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MediaThe CEO of fintech company Ripple is now offering a bold prediction for what the new year holds in store for the cryptocurrency markets, as he believes that the market-wide purge that was largely anticipated to occur in 2019 will actually take place in 2020.This market-wide “consolidation” trend that he anticipates to occur in the coming year may have large implications for how the markets will trend in the future, and may even spell trouble for XRP.Ripple CEO: 2020 To Be Year of Consolidation Within Crypto MarketsDuring a recent episode of “The Ripple Drop” – a YouTube show hosted by the company – Brad Garlinghouse, the CEO of the fintech company, offered insights into what he believes is going to happen within the cryptocurrency markets in the new year.Notably, he explained that he believes that the majority of the 3,000+ cryptocurrencies that currently exist within the markets will disappear as investors migrate away from smaller speculative cryptos and towards ones with proven utility.“I think you’re going to continue to see consolidation. The world doesn’t need 3000+ cryptocurrencies out there, and I think the utility will bear out that there will be a migration to quality if you will,” he explained during his segment on the YouTube video.The Ripple CEO further elaborated on this statement, explaining that although there’s no telling as to how many of the 3,000+ cryptos will disappear this year, he does believe that eventually 99% of cryptocurrencies will disappear.“And I think you’ll see consolidation, where there’ll be fewer than 3,000 for sure. We can argue how low that number can go. I’ve said publicly that I thought 99% would go away.”Investors Fleeing Smaller Altcoins May Not Turn to XRP; Here’s Why It is likely that investors who flee these smaller altcoins that they deem to be useless will not flock to XRP, which may mean that other major cryptocurrencies like Bitcoin and Ethereum will see some decent upwards momentum while XRP remains stuck around its current price levels.Jeffery Tucker, a prominent economist, recently spoke to Russia Today about XRP, explaining that although it does have significant utility that could help usher in a new global financial system, investors may not be too enthused with it due to it being a “specific kind of crypto” that is uninteresting to normal investors.Because XRP’s specific utility does not necessarily impact consumers and retail investors, the upcoming consolidation phase that the Ripple CEO is anticipating may not have a positive impact on the crypto and may even lead some investors to flee it in favor of other digital assets.
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Media Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring. Bitcoin is constantly being used as a means of extracting payment, blackmailing people, and demanding ransom in exchange for data.Ransomware attacks are ones, where hackers infect users’ devices, encrypt their files, and then demand a bitcoin payment in order to grant the victim a decryption key. In some cases, these attacks can be extremely damaging, which was seen when ransom seeking hackers locked 10 years’ worth of government data in Argentina and demanded Bitcoin in order for the files to be returned.However, the more recent misuse of bitcoin in this way was reported as part of a lawsuit against Amazon and its subsidiary, Ring.Hackers Demand Bitcoin ransomware from Ring Camera UsersAccording to a lawsuit against Amazon and Ring, the two companies are being sued for $5 million after they sold vulnerable cameras to their users. Apart from the plaintiff, Alabama’s John Baker Orange, multiple other families from across the US have reported being disturbed and harassed by online criminals who hacked their cameras.So far, at least four families have reported similar issues from Georgia, Florida, Mississippi, and Texas. Customers have reported that hackers have used their outdoors cameras for spying on them, talking to their children and encouraging ‘destructive behavior,’ and, as mentioned, they demanded bitcoin ransom in order to leave them alone.Cameras that operate via Wi-Fi, just like any other IoT device, come with default passwords that any hacker can use to gain access to the device. Ring’s Response: Customers are to Blame for the HackRing itself seems certain that its products do not have a security flaw. The cameras are generally affordable, easy to install, and very user-friendly. However, when it comes to the strength of the password, it depends on the customer’s choice.The company has refused to share any details regarding the legal side of things but did respond to accusations of selling vulnerable products. Ring stated that the flaw likely lies with the consumers themselves, as the company assumes that the buyers did not properly secure their devices.According to the firm, consumers either did not change these passwords, or they used weak passwords that they used for their online accounts, and that were compromised in one of the countless hacking attacks.This, among other cases, demonstrates how creative online criminals can get when it comes to extracting money from people. Not only are they hacking devices that allow them to spy on innocent consumers, but they also demand payments in form of cryptocurrency, which are much more difficult to track than traditional money.These cases show that even the most revolutionary technologies can be misused for personal gain, which, in the end, continues to spoil the reputation that bitcoin and other digital currencies are trying hard to build.Do you think that Ring is right and that security breaches on its cameras are customers’ fault? Let us know your thoughts in the comments below.Images via ShutterstockThe Rundown

