Bitcoin Cash Community Sees OP_Code Innovation After Upgrade
5 hours ago International Bitcoin.com 110 It’s been well over a day since the Bitcoin Cash (BCH) network upgraded its protocol, and the consensus rules now come with a 32MB block size. Although the block size increase is quite a feat, BCH developers have also expanded the network’s default data-carrier-size to 220 Bytes and re-enabled some old Satoshi OP_Codes that were previously removed from earlier codebases. Now over the past 24-hours, lots of people have been playing around with the new BCH features. Also Read: Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features Experimenting With the New Bitcoin Cash OP_Codes Lots of BCH community members have been discussing the new OP_Code features and the additional space added to the network’s default data-carrier-size. The first signs of people messing around with the new features came from the Memo and Blockpress developers as both platform’s increased posting character limit from 79 to 217. Both Memo and Blockpress (featured above) now have 217 characters. This means users of both social media applications can now post more content and everything is saved on-chain. Then shortly after the fork, another OP_Code feature was shown to the community by Openbazaar developer Chris Pacia. The First Tree Signature on the Bitcoin Cash Blockchain Pacia built the first tree signature on the Bitcoin Cash blockchain by utilizing the OP_CAT functionality — which creates a more efficient multi-signature combination. The Openbazaar programmer explains for addresses with a large number of keys, a tree signature can use less data. “For addresses with a large number of keys a tree signature can use less data. And unlike normal OP_CHECKMULTISIG, it doesn’t require you to expose the keys that were not used in the signing,” Pacia explains to the BCH community on May 15. Moreover, Pacia shows his demonstration via a block explorer URL which indicates it was a 1 of 8 multi-sig tree signature. Chris Pacia’s multi-sig tree. Many individuals were very impressed with the new multi-sig operation that shows innovation in multi-signature technology, and one that could add more BCH privacy in the future. Pacia details his example is a subset of MAST — which stands for ‘Merkelized Abstract Syntax Trees.’ MAST could improve BCH privacy because certain multi-sig scripts could be kept hidden. “This is like a subset of MAST,” Pacia explains. MAST is more general but can’t be done with the current opcodes as far as I know — If we had OP_EVAL then we could I think. An OP_Code Puzzle With a Message in the Script After the tree signature our Chief Technology Officer, Emil Oldenburg, also experimented with the Satoshi OP_Codes and created a ‘transaction puzzle.’ When the puzzle is solved it contains a secret message within the hashed script. “I made a fun little transaction puzzle with one of the new OP_Codes,” Oldenburg explains . The puzzle is solved with the string “BCH is the best Bitcoin”. The script is
CampusCoin Trading Down 10.8% This Week (CMPCO)
Posted by ABMN Staff on May 17th, 2018 // No Comments
CampusCoin (CURRENCY:CMPCO) traded 5.3% higher against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on May 17th. In the last week, CampusCoin has traded 10.8% lower against the dollar. One CampusCoin coin can currently be purchased for about $0.0073 or 0. 88 BTC on cryptocurrency exchanges including CoinExchange, Cryptopia and Stocks.Exchange. CampusCoin has a total market cap of $2.97 million and approximately $15,574.00 worth of CampusCoin was traded on exchanges in the last 24 hours.
Here is how related cryptocurrencies have performed in the last 24 hours: Get CampusCoin alerts: DNotes (NOTE) traded flat against the dollar and now trades at $2.48 or 0.00026178 BTC. GoldCoin (GLD) traded 1.4% lower against the dollar and now trades at $0.26 or 0.00003074 BTC. Bitmark (BTM) traded 4.6% lower against the dollar and now trades at $0.52 or 0.00006231 BTC. Anoncoin (ANC) traded 3.9% lower against the dollar and now trades at $1.66 or 0.00020000 BTC. Rupee (RUP) traded 6.3% higher against the dollar and now trades at $0.0888 or 0.00001066 BTC. Creativecoin (CREA) traded up 0.4% against the dollar and now trades at $0.13 or 0.00001579 BTC. Footy Cash (XFT) traded up 14.3% against the dollar and now trades at $0.40 or 0.00004315 BTC. The Cypherfunks (FUNK) traded up 11.3% against the dollar and now trades at $0.0000 or 0. BTC. Canada eCoin (CDN) traded down 2.8% against the dollar and now trades at $0.0153 or 0. 184 BTC. BunnyCoin (BUN) traded down 74.8% against the dollar and now trades at $0.0000 or 0. BTC.
