Steven Seagal/bitcoinnewsboards

Steven Seagal gives a thumbs-up to cryptocurrencies.

Yes, you heard it right. Steven Seagal himself, endorsing cryptocurrency Bitcoiin2Gen.

It is one of those times when you think things couldn’t get more interesting in the crypto world, but then it does. Steven Seagal is now a part of the up-and-down world of Bitcoiin and its cryptocurrency. The 1990s action movie star is officially endorsing the Bitcoiin2Gen cryptocurrency.

The actor hasn’t had a hit in 20 years and is currently known for churning out straight-to-DVD action films.

Seagal noted his new role as ambassador for the Bitcoiin2Gen cryptocurrency with a Tweet. Apparently, the worldview and ideology of Seagal mesh perfectly with those developing the new virtual currency.

For Bitcoiin2Gen, the choice of Zen Master, Steven Seagal is obvious as brand ambassador, this extends our long-term commitment towards the community.

Bitcoiin2Gen aims to make a superior or more advanced version of Original Bitcoin. Bitcoiin2Gen is a self-sustaining cryptocurrency that provides at launch its own ecosystem, its own wallet, its own mining machines and the ability to exchange the coin to popular altcoins or FIAT currencies.

Know more about this virtual currency here: https://bitcoiin.com/code/theme/default/pdf/Bitcoiin-Whitepaper-compressed2.pdf

The official announcement was as follows:

“As a Buddhist, Zen teacher, and healer, Steven lives by the principles that the development of the physical self is essential to protect the spiritual man. He believes that what he does in his life is about leading people into contemplation to wake them up and enlighten them in some manner. These are precisely the objectives of the Bitcoiin2Gen to empower the community by providing a decentralized P2P payment system with its own wallet, mining ecosystem and robust blockchain platform without the need of any third party.”

The Securities and Exchange Commission previously issued a statement warning people about the dangers of celebrity-backed ICOs.

It says, “Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments,” the SEC warns in a statement in November 2017. “These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.”

There are 34 days left in Bitcoiin 2Gen’s ICO.

It’s also important to highlight warn potential investors that ‘Bitcoiin 2Gen’ isn’t actually part of Bitcoin. The spelling with an extra ‘i’ is intentionally dubious as it attempts to ride off the back of the successful Bitcoin name when it in actual fact is a token based the Ethereum blockchain.

The SEC urges caution when investing into cryptocurrencies that feature celebrity spokespersons, like what Bitcoiin is doing. It further advises that consumers should do a large amount of research on the subject before investing and that relying on the word of celebrities may not the best investing advice.

Liberland/bitcoinnewsboards

Liberland – A Recently Designed “Nation” Successively On Cryptocurrency

Vit Jedlicka has formed a virtual state, called Liberland, that runs on cryptocurrency contributions and will launch its own token in the upcoming months. Half a million people have applied for nationality to the nation – which sits on a sandbank stretching 7km next to the Danube River,10km south of the Hungarian border.

Liberland state-business is directed over email, WhatsApp, and Skype, allowing the 100 like-minded Liberland representatives across the globe to stay in communication. The nation is in the progress of initiating its own legal system on blockchain technology. And will create allocating its own coin, Merit, on April 13th — which coincides with Liberland’s third anniversary. All those who pay taxes will, in turn, receive Merit, successfully allowing donors a stake in the country.

The country obtains Bitcoin cash, Bitcoin, and Ethereum donations to run its economic processes, and the state economical is circulated between nearly a dozen cryptocurrencies. Putting yourself at the compassion of a possibly unstable asset might sound like a strange idea.

Liberland’s slogan is “live and let live,” but right now it’s not that modest for Jedlicka, who jokes that his present home is “on a plane.” Jedlicka is continuously roaming the globe promoting his scheme and meeting with representatives in addition to other parties involved in creating similar libertarian-minded living spaces in Africa and Central America.

Presently, Croatian police are involved in a game of cat and mouse with early Liberland “citizens,” who are frequently detained and forcibly removed: Around 100 people have been prevented since the announcement of Liberland in 2015. “We were indicted for leaving Croatia and the Schengen zone illegally,” he says. But that’s not all bad, as, according to Jedlicka, “That is matter-of-fact confirmation that Liberland is not part of Croatia.”

