The Technology used for the Digital Currency

A currency that does not have a mediating institution like governments or banks is completely free.

As a result, a government cannot stimulate its inflation, for example, by “printing” more bills. For this reason, the market itself with its supply and demand law will dictate the dynamics of Bitcoin.The lack of mediation on the part of a financial institution also reduces the values ​​for transactions and speeds up the speed of the procedures.You spend on transport to the bank and in addition to the time spent on transportation Currently online transactions require mediation from financial institutions, with Bitcoin the process will be as simple when buying a product with a banknote in a physical store: Imagine buying a shirt for R $ 50.00 at a physical store: you hand over a ballot with that amount, withdraw your product without the need for a bank to mediate the purchase. Likewise, it is the virtual transaction with cryptocurrency, that’s why it has become more popular; it is cheap and fast because it is P2P.

Bitcoin blockchain and way to use it

Just as a Real note has protection technologies, virtual money must also have it. Real’s new banknotes have holographic stripes, high relief, fluorescent elements, security wire, watermark, puzzle, microprints and a hidden number; it’s a lot of technology to prevent counterfeiting isn’t it!? Likewise, so that virtual money is not cloned, it is protected by a set of principles and techniques called cryptography. Cryptography: it is a set of techniques that aim to encrypt information so that it can only be read by those who know the code, ensuring the security of the information. To make a metaphor, it would be like sending a locked chest to a friend by means of a messenger: he will take the chest to the other person, but he cannot open it, only his friend who has the key will be able to see what is inside. Use bitcoin-up.live for the all kind of the bitcoin trading needs.

Why does Bitcoin use the P2P system?

Bitcoin is an online currency with P2P (peer to peer) payment traffic, meaning that it does not need a central intermediary server. What is the advantage of this? Think of traditional financial transactions In addition, the data related to the transactions are stored until they can be validated by the so-called miners and this process happens in a transparent way: the code is free, so it is possible for anyone to access the information to check its validity. In the digital environment, data can be copied, changed and exchanged. The blockchain was the solution to eliminate the first two characteristics: a person cannot spend 1 BTC twice or say that he sent you 10 BTC but transfer only 0.01 BTC Essentially, the hash takes a large amount of data and turns it into a small amount of information. It is the “fingerprint” of some file, or, in the case of the blockchain, of a block. In this chained block system, this fingerprint is essential.

The hash will sign the contents of the block; if any information is changed, the hash changes. When you generate a new block that also contains the hash of the previous one, it creates a kind of seal: it is possible to check and signal if any block has been altered, to then invalidate it. So P2P (peer to peer) system used in bitcoin make it easy to do transactions. Each blockchain network also has “nodes”, which group participants who have the same interest; in bitcoin, it’s transferring money. These nodes can be either transactional, which write or generate blocks, or miners, who check whether the written block is valid. The computational process required for mining actually involves adding hardware that continually and The blockchain is so secure by a proof of work consensus (PoW) mechanism that uses processing power to solve very complicated mathematical calculations to ensure that the block’s cryptographic hash is valid. When someone solves the operation and manages to validate the block, he receives a reward – the other people in the network can also confirm that the result is correct.

Article Produced By
Zerocrypted

https://zerocrypted.com/the-technology-used-for-the-digital-currency/

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Gemini vs Coinbase – which one is better?

Gemini vs Coinbase – which one is better?

Gemini vs Coinbase – which one is better?

According to a recent report, cryptocurrency searches have almost tripled over the last six months. This is in light of the current COVID-19 pandemic which has brought the world to its knees. People are fully aware that the ongoing crisis is going to adversely affect the economy hence they are looking for a haven to store their wealth. Normally they would turn to gold, but as they say “cryptocurrencies are the new gold.” This leads us to the next very critical question; what is a cryptocurrency? I would like to believe that most of my readers have come across this term before because cryptocurrencies have been making headlines and grabbing so much attention lately. However, for those who have never heard of this term before, you have so much catching up to do; but don’t you worry because I’ve got you covered.

Cryptocurrencies are digital coins whose operation is exclusively online.

Most of them do not have a physical representation. Also, they have the same uses as the fiat money we are accustomed to. Some common cryptocurrencies include Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Monero. One of the many ways in which cryptocurrencies differ from traditional money is in the way that they are acquired. While traditional money is distributed by central banks, cryptocurrencies are bought from online exchanges. As a beginner in crypto, you need an exchange that is user-friendly and available in your country. Very many people want to embark on their cryptocurrency journey but do not know just where to start. Today there are very many exchanges to choose from; Gemini and Coinbase are two of the biggest and most trusted exchanges out here. The following “Gemini vs Coinbase” review explores the two exchanges in such a way that you will be able to make an informed decision about which one suits you best

Gemini vs Coinbase: what is Gemini?

