Cloak’s Transaction System Enigma Is Open Source – A Milestone for Privacy

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

After three years of hard work, countless hours of programming, passion and perseverance for a shared vision, CloakCoin has reached a new milestone in building the world’s safest cryptocurrency.

ENIGMA, the in-house payment system is open source as of 31st December 2017. Anyone can now take advantage of CloakCoin’s Transaction System.

At the heart of CloakCoin is ENIGMA, protecting you from access by third parties, such as hackers, official bodies or any unwanted parties. The blockchain payment system encrypts the transactions of users and prevents transaction tracking while providing secure transactions with a maximum processing time of 60 seconds.
Thus, CloakCoin’s ENIGMA ensures full privacy combined with speed.

Many advantages that are hard to find at other cryptos and which are now easily accessible to you, the end user.

By making ENIGMA freely available, CloakCoin aims to provide its community with the transparency it deserves and gives prospects the opportunity to leverage their proven payment system.

While your own privacy is being eroded day by day, piece by piece, CLOAK rebuilds it where it matters most. ENIGMA protects your finances and transactions from sightings by unwanted parties. With the Open-Source, the team of the CloakCoin expressly declares this security. The team now stands behind the promise of making its technology freely available.

A clear manifesto at a time when heroes like Edward Snowden are being persecuted by the law and espionage is being run by the state on a grand scale, protection is more important than ever before. Nobody should give away more information than he or she wants to reveal.

Along with this manifesto and the resulting enhanced transparency, there is an opportunity to collaboratively advance CLOAK. The community, technology experts and prospects are encouraged to use its technology freely and share these improvements with the Cloak team. By doing so, CLOAK expects to receive new impulses from outside and acceleration of its establishment in the markets. The common welfare stands in the foreground.

CloakCoin is aiming for a whole new level, which will be confirmed by a quality audit of an external company in January and increased promotion of the ENIGMA technology. Already CLOAK’s current increasing value confirms its growing prominence.

CloakCoin redefines data privacy and makes its vision become reality.

Website: http://www.cloakcoin.com

Chat. http://chat.cloakcoin.com

Open Source: https://github.com/CloakProjectDev

The post Cloak’s Transaction System Enigma Is Open Source – A Milestone for Privacy appeared first on Crypto Currency Online.

source https://cryptocurrencyonline.co/cloaks-transaction-system-enigma-is-open-source-a-milestone-for-privacy/

Bitcoin Facing Decisive Year in 2018, Says Legendary Investor

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Elevation Partners co-founder and tech investing legend Roger McNamee said that he believes 2018 will be a decisive year for bitcoin.

Why 2018 is Decisive for Bitcoin

Speaking with CNBC, McNamee — an early Facebook investor — explained that next year will be crucial in determining whether bitcoin’s ascent is sustainable over the long-term or whether it will prove to be a short-term asset bubble.

Bitcoin is “still a very small market in the context of the larger financial world, but it has had a huge year,” McNamee said on “Fast Money.” We’ve done it around a speculative mania…”If a mania goes on long enough, it becomes self-fulfilling. Even after a crash, what follows is a legitimate industry.”

McNamee compared it — favorably — to the dotcom bubble that occurred at the turn of the millennium, recognizing that although the bubble caused a brief recession it spawned a legitimate, transformative industry.

The key, he said, is that bitcoin continues to captivate investors long enough that the “mania” becomes “self-fulfilling,” and he believes that this will be apparent by the end of 2018.

“With the amount of activity going on around it, there are people willing to invest the kind of dollars it takes to make a thing like bitcoin into a long-term part of the financial market,” he said. “You’ll have these big swings, up and presumably down, as well. And, you know, wherever that settles out I think will tell us a lot about the role of bitcoin long-term.”

Increased Institutional Involvement Needed to Prevent Collapse, Says Economist

McNamee is not the only industry observer who believes bitcoin has reached a crucial juncture in its short history.

Mohamed El-Erian, the chief economic adviser at European asset management giant Allianz, said earlier this week that he believes bitcoin’s recent downtrend could prove to be a “moment of truth” for the upstart cryptocurrency.

Noting that, despite the advent of bitcoin futures, institutional investors have yet to make a splash in the cryptocurrency markets, he said that how Wall Street responds to the correction could prove decisive in the asset’s long-term trajectory.

