s finest decentralized cryptocurrency.

What are your thoughts on this piece of crypto art? Let us know in the comments section below.


Images courtesy of Cryptograffiti.


Disclaimer: Bitcoin.com does not endorse nor support this product/service.

Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

The post You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards appeared first on Bitcoin News.

Dear Facebook, Thank You for Banning Crypto-Related Ads…We’ll Take It From Here. Sincerely, Lydian.

On January 31, 2018, the Facebook advertising platform announced that it would no longer be allowing advertisements related to cryptocurrency or digital token ICOs through a blog post.   The Facebook advertising platform covers its own native social media website in addition to its other subsidiary services, including Instagram, Messenger and the Facebook Audience Network. … Continue reading Dear Facebook, Thank You for Banning Crypto-Related Ads…We’ll Take It From Here. Sincerely, Lydian.

The post Dear Facebook, Thank You for Banning Crypto-Related Ads…We’ll Take It From Here. Sincerely, Lydian. appeared first on NewsBTC.

On January 31, 2018, the Facebook advertising platform announced that it would no longer be allowing advertisements related to cryptocurrency or digital token ICOs through a blog post.

 

The Facebook advertising platform covers its own native social media website in addition to its other subsidiary services, including Instagram, Messenger and the Facebook Audience Network. As such, the extent and reach of Facebook’s ad platform encompasses a sizeable portion of young internet users.

 

Facebook getting rid of cryptocurrency related advertisements has led to many blockchain companies scrambling to find an alternative platform where they can showcase their upcoming digital token or related technologies. Even though dozens of internet advertising networks exist, it is perhaps a good time for such companies to pivot to a decentralized alternative, especially since distribution and decentralization is the bedrock of this industry.

 

One such example of a decentralized network is DaVinci II, a full-fledged marketing platform built upon the Lydian token. The token leverages its native protocol, The Whisper Network, to solve digital advertising problems. The company has already been offering its marketing cloud service to Fortune 1000 companies and other international brands.

 

Since attaining mainstream internet popularity over the past decade or so, Facebook has managed to amass a wealth of demographic data from all of its users. Based on that information, its advertising algorithms are trained to target only a small subset of users that are likely to be interested in what the advertiser is trying to offer.

 

In the context of the digital token market, advertisers can choose to target different types of audiences, including those that showed great interest in ICOs in the past and those with little to none. The advertising algorithms, however, are pretty limited in their function. Their scope of influence extends only as far as Facebook’s own platform and its limited number of subsidiaries. Furthermore, it fails to account for user behavior elsewhere on the internet, especially non-Facebook users.

 

The future of digital advertising needs to solve such limitations and will also benefit from not being reliant on a social network for its data. Despite Facebook realizing this fact to some extent, as demonstrated by its machine learning efforts, the other problems associated with the social network remain.

 

DaVinci II’s approach to the problem has had the incorporation of deep learning and big data from the very beginning of the platform through its Mona Lisa AI. The reach of the advertising network is not limited to a limited user base either, especially as it boasts planned integrations on multiple devices, content types and demographics. Furthermore, without a central governing authority as is the case with Facebook, advertisers are not forced to comply with strict guidelines and can attract investors to their ICO, for instance, without a long administration process.

 

Given how rapidly the blockchain space is growing, it makes sense for companies in the industry to seek alternative advertising channels that are not only technically sound, but also stable. A decentralized marketing platform, like the one DaVinci II is envisioning, thus has great potential to nullify Facebook’s decision to terminate cryptocurrency-related advertisements.

 

Media Contact:

LydianCoin Pte. Ltd
Sydney Ifergan
[email protected]
https://lydian.io

The post Dear Facebook, Thank You for Banning Crypto-Related Ads…We’ll Take It From Here. Sincerely, Lydian. appeared first on NewsBTC.

Warning Signs? A Timeline of Tether and Bitfinex Events

Concerns are growing as to whether tether (USDT), the stable token pegged to the dollar, is backed by actual U.S. dollars. And recent scrutiny by U.S. regulators is doing nothing to allay those fears. As of this writing, the number of USDT in circul…

tether-bitfinex.jpg

Concerns are growing as to whether tether (USDT), the stable token pegged to the dollar, is backed by actual U.S. dollars. And recent scrutiny by U.S. regulators is doing nothing to allay those fears.

As of this writing, the number of USDT in circulation is 2.2 billion. That means Tether should have a matching number of dollars in one or several bank accounts. But, so far, no external audit has been conducted to show the money actually exists.  

Tether is owned and operated by the same individuals who run the largest Bitcoin and cryptocurrency exchange in the world. An unregulated exchange, with no official oversight, Bitfinex handles a daily trading volume of around $2 billion.

