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Latin American Markets Continue to Post Record Volume

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P2P Markets Report: Latin American Markets Continue to Post Record Volume

Markets and Prices

This past week has seen Latin American peer-to-peer markets continue to set records for trade volume. For the week ending Dec. 8, Argentina and Venezuela posted a new record for Localbitcoins trade when measured in fiat, while Colombia, Peru, and Venezuela also posted records for trade measured in BTC.

Also Read: Zebpay Exchange Now Live in 21 European Countries

Fiat Volume Records Posted by Argentina and Venezuela

Argentina posted a new record for fiat P2P trade volume on Localbitcoins this past week, with over 9.4 million pesos worth of BTC changing hands. The week also saw a significant uptick in the number of BTC traded, with the 65 BTC comprising the most bitcoins traded in a single week since March 2017.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
ARS/BTC Localbitcoins trade measured in ARS

Venezuela set a new record in fiat volume for the third consecutive week, with 3.2 billion Venezuelan bolivars’ worth of trade. The week of Dec. 8 also saw the third consecutive record for trade when measuring in BTC for Venezuela, with 1,636 BTC changing hands.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
VES/BTC Localbitcoins trade measured in VES

BTC Records for Colombia and Peru

660 BTC were exchanged for Colombian pesos via Localbitcoins this past week, the most in the market’s history. The same week also comprised the fifth strongest when measuring in fiat currency, with 7.1 billion Colombian pesos’ worth of trade taking place.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
COP/BTC Localbitcoins trade measured in BTC

Peru also posted a new record for the number of BTC traded on Localbitcoins in a single week, with 213 BTC exchanged. This comprised the eighth strongest on record when measuring in fiat, with roughly 2.68 million Peruvian sol of trade.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
PEN/BTC Localbitcoins trade measured in BTC

Chile and Mexico Post Strong Volume

The week of Dec. 8 was the sixth strongest on record for Chilean P2P trade, with 196.4 million Chilean pesos’ worth of BTC changing hands. The week also comprised the fourth strongest on record when measuring in cryptocurrency, with 69 BTC traded.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
CLP/BTC Localbitcoins trade measured in BTC

Mexico also saw a strong week for P2P trade, posting the 10th strongest week on record for trade between BTC and Mexican pesos. The week also comprised the strongest since May 2017 when measuring in BTC, with 99 BTC worth of trade occurring.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
MXN/BTC Localbitcoins trade measured in MXN

Do you think recent Latin American volume records will continue to be broken in the coming weeks? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Coin.dance


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.



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Why Ethereum Co-Creator Isn’t Worried About ConsenSys Being Profitable for a While • Live Bitcoin News

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Joseph Lubin is the co-creator of Ethereum and the CEO of ConsenSys, a blockchain venture studio. In a recent interview, Lubin explained what ConsenSys has been up to as of late, and why it doesn’t matter if the company isn’t as profitable as it once was.

Ethereum Gets Its Grand Entrance

Lubin first met Vitalik Buterin – the primary brains behind Ethereum – in 2013. He worked with Buterin and his team to build the Ethereum Network and establish its reputation as not just a cryptocurrency, but a platform that could pave the way for future cryptocurrency projects built on Ethereum’s now ever-popular blockchain.

In 2014, he left and founded ConsenSys, which has worked to build startups from the ground up by helping them establish proper executive teams, build revenue and raise capital. Since its inception four years ago, ConsenSys has created developer tools, decentralized apps (dApps) and even its own education and training academy. Many of these projects have since gone on to raise their own capital.

A Simple Project Goes “Boom”

It’s safe to say that ConsenSys has become a solid ecosystem rather than a simple blockchain project. Lubin is said to be the world’s single largest holder of ether – the official cryptocurrency of the Ethereum network – though he’s been putting much of those funds towards keeping his business in operation. ConsenSys has taken some nasty hits this year with the extended price drops of cryptocurrencies like ether, but this isn’t necessarily getting under his skin.

Always Seeing the Positive

When asked if ConsenSys was still profitable, Lubin said:

“We’re still in the burn. We’ll probably be that way for a long time, just because we’ll continually invest rather than try to extract profits. If you [were to] consider some of our token launches revenue, then we’d be profitable, but a lot of those tokens are things that we’re going to keep frozen for a long time. If we calculated everything, then yes, we’re above zero.”

