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Lyn Ulbricht Describes Life for Ross in Prison, Updates Us on His Case
Lyn Ulbricht, mother of convicted Silk Road administrator Ross Ulbricht, sat down with Bitsonline this week to give us the latest on his case. His family and friends are refusing to give up the fight against his conviction and life-without-parole sentence, in a case that could have far wider implications for everyone’s right to privacy on the internet.
Also see: The Struggles of Banking the Legal Cannabis Industry: Fourth Corner Credit Union’s Mark Goldfogel
Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts
Ross Ulbricht and Family Do It Tough, but There’s Still Plenty of Hope
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Ross was imprisoned in New York State (where he was convicted) for almost four years before being transferred to Colorado — a surprise move that eventually uprooted Lyn herself, in order to maintain regular in-person visits. Ross himself has since been sent to a maximum security facility, where he keeps going by studying and staying in touch with the outer world where possible.
“He’s doing amazingly well. He inspires me to keep going, he’s very strong mentally and emotionally,” Lyn says.
The case, which may eventually go before the Supreme Court, concerns an individual’s right to privacy on the internet under the Fourth Amendment. To what extent can the government snoop on your internet traffic to build digital profiles and collect evidence — even without probable cause or a warrant?
Right now, Lyn says, there are no restrictions on the federal government doing this. And regardless of what it feels are individual citizens’ rights, internet usage data can be used to blackmail or intimidate public officials at all levels too.
The Supreme Court is currently hearing the similar Carpenter case, and wants to deal with that before considering Ross’ case again.
Where’s the Justice? Or Even the Crime?
Ross’ conviction itself may not be up for argument here. That’s despite the various injustices surrounding the whole affair — including two federal agents who are currently serving prison time for corrupt conduct during, and attempts to profit from, the investigation.
There’s also the constant media meme that Ross was guilty of “murder for hire” crimes, for which he was never tried but are often used to smear darkness on an otherwise non-violent character.
Lyn Ulbricht’s anguish and outrage is as understandable as the shock of finding a beloved son accused of, and then railroaded at high levels for, such a crime. The nature of government and the cryptocurrency community, like many others surrounding new technologies, produces many unintentional activists.
To hear the latest updates and find how Ross passes the time in maximum security, watch the whole interview.
Should Ross Ulbricht be freed, or at least have his sentence reduced? Let’s hear your thoughts in the comments.
Images and video via FreeRoss.org, Jon Southurst
Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline
The post Lyn Ulbricht Describes Life for Ross in Prison, Updates Us on His Case appeared first on Bitsonline.
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LockTrip: The End Of Booking.com?
The revolution every traveler has been waiting for is well underway with the announcement of LockChain’s rebrand to LockTrip. With the community expressing concern over the brand’s ability to resonate with the appropriate target audience, the team engaged in extensive consultations to land on LockTrip.
With this rebrand not only have the team shown their willingness to engage with the community but also through the process their professionalism.
Hey There LockTrip
LockTrip is the future of travel. Built on the blockchain, it is a decentralized open source booking system.
With an integrated marketplace that enables hoteliers and property owners to rent, manage bookings and collect payments this ecosystem is set to change the game!
Sounds familiar? Well, it is, because its pretty much the Booking.com of the blockchain world. But with one huge difference for users: 0% commissions to middlemen.
When marketplaces like Booking.com and Uber emerged they revolutionized the service industry. By creating a centralized platform for providers to sell their services they transformed their respective fields.
However, there is a huge drawback with these platforms: their high transaction fees. When you order a room on Booking.com a substantial percentage of that goes to Booking.com – that’s how they make their money.
But with blockchain, these transaction fees can be cut to almost nominal amounts!
What that means is hoteliers and property owners can sell their rooms on the platform for 20% lower prices without affecting their profits. Meaning cheaper rooms for you and bad news for Booking.com.
Ask NEO Why Rebranding is a Huge Deal
When Antshares was hovering around the $7 mark the team rebranded. After that rebrand, the coin skyrocketed to over $50 a token. That coin is NEO. Although since its all-time high of $160, it took a hit during the crypto bloodbath that was the first quarter of 2018, its currently $71. Evidence enough that when done right rebranding can be the catalyst for a great project to realize its potential.
Like NEO, LockTrip with this rebrand is set for a rapid price ascent. Because above everything else this project makes so much sense.
Now is the Time to Invest in LockTrip
Wouldn’t it be great if you could have been one of the early backers of Booking.com or Uber? Hindsight is 20-20 and if I had known I would have put every single penny into it. I am guessing you would have too!
But why lament those missed opportunities when you can still grab them? What if you can buy into Booking.com at those early rates?
Well, you can and you should! Because that is what LockTrip gives you!
With this rebrand, the project is set to hit new heights. It already has a live product—with 100,000 hotels signed up—and in less than a month (25th of May) its fully functional Android and iOS app will be launched.
For more on the project visit locktrip.com and join their Telegram group.
Images courtesy of LockTrip
The post LockTrip: The End Of Booking.com? appeared first on Bitcoinist.com.
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Bitcoin Price Weekly Analysis – BTC/USD Could Break $10,000
Key Points
Bitcoin price remains in a decent uptrend with supports at $9,200 and $8,600 against the US Dollar.
There is a key bullish trend line in place with support at $9,150 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to move further higher and it could soon break the $10,000 hurdle in the near term.
Bitcoin price is moving nicely above the $8,600 support against the US Dollar. Going forward, BTC/USD is poised to extend gains above $10,000 and $10,500.
Bitcoin Price Trend
This past week, bitcoin price gained traction and traded towards the $9,800 level against the US Dollar. It traded as high as $9,742 before sellers appeared. Later, a downside correction was initiated and the price declined below the $9,500 and $9,200 support levels. The price even broke the 23.6% Fib retracement level of the last leg from the $7,786 low to $9,742 high. Finally, there was a spike below the $9,000 level before buyers reappeared.
