Mastodon

Blockchain Banking Startup Bankera Announces BNK Token Listing on HitBTC

Satoshi Nakamoto’s Bitcoin and the resultant explosion of cryptocurrencies has shaken the very foundations of traditional banking and financial services globally. Some countries have embraced the dawn of digital money, while some have outright banned them. Disclosure: This is a Sponsored Article The reason lies in the fact that cryptocurrencies bypass the expensive and time […]

Satoshi Nakamoto’s Bitcoin and the resultant explosion of cryptocurrencies has shaken the very foundations of traditional banking and financial services globally. Some countries have embraced the dawn of digital money, while some have outright banned them.

Disclosure: This is a Sponsored Article

The reason lies in the fact that cryptocurrencies bypass the expensive and time consuming traditional money channels. Their adoption is seen as disruptive practice. Unless banks and other financial institutions embrace the technology, their mass adoption as money is not possible.

Bankera: Bringing Blockchain To Banking

Bankera is a Caribbean based blockchain startup that understood the tussle between traditional finance world and the cutting edge blockchain one. They knew that blockchain technology is here to stay, and that the banking sector’s centuries of establishment means they will not erode quickly either.

The solution to this standoff, according to them, is simple: Merge the two rivals.

The result is Bankera, a digital blockchain based bank. The decentralized bank is actually a fork of SpectraCoin, itself a blockchain based digital financial service that has over 5 years’ existence in the industry and well over 860,000 active customers. The fork was deemed necessary by the Bankera team since SpectraCoin is primarily designed to be a payment solutions provider. With Bankera’s fork, it brings in sorely-missing banking solutions for the masses.

BNK’s HitBTC listing

Bankera has listed its token on the popular crypto exchange HitBTC. The BNK will be initially available for trade in three pairs, BNK/BTC, BNK/ETH and BNK/USDT.

The BNK is already a very sought after token, evident from the fact that during its distribution event, more than a 100,000 investors funded it. With the listing on HitBTC, other investors who missed the chance will have another one to trade the BNK token.

Bankera Offerings

The decentralized bank offers a range of services, including:

  • E-wallet: A gateway to different blockchains, customers will be able to use an inter-chain technology, allowing off-chain and cross-chain transactions. This means that a BNK token holder can pay and receive funds to other compatible chains in an easy and cheap way. The wallet is available in iOS, Android and Windows Phone platforms.
  • Debit Card: Bankera Cards will allow account and wallet holders to spend their funds anywhere in the world where traditional credit and debit cards are accepted. The cards will be available in regular plastic variety, or digital ones.
  • Payment Processing: Bankera acts as a complete payment processor that will allow businesses to accept online and digital payments, without the need to delve in to the complexities involved. Integrations in businesses include e-commerce plugins to APIs.
  • Exchange: Set to launch in the coming months, the digital exchange of Bankera will offer a multitude of tokens and digital assets for trading, such as BTC, ETH, NEM, ERC20 and NEM Mosaic tokens. Trade pairings with their native BNK token will be free.

For more information on the blockchain banking channel, visit their website: https://bankera.com/

Implications of Governmental Adoption of Cryptocurrency

A year ago, it would have been difficult to believe that major governments throughout the world would delve into the world of cryptocurrency. However, with last summer’s price explosion, nations worldwide have begun to approach cryptocurrency from a number of angles. While cryptocurrency was first conceived as a tool to arm citizens against financial institutions […]

A year ago, it would have been difficult to believe that major governments throughout the world would delve into the world of cryptocurrency. However, with last summer’s price explosion, nations worldwide have begun to approach cryptocurrency from a number of angles. While cryptocurrency was first conceived as a tool to arm citizens against financial institutions and governments, the space has evolved into one that has caught the curiosity and desires of select nations throughout the world.

Isle of Man, the tiny British Crown dependency situated between England and Ireland, was perhaps the first nation to embrace cryptocurrency. Its welcoming approach to crypto dates back to 2014, and represents perhaps the first location in the world to have enabled individuals to carry out their daily duties fiat-free, as a number of businesses across the island welcomed the use of Bitcoin. However, with last year’s explosion, the small island saw itself overshadowed by much larger counterparts.