Reddit/bitcoinnewsboards

Reddit Turns Against Hopeful Female Bitcoin Coder

It is not infrequent for teens to generate cryptocurrency-related applications. Any effort made in this concern wants to be applauded first and leading. This is particularly true when females start to show a notice in Bitcoin and other related currencies. In the case of Harshita Arora, her first practice with a Bitcoin application has not been excessively optimistic. In fact, it seems all of Reddit decided to chew her out because of this specific application.

 Cryptocurrency price tracking applications are relatively popular these days. A lot of people need to keep close tabs on how the markets are developing at all times. It is uncertain why a portion of the Reddit community revolved their negative attention to Harshita’s application. Though her application works just fine, people basically didn’t purchase her story in the slightest. No one considers a 16-year-old female can build a cryptocurrency price tracking application, for a particular cause.

Certain commentaries even went to the extent that uttering how she isn’t a 16-year-old girl at all. Instead, the app is professed as a massive scam by an anonymous male to vend the application as much as probable. With so much attention for this app on Reddit, it is indeed possible a reasonable few sales have been made in the procedure. Harshita obtains a lot of threats ranging from rape warnings to hateful emails and even the “plagiarization” comment. All of her productiveness is not respected by Redditors.

Harshita Arora has a major placement at Salesforce on her take up again. She also took part in an MIT summer program, which offers an appreciated learning skill. Her Crypto Price Tracker entirely for iOS is accessible for iPhone users currently.

Power Ledger/bitcoinnewsboards

Power Ledger Creates Inroads in the US Energy Trading Area

The earlier few months have been exciting for Power Ledger. After effectively finishing their ICO, the team is moving forward at a faster step. They also profit from the advanced Bitcoin value associated with when their crowd sale was live. With a few extra funds to use, things can move forward a bit earlier. So far, Power Ledger has established: a $30m windfall due to the increasing Bitcoin price. Moreover, the money upraised through Ethereum and Litecoin is also gaining in value.

At the same time, the dropping prices haven’t done the company any favors. A lot more income was made when Bitcoin hit $18,000 and more. That price point is not maintainable as of right now, but the markets are gradually improving. Power Ledger isn’t resistant to cryptocurrency volatility, yet it doesn’t hinder their commercial so far. Things are falling into place, partially thanks to the new company with Helpanswers. Bringing blockchain to clean energy transaction is a very positive growth for all parties involved.

Without a beneficial platform and organization, Power Ledger won’t get too far. Most of the money upraised during the ICO are used to make the platform obtainable on a global basis. There is still a lot of work to be done in this concern. Transforming peer-to-peer energy trading will not occur overnight at all. Helpanswers will show to be an appreciated partner in this concern. This non-profit objective to extend the idea of clean energy across the United States. Numerous hundreds of sites in the US can deliver mutual 50-megawatt hours of solar power. Moreover, there is room for 50-megawatt hours of battery energy storage as well.

cryptocurrencies/bitcoinnewsboards

What is Canada’s say on cryptocurrency?

In Canada, cryptocurrencies can essentially be treated as money, a commodity, or even income. This makes things quite difficult. According to a report by a law firm, the current regulations on cryptocurrencies are not enough and people are struggling to figure out how they should be reporting these transactions.

At the World Economic Forum in Davos, Canadian Finance Minister Bill Morneau said his country isn’t planning on making changes to existing tax code to deal with cryptocurrencies. Rather, the main focus will continue to be on “making sure that we understand what’s going on underneath that market, to make sure that we aren’t introducing any risks into our economy, whether they be risks like money laundering or terrorist financing.”

Right there, in Canada, decade-old tax rules with no specific provisions for cryptocurrencies are being applied to a fast-changing online technology that presents its own complications. The existing system generally considers Bitcoin a commodity, and profits can be either a capital gain (half of which is taxed) or fully taxable income, like a salary. Really, it depends on the facts and circumstances of a particular taxpayer.

On the other hand, the Canadian governor warns people to stay away from virtual currencies saying, “Buyers should beware, it’s much closer to gambling than investing.” He said regulations will eventually come and they will be developing regulations around this space in due course while they’re being careful to do here is to not stifle innovation.

