Parity Will Not Pursue Hard Fork to Unfreeze 500,000 Ether

Ever since the recent Parity bug, people have been wondering how their frozen funds will be rescued. It is evident there is no easy solution to this problem, as the earlier proposal of hard forking Ethereum to roll back the incident has been rejected by the community. This will make it a lot more difficult to come up with a solution everyone can agree on. For now, there is still no solution in sight, but the team is still searching for a way to resolve this issue. Frozen Parity Funds Remain in Limbo On one hand, it is good to see the Ethereum community being so outspoken about another Ethereum hard fork to reclaim frozen funds. The network set a dangerous precedent when the community approved a hard fork-based rollback of all stolen funds belonging to the DAO. That has always been a controversial decision, even though there were no other viable ways of dealing with the problem at the time. In light of the recent Parity bug that caused over 500,000 Ether to be frozen in certain company wallets, it is evident a solution has to be found. After a few possible options were outlined around a week ago, the community immediately rejected all of the ideas. Every option required another Ethereum hard fork to undo the damage and introduce another rollback of sorts. It is not an acceptable method of dealing with this problem, according to the community, and the Parity team has taken this feedback to heart. The positive aspect of this development is that there is no hard fork to contend with and no further controversy that could affect the Ethereum network as a whole. On the other hand, it also means there is no way to recover the 500,000 Ether still frozen in wallets. A few ICO projects were affected by this Parity bug, and they will have to wait for a proper solution until the situation can be rectified. Nevertheless, the Parity team is not ready to throw in the towel just yet. Although a hard fork seems like the most convenient solution, going down that road would have severe repercussions. After all, the DAO hard fork has brought us Ethereum Classic, which goes to show how controversial such rash decisions can be for the network as a whole. Although it is doubtful we would see a third version of Ethereum created in the process, one could not dismiss the possibility. Moreover, it would set another dangerous precedent by turning a blockchain into a mutable ledger. It is good to see the Parity team take community feedback to heart in this regard. Resolving this matter is still their top priority right now, but it will require some creative thinking to get everything working again. Until further notice, the 500,000 Ether will remain locked in some wallets. It is not an ideal situation by any means, but we will have to deal with it for now. Going the hard fork route is not acceptable, as the Ethereum community doesn’t want the Parity funds to receive any “special treatment”. How the Parity team will eventually resolve these problems remains to be determined. Considering the team knows best how the bug was created and how it could have been resolved before someone took advantage of it, there’s no doubt they will find a solution sooner or later. We can only hope this matter is resolved quickly, as this bug has been present for quite some time now. Moreover, the people whose funds are currently in limbo are slowly running out of patience.

Litecoin Price is on Track to set a new All-time High Soon

It seems the end of the year is solid for Litecoin holders. We have seen some very powerful gains and the altcoin has recovered nicely after the recent Litecoin price dip. Although there is still a lot of work to be done before any major changes can occur. With a Litecoin price of $320 on the charts right now, it is safe to say Litecoin will keep moving toward the $20bn market cap in the coming weeks. Litecoin Price Keeps up the Pace Unlike what most people would have expected a few weeks ago, things are still looking pretty good for the Litecoin price. After the big dip to $265 a few days ago, people weren’t too sure what the future would hold for this altcoin. Thankfully, the Litecoin price eventually rose back to $300 and it seems we may see a new all-time high in the coming hours and days. It all depends on whether or not Bitcoin breaks out again. Over the past 24 hours, we have seen the Litecoin price hold its own at the $300 level with relative ease. That is pretty surprising, as the Bitcoin price decided to move up again in the same period. Altcoins are losing far less value in USD these days when Bitcoin moves up. Especially the Litecoin price seems to remain pretty stable during such swings, even though its Bitcoin value always takes a hit. Then again, that latter part is only to be expected, as all other cryptocurrencies go through a similar process. For now, the Litecoin price all-time high still sits at just over $331. With the current Litecoin price of just over $320, it seems evident this value will be surpassed at some point in the near future. Most LTC holders will be more than pleased if and when this happens, although cryptocurrency will always remain an unpredictable market first and foremost. Big things are on the horizon for the cryptocurrency as a whole, and Litecoin certainly has its part to play in all of it. With over $1.86bn in 24-hour trading volume, things are looking pretty good for Litecoin. Demand for this popular cryptocurrency is still very tangible, and it seems fewer people are willing to sell at the current price. Slowly but surely, more and more cryptocurrency users start to hold onto their coins for the long-term instead of flipping them for small profits on a daily basis. This latter option also invokes a lot more stress and OCD, which isn’t necessarily fun to deal with. It is uncanny how GDAX still has the highest Litecoin trading volume over the past 24 hours. This is a positive development, mind you, as fresh capital needs to keep entering the cryptocurrency markets as a whole. Bitfinex is in second place, as they inched ahead of Bithumb by a few million. Once again, we see three fiat currency trading pairs dominate the Litecoin trading volume. A very bullish sign for the future, that much is certain. For now, it seems as if it is only a matter of time until the total cryptocurrency market cap surpasses $1 trillion. When that happens, all of the proper currencies will get another healthy price boost, and Litecoin will most likely be among them. Although a lot of people hold out high hopes to see the Litecoin price surpass $500 in the near future, it may not necessarily happen in 2017. Then again, no one thought Bitcoin would get past $10,000 either.