The Race to Become a Blockchain Hub

Now, countries worldwide, led by Malta, France, and Switzerland, are vying to become global hubs for blockchain tech and cryptocurrency. All three have taken measures to cut cryptocurrency tax rates and create favorable regulatory environments for prospective businesses to move operations within their borders.

Malta seems to be leading the way, as it has won arguably the top business within the cryptocurrency space, Binance. The year-old startup, which eclipsed a valuation of US$1 billion in mere months, is in the process of moving its headquarters from Hong Kong to the gaming capital of the world. This move is poised to generate an immediate double-digit increase in the GDP of the Mediterranean island, and the long-term effects could be far greater.

Switzerland’s approach is also promising, as it’s already seen hundreds of cryptocurrency businesses flock to an area they are calling “Crypto Valley”. Banking constitutes a massive portion of the Swiss economy, and, as the banking sector is becoming increasingly threatened, the European nation is seeking to reinforce its economy with massive crypto activity. As a country that already operates largely as a cashless society, a future transition to cryptocurrency should be relatively seamless.

Compared to the other two, France still has progress to make. Recently, the nation slashed cryptocurrency tax rates by almost 60%. Additionally, the head of France’s ministry of finance declared “full and resolute” support for cryptocurrency. The French Tech Ticket, a funding grant and incubation system for tech startups, recently named its 70 recipients, many of which were blockchain-centric startups. By incubating promising initiatives, France is trying to build its cryptocurrency sector from the ground up.

Other initiatives

Venezuela’s Petro is perhaps the most interesting approach taken by a government thus far. The state-owned cryptocurrency, which held a sale for private investors last quarter, is an oil-backed stablecoin, with each Petro representing one barrel of oil. Petro is meant to allow Venezuela to bypass US sanctions in order to trade its oil with other nations and private firms through the exchange of Petro. Internally, it provides a medium of exchange for citizens that is not subject to Venezuela’s disastrous hyperinflation. However, Venezuela (at least openly) has not yet begun exchanging Petro with other entities.

There are a number of applications and components of cryptocurrency that enable activities not previously possible. It will be interesting to see whether cryptocurrency plays a symbiotic or adversarial role vis-à-vis governmental bodies worldwide.

Top Trader Tip: “I trust trading cryptocurrencies on eToro”

An interview with Popular Investor Jay Edward Smith (jaynemesis) Jay Edward Smith has been trading since he was old enough to save up his own funds; his interest in finance and economics began during his teenage years. Jay joined eToro four years ago, growing his reputation as a leading authority on cryptocurrencies. “They’re very volatile,

The post Top Trader Tip: “I trust trading cryptocurrencies on eToro” appeared first on NewsBTC.

An interview with Popular Investor Jay Edward Smith (jaynemesis)

Jay Edward Smith has been trading since he was old enough to save up his own funds; his interest in finance and economics began during his teenage years. Jay joined eToro four years ago, growing his reputation as a leading authority on cryptocurrencies. “They’re very volatile, with far fewer traditional investors in the space,” says Jay of his favourite trading asset. “Even if [cryptocurrency] does dip in the short term, it just turns into a long-term position.”

Having been an investor for over 9 years, what made you choose eToro as your platform for trading?

In 2012, I heard about Bitcoin; after studying it for a couple of weeks, I was hooked. By mid-2013, I had become obsessive about the potential future of the technology and was investing most of my savings in crypto. eToro was a trustworthy place where I could trade it alongside more traditional instruments, plus the social features were also really appealing to me.

What are the advantages of social trading?

Social trading is an amazing movement in finance that empowers those who would normally feel unable to benefit from the movements of global markets to be put on a level playing field.

The community on eToro is fantastic, in fact, I chat with my copiers every day. The other thing which simply cannot be ignored is the potential income as a Popular Investor. When I first joined the program, I never expected to earn more than maybe $500 a month, as a bonus to my own trading income. Instead, it was enough to allow me to leave my job to trade full-time.

