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A huge number of things are going incredibly good for ledger these days. Bitcoin, ether and other cryptocurrencies stirring the people’s attention again. Accordingly, French startup raised $7 million series around the world to make hardware security devices universal.

Devices:

MAIF Avenir, XAnge, Wicklow Capital, GDTRE, Libertus Capital, cryptocurrency Group. The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto contributed to today’s subsidy round.

Ledger:

Well, you have knowledge about cryptocurrencies, you definitely have the idea that digital currencies’ start-ups centralize everything. A large number of scams are there. In addition, no need to trust any startup’s security team, do it to your own.

You have the ability to run your own Bitcoin wallet on your computer. But, hackers are still there to snatch your money from the computer or from a wallet, so be aware of scams.

Ledger makes a number of hardware wallets for several currencies. Actually, these tiny devices are the secure element. Furthermore, you also have a smart phone as Apple Pay or Android Pay with the same performance.

Ledger runs few tasks in a straight line on the secure element. It makes it more secure and then runs an app on your devices entirely. In this way, you will have the power to protect your bitcoins. Nobody can reach to the private keys on devices. In addition, devices repetitively check the honor of the firmware.

The company makes it sure that nobody has the ability to compromise the devices during production procedure. Co-founder Eric Larchevêque said, “When we manufacture the devices, all chips receive a Ledger certificate.” And, “When the device boots up, the computer sends a security challenge and the device answers.”

Smart devices & cost:

Ledger Nano S with tiny display and size of USB key is a well-known device in the digital market. Before the transactions take place from your computer, you need to confirm that a transaction on the device by entering your PIN code first. In this way,  if your computer gets compromised, transaction order will not over on device and you will not able to confirm that transaction.

The Company also making the ledger-blue. The Ledger Nano S’s cost is about €70 although blue cost is €275.

Crypto-wallets still newbie in the digital market. Accordingly, ledger sells more than 50,000 wallets and meet the company’s expectation by an inclusive margin.

By running a protected operating system on the secure element, there are other possible applications. For example, ledger might sell chips so that companies working in complex industries by making sure that server wasn’t compromised. Companies rising there money by introducing new hardware devices.

 

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Future of Crypto – State of DEXs, ICOs And Blockchain Technology

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Blockchain Predictions For 2018

Due to the abrupt increase of ICOs, Ethereum and the whole cryptosphere also went high in price exponentially last year. In 2017, there were several projects that got hacked because they had bugs in the code of their smart contract, numerous scams also came out, as well as few startups also showed up, which failed to deliver on their roadmaps.

Telegram is a popular social messaging app and is considering to launch a token sale. It is said that this token sale would become one of the biggest ICO token sales.

  • The leaked whitepaper of Telegram explains that it seeks to add a crypto micro-payment functionality to its chat platform.
  • Also, it is going to present an innovative and new scalable multi-blockchain network under the name “TON” (Telegram Open Network).
  • For accomplishing this, the project will try to raise $1.2 billion through an ICO.

Telegram Whitepaper

  • The Telegram’s whitepaper is potential to resolve all the important issues that Bitcoin and Ethereum are facing at this moment including, scalability and interoperability, and present a network that will handle millions of transactions each-second.
  • However, the problem is that the company doesn’t tell precisely how it is going to make this work.
  • In the 132 pages of text, specifications regarding how TON will overcome challenges related to building a huge and scalable architecture cannot be found anywhere.
  • Although developers are not too much overwhelmed, unprofessional investors might find the notable potentials of TON appealing.

 

Generally, reasonable regulations are going to serve well for the blockchain space in this long run and lastly, startups will halt taking money recklessly – only because they can and will instead concentrate on developing advanced technology.

