Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAO – newsBTC

Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAOnewsBTCThe selloff continues as the week ends in crypto land. Asians are leading the way and dropping their digital currencies for the third day in a row. Bitcoin has lost 8% on the day and has dropped back to just over $10k, altcoins as usual have been hit …
Source: worldnewsoffice
Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAO – newsBTC

PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency – Backed Lending Startup Money Token

Money Token - Cryptocurrency Backed Lending

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Alex Rass, blockchain expert and enthusiast with a history of Fintech experience gained at Prudential Financial, Bloomberg and Goldman Sachs has launched a blockchain based financial services ecosystem called MoneyToken.

MoneyToken focused on cryptocurrency-backed lending, stablecoins development and crypto assets leveraging.

Its innovative economic model allows you to hold onto your cryptocurrency assets and spend cash at the same time.

The MoneyToken Private Sale has begun and more than $600,000 has already been raised to support the project.

To gain access to this ‘early birds’ Private Sale, interested contributors should apply to join the
Money Token Whitelist http://moneytoken.com/#whitelist

If you are a cryptocurrency holder, or interested in finding out more about the project you can join MoneyToken telegram chat https://t.me/moneytoken.

Note: Given the volatility in the current cryptocurrency market, the token balance of all Private Sale participators will be reassessed upwards should the value of ethereum increase by the end of the general Token Sale in May. This provides all early contributors in MoneyToken insurance of their purchase in a volatile market.

MoneyToken consists of:
– MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH;
– MTC – MoneyToken’s own stablecoin;
– MoneyToken decentralized exchange service.

What is the purpose of MoneyToken??
The MoneyToken platform seeks to resolve one of the key issues plaguing the crypto market – making these assets effective liquid instruments.

How do you persuade cryptocurrency owners to trade or sell instead of holding their assets?
How can you benefit from the value of your cryptocurrency when the only sensible strategy is to hodl for the long term?

What if you could use your crypto-assets as collateral to take out a loan in fiat money?
In this way, you don’t need to sell your appreciating Bitcoin but, at the same time, you have the opportunity to spend traditional money on essentials in the here and now.

MoneyToken is about creating a secure place for lenders and borrowers to meet, provide appropriate and proper risk management to clients, and reducing the risk lenders face due to the volatile nature of crypto assets.

MoneyToken aims to resolve these issues, managing clients’ risks and creating a stable lending model using cryptocurrencies as a security deposit. Our model aims to facilitate access to credit while building a new credit market – loans backed by crypto collateral, based on the security and transparency of blockchain technology,” comments Alex Rass, co-founder and CTO of the project.

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
https://moneytoken.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency – Backed Lending Startup Money Token appeared first on Bitcoin News.


Source: bitcoin.com
PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency – Backed Lending Startup Money Token

Despite Slow Start, Analysts Believe 2018 Could be the Best Year for Bitcoin

Cryptocurrency markets are not off to a good start in 2018. Most markets have lost nearly half of their value during the first few weeks. This most recent dip has pushed the momentum back as well. Even so, analysts are convinced this year will be very bullish for all cryptocurrency markets in the long run. Especially Bitcoin may see some big gains.

Bitcoin Scalability Improvements?

All cryptocurrency markets have seen major declines throughout the first seven weeks of 2018. Although Bitcoin showed some good momentum this week, most gains have been lost once again. Whether or not this is a bubble effectively bursting, remains to be determined. However, there are still a few solid reasons as to why things may turn out for the better. Julian Hosp remains bullish on cryptocurrency for quite some time to come.

Especially where Bitcoin is concerned, things can still improve quite a bit. With new scaling solutions coming to the ecosystem, a lot of progress will be made. Segregated Witness is now enabled by default through the Core client. It has also become more convenient to use altogether. If this adoption rate improves, the Lightning Network has a fair chance of succeeding as well. For now, there is no official release date for the Lightning Network as of yet.

With a lack of scaling, Bitcoin made a lot of headlines due to mounting fees. At one point, a Bitcoin transaction cost over $20. It is far from ideal, yet solving the problem is not all that easy. With SegWit and LN, those fees should eventually come down over time. Only time will tell if this works as people expect it to. Moreover, the addition of smart contracts to Bitcoin through Rootstock is something to look forward to.

