Day: February 14, 2018

When people conduct an online search for Bitcore, they will come across two entirely different products. The one we are looking at here is the Bitcore cryptocurrency, which is known as BTX across trading platforms. It is a new cryptocurrency which offers regular airdrops, even though it aims to become the world’s number-one payment coin in the future. Surpassing Bitcoin or any of the established currencies will be quite challenging, though.

What is Bitcore Exactly?

Even though Bitcore positions itself as a state-of-the-art cryptocurrency, very few people are actively concerned with this project, by the look of things. It is still a relatively new and unknown currency, even though there are regular airdrops taking place. New coins are handed out free of charge every single week, which should get BTX into the hands of as many people as possible in the long run.  

The Technical Side of Bitcore

For a currency launched in April of 2017, there has not been too much buzz about Bitcore. This is mainly because the technical aspects of this currency are not exactly unique, even though there are some interesting nuggets. With 21 million coins and a 10 MB block size, Bitcore is certainly worth keeping an eye on. Its total block size is also less than 300 MB, which is rather peculiar. Plus, it supports Segregated Witness, which is a positive thing.

What will make Bitcore stand or fall is whether or not it offers unique features. The way things look right now, there is nothing that really stands out about Bitcore, as there are no smart contracts, innovative features, or blockchain-based projects worth keeping an eye on. It does use a completely different mining algorithm and support up to 48 million transactions per day, but that won’t matter much if only a few people use it. It also has no replay protection to speak of, as the developers claim it is not needed in the slightest.

One feature which may be of interest to Bitcore enthusiasts is that users have the option to control the address from which coins are sent. Moreover, they can also manually determine which address should receive the change amount of every transaction. It is a nice addition to the ecosystem as a whole, even though it’s not necessarily something that will catapult Bitcore to the number-one spot in cryptocurrency.

Are There Use Cases for BTX?

For now, there are no active use cases for Bitcore as a currency. It is an investment vehicle for those who firmly believe this project has a future, but there are no merchants officially accepting BTX as payment. It is unclear if this situation will change in the future, but for now, there is no reason to purchase BTX tokens if you want to pay for goods or services.

What Comes Next?

A project such as Bitcore can only thrive if its developers keep their eye on the prize. According to the official roadmap, the first hardware wallet supporting BTX is just around the corner. The native platform will support direct purchases and sales of BTX in the future, and the merchant network will be expanded throughout the rest of the year. Bitcore’s developers have some rather bold plans, such as raffling off a car and running TV commercials. Whether any of this will actually happen is a different matter altogether.

Ripple partners with Saudi Arabian Monetary Authority for cross-border payments pilot program. #NEWS

The crypto-fiat conversion conundrum has been a consistent problem when it comes to the worldwide appeal of the new nexus of currency. This doesn’t mean that cryptocurrencies are any less legitimate than their fiat counterparts but it reflects the fact that certain roadblocks continue to hamper the universal application of these virtual currencies.

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For example, if a user has some Dogecoin, it can be very difficult to convert directly to fiat and then withdraw as much as he likes. He will most probability have to convert it to Bitcoin and then sell the Bitcoins, creating an unnecessary second-step. The same holds true for fiat currencies too, as many of them are directly linked with the US Dollar. It holds much more importance for cryptocurrencies as speed and utility is what they are all about. Platforms are now stepping up to fill this sizeable void in the crypto market.

Denaro, a new crypto-fiat wallet and worldwide crypto-debit card is aiming to make things easier and straightforward for coin holders around the world. Its pre-sale has already reached the target and the main Token Generation Event is going to make place in the near future. Denaro is simply a multi-currency wallet and debit card with a global application.

What Does Denaro Bring to the Table?

The groundbreaking platform allows a user to access, spend, send and receive cryptocurrencies using a digital wallet and a physical debit card. Users can load their cards with the help of BTC, ETH or the native coin, DNO, and then freely convert between the currency of their choosing. Merchants will then be able to accept the payments made by Denaro platform through payment terminals and a host of innovative API and SCI functions.

The main goal of Denaro is to bridge the wide gap between the conventional and crypto markets around the world. They want to make it as easy and straightforward as using a regular debit card and not worrying about calculations all the time. The Denaro cards and wallet will have a high degree of liquidity and it has been designed keeping the demands of merchants including a free payment terminal for them.

Denaro’s blockchain-based smart secure gateway will allow storage and payment of cryptocurrencies to be secure and done through P2P channels rather than storing anything on the platform itself.

Native Token “DNO” and Referral System

The native DNO tokens will power all settlements that take place in the Denaro network. They include a wide range of functions like discounts, bonuses and premium services.

