Effects Of Bitcoin Blockchain On International Economy

The development of Bitcoin is only just underway, but the financial environment is already evolving. In this respect and consideration, it is vital to recognize how the financial system and demand will shape in the next few years. Here are some obvious implications of cryptocurrency on the international economy. Global Expenditure Shifts are becoming very common. Now, several investors and shareholders include digital currencies, specifically Bitcoin to their investments. It is most possibly attributed to the increased probability of improving the holdings with the help of crypto allocations. According to the graphs given, VanEck notes that a tiny Bitcoin transfer dramatically increases the accumulated profit

In the modern world where technology continues to improve day by day, everyone must be aware of cryptocurrencies and how it is used. Its attributes which make it different from paper currencies must be kept in mind as it helps in a better understanding of how can one invest in the cryptocurrencies and get maximum profit from them.

You can visit https://bitqt.org/ for more information about the following topic.

Cryptocurrencies have certain features which aren’t found in fiat and other conventional instruments. Therefore the financial market has the capacity to control it. For whatever purpose it was long regarded as a ‘virtual currency’, here are several special features of cryptocurrencies that may stimulate international development and contribute to the world’s economic performance:

Divides Currency trades

No link to the United States dollar is needed for digital currencies, providing traders with more opportunities to engage with international markets and bypass U.S. fiscal policy at the same time.

Although it may sound like the administration’s risk, since the US dollars serve as the world economy’s medium of exchange (the main component of US major superpower), it makes further purchases at the global arena.

Break off a need for intermediaries

 In its entirety, cryptocurrencies intended to make electronic transfers between peers and financial institutions possible with no interference. quite unlike the conventional currency. It does not actually require an agent or a broker. Exchanges are decentralized

Encourages more purchases abroad

Since the banking system is not accessible to a significant portion of citizens living in many developing nations, Bitcoin plays a valuable role in offering them access to financial services, enabling them to transfer funds and make payments on not only domestic but also global e-commerce platforms.

Meanwhile, in developed nations where banking and payment systems are more evolved, cryptocurrencies offers an additional payment option for purchases. The use of Bitcoin and other cryptocurrencies allows them to avoid or minimize the transaction and conversion costs typically associated with international fiat payments. In both cases, all it takes is a digital wallet to shop across the globe.

Promotes more purchases overseas

Cryptocurrencies are known for low transaction and conversion fees, making them ideal for making payments anywhere around the world. Those traveling across geographical boundaries, either on work or as tourists will be able to purchase the desired goods and services using cryptocurrencies without having to worry about expensive forex charges.

Bitcoin Enforcement

Now because cryptocurrencies are omnipresent, both federal and state policymakers are quick to tackle their economic problems. National organizations are operating actively in this regard to managing this ad hoc financial environment. This will contribute to regulations that tackle this financial and virtual currency crisis that these digital assets may trigger.

Many developing nations are wanting to ban any operation concerning Bitcoin. Various organizations have strong responses to cryptocurrencies. Many people, by comparison, use this as a payment form.

Eliminate access hurdles and New Competition emerges

Cryptocurrency has set up a distributed digital exchange network to remove the requirement for money issuing and payment across all centralized entities. In that case, it unlocked the door to a different form of economy and to possibilities where the monetary industry is dominated by no entity.

Unlimited Credit Network Entry

Cryptocurrency allows uncontrolled access to a trustworthy currency system because it is a form of digital money that is entirely data-based. If the price stays steady for a long time, people who are separated from international retailers will constantly be brought together

Thus, amid its dramatic decline in recent weeks, some still trust Bitcoin in the reconstruction of the continuing global economic crisis to fully turn all sectors from finance to healthcare services and property. Cryptocurrency is, and besides, stable in periods considering its massive implications.

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Comprehending Forex Trading Signals

One of the most successful financial markets to boast of a high volume of daily trading is the Forex market. In this market, trading based on different currencies takes place. The single most intriguing aspect of the Forex Market is the lack of a central marketplace. All the tradings take place over the internet networks. It is also the main reason why the market is active all the time.

When you venture into the Forex market, you will need all the help you can get. The Forex market is a steep learning curve. It will require intimate knowledge of the economic indicators and interrelationship of various currencies. It is why most traders rely on the Forex trading signals.

Forex trading signals – explained!

A Forex trading signal is basically information or suggestion surrounding a specific currency pair. If you implement it at the pre-set time period and cost, you have the chance to garner a substantial amount of profit. It offers opportunities to interested in free forex signals telegram groups to execute lucrative tradings.

Forex trading signals are a massive help to both novice and experienced Forex traders. In the case of amateur retarders, they can gain profit while still collecting knowledge about the world of currency trading. When they use the information from the trading signal, they can understand the market. They can also know more about the trading options.

In the case of experienced traders, these trading signals can help to explain their profitability. Moreover, they can use this opportunity to garner more experience in this market.

Different categories of Forex trading signals

There are various categories on which you can base the Forex trading signals. Take a look at some of them listed here.

  1. Free

In this type of trading signal, the provider offers their services without any payments. However, you must exercise caution as most of them will pressurize you to open a trading account with their commissioned broker.

  1. Paid

In the paid Forex trading signal, you have to pay a particular amount to the operators. It is a service fee for the information they will offer. Most of the service providers offer monthly subscriptions. It is much more reliable than the free ones.

  1. Manual

The manual Forex trading signals are the types, which are devised by an analyst. It can also be done with the aid of an experienced professional in Forex trading. Here, human intelligence is a vital factor.

  1. Automated

In the case of automated Forex trading signals, it is the computer or technology that creates it. With constant monitoring and assessment of price movements, algorithms are made that offer accurate information. Here, the primary benefit is the elimination of human emotion.

  1. Entry

The entry Forex signals offer information related to the entry points. It means that you can gather the data from these signals and enter the Forex market at the most opportune time.

  1. Exit

With the exit Forex signals, you can now close the opening position on the particular trade.

Examples of some common types of Forex trading signals

There are various types of Forex trading signals that you will come across. It is vital that you understand what each one means. Keep in mind that it will take time to comprehend the signals and use them to make better trading decisions. Take a look at some of the popular trading signal types.

Take Profit: It is actually set in motion when the profit reaches the preset prices.

Stop Loss: It is actually the exit point that ensures that your investment is protected. With a predetermined price set, the signal extricates you from the trade before you suffer massive losses.

Action: It is one of the most simple and easy to understand signal type. It usually comes in the format of Sell or Buy.

How to read the Forex trading signal?

Before you delve into the world of Forex tradings, you must at least understand how to read the signal. It will help you gain a better understating of the market. No matter how complicated the graphical charts and texts are, knowing the basics will definitely help you.

For instance, you observe Sell USD/EUR at CMP 0.9402 – SL 0.9438 – TP 0.9174. Now, if you have the basic idea, you can interpret the signal with ease. Here, CMP means Current Market Price, TP means Take Profit, and SL means Sell Loss. Here, the currency pair is USD (US dollars) and EUR (Euro).

Forex Market analysis and its types

There are mainly three types of Forex market analysis. These include –

1.Technical analysis

In technical analysis, there are two distinct types – automated and manual systems. While an automated system uses technology and software for generating trading signals, the manual types are generated by an expert. However, the automatic system has the advantage of eliminating human emotions before making any assessments. Here, previous price movements are taken into account.

2. Fundamental analysis

With fundamental analysis, you can assess the Forex market. For this, the parameters that are considered include unemployment rate, interest rates, and various other financial data. Moreover, any significant news that can have an impact on the economy is of importance.

3. Weekend analysis

One of the primary reasons for opting for a weekend analysis is the chance to establish an efficient trading plan. The fact that the Forex market is closed on the weekends gives the traders the opportunity to survey the market. Moreover, now is the time to develop a better trading strategy.

Forex trading signal provider

There are various factors that you can consider before choosing the best Forex trading signals provider. These include success rates, reputation, performance, etc.

Conclusion

The Forex market offers a much more challenge to the traders than any other financial market. If you want to establish yourself as a successful trader, you must take the aid of various tools and instruments. For this, the best option is to choose a reliable Forex trading signal provider. With the knowledge at hand, you can now make well-informed decisions. The massive wealth of information will definitely help you be ahead of other investors in this highly competitive foreign exchange market.

 

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Top 6 Stock Market Simulators

The crypto industry has finally said goodbye to a 3-year bear market. The new year began with a renewal of historic highs across the market spectrum. One of the reasons is that people can today use BTC, LTC, and other digital assets not only for professional purposes but also for playing at CasinoChan Canada or paying for the pizza. Yet, it’s better to try investing using stock market simulators. Here are the 6 greatest programs.

What Are Stock Market Simulators

Stock market simulator is a program or app that partially or fully reproduces and replicates trading on a real exchange. The purpose of such an application is to allow the player to get practice in trading without financial losses. Such systems use virtual money for trading, and change of quotes is carried out in a similar way, as it is carried out on a real exchange.

The benefits of such programs are obvious. Beginners can try their hand at trading, namely, to learn how to work with trading terminals, analyze charts, choose the correct entry and exit points. More experienced traders can try out new trading strategies and compare their productivity.

Crypto Parrot

Crypto Parrot is a free trading platform simulator. Designed to help you learn how to trade fast, easy and fun. The service is easy to learn, which will be useful for beginners, and advanced enough to be interesting for experienced traders.

The developers believe that sharing experiences is the best way to master cryptocurrency trading. That’s why the platform also implemented a space where experienced traders and beginners can exchange knowledge and success.

By learning on Crypto Parrot, users can gradually build up their virtual capital and earn rewards and other interesting rewards.

Altcoin Fantasy

Altcoin Fantasy is a cross-platform simulator that runs on iOS, Android and in the browser. Using it, users can transact over 1,400 cryptocurrencies using more than 10 fun games.

A rewards system has been introduced to motivate learning, with weekly prizes available. Earn points and earn rewards such as bitcoins, Ethereum, Binance tokens, or TradingView membership.

The service also provides an educational platform where users can read articles, learn how to parse charts and get the latest industry news.

Bitcoin Hero

Bitcoin Hero is a free game for those who want to learn how to trade bitcoins and other cryptocurrencies. At the start, all players get 250 USD of starting capital and can use leverage up to x10. In addition to bitcoins, Ethereum, Litecoin and Dash can be traded in the game. The prices correspond to the real market prices.

CoinMarketGame

If you are looking for a trading simulator that resembles trading on a stock exchange as much as possible, you should take a closer look at CoinMarketGame. Beginners start with a budget of $20,000. With their help, they can trade in the most realistic market, where both well-known cryptocurrencies and new little-known altcoins are represented.

The site also has a leaderboard. There, users can see what assets their competitors are trading and get inspired for a friendly competition.

Bitmex

One of the most famous cryptocurrency exchanges Bitmex offers to try yourself in trading without investing by creating a demo account. For complete beginners, this method of training may seem complicated, but a few sessions will be enough to get to grips with the platform’s functionality. In addition, users will be able to try their hand at the real trading terminal.

You can increase your virtual balance with Bitmex in several ways – open long and short positions, trade with leverage. Coin prices and listings correspond to the real ones.

F1coins

F1coins is a universal exchange trading simulator that works in real-time. F1coins connects to the popular exchanges Binance, Bitmex, Bitfenix, Poloniex and imports information from them about current rates, orders of all currently placed transactions. You can trade BTS, ETH, LTC, as well as dozens of other cryptocurrencies with F1coins.

Every trade made on a demo account is recorded in the diary, which allows you to analyze the trade. You can access your transactions diary for all users or make it personal. By studying the open diaries of other traders, you can adopt their experience.

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4 Useful Bitcoin Wallets of 2021

These days Bitcoin, Litecoin, and other digital assets are used by millions of people. With cryptocurrencies, people pay at Cookie Casino Canada, Netflix, or other online platforms. Moreover, these tokens can be a great investment. Yet, these coins should be stored in wallets, and these are the best options for 2021.

Stormgain

Multicurrency cryptocurrency wallet Stormgain was created as part of an exchange bearing the same name, registered in the Virgin Islands in 2019. The development became part of the project’s extensive ecosystem.

The Stormgain wallet is one of the most profitable options. When registering through the link, each user receives 25 USDT for deposit.

The second advantage of Stormgain is the ability to work with digital assets anonymously.

The third feature of Stormgain is a simple registration. In order to use an online wallet, the user only needs to enter his or her email address.

Coinbase

Coinbase Wallet is part of the digital asset exchange of the same name founded in 2012. The company is registered in San Francisco, USA. To use the Coinbase wallet you need to go through a registration procedure, complete with KYC and identity verification.

The company offers users of its exchange wallet to work with a large number of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, XRP, and others. Coinbase’s mobile version of the wallet supports only Bitcoin, and the app is available for Android and iOS.

Users complain about the predatory fees the platform charges for cryptocurrency transactions. The system determines the fee depending on the transaction volume and the person’s location.

Coinomi

Coinomi is a browser and mobile-based multi cryptocurrency wallet. The project was registered in the Virgin Islands in 2014. Coinomi is available to work with a large number of digital assets, including Bitcoin, Ethereum, XRP and others. The wallet works on Android, iOS and a number of computer operating systems.

To start working, it is necessary to select the cryptocurrencies of interest and agree to the terms of the application. After this registration procedure, the user can buy cryptocurrency by paying with a credit or debit card.

When placing an order to purchase a digital asset, the system will ask for the buyer’s details.

It is also possible to buy cryptocurrencies on the official website of the project. A total of 12 digital assets, including Bitcoin and Ethereum, are available for purchase via bank cards. The commission charged by Coinomi is dynamic and depends on the load of the system.

Blockchain.info

Blockchain.info wallet was created by experts at the cryptocurrency company of the same name. It is available in browser and mobile versions. The system offers two types of wallet: for storing digital assets and for working on the exchange – one of the projects of Blockchain.info.

To register you will need to specify an email address. Immediately after registration, without email confirmation, the user can proceed to purchase cryptocurrency. You can use fiat to pay for the order. For example – euros.

