Crypto Coins

ARE WE CRAZY? Arguments against cryptocurrencies, Bitcoin. Future prediction

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Distinguishing the terms

In order to look at the potential disadvantages we will have to look at three sections:

Cryptocurrency - is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions.
Bitcoin - by far the biggest and most popular cryptocurrency which is almost 70% of the total valuation of cryptocurrency market. Bitcoin price movements affect all of the other cryptos.
Blockchain - is the technology behind most cryptocurrencies. It's a database which is growing list of records, called blocks, that are linked using cryptography.

4 main Bitcoin Disadvantages

Transaction fees - Bitcoin transaction fees are still relatively high and are currently between $1-$2. At the peak in December 2017 fees reached almost $40 and the peak this year was almost $6.

Transaction speed - it currently takes between 10-20 minutes and at the peak in 2018 took several days.

Lost wallets - Most people are not ready to take full responsibility for their assets and are not able to manage their private keys securely. A lot of Bitcoin have been lost or stolen.

User friendliness - It is difficult to use Bitcoin - opening wallets, buying Bitcoins, sending Bitcoins are all tricky for new users.

Solutions?

Transaction fees and speed - The fees and speed are deeply connected to the volume meaning more transactions will increase both. Lightning Network is the obvious solution here and it works creating channels between users where it conduct numerous transactions outside of the main blockchain and then record them as a single one. It needs to be widely adopted however.

Lost wallets - Centralised wallets are the solution here but there is no solution for truly decentralised wallets where users are their own bank...

Are we crazy? Arguments against cryptocurrencies and Bitcoin.

Buy crypto: https://www.binance.com/en/markets?ref=10136785

Get free Bitcoin: https://www.coinbase.com/join/580f4ae28bfa31697d9a8f7c

Distinguishing the terms

In order to look at the potential disadvantages we will have to look at three sections:

Cryptocurrency -> is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions.
Bitcoin -> by far the biggest and most popular cryptocurrency which is almost 70% of the total valuation of cryptocurrency market. Bitcoin price movements affect all of the other cryptos.
Blockchain -> is the technology behind most cryptocurrencies. It's a database which is growing list of records, called blocks, that are linked using cryptography.

4 main Bitcoin Disadvantages

Transaction fees - Bitcoin transaction fees are still relatively high and are currently between $1-$2. At the peak in December 2017 fees reached almost $40 and the peak this year was almost $6.

Transaction speed - it currently takes between 10-20 minutes and at the peak in 2018 took several days.

Lost wallets - Most people are not ready to take full responsibility for their assets and are not able to manage their private keys securely. A lot of Bitcoin have been lost or stolen.

User friendliness - It is difficult to use Bitcoin - opening wallets, buying Bitcoins, sending Bitcoins are all tricky for new users.

Solutions?

Transaction fees and speed - The fees and speed are deeply connected to the volume meaning more transactions will increase both. Lightning Network is the obvious solution here and it works creating channels between users where it conduct numerous transactions outside of the main blockchain and then record them as a single one. It needs to be widely adopted however.

Lost wallets - Centralised wallets are the solution here but there is no solution for truly decentralised wallets where users are their own bank.

User friendliness - This is being constantly improved with new user friendly apps and programs being introduced. There is still room to improve here but with time it's gonna get better.

4 main Crypto Disadvantages

Government crackdown - Crypto is being constantly targeted by goverments and is still banned in many places. Goverments do not like competition and also cryptos are often used to dodge taxes.

Scams - scams are still extremely prevalent in the crypto space: phishing, 51% attacks (where networks are overtaken), scammy ICOs, hacks and stolen funds.

Usage - Crypto is still rarely used to actually buy stuff in shops, it's also rarely used to transfer value.

Number of useless cryptos - there is 2500+ cryptos, around 99% of cryptos have no value so it's easy to lose money

Solutions?