BTC price tested the 61.8% Fib retracement level of the last leg from the $7,786 low to $9,742 high to complete a correction pattern. It started an upside move and moved back above $9,000. Buyers also succeeded in breaking a connecting bearish trend line with resistance at $9,200 on the 4-hours chart of the BTC/USD pair. It seems like the pair is back in an uptrend above $9,200, and it could accelerate gains towards $9,750. More importantly, the price may perhaps break the all-important $10,000 level to trade to a new monthly high.
Looking at the chart, there is a key bullish trend line in place with support at $9,150. Therefore, if the price corrects lower from the current levels, then $9,200, $9.150 and $9,000 levels are likely to prevent declines.
Looking at the technical indicators:
4-hours MACD – The MACD for BTC/USD is back in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI is moving higher towards the 65 level.
Major Support Level – $9,150
Major Resistance Level – $9,750
The post Bitcoin Price Weekly Analysis – BTC/USD Could Break $10,000 appeared first on NewsBTC.
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France Slashes Cryptocurrency Taxes in Half
France is to tax gains from cryptocurrency sales as capital gains of “movable property.” The country has moved to reduce the rates from up to 45% to a flat 19%.
A Bit of History
Earlier this year, the High Administrative Court of France was seized on behalf of several taxpayers, challenging the instituted regimen, in force since July 2014, related to taxation of bitcoin and other cryptocurrency-related transactions.
Under the aforementioned tax legislation, gains from the sales of cryptocurrencies used to be considered commercial and industrial profits, in the event of usual and continuous activity, and as non-commercial profits in the events of occasional activity. With this categorization, taxpayers were subjected to different rates which could get to as much as 45%.
High Taxes No More
As reported by French media Le Monde, the Council of State has moved to rule partially in favor of the claimants under the above case. The institution has decided to reconsider the way gains stemming from the sale of cryptocurrencies are regulated and it now sees them as profits made of “movable property”.
This means that they are to be taxed with a flat rate of 19%, which is substantially lower than the previous position, even if you add the Generalized Social Contribution (CSG) of up to 17.2%.
Exceptions Exist
The Council of State also communicated that there would be “certain circumstances specific to the transaction of crypto assets which may imply that they fall under provisions relating to other categories of income”.
In other words, if the capital gains have resulted from activities other than cryptocurrency-related sales but “bitcoin mining”, for example, they would fall under the category of commercial and industrial profits under the previous regimen, irrespective of whether or not the activity was occasional. Hence, these profits will be taxed at the higher rate of 45%.
Late last year, the head of AMF (France’s stock market regulator Authorité des Marchés Financiers) expressed his positivity towards the crypto field, stating that it could fulfill a legitimate business need. However, the country’s overall attitude has changed multiple times over the course of the last few months. We saw the Governor of the Bank of France calling for a higher emphasis on crypto exchanges.
Could France’s recent move to slash crypto taxes in half mean that it’s loosening up on the crypto field? Please let us know in the comments below!
Images courtesy of Pexels; Pixabay; Bitcoinist Archives
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Ethereum Price Weekly Analysis – ETH/USD Eyes Upside Break
Key Highlights
ETH price completed a downside correction near $600 and recovered against the US Dollar.
There is a monster bullish trend line formed with support at $660 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair remains in a major uptrend and it is likely to accelerate above the $714.52 high in the near term.
Ethereum price is trading with a positive angle versus the US Dollar and Bitcoin. ETH/USD eyes further upsides and a break to a new monthly high.
Ethereum Price Support
There were swing moves this past week above $600 in ETH price against the US Dollar. The price traded as high as $714.52 before starting a downside correction. It faced a strong selling interest, which pushed the price below the $680 and $640 support levels. There was also a break below the 23.6% Fib retracement level of the last bullish wave from the $486 low to $714. It opened the doors for more losses and the price tested the $600 support zone.
However, losses were protected by the $600 support zone. More importantly, a monster bullish trend line with current support at $660 on the 4-hours chart of ETH/USD also acted stopped losses. The pair jumped higher once again and moved above $640 and $660. It is currently trading near the $695 level and it seems like the price may continue to grind higher. The current price action is positive above $660 and a break above $700 is required for more gains. A successful break above the $700 level may call for a push above the $714.52 level in the near term.
The above chart also indicates that the price remains supported above $660. A break below $660 may call for a downside push towards the $620 level.
4-hours MACD – The MACD is back in the bullish zone.
4-hours RSI – The RSI is currently moving nicely with a positive angle above the 55 level.
Major Support Level – $660
Major Resistance Level – $714
The post Ethereum Price Weekly Analysis – ETH/USD Eyes Upside Break appeared first on NewsBTC.
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St. Louis Federal Reserve Bank: 3 Qualities Bitcoin and Cash Share
The Federal Reserve Bank of St. Louis has expressed its stance on Bitcoin, laying out three qualities that it shares with cold, hard cash.
Earlier this year, the US Internal Revenue Service (IRS) reminded that cryptocurrency transactions are to be taxed just like transactions of any other property. The same release, though, sets a few questions, as the tax collector explains that virtual currencies (not just Bitcoin) function in the same manner as traditional currencies while, at the same time, treating it as property for tax purposes.
St. Louis’ Federal Reserve Bank, however, seems to be a bit more definitive in its statements. In a blog post shared on the bank’s official website, it goes on to outline three distinct similarities between Bitcoin and conventional cash.
Lack of Intrinsic Value
What has no intrinsic value? Both bitcoin and the cash in your wallet. Learn other qualities they share https://t.co/uxwWMHieVS
— St. Louis Fed (@stlouisfed) April 27, 2018
Starting off, the blog post outlines that bitcoin nor cash have any intrinsic value. The bank says that there is a serious and ongoing debate about the characterization of bitcoin and that in no instance does it have any value on its own.
Digital currencies exist as data. The cash in your wallet exists as a blend of 75 percent cotton and 25 percent linen. Neither is inherently valuable.
The statement that data on its own has no essential value raises a few eyebrows, to say the least. As a matter of fact, the issue of data protection is becoming a hot topic in the last few years, especially when it comes to information shared on the Internet. Why would we urge to protect something so rigorously, if it has no inherent value?
Supply is Limited
In order for any currency to maintain its value, its supply needs to be limited in a way. That’s called scarcity. Think of it this way, if you had a dollar and there were only ten dollars in circulation, you’d be holding 10% of the world’s monetary supply. However, if there were trillions of dollars, you’d hold…, well, you get the point.
