2018 is the year of the cryptocurrency Masternodes

Digital currencies, such as Bitcoin and Ethereum, appear daily in news headlines. The features that make these cryptocurrencies unique are their ability to act as a store of value, and the fastest possible transfer rate or at least with the introduction of a lightning network for bitcoins, as well as switching Casper Ethereum to POS and smart contract capabilities allow cryptocurrencies – it’s not just money. Now the Masternodes coins are very fierce thanks to the extra incentive it gives to own a percentage of a certain currency.

If you could imagine how your good old hundred-dollar bill with a blue face is on steroids, you would be close to having to imagine a masternode coin. In the world of cryptocurrency, bid-proof is a method of confirming a transaction hash that maintains consensus and stores all notes on a single page, so there can be no double spending of any specific transactions, and everything is fine with network consensus. Betting on coins is a way to use the amount of your own currency and synchronize your digital wallet with the network to support it, and in return you get an incentive to confirm transactions. To run masternodes, you need to have a certain number of coins running online, and follow the instructions to set up masternodes for any currency in which you plan to invest. The added incentive is surprisingly more than just betting coins, in some cases, up. 1500 percent annually. It is this astronomical return on investment that really attracts a lot of attention and investment to the Masternodes market.

One of the crypto-plans to release the Masternodes coin in early 2019 is the Allince Token tattoo, which will be a side chain on the Egem blockchain that destroys the tattoo, creating a symbolic reward system for both people who want to buy tattoos and for artists who look yes. forward to applying the illustration in exchange for a token. I believe it will be an amazing and refreshing idea and a great way to add long-term benefits to tattoo artists who still don’t have a 401 thousand or incentive program. I am optimistic about this cryptography as it seeks to achieve great rewards and add great value to existing heavy industry. I believe that along with the capabilities of Masternodes, it will also have a rate and smart protocol protocol, and offers decentralized autonomous management and a membership reward program. Look for more about the TAT Masternodes token, which will appear early next year.

The best bitcoin trading platforms

Cryptocurrency has given not only the fastest way to transfer money, but also a new organization with which you can trade and make money other than stocks and other commodities. While you can directly sell and buy bitcoin, you can also use bitcoin exchanges to continue your cryptocurrency trading. There are many exchanges where bitcoin trading is safe and secure, and customers are also provided with many advanced services. As an investor or cryptocurrency trader, you can choose any of the exchanges for your comfort. However, it is recommended to spy on the reviews of some before giving up the choice. Below is a brief overview of the best bitcoin exchanges around the world.

CoinBase: This is probably one of the most famous and largest bitcoin exchanges that trade double funds directly and through a wallet. CoinBase was founded in 2012 thanks to a venture search for the Y-Combinator and has grown rapidly since then. It has many lucrative services such as multiple deposit and withdrawal options, money transfers between two CoinBase instant, wallet funds with multiple signature options for more secure transfers, Bitcoin deposits insured for any occasion, etc. Europe and the United States, which freely allow transactions through them. It has relatively low transaction fees and offers bitcoin trading along with plenty of altcoin trading.

CEX.IO: one of the oldest and most well-known exchanges, launched in 2013, London as a bitcoin trading exchange as well as a cloud mining intermediary. Later, the capacity of mining increased so much that it occupied almost half the capacity of network mining; however, it is now closed. “CEX.IO” allows customers to expand a much larger volume of bitcoin transactions, and it has the ability to instantly provide bitcoin at a asking price. However, this exchange takes a high amount of exchange, but this is offset by the security and ability to allow multi-currency transactions (dollar, euro and ruble) to buy bitcoin.

Bitfinex: This is one of the most advanced trading exchanges and it is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as for bitcoins, this exchange has the best options such as credit exposure, margin and multi-order trading. In addition, Bitfinex offers customizable GUI features, many types of orders such as limit, stop, trailing stop, market, etc. This exchange also provides about 50 currency pairs that can be traded and with easy withdrawal for everyone. One of the largest exchanges in terms of trading volume Bitfinex offers a pseudonym for transactions, and only some services require identification. The only downside to this exchange is that it does not support the purchase of bitcoins or any other altcoins through fiat transactions.

Bitstamp: It was founded in 2011 and is the oldest of the exchanges offering transactions with cryptocurrency and bitcoins. Most respected because, despite being the oldest, he has never been a security threat lately. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple, and is available with a mobile app in addition to a website to trade. It has excellent support for European users or traders who have a Eurobank account. Security is extended and stored in a cold store, which means the coins are stored offline, so you can tell that hacker intrusion is completely impossible. Finally, its sophisticated user interface suggests that it is not for beginners but for professionals and offers a relatively low transaction fee.

