Saturday 24 March 2018

How to know if the GUI wallet is synced : Monero


I remember waiting two days for the GUI wallet to sync a couple months back and it seemed stuck, so I gave up on it. I just started it up now and it’s not telling me it’s syncing… so does that mean it’s synced? It does say “Network status Connected”.

I’m guessing the daemon must have been running in the background and when I thought it was stuck, it was just really slow.

Anyhow, is there some definitive way for me to tell if its synced or not?



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source http://bitcoinswiz.com/how-to-know-if-the-gui-wallet-is-synced-monero/

Thursday 15 March 2018

5 Blockchain Challengers Addressing Mammoth Markets


Instead of chasing the hype, savvy cryptocurrency investors choose to do their own due diligence. Finding a solid investment is often easier when one tunes out the media, which is simply a collection of channels that trumpet projects with larger advertising budgets, and not those with the most potential.

Blockchain startups that spend more effort gathering ICO contributors than pushing their team to meet roadmap goals aren’t always the best investments, so it’s worthwhile to take a different perspective. To find the cream of the crop, ignore the buzz and look towards the world’s biggest, most lucrative industries instead.

Sectors like oil and gas, retail, and pharmaceuticals are ripe for disruption. Blockchain solutions that are likely to claim a large slice of these markets are an opportunity for early investors, but they frequently fly under the radar. With no shortage of investment capital (sometimes from existing industry players), working minimum viable products, and a focus on research and development rather than notoriety, it’s hard for those who only browse ICO aggregators to get informed. The globe’s most significant industries are listed below, along with the relevant blockchain solutions already making leaving their mark.

It goes without saying that all humans share a common need for sustenance. The food industry is one of the world’s largest, and involves growing, harvesting, shipping, preparing, and selling staples to people everywhere. Whether in the grocery store, one’s favorite local restaurant or a simple cafĂ© kiosk, all food must come from somewhere. The increasing globalization of food means that the origins of any single meal are less predictable, and so blockchain company Ripe.io is making it easier to achieve greater culinary transparency. By empowering everyone on the supply chain from farm to table with a comprehensive IoT-driven platform, Ripe.io uses the decentralized ledger to give quality-conscious eaters the ability to know exactly where their meal is sourced, what’s in it, and what happened to it along the way.

  • Automotive: Oaken Innovations

The Internet of Things is a pertinent tool for the future of the automotive industry, which by all indications is heading towards increased autonomy. Connecting a car to wireless internet is useful for many reasons, including better navigation, recognition of traffic patterns, pushing software updates and even paying tolls. Oaken Innovations has taken the latter idea and run with it, collaborating with some impressive partners like Toyota and MIT. By installing Ethereum nodes called Acorns into vehicles and the machines in their periphery, autonomous cars are seamlessly integrated into the ledger. Their first success was a Tesla that pays tolls on its own, and the company is busily developing other smart functionality for the future of transportation as well.

One of the oldest and most important markets, due largely to our dependence on what they produce, oil and gas has long proved resistant to change. Services that seek to disrupt or threaten this sector are hard-pressed to succeed, so a better strategy is to create solutions that benefit all stakeholders rather than displace them. Ondiflo recognized blockchain as the best method for increasing efficiency in this area and seeks to digitize and sync operations between entities up and down the supply chain. It’s connected ledger keeps precise track of oil and gas meters, providing transparent, accurate measuring and cash-to-order systems. Such a system will be crucial for basic operations like field ticketing, which informs those further down the chain how much oil was extracted from the field. By losing the paper systems for such processes, Ondiflo helps the industry to streamline itself, reduce overheads, and profit accordingly.

The retail space encompasses an astounding variety of businesses. When buying products online or in the store, most people still use physical fiat money like dollars or euros, and bitcoin was the first real blockchain product to offer an alternative. However, the idea of ‘digital cash’ is already played out, so it’s up innovative creative companies to offer cryptocurrencies with the same functionality—but also more purposeful utility. An excellent example is found in HoToKeN, a cryptocurrency platform that encourages healthier relationships between retailers and their customers. By paying customers in HTKN for custom missions—like answering a questionnaire, posting an image on social media, or writing a review—users are incentivized with in-store redeemable currency for the value they generate. Participating merchants also reap the rewards from better promotional opportunities and the ability to collect more granular data.  The value proposition is more beneficial and sustainable than options like Groupon or Shopee and is already being resoundingly embraced in Asia.

Like with oil and food, full transparency is crucial, and only truly attainable with blockchain. Fake pharmaceutical products like pills and cough syrups are dangerous, and unfortunately rampant in certain parts of the world. Third-party suppliers might seek to cut costs by reducing the potency of their drugs, or even putting placebos in their place. Additionally, licensing and distribution of drugs is difficult to standardize between labs, manufacturers, distributors and doctors. Recently, logistics innovator Viant partnered with GlaxoSmithKline to introduce pharma to the ledger which can immutably track the movement and quality control enforcement of drugs better than any alternative. Partly to comply with laws like the Drug Supply Chain Security Act, Viant is already making inroads with the US government and may succeed in helping them mandate blockchain as a necessary component for the entire industry.

