Crypto APIs Helps Enterprises and Developers Build Blockchain-based Products

Crypto APIs Helps Enterprises and Developers Build Blockchain-based Products

Building blockchain-based products and services require considerable backend and technical resources, but Crypto APIs is making it easier for enterprises and developers with its unique set of tools.

A world which revolves around the allocation of scarce resources into satisfying our infinite desires

seems to be focusing on innovation that is oriented towards how this usage of resources is to be optimized, with data becoming indeed “the new oil”. As such, enterprises are noticeably embracing blockchain solutions, as the worldwide spending on them is expected to grow from 1.5 billion in 2018, up to 11.2 billion by 2022, according to Statista. Hence, it’s no wonder financial companies and other institutions are seeking out this form of structuring and distributing their data with no central authority that gets in their way. However, as with every emerging technology,

the constant challenge appears:

“Should I build it from scratch, or use available solutions?” 

The answer is not definite, yet still related to resources: time and money in accordance with data. If they are both to be optimized for the best of the company’s interest, the quality of the product will thrive. This is especially true if you are a software developer with a vast interest in dApps.

The main problem developers and enterprises are encountering is having their platform implementation costs worth it, which if not leads to a costly R&D phase, the need of a blockchain developer, 5 years of work with worst-case scenario being they don’t even have a product ready yet, and the best-case: having plenty of debts and very little competitive advantage. Similarly, 10 years ago, setting up a software platform would require thousands of dollars at the very least for servers and maintenance, with not even a clear product on their hands to put to market. However, nowadays through AWS and other services,the process is hugely facilitated with just $100. Hence, history has proven infrastructure layers have revolutionized adoption to technologies. The same logic is applied into blockchain. Enterprises’ common intuition directs them towards different APIs providers for blockchain, crypto market data and exchanges protocol support. However, some exchanges provide only Rest API while others provide only WebSockets. Therefore, of course, developers will need at least two different API providers, pay two separate sets of bills and handle multiple interfaces for different exchanges. With the scalability challenge, the problem will only get worse over time.

Crypto APIs offers the convenient option which, as you may have guessed, consists of one single API provider through a simplified and unified model integration. A best-in-class solution that includes: Blockchain API, Crypto Market Data API and Trading API. It provides support for top cryptocurrency exchanges and 10+ blockchain protocols. The Blockchain API itself offers 600+ endpoints for its users. Not only is Crypto APIs robust and powerful, but it is extremely easy to be implemented with just a few lines of code during your cocktail hour. Their interoperable and coherent API provides methods for retrieving data from exchanges, wallets and various data sources protecting the integrity and security of the users. Crypto APIs regards this to be an important issue and it is considered a priority for all sensitive information private key and API password to be strongly encrypted and stored in this format only.

In addition, whether it is for building Crypto trading bots or for managing digital asset portfolio, the user will need to handle big data storage. Crypto APIs covers that functionality together with locally hosted nodes. The service can manage 5K+ Market Data Updates per second, while maintaining a constant Market Data collection non-stop all from the exchanges. Its multi-crypto seamless integration also supports multi-language SDKs. Moreover, a true proof of the company’s reliability is when it starts building its own innovative solutions on top of its own ecosystem. Examples would consist in, Kryptonize, the 0% commission Metamask competitor, with added support for multiple currencies, or BlockExplorer, the most advanced search engine for blockchain data, both offered to the public from Crypto APIs due to their unification of the top blockchains in one place.

To conclude, the future of blockchain is indeed backed up by evolving records, which is more of a reason for enterprises to choose the correct approach in their priorities. Nashwan Khatib, Crypto API’s CEO states: ”In 2020 every company is becoming a fintech company, in 2030 every company will be blockchain company with the help of infrastructure layer companies like Crypto APIs.” As follows, the essence of this product is noticeably driven by the desire to make programmers, traders, financial institutions, or any blockchain-enthusiast really, more likely to reach their goals and focus on their application logic. In that context, they become the epitome of the invisible hand on the blockchain economy, where Crypto APIs’ interest to sell their product complies with the interest of their customers’, truly achieving win-win situations.

