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After South Korea banned ICOs (Initial Coin Offerings), things seem to have slowed down; however, the ban hasn’t totally halted the flow of new digital coins on local exchanges. Despite the South Korea ICO ban, startups in the country haven’t closed their doors on the fundraising process and are settling their ICOs overseas and then, listing their digital coins on the exchanges of South Korea. The expansion arises on the heels of a report which suggests that the country, South Korea, is reconsidering its stance on ICOs.

blockchain start ups

Crackdown on Crypto-Markets

In September 2017, South Korea unleashed its crackdown on the cryptocurrency markets and banned ICO listings in the country. This move by South Korea threw a wrench into trading volumes of cryptocurrencies, where the price of Bitcoin is considered to trade at a heavy premium against other markets. Also, a rumour was circulating last month that the investors in South Korea might be scooping up Bitstamp (Luxembourg-based bitcoin exchange), in a contract which has the worth of almost $400 million; however, these reports haven’t been confirmed yet.

With all the other news related to the virtual currency exchanges, it’s been observed from several sources that Bitstamp, as it is one of the oldest exchanges, is in the final stage of being vended to the investors of South Korea for $400 million; however, buyers and the exchange, both are not commenting on it.

 

ICON (ICX)

For now, the surge has started to turn for ICO issuers, as it’s proven through ICON (ICX), which is a new coin developed by DAYLI Financial Group (Seoul-based fintech), though it is issued in Switzerland. The ICON Foundation is listed in Switzerland and works out of Korea. The top two cryptocurrency exchanges of South Korea are; Bithumb and Upbit. Both of these exchanges support ICON for trading. While South Korea followed China and banned ICOs, the issuing firms have discovered a way to avoid the regulations. ICON has been proved as a lucrative investment up to now, as it started trading at $0.11 and rocketed to $2.64 immediately.

 

Park Nok-sun, the NH Investment and Securities cryptocurrency analyst told Reuters that the listing on the trading platforms of South Korea is substantial, since it’s the first-platform-coin of the country that has advanced on code which can support other applications as well. ICON isn’t the only digital currency of South Korea that have evaded the ban. This trend has matured, as almost 12 companies have launched ICOs abroad; however, they’ve also listed their coins on the exchanges of South Korean, including Hyundai subsidiary Hyundai BS&C.

According to Reuters, regulators of South Korea want the blockchain startups of the country to be “transparent” about the international deals but at the same time, it doesn’t intend to be a hurdle in their way. Meanwhile, it would be inexpensive and much easier for South Korea to let the local startups launch their token sales locally again.

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Ethereum Hits $1,000  For The First Time – Jumps Closer To $100 Billion Market Cap

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Ethereum hit another milestone on Thursday after its price went above $1,000, the highest it has ever gone in the history of world’s third largest cryptocurrency.

Just four days into the new year and January has already been a remarkable month for the crypto market. During this brief period, the combined value of altcoin market tops has swelled by more than $140 billion, and altcoins now represent more than two-third of the crypto market cap. Recently, Ripple became the first altcoin to accomplish a $100 billion market cap, and Ethereum now seems ready to add its name to this prestigious list.

Like most digital forms of money, Ethereum has been on an extended rally since the start of December, when it was estimated at $428. Through the span of the month, the Ethereum value ascended by 76 percent and it finished the year at $752.

Despite dropping behind Ripple in its race to capturing the second spot for the most valuable crypto, Ethereum expanded its rally into 2018, getting through both $800 and $900 earlier in the week. This Thursday, Ethereum cost accomplished a notable high, ripping past the $1,000 for the first time in its history.

Ethereum now has a market cap of $98.1 billion, bringing it a yard closer to becoming the third digital money to accomplish a $100 billion market cap.

Despite the fact that Ethereum has yet to hit $1,000 on most Western exchanges, South Korean merchants have taken the cost of ether up to $1,322, enabling its worldwide average to stretch out into the four-digit region. Currently, a majority of ETH exchanging is focused on Binance, which represents more than 20 percent of daily ETH volume.

