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Bitcoin Fork, Japan Leverage Cap and Global Brokerage Bankruptcy: Best of the Week

Leverate gets MT5 On Monday we reported that technology provider Leverate has begun offering the MT5 plaform to its institutional clients.  Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors Leverate’s Knowledge Manager, Daniel Alkaly, said: “This partnership effectively makes Leverate open for business on MT5.Continue reading →

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Source: Ardor Articles
Bitcoin Fork, Japan Leverage Cap and Global Brokerage Bankruptcy: Best of the Week

news, sparkle coin, sparkle coin ico, sparkle coin token sale

Ecommerce Re-Imagined for the Internet of Value

There is an innovative blockchain based company called Sparkle Coin which recently created a technology that allows people to use cryptocurrencies like Bitcoin, Ether, Litecoin and their Sparkle Coin to seamlessly purchase goods online with major retailers like Amazon, Walmart, Best Buy etc. When people purchase through their VCoinMall, the cryptocurrency is converted, so the retailer receives fiat currency. However, every purchase increases the transaction volume of the Sparkle Coin cryptocurrency which allows the market to drive up the coin value.

Sparkle Coin provides a much-needed bridge for greater cryptocurrency adoption in mainstream markets; facilitating the adoption of bleeding edge technology is nothing new for Sparkle Coin CEO Victor Wong. Victor has a 20-year history of taking innovative technologies to mainstream markets for consumer adoption. In the late 90s, his company was authorized by Apple to make Macintosh or Mac OS compatible computers.

At the time they created, designed and offered the most powerful Mac OS computers ever produced. The Apple go to market methodology of only revealing products that are sexy to consumers and fully functional has been a continuous strategy Victor has implemented throughout his career. Another example of how Victor and his team have revolutionized an industry through pioneering product creation was with the all in one music studio.

They produced the first all-in-one musical instrument, a keyboard with a computer built inside of it, and it became an all-in-one studio. Artists utilized that new technology to produce and perform music, everyone from Madonna, Maroon 5, Korn, Prince, Timbaland and many others.

Sparkle Coin is the next evolution in Victor’s impressive technology career. Keeping true to his methods, Sparkle Coin is very different than other Initial Coin Offerings (ICOs) in the marketplace because it is an entirely completed blockchain product. This is no whitepaper and a dream but a functional solution for cryptocurrency adoption for mainstream markets.

After sitting down with Victor you see his brain functions like an economist with the serendipity of a musician, it is quite rare. This is the type of pioneering project blockchain needs to cut through the clutter that is functional immediately for average consumers to get involved and exposed to the cryptocurrency ecosphere. This project allows end users to participate in a blockchain based transaction in a seamless, comfortable environment like ecommerce because it is familiar.

I had the chance to sit down with Victor to gain some insight into his endeavor.

Matthew Loughran: What is the void or opportunity that inspired the idea behind Sparkle Coin’s decentralized ecosphere?

Victor Wong: Cryptocurrency is a currency. We realized that you must have some ties and connections to traditional purchases and platforms. What is it going to take for a cryptocurrency to be successful, to be widely adopted? We identified three things. One is there should be some protection for early adopters, and then there also has to be transactability. You need to be able to buy things easily, products and services with it, and then you also need to have liquidity in case you want to trade with other cryptocurrencies, and also being able to sell it for fiat currencies like US dollars if you need to. We decided to create an ecosphere with three companies to support our Sparkle Coin.

Matthew Loughran: If I am an ecommerce merchant how can Sparkle Coin help me reach my business goals?

