Bitcoin auction to be held by the US Marshals Service

There is an auction of approximately 2,170 bitcoins announced by the US Marshals Office that were seized in various federal criminal, civil and administrative cases, as stated in a March 5 press release.

The auction date, as informed, will be held on March 19, 2018 from 8:00 AM to 2:00 PM EDT. Bidders interested in participating in the auction will need to go through a registration process, along with a $200,000 deposit, which must be completed by noon on March 14th EDT.

Bitcoins will be split and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of approximately 70 BTC. A personal notification will be sent to winning bidders on the same day as the auction.

The US Marshals Service has published on its website a list of the set of cases from which bitcoins have been seized in the form of an official notice. Sean Bridges, one of the record holders, was convicted of stealing $800,000 in bitcoins in 2015.

The US Marshals Service has previously held auctions of bitcoins that were seized in civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, an amount worth over $40 million based on the exchange rate for that particular day.

The previous auction was held in August 2016 where 2700 BTC were sold. The estimated market value at the time was close to $1.6 million.

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Is Bitcoin Harvesting Over? Active trading for those betting on Tether

The inflow of institutional cash on all accounts has been delayed and the purchase of Bitcoin is currently only an inflow of USDT tokens.

The days of energy shoppers maxing out their charge cards to buy bitcoins may be over. In fact, even Korean markets have cooled. Anyway, the exchange is coming – this time spared by the resource Tether (USDT). At first glance, Bitcoin’s value levels are good, at $6,743.53. while altcoins slide, bitcoin maintains its position and its value strength once again expanded to 43.2% of the total market cap for all coins and tokens.

In any case, the goal for this could be liquidity full of tokens. The printing of USDT harmonized with the rapid movement of Bitcoin starting in the middle of 2017. Anyway, by now, any infusion of USDT was additionally triggering excited buying through all other possible means. Right now, newcomers are either looking at the sidelines or most have lost the expectation that there are even faster additions that can be made in crypto. Anyway, for committed brokers, using USDT is another source of income.

Despite the fact that over 2.7 billion USDT have been made, not every one of them has found its way to the BTC exchange. Until recently, the supply of USDT on BTC exchanges was close to and below 20%, with stable levels in Japanese yen, US dollars, Korean won, and several different monetary standards. Anyway, now the photo changed quickly, completed over several days.

As indicated by information from CryptoCompare, over 54% of all BTC exchanges are Tether transactions, due to Bitfinex’s massive exchange offer. It appears that the crypto markets have now moved to a stage where all trades are inward, and in the next few years costs may only change in light of the activities of crypto insiders, not institutional brokers from the common fund universe.

Half a month ago, Tether entered a bunch of altcoins – and now it looks like the attraction is shifting to Bitcoin. While this may be certain in terms of costs, no matter how you look at it, it additionally suggests that for new Bitcoin buyers, the supply back into fiat welfare is actually unsettling, and they may end up with USDT tokens – which it can, in principle it is demanded back for money, but the procedure is moderate and there is a value penalty.

Meanwhile, crypto resource TrueUSD (TUSD) saw its supply contract from 88 million to 81 million tokens, appearing as if the tokens were signed and transformed into cash. For TUSD, reverse trading should be simpler – but this also implies an outflow of assets from the digital market.

Panaesha Capital Exchange (PCEX)

Introduction to PCEX

PCEX is a user-friendly crypto exchange supporting both digital currency to digital currency and digital currency to fiat currency trading. With multiple layers of security frameworks, PCEX is one of the most secure crypto exchanges in the world. The platform has a superior order matching mechanism and offers limit trading to allow clients to trade at the best price available in the market.

One of the biggest drawbacks of crypto exchanges is the lack of liquidity; PCEX will form strategic partnerships to ensure high liquidity of clients’ assets. The platform has the lowest transaction fees in the market to preserve traders’ profit margins.

PCEX Broker/Sub-Broker Channels

PCEX’s broker and sub-broker channels are some of the best services the platform has to offer.

The platform has a well-trained pipeline of brokers and sub-brokers who are equipped to guide clients to digital currency best practices. The channel is also a link between the customers and the platform.

As a broker/sub-broker, help your clients grow their revenue by taking them to the fastest growing market in the world; digital currency market. The crypto industry peaked in 2017-2018, growing to a $14 billion market with hundreds of investors. Known as the fastest growing industry in the current market, the crypto industry has the highest return on investment among all investments, including stocks, real estate and mutual funds. As brokers and sub-brokers, take a piece of this profitable market by helping your clients grow their returns exponentially.

