View: 382
Want create site? Find Free WordPress Themes and plugins.

Bitcoin and Ethereum’s Gains

It only took a few hours for Bitcoin to shoot back up from $3,894 to $4,264.26 on Wednesday, which caused the total market capitalization of the entire cryptocurrency world to surge above $150 billion.

It’s opposite team mate, Ether, also rose on Wednesday, marking the highest it’s ever been since June. These two unknowingly, drove the market cap of the digital currencies insane.

In particular, at the moment Bitcoin’s market capitalization is around $69.8 billion, which makes it twice as large as Ethereum, its closest rival.

However, Bitcoin has been a tad bit volatile lately, suffering from a 10% drop after it had crossed $4000 earlier. These fluctuations were an after effect of the scaling issue that was recently undertaken by the network. This is intended to increase the transaction sizes in the blockchain network. This new protocol is known as Segregated Witness, which is said to solve the scaling matter.

Related: Bitcoin drops below $4000

 

On the other hand, Ether rose to $324.07, its highest since June 23. It’s known to have doubled since its last low hit in mid-July. Overall, its performance has been well in 2017, as it is up more than 4000%, which brings its market cap to around $30.1 billion.

These recent increases in Bitcoin and Ether have brought together the total market cap of all digital currencies above $150 billion.

 

News Credit: marketwatch.com

 

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Type Comments Here

Your email address will not be published.

19 − 13 =

Share Your Toughts

View: 456
View: 644

PayPal vs Bitcoin: Why has PayPal Filed a Patent?

Want create site? Find Free WordPress Themes and plugins.

On 5th March, it’s been reported that a patent has been filed by PayPal in order to speed up cryptocurrency transactions by eradicating the confirmation period of payments. However, it’s been claimed by many Bitcoin experts that this is already possible through the current technologies in the cryptocurrency industry.

Basically, the main purpose of PayPal patent is to improve the whole procedure of settling cryptocurrency payments between both buyers and traders on retail or e-commerce platforms. To avert each transaction from being broadcasted to the public Blockchain, users’ secondary wallets will let the unique private keys of both buyers and sellers to be transferred privately.

bitcoin patent

The PayPal patent read;

“In order to be sure that the Bitcoin transaction will ultimately result in a transfer of Bitcoins to the payee, the payee must wait until the mining process confirms the transaction before transferring goods and/or services to the payer. In many transaction situations, a 10-minute wait time will be too long for payers and/or payees, and those payers and/or payees will instead choose to perform the transaction using traditional payment methods rather than virtual currency. Issues like this have slowed the adoption of virtual currencies despite their advantages.”

What’s Peter Todd’s Response?

According to a Bitcoin developer, Peter Todd, PayPal is attempting to patent a technology that is already present in the cryptocurrency industry. In 2016, Opendime was created by a former Bitcoin marketplace “Coinkite”, and is a hardware Bitcoin wallet with multi-signature bank-grade security. It lets users transfer Bitcoin with inner private keys, allowing them to utilize Bitcoin like fiat money, such as the US dollar.   However, compared to Ledger and Trezor, Opendime structurally differs from other hardware wallets as it cannot be reused. Opendime is basically a USB stick as it can only be used once and has to be destroyed to use the funds that are stored inside, which allows it to be used as cash.

PayPal’s technology encourages its users to transfer the whole wallet or private key linked with a predefined amount of a cryptocurrency and the procedure of transferring bitcoin payments through Opendime, which is just like PayPal.

The patent explains:

“The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.”

Is It Really Possible for PayPal’s Technology to Improve Cryptocurrency Payments?

PayPal’s technology could let the cryptocurrency payments to be processed between both buyers and traders quickly by eradicating hefty transaction fees only if it’s executed at large commercial scale.

Yeogieottae, which is a major hotel booking platform in South Korea has recently partnered with the country’s largest cryptocurrency exchange, Bithumb, to allow cryptocurrency payments. Even in Japan, the biggest sellers have started to accept Bitcoin payments for a while.

However, on the other hand, a problem could occur while transferring private keys if the settlement occurs in a centralized manner. PayPal patent clearly explained that for carrying out the process of settling payment, it could depend on a payment service provider device as it could lead to a centralized system, managing the transfer of private keys.

