ElaadNL – world’s first IOTA [MIOTA] smart charging station is released

IOTA made an official announcement on the release of the world’s first charging station where charging and paying in a machine to machine way with the use of IOTA. The charging station which is open to the public is released by ElaadNL.
The charger will be located in the business park, Arnhems Buiten, the Netherlands which is also the new test site ElaadNL. The test site will contain all types of charging stations including a fast charger, a charging island, a battery, two charging lanterns and the IOTA charger.
The charging station operates autonomously and handles the payment and communication with the end user. The IOTA Tangle which is specifically designed for the Internet of Things is an open-source protocol that facilitates novel machine to machine interactions and stores the meter values every 15 minutes in the tangle that thereby ensures a dependable and indubitable administration.
The transactions can be directly exchanged without the use of subscription or charge card as bank office and communication protocol is not required.
In addition, the charger is equipped with an hardware that sets-up a TCP/ IP connection with the car following which an autonomous and machine to machine payment and data exchange will be completed. For cars that are not enabled with hardware and software, IOTA tokens can be directly sent to the charger using the normal IOTA wallet. The team even demonstrated the charger with the help of a mini tesla.

The Head of Mobility of IOTA, Alisa Maas says,
“IOTA is thrilled to see ElaadNL take their IOTA smart charging station development to the next level. This solution demystifies IOTA’s potential to become the backbone for the Machine Economy.”
The Managing Director of ElaadNL, Onoph Caron says,
“This charger shows the ability of using real machine to machine communications and micropayments, with the use of IOTA as a secure layer for these payments and data”
Kepete1, a Reddit user says:
“This is amazing! Can’t believe we can see the future developing so close.”
II Maledetto Toscana, a blockchain and cryptocurrency enthusiast says:
“Another step towards the future! Great Iota! Fantastic community, fantastic ideas”
According to CoinMarketCap, at press time, IOTA [MIOTA] was trading at $1.70 with a market cap $4 billion of and has seen a significant rise of more than 5% in the past 24 hours.


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Neil Kumar

Ledger wallet users unable to access BCH accounts for over 24 hours

According to reports, bitcoin cash users are frustrated with the Ledger hardware wallet as users have complained they cannot access their accounts. The firm’s chief technical officer, Nicolas Bacca, explained on Reddit forums that the team was still investigating the matter.

Ledger Wallet BCH Accounts Have Been Unavailable

Recently on the Reddit forum /r/ledgerwallet, a user complained about bitcoin cash (BCH) accounts being down for well over twenty hours. At the moment the issue is still unresolved as of April 10, 2018, 6:17 PM UTC as the company says a “data transfer” is now 81 percent complete and “the ETA for the end of the transfer is unchanged.” The Reddit post has a number of comments from BCH users “freaking out” and unable to see their coins or make transactions. Ledger has issued a status report concerning the issue stating:
“The new version of Bitcoin-ABC (Bitcoin Cash node) breaks compatibility with our parser — As a result balances shown on the Ledger Wallet are incorrect — Our engineering team is currently working on a fix.”

 

“Funds stay secured and you can safely receive transactions — In case of emergency, you can use Electron Cash to access them.”

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A Complex and Serious Issue

Many BCH users have been upset with how long it is taking Ledger’s development team to address the problem. Ledger’s CTO Nicolas Bacca did talk about the matter with individuals commenting on the Reddit post and stated the fix could take days.
“The team is still investigating,” explains Bacca. “I’m not following this closely, but if invalid data was fed into our parser it could be necessary to reparse the whole chain which will take a few days. Thanks for your patience, and feel free to open an issue on Electron Cash Github if it isn’t working properly.”

“For any blogger trying to misquote me — this means that another team is working on it as fast as they can, but not myself.”

Eric Larchevêque the CEO of Ledger Wallet has also commented on the issue with BCH accounts.
“All of our infrastructure engineering team is working on fixing the outage since we have been aware a day ago — The issue is complex and we are taking this very seriously — Our CTO is not in charge of the infrastructure and is therefore not following this specific question closely — Others are,” Ledger’s CEO explains commenting after the company’s technical officer.

“We are now in the process of reindexing all our BCH nodes. Funds are safe and users can immediately access their funds through Electron Cash. Thank you for your patience.”

“The file transfer is over,” details Ledger’s status report, thirteen minutes later at approximately April 10, 2018, 6:40 PM UTC. “We’re now restarting the blockchain explorer to resync from block height 524442.”

