The website Finder published a survey of 10 influential figures in the fintech industry, asking them about the future of the most popular digital assets. Most of the forecasts turned out quite optimistic as it will be shown below. The board of survey participants include: Craig Cobb (the founder of the training website tradercobb.com); Fred Schebesta (the CEO of finder.com); Co-Pierre Georg (an associate professor at University of Cape Town) and other fintech experts. 13 cryptocurrencies were featured in the survey: top-10 coins in the rating and 3 promising coins, such as Ethereum Classic (ETC), Monero (XRM) and Binance Coin (BNB). According to the predictions, the most growth will be observed in the exchange rates of EOS (727%), Binance Coin (459%), TRON (449%), Ethereum Classic (385%) and Cardano (260%) by the end of 2019. As for the market capitalization, here the lead was taken by Ethereum (179.3%), while Bitcoin’s market cap is predicted to grow only by 95.4%. The only unfavourable forecast was given to Bitcoin Cash SV (-5%). We remind you: Mike Novogratz Is Convinced That Bitcoin Will Be $20,000 By 2021 Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/
In 2010, Laszlo Hanyecz made history when he managed to exchange ten thousand Bitcoins with another early Bitcoin enthusiast for two pizzas. At the time, Bitcoin was $0.003 and those pizzas cost him around $30. Looking at today’s prices though, those Bitcoins would be worth a hell of a lot more, close the $70 million. Since that day in 2010, it has become a bit of a tradition in the crypto community. The ninth anniversary of pizza day was led by Huobi Global with a bit of history of its own this year; the Huobi Prime launch of Reserve’s RSR token and a special sale of Bitcoin at up to fifty percent off market value. Huobi’s whole 3 billion supply of RSR and the 188 BTC set aside for the sale completely sold out by the end of trading. The CEO of Huobi Global, Livio Weng has said: “We knew we wanted to do something big to mark Bitcoin Pizza Day this year. Partnering with Reserve for our third Prime launch plus hosting a special sale on BTC itself struck us as the perfect way to do it.” The Prime launch of RSR was conducted over two price limited rounds. In the first tokens were distributed on a first-come, first served basis. According to Huobi Global: “In all, 600 million RSR sold out in 2 seconds of active trading time. In the second community-based round, all qualified orders were partially filled via adjusted system matching. In all, 11,829 users got at least some of the total 2.4 billion RSR supply. There was a total of 12,029 users who were able to successfully purchase RSR.” For those that don’t know, RSR is the support toke for the payment-service-over-blockchain project Reserve. The project features backers like PayPal co-founder Peter Theil, Y Combinator Chairman Sam Altman, Mike Arrington, Ran Neuner and a founding team that includes former members of Google. Essentially… “RSR is designed to maintain the stability of Reserve’s USD-pegged stablecoin Reserve token (RSV). Reserve’s mission is to build a universal store of value – particularly in regions with unreliable banking infrastructure and/or where inflation is a major issue.” Finally, the CEO has said: “We loved thinking up ways to actively participate in Bitcoin Pizza Day this year and we’re happy to be doing our part to celebrate it with the larger crypto community.”
In 2010, Laszlo Hanyecz made history when he managed to exchange ten thousand Bitcoins with another early Bitcoin enthusiast for two pizzas. At the time, Bitcoin was $0.003 and those pizzas cost him around $30. Looking at today’s prices though, those Bitcoins would be worth a hell of a lot more, close the $70 million. Since that day in 2010, it has become a bit of a tradition in the crypto community. It’s actually nine years to the day that the exchange happened and so to honour the tradition, Huobi Global is setting up a range of initiatives. This includes the launch of the Reserve Protocol’s Reserve Rights Token through their premium coin launch platform Huobi Prime. HG will also be hosting a special sale of Bitcoin featuring prices discounted up to fifty percent off market value. “Bitcoin Pizza Day is Prime Day this year,” said Huobi Global CEO Livio Weng on the BTC promotion. “Things started as a joke that we were going to list Bitcoin through Prime but then I kept thinking, what better way to mark Prime 3 and celebrate Pizza Day? Let’s actually do this!” $1.5 million USDT-worth of Bitcoin will be provided by Huobi to users in two special trading rounds for the PrimeBTC event today (May 22nd) starting at 18:00 GMT +8. As it says in the HG blog: “In the first round, 20% of the total Bitcoin supply will be offered to users at 50% off market price*. In the second, the remaining 80% of Bitcoin will be provided to users at 12% off market price*. While the first round will be first-come, first-served, in the second, all qualified orders will be partially filled via adjusted system matching.” The Head of Marketing for Huobi Group, Ross Zhang has said: “All qualified users in our second round will get at least some of the BTC they seek. I do want to warn people, though – we expect demand to be very high, so you’ll have to be lucky and quick in the first round. Also, anyone who goes into the second expecting his or her entire order to be filled may need to adjust their expectations.” To find out more about Prime day click here.
