Ethereum Soars Over 125 Since March: What to Expect Now?

Ethereum Soars Over 125% Since March: What to Expect Now?

Almost all markets across the world have been in turmoil owing to the economic uncertainties

brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and it is important to take a closer look at it. In this regard, it should be noted that ETH is the second-biggest cryptocurrency in the world, and its recovery might have an impact on the wider crypto market.

Major Triggers

The recovery has been quite remarkable, and it is only natural that investors are taking note of Ethereum since it rose 125% from its lowest levels. In a new development, it has now emerged that Grayscale Investments has acquired as much as half of all the ETH tokens that had been mined this year. The actions of Grayscale could well be one of the major reasons behind the rally enjoyed by the cryptocurrency this year. According to a post that was published on Reddit, Grayscale now owns 1.1% of all the ETH tokens that are currently in circulation. It is a significant development for ETH and marks the entry of an entity that looks after the interests of institutional investors. Grayscale is currently focused on a total of 10 cryptocurrency-related investment products and primarily caters to the interests of institutional investors.

ETH is in Focus Ahead of Ethereum 2.0: What to E#xpect?

At this point, Grayscale has investments worth $2.7 billion in its books, and out of that, the Ethereum Trust consists of investments to the tune of $234.7 million. It needs to be kept in mind that over the years, it has been said that the flow of institutional money is going to be the main trigger behind the growth of the crypto market, and it seems like perhaps this is finally happening. It remains to be seen how this latest development affects the attitudes of other investors with regards to Ethereum.

Article Produced By
Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI. Currently, he serves as a financial consultant and technical analyst at Tradersinsights.com.

https://cryptocurrencynews.com/ethereum-soars-expectations-04-28-20/

Heiko Closhen, Entrepreneur

Bitcoin Soars Above 9K Mark with Strong Momentum

Bitcoin Soars Above $9K Mark with Strong Momentum

The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week.

Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event.

Why the Sudden Jump?

The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced market crash over the past weeks, but now it seems to be on course to reach its previous levels. This morning, Bitcoin gained 1.9% to hit $9,099 a token, and that is a strong start, considering the fact that it gained 15% yesterday.

Any major rally in Bitcoin is generally followed by a rally in other cryptocurrencies as well, which is exactly what happened today. Other major cryptocurrencies like Bitcoin Cash and Litecoin recorded gains for the third consecutive day. Over the past few weeks, the price action in the crypto sphere has been in lockstep with other asset classes that are classified as risky. However, the situation has changed dramatically this week. Crypto experts suggest that the rally in Bitcoin is possibly linked to the halvening event that is going to take place this May.

A halvening indicates the slashing of rewards by 50% for Bitcoin miners, and when that happens, it usually results in a lower supply of BTC tokens in circulation. Many analysts are pondering whether the cryptocurrency is going to experience a crash at this time. As a matter of fact, it is important to point out that in the past, the cryptocurrency has shown significant bearish price action on the day of the halvening.

>> Ethereum Soars Over 125% Since March: What to Expect Now?

That being said, it is also necessary to point out that it is very difficult to predict whether BTC is going to rise or fall on the day of the halvening event. However, it should be kept in mind that months after the previous two halvening events, Bitcoin went on strong rallies.

Article Produced By
Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI. Currently, he serves as a financial consultant and technical analyst at Tradersinsights.com.

https://cryptocurrencynews.com/bitcoin-soars-9k-mark-04-30-20/

Heiko Closhen, Entrepreneur

Bitcoin Price Hits Two-Week Low Garnering Interest from Small Investors

Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March.

The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is, in turn, causing the number of addresses holding smaller amounts of Bitcoin to rise. The number of unique addresses that are holding at least 0.01 BTC (approximately $87 at current price) rose to a new high of 8.47 million on Sunday, according to blockchain intelligence firm Glassnode. At the same time, the number of addresses holding at least 0.1 BTC (roughly $870) rose to a lifetime high of over 3 million households on Friday. Some believe the increased demand during the price dip may be associated with the idea that Bitcoin could repeat history by charting a price rally over the next 12 months.

