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Next stop $10000? Bitcoin’s incredible surge hits new heights

Hyundai “goes crypto”: President Dae-Sun Chung announces plans for the company’s first token generation event

Zug, Switzerland, November, 2017—  HyundaiPay in cooperation with Hdac Technology AG, the multinational corporation based in Switzerland, announces today its plans to hold a TGE (Token Generation Event), aiming to bring blockchain technology to IoT payment platforms and secure transactions amongst connected devices. Hdac Technology and Hyundai, specifically HyundaiPay are always looking for new and innovative technology to incorporate into their products, and the joint TGE will protect IoT devices and their users from hacks, privacy invasion, and external threats, especially for payments and transactions. Hdac technology and Hyundai Pay will hold a TGE for the HDAC token on November 27th. The TGE will run on the Hdac blockchain, a separate entity apart from Bitcoin and Ethereum, which is maintained by the Hdac Technology group.

The Internet-of-Things (IoT) is making a visible and immediate impact on the tech industry these days, and will be worth $270 billion by 2020. Connected devices, homes, and vehicles can already be found in advanced countries, and as anyone with experience in the industry knows, the complexity of ensuring safe financial transactions, is close to impossible. Consider the security challenges involved in safely making an online payment on your phone in a public place. The vulnerability of security breaches is very high between connected devices. There is high-security risk for office buildings, large convention centers, or even a connection home that is transferring data constantly throughout the day.

A network of economies and payment platforms in the IoT have to integrate blockchain into their system in order to offer integrity and confidentially to their users, and to revoke the mystery behind this futuristic solution for security failures. Integration of blockchain technology will solve various issues in terms of security in IoT:

Interconnected security risks: IoT devices are all connected, if one node on this network becomes compromised, this puts the whole fabric at risk.

Different security protocols and requirements of each device: These differences make integration slow and difficult at times.

Many points of failure exist, which makes monitoring a wide network of IoT devices at best difficult, at worst impossible.

Developments in blockchain technology enable greater transparency and trust, especially regarding payments, and can help secure all those self-driving cars, smart home devices, and even your FitBit that have flooded the industry in recent years.

The goal of Hyundai BS&C and Hdac Technology’s TGE is to support the continuing development of the Hdac blockchain, as blockchain technology has the ability to greatly enhance the security of the IoT. Hdac, which runs separately from the Ethereum and Bitcoin protocols, is based on hybrid blockchain technology, which offers a wider range of capabilities to ensure reliable connection and secured processing between devices. Hyundai will work to apply this pioneering platform to hardware payments applications and to enhance both their security and reliability.

Blockchain technology is the only way to achieve the level of security that Hdac technology and HyundaiPay aim to achieve. The Hdac blockchain addresses security issues by providing immutable information on top of smart contracts. It makes the automated security and transparency principles application over the platform, in a possible way that was previously impossible to guarantee.

“We are thrilled to hold a TGE in order to bring security and transparency to IoT devices,” said  Dae-Sun Chung, Founder of Hdac Technology AG, “With more IoT devices hitting the market daily, our lives become more connected. Although there are many benefits to this, we open ourselves to great security risks. Blockchain technology, and special the Hdac blockchain, is the best way to leverage trust, transparency, and security on IoT.”

Bitcoin & Blockchain & Why You Should Care: NY Alternative Investment Roundtable

Bitcoin & Blockchain & Why You Should Care: NY Alternative Investment Roundtable

Source: Reggie Middleton

Quantum Experts Team Up to Secure Cryptocurrency

Bitcoin and other cryptocurrencies will be vulnerable to attacks by quantum computers in as little as 10 years from now, say a team of researchers proposing measures to improve digital currency security.

The team of researchers from Sydney and Singapore have produced a White Paper, Quantum attacks on Bitcoin and how to protect against them, that describes how digital currencies could become vulnerable to attack, with disastrous effect if thieves equipped with quantum computers steal funds without detection.

The potential is that trust in this rapidly growing market – today estimated at a worth of US$150 billion – could erode rapidly as a result.

“Many existing Bitcoin accounts and all new transactions will be at risk within 10 years, so we need to start thinking about solutions now,” says Dr Marco Tomamichel from the Centre for Quantum Software and Information (QSI) at the University of Technology Sydney (UTS).

Dr Tomamichel is part of the new Quantum Resistant Coin (QRC) group of researchers bringing their knowledge of quantum technologies and cryptography to the security of digital currencies, in partnership with blockchain company Hyperchain.

The other members of the group are Associate Professor Gavin Brennen at Macquarie University, Professor Miklos Santha at the Centre for Quantum Technologies (CQT Singapore), and Associate Professor Troy Lee from Nanyang Technological University, Singapore.

The QRC team has considered the point at which quantum computers could potentially jeopardise the security of current cryptocurrencies, and have assessed counter-measures to such attacks.

They also assess the risk of quantum-dominated mining in so-called Proof of Work protocols, which are the basis for verifying transactions in Bitcoin and many other cryptocurrencies.

