Articles by "Cryptomarket"
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how-many-women-in-blockchain-and-crypto

The percentage of women invested and involved in cryptocurrency is far lower than that of men. This could be confirmed by numerous surveys and research studies. Moreover, incidents like the North American Bitcoin Conference, where only 3 of the 88 speakers were women and the conference after party was held at a strip club, show a disparity trend present in the industry.
Recently, there has been a push to get more women involved in blockchain technology and cryptocurrency. Initiatives like Mogul’s “Women in Crypto” events and organizations like the Women in Blockchain Foundation have been making an effort to get more women involved in the blockchain and crypto space.
So what exactly do the participation statistics reveal, and what could women do to get more involved in the emerging blockchain and cryptocurrency industries?

Disparity in involvement

According to Coin.dance, as of May 2018, 94.73 percent of Bitcoin community engagement and active participation comes from men and 5.27 percent from women.
Image source: coin.dance
In Oct. 2017, a survey conducted by Reddit user loveYouEth, found that 96 percent of Ether users are men, and MyEtherWallet reported that 84 percent of their wallet holders were male.
Image source: Twitter @MyEtherWallet
The discrepancy between a number of men and women involved in cryptocurrency could possibly be explained by a study titled “Risk and Reward Are Processed Differently in Decisions Made Under Stress”. The study found that “stress amplifies gender differences in strategies during risky decisions, with males taking more risk and females less risk under stress”. This could be a reason why there are fewer women than men involved in Blockchain and cryptocurrency. Careers in banking and finance sometimes involve making risky decisions in situations that can induce stress.
In an article regarding risk-taking, leadership consultant Doug Sundheim noted that women put more emphasis on the negative consequences of risk than men do:
“When facing a risky decision, leaders must weigh a lot of factors. Two of the biggest are, first, the likelihood that the risk in question will help hit strategic objectives and, second, the effect the risk will have on people involved...In my consulting practice I’ve noticed a tendency for men to put a stronger emphasis on the former and women on the latter.”
It is possible that the volatile nature of cryptocurrencies and differing levels of risk adversity biologically assigned to men and women is why the disparity exists in blockchain and cryptocurrency investment and involvement.
Phu Styles, founder of the Women in Blockchain Foundation told Cointelegraph about another possible reason there are more men than women involved in blockchain and cryptocurrency:
“As with most things tech related, men are the target demographic for crypto, thus due to a lack of exposure, there are fewer women invested/involved in cryptocurrency.”
However, this trend could change as the blockchain and cryptocurrency industries are looking to create work opportunities in a number of fields.
The Commodities Future Trading Commission's Primer on Virtual Currencies reports that blockchain technologies have used in financial institutions, government organizations, and cross-industry applications such as digital identities and smart contracts. Applying blockchain technology to these fields could create a number of work opportunities.
With more blockchain related companies going into business the demand for developers, project managers, customer support, lawyers, web designers and many other careers could spawn from companies needing to fill blockchain related roles in their organization.

How to get women involved: from wallet to research

At a recent event “Women in Crypto”, Kelsey Cole, co-founder of blockchain digital advertising company Adbank, suggested that to become involved in the cryptocurrency industry, women should take the following three simple steps:
  1. Set up a wallet and write down its private key, as a position in crypto usually requires acquaintance with some form of cryptocurrency wallet.
  2. Participate in the community, activity that increases knowledge and reputation, which is invaluable to career progression.
  3. Do research on the technology and the market, because due diligence is crucial to success, from both a career and investment perspective.  
Phu Styles also shared with Cointelegraph her vision of possible measures to involve more women to the industry:
“Every crypto investment fund should also be actively seeking to invest in female led blockchain companies, governments grants should be given to incentivize women to start blockchain projects, and on a personal level, both men and women who are already involved in blockchain should share their knowledge and mentor women who are new to the space.”