Other Cryptocurrencies and ICOs

Cryptocurrency is about so much more than just Bitcoin, though. More regulation of this entire industry can be a good thing in many different ways. If an industry is regulated, it is “validated” in the eyes of the general public. For now, we see dozens of countries looking into regulating Bitcoin and other currencies. Not everyone is a big fan of regulation, as it imposes severe restrictions in some cases. For now, it seems further regulation will help legitimize cryptocurrencies and digital tokens moving forward.

Most people expected institutional investors to make a big impact on cryptocurrency. Through the Bitcoin futures, that should have happened some time ago. So far, the initial interest in such futures has been rather limited. Even though the volume is picking up, it remains to be seen if institutional investors effectively show a real interest in cryptocurrency. Depending on how this trend evolves, we may see some big progress in overall prices moving forward.

Last but not least, the elephant in the room is the ICO industry. To many people, it seems initial coin offerings are the downfall of cryptocurrency. With the SEC cracking down on illicit projects, things will improve moving forward. It all comes down to more legitimate coin offerings in the future, and which companies will embrace this model. Especially with Telegram turning their ICO into an IPO of sorts, it is evident the business model itself may see some big changes.

The post Despite Slow Start, Analysts Believe 2018 Could be the Best Year for Bitcoin appeared first on NewsBTC.


Source: newsbtc
Despite Slow Start, Analysts Believe 2018 Could be the Best Year for Bitcoin

Could Blockchain Impact Gun Control?

As debate rages upon the subject of gun control, a professor at Washington State University has suggested using blockchain technology to make an impact.


The topic of gun control has become a hot topic once again in the United States due to the recent school shooting in Florida. As pundits from both ideological sides of the issue rage back and forth, a new wrinkle has emerged: blockchain technology. A professor of public health at Washington State University has proposed using the blockchain to help address the issue.

Shooter at gun range

Firearms and Blockchain

The professor, Thomas Heston, has floated the idea of using the blockchain to create a database to track firearm information. In a paper, Heston writes that people who own a gun can upload their information to an electronic gun safe. This data would be tied to the individual’s biometric data, like their fingerprint.

This blockchain-based database would then be used to track the creation and sale of guns, and the data would be instantly verifiable. Heston says that this approach would protect the information of gun owners from being hacked and reduce gun-related injuries. Another benefit would be that it would boost the accuracy of background checks.

Heston does say that there are certain challenges facing the use of blockchain technology in regards to gun control on a national level. He says:

Like any new technology, blockchain has to be developed. One potential risk of the plan might be an initial cost of implementation. Another potential risk, I think, is a fragmented system, because you are going to have a state-by-state thing that will actually hinder the sharing of information. So, the federal government will have to take a leadership role in it.

blockchain

Heston is not alone in his reasoning. A company that provides blockchain-based supply chain solutions, Blocksafe, has created an app for tracking guns. The founder of Blocksafe, Kevin Barnes, states:

Decentralized applications (DApps) can be developed in a way that greatly benefits companies in the gun industry. For example, a third-party device is created by a manufacturer. They could install a custom-built DApp onto it, so the manufacturer can easily track its inventory and distribution.

Pros and Cons

There are some definite pros and cons to using the blockchain to impact gun control via national registration. It would make background checks more accurate. Currently, up to 3,000 people a year manage to pass a background check even though they should not. Proponents argue that it could also lower gun theft and misuse in areas that are plagued with crime as a weapon could be quickly traced.

However, there are those who are opposed to using the blockchain in such a manner. The state of Arizona passed a law that banned the use of any decentralized technology to track guns. Their reason is that of privacy. Nick Schroer, a Missouri state representative, has filed a similar bill in his home state. He says the following when addressing privacy concerns:

Legislative members are still incredibly uneasy with the thought of a third party or a ‘big brother’ monitoring how many shots you take at different points of time. The individuals in Missouri whom I’ve talked to, whether they own guns or not, still deeply believe in privacy.

Shotgun

Those against the Missouri bill say that those managing the databases will ensure the privacy of gun owners. This rationale is dismissed by many gun owners as they point to Rockland County, New York. A local paper used public information to find out who owned handguns in the county by looking at the registration data. The paper then published a map, along with the names and addresses, of the gun owners on their website. The same later happened to gun owners in New York City. Those listed felt that their safety had been impacted as criminals might target their homes in order to steal a firearm.

Another long-standing worry about gun rights activists is that registration will lead to confiscation. Those advocating for registration say that such is not the case, but it has happened before. National registration was passed in both England and Australia, with the promise that a confiscation would never happen. In both instances, the national government used the registration lists to confiscate firearms after passing a law banning them.