The blog post goes on to make a case that while the Fed can increase or decrease the monetary base, it doesn’t print money. As of March 21, there was about $1.63 trillion in circulation. $1.59 trillion of it was in issued Federal Reserve notes. Call that scarcity.
Bitcoin, on the other hand, has a cap. It’s not tied to any bank, reserve or institution. It’s capped to 21 million bitcoins which could ever be mined and that’s it. It does seem a bit more on-point on the whole scarcity thing, doesn’t it?
No Middleman
That’s the last point that the Federal Reserve Bank of St. Louis seems to be making.
Cash requires no intermediary to process a transaction. Unlike paying with a credit card or an app, no third party adjusts your account.
There’s no denying that. However, the question remains – when was the last time the FRB of St. Louis issued a $100 million payment in cash? While small-scale, in-person transactions have no issues being carried out without a middleman, the world has become far more complex than that. Not to mention that if one wants to transfer money to another state, country, or continent, if you will, one has to do so using an intermediary of some sort. While the argument can be made that this middleman could be avoided, for the sake of keeping our feet firm on the ground, let’s remain realistic.
Bitcoin, on the other hand, at its essence is intended to be:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
– Bitcoin whitepaper
Do you agree with the Federal Reserve Bank of St. Louis comparison between cash and bitcoin? Please let us know in the comments below!
Images courtesy of Shutterstock, Wikimedia Commons
The post St. Louis Federal Reserve Bank: 3 Qualities Bitcoin and Cash Share appeared first on Bitcoinist.com.
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Bitcoin Cash Price Weekly Analysis – BCH/USD Remains in Uptrend
Key Points
Bitcoin cash price corrected lower and tested a major support at $1,240 against the US Dollar.
There is a major bullish trend line forming with support near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair remains in an uptrend and it could soon break the $1,500 resistance for more gains.
Bitcoin cash price is bullish above $1,300 against the US Dollar. BCH/USD may continue to grind higher in the near term towards $1,500 and $1,600.
Bitcoin Cash Price Trend
After a solid rally, bitcoin cash price topped around the $1,576 level against the US Dollar. A downside correction was initiated and the price moved below the $1,500 level. The price also declined below the 23.6% Fib retracement level of the last upside leg from the $1,030 low to $1,576 high. It opened the doors for a larger correction and the price even broke the $1,300 support level.
However, the decline was protected by the $1,240-50 zone. Moreover, the 61.8% Fib retracement level of the last upside leg from the $1,030 low to $1,576 high also acted as a support. The downside move found support around $1,240. A base was formed and the price resumed its uptrend. It is now back above the $1,400 resistance and is trading in a bullish zone. There is also a major bullish trend line forming with support near $1,320 on the 4-hours chart of the BCH/USD pair. The pair remains well supported on the downside around the $1,320-40 levels.
Looking at the chart, it seems like the price may continue to move higher and it could soon break $1,500. A successful break above $1,500 may perhaps clear the path for a new high above $1,575 in the near term.
Looking at the technical indicators:
4-hours MACD – The MACD for BCH/USD is slowly moving back in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 55 level.
Major Support Level – $1,320
Major Resistance Level – $1,500
The post Bitcoin Cash Price Weekly Analysis – BCH/USD Remains in Uptrend appeared first on NewsBTC.
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Hodl in the Codl: Business is Booming for Ugly Bitcoin Christmas Sweaters
Hodlmoon is making ugly Christmas sweaters a year-round fashion statement with their own “ugly cryptocurrency sweaters”, and the company says business is booming.
Implementing Sweaters On the Blockchain
UglyChristmasSweater.com is one of a multitude of companies to venture into the cryptocurrency space lately, but not in the traditional sense. The sweater company’s spinoff firm, Hodlmoon, launched in October of last year and has been a hit among cryptocurrency enthusiasts.
The fully-knit sweaters are adorned with the logos of popular cryptocurrencies such as bitcoin, Ethereum, and Litecoin and retail for $59 each. Hodlmoon has reportedly sold over 2,000 sweaters and raked in an astonishing $200,00 in sales in 2017 alone.
Initial Cloth Offering
Zac Cohen was working as a web developer for UglyChristmasSweater.com when the idea came to him. After investing $100 in bitcoin in 2013, Cohen watched as the price per coin soared and resulted in unbelievable returns.
He explained his reasoning for the decision, comparing the cryptocurrency to gold. Similarly to the precious metal bitcoin has a limited and finite supply. With this knowledge, buyers expect the value of bitcoin to increase while the supply decreases.
“I was just like, I’m going to buy one so I can say I have one of 21 million,” Cohen said.
He watched the mainstream media focus on the soaring price of bitcoin last summer, ensuring that almost everyone had been exposed to the concept of cryptocurrencies. As BTC prices increased exponentially, it prompted a buying frenzy and drove the price even higher.
Cohen saw an opportunity amidst the fervor, but not in any cryptocurrency itself. He approached the owners of UglyChristmasSweater.com, brothers Fred and Mark Hajjar, where he pitched bitcoin themed ugly sweaters.
The brothers created a spinoff of their company and gave Cohen creative control, dubbing it Hodlmoon. “Hodl” is a term in the cryptocurrency community that means to hold onto holdings and resist selling, even if the price slides.
I'm starting to get tired of the seemingly never ending snow… The upside however: It doesn't feel too weird to keep wearing @hodlmoon's cozy crypto sweaters

#ethereum #lookoftheday pic.twitter.com/NIFpRuzCuZ
— Tam

L. Suong Nguyet (@cryptoFeminist) March 22, 2018
#NewProfilePic pic.twitter.com/bsc1iG5dzx
— Dmitry Buterin (@BlockGeekDima) December 15, 2017
Even months after the holiday season, people are sporting their Hodlmoon sweaters. Even Vitalkik’s Buterin father, Dmitry, shows off the Ethereum-themed sweater in support of his son.
Cohen says the passion of the crypto community is what attributed to the success of the company. Hodlmoon accepts credit or cryptocurrency, of course, as payment and hopes to maintain their astounding revenue.
