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Showing posts from February, 2018

What Is the MoonLite Project?

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[ad_1] Cryptocurrency mining has always been an interesting endeavor, despite its expensive requirements. It seems the MoonLite Project aims to bring more positive attention to this industry. Whether or not they will be successful remains to be seen, as organizing an ICO for such a venture is a bit questionable. The MoonLite Project in a Nutshell On paper, the MoonLite Project is certainly intriguing . The team is focusing on bringing more mining support to various cryptocurrencies. More specifically, the group wants to set up mining data centers for Bitcoin, Dash, Litecoin, and Ethereum. All of these currencies can benefit from more mining support to further strengthen their individual networks. What makes this particular cryptocurrency mining venture even more interesting is that it aims to achieve all of this with 100% sustainable green energy. To be fair, we have seen other mining ventures focus on renewable energy as well. The place to be for such effo...

Top 10 Cryptocurrency Acronyms

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[ad_1] Cryptocurrency represents an environment that is constantly growing and changing. As this ecosystem evolves and becomes increasingly complex, so does the jargon used most frequently in conversation. Acronyms play a large role in cryptocurrency dialogue, and without knowledge of the terms they refer to, it can be difficult to follow the information being shared. Here are ten of the most popular cryptocurrency acronyms that everyone should have knowledge of. 10. OTC “Over the counter” refers to a method of trading that bypasses an exchange service. With OTC trading, buyers and sellers instead agree upon an exchange rate for a set amount of currency and, often with the help of a trusted third-party escrow, transact with one another directly. OTC trading is often prevalent among teams buying or selling to and from large, private investors, so as to not disrupt the market for their coin. Before RaiBlocks was listed on an exchange, it was traded OTC on Bitcointalk for...

Why Do Cryptocurrencies Need Blockchain?

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[ad_1] Even with the crypto revolution gaining more and more momentum by the day, there still seems to be a tangible knowledge gap within this sphere. For example, many people are still not clear as to what the blockchain and crypto assets really are. Life was quite simple when Bitcoin stood as the lone blockchain, because it allowed the words cryptocurrency and blockchain to be used interchangeably. However, with the maturing of the crypto ecosystem, a large number of blockchains have flourished and become entities unto themselves. A lot of confusion has ensued, since the term blockchain is now also used within contexts pertaining to P2P delivery systems and decentralized registries, and as a result of this, the word has found use within a host of crypto avenues. The Blockchain In depth The blockchain can be visualized as a decentralized system that consists of an array of participants who are motivated to perform actions within the parent ecosystem depending upon the incenti...

Bill Gates States Cryptocurrency “Has Caused Deaths in a Fairly Direct Way”

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[ad_1] On Tuesday, Microsoft co-founder and avid philanthropist Bill Gates participated in an Ask-Me-Anything (AMA) session on Reddit, where users of the site present questions on any topic for the billionaire to answer. Among questions of coding semantics and peanut butter sandwiches, one Redditor asked for Gates’ opinion on cryptocurrency. Redditor /u/Askur1337 asked Gates for his take on cryptocurrencies, to which Gates provided several sentences explaining why he has adopted an unsupportive approach to the recent craze. While many may assume that the technology magnate recognizes the massive potential of cryptocurrency, Gates takes a much more pragmatic view on the emerging tech.  Gates suggests that the primary use of cryptocurrency is anonymity, which hinders the government’s ability to monitor and prevent malicious activities, such as drug trafficking and terrorism. Gates goes on to state that cryptocurrencies have been responsible for a number of...

eBay Seller Scams Customers by Emptying Purchased Paper Wallets

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[ad_1] Paper wallets have always been considered to be a great solution for offline cryptocurrency storage. They are convenient and can be prepared in a few minutes. For some reason, people are still actively selling – and buying – pre-generated paper wallets on platforms such as eBay. It is evident this is a disaster waiting to happen. Never Buy a Pre-Generated Paper Wallet In theory, there is nothing wrong with letting someone else create a paper wallet on one’s behalf. It is a pretty transparent process, yet it also involves a lot of risks. Given how the wallet’s private and public keys are clearly visible during this process, nothing prevents the person generating this wallet from storing a copy of this information. At some point, users of these pre-generated wallets may find their balances missing as a result. When looking at the eBay platform, it seems there are still plenty of people selling paper wallets. While this is extremely conven...

