It seems that the next trend for cryptocurrency may be POS, which essentially is securing the network and being rewarded coins just by having your wallet open with coins in it that are of eligible age, which varies from coin to coin. High POS is always interesting experiments, especially on how they mange inflation. The highest POS rate was 750%, but has been trumped by Snowballs. I was able to talk with the developer, “iGotSpots”
It is not unknown to see scams in the crypto world. However, it was definitely surprising to see a company such as Moolah to end up as a complete and utter scam due to its owner Ryan Kennedy’s lack of respect to both his employees and customers. If it weren’t bad enough, Moolah declared bankruptcy, and funds from Mintpal, acquired by Moolah earlier this year were stolen by Ryan Kennedy. Yet, if it can be
Despite digital currencies being often perceived as anonymous payment networks, much of them are in fact, probably the most transparent payment networks in the world. Many of the crypto currencies have a public blockchain that makes them totally transparent.
LoanCoin is set to be polymorphic digital token. It will serve as an in-network currency that will be used to pay transaction fees to loan officers and as a surety bond to ensure loan officer honesty. From the coinholders perspective, it will be an asset-backed, income-producing store of value similar to a high yielding savings account.
The Mastercoin Foundation has announced early this week that it will be supporting a great music and charity event: HOPE GOLD COIN and The Festival of Hope and the Master Protocol.
Privacy has been one of the most desired features in digital currencies that bitcoin hasn’t been able to offer. Evan Duffield is a software developer that has been on a quest to create a crypto currency that he hopes will soon be the perfect internet cash: untraceable and instantaneous. Early this year he created Darkcoin – believed to be the first true anonymous, secure and untraceable crypto currency. Unlike Bitcoin and Bitcoin-based alt-coins which have transparent electronic transactions, Darkcoin can be equated with online cash due to its private/anonymous transactions that resemble the anonymity of private cash transactions.
Exclusive Interview with Gem’s Julian Vergel de Dios from Inside Money 2020. By Alberto Mata Las Vegas, Nevada – On November 2 at Money 2020 Julian Vergel de Dios, Senior Developer at Gem, a simple and secure Bitcoin platform for developers was busy building an app that enables bitcoin transactions from within messaging applications. Along with Dan Treiman, CTO of Weave, Vergel de Dios submitted the application to the Money 2020 hackathon for a chance
MerchantCoin to capture 5% of Visa-accepting merchants. By Alberto Mata According to their whitepaper published earlier this month, MerchantCoin estimates that it’s efforts will garner 5% of Visa accepting merchants to also accept bitcoin. “Merchant coin envisions a world where “Bitcoin is routinely accepted in payment for goods and services; Bitcoin lending, borrowing and investing is routine; Bitcoin’s standing and liquidity is equal to any other currency; Bitcoin is a household word. The XMC token
MerchantCoin Vision by Example Earlier this month MerchantCoin published their whitepaper. The following scenario is included in the paper and illustrates the MerchantCoin vision for a consumer and seller in the commercial sector who use the MerchantCoin ecosystem. “A Consumer is browsing the internet, seeking to buy a new sports watch. Finding a great deal and placing it in the shopping cart, he discovers that the Merchant accepts PayPal, Visa, Amex, XMC and BTC. Opening
Reveal Coin is a revolutionary new crypto asset working on top of the Bitcoin protocol supported by a social network application. It will be the most exciting way to share with friends and followers. Every Reveal is a fun surprise a full screen image or video hiding behind a creative cover.
Two weeks ago, Alex Green from Moolah.io announced that the cryptocurrency exchange Moolah.io would be shutting down. Due to this, Dogecoin suffered from a 20% price drop, from 71 satoshis to 59. Last week, Twitch.tv shared on their Twitter that they would begin accepting Dogecoin. This drove the Dogecoin price up from 59 satoshis to 70, a 19% increase. Over the past week, however, the Dogecoin price has remained at a steady 70 satoshis. Normal Routines
KROIN, is the result of a new and innovative credit based economic and financial system. Kroin aims to be an alternative and democratic economic system to the traditional financial system. It's a system that creates and distributes a digital financial asset generated directly by users. Kroin developers designed it to be an open, verifiable, transparent and user friendly platform using the blockchain technology.
