April 4, 2018 - GiveDirectly.org
Ethereum (ETH) and OmiseGo (OMG) have teamed up to donate the equivalent of $1 million USD in OMG tokens directly to refugees currently living in extreme poverty with the host site GiveDirectly promising to deliver those funds.
Ethereum founder Vitalik Buterin and OmiseGo founder Jun Hasegawa announced this donation to the public saying "The crypto economy has grown immensely over the last year, bringing a great deal of wealth to many people and organizations within the ecosystem. In part we simply see an exciting opportunity to share that wealth. We hope the fortunes made in the crypto space will lead not to extravagant lifestyles but to extravagant generosity."
This Robin Hood-esque duo wants to push towards collaboration for a project that embodies their shared vision of a more free, decentralized world. This type of leadership is what we need in our world, and with your help you too can make a difference.
How Can You Help?
Donate to GiveDirectly.
GiveDirectly provides unconditional cash transfers to people living in extreme poverty. You can donate Bitcoin, Ether, and Ripple.
Donate to the Water Project.
The Water Project is a well-known organization among bitcoin proponents. This charitable organization invests funds to build local, clean water solutions to help citizens suffering from the water crisis in sub-Saharan Africa. Almost 1 in 9 people world wide do not have access to safe and clean drinking water, be the one to change that.
Donate to United Way.
United Way bitcoin donations will support United Way Worldwide's Innovation Fund. The Innovation Fund drives the development of new technology and new
April 3, 2018 - CoinMarketCap
Bitcoin (BTC) continues its push back to $8,000 after the 'Death Cross' event occurred last week.
Bull investors have managed to increase the total value of all cryptocurrencies by $20 billion dollars this previous 24 hours. With Bitcoin hovering at a 5% increase, most investors of digital assets are praying this is a bottom.
CNBC reported that the Bitcoin price jump was a result of Japanese online broker Monex reportedly making a bid for Coincheck, a cryptocurrency exchange. After this news, Bitcoin hit it's high of $7,400 and Monex shares increased by 23 percent on the Tokyo Stock Exchange. The Japanese company plans to bid several billion yen for majority stake in Coincheck as an effort to stabilize the exchange, Nikkei Asian Review reports.
Monex owns U.S.-based online brokerage TradeStation which offers real-time market data for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. As it stands today, Monex is currently valued at around $870 million. With its proposal to invest billions into the cryptocurrency market; calm waters seem to be approaching.
While this Bitcoin break seems impressive, the bull fight is far from over. An increase in price above $7,800 into $8,000 would be needed in order to confirm a trend reversal in the bulls favor.
The Relative Strength Indicator (RSI) of the last 24 hours indicates a possibility that Bitcoin could rally a few extra hundred dollars. This is an extremely popular momentum indicator that has been featured in several media platforms. A resistance line built at $8,000 would create a lift of the RSI above its declining trendline.
More information will be posted as it becomes available.
April 1, 2018 - Github
Vitalik Buterin, co-founder of Ethereum and co-founder of Bitcoin Magazine announced today a possible hard fork that will alter the total max supply of Ethereum.
He states on Github "In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH."
As it currently stands, Ethereum has a total current supply of 98.557 million coins in circulation. In the long run, setting the total supply at 120 million would allow for economic sustainability following the move to a new algorithm after the hard fork. A move like this shows signs of maturity among the Ethereum project and a more familiar number to calculate.
What's important to know from this article is that this is still simply a 'proposal', nothing is set in stone quite yet. With these proposals will come change and Ethereum developers and consumers must embrace that change. This change would be a huge milestone for the protocol's overall design and usability.
The next hard fork (phase 1 Casper) will alter reward distributions and will ultimately change in-protocol rewards like mining, staking interests, and staking rewards.
March 29, 2018 - Medium
Last week, March 23rd, 2018, Binance announced that it is setting up shop in Malta. As the world's largest cryptocurrency exchange by traded value and volume, this move could mean fewer regulations and more opportunities to invest and trade cryptocurrencies.
Hon. Silvio Schembri, who is Malta's Parliamentary Secretary for Financial Services, Digital Economy & innovation showed admiration over the Binance's decision to operate in Malta. He stated "It is obvious that Malta has become a natural point of reference on the international sphere and companies such as Binance will continue to look into Malta to further expand their operations or establish a base". He continues to remark "Binance's presence in Malta sustains our vision, that of making Malta 'The Blockchain Island'.
After reviewing several possible locations, Binance decided to invest in the European nation of Malta because of its pro-blockchain legislation and stability that will ensure its successful future. In this move, Binance plans on hiring an additional 200 people in order to assist their expansion.
Malta is actively building a supportive regulatory and technical infrastructure that will highly appeal to companies stuck in countries with strict, invasive regulations. With these infrastructure builds, Malta plans on formalizing a 'Virtual Currency Act' that when passed will pave the way for safely regulating investment operations like token sales.
More information will be posted as it becomes available.
March 27, 2018 - CoinMarketCap
It appears that the little known cryptocurrency by the name of Garlicoin is making some surprising pushes to gear back towards the slump to $.043. What makes Garlicoin interesting is the total supply offered from the ICO launch. With a total supply of 7,034,236 GRLC and a circulating supply of 6,861,835 GRCL this coin has potential as Bitcoin continues to regain its footing.
While many think this cryptocurrency is a joke or meme, others see potential and have invested actual money into it. With a still very active Discord and Reddit, Garlicoin offers more than just a currency, it offers a community. All bias aside, I have actually mined a small amount of Garlicoin since its release back in January of 2018 and have enjoyed watching it fluctuate in my portfolio.
The technology backing Garlicoin includes a wallet, and mining software that is equipped with a blockchain explorer. This software is very easy to setup and use and there is a discord community that is readily available to assist with any problems.
I will be following this cryptocurrency closely and will update this post with new, fresh material.
March 26, 2018 - Twitter
Following a recent post on Medium by Coinbase, there is intention to support the Ethereum ERC20 technical standard in the coming months. This will allow ERC20 assets and tokens to be traded across the Coinbase platform. This process will follow how Ether, Lite Coin, and Bitcoin Cash were added in the past.
ERC20 by definition is a technical standard used for Ethereum smart contracts. These assets have become a popular way to create a network of inter-operable contracts and assets. An additional benefit to adding ERC20 token support is the
What Makes a Token ERC20?
A token that is ERC20 means it meets a specific protocol standard called ERC20. This protocol is designed to make the token highly compatible with Ethereum. As explained by James Seibel at Medium, "The ERC20 protocol standard contains basic functions that any useful token should implement to enable trading." This means universal use among all traded coins.
Before ERC20, every ICO token would need to study their own unique function of transferring tokens and figure out a way to implement it. With ERC20, all tokens share the same functions, which makes them quick and easy to use.
March 20, 2018 - Buenos Aires
Members from the world's top economic countries have now set a deadline that will unify cryptocurrency under one regulation.
At the meeting on Tuesday, members made a firm deadline set for July saying "In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?"
Central bankers and government officials have advocated taking a closer look at the impact cryptocurrencies could have on crime, investors and on the world economy. While finance officials from France and Germany said in a joint letter that cryptocurrencies "could pose substantial risksfor investors," U.S. Treasury Secretary Steven Mnuchin and an anonymous Japanese government official expressed concerns about their use in illegal activities.
A second meeting is set to take place tomorrow, which will be hosted through the G20 President's office.