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cryptoforfun

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VET is becoming more and more attractive

VeChain has previously worked with DNV GL on projects in multiple industries – DNV GL holds a small stake in VeChain after a private transaction in May 2008 – to drive its focus on building blockchain-based governance And the business ecosystem.

VeChainThor is VeChain's public chain, running on VET tokens, supporting the development of security and government frameworks, allowing organizations to control assets, information and revenue through robust distributed systems.

Sunny Lu, co-founder of VeChain coin, expressed his thoughts:

“Working with PICC has expanded our business in the insurance industry. We are confident that we will work with DNV GL to provide quality services and products to PICC.

For the pilot, PICC will first test VeChain's solution for a specific use case, then fully expand the blockchain system to create a “collaboration ecosystem” for customers and even competitors.

And this will make a big deal in VeChain history.

VET Info

The VeChain price is at $0.019323, rose 10.14%. The VET to USDT is still at the top of the VeChian market.
 

The CC Forums

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Staff member
VET is becoming more and more attractive

VeChain has previously worked with DNV GL on projects in multiple industries – DNV GL holds a small stake in VeChain after a private transaction in May 2008 – to drive its focus on building blockchain-based governance And the business ecosystem.

VeChainThor is VeChain's public chain, running on VET tokens, supporting the development of security and government frameworks, allowing organizations to control assets, information and revenue through robust distributed systems.

Sunny Lu, co-founder of VeChain coin, expressed his thoughts:

“Working with PICC has expanded our business in the insurance industry. We are confident that we will work with DNV GL to provide quality services and products to PICC.

For the pilot, PICC will first test VeChain's solution for a specific use case, then fully expand the blockchain system to create a “collaboration ecosystem” for customers and even competitors.

And this will make a big deal in VeChain history.

VET Info

The VeChain price is at $0.019323, rose 10.14%. The VET to USDT is still at the top of the VeChian market.

Readers interested in VeChain might also find our coverage helpful.

VeChain Thor Product Authenticity Solution - The Cryptocurrency Forums

Along with a forum section here: VeChain (VEN/VET)
 

cryptoforfun

Contributor
If you believe in Bitcoin currency or the enthusiastic supporter of Bitcoin, then you have to be careful. If Bill Harris is credible, you may have become a cult member unconsciously. (Harris believes that the future Bitcoin price will be very close to zero, not just a bit closer to zero because it has no value at all.)

The former CEO of the payment service company PayPal spoke on the Fast Money program, and he believes that the so-called advantage of Bitcoin does not exist.

Harris said: "The enthusiastic supporters of Bitcoin believe that Bitcoin is instant, free, scalable, efficient, secure, globally accepted and useful, but It is not.

The official Twitter of the Quick Money program said on August 14 that people who are optimistic about Bitcoin should be careful. Bill Harris, the former CEO of PayPal, called the cryptocurrency a cult product and said its value would fall to zero.

In addition, Harris also predicts that Bitcoin's future fate will be bleak, and he believes that the future price of this flagship cryptocurrency will be "very close to zero, not just a bit closer to zero because it has no value at all."

Harris further stated that the problems Bitcoin is seeking to resolve remain, especially in cross-border transfers, as cross-border transfers are currently slow and expensive. However, according to Harris, the solution to the cross-border transfer problem should not be cryptocurrency, but a faster network system.

When talking about the volatility of the largest cryptocurrency market, Harris pointed out that this fact alone can prove that Bitcoin trading can't be a payment mechanism, and it can be ridiculous to show that Bitcoin is "as a means of value storage.".

Firm Bitcoin opponent

Although Harris said this time is quite embarrassing, calling Bitcoin a cult and making the most modest criticism of it, but some people may not know that Harris has always been against this groundbreaking cryptocurrency. Skeptical attitude. As the media has previously reported, the former head of PayPal called Bitcoin the biggest scam in history in a review article published in a scientific journal four months ago.

At the time, Harris said that Bitcoin was an unprecedented trick to "sell the selling price and sell it on rallies." However, Harris's view of Bitcoin is in stark contrast to other people born in PayPal, such as Peter Thiel, an investor with billions of dollars in wealth, who believe that cryptocurrencies have "great potential."

