Is Litecoin (LTC) Still A Strong Buy?

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

The Blockchain Startups You Need To Hear About

It’s safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. It’s exciting to be a part of, and it’s an industry that is going to be cooking for many, many years to come.

American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites.

Blockchain technology does not just mean cryptocurrency, therefore some of the mentioned projects are focusing on many other aspects of blockchain technology. Remember that this is opinion based and we are by no means telling you to invest in these projects, at the very least though, it’s exciting to explore.

According to American Inno:

“Blockchain startups have raised nearly $4 billion in VC in 2018 to date, a 280% increase from last year’s record pull. And blockchain extends way beyond the crypto space, infiltrating a variety of industries from healthcare to media. To shine a spotlight on the blockchain innovation that’s happening across the Inno network, we asked our writers to offer up a local startup in this space that’s caught their eye.”

Factom

Factom is a project that already hosts a tonne of value, around $500 million worth to be exact. Factom has been backed by Tim Draper, which in turn is helping to draw a lot of attention to this project, according to American Inno:

“Factom, which has backing from Tim Draper, has landed contracts to protect data housed by the U.S. Border Patrol, the Department of Homeland Security and the Bill and Melinda Gates Foundation. Factom’s other co-founder, Jack Lu, also launched Wanchain, which has landed millions in Ethereum and provides cross-blockchain functions.”

What is Factom? Well, according to the Factom website:

“At Factom, we make the world’s systems honest and build trust between organizations,

people and institutions today, solve hard problems through the utilization of Factom’s Blockchain. We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the world’s wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.”

Coinigy

Coinigy is a brand new crypto portfolio management, according to American Inno:

“A cryptocurrency startup in Milwaukee called Coinigy gives crypto traders the tools they need to buy, sell and manage their portfolios. Users get access to data on more than 40 exchanges and the ability for users to trade on nearly 20 exchanges. Though the company was founded in 2014, it just launched its mobile app in May to let traders trade on the go, and now has upwards of 80,000 users, roughly half of which pay about $20 per month for the product. And the founders say revenue has grown 300 percent year-over-year, which is pretty impressive.”

And, according to the Coinigy website:

“Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making. We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry. We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.”

Block.one

You’ve probably heard of these guys. The last of American Inno’s recommendations that we wish to touch upon is Block.one, the startup behind the EOS project. All things considered, it’s pretty clear why Block.one are quite a big deal and why we believe they are still one to watch.

According to American Inno:

“The maker of the world’s fifth most valuable cryptocurrency expanded its footprint in a major way this year. The blockchain company, which has offices around the world and was founded just a couple years ago, moved into its own 30,000-square-foot building in the Virginia Tech Corporate Research Center in October. Block.one created EOS, which raised $4 billion in an initial coin offering, and it’s backed by Peter Thiel — making it by far Central Virginia’s biggest blockchain startup.”

Now, as stated, we’re not telling you that these are the projects to invest in, however we do believe it is worth your while looking into them and doing some further research. Each example is exploring a very unique area of blockchain technology, yet together, all these projects are working together to bring blockchain technology to the mainstream. They are doing great things for themselves, their investors and the entire blockchain adoption movement.

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1538128067916-0’); });

The post The Blockchain Startups You Need To Hear About appeared first on Crypto Daily™.

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

New Innovations In Bitcoin Mining Malware

Bitcoin mining malware is a big problem. By hijacking the blockchain to illicitly mine Bitcoin, hackers are able to carry out a number of exploits on the blockchain that can in turn damage assets held by investors all over the world. Annoyingly, as the security of the blockchain develops and as we create more innovative ways of protecting the blockchain, hackers also get more clever, as does the malware they produce.

According to new research, it seems that the latest fad in malicious crypto mining comes in the form of legitimate windows installation packages, making the malware hard to detect for both the user, and their machines antivirus software.

According to The Next Web:

“Researchers say the malicious software, more commonly known as Coinminer, was specifically designed to fly under the radar. What makes the attack particularly difficult to detect is that it uses a series of obfuscation methods. The discovery comes from security firm Trend Micro, which has since documented the attack vector at more length.”

My masking as a legitimate windows installation file, users of windows machines won’t question the legitimacy of what seems to be a new update, or a windows download. Because of this, the chances of the malware being installed are increased, just as the chances of antivirus software has of detecting the malware decreases. Overall, it’s a hackers perfect recipe.

According to The Next Web, the report by Trend Micro states:

“The malware arrives on the victim’s machine as a Windows Installer MSI file, which is notable because Windows Installer is a legitimate application used to install software. Using a real Windows component makes it look less suspicious and potentially allows it to bypass certain security filters.”

