Crypto news you should know today 06/05/2018
Happy birthday to me today! UPUP cryptos!
Technical analysis:
XMR ZIL EOS are going into up channel.
SEVERN STAR exchange is going to crowsale at 06/10/2018
Ripple Launches University Blockchain Research Initiative
Ripple recently announced about an initiative which is called University Blockchain Research Initiative (UBRI). The project aims at launching collaboration with top universities around the world for development of blockchain technology.
Holo Announces New Strategic Partnership With Promether
We’re Waiting for ICO Bubble to Pop: Head of Binance’s $1 Billion VC Fund
The head of Binance’s recently-launched $1 billion venture fund says that the company believes the initial coin offering (ICO) market is in a bubble and is hoping that it will pop soon for the health of the wider blockchain industry.
Ella Zhang, whose official title is Head of Binance Labs, told Bloomberg that while the bull market — at least as far as ICOs are concerned — helps attract more interest, it also results in unreasonable valuations.
“We’d like the bubble to break,” said Zhang, who formally joined Binance in May. “We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”
Monero [XMR] release ‘Lithium Luna’, it provides full LedgerHQ support!
Monero had added some new features to its digital money wallet. Monero impelled its cryptocurrency wallet a month back which offered various fascinating highlights. The progressions were seen and admired by XMR clients. According to reports, Monero overhauled its wallet once more.
The real features of this discharge are:
Changed PoW to piece DoS assaults from ASICs
- Added input requesting to avoid wallet deduction
- Includes Multisig support
- Includes help for SunOS/Solaris
- Help for Ledger Nano S Hardware wallet
How Bittrex Does Crypto-to-Fiat Trades When Other Cryptocurrency Exchanges Can’t
According to Bill Shihara, the CEO at Bittrex, which remains as one of the very few cryptocurrency exchanges apart from South Korea’s Bithumb and UPbit that users can utilize to purchase tokens with fiat currency, stated that every single digital asset listed on Bittrex goes through a rigorous review process.
“For us, it is primarily about innovation. That’s what we are excited about. We have a very rigorous review process to go ahead and find the most innovative blockchain projects out there in the world. And a part of that process is not just making sure that the technology and the business models are innovative, we also look at the founders and principles behind the project,” Shihara said.
Shihara added that Bittrex works closely with every project listed on the platform and their lawyers alongside third party or independent law firms to prevent any potential regulatory conflict in the future between investors and local financial authorities. He added:
“We also put them through a compliance review. We work with their US-based lawyers as well as independent lawyers who double check to ensure that it is something we feel comfortable trading in the United States.”
Coinbase is Taking a Different Approach
Coinbase, another juggernaut exchange and cryptocurrency brokerage in the US, has taken a different approach in supporting tokens. Since its debut, Coinbase has been recognized as the largest cryptocurrency platform in the world, serving more than 20 million users and storing more than $20 billion in customer funds.
Despite its close connections to regulators, Coinbase has taken a different approach from Bittrex. Instead of collaborating with blockchain projects and their US-based lawyers to research the legality of their tokens, Coinbase acquired decentralized cryptocurrency exchange Paradex to support token to token trading.
Indonesia Exchange Indodax Partners Up with TRON (TRX)
Japan’s SBI Launches New Bank-Backed Exchange Favoring Ripple (XRP)
Is Zilliqa (ZIL) One of the Best Buys of Q2?
Zilliqa was created as an open source blockchain whose aim is to achieve high scalability levels and remain decentralized. The project challenges Ethereum and Bitcoin in terms of speed of transactions and fee. Its cutting-edge technology makes it better than some altcoins out there in the crypto space. Each and every aspect of Zilliqa was carefully made to work better than the crypto giants. Many crypto traders have joined Zilliqa in its journey of becoming the Gem of the market by holding onto it since the time it was created. Zilliqa is best known for introducing mining through sharding and also for its currently under development new programming language named Scilla. Sharding means dividing a particular mining network into smaller shards.
Reasons for Investing in Zilliqa
Zilliqa is set to revolutionize the smart contract aspect of blockchain technology through its sharding technology and its upcoming releases. Its platform is designed in such a way to scale in transaction rates as the number of shards rises. Smaller mining units which are created through sharding can process the transaction by themselves and hence solve the problem of network congestion which is frequently experienced by developers in case of Ethereum platform. The upcoming Scilla, the programming language has created much hype within the community because it’s said to be extremely developer friendly and allows the testing of smart contracts before its launch. All of this gives Zilliqa markets the traction it needs making it a profitable investment.
Risks Associated with Zilliqa
Everyone expects to make a profit while enjoying the benefits of a certain blockchain project but it’s more than just necessary to keep a watchful eye on the risks associated with each investment. Zilliqa also has its own risks such as foreshadowing regulations which threats Zilliqa’s growth or even make it inexistent. Also, being a young project, there is always a chance of some other improved platform to be better than it and coming up with a newer, better technology all because the competition between cryptocurrencies is fiercer than what it looks like. Zilliqa’s sharding technology also gives rise to some shortcomings, for example, it requires a lot of disk space. Although Zilliqa team has hinted a collaboration with bluezelle to address these problems in the future.
Bitcoin Cash [BCH] adoption grows with its popularity
phillipsjk, a Reddit user, said:
“It was pointed out in previous thread that intercepting text messages is not as hard as it should be. Hopefully the system is designed to limit the damage in that case. Skimming the article, it looks like a custodial wallet (which would be vulnerable to SMS hijacking). I also fail to see how it can work if “they don’t store keys. Edit: they don’t even have a website? “
I Want Bitcoin to Be the World’s Single Currency: Apple Co-Founder Steve Wozniak
Apple co-founder Steve Wozniak isn’t convinced that bitcoin will supplant national currencies to become a de facto global currency, but he says that he hopes this will one day be the case.
Speaking on the sidelines of Money20/20 Europe, Wozniak told CNBC that he is attracted to the “purity” of the idea that people around the world could one day share a single currency, despite being separated by national borders.
He said:
“I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking.”
As CCN reported, Dorsey, who is CEO of both social media giant Twitter and digital payment processor Square, said recently that he believes bitcoin will be the world’s only currency — perhaps within a single decade.
The “Woz” has long been a fan of bitcoin, a fact that has not changed since he decided to sell off most of his holdings after finding that he spent too much time watching price movements.
Hearkening back to comments that he has made in the past, Wozniak said that bitcoin is “pure digital gold” and — unlike many cryptocurrencies — “totally decentralized” since it is not run by a company and does not have a business model.