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Showing posts from February, 2019

Electroneum launched a smartphone!

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Out of hundreds ICOs of the past year, Electroneum is the one that doesn"t want to go away and it seems that it will win in the end. Unlike Exodus 1 or Finney, the Electroneum M1 smartphone costs almost 10 times less! M1 is the Google-certified Android smartphone that has a built-in cloud mining technology (ETN mining only). It also has the 4G module, 2 SIM card slots, 2 and 5-megapixel cameras. What else is required for the phone to be the tool for living? https://youtu.be/5jmUGwg0VKk Electroneum was aiming the mobile users from the very beginning and with their patent pending Instant Payment technology, the project will get it"s place under the sun one day. Instead of giving empty promises and coding things that are ... Read more about " Electroneum launched a smartphone! " on coinatory.com

Mayer Multiple: Trace Mayer"s indicator

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You probably heard of multiple indicators, but this one is interesting for a few reasons. First reason, it is created by Trace Mayer, the person who is the early BTC investor who "Bought At $.05". The second reason is that (Mayer Multiple) MM is a pretty simple, yet powerful indicator. The MM formula is defined as “the multiple of the current bitcoin price over the 200-day moving average.” As simple as that! But why is it interesting? When the market goes up, it"s bullish. When it goes up too fast, it"s a bubble. When he goes down - it"s bearish. When he goes down too fast - this is a bottom. The important number is 2.4 that"s based on historical data. When the MM is above 2.4, it means that bitcoin is in the speculative bubble. Whe ... Read more about " Mayer Multiple: Trace Mayer"s indicator " on coinatory.com

CoinIMP ITO promises to revolutionize web advertising

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Web advertising has been a stale market for so long, with Google and Facebook at the top since the mid 2000s, CoinIMP intends to throw a stone in the water. IMP tokens are a new way to pay for web advertising which is blockchain based, automated, faster, more flexible and easier to use. CoinIMP itself is a successful JavaScript mining service, that was against the practices of cryptojacking from day one. JavaScript mining offers great potential for both webmasters who need funding to survive and users who had enough of intrusive advertising and pop-up ads,but from day one, we realised that advertising couldn’t be purged from the web entirely, not because of the monetization concerns but because any new service and potential project n ... Read more about " CoinIMP ITO promises to revolutionize web advertising " on coinatory.com

Is Iran a Russian proving ground for testing national cryptocurrency idea?

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The whole situation about Iranian cryptocurrency is very exciting as it sets the new level of adoption of the cryptocurrency in general. This is not the first case when a country issues digital currency, but it seems that Venezuelan Petro failed and PayMan can become the first one to succeed. Donald Trump imposed sanctions on Iran and SWIFT removed all Iranian banks from its system, so the usual banking transactions became impossible. In the middle of 2018, when the situation was still in development, the first steps of switching to the trade in crypto had been already made - Iran negotiated such possibilities with Russia - yet another country under sanctions. By that time, Russia had already prepared MIR cards based on NSPK ... Read more about " Is Iran a Russian proving ground for testing national cryptocurrency idea? " on coinatory.com

Bitcoin can be legally used in over 100 countries

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According to the Coin Dance service, by now Bitcoin has 111 states that legalized to one degree or another. Resource analysts emphasize that Nigeria occupies a special place in the ranking, where bitcoin operations can be carried out, but such transactions do not comply with local legislation. According to the latest data, over the past 24 hours, the total volume of transactions using BTC paired with the Nigerian naira amounted to about 0.03% of the total volume of transactions with the largest digital currency. In Indonesia, bitcoin operations are not formally prohibited, but they are “limited”. In Vietnam, you can legitimately invest in Bitcoin and keep savings in such an asset, but it is prohibited to use the coin as a ... Read more about " Bitcoin can be legally used in over 100 countries " on coinatory.com

SWIFT: blockchain is not suitable for bank cross-border payments

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The SWIFT global cross-border payments system believes that the blockchain is not suitable for solving the problem of delay in cross-border bank payments. The main reasons are a violation of a number of regulatory requirements and the inability of the blockchain to ensure the confidentiality of such operations, which can lead to the reluctant adoption of this technology. Ripple vs. SWIFT Ripple and SWIFT have now become major competitors in cross-border payments. While SWIFT technology is considered slow, Ripple CEO Brad Garlinghouse is confident that his company"s blockchain technology can significantly speed up such payments. Nevertheless, SWIFT is now seeking to promote GPI - its own new global payment system. It is reported ... Read more about " SWIFT: blockchain is not suitable for bank cross-border payments " on coinatory.com

