April 2018

Why Should You Choose Electra? – Electraproject –

When investors and newcomers alike come flocking to the cryptocurrency scene, often they are stunned at how many different coins and tokens comprise the more than $300 Billion market cap seen at the time of this writing. Selecting a cryptocurrency project to invest in can be a daunting task and sometimes we just need a little help in deciding which cryptocurrencies to invest our hard-earned money into. A little guidance can go a long way in helping you decide.




Facebook to Be Sued in UK Over Fake Bitcoin Ads

“Enough is enough,” says one high-profile British entrepreneur, who is taking social media giant Facebook Inc. (FB FB Facebook Inc 174.16 +9.06%) to court in a crusading defamation case. Martin Lewis, a popular U.K. personal finance guru, wrote in a press release that within the last year the Silicon Valley platform had published more than 50 scam advertisements using his name and image to deceive people. (See also: Already More ICOs in 2018 Than All of 2017: $6.3B.)

Lewis, who runs the popular consumer finance site MoneySavingExpert.com and is host of ITV’s “The Martin Lewis Show,” says he has been “fighting for over a year to stop Facebook letting scammers use my name and face to rip off vulnerable people—yet it continues. I feel sick each time I hear of another victim being conned because of trust they wrongly thought they were placing in me. One lady had over £100,000 taken from her.” Lewis said many of the ads were running “get rich quick” schemes, with titles such as “Bitcoin code” or “Cloud trader.”


Why zk-SNARKs Are Crucial For Blockchain Data Privacy

Data privacy has been a hot topic lately. The revelation that millions of Facebook users’ data were breached by the political consulting firm Cambridge Analytica has sent a jolt through the tech world.

With the amount of data people provide to companies like Facebook, it’s essential to have ways to protect information and keep sensitive data safe. And zk-SNARKs are a valuable weapon in the battle for privacy and security.

Known for its widespread use in Zcash, zk-SNARK is an acronym for “zero-knowledge, Succinct, Non-Interactive Argument of Knowledge.”

It’s a mouthful to say, but its capabilities are simple. zk-SNARK is a form of cryptography that proves possession of certain information without revealing that information, and without any interaction between the prover and verifier.


Bitcoin price analysis: BTC/USD capped by 200-DMA; expert predicts run towards $11,500

Bitcoin consolidates with mild upside bias after Tuesday’s stellar rise.
Bill Baruch expects BTC growth towards $11,500 shortly.
Bitcoin, cryptocurrency No.1, extended a stellar run on Wednesday to trade at $9,720. The bullish momentum led to the Bitcoin market cap increase by over $10B in a single day, reaching $165.5B.

BTC/USD broke above 100-DMA for the first time since the end of January, which makes the long-term picture look bullish enough for the experts to forecast an imminent run towards the next target of $11,500 in the nearest future.




Circle Trade Raises Minimum Bitcoin OTC Limit to $500k

Minimum order size for bitcoin trades at Circle, one of the largest liquidity providers and over-the-counter (OTC) digital asset marketplaces in the world, has shot up to $500,000. That’s 100 percent higher compared to where the figure stood previously.

Rising OTC order sizes
OTC services are optimized for high net worth institutions and individuals looking to conduct large cryptocurrency trades without adversely affecting the market.

In a recent conversation with Business Insider, Circle Trade CEO Jeremy Allaire acknowledged that OTC order size had undergone a steep rise since January 2018 despite the slowdown in the 24-hour volume on retail exchanges.

According to Allaire, the average OTC order at Circle Trade currently stands at nearly $1 million with a few going as high as $100 million. However, the corresponding 24-hour volume on retail exchanges has come down to almost $20 billion a day from $70 billion at the beginning of the year. He further added that the average size of OTC orders would continue to rise.


Cryptocurrency Market Surges to $365 Billion, Start of Lambo Season….ermm Bull Run?

Altcoin Season is Back
Throughout 2018, amidst extreme volatility and recovery, investors inclined towards bitcoin as the safe haven asset. With the deepest liquidity and largest volume in the global market, bitcoin was able to sustain some stability while many cryptocurrencies recorded a free fall. Most assets declined by more than 80 percent from their all-time highs and struggled to record gains against bitcoin.

Over the past seven days, alternative cryptocurrencies (altcoins) and other major cryptocurrencies have consistently reported gains against the most dominant cryptocurrency in the market. The daily trading volume of the global cryptocurrency market crossed the $20 billion mark for the first time in April and the valuation of the market achieved a new monthly high.

In March and early April, investors were skeptical towards investing in cryptocurrencies other than bitcoin and Ethereum because they were uncertain about the short-term future of the cryptocurrency market. While altcoins tend to have intensified movements on the upside, it also has larger movements on the downside, and investors thought the risk was not worth taking.