The cryptocurrency experienced a 30% pullback in the four weeks that followed its second reward halving on July 9, 2016. However, the decline was erased in the months that followed, and prices rallied to record highs by March 2016. “The price pullback was expected, and the long-term bias remains bullish,” said QCP Capital’s co-founder and managing director Darius Sit. “We would accumulate if prices drop to the $6,000-$8,000 range.” Of course, the number of small addresses doesn’t necessarily represent new individual investors because a single person can hold cryptocurrency in more than one address.

On top of that, exchanges and custodial services also hold Bitcoin in multiple addresses. “Wallet management systems of virtual asset service providers have become more complex and granular. Their wallet clusters include more small wallets for security,” said Ju. Even if small investor participation has been increasing, it’s unlikely to have a significant impact on Bitcoin price, as the market is still dominated by large players, which are typically known as “whales.” On the flip side, the number of addresses holding at least 10,000 BTC and 1,000 BTC have gone down over the last two weeks, according to Glassnode.

>> Persisting Problems: Will Blockchain Be Used in the Next US Election?

What’s more, options market activity is suggesting a more profound price drop could be in the offing in the near-term. “Traders are buying out-of-the-money puts,” said Head of Digital Assets at Swissquote Bank Chris Thomas. A put option is a bearish bet on the cryptocurrency, and a call option represents a bullish bet, while an out-of-the-money put option has a strike price that’s lower than the market price of the underlying asset. Thomas said he expects Bitcoin to move toward the $8,000–$8,200 range in the short-term, which looks likely, as the cryptocurrency has breached a trendline rising from March lows.

Bitcoin fell by 5% on Monday, going against the support of the 2.5-month-long bullish trendline. “However, the relative strength index is neutral,” Yuriy Mazur, head of data analytics at cryptocurrency exchange CEX.IO, told CoinDesk. “There is no clear understanding where BTC will go, currently. It may either retrace back to $6,500 or reach $10,000. We may get a clear indication of the further direction in the nearest days.” The immediate bearish case will weaken if Bitcoin price rises above Sunday’s high of $9,310 on the back of strong volumes. However, it may take a convincing move above $10,000 to restore the bullish trend.

Article Produced By
Kristen Moran

Since graduating from the Journalism Program at Langara College, Kristen has gained over six years of experience writing for newspapers, magazines, online publications, and blogs – covering everything from municipal politics to local restaurants to mining projects in Brazil. Now she serves as a finance writer, covering cannabis, mining, tech, biotech, and investing. She has a passion for the written word, as well as cooking, dancing, traveling and life, in general.

https://cryptocurrencynews.com/bitcoin-price-two-week-low-05-25-20/

Heiko Closhen, Entrepreneur

China blockchain firms may lose access to US capital markets

China blockchain firms may lose access to US capital markets

Sunlight is often said to be the best of disinfectant.

For publicly traded companies, that sunlight comes in the form of transparency and reporting. Last Wednesday, the U.S. Senate took steps toward forcing Chinese companies to adhere to the same transparency rules as other corporations or risk losing access to U.S.-based stock exchanges. For China-based ASIC hardware manufacturers, this new regulation might be the last nail in the coffin for their U.S. capital market aspirations. It could lead to delisting for those already traded.

Controversy has followed many leading China hardware makers when they have attempted to list publically in the past. Canaan and Bitmain were accused of misleading investors regarding their financial well-being in the lead-up to an initial public offering (IPO). Online reports claim Bitmain omitted negative Q2 2018 info on their investment prospectus during its ill-fated first attempt at an IPO listing. A lawsuit filed by Scott+Scott Attorneys accuses Canaan of misleading an investor before their recent NASDAQ sale, which only raised less than one quarter of its $400 million initial target. Ebang has recently announced they filed for a $100 million IPO with the U.S. Securities and Exchange Commission (SEC). The company’s prospectus shows it made over $109 million in 2019, but it also had a deficit of around $41 million.

