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InWeCrypto Establishing Strategic Cooperation With Etheremon

TheMerkle Blockchain BloatInWeCrypto announced it will establish cooperation with Etheremon with an aim to fulfill their promises, that is, to open the world of blockchain apps for users and realize secure and convenient exchange and management of multiple assets so that users can easily use multi-asset management apps. Etheremon is the first to unveil gaming 3.0 by combining blockchain with VR technology to offer unprecedented user experience. It creates a world of Etheremons where users can catch, train, change, and transact Etheremons to create value. In this world, users can train their own monsters to fight others and earn EMONT. EMONT and

TheMerkle Blockchain Bloat

InWeCrypto announced it will establish cooperation with Etheremon with an aim to fulfill their promises, that is, to open the world of blockchain apps for users and realize secure and convenient exchange and management of multiple assets so that users can easily use multi-asset management apps.

Etheremon is the first to unveil gaming 3.0 by combining blockchain with VR technology to offer unprecedented user experience. It creates a world of Etheremons where users can catch, train, change, and transact Etheremons to create value. In this world, users can train their own monsters to fight others and earn EMONT.

EMONT and the NFT asset EMONA of Etheremon can be stored in InWeCrypto wallet. Sale and transaction of EMONA can also be made on InWeCrypto which is a cross-functional platform that offers asset management and transaction.

In the future, news about Etheremon and information of its community will be updated on InWeCrypto. Through strategic cooperation with InWeCrypto which is a media site of blockchain news and a multi-asset wallet, Etheremon will transform data collection of digital assets in blockchain games and the way digital assets are tokenized.

InWeCrypto is a multi-functional app that offers news of blockchain projects and management of tokens and NFT assets. Users can manage their digital assets on InWeCrypto which provides multi-asset wallets for tokens of projects that will be updated in the future so that users can transact digital assets on InWeCrypto.

Also, InWeCrypto is an open marketing platform that offers ERC20 red packet for users. InWeCrypto will become the place where blockchain apps flourish and activate the new market of digital wallets.

The two will cooperate in more areas, such as brand promotion, operation and marketing, and blockchain technology. With the support in digital asset access and operation & marketing from InWeCrypto and the influence of Etheremon in the blockchain VR industry, the two will support each other to promote the blockchain gaming industry, advance technical progress, and lead the construction of blockchain ecosystem.

Follow InWeCrypto at:

Website: inwecrypto.com

Twitter: https://twitter.com/inwe_crypto

Telegram: https://t.me/inwe_crypto

Follow Etheremon at:

Website: https://www.etheremon.com/

Twitter: https://twitter.com/myetheremon

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.

Winstars is Ready to Change the Face of Gambling

A team of professionals launches a project to create blockchain gambling platform – Winstars. Pre-sale will begin on May 10, 2018. During this period, 22.5 million tokens will be sold at a price of $ 0.16 per coin. Features of the new gambling platform:   daily distribution of profits to randomly chosen players or tokens holders; 10% of the profit from the jackpots played are paid out to partners; token holders gain 15% dividents;   transparency and honesty of the operator – each participant will be able to check all transaction histories, all withdrawal of funds, as well as correctness

A team of professionals launches a project to create blockchain gambling platform – Winstars. Pre-sale will begin on May 10, 2018. During this period, 22.5 million tokens will be sold at a price of $ 0.16 per coin.

Features of the new gambling platform:

 

  • daily distribution of profits to randomly chosen players or tokens holders;
  • 10% of the profit from the jackpots played are paid out to partners;
  • token holders gain 15% dividents;

 

  • transparency and honesty of the operator – each participant will be able to check all transaction histories, all withdrawal of funds, as well as correctness of next card generation;
  • there is no minimum threshold for starting games – due to low fees, there is no minimum deposit replenishment threshold;
  • rapid withdrawal of any amounts without risk of account blocking;
  • fully automated payments – each game session begins with the creation of a smart-contract that conducts all payments at the end of it;
  • two types of referral programs – three levels for investors and five levels for partners;
  • granting exclusive rights to ICO investors to sell WINS tokens on cryptoexchanges – the platform guarantees that it will not trade its own tokens;

The principle of interaction of participants in the Winstars ecosystem is shown on the infographics.

The honesty of the platform operator is guaranteed by smart-contracts, which are responsible for the fair distribution of random numbers and playing cards, casino and poker room rates.

