Category: News

Categories
Crypto News

Cryptocurrencies Graveyard – More Than 800 Cryptos Are Dead

Since the creation of Bitcoin (BTC) in 2009, more than 800 cryptocurrencies have disappeared for various reasons. Thar is assured by the Dead Coins portal where you can consult the lists of these crypto coins, their status and the causes of their disappearance.

The 2018 cryptocurrencies market drop and lose of trust in cryptos caused many digital assets to vanish

The growth of dead or retired cryptocurrencies has increased in recent months due to the sharp fall of Bitcoin (BTC) and other significant cryptocurrencies. BTC entered in 2018 with a valuation of nearly $20,000 per unit and is now only valued at about 35% of that figure in the most conservative markets.

The reason for the loss of trust in this type of currency also increased due to the numerous hacking or scams that have been carried out against the cryptocurrency exchange platforms or newcomers, respectively. That generated fear in the people who owned these digital assets, forcing them to sell their cryptos before their money was utterly diluted, but also in those people who wanted to invest in this market for the first time.

Dead Coins list includes all kind of crypto coins, from hacked one to those that were never established

Several financial analysts have determined that this instability of cryptocurrencies is very similar to what happened in the 2000s when the “.com” bubbles burst and fear increases the crypto coins’ credibility. But other people are taking advantage of this fall to buy and invest in companies that launch this type of currency to finance their projects and then claim the cash when the momentum is gained.

The Dead Coins list comprises 12 hacked coins, 55 of which were jokes, 125 were scams and 635 were not established.

Also, the figures above indicate that ICOs (initial coin offerings), even though they are very frequent in the cryptocurrencies market, they are not as successful as expected. While between all the 760 ICOs on the Dead Coins list only 125 were scams, 635 were trustworthy ICOs but which didn’t reach maturity, stuck somewhere in the process.

Categories
Crypto News

BTCC To Relaunch Its Cryptocurrency Trading Platform And To Release The BTCC Token

BTCC announced the relaunch of its cryptocurrency trading platform today. Also, the company, which has been recognized as the oldest in the industry and one of the three largest in China until last year, will also offer its token in the future. The company is facing the obstacles posed by the Chinese authorities since September last year.

Today’s announcement indicates that the renewed cryptocurrency trading platform offers support for Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH), which can be exchanged for US Dollars.

The BTCC cryptocurrency exchange platform already comes relaunches with an advantage, since, according to InsideBitcoins most exchanges only offer trading with Bitcoin. It will also be possible to make exchanges between pairs of cryptocurrencies.

However, Aaron Choi, BTCC cryptocurrency exchange platform’s VP, estimates that the offer of cryptos will be limited to the top 10 of the cryptocurrencies market.

The relaunch of the BTCC cryptocurrency trading platform has been presented with a series of benefits to encourage the use of the platform. For example, exemption from paying fees for the first three months. Also, BTCC will offer a type of reward in points that can be exchanged for the BTCC token that could be launched in the coming months, although no specific schedule has been established for its release date.

BTCC to relaunch its cryptocurrency trading platform, plus the new BTCC token, after suspending crypto exchange operations in 2017

During September 2017, BTCC had to suspend its operations due to the cryptocurrency regulatory measures adopted by the Chinese government, which interceded with the demands of the People’s Bank of China, restricting the commercialization of crypto coins in the cryptocurrency exchange platform across China.

The company restarted operations in Hong Kong and London, as well as Huobi and OKCoin who also had to move their operations centers to other countries, but unlike these other exchange platforms, BTCC failed to position themselves firmly in the market.

In January 2018, BTCC operations were transferred to a Hong Kong investment fund focused on technology and blockchain, which since then has taken control of the mining pool, its Mobi Wallet and the BTCC cryptocurrency trading platform with the aim of repositioning it internationally.

Categories
Crypto News

Cardano (ADA) And Google Are Discussing A Possible Partnership

Charles Hoskinson, Cardano (ADA) founder, is unstoppable lately. After advising Justin Sun, the TRON (TRX) founder, to use Cardano’s mantis client instead of Ethereum’s Javascript, now, Hoskinson went to talk with Google for a possible partnership between Cardano (ADA) and Google.

As a matter of fact, Google asked Charles Hoskinson to come to a meeting where the two enterprises, Google and Cardano, discussed the potential of applying new technologies that would benefit both companies in equal measure.

Charles Hoskinson was invited to talk about Cardano and the future of cryptocurrencies at Google’s London Headquarters last month.

Cardano Community

According to Hoskinson, more details about the topics debated during the meeting will roll out soon, but, in the meantime, the founder of Cardano (ADA) offered some clues, saying that he talked about the functionality of the ADA cryptocurrency, the features of the Cardano blockchain, and the superiority of the Ouroboros algorithm behind the Cardano project.

Cardano (ADA) and Google are discussing a possible partnership

The meeting was the perfect environment for cryptocurrency and FinTech enthusiasts to listen to Charles Hoskinson debating Cardano (ADA) and its future in the cryptocurrencies market. Many questions were asked during the meeting, but one, in particular, demanded an answer on how is Cardano (ADA) planning to overcome Ethereum. Charles Hoskinson said:

How many Java, C++ or Go developers are writing code on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform (…) With Cardano, first off, we’re backward-compatible, 100%, we’re running an EVM.

Charles Hoskinson

Cardano (ADA) is currently the 8th in the cryptocurrencies market, scoring a market cap of about $4 billion. At the moment of this writing, ADA trades at $0.15, rising by about 8% in the last 24 hours.

The meeting between Charles Hoskinson and Google’s representatives was meant to give a signal that both Cardano (ADA) and Google are discussing a possible partnership that would benefit both companies equally.

Categories
Crypto News

Charles Hoskinson Announces New Cardano (ADA) Wallet

For those who don’t know, Charles Hoskinson is the founder of Caradano and leader of IOHK. The cryptocurrency expert has a massive Twitter following because he is known to announce important information over the social media platform and this is exactly what he did a couple of hours ago. Charles Hoskinson announced that a brand-new crypto wallet is going to launch during the upcoming future and that it will be complementary to the Deadalus wallet.

Charles Hoskinson Announces New Wallet

“Now for that promised end of month ANN. A new wallet is coming soon to the Cardano ecosystem. It’s really exciting and complimentary to Daedalus. I think people are really going to like it. Details coming in August” said Charles Hoskinson over his official “IOHK_Charles” Twitter account. The news is exciting, but unfortunately, we will have to wait until August in order to find out additional details.

The Daedalus Wallet

The Daedalus wallet has been made available back in January and it had its fair share of bugs. Luckily, the IOHK community moved fast and took care of the wallet’s bugs and issues and this made it a fan favorite in the crypto community.

However, the IOHK team later decided to extract all the IPC (inter-Process Communication) logic of the wallet between main and rendering process to a new layer. The reason why the IOHK team did that is because they wanted to simply the code to make it easier for developers to create improvements and advancements.

Cardano (ADA)

Cardano is currently sitting on the 8th place in the cryptocurrency market and the total market capitalization is valued at $3.54 billion. Moreover, the ADA token is priced at $0.136 and the price is always susceptible to change since the cryptocurrency market is highly volatile.

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

Categories
News Tech

Electra iOS 11.3.1 Jailbreak New Update is Coming Soon – CoolStar Speaks Out

It’s been a couple of weeks since the Electra iOS 11.3.1 jailbreak has received any updates. However, the Electra team announced that a new update will be coming out soon and that it will contain a bunch of software tweaks that take care of a known APFS rootfs remount issue. With that being said, let’s check out everything there is to know about the upcoming Electra iOS 11.3.1 jailbreak update.

Upcoming Electra iOS 11.3.1 Jailbreak Update

The developers who work on the Electra jailbreak tool have said that their main goal is to create a fully functioning tool and to release it to the public. In addition, this information comes directly from Redmon Pie. Initially, the developers were planning to wait on other people to take care of the issues that the tool has, but they decided that this would take way too long and that they would rather take matters into their own hands.

Public Release

Even though the development process for the highly anticipated Electra iOS 11.3.1 jailbreak tool is going at a slow pace, the developers said that they are going to release it publicly as soon as a stable version is available.

“We (@electra_team) are working on fixing up Spark’s bypass ourselves now. Please lay off Morpheus as we are working on it ourselves now” said CoolStar over Twitter. Morpheus is the developer known as Jonathan Levin and CoolStar is urging people not to spam him with messages.

Official Release Date

While the fact that CoolStar confirmed the entire Electra team is working on patching up the issues with the Electra iOS 11.3.1 jailbreak tool is great news, the developer has yet to announce an official release date. With the way things are going right now, we think it’s safe to assume that CoolStar might need a couple more weeks before the jailbreak tool can be released.

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

Exit mobile version