Search content
Sort by
Showing 20 of 97 results by zycrypto
Experts: Many Small Cryptocurrency Exchanges To Go Out Of Business Soon
Experts and analyst in the crypto industry have predicted a widespread shutdown of small exchange platforms because of their inability to attract investors. A report released by 8BTC.com, a blockchain news platform operating in China, indicated that the first 14 major crypto exchanges take up about 73% of the total value of transactions made in the market, with the rest of the 170 small exchanges accounting for only 27%. This presents a huge hurdle for the small, ambitious crypto exchanges to maintain a profitable market share and scale up their operations.
Security Fears
Besides this stiff competition, the crypto world as a whole faces issues related to fraud and security. Its only a week ago that Cattleex, a crypto trading platform, went bankrupt after failing to meet market demands by its miners.
Bithumb Exchange, another South Korean platform, also lost money in a hack that culminated in its temporary suspension of all deposit and withdrawal services on its platform. Youbit Exchange, also based in South Korea, declared the failure of its project after it was hacked.
Despite the central bank of China banning initial coin offerings (ICOs) and crypto exchanges, many Chinese startups are registering their exchanges outside China and targeting Chinese investors. The many cases of fraud in the Chinese crypto world havent helped the situation.
Read More: https://zycrypto.com/experts-many-small-cryptocurrency-exchanges-to-go-out-of-business-soon/
Security Fears
Besides this stiff competition, the crypto world as a whole faces issues related to fraud and security. Its only a week ago that Cattleex, a crypto trading platform, went bankrupt after failing to meet market demands by its miners.
Bithumb Exchange, another South Korean platform, also lost money in a hack that culminated in its temporary suspension of all deposit and withdrawal services on its platform. Youbit Exchange, also based in South Korea, declared the failure of its project after it was hacked.
Despite the central bank of China banning initial coin offerings (ICOs) and crypto exchanges, many Chinese startups are registering their exchanges outside China and targeting Chinese investors. The many cases of fraud in the Chinese crypto world havent helped the situation.
Read More: https://zycrypto.com/experts-many-small-cryptocurrency-exchanges-to-go-out-of-business-soon/
Crypto is Currently Facing a hard time in India Over Legalization Controversies
April 6th, 2018, will be remembered as the darkest day for cryptocurrencies in India, the day the Reserve Bank of India issued a notification banning all entities affiliated to it from facilitating business to any other entity dealing in cryptocurrency.
The market is still recovering from the shock that affected many cryptocurrency exchanges and service providers a well as millions of investors. However, some bold companies have decided to take the fight to the RBI, terming the governments move as unconstitutional and calling on the Supreme Court to annul the ban. Several petitions have been filed to that effect.
RBIs Move Illegal
The main petitioners include Kali Digital Ecosystems (runs CoinRecoil), Throughbit, Coindelta, CoinDCX, Koinex, and Digital and Blockchain Foundation of India (Merged into the Internet and Mobile Association of India).
Representing 11 of the petitioners, the managing director of TRA Law argued that citizens have the right to trade and that this right is now being infringed upon by the RBI.
Read More: https://zycrypto.com/crypto-is-currently-facing-a-hard-time-in-india-over-legalization-controversies/
The market is still recovering from the shock that affected many cryptocurrency exchanges and service providers a well as millions of investors. However, some bold companies have decided to take the fight to the RBI, terming the governments move as unconstitutional and calling on the Supreme Court to annul the ban. Several petitions have been filed to that effect.
RBIs Move Illegal
The main petitioners include Kali Digital Ecosystems (runs CoinRecoil), Throughbit, Coindelta, CoinDCX, Koinex, and Digital and Blockchain Foundation of India (Merged into the Internet and Mobile Association of India).
Representing 11 of the petitioners, the managing director of TRA Law argued that citizens have the right to trade and that this right is now being infringed upon by the RBI.
Read More: https://zycrypto.com/crypto-is-currently-facing-a-hard-time-in-india-over-legalization-controversies/
A huge incident happened in the last two days when MyEtherWallet, which is one of the most popular wallets for storing Ethereum, had its DNS server hacked, which led to users getting phished and losing their Ethereum.
The attack occurred when hackers hijacked MEWs domain name server and redirected its users to a malicious fake copy of the website, which got access of users private keys, when they unknowingly entered their details in the spoofed website.