Litecoin Is on Track to Set a New All-Time High Soon

It seems the end of the year will be solid for Litecoin holders. We have seen some very significant gains recently, and the altcoin’s price has recovered nicely after its recent dip. With a value of US$320 right now, it is safe to say Litecoin will keep moving toward a market capitalization of US$20 billion over the coming weeks. Litecoin Bulls Keep up the Pace Unlike what most people expected a few weeks ago, things are looking pretty good for the Litecoin price. After the big dip to US$265 a few days ago, people weren’t too sure what the future would hold for this altcoin. Thankfully, the Litecoin price eventually rose back up to US$300, and it seems we may see a new all-time high in the coming hours and days. It all depends on whether or not Bitcoin breaks out again. Over the past 24 hours, we have seen the Litecoin price hold its own at the US$300 level with relative ease. That is pretty surprising, as the Bitcoin price decided to move up again over the same period. Altcoins are losing far less of their value against USD these days when Bitcoin moves up. In particular, the Litecoin price seems to remain pretty stable during such swings, even though its value relative to Bitcoin always takes a hit. Then again, that is only to be expected, as all other cryptocurrencies do the same thing. For now, Litecoin’s all-time high price is just over US$331. With the current Litecoin price sitting at just over US$320, it seems this value will be surpassed at some point in the near future. Most LTC holders will be more than pleased if and when that happens, although cryptocurrency markets will always remain unpredictable. Big things are on the horizon for the cryptocurrency industry as a whole, and Litecoin will certainly have its part to play. With over US$1.86 billion in 24-hour trading volume, things are looking good for Litecoin. Demand for this popular cryptocurrency is still very present, and it seems fewer people are willing to sell at the current price than before. Slowly but surely, more and more cryptocurrency users are starting to hold onto their coins for the long term rather than flip them for small profits on a daily basis. The latter approach involves a lot more stress and OCD, which aren’t necessarily fun to deal with. It is uncanny how GDAX has had the highest Litecoin trading volume of any exchange over the past 24 hours. This is a positive development, mind you, as fresh capital must continually enter the cryptocurrency markets. Bitfinex is in second place, as its 24-hour volume has inched ahead of Bithumb’s by a few million dollars. Once again, three fiat currency trading pairs are dominating Litecoin’s trading volume. It’s a very bullish sign for the future; that much is certain. For now, it seems it is only a matter of time until the total cryptocurrency market cap surpasses US$1 trillion. When that happens, all of the proper currencies will get another healthy boost, and Litecoin will most likely be among them. Although a lot of people are holding out hope the Litecoin price will surpass US$500 in the near future, it may not necessarily happen in 2017. Then again, no one thought Bitcoin would fly past US$10,000 this year either.

Binance is Selected as The First Exchange to List CND

Binance, the world’s leading and fastest growing cryptocurrency exchange is the first officially acknowledged exchange approved by the Cindicator team to add its CND token for trading. Cindicator, the developer of the infrastructure of Hybrid Intelligence for effective asset management, creates the social and technological infrastructure needed to make effective decisions under the conditions of the high uncertainty of the new economy. By combining a large number (more than 26,000 at the moment) of diverse financial analysts and a set of machine-learning models into a single system, Cindicator is developing a Hybrid Intelligence infrastructure for the efficient management of investors’ capital in traditional financial and crypto-markets. In accordance with its declared roadmap, Cindicator has now, two months after the successful completion of the token sale, released the first products based on the technology of Hybrid Intelligence. Listing the CND token on Binance Exchange provides effective access to the CND tokens for major hedge funds, analytical companies and traders who missed out on purchasing the token at the time of its initial sale. Binance currently serves crypto enthusiasts and investors from over 180 countries and is available in English, Japanese, Chinese, Korean, Russian, Spanish and French. The platform is accessible through a variety of platforms including Web, Android, iOS, PC and Mac. About Binance Binance is one of the fastest growing crypto asset exchanges in the world. Founded by a team of fintech and crypto gurus — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the market. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike. Please join Binance subreddit, follow on Twitter and subscribe to our Telegram group for more updates. This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

