Published on Jul 2, 2019
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Category Archives: Crypto Currency
It Is EVERYTHING We FEARED! Forbes To Facebook: ‘Call New Currency The “Mark”!’ Prophecy Realized!
Published on Jul 1, 2019
These companies are in support of the New World Government crypto currency called Libra.
How Will Facebook’s Libra Cryptocurrency Affect The Bitcoin Price?
Unlike Bitcoin, Facebook’s Libra has identifiable parties behind the network who can be targeted with regulation. If Libra users were able to act in a permissionless, censorship-resistant manner, it would only be a matter of time before regulators came in to shut the whole thing down.
The inability for Facebook’s Libra to operate in a permissionless manner puts into question whether it should be considered a real cryptocurrency at all — at least in the minds of bitcoin purists. The Winklevoss Twins, who formerly battled with Facebook CEO Mark Zuckerburg over control of the social media company, also felt the wrath of those who wish to stick with the decentralized, censorship-resistant nature of bitcoin due to their association with a custodial, regulated cryptocurrency payments app that allows users to spend their bitcoin and altcoins at Starbucks, Whole Foods, and other major retailers.
While some regulators have called for outlawing cryptocurrencies, especially those focused on anonymity and privacy, the point of these networks is to be resistant to such measures. ………
INSTEX: Europe sets up transactions channel with Iran
Several European countries have set up a new transaction channel that will allow companies to continue trading with Irandespite US sanctions. The announcement was made on Thursday.
The channel, set up by Germany, France and the UK, is called INSTEX — short for “Instrument in Support of Trade Exchanges.”
“We’re making clear that we didn’t just talk about keeping the nuclear deal with Iran alive, but now we’re creating a possibility to conduct business transactions,” German Foreign Minister Heiko Maas told reporters Thursday after a meeting with European counterparts in Bucharest, Romania.
“This is a precondition for us to meet the obligations we entered into in order to demand from Iran that it doesn’t begin military uranium enrichment,” Maas said.
The payment channel allows for European countries to continue trade with Iran but could put them on a collision course with Washington.
Read more: Iran sanctions: 5 things to know
What is INSTEX?
- A “special purpose vehicle” that will allow European businesses to trade with Iran, despite strict US sanctions.
- According to media reports, INSTEX will be based in Paris and will be managed by German banking expert Per Fischer, a former manager at Commerzbank. The UK will head the supervisory board.
- The European side intends to use the channel initially only to sell food, medicine and medical devices in Iran. However, it will be possible to expand it in the future.
“This is an important step and a political signal by E3, who feel duty bound to uphold the Iran nuclear deal as long as Iran fulfills all its obligations as set out in the treaty,” German government sources told DW, referring to the three EU countries. “The E3 have emphasized their aim of facilitating legitimate trade relations with Iran.”
Iranian Deputy Foreign Minister Abbas Araghchi told state television it was “a first step taken by the European side … We hope it will cover all goods and items.”
US reaction
The Trump administration had warned the European Union against trying to sidestep sanctions on Iran.
On Thursday, the US State Department said it was “closely following” reports on the European mechanism.
“As the president has made clear, entities that continue to engage in sanctionable activity involving Iran risk severe consequences that could include losing access to the U.S. financial system and the ability to do business with the United States or US companies,” the State Department said in a statement.
Trump pulled the US out of the 2015 Iran nuclear deal and reimposed sanctions last year. Along with fellow signatories Russia and China, the EU maintains that Iran has not broken its side of the deal and should be allowed to trade.
EU Foreign Policy chief Federica Mogherini welcomed the registration of the SPV.
“The lifting of sanctions is an essential dimension of the JCPOA (Joint Comprehensive Plan of Action), the Iran nuclear deal. The instrument launched today will provide economic operators with the necessary framework to pursue legitimate trade with Iran,” said a statement from Mogherini’s office.
EU-Iran relations tested: Although Europe has been willing to show good faith since the US left the nuclear deal, relations with Tehran have recently worsened. The EU imposed sanctions this monthover Iran’s missile tests and alleged assassination plots on European soil.
- US SANCTIONS AGAINST IRAN ARE BACK IN EFFECTSanctions signed offUS President Trump signed an executive order on August 5 aimed at piling financial pressure on Tehran to force a “comprehensive and lasting solution” to Iranian threats, including its development of missiles and regional “malign” activities. Trump warned that those who don’t wind down their economic ties to Iran “risk severe consequences.”
