Binance announces listing of BCH-pegged tokens on Binance Chain – AMBCrypto

Binance, the worlds largest crypto-exchange by market volume, recently made an announcement which should make the Bitcoin Cash community happy. In a recent Binance community post, Changpeng Zhao, CEO of Binance, proposed the listing of BCH-1FD, a token that would be pegged with Bitcoin Cash.

The proposal was put forward to add support for Bitcoin Cash trading on top of the Binance Chain. Bitcoin Cash is only the third crypto-asset to be chosen for the platform after a Bitcoin-backed token was issued in June earlier this year. An XRP-tracking token was later announced by Binance on 11 October.

Binance has claimed that the current listing is aimed at increasing interoperability between different assets, while improving the overall utility aspect of Binance DEX. Binance will initially issue a net worth of $2 million BCH-tokens and the exchange will continue issuing more tokens in accordance with market demands. The issued BEP2 BCH will be backed 1:1 with native BCH tokens and it will be placed in a disclosed reserved address that can be accessed and monitored round the clock by anyone in the community.

CEO CZ welcomed the announcement and stated,

The BCH community is one of the strongest crypto communities, and were excited to collaborate with them on migrating BCH token onto Binance Chain.The BEP-2 BCH token will be pegged to the native BCH. BCH holders can enjoy the seamless token swap experience on Binance.com and non-custodian trading on Binance DEX after the listing proposal is approved by the Binance Chain community.

Bitcoin Cash was in the news recently after its proponent Roger Ver recently mentioned that Bitcoin Cash will soon resonate with the functionality of a stablecoin too. He stressed that with BCH, users will be able to pay the interest thats acquired on the fiat currency in the bank, directly on-chain to all the stablecoin holders in the network via a new tool introduced on the BCH network.

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Binance announces listing of BCH-pegged tokens on Binance Chain - AMBCrypto

BREAKING: Roger Ver clashes with Nouriel Roubini in heated debate – Yahoo Finance

Renowned economist Nouriel Roubini found himself embroiled in a war of words with Bitcoin Cash founder Roger Ver during a heated panel at Londons CC Forum on Tuesday.

Roubini, who is often referred to as Dr Doom, clashed with Ver on the topic of whether cryptocurrencies are being used and if they have a genuine use case.

Ver enthusiastically claimed that more than 100,000 websites accept Bitcoin Cash, while Roubini continually rebuffed his claim by stating that no one uses cryptocurrencies and that they cant even be classified as currencies.

A hostile audience challenged Roubini on his anti-crypto stance, although he reiterated that they have lost on average 95% of their value and that 80% of ICOs are all copycat scams.

Despite the moderator attempting to steer debate towards the topic of cryptocurrencies in general, Roger Ver was insistent in his advertisement of Bitcoin Cash.

To his credit, Roubini held his own when comparing the unregulated nature of cryptocurrencies to global regulated currencies and capital markets, stating that cryptocurrency was a hotbed of price manipulation, money laundering and terrorism due to the lack of AML and KYC procedures from exchanges.

There were also claims that 20m people used cryptocurrency, however Roubini was quick to point out that 95% of the reported volume was fake, thus rendering it irrelevant in comparison to paper money.

Full report to follow.

For more news from the conference, click here.

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BREAKING: Roger Ver clashes with Nouriel Roubini in heated debate - Yahoo Finance

Ethereum is fantastic as an ICO platform: Bitcoin Cashs Roger Ver – AMBCrypto

The annual DevCon 5 conference for Ethereum played host to many attendees, many of whom are prominent personalities in the crypto-community. Ran NeuNer, Host of Crypto Trader, recently interviewed Bitcoin Cash proponent Roger Ver on the sidelines of the event.

Decentralized Finance or DeFi has been one of the most popular applications in the crypto-space lately, and the dApp has steadily grown into a $500 million industry over the past 12 months.

Talking about DeFi, Roger Ver said that the idea of DeFi intrigued him due to its characteristics as a non-custodian financial service. Ver claimed that the functionality of Ethereum and ERC-2o tokens in DeFI was excellent, but Bitcoin Cash tokens could be implemented in the DeFi ecosystem in a more precise manner. Additionally, Ver said that Bitcoin Cashs network presented the ideal platform to create a security token. He said,

You can now make Bitcoin Cash tokens, send them to anyone, anywhere in the world and then pay dividends directly on chain to every token holder with whatever address and whatver country they are present in.

Ver also took the time to highlight Bitcoin Cashs eventual form as a stablecoin in the cryptospace. He stressed that with BCH, users will be able to pay the interest thats acquired on the fiat currency in the bank, directly on-chain to all the stablecoin holders in the network via a new tool introduced on the BCH network.

Ver also addressed the dormant trend of ICOs, with the BCH proponent suggesting that Initial Coin Offerings should not be underestimated yet. He believes that it is still a very powerful tool to connect investors with entrepreneurs around the globe.

He added,

Ethereum is fantastic as an ICO platform. If people want to have an ICO today, Ethereum is a fantastic platform to do it on because you have all this infrastructure already in place.

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Ethereum is fantastic as an ICO platform: Bitcoin Cashs Roger Ver - AMBCrypto

Driving the decentralized revolution; Devcon 5 – Cryptopolitan

Looking back cyber historians may go that the decentralized revolution was crafted at the Devcon events. Elsewhere had set up a one of a kind experience for Devcon attendees to witness. It included an artful experience that unveiled the ideas with which people mythologize money.