Bitcoin [BTC] and the cryptocurrency markets have been eerily trading in the low volatility range or so it feels like. The 30-Day volatility on Bitcoin [...] The post Crypto-Market Update: Bitcoin [BTC] Corrects Volatility; Altcoins ETH, BCH, LTC Test R&S appeared first on Coingape.
If you thought we weren’t going to mention Game of Thrones week, oh boy, were you wrong! Whereas it is very sad that Game of Thrones is over (no matter how many signatures the petition gets) the show will forever live in our hearts, even if the ending was a little… lacking? The actor who plays everyone's favourite sellsword (and now master of coin???) Ser Bronn is a tad different from his character in real life. Saying that, Jerome Flynn and his character aren’t all that different. Just as Bronn finished the series as Master of Coin, Flynn is now the Master of Coin too, but instead of working for Westeros, he works with VeganCoin - the cryptocurrency for which the vegan industry has desperately been waiting for. For more than thirty years now Flynn has been a vegetarian and while he worked on Game of Thrones he decided to go full vegan. He doesn’t shy away from giving support to vegan-like causes through his Twitter either. #GoingForGrowth to replace 26,000 family farms with 6,000 giant animal factories near where @JeromeFlynn filmed #GOT. The pork is destined for China & the profits for London, while the locals have to suffer the stench.Object NOW! https://t.co/9Emohx1Ps1 pic.twitter.com/aKp4ivbILR — Farms Not Factories (@farmsnotfactory) May 7, 2019 Even though Flynn himself hasn’t tweeted about VeganCoin, a project of VeganNation whose advisory board he recently joined. But in a press release he did say: “Vegan Nation is the basis of an international vegan economy that makes vegan lives simpler, more economical, and better for the Earth and the soul of each of us. VeganCoin will allow many more to become vegans and thereby contribute to the reduction of our ecological footprint.” The token is part of the VeganNation ecosystem. They describe themselves as: “Our blockchain-based ecosystem incorporates these values in an effort to empower those who truly live by them. A cruelty-free one-stop-shop brings Consumers, business owners and even corporates together, all using one cryptocurrency, making it easier, cheaper and safer to trade.”
Both Bitfinex and Tether are hoping to get the case against the New York Attorney General dismissed, at least that’s according to new court filings published on earlier this week on 21st May. One set of the court documents show the motion to dismiss from the lawyers of Bitfinex and Tether under claims that the New York Supreme Court does not have jurisdiction over the accused in the case of the alleged criminal activity. According to the Bitfinex and Tether’s lawyers as stated in the court filings: “Neither Bitfinex nor Tether has a single headquarters or home office. Rather, the Companies have decentralized operations in different countries including Hong Kong, Switzerland, and Taiwan. Neither Bitfinex nor Tether maintains any office in the United States.” In the documents, the lawyer goes onto say: “Both Bitfinex and Tether prohibit any United States customers, expressly including customers in the State of New York, from using their platforms.” Then in another set of court documents, the attorney’s outlined the arguement to dismiss the case under the idea that the case is against both Bitfinex and Tether in order to “protect New York investors”: “Respondents respectfully request that the entire proceeding be dismissed for lack of personal and subject matter jurisdiction. While the Court is considering those issues, Respondents also respectfully request that the onerous document production demands looming over Respondents be immediately stayed, so that any resulting dismissal will not be issued too late to have meaningful effect.” Token sale In other recent Bitfinex news, a shareholder of the exchange recently posted on the WeChat platform that individuals who are interested in participating should reach out to either him or the DFund that he founded. There will now be a minimum of $1 million with an overall supply of one billion tokens according to the shareholder, Zhao Dong. When investors look back on a token’s white paper, they have a chance to opt out their soft commitment and change it to a hard commitment, which has a ten percent deposit. “The system works on a first-in, first-served basis,” Zhao added. “If the whole [1 billion is] fully allocated, we will not have to run the IEO to the retail channel, it will be like a private placement.”
