Passive Income

This is the Career Progression which will be given to all the Leaders depending on their performance !

Note: To earn/achievement this reward, it has to entail the volume of sales your team makes

There are 6 levels of Progression

Name :- LEADER
Sales:- $30,000 Left & $30,000 Right
Rewards:- $1000 CASH

Name :- BRAND
Sales:- $85,000 Left & $85,000 Right
Rewards:- Diamond Shredded Hublot Watch

Name :- TRENDSETTER
Sales:- $275,000 Left & $275,000 Right
Rewards:- LOUIS VUITTON + APPLE SET

Name :- PROFESSIONAL
Sales:- $625,000 Left & $625,000 Right
Rewards:- SPORTS BIKE + $25000 CASH

Name :- DIRECTOR
Sales:- $900,000 Left & $900,000 Right
Rewards:- SPORTS CAR + $55000 CASH

Name :- LEGEND
Sales:- $145,000,000 Left & $145,000,000 Right
Rewards:- LUXURIOUS VILLA + $200,000 CASH

Passive Earning
≠=================
PACKAGE 6:–
PREMIUM
Cost: $50,001 – $500,000
Returns: 14% Every Week ($7,000… )
Investment Period: 44 weeks
Total Earnings: $308,006
BTC mine: 2.75%%
if you invest $50001 you will get 14 ads on every Sunday ! once you see them you will get 14%every week [$7000 every week] for 44 weeks + you will get a extra income of bitcoin of 2.75% for 44 weeks
So on your investment of $50001
you will earn $7000[returns] +
$50001[Principle return] +
2.75%[ Bitcoin Mining] +
2.75%[ Litecoin Mining] +
2.75%[ Ethereum Mining]
$ 7000.14 ad income every week +$ 1375.02 bitcoin mining returs every week + $ 1375.02 Litecoin mining returs every week + $ 1375.02 ethereum mining returs every week

so total every week you make $ 11125.2 &
every month you make $ 44500.8
for 11 months you make $ 489508.8
Nice Investment Plans
=====================
PACKAGE 5:–
: PLATINUM
Cost: $15,001 – $50,000
Returns: 12% Every Week ($1,800… )
Investment Period: 44 weeks
Total Earnings: $79,205
BTC mine: 2.25%%
if you invest $15001 you will get 10 ads on every Sunday ! once you see them you will get 12%every week [$1800 every week] for 44 weeks + you will get a extra income of bitcoin of 2.35% for 44 weeks
So on your investment of $15001 you will earn
$79205[returns] +
$15001 [Principle return] +
2.35%[ Bitcoin Mining] +
2.35%[ Litecoin Mining] +
2.35%[ Ethereum Mining]
$ 1800.12 ad income every week +$ 352.52 bitcoin mining returs every week + $ 352.52 Litecoin mining returs every week + $ 352.52 ethereum mining returs every week

so total every week you make $ 2857.68 &
every month you make $ 11430.72
for 11 months you make $ 125737.92

Good Refferal Comission
======+++========
PACKAGE 4:–
GOLD
Cost: $500 – $15,000
Returns: 10% Every Week ($50…)
Investment Period: 44 weeks
Total Earnings: $2200
BTC mine: 2.05%
if you invest $500 you will get 8 ads on every Sunday ! once you see them you will get 10%every week [$50 every week] for 44 weeks + you will get a extra income of bitcoin of 2.05% for 44 weeks
So on your investment of $500 you will earn
$2200[returns] +
$500 [Principle return] +
2.05%[ Bitcoin Mining] +
2.05%[ Ethereum Mining] +
2.05%[ Litecoin Mining]
$ 50 ad income every week +$ 10.25 bitcoin mining returs every week + $ 10.25 Litecoin mining returs every week + $ 10.25 ethereum mining returs every week

so total every week you make $ 80.75 &
every month you make $ 323
for 11 months you make $ 3553
======+++============
PACKAGE 3 :–
SILVER
Cost: $300
Returns: 9% Every Week ($27)
Investment Period: 44 weeks
Total Earnings: $1188
BTC mine: 1.70%
if you invest $300 you will get 4 ads on every Sunday ! once you see them you will get 9%every week [$27 every week] for 44 weeks + you will get a extra income of bitcoin of 1.70% for 44 weeks
So on your investment of $300 you will earn
$1188[returns] +
$300 [Principle return] +
1.70%[ Bitcoin Mining]+
1.70%[ Ethereum Mining]+
1.70%[ Litecoin Mining]
$ 27 ad income every week +$ 5.1 bitcoin mining returs every week + $ 5.1 Litecoin mining returs every week + $ 5.1 ethereum mining returs every week