Increase awareness

Allie Mullen, head of global marketing at the women-focused technology platform Mogul told Cointelegraph that for more women to get involved and invested in blockchain and cryptocurrencies it is important to increase awareness and education.
“I think it's about creating more awareness and educating the industry. Once you understand the general concepts and realize that, even though it’s complex, it's less complicated than it appears. I wrongly assumed that it was a complicated industry meant for software engineers and those in finance. But after learning more, I realized there is actually a lot of opportunity and potential for everyone to get involved.”
The comments from Styles and Mullen suggest that if women are interested in getting invested and involved in the blockchain and cryptocurrency industries, building a knowledge base in both industries is beneficial. Becoming more acquainted and expert could make women well rounded when it comes to blockchain and cryptocurrency and could put them in a position that leads to job opportunities.
For the blockchain and cryptocurrency industry to really advance and be the best it could possibly be, the women and their ideas could be of great value. The more perspectives and angles can be provided by all sorts of people, races, backgrounds, and ethnicities, the better a development in the space would turn out. That is why we need to have more women sitting at the table and contributing to – and also starting – the blockchain and crypto conversations.
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Image result for indian government cryptocurrency




Government officials with the Reserve Bank of India announced on Thursday that, effective immediately, banks would be prohibited from "dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies."
Essentially, that means people in India are now unable to move money from bank accounts to exchanges in order to buy cryptocurrency. What's more, if you've sold your fat gains for cash, you are no longer able to move that money back to your bank account.
So reports The Economic Times, which quotes an RBI press release as noting that, going forward, "any user, holder, investor, trader, etc. dealing with virtual currencies will be doing so at their own risk."
This announcement didn't come out of the blue. Earlier this year Indian finance minister Arun Jaitley straight up trashed cryptocurrencies.
"The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system," he is reported as saying in a budget speech. 
So did India just ban Bitcoin? Not exactly. It did, however, just make buying, selling, or using cryptocurrency in the country a heck of a lot harder. 
According to Cointelegraph, RBI's deputy governor, Bibhu Prasad Kanungo, explained the motive behind the action as a proactive measure to ensure financial stability.
"Internationally, while the regulatory response to these tokens are not uniform, it is universally felt that they can seriously undermine the AML (anti-money laundering) and FATF (Financial Action Task Force) framework, adversely impact market integrity and capital control," he reportedly noted in a press conference. "And if they grow beyond a critical size, they can endanger financial stability as well."
This development follows on the September news that China ordered the closure of all locally based cryptocurrency exchanges, and then in February attempted to straight up block accessto exchange websites. 
While RBI's move is definitely not good for cryptocurrency in general, it is a far cry from the stricter measures taken by India's neighbor. So, you know, all you international hodlers can breathe easy for now. 
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March 25: cryptocurrency markets have seen a slight decline over 24 hours to press time, but are still in the green over the seven-day period.

All top-10 cryptocurrencies listed on Coin360 are in the red over the past 24 hours, with the total market cap sitting at around $330 bln at press time.



Bitcoin (BTC) has lost as much as 5 percent of its value, trading at around $8,520, according to Cointelegraph’s price index.

Ethereum (ETH) is trading at about $519, having lost 3.7 percent over the past 24 hours.

Cardano (ADA) and Stellar (XLM) are also down 2.19% and 3.13%, trading at $0.18 and $0.23 respectively.

After Bitcoin has managed to approach $9,000 and Ethereum went closer to $600 on March 24, the crypto markets are fluctuating again. Yesterday, Cointelegraph reported that Nigeria’s Deposit Insurance Corporation warned the public to stay away from cryptocurrencies, citing the lack of backing by any “physical commodity,” likely contributing to the renewed downward dynamic.

Additionally, it was reported March 23 that Reddit removed the option to pay with Bitcoin for its premium membership program, Reddit Gold, due to the “upcoming Coinbase change.”


However, over the past 7 days, the majority of crypto markets are still in the green, with some altcoins growing by as much as 60 percent.

Bitcoin and Ethereum are up about 11% and 8% respectively over the past week, with most of the top-10 altcoins displaying similar, or larger growth.

EOS is probably the biggest winner this week with a 58% percent increase from March 18 when it was trading around $4. The altcoin is now at $6.58, according to Coin360. This growth is likely to have been caused by the recent announcement made by Block.one and Finlab AG, about the launch of a $100 mln fund to accelerate development of EOS.IO software projects in Europe.

Source
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A drive to collect XVG for development efforts created a mix of enthusiasm and skepticism.



The Verge (XVG) project is holding a short-term fundraiser, raising 10 million coins in the past day. The renewed interest in the coin potentially affected the price, as XVG rose by about 7% in the past day, to $0.036.

But the terms of the extra funding are confusing and some voices are skeptical. The fundraiser aims to collect 75 million coins over the weekend with a deadline on Monday. Afterward, the Verge project has promised to release news regarding a business partnership.






Some believe the drive to collect funds for a reason seemingly unrelated to development is a form of a scam. However, the Verge community remains extremely active. The 75 million XVG coins are a tiny part of the 14 billion XVG in circulation. The amount of 75 million, however, could potentially sway daily trading.