Argentina: payments for transport in Bitcoin started across the country

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In Argentina, a nationwide contactless card used to pay for public transport can now be refilled with bitcoins. SUBE smart card users can refill it with cryptocurrency in 37 cities in Argentina. This opportunity became available thanks to the cooperation of the operator Alto Viaje with the fintech-company Bitex. The head of Bitex, Manuel Bodrum, said: "We believe that this project is of great importance because it brings advanced technologies, such as Bitcoin, to the masses." According to the website of the government of Argentina, the SUBE card can be used throughout the country - in buses, trains, subways and even on public motor boats. Also, the authorities intend to connect to the platform a network of Rapipago, designed to ... Read more about " Argentina: payments for transport in Bitcoin started across the country " on coinatory.com

How can XRP grow by 2000% in 2019?

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In 2018, the "bears" pretty much crushed all cryptocurrencies, but could not undermine faith in them. In addition to Bitcoin, XRP has now become one of the coins most talked about, and today it is becoming increasingly common to hear predictions about its future price. Among the assumptions some are completely insane. One interesting theory was published on The Independent Republic website. It is based on the assumption that in 2019 XRP could grow by 2,000%, reaching $692.3 per coin, and that would mean a market capitalization of $27 trillion. Wow! This is despite the fact that the capitalization of all mined gold amounts to only $7.8 trillion? This theory suggests that such a surge is possible only if Ripple participates in all ... Read more about " How can XRP grow by 2000% in 2019? " on coinatory.com

South Korean regulator warned against central bank cryptocurrencies

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On February 7, the Reserve Bank of South Korea warned its counterparts from other countries about the risks that, according to the regulator, are related to digital currencies of central banks (CBDC). A new statement was made shortly after the financial institution announced that it did not intend to issue its own cryptocurrency. CBDC, which can also be understood as a state-supported or government-controlled digital currency, includes a transaction system on the blockchain. In fact, it is a digital analogue of the state fiat currency. However, many analysts criticize this model, believing that the blockchain is more like decentralized cryptocurrencies. Currently, several countries are considering whether the release of CBDC is ... Read more about " South Korean regulator warned against central bank cryptocurrencies " on coinatory.com

Central Bank of Iran introduced Payman cryptocurrency

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After a year of speculation and news about various improvements, Iran has finally introduced Payman digital currency. State-supported cryptocurrency will be used to circumvent sanctions from the United States. Currently, the country"s financial system is isolated from SWIFT, which makes import and export almost impossible. The launch of the state cryptocurrency was announced on January 29 during the annual conference on electronic banking and payment systems in Tehran. The theme of the conference this year was the “Blockchain revolution”. Iran quickly discovered the power of the blockchain and digital currencies, after losing contact with SWIFT and became subject to US sanctions, which led to this bold economic step. The dir ... Read more about " Central Bank of Iran introduced Payman cryptocurrency " on coinatory.com

Gram cryptocurrency valued at $29.5 billion

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According to the estimates of HASH Crypto Investment Bank, the value of the future Telegram cryptocurrency may reach $29.5 billion by the end of 2019. According to the report of HASH Crypto Investment Bank, the target cost of Gram cryptocurrency by the end of 2019 is estimated at $5.9 per one token. At this price, the capitalization of the entire cryptocurrency should be $29.5 billion. In addition, the cost of $5.9 Telegram indicated in one of the latest notes for investors, which was provided in January at the @TGram channel. It should be noted that the assessment of the Gram token of $5.9 is conditional. HASH CIB senior analyst Rustam Botashev clarified: “HASH CIB offers its own assessment methodology, emphasizing that the value o ... Read more about " Gram cryptocurrency valued at $29.5 billion " on coinatory.com