TD Ameritrade to Offer CBOE Bitcoin Futures

The Bitcoin futures market has been well-received by institutional investors so far. Although the trading volume may not be all that impressive yet, big things are expected in this regard. Moreover, it seems CBOE’s futures will be offered to more clients in the near future. TD Ameritrade will soon give its customers access to this new trading vehicle, assuming they adhere to a few specific guidelines. More Access to Bitcoin Futures is a Good Thing When the CBOE Bitcoin futures launched not too long ago, it became apparent very few people had access to this trading vehicle. A lot of institutions still do not allow their customers to access Bitcoin futures, although things are changing for the better. TD Ameritrade is one of the latest brokerages to offer Bitcoin futures beginning this week. That is a pretty significant development, to say the least. As of Monday, TD Ameritrade will grant specific clients access to CBOE Bitcoin futures. As one would expect, this new trading vehicle is still only accessible to people who have US$25,000 or more in their accounts. For most customers of TD Ameritrade, that will not be much of a problem, as the company focuses on accredited investors rather than the average person on the street. Interested parties must also put up a collateral of one and a half times the amount required by CBOE in order to trade Bitcoin futures. That is a rather unusual requirement, although it goes to show the institution doesn’t want people to spend money they cannot afford to lose. Whether or not this particular requirement will be a hurdle remains to be determined. What is perhaps the most surprising catch is that TD Ameritrade will not allow its users to access the competing CME Bitcoin futures for the time being. There is no indication as to whether or not the CME product, which launches today, will be made accessible at a later date, but it seems safe to assume that will be the case. TD Ameritrade’s managing director of futures trading JB Mackenzie commented as follows: Right now we are taking the same approach we did with the CBOE product, to wait and see how it goes. We want to watch that market open and become an orderly marketplace and see who the participants are in that marketplace. This is the same process we use with any new product. We want to see how the market reacts. Whether or not all this will be beneficial to the Bitcoin price remains to be seen. So far, the impact of Bitcoin futures has been rather minimal, although it is still too early to tell whether or not that situation will change over time. Moreover, there are still a fair few institutions which could provide customers with access to the CBOE futures, but it remains unclear if and when they will do so. All things considered, this is a positive step by TD Ameritrade, although it may not affect the wider market all that much.

Cardano Price Surges to $0.5 Thanks to Overnight Gain of 76% Over Bitcoin

It has been a rather interesting past few weeks for the Cardano cryptocurrency. Although most people still aren’t sure why this currency is around or why the Cardano price is so high, things are certainly firing on all cylinders. Thanks to more strong gains over the past 24 hours, we have seen the Cardano price surge to $0.50 once again. This also pushes the currency’s market cap all the way to $13bn, which is rather impressive. Cardano Price is Uber Bullish Although we have seen most altcoins rise in value throughout 2017, there are still a lot of questions when it comes to Cardano. For a currency few people seem to know anything about, it certainly has taken the industry by storm. Thanks to a lengthy period of solid gains since id-November, we now have a Cardano price of over $. 50. That is quite spectacular, especially when considering there are nearly 26 billion ADA in circulation right now. We can only commend new platforms which focus on smart contract technology these days. Although Ethereum is the go-to solution for this type of technology, Cardano thinks they can make a positive impact in this regard. At the same time, there are many established altcoins which offer said functionality, and smart contracts are coming to Bitcoin as well at some point. It will be quite a competitive ecosystem in a year or so from now, that much is rather evident. Regardless of how people feel about this altcoin, we can’t deny the Cardano price has gone through a massive value appreciation rally. The coin was worth two cents less than four weeks ago and has risen to $.50 ever since. It is evident the Cardano price shows a lot of signs of a pump, but only time will tell whether or not that is the case. Good money is to be made in this regard, which is what most people care about. No one will be surprised to learn Cardano also has a good amount of 24-hour trading volume right now. Over $900m worth of ADA changed hands during this time period, which shows people are genuinely interested in what this altcoin has to offer. Whether that is due to its technology or the net gains to be made through massive overnight gains, is anybody’s guess at this point. Most of this trading volume comes from the Bittrex exchange, which generates nearly 60% of all trades. Binance is also making a positive impact with 38.9% of all volume. It is quite interesting to see this currency be less popular in the fiat currency department, even though Coinnest is the only exchange offering that option. Then again, Coinnest isn’t the biggest Korean exchange under any circumstance. Still, a pretty interesting situation to keep an eye on moving forward. How all of this will play out for the Cardano price, remains to be seen. It is evident the price is mainly driven by speculation, just like all other cryptocurrencies and digital assets. However, in the case of Cardano, they will have to deliver on their promises fairly seen before people move on to the next coin to profit from. The currency has had a good run so far, but nothing will keep going up in value forever. Cardano will not be an exception in this regard.

