Chainlink is not a household name, but it may eventually play a role in making cryptocurrencies more popularly used. So far, the project's technology has been used in big partnerships, including most recently getting involved in one with Thomson Reuters, thanks to its solutions that connect on-chain smart contracts with real-world information.

To understand the significance of Chainlink, or LINK, it's necessary to understand the team's core technology: Oracles, which allow blockchainsto interact with external data.

Blockchain oracles are an essential enhancement to existing blockchain-based technologies, enabling these "closed" systems to use real-world information in their operations. Chainlink is a decentralized oracle service, referring to itself as "blockchain middleware," connecting on-chain smart contracts with off-chain, real-world data.

LINK has become the primary source for blockchain oracle services, having created both a reliable oracle network to connect blockchains to the outside world as well as a flexible framework for developers to integrate the technology as required by their respective chains. The team has announced dozens of partnerships with leading projects across the industry.

On June 13, for example, Alphabet's Google (GOOGL - Get Report) Cloud developer advocate, Allen Day, released a blog post explaining how Chainlink's blockchain oracle services could be used to enable communication between Ethereum smart contracts and Google's Big Query cloud data warehouse. The integration of Chainlink into the tech giants' approach to smart contracts was a major development for the project and crypto as a whole.

Since then, Chainlink has continued to deepen its ties across the crypto industry, using its stellar reputation and technology to land news partnerships.

Most recently, on Oct. 17, Canadian media giant Thomson Reuters announced it would bring its Contract Express document automation service, currently popular with law firms and corporations, to the Ethereum blockchain using Chainlink oracle services. The Proof of Concept, named Smart Contract Express, is the product of a partnership between Reuters and OpenLaw, a team building an open source protocol for automating legal agreements.

LINK's Fundamental Crypto Asset Score, or FCAS, climbed 22-points (2.69%) over the last 30 days. Fundamentals are up across the board, including a 21-point (2.58%) spike in User Activity, 15-point (1.81%) jump in Developer Behavior, and an 71-point (9.33%) rise in Market Maturity. Price is up 29.22% over the same time period.

From a micro perspective, Chainlink is serving as a catalyst for new and exciting integrations of blockchain technology into areas dominated by more traditional solutions. Moreover, the LINK team has been hard at work developing a framework that would enable enterprise-level adoption on a broader scale.

From a macro perspective, the crypto and blockchain industry has not yet seen a breakthrough "iPhone moment" to serve as a model for the rest of its participants. What is emerging are practical implementations, that, while not yet having a sexy "killer application," are quite possibly where blockchain tech proliferates before bubbling up to more mainstream solutions.

Read the rest here:
Cryptocurrency in Focus: A LINK to the Mainstream - TheStreet.com

In a recent publication by Google, the tech behemoth claims to have achieved quantum supremacy through its Sycamore quantum chip. Quantum supremacy essentially means the ability for a device to solve problems that traditional supercomputers cannot practically process.

While that might be good for technological advancements, the development has brought about uncertainties for the future of bitcoin and cryptocurrency in general. Some fear that the scaling of quantum computers could make Bitcoins cryptography hackable or breakable.

Google claims that its quantum computer completed a calculation in 200 seconds a calculation that would have taken todays top supercomputer 10,000 years to solve.

As reported by Gizmodo, Google has been testing a 72-qubit device named Bristlecone, with the aim of achieving quantum dominance. The Financial Times later clarified that the device was actually a 53-qubit processor called Sycamore.

The man who coined the word Quantum Supremacy in 2012, a California Institute of Technology professor named John Preskill, said that it is a truly impressive achievement in experimental physics.

However, experts believe that Googles quantum computing development is still in its early stages. Preskill said The problem their machine solves with astounding speed has been very carefully chosen just for the purpose of demonstrating the quantum computers superiority, and the problem of commercial scalability should put the mind of the crypto-verse at rest.

The blockchain security concerns that Googles quantum computer bring, point to a new wave of blockchain technology that is reportedly resistant to quantum computing. For example, the founder of E-cash, David Chaum, is doing that with his new cryptocurrency, Praxxis. Chaum had this to say about Googles latest breakthrough:

The notion of Google achieving a quantum breakthrough sounds very dramatic, but in reality, its hard to gauge the significance at this time. How can we be sure that Googles quantum computer is more powerful than D-waves, for example, which surpassed 1,000 qubits four years ago?

Do you believe that Googles latest quantum computer developments will soon begin to impact the cryptocurrency market? Let us know your thoughts in the comments below.

Images courtesy of Shutterstock.