Bitcoin Info

Bitcoin price today is at $7376.51, rose 1.26%.
 

cryptoforfun

Contributor
NEO traded up 7.06 percent to the dollar in the last 24h period closing 13:58 on September 5, EST. NEO currently has a market cap of $1,584,365,297 and its 24 hours trading volume is about $98,510,186. In the time period covering 7 days, NEO price is now trading at $24.37 against the USD.

Here is how other cryptocurrencies have risen over the last 24 hours:

LBRY Credits price is now trading at $0.070451 against the USD, and its 24 hours trading volume is about $180,679. The current market cap is $13,227,881.

INS Ecosystem price is now trading at $0.341712 against the USD, and its 24 hours trading volume is about $1,002,992. The current market cap is $10,354,184.

Polymath price is now trading at $0.213636 against the USD, and its 24 hours trading volume is about $1,002,992. The current market cap is $10,354,184.

NEO Info
On August 8th, China's first original public chain project,NEO blockchain, announced that it has fully completed its brand and technology upgrades, including ‘NEO’, including blockchain nodes, technical documents, social media accounts, official websites, Exchange or trade name, etc. to achieve a transition or upgrade. The small ant 1.0 version of the blockchain architecture officially changed to the NEO 2.0 version of the blockchain architecture, upgrading from a digital asset platform to an intelligent economic platform. At the same time, the heavyweight projects such as Hong Pulse Red Pulse also announced the joining of NEO Ecology, using Neo smart contracts for development.
 

cryptoforfun

Contributor
Recently, the Dogecoin community filed a petition with the petition service hosting site Change.org asking Amazon CEO Jeff Bezos to allow his e-commerce platform to accept Doge currency as a means of payment.

So what is a Dogecoin?

Dogecoin is an interesting, new, fast-growing form of digital currency. This form of digital currency is called 'cryptocurrency.' The cryptocurrency is completely anonymous, decentralized, and very secure. Dogecoins are stored with computers, smartphones or wallets on your website. You can use it to purchase goods and services or to exchange them in other currencies (including other cryptocurrencies or traditional currencies such as the Australian dollar). One of Dogecoin's most popular uses is to provide 'tips' for peer Internet users who create or share great content. Think of it as a more meaningful 'like' or 'upvote' that has real value that can be used across the Internet.

The petition was initiated by Mark E., a change.org user in the United States. He believes that Amazon is an industry innovation leader and therefore hopes that they can accept Doge currency to provide fast, low-cost transaction payment services.

Amazon is being asked to experience the Doge's coin, and if it does, Amazon will be the first top technology company to use Dogecoin. The petition also added that many small and medium-sized enterprises, charitable organizations and entrepreneurs around the world have used Doge currency as a means of payment for the purchase of goods and services.

As of now, the petition submitted to Amazon has collected 8,295 signatures, which has exceeded the number of signatures previously required to pay for the Doge currency in the Google Play app store. Previously, the number of petitions required to use Dogecoin on Google Play was only 1463. However, the time it takes for Doraco to ask Amazon to use its signature as a means of payment is very good, as the cryptocurrency market is recovering recently and some cryptocurrency prices have risen by more than 50%, so does Dogecoin historical price.

Amazon is one of the world's largest retailers, ranking 83rd among Forbes' top 2,000 largest listed companies worldwide, but has yet to accept any cryptocurrency as a means of payment. However, Amazon Gift Cards that users can purchase on Bitrefill and pay in cryptocurrency.

Dogecoin Info

Due to Bitcoin price dropped nearly 14%, whole cryptocurrency market fell. Dogecoin price dropped 5.15% on 15:13, September 6, 2018. Dogecoin market cap now is $573,834,983.
 

cryptoforfun

Contributor
Anonymous sources pointed out that after Elad Roisman was appointed as the new head of the US Securities and Exchange Commission (SEC), the Bitcoin Exchange Traded Fund (ETF) will be approved.

Roisman ‘may’ release the Bitcoin ETF

Recently, the Senate officially approved the decision of Roisman appointed by US President Trump to serve as a member of the US Securities and Exchange Commission. As a result, most of the internal executives of US regulators have a supportive attitude towards the Bitcoin ETF, and ‘at some point in the future,’ the Bitcoin ETF will eventually be approved.