Victor Wong: Sparkle Coin expands the scope of payment options for the merchant on their ecommerce store.  It is through our VCoin Exchange that powers everything. It is a nested payment gateway and processing engine that merchants would be able to download.  Sparkle Coin is the currency for this transaction, so whether you’re paying with credit card, Bitcoin, or Ether, it goes through our transaction engine.  What happens is you authorize the transaction engine on your behalf to sell or to trade that first commodity or that primary currency into Sparkle Coin, which then is transacted in the exchange to whatever fiat currency is needed for that particular merchant. Now, we have written unique patents for this. We allow the merchant something extraordinary, and that is they can elect to take 100% of the payment in a fiat currency, or they may say, hey, I believe that Sparkle Coin is going to go up in value because every time we use Sparkle Coin it increases the transactions, it increases the demand, it increases the value of that coin. So I want to be paid my cost in fiat currency, so I’m not losing money and any gains or any profits I have I want in Sparkle Coins. They can dictate what percentages relative to US dollars or fiat currencies to Sparkle Coin or cryptocurrencies that they want. I think that’s a pretty revolutionary thing because it allows the merchants to conduct their business in the way that they would like to.

If you are an ecommerce business, I would suggest considering this completed blockchain program to leverage this mechanism for yourself or your shareholders. If you have an appetite for ICOs then be sure to head over to the Sparkle Coin website for more information.

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Source: Ardor Articles
Ecommerce Re-Imagined for the Internet of Value

bitcoin, cointelegraph, crypto, cryptocurrency, news

Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

On October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name. This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there wasContinue reading →

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Source: Ardor Articles
Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

bitcoin, crypto, cryptocurrencies, cryptocurrency, news, newsbtc

Could Crypto Mining Provide a Low Cost Heating Solution? These Two Inventors Think So – NEWSBTC

People living in colder countries will know the dread of the heating bill’s arrival all-too-well. However, two enterprising men from Siberia have figured out a way to not only heat their home for free but to actually make money out of it. Using the heat generated from cryptocurrency miners, the pair have been testing outContinue reading →

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Source: Ardor Articles
Could Crypto Mining Provide a Low Cost Heating Solution? These Two Inventors Think So – NEWSBTC

#btc, b2x, bitcoin, bitcoin gold, block 494784, btc.com, chain split, coinbase, contingency plans, gatecoin, hard fork, n-featured, news, replay protection, segwit2x

Coinbase, Gatecoin and BTC.com Reveal Segwit2x Splitting Plans

Several Bitcoin Service Providers Reveal Segwit2x Splitting Plans

A hard fork to increase the block size is planned for the bitcoin network on or around November 16, 2017, at block height 494784, to fulfill the latter half of the so called New York Agreement. With roughly 23 days left until the change and many counter-arguments strewn across the net, many bitcoin-based businesses are starting to reveal fork plans in greater numbers.

Also read: SPV Wallet Bread Lets Users Decide During the Segwit2x Hard Fork

Coinbase Reveals the Company’s Chain-Naming Plans

Several Bitcoin Service Providers Reveal Segwit2x Splitting PlansThe Segwit2x fork is approaching, and everyone is starting to talk about it more, as many people and companies are steadily planning their bitcoin storage solutions. Crypto-businesses are now increasingly stepping up to the podium every day to announce their contingency plans for this particular fork. One such company, the San Francisco-based exchange, Coinbase, detailed its fork plans a couple of weeks ago. The exchange did not reveal at the time the names of each bitcoin-based blockchain. Now the firm is stepping forward to detail its token-split naming plans.

“The result of the fork will be two different blockchains, which means there will be two distinct digital assets,” explains Coinbase.

Following the fork, we will continue referring to the current bitcoin blockchain as Bitcoin with the symbol ‘BTC’.  We will refer to the new blockchain resulting from the fork as Bitcoin2x with the symbol ‘B2X’. If the Segwit2x change is accepted by most users, we may choose to rename these blockchains at a later date.

Coinbase explains there will be no action required by their customers, and all users with a balance of BTC will receive B2X on a 1:1 ratio. The company’s support for buys, sells, sends, receives, as well as “services for both chains may be disabled several hours before and 24-48 hours after the fork.” The company also notes that Segwit2x doesn’t have replay protection, but Coinbase has initiated its own replay safeguard. David Farmer, the Coinbase director of communications, also wrote a separate blog post for the company, revealing its “timeline and support” for both Segwit2x and the bitcoin gold fork. However, the San Francisco company emphasizes that “there are concerns about its [bitcoin gold] security and stability.”  