The wallet where the illicit funds were being transferred to, was found to have collected more than 215 ETH, which means a value of around $150,000 in terms of fiat money. The amount was then transferred to an address [0x1d50588C0aa11959A5c28831ce3DC5F1D3120d29] which contained a far larger sum of ETH, at around 24,100, which means a value of around $17 million in terms of fiat money. The addresses used to collect the illicit funds have been used for such illicit attacks in the past.
Read More : https://zycrypto.com/googles-dns-vulnerability-caused-myetherwallet-hack/
The attack occurred when hackers hijacked MEWs domain name server and redirected its users to a malicious fake copy of the website, which got access of users private keys, when they unknowingly entered their details in the spoofed website.
The wallet where the illicit funds were being transferred to, was found to have collected more than 215 ETH, which means a value of around $150,000 in terms of fiat money. The amount was then transferred to an address [0x1d50588C0aa11959A5c28831ce3DC5F1D3120d29] which contained a far larger sum of ETH, at around 24,100, which means a value of around $17 million in terms of fiat money. The addresses used to collect the illicit funds have been used for such illicit attacks in the past.
Read More : https://zycrypto.com/googles-dns-vulnerability-caused-myetherwallet-hack/
Blockchain Might be the Answer to China’s National Audit Office Challenge
China one of the Asian countries that gave Cryptocurrency a huge acceptance in the Asian continent some years ago is further looking for ways to expand and utilize the benefits of Blockchain technology.
This time around the government auditor of China believes that Blockchain can be used to lift obstacles faced in the storing of data with the help of Blockchain.
In the website of the National Audit Office of the Peoples Republic of China, last Tuesday was an article published. The report revealed the challenges of the present data storage infrastructure and how Blockchain can be of help to eliminate this problem.
Currently, the company is in charge of the voluminous amount of data storage, and they believe that Blockchain can be of great help in the storage of this data efficiently on a decentralized ledger.
The whole idea behind this thought is to have a decentralized system where every local office and the accredited auditor will function as an individual node.
Read More: https://zycrypto.com/blockchain-solutions-might-be-the-answer-to-chinas-national-audit-office-challenge/
This time around the government auditor of China believes that Blockchain can be used to lift obstacles faced in the storing of data with the help of Blockchain.
In the website of the National Audit Office of the Peoples Republic of China, last Tuesday was an article published. The report revealed the challenges of the present data storage infrastructure and how Blockchain can be of help to eliminate this problem.
Currently, the company is in charge of the voluminous amount of data storage, and they believe that Blockchain can be of great help in the storage of this data efficiently on a decentralized ledger.
The whole idea behind this thought is to have a decentralized system where every local office and the accredited auditor will function as an individual node.
Read More: https://zycrypto.com/blockchain-solutions-might-be-the-answer-to-chinas-national-audit-office-challenge/
The first Bitcoin came into existence on the 3rd of January in the year 2009. The decentralized currency, which was designed to circumvent the traditional payment system consisting of financial institution and governments, quickly started gaining users and fan due to its futuristic concept and design.
These fans used Bitcoins to conduct transactions for things big and small. These fans called in their friends to join in on the Bitcoin fun, as they emailed companies left and right to incorporate payment support for Bitcoin. Overall, they functioned as a single team, which was called Team Bitcoin.
But, as the years went by and Bitcoin started gaining in value as well as attracted more people, it started gaining the attention of the mainstream. Journalists, governments and technology bigwigs started noticing the currency and even started to use it.
Read More: https://zycrypto.com/the-never-ending-war-between-bitcoin-and-bitcoin-cash/
We are currently looking for an experienced price movement writer who has vast knowledge in the market movement and can write well detailed pieces about various price movement charts of Various Cryptocurrencies.
Price starts at $10 per piece,
You can see an example Here
Send an email to editors [at] zycrypto.com to get started immediately.
Price starts at $10 per piece,
You can see an example Here
Send an email to editors [at] zycrypto.com to get started immediately.
Cryptocurrency trading launched in 5 states by Robinhood App
As stated by coindesk the Cryptocurrency investors from California, Massachusetts, Missouri, Montana and New Hampshire can now avoid cryptocurrency exchanges as Robinhood the mobile app has launched cryptocurrency trades in these five states. Robinhood had primarily focused only on stock trading.
