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XMR

Monero [XMR] experiences steep decline in hashrate; community delighted

The significant downfall in the hashrate of Monero [XMR] made headlines in the crypto world. After the hard fork, the hashrate has experienced a conspicuous fall, Bitinfocharts reported. Monero [XMR], which happens to be a privacy coin, is in the tenth position in the list of all cryptocurrencies. Meanwhile, the downfall made the Monero community members get excited. One of the crypto enthusiasts has commented on this event, “Monero has won its first battle with ASICs”. The underlying reason that prompted the hard fork was the concern among the community members regarding the upcoming centralization of the token. See also: Coinhive generates around $240,000 worth of Monero [xmr] each month On April 6, 2018, Monero [XMR] saw its division into Monero Classic [XMC], Monero Original [XMO] and Monero V [XMV]. For the purpose of mining Monero [XMR], Bitmain has launched its new product called Antminer X3. The former company is known to be the biggest in terms of Bitcoin mining and the largest producer of ASIC chip.

Comment of Riccardo Spagni, the Monero creator

The development caused fear among the members of the community that in case the product experiences a mass adoption, then certainly, Monero [XMR] would be centralized. Thus, the founder of Monero, Riccardo Spagni, would go to any extent and “do everything in his power” just to oppose the proliferation. In April 2018, 50-60 percent of hashrate of Monero [XMR] has experienced an upsurge. For this rise in hashrate, Bitmain was held responsible for carrying out mining activities, secretly. However, most of the people echoed the same tune that the secret mining activities were done by Botnets and that the manufacturers cannot be associated with such acts. See also: Symantec’s dramatic step mining Monero establishes the needless expense of crypto mining  The creators of crypto botnets can generate millions by attacking and infecting the devices secretly all over the world. The prevention to such resistance is undertaken by Monero’s execution of new strategy. The newly framed strategy is known as Anti-ASIC Hard Fork or AAHF that alters the mining algorithm present on the blockchain such that the old fails to conduct mining, effectively.

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5 min
「ハイパフォーマンスな技術ではない」:ブロックチェーンのサプライチェーンへの活用に慎重な見方

サプライチェーン分野にブロックチェーンを活用する動きについて、「ハイパフォーマンスなぎ技術ではない」と慎重な声がCNBCで紹介された。

6 min
Bank Laundered $234 Billion in the Biggest Banking Scandal in Europe Since 2008

Denmark’s biggest bank has revealed in an internal investigation report that the vast majority of €200 billion ($234 billion) worth of transactions were “suspicious.” Danske Bank does not further clarify,…

6 min
Ethereum Could Take Half of Bitcoin’s Market Share in Five Years: Analyst

The Money Makers Club now has 6 of 15 available seats. Learn more here! Advancements on the Ethereum blockchain could see bitcoin lose half its market share over the next five years, according to technology analyst Ian McLeod. Bitcoin vs. Ethereum Despite falling to 16-month lows, the Ethereum blockchain is poised for a strong rebound […]

hacked.com
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14 min
One More Financial Giant Won Over by Ripple: American PNC to Adopt xCurrent

xCurrent developed by Ripple will be used by PNC Treasury Management to speed up processing of cross-border transactions.

15 min
LTC
There’s a ‘Concerted Effort to Suppress Litecoin Price,’ Says Charlie Lee

Litecoin creator, Charlie Lee, took to Twitter, complaining about recent efforts to “suppress Litecoin price” with FUD spreading by those “shorting LTC Litecoin creator, Charlie Lee, took to Twitter, complaining about recent efforts to “suppress Litecoin price” with FUD.

