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Romanian authorities have published a draft bill to regulate the issuance of electronic money within the country
Romanian authorities have published a draft bill to regulate the issuance of electronic money within the country
The government of Venezuela is funding a housing initiative for the homeless with the national oil-backed cryptocurrency, the Petro
The government of Venezuela is funding a housing initiative for the homeless with the national oil-backed cryptocurrency, the Petro
Since its invention, a recurring question for cryptocurrency holders has been how to best secure their digital assets. This question of security carries the greatest weight when one understands the stakes o…
Since its invention, a recurring question for cryptocurrency holders has been how to best secure their digital assets. This question of security carries the greatest weight when one understands the stakes of holding unprotected cryptocurrency — vulnerability to hackers.
Since 2011, software developers have kept this problem at the back of their minds. One such innovator, Peter Kroll, recently joined Rob Mitchell on Episode #56 of The Bitcoin Game to discuss the background of his ventures and the technical details of his most lauded project in cryptocurrency security.
Kroll’s primary contribution to the field of crypto security has been his invention of the first paper wallet, at Bitaddress.org. Having launched the original website anonymously in 2011, he was able to hone a system of security that addresses several of the most prominent flaws of cryptocurrency security.
Kroll’s website solves several core problems in a remarkably elegant way. To begin with, the HTML code for the website itself does not need an internet connection to execute after its page has been loaded. This means someone can perform the entire process of generating a new wallet without being vulnerable to a cyberattack across the internet.
The program then adds a human-component circumvention, asking users to move their computer mice in erratic patterns, to eliminate the problem that coded systems are unable to generate truly random numbers. Using intervals decided by pseudo-random numbers and other factors, the program captures the exact pixel that the mouse cursor was on at any given moment and uses the number of this pixel to generate the hash for a bitcoin wallet.
Kroll explained that this strategy is useful because certain pieces of hardware contain exploitable flaws in their pseudo-random number generators, whereas flawed devices running the BitAddress software create hashes that are not vulnerable in the same way.
For a final piece of security, a wallet is given a QR code that can be printed out onto a piece of paper, thus keeping it offline and insulated from a cyberattack. In doing this, Kroll’s security program manufactures novel wallet addresses that are protected from several of the most common vectors of theft.
]In addition to explaining the technical details of his groundbreaking platform, Kroll also gave context to what inspired him in the cryptocurrency environment. Furthermore, he went on to outline what he believes to be some of the most salient issues surrounding the space today.
Over the course of the interview, Kroll gave a number of personal details about why he ended up working in the cryptocurrency space. He started by recollecting his earliest interactions with the world of technology development.
“When my mom brought home our first computer,” Kroll recalled, “you couldn’t really do much on it. Programming seemed the natural thing to do.”
For a 14-year-old during the dot-com boom, the costs of many specialty pieces of software were completely prohibitive. Learning to program at a young age motivated Kroll to seek opportunities when the value of software would spike next.
His experience building micropayment venues in this era, naturally, attracted him to Bitcoin. It also prepared him to quickly see the inherent flaws in its security. By creating his website so early in the space, Kroll’s platform became a significant influence in the world of cryptocurrency. It also allowed him to iron out all the kinks in the program before vast audiences adopted it.
Toward the end of the interview, Kroll began speaking about some of his future ventures, trying to similarly hammer out all of the potential quandaries in developing a diversified hedge fund for cryptoassets. In this segment, he laid out some of the core philosophical differences that led to the current status of altcoins as well as advice for how to proceed with alternative cryptocurrencies in the future.
For more podcasts and articles on these topics, visit the Let’s Talk Bitcoin Network.
This article originally appeared on Bitcoin Magazine.
Just recently news.Bitcoin.com reported on the development of a decentralized crowdfunding application powered by the Bitcoin Cash (BCH) network called Lighthouse.cash. The project was first initiated by Mike Hearn years ago, but Lighthouse was abandoned after he left the cryptocurrency community. This week the Lighthouse.cash project developers have officially launched the open source platform for […]
The post Decentralized Crowdfunding Platform Lighthouse.cash Launches appeared first on Bitcoin News.
Just recently news.Bitcoin.com reported on the development of a decentralized crowdfunding application powered by the Bitcoin Cash (BCH) network called Lighthouse.cash. The project was first initiated by Mike Hearn years ago, but Lighthouse was abandoned after he left the cryptocurrency community. This week the Lighthouse.cash project developers have officially launched the open source platform for multiple operating systems.