Do you have a Hodlmoon sweater? Would you wear a sweater with your favorite cryptocurrency on it? Let us know what you think in the comments below!
Pictures courtesy of Twitter and Pixabay
The post Hodl in the Codl: Business is Booming for Ugly Bitcoin Christmas Sweaters appeared first on Bitcoinist.com.
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LEEKICO Helps Blockchain Network Connectivity Project NKN to Close Successful Crowdfunding
April 26th, 2018 – Sydney, Australia – LEEKICO, a one-stop-service ICO platform, successfully supported NKN, a project aiming to rebuild the Internet that will be truly open, decentralized, dynamic, safe, shared and owned by the community, to complete its highly anticipated token sale on April 19th, 2018. With LEEKICO’s support, NKN collected a total of ETH 24,100.
NKN’s early bird sale, which was only opened to participants who were previously whitelisted for the project, started on April 2nd and was completed on April 8th. The main ICO took place on April 19th and collected 70% of the hard cap in the first 3 minutes, with the cap reached shortly after.
LEEKICO supported NKN in both stages of the ICO, managing the KYC (Know Your Customer) whitelisting during the first stage and the crowdfunding during the second. Thanks to LEEKICO’s service and marketing support, the project managed to reach 2,000 participants, and generate over 9,000 new sign-ups to LEEKICO’s platform and deliver over 15,000 visitors per second to the project’s website at its peak.
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self-incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work.
NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next-generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.
“NKN intends to revolutionize the entire network technology and business. We want to be the Uber or Airbnb of the trillion-dollar communication service business, but without a central entity” Said Yanbo Li, founder and core developer of NKN. “We aspire to free the bits, and build the Internet we always wanted, and we could not have found a better partner than LEEKICO to help us run the token sale while we focus on developing our vision.”
NKN is an open source community-driven blockchain project, where the team members join on a voluntary basis. The project is spearheaded by experienced blockchain, network and computing specialists including Yanbo Li, previously co-founder of Onchain, and eminent advisors such as Whitfield Diffie, winner of the 2015 Turing Award.
The LEEKICO platform allows project teams to focus on developing their solution and technology by taking care of the ICO process. LEEKICO applies strict KYC (Know-Your-Customer) and region restriction policies and works with compliance agencies on top of its rigorous due diligence process to ensure a successful token sale. The LEEKICO team thoroughly reviews each project team, solution, and plans, before giving them access to its friendly customer support team, marketing and promotional resources, as well as its network of over 30,000 users in 40 countries.
LEEKICO is extremely experienced in managing both private sales and crowdfunding and has successfully supported a number of projects including IPFS, Singularitynet, Qash, INS, Cybermiles before NKN.
LEEKICO is currently supporting the upcoming ICO of Shivom (www.shivom.io), a new blockchain project aiming to provide a platform where individuals can ‘donate’ their genomic data for use by researchers, securely store and control who accesses the information, and earn rewards as a result.
About LEEKICO
LEEKICO shares the belief of asset decentralization and commits to promoting the wave of global cryptocurrency start-up companies. LEEKICO aims to build an initial coin offering platform with ensured security, integrity, fairness and transparency for both start-up companies and investors. LEEKICO provides cryptocurrency and blockchain start-up companies with crowdfunding services, and provides investors with comprehensive cryptocurrency consulting services, pre-ICO, and post-ICO management service. Both start-up companies who are planning to go through an ICO process and investors who are involved in ICO projects will enjoy the best experience with LEEKICO’s one-stop service provided by the LEEKICO platform.
http://leekico.com/
About NKN
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. The NKN Foundation is registered in Singapore.
https://www.nkn.org/
Images courtesy of NKN
The post LEEKICO Helps Blockchain Network Connectivity Project NKN to Close Successful Crowdfunding appeared first on Bitcoinist.com.
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5 Reasons to Invest in Paymon
Paymon is an IT-company devoted to improving blockchain technologies. After the first round of ICO on March 5, the startup took up developing its own blockchain and cryptocurrency: PMNC (Paymon Coin). At the moment, Paymon is conducting the second round of ICO that ends on May 3. So, here are 5 reasons why it is worth investing in this project.
The Team is Open, Innovative & Dynamic
The Paymon team is young, ambitious and open to its investors and users. These students from Russia came together not for ICO, but for the project. They’ve been working together as a team for two years, and it’s easy to get to know them personally. They take part in blockchain-conferences, and aren’t afraid to show their faces and names on social media. It’s easy to find out about each member of the team on the Paymon website or social media.
The Improved Blockchain is disruptive
This new blockchain is called Hive. This is the Directed Acyclic Graph, on which the new cryptocurrency will be based. With Hive it will be possible to make transactions without any fees or long delays in confirmation. The blockchain will make it simple for users of the network to be a part of the system. Instead of miners, the users themselves will confirm the transactions. Hive will also include smart-contracts and cross-chain. All the exchanges will be based on atomic swaps, the main purpose of which is to maximize the simplification and concentration of all the possibilities for exchanging different cryptocurrencies within a single platform. So, each businessman who will use PMNC will be able to exchange it to any other cryptocurrency inside Paymon. Revolutionary features of the Hive have given Paymon a unique ability to increase speed, quality, and security of the network with each new user and each transaction.
Strong Community & Advisers
Paymon already has loyal users, a vast community, as well as strong support from its advisers and notorious people of the industry. Here are some important names:
Soslan Sozaev is the endorsement of Paymon. He is a Senior in a multinational financial audit and advisory firm Ernst&Young, the cryptocurrency expert and also an experienced professional in financial advisory of ICO projects.
George Gogoladze is also Paymon’s endorser. He is a businessman and a professional quantitative trader from Georgia. He is advising the team on the work with exchanges.
Victor Chow is a renowned ICO Adviser. He was a former senior corporate leader in venture capital, start-ups, telecommunications, ICT, financial and blockchain technologies. For over 28 years, Victor has held CXO positions across general management, strategic planning, business development, sales, marketing and global operations management in Asia Pacific, Europe and North America. He was the previously the founding CEO of InspiraAsia FinTech Startup Accelerator, and Head of Asia Operations for Life.SREDA VC. Currently, he is the CEO of an ICO Advisory & Marketing firm.