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MediaTo say that Craig Wright has been a controversial figure in the cryptocurrency industry would be something of an understatement. To say that he’s a man who’s sought to turn the space upside down would probably be more accurate to some analysts and observers.Wright: Nobody Can Touch My CoinsWright recently emerged to say that his alleged bitcoin fortune – which may or may not exist – is likely to remain locked for some time. Recently, a lawsuit outcome required that Wright forfeit roughly $3 billion of his alleged BTC fortune to Ira Kleiman, the brother of the man who allegedly helped Wright build his crypto-based empire Dave Kleiman.The lawsuit took place in August of this year, though it boasts roots in 2018. Ira claims that Dave was potentially cheated out several million bitcoins by Wright. Dave passed away in 2013 and was reportedly one of Wright’s primary developers.A U.S. magistrate judge named Bruce Reinhart in West Palm Beach Florida ruled four months ago that Wright had submitted false documents during the hearing and that he submitted false or faulty testimony. He was later ordered to hand half his BTC fortune over to the Kleiman estate. At the time of writing, it is estimated that the cryptocurrency owed to Dave’s kin is anywhere between three and four billion dollars.But according to Wright, a lot of this money is untouchable at press time. More specifically, he claims that the private keys necessary to access the funds in question would not become available until next month or even later.He commented:I do not intend to dump my family’s BTC as some people suspect or want, as this would hurt many people in the industry.Wright’s big claim to fame is the development of the new currency bitcoin SV, which emerged through a hard fork of bitcoin cash in late 2018, which was also a hard fork currency to come from bitcoin during the previous year.Bitcoin SV has been at the center of many harsh events to occur within the crypto space. For one thing, bitcoin SV is widely blamed for the nasty fall that bitcoin incurred in November 2018. Up to that point, bitcoin had spent most of its time hanging around the $5,000 or $6,000 range.A Man’s Reputation RisesFollowing the fork that brought SV to prominence, however, the world’s number one cryptocurrency by market cap fell during the Thanksgiving holiday to the mid-$3,000 range, where it remained for roughly five months (until April of 2019).Bitcoin SV also pitted several cryptocurrency experts against each other, most notably Roger Ver – the “Bitcoin Jesus” – and Craig Wright. The latter claimed that SV was the closest thing to Satoshi Nakamoto’s original bitcoin vision, while Ver argued that all the power of crypto lied with bitcoin cash.Tags: Bitcoin SV, craig wright, Ira Kleiman

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When a jury decides the fate of a person, they do so based on the evidence presented to them in the courtroom. Evidence obtained from forensic analysis, such as DNA analysis, is often interpreted as strong evidence by jurors. This perception of forensic evidence is enhanced by popular TV shows like CSI: Crime Scene Investigation, where physical evidence is used to solve murders in a “whodunit” showdown between deductive cops and crafty criminals covering their tracks. All it takes is the right evidence to piece the story together. But recent research suggests that the reality of forensic analysis is that…This story continues at The Next Web

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Companies in China have been wary of cryptocurrencies. That situation won’t necessarily change following some new guidelines coming out of Beijing. It has been a while since some “China bans bitcoin” FUD made headlines.More Bitcoin Trading FUD From ChinaFor reasons unknown, such news tends to come around at least once a year.This year’s edition seems to focus on companies looking to engage in the crypto asset industry.Beijing authorities claim no companies should engage in trading cryptocurrencies or providing other custodial services.While this is not an official guideline, the “request” does send a very clear message.It is a well-known fact that crypto trading in China has been “outlawed” for some time now.As such, it seems interesting to note that some companies are still trying to break ground in this department. However, following this news warning, it seems unlikely that much will happen.The recent increase in crypto asset trading hasn’t gone by unnoticed, but there are other solutions available as well.
