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World Open Network – A Platform for Every Blockchain and Cryptocurrency User!

CoinSpeaker
World Open Network – A Platform for Every Blockchain and Cryptocurrency User!
We see that many platforms are emerging to attempt an eternal solution on such platforms but they still lack to resolve them completely.
Reports suggest following are the major issues Crypto masses are stumbled upon!
Miners Face Loss
Miners can understand this issue in person. According to the survey, mining requires around 47 terawatt-hours on yearly basis. Basically, from which half power comes from China using coal power plants. It takes around 44 million tons of carbon dioxide yearly just in case of Bitcoin and Ethereum. There are so many cryptocurrencies that need mining. So, starts the battle.
Hacks
Hacks have been major issues while talking about cryptocurrencies as a whole. The estimation says around $4.5 billion worth cryptocurrency are hacked. There are various reasons behind the attacks including

Anonymous transaction
Not following KYC/AML regulations, etc.

This core issue makes it impossible to trace out the actual identity behind the crimes of theft.
Ignoring Consumer Protection
The data analysis states that around 1,300 tradable cryptocurrencies operate continuously. Various tokens associated with Simple Agreement for Future Tokens sell out tokens with not use results in a major issue.
Unregistered authority or governmental regulatory bodies start trading without any licensing. This vanishes the trust of a user, shaking them with a sign of danger. Such scam also disrupts the image of industry misleading them away from the end-users protection
Well, these issues must be resolved with intense research and profound knowledge. However, while we were researching the trusted platform that can solve these issues intensely, we caught up a result-oriented platform called WON.
What is WON?
World Open Network or (WON) is a network that is open to the world of technologies and influencers.
How WON Endeavors above Setbacks?

All the open blockchain on WON is pre-mined.
This company gives you access to the large pool just after ensure the KYC/AML policy requirements.
Users can instantly use Ŵ on WON right away via applications.
The open blockchain on WON is open-source and free of cost
This platform is helpful for developers to develop high-quality applications and grab in new users
Developers need no coding unless they want it to further customize

Stands to Trust Won Platform

To offer security to developers and users, WON provides KYC compliance service.
WON allows registered users to interact and transact safely.
WON account will be able to trace every transaction in compliance with KYC/BSA/AML requirements.
In case of discouraging speculation, WON ensures that the value of Ŵ (The cryptocurrency token commodity of WON INC) and DCs (Developer Cryptos) will be dependent solely on the value of products and services of WOB.
Hence creates a feedback that encourages developers to boost productivity and creativity which increases the demand for their applications and services.
They offer compliance mechanism associating every jurisdiction where they operate.
The platform applies Byzantine Fault Tolerant PoA for security
Compulsory KYC/AML Protocols stand them out of the crowd.

How is WON Influencing the ICO Market? What Makes WON Different?
Back in 2016, ICOs investments spiked around $95 million captivating 43 projects. However, in 2017, we have seen 210 ICO projects that raised around $3.88 billion escorting a huge upsurge. These projects have shown their influence supporting ICOs for the sector of financing high-tech startups.
Currently, in 2018, the overall volume associating ICO projects tends to decrease by 80% in comparison to the previous study release. However, there were many fluctuations regarding tokens, coins in the current market that eventually shows their effects. Let’s see what 2019 brings for cryptocurrency, ICOs and blockchain to revolutionize this crypto space.
WON is trying to ease the efforts of blockchain developers and raise their market by offering basic core services that majority of user needs while enchanting their markets. Leveraging the opportunity, developers specializing in game sector can distribute the game crypto coin via WON platform. They have a chance to purchase game items together with redemption option for retrieved coin.
Players engaging the platform can buy crypto game coins, at some point, they can even withdraw specific game coins and exchange to WON coin. Only requirement says players should perform the KYC procedure for safety purpose.
The amount of coins player purchases is recorded backend on chain. It works as demand and supply chain. At any time, if demand of games boosts, the demand and supply relationship rapidly changes.
Moreover, the game crypto coins do not support the concept of ICO. W coin will be seen as a medium from developer’s perspective of crypto coin; clients can use w coin to purchase developer coin also.
Note: Game Developers are Denoted as TPD (Third Party Developer) and Their Coin are Denoted as DC (Developer Coin)
One essential function: We allow players trading in the crypto game to decide whether to use this function or not. The users can gain commissions while players using game crypto coins trading with each other.
The various strategies ongoing by the WON team members are lifting the projects’ value and compliance with the upcoming market. WON is a multi-level service provider which seamlessly offer wide range of flexibility mentioned below.
WON is looking ahead to add more services in future with aspects and functionalities. In future, WON is planning to develop major user-friendly features, however, as of now, they are focusing to explore and expand their game crypto coin, familiar as Genesis. So, that people can access the platform with ease and comfort.
WON encourage the players to trade in game and make money as much as they wish to with legacy and entertainment together. As, today players earn while playing blockchain games and enjoy every day with joy. Let’s join with WON and make some good difference to the world of blockchain!
Won Offers Products And Services