Gemini is a well-respected cryptocurrency exchange which was founded in 2015. Its mane is a reference to the zodiac sign that depicts a pair of twins which is quite clever because it is the brainchild of the Winklevoss twins. Its creators are two of the earliest investors in Bitcoin. With its headquarters in New York and strict compliance with existing regulation; the exchange has quickly become a favorite among high-volume investors and institutional traders. One of its outstanding features is that it offers extra security to its users, unlike most other exchanges. This exchange is all-rounded; it allows its users to purchase cryptocurrencies using fiat money which is not the case for many exchanges. It also offers an “on and off-ramp” to cryptocurrency making it a direct competitor with the likes of CEX.io, Kraken, and Bitstamp. It also offers users a lot of extra security features that are lacking in many exchanges.

Distinctive Features

  • Has highly respected staples of the cryptocurrency industry
  • Offers both bank and wire deposit options
  • Responsive customer support
  • Allows both cryptocurrency and fiat money withdrawals
  • Offers advanced trading options in the form of different kinds of buy and sell orders
  • Within the US, it accepts deposits made using Automated Clearing House (ACH)
  • Gemini supported states include Hong Kong, Puerto Rico, South Korea, Canada, and the US
  • Accepts both cryptocurrency and fiat money
  • Offline storage of cryptocurrency and fiat money to protect from hacking

Coinbase Vs Gemini: what is Coinbase?

Coinbase is arguably the most popular digital currency globally. Its headquarters are currently in San Francisco, California and it was established by Fred Ehrsam and Brian Armstrong in 2011. Coinbase is user-friendly and easy to maneuver as compared to other exchanges. It also offers various options for buying and purchasing different digital assets. Most cryptocurrency exchanges are advanced with sophisticated buying and selling options such as ‘limit orders’ and ‘market orders’. It is the absence of these sophisticated features that make Coinbase well suited for beginners. Once you get accustomed to the exchange you can then progress to GDAX which is a more advanced platform that is associated with Coinbase.

Distinctive features

  • Available in over 100+ countries including USA, UK, Canada, Singapore, and Australia
  • It offers very responsive customer support
  • Deals with both cryptocurrency and fiat money
  • Offers simplified instant buying options
  • Bitcoin Cash and Litecoin are available
  • Both the money and cryptocurrency are stored offline for protection from hacking

Gemini vs Coinbase: How is Gemini better than Coinbase?

  1. Better security

First of all, both exchanges take their customers’ protection very seriously and have additional security measures in place. They both separate the users’ money from the money which they use to operate. And also enforce the two-factor authentication which decreases the likelihood of an account being hacked or phished. Those are just a few of the security measures that both exchanges have put in place.

Gemini however, takes some extreme measures to secure its customers’ funds. They have secured the few digital assets that are stored online in a hot wallet using Amazon Web Services which high level of security controls. Also, only high-level employees can access the coins stored on hot wallets not to mention the hot wallets are accessed through multi-factor authentication (more advanced than two-factor authentication). They use two-level cold storage whose access to cold storage requires the simultaneous actions of more than one employee, thus increasing security. Both hot and cold wallet keys are secured on hardware that has passed a high level of security checks. Lastly, security hardware comes from different manufacturers to prevent supply-chain issues. These extreme measures could be the reason why it was picked by the Chicago Board Options Exchange to settle its Bitcoin futures in 2017. Its high-security precautions make it a better alternative for professional traders who store large volumes of cryptocurrency. However, be advised that exchanges are not suitable for long term storage.

2. Lower fees

Gemini outperforms Coinbase when it comes to fees; they are your best bet to save as much as possible on fees. It does not charge fees for deposits or withdrawals and it only charges a 0.25% or even less fee for trading. Coinbase on the other hand charges around 1.49% for bank transfers and purchases and 3.99% for credit/debit card purchases. Thanks to their very low fees, Gemini is the best alternative for high-volume traders. Most professional traders feel that Coinbase eats a very huge chunk of their profits.

Coinbase vs Gemini: How is Coinbase better than Gemini?

  1. User-friendliness

Coinbase certainly beats Gemini when it comes to user-friendliness. Their website is not only easy to maneuver but also quite responsive. They offer an immediate option for buying and selling digital coins. You can signup, make a deposit into the site and successfully buy your first cryptocurrency in just a matter of seconds. Although the registration at both Gemini and Coinbase is pretty much alike, Coinbase is much easier for a beginner to maneuver. There are no confusing terms, you just log in and conduct your transactions. Gemini is friendlier for experienced traders because it has more advanced features; it offers a clutter-free interface, clean and the options are set out. However, for an absolute beginner, Coinbase is the charm.

  1. Higher trade volumes

Most new users make their first few purchases using Coinbase because it is very user friendly; it is therefore not surprising that the exchange trades more coins than Gemini. For instance, in 5 months. Coinbase can trade over 5.20 BTC while Gemini only trades 1.7 BTC.

  1. Coin availability

While both platforms offer a small variety of cryptocurrencies, Coinbase has a better coin availability than Gemini. They provide Bitcoin, Ethereum, Litecoin, and Bitcoin Cash; while Gemini provides Bitcoin and Ethereum only. This makes Coinbase a better option for traders who prefer to deal with a wider variety of coins.