The Verge project mentioned the potential for crowdfunding in the past year. More campaigns of this type are expected. The last call for funding in October was to support the testing of atomic swaps. Now, the team has made mentions that the potential partnership would not go through without the funding of $2 million. And since some exchanges call for listing fees, one possible answer to the question is a potentially unique exchange listing.

The XVG digital asset already trades on one of the most in-demand exchanges, Binance, as well as Bittrex. However, after a lot of enthusiastic newcomers came on board with Verge at very high prices, the market crashed, hitting the reputation of the coin.

The XVG rise from sub-penny prices began when the asset was promoted by John McAfee, in the short-lived daily coin series. Since then, other promoted coins have spiked and tanked as the December altcoin market proved to be overheated.

In theory, XVG remains one of the big gainers in the past 12 months, with spectacular returns even at around 3 cents.



However, trading volumes have thinned out, and any selling has the potential to crash the price. So far, the community keeps the coins, expecting a recovery in altcoins.

source
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BITCOIN MINING IS A HOT TOPIC IN THE CRYPTO WORLD!

According to research conducted by Elite Fixtures, the cost of mining a bitcoin varies significantly around the world, from as little as $531 to a stunning $26,170.
The Elite Fixtures report looked at the costs to mine a single bitcoin BTCUSD, -1.98%in 115 different countries based on average electricity rates according to local government data, utility company reports, and/or information from the Paris, France-based International Energy Agency, the U.S. Energy Information Administration and currency-data company Oanda.

CHECK HOW MUCH IT COSTS TO MINE A SINGLE BITCOIN IN YOUR COUNTRY.
⇁(It doesnot include equipment expenses but only electricity price per single bitcoin mined
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Currently live in three Eastern European markets, Shelf.Network aims to disrupt automotive auctions.

Shelf.Network Seeks to Empower Sellers with Decentralized Auctions (Source- iStock)
Shelf.Network is building its new distributed network for auctioning, which allows you to run the same auction synchronized on multiply interconnected marketplaces. After launching several tests in partnership with the Ukrainian government, on state property trades in 2015/16, last year the company decided to move onto a more commercial niche, and now aims to disrupt automotive trading.

At the moment, the Shelf.Network system is live in three markets in Eastern Europe, with partners in the face of six leasing companies and four marketplaces. One of the niches served is the ex-lease secondary car market. As the business of the partners expands to new markets, Shelf.Network is providing more, better-priced deals at no extra cost.

The Shelf.Network team is an international group, working both in Ukraine and in Berlin, Germany, after being accepted into the TechStars accelerator.

The next step for Shelf.Network is to scale its services and add Western European suppliers. Thus, the company aims to take a piece of the $250 billion annual market in automotive auctions. As the project grows, the network aims to open to public trades and provide tools for tokenization, through which different network clients can run loyalty, advertising programs, build cross-border payment services and improve their operations for effective networking.

Overall Shelf.Network is an infrastructural layer that divides inventory distribution from re-marketing and disintermediates current centralized e-commerce platforms, allowing anyone to have democratized access and act as a trade agent. The diversity of agents builds a tailored bundle of services (financing and transportation) around each shared asset and make one-click cross-border sales a reality.

Shelf.Network also aims to offer one-click auctioning marketplace deployments that can be easily customized and supported. In the future, the network aims to add other asset channels for foreclosure market, collectibles and commodity tradings.

Essentially, the project wants to create a legitimate use case for blockchain technology which goes beyond mere gimmicks and ‘crypto toys’, and the industry definitely needs such developments to facilitate widespread adoption.

You can learn more about the Shelf.Network project on their official website or follow them on Facebook for more updates.

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Ripple has been added to coinbase trading platform recently, paving a clear path in its evolution to be next bitcoin. This year 2018 belong to ripple as many banking systems are running their trial on this blockchain technology.
xrp price⇁ $0.9868




