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spotty

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spotty last won the day on June 25 2018

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  1. World’s internet and messaging monopolies, Facebook and Telegram are currently set to compete in a crypto token race. Telegram has already gone ahead, with its successful multi-million dollar ICO, however Facebook will soon follow suit, with great chances of rolling out its own crypto this 2019. It’s obvious that Facebook has no plans to partner with an existing crypto project. By acquiring the London-based Chainspace team earlier this month, it has already expanded its own blockchain. New York times also revealed that Facebook is already working on creating a crypto coin for WhatsApp users, to enable them send as well as receive payments to each other. The report also included that, Facebook concerning the listing of its new coin has approached some crypto exchanges. This concept alone raises some questions considering it’s track record. Facebook cannot be trusted with Information, talk more of people’s money. For the past two years, Facebook has faced some privacy issues and has been accused on many occasions of disseminating fake news, manipulating data, security breaches, censorship and farming and profiting from its own digital coin. Asides Facebook, telegram also has crypto aspirations. It’s second round of funding in 2018, it raised an additional $850 million, and it has been rumoured that by October 2019. The Telegram Open Network (TON) will be launched. Signal (a messaging company) is also said to be working on its own crypto coin just like Kakao and line (the biggest messaging apps in South Korea and Japan). Facebook seems to have the upper hand due to its large user base. It’s new crypto can be exposed to more than 1.5 billion active users daily. Eric Meltzer, co-founder of primitive ventures (a crypto focused venture capital firm), said that the battle is heating up: “It’s pretty much the most fascinating thing happening in crypto right now. They each have their own advantage in this battle, and it will be insane to watch it go down.” It seems Facebook will make use of a permissioned private blockchain to control its new crypto, which will make it fully centralized and owned by the company. The new crypto might also be a stablecoin, probably pegged to the dollar.
  2. You will have to spend more than the crypto is worth. JP Morgan chase analysis revealed that, on average, you will have to cough out $4060 to produce just one bitcoin. To process transactions, Bitcoin requires volunteers. Once in every ten minutes, their computers speed up to solve a mathematical puzzle. After getting the solution, a group of transactions will be processed and the first to reach there gets some bitcoin as a reward. It is usually very costly, buying and running these computers. As the number of people involved increase, the puzzle becomes more difficult to solve, needing more computer power. From estimates, the bitcoin network utilizes almost the same amount of energy consumed by Ireland. In recent months, the price of Bitcoin has dropped down from its all time high of almost $20,000 attained in 2017. This result shows that, it is no more profitable processing transactions. However, this will lead to people dropping out of the race, which will make it more easy and economically viable once again.
  3. Lately, Ethereum has been going through several upgrades to re-launch as Ethereum 2.0 with features such as Constantinople and serenity upgrades. The Ethereum developers have been toiling for months in order to reach the project’s final development milestone. As notified by GitHub, the Ethereum developers community have revealed their progress so far in the first release (Phase 0 pre-release), which is getting close to stability and that more updates will be announced this February. Ethereum 2.0 will make Ethereum faster, more scalable and efficient. The scaling will have properties such as eWasm, Proof of Stake, and Sharding. This Constantinople update should have been released before now, however the journey to its success hasn’t been a smooth one. Last year October, there was a failed testnet launch which led to a small commotion in the community due to a conflict of interest between investors and miners; however, the Ethereum developers are putting in great efforts to make sure the upgrade is successful. Also, while auditing the smart contract code in January, there was a vulnerability which led to the delay in its initial release so that the necessary changes can be made. The last upgrade for the Ethereum dApp platform is serenity, which is very important for it to mark the hallmark of its development as it switches from the proof of work to proof of stake consensus. Hopefully, with this new outlook, Ethereum will see new gains in price.
  4. As cryptoassets and their underlying techs gain wide recognition, there should be an increase in the need to comprehend the legal structures that affects them. Regardless of the area of specialization, a good law firm stays relevant, so why will crypto or blockchain projects be different? It is very difficult finding a good law firm possessing the necessary experience in the blockchain industry. The following law firms are highly skilled at offering the required knowledge concerning VAT, tax, P2P lending, as well as other regulatory compliances worldwide. They also function in getting a license for major crypto exchanges as well as help you launch your own ICO. Frost Brown Todd LLC This crypto firm has a team just for crypto and blockchain clients. The firm offers major services such as litigation support, assistance in business transactions and counseling on statutory and regulatory compliance. Rimon Law This law firm is based in the U.S