The IPO move comes two years after its aborted listing on the Hong Kong Stock Exchange (HKEx). Chinese news outlet Sina Finance reported that Ebang halted that $1 billion IPO raise while under a cloud of alleged involvement in illicit financial activities. In late December 2019, 8BTC reported the company was under investigation by Beijing authorities. The bipartisan bill, known as the Holding Foreign Companies Accountable Act, passed unanimously. It requires Chinese companies to disclose if they are owned or controlled by a foreign government. The companies must also submit to an audit that the Public Company Accounting Oversight Board (PCAOB) can review for three consecutive years. There are over 150 Chinese registered companies listed on the most prominent three U.S. stock exchanges. These companies are currently not subject to PCAOB audits.

Some organizations might look to repatriate back home to the stock exchange in Hong Kong or Shanghai rather than submit to this enhanced regulation. Proponents of the bill point to the recent Luckin Coffee scandal were employees fabricated $300 million in sales to justify the critical need for investors to know more about the foreign organization being listed. Alongside new congressional regulations, Reuters reported that the Nasdaq exchange is preparing to unveil its own new restrictions on IPOs, which will also make it more difficult for smaller China-based companies to get listed. Small Chinese firms often pursue IPOs because it allows their founders and early backers to cash out, rewarding them with U.S. dollars they typically cannot easily access. The founders can use their new Nasdaq-listed status to convince lenders in PRC to fund them or get subsidies from Chinese local authorities after going public.

Per the report, what motivates the proposed rules is, in part, concerns that some Chinese IPO hopefuls lack accounting transparency, have low liquidity, and close ties to powerful government insiders. The upcoming rule change will require companies from certain countries to raise $25 million in their IPO or at least a quarter of their post-listing market capitalization. It would also require auditing firms to ensure that their international franchises comply with global standards. Nasdaq will inspect the auditing of small U.S. firms that audit the accounts of foreign IPO hopeful. In any event, the future for these Chinese ASIC hardware companies doesn’t look for investors. Because of the market price stagnation of BTC, there is no demand for their products. Geopolitical issues aside, they built their revenue models based on the demand growing from a digital currency that has no intrinsic value or utility. 

Article Produced By
Jacob Rozen

Jacob is a lifelong system engineer and a longtime advocate for Bitcoin. His goal is to continue learning more about Bitcoin SV while also helping onboard other into the ecosystem.

https://coingeek.com/china-blockchain-firms-may-lose-access-to-us-capital-markets/

Heiko Closhen, Entrepreneur

Bitcoin Association opens registration for third BSV Hackathon

Bitcoin Association opens registration for third BSV Hackathon

Today, Bitcoin Association officially announces and opens registration for its third BSV Hackathon competition

for developers, with $100,000 in cash prizes (payable in Bitcoin SV) staked for the winners. Following two successful Hackathons in 2019, Bitcoin Association is once again delighted to partner with leading enterprise blockchain development firm nChain, as well as digital currency conglomerate CoinGeek to organize this third competition. BSV Hackathons are global coding competitions for developers. Within a set frame, entrants (which can be individuals or teams) are tasked with developing an application on the Bitcoin SV blockchain within the parameters of an overarching theme announced at the commencement of the competition.

Registration is free and open now. This 3rd iteration of the BSV Hackathon will look a little different from past editions. As with prior competitions, there will be a virtual competition period, but it will last almost two months rather than just over one weekend. The virtual competition commences on June 23 and ends August 18. This longer competition period allows entrants to take advantage of their extended time at home during current COVID-19 self-isolation periods, and conceptualize, design and build a more complete project. Entrants will be provided with access to a digital platform designed to facilitate collaboration between team members, as well as experts from nChain and even fellow competitors who will be available to provide advice throughout the competition period.