CampusCoin Coin Profile CMPCO is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was July 6th, 2017. CampusCoin’s total supply is 605,750,048 coins and its circulating supply is 405,750,048 coins. The official message board for CampusCoin is bitcoingarden.org/forum/index.php?topic=16647.0 . CampusCoin’s official Twitter account is @CampusCoinORG and its Facebook page is accessible here . CampusCoin’s official website is www.campuscoinproject.org . The Reddit community for CampusCoin is /r/Campuscoin and the currency’s Github account can be viewed here .
Buying and Selling CampusCoin
CampusCoin can be bought or sold on the following cryptocurrency exchanges: Cryptopia, Stocks.Exchange and CoinExchange. It is usually not currently possible to buy alternative cryptocurrencies such as CampusCoin directly using U.S. dollars. Investors seeking to trade CampusCoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy CampusCoin using one of the exchanges listed above. Receive News & Updates for CampusCoin updates for CampusCoin and related cryptocurrencies CryptoBeat newsletter . «
Can India really ban bitcoin? Is it possible at all to do so?
Home » Can India really ban bitcoin? Is it possible at all to do so? Can India really ban bitcoin? Is it possible at all to do so? May 16, 2018
By Pareen Lathia Every few months, we hear that bitcoin has been banned by some country or the other. As early as 2013, bitcoin was “banned” by Thailand. In 2017, it was big news when China banned bitcoin and the latest news carries a ban by the Reserve Bank of India.
The problem is this news is grossly misleading because it is simply not possible to ban bitcoin, or any crypto currency for that matter.
Bitcoin’s price last year was hovering around $1,000 mark whereas right now, it is in the $9,000 range. This is in spite of the all the bans. This does not fit into any market logic. But that is the beauty of crypto currencies. They do not fit into traditional regulatory or banking framework. A different outlook is needed to understand how they work and why they were created in the first place.
Decentralisation This is because bitcoin and most crypto currencies that run on Blockchain technology are decentralised. It means they do not run on one server or URL or IP address. These virtual currencies run on multiple nodes that can be owned and run by anyone and are usually spread across the globe. There is no central point for the governments to attack or block.
This is very similar to Torrent protocol. It is peer-to-peer. At the simplest level, if I hold bitcoin in my wallet and transfer it to your wallet, there is no way any government can block it because this entry of transfer is recorded in a distributed ledger.
What has RBI done? So, what is this ban? If you read the RBI circular, they have never used the words “ban” pertaining to bitcoins. It has only prevented any organisation regulated by the central bank to deal with businesses that have anything to do with crypto currencies. Practically, this means banks will have to stop deposits and withdrawals to and from Indian rupee on crypto currency exchanges. This news spread widely and was seen as a “ban on bitcoin”.
Apart from this, the RBI has issued several warnings about scams and risks related to crypto currencies. It had also said there would be a crackdown on the illegal use of such cryptos.
But traders are still buying and selling crypto currencies under a three-month notice period that was issued to all exchanges. Even after that, the RBI or the government cannot technically ban bitcoin. Also, in the latest event, the Delhi High Court has already challenged this circular calling it “unconstitutional” and the apex bank has to present the basis of this restriction on banks to the court.
Practical implications Other countries like China and the US have already tried banning exchanges, ICOs and mining of crypto currencies. Although those events in 2017 caused the price of bitcoin to fall temporarily, it went on to peak at $19,783 on December 17.
Since most of the trading happens on international exchanges, banning Indian bourses will only make Indians buy crypto currencies from foreign sources or OTC (over the counter) options because it is simply not possible to track buying, trading or selling of crypto currencies.
Bans in other countries like Japan have also resulted in exchanges moving base to countries with friendlier macro environments like Malta and Estonia. This has only resulted in loss in terms of taxes for the governments of hostile countries.
For everyone who is holding any coins, they would transfer it to a wallet or an international exchange and then sell it for USD and convert USD to INR. This just hurts India because we will not even be able to tax this income if this is done in cash. Also, such a scenario exists only until the time enthusiasts can’t buy much with crypto currency.
But there are sites that are already accepting crypto currency as a mode of payment. As more tokens emerge and have real usage, it will be difficult to keep them at bay.
With bitcoin, we have seen the Streisand Effect in play – which means the more governments try to ban it, the more popular it gets, the more news, the more coverage.
Regulation The only way to go about this saga is regulation, where checks are in place to ensure customers aren’t duped, taxation on profits and an era where exchanges follow KYC norms and legal compliances are in place. That would make it much safer for Indian citizens to buy, trade and profit from this revolution and be educated about its risks.
