You made it! :) First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes). This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn). This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally. "The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay" Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment. Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations. Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA). “The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.” More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin. Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets. AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money. “After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.” Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders. Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest! If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them. Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel See you soon!
🍕 Bring some virtual pizza to share 🍕 Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments! Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S. Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok. ... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
Daily analysis of cryptocurrencies 20190923(Market index 41 — Fear state)
Crypto Exchange Giant Binance To Launch US Trading On Sept 24 Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it will start trading fiat-crypto and crypto-crypto trading pairs on Sept 24.The trading platform will list seven cryptocurrencies immediately upon the launch, including Bitcoin, Binance Coin (BNB), Ethereum, XRP, Bitcoin Cash, Litecoin and Tether’s USDT.Binance.US also revealed it will soon open deposits for another five assets: Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar’s XLM and 0x. UBS, Credit Suisse Interest On Crypto Industry ‘Clearly Picked Up’ Peter Wuffli, the former CEO of major Swiss multinational investment bank UBS, says the advent of new, regulated actors in crypto is drawing the attention of big-name banks. When it comes to the traditional financial sector’s response to the emergent crypto asset space and industry developments, he said of large banks such as UBS and Credit Suisse: “From what we hear, interest has clearly picked up since the licenses were granted. Bank executives are asking their middle management to figure out whether this is just another fintech fad that comes and goes, or whether it is really transformational.” He added: “They are wondering strategically whether they need to commit to this, and what it would mean in terms of changes to systems but also mindset.” Int’l Accounting Standards Body Defines Bitcoin As ‘Intangible Asset’ The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin (BTC), are neither financial assets nor legal tender. The Korea Times reported the development on Sept 23, citing the Korea Accounting Institute’s briefing in regard to an IFRIC meeting held in London this June. Bitmain Will Release New Generation Of Antminer On October 9 Bitmain will release a new generation of Antminer at World Digital Mining Summit in Frankfurt, Germany on October 9. Officials revealed that the new batch of the Antminer accepted on-site orders.
Encrypted project calendar（September 23, 2019）
BTC/Bitcoin:Bakkt, the digital asset platform led by ICE, the parent company of the New York Stock Exchange and the world’s second largest trading group, will launch a bitcoin physical delivery futures contract on September 23.EOS/EOS:EOS main network is expected to upgrade version 1.8 on September 23DCDecred:Project leader Jake Yocom-Piatt of Decred (DCR) Decrex will attend the Encryption Community Party in San Francisco on September 23 and will deliver a speech.
Encrypted project calendar（September 24, 2019）
ENG/Enigma:Enigma (ENG) ENG main network token snapshot will end on September 24, the original start time is August 26.LINA (LINA):Lina Review will host the Lina network launch event in Ho Chi Minh City, Vietnam on September 24th and release a 10-year operational strategy.Cappasity (CAPP):Cappasity will showcase its digital signage solutions in luxury stores at the Paris Retail Week from September 24th to 26th.
Encrypted project calendar（September 25, 2019）
MIOTA/IOTA:IOTA (MIOTA) IOTA will host a community event on September 25th at the University of Southern California in Los Angeles on the theme of “Building Your Own IoT.”Quant (QNT):The Quant project will participate in a marketing conference in London from September 25th to 26th, which will focus on data technology.
Encrypted project calendar（September 26, 2019）
ADA/Cardano:The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.
Encrypted project calendar（September 27, 2019）
BTC/Bitcoin:Cripto Latin Fest will be held in Cordoba, Argentina from September 27th to 29th.Switcheo (SWTH):After a one-year token exchange process, the project team will officially end the SWH→SWTH token exchange process on September 27.
Encrypted project calendar（September 28, 2019）
ADA/Cardano:Cardano (ADA) Cardano (ADA) 2nd Anniversary, Cardinal Foundation, IOHK and EMURGO main members will participate in community celebrations in Plovdiv, Bulgaria on September 28.TOP Network (TOP):The TOP Network team will hold a hackathon in Prague, Czech Republic from September 28th to 29th.Horizen (ZEN):Horizen project BD Rep Vano Narimandize will discuss the current status and development of sidechain technology at the Industry 4.0 Blockchain Summit on September 28.