Also Read: The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal
Typically when people crowdfund online they use services like Gofundme, Kickstarter, and Indiegogo. However, the problem with these crowdfunding outlets is that they are centralized, and they can be censored. So back in January of 2015 the Bitcoin developer Mike Hearn designed a BTC-powered application called Lighthouse, but dropped the project when he left due to scaling debate frustrations. Now an anonymous developer has resurrected the project from its ashes and this week the first version of Lighthouse.cash is available to the public.
“Meet Lighthouse, a bitcoin-cash-powered app to create and manage your own crowdfunding campaign without any middle-men,” explains the Lighthouse development team.
Lighthouse provides a wallet and a way to build crowdfunding campaigns without relying on a trusted third party.
The first release of the Lighthouse.cash platform is now available for Mac, Windows, and Linux operating systems. The anonymous developer is being helped by the Cryptonize.it and Cashpay wallet through Toshi’s Fund, explains the latest announcement. The decentralized crowdfunding project Lighthouse.cash and its source code can be found on the Gitlab website.
“We decided to maintain the project at Gitlab because Microsoft does not believe it is possible to scale on-chain, it only made sense to us to move this project to a platform that has a better vision,” details the Lighthouse programmers.
News.Bitcoin.com tested the platform first hand, and setting up a crowdfunding project took very little time. At launch, Lighthouse has three projects which include a P2P classified ads platform, Toshis.fund, and Gifter.cash. So far the project features no platform fees to start a crowdfunding project, the system is powered by smart contracts and because Lighthouse uses BCH microtransactions can be pledged with ease.
“Projects can be distributed however you want. It’s envisioned that galleries will pop up that will host projects and help them reach a wider audience,” says the Lighthouse creators.
The first gallery of this kind is going to be on lighthouse.cash
In addition to the initial launch features, the project’s roadmap has a lot to offer going forward as well. Besides the typical code polish, the team plans to add a development collaboration tool, mobile phone support, threshold signed software updates, Tor mode, and more features are being developed for the platform. Lastly, the team has released two instructional videos for people who want to either pledge to a project or create a project on Lighthouse.cash which can be found here and here.
What do you think about the new Lighthouse.cash project powered by the Bitcoin Cash network? Let us know your thoughts on this subject in the comment section below.
Images via Shutterstock, Lighthouse.cash, and Jamie Redman.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.
The post Decentralized Crowdfunding Platform Lighthouse.cash Launches appeared first on Bitcoin News.
On October 9, 2018, Blockchain & Bitcoin Conference Switzerland will take place for the second time in Geneva, the European fintech hub. The event is dedicated to blockchain and cryptocurrencies uniting blockchain project developers, investors, analysts, financiers, specialists in marketing and legal support of business. The first Blockchain & Bitcoin Conference Switzerland was held in […]
On October 9, 2018, Blockchain & Bitcoin Conference Switzerland will take place for the second time in Geneva, the European fintech hub. The event is dedicated to blockchain and cryptocurrencies uniting blockchain project developers, investors, analysts, financiers, specialists in marketing and legal support of business. The first Blockchain & Bitcoin Conference Switzerland was held in February and gathered more than 300 participants.
Blockchain & Bitcoin Conference is a series of events held in different countries of the world by Smile-Expo. In 2018, more than 20 events are planned including the recent conferences in the Philippines, Australia, India, Thailand, and upcoming events in France, Switzerland, and Malta.
The event in Geneva combines a conference featuring foreign experts and a demo zone where companies will present their products. The program includes a panel discussion and a pitch session for participants of the demo zone.
The team of Smile-Expo, the international event company, includes in the program of Blockchain & Bitcoin Conference Switzerland reports of international experts as well as bright representatives of the Swiss blockchain community. In February, speakers of Blockchain & Bitcoin Conference Switzerland were representatives of CERN and investor listed in Forbes 30 under 30.
Switzerland is a country with the developed banking system and great interest in fintech innovations. Today the country has its own “crypto valley” – the city of Zug, where a functional blockchain ecosystem has been developed and many famous projects are based, such as Ethereum Foundation, Monetas, Lykke. Zug is known for several business accelerators and HSLU-I university that teaches blockchain specialists. Besides, one can use Bitcoin to pay for goods and services here and exchange it for fiat money in one of three Bitcoin ATMs. At the end of July, the voting via the eID system based on the distributed ledger will take place in Zug.