Greg Crawford, who is the head of dream logistics at Elsewhere, claimed that the experience allows people to find out about their opinions regarding money.

The Devcon Park featured dinosaur and unicorn figures that were scattered around the area. Various stalls offered food and t-shirts.

Ethereums community is comprised of people who wish to develop a perfect financial system. Devcon 5 focused on Ethereum developers, and its display has implied that the Ethereum community is making constant progress towards the creation of a better financial system for the world.

Devcon 5 was headed by Roger Ver, the founder of Bitcoin.com. He was present at Devcon as a promoter of solidity between blockchain platforms and projects. He believes that users should utilize any blockchain platforms.

Roger Ver thinks that developers should do whatever it takes to empower people and to make platforms better for its users, even if it involves breaking the rules. He termed Devcon as a protest event.

The soon-to-be-launch decentralized Virtual Private Network (VPN), developed by Orchid Labs, is based on blockchain technology. The VPN will allow users to access content using a better privacy layer.

This is the beginning of paid-for Internet services which will allow users to perform small scale payments to other users, instead of an Internet Service Provider (ISP).

Ernst & Young, which is a multinational professional services firm based in London, introduced privacy tools. The firm allows businesses to utilize their tools while staying in the boundaries set by the law. The firm is currently allowing people to use its open-source tools.

Paul Brody, who is responsible for driving the firms initiatives in blockchain technology, has claimed that various developers are appreciating the firm, for developing its tool Nightfall.

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Driving the decentralized revolution; Devcon 5 - Cryptopolitan

Weekly Wrap-Up October 18th, 2019 – TheNews.Asia

Read the full newsletter here.

This week saw South Korea serve as host to two more conferences, one major and one minor, but both quite interesting. Additionally, Roger Ver and friends moved from Korea over to London in the same week. There was other activity around the world involving government entities finally finishing their DD to realize that digital currencies may be a development they should be investing in. Lets dive in and look at the tech updates, biggest gainers, and official announcements from the week.

First, we have Brave browser, based on Chrome and by most accounts indistinguishable from Googles flagship browser barring their advanced ad blocking and crypto rewards program, reaching 8 million active users. Now that may not necessarily mean 8 million individuals because many people are active on multiple devices with the browser, but it is not an insignificant amount of active accounts nonetheless.

Both the Canadian bank and the US Federal Reserve made announcements about their involvement in launching their own government-backed digital currencies. The Canadian Bank went as far as to name theirs CBDC and will be launching it as soon as possible. There are some caveats, however, since they were the first and most public state government to be doing broad due diligence on how and why to launch a coin since early 2018. The Fed also announced that they were actively debating whether or not to develop and launch a digital dollar that would be used like CBDC. Just so you know, they all realize that they can track transactions with it.

Thena US Senator urged all the companies remaining on Libras council to stay there amidst PayPal and others jumping off of the council in the past few weeks. His argument was simply to wait and watch as the Libra situation becomes clearer. They may be part of something huge.

Brave Breaks the 8 Million User Mark

Coming as little surprise to those who use the Chrome-based browser, Brave has hit the 8 million-user mark. Daily active users is nearly 3 million which suggests that the 8 million number could be just the number of installs since its hard for someone to use two instances of a browser on two separate devices at the same exact time. For example, you can download Brave on your laptop, desktop, phone, and tablet, but would likely only use one of them at a time. Furthermore, the 14% click-through rate on ads is more than 5-times the industry standard 2%. Turns out, people are more inclined to watch something if there is a direct incentive for them to do so. Groundbreaking ideas.

CBDC Canada Bank-Backed Digital Currency

Last week we discovered through an official correspondence that US government officials are seriously interested in developing and rolling out a USD digital dollar to combat the likes of Libra. Since digital assets and cryptocurrencies have taken a major spotlight in the past few months from business-types, the Canadian government is also realizing that there is money to be made, or rather, money to be saved in developing a project that would replace Libra and other cryptocurrencies with similar use cases. The scariest part is that it would allow the sharing of personal data with tax authorities or police.

Practical Blockchain Adoption via Banks

Panelists at a conference in Seoul discussed mass adoption and the value of blockchain for the average Joe. The consensus was that traders are not a factor in mass adoption. All of your Chads who think more people should be using STEEM have it all wrong. Their assertion was that blockchain will be most practically adopted and regularly used as a broker, saving up to 30% of the price of a deal between parties, and as a rewards system to pay people for using a platform. These ideals are far from the lofty ones we used to hear at similar blockchain conferences a year or more ago, and are coming from people who have been in other industries for years before blockchain, as well. Listen up, folks; blockchain at a bank near you.

Fed Now Actively Discussing Fed-Backed Digital Dollar

Not only are officials interested in developing a digital dollar, apparently the Fed is making strides forward at making a final decision whether they will or wont develop and launch a USD digital currency. At about 65% of global currency reserves, the USD is by far the largest currency in circulation. Making a digital dollar would likely make the currency more accessible, or at least easier to house safely since it wouldnt take costly vaults and staff to protect the reserves if it were held digitally. The spark for the deep debate at the Fed is the realization that other currencies are gaining on the USDs heels despite its global dominance. Losing that dominance would mean higher costs all around. Taking the USD away from competitors while USD is still the top currency would be the smart business move, but smart business moves dont always come from governments, or businesses for that matter.