Article Produced By
Cryptovest News Desk


Bitcoin Corrects Above the Steep Low Price and Appears Bullish


Bitcoin Corrects Above the Steep Low Price and Appears Bullish

  • Bitcoin (BTC), at the time of penning down, was seen accumulating below 38.20% Fib Level and above the weekly low at $9,580.20

  • BTC/USD lacks support from the 200-day daily MA while the 50-day MA is providing an immediate support
  • This time the correction below $10,000 has led the coin to test supports as low as $9,200 as it nosedived steeply within a few minutes
  • The current market for BTC is not projecting any haphazard volatility in the upcoming days

This week Bitcoin price faces rejection above $10,300 as it crashed to $9,200 in no time, marking a regression of over 10%. The “golden crossover” that was anticipated to bring bullish divergence has started with a notable pullback. We do not consider this as an onset of the bear market because the technical indicators appear bullish.

Bitcoin Price Analysis

Analyzing the intraday movement of BTC/USD on Coinbase, we see that that the coin has faced an unpredictable, volatile fall and test support around $9,200. The intraday positive correction taking place today has led the Bitcoin to trade around $9,500 and that is the reason the technicals appear bullish. With this, the price trend is slightly below 38.20% Fib Retracement level and awaits a push to have a persistent trade above $10,000, followed by $10,500 and beyond. Bitcoin has been performing well since the start of the year 2020 and the two events, i.e.,

  • The “golden crossover” that recently happened after April 2019 and,
  • Bitcoin Halving that is going to take place in May 2020,

have been the major pushes to turn an anguished trade into gaining impressive positions. However, now there is no specific reason for a price correction as we believed a strong rally to happen, and therefore, we believe this to be a temporary pullback. Also, the altcoins have turned red and have reported notable dips over the past 24 hours.

Technical Indicators:

The technicals appear bullish as the intraday corrections have lured the BTC whales, and the MACD line crosses above the signal line. While the RSI of the coin is at 47.68 and has risen above the selling pressure with no trading extremities at present.

Article Produced By
Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.


Bitcoin (BTC) Impressively and Bullishly Inclines Towards $9,800

Bitcoin (BTC) Impressively and Bullishly Inclines Towards $9,800

Bitcoin, at the time of writing, was trading above $9,700 and observing a price accumulation

after hitting the weekly lowest at $9,200. However, if the coin witnesses even gradual lows within the accumulation, the price of interest would be $9,300 and $9,000 within $9k to $10k. Now, if we carefully watch out the numbers in the above tweet by Josh Rager, we see that the trading price of interest remains between $7,900 and $8,200 as the maximum hands have been exchanged within the range since May 2019. Therefore, this gives a sure shot conclusion that if we don’t accept dumps in between, we do not deserve price pumps ahead.

Bitcoin Price Analysis

Taking a glance at the 2-hourly movement of BTC against US Dollar, we see that the coin is facing moderate volatility and a “death crossover,” leading to price accumulation. Bitcoin price has got no steady support from the imminent moving averages and is slightly below 38.20% Fib Retracement level. The consistent higher highs formed seemed to have converted into consistent lows as bearishness pushes in. However, the intraday trading on BTC has turned out to be quite a gainer as the coin rises towards hitting $9,800 and above soon. The “golden crossover” on the daily chart is the hint towards the Bull Run that seems approaching subject to volatile pullbacks.


The MACD of Bitcoin holds an intraday bullish divergence as the MACD line cuts above the signal line on the hourly BTC/USD chart by Coinbase. Similarly, the RSI of the coin is seen rising above the support point and is laid at 50.56, showing no trading extremities at present.

Article Produced By
Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis


Binance Cloud Will Help Create More Competition Among Crypto Exchanges

Binance Cloud Will Help Create More Competition Among Crypto Exchanges

Another Interesting Move by Binance

Known as Binance Cloud, the new platform will serve as an infrastructure solution. It will allow partners to launch digital asset exchanges which leverage Binance’s native technology, liquidity, and security. This provides numerous advantages and will usher in a more competitive crypto trading ecosystem. It is evident that this is an exchange-specific concept first and foremost. For interested parties, this option can remove a lot of fees associated with setting up an exchange.

Core features include bank API integration and P2P crypto exchange services. Additional features will be added over time, depending on client demand. This new move will bring cryptocurrencies to more people globally. That remains one of the core problems this industry faces in 2020 and beyond. Finding a viable solution has proven very difficult, for obvious reasons. Binance Cloud is a service the market has lacked for several years. Although white-label exchange solutions exist, they are often only a part of the puzzle. This new service offers everything one needs to be competitive from day one. 

