Bitmain Releasing Ethereum ASIC Miners – UPDATED

Antminer E3

Originally published: April 3rd, 2018

Update: April 6th, 2018

It’s official: Bitmain has released its Ethereum ASIC miner – the Antminer E3.

The Antminer E3 will use the hashing algorithm Ethash, making it the first Ethereum ASIC miner to hit the market. It will have a power consumption of 800W and a hashrate of 180 MH/s. However, the Bitmain website states that “these are the conservative estimates. [They] expect the miners to deliver higher performance and efficiency when they are ready to ship.”

Bitmain has stated that they “have set a limit of one miner per user” so that as many people as possible get the chance to purchase the Ethereum ASIC miner. Additionally, the company won’t be shipping orders of this particular batch to addresses in Hong Kong, Macau, or Taiwan.

Shipping is set to occur between July 16th and July 31st, although Bitmain will ship earlier if the miners are ready sooner. To purchase, you must pay in either Bitcoin Cash (BCH) or in USD, via wire transfer. Refunds will not be accepted for this batch.

>> Find out what coins experienced the largest losses this year so far

Not everyone is thrilled about the news, however. Some of the Ethereum team seem to prefer that Ethereum remain free of ASIC mining. Piper Merriam, a developer of Ethereum, started an Ethereum Improvement Proposal (EIP) on Github last Friday. The EIP is aimed at suggestions for how to modify block mining to be ASIC resistant.

Another Ethereum developer, Vlad Zamfir, ran a poll on Twitter asking if people would “support a hard fork that obsceletes ETH ASICs.” The results had 57% of responders replying yes:

Ethereum’s co-founder Vitalik Buterin, however, believes that “no action” is required. Buterin says that the issue probably wouldn’t be worth the coordination required for everyone to upgrade their systems and that it may detract from more important issues.

So, where do you stand? Are you excited about the release of the Ethereum ASIC miners? Or would you prefer that Ethereum remain free of ASIC mining? Let us know in the comments below.

Featured image: Make-someones-day

Vitalik Buterin, Ethereum [ETH] Founder, Calls Craig Wright a Fraud

Vitalik Buterin

The infamous Satoshi Nakamoto is still a mystery. Nobody truly knows the identity of the creator of Bitcoin, but many have claimed to be him. It was once speculated that Elon Musk, Tesla’s (NASDAQ:TSLA) CEO, was Mr. Nakamoto but later, Musk put those rumors to rest. Sad, – how cool would that be?

Back in 2016, Craig Wright made claims that he was Satoshi Nakamoto and that did not go over smoothly among the crypto community. During today’s Deconomy conference, Vitalik decided he would live tweet the comments on the “Bitcoin, Controversy over principle” segment. Over the course of the whole presentation, he managed to tweet 62 individual tweets touching on common misconceptions about the history of cryptocurrencies as well as the philosophy behind it.

>> Ethereum Price Watch

Here are a few.

After all of his tweets, he stands up and addresses his main long-standing issue. You can view his statement in the video below.

Buterin dropped the mic to end the presentation by saying:

“Given that [Wright] makes so many non-sequiturs at this stage. Why is this fraud allowed to speak at this conference?”

After the altercation between the two at the conference, Wright downplayed the statements Buterin made about him via his own personal Twitter.

It seems that this long-standing feud is a far from over. Buterin is adamant that Wright comes clean that he didn’t create Bitcoin but no such thing has happened just yet. Recently, Wright was hit with a major lawsuit as his former business partner, Dave Kleinman, claims he stole $5 billion worth of Bitcoin from him.

Who won the battle this time? Do you think Ethereum’s glorious leader made a fool of himself or was it necessary?

Featured Image: Forbes

Ethereum [ETH] Crashes Below $400 – Will it Recover?

Ethereum [ETH]

Ethereum just hit a record low under the $400 mark, for the first time since late November 2017.

Ethereum [ETH]

Source: CoinMarketCap

At press time, the Ether-U.S. dollar (ETH/USD) exchange rate has now dropped to a low of $399.29 and is down -11.07%, in 24 hours. ETH’s price is down -52% for the month and is also down -45%, in 90 days.