In 2015, Tether began issuing USDT at a slow pace. But after Bitfinex was cut off from all  formal banking in April 2017, that issuance took on rapid, and later, almost frenzied, pace, with higher and higher volumes being printed each month. During the same  period, the price of bitcoin rose from $1,000 to a peak of $20,000 in mid-December.

If regulators were to crack down on Bitfinex/Tether, it is hard to guess what impact that might have on cryptocurrency markets at large. To get a broader picture on the history of Bitfinex and Tether, the following is a timeline of events.  

Timeline

2012 — iFinex, the company that becomes the parent company for Bitfinex and Tether, is founded in Hong Kong.

2013 — Bitfinex incorporates in Hong Kong. Phil Potter runs the company alongside CEO Jan Ludovicus van der Velde and CFO Giancarlo Devasini.  

July 2014 Bitcoin Foundation director and former child actor Brock Pierce announces Realcoin, a cryptocurrency backed by U.S. dollar value. Realcoin is built on Mastercoin (now called Omni), a protocol that runs on top of Bitcoin. Pierce founds the company along with software engineer Craig Sellars and entrepreneur Reeve Collins.

September 2014 Bitfinex operators Potter and Devasini set up Tether Limited in the British Virgin Islands, but tell the public that Bitfinex and Tether are completely separate.  

November 20, 2014 Realcoin rebrands to “Tether,” stating it wants to avoid association with “altcoins.” At the same time, the company announces several partners, including Bitfinex. Some question if Bitfinex actually purchased Realcoin and simply wanted to hide the fact that an exchange was issuing dollarized tokens.

February 25, 2015 Tether begins trading, but the amount of USDT in circulation remains relatively flat throughout 2015 and 2016.

May 22, 2015 Bitfinex loses 1,500 bitcoin, worth $400,000 at the time, when its hot wallets, connected directly to the internet, are hacked. The amount represents 0.06 percent of the company’s total holdings. Bitfinex indicates it will absorb the losses.

June 2, 2016 The U.S. Commodity Futures Trading Commission (CFTC) fines Bitfinex $75,000 for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies, and for failing to register as a Futures Commission Merchant as required by the Commodity Exchange Act. In response, Bitfinex moves its money from an omnibus account into multisig wallets protected by BitGo.

August 2, 2016 — In the second-largest digital currency exchange heist in history at the time, Bitfinex is hacked when a thief gets away with nearly 120,000 bitcoin, worth around $75 million at the time. Bitfinex never reveals full details of the hack, but BitGo, the security company that had to sign off on the transactions, claims its servers were not breached.  

August 6, 2016 Bitfinex “socializes” its losses from the theft by announcing a 36 percent haircut for almost all of its customers. In return, customers receive BFX tokens, initially valued at $1 each. The tokens can be traded or used to buy shares in iFinex, the  parent company of Bitfinex. Since no third-party audit is conducted, it is not clear if Bitfinex is solvent at this time or simply trying to stay afloat.

August 17, 2016 Bitfinex announces it has hired Ledger Labs, a blockchain forensic firm, to investigate the theft and perform a complete financial audit of its cryptocurrency and fiat assets; only the public nevers sees the results of the investigation, and months later, Bitfinex admits it never actually hired Ledger Labs to perform an audit to begin with.   

October 13, 2016 — Bitfinex allows customers to convert BFX tokens, at a value of $1, to equity shares in iFinex. To many, who had seen the value of their BFX tokens drop far below $1 (one Redditor reported the price dropping to $0.30), the deal seems too good to pass up. Roughly a third of all BFX tokens are converted 1:1 to RRT tokens.

March 31, 2017 Wells Fargo, the last bank willing to process Bitfinex transactions, cuts off all services to Bitfinex and Tether, according to court documents in a lawsuit Bitfinex files against Wells Fargo later. Bitfinex is not a direct customer of Wells Fargo but a customer of four Taiwan-based banks that use Wells Fargo as a correspondent bank.

April 3, 2017 — Bitfinex announces it has paid off all the debt incurred from the August hack, by redeeming all of the dollarized BFX tokens it issued during the haircut. BFX trading is halted and any remaining BFX tokens are destroyed.

April 5, 2017 — Two days after announcing it had paid off its debt, Bitfinex files a lawsuit against Wells Fargo for interrupting its wire transfers. Tether is listed as a plaintiff. In addition to an injunction order, Bitfinex seeks more than $75,000 in damages.

April 6, 2017 A pseudonymous character known as “Bitfinex’ed” debuts online. He begins tweeting, accusing Bitfinex of creating tether out of thin air to pay off debts. (In January 2017, only 1 million tether were in circulation; now there are 55 million.)  

April 11, 2017 Bitfinex and Tether voluntarily dismiss the lawsuit against Wells Fargo. Potter, the director of Bitfinex, admits later that they were only hoping to buy time.