Benefits of being a PCEX broker/sub-broker

In addition to the opportunity to enter a thriving industry, PCEX brokers and sub-brokers have several attractive advantages:

High Brokerage Fee: PCEX’s fee structure is geared towards benefiting brokers and sub-brokers and less inclined to simply collect profit. By ensuring that agents are well compensated, PCEX aims to expand the network to customers, not just an initial profit.

Unlimited Incentives: The platform offers significant incentives to brokers and sub-brokers for each individual service.

Market Training: By joining PCEX, brokers and sub-brokers are entitled to free training from experts in the field. Panaesha Capital will equip agents with the tricks of the trade to enable them to guide PCEX clients to successful crypto trading.

Conclusion

Join the highly profitable cryptocurrency trading industry as a broker/sub-broker with PCEX. The platform has some of the best features on the market and offers clients high liquidity and the lowest transaction fees. Earn high brokerage fees and attractive bonuses while helping your clients reach their maximum potential in crypto trading.

Cryptocurrency: The Disruptor of Fintech

Blockchains, sidechains, mining – the terminologies in the arcane world of cryptocurrencies keep piling up by the minute. While it sounds counterintuitive to introduce new financial terms into an already complex world of finance, cryptocurrencies offer a much-needed solution to one of the biggest annoyances in today’s money market – the security of transactions in the digital world. Cryptocurrency is a defining and disruptive innovation in the fast-paced world of financial technology, a timely response to the need for a secure medium of exchange in the days of virtual transactions. In a time when transactions are all numbers and numbers, cryptocurrency offers to do just that!

In the most basic form of the term, cryptocurrency is a proof of concept for an alternative virtual currency that promises secure, anonymous transactions via a peer-to-peer online network. The misnomer is more of a property than an actual currency. Unlike everyday money, cryptocurrency models operate without a central authority, as a decentralized digital mechanism. In a distributed cryptocurrency mechanism, money is issued, managed and approved by the community’s collective peer network – the continuous activity of which is known as mine on a partner’s machine. Successful miners also receive coins as a thank you for their time and resources used. Once used, the transaction information is broadcast to a blockchain network under a public key, preventing any coin from being spent twice by the same user. Blockchain can be seen as the cash register. Coins are secured behind a password-protected digital wallet representing the user.

The supply of coins in the world of digital currency is pre-decided, without manipulation, by any person, organization, government body and financial institution. The cryptocurrency system is known for its speed, as transactional activities through digital wallets can materialize funds within minutes compared to the traditional banking system. It is also largely irreversible by design, further strengthening the idea of ​​anonymity and eliminating any further chance of tracing the money back to its original owner. Unfortunately, the main features – speed, security and anonymity – have also made crypto coins a mode of transaction for many illegal transactions.

Just like the money market in the real world, exchange rates fluctuate in the digital coin ecosystem. Due to the limited supply of coins, as the demand for the currency increases, the value of the coins increases. Bitcoin is the largest and most successful cryptocurrency to date, with a market cap of $15.3 billion, capturing 37.6% of the market and currently priced at $8,997.31. Bitcoin hit the forex market in December 2017, trading at $19,783.21 per coin, before facing a sudden decline in 2018. The decline was partly due to the rise of alternative digital coins such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Due to hard-coded limits on their supply, cryptocurrencies are considered to follow the same economic principles as gold – the price is determined by limited supply and fluctuations in demand. With exchange rates constantly fluctuating, their sustainability remains to be seen. Therefore, investing in virtual currencies is currently more of a speculation than a daily money market.

At the beginning of the industrial revolution, this digital currency was an invariable part of the technological collapse. From the perspective of a casual observer, this rise can seem simultaneously exciting, threatening and mysterious. While some economists remain skeptical, others see this as a lightning revolution for the money industry. Conservatively, digital coins will displace roughly a quarter of national currencies in developed countries by 2030. This has already created a new asset class alongside the traditional global economy, and a new set of investment vehicles will come from crypto-finance in the coming years. Recently, Bitcoin may have declined to draw attention to other cryptocurrencies. But this is not a signal for the collapse of the cryptocurrency itself. While some financial advisors emphasize the role of governments in cracking down on the illegal world to regulate the machinery of central government, others insist on continuing the current free flow. The more popular cryptocurrencies are, the more scrutiny and regulation they attract—a common paradox that plagues the digital banknote and undermines the very purpose of its existence. Either way, the lack of intermediaries and oversight makes it extremely attractive to investors and makes day trading change dramatically. Even the International Monetary Fund (IMF) fears that cryptocurrencies will displace central banks and international banking in the near future. After 2030, regular trading will be dominated by a cryptocurrency chain that will offer less friction and greater economic value between tech-savvy buyers and sellers.