Now of course, there’s a little more to this. Once the file has been installed, hackers have realised that visible parts of the file still need to appear as useful windows files, in order for the malware to remain on the machine in order to extract hashing power and mine Bitcoin maliciously. According to The Next Web:

“The hackers’ trickery doesn’t stop there though. The researchers note that, once installed, the malware directory contains various files acting as decoy. Among other things, the installer comes with a script that counteracts any anti-malware processes running on your machine, as well as the actual cryptocurrency mining module.”

And, most concerningly, according to the Trend Micro report:

“To make detection and analysis even more difficult, the malware also comes with a self-destruct mechanism. It deletes every file under its installation directory and removes any trace of installation in the system.”

How can I protect myself from this?

Illicit Bitcoin and cryptocurrency mining is a problem, one that has a very negative impact on the industry and interferes with many aspects of the industry, including coin circulation and of course, value. In order to protect yourself, you simply just need to be careful when you are online. Never download content from untrusted sources and always ensure you have an up to date antivirus software running.

Think twice before downloading anything off the internet, ensure that all websites you are using are secure and practice good safety measures when browsing the web. It’s not hard to protect yourself, so long as you are careful.

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1538128067916-0’); });

The post New Innovations In Bitcoin Mining Malware appeared first on Crypto Daily™.

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

What Do XRP, Bitcoin Cash And TRON TRX All Have In Common This Week

Soundcloud Logo on Transparent Background Listen Here – https://soundcloud.com/cryptodaily/what-do-xrp-bitcoin-cash-and-tron-trx-all-have-in-common-this-week

It’s often difficult to keep up with the crypto news headlines, given that on any given day we see literally 100’s of news pieces published across the internet. However, it’s very easy to spot the trends as a result of this sheer volume. What you might have seen over the last week is very positive news coming out about Bitcoin Cash, XRP and TRON. So, when you ask what BCH, XRP and TRX have in common this week, we say – they have all broke the news with big headlines this week.

As you should know, crypto news has an impact on the markets (again, this is as a result of the sheer volume of news) therefore, when good news comes out, what we tend to see is the respective cryptocurrencies start to increase in price. This is because, when positive news surfaces, investors start to pump more money into the cryptos as a result of FOMO, fear of missing out. Everybody knows that good news encourages the price to climb so upon the release of positive news, a perfect buying opportunity tends to present itself.

Now, remember that even with all of this in mind, the markets are still very volatile and that even when a price climb begins, the markets are still at risk of falling. We can’t ever predict what will happen within the markets so therefore, always do your own research before choosing to invest.

Why Bitcoin Cash saw a flash increase

Bitcoin Cash has flown this week, bringing in an awful lot of value and making a lot of investors a little more optimistic about the future of their investment. Now of course, Bitcoin Cash isn’t quite back on track towards it’s $2,000.00 target, however, upwards movements can only be good news right?

“Since the first of November, Bitcoin Cash has seen a 45% rally as Binance and Coinbase, two leading digital currency exchanges, announced their support to their upcoming Bitcoin Cash fork due on the 15th November. On its website, Coinbase announced that ‘in the unlikely event that several viable chains continue following the fork, Coinbase will make sure that customers will have access to their funds on each chain. As a hard fork occurs, holders of the forked digital currency are eligible to get both coins. But if the crypto holdings are deposited on an exchange then the exchange will have to adopt both protocols to let users migrate both coins.”

Bitcoin Cash has started to fly as a result of a pending hard fork, which will see a huge upgrade roll out across the Bitcoin Cash network. The reason Bitcoin Cash has moved out is simply down to speculation and excitement, some even believe that Bitcoin Cash will enter a massive bull run once the hard fork has taken place. Remember, don’t let this be your sole reason for investing in Bitcoin Cash. A hard fork is a risky move, one that could pose issues further down the line, though, given that the Bitcoin ABC run these hard forks twice a year, we’re pretty confident they know what they are doing.

What happened to XRP this week?

XRP has also seen positive movements this week as a result of some headline breaking developments both within and around Ripple. XRP seems to be especially responsive to news recently. Remember how XRP shot up over 100% with the news of a pending xRapid launch date? It’s a volatile cryptocurrency, one that is finally making significant progression after what looks to have been a pretty tame year.

“XRP is once again making headlines and this time around it’s about its price and overstanding a place in the market. Recently, there has been a lot of rumours regarding both the short-term and long-term future of the popular cryptocurrency. After months of positive news as the crypto scored major exchange listing, something was bound to happen in the end. Earlier in the week, news broke out that XRP would be supported by Wirex as used for an option on Apple Pay.”

To continue…

“With news like this emerging, the market was bound to have a slight rumble and given the advancements in adoption, the crypto has made over the past few weeks. Overall, the news turned out to be the catalyst which launched the slight bull run. The upscale saw the token gain over 18% which led to it to break into the $0.5 region and solidify a new level of support at $0.53-$0.54. Nevertheless, many traders expect this price to skyrocket even further and there are some analysts who put XRP’s final point at $10-$15 by the end of this year!”