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Those who want to trade bitcoin can still do so outside of the control of the Chinese government.Cryptocurrencies are unique in this regard, as they can circumvent artificial blockades with relative ease.China will not be an exception in this regard. Image(s): Shutterstock.com

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<a href="https://news.bitcoin.com/wp-content/uploads/2019/12/shutterstock_406318453_1600-760x512.jpg">Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season<strong>Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization.</strong><strong>Also read: Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin</strong>Winter Reduces Electricity Supply in SichuanSichuan is arguably the most important Chinese region in terms of cryptocurrency <a href="https://mining.bitcoin.com/">mining. While China is believed to control two thirds of the bitcoin’s global hashrate, it’s been reported that Sichuan alone accounts for over 50%. The province’s abundant hydropower energy during the wet season, between May and September, along with the cool climate in its mountainous areas have made it an ideal destination for miners.During the dry season, however, which extends from October through April, electricity generation drops significantly leading to shortfalls in supply. Prioritizing “social electricity demand” is the stated purpose for the recent government focus on mining operations. Under normal circumstances bitcoin farms coexist in symbiosis with hydropower stations, <a href="https://news.bitcoin.com/how-big-hydro-power-partners-with-bitcoin-miners-to-prevent-energy-waste/">utilizing the excess energy they are capable of producing thanks to East Asia’s plum rain.<a href="https://news.bitcoin.com/wp-content/uploads/2019/12/shutterstock_1462094063.jpg">Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season</a>Despite China’s decision to <a href="https://news.bitcoin.com/china-removes-bitcoin-mining-from-unwanted-industries-list/">remove bitcoin mining from an unwanted industries list, miners in the country have enough reasons to be worried. Beijing <a href="https://news.bitcoin.com/is-chinas-new-fascination-with-blockchain-really-good-for-bitcoin/">embraced blockchain development in October but soon after that made it clear it didn’t mean decentralized cryptocurrencies. A <a href="https://news.bitcoin.com/chinese-regulators-question-8-crypto-companies-in-shenzhen/">crackdown on crypto companies has <a href="https://news.bitcoin.com/crypto-employees-in-china-work-from-home-to-avoid-government-pressure/">scared a lot of people involved in the industry. Chinese police recently <a href="https://news.bitcoin.com/chinese-police-seize-thousands-of-miners-arrest-dozens-of-scammers/">seized thousands of mining rigs in the city of Tangshan, Hebei province.The local government in Sichuan’s Garze Tibetan Autonomous Prefecture has recently demanded a cleanup in the region’s mining sector, the Chinese outlet 8btc reported this week. Authorities have called a meeting to discuss the issue with about a dozen regulatory agencies, the tax administration, and the local branch of the state grid operator. Representatives of 10 companies involved in bitcoin mining have been summoned as well, the publication detailed.The meeting was originally scheduled for Dec. 25 and later postponed for the 27th. No details are currently available about its outcome but a source from the Chinese mining industry confirmed the news of the government offensive in Sichuan while also noting that the move is only of a regional significance and not on a national level. “It’s not going to make a huge impact to mining in China,” the representative of a company operating mining facilities in the hydro energy-rich province told news.Bitcoin.com.Hydropower Plants Fined for Powering Bitcoin FarmsThe initiative to curtail mining operations in Sichuan has been described as a part of the local government’s efforts to ensure sufficient…
stop craig wright Craig Wright, the self-proclaimed inventor of Bitcoin (BTC), says he’s not sure if or when he will have the information needed to access $3 billion worth of Bitcoin.Wright was recently ordered by a court to forfeit billions of dollars in BTC to the family of his former business partner.But the Australian computer scientist tells Bloomberg he “cannot be certain that the information will in fact arrive” that will help him access the BTC and determine which coins he will have to divvy up.Earlier this year, US Magistrate Judge Bruce Reinhart ruled that the late Dave Kleiman owned at least half of the Bitcoin that Wright allegedly mined between 2009 and 2013. Wright had been ordered at that time to forfeit half of his BTC holdings to the Kleiman estate.The judge had also stated that Wright had no legal claim to Kleiman’s portion of the mined cryptocurrency. Each half of the sum of the BTC holdings were valued at around $4 billion; however, the price of Bitcoin has dropped significantly since then.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.The post Self-Proclaimed Satoshi Claims He’s Struggling to Access $3 Billion in Bitcoin (BTC) appeared first on The Daily Hodl.