Traders Are Optimistic About Casper Alpha Release:

Despite the fact that Ethereum’s walk past $1,000 happened against the backdrop of a more extensive altcoin surge, at least a part of its development is likely due to the declaration that the Casper consensus algorithm had entered alpha testing, finish with a public Testnet, preparing for the system to change from evidence of-work (PoW) to verification of-stake (PoS).

Though Casper is a long way from production release, the way that it has entered alpha testing is bullish at the Ethereum cost. Ethereum’s engineers trust Casper will convey a large group of benefits to the Ethereum network, not the slightest of which is the ability to significantly decrease its inflation rate.

This will be conceivable on the grounds that PoS requires far less power than PoW, boosting system members to approve exchanges for lower rewards than the current ones distributed to miners.

The reduced inflation will make singular cash units more significant and, after some time, conceivably enable the system to achieve a deflationary state in which fewer coins enter the course than those lost or destroyed.

 

Story credit: ccn.com

Image: Google images

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Altcoin – Top 5 Altcoin Zoo with Animal Mascots

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Did you ever think about that how many currencies in the crypto market are using animals as their mascots??? Well, I don’t think so.

Today’s article is about top five altcoins with animals – by the way, all mammalian as mascots. Few coins are still active, whereas others are either past or resting at the pet mausoleum.

DogeCoin:

Dogs are the well-known devoted animal to humans. Nearly everyone has dogs as a pet. So, we will start with Dogecoin. In addition, this coin’s mascots are a specific dog – it is a doge, a Japanese Shiba Inu named Kabosu based actual meme dog.

Doge – a dog, not only a coin – became common in 2013. But, now no need to describe it more. Nonetheless, if you were living under last four years: the meme is a Shiba Inu picture with captions. These captions are decisively grammatically inappropriate. And, are assumed to reproduce the dog’s thoughts. Isn’t scary and such insecure, for example.

At the end of this year, Dogecoin was launched as Joke currency. This idea was belonging to the Billy Markus from Portland Oregon. Joke currency or not? but Dogecoin is still alive with the market cap of $344million.

TrueFlip:

A dolphin wearing glasses and a top hat. We know dolphins are intelligent and vastly social animal around the world. They have friendly nature and also trained to save lives of some people.

Basically, TrueFlip is a worldwide famous platform where you are allowed to buy tickets and win prizes in digital currencies.

Bitcoin blocks random hashes are openly used to draw some numbers for lottery and code used to run the game. This firm’s aim is to become world’s popular blockchain lottery. If this occurs, its jackpot would be high as $8 million worth of Bitcoin or maybe more.

altcoin exchange

NyanCoin:

We have another meme coin and this is Nyancoin, created on Nyan cat meme, an archenemy of dogs.

Nyan cat was turned to crypto-market early in 2014. Moreover, this word was derived from the Japanese word for cat’s meow. After a long relaxed, Nyan comeback this April with the market cap $394,000.

PandaCoin:

So, we are moving toward China now. Where we find big fluffy Pandas, who became the mascot. PandaCoin was launched on 14 February 2014, and now its market cap is around $1.5 million.

NeuCoin:

Fine, NeuCoin is a newbie to the world of altcoin exchanges. A blue squirrel NeuCoin’s mascot was belly up in late 2016. Just like a quick and small animal, the squirrel needs strong effort for effective ICO, who has a direct focus on tipping and micropayments. NeuCoin combined two games on one platform Facebook: Solitaire Racer and SongQuest.

So, Who’s next?

After the research, we can say that altcoin with animal mascots are on the way of fame. It is depending on the acceptance of the coin among the community.

 

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What Is A Bitcoin Faucet? What Are Top 5 Bitcoin Faucets?

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What Is a Bitcoin Faucet

A Bitcoin faucet is a reward framework, in the form of a website or mobile application, that distribute rewards in Satoshi, which is a hundredth of a millionth BTC. Satoshi is awarded to only those who successfully complete a specific task or captcha given by the website.

There exist countless faucets. However, as with everything else, the faucets aren’t the same in value. What’s more, clients regularly think that it’s staggering to pick the correct faucet.