Cardano Price Surges to $0.50, Up 76% Against Bitcoin

It has been a rather interesting past few weeks for Cardano. Although most people still aren’t sure why this cryptocurrency is around or why its price is so high, things are certainly firing on all cylinders. Thanks to more strong gains over the past 24 hours, we have seen the Cardano price surge to US$0.50 once again. This has pushed the currency’s market capitalization all the way to US$13 billion, which is rather impressive. Cardano is Uber-Bullish Although we have seen most altcoins rise in value throughout 2017, there are still a lot of questions when it comes to Cardano. For a currency few people seem to know anything about, it certainly has taken the industry by storm. Thanks to a lengthy period of solid gains since mid-November, we now have a Cardano price of over US$0.50. That is quite spectacular, especially considering there are nearly 26 billion ADA in circulation right now. We can only commend new platforms which focus on smart contract technology these days. Although Ethereum is the go-to solution in this regard, Cardano thinks it can make a positive impact. At the same time, there are many established altcoins which offer this functionality, and smart contracts will be coming to Bitcoin as well at some point. It will be quite a competitive ecosystem in a year or so from now; that much is evident. Regardless of how you feel about this altcoin, one can’t deny the Cardano price has recently undergone a massive rally. The coin was worth two cents less than four weeks ago and has since risen to US$0.50. The Cardano price shows a lot of signs of a pump, but only time will tell whether or not that is what is going on. Good money is to be made here, which is what most people care about. No one will be surprised to learn Cardano also has had a good amount of 24-hour trading volume. Over US$900 million worth of ADA changed hands during this time period, which shows people are genuinely interested in what this altcoin has to offer. Whether that is due to its technology or the profits to be made through massive overnight gains is anybody’s guess at this point. Most of Cardano’s 24-hour trading volume has come from the Bittrex exchange, which generated nearly 60% of all trades. Binance is also making a positive impact with 38.9% of all volume. It is quite interesting that this currency is less popular in the fiat currency markets, even though Coinnest is the only exchange offering such a trading pair. Then again, Coinnest isn’t the biggest Korean exchange by any means. How all of this will play out remains to be seen. It is evident Cardano’s price is mainly driven by speculation, just like all other cryptocurrencies and digital assets. However, in the case of Cardano, its team will have to deliver on their promises fairly soon before people move on to the next coin from which to profit. This currency has had a good run so far, but nothing keeps going up forever.

How the blockchain will secure your online identity? Here’s how a crypto startup is...

