Stellar (XLM) Soars While Monero (XMR) Slumps

Stellar (XLM)

Most of the cryptocurrency market, besides a few, is in the red as Saturday comes to a close.

Monero (XMR)

Monero had a solid run towards the end of the week and leading into the weekend, but has since corrected. Friday, the coin had jumped nearly 20% in 24 hours time, reaching a high of $373.68. Monero hadn’t reached that price point since late-January of this year.

News broke that there would be a hard fork of Monero, named MoneroV (XMV), in mid-March. Holders of XMR that use the Moneo Wallet will …

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Dubai Continues to Embrace the Blockchain, Announces Plans to Democratize Tourism

Dubai continues to lead the way in adopting blockchain technology, as the city seeks to keep itself 10 years ahead of the rest of the world.

Democratizing Tourism in Dubai

Dubai has officially announced its intention to democratize tourism by creating a virtual business-to-business marketplace for the travel industry, with an additional distribution channel for hotels within two years.

According to Arabian Business, tourism chiefs in the United Arab Emirates’ largest and most populous city hope to provide tourists from around the globe with a plethora of choices from the local tourism industry by utilizing the blockchain’s safe, transparent, and instantaneous environment. A statement by Dubai tourism chiefs explains:

It positions Dubai as a think-thank and innovation leader seeking to truly democratize travel.

The statement also makes clear the initiative’s intention of utilizing smart contracts to provide travel itineraries with transparent prices, allowing tourists to take control over their personalized travel plans.

Democratizing Tourism in Dubai

Democratizing Dubai’s tourism industry with blockchain technology serves three purposes. Firstly, it aims to increase the number of tourists by making it easier than ever to plan your own trip. Secondly, it prevents larger companies from overshadowing smaller companies – thus providing equal opportunity to everyone looking to turn a profit in the tourism industry. Finally, the initiative also facilitates competition in the space by affording newcomers and entrepreneurs the opportunity to get involved, which should increase employment.

Explained Helal Saeed Almarri, director general of Dubai Tourism:

We at Dubai Tourism are determined to carve a reputation as global leaders in tourism innovation, exponentially accelerating our ‘digital, mobile and social’ first strategy. Today travel is undergoing one of the most emphatic sectoral transformations due to the radical pace of technological disruption across every aspect of the consumer journey.

Building the Future on the Blockchain

This isn’t the first time Dubai’s famed 10X Initiative has promoted blockchain development in the UAE.

Launched at last year’s 5th World Government Summit by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chairman of the Dubai Executive Council, Dubai’s 10X Initiative aims to make the city’s government entities 10 years more advanced than the rest of the world in every way, shape, and form.

Building the Future on the Blockchain

As part of the initiative, Dubai’s Roads and Transport Authority recently announced its intention to create a blockchain-based vehicle management system, allowing owners to track their vehicle throughout the duration of its existence — from its construction to its destruction.

Do you think Dubai is successfully putting itself 10 years ahead of the rest of the world with its blockchain-based government projects? Let us know in the comments below!

Images courtesy of Pixabay, Pexels

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Robotina to Utilize Blockchain Technology to Modernize the Way We Interact with Energy

With a critical energy consumption problem currently plaguing the world, Robotina seeks to rethink the way we interact with traditional power networks. By deploying a myriad of modern technologies to optimize energy consumption, individuals will be able to not only save on costs but help save the planet as well.

A Growing Power Problem

With international energy consumption levels growing at an exponential rate and a variety of renewable sources entering the playing field, energy management has become an immense problem to systematize. To address this growing problem both a paradigm shift in the way individuals interact with the power grid and providers interact with consumers are required.

With decades of experience under their belt, Robotina is stepping in to address this problem at both a business and consumer level. The key to the problem deals with bridging the gap between energy providers and consumers, effectively creating a collaborative effort in which both consumption and delivery of energy are efficient and streamlined. With tested solutions, modern technology, and a unique three-pronged approach, Robotina poised to have an immense impact in this field.

