How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market

Binance, the world’s largest crypto exchange by daily trading volume, is set to launch a beta version of its decentralized exchange (DEX) by early 2019. Changpeng Zhao, the CEO of Binance better known to the community as CZ, said on Saturday: “Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be

The post How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market appeared first on CCN


Source: CCN.com
Original Post: How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market

Bitcoin Ransomware Strikes Port of San Diego

Bitcoin Ransomware Strikes Port of San Diego

A cybersecurity breach at the Port of San Diego on September 25 described as “serious cybersecurity incident” by Port CEO Randa Conglio was, in fact, a ransomware attack by cybercriminals demanding bitcoin. This was revealed in a report on September 28, 2018, in the Times of San Diego quoting Conglio. Effect of Ransomware Attack Speaking to the media, Conglio confirmed...The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
Source: BTCManager.com
Original Post: Bitcoin Ransomware Strikes Port of San Diego

Amateur Cryptojackers and Apple Macs Emerge as Two Mining Malware Trends for 2018

The National Security Agency and amateur cryptojackers are both behind this year’s growth in mining malware


Source: Cointelegraph.com
Original Post: Amateur Cryptojackers and Apple Macs Emerge as Two Mining Malware Trends for 2018

Block.one CEO Speaks On EOS (EOS), Bitmain IPO, Crypto Market

Block.One Drops $1B On EOS VC

Brendan Blumer, the founder and chief executive officer of Block, the startup behind the world-recognized, multi-billion dollar EOS.io blockchain project, recently sat down with Bloomberg to discuss a variety of facets in the current crypto industry.

Opening the interview, which stretched out to five minutes, the Bloomberg host questioned Blumer about Block.one’s plans for the $4 billion it raised in the now-infamous months-long initial coin offering (ICO). Seeming prepared to answer such a question, the startup executive first explained that a majority of crypto assets in the past were issued through PoW and the use of large amounts of electricity, so seeing that EOS token generation is done differently, Blumer said that the “thesis” is to divert the funds raised back to the development of the ecosystem.

Using an example, the CEO pointed out that Block.one, along with partners, had just announced a $1 billion investment into EOS venture capital, which will see funds go into the hands of developers and the community to bolster the EOS.io ecosystem. Blumer elaborated, stating:

So we’ve shared the first billion dollars of capital with the EOS VC… The primary bulk of [the funds] are really designed to be used as an investment into developers building on the EOS.io application itself. The first commitment of a billion is what we made public, however, we haven’t limited our involvement to that first capital injection because there is no need to overfund those projects in their early years.

The industry leader also touched on Block.one’s investors, confirming that Paypal co-founder Peter Thiel and Bitmain CEO Jihan Wu have invested into the Cayman Islands-based startup through a strategic investment round. Alluding to why Block.one would take on these notable investors, Blumer noted that the EOS platform will disrupt centralized authorities and entities, which will evidently become a big theme in humanity’s near future.

As revealed by CoinDesk,  four of the startup’s earliest employees recently left Block.one to start StrongBlock, a new blockchain project, which details have been kept under lock and key. The host of the interview went on to question Blumer on what he thought about this shift.

Assuring viewers that EOS.io will still operate as planned, Blumer revealed that no members of Block.one’s core team had left and that the firm will still be able to accomplish its plans in full.

Moreover, it was noted that the startup had actually encouraged employees to continue their involvement in the cryptosphere, surprisingly enough. The Block.one founder added — “We see this as a strong positive sign because although they are no longer with the organization, they’re continuing to foster the ecosystem.”

Looking Forward: Bitmain IPO And Crypto Market

As you are likely aware of, just last week, Bitmain revealed its controversial, yet needed IPO prospectus, which moves the China-based firm one step closer to being able to go public on the Hong Kong Stock Exchange. The Bloomberg host went on to question Blumer about his thoughts on Bitmain, which is one of Block.one’s leading partners, and its planned IPO.

The EOS proponent pointed out that Bitmain’s plan to go live in Hong Kong goes to show that the crypto scene is gaining “gravity” there, which has only been aided by the free capital market — which is in line with blockchain values — in the Chinese special administrative region.

