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The BCA Organization Will Donate $1K per Month in BCH

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The Bitcoin Cash Association (BCA) has announced the organization will begin funding the Eatbch charities every month. There are two Eatbch-associated groups helping the citizens of Venezuela and South Sudan acquire food by using the proceeds from bitcoin cash donations.

Since the project’s inception, the effort has grown from one country to two. Multiple times a week, men, women and children are given nourishment from the Eatbch team. BCA says they are in “close contact” with the Eatbch project and the organization says they are aware of the financial hardships the organizers face.

“Starting now the BCA will support the EatBCH initiative with $1,000 per month in funding to go towards helping feed people that are most in need — The $1,000 will be split evenly between the Venezuelan and South Sudanese parts of the project”.

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Bitcoin

Billionaire Tim Draper Reacts to Jamie Dimon Launching His Own Cryptocurrency

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Tim Draper

Nearly two years after JPMorgan Chase chief Jamie Dimon famously bashed bitcoin, calling it a “fraud” and “worse than tulip bulbs,” he announced Opens a New Window. that his bank has created its own cryptocurrency Opens a New Window.

Dubbed JPM Coin, the new tokens, are set to be tested on clients of the big bank’s wholesale payments Opens a New Window. The news comes as big switcheroo to some, who thought Dimon was against the new technology.

“Not many bitcoin knock offs have worked particularly well, but they all add to the interest in bitcoin,” Draper told FOX Business on Sunday. He compared the news to “a bellwether akin to Apple welcoming IBM into the PC business.”

While the price of bitcoin did not have any immediate reaction to JPMorgan’s news last week, it has jumped more than 5 percent over the last 24 hours, according to CoinMarketcap.com.

Draper, a longtime venture capitalist, who has been right about investing in big companies such as Skype, Hotmail and Tesla, has poured hundreds of millions of his wealth into bitcoin over the years because he believes its technology blockchain will be the centerpiece of our new “virtual world.”

“This is going to be the biggest change in the history of the world and it’s so exciting,” Draper told FOX Business last May. Opens a New Window. “I thought the internet was super exciting, but this is going to completely change everything and the government itself is going to change.”

And despite bitcoin’s rapid price decline from a record high of about $20,000 in December 2017 to about $3,900 today, he believes by 2022, bitcoin will hit $250,000.

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Blockchain

Germany Consults Industry About Blockchain Potential

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Germany

Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by the summer, government sources said on Monday.

Berlin is a hub for startup companies of which around 170 in one way or another look at blockchain, the distributed ledger technology that underpins the bitcoin currency.

There is great interest from would-be participants and investors across a raft of industries including cars, pharmaceuticals, energy and public sector administration that hope to transform mass market processes via blockchain.

According to the sources, companies and industry groups that could become stakeholders in a blockchain deployment process in Europe’s biggest economy were invited to supply recommendations from this week onwards.

While concrete results were being sought, it was as yet unclear whether those would immediately materialize in any legislative moves, they said.

Blockchain startups have said that without a legal framework, there are high entrance hurdles. Governments urge caution toward cryptocurrencies that run on the technology.

Few major economies worldwide have crafted comprehensive strategies on how to nurture blockchain startups. Some, including Britain and Singapore, have allowed such firms limited freedom to experiment with innovative applications of blockchain in the financial sector.

Other smaller jurisdictions, notably Malta and Gibraltar, have tried to lure young companies by creating laws designed to encourage the growth of such firms.

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Blockchain

NetCents Technology Eliminates Blockchain Transaction Delays With Zero Confirmation and Risk Analysis

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NetCents to announce that it has released its Zero Confirmation and Risk Analysis technology that guarantees cryptocurrency transactions before they are confirmed on the blockchain.

“The delay in transaction approval is the biggest hurdle for card present, retail merchant and partner adoption. As it is right now, there is a delay for all cryptocurrency transactions, opening a window for transactions to timeout, fraud, and double spending,” stated Clayton Moore, CEO of NetCents Technology. “The launch of this technology lines up with our POS and terminal integration and rollout. Being integrated with companies like Oracle and PAX, who alone has over 26 million terminals, the delay at the point of sale was something that we knew we needed to eliminate to instill confidence for retail merchants to begin accepting cryptocurrency and avoid transaction delays for the consumer.”