While filling out the request to buy digital assets you will be required to enter your full name and residential address.

Blockchain.info does not charge for cryptocurrency transactions. According to the project website, only the network fee of the digital asset is withheld from the user when making a transaction.

In February 2018, it was reported that hackers stole 700 BTC from users of the Blockchain.info service. On forums, you can also find reports of users stealing smaller amounts from the platform’s wallets.

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Five Investment Strategies to Make Day Trading Less Risky

After making a new all-time high of $52,000, Bitcoin enters a consolidating stage. Although $50,000 seems a relatively strong support, some analysts are calling the market overheat. And the market sentiments are divided regarding Bitcoin’s next move. While some investors are staying on the sidelines, many turn to day trading to make profits from volatility.

Crypto futures trading platform Bexplus presents some tips for day traders to follow so they could better protect their funds in volatile markets.

Tip 1: Start with small capitals

Starting small enables you to go a long way. It is advised that you divide your capitals for multiple positions. So if the market goes against you, you can allocate a position in the opposite direction to hedge loss.

Remember, in futures trading, the buying power will significantly enlarge with the help of leverage. For example, if you open a position using 0.01 BTC and 100x leverage, the position will worth 1 BTC.

Tip 2: Practice and improve your skills and strategies

Earning money by speculating on the price movements seems like gambling, but it’s not. Successful traders are those who learn to analyze the market, keep themselves abreast of market news, and keep trying out different strategies. Choose a platform that offers a built-in trading simulator for you to practice. A good demo account serves as a sandbox for you to improve your skills and get familiar with the fast-changing market. Besides, some platforms even offer consulting services or personal account managers to users.

Tip 3: Follow a particular plan

One mistake almost every trader would make in their trading career is losing their heads. It is so easy to succumb to emotions that we fail to exit a losing position or take profit while we can. To become an experienced trader, you need a proper plan so that you know when to sell and when to purchase. It will enable you to make the decisions that are best for you. Besides, you can choose a platform with a P/L calculator so you can know in advance when to close your positions.

 

Tip 4:Trade on support and resistance

Support is a place where the price tends to find support as it falls. This means that the price is more likely to recover from this level instead of falling below it. As for resistance, it is the place where the price has the biggest difficulty breaking. If the price is close to the support at an uptrend, you could put a long order.

For instance, the $18,000 level is considered as the new resistance level of bitcoin, while the $17,000 is the support. If we use 100x leverage to open a long position with 0.1 BTC at $17,000 and close it when the price reaches $18,000, we will earn ($18,000 – $17,000) * 10 BTC/$18,000 = 0.55 BTC.

Tip 5. Keep up with the market

When it comes to investing and trading, news can make or break a trader. This is especially true for Bitcoin, which is traded around the clock and notorious for its high volatility.

There is a variety of news websites focusing on cryptocurrencies. Besides those, social media is a go-to source for news, for many analysts and industrial elites like to share their insights on social media. Some platforms also offer daily market analysis and industry news on their website to traders.

Bexplus is a recommended leverage trading platform that doesn’t require any KYC. Registration is being done through E-mail verification and users can get a demo account with 10 BTC. Bexplus platform provides its users with a 100% deposit bonus, an affiliate program with up to 50% commission reward and 24/7 customer support.

 

 
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Medical Records on Polkadot’s Blockchain; Asclepius Network Rebrands to ”Pulse Network” ahead of it’s Debut

Medical care is among the most innovative industries with constant research aimed at finding breakthrough cures and therapies for diseases that continue to ravage the human race. The research and developments are well documented with new advances continually being introduced in the health sector. Unfortunately, such documentation is fragmented with information often siloed across various data centres belonging to the research institutions.

This has created restrictions to information flow thus creating a gap that keeps such useful and new found medical knowledge away from the practitioners in hospitals. This is the gap that Pulse Network seeks to bridge ensuring that medical data is readily available and can be shared easily across the medical field.

What is Pulse Network?

Pulse Network is creating a reliable medical data repository and sharing platform to ensure seamless information flow in medical care, linking knowledge to expertise. They are building the infrastructure for state-of-the-art, AI enabled diagnostic and treatment capabilities for people everywhere, unconstrained by the limitations of the medical facilities of their locality.

The project is committed to improving the provision of medical care by unshackling information flow across the industry. In line with this commitment, Pulse Network will facilitate the collection of a wide range of data like electronic medical records, biometric data and sensor data among others to establish the first truly global medical data repository. The platform will also facilitate easy dissemination of the data to ensure doctors administer the best treatment options.

The Pulse Network solution may seem like a simple undertaking but it is a herculean task that players in the medical field have not been able to achieve to date. But, if there is one organisation you can bet on to pursue and complete such a daunting mission it is the business behind the Pulse Network, JPMedsn.

JPMedsn was launched in 2012 and since then the business has quickly built a reputation for being highly innovative. This is evidenced by a number of patents held by the company, some of which are listed on Pulse Network Website. They are now yet again summoning their creativity to develop the appropriate infrastructure for bringing reliable data to medical care through these two main products:

Pulse-EMR

JPMedsn has collated a well-researched database of diagnostics, treatment guidelines, recommended prescriptions, and latest drug information which it makes available to medical practitioners on their Pulse-EMR platform. Also, their patented data input technology significantly reduces the time taken by doctors to create patient record entries.

Pulse-Personal

It collates individual health data, lifestyle data and clinical records and gives complete control over this data to the patient itself. For instance, if a person visits a new medical practitioner, then their medical history can be seamlessly transferred to their new doctor with their permission using PulsePersonal.

How the Pulse Network solution works

Pulse will use a patented data collection software to gather medical care data from clinics, hospitals, practitioners, and even mail health checks to create a robust information bank. The proprietary software will be installed in numerous health provision facilities to enable easy capture of data and while anonymizing the users and patients identity. This will allow secure storage and sharing of the data throughout the medical field in the world.

Additionally, the application will collect data from top medical research and development institutes, specialised treatment centres and laboratories around the globe to ensure new inventions are made accessible on the platform. The software will convert all the received data into common readable format and translate it into multiple languages to widen the reach and its impacts. Users will also be encouraged to share their medical history and records as Pulse aims to accumulate a treasure trove of useful medical information.

The easy dissemination of the aggregated data will be quite useful to medical experts as they get access to new knowledge, diagnoses, prescriptions, therapies and treatments. By using Pulse, practitioners can quickly bridge the gap especially for unique conditions and areas where they have insufficient expertise.

Most importantly, Pulse Network will improve the flow of information that will greatly benefit developing countries and other marginalised regions. They are usually most ravaged by diseases yet often the last to get advanced medical care and knowledge on how to handle such pandemics. Pulse will break down the existing barriers by accelerating the dissemination of knowledge and inventions to improve healthcare for all.

Pulse to use blockchain and AI technologies

The Pulse platform will integrate both blockchain and AI (Artificial Intelligence) technologies to build the underlying infrastructure for their application.

Pulse will use AI to analyse the huge volumes of medical care data gathered the world over. This will help provide medical practitioners with the most accurate data to guide their diagnosis, prescriptions and other decision making. For instance, AI can sift through tons of records, analysing multiple data points to inform a doctor about the most commonly prescribed medication for a particular disease with the best outcomes.

They use blockchain technology to benefit from its security, decentralised network, and immutability. This will ensure all the collected data can be shared securely without compromising the users’ confidentiality. Decentralisation ensures that the network will not have a single point of failure and that the data is available 24/7. The blockchain’s immutability ensures that the data cannot be altered or deleted once it is entered in the Pulse repository.

The Pulse team has decided to build the application on Polkadot as they found it to be the most suitable blockchain for their platform. The blockchain confers multiple benefits including scalability, interoperability, smart contract functionality and efficiency among others outlined in their white paper.

In summary, Pulse Network is a revolutionary project that is going to improve the lives of many people around the world by enabling the seamless flow of knowledge and advanced care. Their innovativeness and readiness to use new technologies like AI and blockchain technology will play in their favour as they embark on this insurmountable task.

Looking forward, Pulse is going to change how data is obtained and disseminated for the benefit of the masses. A befitting achievement for a business that has always been on the front foot of advancing human health.

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Cryptocurrencies: A Risky Asset for Professional Players

Increasingly, entrepreneurs and ordinary people are asking the question of what role the state plays in their life and business: do they need in state money and services, and what are they really worth? The trends of the last decade show that the private money market is not a fantasy, it’s our possible future. A number of economists predict that large corporations will begin to work without intermediaries in 40-50 years, and cryptocurrencies issued by corporations are the most realistic alternative to fiat money.

The crypto market is banned or severely restricted in many countries because governments can’t find an efficient way to track anonymous account holders whose assets are literally intangible and growing by leaps and bounds. The Bitcoin skeptics and critics were burying the token several hundred times since it was released, and optimists predicted the growth of the first cryptocurrency in 2021 to $20,000 after its collapse in 2020. As you can see, both camps were wrong: Bitcoin is still alive and its price was more than $32,000 at the end of January 2021.

The top ten cryptocurrencies are showing growth over several years despite their volatility over short time periods. Getting your own crypto wallet today literally means that you invest in your future.

But cryptocurrencies are a risky asset, so it primarily attracts people with a special mindset. They attract players, in the broadest sense of the word.

Advantages of Playing for Altcoins

Dreams of sudden enrichment can come true, especially when playing with altcoins. Playing for cryptocurrencies has a number of advantages:

  • Bets of less than one cent are possible
  • Payments honesty control
  • High transaction speed (up to 5 minutes)
  • Anonymity when depositing and withdrawing funds

The optimistic forecasts of practitioners of economic sciences regarding the future of altcoins make tokens attractive even more for their acquisition and growth. On the Fairspin website, you can play not only for fiat money, Bitcoin and Ethereum. Players are free to choose between the most popular cryptocurrencies in the world: Tether (ERC20 and OMNI), XRP, Litecoin, Bitcoin Cash, Binance Coin, Cardano, USD Coin, EOS, Monero, Tron Coin, Stellar, Neo, NEM, DASH, Zcash, Dogecoin, Paxos Standard, Gemini Dollar.

The honesty control mentioned earlier is the main feature of the Fairspin casino. Players can track important elements of fair play such as payouts and casino balances thanks to tokens. The transaction history is encrypted on the blockchain, so you can see for yourself whether Fairspin is really playing a fair game with its guests by using a blockchain explorer of your choice.

The Fairspin Blockchain Casino Update

In 2021, it will be three years of the Fairspin gambling club has begun to operate. The casino met December 2020 with a redesign, an extended game halls and the addition of new providers. In the first month of 2021, Fairspin almost doubled its game library: more than 4,000 games by 39 providers are available to players now. Among the novelties there are games by:

  • 1×2 Gaming
  • TV
  • Blueprint Gaming
  • Caleta Gaming
  • eBET
  • EGT
  • ELK Studios
  • GameArt
  • Genii
  • Golden Hero
  • Green Jade
  • Habanero
  • Hacksaw Gaming
  • Indi Slots
  • Nolimit City
  • Oryx Gaming
  • Tangenta
  • Thunderkick
  • Tom Horn

The gambling club team has big plans for the current year: to add new payment methods, to enter new foreign markets, to expand the game library and bonus program.

Subscribe to Fairspin social networks on Telegram, Facebook and Twitter to keep abreast of the news of the project.

And if you are attracted by adrenaline, drive and big wins, go to the casino website, top-up your gaming account with the promo code 7FCID5NY, and win a ticket to a comfortable cryptocurrency future! By using the promo code you will find a 150% bonus — it’s your additional chance of success.

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ETH Ready To Outperform Bitcoin?

The crypto market is heating up again. After trading whipsaw for over a week, Bitcoin and altcoins are showing signs of rallying. Bitcoin is up 5.5% to $38,288 while ETH gained over 8% to $1,695. ETH performed better than Bitcoin since 2020, increasing over 724% for the year.

 

Although Bitcoin is in the spotlight, many analysts shared that ETH could outperform BTC in 2021. For one thing, according to Grayscale, the proposed EIP-1559 fee and burn mechanism of ETH could be a bull catalyst that creates “a positive feedback loop for Ether’s price”. Proposed by Ethereum co-creator Vitalik Buterin and Ethhub co-founder Eric Conner in April 2019, EIP-1559 aims to bring down the gas fees of the Ethereum network by introducing market rates and burn mechanism. The fee of the Ethereum network is infamously high, and congestion is a common occurrence.

The recent rally of ETH could be attributed to the launching of ETH 2.0, which promises lower fees and faster-responding speed. Like Bitcoin, ETH is getting more attention and recognition from institutional investors. The about-to-launch Ether Futures on the Chicago Mercantile Exchange (CME Group) recently announced that its cash-settled Ether Futures is another factor that improves ETH’s potentials.

Bexplus is a Bitcoin-based trading platform offering 100x leverage and contracts for BTC, ETH, EOS, LTS, and XRP. Registration requires no KYC and takes 60-seconds. A Bexplus account grants you access to trading simulators, built-in charting software, up to 30% annualized interest bitcoin wallet, and 100% deposit bonuses.

  • Easy Registration with No KYC

Traders can register an account with just an email and this process only takes a minute. No KYC protocol is carried out throughout trading so you don’t need to worry about information leakage.

  • 100% Bonus to Help You Maximize Profit

Doubled margin helps you double your profits! Deposit 1 BTC and you will get 2 BTC. Up to 10 BTC is available in each deposit and you can withdraw all the profits generated by the bonus. Furthermore, bigger margins mean that your positions are less likely to get liquidated. Your positions will be better secured in the highly volatile market.

  • 10 BTC for Demo Account

Bexplus is known to be a beginner-friendly exchange: every user will get a demo account with 10 BTC upon registration. Users can explore futures trading with the demo account and learn to analyze the market.