Closing off his time on Bloomberg, Blumer drew attention to the bearish state of the market, outlining what he expects will catalyze the next bull run. Taking a longer-term outlook on this nascent industry, he stated:

I think that what you saw last year was a lot of interest in a very short period of time. And that happens with any type of new technology that has such revolutionary promise, so I think its just a matter of going back to the drawing board or continuing to push for innovation as people see how the change is starting to get implemented… Everything will fall in line accordingly [soon enough].

 

The post Block.one CEO Speaks On EOS (EOS), Bitmain IPO, Crypto Market appeared first on Ethereum World News.


Source: Ethereum Worldnews
Original Post: Block.one CEO Speaks On EOS (EOS), Bitmain IPO, Crypto Market

Ripple to Take Lead in New Coalition Lobbying for Pro-Crypto Government Oversight – Advocates to be Paid in Crypto

A new coalition of tech start-ups is launching a lobbying campaign to try and convince lawmakers to regulate in a pro-crypto manner, and wants to pay these advocates cryptocurrency for doing it.

A group of tech firms from Silicon Valley have banded together to form a business coalition with the purpose of lobbying for a favourable stance on crypto, as institutions like the Securities and Exchange Commission are in the process of deciding how to pursue legislation on cryptocurrency and blockchain technology. The group, which most notably includes the third-biggest cryptocurrency Ripple, as well as a number of other start-ups have styled themselves “The Securing America’s Internet of Value Coalition” and have been engaging with the Klein/Johnson group, a bipartisan lobby group, in order to achieve their objectives.

And what are these exactly? Generally convincing regulators that this is an industry which needs government support and regulation which will encourage growth and innovation rather than restrict it. It will aim to foster the idea that global crypto networks are a valuable and potentially lucrative ecosystem rather than a dangerous digital wild west.

Chris Larsen, executive chairman of Ripple gave his thoughts on the subject to Bloomberg:

“We understand this is really complicated, and there is a lot of misinformation out there. The good news is there is a lot of interest in this topic in D.C.”

The Coalition will work in partnership with Klein/Johnson to promote to Congress, the SEC and the Inland Revenue Service (IRS), the benefits and potential of the crypto industry.

As has been evident through saga regarding the bitcoin ETF, as well as hesitancy over deciding the status of bitcoin and Ethereum (eventually classed as “not securities.”), there are many concerns about crypto from America’s regulatory bodies over investor protection and market volatility.

However, if all goes to plan, these concerns will be laid to rest by the efforts of the Coalition. Incidentally, the preliminary agreement between the Klein/Johnson Group and the Coalition stipulates reimbursement for the lobby firm will be in the form of a $25,000 per-month stipend as well as 10,000 XRP. This crypto bonus is included because Larsen reportedly feels better when advocates have some skin in the game.

“It gives them some upside and gives them some risk. Hopefully it gives them a taste of the industry in a way that hits home.”

The other start-ups which make up the Coalition include Coil, Hard Yaka and Polysign, which focus on digital payments, crypto investments and custody respectively.

Whilst the thought of an imminent decision on the regulation of crypto may have those in the industry waiting on tenterhooks, regulatory clarity will doubtless be a welcome move in any event. Crypto’s lack of clarity before the law limits its potential to grow; the bulk of investors want to be sure the product they are putting their money into won’t turn out to be in violation of the law a couple of months down the line. Ripple itself received a fine of $450,000 back in 2015 for disputed miss-selling of its token without registering with the US Financial Crimes Enforcement Network, a significant blow to a young company – the status of its product and whether or not it was a security, was at the centre of this row. However, if Ripple and co are able to successfully convince D.C’s lawmakers over the coming weeks and months, crypto may become a radically clearer space to do business in.

Image Source: “Flickr”

The post Ripple to Take Lead in New Coalition Lobbying for Pro-Crypto Government Oversight – Advocates to be Paid in Crypto appeared first on Toshi Times.