The current member, Hester Peirce, is a well-known ETF advocate and has previously stated that ‘there is no reason’ to not approve the Bitcoin ETF.

An analysis on September 4 said: ‘At some point in the future, Bitcoin ETFs will eventually emerge. Bitcoin ETFs will have a dramatic impact on the legitimacy of the market, the introduction of institutional funds and ultimately the price of Bitcoin. Time will tell, but the emergence of the Bitcoin ETF may start with Elad Roisman as a member of the US Securities and Exchange Commission.’

Recently, the US Securities and Exchange Commission rejected a number of ETF applications, and the cryptocurrency market has also weakened, so does Bitcoin price.

The first nine applications were all rejected, and now several applications will be re-examined and final decisions will be made at different points in the future.

The analysis pointed out that the Van Eck / SolidX entity ETF may be approved in March next year, but still uncertain.


Here is how cryptocurrencies have risen over the last 24 hours:

Bitcoin traded up 1.35% percent to the dollar in the last 24h period closing 13:41 on September 7, EST. Bitcoin currently has a market cap of $112,862,082,050 and its 24 hours trading volume is about $4,715,911,952.

LBRY Credits price is now trading at $0.058049 against the USD, and its 24 hours trading volume is about $58,532. The current market cap is $10,919,836.

INS Ecosystem price is now trading at $0.271144 against the USD, and its 24 hours trading volume is about $571,865. The current market cap is $8,215,909.

Polymath price is now trading at $0.172459 against the USD, and its 24 hours trading volume is about $1,347,492. The current market cap is $48,547,983.

Binance Coin price is now trading at $10.22 against the USD, and its 24 hours trading volume is about $19,382,377. The current market cap is $976,121,064.
 

saad

Contributor
hello there
nice post for cryptocurrency all i wanna know is can i use cryptocurrency on my website??? :p;);)
 

cryptoforfun

Contributor
Bittrex cryptocurrency exchange exits Bitcoin gold

Although Bittrex, Seattle's large cryptocurrency exchange, recently launched new trading pairs, including cryptocurrencies such as Zcash and Ripple, it is actually a delisting coin.

According to the resource TheNextWeb, Bittrex immediately deleted the Bitcoin gold trading pair. The reason for this drastic measure is that BTG representatives are reluctant to compensate for the money stolen from Bittrex because of hacking attacks against Bitcoin gold hashing rights.

In May of this year, the attacker managed to get more than half of the Bitcoin's hash value, and then, from different exchanges, Bittrex stole nearly $20 million in digital coins. The exchange asked the BTG team to replace the assets. The BTG team stated that they are not ‘responsible for security policies within private entities like Bittrex.’

There is no doubt that Bittrex is not satisfied with this decision. Therefore, Bitcoin gold will disappear from the exchange in about 2 weeks.

The team further mentioned that during July 3, their network bandwidth has mitigated the risk of such attacks in the future. However, according to the statement, Bittrex informed the BTG team that it would withdraw from the transaction because they were not responsible for their chain events. ‘This means paying Bittrex 12,372 BTG to make up for the losses they suffered.’

In addition, as stated in the statement, Bittrex informed the BTG team that it would pay a partial loss from its reserves, but the remaining 6,000 BTG must be paid by them or they would be delisted. The statement added: ‘For a profitable exchange, this seems to be only a small part, but it is a large part of the funds available to the endowment fund that supports the Bitcoin gold project.’
 

cryptoforfun

Contributor
NBA Rockets boss, accepting Bitcoin to buy luxury cars

FHouston Rockets billionaire Tilman Fertitta's Post Oak Motor Cars will accept Bitcoin currency and Bitcoin cash to buy luxury cars such as Bentley, Bugatti and Rolls Royce. Post Oak became the first distributor in the United States to accept several payments from the currency.

It is reported that the luxury car dealer and Bitcoin payer Bitpay have reached a cooperation, Bitpay chief business officer Sonny Singh said in an interview that most buyers like to use the market value of the large password currency for bulk purchase because it is more convenient.

In January of this year, Tilman Furtita talked about Bitcoin in an interview with CNBC. He believes that Bitcoin has similarities with the rise of the Internet bubble of the last century, but he said that Bitcoin is real and is generally accepted. Tilman compared the rise of the Bitcoin ecosystem with the Internet bubble in the "dot com" era. He felt that this bubble is nothing new, just like people used to add a .com after their company name. Help the stock price rise the same.