If cryptocurrency seeks to become an essential part of the existing financial system, it will need to satisfy many different financial, regulatory and societal criteria. It will need to be hacker-proof, user-friendly and highly secure to offer its primary benefit to the mainstream monetary system. It should preserve the anonymity of users without being a conduit for money laundering, tax evasion and internet fraud. Since they are mandatory for the digital system, it will take a few more years to know if the cryptocurrency will be able to compete with the real world currency in its prime. While it is likely to happen, the cryptocurrency’s success (or lack thereof) in meeting the challenges will determine the fate of the monetary system in the coming days.

Bitcoin trading and business

The future of cryptocurrencies

When you look at the crypto-based currency market, it will seem exciting, concerned and mysterious at the same time. The pioneer, Bitcoin, has gained immense popularity over the past few years. The currency, no doubt, fell significantly, but it again regained its positions. Additionally, ICOs for new crypto-based currencies are emerging at a rapid pace.

A lot of money is invested in the Bitcoin industry

We cannot ignore the fact that huge funds have been invested in the domain. But according to financial experts, the whole future looks a little skeptical. The future of cryptocurrency is based more on the predictions of technological trends and speculations made. There are some proponents of cryptocurrency who see a bright future, while others warn people about the future of cryptocurrency.

Changing national currencies by 2030

Some of the leading futurists believe that cryptocurrency will stay and rule the financial market. Cryptocurrencies are predicted to replace national currencies by almost 25% by 2030. Crypto-based currencies are considered more efficient, especially because of the way they function. Therefore, replacing national currencies will not be a big deal.

In 2009, when Bitcoin was introduced, it showed great potential and was successful. Within a year, it was booming and its growth still continues, making it legal tender and an asset in several nations. Over the past few years, several other cryptocurrencies have emerged and their popularity has led to the legitimization of the new asset or currency, separate from the conventional currencies operating in the global financial economy.

We cannot deny the fact that there will be money that will be lost in the crypto-based currency economy. But it is also believed that there is a great opportunity to realize profitable income.

You cannot expect crypto-based currencies to function like cash

Cryptocurrencies operate on blockchain technology and are not tied to a centralized authority unlike traditional currencies. Some experts often refer to it as the blockchain economy. The IRS considers cryptocurrency more property than actual currency. It would not be wrong to say that Bitcoin is more or less similar to selling real estate.

When you sell your bitcoins, you are giving away the discrete digital information to someone else. There are several Visa companies that have already made using cryptocurrencies easier for regular transactions. But cryptocurrency is still something that needs to take a strong position in the mainstream economy.

Best Cryptocurrencies of 2018: What Are the Best Alternatives to Bitcoin?

Important: This post should not be considered investment advice. The author focuses on the best coins in terms of actual usage and adoption, not from a financial or investment perspective.

In 2017, crypto markets set the new standard for simple profits. Almost every piece or chip made incredible returns. “A rising tide floats all boats,” as the saying goes, and the end of 2017 was a deluge. The price increase created a positive feedback loop that attracted more and more capital into Crypto. Unfortunately, but inevitably, this galloping market leads to huge investments. Money was thrown indiscriminately into all sorts of dubious projects, many of which would fail.

In the current bearish environment, hype and greed have been replaced by critical appraisal and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic speeches are no longer enough. Well, the main reasons to buy or hold a coin are again paramount.

Key Factors in Cryptocurrency Valuation-

There are some factors that tend to dominate the hype and price pumps, at least in the long run:

Adoption angle

Although a cryptocurrency technology or ICO business plan may seem surprising without users, they are simply dead projects. It is often forgotten that broad acceptance is a fundamental characteristic of money. In fact, it is estimated that over 90% of Bitcoin’s value is a function of the number of users.