Follow the Money

Instead of listening to the latest YouTube video on the hottest upcoming ICOs, study the areas where blockchain can make the biggest difference. In sectors through which trillions of dollars flow annually, identify those blockchain solutions likely to claim even one percent of the market. A few well-placed investments in one’s cryptocurrency portfolio will give it a greater upward trajectory and help turn participants into true stakeholders of the future.

 



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source http://bitcoinswiz.com/5-blockchain-challengers-addressing-mammoth-markets/

Wednesday 14 March 2018

John Lee Dumas and building a 6 figures business


Summary

John Lee Dumas is the Host of eofire.com. He helps people break through and start their entrepreneurial journey. John has a top rated podcast with more than 1 millions downloads and generate more than 250 000$ a month in revenue. We talk about what it takes to be successful and is daily routine.

Items mention during the show

The Freedom Journal

FreePodcastCourse.com

Daily routine eofire.com/daily

In this episode you will learn:

  • How to build a tribe of people that want to listen to you
  • How to start a podcast from zero to hero.
  • how to engage one on one with your tribe
  • How John Lee Dumas schedule is day



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source http://bitcoinswiz.com/john-lee-dumas-and-building-a-6-figures-business/

Tuesday 6 March 2018

Bitcoin Price ‘More Likely To Hit $100’ Without Illici… | News


A Harvard economist told CNBC Tuesday, March 6 that Bitcoin is “more likely to be worth $100 than $100,000” by 2028. Speaking to reporters during an edition of the network’s Squawk Box segment, professor and economist Kenneth Rogoff implied Bitcoin only had value because of its use in “money laundering and tax evasion.”

“I would see $100 as being a lot more likely than $100,000 ten years from now,” he said, continuing:

“Basically, if you take away the possibility of money laundering and tax evasion, [Bitcoin’s] actual uses as a transaction vehicle are very small.”

Rogoff joins a diminishing number of traditional finance figures still maintaining a firm anti-Bitcoin stance. Despite high-profile naysayers such as JPMorgan CEO Jamie Dimon U-turning on their negative opinions in recent months, others remain highly skeptical.

Last month, Berkshire Hathaway vice president Charlie Munger adopted a particularly harsh tone, telling the audience during an AGM speech that Bitcoin was “totally asinine” and that people investing in it “disgusted” him.

Despite mixed perspectives on price performance, the implication of Bitcoin in organized crime has come under more serious doubt this year. Despite Europol this month suggesting as much as $5.5 bln per year is laundered via cryptocurrency, Bitcoin in particular has lost favor with perpetrators, who allegedly prefer other more anonymous assets such as Monero.

Rogoff meanwhile appears alone in suggesting regulation will force the price of Bitcoin down, not up, while many industry commentators welcome regulatory moves as a step towards mainstream acceptance and adoption.



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How and Where To Buy Cryptocurrency? Overview | News


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Despite the recent news about banks closing their doors on credit card purchases of crypto; one after the other, there are still available options you can use to buy crypto. Let’s see what they are.

The easiest way is to buy cryptocurrency with a debit card on a centralized exchange.

It really is as easy as buying clothes on Amazon. Coinbase, for example, is a popular interface to buy crypto with fiat (fiat = paper currency like dollars or euro).

On Coinbase, users need to create an account and verify identity. After that, they can buy with their debit card.

Rules for verifying identity differ for each exchange/country; generally, users need to at least provide an ID/Passport and enable 2-factor authentication.

Coinbase also has a sister company named GDAX – this type of platform gives users a better idea of how crypto exchanges really work. It features an intuitive interface with many charting tools, trade history, and real-time order books. These are all tools that traders use to make sure that they are getting the most out of their trade. This exchange follows US regulations, bringing it to compliance in USA, Canada, Europe, the UK, Australia, and Singapore.

Image: Buybitcoinworldwide

Bitfinex is another very popular exchange that has been around as early as 2012. Its website boasts being the “most advanced cryptocurrency trading platform” in the world, with many advanced charting tools to equip while trading. The website even has an app that is available for both Android and the iPhone. The core of the exchange is made up of three features: Exchange trading, Margin trading, and Margin funding. The P2P financing market integrated into Bitfinex matches borrowers with lenders to bring the advanced tools of margin trading. A beginner’s guide is offered in their support section so that even a first timer can buy on the site.

The Bitfinex exchange app on iPhone

The Bitfinex exchange app on iPhone

While there are many more places to buy cryptocurrency with fiat, Robinhood is unique in its zero-fee approach and their goals to be an even easier platform to buy cryptocurrency. This exchange/trading app hybrid lets users buy Bitcoin and Ethereum right from their phone with no trading fee. Compare this to Coinbase’s 1.49%-3.99% fees added to every purchase.

Just after the announcement of launching a crypto trading platform, the millennial stock trading app received over 1 million users on their waitlist to try in just five days.

While this app platform is not fully released yet, Robinhood has allowed some users from a few states to begin trading on the app.