  • BTC Wallet: up to 30% Annualized Interest Without Any Risks

Bexplus users can gain profits not only from trading. Join the Bexplus wallet, you can earn up to 30% annualized interest without taking risks. With up to 30% annualized interest, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

  • Trade Freely on Android & iOS

The top-ranking Bexplus app integrates all the necessary functions and tools (real-time charts, a variety of indicators, news alerts and etc.) while keeping a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Furthermore, the 24/7 notification could keep you updated with big price movements, making it easier to secure your positions.

Meanwhile, if you want to improve your trading skills, pls feel free to contact our analyst telegram (https://t.me/Bexplus_Jane).

 

Follow Bexplus on:

Website: https://www.bexplus.com/
Telegram: https://t.me/bexplusexchange
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus

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DeFi in 2021 – Will It Stand the Test?

The total value of the DeFi market has jumped by 2,000% in just twelve months, but compared to the total market capitalization of all cryptocurrencies, DeFi accounts for less than 2%. This means that there is plenty of room for growth and in 2021, DeFi could take off if the authorities do not impose any restrictions or attack the growing number of stablecoins.

It is possible that the total value locked in the DeFi space will surpass $100 billion, as there will be greater integration of crypto-tools in the financial industry, and related technologies into the real economy. To move to the next level of global acceptance, cryptocurrencies need full legalization in key economies and this process will continue in 2021, as the market will remain attractive for institutional and private investors.

The signs of growing adoption are there as central banks will be soon launching a large number of pilot projects to implement CBDC (Central Bank digital currency) instruments, and large corporations will start testing their own stablecoins. But risks remain as a correction of Bitcoin to around $20 thousand or even up to $15 thousand in some negative scenarios could mean a disruption of all those plans.

An important factor to remember when making predictions is that the crypto market is largely based on speculation, making it difficult to project its development far into the future. Many analysts are saying that at the beginning of 2021, the cryptocurrency market may face a 25-30% decline. But it is important to highlight several important trends that will become the main drivers of the growth of BTC and the altcoins as the year continues.

The key and most important factor influencing growth is the influx of companies from the S&P 500 list to the crypto market. Several large purchases of Bitcoin were already marked last year, which led to fluctuations in the exchange rate of the king of crypto. Given that Bitcoin is the most profitable investment instrument to date, the capitalization of the cryptocurrency market will continue to increase.

The growth of the DeFi ecosystem is another major factor, as the industry has surpassed $270 billion in transaction volume and is showing no signs of abating. In fact, it is the DeFi sector that is fueling interest in stablecoins and assets capable of providing passive income generation through yield farming.

Assets like the Wrapped ILCOIN (WILC) stablecoin presented by the ILCOIN Development team for stimulating the development of new technological breakthroughs for the blockchain and DeFi industries. WILC is part of the unique ILCOIN technology supported by the fastest available RIFT Protocol second layer solution powering the DCB smart contract system designed for storing large amounts of data in a decentralized manner. WILC is in league with the rest of the DeFi market as a yield farming instrument traded at a 1:1 ratio with the native ILCOIN at around 1 USD per coin.

While most are looking at capitalization rates, some players in the DeFi space are using the current potential of cryptocurrencies for powering development and bringing new technologies to the forefront. It is quite possible that if a recession does hit, those with tangible, technological assets on their hands will end up the real winners and may continue the fight for the adoption of cryptocurrencies worldwide as means of payment with new, more advanced tools at their disposal.

The post DeFi in 2021 – Will It Stand the Test? appeared first on Live Bitcoin News.

MXC Exchange Opens Metallex (MTLX) Trading and Yield Farming

Seychelles, Feb 3, 2020 – Leading Asian cryptocurrency trading platform MXC Exchange (www.mxc.com) beats the competition to provide users with exposure to Mettalex. Traders can trade MTLX/USDT, engage in yield farming, and participate in the Red Envelope event to acquire tokens. This fully represents MXC Exchange’s vision to become the first stop of quality projects, providing users with the best potential assets.

Mettalex Arrives On MXC Exchange

As part of the Mettalex listing on MXC Exchange, users can trade this governance token against USDT starting at 12:00 GMT, Feb 8,, 2021. In addition, they will be able to acquire MTLX through MXC’s Yield Farming starting today at 03:00 GMT, with the campaign ending on February 6, 2021.

MXC Exchange users who hold 10 MX、1 USDT、0.001 BTC、0.01 ETH will be able to partake in the yield farming through the “MX DeFi” section, either via the website or through the MXC mobile application. There is no hard cap for either of these three assets but entry standards of 10 MX、1 USDT、0.001 BTC、0.01 ETH will apply. The 5,200 MTLX reward pool is divided as follows:

  • MX: no hard cap; a total of 1,560 MTLX liquidity yield (30% of the yield pool)
  • BTC: no hard cap; a total of  1,300 MTLX liquidity yield (25% of the yield pool)
  • ETH: no hard cap; a total of  1,300 MTLX liquidity yield (25% of the yield pool)
  • USDT: no hard cap; a total of  1,040 MTLX liquidity yield (20% of the yield pool)

A Strong Marketing Campaign With Various Prizes

To celebrate the listing of MTLX on MXC Exchange, a dedicated marketing campaign is currently underway. Users of the exchange are able to partake in these events and aim for MTLX prizes accordingly.

  • Follow MXC and Mettalex on Twitter, share this tweet, add a comment, and tag three friends (10 winners receive 1 MTLX each)
  • MXC/Mettalex Telegram AMA on February 5 (11:00GMT) and February 8 (9:00 GMT) with several quizzes (total reward of 700 MTLX)
  • Red Envelope via WeChat: awarded to a random user trading MTLX on MXC Exchange (28 MTLX reward)

MXC Exchange Director of Operations Alex Zha adds:

“At MXC Exchange, we are committed to providing our users with access to promising tokens at an early stage. By not only introducing a trading pair, but also providing yield farming and engaging in the Telegram AMAs, we want to show our support for Metallex and build a strong working relationship with their team.

Mettalex Founder and CEO Humayun Sheikh commented on the listing:

“With the MTLX:USDT pair available on MXC we are making the MTLX governance token available to new users worldwide. Now anyone interested in the Mettalex commodity derivatives exchange will be able to acquire a piece of the project without paying high gas fees on the most popular decentralized exchanges. We will continue to make MTLX accessible to a global audience and are thrilled to have MXC as partners.”

The listing of Mettalex on MXC Exchange marks an important milestone for the project. It is the first time a bigger trading platform will list MTLX and provide a DeFi yield farming opportunity to its users. This further validates the team’s approach and highlights MXC’s user-centric focus by providing early access to these up-and-coming tokens.

 

About Mettalex

Mettalex is a decentralized commodities derivatives trading platform powered by Fetch.ai. Founded with the mission to bring the $20 trillion commodities market on-chain, Mettalex provides the technology needed to scale the DeFi ecosystem to meet the needs of today’s global financial markets. For more information, please visit https://www.mettalex.com.

About MXC Exchange

Established in April 2018, MXC Exchange is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.  For more information, please visit https://www.mxc.com/.

The post MXC Exchange Opens Metallex (MTLX) Trading and Yield Farming appeared first on NullTX.

A DeFi Future or Bust

The start of 2021 has seen a revival of Bitcoin – the major cryptocurrency that acts as a tug for the rest of the crypto market. And though the surge in its price marks an important milestone in its history, a major question remains about the viability of the rest of the market and the phenomenon of DeFi that has led to the popularization of cryptocurrencies as means of payment in 2020.

There is no doubt that cryptocurrencies are shrouded in more doubt than opportunity as most participants in the crypto community have different attitudes towards the DeFi market. Some are enthusiastically following its success and praising the possibilities of digital currencies, while others are using DeFi to earn on its lifecycle. There are others still, who are looking for alternatives for earning on the market in light of the economic woes beleaguering the world.

But the future holds some moot points for the DeFi market and there are questions about whether it can survive in 2021. Despite the limited application of most projects that emerged on the crest of blockchain hype, DeFi has proven to be one of the most adoptable aspects of decentralized technologies in the real world. The given factor makes it clear that DeFi will occupy a certain niche in the financial market. An indirect sign of the viability of DeFi is the emergence of new projects supported by major players on the market, such as Binance and other exchanges.

Another important aspect of decentralization is its ability to provide additional passive income through staking and investments. As BTC has become heavily dependent on a small number of large mining pools that few can compete with, blockchains like ETH are offering average holders of assets the chance of becoming validators in staking without the need of having expensive equipment. A relatively low barrier to entry guarantees decentralization and prevents compromise of the blockchain network along with income.

The main advantage of DeFi solutions is their decentralized nature, which removes legal restrictions and allows users to quickly conduct transactions with cryptocurrencies quite reliably due to the use of the blockchain and without excess KYC requirements. Another example of the results of the growth of DeFi is innovations in the field of related technologies and offerings, such Wrapped ILCOIN – the latest development released by the ILCOIN Development team.

ILCOIN is a unique technology supported by second-layer RIFT Protocol solutions while WILC acts as a stablecoin in a similar way that Wrapped Bitcoin works and allows for passive income generation opportunities. WILC is an ERC-20 token that works on the Ethereum Virtual Machine and is tradable directly with the native ILCOIN asset and Ethereum by novice and expert crypto enthusiasts. One of the main purposes of WILC is to allow the development of the DCB smart contracts system capable of storing large amounts of data in a decentralized manner. WILC is scheduled for release at the beginning of February 2021, and will be tradable for ILCOIN at a 1:1 ratio from the moment of launch.

The successful launch of WILC and the DCB it is designed to fund and support is but one of the examples of how DeFi is being used not only to empower average users to find new earning opportunities but support promising technologies. If the trend continues, 2021 can see the birth of some interesting developments that can act as off-ramps for greater cryptocurrency adoption.

The post A DeFi Future or Bust appeared first on Live Bitcoin News.

How to Choose a Reputable Gambling Site?

Even though the online gambling industry was experiencing steady growth over the last couple of years, its popularity has been skyrocketing since the beginning of this year. Many long-time passionate players have started to enjoy the luxury of betting on low deposit casino platforms. The number of sites dedicated to gambling is continuously growing, and it’s becoming somewhat difficult to choose the right one.

As many big companies are trying to enter this market, the competition is fierce. Online casinos try their best to attract new players by offering various benefits like bonuses, promotions, and gifts for regular players. Nonetheless, many bettors still have a difficult time choosing the casino they’re going to play in. They don’t know what makes a good gambling platform and how to choose the right one.

In this review, we’re going to show you what makes a good gambling site and how to choose it. Now, this is a very complex topic, and it needs to be addressed with maximum focus — that’s exactly what we’re planning to do. So stay with us!

1.  How to Choose a Reliable Betting Platform?

Every gambling site can be assessed from many different angles. Before you begin your search and analysis, you need to know what you’re looking for. So, let’s see!

2.   Determine Your Goals

The large and unpredictable jungle of online gambling is filled with thousands of different gambling sites. It would take you too long to analyze them all, so such an effort would prove pointless. You must, therefore, set a goal. No matter what the current trends are, the gambling platform you’re going to play on has to satisfy only your needs and requirements. Once you determine this, you may begin your quest.

3.   Conducting Research

Gambling sites that seem attractive at first glance need to be appropriately analyzed. This means you should make your account and try to play some games. Read as much as you can about the company and the licenses it holds. You should try to determine if the gambling authority that issued this license is well-known and if its track record can be checked. Is the site itself fast and responsive? Is it well-designed and easy to navigate?

Online gambling forums turn out to be very useful resources for this kind of research. There, you can meet all sorts of gamblers, both rookies and experienced ones, and ask them for their opinion. You can ask for advice — who’s more appropriate to give it than those who have been gambling for years? You can also check if there have been any complaints about the platform you’re interested in or if it ended up on some kind of a blacklist.

4.   Payment Methods and Money Processing

When assessing an online gambling platform, you should always carefully examine the payment methods it offers. Nothing is more important than the safety of your money. It would be best if the casino collaborated with some famous names from the payment processing industry, such as Visa and Mastercard. Of course, these are not the only two you should be looking for. There are many other highly respected brands you can count on.

One of the most important things about money processing is the duration of transactions. It can vary a lot depending on the casino you choose, so make sure you check such details before making a deposit. Also, make sure you’re aware of all the fees that expect you, both standard and additional. Checking all the conditions and requirements is what’s going to keep you safe.

5.   Customer Support Service

No good online gambling platform can be imagined without a group of reliable customer support agents. Their job is to be available around the clock. Aside from being well-informed about all the important topics, customer support agents have to be friendly and eager to help. When a problem appears, they’re the ones who tackle it first, and the future of every gambling platform depends on them.

6.   Bonuses and Promotions

There’s no better magnet for new players than a well-designed offer of generous bonuses and promotions. This is one of the most important aspects of every gambling site. All players like them and they want to collect as many as possible. Even if profit is not your primary goal, you should always prefer platforms with better bonuses. This way, you can use your bonuses to increase the number of games you can play.

7.   Collection of Games

Another way to recognize a high-quality gambling site is by its collection of good games. A good gambling platform should have a wide variety of interesting and engaging games made by some of the most famous software producers in the world. Games can often be checked for free, so this shouldn’t be a problem. Try the ones you like to play and see if there are any of those annoying bugs or errors everybody hates to see.

8.   Security System

Every successful online gambling platform must implement some of the latest security measures. By that, we mean SSL-encryption and other reliable safety algorithms. These protect you from all sorts of hackers and internet scammers. Their sole purpose is to hide your private and financial data so that no one can abuse it. To make sure everything works as it should, you should always start by depositing smaller amounts of money.

Conclusion

All things considered, finding the perfect online gambling platform isn’t an easy task, but it can be done. Many aspects need to be carefully examined, and some of them require more in-depth knowledge in fields like software development and online security. All you need to do is stick with these directions and listen to your instinct. Never rush things, because success takes time.

The post How to Choose a Reputable Gambling Site? appeared first on Live Bitcoin News.