LitePay Postpones Litecoin Debit Card Plans Due to Issues with Card Issuer

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[ad_1] Litecoin users were quite excited regarding the imminent launch of LitePay. This new service brings LTC to more consumers and retailers, and the associated payment card would have made it easier to spend cryptocurrencies as well. Unfortunately, this new service has been put on hold indefinitely. A lot of people are disillusioned by this turn of events, which is only to be expected. LitePay Card Registration process Delayed Indefinitely Anyone who has been paying close attention to developments in the financial and cryptocurrency sectors is all too aware of ongoing payment card issues. More specifically, no company issuing payment cards has been too kind to Bitcoin and other cryptocurrencies as of late. That in itself is not exactly surprising, as Visa and MasterCard have made it very clear they want no part of this ecosystem. This only became more apparent when Visa shut down the WaveCrest service provider altogether. This Gibraltar-based company was forced to close all...

“Bitcoin Core” Is Another Attempt to Discredit Bitcoin Cash

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[ad_1] The last thing the world needs right now is more cryptocurrencies using the Bitcoin name. Things have gotten a bit out of hand in recent months, yet that doesn’t deter teams from trying to bring more “shitcoins” to the table. Bitcoin Core is a new project not to be confused with Bitcoin or the Bitcoin core developers. Bitcoin Core is a Self-professed Shitcoin A lot of people are not too amused by the success of Bitcoin Cash . This particular altcoin has performed a lot better compared to what most Bitcoin fans had expected, yet it shows there is also a fair degree of jealousy in this industry. True Bitcoin supporters will claim Bitcoin Cash is a useless altcoin that serves no real purpose. More level-headed people will acknowledge Bitcoin Cash is a better version of Bitcoin, although its on-chain scaling solution is not necessarily ideal in the long term either. Even though there is plenty of room for both currencies to coexist, some people just like t...

What Is Zcoin?

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[ad_1] Even though Bitcoin will remain the world’s leading cryptocurrency for some time to come, there are a lot of competitors to take note of. Zcoin is one of the altcoins bringing more privacy to the cryptocurrency ecosystem as a whole. Its private financial transactions are enabled by the Zerocoin Protocol. What is ZCoin Exactly? On the surface, Zcoin attempts to solve Bitcoin’s privacy problem. Even though a lot of people think Bitcoin is anonymous, that is not the case whatsoever. More specifically, there is no anonymity or privacy involved with Bitcoin, but it remains to be seen if Zcoin can do a better job in this regard. At the same time, Zcoin needs to prevent double spending attacks, which is addressed by Bitcoin through its public ledger. How does ZCoin Work? There are quite a few aspects of  Zcoin worth taking into account. First of all, its implementation of Zerocoin lets anyone turn public coins into private coins. That in itself is pr...

What Is Request Network?

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[ad_1] Combining the best of cryptocurrency, blockchain, and commerce has not been done on a large scale so far. Request Network is one of the projects designed to do so, although building a decentralized network for payment requests will not be easy. Now is a good time to see what this project is all about. The Request Network’s Mission It is evident there is an interesting opportunity ahead for blockchain companies looking at the e-commerce sector. Request Network is a decentralized network built on top of Ethereum which focuses on letting anyone request payments. There are no third parties involved, the project uses an immutable ledger, and it can support virtually any global currency in the world today. Moreover, the solution is built to be compatible with the Internet of Things, which is something to keep an eye on as well. How Does it all Work? There are several use cases for Request Network as of right now. Online payments will work similarly to how people interact wi...

Here Are the Top 6 Sex-Themed Cryptocurrencies

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[ad_1] Since the mid-2000’s, the sex industry has turned into one of the most profitable markets in the world. To put things into perspective, the porn industry currently rakes in a staggering US$97 billion annually, which is more money than the MLB, NBA, and NFL combined. Also, with the advent of the blockchain, the sex industry is now experiencing a makeover with many content creators now favoring a decentralized business model to distribute their videos, films, pictures, etc. Problems faced by the adult industry With there being so much free pornography available on the internet today, it is very difficult for many adult content providers to earn money for their creations. In addition, the issue of piracy is heavily prevalent within this domain, as most adult material tends to get duplicated and make the rounds on various websites quite quickly. Despite the massive surge in popularity that the blockchain has experienced in the past couple of years, there has been re...