  1. Extensive deposit methods

Coinbase and Gemini both have different ways of funding their customers’ accounts. However, Coinbase offers more extensive deposit methods; their customers can buy their digital coins using a debit card, a credit card or a bank transfer. While Gemini only offers the bank transfer option. Cryptocurrency deposits are welcome for the specific cryptocurrencies supported by either exchange. Withdrawals follow the same deposit methods for either exchange.

  1. Offers higher purchasing limits

Coinbase does not give any clear limits on new customers; instead, these limits are dictated by factors such as account verification, buying history and account age. The customer’s limit is shown on his/her account’s verification page. Bank transfer limits can reach up to $5,000 per week while credit card limits can go up to $60 per week. Gemini, on the other hand, has predefined bank transfers purchasing limits of $ 500 per day. Therefore, Coinbase is your better option if you are looking to immediately lock in a price higher than $500. Lastly, both Gemini and Coinbase offer wire transfers for those users looking to deposit larger sums; though prior direct communication with them is mandatory.

Conclusion

There you have it! Our complete guide of Gemini vs Coinbase. I hope that helped in distinguishing between the two exchanges. Coinbase is recommended for beginners; despite its high fees the convenience and user-friendliness are commendable. It is also the best option for you if you want to use a credit card. Gemini, on the other hand, is best for experienced traders, those who want to take their trading to another level. It is also a great option when it comes to saving on fees. With both sites being trustworthy, secure and very responsive to their customers; the winner of the Gemini vs Coinbase battle boils down to the user’s needs and preferences. What do you think? Which one is better? Is it Gemini or is it Coinbase?

Article Produced By
Zerocrypted

https://zerocrypted.com/gemini-vs-coinbase-which-one-is-better/

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HOW CAN YOU IMPROVE ON YOUR MARKETING EFFORTS?

HOW CAN YOU IMPROVE ON YOUR MARKETING EFFORTS?

MARKETING HAS EVOLVED OVER THE LAST 100 YEARS, SO WHAT'S NEW?

I came across an interesting theory by Mark Schaefer, Blogger, and Keynote Speaker of all things marketing, and I thought it was quite on point. This puts a broader perspective on how we conduct our marketing efforts and how things have changed over the last 100 years. 

The role of marketing is changing dramatically. We are in the third rebellion where consumers are now in control. The customers are telling our stories. The customer is the marketer.

Back in the 1950s, advertising was a promise to consumers. An extraordinary promise and generally people just took the advertisers at their word. They’ve believed their claims. Advertising started to heat up and as the competition became more fierce, these claims became more remarkable until they became just lies. So the first consumer rebellion was "the end of lies". 

 

The advent of the second rebellion came around the mid-’90s by the sound of a phone line dial tone connecting to the internet signal. It was the dawn of the information age and enabled by technology, where anybody could gather info on any company or government that left the companies terrified. Now the consumers can do their own research, compare products and claims. This was the second rebellion, led by technology, "the end of secrets".

Now we’re in the third rebellion, "the end of control". Today we are experiencing that consumers are now in control. They are a lot more skeptical about what they’re are being told through bold advertisements, so now what? What does a business do to win over a customer these days? 

Before the internet, we mostly kept our brand experiences to ourselves. Maybe we told a few people in our innermost circles. Only a minority of people were motivated to complain or compliment the brand, wrote, or called the company. Once the internet arrived, a few more emailed companies their thoughts.

Then came social media.

Image by contentgroup 

 

In the mid-2000s as Facebook, Twitter, and YouTube launched, marketers discovered that not only could they advertise there, but consumers could express their feelings and share their experiences with brands there. Suddenly consumers had the same kind of broad media platform that brands had enjoyed for years. Social media reversed the communication flow of brand messages and turbocharged it.

Social media is producing little pockets or groups of consumers engaging and sharing positive or negative information about their experiences of any given brand or company.  Markets are now conversations and customers are in control of those conversations. Businesses can no longer buy their way in, they need to be invited and that’s what marketing is about today. 

 

How Can We Connect With Potential Customers?

We can go to the core of where our customers are who are sharing their thoughts or grievances with their peers. By listening and engaging more on channels such as social media, customer support, forums, and the like, we can experience and understand the consumers’ point of view. 

Connecting with them through writing blogs and articles, consistently, of interesting and relevant information will create an authoritative presence, perhaps meet a customer’s need and provide a solution that perhaps can’t be recognized in a short advertising message. This is otherwise known as content marketing which can create conversations and is a good way to be invited into the consumers’ hearts and minds. 

We can’t always control what people think of our brand, but we are able to influence it and reduce any negative experiences by being present and mindful of consumers’ perspectives. It’s a known fact that solving problems can have a greater impact on the individual who will sing your praises and even become a loyal advocate. The humanity that causes consumers to brand experiences also promotes understanding, forgiveness, and enthusiasm. 

BE MORE HUMAN in everything you do and every engagement you make. It’s about building relationships and connecting at an authentic and genuine level. The most human company wins. 