Owen Williams revealed the findings of GDPR last week, which disclosed that PayPal shared complex financial information of its consumers with over 600 entities. The centralization of cryptocurrency payments and private keys could direct to susceptibilities and data selling if this technology by PayPal’s can exploit non-custodial wallets and allow both users and traders to endure in full control of their private keys during the whole process.

Did you find apk for android? You can find new Free Android Games and apps.
View: 451

Cryptocurrency Trends: Are Crypto Prizes another scam?

Want create site? Find Free WordPress Themes and plugins.

Nowadays, everyone is following the cryptocurrency trends, whether it’s the art world or the gaming world. Even some of the app developers have also jumped onto the trend of cryptocurrencies to attract people to their work.

Many gaming companies seem like they have found a technological link to the digital currency, which sets up as a prize for the market, globally. They can benefit from the publicity; however, they can also attract a huge audience with an attractive prize.

crypto prizes

Crypto Prizes in Digital Paintings

Artist Marguerite DeCourcelle hid Bitcoin prizes in digital paintings on literally three occasions for the public to discover them. When the key to the Bitcoin wallet was initially placed into the digital painting by DeCourcelle and her team, the wallet had almost 4.87 Bitcoins, which had the worth about $1,400 at that time.

Gaming Companies Hiding Cryptocurrency

Well, gaming companies are also doing their best to hide cryptocurrency in their games especially for those who get to the end first. Let’s take an example of Montecrypto: The Bitcoin Enigma! This game features a digital world player, solving 24 ‘enigmas’ to claim the last prize of 1 Bitcoin. The developers of this game are anonymous and they wish to remain the same ’til the prize is claimed. Another game is Neon District that is going to be launched soon and just like other crypto prizes games, it will have a crypto prize at the end.

Prizes are very commons especially when it comes to games. But, the attraction of Bitcoin has started to spread to the likes of paintings. So, what’s the appeal of joining a “Bitcoin-based prize” game in which someone can beat you quite easily? Well, the main reason behind it is that Bitcoin media comes with lots of hype and publicity.

Another Scam?

According to DeCourcelle,

DeCourcelle and her team have built up a respectable name in regards to this small, yet growing, aspect of cryptocurrency. But, at the same time, she admits that no matter whether a person or a company offers Bitcoin prizes, or ICOs (Initial Coin Offerings), reputation and trust is supreme.

She stated:

“We’re working on trustless systems that still rely heavily on trusting people based on social merit or reputation-based systems. Most ‘giveaways’ these days do not turn heads. In the old days, you could tweet – “1 Bitcoin for one lucky follower” and include a fancy gif. This doesn’t work anymore.”

Did you find apk for android? You can find new Free Android Games and apps.
View: 459

Easiest and Legal Way for Bitcoin Exchange

Want create site? Find Free WordPress Themes and plugins.

India coin was established in 2014 and did the service of exchange since. Majority looking to buy bitcoin in an easy and simple way. And they also don’t like the lengthy process of transactions for the exchange. India coin provides complete satisfaction to its users, fulfill the need exactly.

If you want to buy bitcoin, you need to fulfill the payment form and within 4 days you’ll receive a call with pin code to complete your transaction.

The system receives debit or credit card or pays only, so make sure that they are 3d secure.

Easiest and legal way for your exchange

 

This process of transaction seems much easier than the other but two things you have to know about;

Buying limits

There is strictly buying limits of bitcoin. The first transaction limited to $100 and after 4 days of confirmation it grows from $100 to $200 and then after a week means after 7 days this limit is $500.

Exchange rate

Fees are extremely high for example Bitcoin exchange rate on Bitstamp was $1001.52 and $1507.31 no India coin. Means you are paying 50% more for this process

Its seems that legal bitcoin exchange rate is too high. By using the prepaid debit card for bitcoin, you can have achieved anonymity and temporary skype number in order to complete your buying process.

Once your account will be approved, no need of further verifications until you are going to use the same email. More than 100 countries buy bitcoin through India coin.

India coin states that process of purchasing take 15 min but it takes some extra time .so, doesn’t lose your hope.

Tags: Easiest bitcoin exchange

Did you find apk for android? You can find new Free Android Games and apps.
View: 455