TTM Bank Crypto Card: Instant Conversion, Favourable Exchange Rate, 24/7 Support

Crypto fiat cards is a new payment instrument which becomes increasingly popular with the development of the cryptocurrency market. Crypto cards are used as traditional banking cards for paying for goods and services. But instead of being replenished by fiat money, they are reсharged with cryptocurrencies. Crypto cards bridge the traditional financial world with a new world of digital currencies.

A new opportunity to pay at offline POS with cryptocurrency cards appeared thanks to the automatic conversion of digital currencies into the necessary fiat currency: instead of cryptocurrency the seller receives traditional fiat money for goods or services. It is convenient for the crypto card holder because it is no longer needed to manually convert currencies or transfer money from one account to another. In recent years, many services have appeared on the market offering to issue a cryptocurrency card. Each crypto card has its distinct features: some cards are available only for the US and EU citizens, some require the conversion to the internal platform tokens, and some offer to link funds with their own cryptocurrency address. In this review, we will look at how the TTM Bank crypto card, which attracted us with its concise design, ease of use and favorable conversion rates, works.

At first, we emphasize the key benefits of the TTM Bank crypto card which favorably distinguish it from other similar financial products:

  • Available for the residents of Russia;
  • Supports four digital currencies: BTC, ETH, USDT и TRX;
  • Instant conversion of deposited cryptocurrencies to euro;
  • Withdrawals in fiat at any ATM that supports VISA;
  • The deposited funds are stored in the licensed bank.

Let’s dive deeper into TTM Bank crypto card terms and conditions. The card is a product of the TTM Bank, which is the trade name of btc2wire company registered in Estonia. Distribution, delivery and management of card accounts are carried out by the company’s partner, financial services operator UAB Walletto, registered in Lithuania and a member of the VISA payment network. Deposited funds in fiat currency are stored in a licensed bank. Therefore, the crypto card can be used at any place that accepts VISA.

Users can order a stylish elegant black plastic card or its virtual version.

How to get the TTM Bank crypto card

To receive the TTM Bank crypto card,  the user can follow the easy registration process, confirm the email and fill the profile with such data as name, surname, the address of residence and citizenship.

In accordance with the EU regulation, it might be needed to follow the AML/KYC procedure and send the identity verification document (for the residents of Russia it is the international passport).

The default option is the classic plastic card delivered to the address used in the sign-up form. The delivery is carried by DHL free of charge for the cardholder.

To complete the registration, it is necessary to make a first deposit of 100 euros. The payment can be done with cryptocurrencies or via traditional banking card the funds from which will be withdrawn in fiat.

Cardholders can also make instant transfers to the accounts of other TTM Bank crypto card holders without fee. Transfers are made in euros. The sender only needs to specify the recipient’s card number and the full name of the addressee user.

Another convenient feature of the TTM Bank crypto card is the ability to issue a chargeback if, for any reason, goods or services purchased using this card were not delivered.

Special attention should be paid to the technical support of TTM Bank. The support service works around the clock and responds to all requests very quickly — a pleasant difference from many other services. Communication with the support service can be carried out either through a chat in the TTM Bank personal account, or by email. If necessary, the managers will contact the customer by phone.

The fee for card maintenance per month is a fixed amount — 2 euros. Transaction limits are set at 2,500 euros per day for both online and offline payments, as well as for cash withdrawals with conversion to fiat at ATMs. Please find more information on fees and limits here.

The post TTM Bank Crypto Card: Instant Conversion, Favourable Exchange Rate, 24/7 Support appeared first on Live Bitcoin News.

Conversation with Norbert Goffa – Co-Founder of ILCOIN – About the Cryptocurrency Market, Trends and Vision

An interview by Alyona Karpinskaya
Interviewing: Norbert Goffa

Q: Currently, everybody is talking about the skyrocketing price of Bitcoin. Did you expect that Bitcoin would reach its all-time high by the end of 2020?

A: Frankly, I did not. I expected it to strengthen more by the end of the year, but nobody figured that it would happen at this pace. We analyze the forecasts a lot about the possible change in Bitcoin’s price with our team, but this pace was really surprising. For my part, I refrain from forecasts and I do not regard as realistic the theories which are forecasting a hundred thousand dollar prognosis within a relatively short time interval. I figure that the point is not in predicting exact prices, but rather in forecasting tendencies. I think that excessively rapid growth also has its disadvantages, just look at the present market.

Since everything is defined by Bitcoin, it is necessary to review the negative effects which are caused by steep price increases. Of course, who wouldn’t be happy to have their Bitcoin be worth more and more? Naturally, it is in everybody’s interest, but, at the same time, other effects should be paid attention to, since Bitcoin has an unmitigated dominancy on the cryptocurrency market, and because of this – a strong Bitcoin may not serve the other participants of the market. The ones who are surely very pleased are the miners, since their charges change for the better with this price.

Q: You referred to altcoins in the previous question. Could you elaborate on that a bit more to explain how you see market trends?

A: Whenever Bitcoin strengthens, all the altcoins, which cannot keep up the pace, weaken compared to Bitcoin. Whenever Bitcoin weakens, the altcoins typically lose a lot more from their value, since they are already behind compared to Bitcoin. As a specific example, if we take a look at the all-time high price of Ripple or Ethereum, then we see that they are very far from the prices they had previously reached. Bitcoin, however, already exceeded that price, so we can state that everybody suffered a grievous defeat against Bitcoin.

Of course, this does not mean that an altcoin – the new ones in particular, which are mainly DeFi projects – cannot make a bigger profit than Bitcoin. In my example, I was referring to the veterans, which happened to enter public awareness as alternatives to Bitcoin. I could have laughed at these visions years ago. Bitcoin not only cannot be overturned, but it is almost impossible to get even close to it. I deem this as a good thing and an advantage in the long run, since it is unnecessary to find alternatives for the same purpose that we use Bitcoin. It is more important that a project presents such solutions in which Bitcoin cannot be counted on. From this point of view, Ethereum is a paragon, since it provides such a solution that Bitcoin is not capable of. Personally, I think that contending with Ethereum is more of a challenge for the altcoins than competing with Bitcoin. Because it is like challenging dolphins in a swimming contest in the ocean.

Q: You mentioned Ethereum as the paragon of the cryptocurrency market. What do you think, how will Ethereum 2.0 affect its price?

A: If I could answer simply, I would say that it is not a very influencing fact that Ethereum is creating such a smart contract network with which the investors’ Ether is getting staked. I do not want to predict anything, but staking is somewhere around the inflation level. This is something like bank interest, but still, it is not the same. My opinion is that in the long run, Ethereum’s strategy is not that good, since these solutions are also making Ethereum less worthy. Of course, this is not clearly black or white. There could be a price-increasing effect from Ethereum 2.0, but I see a market that works differently, where we cannot say that an upgrade like this will make such and such profit for investors. There are so many unpredictable factors, so these forecasts do not have any significance besides marketing value.

Let us say that tomorrow Bitcoin will fall back to 20k. Is it good or bad? Naturally for those who purchased in the past few days it is very bad. On the contrary, for those who have been consciously building their Bitcoin portfolio for years, it is certainly good, since a good trader earns their money on movements and not only on continuously rising prices. This is exactly why DeFi projects are popular, since one could make a lot of money with them. Let us just check the recent time range of Year.Finance.

Q: You referred to DeFi projects as easy profit-making possibilities. What is your opinion regarding how long the buzz around DeFi will continue and what will be the end of it?

A: Right now, attention has been lowered on DeFi projects and everybody is watching Bitcoin. I’d like to add that it is rightly so. What happened with Bitcoin is way over the expectations of 2020. And that is answering your question regarding that DeFi will continue on the road it has taken. DeFi has a future, since DeFi stands for the decentralization of the cryptocurrency market. You would think that a centralized exchange has a lot of advantages, since it secures the money of its clients. Yes, and it is also the case of an exchange that won’t pay out the client’s money. Sadly, we have had quite a lot of experience with such cases. Exchanges can disappear with the users’ money! Of course, you could say that you have to use exchanges with a good reputation. Naturally, it is a way, but the question is the price. I’d bet that the success of freshly arriving tokens lies in the fact that at the moment of launch, one or two TOP exchanges are already backing the project. If I may conspire a little, then I would say that the exchanges are also owners in these projects. If a token is on one of the TOP exchanges, then that is already half of the success. I would also like to ask – how decentralized is the cryptocurrency market really?

Q: Thinking over what you just said, we can assume that it is easier and more cost effective to create an ERC20 project than building a coin on own technical innovations. Is this what you wanted to point out earlier?

A: Yes, that is exactly what I wanted to refer to. You understand it. Of course, you can argue about it, but it is not worth it. The cryptocurrency market prefers the token-based approach regarding trading, rather than the individual coin-based approach. I do not mean that it is a wrong approach, since from a speculative point of view, one token could be enough for success. If I generate 1 million tokens, which is the maximum of my project’s supply, then I could easily give 250,000 to an exchange in order to make it launch the project. This is what I was referring to in the previous question.

This does not mean that your own coin, which is based on a unique technology, would not be valuable or would not be more valuable than those of token-based projects, whose purpose limits to speculative trading. Both approaches have advantages and disadvantages. This is why I think that stock market trading might be more effective than token based, but it is not enough by far in case of real terms. This is why I think that in the long run, a unique technology will be more rewarding.

Q: Let’s talk a little about ILCOIN. You created the RIFT Protocol about a year ago. What happened since then in the ILCOIN Blockchain Project?

A: We transformed in several respects. Although we won the race for block size increases, I could say that we were the only ones who crossed the finish line. Even we ourselves did not expect this. This is not good, definitely not good, since if you are the only participant in a race, then it is not a race anymore. In one word, all of the attention has been drawn from the block size increase and the on-chain based data storing, and directed to DeFi projects. I admit that we did not anticipate this, but I guess that we are not alone with this problem. We have to see where we outperformed and what caused the contest to lapse. Why would you come out with a 2GB block, if there were someone who made a 5GB block. At the most, you can grant free promotion for the winner. At the same time, I think the day will come when the RIFT Protocol will be commonplace.

Then, add COVID19 to all of this, which also balked our plans. You can say that 2020 was not our year for sure. At the same time, a lot of good things happened, and these advancements will have their market effects in 2021. It is enough to mention our VR game, since we have serious plans for it in the future, since Age of ILCOIN: Retribution shall be the most important element of the DCB. Besides this, we have plans regarding that ILCOIN should be a part of DeFi projects, because we believe in the benefits of the expansion of Decentralized Exchanges. All in all, there is a lot happening in the background, and I’m sure it will bear results.

Q: If I understand it correctly, you wish to say that it is expected that the price of ILCOIN will rise during next year? If we take a look at this year, your price has fallen greatly. Is there any special reason for that or is it just the way the market went for you?

A: That is a difficult question, and I had hoped that you wouldn’t ask it. But, obviously, this question is what’s on everyone’s minds. I guess there is no project that likes talking about decreasing prices. I would like to add that we are not alone, since we are proportionally in a better position than some of the top altcoins. But, I would not like to hide behind others, so it is a fact that we too lost a great deal this year. At the same time, I do not see this as such a great problem. All cryptocurrencies went through the same process. Bitcoin needed two years to find the way back to its former self, and it even exceeded that. The fact that we lost a lot from our price does not mean that there is no potential in us. I think that this is exactly why we have a good chance of rising in the future. Of course, we need new business partners and reforming is also necessary. We are working on that and I’m happy to say that our prospects are very favorable.

It is natural to ask the question as to why our price decreased. There are several reasons behind that, of which I would not like to speak, since it is very speculative. It is for sure that we generated more enemies than friends with the 5GB block. We terminated our cooperation with some of our partners and, of course, the interaction with the exchanges was not always a joyride. We learned a lot from these cases and this is why I was talking about reforming. ILCOIN is a project with great potential, since we have such a development team behind us that has already proven itself. I am sure that we will emerge victorious from the blockchain technology contest in the long-run. I do not promise anything that is not down-to-earth. I never made any factual statements about the price of Bitcoin. And that is not a coincidence, I leave presumptions for others. I’m interested in trends and tendencies. This is how I look at ICOIN. I do not mean any particular moment, because you cannot make long term conclusions from it. I believe in trends, tendencies and innovation. This is why I represent ILCOIN.

For more information about ILCoin, please visit: https://www.ILCoincrypto.com/
Facebook: https://www.facebook.com/ILCoinBlockchainsProject/
Telegram: https://t.me/ILCoinDevelopmentTeam/
About Alyona Karpinskaya:

Founder of the PR-Blockchain agency, technical writer, journalist and publicist.

The post Conversation with Norbert Goffa – Co-Founder of ILCOIN – About the Cryptocurrency Market, Trends and Vision appeared first on Live Bitcoin News.

Top 4 Books About Cryptocurrencies for Beginners

Cryptocurrencies are used worldwide. Yet, some people avoid investing in BTC or LTC because they think these technologies are too difficult. But with a proper education, digital assets can be as easy as free spins online casino Canada. These books are the best for beginners.

Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money by Nathaniel Popper

The best place to start exploring the blockchain galaxy is with the first virtual coin, Bitcoin. Digital Gold is written by the journalist of The New York Times Nathaniel Popper. He tells the story of the creation of the first cryptocurrency. After reading it, you can better understand why the idea of a decentralized payment system. In the end, it turned the whole world upside down.

Blockchain: Blueprint for a New Economy by Melanie Swan

The book about financial instruments and technological innovation Blockchain: Blueprint for a New Economy is by Melanie Swan. It provides a detailed analysis of all aspects of the crypto industry and the potential applications of blockchain and Bitcoin. The book highlights the contradictions of the unipolar model of globalization, which has divided the world into a core and a periphery. According to the author, blockchain technology should put an end to political and financial arbitrariness by introducing decentralized cloud functions that were previously under state control.

The Blockchain Revolution by Don Tapscott and Alex Tapscott

A book about cryptocurrency by Don Tapscott and his son Alex called The Blockchain Revolution. It quickly became a bestseller. The popular non-fiction book, which describes the seven components of blockchain projects’ success. It is about the impact of digital money on the culture and economy of developed countries. It has been translated into 15 languages. You will learn about tokens and ICOs, leaders in the crypto industry and the states most loyal to innovations in the field of payment assets.