Ethereum [ETH]

Source: CoinMarketCap

Ethereuem has been plagued with the issue of scalability for quite some time now, with many new and emerging projects nipping at its heels. Devcon3, held in Cancun Mexico, took place the first three days of November and its main agenda was this very issue. Ethereum saw quite a spike in its price when CryptoKitties emerged on the market in early December, but it clearly showcased the network’s limitations as the game came to a complete halt with over 20,000 pending transactions on the Ethereum blockchain. Still, Vitalik Buterin, Ethereum’s leader, and co-founder, and his team of developers are steadily working on a fix.

Sharding is the process of splitting the blockchain to benefit from the computing power of more than one server. This is just one of the project’s that developers are working on to potentially improve Ethereum scalability. Vlad Zamfir, a researcher at the Ethereum Foundation, told the press:

“I like to spend my time working on blockchain sharding, which I regard as the only true blockchain scaling solution, and which I think will improve the scalability of the blockchain without sacrificing the security of the blockchain and the trust model.”

Plasma was invented by Buterin and Bitcoin’s Lightning Network co-author Joseph Poon and it scales the network by removing unnecessary data from transactions and optimizing the smart contracts. The pair describes plasma saying:

“Plasma is a proposed framework for incentivized and enforced the execution of ‘smart contracts’ which is scalable to a significant amount of state updates per second (potentially billions) enabling the blockchain to be able to represent a significant amount of decentralized financial applications worldwide.”

Still, progress is being made on both solutions but from its price drop, obviously not fast enough. Have Ethereum loyalists lost faith in the long-time crypto giant? Ethereum remains largely in the lead of the 2nd largest cryptocurrency by market cap. Hopefully, the Ethereum developers can work together to come up with a solution before any of the other dApps centered blockchains that have scalability solved take over!

Featured Image: Verdict

  • It must recover, I believe in cryptocurrency future

15 Bitcoin Facts you Need to Know

Bitcoin Facts

Check out our top 15 bitcoin facts, and be ready to have your mind blown!

It has been described as the “money of the internet” and recently enjoyed viral popularity due to its sudden and sharp growth in value. However, Bitcoin is very fickle – prone to sudden changes in value – and many people don’t know very much about it.

Where exactly did Bitcoin come from and why is it suddenly so popular? These are easy questions to answer, but its simplicity stops there; the more we learn about Bitcoin, the more confusing and strange it gets.

>> Check out where Bitcoin started

Here are fifteen of the most important and interesting Bitcoin facts which should hopefully give you a basic understanding of this cryptic cryptocurrency!

 

1. We know who founded Bitcoin… but, not exactly

Bitcoin’s founder is Satoshi Nakamoto and (s)he is responsible for designing and engineering the entire project. But, that’s all we know. Satoshi Nakamoto is a pseudonym and, for all we know, it could be a team of people. Whoever they are, their estimated worth is $16.5 billion in Bitcoin and they were nominated for a Nobel Prize in Economic Sciences in 2015.

 

2. Bitcoin is limited in number

The individual – or team – behind Bitcoin set a pre-defined amount of Bitcoin before the project was complete, which is 21 million. This number is slowly being approached and it is getting harder to ‘mine’ new Bitcoin each day.

 

3. New Bitcoin is created through ‘mining’

‘Mining’ is the very complicated process by which new Bitcoin is produced. Mining Bitcoin is analogous to mining gold; there is a finite amount of gold and the more it is mined, the more difficult and resource-intensive it is to find. This is the same with Bitcoin.

 

4. The FBI has a huge amount of Bitcoin kept in wallets

In fact, the FBI has one of the largest Bitcoin wallets, period. When Silk Road – the dark web marketplace for drugs – was shut down, they seized its owner’s assets which included a Bitcoin wallet which is reported to be worth over $100 million.

 

5. One of Bitcoin’s first transactions was for pizza

In May 2010, two pizzas costing $25 were purchased for 10,000 Bitcoin. In January 2018, the value of 10,000 Bitcoin was around the $150 million mark.

 

6. It is more powerful than 500 of the most powerful supercomputers

As the experts put it, Bitcoin’s network has a computing power of 2,046,364 Pflop/s which, when compared to the computing power of the world’s 500 most powerful supercomputers – 274 Pflop/s – is eyewatering.