Kraken: It is one of the largest stock exchanges in terms of liquidity, trading volume of the euro and source indicators of Canadian dollars, US dollars and yen. The most respected Kraken exchanges, which are managed through the turmoil of cryptocurrency trading, have managed to keep a number of customers safe, no matter which other exchanges are hacked at the same time. Having 14 or more opportunities to trade cryptocurrency, the user can make a deposit as well as cryptocurrency along with a similar withdrawal capacity. However, it is not suitable for beginners, but has better security features and a lower transaction fee compared to CoinBase. The most important factor for Kraken is that he is trusted in society and he was the first to show volumes and prices at the Bloomberg terminal.

Reasons to sell gold for cash

Gold sales have become one of the most popular businesses since the recession. Why? The reason is that the price of gold during this period jumped over the roof. He has managed to continue to give big cash benefits over the years. Instead of buying stocks, people looked for every gold item they needed to sell, instantly, regardless of whether it was damaged or not.

Another reason is the opportunity for people to solve their financial problems, especially with rising living standards. The cash they receive from the sale of gold largely covers most accounts and mortgages.

There is also a business opportunity associated with building a career out of selling gold. Someone buys gold from family members, friends and neighbors. They pay them a small amount of cash and hand over the gold to the buyers of the gold for a lucrative amount.

How to get money for selling gold

There are many gold buyers who would exchange money for gold. One of them is a local jeweler. People only need to walk around the places of doing business, weigh gold products and give out money depending on the weight of the gold.

Companies that buy gold also exist for the same reason as jewelers. The process is the same in these companies. Come in with the gold, weigh it, and the money will be provided.

Websites that buy gold are other ways when you need to sell gold. The sales process here is somewhat different as it does not require a personal approach. People must first send a sample of the gold they intend to sell as proof. They then weigh the gold and report to the site their weight, which follows the value of the gold. They then send the gold to the company that buys the gold on the site, and their money is sent immediately after the weight check. This process takes more time, but it is just as effective in the long run.

What to do before converting gold to cash

It is always important to do some research on the current value of gold and the sales process before engaging in any sales. This is so that people are not robbed for less money or no money at all.

Therefore, the first thing to do is to weigh all the gold items. The next step is to find out what the market value of gold is now, and to estimate the amount of cash. Next, do some research on companies that buy gold to which someone can sell their gold. This way, you can find out about their business nature, whether it is legitimate or not. When it comes to websites, it is very helpful to read a couple of reviews.

The Bureau of Business Improvement stated that gaining some knowledge on different types of gold scales is also very important before selling gold. This is because companies and jewelers use different types of scaling machines with different gram sizes for an ounce of gold. For example, the standard weight of an ounce of gold is 28 grams. However, some companies and jewelers use a troy ounce, which weighs an ounce of gold at 31.1 grams. Others use a penny, which is 1,555 grams.

How to get $ 10 free bitcoin is simple and easy

By now, you’ve probably heard of bitcoin – there are stories of people making thousands of dollars a night on this and other cryptocurrencies.

As with any new speculative investment, there is an element of risk. That’s why starting with a free $ 10 bitcoin is a good way to try it out and start learning how it all works. I myself am still a beginner in all this and during my research came across this process. It helped me, so I thought I should share it with you.

The first thing you need to know about buying bitcoin is that there are several basic ways to purchase it, and doing so is not that difficult.

The two main ways to purchase bitcoin are through a broker or through an exchange. Check out the Coinbase exchange – this is one of the largest exchanges, they have a clean and clear interface, they have access to applications on various mobile and computer platforms, and you offer $ 10 free bitcoin to get started. There are other exchanges I’ve tried that work well – BTCMarkets and Coinspot to name a good pair – but only Coinbase has $ 10 for the starting bonus.

An additional benefit of Coinbase is that it works locally in multiple currencies – for example, if you are in Australia, all your data will be displayed in Australian dollars, so you don’t need to keep exchange rates on your toes and the like.

It’s also worth noting that bitcoin isn’t the only cryptocurrency Coinbase deals with – you can also buy Etherium (ETH), Bitcoin Cash (BCH) or LiteCoin (LTC) – whichever currency you choose to use, you can still get 10 US dollars free bitcoin.

Without further ado, here it is – how you get a free $ 10 bitcoin:

1) Subscribe to Coinbase (link below this article will allow you to get a $ 10 bonus)

2) Complete the process of setting up an account, including checking your email address, phone number and uploading proof of your license (driver’s license, passport or other photo ID – this can be done by taking a photo with your phone)

3) Enter your credit card details and verify the card by reviewing the transactions that Coinbase will add to your online banking statement (it’s instant and you won’t pay)

4) Order a bitcoin for $ 100, etherium – anything – on your activated account. If your local currency is not USD, you will need to make sure you order an amount equivalent to $ 100

*** IMPORTANT NOTE: All bitcoin purchases pay, and Coinbase is no different. У most, the initial purchase fee of $ 100 should be about $ 4 ***

5) That’s it! In a couple of days, a $ 10 bitcoin will appear in your Coinbase account – even if you calculate the purchase price, you will still be ahead.