He also says that nothing could have prepared him for the growth rate of ConsenSys, and he admits that the company potentially “grew too fast.” So fast, in fact, that he had little to no time to induct every employee or new individual into the company culture appropriately, though in the long run, he comments that fast growth is always better than slow growth:

“Tons of growing pains, sure. We’re trying to get better with our onboarding process. We’re growing too fast; we felt that was necessary because the alternative, growing too slow, would have been much more problematic for our product teams and consulting arm.”

Let’s Keep Things Fair!

In the end, he comments that ConsenSys isn’t trying to rule the world like Amazon or Apple. Rather, the goal is – and always has been – to keep the world from being ruled:

“We’re trying to decentralize ourselves. Essentially, various technologies have enabled technologists to pile stacks of value higher than ever before. Those stacks of value [have been] contained within firms, but if we have these protocol-based open platforms, these network business models, then ownership will be much more decentralized. We’ll have companies [with] tokenized securities, and we’ll have these networks that offer products and services.”

Do you consider Joseph Lubin to be one of the industry’s leading figures? Why or why not? Post your comments below.

Image courtesy of Shuttershock

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Alávaló reklámfogással próbál ügyfeleket nyerni a Coinbase Venezuelában

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Komoly közösségi média visszhangot váltott ki a Coinbase új akciója, amely során Zcash-ban (ZEC) 1 egész dollárt (jól olvastátok, kerek 284 forintot) adományoz a szegény venezuelai családoknak minden egyes nap.

Nem nyúlt a zsebébe a múlt évben 1 milliárd dollár bevételt elérő Coinbase

Egy december 11-ei Coinbase blogbejegyzésben a vállalati vezetők által megálmodott ’12 days of Coinbase’ (azaz, a ‘Coinbase 12 napja’) azt a célt szolgálja, hogy segítsen azokon, akiknek nincs elég.

A körülményeket figyelembe véve nemesnek is nehezen nevezhető iniciatívát kihasználva bizonyára belekontárkodhatott a vállalat üzletfejlesztési osztálya is az akcióba ugyanis gondolták, mi lenne, ha akkor azt az árva napi egy dollárt, ami körülbelül kutyakajára elég még ott is, Zcash-ben utalnák át. Minden tiszteletet megadva a privátcoin Zcash csapatának, nem sokan használnak ZEC-et Venezuelában, annál többen bitcoint és dash-t. A Coinbase december 5-én listázta a Zcash-t melynek a jelenlegi árfolyama 2017. áprilisa óta nem látott negatív magasságokban röpköd.

“A címzettek élelmiszert és alap cikkeket vásárolhatnak a helyi üzletben, ami egyben kriptót is elfogad, ezzel támogatva a mindennapi kiadásokat — ez az 1 USD-vel egyenlő felajánlás 1-2 kiló proteinre vagy 2 kiló keményítőre és zöldségre elég,” áll a bejegyzésben.

A kezdeményezés révén 100 családot napi 1 dollárnyi ZEC-el támogatnak három hónapon át a GiveCrypto oldalon keresztül ami történetesen a Coinbase CEO Brian Armstrong egyik startupja (ilyen összefonódások esetén Magyarországon már menne a mészárosozás ezerrel).

Ahogy a kezdeményezés publikussá vált a Coinbase és Armstrong Twitterjét elárasztották a negatív vélemény nyilvánítások. Egyesek csak szkepticizmusuknak adtak hangot, mások undorukat és megvetésüket kiáltották világgá.

A hozzászólók, beleértve a hiperinflációval és mélyszegénységgel küzdő venezuelaiakat is rámutattak, az ilyen kezdeményezések – beleértve a dash nyomulását is Venezuelában – célja nem a szegények megsegítése, hanem az altcoinok hirdetése és nem több hitvány marketingfogásnál.

Venezuela a 8 milliárd dolláros piaci kapitalizációjú Coinbase kísérleti nyulává vált, jegyezték meg sokan.

“Nem látom át, hogy egy # kriptovaluta adomány hogyan segíti az embereket (Venezuelában),” kommentálta José Rafael Peña, a spanyol nyelvű CryptoNoticias híroldal szerkesztője.

“Annyi kriptovaluta adományakciót láttam már a szegényeknek, hogy már csak egy adományozók által indított hirdetési stratégiaként tekintek rájuk.”

