Day: June 22, 2018

Nebulas represents a value-ranking, self-evolving and user-incentivising public blockchain ecosystem, which aims to offer its users next-generation incentive and consensus systems, alongside the ability to evolve without requiring a hard fork.

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The ecosystem has an incentive-based philosophy for decentralized collaborations, hence it has created several mechanisms meant to reward users for their participation on the network.

The Nebulas Incentive Program

A sustainable and healthy platform can only be achieved by facilitating the development of more and higher quality decentralized applications. Nebulas hopes to encourage this through its Incentive program. Therefore, Nebulas will offer developers 100 NAS for every Dapp submitted onto the network. Additionally, the Incentive Program also offers weekly developer rewards: 10,000 NAS for the weekly champion, 5,000 NAS for the 2nd prize, and 3,000 NAS for the third prize. 20 developers will be selected to receive the weekly excellence award, worth 300 NAS.

To further encourage competition, Nebulas is also offering a 20,000 NAS monthly developer award.

Users who would rather help the platform through referrals can participate in the monthly referral rewards, granting 10,000NAS as the first prize, 2,500 NAS for the 2nd prize and 1,000 NAS for the 3rd prize.

The Nebulas Super Contributors Program

As the ecosystem is based on principles such as transparency and openness, all community users, alongside media partners and other organizations are welcome to become super contributors. Holding this position comes with a bit of responsibility, as selected users will actively participate in the governance and decision-making process of Nebulas.

The selection criteria is mostly based on the number of users invited to the platform, thus super contributors represent the ecosystem’s top 20 promoters. With a prize pool of 10,000 NAS on a weekly basis, the awards will be distributed depending on the number of users invited.

The 20 super contributors alongside 3 Nebulas team members will make up the Dapps judge panel. Members will then vote on the Dapps they like best by sending NAS to smart contract addresses. Other awards will be given in exchange for participating in the judge panel.

For more information about the ecosystem and their award programs, feel free to check out the Nebulas Incentive Program, and the Nebulas Super Contributors Program.

Almost all of the top one 100 cryptocurrencies by market cap have been hit by significant losses, with the top 10 all losing between 4 and around 10 percent over 24h

Bitcoin Press Release: Decentralized video sharing platform Viuly will be hosting a live stream on its beta platform on June 15th, 2018. The live stream event will include online games and offer its viewer’s bonus giveaways, including tokens.

15th June 2018, Estonia – Blockchain-based Video sharing platform Viuly has announced that it will be hosting a live stream event, in conjunction with the release of its beta platform. The event will showcase the updated platform, while offering its users to enter a prize draw and win some giveaway items, including VIU tokens. To receive the most updated information regarding the event, from banners and ads, participants just need to register on the beta platform.

All interested parties can access the event through the live stream link on the main website, or alternatively subscribe to the main Viuly channel and get updates. The Beta release and live stream will be conducted at 5pm GMT on Friday the 15th of June, 2018.

About Viuly

Viuly’s mission is to disrupt the multi-billion dollar industry of online video-sharing with its blockchain-based solution. Through decentralization and transparency, it aims to create a fair and open video network operating on an equitable model of revenue sharing. VIU tokens are the native currency powering the Viuly video platform. They are used to transfer value between advertisers, content creators, and users.

Viuly will be a full-fledged platform for users and content creators to share and watch videos, while immediately earning rewards for their interactions. This revolutionary ecosystem will enable a fair, unrestricted environment to share, watch, and upload any content.

Viuly’s revolutionary blockchain solution has already led to a firm backing of EUR 150,000 from blockchain investing firm Krypton Capital. Together with Krypton Capital’s “smart money” philosophy, Viuly aims to establish strong ecosystems of related companies to grow values and revenues together.

Learn more about Viuly’s Platform – https://Viuly.io/
Follow Viuly on Twitter – https://twitter.com/ViulyOfficial
Follow Viuly on Facebook – https://www.facebook.com/viuly/
Learn more about Viuly on Medium – https://medium.com/@Viuly

VIULY participants in HK trip

Igor Glavatskiy – https://www.linkedin.com/in/igorglavatskiy/
Zahid Ali – https://www.linkedin.com/in/zahid-ali-9b899a40
Andrei Druta – https://www.linkedin.com/in/andrei-druta-8195067a

Media Contact
Contact Name: Ruslan Popa
Contact Email: [email protected]
Location: Estonia

Viuly is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose.

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Viuly token sale is closed to US participants and participants of all countries in which ICOs are illegal.

About Bitcoin PR Buzz – Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

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The post PR: Viuly Announces Beta Platform Release, With Live Stream, Games and Free Token Giveaways For Viewers appeared first on BitcoinNews.com.

Startup Arianee believes the token technology can be used to help luxury brands create unique identities for bespoke handbags and expensive watches.

Chinese officials are partnering with Tencent on a new Blockchain Security Alliance, announced at yesterday’s China Blockchain Security Forum in Beijing

Japan’s FSA demands six big exchanges improve AML/KYC setup

A study conducted by Max Gulker from the American Institute for Economic Research (AIER) has concluded that Bitcoin has less market volatility than other major cryptocurrencies. Every single year since 2013, the Bitcoin market has experienced lower volatility than Ripple, Litecoin, Ethereum, and Bitcoin Cash according to data from CoinMarketCap.com.