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Coinbase Wallet, Coinbase’s mobile cryptocurrency wallet, may soon remove its DApp browsing feature according to a message appearing in the app. According to Coinbase, it is removing the DApp browser functionality «in order to comply with App Store policy.»Users can still access DApps through Coinbase Wallet on their desktop devices using its WalletLink feature.The Block has reached out to Coinbase to get confirmation on what specific Apple App Store policies Coinbase Wallet may have violated with its DApp Wallet support and will update this post if we receive a response. Early this week, MetaMask, another DApp browser service, announced that Google has suspended its Android client and rejected an appeal from MetaMask.Media

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MediaTokenization firm AlphaWallet partnered with the Union of European Football Associations (UEFA) for the upcoming European Football Championship, ‘Euro 2020′. Via Ethereum integration, Alphawallet plans to put around 20,000 tokens on the custom blockchain backing the tournament tickets.According to reports, Victor Zhang, CEO of AlphaWallet, stated,“If we can convert 50% of the digital event tickets into blockchain tokenized tickets, the new adoption number is already greater than the current total blockchain users worldwide (42,290,000 ).”Zhang noted that more than 20,000 new users would experience blockchain technology without their knowledge, as their tickets will already be tokenized and secured on the blockchain. He further added that the UEFA executive sales agent would be providing the funds, tickets, and authority, while the AlphaWallet team would only offer the technology.The Ethereum based wallet application had already tested this new tokenized ticketing system during Russia‘s FIFA World Cup, back in 2018. The company had then tried to find solutions to fraud, scalping, and lack of regulation in the secondary market.Zhang further added that since the tickets will be issued on the Ethereum blockchain, the authenticity of the ticket is verified instantly, thus allowing the peer-to-peer transfer of tickets and also helping curb the distribution of fake tickets. Additionally, if the person who bought the tickets wishes to re-sell them, they can do it on the chain, just like transferring crypto coins.In 2019 alone, Zhang noted, there were 941,400,000 digital ticket users worldwide. He further commented saying,“Although the technology is not yet ready for complete tokenization of the global economy, it’s close. There are hundreds of missing pieces that need to be developed in order for full tokenization to occur.”

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<a href="https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82YzAxOWEyYWQ3N2FlMjAwOWUxMzkzYjk0NWRhNGQ0Zi5qcGc=.jpg">Media</a>2019 was, without a doubt, a milestone for crypto taxation. Countries around the world realized cryptocurrencies are here to stay and adjusted their crypto tax policies as a result. This year alone, several countries have been busy establishing and amending crypto tax legislation. Governments around the world have published updated guidance, changed crypto tax rules, and used crypto tax benefits to attract high-net individuals, while some even banned crypto completely. Looking at the crypto tax legislation worldwide in 2019, one thing is apparent: No one can deny crypto tax anymore. Crypto is considered an asset and is therefore taxable. Whether you pay them or actively choose to avoid them, you are aware of the implications of your actions.Let’s take a closer look at 2019 worldwide crypto tax legislation:North AmericaUnited States: New guidance, changing tax forms, and enforcement letters:It was a hectic year for the Internal Revenue Service.After <a href="https://cointelegraph.com/news/irs-sending-fishing-letters-to-crypto-users-so-they-pay-taxes">sending</a> thousands of letters to cryptocurrency investors to clarify crypto tax obligations, the IRS issued two new pieces of guidance for taxpayers engaged in digital currency transactions. In addition, standard tax form 1040 Schedule 1 has been <a href="https://cointelegraph.com/news/us-irs-makes-change-to-standard-questions-in-regards-to-cryptocurrencies">updated</a> to include a broad declaration regarding crypto holdings or trades.The new guidance includes <a href="https://www.irs.gov/pub/irs-drop/rr-19-24.pdf">Revenue Ruling 2019-24</a>, and 43 <a href="https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions">frequently asked questions.