Warning! Phishing attack on users of Electrum and MEW wallets

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On February 4, users of the Electrum and MyEtherWallet cryptocurrency wallets faced phishing attacks. Phishing attack is a fraudulent and illegal attempt to obtain confidential data - personal or bank information of users; at the same time, the attacker impersonates himself as a trustee and sends the user a message with a malicious link. The link usually leads to a page where the user is asked to enter personal data, or clicking the link initiates the installation of malicious software on the user"s device. On February 4, MyEtherWallet developers tweeted warning about phishing emails, asking users to share personal information. The MEW developers’ message states: “Attention to the MEW community!Attackers send phishing emails tha ... Read more about " Warning! Phishing attack on users of Electrum and MEW wallets " on coinatory.com

Monero: something strange is going on

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CEO of Lunar Digital Assets, Han Yoon wrote an article, warning that Monero network possibly showing signs of an imminent attack. The main point is the strange increase in hashpower. Starting from January 1st, 2019 it"s constantly growing - from 322,7Mh/s up to 781 Mh/s (February 5th). It"s an enormous growth and, in fact, the hashpower was never that high since the April 5th, 2018 - the day when Cryptonight V8 algorithm was implemented during the Lithium Luna update. You can check the actual hashpower here. The whole situation doesn"t seem to be strange and dangerous now. But considering the fact that Monero is an ASIC-resistant coin, there"s less space for the explanation of such a strange behavior. Another fact - Monero ... Read more about " Monero: something strange is going on " on coinatory.com

The 30 years old founder of Quadriga exchange died. $137 million of clients" funds locked

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Quadriga has been online since 2013. For five years, this site has become one of the largest crypto exchanges of Canada; 360 thousand people were registered on it. At the same time, the only permanent employee of Quadriga was its founder, Gerald Cotton. He controlled the site from his own laptop - and paid much attention to security issues. January 15 on the Quadriga page on Facebook appeared a statement about the death of Cotton. It was signed by his widow and heiress Jennifer Robertson. According to her, her husband died suddenly in December 2018 during a trip to India. He went there to open an orphanage. The cause of the death of Cotton were complications of Crohn"s disease, which was diagnosed at the age of 24. At the time of ... Read more about " The 30 years old founder of Quadriga exchange died. $137 million of clients" funds locked " on coinatory.com

Binance started accepting credit card payments for cryptocurrencies

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Digital Currency Exchange Binance announced that from January 31, began to accept payments from credit cards. Binance also reports that this is the result of cooperation with the Israeli company Simplex, which specializes in processing such payments. Binance CEO Changpeng Zhao stated: We want to provide traders with quick and easy access to cryptocurrencies, maximally secure their purchase. The partnership with Simplex will help overcome some of the gap in payments for cryptocurrency with credit cards for our customers around the world. Now at Binance.com you can buy cryptocurrencies with credit cards and start trading in a matter of minutes. According to reports, the exchange is capable of processing more than 1.4 million ... Read more about " Binance started accepting credit card payments for cryptocurrencies " on coinatory.com

NEM coin dropped by more than 10% after reporting project problems

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Cryptocurrency NEM (XEM) on Thursday, January 31, fell in price by more than 10% after it was reported that this project ran into financial problems. Reports of problems and even pre-bankruptcy status of the company came after the NEM Foundation team published a press release and announced a change in the development strategy of the project. Now the most promising products will be the main focus of the company. In parallel, the NEM Foundation announced the closure of its regional offices and the freezing of projects launched jointly with its partners. https://twitter.com/NEMofficial/status/1090833098780995584 After the publication of this message in the crypto community, rumors began to spread that the NEM crypto project ... Read more about " NEM coin dropped by more than 10% after reporting project problems " on coinatory.com

Iran offers monetary transactions in cryptocurrency to eight countries

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Iran, whose economy suffers from international economic sanctions, is discussing the use of its state cryptocurrency in the transactions with eight countries. This is reported by the Tehran Times. Representatives of Iran, in particular, are negotiating with colleagues from Switzerland, South Africa, France, England, Russia, Austria, Germany and Bosnia. According to Mohammad-Reza Modoudi , head of the Iranian Trade Promotion Organization, meetings are held in the hope of attracting foreign investors to the country. At the same time, the question of how Iran will be able to carry out international trade under the pressure of international sanctions restricting access to banking is relevant. According to Modoudi, the key to solving ... Read more about " Iran offers monetary transactions in cryptocurrency to eight countries " on coinatory.com