Day: April 3, 2018

Tough year for crypto hedge funds, sources warn. #NEWS

Any FLUX holder with 5,000 tokens in their wallet can now activate a private node. A node constantly processes all transactions within a holder’s wallet and across the wallets of other holders, then checks and verifies the results and saves them to the sidechain. Thereby, the node holders receive rewards in Ethereum for transaction processing. Here’s an example of how the system works for game vendors:

1. A FLUX holder with 5,000 tokens in his wallet deploys package nodes on his/her server.
2. The system checks the required amount of FLUX tokens
3. The running node connects to the FLUX kernel.
4. The gamer-vendor transfers the results of matchmaking to the FLUX kernel. The results saved as hashes with unique identifiers go to each node that saves them to the sidechain (distributed and scaled by the nodes themselves).
5. A smart contract saves the new addressee of the shared commission as “node holder”
6. When the paid matchmaking system is used, a smart contract sends part of the commission in ETH to the FLUX wallet connected to the node and verified by the system.

Disclosure: This is a Sponsored Article

If you want to invest in FLUX and start earning right away, we’d like to remind you that we accept: Ethereum (ETH), Bitcoin (BTC), USDT, DASH, ETC, LTC, ZEC, VISA, MASTERCARD, USD, EUR, BNB, KCS.

About FLUX

FLUX is a global decentralized gaming ecosystem based on blockchain technology. This is the first solution in the e-sports market that provides decentralized interaction of gamers, viewers and the platform itself. FLUX is an ecosystem that provides multi-level interactivity of the game process, as well as it gives players numerous new channels of monetization of cybersport achievements that are not available on existing platforms. FLUX is also a platform for competitive games and tournaments, a market for game products, a platform for online broadcasting of games and funding of game projects. The FLUX economy assumes absolute transparency, absence of boundaries, and its own token (FLUX) is the main means of payment within the ecosystem. We are also pleased to note the willingness of leading professionals to be among the partners of the project. Together with the project team – this is a highly reliable fusion of the best expertise in the industry.

Some useful links:

• Our website
• Flux wallet
• Flux telegram

Our partners are:

• Infopulse
• Remme
• MoxyOne
• Axon Partners
• Bionic University
• Ambisafe
• Provectus

FLUX is a truly decentralized system that offers infinite opportunities to play, compete and earn along the way!

Liechtenstein’s government is drafting blockchain legislation, but will not be heavy-handed, Prime Minister Adrian Hasler has told CoinDesk.

First quarter of 2018 leaves the crypto markets down almost 50 percent of total market cap. #NEWS

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the eleventh installment of my challenge. With the holiday, I was able to speak to some family members about cryptocurrency, and I also had the privilege of being part of a panel at UChicago’s recent cryptocurrency event.

TRY TO SPEAK TO AS MANY PEOPLE ABOUT CRYPTOCURRENCY AS YOU POSSIBLY CAN

This past week, I’ve had some of the most meaningful conversations about cryptocurrency that I’ve had since starting the challenge. I’m excited to share some of the best parts of my conversations with you.

1. On Saturday, I was on a panel with other industry experts to discuss cryptocurrency and blockchain technology. The energy from the crowd was palpable, and they were all very engaged with the panel. After it was over, a few individuals approached me to discuss some of the points I’d made a bit further. The most exciting thing for me about it was that many who spoke with me were students (undergrads) who were looking to learn more. I hope that the panel and subsequent conversations helped the students get a good grasp of the concepts and inspire them to continue learning. Their excitement encouraged me even more to continue teaching everyone possible about the exciting new world of blockchain technology.
2. While he is also very knowledgeable, I wanted to share a bit from my conversation with The Merkle’s very own Noah Detweiler. Our conversation covered many important topics, and I really enjoyed discussing our disagreement over whether or not Satoshi Nakamoto’s true identity was important or not.
3. My uncle noticed my bitcoin socks during our Easter celebration this year. He and I began discussing his belief that “blockchain is here to stay, but cryptocurrency is a fad.” This is something I’ve heard often recently. The truth of the matter is that you cannot separate one from the other in any truly effective way. Game theory and economic incentives are what help keep public blockchains afloat. I tried to explain that the two will always be connected, and that’s a good thing. Unfortunately, the conversation was cut short. I look forward to continuing it and explaining this in further detail to him in the future.