Transaction fees bode well for TRON

Unlike XRP and Bitcoin Cash, TRONs TRX has not entered a short bull run this week and thus, we haven’t seen TRX generate a significant amount of value, proving that good news doesn’t always mean high price!

Even so though, TRX has been the butt of many headlines this week, further enhancing the vision for this ever growing cryptocurrency. It has been revealed this week that TRON now regularly withstands more than 1 million transactions per day. One of the main problems of the Ethereum blockchain (the chain that TRON used to be built on) is scalability, Ethereum can only handle so much traffic at once.

One of the main reasons TRON migrated onto the TRON mainnet (it’s own blockchain) is that TRON wanted to address the scalability issues of Ethereum, TRON wants to be able to handle more daily transactions than any other blockchain, indeed, with recent news in mind it seems that TRON have finally made this dream a reality.

“With this new daily transactions throughput, it suggests that developers over at TRON will need to extend this trend for as long as possible. Unlike other projects, it seems that the network has room for more growth in the future. Transactions costs remain relatively low at an average of $0.02 whereas Bitcoin’s current fee is more to the $0.4 region whereas Ethereum’s fees sit at around $0.19.”

All in all, we have had a good week. Investors are feeling a little more optimistic and the next few weeks are starting to look a little more promising. Bitcoin Cash, XRP and TRON TRX move into the next week with a lot of positivity behind them, we can’t wait to see what happens next!

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1538128067916-0’); });

The post What Do XRP, Bitcoin Cash And TRON TRX All Have In Common This Week appeared first on Crypto Daily™.

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Bitcoin (BTC): The Significance Of “10” And “2018”, Rise Of The Phoenix

Bitcoin Chart With Values

Bitcoin (BTC) began a new cycle on its birthday. If you look at the BTC/USD 4H chart above, you can see for yourself how Bitcoin (BTC) completed its correction on 31st October, 2018 and began a new cycle. This is not the first time Bitcoin (BTC) has completed a correction in this manner. In 2014, Bitcoin (BTC) completed its correction cycle the same way, by first breaking above the triangle and then correction above it. We will analyze that in detail by comparing the two charts later in this analysis. Let us first understand the significance of two numbers, “10” and “2018”. Was it a coincidence that Bitcoin (BTC) just completed its correction on 31/10/2018? To answer that question, we will first have to see where the numbers “10” and “2018” actually came from.

Phoenix Get Ready For a New Currency

Source: Economist; 01/9/88, Vol. 306, pp 9–10

In September 1988, the Economist featured a cover photo on its magazine with the title, “Get ready for a world currency”. The article in the magazine on this subject had the title, “One world, one money”. You can read the full article here. The cover photo features a phoenix rising from burning dollar bills. The phoenix is wearing a coin shaped pendant with the numbers “10” and “2018” on it. This was in 1988, way before the financial crisis of 2008. On October 31, 2008 Bitcoin (BTC) was officially born. Coming back to the numbers, “10” and “2018”, let us examine what they could mean. “2018” clearly means the year “2018” so no doubts there. “10” could generally mean the month of October but when put together with 2018, it could also mean the “10th Birthday” of Bitcoin (BTC) which falls on 31/10/2018. So, what really is the significance of all this?

Those who follow history, politics and economics for long know how closely related all three are on a macro scale. There is so much more besides the charts that an average person may not be able to figure out. However, if you look at the charts in the context of history, politics and economics, everything lines up. Throughout history, most of these events have been pre planned by a small but powerful minority. However, with Bitcoin (BTC) things are different. It is supposed to be decentralized. So, when Satoshi Nakamoto wrote the whitepaper, he/she/they sent it to certain private mailboxes. With something like Bitcoin (BTC) messaging/signaling has to be done in this way because apparently there is no organized way for controlling certain events on a macro scale.

Bitcoin Chart With Values

Considering that we are on the brink of an unprecedented financial crisis, it is only reasonable to assume that the article published in the Economist in 1988 with the numbers “10” and “2018” is trying to make a point that this might be the time we actually see “one world, one money” come to fruition. The signaling through the words “10” and “2018” is of immense significance. If we get an ETF or institutional adoption through Baakt by the end of the year, it would explain why 2018 was supposed to be an important year. Before we conclude this discussion, I’d like to draw your attention to the above BTC/USD daily chart for 2015. You can clearly see how the price did the exact same thing it is doing now. It pierced through the downtrend resistance and left the triangle, then corrected above it before beginning a new cycle. I’ll leave it to you to closely compare the charts in this analysis to see for yourself how closely they resemble one another.

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1538128067916-0’); });

The post Bitcoin (BTC): The Significance Of “10” And “2018”, Rise Of The Phoenix appeared first on Crypto Daily™.

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange