RSK Mines Its Genesis Block – Bitcoin Now Has Ethereum-Like Smart Contract Platform

Source : RSK Mines Its Genesis Block – Bitcoin Now Has Ethereum-Like Smart Contract Platform This post was originally published on this site RSK Labs has finally mined its genesis block and formally launched its long-awaited Bitcoin-based smart contract platform and sidechain on the mainnet. While still in beta with limited distribution, the new RSK sidechain is expected to offer significant scaling benefits to the Bitcoin network. News.Bitcoin.com caught up […] The post RSK Mines Its Genesis Block – Bitcoin Now Has Ethereum-Like Smart Contract Platform appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

Ripple and XRP – Revolution or Scam?

Source : Ripple and XRP – Revolution or Scam? Ripple has been booming lately as more and more financial institutions have started to use the service for its fast transactions and extremely low fees. As banks seek to move away from the somewhat outdated SWIFT system, the Ripple protocol and it’s token XRP has risen up as a viable alternative. Ripple is also a very controversial coin, with proponents talking about interest from banks and opponents worried about centralization and lack of real world adoption. Will there be a demand for Ripple and XRP Previously, there were concerns about the use of the token. In theory, it is possible to use the Ripple payment protocol without the XRP token and people were left to wonder about it’s worth. However, Ripple has recently tweeted that, “3 of the top 5 global money transfer companies plan to use XRP in payment flows in 2018”. 3 of the top 5 global money transfer companies plan to use XRP in payment flows in 2018. Even more in the pipeline. https://t.co/5JOlxe20Ur — Ripple (@Ripple) January 5, 2018 Furthermore, the CEO of Ripple, Brad Garlinghouse, has also confirmed that banks and payment providers plan to use xRapid (the XRP liquidity product) in a serious way. Future outlook for Ripple – serious challenger to bitcoin or scam? Ripple, currently second in market capitalization, has been continuing on an upward trend. At press time, the altcoin was trading at an average of $3.36. With a market cap of over $131 billion, it is over half that of bitcoin. One thing to take note of though is the high supply of Ripple. Bitcoin will only ever have at most, 21 million coins in circulation. Ripple currently has over 38 billion XRP issued. If we set the supply of Ripple to 21 million, using its current market cap, each coin would be over $6,200. And looking at it that way might ward off potential investors. The success of Ripple and other altcoins have led to an all time low for bitcoin dominance at 33.3 percent. With this recent news, will we finally be seeing a challenger to bitcoin for the top of the crypto throne or is just another flash in pan? One thing for certain is that 2018 is sure to bring much more exciting news for crypto. [youtube https://www.youtube.com/watch?v=Y1GshH0F9Ic?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent&w=840&h=503] Ripple Total supply vs Circulating Supply The XRP token was created with a significant portion of it reserved for development of the coin. Unlike mining, these coins can be issued out by the owners  (either the founders of ripple or Ripple Labs).  This is a large difference between the circulating supply and the total supply as well, with almost 60% of XRP left to be distributed. If XRP had the same supply as Bitcoin the Price would be walloping $18,953! The post Ripple and XRP – Revolution or Scam? appeared first on BoxMining.

Bitcoin Price Watch; Trading The Recovery

Source : Bitcoin Price Watch; Trading The Recovery It is Friday morning and it’s time to take the first of our twice daily looks at the bitcoin price. Over the last few weeks, the final session of the week (i.e. the one that lies just ahead of us) has been quite a bit more active than the sessions that preceded it. Exactly what this is symptomatic of remains unclear but it’s a trend that we have been able to take advantage of on a number of occasions and it’s one that, heading into today’s session, we hope we will be able to take advantage of once more. So, to quickly address price action overnight, things ran up late US to stage something of a recovery and then took a bit of a dip heading into the early morning European session this morning. Right now, we are sitting somewhere between the peak and the trough and, with any luck, we will see things once again reverse to the upside and eat away at the end of year decline that we saw heading into the new year last week. As ever, then, take a quick look at the chart below before we get into the nitty-gritty. The chart is a one-minute candlestick chart and it has our primary focus range overlaid in green. As the chart shows, the range that we are using for the session today comes in as defined by support to the downside at 15969 and resistance to the upside at 16190. If we see price close above resistance, we will enter into a long trade towards an immediate upside target of 16300. A stop loss on the position somewhere in the region of 16165 looks good from a risk management perspective. Conversely, looking the other way, if price closes below support, it will signal a short entry towards a downside target of 15880. A stop on this one at 15990 works well. Charts courtesy of Trading View The post Bitcoin Price Watch; Trading The Recovery appeared first on NewsBTC.