These are industry people who will never put their names at risk, supporting scam projects.
The Business Platform called Profit
The platform for business, Profit, is an additional option of Paymon. It will give the business owners the resource to receive payments for their goods or services in cryptocurrency instantly. It will open a new direction for the business owners and certainly give them the distinctive competitive advantage among other businesses.
MVP – Paymon Messenger (PM) + Wallet
When the company started ICO, it already had its own Paymon messenger with integrated “cold” wallets. The product became popular quite soon because of the wallet’s safety and got more than 8,000 users. Today, Paymon is developing more pioneering technologies, but PM was the first company’s step to the market, and became proof that the team is able to create a working and innovative product.
There are plenty of people who didn’t catch a chance to invest in such big projects as Ethereum, Litecoin, ext., but they still have an opportunity to invest in Paymon. After all, PMNT (Paymon Token) is not a speculative token, but it is corroborated with real developments. So, as the Paymon technologies and platform Profit advance, the token price will rise, and therefore the PMNC too.
This startup has an exact plan of realization and promotion. It has a professional team, strong community, well-known advisers, all the needed documents for marketing strategy, financial analysis, business growth and lots of remarkable things that make Paymon a great company with trustable, fast and stable development.
Images courtesy of Paymon
The post 5 Reasons to Invest in Paymon appeared first on Bitcoinist.com.
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Start Your Own Online Casino in Less Than 5 Minutes – We Show You How!
You may be quite surprised to learn that starting your very own online casino could take as little as 5 minutes and, getting the ball rolling is a lot easier than you may think. Online casinos are enormously popular with all demographics and internet users. In fact, online casino gambling is the leading form of Internet-based gaming, according to many experts.
So, how hard is it to start your own online casino? According to industry insiders, starting a real money online casino can be quite a headache, with plenty of factors that one needs to take into consideration. For example, there are gaming licenses that need to be applied for, and online casino software providers that need to be partnered with. Not to mention the significant amount of startup and running capital needed to keep the venture alive in its critical first few months.
As it turns out, starting an online casino is actually quite difficult, which is probably why the vast majority of online casinos are part of a network or syndicate. But what if you could be part of a brand new network where all the online casinos that are a part of that network represent an entirely new way of gambling online?
This is where ZeroEdge comes into the picture with an entirely new evolution in online casino gambling. ZeroEdge is the first online casino that is able to offer a range of online casino games, including slots, roulette, blackjack, poker, and more. While that hardly sounds unique in and of itself, the thing that sets ZeroEdge apart from every other online casino on the web is the fact that ZeroEdge is able to offer every one of its online casino games at a 0% house edge.
This essentially means that, unlike all other online casinos, ZeroEdge does not hold any unfair advantage over its players because this casino is not motivated by profits made on player’s losses. Instead, ZeroEdge focuses on making a profit from the sale of its own unique currency called Zerocoin.
Get in On the Ground Floor
The chance to play 0% house edge casino games with an exclusive internet currency is proving to be irresistible with many disgruntled online gamblers, with thousands now moving to ZeroEdge gambling. ZeroEdge is expanding and is giving internet-savvy entrepreneurs the chance to be part of its new 0% house edge online casino network. Since demand is growing, so does the price of Zerocoin, giving you a great opportunity to earn.
ZeroEdge is presenting a white label internet casino solution to anyone interested and the process to get the ball rolling on your very own casino couldn’t be simpler. Just follow these simple steps to initiate the process:
Visit the ZeroEdge Bet website
Fill in the easy application form
Send your Zerocoins to bankroll
That’s all it takes to start your own cryptocurrency based online casino and have it up and running under the ZeroEdge domain in less than 5 minutes. Who said owning an online casino had to be hard work?
Images courtesy of ZeroEdge.Bet
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IBIN Introduces Blockshares to the Blockchain via International Blockshare Identification Number
As the DIM Foundation ventures closer to releasing their new Hybrid Stock Exchange, a trading platform based on blockchain technology, they are all set to adopt innovative features to sustain the needs of the ever-growing industry.
April 25, 2018: Most people that are familiar with the Stock Market are aware of the need of acquiring an ISIN. The International Securities Identification Number (ISIN) is a 12 character code that uniquely identifies a specific security, such as stocks. It is the most popular securities identifier and is used globally.
With the pre-registration for issuers and users soon to be opened, the inaugural DIM Ecosystem introduces the International Blockshare Identification Number (IBIN), a 13 digit, unique serial number used to identify a corporation or organization for listing on the Hybrid Stock Exchange. It will be this unique IBIN that will be used as a reference to buy, sell, trade and hold equity, with all details retained on the Blockchain. Each unique IBIN will function as the reference to buy, sell, trade and hold equity, with all details stored securely on the Blockchain.
The DIM Foundation is a non-profit organization that recently grabbed the attention of the crypto world by creating and distributing the two different versions of the DIM cryptocurrency (DIMCOIN and DIM Currencies). The Data Interchange Module (DIM) cryptocurrency is a p2p, quantity-committed, secure, private and robust digital medium of exchange. DIMCOIN is a speculative digital coin built upon the NEM blockchain protocol. On the other hand, the DIM Currencies serve as a medium of exchange in the DIM Ecosystem.
An online stock exchange, Hybrid Stock Exchange provides the small to medium enterprises a platform where they can engage in online stock and equity exchanges and access international capital from investors. Cryptonized assets such as intellectual property or company shares will be available on the HYBSE platform.
DIM Currencies and cryptonised assets can be managed across the globe via computers and handheld devices with the help of a state-of-the-art blockchain wallet called DEPOTWALLET. The registration process is simple and easy because there is no need to have any banking details to open an account with DEPOTWALLET.
With the mainstream equity markets suffering from downsides such as over-regulation, red-tape, excessive fees and long waiting periods, HYBSE‘s blockchain-based platform looks to eliminate hurdles and allow issuers as well as investors to conduct business on a secure and efficient platform. Lower operational costs, transparency, quick learning, easy web interface, P2P trading, robust security, and the availability of a large pool of financial instruments are some of the many benefits enjoyed by HYBSE users. Tradable securities on HYBSE currently include cryptonized shares, cryptocurrencies, exchange-traded commodities, exchange-traded fund, index, and more.
