Weekly Overview: Crypto News

05-January- 2020

Ethereum Block Time Reduced By 25%

The average block time on the Ethereum blockchain reduced by almost a quarter after the mining difficulty was eliminated.

Data stated on Ethereum block explorer Etherscan demonstrates that from Jan. 1 to Jan. 4, the daily average block time on the blockchain reduced from 17.16 seconds to 12.96. This translates to a 24.48% shorter block time.

06-January- 2020

Bill To Study The Benefits Of Implementing Blockchain In The Election System

The United States Virginia State’s legislature is looking into studying Blockchain to improve the election and voting systems. The bill to look into the study of blockchain was prefiled on the 27th of December, 2019 and was up for offering on the 8th of January, 2020, the House of Delegates and the Senate concurred that the Department of Elections is requested to study the use of blockchain technology to protect voter records and election results.

The department will also have to determine whether the costs and benefits of using blockchain technology outweigh those of traditional registration and election security measures. The department is also expected to make recommendations on how to implement the technology.

07- January- 2020

Binance Charitable Foundation’s Donations to Australian Bushfires

In a January 7th blog post, Binance Charitable Foundation announced the launch of a new charity project aimed at addressing the aftermath of the Australian Bushfires.

The Binance Charity Foundation (BCF) is donating $1 million worth of Binance’s native currency — BNB tokens to the Australia Bushfire Donations project.

Since the Australia Bushfire Donations is a blockchain-based initiative, it ostensibly ensures that all BNB donations and distribution will be open to the public for verification. BCF has stated that it intends to reach out to multiple local organizations that are working towards the cause, in order to pass on donations received.

08-January-2020

Directors Of An Alleged Pyramid Scheme Stand Trial

Two directors of an alleged pyramid scheme– Dunamis Coins, appeared before a court in Uganda on Monday the 6th of January, 2020 to face 65 counts of obtaining money under false pretences.

The Observer reported on 8th January, 2020, stated that the prosecutors had logged over 4,000 complaints against Dunamiscoins Resources Ltd., a suspected fraud that ran its course between Feb. 2018 and Dec. 2019, before collapsing. Inquiries are reportedly still ongoing.

The suspects reportedly plead not guilty and both directors have now been remanded in Luzira prison until the 22nd of January, 2020.

09-January-2020

Bitcoin’s Bull Bias Intact Despite 6% Pullback

Bitcoin has pulled back from multi-week highs, but is still soaring in bullish territory above key support near the $7,600 mark.

The number one cryptocurrency is currently trading at $7,910 — down 6.5 percent from the seven-week high of $8,463, based on CoinDesk’s Bitcoin Price Index (BPI).

The pullback commenced during the U.S. trading hours on Wednesday with gold and other safe havens trailing ground on easing of geopolitical tensions.

10- January-2020

Canada’s DMG Blockchain Installs 1,000 New Bitcoin Mining Rigs

As Per a Press Release on the 6th of January, 2020, the tech company has bought 1,000 new miners from a Chinese mining giant, that have been installed in Christina Lake mining-as-a-service facility in British Columbia, for one of its US clients.

11- January-2020

North Korean Hackers Modify Crypto-Stealing Malware

Lazarus Hacker group, of North Korea has doubled down its efforts to affect both Mac and Windows users’ computers. The group had been using a modified open-source cryptocurrency trading interface called QtBitcoinTrader to deliver and execute malicious code in what has been called “Operation AppleJeus,” as Kasperskyreportedin late August 2018. Now, the firm reports that Lazarus has started making changes to the malware.

ADVANTAGES OF CRYPTOCURRENCY

The world is becoming more and more economically unsafe. This is not to say we are not growing. But as Nassim Taleb states in his book. Antifragile. Our economic mechanism is like a glass jaw. It all comes booming down when it gets hit with a small blow. Both long term and short term this is not good for you and all of the hard-working inhabitant of the world, so investing in cryptocurrency is the best option we have. Here are some of the advantages of cryptocurrency that one should keep in mind:

advantages of crypto,cryptowallet,xceltoken,digital currency,cryptocurrency market

Fraud: Cryptocurerncy is digital and cannot be forged or upturned arbitrarily by the sender, as with credit card back charges.

Identity Theft: When you give your credit card to a business, you give the business the admission to your full credit line, even if the transaction is for a small amount. Cryptocurrency use a “push” mechanism that lets the cryptocurrency holder to send precisely what he or she wants to the business or receiver with no further data.

Immediate Settlement: Purchasing real property characteristically involves a number of third parties (Lawyers, Notary),delays, and payment of fees. In numerous ways, the bitcoin/cryptocurency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts is intended and enforced to remove or add third party endorsements,reference exterior facts, or be finished at a future date or time for a fraction of the expenditure and time required to complete traditional asset transferences.

Access to Everyone: There are about 2.2 billion persons with access to the Internet or mobile phones who don’t presently have access to traditional exchange platforms. These persons are primed for the Crytocurrency market.

Lower Fees: There aren’t typically transaction fees for cryptocurrency exchanges as the miners are remunerated by the network. Even though there’s no bitcoin/cryptocurrency transaction fee, several expect that most users will involve a third-party facility, such as Coinbase, making and maintaining their own bitcoin wallets. These facilities act like Paypal does for cash or credit card users, offering the online exchange structure for bitcoin, and they are likely to charge fees.