9 Best Cryptocurrency Exchanges to Buy/Sell Any Cryptocurrency [2019]
Source: 9 Best Cryptocurrency Exchanges to Buy/Sell Any Cryptocurrency [2019]
Here is a consolidated list of best cryptocurrency exchanges with my comments:
- Binance: Offers mobile app and probably the fastest growing exchange. If you need to pick only one, this is the best and #1 in 2019.
- Bitmex: Very popular with high volume. Idle for margin trading.
- BitMax: An alternative to Binance as they shut down doors for U.S. based users. A fast growing exchange.
- KuCoin: One of the strongest exchange that also offers a mobile app (Android and iOS). They have been constantly updating their mobile app to make it one of the best in the industry.
- CEX: My favorite
- OkEx: A reliable exchange which are listing many top projects. Also, have a native token like BNB and doing a lot of IEOs.
- CoinMama: Old but gold and let you buy BTC and ETH instantly.
- Bittrex: Another high-quality exchange with a lot of coins
- Changelly: Instantly convert any cryptocurrency to any of your choices. Great for instant conversion
Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.
And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against government’s inflationary policies.
That’s why some people are even securing cryptocurrencies as their retirement funds, while some are doing pure speculation with short-term trading (i.e. buy low, sell high).
And let’s not forget about those who are just starting off by looking around to find the answer to questions like:
- Where do I buy such currencies?
- What are the best cryptocurrency exchanges?
But before we talk about the best exchanges out there, I need to tell you that it’s not too late to get invested in cryptocurrencies. At the time of this writing, the Bitcoin and altcoin market is at an all-time high, with a market cap of $166 billion. I believe we will cross the $250 billion mark later this year.
So now that you know you should invest, here’s where you need to go to do that.
Note: This list is starting from easy to use exchanges and moving towards some of the advanced exchanges.
Contents [show]
9 Best Cryptocurrency Exchanges for Trading Cryptocurrency
1. Binance
Binance is a rapidly growing exchange that concluded its ICO a few months back.
Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world.
Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world. It now has more than 140 altcoins listed on it which are only increasing as the days are passing.
Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this platform.
Read: Binance Cryptocurrency: A Unique And Rapidly Growing Crypto Exchange
Binance’s fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure.
To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis.
Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move. You can watch this video to learn how to use their mobile app.
They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, Binance Angel Program, and the Community Coin Per Month etc for more adoption of their platform.
Register a free account on Binance
Why Are Decentralized Exchanges The Future Of Cryptocurrencies?
Source: Why Are Decentralized Exchanges The Future Of Cryptocurrencies?
Do you know centralized cryptocurrency exchanges are not really THAT safe for your cryptos?
If you know that, then that’s good.
But if you don’t know that, then you should educate yourself more!
Using cryptocurrencies means being your own bank and taking care of your own crypto funds. But when we use centralized exchanges like Bittrex or Poloniex, we actually jeopardize that fact.
Because from the moment we start using these centralized exchanges, they become the custodians of our funds, and we are no longer in charge.
For the uninitiated, centralized exchanges are exchanges that don’t allow users to control the private keys of their crypto funds, and instead, they keep those keys in a centralized server or database. This way of working opens up the possibilities of single points of failures and hacks by malicious actors. (Read more about private keys here.)
You can read about a few such hacks here:
I think about what an irony it is for decentralized currencies to fall prey to centralized exchanges…
And if this continues, what will be the future of cryptocurrencies? And what’s the solution?
The solution is having decentralized exchanges (DEXs).
List of DEX (Updated)
- Altcoin
- Cryptobridge
- EtherDelta
- Bisq
- district0x
- OasisDex
- Kyber Network
- Bancor Protocol
- AirSwap
- WavesDex
- OmegaOne
This will, I believe, ultimately decide the future of cryptocurrencies.
What Is A Decentralized Cryptocurrency Exchange (DEX)?
A decentralized crypto exchange is many things, but I believe an exchange that has following features qualifies to be a DEX:
- An exchange that allows its users to control their crypto funds.
- An exchange that doesn’t have a single point of failure like centralized server hostings or databases that are prone to hacks.
- An exchange that has no trusted third party setups.
- An exchange that no government can shut down like the Chinese exchange shutdowns.
- An exchange that is not controlled by a single or group of companies.
- An exchange that respects the privacy of its users and doesn’t ask for numerous registrations and KYC verifications.
Benefits Of DEXs
Pic Credits: CryptoCompare
Decentralized exchanges have many benefits.