So if you are interested in bitcoin, you want to dip your toe without risk and want to get free money (!) In the process, give it a try. The Bitcoin bonus will cover your first deposit fees and help you find out what you are talking about.

Sounds good?

Some concluding remarks:

• This process will only work if you are a new Coinbase customer. If you already have an account, you will not receive a free loan

• You can get a free $ 10 only if you sign up at the link below.

• The above offer is limited in time – after creating an account at the link you have 180 days in which you can buy bitcoin, lightcoin or etherium for $ 100 and get a loan of $ 10.

I hope you have a happy and prosperous future with bitcoins and you take advantage of a free $ 10. Free money doesn’t come every day, and with the rates by which bitcoin has risen recently, $ 10 can multiply pretty quickly! My plan is to just sit on $ 110 for a while, see what happens, and feel the ups and downs of bitcoin. Let’s see how we go.

A brief introduction to the blockchain – for ordinary people

Crypto-what?

If you tried to immerse yourself in this mysterious thing called a blockchain, you would be forgiven for the horror of deviating from the opacity of the technical jargon often used to create it. So before we understand what a cryptocurrency is and how blockchain technology can change the world, let’s discuss what a blockchain really is.

Simply put, a blockchain is a digital transaction book, unlike the books we have used for hundreds of years to record sales and purchases. The function of this digital book is actually pretty much identical to a traditional book in that it records debits and credits between people. This is the basic concept of a blockchain; the difference is who keeps the book and who checks the transactions.

In traditional transactions, payment from one person to another is linked to some intermediary to facilitate the transaction. Let’s say Rob wants to transfer Melanie 20 pounds. He can transfer cash to her in the form of a £ 20 bill, or he can use some bank application to transfer the money directly to her bank account. In both cases, the intermediary who checks the transaction is the bank: Rob’s funds are checked when he takes money from an ATM, or the application checks them when digitally transferred. The bank decides whether to carry out the operation. The bank also keeps track of all transactions made by Rob, and is solely responsible for its renewal if Rob pays anyone or receives money into his account. In other words, the bank holds and controls the book, and everything flows through the bank.

This is a big responsibility, so it’s important that Rob feels he can trust his bank, otherwise he wouldn’t risk his money with them. He must be sure that the bank will not deceive him, will not lose money, will not be robbed and will not disappear overnight. This need for trust underpinned virtually all major behaviors and aspects of the monolithic financial industry, and even when banks were found to be irresponsible with our money during the 2008 financial crisis, the government (another intermediary) chose to bail them out rather than take risks destroy the ultimate fragments of trust by allowing them to collapse.

In one key aspect, blockchains work differently: they are completely decentralized. There is no central settlement institution like a bank, and there is no central ledger kept by a single entity. Instead, the book is distributed over a wide network of computers called nodes, each of which contains a copy of the entire book on the appropriate hard drives. These nodes are connected to each other using software called peer-to-peer (P2P) software, which synchronizes data across a network of nodes and ensures that everyone has the same version of the book at all times.

When a new transaction is entered into a transaction, it is first encrypted using state-of-the-art cryptographic technology. Once encrypted, a transaction is converted into what is called a block, which is basically a term used for an encrypted group of new transactions. This block is then sent (or broadcast) to a network of computer nodes, where it is checked by the nodes and, after verification, transmitted over the network so that the block can be added to the end of the book on each computer, under a list of all previous blocks. This is called a chain, so the technology is called a blockchain.

After approval and entry in the book the transaction can be completed. This is how cryptocurrencies like bitcoin work.

Accountability and withdrawal of trust

What are the advantages of this system over a banking or central clearing system? Why does Rob use bitcoin instead of regular currency?

The answer is trust. As mentioned earlier, it is very important for the banking system that Rob trusts his bank to protect his money and handles it properly. For this to happen, there are a huge number of regulatory systems to verify the actions of banks and ensure their compliance with the purpose. Governments then regulate regulators, creating a kind of multi-tiered system of inspections, the sole purpose of which is to prevent errors and misconduct. In other words, organizations like the Financial Services Authority exist precisely because banks cannot be trusted on their own. And banks often make mistakes and behave badly, as we have seen too many times. If you have one source of power, power is usually abused or abused. Trusting relationships between people and banks is awkward and shaky: we don’t really trust them, but we don’t feel there is a great alternative.

