Hybrid Exchange Launches PoR Consensus Algorithm to Streamline Trading

Source: Coinspeaker.com

Cryptocurrencies, blockchains and decentralized exchanges (DEXs) were developed as open-source, community-oriented initiatives where the power is in the hands of its participants, rather than in the hands of a central authority. On the other hand, centralized exchanges (CEXs) – Binance, Coinbase, Kraken – are run by profit-making companies that make revenue from their specified fee structure. Given that there are pros and cons to both CEXs and DEXs, the BEXAM business model approaches the main issues from a different perspective. The project aims to develop a unique platform based on a hybrid model that uses the proof-of-rounds (PoR) consensus algorithm, which increases transactional processing speed while ensuring security and protection of users’ assets. New Consensus Algorithm Enters the World of Blockchain By combining blockchain technology with time-tested concepts from centralized systems, BEXAM is looking to solve current issues happening with…

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Bitcoin Price Analysis: BTC/USD Channel Intact Despite Spike Lower

Bitcoin Price Analysis: BTC/USD Channel Intact Despite Spike Lower
Source: Livebitcoinnews.com

Bitcoin recently made a sharp dip lower but quickly found its way back inside the short-term rising channel on the 1-hour time frame. This suggests that price could still regain ground from here and that bulls are keen on defending the longer-term floors. However, the 100 SMA is crossing below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. These moving averages are also holding as dynamic resistance levels as well. RSI has room to head higher before indicating overbought conditions, but the oscillator seems to be topping out already and looking to move south. Similarly, Stochastic has yet to reach overbought levels but seems ready to move lower, indicating a return in selling pressure. In that case, the price…

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Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading

Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading
Source: Bitcoin.com

Russia is preparing for the long-awaited legislation tailored to regulate its crypto space. According to the latest reports from Moscow, the term “cryptocurrency” has been taken out of the legal texts. Nevertheless, Russians have no reasons to doubt the existence of the decentralized electronic cash. They have many options to get involved in cryptocurrency, regardless of what the law says about it. Also read: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub Report: Revamped Law on Digital Assets Drops ‘Cryptocurrency’ The Russian crypto regulatory framework has been delayed for months. In May, three bills were filed in the State Duma, the lower house of parliament, and were scheduled for adoption in July, as ordered by President Putin himself. However, deputies found it hard to synchronize and compile the drafts into a single legislation – after the first reading…

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Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem
Source: Coindesk.com

LINE, the messaging app giant from Japan, has unveiled plans that will see it launch an ambitious, token-powered ecosystem by the end of 2018. Aimed at capitalizing on the company’s big user base – LINE claims to have more than 160 million monthly active users – the plan is centered around its previously announced LINK token. Supported by a $10 million venture fund and a newly-launched cryptocurrency exchange, LINE has already said that its initiative will focus heavily on the development of decentralized apps, or dApps, that are tied to the LINK blockchain. The plan, as a whole, represents one of the more notable enterprise-level efforts of 2018 to apply blockchain to mainstream use cases. LINE is hoping that its LINK token will serve as the fuel for a wide range of consumer-facing applications, from payments for restaurants and other…

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Mining Firm Bitfury Debuts New ASIC Chip

Mining Firm Bitfury Debuts New ASIC Chip
Source: Bitcoinist.com

Bitfury has announced the release of a new Application-Specific Integrated Circuit (ASIC) chip, as well as a new generation of its Bitcoin mining hardware. The Bitcoin mining firm plans to integrate its new offerings across many of its data centers around the globe. Bitfury’s New Catalog of Bitcoin Mining Hardware The company announced the launch in a blog post published on September 19th. According to the announcement, Bitfury is releasing a new ASIC chip as part of a new catalog of BTC mining hardware. Commenting on the launch, Bitfury CEO Valery Vavilov said: Bitfury is looking at all factors, including silicon packaging, chip efficiency, optimal power distribution, cooling designs and speed of development when designing our mining hardware. We think that this will lead to solutions that deliver the best ROI to our customers — regardless of ASIC size. The new…

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Credit Card Cartels Landed With $6.2 Billion Bill

Credit Card Cartels Landed With $6.2 Billion Bill
Source: Bitcoin.com

Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Also read: Raising the Dead: Is Bitcoin Cash Fiat Currency? Visa and Mastercard Cop to Running a Card Cartel Millions of Visa and Mastercard customers enjoy a love-hate relationship with their credit card provider. While the ability to buy goods on credit is undoubtedly convenient, the hidden charges, sporadic service interruptions, and security risks all take their toll. They’re not alone: merchants are equally weary of Visa, Mastercard, and their punitive fees. Unlike the helpless customers, however, the merchants have the ability to do something about it. Shares in JP…