 

“Te darab sz@r”

Voltak akik ennél jóval extrémebb verbális abúzúsba kezdtek, jogosan.

Brian Armstrong bejegyzését kommentálva Udi Wertheimer szoftverfejlesztő különösen kiakadt a milliárdos bitcoin váltó fösvénységén.

“A ‘Venezuela mém’ egy éve kissé elcsépelt a ‘kriptó’ csalók körében, de sokkolva látom, hogy Brian ugyanezt csinálja,” twítelte.

“Adsz 1 dollár értékű Zcash-t a venezuelai családoknak? (Menj a p…csába). Adj nekik USD készpénzt te rakás sz@r. Hihetetlen[.]”

“És most komolyan eladományozol 10 000 dollárt? Ez valószínűleg az az összeg, amit *másodpercenként* az ügyvédeidre költesz hogy megúszd mindennek a sz@rnak a listázását. Büszkének kellene lennünk rád? A dogecoinosok tripla annyit összegyűjtöttek a tiszta ivóvíz  akciójukkal *kib@szott 2014-ben*!!!”

Egyébként is rájár a rúd mostanában a Coinbase-re. Pár nappal korábban a TechChrunch publikált egy cikket a Coinbase frissen listázott 30 új altcoinjáról, ahol a Coinbase altcoin  kaszkadőrmutatványát shitcoinokkal való maszatolásnak állítja be.

Borítókép: id. Peter Brueghel: A hét fő bűn, fösvénység





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OneHash Announce the Release of CyberDice – The Brand New Game Set to Exceed High Standards in the Bitcoin Dice Industry

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Bitcoin Press Release: OneHash, the fastest-growing mutual and exchange bitcoin betting platform has just announced the release of the brand new bitcoin dice game called CyberDice. CyberDice is the company’s reply to the growing competitiveness in the Dice market, and introduces improved gameplay and a pack of new features. The game itself relates to the Cyberpunk universe.

12th December 2018, Willemstad, Curacao – CyberDice is a huge step towards strengthening the leadership position in the bitcoin entertainment market. The game includes the new features that were identified to be most crucial for the gaming community – leaderboards, the regular contests, chat to make the community stronger and more vibrant and many more.

The Cyberdice Platform

The company is convinced that the new Game with the set of new features in connection with the world-class visuals and storytelling will provide the best possible gaming experience in the cryptocurrency entertainment market. Phillip Miller, the Brand Manager at CyberDice, said:

“Our goal is to offer our players the most diverse, interesting, and fun experience. This is the only way to win in a highly competitive gaming environment. Players need to enjoy the game and feel special, but this can only be achieved through constant innovation that answers their needs. Users value their community as well as promotions and rewards, tailored to their playing style. Our newly developed features answer those needs and we’re confident that player will love them.”

The contests and community features are just a part of the gaming experience provided by CyberDice. The platform points out all the features that make it ready for the most demanding gamers:

  • A provably fair system
  • Regular faucet
  • Low house edge
  • 100% mobile-friendliness
  • Unique design and UX
  • Affiliation program
  • 24/7 active support
  • Full security

The comprehensive set of features are not the only thing that makes the new platform special. The game was designed to provide the best possible experiences by being embedded in the post-apocalyptic cyberpunk universe. The team responsible for CyberDice has introduced the Oracle concept (in the form of a cube), which role is to tell the future to people not afraid to know it. The beautiful graphics combined with strong storytelling makes the game extremely fun to play. In regards to this, Phillip Miller said the following:

“The years of our experience in the gaming industry led us to the point where we’re able to build the best products. CyberDice is the first step, but there are many more ahead of us. Since most of our team members are into tech and gaming, we’ve decided to combine these two passions and create the game that we all’d love to play. CyberDice touches topics that are important for all of us and asks the question – how the future is going to look like? I believe this is the thing that makes this game so exciting.”

OneHash representatives say that the game will be constantly improving and there are many features to come in the upcoming weeks. Recently, the company also announced the release of new competitive games – Moon (the classic bitcoin crash game) and Goals, which complement and enhance the current OneHash gaming offer, consisted of classic gambling games – Dice and Slots.

About OneHash & CyberDice
Founded in 2014, OneHash is a leading and fastest-growing bitcoin mutual and exchange betting sportsbook and casino platform. OneHash provides a secure & trustworthy betting service that allows betting on all the biggest sports and eSports events, as well as curated special events from the cultural and political areas such as the Oscars, Grammys, all major elections and many more.