 

7. It is completely anonymous

It is not possible to find out the details of people you have sent Bitcoin too, or from whom you have received Bitcoin. When sending Bitcoin, a 34-character alphanumeric ‘address’ is used which cannot be traced. As a result, the industry that was the swiftest to adopt cryptocurrency payments was the online gambling scene. Bitcoin poker and general gambling without any territorial restrictions appeared practically overnight.

 

8. Also, Bitcoin transfers are irreversible

Unlike PayPal where you can reverse transactions and file chargeback disputes, Bitcoin transactions are final. There are no second chances with Bitcoin, so you have to be sure you are ready to commit to your purchase.

 

9. It has made some people very rich

A Norwegian by the name of Kristoffer Koch invested $28USD into Bitcoin and promptly forgot about it. By the time he remembered he owned it, its value was worth more than $825,000. There are many more of these success stories, too.

>> Rapper 50 Cent sold an album for Bitcoin 

 

10. But, make sure you don’t lose your wallet

If you lose your Bitcoin wallet, it’s gone, end of story; it’s not like losing a debit card. Unfortunately, many people who bought Bitcoin in its early days have done just this and it is estimated that 64% of Bitcoin has never and will never be used because of this.

 

11. Bitcoin is not controlled by any single entity

Unlike national currencies which are controlled by national banking institutions, Bitcoin is not controlled by any one single person or entity. Instead, it is controlled by everyone who uses Bitcoin… confusing, eh!

 

12. It is completely transparent

Perhaps the most unique aspect of Bitcoin is that you can see all its transactions; it is entirely transparent. Everything can be viewed on the blockchain and it is this openness and transparency which gives it such a high level of trust among the wider Bitcoin community.

 

13. Bitcoin can be sent with virtually no fees

If you were to transfer money from a bank in the US to a bank in Malaysia, you would probably have to pay bank transfer and currency conversion fees. With Bitcoin, there are no transaction fees and it is sent almost immediately – no waiting periods at all.

 

14. Bitcoin has a dark and suspicious past

Before it became popular in the mainstream, Bitcoin was largely used on the ‘dark web’ to fund illegal transactions. A popular example of this was something known as “The Assassination Market” where people could place bets in Bitcoin about a particular individual’s date of death. If somebody was to ‘guess’ right, they could collect a payoff!

 

15. Its legal status varies, too

There are a lot of questions when it comes to the legality of Bitcoin, and this varies from country to country. Some countries openly support Bitcoin, and there are others which don’t; there is a comprehensive list online which is kept updated to reflect each country’s individual position on the cryptocurrency.

Some countries such as the USA are even trying to regulate Bitcoin, but this has been met with widespread backlash from Bitcoin advocates.

 

We hope that cleared some things up for you…

Bitcoin may sound a little confusing at first, but it is a real currency which you can use to buy real things! Although it is not tangible in the sense of a dollar bill, there are still a wide variety of merchants (the number is always growing) who are willing to accept Bitcoin as payment for items.

It is not restricted to the internet, either. There are many physical stores who can accept Bitcoin payment in person using specially designed apps and software.

Want to learn more about Bitcoin and some of its cool facts? Check out our infographic!

Featured Image: DepositPhotos/ ulchik74

Finom AG’s cryptocurrency ecosystem shows high demand in first report

In an effort to document their progress and highlight key statistics, Finom AG, the blockchain holding company has released a new and their first quarterly report. Finom AG includes cryptocurrency companies TabTrader, Nanopool, FinCloud, Cryptonit, and Beetle (more about these services are down below).

Last year, the company completed a successful crowdsale of FIN tokens, raising $41 million from over 7,000 contributors. Finom issued the unique FIN security token and then did a second ICO for utility NOM tokens. The FIN security token made history as one of the first pursuant to Regulation D of the U.S. SEC.

The new quarterly report from Finom delivers some nice transparency for token holders. Eventually, the company may start to record detailed financial results. Although for now, there are no requirements to do so.