US Senator Urges Firms to Stay Aboard Libra

Whether or not you are bullish about Libra, at least one regulator has seen the light surrounding innovation. US Senator Rounds of South Dakota has recently written a letter which praised and encouraged Anchorage, the crypto custody firm, for staying the course with Libra. While PayPal, Visa, and Mastercard of the Libra Associations founding members have since caused an imbalance with their recent departures, Anchorage and others remain. In the letter, Rounds expressed his concern that regulators were taking an ominous tone towards Libra and slowing innovation. It is worth noting that the state, known for large swaths of farmland, may become a tech-hub in the future, especially so if Rounds and his cohorts continue to spearhead positive regulatory efforts.

FOCUS ETH Validator Wallets

There is a clear bullish trend since the launch of ETH. This is fairly simple: the more wallets that are opened, the more value the network has. As the cryptocurrency these wallets hold are traded more and/or used for their specific functions, the value of both those cryptos and the network as a whole rises.From an economic standpoint, keep in mind that roughly 30% of the total circulating supply has been mined, with the rest being pre-mined. Therefore, inflation is merely a minimal factor when it comes to 32 ETH being a notable amount.

The steady ascending pattern of the amount of wallets indicates an overall steady growth of the network as a whole. A non-negligible portion of these addresses are likely held by individual actors who are keeping their ETH in segmented addresses, for better or worse. This is more than just HODLers looking to stash away their ETH for a few years and wait for it to quintuple in value. The owners of the wallets represent people who are staking their principles on the success of the Ethereum network in the very long term. ETH2.0 will require 32 ETH to be a validator. The race to acquire validators for the highly anticipated ETH 2.0 Phase 0 is clearly shown in this trend. At ETHs highest USD value, a single validator would have cost nearly 45,000 USD, the current price for a future validator is closer to 6,000 USD.

Courtesy @ASvanevik

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Weekly Wrap-Up October 18th, 2019 - TheNews.Asia

Central Bank Cryptocurrency Can Arrive Faster Than You Think: ING Chief – U.Today

According to information from INGs official website, Mark Cliffe, INGs Chief Economist discussed the possibility of creating cryptocurrency by Central Banks, they may appear faster than everyone expects.

In addition to the INGs Chief Economist, the discussion was attended by ING's Lead Economist for Digital Finance, Teunis Brosens, IMF Economist, Priscilla Toffano and Phil Middleton from the central bank thinktank, OMFIF. During the conversation, it was said that the first official Central Bank cryptocurrency can be created within 5 years.

Teunis Brosens expressed the following thoughts about the existing banking system and why its own cryptocurrency will be a clear win:

The existing financial infrastructure is quite outdated. Its expensive, it takes a lot of time, compliance is difficult and the central bank digital currency could be a new single technical infrastructure which is faster, cheaper, which makes is one go very easy. So it would be a big leap forward.

Mark Cliffe himself considers cryptocurrency a necessity for banks, this is what he says:

And this might open up a range of other options for the central banks to help support another economic activity in the next downturn.

Central Banks cryptocurrencies can become an effective alternative to global stablecoins, such as Libra. In particular, banks have time to create their own digital coins due to the failures of Libra.

How do you think, how fast will it take for the first CB digital currency to come? Leave your thoughts in the comment section.

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Central Bank Cryptocurrency Can Arrive Faster Than You Think: ING Chief - U.Today

Bitcoin Price Prints Massive Red Candle After Failing to Break Above Key Resistance Level – U.Today

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think?Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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Bitcoin Price Prints Massive Red Candle After Failing to Break Above Key Resistance Level - U.Today

Bitcoin Price Could Be Headed Further Down, Forbes Analyst Says – U.Today

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think?Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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Bitcoin Price Could Be Headed Further Down, Forbes Analyst Says - U.Today

GRUDGE MATCH: ‘Dr Doom’ goes head to head with Roger Ver – Micky News

The co-founder of CC Forum Max Studennikov has unveiled one of the biggest blockchain and cryptocurrency lineups ever seen in London with Dr Doom and Roger Ver set to take part in a heated debate.

We have the biggest names in the industry, Studennikov told Trader Cobb in a podcast interview released today.

And we also have people who are just marginally connected to the blockchain industry or probably even sometimes anti (cryptocurrency), like Nouriel Roubini.

Hes coming over to take part in the heated debates with the crypto people, whore heavyweights.

On one panel you will see Nouriel Roubini debating with Roger Ver (Bitcoin.com), Brock Pierce (Bitcoin Foundation), Bobby Lee (BTCC) and Tone Vays (podcaster, analyst), all in one place.

So thats gonna be really, really exciting.

Micky and Trader Cobb are both heading over to the forum and Micky will livestream the event if circumstances permit.

Craig Cobb, who is a speaker, will also be running one of his masterclasses just before the event.

Londons CC Forum is fast becoming one of the blockchain worlds must attend conferences.

Following the inaugural event for 700 people last year, CC Forum expanded to Malta and returns to the UK greatly expanded on October 14-16.

More than 2500 guests, 100 speakers and 70 exhibitors are expected including royalty and members of the House of Lords and the European Parliament.

To put those numbers in perspective, thats more than attended Consensus in New York in May and they didnt even get a lesser known Viscount along

Studennikov told Cobb he first dreamed up the event over a beer with Vitalik Buterins former landlord Vinay Gupta (listen to the podcast for the full story about that).

Theyd agreed the event needed to focus on attracting the movers and shakers those determined to transform the world via technology.

Its not meant for entertaining the crowd, its not meant for anything superficial, he said.

Alongside the headline debate panel, other speakers include Tim Draper, Prince Michael of Liechtenstein, European MP, David Sigel, Monty Mumford and many more.

