A Complete Guide to Bitcoin Cash: Supporting Exchanges, Wallets, Trading Advice

Source From https://coinjournal.net/complete-guide-bitcoin-cash-supporting-exchanges-wallets-trading-advice/

On August 1, Bitcoin Cash, a hard fork proposal initially developed as Bitcoin ABC by Bitmain was officially activated. Shortly thereafter, ViaBTC, a major Chinese mining pool mined the first Bitcoin Cash block. Because Bitcoin Cash is a hard forked alternative cryptocurrency (altcoin) of the bitcoin blockchain, every bitcoin holder is credited with Bitcoin Cash […]

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Ethereum Weekly Price Analysis: July 30 – August 6

Source From https://cointelegraph.com/news/ethereum-weekly-price-analysis-july-30-august-6

Ethereum Weekly Price Overview

Ethereum is at the point where long-term growth may start. The news on the launch of the Bitfinex decentralized ETH exchange might also influence the price.

Reversal failure

Last week ETH was traded at the key level, where the upward trend was defined. There we saw the next flat wave for the correction to $138 upward trend, and the course of future movement was found. After the wave reversal, July 29, the volume of the supply was much lower than the previous numbers. The demand, on the contrary, exceeded the volumes ​​seen earlier on July 27. As a result, the wave formed up to the $230 mark.

USDT_ETH

Long-term growth or flat wave?

The $176.2 upward movement has limits. The trend structure has formed so that the turning point is not far from the current price; technically, the graph is going to a new level. The $230 area is the key level, where the entire $176.5 upward structure from may be breached; the trading volumes large number of pending purchase orders confirm it. This also might turn into a wave of the medium-term flat; then the biggest pullback level will be at the $230 mark. The price rise may remain, in the case of a pullback without any reversal. But the reversal at $230 will mean there is no support from the buyers. This way, Ethereum will form the next wave of the flat down.

USDT_ETH

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After FBI Takedown: BTC-e Exchange Says They Still Possess Databases and Wallets

Source From https://news.bitcoin.com/btc-e-exchange-reveals-they-possess-databases-and-wallets/

According to a new post on the forum Bitcointalk, the now defunct BTC-e exchange says it has control over some its servers and bitcoin wallets. At the moment, operators of the trading platform detail they are evaluating the balances.

Also read: Segwit2x and the Tale of Three Bitcoins

BTC-e Reveals They Are Assessing Wallets and Balances

BTC-e Exchange Reveals They Possess Databases and WalletsOver the past few weeks, news.Bitcoin.com has reported on the BTC-e exchange and how it was seized by U.S. law enforcement. We further detailed how the operators of the exchange released a public message, describing the FBI takedown and the possibility of customers getting their money back. According to the message, some of the “purses” were taken by the FBI so there could be a portion of funds that will be unavailable to BTC-e traders.

On August 3 the trading platform’s operators left a message in Russian stating;

We were able to access our databases and purses [wallets], we are currently assessing the data and bitcoin balance sheets, this information will be made public before the end of next week.

BTC-e Exchange Reveals They Possess Databases and Wallets
The BTC-e trading platform’s latest update written in Russian.

Other Members of BTC-e Partner Businesses Arrested

The U.S. Justice Department and the Financial Crimes Enforcement Network (FinCEN), have seized the trading platform’s domain and claim the exchange has broken money transmission laws. Further, the indictment of the alleged BTC-e administrator, Alexander Vinnik, includes a $110M penalty against the BTC-e exchange for money laundering and illegal money transmission.

BTC-e has also mentioned in its latest public message that employees from a particular company called, Mayzus Financial Services Ltd, have also been arrested for being tied to the “money flow.”

Traders who kept money on the exchange who were not involved with illegal activities are not pleased with the U.S. government’s intervention. The message from BTC-e is a hopeful sign that some traders may get their funds back. At the time of writing U.S. law enforcement has not yet revealed how much money was confiscated from the exchange. If BTC-e reveals how much they have left, and how much the FBI seized next week, traders should get a better idea of the true extent of losses.

What do you think about the latest statement from BTC-e? Do you think they will return the money to customers? Let us know in the comments below.