April 17, 2017 Following an announcement about wire delays, Bitfinex announces it has been shut off by its main banks in Taiwan. At this point, Bitfinex has lost all ties with formal banking and is left to move between a series of banks in other countries.

May 5, 2017 After declaring that it never actually engaged Ledger Labs for an audit, Bitfinex hires Friedman LLP to complete a comprehensive balance sheet audit. “A third-party audit is important to all Bitfinex stakeholders, and we’re thrilled that Friedman will be helping us achieve this goal,” the company says.

August 5, 2017 Bitfinex’ed starts blogging. His first blog post introduces a character he calls “Spoofy.” A video shows a trader (Spoofy) putting up a large order of bitcoin on Bitfinex only to cancel the order as soon as the price of bitcoin begins to go up. Mt. Gox, an exchange that handled 70 percent of all Bitcoin transactions worldwide before going bankrupt in 2014, was also accused of manipulating markets.

November 7, 2017 Leaked documents dubbed “Paradise Papers” reveal Bitfinex and Tether are run by the same individuals. Up until now, Tether and Bitfinex insisted the two operations were separate.

November 19, 2017 Tether is hacked and 31 million USDT (worth an equivalent amount in U.S. dollars) are moved from the Tether treasury wallet and sent to an unauthorized Bitcoin address. Tether initiates a hard fork to prevent those funds from being spent.  

December 1, 2017 Bitfinex hires New York–based 5W as their new PR firm.

December 2, 2017 In a quarterly report Bitfinex announces it will no longer serve U.S. customers because it costs too much too serve them. But, the move, which began in August, follows a U.S. Securities and Exchange Commission (SEC) crackdown on tokens generated by initial coin offerings (ICOs) that may be securities.

December 4, 2017 Bitfinex hires law firm Steptoe & Johnson and threatens legal action against critics. Bitfinex does not specify who exactly it might sue, but the individual in question appears to be Bitfinex’ed, the blogger who continues to accuse Bitfinex of manipulating markets and printing more tether than it can redeem.

December 6, 2017 The CFTC sends subpoenas to Bitfinex and Tether, Bloomberg reports. The actual documents are not made public.   

December 21, 2017 Without making any formal announcement, Bitfinex appears to suddenly close all new account registrations. Those trying to register for a new account are asked for a mysterious referral code, but no referral code seems to exist.

January 12, 2018 After a month of being closed to new registrations, Bitfinex announces it is reopening its doors, but now requires new customers to deposit $10,000 in fiat or cryptocurrency before they can begin trading.

January 27, 2018 — After five months of stating an audit was forthcoming, Tether parts ways with auditor Friedman LLP. “Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame,” Tether tells CoinDesk.

January 31, 2018 In the first month of the year, Tether issues 850 million new tether, more than any month prior.

This article originally appeared on Bitcoin Magazine.

A Classic Scam Finds New Life Stealing Bitcoin on Twitter – WIRED


WIRED

A Classic Scam Finds New Life Stealing Bitcoin on Twitter
WIRED
Then they respond to one of those genuine tweets, giving the appearance of having started a thread, in which they claim that they’ll send a significant quantity of cryptocurrency (like 2 bitcoin) to anyone who sends a smaller amount of currency (like 0

and more »


WIRED

A Classic Scam Finds New Life Stealing Bitcoin on Twitter
WIRED
Then they respond to one of those genuine tweets, giving the appearance of having started a thread, in which they claim that they'll send a significant quantity of cryptocurrency (like 2 bitcoin) to anyone who sends a smaller amount of currency (like 0 ...

and more »

Here Are the Best Bitcoin Wallets for 2018

With the popularity surge that the crypto domain has seen in the past year, it is not unusual to meet casual investors who have purchased a small amount of BTC. Most of these individuals leave their holdings in an online wallet that is hosted by an exchange, thereby leaving their funds susceptible to hacking. The hacking of the Mt. Gox exchange is a recent example that springs to mind immediately. In that particular incident, hackers stole over 850,000 Bitcoin, worth nearly half a billion dollars even back then. Thus, when dealing with larger sums of money, it is best to make use of a

With the popularity surge that the crypto domain has seen in the past year, it is not unusual to meet casual investors who have purchased a small amount of BTC. Most of these individuals leave their holdings in an online wallet that is hosted by an exchange, thereby leaving their funds susceptible to hacking.

The hacking of the Mt. Gox exchange is a recent example that springs to mind immediately. In that particular incident, hackers stole over 850,000 Bitcoin, worth nearly half a billion dollars even back then.

Thus, when dealing with larger sums of money, it is best to make use of a private wallet which not only gives you more command over your funds, but also provides more financial flexibility.

However, when choosing a cryptocurrency wallet, investors are faced with many questions such as:

  • How do these wallets work?
  • Is an online wallet better than an offline one?
  • Should I choose a hard, soft or paper wallet?