  • It’s not just about our “why.” It’s also about their “why.”
  • What is their “purpose”? Many people only buy based on their beliefs.
  • Technology should be used to help your company be more compassionate, receptive, fascinating, and useful.
  • Marketing isn’t about making promises. It’s about keeping promises.

 

Content Marketing Of All Types Still Rule

There are many different forms of Content Marketing, such as blogging, video tutorials, digital media, email newsletters, white papers, free reports, etc, and yet many people are confused about the entire concept. 

Content Marketing means creating and sharing valuable free content to attract and convert prospects into customers, and customers into repeat buyers or loyal followers. The type of content you share is closely related to what you sell, whether it’s a product, a belief, a cause, or a corporate or personal brand. In other words, you’re educating people so that they know, like, and trust you enough to do business with you. 

All businesses are now coming online as part of the next normal searching for different and various ways to not only make their presence known but also to offer the best experience for their prospects. Content marketing is a proven way to build an audience that builds your business. Here are some basic principles to note;

  • People generally don’t want “advertising” when making purchasing decisions, they want valuable information. 
  • It’s content that people desire and seek out, and it’s great content that Google wants to rank well in the search results so those people can find your business. 
  • It’s content that spreads via social networks, generating powerful word-of-mouth exposure for savvy content marketers. 
  • It’s beneficial content that is the best way to achieve what advertising is supposed to achieve but doesn’t do so well online getting people to know, like, and trust your brand.

 

Remember, content drives the Internet, and consumers are looking for information that solves a problem, not an immediate sales pitch. Think about how to create content that makes your customers’ lives better, then the trust, credibility, and authority that content marketing creates knocks down sales resistance, all while providing a baseline introduction to the benefits of a particular product or service. 

If your content looks like an advertisement, it will be overlooked or thrown away. Make your “advertising” too valuable to throw away by wrapping it in wonderfully beneficial, readable content.

The individuals and businesses that are having the most success online tend to have a high ratio of valuable content that seemingly has no sales agenda, and mixed with periodic promotional messages. They tend to build on a number of blogs answering any questions or allaying any objections they feel a reader or prospective buyer might have even before they realize they need or want to buy a product or service. 

You will still need a strong call to action to close the sale, the trick is to keep the balance right. Use your content to build a desire for your product and create a steadfast relationship with your audience, then ask for the sale. 

Producing stellar content for your marketing is great, but that’s only one part of the equation…

 

The Other Part Of The Equation

Your content must then be properly leveraged to help you acquire customers. Even great content doesn’t distribute itself. It needs a vehicle for people to pass it along or share it, discuss its merits, hash over its controversies, blog it, mash it, tweet it, and even swipe it. 

Social media is a prime platform to distribute your content along with digital media, and the vehicle to get your content out to multiple platforms across the internet is the next generation inbound marketing platform and social network, Markethive. But blockchain-driven Markethive is more than just a vehicle, it’s a place to call home when writing your content. It’s your property and cannot be confiscated.   

As Markethive moves forward with its integrations, and upon joining, you receive a (CPanel), control panel, and WordPress system built into your assigned domain, a subdomain of hivesfeed.com AKA username.hivesfeed.com. This way you control all your content, without the worry or hassles of government overreach, and anti-freedom regulations designed to stifle the start-ups and the small entrepreneur. And let’s not forget digital sharecropping…

Digital sharecropping is a term coined by Nicholas Carr to describe a peculiar phenomenon of Web 2.0.

“One of the fundamental economic characteristics of Web 2.0 is the distribution of production into the hands of the many and the concentration of the economic rewards into the hands of the few.”

In other words, anyone can create content on sites like Facebook or LinkedIn, but that content effectively belongs to the company. The more content we create for free, the more valuable the company becomes. We do the work, they reap the profit. So effectively, these companies become your landlord.

What if you moved all of your marketing to a site like Facebook? It’s local, it’s free to sign up, and it makes businesses feel like they’re doing something avant-garde.

But what happens when Facebook thinks you’ve done something that violates their terms of service and deletes your account? Or changes the way you’re allowed to talk with your customers?

“If you’re relying on Facebook or Google to bring in all of your new customers, you’re sharecropping. You’re hoping the landlord will continue to like you and support your business, but the fact is, the landlord has no idea who you are and doesn’t actually care.”

 

Build Assets You Can Control

Many content creators and bloggers have put millions of hours into their craft only to find it deleted and their internet presence and followers wiped out… myself included. But providing you have a safe haven to create and publish your content, then platforms like Facebook, Google, LinkedIn, Twitter, Pinterest, and many more search and social sites are all superb tools to add to your marketing mix.

The thing is you will want to spend most of your time and creative energy building assets that you control.

 There are three assets you should be building today and should continue to focus on for the lifetime of your online business or creative passion you want to share and continually build a following, which Markethive can help you with…

  1. A well-designed website or storefront with your own domain.
  2. An opt-in email list with a high-quality autoresponder
  3. A reputation for providing impeccable value

 

Free System – Free Speech – Autonomy

What makes Markethive different is that it’s built on a transparent blockchain system, the platform is completely decentralized delivering on our principles of privacy, transparency, autonomy, and free speech. Markethive is not spying on you, shadow banning you, or terminating accounts because of your opinions or beliefs. 