Many people have made money because of the rise in Bitcoin prices. But Tillman added that there are actually many places in Bitcoin that need further understanding, and his biggest reservation is that Bitcoin is not "insured" by the government. He said:

"If you go to the bank and then try to withdraw $1 million, you will withdraw it. This money is not for the bank, it is paper. The same is true for Bitcoin, just like paper. However, Bitcoin does not currently have insurance from the Federal Deposit Insurance Corporation. And before Bitcoin is insured, there will be no one to buy it."

Although Bitcoin prices have recently fallen, Tilman still believes that more and more companies will accept Bitcoin in the future, according to his own words: " This will happen, Bitcoin is Real, just new."

In addition, according to the current development of Bitcoin market, Bitcoin is not suitable for the micropayment field, because the small transaction is similar to the large transaction miner. For small transactions, this transfer fee is quite expensive. However, for large transactions, it is far lower than the transaction costs of banks, so the current use of Bitcoin is inherently an alternative currency for private individuals with high net worth.

Bitcoin Info

Bitcoin price today is $6481.98, dropped 0.80%.
 

cryptoforfun

Contributor
Weekly NEO News


NEO founder Da Hongfei: The more you fear the decline in the price of the coin, the more it will sell; the more it sells, the faster the price drops.

NEO coin, founder of Onchain Distribution Technology, said that there is not a good way to make a correct valuation in the blockchain industry, and there is not much fundamentals to look at, so the valuation of the project Emotionally driven is very serious, and now the market is not confident enough, and the valuation of many projects has naturally come down. The more you fear the decline in the price of the currency, the more it will sell; the more it sells, the faster the NEO price falls. This is a vicious circle.

NEO blockchain game contest ended: 248 teams participated, 39 projects were shortlisted (promotion)

The NEO Blockchain Game Contest, hosted by NEO Blockchain Game Platform BlaCat, officially ended. In the first competition, there were 248 participating teams, 60% of whom came from overseas, and eventually produced 39 finalists, and produced a number of awards including technical effect award, design effect award, business value award, and game creativity award. BlaCat founder Chen Xi said that the BlaCat chain travel platform will mature in the next six months to one year, and this requires game developers and even the entire industry to promote together to find a win-win model to accelerate the pace of NEO game ecological construction. The era of chain travel really entered the public life. Officials said that the BlaCat chain travel platform is negotiating with the NEO Game Contest winning team. Once the agreement is reached, the former will be escorted by a large number of high-quality DApps in the early stage of the platform.

NEO main network introduces CGAS to map GAS in contracts

The NEO main network has introduced CGAS to map GAS. According to NEO Smart Economy, digital assets include global assets (NEO and GAS) and contract assets (NEP-5 tokens). GAS does not directly support the contract, so CGAS and GAS are introduced for redemption. CGAS is a NEP-5 contract asset with a 1:1 ratio to GAS and 100 million CGAS and GAS.

Blockchain company O3 Labs announces launch of its desktop version

According to Ambcrypto, O3 Labs, a blockchain company based on NEO technology, has announced its desktop version, which supports NEP-5 ONT, ONT, ONG main network, token migration and Ledger. NEO coins are now quoted at $19.76 , dropped 3.62%, current NEO market cap is $1,284,102,357.
 

cryptoforfun

Contributor
Misleading is the main reason that Bitcoin price dropped
Blockchain heat has fallen a bit while some people have lost a lot of money, especially the decline in Bitcoin price has caused a lot of market turmoil, but those who indirectly participate in this industry chain have returned to their original track, but many people still have great hopes for their re-value.
However, this does not affect them to guide these investors in other channels. As long as the hotspot of the blockchain and Bitcoin currency is not extinguished, such media will not disappear. The final result is that a few powerful blockchain media have gained a firm foothold. Blockchain media, which have been slow to develop and are not very attractive, have been suppressed by them.
For the investors, the investment blockchain seems to be very promising at a certain time. However, there is no lower limit to the value of this cryptocurrency without physical basis. The large swing is a significant feature of its price. A good method is Long-term hoarding of this cryptocurrency, after the entire market has reached saturation, the value of the blockchain currency will continue to increase, the current price fluctuations are local disturbances, for the stock market, this local disturbance period is not a A good investment period, but some people have invested in blockchains to make quick money. For them, this is tantamount to expecting a probability that things become inevitable, which is similar to buying lottery tickets. In the case of floating uncertainties, it is expected that the price of the blockchain currency will continue to rise. This psychological factor is the reason for their losses in investing in cryptocurrency.
Bitcoin Info
Bitcoin price today is $6350.52, rising 2.11%. BTC to USD is still at the top in Bitcoin market.
 