Not all cryptocurrencies can be bought with fiat

As of now, it’s mostly Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple that have fiat/crypto pairs. To obtain the ~1,546 cryptocurrencies, commonly referred to as “altcoins”, that are listed right now on Coinmarketcap, users need to trade BTC or ETH. Every altcoin has a BTC/crypto pair, and most have ETH pairs as well.

Coinbase offers Bitcoin, Ethereum, Litecoin, and Bitcoin Cash that users can buy with fiat debit cards. To get involved with other altcoins, users will need to send their BTC, ETH, LTC or BCH over to an exchange that has all of these pairs. The two most popular fluctuate between Binance and OKex, both of which are well trusted global exchange networks.

How to buy with Cash – P2P

Buying Bitcoin with cash can be as simple as giving money to your friend in exchange for BTC. For those who don’t know anyone with BTC (or anyone that wants to sell), there are decentralized, p2p sites to meet with people. LocalBitcoins works worldwide as an advertising community board for users to agree on a price beforehand, and then meet in person to trade. It might take a lot of time to process the exchange process, and it might not seem trustworthy enough, as it involves strangers, but it is still popular and has great reviews from users. It is technically a decentralized platform because it involves p2p trading. No middlemen are used to mediate the deal – which means no fees are paid at all.

How to Simply buy Bitcoin (no exchanges involved)

Bitcoin ATM – Bitcoin ATMs are becoming very popular- March tolls about 2,393 Bitcoin ATM machines worldwide, with a steady trend upwards. With these machines, the user shows up to a physical location and either a) buys Bitcoin using fiat currency and has it sent to a Bitcoin wallet or b) sells Bitcoin from the atm to withdraw fiat money. These devices are extremely convenient and allow traders to not have to deal at all with the “trading” part of crypto.

Image: Finance Magnates

Image: Finance Magnates

Buy.Cointelegraph – Cointelegraph has recently partnered up with Simplex to offer a convenient way to buy Bitcoin, Bitcoin Cash, and/or Ethereum. Simplex accepts most credit cards (including Visa and Mastercard) and also accepts some debit and prepaid cards.

buy.cointelegraph.com

buy.cointelegraph.com

Coming Soon: Decentralized Exchanges

While not very popular yet, mostly because the technology is still being worked on, decentralized exchanges (DEXs) are set to become more popular in 2018. DEXs use a trustless AI system to connect traders online. In a centralized exchange, the money goes from the user’s wallet to an escrow, and then to the other user in the trade. Funds stored on centralized exchanges are stored in wallets owned by the company, making funds more susceptible to hacks. In a DEX, user funds are stored in hardware wallets on each user’s computer, and value is never lost; when a trade commences, and instant swap, i.e., atomic swap, occurs so that the money never passes through a middleman. A smart contract is used to keep trust between the two users trading the money.

Altcoin.io is working hard to make the first ever decentralized exchanges for traders, by traders. While many DEXs have bulky, complicated interfaces; Altcoin.io is working to make both a simple interface to quickly exchange crypto, as well as an in-depth, customizable exchange. The team was made famous back in October for successfully completing the first ever BTC-ETH atomic swap – a complicated feat because these two coins run completely different blockchains.

Altcoin.io Preview Interface

Altcoin.io Preview Interface

Bitshares already has a working platform, which works best as a client downloaded straight to the computer. Decentralized exchanges that are already working tend to be for the crypto-savvy; there are many advanced features, and the interfaces are not as easy on the eyes. While the number one exchange, currently OKex, is trading $1.75 billion million daily, Bitshares is only trading at approximately $2 million.

Crypto is easier than ever to buy now, and this year should see some huge improvements for both centralized and decentralized exchanges. Centralized exchanges will focus on scaling, usability and adding of new tokens, while decentralized exchanges will be focusing on getting their product out on the web and involving the existing crypto community. But for now, and forever, it’s a good time to buy crypto.



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Sunday 18 February 2018

Bitstamp Enlists Onfido to Improve New Customer Onboarding


The digital currency exchange Bitstamp has chosen Onfido’s identity verification engine to onboard new customers.  Onfido provides a full-stack identity verification platform, which will assist Bitstamp in processing its large amount of new customer signup requests.

In December, due to the massive surge in demand for cryptocurrencies, many exchanges were forced to close their doors to new customers.  This is reflective of a larger issue within the crypto ecosystem, that of scalability.  The existing infrastructure did not have the capacity to handle all of the new traffic, which resulted in many would-be customers being unable to open trading accounts on various platforms, and caused long delays in transaction speed on the Bitcoin and Ethereum networks.    

According to a recent press release, Bitstamp has been receiving more than 100,000 new account requests daily since December.  At the moment, Bitstamp is the EU’s largest exchange by volume, and has over three million customers.  To their credit, Bitstamp never shut down new customer registrations, even though trading volume on the change increased by over 1,000 percent in 2017.  In addition, Bitstamp has responded to the surge in demand for new accounts by quadrupling its staff size.

Nejc KodriÄŤ, the CEO of Bitstamp, explained in a press release,

“Onfido’s powerful machine-learning technology has allowed us to automate our new customer identity verification process, and still maintain our high standards when it comes to KYC [Know Your Customer].  We’re already seeing positive results when it comes to speeding up our verification process.”