Following the virtual competition period, three finalists will be selected by a panel of expert judges. The finalists will present their submission at the CoinGeek New York conference (anticipated to be in New York in October 2020) for final judging. Normally, a representative from each finalist entry is flown to the CoinGeek conference city to make their presentation in front of the live conference audience. Given event and travel conditions due to the COVID-19 pandemic, Bitcoin Association will evaluate later whether finalist presentations will happen live or through online video. The winner will walk away with a $50,000 prize, with $30,000 for second place and $20,000 for third, all paid in Bitcoin SV.

Jimmy Nguyen, Founding President of Bitcoin Association, commented on the announcement, saying:

‘It’s extremely exciting for Bitcoin Association to kick off our third BSV Hackathon, following months of work from our team planning for the competition. Developer training is a core element of Bitcoin Association’s work and the BSV Hackathons provide a fun opportunity for developers to test themselves and learn more about building applications on the Bitcoin SV blockchain, all the while competing for some serious BSV prizes! We encourage all developers – whether you have worked on other blockchain platforms or have no blockchain experience at all – to compete in this Hackathon and build with us on BSV.

Past entrants have used the BSV Hackathon as a platform from which to build and develop not only innovative solutions, but real businesses – as finalists have the opportunity to be considered for investment if their projects can sustain a business venture. Now that Bitcoin SV’s Genesis upgrade has restored the original Bitcoin protocol and massive scaling continues on BSV, I’m looking forward to seeing what creative developers can build using the technical power inherent in the original Bitcoin and the massive scaling capabilities of BSV.’

Steve Shadders, CTO at nChain, also spoke, saying:

‘The BSV Hackathons are a great point of entry for developers interested in developing blockchain applications. They’re an exciting time for us here at nChain too – we’ll once again be responsible for the technical elements of the competition, with our team providing support and development assistance throughout the competition. We’ve seen some excellent ideas come to fruition as a result of the first two BSV Hackathons and I’m sure that with the longer time frame for this third competition, we can expect many more to emerge this time around.’

Article Produced By
Press Releases

https://coingeek.com/bitcoin-association-opens-registration-for-third-bsv-hackathon/

Heiko Closhen, Entrepreneur

Does Russia hate digital currency?

Does Russia hate digital currency?

Recently, a number of draft bills have surfaced in Russia that would prohibit and criminalize digital currency if they were to become law.

The bills penalize individuals and companies who make payments or are looking to buy/sell digital currency with expensive fines and jail time. Many people are calling the draft bills “anti-crypto.” 

The details

The bills were reportedly drafted by staff at the Digital Economy think tank and the Skolkovo business accelerator. The bills prohibit using digital assets as a means of payment, purchasing digital currencies with cash or by transferring funds to Russian bank accounts, and disseminating information regarding digital currencies. The only way that an individual or company is allowed to partake in any sort of digital asset activity under the new bills would be if they submit a declaration and receive a court order that permits it, or if they receive digital currency via an inheritance transfer.

The penalties 

The proposed bills include strict penalties for those who break the law. If individuals continue to issue digital currency to others under these laws, they would have to pay a fine ranging from 50 to 2 million rubles ($.70 to $28,000) If an individual participated in a digital currency transaction—using digital currency as a means of payment—they would have to pay a fine ranging from 20 to 1 million rubles ($.28 to $14,000) or could face up to 7 years in jail. Regardless of how an individual breaks the proposed laws, the digital currency involved would be confiscated by authorities.

Preventing the development of Russia’s digital asset industry

If these proposed bills are put into law, they would cripple the development of Russia’s digital asset industry. “In general, the package of bills is clearly aimed at preventing the development of cryptocurrency projects on the territory of the Russian Federation,” Efim Kazantsev, an expert at Moscow Digital School, told ForkLog. Companies associated with cryptocurrency circulation and blockchain platforms, in the event of the adoption of this package of bills, will either have to completely shut down or seriously rebuild and get all the necessary permissions.” If the proposed bills become law, then the digital asset industry in Russia pretty much comes to an end. If businesses or individuals wish to keep working with digital currency under these laws, they would have to jump through multiple legal hurdles to receive the necessary permissions to keep operating. Lucky for them, the bill is a long way off from being passed, and is currently being reviewed and commented on by Russia’s Ministry of Economic Development.