</a> But not all is clear in the U.S. crypto tax territory: Like-kind exchange, which basically means tax exemption on exchanging one crypto to another, was formally <a href="https://www.irs.gov/newsroom/like-kind-exchanges-now-limited-to-real-property">forbidden</a> by the IRS back in 2018, but issues regarding 2017 reports are yet to be cleared.The messages from IRS representatives on this issue are <a href="https://news.bitcoin.com/irs-dispels-crypto-tax-confusion/">contradictory</a>, and official guidance has yet to be published.Bermuda: Tax payments with cryptoUnlike the state of Ohio, which <a href="https://cointelegraph.com/news/us-state-of-ohio-suspends-service-for-paying-taxes-with-bitcoin">suspended</a> its service for paying taxes with Bitcoin, Bermuda will be the first government to <a href="https://cointelegraph.com/news/bermuda-becomes-first-govt-to-accept-tax-payments-in-usdc-stablecoin">accept</a> its own stablecoin, USD Coin (USDC), for tax payments, according to global financial services company, Circle.The crypto tax payments are part of a broader initiative that has the Bermuda government supporting “the use of stablecoins and decentralized finance protocols and services.” The Bermudian dollar relies on a U.S. dollar-backed currency, and it seems like the Bermuda’s government is leading the crypto government payments industry. Circle Co-Founder and CEO Jeremy Allaire said:“Bermuda’s Premier made a broader announcement today about embracing stablecoins as the future of the financial system, with a focus on innovations in fintech that can deliver value not just for Bermudians, but also globally via companies licensed under their Digital Asset Business Act.”EuropePortugal: No individuals crypto taxPortugal is one of the few countries that has managed to take advantage of the crypto taxation situation to attract high-net-worth individuals to its territory.Last August, The Portugal Tax Authority <a href="https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are
cryptocurrency and googleGoogle has announced the removal of Metamask, a well known Dapp browser from its app store.Something strange is happening in the cryptocurrency world. Recently, Metamask made the announcement about its removal via an official tweet on Thursday, December 26, 2019. According to it, the Web3 browser referred to Google’s action as uncalled for and unfair.The browser disclosed that Google cited its anti-mining regulation as the reason for the delisting. Metamask, however, pointed out that it does not carry out mining operations.Further adding that this action by Google is just a means to curtail awareness and prevent the adoption of Web3 browsers. The exchange also cited a similar incident last year, where Google also temporary delisted its chrome browser extension.Web3 browsersThe Metamask browser contains a cryptocurrency wallet. One which allows users to store and utilize digital assets as well as operate ethereum based Dapps. This is made possible by browser extensions for desktop computers. While on smartphones, the Web3 browser makes use of native apps.One very important feature of Web3 technology is its decentralization. A system where users are in charge of its control. Though this system comes with a few disadvantages, it is quite famous for its democratic nature. One school of thought sees it as the free evolution of the internet.The digital asset industry has had a tough climb getting to where it is today. Many governmental and regulatory bodies have tried to keep a cap on this budding technology. Right now it seems their effort has gone a notch higher. That said, the popular video-sharing platform YouTube seems to have joined the fight against cryptocurrency. Thus, the social media giant has suddenly deleted several crypto-related channels this week. Though the platform alleged that this was a mistake and has begun to put them back up.Now Google Chrome has without prior notice removed Metamask from its app store. This leaves us wondering if there’s a secret war against crypto going on.