LATEST RIPPLE NEWS ⇀⇁

The Japan Bank Consortium lines up 47 banks that will start Ripple applications in near future.
These are unconfirmed reports, yes, but we are talking about 47 banks!
Today, unconfirmed reports indicate that about 47 banks in Japan were considering adopting Ripple’s financial applications. The Japan Bank Consortium has indicated that they will seek to implement several Ripple initiatives as part of their operations.
One attractive element of the Ripple ecosystem pulling in financial institutions from around the world lies in the ease with which banks could handle domestic and cross-border financial obligations.
And all these happen on the Ripple network through three platform projects. We have the xRapid, xCurrent, and xVia. These initiatives work to make handling financial matters swift and cheaper to any location around the world.
South Korea Bank to Trial Ripple, and hints at a full Integration
Banks seem to be waking up to the idea that blockchain technology is essential, especially where speed, integrity, and transparency of transactions are concerned. That’s why Woori, one of the largest banks in South Korea said it had run trial tests on Ripple’s XRP token. The successful transaction on Ripple’s blockchain completes a set of trial runs undertaken by the bank. According to media reports attributed to Chosun, Korea’s reputable financial news outlet, Woori could be on the way to implementing large-scale payments or remittances using the Ripple cryptocurrency within 2018.


It emerged that Woori believes Ripple (XRP)’s near-instant speed makes it far better than Swift, which can take up to 3 days to finalize inter-bank transactions. This view supports the notion that many banks in Japan and South Korea are likely to start using Ripplenet applications on a commercial level as early as Q3 2018.
Cambridge Global Payments, (through parent company Fleetcor Technologies), to use XRP
This is probably even more appealing to the Ripple project than what the banks want to do. Suggestions that payment provider Fleetcor Technologies wanted to trial the use of XRP should excite any XRP investor. By deciding to utilize xRapid, Fleetcor will be using XRP coin in its payment remittances. I don’t see why this will not have a direct impact on the cryptocurrency prices in the future.
This pilot project will also include financial consultants Cambridge Global Payments, which is based in Canada. Perhaps more interesting is the fact that CGP has been working with Ripple since 2017, mostly utilizing Ripple’s xCurrent product.
This foray into the use of XRP by Fleetcor Technologies will help XRP become accepted more quickly in the region and around the world. If the pilot project succeeds, then we can only expect many more financial institutions take similar steps.
MAJOR REASON BEHIND ITS ADOPTION ON TRIAL BASES IN THESE BANKS ⤵
Ripple claim its products are cheaper and faster, but it also touts them as generally more efficient than the services in the marketplace today, a claim that hinges primarily on its use of blockchain technology and cryptocurrency.
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Coinbase, thought to be the biggest cryptographic money trade, has been hit with two claims that could be only a glimpse of a larger problem as the trade keeps on developing.

coinbase-hit-with-two-lawsuits

Coinbase is experiencing the growing pains of what most startups must contend with and that includes being the subject of much criticism and customer dissatisfaction.

The latest pain entails lawsuits, with two being filed in the same week over two completely different allegations. One was filed on March 1, while the other was filed on March 2.

Here are the Points:

1. Insider trading

In December, we enlightened you regarding odd movement on the Bitcoin Cash advertises that had made Coinbase speculate some insider data on the current dispatch of BCH arrange books on GDAX. At a certain point, a value abnormality recorded Bitcoin Cash at $9,500 on Coinbase, as some figured out how to offer significantly higher than current market costs. 

All things considered, some accept there was totally some insider exchanging being done, and they have recorded a legal claim. Recorded Thursday, March 1, the legitimate activity blames Coinbase for enabling its workers to exchange cryptos in view of data not known to people in general.

"Unsurprisingly, those who had been tipped off, immediately swamped Coinbase and the GDAX with buy and sell orders, thinning the liquidity but obtaining BCH at fair prices. The market effect was to unfairly drive up the price of BCH for non-insider traders once BCH came on line on the Coinbase exchange."

 2. Coinbase won’t give up the crypto

In the class action lawsuit filed on Friday, March 2, Coinbase is accused of violating California’s Unclaimed Property law and its Unfair Competition law. The plaintiffs are taking particular issue with users of the Coinbase exchange having to set up accounts to redeem cryptos that were sent to them via their email addresses. 

They claim that they did not receive notice from Coinbase that it would hold the cryptos until the receiver opened an account on its exchange. According to the filing:

Defendant’s failure to notify Plaintiffs and the Class, and the State of California as appropriate, that Coinbase is holding Cryptocurrencies that belong to Plaintiffs and the Class, and failure to deliver such Cryptocurrencies to Plaintiffs and the Class, and the State of California as appropriate, constitute “unfair” business practices…
According to the plaintiffs  that they “have a property right in their Cryptocurrencies, and a right to delivery and possession of same.”

By failing to notify Plaintiffs and the Class, and by failing to deliver Cryptocurrencies to Plaintiff and the Class as described herein, Coinbase has wrongfully dispossessed Plaintiffs and the Class of their Cryptocurrencies.