In February 2018, the US government has called for inter-departmental cooperation and allocated resources with the aim to create new legislation to govern virtual currencies.
There is also an opportunity for our country to become the Switzerland of the next century. If one government were to reduce taxes from trading of crypto currencies, the amount of crypto money to come in that country would be mind-boggling.
This may seem like a pipedream, but Malta is already going down this path and attracting major Blockchain players, including the largest international exchange at this time with profits of more than 200 million USD – more than profits of many traditional banks.
Every government wants to ban it because it undermines the power of Fiat currency – US dollar, Indian rupee and the like. But every government has tried and failed and in 2018, it is accepted that there will be regulation rather than bans.
The point of creating bitcoin A lot of believers of bitcoin see it as a way to liberate ourselves from the control of governments and the financial system. The point is to eliminate the need for printing money and more importantly, banks. So, banks moving out of the equation is a cause for celebration in the community rather than seen as a bad thing.
As countries grapple with regulation and laws, the crypto currency market cap keeps soaring every year. As they say, nothing is more powerful than an idea whose time has come.
(Pareen is a blockchain and crypto currency writer. He’s also an investor and a tech entrepreneur)
CannaCoin (CCN) Market Cap Achieves $238,810.00
Posted by ABMN Staff on May 16th, 2018 // No Comments
CannaCoin (CURRENCY:CCN) traded up 1.5% against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on May 16th. One CannaCoin coin can now be purchased for about $0.0508 or 0. 607 BTC on cryptocurrency exchanges. In the last seven days, CannaCoin has traded down 20.3% against the U.S. dollar. CannaCoin has a market capitalization of $238,810.00 and $2,520.00 worth of CannaCoin was traded on exchanges in the last 24 hours.
Here’s how related cryptocurrencies have performed in the last 24 hours: Get CannaCoin alerts: Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $8,406.51 or 1. BTC. Ethereum (ETH) traded 3.1% higher against the dollar and now trades at $712.81 or 0.08518490 BTC. Bitcoin Cash (BCH) traded 3.7% higher against the dollar and now trades at $1,324.63 or 0.15830100 BTC. Litecoin (LTC) traded up 2.6% against the dollar and now trades at $140.46 or 0.01678620 BTC. Monero (XMR) traded up 2.6% against the dollar and now trades at $203.19 or 0.02428260 BTC. Bytecoin (BCN) traded up 0.1% against the dollar and now trades at $0.0103 or 0. 123 BTC. Ethereum Classic (ETC) traded 4.1% higher against the dollar and now trades at $18.17 or 0.00217160 BTC. Zcash (ZEC) traded up 6.5% against the dollar and now trades at $357.63 or 0.04273890 BTC. Bitcoin Gold (BTG) traded up 4.6% against the dollar and now trades at $58.55 or 0.00699692 BTC. Verge (XVG) traded up 4.2% against the dollar and now trades at $0.0564 or 0. 674 BTC.
CannaCoin Coin Profile CannaCoin is a proof-of-work (PoW) coin that uses the Proof of Stake Velocity hashing algorithm. Its launch date was March 28th, 2014. CannaCoin’s total supply is 4,701,667 coins. The Reddit community for CannaCoin is /r/cannacoin and the currency’s Github account can be viewed here . The official website for CannaCoin is www.cannacoin.tech . CannaCoin’s official Twitter account is @CCNProject and its Facebook page is accessible here .
CannaCoin Coin Trading
CannaCoin can be traded on the following cryptocurrency exchanges: Cryptopia. It is usually not currently possible to buy alternative cryptocurrencies such as CannaCoin directly using U.S. dollars. Investors seeking to trade CannaCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy CannaCoin using one of the exchanges listed above. Receive News & Updates for CannaCoin updates for CannaCoin and related cryptocurrencies CryptoBeat newsletter . «
AdCoin Trading 41.8% Lower This Week (ACC)
Posted by ABMN Staff on May 16th, 2018 // No Comments
AdCoin (CURRENCY:ACC) traded 2.3% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM Eastern on May 16th. One AdCoin coin can now be bought for approximately $0.0619 or 0. 740 BTC on major cryptocurrency exchanges including Cryptopia and CoinExchange. AdCoin has a total market capitalization of $385,416.00 and approximately $1,165.00 worth of AdCoin was traded on exchanges in the last 24 hours. In the last seven days, AdCoin has traded 41.8% lower against the U.S. dollar.