WON Open Blockchain (WOB)

It is a multi-chain Proof-of-Authority blockchain network creates the Ŵ (cryptocurrency token commodity at WON INC).

World Open Platform (WOP)

It is one section in which WOB-based cryptocurrencies are available for end-users and third-party developers to engage with.

Converter

This service is available in over 100 countries, thus making WON an advanced trading platform.

API Trading

WON supports API trading together with market maker fee schedule.

Mobile Wallet

The platform has its own wallet that is accessible globally compatible with Android and iOS.
Additional Information
The company is registered as World Open Network, Inc.
The Location of WON: 4400 Bohannon Drive, Suite 280, Menlo Park, CA 94025
Download WON
Google Play Store: https://play.google.com/store/apps/details?id=net.worldopennetwork.wallet
App Store: https://itunes.apple.com/us/app/won/id1434638399?l=zh&ls=1&mt=8
World Open Network – A Platform for Every Blockchain and Cryptocurrency User!

Blockchain Developers Not Affected by the Market. Salaries Keep Rising

13 months have resulted in a nearly 80% correction in the crypto markets. Despite 2018 not having the same success, blockchain developers are clearly not affected. Most of them are making between $140 000 and $180 000 a year.
Of course with the huge amount of volatility in the sector, it’s impossible to have concrete data. Rising salaries do not necessarily reflect a steady increase of developer activity. This is completely natural since the last two years have quite literally, been a wild ride. The height of the bull market saw a lot of professionals and companies flock to the sector.
Blockchain developers are by far not the only valued experts in the crypto world
Many traders left their positions in major banks and moved over to major crypto exchanges. The majority of them even took huge pay cuts, but were willing to take the risk. For professional traders, the risk, opportunity and excitement to work in a rapidly growing industry is priceless.
Contrary to popular belief, this trend did not decrease in 2018. Despite the prolonged bear market, experts still continued to flood to the crypto sector. Traders, developers, executives all kept leaving stable and reliable jobs at traditional financial institutions.
Thomas Bertani is a CEO at a Swiss startup. He believes that blockchain developers in Switzerland are paid incredibly good money simply because there is a huge lack of developers at the moment.
He stated:
“I believe that developers being paid over $15 000 a month is due to personnel shortage. Highly skilled and experienced developers are incredibly hard to find and here in Switzerland, the living standard is one of the most expensive on Earth.”
Despite the mass frock of professionals from the traditional institutions, there is still a growing need of experts. ICOs, VC firms, startups and crypto exchanges are all outbidding themselves to bring in qualified and experienced blockchain developers.
ICOs are usually not very attractive to blockchain developers. Not only because of their reputation, but because of they are generally viewed as short-term opportunities. This is why despite the high salary offers, most developers find it difficult to associate themselves with ICOs.
In the last 30 to 40 days, a lot of layoffs were announced by many companies. Despite that, the companies, which laid off nearly 70% of their staff, are still looking and willing to pay extremely good money for experienced blockchain developers.
Entry-level developer in leading markets for software development are already making over $180 000 a year. This leads many experts to believe that despite the prolonged bear market and rough market conditions, the salaries will continue to rise.
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The post Blockchain Developers Not Affected by the Market. Salaries Keep Rising appeared first on CoinStaker | Bitcoin News.