Whether you’re a Trump supporter or cryptocurrency enthusiast Markethive has no hidden agendas. We are a collaborative community that wants everyone to succeed in their own right. Furthermore, with the KYC and wallet coming into play soon, fake and hacking accounts that can result in the termination of an unwitting and innocent individual along with years of their hard work, will be a thing of the past and left behind with the social media of Web 2.0. 

 

Monetizing Your Personal Brand On The Internet

Monetizing your personal brand can take a considerable amount of time. Many aspiring bloggers and podcasters have the misconception that they can make money from their newly created blog or podcasting platform in a matter of weeks or months, but you need to build a sizable audience that cares about you and that just can’t happen overnight. 

Successful people across a wide range of industries have stated it takes tenacity, persistence, and resilience and you need to adopt a three-year mindset to achieve meaningful success with your personal brand. You just establish your voice, create that content, and keep grinding it out, year after year. Eventually, if you work hard and stick with it, you can gain enough critical mass to monetize an audience. It’s not that easy.

 

Monetizing Your Personal Brand On Markethive

By utilizing Blockchain Technology, Markethive is able to reward the hardworking content creators by paying you for writing and publishing your blogs instantly and continuously. This is all part of the micropayment faucet system within Markethive. Additional benefits include receiving MHV Coin by your readers which adds more value to bloggers who have increased subscriber levels.

Furthermore, Markethive pays you to sign up, it pays you to use the social media platform with every post and activity you perform. It also pays you to promote it. Remember Markethive is built on the Blockchain and this is why they can pay you and offer you the security and privacy other platforms don’t. This makes it so much easier to earn an income online while furthering your influence and building your personal brand with no fear of ever having it taken away from you. 

Go sign up, it is free to use all the marketing and blogging tools, get paid 500 MHV Coins on joining and enjoy the tipping feature. Yes, that’s right, we at Markethive “Tip” Instead of “Like”. It stands to reason if they tip you they like you. This is creating universal income for all entrepreneurs who are active.

The Complete Social Market Network of Web 3.0

Markethive, The Complete Social Market Network that is built for the people, is becoming well-known for its generous Infinity Airdrops and continuous micropayments faucet system so it really does PAY to be active and engaged. 

By joining Markethive you build relationships with thousands of other like-minded individuals who are actively building a business, blogging, researching, building an audience and their personal brand, etc. basically being “entrepreneurs” and advancing their businesses. You can join with these people as friends, group members, and subscribers of theirs via Blog Casting, Blog Sharing, and Blog Swiping. 

The Markethive Community is exploding and at the heart is a collaborative and supportive ethos that gives a real helping hand to those that are just starting out and is a treasure trove of new technology revenue-generating systems for the seasoned marketer. 

 

ecosystem for entrepreneurs

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

Resources: Mark Schaefer; Copyblogger

 

 

TP

Theta Cryptocurrency Has Surged Far More than BTC

Theta Cryptocurrency Has Surged Far More than BTC

Bitcoin has been on fire lately, but there are other smaller currencies that are virtually on fire, one being Theta.

Theta Is Growing Like No Other Coin

The digital currency industry is full of small coins that very few people have heard of. One – called Theta – has jumped by more than 1,000 percent since reaching new lows in early March. The currency is leading a bullish wave that appears to be making its way through all corners of the cryptocurrency space. 1,000 percent is quite huge, especially when put in perspective against the bullish jumps incurred by other currencies. Bitcoin, for example, has shot up by only 120 percent since March, suggesting the younger, smaller altcoin has exuded more power in many ways.

The jump follows news that the coin’s creator, Theta Labs, has entered a partnership with search engine giant Google, which could be announced as early as today. Theta is widely referred to as a “decentralized streaming video protocol.” It’s partnership with Google will undoubtedly put it in line with YouTube, which Google owns. Theta is slated to offer its users the chance to provide bandwidth and computing resources to outside parties for digital rewards. No doubt the currency has been on a roll these past few months. Theta has also joined hands with Samsung Galaxy to bring Theta.tv to its mobile devices. Samsung announced that it would be adding the application to roughly 75 million devices, while many future phones will come with the app already programmed into them. Theta Labs co-founder and chief executive Mitch Liu commented on the partnership with Samsung,

explaining:

Our groundbreaking approach to streaming is a perfect fit for Samsung’s worldwide user base. It’s a huge step toward our goal of making Theta a global infrastructure for video content and data delivery.

Theta is joined by several altcoins on the bull train. One of the most recent assets to experience several jumps include OmiseGO, which has since surged by roughly 230 percent, nearly double that of bitcoin. The currency was added to Coinbase’s trading platform, allowing users to sell, buy and exchange the asset like they would Ethereum, bitcoin cash, or any other currency that’s available through the U.S.-based company. Coinbase has stated that it is constantly being asked by clients to add more coins to its growing roster of digital offerings.