The study calculates the absolute value of daily percentage changes and averages them across the year for each cryptocurrency. So far in 2018, Bitcoin’s volatility is less than 4%, Ethereum and Litecoin are a little over 4%, with Bitcoin Cash and Ripple being the most volatile near 6%. Bitcoin’s volatility was just over 4% in 2013 and declined to under 2% in 2016, and since 2016 yearly volatility has been rising. Essentially, this means when Bitcoin hits peak prices it is more volatile, and when the market bottoms out it is less volatile.

The study finds that major cryptocurrencies are most volatile right after they launch, and converge towards Bitcoin’s volatility in the long term. In 2018, the volatility of the five cryptocurrencies in the study was in a more narrow range than ever before.

The lower the volatility of cryptocurrency’s USD price, the more functional it is as a currency and the less stress there is for investors. If there is too much volatility for a particular cryptocurrency then it becomes undesirable for storing money and for use as a currency. People don’t want to lose significant amounts of money while sleeping, and merchants don’t want to take significant losses in accepting cryptocurrency payments.

Another metric calculated in the study was days per year with price changes of 10% or more. Bitcoin is once again the least volatile according to this metric at less than 20 days per year, Litecoin is a little over 30 days, Ripple is at 40 days, Ethereum is just under 50 days, and Bitcoin Cash has over 80 days per year with price changes greater than 10%. This once again shows that the older a major cryptocurrency is, the more it converges towards Bitcoin’s volatility.

Although Bitcoin is the least volatile cryptocurrency, it’s price is nowhere near as stable as major fiat currencies and gold relative to the USD according to another study by AIER. In 2017, Bitcoin’s volatility was 4.1%, while the GBP, EUR, JPY, and gold had a volatility of 0.5% or less. More striking, the GBP, EUR, JPY, and gold haven’t seen any days with a 10% or greater fluctuation relative to USD. Therefore, for use as an everyday currency Bitcoin is not as ideal as major fiat currencies and gold.

Cryptocurrencies are the most volatile widely traded assets in history according to AIER’s research. Of course, not all volatility is necessarily to the downside. Bitcoin has also increased more in value percentage wise than any other widely traded asset in history. Since 2010 when BTC 10,000 were used to buy two large pizzas, the price for a Bitcoin has increased from USD 0.003 to USD 6,700, which is 223.3 million per cent.

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FCoin has launched to spiking trading volumes by utilizing a new revenue model called “trans-fee mining,” but the method has been likened to an ICO.

VeChain has gained support from new partnerships with DB Schenker and PwC, ahead of its highly anticipated mainnet launch.

VeChain in Last Stages of Preparation Before Mainnet Launch

VeChain has posted their official launch schedule to Twitter comments are a mixed bag of congratulations and questions about how to convert existing VEN to the new VET token.

The VeChainThor Blockchain is days away from being unleashed. Please review the following timeline and be prepared to witness Blockchain X! pic.twitter.com/kxlQkcc6PI

— VeChain Foundation (@vechainofficial) June 21, 2018

Once the launch takes place most exchanges are expected to handle the token conversion, swapping the ERC20 VEN tokens to the new VET symbol. Users should look for a message from their exchanges that they are on board and ready to make the change.

For those keeping their tokens in their own wallet and don’t plan to transfer them over to an exchange for the mainnet launch, there’s another way to manage the exchange. Once the mainnet is launched any VEN tokens can be transferred to a new wallet to be released by VeChain that will effectively make the swap from VEN to VET for the owner.

After the swap, every single VEN token will be converted to 100 VET. This is designed into the mainnet launch to facilitate smaller transactions, as well as some of VeChain’s use cases such as IoT. For example, VeChain is currently being sold at 3.10$ per unit, after the swap the VET unit is being traded at the price of 0.31$ per one unit. Though the change creates more coins for the user the overall fiat value stays the same.

VeChain understands that the token swap will take some time to complete, so they will allow VEN and VET to coexist for a while so that all holders would have enough time to get through the process of the transition. After the mainnet launching, all exchanges for VET will be closed. Investors can book trades on their exchanges but the price won’t be available until the first trade of the newly swapped coin is processed through an exchange that had listed the VEN token.

VeChain Set Up for the Future

On it’s run up to the mainnet launch VeChain has sealed two major deals that should ensure a solid future for the Chinese company through the current unstable market.

“Big Four” auditing giant PricewaterhouseCoopers (PwC) recently lent support to the company through an investment and DB Schenker, a logistics division of German railways has partnered with VeChain to develop an application poised to transform the global logistics ecosystem.  As of the time of writing the mainnet is set to launch in 8 days.

The post VeChain Hype Intensifies With Major Partnership and Mainnet Launch appeared first on NewsBTC.