As demand for cryptocurrencies has increased, so have the calls for regulations.  The United States and Japan have both stipulated that digital currency exchanges must comply with Anti-Money Laundering (AML) laws by implementing Know Your Customer (KYC) protocols.  In addition, the United Kingdom and South Korea are working on putting laws in place to regulate Initial Coin Offerings (ICOs).

All of this is good news for KYC platform providers, such as Onfido.  Husayn Kassai, the CEO of Onfido, explained

“We are quickly becoming the go-to provider for KYC in this space, and are helping make it more secure. We now work with 15 cryptocurrency companies, allowing them to scale customer onboarding smoothly, and be more vigilant as the digital currency industry faces more scrutiny and regulation.”

While some privacy enthusiasts are not happy about the increase in government scrutiny of cryptocurrencies, the increased attention from regulatory bodies and the demands for KYC protocol implementation on exchanges are clear indicators that digital currencies are gaining legitimacy in the public eye.  This perception of legitimacy is crucial in the endeavor to bring cryptocurrencies and mainstream finance together.  Ultimately, bringing KYC to crypto will help dispel the erroneous notion that virtual currencies only hold appeal for criminals, and will instill confidence in investors who had previously been wary of getting into the digital currency economy. 



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source http://bitcoinswiz.com/bitstamp-enlists-onfido-to-improve-new-customer-onboarding/

Wednesday 14 February 2018

10 Hours Left to Participate in the LydianCoin ICO. Exclusive Offers to Participate in the Biggest Blockchain Marketing ICO


You only have 10 hours remaining before the initial coin offering will draw to a close.

We are overwhelmed with the demand that we have received and can now announce that 20,000+ participants worldwide have already joined the ICO. We are ecstatic to know that so many of you believe in our team and vision. This is just the beginning of how we will revolutionize Blockchain forever, together!

Several weeks ago we made a huge announcement about how LydianCoin is building the “Whisper Network Protocol” which will position us as the strongest contender amongst all recent ICO’s. Unlike most ICOs that operate as pump and dump schemes, lack a product, a strong team, or have a track record of building viable businesses, LydianCoin has already created over $1 billion in shareholder value, has an influential group of advisors and team members, is heavily invested for the long term and is building disruptive technologies that will reshape the face of digital advertising and DLTs.

After the ICO, Lydian will continue to Build, Deliver and Execute allowing it to dominate the market for the years to come.
If you haven’t already joined our ICO, please do so within the next 10 hours. We aim to take to lead by example!

Why LydianCoin?

LydianCoin (LDN) is a utility-token that permits the purchasing of digital marketing services for blockchain brands requiring crypto-audience targeting using artificial intelligence.

  • Last week Facebook announced that it has banned all advertising for binary options, cryptocurrencies, and initial coin offerings (ICOs). A Canadian regulator has called on Google to do the same. If Facebook and Google won’t allow blockchain brands to advertise, where will this money go?
  • The Company is also building its own blockless DLT (distributed ledger technology), called The Whisper Network with two decentralized applications, MonaChain and MonaBrowse. MonaChain will combat ad fraud, while MonaBrowse will prevent the growth of 700 million devices that use adblockers.
  • The Whisper Network will become the fastest blockless Distributed Ledger Technology (DLT) and offer an innovative solution to help solve the scalability problems well known to current blockchain ecosystem.
  • A combination of artificial intelligence along with a blockless Direct Acyclic Graph (DAG) will revolutionize DLT in the years to come as more people move towards cryptocurrencies and other groundbreaking and pioneering DLT-related technologies.
  • More specifically, The Whisper Network will utilize this original DAG technology to provide an advanced platform to help clients target their digital advertisements for a wide variety of businesses and industries. While most distributed ledger technologies are solely devoted to a specific vertical, this network aims to attract a wide variety of different market sectors and will eventually allow third parties to create their own decentralized applications.
  • The Two DApps, MonaChain and MonaBrowse, will combat what is costing the digital advertising industry over $60 billion a year in losses. Just solving these two issues by using a scalable DLT technology could help propel a $230 billion industry forward.
  • For the technically savvy, the Direct Acyclic Graph (DAG) technology links recently completed transactions in order to verify new and incoming transactions. This essentially removes the dependence on the mining community, thus permitting smoother and quicker transaction times. In the spirit of true democracy, each participating device participates similarly in the verification of different transactions, which thus substantially lowers transaction payments and allowing even the smallest of payments to be efficiently accomplished. And, we have over 500 businesses already signed on for our waiting list!

While the DAG technology is just beginning, LydianCoin and The Whisper Network are continually expanding their roadmap to fast-track the development of the quickest and one of the truly functional acyclic DLTs in the world, enabling the real-use case for DApps.

The current ICO for LydianCoin is exceeding all expectations making this the largest ICO token sale in the category of blockchain marketing. In the past few weeks, the Company has attracted name-brand accredited investors and advisors to its board. There is still time to participate and join in with the over 20,000 participants and over 100,000 users that have registered in the system since the beginning of the token sale.