“Either this sharp price correction will act as a catalyst for expanding…institutional involvement in this market — or it will become a stage in the deflation of a remarkable and historic asset bubble,” El-Erian concluded.

Write to Josiah Wilmoth at josiah.wilmoth(at)cryptocoinsnews.com.

Featured image from Shutterstock.

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source https://cryptocurrencyonline.co/bitcoin-facing-decisive-year-in-2018-says-legendary-investor/

Global P2P Crypto Markets Experience Record Volume Throughout December

Market Updates

The global peer-to-peer (P2P) bitcoin markets have seen record trading volume as a consequence of last week’s major price retracement. According to data provided by Coindance, numerous national markets saw historically unprecedented trade volume throughout December – suggesting that many investors may have been taking profits following bitcoin’s dramatic bull run up to the $20,000 USD area.

Also Read: Markets Update: BTC Value Against the Dollar Continues to Slide 

Global P2P Trading Soars

According to Coindance, the week of the 23rd of December saw over $130 million worth of bitcoin exchange hands via Localbitcoins – comprising the largest week of P2P trade in bitcoin’s history.

Localbitcoins Weekly Gobal Trading Volume Measured in USD

Western P2P Markets Surge During Week of 23rd of December

The P2P bitcoin markets of most western nations saw record-breaking trade volume this past week. Peer-to-peer trade in USD set a new record for volume, with over $12.4 million in bitcoins exchanging hands. The Australasian markets have consistently rallied across December, with Australia’s P2P markets experiencing new all-time highs for trade volume for each consecutive week during December, whilst New Zealand’s markets broke volume records during weeks of the 2nd, 9th, and 23rd of December.

P2P trade between bitcoin and the national currencies of Denmark, Norway, Sweden, Switzerland, and the United Kingdom all set new records during the week of the 23rd of December, whilst peer-to-peer trade between bitcoin and the Euro established record trade volume during the week of the 16th of September.

EUR/BTC Localbitcoins Weekly Trading Volume

Eastern European Markets Witness Record Trade Volume During December

Russian P2P bitcoin trade established a new volume record of $1.75 billion RUB during the week of the 23rd of December – exceeding its prior record from the week of the 9th of December by approximately $30 million RUB. Last week’s volume spike comprised a new RUB/BTC volume record for the third time in four weeks.

Polish and Czech P2P bitcoin trading established record volume during the weeks of the 9th and the 16th of December, before experiencing a retracement heading into the week of the 23rd of December. During last week, trade in the Romanian Leu (ROL) fell roughly $2,500 ROL shy of testing its prior weekly volume record of approximately $1,425,000 ROL – that was established during the week of the 9th of December. Trade between bitcoin and the Kazakh Tenge also set a new record high for the week of the 9th of December, before volume consistently declined during the ensuing two weeks. Ukraine’s P2P markets also established a new record for trading volume during the week of the 9th of December.

Latin American P2P Markets Rally Throughout December

Several Latin American P2P bitcoin markets established new all-time highs for trade volume this past week, with Peru, Chile, and Venezuela all witnessing record-breaking volume.

Peru broke its preceding P2P volume record by almost 50%, with more than $1.5 million PEN worth of bitcoin exchanging hands during the week of the 23rd of December. During the same week, Chile also smashed its previous peer-to-peer volume high by nearly 50%, with more than $200 million CLP worth of bitcoin trading on Localbitcoins last week. Venezuelan P2P trading has continued on its trajectory of exponential growth, with over $350 billion VEF in bitcoin trading this past week.

Other South American peer-to-peer bitcoin markets have seen record trade volume in recent weeks, with Argentina and Colombia setting new records for volume during the week of the 16th of December, and the P2P markets of Mexico and the Dominican Republic experiencing record trade volume during the week of the 9th of December.

West Asian P2P Markets Have Also Witnessed a Dramatic Spike in Trade Volume During December

In the last four weeks, Iranian peer-to-peer trade has produced $71.2 billion IRR, almost $49.7 billion IRR, $26.6 billion IRR, and $16.7 billion IRR in trade respectively – dwarfing the Iranian markets’ previous volume high of $6.3 billion IRR in trade from the week of the 4th of November. Trade between the United Arab Emirates dirham (AED) and BTC has also smashed its prior volume record this month, with the last three weeks’ trade posting consecutive volume records comprising more than double that of the previous high.