In the coming weeks, issuers on the DIM Ecosystem will be able to apply and register for their IBIN at no charge. This limited time offer will be available until August 31, 2018. Anyone interested in finding out more may check the DIMCOIN Social Media for the upcoming announcement.
About DIM Foundation
The DIM Foundation is a non-profit organization that is responsible for the creation, management, and distribution of the DIM (DIMCOIN and DIM Currencies) and DIM TOKEN. All the profits received by the foundation will be utilized to further improve the DIM in order to increase its value.
For any questions and information, please visit the DIMCOIN social platforms:
Telegram: https://t.me/dimcoinICO Facebook: https://www.facebook.com/DIMCOINICO/ Twitter: @DIMCOIN_
HYBSE has a license of Dealers in Securities in Vanuatu with the license number 17911.
Images courtesy of DIM Foundation
The post IBIN Introduces Blockshares to the Blockchain via International Blockshare Identification Number appeared first on Bitcoinist.com.
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4 Reasons Why Vitalik Buterin is Boycotting Coindesk’s Consensus 2018
In a series of tweets, Ethereum’s inventor Vitalik Buterin stated that he intends to boycott the 2018 annual blockchain summit organized by Coindesk – Consensus 2018. He went on to outline a few of the reasons for his decision, strongly urging others to do the same.
Buterin wasn’t too kind on Coindesk-organized Consensus 2018 conference, blasting the cryptocurrency news site, tweeting that the platform is “recklessly complicit in enabling giveaway scams.”
I am boycotting @coindesk's Consensus 2018 conference this year, and strongly encourage others to do the same. Here is my reasoning why.
1. Coindesk is recklessly complicit in enabling giveaway scams. See their latest article on OMG, which *directly links* to a giveaway scam. pic.twitter.com/WDr9uZ8XOw
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 26, 2018
Apparently, the first reason for Vitalik’s boycott was the fact that the cryptocurrency news website posted an article, linking directly to a giveaway scam. The link led to a phony site, claiming to be the official blog of OmiseGo and it said that the latter is going to do an airdrop of 0.3 OMG tokens for each token the user owns.
And this is *after* I publicly warned media to be very careful about such things. https://t.co/AxGyapFDAS
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 26, 2018
Buterin goes on to say that this obvious scam went on undetected by the media’s radars, despite the fact that he had previously warned about instances of the kind. His position is that the lack of proper investigation or, in his own their “ignorance/stupidity” further legitimizes “twitter scams.”
It’s worth noting, though, that CoinDesk went on to remove that part of their story, adding that:
UPDATE: This article has been updated to remove a link to a fraudulent website that was misrepresenting OmiseGo in an effort scam users. CoinDesk regrets the error.
Nevertheless, at this point it became obvious that the damage was pretty much done, leading to OmiseGo sharing Buterin’s position in not attending the conference. Their sentiment on the matter was also expressed in an official tweet:
We have decided to join @vitalikbuterin in not attending #Consensus2018. We can’t in good conscience support a publication that puts its readers at risk through careless reporting and reacts with hostility rather than humility when the error is brought to its attention. https://t.co/mXjCj0g5IW
— OmiseGO (@omise_go) April 26, 2018
As a reason number two, ethereum’s founder pointed out the lack of proper coverage of EIP 999.
2. Their coverage of EIP 999 was terrible. They published a highly sensationalist article claiming the chain would split, when it was very clear that EIP 999 was *very far* from acceptance.
This is why pundits need to be replaced by prediction markets, ASAP. pic.twitter.com/6A7OWlx0nR
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 26, 2018
Ethereum Improvement Protocol 999 (EIP-999) was a proposal that would have freed up some 513,000 ETH which were previously frozen in 580 Parity Library Contract wallets after a bug that was written by a developer last year in November. The community went on to vote against the proposal.
CoinDesk covered the event with an article on Wednesday, and, needless to say, Buterin wasn’t really happy with it.
When the piece was first posted, its lead sentence read “Ethereum may be on the brink of a blockchain split.” It has since been changed to the much more hushed “Ethereum appears to be at a notable crossroads on technical direction.”
Buterin’s concerns also include the media’s failure to include the feedback that they had requested from one of Ethereum’s developers Peter Szilagyi.
. @coindesk asked me a few questions about EIP-999, but for some reason didn't add even one of my answers into their piece. Maybe they preferred a more apocalyptic piece, maybe my answers were too late to incorporate. Either way, I spent time writing it, so here ya go. #Ethereum pic.twitter.com/kDVuklNiLU
— Péter Szilágyi (@peter_szilagyi) April 25, 2018
It’s worth noting that the piece has since been updated, including an UPDATE section at the top and linking to the statements of Szilagyi. Yet, Vitalik’s sentiment remains unshaken:
Seriously, is speed really that much more important to you than accuracy?
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 26, 2018
Next, he outlines that CoinDesk’s reporting policies are riddled with “gotchas” and “traps.” Posting a screenshot of the website’s “off the record” policy page, Buterin tweeted:
3. Their reporting policies are designed to trap you with gotchas. Did you know that if you send them a reply, and you explicitly say that some part is off the record, that's explicitly on the record unless you go through a request/approve dance first? pic.twitter.com/8in6ZYSPbR
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 26, 2018
Now, in all fairness, it does seem that Buterin doesn’t seem to have taken his time to research the matter. The page clearly says that if the journalist that is being addressed hasn’t previously agreed for a certain statement to be off the record, it will remain on it.
Therefore, when approaching a journalist with a sentence such as “this is off the record, but I want you to know that…” doesn’t mean that it has to stay off the record as the journalist hasn’t given his consent yet. It’s a common practice adopted in all serious media websites and publications.
Last, ethereum’s founder bashes the price of the Consensus 2018:
4. And by the way, the conference costs $2-3k to attend. I refuse to personally contribute to that level of rent seeking.