In 2018, Procivis startup has successfully tested and implemented the eID solution and a number of e-Government services. Now users can file tax declarations, register residence, and use passport services with their smartphones.
Furthermore, there are blockchain platforms for over-the-counter securities trading launched by major financial organizations in Switzerland. As for the business application of blockchain, 75% of Swiss companies plan to integrate the technology in the next three years (according to the report of PwC).
Smile-Expo’s blockchain conference in Switzerland gives an opportunity to meet global blockchain and cryptocurrency experts. It is a comfortable networking space, where one can exchange experience with companies that have already developed and implemented real-life blockchain-based solutions.
The event will be interesting for:
Program of Blockchain & Bitcoin Conference Switzerland will be published on the website of the event.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Technically and if we can take a top-down approach, Litecoin is trending higher. However, given the events of yesterday where we saw gains clipped by as much as 10 percent down from 14 percent earlier this week, Litecoin bulls stand on a shaky ground. Because of this, it’s likely that prices may continue reversing July…
The post Litecoin (LTC) Technical Analysis: Litecoins Bulls Are Shaky appeared first on NewsBTC.
Technically and if we can take a top-down approach, Litecoin is trending higher. However, given the events of yesterday where we saw gains clipped by as much as 10 percent down from 14 percent earlier this week, Litecoin bulls stand on a shaky ground. Because of this, it’s likely that prices may continue reversing July 2 gains and in that case I suggest take a wait and see approach.
What a time to be alive. Too much popcorn for decentralized currencies “poised to revolutionize the world”. At this rate, many are opting to have a time stamp receipt at their local grocery shop rather than using fast settling cryptocurrencies like Litecoin and even Bitcoin Cash. Well, there are many reasons why. First, the declaration by Binance that they are creating a SAFU for their users following that API keys compromise that saw the price of SYS temporarily spike to 96 BTC is not a joke. Even Charlie Lee picked it up and posted this new announcement to his followers meaning it’s a weighty issue and a joke to decentralization.
— Doge Sun Tzu (@DanyF19015410) July 4, 2018
What that mean is that going forward, they will channel 10 percent of their trading fees to this fund as a safety net in case there is an attack leading to losses. Funny enough, all this is happening within the confines of a technology that is meant to be hacker proof. It’s technically the weakness of having a centralized entity taking charge of systems that should be in theory trustless. Remember, Binance is now acting as a charity exchange and would compensate those affected using their own coin, BNB.
We don’t know yet but maybe Binance being a powerful, multi-billion Exchange might just be setting up precedence for other exchanges to follow suit. This boosts and even encourages hackers to aim for the higher jack pot because they know these exchanges would compensate those affected.
Obviously, Litecoin prices have been on a one way slide since testing their highs late last year. And yes, there are many theories that claim to explain this depreciation but there what we do know is that this loss won’t go on forever. In early June, LTC sellers pushed prices below $110 and the accompanying volumes and size of candlestick pointed out to a typical bear break out.
Because break outs are usually followed by a pull back, it’s likely that this week might be the beginning of a pull-back retesting $110. It may also be LTC bulls snapping back into the general trend set in pace in Q3 of 2017 more so if there is a strong break above $110 and later $130.
So, in light of this technical set up and last week’s rejection of lower lows right at main support, my suggestion is to load longs if this week ends up bullish. That would mean the completion of a three bar bull reversal pattern, The Morning Star.
Complementing our assertions in the weekly chart are these nice higher highs bouncing of that double bar reversal candlestick on June 29-30 and on July 2. There we can see buyers rejecting lower prices and printing higher.
So regardless of yesterday’s lower lows, the only thing can cancel our bullish projection is if prices dip below $70. As it stands, prices are inside July 2 high lows and clearly rejecting $90. Today with might see prices adding to their losses and despite that, we shall hold a bullish view until our short trade conditions are met or until prices bolt above $90.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post Litecoin (LTC) Technical Analysis: Litecoins Bulls Are Shaky appeared first on NewsBTC.
Altcoins though swinging-are on a recovery path and none stands out like IOTA. Gains have been consistent and they continue to partner with strategic industries. As that is happening Tron SRs election is on-going and so far there haven’t been market moving news events injecting demand. Let’s have a look at these charts: EOS Technical…
The post EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: D.C.A, Buy Altcoins on Dips appeared first on NewsBTC.