While the adoption of fiat is mandated by the state, the adoption of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Security

Decentralization is essential to the I push model of a true cryptocurrency. Without decentralization, we have a bit closer to a Ponzi scheme than a true cryptocurrency. Trust in individuals or institutions is the problem that cryptocurrency tries to solve.

If dismantling a coin or a central controller can change the transaction record, it calls into question its basic security. The same goes for parts with unproven code that haven’t been thoroughly tested over the years. The more you can count on the code to function as described, regardless of human influence, the more secure the coin is.

Innovation

Valid coins strive to improve their technology, but not at the expense of safety. True technological progress is rare because it requires a lot of expertise and also wisdom. While there are always fresh ideas that can be screwed up, if this makes vulnerabilities or critics of a coin’s original purpose, it misses the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or not receiving updates that address important issues, it may be a sign that the developers are low on ideas or motivation.

Incentives

The economic incentives inherent in currency are easier for the average person to perceive. If a coin has had a large pre-mining or ICO (initial part offering), the team has held a significant share of chips, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you play your game and enrich it. Be sure to provide tangible and reliable value in return.

5 Cryptocurrencies to Buy in 2018

There has never been a better time to reassess and rebalance a crypto portfolio. Based on their solid foundation, here are five pieces that I think are worth holding on to or perhaps buying at their current depressed prices (which, just a warning, may drop lower).

#1. Bitcoin (because of its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, the most security (due to the phenomenal power consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be relevant), and the most from development is active and rational. It is also the only piece to date that has been introduced to traditional markets in the form of Bitcoin futures trading on the US CME and CBOE.

Bitcoin remains the main driver; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most if not all other parts will widen.

Bitcoin has several promising innovations that will soon be installed as additional layers or soft forks. Examples are the Flash (LN) system, wood, Schnorr signatures Mimblewimbleund many more.

Specifically, we plan to open up a new range of applications for Bitcoin as it enables large-scale microtransactions and instant and secure payouts. LN is increasingly stable as users test their various options with real bitcoins. As it becomes easier to use, it can be assumed that it will greatly benefit from the adoption of Bitcoin.

#2. Litecoin (due to its sustainability)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, incredible reports indicate that the adoption of Litecoin in the dark markets is now second only to bitcoin. Although it is a currency that I have much better suited to the role of acquiring illegal goods and services, perhaps this is presented as a result of Litecoin’s longevity: It was launched in late 2011.

Another factor in Litecoin’s favor is that it integrates the Bitcoin SegWit technology, which means that Litecoin is LN-ready. Litecoin could benefit from an atomic chain exchange. In other words, secure peer-to-peer trading of currencies without the involvement of third parties (i.e. exchanges). Because Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical progress.

#3. Ethereum (due to smart contracts)

Ethereum (ETH) has some big problems right now. First of all, governments crack down on ICOs, and rightly so: many have turned out to be either fraudulent or bankrupt. Since most icos run on the Ethereum network as an ERC token 20, the ICO craze has brought a lot of value to Ethereum in recent years. If proper rules are taken to protect investors, Ethereum project scams can claim some legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid battery operation and detection system. The Ethereum mining GPU is currently profitable, but Bitmain just announced an Ethereum ASIC minor, which will likely have an impact on GPU miners’ bottom lines. Whether this will change the POW and how successful that change will be remains to be seen.

If Ethereum manages to survive, these two main issues – regulation and mining – will show great resilience. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc.), Cardano (ADA), and EOS.

#4. Monero (because of its anonymity)

Although its adoption in the dark markets is not all that one might expect, I (XMR) remains the privacy of the Prime Minister. Its reputation and market cap are still above those of its rivals – and for good reason.

Monero’s code requires less trust than Zcash’s “loyal” key ceremony and had an honest start, unlike Dash. That Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm confirms the commitment of the mining decentralization part. A significant drop in hashing speed is due to the new version constantly reporting against the ASIC. This could also be an opportunity for GPUs and even secondary processors to contact me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

#5. iPRONTO (Decentralized Incubation Platform)

iPRONTO is an incubation platform Ethereum chain dedicated to investors who are looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, experts in the field about the practice and application of derived ideas.

Innovators’ ideas are supported as the NES in Smart Contract format will be signed between the expert platform and the client if the client’s business idea is before the committee for review and registration on the platform. The idea will not be published to all users of the chain’s public platform, but only to selected members of the target community who are willing to sign the Smart contract to keep the idea confidential.