Here, for your ease, we are going to break down 5 of the top bitcoin faucets out there.

Because of the way that the market is continually transforming, we won’t call this rundown far-reaching or convincing, however, you likely won’t turn out badly with these faucets.

Warning: Based on skill, ad revenue, and several other, factors, your earnings may differ from the earning mentioned in this article.

So, let’s get started with knowing what are the  top 5 bitcoin faucets that can use to earn money.

  1. Milli

We may sound a bit biased, but Milli is the best Bitcoin faucet around. Its features include:

  • Offers the highest payouts
  • Special bonuses based on seniority
  • Referral commissions for bringing in new users

Moreover, Milli has a dynamic support comment section where clients can voice their worries and get immediate support inside 24 hours.

  1. Bitcoin Aliens:

Several bitcoin faucets offer hourly earnings, but “Bitcoin Aliens” tops them all.

The faucet is one of the highest paying out there, averaging rewards in the excess of 4,300 Satoshi per hour.

  1. Bonus Bitcoin:

Bonus Bitcoin is actually a collection of several other faucets; 20 to be precise.

Bonus Bitcoin differs from other faucets, in the sense that other faucets force their users to wait for around 10-20 minutes before moving on to another task.

With Bonus Bitcoin, you can just get to another task without having to wait around. Utilizing this faucet, clients can gain up to 40,000+ Satoshi every hour, making it one of the most astounding paying faucets out there.

  1. Bitcoin Zebra:

A veteran Bitcoin faucet. The highlights of Bitcoin Zebra include:

  • The users need to “feed the Zebra” at regular intervals
  • The users can receive their payouts in Faucetbox or Xapo wallets.
  • Special incentives for those bringing in new clients
  1. Bitcoinker:

The faucet used to work on the same concept as Bitcoin Zebra, but lately, a few changes were made and now it’s sort of become a twin faucet to “Milli”.

The prominent features of Bitcoinker are:

  • High payouts
  • Seniority bonuses for long-term users
  • Handsome referral commissions

Conclusion:

These are the top 5 Bitcoin faucets. All are entirely amicable towards their clients, offer high payouts and very easy to familiarize with.

Being a beginner, if you are hoping to heap up a reserve of bitcoins, getting associated with one of these faucets is highly recommended.

 

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The Dos and Don’ts of Safe Peer-to-Peer Bitcoin Trading

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For some reasons, people are hesitant to buy bitcoins in face-to-face transactions. They are afraid of the risk that comes with it and would rather trust a Bitcoin exchange with their bitcoins. However, every method comes with its own set of dos and don’ts.

This post will outline the various dos and don’ts you must keep in mind while trading bitcoin face-to-face.

 

Carry your device with you

Do not forget to carry your personal device, be it your mobile phone, laptop or tablet when you’re going to the meeting. Make sure that you already have a bitcoin wallet if you’re the buyer. It is best to take your own device so that you can verify the trade on it rather than filling out your personal information on the other party’s device.

 

Do not cancel trade if price of Bitcoin drops

Feedback is everything. Do not try to walk out on a trade when you can negotiate. If the prices have dropped then it is best to try to negotiate on a price that benefits both the parties. When you cancel a trade, it is going to lessen your chances of earning a good feedback early.

 

Decide on a price ahead of time

To avoid any debate on the price later on during the meeting, it is best to agree on a price beforehand. Do not try to get a higher rate out of the seller after the price has been decided, this attitude can cause things to go sour very quickly. If possible, get an escrow service as it guarantees the payment to the seller and the buyer is sure that he will receive the bitcoins before releasing the payment.

 

Don’t expect to get rich overnight

You need to keep track of the rapid price changes taking place while trading. You need to prove that you are a good and reliable buyer/seller in order to gain a better reputation on any exchange platform. Be sure to remain patient when dealing with bitcoins, as nothing comes easily. Do not be fixed onto selling your bitcoins the moment it hits a high note since it is very volatile.