15 min
BTC
The $234 Billion Money Laundering Case at Danske Bank’s Impossible in Bitcoin Ecosystem

Danske Bank has been accused of money laundering $234 billion.This scale won’t be possible in the Bitcoin ecoystem due to blockchain and regulations

newsbtc.com
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16 min
Explore the Major Expansion of the DasRoadmap

If you were to look at the DasCoin roadmap, known as DasRoadmap, in late July 2018 and again in August 2018, you would notice some significant updates. CEO Michael Mathias announced on the 9th August 2018 that the DasRoadmap had significant updates and the latest version was now available on the project’s website. The updated…

18 min
BNB
Binance Is Spreading All Over the World

Binance is already the largest cryptocurrency exchange with the biggest trading volumes, as stated on the CoinMarketCap, but its CEO, Zhao Changpeng, is

21 min
BTC
Documentary “Bitcoin Girl” Shows One Can Live in China Using Bitcoin

The swift increase of mobile payment services such as Alipay and WeChat Pay has empowered China’s largest cities to transmogrify into cashless communities, allowing consumers to use their smartphones to pay for many goods and services ranging from all sorts of transport and meals to foot massages and movie tickets.

coinidol.com
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25 min
BTC
Australia’s regulatory watchdog targets ICOs and crypto-funds

Australia’s financial watchdog is conducting a thorough investigation on initial coin offerings (ICOs) and other crypto funds that offer services to retail investors. The regulatory body, the Australian Securities and Investments Commission (ASIC) has citedcontinuous problems” and hence aims to verify the operations and eventually shut down several ICOs that maliciously extract funds from retail investors. ICOs operate freely in Australia, there is currently no law either banning them or restricting their conduct, but there remains ambiguity about their workings. However, the ASIC has listed three main problems with the ICOs, the utilisations or statements that are “misleading or deceptive” for the purpose of selling and marketing, conducting operations under an “illegal unregistered managed investment scheme”, and not procuring a domestic financial services license. The ASIC goes on to say that the above points, “involves significant risks for investors.John Price, ASIC’s Commissioner said, ”If you raise money from the public, you have important legal obligations. It is the legal substance of your offer – not what it is called – that matters. You should not simply assume that using an ICO structure allows you to ignore key protections there for the investing public and you should always ensure disclosure about your offer is complete and accurate.” This is not the first time that Australian ICOs have had a run-in with the regulator body. In April 2018, the ASIC prevented ICOs from raising funds if they failed to comply with the necessary investor protection protocols. The ICOs, in this case, have been on an indefinite hold, following restructuring they will be subject to adhering to the legal requirements. The ASIC has issued several warnings to the Australian investors with reference to the “highly speculative investments” of the ICOs and have advised them to consult with their financial guide, Moneysmart. Moneysmart has a warning about ICOs in which it tells the investors to do their due diligence regarding the coins and the ICOs before pledging their money, adding, “you could lose a lot of money if you buy into an ICO without doing your research first.” “ICOs are speculative, high-risk investments. Many ICOs are for projects that are experimental, are at a very early stage of development or may not have even started yet. As a result, some projects may take years before they become commercially viable, if at all. A large number of ICOs fail or do not increase in value” added ASIC’s financial guide Moneysmart. In 2017, the ASIC configured guidelines on ICO’s raising of funds to once again remind them about their obligations prior to any token issuances. ASIC said at the time, “ASIC recognizes that ICOs have the potential to make an important contribution to the options available to businesses to raise funds and to investment options available to investors.” Back in April, the commissioner John Price said that ICO operates in a “key space” in the crypto-market and hence falls within the paradigm of the regulatory body. He further added that they will keep an “open mind” when it comes to innovations in the financial world, but “basic consumer protection” is something that they strive for and will be their foremost priority. See also: KuCoin sails to new market; helps Bitcoin Australia in global expansion See also: Australian blockchain start-ups attend trade mission in China

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28 min
FunFair (FUN) Perks Up after Launch of First Licensed Casino

FUN prices have rallied on news of the first legalized FunFair-powered casino.