On the other hand, blockchain systems do not need to trust them at all. All transactions (or blocks) in the blockchain are checked by nodes on the network before being added to the book, which means that there is no single point of failure and a single acknowledgment channel. If a hacker wanted to successfully tweak a book in a blockchain, they would have to hack millions of computers at once, which is virtually impossible. A hacker would also be largely unable to disable a blockchain network because, again, they would need to be able to shut down every computer on a computer network distributed around the world.

The encryption process itself is also a key factor. Blockchains, such as bitcoin, use deliberately complex processes for the verification procedure. In the case of bitcoins, blocks are scanned by nodes that perform intentionally processor and time-consuming series of calculations, often in the form of puzzles or complex mathematical problems, meaning that the scan is neither instantaneous nor accessible. The nodes that make the resource for checking the blocks are rewarded with a transaction fee and a reward for the recently minted bitcoins. It has the function of both encouraging people to become nodes (because processing such units requires quite powerful computers and a lot of electricity), as well as handling the process of generating – or minting – currency units. This is called mining because it requires considerable effort (in this case a computer) to produce a new product. It also means that transactions are verified in the most independent way, more independent than a government organization such as the FSA.

This decentralized, democratic, and highly secure nature of blockchains means that they can function without the need for regulation (they are self-regulating), government, and other non-transparent intermediaries. They work because people don’t trust each other, not the other way around.

Let the value of this subside for a while, and the hype around the blockchain starts to make sense.

Reasonable contracts

Things get really interesting – it’s the application of a blockchain outside of cryptocurrencies like bitcoin. Given that one of the basic tenets of the blockchain system is secure, independent transaction verification, it’s easy to imagine other ways in which this type of process can be valuable. Not surprisingly, many such applications are already in use or under development. Some of the best:

  • Smart Contracts (Ethereum): Probably the most exciting blockchain development after bitcoin, smart contracts are the blocks that contain the code that needs to be executed in order for the contract to be executed. The code can be any as long as it can be executed by a computer, but in simple words, it means you can use blockchain technology (with its independent verification, distrustful architecture and security) to create a kind of deposit system for any transaction. For example, if you are a web designer, you can create a contract that checks whether a new client’s website is running or not, and then automatically releases you money. No more chasing or billing. Smart contracts are also used to confirm ownership of an asset such as property or art. The potential for reducing fraud with this approach is huge.
  • Cloud storage (Storj): Cloud computing revolutionized the Internet and led to big data, which in turn marked the beginning of a new AI revolution. But most cloud systems run on servers stored on single-site servers that belong to the same entity (Amazon, Rackspace, Google, etc.). This creates the same problems as the banking system because your data is managed by a single opaque organization that is the only point of failure. Dissemination of data on the blockchain completely removes the problem of trust, and also promises to increase reliability, as to remove the network of blockchains is much more difficult.
  • Digital Identification (ShoCard): The two most important issues of our time are data theft and data protection. With extensive centralized services such as Facebook storing so much data about us, and the efforts of various governments in developed countries to keep digital information about their citizens in a central database, the potential for misuse of our personal data is appalling. Blockchain technology offers a potential solution to this by wrapping key data in an encrypted block that can be verified by a blockchain network whenever you need to verify your identity. Scope – from explicit replacement of passports and identity cards to other areas, such as replacement of passwords. It can be huge.
  • Digital voting: Extremely relevant as a result of the investigation into Russia’s influence in the recent US elections, digital voting has long been suspected of being unreliable and highly vulnerable to fraud. Blockchain technology offers a way to verify the success of voter voting while maintaining anonymity. He promises not only to reduce election fraud, but also to increase voter turnout, as people will be able to vote on their mobile phones.

Blockchain technology is still in its infancy, and most applications are far from common. Even bitcoin, the most established blockchain platform, undergoes tremendous variability, indicating its relative novice status. However, the potential of the blockchain to address some of the major challenges we face today makes it an extremely exciting and enticing technology to follow. I will definitely be watching.

4 things collectors need to know before looking for money for silver

As a shiny white metal silver is much desired by many jewelry lovers and coin collectors. It can give people years of fun at an exhibition or as part of a valuable collection. This metal can also allow collectors to have almost instant access to cash when they need it in a hurry. Those who want to get paid for silver should consider these four things before selling.

Conditions matter

While many sellers may be in a hurry to get paid for silver, they don’t have to just accept an offer without considering the fine print. Legitimate websites of companies that buy metals will encourage sellers to familiarize themselves with the contract and the fine print so that they are satisfied with the terms. The sale of any metal should be positive for the buyer and seller. If sellers don’t understand any of the terms, they should ask questions and figure out any uncertainties before signing a dotted line (or giving an electronic signature, as modern technology now often allows people to do).