 

If you follow these pointers, then you are sure to develop a good reputation on any exchange platforms and have nothing to fear.

 

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Gates on Bitcoin Shorting Spree

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In a recent interview, the estimated $90 Billion worth, second richest man on earth tried to knock Bitcoin again. Bill Gates was later met with great criticism by the early Bitcoin investor, Tyler Winklevoss. In a recent tweet after listening to the Gates interview, Winklevoss dared him to short Bitcoin as he claims.

Bill gates bitcoin

Its almost a decade Bitcoins have been around, but the Bitcoin came widely under the mainstream not before until late 2017. After a steep rise of Bitcoins’ value from $5,800 to nearly $20,000 within four weeks, it showed people around that this is the ‘new wave of future’.

Despite the huge interest in this digital, electronic alternative to government-issued money, their acceptance in the system has been slower. They are still not used as consistently and reliably for buying services and goods as frequently. People are more prone to hold this cryptocurrency as a digital asset than as means of a transaction. High volatility, minimal adoption, and high transaction fees have slowed down the Bitcoin’s embracement and adoption as a regular form of money.

‘Greater Fool Theory’ Investment

Bill Gates has always come up with strong criticism and disapproval regarding this Bitcoin. On several occasions, he opted for the opportunity and bashed the cryptocurrency. Bill Gates accuses Bitcoins to be worthless and ‘greater fool theory’ type of investment. He further there is nothing being produced or generated here so, you shouldn’t expect anything to rise high in the regard.

Gates has come up with very strict and naïve views about the currency lately. Regarding the misuse of the digital currency in illegal and unlawful dealings in drugs and other things, he directly alleges the Bitcoin to be responsible for the deaths and menace.

Joining the hatred league, other big names of the wall street has also some serious and grave remarks for Bitcoin. Names like Warren Buffet called Bitcoin ‘rat-poison squared’, while his partner Charlie Munger associates trading Bitcoins as trading ‘feces’.

Despite saying the cryptocurrencies, ‘crazier, speculative things’, Gates acknowledges the importance and worth of the Blockchains. After a continuously lambasting Bitcoin, it is very much clear that Bill Gates is not on the Bitcoin bandwagon, nor is he becoming one any time sooner.

Gates also states that he at some time back received Bitcoins on his birthday, and later sold them understanding and realizing they were of no such use and credibility.

Crypto ‘Twin Guard’

The early Bitcoin holder twin and the founder of cryptocurrency exchange– Gemini, sour heartedly took the whole incident. After the harsh statement, Tyler Winklevoss bashed Bill Gates in a direct tweet. Winklevoss pointed out the claim that it is easy to short Bitcoin and he should put his money where his mouth is.

It is not the first time Tyler has bashed and dared someone to short Bitcoins. The CEO of JPMorgan Chase, Jamie Dimon was dared before too, to short Bitcoins before after he claimed Bitcoin to be a fraud. Jamie Dimon later expressed his regret for making that statement.

Being very critical about the Bitcoins and the whole scenario, Winklevoss twins hold strong statements against these wall street titans spilling negating about Bitcoin and other cryptocurrencies. The twins see this whole scenario as the failure of imagination by these wall street personals. They believe they are too old to understand the whole Bitcoin phenomena and their emergence. According to the twins, these Bitcoin opponents are very small ‘privileged minority’ who have an easy access to their resources, money and bank accounts.

Last year, respective Bitcoin futures market was launched by Chicago based CBOE and CME. This enabled a short selling for Bitcoin. This process may be a little less straightforward than a more traditional asset, but technically there are others ways too. Maybe Gates understood it.

According to another assumption, maybe Bill Gates wasn’t really clear on the way to short Bitcoins and he finds it too naïve and awkward to follow. Or maybe he just doesn’t really follow the whole protocol behind this cryptocurrency and Bitcoin gig.

Still, that doesn’t seem to stop and refrain the noted Bitcoin bull twins for striking and daring back these wall street personalities, which are all bashing cryptocurrencies and all these gaudy vocal detractors of Bitcoin happen to consist of the richest names in the world.

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