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MediaAnother analyst is claiming that the upcoming bitcoin halving – scheduled for May 14, 2020 – will have no effect on bitcoin’s price. The analyst this time is Meltem Demirors, the chief strategy officer of Coin Shares – a firm that manages digital assets.Demirors: The Halving Isn’t Likely to Do MuchIn a series of tweets, Demirors claims that the upcoming halving isn’t likely to boost bitcoin’s price or influence it positively. She lists up to five reasons why. For the first, she claims:There is a very real possibility the price of bitcoin does not go up after halving. For the first time, there is a robust derivative (futures, options) market for bitcoin. Most firms looking to speculate on bitcoin will trade a derivative, not the underlying.What this comes down to is that most traders and investors are looking to get involved in products of bitcoin, rather than bitcoin itself. The coin seems to have lost some stamina, and thus many are looking more to get into the prospects of futures trading rather than trades involving the actual currency.We’ve already witnessed this behavior in 2019 following the introduction of Bakkt last September. While the platform is designed as a crypto trading platform for institutional traders, it failed to make any serious headway when first brought to fruition. As a result, the system traded less than 75 total contracts prior to the close of its opening weekend, and bitcoin’s price took a nasty hit, falling from roughly $9,500 to about $8,100 in a matter of minutes.From there, however, Bakkt ultimately picked up and saw itself breaking records to trade more than $2 million in BTC-based contracts. The platform has since expanded to allow shoppers to purchase items like Starbucks drinks with digital currency.Demirors lists her second reason in a follow-up tweet, claiming:A topic that’s been studied in other commodities markets is how pricing is set. Bitcoin is, arguably, a digital commodity. Normally, producers set the price of a commodity (classic S = D = P from Econ 101) when derivatives take off, producers lose the right to set prices.More Interest in Crypto Products Than Actual CryptoFollowing this statement, she explains:There is a new market developing for bitcoin – one driven by speculative trading and enabled by derivatives… The more bitcoin becomes an investable asset, the more its price becomes decoupled from its value and its supply and demand. It becomes yet another backwater in the great game of global speculation. It becomes ‘financialized.’ It becomes correlated to macro markets.A halving is when mining rewards for a specific cryptocurrency are reduced. Thus, in May, bitcoin miners will receive considerably smaller bitcoin rewards than what they’re presently earning. This will inherently make bitcoin rarer, which is why some still believe the halving could positively affect BTC’s price next year.Tags: bitcoin, Bitcoin Halving, Meltem Demirors

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<a href="https://www.altcoinbuzz.io/wp-content/uploads/2019/12/Add-a-heading-4-1.png">Alternatives to YoutubeNot that long ago we were boasting that De-Fi and gaming will lead to the cryptocurrency movement. However, the recent Youtube ban has turned the tables. Big names like Ivan on Tech, Boxmining, and Altcoin Buzz got banned. Consequently, everybody started searching for alternatives, particularly decentralized ones. We explored the alternatives for you.Note that this is not a ranking list.<a href="https://lbry.com/">Lbry<a href="https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_1024/https://www.altcoinbuzz.io/wp-content/uploads/2019/12/lbry-1024x429.gif">MediaLBRY is a protocol that allows anyone to build apps that interact with digital content on the LBRY network. It is a free, open, and community-driven digital marketplace that enables content sharing, monetization, discovery, and consumption.LBRY enables people to create databases that no single entity controls, store financial transactions (such as tips, and purchases of paid content) using LBC (LBRY Credits). When a creator publishes something on LBRY, an entry is made on the LBRY blockchain.Features:Set the price per view (can be free too) which is paid directly to the creator.Pricing is completely at the discretion of the creator, and 100% of that price goes to the creator.Content can either be published anonymously or to a particular channel/identity which groups content in a single location.Both