All You Need to Know About the Security Token Offering

CoinSpeaker
All You Need to Know About the Security Token Offering
Until a few months ago, the ICO (Initial Coin Offering) looked like it would be unstoppable. It had become the go-to means of raising capital for tech entrepreneurs wanting to fund their next venture. In the first quarter of 2018, ICOs had raised more than $6.3 billion from investors, surpassing the total of ICO funding in all of 2017.
However, the US Securities and Exchange Commission (SEC) and other regulatory authorities soon started to intervene. The problem is that when investors buy tokens as part of an ICO, they are often doing so in anticipation of future profits. Furthermore, the investor community around a project usually perceives their token ownership as a stake in the project itself. These dynamics can exist whether or not a project’s founders assert that they retain full ownership of their creation.
This difference in expectations has become a problem for ICOs. US Securities legislation uses the “Howey Test” to establish whether or not a transaction meets the criteria of being an investment contract. The Howey Test questions whether “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”
While the SEC hasn’t yet introduced any formal legislation around ICOs, SEC Chief Jay Clayton has been unequivocal in his statements that ICOs should be treated as securities. Other regulators, such as the Swiss FINMA, have also established their position on securities offerings.
What is an STO and How is It Different from an ICO?
From this cloud of regulatory uncertainty came the Security Token Offering (STO). Essentially, the STO is an ICO that has dropped any pretense that it isn’t offering securities. Therefore, an STO attempts to comply with securities legislation based on the geographical location of its investor base. STO investors can be assured that they are purchasing equity in the company itself.
Unlike an ICO, an STO sale creates obligations for the issuer of the tokens and gives legal rights to the investor. Unlike an ICO, if the project flops and the company goes into liquidation, the STO investor stands a chance of getting some of their investment back.
Also, while the ICO has been mainly limited to a means of crowdfunding for startups, the possibilities for an STO could mean an established company simply tokenizes its existing equity instruments.
Finally, unlike an ICO, security tokens are not traded on unregulated crypto exchanges, but on compliant trading platforms. Because security tokens are a very new concept, some of these platforms are still in development. Coinbase has announced it will soon be starting security token trading, while NYSE owner ICE is launching a compliant trading platform for digital assets called Bakkt.
Regulatory compliance can impose different requirements on an STO depending on where the tokens are being offered to investors. Now that there are a lot of investors entering the blockchain space—especially in the far-East—many are looking to invest in STOs as they are an emerging trend.
Examples of STOs
There have only been a few instances of STOs so far, again because the process is nascent. Blockchain Capital was one of the earliest pioneers. The company is a venture capital firm and raised $10 million within six hours of opening its STO earlier this year. The proceeds were transferred into one of the firm’s venture funds. Science Blockchain is another example, having raised $12 million for its incubator and fund focused on blockchain investments.
Sia is a blockchain-based cloud storage platform, with an STO that is currently ongoing. The Sia platform operates two coins, the Siafunds coin, which is being sold in the STO. Users of Sia cloud storage will transact in the Siacoin as the utility token of the platform.
Setting Up an STO
To be successful in the STO space requires expertise, particularly so given that the concept is still in its infancy. Launching an STO is a completely different approach and is subject to much more scrutiny than an ICO—especially in terms of legal frameworks and tokenomics, since each token represents a security.
Moreover, regulation is still unclear in many jurisdictions around the world. Therefore, investors and regulators analyze these projects much more rigorously. For this reason, it is critical to partner with the right team of advisors to help navigate the process.
Priority Token is an international STO and ICO advisory agency with offices in London, Singapore, Moscow, and Seoul. They are the #1 STO agency and within the top 3 ICO agencies with significant experience in fundraising for utility and security tokens along with raising venture capital.
Furthermore, Priority Token has a huge investor network in Asia (China, Korea, Japan, Hong Kong, and Singapore) and performs roadshows for their clients almost every month. The company has been involved in projects raising more than $200 million in funding and can provide a full suite of advisory services including competitor benchmarking and direct promotion to private investors.
x10 is a full-service marketing and PR agency covering STO and ICO promotions. The company can provide tailored services including targeted marketing for specific geographies alongside support from writing whitepapers all the way through to exchange listings and post-ICO services. x10 is fast-growing and is rated among the top five ICO marketing firms on Hackernoon.
CrowdfundX is a fintech marketing firm specializing in ensuring US regulatory compliance (Reg A+, Reg D 506 (b) and Reg D 506 (c)) for STOs. The company can also help with acquiring retail and institutional investors.
IBC Group is an international blockchain consulting group spanning 40 countries. The company can facilitate end-to-end ICO and STO support, enterprise blockchain development, capital raising, consulting and institutional training.
Closing Thoughts
In light of recent developments in the blockchain space, there is no doubt that the industry is heading towards an STO-predominated future. While ICOs introduced an excellent means of crowdfunding for startups, STOs are poised to further enhance these fundraising opportunities while introducing new investment dollars into the space —including potentially game-changing institutional contributions.
All You Need to Know About the Security Token Offering

Cryptocurrency in Action: Gifto’s New E-Commerce Platform Live in Taiwan

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Cryptocurrency in Action: Gifto’s New E-Commerce Platform Live in Taiwan
Despite the name, cryptocurrencies are very difficult being used in common day-to-day transactions. A large part of the issue is a lack of adoption among major retailers due to price volatility and the lingering reputation of scam ICOs, but even if that were not the case, convoluted exchange gateways ensure buying something as simple as a stick of gum would require myriad steps and multiple online platforms if one were to use a cryptocurrency. In 2019, Gifto is out to change that narrative with launch of its E-Commerce platform where goods from the top Taiwanese brands can be purchased with just the press of a button.
Anything from cheesecakes, tea, or gift cards from top Taiwanese brands such as Cheese Duke and Holiday KTV can now be purchased with Gifto (GTO) directly from the project’s innovative web wallet and website. There is never a need to visit an exchange, or set up a Coinbase account. As long as a user has access to their web wallet, then they have direct access to the store.

The project is using its backing by Asia Innovations Group (AIG) in order to sidestep the convoluted exchange gateways that keep crypto out of the hands of the general market. By leveraging Uplive, AIG’s mobile live streaming product, Gifto is able to place its web wallet within the app and give 5 million Taiwanese Uplive users access to Gifto’s growing catalogue of E-Commerce offerings.
Gifto is also looking to untangle the web of processes involved when purchasing cryptocurrencies by providing a direct fiat gateway to GTO with ACE exchange in Taiwan. The team behind Gifto is taking advantage of Taiwan’s crypto-friendly market and crypto-friendly regulations to increase access to the token, as well as drive its usage. Along with ACE, this initiative includes Gifto’s strategic partnership with the Asia Blockchain Accelerator (ABA) in Taiwan, first government backed blockchain accelerator in Asia. By working alongside the ABA, Gifto is helping to tokenize services in multiple industries and build projects that generate real economic value. With E-Commerce now in place, Gifto is building a network of value in Taiwan that it expects lead to mass adoption in 2019.
Gifto is now in an elite class of tokens like Bitcoin, where real-world applicability has moved beyond the white paper and into the business of providing services for consumers. The market has responded enthusiastically to Gifto’s E-Commerce development, and Gifto’s profile has raised rapidly in trading volume and rankings. If 2018 was a warning that the crypto industry cannot be sustained on hype and speculation, then 2019 is the year that the industry must prove that behind all the noise is a revolutionary technology that can enable a more transparent, equitable, and fun exchange of value online. Projects like Gifto are leading the charge by providing cryptocurrencies that aren’t content to be passing curiosities, but are instead generating real economic value through tokenized services.
Cryptocurrency in Action: Gifto’s New E-Commerce Platform Live in Taiwan

ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

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ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs
Despite the recent cost-cutting ventures at ConsenSys, the company is increasing its investment activities by reaching out to independent start-ups. The Brooklyn-based ethereum venture studio announced two new investments on January 17, 2019. They put an undisclosed amount in the encryption-centric browser Tenta and $1 million in the Paris-based Coinhouse.
Kavita Gupta, the managing partner at ConsenSys said that they chose the start-ups since they have bitcoin veterans serving established user-bases. The Coinhouse platform has at least 150,000 user accounts. Moreover, the CEO, Nicolas Louvet, was among the first investors of the hardware wallet startup Ledger.
Éric Larchevêque, Ledger’s CEO reciprocated the move in Coinhouse. Now, both men are board members in each other’s companies. The reciprocated investment is what attracted ConsenSys to the startup with Gupta saying:
“A settlement custody solution like ledger working with the Coinhouse exchange is very relevant to how at ConsenSys Ventures we think about investing”
Tenta comprises an ad blocker, built-in VPN, full data encryption, and Crunchbase lists the browser at over 61,489 downloads. MetaMask, the ConsenSys-incubated wallet startup wants to partner with Tenta to offer built-in crypto wallets within the mobile browser.
The Investments
Since its inception in 2017 with $50 million, ConsenSys Ventures invests in start-ups that complement those already under the ConsenSys umbrella. Since then, the company has distributed almost $14.5 million across 14 projects. The latest project among them as we reported earlier is Newspack and other equity deals are almost complete.
Gupta’s strategy is to bring as many of the traditional venture capitalists into the ConsenSys sphere as possible. All the entrants are conjoined in an ecosystem that enables every member to benefit from the others symbiotically. She commented:
“We have been helping a lot of VC funds to think through their investment thesis and introduce them to the ecosystem. In a lot of our investment deals lately, we have invited a lot of our friends and other funds who we respect, and they have participated.”
VC Synergy
Currently, ConsenSys Venture’s portfolio shares mutual investments with many brands. Some of them are 122 West, Intel Capital, La Famiglia and Paradigm, Coinbase Ventures, Kindred Ventures, General Catalyst, and Sequoia. The Coinhouse $2.8 million Series A was led by Gupta’s team together with several angel investors.
The team is looking for start-ups with over 200 projects expected to apply for the Berlin-based Tachyon program this year. ConsenSys seek start-ups that can raise their own capital and cater to their operations costs without relying on Joe Lubin. That move is consistent with the old ConsenSys strategy that considers portfolio companies as strategic partners.
Going forward Gupta announced that she will prioritize investments in start-ups that focus on privacy, infrastructure, and network effects. Generally, ethereum wants to primarily focus on investments that drive adoption.
ErisX announcement
On January 12, ErisX announced that Joe Lubin has joined their board of directors. Lubin said that:
“I look forward to bringing my experience with decentralized technologies and digital assets to a model that will further democratize access to digital assets.”
As we reported earlier, the Ethereum co-founder said that the future of crypto is quite bright. He joined ErisX due to its unique position in the market that can help make a likely digital assets’ breakthrough a reality in 2019.
ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