Here’s how similar cryptocurrencies have performed in the last 24 hours: Get AdCoin alerts: DNotes (NOTE) traded flat against the dollar and now trades at $2.48 or 0.00026178 BTC. GoldCoin (GLD) traded up 6% against the dollar and now trades at $0.27 or 0.00003210 BTC. Bitmark (BTM) traded down 4.6% against the dollar and now trades at $0.52 or 0.00006218 BTC. BunnyCoin (BUN) traded 42.7% lower against the dollar and now trades at $0.0000 or 0. 1 BTC. Anoncoin (ANC) traded 18.6% lower against the dollar and now trades at $1.61 or 0.00019275 BTC. CampusCoin (CMPCO) traded up 3.9% against the dollar and now trades at $0.0072 or 0. 86 BTC. Rupee (RUP) traded up 3.6% against the dollar and now trades at $0.0865 or 0.00001033 BTC. Footy Cash (XFT) traded up 14.3% against the dollar and now trades at $0.40 or 0.00004315 BTC. Creativecoin (CREA) traded 2.9% lower against the dollar and now trades at $0.13 or 0.00001538 BTC. Canada eCoin (CDN) traded down 5.5% against the dollar and now trades at $0.0153 or 0. 183 BTC.
About AdCoin AdCoin (ACC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on July 4th, 2017. AdCoin’s total supply is 71,216,707 coins and its circulating supply is 6,224,225 coins. AdCoin’s official website is www.getadcoin.com . AdCoin’s official Twitter account is @theadcoin and its Facebook page is accessible here .
AdCoin Coin Trading
AdCoin can be bought or sold on these cryptocurrency exchanges: CoinExchange and Cryptopia. It is usually not possible to buy alternative cryptocurrencies such as AdCoin directly using US dollars. Investors seeking to acquire AdCoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase , GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy AdCoin using one of the aforementioned exchanges. Receive News & Updates for AdCoin updates for AdCoin and related cryptocurrencies CryptoBeat newsletter . «
Litecoin Cash (LCC) One Day Trading Volume Hits $207,620.00
Posted by ABMN Staff on May 16th, 2018 // No Comments
Litecoin Cash (CURRENCY:LCC) traded down 6.9% against the dollar during the twenty-four hour period ending at 19:00 PM Eastern on May 16th. Litecoin Cash has a market capitalization of $76.48 million and approximately $207,620.00 worth of Litecoin Cash was traded on exchanges in the last day. One Litecoin Cash coin can now be purchased for about $0.13 or 0.00001618 BTC on popular cryptocurrency exchanges including SouthXchange, CryptoBridge, Stocks.Exchange and YoBit. Over the last week, Litecoin Cash has traded 22.8% lower against the dollar.
Here is how related cryptocurrencies have performed over the last day: Get Litecoin Cash alerts: Mixin (XIN) traded down 7.5% against the dollar and now trades at $783.36 or 0.09424780 BTC. Fusion (FSN) traded 6.3% lower against the dollar and now trades at $7.99 or 0.00096128 BTC. Bitcoin Atom (BCA) traded down 6.3% against the dollar and now trades at $1.49 or 0.00017934 BTC. XinFin Network (XDCE) traded down 8.6% against the dollar and now trades at $0.0063 or 0. 76 BTC. Bean Cash (BITB) traded down 2.8% against the dollar and now trades at $0.0084 or 0. 101 BTC. Qbao (QBT) traded down 6.3% against the dollar and now trades at $0.30 or 0.00003625 BTC. Measurable Data Token (MDT) traded 1.1% lower against the dollar and now trades at $0.0613 or 0. 737 BTC. ClearCoin (CLR) traded 0.4% higher against the dollar and now trades at $0.0081 or 0. 97 BTC. DAO.Casino (BET) traded up 8.7% against the dollar and now trades at $0.0253 or 0. 304 BTC. ProCurrency (PROC) traded down 5% against the dollar and now trades at $0.0096 or 0. 116 BTC.
Litecoin Cash Coin Profile Litecoin Cash is a coin. Its genesis date was February 3rd, 2018. Litecoin Cash’s total supply is 568,619,707 coins. The Reddit community for Litecoin Cash is /r/LCCofficial and the currency’s Github account can be viewed here . The official website for Litecoin Cash is litecoinca.sh . Litecoin Cash’s official Twitter account is @LitecoinFork .
