Despite skepticism from prominent lawyers and Wall Street analysts, bitcoin investors are increasingly confident the Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds currently under consideration.

Pricing in futures contracts traded on BitMEX, a popular exchange that is incorporated in the Republic of Seychelles, as well as the rapidly declining premium for shares of the Grayscale Bitcoin Trust traded on the secondary market suggest that some market participants are bracing for approval, said Spencer Bogart, an analyst at Needham & Co. Bogart is one of the few Wall Street analysts who cover Bitcoin.

The trusts premium over bitcoins net asset value has shrunk from about 42.21% in early January to about 13% in recent trade, according to data provided by Grayscale.

The shrinking premium suggests investors are less willing to pay for shares of the trust because they expect one of the ETFs to be approved in the near future, Bogart said. Shares of a bitcoin ETF would likely trade much closer to the cryptocurrencys net asset value, bitcoin watchers said.

The trading activity is at odds with the likelihood of approval tabulated by Bogart, who places it at less than 25%. Last month, a former lawyer for Gemini Trading, the bitcoin exchange operated by Tyler and Cameron Winklevoss, said he believed the SEC wouldn't approve the creation of a bitcoin exchange-traded fund. The SEC has said it would issue a ruling on the Winklevosss proposed bitcoin ETF, known as the Winklevoss Bitcoin Trust, by March 11.

Read: Final rule on proposed bitcoin ETF to come in March

Read: And 2016s best-performing commodity is ... bitcoin?

Plus: Bitcoin price falls as Chinese authorities meet with exchanges

BitMEX recently launched a futures contract that allows investors to bet on the odds that the Winklevoss ETF will be approved. It is presently trading around 33.3, indicating that the thinly traded market is pricing in about a 33% chance of approval, which is higher than what Bogart expects. BitMEX couldn't be reached for immediate comment.

A few weeks ago, Grayscale, which launched the Bitcoin Investment Trust in 2013, filed for an initial public offering that would allow its trust to trade as an ETF on the New York Stock Exchange. The Grayscale bitcoin trust is presently one of the few registered investment vehicles available to financial institutions. A company known as SolidX has also filed for a bitcoin ETF.

Bogart believes that if an ETF is approved, more than $300 million of new institutional capital would flood the bitcoin ecosystem during the first week alone. Such an influx would likely cause the price of a single coin to skyrocket. Typically, trading volume in the global bitcoin market measures less than $100 million a day.

Read: Path to Bitcoin ETF still uncertain but may be easier under Trump

Dont miss: Bitcoin could soar if the Winklevoss ETF is approved

Chris Burniske, blockchain products lead at ARK Invest, believes that the decline in the Grayscale bitcoin trusts premium may suggest that investors are taking a wait-and-see approach ahead of the SECs decision. ARK holds shares in the trust.

The Grayscale trust, which is a taxable registered security, may appeal to institutions as well as individuals who want to add bitcoin to their retirement accounts, Burniske said. The fund was first launched in 2013. Only accredited investors can invest directly in the trust; for others, shares are traded on the secondary market. The trusts market capitalization was $205.6 million as of last week, according to company data.

Grayscale, which filed for the funds IPO on Jan. 20, declined to comment further, citing restrictions imposed by federal securities laws.

The price of a single bitcoin US:BTCUSD fell 1% on Monday to $991, in January it briefly traded at $1,100its highest level in more than three years. By comparison, one share of the Grayscale trust GBTC, +0.05% , meanwhile, traded at $105.50.

See the article here:
Bitcoin investors bet the SEC will approve cryptocurrency ETF a view at odds with analysts - MarketWatch

Lykke, a Zurich-based Fintech firm that wants to become the worlds first regulated marketplace built on cryptographic technology is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount on the cryptocurrency if you hold it for a whole year.

The forward contract operates pretty much like other forward contracts except Lykke says it will offer settlement at the run instead of only at the settlement date. The limited offer started on February 9th and continues to February 2th if you are interested. Lykke intends on selling up to 50 million coins with an issue price of CHF 0.04 per coin so an estimated raise of CHF 2 million. Lykke Coins are registered on blockchain and 100 Lykke Coins are said to be entitled to 1 Lykke share.