Article Produced By

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.


Coinbase Becomes a Visa Principal Member

Coinbase Becomes a Visa Principal Member

Coinbase is a very big company in the cryptocurrency space.

The team now seeks to expand its presence by issuing a native debit card.
It is a well-known fact that Coinbase has plans to expand upon its existing debit card.

A big Step Forward for Coinbase

Its collaboration with Paysafe has been going on for quite some time now. However, the company needs regulatory approval by official instances.That approval is now seemingly been granted, at least as far as Visa is concerned. They have made Coinbase a Visa Principal Member, giving them the option to issue a debit card without Paysafe’s help. More specifically, it will be best to keep collaborating for the foreseeable future.

However, it will give the crypto firm more space to operate in regardless. Coinbase is the first official cryptocurrency company to achieve this level of certification. It is unclear if this will replace the existing payment card issued by the company in the UK and dozens of other European countries. Given Coinbase’s habit of charging high fees for basic services, it remains to be seen how this situation evolves. Making cryptocurrencies more useful in real life will always be a challenge. So far, debit cards have been a great help, albeit they are not a perfect solution. 

Article Produced By

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.


Dogecoin Price Prediction 2020 | 2025 | 2030: Future Forecast for DOGE

Dogecoin Price Prediction 2020 | 2025 | 2030: Future Forecast for DOGE


In this forecast, we will put out our own and market’s opinion

(both from popular algorithms and experts)

on Dogecoin future while discussing Dogecoin price forecast for 2020 and beyond. Now, let’s delve deep into the Dogecoin price prediction and answer questions if Dogecoin is a good investment or not, why will Dogecoin succeed or fail or while will Dogecoin price rise or drop, let’s quickly do a review on Dogecoin and its to date history.

Our DOGE Price Prediction for 2020

Dogecoin is currently out of the top 30 coins in the cryptocurrency market ranked by market cap. Even though market capitalization has been proven time and again, as a lacking measurement for a coin’s success, it is still the benchmark when it comes to cryptocurrencies. Dogecoin, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, Dogecoin can hope for one as well. Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by DOGE as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see Dogecoin at least doubling its end of 2019 price value. Of course, we speak about Dogecoin price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and DOGE will be worth less Satoshis by the end of 2020. It seems that Dogecoin price will end the year in a tight bear grip, just like the rest of the cryptocurrency market. Next year doesn’t look to bright either in our opinion.

DOGE-BTC Price Correlation

The vast majority of trading that occurs in the crypto markets are between BTC and altcoin trading pairs. Since most altcoins do not pair with fiat currencies (and only a few are paired with stable coins like USTD), Bitcoin is the next best option. Therefore, when Bitcoin is stable, it forms as the ideal base currency for buying altcoins (which is why altcoins tend to do well when Bitcoin goes sideways).

Correlation is measured on a scale from -1 to 1. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices (either up or down in tandem), and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices (so when BTC goes down, altcoin goes up, or vice versa). Values around 0 shows that when BTC price moves, altcoins stays steady, or alternatively that when altcoin moves up or down that the BTC price is staying steady.

Based on the correlation analysis, BTC and DOGE have a strong positive relationship. The correlation coefficient of their prices is 0.44, which was calculated based on the previous 100-days’ price dynamics of both currencies. What all of this aims to convey is, Dogecoin price is highly dependent on bitcoin price action. Individual price analysis for a particular coin makes sense only in a narrow set of circumstances. Technical analysis is even more lacking for a long-term forecast of a coin’s future. The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. 

Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

Dogecoin Projections 2020 – 2025

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will DOGE be among those 5%? If we are honest, there is not much going on for Doge aside of this welcoming and ardent community. It is unreasonable to expect a long-term Dogecoin survival if that is the only hinge for the project.

Dogecoin (Doge) Price Predictions by Market and Experts

#1 WalletInvestor Dogecoin Price Prediction
By the end of 2020, Dogecoin may certainly reach $0.00263 according to the algorithm from that does automatic technical analysis on all coins on the market.

#2 Dogecoin Price Prediction
Another relatively popular site for price predictions forecasts that in December Doge price will be around $0.00026.