The new Robinhood crypto platform will provide the service. The traditional cryptocurrency exchange world will see a striking change in the trading due to the launch of the app-based trading platform.
Read More : https://zycrypto.com/cryptocurrency-trading-launched-5-states-robinhood-app/
The new Robinhood crypto platform will provide the service. The traditional cryptocurrency exchange world will see a striking change in the trading due to the launch of the app-based trading platform.
Read More : https://zycrypto.com/cryptocurrency-trading-launched-5-states-robinhood-app/
U.S might have over 1 Billion Dollars in seized Cryptocurrencies
While it is true that cryptocurrencies represent a risk to investors, it is also true that if there is no investment, there is no risk to assume. If one looks at things from this simplistic perspective, the United States may have discovered one of the best ways to make easy money.
According to an investigation carried out by Fortune , the U. S. government has had custody of at least $1 billion perhaps even more in cryptocurrencies at some point or another.
Also, it is impossible to know how much money that country has retained as a result of successful anti-criminal operations, but each time any of them succeeds, the material goods obtained from such activities are confiscated by the State and auctioned or sold to interested third parties. Then that money is redistributed to cover the costs of public administration.
Read More: https://zycrypto.com/u-s-might-1-billion-dollar-seized-cryptocurrencies-unclear-destination/
According to an investigation carried out by Fortune , the U. S. government has had custody of at least $1 billion perhaps even more in cryptocurrencies at some point or another.
Also, it is impossible to know how much money that country has retained as a result of successful anti-criminal operations, but each time any of them succeeds, the material goods obtained from such activities are confiscated by the State and auctioned or sold to interested third parties. Then that money is redistributed to cover the costs of public administration.
Read More: https://zycrypto.com/u-s-might-1-billion-dollar-seized-cryptocurrencies-unclear-destination/
Can you always promote cryptocurrency News Articles ?, about 5 articles daily, just to have it shared across multiple social media platforms, if it's something you can do then send a PM.
We are currently in need of a very good and experienced cryptocurrency technical analysis writer to always write well detailed analysis and charts prediction of Major Cryptocurrencies, pay starts at $10 per Article, Send an E-mail to editors[at]zycrypto.com to get started immediately if you're the one.
Your pay rate is rather low for a quality article. I may be interested.
Not too low as you may think but as we work gradually and we are impressed with the analysis, the pay will definitely be upgraded, it's not fixed at $10 Per Article.
We are currently in need of a very good and experienced cryptocurrency technical analysis writer to always write well detailed analysis and charts prediction of Major Cryptocurrencies, pay starts at $10 per Article, Send an E-mail to editors[at]zycrypto.com to get started immediately if you're the one.
European Central Bank: It is not our job to Regulate Bitcoin
In a public video conference, European Central Bank (ECB) President Mario Draghi answered a question that has been the main debate of financial organizations at international level, giving an official opinion of the European Continent on a position that could be adopted regarding the use of cryptocurrencies.
Many of you posted questions about whether the ECB is going to ban Bitcoins or its going to regulate Bitcoins, ( ) I have to say its not the ECBs responsibility to do that.
These words sound surprising not only for the audience but for the media that covered such news, as it marks a big separation from other opinions and initiatives that strengthened the rumors about strong regulations for the cryptocurrency market.
These words seem to be a nuanced response to statements made by Agustin Carstens, head of the Bank for International Settlements, who called for central banks to end what he described as the Ponzi scheme of cryptocurrencies, by restricting their access to banks and financial infrastructure.
Read More: https://zycrypto.com/european-central-bank-not-job-regulate-bitcoin-cryptocurrencies/
Many of you posted questions about whether the ECB is going to ban Bitcoins or its going to regulate Bitcoins, ( ) I have to say its not the ECBs responsibility to do that.
These words sound surprising not only for the audience but for the media that covered such news, as it marks a big separation from other opinions and initiatives that strengthened the rumors about strong regulations for the cryptocurrency market.
These words seem to be a nuanced response to statements made by Agustin Carstens, head of the Bank for International Settlements, who called for central banks to end what he described as the Ponzi scheme of cryptocurrencies, by restricting their access to banks and financial infrastructure.