As a random number generator, the project uses multifactor encryption using the RSA method. Thus, it becomes impossible for the operator to intervene or predict the outcome of the game.

These methods significantly increase the chances of winning for customers.

Using the project’s own protocol makes the next turn almost instantaneous.

The functioning of internal tokens eliminates problems with delay in funds withdrawal to the account.

Subsequently, the platform will become a full-fledged marketplace, where third-party developers can market their games and gain profit from them. This guarantees the appearance of new types and formats of games.

The main round of the ICO starts on June 3, 2018. It is enough for the team to raise 5 million US dollars to launch the project.

The launch of the platform is planned for the third quarter of 2018.

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.

Ethereum’s EIP:0 Attendees Commit to Governance Plan

Several stakeholders in the ethereum community have pledged support for a governance plan produced by attendees of the EIP:0 Summit.

Several stakeholders in the ethereum community have pledged support for a governance plan produced by attendees of the EIP:0 Summit.

China ICO ban proving ineffective

Despite measures announced in February aimed at preventing its citizens from taking part in cryptocurrency trading and initial coin offerings, Chinese media are admitting that ICO activity is continuing to intensify

Despite measures announced in February aimed at preventing its citizens from taking part in cryptocurrency trading and initial coin offerings, Chinese media are admitting that ICO activity is continuing to intensify

Bitcoin’s Recent Institutional Demand Is Unprecedented, Says Futures Market CEO

TheMerkle_Price RallyPaul Chou, a former Goldman Sachs executive and the founder of LedgerX, a regulated bitcoin derivatives and futures market based in the US, said that Bitcoin has been seeing unprecedented institutional interest for the first time in its history. Institutional Money During an interview with Nathaniel Popper of the New York Times, Chou stated that despite the recent market correction that led the values of most major cryptocurrencies such as Bitcoin and Ethereum to drop by large margins, the demand from institutional investors and retail traders has been on the rise. Chou said: The industry is seeing unprecedented institutional interest for

TheMerkle_Price Rally

Paul Chou, a former Goldman Sachs executive and the founder of LedgerX, a regulated bitcoin derivatives and futures market based in the US, said that Bitcoin has been seeing unprecedented institutional interest for the first time in its history.

Institutional Money

During an interview with Nathaniel Popper of the New York Times, Chou stated that despite the recent market correction that led the values of most major cryptocurrencies such as Bitcoin and Ethereum to drop by large margins, the demand from institutional investors and retail traders has been on the rise.

Chou said:

The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history. I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.

Over the past five months, institutional investors such as the Rothschild family, Rockefeller’s venture capital firm Venrock, and George Soros have announced that they either have invested or plan to allocate large sums of funds to the cryptocurrency market.

Earlier this month, several reports revealed that a Chinese angel investor had purchased a total of 10,000 Bitcoins in the first quarter of 2018, which was when the Bitcoin price hit a yearly low of $6,000. Cai Wensheng, the founder of Chinese social media app Meitu with a personal net worth of $1.5 billion, told technology entrepreneur Wang Feng in an interview that he’d also invested in various Ethereum-based tokens such as Ontology, Theta Network, Zipper, ArcBlock, and Dxchain.

Institutional demand for Bitcoin and other cryptocurrencies in the West has been non-existent, in spite of anticipation from cryptocurrency investors of the entrance of retail investors into the cryptocurrency space.

But, as Chou noted, institutional investors have at last begun to invest in the cryptocurrency market, possibly because the market has declined substantially since its market cap peaked at nearly $900 billion.

In the future, Chou explained, more financial institutions will start to deal with cryptocurrency investors and holders directly, avoiding brokers and third-party service providers that could take big cuts of transactions.

ICE, the parent company of the New York Stock Exchange (NYSE), has already started to test a Bitcoin exchange it has developed and plans to launch it commercially in the short term. Unlike Goldman Sachs and Morgan Stanley, ICE has created a proper Bitcoin exchange that allows investors to buy, hold, and sell the dominant cryptocurrency without derivatives or futures contracts.

“The reason we got into crypto was not to partner with a bank, but to replace them. We deal with crypto holders directly in a way that really takes advantage of Bitcoin’s strengths, while avoiding brokers, banks and other institutions that take multiple cuts of the transaction,” Chou added.