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See the article here:
Googles Quantum Computing Breakthrough Is Striking Fear in the Cryptocurrency Industry - BeInCrypto

Law360 (October 25, 2019, 4:02 PM EDT) -- With the widespread arrival of initial coin offerings over the last several years,[1] U.S. authorities have made deliberate progress toward keeping pace with the fast-growing crypto industry.[2]

The U.S. Department of the Treasurys Office of Foreign Assets Control has arguably been slower to action than either the U.S. Department of Justice or the U.S. Securities and Exchange Commission, both of which have taken an aggressive approach resulting in high-dollar settlements.[3]

With that said, however, OFAC has more recently taken steps that suggest cryptocurrency regulation and enforcement will be a high-priority item moving forward.

OFACs Historical Regulation of Cryptocurrency

OFAC first demonstrated...

In the legal profession, information is the key to success. You have to know whats happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

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See the article here:
4 Ways To Address Rising OFAC Cryptocurrency Oversight - Law360

The last several days have been nothing but eventful for the cryptocurrency community. A few days ago, Chinas president, Xi Jinping, urged the country to adopt blockchain technology to drive technological innovation. The announcement seems to have generated interest in the cryptocurrency and blockchain industry, especially within China. Shortly afterward, all cryptocurrencies experienced double-digit price increases.

WeChat, a Chinese multi-purpose app, recorded an immense surge in blockchain-related search topics on its platform. On the 23rd of October, the word blockchain was searched for less than 800,000 times, and Bitcoin was searched for less than 600,000 times. On October 25th, the day of the Chinese presidents announcement, there were 9.2 million searches for Blockchain and 1.3 million for Bitcoin.

Xis announcement was followed by the introduction of a new cryptography law, which will go into effect at the start of 2020.

According to state media, the cryptography [law] is aimed at standardizing the application and management of passwords, promoting the development of the password business, ensuring network and information security, and improving the scientific, standardized, and legalized level of password management.

While the previously published draft didnt mention blockchain tech, cryptography is an important component of the technology. Its often used to link sets of records, or blocks.

China seems to be more open-minded these days toward blockchain, even though cryptocurrency trading is still banned in the country. Back in August, the country announced that it would launch a government-backed cryptocurrency this November.

Amid the rising interest, Bitcoins price skyrocketed over 40% to a 30-day high of $10,350. The spike was followed by the typical volatility of the crypto markets, as it came just days after the price plunged to $7,300, which was the lowest it had been since May of this year. All in all, the last few days have seen significant gains for all cryptocurrencies.

While the community contemplates the future of the crypto markets and the possible reasons for the recent move, the most commonly used word for explaining the surge has been China. As its the second-largest economy in the world in terms of GDP, news from the countrys officials could have a tremendous impact on the market.

View post:
WeChat Search Volume For Blockchain Spiked 1,200% Following The New Chinese Cryptocurrency Laws - CryptoPotato

Enwinis warning customers about a new scam targeting customers with attempts to extort money through Bitcoin and other cryptocurrency.

Customers in other partsof Ontario have received calls saying they owemoney to a utility company, then demanding they go to an address where there is a cryptocurrency machine.

Customers would then likely buy the cryptocurrency and send it to the scammer, losing money in the process said Barbara Peirce Marshall, manager of corporate communication for Enwin.

Crypotcurrency is encrypted and decentralized, meaning the creation of coins and transactions are verified by a type of crypotgraphy, eliminating the need for a middle man like a bank.

"We have a process that we follow when customers have outstanding bills, so there are a series of notifications to the customer," said Marshall.

These notices would be sent either through mail or email depending on how the customer is set up with the company.

"We follow all the regulations set by the Ontario Energy Board for that," said Marshall. "Customers will know without anyone calling and asking them to go pay in a certain way at a certain time."

Marshall said there have been no scam attempts of this nature in Windsor, but warns customers in the area to be on guard.

Enwin does not currently accept Bitcoin or any cryptocurrency as a form of payment.

Customers who may have been contacted are asked to contact Enwin and the police.

Read the rest here:
Enwin warns customers about crypto scam, says it doesn't take that form of payment - CBC.ca

The FM said lawmakers from other nations at the IMF meeting also recommended extreme caution

Facebooks Libra was one of the hot topics at the annual IMF meeting, Sitharaman claimed

Terror funding and money laundering are the two major concerns around cryptocurrency for the IMF

Even as India is looking to create a concrete policy on cryptocurrency amid the current ban on trading and possession, finance minister Nirmala Sitharaman said the Indian government has already received several red flags from other nations, which vindicate its stance on virtual currencies.