With all these advantages of cryptocurrency in mind find a suitable currency to invest in and trade in cryptocurrency in order to make sure that you reap the benefits of this form of currency transaction and trade.

XcelToken Plus The Future of Cryptocurrencies

With a size of USD 8.27 trillion global economy, the travel industry is one that see a steady upward growth adding to an already existing revenue of about USD 1.34 trillion. Like any other industry, this too has its own shortcomings, with fluctuating currency values, the everchanging policies of various countries, travel for pleasure and for business can be affected. One point of concern for every traveller is exchange of currencies and the hassle that comes along with it. It is true that one can use digital wallets and credit cards, but these payments may incur the traveller an additional cost that can be avoided with the use of cryptocurrencies.

Cryptocurrencies are becoming a favourable medium of exchange, during travels as they do not adhere to global norms that traditional currencies are subjected to, making transactions cheaper and expensive destinations far more reachable to a larger audience. The future of cryptocurrencies is essentially in the regularization of the use of digital wallets that support these transactions that make travel, simple and secure as cryptocurrencies make transactions between two or more parties, trustworthy.

Multiple countries, such as South Korea, Australia, Finland and so on, have currently taken a fancy into assimilating day to day cryptocurrency usage and are actively working towards the regulation of cryptocurrency, that affect the market, but also enable the blockchain boom, making it the best time to invest in cryptocurrencies and for cryptocurrency users to travel to Crypto-friendly destinations.

You can now use XcelToken Plus, a utility token with multiple use-cases, to book your travels on XcelTrip and make sure that the future of cryptocurrencies is bright.

Cryptocurrency Trading for Beginners

Before you select a broker and try out various exchange/ trading platforms, there are a few forthright things to get your cranium around first. Understanding and tolerant of these three things will give you the best chance of succeeding when you step into the cryptocurrency trading field.

Find out what’s growing – Bitcoin, Ethereum and Litecoin top the list for tradability and ease of use. However, there are also Zcash, Das, Ripple, Monero and several more to keep an eye on. Do your homework and find out what’s on the up and focus your attention there.

Embrace volatility – Cryptocurrencies are superbly volatile. The price of Bitcoin, for example, went from $3,000 down to $2,000 and then leapt up to nearly $5,000, all in three months in 2017. While this means risk is high, it also means the potential for profit is great too. It’s always sensible to check the volatility of the exchange you decide to go with.

Understand blockchain – You don’t need to understand the technical complexities, but a basic understanding will help you respond to news and announcements that may help you predict future price movements. It is principally an incessantly growing list of secure records (blocks). Cryptography safeguards the interactions and then stores them publicly. They aid as a public ledger, cutting out mediators such as banks.

These are all the points that you need to know if you are just beginning cryptocurrency trading with your XcelToken Plus.

XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 perfect cryptocurrency trading platforms

Pros of Investing in cryptocurrencies

Whether you have an important amount of investment or a little bit of extra cash, cryptocurrency is an investment value looking into. Here are a few of the pros of investing in cryptocurrencies ICO:

Pro No. 1: Massive potential for returns.

One of the data that makes everyone deliberate investing in cryptocurrency is that $1,000 invested in Bitcoin in 2013 would be worth over $400,000 today. Current ICOs have created an amount of enormous returns in a short amount of time.

Pro No. 2: Shorter time horizon.

Since cryptocurrencies are network-based and Datum has previously received a upsurge of support, stakeholders know it is prospectively that they can begin cashing out their assets comparatively quickly.

Pro No. 3: Increased liquidity.

If a cryptocurrency ICO is able to construct a solid adequate network, such as the 56,000-member Datum network, investors instantly have much more liquidity and can trade their cryptocurrency for ether or dollars almost immediately.

Pro No. 4: Clear direction for execution.

With a cryptocurrency ICO, when you capitalize you know precisely what the network does and will be doing. As such, you are able to more precisely assess the product–market fit for the platform, and can use that insight to regulate your investment.

Pro No. 5: If you invest in a utility token like XcelToken Plus, then you can use it to make everyday transactions. XcelToken is adopted into usage on XcelTrip– an online travel booking platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency.

If these pros of investing in cryptocurrencies has swayed you into investing in crypto assets then invest in XcelToken Plus which allows do more than trade.

XcelTokens now on MERCATOX!

XcelToken is an ERC20 token on the Ethereum Blockchain Platform that is created to build, engage and foster a large crypto-community within the hospitality, retail and gaming sectors. With more than 100,000 token holders, XcelToken is now getting an upgrade. XcelLab is proud to announce that XcelToken will now be available for trading on MERCATOX from the 15^th of May, 2019. To know more about MERCATOX, keep reading on.

MERCATOX

MERCATOX is a unique creation in the world of digital money, based on multi-lingual platform, that combines automated trading, payment service, Peer-to-Peer sharing based on “smart contracts” and many other features. They plan to provide not only services with different abilities, they also want to create a new financial market in the digital world. They connect all the n-number of electronic money systems on one single platform.

XcelToken is adopted into usage on XcelTrip– an online travel booking platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency. The token will also be adopted into multiple use-cases soon.

Get excited and sign up to the above exchange to start trading the new and improved XcelToken from the 15^th of May, 2019. More information to follow….

Thank you for your patience and Understanding.