Dogecoin Price Prediction 2025

According to some crypto prediction algos, in a 5-year span, Dogecoin is expected to reach $0.04 mark. Dogecoin price prediction by Coinswitch implies that the Dogecoin price is up for a long-term gain and in 2025, the Dogecoin price is forecasted to stand at around $ 0.044.

Dogecoin Price Prediction 2030

Even though this is a Dogecoin prediction article, making a Dogecoin forecast for 2030 is a ridiculous thing to do. There is no price chart or price analysis that can make a reliable Dogecoin projection for such distant future. If it lives long enough to see 2030, though, Dogecoin might actually be a very sought after commodity.

Dogecoin Price Prediction 2040

2040 is two decades away, making a Doge price prediction even more preposterous and senseless task. For fun, let’s say future price of Doge will be $2.

Why will Dogecoin succeed?

Reasons for Dogecoin to go up and rise in price are scarce. It is still one of the favorite jokes around, even Elon Musk joins the fun occasionally but we simply do not see the grounds for Doge long-term success. Its use case is already taken up by bitcoin and other more serious projects. Dogecoin could hybernate its way into the future as a sentimental value that early adopters keep cherishing and using for meme and joke purposes.

Why will Dogecoin fail?

The biggest threat to Dogecoin is one of their biggest advantages: their use case. This is a joke coin – never meant to stay alive this long, nor to reach these market caps and market exposure. Eventually, the joke will stop being funny and the project will get delisted and effectively killed by the exchanges.

Will Dogecoin ever reach $1?

Every option is a possibility but with different probability of happening. Should bitcoin enter a bull run similar to the one from 2017, Doge price prediction will look much brighter as price of Dogecoin can surely climb up to its previous all time high, but reaching $1 is a holders pipedream and borderline fantasy. So, quick answer to the question will Dogecoin hit $1 is a BIG NO.

Is Doge dead?

No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that Dogecoin is far from a dead project.


Can Dogecoin reach $10?

No. If Doge was to reach $10, bitcoin would have to be at $1 million per coin (assuming that their value ratio stays the same, very unlikely).

Can Doge be mined?

Yes, Dogecoin is a PoW coin that can be mined with the so called merged-mining techniques.

What makes Dogecoin go up?

Speculation. Speculators are still majority in the crypto markets and they don’t care what they buy as long as they think it will bring them money.

When will Dogecoin go to the moon?

Depends on the definition of the moon. If we are honest, Dogecoin had its zenit and it is all downhill from now on.


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How high can Dogecoin go?

Considering Doge has a huge supply and no real world use, its upside potential is limited by pure market speculation and forces it can produce. If the overall crypto market rockets into another mania, Dogecoin could beat all the odds and reach insane heights. But that is not likely to happen any time soon.

Dogecoin can’t be killed

Ever since its founder Jackon Palmer departed the community in 2015, the development has waned and prophecies about imminent Dogecoin death started floating around. However, as one of the Doge developers told CoinDesk back in 2017, it is pretty hard to “kill a cryptocurrency”. “Cryptocurrencies are “a bit zombie-like”, Nicoll said. “It’s very, very hard to kill a cryptocurrency.” Some might call a valueless cryptocurrency ‘dead’, but that would be missing any educational or entertainment value the token might provide. For instance, Nicoll said even after the 2014 fork, shibes were moving the old version of the coin around for about five or six months. “It was a functional currency, but you couldn’t use it at shops or on exchanges. We don’t know why they were doing it, but they were having a whale of a time,” he said.

What are the best crypto portfolio apps?

But how do you really kill it? The proverbial headshot for a ‘zombie coin’, according to Nicoll, would require removing the original code from GitHub, making it exceedingly hard to recreate it since very few people keep copies of source code material. Yet the nature of open-source software means that, in that rare instance, copies of the code could still be floating out there somewhere on the internet.”

Use cases emerging

Biggest ace in the sleeve for Doge future is its current most frequent application as a tipping currency. With websites like Litebit, Anycoin, Suchlist, keys4coins, dogegifts, clockworkcrypto and an official Reddit tip bot (there is talk of a Telegram tip bot as well), more and more ways of spending your DOGE are popping up by the day. Dogecoin is very much in line with the United States’ “tip culture”, and with the rise of reward culture on the Internet in the world, Dogecoin will also be widely used. Compared to expensive Bitcoin, the threshold for Dogecoin is even lower, and it’s much cuter. Dogecoin could become the most popular “tip cryptocurrency” in the U.S. Internet. Despite the bear beating the Doge during this extended period of crypto slaughter, 1 Doge is still worth 1 Doge and much wow is not going anywhere!

