Showing posts with label cryptotradingnews. Show all posts
Showing posts with label cryptotradingnews. Show all posts

Saturday, 12 January 2019

Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors

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Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux.

The need for a fully decentralised, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy has never been stronger.

Setting the Gold Standard with Crypto’s Founding Principles
With a scalable inter-blockchain and decentralised exchange the GOLD.IO platform is not only self-regulated and led by its stakeholders, but asset linked – offering exchange investors unrivaled portfolio security.

Gold has Always Set the Market Standard and has Benchmarked Traditional Finance for Centuries, So Why Should the Cryptocurrency Market Be Any Different?
As a commodity, it has weathered many a financial storm and continues to do so today. Aside from a little price volatility it has consistently retained its market value, and with an unstable geopolitical, crypto-economic outlook the precious metal can provide a safe port for crypto assets.

In short, a gold-linked and backed exchange offers not only security of your assets but a piece of mind – the world has been through tougher times than we face today, but gold has always survived the course.

GOLD.IO – Providing a Defensive Asset Protection to Your Investments
With a team of over 30 experienced developers, GOLD.IO has simply put a sister chain of the EOS Project which has the mission of creating a Decentralised Exchange (DEX) of smooth inter-block communications that not only eliminates persistent market influences but has the unique benefit of being backed by a commodity asset class.

Combining the proven power of gold as well as a growing community that is not only self-regulated but also stakeholder-led – GOLD.IO is also seeking to develop a fully-fledged Decentralised Autonomous Community (DAC) based on the founding principles of the blockchain. The DAC will serve as regulatory oversight of the exchange with all stakeholders enjoying full voting rights, a say over project development and more importantly the ability to define their profits.

Gold Backed Tokenomics Offers Trading Efficiency & High Liquidity
With global stock volatility at best and a downward trajectory at worse – according to Goldman Sachs the markets are gripped with a fear of what may come in the coming year, a gold-linked exchange, with inherently high liquidity can part-mitigate investor risk.

With no independent or fair exchange yet to provide what GOLD.IO can, the benefits of the platform as a market leader are clear but the real magic comes with the EOISO blockchain system itself – it eliminates third-party manipulation and offers a unique architecture to ensure users remain the custodian of their gold.

Saturday, 5 January 2019

Satoshi Nakamoto:-Mysterious Bitcoin Creator World’s 44th Most Powerful Person in Finance


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A faceless person called Satoshi Nakamoto has bagged a rank among the world’s top 100 global finance leaders, leaving well-known personalities like Mark Zuckerberg, Kristalina Georgieva, and Paul Krugman behind.

Worth.com has named Satoshi Nakamoto the 44th most powerful individual in finance. The pseudonym, who could be a man or a woman, a person or a group of persons, an Earthling or an alien – or just about anything, is the entity behind the creation of Bitcoin, the world’s first peer-to-peer electronic cash payment protocol which has become a multi-billion dollar market containing thousands of financial and technological startups.

A Game Changer
Bitcoin allows people to send and receive payments directly to each other without needing a payment institution. It maintains the record of these transactions on a public ledger called the blockchain – practically doing what a bank does – at a much cheaper and faster rate.

Some of the world’s leading corporations of the likes of IBM, Bank of America, MasterCard, and JP Morgan are patenting solutions based on the bitcoin’s open-source solution, the blockchain. New startups are cloning its characteristics to create their allegedly “improved” user-specific solutions.

Bitcoin is also considered to be a financial weapon against an inflation-friendly fiat system. Nakamoto introduced a 21 million supply cap on the digital currency. The finite supply makes bitcoin more scarce than gold, the reason why speculators purchase and sell the digital currency in open markets like any other financial instrument.



Nakamoto is believed to control 980,000 bitcoins—roughly 5 percent of all of the Bitcoin that can ever be mined—giving him a net worth of $19.4 billion at the currency’s high point. It’s also enough of the cryptocurrency to allow Nakamoto to flood the market and tank Bitcoin’s value if he decides to cash out—either for profit or to prove some kind of the philosophical point—however unlikely that might be.