CyberDice is an online cryptocurrency dice game. It’s developed by the same, experienced team responsible for OneHash. Its top-tier features, unique design, and active community make CyberDice one of the most outstanding gaming experiences online.

To find out more information, visit the Website: https://cyberdice.net
Connect on Facebook: https://www.facebook.com/CyberDiceGame/

Media Contact Details:
Contact Name: Phillip Miller
Contact Email: [email protected]

OneHash is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.



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What is Osmium?

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What is Osmium?

Osmium is a precious metal. The rarest of all noble metals. It has several unique characteristics that make its market very special and interesting. In the past osmium was used as an alloy for changing characteristics of other metals to make them harder and durable.

The possession and storage of mined osmium are not uncritical since it is considered to be toxic in its native form the “osmium sponge” – a form of powder. This powder tends to form osmium tetroxide, which is responsible for the health hazard. For this reason, osmium it is not allowed to be traded by private parties.

Since the 1990s a group of metallurgists have developed a method of overcoming this problem and succeeded in discovering and perfecting the process of crystallization.

This process changes the crystal structure of osmium and massively limits its chemical reactivity. In its unreactive crystalline form, osmium behaves even more “noble” than the other precious metals. It also takes on a mythical and mysterious glow in the sunlight. It is the upcoming superstar for the jewellery market of the next decade.

Within the last three years, the price of crystalline osmium has more than tripled.

Why You Need to Invest in Oicoin

As an OiCOiN owner, you are involved in the worldwide total sales of the rarest and most expensive precious metal in crystalline form.

Behind OiCOiN is an already existing and well-working business concept.

Osmium has begun to being used in crystalline form in the jewelry industry. Hublot – the famous watchmaker is producing a series with crystalline osmium as a dial.

The osmium concept is to be set up internationally with the help of the OiCOiN to make this precious metal known with all its incredible attributes. Once that happens and the demand for osmium increases, there will be a sharp price increase. The globally minable osmium over the next 10 years is a raw material cube with about 2 meters edge length. This means osmium is 4,000 times rarer than gold!

Mining osmium in platinum mines – this is where it comes from – has breathtaking backgrounds: only 30 grams of osmium are contained in 10,000 tons of platinum ore. This is an equivalent to 250 full truckloads.

Already, one ounce of crystalline osmium is traded for over € 30,000. If suddenly there is no more minable raw material, this price will multiply.

How will OiCOiN invest the funds?

Funds raised from the OiCOiN-ICO will be used to establish an international network of national osmium institutes and to place the precious metal regionally in the investor and luxury segment.

10% of the worldwide sales of crystalline osmium, which the German Osmium Institute generates, will be distributed to the OiCOiN holders. Thus, the ICO participants benefit not only from the price increase but also from the daily sales of crystalline osmium.

The main difference to so many other ICO’s is, that there is a real participation on revenue – not profitability.

A calculation example:

If 10,000 ounces are sold worldwide in a single year (which equates to just over 300 kg), more than € 50 million (in ETH) will be distributed to token holders (calculation examples to be found within the OiCOiN white paper).

Cryptocurrency Investing

The OiCOiN has a long-term plan as it has an inner value. It is a security token. The coin holder is entitled to a share of revenue of all global sales of crystalline osmium. Have a closer look at the whitepaper. It is an incredible opportunity.

Here, you’ll get an understanding of what the team strives to achieve. Also, check the precious metal world and look at texts and videos you can already google on osmium. It is even better than the story we had on platinum in the 1970ies.  

Cryptocurrency Vs Precious Metal

The OiCOiN crypto coin is pegged against the crystalline osmium metal. As a precious metal, it’s much scarcer than gold. Buying crystalline osmium is a secret tip in the noble metal industry. Buying an OiCOiN is even better – it is linked to the anticipated price increase of osmium as well as to its global revenue.

https://www.oicoin.io/

What’s Your Thought On This ?, Let Us Know In the Comment section Below.


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Twice as Many Roulette Wheels Means Twice the Amount of Fun

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Twice-as-Many-Roulette-Wheels-Means-Twice-as-Much-Fun!