An investors hub at the event allows startups to grab five minutes each to pitch to 25 family offices and investment funds, representing around $50 billion under management.

Theres also a pitching contest with a 50,000 pound prize.

Held at the Queen Elizabeth II Conference Centre, its literally 100 metres from Big Ben and the Houses of Parliament.

With Brexit fireworks expected around that time, itll be one of the most exciting places to be in the world.

I keep saying to people, if they want to see history in its making thats the right place at the right time to come, he said.

The event has attracted a surprising number of esteemed guests including four members of the House of Lords, two members of the European Parliament, and one member of the Royal Family of Liechtenstein.

A special blockchain reception for selected members of the CC Forum will be held at the House of Lords, hosted by Lord Waverley.

That shows the extent to how important it is for the UK to retain this unique role of being the financial capital of the world and being at the spearhead of emerging technologies, he said.

For more information on CC Forum visit cc-forum.com.

Trader Cobbs masterclasses will be held in London on October 12, Malta November 9 and Singapore November 16.

Micky readers can save 25% on Businesses Passes and VIP Passes by using the code TRADERCOBB25.

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GRUDGE MATCH: 'Dr Doom' goes head to head with Roger Ver - Micky News

Executive exodus from Blockchain.com started in 2014 with Binance CEO – Decrypt

Two senior executives at Bitcoin wallet provider Blockchain.com are expected to leave the company shortly, according to a report by The Information, joining five other executives who have recently left Blockchain.com after less than a year there. Former employees have stated that Blockchain.com CEO Peter Smiths management style contributed to employee turnover.

Over the last year, five senior executives have left the company. They are: Breanne Madigan, head of institutional sales and strategy; Jamie Selway, global head of institutional markets; Katie Wells, general manager of Blockchains wallet product; George Sax, global head of security; and Michelle Bond, global head of policy.

The exodus is set to continue. According to The Information, two more senior executives are set to leave the company, Chief Operating Officer Liana Douillet Guzmn and Chris Lavery, executive vice president of finance, who have been there since 2017 and 2015 respectively.

A number of former employees told The Information that there were a range of reasons for leaving the company. Some cited a lack of opportunities for growth and some were unsure about the future direction of the company. However, seven of them pointed to Smiths leadership style as a factor. They said he, regularly belittled staff members for minor errors and also made unwelcome comments about his dating life to female employees.

Smith has previously experienced culture clash with Blockchain.com executives. Changpeng Zhao, who previously worked at Blockchain.com as Head of Development, was fired from the company in 2014. According to a former employee of Blockchain.com who spoke to Decrypt, it followed a power struggle with Smith. Zhaos tweets appear to back up this account.

Be the first to get Decrypt Members. A new type of account built on blockchain.

Blockchain.com has not responded to Decrypts request for comment by press time.

Zhaowho now operates one of the largest crypto exchanges by trading volumejoined Blockchain.com in December 2013 after meeting Bitcoin.com founder Roger Ver in Tokyo, that month. The Bitcoin Cash proponent was an investor in the company, and encouraged Zhao to get involved, and enter the crypto industry.

The team was largely decentralized, according to an interview with Zhao, but some of the eight-person strong core team operated out of a house in York, England, which Zhao visited. (The company is now located in East London). But shortly after joining as the CTO, Smith was hired as CEO.

There was a definite culture clash, recalled Keonne Rodriguez, then Blockchains product lead, in an interview with Decrypt. Zhao was let go because Smith had to assert dominance, he had to show he was the boss. Rodiguez is now CEO of Katana Crypto, which makes the Samourai wallet.

Zhao was fired in early 2014.

It was a dark moment for Zhao, who years later, uncharacteristically tweeted to Rodriguez: ...A perfectly good, and ultra high potential company, destroyed quickly by some ego... lol.

A spokesperson for Blockchain.com said that Peter Smith was among the highest rated managers at the firm in a recent survey by company employees.

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Executive exodus from Blockchain.com started in 2014 with Binance CEO - Decrypt

Twitter handle associated with Bitcoin {BTC} ridicules Roger Ver, faces flak from the community – OBN

Bitcoin Cash is ranked at #5 ahead of Litecoin and Binance Coin in the market. The price climbed at a rate of 0.05% in the course of the past 24-hours; this brought BCH all the way to $223.86 where it presently rests. The trading volume recorded stands at roughly $1.322 billion, while the supply has 18,036,363 BCH coins involved as part of the circulation. The total market cap of Bitcoin Cash amounts to $4.037 billion for now.

Let me tell you how crucial Roger Ver is as an individual within the cryptosphere. He trusted blockchain technology and Bitcoin when the majority of the world turned away. Roger was even awarded the title Bitcoin Jesus. However, Bitcoin Core forked when Vers demands of a larger block size were shot down. Since then, BTC fanatics have made it their personal mission to attack Roger on social media.

Do note that Roger was an early investor who was associated with Zcash, Blockchain.com, Kraken, and so on.

If you venture through Rogers feed on Twitter, you can discover that BCH is being accepted by restaurants in Cyprus, Slovenia, and various other nations. According to the candlestick chart linked to the BCH/USD pair on tradingview [based on data obtained from the Bitstamp exchange], buyers are trying hard to push Bitcoin Cash towards $235.5 beyond which resistance may be felt. Bitcoin Cash has successfully left the oversold zone, as the daily RSI [for 14 periods] sits at 32.