A Growing Power Problem

From Purchasing to Power

Robotina has developed a unique system combining the best elements of the internet of things (IoT), artificial intelligence (AI), and blockchain technology to not only modernize energy consumption processes but allow individuals to reduce their costs, and effectively increase both their safety and security.

Robotina is unique in that they are also a manufacturer with their own in-house research and development team. The first step in the process at the consumer level involves Robotina’s proprietary energy based IoT device.

After receiving Robotina’s unique Energy Management System (EMS) device, consumers can start reducing their consumption by monitoring and optimizing their entire usage cycles. The EMS device collects data that is then used to benefit the user by optimizing consumption patterns through their unique AI implementations. Additionally, users earn the platform’s native token through group energy purchases and data sales, which they can then use for additional services provided by Robotina.

The Robotina token (ROX) will power the platform and operate all utility featured in the ecosystem. Token holders will be able to verify their status on the platform, participate in group energy purchasing, receive discounts on services provided by the platform, and utilize the Robotina App Store. A massive 70% of the tokens are being offered to crowd sale participants, ensuring a democratic distribution and increased number of platform participants.

From Purchasing to Power

A Competitive Landscape, But a Serious Advantage

Although competitors such as WePower and Power Ledger currently operate in the blockchain-powered energy space, Robotina offers both a wider array of technologies and existing practices that could potentially establish them as the top project to watch.

While WePower and Power Ledger offer blockchain-based solutions, Robotina ups the ante by deploying both their IoT devices and AI services to optimize consumption levels and monitor performance levels. Robotina also owns patents on their technology and has an existing business track record as well. Aside from software development and financing, Robotina’s main driver is automation which is geared toward easing the entire process on the consumer end.

Although all three offer a form of existing marketplace solutions, Robotina is the only project to offer both hardware and software services, a community-based data exchange, energy crowdfunding, and fault detections.

Robotina’s presale is currently taking place with a 10% bonus. For more information about Robotina, visit their website and check out their white paper. To reach the team directly with any questions, make sure to check out their Telegram channel.

Do you think Robotina has what it takes to revolutionize the way we interact with and purchase energy? Do you think these forms of both automation and detection could help efficiently clean up the planet? Let us know in the comments below!

Images courtesy of Robotina, Pixabay, AdobeStock

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Uber Creator Founds New Cryptocurrency ‘ECO’ – How Can You Get Involved?


There’s a new cryptocurrency coming – ECO – but how is it connected with Uber? According to the report by Fortune’s Robert Hackett, Uber co-founder Garrett Camp is planning to start his own cryptocurrency.

The goal of Camp’s crypto is to solve the technical challenges that hinder many current cryptocurrencies, such as the scalability issues of Ethereum, along with other challenges.

Camp told Fortune that he hopes to bring crypto back to its origins as “an instant, affordable, and borderless means of payment for the masses.”

Camp has long been a supporter …

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TOSS: The Future of Betting Industry

How the Blockchain Could Help Revolutionize the Betting Sector

PROOF OF TOSS is a betting ecosystem on the blockchain. The aim of this project is to revolutionize the gaming industry with the help of cryptocurrency’s underlying technology.

The TOSS ecosystem is a revolutionary project that aims to bring the blockchain into the gaming sector. Through this platform, anyone will be able to create a wager, bet, and judge. The aim of all activities on this platform will be to win TOSS tokens. The main difference between PROOF OF TOSS and others utilizing the blockchain is that they also cater to existing bookmakers and other parties in the betting sector.

About the Developers of the Project

With years of experience in the gaming sector, the developers of the PROOF OF TOSS project were at the helm of the Bitcoin revolution. As early as 2011, they have been benefiting from the new opportunities made possible by the blockchain. They now feel confident enough to put all the expertise and experience they have in this sector to good use. The main reason why they settled on the blockchain is that the sector is worth $400 billion today. On top of that, it is expected to continue growing annually.