The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order by Paul Vigna and Michael J. Casey

The Age of Cryptocurrency presents an in-depth analysis of the role of electronic money in today’s world. Readers will find out about the history and reasons for its emergence, and the potential of blockchain technology to guarantee transparency and control. Paul Vigna and Michael J. Casey believe that society must be prepared to fundamentally change all aspects of economic and political relations. Soon there will be an era of cyber-economics and virtual assets will be the main type of money.

The post Top 4 Books About Cryptocurrencies for Beginners appeared first on Live Bitcoin News.

What is the future for the new Facebook’s cryptocurrency Libra?

Over the past few years, most of us have at least heard the name “Libra” being mentioned when discussing about the mainstream adoption of cryptocurrency. Those who buy Bitcoin religiously claim that Facebook is about to make a big move in the space. But how much truth does this statement hold? For all we know, the project is constantly being postponed and bashed by the US government, and has lost most of its fancy supporters.

In this article we take a look at the recent developments surrounding Facebook, the Libra Association, and the controversial Libra project. After reading this post you should have a better idea about the path of the promising crypto project.

Libra over the past two years

For those who don’t know, Libra is Facebook’s attempt to create a digital cryptocurrency that can be used by all of its users en masse. Mark Zuckerberg even announced it back in the day, claiming that it would go public in 2020.

You can read the transcript or the senate hearing here. To make a long story short, the founder of Facebook was heavily question about the project he was set to undertake and mentioned that he would not do anything unless it is fully regulated and in par with the wishes of the senate. A short while later, the project as put on hold, and remained inactive ever since.

A short while after the hearing, The Libra Association lost many of its promising partners, who were each going to add $10 million each towards the development of the project. For many, that was the end of Libra. However, for the people over at Facebook, work continued in the shadows.

Rebranding to Diem

Over the past few days news broke once again with regards to Facebook’s cryptocurrency. In The Libra Association’s efforts to distance themselves from the unregulated project idea of 2019, they decided to completelly rebrand their project in Diem (latin for “day”) while maintaining their old logo. So what is different about Diem?

The project now has organizational approvals from all involved parties and is preparing for its 2021 launch. The original Libra Association will now be known as The Diem Association and according to Bloomberg, the cryptocurrency will be known as Diem US dollar.

Similar to the way we saw the Digital Yuan being released to the public, Diem will also be introduced gradually. Its first, limited form will be available to a select number of users who will onlybe able to measure Diem’s value in USD, unlike the initial prosed method that had it linked with the value of many different FIAT currencies.

According to Stuart Levey, the CEO of Diem Association, “The Diem project will provide a simple platform for fintech innovation to thrive and enable consumers and businesses to conduct instantaneous, low-cost, highly secure transactions,”. In essence, Facebook’s branch is creating a regulated US-pegged stablecoin, just one month after the STABLEact is introduced to the public. For many, this is the government fighting back against the popularity of Bitcoin, while also (finally!) joining the blockchain revolution.

Where do we go from here?

The initial proposal of Libra, according to Mark Zuckerberg was essentially an alternative currency that cen be exchanged through the platforms owned by Facebook in order to conduct more seamless and low cost transactions. In the initial stages of the project, Facebook announced plans for a digital wallet to support the new currency, known as Calibra. The wallet is now known as Novi.

Looking back, everything just happened a little too fast for tech-illiterate people to follow through. Not many trusted the project’s ability to become a reality. At this point, most of the fears and uncertainties have been debunked and the project is getting ready to enter the financial world. Not many know the exact date for its release, but there is now more confidence that Facebook will not be controlling the issuing and allocation of the funds as a sole “financial institution”.

Wrapping up

We continue to experience many developments that point towards a fully digital currency world – one where people no longer have the ability to stack cash and avoid tax payments. Not just that, but third parties will be able to gather even more data on their people, by tracking how every dingle dollar is spent. In time, this should lead to more personalized promotions, and increased hardship to control one’s own finances without overview of the state / government.

While it’s currently still in its ideation phase, Diem could be the final drop in an already full glass of privacy intrusion. We will wait & see.

The post What is the future for the new Facebook’s cryptocurrency Libra? appeared first on NullTX.

The 5 Best Online Trading Platforms in Australia

Every forex trader needs a platform. Without one, you won’t be able to connect to the forex market to start trading.  If you search for forex trading platforms, you’ll likely come across a variety. However, the problem you can face is determining which platforms are regulated and trustworthy over the others.

We made a list of the best five online trading platforms for Australian traders. The following list is of regulated and trusted brokers and platforms that can help you make the most of your forex trading. Take a look at these forex trading Australia reviews to pick the best one for you.

FP Markets

FP Markets is considered one of the best overall platforms in 2020. It is licensed and authorized by ASIC and CySEC, both showing this is a trusted platform. They have years of experience serving clients worldwide. FP Markets has many features going for it, but some of the best include investing in innovation and ECN electronic bridges for powerful trading technology.

You can rest assured that this is a safe broker, and it has its headquarters in Sydney, Australia. It uses some of the leading technology in the industry for fast speeds and low spreads.

AvaTrade

If you’re a beginner trader that is still learning, then AvaTrade will be the platform for you. It was named one of the best platforms for beginners in 2020. AvaTrade is authorized by multiple authorities, including ASIC.

Regardless of your knowledge, this platform is sophisticated with its trading solutions and offers excellent customer support with live chat. One downfall, though, is that phone support is not available every hour of the day. So, as a beginner trader, your best bet is to work within their support hours.

Pepperstone

Pepperstone is known for having the lowest spreads for forex trading. Another fully authorized broker and trading platform, the great thing about having the lowest spread are that you have the lowest difference between the asking and bidding price. That eventually means more money in your account.

It doesn’t stop there as Pepperstone receives numerous awards in client satisfaction, platform reliability, ease of use and overall value. It’s a good platform with a solid reputation.

GO Markets

If you’re looking for a globally recognized broker that is fully compliant with competitive spreads, GO Markets may be the one for you. It is a long-standing platform with its main headquarters in Australia.

GO Markets offers learning and research tools alongside their top customer support for those looking to further their knowledge in forex trading. You can also use leverage with this platform to potentially increase your gains while reducing your risks.

Alpari

Lastly, let’s look at Alpari, which is another excellent and well-known brokerage platform. It is one of the top forex brokers with years of experience. It offers multiple trading opportunities, including Cryptocurrency trading, Binary Options and currency pairs.

Alpari takes all levels of traders seriously. By offering their Investment Academy’s education courses, beginner traders can thrive with this platform, while experienced ones can learn a few more tricks.

Ready to start forex trading? Look for true ECN brokers that are regulated and compliant in their country.

Image by sandid from Pixabay

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Accelerating the Creation of Ethereum Dapps With Tokamak Network on-Demand Platform

The Ethereum blockchain is increasingly becoming the protocol of choice in the development of decentralised applications. Its groundbreaking features such as Ethereum Virtual Machine (EVM), smart contract capability and solidity programming language make it a more suitable alternative for building layer 2 applications. In terms of its usability, the Ethereum blockchain is comparable to the Swiss knife as it packs multiple functionalities within a single network.

This versatility has made the Ethereum blockchain a multi-faceted protocol with various use cases ranging from financial applications, gaming platforms, decentralised exchanges and governance hubs etc. The network has seen niche applications mushroom and gradually grow into multi-billion-dollar economic sectors like DeFi.

The increased on-chain activity, especially from the DeFi space has exposed the limitations of the Ethereum blockchain making its comparison with a Swiss knife quite accurate. The same way the multipurpose tool can perform multiple tasks, albeit with limited functionality, is the same manner that Ethereum performs when burdened with numerous layer 2 applications.

ETH 2.0 and competing scalability solutions

The Ethereum developer community is working on a solution to expand the network’s capacity, improve its performance and effectively end the scalability problem. The solution, named ETH 2.0 is being implemented in multiple phases with the initial one just adopted in November. The complete upgrade is estimated to take about 5-6 years.

This is quite a protracted period, especially considering the fast-paced development of new Dapps on Ethereum. Simply put, it is not feasible to wait that long as new use cases emerge and various projects are keen on building Dapps on the network. But, the protocol currently lacks the capacity to host all these layer 2 applications.

The Ethereum community has taken the initiative to develop alternative solutions that can help the network scale whilst improving efficiency and security. Various projects are pursuing different potential solutions like plasm, state channels, side chains and rollups among others. With each project racing to become the first to deliver a viable solution, the search for layer 2 scaling solutions has turned into a ‘war’.

Competing teams have often criticised and poked holes into their rivals’ solutions and questioned their sustainability. Though these checks are ultimately beneficial to the network, the intense rivalry and aggressive competition could be detrimental to the community and adversely affect development.

Tokamak Network focused on collaboration not competition

The Tokamak Network team led by CEO Kevin Jeong understands the need for cooperation in the quest for a lasting solution to Ethereum’s shortcomings. Jeong has made public Tokamak’s dedication to establishing a platform where different projects and teams can come together and work towards the common goal of improving Ethereum in readiness for its widespread adoption.

He reiterated this vision during Korea Blockchain Week 2020, a place where blockchain leaders from different fields of expertise gather to share knowledge and discuss challenges surrounding the blockchain industry.

Jeong explained the reason behind the rebrand to an on-demand layer 2 platform. The Tokamak Network CEO highlighted the dilemma that developers face in selecting the appropriate layer 2 protocol on which to build their application. Accordingly, each of the existing platforms has its core strengths and value proposition that stands out from the rest.

For instance, StarkWare has better scalability with zk proofs, Optimism offers better composability, Aztec is more suitable for projects seeking strong privacy and zkSync has better smart contract functionality.

Since each of these protocols is independent, developers will need to buy the native tokens to access the platform and maintain their application there. They have to repeat this process and build afresh whenever they want to incorporate a feature from any of these varying architectures.

This a laborious and quite hectic process that may put off some organisations interested in adopting blockchain technology by building Ethereum-based Dapps.

In this respect, Jeong outlined the plans to aggregate all these solutions under one on-demand platform.

Tokamak on-demand layer 2 platform

Under this recently announced plan, the Tokamak Network will serve as the aggregator and its native currency, TON, powering the ecosystem economy. Tokamak Network has a unique feature that makes it an ideal aggregator. It is the first Turing complete layer 2 plasma protocol. This means that each plasma chain created on the Tokamak Network has similar functionality as the Ethereum main chain. Therefore, other layer 2 applications, Dapps and smart contracts can be transferred across in a seamless manner.

Interested developers, projects and organisations will be able to access all these alternative layer 2 solutions on Tokamak Network easily and conveniently. Most importantly, users will not be required to purchase the tokens for each protocol to access it. Rather, all these native tokens will be integrated in the Tokamak token economy meaning users will only need to buy TON to access any tool and resource on the platform.

The aggregation of all these solutions under the Tokamak protocol will also save developers time, efforts, and resources presently needed to build Dapps on each of these layer 2 networks. Developers will be able to access the preferred features, on-demand and easily integrate them in their application.

Conclusion

Tokamak will accelerate the development of new Dapps on the Ethereum blockchain by providing easy access to the tools and resources needed in the process. By acting as an aggregator, Tokamak will encourage collaboration among competing projects which will help drive the network’s progress forward. The Ethereum community will achieve more through cooperation with different players contributing to the improvement of the network in readiness to its eventual mass adoption globally.

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MinePlex Tokens: Features, Liquidity, Profitability

The story of the MinePlex project unfolded this year. Its mission is to combine the stability and liquidity of traditional financial instruments with the security and transparency of Blockchain technology and cryptocurrencies.

Several products are being developed within the MinePlex project. The first product is MinePlex Banking – a mobile crypto bank. The MinePlex Banking mobile app gives access to fiat accounts in euros and dollars, money transfers within the country and globally.

The second product is the cryptocurrency wallet that supports the native tokens MINE and PLEX (please find information on these tokens below). By spring 2021, the MinePlex team plans to add support for more than 20 major cryptocurrencies.

The tried element of the MinePlex ecosystem is the P2P platform. This service will be available in the form of the mobile application as well. According to the project’s roadmap, the users will be able to purchase cryptocurrencies using a bank card or bank transfer. Also, the platforms will allow to sell cryptocurrencies for fiat and withdraw fiat to a bank card.

Finally, the fourth product is the MinePlex MasterCard debit card which gives access not only to classic features but also serves as a pass to the world of cryptocurrencies. The MinePlex card is linked to the multi-currency wallet that will allow holders to use their cryptocurrencies for purchasing goods and services. Due to this feature, users will be able to withdraw cash from any ATM around the globe. In the future, the team also plans to issue Visa and UnionPay cards.

Contrary to a common bank, MinePlex uses the blockchain part of the project for such regular operations as fiat transfers. This part is covered by the MinePlex blockchain that works on the Liquid Proof-Of-Stake (LPoS) algorithm and smart contracts. The financial “core” of the MinePlex blockchain are two tokens: MINE and PLEX.

MINE and PLEX: how one complement another

MINE is the intrinsic token of the platform. It is the unit of the computational power needed for validating transactions on the blockchain. It is a stablecoin – its price is stable and equals 1 cent. This token is essential for paying fees. The token MINE could be compared to “gas” on the Ethereum blockchain with more features. Also, MINE is necessary for generating new PLEX coins.

On the other hand, PLEX is the “liquidity token” with limited emission. Its price is dynamic and is determined by supply and demand. That very token is listed on exchanges. Similar to Bitcoin, it is built on the deflationary mechanism: its price only grows with time. The initial price of PLEX is 20 cents.

If the initial supply of MINE tokens equals to a bit more than 259.2 billion and its supply is constant, the PLEX tokens could be mined only by generating new blocks on the MinePlex blockchain. That being said, the development of the blockchain is divided into 4 steps and the PLEX emission norm reduces on each step. The final emission of PLEX will be approximately 414.7 billion tokens.