and Israel. It specializes in tax law, financial services, corporate law, private client services litigation and issues pertaining to cryptocurrency and the blockchain technology. Its main services rendered are intellectual property, bank chartering, financial regulation, digital and mobile payment system, and solving legal issues related to cryptocurrencies. Dentons This is the largest law firm in the world. It offers world-class legal services made possible by its talented team of advisors. Some of its major services are taxation analysis, KYC and AML procedures, ICO and token generation events, securities, broker-deal and exchange regulation, privacy and data security and commodities and criminal enforcement. Blockchain Law Group This law firm was founded in 2018 and offers services specifically for the blockchain field. Their team is composed of specialized attorneys who are very capable of assisting individual investors, newly created startups, institutions and established enterprises. It focuses on crypto related matters, which includes issuing security tokens and products. Perkins Coie This law firm is one of the first to associate with the crypto world, encouraging clients on legal topics such as Bitcoin’s usability, and the legality of asset tokenization. Perkins Coie focuses majorly on AML and cybersecurity programs, business operations, money transmitting licensing, corporate formation, securities and commodities, money services business compliance, decentralized ledger technology as well as privacy and data security. Royse Law This law firm has a branch in San Francisco, Orange County, Silicon Valley, Santa Monica, and in Beijing. It focuses mainly on assisting ICOs in its planning, structuring and implementation. The firm has skilled advisers that offer general advice concerning corporate matters and tax business, tax planning, KYC/AML, whitepaper review & analysis and foreign counsel. Njord law firm This operates at the international level. In the Nordic and Baltic Sea regions, it is one of the prominent firms of this type. It offers a wide range of legal services, with offices in Latvia, Germany, Denmark, Lithuania and Estonia. Njord law firm focuses on legal issues relating to cryptocurrencies and blockchain, as well as in banking and finance law services. Some of its services are crowdfunding and investing, capital market regulations, P2P debt, financial services regulation, equity financing, intellectual property protection etc. Crypto Lawyers Corporation Crypto Lawyers Corporation was established in 2017 and based in California. Its specialty is majorly on the blockchain tech, cryptos and ICOs. The company reduces the legal risk on all matters related to cryptos for their customers. Some of its main services are corporate structure, regulatory counseling, jurisdiction and registration, legal strategy for ICOs, documentation of token sale, legal audit of ICO projects and regulation D filings. Bryan Cave Leighton Paisner This law firm has vast knowledge concerning all regulatory aspects of virtual currencies. It also focuses on the relationship between digital currencies and the SEC as well as with other regulatory bodies in the United States. It specializes in state and federal licensing, offering regulatory advice for product and system design, and the strategic relationship with regulated financial institutions. MME MME is one of the well-known crypto firms and it has a great team with highly qualified advisors. It is based in Switzerland and known for raising Tezos, as well as Ethereum and Bancor. The partners of MME help clients in all legal matters and also specialize in tax, law and compliance. Ogier Law This is an award winning law firm that offers legal services to various jurisdictions globally. It has branches in Europe, U.S and Japan, where it offers law services in fields like dispute resolution, banking and finance, corporate and commercial and investment funds. Although the firm focuses on companies utilizing offshore structure, its services meet clients’ need executing investment strategies as well as other opportunities linked with the blockchain tech, cryptos and digital assets.
  5. Ledger recently announced an improved Ledger Nano S, called Ledger Nano X. The improved version will include the bluetooth function, a larger storage space as well as a larger screen compared to that of the former. Five enhancements will be seen in the improved version: Its OLED screen is a bit larger than that of the Ledger Nano S To navigate easily, buttons are now located in the device's front face. Its built-in battery is rechargable. This makes it possible for the Ledger Nano X to function even if it is not connected to a USB charger or computer. Bluetooth support: Just like the Ledger Nano S, it is still a USB stick but with an added feature – bluetooth support. It also has a new mobile version of its wallet management app Ledger Live which works for both Android and iOS devices. With this feature, you can send or receive crypto anywhere you are, even without having access to a computer. You have enough storage space for apps. It can take about 100 apps compared to the 18 of the Ledger Nano S. Éric Larchevêque (CEO of Ledger) calming the minds of those who feel hackers can gain easy access through the bluetooth feature said on Reddit that: Ledger;s blog post revealed that, from 7th January, potential users of the Ledger Nano X can pre-order from its website and should expect their device shipped to them in March. It costs $119 in the U.S. with free shipping, while in the U.K. it costs £109 and shipping is also free. In addition, the Ledger Live Mobile app will be available for download on Google Play Store and iOS App store on 28th January. Éric Larchevêque said:
  6. When whole infrastructure is ready. You cannot rush into adoption with new tech.
  7. spotty

