Day: February 12, 2018

No one will be surprised to learn there is still plenty of manipulation going on in the world of cryptocurrencies. We see some very strange market momentum, especially when a currency no one has heard of suddenly enters the market cap top 20.The U.Cash price has suddenly surged by over 750% in the past 24 hours, which means this currency how has a market cap of over $1.78bn. With just $4.17m in 24-hour trading volume, it is evident this U. Cash price trend is a pump-and-dump cycle first and foremost.

What is the Deal With U.Cash?

It is not surprising to learn virtually no one has even an idea as to what U.Cash is about right now. It is a project few people know of, let alone show an interest in. Given this very low trading volume, it is obvious this current U.Cash price trend will not last for very long, even though the currency’s market cap has been pushed to $1.788bn all of a sudden. A crazy development, but if there was ever a clear indication of a pump-and-dump scheme, the current U.Cash price trend is a clear example.

To put this into perspective, the U.Cash price has risen by over 750% in the past 24 hours. Although spectacular gains are not entirely uncommon in the world of cryptocurrency, it hardly ever happens we see such a major trend materialized in quick succession. Especially for a token which was only recently released, the U. Cash price has certainly seen a lot of momentum. Once the initial hype dies down, however, things will probably quiet down a bit.

What makes this a clear pump-and-dump is how the U.Cash price soared by over 700% in USD, BTC, and ETH value. While these are solid gains all across the board, it is evident this market manipulation a tits finest. By the time you read this article, it is highly likely the U.Cash price is nowhere near $0.20 anymore, but rather back to down to single-digit cents, if not lower. For those who make good money from this pump, now is the time to start cashing out before the trend reverses.

One worrisome aspect about this current U.Cash price pump is how it has virtually no trading volume over the past 24 hours. To be more specific, it has $4.173m in 24-hour volume, yet notes gains of over 700%. With virtually no interest in this currency, the current price pump can quickly turn into a massive dump to push the U.Cash price back down once again. For now, we will have to wait and see how this market evolves, but it’s evident people chasing the pump will lose a lot of money in the future.

Considering how the U.Cash token can only be traded on one exchange right now,  it is only a matter of time until the price comes down once again. BTC-Alpha is not exactly an exchange most people are familiar with, yet it does show any new token or digital asset can soar in value through sheer manipulation. In the case of the U.Cash price, the momentum will run out soon enough, but it remains to be seen how this situation will evolve in the future.

For now, it may be best to ignore the current U.Cash price pump, as it is evident this trend cannot be sustained for much longer. With such low trading volume and only being listed on one exchange, it has become evident this manipulation will backfire on people chasing this trend sooner rather than later. We can only hope all cryptocurrency markets will calm down a bit and normal market trends will resume in the future. The last thing we need are more [useless] coins pumping out of the blue for no apparent reason.

Whales rejoice – a new project called Republic Protocol could enable large trades between ether, bitcoin and other cryptos that aren’t possible today.

A compromised plugin for browsing aid BrowseAloud has infected thousands of websites with crypto mining malware. #NEWS

CME has filed a patent to work around the difficulty in gaining a consensus to modify Blockchain rules. #NEWS

Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is “inevitable.”

More than 4,000 websites, including some owned by the U.K. government, have been affected by malware that exploits visitors’ computers to mine monero.

Distributed ledgers can be used to record different kinds of data. While most efforts focus on the financial sector right now, there are plenty of other use cases for blockchain as well. Recording marriages on a distributed ledger is an option well worth exploring as of right now. Especially given the current marriage laws in the world, it is only normal better solutions have to be found.

Blockchain technology will transform most business models as we know them today. That is a positive situation, as a lot of business aspects can be streamlined and made cheaper. It now seems this same technology impacts our society as a whole in different ways as well. In the future, we may see more marriages being recorded on a blockchain. While that may sound strange, there’s a lot of merit to this concept as well.