Government crackdown - there are many countries that embrace crypto so plenty of crypto based projects move to those. As for general crypto/user bans those are super difficult to perform.

Scams - scams will always be there. Apps providing crypto services can improve the security further to ensure the users are protected.

Usage - more shops have to accept crypto but projects like crypto debit cards or apps that let users to use crypto in every day situation are crucial here and the development goes well in those.

Number of useless cryptos - bad cryptos will die and any remining funds from those will go to more established projects.

Are the disadvantages are problem?

In my opinion the potential government crackdown is the biggest issue however in reality that would be extremely difficult to perform due to the decentalised nature, VPS and the fact that crypto projects can migrate to other countries - still any significant bans (like US) would affect the price negatively.

Most other issues like ease-of-use, safety, scam protection, use cases, speed and costs of transactions will all improve in the future once technology improves.

As for be-your-own-bank disadvantages this is the nature of cryptocurrency. Users have to manage their own keys and ensure the safety of their assets.

The future is bright

Bitcoin halving is coming next year - in the past it always resulted in significant bull runs, Ethereum 2.0 with staking feature is coming too which will allow people to stake their tokens and increase demand. The history showed growth in bubbles and it's time for a next one.

Several decentralised apps based on blockchain and cryptocurrency are coming, projects that allow real life usage of cryptocurrencies are also incoming (debit cards, NFC mobile payments). On top of that we have projects like Bakkt, Fidelity meaning more high caliber investors and less manipulation.

Scam projects from the ICO craze are dying down and with time crypto market will mature and even less scams will be done. Regulations can help with that too if needed.

There is more push for privacy and decentralisation due to censor

Project Update: IOTA (MIOTA): Internet-of-Things. Tangle. Ledger of Things.

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Basics

IOTA stands for Internet of Things Application, and it’s a crypto technology that facilitates transactions between devices on the Internet of Things (IoT).

Internet of Things (IoT) is a concept of connecting any device with an on and off switch to the Internet and/or to each other making them able to communicate

All of that requires a different approach. In the same way Bitcoin and Ethereum utilise blockchain technology to function, IOTA uses the Tangle. Tangle makes use of directed acyclic graphs (DAG).

Tokens and usage

DAG is a system where individual nodes link to each other. “Directed” means that the link between nodes always have a direction and acyclic means that you cannot create loops inside this structure.

There are no miners so every time someone makes a transaction, he references two different transactions through work done by the device.

All of this means no transaction fees and very fast almost instant transactions. The data can be also fully encrypted and authenticated.

MIOTA is the token on the network which is used as a transfer of value and data.

Recent News

Currently the network isn't truly decentralised and is using something called Coordinator. The team is working on removing it through Coordicide and are constantly doing progress. To help the progress IOTA prepared $5 million in funds to contribute towards Coordicide-related research.

IOTA has developed Telecom infrastructure asset (things like towers for example) marketplace where selected participants (Orange, Vodafone, Nokia, Infosys) can use the proof of concept developed by IOTA.

IOTA also partnered with Primority where using the 3iVerify platform, Primority’s customers (food manufacturers), can collect a..

Project Update: VeChain (VET) the trust-free and distributed business ecosystem

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Basics

Vechain is a trust-free, complete and distributed business ecosystem based on the blockchain technology.

It focuses on variety of different solutions for different markets including liquor, luxury goods, retail, agriculture and logistics. Scope wise the project is huge with plenty of different solutions incorporated.

Usage wise Vechain combines blockchain, IoT (Internet of Things) devices, unique IDs and NFCs (near field communication) for comprehensive blockchain based ecosystem.

Tokens and usage

Vechain uses two token system VET and THOR POWER. The closest comparison would be NEO/GAS.

The function of the VET is to serve as the smart payment currency, to enable rapid value circulation within the ecosystem based on the VeChain Blockchain

On the other hand, the THOR Power represents the underlying cost of using the VeChain Blockchain and will be consumed (proportionally burnt) after certain blockchain operations are performed, such as transferring VET and executing smart contracts.

