A research which studied user data leaks from cryptocurrency exchanges has revealed that Americans are the main targets for cryptocurrency hacks.
- Crypto ecosystem needs users who utilize tokens for its intended purpose
- Fads like CryptoKitties is essential for adoptions
- Governments vs Cryptos
- Proof of Stake vs Proof of Work
- On NYSE’s new Bakkt platform
The first thing blockchain enthusiasts engage with when they hear about a new blockchain startup is its landing page. Here, they should find links to all the important documentation that relates to the project, such as a white paper, a one pager, and a presentation.
[Note: This is a guest article submitted by Nick Evdokimov]
All of these are vital to a potential user or investor’s evaluation. A white paper should provide information on the token economy, the business model, and the team of a blockchain startup. Accordingly, the one pager should be a short “elevator pitch” that summarizes all the important aspects that the white paper covers at-length. Then we have a presentation, which is somewhere in between the two. This should provide investors, funds, and final token holders with an overview of the startup’s business and how the token is connected to it.
However, there are other aspects to take into consideration before making any ICO investment that are easy to forget. Perhaps the first of these is the legal opinion, which should be provided by the lawyers who have counseled the startup. They should inform potential investors on the token’s compliance with all the relevant regulations.
It doesn’t matter if it’s a utility token, or a security token, it’s important to have a document that confirms the legal stability of the business and the ICO itself. Besides investors, this legal opinion will also be requested by blockchain exchanges prior to any token listing.
Documentation on where the issuer of the token is registered is also necessary. This should be requested from the startup and analyzed carefully. For instance, if a token issuer is registered in the Singapore jurisdiction, it’s wise to check the registration numbers and make sure that the project is actually on this registry. It’s a good way to confirm the startup’s transparency and make sure it’s not a scam or a fraud.
Another thing to search for is if a startup has signed agreements with funds for token sales. These might indicate that its business model is in good standing. A deal with a fund is particularly positive because they buy tokens in bulk and then participate in the life of a startup, helping to sell tokens and increase the user base.
Then, there is the technical aspect. The code of a startup’s smart contract is usually published on GitHub, along with a description and other accompanying documents. It’s good to have access to these links and review them with an expert if possible. This is a sign of transparency from a startup.
Finally, a startup should provoke enough social media activity, especially during the ICO. Checking up on a project’s Telegram, Twitter, Facebook, or other communities gives investors information on what is happening with the startup’s team. Ideally, they should be engaging constantly through these platforms, answering questions and providing any extra information. Also, their accounts should have a healthy number of subscribers and followers.
These are all things any blockchain investor should look into instead of just skimming through a white paper. Any responsible startup would happily provide all this information to potential token holders and users, so nobody should hesitate to ask. One should always be thorough when doing research in the blockchain market.
About Nick Evdokimov
Nick Evdokimov is a serial entrepreneur who first achieved success through his contributions to search engine optimization. Further accomplishments followed him as an investor, token designer, blockchain evangelist, fintech leader, and author of seven marketing books, including a textbook on contextual advertising for MBA students.
He is now a leading expert in the field of blockchain technology and Initial Coin Offerings (ICOs). After becoming involved with cryptocurrency mining, Nick went on to develop more than 40 tokens as an engineer. He has also invented a model for conducting mixed deals in which investors buy equity and conduct hedging transactions.
Nick is the founder of ICOBox, the world’s largest service provider for ICO solutions. With a total capitalization above $500 million, the company has attracted more than $1 billion in ICO investments for its customers as of 2018.
Visit Nick’s website to stay in touch.
Watch Nick’s YouTube channel
This information is the opinion of the provider and is for informational purposes only. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any securities to any person or a solicitation of any person of any offer to purchase any securities. This information should not be construed as any endorsement, recommendation or sponsorship of any company or security. There are inherent risks in relying on, using or retrieving this information. Seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information provided.
CPS Coin has proven to be a bigger success than anticipated amongst our merchants and our community. Since the end of the airdrop and release of the coins on July 1st, 2018, CoinPayments has seen over 4,000 transactions made with CPS coin, resulting in thousands of dollars in fees saved by our users! CPS Coin was also used to purchase over 1,800 $PayByName subscriptions.
Now that the initial stages of the launch are complete, the real work has begun to further develop partnerships and build out the functionality of CPS Coin on the CoinPayments platform. Presently, CoinPayments offers the following uses for CPS Coin:
- Payment Processing Fee Rebate: As long as you have any balance of CPS Coin in your account, you can qualify for a 50% rebate of all payment processing fees (payable in CPS Coin). To enable this feature on your account, make sure to check the box in your Account Settings
- 2x Affiliate Commissions: As an affiliate, you will earn 25% of all processing fees we collect from accounts that you refer through your affiliate link. Affiliate payments are paid the in currency collected during the payment process, however if you agree to accept your affiliate commission payment in CPS Coin then we will pay you double the amount! To enable this feature, make sure to check the box in your Account Settings.
