Coinbase Set to Launch Insurance Subsidiary With Aon

Coinbase Set to Launch Insurance Subsidiary With Aon

Coinbase Set to Launch Insurance Subsidiary With Aon
                                  Cryptocurrency exchange Coinbase is teaming up with insurance provider Aon to launch a captive insurance subsidiary that would solely serve the exchange.

Major cryptocurrency exchange Coinbase is preparing to launch

its own insurance company, according to a report from CoinDesk. The exchange is reportedly in advanced talks with insurance giant Aon to launch a captive insurance subsidiary, an insurance company solely owned by the firm being insured. Captives are maintained by firms to reduce insurance costs and improve access to reinsurance products.

A partnership such as this could be a solution to the reported shortage of insurance options that exists for cryptocurrency exchanges. Exchanges often have to self-insure by setting money aside for rainy days. Binance’s Secure Asset Fund for Users (SAFU) is a popular example. SAFU is an emergency insurance fund set aside by the exchange in case of potential loss of funds due to security breaches. Huobi and Kraken have emergency funds too. However, given the lack of proper structure and regulation, the companies can access the funds and use them for other purposes. This could go on to decrease available coverage in the long run. 

A captive insurance model like this could bring a stable, regulated and segregated infrastructure to the crypto insurance sub-industry. “If a firm is self-insuring, they’ve accepted responsibility for funding 100% of any loss,” Aon’s managing director, Jacqueline Quintal, said, per CoinDesk. “Captives, in comparison, provide a means through which firms can access insurance or reinsurance, while also pre-funding self-insured loss amounts in a more formal way than simply setting aside capital.”Earlier this year, Coinbase shared details of its $255 million insurance coverage for its hot wallets, which was purchased from Aon.

Article Produced By
Jimmy Aki

Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.

https://bitcoinmagazine.com/articles/coinbase-set-to-launch-insurance-subsidiary-with-aon

Satoshi Awards to Honor Ethical Innovation on the Blockchain’

Satoshi Awards to Honor ‘Ethical Innovation on the Blockchain’

                            

Know anyone in the cryptocurrency world who could use some extra recognition?

Nominations will open soon for The Satoshi Awards. The awards will premiere at a ceremony in Acapulco, Mexico in February 2020 with the theme “Honoring Ethical Innovation on the Blockchain”.

Prominent Libertarians Head Nomination Committee

The Satoshi Awards organizers also added three well-known names from the libertarian space to their nominating committee: economist Jeffrey Tucker, CoinText founder and “Gigolos” star Vin Armani, and Bitcoin.com CEO Roger Ver. The committee will choose finalists in 12 categories (yet to be determined). They will assess entrants determined to have had “the greatest impact on the spreading acceptance and ethical use of cryptocurrencies to the benefit of humankind”.

Those interested can suggest category ideas by visiting the Satoshi Awards website. Other names on the committee include “Psychological Anarchist” Sterlin Lujan, Crypto Adventures founder Elsa Ramon, Coinbase senior engineer Josh Ellithorpe, and EOS’s Adrianna Mendez. The public will choose the eventual winners, via a tokenized voting system to guarantee transparency and fairness.

Satoshi Awards Open to All Blockchain Projects

Given the selection committee and the event’s timing — which coincides with the annual “Anarchapulco” conference for anarchists and libertarians — expect the selections to lean in that direction. However nominations will be open to anyone in the cryptocurrency space, and according to organizers will not favor any particular blockchain protocol. Satoshi Awards founder Steve Ellis, who will host the ceremony, is promising a memorable event:

“The show we have planned will set the standard for awards ceremonies in this space. I’m really excited about the direction we’re taking and so are our sponsors,” he said. Nomination committee members and organizers plan to meet once a week to discuss updates and decide the overall format for the awards event. They’re also looking for official sponsors and partners, and have announced DASH Thailand and DASH Now as the first two, based on those organizations’ drive to promote cryptocurrency in Asia.

Article Produced By
Jon Southurst

https://bitsonline.com/satoshi-awards-ethical-innovation/

9 Best Cryptocurrency Exchanges for Trading Cryptocurrency

9 Best Cryptocurrency Exchanges for Trading Cryptocurrency

Cryptocurrency Exchanges for Trading

1. Binance

Binance is a rapidly growing exchange that concluded its ICO a few months back. Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world. Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world. It now has more than 140 altcoins listed on it which are only increasing as the days are passing. Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this platform.