AED/BTC Localbitcoins Weekly Trading Volume

Turkey has also witnessed record volume in its P2P markets for the preceding three weeks, with trade exceeding $1.7 million TRY during the week of the 23rd of December. Saudi Arabia established a record high of over $3.3 million SAR for P2P volume during the week of the 9th of December.

South East Asian Markets Witness Spikes in P2P Trade

The week of the 23rd of December saw several Southeast Asian peer-to-peer bitcoin markets set record trade volume, with Vietnam and Malaysia almost doubling their preceding all-time volume highs, and Indonesia also posting a new all-time high for volume.

The P2P markets for China, Thailand, Singapore, and the Philippines set new records for volume during the week of the 9th of December, whilst Hong Kong’s Localbitcoins markets rallied to establish a new volume high for the week of the 16th of December.

Other International Markets

The South Asian P2P bitcoin markets also experienced a dramatic spike in volume during December, with both India and Pakistan’s Localbitcoins markets witnessing weekly volume comprising more than double that of their preceding records.

Select African P2P markets rallied during December, with Nigeria and South Africa both setting record volume during the week of the 16th of December. Kenya established a new all-time high for trade volume during the week of the 9th of December.

Do you think that we will continue to see growth in the dollar-value of the trade volume witnessed by the P2P markets? Share your thoughts in the comments section below!

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Images courtesy of Shutterstock, Coindance

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The post Global P2P Crypto Markets Experience Record Volume Throughout December appeared first on Crypto Currency Online.

source https://cryptocurrencyonline.co/global-p2p-crypto-markets-experience-record-volume-throughout-december/

Cardano: The Latest Crypto to Springboard to New Highs

After looking at altcoins daily for months, I have noticed that a lot of coins either have a great product and average token economics, or great token metrics/economics and an average product. In the case of NoLimitCoin (NLC2), they have both. Their product is called No Limit Fantasy Sports.

Let’s look at NoLimitCoin’s product, a fantasy sports platform that allows users to participate using cryptocurrency as well as fiat currency. Fantasy football alone is estimated to be worth more than $7 billion a year in the U.S. and Canada in 2017. The No Limit Fantasy Sports platform will include NFL football, soccer, hockey, basketball, baseball, MMA and cricket.

Having partnered with some of the most influential figures in sports such as Joe Theismann, a former NFL Super Bowl champion, and Johnny Chan, a legend in the poker world, NoLimitCoin offers fantasy sports to crypto enthusiasts and sports fans alike. You can see Joe Theismann’s influence promoting NLC2 here in this video. Together with Johnny Chan NoLimitCoin will start approaching different gaming platforms to use NLC2 as a currency, including several poker sites. NoLimitCoin will also be recording a video commercial with Johnny Chan in both English and Chinese to promote its coin to a global market.

While many altcoins are struggling to release their first beta product, NoLimitCoin already has a working platform. Users can participate in the No Limit Fantasy Sports platform using regular currency or NoLimitCoin. This is a unique feature that NLC2 has over almost all other cryptocurrencies out there. Only a very select few coins offer their users the ability to purchase NLC2 of the exchanges via credit card. NLC2 will close the major gap which many average Joe’s and crypto enthusiast have to enter this market by adding this simple credit card payment via Visa and Mastercard. Moreover, No Limit Fantasy Sports charges up to 50% fewer fees than its competitors.

NoLimitCoin rewards users for holding coins in their wallet. This is known as staking a coin. The current rate is 4% extra NLC2 tokens per year just for holding tokens in your NLC2 wallet.

CryptoFantasySports.com has been released into production and it looks amazing. The field view option is something unique in fantasy sports. Here is how it looks:

Now, let’s take a look at the current value of the NLC2 token. With a current market cap of nearly $27 million, this token seems undervalued when comparing to other altcoins that have reached this level of maturity. The current valuation based on our research puts NLC2 in the $70-$90 million range. One main issue holding back NLC2 is the lack of liquidity by being listed on mainly smaller exchanges. There is a rumor that NLC2 may be added to a large exchange soon, but that information cannot be disclosed based on exchange NDAs. There are a lot of altcoins in the top 50-100 that don’t even have a working product. NoLimitCoin has a working product, a passionate and strong community at http://slack.nolimitcoin.org/, and is releasing new features on a regular basis.