Are Smaller Coins Trying to Distance Themselves?

Some analysts believe that the heavy jumps many of these smaller cryptocurrencies have exhibited over the past few months suggest they are trying hard to separate themselves from the market. Executives at Luno – a U.K.-based bitcoin and crypto trading platform – explained in a note

to clients:

The small caps index is now up more than 15 percent so far in May, while the other indexes are struggling to even be in the green this month.

Article Produced By
Nick Marinoff

https://www.livebitcoinnews.com/theta-cryptocurrency-has-surged-far-more-than-btc/

TP

Canadian Crypto Companies Now Provide Insurance on Digital Deposits

Canadian Crypto Companies Now Provide Insurance on Digital Deposits

Two bitcoin-based companies in Canada, Bitbuy and Knox, are working together to offer clients full insurance on all their deposits.

Knox and Bitbuy Join Hands Over Insurance

Lagging insurance protocols have brought the cryptocurrency space down for years. This could arguably be why so many institutional players and others have been reluctant to get involved in digital currency trading. While these assets are prone to volatility, the space has also been very vulnerable to theft and cyberattacks. Many times, large examples of theft make their way into the space, thereby resulting in millions of digital dollars lost forever. The bad thing about this isn’t just the fact that the money was taken. It’s that many exchanges, being decentralized and unrecognized by financially governing authorities, cannot and do not offer any form of insurance on the deposits made. Thus, whatever money is gone is usually gone for good. Bitbuy and Knox are looking to change that. Both companies met in 2018 at a Toronto conference. Adam Goldman – founder and president of Bitbuy –

explained in an interview:

Our two companies are strongly aligned on the direction of the industry, including consumer protection and regulatory advancements. Our partnership is the result of a collective commitment towards establishing a transparent framework for safekeeping client assets.

Knox is working with its respective insurance broker Marsh to provide both theft and technical insurance for any customer that happens to lose funds due to outside parties or forces. CEO Alex Daskalov is hoping that this maneuver will help to propel bitcoin and the cryptocurrency space deeper into mainstream territory, and he believes other companies will strive to follow in both Knox and Bitbuy’s footsteps.

He states:

It is difficult for a customer to engage technical due diligence on an exchange, and we have always believed that systems should be vetted by competent third parties so that customers have a ready source of safety signals. For that, we believe that Bitbuy succeeding in becoming the first exchange to hold bitcoin in a comprehensively insured setting is a major step up for both the Canadian and global exchange space.

Bitbuy and Knox are continuing a trend in the crypto space that is still relatively new. Very few crypto-delving companies offer insurance relating to digital assets, though there are some out there. Some of the names that come to mind include Chubb, XL Catlin, and Mitsui Sumitomo. They offer these services to customers seeking to store digital currency on associated changes.

Paving the Way for a Safer Future

Still, crypto coverage via insurance is not “the norm,” and Dean Skurka – head of finance and compliance at Bitbuy – is hoping this will change over time.

He says:

Industry standards and consensus best practices are integral while regulators evaluate their jurisdictional claim over our industry. Two Canadian companies coming together to help establish these standards represents a big step forward.

Article Produced By
Nick Marinoff

https://www.livebitcoinnews.com/bitbuy-and-knox-to-offer-insurance-coverage-on-crypto-deposits/

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How Do You Turn a Profit With Your Available Coins?

How Do You Turn a Profit With Your Available Coins?

 

Most importantly, you can earn money by saving your cryptocurrency in your online account.
The best part of this Locacoins service is that it is automated.

Earning on Savings

Since the services are automated, a huge number of users across the planet can access the services. The daily transactions exceed the reserves available by far. As a result, clients have a chance to transfer their funds using exchange operations. More people have trusted the service and utilized the functionality, which eases the exchange operations.

Expected Returns

You can expect to see amazing returns here. For example, an average of 5 to 6 exchanges per day is guaranteed by the service. Moreover, the average rate of commission used on exchanges is 1%. The best part is that Locacoins shares half its commission, giving the clients a chance to gain between 2% and 3% each day. You may join the rest of the people making money by deciding to join Locacoins services. You may send, receive, exchange, and store funds to increase your earnings and expand your cryptocurrency reserves.

Article Produced By
Bitcoin News

https://www.livebitcoinnews.com/how-do-you-turn-a-profit-with-your-available-coins/

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Could Visa’s Planned ‘Digital Fiat Currency’ Spark the Emergence of Crypto-Fiat Hybrids?

Could Visa’s Planned ‘Digital Fiat Currency’ Spark the Emergence of Crypto-Fiat Hybrids?

As the benefits of blockchain become increasingly apparent to central banks and institutions around the globe,

mainstream financial actors are looking at ways to merge their traditional practices with crypto technologies. Such was the case earlier this month when the payments giant Visa announced it had filed a patent for a new ‘digital fiat currency’ that would exploit the benefits of blockchain whilst still be backed by traditional fiat currencies, namely American dollars. According to Visa’s CEO, the hoped-for currency would benefit from faster transaction times, greater transparency, and volume control. At the same time, the currency would avoid cryptocurrency hazards such as volatility and lack of regulatory oversight by being backed by traditional fiat currencies.