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Twitter handle associated with Bitcoin {BTC} ridicules Roger Ver, faces flak from the community - OBN

Bitcoin Cash {BCH} shoots back up; Roger Ver of Bitcoin.com harps on the necessity of fundamentals – OBN

Bitcoin Cash is ranked at #5 to the south of Tether in the market. The trading volume recorded stands at approximately $1.663 billion, whereas the supply has 18,029,250 BCH coins included as part of the circulation. The total market cap of Bitcoin Cash amounts to $4.057 billion for now. As of this moment, BCH is priced at $225.08 as a result of a growth rate of 1.39% impacting this fork of Bitcoin Core in the course of the past 24-hours.

While most of his followers agree with him, not all are fans of Bitcoin Cash. Specifically, RhythmTrader, who is a renowned Bitcoin {BTC} maximalist responded sharing a diagram depicting the comparison between the hashrates associated with Bitcoin and Bitcoin Cash. Take a look, ladies and gentlemen:

While BCH transactions can be carried out in seconds [as explained by Roger], the confirmation time is a subject of controversy. Bitcoin Cash has a scary mountain [littered with naysayers] to climb before it can actively compete against the king coin.

According to the candlestick chart connected to the BCH/USD pair on tradingview [based on data obtained from Bitstamp], this virtual currency is being influenced by sellers although buyers are back in action as of now. The daily RSI [for 14 periods] is at 28.69 which points Bitcoin Cash being oversold since 24th September. The final 6 peaks tied to the Awesome Oscillator were all formed underneath the zero line, and the brown shade possessed by them points to the prevalence of bearish momentum.

The MACD line dipped below the signal line post-23rd-September like countless other projects as a result of the recent bear-run. Although, the space between the duo has shrunk in a span of two days. Initial support can be found close to the $204.5 mark, and resistance lies adjacent to $333.5 in the market.

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Bitcoin Cash {BCH} shoots back up; Roger Ver of Bitcoin.com harps on the necessity of fundamentals - OBN

Malta AI & Blockchain Summit looks to shape the future – Times of Malta

The winter edition of the Malta A.I. & Blockchain Summit will take place on November 7 and 8 at the InterContinental Arena Conference Centre, St Julians, Malta, marking the second event in 2019 for the successful expo.

Following the sold out AIBC show at the Malta Hilton in May this year, the November edition of the AIBC Summit expects more than 10,000 attendees, 400 sponsors and exhibitors, 1,500 investors and 200 speakers, coming from more than 80 countries worldwide.

The VIP speakers wowing the crowds with debates and panel discussions at the May show included Ben Goertzel, Brock Pierce, Tone Vays, Roger Ver, Noel Sharkey, and many more.

The organisers are working with the Maltese government to highlight the opportunities on the Blockchain Island for businesses in the crypto, blockchain, AI, and emerging tech sectors. As with previous AIBC Summits, the event is expected to serve as a platform for the government to renew its commitment to the future of these sectors in Malta, with the announcement of further legislation and regulation for the AI sector a distinct possibility.

Workshops will add to the insights to be gleaned by attendees and, in addition to the new business opportunities, an AI Startup Village will provide bright new companies a chance to win support and secure investment as they present the future ideas for the industry.

The AI Startup pitch battle will return to give another selection of trailblazers the opportunity to win a life-changing cash prize.

Excitement for next years super expo foriGaming, land-based gambling, andblockchainreached new highs on in Manila with the official launch of the Manila 2020 show.

SiGMA Manila andManila AI & Blockchain Summitwill take place June 8-9, 2020 at the SMX Convention Centre, as well as the adjacent Conrad Hotel, Manila.

The conference will address all the latest developments in land-based gaming, iGaming, esports, digital games as well as Artificial Intelligence, Blockchain, Internet of Things, Big Data, Quantum Technology and FinTech.

For the very first time in history, the two verticals new tech and gaming will meet in one city on the same dates, bringing the brightest minds and most successful entrepreneurs under one roof.

As Asia tempts leading brands from the global gambling sector to expand business opportunities in the region, its fast becoming clear that Asia is the new frontier for both land-based and iGaming industries.

Recent figures from Global Gaming Statistics 2019 reveal that jurisdictions all over Asia are looking to capitalise on the global opportunities flourishing in the gaming sector. Given this trend, its crucial to foster dialogue between East and West, addressing considerations such as regulatory environments in different territories, payments processing methods, the integration of blockchain emerging technologies, and even bandwidth for mobile gaming.

Its precisely these issues that next years show in Manila will address by bringing the biggest brands and jurisdictions in the sector together in one venue.

Eman Pulis, founder and CEO of SiGMA, commented: We are impressed by the vibrant entrepreneurial spirit in South-East Asia, specifically in Manila and the Philippines. I look forward to the first edition this coming June 2020 with excitement. The feedback from our previous attendees in Europe has been overwhelming.

On June 8-9, 2020, all eyes will be on South-East Asia, in Manila for this gathering of top level delegates from all over the world.

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Malta AI & Blockchain Summit looks to shape the future - Times of Malta

The CEO of ShapeShift.com examines the pessimism prevailing in the cryptosphere – OBN

Erik Voorhees heads ShapeShift.io. He has previously been critical of Bitcoin maximalists, a group of BTC fanatics who choose to denounce every single project other than the king coin simply for existing. According to these decrepit fools, Bitcoin marks the beginning and the end of the cryptosphere.

Take a look at this recent tweet:

If you venture through this mans profile you will notice that he is a knowledgable human being who aims to foster positivity amongst all traders, HODLers, scattered across the globe. A peacemaker like him is necessary for an atmosphere littered with ignorant maniacs hell-bent on imposing their opinion everywhere they go.