Blythe Masters Beats Nakamoto
Blythe Masters, the former chief executive officer of Digital Asset Holdings, a New York-based blockchain development firm, came in the 27th position of the same list. Her decade of experience in Wall Street helped Digital Asset land major clients in the banking sector, most notably the Australian Securities Exchange and Google.

Masters left Digital Asset, citing personal reasons, in December 2018.

Another crypto personality, Kelly Loeffler, the CEO of Bakkt, an ICE-backed bitcoin futures platform, also made to the list of global finance leaders, coming 72. From her profile:

If Bakkt succeeds, it will not only boost investor trust and access to Bitcoin as an asset, it will also give ICE a serious edge over the myriad other startups trying to corner this emerging market.

Nobel Prize Nomination
In 2015, UCLA Professor Bhagwan Chowdhry had sought nomination for Nakamoto for the Nobel Prize for Economic Sciences. But the Royal Swedish Academy of Sciences said that it would only nominate an anonymous person if he or she revealed themselves.

The prize, as in this instance, the Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel, is never awarded anonymously nor posthumously.

The crypto community had expressed its disappointment over the matter, but they had also speculated on how the government agencies would treat the real Satoshi Nakamoto once his identity is open in public. Queries were also raised about whether Nakamoto should be given the entire credit of creating Bitcoin when he had support from many researchers

Dogecoin Price Loses the 60 Satoshi Level Following Minor Dip


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When it comes to determining the polarity of a specific altcoin or digital asset, comparing it to Dogecoin’s success is often a valuable metric. This meme currency of the internet has carved out its own path and proven to be successful on many different occasions. As a result, the Dogecoin price is still holding its own fairly well across the board.

Dogecoin Price Momentum Remains Somewhat Stable


It has become more than apparent price stability is a valuable trait in the world of cryptocurrency. Many currencies see an uptrend and following dip occur on a rather regular basis. While that makes speculators and traders some good money in the process, the holders and long-term investors would rather see some price stability emerge. Dogecoin, oddly enough, checks the right boxes in this regard for a lot of people.


Even in early 2019, it would appear the Dogecoin price remains rather stable first and foremost. Although there is a 2.1% loss in USD value and a 2.7% loss in BTC value, one DOGE is valued at $0.0023 or 59 Satoshi. That is still a more than respectable level for this altcoin, although it may prove somewhat difficult to turn this ship around in the near future.

On social media, there are always a few interesting Dogecoin-related discussions to take note of. It would appear a relatively new site, known as Dogeweather, is currently getting some people excited. It is a very interesting, albeit niche site, but one that can effectively help spread the word about Dogecoin is an interesting manner as well. It is always heartwarming to see new projects themed around Dogecoin launch at opportune times.


As is usually the case where Dogecoin is concerned, there will be some arbitrage opportunities worth to explore. An interesting price gap between Gate and LiveCoin has become apparent in the past few hours, although it remains to be seen how long this price difference can remain in place. Even so, it is an extra way of making money while being involved in Dogecoin, which is always an option worth exploring.



Every day needs a funny Dogecoin meme and the one shared by CryptoSurfer is quite interesting for multiple reasons. Not only does it create a sense of “Dogeception”, but it also shows how everyone should have a little Doge. Given the value of this coin and the ease of which it can be mined, earned, or bought, there is no reason for cryptocurrency enthusiasts to not have at least one Dogecoin.



Under the current market conditions, it would appear the Dogecoin price downtrend might remain in place. It seems doubtful any massive crash will occur in the coming hours and days, although that may primarily depend on what Bitcoin’s price does in the days to come. The loss of the 60 Satoshi level may be somewhat of a downer for Dogecoin traders, but it can easily be recaptured if the trading volume continues to grow a bit.



Friday, 4 January 2019

How Blockchain Can Help Revolutionize the Gambling Industry


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Gambling is one of the most valuable industries out there with a market capitalization that is expected to cross $520 billion by 2023.