Article Produced By
Patrick Thompson

https://coingeek.com/does-russia-hate-digital-currency/

Heiko Closhen, Entrepreneur

How Blockchain can change the business?

How Blockchain can change the business?

Do you want to know how does this technology work?

What are the characteristics of the blockchain that make it attractive to the business? What are the main application areas and projects underway in 2020? What are the points of attention for CIO and top management? Eefficiency, innovation and cyber security: these are the three priorities on which most of the attention of companies focuses today and in all of these the application of the blockchain can “make a difference”. We see below a brief explanation of what blockchain is, how it works and what the main application areas are. Click on Bitcoin Up to know more.

Federated Byzantine Agreement (FBA)

If those described are the two main protocols, others have been created, partly a derivation of these, partly with totally new elements. Among the most interesting are the Federated Byzantine Agreement (FBA), developed by the Stellar Development Foundation (and used since the second half of 2015 by the Stellar blockchain ) based on trusted units (quorum slices) decided by the individual servers that together establish the level of consent of the system. The difference between public and private blockchain Finally, remember that if the blockchain was born as a public way to carry out transactions, Blockchain 2.0 sees the spread of this technology. And it increases the chances to earn more money. The latter are often the result of the creation of consortia for specific supply chains. We can therefore say that we have:

  • Ppublic blockchain: everyone can access and operate transactions within it or participate in the validation process.
  • Bblockchain consortia: the authorization process is delegated to a pre-selected group (among the main consortia there is for example R3 which groups the largest banks in the world). The possibility of joining the blockchain and of carrying out transactions within it can be public or limited to participants only. This type of permission blockchain is particularly suitable for use in the business world.

3 types of blockchain applications, from bitcoin wallets onwards

Today the applications of this technology can be divided into three macro categories based on the development stage of the technologies used. The Blockchain 1.0 category concerns all financial applications for the management of cryptocurrencies (regardless of the validation protocol used) starting from the historical (and which currently still holds the leadership of cryptocurrencies) Bitcoin. In practice, bitcoins are files that can be saved in each user’s digital wallet. Each bitcoin address in the wallet can be associated with a variable number of bitcoins. And each address (public key) is associated with a digital signature (private key), to make sure that only the owner of a certain address can initiate a transaction linked to it. The Blockchain 2.0 category extends the blockchain to sectors other than the financial sector thanks to the implementation of smart contracts The next step will be that of Blockchain 3.0 with the spread of (decentralized applications): a future in which we will all use blockchain technologies, probably without even realizing it, because they are encapsulated in the “things” connected to each other, without human intervention, with applications that will self-compile.

The “crypto-winter”

After the strong media attention received in 2017, driven by the increase in their price, 2018 is characterized by an unstoppable collapse in terms of capitalization. The whole Blockchain community coined a new term to define this moment: “crypto winter “. But winter hasn’t come for the technology behind cryptocurrencies. The Blockchain continues to arouse great interest from companies. The technology evolves, thanks also to the efforts made by the developer communities that revolve around public Blockchains. Meanwhile, the future remains to be written. In the exposition of this text we will therefore speak of Bitcoin blockchain (with a capital “B”), blockchain technologies (with a small “b”) and Distributed Ledger Technologies or the acronym DLT. So crypto-winter is person who is ready to earn by crypto money. He must aware about latest technology of the crypto and know how to use these techniques to earn money. There are many software which are used by the investor to earn more and more cash using the simple techniques and without doing any affords.

Article Produced By
UseTheBitcoin

https://usethebitcoin.com/how-blockchain-can-change-the-business/

Heiko Closhen, Entrepreneur

Is it is good idea to trade in cryptocurrency?

Is it is good idea to trade in cryptocurrency?

Given the rise of digital currencies or cryptocurrencies,

there are risks that must be avoided when buying or spending in the online universe. There are also many cryptocurrencies, and each one is different, which could cause some confusion among buyers. In this article we are going to base ourselves on the pioneering currency, Bitcoin, and we will also talk about secure websites where to buy and spend this innovative currency in the world of technologies.

Is Bitcoin a secure cryptocurrency?

Bitcoin is a currency that today has a high security mechanism. For example, btcs must be purchased through a secure site, such as eToro, from where you can choose to make the purchase as brokers or as exchanges, the first investing in digital assets through contracts and with low commissions based on the spread, while in the second the rates are usually higher.

Delving further into security, it should be noted that the mathematical formulas that support Bitcoin are very strong and it is impossible to access its encryption , if it were not so, the people who trust this system would not do it, also this type of encryption allows updating constant within the system for efficient and optimal use. Of course, special attention must be paid to the private key or private keys that the user and owner of the bitcoin coins have assigned. That is, cybercriminals can steal your private key just like any other, whether it is in PayPal or a Gmail account that is why there is a need to protect our keys and not make it easy for hackers. Bitcoin Evolution is a great way to earn money.

What is Bitcoin Vault?

With pseudo-cryptocurrencies from companies and unscrupulous people looking to become millionaires overnight, the task of finding true investment alternatives to Bitcoin is not an easy mission. A good altcoin that deserves our investment must meet very clear conditions and among the most important are the following:
1. Make it a truly decentralized cryptocurrency.
2. That you have a limited number of units to mine (Bitcoin, for example, has a limit of 21 million units).
3. That offers at least the security that Bitcoin currently offers.
4. That it be welcomed and recognized by the main mining pools, exchanges and crypto investors.

Tips to increase your Bitcoin security

One of the tips that are usually given is that you change your Bitcoin account if you suspect that someone has been able to get your private keys, for this it is easy to register a new account since it is free and so you can send your bitcoin coins to the new one, avoiding any surprises. When buying btc it is good to have activated the option to save and protect the private key inside, otherwise you would expose yourself to taking unnecessary risks. As for the password to protect your private key, it is best to use a password of more than 10 random characters, as well as letters and numbers and don’t forget to remember it. Here you can find some ideas to create a safe and easy to remember password.

Finally, do not trust even your own computer or laptop; always keep all your devices, even your mobile, clean from viruses and malicious programs. Finally, keep in mind that if you decide to use an online wallet for Bitcoin, investigate carefully who is behind it since it could have access to your data and keys; the best option is to use an offline wallet.

Places to spend bitcoin safely

In recent years the community to spend btc cryptocurrency has been growing and there are already a few websites where the owners of this currency can spend it without any concern. From brands like Expedia that were pioneers in allowing payment with btc to Internet service providers such as the purchase of domains. Nor should we forget the physical shops, which are increasingly aware of the use of this type of currency and offer the consumer this option. Security is something to keep in mind when buying and spending btc, as well as doing your own research on the matter on the Internet.

Article Produced By
UseTheBitcoin

https://usethebitcoin.com/is-it-is-good-idea-to-trade-in-cryptocurrency/

Heiko Closhen, Entrepreneur

How you do your Bitcoin out of a paper wallet

How you do your Bitcoin out of a paper wallet

 If you have a paper wallet (actually only a piece of paper that includes the secret key to access your Bitcoin),

then the information you need to access your money is on paper. It is a set of numbers – usually starting with a 5 – known as the private key.

How to get your Bitcoin

Hardware wallets (also known as cold wallets) consist of external storage devices that are designed to keep your Bitcoin as secure as possible. This means that getting your money out can be a bit tricky. The easiest way to do this is through the hardware portfolio’s own service or software. If you want to know about the Bitcoin Future, it is good idea to read bitcoin latest updates.