LEARN SOMETHING NEW ABOUT CRYPTO

While it was something I’d suspected, this weekend’s panel showed me just how interested the wider community is in cryptocurrency and blockchain technology. The event was not well publicized, but it sold out. The engagement from the audience with the speakers and panelists was breathtaking.

I realize this is not my typical “what I learned this week,” but I think that it is important to tell everyone that people are really interested in this. As more people get involved, the stronger the community becomes.

BE GENEROUS – GIVE AND USE YOUR COINS

Unfortunately, outside of tipping on Reddit, I did not use much of my cryptocurrency this week. I wanted to use some bitcoin to re-up my VPN subscription, but they recently stopped accepting Bitcoin as a payment method due to fees and volatility. Dirty fiat had to suffice.

Are you participating in the challenge? Do you have trouble finding places to spend your cryptocurrency? Tell us in the comments or via Twitter! Let’s make 2018 the Year of Cryptocurrency together!

Google says mining in Chrome extensions will no longer happen after June. #NEWS

Gainmers, a blockchain-based peer-to-peer (P2P) gambling platform, is supporting both traditional sports such as football and esports like CS:GO and Dota to evolve into a complete decentralized betting application.

Disclosure: This is a Sponsored Article

Over the past 12 months, an increasing number of blockchain development teams have attempted to launch decentralized casinos, with an aim to automate payments and minimize trust involved amongst financial service providers, consumers, and businesses.

Within merely months after the popularization of Ethereum-based casinos, several decentralized casino platforms have obtained licenses to operate in regions like Curacao, as regulated and licensed casinos. The exponential growth rate of the decentralized casino market has portrayed the evident demand from the public towards automated systems and efficient peer-to-peer platforms.

For many decades, traditional sports gambling platforms have continued to gain popularity in spite of their high commissions, unfair odds, slow payments, and unreasonable payout thresholds, primarily due to the lack of competition within the space. Specifically, there have been no alternatives to conventional sports betting platforms.

The Gainmers development team is attempting to compete against major traditional sports gambling platforms globally by releasing its cryptocurrency-accepting betting platform on the distributed ledger of the Ethereum blockchain.

Through the utilization of smart contracts on the Ethereum protocol, the Gainmers platform is able to process payments autonomously, without the involvement of intermediaries and third party service providers. The ability of Gainmers platform to process payments in a decentralized and peer-to-peer manner between the business itself and consumers substantially decreases commissions and optimizes the payment process.

“Gainmers platform brings a P2P betting mode in which the odds and returns will be defined by the amount of players gambling on a certain event. Forget about unfair odds like traditional bookmakers offer. Our goal is to give our users returns in a more transparent way. Players will be able to bet on public pools or create their own private rooms to play with friends,” the Gainmers team explained.

On its beta release, the Gainmers team showcased the friendly user interface of its platform, which is necessary to ensure that the smart contract, cryptocurrency, and complex back-end aspect of the platform are never acknowledged by the users.

As seen in the screenshot below, the Gainmers platform will begin by supporting both traditional sports and esports, including CS:GO and DOTA, which bring in more revenues and record higher viewerships than most international sports.

Last year, League of Legends finals recorded more than 10 million live viewers than the NBA finals between the Cavaliers and Warriors.

With P2P betting, private room betting, artificial intelligence (AI) bet bot, and efficient community engagement, Gainmers seek to become a complete decentralized betting platform for both members of the cryptocurrency community and users outside of the cryptocurrency market.

Given that traditional platforms that do accept cryptocurrencies undergo a complicated and impractical method to allow cryptocurrency deposits, the smart contracts-based automated process of Gainmers will likely have a strong edge over its competitors in the gambling space.

Japan-based chat giant Line has launched a Blockchain subsidiary in South Korea. #NEWS

If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.

Now that most of the cryptocurrency markets are on the rise again, it will be interesting to see what comes next. For the time being, it seems holding on to these temporary gains may prove to be rather difficult. For the Dash price, things are still going exactly as planned. With the value back over $330, interesting things may be on the horizon.

The Dash Price Momentum is Solidifying

Similar to most other cryptocurrencies over the past few weeks, Dash has not seen the greatest of runs by any means. This is not entirely surprising by any means, as the cryptocurrency markets all suffer from a  lot of negative momentum as of right now. Turning this trend around will prove to be rather difficult, but anything is possible in the world of cryptocurrency.