What were some of the mistakes that you made as a new trader on eToro?

When my copier numbers first began increasing, I became quite nervous and concerned about ensuring I make them money as quickly as possible. As a result, my trading became sloppy. Eventually, I realised that the best way to look after their money responsibly is to trade exactly as I always have — treat it like it’s all my own money. If I was placing $1,000,000 on this trade instead of $2,000, would I still do it? The answer now is always yes.

What advice would you give to new eToro users?

Even if you plan to trade short term, consider if the investment might be worth holding long term when the trade is not going your way. Buy the dip, almost always. There are so many quotes from top investors which effectively say the same thing. “When there is blood on the streets, buy.” “Buy into fear, sell into greed.” “When others are fearful, be brave, when others are brave be fearful.” You get the idea. And don’t use leverage unless you are extremely confident.

What is your take on cryptocurrencies?

Overall, I believe cryptocurrencies are an invention that could be considered bigger than anything before them, including the Internet. I would urge any investors to assign at least 1% of their portfolios to cryptocurrencies and to spend some time researching the basics, so that they are well-positioned to understand the future debates which will undoubtedly come.

Cryptocurrencies trade very differently to stocks. Generally, I find that, unless I am in profit, I try to set some of my stop-losses as low as possible to avoid accidentally selling during flash-crashes. I combine this with some tight SL’s and some loose SL’s. This spreads the risk and means that even with slippage, most will either close in a profit or not close at all.

Realistically, I believe my trading style is exposed to higher drawdown than many traders, but usually it does not last too long. I am very confident in the technology behind the cryptocurrencies I trade, so I don’t worry about these things too much. I also trade almost exclusively in cryptos that I would be happy to hold for a year or more, which gives me the ability to sit on it if the trade goes against me in a long position.

How do you think the long-term future for cryptos will pan out?

I believe that many of the current top ten cryptos will still be here in ten years, but there is certainly a dotcom style bubble pop coming. Many of the recent ICO’s have abused the lack of regulations as a way of fooling investors into backing products which may never be built and almost certainly won’t deliver on their promises. That being said, there will be hundreds of projects that thrive, evolve and mature as crypto-platforms, such as Ethereum. Finally, I believe technologies such as atom swaps and “hyperledgers” will allow cryptos to become more connected than ever before. It will feel more and more like 1 or 2 big networks than the fragmented situation we see today. In terms of value, I expect the cryptocurrency ecosystem will command a market cap of well over a trillion in ten years from now.

Jay’s eToro Profile

The views expressed in this post represent the interviewee’s personal views and not those of author or the publisher. Past performance is not an indication of future results. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Some assets on eToro can be traded as CFDs. Your capital is at risk.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

The post Top Trader Tip: “I trust trading cryptocurrencies on eToro” appeared first on NewsBTC.

Top Trader Tip: “Anyone Could Do This”

An interview with Popular Investor Lena Birse (Onegirl) Lena Birse began trading on eToro just over three years ago, and at the time, had no prior expertise in finance. “My main profession is being a housewife,” she says. Yet, Lena found similarities between investing and her experience in managing a household, and she encourages others

The post Top Trader Tip: “Anyone Could Do This” appeared first on NewsBTC.

An interview with Popular Investor Lena Birse (Onegirl)

Lena Birse began trading on eToro just over three years ago, and at the time, had no prior expertise in finance. “My main profession is being a housewife,” she says. Yet, Lena found similarities between investing and her experience in managing a household, and she encourages others to give it a go as well. “If you’re used to managing a budget at home, you can just as easily manage a portfolio.”

Which eToro tool do you consider the most important to your trading, and why?

The use of CFDs for buying stocks. I love the way you can buy “bite-sized” pieces of any stock. This is important as it allows me to trade with immense flexibility within my budget. This, in turn, is excellent for copiers, giving them access to this incredible market with a relatively small investment. In the past, if you wanted a portfolio of stocks like mine, you would need an account worth millions (or at least a million dollars).

Tell us about your best trade.