The LydianCoin ICO will be ending in approximately 24 hours on February 14, 2018. The publicized crowd sale price is $0.50 with a minimum purchase of $35 dollars.

However, last-minute participants in this ICO can participate in an exclusive offer if purchasing with Bitcoin or Ethereum. Participants depositing 1 BTC or 10 ETH will get a 50% discount (be sure to use the promo code WNP50 at checkout). You can also benefit from an additional 25% discount for every new deposit (promo code WNP25 at checkout).

To participate in this game-changing ICO that has the opportunity to revolutionize the way distributed ledger technology and blockchain works, follow a simple four-step purchase Process:

  1. Log in to your account at https://tokensale.lydian.io/
  2. Go to Step 1 and select the number of Lydian tokens that you wish to purchase.
  3. Follow through to Step 2 where you can deposit your funds using BTC, BCH, ETH, LTC, DASH, DOGE, ETC, LSK, NEO, QTUM, USDT, WAVES, XEM, XMR, ZEC, XRP, PIVX, SBD, STEEM, XVG, BCN or USD Wire. Please note that deposit of funds is not a purchase of Lydian tokens.
  4. Complete your purchase in Step 3 where you can select the number of Lydian tokens that you want to purchase with the deposited funds. Use a promo code if you have one now. Click ‘Buy Now’.

Join us and help reshape the blockchain evolution.

 


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Monday 29 January 2018

$ETH Soars on OKEx – allcoinsnews.com


The 24 hour volume for $ETH/USDT on OKEx is 328,784,944. This volume weight is moderate to heavy when compared with OKEx daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is $5,258,440,000.

Ether Volume by Currency

Graph courtesy CryptoCompare.com

Market Share

The OKEx currency pair $ETH/USDT is 6.25% of all $ETH traded in twenty-four hours. Bithumb (KRW 8.10%) and Upbit (KRW 7.62%) are first and second in single pair daily market share, trading ether in Korean Won.

Remarks

If you bought ether on OKEx a month ago you would be enjoying significant asset performance today.

Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT is trading between a 24hr high of $1,242.31 and a 24hr low of $1,213.49 on a 24hr OKEx volume of 328,784,944. This trading volume is moderate to heavy. The weekly price trend is up.

One Year Chart

One Day Candles

Browse Ethereum Collection

Learn about the unique characteristics of $ETH. Browse our collection of Ethereum Market Reports.

Sunday January 28 2018 Bitcoin Background

Altcoins such as Ethereum ($ETH) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
2.77% price $11,860.10
vol $8,412,630,000
mktcap $199,629,499,702
16.83M #XBT 22:12 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Data sources

Main Data Source

OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and all digital asset numeric trading data are from OKEx.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:

market cap = ( circulating supply x last price )

Market cap $ 120,462,810,388
Circulating supply 97,269,014
Last price $ 1238.45

Daily High Low

daily high $1,242.31 USDT
daily low $1,213.49 USDT

Trend

The weekly trend is up. We’ve seen seven daily green candles in the last seven days.

trend is UP

Trend is “up” when the weekly price movement is predominantly upwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 1,242.31 USDT
week 1269.07 USDT

Support

Support is the lowest price within the period:

period support
day 1,213.49 USDT
week 945.09 USDT

If you looked further back to January 13 2018 you would see a support level of $00.002 – less than a cent – per ether. The unusual price deflation didn’t last long. Ether’s current price is $1,238.45. OKEx support was diligent on this matter, transparently posting to Twitter about it:

This is refreshing to have timely and responsive communication over social channels about an exchange concern. OKEx comes off with high marks here. Other exchanges should take note that investors respond well to excellent exchange support and communication.

If you’d like to try out the world’s largest ether USDT exchange the register link is here:

Create a new trading account on OKEx.com
https://www.okex.com/user/register.do

Market sentiment

Market sentiment is neutral. We saw a large mid month selloff with at least four large red daily candles. Volume was heavy and price dipped substantially on these days. While we’ve seen the last week in green candle recovery, the mid month weakened support and selloff over a $300 high/low range is not that distant a memory.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT saw weekly resistance at $1,269.07 USDT and weekly support at $945.09 USDT. Market sentiment is neutral. The weekly price trend is up in daily moderate to heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Bitcoin & Ethereum

Watch for our next Bitcoin & Ethereum Market Reports coming soon – or browse reports:
Ethereum - Last report
Ether
Bitcoin - latest report
Bitcoin

Thanks for reading! 🙂

Tags

Ethereum, $ETH, USDT, OKEx, Market, Report, $ETH/USDT, altcoins



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Sunday 28 January 2018

Equity Markets vs. Cryptocurrency Markets: Weekly Perf… | News


The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The cryptocurrency  market data is provided by the HitBTC exchange.

Developed equity markets globally continued to outperform most cryptocurrencies last week, as they have since the start of the year. The top equity market for both the past week and year-to-date is Hong Kong, with the Hang Seng Index advancing 2.8 percent for the week to close at 32,255, and up 10.8 percent year-to-date. In second place was the S&P 500, up 2.2 percent for the week and 7.5 percent year-to-date, and then the Shanghai Composite, which advanced 2.0 percent for the week and 7.6 percent year-to-date.