No Limit Fantasy Sports platform accepts payment in the form of regular currency via credit cards, Bitcoin and Alipay. Alipay, as of 2017 has approximately 450 million registered users and is China’s top mobile payment service. Users of No Limit Fantasy Sports will soon be able to pay with Litecoin, Bitcoin Cash, and Ethereum.

Having talked with the team directly, I learned that NoLimitCoin is planning to do a unique update to its platform to help bring Fantasy Sports to the crypto world in a unique way. Behind the Coin, updates will be written as soon as these big announcements are communicated so that you will be the first to know.

Disclaimer: Author holds no investment position in NoLimitCoin at this time.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can’t afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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source https://cryptocurrencyonline.co/cardano-the-latest-crypto-to-springboard-to-new-highs/

Is the Centralized Ripple Database With the Biggest Pre-Mine Really a Bitcoin Competitor?

Cryptocoinopoly Is the Game That Lets You Play the Cryptocurrency Markets with Friends

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Someone was bound to create a cryptocurrency version of Monopoly. Well now they have, enabling you to gather friends and family to trade fake fiat currency for fake crypto. Playing with ersatz money won’t make the competition any less intense as you clamor to snap up Mayfair – or Bitcoin Core as it’s now known.

Also read: Poloniex Now Requires Legacy Trading Accounts to Verify Identity

Go to Hodl, Do Not Pass Go

The odds of an officially licensed version of crypto Monopoly being released seem as remote as ripple becoming a $10 coin. In other words, anything’s possible. For now though, hodlers can content themselves with printing their own version of the unofficial board recently shared by redditor ronoxe.

It features many of your favorite cryptocurrencies – plus a few you’re sure to loathe. “What the hell is cardano doing in the greens?” “Who put tron in there?” “Whose bright idea was it to add EOS?” All these points can be argued as you make your way around the board, skipping jail, rebranded as ‘hodl’, and trying to avoid paying capital gains tax. For crypto traders who aren’t getting enough of a buzz from the game, there’s nothing to stop you from playing with real crypto; the winner receives everyone’s cheapest alt bag.

Monopolize the Crypto Markets

One of the most fascinating things about Cryptocoinopoly is that it provides a snapshot of the markets at the point of the game’s creation. Were the board to be developed today, ripple certainly wouldn’t be languishing in the yellows; what a difference a week makes. It will be interesting to see which cryptocurrencies have traded places a year from now – and which will have been banished from the board altogether.

Since anyone is free to create their own version of Monopoly (even if Hasbro would prefer that they didn’t), it raises the possibility of there being competing editions of the game, each claiming to be the true Cryptocoinopoly. Highlights of this sharply designed edition include the orange properties, occupied by verge, Zcash, and monero, which shall henceforth be dubbed Privacy Street, plus the free parking square which is now ‘free market’. Instead of adding houses and hotels, players acquire cryptocurrency miners.

The game even has its own Github repository, which explains the objective as follows:

Acquire some of the most popular cryptocurrencies on the internet, charge players network fees for landing on your cryptos and collect money. Use your money to acquire more cryptocurrencies, build mining rigs and farms and become a whale in the crypto-world.

Monopoly has a storied history dating back to to 1903, when anti-monopolist Elizabeth Magie created The Landlord’s Game, as it was then known. This precursor to Monopoly was intended to illustrate the downsides to having land concentrated in private monopolies. In other words, it was a primer on the dangers of centralization. It seems fitting, 115 years on, that Monopoly should be reimagined as an introduction to decentralized currency.

What would you change on the Cryptocoinopoly board? Let us know in the comments section below.

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Images courtesy of Shutterstock and Cryptocoinopoly.

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Play with confidence! We guarantee that every Video Poker game you play at Bitcoin Games is completely fair. You will be dealt a completely random deck of cards every game, and we can provably demonstrate that we have in no way manipulated the shuffle.

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source https://cryptocurrencyonline.co/cryptocoinopoly-is-the-game-that-lets-you-play-the-cryptocurrency-markets-with-friends/

Long-Term Cryptocurrency Analysis: Correction Continues as Ripple Goes Berserk

It has been a hectic and emotional holiday week for the crypto segment, and it is far from being over as the major coins are in the midst of a volatile weekend before the New Year. Ripple continued to make headlines as the strongest coin by far, rocketing past Ethereum for the second place of the capitalization list, even as ETH remained relatively strong amid the broad correction.