Lykke is the creation of Richard Olsen who first founded OANDA in 1996, a retail broker serving over 100,000 retail trading clients worldwide. Lykke originally raised USD $ 2.8 million in 2015. Lykke says it is applying to the Financial Conduct Authority (FCA) in the UK for an investment firm license to provide a multilateral trading facility and to offer a non-exchange financial trading venue as part of a broader aim of establishing the worlds first crypto-marketplace offering trade execution on a range of financial instruments.

PhotoJohn Cassidy The Headshot Guywww.theheadshotguy.co.uk07768 401009

Lykke Chief Business Development Officer, Demetrios Zamboglou, commented on the announcement that genuine change in financial services can only be achieved via robust technology that serves everyone better;

rather than just its gatekeepers. Lykke is committed to creating a means for anyone to conduct financial transactions and store their assets in secure digital blockchains, secured from any single authority or counterparty, said Zamboglou. Blockchain-powered crypto-currencies are actively demonstrating their superiority over the fiat-paper status-quo, for so long the bastion of big banks. Blockchain technology is here to show financial services as a sector that there is a better way, and theres no turning back.

Lykke believes its selling-point is better security with a centralized matching engine and decentralized immediate settlement, and an open-source approach to typically closed-loop systems that dominate financial services transactions today.

In the history of Financial Services, it has always been a requirement to have deep pockets to operate on a level playing field. With Lykke, the only requirement to enter a level playing field is an internet connection, stated Lykke founder and CEO, Richard Olsen.

Lykke has already gone public on its own exchange and is said to be building enterprise-scale solutions for large financial institutions. Lykke is also a member of the Hyperledger project.

Lykke has also formed a partnership with ChronoBank to allow users to trade ChronoBanks tokens for other currencies frictionlessly. ChronoBank is in the midst of a crowdfunding round having raised over $4 million in Bitcoin. The Australian Fintech firm is creating a decentralized marketplace, named LaborX, where people can sell labor hours to anyone anywhere. ChronoBank.io wants to totally disrupt HR/Recruitment and finance industries just how Uber is crushing taxis.

. Bookmark the

.

The rest is here:
Swiss Company Lykke Offers Forward Contract with 20% Discount on Cryptocurrency - Crowdfund Insider

Cryptocurrencies are quickly becoming a weapon for many divorcees, according to Financial Times contributor Jane Croft.

The relative anonymity of these currencies provides divorcing parties with a clever way to hide assets allowing them to avoid full disclosure of their monetary property. What should you keep in mind about these currencies when heading into divorce conversations?

Remember to specifically ask about cryptocurrencies Knowing that cryptocurrencies can play a part in your divorce settlement is half the battle. Make sure to ask about them specifically from the onset.

Try to trace the money The fact is, divorcees with money in cryptocurrencies will not always be upfront with these assets.

When possible, try to track the money trail. While the movements of actual cryptocurrencies aren't easily traceable, the conversion of regular assets into these online assets will leave clues try to pinpoint them as proof.

Enlist the help of professionals Dealing with the legalities of these currencies is complex at best. You should enlist the help of experienced lawyers to ensure you are dealing with the existence of online assets as effectively as possible.

Bitcoins: What and how?

So what even is cryptocurrency? The most common version comes in the form of Bitcoins. According to the Oxford Dictionary, Bitcoin is:

"A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank."

Dealing with online currencies and the division of assets in a divorce settlement is a process that should involve the help of experts.

Here at WGC we have a team of lawyers that can help you navigate these murky waters to ensure you are getting your fair share during your divorce settlement cryptocurrencies or not.

See the original post:
Tips for navigating the cryptocurrency maze during a divorce - TropicNow

A lot of people are starting to show an interest in cryptocurrency trading. While this is a positive development, there are some pitfalls novice traders will need to watch out for. These mistakes are rather common and can end up costing new traders a few thousand dollars worth of cryptocurrency if they are not careful. With the following pitfalls in mind, there should be far less risk when it comes to cryptocurrency trading as a whole.

To put this particular tip into perspective, not every cryptocurrency exchange is designed to be used for various altcoins. There are some clear market leaders who can be trusted when it comes to trading alternate cryptocurrencies, whereas others seem slightly shady. Using the wrong exchange can result in withdrawals not being honored or trading markets becoming inaccessible at the wrong time. Always do your own research before trusting an unknown company with your money, as it can be difficult- if not impossible to get it out again when things go awry.