What to look for in a cryptocurrency wallet

Today, with the blockchain at the forefront of digital innovation, we have a host of options when it comes to selecting cryptocurrency wallets. However, depending upon our needs and requirements, we can choose between various storage solutions that differ in terms of security options, accessibility, etc. Some of the key areas to consider when choosing a wallet include:

  • Platform Compatibility: there are Bitcoin wallets that can be operated on Android, iOS, Mac, and Windows devices. Thus, it is important to choose one that you can make use of most easily.
  • Security Options: this is the most important aspect to consider. Many modern wallets offer customers a wide array of advanced encryption tools that allow for varying degrees of monetary safety.
  • Price: depending on the amount of crypto one possesses, one can choose between various free and paid wallets. Both have their advantages, but paid ones usually come loaded with additional security features.

Wallet types

(i) Hot Wallet: these are wallets that are always connected to the internet in one way or another. They are installed on mobile phones, downloaded on computers, or hosted by third-party websites. Hot wallets are most commonly used by online exchanges, and they are also the most susceptible to external intrusion.

(ii) Paper Wallet: these wallets do not require users to be connected to the internet. When utilized, hackers cannot gain access to one’s private keys, thereby allowing for a high overall level of security.

(iii) Cold Wallet: these wallets come most commonly in the form of hardware units that are designed to store one’s private keys. They allow for the easy exchange of various alt-currencies, and can be used by simply plugging them into a computer. Hardware wallets provide a high level of security, and are able to store currencies safely even if one’s computer is infected with malware.

The top Bitcoin wallets of 2018

7. Electrum

Electrum was one of the first Bitcoin-exclusive wallets to hit the market a couple of years back.

It is compatible with standard desktop computers as well as Android devices. From a functional standpoint, Electrum delivers on various fronts including:

  • Highly stable platform
  • Speed of transactions
  • Good security options
  • Compatible with Ledger and Trezor wallets

6. Exodus

Exodus is a free software wallet that has become extremely popular among Bitcoin holders within the past year.

It comes with a built-in crypto exchange that allows for seamless trading of all alt-currencies from one location. However, Exodus is currently only available as a desktop wallet.

5. Jaxx

Jaxx is a Bitcoin software wallet that was made particularly for use on smartphones. It allows for amazing crypto mobility, without any of the risks attached to regular hot wallets.

In terms of its usability, Jaxx is compatible with iOS, Android, and desktop computers. It provides users with incredible control over their private keys, and it also allows for quick QR transactions to be executed with the touch of a button.

Other impressive features that this wallet boasts include:

  • Shapeshift integration
  • Good smartphone compatibility

4. Trezor

Trezor is a hardware wallet that is ideal for storing large amounts of Bitcoin. It incorporates high-quality security features along with all of the benefits that are commonly provided by web-hosted wallets.

In terms of its usability, Trezor has an intuitive UI that can be used by novice and expert users alike. It also supports a wide range of altcoins and is compatible with other external wallets as well.

3. Mycelium

Mycelium is a mobile wallet that comes packed with a plethora of advanced privacy and security features. While its interface can take some time to get used to, it is undoubtedly one of the safest wallet options on the market today.

Mycelium’s code is open source, and it’s of particular use for people looking for a high level of anonymity in their crypto dealings.

2. Armory

Armory has established itself as a favorite among advanced Bitcoin users. The app offers a wide array of safety and privacy features that are not commonly found in wallets today.

It also comes loaded with many encryption and cold-storage options that provide users with good financial flexibility.

1. Ledger

While quite similar to Trezor in its design and features, Ledger is a cold wallet that has been made for customers who are looking for an increased level of security.

Ledger is a hardware unit that needs to be connected to a PC in order for transactions to be executed. Ledger is extremely user-friendly and provides a high level of privacy.

Final Thoughts

When it comes to crypto safety, one can never be too careful. All of the wallets described above contain features to satisfy the needs of advanced and novice users alike. However, before choosing a wallet, it is of the utmost importance that users do a bit of research on their own, as it involves their own hard-earned money. 

Wozniak Sells Most Of His Bitcoin Holdings, But Remains Keen Supporter of the Cryptocurrency

Speaking at the Nordic Business Forum in Sweden, Apple co-founder Steve Wozniak admitted he has sold off almost all of his Bitcoin holdings — keeping some to “experiment” with. Despite this, he’s still a keen supporter, maintaining the that the cryptocurrency is superior to gold and fiat currencies. Wozniak became interested in Bitcoin when it … Continue reading Wozniak Sells Most Of His Bitcoin Holdings, But Remains Keen Supporter of the Cryptocurrency

The post Wozniak Sells Most Of His Bitcoin Holdings, But Remains Keen Supporter of the Cryptocurrency appeared first on NewsBTC.