Bitcoin (BTC) has had an inverse correlation with Gold for the most part but in the past few weeks we saw different. BTC/USD profited off a rally in Gold and it was made to appear that trade war concerns with China is pushing the Chinese to buy Bitcoin (BTC). A lot of people bought that narrative which was nothing more than orchestrated ploy to prop up the price of Bitcoin (BTC) short term and provide an alibi for the naked manipulated that saw a lot of retail bears end up as cannon fodder. Gold has begun its climb and is expected to perform very well as tensions with China and Iran is unlikely to subside anytime soon. The Huawei move has made Wall Street very concerned as they expect retribution from China which could hurt the tech sector further. In times like these investors look to one asset that they have been looking at for thousands of years and that is Gold. Bitcoin (BTC) is not digital gold simply because it is not a safe asset, at least for now. People buy Gold as a hedge against the stock market or other vulnerable markets in a time of crisis. Bitcoin (BTC) experiences wild swings during that time and is marred by shameless manipulation that knows no bounds. To make things worse for its case as digital gold, the majority of its supply is concentrated in a few powerful hands that get to choose what to do with the price. A lot of these ‘experts’ and ‘gurus’ out there love to make Bitcoin (BTC) predictions but here is the thing. The people that tell don’t know and the people that know don’t tell. Most of these big players know perfectly well what is going on and sometimes they make false predictions to throw retail traders a bone. Bitcoin (BTC) finally seems to have reacted to the recent VanEck ETF decision delay but we are yet to see significant sell off from current levels. Retail traders are still mostly bullish expecting BTC/USD to rocket straight to the moon. The vast majority of traders are expecting a rally to $10,000 before the next decline which is why it is very likely that it may not happen. The name of the game here is to trap in as many bulls as possible now that the whales are done hunting bears. Retail bulls might throw in the towel if the price breaks below the descending triangle and enters free fall mode. However, before that happens the bulls remain in charge and could push for a final move to the upside before the next bear trend begins. As stated before, we do not believe the bear market is over just yet. Technical indicators on the daily and weekly chart show that this phase of the ongoing market cycle is very different from the 2015 part of the last cycle that everyone and their mother is expecting BTC/USD to follow.
cryptodaily.co.uk: KaratGold Coin (KBC) presents a new blockchain-enabled smartphone to join the race of blockchain-focused handsets
By investing in a cryptocurrency or blockchain-associated start-up, it is necessary to make an assessment of the project in terms of its value and recognition. Literally, why a newborn coin or technology is needed, and whether people, primarily beyond the crypto hangout, are ready or not to accept it. If the investment object you have chosen fits this well, then it is likely that you are on the right path. However, don’t forget about another important indicator – the ecosystem that allows the innovation to function and keep developing. If we talk about a new coin, then it must be supported by a highly demanded technology or an asset whose value has been stable for a long time and is not subject to fluctuations. In addition, it shouldn’t focus solely on maintaining its own project’s life. Instead, a coin is supposed to be multifunctional, easily convertible into other values, recognized by the major exchanges, and, ideally, accepted by online-stores as a means of payment for goods and services. An array of software and hardware solutions around KaratGold Coin (KBC) is an example of an ecosystem that allows a new-born cryptocurrency to be accepted within and beyond the cryptocurrency sphere. The line of technical innovations, from the code for online vendors to the blockchain-enabled smartphone, is designed to provide an unprecedentedly smooth user experience with security as the main principle. Let’s dwell upon the smartphone that is now starting to join the race with the crypto-focused handsets developed by Samsung, HTC and Sirin Labs. IMpulse K1 Phone first delivery of which is scheduled for September 2019, set to protect user communication, be it voice or text messages, whereabouts or private keys, through p2p enciphering, thereby minimizing any third-party intervention. An array of K1 features includes: - Voice Over Blockchain Protocol (VOPB) that eliminates third-party companies and servers by replacing them with a p2p model; - Matrix ID allowing the user to create an infinite amount number of crypto accounts with every wallet to be assigned one identity; - IPFS storage that makes all data like media, photos, docs to be stored encrypted in a p2p way; - Electronic Warfare Transmitted Location which is set to protect user whereabouts; - Worm Guard technology to create a protective shield around private keys to protect them from theft or loss. The handset allows the user to create several fiat and cryptocurrency wallets, set up automatic payments, and use multiple phone numbers without changing SIM cards. On the official website of the IMpulse K1 Phone, one can find specifications of the new smartphone, as well as a description of three models, all made of high-strength materials such as gold, aluminum, carbon or titanium. This, apparently, does not make the product budget, but emphasizes its main purpose – to ensure reliability and safety. What about the online shopping solution mentioned above? This is another application of KBC that can be used as a means of payment. By installing a specially designed piece of code compliant with Woocommerce, Magento and PrestaShop, online vendors become able to receive KBC, Bitcoin or Ether for their goods and services in one click. Main advantages of the K-Merchant online shopping solutions are the avoidance of any charge-back risks that e. g. can occur when using credit card payments and the elimination of any market risk. Is KBC available now? Yes, coins can be purchased on 12 major crypto exchanges: CoinBene, CoinSuper, Hubi,Bit-Z, BitForex, HitBTC,Coinbe,P2P b2b,Coinall, KaratBit, LBANK.info and Coineal. To find out more about the above-mentioned technologies and subscribe to the project news, link to the website karatgold-kbc.io.