As for MINE, its initial emission will be distributed in the following way:

  • 10% (approximately 26 billion tokens) for the MinePlex Banking reserve fund that will be used for the staking service;
  • 20% of the emission will be distributed among users by selling;
  • 70% of the emission will be placed on the special smart contract that is essential for exchanging MINE and PLEX.

MinePlex staking distinctive features

The important distinctive feature of the MinePlex blockchain, in comparison with PoS-networks, comes from the fact that in the Proof-of-Stake algorithm the proper blockchain functioning is guaranteed by validators that use network’s coins received from minority holders, and this process is called staking (as mining in Bitcoin). When coins are used for staking, holders lose access to them. To use these coins, users need to get them back from staking that could take from 15 to 30 days.

In the Liquid Proof-of-Stake algorithms, which is used in the MinePlex, users delegate the address itself and not the coins. Therefore they still have access to their funds 24/7 without any limitations.

It is noteworthy that the LPOS algorithm was initially used by the developers of Tezos. Thanks to this innovation, Tezos blockchain attracted the biggest number of validators (around 1000) and Tezos was recognized as the most decentralized network with the PoS algorithm.

To generate one block, the protocol chooses from the total number 1 PP for creation and 30 for block validation. PP could be a holder of at least 1 million MINE tokens. First of all, the more MINE coins PP has, the bigger is the passive income from staking. Secondly, the bigger are the PP’s funds, the higher is the probability that this PP will be chosen for the generation of a new block. Thirdly, by participating in the block generation, PP blocks the funds for 5 cycles that serves as an insurance deposit in case of misconduct of some PP.

How to use the income from MinePlex holding

MINE tokens could be compared to a deposit unit for generating stable income, while PLEX could be seen as money or valuable assets.

For example, let’s imagine a user who has 100 000 MINE tokens on his account ($1000). He is the participant of PP. The price of the MINE token is constant and equals 1 cent. So every month the user received PLEX tokens for approximately $200. The user can exchange PLEX to MINE and reinvest tokens or withdraw it and spend. If we calculate the return on investment taking into account the compound interest, the user’s funds will reach $4,5 million in 5 years.

Every user can choose different ways in accordance with their own goals:

– Lock the full profit;
– Use income for purchases;
– Exchange PLEX to MINE, reinvest in deposit and increase return on investment.

The deposits in MINE coins can start to bring income from the 6th month.

How to get MINE tokens

To participate in staking a user needs MINE coins which can be received in the following ways:

  1. Participate in the MinePlex partnership programme. For this, a user needs to open an account and purchase one of the seven “starter packs” with prices ranging from $99 tо $7499. The packs could be bought with fiat, BTC or USDT. In return, the user gets MINE tokens in the amount equivalent to 10% of the pack’s price and the bonus tokens for attracting new users.
  2. Purchase tokens on the Mineplex OTC platform from MINE holders. Orders could be placed in BTC, USDT and PLEX.
  3. Exchange PLEX tokens. PLEX tokens could be received by participating in PP or bought on the MinePlex OTC platform.

In such a way MinePlex unites cryptocurrencies and the financial world. In a common bank, the dollar deposit will bring almost nothing. On the MinePlex the return is up to 20% monthly. The liquidity in this ecosystem is provided by the PLEX token.

The post MinePlex Tokens: Features, Liquidity, Profitability appeared first on Live Bitcoin News.

Top 5 Cryptocurrencies Used in Online Casinos

In 2020, almost everyone knows what Bitcoin is. Thanks to its meteoric rise on exchanges in 2018, millions of people learned about it in the news. However, despite being widely recognized, it’s still far from becoming an essential part of the financial ecosystem, let alone being a leading payment method.

There are a couple of reasons for this. First off, cryptocurrency in general is not the most straightforward system to use. To a person who just heard about some mysterious altcoins in the news, all the talk about blockchain, public and private keys seems like too much.

On top of that, Bitcoin is seen as an investment tool, not as a handy method of making payments. Despite the promise of anonymity in digital payments, Bitcoin remains too volatile for a regular Joe to risk holding significant amounts of money in it.

However, the future where cryptocurrency becomes as standard for online payments as cash is offline may not be as far in time as you think. There’s one industry that does a lot to help promote Bitcoin, online gambling. In fact, if you read BitStarz casino review, the leading Bitcoin casino, you’ll find that it accepts a range of altcoins as well. Plenty of other casinos do so as well.

The most unlikely thing about the online gambling industry adopting cryptocurrency is the fact that the average age of a gambler is 45! Plenty of people who you’d never consider to be crypto-enthusiasts are adopting this payment method and this goes to show that everybody can do it. Here are the top five altcoins that are being adopted by the gambling industry.

Monero (XMR)

Monero is one of the altcoins that improve upon Bitcoin’s ultimate offer, the anonymity of online payments. It processes payments through the bitcoin in such a way that they cannot be traced back to the original sender. This is done by encrypting the information that is processed by the blockchain network with a range of solutions.

No wonder why Monero is widely used for making truly anonymous payments, including ones at online casinos. Why does it only score in fifth place then? Because it’s a private, not public cryptocurrency, it was banned in several countries and exchanges due to illegal activity concerns. On top of that, Monero’s cryptography was recently cracked by a US firm, diminishing its main appeal.

Dash

This Bitcoin fork is quite an improvement on the original both in terms of privacy and transaction speed. Dash gives its users two options for sending cryptocurrency: InstantSend and PrivateSend.

InstantSend lets users send and confirm the transaction in mere seconds. PrivateSend takes longer, about a couple of minutes, but does not leave a trail in the blockchain network. It’s still processed through the network, Dash coins are just mixed with multiple others from different users to make the funds fully anonymous and untraceable.

This allows Dash to make it to fourth place on this list.

Litecoin (LTC)

Another Bitcoin hard fork, Litecoin is basically Bitcoin “lite,” as the name suggests. It has a higher maximum cap and a much lower price as a result. The biggest edge it has on its parent coin is the transaction confirmation time that is nearly four times faster.

LTC was specifically made with this goal in mind. It only takes 2.5 minutes for an LTC transaction to register. Bitcoin users have to wait up to 10 minutes. The transaction cost paid to the node that processes it is also much lower, measuring in fractions of US cent.

These factors, along with its low price that means there’s less hassle with the decimals for the user, contribute to Litecoin’s popularity in online casinos.

Bitcoin Cash (BCH)

Bitcoin Cash is a hard fork of Bitcoin that was created to increase the block size and make transaction times faster. Due to the small size of the node, Bitcoin is rather limited in how many transactions per second it can process. By the time of BCH creation, the time needed to complete a transaction was so big, parts of the community started thinking about an alternative.

Bitcoin Cash became that alternative, focused on ease of use, not on holding a lot of value like Bitcoin. This is why it costs much less, around $300 as opposed to Bitcoin’s price of $23,000 at the time of writing this article.

This does come at the expense of blocks requiring more processing power to mine, which is contrary to Bitcoin’s main idea, decentralization. Parts of the cryptocurrency community believe this makes BCH compromised as some nodes may be controlled by malicious actors.

Despite this, BCH remains a handy cryptocurrency that gamblers use for small payments in dozens of casinos. The name recognition helps, too.

Ethereum (ETH)

Ethereum is the second biggest crypto after Bitcoin. It also has quite an edge on BTC in terms of functionality and isn’t spoiled by scandals like Ripple is. This makes it a perfect choice for someone who wants a rather stable altcoin to make or receive payments, not an investment asset.

One of the things that makes it such an appealing option is the smart contract. This feature lets users conduct their deals safely. The script holds the funds until the conditions are met, acting as a guarantee of fairness. And an incorruptible one at that, given that it’s written in code.

This, and the fact that there are plenty of wallets that work with Ethereum, grants it the first place on this list.

Finishing thoughts

Tons of online casinos are now starting to accept cryptocurrency and not just Bitcoin. So what? What’s the benefit for someone who isn’t an avid gambler?

The benefit of this mass adoption is structural, not personal. Even though you don’t benefit directly, tens of thousands of people, and not tech-geeks at that, are adopting cryptocurrency en masse. This normalizes crypto’s place in the modern financial ecosystem and helps it grow as those gamblers will take their Bitcoins to online shops.

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InvestLite – A Light CFD Platform Capable of Doing a Lot of Heavylifting

Online CFD trading is a crowded market with so many brokerages targeting the same set of userbase. However, not all of them are prepared to cater to a diverse range of audiences with varying degrees of trading experience. InvestLite is one of the few online CFD brokerages that meets the expectations of both beginners as well as experienced traders alike.

The Belize based platform, InvestLite is owned and operated by Bayline Trading Ltd and regulated by the Belize International Financial Services Commission (IFSC). The easy to use platform offers one of the best trading experiences with its simplified process, a range of CFD instruments and advanced trading tools. It supports more than 350 CFD products, including forex, leading cryptocurrencies, indices, commodities, stocks and precious metals.

Trade Anywhere with InvestLite

The InvestLite trading platform is available across multiple devices through WebTrader for browsers, MetaTrader 4 desktop application for Windows and macOS powered machines, and mobile apps for Android and iOS devices. The use of MetaTrader 4 brings in a lot of familiarity to the trading community as it is one of the most widely used trading dashboards that supports a great deal of customization. Some of the features offered by the platform include one-click trading, access to more than 30 technical indicators, charting tools, real-time news feed and market updates, multiple execution modes, exhaustive educational and training resources and inbuilt platform support.

The first step to start trading requires the users to create an account on the platform. InvestLite offers three different account types – SILVER, GOLD and PLATINUM for traders of different levels of experience and strategies.

Account Silver Gold Platinum
Hedging Yes Yes Yes
FX Leverage 1:200 1:400 1:500
Fifth Decimal Yes Yes Yes
Dedicated Account Manager No Yes Yes
Swap Discount 0% 25% 50%
Free VPS No No Yes
Customized Investment News No No Yes
Webinars and Videos No Yes Yes
Islamic Account Yes Yes Yes
Full Dedicated Support Yes Yes Yes

 

InvestLite incorporates an easy account opening process where the user will have to enter their basic information including name, email address and phone number, and set a password for their account. Once the account is created and verified, users can deposit funds into it and start trading. InvestLite supports multiple payment methods like credit and debit cards, wire transfer, SafeCharge, WireCard, Skrill and more. The minimum deposit amount on the platform is set at $250.

A Customer-Friendly CFD Platform

InvestLite takes customer satisfaction seriously, which is why it has a highly capable, multilingual customer support team available round the clock. They can be contacted over multiple channels including phone call on +442080972824, email to support@investlite.com and live chat.

The platform also has an exhaustive collection of educational resources including articles, VOD, ebooks, courses and tutorials to help users understand the platform and trading strategies. The availability of a demo account means users can put their learnings to practice and also familiarize themselves with the platform before they could start trading with actual funds.

A Transparent and Secure Trading Platform

The InvestLite platform offers transparent trading conditions while implementing some of the best industry standards when it comes to cybersecurity. It employs SSL along with strict firewalls, with trading servers located in SAS 70 certified data centers while transactions and communication servers are secured with advanced encryption.

Definitely Worth Trying

InvestLite checks all the right boxes when it comes to meeting the requirements of the diverse trading needs of the community. Being a licensed platform, it offers an additional sense of security and reliability to its userbase. Altogether, InvestLite is an online CFD trading platform that is worth exploring.

open account

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Bitcoin May Face $2K Pull Back The Longer It Stays At $19K

Bitcoin managed to recover $1,300 during the weekend and retook $19K, but its inability to make a clean break at $19,500 may put it in a dangerous sell-off position again.

One significant downward pressure comes from another $1,000 CME Bitcoin futures gap formed at the recent closing price of $18,115. Together with the gap at $17K, this CME gap may become an exit point for traders, thus bringing the price down.

Independent analyst Vince Price also warns that Bitcoin is about to enter an “upper resistance cluster”. Bulls have made multiple attempts to push Bitcoin past its crucial resistance of $19,500 and failed. Such momentum, based on the theory of Vince Price, could exhaust at the $17,000 level.

Those who bought bitcoin at high prices may be suffering from anxiety and doubt for the past few days. While huge price swings are typical for the crypto market, holding a losing position certainly doesn’t feel good. If you don’t want to sell low, there are ways to earn profits even in a downtrend.

Hedge loss and earn profits with futures trading

BTC futures trading enables traders to long or short BTC, so traders can earn money as long as their predictions are right. While spot traders only earn profits when the price of bitcoin goes up. Furthermore, traders can borrow leverage from exchanges to increase their buying power, thus multiplying their profits.

Let’s see how we can benefit from the price drop of bitcoin:

Assume we use 1 BTC to open a short contract when bitcoin was trading at $1,1000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC.

One day later, the price of bitcoin dropped to $10,500.The profit will be ($11,000 – $10,500) * 100 BTC/$10,500 *100% = 4.76 BTC, making the ROI 476%.

Then the price of bitcoin got another hit and dropped to $10,000. The profit will be ($11,000 – $10,000) * 100 BTC/$10,000 *100% = 10 BTC, making the ROI 1000%.

Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.

  • Demo account with 10 BTC

Bexplus is one of the few exchanges that offer a free demo account, which puts you through its rules and trading widgets. Inside the demo account is 10 BTC for traders to practice and try out strategies as much as they like.

  • BTC Wallet: up to 30% Annualized Interest Without Any Risks

Bexplus users can gain profits not only from trading. Join the Bexplus wallet to earn up to 30% annualized interest without taking risks. With up to 30% annualized interest, it is no doubt one of the most profitable rates in the industry.

While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

  • Trade Freely on Android & iOS

The top-ranking Bexplus app integrates all the necessary functions and tools (real-time charts, a variety of indicators, news alerts and etc.) while keeping a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Furthermore, the 24/7 notification could keep you updated with big price movements, making it easier to secure your positions.

