Category: Crypto

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Crypto

Cardano (ADA) CEO Is Sure ADA Will Surpass Bitcoin (BTC) And Ethereum (ETH) In 1 Year

The founder and CEO of Cardano (ADA), Charles Hoskinson, believes that his cryptocurrency will surpass Bitcoin(BTC) and Ethereum (ETH) in just one year. Mr. Hoskinson provided feedback immediately after ADA achieved the seventh position by market capitalization within the cryptocurrencies market.

While almost all the crypto coins are trading green, as we speak, the tumultuous period recorded in January-February has not been fully reversed, to date. Thus, the dissipated gains have not been recouped, just yet.

The Cardano (ADA) devs have mainly concentrated on upgrading the crypto’s technology. Ethereum (ETH) and Bitcoin (BTC) are in the lead thanks to their huge market caps but ADA is going to come from behind and overcome these two cryptocurrencies, according to Charles Hoskinson.

Bitcoin is advertised as a payment system and a means of exchange, and so everyone who has tried to use it for that has been a miserable failure. They usually stop taking it, or find ways to take cash, and through a creative structure like the one Bitpay has made. Ethereum claims to be a global computer, but then CryptoKitties breaks it down.

Charles Hoskinson, Cardano (ADA) CEO

Cardano (ADA) will be observed as the only scalable and secure cryptocurrency, hopes Hoskinson

ADA’s CEO is pretty sure that the capabilities of Cardano (ADA) to reach from a milestone to the next one on its roadmap is one of the advantages of the network and will be noticed as an important feature by the crypto enthusiasts.

When it comes to security, Charles Hoskinson also said that investors would feel safer to invest in a cryptocurrency which possesses best and well-established protocols in the market, such as ADA has.

We don’t know if Cardano (ADA) will indeed surpass Bitcoin (BTC) and Ethereum (ETH) in just one year but, in the meantime, we know that, at the moment of this article, ADA is trading at $0.25, recording a 4.08% increase in the last 24 hours.

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Crypto

IOTA (MIOTA): SensorHub, A PoC Application On The IOTA Ecosystem, Is Now Live

There is no doubt that the IOTA (MIOTA) ecosystem is one of those special ones within the blockchain technologies of our days. IOTA blockchain is struggling to differentiate itself from the others and, for this reason, the team behind this cryptocurrency is always innovating to bring the Internet of Thing (IoT) to the next level. Now, on the other hand, SensorHub, a Proof of Concept (PoC) application running within the IOTA ecosystem, is up and running.

Recently, a number of compliments and acknowledgments have not ceased to be heard about cryptocurrencies like IOTA (MIOTA) which are always keen to come with something new.

Also, among the most recent achievements signed by IOTA, there is the partnership with Kontakt.io which, along with other important awards obtained at the most important trading event at Hamburg, in Germany, suggests the fact the IOTA (MIOTA) is superior to other cryptocurrencies in many aspects.

SensorHub is now up and running and it just one of the proofs of the greatness the IOTA ecosystem offers

Yesterday, in a tweet, it was reported that SensorHub, a Proof of Concept (PoC) application within the IOTA ecosystem, is now up and running. This is marketed as a masked authenticated messaging (MaM) solution that relies on targeted sensor monitoring of the Internet of Things.

While MaM technology is currently undergoing a peer review and is still an experimental module, the SnesorHub is a refinement of IOTA technology and is described as a second-tier protocol for data transmission that will improve the “functionality to broadcast and access an encrypted data stream, such as RSS, over the Tangle (the distributed IOTA ledger) regardless of the size or cost of the device”.

SensorHub, a PoC running within the IOTA ecosystem, promises to deliver innovative sensor technologies in the areas of agricultural, farming, supply chain surveillance, vehicle conditioning, personal property tracking, and ambient monitoring.

On the other hand, at the moment of this review, IOTA (MIOTA) trades at $1.71, losing about 9% in the last 24 hours.

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Crypto

Litecoin (LTC) Price Might Surge As Toshi Cryptocurrency Wallet Announced Its Plans To List LTC

Toshi is a digital wallet platform that delivers a wide array of solutions for cryptocurrency investors. At the moment, Toshi is centering on Ethereum-based solutions, although a very recent tweet, re-published by the renowned Charlie Lee, the creator of Litecoin, hints that Litecoin (LTC) would be the upcoming addition on Toshi. If true, Litecoin (LTC) price might surge.

Apparently, Toshi has confirmed the news:

Toshi users often tell us that they love the power and simplicity of our user-controlled portfolio, where they can securely store and manage the assets available in the Ethereum blockchain (…) we are working to add support for other cryptocurrencies available on Coinbase, such as Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC), to Toshi! We don’t have an official launch date yet but we will keep you informed as we approach launch support.