For the Dash price, it seems things are finally turning around, by the look of things.More specifically, the Dash price is back over $330, which is somewhat unexpected at this point in time. Even though all of the markets are seemingly in the green as of right now,it appears these current upward swings may not last all that long. It is evident the bearish pressure is still looming overhead, even though there will be a positive uptrend at some point in the future.

Thanks to this solid 9.9% gain in the past 24 hours, things are certainly improving in the world of cryptocurrency. For the Dash price, this gain is more than welcome, as the price fell from $1,500 in late 2017. Even so, this near 10% gain still means there is a lot of work to be done until the Dash price is effectively heading back in the right direction.

As one would expect, this uptrend has certainly helped the Dash trading volume improve over the past 24 hours. Although $83.231m in not necessarily impressive by any means, it goes to show there is an increase in trading cryptocurrency once again. For Dash, this lower volume appears to be more than sufficient to keep the momentum going right now, although that trend may run out of steam in the near future.

Surprisingly enough, Huobi appears to be the top exchange for Dash trading as of right now. It has a small lead over HitBTC, which is well ahead of Binance. There is no fiat currency market in the top five for Dash, although there is one USDT pair people may want to keep an eye on moving forward. Dash does have 18 trading pairs bringing in over $1m worth of trading volume, which is not all that bad.

How the Dash price will evolve in the next few hours, is very difficult to predict. As of right now, there is still a lot of work to be done until things can effectively improve. Finding stability is the number one priority for virtually all cryptocurrencies right now, albeit that is much easier said than done. If the Dash price can stabilize around $330,  April may prove to be a positive month after all.

Blockchain strategist Jeremy Gardner accused of triggering a Bitcoin bull run for tweeting there are several bids for multi-billion dollar blocks.

Blockchain Strategist Sees Demand for Multi-Billion Dollar Blocks

Jeremy Gardner, an American cryptocurrency entrepreneur who lives in the Crypto Castle in San Franscisco, may have triggered a bullish run for Bitcoin. The founder of The Blockchain Education Network, has found there is multi-billion dollar demand for single Bitcoin blocks in the over-the-counter market.

“OTC market demand for bitcoin right now is unlike anything I’ve ever witnessed. Several asks for multi-billion dollar blocks…”

His trading terminology, though, confused some of his followers as “asks” implies sellers. Gardner apologized for having chosen the wrong word to describe demand: “Several bids* Sorry for my poor familiarity with trader terminology”.

The ‘accidentally’ bullish comment was re-tweeted 365 times, liked 931 times, and commented 85 times. By that time, the price of Bitcoin was already surging from yesterday’s lows and it continued to do so. Some believe his tweet contributed to the market recovery. “I just got accused of triggering a bitcoin bull run with this tweet”, he said.

Bitcoin is now trading at $7,425, up by 5.38% in the last 24 hours, as it moves away from $6,535, yesterday’s low and only second to February 6, $6,200, as the current 2018 low. Trading volume in the last 24 hours is now close to $5 billion for Bitcoin as the cryptocurrency market registers $13 billion in daily trading volume.

Despite being currently buoyed by the $250 billion area and now surging to $275 billion, the cryptocurrency market cap has been printing new lows in April, having reached $243 billion, the lowest since November 2017.

Bitcoin is, since January, recovering its market dominance, from 32% to 45%. A block is mined on average every 10 minutes, which totals 144 blocks per day on average. Block rewards are halved every 210,000 blocks. 80 percent of Bitcoin has officially been mined and over 16.8 million Bitcoins are in circulation. Complexity and scarcity are attracting multi-billion dollar firms to enter the Bitcoin mining business.

Metrics have shown that there is increasing demand for cryptocurrency products in over-the-counter exchanges following recent hacks, namely the Coincheck heist in January 2018. Jeremy Gardner’s tweet may have contributed to a renewed sentiment in the market today, but other headlines have caught investors’ attention, including the report that Tokyo trading broker Monex Group is considering acquiring a majority stake of Coincheck for several billion yen.

Gardner’s ‘multi-billion dollar blocks’ observation goes in line with many predictions by investors and Bitcoin enthusiasts, such as John McAfee, that the currency will eventually be worth millions of dollars.

Image from Shutterstock

The post Analyst: Whales Are Asking For Multi-Billion Dollars Worth of Bitcoin appeared first on NewsBTC.

The crypto-friendly Overstock.com has pulled their secondary share offering after their share prices continue to drop. #NEWS

Aussie exchanges must abide by new AML rules from today. #NEWS