Binance’s fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure. To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis. Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move. They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, Binance Angel Program,  and the Community Coin Per Month etc for more adoption of their platform.

2. BitMex

BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community. Here you will never find any issues regarding the liquidity of your cryptocurrencies. The primary currency traded on this exchange is Bitcoin and its future contracts. Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple. The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below:

Coins Leverage Maker Fee Taker Fee Settlement Fee
Bitcoin (XBT) 100x -0.0250% 0.0750% 0.0500%
Bitcoin Cash (BCH) 20x -0.0500% 0.2500% 0.0000%
Cardano (ADA) 20x -0.05% 0.2500% 0.0000%
Ethereum (ETH) 50x -0.0500% 0.2500% 0.0000%
Litecoin (LTC) 33.33x -0.0500% 0.2500% 0.0000%
Ripple (XRP) 20x -0.0500% 0.2500% 0.0000%

3. KuCoin

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS. To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin since last quarter of 2017 and they are getting popular day by day.

4. Changelly

Changelly is one of the easiest ways to get ahold of various cryptocurrencies. Changelly has a proven track record of consistently good products being put out into the crypto-space. One of the best things about Changelly is that you don’t need to go through any lengthy verification or registration process. You just log in with your email ID (or any email ID) and start exchanging! Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there. If you want to know more, check out Harsh’s review on Changelly.

When you use Changelly to exchange cryptocurrency, Changelly bots connect in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price. Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes. They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users. In addition to the commission, a miner’s fee is also paid by the user and is deducted directly from their crypto balance.

But all you need in order to buy from Changelly is a VISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a wallet where you want to receive your new coins. The procedure is very simple. Head toward CoinSutra’s Cryptocurrency Exchange – Changelly, and follow the steps given in this guide. Note: Though this guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy any other Changelly-supported cryptocurrency. And if you want to buy cryptos using a VISA/MasterCard, then here is their official step-by-step guide on doing that. (Even though this guide is for buying BTC using a VISA/MasterCard, the process is the same as buying any other Changelly-supported cryptocurrency.)

5. Huobi Pro

Huobi Pro is an international cryptocurrency exchange that originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years. As we speak, it occupies the #3 spot on CoinMarketCap’s list of exchanges by volume and has 244 cryptocurrency pairs. Hence, needless to say, of this, you will never face liquidity problems on this exchange. They also have mobile apps for both Android and iOS for users who want to trade cryptos on the go. Their registration process is also pretty simple and straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.

6. Bittrex

Bittrex is a US-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds. Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world. Here, the users (buyers/sellers) decide the rates in which they want to trade, and Bittrex charges them a small service fee for providing this platform (0.25%).

To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits. But one good thing about Bittrex is the account verification happens quite fast.

Bittrex supports two types of accounts:

  • Basic Account – withdrawal funds worth up to 3 BTC/day.
  • Advanced Account – withdrawal funds worth up to 100 BTC/day.

Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc.

They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.

You can visit Bittrex and open a Bittrex account by following this official step by step guide here.

 

7. Poloniex

Founded by Tristan D’Agosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world. It is based out of the United States and offers +100 cryptocurrencies to its users to trade. When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.

It is a crypto-only exchange, but you can start trading easily by depositing USDT (Tether dollars). Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders. Poloniex charges a fee of 0.15% to 0.25% on all trades depending upon whether you are a maker or a taker. So if you are looking to trade a variety of altcoins, then you should give Poloniex a shot. To get started with Poloniex, follow this official guide. Remember: As soon as you sign up for Poloniex using your email, do make sure to enable two-factor authentication!

8. Bitfinex

Bitfinex is another one of the largest and most popular cryptocurrency exchanges out there. Based out of Hong Kong and operational since 2014, it gives its users the option to trade the following 13 cryptocurrencies in exchange for USD or BTC:

  • Bitcoin
  • Bcash
  • Dash
  • Ethereum
  • Zcash
  • Monero
  • Litecoin
  • Ethereum Classic
  • OmiseGO
  • EOS
  • IOTA
  • Santiment
  • Ripple

Update: They have added a lot more cryptos recently.

Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users will need to pay a trade fee which varies from 0.1% to 0.8%. Also, whenever you withdrawal or deposit anything, you are charged a certain fee. On Bitfinex, if you are a pro-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts. To get started on Bitfinex, you need to register, verify your ID, and authenticate yourself. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform. And whenever you get bored with the web version or want to trade on-the-go, you can use Bitfinex’s Android and iOS mobile apps.

Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy. However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. It’s a good idea to have an account on most of these, which will save time when you discover a winning coin.

 

Some of those exchanges are:

  • Gate.io
  • Beaxy

I will update this post as I find other trustable and feature-rich cryptocurrency exchanges. For now, you can consider joining our Telegram channel to stay updated with all the latest info. I hope these insights help you in choosing the best cryptocurrency exchange for you to use.

But one word of caution:

  • Don’t use these exchanges as a wallet to HODL your cryptos.

If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then it’s probably OK. Otherwise, this is a bad practice. Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano S or a wallet like Exodus, where you can store a lot of different cryptos and control your private keys. So now it’s your turn to tell me: Which one of these exchanges do you like the best? Also, what’s another great exchange that I haven’t listed here? Let me hear your thoughts in the comments below!

Article Produced By
Harsh Agrawal

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.Join us via email and social channels to get the latest updates straight to your inbox.

https://coinsutra.com/best-cryptocurrency-exchanges/

Nasa’s Apollo navigation computer can mine Bitcoin

Nasa’s Apollo navigation computer can mine Bitcoin

                                 

A 35 kg block with ferrite ring storage – nevertheless,

the hobbyist Ken Shirriff has been able to configure the restored Nasa AGC to mine Bitcoin. That cost a lot of effort and manual adjustment of the Sha-256 algorithm, said the developer. Computer historians got an Apollo Guidance Computer from NASA from the 60s up and running. On the collector’s item from a private range, the developer Ken Shirriff has also tried to operate on the system Bitcoin mining. The result: The AGC can calculate a Sha-256 hash value in ten seconds, writes the IT magazine Ars Technica. “The computer is so slow that it would take about a billion times the life of the universe to successfully dig a bitcoin block,” says Shirriff.

In addition to this extremely slow computing power, the hobbyist had problems with getting the Bitcoin algorithm to work at all. The AGC processes instructions in 15-bit format. Modern computers and mining asics use 32 or 64 bits. This is also true for Sha-256’s 32-bit operations used in bitcoin mining. That’s why he split the algorithm into three parts: a 4-bit part and two 14-bit parts, which the computer processes one at a time.

4 kbyte memory for Sha-256

Shirriff also had to write some memory instructions in subroutines themselves that use modern computers and also Sha-256 – such as Rotate and Shift. The memory itself is a problem that is about 4 Kbytes in size and stores information in magnetized ferrite rings. “I managed to squeeze everything into a memory bank using the same 16 words for multiple purposes,” says Shirriff. That had been associated with much debugging. The AGC was used by NASA for many Apollo missions as a navigation computer. He was modern for the time, as he was already equipped with integrated circuits and weighed only about 35 kg. In 2016 hobbyists could save a copy from scrapping and get it working again.

Article Produced By
BitCoinNews

https://thebitcoinnews.com/nasas-apollo-navigation-computer-can-mine-bitcoin/

This Week In Crypto: Binance Bitcoin Futures Litecoin Sees Adoption Monero Bug

This Week In Crypto: Binance Bitcoin Futures, Litecoin Sees Adoption, Monero Bug

                               

 

This Week In Crypto is a weekly segment from the Live Coin Watch News team,

providing readers with a fun, succinct, and pertinent summary of the most important Bitcoin-related events in the past seven days. While crypto assets’ price action has evidently slowed across the board since last week’s crazy tumult, the underlying industry was still as crazy as ever. Over the past seven days, this budding ecosystem has seen its fair share of both positive and negative tidbits of news.