After much discussion, they settled on the gaming industry. They hope to introduce smart contracts to this industry. By doing so, they will bring better odds, lowered fees, increased market coverage, better margins, and an opportunity for everyone in the ecosystem to benefit.

They will Democratize Gambling

One of the major issues in the gaming sector is the lack of trust. Whenever you place a bet online, you are putting trust in numerous intermediaries. Firstly, you have to trust the payment provider. Then you must trust the operator of the site to place a bet on the outcome you choose.

You also have to trust them to return the profits to you if the bet succeeds. The operators also have to place their trusts in agents, employees, and all those around them to deliver the desired results. At the end of it all, everyone wants his or her cut, which makes it hard for you to win. This system is decentralized and non-profit; its only aim is to democratize the betting sector.

Token Sale

There will be a billion TOSS tokens generated. The project has a hard cap of USD 50,000,000. The sale goes live in about fifteen days.

At the moment PROOF OF TOSS is going through a closed presale stage. For more information about the closed presale or the project contact the PROOF OF TOSS team, personally on Telegram.

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Liechtenstein’s Bank Frick is Offering Cryptocurrency Investments and Cold Storage

Liechtenstein-based Bank Frick is now giving its clients the ability to buy Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum, while also promising to secure their cryptocurrency purchases from cyber attacks with backed-up cold-storage wallets.

You Don’t Have to ‘Be Your Own Bank’

While many of Europe’s larger banks have taken a negative stance towards digital currencies, Bank Frick – a small independent family-run bank in Liechtenstein – is opening its doors to clients looking to invest in the young cryptocurrency market. Explained Chief Client Officer Hubert Büchel:

Our services are in high demand from companies across Europe. The companies know that we reliably support them in implementing their cryptocurrency and blockchain business models in accordance with existing European regulations. Our goal is to bring crypto banking at least to the level of quality of classic banking.

According to ZeroHedge, Bank Frick is also protecting clients’ cryptocurrencies with cold storage wallets – widely considered to be the safest option for protecting cryptocurrency investments long-term, thanks to their offline nature. Additionally, backup copies of clients’ wallets will be stored in a “geo-redundant and secure manner.”

Chief Client Officer Hubert Büchel

Bank Frick’s new offering is set to open cryptocurrency’s doors to a whole new base of clients. Explains Büchel:

With our new offering, financial intermediaries such as asset managers and trustees can successfully differentiate themselves in the market and offer their customers added value. Intermediaries and their clients can easily get to know a new, exciting universe with these direct purchases, diversifying them and investing them without correlation to other asset classes. Investments in cryptocurrencies are highly speculative, which is why only a small amount of admixture in the portfolio is advisable.

Playing by the Rules, Ahead of the Curve

Bank Frick is not only looking to protect their clients’ investments, but also their own operations.

The bank is regulated according to both Liechtenstein and EU/EEA law and will safeguard itself from money laundering or other criminal activity by thoroughly ensuring funding sources are legitimate.

Chief Executive Edi Wögerer

Bank Frick has long been taking a crypto-friendly focus, effectively putting themselves ahead of the curve when compared to Europe’s big banks. Chief Executive Edi Wögerer previously stated:

There are risks involved but there are also really big opportunities. We know what to do from a security perspective so this is a big opportunity for banks like us.

Wögerer also previously claimed that larger banks were “scared” of crypto and that “because they don’t understand them, they feel threatened.”

Would you be interested in directly investing in cryptocurrency with a family-owned bank offering cold-storage wallets? Let us know in the comments below!

Images courtesy of Wikimedia Commons,

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Shocker! Cryptocurrencies Are ‘Failing,’ UK’s Central Banker Says

Canadian economist Mark Carney — who also serves as the Governor of the Bank of England and Chairman of the G20’s Financial Stability Board — has called for greater regulation against the “anarchy” of cryptocurrencies, despite claiming that “they’re failing” and are not a threat.

‘They’re Failing’

Canadian economist and Bank of England Governor Mark Carney unsurprisingly continued his anti-Bitcoin and anti-cryptocurrency rhetoric this morning in a speech to Bloomberg — in which he threw about as much FUD (Fear, Uncertainty and Doubt) as one in his position can possibly throw.