Just like in any other major industry, new technologies infiltrate the gambling sector and provide future opportunities and open new markets. It does therefore not surprising that countries like Malta offer a legal framework for gambling companies to start working in the European territory.

Apart from cryptocurrencies, as means of payment, the blockchain technology itself can make significant transformations in the existing gambling industry. One prime example of how blockchain can be used to help revolutionize the gambling industry is betbox





Betbox is an online application which is designed to work as a high-tech betting platform powered by Ethereum Virtual Machine. Betbox app users can bet on events that are listed on the platform and also create individual events by themselves. Events can be private for a selected audience or shared in public so anyone can join.

Apart from betting events, betbox users can also list personal challenges within the platform so other users can bet on whether the challenge will be accomplished or not. Additionally to this, betbox aims to provide futuristic features to entertain its followers and give them a chance to secure earnings or win a life-changing jackpot.

By making use of the blockchain technology, betbox aims at storing all betting-related information and votes in decentralized locations thus providing transparent and secure data on each bet. (Try the MVP now on www.betbox.app).

Betbox also ensures secure payments within the platform by providing decentralized wallets which will be connected to the user accounts. The betbox coins, which are used to fuel the native OX-Chain will ensure smooth flow of payments within the betbox platform and also makes it convenient for users to place bets quickly. But not only the betbox coins can be used for taking part in events. The ecosystem is designed to enable betting with other currencies and also with FIAT in the future.

What Blockchain Means For Gambling Industry?

As we mentioned in the beginning, the gambling industry is among the most prosperous industries globally. With the introduction of blockchain in gambling, more people will be interested in trying their hands in gambling and betting, thanks to the transparency and security offered by blockchain.

Betbox is one of the best blockchain-backed betting and gambling apps out there and offers a completely legal, convenient and secure environment.

As blockchain becomes more prominent everywhere, we will surely be able to see more platforms like betbox that incorporate the features and efficiency of blockchain into the gambling industry. But will there be space next to this industry leader?

Thursday, 3 January 2019

New York is “first state in the nation” to have its own Crypto Task Force

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The new task force will be required to submit its first crypto report by December 2020.

New York has become the first state in the nation to have its own cryptocurrency task force, according to a Facebook post published yesterday.

The news was shared by Clyde Vanel, Chair of Subcommittee on Internet and New Technologies and New York state assemblyman. In the post, he said that the New York had become the first state to have its own crypto task force, which will be used to “study how to properly regulate, define and use cryptocurrency.”

New York state Governor Andrew Cuomo signed the bill into law last week, which will henceforth be known as “The Digital Currency Study Bill.”

The members of the task force will be appointed by the Governor, Senate and Assembly, the announcement states, and will include technologists, consumers, institutional and small investors, blockchain businesses and academics.

The team will assemble various reports on the digital currency, crypto and blockchain industries in the state, including the number of digital currencies currently being traded, their market share, and the impact such currencies have on the state and local tax receipts. They’ll be required to submit these reports by 15 December next year.

“New York leads the country in finance. We will also lead in proper fintech regulation. The task force of experts will help us strike the balance between having a robust blockchain industry and cryptocurrency economic environment while at the same time protecting New York investors and consumers.” Vanel said in the announcement.

Julie Samuels, Executive Director of Tech: NYC also believes that the new task force will play a vital role in positioning New York at the centre of the nation’s innovative strategy.

“New York’s cryptocurrency task force – the first of its kind in the nation – shows how our state is leading the way in studying and understanding these technologies to ensure they can thrive in a responsible and effective way, further solidifying New York’s position as a global hub for smart innovation.”

Investor Fred Wilson says Crypto will enter “new bullish phase” in 2019

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Despite increased pressure on the crypto sector, he believes it’s going to be a year of progress for business, adoption and smart contracts. 

With the new year now thoroughly welcomed in, businessman Fred Wilson believes the crypto market will bottom in 2019, entering a “new bullish phase,” according to a recent statement.

The early Twitter and Tumblr investor welcomed in the new year on his blog, before laying out his predictions for 2019. They’re not quite the chipper aphorisms smattering the New Years’ cards, but crypto will nevertheless experience several promising developments this new year, according to him.