Sitharaman, who is currently at the 40th meeting of the International Monetary and Financial Committee (IMFC) in the US, said that many global leaders and policy makers agreed with Indias contention that even though using cryptocurrencies might have their benefits, but there needs to be extreme caution before doing something to legalise the same.

According to a PTI report, Reserve Bank of India (RBI) governor Shantikanta Das spoke about Indias concerns regarding cryptocurrencies at one of the interventions at the meet.

The finance minister also added that Facebooks controversial cryptocurrency project Libra was one of the hot topics at the annual meeting.

Kristalina Georgieva, managing director of the IMF, said the organisation is taking a balanced approach in this matter as ease of use, cost savings, and most importantly, financial inclusion are some of the very important perks of cryptocurrencies. However, she is also aware about the risk virtual currencies can bring in terms of privacy.

We are not specifically focusing on Libra. We are looking into, one, the inevitability of expanding digital money on the wave of the digital revolution, but then the necessity to do so, mindful of monetary stability, Georgieva said.

Moreover, she added that cryptocurrencies come with the scope of terror funding and other illegal activities. She assured that the IMF is engaging with other organisations like the Financial Stability Board, the European Central Bank to explore more benefits and risks involved in the use of cryptocurrencies.

India is planning a ban on cryptocurrency and other crypto assets in the draft bill, and is currently looking to pass Banning of Cryptocurrency and Regulations of Official Digital Currency Bill, 2019. The bill recommends a jail terms and steep penalties for those who mine, hold, transact or deal with cryptocurrencies in any form, whether directly or indirectly through an exchange or trading.

The bill also proposed that cryptocurrencies holders will be mandated to declare and dispose of it within 90 days from the date of commencement of the act.

Update: October 21, 2019 | 3:18 PM

An earlier version of the story had inaccurately stated that India had banned cryptocurrency, whereas that is an oversimplification of the official government policy, which is yet to be finalised. We have changed the article accordingly.

Read more here:
Sitharaman Says Other Nations Agree With Indias Stance On Cryptocurrency - Inc42 Media

From a business perspective, its helpful to think of blockchain technology as a type of next-generation business process improvement software. Collaborative technology, such as blockchain, promises the ability to improve the business processes that occur between companies, radically lowering the cost of trust. For this reason, it may offer significantly higher returns for each investment dollar spent than most traditional internal investments.

Financial institutions are exploring how they could also use blockchain technology to upend everything from clearing and settlement to insurance. These articles will help you understand these changesand what you should do about them.

For an overview of cryptocurrency, start with Money is no object from 2015. We explore the early days of bitcoin and provide survey data on consumer familiarity, usage, and more. We also look at how market participants, such as investors, technology providers, and financial institutions, will be affected as the market matures.

For a deeper dive into cryptocurrencies, we recommend that you read the following:

Carving up crypto provides an overview of how regulators are thinking about cryptocurrency in financial services, both in the United States and abroad.

In Cryptocurrencies: Time to consider plan B, we explore possible avenues for accounting treatment on cryptocurrencies.

For board members, Ten questions every board should ask about cryptocurrencies suggests questions to consider when engaging in a conversation about the strategic potential of cryptocurrencies.

For an overview of blockchain in financial services, visit this page: Blockchain in financial services. We examine some of the ways FS firms are using blockchain, and how we expect the blockchain technology to develop in the future. Blockchain isnt a cure-all, but there are clearly many problems for which this technology is the ideal solution.

For a deeper dive on specific topics related to blockchain, we recommend:

A strategists guide to blockchain examines the potential benefits of this important innovationand also suggests a way forward for financial institutions. Explore how others might try to disrupt your business with blockchain technology, and how your company could use it to leap ahead instead.

Building blocks: How financial services can create trust in blockchain discusses some of the issues internal audit and other parties may have with a blockchain solution, and how you can start to overcome some of those concerns.

Our Global Blockchain Survey explores the current state of the technology across all sectors and geographies.

Many skeptics are beginning to wonder if the year of blockchain will ever really arrive. Blockchain announcements continue to occur, although they are less frequent and happen with less fanfare than they did a few years ago. Still, blockchain technology has the potential to result in a radically different competitive future for the financial services industry.

Go here to read the rest:
Making sense of bitcoin, cryptocurrency and blockchain - PwC

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UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.

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Disclaimer: Highly volatile investment product. Your capital is at risk.Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.

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With options to buy bitcoin and popular altcoins through credit card, wire transfer and more, BitfFyer offers users the choice of paying with cryptocurrency or USD, EUR and JPY.

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CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.

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Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.

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A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.

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Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.