Recent News

Vechain is constantly providing news. The recent updates are:
L28 is a branded premium meat supplier in Western Australia and it has joined hands with VeChain to develop a meat traceability solution. This comes after earlier news of partnership with Walmart China where 23 product lines have been tested and launched on the Vechain Platform making blockchain usage in supermarkets a reality.

VeChain Foundation has recently announced a VET buyback plan worth up to $25M performed in 12months an open market starting this month for $5 - according to the published address they are using Binance and OceanX and already bought around 0.5M worth.

AMA

The team recently has performed an AMA:

team is trying to expand to the US market, apparently DNV-GL has been working with US healthcare provi..

Basics

Vechain is a trust-free, complete and distributed business ecosystem based on the blockchain technology.

It focuses on variety of different solutions for different markets including liquor, luxury goods, retail, agriculture and logistics. Scope wise the project is huge with plenty of different solutions incorporated.

Usage wise Vechain combines blockchain, IoT (Internet of Things) devices, unique IDs and NFCs (near field communication) for comprehensive blockchain based ecosystem.

Tokens and usage

Vechain uses two token system VET and THOR POWER. The closest comparison would be NEO/GAS.

The function of the VET is to serve as the smart payment currency, to enable rapid value circulation within the ecosystem based on the VeChain Blockchain

On the other hand, the THOR Power represents the underlying cost of using the VeChain Blockchain and will be consumed (proportionally burnt) after certain blockchain operations are performed, such as transferring VET and executing smart contracts.

Recent News

Vechain is constantly providing news. The recent updates are:
L28 is a branded premium meat supplier in Western Australia and it has joined hands with VeChain to develop a meat traceability solution. This comes after earlier news of partnership with Walmart China where 23 product lines have been tested and launched on the Vechain Platform making blockchain usage in supermarkets a reality.

VeChain Foundation has recently announced a VET buyback plan worth up to $25M performed in 12months an open market starting this month for $5 - according to the published address they are using Binance and OceanX and already bought around 0.5M worth.

AMA

The team recently has performed an AMA:

team is trying to expand to the US market, apparently DNV-GL has been working with US healthcare providers on some projects
also working hard on US regulations
is not against being listed on more exchanges but doesn't see it as priority
team wants to add more perks for current X node holders
more partnerships are still underway and are being worked on
Walmart China has invested a lot (100M+) to build their supply chain infrastructure
the increase in mainnet activity is not solely from Walmart China

Availability and price

VET is currently available on all of the main exchanges:
OceanX (59%), LATOKEN (21%) Binance (8%). Also on BitMart, HitBTC, Huobi, LBank, Bitfinex and many more.

ETH is the most popular pairing, also paired with USDT, BTC and many more.

Current price as of 25th of July is around $0.006 with VET being ranked on 31stplace in terms of the market capitalisation and market cap of $334M

Around 55B out of 86B of the tokens is in the circulation. This means 64% are in circulation.

Since the VEN to VET conversion Vechain has been struggling with price.
It did go up in price since December but lost when compared to Bitcoin.

How is it doing?

Vechain is doing steady progress and is still not in top 30 projects in terms of the valuation.

It is one of the few projects already used in real life situation (Walmart and others) which is visible through mainnet activity. On top of that the significant partnerships should ensure even more future use cases.

We have projects like Bitcoin SV/Gold, ETC, NEM that are ahead. We don't know whether it's because they are overvalued or Vechain undervalued but in terms of progress and potential I think VET should be between EOS and TRON.

VET is my third biggest holding currently.