  • Deposit Activity to Earn 100% BTC Cashback

Deposit BTC in the Bexplus account and you can earn a 100% BTC bonus, which can also be used to trade futures contracts. Plus, more margins reduce the likelihood of forced liquidation. The more deposit, the more bonus you will get. Up to 10 BTC is available for each deposit.

A successful trader always diversifies his/her strategies and adapts to the market changes. Bexplus offers you infinite opportunities to earn profits. Don’t hesitate to join Bexplus and claim your bonuses!

 
Image by mohamed Hassan from Pixabay

 

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How Do Silver-Backed Stablecoins Work?

Silver, one of the most popular investments in human history, is evolving with the times. Cryptocurrency is making its way into the investment space, and thanks to something called stablecoins, you can use them to invest in silver, gold, fiat, and other physical commodities.

This forward-thinking technology makes traditional investments more accessible to new and experienced investors alike. But many might wonder just how they work. In this post, we’re going to tell you.

What is a Silver-Backed Stablecoin?

A silver-backed stablecoin is exactly as it sounds – a cryptocurrency tied to the value of silver. The value of most cryptocurrencies are tied to the power it costs to validate transactions. Bitcoin, for example, is backed by the electricity that computers use to mine it.

Stablecoins are much simpler. As mentioned, they’re tied to physical currencies. A silver-backed stablecoin is directly tied to the value of silver at a 1:1 ratio. If you buy one, like SilverCoin, you’re essentially buying ownership of silver.

Only, instead of purchasing the bullion or coins sent to your house, you’re investing in an easier way to manage the asset. There are no additional shipping or storage fees, as you’re managing the silver digitally. That and a silver-backed coin often allows for purchasing fractionalized amounts of 1/100th of an ounce. This way, people who can’t afford a whole bar of silver can still invest.

In fact, as is the case with many cryptocurrencies, some silver-backed stablecoins allow you to buy anonymously. For privacy’s sake, this is a massive plus. Plus, there’s none of the paperwork to sign that comes with traditional silver purchases.

Note that by increasing the accessibility of silver, the price is likely to go up as a result. We already know silver is here to stay, at least for the foreseeable future. Like gold, silver has too much of a history to just disappear. Knowing this and making it easier to invest is great for the asset’s long-term development.

What to Know Before Buying Silver-Backed Stablecoins

Know that you know how silver-backed stablecoins work, it’s important to consider a few things before buying them. For one, do some research into an exchange before you buy. Ensure the platform provides a way to check the stored silver – be it via a video feed or third-party audits.

Know that the exchange is legitimate and not selling a fake asset to scam you. Opt into all extra security features like two-factor authentication for account privacy. Finally, check which blockchain these assets are built on. Most are ERC-20 tokens on the Ethereum blockchain network, which makes them fairly reliable. Ethereum employs smart contracts, essentially automated if-then statements. These make it so that your silver-backed stablecoin is automatically and securely placed into your possession without an intermediary like a bank.

Silver-Backed Stablecoins vs. Other Cryptocurrencies

As mentioned, a stablecoin is backed by a physical asset. Its value is designed to be stable, combating the volatile nature of Bitcoin and other cryptocurrencies. The idea is to make crypto investments a little more accessible, serving as a risk-free version of blockchain-based assets.

However, there are some inherent downsides to this. For one, if the value is tied to a physical asset, that cryptocurrency doesn’t change much in terms of profit. Some hear the term cryptocurrency and think they can profit big in the short-term. That’s not the case with stablecoins. While they’re inherently less risky, that also means they’re much less likely to drastically change price.

If anything, silver goes against the traditional market. Its price rises as the stock market falls. This means a silver-backed stablecoin will do the same thing. There might be some correlation to other cryptocurrencies, considering they’re generally seen as safe-haven assets like precious metals. Just be aware of these factors before making an investment.

 
Image by tookapic from Pixabay

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MXC Exchange Supports Ethereum Classic’s new MESS Solution to Mitigate 51% Attacks

Singapore, Oct. 14,2020 — MXC (www.mxc.com), a leading and reputable cryptocurrency provider of spot, margin, contract, leveraged ETF, index products, contract, PoS staking, and OTC services, offers its support to the Ethereum Classic (ETC) project. Following multiple 51% attacks against the ETC network, MXC Exchange will cooperate with their team and implement the proposed upgrades to ensure a smooth operation of the network.

Ethereum Classic and 51% Attacks

Three 51% attacks were launched against the Ethereum Classic blockchain in July and August of 2020. . These 51% attacks are problematic, as they allow for potential double-spend transactions.

This attack, however, ensured that network nodes – running either Parity or OpenEthereum – were incapable of processing the reorganization as a result, these nodes become desynchronized from the ETC network, forcing the developers to come up with a solution. That solution will be fully supported by MXC Exchange, as the team wants to help ensure no further attacks against Ethereum Classic can be organized.

The Ethereum Classic team including ETC Labs, its ETC Core development team with support from OpenRelay and ChainSafe, on block 11380000, have implemented  ECIP-1100. Also known as “MESS”  (Modified Exponential Subjective Scoring), an innovative and low-risk approach to prevent 51% attacks and improving security for PoW blockchains.

MESS would prevent 51% attacks by treating large block reorgs as suspect and making them prohibitively expensive, removing all profit motive. It would force large reorgs used to launch attacks to have significantly greater difficulty and common ancestor time. For example with MESS implemented, the recent attacks in August would have needed more than 155T/H sustained over many hours in order to be successful, costing approximately $20M. The best way to secure the network  is to ensure the cost of a blockchain reorganization makes it economically unfeasible to orchestrate. After all, every 51% attack is performed out of financial incentive. Once that incentive is no longer attainable, the network can continue in peace. 

All of these precautions are necessary to ensure the network remains safe from harm. More details on the exact implementation of MESS can be found here.

As a side effect of these changes, users running an Ethereum Classic node will need to switch their software to CoreGeth. This will be the only client to support MESS. Neither Parity nor OpenEthereum have indicated support for this new proposal, but that situation may come to change in the future. 

With the help of MXC Exchange, who will upgrade its own ETC node to CoreGeth, an important first step has been taken. MXC Exchange has been at the forefront of the cryptocurrency industry and its reputable projects. 

MXC Exchange Head of Global Operations Alex states:

“We are committed to support the Ethereum Classic project and its community. As a long-standing ETC node operator, upgrading to CoreGeth is our way of expressing the importance of MESS and bringing more security to the Ethereum Classic network. We will continue to operate our node on the network and ensure operations can resume as normal.”

In doing so, MXC Exchange is the first major exchange to provide outspoken support for this crucial change affecting the Ethereum Classic ecosystem. Being at the forefront of innovation and going the extra mile for their community, MXC Exchange further solidifies its position in the overarching cryptocurrency industry. 

“MESS will enable exchanges to safely reduce confirmation times and ensure that miners will not lose block rewards; stabilizing the network and allowing it to return to growth,” said James Wo Founder and Chairman of ETC Labs.

About MXC Exchange

Established in April 2018, MXC Exchange is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.

Image(s): Shutterstock.com

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Here are trading strategies you can use to win during economic uncertainties

The current pandemic we are facing right now has resulted in economic uncertainties throughout the globe, pushing different companies to close down and leaving a number of our population unemployed. Because of this, experts warn us to buckle up for what’s coming ahead: the deepest recession on record that rivals the Great Depression.

In the U.S. alone, more than 38 million Americans have filed for unemployment claims nationwide because of the coronavirus blow. The number climbed within nine weeks since the pandemic started and is expected to further increase in the coming weeks. Internationally, the current crisis will affect almost 200 million full-time workers in the forthcoming months.

The unexpected crisis has left most of the population with no other choice but to find alternative income streams to cover their unemployment. Online jobs have been the talk of the town but some people have explored the trading markets to help weather the current situation. While there are risks involved with the latter move, employing several strategies can help win this economic climate even with limited knowledge in investments. 

Digital assets trading

Investing in digital assets can be lucrative. One thing that this investment instrument boasts is that its value is not as heavily influenced by the global economy. Even with the current recession, digital assets have had different price correlations to traditional stock markets. Compared to traditional assets, digital assets, or cryptocurrencies, offer greater global exposure to traders because they are available 24/7, and not only limited to specific trading hours.

“While cryptocurrencies are not likely to replace traditional fiat currency, they could change the way Internet-connected global markets interact with each other, clearing away barriers surrounding normative national currencies and exchange rates. Cryptocurrencies may revolutionize digital trade markets by creating a free-flowing trading system without fees,” says in an analysis of Cryptocurrency by Peter Devires published in the University of Houston- Downtown.

Digital assets trading can offer low trading fees compared to traditional ones. It also provides liquidity and global access to traders, which can be extremely helpful in dire economic times. When trading any asset including digital assets, having proper trading strategies are crucial to the growth of an investment. 

Long-term trading strategy: Buy-and-Hold

Buy-and-hold is a common tactic to keep an asset until it generates value in the long term. As a novice investor, the most common strategy in place is buying a digital asset and holding it for as long as you can, waiting for its value to appreciate. There’s no need to be watchful for frequent events that can affect the asset’s price on a daily basis. Rather, all you have to do is keep your digital asset in your digital wallet and be patient enough to potentially see the value grow.

A study published in the Journal of Economic Psychology stated “investors who take larger risks would expect higher returns. As such, investors with a higher level of risk tolerance are expected to hold assets with a significantly higher level of risk in order to obtain a higher return in the long run.”

This explains why holding can be a lucrative trading strategy yet can also be a risky move—one critical factor when holding is choosing the right asset to invest in. There are possibilities that the one you have chosen would not increase its value, thus, losing the initial capital put into the investment. It isn’t also a practical strategy when expecting quick turnovers.

“Holding onto your asset can be a great way to start a trading journey. Choosing a digital asset with a strong track record with reasonable liquidity is a common strategy to begin a long term investment,“ said Andre Gerald, Chief Executive Officer of Prance Gold Holdings, an automated arbitrage trading platform.

Short-term trading strategy: algorithmic trading

If you are seeking faster returns on your trades, you can take advantage of algorithmic trading. Unlike the buy-and-hold method that relies on the long term appreciation of an asset value, algorithmic trading in one instance relies on price differentials of the same digital asset on different exchanges. It is a trading strategy that is best performed by an automated platform since speed is a critical factor to the success rate.

“With algorithmic trading, any investor can start trading without facing too much risk, such as the delay in initiating a quick trade. Many advanced algorithmic trading uses an artificial intelligence bot that automatically executes the best trading opportunity for you without manual intervention,” Gerald added.

“The use of algorithms to place orders for trade execution on electronic exchanges is considered beneficial to investors to achieve best trade execution,” a paper by Aggarwal and Thomas published in Indira Gandhi Institute of Development Research stated.

Algorithmic trading relies on the power of automation to identify and execute profitable trade opportunities much faster than a human could. New traders would not need to do any tedious heavy lifting and instead, use the advantages of trading bots to save time and effort.  

The takeaway

The result of unemployment globally has made the population creative in finding alternative income streams. Investments as an alternative income can be viable as long as the proper strategy is used. It is also necessary to understand if long-term or short-term trading should be used to make the best during today’s economic climate.

Image(s): Shutterstock.com

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CasperLabs Partners with BitMax.io to Conduct Innovative Exchange Validator Offering (“EVO”)

CasperLabs, a next-generation, secure and scalable Proof-of-Stake blockchain, is collaborating with BitMax.io, a Singapore registered digital asset trading platform, to conduct its private validator token sale in the form of an Exchange Validator Offering (“EVO”).

Private Validator Token Sale Opportunity

CasperLabs will conduct its validator token sale in collaboration with BitMax.io. The purpose of this Exchange Validator Offering (“EVO”) is to promote greater network decentralization by providing fair access to retail participants at the project’s earliest stage investment opportunity.

$3MM worth of CLX tokens, the native cryptographic token of the CasperLabs blockchain, will be available for sale in the EVO which will be divided into three rounds, with bonus tokens available in the first and second rounds. Registration to participate in the CasperLabs EVO will go live on BitMax.io at 10:00 a.m. EDT, March 26 and remain open until April 6. 

The price at which EVO participants can purchase CLX tokens is $0.01. This represents a significant discount to the price at which CLX tokens will be distributed via an eventual public sale, where tokens will be auctioned at a minimum bid price of $0.02 per CLX.

CLX Distribution: 

Distribution Round CLX Price Bonus Tokens Minimum Discount to Public Sale Price (including Bonus Tokens) Circulating Supply Valuation (est. 20% of tokens in circulation in year 1) Fully Diluted Valuation
EVO

(1st Round)

$0.01 10% 55% $20M $100M
EVO

(2nd Round)

$0.01 5% 52% $20M $100M
EVO

(3rd Round)

$0.01 0% 50% $20M $100M
Public Sale* $0.02 0% 0% $40M $200M

*Note: Public Sale distribution will be conducted via an auction with a minimum reserve price of $0.02. 

All EVO participants will be part of the founding stake on the Genesis Block of the CasperLabs network and an integral part of the network launch and initial security.

Rationale for Underlying Sale Structure

CasperLabs has made no token offerings to date and all funding has been conducted via a standard Series A equity financing. The decision not to sell tokens was based on ensuring open access to the underlying system.

Since first introduced, Proof-of-Stake (“PoS”) blockchain networks have historically seen staking dominated by institutions and large token holders (“Whales”). Whales are often early stage investors of a given PoS project with large allocations of tokens vested at mainnet launch. Such concentration of staking power and “Monopolization of Consensus” is troubling because it consolidates control of the blockchain network to a small handful of validators. This can harm the project in various ways, including concentration of voting power, single points of failure for malicious network attacks, and network instability. This runs counter to the proposed aspirations of many PoS to be truly permissionless, decentralized, and secure.

CasperLabs, together with BitMax.io, is taking a novel approach to challenge the status quo of staking power consolidation amongst institutions by conducting the industry’s first EVO. 

BitMax.io will operate a full-node at CasperLab’s mainnet launch to facilitate staking support for CLX on behalf of platform users at the “Genesis Block,” thus eliminating the need for retail EVO participants to operate as validators on the network. 