Images via Shutterstock, BTC-e, and Bitcointalk.org.


Bitcoin is a decentralized digital currency that enables near-instant, low-cost payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. Read all about it at wiki.Bitcoin.com.

The post After FBI Takedown: BTC-e Exchange Says They Still Possess Databases and Wallets appeared first on Bitcoin News.

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Where Was Your Beef? How One Farmers’ Co-op Will Track Meat on the Blockchain

Source From https://bitcoinmagazine.com/articles/where-was-your-beef-how-one-farmers-co-op-will-track-meat-blockchain/

beef_block.jpg

In an attempt to provide transparency to customers, a group of livestock farmers in Arkansas is planning to implement blockchain technology to track the origins of meat products.

Economic development charity Heifer International published a press release on August 2 announcing a partnership between the Arkansas-based Grass Roots Farmers’ Cooperative and the British startup Provenance. By using blockchain tech, customers will be able to track meat products “from farm to fork.” The farmers’ co-op believes using the technology will boost the confidence of consumers since they will have more insight on the quality and origins of the meat they purchase.

Detailed in a separate press release published by the Grass Roots Farmers’ Cooperative, the farmers are planning to put QR codes on the meat products they sell, which customers can use to track their food on the blockchain using Provenance’s platform. In addition to the quality and the origins of the meat, customers will be able to see how the animals were raised and gain insight into the people who contributed to producing the final product.

“Americans have an increasing interest in better understanding what they’re eating. According to the 2016 Label Insight Study, 83 percent of consumers want more information about what’s in their food, and I totally believe it,” Cody Hopkins, Grass Roots general manager and founding member, wrote.

“When I learned about this technology, I thought, ‘This is the solution.’ It’s the perfect way for Grass Roots to offer folks total transparency. Provenance has developed a platform that levels the playing field for small-scale farmers and puts information directly in consumers’ hands.”

According to Hopkins, the same study showed that 75 percent of the U.S. citizens polled stated they do not trust the accuracy of food labels. The Grass Roots founding member believes utilizing blockchain tech for meat products will provide transparency, thereby improving the reputations of the farmers among consumers.

“This is a total breakthrough for the small-scale, sustainable farmer. Until now, it’s been a struggle for us to tell the story of why our foods are different from those raised in feedlots and large chicken houses. With blockchain, we can show you,” Hopkins wrote.

Hopkins added, “We can prove exactly who raised the animal and how it was raised, how many animals were raised in its batch and how they lived, and who the butcher was and how it was harvested. And all of this farm-to-fork information is authenticated by a technology that’s virtually unhackable.”

San Francisco–based Golden Gate Meat Company will be the first to trial blockchain tech for their products using Provenance’s platform. According to Heifer International’s press release, the test of the platform for meat products started on August 2.

“Our farmers are innovative, always looking for ways to incorporate the latest technology that ultimately create real value to the consumer,” said Pierre Ferrari, chair of Heifer USA’s advisory board.

“It’s only a matter of time before this becomes ‘best practice’ throughout the industry.”

The post Where Was Your Beef? How One Farmers’ Co-op Will Track Meat on the Blockchain appeared first on Bitcoin Magazine.

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How to buy Ripple (XRP) in 3 Simple Steps – A Beginner’s Guide

Source From https://99bitcoins.com/how-to-buy-ripple-xrp-in-3-simple-steps-a-beginners-guide/

The post How to buy Ripple (XRP) in 3 Simple Steps – A Beginner’s Guide appeared first on 99 Bitcoins.

What is Ripple? Ripple is a global settlement network, making it easy to transfer nearly any currency to anyone in the world in just seconds.  The Ripple platform has rendered the archaic system of sending money through SWIFT or Western Union obsolete.  At this point, Ripple is focused entirely on working with banks, offering them […]

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How NEM Blockchain Can Potentially Revolutionize Stock Markets

Source From https://cointelegraph.com/news/how-nem-blockchain-can-potentially-revolutionize-stock-markets

Share trading hasn’t changed much in centuries, but DIMCOIN promises to change the way things are done.