In addition, the Company will be licensing this technology to cryptocurrency payment processors, retailers, and any business that is looking to validate a transaction before the transaction is confirmed on the blockchain. There are currently over 287,000 blockchain transactions per day that this technology can be applied to. With the wait time currently being the biggest hurdle for retail adoption, this technology eliminates that hurdle which the Company anticipates will further drive merchant and transaction growth.

The NetCents Zero Confirmation and Risk Analysis technology facilitates near-instant, risk-mitigated commerce, guaranteeing the cryptocurrency transaction before it is confirmed by miners on the blockchain. The technology provides a score for each transaction, guaranteeing the transaction against double spend, expiration, and other fraud. If the transaction passes the NetCents scoring algorithm, the transaction is approved with 0 confirmations. At launch, the Company will be using this technology for all Bitcoin transactions and will be rolling out for Litecoin and Bitcoin Cash transactions within the next 6-weeks.

This platform enhancement reduces the wait time at point of sale transactions which the Company has seen take up to 30 minutes. With Zero Confirmation and Risk Analysis, NetCents is now able to deliver near real-time confirmation for 98% of all Bitcoin transactions.

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Business

Crypto Exchange Bitsane to Announce a New Game-changing Feature – Active Trade Orders Editing

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Crypto Billionaire

Bitsane announced the launch of a new option – the ability to edit active orders, which is now available to Bitsane users. This exclusive option allows traders to adjust the price and the volume of their active orders. In this case, the price of an order may be changed by up to 5%, and the change of order volume will not be limited. This option enables users to respond to the currency fluctuations, avoid mistakes, and to achieve the maximum result while trading is conducted on the Bitsane platform.

A significant increase in the number of market participants demonstrates the main rule: when trading platform is selected, users put first usability, safety and advanced trading opportunities. It has motivated the Bitsane team to introduce the option which has been mentioned.

For three years, the team has been improving and developing the service for users. Bitsane has integrated with TabTrader Trading Terminal, granting its users the opportunity to utilize all the tools for trading within one app. Platform has listed new currencies one of which is Tether and has become the first exchange to add unique Tether/Euro trading pair.

Bitsane is a European cryptocurrency exchange which was launched in 2016. A convenient system of cross-currency trading allows users to choose the desirable pair for trading, and thus grants the ability to save both time and money. Users’ funds are effectively protected by a “cold storage” system with an enhanced level of security. These advantages create a perfect basis for an active trading.

Over 20 top popular cryptocurrencies are available on the trading platform, such as BTC, LTC, ETH, USDT, XRP, EUR, USD, BCH, BSV and others.

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Blockchain

$3.46 Bn Blockchain in Energy Utilities Market

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Elon Musk

The global blockchain in energy utilities market is estimated to be $210.4 million in 2018 and is expected to reach $3,460.4 million by 2024, growing at a CAGR of 59.4% during the forecast period 2018-2024.

Blockchain supports energy trading across a wide range of commodity markets including crude oil, refined products, natural gas, and electric power. Within each business segment blockchain-powered solution can be deployed that produce, refine, distribute, and retail trade information related to pricing, position management, logistics, and risk reporting.

Furthermore, power utilities can optimize the generation, distribution, and consumption of electricity through blockchain technologies. The development of specially designed blockchain solutions for electricity grids and new players such as decentralized producers of renewable energies are regularly generating large amounts of data that energy companies need to address.

New users of electricity such as electric vehicles, connected houses, and new communicating equipment such as smart meters, sensors, and remote-control devices, are also causing a surge of data that the energy companies will have to capture, and examine in order to make informed decisions. Blockchain technologies offer suitable solutions for power utilities to achieve greater reliability, efficiency, and flexibility, and to preserve the balance between consumption and production in a rapidly changing energy landscape.