so total every week you make $ 42.3 &
every month you make $ 169.2
for 11 months you make $ 1861.2
==============+=+=======
PACKAGE 2 :–
STARTER
Cost: $100
Returns: 8% Every Week ($8)
Investment Period: 44 weeks
Total Earnings: $352
BTC mine: 1.35%
if you invest $100 you will get 4 ads on every Sunday ! once you see them you will get 8%every week [$8 every week] for 44 weeks + you will get a extra income of bitcoin of 1.35% for 44 weeks
So on your investment of $100 you will earn
$352 [returns] +
$100 [Principle return] +
1.35%[ Bitcoin Mining] +
1.35%[ Ethereum Mining] +
1.35%[ Litecoin Mining]
$ 8 ad income every week +$ 1.35 bitcoin mining returs every week + $ 1.35 Litecoin mining returs every week + $ 1.35 ethereum mining returs every week

so total every week you make $ 12.05 &
every month you make $ 48.2
for 11 months you make $ 530.2
=======================
Package LIGHT
Cost: $25
Returns: 7% Every Week ($1.7)
Investment Period: 44 weeks
Total Earnings: $77
BTC mine: 1.10%
if you invest $25 you will get 2 ads on every Sunday ! once you see them you will get 7%every week [$1.77 every week] for 44 weeks + you will get a extra income of bitcoin of 1.10% for 44 weeks
So on your investment of $25 you will earn
$77 [returns]
+ $25 [Principle return]
+ 1.10%[ Bitcoin Mining]
+ 1.10%[ Ethereum Mining]
+ 1.10%[ Litecoin Mining]
$ 1.76 ad income every week +$0.275 bitcoin mining returs every week + $0.275 Litecoin mining returs every week + $0.275 ethereum mining returs every week

so total every week you make $ 3.535 &
every month you make $ 14.14
for 11 months you make $ 155.54
===========+=============

Cryptocurrency Activities Will Be Legal and Tax Free in Belarus

The decree signed by Belarusian president Alexander Lukashenko which legalizes cryptocurrencies, initial coin offerings, and smart contracts, will enter into force in March. Cryptocurrency activities are not restricted by the decree and will be tax exempt until 2023.

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Cryptocurrencies Soon To Be Legal

Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March
Alexander Lukashenko.

The decree which legalizes cryptocurrencies, initial coin offerings (ICOs) and smart contracts in Belarus will go into effect on March 28. Entitled “On the development of the digital economy,” it was signed by President Alexander Lukashenko on December 21, as reported previously.
Want to buy,sell,exchange bitcoin:Most Trusted and Instant Exchanger

“The decree entitles legal entities and individual entrepreneurs who are residents of the High Technology Park (the HTP) to perform operations with tokens (including cryptocurrency),” explained Iryna Chelyshava, an associate attorney at the Belarusian law firm of Vlasova Mikhel & Partners. “Others can use tokens in the territory of Belarus through residents of the HTP,” she elaborated on Jurist.

Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in MarchThe HTP is a special economic zone with a special tax and legal regime in Belarus, analogous to Silicon Valley in the US. According to its website, 192 companies that develop software products and provide IT services to customers from 67 countries worldwide are residents of the park, 35% of which are enterprises with 100% foreign investments.

The park describes itself as “the main experimental site for the implementation of pilot projects,” including those based on cryptocurrencies. According to its announcement this week:

The HTP Administration draws your attention to the fact that Decree No.8 ‘On the development of the digital economy’ comes into force on March 28, 2018.

No Restrictions and No Taxes

“The new decree legalizes ICOs, cryptocurrencies, and smart contracts,” the HTP explained. It “does not imply any restrictions and special requirements for the operations of creation, placement, storage, alienation, exchange of tokens, as well as the activities of crypto exchanges and crypto platforms.” Furthermore, the park clarified:

Activity such as mining, acquisition, alienation of tokens, carried out by individuals, are not entrepreneurial activities, and tokens are not subject to declaration. At the same time, until 2023, activities related to mining, the creation, acquisition and alienation of tokens are not taxed.

Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in MarchChelyshava explained that the decree provides the definition of tokens, cryptocurrencies, and smart contracts. “The definition given in the decree for cryptocurrency lists it as a version of the token,” she conveyed, adding that “for now the decree does not provide the criteria of cryptocurrency that would distinguish it from tokens.” As for smart contracts, the definition “is broad enough to encompass various approaches to the understanding of smart contracts that exist now,” she emphasized. For tokens, she wrote:

The decree does not specify the nature of the certain civil right, and therefore the concept of ‘token’ is provided with a high degree of flexibility.