Article Produced By
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.


What is Ethereum Staking And How Do You Stake Your ETH?

What is Ethereum Staking And How Do You Stake Your ETH?

Ethereum is switching to Proof of Stake some time this or next year (with all the delays,

hard to set a date). The Casper protocol has been formalized, the specification is complete, and now the implementation phase can begin. Depending on how long it takes to implement and test may determine how it all plays out. The question is will it actually be worth it to stake Ether in the first place? Will people be able to do it securely? And what should you do to be ready for the staking?

What is Ethereum Staking?

The Hybrid Casper FFG will reportedly combine Proof-of-Work with Proof-of-Stake (PoS) consensus, with the goal of eventually transitioning to PoS. According to the EIP, one of the specifications of the update reduces the block reward for miners to 0.6 ETH from the current 3 ETH (Decrease of block rewards by 80% over a year). ~5% yearly interest for anyone who wanna freeze $1mln (1500eth) in Casper. 4% finders fee for anyone who discovers bad actors (slashing).

The minimum staking requirement is set at 32 ethers. One Redditor asked a question what should he do to be ready for the PoS on Ethereum and got a reply directly from Vitalik:

  1. Get enough ETH.
  2. Keep an eye out for testnets; they’ll start coming in a couple of months. Participate in them to get a feel for what validating will feel like in practice.

Vitalik was also asked about a new hardware device called NeverSlash, that aims to protects validator nodes from being slashed. NeverSlash encodes the slashing conditions of Casper FFG into a Raspberry Pi. Instead of manually checking whether their vote violates the slashing conditions, validators can rely on NeverSlash to prevent them from casting that vote at all. He called the device brilliant and expended on the whole idea of ethereum staking:

“The goal is to make staking highly accessible, as a default targeting laptops and ideally even phones (think used devices that you replace with new ones, that you then leave lying around your hope hooked up to a power source and home wifi). The benefit of hardware devices like this is to provide an added layer of security; the hardware itself will just sign messages that your client provides, it will not be able to connect to the internet directly, the worst that it can do is require stop signing new messages, requiring you to log out and withdraw and re-deposit with a different key.”

Validators will need to run clients at a minimum and likely connect a beacon node to participate.Your staked coins are held for a fixed term of 3, 6, 9, or 12 months in an Ethereum staking wallet that is in synch with a smart contract.The amount of reward you will collect depends on the elapsed time – the longer you hold your coins in a staking wallet, the greater the reward will be.The strength of the Ethereum staking network is commensurate to the amount of honestly staked ether. Staked coins are a sort of bond that vouches for the validity of new blocks. In exchange for this service, stakers/validators are being rewarded a fraction of the transaction fees on valid blocks. Casper confiscates staked ether in the event that a validator votes for an invalid block.

How much profit can I make from Ethereum staking?

Ethereum staking rewards will be earned on ether coins deposited in a smart contract on a validator node on the Ethereum Proof of Stake (PoS)

blockchain network.

Profit from Staking = Validator Rewards + Network Fee

Validator Rewards — A reward for every block upon successful block creation. Network Fee — Validators receive a cut of the transaction fees that people pay to use the network.

How do I stake my Ethereum?

The details are yet to be formally known as much of the rules of the new consensus are still being discussed. Even the number of ethers needed for staking is still not set in stone and is subject to change. Whatever the number ends up being, ETH holders will be able to band together in “Ethereum staking pools.” – a similar joint enterprise as mining pools. You’ll pitch in your desired amount of ether, join your peers in locking it down, and rake in dividends that are shared in proportion to the size of the deposit of each member in the Ethereum staking pool.


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ETH PoS: Staking Rewards

Ethereum team revealed a tool allowing potential chain validators to calculate annual gross and net returns, taking into account hardware and energy costs. Dubbed ETH 2.0 Calculator, the new web application is developed by Codefi Networks., a popular staking calculator, approximates that ETH staking rewards will hover around 6.5% per year or 0.27 ETH for every 47 days and 22 hours. Other experts like one senior ConsenSys executive expect that Ethereum 2.0 validators can see earnings from 4.6% to 10.3% as rewards for staking on an annual basis.