In the former category, Binance unveiled plans to launch futures, Litecoin may large steps forward in adoption, and Ethereum moved one step closer to commencing its long-awaited “Serenity” upgrade. In the latter category, Monero disclosed a notable bug, the United Kingdom’s leading financial regulator has begun to renew its crypto crackdown, Nouriel “Dr. Doom” Roubini slammed the cryptocurrency industry once again, and the use of Bitcoin on dark web forums was revealed to be rising.

This Week in Crypto

  • Ethereum 2.0 (Serenity) Sees First Spec Freeze, Upgrade On Its Way: Announced by Justin Drake, an Ethereum Foundation researcher, the first code specification freeze for Ethereum’s 2.0 (Serenity) upgrade recently occurred. “This release marks the end-of-June phase 0 spec freeze, v0.8 is to serve as a stable target as implementers work toward multi-client testnets in addition to on-going efforts in formal verification, fuzzing, and audits”, Drake explained. For those unaware, Phase Zero will be the first live activation of proof of stake on Ethereum. Many analysts believe that the transition from mining to staking will allow for the blockchain to regain hegemony of the smart contracting and decentralized application sphere, which has been partially consumed by EOS, Tron, and up-and-comers like Cosmos and Tezos.
  • U.K. Financial Authority Looks to Crack Down on Crypto Derivatives, BitMEX Included: The United Kingdom’s leading financial regulator, the FCA, has just revealed plans to impose a ban on derivatives relating to cryptocurrencies. If put in place, British investors would not be able to use a platform like BitMEX, which is home to the infamous original 100x Bitcoin leverage contract, which some have likened to pure gambling. It is important to note that users often bypass such “bans” with VPNs, which exchanges don’t seem to want to curb.
  • Binance Poised to Launch Bitcoin & Crypto Futures: In a recent keynote, Binance chief executive Changpeng “CZ” Zhao unveiled a surprising tidbit of news. Speaking to the crowd at the Asia Blockchain Summit in Taipei, the exchange head revealed that his firm would soon be launching cryptocurrency futures. A slide from Zhao’s presentation shows a preliminary version of the trading platform, which purportedly allows for up to 20 times leverage, and gives investors the ability to long and short key crypto assets: presumably Bitcoin, Ethereum, and Binance Coin at the minimum. This news comes hot on the heels of Binance’s intent to launch margin trading in the coming week or two.
  • Litecoin Added to Flexa, Adoption Well on Its Way: According to a recent blog post, Litecoin has now been formally added to Flexa, a payments ecosystem that allows merchants to accept cryptocurrencies and receive U.S. dollars. Seemingly explaining why it was making this addition, Flexa writes in the release that LTC “distinguishes itself” from other blockchain platforms with low transaction fees (often under $0.01), fast confirmation times (2.5 minutes), high volumes, “and an active community of avid supporters and payments enthusiasts.” As of the time of press, Litecoin can now be used to purchase goods via Flexa in over 39,250 stores (and counting) across the United States. Retail and restaurant chains that accept Flexa-backed payments, which are routed primarily through Gemini, include Baskin Robbins, Bed Bath & Beyond, GameStop, Nordstrom, Office Depot, Petco, and Whole Foods
  • Monero Bug That Would Have Put XMR Exchanges at Risk Unveiled: This week, a notable Monero (XMR) bug was unveiled by Hackerone, a developer group focused on discovering and patching code mishaps before hackers can exploit them. The vulnerability purportedly allowed for users to send “fake” XMR to an exchange, trade it for an “actual” cryptocurrency, then withdraw funds off the exchange.

Article Produced By
Nick Chong

Nick has been enamored with cryptocurrencies since finding out about them in 2013. He now reports crypto- and blockchain-related news for a number of leading outlets.

https://news.livecoinwatch.com/this-week-in-crypto-binance-bitcoin-futures-litecoin-sees-adoption-monero-bug/

Tron’s DAU Highs but will TRX Respond and Rally?

Tron's DAU Highs but will TRX Respond and Rally?

Tron (TRX) prices drop 3.5 percent

Platform registers new dApp DAU highs

Tron’s superior dApp count and DAU is the reason why Misha Lederman, the network’s advisor of the Dapp Evolution Ecosystem is upbeat. Regardless, TRX prices are under pressure but technically bullish above 3.1 cents.