Speaking at the Nordic Business Forum in Sweden, Apple co-founder Steve Wozniak admitted he has sold off almost all of his Bitcoin holdings — keeping some to “experiment” with. Despite this, he’s still a keen supporter, maintaining the that the cryptocurrency is superior to gold and fiat currencies.

Wozniak became interested in Bitcoin when it was priced at $70, but was originally put off by what he saw as a cumbersome process for getting and storing cryptocurrencies. Eventually, he bought into the coin when one was going for $700. Considering current price levels, it’s likely he made a nice profit on the sale. Though it’s impossible to assess exactly how much money he made on the investment, because he has not disclosed how much of the cryptocurrency he acquired.

“When it shot up high, I said, ‘I don’t want to become one of those people that watches it, watches it, and cares about the number,’” Wozniak said. “I don’t want that kind of care in my life. Part of my happiness is not to have worries, so I sold it all — just got rid of it — except just enough to still experiment with.”

Despite this choice to part with Bitcoin, Wozniak has been — and still is — a vocal supporter of cryptocurrencies and blockchain-based technologies. At the Money 20/20 last year, Wozniak said he thought Bitcoin was better than gold and fiat currencies like the U.S. dollar because it had a finite supply. According to him, gold’s finite supply could be increased if alternate methods of mining could be developed. Similarly, a government body could influence the flow of U.S. dollars.

“Gold gets mined and mined and mined,” he said. “Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.” The coin’s supply is mathematically constrained to 21 million total, with about 80% of those currently in circulation.

Wozniak also assessed Bitcoin as a store of value, comparing it to owning a house. “Your house has value. And it is a house today, 40 years from now, it still is a house in value,” he said. As for the future, Wozniak expects Bitcoin to develop and become a more effective medium of transaction for day-to-day use: “It’s not that easy to do yet, but it’s getting there.”

The post Wozniak Sells Most Of His Bitcoin Holdings, But Remains Keen Supporter of the Cryptocurrency appeared first on NewsBTC.

A big Morgan Stanley report shows how bitcoin is in danger of becoming a victim of its own success – Business Insider


Business Insider

A big Morgan Stanley report shows how bitcoin is in danger of becoming a victim of its own success
Business Insider
Bitcoin is in danger of becoming a victim of its own success. That’s according to a big note by Morgan Stanley out to clients Wednesday titled “Bitcoin Critics Grab the Mic,” in which the bank examined three issues facing the crypto. The red-hot
Bitcoin has been acting unusually similar to the stock marketMarketWatch

all 2 news articles »


Business Insider

A big Morgan Stanley report shows how bitcoin is in danger of becoming a victim of its own success
Business Insider
Bitcoin is in danger of becoming a victim of its own success. That's according to a big note by Morgan Stanley out to clients Wednesday titled "Bitcoin Critics Grab the Mic," in which the bank examined three issues facing the crypto. The red-hot ...
Bitcoin has been acting unusually similar to the stock marketMarketWatch

all 2 news articles »

Havven announces one of the largest airdrop campaigns to let users test out the first decentralized stablecoin

AUSTRALIA, February 7, 2018 – Havven, the decentralized payment network and stablecoin, is announcing an airdrop campaign in preparation for its upcoming token sale. The airdrop program offers participants and potential users a chance to secure havven tokens ahead of its token sale on February 28th. The blockchain-based platform provides the first decentralized solution to price stability in the volatile crypto economy. Unlike Bitcoin, which has a fixed monetary policy that does not allow it to adjust to changing demands, Havven has developed a currency which backs itself. The platform is composed of two tokens: stabilized exchange tokens, called nomins,

AUSTRALIA, February 7, 2018 – Havven, the decentralized payment network and stablecoin, is announcing an airdrop campaign in preparation for its upcoming token sale. The airdrop program offers participants and potential users a chance to secure havven tokens ahead of its token sale on February 28th. The blockchain-based platform provides the first decentralized solution to price stability in the volatile crypto economy. Unlike Bitcoin, which has a fixed monetary policy that does not allow it to adjust to changing demands, Havven has developed a currency which backs itself.

The platform is composed of two tokens: stabilized exchange tokens, called nomins, and the reserve tokens that backs them, called havvens. Designed to provide a practical cryptocurrency, useful for everyday economic purposes, Havven uses a stablecoin model to maintain a steady value. Havven’s first airdrop campaign, where participating users will receive a free distribution of tokens, introduces its platform to potential users and offers the community a chance to access tokens ahead of its launch.

