Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

n Pan- firm Mutual not coverage for crypto mining equipment due to the unregulated nature of the industryn
Source: cryptscout
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

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Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

n Pan- firm Old Mutual will not provide coverage for crypto equipment due to the unregulated nature of the industryn
: cryptscout
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

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Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

South African insurance Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.
: cryptscout
Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

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Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

-African insurance firm Mutual not provide coverage for mining equipment due to the unregulated nature of the


: cointelegraph
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

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Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

South Old Mutual has refused to insure mining rigs in Africa, it harder to protect gear there.
: worldnewsoffice
Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

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Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

South company Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.
: coindesk
Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

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South Korea Convenes Pan-Governmental Meeting Amid Concern Over Crypto Market Spike

A South Korean -governmental meeting has reportedly held to establish closer monitoring of the country’s space amid the recent sharp uptick in valuations


Source: cointelegraph
South Korea Convenes Pan-Governmental Meeting Amid Concern Over Crypto Market Spike

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4 key Notes as the KIN Token Migration to Bancor Finalizes

TheMerkle Status Kik GetGems

When the Kik team announcement their initial offering a while ago, many people had high expectations. A well-known and respected messaging service issuing its own tokens introduce a lot people to the industry. In the next few weeks, all users must migrate their KIN tokens from Ethereum to Bancor. This move has some very interesting potential consequences.

Moving Away From Ethereum

The biggest development to take note of is how the Kik team has made it rather clear they do not want to use Ethereum’s infrastructure for their token. The decision to switch to Bancor is rather interesting, albeit not all that surprising. Numerous other projects have moved away from Ethereum in search of greener pastures.  Whether or not those decisions will pan out as expected, is a very different matter altogether.

With the migration to Bancor now almost completed, one can safely say the Kin token no longer has anything to do with Ethereum come June 15. As of right now, there is still an ERC20 relay active to swap KIN to the Bancor-based token accordingly. Once fully completed, the wait begins to determine if Bancor can live up to the Kik team’s expectations in terms of sustainability and scalability.

Manually Migrating ERC20 Tokens is Pertinent

Contrary to what users might expect, the switch from ERC20 to Bancor tokens will not occur automatically. Users are advised to either use a swap service such as CoinSwitch or Changelly, or perform this course of action through an exchange. The swap services should complete this process in 30 minutes or less, which might be the more approachable option for KIN holders.

Several exchanges have also supported this migration since March of 2019. That list includes , CoinTiger, LAToken, and a few others. However, it seems most of the “windows” for exchanges have closed already, as this swap was announced several months ago. Using the swapping service or the ERC20 relay is still a viable option at this time. Ensuring tokens are converted sooner rather than later is the best course of action.

Finding the Right Wallet

Sorting any cryptocurrency, token, or asset is always a matter of conducting proper research. For Kin holders, moving the funds to a Bancor-based wallet can be done when using either the Ledger or Atomic Wallet, as well as the Freewallet solution. All of these platforms support the old and token at this time, which should make it relatively easy to generate a address to receive the correct tokens.

Another option is to use Bancor’s own Smart Wallet, which allows users to support all ERC20 and EOS tokens in existence . By default,  this also means the new Bancor-based tokens will be supported, as this integration was completed in late 2017. There are plenty of options for users to look into in this regard, albeit putting in some effort is to be expected at this time.

Boosting KIN’s Popularity on Bancor

As this token swap will enter the final stages, it is not unlikely KIN will overtake some other tokens issued on Bancor in popularity, albeit briefly. It is rather interesting to take note of how many tokens are currently running on top of Bancor’s infrastructure. This list is a lot longer than most people might assume, although it is evident Ethereum remains the undisputed leader in this regard.

Until Ethereum can successfully address the scaling concerns affecting the network, it seems likely there may be a few more migration efforts in the months and years to come. While it is a popular platform to issue ICO tokens, it seems things will get rather interesting in the coming months and years. For KIn users, not too much will change in terms of using the coin. In terms of which features and use cases may be unlocked in the future, one never knows what may come next.


Disclaimer: This is not or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

4 key Notes as the KIN Token Migration to Bancor Finalizes

When the Kik team announcement their initial coin offering a while ago, many people had high expectations. A well-known and respected messaging service issuing its own tokens introduce a lot more people to the cryptocurrency industry. In the next few weeks, all users must migrate their KIN tokens from Ethereum to Bancor. This move has some very interesting potential consequences.

Moving Away From Ethereum

The biggest development to take note of is how the Kik team has made it rather clear they do not want to use Ethereum’s infrastructure for their token. The decision to switch to Bancor is rather interesting, albeit not all that surprising. Numerous other projects have moved away from Ethereum in search of greener pastures.  Whether or not those decisions will pan out as expected, is a very different matter altogether.