Tron Price Analysis

Fundamentals

Misha Lederman is a Tron and TRX bull. He’s an ardent supporter as well a certified protector of the network. While Justin Sun has his fair share of criticism, what Tron represents and strive for cannot be dismissed. Adopting a delegated proof of stake consensus algorithm and introducing super representatives, their network is scalable and fast.

However, Tron’s value proposition lies not in their throughput but their TVM. Launched less than three quarters ago, it is compatible with Ethereum’s, and the icing on the cake is perhaps their irresistible offers. Because of that and incentives as Tron Arcade, for example, some projects did shift camps, migrating from Ethereum and settling for speed and scalability. Add that to the successful acquisition and tokenization of BitTorrent, and it is not hard to see why Misha is optimistic. In his latest tweet, he said Tron’s superior dApp and daily active user count is a testament enough of their superiority over competitors and that the platform’s potential is only beginning to show.

Nonetheless, Ton (TRX) is under pressure, dropping 3.5 and 4.3 percent in the last day and week. All the same, technical candlestick arrangements are supportive of bulls. From our previous TRX/USD trade plan, the asset is trending within a bullish breakout pattern as TRX prices oscillate within a 1 cent range with caps at 2.1 cents and 3.1 cents on the upside. Currently, prices are ranging at around the breakout level at 2.5 cents, which is neutral but bullish.

However, it is after there is a sharp move above Apr-30 highs confirming the double-bar bullish reversal pattern ofApr-25-26 that traders can begin loading up with tight stops at Apr-30 lows and targets at 3.1 cents. However, for trend continuation, prices must close above the consolidation at 3.1 cents as buyers of late Dec 2018 flow back.

Technical Indicator

As aforementioned, Tron (TRX) is flat, trading at 2.5 cents. Even so, buyers are in control as long as prices are above 2.1 cents or Jan-14 lows. Accompanying the next wave towards 3.1 cents must be high volumes exceeding 13 million of Apr-25 as laid out in our last TRX/USD trade plan. Conversely, losses below 2.1 cents must be with equally high volumes.

Article Produced By
Dalmas Ngetich

https://www.newsbtc.com/2019/05/04/trons-dau-highs-but-will-trx-respond-and-rally/

Why Nano-Cap Vislink Technologies Is Ripping Higher

Why Nano-Cap Vislink Technologies Is Ripping Higher

Shares of Vislink Technologies Inc VISL 318.67%,

a global wireless communications solutions provider, were skyrocketing on above-average volume Wednesday. 

What Happened

Vislink announced a $2.8-million contract Wednesday that it won with the U.S. Army to supply intelligence, surveillance and reconnaissance receiver devices. "We are honored that Vislink continues to be a trusted partner to our armed forces, and this latest contract underscores our ability to meet their most stringent requirements," COO John Payne said in a statement. 

Why It's Important

Vislink has had several positive catalysts in recent months. In early June, the company said it bagged $650,000 in orders for HD airborne downlink system equipment and related services from law enforcement agencies in California and Minnesota. The company said in late May that it regained full compliance with all applicable listing requirements of the Nasdaq Capital Market. The recent U.S. Army contract represents about 7% of Vislink's annual revenue of $37.9 million in 2018. At last check, Vislink shares were soaring 331.31% to $7.12 at the time of publication Wednesday.

Article Produced By
Shanthi Rexaline

Benzinga Staff Writer

 

https://www.benzinga.com/news/19/07/14054045/why-nano-cap-vislink-technologies-is-ripping-higher

Introducing A Strategic Partnership with Cointraffic and Biggico

Introducing A Strategic Partnership with Cointraffic and… Biggico!

In the huge crypto news this week,

Cointraffic has strategically partnered with an affiliate network, Biggico, to offer even more value to crypto advertisers in the blockchain space. What additional opportunities will this partnership create for the industry at large? Read on to find out…

It’s a wonderful day when two like-minded companies in the same space come together to double their output, their creativity and their impact. After all, aren’t two heads better than one? That’s why we’re popping the champagne corks at the latest slice of crypto news in the Coinraffic office – because we’ve just announced a strategic partnership with the affiliate network, Biggico!