Some of which are:
- DEXs satisfy the basic tenant of using a decentralized currency/asset because there is no point in using a decentralized currency or asset in a centralized environment which can be taken down anytime. Centralization of exchanges basically contradicts the whole purpose of using cryptocurrencies in the first place.
- DEXs further catalyze crypto adoption and will allow cryptocurrencies to thrive.
- DEXs negate the censorship or control of national governments or any group of companies.
- DEXs make crypto users their own bank.
- DEXs honor the privacy of their users and bypass the need of doing KYCs, registrations, etc.
- DEXs do not have downtimes because they will be hosted in a distributed manner.
- DEXs provide seamless liquidity for many cryptos/tokens that are not able to list themselves after ICOs on centralized exchanges because of several rules/regulations set forth by these exchanges.
Drawbacks Of DEXs
Pic Credits: CryptoCompare
DEXs also have downsides.
Some of the drawbacks are:
- Users are not habituated using decentralized services. We like centralized services more due to the convenience, and in that process, we give up many things like privacy, freedom, etc.
- They aren’t so user-friendly (as of now).
- There are serious liquidity problems due to lack of volume.
- There is a lack of advanced trading functions such as margin trading, margin lending, stop losses, bot trading, etc.
- Most DEXs are now are in their beta testing stage, and users stand the risk of losing their funds because of insufficient testing.
- There is no central authority or support system, so it’s hard to get your problems resolved.
Future Of DEXs And Reality Check
After reading the downsides of DEXs, you might say that DEXs will not be successful… but I think they are the only way that cryptocurrencies can survive and thrive.
The kind of benefits that DEXs provide will ultimately dwarf the shortcomings.
And recent events like the China ban, the Korea ban, and the Russia ban are catalyzing the need of developing DEXs more than ever.
And this catalyzation is already witnessing a rapid proliferation of DEX projects in the crypto space.
Here is a list of a few promising projects that are on my radar and are in different stages of development. (I am going to discuss some of these exchanges in detail on CoinSutra in the near future, so stay tuned.)
And the surprising thing is that all these projects have entered the crypto-sphere in the last 6-8 months, which in itself speaks a lot about the serious sentiments that this market has toward cryptocurrencies and other decentralized assets.
And last but not least, by seeing the proliferation of so many decentralized exchange projects, I am pretty confident that we are going to witness a competitive product in this vertical very soon in the next 6-8 months.
Now it’s time to hear from you: What do you think about the future of DEXs? Which DEX project are you following/using? How has your experience been? Did I miss any good DEX projects in this list? Do let me know your thoughts in the comments section below!
John Rubino – $10,000 Gold will be a Bad World
Published on Jun 11, 2019
Financial writer and book author John Rubino warns, ““Pretty much the only way out for central banks is they will have to devalue their currency aggressively to keep the debts from blowing up on us and completely destroying the financial system. That is a great environment for gold. It will become more and more apparent to people going forward. . . . As you add to your position (in gold and silver), the big trend will be positive for you. . . . Debt is continuing to soar . . . and that is continuing and accelerating right now. So, if the big bad trend is accelerating, then the big bad result of that trend is getting closer and closer, but timing is impossible to predict. . . . When this thing really begins to spin out of control, it’s too late to protect yourself. . . .You really hope you don’t end up in a world where gold is $10,000 per ounce because that is a bad world in a lot of ways. If that is no longer just a possibility but a probability, you need to protect yourself in some way. That’s what precious metals do.” Join Greg Hunter as he goes One-on-One with John Rubino, founder of DollarCollapse.com.
The Call Goes Mainstream, All Eyes Are Now On The [CB]- Episode 1888a
New Financial Era in 2019 – Cryptos, Silver & Gold Rules
Published on May 25, 2019
Financial analyst Bo Polny says the changes in the financial system will be vast. Polny explains, “A new financial time point will begin, a new era of time begins before the end of this year. The world will change into a new system.” Polny says the new system will not be paper based. Polny says, “What is paper? The U.S. dollar, the Treasuries, the stock market, 401(k)s, IRAs, derivatives, and all of those instruments were used to control the price of gold and silver. When events happen that destroy the paper based system or the faith based system and confidence breaks, you are going to have massive fleeing into something that actually holds value. . . . Blockchain will become the next ‘go to’ in terms of monetary transactions. So, blockchain . . . and major crypto currencies, gold and silver, those three things are going to be the three huge assets in the future because the old dies. The whole point we are talking about is prepare, prepare and prepare.” Join Greg hunter as he goes One-on-One with financial analyst Bo Polny of Gold2020Forecast.com.