Decentralized Exchanges and Scalability Issues

  • The adoption and implementation of decentralized exchanges haven’t been elevated until now, though it seems like they’ll turn out to be fairly mainstream in 2018.
  • With SEC regulations approaching, this probably also has centralized exchanges rattling.
  • To find token liquidity somewhere else, people will have to consult DEXs (Decentralized Exchanges).
  • It is expected that projects like EtherDelta will become popular this year as people are slowly repelling from Bittrex, Coinbase, etc.
  • At the same time, this doesn’t mean that centralized exchanges will be forgotten instantly – they are still world’s more expedient than any other operating or soon-to-be-launched DEX. However, they are probably going to mislay a huge amount of their market share this year.

 ico token sales

Lightning Network

It’s believed that payment channels including Lightning Network will also become a trend soon.

  • This promising technology allows people to open a bidirectional payment channel and transact through it without paying any fee.
  • Fees are required but only for opening or closing a channel and appears to be a potential solution to the scalability problem of Bitcoin.
  • It can assist other blockchains, as well.
  • Projects like Raiden Network already exist since they seek to achieve chain payment channel functionality to Ethereum.

 

If we talk about Ethereum and the future of crypto – its future switch to ‘proof of stake’ and after it happens, the user base network will perhaps get divided again. Anyone who owns loads of mining hardware might dislike the idea to drop ‘proof of work’ for clear reasons. On the other hand, there are cryptocurrency enthusiasts who think hard forks have to be avoided, in general. According to them, altering the blockchain in such way is contrary to the main principle of blockchain immutability. Consequently, there’s a chance that we might get a third network by the end of this year – on top of Ethereum and Ethereum Classic.

 

Adoption of Blockchain Technology

  • The blockchain technology can reconsider the supply chains industry.
  • One of the largest retail corporations in the world, Walmart, is utilizing a decentralized ledger to improve the traceability of the product.
  • Nestlé is intensely using blockchain technology to lessen food contamination, as well.
  • Microsoft and IBM are enthusiastically spreading private blockchains for individual and exclusive business use cases.
  • Last year, 57% of big corporations were either considering or utilizing blockchain technology.

This year, large organizations and big financial institutions including payment providers and pension funds will also embrace the blockchain technology.

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Nobel Prize Winner, Richard Thaler Says “Bitcoin and Its Sisters” Seem Like a Bubble

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Richard Thaler is well-known for his expertise and work in behavioural economics, also, he’s a Nobel prize-winning economist. Recently while speaking to a Portuguese publication ECO, he stated that after taking a close look at the market, he thinks that “bitcoin and its sisters” seem like a bubble and despite his analysis, he doesn’t have any idea when this bubble might burst.

Thaler said, that he can clearly see a bubble in the debt markets, as the given rates are almost close to zero. Furthermore, he added, that the market to him seems like a bubble of “bitcoin and its sisters”. Also, the cryptocurrency ecosystem is also acting absurdly, according to Thaler.

Thaler highlighted the Long Island Iced Tea’s shares as an example, as the shares are surging above 300% following a blockchain rebrand to Long Blockchain Corp. According to Thaler, it doesn’t make sense that companies are adding blockchain to their name and by just doing that, their value is going up, and it just keeps going like this.

bitcoin and its sisters

Thaler had already paradoxically discussed the whole Long Island Iced Tea case on his Twitter account. It happened after he got the Nobel prize, for his work in behavioural economics that also warns us of the distinctions between the behaviour of reality and homo economicus.

By using the examples of the dot-com bubble and 1987 Black Monday crash, Thaler said, he didn’t try to anticipate when this bubble of “bitcoin and its sisters” will burst, because by looking at history, we can clearly see that awful things can happen when markets become irrational.

In normal markets, we don’t see extreme events like these as often as we do in the cryptocurrency markets – Richard Thaler

Last year, in an interview, he stated that it looked like he was living in the riskiest moment of his life, and the stock markets seemed to be napping, although he admitted that he couldn’t understand it. He also admitted that was anxious about the stock markets and when the investor gets nervous, then it’s obvious that he’s going to get agitated. However, he noted that nothing can spook the market.

