Billionaire Bitcoin Investors Winklevoss Twins Dare JPMorgan CEO to Short BTC

In an interview with Fox Business, Tyler and Cameron Winklevoss have challenged JPMorgan CEO Jamie Dimon to short bitcoin on the futures market if he remains confident that bitcoin will fail in the long run. “We’ve been working really hard to give Jamie Dimon an opportunity to short bitcoin, and anybody who says that you The post Billionaire Bitcoin Investors Winklevoss Twins Dare JPMorgan CEO to Short BTC appeared first on CCN.

The SmartHoldem ICO is Live – Establishes a New Paradigm in Online Poker Gaming...

SmartHoldem is an independent, zoomed gaming platform with a set of protocols to ensure the integrity and reliability of data storage, where all network members do not need to trust each other or anyone. The platform is secured by a reliable distributed database with the latest encryption and data verification technologies.Sochi, Russia, December 17, 2017, The SmartHoldem ICO ushers in a new paradigm in how people will approach online gaming forever. The entire concept of playing poker in online poker rooms is changed. Imagine owning a share in a large Casino and reaping a share of the profits. This is exactly what is the plan for token holders of the SmartHoldem Poker Platform. No longer will the game be controlled by a few powerful people who can manipulate the numbers. Now, a new era of fairness is the result of incorporating blockchain technology into the online poker arena.A special SmartHoldem Blockchain has been developed which prioritizes privacy, high-speed, security, and true decentralization. This creates a platform owned by everyone and controlled by everyone. No need to rely on third party controllers. They intentionally created this from the ground up to be a stable, progressive BlockChain to generate SmartHoldem tokens, thus eliminating the problems of Bitcoin and later systems and providing additional native functions of the decentralized GameClient, P2P gaming network and new technologies.The SmartHoldem Blockchain Main Features: Fast Transactions: Thousands of transactions per second. Reliability and Safety: All operations are protected by cryptographic algorithms and blockchain. Popular Dev Languages: Write plug-ins and services in the ecosystem in any programming language. Scalability: Unlimited scalability in speed and functions. The SmartHoldem Gaming Platform Features Everything you wanted to see in the gaming era of the future: Trading Platform: Quick and convenient exchange of assets and game items. Multiplayer Integration: Network of platform servers, connect your games to decentralized gaming servers. Global Game Client: All your games in a single game client. Rapid Transactions: BlockChain supports thousands of operations per second. Gaming Studios: Simple integration of game developers into the ecosystem. Advanced API and SDK. Multi-Monetization: The platform supports various types of monetization for developers and investors. Cross Platforms: Develop games for all popular gaming platforms with SmartHoldem: XBox, Android, *Nix, Mac OS, IOS, Sony PS, Win. Develop Games in Popular IDES: Support modules for popular gaming IDE Unity 3D 5 & Unreal Engine 4. Connect your games without intermediaries. While many ICO’s are launched on a hope and a dream, SmartHoldem has industry experience and working prototypical GameChains and Algorithms to integrate with privately developed blockchain technology. The ROI for token holders has the possibilities of reaching new heights because this is a self-perpetuating crypto ecosystem. This is the time to get involved and be part of a new generation of online gaming platforms. Soon, it will be too late and the only place to buy the SmartHoldem Tokens will be on an exchange. Do not procrastinate. For complete information: https://smartholdem.io/ View the SmartHoldem Whitepaper here. Media Contact: SmartHoldem Attn: Media RelationsMorport 24 Sochi, [email protected] ICO Press Release Distribution by: http://ico-prmarketingservices.com 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.

