VeChain Recommended – A Choice To Step In Before Rockets!

VeChain investing now

The next big thing could be just around the corner. VeChain [VEN] is the 23rd largest cryptocurrency by market capitalization after passing by 6 coins in just a day  with a price increase of almost 600% in the last month. If this is the first time reading or hearing about it – VeChain is a digital currency that is surging its way upwards on the market cap list proportionally gaining in price [just in the last 24-hours 5 percent].

vechain price analysis

Source: coinmarketcap

First thing first, the coin launched two-three years ago in 2015 being part of a product that does have actual users right now. In the community and ecosystem we enthusiast about maybe everyday that is rare to meet.

The firm backing up the digital currency is a BaaS company [Blockchain-as-a-Service] targeting on developing towards the IoT [Internet of Things]. Might sound similar to IOTA [MIOTA], however unlike the later one – VeChain is on the authenticity within supply chains terms.

The idea is that, by using blockchain technology, the authenticity of goods that are purchased can be verified. It’s a system that aims to ensure product quality, but in a decentralized, global network that cuts across industries. Using smart chips, products are tracked throughout their lifecycles.

The chips can also help with quality control, like with agricultural or food product where a change in temperature could affect the goods.

As explained above, being a functioning product makes VeChain a good choice to go for investing and diversifying your wallet. It is being used by giants that makes our take on the coin even more stable.

Even if you ignore the price rally over the past month, the deals and development that the company backing up the coin has hit make it even more convincing.

Renault is a good example. The automotive giant is using VeChain (VEN) for its automotive supply chain. The biggest luxury wine importer in China, Direct Imported Goods, is also putting its products on this blockchain. On top of that, they partnered with PwC back in May 2017 to work together on ramping up blockchain use in South East Asia.

But a big confidence and positive energy hoisting factor for VeChain enthusiasts would be the endorsement from a powerful investor. The CEO of Breyer Capital – Jim Breyer, did add out that VeChain tokens are in his portfolio laying.

Being a Chairman of the Advisory Board of Tsinghua University School of Economics and Management which include even Jack Ma and Tim Cook, makes one understand that Breyer does know the Chinese market and what should be stepped in.

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TRON TRX Connection to be Complete in February: Peiwo APP Announces

tron cryptocurrency

Union Member of TRON – Peiwo APP has just declared the schedule and plans for the TRX Token. The whole process will be finished out in February 16, starting with the preliminary work being finished. During the final part – TRON will be landing the first online entertainment scenario being supported by over 10 mil fresh users of the peiwo APP while delivering authentic entertainment experience to the young generation.

The expected time for Peiwo APP’s connection to TRX:

tron future

Peiwo APP is the largest audio content community in China, even in the world with over 10 million global registered users and more than one million monthly active users. The users of Peiwo APP mainly are in the age between 16 and 25, distributed in China’s first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen as well as in North America, Western Europe, Japan, Korea, Australia and other places all over the world.

Justin Sun – Founder of TRON and Peiwo APP added:

“The completion of Peiwo APP’s connection to TRX will be a demonstrative display and a good opportunity to verify the value brought by block chain technology. With more than 10 million young Peiwo APP users joining the network of TRON, more individuals, enterprises and platforms may want to join us. This will result in a bigger and stronger network and promote the vigorous development of the block-chain-based online entertainment.”

Via distributed storage technology and blockchain tech, TRON [blockchain-based decentralized protocol] wants to create an free entertainment system on a global scale. It gives the opportunity to own and store data freely, publish – while in the decentralized form – decides the subscription, the distribution and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

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Trading Bots to Govern an Investment Strategy of Newly Created Decentralized Autonomous Funds

The company is introducing Decentralized Autonomous Funds to make investments in both cryptocurrencies and conventional assets on the same platform possible and robust.

After lurking in investment shadows for a number of years, cryptocurrencies have recently broken out into the mainstream. While Bitcoin hogged most of media attention media and attracted a large portion of newly minted cryptocurrency investors thus far, Blockchain technology has started to garner mainstream interest. Investors in conventional stocks and assets are slowly migrating towards cryptocurrencies. However, those are still very new, very volatile and their market is not easy to navigate. Here is where NaPoleonX comes in. The budding company will merge algorithmic, quantitative asset management with Blockchain technology to make investing in cryptocurrencies more facilitated, secure and profitable.