By making smart contracts legal documents, “Belarus becomes the first country in the world to legalize smart contracts at the country level,” the HTP noted.

Anton Myakishev, the head of Microsoft’s Belarus office, told Reuters that “the decree is a breakthrough for Belarus,” adding that “it gives the industry the possibility to make a leap forward in its development and allows foreign capital the possibility to come to Belarus and work in comfortable conditions.”

What do you think of Belarus making a tax-free zone for cryptocurrencies? Let us know in the comments section below.

Bitconnect Shuts Down Its Exchange Citing a String of Excuses

In a move that will surprise few observers, Bitconnect has announced that it is closing its lending and exchange platform. The company has widely been accused of operating a Ponzi scheme and was recently rocked by cease and desist notices in two US states. Immediately after the firm declared its intention to wind things up, its BCC coin plummeted from $290 to under $10 before recovering slightly. With the exchange offline, many holders have been left locked out and powerless to sell their heavily deprecated assets.

Need to Buy Bitcoin:Most Trusted and Instant Excahngerbitconnect-shutdown-1068x1068

Bitconnect Bids Bye Bye

Pressure has been mounting on Bitconnect for months, with leading figures within the crypto community, from Vitalik Buterin to Jameson Lopp, speculating that the exchange was not all it was cracked up to be. News.Bitcoin.com reported on these rumors back in November before revealing, less than a fortnight ago, that the company had been slapped with an emergency cease and desist order in Texas. Among many red flags to have set alarm bells ringing were Bitconnect’s extremely odd marketing videos, described by one commenter as being “like scientology merged with hillsong infused with dorks and used car salesmen”.

Bitconnect Shuts Down Its Exchange, Citing a String of Excuses

In an update posted on the Bitconnect website, the company said it was halting its lending and exchange service due to the spate of cease and desist notices coupled with “bad press” and a string of DDoS attacks. Unfortunately, due to the ongoing DDoS attacks, the blog post can’t be accessed at this time. The “bad press” that Bitconnect cites, otherwise known as accurate reporting, has been invaluable in helping guide crypto newcomers away from the platform.

Bitconnect Shuts Down Its Exchange, Citing a String of Excuses

A Secret Blend of Herbs and Spices

The exact workings of Bitconnect’s secret sauce that purportedly makes its investors generous returns has never been disclosed, but the general consensus is that the whole operation is little more than a pyramid scheme. It is almost certain that Bitconnect’s “intelligent trading bot” which makes profitable trades and then shares those dividends with the community, does not exist.


The Bitconnect statement in full

It is not clear whether the news of Bitconnect’s lending service shutdown heralds the end of the company altogether, although it is hard to imagine it being able to limp on in any shape or form after shuttering its main hub. DDoS attacks are a tactic that a number of deep web marketplaces have used to sow confusion ahead of an exit scam. It is impossible to ascertain the origins of the distributed denial of service the site is under, though it it is not beyond the realms of possibility that the attack may have originated from close to home.

Bitconnect Shuts Down Its Exchange, Citing a String of Excuses

Bitconnect Token Falls Through the Floor

Historically, Bitconnect’s BCC token has been remarkably stable, maintaining steady growth in a pattern not dissimilar from that of bitcoin. But as news.Bitcoin.com noted back in November:

With most of the BCC in existence locked in the company’s exchange, if its founders were to perform an exit scam or wind up behind bars, millions of dollars of bitcoin would instantly be locked up and BCC would be rendered worthless.

That prophecy has now come to pass. Coinmarketcap reports zero trade volume on the Bitconnect platform in the last 60 hours, leaving its token still listed at $290 there. On other platforms though, such as Coinexchange, which recorded 24-hour BCC trade volume of $1.26 million, the token dropped to $8 before recovering to around $25 at the time of publication. Coinmarketcap, the web’s go-to cryptocurrency checker, has previously come in for criticism for hosting ads promoting Bitconnect. Coincodex, in comparison, has elected to post a notice alongside BCC warning investors away. Its CEO Marko Stokelj previously told news.Bitcoin.com:

Bitconnect employs a number of dubious methods in order to operate and promote its business. The business model outlined by the company is economically unsustainable with the current level of returns unable to be validated by any legally known investment system.

While some observers in the crypto community may feel a touch of schadenfreude at Bitconnect’s demise, it is worth being mindful of the many victims who will have suffered heavy losses. Thanks to its marketing strategy, including use of referral schemes, Bitconnect preyed on newbs who lacked the necessary understanding to differentiate legitimate cryptocurrencies from get rich quick schemes.