cryptoforfun

Contributor
According to report, the Bitcoin Gold (BTG) team recently announced to the US digital currency exchange Bittrex that it will go down the BTG transaction on September 14 and said that it has neither the ability nor the responsibility to pay the cyber security compensation required by Bittrex ( About 6000 BTG), although he was willing to provide Bittrex with a BTG loan to help solve the "short-term liquidity problem" but was rejected. It is said that the withdrawal of Bittrex has no significant impact on BTG itself. Because the Bittrex exchange is not the exchange with the strongest liquidity and maximum volume of BTG transactions, the BTG team is not worried about the consequences of delisting. Earlier, Bittrex announced that it would close the BTG transaction on September 14 and announced the delisting reason for the BTG team's refusal to pay cyber security compensation.

So far Bitcoin Gold traded up 3.14 percent to the dollar in the last 24h period closing 13:36 on September 10, 2018, EST. Bitcoin Gold currently has a market cap of $329,174,655 and its 24 hours trading volume is about $6,531,889. In the time period covering 7 days, Bitcoin Gold price is now trading at $19.11.

Here is how other cryptocurrencies have risen over the last 24 hours:

Golem price is now trading at $0.132796 against the USD, and its 24 hours trading volume is about $4,809,675. The current market cap is $127,383,364.

Dogecoin price is now trading at $0.006182 against the USD, and its 24 hours trading volume is about $45,919,589. The current market cap is $717,606,914.

Basic Attention Token price is now trading at $0.154601 against the USD, and its 24 hours trading volume is about $3,114,122. The current market cap is $154,600,735.

The weekend sell-off continues and the market is approaching another new low in 2018. Yesterday morning, the market value of the cryptocurrency market was once again below 200 billion US dollars, and almost all cryptocurrencies were in a vortex.

Bitcoin failed to hold the $6,400 support level and once again fell below this critical level. On the day when Bitcoin fell to $6,200, the price fell by 4.3%. A strong bearish signal suggests that bitcoin prices are likely to fall further and even fall below $6,000. Ethereum’s slow dog band fell below its lowest point since July 2017, and it fell 12% on the day. The current price of Ethereum is $200.

The decline caused the market value of cryptocurrency to fall below $200 billion for the second time. On Saturday, the market value fell by 12 billion US dollars, a drop of nearly 6%. On the 14th of last month, the market value suddenly fell to this year's low, when it was about 189 billion US dollars. The current market value is about $192 billion, and the market value is still declining.
 

cryptoforfun

Contributor
There are several ways to get Bitcoin, but the overall division is to dig coins and buy coins. But the premise of getting Bitcoin is that you need to have a Bitcoin wallet of your own. You can buy one or you can download one. Here are some ways to get Bitcoin:

Digging coins

1. Use Bitcoin mining machine to get Bitcoin currency

Mining is the only way to obtain undeveloped Bitcoin, and it is necessary to purchase professional mining equipment for mining in the mining industry.

Bitcoin mining machines use a lot of calculations to obtain Bitcoin through the hash algorithm. Everyone knows that the number of Bitcoins is a constant 21 million, and the number of people mining will increase with time.

The difficulty of the Bitcoin system is dynamically adjusted. Each time the 2016 block is dug, an adjustment will be made. The adjustment is based on the block time of the previous 2016 block. If the average time of the previous cycle is less than 10 minutes, it will be added. Difficulty, greater than 10 minutes, reduce the difficulty, the purpose is to ensure that the system is stable every 10 minutes to produce a block, so the difficulty adjustment time is about 2 weeks (2016 * 10 minutes), which means that the output will be It will be halved in four years, and the difficulty will be adjusted every 14 days, so the megatrend seems to be less and less mining.