8 Surprising Everyday Uses for Blockchain Technology

CoinSpeaker
8 Surprising Everyday Uses for Blockchain Technology
Blockchain has captivated the interest of numerous people over the world. Unquestionably, due to its significance in the cryptocurrencies! But things have changed. Blockchain just no longer only play a role in the cryptocurrencies, it provides effective assistance at doing different everyday operations.
The blockchain is the digital, distributed, and decentralized ledger, playing a key role in logging all transactions through a secure digital network since it generates multiple records stored in a decentralized manner. In simple words, it enables us to carry out transactions and/or logging information using new means, rather than the old conventional ways. Now, blockchain is beyond cryptocurrencies and probably has grounded its roots in several operations.
Here we are going to take a look at the 8 potential uses for blockchain technology.
Quick Payment Process
Perhaps the most common use of technology is transferring funds from one party to another. With the old traditional banking system, the process of transferring funds takes a significant amount of time. But without any intermediary, and round the clock banking operations, blockchain can be settled within seconds.
Electronic Voting
The acceptance of digitalization in conducting vital everyday operations has brought significant ease. And with the availability of blockchain technology processes have become much more secure.
Well, blockchain offers the ability to vote digitally, offering transparency to the entire process. Since the technology keeps logs of their every step in a secure digital network. It provides ease of mind to the voters and makes their votes count.
Monitor Supply Chain
Blockchain has turned out to be a real game changer for supply chain management. It allows a secure and transparent track of all information within a supply chain network. At every time an update has been made in the network, the technology creates a permanent log and dramatically reduces any chances of errors. Eventually, cutting added costs and eliminating time delays.
Major logistics companies like DHL and FedEx have already integrated blockchain in their supply chain operating system. Hence found improvements at recording, tracking, assigning, linking and sharing data and information in their network.
Cloud Storage
Cloud storage has given a totally different picture of storing data in a more secured accessible way. And it wouldn’t have been possible without a decentralized and distributed storage marketplace. This is when blockchain technology plays a significant role. It stores data on multiple nodes across the globe while offers easy access to download and upload files. Companies like Google Cloud and Amazon Web Services use the same technology to proud cloud storage to consumers around the world.
Medical Recordkeeping
Nobody can deny the importance of record keeping in the medical sector. And the good news is that it has already taken measures in better record keeping. Well, the move away from paper recordkeeping to a digital one was an astonishing one on its own. However, integrating blockchain technology has offered more convenience and safety to the entire process.
Storing patient records, tracking medical reports and automated interaction has brought major improvements to the entire system. At the same time, patients also possess the key to their medical records, all thanks to decentralized and distributed storage of data.
Food Safety
One couldn’t expect to trace food from its origin to their plates. Well, that’s quite possible now. This has been one of the intriguing uses of blockchain in the food industry. The immutable nature of blockchain allows tracking the transport of food products from their origin to the supermarket. This allows consumers to get complete information regarding a product before making a purchase or ordering something to eat. This helps in letting consumers get aware of contamination found in the food considerably quicker than in the old days.
Assets Ownership or Wills
With the help of blockchain, people can now make smart contracts for their asset ownership or writing wills. These smart contracts are alternate to paper documentation to prove ownership of assets. Blockchain allows creating and storing a digital will on a secured network. Hence allow wills to be crystal clear and legally binding, leaving no confusions as who is the owner of an asset and who should receive assets when passes away. Also, gives easy regularly track payments, taxes, and change of ownership with the aid of blockchain technology.
Digital IDs
Blockchain help creates a better digital ID. It notably reduces third-party intermediaries and eliminates chances of record-keeping failures. It gives a private key tied to unique personal identifiers (biometrics). Let individuals control their private key while offering portability and persistence.
With the authentic digital ids backed up blockchain technology, it has become a lot easier for online users to verify information, make payments, and set up a business online without hassles.
The history of blockchain dates back to late 1970s when it was designed with a simple concept to offer a secure peer-to-peer connection in a computer network. Passing from the time when it was considered just an important part of the cryptocurrencies, it has grounded its roots into numerous everyday operations.
Today, the integration of blockchain in the digitalized world has made us perform everyday operation effectively in a much quicker and a secured way. Needless to say, quick payment processes, outstanding record keeping, and pinpoint information tracking has only become possible due to this powerful innovative computer technology we know today as “Blockchain”.
8 Surprising Everyday Uses for Blockchain Technology

Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring

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Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring
The major US digital asset exchange Coinbase has further expanded its scale of activity and influence. The company has acquired Andreessen Horowitz-backed Blockspring, a San Francisco-based firm that produces tools for automatical gathering and processing information from application programming interfaces (APIs).