Litecoin Cash Coin Trading
Litecoin Cash can be traded on these cryptocurrency exchanges: YoBit, Braziliex, Mercatox, SouthXchange, Stocks.Exchange, CryptoBridge, Exrates, Trade Satoshi and Octaex. It is usually not presently possible to buy alternative cryptocurrencies such as Litecoin Cash directly using U.S. dollars. Investors seeking to acquire Litecoin Cash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Litecoin Cash using one of the exchanges listed above. Receive News & Updates for Litecoin Cash updates for Litecoin Cash and related cryptocurrencies CryptoBeat newsletter . «
China Formally Bans Preliminary Coin Offering China Cash Network
by Justina Lemus on 16 minutes ago 2 views Kik Interactive , the founders and homeowners Investing of the Kik chatting platform yesterday introduced that their Kin token distribution occasion (TDE) will start on Tuesday 12th September, 2017 at 9.00AM ET. The Kik group in its announcement made it identified that it had closed a presale round of $50 Million to a choose group of institutional buyers comparable to Pantera Capital, Polychain Capital Investing and Blockchain Capital. Some consultants in the industry imagine that we’re presently in a cryptocurrency bubble given the large increases within the worth of coins like Bitcoin and Ethereum together with the sheer number of new coin offerings being launched. Bitcoin rival Ethereum, which token-issuers normally ask to be paid in and which has due to this fact seen unprecedented growth this year, fell sharply on the news, last trading down virtually 20 % on the day at $283, in accordance with commerce publication Coindesk. OneCoin, the primary and solely cryptocurrency on this planet to store KYC documents on its blockchain, has echat.io set a difficult purpose – to change into the global virtual foreign money most well-liked by mainstream customers. Focuses on supporting revolutionary options in the Monetary Services, Technology, Blockchain and Cryptocurrency communities. The shortage of coverage implies cryptocurrency ICOs embrace larger alternatives to boost cash- nevertheless additionally extra dangers. Further, even if a token issuer’s Investing operations are physically positioned in a single jurisdiction, the laws of one other jurisdiction may still apply to the ICO, the tokens, token holders, token issuer, the token wallet or a token change in sure circumstances. Cryptocurrencies and Tokens raised a record $1.27 billion in the first half of 2017 through Preliminary Coin Choices 6 Most of them won’t survive but a selected few will, laying down the muse of a new age. True, the supply for any one digital token might be constrained, however the supply of all digital tokens is infinite and that actuality might grow to be an actual problem for firms providing coins to power what may very well be really helpful techniques. In other phrases, the funds of investors are protected by a neutral 3rd party in Preliminary Coin Offering. An preliminary coin providing (ICO) is a fundraising mechanism wherein new initiatives promote their underlying crypto tokens.” As I’m writing this, ICOs have raised $1.2B and now surpass early stage VC funding. In particular, basic contract ideas, fraud, client protection legal guidelines, tax, anti-cash laundering and counter-terrorist financing obligations and (in some jurisdictions) cross-border controls can apply when issuing, buying, selling or buying and selling tokens. Whereas more people are trading cryptos , extra startups are utilizing initial coin offering ( ICO ) as fundraising alternatives. Blockchain-primarily based tokens exhibit disparate options and have characteristics that make present registration exemptions a poor fit token sales. The remaining 512 billion tokens will go on sale in the course of the ICO that kicks off on September 12. The sale will run for 15 days until September 26. Kapron said the brand new guidelines apparently did not take goal at Chinese language buyers, who would still have the ability to participate in offshore ICOs. LydianCoin, the token Paris Hilton initially supported, has drawn huge criticism for being led by an entrepreneur with a historical past of domestic abuse and for being vulnerable to violating securities laws. Moreover, 4NEW will be capable to support the vitality consumption costs of its personal decentralized open supply platform enabling 4NEW to operate at considerably decreased prices in comparison with the other blockchain networks. The ICO’s fundamentals are strong due to the reality unlike a number of ICO initiatives, the company has been in existence for years prior to this fundraiser. We also suggest that lawmakers adopt both a compliance-pushed protected harbor for online exchanges that record tokens with an affordable perception that the public sale of such tokens is not a violation of Section 5 as well as an exemption to the Section 5 registration requirement that has been tailor-made to digital tokens. Through the previous 12 months, $3.3 billion has been raised in additional than 200 ICOs, based on Coinschedule, an information provider—in contrast with only about $70 million in the identical interval a 12 months in the past. One of the first ever mainstream” ICOs was performed by the developer of the messaging app Kik last September 2017. If you have any kind of inquiries https://cryptorussia.ru/news/e-shat-ico-do-konca-pervogo-raunda-ostalos-20-dney concerning where and the best ways to make use of Investing , you could contact us at our website. Initially used as a scare tactic to thwart individuals in opposition to using the digital forex for practical uses circumstances, the concept of using cryptocurrency for illicit means is legitimate. Many people see it as a strategy to get in on the following Bitcoin and hope for financial gain with out really understanding the fundamentals or the risks of the corporate or know-how. Entrepreneurs have been making an finish run around the traditional path to financing startups by raising cash with preliminary coin offerings (ICOs) aggressively. Investors ship ether to an ICO’s good contract, which generates tokens that can be traded. Based mostly on the e-Chat experience, the usage of blockchain expertise, IPFS protocols, and P2P connections is a win-win answer. Maersk, the planet’s largest delivery company already uses blockchain to track cargo whereas US-based retail giant Walmart makes use of the technology to observe its supply chain. E-Chat is the world’s first multitask messenger built with a decentralized expertise in thoughts. E-Chat team along with IBM, Bitfury, HCL, Beelife, and different companies are happy to assist such a powerful occasion bringing distinctive working opportunities and breaking new grounds with the blockchain expertise. Another uncommon attribute of the venture is the distribution of 10 billion tokens, dubbed PRS, which can solely be dispersed to contributors six months after the ICO.