It is a very exciting time to be working in quantum information now that simple quantum machines, like the Google and IBM devices, are a reality,” says Dr Tomamichel.

“Understandably, there is a lot of nervousness in cryptocurrency communities about whether their digital assets can resist future attacks by very fast quantum computers.”

QRC has been appointed as a technical advisor to Hyperchain, which provides technical services to Hcash (CoinMarketCap.com Hshare with a market capitalisation of over US$300 million) and will work with Hcash, Hshare and Hyperchain to ensure their cryptocurrency can resist quantum attacks.

“Our service is providing advice and algorithmic protocols to digital currencies and blockchains like Hcash which want to certify their product will be quantum safe. HCash has put a strong emphasis on quantum security from the outset so this collaboration will benefit both teams, and customer confidence,” he says.

Ethbits Platform officially launch p2p cryptocurrency exchange

Ethbits Local, a peer to peer crypto currency exchange, is now fully live offering trades throughout the UK, France, South America and Nigeria. The platform includes payment via cryptocurrency, bank account transfers and cash trades. Ethbits Local is gaining popularity from users through its low transaction fees of 0.5%, half that of its competitors, whilst also offering exchange via ETH and its own in-house token ETBS as well as Bitcoin. The next coins expected to be available are XMR and ZCASH which focus on user privacy.

After raising 13,786 ETH (worth $1.3 million at the time) from 820 investors in its crowd sale, and distributing 1.3 million ETBS tokens, Ethbits is in an excellent position to roll out its core proposition. Centralised exchanges have long been the Achilles heel of the decentralised cryptocurrency ecosystem, and the partnership with BCB ATM – known for its user-friendly and secure design – strengthens Ethbit’s position considerably.

‘We’re very pleased that BCB ATM have agreed to make Ethbits available through their network of ATMs,’ said Matthew Radbourne, Ethbits PR and Business Growth Manager. ‘As cryptocurrency goes mainstream, there will be an ever-greater demand for convenient solutions such as ours. The research shows that traditional cash and cashpoints aren’t going out of fashion any time soon. If we want people to use cryptocurrency, we need to start offering them solutions that are already familiar to them.’

ETBS the local currency of Ethbits Local has recently been upgraded to reward token holders based upon the profit from the platform and also has a token burn function which will be utilised in the coming months – again based on the amount of profit generated through the platforms. 132 Ether was distributed to token holders in August with a further payment expected in January. For more information about how to claim visit the Ethbits blog.

With the current ICO boom underway Ethbits has also made available a rating page for upcoming crowd sales to assist potential participants when selecting projects.

To find out more or to use the platform to purchase crypto easily visit www.ethbits.com.

Why is Bitcoin Valuable?

Why is Bitcoin Valuable?

Source: Boxmining

Veritaseum Update: Reggie Middleton’s Keynote Speech at Harvard, Dimon, Bitcoin, Frauds, Jamaica and Chinese Imperialism

Veritaseum Update: Reggie Middleton’s Keynote Speech at Harvard, Dimon, Bitcoin, Frauds, Jamaica and Chinese Imperialism

Source: Reggie Middleton

REALIST NEWS – Bitcoin Dumps On Massive Volume As China Plans To Shut Local Exchanges

REALIST NEWS – Bitcoin Dumps On Massive Volume As China Plans To Shut Local Exchanges

Source: jsnip4

Meet a new search engine for the lowest price goods in online stores all over the world!

The team of Russian developers Ahoolee.io aims at helping consumers to buy goods on the Internet for the lowest prices. By now, the service lists 40 million items from more than 1000 online stores.

As it’s widely known, marketplaces are often not so helpful in finding best deals because of the limited number of engaged partners. When it comes to online shopping, it takes hours to find the lowest price for desired goods. Search engines make the process even more complicated as one has to manually browse tens of websites, compare prices and characteristics.

The web crawler in Ahoolee.io automatically indexes stores, downloads catalogs, and combines similar products into one card. Using such a card, a consumer can compare prices from different retailers and track a detailed price history.

Ahoolee is based on a decentralized business model, which means any person is able to become its contributor and add a store, download a catalog, or check the quality of offers. Contributors can earn Ahoolee tokens for performing certain tasks and use them afterwards to pay for available goods.

To enable consumers from different countries to pay for goods using cryptocurrency, Ahoolee created tokens (AHT) based on the proprietary blockchain using the Ethereum code. One can exchange Bitcoin, Ethereum, Waves, Dollars, Euro or Rubles for tokens through the internal tool embedded in the wallet.

At the preliminary ICO that took place on July 3d, Ahoolee received investments in cryptocurrency that amounted to 200,000 USD during just 30 minutes. By the end of 2017, the Ahoolee team plans to engage 50,000 stores and increase the number of goods in the system up to 1 billion. The near-term plan also includes contextual advertising on Ahoolee.io and launch of premium accounts with a subscriber fee. A premium account is used to highlight a store in search results and is a guarantee that a retailer is not a fraudulent seller. To bring that to life, the Ahoolee team runs ICO from August 28th, the first ICO to officially accept investments from the USA.