[email protected] Team is Joining @coinbase! We're super excited.
Announcement here: https://t.co/d9uh3roVBt pic.twitter.com/FTDIpc0B07
— Blockspring (@Blockspring) January 17, 2019

Blockspring noted that despite joining Coinbase, the APL developer will continue to operate as an independent company and its products will continue to operate for current and new customers as they always have.
In a blog post,  Paul Kalsen, the co-founder and CEO at Blockspring, wrote:
“Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda). Making the technical simple and accessible is what we’ve always been about at Blockspring. And now we’ll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own.”
Coinbase Acquisitions
According to CoinMarketCap, Coinbase is the 39th largest exchange in the world. The company, which is well-known for its services and a range of products, is continuously expanding.
For Coinbase, Blockspring is one of the eleven firms the exchange has acquired for its collection. The largest acquisition took place in April 2018 and involved a $120 million deal for Earn.com, known for developing a social network and two-sided marketplace that enables users to earn digital currencies by replying to emails and fulfilling microtasks. The deal became the fifth acquisition by Coinbase. Soon after the acquisition, which involved an offer of equity package, the valuations of the exchange operator have soared to $8 billion.
Also in April 2018, Coinbase acquired Cipher Browser, an Ethereum blockchain-based app browser and wallet service provider. Among other companies bought out by the exchange are Keystone Capital, Distributed Systems Inc., and others.
In December 2019, Coinbase received support for its accounts and wallets from Wealthfront, the SEC-registered investment advisor. As part of this integration, Wealthfront users are now able to track their cryptocurrency investments using the Wealthfront’s financial planning tool. During the first few months of 2019, savings and checking accounts are to be provided.
About Blockspring
Blockspring is a tech startup famous for the API data service which includes building lists and repositories that can be used for marketing and sales purposes. Blockspring connects your applications to your data, allowing the automation of exports, refreshing and warehousing. The company is pretty popular and has a lot of clients. For its services, Blockspring charges only $29 USD.
In 2015, the company raised $3.4 million in a round led by venture capital firm Andreessen Horowitz and seed-stage investment firm SV Angel, while also having support from venture fund Y Combinator.
Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring

Bitcoin Cash (BCH) Near Crucial Juncture, Can Buyers Gain Momentum?

Bitcoin cash price extended declines recently and broke the $140 support level against the US Dollar.
There is a crucial bearish trend line in place with resistance at $135 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair is positioned for the next major move either above $135 or below $120 in the near term.

Bitcoin cash price traded below the $150 and $140 supports against the US Dollar. BCH is now looking for the next key break either above $135-140 or towards $100 in the near term.
Bitcoin Cash Price Analysis
Recently, bitcoin and Ethereum faced an increased selling pressure, which dragged bitcoin cash price below $140 against the US Dollar. The BCH/USD pair formed a high near the $163 level and later declined steadily below $150. It broke the $140 and $135 support levels to move into a bearish zone. The price tested the $120 support, where buyers emerged and protected losses. A low was formed near $120.5 and later the price started consolidating losses. It corrected a few points above the $125 and $127 levels.
There was also a break above the 23.6% Fib retracement level of the recent decline from the $163 high to $120 low. However, buyers failed to hold gains above $130 and there was no test of the 55 simple moving average (4-hours). The price trimmed gains and it is currently trading well below $130. More importantly, there is a crucial bearish trend line in place with resistance at $135 on the 4-hours chart of the BCH/USD pair. A proper break above the trend line could open the doors for more gains. The next key resistance is $140 and the 50% Fib retracement level of the recent decline from the $163 high to $120 low.