Read More: https://zycrypto.com/european-central-bank-not-job-regulate-bitcoin-cryptocurrencies/
Monday morning news slammed with cautions and alerts for cryptocurrency investors.
European authorities like The European Securities and Markets Authority, or ESMA, the European Banking Authority, or EBA, and the European Insurance and Occupational Pensions Authority have recommended the cryptocurrency investors to stay vigilant as the absence of the regulating rules could make it a vicious merchandise.
The [virtual currencies] currently available are a digital representation of value that is neither issued nor guaranteed by a central bank or public authority and does not have the legal status of currency or money, The regulator stated.
He further added by saying that it is high risk as, neither they offer any legal security or EU law on the possession, nor backed by any substantial assets.
Read More: https://zycrypto.com/eu-regulators-cryptocurrencies-can-put-jeopardy/
European authorities like The European Securities and Markets Authority, or ESMA, the European Banking Authority, or EBA, and the European Insurance and Occupational Pensions Authority have recommended the cryptocurrency investors to stay vigilant as the absence of the regulating rules could make it a vicious merchandise.
The [virtual currencies] currently available are a digital representation of value that is neither issued nor guaranteed by a central bank or public authority and does not have the legal status of currency or money, The regulator stated.
He further added by saying that it is high risk as, neither they offer any legal security or EU law on the possession, nor backed by any substantial assets.
Read More: https://zycrypto.com/eu-regulators-cryptocurrencies-can-put-jeopardy/
Litecoin rises as the second most used crypto on the Dark Web
A recent investigation by the cybersecurity firm Recorded Future, listed Litecoin as the second cryptocurrency with the most acceptance as a means of payment in the Dark Web, after BTC, which has been losing ground to other altcoins such as DASH, ETH and XMR.
According to the study, the main complaints of Dark Markets users are the same as the vanilla users: The long waiting times in the transactions and the high fees. These two problems are of great importance for a market characterized by nervousness (product of a lack of trust between parties, making it necessary to use a currency with fast transactions) and by the low prices on transactions, which fluctuate usually between 50 and 300 dollars (which makes the fees proportionally too high when compared to the total value of transactions).
Likewise, the fact of being able to verify the amount of money that each wallet has, as well as of the facility for transaction tracing, make users look for options more oriented towards anonymity and speed.
Read More: https://zycrypto.com/litecoin-rises-second-used-crypto-dark-web/
According to the study, the main complaints of Dark Markets users are the same as the vanilla users: The long waiting times in the transactions and the high fees. These two problems are of great importance for a market characterized by nervousness (product of a lack of trust between parties, making it necessary to use a currency with fast transactions) and by the low prices on transactions, which fluctuate usually between 50 and 300 dollars (which makes the fees proportionally too high when compared to the total value of transactions).
Likewise, the fact of being able to verify the amount of money that each wallet has, as well as of the facility for transaction tracing, make users look for options more oriented towards anonymity and speed.
Read More: https://zycrypto.com/litecoin-rises-second-used-crypto-dark-web/
Arizona Plans on Accepting Bitcoin as legal means of Payments for taxes
The state of Arizona has initiated a legal process seeking the approval of a law that would allow its citizens the use of cryptocurrencies to comply with the payment of their taxes in a measure that apparently seeks to facilitate financial operations and provide more options and comfort for taxpayers.
In this way, those who have funds in cryptocurrencies would not have to go through third parties to change their funds in order to be able to pay. For now, the currencies that they expect to accept are BTC, ETH, and XRP (the 3 currencies with the highest marketcap and solidity in the ecosystem).
Read More: https://zycrypto.com/arizona-plans-accepting-bitcoin-legal-means-payments-taxes-penalties/
In this way, those who have funds in cryptocurrencies would not have to go through third parties to change their funds in order to be able to pay. For now, the currencies that they expect to accept are BTC, ETH, and XRP (the 3 currencies with the highest marketcap and solidity in the ecosystem).
Read More: https://zycrypto.com/arizona-plans-accepting-bitcoin-legal-means-payments-taxes-penalties/
Ethereum Might Become the Next Crypto King as Analysts Predicts ETH price to sur
Cryptocurrencies market has been perhaps the fastest growing market in recent years, with bitcoin at the top considered the most profitable investment being the biggest marketcap cryptocurrency in history.