In addition, there is a lack of industry standards, which is still in the development phase. In the digitally connected world, the blockchain in energy utilities market has reported a significant growth and is presenting ample opportunities for the industry players. The blockchain solutions and services are used by organisations of all sizes (small, medium, and large) across power sector and oil & gas sector.

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Business

ChainFront Announces Support for Ripple and Ethereum

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ChainFront, an API-as-a-Service company that removes the complexity of using, building, and managing blockchain wallets while maintaining enterprise-grade security, today announced the launch of Ripple and Ethereum integration to the ChainFront API platform. Now, developers creating applications built on the Ethereum or XRP Ledger blockchains can eliminate the need for end-users to manage their own security and bank.

ChainFront allows developers to provide their users with a secure and easy way to approve transactions without the need for them to manage their own private keys. With the launch, developers can empower end-users, be they consumers or inside of enterprises, to easily execute transactions with username, password, and multifactor authentication. Developers building applications that want to execute XRP or Ethereum transactions can request an API key at https://developers.chainfront.io.

“The XRP Ledger and Ethereum are at the forefront of blockchain development. With some of the fastest transaction times, XRP may be one of the first cryptocurrencies to gain widestream consumer and enterprise adoption and Ethereum has the most global active users aside from Bitcoin. But like all blockchains, wallets still present a challenge to application developers and their subsequent end-users. With the launch of our API for Ripple and Ethereum, ChainFront has created a way for developers to remove the complexity of interacting with Ripple or Ethereum for anyone,” said Alan Warms, CEO, ChainFront.

Blockchain wallets allow-end users to store private keys and execute transactions. However, if a user loses their on-device wallet (on a mobile device, or browser) via a hack, theft, loss of the device, or an upgrade, and they fail to backup their private keys, their ability to execute transactions and access their cryptocurrency is gone forever.

With ChainFront, backing up keys and needing to keep track of an on-device wallet is completely removed from the equation and developers can create secure, simple user experiences. Private keys are created within the secure area and never transmitted elsewhere. ChainFront utilizes Vault by HashiCorp as a virtual Hardware Security Module. Vault is a secret key management and data protection tool which offers code-loading support, and powers all of the cryptographic operations in the ChainFront platform. The service is deployed in private subnets of Amazon Web Services (AWS), unreachable via the public internet, using the AWS security model. This security model provides confidentiality, integrity, availability, accountability, and authentication. AWS also provides multi-regional backups and redundancy. FIPS 140-2 compliance is available.

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Bitcoin

Chinese Bitcoin Bull Predicts Bitcoin to Hit $740,000

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Zhu Fa, co-founder of crypto mining pool Poolin, recently made a bullish statement on bitcoin’s price, predicting that bitcoin would surge to new highs at 5 million Chinese yuan (roughly US $740,000).

From record high above $17,000 to year lows near $3,000, Bitcoin’s year-long turbulence has not discouraged crypto bulls. The operator of the world’s fourth-largest mining pool with over 11% of global hashrate still goes hyperbolic on bitcoin price forecast despite the current sluggish climate.

There’s some consensus in the industry that the highs will be 10-20 times what they were in the previous bull run, that means, the new highs in the next bull would be 1 million to 2 million yuan, and 500,000 to 4 million yuan with a 50-200 percent margin of error, he says, however, bitcoin price will not always go up like this. Some claim that the next bull will be the last run, in this sense, an extra one million yuan can be added.

He posted the prediction on instant messaging platform WeChat on Feb.10, commenting another bitcoin billionaire Zhao Dong’s statement that bitcoin right now is the cheapest. Zhu continued that “likes and comments on crypto posts in the community keep going low these days, it now feels more like a bear market”. At the same period last year, numerous WeChat groups on crypto have been emerging and crypto climbed as one of the most talked about topics last Spring Festival in the country.

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Blockchain

City Coin, Issued by City Chain Labs, Adopted as Official Currency of Liberstad, Norway’s First Private City

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Norway

Set amidst lush vegetation, pristine lakes and Instagram-worthy vistas is Liberstad, Norway’s first (and only) private city. As an autonomous city being built with efficiency, transparency and community in mind, Liberstad has adopted City Coin as its official currency.