Source: Toshi Times
Original Post: Ripple to Take Lead in New Coalition Lobbying for Pro-Crypto Government Oversight – Advocates to be Paid in Crypto

Monero Launches Initiative to Combat Cryptocurrency Mining Malware

Earlier this week, the Monero (XMR) community announced the launch of a new website that aims to educate users on cleaning up crypto-jacking malware and ransomware. Easing Malware Victims’ Confusion and Frustration The ease of mining and privacy of Monero are standout features for the coin. However, the features attract bad actors who use the coin

The post Monero Launches Initiative to Combat Cryptocurrency Mining Malware appeared first on CCN


Source: CCN.com
Original Post: Monero Launches Initiative to Combat Cryptocurrency Mining Malware

China’s Oldest Science and Tech Publication Accepts BTC for Subscriptions

China's Oldest Science and Tech Publication Accepts BTC for Subscriptions

On Sunday China’s oldest tech media publication, Beijing Sci-Tech Report (BSTR) also known as ‘Technology life,’ has announced the business is accepting bitcoin core (BTC) for the magazine’s 2019 subscriptions.

Also read: Launching a Website on the Bitcoin Cash Network Is Now a Reality 

The Publication Beijing Sci-Tech Report Now Accepts BTC for 2019 Subscriptions  

The Beijing Sci-Tech Report (BSTR) is one of the oldest science and technology publications in China. The media organization prints editorials stemming from its ‘Technology Life‘ team of authors, and it also publishes approved content from the well known US science journal Popular Science. This weekend the magazine has announced that it will be accepting BTC for subscriptions towards its 2019 publications. The cost to subscribe to BSTR will be 0.01 BTC (about 450 yuan or $65 USD).

China's Oldest Science and Tech Publication Accepts BTC for Subscriptions
@Cnledger reveals the news on Twitter. 

The Beijing based publication has written reports on cryptocurrencies in the past and the use cases of blockchain technology. According to the press release, the announcement to accept BTC was brought about by the magazine’s desire to promote blockchain technology in a real-world setting for “practical actions.”

“For a long time, blockchain technology has also been the object of in-depth tracking reports offered by Beijing Science and Technology Report and Technology Life,” the magazine’s press release details.

China's Oldest Science and Tech Publication Accepts BTC for Subscriptions
The Beijing Sci-Tech Report (BSTR)

Embracing the Payment Technology in Order to Cultivate New Readers

One interesting fact about BSTR accepting bitcoin, the firm says, is that if the price of BTC grows significantly by 2020, they will also offer some refunds to those who have subscribed using the digital currency. A translated BSTR statement explains the publication hopes to “cultivate new readers” by embracing the payment technology.

Beijing Sci-Tech Report is not the only publication that has tried to entice readers by accepting cryptocurrencies. Back in 2014 Time Incorporated announced accepting BTC through Coinbase for subscriptions to Fortune, Good Health, Travel and Leisure, and This Old House. In April of the same year, the Chicago Sun-Times also revealed it would accept BTC for payments. However, both publishing companies have since removed the BTC payment option. Beijing Sci-Tech Report being a technology-oriented magazine may have better luck than its periodical predecessors.

What do you think about Beijing Sci-Tech Report (BSTR) accepting BTC for 2019 subscriptions? Let us know what you think about this story in the comment section below.


Images via Shutterstock, BSTR, and Pixabay.


Want to create your own secure cold storage paper wallet? Check our tools section. 

The post China’s Oldest Science and Tech Publication Accepts BTC for Subscriptions appeared first on Bitcoin News.


Source: Bitcoin.com
Original Post: China’s Oldest Science and Tech Publication Accepts BTC for Subscriptions

Statue of Satoshi Nakamoto: This is What He Looks Like

Kiev, the capital of Ukraine, which is a well-known Eastern European crypto hub has made the crypto lover’s dream come true. Now, you can take photos with the Satoshi Nakamoto statue right in the city center. There is one little ‘but’ however.

Back in June Altcoin Buzz reported that the Satoshi Nakamoto Republic, a group of people created to raise monuments and statues of Satoshi Nakamoto around the world, planned to replace the statue of the Russian socialist revolution evangelist Vladimir Lenin with BTC’s creator. Andriy Moroz, co-founder of Satoshi Nakamoto Republic indicated that: “We are engaging in the construction of monuments to the great man who for everyone is a new symbol of freedom.”

The good news is that the statue has been opened. Close to 50 people attended the event. The weird news is that it is virtual and quite frankly slightly strange-looking. It is defnitely not Nick Szabo. Nor is this person writing a book anywhere soon.

Yuriy Nazarov, co-ordinator of Kyiv Smart City, who announced the opening, has published a photo with the virtual Satoshi on Facebook. It has three heads, depicts various races and has robot-like legs and stomach.