Should Visa’s plan take off, it could very well represent a turning point in the future of money, offering a bridge between fiat and crypto that could benefit millions of users around the world. Such plans are likely to gather an increased sense of urgency in light of the ongoing COVID-19 financial crisis, which has sent currencies around the world into historic levels of volatility. One of the most notable financial developments in the recent crisis, has been the haemorrhaging value of emerging market fiat currencies, with the Mexican Peso, Brazilian Real, and South African Rand all losing more than 20% of their value against the dollar since February. As this comprehensive guide to Forex trading explains, the value of currency pairs on global trading markets is intensely vulnerable to global news events. As mounting fears of a protracted recession grew earlier in the year, emerging market currencies took a huge hit as investors piled into the ‘safe haven’ currency of the US dollar.

This, in turn, makes borrowing, commodity trading, and debt servicing more expensive for emerging economies, as all of these activities are typically done in dollars. The result, as we have seen, is a vicious cycle which depreciates the value of these currencies further. Compare and contrast this with the performance of cryptocurrencies since the onset of the current crisis. Heavy hitters such as bitcoin took an initial, albeit more modest hit to their value at first, before rebounding to the point where their price has stabilized to pre-crisis levels. This development highlights how the structure and nature of cryptocurrencies can prove beneficial and preferable to fiat in times of crisis, something that Visa will likely attempt to capitalize on with their planned hybrid currency.

For one, the use of currency attached to a digital blockchain ledger has been proven to increase financial participation in emerging markets, ensuring easier access to the cash and credit that people need in times of turmoil. In addition, the instant transfer capabilities of digital currencies could help developing economies overcome the hurdles associated with limited access to much-needed, stable American dollars. With a hybrid e-currency that is pegged to the USD, emerging economies could avoid the ‘vicious cycle’ that compounds economic woes during global crises.Of course, whether such options will materialize depends on how successful initiatives like Visa’s turn out to be. Watch this space to find out. 

Article Produced By
Coinpedia Staff

This is an official account of Coinpedia.org, used to publish guest posts including Press releases and other related news. It is also used to update information on wallet, tools and DEX.

https://coinpedia.org/news/visas-planned-digital-fiat-currency/

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Blockchain in China could be explored in diverse fields as many sense the necessity

Blockchain in China could be explored in diverse fields as many sense the necessity

The Chinese People’s Political Consultative Conference(CPPCC),

the advisory body of the Republic of China, recently emphasized the need for the adoption of the blockchain technology in various sectors in the country. China is one of the countries to be recognized as one of the fast countries to adopt blockchain technology and implement it in various streams.

Need for Blockchain in Fresh Areas

The potential of the blockchain went recognised and the possible applications in all sectors were been analysed. The unique features of the blockchain attract various use cases. The representative of the National People’s Congress, Qian Fangli, stated the possible use of blockchain in risk control management. He said, “Make full use of blockchain to establish an intelligent risk control model.” The member of CPPCC, Cheng Jing also triggered the need of the blockchain in the manufacturing platforms so that they could be upgraded and transformed. The Jiangsu province of China which is known for its intelligent transport system has formulated 8 special action plans around blockchain including other contents.

New Blockchain uses in the Financial Sector

The financial sector is one of the main recipients of the blockchain technology and every day a new way of applying blockchain emerges. Chengdu University of Electronic Technology and Chengdu Jiaozi Financial Holding Group established Jiaozi Financial Holding Blockchain Research Institue.On the other hand, Intel and Ant Blockchain joined hands to use the blockchain to provide credit enhancement for leasing companies. One of the city, Suzhou is the first country to record a ‘blockchain + notary’ administrative law enforcement process record mode.

‘Promote Blockchain in Healthcare’ – National People’s Congress

The representative of National People’s Congress, Zhou Songbo emphasising the importance of blockchain adaption in healthcare sector said, “Promote the integrated application of emerging technologies such as blockchain in the medical system.” Blockchain can also be used to enable all the doctors to achieve identity authentication as specified by CPPCC committee member, Fang Laiying. Other developments in the blockchain space in China include two new moves,

  • Ningbo, a major port and industrial hub in east China’s Zhejiang province issued “Ningbo City Three-Year Action Plan to Accelerate the Cultivation and Innovative Application of the Blockchain Industry(2020 – 2022)”
  • The Blockchain Professional Committee of Hebei Information Industry and Information Technology Association was established.

Wrapping it Up!

Blockchain no doubt has the potential to transform any sector with its unique features. Sooner the features are analysed and adapted into the possible sectors, the more would be the development pace in the country. China too has recognized the blockchain’s power and wish to implement in all possible sectors and strengthen the economy.