While CasperLabs had significant interest from institutional investors to participate in the validator sale, the team insisted on providing open and widespread access to the underlying system at the same terms. Partnership with a top-tier platform like BitMax.io will be fundamental in facilitating that open access to a global user base.

Valuation: Given a total token supply of 10 Billion, the EVO price of $0.01 will value the CasperLabs network at $100MM on a fully diluted basis. 

Validator Token Rewards

Three types of token rewards will be associated with the EVO: (1) early participation rewards, (2) staking rewards, and (3) transaction fee rewards.

Early Participation Rewards: 

CLX tokens purchased in the EVO will increase by 15% per annum pro-rata (“APR”) of the quantity of tokens. Early participation rewards will begin accumulating from the date the CLX tokens are received by the EVO participant until the CasperLabs’ MainNet Launch, which is anticipated to be in Q3’ 2020. For example, assuming a purchase quantity of 10,000 CLX received on April 1, 2020, with a Mainnet Launch date of August 1, 2020, the EVO participant would see their token holdings increase by 500 CLX (+5%). 

Staking Rewards: 

The CasperLabs protocol will target a 15% gross yield for the first year post-launch, reducing to 6-7% once CLX distributions are completed over the coming years. The Seigniorage rate to arrive at this will be calculated using the formula: Gross yield (Seigniorage Rate/Percent Staked)/Supply and will be in the low single digits. This means that CLX tokens staked on the CasperLabs network will generate passive yield for token holders in exchange for participation in various consensus mechanisms. 

Transaction Fee Rewards:

CasperLabs validators will receive token rewards based on transaction fees collected on the network. 

All three types of Validator Token Rewards will be paid out at the end of an era into a separate rewards wallet address that needs to be provided prior to Genesis. Rewards are tied to the finalization of proposed blocks according to two different (“short-run” and “long-run”) criteria and overall liveness conditions on the platform.

About CasperLabs

CasperLabs is building a fully decentralized, scalable, permissionless and highly secure blockchain. It is powered by Highway, an innovative, correct-by-construction (“CBC”) Casper-based proof-of-stake consensus protocol. By leveraging popular workflows, tools and languages, CasperLabs is making blockchain services easier to use, more upgradable and more predictable, thus removing barriers to mainstream adoption.

Website: https://casperlabs.io/

Technical Specification: https://techspec.casperlabs.io/ 

Consensus Proofs: https://github.com/CasperLabs/highway/releases/download/v1.0/highway.pdf

Explorer: https://explorer.casperlabs.io/#/

Github: https://github.com/CasperLabs

Medium: https://medium.com/casperlabs

YouTube: https://www.youtube.com/c/CasperLabs

About BitMax.io

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust product design ranging from innovative volatility products to margin trading and other investment solutions.

Strategic Collaboration

CasperLabs, together with BitMax.io, is taking a novel approach to challenge the status quo of staking power consolidation by conducting an Exchange Validator Offering, or “EVO.” BitMax.io will provide technology and execution support while CasperLabs will be the legal issuer allowing BitMax.io users to sign a non-transferable Validator Future Token Agreement (“VFTA”) to purchase CLX tokens. The collaboration between CasperLabs and BitMax.io will provide hundreds of thousands of small token purchasers with fair access to the project’s EVO at the earliest possible opportunity and the most favorable token prices. 

For more information, follow BitMax.io on:

Website: http://www.BitMax.io

Twitter: https://twitter.com/BitMax_Official

Reddit: https://www.reddit.com/r/BitMax/

Telegram: https://t.me/BitMaxioEnglishOfficial

Medium: https://medium.com/bitmax-io

Contact: support@bitmax.io

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Zorgo.Games is a new PvP cryptogambling platform

Zorgo.Games is a new PvP cryptogambling platform. The site presents 4 original self-developed games: Blackjack, Coin Flip, Gems and Jackpot.

Zorgo.Games claims that their Blackjack is arguably the only available on the Internet PvP (“player versus player”) Blackjack. For those, who love this legendary game, the platform is the perfect place where they can enjoy their favorite entertainment with the real people of their kind but not with the Random Number Generator (RNG).

The rest 3 games are also PvP. Due to the “player versus player” system normal provably fair software could not be used, therefore Zorgo.Games has contracted the services of Random.org. A new ticket is generated by Random.org for every card to ensure that players enjoy a fun yet safe gaming experience. The security provisions at Zorgo.Games are at high level with the privacy and security of the users and visitors being of paramount importance. KYC is required when signing up however this ensures an added level of security within the platform.

Zorgo.Games maintains technical, physical, and administrative security measures to provide reasonable protection of all player’s personal data.

The accepted currency at Zorgo.Games is Ethereum. Minimal deposit amount is 0.005 mETH. Minimal amount to withdraw is 2 mETH. One can make maximum 10 cash outs per day.

Zorgo. Games has provided an extensive FAQ that covers each game individually along with all other aspects in which players may require assistance. Should a player’s query not be covered in the FAQ, a live chat option is available 24/7. Detailed information regarding the security and provability of each of the games is also available on the platform under the provably fair tab. Their support team is always there to assist with any issues.

Zorgo.Games functions strictly under the regulations of the Curacao License.

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How To Bet Using Bitcoin

Crypto betting is one of the most popular activities that have surged along with the creation of bitcoin. The benefits that only cryptocurrencies can bring to the table are much appreciated by online gamblers who have found solutions to many of their most recurrent issues by using cryptos as a means of payment when placing a bet. 

One of the things most people are skeptical about is betting online. Many do wonder about the security of those sites and if placing bets is somehow rigged. Luckily for many, some authorities are in charge of regulating this entire industry and provide licenses to those who comply with a strict set of rules that will ultimately guarantee the security of the online platform. 

What’s Bitcoin Good For When Betting

First of all, bitcoin offers users a valuable asset that can be sent in almost real-time. With this in mind, users in an online bitcoin casino can instantly place a bet once the BTC has been transferred to the casino, enabling a quick response time for customers that wish to bet on the most popular live events. Cryptocurrencies also can be withdrawn immediately, eliminating waiting times associated with traditional currencies and associated fees for handling them. 

One key aspect users seem to enjoy is the anonymity that online bitcoin casinos offer. This way, users can gamble online without showing their identity to the world, giving them more freedom to execute any bet or play any casino game for as long as they want.  

Some online casinos even offer the possibility of betting with an incredibly low amount, like LatinBet24, where users can place a sports bet with as little as 10 Satoshi (approximately 0.001 USD). 

How To Start Betting Using BTC

To begin betting using bitcoin, you first need to find a trustworthy site. LatinBet24 offers excellent odds, sports betting, and over 1,000 casino games for you to enjoy. The sports betting option enables users to participate in more than 25 different sports, included but not limited to American football, basketball, boxing, darts, golf, ice hockey, tennis, Waterpolo, and even E-sports. Enjoy traditional sports betting or jump in and bet play-by-play on a vast range of events. You can also keep track of your favorite games on your mobile or tablet and watch live streaming and match trackers on live events. 

The online casino experience offers a wide variety of games, included but not limited to slots, jackpot, baccarat, blackjack, roulette, and others. Enjoy hundreds of games where if you win, you could fill your pockets with bitcoins. Take on the opportunity of winning more than 126,000 bitcoin in the progressive jackpot that’s currently running on the site and change your life for the better. LatinBet24 also offers a live casino experience, where you can play traditional games run by a real-live person. Experience the excitement of a real casino from the comfort of your home, watch as the dealer sets the game in real-time, and enjoy the game.

Remember that for you to begin betting using BTC, you need to purchase bitcoins from an exchange in advance. After having acquired BTC, you can create an account at LatinBet24, make a bitcoin deposit, place your bets, and the rest is up to how lucky you are. Plus, once you win, you can instantly withdraw your earnings. 

If you wish to know more about LatinBet24, please visit their website

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A New Ethereum Wallet – And Capability for Tomorrow’s ETH Hodler

The new EBO Ethereum Crypto Wallet represents an open finance solution that brings self-serving Ethereum token holders a one-stop shop for many of their crypto transaction processes.

Starting this month, mobile app users will be able to enter and exit crypto positions quickly and effectively, with a winning user experience interface pioneered by a firm with an established track record in blockchain resource design. EBO’s new Apple App Store offering is meant to be in the words of company leaders, “open, accessible, and reliable” and a way to accommodate more robust peer-to-peer transaction potential.

EBO Ethereum Crypto Wallet: The Origin Story

The driving motivation for creating the EBO Ethereum Crypto Wallet app is based on the existing Etherblockchain.io community website, which works as a clearinghouse for various kinds of Ethereum token market data, and other community resources that promote mass adoption of Ethereum-based assets. This specific trader community can gain a lot from consolidating relevant knowledge, keeping track of the newest changes in the crypto world, and better understanding the work of national governments and other stakeholders in evolving aspects of fintech.

At the Etherblockchain, you’ll find not only narratives around the many uses of the Ethereum smart contracts, but also information on takes by Ethereum  co-founder Vitalik Buterin and others. Exchange functionality allows users to get involved with ETH transactions and setups as well as other forays into cryptocurrency territory.

Why ETH Blockchains?

The premise of tools like the EBO ETH wallet is that traders are getting interested in Ethereum-based tokens and blockchain assets as a popular option in today’s new decentralized finance world. In any sort of fintech project of this nature, there’s a need to choose a platform, and ETH represents one of the front-runners, along with Bitcoin and Ripple (XRP).

One of the best ways to explain this is to contrast how Ethereum works with the larger and more prominent Bitcoin blockchain community, and to look at how both of these digital assets move in the financial markets.

Bitcoin is the household name in cryptocurrency. Its ability to represent consensus-based decentralized transactions has led many previously unfamiliar users into the world of cryptocurrency

However, Bitcoin has its own market realities including a high per-coin price that’s hovering right now around $9300 per coin, and corresponding volatility. As BTC reached $20,000, traders were giddy – but now that it’s under $10,000, the problematic nature of that volatility is evident.

By contrast, Ethereum’s digital asset value, which remains under $200 per coin, corresponds to a more obscure coin history (albeit one that experiences less volatility at points) and a method and network that’s less familiar to many traders than Bitcoin is. For example, we see Bitcoin ATMs on the street, but not so many Ethereum machines.

One of the central benefits of using ETH-based systems is the proprietary smart contract designs built into Ethereum transactions. In many senses, these are similar to established decentralized and consensus based Bitcoin blockchain transaction methods, but there are some differences as well. The smart contracts include features that allow for the establishment of those trust-based verifications that will allow blockchain tool users to bypass the kinds of conventional verification inherent in methods like Paypal, Stripe or others, or traditional banking systems.

New Wallet Functionality

The EBO Ethereum Crypto Wallet will give Ethereum traders responsive design. With single click positioning, this new mobile application builds on in the track record of other parts of the EPO ecosystem like the chrome browser resource that integrates Ethereum work into the context of a commonly familiar Internet browser, and all of the resources and tools already available at the website.

Think of the EBO Ethereum Crypto Wallet as a new self-service option for those navigating an exchange to handle their digital holdings. The powerful new self-service models brought by the EBO Ethereum Crypto Wallet and similar tools will enable tomorrow’s traders to do even more with automatic trust systems and the transparent nature of blockchain transactions, without going through traditional banking middlemen, or racking up fees, or dealing with some sorts of financial bottlenecks. All of this, with no custody of user funds, means taking advantage of a full-stack toolset for getting into crypto and trading actively with simplicity and total control.

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Bitcoin Retail Shopping App By Bitplaza Inc

As we are entering a period of accumulation and mass adoption, the use cases of crypto still remain unclear for everyday individuals that debate the value and impact it will have in society. While businesses and institutional investors are starting to implement blockchain into their business practices, crypto enthusiasts are still trying to find ways in which Bitcoin can affect the average person throughout their daily lives. Bitplaza has provided an exceptional use case for enthusiasts and common individuals alike, acting as an application where people can purchase common goods with cryptocurrency. Available on both the Google Play Store and Apple Store, Bitplaza is a transparent and intuitive marketplace that lists popular items by category and the corresponding price in Bitcoin. By providing a large range of categories and products, Bitplaza is implementing next generation shopping with a clean interface, engaging customer support and rapid shipping.

As many bitcoin enthusiasts look for use cases for the cryptocurrency, they are faced with the unfortunate reality that many vendors are hesitant to accept it due to its volatility. However, with mainstream adoption continuing to rise, projects such as Bakkt and Bitplaza are at the forefront of bitcoin utility and are acting as phenomenal players in the cryptocurrency community as it advances towards mass adoption.

The Bitplaza app is an exciting development as it provides a great introduction for individuals new to the cryptocurrency space as well as a place where enthusiasts can spend their leftover Bitcoin. In addition, users don’t have to stress about overpaying for a specific item in bitcoin compared to fiat because the app automatically updates the bitcoin price to match the fiat value in real time. The application provides detail on package tracking, shipping information and customer service, providing a responsive atmosphere where users can have confidence in the orders they place as well as the security of the app. In the United States shipping is free and takes 2-4 days, but will vary from around 0.0023 to 0.005 BTC in other countries.  

The customer support section provides a telephone number on which you can speak with a live representative about any concerns or questions. With a generous timeframe in which you can representatives are available, Bitplaza has taken into careful consideration how to ensure customers feel comfortable and informed before conducting any transactions on the platform. In addition, they offer users to fill out a form with a message containing their questions, in which customer support representatives can contact them with details about a specific issue.

Seeing an application take exceptional care of its user base brings legitimacy, volume and attention to the cryptocurrency space. In the future, if we are to see major retailers accept bitcoin and other forms of cryptocurrency to conduct transactions, it starts with applications like Bitplaza. The user experience has been nothing less than enjoyable, and while many have questioned the value of bitcoin in the past, this provides an undeniable use case that is seamless, trustworthy and secure. It is nothing less than extraordinary when we start to see applications thriving after the implementation of cryptocurrency into their business model. 

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