ShapeShift Enables NEO Support for Cryptocurrency Enthusiasts

Source : ShapeShift Enables NEO Support for Cryptocurrency Enthusiasts It’s always good to see existing cryptocurrency services support new currencies. In the case of ShapeShift, they have been adding quite a few coins throughout 2017. It seems this trend will carry over into 2018, as the first new currency has been added already. NEO, one of the top 15 cryptocurrencies, is now available for trading on this platform. Supporting different currencies is the bread and butter of ShapeShift. This service allows users to convert between different currencies without creating an account. Although it can’t be used for major transactions in one go, it has a certain appeal. Especially for users who don’t want to rely on regular exchanges, such a platform can make a big difference. After all, it is convenient, has low fees, and transactions are completed very quickly. Adding NEO to the list of supported currencies makes a lot of sense. NEO Trading is Live on ShapeShift As a result of this move, NEO can now be traded against all other supported currencies. This will give the popular altcoin a lot of new trading markets waiting to be explored in the future. Right now, trading NEO is somewhat limited to Bitcoin and Ethereum across most platforms. With ShapeShift, about 30 different combinations are added to this list as we speak. It is always good to have more options at one’s disposal, to say the very least. As is always the case, it remains to be seen if this will generate more interest in NEO. While it is a popular altcoin, it’s not even close to rivaling Ethereum. That seems a bit odd, considering this altcoin refers to itself as the Ethereum of China. It will be interesting to see how the future plays out for this currency. Its value has gone up steadily throughout 2017 and that trend is still in place during the first week of the new year. ShapeShift has quickly become one of the most popular cryptocurrency conversion services in the world. Their service is easy to use and a lot of currencies are supported as we speak. The addition of NEO will be beneficial to this company as well, in the long run. For now, it remains to be seen if there is sufficient demand to warrant this addition. Only time will tell if that is effectively the case. The post ShapeShift Enables NEO Support for Cryptocurrency Enthusiasts appeared first on NewsBTC.

Will Ripple Crash Soon, Following Bitcoin?

Source : Will Ripple Crash Soon, Following Bitcoin? Will Ripple Crash? The Ripple XRP juggernaut continues to roll! Ripple XRP was trading at over $3.70 at the time of writing. Bitcoin, on the other hand, continues to take a beating and is down by almost three percent. So what is driving this rally and is an XRP crash coming? The increasing demand for crypto assets is primarily the result of the craze for decentralized currency combined with the power of blockchain technology made popular by Bitcoin. But the fact is that Ripple XRP is a totally different crypto beast than Bitcoin. Ripple XRP is not a decentralized currency as the majority of XRP is owned by the company and its founders. Hence, saying that there might. The post Will Ripple Crash Soon, Following Bitcoin? appeared first on Profit Confidential.