Mr. Nazarov points out in his post that Nakamoto “is a virtual person that nobody has ever seen, however, designers have recreated his 3D image which you can see using the mobile application.” Yet he did not specify how it was possible for the designers to recreate a person they have never seen.

 

Image may contain: 3 people, people standing and outdoor

Mr. Nazarov at the opening ceremony

He also added “that this event is a step which will contribute to the city’s development and lead to the creation of the Satoshi Nakamoto Republic. And I’m very happy that Kiev is the first city in the world to hold such an event. Soon Los-Angeles and Miami as well as others will join in. Congratulations to all! Download the app and explore virtual Kiev.” Mr. Nazarov did not provide a link to the application. Yet most likely he had this one in mind — 1551 Mobile Application.

The rather unexpected design of the statue has captured the Ukrainian FB users’ attention. For example, Christina Voitsekhivska wrote: “This is quite sad. Probably the designer didn’t get paid. That’s his revenge.” However, Alexander Soroka, who was also present at the opening ceremony, was quick to emphasize that this design was one of the better ones. He also told another user, who wrote “it looks horrible,” that he was sorry that “the artist’s vision didn’t match his expectations.”

Previously, Ukraine has announced that it is testing blockhain voting and is ready to legalize cryptocurrencies in the country.


Source: Altcoin Buzz News
Original Post: Statue of Satoshi Nakamoto: This is What He Looks Like

Bitcoin (BTC): The Two Possible Scenarios

Bitcoin (BTC): The Two Possible Scenarios

Bitcoin (BTC) is in a no trade zone as far as traders are concerned. The number of bulls is low compared to that of bears and confused investors. The above daily chart for BTC/USD shows that Bitcoin (BTC) is reluctant to test the 61.8% Fib retracement level from the previous high. Even if it does test that level, confusion will continue to loom over as long as Bitcoin (BTC) stays below $10,000. Bitcoin (BTC)’s trading volume is on a constant decline.

Continue reading Bitcoin (BTC): The Two Possible Scenarios at Crypto Daily™.


Source: CryptoDaily.co.uk
Original Post: Bitcoin (BTC): The Two Possible Scenarios

Chinese Bitcoin Billionaire Unexpectedly Exits Crypto Industry, Controversy Ensues

Cryptosphere Says Goodbye To Chinese ‘Bitcoin Tycoon’

You may not know his name, but Li Xiaoli, China’s in-house Bitcoin billionaire and blockchain investor, is one of the most well-known, experienced individuals in the entire cryptosphere. However, despite his prestige in this nascent industry, he has unexpectedly announced that he intends to stop investing actively in this space in the future.

For those who are unaware, Li is the founder of BitFund, a Beijing-based venture capital fund with a focus on promising cryptocurrency and blockchain projects. Over the course of his time in this industry, he has been touted as one of China’s largest Bitcoin holders, with rumors stating that he owns tens of thousands (if not hundreds of thousands) of the shiny gold digital tokens.

According to a post from the billionaire on Weibo, one of the most popular social media platforms in China, as translated by TechNode, Li wrote:

From this day on, I, Li Xiaolai, will personally not invest in any projects (whether it is blockchain or early stage). So, if you see ‘Li Xiaolai’ associated with any project (I have been associated with countless projects without my knowledge, 99% is not an exaggeration), just ignore it.

The Chinese Bitcoin tycoon went on to add that he has plans to sit on his laurels for “several years,” as he will contemplate where he wants to move and achieve next in his life, which he isn’t too sure of at the time of writing. There is still speculation that he still has plans to invest in blockchain projects, but through alternative means, like via an investment fund or institution, as Li may want to distance himself from the public spotlight.

Due to his influence over the cryptosphere, his sudden departure has had quite an impact, one user wrote that “Li Xiaolai’s value has been seriously underrated.” While there were dozens who were sad to see him leave, there were others who thought it couldn’t come soon enough, as it would be fair to say that he has been quite the topic of controversy in the past.

Even earlier this year, Li was seemingly forced to step down from his managing partner role at Hangzhou Xiong’An Blockchain Fund after he was accused of several damming things by his fellow industry leaders. Chen Weixing, a Chinese venture capitalist, called Li a “tumor” in the side of China’s cryptosphere, for one, later noting that the investor still owed over 30,000 BTC to an unnamed group of creditors. Although this situation has seemingly gone unaddressed, it could be assumed that this accusation likely made him want to distance himself from this industry.