Bitconnect Shuts Down Its Exchange, Citing a String of Excuses

If the news emanating from Bitconnect’s 404’d website does prove to be terminal – and it’s hard to imagine the company coming back from this – there will at least be some good to come out of this story. A number of similar sites with names such as Ethconnect have appeared in recent months, each with the same opaque business model. The fall of Bitconnect will hopefully serve as a warning to other crypto startups not to go down the same route. For Bitconnect bag-holders, though, this cautionary tale will provide little consolation.

UPDATE: This post has since been updated to include a screenshot of the Bitconnect statement in full.

After Coinbase Rejects Rumors of Adding New Assets Ripple Dips

Ripple has taken a hit by a move to end rumors that Bitcoin’s centralized competitor might be introduced to the leading trading platforms in the US. No decision to add new assets to either GDAX or Coinbase has been made, the exchange said in a blog post dismissing any statements to the contrary. Ripple lost some $30 billion of market capitalization on the day of the announcement.

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God Giveth, God Taketh

The clarification on the matter came in response to unverified rumors and unfounded reports that Coinbase might add Ripple to its cryptocurrency markets. They have most certainly helped fuel Ripple’s surge that doubled its price in a week. After Coinbase stated it had no intentions to change its Digital Asset Framework in the short run, Ripple wobbled in charts and lost 20 percent of its value before it rebounded a little. Its capitalization is now below $125 billion, down from Thursday’s peak at almost $149 billion. One XRP coin is currently trading for less than $3.25 USD at the time of publishing according to Coinmarketcap.

Ripple Dips after Coinbase Rejects Rumors of a New Asset

Coinbase is the biggest cryptocurrency marketplace in the US and operates the Global Digital Asset Exchange (GDAX), a platform for trading a variety of digital assets, and a broker processing crypto-fiat transactions. It trades Bitcoin, Litecoin, Etherium and has added Bitcoin Cash support last month. BCH jumped 70% after the latest update of its Digital Asset Framework. The December 17 announcement had been proceeded by a leak that attracted a lot of criticism and led to an internal investigation.

Yesterday Coinbase made it clear that it had no immediate plans to start trading Ripple, although XRP was not explicitly mentioned in its blog post:

We have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.

Coinbase also reminded that its Digital Asset Framework, released a few months ago, highlights the criteria for supporting new assets. It added that a committee of internal experts was responsible for determining whether and when new assets would be added and insisted that these employees were subject to confidentiality and trading restrictions.

Ripple Dips after Coinbase Rejects Rumors of a New Asset

Ups and Downs, and Peace of Mind

Ripple’s rise made it the second most valued cryptocurrency after Bitcoin during a spell when BTC saw its market share falling below 40%. XRP was trading for as little as $0.006 in January and ended 2017 at a price of $2.30 USD. A few days ago the current and former CEOs of the company, Chris Larsen and Brad Garlinghouse, were ranking among the wealthiest Americans according to Forbes. Larsen, cofounder and Executive Chairman, who reportedly has the largest stash of ripples, would have placed somewhere between Steve Ballmer and Mark Zuckerberg in the 400 richest people list on Monday. But there have been some ups and downs since then – Ether passed the $1,000 barrier and Bitcoin is touching $16,000 again.

In the volatile world of digital money, following experts’ advice and staring at charts doesn’t always help to find a way to sustainable growth and lasting wealth. Reading the Holy Scripture, however, may bring some peace of mind and a sense of intrinsic value: “Naked came I…, naked shall I depart! The Lord gave, and the Lord hath taken away!”

Do you think Ripple has a chance to compete with Bitcoin, despite its centralized design? Tell us in the comments section below.

Locked Out Visa Veto Leaves Several European Cryptocurrency Cards

European cryptocurrency card holders are awakening to discover that their plastic is now worthless. A Visa-led crackdown has seen several crypto card issuers forced to call an end to their services across Europe. Visa subsidiary Wavecrest is being blamed for the withdrawal of service, which affects scores of crypto card issuers including Bitwala, Tenx, Bitpay, and Xapo.

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Visa Issues a Veto

Seemingly overnight, Visa, acting via Wavecrest, has put an end to cryptocurrency cards. The prepaid cards, which have become extremely popular in the crypto community, provide a means of indirectly paying for goods and services using cryptocurrency. The cards are a means of bridging the gap between the fiat and crypto worlds, preventing hodlers from needing to cash out to spend their digital assets.