Imagine waking up and not worrying about the status of your cryptocurrency, or your digital coins dropping in value from one day to the next. While cryptocurrencies have proven to be a great store of value, they cannot act as a stable medium of exchange or as a reliable unit of account. Havven offers a digital method of payment that fulfills the same three functions that traditional forms of money and asset-ownership do: act as a unit of account, a medium of exchange, and as a store of value. The tool allows people to safeguard their crypto-investments, transfer money through stable, digital currency conversions, and safely plan payments in advance as they would with fiat currencies.

Havven’s “airdrop campaign” will see up to $1 million worth of havven tokens issued to users who participate. The concept of an airdrop has gained popularity in recent months with more projects looking to achieve a wide distribution of tokens to potential users. Airdrop campaigns provide users with an incentive to interact with the system ahead of the launch of a platform. It also generates interest from users who want to use the platform. In order to qualify for the airdrop, users will need to provide some personal information and an ethereum wallet address where the tokens will be sent at the conclusion of the havven token sale.

The havven token airdrop campaign will take place from February 4-14, 2018. Two million havven tokens will be available in the campaign, worth up to $1 million, the value being subject to the outcome of the havven token sale launching on February 28, 2018. This represents one of the largest value airdrop campaigns in recent times from a prominent ethereum project.

Founder Kain Warwick said “An airdrop made a lot of sense for us, we want the widest distribution of tokens possible. Our entire project is aligned with the community standards of openness and fairness, and a large airdrop is a great way to demonstrate that.”

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.

Apex Concludes Successful Token Airdrop, Prepares to Offer Decentralized Data Management Solution

APEX, the platform bringing next generation of consumer-brand interactions has recently concluded its token airdrop campaign, which was followed by the token distribution to all the eligible participants. The campaign was a result of the company’s decision to not opt for the token sale campaign that was otherwise scheduled to go live from February 26, … Continue reading Apex Concludes Successful Token Airdrop, Prepares to Offer Decentralized Data Management Solution

The post Apex Concludes Successful Token Airdrop, Prepares to Offer Decentralized Data Management Solution appeared first on NewsBTC.

APEX, the platform bringing next generation of consumer-brand interactions has recently concluded its token airdrop campaign, which was followed by the token distribution to all the eligible participants. The campaign was a result of the company’s decision to not opt for the token sale campaign that was otherwise scheduled to go live from February 26, 2018. Apex is NEO-based, decentralized data exchange platform that provides companies and businesses verifiable and quality data, while benefiting the consumers for sharing their data.

The Background

One of the biggest challenges we face today is data collection. With regulations governing data collection and handling getting stricter and more complicated, the levels of transparency are steadily declining throughout the process. Companies that especially need and use data are not sure of the data quality that they are gaining access to. In addition, data sharing entities and individuals are also unaware of who is using the data and for what purpose.

How APEX Addresses This Challenge?

Apex gives users control over their data, allowing them to decide how the data companies are accessing, collecting and utilizing it for different purposes. In addition, every time the data is used, the users get Apex Coin (CPX) as a reward. A user is notified before the data is used by the company, along with other relevant links and marketing tools. Using those links, users get an opportunity to earn more rewards, while companies get a chance to indulge in target marketing.

The Apex Design

The platform is to be integrated with existing products’ network, from Chinapex. This includes Nexus that lets companies evaluate, manage and use collected data using given tools. Blended with the IQ products of Chinapex, the data can be used for machine learning and Artificial Intelligence (AI) models.

The Apex Tokens

The Apex token (CPX), is to be used for the platform’s transactions, as well as paying for existing products from Chinapex, for instance, Nexus services and analytics. Purchases made using CPX will be 80% less than the fiat payments. The company will sell CPX via Apex’s reward wallet, integrated with daily amount limit and a priority system.  Users who buy CPX during Apex crowdsale will be given the highest priority. Besides IQ and Nexus, Apex also has PRISM, a real-time data collection system, already having big companies as customers, including BMW and Maserati.

About the Token Sale

Following the airdrop, the company has 25% of the total number of tokens reserved for platform’s growth and development, 15% for the team and company’s advisors and the last 10% is to be kept as company reserves. In the earlier private pre-sale, Apex raised $6 million, where investors got a 50% bonus, while the 50% of the total tokens purchased by each investor is locked for up to 4 months.

To know more about the platform please visit https://apex.chinapex.com/

The post Apex Concludes Successful Token Airdrop, Prepares to Offer Decentralized Data Management Solution appeared first on NewsBTC.

Here Are the Best Ethereum Wallets for 2018

When starting out with cryptocurrency, it is essential for users to set up a crypto wallet that both is secure and allows for financial flexibility (ease of exchange, streamlined transfers, and so forth). Today, there are wallets that can be hosted online, procured in the form of a hardware entity, or accessed on a computer. However, most users have been found to make use of wallets that are hosted by the exchange that they tend to most often use. With the recent surge of interest in the crypto domain, it is now recommended that investors store their alt-currency holdings in a personal wallet. This is primarily

When starting out with cryptocurrency, it is essential for users to set up a crypto wallet that both is secure and allows for financial flexibility (ease of exchange, streamlined transfers, and so forth). Today, there are wallets that can be hosted online, procured in the form of a hardware entity, or accessed on a computer. However, most users have been found to make use of wallets that are hosted by the exchange that they tend to most often use.