First Atomic Swap Between Bitcoin Cash and Komodo Is a Success

Atomic swaps have become quite popular in the world of cryptocurrency. That is to be expected, as this concept removes the need for centralized exchanges altogether. One of the biggest challenges to overcome is finding ways to trade value across different blockchains which may not be natively compatible with one another. The first atomic swap between Bitcoin Cash and Komodo has now been completed on the BarterDEX platform. A Successful Bitcoin Cash Atomic Swap In the world of atomic swaps, one would expect most of these trades to occur with Bitcoin. After all, the main reason centralized exchanges are so popular is that they allow users to exchange Bitcoin for various altcoins and vice versa. If this method were to become obsolete and value could be exchanged directly, the cryptocurrency ecosystem would be much better off. There is still a lot of work to be done before we see such atomic swaps at the protocol level, though. Moreover, it seems solutions such as BarterDEX aren’t too keen on using Bitcoin for atomic swaps in general. The company is dropping all Bitcoin support in this regard, as the high fees and slow confirmation times make the entire concept of atomic swaps nearly impossible. Bitcoin Cash is of greater interest to the team, and the first atomic swap involving BCH and Komodo has been completed successfully. This is a big milestone for the team and the involved cryptocurrencies, as it shows exchanging value directly is certainly possible. In this atomic swap, the buyer used KMD to buy Bitcoin Cash using BarterDEX, and the trade was completed in short order. A lot of new opportunities are waiting to be explored, and it seems both BarterDEX and Komodo will play a big role in the future of atomic swaps. Not too long ago, we also saw Litecoin get involved with on-chain atomic swaps, although those trades did not involve BarterDEX. For users, atomic swaps introduce a lot of positive changes. First of all, there are no verification processes required to convert various cryptocurrencies, as there is no centralized exchange overseeing things. Although this will undoubtedly attract the attention of cybercriminals as well, it also allows all enthusiasts to use cryptocurrency as it was meant to be. This entire ecosystem focuses on decentralization; thus, it makes no sense to rely on centralized trading platforms whatsoever. It will be interesting to see how this successful trade affects the Bitcoin Cash ecosystem. Although still an altcoin compared to Bitcoin, it is evident this particular ecosystem has seen a lot of growth and many positive developments. Assuming BCH can become an integral part of cryptocurrency atomic swaps, its future certainly looks a lot more interesting than it did before. Especially now that BarterDex may be dropping Bitcoin support altogether, it’s worth keeping an eye on these developments. Anyone can see the cryptocurrency industry is maturing and finding its own ways to move and exchange value all over the world. With exchanges enforcing strict KYC and AML rules, it is only normal that people will look for alternatives. Decentralized exchange solutions and atomic swaps are clearly the way to go in this regard. It may still take a few years until this technology is widely used, but for now, its progress is pretty promising.

Indian Financial Watchdog Sebi Will Crack Down on Illicit ICOs

Initial coin offerings have always been a contested business model. It makes sense for companies to raise money this way. […] The post Indian Financial Watchdog Sebi Will Crack Down on Illicit ICOs appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

trade.io Enters Into Landmark Agreement to Purchase U.S.A. Regulated Broker Dealer

Zug, Switzerland, December 17, 2017, Upcoming ICO, trade.io has entered into a Memorandum of Understanding to purchase a New York City based broker/dealer (“BD”). The BD is currently registered with the Financial Industry Regulatory Authority (“FINRA”) and the Securities and Exchange Commission (“SEC”). The purchase will be subject to regulatory approval by FINRA under Rule 1017 among other reasonable and customary conditions and terms. Once FINRA has provided its consent and the transaction has been completed, trade.io intends to use the existing, and eventually expanded, business lines of the BD to operate its contemplated U.S. oriented investment banking services in a regulatory compliant manner. The move to purchase the US based entity comes on the heels of news that trade.io would be listed on the industry giant HitBTC exchange. The company also confirms that the acquisition was not financed by any funds from the PRE-ICO, of which close to $12 million was raised. CEO, Jim Preissler commented on the major announcement, “As the trade.io community and the rest of the blockchain community has realized, we are very aggressive when it comes to preparing to execute on our initiatives. We are simply not waiting for our ICO to be over to start moving, we are and have been making strategic moves for months now.” On the regulation in the US, VP of Capital Markets for trade.io, William Heyn added, “Being able to conduct trade.io’s business in the United States in a regulatory compliant manner is critical. The broker/dealer will afford us with tremendous opportunities and unlock many sources of revenue potential.” According to the terms of the MOU trade.io and the BD will work jointly towards the execution of a definitive Purchase & Sale Agreement. trade.io ICO is scheduled to start on December 7th, and has already amassed over 4,000 participants and close to $12M in PRE-ICO participation. Trade.io democratizes the markets and saves money for investors and companies through reducing and eliminating the tremendous fees and inefficiencies by utilizing its innovative Blockchain trading platform. The trade.io exchange not only supports trading of multiple asset classes, but a more efficient listing of assets in the crypto economy under the indelible & trusted history that the Blockchain provides. Media Contact: trade.io Attn: Media Relations Bahnhofstrasse 21 6300 Zug, Switzerland +41 43 508 1834 [email protected] Press Release Distribution by: http://ico-prmarketingservices.com 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.

How Does Ripple’s Lockup of 55B XRP Work Exactly?