⌈Affiliate network, you say? What’s that and how can it help me with my ads?⌋

Well, in a number of ways…

An affiliate network is a platform that serves as an intermediary between an affiliate and an advertiser, via an online referral program where commissions are paid to publishers (in crypto) based on sales they generate through referred customers. Biggico was founded by IT entrepreneurs to meet the needs of what they coined the “cryptoverse”, a rapidly expanding industry where this kind of performance-based marketing simply didn’t exist. So, they built it, complete with thorough tracking, reporting and payment capabilities. Now, Biggico is the largest crypto affiliate marketing platform in the space, with 38 crypto offers, including revenue share, deals up to 45% and cost-per-acquisition (CPA) deals up to $550 on platforms like ICO, Exchange, Forex, Wallet, Cloud Mining, Gambling e-Commerce, and Cybersport.

The latest in crypto news: Cointraffic and Biggico’s strategic partnership.

About the partnership, CEO Dmitry Yelin said: “Both Cointraffic and Biggico operate in one industry. With different business models, we offer complimentary tools in crypto marketing, and our partnership represents an organic, symbiotic relationship, where both companies can grow, win even more of the market, and for their customers – get maximum opportunities at the best price on partner platforms.”

And for the Cointraffic team, that’s really what this partnership represents: a maximum opportunity at the best price for our customers. As a business operating in a space rife with so much opportunity, it’s important for us to stay ahead of the eight-ball with our service offering. We want advertisers who use our platform to have untapped access to the best in crypto marketing with a diverse range of publishers and advertising options, and we’re just as committed to ensuring that the privacy and safety of your bitcoin or ether are upheld, too. 

The major advantage of strategically partnering with a platform like Biggico is that they’re first and foremost a technological platform: developed from scratch and taking into account all features of cryptology; including a robust software for tracking crypto-transactions. Such technology allows them to offer features that are shave-proof and include quick payout, personal managers, minimal limitations, real-time stats and offers upon request for publishers, and for advertisers, they’re completely worldwide, accept all types of traffic and given their location in Belarus (a tax-free haven), can guarantee the best prices and lowest commissions on the market. 

Biggico’s unique offering in affiliate networking.

For you, our customers, that represents a whole new layer of opportunity, diversity, and quality in the ad sets we run – and we’re so excited for you to experience this first-hand. You can start taking advantage of the partnership right now!

Article Produced By
COINTRAFFIC

Cointraffic is the leading bitcoin and crypto-advertising platform globally. Trusted by more than 400 crypto-related websites, you have untapped access to some of the biggest publishers in the industry, as well as their audiences – be it customers, buyers, traders or investors – through advertising solutions that create unparalleled brand awareness for you. Just like the crypto industry, we’re growing all the time – expanding into new geo-locations, languages, advertising block offerings and marketing services (RTB, PR, remarketing and CRO) every day. There’s never been a better time to join us as we help businesses share their brand message like never before.

https://cointraffic.io/blog/news/cointraffic-biggico-strategic-partnership

Is Bitcoin a good investment?

Is Bitcoin a good investment?

This article is not investment advice.

Instead, it aims to give you a better understanding of what Bitcoin investment involves.

The basics of Bitcoin investment:

  • You can invest in both Bitcoin Cash (BCH) or Bitcoin Core (BTC). They’re two separate digital currencies which can be bought and sold online.
  • There’s no single definition for Bitcoin investment: it depends on what you decide to do. For instance, you might be buying coins to store or trade, or you might try to earn coins by getting involved with Bitcoin mining.
  • As with any type of investment, do your research before spending any money on Bitcoin-related investments and make sure you never spend more than you can afford to lose.

Is Bitcoin investment safe?

  • A quick look at our Bitcoin price charts will tell you that both Bitcoin Cash (BCH) and Bitcoin Core (BTC) can have periods of high volatility.
  • That’s because they’re both new investment opportunities and, as market sentiment around the potential of cryptocurrencies fluctuates, so too does the price of every coin within the space.
  • Predicting these periods of volatility is hard even for experienced traders. But, by doing your research and learning about the different types of Bitcoin investment opportunities (and scams), you can make more educated investment decisions.xxxxxxxxxxxxx
  • Most new investors simply want to purchase Bitcoin and, once they own it, they store it securely for the foreseeable future (aka ‘hodling’).
  • The goal here is that the Bitcoin bought will appreciate in value and, if this happens, the investor can sell their Bitcoin on for a profit.
  • There is no way to predict whether the Bitcoin you buy will increase in value. One of the biggest factors impacting price is usability, so keep up to date with industry news to learn more about the potential of different cryptocurrencies.
  • To purchase Bitcoin, you exchange fiat currency (e.g. USD) for either Bitcoin Core (BTC) or Bitcoin Cash (BCH).