    Crypto Exchanges rankings

    I wonder how does Bitfinex have bigger avg. volume than ie. Binance 🤔
  8. Blockstream in short is a tech company working on sending bitcoin nodes to space. They announced on Monday, December 17th 2018 the addition of a fifth satellite to its constellation which broadcasts the Bitcoin network. This newly added satellite will be covering the Asia-pacific region; this means that, asides Antarctica and Greenland, all the major landmasses in the world will be able to access Bitcoin through satellites. In addition, Blockstream has widened its capabilities to offer a complete version of the Bitcoin blockchain and becoming a global anonymous messaging network. Initially, just the most recent Bitcoin blocks were provided by Blockstream satellites, but now, the complete Bitcoin blockchain will be provided. This will make it possible for users all over the world, even those located in remote areas to run full nodes of Bitcoin. With this, it will be possible to mine Bitcoin in areas that are distant from the internet but abundantly blessed in renewable energy like solar, hydroelectric, or geothermal. Maybe Principally, Blockstream guarantees that Bitcoin can be used without making use of the internet, thereby leading to a more decentralized Bitcoin. This has also led to the expansion of the Bitcoin network’s global coverage, since it is now possible for almost all locations in the world to receive as well as send Bitcoin transactions. This can be very useful when disasters come in i.e. local internet grid suddenly stops functioning. In January 2019, the launch of a messaging network integrated with onion-routing, just like Tor, will take place. With this, users will not require the use of the internet to send fully encrypted messages all over the world. Payment for transactions will be made through the Lightning Network of Bitcoin, with calculation of fees done per Kilobyte of data. Bitcoin has been made to be independent of the internet due to the constellation of the Blockstream satellite. It has also spread the network coverage of Bitcoin all over the world, giving it an edge over other cryptos.
  9. spotty