Ethereum Proof of Stake Date

Just as we all expected, there have been and still are a lot of delays and missed deadlines. ETH 2.0 was expected to hit the blockchain in January 2020 but was then postponed for Q2 of 2020. Now, that date is questionable as well, and it seems that the next Ethereum system-wide upgrade, Eth 2.0, will not launch in Q2 2020 as scheduled, but developers are still confident that the original network parameters will deploy in 2020. In a particular Reddit discussion held on February 5, the Eth 2.0 team made several clarifications. The team said that the network would not launch until three clients can run testnets continuously for at least eight weeks. AMA participants included Eth 2.0 researchers Danny Ryan and Justin Drake together with Ethereum co-founder Vitalik Buterin.

Drake wrote:

“I have 95% confidence we will launch in 2020.”

Coinbase Custody will stake ETH for you

Coinbase Custody will stake for you when the time comes to stake.

Our vision is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto. As the decentralized ecosystem advances, we expect there will be many more opportunities for customers to interact with digital assets in new and unique ways.


Enjoy an anonymous cryptocurrency betting & casino in one place with 20+ cryptos available and get a generous Welcome Package up to 7 BTC now! Use promo code CPTCN1X to get 125% 1st deposit bonus!Toro Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of

Article Produced By
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.


Clearing Confusion: Can Blockchain Transactions be Hacked?

Clearing Confusion: Can Blockchain Transactions be Hacked?

Clearing Confusion: Can Blockchain Transactions be Hacked?

Transparency and security – whenever these two words are taken together,

the first name that hits our mind is blockchain.Blockchain technology, since its inception, has given us an assurance that the data stored in blocks will be transparent, accessible, yet secure. It has emerged as a superhero who can save the world of healthcare, finance, education, and enterprise from frauds, duplicate data storage, hidden costs, and much more. The technology has proven its potential beyond cryptocurrencies and has landed among the top trends. It has encouraged developers and entrepreneurs to get a profound knowledge of blockchain basics before entering the market.

But, is blockchain actually hackproof? Before you nod in affirmation, let us say: No, it’s not. A majority of blockchain networks operate on public databases. Because of this, anyone having the authorization to view the transactions within the network can easily look into history. They might not figure out what is the real name of the user but can easily find out when a particular transaction has been performed and using which wallet.

Besides, since any data added in a block is often approved by the user with the highest spending, it is possible that the hacker double-spend their cryptocurrencies to get this privilege and fork the transaction. Something termed as 51% attack in the technical world. Clear evidence of which is that nearly $1 billion have been stolen by opportunistic attackers from varied exchanges as disclosed by an analytics firm Chainanalysis. Now, knowing this, the next question that hits everyone’s mind is: How to prevent blockchain transactions hacking? The answer is: Zero-Knowledge Proof.

Brief Introduction to Zero-Knowledge Proof

Proposed by the MIT researchers Shafi Goldwasser, Charles Rackoff, and Silvio Micali, Zero-Knowledge proof (ZKP), in layman language, is encryption process where a person (prover) confirms whether a statement is true to another person (verifier) without revealing any information.

Let us explain with an example.

Suppose, two employees, A and B who are working in the same company got incentives. They are curious to know if they have received the same amount of incentive, but are not comfortable in disclosing it. So, assuming that the incentive can be either $100, $200, $300, or $400, employee A brought four lockable boxes and placed them in a vacant room. He marked them $100, $200, $300, and $400, and left with the key of the box related to his incentive value. Now, Employee B entered the room with 4 pieces of clothes. He inked ‘1’ on one of the papers while ‘0’ on the others. Here, the ‘1’ sign represents his incentive value while the ‘0’ denotes other values. He opened the boxes and kept the clothes in all the lockable boxes and left the room while informing Employee A about the meaning of signs.

Employee A revisits and checks if the box’s key he has, has the clothes with ‘1’ sign inked. When not, he gets to know they haven’t received the same amount of incentive. Likewise, when Employee B finds Employee A with the clothes having ‘0’ sign inked, he too realizes that they got a different amount of incentives. In this way, both come to the conclusion that they have not received the same amount of incentives. But, since none of them revealed the real numbers, they have no idea whether Employee A has got more incentive than Employee B, or vice- versa.

So, this is what we call Zero-Knowledge Proof.