City Coin is a secure and innovative cryptocurrency based on City Chain, a smart city platform that enables the design, implementation and use of next-generation services for smart cities and their inhabitants. Whereas cities currently rely on public services operated by government entities, City Chain gives existing and emerging cities such as Liberstad the opportunity to build and offer services conducted on a private, internal and voluntary basis.

At City Chain’s core is the principle that while governments and rulers come and go, cities endure. The key ingredient for the development and prosperity of sustainable and free city-societies went undiscovered until the recent invention of blockchain technology. Blockchains are immutable and decentralized networks that allow people to interact with each other in a disintermediated, peer-to-peer fashion by way of inherent trust.

Using blockchain as its basis, City Chain has created a smart city platform that hosts a suite of features for emerging cities like Liberstad. Foremost amongst those features is City Hub, an intuitive and simple-to-use dashboard for smart city inhabitants. By accessing City Hub using a municipal app, citizens can interact with the community, manage their identities, create city-wide initiatives or vote on existing ones, register property, contract insurance and more.

While the broader features of City Hub are under development by the City Chain Foundation, the platform’s native currency, City Coin, is tradeable and functional today. City Coin is based on a proof-of-stake algorithm which, unlike Bitcoin’s proof-of-work model, is both environmentally friendly and simple to participate in for those without high-end mining rigs. Owing to the elegance of the PoS model, staking City Coin is easy and rewarding. By holding CITY in the City Hub wallet, stakers receive 20 CITY for every staked block, providing them with passive income in return for securing the network.

As the first cryptocurrency to be officially adopted by a smart city, City Coin is the only medium of exchange within Liberstad. It will be used for the payment of city services and worker wages and for funding civic projects. Inhabitants can pay for anything ranging from haircuts, a dozen local eggs or an artisan loaf of bread using CITY, marking a milestone for real-world use of blockchain technology. Over 100 land plots have already been sold within Liberstad and more will become available to purchase using CITY in the near future.

City Coin is available for trading on p2pb2b exchange and Liberstad’s Block Exchange. With the City Chain mainnet already live, users can view and explore the blockchain along with transaction history using the City Chain Explorer or the City Chain Insight tool.

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Technologies

Several Cryptojacking Apps Found on Microsoft Store

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Symantec found eight apps on Microsoft’s app store that mine Monero without the user’s knowledge. The apps which included those for computer and battery optimization tutorial, internet search, web browsers, and video viewing and download—came from three developers: DigiDream, 1clean, and Findoo. In total, we discovered eight apps from these developers that shared the same risky behavior. After further investigation, we believe that all these apps were likely developed by the same person or group.

Users may get introduced to these apps through the top free apps lists on the Microsoft Store or through keyword search. The samples we found run on Windows 10, including Windows 10 S Mode.

As soon as the apps are downloaded and launched, they fetch a coin-mining JavaScript library by triggering Google Tag Manager (GTM) in their domain servers. The mining script then gets activated and begins using the majority of the computer’s CPU cycles to mine Monero for the operators. Although these apps appear to provide privacy policies, there is no mention of coin mining on their descriptions on the app store.

The apps were published between April and December 2018, with most of them published toward the end of the year. Even though the apps were on the app store for a relatively short period of time, a significant number of users may have downloaded them. Although we can’t get exact download or installation counts, we can see that there were almost 1,900 ratings posted for these apps. However, app ratings can be fraudulently inflated, so it is difficult to know how many users really downloaded these apps.

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Analyst Research: A Comparative Study Between PrimeXBT and BitMEX

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The current crypto winter of 2018-2019 has brought with it a number of dramatic changes to the cryptocurrency market. Some altcoins have fallen over 90% from their all-time high. Crypto firms have been forced to lay off employees and restructure. And gone are the days when investors would simply HODL their assets and reap enormous gains.

With profits far more difficult to come by using traditional strategies, many traders have turned to BitMEX due to the platform offering advanced trading features such as 100x leverage and the ability to short-sell assets and profit off of falling crypto prices.