Finom AG's cryptocurrency ecosystem shows high demand in first report
Kirill Suslov, CEO of Finom AG

Kirill Suslov, CEO of Finom AG said, “With each new report we plan to disclose more information to you because we want you to know as much as possible about Finom. Deeper knowledge leads to insight, which in turn leads to trust.”

A fundamental statistic from the report shows users across Finom’s services doubling in six months. Users increased from 220,000 in Q3 2017 to 407,000 in Q4 2017, to now more than 530,000 at the end of Q1 2018.

Besides their five active services, Finom also has three products currently under development. Below is a performance overview of the company’s operating services.

TabTrader

Finom AG’s main service is TabTrader, now with over 250,00 users signed up. TabTrader is a mobile terminal that allows users to trade cryptocurrency and manage accounts on the world’s 24 leading exchanges.

Most users access Bittrex through TabTrader, with 44% using TabTraber to trade on the US crypto exchange. Rounding out the top exchanges after Bittrex include, Bitfinex (9%), Poloniex (9%), and Binance (8%). There is also active TabTrader users accessing HitBTC, EXMO, Kraken, and Mercado.

Finom has as one of its main goals to increase the number of supported exchanges.

Finom AG's cryptocurrency ecosystem shows high demand in first report
User growth on Nanopool.
Nanopool

Nanopool has over 140,000 registered users and is one of the largest Ethereum mining pools in the world. They report their share of global Ethereum production to be about 15%. Since November 2017 Nanopool has seen a steady increase in users and hashrate on all its pools.

The percent network share of mining activity for crypto-assets mined by Nanopool shows 23% Ethereum Classic, 15%  Ethereum, 84% PascalCoin 5% Monero. <1% SiaCoin, 12% Zcash, and 23% Electroneum.

FinCloud

FinCloud, a cryptocurrency cloud mining service opened for prelaunch orders in March last month and is Finom’s most recent service launch. FinCloud will allow users to rent mining power for Bitcoin, Litecoin, Ethereum, Ethereum Classic, ZCash and Electroneum

Cryptonit

Cryptonit.net is a cryptocurrency exchange owned and managed by the British company Cryptonit Solutions, Ltd. The exchange has been running since 2012 and “has a spotless reputation.” Finom showed the exchange now has over 7,200 active users as of Q1 2018.

Beetle

Beetle.io is a mobile app for purchasing Bitcoin and Ethereum with a credit or debit card, devised as a simple tool for entry into the crypto world.

There is both an Android (7,500 installations) and iOS (10,500 installations) version. Through Beetle, users can invest in any ICO and move funds onto an exchange or third-party wallet.

Employee Growth

With the importance of team members to Finom’s growth, they have also highlighted some impressive statistics. In September 2017, Finom had 10 departments and 42 employees. By March 2018, the company headcount grew to 103 over 17 different departments.  The charts below show the employee distribution among Finom’s departments, along with the growth occurring over six months from 10 to 17 departments.

Finom AG's cryptocurrency ecosystem shows high demand in first report

Blockchain genomics platform Shivom partners with Spherity for data privacy

Shivom, the blockchain genomics platform that is powering personalized healthcare, has partnered with Spherity, the decentralized platform provider to ensure the privacy of Shivom’s massive genome datasets as the popularity of DNA sequencing grows. Spherity, who supported Shivom’s technical whitepaper in advance of the blockchain genomics company’s planned token sale, will provide the identity layers that identify machines, humans, and datasets.

Spherity will also provide permission management services that ensure access to the data is restricted to people with the right permissions. In addition, the teams will work on joint research into privacy preservation for DNA data storage and analysis, which will allow Shivom to adopt the latest technology as soon as possible.

“Our partnership with Spherity is particularly important because of the auditable log component that it will enable. In the world of DNA sequencing, researchers need to be able to view a log of who has accessed the information before and when that access occurred. This is an important aspect of our collaboration with Spherity that will enable advances in the world of precision medicine for many years to come.”

Natalie Pankova, Chief Scientific Officer at Shivom

The storage requirements for genomic data are set to exceed all other fields in the coming years, as more and more people access DNA sequencing. With file sizes ranging from around 100-400GB per genome and a forecast that up to 2 billion people will have had their genomes sequenced by 2025, the way in which this data is stored and accessed will become increasingly important. With Spherity’s help, the Shivom platform will allow for the creation of a public identity, a human genome data vault, and a structure for using one-time transaction identities during the registration process.