ShapeShift is headquartered in Switzerland, a European nation whose pro-blockchain regulations have attracted the attention of loads of crypto-enthusiasts. Early investors include Roger Ver [of Bitcoin.com] and Barry Silbert. Back in 2016, Shapeshift.io encountered a few problems as attackers decided to raid their hot wallets. Since 2017, the top-ranked network has managed to stay out of trouble.

Cosmos is ranked at #22 to the north of USD Coin and Maker in the market. In the course of the past 24-hours, the price jumped up by 4.14% which led to $ATOM soaring all the way up to $2.64 where it presently rests. The trading volume recorded stands at roughly $92.859 million, while the supply has 190,688,439 ATOM coins in play as of this instant. The total market cap of Cosmos amounts to $503.001 million for now.

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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The CEO of ShapeShift.com examines the pessimism prevailing in the cryptosphere - OBN

Bitcoin Jesus uploads new video via Bitcoin.coms official channel, showcases the slow speed linked to Bitcoin Core transactions – OBN

Bitcoin Cash is ranked at #5 in the market, ahead of Litecoin. The trading volume recorded stand at roughly $1.8 billion, while the supply has 18,027,438 BCH coins involved as part of circulation. The total market cap of Bitcoin Cash amounts to $3.993 billion for now. The price grew at a rate of 2.88% in the course of the past 24-hours; this brought BCH all the way up to $221.54 where it currently rests.

This tweet put up a few days ago enunciates the condition of altcoins languishing as a result of powerful sellers stepping up their activities.

According to the candlestick chart connected to the BCH/USD pair on tradingview [based on the data obtained from Bitstamp], the digital asset is being backed by sellers but buyers are trying hard to help it consolidate. The MACD line has soared underneath the signal line since 24th September, although the gap between the two depicts a slight reduction in comparison to yesterdays condition.

The daily RSI [for 14 periods] is at 26.09 which shows that Bitcoin Cash is being oversold. In the aftermath of 23rd, the Relative Strength Index ventured beneath the mark at 30, away from the neutral zone. Support lies near $204, and resistance can be found close to the $292 mark. The Ichimoku Cloud looks astronomically thin [the crimson color depicts the presence of bearish momentum].

Roger Ver has been a tremendous crypto-enthusiast; he was the one of the first few who chose to invest in Bitinstant, Ripple, and numerous other startups which were inspired by Bitcoin. He broke away from the Core team, as his demands of bringing in a larger block size werent met.

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Bitcoin Jesus uploads new video via Bitcoin.coms official channel, showcases the slow speed linked to Bitcoin Core transactions - OBN

Roger Ver plans to launch Bitcoin Cash derivatives platform – Yahoo Finance

Bitcoin Cash head honcho Roger Ver has revealed plans to launch a BCH derivatives market alongside the newly-launched Bitcoin.com exchange.

According to Bloomberg, who spoke to the exchanges chief executive David Shin, the launch of new financial products is a way of increasing the trading volume of Bitcoin Cash to make it comparable with Bitcoin itself.

Within a year, I want to make that the second- or third-largest market cap, Shin said.

To get from No. 4 to No. 3 or No. 2, we have to see more volume.

In terms of the exchange, there are currently plans to list BCH futures on a CFTC-regulated market to increase interest from institutional traders.

Well try to list a BCH future on one of these exchanges thats CFTC regulated to, therefore, have a product that can be traded into the US with institutional traders, Shin told Bloomberg.

In theory, we should see more penetration, more users, more trading, and more volume.

Coin Rivet reported on Bitcoin.coms exchange launch last week, with offerings of peer-to-peer local transactions and the ability to trade without going through KYC requirements.

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The post Roger Ver plans to launch Bitcoin Cash derivatives platform appeared first on Coin Rivet.

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Roger Ver plans to launch Bitcoin Cash derivatives platform - Yahoo Finance

Cryptos Free Market Obeys Nobody, Not Even Roger Ver – Crypto Briefing

Say what you like about Roger Ver, but he certainly doesnt suffer from false modesty. The founder of Bitcoin.com recently took to YouTube with a series of short videos about his young life, early business forays, and eventual shift from evangelizing for Bitcoin to his now-favorite cryptocurrency, Bitcoin Cash.

The video series is an enlightening testament to free trade and an illustration of market principles, and we recommend it to anyone who wants to understand the role of Bitcoin in the cryptocurrency market. Especially Roger Ver.

Beginning the video series, Ver shares about his childhood inspiration and recognition of free market principles. He saw the problems of inflation in a rigged economy at an early age when his fifth grade teacher, presumably named Lindy, issued Lindy Land Dollars to motivate students to carry out tasks around the classroom.

A young Ver saw opportunities to take advantage of the flawed currency system, explaining that many students did not understand that the actual exchange rate from a Lindy Land dollar to USD was maybe 50 to 1.

Kids would bring in cookies or Rice Krispie treats and sell them for one Lindy Land dollar a bargain when compared to their value in USD. Ver laughingly explains how he bought up all the treats and cornered the market, after which he jacked up prices.

It was a fun learning experience, Ver says, until Lindy Land began suffering from hyperinflation. Despite recognizing the economic problem, Ver overlooked the fact that he himself was instrumental in monopolizing the market, taking advantage of naive classmates to make a quick buck.

You have to give Ver credit, though he certainly demonstrated an entrepreneurial spirit from an early age. In junior high, he made 20 or 30 dollars a week selling candy bars to classmates for profit after picking them up at Costco at bulk prices. For a junior high school kid, that was a lot of moneyVer says.