If we make an even more daring comparison against the main traditional currencies, we can observe that while One Kuwaiti Dinar (KWD) buys US $ 3.32, being the most expensive traditional currency on the planet (FIAT), One bitcoin (BTC) right now, after a big fall of almost 50% of its value, buys $ 11303.50 (Jan 29 2018, 10 am) having a total marketcap of $ 190,273,228,438 whereas Kuwaits GDP is a round $ 110.5 billion.
Such huge growth in the value of bitcoin as a medium of exchange has been due to the benefits it offered. Decentralized, reliable and fast payments with minimum fees. But precisely because of its growth and acceptance, some of its virtues have become obstacles for its existence.
Read More: https://zycrypto.com/ethereum-might-become-next-crypto-king-eth-price-surpass-btc-price/
If we make an even more daring comparison against the main traditional currencies, we can observe that while One Kuwaiti Dinar (KWD) buys US $ 3.32, being the most expensive traditional currency on the planet (FIAT), One bitcoin (BTC) right now, after a big fall of almost 50% of its value, buys $ 11303.50 (Jan 29 2018, 10 am) having a total marketcap of $ 190,273,228,438 whereas Kuwaits GDP is a round $ 110.5 billion.
Such huge growth in the value of bitcoin as a medium of exchange has been due to the benefits it offered. Decentralized, reliable and fast payments with minimum fees. But precisely because of its growth and acceptance, some of its virtues have become obstacles for its existence.
Read More: https://zycrypto.com/ethereum-might-become-next-crypto-king-eth-price-surpass-btc-price/
The popular payments platform Stripe has announced that it will cease to accept Bitcoin as a mode of payment by April. The company has cited Bitcoins volatility and long transaction times as the main reasons that motivated this decision, a decision which is not going to win them any fans among the crypto enthusiasts.
At the moment, the problems that have hogged the Bitcoin blockchain are hard to ignore as a successful transaction can sometimes take hours to go through. What makes matters worse for the merchants is that by the time they receive the Bitcoin its value may have slipped down.
Read Full Article : https://zycrypto.com/stellar-reason-stripe-dumping-btc/
At the moment, the problems that have hogged the Bitcoin blockchain are hard to ignore as a successful transaction can sometimes take hours to go through. What makes matters worse for the merchants is that by the time they receive the Bitcoin its value may have slipped down.
Read Full Article : https://zycrypto.com/stellar-reason-stripe-dumping-btc/
Facebook Coin (FBC) a possibility as Zuckerberg makes crypto a 2018 focus
Mark Zuckerberg, CEO of Facebook, posted this week that he will make cryptocurrencies his 2018 focus to decentralize Facebook and bring the power back to the people.
Zuckerberg made a statement this week claiming that decentralization is a central issue for the technology sector. He makes a personal challenge for himself every year and wants 2018 to be about cryptocurrencies for his company.
Read More=> https://zycrypto.com/facebook-coin-fbc-possibility-zuckerberg-makes-crypto-2018-focus/
Zuckerberg made a statement this week claiming that decentralization is a central issue for the technology sector. He makes a personal challenge for himself every year and wants 2018 to be about cryptocurrencies for his company.
Read More=> https://zycrypto.com/facebook-coin-fbc-possibility-zuckerberg-makes-crypto-2018-focus/
we want as many people seeing our News Stories/Articles as possible. We will pay people to share our most recent news articles into cryptocurrency online communities such as Crypto Related Google+ communities, Facebook groups, bitcointalk, reddit and many other platforms.
We will pay $2 per 1000 clicks which is very easy to do. We will Use goo.gl and bit.ly URL shortener to track the number of clicks you get, And the clicks must be genuine clicks and we seriously detest spamming and bot clicking, you have to share the links moderately and where it is needed, Send A PM if interested or send a message on telegram to https://t.me/MarkbenCrypto .. [payment in bitcoin, ethereum and any other cryptocurrency you want to be paid in ]
We will pay $2 per 1000 clicks which is very easy to do. We will Use goo.gl and bit.ly URL shortener to track the number of clicks you get, And the clicks must be genuine clicks and we seriously detest spamming and bot clicking, you have to share the links moderately and where it is needed, Send A PM if interested or send a message on telegram to https://t.me/MarkbenCrypto .. [payment in bitcoin, ethereum and any other cryptocurrency you want to be paid in ]