The world of alternative cryptocurrencies is filled with many opportunities, although not everything is what it seems. Unfortunately for novice traders, it is rather difficult to distinguish between a worthwhile and useless attacking. At the rate at which coins are being developed these days, any new coin should be avoided until it properly establishes itself in the market.

At the same time, investors and speculators want to buy potentially powerful coins as cheap as possible. Getting in at a later stage will decrease the chances of making a big profit along the way. There is a very fine balance to walk between buying coins cheap and investing in a pump-and-dump scam at the wrong time. Most novice traders experience the latter option well before they will make their first major profit.

One thing every cryptocurrency trader needs to keep in mind is how panic can be one of the worst motivators to make the right trade. Markets are very volatile in the altcoin scene, and it doesnt take much volume to send things in either direction. There is nothing wrong with trusting a gut feeling, but panic should never determine how and when one trades. To this day, a lot of novice cryptocurrency traders let their actions be guided by panic and fear.

As strange as it may sound for a market where profits and losses can be made in mere seconds, there is such a thing as compulsive trading. Trading too often during the day can be a big problem for novice traders, as they will make wrong decisions and let panic guide their actions. Monitoring the markets is an absolute must, but one should necessarily jump on every single opportunity when it presents itself. It is difficult to learn a trading style from day one, though, as errors will need to be made along the way until one finds a rhythm that suits his or her needs.

Given the vast plethora of different altcoins one can buy and trade across popular exchanges, diversification is a good idea. At the same time, there is a risk of trading too many altcoins at once, which will take a toll on ones portfolio rather quickly. The best advice is to start with small amounts of one or two coins that seem legit, ate and potentially profitable. As one gains more experience, it is still possible to further diversify the portfolio and trade more currencies.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

Read the rest here:
5 Most Common Mistakes Novice Cryptocurrency Traders Make - The Merkle

The unique cryptocurrency platform, Byteball is preparing itself to launch the second round of token distribution.

The unique cryptocurrency platform, Byteball is preparing itself to launch the second round of token distribution. The latest round is scheduled to happen on February 11, 2017, at 00:33 (UTC) the next full moon day.

The upcoming release of bytes (the crypto tokens on Byteball Network) is the second of its kind. The platform, which was launched on Christmas Day of 2016 distributed bytes (native cryptocurrency) and blackbytes (untraceable private tokens) to the Bitcoin community. Bitcoin holders, who signed up for the distribution received fresh bytes proportional to their Bitcoin holdings.

According to Byteball, over 70,000 BTCs were linked to the first round of distribution. In the second round, the platform will be issuing bytes to both Bitcoin and Byteball community members. During the process, Byteball token holders will receive 0.1 gigabytes (GB) for every 1 GB of bytes held. Similarly, the platform will issue 0.625 GB for each BTC owned by the eligible community members.

A Byteball representative quoted in the platforms press release said,

In the new distribution, 1 GB holding receives the same share as 1.6 BTC. 1 GB is currently traded at 0.05 BTC.

Byteball is already in the process of building the whole ecosystem around the cryptocurrency platform. Currently, the Byteball ecosystem has cryptocurrency wallets, bot-supported marketplace, private untraceable currency and an exchange platform that allows people to convert their Bitcoin to bytes and vice versa using a chatbot interface.

Byteballs use of a unique Directed Acyclic Graph (DAG) instead of blockchain technology gives it an upper hand over its rival altcoins. The absence of blockchain makes it less prone to scalability issues faced by the likes of Bitcoin. The Byteball Network users will not have to deal with delays and problems related to block size and block discovery times. A total of 10^15 bytes will be issued by Byteball, 99 percent of which will be distributed among the community members over multiple rounds.

Byteball has emerged as a promising cryptocurrency platform that can meet the growing industry needs. By offering the huge Bitcoin community an opportunity to take part in the new revolution, the platform is expected to gain widespread adoption in the coming months. It is the ideal time for the existing Bitcoin and Byteball community members to take part in the distribution and watch the value of bytes grow in their possession.

Read the original:
Byteball Cryptocurrency Platform Schedules Second Bytes ... - newsBTC

Blockchains are nothing more signed, peer-to-peer, distributed ledger databases. Okay, were all done here.

No?

Alright, blockchains are a bit more complicated than thatand more useful than they might sound. Most will know blockchains from BitCoin, one of the many cryptocurrencies based on them. But cryptocurrencies are only one use for blockchains. Before getting into applications, lets take a look at what a blockchain system looks like and how it operates.

To start, you need to know about public key encryption and digital signatures, because the blocks in a blockchain are digitally signed and the blockchain nodes are authenticated to each other (Fig. 1). This allows them to maintain their copy of the blockchain and determine whether information from other nodes is accurate. Those providing nodes to the blockchain must also have their own encryption keys so they can sign their blocks.

A blockchain is actually a logical entity maintained by a blockchain node. It is designed to be a mostly read-only database that grows over time as blocks are added (Fig. 2). Block payloads are accepted by a node and distributed to its peers. There is an acceptance process and verification of digital signatures, but eventually a block will be validated by enough nodes for the block to be permanently added to the blockchain.

At this point, the added block will be replicated in a majority of nodes, and the rest will eventually catch up. This means that all nodes will have a moving high water mark that the collection of nodes agrees with, but the databases will probably not be identical across all the nodes at any point in time.

The idea is that the payload of a block can be accessed by an external entity and used to generate a subsequent block that will get incorporated into the blockchain. A typical example is where a block contains a logical value that is split in half and assigned to two new blocks. The signatures for these new blocks can be used to allow one of the new blocks to contain this new value. Incorporating the new blocks into the blockchain will mark the original block as used and the two new blocks as active.

The system is robust because the blockchain database is replicated. All nodes can accept new blocks and all nodes do not have to be active or accessible all the time although a quorum is needed to activate new blocks.

The challenge for blockchain systems is to maintain performance and scalability as the system grows. A lot depends upon the frequency of updates and the number of systems involved overall in addition to the network. Many blockchain systems operate on the internet, but that isnt a requirement. They can be used in closed networks as well.

So, back to cryptocurrencies.

A cryptocurrency is a digital asset that can be an exchange medium. These days, cyptocurrencies tend to be implemented using a blockchain. This allows transactions using the cryptocurrency to occur in a decentralized, distributed fashion. Cryptocurrencies are relatively new (the aforementioned Bitcoin started in 2009).

The payload of a block indicates the amount of money involved in a transaction. How these values are created and manipulated depend upon the system being employed and the players involved in the system. Most cryptocurrencies use a timestamping scheme so a trusted third party does not need to be involved in the system.

Most cryptocurrency systems use a proof-of-work scheme to create a new block or BitCoin. BitCoin uses proof-of-work schemes are based on SHA-256. It is also used by LiteCoin. It is also possible to use proof-of-stake schemes as well.

BitCoins are created by mining. This uses the hashcash proof-of-work function that is designed to take a lot of computational cycles but not much else. Specialized hardware has been developed to create BitCoins. The amount of time needed to generate just one BitCoin varies significantly depending upon the hardware used.

Just about any application that requires a registered ledger is a candidate for blockchain support. Many embedded applications simply need a single database, but if there is a need for a more robust solution, blockchains might make sense.

Blockchains have been touted as solutions for all sorts of applications. For example, there are a number of efforts to use them in educational environments. In this instance, the various records, testing, and certifications a person earns are tracked using blocks. This approach allows for the distribution of this information. The blocks normally do not contain all the information, but rather, links to digitally signed packages.

Blockchains can also be used for conventional ledger-based applications. These applications include backend clearing and settlement. They could be used in real estate transactions, for tracking music or other multimedia content, or even for handling contracts.

Blockchain use is still in its infancy. Security remains a key component and it should not be overlooked when considering or using this technology. Incorrect implementations can cause significant security problems. Developers also need to consider the scope of implementation, frequency of updates, and hardware and storage requirements.

Read the original post:
What's the Difference Between Blockchains, Cryptocurrency, Audit ... - Electronic Design

There are hundreds of Cryptocurrencies out there right now and its impossible to know all of them by name. With Cryptocurrency now known by people in every corner of the world, developers are coming with new digital currencies to try and convince the users that their coin offers something new or different to what is being offered by the current coins. This has led to many users and investors falling victims to scam coins. Just because a coin is popular, with a lot of followers, doesnt qualify it to be a genuine cryptocurrency.