Almost all forms should be considered

Some people believe that silver should be in the form of collectible coins in order to be purchased. However, due to the properties of the precious metal, it is used in a variety of items, including clothing, electronics and mirrors. Although sellers will probably not be able to get money for metal in clothing, they can get money for silver in many other forms of it. Some common forms of this metal that buyers seek include:

– Ingot coins

– Collecting

– Jewelry

– Bars

– Sterling or utensils

– scrap

Rogue buyers are a risk

Sometimes an unfamiliar or individual buyer may approach collectors about purchasing their collections, but in such situations they should act with extreme caution. Transitional dealers, who may call themselves rogue buyers, may be scammers. Unlike well-known websites, shops and businesses that specialize in providing customers with money for silver as part of their business operations, some rogue buyers may walk away with the metals left in them for valuation, or offer a price that is significantly below the actual value. It is better to stick to a professional business.

Sales receipts are helpful

Although sellers can be satisfied with cash after the transaction, they should always receive a receipt. It should be kept as a record of the sale, and the receipt should contain such important information as the name and address of the company buying the silver, the names of all the precious metals sold in the transaction, and the date. sales.

Finally, silver is a beautiful metal element that offers owners many opportunities, such as the ability to quickly get money, hide it on a rainy day or treat – it’s a long-term investment. It’s a metal that collectors can count on to get quick money when they need it.

Some of the best cryptocurrencies you can now invest in for a free and secured financial exchange

Cryptocurrency as a modern form of digital asset has gained worldwide recognition for simple and fast financial transactions, and its awareness among people has allowed them to be more interested in this area, opening up new and improved ways to make payments. With the growing demand for this global phenomenon, new traders and business owners are willing to invest in this currency platform, despite its price fluctuations, but to choose the best when the market is full, is quite difficult. The list of cryptocurrencies bitcoin – one of the oldest and most popular in recent years. It is mainly used for trade in goods and services and has become part of the so-called computerized blockchain system, which allows anyone to use them, thus increasing the enthusiasm of the population.

Ordinary people who want to buy BTC can use the wallet system online to safely buy them in exchange for cash or credit cards and comfortably from thousands of BTC funds around the world and keep them as an asset for the future. Because of its popularity, many corporate investors now accept them as cross-border payments, and growth will not stop. With the advent of the Internet and mobile devices, gathering information has become fairly simple, as a result BTC’s financial transactions are affordable, and its value is set according to people’s choices and preferences, leading to a profitable investment. Recent surveys have also shown that instability is beneficial for BTC exchange, as there is instability and political unrest in the country that causes banks to suffer, and then investing in BTC may be the best option. Again, the fee for bitcoin transactions is a fairly cheap and more convenient contracting technology, thus attracting crowds. BTC can also be converted into various currencies and used to trade securities, land titles, stamping documents, government awards and vice versa.

Another advanced blockchain project is Ethereumor ETH, which has served much more than just a digital form of cryptocurrency, and its popularity over the past few decades has allowed billions of people to hold for their wallets. With the ease of the online world ETH has allowed retailers and business organizations to take them for trading purposes, so it can serve the future of the financial system. Also ETH is open source and helps to collaborate with projects of different firms and industries, thus increasing their usefulness. Again, unlike the bit coins used to exchange money on a digital network, ETH can also be used for multiple applications other than financial transactions, and does not require prior government permission so people can use them with their portable devices. The cost of airtime also remains stable, and this avoids breaches by any third-party intermediaries such as lawyers or notaries, as exchanges are largely software-based, allowing ETH to become the second best cryptocurrency you can invest in.

Fear not, China does not ban cryptocurrency

In 2008, after the financial crisis, the article “Bitcoin: peer-to-peer electronic monetary system” was published, which describes in detail the concepts of the payment system. Bitcoin was born. Bitcoin has attracted worldwide attention using blockchain technology and an alternative to fiat currencies and commodities. Named the next best technology after the Internet, the blockchain offered solutions to problems we hadn’t been able to solve or ignored over the past few decades. I won’t delve into its technical aspect, but here are a few articles and videos I recommend:

How bitcoin works under the hood

Gentle introduction to blockchain technology

Have you ever wondered how bitcoin (and other cryptocurrencies) actually work?

True, today, February 5, the Chinese authorities have just introduced a new set of rules banning cryptocurrencies. The Chinese government already did this last year, but many have bypassed foreign exchanges. It has now enlisted the almighty “Great Firewall of China” to block access to foreign exchanges to stop its citizens from conducting any cryptocurrency transactions.