Read the talks with Poloz here: http://blocktribune.com/bank-canada-head-will-regulate-cryptocurrency/

Meanwhile, news like these are running the errands: Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is. The limited-time marketing move sees the Canada-based chain advertising “The Bitcoin Bucket” complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.

Also, the Canadian government has launched a trial to explore the use of blockchain technology in making government research grant and funding information more transparent to the public.

It has been noted that Canada may soon be able to count itself among the world’s prime cryptocurrency mining destinations. Canada might be able to solve Bitcoin’s energy problem, as cryptocurrency mining becomes more prevalent, mining operations increasingly use more energy.

Let us wait to watch the picture of Canada with cryptocurrencies.

Cryptocurrencies/bitcoinnewsboards

Cryptocurrencies’ scorecard by Weiss- find here.

On January 24 this year, investment rating company Weiss Ratings released its ratings of 74 cryptocurrencies.

However, the list is only available for purchase, it was possible to access it for free under a specific subdomain on the company’s site, which allowed many individuals to download, share, and read the list.

The official report has Bitcoin coming in with a “fair” C+ rating. The rating agency says bitcoin faces major challenges that have resulted in delays and high transaction costs, without immediate plans for an upgrade than other cryptocurrencies. Weiss Ratings also said it suffered denial of service attacks from Korea in the hours heading into the rating announcement, and blamed Korean social media posts for raising fear the agency would release negative ratings on certain cryptocurrencies.

Ethereum, on the other hand, was given a “good” B grade, as the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.

The only other coins to receive a B- or B rating include Cardano, EOS, Neo, and Steem, while most coins garnered C-, C, or C+ “fair” grades in the same vein as Bitcoin.  There were a few poor performers in the group with D ratings, including PotCoin and Matchpool, but none of the 74 rated coins aced Weiss’ initial review as not a single one was given an A for “excellent.”

What happened during the rating phase was-

On the eve of the ratings’ inauguration, Weiss Ratings’ website fell prey to a distributed denial of service attack. The DDoS attack, which Weiss claims originated from Korea, left the site out-of-order into the morning of January 24th.

To add fuel to the fire, fake copies of the report began circulating online bearing a January 25th release date instead of the actual January 24th date.  In addition, the fraudulent copy appears to have been drafted on Microsoft Excel, and it gives Tron an A++ rating, while Weiss Ratings highest grade is A+.

While these ratings did not appear to have a major effect on the majority of coins listed, this event does have larger implications. The role of institutional investors has been a hot topic since more and more entities have entered the fray. If these ratings reflect the capability of institutional traders in the world of blockchain, then traditional investment experience plays a minute role in the ability of a cryptocurrency trader.

Verge/bitcoinnewsoards

Verge hard forks for stealth trades

The Verge team broadcasted the achievement of the fork in its Twitter feed and specified that stealth transactions are currently being managed. The fork happened at block 1,824,15o a few hours before and systems are functioning within usual limits. The fork does not disturb current XVG tokens and there is no second type of Verge. It has been an advancement to the current blockchain to progress the technology and simplify anonymous transfers. Verge is single in that it gives the user the choice of having the transaction on the public ledger or private. This is attained by the Wraith protocol which was due to be released in New Year but missed a few aims.

Crypto traders are indecisive and several will act on the word of a shill or social media FUD so a selloff happening. The price of XVG fell from an all-time high of $0.26 on December 24 to $0.06 through the crash last week. It is still down-trending for the month as are most cryptos but could recover on the broadcast that Wraith is lastly ongoing and functioning. Over the past three months, Verge has risen 1700% to its level now according to Livecoinwatch.com.

Anonymous cryptos are fetching more popular in the wake of banks and management looking for more transparency from exchanges. Their reasoning is to avoid money laundering and violence but collecting taxes is perhaps closer to the truth. Other altcoins offering anonymity include Monero, Zcoin, Zcash, and PivX. One corporate misconception among new users is that Bitcoin is anonymous yet you still want a named account to use it and transactions are perceptible on the blockchain.