Next Rally

The short-term trend of the cryptocurrency market is difficult to predict due to its high volatility. Analysts and investors unanimously agree that once institutional money flows into the market, it will gain stability as it experiences a new rally with billions of dollars in new capital.

CryptoBank get ahead of Bank of Russia and creates Cryptoruble

A few months ago the bill on regulation of the decentralized property meaning creation of own digital currency has drafted in Russia. While the Central Bank of Russian Federation progresses in realization of the idea to create a national cryptocurrency, the CryptoBank development team has made this idea a reality. The CryptoBank blockchain startup has created a Cryptoruble – a decentralized, non-volatile cryptocurrency linked to the Russian ruble. Besides Cryptoruble, the project has also presented such cryptocurrencies as Cryptodollar, Cryptoeuro, and Cryptoyuan. Each cryptocurrency is processed in a separate blockchain and has the fixed value linked to the similar fiat currency. So, 1 Cryptoruble

A few months ago the bill on regulation of the decentralized property meaning creation of own digital currency has drafted in Russia. While the Central Bank of Russian Federation progresses in realization of the idea to create a national cryptocurrency, the CryptoBank development team has made this idea a reality. The CryptoBank blockchain startup has created a Cryptoruble – a decentralized, non-volatile cryptocurrency linked to the Russian ruble.

Besides Cryptoruble, the project has also presented such cryptocurrencies as Cryptodollar, Cryptoeuro, and Cryptoyuan. Each cryptocurrency is processed in a separate blockchain and has the fixed value linked to the similar fiat currency. So, 1 Cryptoruble = 1 Russian ruble, 1 Cryptodollar = 1 US dollar, 1 Cryptoevro = 1 Euro, 1 Cryptoyuan = 1 Chinese yuan (CBD = USD, CBE = EUR, CBR = RUB, CBY = CNY). At the moment, you can buy or sell these cryptocurrencies on the cbex.co.in platform.

To be able to provide appropriate stability of the price, the project uses a method of rate support in reserve storage and diversifies funds. At the same time, CryptoBank does not need to store reserves in traditional financial institutions.

Unlike the fiat currencies that are subject to regulation by the central authorities of the country in which they issued, the CryptoBank cryptocurrency is decentralized, and therefore is not subject to geopolitical and age restrictions.

CryptoBank’s tokens have a number of advantages not only over fiat, but also such cryptocurrencies as Bitcoin, Ethereum, etc. They are convenient not only for paying for goods and services in everyday life, but also in case of need to preserve the assets value. 

Today cryptocurrencies have considerable volatility and present themselves the speculative tool in the market. Owners of CryptoBank tokens will be able to take all blockchain technology advantages without experiencing volatility, thanks to the anti-inflationary algorithm applied in algorithms of mining CryptoBank.  It is necessary in order that participants of the market may interact in their usual environments and CryptoBank is ready to help them in this.

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.

Ricky Williams says Uranus is pointing to bitcoin as a great investment – Washington Post


Washington Post

Ricky Williams says Uranus is pointing to bitcoin as a great investment
Washington Post
Bitcoin has been an exceedingly volatile commodity of late, with its price plummeting from around $20,000 in mid-December to under $6,000 by early February before beginning to rebound. That could scare away some investors but — and it’s a big but
Ex-NFL star Ricky Williams studies astrology – and it’s telling him to invest in BitcoinCNBC
Uranus convinced Ricky Williams to invest in BitcoinFor The Win

all 7 news articles »


Washington Post

Ricky Williams says Uranus is pointing to bitcoin as a great investment
Washington Post
Bitcoin has been an exceedingly volatile commodity of late, with its price plummeting from around $20,000 in mid-December to under $6,000 by early February before beginning to rebound. That could scare away some investors but — and it's a big but ...
Ex-NFL star Ricky Williams studies astrology – and it's telling him to invest in BitcoinCNBC
Uranus convinced Ricky Williams to invest in BitcoinFor The Win

all 7 news articles »

IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 10, 2018

Nothing much from the fundamental end other than this nice recovery in prices in most coins under our radar. Our focus today is Litecoin and how prices are bouncing off  previous support at $160. Because of clear rejection of lower lows, odds are Litecoin shall edge higher today. Let look at these charts: EOSUSD (EOS)

The post IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 10, 2018 appeared first on NewsBTC.