My best trades are ones that I have held for the long term. I am pleased to say I was an early Facebook buyer — I bought right at the first dip, probably the only time I have truly caught the very bottom of a share price.

What were some mistakes that you made as a new trader?

Using leverage, trying to time the market (speculation), and trading in assets I did not fully understand. All of which I will never do again!

What lessons from other areas of your life have you been able to apply to your trading?

In trading, as in life, always learn from your mistakes. And as Warren Buffet says, “Even better, learn from the mistakes of others.”

What do you feel sets the great traders apart from the rest?

Two things, really. Great instincts for picking stocks, and having the right temperament for trading — in other words, being patient and not panicking, even when all hell breaks loose!

What is your personal motto?

Be honest, brave, and kind.

What would you like your “legacy” as a trader to be?

That I made fantastic returns with minimum stress for my copiers.

Lena’s eToro Profile

The views expressed in this post represent the interviewee’s personal views and not those of the author or the publisher. Past performance is not an indication of future results. CFD trading. Your capital is at risk.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro

The post Top Trader Tip: “Anyone Could Do This” appeared first on NewsBTC.

Hada DBank Announces Successful Listing on Digi Peso Exchange

Islamic banking is a trillion dollar industry worldwide particularly popular in the Middle East and North African regions. Based on lower interest rates and increased investment-based culture, it is becoming popular for religious and political reasons among the communities in these countries. Disclosure: This is a Sponsored Article But, the problem with the current banks […]

Islamic banking is a trillion dollar industry worldwide particularly popular in the Middle East and North African regions. Based on lower interest rates and increased investment-based culture, it is becoming popular for religious and political reasons among the communities in these countries.

Disclosure: This is a Sponsored Article

But, the problem with the current banks is that they are still overall based in an interest-based economy. Hada DBank is the first global Islamic bank based on Blockchain Technology. Using transparency and Blockchain’s decentralization capability, the bank aims to increase investment opportunities and offer the Islamic banking demographic a viable alternative.

For this purpose, Hada DBank has launched its native token that was undergoing a token event whose stage 1 lasted till May 31, 2018. Now that the token event’s first main stage is over, Hada DBank is acting quickly to get the native token registered in a crypto exchange so that the buyers can start trading in them and thus lending legitimacy to the coin. Hada DBank has now announced that DigiPeso, a popular cryptocurrency exchange has approached the bank to get its coin listed on their exchange.

Digi Peso-Hada DBank Partnership

As an exchange, DigiPerso is one of the most innovative exchanges in the world that provides a range of crypto features including mobile apps, wallets and liquidity solutions. Apart from being an exchange, Digi Peso also provides custom technology development and other professional services for other crypto startups especially those looking to enter the fintech space.

Danny Wirkin, the spokesperson for DigiPeso said regarding the partnership:

“We are extremely particular about working with crypto coins. Only those that hold the potential to grow and sustain in today’s marketplace will be of interest and listed on our exchange. We found all such prospects with the new HADA Coin and we didn’t delay to approach Hada DBank with the proposal to list the new coin on our exchange. We are confident HADA Coin is soon to be a favourite of smart crypto traders on our exchange”,

While Hisyam Mokhtar, CEO and Chairman of Hada DBank said regarding the partnership:

“It’s a very proud moment for us to share that the DigiPeso wished to list us on its exchange and we didn’t hesitate to accept the proposal. Both of us share the same vision for blockchain technology and are confident of its bright future in the next few years. We are glad that the cryptocurrency exchange showed faith in us and believed in our coin’s trading potential”,

The coin is already listed on F1 Cryptos exchange so this is the second cryptocurrency exchange that has announced successful listing of the token.

HADA Coin

The HADA coin will be used for a number of useful functions within the Hada Ecosystem. They include provision of financial services, receiving dividends and profits from investments, payment of local services and trading.

More than 2.5 million tokens were claimed by backers in the first round of the coin event following 3 million tokens sold in pre-sale including significant investments from other fintech businesses. Stage 2 will be announced shortly.

