Ellcrys is a Breath of Fresh Air for Open Source Collaborators

Ellcrys is a Breath of Fresh Air for Open Source Collaborators
Source: Bitcoinist.com

Ellcrys is an up and coming blockchain network that aims to revolutionize the way developers work together. In addition to trying to revitalize collaborative efforts, the company has an ICO that promises to make the mining and distribution of its native cryptocurrency fairer and more accessible. A Growing Problem Technology has infiltrated every part of our everyday lives leading to a surge of products and services and, along with it, the demand for people to develop these projects. Unfortunately, current web service providers limit organization accounts to only one admin or owner. This structure, present on services like Github, Stripe, and Heroku, gives a single person the power to add or remove people at will and manage the account resources. A framework such as this is incompatible with future decentralization, where there is no single owner, no leader, no trust, and…

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This Week in Bitcoin: Up, Down and Sideways

This Week in Bitcoin: Up, Down and Sideways
Source: Bitcoin.com

It was the best of times, it was the worst of times. From the hubris and excess of the North American Bitcoin Conference to the gloominess of the crypto markets, it’s been a feel-o-coaster of a week. Fear, uncertainty and doubt were the overarching emotions amidst a turbulent seven days, but there was also space for cheer, schadenfreude and disbelief. Welcome to another week in bitcoin. Also read: Blockchain Rolls Out Trading Feature for 22 States in the U.S. High Drama Amidst Low Prices This week in bitcoin managed to cram in more drama than a Mexican telenovela, with major market drama, regulatory drama, and Ponzi drama to name but three. Things started smoothly enough, with our leading story, as Monday broke, addressing the fact that 80% of all bitcoins have now been mined. Traditional media picked that one up and…

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Alibaba Refutes Speculation of Cryptocurrency Mining through its Cloud Platform

Source: Btcmanager.com

Alibaba, the largest e-commerce merchant in the world, was speculated to have taken its first step toward embracing digital currencies by introducing a cryptocurrency mining platform, which was swiftly refuted by the company. A tweet by cnLedger, a Chinese crypto news account, reveals Alibaba’s potential plans to support P2P nodes in the near future. If one were to go by the cnLedger tweet, Alibaba completed the registration process for its P2P nodes platform in October 2017. While no details on the platform are currently available in the public domain, it has been speculated that Alibaba may become more receptive toward cryptocurrency mining. Given that the company has one of the largest cloud platforms in the world, it could easily rent its computing resources to anyone looking to mine digital currencies. Alibaba’s foray into mining could not come at a worse…

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Grayscale Will Launch Stock Split for Bitcoin Trust Shares

Grayscale Will Launch Stock Split for Bitcoin Trust Shares
Source: Bitcoin.com

This week the sponsor of the Bitcoin Investment Trust, Grayscale Investments has announced the launch of a 91-for-1 stock split of the Trust’s issued and outstanding shares. According to Grayscale, the division will take place on January 22 and shareholders will receive 90 more shares on top of their original shares held. Also read: Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers The Bitcoin Trust Is Creating a 91-1 Stock Split Grayscale Investments, Bitcoin Investment Trust (OTCQX: GBTC) is a popular investment fund based on the price of bitcoins held in reserves. Most investment trusts own a fixed amount of the asset and investors purchase shares of the Net Asset Value (NAV). One GBTC share is worth around 1/10th of BTC and users also pay portfolio maintenance fees. Investors like GBTC because it is considered one of the only stock…

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Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book

Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book
Source: Bitcoin.com

Many European cryptocurrency investors are about to get another venue for investing in bitcoin cash with their regional fiat. The GDAX exchange will start offering BCH/EUR trading again in just a couple of days. Also Read: Bitcoin Cash Added to Keepkey Wallet, Exchanges in India and Hong Kong BCH/EUR on GDAX GDAX exchange, a subsidiary of San Francisco-headquartered Coinbase, has announced that it will open its BCH/EUR order book on Wednesday January 24 at 02:00 AM Pacific Standard Time (PST). This will allow its European users to gain access to bitcoin cash trading directly, without having to exchange their euros to BTC first and paying a commission twice. As we previously reported, in December 2017 Coinbase was forced to halt bitcoin cash trading on both platforms soon after it started, botching the launch. Besides operational problems like an inability to…