The Hang Seng has been on a tear, up seven weeks in a row and closing at a new record high for the second week in a row. Meanwhile, the S&P 500 continues its ascent into a new record high and closes strong, at the high of the week, while the BSE 30 Sensex, does the same. The Sensex finished its eighth week up in a row.

Coming in at the bottom for the week was the UK’s FTSE 100 Index, down 0.8 percent to end at 7,731, followed closely by both the German DAX Index and Japan’s Nikkei 225 Index, each down 0.7 percent to close at 13,434 and 23,808, respectively.

It’s interesting to note that the order the equity markets lined up last week is similar to the relative performance year-to-date. This seems to be a good reminder of the importance of trends and the significance of relative performance. A trend, once set in motion, tends to continue for a while, and the relative position of markets have a tendency to be maintained over some period of time.

Let’s now take a look at a few of the charts that may have something to tell us. We’ll leave the Hang Seng, S&P 500, and Sensex alone since they are in clear and strong uptrends into record highs.

Nikkei 225 Index

First, we look at the Nikkei 225 Index, which can best be observed with the weekly chart. For the past few weeks, the index has been stalled around the 150 percent extension, 150 percent retracement, of the prior downtrend that started from the 2015 peak, and the top parallel trend channel line. Last week it again attempted to continue its rally with a brief new high of 24,129.34. The attempt was quickly reversed with a close near the low for the week. That’s the third consecutive week that the Nikkei ended in the red and reflects the building of selling pressure. Also note that two weeks ago there was a bearish doji candle, not perfect but close enough. Further, the Stochastics momentum oscillator has turned down after being overbought for most of the rally coming off the August lows.

A break below the three-week low of 23,577.07 increases the chance for further selling, with a daily close below confirming a bearish signal.

NKY

FTSE 100

This next chart is a daily chart for the FTSE 100. The FTSE found resistance at 7,792.60 two weeks ago and has since pulled back. This follows a decisive breakout of a six-month basing period that took the form of a bullish ascending triangle consolidation pattern. When markets break through resistance at some point they pullback to test prior resistance as support, at least to some degree. We see that happening now with the FTSE.

UKX

Note that prior resistance at the top of the triangle at 7,599 is almost an exact match with the 38.2 percent Fibonacci retracement of the most recent upswing. In addition, Stochastics has turned up from being well oversold. This makes the 38.2 percent Fibonacci price support zone a good place to start to look for potential entries, relative to your own strategy. Either way, the overall behavior of this index is bullish and the uptrend can be expected to continue following the retracement.

Cryptocurrencies

The following table shows the relative weekly and year-to-date performance of some of the most popular cryptos. What immediately stands out is the relative outperformance of Ethereum (ETH).

Ethereum

Ethereum is the only crypto with a positive performance for last week and year-to-date, and it has done so by a long shot. Year-to-date ETH is up 42.1 percent, and it was 1.4 percent higher last week. Nevertheless, overall the cryptocurrency market remains in a consolidation phase with lower volatility and therefore less predictable price patterns.

Crypto

What’s happened is that ETH had been lagging the other cryptocurrencies on the way up and therefore they topped and began to correct earlier. Most have not recovered much after hitting recent lows. The cryptocurrency, on the other hand, pulled back, found support and quickly recovered, and it has maintained its recovery. The other cryptos continue to face downward pressure.

What this all means is that Ethereum can now be watched as a possible leading indicator for the crypto market. A sign of strength should help maintain or improve bullish sentiment in the crypto market, while signs of weakness could trigger declines below support.

Here is a four-hour chart for Ethereum (ETH/USD):

ETH

ETH has been forming a potential rising measured move following a greater than 45 percent retracement off the peak at 1,424.30 on Jan. 13. The advance off that low found resistance around the 61.8 percent Fibonacci retracement and the subsequent decline found support also at the 61.8 percent level. This sets the stage for a potential Gartley completion around the 1,295.21 price area at the earliest. The potential resistance zone happens to coincide with two other Fibonacci resistance levels as noted on the above chart.

Nevertheless, a breakout above the prior 1,160 swing high triggers a bullish trend continuation, and this may provide some upside enthusiasm, even though short-term, to the wider crypto market.

Several of the other cryptocurrencies have been forming symmetrical triangle patterns on their four-hour charts, including BTC/USD, DASH/USD and IOTA/USD. A breakout of the triangle consolidation patterns will point to the next direction of momentum.

Ripple

Let’s now take a look at Ripple (XRP/USD). Ripple is the weakest performer year-to-date, down 38.5 percent, and for the week it declined 21.4 percent. Since hitting a 3.34 peak on Jan. 4, Ripple fell as much as 74 percent before finding support at 0.85. That low completed a 78.6 percent Fibonacci retracement of the near-term uptrend, and it was followed by a 61.8 percent retracement of the internal downtrend.

