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Increased Profits for Credits Blockchain Node Holders
Credits Blockchain Platform has announced the launch of additional stimulation for its node holders. The award program involves the monthly distribution of CS coins between all owners of Credits nodes entailing more advantageous conditions for receiving cryptocurrency of this platform.
The claimed amount of distribution for the March is 400,000 CS, equivalent to ,000. Each node owner will receive a reward depending on the frequency of the node’s participation in the consensus algorithm and its selection as a trusted one.
Participation requirements
Appropriate PC and Internet connection:
Operating system: Windows 7 / Windows 8 / Windows 10 64-bit / Linux Ubuntu 18.04
Processor (CPU): Intel Core i5 or AMD Ryzen 5 1600X
Memory (RAM): 6–10 Gb
SSD
Internet connection: 7-10 Mbit/s
An initial amount of coins to participate in a consensus mechanism and get basic rewards is 50,000 CS
More info about the Credits blockchain network is provided in Developer’s Hub.
About Credits
Credits is a fully decentralized, blockchain-based infrastructure platform founded in 2017 operating in the US, Singapore and Russia. The platform operates on the basis of the innovative Proof-of-Agreement protocol. The infrastructure is designed to allow various industries to take advantage of blockchain technologies and issue tokens or launch decentralized applications.
NewsBTC
VanEck: Bitcoin Price Historically Increased Following Halving
May’s halving will reduce the amount of Bitcoin rewarded to miners, and in turn, increase the coin’s scarcity.
Considering this scarcity – think supply and demand – as well as historical data of the previous two halvings, Bitcoin’s price may see a remarkable bump in the months following the event.
Halving Historically Leads to Massive Gains
The so-called “halving,” a 50% block reward cut to production rate, is a mechanism programmed into the Bitcoin blockchain that occurs roughly every four years (or 210,000 blocks).
As reported by investment firm and Bitcoin supporter VanEck, historically, given the increased scarcity, the price of Bitcoin has shot-up following halving over the course of the coin’s lifecycle.
Bitcoin Growth With Halving
At the time of the first halving, November 28, 2012, Bitcoin’s price was .22; by the end of November 2013, the leading cryptocurrency had shot up to ,242.
At the second halving, July 9, 2016, Bitcoin’s price was 2.14; just 16 months later, on Dec 17, 2017, the coin hit an all-time-high of almost ,000.
Looking at this historical data alone, the upcoming halving could be a momentous occasion for Bitcoin enthusiasts and the cryptosphere as a whole.
As NewsBTC reported, cryptocurrency-focused research company, Digital Asset Research created a prediction model setting Bitcoin at over ,000 following May’s halving.
German bank Bayern LB went further, predicting a price of ,000 after May 2020.
Public interest in the digital asset is growing too.
Google measures search interest over time based on a score out of 100. As January comes to a close, the score sits at 97. This is double December 2019’s score of 48.
There was only one other time that the search volume for “Bitcoin halving” was higher than today, at the time of the second halving in the summer of 2016.
Bitcoin Enhances Portfolio Return
As illustrated, this increase in scarcity – and in turn value of the coin brought on by halving – is one of the drivers for historical Bitcoin growth.
Considering this, VanEck highlights in their report how the coin can increase portfolio diversification because of its low correlation to traditional asset classes, including broad market equity indices, bonds, and gold.
According to their research, a small allocation to Bitcoin significantly enhanced the cumulative return of a 60% equity and 40% bonds portfolio allocation mix while only minimally impacting its volatility.
The graph below illustrates this with allocations of 0.5% BTC, 1% BTC, and 3% BTC:
Portfolio With Bitcoin
Last year, the price of the leading cryptocurrency gained about 90%, outshining all other major asset classes.
With an ever-growing community of enthusiasts, an influx of institutional investors, and anticipation surround the upcoming halving, 2020 is set to be a big year.
Featured Image from Shutterstock The post appeared first on NewsBTC.
NewsBTC
Crypto and Blockchain Jobs Have Increased By 26 Since 2018 Research
Wile the number of ads being posted in the space has grown, job seeker interest has plummeted, according to Indeed data.
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P2P Crypto Trading Volume Increased 2800 in South Africa, Says Paxful
n P2P crypto trading platform Paxful sees a 2,800 increase in South African trading volumen
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RSK Increased Its Merged Mining Rewards; Bitcoin Miners to Gain More?