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Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Cardano Price Analysis – April 5

  • The medium-term is bullish
  • The short-term is bearish

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ADA Meduim-term trend: Bullish

Supply zones: $0.180, $0.200, $0.220
Demand zones: $0.140, $0.130, $0.120
Cardano is still in the uptrend. Stochastic oscillator is over the 20 level. We have the formation of bullish railroad track at the demand zone. The demand zone at $0.140 is respected and this created a double bottom. Bullish momentum is seen as more bullish candles are formed. In the medium term price could possibly get to $0.150.Traders should watch this area as it will give more momentum to the upside that we currently witnessed.

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ADAUSD Short-term Trend: Bearish

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The downtrend is valid for Cardano in the short term. Stochastic oscillator is in the overbought region with the signals below the 50 level. Price is forming higher low and lower high. Upward price movement rejection in demand zone at $0.150. Formation of bearish engulfing candle confirm the downward momentum.


Here at DollarDestruction, we endeavour to bring you the latest , most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article is provided by the source referenced. DollarDestruction does not endorse and is not responsible for or reliable for any content, comment, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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5 Altcoins with Major Events the week of April 1, 2018 (Gains Likely to Beat Bitcoin Returns!)

This past week has seen Bitcoin and many altcoins fluctuate dramatically. These significant fluctuations can be profited off of by trading or increasing one’s position in the underlying crypto. The upcoming week has major events for five cryptocurrencies: PRL, UKG, EOS, PKB, and BRD.


The Market Conditions

In December of 2017, Bitcoin was pushing the $20,000 mark with many experts predicting a run much higher. The bull market turned bear and BTC is currently priced at approximately $7,000 per coin. This sixty plus percent retraction has led altcoins to retract even further. Bitcoin’s dominance in the past three months has increased as the total market cap of all cryptos has decreased. BTC now makes up a greater share (percentage wise) of the total crypto markets than it did in December, when its price was 200% higher.
Markets in turmoil usually scare investors away. However, the savvy investor is keenly aware of the opportunities markets in turmoil provide. There are buying opportunities galore with many altcoins having major events on a weekly basis. Rotating one’s holding from one altcoin to another week to week is a timely task but if accomplished in a sophisticated manner can lead to substantial returns outpacing Bitcoin and the rest of the crypto markets.
This week has 5 altcoins with major events: PRL, UKG, EOS, PKB, and BRD.

PRL – Oyster Protocol (SHL Airdrop, Exchange Support)

The SHL airdrop to PRL holders is finally a week away! On April 6, 2018, each holder of PRL will receive a 1:1 ratio of SHL for each PRL crypto held. Last week no exchanges had announced support for the airdrop. However, this week, the exchange PRL is predominantly traded on expressed their support for the airdrop. Now holders of PRL in their wallets or on the main PRL exchange can easily attain the SHL tokens.

PRL is planning to revolutionize the way web hosts earn an income. Instead of advertising revenue making up the majority of income for web hosts; PRL intends to replace ad revenue. Web hosts will soon be able to input a line of code into their websites that allow for no advertisements but still provide revenue based on total views/visitors. How is this completed? Well, the visitor to the website is unaware but a miniscule amount of their spare computing power is used to confirm transactions on the PRL network, rewarding the webhost in PRL tokens.

The amount of revenue attained from removing advertisers is expected to surpass the amount received from running advertisements. PRL is a great crypto without having to airdrop SHL, but SHL adds any entirely new degree of value in the form of an airdrop. SHL intends to decentralize the internet and if it comes even close to its ambitions should increase exponentially in value.

As airdrops approach the underlying crypto usually increases until exchange support is announced or declined. If a major exchange supports the airdrop the value of the underlying crypto tends to increase until the date of the airdrop. If an exchange declines support for the airdrop the crypto generally retracts significantly as individuals have to decide to move the crypto to a desktop/application based wallet or to sell at the current price. PRL received support for their SHL token airdrop on the main exchange PRL is traded.

This week should be a very positive week for PRL. Following the airdrop, there should be a significant correction in the price of PRL as many are currently holding for the SHL token.

UKG – Unikoin Gold (Esports Live Betting, Spectator Betting)

Unikoin Gold (UKG) is an ERC-20 token that has been incorporated into the Unikrn platform. The Unikrn platform specializes in licensed, legal betting on eSports tournaments and matches. UKG provides a reward and incentivization structure for teams, players, and the participants of eSports. One of the biggest backers of the Unikrn project is the infamous Mark Cuban, billionaire, investor, Dallas Mavericks owner, and television personality. With investors such as Mark Cuban and a major upcoming week UKG should see a strong rally in the short term.