First up, Wilson predicts that the US will receive a new president by the end of 2019, and that the S&P 500 would likely hit 2,000, where he expects it to stay for most of the year. He also said that it could take most of 2019 to find the bottom on crypto-tokens.

“I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto.”

How will this ‘bullish phase’ come about? Wilson believes 2019 will be the year in which many promises made in 2017 are fulfilled, specifically the launch of “big name projects,” (such as Protocol Labs’ Filecoin project), and ‘next-gen’ smart contract platforms that will “challenge Ethereum for leadership in this super important area of the crypto sector.”

He continued that he also expects Ethereum’s open source community to “ship a number of important improvements to its system in 2019 and defend their leadership in the smart contract space,” and expects to see “meaningful progress” for stablecoins, cryptoassets and gaming, and earn-spend opportunities overseas.

The crypto sector will see its fair share of pressure, though, particularly from regulators and fraudulent schemes.

“The area I am most concerned about are actions brought by misguided regulators who will take aim at high quality projects and harm them. And we will continue to see all sorts of failures, from scams, hacks, failed projects, and losing investments be a drag on the sector.” he wrote. Even so, he remains “incredibly optimistic” about 2019,

“That is always the case with a new emerging technology that allows anyone to set up shop and get going.” he continued. “Permissionless innovation produces the greatest gains over time but also comes with the inevitable bad actors and actions.”

For Wilson, it’ll be a case of taking crypto with a pinch of salt over this next year. Whether from progress or pressure, he’s convinced “it is going to be a doozy.”  




Tuesday, 18 December 2018

Google Announces $1B Investment in New York City


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Tech companies such as Amazon and Apple have announced billion-dollar real estate projects in recent weeks; now Google is joining the fray. This morning the search engine giant announced it was investing $1 billion to establish a new 1.7-million-square foot campus in Manhattan’s West Village neighborhood. The campus will be focused around 315 and 345 Hudson St., where Google has signed lease agreements, and at 550 Washington St., where it has signed a letter of intent.

Called Google Hudson Square, it will be the primary location for its New York-based operations.

Google, of course, already has a robust presence in New York City; the company has been here for close to twenty years and now employs some 7,000 local workers. Earlier this year, it announced the $2.4 billion purchase of the Manhattan Chelsea Market and also announced plans lease additional space at Pier 57.

According to a blog post by Google, the company hopes to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete.

With these investments, Google will have the capacity to more than double the number of its employees in New York over the next 10 years to 14,000.

“Our investment in New York is a huge part of our commitment to grow and invest in US facilities, offices and jobs, writes CFO Ruth Porat in the post. “In fact, we’re growing faster outside the Bay Area than within it, and this year opened new offices and data centers in locations like Detroit, Boulder, Los Angeles, Tennessee and Alabama.”

“And as we continue to grow across the country, we look forward to calling New York City home for many years to come.”

Saturday, 15 December 2018

Coinbase announces instant PayPal withdrawals now available for all U.S. Customers


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Coinbase have announced that their new PayPal feature allowing U.S customers to withdraw to PayPal accounts has gone live as of today. 

The announcement is part of the "12 days of Coinbase" announcements, where each day at noon PST Coinbase announce new features, support for new cryptocurrencies, and more. Todays feature is the launch of the PayPal feature allowing U.S customers to withdraw directly to PayPal at zero fee cost to the client. 

Recap: Coinbase quietly introduces free PayPal withdrawals

The new feature will allow U.S customers access to their funds in a faster withdrawal method, utilizing one of the world's easiest and most widely-used payment platforms. With zero fees and fast withdrawals, the new feature will be most welcomed by U.S traders.

Coinbase commented on the announcement stating that they want to help their customers in having flexibility in using cryptocurrencies and being a part of the open financial system - "This integration is a big step forward in realizing that vision, allowing you to smoothly and instantly transfer your funds to cash."

Coinbase also announced that support for more countries will roll out in 2019. 