Crypto Currencies Lose $209,529,565
May 16, 2018 Crypto Currencies Move Lower
Of the 1,592 digital currencies monitored, the past 24 hours saw total market losses of $209,529,565, as 76% of currencies fell. The biggest impacts on the markets came from Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dash (DASH) and EOS (EOS). Bitcoin
Bitcoin (BTC) swung between a high of $8,552.00 and a low of $8,100.00 ending twenty four hours of trading at $8,292. This equates to a loss of $194,791,680.00 in market cap. A month ago, bitcoin traded at #ERROR!. It has seen a -11% weekly decline, and in just the last hour bitcoin has fallen -0.36%. Currently there are 17,037,525 bitcoins in circulation, representing 81% of the final twenty-one million bitcoins that can be mined. 815,722 of these bitcoins were traded in the past 24 hours.
In May Bitcoin started the month at $9,253 and swung between $8,262 and $9,940, closing at $8,699 on May 14. Top 20 Coins
Examining the top 20 crypto currencies (by market cap), the top performers over the last 24 hours were TRON (TRX) 1.98% and Tether (USDT) 0.01%, while the worst three performing were Stellar (XLM) -7.51%, VeChain (VEN) -6.79% and ICON (ICX) -6.78%. Entire Market Winners and Losers
If we look across the 1,592 crypto currencies (that we track), the biggest short term winners were: TeslaCoilCoin (TESLA), gained 338%. Ethereum Gold (ETG), gained 149%, and a market cap of 86 Bitcoins. BnrtxCoin (BNX), gained 120%, and a market cap of 11 Bitcoins. Hydrogen (HYDRO), gained 104%, and a market cap of 4,116 Bitcoins. JobsCoin (JOBS), gained 94%, and has a market cap of 4.00 Bitcoins.
On the downside, the biggest losers were Newbium (NEWB), lost 64%, and has a market cap of 24 Bitcoins. India Coin (INDIA), lost 61%. Coupecoin (COUPE), lost 54%,sporting a market cap of 1 Bitcoins. PokeCoin (POKE), lost 51%. Royalties (XRY), lost 51%.
Cryptocurrencies are traded day and night, so instead of covering a market session, we cover the last 24 hours of trading. Remember, prices on Cryptocurrencies can vary quite a bit across exchanges, so always check your local exchange for current rates.
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Cryptocurrency exchange Binance lists TrueUSD
Home / Tech News / Cryptocurrency exchange Binance lists TrueUSD Cryptocurrency exchange Binance lists TrueUSD admin 1 min ago Tech News
TrueUSD, a cryptocurrency whose value is pegged to that of the dollar, has signed a deal with Binance , one of the world’s largest cryptocurrency exchanges in terms of volume.
Starting May 18, TrueUSD (ticker: TUSD) will be listed on Binance, allowing traders to exchange it for Ethereum, Bitcoin, or Binance Coin.
Launched in March by San Francisco-based startup TrustToken, TrueUSD is a so-called stablecoin — a cryptocurrency whose value is pegged to the value of a traditional asset, in this case the U.S. dollar. TrustToken claims that TrueUSD is fully collateralized with fiat money, held in escrow accounts accessible by trusted third-party fiduciary partners. The company says it publishes monthly reports on the state of its bank account holdings, and subjects them to ongoing audits.
“Having U.S. dollars as collateralization held in escrow in addition to our regular accounting reports provides traders with reassurance that they can trust in TrueUSD,” Rafael Cosman, co-founder and CTO of TrustToken, said in a statement.
