One of the biggest pieces of news last week was Coinbase’s listing of 0x (ZRX), an open protocol that facilitates the low-friction, peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain. While the listing caused some debate within the crypto community, given the relative experimental nature of 0x, it was enough to spur speculation over future listings of altcoins […]
SludgeFeed
What Links Barack Obama With These Crypto Scammers?
Barack Obama, ex-President of the United States of America and the latest victim of crypto crime, of sorts at least.
According to The Next Web, the Texas States Securities Board (TSSB) have stepped up to take action against three cryptocurrency companies within Texas that have been found to be acting deceitfully and making false claims, one company have even been found to have fabricated a short video that seems to show Barack Obama endorsing the companies products, though obviously Obama had nothing to do with it.
Continue reading What Links Barack Obama With These Crypto Scammers? at Crypto Daily™.
Bitcoin Is Extremely Useful In These Problematic Countries
In many countries, there are emerging monetary crises as local currencies lose value. Local governments or central banks are unwilling or unable to solve inflation, and that’s a key chapter in the story of Bitcoin. The late economist Milton Friedman, a Nobel Prize winner, said people should only look to one reason why long-term inflation exists: the above institutions keep printing cash out of thin air which debases the local currency. That makes Bitcoin and other reliable cryptocurrencies an attractive solution in places that operate on shaky or desperate economic ground.
Continue reading Bitcoin Is Extremely Useful In These Problematic Countries at Crypto Daily™.
Government Got Your Crypto? Try These 5 Altcoins
Just yesterday we covered the story of VeChain and a potential new government partnership alongside PICC, a state led insurance company. This, comes off the back of a crypto clamp down in China, a clamp down that is seeing cryptocurrency totally wiped out of the country.
Now of course, the VeChain x PICC partnership is not one designed to adopt VET, the VeChain token, it is however one designed to adopt the VeChain blockchain.
Continue reading Government Got Your Crypto? Try These 5 Altcoins at Crypto Daily™.
These New Findings By Coinbase Are Huge For Cryptocurrency Adoption
Coinbase, known for their prowess within the cryptocurrency exchange industry and now it seems, for their prowess as a research group, one that has unveiled some interesting data with regards to the future of cryptocurrency in education, which in turn could have a big impact on cryptocurrency adoption in the future.
According to a new report, Coinbase have partnered with Qriously, a renowned research team in order to gain an insight into how cryptocurrencies are impacting higher (university level) education.
Which Of These 5 Bitcoin Investor Categories Best Fits You?
Dave Elder-Vass, a Reader in Sociology at Loughborough University (UK) has taken to The Conversation to discuss the history of Bitcoin, through the lens of the five different investors, or subcultures who have bought into Bitcoin, as both a viable currency and as an investment.
The five categories discussed by Elder-Vass are;
- The Idealists
- The Libertarians
- The Savvy Young
- The Investors
- The Portfolio Balancers
Which category best fits you?
Continue reading Which Of These 5 Bitcoin Investor Categories Best Fits You? at Crypto Daily™.
These 5 ICO Exit Scams Cost Investors $100 Million
ICO exit scams over the last two years have left people $ 96.8 million out of pocket, according to data compiled by blockchain intelligence firm Diar.
However, this is only a drop in the ocean with regards to the influx of investment the cryptocurrency space is receiving. For context, blockchain start-ups have raised over $ 6.8 billion from ICOs in 2018 alone. Nonetheless, $ 100 million is an eye-watering amount. Let’s look at the top 5 ICO exit scams.
Nocoiners: Investing in Bitcoin is Gambling, Better Go With These Stocks
Bitcoin has been an object of serious criticism across the board for a range of reasons. Most notably, though, the first and foremost cryptocurrency faces a barrage of judgment due to its price volatility. Traditional and more conservative investors are taking the chance to label Bitcoin as an incredibly risky investment, as the cryptocurrency lost around 70 percent of its value since January. But how risky is Bitcoin exactly?
Cryptocurrency Investing is Gambling
A recent article on popular finance insight publication The Motley Fool expressed serious concerns about investing in cryptocurrencies. Bitcoin, the largest digital currency by means of market capitalization, was the main object of criticism.
Since Twitter Won’t Stop Crypto Scammers, These Services Will
One of the most maddening things about lookalike Twitter scammers has been Twitter’s unwillingness to do anything about them. It’s not a complex problem to solve, and yet for months the micro-blogging service has prevaricated while the gullible public has given their ether away to flagrant scammers. A couple of third party services have now sprung up promising to solve the problem. If Twitter can’t stop crypto scammers, they will.
Also read: Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios
Forget Bitcoin, These Altcoins Are Leading the Way in Merchant Adoption
Since its inception, one of the major goals of the cryptocurrency community has been the adoption of Bitcoin as a payment method for goods and services. As it stands now, consumers can use Bitcoin across a number of industries to purchase everything from real estate, to PCs, to pizza. However, Bitcoin’s high transaction costs, deflationary nature, and full transparency represent some of the shortcomings that prevent Bitcoin from seeing widespread merchant adoption.