Siddharth Coelho-Prabhu of Toshi

Litecoin (LTC) price might surge after its addition on Toshi cryptocurrency wallet

For Litecoin (LTC) this is a highly encouraging perspective, as it might motivate some new customers to get acquainted with the LTC solutions. Furthermore, a future listing on Toshi would place LTC in a better light for a complete mobile integration, a kind of adoption that LTC appears to be struggling to achieve.

Currently, LTC is not enjoying its time in the cryptocurrency market to the maximum, so this news coming from Toshi might turn out to be very positive. When the LTC addition goes live on Toshi, we can expect to witness LTC price making some significant moves upwards.

Currently, at the moment of this article, Litecoin (LTC) $132.32 after losing about 5% in the last 24 hours. Currently, LTC is the 6th within the cryptocurrency market, by market cap – about $7,5 billion.

Besides, Bitcoin (BTC) is rumored to make a new update any time soon and, therefore, many crypto enthusiasts believe the LTC will also adhere, which might mean, corroborating with a Litecoin (LTC) addition on Toshi cryptocurrency wallet, LTC price might surge.

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Crypto

Goldman Sachs To Launch “USD Coin”, Its Own ERC-20 Stablecoin Cryptocurrency Linked To The USD

Circle, a FinTech startup owned by Goldman Sachs, reported the future release of a Stablecoin crypto coin based on ERC-20 and tied to the US dollar value. The cryptocurrency owned by Goldman Sachs was referred to as the “USD coin” (USDC).

The crypto coin is sustained by the advancement of the CENTRE’s open source platform. USD Coin will operate as a “tokenized fiat money”, Circle declaring that the coin is of great significance to permit widespread adoption of the payments via blockchain technology. The new crypto coin also assists in the maturation of blockchain technologies that feature smart contracts.

USD Coin empowers customers to make use of USDC fiat tokens for cryptocurrency transactions and payments, as well as supplying a full stock of Stablecoin sustained by USD. USD Coin is designed on the open source platform Stablecoin for fiat money developed by CENTRE.

USD Coin is dedicated to providing alternatives to Stablecoin’s pre-existing offerings. Circle alleges that they have not been transparent, work in non-regulated jurisdictions with unspecified banking and auditing associates, and have been constructed as private proprietary-owned technologies. The USDC addresses this concerns by offering “detailed financial and operational transparency”.

Circle also stated that they will work within the legal regime of the US money transmission statutes, as would be the case for a corporation belonging to the fifth most important bank in the US, Goldman Sachs.

Goldman Sachs USD Coin is an ERC-20 Stablecoin tied with the USD

The USD Coin is constructed on the Ethereum ERC-20 Token standard and, therefore, it might be suitable for use on any cryptocurrency exchange that bears the ERC-20 standard. Also, it would be possible to use it with every single ERC-20-compatible digital cryptocurrency wallet.

There is a lot of interest from crypto ecosystem players, consumer companies, and banks to become USDC issuers and other tokens in different currency markets around the world.

Circle team

The supporters and sponsors of USDC are numerous, with the leading corporation in this regard being Bitmain, the renowned mining company and mining gear producer, which already plans a strategic $110 million investment in the new Goldman Sachs and Circle’s USD Coin (USDC) ERC-20 Stablecoin cryptocurrency.

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Crypto Markets News

The US Securities And Exchange Commission (SEC) Launched A Fake ICO To Warn Investors Regarding Scams

The world of initial issues of cryptographic currencies remains the US. There are many efforts by the authorities to safeguard the interests of investors in this type of micro-patronage for blockchain-based companies and the latest has been to ‘trick’ investors into showing them how easy it is to be swindled into such an initiative. Accordingly, the US Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy has set up a fake ICO website to show that fraud is on the agenda in this sector after months of warnings about the risks of investing in these products.

The website, HoweyCoins.com, complies with all the characteristics, promises and the language of the ICOs considered false. When users click the ‘Buy Coins Now’ button, they are automatically redirected to the official SEC website, where investors will find tips and tools to avoid scams.

“We have created this fake website as an educational tool to alert investors to possible fraud involving digital assets such as cryptocurrency and initial coin offers (ICO),” said the SEC spokesman.

According to SEC, about 50% of all ICOs are fake ICO and disappear with all the funds

Some of the suspicious elements pointed out by the SEC are the advance of more than 1% of daily returns or forecasts of a minimum growth rate of between 7% and 15% annualized in profitability.

SEC also warns about ICOs that are backed by celebrities or that meet the SEC’s marketing requirements.

The fake ICO launched by SEC underlines the fact that about 50% of ICOs fail or disappear with the money. These are the shocking numbers of all the initiatives to raise funds through the issuance of digital tokens that were launched in 2017.

Only 54% were moving forward by mid-February 2018.

In the US, the Securities and Exchange Commission (SEC) has taken action against a number of cryptocurrency issues, slowing them down and, more recently, has announced that it will require all cryptocurrency exchange platforms to register and comply with the same rules that are applicable to the stock exchanges.

 

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