6 benefits of investing in cryptocurrencies

The birth of Bitcoin in 2009 opened the door to investment opportunities in a whole new kind of asset class – cryptocurrency. Many entered space very early.

Intrigued by the huge potential of these emerging but promising assets, they bought crypto at low prices. Consequently, the rise of 2017 made them millionaires/billionaires. Even those who didn’t bet much reaped decent profits.

Three years later, cryptocurrencies still remain profitable and the market is here to stay. You may already be an investor/trader, or you may be considering trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report titled Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as outcasts, but as alternatives to existing monetary systems. Their advantages, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital age, will be recognised.

Specific regulatory guidelines would promote cryptocurrencies and encourage their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and almost 350 million by 2035.

Opportunity to be part of a growing community

WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. This has become a grassroots movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the recent Supreme Court ruling that overturned the RBI’s 2018 ban on crypto banking has instilled a new surge of confidence among Indian Bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer report also points to people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you are part of a thriving and fast-growing community.

Increased earning potential

Diversification is a basic rule of investing. Especially in these times when most of the assets have suffered heavy losses due to economic hardship caused by the COVID-19 pandemic.

While the Bitcoin investment has returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have registered triple digit ROI. Stock markets, as we all know, have seen dismal results. Crude oil prices fell below zero in the month of April.

Including Bitcoin or other cryptocurrencies in your portfolio would protect the value of your fund in such uncertain situations in the global market. This fact was also impressed upon billionaire macro hedge fund manager Paul Tudor Jones when he announced his plans to invest in Bitcoin a month ago.

Cryptocurrency markets operate 24X7X365

Unlike regular markets, cryptocurrency markets work around the clock, all days of the year without fatigue. This is because digital currency systems are essentially designed using pieces of software code that are protected by cryptography.

The operational plan does not involve human intervention. So you are free to trade crypto or invest in digital assets whenever you want. This is a great benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.

Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736

No documents or formalities are required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly large amount of documentation is required to prove yourself as an “accredited investor”, crypto-investing is free for all. In fact, this was the intended purpose behind the creation of cryptocurrencies. The democratization of finance/money.

To buy any cryptocurrency on WazirX, you need to open an account for which you just need to provide some basic data, including your bank account information. Once they’re checked, within a few hours, you’re good to go.

Sole Proprietorship in Investments

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction is carried out according to the peer-to-peer scheme.

Unlike bonds, mutual funds, stockbrokers, no third party “manages your investment” for you. You manage the buying and selling whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities to invest and build a corpus on your main capital “independently”.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.

What cryptocurrencies are good to invest in?

This year, the value of Bitcoin has soared, even above one ounce of gold. There are also new cryptocurrencies in the market, which is even more surprising, increasing the value of cryptocurrencies to more than a hundred billion. On the other hand, the long-term outlook for cryptocurrency is somewhat clouded. There is controversy about the lack of progress among the core developers, which makes it less attractive as a long-term investment and as a payment system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market cap of around $41 billion and has been around for the past 8 years. All over the world, Bitcoin is widely used and so far there is no exploitable weakness in the way it works. As both a payment system and a store of value, Bitcoin allows users to easily receive and send Bitcoins. The blockchain concept is the foundation upon which Bitcoin is based. It is necessary to understand the concept of blockchain to get an idea of ​​what cryptocurrencies are.

Simply put, blockchain is a database distribution that stores each network transaction as a piece of data called a “block”. Every user has blockchain copies, so when Alice sends 1 Bitcoin to Mark, every person on the network knows it.

Litecoin

An alternative to Bitcoin, Litecoin attempts to solve many of the problems holding Bitcoin back. It is not as stable as Ethereum, with its value mostly due to solid user adoption. It’s worth noting that Charlie Lee, a former Google employee, runs Litecoin. He also practices transparency with what he does with Litecoin and is quite active on Twitter.

Litecoin was second fiddle to Bitcoin for quite some time, but things started to change in early 2017. First, Litecoin was accepted by Coinbase along with Ethereum and Bitcoin. Litecoin then fixed Bitcoin’s problem by adopting Segregated Witness technology. This enabled him to lower transaction fees and do more. However, the deciding factor was when Charlie Lee decided to focus solely on Litecoin and even left Coinbase, where he was the Director of Engineering, just for Litecoin. Because of this, the price of Litecoin has risen in the last few months, the strongest factor being the fact that it can be a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, a superstar programmer, invented Ethereum, which can do everything Bitcoin can do. However, its main purpose is to be a platform for building decentralized applications. Blockchains are where the differences between the two lie. Basically, the Bitcoin blockchain records a type of contract that indicates whether funds have been moved from one digital address to another. However, there is significant expansion with Ethereum as it has a more advanced scripting language and has a more complex, wider range of applications.