Altcoins though swinging-are on a recovery path and none stands out like IOTA. Gains have been consistent and they continue to partner with strategic industries. As that is happening Tron SRs election is on-going and so far there haven’t been market moving news events injecting demand.
Let’s have a look at these charts:
In an effect versus cause, effort versus result comparison, we can clearly see that sellers are in charge. That’s if we consider the six-month time frame since the beginning of the year. In this time frame we can clearly see that EOS has been on a down trend.
This is irrespective of the fundamental aspects that their mainnet is now live and Block Producers are busy validating transactions. In the last week though, prices have been recovering but is our buy projection really valid? Well, it depends and that’s more so if we see gains above $9 like we have been reiterating in previous analysis.
For strong buys, traders should first see gains reversing June 22 depreciation and that means valuation above $12. This applies for risk-off traders who needs confirmations. However for risk-on, aggressive type traders, buying above $9 on every dip means conservatives targets at $15 with stops at $7.
Overly, LTC prices are stable even in a midst of an otherwise bear trend. The events of the past weeks are bound to change this narrative especially if we see gains above $90, our immediate resistance line and lower edge buy trigger we have been emphasizing in our analysis.
Note that, despite that strong bullish candlestick of July 2, LTC is stuck in a range mode. This is normal and should not mean sells instead it could imply that there is a lower-level accumulation in progress. Mind you, the only thing that cancels this bullish projection is a dip below $70 or June 29 lows.
Like before, July 2 strong move above 20 cents triggered our buys and we continue to be long in line with our trade plan. There are pockets of sells but buy momentum seems to outweigh that as July 3 and 4 candlesticks shows.
As it stands, we can see that prices are still moving inside July 2 bullish candlestick and so for those planning to enter, wait until there is a move above 22 cents of July 2 highs. Thereafter, you can begin to load or wait until prices gains above 25 cents to trade with the trend with stops at 18 cents and 23 cents respectively.
The execution of the Tron mainnet and election of the 27 Super Representatives have been meticulous and near-perfect to say the least. We can easily conclude that the planners of this execution and Justin Sun PR were attentive to detail, learning from EOS failings.
Their constitution is not yet out but going by how they have been handling stuff, Justin Sun would probably want it to be free of controversy especially when it comes to the power vested on their network super nodes.
On to the charts and TRX prices are stable. Of course, picking bottoms is a dangerous games and since TRX prices was literally stuck in a consolidation before that explosion in late 2017, we would take a conservative approach.
By this I mean my buy suggestion would take effect once we see up-thrusts above 5.5 cents, the upper edge of this trade range. Otherwise, for now we remain neutral even if we have those higher highs. Any break below 3.3 cents and sellers are likely to drive prices to 2.5 cents, the lower limit of the trade range.
As we have mentioned before, IOTA user case qualifies this coin as a long term buy and what a good time to buy this coin. After bouncing off the support at 90 cents, IOTA gains have been consistent and in the last 24 hours, they are up three percent. I suggest buying at current prices with stops at 90 cents or June 29 lows and stops at $2.5.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: D.C.A, Buy Altcoins on Dips appeared first on NewsBTC.
Cointelegraph |
India: Senior Opposition Member Demands Probe Into ‘Mega Bitcoin Scam’
Cointelegraph An official from Indian opposition party the Indian National Congress (INC) has demanded a probe into a “mega Bitcoin scam,” The Hindu reports July 5. The scam supposedly involves leaders of the majority Bharatiya Janata Party (BJP). Senior INC member … India’s ruling party accused of $12B Bitcoin scam by oppositionTNW Politicians in India’s Gujarat Accused of Bitcoin Money Laundering ScamnewsBTC 5000 Crore Bitcoin Scam In GujaratNDTV The Hindu all 20 news articles » |
Cointelegraph | India: Senior Opposition Member Demands Probe Into 'Mega Bitcoin Scam' Cointelegraph An official from Indian opposition party the Indian National Congress (INC) has demanded a probe into a “mega Bitcoin scam,” The Hindu reports July 5. The scam supposedly involves leaders of the majority Bharatiya Janata Party (BJP). Senior INC member ... India's ruling party accused of $12B Bitcoin scam by opposition Politicians in India's Gujarat Accused of Bitcoin Money Laundering Scam 5000 Crore Bitcoin Scam In Gujarat |
A member of the Indian opposition party has demanded a probe into a supposed “mega Bitcoin scam” involving majority officials
A member of the Indian opposition party has demanded a probe into a supposed “mega Bitcoin scam” involving majority officials
Ripple has been among the most pragmatic and unconventional blockchain startups in the market. The company has been under fire lately as XRP continues to provoke heated debate about whether it is a security or not, but this hasn’t kept the company from making major moves. It recently announced that India’s second-largest private bank had […]
Ripple has been among the most pragmatic and unconventional blockchain startups in the market. The company has been under fire lately as XRP continues to provoke heated debate about whether it is a security or not, but this hasn’t kept the company from making major moves. It recently announced that India’s second-largest private bank had begun using xCurrent for remittances. And in an effort to reach out to its community regarding its latest technological developments, products, and culture, Ripple has launched a web series called The Ripple Drop. The series will feature some of the most important figures in the company and will run every first and third Monday of the month.