OmiseGO Price Surpasses $20 as Positive Momentum Grows More Solid

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[ad_1] A lot of things are happening across the cryptocurrency markets as of right now. Even though most of the top cryptocurrencies are suffering from small losses in the past few hours, others are bucking the trend successfully. One of the currencies a lot of people are interested in is OmiseGO. More specifically, the OmiseGO price is surging as of right now, as it has surpassed the $20 mark once again. OmiseGO Price Surges Ahead Nicely Similar to most other cryptocurrencies and digital assets, the year 2018 has been a mixed bag for OmiseGO so far. After last year’s insane gains – which pushed the OmiseGO price all the way to nearly $26, things have fallen apart in the early weeks of 2018. More specifically, we have seen the OmiseGO price drop down all the way to $8.12 in quick succession, which is never a good sign. One golden rule in cryptocurrency is how every dip presents a new buying opportunity for investors and speculators. In the case of the OmiseGO price , people...

QuikNode Announces New Developments on Their Ethereum Node Project

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[ad_1] QuikNode represents an interesting project, allowing developers throughout the world to run their own nodes, without needing to purchase additional equipment and invest time in maintenance. Recently, the team behind QuikNode has been busy developing and implementing more features, meant to further improve user experience on the platform. Disclosure: This is a Sponsored Article At this moment in time, the platform doesn’t only provide an express lane to the Ethereum blockchain network, it also allows developers to build their very own apps on top of the platform. Development is facilitated via QNodes, which can be used to both read data from the blockchain and send transactions to it. It is important to point out the fact that QuikNode also offers secure http and web sockets for endpoints that provide web3 access via the RPC API. This has led to the platform receiving more and more reputable clients, such as Gimmer.net, Expanse.tech, PrimaBlock.com, and also EtherAddressLoo...

Which Currency Can Positively Surprise You in 2018? Byteball!

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[ad_1] In the last week, we have witnessed a calming in the crypto world. The value of individual coins has slowly  grown. Investors are beginning to look for new opportunities, one of those interesting coins is Byteball, a currency based on DAG (directed acyclic graph). The system is different from blockchain‘s mining coin creation. In DAG,  each subsequent transaction in the system contains data to solve the previous one. Disclosure: This is a Sponsored Article Recently, we  have seen the steep growth of the price of XRB ( Raiblocks ), which has been renamed to Nano and similarly, the second most well known DAG coin, called IOTA, has also passed steep growth . Byteball differs greatly from these other DAG currencies. Byteball distributed their initial “Bytes” back in 2016 via cashback partnerships with merchants and by distributing certain amounts depending on the   BTC total in an account. This approach was unique in contrast to the industry sta...

Sharpay share buttons successfully raised 2400 ETH in Presale and announcing Token Sale

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[ad_1] “In Sharing We Trust” — Anton Solodikov, CEO of Sharpay.io Disclosure: This is a Sponsored Article Sharpay is a new share and multi-share button for websites with blockchain-based rewards of content promotion for users. Multisharing is an opportunity to share content in several social networks in one click. Users receive rewards for sharing or visits of other users via the shared links. This means conversion growth for sites and comfortable sharing for users. There is about 1 bln sites in the world and its number is growing every day. Only 3% (30 mln) of them have a sharing button. More than 3 bln people use social networks, approximately 10% of them actively. Sharpay is a new SMM tool for multiple increasing traffic and sales, it helps to the socially active users to monetize their popularity by earning cryptocurrency . Sharpay is a high-tech, no analogues, but a simple sharing button solution. The sites install the button and the users get a reward for sharing...

D-Wave to Commercialize Public Cloud Quantum Computing by Mid-2018

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[ad_1] Quantum computing is one of the more interesting developments in the world of technology to date. It offers unparalleled computing power, yet it also poses a threat to public cryptography. As such, it will impact various cryptocurrencies in the future. D-Wave is now looking to bring quantum computing to the masses, which will be something well worth keeping an eye on. D-Wave has a Bold Plan It is rather commendable to see a Canadian startup looking to bring quantum computing to the masses. Given the hardware and software required to make use of quantum computing, it is something most consumers will never be able to access. If D-Wave is to be believed , that situation will come to change very soon. More specifically, the company wants to build a processor designed for quantum computing and make it accessible to regular consumers. Doing so will not be easy by any means. It seems D-Wave Systems’ CEO, Vern Brownell, has overseen the development of a new quantum computing p...

What Is Power Ledger?

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[ad_1] The energy industry is prone to disruption in many ways. Contrary to what most people think, the entire renewable energy market is still somewhat centralized. Power Ledger aims to change that by providing the world’s leading peer-to-peer marketplace for renewable energy. It’s an ambitious goal, but can it be realized? The Purpose of Power Ledger Combining blockchain technology with renewable energy will undoubtedly lead to some intriguing developments over the years. Building a platform where this energy can be traded freely without any friction is a different matter altogether. Power Ledger wants to remove intermediaries from the equation, as they are focusing on providing the world with a powerful and transparent peer-to-peer marketplace for renewable energy. How Does it Work? There are many layers to Power Ledger. This project is built on top of Ethereum, which will give it access to oracle services and smart contracts. On top of that, we have the Power Ledge...