Conventional trading with smart contracts

In anticipation of broad conventional asset tokenization, the highly experienced NaPoleonX team has innovated the Decentralized Autonomous Fund (DAF) that makes investing in both cryptocurrencies and conventional assets on the same platform possible and robust. As trading bots are posing a real challenge to conventional asset management methods, being more effective and cost-efficient, NaPoleonX is introducing algorithms so that cryptocurrencies can be traded securely and transparently. In short, NaPoleonX is an innovative investment platform devoted to cryptocurrency holders.

In addition to capitalizing on the potentials of asset tokenization and presenting DAFs, NaPoleonX is also introducing the advantages of smart contracts to conventional trading like enhanced security and reduced transaction fees. Up until now, only crypto-traders were able to reap these benefits.

Even though, so far, Bitcoin and Ethereum market capitalization levels only represent a fraction of the market for other assets, that is bound to change. Crypto-trading can expand beyond altcoins and into real assets. This would mean more diversification for investors and an incredible amount of value transfer to the crypto world.

Underlying technology and NPX Token

The platform is described as an algorithmic crypto-asset manager. This means that the trading bots will be designed and operated to make optimal investment decisions for traders. Each DAF uses one or a combination of trading bots to fulfill its purpose.  

NaPoleonX smart contracts will be deployed through the Napoleon Crypto SAS company, which will hold intellectual rights for the first ten DAFs created on the platform. This intellectual property will be shared with NPX token holders. NPX token holders can get access to buy-sell signals and they are entitled to revenues from sub-licensing according to rules and regulations created by the company. Buy and sell signals are provided to NPX token holders in three speeds depending on the proportion of NPX tokens that they hold.

NaPoleonX will give access to DAFs on its platform, some of which may be reserved for more experienced investors and will adhere to specific regulations. These precautions are due to the fact that NaPoleonX is the first platform of its kind to offer very scalable investments (more than $100 mln). It is important to mention that DAFs can be continuously proposed to NPX token holders with a diversity of governance models, Boton consumption and underlying Blockchains.

ICO launch

NaPoleonX answers two questions. The first one relates to the use of Blockchain technology in investment beyond the crypto-world and the second one relates to the merger of conventional and crypto-trading. In Blockchain-based algorithmic asset management, investors will find a solution to both profitability and security.

It is an exciting project, to say the least, that has a leg up on its competitors for many reasons, most important of which being the extensive experience brought forth by its team members. Indeed the seasoned team brings many years of experience in designing and running high-performance trading bots.

NaPoleonX will be fully regulated and licensed, and Napoleon Crypto SAS already has 20 high performing strategies which enable the creation of 10 DAFs. The ICO for this ambitious project will be launched Jan. 22nd and the team is aiming to collect €15 mln.


Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Bitconnect Ponzi Scheme – No Sympathy From Crypto Community

There’s been little sympathy from the cryptocurrency community after the closure of controversial exchange and lending platform Bitconnect.

What looked too good to be true ended up being just that, as Bitconnect has all but closed its doors.

Long accused of being a Ponzi-scheme, Bitconnect shut down its cryptocurrency exchange and lending service this week. As stated on their website, Bitconnect had received cease and desist letters from two American securities regulators – leading to the closure of their lending and exchange platforms. Still, Bitconnect will continue to run its website and wallet service.

Sketchy ‘Ponzi’ offerings

Since its inception in January 2017, many were skeptical about Bitconnect services. In essence, one needed to send Bitconnect Bitcoin in exchange for Bitconnect Coin (BCC) on their exchange.

Once you had BCC, you were guaranteed “up to 120 percent return per year.” Users were told they were earning interest by holding their coin “for helping maintain the security of the network.”



Lending platform

Bitconnect’s lending platform is what really led to accusations of a Ponzi scheme, as well as cease and desist orders from regulators.



As the above illustration explains, users bought BCC with Bitcoin and then lent out their BCC on the Bitconnect lending software.

Users would receive varying percentages of interest depending on the amount of BCC they had lent.



Add in the referral system seen in many other Ponzi schemes and the fact that the operation was run anonymously; it’s hardly surprising that this whole endeavor has ended in tears.

The lending scheme was the main draw card of Bitconnect because of its huge promise of returns. In order to participate in the scheme, you had to buy BCC – which saw the token hit an all-time high of $437.31 per BCC before it plummeted in value following the closure this week.

That being said, the cryptocurrency is still alive and trading at around $35 at the time of writing.


Social media burns Bitconnect

Following Bitconnect’s closure, social media was abuzz with sentiments of ‘I told you so.’