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The Faith in Bitcoin is Strong: 55% of Bitcoin Held in Multimillion Dollar Wallets

The Faith in Bitcoin is Strong: 55% of Bitcoin Held in Multimillion Dollar Wallets
Source: Livebitcoinnews.com

More than half of the total market capitalization of Bitcoin is held in wallets which hold over 200 coins (roughly around $1.25 million). This signals for serious faith in the world’s leading cryptocurrency, according to a new research. #HODL! According to new research by Diar, over 55 percent of Bitcoin’s total supply is held in wallets which contain over 200 units. Moreover, one-third of those wallets have never made an outgoing transaction, including during the price’s peak at the end of 2017 and the beginning of 2018, indicating strong faith in Bitcoin by those investors. The research also shows that upwards of 87 percent of all Bitcoins are stored in wallets which hold over 10 units, accounting for a little less than $100 billion of the total market cap. Interestingly enough, only 0.7 percent of all Bitcoin addresses hold these coins….

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LEXIT launches token sale software solution LexICO

Source: Cryptoninjas.net

LEXIT, a distributed IP and M&A marketplace powered by blockchain today announced the launch of LexICO, a crowdsale solution for projects of all sizes. LexICO aims to offer founders a full solution to run their crowdsale, allowing… LEXIT launches token sale software solution LexICO

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Texas Regulators Shut Down Three Cryptocurrency Scams

Texas Regulators Shut Down Three Cryptocurrency Scams
Source: Dailysatoshi.com

The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes. The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an The post Texas Regulators Shut Down Three Cryptocurrency Scams appeared first on CCN The post Texas Regulators Shut Down Three Cryptocurrency Scams appeared first on Your Daily Satoshi.

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Crypto Exchange Zaif Hacked In $60 Million, 6,000 Bitcoin Theft

Crypto Exchange Zaif Hacked In $60 Million, 6,000 Bitcoin Theft
Source: Coindesk.com

Yet another Japan-based cryptocurrency exchange has been hacked with a loss of total 6.7 billion yen, or $60 million worth of cryptocurrency, including 6,000 bitcoin. The exchange, called Zaif, operated by Tech Bureau and a licensed exchange in Japan, said on Thursday that the exchange first noticed unusual funds outflow on the platform around 17:00 Japan time on Sept. 14, after which the company suspended asset deposit and withdrawal services.. Tech Bureau further explained that after further investigation, it discovered the unauthorized access to the exchange’s hot wallets had stolen a total of $60 million worth of cryptocurrency in bitcoin, bitcoin cash, and MonaCoin. At the moment, however, the amount of bitcoin cash stolen remains unknown. The exchange added that since its own asset reserve is currently at around 2.2 billion yen (or $20 million), it has reached an agreement…

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Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade
Source: Bitcoin.com

Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions shutting down accounts of brokers trading cryptocurrency without merit. Also read: Zimbabwe’s Golix Battles To Grow Volume After Breaking Into Seven African Countries Banks Probe To Fish Out Monopolistic Practices The Administrative Council for Economic Defense (CADE) said on September 18 that it had started a probe of six of Brazil’s biggest banks for alleged malpractice in the trade of cryptocurrencies. According to a report by Reuters, the Brazilian transparency and competition body is looking into allegations of “monopolistic practices” within the cryptocurrency industry “that could be limiting the action of brokers.” “In fact, the main banks are imposing restrictions or even prohibiting … access to the…

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Bitcoin Core Developers Issue Emergency Update for Denial-of-Service Flaw

Bitcoin Core Developers Issue Emergency Update for Denial-of-Service Flaw
Source: Themerkle.com

Keeping a cryptocurrency safe and secure from harm is a full time responsibility. Even in the case of Bitcoin, new flaws can be discovered after nearly 10 years of ongoing development. One such issue has been disclosed earlier this week, as it caused a denial-of-service issue with Bitcoin Core 0.16.2. The Bitcoin Core DoS Issue In the world of cryptocurrency, denial-of-service incidents are rather uncommon. Although it is possible to completely cripple smaller-cap blockchain projects with some effort, one would not necessarily expect such issues to present themselves where top currencies are concerned. In the case of Bitcoin, it seems such a vulnerability has been present for quite some time now. Ever since Bitcoin Core client version 0.14.0 was introduced a while ago, there has been a denial-of-service vulnerability lurking within the code. Until this week, that problem went by…

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Remember Paragon? ‘Revolutionizing Cannabis With Blockchain’ Token Down 96%

Remember Paragon? ‘Revolutionizing Cannabis With Blockchain’ Token Down 96%
Source: Bitcoinist.com