Learn more on the Hada DBank website https://www.hada-dbank.com/

Top Trader Tip: “Start for Free With a Demo Account”

An interview with Popular Investor Wayne Ryan (goodgoing) “I think my initial investment on eToro was probably around $1000,” says Wayne Ryan, reminiscing on his humble start just over three years ago. Today, Wayne is one of the platform’s top-performing traders, with a strong following of over 27,000 users. Which eToro tool do you consider

The post Top Trader Tip: “Start for Free With a Demo Account” appeared first on NewsBTC.

An interview with Popular Investor Wayne Ryan (goodgoing)

“I think my initial investment on eToro was probably around $1000,” says Wayne Ryan, reminiscing on his humble start just over three years ago. Today, Wayne is one of the platform’s top-performing traders, with a strong following of over 27,000 users.

Which eToro tool do you consider the most important to your trading, and why?

The eToro mobile app. It’s crucial for trading when you are on the move. Having non-stop access to the markets, day or night, cannot be understated. The mobile app allows me to see charts in real time and set alerts to notify me if I am near key levels of support and resistance.

Tell us about your best trade.

I don’t really have a best trade. However, I do have a specific day when I had several great trades that were set in motion leading into the UK referendum. I traded for 24 hours straight, without sleep, during the 16th and 17th of June, 2016. Perhaps fifty or so successful trades were made before, during and after the immediate vote. All trades were selling the Cable.

What was a mistake that you made as a new trader?

Allowing emotions to influence my trading. With time and experience, I have been able to disconnect my emotions from all my trades.

Which lessons from other areas of your life have you been able to apply to your trading?

I have a Bachelor of Science degree in Business Studies. A large part of my studies was learning financial management and accountancy. These skills have been essential in maintaining a low-risk approach to trading, and for clever money management — not just for my own account, but now for my many copiers too. Marketing has also played a key role in helping me to promote myself on the platform, and to communicate effectively with both followers and copiers alike.

What do you feel sets the great traders apart from the rest?

Obviously, great traders require the skill set to perform well, whether that’s specific to a particular instrument, or as a general approach. To be a great trader requires a steadfast confidence in your ability and in the techniques you use.

What is your personal motto?

Trust in the best.

What would you like your “legacy” as a trader to be?

My ultimate goal has always been to be one of the leading Elite Popular Investors here on the eToro network, and to be remembered as a truly great Forex trader.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

 

The post Top Trader Tip: “Start for Free With a Demo Account” appeared first on NewsBTC.

Top Trader Tip: “Share Information and Learn From Others”

An interview with Popular Investor Wesley Warren Nolte (Wesl3y) “I’m able to absorb information and make decisions based on many sources of information very quickly,” says Wesley Warren Nolte about his trading abilities. “The [eToro] platform is open, so you have a place where people can share information.” This kind of collaboration, unique to our

The post Top Trader Tip: “Share Information and Learn From Others” appeared first on NewsBTC.

An interview with Popular Investor Wesley Warren Nolte (Wesl3y)

“I’m able to absorb information and make decisions based on many sources of information very quickly,” says Wesley Warren Nolte about his trading abilities. “The [eToro] platform is open, so you have a place where people can share information.” This kind of collaboration, unique to our social trading community, is one of the many reasons why Wesley prefers eToro.

 

After being an investor for over 15 years, what made you choose eToro as your platform for trading?

At first, I was curious about how a social network built around trading might work. Then I was hooked by the amazing UI, the amount of information I could get from others on eToro, and the CopyTrader mechanism.

What are the advantages of social trading?

The eToro community is great, and I engage with my copiers quite a lot. When I post a piece of information about something I’ve found useful, there is almost always an interesting conversation that follows. Quite often, I’ll learn a bit more about that topic. Learning is a never-ending process, and I feel that being part of an intelligent community accelerates that process.

What were some mistakes that you made as a new trader on eToro?

I got burnt badly by not doing my research on those that I copied, I used leverage too heavily, and I was impatient.

What advice would you give to new eToro users?

Be patient; the markets go down as well as up, so expect to be in the red sometimes. Find great traders, and try to learn from them by copying their trades.