Article Produced By
Qadir AK

Qadir Ak – Co-founder of Coinpedia Blog – His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

https://coinpedia.org/news/blockchain-in-china-could-be-explored/

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Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold

Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold

Bitcoin Press Release: Emerging digital asset Bitgesell has developed a practical ecosystem,

and long-term solution for the digital gold debate. The project overcomes issues plagued by Bitcoin to make it an extremely attractive proposition to holders, miners, and businesses

18th May 2020, Amsterdam, Netherlands – Digital asset and cryptocurrency Bitgesell is a new project geared towards practical application, and offers a more attractive proposition to cryptocurrency miners and holders, than any similar alternatives. The Bitgesell ecosystem has been designed to ensure that it is practical, and suitable as a long-term digital investment option.

Why Bitcoin is Not a True Digital Gold

Bitcoin continues to be the foremost leader in the digital currency market, and has always defined what cryptocurrencies are. However, it is faced by a number of issues that have not been conclusively addressed:

  • Excessive Computational Power: Distributed nodes and miners keep any blockchain secure by ensuring that there is never enough computational power in a single control. Bitcoin has surpassed this level long ago. Today, only a fraction of the computer power is enough to secure the network.
  • Low Commissions in Future: In the future, when all of Bitcoin is mined, miners will rely on transaction fee. A little reward will be sufficient to keep miners in profit. However, the segwit based lightning network can also lead to miners moving away from Bitcoin as the transaction earnings can become so low, it would not be practical to keep working on the network.
  • Slower Scarcity : Bitcoin currently halves its block rewards nearly every four years. This scarcity and the level of new BTC mined means that block reward will reach zero roughly in 2140. For the true rise in value of Bitcoin, holders still have to wait 120 years.

Bitgesell Head Developer, Emma Wu explains one of the benefits that Bitgesell offers over Bitcoin: 

“Bitgesell can be perceived as a future of bitcoin, because of its smaller block size, how segwit extension would be developing (lightning network) and due to halving occurring each year, only after 2-3 years we will witness the future of bitcoin, not having to wait for 11 years.”

Bitgesell: The Better Bitcoin

The next stage in the evolution of Bitcoin, Bitgesell is the right step towards a digital gold model. A digital asset that is geared towards holding, it is a precisely calculated ecosystem that is predictable and reasonable.

  • Higher Transaction Cost: Setting a higher limit for transaction cost serves dual purpose of ensuring that only large amounts of coins are transacted, giving incentive for people to hold and increasing the demand while lowering he supply in the market, and ensuring that after all coins have been mined, miners are still in a profitable position, making the network secure.
  • 90% Burn: Coins in circulation are reduced at a fast paced level through burning 90% of transaction fee. This means that Bitgesell will see an increased value of remaining coins as the supply is lowered.
  • Halving Each Year: Where Bitcoin takes on an average 4 years, Bitgesell will half every year, further reducing the coins available and achieving zero emissions in a span of a few years.
  • Fully Segwit Supported: Bitgesell is a network that has fully implemented the segwit protocol. The network is fast enough to withstand any kind of load and transactions will be confirmed at lightning speeds.

The BGL coin powers the Bitgesell as a medium of holding and exchange. Like its Bitcoin counterpart, there will be 21,000,000 BLG ever produced. With a block weight of less than 400,000 bytes, it is 10 times smaller than Bitcoin, making it lighter and faster.

Article Produced By
Bitcoin Blast,
Bitcoin Press Release

https://bitcoinprbuzz.com/digital-asset-bitgesell-provides-the-perfect-ecosystem-to-become-digital-gold/

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Ethereum Soars Over 125% Since March: What to Expect Now?

Ethereum Soars Over 125% Since March: What to Expect Now?

Almost all markets across the world have been in turmoil owing to the economic uncertainties

brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and it is important to take a closer look at it. In this regard, it should be noted that ETH is the second-biggest cryptocurrency in the world, and its recovery might have an impact on the wider crypto market.

Major Triggers

The recovery has been quite remarkable, and it is only natural that investors are taking note of Ethereum since it rose 125% from its lowest levels. In a new development, it has now emerged that Grayscale Investments has acquired as much as half of all the ETH tokens that had been mined this year. The actions of Grayscale could well be one of the major reasons behind the rally enjoyed by the cryptocurrency this year. According to a post that was published on Reddit, Grayscale now owns 1.1% of all the ETH tokens that are currently in circulation. It is a significant development for ETH and marks the entry of an entity that looks after the interests of institutional investors. Grayscale is currently focused on a total of 10 cryptocurrency-related investment products and primarily caters to the interests of institutional investors.

ETH is in Focus Ahead of Ethereum 2.0: What to E#xpect?

At this point, Grayscale has investments worth $2.7 billion in its books, and out of that, the Ethereum Trust consists of investments to the tune of $234.7 million. It needs to be kept in mind that over the years, it has been said that the flow of institutional money is going to be the main trigger behind the growth of the crypto market, and it seems like perhaps this is finally happening. It remains to be seen how this latest development affects the attitudes of other investors with regards to Ethereum.

Article Produced By
Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI. Currently, he serves as a financial consultant and technical analyst at Tradersinsights.com.

https://cryptocurrencynews.com/ethereum-soars-expectations-04-28-20/

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