With the recent surge of interest in the crypto domain, it is now recommended that investors store their alt-currency holdings in a personal wallet. This is primarily due to the fact that hosted wallets are susceptible to a number of issues related to security and privacy that can be taken advantage of.

What to look for in a cryptocurrency wallet

A cryptocurrency wallet, in its most basic sense, comes loaded with two key components — a private and a public key. The private key is used for personal access to the wallet as well as for authorizing transactions, whereas the public key is the address that is given out when receiving money from a third party.

With so many options available these days, there are certain keys to think about when choosing a wallet. The core criteria to consider include:

  • Accessibility: some currency owners like to be able to access their holdings from remote locations. Thus, when choosing a crypto wallet, it is important to ask oneself the question, “How important is accessibility for me?”
  • Security: this should be one’s primary concern when choosing a wallet. One should do a bit of research and find out whether a particular wallet is a “hot” hosted wallet or a “cold” wallet that can be accessed even without an internet connection.
  • Pricing: while there are many free options out there, the paid ones usually provide extra features. Thus, one should weigh his or her options and discover the benefits and drawbacks of each.
  • Usability: for novice investors, it is best to choose a wallet that offers a highly intuitive UI.

(Infographic courtesy CryptoNews Australia)

Hot versus Cold Wallets

  1. Hot Wallets: these are the most common crypto wallets used today. They are primarily utilized by online exchanges such as Coinbase and Bittrex, but their safety features are inferior to those of both cold and hardware wallets. It should be understood that hot wallets are primarily suitable for storing small sums of money.
  2. Cold/Software Wallets: while still providing all of the core features of hot wallets, software wallets provide users with a host of added security features. They also provide more accessibility and can be used with a wide range of digital devices such as PCs and mobile phones.
  3. External Wallets: these are hardware units that allow for access to currency even when offline. It is the most secure option of the three, and provides users with a storage solution that is free of all hacking-related issues.

The Top Ethereum Wallets of 2018

(i) MyEtherWallet: quite unlike regular web wallets, MyEtherWallet has been designed to provide its users with full control of their ETH private keys on their machines themselves.

Here are its core features:

  • Completely open source.
  • Does not make use of any third party servers.
  • Makes use of smart contracts for all transactions.
  • Easy currency exchange.
  • Compatibile with other commonly used software wallets.

(ii) Ledger Nano S: this hardware wallet serves as the gold standard of affordable, secure ETH storage solutions today. Not only is it reasonably priced, but the Ledger Nano S also comes packed with an array of online/offline features that make it extremely secure.

            

It can be easily connected to one’s computer via USB, and makes use of an OLED display that allows users to double check all transactions. Lastly, it is completely immune to malware and secures one’s private keys from all third-party miscreants.

(iii) Jaxx: another familiar name amongst crypto enthusiasts, Jaxx is a multi-asset wallet that supports over ten different alt-currencies. Not only is its UI intuitive and customer-friendly, but it also comes loaded with many quality security features.

For example, Jaxx makes use of seed keys, thereby enabling users to access and restore their funds whenever required. Additionally, the Jaxx development team is extremely responsive and resolves customers’ doubts and concerns immediately.

(iv) Trezor: this was one of the first hardware wallets to hit the market back in 2016. It is fully compatible with Ethereum, and can be used on a variety of platforms such as Windows, Linux, Mac and Android.

            

Trezor makes use of an authentication system that allows users to access their ETH only after the correct password has been entered. It stores all Ether offline, and is quite affordable (starts at US$99).

(v) Exodus: this is a well-designed desktop wallet that offers its users an array of security features as well as an intuitive interface. It is absolutely free for everyone to use, and presents relevant currency information in a highly simplified and easy-to-understand fashion.

Exodus has been designed to support seven different cryptos, and it is currently the only desktop wallet to have the ShapeShift module built into its code.

(vi) Mist: it is marketed online as being the “Official Ethereum Wallet”.

While it takes a little bit of time to set up, once it’s ready for use, Mist incorporates standard security protocols such as private and public keys. It also requires users to remember their password at all times, as it is the only way to gain access to the wallet.

(vii) Ledger Blue: this feature-laden hardware wallet is the cream of the crop when it comes to external wallets. It has been described by various media outlets as being the most secure crypto storage solution on the market today.

             

 

Ledger Blue is designed to be malware-proof, and it makes use of a unique “dual chip architecture” that includes cryptographically enhanced firmware modules. However, to get all these features, users will have to dish out a cool $300-$350.

