Day: December 25, 2018

MinexSystems Launches Public Test of Minex Web Wallet

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MinexSystems Blockchain firm MinexSystems has launched a public beta test of its web-based wallet called Minex Web Wallet. The trial is open for Minexcoin holders as well as for all crypto enthusiasts, according to the company. The Minex Web Wallet will be tested for smooth operation. It is designed to make sure all the processes involved in converting cryptocurrency into fiat to be spent as a regular fiat bank card work seamlessly, Chain2Pay said in a statement. “We want to provide a seamless service for any customer, wherever he or…

TRON Reaches One Million User Addresses in Six Months Since Launch

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Blockchain protocol TRON (TRX) has passed one million user accounts, data revealed Dec. 23, as executives continue their criticism of rival Ethereum (ETH). Statistics from the TRON blockchain uploaded to social media by Misha Lederman, cofounder of the cryptocurrency’s spin-off project IAmDecentralized.org, confirmed that the network now features over one million addresses. TRON, which launched its mainnet earlier this year, seeks to become the go-to ecosystem for developers seeking to create decentralized applications (DApps). Known for publicly chiding Ethereum, which constitutes TRON’s main rival, CEO Justin Sun this week predicted…

KuCoin Cryptocurrency Exchange Removes 10 Tokens As They Fail to Maintain Listing Criteria

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Kucoin Singaporean crypto exchange KuCoin has announced the delisting of 10 cryptocurrency projects under its Special Treatment Rule framework designed to ensure that only projects that meet and maintain certain criteria are listed on the platform. In an announcement posted on its official website on December 21, the exchange revealed that the affected digital assets will have deposit services halted at 20:00 (UTC+8) on December 21, 2018. Following this, trading pairs for the delisted cryptocurrencies will be halted at 18:00 (UTC+8) on December 24, 2018. Users will still be able to effect…

Centralization Cannot Sustain Society–Enter Blockchain Technology

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Centralization Cannot Sustain Society–Enter Blockchain Technology December 25, 2018 by Bitsonline Guest Contributor Blockchain is set to take us back to the future. In the beginning, the internet was a system owned by no one and everyone at the same time. This was instrumental in its explosion in popularity–anyone, from anywhere, could create content and share it with the world. In that ungoverned system, neither governmental nor business forces were able to control or restrict the web, its users, or the information on it. Guest article by Jonas Sevel Karlberg,…

Centralization Cannot Sustain Society–Enter Blockchain Technology

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Centralization Cannot Sustain Society–Enter Blockchain Technology December 25, 2018 by Bitsonline Guest Contributor Blockchain is set to take us back to the future. In the beginning, the internet was a system owned by no one and everyone at the same time. This was instrumental in its explosion in popularity–anyone, from anywhere, could create content and share it with the world. In that ungoverned system, neither governmental nor business forces were able to control or restrict the web, its users, or the information on it. Guest article by Jonas Sevel Karlberg,…

Smart Contracts are What is Needed for Alternatives to Patreon: Craig Wright

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The chief scientist of blockchain firm nChain, Craig Wright, has indicated that Bitcoin could one day emerge as a major means of making automated payments for subscription services, similar to Patreon. Asked by YouTuber ‘Philosophie Workout’ whether it would be possible to pay for subscription services such as Patreon on a regular basis, Wright answered in the affirmative. According to Wright this would require the use of smart contracts. Wright said: What we need are people creating new apps, new smart contracts, new formats… nChain’s chief scientist then added that…

Bitcoin Price Watch: BTC’s Correction Could Extend To $3,500

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Key Points Bitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar. There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $3,850 support and it could decline further towards $3,500. Bitcoin price started a downside correction below $4,000 against the US Dollar. BTC might continue to move down towards the $3,600 or $3,500 support level. Bitcoin Price Analysis Yesterday,…

Bitcoin History Part 6: The First Bitcoin Exchange

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Featured Aside from mining, the only way to obtain bitcoin in the very early days was by trading it on forums or IRC. This arrangement relied on the other party fulfilling their side of the deal, since there were few escrow services back then. Bitcoin didn’t have to wait long for a dedicated exchange to spring up, thankfully, with the first cryptocurrency exchange going live in March 2010. Also read: Bitcoin History Part 5: A Wild Altcoin Appears Bitcoin Gets Its First Market The first cryptocurrency exchange wasn’t Bitstamp, Vircurex,…

Ripple Price Analysis: XRP Testing Key Uptrend Support, Bounce Ahead?

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Key Highlights Ripple price rallied above the $0.4250 and $0.4400 resistance levels recently against the US dollar. There is a key bullish trend line formed with support at $0.3750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3750 support and the 100 hourly simple moving average to bounce back. Ripple price made a nice upward move against the US Dollar and Bitcoin. XRP/USD may bounce back if it stays above the $0.3750 or $0.3600 support. Ripple Price Analysis Recently, there…

Ethereum Price Analysis: ETH Corrects Sharply, Can It Hold 100 SMA?

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Key Highlights ETH price traded above the $150 and $154 resistance levels before correcting lower against the US Dollar. Yesterday’s highlighted key bullish trend line was breached with support at $141 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded sharply below the $132 support and traded close to the 100 hourly simple moving average. Ethereum price corrected sharply lower after trading to new weekly highs against the US Dollar and bitcoin. ETH/USD must stay above 100 SMA to bounce back. Ethereum Price Analysis Yesterday, we…