It seems like that Richard Thaler doesn’t like bitcoin, however, he isn’t the only Nobel prize-winning economist who dislikes bitcoin. Joseph Stiglitz, who won the price in Economic Sciences in 2001, apparently doesn’t find any useful functions for Bitcoin and thinks that cryptocurrency could be regulated out of the existence. Robert Shiller (Nobel laureate), who won a prize for his work in Trendspotting in asset markets, back in 2013, predicted that we’ll see a bitcoin crash, although it won’t go to zero, but it will probably bring the cryptocurrency down.

 

 

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Burger King Launches Own Cryptocurrency In Russia – WhopperCoin

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Burger King has taken the world by a storm as they launched their all new cryptocurrency “WhopperCoin” in Russia.

Reportedly, with each purchase of their signature Whopper sandwich, customers can now get WhopperCoin tokens through a digital wallet. The token is based upon the Waves blockchain.  It allows users to trade, transfer and issue tokens, on an integrated peer-to-peer exchange.

Customers can transfer and trade their coins online or simply use them to purchase food from BK. Although, the actual exchange rate for such transactions has not been revealed yet.

Just a year ago, Bitcoin users were threatened with being thrown in jail if they were ever caught using cryptocurrencies but that was soon to change. It is pleasing to know that the Russian Government has relaxed its grudge on cryptocurrencies.

The Burger King chain is set to launch an app for the digital tokens in both the Apple Store and Google Play in the coming future.

 

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Trial Of Zuckerberg – A Watershed Moment For Facebook

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Early this year, Facebook cryptocurrency news turned really bad when Facebook started to ban all sorts of cryptocurrency advertisements. Soon Google and Twitter followed Facebook and also did the same thing. No doubt it was a disheartening step for the crypto industry, moreover it was not the way how Facebook routinely works. All these restrictions were an effort to prevent scams and protect its users from crypto based frauds, according to Facebook. On the other hand Facebook was itself not following the rules and regulations which could fulfill the ethical requirements.

founder of facebook

We all know that Facebook has a long list of power abuse, even its platform is infested with alot of suspicious industries including abusive and misleading political articles and porn  stories of all sorts. Even, Facebook has been declared an unsafe place for our younger generation according to many critics, in that scenario, Mr. Zuckerberg is in no position to dictate others about what is ethically best for its users. Recently Facebook has been involved in the interference of Russian elections and the ultimate Cambridge Analytica scandal, according to which it leaked the confidential data of its users without their permission. Due to this irresponsible behaviour, Zuckerberg had to give testimony to Congress. This was not an ordinary testimony and was comprised of a set of strict questions by various Congressmen and the answers delivered by the founder of Facebook. For your interest we have summed up this conversation in the form of following brief article.

The Social Responsibility of Facebook

First of all the recent public blunders of Facebook were brought under discussion, the Cambridge Analytica scandal and the controversy around Russian trolls’ attempts to manipulate the US domestic political discussion being on the top of the list.

In short the Facebook–Cambridge Analytica data scandal involves the collection of personally identifiable information of up to 87 million Facebook users. The Cambridge Analytica started work on it in 2014 and from that time began collecting the set of informations. Facebook helped in all that procedure and provided the data of its users to the Cambridge Analytica. The scandal played a significant role in the incitement of public discussions on ethical standards of Facebook.

Response of Zuckerberg

Mark Zuckerberg apologized for his irresponsible and non professional attitude which gave rise to the situation with Cambridge Analytica, calling it a “breach of trust.” He also assured the Congressmen to make all the necessary changes in Facebook policy to prevent similar mishaps in the future.

 

Mark Zuckerberg also admitted that it was his personal mistake that he didn’t do enough to prevent the data breach and no other person from his organization was involved in it.

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BitCoin Mining Hardware Guide ft. CRAZY Obsidian Mining Rig

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Are you looking to make some bitcoins but are not sure that what is the best bitcoin mining hardware, we have covered everything that you are looking for. We provide you a detailed information about the best miners used by the top mining professionals. So, visit our website to get a better idea about best miners out there.

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