Share trading essentially has remained unchanged since the 17th century. While most of the exchanges have shifted to an electronic model and trades are conducted faster than ever before, the truth is that there is still a central intermediary in stock trading, and this is perhaps the biggest weakness of the system.

Bringing the Blockchain to the system holds the promise of building decentralized exchanges in the future. The wider DIM Ecosystem comprises of DIMCOIN, DIMCOIN Foundation and other constituents.

The technology is based on the NEM Blockchain technology and seeks to revolutionize the way securities are traded. The DIMCOIN Initial Coin Offering (ICO) is currently underway and will end on Aug. 27, 2017.

What is the DIM Ecosystem

The DIM Ecosystem is made of DIMCOIN, which is a cryptocurrency, which can be traded on exchanges against other cryptocurrencies as well as DIM Currencies, which are equivalent to fiat currencies.

Overall the DIM Ecosystem can help in cryptonization of equity, trading in shares and assets that have cryptonized, cryptocurrency exchanges, crypto-fiat currency exchanges, e-commerce and debit card purchases.

In addition, the DIM Ecosystem can also help with business transactions and commodity trading.

DIMCOIN launched their ICO on July 16, 2017, and they have set a maximum cap of 10 mln DIM TOKENs. One US dollar is equal to one DIM TOKEN + 100 DIMCOIN.

It is noteworthy that the tokens are a representation of the ownership of the DIM Ecosystem as a whole. Investors who have more than 50 DIM TOKENS will receive 30 percent of the net fees earned on the DIM cryptocurrency transfers within the ecosystem, depending on percentage ownership of tokens.

We asked Uros Trajkovic, Social Media Executive on the DIMCOIN team about their vision surrounding the ICO and he says:

“Our vision for the DIM Ecosystem is to get it on its feet. Our main objective is to utilize the funds raised during the ICO for this purpose. We will acquire the skilled labor and facilities that will get the DIM Ecosystem functioning.”

Bonus DIMCOIN are available to early investors: until Aug. 19 there is a 10 percent bonus and from Aug. 20-27 a five percent bonus. DIM has released a whitepaper that layout the detail of their ICO plans but broadly the fund utilization will be based on the below diagram.

Chart

Can DIM revolutionize the markets?

Current trading practices have several issues. At the most what we have today is just speeding up of archaic practices. The number of intermediaries required to execute trades like stock transfer agents, depositories and registrars, etc. remain in the picture. There are significant counterparty risks involved as well.

Stock market products like Equity Traded Funds (ETFs) have significant issues like tracking errors, which can cause losses to investors. Uros believes that DIM can help remove ETF tracking errors, but he thinks that the biggest issue with the current state of the markets is transparency.

He tells Cointelegraph:

“The major problem facing mainstream trading platforms is the lack of transparency. The players in the traditional trading platforms are not transparent enough, hence making it difficult to eliminate or reduce such risks. Blockchain is transparent by design, users can trace transactions and monitor their investments without third parties.”

DIM will be utilizing the Hybrid Stock Exchange (HYBSE.com) to facilitate the trading of their cryptonized securities, which will be a part of the Ecosystem. This exchange was formed by a group of financial and software experts who were formerly employed by the Frankfurt Stock Market. The trading will eliminate over regulation, high fee and long transaction times.

Fiat use will help raise public awareness

An interesting facet of the DIM Ecosystem is the use of DIM Currencies. Fiat currencies can be exchanged in the ecosystem against DIM Currencies, the value of the DIM Currency is tied to the respective fiat currency. Assets are valued in DIM Currencies in the DIM Ecosystem.

Trajkovic explains:

“We believe that the more services and products offered in DIM Currencies, the more the general public will accept it. The more routine transactions are done, the better. The process of creating a Depotwallet account is made as simple as possible. This was deliberately done to make it acceptable to the general public.”

It is interesting to see how the DIM Ecosystem will evolve in the future and how it reshapes the equity markets, equity products and other segments like the commodities market.

However, one thing is for certain that it will have an impact on the good old fashioned stock market and the investors who may end up benefiting from an era of low or no fee and higher transparency.

 

 

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

 

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