BTC.Com Will Implement Custom Replay Protection

Several Bitcoin Service Providers Reveal Segwit2x Splitting PlansThis week the wallet provider BTC.com revealed its decision to support both sides of the chain after the fork, as it did with the Bitcoin Cash fork this past August. The startup’s recent blog post details that BTC.com wallet users can be confident they will be able to transact smoothly following the pending chain split. The reason for this is because the wallet provider says that it has designed its own form of replay protection.

“Wallet users’ transactions will be secured from being replayed (or rebroadcast) on both chains, a scenario which can cause a loss of funds while using wallets from organizations that have not taken this precaution,” explains BTC.com’s contingency plan.

We believe offering wallet-side replay protection is a crucial step toward providing a product that is more secure to transact with, and is a proactive solution to the evolving practical needs of cryptocurrency users.

Gatecoin Exchange Refuses to Support Segwit2x, Customers Must Withdraw 12 Hours Before Block 494784

Several Bitcoin Service Providers Reveal Segwit2x Splitting PlansThe Hong Kong-based exchange, Gatecoin, explains the team flat out refuses to support the Segwit2x hard fork. The trading platform details that the lack of two-way replay protection for this hard fork is the main reason they dislike Segwit2x. Gatecoin also refers to the Segwit2x chains’ associated token as “B2X.” The exchange says it will not support B2X, distribute the token, process any B2X sent to their bitcoin wallet addresses, and it will not list the coin on the firm’s trading platform.

“Therefore, Gatecoin clients hoping to claim newly minted B2X coins equivalent to their bitcoin holdings at the time of the hard fork, will need to withdraw their bitcoin from our exchange at least 12 hours before the hard fork occurs at block 494784,” reveals the trading platform’s blog post.

We will however be running B2X nodes in case the software’s developers decide to add replay attack protection in the future.

Coinbase, BTC.com, and Gatecoin join the growing list of bitcoin-based companies revealing their plans for the Segwit2x fork. As the countdown gets closer to the end, cryptocurrency proponents will see where each business truly stands.

What do you think about the announcements from each of these companies? Let us know what you think in the comments below?

Images via Shutterstock, Coinbase, Gatecoin, and BTC.com.

Whether you’re a beginner or a long-time bitcoin player, there’s always something interesting going on in the bitcoin.com Forums. We are proud free speech advocates, and no matter what your opinion on bitcoin we guarantee it’ll be seen and heard here.

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Source: Ardor Articles
Coinbase, Gatecoin and BTC.com Reveal Segwit2x Splitting Plans

blockchain news, news

How Do You Manage a Problem Like the Blockchain?

Opportunities abound. And fortune favors the brave. But with little in the way of guidance to explain exactly how to make the most of the opportunities presented by the blockchain, these intrepid adventurers are feeling their way in the dark. There are no business models for startups working with blockchain technology. And the models used by the companies in the ‘real’ economy just don’t work here. However, both effective marketing and management are crucial to any enterprise’s success.

So what’s a startup to do? The standard marketing concepts, such as Unique Selling Points, don’t work here: everything’s unique. There are so many industry firsts and little competition.

My own company is right in the middle of launching something completely new to market, so everything we do is a work in progress. But there are a number of rules we follow; principles we’ve seen work in other successful blockchain projects, which I’d like to share:

Make Short Term Projections

As with any enterprise, begin by drawing up a business plan; but instead of planning long term, focus on the immediate market and makes short term forecasts. There’s no point speculating what the market will be doing in a few years’ time. Things will probably look completely different in a month’s time given the rapid and volatile rate of change.

Focus On Building A Product

Investment is crucial, but you’re not looking for VCs or angels per se. The traditional ways of raising capital don’t apply. Blockchain projects are financed in a completely different way. While many see the idea of an Initial Coin Offering (ICO) as the endgame, that’s very shortsighted. The aim should always be to create a product that will help change the world and benefit people, not just to attract finance.