Tuesday, 11 December 2018

Facebook, the world's largest Social network to Hire Blockchain Specialists

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Facebook, the world's largest social network, is looking for five talented blockchain developers to work in its main office in Menlo Park, California. The announcement is published on the company's website.

Facebook needs two data officers, a development team leader, and two software engineers who are interested in solving difficult tasks and are ready to create scalable platforms.


The division, designed to study and develop blockchain, was established at Facebook in May 2018. It was headed by David Marcus, who was previously the company's VP at the Messenger app department. Later, in June, Evan Cheng, one of the senior engineers, was appointed as the director of engineering at the distributed ledger division.

The department was positioned as a startup, which will be involved in the adaptation of blockchain for the social network, although Facebook does not disclose specific plans in this direction. In general, this sounds like a desire to assist the people of the world in gaining access to things they lack today. Besides, it is about providing fair financial services and new ways of data exchange.

In August 2018, the information was circulating that Facebook cooperates with the Stellar crypto platform to use its blockchain for the creation of its own network. Later, the company denied these rumors.

UK Parliament Offered To Add Bitcoin As Tax Payment


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The representative of the Conservative Party in the UK Parliament, Eddie Hughes stated the need to adopt Bitcoin to pay taxes and utility bills, The Daily Express reports.



According to Hughes, blockchain technologies are of great interest in society, hence his colleagues in the Parliament have to understand how they work. The speaker, for his part, said that he himself is a crypto enthusiast who has amateur knowledge in the blockchain field.



The idea of ​​introducing Bitcoin to pay for services was prompted by the Royal National Lifeboat Institution, which had started accepting digital currencies as donations. According to Hughes, this example indicates the possibility of using bitcoin as a means of payment in municipal systems.



In his speech, the lawmaker appealed to the recent decision by the authorities of the American state of Ohio to adopt bitcoin so that companies registered within the jurisdiction of the state could use the cryptocurrency to pay taxes.





Hughes concluded that in order to maintain the status of a progressive country, the UK should move one step ahead of events.



As it was previously reported, Tokyo authorities intend to take up the struggle against residents who evade paying taxes on profits received from cryptocurrency trading.

Friday, 16 November 2018

Is McAfee sweating already? His Bitcoin prediction is now almost 300 days behind

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Remember that famous Bitcoin prediction of John McAfee? Bitcoin at $1 million by 2020 or a certain private part gets eaten on national television? Well, after this week's Bitcoin crash, things are not looking very promising for McAfee right now.

The crypto enthusiast first predicted Bitcoin to reach $500K in 2020, stating that he will 'eat his dick on national television' if that doesn't happen.


In November 2017, four months after his first bet, McAfee took it a step further and predicted Bitcoin at $1 million by the end of 2020, adding that 'I will still eat my dick if wrong'.


When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong.


McAfee had every reason to be confident at that time. On November 29 2017, the day of his $1 million predicition, Bitcoin was trading 128% above the average trend line leading to $1 million by the end of 2020. A handy McAfee predictor tool keeping track of the progress, Bircoin.top, explaines that 'Bitcoin needs to grow at a rate of 0.484095526 % per day from 2017-07-17 to 2020-12-31 to get from $ 2,244.27 (price on the day of his first prediction) to $ 1,000,000.00'. 


At the all time high of Bitcoin, mid-December 2017, Bitcoin's price was 314% above the red line, and 296 days ahead of the growth that is needed for McAfee's prediction to come true. 
298 days behind


Things are looking different these days. With Bitcoin's price dropping from close to $20K to the current levels of $5.5K, McAfee is losing sight of the average trend line going towards the $1 million. Currently, the price of Bitcoin is 76,3% below and 298 days of average growth behind the red line. Bitcoin should have been $23,520.75 at this point to be on schedule. 
'
I cannot loose the bet'


McAfee, however, doesn't seem to be worried at all. On Thursday, he posted on Twitter that 'we are still on schedule to get to $1 million by 2020'. 'I cannot lose the bet. It is mathematically impossible. What you have been seeing is short term (< 18 months) nonsense. Ignore it and look at fundamentals.'