What’s interesting about its chart is the relationship of price to the downtrend lines. There are a couple of clear trend lines that define dynamic resistance of the downtrend.  A decisive breakout above the line will provide a bullish signal with strength confirmed on a move above the minor swing high of 1.457, and then again on a rally above the next higher swing high at 1.722. Fibonacci price levels are listed for use as potential short-term targets.

XPR

The charts for the cryptocurrency analysis are provided by TradingView.



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Wednesday 24 January 2018

The Rising Crypto Economy And Digital Payment Solutions


We live in the age of convenience. I can prove this by asking how much cash you currently have in your wallet? Not much right? While cash will never be obsolete, it has practically been replaced by the convenience of plastic. Cards have become universally accepted by almost every store, making it even more convenient. And many want that same convenience to be transferred to the area of cryptocurrencies.

With the boom of cryptocurrencies resulting in many new adopters, users are looking to make the digital assets more practical. One of the primary complaints against cryptocurrencies is that no stores accept them as a valid form of payment. But all stores do accept cards, so what if we created a debit card for cryptocurrencies? A couple of different companies have arisen to offer different levels of this service.

Monaco

Monaco (MCO) is a company that provides a means to spend cryptocurrencies through a debit card. Monaco pairs an actual debit card with a mobile app, providing real time information on all your digital assets. It boasts common features found in fiat currency debit cards like 2% cashback and a premium metal card.

Monaco also provides cheaper exchange rates between currencies than a traditional bank does. These savings can be between 5-8% when compared to street banks. It’s great for spending while traveling. For example, if you’re traveling in Canada but a citizen of the United States, your Monaco card will be received as the local Canadian currency, and interbank exchange rates will automatically be applied.

Earning, buying and sending crypto is also a seamless experience when using Monaco. Not only is Monaco a mobile app that allows you to track spending, but it is also a blockchain with its own token, MCO. Every time you spend money with your Monaco card you’ll earn 2% cashback in the form of the MCO token.

BitPay

BitPay is another platform that connects debit card payments with cryptocurrencies, specifically Bitcoin (BTC). It allows you to spend, store and send Bitcoin all through their debit card and app. BitPay works in a similar way to Monaco, only it exclusively works with Bitcoin.

For example, you are able to send Bitcoin to a friend in another country, then they can use their BitPay debit card with the new funds and the card will convert the Bitcoin to the local currency for them. It provides a seamless experience to practically operate in Bitcoin, while the app transfers the digital asset in the local fiat currency in real time.

TokenCard

TokenCard (TKN) is another blockchain that makes spending crypto easy. It boasts the same features as the above platforms, but specifically excels in a few distinct areas. The main way TokenCard excels is through its real time asset spending management. Through a mobile app, you can track your spending in real time. This means when you swipe your Token debit card, that transaction is immediately reflected within the app.

Asset management in TokenCard is all inclusive. Whether it’s fiat or crypto, all of your accounts and assets can be added to the app. Plus, you can send, receive or purchase more of an asset, all while never leaving the TokenCard app. You can even access and receive tokens from ICO’s straight from your wallet. This provides a seamless user experience and doesn’t require extensive knowledge of the tech in order to use it.

TokenCard is also a safe and reliable platform. It provides top notch security through a passphrase, which acts as your key. With this passphrase you can backup and restore your data on any device. Plus they provide an emergency withdrawal option that can take place instantly. TokenCard is designed to keep all of your assets safe in a smart contract wallet that is triple-audited.

While BitPay is revolutionary, it exclusively works with Bitcoin. TokenCard excels because it can operate in any of the hundreds of digital currencies in existence. Also, like Bitpay, TokenCard can purchase more of a cryptocurrency from within the app. However unlike Bitpay, through TokenCard you can purchase any crypto, not just Bitcoin.

TokenCard takes the best of Monaco and the best of Bitpay and combines it into a single app. Through TokenCard you can purchase more of a cryptocurrency like in BitPay, and it has its own token, TKN, like Monaco. Crypto and blockchain are revolutionizing the way we use money. And by pairing crypto tokens with debit cards, blockchains like TokenCard are completing the final step necessary to help bring blockchain completely mainstream.

This is a spnsored post.



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Wednesday 17 January 2018

Ransomware 101 | Cryptorials


2017 was all about ransomware. There was news about the WannaCry attack in May, Petya in June, BadRabbit in October, but do you really know what it’s all about? Let’s make it clear.

Ransomware is one of the most dangerous type of cyber attack. Ransomware attacks mostly target organizations and businesses but since it spreads through the internet without discrimination, no one is completely safe.

We’ve covered the most essential information on ransomware and included tips on how you can efficiently prevent your computer and data getting compromised.

Interested enough by now? Let’s get into.

What is Ransomware All About?

Ransomware is a type of malware (or malicious software) that locks the users’ files or complete system, usually by encryption, and demands a ransom for decryption in some form of cryptocurrency.  In some cases, if a user decides to pay the ransom, they might regain access to their files. However, there were a few examples where users didn’t receive their data back. The other less common form of ransomware is called leakware, in which the attacker threatens you to pay or your private data goes public. Mobile ransomware first appeared in 2015 as the form of a porn application for Android devices.