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Malaysian Auto Manufacturer Suspends Dealership Over Bitcoin Promotion

Source: Btcmanager.com

The Malaysian based auto manufacturer Proton Holdings, ousted the dealership branch in Seri Kembangan, a town in Selangor district, for accepting cryptocurrencies as payment. The Selangor-based dealer took its own decision to receive payments in bitcoin which was not consented by the auto manufacturer. Bitcoin Not Accepted Here The issue is Proton Holdings never authorized or gave freedom to dealers to accept payments in virtual currency. This resulted in the suspension of the dealership agreement until further investigation. Many believed it to be the Malaysian regulators that suspended the dealership, but this proved to be untrue. The company news release read: “The company does not recognize such transaction or offer and that the photo that suggests such transaction was independently initiated by a dealer of PROTON. Operations by the dealer have been suspended, pending further investigation.” However, the dealership owner…

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What Is Binance Coin?

What Is Binance Coin?
Source: Themerkle.com

Whenever cryptocurrency exchanges issue their own coins, some people will be wary. After all, such currencies can only be traded on the main exchange, which makes them seem prone to market manipulation. In the case of Binance Coin, things appear to be looking pretty good. It is an interesting cryptocurrency in its own right, especially because it has surged in value by so much. Why Does Binance Need its own Coin? That is always the main question to ask when exchanges decide to make moves like this. Native exchange-traded currencies which can’t be exchanged anywhere else also make for an interesting discussion. Binance, one of the world’s biggest cryptocurrency exchanges to date, decided to issue 197,192,382 BNB in total, even though only 99,014,000 are in circulation at present. This currency is used to pay expenses on the trading platform. Additionally, Binance…

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The Abyss Aims to Conduct the World’s First DAICO, A New Protection Mechanism for ICO Contributors, Raised By Vitalik Buterin

The Abyss Aims to Conduct the World’s First DAICO, A New Protection Mechanism for ICO Contributors, Raised By Vitalik Buterin
Source: Bitcoinist.com

The Abyss is a next-generation digital distribution platform with the vision to create a crypto reward ecosystem for millions of gamers and developers. January 11, 2018 — The Abyss, the next generation digital distribution game platform, today announced the intent to launch a pioneering DAICO, a reinforced version of ICO merged with aspects of Decentralized Autonomous Organisation (DAO). The DAICO fundraising model was proposed by Vitalik Buterin, co-founder of Ethereum, earlier this month as a more responsible way to conduct initial coin offerings. The Abyss DAICO is scheduled on February 7, 2018. Founder of The Abyss platform, Konstantin Boyko-Romanovsky said, “DAICO provides tangible solutions to the ever-changing security needs and puts transparency at the center of innovation. We are confident in our capability to implement and improve Buterin’s idea. Our DAICO will be the perfect bridge between fundraising and team…

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Foreign Cryptocurrency Traders can no Longer Deposit Korean Won on Korbit

Foreign Cryptocurrency Traders can no Longer Deposit Korean Won on Korbit
Source: Livebitcoinnews.com

It is evident things are changing in the Korean cryptocurrency industry. Local exchanges and trading platforms have to adhere to some new rules. Unlike some reports, there is no plan to ban cryptocurrencies or restrict the trading. of said currencies. However, foreign users will not be able to trade on most platforms in the future. Korbit is the first major exchange to announce this decision to its users. It is unclear if other platforms will issue similar notices to their clients. Very few people can make proper use of Korean cryptocurrency trading platforms. This is mainly due to very strict sign-up requirements. Anyone without a Korean government ID or bank account cannot buy or sell cryptocurrencies on these platforms. It seems Korbit was one exception in this regard. However, that situation will come to change in the near future as…

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New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From?