To learn more about the position of the Chinese government, let’s go back to a few years ago, in 2013, when bitcoin was gaining popularity among Chinese citizens and prices were rising rapidly. Concerned about price fluctuations and speculation, the People’s Bank of China and five other government ministries issued an official statement in December 2013 entitled “Bitcoin Financial Risk Prevention Notice” (link to Mandarin). Several points were highlighted:

1. Due to various factors such as limited supply, anonymity and the absence of a centralized issuer, bitcoin is not an official currency but a virtual commodity that cannot be used on the open market.

2. All banks and financial institutions are prohibited from offering bitcoin-related financial services or engaging in bitcoin-related trading activities.

3. All companies and websites that offer bitcoin-related services must register with the required government ministries.

4. Due to the anonymity and cross-border nature of bitcoin, organizations providing bitcoin-related services should take preventive measures, such as KYC, to prevent money laundering. Any suspicious activity, including fraud, gambling and money laundering, should be reported to the authorities.

5. Organizations that provide services related to bitcoins should inform the public about bitcoins and the technologies that underlie them, and not mislead the public with misinformation.

Simply put, bitcoin is classified as a virtual commodity (such as gaming credits) that can be bought or sold in its original form rather than exchanged for fiat currency. It cannot be defined as money – that which serves as a medium of exchange, a unit of account and a stock of value.

Despite the report, dated 2013, it is still relevant to the Chinese government’s position on bitcoins, and, as mentioned, there is no information on a ban on bitcoins and cryptocurrencies. Most likely, regulation and education about bitcoin and blockchains will play a role in the Chinese crypto market.

A similar message was published in January 2017, which again emphasizes that bitcoin is a virtual commodity, not a currency. In September 2017, the initial coin offer (ICO) boom led to the publication of a separate notice entitled “Financial Risk Warning Notice for Issued Tokens”. Soon ICOs were banned, and Chinese stock exchanges were investigated and eventually closed. (Looking back 20/20, they made the right decision to ban ICOs and stop pointless gambling). Another blow was dealt to China’s cryptocurrency communities in January 2018, when mining faced serious overclocking, citing excessive electricity consumption.

Although there is no official explanation for the repression against cryptocurrencies, control over capital, illegal activities and protection of citizens from financial risk are among the main reasons cited by experts. Indeed, Chinese regulators have introduced tighter controls, such as restrictions on foreign withdrawals and regulation of foreign direct investment, to limit capital outflows and secure domestic investment. The anonymity and ease of cross-border transactions have also made cryptocurrency a favorite means of money laundering and fraud.

Since 2011, China has played a crucial role in the meteorite rise and fall of bitcoin. At its peak, China accounted for more than 95% of global bitcoin trade and three-quarters of mining operations. With regulators overseeing trade and mining operations, China’s dominance has declined significantly in exchange for stability.

Countries like Korea and India are following suit and are now casting a shadow over the future of cryptocurrencies. (Here I will repeat my opinion: countries regulate cryptocurrency, not ban it). Undoubtedly, we will see that in the coming months new countries will join, which will restrain the turbulent crypto market. Indeed, some order is long overdue. Over the past year, cryptocurrencies have experienced unprecedented price volatility, and ICOs occur literally every other day. In 2017, total market capitalization rose from $ 18 billion in January to a record $ 828 billion.

However, the Chinese community is surprisingly well-disposed, despite the dispersal. Online and offline communities are thriving (I have personally attended many events and visited some firms), and blockchain startups are growing all over China.

Large firms operating on the blockchain, such as NEO, QTUM and VeChain, are attracting huge attention in the country. Startups such as Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining considerable strength. Even giants like Alibaba and Tencent are also exploring blockchain capabilities to enhance their platform. The list goes on and on, but you understand me; it will be HUGGEE!

The Chinese government has also adopted blockchain technology and in recent years has stepped up efforts to support the creation of a blockchain ecosystem.

In China’s 13th Five-Year Plan (2016-2020), he called for the development of advanced technologies, including blockchain and artificial intelligence. It also plans to step up research into the application of fintech in regulation, cloud computing and big data. Even the People’s Bank of China is also testing a prototype digital currency based on the blockchain; however, since it is likely to be a centralized digital currency that has been slapped by some encryption technology, its adoption by Chinese citizens will still have to wait.

The launch by the Ministry of Industry and Information Technology of the Trusted Blockchain Open Lab, as well as the China Technology and Industry Development Forum in China – are some other Chinese government initiatives to support the development of the blockchain in China.

A recent report titled “China Blockchain Development Report 2018” (English version at link) of the China Blockchain Research Center details the development of the blockchain industry in China in 2017, including various measures to regulate the cryptocurrency on the mainland. In a separate section, the report highlighted the optimistic prospects of the blockchain industry and the much attention it received from venture companies and the Chinese government in 2017.