What is your take on cryptocurrencies?

They will change the world in so many ways. These are global currencies no longer “owned” by any country, which could have huge implications for politics and the way our world works. Eventually, some crypto-based marketplaces will allow people to trade anything for anything else, with almost no cost to either party. Imagine selling your old iPhone for 2.5 months’ worth of electricity, or your old furniture for a partial investment in a new building development… It’s mind-bending, but very cool.

How do you think the long-term future for cryptos will pan out?

I believe we’re approaching something like the dotcom crash, and from that will emerge a few winners who will dominate the market. A crash needs to happen for the market to stay healthy. After that, we’ll see the steady rise of cryptos as part of everyday society.

Wesley’s eToro Profile

The views expressed in this post represent the interviewee’s personal views and not those of the author or publisher. Past performance is not an indication of future results. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. CFD trading. Your capital is at risk.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

The post Top Trader Tip: “Share Information and Learn From Others” appeared first on NewsBTC.

Biggest question for bitcoin investors isn’t bubble, but which of two ways to buy it – CNBC


CNBC

Biggest question for bitcoin investors isn’t bubble, but which of two ways to buy it
CNBC
Not many experts would recommend packing investment accounts like 401(k) retirement plans with bitcoin. The digital currency is just too volatile. But there’s nothing wrong with setting a little aside — money you can afford to lose — for wild bets
Bitcoin tumbles to 2-month low in wake of futures probeFinancial Times
Bitcoin (BTC) Price Technical Analysis (June 11, 2018)newsBTC
US CFTC Suspects Bitcoin Futures Price Manipulation, Subpoenas …Finance Magnates
MarketWatch –Bitcoinist –CCN –Wall Street Journal
all 54 news articles »

CNBC

Biggest question for bitcoin investors isn't bubble, but which of two ways to buy it
CNBC
Not many experts would recommend packing investment accounts like 401(k) retirement plans with bitcoin. The digital currency is just too volatile. But there's nothing wrong with setting a little aside — money you can afford to lose — for wild bets
Bitcoin tumbles to 2-month low in wake of futures probeFinancial Times
Bitcoin (BTC) Price Technical Analysis (June 11, 2018)newsBTC
US CFTC Suspects Bitcoin Futures Price Manipulation, Subpoenas …Finance Magnates
MarketWatch –Bitcoinist –CCN –Wall Street Journal
all 54 news articles »

Who are the Crypto Investors?

Investment in cryptocurrencies has grown exponentially over the past few years. eToro takes a look at the people behind these figures to see who is investing in these online currencies. Looking at data from March 2017 – February 2018, we analysed the profiles of those investing in cryptocurrencies, from age to gender to job sector. This

The post Who are the Crypto Investors? appeared first on NewsBTC.

Investment in cryptocurrencies has grown exponentially over the past few years. eToro takes a look at the people behind these figures to see who is investing in these online currencies.

Looking at data from March 2017 – February 2018, we analysed the profiles of those investing in cryptocurrencies, from age to gender to job sector. This brought up some interesting results such as that most investors have little to no previous experience and many are students or working in sales/marketing roles.

Find out more about who the crypto investors are below:

etoro

 

*Cryptocurrencies are a highly volatile investment product. Your capital is at risk.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

The post Who are the Crypto Investors? appeared first on NewsBTC.

Why Bitcoin, Cryptos Are Not Safety Nets – Forbes


Forbes

Why Bitcoin, Cryptos Are Not Safety Nets
Forbes
In a financial crisis, one theory goes, Bitcoin and other cryptocurrencies will be worth owning because they aren’t tied into the stock, bond or real estate markets. While there may be some truth to this belief, in reality it may not hold water. In a


Forbes

Why Bitcoin, Cryptos Are Not Safety Nets
Forbes
In a financial crisis, one theory goes, Bitcoin and other cryptocurrencies will be worth owning because they aren't tied into the stock, bond or real estate markets. While there may be some truth to this belief, in reality it may not hold water. In a ...