 

How It Spreads

Ransomware can be downloaded via a malicious email attachment or together with an infected software. It can be downloaded when visiting a harmful website.  Another form of transmission is when a user clicks on a malvertisement (malicious advertisement). It can also be delivered and downloaded by other malware.

Forms of Ransomware

1. Non- encrypting ransomware

This type of ransomware is rather scary than harmful since it doesn’t encrypt files on the computer. The most common non- encrypting ransomwares are the “law enforcement agency viruses”.  These usually display a whole-screen message demanding a ransom for different criminal acts or face charges, fines and even imprisonment. Non- encrypting ransomwares can be easily detected and removed with good anti-malware software.

Now let’s turn to the most dangerous type of ransomware, which are…

2. Encrypting ransomware

This is the most typical form of ransomware. It encrypts your files or even servers and asks for a ransom. Now hackers use strong public-key encryption to lock the files which makes it impossible to get access without the decryption key.

3. Leakware/ Doxware

Leakware or doxware is a form of attack that threatens to publish sensitive information from the user’s computer unless a ransom is paid. These malware don’t encrypt files on the victim’s computer, however the virus still gets access to information that harms the victim’s privacy.

4. Mobile ransomware versions

In 2015, a mobile ransomware version appeared on Android called Porn Droid. It locked the user’s phone along with changing the PIN number, demanding a ransom of $500. Mobile ransomware are usually blockers since data can be easily restored with synchronization. Devices are mainly infected through third-party applications installed as APK files. There are even methods for iOS devices that exploit iCloud while others use the “Find My iPhone” app to block access to the phone.

how to prevent ransomware

How to Prevent Ransomware

If it’s about ransomware, the primary focus should be on prevention since removal can be difficult, costly and sometimes ineffective. Take a look at our most effective ransomware prevention methods below:

1. Always be up to date

Making sure your anti-malware, anti-virus and other protective software is up to date is essential for keeping up with hackers and the most advanced security measures. Use multiple software combined and run regular scans for the best protection.

 2. Be careful with email attachments

Avoid open suspicious email attachments from untrusted sources, always double check what it might be about. Also, don’t click on shortened or fishy links unless you are confident about where it leads. You can additionally block executable files or entire attachments through email.

3. Secure your network

Network security is an often overlooked topic but it’s actually one of the most important measures to take for keeping your online activities as secure as possible. There are plenty of ways to do that from firewalls to secure DNS setup on routers. However, one of the best methods for online privacy is to use a virtual private network. For example, you can take a look at the most trusted VPNs so you can easly and effectively make your network safer.

4. Avoid suspicious websites

One of the most common ways to get infected with ransomware is through websites. Double check the URL before clicking on it. Hackers often create similar sites like large companies to trick users so be careful even with known websites, check the spelling and if you suspect something, run a website scan.

5. Make sure you have a great backup

The most promising way of a successful and positive outcome from a ransomware attack is to maintain an up-to-date backup of all your neccessary files. Even if you catch a ransomware, you can completely recover your files. 

Conclusion on Ransomware

We all know ransomware is dangerous for your data. Fortunately, by implementing these preventive steps you can secure your online presence as well as keeping your data safe.



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Thursday 11 January 2018

Russian Ministry of Labor: Gov’t Workers Exempt From D… | News


The Russian Ministry of Labor’s updated income, expenses and property declaration guidelines for government employees for reporting on 2017 includes a point about cryptocurrency, local media outlet Izvestia reports. The updated regulations state that government employees do not have to declare “virtual currencies” they obtained.

The note about cryptocurrency was added to an already existing point that stated government employees were not required to declare “goods and services in their natural forms,” adding laconically “as well as virtual currencies.”

Representatives from the Ministry of Labor told local news outlet RBC that they do not currently require cryptocurrency to be declared because of Russia’s general lack of legislation in the space, stating:

“At present, approaches to the definition and regulation of cryptocurrencies in the Russian Federation at the legislative level are not defined.”

Risk for corruption

Russian officials have been required to make public declarations about their income since 2009. ‘Experts’ pointed out to Izvestia that the ruling increased the risk of receiving bribes in cryptocurrency that would go undisclosed, according to the guidelines.

However, Vladislav Tsepkov of the “Business Against Corruption” Center, an organization created by the Russian government in 2011 to protect entrepreneurs’ rights, told Izvestia that they saw the risk of government workers taking bribes in crypto as “minimal,” noting:

“But cryptocurrency is not a means of payment, it cannot be spent. If they [government workers] sell it and get real income, then it will need to be declared, so the risks are minimal.”

Izvestia noted that according to the same regulations, it is required that government workers declare gifts of “real,” or fiat, money from friends or family.

These changes come at a time when Russian corruption is at an all time high. According to the statistics on the matter, corruption has increased more than thirty percent in Russia since 2008.

The Russian government has yet to create legislation that explicitly covers digital currencies. The country’s government and central bank generally have a negative stance on the subject, calling cryptocurrencies “high risk,” especially for mainstream investors.



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