A lot of cases involving scam in Cryptocurrencies have been reported. According to Cointelegraph, Solomon Barnabas came out bravely to speak of his experience at the hands of vendors of scam coins. Mr. Solomon is quoted as saying that these scam vendors not only caused losses in terms of money, but also in terms of his credibility. Mr. Solomon is one of the many who have lost their money due to these scam coins who sell referral programs to unsuspecting members claiming that crowdfunding is necessary for adoption. These scam coins are restricting the growth of Cryptocurrency, despite campaigns from the already established coins that Crytocurrency is a genuine and worthy investment.

Moving on to the leading scam coins according to Angelina Lazar, an economist and cryptocurrency revolutionary, OneCoin is number one when it comes to scam coins. Angelina has become a popular figure in the Cryptocurrency world due to herwarwith OneCoin. She claimsthat in a months time she will have conclusive information on OneCoins dealings. After a war between her and OneCoin, Angelina claims that she succeeded in getting all bank accounts belonging to OneCoin shut down. She also claims that Chinas UnionPay is not interested in working with OneCoin anymore. According to Cointelegraph, the main problemthat OneCoin faces is that it is not a Cryptocurrency yet. This is an issuethat always arises once they realize that their product doesnt possess the fundamental characteristics of a genuine cryptocurrency.

S-Coin is another coin that Angelina Lazar thinks is a pyramid scheme. S-Coin, just like OneCoin, offers promise of hope of releasing a Cryptocurrency in the near future. According toCointelegraph, the act of attaching the price of one Euro to it without considering the basics such as demand and supply, raises a lot of questions. Another thing is that they asked the public to pay Bitcoins for S-Coins and claiming to send the coins via mail to their clients.

Cryptocurrencies are digital coins and hence if S-Coin is a real digital currency transactions should be made in a real blockchain.

EarthCoin is the next coin with characteristics of a scam coin. Most of its coins initial supply were generated by the developer. This raises eyebrows because coins should be generated over time through a form of mining. Its website is poor and there is no real information on what the coin intends to achieve and its current volume. All these point to signs of pump and dump schemes. Remember its the responsibility of you the investor to conduct proper due diligence on the coins you want to invest in.

You may also like:Bitcoin: Shut Down in Venezuela!

Originally posted here:
Cryptocurrency: Leading Scam Coins - Eastern Daily News

Scientists at the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg have developed an important mathematical algorithm called Equihash. Equihash is a core component for the new cryptocurrency Zcash, which offers more privacy and equality than the famous Bitcoin. Zcash came into operation as an experimental technology for a community-driven digital currency in late 2016. Competing cryptocurrencies

Bitcoin is by far the most recognised and widely used digital currency. It was introduced in January 2009 and has garnered much attention since then. But it is not the only one of its kind. Wikipedia lists nearly one hundred cryptocurrencies boasting more than 1 million US dollar market capitalisation.

One of the newest cryptocurrencies is Zcash, which can be seen as an update to the Bitcoin protocols. In Bitcoin, the transfer of coins is recorded in a global ledger, the so-called blockchain. The validity of the latest transfers in the blockchain is verified about every ten minutes. Verifying the transfers and creating new blocks for the blockchain (the so-called mining) requires a lot of computing power, which is provided by distributed computers worldwide. The miners who allocate the processing power are rewarded with new coins.

Zcash is trying to resolve two main shortcomings of Bitcoin: its lack of privacy for transactions and the centralisation of transaction verification into the hands of a mere dozen miners who have invested in large amounts of specialised mining hardware: Bitcoin is prone to such centralisation because the computational load of the bitcoin mining algorithm can be split into many different small tasks, which can be conducted in parallel. The algorithm is easy to implement in dedicated, energy-efficient and cheap microchips, but not suited to standard hardware. Bitcoin mining today is therefore done on special-purpose supercomputers which are located in places with cheap electricity and/or cheap cooling. Such supercomputers are expensive, costing millions of euros, but provide much more mining power than if one were to use standard PC hardware of the same price.

New algorithm for cryptocurrency

Prof. Alex Biryukov, head of the research group Cryptolux and Dr. Dmitry Khovratovich at SnT have developed the algorithm Equihash which can resolve this problem. Equihash is a so called memory-hard problem, which can not be split up into smaller working packages. It can be more efficiently calculated on desktop-class computers with their multiple processing cores and gigabytes of memory than on special hardware chips. If 10.000 miners with a single PC were active, in Zcash the investment to compete with them would be 10.000 times the price of a PC, while with bitcoin, the investment would be significantly smaller, says Khovratovich. This creates a more democratic digital currency by allowing more users to contribute to the mining process. Khovratovich adds: The strength of a cryptocurrency comes from the fact that the ledger is globally distributed. Our Equihash algorithm reverses the situation back to this more ideal world.