Moreover, as reported by Ethereum World News in early July of this year, Li has also openly called out a multitude of leading crypto startups and projects. According to leaked conversations, the well-known, Chinese investor called NEO “stupid and worthless,” Binance “fraudulent,” and Justin Sun a “scammer,” just to name a few of the inflammatory statements he made.

Due to the fact that the conversation was leaked, the firms and individuals mentioned in the leaked recording have since responded, He Yi, an executive at Binance for one, claimed that Li made false claims and was just trying to garner attention. Again, the scathing responses made against the investor’s rather rude comments likely made him want to leave this space, which has become increasingly hostile towards him as of late. Or then again, maybe the increasing regulatory pressure on this industry from the Chinese government has rationalized his decision to leave this industry, as who wants to be put in jail….. right?

Photo by Yiran Ding on Unsplash

The post Chinese Bitcoin Billionaire Unexpectedly Exits Crypto Industry, Controversy Ensues appeared first on Ethereum World News.


Source: Ethereum Worldnews
Original Post: Chinese Bitcoin Billionaire Unexpectedly Exits Crypto Industry, Controversy Ensues

Jameson Lopp’s Not so Secret Bitcoin Superlist

This ex-Bitcoin Core developer and cypherpunk loves explaining to people that they don’t know anything about Bitcoin. In fact, he himself believes that he also does not know anything about Bitcoin. He is one of the top 100 most influential people in crypto and blockchain and has contributed immensely to the ecosystem.

So why does he believe that he doesn’t know anything?

The reasoning is very simple. Nobody knows.

Bitcoin has never happened before, and a piece of code has never reached such a wide adoption in full decentralized mode. The implications are varied and it’s difficult to predict any outcome. It is even redundant to write this article if my intention is to explain something about Bitcoin.

The truth is, I can only provide my own perspective on the decentralized financial system. Perspective, that is, an opinion of how things are, and how they (should) work.

One thing is certain. You should strive to generate your own opinion and belief, go through the process of trying to understand what is Bitcoin and blockchain, and then end up right back where you started.

It is inevitable that a person on the journey to get involved in this brand new world is going to find themselves doubting the conclusions they’ve drawn when they were just starting.

It happened to me, it happened to Lopp, and most likely it will happen to you. And if we are being honest blockchain and Bitcoin are more than just technology. They are holders of philosophy, sociology, politics, and human ambition. People use all sorts of metaphors to describe Bitcoin and blockchain to their friends and acquaintances.

Personally, I would love to learn about how you describe Bitcoin and blockchain to people that don’t know what these terms represent. Tell me your pitch in the comments below.

Back to Jameson. He has created an impressive list of links to everything Bitcoin-related, and he wasn’t alone in its creation. The list contains too many links to count, but I would bet that all of them are relevant (having met Jameson and talked with him when he visited Amsterdam) fully knowing how committed Jameson is to cryptocurrency and decentralized systems.

You can find the list of links here, and access the most exhaustive library I’ve ever seen on the topic of Bitcoin. He’s also very clever with words and shares this list through his twitter account and this pinned post.

To learn more about who Jameson Lopp is you can visit his website or the short (yet outdated) article on Everpedia, or even better, simply follow him on Twitter.

Importance of crypto education

We recognize the need for a source of relevant information tailored for beginners. The crypto ecosystem is small and rapidly growing with every cycle bringing in more and more people in this crazy, wacky world which we take for granted. At least I do.

But I don’t take you, our readers for granted, and it is my goal that every article I write gives you value, makes you smile, and helps you learn something.

Two years ago, we created a beginners guide together with Crypto-News.net titled “Bitcoin Master Guide” and it’s a great place for Bitcoin and blockchain education. The entire guide is properly sectioned and I stand behind the information presented there. It’s also open-sourced, meaning that you can contribute to the guide with your own findings, including rectifying any errors that may have slipped through the cracks.

All in all, it is important to share with others so that they can have the opportunity to somewhat understand the technology, the strengths, and limitations, and avoid potential scams and issues in their journey to cryptohood.