Paragon, the outfit which raised over $70 million in an ICO to build a “social network of cannabis startups,” has lost 96 percent of its market cap. Doing Nothing With Blockchain Perhaps the latest example of the “irrational exuberance” of the 2017 ICO rush, Paragon (PRG) 00, which had the backing of US rapper The Game and an infamous video to match, currently has a token market cap of just $2.7 million. The project was the brainchild of Jessica Versteeg, aiming to use Blockchain to grapple with the patchwork legality of cannabis in the US and even change governmental approaches to the industry. Now, one year on from the ICO, social media users are drawing attention to the seeming lack of activity on the part of Paragon’s developers. Re-uploading the publicity video featuring The Game and Versteeg, Cinnober cryptocurrency lead…

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NYU Offers First Crypto Major in US, Sees Exponential Increase in Interest

NYU Offers First Crypto Major in US, Sees Exponential Increase in Interest
Source: Dailysatoshi.com

New York University, a prestigious college found in 1831, has started to offer the first crypto major course in the US. Adjunct professor Andrew Hinkes told CBS New York in an interview that the institution is helping students understand both the legal and the business implications of crypto and blockchain technology. Hinkes said: “We hope The post NYU Offers First Crypto Major in US, Sees Exponential Increase in Interest appeared first on CCN The post NYU Offers First Crypto Major in US, Sees Exponential Increase in Interest appeared first on Your Daily Satoshi.

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Rivetz Enables Blockchain Mobile Security for the Masses

Rivetz Enables Blockchain Mobile Security for the Masses
Source: Themerkle.com

Individuals in the crypto space are prime targets for hackers and cybercriminals across the globe. As such, it’s of the utmost importance to maintain iron-clad security in all regards – especially when initiating transactions on mobile devices. Rivetz is an industry leader in simpler and safer cybersecurity powered by blockchain technology. The firm plans to change the field by providing built-in security protocols to mobile users at all levels, from enterprises to individuals. Rivetz showcased their latest mobile security innovation, dubbed Dual Roots of Trust, at Mobile World Congress Americas earlier this month. Dual Roots of Trust secures private keys with a two-pronged approach, distributing a user’s private key between the mobile device’s carrier SIM card the Trusted Execution Environment (TEE) using advanced cryptographic methods. The TEE is a secure enclave already built into millions of devices. Users maintain full…

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Finova Financial to use Polymath for planned Security Token Offering

Source: Cryptoninjas.net

Polymath, a blockchain protocol that makes it easy to create security tokens, announced today a strategic investment in Finova Financial, a digital financial services provider. Polymath joins Jeremy Gardner from Ausum Ventures and many another leading blockchain/crypto… Finova Financial to use Polymath for planned Security Token Offering

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Storm Token Loyalty Program — September UpdatePart I of IV of the Storm Loyalty Program is now…

Storm Token Loyalty Program — September UpdatePart I of IV of the Storm Loyalty Program is now complete.Hi, Storm Community:Part One of Storm’s 4-Part Loyalty Program is now complete. We were able to give away a total of 229,810,097 Storm Tokens. We congratulate all of the Loyal Supporters on their participation this round and we look forward to seeing you in the coming bonus phases as well!Did you miss this round’s registration period or did not qualify for Part One? Do not worry! Register now and you’ll be ready for the upcoming bonus. If you registered previously, you do not have to register again.Keep an eye out for future blog posts and our Loyalty Program website as more information comes available.June 7th, 2018 — CompleteDecember 7th, 2018June 7th, 2019December 7th, 2019Thanks and the next bonus round is coming up soon! Make sure you’ve signed up at the Loyalty Program website!The…

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Breaking Crypto-Summit Stereotypes — Consensus: Singapore 2018

Breaking Crypto-Summit Stereotypes — Consensus: Singapore 2018
Source: Bitcoinist.com

A New Global Arena Initially a hub for blockchain, cryptocurrency, and blockchain-related projects for North America, this year’s second edition of Consensus is taking place in Singapore. Whilst attracting more than 8,000 attendees, with more than 50% of those being from outside of the United States, Consensus Singapore 2018 aims to become an answer to the growing global demand for specialized content and enhanced networking opportunities to satisfy the evergrowing appetite for development of the blockchain-related markets. Along with TechXLR8 Asia, CoinDesk — the conference’s organizer —is proud to introduce projects like 5G Asia, NV & SDN, the AI Summit, and Project Kairos Asia. Across 2 days of powerful insights, industry announcements, and cross-industry networking opportunities, Consensus Singapore will feature 75+ leading speakers, with 50+ top-tier sponsors. Pretty much everyone who’s anyone in the cryptocurrency space, from startups to investors,…

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