New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From?
Source: Dailysatoshi.com

The post New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From? appeared first on CCN It was around noon – I was in my favorite bagel store getting my coffee when I overheard someone talking about cryptocurrency. I was quite excited, considering that I finally seem less of a cultist when I mention Bitcoin due to the media frenzy responsible for pulling in new investors. However, my excitement turned into The post New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From? appeared first on CCN The post New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From? appeared first on Your Daily Satoshi.

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Top Banks Suspend Accounts of Major Bitcoin Exchanges in India

Source: Btcmanager.com

Large players in the banking sector have suspended a few accounts of the major bitcoin exchanges in India on an intuition of doubtful transactions. ET noted the banks including the top lenders like State Bank of India, ICICI, Axis bank, HDFC bank and Yes bank. They have suspended few bank accounts of leading Indian cryptocurrency exchanges like Zebpay, CoinSecure, Unocoin and few other. “Since last month, banks have been asking for additional collateral with 1:1 ratio,” the Economic Times reported. The banks are inspecting current accounts of top Bitcoin platforms in the country, said another person. No Response from Exchanges and Banks Although most of the exchanges did not elicit any response, Sathvik Vishwanath, promoter of Unocoin, denied the verdict saying, “The banks have not contacted the company or the promoters regarding the actions you have mentioned.” Other exchanges include…

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Cointopia Aims to Become the AngelList for ICO Projects

Cointopia Aims to Become the AngelList for ICO Projects
Source: Themerkle.com

The initial coin offering industry is still very popular as of right now. It is evident this business model has also created a few more problems in terms of regulations and lawsuits. Cointopia aims to become a new ICO-oriented platform which focuses on creating a stronger community for this sector. Moreover, Cointopia wants to become a comprehensive solution for token sales and post-ICO management. It’s a very interesting concept which could help legitimize the industry as a whole. Cointopia Focuses on the ICO Industry The main bread and butter of Cointopia is matching users with the best upcoming ICOs. Rather than presenting individuals with a long list of upcoming ICO projects, users will only see projects which match their preferences. Additionally, individuals will be able to form “syndicates” for group purchasing, and there’s an option to follow ICO influencers. The latter point is rather interesting, but it also…

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U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday

U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday
Source: Bitcoin.com

Additional Wall Street money might start making its way into cryptocurrency investments soon. An American rating agency is set to issue grades for bitcoin and a host of altcoins this week, possibly opening the door for more fund managers to enter the field. Also Read: Bitcoin Hardware Wallet Maker Ledger Raises $75 Million from VC Investors Weiss Cryptocurrency Ratings Weiss Ratings, a U.S. independent rating agency, had announced that it will issue letter grades on cryptocurrencies, to be released Wednesday January 24. Beyond market leader bitcoin (BTC), the rating agency will also issue grades for ethereum (ETH), Ripple’s XRP, bitcoin cash (BCH), cardano (ADA), NEM (XEM), litecoin (LTC), stellar (XLM), EOS, IOTA, Dash, NEO, TRON, Monero (XMR), bitcoin gold (BTG) and many others. The rating agency, which was founded in 1971, grades about 55,000 institutions and investments including banks, credit union,…

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A Case for Decentralized Cryptocurrency Exchanges

A Case for Decentralized Cryptocurrency Exchanges
Source: Dailysatoshi.com

The post A Case for Decentralized Cryptocurrency Exchanges appeared first on CCN If 2017 taught the cryptosphere anything, it gave it a lesson in security.  The sheer number of hacks throughout the year–and the millions of dollars in coins stolen as a result–sent a clear message: cryptocurrency trading needs a makeover. The foundation for this makeover?  Decentralized exchanges. 2017: A Year Plagued by Hackings 2017 will likely The post A Case for Decentralized Cryptocurrency Exchanges appeared first on CCN The post A Case for Decentralized Cryptocurrency Exchanges appeared first on Your Daily Satoshi.

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PR: Game Machine – Game Investments That Connect to the Cryptoworld

PR: Game Machine – Game Investments That Connect to the Cryptoworld
Source: Bitcoin.com

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Over the past decades, the gaming market has grown dramatically. And PC games section remain as the huge part of the industry. The increased amount of new titles, the emergence of eSports and the digital distribution allow gaming companies to expand their margin and attract the global audience. The rising number of gamers and Internet users combined with evolving tech ensures a growing number of prospective consumers. As the gaming industry reached the $100 billion mark, more and more investors are considering this promising sector which shows that the industry is bursting with its potential….