As such, enthusiasts, consumers, and producers alike have gotten behind a number of altcoins as mediums of exchange for a variety of uses. While Bitcoin acted as the catalyst for the first wave of crypto-merchant integration, these emerging altcoins are the pioneers for the interactions between the consumers and merchants of tomorrow.
These 3 ICOs Have Huge Potential in 2018
Looking to put your money to work for you with some promising investments into Initial Coin Offerings? Here are three ICOs launching in 2018 that could help you do just that.
Origin
The first Initial Coin Offering you will want to pay close attention to is Origin.
Origin is a protocol which utilizes the Ethereum blockchain and IPFS for the creation of sharing-economy marketplaces. In essence, it affords both developers and businesses the ability to construct decentralized marketplaces on the blockchain, while making it simple to both create and manage listings for the fractional usage of services and assets.
Crypto-to-Cash Lending is Growing Quite Popular These Days
Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be a pretty big deal in the future. Furthermore, this week a company called Nexo also plans to offer a digital currency for cash lending platform and raised $ 50Mn USD in capital from venture capitalists like the Techcrunch founder Michael Arrington.
These Countries Won’t Tax Your Bitcoins Too Much
A growing number of governments can’t resists the temptation to get their hands on some of the bitcoins their citizens are making. Several states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world.
Also read: Tax Paying Americans Owe $ 25 Billion in Cryptocurrency
These Are the Best Performing Cryptocurrencies of 2018
Picking a winner in this year’s crypto markets has been a tough task. With assets deprecated across the board, even the best performing coins are in the red. To put it more accurately then, these are the least worst performing cryptocurrencies of 2018.
Also read: Eight Ways to Profit in a Crypto Bear Market
None of the Top 20 Cryptos Have Held Their Value This Year
Bitcoin is down 58% in three months and down 66% from its all-time high. Most cryptocurrencies have shed even more since January, but a few have outperformed bitcoin. The handful that are in the green, such as ontology (up 110%) are only up because they weren’t introduced until 2018 was well under way. Had ontology, which was airdropped to NEO holders, been launched last year, there’s every likelihood it too would be in the red.
These Are the Worst Performing Cryptocurrencies of 2018 – So Far
2018 has been a tough year for cryptocurrencies. It all started so promisingly, as January broke with the promise of $ 3 ripple and, in tron, an altcoin that was up 14,000% in 30 days. Things swiftly went south from there, and have been sinking ever since. Judged by their all-time high (ATH), the following coins are 2018’s greatest fallen angels.
Also read: Chinese Investors Use Wechat Brokers to Bypass ICO Ban
“Real Users”: Bitcoin Donations Helped These Earthquake Survivors Recover
This is the second in a series by Aaron van Wirdum focusing on real people who use cryptocurrencies. Read about his earlier experiences in Italy here: “Real Users”: In This Mountain Town, Everyone Knows About Bitcoin.
The straight stone road from the partially crumbled city wall to the scaffolded church in the center of the central Italian town of Norcia is empty. It glimmers a bit from the rain; the weather is unusually wet for this region today. Tourists and day-trippers that would usually be strolling around the historic town center on Saturday afternoons like these are nowhere to be seen.
These Tiny “Crypto-Anchors” From IBM Could Help Fight Product Fraud
Each year, IBM showcases “5 in 5” technologies coming out of IBM Research’s global labs — five technologies that the company expects to fundamentally reshape business and society in the next five years.
This year, a “5 in 5 at a Science Slam” was held at Think 2018 in Las Vegas.
One of the 5 in 5 breakthrough technologies presented in Las Vegas is ultra-miniaturized cryptographic anchors.
Lead developer Andreas Kind heads the “Industry Platform and Blockchain” team at IBM Research Zurich, which contributes to the Hyperledger Blockchain Project and develops privacy and cloud security technologies.
Want Faster Bitcoin Transactions and Lower Fees? Try These Workarounds
Your Bitcoin transactions don’t have to be expensive and slow. With a little bit of know-how and pre-planning, you can keep transaction times and fees at a manageable level.
High transaction fees and long processing delays are top of the list when it comes to issues (and, in turn, discussion) surrounding Bitcoin right now and for good reason. The network is choking on the huge influx of volume seen over the last six months or so and – in its current format – it simply can’t handle the issues that scaling has brought to the table.
ICOs In BIG Trouble? 😱 Tezos Cryptocurrency Sued In Class Action ⚖ Lawsuit – More Of These To Come?
**On today’s episode of The Cryptoverse:**
An update on the Tezos controversy. Tezos Founders Sued for Securities Fraud in Potential Class Action, which could lead to a wave of copycat attacks on ICOs.
The lawsuit involved Tezos founder Kathleen and Arthur Breitman and Johann Gevers.
And we’ll do a daily check in on the progress towards the Segwit2x hard fork.
Learn how to make money with Bitcoin and cryptocurrencies at:
https://www.cryptoversity.com
**Request a video topic here**
https://goo.gl/forms/vcOaFAeIFVtj6NWw2
**Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:**
https://www.cryptoversity.com/enroll/