Crypto News - Bitcoin Price, Vechain, Twitch and Facebook's Libra

Market situation

It has been a mixed bag since Bitcoin has been doing well while altcoins struggling again.
Current prices:
BTC = around $12.2k (+10%)
ETH = around $290 (-1%)
XRP = around $0.35 (-11%)
EOS = around $5.28 (-11%)
LTC = around $106 (-11%)
IOTA = around $0.36 (-9%)
XLM = around $0.09 (-10%)
BNB = around $31 (-3%)
XMR = around $95 (+8%)
VET = around $0.007 (-11%)
Even with the correction the sentiment seems to be bullish with Bitcoin with majority of traders expecting uptend in the upcoming months with few corrections (around 30%). Altcoins is a different story with faith in them being very low. People expect alt season but noone knows when it will come.

Vechain Walmart x PWC

On 25th of June Chinese arm of the U.S. supermarket Walmart said it has teamed up with blockchain project VeChain, PwC and others on the initiative, which comes as the latest in a line of food tracking projects launched by the firm.

The new Walmart China Blockchain Traceability Platform already has 23 product lines tested and listed with another 100 planned by the end of the year across 10 product categories including fresh meat, rice, mushrooms, cooking oil and more.

By scanning the products with a smartphone, Walmart China customers can access detailed information, such as the source of the tracked products and geographic location, the route the product took to the supermarket, product inspection reports and more.

The activity on the Vechain platform has increased significantly recently which would indicate real life usage which is great for the platform.

Twitch Bitcoin & Bitcoin Cash

On 25th of June it was reported that Amazon-owned, leading game streaming platform Twitch has enabled BBitcoin (BTC) and Bitcoin Cash (BCH) payments again, something they have disabled in the last few months.

Bitcoin and bitcoin cash can be found as payment options in the section dedicated to the less common payment methods..

Crypto News - Bitcoin Price, Vechain, Twitch and Facebook's Libra

Market situation

It has been a mixed bag since Bitcoin has been doing well while altcoins struggling again.
Current prices:
BTC = around $12.2k (+10%)
ETH = around $290 (-1%)
XRP = around $0.35 (-11%)
EOS = around $5.28 (-11%)
LTC = around $106 (-11%)
IOTA = around $0.36 (-9%)
XLM = around $0.09 (-10%)
BNB = around $31 (-3%)
XMR = around $95 (+8%)
VET = around $0.007 (-11%)
Even with the correction the sentiment seems to be bullish with Bitcoin with majority of traders expecting uptend in the upcoming months with few corrections (around 30%). Altcoins is a different story with faith in them being very low. People expect alt season but noone knows when it will come.

Vechain Walmart x PWC

On 25th of June Chinese arm of the U.S. supermarket Walmart said it has teamed up with blockchain project VeChain, PwC and others on the initiative, which comes as the latest in a line of food tracking projects launched by the firm.

The new Walmart China Blockchain Traceability Platform already has 23 product lines tested and listed with another 100 planned by the end of the year across 10 product categories including fresh meat, rice, mushrooms, cooking oil and more.

By scanning the products with a smartphone, Walmart China customers can access detailed information, such as the source of the tracked products and geographic location, the route the product took to the supermarket, product inspection reports and more.

The activity on the Vechain platform has increased significantly recently which would indicate real life usage which is great for the platform.

Twitch Bitcoin & Bitcoin Cash

On 25th of June it was reported that Amazon-owned, leading game streaming platform Twitch has enabled BBitcoin (BTC) and Bitcoin Cash (BCH) payments again, something they have disabled in the last few months.

Bitcoin and bitcoin cash can be found as payment options in the section dedicated to the less common payment methods of the subscription payment page. The renewed enabling of those coins as payment options has not been announced on the company’s blog or in a press release.

They do not accept Bitcoin/Bitcoin Cash directly but instead the platform is using BitPay is a bitcoin payment service provider headquartered in United States. Still the news is good for cryptocurrency because the more applications we can see the better.

Facebook and democrats

On 2nd of July a group of Democrats on the House Financial Services Committee is calling on Facebook to halt its plan to develop a cryptocurrency-based payments platform.