TenX co-founder Julian Hosp highlighted the fact that BCC was still trading as a real head-scratcher.

Francis Pouliot shared a hilarious video of a Bitconnect meet which had been slightly dubbed over.

American cartoonist Spike Trotman shared one of the most entertaining and eerily accurate predictions back in September 2017, postulating that Bitconnect was indeed a Ponzi scheme.

Her latest tweet is a screenshot of the Bitconnect Reddit page, with subreddits for a suicide hotline as well as a massive legal action megathread. Do yourself a favor and take a look at Iron Spike’s full threat on Bitconnect – it’s brilliant.

Rodolfo Novak shared a photo of the monumental collapse in price of Bitconnect from Coinmarketcap, highlight the moment the Ponzi scheme hits ‘exit time.’

Show Yourself by Participating in New Bounty Campaign by SegWit2X: Prize Fund is $120K

Show Yourself by Participating in New Bounty Campaign by SegWit2X Prize Fund is $120K

Dear supporters and followers of SegWit2X and B2X coin, we have amazing news for you. SegWit2X team is launching a number of bounty campaigns, which give Blockchain developers the opportunity to show how skillful they are and reward the best projects, ideas, solutions with big bucks.

We deeply believe in technologies and people acing them. The whole purpose of the SegWit2X Bitcoin fork is to develop the Blockchain technology in general. We are looking forward to meet outstanding Blockchain enthusiasts for further joint cooperation.

The 3 campaigns we are planning to run are the following:

  1. B2X App Contest (the total prize fund is 70.000 USD in B2X)

The goal of the bounty campaign is to motivate developers to create apps supporting B2X. This could be any kind of app representing various industries operating in B2C sector. The duration of the campaign is 3 months, the expected amount of winners varies from 1 to 5 and the total prize fund is $70.000. Your apps could be supporting any cryptocurrencies but the B2X implementation is compulsory.

The apps could fall into the following criteria:

  • Off-the-shelf, working solution.
  • Best concept, non-trivial solution.

It could be a mobile app (Android/IOS), a web application, or a browser app.

  1. Bug Bounty B2X (the total prize fund is 30.000 USD in B2X)

This bounty campaign falls into two criteria:

  • find web-service vulnerabilities (reward varies from $50 to $5K in B2X).
  • find B2X code vulnerabilities (reward is $5K in B2X).
  1. B2X Improve Bounty (the total prize fund is 20.000 USD in B2X)

The goal of this contest is to improve SegWit2X project. The best solutions with the detailed code description will be given substantial rewards in B2X: rewards vary from 1.000 to 5.000 USD in B2X.

All ideas and projects received will be evaluated by the community. The duration of the campaigns is 3 months. The total prize fund is 120.000 USD in B2X.

To get to know more about the bounty campaigns we are running and get the details of the technical side of the project, please, go to our official website and follow our latest news through the social channels.

This is a paid press release. Ethereumworldnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Ethereumworldnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


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Ripple Employee Spotlight: Raghu Battula, Sr. Director of Engineering

Ripple’s growth and success can be attributed to the hard work of the bright and driven people that work at the company.

The engineering team at Ripple has been critical to creating solutions to improve cross-border payments, and with the recent addition of Raghu Battula, the Senior Director of Engineering, the team will be positioned to drive further innovation in the global payments space.

In this Employee Spotlight, Battula details why he joined the company and what he’s looking forward to the most in his role at Ripple.

Q: What brought you to Ripple?

Raghu Battula: There’s been a lot of innovation in the digital economy and you see a lot of cool things happening from an end-consumer perspective.

There has also been a lot of innovation in the domestic-payment space, but sending cross-border payments real time is still an area that needs innovation and is a tough problem to solve.

After meeting with Brad and hearing his vision, it became very clear to me that Ripple is doing something really amazing. In fact, this will be the most transformative work I’ve ever done in my life and feel honored to be part of this journey.

Q: What has been the most surprising thing about working at Ripple?

RB: The most surprising thing has been the shift in mindset that corporations and financial institutions have had and their willingness to adopt our technology and product solutions. It has been extremely surprising in a really good way. I’m very excited about that.

Customers are very eager to adopt our technology and use our solutions. They see the value in what we’re doing.

Additionally, the people we have are very smart and very humble, and they live by our values and it’s great to see that.

Q: Tell us about your greatest achievement in your career, so far.

RB: When I look back in my career, I like to think that the sum of all parts is greater than the individual piece. However, for me, the greatest achievement has been to have worked at technology companies like Intuit, Paypal and Apple.