On its first episode, the brief show hosted by the company’s Social Media Manager, Reinhard Cate, addressed the importance of the liquidity that’s provided by Ripple’s products, recent additions to the xCurrent family, and new job openings at the company. Discussing liquidity was the company’s Head of XRP Institutional Liquidity, Catherine Coley. There are various layers of components that influence liquidity in a market which include the infrastructure layer, liquidity providers, speculators, and corporate institutions, Coley explained.
Ripple is excited to add Kotak Mahindra, India’s second-largest private bank, to its RippleNet family, the company’s Senior Vice President of Product, Asheesh Birla, stated. While most people know that India is the largest inward remittance corridor in the world, few are aware that it’s also the fastest growing outward remittance corridor. Through xCurrent, Kotak Mahindra will be able to connect with a lot of destinations worldwide and offer its customers fast and frictionless payments.
If you were thinking about working at Ripple, the show had some good news. The company’s Director of Talent Acquisition, Jim Chauncey Kelly, announced that the company is seeking to hire a senior program manager for the University Blockchain Research Initiative. This is an initiative that the company launched in June to support the research and development of blockchain technology. Ripple committed $50 million to the initiative and announced 17 top universities with which it will partner including the University of Pennsylvania, the University of California at Berkeley, and Korea University. The senior program manager will be expected to manage the company’s relationships with these universities. He or she will also be charged with setting goals for the partnerships and working toward a predetermined long-term goal.
While the company was making its web series, an XRP investor from California was filing a class action lawsuit accusing the company of selling securities without the required registration. Filed by David Oconer, the lawsuit lists the company’s CEO, Brad Garlinghouse, and the company’s wholly-owned subsidiary XRP II LLC as defendants. According to Oconer, XRP bears all the hallmarks of a security since purchasing it constitutes an investment contract. Moreover, the returns that the investors expected to derive from their XRP tokens were directly tied to the XRP Ledger and actions taken by Ripple.
This is the third class-action lawsuit accusing the company of selling unregistered securities. In an earlier lawsuit, a plaintiff also accused the company of manipulating the price of XRP by spreading false rumors such as a possible listing on Coinbase. The lawsuits are still in court, but all point to an issue that has continued to loom over the XRP community: is XRP a security?
It’s been a good week for bitcoin (BTC), which is up 8%. But you wouldn’t think so to read the news. Alight on one of several mainstream media (MSM) outlets and you might have learned that bitcoin is crashing and on its way to zero. Taking cheap shots at bitcoin is great for attracting rage […]
The post Predicting Bitcoin to Go to Zero Will Send Your Reputation to Zero appeared first on Bitcoin News.
It’s been a good week for bitcoin (BTC), which is up 8%. But you wouldn’t think so to read the news. Alight on one of several mainstream media (MSM) outlets and you might have learned that bitcoin is crashing and on its way to zero. Taking cheap shots at bitcoin is great for attracting rage clicks. It’s also a great way to look foolish.
Also read: Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain
Bitcoin has now died 319 times according to Bitcoin Obituaries, but like a B-movie zombie it just won’t stay down. To date, no one has succeeded in administering the fatal double tap, and not for lack of trying. Nine years on, bitcoin is stronger and healthier than ever, with a thriving ecosystem of projects under development, from sidechains to custodial and layer two scaling solutions.