Investing through active Bitcoin trading

  • Trading Bitcoin involves buying either Bitcoin Cash (BCH) or Bitcoin Core (BTC) and, instead of storing it, trading it frequently.
  • The goal here is to buy when the price is low and sell when it rises, meaning a profit is made when the Bitcoin is sold.
  • Bitcoin traders often do this over relevantly short periods of time, closely tracking the market price to determine when to buy and sell.
  • Since there is no way to predict the market, it’s wise to trade with caution and be aware that there are never any guarantees of making a profit.

Investing through Bitcoin mining

  • Bitcoin mining involves trying to ‘earn’ Bitcoin Core (BTC) and Bitcoin Cash (BCH) by lending computational power to the networks.
  • In short, when a computer successfully processes Bitcoin transactions, it’s rewarded with newly-created coins—meaning the owner of the hardware earns Bitcoin.
  • To start mining, you can either buy your own mining hardware or you can rent hardware through a cloud mining contract. Either way, joining a mining pool means you’re more likely to successfully mine Bitcoin (i.e. shared efforts for shared profits).
  • The profitability of Bitcoin mining depends on various factors. Above all, the value of the mined Bitcoin needs to be greater than the cost of running the mining hardware for miners to see a profit.

Avoiding Bitcoin investment scams

  • As with any financial landscape, the crypto space is rife with scammers looking to take advantage of new investors.
  • As a rule of thumb, any investment opportunity that seems too good to be true probably is. For instance, if a site or company claims it can double your Bitcoin or offers high interest rates if you ‘lend’ them your coins, they’re a scam.
  • Likewise, if you’re unexpectedly approached by somebody out of the blue promising to send you more Bitcoin if you first send them some, ignore it.
  • Many people fall victim to scams—especially when the fraudsters pose as well known figures in the crypto space through fake social media and email accounts.
  • Before committing to any investment, thoroughly research the company or website involved to establish whether they’re trustworthy.

Article Produced By
Bitcoin.com

https://www.bitcoin.com/get-started/is-bitcoin-a-good-investment

What Is the Blockchain Trilemma?

What Is the Blockchain Trilemma?

                                 

Decentralized cryptocurrency platforms such as the Bitcoin (BTC) and Ethereum (ETH)

blockchain networks have allowed users throughout the world to exchange data and monetary value in a peer-to-peer (P2P) way. Most crypto transactions are settled without the need for middlemen or intermediaries – which can result in reduced costs and greater efficiency. However, the blockchains of today face various challenges including technical design limitations such as their inability to scale effectively. The majority of existing blockchains may also be susceptible to various security vulnerabilities and certain distributed ledger technology (DLT)-based networks such as EOS and NEO have been criticized for being prone to centralization.

Technical Challenges: Scalability, Security, and Decentralization

Commonly referred to as the “blockchain trilemma”, the three main challenges faced by public, permissionless, DLT-enabled networks include scalability problems, security-related issues, and ensuring an adequate level of decentralization. While some developers, including the creators of IOTA, believe that the blockchain data structure itself has inherent limitations that prevent it from scaling, many software architects believe that it’s possible to build scalable blockchains. 

Can Proof of Work Blockchains Scale Effectively?

However, most of the newer or second and third-generation blockchains have not been developed using Bitcoin proof-of-work (PoW)-based consensus algorithm. In addition to requiring users to engage in the environmentally harmful process of mining, critics of the PoW consensus protocol argue that it significantly reduces the throughput capacity of a blockchain network. In fact, data from statoshi.info (a website that provides the latest statistics for the Bitcoin network) shows that the PoW-powered Bitcoin blockchain is only processing an average of 3.85 transactions per second (TPS). 

Proof of Stake Chains Might Be Scalable, But Are they Secure?