Looking at the chart, bitcoin cash price is clearly positioned for the next major move either above $135 or below $120. If there is a downside break below $120, the price may test the $100 support.
Technical indicators
4-hours MACD – The MACD for BCH/USD is currently flat in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is struggling to move above the 50 level.
Key Support Level – $130
Key Resistance Level – $120
The post Bitcoin Cash (BCH) Near Crucial Juncture, Can Buyers Gain Momentum? appeared first on Live Bitcoin News.

Shady Past of DX.Exchange Brought to the Surface

CoinSpeaker
Shady Past of DX.Exchange Brought to the Surface
Earlier this month, Estonia-based Dx. Exchange announced that it allows users to purchase tokenized versions of real- world stocks listed on NASDAQ. This move from the Estonian exchange was to leverage the security and transparency aspects of the blockchain technology.
However, some shady details regarding the exchange operations and its past have recently come to surface. Dx. Exchange is now linked with a suspicious binary options trading platform called SpotOption. In the past, a number of binary options trading platform have emerged out as potential scams. Furthermore, many countries like Canada have put an outright ban on such platforms.
Also, the Dx. Exchange owner Limor Patarkazishvili had more than 90% stake in SpotOption previously. Furthermore, it turned out that SpotOption was one of the 100 firms in Isreal scamming its customers. Note that the binary options trading is not an inherent scam. However, the Isreal turned out to be a breeding ground for frauds around binary options. The country ultimately decided to bring a blanket ban on it.
The Sketchy Past of SpotOption
Founded in 2010, SpotOption witnessed an exponential growth in the first five years. By 2015, SpotOption was offering back-end services to more than 300 global affiliates, most of whom were based in Israel. The company also offered white-label products that were regarded as binary options.
However, behind its gloomy outlook, the company was accused of being involved in shady practices. Last year, the local news publication Times of Israel reported:
“Fraudulent Israeli binary options companies ostensibly offer customers worldwide a potentially profitable short-term investment. But in reality — through rigged trading platforms, refusal to pay out, and other ruses — these companies fleece the vast majority of customers of most or all of their money. The fraudulent salespeople routinely conceal where they are located, misrepresent what they are selling, and use false identities.”
In 2018, the FBI raided SpotOption offices in Israel in a lookout for its Yukom CEO Lee Elbaz. The FBI also received big support from local law enforcement authorities in filing a big case against Elbaz. She was accused of defrauding the U.S. investors through a fraudulent binary options trading scheme.
Yukom was one of the popular brokers using the SpotOption software. Yukom had white-labeled the binary options trading software and offered it to the clients. In October 2017, a massive controversy chipped-in when the Israeli government had given SpotOptions grants worth over $270,000 to expand its operations in China.
SpotOption Founder Convicted of $68 Million Fraud
In a detailed case presented by CCN, the SpotOption founder and Israeli businessman Pinchas Peterktzishvilly was convicted of committing a fraud worth $68 million. Popularly known by the name of Pini Peter, Pinchas was accused of forging digital signatures to embezzle money at TradeBank. On the other hand, SpotOption co-founder Oren Shabat was also involved in other fraudulent activities.
The publication notes: “SpotOption’s co-founder is a self-professed Israeli crypto advocate named Oren Shabat Laurent. He has been in trouble for hiring experts to help mask the way both SpotOption and his own company, Banc De Binary, used affiliates and brokers to facilitate the billions of dollars gleaned in their fraud scheme.”
CCN has presented a detailed case into the entire matter.
Shady Past of DX.Exchange Brought to the Surface

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker
Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin.
The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard.
Babak Dastmaltschi, Chairman of the DTR Foundation Council, said:
“The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.”
According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum.
Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said:
“We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.”
The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin.
To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved.
Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented:
“In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.”
The launch of the Unit-e is planned for the second half of 2019.
Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project