At each company, I was part of teams that created innovative, customer-facing products, such as mobile wallets, financial platforms, and consumer and enterprise apps. But, if I had to pick one, the work I did at Intuit was the most exciting. I built the engineering organization that built the financial data platform for Intuit. Products like Mint, Quicken, QuickBooks, TurboTax all use this platform on a daily basis which connects to thousands of financial institutions.

It’s a very high-transaction processing system. We worked with banking customers, as well. That’s how I have been exposed to the banking world.

Q: What are Engineering’s three key priorities for 2018, and what do they mean for all of Team Ripple?

RB: The No.1 goal is to make sure we rapidly scale out RippleNet and the core products behind it — xVia, xCurrent, and xRapid — to meet our enterprise customers’ needs and provide a frictionless experience. We’re building this out in a way that’s highly scalable, fast and reliable for our customers.

No.2 is to hire a lot of smart people. I’m looking to hire engineers who have built scalable financial systems.

No.3 is the culture, as we’re growing rapidly, it’s important to make sure we continue to live our core values that make up the larger Ripple family. From an engineering perspective, this means we’ll continue to have a fast-paced culture and rapid innovation in the blockchain space and try new ideas.

Q: What challenge are you most excited to tackle this year?

RB: We have exciting challenge(s) on the architecture and design side. It will feel like we’re building the runway while the plane is taking off because as we’re doing this we’re getting more and more requirements. At the same time, we’re building out a highly scalable RippleNet platform that will benefit our customers.

We need to make sure that we continue to focus on providing a frictionless experience for our customers. It’s a technical challenge but this is what we’re looking forward to in engineering.

Q: What’s the biggest misconception about engineering from non-engineers?

RB: In my experience, the biggest misconception is that sometimes non-engineers have a tendency to define a solution rather than define a problem.

My recommendation is to give an opportunity for engineers to walk in the customers’ shoes and pose the “problem definition” to engineers and allow them to ask more questions. This allows engineers to come up with a better solution and also solve a set of problem(s) that a non-engineer may not have asked the engineer to solve.

Q: What’s the most fun part of the job?

RB: The fun part of my job is seeing our products being used by our customers. In engineering, we come up with innovative-, problem-solving products and solutions, and what makes my day is when customers use our products and love it. When customers love our products that makes engineers very happy!

Also, working at Ripple is really fun. It’s not just work, work, work, we have a lot of social events. For example, we have wine clubs, yoga clubs, soccer matches, a lot of team activities, I could go on.

Q: If Ripple employees want to learn more about the engineering team and the work you’re doing, what’s the best way for them to reach out?

RB: They can start by reaching out to me, we’re going to schedule a lot of meetups and publish more engineering-focused blogs and more. All of the blogs will be published on Ripple’s website soon. This is an area where we can improve and I want people to reach out to us and understand what we’re doing.

For more information about open engineering positions, please visit our Careers page.

The post Ripple Employee Spotlight: Raghu Battula, Sr. Director of Engineering appeared first on Ripple.

Yale Prof. Shiller Thinks Bitcoin’s ‘Bubble’ Could Actually ‘Linger 100 Years

Robert Shiller, who called Bitcoin “the best example of a bubble” last year, now suggests it could remain for 100 years.

Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday, Jan. 18., that he now “doesn’t know what to make of Bitcoin ultimately” after earlier calling it “the best example of a bubble”.

In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story”  not its value that had sparked public interest in it, Shiller told reporters “it [Bitcoin] has no value at all unless there is some common consensus that it has value. Other things like gold would at least have some value if people didn’t see it as an investment,” repeating a common narrative that investment in Bitcoin is like the 17th-century Tulip Mania.

Though he admitted his uncertainty as to what Bitcoin’s fate will be, Shiller overall remains sceptical, stating:

“[Bitcoin] might totally collapse and be forgotten and I think that’s a good likely outcome but it could linger on for a good long time, it could be here in 100 years.”

Bitcoin’s two-day slump this week has partially recovered to challenge $12,000, making it worth over 160 percent more than when Shiller made his previous bubble claims in early September, 2017.

Former FDIC Chair Says ‘We Don’t Ban Assets,’ Bitcoin Just Needs To Be Regulated

Former FDIC chair Sheila Bair reiterates that there should be no Bitcoin ban, just additional regulation.

Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s “Fast Money” on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an asset, but there is a need for additional regulation of digital currencies.