In his speech, Carney praised the blockchain technology which underlies Bitcoin and cryptocurrency, but made every effort to put down cryptocurrency as a whole. He said:

The short answer is: they’re failing. Cryptocurrencies are poor stores of value. Over the past 5 years, the daily standard deviation of Bitcoin was 10x that of sterling […] This extreme volatility reflects that the cryptocurrencies have neither intrinsic value nor external backing. Their worth rests on beliefs about their future supply and demand — ultimately about whether they’ll be successful as money.

In addition to making an attempt at justifying his argument by mentioning that those who would’ve taken out student loans in Bitcoin — which is simply an ill-advised financial strategy — in December would be at a 50 percent loss, while those who did the same in September would be up significantly, Carney continues to spread uncertainty by stating:

Thus far, rather than a sober assessment of their future prospects, the prices of many cryptocurrencies have exhibited all the classic hallmarks of bubbles, including new paradigm justifications, broadening retail enthusiasm, and extrapolative price expectations reliant in part on finding the greater fool.

And far from being strengths, the fixed supply rules of cryptocurrencies are serious deficiencies that would impart a deflationary bias on the economy. If those who cannot remember are condemned to repeat it, recreating a virtual global gold standard would be a criminal act of monetary amnesia.

Nocoiner Credo: Blockchain Not Bitcoin

Of course, Carney doesn’t want to be ‘the bad guy,’ and thus makes sure to reminds everyone that blockchain is good, as long as it plays by the rules of governments and financial institutions. He stated:

A better path would be to regulate elements of the crypto-asset ecosystem to combat illicit activities, promote market integrity, and protect the safety and soundness of the financial system. Being part of the financial system brings enormous privileges, but with them great responsibilities. … [Cryptocurrencies’] core technology is already having an impact. Bringing crypto-assets into the regulatory tent could potentially catalyze innovations to serve the public better.

Of course, Bitcoin largely came about because Carney’s financial system wasn’t particularly ‘safe and sound’ — at least, not for all those who lost their homes and jobs during the 2008 Financial Crisis, which ultimately saw many traditional financial institutions rewarded for actually failing.

Meanwhile, let’s not forget that the World Gold Council recently acknowledged that cryptocurrencies pose a threat to central banks.

But who knows what Carney will say about Bitcoin next time he gives a speech — aside from everybody?

What do you think of Carney’s speech to Bloomberg? Do you think he has a point, or is simply throwing FUD as he’s worried about Bitcoin’s potential to undermine the Bank of England? Let us know in the comments below!

Images courtesy of Shutterstock, Twitter, Wikipedia Commons.

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Sharpay ICO – We Share because We Care

Sharpay launched today. What is Sharpay? It’s an ICO built around sharing on the internet.


Sharpay is looking to make sharing even easier. Sharing things one by one to different social media sites will be a thing of the past with Sharpay: now, there will be one button to do it all. With one click, whatever you like from the internet can be shared to all followers across all social media sites.

The ability to multishare already exists. The main difference with Sharpay is that cryptocurrency becomes involved. Sharpay has been built on …

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Predicted 2018 Cryptocurrency Prices: Major Gains for Cardano and Dogecoin

Predicting the future price of cryptocurrencies is rather complicated. With so many different factors to keep in mind, accurate predictions are rather rare. That being said, a group of panelists recently discussed some of the top cryptocurrencies for 2018. The results are pretty interesting, as the “big winner” is not the altcoin you might think.

Cryptocurrency Prices in 2018

The opinions on cryptocurrency prices are always interesting to keep an eye on. So far, the overall market sentiment appears to be pretty bearish, but things are always changing. According to a team of panelists, 2018 will be pretty good for Bitcoin later this year. They see the price per BTC rise to as high as $29,533, which is a nice increase compared to right now. Even though that is a 184.31% increase compared to right now, such gains are not impossible where cryptocurrency prices are concerned.