Visa Veto Leaves Several European Cryptocurrency Cards Locked Out

Tenx’s PAY token has dropped discernibly since the story broke

As a result of the surprise crackdown, companies such as Cryptopay, Bitwala, and Bitpay have been left with no choice but to end their European services and return funds to users. Upon news of the clampdown emerging, the price of the PAY token linked to the Tenx card dropped by 15%. With the Tenx wallet on Bittrex still offline, seemingly as a result of the Spectre bug being patched, many token-holders have been unable to transfer PAY from their mobile wallets to their normal exchange. The Tenx PAY token was trading at $5 hours ago, but is now sitting at around $4.30.

Bitwala were one of the first card-issuers to break the story to their customers, tweeting:

Visa Veto Leaves European Cryptocurrency Cards Locked Out

Cryptopay tweeted: “Unfortunately, our card issuer instructed us to cease all Cryptopay prepaid cards starting January 5th, 2018. All funds stored on cards are safe and will be returned to your Cryptopay accounts ASAP. Sorry for all the inconvenience caused, we’re working on the solution!” Other crypto card companies have yet to pass comment, but it appears that the vast majority of European cryptocurrency cards are reliant on the Gibraltar-based Wavepay including Uquid, Coinsbank, Spectrocoin, Advcash, and Wirex.

Xapo’s European Service is Zapped

In an email sent to its customers today, Xapo explained: “Unfortunately, Xapo did not receive any anticipated notice to prepare for – and have our cardholders prepare for –  the cancellation of our Card program.” It continued:

Your Xapo Card has been deactivated, and you will not be able to use it for further payments or withdrawals. The rest of your Xapo account remains active, and you can continue to access your Xapo wallet balance and funds without interruptions. All other Xapo services are available for your use, as always.

The email finished: “As a token of our appreciation for being a loyal Xapo customer, once we are able to service Xapo Cards in your country again, we will offer you a new card free of charge. We are hard at work to find alternative card solutions for you. The past years have shown what a powerful product a cryptocurrency payment card can be, and we are already in discussions with potential card issuers allowing Xapo to continue serving customers in Europe and beyond.”

Legacy Finance Lashes Out

Visa Veto Leaves European Cryptocurrency Cards Locked OutThe reasons for Visa electing to wield the banhammer are unclear, though the company has long been regarded as hostile to bitcoin. Given that bitcoin threatens to disrupt the status quo, of which Visa is a firmly entrenched part, that tallies. Visa has stated that the cards have been suspended due to “continued non-compliance with our operating rules”, and insists the move isn’t part of a targeted campaign against cryptocurrency. It also claims that Visa cards which convert Bitcoin into fiat currency won’t be affected by the decision, stating:

Visa has other approved card programmes that use fiat funds converted from cryptocurrency in a number of jurisdictions. The termination of WaveCrest’s Visa membership does not affect these other products.

Web-users who value their financial freedom have long been been wary of Visa. This is the company, after all, which facilitated the financial blockade of Wikileaks in 2011. That decision ultimately proved to be Wikileaks’ salvation, with Julian Assange later crowing that the switch to bitcoin caused a windfall as the cryptocurrency began to multiply in price.

The repercussions of the Wavepay edict are still being felt, and it is too early to say whether the affected crypto companies will be able to find an alternative payment processor. Whatever the reason for the ban, the case illustrates something bitcoiners have known for years: too much centralization is a dangerous thing.

Do you think Visa has valid reasons for shutting down crypto cards, or is it simply hostile to cryptocurrency? Let us know in the comments section below.

After Tripling in a Week Stellar Rockets into the Cryptocurrency Top 10

2018 is still in diapers and yet the cryptocurrency top 10 is already looking very different to last year. Gone are the likes of dash, replaced by coins that have never reached these heady heights before: tron and stellar. The latter peaked at number six this week after tripling in value in seven days from a low of 32 cents. Stellar now boasts a $13 billion market cap. After lying low for the first three years of its existence, stellar is riding high and attracting widespread media attention.

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From a Ripple to a Rocket

Stellar is described is an open-source project with a “distributed, hybrid blockchain”. It “exists to facilitate cross-asset transfers of value, including payments. The Stellar Network forms “an open, global financial network where all actors – be they people, payment networks, or banks – have equal access”. If that sounds a lot like Ripple, that’s because it is: Stellar is Ripple’s sibling, having been created by Ripple cofounder Jed McCaleb after he left the company. McCaleb is also famous for having sold Mt Gox to Mark Karpeles in 2011. Stellar was initially a fork of the Ripple protocol, before later being extensively rewritten.

Stellar now boasts a $13 billion market cap. After lying low for the first three years of its existence, stellar is riding high and attracting widespread media attention.