2. Buy computing power to get Bitcoin

After the mining prevailing, some Bitcoin mines appeared, that is, multiple mining machines were concentrated in one place for mining, unified maintenance and management, and low electricity prices to reduce the cost of mining.

The most important parameter of Bitcoin mining machine is the computing power. The higher the computing power, the higher the output. The Bitcoin mining difficulty also uses 1t computing power to dig how many Bitcoins to measure the current mining difficulty, so some mines The field will sell the calculations directly to the user to dig the coins, so that the mining risk is relatively low, there is no need to buy mining equipment and no need to maintain the care. The maintenance management of the mining machine is relatively troublesome.

3. Reward for Bitcoin

With the increase in Bitcoin prices, Bitcoin has gained wider popularity than before, and the status of Bitcoin is unmatched in other currencies in virtual currency. There are also some entities in the market that reward the Bitcoin mechanism.

the transaction acquires Bitcoin

1.Offline transaction

The easiest way to get Bitcoin is to find someone who holds Bitcoin to buy Bitcoin, which is the same as buying a product, but Bitcoin is not for everyone, so find someone to hold it, then go straight. Transfer transactions, there will also be a certain degree of risk, the other party needs to personally grasp whether it is a liar, so on the basis of not being acquainted or without a certain trust.

2. Over-the-counter trading

Directly to the trading platform to buy, there are lots of Bitcoin trading platforms. If you need to trade Bitcoin, it is best to go to a well-known exchange, because it is less risky.

If you want to get Bitcoin, you can try all of the above methods. It is easier and easier to buy coins on the downside than in mining. Bitcoin price today is $6,384.11. People all want to get a hand of it. Of course, depending on individual circumstances.
 

cryptoforfun

Contributor
There are so many different cryptocurrencies in this world now. So which one is worth investing and that’s what we are going to find out today.

Let’s learn about Litecoin, the seven-ranked cryptocurrency. So what is Litecoin?

Litecoin is based on the Bitcoin protocol, but unlike Bitcoin, even at this stage, it is possible to ‘mining’ efficiently through consumer-grade hardware. One of Litecoin's design goals is to provide a mining algorithm that enables it to be run simultaneously on machines that mine Bitcoin. While the application of integrated circuits designed to tap bitcoin is on the rise, Litecoin is also following the evolution of technology. But before the Litecoin currency is widely used, it is unlikely that an application specific integrated circuit designed specifically for Litecoin will appear.

Litecoin is a network currency based on ‘peer-to-peer’ technology and an open source software project under the MIT/X11 license. It helps users pay instantly to anyone in the world.

Litecoin Assessment

The Litecoin is inspired by Bitcoin and technically has the same implementation principle. The creation and transfer of Litecoin is based on an open source encryption protocol that is not managed by any central authority.

Like Bitcoin, Litecoin is also an open source peer-to-peer encrypted electronic currency that is technically highly complementary to Bitcoin. It is intended to complement bitcoin. Cryptocurrency creation and transfer are based on encryption protocols and are not subject to central authority. management.

Charlie created the Litecoin to make it a means of micropayment. Bitcoin can also be used to store value and circulation, but Bitcoin transaction speed is severely limited due to Bitcoin's confirmation time and block size.

At the time, Charlie believed that people could trade large amounts of assets on Bitcoin, but transactions in small assets could be realized through Litecoin exchange because Litecoin offered faster transaction speeds and lower fees.

LTC Info

From the Litecoin chart, we can see that Litecoin price today is $54.57 at 14:54 on September 11, 2018, the 24h volume of LTC to BTC is still at the top.

After seeing this, did you know Litecoin better?
 

cryptoforfun

Contributor
Bitcoin Weekly Big News
Bitcoin is approaching the key point of $6,000 again

Since February, Bitcoin currency has held the $6,000 mark four times; if it falls below this price, it may indicate a further decline. The GTI VERA, which detects trend reversal and depletion, has just ended its longest continuous purchase since July, showing that Bitcoin investors may face more losses and suffering.

In the case of continued regulatory pressures, and people are increasingly feeling that the widespread adoption of digital assets may take longer, Bitcoin prices have lost more than half this year. As the interest of institutional investors and individual investors weakens, the feeling of frustration is becoming more common.