Bitcoin almost traded within last Friday’s daily range all week long, except a brief period over the $16,000 level, but the selling pressure never really abated. The coin is now back near the lower end of the range, after falling below the key $13,000 support again. We expect the correction to continue with a likely dip below the $10,000 level, although the extreme momentum levels are now cleared. Primary support is at $11,300, with further levels found at $10,000, $9000, and stronger levels at $8200 and $7700.

BTC/USD, Daily Chart Analysis

Ripple’s uptrend continued in earnest throughout the week, and it not only broke out above the $1.25, hitting the range projection target and triggering a sell signal yesterday, but took out all stops and spiked way above the $2 level today in early trading before entering a pull-back. Now even short-term traders should stay away from new positions, given the extreme overbought momentum readings, as a deep correction is likely already underway. Key support levels below $1.50 are found at $1.25, $1, $0.85, and $0.68.

XRP/USDT, Daily Chart Analysis

Let’s see the outlook for the other major altcoins before the New Year.

Ethereum

ETH/USD, Daily Chart Analysis

Ethereum is holding up well amid the broad sell-off, although the long-term momentum indicators still suggest more correction. That said, given the lengthy consolidation period before the recent break-out, the coin should remain strong during the bearish cycle. Key support levels are still found at $625 and $575, while the all-time high is ahead at $850 as resistance.

Litecoin

LTC/USD, Daily Chart Analysis

Litecoin continued its correction as expected, and it is now trading just above the $200 level after today’s sell-off, with still being relatively weak compared to the other majors. We expect the currency to test last Friday’s lows soon, and a dip to new lows is also likely during this cycle. Key support levels are found at $125 and $100, with a weaker zone around $170, and primary resistance ahead between $250 and $260.

Dash

DASH/USD, Daily Chart Analysis

Dash traded near its mini-crash low today and the coin is now also relatively weak following the stellar rally of the previous months. The coin looks ready to continue the correction after the post-crash bounce, and the $815-$865 support zone is unlikely to hold, with further important levels found just above $600, at $500, $470, and near $410.

Ethereum Classic

ETC/USD, Daily Chart Analysis

Ethereum Classic already dipped below the Friday low, being one of the weakest majors during the correction, and we expect another leg lower below the prior all-time high at $23. The extreme overbought readings are getting cleared, but investors should still wait with adding new positions until a more favorable risk-reward opportunity. Strong support under $23 is found at $18, while primary resistance is ahead at $30.

Monero

XMR/USD, Daily Chart Analysis

Monero broke the dominant rising trend today, and with the MACD still showing extreme readings, a deep correction is likely underway in the coin. While the $300 support held up during the sell-off, we expect a move below that, with further key levels found at $240, $200, $180, and $150.

IOTA

IOTA/USD, Daily Chart Analysis

IOTA remained under strong selling pressure amid the broad bounce, and the coin tested the $3 level yet again today, still being among the weaker majors. The long-term MACD is still in a bearish setup, and although the coin is ahead of the other majors in the cycle, further corrective price action is likely. Support levels are still found at $3, $2.35, and $1.50.

How to Use These Charts?

As we stressed in our article on Bitcoin: “…not all strategies are binary (either holding an asset or not).There are many long- and short-term investment and trading strategies that can be successful in a roaring bull market like the one that the crypto-coin segment is experiencing, but mixing the time-frames and mixing trading and investing (see our article on the topic) could lead to troubles.”

Here is a reminder of some of the possible strategies once again:

• Buy and hold, without caring about day-to-day (or even month-month) fluctuations
• Buy and hold a core position and add on the major dips; a very powerful strategy
• Buy a certain amount every week or month, and even-out your entry price, without the hassle of timing the market
• Try to catch major turning points to reduce and “re-boost” your position
• Trade short-term movements with stop-losses, targets, and strict risk management (this is trading not investing)”

Featured image from Shutterstock

Disclaimer:  The analyst owns cryptocurrencies. He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins.

Important: Never invest (trade with) money you can’t afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Follow @HackedCom

Feedback or Requests?

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source https://cryptocurrencyonline.co/long-term-cryptocurrency-analysis-correction-continues-as-ripple-goes-berserk/