We’ve done the math, twice as many roulette wheels is at least double the fun of regular roulette. If you are up for a challenge, you can head on down to our live casino suite and try your hand at Duo Roulette. With streams available from the International Casino and the St Vincent Resort, you have the freedom to pick a game that suits your pace.

In duo roulette the rules are the same as regular roulette, only there are two wheels running in the same feed, meaning you can place twice as many bets from the same window – perfect for players who love roulette action.

Buckle Up for the Ultimate Roulette Experience

We will be honest with you; due roulette isn’t for the faint-hearted – keeping track of bets on two tables at once can be rather tricky. If you’re up for the challenge, you can place twice as many bets and potentially win twice as much money – pretty good tradeoff, right? Roulette doesn’t get more exciting than two wheels spinning in tandem while you frantically try to place your bets for the next round.

International Casino is a Little Slower

Out of the two options available from Authentic Gaming, International Casino plays a little slower. There is generally more foot traffic in the casino, meaning the dealer takes longer to accept all bets and start spinning the wheel. If you’re just getting into the marvelous world of duo roulette, this might be the best feed for you. The feed from the St Vincent Resort is faster in terms of spins per hour, but it’s not so fast you can’t enjoy yourself.

Both Wheels are European

If you like to play American roulette, you’re out of luck here unfortunately. Both of these streams use the European wheel, meaning you can’t place those five number bets. Don’t worry though, you can still take advantage of the En Prison rule even while you play on two wheels at once – the rules remain exactly the same.

Too Much Action for Specific Bets

Most of the time, you will find yourself focusing on one wheel more than the other – it’s just human nature. However, from time to time you will likely end up placing a bet on the second wheel, especially when the casino floor gets really busy and the table play slows down to a 5-minute round. Keeping track of two wheels at once makes placing bets via a system – such as the Martingale system – a thrilling challenge. If you do try and use the Martingale system in duo roulette, make sure you keep track of your bankroll and the next bet – otherwise you could burn through your cash faster than anticipated.

If you’re looking to climb up the Table Wars leaderboard quickly, duo roulette is your best friend. With the ability to place twice as many bets per spin, you will rack up double the points – meaning you’re going to get a larger share of the €1,000 weekly prize.

Until midnight CET on January 20th, when you place bets on table games – like duo roulette – you will start to level up in our Bora Bora Adventure promotion. While table games level you up slower than slots, you can still compete with a fighting chance thanks to fast-paced games like duo roulette.

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Ethereum Miners May Be Exposed to a Hacker Mass-Scan Campaign

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Think you’re working hard at making an extra income even while prices are down? If you’re not careful and don’t heed the warnings about port 8545, you may just see all your ETH disappear overnight.


According to crypto-jacking and cybersecurity research firm Bad Packets, a mass-scan campaign is active at the moment. Hackers are on the lookout for internet-exposed Ethereum mining equipment and wallets.

Bad Packets Co-Founder Troy Mursch told ZDNet that this scanning campaign has actually been active for over a week, starting on December 3.

Scanning for Exposed Wallets and Mining Equipment

Hackers search the net for any devices that have port 8545 exposed on the internet. If you’re not sure what that is, it’s basically the standard port for the JSON-RPC interface of certain types of Ethereum mining equipment (particularly Geth) and Ethereum wallets.

This JSON-RPC interface is an API that allows locally-installed services and apps to find relevant mining and price related information.

Price analysis

For security reasons, the interface should, in theory, only be locally exposed. However, some mining equipment and wallet apps and make it available on all interfaces.

To add insult to injury, many of the JSON-RPC interfaces don’t come with a default password. This means that if the user has failed to set one, the device is completely exposed.

It’s easy money for the hacker. All they have to do is locate the wallet or mining equipment, send the right commands, and remove all the ethereum 00 from the victim’s address.

Port 8545 Is Not a New Problem

Ethereum has long been aware of the port 8545 issue and sent out a warning to all miners using Geth equipment back in 2015. They advised of the danger of using the type of equipment and also let Ethereum users know that this software exposes the API interface to the internet.

They also recommended that users took extra precautions by adding a password or using a firewall to block unwanted incoming traffic for port 8545.

The warning worked for some time, but memories are short in the crypto-sphere. While plenty of miners and wallet makers either took the appropriate precautions or removed the JSON-RPC interface completely, the effort wasn’t industry-wide.

Moreover, there’s more than one way to fall victim to vulnerabilities in the Ethereum network. Just last month, researchers found another major flaw that allowed hackers to drain exchanges by burning their ETH on high transaction costs.