Lumens (XLM) are the currency that power the Stellar Network, which boasts transaction times of under five seconds. The network has a fixed inflation rate of 1% per year. Like Ripple, Stellar’s targets are financial institutions and corporations, and the company has already inked deals with IBM and Deloitte; the latter is classified as a partner. Stellar’s goal, like that of many cryptocurrencies, is to become the web’s go-to payment solution. Low fees and fast transaction times are its two biggest claims, although the same can be said of many altcoins.

Billions of Lumens Shining Bright

In 2017, 29 cryptocurrencies exceeded bitcoin’s 1,600% gains, and stellar was one of them. Its value has grown an astonishing 28,000% in the space of a year. In the past 24 hours, $800 million lumens were traded on exchanges. The token reached an all-time high of 90 cents this week and is currently trading for around 75 cents.

Stellar Rockets Into the Cryptocurrency Top 10 After Tripling in a WeekSome commenters see Ripple and Stellar as locked in a battle for supremacy, enacting their own version of Bitcoin Core vs Bitcoin Cash. Given the similarities between Ripple and Stellar, including their shared codebase, people, and target audience, these comparisons are inevitable. In terms of developing relationships with banks and other financial institutions, Ripple is streets ahead, but Stellar has the upper hand in other areas.

For one thing, it’s not hoarding 60% of the total supply to itself. Ripple, on the other hand, still holds 55 billion XRP. The total number of coins in existence on each network is very similar though, standing at 100 billion ripple and 103 billion stellar. 17.8 billion stellar are in circulation right now, two billion of which were awarded to Stripe in 2014 in exchange for a $3 million loan. If Stripe still has them, those lumens are now worth billions.

Despite Stellar’s interstellar ascent, not everyone is convinced by the cryptocurrency.

Stellar now boasts a $13 billion market cap. After lying low for the first three years of its existence, stellar is riding high and attracting widespread media attention.

How Centralized is Stellar?

Like Ripple, Stellar usesstellar-1068x1068ich have close ties to Stellar. As a consequence, stellar is not a true decentralized currency. Generally speaking, the closer a cryptocurrency is aligned with institutional investors, the more centralized it is by design. For what it is worth, Stellar is at least less centralized than Ripple.

It is debatable whether Stellar is worth its $13 billion market cap, but then the same could be said of many cryptocurrencies lurking in the top 10, including Ripple, Tron, and Cardano. In an irrational market, assets are worth whatever the next buyer’s willing to pay for them, and right now that figure is higher than the one before. If Ripple can become a $3 coin, there’s no reason why Stellar can’t continue on its rocket ride to infinity and beyond. After months of bitcoin dominance, altcoin season has returned, and it’s the penny stocks of the crypto world that are shining the brightest.

Which project do you prefer – Stellar or Ripple? Let us know in the comments section below.

Bittrex Wallets Are Taken Offline as Companies Scramble to Patch the Intel Bug

On Wednesday, the tech world was rocked by revelations of a computer chip vulnerability that exposes critical data. Meltdown and Spectre are the names assigned to the newly discovered flaws which primarily affect Intel chips. From a security perspective, the bug concerns everyone who uses an Intel-powered device to connect to the internet, which is pretty much everyone. But from a practical perspective, the bug is already making its presence felt: today Bittrex exchange was forced to take numerous wallets offline while Azure servers were patched.

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A Bug in the System

Bittrex Wallets Are Taken Offline as Companies Scramble to Patch the Intel BugComputer bugs and vulnerabilities are discovered all the time, but the Intel one is particularly nasty. It risks leaving passwords and other critical data exposed on billions of internet connected devices, from smartphones to PCs. While patches are being rushed out for the major operating systems, hackers are trying to find ways to exploit the vulnerability, which could provide them with complete system access. Spectre forces programs to leak confidential data, while Meltdown noses around in the system kernel for the same purpose.

Cryptocurrency holders, who already face a heightened threat from hackers, have good reason to be concerned. In addition to affecting personal computers, Spectre and Meltdown spell danger for cloud-based systems. Cloud computing providers store data from multiple clients on the same server. If that server were to be exploited, it would theoretically be possible for an attacker to access multiple accounts.

A Dark Cloud

Cryptocurrency exchanges, whose websites carry a heavy load, are reliant on the cloud. While the likes of Amazon have been rushing to patch their servers, exchanges have been affected by outages and reduced service. Earlier today, Bittrex tweeted:

Azure accelerated a planned reboot due to the public Intel disclosure. Wallets will be online again once they complete post reboot audits.

At present, withdrawals and deposits for around 30% of the coins traded on the exchange are unavailable.


Bittrex wallets today.