UKG is fairly useless without its Esports live betting and spectator betting platforms. Well, these platforms allegedly go live this week, on April 6, 2018. If UKG achieves this deadline the price of UKG will respond accordingly in a positive manner. Similarly, if UKG misses this deadline the public will lose faith regardless of the importance of Mark Cuban. What UKG is “supposed” to be, a major aspect of their roadmap, and the backbone of the platform is supposed to go live in less than a week. The ability to access spectator and Esports betting is what gives UKG utility. Utility adds value more than anything else in the crypto space.

If UKG is able to implement spectator and Esports live betting this week UKG should see a nice boost in sentiment regarding the coin, and the underlying value of UKG.

EOS – EOS (Dawn 3.0 Release)

EOS is a similar cryptocurrency to Ethereum (ETH) but excels in areas ETH fails. EOS specializes in scalability, an area where ETH suffers greatly. However, ETH has attained the most important thing of all: market penetration. The overwhelming majority of ICOs from the past year were ETH based on the ERC-20 platform. This sheer quantity led to many scaling problems for ETH and this is specifically where EOS excels.

For those that are not technology advanced understanding what Dawn 3.0 is will be fairly difficult. To summarize, Dawn 3.0 is finally stable enough to release as an Alpha and will soon become the GitHub master branch for EOS. This substantial development for EOS ensures its relevancy in the future as long as ICOs continued to be launched.

EOS is on the cusp of being fully implemented and functioning. Once these benchmarks in their roadmap are met, EOS will have an inherent advantage when compared to other crypto’s that specialize in ICOs. It is expected by many crypto enthusiasts that EOS is the only capable platform able to handle full-scale commercial decentralized applications. Once this is achieved developers and investors will flock to the EOS platform for its advantages over other ICO platforms. Dawn 3.0 is the beginning of being able to understand what these advances truly include.

BRD – Bread (iOS and Android Updates)

The BRD token was sold during an ICO to raise money for the Bread App (a great mobile wallet for iOS and Android). It seems curious but currently, the Bread App only can buy, sell, and transfer Bitcoin (BTC). The Bread application currently does not have the ability to hold the BRD token. This will obviously change in the short term with April 7, 2018, being the targeted date. The plan according to BRD is to update the iOS and Android applications to support ETH, ERC-20 tokens, and Bitcoin Cash (BCC). BRD currently has no utility and cannot even be held in the Bread application.

This week should be the last week the Bread application cannot hold BRD tokens. By incorporating BRD, ETH, ERC-20 tokens, BTC, and BCC all in one mobile wallet many individuals may begin using Bread for its overwhelming benefits. Once BRD can be held on the Bread application the plan is to allow BRD to be used to “unlock” special features within the app. If a wallet user has 10,000 BRD for example, they may be able to purchase BTC for a 1% fee instead of the industry standard of over 4%. The more BRD you hold in your wallet, the more benefits the user will receive for possessing them.

BRD’s token is about to be given significant utility by being able to provide the holder special benefits within the Bread application. This system creates an environment where holders of BRD are not selling but continuing to acquire as their will be benefits based on quantity held. By decreasing supply on the open market while increasing utility of BRD, the price should correspondingly increase.

PKB – ParkByte Delisting (Bittrex, SHORT)

Not all news is “good” in crypto. PKB is being delisted from Bittrex on April 6, 2018. PKB was unable to provide all the documentation Bittrex requested in the 7-day time frame they were given. Unfortunately for PKB holders, this resulted in their delisting by Bittrex. Other cryptos like MTL have rebounded following their delisting but it seems PKB may fall into the majority category and fade into oblivion unless they can create positive sentiment very quickly. Being delisted from Bittrex generally is a “nail in the coffin” unless significant changes, public outreach, and a strong team remain.

PKB has a solid team but with a market cap of under $500,000, it seems unlikely they can revive their project following a Bittrex delisting. However, if they are able to this very small market cap crypto that can still be purchased on Bittrex will skyrocket in value. Of the coins on this list this is the only one that is reasonably expected to continue fading into oblivion. There is no real ability to short this crypto which would be the recommendation but if you are feeling risky do the opposite of what the public does! This is crypto, anything can happen.

If PKB can get themselves relisted or provide project updates that change market sentiment, expect this very small market cap crypto to increase dramatically in value. With the current negative news regarding a delisting, this is a very risky coin to hold but provides more upside than any on this list.