The lawmakers, whose panel will hold a hearing later this month on Facebook’s Project Libra, wrote a letter to company executives Tuesday expressing concerns with the cryptocurrency’s security and oversight while stressing the need to protect users' privacy and protect them from hackers.

Based on what they said: “If products and services like these are left improperly regulated and without sufficient oversight, they could pose systemic risks that endanger U.S. and global financial stability." it is obvious that they view Libra as a threat to the Dollar and want to ensure that Libra can be regulated.

DO NOT LOSE YOUR MONEY! Why investing into low mcap coins is very risky.

Investing in the past

Investing into low mcap coins was a great way to make crazy returns in 2017.

Low mcap altcoins would make amazing gains - 10x - 100x wasn't that uncommon in 2017 where there was crazy amount of hype due to ICO popularity

At this stage many projects were in development phase so mostly the investment were performed based on hype and the potential

However 2 years later many of these projects should start delivering results because they had enough development time. Are they delivering?

Reality

This leads us to the current situation where 2 years it is time for those projects that raised millions of dollars to start delivering results

The reality is different - many projects are being abandoned because they lost all of the funds either through mismanagement or simply because the money was spent on other stuff.

As a result majority of low mcap ICO projects are at risk of running out of money and abandoning the projects as a result.

Abandoning project obviously means that the price of the tokens goes way down and the invested money is lost.

Recent examples

Thor token shut down after burning through the funds and also claming that they ran into many regulatory challenges while operating that prevented them from achieving what we set out to in our white paper. What is interesting is that Thor supposedly raised $21 million during their ICO, which ended on April 2018 but the CEO David Chin says the reported figure is closer to $2M

RepuX raised the funds ($4.7M) to build a “blockchain powered data market place,” while JoyToken ($3.3M) was developing a decentralized gambling platform. A quick research of the blockchain companies also shows close ties between the two to the point where it could be assumed that both were run by the same company and were scams from the beginning.

Recent examples 2

The exchange Cobinhood is still operational butt has been dealing with controversies and issues. The company has suspended in late May due to disputes between shareholders there were also layoffs. While exchange is still operational it has also faced some technical issues. All of that tanked the token price.

Aphelion on the other hand was completely closed as annouced by CEO. The project was a decentralised exchange built on NEO but the volume is so low that they ran out of funds. There was a research published on Medium which pointed out that the CEO has been dumping tokens and living expensive and glamourous life in Bali, Indonesia which would point out that it has been a scam from the beginning.

Conclusion

There were plenty of other examples where ICOs turned out to be obvious scams for example: Prodeum, Plexcoin, Benebit, Centra, Onecoin, Pincoin and many many more.

On top of that a lot of legit projects could also run out of money due to painful bear market.

All of that means that investing with smaller projects that do not yet generate any income is extremely risky. This means that as an investor you have to consider the risk/reward ratio with less popular projects.

Since this is not 2017 I personally would avoid investing into those. If you want more risky projects but ones that still have huge potential look into top 100 (BAT/ICON/Enjin/WAX projects like these)

DO NOT LOSE YOUR MONEY! Why investing into low mcap coins is very risky.

Investing in the past

Investing into low mcap coins was a great way to make crazy returns in 2017.

Low mcap altcoins would make amazing gains - 10x - 100x wasn't that uncommon in 2017 where there was crazy amount of hype due to ICO popularity

At this stage many projects were in development phase so mostly the investment were performed based on hype and the potential

However 2 years later many of these projects should start delivering results because they had enough development time. Are they delivering?

Reality

This leads us to the current situation where 2 years it is time for those projects that raised millions of dollars to start delivering results

The reality is different - many projects are being abandoned because they lost all of the funds either through mismanagement or simply because the money was spent on other stuff.

As a result majority of low mcap ICO projects are at risk of running out of money and abandoning the projects as a result.

Abandoning project obviously means that the price of the tokens goes way down and the invested money is lost.