The protocol enables users to conduct an action while maintaining data anonymity and privacy – something that the Blockchain transaction is lacking presently. Now, since the approach is made clear, there are high chances that you want to know how you can introduce the ZKP concept in the Blockchain ecosystem. But before we jump to that part, let’s have a look at the real-world implementations to understand its scope far better.

Real-World Examples of Implementation of ZKP in the Blockchain Arena

  1. ZCoin. The foremost example of the implementation of Zero-Knowledge Proof (ZKP) in the blockchain system is ZCoin. The company employs ZKP-based Zerocoin protocol to introduce the power of security, anonymity and scalability in the transactions.
  2. ZCash. It is the open-source blockchain network which adds the possibility to keep the transactions transparent when safeguarding the associated information.
  3. ING. Another example is ING which is a bank in Netherland. This bank has revamped the Zero-Knowledge proof to introduce their own Zero-Knowledge range proof which reduces the demand for higher computational power.

With this covered, let’s make no more hassle and cover the core part of the article, i.e, possible implementations of Zero-Knowledge Proof in the Blockchain world.

How Can Zero-Knowledge Proof (ZKP) Be Implemented in Blockchain?

  1. Authentication. As you can learn from the example shared above, Zero-Knowledge Proof helps build Blockchain networks where users need not share sensitive information for performing any transaction. Something that lowers the risk of data leakage.
  2. Messaging System. In the current mechanism followed by messaging systems, users have to reveal some sensitive information to the server for identity verification. But, when ZKP is introduced in the process, users aren’t required to share extra information for building end-to-end trust.
  3. File System Control. Zero-Knowledge Proofs concept can add numerous security layers to files, logins, and even users. This can make it tough for everyone to hack or update the stored information.
  4. Complicated Documentation. Lastly, Zero-Knowledge proof will increase the chances of data encryption in small chunks. It will also offer access to certain users while impeding access to others. This can further help in protecting complex documentation from unauthorized users.

So, these were some of the ways the concept of Zero-Knowledge Proof (ZKP) can be introduced in the blockchain system and make the transactions unhackable. However, this is again not an easy task. Various challenges are associated with the process of collaborating the concept into the blockchain development process. So, it is advisable to bring an experienced blockchain developer on board for reaping higher benefits with this integration.

Article Produced By
CoinSpeaker Staff


Bitcoin Price Is Struggling to Scale $10,000 but It Could Explode Due to Halving

Bitcoin Price Is Struggling to Scale $10,000 but It Could Explode Due to Halving

While BTC is rather unstable today, according to Google Trends data, as well as to other factors, we can suggest that the Bitcoin halving in May will cause a spike in the BTC price.

As Bitcoin’s upcoming halving draws closer, the market seems to be factoring it into every decision and discussion being had. The halving is expected to do a lot for the Bitcoin price because of the scarcity it inevitably ensures. Regardless, while many people are optimistic that the price of Bitcoin will surge because of the halving, there are a lot of people who believe that the halving has been priced in and will not make much difference when it happens. However, Google Trends data suggests that the Bitcoin halving will spike prices.

Bitcoin Halving Queries on Google Trends Is Increasing

People usually use Google Trends data to measure general interest in something or predict behavior. The premise here is simple. If search queries for something are increasing then there is renewed and growing interest in it. For the Bitcoin halving, related Google Trends data shows an unignorable surge in interest. The data shows that for more than a few months, there wasn’t a lot of interest in the halving event. However, beginning in December, things began to change significantly and interest started to surge. At the time of this surge, the Bitcoin price was far from encouraging. Evidently, that wasn’t enough to sour interest about the halving.

Previous Google Trends Data for Bitcoin Halving

A similar occurrence happened in 2016, the year of the last halving. Just like right now, the Bitcoin halving queries on Google Trends also increased continuously at the time. It continued increasing until it peaked just shortly after the 2016 halving. Current data shows that Bitcoin halving seems to have peaked at a 100 score. Pound for pound, Google Trends data might be a good enough predictor and shows that investors are in for a treat.

Current Bitcoin Price Trajectory Is Similar to 2016’s

Another factor to consider as the halving comes up, apart from Google Trends data, is the similarity in price movement. Bitcoin is swinging relatively similar to its past trajectory at the last halving. Firstly Bitcoin hit the 200-week moving average (MA) support in August 2015 and December 2018. Since the last time, it’s been 427 days. This is similar to 2016 because 427 days since the first support line achievement in August 2015 puts us in November 2016, after the last halving.

