There are just a few days left until the fork of Monero (XMR) to CryptoNightV7 to make it again ASIC resistant and you might want to be ready for mining it after the fork, especialyl if you have ADM RX VEGA GPUs. So far the latest Claymore’s CryptoNote AMD GPU Miner does not yet have support for CryptoNightV7, but for VEGA GPUs you probably are using XMR-stak (also not ready) or Cast-XMR or the more recently announced Xrig. The last two have already been updated and their latest versions do come with support for CryptoNightV7, so you should update to Xrig 0.8.1 and Cast XMR 0.9.0 in order to be sure you are ready for the fork. Although these miners are optimized especially for VEGA mining, they should work on other AMD RX series of GPUs like 470/480 and 570/580 for example, so until a Claymore adds CryptoNightV7 support you can try using these miners as well. After Monero forks to the new CryptoNightV7 POW other coins are also expected to do the same and remain to be ASIC proof…
Archives for March 2018
Google has been watching startups get ahead of the company with various blockchain projects, but now it has decided to take a major step. Citing credible sources, Bloomberg is reporting that Google is planning to create its own blockchain and offer cloud and transactional services through it. “The Alphabet Inc. unit is developing its own
The post Google will Create its Own Blockchain in the Future: Report appeared first on CCN
JD.com has today unveiled a white paper detailing its plans for a new blockchain-as-a-service (BaaS) platform.
A company led by executives with a Wall Street background is making cryptocurrency investments easier for hedge funds – catering to their compliance requirements while providing an intuitive platform for trading hundreds of different tokens.
The desktop created by Blockchain Terminal – or BCT – has been built with an in-depth understanding of the tools traders and portfolio managers need to place and execute trades, while also helping CCOs ensure that transactions adhere to strict compliance standards.
Like the terminals that have become commonplace for trading stocks, shares, and currencies, the BCT is equipped with a big display for easy analysis and cross-referencing. For users who aren’t always able to be in front of a computer screen, the company is planning to unveil mobile software so informed investment decisions can be made outside of the office.
BCT hopes its product will be the catalyst needed to make cryptocurrencies a bigger player in the alternative investments industry. A quarter of managers in hedge funds told a recent BarclayHedge survey that they have already made inroads into crypto – or will do in the foreseeable future. Meanwhile, almost one-tenth of respondents are investigating whether cryptocurrencies can fit into their business plans.
Based on AutonomousNext’s analysis, those who don’t adapt could be at risk of falling behind. Following a sharp rise in specialist crypto funds last year, there are now 226 funds handling crypto assets estimated to be worth between $3.5 and $5 bln.
Helping hedge funds play by the rules
Regulation and scrutiny of the finance industry show no sign of dying down, with the 2008 downturn and a slew of fraud scandals casting an uncomfortable spotlight on their practices. Simultaneously, those investing in traditional funds have been left agitated by hefty fees and dwindling dividends. All of this has made compliance a principle that needs to be taken seriously.
Integrated into every BCT is a system known as ComplianceGuard. The company says this software has been successfully tried by almost two-dozen hedge funds – enabling cryptocurrency trades to take place within the strict parameters of an institution’s compliance policies.
Blockchain Terminal’s ledger makes the most of private and permissive Blockchains – creating a happy medium that affords an institution and its clients’ discretion while bringing accountability and transparency through time-stamped transactions stored on a global system. Because of this, auditing can happen instantaneously should any queries concerning compliance arise. All files attached to a transaction are also tamperproof.
Broadening BCT’s potential through apps
According to BCT, developers are going to be a major contributor to the company’s success. This is because they are producing applications that allow every user to tailor the terminal to his or her individual requirements. It is hoped that the degree of personalization such apps provide will accelerate the company’s growth. Meanwhile, BCT is going to integrate exchanges that provide data on roughly 1,400 different types of cryptocurrency.
Understandably, cybersecurity is a concern – and this is why a non-profit foundation validates third-party apps before they become available to everyone using a terminal. Known as the BCT Foundation, its goal is to encourage the adoption of this technology in the marketplace.
All users will end up coming into contact with BCT Tokens, which the company classifies in two different ways. Firstly, the native token is the driving force behind the ledger. Then, an ERC20 token enables terminal owners to purchase app subscriptions and use the services on offer.
BCT’s plan for terminal take-off
The company says it is passionate about ensuring that its Blockchain terminals become a mainstay in hedge fund offices. To this effect, 200 machines are going to be distributed in April of this year. Ahead of this is the BCT public presale, which is ongoing and comes off the back of a successful private presale and airdrop.