Ripple has made a lot of media headlines over the past few months. Not only is its native XRP asset surging in value as we speak, but the company is making inroads in the financial sector as well. Perhaps the biggest news of the past week is that the company locked up 55 billion XRP in escrow. It seems there is still some confusion as to how this will work exactly. Now is a good time to go over the details of this move and what it means for the future of both Ripple and XRP. A Closer look at the XRP Escrow Most cryptocurrency enthusiasts have taken a genuine dislike to Ripple and its XRP asset. It is often labeled as a digital banker coin, mainly because Ripple focuses on the financial sector rather than on making it obsolete. That being said, the project has a lot of merit, and banks all over the world have shown great interest in what the team has to offer. With XRP, real-time global payments may finally become a reality. Even though Ripple’s asset is not a cryptocurrency, it is listed on a fair few cryptocurrency exchanges. It can be bought and sold in exchange for fiat currencies, Bitcoin, and so forth. This also means the value of XRP is subject to massive price fluctuations, although there has been a certain degree of stability over the past few months. However, one thing a lot of people have worried about is when the remaining XRP supply would be brought into circulation. More specifically, the circulating supply of XRP is just over 38 billion tokens. The total supply is 100 billion XRP. This discrepancy has worried a lot of investors and speculators. Especially considering that 55 billion XRP is controlled by the Ripple team, people were worried the tokens would get dumped across exchanges at the highest possible value. To counter those concerns and to provide additional predictability to the XRP supply, the Ripple team had announced they would lock up these 55 billion tokens in escrow at some point in 2017. That lockup finally happened earlier this week. All 55 billion tokens have been locked in a series of escrows, which can be verified through the company’s ledger. Every independent escrow contract contains one billion XRP, which means there are 55 such contracts on the ledger right now. Every month, one of these contracts will be released. This means one billion XRP will be freed up each month, though they will not be sold across exchanges. Instead, the tokens will be offered to partners and interested parties at market price. Should a portion of the freed-up funds remain unsold, they will be put back in escrow and moved to the back of the queue. It is likely the amount of XRP brought into circulation each month will be far less than one billion, although it remains to be seen how Ripple’s partners respond to these offerings. The escrow itself uses multisignature security to ensure no unauthorized transactions can take place. All things considered, it is a smart decision to use escrow-based solutions to lock up these 55 billion XRP. It means the funds will be kept off cryptocurrency exchanges while the team continues to expand their reach on an international scale. Moreover, it seems there is no limitation as to how long these contracts can remain in escrow, as the unsold amounts will simply be put back in the system.

SonoCoin Rocks The Cryptocurrency World With ICO Launch & Release Of The First Ever...

As Cryptocurrency trading and the launch of new ICO’s reach a fever pitch, it will become crucial to identify and separate the winners from the losers. With the launch of the first Audible Cryptocurrency that is Blockchain enabled, SonoCoin is positioning itself as a pioneer in the world of Digital Currency trading. Geneva, Switzerland – Dec 17, 2017, SonoCoin has made global headlines this week with the announcement and launch of an ICO based on a new type of cryptocurrency. The SonoCoin solution is similar to Bitcoin’s peer-to-peer value transfer, with an improved user-friendly platform similar to PayPal. Whereas all other cryptocurrencies are numbers based, SonoCoin is a digitally encrypted audio file that operates on a proprietary blockchain system, using the Proof-of-Stake (PoS) protocol to verify transactions. The SonoCoin audio file is a sound interpretation of a code that can be recognized and recorded by any device that reproduces sound. Many other companies offer applications or services through decentralized blockchains, however the bulk of those companies use features that result in higher costs to the end user. (e.g. smart contracts, enhanced anonymity). SonoCoin offers a superior solution and is the first cryptocurrency to transact via encrypted audio files, putting money back in the pockets of end users. SonoCoin network fees will be approximately 0.5% on total transactions, making it extremely attractive to businesses including the payment processing industry, gaming industry, online gambling industry and advertising industries, just to name a few. The stellar team at SonoCoin consists of asset managers with decades of combined experience, engineers, coders and blockchain specialists. The SonoCoin project began in early 2016 and will soon be launched in Geneva by a software development team with extensive expertise in blockchain technology. A team of engineers, each with deep knowledge in blockchain as well as the communications industry, remains actively engaged in research to advance the SonoCoin ecosystem and secure the necessary intellectual property to sustain SonoCoin’s longterm competitive advantage. The vast blockchain experience from the SonoCoin team has allowed them to introduce unparalleled features to the platform including enhanced safety features, wallet free storage and the ability to store SonoCoins as a regular file. According to the company spokesperson, “SonoCoin is unlike any other Cryptocurrency in the world. Unlike other cryptocurrencies that rely on traditional forms of blockchain transfer, SonoCoin can be sent through all channels like Messenger, Social Networks and email services. SonoCoin can even be sent through an audio signal.” He went on to say, “It took a substantial amount of time, money and expertise to develop this unique and cutting edge technology. We are pleased that early investors are recognizing this ICO as an opportunity to get in on the ground floor of something truly exciting.” The SonoCoin ICO has already opened for Pre-Sale and during this period only 15 million coins are available for purchase at a price of $1.25 per coin. Pre-Sale is scheduled to close on December 13th 2017 at which time the cost of each SonoCoin will increase. The SonoCoin ICO will then launch for public investment on January 20th 2018 at a cost per coin of $2.00. Early investors are encouraged to buy in during Pre-Sale as most profits are made after the ICO hits the exchange for public trading. To learn more about this ICO or the first Audible Cryptocurrency, visit their official website at https://sono.money or download their Whitepaper directly by clicking here. Media Contact: SonoCoinAttn: Media Relations Geneva, Switzerland Ph: +41(0)[email protected] ICO Press Release Distribution by: http://ico-prmarketingservices.com 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.

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.

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