Recording Global Marriages on the Blockchain

Most marriage laws have not been changed in the past few decades. While that is only normal, it also shows the time for innovation is right now. There are some ridiculous requirements to deem a marriage valid these days. It can depend on location, the certificate issues, and so forth. A unified system to record all of these ceremonies once and for all simply makes a lot more sense. Up until now, there has been no viable solution in this regard, but that will change in the near future. After all, an invalid marriage can also affect people’s immigration status and inheritance rights.

With blockchain technology, it effectively becomes possible to address most problems. A transparent global marriage registry will open up a lot of new opportunities, assuming it will be developed in the future. Such a solution provides a permanent record of couples’ intentions regardless of international boundaries. Not only does it offer protection, but it would transform the concept of marriage altogether. Decentralizing marriages will certainly introduce a lot of interesting changes in the future.

It is only a matter of time until technology affects this particular industry in a positive manner. On paper, it changes nothing in the way a marriage is conducted officially. On the administrative site, however, it certainly introduces a few interesting changes. It effectively allows for all types of marriages to be formed, assuming they are legally acceptable. A lot of new opportunities will be created, especially when it comes to same-sex marriages and polyamorous relationships. The big question is when such a platform will be built.

The post New Technology Records Global Marriages on Blockchain appeared first on NewsBTC.

After a bit of a rough day yesterday, most cryptocurrency markets are in the green once again. This is a positive trend, especially when considering how yesterday’s dip was completely unwarranted. The XRP price is one of the strongest gainers once again, as its value has been pushed back up to $1.09. Although this is still quite a long way removed from the all-time high XRP price, it is evident we will see a big market recovery later this year.

XRP Price Surges by 11.5%

It is evident yesterday’s mini dip took a lot of cryptocurrency users by surprise. More specifically, we have seen a lot of positive momentum for most of last week, yet Sunday has proven to be a major exception. While no major losses were recorded when everything was said and done, it does show cryptocurrency markets will remain rather volatile for quite some time to come.  The XRP price certainly is no exception in this regard, as it dipped below $1 last night.

To put this recent price swing into perspective, the XRP price rose from $0.6 to $1.2 during last week. To a lot of people, this seemed as if it was the beginning of a major recovery, but a lot of market makers had other ideas. By pushing the XRP price back to down $0.94 over the weekend, it quickly became apparent this current path to recovery will be a lot longer than most people would like. Unfortunately, there is nothing we can do to speed things up in this regard, as we will have to take the good with the bad days.

With the XRP price noting a strong 11.52% bounce in the past 24 hours, things are looking rather positive for the time being. It is also worth noting XRP has gained 1.57% over Bitcoin, although it is to be expected this trend will reverse at some point. Especially with the Bitcoin price noting some interesting gains, it is evident all other markets will see their BTC ratio retrace a bit. Then again, cryptocurrency markets are unpredictable first and foremost, and things may turn out very differently.

With $2.521bn in 24-hour trading volume, there is no lack of interest in XRP as of right now. It is good to see more and more traders focus on this digital asset, even though it is not a traditional cryptocurrency whatsoever. More investors demand exposure to different cryptocurrencies and digital assets as we speak. XRP is in rather high demand right now, and a few major exchanges around the world recently added it to their trading platforms.

Most of the XRP trading volume is once again originating from South Korean exchanges. Bithumb, Upbit, and Coinone are all in the top three, which represents over 68% of all global XRP trades. Bitfinex is the first non-Korean exchange on the list, and they generate $144.6m in 24-hour volume. Bitbank completes the top five with its XRP/JPY trading pair generating $78.98m in volume. All things considered, this is a positive trend, as we see five fiat currency markets in the top five.

It is unclear what the future will hold for the XRP price right now. With this current positive trend in place as we speak, it is certainly possible we will see an XRP price of $1.2 in the near future. For now, there is still plenty of volatility affecting all trading markets, and it is equally possible we will see the XRP price hit $1 or lower this week. There is no common sense in the world of cryptocurrency right now, which makes for a rather interesting week up ahead.

Abu Dhabi’s markets regulator is considering drawing up a supervisory framework for cryptocurrency exchange operations.