Other Factors

An analyst on Twitter, @KingThies, suggests that even though Bitcoin has dropped to levels around $9,600, its well on its way to $11k. King Thies cites the Bollinger Bands Width Squeeze which shows how heavy prices swing. According to him, the recent downswing will precede an upswing to $11k. Even with all of that, there is some worry about the drop below $10,000. Adding to the volatility, a tweet from on-chain intelligence analyst @thetokenanalyst reports that 600 BTC, about $5.8 million was deposited into BitMEX in one single transaction. There is the worry that a movement like this will further make Bitcoin unstable.

Article Produced By
Tolu Ajiboye

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.


The CIA Secretly Owned Crypto AG, Did They Secretly Create Bitcoin? (Opinion)

The CIA Secretly Owned Crypto AG, Did They Secretly Create Bitcoin? (Opinion)

“It was the intelligence coup of the century.”

That’s the assessment of the CIA in a classified report obtained earlier this month by an investigation of the Washington Post. The Post made stunning revelations in a report headlined, “How the CIA used Crypto AG encryption devices to spy on countries for decades.” Crypto AG was a Swiss encryption company. It made millions of dollars since World War II selling encryption devices. The governments of over 120 countries bought Crypto’s devices well into the 21st century.

Operation “Thesaurus”

But the Washington Post made the stunning revelation in early Feb 2020 that the information security company was secretly owned by the CIA. And the Central Intelligence Agency had built back doors into the encryption methods so it could easily decode messages and spy on foreign governments’ most sensitive communications. Governments the world over trusted Crypto AG to encrypt communications for their military, diplomats, and spies. Among Crypto AG’s clientele were Iran, military dictatorships in Latin America, India, Pakistan, and the Vatican.

Who Is Satoshi Nakamoto?

From 1970 forward, most of the world’s governments were unwittingly handing the CIA their money and also their secrets. These revelations about this stunning and audacious CIA signals intelligence operation beg the question: Did the CIA create cryptocurrency? We still don’t know who invented Bitcoin. Its creator has remained anonymous to this day. The inventor of Bitcoin published the Bitcoin whitepaper under the pseudonym, Satoshi Nakamoto. And they posted to the Bitcoin Talk forum under that moniker. Could Satoshi Nakamoto be the Central Intelligence Agency?

Did The CIA Create Bitcoin?

There’s no conclusive evidence of who Satoshi Nakamoto really is. That remains a mystery to this day as far as the public is concerned. (Craig Wright’s objections to the contrary notwithstanding.) The following evidence that Satoshi Nakamoto might be the CIA is circumstantial, and the conclusion is speculative. But if it’s not compelling, this evidence is certainly captivating. And the Crypto AG revelations show just how plausible it is that the CIA could have created Bitcoin as part of the monetary coup of the century.

Evidence That Satoshi Is The CIA

To begin with, Bitcoin is based on technology created by the National Security Agency (NSA). The NSA’s Secure Hashing Algorithm 256 (SHA-256) is a lynchpin of Bitcoin Core, the software that turns a computer into a Bitcoin node. SHA-256 is a one-way hashing function that compresses and encrypts a string of any length into a unique 256-bit signature or hash. The original string cannot be determined from the hash. And it’s impossible to guess what SHA-256’s output will be for any given input. So it’s functionally random. You can enter Abraham Lincoln’s Gettysburg Address into it and get one hash, then change a single letter and enter it again and get an entirely different hash.

None of this proves the CIA created Bitcoin. The NSA published SHA-256 in 2001. So non-CIA coders could have taken it up and used it to make Bitcoin. But after Crypto AG, it does make one wonder if there’s some kind of back door into SHA-256. Perhaps more incriminating is the meaning of the name Satoshi Nakamoto in Japanese. Nakamoto actually means “Central” or “Middle.” Satoshi means “Enlightened,” “Wise,” or “Intelligent.” These are facts. Satoshi Nakamoto means Central Intelligence. That could be a joke by its non-CIA creators, or it could be the CIA’s calling card.

Article Produced By
Wesley Messamore

Econ, finance, history, and politics nerd. Bachelor of Business Administration. Majored in Entrepreneurship. Wesley loves blockchain and hashbrowns.


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