Ways to lose your crypto-currencies.

1. Losing your password.

One of the most absurd and frequent ways to lose your coins is to lose your password. There are many who long ago bought bitcoins to use as currency and given their little use, they left them cornered in a drawer. This drawer was the hard drive of a computer, which when it was obsolete ended up in the trash. At other times the key was in a USB that refused to resuscitate, after years without using it. Now that the price is skyrocketing, they pull their hair trying to get their old coins back. Other times the owners have their bitcoins, but they cannot use them because they do not remember where they kept the keys. These days, they’re trying to find a discarded disc, which they assume is in a dump in South Wales.

2. Hackers

Yes, it is possible to steal your information from your computer or mobile phone without your realizing it. The latest theft detected by this system operates in the shadows and hijacks a currency transfer operation to a virtual wallet. Basically, the user enters his private key in the wallet where he wants to send the money. The Trojan detects the operation and replaces the target wallet with its own. This crypto shuffler has been stolen more than $ 140,000, according to Karspersky. There are also cases of wireless key theft. A client claims to have lost $ 155,000 of his digital portfolio after connecting to the Wi-Fi of a restaurant

3. Pump with timer.

Tether, a startup that works with the exchange of crypto-currencies in virtual wallets, claims that a hacker stole $ 31 million from them. The most worrying thing about the news is not the robbery itself, but the possibility that it is a robbery from the inside. This aspect is something that is being investigated. These systems are created by developers who can insert lines of code to be activated on a favorable date or circumstance. Programmable internal theft is a real threat. At other times “pre-mined” cryptocurrencies can be put into circulation. With this system it is easy to guess how the listing price can be manipulated.

4. Bugs.

An error in the development of systems can cause the loss of currency by mistake, or facilitate its theft once the vulnerability is discovered. You don’t have to be a great cyber security expert; we all are familiar with cases of unexpected vulnerabilities. The penultimate one that affects the security of Wi-Fi networks. The last one that affects a series of digital certificates printed on our DNI, and that has already been disabled. The last such loss was $ 300 million, when a technician trying to restore the functionality of a series of virtual wallets blocked them forever.

5. The traditional scam.

A system already successfully used to steal bitcoins is the hacking and subsequent hijacking of a computer. The sadly famous “Wannacry” locks a computer and asks for a ransom in bitcoins. Phishing attacks such as those that continue to be used successfully against bank accounts can also be used. Cheating is something that is beyond e-security. It does not matter how sophisticated and secure a system is in its implementation, if someone is able to gain your trust and make it easier for you to access your data.

Article Produced By
UseTheBitcoin

https://usethebitcoin.com/how-you-do-your-bitcoin-out-of-a-paper-wallet/

Heiko Closhen, Entrepreneur

Riding the wave of artificial intelligence with Sensitrust

Riding the wave of artificial intelligence with Sensitrust

The disruptive technologies of this era have brought about a term called “programmable economy”,

created by Gartner Inc that describes the all-new smart economy which is a result of technological innovations. It is the way now goods and services are created and consumed that has enabled diverse ways of exchanging monetary and non-monetary values. The traditional ways, which appear very inefficient and non-optimal, are making it difficult for companies to get a position in this competitive world. Time-to-market has become crucial and a delay in product or service release leads to loss of money and reputation. This wave of Millennials and now Gen Z workforce is all about passion economy which enables them to pursue what they love and make money out of it. The idea of working from home, flexible hours and new business models to support this is inundating the workspace and the job arena. This change calls for an evolution in the way recruiting is done, with the advent of artificial intelligence in this space.

Blockchain technology is an emerging technology being adopted by forward-looking companies which is all about shifting from a centralized to a decentralized, transparent, and safe way of managing data. Using this technology, the activities of all the stakeholders of a project are supported by Smart Contracts, while the adoption of sophisticated methods of Artificial Intelligence helps the stakeholders to make business-critical decisions. In this context, working nomads, who travel and still keep in touch with their customers, is very alluring but also requires safety measures and regulation. Sensitrust aims to be that bridge between customers and professionals to define a new ecosystem of safe interactions by exploiting the peculiarities of Blockchain, Smart Contracts, and Artificial Intelligence technologies.