Coinbase Rejection Sees Ripple Drop 20% As Rumors Evaporate

Source : Coinbase Rejection Sees Ripple Drop 20% As Rumors Evaporate Ripple’s seemingly unstoppable bull run took a hit Thursday after US exchange Coinbase dispelled rumors it would add the asset. ‘No Plans For New Assets’ From highs above $3.60, the latest milestone in what has become the biggest-ever annual appreciation for a major cryptocurrency of around 35,000%, the platform’s XRP token swiftly fell by almost a fifth following the news. As of press time Friday, XRP is correcting and is still down 9% versus USD and 15.4% against Bitcoin (BTC). A blog post from Coinbase reads: As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company. Coinbase Treads Carefully Rumors had previously circulated widely that XRP was due to debut on the largest exchange in the US. The veiled nod to those rumors is no doubt a prudent step as Coinbase is continuing to face major criticism and scrutiny after it emerged staff leaked information about Bitcoin Cash (BCH) being added to its books. Meanwhile, the Coinbase blog post continued to say: A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework. It then added the following: These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions. Ripple executives, like its investors, nonetheless remain tangibly confident about the asset’s prospects. As Bitcoinist reported Thursday, the token’s utility as a currency is a major boon to users and, thus, has a tremendous innate value, according to CEO Brad Garlinghouse. Co-founder and chairman Chris Larsen, who owns a 37% stake of Ripple’s implied value of $320 billion, could well be the world’s ‘implied’ new richest person, with a fortune topping that of both Bill Gates and crypto-skeptic Warren Buffett. XRP also found its way into traditionally Bitcoin-critical media outlet Russia Today’s cryptocurrency recommendations for 2018, along with Ethereum, Bitcoin Cash, Cardano, and Litecoin. What do you think about Coinbase’s decision not to add Ripple? Let us know in the comments below! Images courtesy of Pixabay and Bitcoinist archives. The post Coinbase Rejection Sees Ripple Drop 20% As Rumors Evaporate appeared first on Bitcoinist.com.

Bitcoin Price Shoots Past $16,400 Again on the Road to Recovery

Source : Bitcoin Price Shoots Past ,400 Again on the Road to Recovery Things are finally getting back on track for Bitcoin. After a rough patch at the end of 2017 and early 2018, the Bitcoin price is finally moving up once again. More specifically, we now have a Bitcoin price of $116,461, which is a nice 10.53% increase compared to 24 hours ago. Whether or not this means we will see a new all-time high Bitcoin price soon, remains to be determined. For now, things look pretty solid, although there is still an overall bearish sentiment in the market. Bitcoin Price Shows Some Momentum Again People who have kept an eye on the Bitcoin price these past few weeks may have noticed the world’s leading cryptocurrency hit a snag. More specifically, after a very bullish 2017, the year ended with a Bitcoin price of around $13,000. Although this is still a high value considering we started 2017 around the $1,000 level, people had expected a better end of the year. More specifically, we hit an all-time high of over $19,000 at one point, yet it seems virtually impossible to reach that level once again. At the same time, this year may finally get off to a good start for the Bitcoin price. More specifically, we finally see some Bitcoin price momentum to move things along once again. Although it is still too early to consider this the road toward a new all-time high, it’s good to see Bitcoin surpass the $16,000 mark once again. After all, it almost feels years ago since we last did so, even though it was just a few weeks. People have a very short memory span in the world of cryptocurrency, to say the least. Although a 10.53% gain is pretty significant for any cryptocurrency, it matters even more to Bitcoin. After multiple days of slowly sliding down the charts, the Bitcoin price has finally noted a major green candle. As one would come to expect,t his momentum was immediately met with some resistance, although it remains to be seen if the bears can keep the Bitcoin price down for much longer. No one should expect any major shifts to happen in the next few hours, though, as a sharp increase will always lead to a sharper correction. As is usually the case, Bitcoin’s trading volume makes all other cryptocurrencies look bad. To be more specific, Bitcoin noted close to $22.4bn in 24-hour trading volume, which is an astonishingly high number. A lot of money is moving around in the world of cryptocurrency, although we also need fresh capital to keep coming in. So far, it seems 2018 provides a healthy balance between the two, albeit things can always change at any given moment. What is rather remarkable is how the leading exchange by Bitcoin trading volume is Binance. More specifically, their TRX/BTC pair generated over $2.38bn, which is rather shocking. Bitfinex is the second exchange on the list, with their BTC/USD trading pair …

Plus…Bitcoin Price Shoots Past $16,400 Again on the Road to Recovery

China’s Secret Meeting to Ban Bitcoin Mining Didn’t Happen: Report

Source : China’s Secret Meeting to Ban Bitcoin Mining Didn’t Happen: Report The post China’s Secret Meeting to Ban Bitcoin Mining Didn’t Happen: Report appeared first on CCN Contrary to widespread recent rumors, the People’s Bank of China (PBoC) has not held an internal meeting to discuss a ban on bitcoin mining operations in the country, according to a report. Citing an ‘authoritative source’, Chinese financial news publication Caixin is reporting that China’s central bank did not hold a closed-door meeting with regulators The post China’s Secret Meeting to Ban Bitcoin Mining Didn’t Happen: Report appeared first on CCN

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