Several other exchanges were temporarily taken offline, with some platforms specifically referencing the patch, and others simply referring to maintenance. Among those affected were Einstein Exchange, CEX.io, and Kucoin. Hardware wallet manufacturer Ledger also updated concerned customers on the situation, tweeting:

Bittrex Wallets Are Taken Offline as Companies Scramble to Patch the Intel Bug

There is an added issue regarding the Intel bug: as a consequence of patching it, system performance will be reduced by as much as 30%. Cryptocurrency miners are unlikely to be badly affected, as the process doesn’t involve making a high number of kernel requests. But for anyone who prides themselves on running an overclocked PC with a high benchmark, the slowdown may be hard to stomach.

Are you concerned by the Intel bug and do you think cryptocurrency holders should be worried? Let us know in the comments section below.

Ethereum Over $1000 and $100B Market Cap, BTC Dominance at 32% Record Low

This day might be remembered in the history books as a major milestone for cryptocurrency diversification or as another colossal indicator of the altcoin bubble. There are now three cryptocurrencies with over a $100 billion market cap each. Bitcoin, ethereum (ETH) and ripple (XRP) are worth today a combined total of about half a trillion USD.

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$100 Billion Club

Ethereum long term investors and short term speculators are celebrating alike today as the smart contracts altcoin has broken through the $1,000 per coin psychological barrier. Standing at about $1,040 at the time of writing, the overall value of all ETH in circulation is now over $100 billion. It is the third cryptocurrency in this exclusive club, behind only bitcoin and ripple.

And despite all the warnings about ripple being centralized and freezable speculators keep pouring in to XRP. After rising about 160% from just a week ago and 28% in the last 24 hours alone, its market cap is now well over $140 billion. With a price of just under $4 per coin, part of this movement has to be due to penny stock mentality of new traders seeking a “cheap bitcoin” to bet on.

Ethereum Over $1000 and $100B Market Cap, BTC Dominance at 32% Record Low Altogether, with bitcoin over $250 billion market cap, the three top cryptocurrencies are now worth just shy of $500 billion. Putting this mind boggling number into perspective, its just about 10% below the combined stock value of Visa (NYSE:V $265 billion), Mastercard (NYSE: MA $166 billion), American (NYSE: AXP $87 billion), and Discover (NYSE: DFS $28 billion).

Entering a Multi-Polar World?

Bitcoin has been able to maintain an impressive price level at $15,000 and a quarter trillion USD market cap in the face of this altcoin onslaught, but its market share has suffered. The BTC Dominance Index is now just above 32%, a new all time low, which means that bitcoin is for first time worth less than a third of the crypto market.

While some of ripple’s staunch supporters, as well as fans that heard about it a week ago, are cheering on for “The Rippening” maybe its time to forget about the term and any other Flippening. It is possible that we are simply seeing a paradigm shift in the market, from one leading cryptocurrency and a thousand copy cats to a top heavy, multi-polar landscape. This can probably only be validated in the next big correction, when all the short term speculators will scatter away and either bitcoin will remain alone at the top or not.

Ethereum Over $1000 and $100B Market Cap, BTC Dominance at 32% Record Low

Do you think that bitcoin will continue to lose its market dominance to altcoins in 2018? Share your predictions in the comments section below!

Facebook of China” Renren to Stage ICO

Renren, the first generation of Chinese social media, has announced its plan to start an ICO project called RR Coin. In reaction to the news, its shares spiked 13.57%.

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From Renren to RR Coin

”Facebook of China” Renren to Stage ICO

Launched in December 2005, Renren has been dubbed “The Facebook of China” with its Facebook-like features and its popularity among students in the early years. It represents one of the most important and successful “real-name registration” SNS companies in China.

Over the years Renren has seen rise of new players such as microblog platform Sina Weibo and Tencent’s mobile app Wechat. Unlike the two blooming products, Renren is losing traction in appealing to the new masses of Chinese Netizens. The only solution is constant product innovation. And the social company decided to turn its strategic attention to the blockchain industry.

According to the whitepaper released by Renren, they will develop a blockchain-based open source platform that can record user interactions and trading behavior. And the token RR Coin will be used in multiple scenarios from rewarding users who contribute content to charging for advertising.

The Facebook of China RenRen Is to Stage an ICO

RR Coin has 1 billion coins in total, among which 40% will be used for ICO sale, 25% for the RR Coin Foundation, 15% will be given to the team for marketing and development and the remaining 20% for business expansion. “The project is going to raise 100,000 ETH,” said a Beijing-based ICO investor. “I think it’s highly overvalued. RR Coin is more like QQ coin of Tencent that is totally centralized. They are just selling a new concept to make users active again.” But it seems that new concepts work. Renren’s stock (NYSE: RENN) spiked around 19% in reaction to the news.