Recent examples

Thor token shut down after burning through the funds and also claming that they ran into many regulatory challenges while operating that prevented them from achieving what we set out to in our white paper. What is interesting is that Thor supposedly raised $21 million during their ICO, which ended on April 2018 but the CEO David Chin says the reported figure is closer to $2M

RepuX raised the funds ($4.7M) to build a “blockchain powered data market place,” while JoyToken ($3.3M) was developing a decentralized gambling platform. A quick research of the blockchain companies also shows close ties between the two to the point where it could be assumed that both were run by the same company and were scams from the beginning.

Recent examples 2

The exchange Cobinhood is still operational butt has been dealing with con..

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Cryptocurrency - The Opportunity of a Lifetime

Financial freedom is having enough income to pay one's living expenses for the rest of life without having to be employed or dependant on others.Investing is usually seen as the main source of the financial freedom.

Cryptocurrencies are seen as a potential for achieving financial freedom. This is because they (as well as Blockchain) bring positive changes in realms such as payments, transaction processing, as well as record keeping.

While technology is a driving force behind the value that cryptos bring there is no doubt that a lot of the users are investing into cryptos in order to generate income. And that is asbolutely fair since it’s an early technology so early adopters should be rewarded.

As we have seen many times before Bitcoin grows in cycles and those cycles also affect the price of the other cryptocurrencies. Ultimately however we have observed that in the last 10 years of Bitcoin existence that the trend is up.

The last bullish cycle lasted almost 2 years and ended in December 2017 with a price of almost 20k. Since then the price corrected to
almost 3k in December 2018 - since then it has been quickly recovering

The recovery has been very quick and has been destroying any resistance and main milestones on the way truly showing that the bear market is over. In this video I will look at the indicators on why we can expect significant gains in the upcoming years.

Litecoin halving is happening this year with Bitcoin halving following next year. Halving means decreased supply of the tokens. This usually results in increased demand for the existing tokens which as a result affects the price.
In the past for Bitcoin halving was a catalyst for crazy growth so this is something that is also expected this year.

The second biggest cryptocurrency Ethereum will have a major update called Ethereum 2.0 which will introduce new system which further should reward holding the tokens called proof of stake. And many other cryptocurrencies are also making progress.

Cryptocurrencies have opened up a new world for several people in parts of Africa, Asia, and South America,
who until now, remain unbanked or underbanked.This is especially important in countries struggling with inflation
where the money is quickly losing value. This opens a new market for buyers.

The global market uncertainty could also push cryptocurrencies to levels not seen before. During economical struggles a lot of investors are looking for non-fiat investments like gold, shares, stocks and now also crypto.
Upcoming investment platforms like Bakkt, Fidelity and more will be another factor that will allow huge money to flow in crypto.

Blockchain provides a lot of potential where governing bodies record real estate ownership details using blockchain,
accumulated holdings as well as details surrounding sale of properties. All of that completely transparent,
for both buyers or lenders. This would minimize instances of property dispute significantly.

The adoption of blockchain technology by the healthcare industry can result in solving multiple problems. For instance,
blockchain provides the perfect platform to create health information exchanges.

Internet of Things (IoT) working with Blockchain is an aspect that is fast entering our everyday lives,
through a range of home appliances and devices.
There are, in fact, smart cities that rely on internet-enabled applications in areas such as transportation,
controlling traffic, infrastructure management, and even garbage collection.

Blockchain technology-based frameworks can give self-organized societies the ability to make collective public decisions and improve performance of authoritarian roles.

However the main cryptocurrency use case is payments. With traditional payment systems, contracts are typically fulfilled upon the meeting of preset criteria followed by validation by central authorities.
Blockchain-based transactions, on the other hand, rely on contracts stored in public ledgers that circumvent the need for
middlemen, and fulfilling contracts between two parties takes little time. with better privacy.