The Ripple hardfork that Jed McCaleb and Joyce Kim initially released in July 2014, Stellar went down at the end of last week but the thing is, no one really cared? The founder of Post Oak Labs, Tim Swanson first brought up the network being down last week in a tweet (see below) and a representative from Stellar later confirmed its occurrence. Breaking: yesterday the Stellar network went down for about 2 hours... only those who run validators noticed it.no new transactions were added for ~2 hours.network stats:https://t.co/eSRYFPjDQi — Tim Swanson (@ofnumbers) May 16, 2019 Very few people noticed it and it kind of goes to show how little people care about the network. I mean we didn’t even hear about this until a week after it had happened! Bear with me here, I’m aware this sounds like we’re digging into Stellar but the incident does raise a few questions about the level of decentralisation on the Stellar network. This uses the same ‘validator’ network design as Ripple does. In this design, only a few servers validate the transactions of the network at large. But if these servers do experience a rough patch then the whole system can potentially become unstable. Decentralisation The chief scientist at Stellar has confirmed decentralisation is a worry for the protocol has he said that last month. In the blog post, the scientist goes to respond to a separate report by researchers who conclude that Stellar is too centralised to be considered ‘secure’. The researchers had said: “As can be seen from many articles and papers, some network attacks, such as DDoS, can occur in the blockchain networks. In this paper, we are saying that if two centralized nodes can not receive or send any message because of DDoS, then all nodes in Stellar network wull [sic] be blocked and can not move to the next step in the consensus process.” McCaleb has said that the Stellar Development Foundation nodes aren’t the only thing to blame though for the outage on the network. But he did say that the project has been working on getting people to rely less on these nodes. “Over the last months we have worked to get people to *not* depend on the SDF nodes. As of maybe a month or so ago the SDF nodes could safely go down and the network would continue. But this also means that the network can halt even if the SDF nodes are still running. Unfortunately this is what happened. Enough other nodes stopped for various reasons that the network halted. The SDF nodes and in fact the majority of validators in the network were still up. They just couldn’t close ledgers safely because they weren’t hearing from enough nodes in their quorums so the network halted until it could be restored to a good state.” Swanson points out that, were this to happen on another network, the effect would be more than doubled due to the fact that they are simply more active. Compared to other networks, Stellar is quite small in reality. “What basically happened was that a critical mass of nodes went down causing a cascading failure and so the entire network went down but because it isn't frequently used, few noticed.” So when the network did go into ‘outage mode’, not many people noticed. It is the equivalent of a majority of miners going offline in Bitcoin and the remaining miners have effectively been unable to find blocks to give support for the network. It was recently announced by Stellar that they would be teaming up with the guys at IBM. this boosted sentiments towards the cryptocurrency with Ripple and Stellar working in an increasingly fractured marketplace, where some banks have chosen to crate blockchain solutions as opposed to utilising these ‘industrial’ products. If you are new to the space then your attention will probably be initially pointed towards Bitcoin or Ethereum but Stellar (XLM) is a project that is taking a different approach to the model of what a cryptocurrency is. We are not by any extent ripping into Stellar here, it is still a project that is making waves throughout the crypto space, there's no denying that. Although, no matter how you look at it, XLM isn’t as popular as XRP, BTC or even LTC.
ZyCrypto: Ethereum Could Be Next To Make An Astounding Bullish Breakout Following Confirmation Of Golden Cross Indicator
If the last couple of weeks have been anything to go by, Ethereum’s future is bright. The altcoin has been recording significant gains and has managed to set a bullish pattern. Now Ethereum could be set for even greater gains in the days and weeks to come. Ethereum has just confirmed its Golden cross, a […] The post Ethereum Could Be Next To Make An Astounding Bullish Breakout Following Confirmation Of Golden Cross Indicator appeared first on ZyCrypto.