Don’t Let Ethereum’s Tanking Price Deceive You

Back in 2015, hackers scouring for ETH were not so prevalent, but when Ethereum reached giddy heights of over $1,300 in January 2018, plenty of high-profile hacking attacks began coming to light.

Among the worst of these happened in June 2018 when a scanner managed to amass over $20 million worth of Ethereum at the then-price of around $600.

Since the price has tanked with the altcoin seeing some 90% shaved off its value, the port 8545 issue has been buried in the background.

But don’t let the low price deceive you. Even if ETH is trading at less than $100 these days, hackers are indiscriminate. They will still take a small amount from a lot of people and make a large profit over time. Said Mursch:

Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it’s pennies a day.

According to their Twitter account, Bad Packets found that the scan activity had actually tripled compared to last month despite the rock-bottom price.

It’s thought that around 4,700 devices (most of which are Parity wallets and Geth mining equipment) are currently exposing their port 8545. Worse still? Hackers can even find free tools to exploit this vulnerability and attack Ethereum users through the port.

So if you’ve been lax on your security or focusing all your attention on the price, just remember never to leave your back door (or your port 8545) completely wide open.

Will this vulnerability further hurt ETH price? Share your thoughts below! 


Images courtesy of Shutterstock, Bad Packets LLC

The post Ethereum Miners May Be Exposed to a Hacker Mass-Scan Campaign appeared first on Bitcoinist.com.

Bitcoinist.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.

 

source: https://bitcoinist.com/ethereum-miners-port-8545/





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Weiss Ratings Believes It’s Time to Purchase Bitcoin |

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During the last year, Bitcoin (BTC) has been in a bear market that affected the whole market. Several virtual currencies have lost more than 95% of their value while others were not able to keep operating. However, Bitcoin has also been affected. Since its all-time high in December 2017, it lost more than 80%  of its price.

Nevertheless, Weiss Ratings, the independent rating agency that rates virtual currencies, wrote a tweet in which they say that this is the best moment to buy Bitcoin during the year.

Weiss Ratings Says Bitcoin is Becoming a Good Buying Opportunity

Although Bitcoin is not recovering from the last bear trend, there are some analysts that believe that it is a good time to purchase Bitcoin (BTC). In a recent tweet, the company that rates virtual currencies and other companies said that Bitcoin is here to stay.

On the mater, Weiss Ratings wrote:

“BTC is getting to such low levels that it’s becoming one of the best buying opportunities of the year. As a store of value, Bitcoin is here to stay. We truly think it’s the least speculative investment a person can make in crypto right now.”

There are many experts currently talking about Bitcoin’s future and the bear market that is affecting the whole industry. However, there are bullish comments being made by firms and individuals.

Weiss Ratings provides research, data and information about stock markets, ETFs, insurance companies and also cryptocurrencies. With its trajectory in the space, Weiss Ratings gained a space in the crypto market and their analyses are taken very seriously in the industry.

In the near future, there are many things that could start a new bull market in the space. For example, in January, the Intercontinental Exchange (ICE) is expected to launch the so-called Bakkt platform and allow institutional investors to enter the market. This would clearly allow new funds to purchase virtual currencies and have a substantial impact on the market.

Furthermore, the U.S. Securities and Exchange Commission could also approve the first ever cryptocurrency exchange-traded fund (ETF) in February. If that happens, one of the most important regulatory agencies in the world would be legitimizing Bitcoin as an established investment asset.







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Money Forward’s New Crypto Exchange

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Money Forward Financial is a Japanese business owned by the Tokyo Stock Exchange. The company has a product called Money Forward Me, which is a personal finance accounting app used by 7 million people to date. Money Forward Me will add crypto trading functionality in the coming weeks, giving users a convenient way to integrate crypto into their conventional financial lives.

Western readers may be familiar with Personal Capital, the app in which users can bring together all of their financial data in one place. Like Personal Capital, Money Forward Me lets users interact with checking and savings accounts, investment accounts, credit cards, real estate holdings, and more, all within a single unified interface.

This bookkeeping tool is extremely convenient for keeping track of one’s finances in the complex modern world. No longer are these financial portals separated on different websites. With the upcoming exchange, Money Forward brings crypto under this same roof. To begin, users will be able to trade BTC, Bitcoin Cash, and Ethereum ETH. Live trading will be supported from day one. Additional cryptocurrencies and margin trading will not be available at launch but could be introduced later.