Get The Right Management Structure

People make projects come to life, so having a tight management structure for your company is imperative. However, the vertical management model widely used in the real economy is inefficient. Horizontal management structures, that champion collaboration over hierarchy, are key to the success of a blockchain venture. Feedback and constant communication between all those involved in a single project will ensure that everyone can shift up a gear when the pace quickens.

However, this kind of structure doesn’t abolish the need for a CEO, but it does mean that the CEO is no longer the person who makes the decisions. Instead they need to be the person initiating discussions and verifying decisions; someone who assumes responsibility rather than calls the shots.

Outsource

Overstaffing after an initial investment is one of the key mistakes a startup can make. A blockchain startup must be guided by rational sufficiency. All the positions and services not engaged in the development and promotion of the product directly should be outsourced. Only IT specialists, marketing specialists, and invited advisors should remain. They will help your company find proper solutions and increase the level of confidence in your enterprise. Don’t waste your investor’s money.

Be Agile (In Every Sense Of The Word)

Because everything associated with blockchain technology is uncertain, many (if not all) companies working in this space use Agile methodologies. This way of working encourage collaboration and requires everyone involved to give feedback, listen to customers, and ensure everyone is involved in product creation. This way of working dovetails neatly with a horizontal management structure and helps teams be more effective and bring new ideas to the market quickly.

Constant Communication

In contrast to traditional startups, most of which operate at the local level, blockchain projects usually focus on the global market and many create international teams with a high degree of decentralization. This put a lot more emphasis on making sure that communication works. Fortunately, it is not a problem in the modern world thanks to tools like Skype, Telegram, Zoom, and Trello. Nevertheless, this means that every team member, remote or in-house has a responsibility to remain plugged into activity – across international borders and different timezones – and that the management team keep everyone in the loop on key decisions, achievements, and shifting priorities.

Motivation

Let’s be honest, most people don’t ‘get’ what the blockchain is. And your team may struggle too initially. But that shouldn’t put off genuine people who are keen to make a difference and believe in your product’s potential. The chance to build something totally unique should be the motivation behind their involvement – not payment (cryptocurrency or fiat money). While certainly the financial rewards are there, it shouldn’t be their primary reason for working with blockchain technologies.

The path to startup success is widely publicized and preached. There maybe tips, tricks, and techniques that founders can used to keep things on an even keel, but when it comes to the blockchain, the rulebooks have been torn up. What works for one business may not work for another, but getting good people on board and ensuring they remain aligned, enthused, and committed is a great place to start.

The post How Do You Manage a Problem Like the Blockchain? appeared first on CoinSpeaker.

Source: Ardor Articles
How Do You Manage a Problem Like the Blockchain?

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“Zenome” About To Launch Token Pre-Sale – Seen As A Major Disruption To The Genetics Industry

Scientists have known for quite some time of the importance of genetic research. After all, genes have a profound effect on one’s health and lifestyle. Recently, new discoveries have linked genetic factors to longevity, obesity, sports prowess, inclination to use drugs and other interesting traits. Very quickly, a person’s genomic data has gained a lotContinue reading →

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Source: Ardor Articles
“Zenome” About To Launch Token Pre-Sale – Seen As A Major Disruption To The Genetics Industry

bitcoin, cryptocurrency, jp morgan, morgan stanley, news

Cryptocurrency Isn’t “Just a Fad,” Says Head of Morgan Stanley

The Chief Executive Officer of one of the country’s largest banks told investors what he thought about cryptocurrencies this week, […]

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Cryptocurrency Isn’t “Just a Fad,” Says Head of Morgan Stanley

blockchain, coindesk, cryptocurrencies, ethereum, ico, news

How to Legitimize the ICO Market (Crypto Lawyers Take Note) – CoinDesk

Jacek Czarnecki is a lawyer specializing in blockchain technology and a general counsel at Neufund. In this opinion piece, he explains why his profession should play a critical role in the growth and maturation of the ICO market. Recently, I set out to analyze the terms of various initial coin offerings (ICOs), aggregate the resultsContinue reading →
Source: Ardor Articles
How to Legitimize the ICO Market (Crypto Lawyers Take Note) – CoinDesk