Hydro-Quebec has proposed new rules for cryptocurrency miners that are hooked up to their grid. Under the new rules, there will be a total of 500 MW set aside for cryptocurrency mining, and the rate will be hiked by at least 1 Canadian penny (CAD 0.01) for cryptocurrency miners. Additionally, Hydro-Quebec will be able to decrease or shut off electricity a maximum of 300 hours a year in order to meet demand of normal customers in a shortage situation. Hydro-Quebec operates 63 hydroelectric power stations which produce 36,912 MW combined, so only 1.35% of Hydro-Quebec’s total electricity will be allotted for cryptocurrency mining.

This is somewhat positive news since Hydro-Quebec had temporarily suspended requests for electricity from cryptocurrency miners on 7 June 2018, so that there would be enough electricity to fulfill its obligations to supply the entire province. Hydro-Quebec is a public utility that is owned by the government, so naturally, it would want to keep rates low for average citizens rather than let cryptocurrency miners cause province-wide rate hikes.

Even though cryptocurrency miners will experience a rate hike and only a limited number of miners will be allowed to set up shop in the province based on these new rules, at least the ban on applications has been lifted.

Over 100 cryptocurrency mining organizations had requested power from Hydro-Quebec, exceeding 10 TWh, which would have amounted to over 25% of Hydro-Quebec’s total output. Cryptocurrency mining companies will now have to apply and go through a section process, where details on how many jobs they are creating, how much investment money they are bringing into Canada, and how much they will be paying their Canadian workers will determine if they are granted electricity. Also, the companies can outbid each other by offering to pay more for electricity.

Hydro-Quebec says, “The goal of this process is to both maximize economic spinoffs for Quebec and revenue for Hydro-Quebec – in turn, pushing electricity rates down for customers.”

Quebec is one of the regions in the world that Bitcoin miners have been flocking to due to an abundance of cheaper electricity in the region, but now it appears miners will have to go elsewhere. The 500 MW set aside by Hydro-Quebec will only be enough to power less than 1% of global Bitcoin mining.

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Despite seeing their investment return above 20% in 2017 for two consecutive years, the richest people in the world say they are not fully satisfied with their asset managers and want to learn more about crypto.

Also read: At Least $20 Billion in Crypto Investment Awaits Custody Streamlining, Approval

Only a Third of the Richest Were Informed on Crypto

The collective wealth of the world’s millionaires went up to US$70 trillion for the first time, and they will have amassed US$100 trillion by 2025, a survey released earlier this week revealed. The Capgemini World Wealth Report 2018 found that rich people are increasingly interested in cryptocurrencies, but only about half of them are happy with their wealth managers, Reuters reported. Only a third of these millionaires said they got information about cryptocurrencies from their asset managers.

Twenty nine percent of these “high net wealth individuals,” (HNWIs) defined by the Capgemini investigation reportedly expressed a high interest in buying or holding cryptocurrencies, and twenty seven percent said they were just overall interested in the topic. Although the general public is still skeptical about cryptocurrencies like bitcoin, an increasing amount of people express a wish to understand it better.

“I am surprised how many of my younger friends are now involved with cryptocurrencies. I wanted to buy some myself, but I don’t understand it well enough to make major investments,” a business woman in Tokyo said. Sally Young (34), who already made millions in real estate investments in the U.S. and in the Philippines, says she is reluctant to invest in crypto at the moment because she doesn’t know enough about them. “When I invest my money, I need to know exactly what I’m investing in,” she said. “With bitcoin, it seems way too difficult to understand how the system really works, and the stories I hear just sound too good to be true,” she explained.

The Bank for International Settlements (BIS), which is the coordinating agency for the world’s central banks, is by definition conservative. In its 2018 annual report released on June 17th, the agency said that “Bitcoin and other cryptocurrencies are a poor substitute for dollars, euros and other central bank-backed [currencies], because they don’t scale with growing demand, require excessive amounts of energy and fluctuate greatly in value.”

In a recent analysis, the BIS also said that digital coins “come up short on all three measures of usefulness as currency,” Reuters reported. “Their prices can fluctuate wildly, making them poor substitutes for fiat currencies for transactions, which require relative stability for price comparison. For similar reasons, they fall short for investing purposes because they cannot be relied upon a store of value.”

Despite regulatory uncertainty and firm caution currently preventing cryptocurrencies from penetrating the wealth management industry, the strong demand for information on crypto from younger HNWIs around the world may force wealth management companies to “at least develop and offer a point of view” in the near future, the World Wealth Report said.

Nearly 50% Japanese Say They Won’t Invest in Crypto

When cryptocurrencies boomed in Japan in 2017, the Japanese crypto investors were mainly people in their 20s and 30s, a survey reported by Nikkei Newspaper this week has showed. By the time the survey was conducted in April of 2018, 17.2% of Japanese people had invested in cryptocurrencies. Although many saw their assets swell by 2 to 5 times their investment at the peak, it was reported that sixty percent people actually suffered  losses. Looking closer into those Japanese people who invested in crypto, it was found that more than half of them were under the age of thirty and 52.3% among those have invested less than JPY5 million (US$45,500). Nearly fifty percent responded to the survey that they will not invest in cryptocurrencies in the future.

Do you think average poorer people and older people will invest in crypto? Let us know in the comments. 

Images via the Pixabay.

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