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Russian Couple Robbed of $100,000 Worth of Bitcoin in Thailand

Source: Btcmanager.com

A young Russian couple on holiday was robbed of approximately $100,000 worth of bitcoin in their condo unit at The Lago Naiharn Beach in Phuket, Thailand on the night of January 15, 2018. The robbery was reported on January 17, 2018, to Lt. Chanat Hongsuttichaikun of the Chalong Police. A Phuket Tourist Police volunteer who is a Russian national, Igor Protasov, assisted with the case. Crypto and Electronics Robbery As the victims, Maxim Lastovka, 27, and his partner Anna Nikulina, 22, entered their residence, a fourth-floor condo unit in Mueang district, at about 10 pm (+7 UTC), the suspects moved in posing as Interpol agents and forced their way inside the home. The suspects are also believed to be Russian. They covered Mr. Lastovka’s head with a black bag and separated him from Ms. Nikulina. The couple were held hostage…

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Cryptocurrencies Aren’t Crashing due to Governments and Their Irrelevant Decisions

Cryptocurrencies Aren’t Crashing due to Governments and Their Irrelevant Decisions
Source: Livebitcoinnews.com

Depending on who you believe, cryptocurrencies will either crush the financial markets or disappear altogether. It is a very interesting debate that has gone on for quite some time now. According to Business Insider, people are selling Bitcoin because of moves made by governments all over the world. It is evident there is some fear mongering involved here, as that is anything but the case. Sell-offs like this one happen every single year. Bearish periods last anywhere from a few days to several months. Governments cannot control or ban cryptocurrencies. That is an undisputed fact which no one can refute. Some financial experts claim the reality is different, but they are sadly mistaken. More specifically, governments can make life difficult for trading platforms. However, cryptocurrencies will survive regardless of centralized trading platforms. Consumers will always find a way to access…

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CFTC Slaps Fraud Charges on Three Cryptocurrency Entrepreneurs and Companies

CFTC Slaps Fraud Charges on Three Cryptocurrency Entrepreneurs and Companies
Source: Themerkle.com

It is never good to see the U.S. Commodity Futures Trading Commission go after virtual currency operators. This is especially true when the charges revolve around defrauding customers. Even though interest in cryptocurrencies has soared recently, there are still a lot of people looking to steal your money. With the CFTC now getting involved, it will be interesting to see what type of regulation gets introduced in the future. The CFTC Flexes its Muscles No one should be allowed to defraud investors, no matter what industry they are involved in. As far as the world of cryptocurrency is concerned, we have seen a fair few companies and users scam others, leading to major financial losses. Now that the Commodities Futures Trading Commission has filed fraud charges against three virtual currency operators, things have taken another worrisome turn. Bringing the bad apples to justice is…

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Pinnacle’s Key Features

Pinnacle’s Key Features
Source: Themerkle.com

Pinnacle is the trading and investment platform that will become your primary point of access to the growing world of crypto, CFD, stocks, futures, and options investment. Pinnacle will be a full featured investment multiplex with truly automated trading features for beginners, and the very best trading tools for professionals. This platform will revolutionize trading cryptocurrency and world markets. Every single person can become a successful trader as long as they use the right tools and choose the trading style that fits their strengths and weaknesses. Disclosure: This is a Sponsored Article Pinnacle Key Features include: Pinnacle will allow traders to perform all trading tasks on one single platform. There are some websites and applications that will do some of the things that Pinnacle will do, but traders always end up having to login to multiple sites to get all…

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Visa CEO rejects notion of Bitcoin as Currency and Payment Mechanism