Projects began to spring up on Ethereum as developers began to notice its better qualities. Through token sales, some have even raised millions of dollars and this is still an ongoing trend even today. The fact that you can create wonderful things on the Ethereum platform makes it almost like the Internet itself. This caused the price to skyrocket so that if you bought a hundred dollars worth of Ethereum at the beginning of this year, it would not be valued at almost $3000.

Monero

Monero aims to solve the problem of anonymous transactions. Even if this currency is perceived as a money laundering method, Monero aims to change that. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain, with every transaction being public and recorded. With Bitcoin, anyone can see how and where money has been moved. However, there is a somewhat imperfect anonymity of bitcoins. In contrast, Monero has an opaque rather than a transparent transaction method. No one is completely sold on this method, but since some people love privacy for any purpose, Monero is here to stay.

Zcash

Unlike Monero, Zcash also aims to solve the problems that Bitcoin has. The difference is that instead of being completely transparent, Monero is only partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not everyone likes to show how much money they actually spent on Star Wars memorabilia. Thus, the conclusion is that this type of cryptocurrency does have an audience and a demand, although it is difficult to say which cryptocurrency that focuses on privacy will ultimately come out on top of the heap.

Bancor

Also known as a “smart token”, Bancor is a new generation cryptocurrency standard that can support more than one token in reserve. Basically, Bancor tries to facilitate the trading, management and creation of tokens by increasing their level of liquidity and allowing them to have a market price that is automated. Bancor currently has a front-end product that includes a wallet and smart token creation. There are also community features such as statistics, profiles and discussions. In short, the Bancor protocol enables the discovery of an embedded price as well as a liquidity mechanism for smart contract tokens through an innovative reserve mechanism. Through a smart contract, you can instantly liquidate or purchase any of the tokens in Bancor’s reserve. With Bancor, you can create new cryptocurrencies with ease. Who wouldn’t want that?

EOS

Another Ethereum competitor, EOS promises to solve Ethereum’s scaling problem by providing a set of tools that are more robust for launching and building applications on the platform.

Tezos

An alternative to Ethereum, Tezos can be consensually upgraded without much effort. This new blockchain is decentralized in the sense that it is self-governing by creating a true digital community. It facilitates a mathematical technique called formal verification and has features to enhance the security of the most financially sensitive smart contract. Definitely a great investment in the coming months.

Judgment

It is extremely difficult to predict which Bitcoin on the list will become the next superstar. However, user acceptance has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and even if there is great support from early adopters of each cryptocurrency on the list, some have yet to prove their durability. However, these are the ones to invest in and watch out for in the coming months.

Crypto TREND 2017-01

Everyone has heard how Bitcoin and other cryptocurrencies have made millionaires of those who bought only a year ago. Profits of 1000% or more are not just possible, they are common with many of these cryptocurrencies. Someone who bought Bitcoin in May 2016 at less than $500 would have a 1400% profit in about 17 months. Then in the last few days we have seen Bitcoin lose almost $1000, so to say that these cryptocurrencies are volatile would be a huge understatement.

Since the inception of Bitcoin in 2008, we at Trend News have been skeptical about the ability of cryptocurrencies to survive, given that they pose a very clear threat to governments that want to see and tax all transactions. But while we may still be wary of actual cryptocurrencies, we are very aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe that this technology will be a significant disruptor in the way data is managed, and that it will affect every sector of the global economy, similar to how the Internet has affected media.

Here are some questions and answers to get you started…

Q: What are cryptocurrencies?

The most famous crypto currency (CC) is BITCOIN. It was the first CC launched in 2008. Today there are more than 800 CCs including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currency.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Because each Blockchain database is widely distributed, it is believed to be immune to hacking as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often called “miners”, who validate transactions. One CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will provide more details in upcoming news posts.

Q: What is BLOCKCHAIN?

Blockchain is the technology that underlies all CCs. Every transaction to buy, sell or exchange CC is entered into a BLOCK which is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry as transactions can be completed quickly and easily, reducing or eliminating fees. The technology is also being explored for applications in many other industries.