channels and claims require a deposit (bid) of LBRY Credits (LBC) in order to reserve their location on the LBRY network.LBRY allows you to sync YouTube content and pays a certain amount for the same.Creators can accept micropayments for every view without worrying about credit card processing fees.A studio could use LBRY to distribute a theatrical release to independent theaters and charge thousands of dollars per download.Any type of content can be shared – video, music, ebooks, images, podcasts – all on the same platform.You get 1 LBC when you sign in and enter your email ID. The website has a simple and sleek user interface. LBRY also has an android app that is easy to use.<a href="https://www.uptrennd.com/login?url=%2Fprofile">Uptrennd<a href="https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_1024/https://www.altcoinbuzz.io/wp-content/uploads/2019/12/uptrennd-1-1024x581.png">Media<a href="https://www.altcoinbuzz.io/?s=uptrennd">Uptrennd is one of the most exciting new platforms in the ecosystem. This fully self-funded project is currently centralized. However, it plans to become fully decentralized within 3 years.Uptrennd focuses on content related to Blockchain only. It will have a methodical diversification of topics in the future.How to earn1 UP Token?Posting contentReceiving an upvote on post or commentReposts earn 50% of the pointsReceiving donations from other usersMonthly and Weekly contestsInviting new users onto the platformExchanging tokens for pointsUse of pointsLevel-Up- The higher a member’s level, the more rewards they can earn. At level one, members earn one token per upvote.Purchase-Advertisement placement in the sidebarHighlighted postsRedeem for Crypto – Exchange points for 1UP tokens.Uptrennd has seen a significant increase in users in the past months<a href="https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_1024/https://www.altcoinbuzz.io/wp-content/uploads/2019/12/UP-1024x300.png">MediaWatch out for our page in Uptrennd: Altcoin Buzz Uptrennd<a href="https://steemit.com/">Steemit<a href="https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_601,h_333/https://www.altcoinbuzz.io/wp-content/uploads/2019/12/steemit.png">Media</a>Steemit is built on the Steem blockchain. Accordingly, it uses Steem cryptocurrency. It reads and writes content to the Steem blockchain, which stores the content in an immutable blockchain ledger, and rewards users for their contributions with digital tokens. Every day, the Steem blockchain mints new Steem tokens and adds…
Looking back at 2019, altcoin XRP witnessed a major drop in its price throughout the year. Currently priced at $0.193, XRP is at its yearly low. Despite XRP’s price, the altcoin stands as the third-largest coin with a market cap of $8.39 billion. Additionally, Grayscale’s report also suggested that XRP had gained “momentum among both financial as well as individual users.” CryptoDiffer’s latest report gave more insight.CryptoDiffer’s latest report focused on the top coins held in prominent cryptocurrency exchange, Coinbase. As per the report,  Bitcoin was the most held coin on Coinbase, with a typical hold time of 89 days, Ethereum’s ETH followed right behind and the typical hold time for the altcoin was about nearly 105 days.MediaSource – CryptoDifferLitecoin was ranked third with a hold time of over 125 days. Lesser-known coin ZRX had the highest hold time of about 142 days. Ethereum Classic‘s ETC had the second-highest hold time of nearly 130 days.Another notable aspect of the chart revealed trading activity of the cryptocurrencies. This is where XRP was ahead of other prominent currencies. As seen in the chart below, XRP was being bought more than it was being sold.MediaSource – CryptoDifferAbout 76 percent of XRP was being bought, making it the highest bought cryptocurrency and only 24 percent of the coin was sold. With 74 percent, Bitcoin was the second most bought coin on Coinbase and about 26 percent of the king coin was sold. ETH and LTC recorded a 66 percent and 56 percent of buying activity, respectively. A Twitter user also affirmed the same,🔥 According to Coinbase, 71% of the trading activity is buying & only 29% is selling #XRP.At any moment, the lid is going to blow and the masses will begin to pour. 🚀HODL!#Crypto #XRPCommunity #cryptocurrency #HodlGang pic.twitter.com/Ofu10dYCMW— HODL (@HodlStyle) December 22, 2019MakerDAO’s DAI and Brave’s Basic Attention Token [BAT] were seen recording the lowest buying activity and the highest-selling activity.