Why Money Forward Integration Matters

Tokyo Stock Exchange The Tokyo Stock Exchange has taken a step forwards in interconnecting cryptocurrency with traditional banking

For its entire history, cryptocurrency has been fairly well cordoned off from the world of conventional finance. Consumers may have been able to dabble in Bitcoin, but trading fiat for Bitcoin (or trading back) was very difficult for many years – even impossible in certain markets. Interconnecting cryptocurrency transactions with traditional banking services was well nigh impossible for most.

That a Tokyo Stock Exchange-owned company is bringing crypto aboard with its conventional banking services could represent a sea change in one of the world’s most important blockchain markets. Money Forward’s existing banking services include accounting, tax return services, automated savings applications, invoices, payroll services, and data services for businesses.

Money Forward is listed on the Tokyo Stock Exchange. After the introduction of crypto sales, Bitcoin, Bitcoin Cash, and Ethereum will be fully accessible through a company within the Japanese stock market mainstream. We may not see Bitcoin BTC listed on the TSE for some time yet, but this is a major move towards crypto sector mainstream legitimacy.

Money Forward apparently had to struggle somewhat to get their plan approach by the Financial Services Agency (FSA). A single hack saw Japanese crypto exchange Coincheck lose hundreds of millions early this year, so Japan has been more cautious about allowing new domestic exchanges to trade in crypto.

A Money Forward representative expressed that FSA conversations have been proceeding smoothly and that he expects the exchange service to go live in March 2019. In fact, Yamane Hidero, formerly the inspector for the FSA, is now the leader of Money Forward’s internal control department.

Featured image source: Facebook



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Crypto Book Preview: Would Mastering Ethereum Be Worth My Time & Money?

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Andreas Antonopoulos, a well-known Bitcoin (BTC) maximalist, will soon have a new book out called Mastering Ethereum. The book has already been completed but it won’t be shipped out until December 25th (Christmas time). There are all kinds of discounts on Amazon for it, and you can go check if it ships to your location, etc.

As usual, you can take a sneak peek into Mastering Ethereum and when you do, you’ll learn that the book is mainly for programmers. While its target audience is coders, others can read the first few chapters to get an idea of the fundamentals behind how blockchain technoology and something like Ethereum, a world computer, should work and how they are working at present.

Can You Start Mastering Ethereum With This Book?

Because we don’t have the actual book right now, it’s not really possible to do a standard book review. However, what we can do is a “book preview”, meaning given Antonopoulos’ work and contributions to the crypto space so far, we can make an educated guess about whether this new, Mastering Ethereum, will actually be any good, or not.

Globe Trotter

For one, Andreas is a globe trotter as he has now visited over 50 countries. During his visits, he delivers extensive lectures on how blockchain technology works. He often gives an objective and fair analysis of whatever it is he is talking about. In the crypto community, which does not have much of a following compared to other things, Andreas has hundreds of thousands of followers. While this doesn’t necessarily mean that his book Mastering Ethereum is worth your time and moneychances are it probably is – when compared to what your alternatives are at this time.

Academic Credentials

Common sense says that if he’s out there lecturing about blockchain while also having the academic credentials in this space to do so, which many don’t, then that means he knows a thing or two. You can check out his LinkedIn profile because I’m not going to read off his credentials and work experience to you. To verify that info, you can easily do so. Hopefully, if you’re reading about whether to buy Mastering Ethereum, you know how do that.

Reasons Not To Buy

Whatever you’re trying to learn, chances are the information is already out there on the internet. Therefore, paying for it does not make much sense. You can argue that the convenience of having a book might be worth it, but we all know there are alternatives to that. Let’s forget about this one though because then there might never be a book worth buying, except for Harry Potter series.

Overall, It’s A Buy If You’re Really Into The Crypto Space

Other books Andreas has written include Internet of Money & Mastering Bitcoin and these have been fairly well received by rational people. So, it would be fair to assume that it’s probably a good idea to buy Mastering Ethereum as making any other kind of investment in Crypto such as Shitcoins is not worth it as we’ve seen.

Here’s the link to the book.

For our previous coverage of Andreas, here’s a link to CryptoCoreMedia January 2018 Magazine Edition.