If you add all of these it is obvious that cryptocurrency isn't going anywhere.
It's a new technology, still in a very early phase.
Like with any early investment opportunities this is where early adopters will be awarded with potentially live changing money.
Short term corrections are expexted but long term (years) good projects will flourish.

What should you invest into?
It all depends on how much risk you would like to take.
I would say that Bitcoin and Ethereum are two must haves
but other less popular altcoin gems are the ones that will generate most gains.

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Cryptocurrency - The Opportunity of a Lifetime

Financial freedom is having enough income to pay one's living expenses for the rest of life without having to be employed or dependant on others.Investing is usually seen as the main source of the financial freedom.

Cryptocurrencies are seen as a potential for achieving financial freedom. This is because they (as well as Blockchain) bring positive changes in realms such as payments, transaction processing, as well as record keeping.

While technology is a driving force behind the value that cryptos bring there is no doubt that a lot of the users are investing into cryptos in order to generate income. And that is asbolutely fair since it’s an early technology so early adopters should be rewarded.

As we have seen many times before Bitcoin grows in cycles and those cycles also affect the price of the other cryptocurrencies. Ultimately however we have observed that in the last 10 years of Bitcoin existence that the trend is up.

The last bullish cycle lasted almost 2 years and ended in December 2017 with a price of almost 20k. Since then the price corrected to
almost 3k in December 2018 - since then it has been quickly recovering

The recovery has been very quick and has been destroying any resistance and main milestones on the way truly showing that the bear market is over. In this video I will look at the indicators on why we can expect significant gains in the upcoming years.

Litecoin halving is happening this year with Bitcoin halving following next year. Halving means decreased supply of the tokens. This usually results in increased demand for the existing tokens which as a result affects the price.
In the past for Bitcoin halving was a catalyst for crazy growth so this is something that is also expected this year.

The second biggest cryptocurrency Ethereum will have a major update calle..

FACEBOOK COIN LIBRA COMPREHENSIVE OVERVIEW - Is it a threat to Bitcoin?

Nutshell

Facebook has annouced that they are coming together with 27 organizations around the world to start the non-profit Libra Association and create a new currency called Libra.

Libra's mission is to create a simple global financial infrastructure that empowers billions of people around the world allowing them to easy for everyone to send and receive money.

Mostly aim for users who don't have access to traditional banks or financial services.

It's powered by blockchain technology and the plan is to launch it in 2020.

Usage

The aim is to make sending and receiving money as simple as sharing messages and photos.

It will be run on Libra Blockchain which will aim to serve as a solid foundation for financial services, including a new global currency, which could meet the daily financial needs of billions of people.

To enable this, Facebook is also launching an independent subsidiary called Calibra that will build services that let you send, spend and save Libra -- starting with a digital wallet that will be available in WhatsApp and Messenger and as a standalone app next year.

Tokens

Calibra will be regulated like other payment service providers. From the beginning, Calibra will let users to send Libra to almost anyone with a smartphone at low to no cost

Libra is designed to be a stable digital cryptocurrency that will be fully backed by a reserve of real assets — the Libra Reserve — and supported by a competitive network of exchanges buying and selling Libra.

Anyone with Libra has a high degree of assurance they can convert their digital currency into local fiat currency based on an exchange rate

It is governed by the Libra Association tasked with evolving the ecosystem.

Partners

In addition to Facebook efforts, many other companies will build their own services using Libra.

There are currently over 20 partners. Partnerships include payment companies like Mastercard, PayPal,..

Crypto News - Price Update, HitBTC controversies, Kik vs SEC, IOTA news and Binance blocking US

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Overall this week market has been doing okay with Bitcoin outperforming altcoins mostly due to Binance news.
Current prices:
BTC = around $8.4k (+7%)
ETH = around $256 (+2%)
XRP = around $0.39 (-7%)
EOS = around $6.39 (0%)
LTC = around $127 (+14%)
IOTA = around $0.42 (-1%)
XLM = around $0.13 (+1%)
BNB = around $32 (+2%)
XMR = around $88 (+1%)
VET = around $0.007 (-6%)
Altcoins are currently getting destroyed because of Binance. This is especially painful for altcoins that are only listed on Binance. As for Bitcoin most prediticions are bullish however we are facting some resitance we have bounced off before.