With the migration to Bancor now almost completed, one can safely say the Kin token longer has anything to do with Ethereum June 15. As of right now, is still an ERC20 relay active to swap KIN to the Bancor-based token accordingly. Once fully completed, the begins to determine if Bancor can live up to the Kik team’s expectations in terms of sustainability and scalability.

Manually Migrating ERC20 Tokens is Pertinent

Contrary to what most users might expect, the switch from ERC20 to Bancor tokens will not occur automatically. Users are advised to either use a swap service such as CoinSwitch or Changelly, or perform this course of action through an exchange. The swap services should complete this process in 30 minutes or less, which might be the more approachable option for KIN holders.

Several have also supported this migration since March of 2019. That list includes HitBTC, CoinTiger, LAToken, and a few others. However, it seems most of the “windows” for have closed already, as this swap was announced several months ago. Using the swapping service or the ERC20 relay is still a viable option at this time. Ensuring tokens are converted sooner rather than later is the best course of action.

Finding the Right Wallet

Sorting any cryptocurrency, token, or asset is always a matter of conducting proper research. For Kin holders, moving the funds to a Bancor-based wallet can be done when using either the Ledger or Atomic Wallet, as well as the Freewallet solution. All of these platforms support the old and new token at this time, which should make it relatively easy to generate a new address to receive the correct tokens.

Another option is to use Bancor’s own Smart Wallet, which allows users to support all ERC20 and EOS tokens in existence today. By default,  this also means the new Bancor-based tokens will be supported, as this integration was completed in late 2017. There are plenty of options for users to look into in this regard, albeit putting in some effort is to be expected at this time.

Boosting KIN’s Popularity on Bancor

As this token swap will enter the final stages, it is not unlikely KIN will overtake some other tokens issued on Bancor in popularity, albeit briefly. It is rather interesting to take note of how many tokens are currently running on of Bancor’s infrastructure. This list is a lot longer than most people might assume, although it is evident Ethereum remains the undisputed leader in this regard.

Until Ethereum can successfully address the scaling concerns affecting the network, it seems likely there may be a few more migration efforts in the months and years to come. While it is a popular platform to issue ICO tokens, it seems things will get rather interesting in the months and years. For KIn users, not too much will change in terms of using the coin. In terms of which features and use cases may be unlocked in the future, one never knows what may come next.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

The post 4 key Notes as the KIN Token Migration to Bancor Finalizes appeared first on NullTX.


Source: nulltx
4 key Notes as the KIN Token Migration to Bancor Finalizes

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Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet

the last few months, traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins double in value. It wasn’t until Bitcoin’s recent rally that the alt season stopped in its tracked.

However, according to one experienced altcoin trader and author, altcoins are still in an accumulation phase – the longest accumulation phase yet for altcoins – which suggests a markup phase may be around the corner.

Altcoin Accumulation Phase Continues, Longest on Record

Since the start of 2019, various altcoins, front run by a Litecoin rally, have painted double digit gains. Many have gone on to outright double in value in just a few short weeks after breaking out of downtrend resistance.

The surge in pricing across low-,mid-, and high-cap altcoins has caused many to claim that an alt season was in full effect. Even Google Trends data showed a surge in interest in Bitcoin’s brethren.

Related Reading | 2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in Value 

However, a new chart shared by experienced altcoin trader and author of the Altcoin Trader’s Handbook, Nik Patel, suggests that the altcoin market cap is still entrenched in an accumulation phase. The current accumulation phase, according to the chart, which covers off on the last five years of altcoin valuations by market cap, is the longest on record lasting 260 days.

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Prior to the current accumulation cycle, the previous one occurred in late 2016 and early 2017, lasting for 108 days. The surge helped create the crypto hype bubble that popped in late 2017, and created a deep that turned into the longest bear market in history.

Alt Season Hasn’t Started Yet, Mark Up Comes After Accumulation

If the altcoin market truly is in the accumulation phase still, despite many skyrocketing in value, what comes next might stun the world in terms of profit-generating growth.

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Accumulation phases often occur when “smart money� – as it’s called – begins investing in an asset during the peaks of selloffs, or when “blood is in the streets,� as the late Baron Rothschild would say.

Following most accumulation phases, comes a mark up phase, where the value of the asset increases significantly. Once the price of the asset has grown enough, a phase of distribution, or selling of the asset, will take place.

Related Reading | Altcoin Season Is Here, But What’s That Mean for Bitcoin (BTC) Dominance?

Should the mark up phase not even have happened yet, the glimmer of an alt season we’ve witnessed thus far will be little more than a flash in the pan in comparison. But it all hinges on what Bitcoin decides to do, as the altcoin market cap appears to be held back by dominance. Bitcoin dominance was close to falling below 50% for the time in 2019, however, the recent Bitcoin rally caused dominance to surge, and altcoins to fall.

Featured image from Shutterstock

The post Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet appeared first on NewsBTC.


Source: newsbtc
Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet

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