Only the brave or the foolish would write off bitcoin in 2018, and yet that’s exactly what so-called experts keep doing. “I thought we’d finally get rid of bitcoin,” grumbled John Crudele in the New York Post. He’s been banging the same drum for four years. “But the fake “currency,” which I like to call bitcon, just won’t fade away…Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.” He finished:
I use the term “worth” cautiously because bitcoin is really worth nothing, since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. Got it! Ponzi scheme. Confidence game. Fraud. Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when.
Bitcoin isn’t complicated. Merkle roots and block header pruning and UTXOs, sure, that stuff’s too complicated for your average MSM journo. But understanding bitcoin at its most basic level requires nothing more than an ability to Google. Another serving of FUD this week came from a research paper that the Bank of Finland released. The Great Illusion of Cryptocurrencies includes such observations as “cryptocurrencies are not real currencies but instead accounting systems for non-existent assets” and “For all intents and purposes, that ledger is a centralised ledger. The fact that there are multiple synchronised copies of it, distributed across a network, is irrelevant, as each one has the same data.”
Around the same time that the New York Post’s Crudele was foaming over his laptop, British tabloid The Sun was also doling out misinformation. “BUBBLE TROUBLE How Bitcoin bubble burst as cryptocurrency loses 70% value and 800 digital currencies now defunct” screeched the headline. “FEARS are growing that the cyptocurrency [sic] bubble is about to burst after it emerged more than 800 digital coins are now defunct,” read the article, conflating dead shitcoins with BTC for no apparent reason.
The Independent is meant to be more reputable than The Sun, but the British media outlet also took aim at bitcoin this week. Like The Sun, its analysis was hopelessly off the mark. “Bitcoin has fallen to its lowest point since November and will probably be totally wiped out” ran the headline by associate editor Hamish McRae, “one of the country’s most respected financial journalists and commentators”. Evidently in the mood for serving some WTF with his FUD, McRae’s byline read: “Will investors’ support for bitcoin continue? The trouble is that we don’t know who owns it. A huge amount of energy has gone into uncovering ownership but most names remain concealed.” Somewhere in the midst of the rambling screed, the journalist then floated the idea that “By looking at IP addresses, it is clear that [bitcoin] ownership is very concentrated.”
The Independent’s financial expert ended: “The BIS [Bank for International Settlements] thinks that the decentralised nature of cryptocurrencies is a weakness rather than a strength.” Well fancy that. “My instinct is that these cryptocurrencies will disappear in a puff of smoke. I just hope too many people are not too damaged when it happens.” The thing about predicting bitcoin to go to zero is you can never be proven wrong. You can also never be taken seriously again.
What other MSM publications don’t understand bitcoin? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post Predicting Bitcoin to Go to Zero Will Send Your Reputation to Zero appeared first on Bitcoin News.
The Reserve Bank of Zimbabwe has started studying distributed ledger technology in order to deploy it in the bank’s business practices
The Reserve Bank of Zimbabwe has started studying distributed ledger technology in order to deploy it in the bank’s business practices
Europe’s largest trader of exchange-traded funds, or ETFs, is taking steps into the cryptocurrency space in attempts to capitalize on the volatility of the current market. This is despite the fact that its regulator urges against buying and selling the coins. Flow Traders Moves into Crypto According to co-CEO Dennis Dijkstra, the Amsterdam-based speed trader…
The post Dutch Speed Trader to Enter the Crypto Space with ETNs Based on Bitcoin and Ether appeared first on NewsBTC.
Europe’s largest trader of exchange-traded funds, or ETFs, is taking steps into the cryptocurrency space in attempts to capitalize on the volatility of the current market. This is despite the fact that its regulator urges against buying and selling the coins.
According to co-CEO Dennis Dijkstra, the Amsterdam-based speed trader Flow Traders will be the first to offer exchange-traded notes (ETNs) based on Bitcoin and Ether. Another firm, Sweden-based XBT Provider (an issuer of crypto ETNs) said that Flow Traders has “dramatically increased” the trading of its securities in the last few months.
Currently, several U.S. speed traders are making markets in cryptocurrency futures or the underlying currencies. Of note is that Flow Traders is the first firm — Europe, U.S., or otherwise — to disclose it’s buying and selling crypto notes listed on regulated stock exchanges, according to Bloomberg.
Moving forward, Dijkstra believes that publicly traded notes or funds will broaden the appeal of digital currencies as an asset class by providing a straightforward and cheaper way of investing in the the coins.
“People underestimate crypto,” Dijkstra said. “It’s big, and it is to be regulated very soon. The market participants are much more professional than people think. Institutional investors are interested – we know they are because we get requests.”