Identity verification is an unavoidable process for many public and private organisations such as banks, telecom, credit companies and more . And this process continues to become trickier and more complex despite being complemented by digitization. Or else why would people be spending half of their day just getting their passports renewed? Or why will they be spending their evening with customer care executives just to get a new phone number? The problem is we don’t have a choice, we are bound to follow the company rules,and company in turn are bound by its policies to verify the identity of their customers, thus costing us hours of our time. And this is not all… What we talked before was the process of offline verification. Let’s now talk about online verification. We agree that online identity verification saves time and tons of paper too. However, it has resulted in the rise of a much greater problem, Identity Theft, one which has had over 40 million victims in the U.S. alone so far. With the world supplying gigabytes of personal information across the internet in the name of identity verification, the web has turned into a ground for cyber criminals to maliciously use personal information according to their needs. Businesses acquire your personal information for authentication and store them either in the cloud or on their own personal server. This central system holding information then is compromised by hackers with the knowledge to extract it from this system. Once that is done, your information is out in the web world and being manipulated and used according to anyone’s and everyone’s personal agenda. Thus, it shouldn’t be surprising if you see someone holding a driver’s license in your name with exactly the same credentials as yours. You had shared your personal information with some third party on the web and it got compromised. Equifax – a credit reporting agency lost around $4 Billion as hackers were able to leak information of about $142 Million registered users. The solution? While we have been able to solve the problem of wastage of time and resources to a great extent by digitizing the KYC process completely, we haven’t been able to solve the problem of identity theft effectively so far. The best way to secure your personal information is to have this information under your own control. In the worst possible scenario, this data will only be compromised if someone gets access to your own personal device on which your information is stored. But how do I then get access to products and services without feeding them my details online? The solution is to design a system which instead of following an insecure, central server model follows a decentralized authentication mechanism. A system which doesn’t rely on any middleware/online server to verify your information rather directly establishes a link with you whenever or wherever any kind of verification is required. This way you remain in control of your personal information at all times and also do not need to travel everywhere just to get your identity verified. Working on this idea are a group of entrepreneurs in Vietnam who have designed VeriME – a digital identity verification platform operating on the blockchain. This platform performs KYC of customer digitally. By leveraging blockchain, AI and machine learning, it completes the KYC process seamlessly as well as securely. Customers need to create their profile once on VeriME application by submitting scanned copies of their official documents. Once this profile is verified by VeriME, it can be used to perform seamless verification and authentication with any of VeriME’s service providers like online merchants and insurance providers. User’s save time by not having to visit service provider’s place every time a need for verification arises. Service providers on the other hand get to save money, resources and manpower by using VeriME’s services. This way VeriME builds a safe and secure identity verification and authentication ecosystem where both the merchants and customers can carry out business without the need for any physical meeting or loads of document verifications. It would be exciting to see how the blockchain distributed ledger technology will be able to solve the problem which we all know does exist. VeriME’s ICO is also round the corner. For more details about the VeriME ICO, visit https://verime.mobi This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Portugal’s Finance Minister Confident Regulators Are Overseeing Bitcoin’s Impact

Mário Centeno, president of the Eurogroup and Portugal’s Finance Minister, recently stated that he’s confident European regulators are overseeing the “general picture,” when asked if he is worried about the potential impact of bitcoin on Eurozone’s financial stability. In an interview with Bloomberg, Centeno stated that European regulators, as well as other regulators throughout the The post Portugal’s Finance Minister Confident Regulators Are Overseeing Bitcoin’s Impact appeared first on CCN.

BitConnect Is Preying on New Investors

Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, seldom dipping below the top 20 coins, and seems to be continually growing. It’s clear that BitConnect, which promises daily returns of around 1% for users who “loan” money by locking it up in BitConnect’s systems for a predetermined period of time, is a blatant Ponzi scheme. However, the scheme, which disguises loans as funds used by a trading bot, has been very appealing to naive investors, as evidenced by the coin’s huge market capitalization of over US$2 billion and its longevity since the lending program began in January. The rise of this scheme can be attributed to its marketing strategy, which the team itself brands as “aggressive”. The strategy has two parts. The first is an affiliate system that offers huge and liquid rewards for users who recruit new members and convince them to loan their Bitcoin. Unlike the loan returns, these affiliate rewards are continuously paid out, so successful recruiters can make massive and guaranteed profits. As a result, several popular YouTubers have falsely advertised this Ponzi to thousands of subscribers as a life-changing opportunity. The second part of BitConnect’s strategy involves rallies and ceremonies in which people who bought in early share their life-changing experiences about how BitConnect made them rich, freed them from debt, and so on. For the uninformed investor, this all sounds like a wonderful opportunity. 1% daily payouts don’t seem too good to be true, and the idea of a trading bot generating profits seems plausible enough. However, beyond the obvious red flags, the scheme itself lacks substance and progress, further underlying the malicious nature of BitConnect. An obvious indicator is a quick comparison of the company’s 2017 road map with BitConnect’s GitHub activity throughout the year. While the road map offered (and claims it completed) over a dozen developments on the BitConnect code, there has been activity on just seven days out of the year, and on only three days since March. Unfortunately, the naive investors that this scam targets are unaware of what to look for in a legitimate cryptocurrency project, and don’t recognize the signs of a Ponzi scheme. In a Facebook private group for new cryptocurrency investors to which I was recently invited, BitConnect is talked about daily. While many members cite Steemit posts and other articles exposing BitConnect for what it is, many others share personal anecdotes of the profits they’ve made lending on BCC and encourage new investors to give it a shot. This group is just one of many, and it’s likely many of the communities dominated by new investors are having similar discussions about this scam. Unfortunately, it’s possible the nature of BitConnect won’t be made clear to all until it’s run out of new money and goes dark along with all the money the newest investors have loaned out.

HOT NEWS

- Advertisement -

RANDOM POSTS TODAY