Denaro is attracting attention in the crypto world due to its lucrative bonus-and-commission system that rewards early backers to get 3% of the purchases made by their referrals. This could amount to some serious money if users manage to refer a lot of people.

Denaro Token Generation Event (TGE)

The pre-TGE has already ended but the main crowdfunding round has started from 9 February 2018. They accept BTC, ETH, LTC and even fiat currencies based on ePay’s fiat payment gateway. Details are as follows:

Token Name: DNO

Total Supply: 100,000,000  

Price: 3000 DNO/ETH or equivalent

Hard Cap: 65,000,000

The Main Sale bonus system consists of a 25% bonus for the first 15 million tokens sold, 10% for the following 20 million tokens sold, and 5% for the next 25 million tokens sold.

To find out more about Denaro, visit the Website: https://denaro.io/

The Canadian Securities Exchange announces Ethereum-based Security Token Offerings (STOs), positioned as a “fully-regulated” alternative to ICO funding. #NEWS

Litecoin is outshining gains seen in other large-cap cryptocurrencies Wednesday, though the fundamentals of the move may be in question.

Fidelity Charitable has revealed it received $69 million in crypto donations in 2017, making it the fastest-growing option accepted by the firm.

Even though some people may assume the DEW cryptocurrency must have something to do with Mountain Dew, that is not the case. Instead, it is the native token of the so-called Decentralized Exchange of the World. This ERC20 token has quite a few interesting aspects, even though most interest will revolve around the project with which it is associated. Decentralized exchange solutions are the next frontier in the cryptocurrency industry; that much is evident.

What is DEW Exactly?

DEW stands for Decentralized Exchange of the World. This global decentralized cryptocurrency exchange will focus on the trading of futures, global securities, and blockchain assets. It is quite a large project which combines the best of traditional finance with the innovative forms of money associated with cryptocurrency and blockchain. Moreover, the platform is compatible with ETFs, foreign exchanges, stocks, and any other asset that has value. All of this will only happen once the platform comes out of beta, which may take some time.

DEW’s technical aspects

As one would expect from a decentralized exchange model, there is some degree of similarity between DEW and traditional exchanges. Users’ equity is traded in a decentralized manner, rather than having the company act as a custodian of funds. All trades are recorded on the project’s blockchain in real time, and prices will reflect real-time changes as more trades occur. Unfortunately, the project’s website is down as of right now, and thus it is impossible to gauge how much progress has been made so far.

The DEW token is something one can pay attention to as well. There is a maximum supply of 200 million DEW, and the cryptocurrency will serve as the basic token on the exchange. More specifically, all transaction fees on the DEW exchange will be paid using this token. It is also the only token which will be used for trading with all other supported currencies, tokens, futures, stocks, etc. Other than those, there do not appear to be any immediate use cases for the DEW token as of right now.

With so much information being kept in the dark right now, it is a bit unclear what we can expect from the DEW project in the future. As the website is offline and there has been no further communication from the team, it is possible this project is dead in the water. We will have to wait and see how things play out in this regard, but it would be best to do your own thorough research before investing any money in this project as of right now. It is evident some things are not adding up at this time, and caution is always advised.

Is There a Future for DEW?

The way things stand right now, it does not appear people should have high expectations for the Decentralized Exchange of the World. Even though this project had a lot of merit, there is no real use for the DEW cryptocurrency until the platform launches. With all online information having disappeared, it seems there will never be any use cases for this currency, unfortunately. We will keep an eye out for any further updates on this project, but for now, there does not appear to be anything going on where DEW is concerned. It’s a worrisome development, though one that was not entirely unexpected.

Bitcoin and cryptocurrency mining centers are consuming a lot of energy, but is not an issue. #ANALYSIS

Blockchain innovator IPSX has announced the successful winding down of its private investment round which netted a total of 6,500 ETH for the development of a decentralized platform for the sharing of internet protocols (IP) upon which applications can be built – effectively a distributed layer network of data centers shared by community members.

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Opening to such great demand, the private session was forced to turn down over 23,500 ETH offered up for investment, since the hard cap limit for the entire crowd funding event was only 10,800 ETH. As such, the main public sale will take place as a token generation event on February 28th, 2018, to raise the remaining 4,300 ETH that would meet the hard cap limit. Once all remaining IPSK tokens are sold, contributions will be closed, or until a maximum deadline of March 5th, 2018, whichever comes first.

