Day: September 2, 2018

The Fight Over Masternodes: The WTF New Way to Earn Money With Crypto

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There’s a fight going down on crypto Twitter right now. But while that fact alone should come as no surprise, this time the bout is a bit more notable given it’s between a number of cryptocurrencies using so-called masternodes. While the term is flexible, generally speaking, masternodes are defined as computers on a network – staked with tokens – that perform additional work besides just helping run the software that governs a given cryptocurrency. The mechanism, while an older idea, is starting to gain some traction with significant projects such as…

What are Stablecoins | CCG

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Stablecoins are a class of digital assets that seek to maintain price stability by being pegged to the value of a stable asset, like fiat currencies. Since 2014, over 70 stablecoins have been designed, and three sub-categories can be discerned: centralised IOU issuance, collateral backed, and seigniorage shares. Each of those have shown flaws and limitations, and it is difficult to see which one, if any, will succeed in the longrun. Of all the stablecoins, Tether has been the most prominent so far, though today it lacks credibility. Launched in late 2014,…

Crypto Week In Review: Market Moves Out Of Slump, Ethereum Futures Next

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Although the past seven days were relatively quiet for this industry, hopes for the long-term growth and adoption of crypto assets like Bitcoin and Ethereum remain at all-time highs, as an assortment of firms released a variety of innovative products that piqued the interest of many. CBOE To Launch Ether Futures In The Upcoming Months On Thursday, it was revealed that the CBOE, the largest US-based options exchange, moved one step closer to launching an Ethereum (ETH) futures contract. Speaking with Business Insider, those familiar with the matter noted that the…

The Bitcoin Standard: BCH Troll Slayer Faces BTC’s Angriest Man

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Bitcoin Cash’s (BCH) troll slayer Derek Magill is back at it, and this time he’s facing down a pretty fierce opponent. Saifedean Ammous’s The Bitcoin Standard is hardcore maximalist argumentation for the supremacy of bitcoin core (BTC) as a cryptocurrency and world settlement commodity. While good people can differ on Mr. Ammous’s views, the BCH Troll Slayer finds the way in which those positions are put forward to be lacking. Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug The Bitcoin Standard Gets a Dismissive, Brutal Review…

Bitcoin Price Weekly Analysis: BTC/USD Targets $7,300-7,400

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Key Points Bitcoin price is moving higher nicely and it could soon test the $7.300 level against the US Dollar. There is a major bullish trend line formed with support at $7,050 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher slowly and steadily above the $7,300 level in the near term. Bitcoin price is gaining strength above the $7,100 level against the US Dollar. BTC/USD buyers are now targeting the $7,300 and $7,400 resistances. Bitcoin Price Rise This past…

Ethereum Price Weekly Analysis: ETH/USD Grinding Toward $314

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Key Highlights ETH price is moving nicely above the $290 level and it could gain further towards $314 against the US Dollar. There is a crucial bullish trend line formed with support at $290 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains supported and it seems like it could continue towards $304 and $314 in the near term. Ethereum price is slowly moving higher versus the US Dollar and Bitcoin. ETH/USD remains buy on dips towards the $290 and $282 levels. Ethereum Price Trend There…

John McAfee’s Bitfi Wallet Keeps Getting Hacked

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Researchers were able to hack the “unhackable” Bitfi cryptocurrency wallet for a second time, forcing the company to drop the unhackable claim for its product. John Mcafee, the creator of the McAfee antivirus company, is the executive chairman for Bitfi. “Unhackable” Cryptocurrency Wallet Gets Hacked As many in the security community know, when you claim something is unhackable, that statement quickly becomes an open invitation to security researchers and malicious hackers from all over the world to prove you wrong. The so-called unhackable Android-powered Bitfi hardware wallet for cryptocurrencies debuted at…

Bitcoin Cash Price Weekly Analysis: BCH/USD Rally Could Extend above $650

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Key Points Bitcoin cash price jumped higher and broke the $540 and $600 resistance levels against the US Dollar. There was a break above a major bearish trend line formed with resistance near $560 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair surged above the $600 and $620 levels, and now it could rally past $650. Bitcoin cash price climbed higher sharply above $600 against the US Dollar. BCH/USD may correct lower, but dips remain supported for more gains above $650. Bitcoin Cash Price…

Quantstamp Releases Blockchain Security Protocol on the Ethereum Network

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Quantstamp announced that the Quantstamp betanet protocol is now live on the Ethereum mainnet. Users will now be able to submit audit requests directly to the betanet version of the Quantstamp Protocol through a portal on their website. Completed audits will generate a publicly viewable audit report along with a unique hash providing a publicly verifiable record of the audit.  “Less than a year since our crowdsale completed, we’re happy to be releasing our betanet protocol onto the Ethereum mainnet,” stated Richard Ma, CEO of Quantstamp. “By providing publicly verifiable audits on…

Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report

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As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period. This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the cryptocurrency ATM market will grow at a compound annual growth rate of 54.7% between 2018 and 2023. Consequently, the value of this market will rise to a figure of $144.5 million in the five-year period. At the moment, the number of bitcoin ATMs in the world is 3,650, up from a…