Encrypted project calendar（September 29, 2019）
GAME/GameCredits:GameCredits (GAME) is expected to perform hard forks on September 29th at block height 2519999
Encrypted project calendar（September 30, 2019）
INS/Insolar:Insolar (INS) will be on September 30thERD/Elrond:Elrond (ERD) will conduct main network test on September 30thNULS/NULS:The NULS team will plan to beta the ChainBOX in the third quarter.CS/Credits:Credits (CS) will exchange tokens and bug rewards in the third quarterQTUM/Qtum:Quantum Chain (QTUM) is expected to complete lightning network beta in the third quarterXEM/NEM:New World Bank (XEM) will release mobile wallet and computer wallet in the third quarterHC/HyperCash: hypercash (HC) will complete community management agreement in the third quarter
Encrypted project calendar（October 01, 2019）
HT/Huobi Token:The financial base public link jointly created by Firecoin and Nervos is expected to be open source in October.RVN/Ravencoin:Ravencoin (RVN) Ravencoin will perform a hard fork on October 1.ADA/Cardano:Cardano (ADA) plans to hold technical consensus meeting in Amsterdam on October 1stXRC/Bitcoin Rhodium:Bitcoin Rhodium (XRC) will record account balance awards on October 1stPPC/Peercoin:Peercoin (PPC) will perform Peercoin v0.8 (code tang lang) hard fork on October 1st
Encrypted project calendar（October 02, 2019）
BNB/Binance Coin:The 2019 DELTA Summit will be held in Malta from October 2nd to 4th. The DELTA Summit is Malta’s official blockchain and digital innovation campaign.CAPP/Cappasity:The Cappasity (CAPP) London Science and Technology Festival will be held from October 2nd to 3rd, when the Cappasity project will be attended by the Science and Technology Festival.
Encrypted project calendar（October 03, 2019）
ETC/Ethereum Classic:The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4
Encrypted project calendar（October 05, 2019）
Ontology (ONT):Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network.
Encrypted project calendar（October 06, 2019）
SPND/ Spendcoin:Spendcoin (SPND) will be online on October 6th
Encrypted project calendar（October 07, 2019）
GNO/Gnosis:Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.
Encrypted project calendar（October 08, 2019）
BTC/Bitcoin:The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.
BTG is in top 10 in CoinMarket Cap! Here is why it should be in the top 5.
How I see the top 10 currencies on CoinMarketCap.com
1 Bitcoin is the number one cryptocurrency, with all the hype and all the press. I do not see any coin overtaking it in the near future. Probably never.
Bitcoin Gold IS better than bitcoin in MANY ways.
A) Bitcoin Gold allows for GPU mining on people’s home computers and it is ASIC resistant, which makes for a more decentralized coin. (One of the founding principles of bitcoin, which has fallen by the wayside with Chinese asic (such as BITMAIN) controlling most of the mining market and allowing it to pull all sorts of shenanigans. B) Bitcoin transactions have become slooooooooow! (Bitcoin GOLD is much faster) C) Bitcoin transactions are PRICEY! You can't even send someone $10 worth of bitcoin because the fees would eat the entire transaction. This is why STEAM dropped bitcoin. The fees have become ridiculously high (see miners controlling the market above as to reasons for this) Bitcoin Gold has lower fees. D) The network for bitcoin can be VERY unstable. Whenever Bitmain wants to move the miners over to it's own fraud coin, bitcoin cash, they slow the market and delay transactions. This should be seen for what it is: an ATTACK on bitcoin. With all that said, bitcoin still carries on and the price continues to climb! It remains #1 in marketcap.
2 in marketcap is Etherium. People love to remind you that Microsoft is backing Etherium. Yeah, but guess what. Etherium's network is an absolute mess!!
Hundreds of millions of coins have been lost because of a "bug". WOW. The 44billion dollar Ether network was brought to its knees by Crypto Kittie, a digital cat child’s app that uses Etherium contracts to trade digital pussies. Etherium shouldn't be number 2. Not until they can create a stable network. Who knows what will bring it down next? Digital dogs?
3 Bitcoin Cash. This currency is a fraud. It merely exists to allow Bitmain to use asic boost, to give it an advantage mining coins. Once Segwit went into place on bitcoin they could no longer use asic boost and lost their advantage so they forked bitcoin for greed. They tried to take a bunch of miners with them and force everyone who wants to buy an antminer to pay for them in Bitcoin Cash, driving up BCC and trying to take down BTC. This is a fraud currency and everyone should ignore it, and let it die on the side of the road like the diseased rodent it is.
4 Litecoin This is a great coin. It is more stable than every coin above it. The network is reliable and the transactions are fast. As if that were not enough, the fees are ridiculously low. So low that they have attracted STEAM, who just dropped bitcoin, to allow people to purchase on their store with Litecoin.
This should be the number 2 coin, in my opinion. (only because nothing is going to dethrone Bitcoin.)
5 Ripple If you have ever invested in ripple, and thought the price was going to go up and was surprised how it suddenly came crashing down, well you are not imagining things and you are not alone. The price on this coin is manipulated.
Don’t be me wrong, Ripple is a useful coin with good tech behind it. Fast transactions, good scalability and low fees, but this coin is used by banks to transfer fund between them. They do not want to the value to go up because that would make the fees larger. This “global “token is mainly traded on Korean exchanges. This coin was not designed to be a holder of value, so if you are looking to invest, I would stay away from Ripple. Anything over 25 cents is risking a sudden plunge. I’m amazed to see it at 36 cents.
6 IOTA - I love IOTA. What a great coin with a great team behind it. The network (Tangle) is very advanced and they love to brag about how they are an improvement over bitcoin. The people involved in IOTA tend to be very passionate and haters of blockchain.
The problem? Well, their wallets don’t even work! You can buy it on Binance, but you can’t even withdraw it because they have so many problems trying to get a wallet to be stable. For a coin that suddenly shot up to $5 (I rode a lot of that up and jumped out) on the news that they were working with Samsung, Microsoft and others on an information sharing network, I would think they could get their transaction network up and running so people can keep coins reliably in their wallets and get them off exchanges.
7 DASH One of a kind. The network funds itself. Unheard of. It’d decentralized with Masternodes that vote on how to spend the budget. (masternodes controlling the future don’t sound decentralized to me, but I digress) They claim instant transactions and privatesend (wasn’t this darksend?) This used to be XCoin in Jan 2014. 10 days later the core dev team changed the name to Darkcoin. Later they changed the name to DASH (not to be confused with Dashcoin, which is exactly what many people do… get confused.)
Some people would say there is a dark side to Dash coin, but to each their own.
8 NEM My first question is if the currency is called NEM, why is the symbol XEM??? NEM codes its own blockchain making it efficient and stable. If you hold 10,000 XEM, you can harvest(?) which incentivizes people to hold, which will inflate the price. (HODLING is the main reason bitcoin goes up in price. If everyone were day trading it can you imagine the volatility? When you limit the supply and there is still a high demand the price must go up. Simple as that.) NEM (or XEM) is not discussed very much and is not widely known. This is odd considering its high market cap (top 10 baby) and its solid tech. NEM (like bitcoin gold) needs some good marketing.
#9 Monero This is a PRIVATE COIN, untraceable currency. This coin has a purpose, and that purpose is protecting the privacy of the users of it. You can send and receive Monero without knowing who you sent or received coin from. This coin will increase in value as demand for privacy will only continue to increase and this is the world’s number one privacy coin (sorry dash). Some people may have ethical reasons to not want to invest in a coin that may be used for all manner of shady dealings online. That’s up to you to decide. Are you against fiat cash? For the most part cash is untraceable too, and people use it for all sorts of shady things, but people also use it for plenty of good things.
10 Bitcoin Gold Finally a version of bitcoin I can mine on my computer at home! YEAH!!! Bitcoin is SUPPOSED to be decentralized, and this is the ONLY flavor of bitcoin that lives up to that. It’s the same block interval and block size as bitcoin, but it updates difficulty on every block and prevents ASIC’s by using POW Equihash so people can mine on GPU’s at home.