Despite this enthusiasm from investors, Flow Traders’ regulator, the Dutch Authority for the Financial Markets (AFM), is against the move into the crypto space, primarily because they don’t regard digital currencies to be an asset class. That said, there isn’t much the watchdog can do to stop a firm from trading regulated securities or derivatives on a regulated exchange. In a statement, Nienke Torensma, a spokesperson for the AFM, said:
“We discourage activities in cryptos both by consumers and professional license holders. By virtue of its newness and the anonymity it potentially offers, it is very prone to abuse. Given its inability to serve the promised purpose as a currency, we don’t regard it to be an asset class.”
Flow Traders traded 244 billion euros ($284 billion) of ETFs globally in the first quarter of 2018, including 143 billion euros in Europe, making it the region’s biggest trader of the securities.
Like its rivals, last year’s weak trading volumes in its core market was what prompted Flow Traders to move into the crypto space. Digital currencies are particularly attractive because speed traders make the most money in the most volatile markets.
“With the growing interest from institutional clients willing to invest in digital assets, I can see why so many proprietary trading businesses are now focusing on this new asset class,” Laurent Kssis, managing director at XBT Provider, said.
Featured image from Shutterstock.
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There can never be enough cryptocurrency wallet options. As this industry continues to grow, giving users more ways to secure their funds can only be considered a good thing. Decentral has introduced the Jaxx Liberty wallet, which is slightly different from its regular Jaxx wallet. The Jaxx Liberty Wallet Has Arrived When it comes to […]
There can never be enough cryptocurrency wallet options. As this industry continues to grow, giving users more ways to secure their funds can only be considered a good thing. Decentral has introduced the Jaxx Liberty wallet, which is slightly different from its regular Jaxx wallet.
When it comes to storing cryptocurrency balances in a safe and secure manner, a software or hardware wallet is one’s best bet. In the hardware department, the likes of Ledger, Trezor, and KeepKey are incredibly popular. A new OpenDime hardware solution is also coming to market soon, which will give users even more ways to keep their funds safe.
In the software department, there are a lot more choices out there. Ranging from desktop wallets to mobile wallets, the number of choices continues to grow every quarter. Decentral, the company known for its Jaxx cryptocurrency wallet, recently introduced a second offering. Known as Jaxx Liberty, it will support many additional cryptocurrencies. Although the wallet is still undergoing beta testing as of right now, it will eventually support over 70 currencies.
Additionally, the Jaxx Liberty wallet provides additional features for users to enjoy. Those tools range from industry news to market data and a multi-chain block explorer. It is good to see wallet providers offer a lot more functionality which most of their users find important.
For the time being, the Jaxx Liberty wallet is only available to Canadian users. That situation will soon come to change, as Decentral aims to offer its new wallet to users all over the world in the coming weeks. It will not replace the traditional Jaxx wallet, but rather offer a slightly different experience. Having two wallet solutions taking slightly different approaches makes a lot of sense for Decentral.
The growing number of digital currencies, assets, and tokens has caused the cryptocurrency ecosystem to become fragmented. As such, it is important to have wallet solutions in place which can support many currencies in one go. Jaxx Liberty seems to check a lot of the right boxes in this regard, although it remains to be seen how users will respond to this new offering.
For cryptocurrency enthusiasts who manage a diversified portfolio, Jaxx Liberty could be a wallet solution worth checking out. Although it is impossible to support all cryptocurrencies from day one, taking a multi-coin approach is becoming more important than ever before in this industry. Users still need to take the necessary precautions to keep their devices safe from harm. A cryptocurrency wallet can only do so much of the work in this regard.
CNBC |
Tom Lee: I want to be clear, bitcoin is going to $25000 by year end
CNBC Bitcoin bull Tom Lee, Fundstrat, still believes the cryptocurrency will hit $25K by the end of this year. With CNBC’s Melissa Lee and the Fast Money traders, Pete Najarian, Steve Grasso, Karen Finerman and Tim Seymour. Watch CNBC Live TV … |
CNBC | Tom Lee: I want to be clear, bitcoin is going to $25000 by year end CNBC Bitcoin bull Tom Lee, Fundstrat, still believes the cryptocurrency will hit $25K by the end of this year. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Steve Grasso, Karen Finerman and Tim Seymour. Watch CNBC Live TV ... |