(viii) MetaMask: this is one of the most popular ETH wallets out there. It makes use of a browser-like structure to access the Ethereum Network. However, what sets MetaMask apart from its contemporaries is the fact that it allows for streamlined access to a host of dApps within the ETH network.

In Closing

While there may be no perfect security solution to safeguard one’s crypto assets, the wallets listed above have been recommended after careful consideration of their security features. While it may be fine to keep small amounts of crypto in hot wallets, when dealing with large sums of money, it is best to make use of a software or hardware wallet.

Twitter Account of Prolific Bitfinex and Tether Critic Suspended

The Twitter account of “Bitfinex’ed,” the pseudonymous online critic of the world’s largest Bitcoin and cryptocurrency exchange, was suspended today. The blogger says his tweets were being reported and his account was being spammed with hundreds of …

Twitter-bitfinexed.jpg

The Twitter account of “Bitfinex’ed,” the pseudonymous online critic of the world’s largest Bitcoin and cryptocurrency exchange, was suspended today. The blogger says his tweets were being reported and his account was being spammed with hundreds of thousands of fake followers, and he thinks Bitfinex is behind it. (Bitfinex nor its public relations firm, 5W, immediately responded to a request for comment.)

An unregulated exchange, Bitfinex handles around $2 billion in bitcoin and cryptocurrency trades per day. The company is closely tied with Tether, a sister company that produces tether (USDT), a stable token that is pegged to the U.S. dollar.

“Bitfinex trolls are claiming my tweets contain private information,” Bitfinex’ed told Bitcoin Magazine in an email. According to Twitter’s privacy policy, users may not publish or post other people’s private information without their permission.

But according to Bitfinex’ed, all of the information he shares is publicly accessible to anyone. “All recordings are public interviews or otherwise were available for anyone to record at the knowledge of the individuals in the conversation,” he said.

The Legal Defense Fund

Following the account suspension, WhalePool, a Twitter account representing Bitfinex traders as well as shareholders, tweeted, “It is criminal that @bitfinexed made up a fake lawsuit to steal $50,000 from the public. Very shameful. Glad to see Twitter taking action against the true scammers.”

The tweet appears to reference a legal defense fund taken up by Bitfinex’ed in December 2017 and is misleading, Bitfinex’ed says.

In early December 2017, Bitfinex announced it had hired heavy-hitting law firm Steptoe & Johnson to end what its public relations firm called “a campaign of mistruth” against the exchange. Although Bitfinex did not spell out exactly whom it was threatening to take legal action against, the announcement came at a time when Bitfinex’ed had been persistently accusing the exchange of manipulating the market to drive up the price of bitcoin and issuing more USDT than it could redeem.

In response to the perceived threat, Bitfinex’ed began taking donations to prepare for possible legal action against him. He ultimately raised 2.5 bitcoin, which he claims to have liquidated immediately for around $24,000. He says he’s put all of the money into a trust overseen by a well-recognized lawyer in the space with instructions to donate the funds to ij.org, “a libertarian leaning charity,” in the event those funds are not needed.

Bitfinex’ed has since stopped accepting any more donations and, as of yet, has heard nothing from Steptoe.

When It Started

According to Bitfinex’ed, the harassment began when Bitfinex initially hired 5W, a public relations firm headed by Ronn Torossian, long known for his brash and aggressive tactics.

Bitfinex’ed claims that his Twitter account became inundated with fake followers, immediately after he exposed that 5W misrepresented a memo by Friedman LLP, the firm that Bitfinex hired to conduct an external audit of its banking information.

On November 30, 2017, Torossian sent an email to reporters claiming the memo, put out by Friedman on September 28, 2017, clearly showed that Tether had actual dollars backing the USTD it issued at that time.

In fact, Bitfinex has never conducted an external audit of its accounts. Tether parted ways with Friedman in January 2018.

“Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame,” Tether told CoinDesk in January.  

Bitfinex’ed posted his first tweet in April 2016 and, soon after, began blogging. He claims he has no holding in bitcoin or other cryptocurrency. He liquidated all his assets when he began to suspect markets were being manipulated.

“I liquidated my position when I realized the consequences of the fraud that Bitfinex is engaging in. Once I fully understood it around April 20th, I figured they can pump it as much and as high as they wanted. I even said, ‘2,000 will be cheap.’”  

Bitfinex’ed is still hoping his Twitter account will be restored, but for now, whether or not that will happen is an unknown. “Truth is, I can always make another account and people will follow it. I’d rather not though,” he said.

Bitfinex’ed has not provided any direct evidence of Bitfinex’s involvement in getting his Twitter account suspended, nor has Bitcoin Magazine been able to confirm that the exchange has anything to do with the account suspension.  

This article originally appeared on Bitcoin Magazine.