This will provide a potential solution to the fear that many individuals currently have towards the storage of their genomic sequencing data. Access to the data in the Shivom ecosystem will be managed by each individual DNA data holder, through a public/private key infrastructure that is based on similar blockchain systems previously built by Spherity for the energy sector.

“We are partnering with Shivom to help them develop a high level of privacy and individual control for their blockchain genomics platform. Modern cryptography allows us to add privacy while preserving computation through processes like multiparty computation and homomorphic encryption. Also, zero-knowledge proof systems can be used for DNA matching and privacy-preserving solutions or customized for human genome analytics.”

Dr. Carsten Stöcker, Founder of Spherity

Spherity will provide added value to the architecture of the Shivom ecosystem and will comprise part of the components that are required to build an efficient and useable technology to advance the Shivom vision. With Spherity, the platform will allow Shivom to maximize the impact of decentralized DNA data storage, healthcare identity management, and data sharing.

Efficient Execution: Surveying the DEX Landscape

All decentralized exchanges share the same fundamental function: to enable wallet-to-wallet trading in a trustless way. Also known as an atomic swap, this model pushes two-party transactions through a smart contract to the blockchain to settle. Decentralized trading protocols, like the 0x Project, AirSwap protocol and Kyber Network, all use atomic swaps to facilitate trading — but it’s how traders find each other and how exchanges manage orders that vary considerably. This is a crucial point left up to DEXs, and we would argue that current design decisions limit the ecosystem’s ability to serve potential customers of all backgrounds, from retail and algorithmic traders to institutions and dApps.

We want to build a decentralized trading platform for a decentralized world. As a part of this mission, we need a best-in-class execution experience for all types of users. But what exactly does ‘best’ mean in this scope? Some questions to consider include:

  • Price: How can we guarantee the best possible price, especially for market orders?
  • Speed: How can we ensure speedy orders, cancels, and fills? How can we balance accommodations for both API-based and dashboard-based traders?
  • Scalability: As orders and traders increase exponentially, how do we safeguard against performance and settlement issues?
  • Reliability: How do we design a minimally complicated, elegant system to ensure a bug-free experience?
  • Safety: How do we protect traders against malicious actors?

The answers to these questions drive how efficient execution is on any exchange. And we’ve seen a number of different solutions in the DEX world, which we discuss in detail below. For the purposes of this article, we’ll be focusing on decentralized exchanges that use the Ethereum blockchain as the settlement layer and allow trading of ERC20 tokens.

Getting the best deal

Peer-to-peer exchanges like AirSwap are interesting in the sense that they resemble a traditional marketplace or bazaar. Orders are collected off-chain, counterparties are found, and trades are negotiated in real-time in private. Once a price is locked in, a smart contract handles the atomic swap and the traders go on their merry way. But while P2P is potentially simpler and more familiar than other DEX infrastructures, it’s important to note the costs of this trading model.

Just like any other bartering system, both traders must be present on the platform at the same time to negotiate. This poses a few problems for many different types of users, ranging from casual traders with not much time to seasoned professionals with an arsenal of automated trading bots. Furthermore, price negotiation doesn’t always mean you get the best deal. Without a ledger of prices to cross-reference, buying and selling gets a little bit stickier and more time-consuming. Two trades of the same token can occur at wildly different prices even at the same time. This is a model that simply doesn’t exist in traditional financial markets today. Trading floors instead operate on auction mechanisms which are efficient at identifying prices for liquid and illiquid products. How a peer-to-peer model might operate at scale remains uncertain.

More users, more problems

Unlike a pure peer-to-peer negotiated system, DEXs that use the 0x protocol manage an order book according to either an ‘open’ model or a ‘matching’ strategy. On an open order book platform like Radar Relay, users place orders as usual, but the smart contracts that facilitate trading are ‘open’ to be signed by anyone. In other words, anyone can reach for an order and take it to the chain to be settled. In an ideal world, this model would work efficiently and elegantly, and there would be no need for an organizing force. But these systems don’t always work out in the wild.