At 12:54 pm New York time, Bitcoin fell 0.7% to $6,256.74. Bitcoin has fallen more than 11% since the beginning of this month.

SEC suspends two types of tracking product transactions tracking Bitcoin and Ethereum

On Monday, SEC issued an order to suspend trading of two investment products that track cryptocurrencies. The two investment products are Bitcoin Tracker one and Ether Tracker One, issued by XBT Provider AB, a subsidiary of CoinShares Holdings.

In the official order, the US Securities and Exchange Commission emphasized ‘confusion of market participants’, pointing out that the nature of this type of financial instrument is the reason for suspending its trading.

The official statement said: ’The broker-dealer application materials submitted for the provision and sale of these financial products in the United States and certain trading sites are characterized as ‘exchange-traded funds’. Other public resources describe these instruments as ‘exchange-traded Bill’. In contrast, the issue describes it as a ‘non-equity linked certificate’ in its offering.’

The US Securities and Exchange Commission continues to say that the decision is in the ‘public interest’ and is in line with its ‘protection of investors’. The suspension of the transaction will start at 5:30 on September 10th, Beijing time, until 11:59 on September 21st.

The product has been listed on the NASDAQ exchange in Stockholm since 2015. The SEC began offering services to US investors one month before the order was issued, and began to quote in US dollars on August 15. These products are known as ‘soft openness’ in Bloomberg news reports, in stark contrast to exchange-traded fund (ETF) products that have recently been rejected by regulators as a faster way to gain access to the US dollar’s cryptocurrency. Mouth.

Ryan Radloff, CEO of CoinShares Holdings, said at the time:’Everyone who invests in US dollars can now buy these products, which previously could only be purchased in Euros or Swedish Krona.’

Bitcoin Info

Bitcoin price today is $6,309.63, dropping-0.99%. BTC to USDT is at the top in the Bitcoin market.
 

cryptoforfun

Contributor
VeChain, an ambitious cryptocurrency

Although the bear market still looks like a long period of time, there are still some bright currencies in the market. For example, VeChain coin, which we are going to introduce to you today, has skyrocketed 20 times in just half a month.

For investors, in addition to the rising VeChain price, holding VET can also receive daily dividends, and the current annual natural gain is about 15%+, which is quite attractive.

On June 30, 2018, only the chain officially launched its own chain-only Raytheon public chain main network. In mid-July, the exchange opened VEN and VET replacements, replacing VEN with VET at a ratio of 1:100. Since then, VET has become the only new card.

First, according to the white paper of the VeChain, the vision of the VeChain-only Raytheon blockchain is to create a trusted distributed business environment with transparent information, synergistic efficiency, and high-speed value transmission.

Specifically, the only thing that the VeChain needs to do is to develop a product lifecycle traceability solution covering manufacturing, logistics, and supply chain, wholesale and retail, after-sales service, etc., and even combining IoT technology to allow consumers to participate in the block. Chain fake. Imagine that fashion and luxury brands, food manufacturers, car manufacturers, etc. can use a chain-only solution to prevent counterfeiting, and consumers can easily check product information on the chain. All these make the VeChain value more precious.

The VeChain White Paper shows that as of early 2018, more than 210 application collaboration opportunities are being communicated.

In order to attract business users to settle in, the only chain adopts the ‘dual currency system’. The so-called ‘dual currency system’ refers to the circulation of two types of certificates in one system.

Chasing back to the VeChain history, we can see that its price kept dropping.
 

cryptoforfun

Contributor
2017 is the first year for Bitcoin currency to encounter the dilemma of network evolution. Bitcoin’s initial 1MB capacity limit, after years of trading, has accumulated far more than expected data information records, making it close to being triggered in 2017, and Bitcoin is in ‘capacity cliff’.

In 2009, since the official issuance of Bitcoin, thousands of cryptocurrency have emerged: in 2011, Charlie Lee created Litecoin; in 2012, Chris Larsen and Jed McCaleb’s Ripple coins formed; in 2014, Ethereum successfully launched ICO.