Nothing much from the fundamental end other than this nice recovery in prices in most coins under our radar. Our focus today is Litecoin and how prices are bouncing off  previous support at $160. Because of clear rejection of lower lows, odds are Litecoin shall edge higher today.

Let look at these charts:

EOSUSD (EOS)

If you were expecting moves, then it is disappointing especially if you are a trend trader. Like most of us I assume. The only wind fall is available for UK users who can now buy EOS from Cryptomate at these discounted prices.

Anyhow, from price charts EOS is down three percent in the last 24 hours. Furthermore, it is still trending within a consolidation with $18.55 pretty much fallow in the last two trading days or so. In our case, we are net bullish but we shall remain bound by yesterday’s trade plan and continue to stay neutral until we see a thrust beyond this key support line at $18.55.

LTCUSD (Litecoin)

Whether Litecoin Foundation’s marketing campaign would be successful or not, it’s irrefutable that retail adoption is the only hallway for success. This applies not only for Litecoin but for literally every cryptocurrency out there. So, if supporters want Litecoin to succeed then they should align themselves with Litecoin foundation’s call for merchants to accept Litecoin. On their part, buyers can begin searching for businesses who accept Litecoin as they help bid up Litecoin prices in the long run.

Price wise, I recommend buys since bulls are now beginning to align themselves with the overall bullish trend visible in the weekly chart. First, notice that there is a stochastic buy signal and a nice three bar reversal pattern, the morning star complete with a bullish pin bar below the lower BB.

All these means there is a shift of momentum happening right at the 61.8 percent Fibonacci retracement line anchoring on last week’s high low. As such, immediate targets lie at $180 or last week high. After wards, we can begin hunting for potential medium bull targets of $240 on every dip.

XLMUSD (Stellar Lumens)

It seems like yesterday’s news of KIK fork from the Stellar blockchain gave Stellar Lumens bulls incentive to load their longs. See, immediately after that announcement, we are seeing some sort of a knee jerk reaction and bounce off our lower limit at 36 cents.

Buoying this is news that a new centralized exchange, CoinBit Global shall be availing their customers with Stellar Lumens (XLM) coins for trade. As supply demand dynamics dictates, XLM is bound to rise due to demand especially if we see large volumes once they launch on May 11.

Technically, there is a realignment of price action and bulls are now in charge. Conservative traders might have to wait for a further confirmation and that will happen once prices punch through 40 cents or the middle BB in the 4HR chart. In that case, every buy will demand a safe stop at or around 35 cents on the lower end with buy targets at 70 cents.

TRXUSD (Tron)

At least we are seeing some checks and balances in Tron. As a directive coming from the co-founder, Justin Sun, Tron shall not accept projects without their standard minimum viable product. Of course, this is a good thing especially for investors who like to tug in without doing their own due diligence.

On the platform’s end, the number of exchanges bending their hand and supporting Tron’s mainnet launch and consequent coin is on the rise. Binance and South Korea’s Coin rail are some of them. We expect more to rally behind Tron as the big day nears.

Like the rest of the coins, I’m net bullish on Tron especially after yesterday’s double bottoms and confirmation right at the main support line. Further supporting our assertion and skew is that stochastic buy signal and bullish divergence pattern in the 4HR chart.

Because of this and the general upbeat feel in the weekly chart, it is likely that Tron shall reverse their recent losses as buyers bid to print new highs. As such, buying at current prices with stops below 8 cents seems to be a good strategy.

IOTUSD (IOTA)

Just to show you how in demand IOTA tokens are, IOTA valuation exceed Tron’s by more than $1 billion. Remember, this is just a few weeks after bouncing back to the top 10. From then, we have been seeing IOTA make some key fundamental announcement from both the technical and commercial fronts.

Undoubtedly, this is good for price and investors who can now buy from a variety of exchanges as Huobi but can store then at different wallets. As it is, IOTA is literally outperforming every other coin in the top 10 besides EOS. In the last seven days, IOTA is up seven percent but down five percent in the last 24 hours.

Technically, we remain neutral but with bullish inclinations. We expect to find support at $2. However, if IOTA buyers bid up prices and we see a surge past $2.3 or May 8, then buyers can step in and aim for $3 in the short term. Of course as we have reiterated countless times, $4.5 or IOTA’s ATHs are our ultimate bull targets.

The post IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 10, 2018 appeared first on NewsBTC.

Ethereum (ETHUSD) Technical Analysis: May 10, 2018

Like most coins in the top 10, Ethereum prices is making a recovery. It is up 12 percent in the last week and with this shift of sentiment from the SEC, it is likely that we might see higher highs in the coming sessions. Besides, Casper FFG is now live at GitHub for wider scrutiny

The post Ethereum (ETHUSD) Technical Analysis: May 10, 2018 appeared first on NewsBTC.

Like most coins in the top 10, Ethereum prices is making a recovery. It is up 12 percent in the last week and with this shift of sentiment from the SEC, it is likely that we might see higher highs in the coming sessions. Besides, Casper FFG is now live at GitHub for wider scrutiny meaning that there is a real push from behind the scenes to finally cement Ethereum as a go to platform for DApps and smart contracts.

From the News

Pound to pound, Ethereum performs better than Bitcoin. Yes, we can argue about the total network value where Bitcoin remains king while Ethereum crawls at its shadow. However, when we talk results and efficacy the later thrashes Bitcoin by far. In case you want to have a feel and gauge by yourself, combing through stats can be illuminating.

On a typical day, Ethereum processes more than 800,000 transactions while Bitcoin do a mere 275,000. Then again, there is smart contracts and DApp development within that space that gives Ethereum a edge over Bitcoin. This is the exact reason why Reddit co-founder is asking investors to look past Bitcoin and focus on Ethereum.

On the same vein of superiority and ease of development, Casper’s first release, Casper FFG, has been published on GitHub. This will allow auditors and doubters to have a wider look on this new protocol which Ethereum plans to adopt in the future.

Casper FFG will change the way consensus is done on Ethereum blockchain. Once it goes live, any fork will involve a PoW and PoS where the former will do the heavy lifting with PoS validating key points periodically.

Ethereum (ETHUSD) Technical Analysis

Weekly Chart

After Bitcoin Cash, Ethereum is follows in performance. To put it in perspective, it is up 12 percent in the last week outpacing Bitcoin 6X. Besides, in the daily chart, Ethereum prices were up three percent in the last 24 hours and we expect more to follow.

As we can see in the weekly chart, which by the way determines our general trend, there is this nice stochastic buy signal turning from deep the oversold territory. Well, the confirmation is nothing short of impressive. To put it in perspective, Ethereum was up 90 percent in that duration after that rebound off last year’s resistance lines now support at $350. Coincidentally, that is around the 78.6 percent Fibonacci retracement line meaning if we base our reversal basis purely on Fibonacci dicta, Ethereum is deeply oversold. That’s precisely what is happening.

Currently, what we have is a retest of previous support, now resistance, at around $800. That is the middle BB which is a very significant level in our analysis. Going forward, I shall be looking for buy opportunities in lower time frames.

4HR Chart

Ethereum (ETH) Technical Analysis

Ethereum 4HR Chart by Trading View

In the 4HR chart, Ethereum bulls are picking up at previous resistance levels now support at $700. Besides, even though it is not perfect, a stochastic buy signal is in progress and likely to print after this candlestick prints. Now, the reason why I shall be recommending longs is the sequence of events in the last 24 hours or so.

Notice those higher highs relative to the lower BB and bullish engulfing candlestick right from $700? That is significant since it is in line with the general feel in the weekly chart and the general rejection of lower lows just like on May 7.

Furthermore, this shift of momentum is happening right at the 61.8 percent Fibonacci retracement level anchoring on last week’s high low. Because of this, buying with stops just below $700 can be a good strategy going forward.

The post Ethereum (ETHUSD) Technical Analysis: May 10, 2018 appeared first on NewsBTC.

What Is Proxeus Cryptocurrency?

With the advent of blockchain technology, digital startups have started to create a network of value that provides customers with a unique method of transferring ownership and recording the settlement of real-world assets. Proxeus can be thought of as a new workflow engine and platform that can be used by tech-driven individuals to generate documents which can in turn be used to make new DApps using blockchain technology. This platform was the winner of the 2018 Swiss FinTech Early Stage Award. When using Proxeus, users will possess the ability to create new digital solutions by putting information into the network and

With the advent of blockchain technology, digital startups have started to create a network of value that provides customers with a unique method of transferring ownership and recording the settlement of real-world assets.

Proxeus can be thought of as a new workflow engine and platform that can be used by tech-driven individuals to generate documents which can in turn be used to make new DApps using blockchain technology.

This platform was the winner of the 2018 Swiss FinTech Early Stage Award. When using Proxeus, users will possess the ability to create new digital solutions by putting information into the network and building new workflows without having to spend time learning a brand-new programming language like Python or Rails.

The aim of this service is to help bring traditional companies and blockchain technology together. This is achieved primarily by rebuilding blockchain systems for traditional businesses so that they can be fully integrated into existing enterprises or layers of a program.

Lastly, this platform also serves as a proxy between the traditional business space and the crypto domain. Proxeus gives users of all knowledge levels the ability to create blockchain applications that are affordable and can be used in conjunction with existing enterprise systems.

Overview

  • Proxeus provides customers with a series of building blocks that can help organizations add extra value to their existing services.
  • The system focuses on creating digital documents that can be read by humans (PDF) as well as by machines (JSON).
  • Documents can be verified and notarized within the native blockchain. They can also be stored as encrypted files off-chain.
  • The service is presently compatible with the Ethereum and Hyperledger blockchains.
  • It has a highly simple user interface that can be used by novice as well as experienced blockchain operators.

Key Features

Proxeus’ unique work model combines three layers of services on top of the blockchain. They include:

  • Proxeus Core
  • Native operational modules
  • Third-party DApps

Key offerings of the Proxeus ecosystem

The DApps that can be created on the Proxeus core span a diverse range of use cases and can be implemented within niche areas such as:

  • Document certification and notarization
  • Tokenization
  • Reporting of blockchain events
  • Smart contract generation
  • Development of voting services

All of the aforementioned services can be used by network participants via either a web client or the company’s mobile application.

Visual representation of the core modules employed by Proxeus

For added context, Proxeus works in a way that is quite analogous to Outlook. For example, the platform deploys an SMTP layer on top of a TCP-IP protocol, thereby making interactions easier and more streamlined.

Other important advantages of Proxeus include:

  • The platform allows users to employ workflows, documents and IPs that have been produced by community members.
  • Customers have the option to store documents off-chain with storage providers that make use of the native XES token.
  • All stored documents are automatically notarized on the blockchain.
  • Users can build their own blockchain-based applications without needing to go through countless hours of coding.
  • Organizations using Proxeus don’t have to forgo the use of existing paper-based workflows.

How it works

Proxeus uses a foundational structure that incorporates the Ethereum blockchain. Ethereum currently offers blockchain enthusiasts with one of the most robust frameworks for constructing and developing novel decentralized applications. It also serves as an abstraction layer which is designed to deploy contracts on other blockchains as well — such as Hyperledger.

The structural outline of the ecosystem

The core components of this service are designed to allow for the quick creation of documents. Some of the primary functional modules of Proxeus include:

  • Form and document generator
  • Workflow builder and manager
  • Blockchain registry

Additionally, there are certain value-added services that users can deploy when making use of this platform. Those services relate to:

  • Data importation
  • External storage
  • Monitoring of blockchain events
  • Execution of smart contracts

Lastly, third-party users also have the freedom to build their own applications on this platform. Applications built on Proxeus can be monetized using payments in crypto or fiat currencies — depending on one’s particular needs.

About the team

Antoine Verdon is the co-founder and CEO of this venture. According to his LinkedIn profile, Antoine is also the founder of Sandbox, a global network of young entrepreneurs under 30. Additionally, he has been in the crypto domain for more than five years and was named one of the top 100 Swiss personalities by esteemed publications such as L’Hebdo and Bilan. Antoine holds a law degree from the Universities of Fribourg and St. Gallen.

Patrick Allemann is the CIO of this project. He has extensive knowledge of both data security and cryptography and has previously been associated with a host of ventures related to secure data storage.

Artan Veliju is Proxeus’ Chief Technical Officer. He has been in the blockchain domain for nearly a decade and has worked on technologies related to:

  • Merchant integration
  • Bitcoin ATMs
  • Blockchain-secured storage services
  • Mobile apps for the trading of tokenized assets

Lastly, Philippe Furter is the COO of this project. According to his professional bio, Philippe previously served as the CIO of an international shipping company where he helped digitize their business infrastructure.

Token Performance History

As mentioned earlier, all internal transactions taking place within the Proxeus ecosystem are governed by a native currency called XES.

XES token lifetime performance history (courtesy of CoinMarketCap)

Having been introduced to the market just over a week ago, XES tokens have remained quite stable in their value.

Initially sold at a rate of $0.25, the tokens are currently being traded at $0.177.

Final Thoughts

Proxeus delivers its customer base with an easy-to-use product that gives users the power to create blockchain applications that are affordable and compatible with current enterprise systems.

As a result of its unique technological offerings, it would not be surprising to see this service do well this year.

If you would like to invest in Proxeus, XES trading pairs are currently available on Qryptos, IDEX, and Radar Relay.

 

Survey: 30% Of Financial Executives To Commit Resources To Blockchain

A new survey on blockchain use by financial organizations shows that 30 percent of respondents “plan to commit resources to blockchain within the next year and a half”

A new survey on blockchain use by financial organizations shows that 30 percent of respondents “plan to commit resources to blockchain within the next year and a half”

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 09 – Cointelegraph

CointelegraphBitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 09CointelegraphThe cryptocurrency market capitalization has dipped following the criticism from the legendary investors Warren Buffett and …


Cointelegraph

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 09
Cointelegraph
The cryptocurrency market capitalization has dipped following the criticism from the legendary investors Warren Buffett and Charlie Munger. This time, even the founder of Microsoft, Bill Gates opined that he would short Bitcoin if he could. Contrary to ...

and more »

Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little SuccessJust recently the Bitcoin Gold (BTG) developers announced the project’s consensus algorithm Equihash was “threatened” in a blog post called “A Response to the ASIC Threat.” In the post, the BTG project’s team members explain that they might change the cryptocurrency’s current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. […]

The post Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success appeared first on Bitcoin News.

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success

Just recently the Bitcoin Gold (BTG) developers announced the project’s consensus algorithm Equihash was “threatened” in a blog post called “A Response to the ASIC Threat.” In the post, the BTG project’s team members explain that they might change the cryptocurrency’s current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. The firm Bitmain Technologies has once again produced a device that breaks the mold of digital currency networks that claim to be ‘ASIC resistant.’

Also read: Researchers Find Bitcoin Network 3X More ‘Evil’ Than the Public Internet

The Bitcoin Gold Project Aimed to be a ‘Better Bitcoin’ by Trying to Remain ‘ASIC Resistant,’ but the Idea Failed Miserably With the Launch of the Z9 Mini

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little SuccessLast year a project called Bitcoin Gold (BTG) forked the Bitcoin Core (BTC) protocol in hopes of creating a more fair and decentralized mining environment that would remain ‘ASIC resistant.’ The BTG project basically cloned the BTC codebase (Segwit included), and changed the consensus algorithm from SHA-256 to the Equihash algorithm, a popular mechanism used by the digital asset zcash and others. This week the Bitcoin Gold development team wrote a blog post that detailed a new Equihash mining rig that’s been released to the public “threatens” their dream of a “one CPU one vote” network. The mining rig manufacturer Bitmain has caused a stir throughout multiple cryptocurrency communities, by launching various miners this year that process algorithms most thought were ‘ASIC resistant.’ The latest Antminer Z9 mini was announced on May 3 and costs $1,999 USD per unit and the machine processes an Equihash hashrate of about 10k Sol/s ± 5%.

“We are pleased to announce the Antminer Z9 mini, an ASIC miner to mine Equihash-based cryptocurrencies — To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user,” explains Bitmain the day they launched the Z9 mini.

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success
The Antminer Z9 mini mines the Equihash algorithm and has caused trouble for the Bitcoin Gold (BTG) team. 

After Feeling ‘Threatened’ by the Z9 the BTG Development Team Plans to Modify or Change the Current BTG Equihash Algorithm

The announcement has shaken development teams who believed their blockchain consensus models would be free from these high-efficiency semiconductors. But now that Bitmain has released the Equihash mining Antminer Z9, the BTG project may attempt to modify or change its consensus algorithm.

“This week, we learned that the dominant specialty crypto mining hardware maker (Bitmain) has released an “ASIC” miner for Equihash, which means it would be able to mine BTG if we were to allow that to happen,” explains the BTG organization.

The Bitcoin Gold dev team is now working to fix this. We’ve been planning to do this for some time – either by modifying how the Equihash algorithm is implemented, or by changing to an entirely different algorithm. Perhaps we’ll do each, over time.

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success
Due to the launch of the Antminer Z9 mini the BTG team plans to change or modify its consensus algorithm.