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 26, 2018
Price is always a subjective matter, so whether or not it’s high is left for the atendees to decide.
Do you think Buterin is right to call for a boycott of CoinDesk’s Consensus 2018? Please let us know in your comments below!
Images courtesy of Flickr, Shutterstock, Twitter
The post 4 Reasons Why Vitalik Buterin is Boycotting Coindesk’s Consensus 2018 appeared first on Bitcoinist.com.
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LEEKICO Helps NKN Project Close Successful Crowdfunding
April 26th, 2018 – Sydney, Australia – LEEKICO, a one-stop-service ICO platform, successfully supported NKN, a project aiming to rebuild the Internet that will be truly open, decentralized, dynamic, safe, shared and owned by the community, to complete its highly anticipated token sale on April 19th, 2018. With LEEKICO’s support, NKN collected a total of ETH 24,100.
This is a press release provided by LEEKICO
NKN’s early bird sale, which was only opened to participants who were previously whitelisted for the project, started on April 2nd and was completed on April 8th. The main ICO took place on April 19th and collected 70% of the hard cap in the first 3 minutes, with the cap reached shortly after.
LEEKICO supported NKN in both stages of the ICO, managing the KYC (Know Your Customer) whitelisting during the first stage and the crowdfunding during the second. Thanks to LEEKICO’s service and marketing support, the project managed to reach 2,000 participants, and generate over 9,000 new sign ups to LEEKICO’s platform and deliver over 15,000 visitors per second to the project’s website at its peak.
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self-incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work.
NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.
“NKN intends to revolutionize the entire network technology and business. We want to be the Uber or Airbnb of the trillion-dollar communication service business, but without a central entity” Said Yanbo Li, founder and core developer of NKN. “We aspire to free the bits, and build the Internet we always wanted, and we could not have found a better partner than LEEKICO to help us run the token sale while we focus on developing our vision.”
NKN is an open source community-driven blockchain project, where the team members join on a voluntary basis. The project is spearheaded by experienced blockchain, network and computing specialists including Yanbo Li, previously co-founder of Onchain, and eminent advisors such as Whitfield Diffie, winner of the 2015 Turing Award.
The platform allows project teams to focus on developing their solution and technology by taking care of the ICO process. LEEKICO applies strict KYC (Know-Your-Customer) and region restriction policies and works with compliance agencies on top of its rigorous due diligence process to ensure a successful token sale. The LEEKICO team thoroughly reviews each project team, solution and plans, before giving them access to its friendly customer support team, marketing and promotional resources, as well as its network of over 30,000 users in 40 countries.
LEEKICO is extremely experienced in managing both private sales and crowdfunding and has successfully supported a number of projects including IPFS, Singularitynet, Qash, INS, Cybermiles before NKN.
The company is currently supporting the upcoming ICO of Shivom (www.shivom.io), a new blockchain project aiming to provide a platform where individuals can ‘donate’ their genomic data for use by researchers, securely store and control who accesses the information, and earn rewards as a result.
About LEEKICO
LEEKICO shares the belief of asset decentralization and commits to promoting the wave of global cryptocurrency start-up companies. LEEKICO aims to build an initial coin offering platform with ensured security, integrity, fairness and transparency for both start-up companies and investors. LEEKICO provides cryptocurrency and blockchain start-up companies with crowdfunding services, and provides investors with comprehensive cryptocurrency consulting services, pre-ICO, and post-ICO management service. Both start-up companies who are planning to go through an ICO process and investors who are involved in ICO projects will enjoy the best experience with LEEKICO’s one-stop service provided by the LEEKICO platform.
http://leekico.com/
About NKN
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. The NKN Foundation is registered in Singapore.
https://www.nkn.org/
Image via LEEKICO
This is a sponsored press release, provided by LEEKICO. Bitsonline is not responsible for the products and or services of this company and its clients. This article contains links to third-party websites. Bitsonline is not responsible for the content on those websites.
The post LEEKICO Helps NKN Project Close Successful Crowdfunding appeared first on Bitsonline.
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‘K Site’ Online Crypto Community Platform Offers Benefits to Pioneer Members
BitKan is seeking people and groups willing to be “Global Community Officers” to pioneer its “K Site” project. The need for an extended social network-style community dedicated to crypto and blockchain communities has become more pressing recently, as existing platforms like Twitter and Facebook have moved to censor references to the technology under the guise of protecting users from scams.
BitKan is a strategic partner of Bitsonline.
Also see: Talking BCH in the OC: Bitsonline Visits the Orange County Bitcoin Cash Meetup
Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts
Create Paid or Free Groups on K Site to Match Your Interests
Until May 18th 2018, early joiners can create their own crypto groups on K Site in return for platform perks like KAN tokens, official identities (similar to Twitter’s verified accounts), prioritized showcases, content advertising, access to a huge user base and other campaign benefits.
For more information about what K Site is and what BitKan expects crypto groups to build there, check out our previous article. K Site will be accessible via desktop browsers and BitKan’s mobile app.
Several blockchain projects and companies are already busy creating groups on K Site. These include well-known names like OKEX, Bitmain, Dash, Qtum, Bitcoin Cash, RSK, CoinEx, F2Pool… and of course Bitsonline itself.
The aim is to provide the crypto community at large with a rich-featured and open portal where they can discuss their projects openly with friends and followers — without fear of the arbitrary (and seemingly random) blocks on activity other popular networks are putting in place.
K site will only block posts that have been proven fake, fraudulent or illegal.
Complete Platform for News and Discussion
As well as posting news and information about their chosen subject, groups can interact and discuss with followers and fans, giving everyone access to all the information they need in one place. K Site also seeks to drive traffic to the homepages of each group in the same way other social media platforms do, by linking to the original content sources.
A chance to start fresh, establish a presence and become known as leaders in your field. Sound interesting?
Specifically, BitKan is looking for leaders (and those who’d like to be leaders) in fields related to blockchain media, companies and other projects — as well as community leaders, We Media groups and other related experts.
K Site also features the option to provide paid content and create more exclusive expert groups that account holders can pay to join. Would you like your group to use its own coins for payment? K Site accepts and holds balances in multiple cryptocurrencies, and provides token incentives in its native KAN for participating.