But business really took off when young Roger got into computer sales. Ver bought a mass order of hard drives on the cheap, knowing he could turn around and sell them at quadruple the price to other buyers. Selling the equipment on eBay, he made $4,000 in his first week. Thats when he realized he was on to something, dropped out of college, and started his computer parts ordering business.

Vers adage throughout his business career was to take a product from where theyre worth less and move them to where theyre worth more. He shares numerous examples of moving products from one market where they are cheap to another market where they are more expensive, including the sales of Beanie Babies and other miscellaneous goods.

I can buy them over here where theyre worth less and sell them over here where theyre worth more, Ver explains. He applied this profit-making principle to a wide variety of goods. Business was booming, until he tried the same sales strategy with firecrackers.

Ver experienced a devastating setback when he was arrested and imprisoned for the illegal sale of fireworks. It was a sad day letting go of his staff, Ver said. His mother helped keep the business running during his time in prison.

Not to be defeated, Ver got back to the grind, even managing to make a few business deals while in prison by making phone calls between buyers, sellers, and his mother. He learned of the many specialized jobs in the secret prison economy.

It was against the rules to trade, but the prisoners found ways to make it happen anyway.[I]f we werent able to trade with each other, Ver says, prison would have been much more difficult.

The prison economy helped Ver to see the function of money and why Bitcoin could work. When Bitcoin came along, I knew I knew people were gonna start using it as money, Ver says.

This is the part most viewers are waiting for. Ver digs into the flaws of Bitcoin (BTC) as opposed to Bitcoin Cash, saying that the notion of acting as a store of value without also being usable as cash is nonsense. He promotes Bitcoin Cash as being superior, as it genuinely meets the descriptor of peer-to-peer electronic cash, and is useful in commerce, he says.

Bitcoin Cash thus has greater utility and therefore more value as money, Ver says. Bitcoin needs to be fast, cheap and reliable, if we want people to use this as money and sadly my side of the argument lost out.

Congratulations, guys, Ver adds sarcastically, You made Bitcoin slow, expensive and unreliable in commerce.

This is where Ver arrives at a contradiction. Throughout the videos, Ver promotes the ideals and principles of free trade, without interference or control from outside forces. Yet, he is not willing to accept that the free market is already at work, in the fall of Bitcoin Cash and the rise of Bitcoin dominance.

The free market has plainly and unemotionally decided that it wants more Bitcoin and less Bitcoin Cash. No matter how much Ver insists that Bitcoin Cash is the superior solution, the free market has chosen otherwise.

source: CoinMarketCap

In the early stages of the Bitcoin Cash fork, markets struggled to decide on the superior technology, and prices indicated that many felt Bitcoin Cash might be the better option. At one point, BCH traded for thousands of dollars.

Over the course of time, however, it has become more clear that the market prefers Bitcoin (BTC) which is now trading steadily around $10,000 USD. Bitcoin Cash has lost the free market battle. And the free market is the only force that gets to decide.

Perhaps Ver is simply up to his old tricks, taking advantage of ignorant buyers with clever sales tactics. He brags repeatedly about past successes, in which he exploited irrational markets, and preyed on the ignorance of buyers to garner a profit. Is the Bitcoin Cash sales ploy any different?

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Cryptos Free Market Obeys Nobody, Not Even Roger Ver - Crypto Briefing

Roger Ver Wants To Pay You To Trade On His New Bitcoin.com Exchange – Benzinga

In a move resembling the plot from Brewsters Millions, Roger Ver is promoting his new digital asset exchange with an intriguing pitch: trading fees of negative 0.3%, for the first three months, up to a cumulative giveaway of $1 million.

In short, Bitcoin Jesus wants to pay you to trade.

The move is part of a host of promotional efforts designed to entice traders to move to exchange.Bitcoin.com, which sees Bitcoin.com further diversify from its core proposition as a BCH-focused news outlet, with a mobile bitcoin wallet, peer-to-peer trading and gaming already established.

The exchange will host trading pairs for popular cryptocurrencies including litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), DASH and EOS, with markets denominated in four base currencies: bitcoin cash (BCH), ethereum (ETH), bitcoin core (BTC), and tether (USDT).

Bitcoin.com has declared its intention to add support for selected SLP tokens in the near future, which are the Bitcoin Cash equivalent of Ethereums ERC20 standard. In terms of security, the exchange enforces the usual provisions: 2FA and IP whitelisting primarily.

Although the crypto community will view exchange.Bitcoin.com as Roger Vers baby, the man once known as Bitcoin Jesus is no longer the de facto boss, it should be noted. CEO Stefan Rust took over the reins last month, with Ver taking on the role of Executive Chairman. Aside from attracting BCH proponents, the exchange is likely to appeal to traders at least in the short-term who are lured by the negative trading fees, and the fact that the exchange is one of the few platforms that doesnt enforce KYC.

Danish Chaudhry, Managing Director of Bitcoin.com, outlined the strategy which, with the help of Roger Vers deep pockets, will attempt to buy customers from industry giants Coinbase and Binance. Chaudhry said: Bitcoin.com is one of the most trusted brands in the industry. Weve been on a mission to make crypto usable for all.

With 11,000 traders already signed up and registered, that mission appears to be gathering pace. Those who wish to take advantage of the promotion will need to join before December, when the offer is set to expire. Unlike Brewster, the negative trading fees promo is a cash giveaway that shouldnt bankrupt Ver any time soon.Image Sourced from Pixabay

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Roger Ver Wants To Pay You To Trade On His New Bitcoin.com Exchange - Benzinga

Roger Vers Next Big Step: Bitcoin.com Unveils Its Own Cryptocurrency Exchange – CryptoNewsZ

This year, the cryptocurrency exchanges landscape has matured significantly. Not only the number of exchanges have multiplied, but the quality and diversity of exchanges have also progressed, offering people an unprecedented number of venues to choose from.

With the growth of Coinbase, Binance and the glut of other platforms that have followed since, enterprising newcomers, have begun to introduce innovative features to differentiate themselves in key benchmarks.

Bitcoin.com, the leading crypto community that promotes news and lots of other information on Bitcoin and Bitcoin Cash, unveils its new cryptocurrency exchange to the world. Launched today, the new Bitcoin exchange, addressed exchange.bitcoin.com, is offering a wide variety of promotional offers to attract traders to its platform. For three months from today, users who pre-registered are offered a 25% discount on all trading fees. With every transaction executed on the platform, the users also stand a chance to win over $10,000 in prizes. In addition, the pre-registered accounts have also been rewarded with negative 0.3 percent trading fees on every transaction for the upcoming three months. This implies that, unlike other exchanges, every time traders execute a transaction on the new Bitcoin.com exchange, theyll earn a certain percentage as an incentive.

Roger Ver aka Bitcoin Jesus, the man behind Bitcoin.com who later shifted to supporting Bitcoin Cash, has been subjected to strong criticism by the crypto community right before the launch of his new exchange. On Twitter, thousands of crypto enthusiasts and advocates expressed their lack of trust in this new exchange on Bitcoin.com. Some are even accusing Ver of scamming people and exploiting the influence of the platform to wash trade BCH.

In a tweet, the controversial Twitter account, @Bitcoin, compared Vers new exchange with MtGoxa failed Bitcoin exchange from Japan that declared bankruptcy in 2014. MtGox, which also at one point used to be the worlds largest crypto exchange, later was accused of a theft involving around 850,000 Bitcoins being stolen from its wallet.

However, Danish Chaudhry, MD of the new exchange seems to be hopeful about competing against the more established exchanges, like Coinbase and Binance. He said,

Crypto is all about accessibility to the financial system. And, Bitcoin.com is one of the most trusted brands in the industry. Weve had a great reception from the community already with over 11,000 pre-registers. Were on a mission to make crypto usable for all.

The Bitcoin.com exchange, as Chaudhry explains, will also offer robust security features, cold-storage options, institutional-grade encryption, as well as two-factor authentication.

Having evolved from another news website, Bitcoin.com launched its mobile wallet for BTC and BCH in August 2017, which claims to have had over 2 million downloads. In June of this year, the company launched its first peer-to-peer trading platform for BCH.

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Roger Vers Next Big Step: Bitcoin.com Unveils Its Own Cryptocurrency Exchange - CryptoNewsZ

Craig Wright enters settlement talks in $10 billion Bitcoin lawsuit – Yahoo Finance

Self-proclaimed bitcoin inventor Craig Wright is in settlement talks with the estate of Dave Kleiman, which is suing him in a bombshell $10 billion lawsuit.

Both the Kleiman estate and Wright have asked the judge for a 30-day extension of all case deadlines to facilitate their settlement talks, according to a September 17 filing in Florida federal court.

The parties have been engaged in extensive settlement negotiations and have reached a non-binding agreement in principle to settle this matter, according to the joint motion.

Both the Kleiman estate and Craig Wright underscored that reaching a final binding settlement agreement is in both of their best interests.

The ten billion-dollar lawsuit was first launched over a year ago when Ira Kleiman, Daves brother, sued the self-proclaimed inventor of Bitcoin for allegedly defrauding the Kleiman family of their rightful claim to 1.1 million bitcoins following Dave Kleimans death in April 2013. Those bitcoins are now worth more than $11 billion.

On August 27, Judge Bruce E. Reinhart recommended that 50 percent of Wrights Bitcoin holdings mined prior to December 31, 2013 be awarded to the estate of Wrights former business partner Dave Kleiman.

In his ruling, the judge slammed Wright, saying he had lied, committed perjury, and falsified documents to hide the bitcoin stash that he and Dave Kleiman had allegedly mined together.

UK court strikes down Craig Wrights Roger Ver defamation lawsuit

Three days after Reinharts ruling, Wright indicated that he planned to challenge it in court. It seems he might have had a change of heart.

This isnt surprising since both Judge Reinhart and federal district judge Beth Bloom (whos presiding over the lawsuit) said they found Wright not credible in a number of instances.

Wright has repeatedly claimed that he is Satoshi Nakamoto, the inventor of Bitcoin. Proponents of Wright, such as Calvin Ayre, used the lawsuit as evidence that he was part of the team that created Bitcoin.

Additionally, the Kleiman estate acknowledged in its lawsuit that Craig Wright and/or Dave Kleiman could be Satoshi and could have invented Bitcoin when they started working on it in 2008.

And according to records from the 2018 lawsuit: It is unclear whether Craig, Dave, and/or both created Bitcoin. It is undeniable, however, that Craig and Dave were involved in Bitcoin from its inception and that they both accumulated a vast wealth of bitcoins from 2009 through 2013.

But last month Judge Reinhart made no judgment to whether Craig Wright is Satoshi. And with settlement talks now in motion, he likely never will. The search for Satoshi continues.

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Craig Wright enters settlement talks in $10 billion Bitcoin lawsuit - Yahoo Finance