- Staking Rewards: By staking your CPS Coins, you will earn 25% annually on the balance of CPS Coins staked. Staking rewards are paid on the 1st of each month and to qualify, you need to have your staked coins Vaulted for the entire prior month. Vaulting is a security feature offered by CoinPayments that locks your coins for a set amount of time before allowing access to them after unlocking/unvaulting them. To enable the Vaulting feature and qualify for the CPS Coin staking rewards, go through the Vaulting process from the CPS Options button on the wallets page.
- ICO Participation: CoinPayments works with many companies looking to launch their ICO and use CoinPayments to accept payments in many of the coins we support – including CPS Coin. You can use your CPS Coin to participate in select ICOs hosted by CoinPayments. Currently you can use CPS Coins to participate in the ShelterDAO ICO via our CPSICOs Marketplace or you can participate in the SecurCoin ICO directly from the dashboard wallets page.
- Coin Hosting: If you are part of the core team of a new coin looking to increase adoption through being added to the CoinPayments platform, then our Coin Hosting Solution is an ideal strategy and requires CPS Coin to pay the deposit. Being added to the CoinPayments platform allows businesses to start accepting your coin via any of our prebuilt plugins and integrations for all the major ecommerce platforms, instead of you having to code your own!
- $PayByName Purchase: $PayByName is a unique tag/identifier linked to your CoinPayments account, allowing you to receive payments from all supported coins by having them sent to your $PayByName instead of different wallet addresses. $PayByNames can be registered through the dashboard and only cost $1.99 per year!
While it’s clear that we at CoinPayments have been hard at work creating the above current uses of CPS Coin, there is still a lot to come as we are not even 1 month into the release of the coin! For a quick summary of the plans for CPS Coin, take a look at the explainer video below or visit the Official CPS Coin Website for full details.
How to Buy CPS Coin?
If you’re interested in taking advantage of the current and future benefits and uses of CPS Coin, we sell the coin directly from the CoinPayments dashboard at a fixed rate of €0.10 per CPS Coin (plus any ongoing promotions). All you need to do is load your CoinPayments account with any select supported coins and then convert them into CPS Coin. Read the step by step tutorial on How to Buy CPS Coins for more details.
CPS Coin Relationship to Syscoin
CPS Coin is closely tied to Syscoin because it is the first asset built on top of the Syscoin blockchain. What exactly does that mean? Well, just like ERC20 tokens exist on the Ethereum blockchain and require ETH to pay gas when transacting, there is a similar setup for CPS Coin. CPS Coin is an asset/token built on the Syscoin blockchain and requires a small amount of SYS to pay transaction fees. So, if you want to send CPS Coin, make sure you have a bit of SYS in your CoinPayments account to cover the sending fees. Alternatively, you can send CPS Coin to a $PayByName and there will be NO SYS required for fees. Read a more in-depth explanation on how to store, send and receive Syscoin assets within the Syscoin ecosystem.
NOTE: The SYS Asset ID for CPS Coin is: 777845ced7b6022b
CPS Coin Community
We are so thankful for the community surrounding both CoinPayments and CPS Coin and we could not have gotten to where we are without you all! So, we want to extend a HUGE THANK YOU to all of you!
Amongst the many active voices of our community, one stands out in particular – a member by the name of Bruce Bates, who reminds us how one person can make a world of difference! CoinPayments wishes to extend our sincerest gratitude to Bruce for his relentless work toward educating our users within the CPS Coin Official Telegram Channel, where he answers the question “how do I convert my CPS Coins?” at least 10 times a day! He even created a step by step guide on how to sell your CPS Coin on Syscoin’s Blockmarket.
For more answers to some of the most common questions about CPS Coin, listen to Christina and Samir answer them in the exclusive interview by Crypto Canal below.
Stay in Touch
Bitcoin ABC Lead Developer Amaury Séchet talks about gigabyte-sized blocks that would bring Bitcoin Cash up to Visa and Mastercard scales, and incremental upgrades to ensure security. Read more here: http://ayre.to/ZKaY30kr3wJ
Tether, one of the most-traded cryptocurrencies, shows a pattern of being spent on Bitcoin at pivotal moments, helping to drive the world’s first digital asset to a record price in December, according to research by a University of Texas professor known for flagging suspicious activity in the VIX benchmark.
“Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday.
Questions about Tether and Bitfinex have dogged the cryptocurrency world since last year, when Bitfinex lost banking relationships yet continued to operate. The U.S. Commodity Futures Trading Commission subpoenaed both firms in December, seeking proof that Tether is backed by a reserve of U.S. dollars, as it claims. Tether and Bitfinex haven’t been accused of wrongdoing.
“Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation,” Bitfinex Chief Executive Officer JL van der Velde said in an emailed statement. “Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex.”
Griffin and Shams — in a paper titled “Is Bitcoin Really Un-Tethered?” — set out to understand how the 2.5 billion Tether coins in existence have flowed through markets. While little public information exists about how Tether is created, it generally trades for around $1 because each coin is supposed to be backed by $1 of fiat money in a bank. The currency, which started trading in 2015, is pitched as a stable alternative to Bitcoin’s volatility, acting as a haven for crypto investors.