In other words, every single TUSD should always be redeemable for U.S. dollars, at a 1:1 ratio, with a pretty good degree of certainty that the issuer actually has the dollars to back them up.
While the idea of a cryptocurrency based on an actual currency sounds ironic — the whole point of crypto was to develop an alternative to real-world, centralized financial systems — the development is important for the space. Stablecoins provide traders and investors with a certain degree of stability in the volatile world of cryptocurrencies, without the need to sell cryptocoins for straight-up cash, an action that often has tax consequences.
“Having U.S. dollars as collateralization held in escrow in addition to our regular accounting reports provides traders with reassurance that they can trust in TrueUSD.”
So far, the dominant stablecoin has been Tether (ticker: USDT), which is connected to cryptocurrency exchange Bitfinex. If you ask Tether, the company, USDT is fully backed by fiat currency assets in the company’s reserve account. But there’s a problem with that claim: There are $2.2 billion USDTs in circulation (according to CoinMarketCap ), and the company has never been publicly audited. This, in turn, has led to speculation that USDT is not adequately collateralized, and that Tether is printing new USDTs out of nothing.
The notion that Tether might collapse and cause a big disruption in the cryptocurrency market is known in the space as “Tether FUD” (with FUD standing for “Fear, Uncertainty, Doubt).
Now, however, traders on Binance — which is currently the second-largest cryptocurrency exchange (behind OKEx), with $1.8 billion in trading volume in the last 24 hours — have a choice to park their assets into TUSD instead of USDT. This should ease the fear of a possible Tether collapse as well as give traders the option to hedge their bets and diversify across two USD-pegged coins.
TrueUSD is already available on cryptocurrency exchange Bittrex, where it launched in March. But Binance is approximately seven times bigger than Bittrex in terms of trading volume, and it’s the second largest Tether market, making this new partnership far more important.
There are currently roughly 12 million of TUSDs circulating, representing an equal amount of collateralized dollars. The demand on Binance will likely be far bigger than that, but Cosman says this won’t be a problem.
“Right now, there are numerous external parties depositing additional funds into the TrueUSD escrow account to purchase tokens and trade them on the exchanges. The market cap of TrueUSD can grow by millions or tens of millions per day; as soon as the US dollars arrive in the escrow account to collateralize new tokens, we mint those tokens and issue them,” he told Mashable .
TrueUSD and Tether aren’t the only stablecoins around, but they’re the biggest ones that took the simple but capital-intensive route of backing the entire token supply with actual fiat reserves. Alternatives such as MakerDAO’s Dai or Havven’s nomin rely on reserves in cryptocurrencies such as ether as well as complex algorithms that keep the price in place. These alternatives are far more decentralized than a solution such as TrueUSD, but they aren’t available on the largest exchanges yet.
There are, however, some powerful competitors on the horizon; just days ago, Circle raised $110 million to launch a stablecoin pegged to the value of U.S. dollar.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC, ETH, MKR, DAI, HAV. The author of this text does not own, or has recently owned, TUSD or USDT.
5 ways to rebuild your retirement savings later in life
5 ways to rebuild your retirement savings later in life NerdWallet 3 hrs ago Kevin Voigt Click to expand Replay Video UP NEXT Walmart vs. Amazon: Who’s cheaper? FBN’s Kristina Partsinevelos on the price discrepancies for products on Walmart.com versus Amazon. Fox Business US births hit lowest number since 1987 Births in the US have dropped to the lowest number since 1987. CNBC’s “Squawk Box” discusses the news. CNBC There are more billionaires today than ever before The world’s billionaire population his hit record highs with more billionaires in the world than ever before. Veuer 1 Cancel SETTINGS OFF HD HQ SD LO How Many Retirement ‘Buckets’ Do You Need? Morningstar See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next Walmart vs. Amazon: Who’s cheaper? Fox Business 2:00 US births hit lowest number since 1987 CNBC 1:13 There are more billionaires today than ever before Veuer 0:52 Japan reportedly plans retaliatory tariffs against US Reuters America 1:24 The $13 billion opportunity fast food chains are ignoring Wochit Business 0:36 The Boring Company’s LA Hyperloop project plan could change again Newsy 0:50 Man goes on racist rant at NYC eatery CNN 1:13 Is the cost of a graduate degree worth it? CBS News 3:38 Million dollar idea: The video game BBC News 1:30 GDPR: What is it and how might it affect you? The Wall Street Journal. 2:54 Men with labor-intensive jobs die young, but not women, study says Veuer 1:00 Bitcoin mining consumes enough energy to power Ireland Newsy 1:25 Amazon pushes discounts for Prime shoppers at Whole Foods CNBC 1:38 Warren Buffett admits he blew it with Amazon Wochit Business 0:45 Why so many fast food logos are red Business Insider 3:13 Cheesecake Factory says it suspended employees over alleged MAGA hat harassment CBS News 0:41 UP NEXT Video by Morningstar
If a look at the balance in your 401(k) sparks a midlife savings crisis, take heart: Later is a better time than never to get serious about retirement.