KyberNetwork Rewards Early Community with Token Structure and ICO

After over 50,000 whitelist applications, the decentralized trading platform has announced the terms of their ICO and released details about their native token, KyberNetwork Crystals, which will be collected as fees from reserves, then destroyed.

SINGAPORE, August 25 – KyberNetwork, an anticipated decentralized exchange platform from the creators of Oyente and Smartpool, has officially announced the terms of their ICO and details about the functionality of their native token, KyberNetwork Crystals (KNC).

After receiving over 50,000 applications for their ICO whitelist, in the process becoming the largest Slack community in the world, the company has outlined their financial structure for the future, which is aligned towards long-term growth and viability as the crypto-asset industry matures over the coming years.

“It’s incredible and truly humbling to see the early support and enthusiasm we have received for KyberNetwork,” said Loi Luu, the company’s co-founder and CEO. “Our amazing team has a created a vision and a solid plan for integrating KyberNetwork with what we believe will be the fundamental framework of cryptocurrency trading in the future, and I think the crypto community has also recognized this.”

“With our KNC token and our ICO, we’re looking to build a strong, lasting community around KyberNetwork that encourages enthusiasts of the platform. Even if someone missed our whitelist registration, we feel like there is an opportunity with our ICO structure for everyone to participate as we build our technology and partnerships over the coming months and years.” 

KyberNetwork is coming at a time when the ecosystem of crypto-assets is exploding in its diversity and sheer number of tradable tokens and currencies.   As more and more projects raise funds through the launching of platform tokens, the number of tokens in the market is continuing to increase.  However, the limited options to liquidate tokens in the market makes convertibility of one token to another token a new challenge for both investors and operators alike.

The platform will be the first to implement an exchange that includes trustless, decentralized execution with instant trading and high liquidity by using an innovative system that incentivizes reserve managers. The result is a platform that handles trading, payments, and complex financial transactions like derivative options and forward contracts, while also integrating as a payment API that allows wallets to receive payment from any crypto tokens.

KyberNetwork Crystals will be required by reserves to participate on their network and also used to reward 3rd parties that direct traffic and multiply trading activities on the platform.  When a reserve operates on their platform a small KNC fee will be imposed in return for the right to operate and earn profits from trading activities.

Knowing the importance of partnerships to scale and improve platform adoption in the blockchain ecosystem, the company has also announced their commitment to collaborating with various organizations, including both software and hardware wallets, blockchain explorers, and on-chain smart contracts to direct users to the platform. As a reward for their efforts, these partners will be paid in KNC for every trade that they introduce to KyberNetwork.

All KNC tokens that KyberNetwork collects from fees, after paying any supporting partners, will be burned – i.e. destroyed and taken out of circulation, ceasing to exist, forever. With this model, KyberNetwork is introducing a unique asset that will increase in demand while decreasing in supply as adoption of their platform and technology grows over time, supporting their goal of rewarding all participants who help grow the network. 

The company will raise 200,000 ETH at an initial exchange rate of 600 KNC to 1 ETH through their ICO, with roughly half having already been raised in a private round and the other half being offered evenly to every eligible whitelist applicants.  The sale will then last 48 hours to enable everyone on the whitelist the opportunity to participate and also avoid clogging the Ethereum network.

KyberNetwork intends to use the proceeds of the Token Sale as follows:

  • 50% to a reserve to be managed by KyberNetwork as a reserve operator.
  • 30% for the development and maintenance of the platform service.
  • 10% for the operation of and other costs related to maintaining KyberNetwork.
  • 10% for marketing and legal costs.          

In a statement, the company said:

“It is critical to have and maintain our own reserve in KyberNetwork as it guarantees the liquidity of the platform prior to the participation of third party reserves. Our plan is to first support the popular tokens like OMG, GNT, GNO and REP and a few others. At a later stage when cross chain protocols become more established, we plan to tokenize other cryptocurrencies (for example Bitcoin, Zcash etc.) on Ethereum to enable trades between ERC20 tokens and different coins. To be able to execute this component, a large initial capital is required in order to provide reasonable liquidity and trading volume. Hence the need for a reserve of 100, 000 ETH.”

KyberNetwork will only conduct one public sale of KNC, which begins on September 15. Click here to learn more.

Explainer video: https://www.youtube.com/watch?v=lNNLr2D0yig

To learn more about KyberNetwork visit: https://kyber.network

The KyberNetwork Whitepaper: https://kyber.network/assets/KyberNetworkWhitepaper.pdf

Twitter: https://twitter.com/kybernetwork

Slack: https://slack.kyber.network/

Github: https://github.com/kyberNetwork/

Medium: https://blog.kyber.network/

About KyberNetwork

KyberNetwork, an on-chain protocol which allows the instant exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies (e.g. Ether, Bitcoin, ZCash) with high liquidity. KyberNetwork will be the first system that implements several ideal operating properties of an exchange including trustless, decentralized execution, instant trade and high liquidity. Besides serving as an exchange, KyberNetwork also provides payment APIs that will allow wallet accounts to easily receive payments from any crypto tokens.