Every Week Has Great Opportunities, Finding Them Is Not Always Easy

This week has four coins with great upcoming news and one with very negative news. This is a very exciting time for crypto as a whole as many projects started six months ago are finally coming to fruition this week. With such important events in the upcoming week it is important to stay diversified while keeping an eye on five coins for the upcoming week. These five coins should fluctuate dramatically depending on the developments over the next week.

The cryptocurrencies to focus on for the week of March 1, 2018, include PRL, PKB, UKG, BRD, and EOS.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Ripple Donates $29 Million, Helps One Million Students, Funds 35,000 Teacher’s Projects

One million public school students across America will greet their excited teachers this morning who have some incredible news.

All 35,000 teachers’ projects requesting donations to cover a variety of needs, from school trips to pencils, have been fully funded by a $29 million donation from Ripple.

“I logged into my Donor’s Choose account and saw that my project was fully funded!!!

Ripple is allowing my students to experience a week-long trip to Atlanta and Alabama to visit HBCUs.
I can’t believe it. Thank you!! ” – a teacher says.
Another one broke into tears. I was losing hope, she said after adding: “I had just checked my DonorsChoose project this week and it was still not funded. Then, I got the email. I checked to make sure it wasn’t a hoax. And yeah, my project is funded. My kids will have Spanish books in their library.”

A pouring of gratitude covered some of twitter today, with teachers across the country expressing their thanks and their excitement.
Children are going to go see killer whales, get music instruments, classroom computers or other technology, art equipment’s, books. The dreams of many now a reality.

This has never happened in the 18-year long history of DonorsChoose, the non-profit platform for crowdfunding teachers’ projects said in a statement.

“The donation fulfilled 35,647 requests from 28,210 public school teachers in every state. Teachers at 16,561 public schools — or 1 in 6 of all the public schools in America — will receive books, school supplies, technology, field trips, and other resources vital for learning,” they say.
This is the biggest crypto donation ever, with the payment made in XRP and converted to USD to fund the projects.

“At Ripple, we care about giving back to our community and we collectively value the importance of quality education in developing the next generation of leaders,” said Monica Long, SVP of Marketing at Ripple.
A marketing stun, some will say, but we can imagine just how happy so many children and teachers will be today, with many of them getting vital books or equipment’s.

 


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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10 Characteristics of Successful Entrepreneurs

Do you have what it takes to be an entrepreneur? Here are 10 characteristics that set successful entrepreneurs apart:
1. Passion and Motivation
Although there are many traits that make an entrepreneur successful, perhaps the most important are passion and motivation.
Is there something you can work on over and over again without getting bored?
Is there something that keeps you awake at night because you haven’t finished it yet?
Is there something you have built and want to continue to improve upon?
Is there something you enjoy so much you want to continue doing it for the rest of your life?
From building and implementing a prototype to pitching your idea to venture capitalists, success is a function of passion and determination.
2. Not Afraid to Take Risks
Entrepreneurs are risk takers, ready to dive deep into a future of uncertainty. But not all risk takers are successful entrepreneurs. What differentiates a successful entrepreneur from the rest in terms of risk? Successful entrepreneurs are willing to risk their time and money on unknowns, but they also keep resources, plans and bandwidth for dealing with “unknown unknowns” in reserve. When evaluating risk, a successful entrepreneur will ask herself, “Is this risk worth the cost of my career, time and money?” And, “What will I do if this venture doesn’t pay off?”
3. Self-belief, Hard Work and Disciplined Dedication
Entrepreneurs believe in themselves and are confident and dedicated to their project. Their intense focus on and faith in their idea may be misconstrued as stubbornness, but it is this willingness to work hard and defy the odds that make them successful.
4. Adaptable and Flexible
Being passionate and dedicated is important, but being inflexible about client or market needs will lead to failure. Remember, an entrepreneurial venture is not simply about doing what you believe is good, but also making a successful business out of it. Successful entrepreneurs welcome all suggestions for optimization or customization that may enhance their offering and satisfy client and market needs.
5. Product and Market Knowledge
Entrepreneurs know their product inside and out. They also know the market. Most become successful because they create something that didn’t already exist or they significantly improve an existing product after experiencing frustration with the way it worked. Remaining unaware of changing market needs, competitor moves and other external factors can cause even great products to fail.