Over time, BitMEX has earned itself a leadership position as a result and boasts some of the highest trading volume in the entire crypto space. However, a newcomer backed by decades of brokerage experience has entered the market, offering not only the same features that helped BitMEX ascend to the top, but a wealth of other benefits that BitMEX cannot claim to offer.

A comparative study was conducted in order to find out if PrimeXBT will take the throne from BitMEX and capture crypto market share by attracting traders seeking more out of their trading experience.

PrimeXBT Versus BitMEX: Important Features Compared

The research starts with a focus on the features the two exchanges offer that are similar, and are part of what helped make BitMEX a success during the current crypto bear market.

Short-Selling

Both BitMEX and PrimeXBT offer traders the ability to short-sell assets, allowing traders to profit during downtrends. The feature is what helped put BitMEX on the map and is already part of what attracted over 150,000 users to sign up to PrimeXBT before the platform’s launch, with more rapidly joining each week.

Low Fees

While the two platforms appear very similar at first glance, this is where the differences between the two become more apparent.

Compared to Bitfinex’s 0.1% to 0.2% fees on trades, BitMEX offers low 0.075% fees on Bitcoin trading, but charges a staggering 0.25% on other trading pairs. PrimeXBT easily trumps them both with a standard 0.05% fee across all trading pairs. To incentivize new users joining the platform, PrimeXBT offers a discounted fee of 0.025% during a trader’s first month using the platform. Users must register for a free PrimeXBT account before March 10, 2019 to take advantage of the 50% off promotion.

100x Leverage

Trading with leverage is an extremely attractive option that allows a trader to risk less capital but multiply potential gains by 100 times. Both PrimeXBT and BitMEX offer industry-best 100x leverage, however, BitMEX only offers this level of high leverage on Bitcoin-based trading pairs. PrimeXBT, on the other hand, offers 1:100 leverage across all available assets including Bitcoin, Ethereum, EOS, Ripple and Litecoin.

PrimeXBT Versus BitMEX: Which Platform Offers The Most to Traders?

The study also focused on any features unique to each platform. Research shows that PrimeXBT boasts a number of features that BitMEX simply does not. The one “feature” BitMEX users routinely report that isn’t found on PrimeXBT are “order submission errors.”

Technical Analysis Tools

PrimeXBT has all the required tools to perform advanced technical analysis across crypto assets. The robust toolset includes a number of important indicators that can help traders gain an edge in the market and become more profitable.

Aggregated Liquidity

Only PrimeXBT offers aggregated liquidity from 12 industry-leading suppliers. BitMEX doesn’t even come close.

Multiple Funding Methods, No Minimum Deposit

BitMEX only allows traders to fund their accounts using Bitcoin and all contracts are settled in Bitcoin. PrimeXBT, however, lets traders deposit USD, EUR, and other cryptocurrencies in addition to Bitcoin. On Prime XBT, there is no minimum deposit. BitMEX requires a 0.001 BTC minimum.

Customizable Experience

PrimeXBT invites traders to make the platform their own by customizing it with a variety of widgets. In addition, PrimeXBT supports multiple-screens for the most advanced traders who demand the best experience the crypto industry has to offer.

Unmatched Affiliate Program

PrimeXBT is hands down an industry leader with its affiliate program, which has helped the platform “go viral” and generate significant buzz surrounding the platform’s launch. PrimeXBT’s 4-level referral program offers ten times the payouts of any other platform in the industry, including BitMEX. The program also offers lifetime payouts and referrers will even earn revenue on 2nd, 3rd, and 4th tier referrals.

PrimeXBT Versus BitMEX: Conclusion

With features like 100x leverage and the ability to short-sell assets during a bear market, it’s no surprise that BitMEX has enjoyed a comfortable position as an industry leader. But with the emergence of PrimeXBT, many of BitMEX’s key features are being overshadowed by the newcomer.

Once the market full of traders at large catch wind of PrimeXBT’s features and its potential to drive profitable trades, it won’t be long until PrimeXBT challenges BitMEX for the throne.

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