Hi e-NetworkAssosiates – @Cryptoguild
As you may remember this February we reached the $8 million mark in cumulative loan volume. So just two months down the line we have now hit the $10 million mark! Meaning Bitbond is steadily generating $1 Million in loan volume per month!
This is a great achievement for Bitbond! But it is not just our loan volume that has grown, so has the Bitbond team. We are now 24 people strong which is huge growth from the 2017, from when there was just 5 of us! But all this growth and development wouldn’t have been possible without you, so today we just wanted to say a massive thank you from the Bitbond team.
How to Launch an ICO – Expert Roundup
Today we published a new blog post, which focuses on ICO’s and what it takes to make them a success! We spoke to 4 successful ICO experts and delved into the details of How to launch an ICO.
That’s all for today. Thank you for reading and see you on the platform.
Attention Associates :
The International Financial Cryptography Association find Child porn embedded in Bitcoins Blockchain
First of I want to than associate member User ID: XXXX2790 from Germany, they have chosen to remain anonymous while bringing the work of The International Financial Cryptography Association to our attention for review and dissemination.
This is something that has been well known it seems to only those who have been the parties that have / do used Bitcoins blockchain for these purposes. As most of us have never been on the darkweb or are even aware of it, and if they are how to get on it and use it and even fewer have illegal content to lock into and use bitcoin to distribute whatever. Bitcoin at todays value is makes the findings a costly process, back in the day on the darkweb it was cheap and efficient method to do such things.
Furthermore many “investors and crypto traders / hodlers do not know you can unitize the blockchain for more than just a unit of value. Yes we read the white papers and we are told that this is their utility or that it’s use case is based on securing information immutably accounted for (an encrypted distributed database = Store of information) with out giving much though as to what other hodlers / users are putting on the blockchain.
Although many of us know that there are legitimate use cases for the blockchain for currency, records, contracts, distributed cloud storage etc. it is not likely to people think or are aware that the wallet / node data that is held and share could make people who do so “guilty” of distributing illegal pornography or any manner of contraband information that can be digitized.
This opens up a can of worms that the regulators could at any given time site and now seemingly prove the above scenarios and legally be embolden to make blockchain technology if not illegal then some how regulated. The threat being of you do not allow for inspection of your wallet data then it can be assumed that you have contraband material stored in it. Even more troubling than potential disclosure regulations is the outlawing of unregulated blockchains…
So much for the privacy that the blockchain is / was for.
I would like to say everyone who invests, hodls, or uses Bitcoin and / or any crypto currency is not guilty of the horrors the blockchain holds ie. child abuse pictures etc. It would be like saying anyone who has fiat currency in hand that if tested for drug residue is guilty of being in possession of and trafficking controlled substances in my opinion.
I absolutly recommend if you are a blcokchain inverstor, user professioanl fan what ever that you read this paper. Here is the abstract.
Blockchains primarily enable credible accounting of digital events, e.g., money transfers in cryptocurrencies. However, beyond this original purpose, blockchains also irrevocably record arbitrary data, ranging from short messages to pictures. This does not come without risk for users as each participant has to locally replicate the complete blockchain, particularly including potentially harmful content.
We provide the first systematic analysis of the benefits and threats of arbitrary blockchain content. Our analysis shows that certain content, e.g., illegal pornography, can render the mere possession of a blockchain illegal. Based on these insights, we conduct a thorough quantitative and qualitative analysis of unintended content on Bitcoin’s blockchain. Although most data originates from benign extensions to Bitcoin’s protocol, our analysis reveals
more than 1600 files on the blockchain, over 99 % of which are texts or images.
Among these files there is clearly objectionable content such as links to child pornography, which is distributed to all Bitcoin participants. With our analysis, we thus highlight the importance for future blockchain designs to address the possibility of unintended data insertion and protect blockchain users accordingly.
What you can find in the paper we reference. You can find that paper here: https://fc18.ifca.ai/preproceedings/6.pdf
Data Insertion Methods for Bitcoin
Low-level Data Insertion Methods
Content Insertion Services
Benefits and Risks of Arbitrary Blockchain Content
Benefits of Arbitrary Blockchain Content
Risks of Arbitrary Blockchain Content
What is worrisome about the idea of Condemned Content not only being a premise to crack down on cryptocurrency’s for material such as child abuse, is the concept of what is considered “Condemned Content” e.g., Bibles in Islamist countries. Clearly a label that can be abused in the effort to curb religious freedoms.
Illegal and Condemned Content. Some categories of content are virtually universally condemned and prosecuted. Most notably, possession of child pornography is illegal at least in the 112 countries  that ratified an optional protocol to the Convention on the Rights of the Child . Religious content such as certain symbols, prayers, or sacred texts can be objectionable in extremely religious countries that forbid other religions and under oppressive regimes that forbid religion in general. As an example, possession of items associated with an objected religion, e.g., Bibles in Islamist countries, or blasphemy have proven risky and were sometimes even punished by death [13,38].
Again please have a read of this paper.
HaTTiP to The International Financial Cryptography Association