 

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6. Strong Money Management
It takes time for any entrepreneurial venture to become profitable. Until then, capital is limited and needs to be utilized wisely. Successful entrepreneurs plan for present and future financial obligations and set aside an emergency fund. Even after securing funding or going fully operational, a successful businessperson keeps a complete handle on cashflow, as it is the most important aspect of any business.
7. Effective Planning (Not Over-Planning) Skills
Entrepreneurship is about building a business from scratch while managing limited resources (including time, money and personal relationships), which requires planning. However, trying to plan for everything and having a ready solution in place for all possible issues may prevent you from ever taking the first step. Successful entrepreneurs have a business plan in place, but remain capable of dealing with unforeseen possibilities.
8. The Right Connections
Many people seek comfort in commiseration—friends, colleagues and neighbors are happy to complain about “the global slowdown,” poor demand, or unfair competition—but that won’t improve the bottom line. Successful entrepreneurs reach out to mentors with more experience and extensive networks to seek valuable advice. If they don’t have the necessary technical or marketing skills, they find someone who does and delegate these tasks so they can focus on growing the business.
9. Exit Preparedness
Not every attempt will result in success. The failure rate of entrepreneurial ventures is very high. Sometimes, the best solution is to call it quits and try something new instead of continuing to dump money into a failing business. Many famous entrepreneurs weren’t successful the first time around, but they knew when to cut their losses.
10. Ability to Question Themselves – But Not Too Much
You may ask yourself, am I an entrepreneur? The very question may make you doubt the answer. Even if you don’t have the flair of Steve Jobs or the hair of Elon Musk, if you have the courage to ask yourself intimidating questions—”Can I do this? Do I want to do this?”—you have the stuff to be an entrepreneur.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Shobhit Seth 

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Yahoo Japan to Launch Cryptocurrency Exchange in 2018, Says Report

Yahoo Japan is planning to launch its own cryptocurrency exchange, a report indicates.
According to Nikkei Asian Review, the Japanese internet firm will take a 40 percent stake in BitARG Exchange Tokyo next month, with a plan to build a new exchange using BitARG technology in approximately a year’s time.
BitARG is already licensed by Japanese financial regulator, the Financial Services Agency (FSA), the report says, and is expected to receive further investments from Yahoo Japan early in 2019.
Yahoo Japan will purchase the shares in BitARG through its subsidiary YJFX, a forex transaction platform. The 40 percent stake will cost the firm around 2 billion yen ($19 million), says Nikkei.

 

After the purchase, a team from YJFX is expected to kick off development of the new exchange, as well as designing systems for corporate governance, customer management and security.
The news comes as the importance of registration with the FSA to conduct exchange operations in Japan is highlighted by issues facing the major Binance exchange.
As reported this morning, the Hong-Kong-based exchange has just received a warning from the financial watchdog over its lack of registration in the country.
Zhao Changpeng, Binance’s CEO, has confirmed receipt of the warning letter and said the firm is in dialogue with the agency.
Since the $533 million hack of Japanese exchange Coincheck in January, the FSA has been mandating security overhauls and cracking down on domestic crypto trading platforms that are yet to be registered. Early this month, the agency issued month-long suspensions for two exchanges in the country.

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Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Daniel Palmer 

 

Payza website offline, domain seized by DOJ and HSI

US authorities have seized the Payza and AlertPay websites, as part of forfeiture in a $250 million money laundering case filed against co-founders Firoz and Ferhan Patel.

The seizures appear to have taken place sometime in the last twenty-four hours, with visitors to both sites either being timed out or redirected to a DOJ/HSI seizure page:

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As at the time of publication the status of client deposits with Payza is unclear.

Over the past few years Payza had slowly been transitioning into a cryptocurrency exchange. In a Facebook post published less than 24 hours ago, Payza boasted it was now accepting over 50 cryptocurrencies for trade.

US authorities arrested Ferhan Patel on March 18th. Firoz Patel is wanted by US authorities and on the run.

Firoz is believed to be operating Payza’s social media profiles, which as at the time of publication continue to publish new content.

In a post published an hour ago that addresses the domain seizure, “Team Payza” wrote:

As some of you may be aware of already, Payza is currently dealing with some legal matters in the United States.

We cannot give any specific details at this time, but please be aware that this is an accusation and it is NOT evidence of guilt.

Right now, this is affecting our Website, Blog and Reference Center, but we are working on a solution and we do not want you to worry.

Unfortunately, we cannot share any more information right now.

Thank you for your patience and understanding,

Team Payza

Specifics of the case against Payza and the Patel brothers have already been disclosed by US authorities in the recently unsealed indictment.