Q: Are CC exchanges regulated by the government?

For the most part, the answer is NO, which for some consumers is a big draw in this market. It’s the “wild west” at the moment, but governments in most developed countries are studying this market to decide what regulation might be needed. A big decision is whether to treat CC as a currency or as a commodity / security. Canada and the US have so far declared CCs to be legal, but the situation remains volatile in terms of reporting and tax implications. Crypto TREND will monitor and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges” that act as a broker. You start by selecting an exchange, creating an account, and transferring fiat currency into your account. You can then place your BUY and SELL CC orders. There are many exchanges around the world. Opening an account is relatively easy and all these exchanges have their own rules for initial funding and withdrawals.

Crypto TREND will recommend CC Exchanges in the future.

Q: Where do I keep my CC?

To have the freedom to move your cryptocurrencies and pay bills, you will need to have a digital wallet. These wallets come in several formats, such as desktop, cloud-based, hardware (USB), mobile and paper. Many are FREE, but security is a big factor as no one ever wants to lose their wallet or have it stolen. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for some financial transactions, such as money transfers and bill payments. The list of companies accepting cryptocurrency is growing rapidly and includes big hits like Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

To begin with, we will keep each of the Crypto TREND articles short and keep the scope of each one as narrow as possible. As we noted earlier, we believe that cryptocurrency technology will be a game-changer and potential investment opportunities like this come along once or twice in a lifetime. Make no mistake, early investing in this sector will only be for your most speculative capital, money you can afford to lose.

Even if you don’t want to invest right now, understanding this new disruptive technology early will put you in an advantageous position to take advantage of our recommendations as we move forward.

Expect to see more news and specific recommendations from Crypto TREND as we begin this journey into what may at first seem like a foreign jungle. It is a volatile market and may not appeal to all investors, but Crypto TREND will be your guide if and when you are ready.

Stay on the line!

Decentralized Finance (DeFi) on Ethereum: The Future of Finance?

Decentralized finance, or “DeFi” for short, has taken the crypto and blockchain world by storm. However, its recent resurgence has masked its roots in the bubble era of 2017. While everyone and their dogs were doing Initial Coin Offerings, or ICOs, few companies saw blockchain’s potential far beyond its rapid price rise. These pioneers envisioned a world where financial applications from trading to savings to banking and insurance would be possible simply on the blockchain without any intermediaries.

To understand the potential of this revolution, imagine having access to a savings account that yields 10% annual returns in US dollars, but without a bank and with virtually no risk of funds. Imagine being able to trade crop insurance with a farmer in Ghana sitting in your office in Tokyo. Imagine being able to be a market maker and earn fees as a percentage that any Citadel would want. Sound too good to be true? It’s not. That future is already here.

Building blocks of DeFi

There are some basic building blocks of DeFi that you need to know before we move forward:

  • Automated market making or exchanging one asset for another without trust without an intermediary or clearing house.

  • Over-collateralized lending or the ability to “leverage your assets” for traders, speculators and long-term holders.

  • Stablecoins or algorithmic assets that track the price of an underlying asset without being centralized or backed by physical assets.

Understanding how DeFi is done

Stablecoins are often used in DeFi because they mimic traditional fiat currencies like the USD. This is an important development because the history of crypto shows how fickle things are. Stablecoins like DAI are designed to track the value of the USD with minor deviations even during strong bear markets ie. even if the price of crypto crashes like the bear market of 2018-2020.

Lending protocols are an interesting development, usually built on top of stablecoins. Imagine if you could lock up a million dollars worth of your assets and then borrow against them in stablecoins. The protocol will automatically sell your assets if you default on the loan when the collateral is no longer sufficient.

Automated market makers form the foundation of the entire DeFi ecosystem. Without it, you remain in the legacy financial system where you have to trust your broker or clearing house or exchange. Automated Market Makers, or AMM for short, allow you to trade one asset for another based on a reserve of the two assets in its pools. Price discovery takes place through external arbitrations. Liquidity is collected based on other people’s assets and they get access to trading fees.

You can now tap into a wide variety of assets in the Ethereum ecosystem without ever having to interact with the traditional financial world. You can make money by borrowing assets or being a market maker.

For the developing world, this is an incredible innovation because they now have access to the full range of financial systems in the developed world without barriers to entry.