One of the top culprits for underwhelming savings later in life is early withdrawals from individual retirement accounts and employer-sponsored plans like the 401(k) and 403(b), experts say. Whatever your reason for taking out that money, the consequences are clear: A 2015 study by the Center for Retirement Research estimated that early withdrawals erode $69,000 from 401(k) and $25,000 from IRA savings and earnings for the average American.
“There are a number of things that can dig a hole in your retirement savings,” says Patricia Jennerjohn, a certified financial planner at Focused Finances in Oakland, California. “But there’s a number of ways to catch up.”
Here are five tips financial planners recommend to ramp up your retirement savings later in life.
1. Max out your 401k or IRA contributions © Jamie Grill/Getty Images Everyone can put up to $18,500 of pretax salary each year into a 401(k) or other employer-sponsored plan. But once you hit 50, that annual limit rises to $24,500. Not only can this amp up retirement savings, it also lowers your taxable income for the year by the same amount. Another option is putting money in a tax-advantaged account like a traditional or Roth IRA , which allows contributions up to $5,500 a year; and at age 50, the limit rises to $6,500.
“Whatever you do, increasing your contributions up to the limit is definitely the best place to start,” Jennerjohn says.
That may require some hard decisions on cutting spending to put more of your salary directly into retirement savings. “Challenge yourself to figure out what you could cut back on without cutting down your enjoyment in life,” Jennerjohn says.
2. Get a raise, a bonus or a refund from the IRS? Invest it all © DNY/Getty Images If your income goes up, put that new money into retirement savings. “When you get behind in your retirement savings, you have to attack it with a single-minded intensity,” says Celia Brugge, a certified financial planner at Dogwood Financial Planning in Memphis, Tennessee. “Whenever you get a bonus or raise or extra cash, put it all there.”
If you’ve already maxed out contributions to a tax-advantaged retirement account, look at other ways to invest — in stocks or in mutual funds — through a brokerage account . “Anything that has the potential for growth beyond just putting that money in a savings account,” Jennerjohn says.
3. Consider taking risks — but not crazy ones © Henrik Jonsson/Getty Images As retirement age nears, investment portfolios tend to skew toward more conservative investments, like bonds and money market funds, to better safeguard the nest egg. But if your savings remain small, you may want to set your portfolio for growth by having a higher ratio of equities, which carry greater risk but also a greater potential to rise quickly.
“You should not forget that even a 60-year-old may have 30 years to plan for with at least part of his or her money,” says James Kinney, a certified financial planner with Financial Pathways in Bridgewater, New Jersey.
One big caveat: Don’t chase big returns with supposed magic-bullet investments . “Don’t try to make up for lost time by doing stupid stuff like investing it all in some hot stock,” Brugge says. Instead, still strive for a balance of investments among companies, industries and indexes.
4. Rethink that college fund © Yellow Dog Productions/Getty Images Experts like to point out that kids can borrow money for college — but parents can’t take out a loan to pay for retirement. “I’ve told clients point-blank that [your] ability to retire, to be financially independent and not be needy at the end of life, is more important than putting your kids through college,” Jennerjohn says.
This is a dilemma for parents. But with the rising cost of a college education and more parents having children later in life, it may not be possible to fund both your child’s education and your retirement. “I think a lot of people in my generation and younger were put through college through their parents, but that was far less expensive in the 1970s and 1980s [than] it is now,” Jennerjohn says.
5. Delay retirement a bit © Mark Elias/Bloomberg via Getty Images Working Americans born after 1960 will qualify for full Social Security benefits at age 67 — but as an incentive to delay, the government will increase your payments by up to 8% every year until the age of 70.
That may mean working longer than you planned to. “If you delay your retirement savings, you’re delaying your retirement — that’s the hard truth,” Jennerjohn says. “Maybe you retire from your current job but then teach or do something else, but you’ll have to work longer at something.
“Retirement isn’t some goal that if you don’t cross the finish line on time, you’re a failure at life,” she says. “You just have to change your mind about what retirement is actually going to look like.”
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