As I mentioned above, Bitcoin Gold has faster transfers with lower fees and the network is not able to be manipulated by companies such as Bitmain, because large ASIC farms have no control over this network. Some mysterious forces (I wonder who?) attacked Bitcoin Gold when it first launched, with DDOS attacks and faking wallets. Despite the rough start, bitcoin gold has been widely accepted at 25 exchanges including Bittrex, HitBTC, Bitfinex, Binance and Yobit! It has even found a home in hardware wallets like Trezor and Ledger. You can use Coinomi on your phone too. http://amzn.to/2AeoyMI <----- Check Out Trezor Hardware Wallet! THE TOP 5 COINS FOR ME: 1) Bitcoin (obviously) 2) Litecoin 3) Etherium (Because of the hype) 4) Monero 5) Bitcoin Gold Honorable mentions: IOTA and NEM Find this post useful? Please donate BTG : ANYwhWdjfxQBokXR5dzDixvu8UB5PkqRfg This took a long time to type. :)
Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Scrypt, by design, is more accessible for users that want to mine via CPUs or GPU, as ASIC ... Bitmain könnte das Game der Bitcoin-Miner erneut verändern, mit der bevorstehenden Lieferungen des Antminer S19, dem neuesten Modell in der ASIC-Reihe. Antminer S19 lässt die Vorgängermodelle, die das Bitcoin-Netzwerk betrieben haben, schnell veralten. Die neuesten Modelle haben eine unübertroffene Energieeffizienz und eine Hash-Rate von bis zu 110 TH/s. Three Antminer Models With More Than 50 Terahash . Statistics show that the Asicminer 8 Nano Pro would be the second most powerful SHA-256 miner with 76TH/s per unit. However, the company is ... Litecoin Mining – Litecoin ist eine der ältesten Kryptowährungen auf dem Markt. Man kann sie schon seit dem Oktober 2013 handeln. Die Kryptowährung entstand als eines der ersten Hard Forks von der Bitcoin. Mit ihr wird der Litecoin kurz LTC genannt, sehr häufig verglichen und beide ähneln sich auch in vielen Belangen. 1. Bitmain’s Antminer L3 Series. In this guide I will use the Antmier L3+, a very powerful ASIC miner that uses Scrypt to mine Litecoin.ASIC stands for Application Specific Integrated Circuit and it means that these miners are made solely for the purpose of mining a specific coin, making them super efficient. Mit einem Antminer S19 Pro werden im Schnitt 4.56 US-Dollar pro 24 Stunden erwirtschaftet. Im Vergleich bringen es GTX TitanV 8 Cards von Nvidia im Ethereum-Netzwerk auf 13.93 US-Dollar. Der Ertrag von Ether-Minern liegt also bei Nutzung der leistungsstärksten Mining-Hardware derzeit drei mal höher als der von Bitcoin-Minern. MultiMiner ist für Windows, Mac OS X und Linux erhältlich und ermöglicht es Ihnen, Mining-Geräte (z.B. ASICs, FPGAs) ohne Aufwand zwischen verschiedenen Kryptowährungen (z.B. Litecoin, Bitcoin) zu wechseln. Es nutzt die zugrundeliegende Mining-Engine zur Erkennung verfügbarer Mining-Hardware und lässt Sie die Coins auswählen, die Sie abbauen möchten. MultiMiner verfügt über viele ... Litecoin并未预先开采，最大供应量为8400万，正好是比特币的4倍。一个区块的初始奖励是50莱特币，每840,000个区块减半。由于Litecoin区块链上区块生产的目标时间为2.5分钟，这意味着Litecoin区块奖励减半将每4年发生一次。 Litecoin Mining Hardware – Antminer L3+ Review. By: Steven Hay Last updated: 5/4/20 As Litecoin becomes more and more popular, many people are looking for the most suitable miner to mine it. In this post I will review Bitmain’s Antminer L3+, the world’s most popular Scrypt miner, so read on.
Bitmain - https://www.bitmain.com Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7c... Today I go over my new (LTC) Litecoin price prediction for 2020 and technical analysis for ltc. Buy Litecoin On Binance Here: https://www.binance.com/en/re... This video shows how to configure the Antminer S9 for mining Litecoin Cash using the SHA256 mining algorithm. Important links: https://lcc.multipools.club ht... Once you get your cryptocurrency into Binance it's a little bit of a process to get it out. We walk through the process of selling your altcoins for Litecoin... Quick video explaining the steps I took to setup my Antminer S7 miner. This miner can mine any SHA-256 coin. 0:48 Connecting two power supplies Antminer S7 M... Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7chr68 Mine Bitcoin and other Crypto... How to transfer Litecoin from Coinbase to Binance Check out my no.1 recommended platform to invest in Bitcoin instantly with ZERO fees: https://coinjolt.com ... Join Coinbase. Buy $100 of Bitcoin, Ethereum, or Litecoin with US Dollars and we'll both get $10 FREE BITCOIN!https://www.coinbase.com/join/599ef536e5702300b...