If you’re a Bitcoin miner or enthusiast, you now have another reason to smile. On October 12th, RSK, the project that brought smart contracts to Bitcoin, launched a new incentive program that will provide a big boost to its merged mining rewards program.
RSK’s reward program, which compensates merged mining efforts in RBTC, the platform’s native token, increased rewards by more than 1,000%.
Smart contracts have been one of the most lauded features of blockchain technology. Deloitte’s 2019 Global Blockchain Survey found that 58% of today’s businesses see smart contract development and implementation as highly important and an additional 37% see it as moderately important.
RSK brings this functionality to businesses while developing as a sidechain to Bitcoin’s famously secure and incredibly popular blockchain. The value of the platform’s utility token, RBTC, is linked 1:1 to Bitcoin, and this token is used to facilitate the smart contract ecosystem.
Its merge mining technique means that Bitcoin miners don’t need any additional equipment or capabilities to merge mine RBTC. Simply put, Bitcoin miners can accrue fees from transactions taking place on the RSK sidechain, without expending additional effort or relying on more resources.
RSK’s most recent incentive program will make this process even more lucrative. Indeed, the initial plan which ran between September 1st and September 5th, showed that rewards increased by 1,000% per block, surpassing all other merged mining platforms during that period.
In total, nearly ,000 was distributed during the first month.
The announcement was made at the Global Mining Leaders Summit, an invite-only event that brings together 300 of the industry’s movers and shakers with a special emphasis on the mining space.
Now, all network miners can participate in this new program, with increased rewards that are intended to spur additional mining involvement as the platform grows.
As Adrian Eidelman, RSK Chief Technology Officer, said in an October 12th statement, “Bringing enough rewards to miners and pools is crucial for RSK’s goal of becoming the most secure smart contracts platform. As we drive adoption and increase the volume of transactions in the network, we want to be sure incentives are already enough to make it attractive for miners and pools to integrate RSK.”
The announcement was just one element of the positive sentiment surrounding RSK.
IOV Labs, which develops many of the popular elements for RSK’s platform, recently acquired Taringa, Latin America’s largest social network. Taringa intends to integrate RSK blockchain infrastructure into its platform, which boasts a user base of more than 30 million people.
While RSK isn’t the only merged mining platform compatible with Bitcoin, it already has support from three of the top Bitcoin mining pools, and its latest announcement should entice more people to participate, further bolstering its long-term capabilities.
For miners, the implications are clear. The financial prospects for merge mining are significantly improved. There is money to be made from the practice as supply and demand economics continues to drive the equation.
Image by Luisella Planeta Leoni from Pixabay
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DREP Increased by 75% After Listing Announcement on BitMax.io
The Phenomenal Track Record of Project Listing of This Rising Platform.
BitMax.io (BTMX.com), the digital asset trading platform built by a group of Wall Street quant veterans last year, announced listing of DREP project on May 17, 2019. DREP market price increased by approximately 75% within 4 days, even before BitMax.io officially enabled DREP trading. This was not the first time when BitMax.io showed its market impacts.
On May 7th, BitMax.io announced the listing of ABBC, a Top 100 project by ranking on CoinMarketCap. Believe it or not, the price of ABBC was almost twice from about 0.18 USDT to about 0.36 USDT within only a few days.
Similar story happened to Fusion (FSN) as well. BitMax.io announced listing of FSN on May 9th, and its market price increased by almost 35% from around 0.0041 ETH to around 0.0055 ETH within only 24 hours.
Let’s go back a little further to April 4th. BitMax.io published on its official Twitter @BitMax_Official that Own (CHX) would soon join BitMax family. 6 hours from then on, the highest increase of CHX exceeded 30%.
What’s the “secret sauce” behind the phenomenal increases? I believe it is attributed to the brand equity of BitMax.io.
BitMax.io‘s well-recognized global network and brand adds tremendous value to its listing portfolio. Its solid reputation has been proved to bring additional benefits to the listing partners, including superstar projects like Lambda, LTO Network, CVNT and Ankr Network. All the four projects were selected to be listed on CoinMarketCap very shortly after their primary listing with BitMax.io. This, as recognized by the market, can be largely attributable to BitMax.io’s reputation and impressive listing portfolio. With the co-branding efforts between BitMax.io and its listing partners, these projects have seen an increasing broad-based exposures for them on top-tier media outlets such as Nasdaq, China Daily, CCN, Use The Bitcoin, NewsBTC, and AMB Crypto; their brand awareness is enhanced not only in specific regions such as Asia or the US but also across multiple regions globally. The gaps among American, European and Asian projects have been existing for a long time. However, BitMax.io and its strategic relationship global partners, are working towards narrowing down such gaps.