The Bitcoin arbitrage service Bitcoin Trader and the very well known Moolah exchange and escrow service, have announced bankruptcy; both the CEO´s in charge of the companies are missing. Despite all the criticism, all this seems very similar to what many times happened in the traditional financial system:
A new and much waited crypto currency project has opened the Initial Coin Offering (ICO) today. Breakout Coin is a cryptography-secured game token used at the heart of our revolutionary gaming platform. Breakout Coin will bring a positive change to an already booming online gaming industry. Breakout Coin is trying to reunite the online gaming industry and digital currencies.
Over 1100 BTC have been reported as missing from Moolah, a financial platform offering consumer, merchant, and exchange services in the UK, US, and Ireland. The Syscoin developers reported Moolah owes 750 BTC and is initiating legal action via Selachi LLP. The other 400+ BTC missing were reported on the BitcoinTalk forums by forum users in a thread created by BlockaFett. On October 14, 2014, Alex Green published Moolah’s post-mortem on the company blog. “…we
Since our last interview and the released of Shadowsend, Shadowcoin has been staying true to their development road map and has recovered amidst the argument between Shadowcoin and Stealthcoin. I’m here again with the Shadow team to talk about their new html5 wallet, along with what the future holds. 1. Since we lasted chatted, how have things been? Things have been great, thanks for asking! We’ve been really busy strengthening our core foundations to support
We take a look at NHZ’s audacious plans… About three weeks ago, I introduced one of my favorite new players in the asset exchange game, NHZ. Technically an NXT clone, I have been anxious to see what plans they had to differentiate themselves from the pack. Not having the potentially unfair distribution problems of NXT is all well and good but we’d like to see some innovation too, of course. That said the exceedingly robust
Foldingcoin is a new project developed by the Stanford University and it aims to bring a new kind of functionality to CPU and GPU mining. How about donating your processing power to scientific research in medicine!? Stanford University has developed a project for this same reason! Until now, you could donate your processing capacity to assist in scientific research without any kind of compensation whatsoever, but with the Foldingcoin Project this is about to change.
The world of Bitcoin and digital currencies has often been described by many critics as the “new Wild West”. In fact, this year we have seen a growing number of new scam coins being introduced, many of them designed by the same scammers. The crypto currency community is tired of all this fraud schemes and is starting to demand a lot more proof from coin Devs and the number of launches and scams has been slowing down ever since.
Last week I covered social media platform focused GEMS this week I’ll take a look at their closest competitors, Nxtty Cryptomessenger. While NXtty seems focused more on the encrypted messaging aspect of this type of platform both groups seem to be barreling down the same general development path. One difference of note is that while GEMS has the clear advantage in terms of it’s media rich website and overall presentation, Nxtty has a more practical
…because it’s your data and you should be paid for it. If decentralization is the rallying cry of the blockchain movement, it’s only natural we start with the applications that we use most often. Currency is all well and good but there’s still the ugly matter of our social networks. Everyday our data is sold by the social media platforms we populate and generate content for. Everyday our privacy is given away and in return
CrackCoin is a new crypto currency project that has had plenty of attention from the community. The recent escapades of a Toronto’s Mayor involved in a scandal with Crack were the inspiration for the Team to choose the crypto currency name;
Breaking this weeks slump and a grand total of 11 world records along the way, Primecoin (XPM) spiked a respectable 47.18% today settling in comfortably at #21 in total market cap. A proof of work system that cleverly points all of it’s mining power towards aiding mathematical research. They’ve shown that a cryptocurrency’s choice of protocol can be about more than just security but can instead be put to practical use. With Bitcoin’s Hashrate currently