Being capable to select whether to continue anonymous or not will be a great appeal to those wanting peer-to-peer crypto transfers. This is basically what they have initially planned for an enormous revenue driven exchanges have battered some of this ethos. The roadmap for Verge comprises privacy based smart contract capability called Rootstock and an online store. The upcoming could be positive for this altcoin.

cryptocurrency/Bitcoinnewsboards

All plus and minus in cryptoworld, worldwide.

What is happening in the cryptoworld currently? As on writing (25th January 2018), the followings positives and negatives are noted-

Positives:

  • Cryptocurrency signs its first sponsorship deal with Team Arsenal: Arsenal has signed a sponsorship deal with the US cryptocurrency CashBet. It which plans to raise between $40 million and $70 million from the sale of CashBet Coins tokens in its ICO, uses Arsenal’s crest and player’s images on its website and the club describes CashBet as its “first official cryptocurrency partner”in this cryptoworld.
  • Cryptocurrencies received its first credit rating: The Weiss Ratings agency, one of the oldest professional and financial grading services in the US, released its much-anticipated cryptocurrency ratings today. The securities rating firm is the first to give a rating to cryptocurrencies.Weiss Rating has ranked Ethereum as “better” than bitcoin, as well as the EOS coin, in its first cryptocurrency ratings. Bitcoin received a C+ rating from the firm, while Ethereum’s B rating was received due to the fact it benefits from more readily upgradeable technology, with a development team moving fast on it, as well as better speeds. The third-largest cryptocurrency Ripple only managed to receive a rating of C, despite its partnerships with big global financial institutions.
  • South Korea proposes to start real-name trading of cryptocurrency: South Korea plans to require local banks to launch a real-name system for cryptocurrency trading that will require the up-to-now anonymous transactions be traceable as the country seeks to curb speculation and criminal activities.

Negatives:

  • US charges cryptocurrency creators over $6 million scam: US regulators are making good on their promise to get tough on crypto fraud. The Commodity Futures Trading Commission has filed complaints charging My Big Coin Pay and two of its operators, Randall Crater and Mark Gillespie, with using the company’s My Big Coin cryptocurrency as part of an ongoing, not-so-subtle Ponzi scheme. Continued crackdowns like this might deter some perpetrators, but it may be hard to completely eliminate as long as cryptocurrency values are through the roof.
  • South Africa banning crypto trading accounts of foreigners: South Korea’s financial regulators set the pace for sweeping cryptocurrency regulations to curb speculative overheating and illegal activity on Tuesday, including banning foreigners and minors from opening new cryptocurrency accounts.
Litecoin/bitcoinnewsboards

Litecoin Reaches New Heights.

Litecoin was released as an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee. The Litecoin network went live on October 13, 2011. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time, increased maximum number of coins, different hashing algorithm, and a slightly modified GUI.

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours. Litecoin reached a $1 billion market capitalization in November 2013. By late 2018, its market capitalization was US$4,600,081,733.

The price of this coin reached an all-time high of $255.42 on 2017, according to industry website Coinmarketcap.com, which takes the volume weighted average of all prices reported on different exchanges to work out the price.

In May 2017, It became the first of the top-5 cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second.

Litecoin is different in some ways from Bitcoin.

  • Its Network aims to process a block every 2.5 minutes, rather than Bitcoin’s 10 minutes. The developers claim that this allows Litecoin to have faster transaction confirmation.
  • It uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Its creator Lee on a number of occasions has said that it can be a key player in payments because of the transaction speed, whereas bitcoin is more a store of value. It has also benefited due to bitcoin’s slow transaction speed.

Due to it’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.

Another reason for it’s rise could be down to investors trying to diversify into other cryptocurrencies. On Tuesday, around 40 percent of litecoin was bought using bitcoin, according to data from industry website CryptoCompare.

“As the wealth of those holding bitcoin continues to rise, especially among traders based in Asia, naturally they will be seeking to diversify their portfolio into other crypto-assets,” Thomas Glucksmann, head of marketing at cryptocurrency exchange Gatecoin.

“It is one of the major alternative cryptocurrencies, or altcoins, that competes with bitcoin on transaction efficiency so naturally, it is a strong choice for diversification. It has always been one of the most underrated cryptocurrencies given its advantages over bitcoin.”

Circulating supply 54,535,183 LTC (2017)
Supply limit 84,000,000 LTC
Valuation
Market cap $12.7 billion USD (2017)