In general, the Chinese government has demonstrated a positive attitude towards blockchain technology, despite the fact that it applies to cryptocurrencies and mining operations. China wants to control the cryptocurrency, and China will get control. Repeated coercive measures by regulators were to protect their citizens from the financial risk of cryptocurrencies and limit the outflow of capital. Today, Chinese citizens legally have cryptocurrencies, but they are not allowed to make any transactions; hence the ban on sharing. As the market stabilizes in the coming months (or years) we will undoubtedly see a revival of the Chinese crypto market. Blockchain and cryptocurrency go hand in hand (except for a private network where a token is not needed). Therefore, countries cannot ban cryptocurrency without banning amazing technology blockchain!

In one we can all agree: the blockchain is still in its infancy. We have a lot of exciting events ahead of us, and right now is probably the best time to lay the groundwork for a world involving a blockchain.

Last but not least HODL!

Coinbase: A Bitcoin startup is spreading to capture most of the market

The price of bitcoin skyrocketed in 2017. Coinbase, one of the largest cryptocurrency exchanges in the world, has found itself in the right place at the right time to benefit from the interest surge. Despite this, Coinbase is not interested in taking its cryptocurrencies for granted. To stay ahead of the much larger cryptocurrency market, the company is once again drawing money into its master plan. By 2017, the company’s revenue was recorded at $ 1 billion, and assets in excess of $ 150 billion had been sold to 20 million customers.

The San Francisco-based company Coinbase is known as the leading platform for cryptocurrency trading in the United States and, with continued success, ranked 10th on the CNBC Disruptor list in 2018, having not received a list in the previous two years.

On the road to success, Coinbase left no stone unturned in the poaching of key executives of the New York Stock Exchange, Twitter, Facebook and LinkedIn. This year, the number of full-time engineering team has almost doubled.

Earn.com was acquired by Coinbase in April this year for $ 100 million. This platform allows users to send and receive digital currency by replying to mass market emails and performing microtasks. The company currently plans to bring in former venture capitalist Andresen Horowitz, founder and CEO of Earns as the world’s first technology manager.

According to current estimates, Coinbase estimated itself at about $ 8 billion when it was going to buy Earn.Com. This value is much higher than the $ 1.6 billion estimate that was estimated at the last round of venture funding in the summer of 2017.

Coinbase declined to comment on its valuation, despite the fact that it has more than $ 225 million in funding from major venture companies including Union Square Ventures, Andreessen Horowitz, and the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. Nasdaq, a competitor to the NYSE, is also considering a similar move.

• The competition is on

As competing organizations seek to snack on Coinbase’s business, Coinbase is looking for other venture capital opportunities by trying to create a moat around the company.

Dan Dolev, an instant Nomura analyst, said Square, a company run by Twitter CEO Jack Dorsey, could be absorbed into the Coinbase stock market business as it began trading cryptocurrency in the Square Cash app in January.

According to Dolev’s estimates, Coinbase’s average trading fee in 2017 was about 1.8 percent. Such fees can lead users to other cheaper exchanges.

Coinbase aims to become a department store for institutional investors when hedging a stock business. To attract this class of investors in white gloves, the company has announced a fleet of new products. This class of investors was particularly wary of plunging into the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are products produced by the company.

Coinbase feels there are billions of dollars of institutional money that can be invested in digital currency. Already has $ 9 billion in customer assets under its care.

Institutional investors are concerned about security, even though Coinbase has never been hacked like some other global cryptocurrency exchanges. Coinbase’s president and chief operating officer said the impetus for launching Coinbase’s custody last November was the lack of a reliable custodian to protect their crypto-assets.

• Wall Street is currently moving from Bashing Bit to Cryptocurrency Backer

According to the latest data from Autonomous Next Wall Street, interest in cryptocurrency seems to be increasing. There are currently 287 crypto hedge funds, while in 2016 there were only 20 cryptocurrency hedge funds. Goldman Sachs has even opened a cryptocurrency trading point.

Coinbase also introduced Coinbase Ventures, which is an incubator fund for early-stage startups operating in the cryptocurrency and blockchain space. Coinbase Ventures has already amassed $ 15 billion for further investment. His first investment was announced in a startup called Compound, which allows you to borrow or borrow cryptocurrency while earning an interest rate.

In early 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup is BitPlay, which recently raised $ 40 million in venture money. Last year, BitPlay processed more than $ 1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future cryptocurrency will be able to get rid of the need for central banks. In the process, this will reduce costs and create a decentralized financial solution.

• Regulatory safety remains intensive

To restrict access to the four cryptocurrencies, Coinbase has caused a lot of criticism. But they need to tread carefully while U.S. regulators ponder how to safeguard certain uses of the technology.