Image by Gerd Altmann from Pixabay
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Despite Crypto Winter, US Bitcoin Awareness, Knowledge, and Perception Increased “Dramatically” Since 2017
Research suggests that Bitcoin is more fully understood and accepted today across US society than it was at the height of the bull market of 2017. According to a recent study, young adults are way ahead of other demographics with regards awareness, familiarity, perception, and likelihood to buy Bitcoin in the future.
Blockchain Capital recently asked 2,029 randomly selected American adults a series of questions relating to Bitcoin. The survey was a follow up to a similar one conducted in October 2017, when prices were rising and overall market sentiment was entirely different.
US Public Becoming Increasingly Knowledgeable About Bitcoin
The test was divided into various categories. First, the participants were asked if they had even heard of Bitcoin. A massive 89 percent answered that they had. This was up from 77 percent in October 2017. This is hardly surprising given that the spectacular crash of late 2017/early 2018 was covered by just about ever mainstream media outlet on the planet.
Next, the participants’ familiarity with Bitcoin was gauged. They were given the question: How familiar are you with Bitcoin? along with a series of responses: “never heard of it”, “heard of but not familiar”, “somewhat familiar”, “very familiar”, and “I own/have owned Bitcoin”.
The percentage of people that are “at least somewhat familiar” with Bitcoin rose by nearly half — from 30 percent in October 2017 to 43% in April 2019.
Amongst those aged 18 to 34, 60 percent described themselves as at least ‘somewhat familiar’ with Bitcoin — up from 42 percent in October 2017. An equally large increase was observed in the age group 45-54. Previously, just 25 percent were at least familiar with Bitcoin. Now that figure is 43 percent.
The percentages of those familiar with the cryptocurrency really diminish in older generations but still show an increase over those from 2017. Of those aged 55 to 64, 32 percent were at least familiar with it. This was up from 22 percent in 2017. Meanwhile, just 20 percent of those over 65 claimed to be knowledgeable about the decentralised payment tech, up from the 15 percent observed in the previous study.
Next, the participants were asked how much they agreed that Bitcoin is a positive financial and technological innovation. Again, there was a significant increase in those answering favourably here too. In 2017, 34 percent of those asked agreed or strongly agreed with the statement. This rose by 9 percent in the recent survey to 43 percent.
Younger respondents were much more likely to view Bitcoin positively. Of those aged between 18 and 34, a massive 59 percent said that they though Bitcoin was a positive innovation versus 48 percent in the previous survey.
The figures relating to the likelihood that Bitcoin will be widely used in the future show similar tendencies too. A third of US adults now believe that the digital asset will be in common use in the next 10 years. This is a five percent increase to the figure observed in the previous study.
Raising this overall average once again is the younger generation. A massive 48 percent of those aged between 18 and 34 agree that Bitcoin will be widely used within the next decade.
The findings also indicate that 27 percent of people are considering buying Bitcoin in the next five years. Despite the bear market, this figure is up from just 19 percent in 2017.
The write up of the report, summarised by Spencer Bogart, concludes by inquiring about people’s store-of-value preferences. The respondents were asked which asset they would like to own ,000 of between Bitcoin and a traditional investment:
- Over one in five people said they would prefer the cryptocurrency to government bonds.
- Bitcoin was preferable to stocks for 17 percent of those asked.
- Fourteen percent of respondents would prefer Bitcoin to real estate.
- Just 12 percent said they would rather have digital gold over physical gold.
Again, the figures for the youngest age group in the sample reflect a much greater acceptance of Bitcoin than the rest of the US public. Almost one in three prefers Bitcoin to government bonds, more than one in four prefers Bitcoin to stocks, just under one in four would rather own Bitcoin than real-estate, and over one in five would favour the crypto over gold.
Younger Generations Championing Crypto Revolution
The figures show that the younger generations are much more knowledgeable of, familiar with, and accepting of Bitcoin. This is summed up by Bogart himself when he states:
“Ultimately, Bitcoin is a demographic mega-trend: Younger demographics are leading in terms of Bitcoin awareness, familiarity, perception, conviction, propensity to purchase, and ownership rates.”