Source: Crypto News (.net)
Original Post: Jameson Lopp’s Not so Secret Bitcoin Superlist

TechCrunch Founder Outraged at US SEC, Will Crypto Firms Also Pivot to Asia?

The US Securities and Exchange Commission (SEC) has been heavily criticized for its actions against Elon Musk’s Tesla, the crypto market and investment firms within the local market. On Sept. 29, Michael Arrington, the co-founder of TechCrunch, announced that his venture capital firm has decided to move out of the US and relocate to Asia

The post TechCrunch Founder Outraged at US SEC, Will Crypto Firms Also Pivot to Asia? appeared first on CCN


Source: CCN.com
Original Post: TechCrunch Founder Outraged at US SEC, Will Crypto Firms Also Pivot to Asia?

ETH Prediction and the Future of ICOs (Plus INXT & XRP) - Today's Crypto News

Source: YouTube: Altcoin Buzz
Original Post: ETH Prediction and the Future of ICOs (Plus INXT & XRP) - Today's Crypto News

A Review of the New Stellarx Decentralized Exchange

A Review of the New Stellarx Decentralized Exchange

This week, Stellar launched its long-awaited decentralized exchange. Stellarx offers trading of a range of assets including cryptocurrencies from multiple blockchains, using stellar lumens (XLM) as the base currency. The exchange differs significantly from existing decentralized offerings, which are limited to tokens pertaining to a single blockchain – usually Ethereum. With Stellarx, however, users can trade BCH, BTC, USD, ETH and much more, but there’s a catch: non-native assets are represented as ‘tethers’.

Also read: Launching a Website on the Bitcoin Cash Network Is Now a Reality

Does Stellar’s New DEX Have the X Factor?

A Review of the New Stellarx Decentralized ExchangeOn the face of it, Stellar is an odd cryptocurrency project to be championing decentralization. Founded by Jed McCaleb as a fork of his former project, Ripple, Stellar is in many respects as centralized as the coin its codebase derives from. Are We Decentralized Yet? scores Stellar’s XLM cryptocurrency low on various decentralization metrics, noting that the top 100 accounts hold 95% of the total supply, there is just one client codebase controlling nodes, and a mere 111 public nodes are operational. By any reckoning, that makes XLM a heavily centralized cryptocurrency, and yet in Stellarx, we have a candidate for one of the most innovative and user-friendly decentralized exchanges seen yet.

To all intents and purposes, Stellarx operates as a true DEX should: users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds. Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare bones DEX on a par with IDEX or Forkdelta. There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

A Review of the New Stellarx Decentralized Exchange

Trade Anything, Anywhere

“Any asset that is created on the Stellar network may theoretically be displayed, no matter whether it would be considered a currency, commodity, security, utility token, or other type of asset under your local applicable laws and regulations,” notes Stellarx in its Ts & Cs. “You are responsible for determining the legality of your transactions.” With each trade, the counterparty sends tokens directly to your Stellar wallet and vice-versa, ensuring that there is no custodial risk incurred. They explain:

On Stellarx, you can go US Dollars to Bitcoin to Chinese Yuan to Mobius from a single wallet. That’s not possible anywhere else.

Upon visiting Stellarx for the first time, you’ll be prompted to sign up by submitting an email address and password. That’s the only verification you need to trade on the platform, which is pretty cool, as is the built-in password strength calculator:

A Review of the New Stellarx Decentralized Exchange

You’ll then be prompted to create a private key for the Stellar wallet that will be tied to your trading account and to make a note of the recovery phrase. At this stage, Stellarx bears many similarities to the Waves decentralized exchange. The trading interface you’ll next be shown, however, accompanied by a platform walk-through, is far slicker than anything that any rival DEX has produced to date.

A Review of the New Stellarx Decentralized Exchange

The first question that users navigating their way around Stellarx may have is how the exchange of cross-chain assets is made possible. This has hitherto been a tough nut to crack, with atomic swaps seen as the likeliest solution to what is a complex problem to solve in a trustless setting. Stellar’s solution is surprisingly simple: the majority of the assets it offers are ‘tethers’ i.e tokenized representations. They explain: “They’re tied to either fiat like USD or to cryptocurrency from other chains, like Bitcoin and Ethereum. You can trade tethers like any other token, but you can also exchange them for the asset they’re tied to.”