The 2018 Year of Cryptocurrency Challenge – Week 21

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. Two weeks ago was my twentieth installment of the challenge. Between then and now, there has been a ton of time […]

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. Two weeks ago was my twentieth installment of the challenge. Between then and now, there has been a ton of time to talk to people, learn, and use my cryptocurrency, all the while The Merkle has rebranded to NullTX. Let’s dive in!

A friend of mine recently moved out to the suburbs (I’m situated in the city), and I went out there to hang out with him for a bit. Between whiskey and conversation, I lost track of time. Sadly, the last train back to the city had already gone, and I didn’t want to impose on my friend. I was surprised to find out that Lyft actually would make the trip, and not for a wholly unreasonable amount. Those who have read my cryptocurrency challenge posts before know exactly where this is going.

Once my driver picked me up, we began talking about freelancing, side gigs, and making ends meet. I naturally mentioned that I write and edit for you, dear readers. He was intrigued by the idea of cryptocurrency news sites – that an entire media industry had sprung up around the nascent technology. We began discussing the merits of cryptocurrency in general, and then the (dis)advantages of certain coins compared to others. He seemed really interested by the idea of Litecoin, specifically that someone could just take the codebase of an existing cryptocurrency, adapt it to fit their needs, and publish that for the world to use. I was surprised that he had heard about the varying fees that cryptos have, and that he was able to accurately note that Litecoin was cheaper to transact with than Bitcoin.

While I wasn’t able to tip him with any Litecoin for the ride and conversation (he didn’t have the wallet downloaded), I left our discussion thinking that he was genuinely interested in looking into this further. I told him to read the Satoshi whitepaper and really learn how it all works before getting too deep into it.

I was, however, able to donate to one of my friends who streams with some Litecoin. He recently began accepting crypto on his Twitch stream (though, to my chagrin, not Dogecoin), and I wanted to show him some support. You may soon be reading an interview with him exploring why he – and other streamers like him – are beginning to favor cryptocurrency for donations instead of other methods like PayPal or Venmo.

These past few weeks have also taught me that, even with cryptocurrency’s low(er) volatility lately, there is still a lot of interest in it. This is a good thing. I’ve often said that we need to look past the spectacle of momentous price swings, and really teach the utility of blockchain technology and cryptocurrency. Once we move past speculation alone and into genuine understanding, the sensationalist headlines will calm down a bit. I believe that, more than anything else, will make the case for a more valuable coin, which is good for us all.

*

Are you also doing the cryptocurrency challenge? How is it going for you? Do you talk at length to your cab, Uber, or Lyft drivers like I do? Let us know in the comments or on Twitter!

What Would Happen to Crypto In a Global Market Meltdown?

CoinDesk advisory board director Michael Casey takes a look at the state of investor psychology as it relates to the crypto markets today.

CoinDesk advisory board director Michael Casey takes a look at the state of investor psychology as it relates to the crypto markets today.

Ark Unveils Plans for Their New Core v2 Client That Includes Devnet Release Date

ARK, a platform that enables interoperability between separate blockchains, is a highly anticipated project that recently decided to renovate itself from the ground up. In fact, the team behind the project has been in the process of building an entirely new client for the ARK platform since the Fall of 2017. Disclosure: This is a […]

ARK, a platform that enables interoperability between separate blockchains, is a highly anticipated project that recently decided to renovate itself from the ground up. In fact, the team behind the project has been in the process of building an entirely new client for the ARK platform since the Fall of 2017.

Disclosure: This is a Sponsored Article

The new client has been dubbed ARK Core v2 and was intended to replace the old model as it was deemed too inefficient of a design to achieve the project’s vision. Hence, it moved on to a new API that used less bandwidth to achieve the same objective — making it more economical.

Core v2 Hits Key Milestone

After months of developing this new and improved version client, ARK is close to releasing an alpha version, for testing purposes only, on Devnet. For many supporters of this project, this moment represents a huge step towards commercial acceptance.

With the devnet release comes the public availability of Core v2’s code, making it possible for anyone interested to contribute to it for the first time. Another significant event that keeps the ball rolling, so to speak.