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coinbase-chicago.jpgIt’s no secret that Bitcoin and other forms of crypto like it have been struggling to play catch-up with the far more well-established traditional financial system’s ease of use.Catching Up To Decades Of ProgressThings like mobile apps, digital international transfer systems, and online banking have very smoothly pushed the traditional banking system into the 21st century. Cryptocurrencies, however, suffer from a range of issues that make it less than user-friendly in some cases. The wallet systems were created for advanced internet users in mind, and it shows very clearly in its ease-of-use.However, some people seek to change that. Brian Armstrong, the CEO of Coinbase, has secured a patent for an invention that allows users to send Bitcoin by way of an email. This patent could help propel the San Francisco-based company into the mainstream with broader adoption of the crypto industry.New Patent Heralding New TechnologiesThe patent itself was granted to Armstrong earlier this month, but the filing to achieve it was done back in March of 2015. The patent outlines a system that enables its users to pay via bitcoin through the use of an email address linked to a crypto wallet.The patent goes into detail about how Bitcoin can be sent via email, explaining the various benefits. Among them stands the fact that there will be no miner’s fee to be paid out by a host computer system. With the instant exchange option, merchants and customers are capable of locking in their various fiat prices. There is even a button to tip content creators should customers find their efforts satisfactory. There will also be a Bitcoin exchange that will allow users to set their prices for what they’re willing to sell or buy Bitcoin for, executing the trades when they do.Future of Financial SystemsA notable drawback of this system is that it takes a full 48 hours for a transaction to clear, once the receiver has confirmed payment. Furthermore, there has been no sign that the system will offer support for the other major cryptocurrencies.Regardless, the technology is showing the way and taking a massive stride for cryptocurrency’s mainstream adoption. Mainstream acceptance of crypto has been a long-term goal for Armstrong.Armstrong made his visions of using Bitcoin to create a comprehensive financial system clear, earlier this year. He believes that in as little as five years, Coinbase will focus less on trading and more on the widespread adoption of this financial system.The post Coinbase Crypto Exchange In Development Of New Bitcoin Tech appeared first on InsideBitcoins.com.

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Uzbekistan Places Restrictions on Crypto TradingTough times for cryptocurrency in Uzbekistan as the government places a ban on crypto trading. This is according to a post by a local news outlet. According to it, the ban was effected by the National Project Management Agency.However, not all is doom and gloom. Thus, the regulatory agency still allows the holders of cryptocurrencies to sell their coins on two platforms. Those which have a corresponding license.At the same time, users will need to complete quite stringent identification procedures. The country believes this will help obstruct money laundering.Previously, Uzbekistan was somewhat receptive to cryptocurrencies. Thus, this news comes as a shock to the crypto space. In September 2018, the government even legalized cryptocurrencies. Signing a memo to regulate crypto exchanges, mining and even initial coin offerings (ICO).President of Uzbekistan, Shavkat Mirziyoyev, that same month laid the foundation for a state-run blockchain fund known as the “Digital Trust.” He also signed the law on the inclusion of blockchain technology into the country’s administration.Hard times for cryptoRecently, several countries have turned their backs on crypto. The US, for example, has placed very unfavorable regulations in place. As a result, many exchanges had to ban US users while some exchanges have had to completely relocate out of the country.Besides, India has been quite indecisive with crypto, some of its lawmakers recently tried to completely ban all forms of digital assets in the country.Despite all odds, crypto has relentlessly trudged on. Chinese students see it as the future and two US lawmakers have advised the United States not to stifle digital assets.

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As the year almost comes to a close, everyone wants to get their message in. Even Craig Wright is making headlines, although not in the manner he had hoped for. More specifically, it appears as if Craig Wright can’t prove he is Satoshi Nakamoto after all.A Problem for Craig WrightThe private key associated with one of the core bitcoin addresses has seemingly been lost.Wright confirms he doesn’t know where they key is, which creates a lot of problems.Considering how Craig will need to prove his claim to the bitcoin fortune, something needs to be done. A court ruling earlier in 2019 deemed how Craig Wright needs to forfeit $3 billion in crypto assets.Unfortunately, it seems unlikely that this will be the case, as he doesn’t have the private key to sign transactions.A strange turn of events, considering CSW has always claimed he could easily move funds belonging to Satoshi Nakamoto.This will only fuel more speculation as to who is or isn’t Satoshi Nakamoto.Since day one most people did not believe Craig Wright’s story.That is, for all intents and purposes, still the case in late 2019. Even so, it is possible that CSW will shock the world and fork over the funds in due time.Image(s): Shutterstock.comThe post Craig Wright has Seemingly Lost his Private Keys appeared first on NullTX.

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