IOTA updates

IOTA had some major developments recently with plenty of activity which resulted with IOTA outperforming Bitcoin in the last few months.

First of all they announced Coordicide which is a solution for IOTA scaling and a solution for fully decentralised network through removal of Coordinator’s which is the current centralised solution.

They have also (through a blog post) started reaching out to 3rd party custodians, liquidity providers and regulated services all of that to ensure wider applications.

Additionally they worked on proof of concept distributed ledger technology (DLT) solution through partnership with fashion label 1017 ALYX 9SM where they track labels using IOTA. Overall good progress.

HitBTC has been a source of controversies

HitBTC has been a source of plenty of controversies where it has been locking people out of their funds for quite a while, using various techniques.

They're locking accounts and making unreasonable demands for private information, which many people can't provide even if they wanted to. And when the users can't comply, they just keep crypto instead of closing the account and returning funds.

Many users started to speculate that HitBTC i..

What is Coinbase Earn? The easy way to make some extra money.

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What is Coinbase earn?

Coinbase Earn allows users to earn cryptocurrencies, while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.

Coinbase gives verified, invited users a series of tasks to complete from anywhere to earn digital currency. This usually means a video to watch and then a quiz to answer.

The amount of money earned per session is between $6-$50 in specific cryptocurrency you are learning about.

How does it work?

Currently there are 6 courses available:
Dai (DAI)
Eos (EOS)
Stellar Lumens (XLM)
Zcash (ZEC)
Basic Attention Token (BAT)
0x (ZRX)

At the time of the video only DAI is available straight away while others have waitlist or are closed. For DAI there are three questions where you get $2 dollars each (in DAI). The videos are around 2 minutes each. Once you have the crypto you can either keep it or sell it.

Availability

Coinbase works with projects so new tokens to earn might be available and old ones that aren't available anymore might come back.

You do need to be verified on Coinbase and there might be some geographical restrictions in space.

Because of that the best solution is to check https://www.coinbase.com/earn/ on your account and see what is available.

Make sure to join all of the waitlists available and check regularly for new projects available.

What is Coinbase Earn? The easy way to make some extra money.

Invite link (get free Bitcoin): https://www.coinbase.com/join/580f4ae28bfa31697d9a8f7c

What is Coinbase earn?

Coinbase Earn allows users to earn cryptocurrencies, while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.

Coinbase gives verified, invited users a series of tasks to complete from anywhere to earn digital currency. This usually means a video to watch and then a quiz to answer.

The amount of money earned per session is between $6-$50 in specific cryptocurrency you are learning about.

How does it work?

Currently there are 6 courses available:
Dai (DAI)
Eos (EOS)
Stellar Lumens (XLM)
Zcash (ZEC)
Basic Attention Token (BAT)
0x (ZRX)

At the time of the video only DAI is available straight away while others have waitlist or are closed. For DAI there are three questions where you get $2 dollars each (in DAI). The videos are around 2 minutes each. Once you have the crypto you can either keep it or sell it.

Availability

Coinbase works with projects so new tokens to earn might be available and old ones that aren't available anymore might come back.

You do need to be verified on Coinbase and there might be some geographical restrictions in space.

Because of that the best solution is to check https://www.coinbase.com/earn/ on your account and see what is available.

Make sure to join all of the waitlists available and check regularly for new projects available.

Overall this is a great initiative so good job Coinbase!

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Created 2 months, 1 week ago.

15 videos

CategoryBusiness & Finance

Crypto Coins is a Youtube channel aimed at both new and advanced users covering all things cryptocurrency and blockchain related in a form of easily digestible video presentations.

Twitter: https://twitter.com/Crypto0Coins

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