Is ‘ASIC Resistance’ a Pipe Dream?

Bitcoin Gold isn’t the only project that attempted to create an ‘ASIC resistant’ cryptocurrency that failed to meet that goal. The Litecoin (LTC) network utilizes a different hashing algorithm called scrypt, and when the project first launched everyone thought it would never see ASIC miners processing the LTC’s blocks. However, the once claimed ‘ASIC resistant’ Litecoin scrypt algorithm turned out to be minable by application-specific semiconductors and at the time when this was discovered in 2013 it was quite controversial.

Last month Bitmain released its Antminer E3 that processes the Ethhash (an ethereum, ETH) hashing algorithm. The launch of this device sparked a discussion between Ethereum users who wanted to become ASIC resistant quickly. One Ethereum proponent writes “a regularly scheduled PoW change, like Monero” is needed. The Monero (XMR) development team ran into the same situation as a Bitmain produced mining rig was launched before the E3, that mined cryptocurrencies that utilized the cryptonight algorithm.

As far as different types of Proof-of-Work algorithms there hasn’t really been a cryptocurrency yet that has maintained full ASIC resistance. Most people believe the goal to produce an ASIC resistant PoW is a mythical pipe dream as there are warehouses full of ASIC machines that mine these digital currencies that once claimed to be immune from ASICs.

What do you think about the goal to create an ASIC resistant PoW cryptocurrency? Is this goal attainable without going full PoS? Let us know what you think about this project in the comments below.


Images via Pixabay, Shutterstock, Bitcoin Gold blog, and Bitmain Technologies. 


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Texas Serves Bitcoin Investment Company with Cease and Desist Order

Deceptive and misleading advertisements targeting Texans – including those which falsely assured them that investing in Bitcoin was risk-free – were among the offenses cited by the Texas State Securities Board in its emergency cease and desist order against a Bitcoin investment company. The company, Forex EA & Bitcoin Investment LLC, was also accused of failing to disclose the identity of the principals behind it as well as concealing some pertinent facts regarding the buying and selling of digital currencies. Unregistered Sale Of Securities The company, along with its representatives, James Butcher and Richard Dunn, were accused of claiming that an investment in their

Deceptive and misleading advertisements targeting Texans – including those which falsely assured them that investing in Bitcoin was risk-free – were among the offenses cited by the Texas State Securities Board in its emergency cease and desist order against a Bitcoin investment company. The company, Forex EA & Bitcoin Investment LLC, was also accused of failing to disclose the identity of the principals behind it as well as concealing some pertinent facts regarding the buying and selling of digital currencies.

Unregistered Sale Of Securities

The company, along with its representatives, James Butcher and Richard Dunn, were accused of claiming that an investment in their company’s Bitcoin Trading Program involved no risks and that the returns were 100% assured with no possible way they could lose money. The company also allegedly told investors that there was an account with a balance of $500,000, and that any money lost would be refunded from that account, further strengthening the case for ‘risk-free’. All this was promised to only take 21 days, with the promise that invested funds would be refunded if no profit was realized within that period.

The order further alleges that the respondents were offering securities for sale at a time when the securities were not registered with the Securities Commissioner, a violation of Section 7 of the Securities Act. In addition, they were violating Section 12 by offering securities without being registered.

Respondent Forex EA & Bitcoin is violating Section 12 of the Securities Act by offering securities for sale in Texas without being registered pursuant to the provisions of Section 12 of the Securities Act. Respondent Butcher and Respondent Dunn are violating Section 12 of the Securities Act by offering securities for sale in Texas as agents of Respondent Forex EA and Bitcoin without being registered as agents of Respondent Forex EA and Bitcoin pursuant to the provisions of section 12 of the Securities Act.

Lack Of Transparency

The board also alleged that the team had effectively denied their investors a deeper look into their financial state. No information had been forthcoming about the account that was to guarantee the investment and cushion against losses. Its financial position, including the state of the assets and their liquidity, had also been kept from the investors. Furthermore, the company had not disclosed any other financial position which may have had a bearing on its ability to meet its promises.

The company has been ordered to cease and desist from offering any securities effective May 8 until the security is registered with the Securities Commissioner.

It is further ORDERED that Respondents immediately CEASE AND DESIST from offering securities in Texas through an offer containing a statement that is materially misleading or otherwise likely to deceive the public.