In the real world, especially one where the underlying blockchain settlement layers are still evolving, an open order book system can be prone to errors and mishaps. Accidental collisions — when many traders reach for the same order simultaneously, and orders are filled or canceled at the same time — are named innocuously but quickly result in double-gas spending and unhappy users. For deliberate market manipulation, like front-running, it can be as easy as dialing your gas prices up to prioritize your transaction and censor other trades. As these issues relate to time and activity, scalability problems only stack up as more and more users join the platform. Without a solid infrastructure, it’s difficult to envision millions of traders on open order book DEXs making consistent, successful trades.

Speed wins

At the other end of the spectrum, 0x relayers like Paradex (and us) employ a matching strategy that marries a traditional order book look and feel to the DEX experience. DEXs with an off-chain order book, in theory, can replicate the speed, performance, and transparency of order books on traditional asset exchanges. We think mirroring is critical to adoption — the more unusual mechanisms added to the trading experience, the less likely DEXs are to be widely adopted. And unlike open order books, front-running is eliminated as the relayer only pushes orders to the blockchain once the two parties have signed off on the smart contract.

But even with matching systems, there are key design decisions and engineering challenges that need to be solved to ensure that blockchain-based settlement occurs with minimal cost and maximum reliability. For example, most relayers do not allow what we would call ‘true’ market orders: the ability to immediately buy all the tokens you need at the best possible price and with minimal gas costs. When you’re running algorithmic or high-frequency strategies, knowing all your costs upfront is critically important — which is why we are not huge fans of price rebates of other ‘adjustments’ post-settlement. If the goal of the DEX world is to replicate the performance of traditional asset exchanges in a trustless way, that should mean embodying the looks, feel, and function of the fastest professional trading systems in the world.

Simpler solutions to complex problems

A bottleneck to the DEX experience is the speed of settlement of the underlying chain. In times of a CryptoKitties surge, it might be hard for DEX systems to settle trades. To solve that problem, IDEX (now one of the more popular DEXs) introduces an ‘arbiter’ to sit between their execution engine and settlement layer. The arbiter lists approved but not yet settled trades, almost like a parallel chain yet to be mined by the Ethereum network. This can be helpful to keep a tally of your balances or alleviate network congestion, but it also poses a greater likelihood of unexpected issues. Rather than build parallel systems from scratch, we think building an execution engine that’s maximally efficient and flexible — both in the costs people pay to trade in times of congestion and the underlying settlement chain — is a better way to evolve with the ecosystem. We want to make sure we build smarter, not harder.

Playing by the rules

There’s another design decision made by IDEX and other DEXs currently on the marketplace: anonymous trading. We think there is and will always be demand for people to trade anonymously. The question is, what’s right for the majority of people in the majority of cases? Do people want to trade in a Wild West manner, or do they want assurance that the platform, people, and protocols available for sale are operating in a fair and safe marketplace? Do they want to work with an exchange that prevents front-running, pump-and-dumps, and other malicious activity? Should exchanges be committed to protecting investors; maintaining fair, orderly, and efficient markets; and facilitating capital formation?

We think the answer to all these questions is yes. We’re strong believers that crypto exchanges need to follow best practices and be thought leaders in terms of self-policing and regulation. Going for quantity over quality, whether it be tokens or users, leaves the system open to exploitation and regulatory liability. Without user accounts, malicious actors can’t be punished for unethical behavior. And by listing any token without proper due diligence, retail and institutional traders can’t be sure that what they are buying meets the standards that any investor in any marketplace would expect. We think The Ocean X can provide a fair, safe, and efficient market for traders of all types, and make user accounts, onboarding, and other parts of the experience as seamless and painless as possible, without sacrificing speed or performance of our marketplace.

Crypterium integrates first bitcoin exchange with API of Kraken

Crypterium, who recently completed a successful $50 million token sale with the goal of providing services that will bridge the gap between cryptocurrency and their use in everyday life informed that they have kick-started their platform by choosing the API of bitcoin exchange Kraken as the first for Crypterium SX.