Cofounder of ARK, Travis Walker, commented on the milestone by summarizing the outcomes the team hopes to achieve with this new client version:

“We have completely rewritten our core to make it faster, more scalable, more modular, easier to work with and some great new features. Such as Dynamic Fees and Multisig support. This rewrite has been months in the making and we are very proud to show the world what the next level of DPoS can do!”

Ark Provides a Mini-roadmap of Sorts

In an uncharacteristic move, known for the motto “ARK Gives No Dates,” the team has announced a specific date and time for the Devnet release — Thursday, the 14th of June 2018.

The reason given for this atypical move by them was to minimize coordination problems among potential devnet nodes. Also to help people plan for the Devnet release and other future events, ARK has written a short-term roadmap for the upcoming few months.

In it, they outline 4 stages the platform will go through in the subsequent months — starting with the release of Core v2 codebase. After they release the client’s codebase, then the network must make the necessary preparations to replace the old client with the newer one.

Once the testing stage is over on Devnet, then the client will begin its transition from an alpha-like,trial-run existence to the Mainnet where the full client will go live for people to use.

Finally, once the Core v2 client is on Mainnet the ARK team will attempt to push a hardfork through, AIP-11, which will require all delegates to update in order for the network to switch and support the new transaction.

Former FDIC Chair Warns US Federal Reserve It Needs Own Cryptocurrency

Sheila Bair, former chair of the US Federal Deposit Insurance Corporation (FDIC), has suggested that the Federal Reserve Bank should seriously consider the prospects of a central bank issued digital currency (CBDC), reports Yahoo Finance. The concept of a cryptocurrency called FedCoin has provoked interest over past years, based on an idea proposed in 2014 …

The post Former FDIC Chair Warns US Federal Reserve It Needs Own Cryptocurrency appeared first on BitcoinNews.com.

Sheila Bair, former chair of the US Federal Deposit Insurance Corporation (FDIC), has suggested that the Federal Reserve Bank should seriously consider the prospects of a central bank issued digital currency (CBDC), reports Yahoo Finance.

The concept of a cryptocurrency called FedCoin has provoked interest over past years, based on an idea proposed in 2014 by blogger JP Koning. Since then, the idea has been much discussed and the term is now generically used to describe a CBDC which could be overseen by the Federal Reserve, IMF, and the World Bank.

Currently, the US government can stimulate and slow economic activity in periods of recession and boom. A CBDC, in theory, would not have the same kind of culpability to large fluctuations in value given proper oversight and management by a centralized authority, suggests Coindesk.

Bair has her warnings regarding the Feds status quo regarding its crypto machinations, suggesting, “If it does not stay ahead of this technology, not only could banking be disrupted — but the Fed itself could also be at risk.”

Bair points out that centralized digital currencies would be “much more effective tools for conducting monetary policy to address economic cycle”, but does warn that credit availability issues do mean that consumers holding all of their funds in CBDCs could cause credit deficits without ensuring banks could remain competitive with Fedcoin. This would require careful Fed legislation.

Bair’s comments on the viability of CBDCs by the central bank are timely as government officials around the world are considering the merits of cryptocurrencies like Bitcoin in structure, but state-controlled in vision.

Major central banks now experimenting with digital currencies and blockchain are growing, including The Bank of England, the Banque de France, the People’s Bank of China, the Bank of Canada, the Central Bank of Russia and the Dutch Central Bank.

This is not the first call for a Fed digital currency. Kevin Warsh, former Federal Reserve governor, suggested earlier this year that the creation of a “FedCoin” needed “serious consideration”, as reported in the New York Times.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post Former FDIC Chair Warns US Federal Reserve It Needs Own Cryptocurrency appeared first on BitcoinNews.com.

Swiss City Plans Blockchain Voting Pilot Using Ethereum-Based IDs

The Swiss City of Zug is launching a pilot that will allow residents to vote electronically, with both polling system and IDs based on blockchain.

The Swiss City of Zug is launching a pilot that will allow residents to vote electronically, with both polling system and IDs based on blockchain.