Overall, the introduction of blockchain technology to the gun control debate adds an interesting wrinkle to an already contentious topic. There appears to be legitimate arguments for both sides of the issue in regards to a blockchain-based database. However, such an endeavor would have to be pushed by the federal government as each state has their own unique laws.

Do you think a blockchain-based database for firearms is a good idea? Are the privacy concerns warranted or not? Let us know in the comments below.


Images courtesy of Pixabay, Bitcoinist archives, and Pxhere.

The post Could Blockchain Impact Gun Control? appeared first on Bitcoinist.com.


Source: bitcoinist
Could Blockchain Impact Gun Control?

Diminishing Fixed Income Returns Spark “Mini-Tantrum”

At the end of January, Bank of America’s high-grade credit strategy team, headed by Hans Mikkelsen, claimed that inflows to high-grade bond funds and ETFs would taper and decrease 39% during 2018 to $197 billion, meaning that monthly inflows, running at close to $30 billion before the report was published, will fall to just $10 […]
Source: bitcoinwarrior
Diminishing Fixed Income Returns Spark “Mini-Tantrum”

An Ethereum Classic Fork Snapshot Is Coming Next Week

An Ethereum Classic Fork Snapshot Is Coming Next Week

Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins.

Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media

The First High Profile Hard Fork Is About to Get Forked

An Ethereum Classic Fork Snapshot Is Coming Next WeekThe funny thing about ethereum classic is that it was one of the first high profile blockchain splits and ethereum (ETH) holders received a 1:1 ratio of ETC after the hard fork at block 1,920,000. The fork was caused by members of the Ethereum community because they rejected the idea to ‘bail out’ the DAO, an ETH application that lost $150Mn that year. Some individuals firmly believe that ETC is the ‘one true’ Ethereum network. Callisto, however, is not quite like the ETC hard fork as it’s a snapshot much like bitcoin gold, bitcoin diamond, and the other clones that appeared over the past year.

Callisto Developers Believe CLO Will Have Better Smart Contract Security

Essentially CLO coins will share the same history as the existing ETC chain but from block 5,500,000 and forward the network will be its own. The cloning is expected to happen next week sometime on or after March 2. The reason behind the snapshot is because CLO developers believe there are issues regarding ETC’s smart contract design. According to the CLO white paper ETC is susceptible to smart contract hacks much like the DAO platform. The CLO developers plan to create a “Official Smart-contract Auditing Department of CLO & ETC,” so one could assume the snapshot may be considered an extension of the ETC community.    

“The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.  

Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart-contracts to achieve this goal.

An Ethereum Classic Snapshot Is Coming Next Week
ETC holders will receive a 1:1 ratio of CLO coins after ETC reaches block 5500000.

Cold Staking and a Developer Called Dexaran

There’s little information on the creators of the ETC clone other than the Github page that describes the callisto network project in more detail. The developer working on the project goes by the name Dexaran, and he also has worked on an ICO called ‘DEX.’ Another aspect of the project is the introduction of ‘Cold Staking’ which acts similarly to the Proof of Stake consensus system that rewards currency holders.   

“It should be noted that the ETC does not have any incentives for coin holders — The whole emission is completely controlled by miners, and their influence grows with the growth of the network. Callisto introduces a Cold staking protocol that rewards coin holders for being network participants,” explains the callisto team. 

Cold staking is a smart-contract based process that allows CLO holders to earn interest in a total CLO emission when they hold CLO coins at their balances for long enough period of staking time (1 month by default). Cold stakers are not required to run a node to participate in cold staking process. Cold stakers are not validating transactions and the whole system can remain fully PoW (Proof of Work) which is important since ETC adheres to POW consensys.

The ETC Snapshot Follows the Recent Birth of the Litecoin Cash Network

The upcoming ethereum classic snapshot has boosted the price of ETC quite a bit, and the currency had reached a high of $45 two days ago. It also follows the recent litecoin (LTC) snapshot called litecoin cash (LCC) which came to life on February 20. Before the LCC fork, the price of LTC spiked considerably as well but has since lost those gains. The clone has minimal infrastructure and is only worth 2 percent of LTC’s price at $4-5 per LCC.

What do you think about the upcoming ETC snapshot called callisto? Let us know what you think in the comments below.  


Images via Shutterstock, and Pixabay.


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Source: bitcoin.com
An Ethereum Classic Fork Snapshot Is Coming Next Week