Source: Btcmanager.com

In an interview recorded at the National Retail Federation conference on January 16, 2018, the Chief Executive Officer (CEO) of Visa, Alfred Kelly, publicly confirmed that the company had been actively distancing itself from supporting cryptocurrencies. Speaking in New York City, Kelly said that “I don’t view it as payment system player.” His words make it quite apparent that Visa simply does not hold bitcoin or any other digital currency in direct competition with government-backed fiat, such as the United States dollar. In fact, Alfred Kelly directly colluded to the fact that Visa would not be accepting payments in bitcoin. Further, in the interview, he said, “We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions.” Explaining his inhibitions, Kelly also stated: “My take is that bitcoin is much more today a commodity that…

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Tether Issued Its Two Billionth USDT Token Due to Seemingly Growing Demand

Tether Issued Its Two Billionth USDT Token Due to Seemingly Growing Demand
Source: Themerkle.com

If there is one particular token in the cryptocurrency world which sparks the most debate, it has to be Tether’s USDT. Although this is supposed to be a digital representation of the US dollar, there have been numerous concerns over its rapidly increasing supply and the financial assets required to back it. As of right now, the Tether supply is over 2 billion USDT. It’s a remarkable milestone, albeit one that is heavily criticized. Two Billion Tethers are in Circulation It is evident the creation of Tether’s USDT tokens has always been considered rather controversial. Every USDT in circulation represents one US dollar. One would expect the Federal Reserve to oversee the issuance of such pegged tokens, rather than a company known as Tether. So far, there has been no negative backlash, although it may only be a matter of time until the US…

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Judgment Day! Conspiracy Group Claims Bitcoin Created by Rogue AI

Judgment Day! Conspiracy Group Claims Bitcoin Created by Rogue AI
Source: Bitcoinist.com

A new Bitcoin conspiracy theory has emerged online, claiming that the cryptocurrency was created by a rogue artificial intelligence. Prowl the dark corners of the internet and you’ll stumble across some pretty wild ramblings. The net has allowed people who once had their opinions confined to friends and family the ability to broadcast their beliefs to the entire world. The world of cryptocurrency has now been submerged into the fantastical world of conspiracy theories. An intriguing Bitcoin conspiracy theory is that the virtual currency was created by a rogue AI. Did Skynet Create Bitcoin? This conspiracy theory concerning Bitcoin is promoted by a YouTube channel called UFO Today, which focuses on UFO phenomenon. However, the channel has strayed into crypto territory with a video promoting the idea that an artificial intelligence is responsible for the creation of Bitcoin. According to…

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OKCoin Eyes South Korea For Growth

Source: Btcmanager.com

OKCoin, once China’s principal digital currency exchange, is broadening its horizons with a strategic decision to expand its territory to South Korea. The move closely shadows that of its largest competitor, Huobi, who announced a similar migration in December 2017 following China’s comprehensive cryptocurrency ban three months prior. Entertainment Partnership Strengthens Move According to local media reports on January 19, 2018, OKCoin will utilize a partnership with NHN Entertainment to launch the new leading digital currency exchange in South Korea. The aim of OKCoin appears to be an eclipse of South Korean exchanges UpBit and Bithumb, through its listing of a greater number of cryptocurrencies available for trade. With the bar set at UpBit’s 30 listings, OKCoin will offer twice the amount with a planned launch integration of 60 cryptocurrencies. Ambitions clear, it is likely that OKCoin will once again…

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The Bread Token Sale has Sold Out – The New Rewards Program Will Be Rolled Out Soon

The Bread Token Sale has Sold Out – The New Rewards Program Will Be Rolled Out Soon
Source: Themerkle.com

Letting Your Wallet Pay You Most people have credit cards or loyalty cards for various companies, and many of those cards provide rewards for loyal users. Whether the rewards are points, airline miles, or cash back, some system is in place to reward the most active users. These perks are something that most consumers have come to expect as customary. Disclosure: This is a Sponsored Article In the crypto economy, however, there are very few such platforms. Instead, using wallets and exchanges often comes with a fee, and crypto holders have gotten used to paying without receiving. All this is about to change however, as Bread, a multi-coin cryptocurrency wallet has announced their rewards program through a proprietary token called BRD. The BRD token has already sold out, with $12 mln sold in the pre-sale, and then $20 mln during…

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