For cryptocurrency exchanges such as Coinbase, the question is whether cryptocurrencies are securities that will be subject to the jurisdiction of the Securities and Exchange Commission. Coinbase is admittedly slowly adding new coins, as in March the SEC announced it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reports that Coinbase met with SEC officials to register itself as a licensed brokerage and e-trading platform. In this case, Coinbase will be easier to maintain more coins, as well as comply with security rules.

Is cryptocurrency the future of money?

What will the future of money look like? Imagine you walk into a restaurant and look at a digital menu board for your favorite combination food. Only instead of costing $ 8.99, it is listed as 009 BTC.

Can a crypt really be the future of money? The answer to this question depends on a general consensus on several key solutions, ranging from ease of use to security and rules.

Let’s look at both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important component is trust.

It is important that people trust the currency they use. What gives the dollar value? Is it gold? No, the dollar has not been supported by gold since the 1970s. Then what does it give the value of the dollar (or any other fiat currency)? The currency of some countries is considered more stable than others. Ultimately, people’s trust is that the issuing government of this money stands firmly behind them and essentially guarantees their “value”.

How does trust work with bitcoins, since it is decentralized, which means they are not the governing body that issues coins? Bitcoin is on a blockchain, which is basically an online ledger that allows the whole world to view every transaction. Each of these transactions is checked by miners (people working on computers on a “peer-to-peer” network) to prevent fraud as well as to ensure there is no double cost. In exchange for their blockchain integrity services, miners receive a fee for each transaction they verify. As countless miners try to make money, everyone checks to see if bugs are working on each other. This is proof of the workflow, so the blockchain never broke. In essence, this trust also gives value to bitcoin.

Next, consider a close friend of trust, security.

What about if my bank is robbed or on my credit card fraud? My bank deposits are covered by FDIC insurance. Chances are, my bank will also cancel any payments from my card that I never made. This does not mean that criminals will not be able to perform tricks that are at least frustrating and time consuming. More or less peace of mind comes from the fact that I know that most likely I will be healed from any wrongdoing against me.

In cryptography, there are many options when it comes to where to store money. Be sure to know if the transaction is insured for your protection. There are reputable exchanges such as Binance and Coinbase that have proven grievance correction experience for their clients. Just as worldwide less than reputable banks, the same is true in cryptography.

What if I throw a twenty-dollar bill into the fire? The same goes for cryptography. If I lose my credentials for a specific digital wallet or exchange, I will not be able to access these coins. Again, I can’t stress the importance of doing business with a reputable company.

The next issue is scaling. Currently, this may be the biggest hurdle preventing people from conducting more transactions on the blockchain. When it comes to transaction speed, fiat money moves much faster than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, a blockchain can only process about 10 per second. However, a new protocol is being implemented that will increase to 60,000 transactions per second. Known as the Lightning Network, this could lead to the crypto future becoming the future of money.

The conversation would not be complete without talking about convenience. What do people usually like about traditional banking methods and spending? For those who prefer cash, most of the time using them is obviously easy. If you are trying to book a hotel room or rent a car, you need a credit card. Personally, I use my credit card wherever I am, for convenience, security and reward.

Did you know that there are companies out there that provide all of this in cryptospace as well? Monaco now issues cards with the Visa logo that automatically convert your digital currency to local.

If you’ve ever tried to connect money to someone you know, the process can be very tedious and expensive. Blockchain transactions allow a user to send an encrypted message to anyone in just a few minutes, no matter where he lives. It is also much cheaper and safer than sending a bank transfer.

There are other modern methods of money transfer that exist in both worlds. Take, for example, apps like Zelle, Venmo and Messenger Pay. These programs have been used every day for millions of millennia. Did you also know that they are also starting to include cryptography?

The Square Cash app now includes bitcoin. CEO Jack Dorsey said: “Bitcoin for us doesn’t stop at buying and selling. We believe it’s a transformational technology for our industry and we want to learn as soon as possible.”

He added: “Bitcoin makes it possible for more people to access the financial system.”

While it is clear that financial costs still dominate the way most of us move money, the new cryptosystem is rapidly gaining ground. Evidence is everywhere. Until 2017, it was difficult to find coverage in the mainstream media. Now almost every major information studio covers bitcoin. From Forbes to Fidelity, they all weigh their opinions.

What is my opinion? Perhaps the biggest reason bitcoin can succeed is because it is fair, inclusive, and gives financial access to more people around the world. Banks and large institutions see this as a threat to their very existence. They are apparently losing the greatest transfer of wealth the world has ever seen.

Still undecided? Ask yourself, “Do people trust governments and banks more or less every day?”

The answer to this question may be what determines the future of money.