Platform-as-a-service, Infrastructure-as-a-service

IPSX tokens are built on the Ethereum protocol, using smart contracts to power an incentivized model for global users to share IPs. The IPSX platform aims to be the world’s first truly decentralized marketplace combining flexible tools such as APIs and SDKs to assist developers and entrepreneurs to build applications in a secure and transparent environment on top of existing IPs. These applications will include services where IPs are central to their operation, such as Virtual Private Network (VPN) providers, data mining firms, web crawling services and micro tasking companies.

Through this open and distributed availability of IPs, the problems of centralized IP access thanks to closed networks and proprietary payment systems is eliminated. The major benefit is cost reduction on large volume IP use, while increasing the access to and availability of multiple IP sources, fitting the needs of large corporations and small entrepreneurs.

Multi-Function Ecosystem

The platform will also help to spur access and digitization throughout the world, allowing end consumers to enhance security and privacy, bypass corporate and political limitations, as well as access geographically-restricted content.

Users who rent out IPs on the marketplace (providers) to other users (requesters) will use a dedicated Ethereum-based transaction system to directly pay and receive transactions, in IPSX tokens. They will take advantage of an IP market that has a current value of over $60 billion, growing 16% annually, driven by increasingly huge demands for IP use.

IPSX benefits from the gravitas of Marco Houwen, whose experience initiating the NGO Infrachain ASBI, a solution adopted by leaders of the Luxembourg Blockchain Ecosystem, will help see out its development roadmap.

The IPSX Token Sale

To participate in the upcoming token generation event, interested contributors must complete the following steps for registering interest:

• Join the IPSX Telegram channel
• Await access for the whitelist registration
• Register for the whitelist and pass AML/KYC requirements
• Await KYC approval

Details of the contribution address will be published a minimum of 24 hours before the event begins on the official channels on Telegram, blog and Twitter. Users are advised to only trust information on these official channels.
To learn more about IPSX, visit their website and read the technical whitepaper.

This day seemingly keeps getting better and better for all cryptocurrency markets. More specifically, the Stellar price is also making some notable gains as we speak, which is rather interesting. Thanks to a solid 18% gain, the Stellar price is back up to $0.45. It almost seems like ages ago since we last saw this value, even though the Stellar price hit that same value just four days ago.

Stellar Price is Surging Quickly

It is always interesting to see how different cryptocurrency markets evolve. Over the past six weeks, most markets have suffered major losses, and it seems this trend is not entirely over just yet. At the same time, we see some markets note some major gains, which can only be considered to be a good thing.With the Stellar price now heading back to $0.45 and potentially higher, things will get a lot more exciting from here on out. This does not necessarily mean we will see more Stellar price gains in the future, though, but things may turn out in a positive manner for all we know.

With a solid 18% gain in USD value over the past 24 hours, the Stellar price has risen from $0.38 all the way to $0.452 without meeting too much resistance. it is only a matter of time until things turn back in the right direction for all cryptocurrency markets. Right now, there is still over $300bn in total market cap waiting to be recovered throughout 2018. If the Stellar price is any indication, things may turn around rather quickly as we speak.

It is also worth noting the Stellar price represents a 10.16% gain over Bitcoin. Even though the Bitcoin value has been on the increase as well in the past few hours, it’s good to see alternative currencies note gains in their respective BTC ratio right now. In the case of Stellar, the BTC ratio now sits at 0.000049 BTC, which is more than respectable. There will be some interesting developments affecting all markets in the future, by the look of things.

With $281.84m in 24-hour trading volume, the demand for Stellar is anything overwhelming right now. The same still applies to all other cryptocurrency markets, as a lot of markets are still down by quite a margin as of right now. When this trading volume picks up for all cryptocurrencies again, things will get pretty interesting moving forward. Stellar has never had the multi-billion Dollar volume, though, and the current number is more than fair for this particular market.

It does appear South Korea is pushing the Stellar trading volume as of right now. Upbit’s XLM/KRW pair represents over 40.5% of all trading volume in the past 24 hours, which is more than the rest of the top five combined. There’s also only one fiat currency pair in the entire top five right now, and the South Korean volume doesn’t impact any international markets whatsoever. Whether or not we will see any Western markets show any interest in XLM over the coming hours, remains to be seen, though. For now, it seems all other exchanges are well below the $30m threshold right now, but things can always change in quick succession in the cryptocurrency world.

For now, it remains to be seen what the next few days will bring for the Stellar price. Although the current trend seems to indicate things will only get better from here on out, there is no reason to think cryptocurrency markets are out of the woods just yet. For all we know, this is the prelude of another big drop in prices. We can only hope that is not the case, though, as there has been enough market volatility to contend with already.

South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain for interbank clearing and settlement.