Since most enterprise-grade applications and modern business networks require a far greater throughput, a large number of newer cryptocurrency platforms have moved away from the PoW-based consensus mechanism. Instead, major blockchain-enabled platforms such as EOS, Cardano (ADA), and Tron (TRX) use some type of proof-of-stake (PoS)-based consensus algorithm to validate transactions on their networks. Although PoS-powered networks generally deliver much higher throughput than PoW chains, there can be certain security risks that might discourage users from adopting the proof of stake consensus model.

Block Producers Allegedly Collude, Engage in “Mutual Voting and Payoffs”

In August 2018, Twitter user Maple Leaf Capital, an EOS investor, alleged that certain EOS block producers including Huobi had been colluding by engaging in “mutual voting and payoffs.” In an excel spreadsheet shared via Twitter (at that time), Maple Leaf revealed that Huobi and many other BPs had consistently been engaging in mutual voting in order to “cement” their positions as EOS network transaction validators. Moreover, Maple Leaf claimed that Huobi had been openly voting for a select few BP candidates in exchange for payoffs in EOS tokens. Indeed, these types of incidents raise serious concerns regarding the effectiveness of delegated proof-of-stake (DPoS)-based blockchains in creating a trustless and open network.

Are Proof of Stake Chains Truly Decentralized?

In addition to network integrity and security-related issues with PoS chains, several analysts have argued that large PoS-powered networks such as Tron and EOS are not truly decentralized. According to many crypto industry participants, a cryptocurrency network may become increasingly centralized when there are only a few network participants that are responsible for validating transactions. For instance, there are only 21 and 27 block producers that validate transactions on the EOS and Tron (TRX) blockchains, respectively.

EOS Downgraded for “Serious Centralization Issues”

Although the creators of EOS and Tron claim their BPs are chosen based on a “democratic” voting process by their community members, critics argue that the control and the responsibility of managing a blockchain-based platform should be more evenly distributed among all network participants. In June 2019, Weiss Crypto Ratings, an organization that assigns ratings to different cryptocurrencies based on their performance and technical design, downgraded EOS due to “serious centralization issues.” One of the reasons why EOS may be considered centralized (to some extent) by some users is due to its controversial voting system – which seems to favor users who have a large stake in the network (holding a large amount of EOS tokens).

Are Proof of Work Networks Decentralized?

While the developers of PoS-based blockchains have been criticized for creating centralized platforms, the PoW-powered Bitcoin (BTC) network might also be prone to centralization. In February 2019, the Canaccord Genuity Group, a Canada-based financial services company, confirmed that GHash.IO, a BTC mining pool, had been controlling as much as 50% of the Bitcoin network’s hashrate.

Researchers at Canaccord had argued that the world’s most dominant cryptocurrency could have been “vulnerable” to a potential 51% attack. In these types of attacks, a single entity manages to acquire the majority of a network’s hashpower and then uses it to engage in double-spending or launch other types of attacks on a blockchain network. However, the research team at Canaccord claims that, as of February 2019, no single BTC mining pool controls greater than 20% of the cryptocurrency’s hashrate. Significantly, only five bitcoin mining pools still reportedly control between 10-20% of BTC’s hashrate. 

Is It Necessary to Solve the Blockchain Trilemma?

Bitcoin (BTC) maximalists have argued that the security and decentralization of a blockchain network are more important than on-chain scalability. Samson Mow, Chief Strategy Officer (CSO) at Blockstream, has said that BTC transactions need not be fast because the leading cryptocurrency’s main use case is to serve as a store-of-value (SoV). Since many BTC supporters, including former Google engineer Vijay Boyapti, believe that Bitcoin’s value proposition does not depend on its ability to mainly function as a mode of payment, they may not think it’s necessary to solve the “blockchain trilemma.” 

Notably, prominent Bitcoin developer Jimmy Song has also stated on several occasions that the BTC blockchain should not be thought of as a technology that requires constant innovation – such as enhancing the network’s scalability. Instead, off-chain, layer-two scalability solutions such as the Lightning Network (LN) are being developed – in order to expedite micropayments made with bitcoin.

Article Produced By
Omar Faridi

https://www.cryptocompare.com/coins/guides/what-is-the-blockchain-trilemma/