 Companies Continue Rebirth in Blockchain

In just a few months, China’s top dot-com companies are all making blockchain a powerful new solution across their businesses.

The fifteen-year old Xunlei Networking Techinologies(NASDAQ: XNET)started a new service that is completely divorced from its fundamentals. The company launched “Wanke coin mining” cryptocurrency project on October 12th, and its stock went from less than $5 per share to nearly $25 per share, and continued to witness a 475% gain in less than two months.

Qihoo 360, a leading antivirus software provider recently went all-in with its futures plans for the cryptocurrency and blockchain industry. On December 20th, the company launched a blockchain research center to explore how the technology can be used to improve financial services. The President of 360 Finance noted: “The research center will create a mode of ‘Blockchain Plus Finance’ that integrates distributed ledger with smart contracts,  asymmetric encryption and consensus mechanisms.”

Then on DecemberThe Facebook of China RenRen Is to Stage an ICOr 29th, it launched a brand new website covering cryptocurrency news and price analysis. The website consists of a live cryptocurrency price chart, detailing trading volume and price change over the past 24 hours, which resembles that of coinmarketcap. At the bottom of the web page, it notes that the website copyright belongs to 360 Internet Security Center. However the website has been inaccessible since January 2nd.

Do you think these top Internet giants will pose a threat to small-sized blockchain startups? Leave your comments below.

Bittrex /Poloniex Customers Locked Out: Are Crypto Exchanges Ready for Bitcoin?

Bittrex and Poloniex users took to social media to voice their concerns: something is wrong at the third largest cryptocurrency exchange in the world. Customers openly complain they’re having issues with withdrawals, and this has been going on for weeks. Certainly every popular platform has had its share of problems with runs in the wake of price spikes, but until yesterday the exchange offered no formal, public explanation.  

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Bittrex Has a Public Relations Problem

BittrexPoloniexIMG_2151-1-1068x1068 hasn’t Tweeted since 30 November. Its Facebook page hasn’t been updated since Summer. Customers are starting to worry, loudly.

Important Information About Identity Verification, published the evening of 5 December, the exchange explained, “We are committed to making sure our services are not used to launder money, support terrorism, commit fraud or other illegal activities,” citing the Bank Secrecy Act and other regulations as catalyst.

Describing their services as “frustrating or a hassle,” the exchange blamed, essentially, lack of customer literacy in the identity verification process. Stressing they “cannot do this without the help of our customers,” the post then lists “common mistakes or issues that arise.”

Included are problems such as “Creating multiple accounts associated with a single individual or entity; Name mismatch; Unreadable IDs; Non-Latin characters on the Government IDs; [and] Opening multiple support tickets.”

Signed by The Team, the post ends: “We trust that you understand Bittrex is committed to following the law and ensuring that it has a robust compliance program. We ask for your patience and cooperation throughout this process.”

Bittrex Customers Locked Out: Are Crypto Exchanges Ready for Bitcoin?

So, Criminals can Deposit but Not Withdraw?

Curious to outsiders, infuriating to customers, is the notion of the exchange taking orders, money, seemingly without issue … only to cover itself in cloaks of legalisms at withdrawal time.

Indeed, a user told Business Insider how “This is a big deal because when you sign up with Bittrex, they allow you to deposit funds into your wallet and even allow you to trade without Verification. But then you cannot withdraw your funds.”

The exchange has been around since 2014, and is based in Las Vegas though its mailing address is Seattle. Its daily trading volumes hover near 1 billion USD. As of this writing, it ranks second in daily volume among exchanges.

Bittrex Customers Locked Out: Are Crypto Exchanges Ready for Bitcoin?

Though not Better Business Bureau (BBB) accredited, Bittrex nevertheless has a dedicated page of mounting complaints. Users have gone public with their stories, and most have documented something like the following, “Last night I tried to withdraw and got this: ‘Unverified account withdraw limit has been reached. Please try again in 24 hours. To increase your limits, please verify your account,’” Russia Today noted. There’s even a Twitter hashtag, #BittrexTrouble.

These are not the first problems for Bittrex, nor are they alone in this regard. Bitcoin’s price, as well as the value of the crypto space generally, has risen beyond expectations. It could just be the case of not being prepared. In these pages, flashes and run-ups were reported at Kraken, Coinbase, Tether, Gemini, among others.

Problems like these are not only worrisome for those unable to access their funds, but they’re also excuses for tighter government controls and regulations. With Wall Street and assorted whales headed crypto’s way in the coming months, readers can be sure such problems will not be tolerated.

As a matter of plain justice, however, in a volatile market, losing precious seconds, much less weeks or months, could literally financially break enthusiasts.
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