Personally, I think it’s rather cute Firoz thinks he can “solution” his way out of a $250 million money laundering indictment.

lamium


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Tron (TRX) Skyrockets Prior to Test Net Launch

Tron (TRX) is seeing significant gains on the cryptocurrency market today. Justin Sun, Tron’s founder, and the Tron Foundation have steadily tweeted on the countdown to the test net launch. Tron’s test net is set to launch in just ten days and the community around the project are ecstatic.

The founder has been receiving heavy critique from the community as the coin hit a sharp record high with the rest of the cryptocurrency market but has since dropped significantly. Since its high of $0.259 a coin, it has dropped over -85%.

Many who got in on the cryptocurrency market at that time, had not actually researched any of the projects and simply bought coins based on their sudden spike in price. However, when TRX launched back in September of last year it did not have a “working” product. Many ICOs that concluded, had only a whitepaper and a vision but many new crypto investors don’t realize that its actual value comes when it has a working project in place.

>> Tron Puppies Unleashed

As TRX continued to plummet, crypto investors were calling Tron a scam without doing any sort of research into their roadmap and foundational components they were setting up. Many of these blockchain projects can take YEARS to execute. However, Justin Sun’s tweeting coin “pump” tactics gave the community a bad rep, as he was announcing partnerships in hopes that the coin would rise. Still, the Tron Foundation focused on building a strong team and when investors are investing in an “idea” the team is absolutely crucial.

While the ICO space is a completely new strategy for fundraising for your startup, crypto investors need to do their research and understand what they are putting their money into. If the ICO just has a whitepaper and a roadmap, you’re investing and betting if the team behind the project can execute it.

The test net should prove if this highly stacked team of Tron Developers delivered or not. If the test net is deemed successful you could see a major spike in TRX’s price.

At press time, TRX is trading at $0.0384 a coin, up 20.21%, in 24 hours.

Concerns? Thoughts? Comments?


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Chelsea Roh

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Bittrex to Remove Over 80 Altcoins from Its Exchange

Cryptocurrency exchanges must constantly evolve to remain competitive. This can be achieved in many different ways, even though not everyone will like how it’s done. In most cases, exchanges will add new currencies over time. Bittrex, on the other hand, is preparing to delist over 80 altcoins which have little to no demand or broken blockchains.
Bittrex Does Spring Cleaning
Like most other altcoin exchanges, Bittrex has a wide variety of currencies to choose from. Getting listed on this exchange is anything but easy, as the company processes every individual application manually. In a lot of cases, this means we see some lesser-known currencies “stuck” on smaller cryptocurrency exchanges for longer periods of time. As those currencies often bring nothing to the table, that is a normal development, all things considered.
Bittrex used to be one of the leading altcoin exchanges in the world. Especially after Poloniex started to suffer from massively degraded performance, Bittrex became the safe-haven for most altcoins. As such, the company has added several dozen currencies over the past few months, with varying degrees of success. It has since become apparent that a fair few of those coins need to go, as they either don’t generate sufficient trading volume or their blockchains are utterly broken. It seems the addition of so many coins is now backfiring a bit.
As a result, Bittrex will be removing 82 different altcoins from the exchange by March 30. They include a lot of currencies most people have never heard of, although there are a few surprising names on the list as well. The delisting of FC2, GEMZ, and METAL, among others, is a bit of a surprise, although it makes sense for the company. None of these markets are performing as expected, and thus removing them is the only logical option. 

Moreover, this list includes a fair few altcoins which no longer have working blockchains. This means users will not be able to withdraw outstanding balances from Bittrex, as the blockchain is either too slow to process transactions or there are no network nodes left to receive and broadcast transfers. It is not an uncommon situation in the world of altcoins, as a lot of projects are abandoned within 6 months of being created. It will undoubtedly lead to more ERC20 tokens in the future, as the Ethereum network will always be around to move funds around.

The list contains 26 currencies suffering from some degree of blockchain issues. That is a staggering amount, which also makes one wonder whether or not the Bittrex team made the right call in adding them in the first place. The unpopular truth is that over 99% of altcoins will never serve any real purpose and shouldn’t even be listed on any exchanges in the first place. The list posted by Bittrex further confirms this sentiment.

Whether or not the company will face any backlash over this decision remains to be seen. Since most of these currencies have small communities, it seems unlikely any major repercussions will be experienced. At the same time, the potential withdrawal issues will certainly cause a stir on social media, even though there is very little the exchange can do in this regard. It’s an interesting development, though it’s one that will be positive in the long run.



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JP Buntix