Although we see similar trends for most other currencies as well, not every coin will perform as well. Cryptocurrency prices fluctuate quite a bit, and so will their gains accordingly. Bitcoin Cash, for example, is set to gain as much as 116.41% by late December 2018. If that prediction holds true, the price will surge to $2,721. Not the value most BCH supporters are hoping for, but it would be a solid start.

Ethereum, on the other hand, will face a fairly difficult year, all things considered. Although the panelists see its price rise to $2,550, it’s not much “better” than Bitcoin whatsoever. It seems both of these currencies will remain linked together for some time to come. Whether or not that is good or bad for other cryptocurrency prices, has yet to be determined.  It does appear some of the altcoins will effectively decouple themselves from Bitcoin and the likes, though.

The Rise of Cardano and Dogecoin

When looking at all of the predicted cryptocurrency prices, it is evident the panelists have high hopes for two specific coins. Cardano will see a meteoric rise in value, surging by nearly 600% by the end of this year according to predictions. That would put the Cardano price at just over $2.33, which almost seems impossible to achieve right now.

Ripple’s XRP is set to undergo a wild ride as well. With a prediction of $6.13 by the end of the year, there is still a long way to go for this digital asset. It would represent a 541.34% increase compared to the current price. This is by far one of the boldest estimated cryptocurrency prices, but it is not entirely unfeasible. We saw wild growth late last year, and 2018 may bring us more of the same.

According to the panelists the biggest gainer of them all, however, will be Dogecoin. Many people consider Dogecoin to be a joke currency, as it was never designed to be taken all that seriously. Even so, the Dogecoin price is estimated to rise to a whopping 19 cents. Compared to the current price, that is a near 3,000% increase over the next nine and a half months. A bold prediction, although few people actually invest in this altcoin. All of these estimated cryptocurrency prices are pretty intriguing, although it remains to be seen which will come true.

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Tron (TRX) Awakes on Bittrex Listing Boost

Nothing will boost the price of an altcoin better than a listing on a major exchange. They don’t come much bigger than Bittrex which announced the listing of Tron (TRX) a few hours ago.

Tron has been lagging since its almighty pump back at the beginning of January. When crypto mania was at its peak, fear of missing out gripped a lot of newbie traders who jumped in on what they thought would be the next biggest thing in crypto land.

Tron Pump and Dump

Tron is a Chinese entertainments based cryptocurrency founded by entrepreneur Justin Sun. Part of its early success was the flurry of activity on social media propelling the coin from $0.002 at the beginning of December to a peak of $0.28 by early January. This epic pump resulted in a surge of almost 14,000 percent in less than a month. A lot of people made a lot of money on TRX, including its founder, however, a lot also lost out if they brought anywhere near the top as Tron has been sliding downwards ever since.

That is until today’s announcement that it would be listed on one of the world’s largest exchanges, Bittrex.

Price action took a jump a few hours ago during the morning’s Asian Trading session when TRX shifted up a gear to trade 20% higher on the day. The coin is currently trading at $0.05 which is still a long way off its all-time high.

The Future for Tron

Justin Sun has been on the receiving end of a world of flak on social media for his constant partnership announcements. The company has made a few partnerships with smaller Chinese companies but nothing on the scale that would revive major interest in this floundering cryptocurrency. Add this to the fact that Tron has yet to launch a solid product and it is easy to see why confidence in this coin has waned over the past two months.

To boost prices, a coin burn was planned which would reduce the number of tokens in total supply. The figure currently stands at 100 billion with 65 billion in circulation. At its peak, Tron was 6th place in the market capacity charts but has since fallen back to 15th. Current market capacity is $3.2 billion and daily trade volume is just under $500 million.

Bittrex may have just awoken the Chinese dragon, but it will take a lot more than just the exchange listing to get TRX back with the big boys.

Will Tron take off in 2018? Add your views to the comments below.

Images courtesy of Tron: Legacy/Walt Disney (2010)

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