    NEO's distributed file storage NeoFS

    In November NEO in partnership with NSPCC announced that they are in the process of creating a distributed file storage system (NeoFS), that would function as the cornerstone of the NEO platform. With this new system, users will be allowed to take back the control of their data and will be user friendly just like Amazon S3 and Dropbox. More Information on NeoFS Distributed storage is regarded as a vital element of web services as well as online software, and it is very important in attracting open-source and enterprise-level developers to build on the NEO platform. The move is specially for those having privacy concerns. As said in NeoFS's promotional video: "Often enough the server [that stores your data] is owned by a big company, and that company becomes an owner of your files…. They can take a peek at what you share to sell you something or to tell you something. So, why not take back control with NeoFS." The system has been designed to compete with Dropbox and Amazon, describing it as "…easy to use as Dropbox, or if you're a developer, Amazon S3.”" After its launch, the storage will be available for purchase, making use of GAS (CGAS NEP-5), which is a resource generated from NEO tokens over time. Meanwhile, users of data will not be required to pay to access the data stored on NeoFS. There’s a possibility of including their payment options, including Fiat. Brief description of NSPCC NSPCC is a research and development company that is majorly focused on supporting the NEO core ecosystem. City of Zion (an independent group of developers), largely drives the NSPCC. Some influential personalities behind the NSPCC includes Fabian Wahle (co-founder of the Neon exchange) and some engineers from RACIB – Russian Association of Cryptoindustry and blockchain. The developers of the platform started work on the Q4 2018. Between January to March 2019, the development of the platform's core was done, while the development of its major features will take place between April to June 2019. The NEO Platform will experience significant progress if it finally implements its distributed data storage solution. In addition, Dropbox and Amazon have the NEO team to worry about, due to the team’s expertise and execution.
  10. Binance’s Chief Financial Officer, Wei Zhou feels that two major factors will in the long term cause mainstream crypto adoption. In an interview with CryptoSlate, Zhou said: The crypto market’s value in the last 11 months has dropped from $800 billion to $120 billion (over 80% decline). Also, Changpeng Zhao (CEO of Binance) on CNBC Crypto Trader, revealed that about 80-90% decline in volume has been experienced by Binance and other crypto exchanges. However, since the beginning of 2017 and even years before that, the crypto market volume has risen substantially. Despite the decline in the market’s overall trading activity as well as its volume throughout 2018, the crypto exchange market has made great progress and improvements through the help of Binance. Binance has made great progress in operating a fiat-to-crypto exchange in Singapore, after it got an approval from local financial authorities. Back then, Binance's co-founder and Chief Marketing Officer, Yi He in an interview revealed that the company is very confident about the market trend: Wei Zhou (CFO of Binance) stressed that the company will keep working to drive mainstream cryptocurrency adoption as well as increase cryptocurrency usage. He said that the company was established for more than a year now and that over 10 million users in 180 countries are already making use of the exchange. Zhou said that the company has seen the need to drive crypto adoption so as to increase digital assets usage: CZ previously said that, in the long-term Binance hopes to have over one billion users by 2030 to 2040. Zhou has targeted the African Market, noting the continent’s wide adoption of the mobile phone tech, stating that in the future, the target of 1 billion users is possible.
  11. Recent days we witnessed a lot of selling volume on major coins. For example: BTC and ETH
  12. The first mention of Artificial Intelligence (also known as AI) was in 1948 when a mathematician from the US, Norbert Wiener, published a book that focused on the potential technological advancement of the AI. The sole idea that there can be a type of intelligence that originates in machines rather than humans was really interesting to many people back then and it managed to become a worldwide cult in the coming years. This naturally resulted in many scientists and engineers trying to make one such phenomenon come to life. There were thousands of different theories put into practice and none seemed to have worked until recently when the significant progress has been made since. Although the technology is a far cry from being as developed as the human intelligence, it is certainly going that way, and one of the main factors that can contribute to it is the blockchain technology. Why? Well, the way AI operates nowadays is that it incorporates something called "deep learning". It is a method where the intelligence of a computer is trained by giving them huge arrays of data to analyze and create patterns itself. This way, it “learns” to become more powerful and even more human. However, the problem is that most of the data that is generated on the web nowadays is the property of big corporations such as Google, Facebook, or Microsoft. This means that in the future the AI may easily end up in the hands of the big corporation, thereby leaning towards becoming a dystopian sci-fi movie we used to watch as children. Luckily, a company called AI Crypto entered the field of the AI and blockchain technologies, with the intention to combine the two and get the best out of Artificial Intelligence. The team behind this project believes that AI on blockchain will help people by empowering them both physically and mentally and by paving the way for faster, more efficient goal achievement. In essence, this company will be a global AI industry hub which will allow all the participants to choose whether they want to share their data or not, thus preventing anyone’s monopoly over AI. There will be three basic modules on which the ecosystem of AI Crypto would work: General Processor Unit (GPU) - the basis for the whole project that will keep the network of AI Crypto in motion, DATA - a blockchain backed-up platform that will create and distribute data related to AI, MODEL - a machine-learning module that will keep everything flowing smoothly and cost-effective. A pre-sale for this ICO was launched on May 9, while the main ICO began on May 30. Their token is named AIC and there is a total of 10 billion tokens, half of which is for sale in ICO. Currently, the hard cap for the project is 50,000 ETH and the tokens that are not sold will be burned.
  13. South Africans who are very much interested in Crypto trading and investments are set to have their first Bitcoin Automated Teller Machine (ATM), following the steps of other African countries such as Djibouti and Zimbabwe. Throughout the African continent, South Africa is the most experienced when it comes to the financial services sector. For some time now, South Africa has also taken the lead in cryptocurrency taxation, which has set a dividing line between the country and Zimbabwe, which has prohibited crypto transactions in banks. Back in 2004, the first Bitcoin ATM in South Africa was in Kyalami in Johannesburg, but it was reported that no one was really interested in using it, and as a result, it was closed. However, George Neophytou (General Manager of Northwood Spar) is very much convinced that it’s the right time. He said: “It is awfully exciting. It will take away much the frustration of buying and selling cryptocurrency, and hopefully help make cryptocurrencies mainstream” According to reports, as at the close of 2017, about 200,000 to 300,000 South African citizens have made use of cryptocurrencies, and a report this week from CCN said that an estimated 47% of South Africans have intentions- to go into crypto mining as well as investing in cryptocurrencies. Leading this new development, the ATM will take away “much of the frustration of buying and selling cryptocurrency , and hopefully help make cryptocurrencies” breakthrough into the mainstream as a payment option, investment or trade. A website that shows ATMs across the globe, has mentioned Zimbabwe and Djibouti as the two other African nations possessing a Bitcoin ATM. The site also says that globally, about 3042 Bitcoin ATMs are present in about 68 countries, which indicates about 424 operators running them.
  14. spotty