Blockchain technology is also referred to as DLT (Distributed Ledger Technology) and is a means to share digital assets whose integrity is preserved by maintaining a transactional ledger of all changes happening to the asset. This revolutionary technology allows a scalable and risk-free system for several uses. How will it be if you can get the right kind of data, which is always up to date, which matches professionals to customers and gives the most appropriate advice by filtering from a large amount of data?

Instead of rummaging through a wide array of profiles, many of which are of no use to you, you can actually get a selected few which are an ideal match for your requirements. Imagine how much time you would save and also make a risk-free selection by eliminating wrong profiles. This is where the AI technology, adopted by Sensitrust, comes in with its predictive engine. It acts like a human expert who has accumulated a huge experience analyzing historical data, collected organically in the platform, to predict the outcome of newly occurring situations. The predictive engine of Sensitrust is capable of learning from mistakes automatically in a transparent way using deep neural networks and many other models. The many ways it helps customers and professionals are the following:

  • It exploits advices and feedbacks of customers to provide more customized profiles, following all the requirements and constraints.
  • The analysis performed for a successful project is used by the engine to improve the outcome of similar future projects.
  • It provides professionals with valuable inputs for proposing their participation to Calls To Action (CTAs). By matching active CTAs to the expertise and skills of a professional, the engine will suggest ideal campaigns from the numerous opportunities available.
  • Recommendations are provided to customers to consider which team of professionals could possibly act on their CTA and send them automatic notifications. This is done by considering the similarities with past successful participations of  professionals to CTAs.
  • It also exploits past negative cases which led to disagreements and disputes, in order to avoid such situations in the future.
  • It can predict the customer satisfaction according to the service level that a professional can potentially offer, in terms of products and services. This provides a significant advantage, since professionals are selected based on the level of satisfaction they can bring to the customer and not only on the basis of the cost or past feedbacks.
  • Customers will receive advices about the most fitting subscription for his needs (both upgrades and downgrades) to optimize the cost/benefit of his experience in the platform.
  • The cost asked by professionals is analyzed by the predictive engine to figure out if it is appropriate or not. It takes into account multiple aspects like popularity and skill of professionals, feedback received by professionals on similar projects, etc.

The Sensitrust native token (SETS token) will be used to access all such services at a discounted rate.

This plethora of capabilities provided by Sensitrust is backed by a team of highly informed technical wizards who make use of the latest and most sophisticated AI and Machine Learning approaches, including:

    • Deep Neural Networks, that are able to classify and forecast future values on the basis of videos, images, or time series.
  • Tree-based models, that provides predictive models which decisions can be directly read, interpreted and validated by human experts.
  • Recommender systems, that are used to provide suggestions on the basis of the description of items (such as, user profiles, projects, activities) and on the basis of common relationships among them.
  • Clustering methods, that identify groups of similar items on the basis of their characteristics and relationships. Sensitrust will identify groups of customers, professionals and activities for profiling purposes, as well as to provide predictions and recommendations.
  • Natural Language Processing (NLP) methods, that analyze text-based unstructured data, to perform tasks such as translations. Sensitrust will automate the review of specifications and the evaluation of the quality of products or services which can be described textually.

Sensitrust is a platform which helps in managing data and artefacts used for carrying out projects, by means of Smart Contracts, throughout all the phases of a project which is developed using this platform. The many applications of Sensitrust can be found in the IT industry for hiring quality professionals, in the banking domain by replacing traditional operations with Blockchain-based solutions, and also in the Academy, for the identification of expert reviewers as well as of an international team for the implementation of research projects.

Article Produced By

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He is the founder of Blockmanity. He trades cryptocurrencies and holds some but he prefers holding

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