In Q3 2018, the company wants its terminals to be offered through retailers – making its technology more mainstream. The integration of third-party applications would come in Q4, with BCT confident that this will broaden its platform’s potential.
To help momentum grow and word of mouth spread about the Blockchain Terminal, the company has commenced a worldwide tour of cryptocurrency conventions and fintech exhibitions. Its team has already visited Berlin, Malaysia, Israel and South Korea – with executives scheduled to visit conferences in California and New York next month.
The post Blockchain Terminal for Crypto Trades Built with Hedge Funds in Mind appeared first on NewsBTC.
Ethereum News Update
Ethereum prices are down six percent on Thursday morning as the market slips back into angst and fear about upcoming regulations.
These gyrations have become a normal part of the Ethereum to USD exchange rate. They don’t surprise me. One number that did catch my eye, however, is the total cryptocurrency market cap—it fell below $350.0 billion…again.
After more than a week of treading water, the total market.
The post Ethereum Price Forecast: Crypto Recovery Falters at $350 Billion Level appeared first on Profit Confidential.
The British government has announced a plan to establish a cryptocurrency ‘task force’ that will include Her Majesty’s Treasury, The Bank of England and the Financial Conduct Authority. As a part of the UK government’s broader Fintech Sector Strategy, UK Chancellor of the Exchequer Philip Hammond is expected to introduce a raft of FinTech initiatives
The post The UK Government Launches a Concurrency Task Force to Harness Fintech Benefits appeared first on CCN
Daily Litecoin News Update
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,” says the young entrepreneur Jack Dorsey, who is the architect and captain of two ships—Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ)—both of which sail in the crypto seas today. (Source: “Jack Dorsey expects bitcoin to become the world’s ‘single currency’ in about 10 years,” CNBC, March 21, 2018.)
Jack Dorsey predicts that.
The post Litecoin Price Prediction: Jack Dorsey Needs to Consider Adding LTC to Cash App appeared first on Profit Confidential.
EOS has jumped 70 percent in the last few days and now may be closing in on a major bullish breakout.
The cryptocurrency market has reacted today as Binance, one of the world’s largest cryptocurrency exchanges, has come under pressure from the government of Japan for operating without a license, according to a report. However Binance founder Zhao Changpeng dismissed the news as “irresponsible journalism”.
Cryptocurrency Market Reacts With Japan vs Binance Story
A Nikkei report has provoked a storm in the cryptocurrency market this Thursday. It alleges that the Financial Services Agency, Japan’s financial watchdog, is about to order the exchange to freeze its operations within the jurisdiction while its license is pending official approval.
Zhao Changpeng, founder of Binance, has expressed disappointment with Nikkei as he dismissed the news report.
“Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them.”
Whether it is FUD or not, is still unknown. Twitter user Henno van Rensburg claims it is not: “I spoke to people in the know and they’ve asked Binance to take down the Japanese translation to discourage Japanese to use their platform.”
The cryptocurrency market jittered in response to the news on fears that increased regulatory scrutiny will curb demand for digital assets in one of its largest markets. Bitcoin was trading over $9,000 before the news report, the tumble led to daily low of $8,706. BTC is down by just under 4% at the time of writing as is priced at $8,740.
The wide majority of the top 100 cryptocurrencies and tokens on the Coinmarketcap.com list are also down on what appears to be account of the news report. Total market capitalization has fallen by just under 5% on the day to $335 billion however this had started before the story broke.
Since the Mt. Gox scandal in 2014, the Japan government and the FSA increased efforts to prevent fraud and hacks in the cryptocurrency world. The amendment to an existing law, which came into effect in April 2017, requires exchanges to have a license to operate.
The regulator has issued licenses to 16 cryptocurrency exchanges and allowed 16 others to operate while awaiting a decision on their applications. Following the Coincheck hack, the FSA has already suspended two exchanges from doing business and fined others, including Coincheck, which was one of the exchanges being allowed to operate without a license.
Since the Coincheck hack in January 2018, Japan’s FSA has issued seven “punishment notices” to unlicensed Japanese exchanges. The full implications of this development remain to be seen at the time of writing as this could just be a small correction from the three days of market recovery, things happen fast in crypto land.
The post Crypto Markets React Following Reported Japanese Pressure on Binance appeared first on NewsBTC.
For the first time in history, the Chinese government and its central bank, the People’s Bank of China (PBoC), has opened its $27 trillion payment market to the world. Foreign firms are now allowed to apply for licenses to operate within China, competing against local service providers. Freedom For Foreign Firms In China, homegrown companies
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