28 min
Japan’s Zaif Crypto Exchange loses about $59.7 Million in Fresh Hack

The continuous news of hacking of cryptocurrency exchanges has grown this year when compared to previous years in the cryptocurrency

zycrypto.com
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30 min
米金融大手PNCがリップルネットに加入、クロスボーダー決済の高速化に期待

米10大銀行のPNCは、国際送金にリップルのブロックチェーンソリューション、 xCurrentを導入することを発表した。

30 min
Brazil Moves to Probe Banks After Crypto Exchanges Denied Services

Brazil’s antitrust watchdog is investigating major banks for potentially collaborating to prevent crypto brokerages from gaining banking services.

coindesk.com
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Coins

#
FAV
NAME
PRICE
Portfolio
1H
24H
7D
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1
Bitcoin
BTC
$ 6 428.21
$ - - - - -
( - - - - - )
Set your amount
OK
+0.36%
+1.47%
-0.50%
2
Ethereum
ETH
$ 210.39
$ - - - - -
( - - - - - )
Set your amount
OK
+0.79%
+1.12%
+7.63%
3
XRP
XRP
$ 0.347249
$ - - - - -
( - - - - - )
Set your amount
OK
+6.56%
+8.21%
+26.42%
4
Bitcoin Cash
BCH
$ 430.94
$ - - - - -
( - - - - - )
Set your amount
OK
+1.22%
+0.66%
-3.03%
5
EOS
EOS
$ 5.26
$ - - - - -
( - - - - - )
Set your amount
OK
+0.76%
+4.38%
+3.00%
6
Stellar
XLM
$ 0.209311
$ - - - - -
( - - - - - )
Set your amount
OK
+1.50%
+1.63%
+1.70%
7
Litecoin
LTC
$ 54.43
$ - - - - -
( - - - - - )
Set your amount
OK
+0.86%
+2.37%
+1.75%
8
Tether
USDT
$ 1
$ - - - - -
( - - - - - )
Set your amount
OK
+0.10%
-0.05%
+0.22%
9
Cardano
ADA
$ 0.072921
$ - - - - -
( - - - - - )
Set your amount
OK
+1.62%
+2.51%
+7.43%
10
Monero
XMR
$ 112.03
$ - - - - -
( - - - - - )
Set your amount
OK
+0.70%
+3.02%
+0.97%
11
Dash
DASH
$ 191.59
$ - - - - -
( - - - - - )
Set your amount
OK
+1.30%
+1.31%
+0.43%
12
IOTA
MIOTA
$ 0.530765
$ - - - - -
( - - - - - )
Set your amount
OK
+0.43%
+0.67%
-6.85%
13
TRON
TRX
$ 0.020148
$ - - - - -
( - - - - - )
Set your amount
OK
+0.68%
+2.84%
+3.63%
14
Ethereum Classic
ETC
$ 10.75
$ - - - - -
( - - - - - )
Set your amount
OK
+0.76%
+2.69%
-1.98%
15
NEO
NEO
$ 17.24
$ - - - - -
( - - - - - )
Set your amount
OK
+0.32%
+1.18%
-5.47%
16
Tezos
XTZ
$ 1.52
$ - - - - -
( - - - - - )
Set your amount
OK
+0.47%
+0.89%
+17.60%
17
Binance Coin
BNB
$ 9.66
$ - - - - -
( - - - - - )
Set your amount
OK
+0.27%
+1.32%
+1.37%
18
NEM
XEM
$ 0.086337
$ - - - - -
( - - - - - )
Set your amount
OK
+0.84%
-2.12%
-3.98%
19
VeChain
VET
$ 0.013195
$ - - - - -
( - - - - - )
Set your amount
OK
+0.28%
+1.12%
-5.32%
20
Dogecoin
DOGE
$ 0.005690
$ - - - - -
( - - - - - )
Set your amount
OK
+0.59%
-0.17%
-12.81%
21
Zcash
ZEC
$ 113.56
$ - - - - -
( - - - - - )
Set your amount
OK
+0.48%
+1.26%
-0.88%
#}