Whole Foods Now Accepts Cryptocurrency | Zero Hedge
Source: Whole Foods Now Accepts Cryptocurrency | Zero Hedge
Whole Foods, Barnes and Noble, Gamestop, Bed Bath and Beyond, Caribou Coffee, Jamba Juice, and Crate and Barrel all have something in common: they will start taking Bitcoin, Bitcoin Cash, Ethereum, and Gemini Dollars. This is possible by a revolutionary payment network called Flexa, built using cryptocurrencies, which allows mainstream consumers to spend their digital assets at brick and mortar stores across the US.
According to The Verge, consumers pay for items using Flexa’s app, Spedn, which generates a QR code that consumers scan at the checkout register. Upon the scan, the merchant receives instant payment in dollars, and the equivalent amount of cryptocurrency is debited from the consumer’s cryptocurrency wallet.
Flexa mentioned on its website that it believes the existing payments infrastructure, established five decades ago, is completely broken. Cash alternatives, like credit and debit cards, are insanely costly per transaction for merchants and are prone to cyber attacks.
Instead of “bolting cryptocurrency payments on top of debit cards,” the payment processor company said it took a new approach: built out thousands of new connections with tens of thousands of merchant point-of-sale terminals nationwide in 2018, to bypass the existing payments infrastructure and allow cryptocurrency-based payment authorizations directly to merchants.
The new payment authorizations are called “flexcodes,” and starting last week, consumers can now use Spedn at major retail stores across the country.
With the world of payments is evolving, Flexa could be part of a massive shift towards cryptocurrency point-of-sale terminals at major retailers.
KaratGold Coin-powered Smartphone IMpulse K1 Unprecedentedly Raises User’s Security Bar
KARATGOLD COIN-POWERED SMARTPHONE IMPULSE K1
In the current cryptocurrency market, where many investors are facing fluctuations, digital assets easily exchangeable for commodities offer a very distinguished alternative to both traditional fiat money and cryptocurrencies. Despite coins pinned to physical assets, such as gold, are no longer a rarity for the market, few of the issuers can boast of an ecosystem that allows the coin to be accepted as a means of payment.
This does not apply to KaratGold Coin (KBC). The team behind the coin has revealed a range of elegant solutions – from an ultra-secure smartphone to software for online stores – to provide the user with a convenient infrastructure to easily and safely buy and sell a digital asset.
The appearance of these solutions has been made possible thanks to Karatbars International, the Stuttgart-based retailer of tiny gold items used as a form of payment. Being founded in 2011 and subsequently becoming one of the world’s leading retailers in the global precious metals market, the company has developed a splendid infrastructure surrounding blockchain technology, digital asset and precious metals.
Military-grade security
Being fully aware of the urgent need for security in the prospering smartphone market, Karatbars is aiming to deliver a mobile phone that is using the latest technological advancements to securely store data. Images and documents are enciphered through the IFPS platform, a decentralized storage medium based on blockchain technology. In today’s world, blockchain file storage solutions are regarded as one of the most secure ways to store explicit data.
With the IMpulse K1 Phone that complements the Karatbars’ infrastructure, calls and text messages will not be transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). As a result, there’s no need to worry about third parties monitoring user’s actions, as the VOBP uses peer-to-peer encryption that can not be hacked or manipulated in the current state of the art.
One-click-payments
No matter how great is the idea behind a novel currency, few dare to accept it without user-friendly infrastructure and proved security tools. Especially in the blockchain world, transparency and honesty are both important values that many market participants expect from their investments.
K-Merchant, a piece of software that allows online vendors to easily accept Bitcoin or Ethereum in their online store, solves this exact issue. This addition to the Karatbars family can be integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security.
Decentralizing millions of dollars worth in gold
Before launching its token, the company reached a series of milestones, such as establishing the world’s first fully licensed crypto bank and acquiring an exclusively positioned goldmine in Madagascar, which is stockpiling €930 millions worth of high-quality gold, according to a valuation conducted by the German financial auditor MM Revisions.
As from this summer investors can exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that is actually convertible to a truly valuable asset. This exchange possibility will be made possible as part of a global Karatbars International’s promotion campaign, the Gold Independence Days, so that users can easily receive real gold in the form of CashGold at Karatbars’ own ATMs.
“We are working incredibly hard to ensure that starting from the Gold Independence Day on July 4th, 2019, a full-featured global gold circulation is established and from this moment on the phrase “I will pay in KBC” means “I will pay with gold”,” says Dr. Harald Seiz, founder of Karatbars International.