The aim for Crypterium SX is to ensure the most efficient bid-offer matching across natural peer-to-peer flow, as well as third-party crypto-exchanges. Users will always see in real time the amount of cryptocurrency they are going to spend, and also the value of their crypto funds in their preferred fiat currency.

The team says that integration with at least 10 more exchanges is planned for the near future.

All historical transactions on Crypterium will be stored in dedicated data-warehouses that continuously analyze data to enhance risk management, identify predictive behaviors, and enable Crypterium to optimize the cryptocurrency exchange process and better educate the customer on possible payment strategies. For example, the app may highlight different payment mixes depending on the current cryptocurrency valuations.

The Crypterium team said:

“Our algorithms will be analyzing order books of the most popular crypto exchanges in real time predicting how our order could influence the market, and which exchange is optimal in each case for making the transaction.”

“So we chose Kraken as the first exchange to be integrated with Crypterium SX. The technical part is complete: our servers can already derive the going rates from Kraken, as well as send and receive transaction requests. This is a crucial step towards the creation of a fully-fledged crypto-fiat payment system, and we are absolutely delighted to tell you about it.”

Founded in 2011, San Francisco-based Kraken is one of the largest Bitcoin exchanges in euro.

“We’ve obtained 3 out of 4 licenses that we need for the full launch, and we’re very happy with the progress. It shows the inherent quality of our product. And each step forward grants us a chance to add new features to the Crypterium cryptobank,” — says Gleb Markov, co-founder of Crypterium.

The CRPT token

All the Crypterium solutions will only be accessible is holding the CRPT  token, that will be used as ‘gas’ for the transactions. Every time someone makes a payment, a fee equal to 0.5% of the value of the transaction in CRPT is taken from the CRPT token holder’s account and burnt as fuel. This means the number of CRPT tokens will be reducing over time.

 

Mexican bitcoin exchange Bitso gets prices integrated on Reuters

Bitso, a Mexican-based bitcoin exchange announced that the various cryptocurrency markets the company supports (BTC, ETH, XRP, LTC, and BCH) are now available for consultation on information platform Thomson Reuters Eikon.

The Bitso team stated, “the increasing interest of our users and financial institutions for the Bitso market and the cryptocurrencies, has motivated us to create an alliance with Thomson Reuters Eikon, with Bitso being the financial information provider of cryptocurrencies for the Mexican markets.”

Through the integration, the profile of Bitso can be consulted and a series of RICs (Reuters Identification Code) with information on available crossings has been assigned.

The following Mexican Peso markets can now be viewed, with the price coming from Bitso.

  • BTCMXN = BTSO (Bitcoin-Mexican Peso)
  • ETHMXN = BTSO (Ethereum-Mexican Peso)
  • XRPMXN = BTSO (Ripple-Mexican Peso)
  • LTCMXN = BTSO (Litecoin-Mexican Peso)

Plus the following non-Mexican Peso based markets:

  • XRPBTC = BTSO (Ripple-Bitcoin)
  • LTCBTC = BTSO (Litecoin-Bitcoin)
  • BCHBTC = BTSO (Bitcoin Cash-Bitcoin)

The app that concentrates all the information available from Bitso within Eikon can be consulted from the Search Book using the words BTSO or BITSO.

Bitcoin and crypto trading platform NakamotoX beta launches

NakamotoX, a bitcon and digital asset trading platform has officially beta launched.  The beta release comes after months of alpha testing by the community. Throughout the course of the beta release, all users have a trading fee of 0%.

The team says safety is its top priority for customers, they have instituted top-level DDOS protection, 2FA, multisig cold storage and regularly undergo penetration tests. The exchange platform was built in a modular fashion, so the situation where the whole platform collapses and is inaccessible, cannot happen.

The following assets are available with the beta release (with more to be added later): XMR/BTC,ETH/EUR, LTC/EUR, XMR/EUR, ETH/BTC, LTC/BTC, BTC/EUR, XVG/BTC.

While the team who developed the platform mostly come from the Czech Republic, NakamotoX is registered in the United Kingdom as Nakamotox Ltd. The UK company acts as the corporate vehicle that houses investor’s interests, the exchange platform itself and customer activities.

Bitcoin and crypto trading platform NakamotoX beta launches
Security features of NakamotoX