As a purely digital currency, it figures that the first to get to grips with the concept would be those that have grown up in a purely digital world. In that vein, crypto investment fund Adamant Capital’s CEO Michiel Lescrauwaet neatly summed up why digital cash might be alluring for millennials earlier today in response to the research detailed above:
It makes sense that Millennials like Bitcoin most:
1) found their way through 2008 crisis as young adults
2) grew up with P2P (BitTorrent, Limewire)
3) digitally native & familiar with open source (Linux, Wikipedia)
5) first investments in zero interest rate environment https://t.co/bQQLmwFk0u
— Michiel Lescrauwaet (@MLescrauwaet) April 30, 2019
Related Reading: Global Bitcoin Acceptance Up More than 702% Since 2013
Featured Image from Shutterstock.
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Number of Active Bitcoin Wallets Increased Prior to Crypto Market Surge
n A high number of digital wallets holding Bitcoin became active two weeks before the recent crypto market rallyn
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Winklevoss Twins Claim Crypto Could Ultimately Be a Strong Social Network, But Will Increased Regulation Lead to This?
There’s no question that the relatively small and niche nature of cryptocurrencies in their current state leads them to have a strong community of avid supporters backing them, but on multiple occasions the crypto community has seen itself be divided along the lines of individual digital currencies.
Despite this occasional tribalism, the Gemini co-founders, Cameron and Tyler Winklevoss, recently explained that they believe crypto could ultimately be one of the strongest social networks in existence, and they hope to play a role in making that happen.
Winklevoss Twins: Money is Currently One of the Strongest Networks of Value
The twin’s recent comments regarding the future of cryptocurrencies as a highly social and uniting force came about during an interview with CNN, where the twins discussed their exchange – Gemini – as well as the relatively recent release of their exchange’s mobile app.
With regards to the perceived riskiness of the cryptocurrency industry, the twins explained that their goal is to provide users and investors with a highly regulated platform that is conducive to eliminating at least a portion of the risk that is inherent with all nascent markets.
Although this sentiment may seem reasonable to those who are new to the industry, crypto purists frown upon such sentiments, as a small sect of the crypto community believes that cryptocurrencies are a means to bypassing – and ultimately eliminating – the very centralized institutions that impose regulatory frameworks.
Recently, a Gemini ad campaign raised the eyebrows of these individuals – whose views tend to lean towards Libertarianism or in extreme cases, anarchism – as the exchange claimed that “crypto needs rules.”
Nick Foley, a former support representative at Coinbase and a Bitcoin enthusiast, reacted to the ads earlier this year in a tweet, saying that crypto doesn’t need increased government intervention via regulations.
“Rules like mathematics? Sure. Crypto needs that. Rules like ‘KYC AML licencing taxation Patriot Act bitlicense bullshit?’ No. Crypto doesn’t need that.”
Rules like mathematics? Sure. Crypto needs that. Rules like "KYC AML licencing taxation Patriot Act bitlicense bullshit?" No. Crypto doesn't need that. pic.twitter.com/8azzqCKlwa
— Nick Foley (@BookofNick) January 4, 2019
Despite this, Gemini’s mission is clear, and as explained in the interview, their goal is to allow users to “engage with crypto in a regulated, compliant, trusted way.”
Building Trust is Critical for Positive Market Growth
While speaking at the South by Southwest conference in Austin, Texas, the two brothers doubled down on their credo that regulation is a key element of increasing trust in the industry, and pointed towards the recent QuadrigaCX imbroglio as a key example of why investors will continue to be weary of the industry so long as it remains an unregulated frontier.
“There are a lot of carcasses on the road of crypto that we’ve seen and learned from… At the end of the day it’s really a trust problem. You need some kind of regulation to promote positive outcomes,” Cameron Winklevoss explained, further adding that increased oversight and compliance will positively affect Bitcoin’s price.
Although it may be a controversial view amongst a few select Bitcoin and crypto enthusiasts, with the increased hype surrounding large financial institutions entering the rapidly evolving industry, as well as continued talk about the distant prospect of a Bitcoin ETF being approved, it is clear that investors are widely looking towards events that largely based on increased regulation as catalysts for the next bull run.
Featured image from Shutterstock.
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