Are you interested in joining K Site and building your own network? Tell us about it in the comments.
Images via BitKan
This is a sponsored article provided by BitKan. Bitsonline is not responsible for the products and/or services of this company or its clients. It contains links that lead to third-party websites. Bitsonline is not responsible for the content on those websites.
Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline
The post ‘K Site’ Online Crypto Community Platform Offers Benefits to Pioneer Members appeared first on Bitsonline.
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A Big Forking Announcement: Anonymous Bitcoin (a ZCL and BTC Fork)
A dream of every blockchain journalist and entrepreneur is to formally announce a project you are the Founder of. The prior year in crypto has seen BTC go from under $1,000 to almost $20,000 and correct back to under $10,000. Today I am proud to announce a fork of ZCL and BTC.
An Interesting Forking Project
It may be difficult at times to hold back the excitement but to ensure a fair report of the project I will try to withhold my very enthusiastic nature regarding the project. One of the main reasons is when has CNBC ever decided to cover a Forking Announcement (very punny I know)?
A fork (soft or hard) has become a fairly common occurrence in the crypto space. The question arises which ones are real and which are scam related. Premined forked coins are always ones to be concerned with along with teams that chose to remain anonymous. Anonymous Bitcoin intends to achieve a fork of ZCL and BTC completely transparently to the public, with weekly video updates and communication with the community.
The project is titled Anonymous Bitcoin, and the Anonymous Bitcoin team intends to succeed where prior forks have failed while also adding unique technology to already tried and true blockchains. The co-fork will occur using BTC and ZCL, so in order to obtain the new forked coin, Anonymous Bitcoin, one would have to purchase either BTC or ZCL before the date of fork snapshot.
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The Anonymous Bitcoin testnet will go live August 10, providing a month for exchanges to test the wallets and infrastructure before the snapshot occurs on September 9, 2018. The mainnet will be live within 48 hours of snapshot allowing for swift integration onto exchange platforms. Exchange listing and targeting ones with significant volume are one of the most important features of a new coin beyond utility and technology.
The main features of Anonymous Bitcoin will include anonymity while transacting (using zkSNARKs technology), increased transaction speed (through increased block sizes), and the ability to stake coins through masternodes. This trifecta of technological upgrades will create a cryptocurrency in Bitcoin’s image, with staking abilities and anonymity upgrades.
The Anonymous Bitcoin Team is broken into multiple layers. The BTCA team is composed of the core development team, founders, advisors, social media gurus, blockchain journalists, and even crypto compliance attorneys. The core development team is led by the founders of Miami-based Bushido Lab. The most notable advisor, Steven Nerayoff, has worked on projects such as Ethereum, Lisk, tZERO, ZClassic, AION, and many more. Having advisors of this caliber is essential – especially for a forked coin – to ensure market adoption.
Blockchain journalists and Fintech analysts have come on as advisors to ensure the progression within the space and to provide inside news coverage regarding the entire forking process. A production team has been assembled to provide weekly video updates about what the team has been up to regarding conferences, networking, and ‘work’ for the week. This will allow transparency literally from within. The crypto compliance attorneys are solely there to ensure we remain compliant with the ever-changing regulatory structure of cryptocurrencies. A fork is not considered a securities offering as no tokens are being sold but it always helps to have attorneys making sure compliance is maintained on all fronts.
With a roadmap that has already been structured and deadlines that will not be missed Anonymous Bitcoin is ready to begin their journey from concept to a forking cryptocurrency.
Please visit the project website Anonymousbitcoin.io – which will go live on Sunday – for further details or get in contact with the team directly:
Twitter: @BTCA_FORK
Discord: https://discord.gg/xJWCGB9
Reddit: AnonymousBitcoin
To get in contact directly with the Crypto King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports).
What are your thoughts on the upcoming fork and creation of Anonymous Bitcoin? Let us know in the comments below.
Images courtesy of CNBC, iStockPhoto
The post A Big Forking Announcement: Anonymous Bitcoin (a ZCL and BTC Fork) appeared first on Bitcoinist.com.
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Reporting Record Volume, CBOE’s Bitcoin Futures Contracts Just Boomed
Late last year, the Chicago Board Options Exchange (CBOE) — one of the most popular derivatives exchanges in the world — launched bitcoin futures contracts. Now, the decision is looking even more like a no-brainer in retrospect, as CBOE’s reported this week that an all-time high of 19,000 bitcoin futures contracts were traded on Wednesday, April 25th.
Also see: Talking BCH in the OC: Bitsonline Visits the Orange County Bitcoin Cash Meetup
Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline
Demand Just Acutely Spiked
CBOE’s previous volume record came on January 17th, 2018, when approximately 15,500 bitcoin futures contracts were traded on the day.
In the months since, the daily volume average has hovered around 6,600 contracts traded, which is just shy of the ~6,650 mark that was traded on Tuesday, April 24th — the day before the latest volume surge.
As such,Wednesday’s trading flurry marks an acute tripling of trading activity for CBOE’s bitcoin futures in a 24-hour window. Notably, it’s an atypical volume spike that corresponded with bitcoin futures activity on the Chicago Mercantile Exchange (CME), where the amount of contracts traded on Wednesday — ~11,000 — was in excess of twice the amount traded on Tuesday.
In that sense, the uptick was not isolated to one or the other of the popular derivatives exchanges offering bitcoin futures in the United States.
CBOE Conducts 4th Contract Settlement
On April 19th, CBOE settled the April expiry of its bitcoin futures contracts — its fourth time doing so since launching the contracts in December 2017.
Per data provided by the Gemini cryptocurrency exchange, the latest round of contracts were settled at the price of $8,055.68 USD.
As of April 19th, more than 550,000 XBT futures contracts had been traded through CBOE since their launch, with the contracts collectively totaling around $6 billion USD in trades.
What’s your take? Do you think bitcoin futures are a beneficial wrinkle for the ecosystem? Let us know what you think in the comments below.
Images via CNBC, Investor’s Business Daily
The post Reporting Record Volume, CBOE’s Bitcoin Futures Contracts Just Boomed appeared first on Bitsonline.
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