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Owned by the team behind Huobi.pro, HADAX lets users vote for cryptocurrencies it should list.

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View post:
Top crypto exchanges for 2019 [40+ compared] | Finder.com

Over 1M investors from over 190 countries already use Coinmama for making cryptocurrency investments, thanks largely to our 24/7 customer service.

Do you wish to buy cryptocurrency instantly? Coinmama has created. Simplified procedure for you! You can now buy cryptocurrency by doing the following:

Sign up with Coinmama and create your account. It takes just a few minutes! A confirmation link will be sent to your email once you are done.

You need to verify your account before buying cryptocurrency. This involves the uploading of your passport, national ID or other documents based on your preferred level of verification. Once processed, approved and cleared, you can buy cryptocurrency for up to 15,000 USD with your credit or debit card.

Log in to the Coinmama account you created earlier, enter the desired wallet address, fill out the form and buy cryptocurrency.

Dont have a credit card at your disposal? You can also buy cryptocurrency with debit card! Coinmama accepts payments via Visa and Mastercard. American Express, Discover and PayPal are currently not accepted. Regardless of your preferred method of payment, just make sure that the card belongs to you.

To learn more about how to buy cryptocurrency, visit our Knowledge Base.

You can now buy cryptocurrency with bank transfer! We currently accept orders of up to 12,000 USD per business day, offering higher spending limits and lower fees.You can now buy cryptocurrency with bank transfer! We currently accept orders of up to 12,000 USD per business day, offering higher spending limits and lower fees.

Please note that this method is available through SEPA bank transfer in Europe and through SWIFT transfer in the rest of the world.

Cryptocurrency is a general name referring to all encrypted decentralized digital currencies such as Bitcoin, Litecoin, Ethereum and Ethereum Classic. They use cryptography to create coins and secure transactions. Typically, cryptocurrencies are open source and the transactions are based on blockchain technology.

Cryptocurrencies are traded via wallets, which are used to store, send, and receive digital currency. Most coins have an official wallet or a few officially recommended third-party wallets. You cannot invest in any cryptocurrency without using a dedicated cryptocurrency wallet.

With Coinmama, you can skip complex processes like mining and just buy cryptocurrency securely with your credit or debit card. Lets get started!

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Buy Cryptocurrency with Credit Card or Bank Transfer now ...

Daniel Harris Major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. Its growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading Bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Rated #1 out of 40+ tested brokers.

Plus500 is one of the most known names in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/Sell Bitcoin on Plus500 in addition to buying stocks, commodities, forex etc. Plus500 is the most complete trading platform.

Plus500 Pros:

Plus500 Cons:

80.6% of retail CFD accounts lose money. Plus500CY Ltd authorized & regulated by CySEC (#250/14).

Rated #2 out of 40+ tested brokers.

eToro is a really popular trading site. They have been around since 2006. eToro is regulated by CYSEC, FCA and ASIC.

Buy/Sell Bitcoin on eToro in addition to buying stocks, commodities, forex etc. eToro is the most complete trading platform.

eToro Pros:

eToro Cons:

eToro Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider.

Rated #3 out of 40+ tested brokers.

If you dont want to make a huge initial investment, then IQ Option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

IQ Option Pros:

IQ Option Cons:

Rated #4 out of 40+ tested brokers.

Due to regulation HighLow stopped accepting traders from the EU and UK.

Highlow is an Australian trading broker (AFSL No.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

Ive been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you dont have to download any software. This platform is stable and safe (they use SSL).

I have also tried the iOS app and the android app. They are great, but I just dont like trading on smartphones in general.

The payouts on Highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Highlow Pros:

Highlow Cons:

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

These are the best brokers with low minimum deposit requirements:

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

Weve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

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Plus500 Disclaimer: 80.6% of retail CFD accounts lose money.eToro Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider.

You still cant decide which broker is best for you?

Is Leverage Really Necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative Balance Protection: It is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How Suitable Is The Required Capital For You? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow Spreads for the Win: Let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like Bitcoin (official site), Litecoin (official site), or Ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like Monero, IOTA, or Zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

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Plus500 Disclaimer: 80.6% of retail CFD accounts lose money.eToro Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider.

No broker is perfect.

Here are some features that these broker have or dont:

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What Are The Weekend Hours Like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (Why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How Is It Hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

Commissions and Trading On Margin An important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or CFDs. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of Market Data Aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by Feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto CFDs.

Are Short Sales Available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer long only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You dont have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Sign up now and see for yourself how easy it is to get started.

More here:
Best 10 Cryptocurrency Brokers - Updated for 2019 (Safe ...