Bair had previously written a December 2017 op-ed on Yahoo along the same theme of more regulation without any bans against BTC.

In the “Fast Money” interview Friday, Bair reiterated that while, “we don’t ban assets,” regulating crypto markets is necessary to prevent both money laundering and the potential for market manipulation.

Bair looks favorably on CBOE and CME’s recent releases of Bitcoin futures contracts, saying:

“I think that the fact that CME and CBOE launched futures actually could help because that will actually also give them [government regulatory bodies] a window into providing, getting more reporting from the underlying Bitcoin exchanges that are feeding prices into their futures products. It will give the CFDC a window and some information to make sure there’s no manipulation going on.”

Bair’s current main concern with Bitcoin is that the public may be attracted by the promise of high returns and begin investing in Bitcoin and other digital currencies without a clear understanding of what these products are.

In regards to the public’s overall understanding of cryptocurrencies, Bair says:

“I think there’s a lot of confusion between Bitcoin and blockchain technology.”

Bair currently serves on the board of Paxos, a fintech company working with Blockchain technology. She noted during the CNBC interview that she does not own Bitcoin.

Gold Sales Spike During Crypto Market Crash, Highlighting Inverse Correlation

Cryptocurrency market crash has provoked a fivefold increase in gold sales for some dealers.

Daniel Marburger, Director of Europe-based online gold dealer CoinInvest, claimed the company sold about 30 kilograms of gold, worth over $1 mln, in just one day, Jan. 16, in an interview with Bloomberg Wednesday, Jan. 17.

This week has been very volatile for Bitcoin and several industry insiders cited by Bloomberg believe that investors are looking for more stable assets in the meantime. Bitcoin, along with most other cryptocurrencies, experienced a crash of over 40% this Tuesday, Jan. 16 that lasted until Jan. 18, potentially causing a spike in gold investment.

Marburger told Bloomberg that gold coin sales increased fivefold on Jan. 16, the same time cryptocurrencies were crashing.

“[Tuesday] was a hell of a crazy day,” Marburger said, adding that “emails and phones did not stand still with customers asking how they could turn their crypto into gold.”

A similar situation was described by the Ireland-based GoldCore LTD, where customers have been cashing out from cryptocurrencies and buying physical gold for the past three months.

GoldCore’s director Mark O’Byrne informed Bloomberg via email about the worried clients:

“They told us they were concerned that the massive price appreciation was unsustainable and they got nervous about it. We think increasingly people are realizing that these digital assets have much higher risk levels than the traditional safe haven asset [that is gold].”

Earlier in Dec. 2017 when cryptocurrency prices were achieving record highs, Larry McDonald, the head of US macro strategy at ACG Analytics, claimed in an interview with CNBC that investors were dumping gold to buy Bitcoin during November and December 2017.

“Cryptocurrencies are definitely eating into the gold play,” stated McDonald back then.

This inverse dynamic serves as another proof of a potential negative correlation between investors’ interest towards gold and cryptocurrencies.

S. Korea: Major Banks’ Income From Crypto Accounts Up X36 From 2016

South Korean banks have earned 36 times more income from crypto account fees this year than they had earned in 2016

Recently published data from the South Korean Financial Supervisory Service (FSS) shows that in 2017 several major South Korean banks have earned 2.2 bln won ($2 mln) in commissions from virtual accounts for cryptocurrency investing, a sum 36 times higher than the 61 mln won ($57,340) made the previous year, local news agency Yonhap reports.

The data on the banks’ income was gathered during an unprecedented financial probe conducted by the FSS and the Financial Intelligence Unit (FIU), first announced Jan. 7.

The probe inspected six major banks, Woori Bank, Kookmin Bank, Shinhan Bank, NongHyup Bank, Industrial Bank of Korea, and Korea Development Bank, to ensure that they were effectively preventing money laundering in their handling virtual accounts handling cryptocurrency.

According to Yonhap, The Industrial Bank of Korea reported 675 mln won ($634,500), with NongHyup Bank not far behind with a reported 654 mln won ($614,760).

Since last week, a wave of controversy has arisen in South Korea over the government’s attempts to more strictly regulate crypto markets, like the banning of the use of anonymous virtual accounts connected to crypto exchanges, forbidding underage citizens and foreigners to invest in crypto markets, and falsey announcing a total blanket ban on cryptocurrency trading.

On Jan. 16, a South Korean petition against the regulation of virtual currency reached over 200,000 signatures, now requiring an official response from the government.