    HODL or SODL

    Price in percentage from their ATH: nano -94.25% ada -90.49% icx -88.11% xrp -87.91% trx -86.94% neo -84.68% bch -83.72% iota -83.01% xlm -80.10% ltc -79.14% omg -74.43% xmr -73.94% btc -69.55% eth -69.36% eos -66.28%
  15. spotty

    Zeepin - content creator's platform

    Zeepin is the first customizable platform in the world. It focuses on the protection and decentralization of creative works. It will enable writers, designers and artists to safeguard their work. It promises to provide users the resources to find talent to recruit, find venues to play at and form joint ventures. CEO and founder of Zeepin is Zhu Fei, a 15 year veteran of the creative industry. He’s got assistance from co-founders: Gloria Gu and KarlXu, who also have decades of experience in marketing fields and IT respectively. Their vision: Zeepin will allow the integration of third party financial institutions, to permit the direct distribution of royalties at a low price to the creator. Zeepin's official website: https://www.zeepin.io/ The recent processes to safeguard your creative work are complex. Most times, it is not easy to find the person responsible for copywriting a piece of art, and almost impossible to know if the piece is original and has not been changed in any means. Besides, once something has a copyright, it is in the hands of a centralized power which exposes the work to other susceptibilities. With the use of Zeepin, users can store their work on the blockchain and get “Copyright Pros” from which an “Authorization Pros” can be issued by the users; this will allow users distribute their work in an easy and predetermined manner. It also eliminates worries about user’s work being tampered with and used in a way that is not approved by the creator.
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