So when you buy bitcoin cash or ethereum on Stellarx, what you’re really buying is a Stellar-issued token that represents that crypto. (The Waves DEX does something similar with ethereum, which is tradable on Waves despite operating on a different blockchain). On Stellarx, tokens are listed as either “fiat tethers”, “crypto tethers” or “native tokens”, the latter being native to the Stellar blockchain.

A Review of the New Stellarx Decentralized Exchange
The Stellarx bitcoin cash marketplace

Zero Fees and Human-Readable Addresses

In addition to boasting zero trading fees, Stellarx offers human-readable wallet addresses that comprise the email address you signed up with followed by “*stellarx.com”. Users who’ve no desire to publicly disclose their email address can use a non-identifiable public key instead. Assets listed on Stellarx can be filtered by volume, price, name, issuer, and other variables. Before you can begin trading you’ll naturally need to deposit funds into your account. In addition to XLM, Stellarx accepts USD, implemented with the aid of Anchorusd.com. While KYC is required to use Anchor’s service, it’s nevertheless novel to see a DEX offer fiat deposits.

A Review of the New Stellarx Decentralized Exchange
For users who don’t hold XLM, Changelly will provide crypto exchange

When it comes to withdrawing funds, there are two options: select another Stellar address or choose an off-chain account. If you’re holding ‘tethered’ funds such as BTC or BCH, you’ll need to visit the website of the issuer who offered the asset. In the case of BTC, for example, that means visiting Naobtc and converting your Stellar BTC for real BTC, or with BCH it necessitates swapping tokens at Apay. Stellarx will soon support off-chain withdrawals in-app, making this process less convoluted. There’s still plenty of work to be done on improving the platform, adding more assets, and onboarding enough users to build sufficient liquidity. On early evidence, though, Stellarx has a lot going for it, forming a welcome addition to the decentralized exchange ecosystem.

What are your thoughts on Stellarx? Let us know in the comments section below.


Images courtesy of Stellarx.


Need to calculate your bitcoin holdings? Check our tools section.

The post A Review of the New Stellarx Decentralized Exchange appeared first on Bitcoin News.


Source: Bitcoin.com
Original Post: A Review of the New Stellarx Decentralized Exchange

Why Bitcoin and Cryptocurrency Is the Future and Natural Evolution of Money

A powerful video explains the story of Bitcoin and the worldwide impact of cryptocurrency in a way anyone can understand. It’s the perfect way to fall in love with the technological revolution all over again. Or share it with the crypto skeptic in your life or anyone who doesn’t have the time or inclination to […]
Source: Daily HODL
Original Post: Why Bitcoin and Cryptocurrency Is the Future and Natural Evolution of Money

South Korea Interested In Third Generation Blockchains

South Korea Interested In Third Generation Blockchains

Second-generation platforms like Ethereum allow applications to run as programmed whereas third-generation platforms have come out of the blue addressing current issues with second-generation networks, this has grabbed the attention of South Korea.

EOS, Orbs and Link Chain are just a few examples of third-generation blockchain networks which are making waves in the industry. They are also starting to solve the shortcomings of Ethereum such as its commission fees and slow data processing times has started to gain the interest of South Korea.

Continue reading South Korea Interested In Third Generation Blockchains at Crypto Daily™.


Source: CryptoDaily.co.uk
Original Post: South Korea Interested In Third Generation Blockchains

Ripple-Hired Lobbying Firm Will Get Paid [Partially] in Cryptocurrency

A lobbying firm in America’s political capital that has been hired by cryptocurrency firms including Ripple will now get a certain portion of its fee paid in XRP. The Washington, D.C.-based Klein/Johnson Group has been contracted by the San Francisco-based Ripple and several other firms in the cryptocurrency sector and will be paid for its

The post Ripple-Hired Lobbying Firm Will Get Paid [Partially] in Cryptocurrency appeared first on CCN


Source: CCN.com
Original Post: Ripple-Hired Lobbying Firm Will Get Paid [Partially] in Cryptocurrency

Japanese Crypto Consortium Tightens Rules Following Zaif, CoinCheck Hacks

Local Crypto Hacks Spark Action

Over the relatively short course of the history of cryptocurrencies and blockchain technologies, Japan-based crypto exchanges have been rather susceptible to hacks in comparison to their European and American coJapan’s FSA Suspens Two Crypto Exchanges, Coincheck to Start Reimbursing Customers Next Weekunterparts.