The ever-increasing variety of cryptocurrency represents the strong explosiveness of blockchain technology in the field of financial technology. On the other hand, it also shows that under the belief that the algorithm is also the basis for currency issuance, the technical routes still Full of fierce competition. Before the cryptocurrency challenged the central bank’s legal currency system, fierce competition began first within the cryptocurrency.

2017 is a crucial year for significant changes in the competitive position of Bitcoin. Prior to this, new cryptocurrency were continuously issued, and the total market capitalization and total transaction volume of cryptocurrency increased steadily, but the Bitcoin market value has been firmly maintained at over 80%, and the total trading volume is also 60% to 80% fluctuations within the interval. Beginning in the second quarter of 2017, Bitcoin’s market share declined rapidly to a minimum of 33%, so does the Bitcoin price. Changes in regulatory policies such as the closure of the Bitcoin trading platform in China are not sufficient to explain, as the total market capitalization and total trading volume of cryptocurrency have continued to grow steadily during this period.

2017 is the first year for Bitcoin to encounter the dilemma of network evolution. Bitcoin’s initial 1MB capacity limit, after years of trading, has accumulated far more than expected data information records, making it close to being triggered in 2017, and Bitcoin is in a ‘capacity cliff’. In the case that the block expansion problem cannot be reached, Bitcoin has appeared ‘hard fork’ many times. The split caused by ‘hard forks’ not only impacts the dominance of Bitcoin in the cryptocurrency, but also brings the early dominant cryptocurrency to lose the first-mover advantage brought by the positive feedback effect. The internal pattern of money has changed from a power law distribution to an approximate normal value.

The network evolution characterized by the loss of power-law distribution is a process of ‘decentralization’. The medium-value-size cryptocurrency of about 10 million US dollars has increased substantially, and the entire frequency histogram is close to the bell shape. The cryptocurrency network that loses the power-distribution characteristics of ‘no scale’ and ‘small world’ retains the ‘decentralized’ genes, but loses more efficient price information transmission and price discovery mechanisms, in response to financial and economic signals. The transaction costs are increased, the price is more volatile, and its identity as a potential central bank credit currency is widely questioned. Some people said that the Bitcoin historical price might never see again.
 

cryptoforfun

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The current public opinion orientation of Ethereum is not ideal. Through the collection of statistics on the ETF coin’s related Twitter content, it is believed that the negative emotions about Ethereum occupy the dominant position of the current public opinion. On July 16th, Tetras Capital, a well-known hedge fund in the encryption market, published a research report titled ‘The Flippening of Market Irrationality’. People think this is the beginning of the market to weaken the Ethereum.

But what really ignited the market’s bearish Ethereum sentiment was an article published by TechCrunch a month ago entitled ‘The Collapse of ETH is Inevitabl’, causing the continued collapse of Ethereum prices.

Many Ethereum singers believe that the price of a large number of ERC20 tokens will be zero in the future. They have to sell the cryptocurrencies they have collected from ICO (especially Ethereum and Bitcoin) for the sake of the project. Currently, the value of crypto assets held by some projects within the Ethereum ecosystem far exceeds the market value of these projects.

This phenomenon, which has the largest decline in Ethereum, deserves our attention, as it may mean that Ethereum is oversold in the past 90 days relative to other smart contract platforms and may be superior in the next 90 days. From the historical data of the past three years, even if we do not include the large-scale bull market in 2017, we can find that Ethereum has achieved positive returns in the last quarter of each year, which shows the price of Ethereum and Bitcoin. The trend has a seasonal pattern.

Ethereum and Bitcoin prices are highly correlated and linked. As the leading asset in the cryptocurrency market, the price trend of Bitcoin determines the general direction of the market. In the past two weeks, bitcoin prices have fluctuated between $6,100 and $6,500. And we conclude from a long-term technical analysis that Bitcoin needs to break through $7,500 to usher in a bull market again. This also correspondingly set a significant ‘threshold’ for the price break of Ethereum.

In conclusion, we believe that Ethereum market has a strong enough price increase, but the Bitcoin price trend will be a potential risk factor. So before Bitcoin does not break through $7,500 to form an uptrend or break below $6,000 to form a downtrend, and as the US exchange’s decision on the CBOE Bitcoin ETF approaches, trading price fluctuations in Ethereum or other cryptocurrencies will likely further Increase, be sure to do risk management of assets when trading.
 
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