Equihash was first presented at the Network and Distributed System Security Symposium last year one of the top-5 IT security events. Prof. Biryukov comments: Since Equihash is based on a fundamental computer science problem, advances in Equihash mining algorithms will benefit computer science in general. Equihash is so far unique among all the mining algorithms: it is memory-hard on the one hand and very easy to verify on the other. In other words, while mining new coins with Zcash/Equihash is comparatively expensive, hence posing a smaller risk of monopolisation because it requires large amounts of computer memory and hard computational work, checking that the new coins are genuine is memoryless, fast and cheap.

Understanding these advantages, the creators of Zcash chose Equihash as the algorithm for mining coins and verifying transfers. Equihash itself is not limited to use in Zcash and can be used in any cryptocurrency, including Bitcoin.

With our contribution to Zcash, the Cryptography and Security lab (CryptoLux) has shown its strength in innovative research that has immediate applications in the financial technology industry, says SnTs director, Prof. Bjrn Ottersten. We invite students to follow us in this promising field, adds Professor Biryukov: There are still lots of challenging research problems to solve.

See the original post here:
University of Luxembourg: Researchers develop Zcash cryptocurrency - Science Business

From as high as $1070 recently, the price of Bitcoin fell to as low as $910 today before settling around $985 as of now. This comes afterat least two of the leading Chinese exchanges, OKCoin and Huobi, notified clients of an immediate ban on Bitcoin and Litecoin withdrawals, with RMB withdrawals unaffected, while theyupgrade their AML systems according to the law which is estimated to take a month.

Want to learn more? Bobby Lee, the CEO of BTCC, will be giving the keynote speech about Bitcoin and China atthe iFX EXPO in Hong Kong, register now.

Earlier today,the Chinese central bank officially called on nine of the smaller cryptocurrency trading venues in the country to followKYC/AML rulesbut that failed to make a serious impact to the BTC/USD exchange rate.

Charles Hayter, the CEO of CryptoCompare.com, explained: When China sneezes Bitcoin catches a cold. The PBoC moves to regulate Bitcoin more stringently will bring short term woes but will ultimately strengthen the ecosystem.Volumes can be expected to again slow in China as more friction is incorporated in the form of KYC and AML policies. For the duration of this transition the CNY-BTC pairs can be expected to trade at a discount to other fiat-BTC pairs.

Hayter added: The Chinese authorities momentum has been considered and communicative but past scandals have seen governments make examples although the Chinese Bitcoin exchanges cant be said to be anything other than cowering at present. At the moment bitcoin is in limbo caught between Chinese regulatory moves on the one hand and scaling, the potential for ETF approval with the resultant flow of institutional money on the other. Then there is global uncertainty with bitcoin acting as a form of digital gold.

Read this article:
Bitcoin Drops as Chinese Exchanges Stop Cryptocurrency Withdrawals - Finance Magnates

Singer Tatiana Moroz announced the early beta launch of the first cryptocurrency for artists at The Blockchain Event in Ft. Lauderdale, FL.

TATIANACOIN will unite artists and fans through advanced blockchain technology. Fans will be able to steam music while supporting Ms. Moroz, chat with her and other fans, and access unique multimedia content, private concerts and merchandise.

Tatiana Moroz

In a release, Ms. Morozsaid artists struggle in a system that can earn them less than one penny per stream and intense competition for fan loyalty.

After experiencing firsthand the troubles artists face trying to make a name for themselves, I sought a revolutionary way for artists and fans to help each other through incentivized financial support and social connectivity.The only way to achieve this is through the power of the blockchain, a technology that presents countless opportunities for artists and musicians.

TATIANACOIN is the first instance of what we call an ArtistCoin: a digital currency that removes the middleman and smooths contracts, payments and communications. ArtistCoins will enable songwriters, record labels, and publishers to seamlessly register their work, view tamper-proof payment contracts, and distribute songs with all the splits built in.

This will streamline the licensing process and ensure all the parties are fairly compensated.

Read more:
Singer Tatiana Moroz launches artist cryptocurrency - Bankless Times