Seeing this, leading startups within the Asian country have sought to mitigate the risk of hacks, cases of money laundering, and other regulatory concerns by establishing a self-regulating consortium. This group of exchanges and top crypto-focused firms has been named the Japan Virtual Exchange Association, or JVCEA for short.

In late July of this year, as reported by Ethereum World News, the group sought to crack down on leverage trading, as the body believed that the widespread availability of high margin trades proved too much of a risk for consumers. As such, the JVCEA put a 4x leverage cap on trading platforms, which is a far cry from the previous 25x limit.

Most recently, as confirmed by The Japan Times’ insider sources, the group of platform operators intends to tighten the management and security of consumer-owned cryptocurrency holdings. More specifically, those familiar with the matter noted that the JVCEA will “set a ceiling” on the amount of crypto that can be held through exchange-operated hot wallets, which are perpetually connected to the internet. The exact “ceiling” that will likely be set in place is said to be around 10 to 20 percent of customer-owned crypto.

This revised rule, which is set to be drawn up over the next few weeks, will likely be an act of protection that consumers are waiting for, as this limit should mitigate a majority of the risk associated with devastating, industry-altering hacks.

Once developed, the new and improved rule will be pushed through the Japanese Financial Services Agency (FSA), who will be required to certify it in accordance with local payment services regulations and policies.

The Zaif Hack Case Develops 

This move was likely catalyzed by the recent hack of Zaif, which saw the Tech Cureau Corp subsidiary lose approximately seven billion Yen worth of cryptocurrencies, as reported by Ethereum World News previously. For those who haven’t been kept in the loop about the situation, on September 14th, it was revealed that the Osaka-based Zaif had its wallet accessed by unauthorized individuals, triggering a shutdown of the platform’s deposit and withdrawal services.

After an internal investigation, it was revealed that thousands of Bitcoin (BTC) and Bitcoin Cash (BCH) were stolen, along with millions of Monacoin (MONA), a popular cryptocurrency in the Asian market. In all, the total value of the assets stolen amounted to the equivalent of $59M USD, with one-third of that value being company-owned and the rest being customer cryptocurrencies.

Zaif has since sought the help of Fisco Digital Asset Group, who has reportedly given the recently-hacked firm over five billion yen in exchange for a majority shareholder position. While Zaif’s internal structure has since been revamped, with the firm’s shareholder booting out the exchange’s former executives, the case is still a hot topic with local regulators.

The FSA, Japan’s equivalent of the SEC, revealed that it is still seeking details on the case, as the lack of details and in-depth explanation is worrying, reports Reuters. It is likely that Zaif will still be subject to multiple investigations over the next few months, but many believe that the purportedly proposed regulations will put an end to security breaches in this industry.

Photo by Tom Chen on Unsplash

The post Japanese Crypto Consortium Tightens Rules Following Zaif, CoinCheck Hacks appeared first on Ethereum World News.


Source: Ethereum Worldnews
Original Post: Japanese Crypto Consortium Tightens Rules Following Zaif, CoinCheck Hacks

Crypto Markets See Mix of Red and Green, With Half of Top 100 Coins Slightly Up

Around half of the top 100 coins by market cap see small gains. Bitcoin is trading slightly above $6,600


Source: Cointelegraph.com
Original Post: Crypto Markets See Mix of Red and Green, With Half of Top 100 Coins Slightly Up

Chinese Bank Issues $1.3 Billion Securities via Blockchain Amidst Cryptocurrency Crackdown

China Turns to Blockchain to Leverage the Existing Charity Tracking System

Making use of its proprietary blockchain platform, China’s Bank of Communications (BoCom) has issued residential mortgage-backed securities (RMBS) worth 1.3 billion USD, per a report published by China Money Network, dated September 28, 2018. Blockchain Shooting up to the Moon The RMBS issued by the state-owned commercial bank have the China International Capital Corporation as its lead underwriter and book...The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
Source: BTCManager.com
Original Post: Chinese Bank Issues .3 Billion Securities via Blockchain Amidst Cryptocurrency Crackdown