CoinDash Recovers Another 20,000 Ether in Stolen ICO Funds

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[ad_1] The world of cryptocurrency is full of surprises. Some of these surprises work out quite well, whereas others seemingly make no sense. After getting hacked in 2017, the CoinDash ICO team has received a second “reimbursement” from their attacker without further explanation. The CoinDash ICO Saga Continues When CoinDash conducted its ICO last year, a lot of people were excited about what this team could bring to the table. Unfortunately, all of the positive attention also led to increased scrutiny by cybercriminals trying to disrupt this initial coin offering. At one point, a lot of money was stolen from investors, as the deposit address on the official website was compromised. A fair amount of funds were sent to the wrong address, which is still in control of a lot of funds. However, it seems the assailant has run into some trouble cashing out the stolen funds. While controlling over 46,000 Ether represents a big paycheck for any hacker, conver...

Major Thai Cryptocurrency Exchange Has Its Bank Account Terminated

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[ad_1] Banks all over the world will continue to oppose cryptocurrency service providers in every way possible. Although Thailand has not banned cryptocurrency, one of the country’s major banks has decided to close the bank account of a crypto exchange. Bangkok Bank is not making itself popular with this decision, especially because it issued no prior warning. Bangkok Bank Terminates TDAX Bank Account Even though most people outside of Thailand will have never heard of the Thai Digital Asset Exchange, it is the country’s second-largest cryptocurrency trading platform. Over the years, TDAX has gained a lot of attention and seemingly had a solid relationship with Bangkok Bank. For some unknown reason, the financial institution suddenly decided to terminate the exchange’s bank account. An official statement mentions that TDAX was not operating in accordance with its business purpose registered with the Commerce Ministry. Bangkok Bank is the first...

Viberate Partners with Changelly and Opens a Way for a Mass Token Adoption

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[ad_1] The token for the live music industry has just become available to a much broader audience, since it’s now available for purchase with Visa or Mastercard via Changelly.com. Listing the token on the service also allows for the direct exchange with all other coins and tokens, which makes it even easier to buy VIB with all major cryptocurrencies and tokens. Disclosure: This is a Sponsored Article Listing the token on Changelly also opens an alternative purchase option for those who already have other coins and tokens, but do not want to use numerous crypto exchanges. However, Viberate’s co-founder Vasja Veber points out that this deal is especially important to those who are about to enter the world of cryptocurrencies: “ After our successful ICO I spent hours explaining how to buy our token to friends and family, who heard about Bitcoin just recently and have no idea what a token is. Before Changelly they needed to open an account at a major exchange, wait to get...

What Is Factom?

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[ad_1] Blockchain technology can be used for many different purposes. Its main appeal is being able to securely store documents which cannot be altered at a later stage. Factom is providing such a solution as we speak, as the company focuses on being practical for those looking to preserve and validate digital assets. What is Factom Exactly? Factom is designed to become a practical blockchain solution on top of which to build applications. Its primary user group is the enterprise sector, although Factom is accessible to anyone who wants to focus on building dApps. With its core technology, Factom aims to provide people with the means to improve collaboration and interaction with data and digital assets. It is compatible with existing systems and can be deployed pretty quickly. Under the Hood As of right now, there are two key products which set Factom apart from its competitors. First of all, there is the Factom harmony product. This solution converts document management syste...

What Is NavCoin?

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[ad_1] Even though there are thousands of cryptocurrencies on the market today, it goes to show there is still a growing demand for more convenient solutions. NavCoin purports to provide that solution, as it aims to simplify the concept of cryptocurrency altogether. NavCoin in a Nutshell NavCoin is, like virtually all other cryptocurrencies, a decentralized form of peer-to-peer money. It uses the Bitcoin code as a base, yet adds some unique features and functionality to the mix. With a strong focus on making online payments easier and cheaper, it is evident this currency brings some interesting competition to the marketplace. Moreover, it seems NavCoin focuses strongly on user privacy, which is something a lot of people will appreciate. How Does it Work Exactly? There are many aspects of  NavCoin which piqued our interest . First of all, the currency supports Segregated Witness, similar to Bitcoin and Litecoin. There are also a few different wallet solution...