John McAfee Emerges, Reportedly Says Americans Are ‘Hated Universally’

By CCN: In a new interview with Newsweek, John McAfee surfaced to discuss living abroad and what he’s learned about the global perception of Americans. After recently going dark, he told Newsweek “we’re hated universally.” According to him, the reason most American tourists don’t pick up on this fact is that they’re a source of income for the people and places they visit. America: Hated Universally “I have traveled around the world. Everybody hates America. Do they show it? No. If you’re a tourist, you’re never going to see it. Why? If you’re a tourist you are a source of
The post John McAfee Emerges, Reportedly Says Americans Are ‘Hated Universally’ appeared first on CCN
Source: www.cryptocoinsnews.com

Bitcoin is Front Running Stock to Flow Price Model at $7300

Despite dropping by about $1,000, Bitcoin is still way ahead of even some of the most optimistic price projections and detailed price forecast models. Here is a look at how Friday’s ‘flash crash’ hasn’t derailed Bitcoin in the long term.

Current Bitcoin Price Still Leads $1 Million S2F Model
Tweeting on Saturday (May 18, 2019) Bitcoin analyst “planB” showed how even at $7,300, BTC still leads the stock-to-flow (S2F) model about $1,000 on the road to hitting $1 million per coin.

#bitcoin at $7300 .. $1000 above S2F model value pic.twitter.com/2VkSiP4Oc0
— planB (@100trillionUSD) May 18, 2019
https://platform.twitter.com/widgets.js
PlanB’s S2F model posits that scarcity and value have a direct relationship with scarcity being a measure of stock flow (SF). The analysis also takes into consideration important parameters like Bitcoin block reward halving which occurs every four years until all 21 million BTC are mined.
According to the model, by the time of the next halving which is in May 2020, BTC’s SF should double from its current value of 25 to 50. This doubling would bring BTC’s SF closer to that of commodities like gold.
BTC permabulls like Max Keiser say Bitcoin has the potential to reach a fraction of the gold market capitalization, which is somewhere in around $8 trillion. The S2F model predicts that by 2020, BTC should have a market price of $55,000 based on an SF value of 50.
S2F hinges heavily on scarcity which for BTC takes on another dimension given that a portion of the 21 million total token supply isn’t even attainable since some BTC are forever lost.
Data from BitInfoCharts shows that there are about 16.82 million BTC held in dormant Bitcoin addresses. Between cumulated BTC dust and lost private keys, there are about 10.5 million BTC that haven’t moved in over a year.

Perfect Pullback?
Before the Friday price drop, there had been the talk of a possible retracement in the BTC price action to the mid-$6,000 level. These predictions hinged on massive profit taking above $7,000, creating another entry point for a new BTC accumulation in preparation for a fresh upward swing.
In the short-term, there is an expectation that BTC might slip further downwards perhaps to the 50-day or 200-day moving average support levels. This puts a possible downward slide between $4,500 and $5,500.
However, such a move would mean breaking the $6,400 support level which characterized BTC trading for most of 2018. Only the fallout from the Bitcoin Cash civil war in November 2018 successfully took BTC below that price level.
Do you think the flash crash adversely affected Bitcoin’s parabolic advance? Let us know in the comments below.

Images via Twitter @100trillionUSD and BitInfoCharts.com, Shutterstock

The post Bitcoin is Front Running Stock to Flow Price Model at $7300 appeared first on Bitcoinist.com.
Source: bitcoinist.com

Bitcoin VS Altcoins – How Much Trust Do You Have In Altcoins?

You’ll have to dig quite deep in various financial markets to witness a group of project/companies consistently fluctuating in price/value and in many, reach as low as 90-95% of its initial value.
Since Bitcoin’s inception, many other Altcoins have joined the Cryptocurrency space, all attempting to make a breakthrough in enhancing various traditional sectors.
Albeit, taking into consideration that some projects could be considered as “utter garbage” – A nice way of my phrasing.
But how much trust do you have in Altcoins?
Do more and more investors believe there is a future for many other Cryptocurrencies?
@CryptoDonAlt recently tweeted about the general trust amongst investors of Altcoins;

One thing that never ceases to amaze me is how strong the general trust in altcoins is.
I doubt there is any other market that can go down 95% and still maintain as many believers.
We’re all either the biggest geniuses or the biggest idiots out there.
I honestly can’t tell.
— DonAlt (@CryptoDonAlt) May 18, 2019
https://platform.twitter.com/widgets.jsThe tweet was met with some interesting replies with some users replying;

Non-crypto people say the same about BTC. To an outsider, the difference between an 82% and 95% collapse isn’t huge.
— Ari Paul (@AriDavidPaul) May 18, 2019
https://platform.twitter.com/widgets.js“Alts are what make crypto exciting & bring in more investors. Such a small number of major holders own most of the BTC or Eth. Vert centralized in that they control the price. Needs to be other alts that take some market cap so the field evens”
Now Bitcoin, as things stand, is certainly number 1 in the Cryptocurrency space even after numerous attempts to dethrone its position;

It is the most familiar and well known Crypto amongst newbies
Bitcoin is pegged to every Cryptocurrency highlighting its dominance
Bitcoin generally tends to be ‘slightly’ less volatile than Altcoins

Bitcoin VS Altcoin Volatility
The volatility in Cryptocurrency is certainly one that may not only deter away a lot of traditional investors but also entice a lot of young/ new investors.
Bitcoin during a bear market can often see a correction between 80-85% whilst Altcoins can see anything between an 85-95% correction (or even higher).
However, what may attract more investors towards Altcoins will inevitably be the lure of substantially higher gains during a bull market.
Take a look at some of the percentage growths during the previous bull run;

Bitcoin rallied from $960 to $20,000 – An increase of around 1000%
Litecoin rallied from $3.63 to $302 – An increase of around 8000%
XRP rallied $0.0064 to $3.90 – An increase of over 35,000%

An interesting reminder to note that whilst some of these Altcoins may go on to change how various sectors operate, the opportunity for making incredible ROI on well research projects can prove well worth it.
The post Bitcoin VS Altcoins – How Much Trust Do You Have In Altcoins? appeared first on ZyCrypto.
Source: zycrypto.com

XRP Primed For Significant Gains This Year According To Recent XRP Price Analysis From Experts, When Is The Best Time To Buy XRP?

Whether you like to admit it or not, XRP is one of the most promising projects out there. Few cryptocurrency projects can stand the criticism XRP and Ripple have faced over the years. Some have referred to XRP as a shit coin while some call it a security. Over the last few months, when the price of XRP was stuck in a descending trendline, it attracted even more negativity from the rest of the cryptocurrency community.
Continue reading XRP Primed For Significant Gains This Year According To Recent XRP Price Analysis From Experts, When Is The Best Time To Buy XRP? at Smartereum.
Source: smartereum.com

Recent Pullback Will Not Disrupt The Bitcoin Bull Run – Barry Silbert

Digital Currency Group and Grayscale Investments Chief Executive Officer (CEO) and founder, Barry Silbert has made an interesting prediction about Bitcoin’s bull run saying he believes it will be much stronger than that of 2017.
Silbert who spoke optimistically about this on Bloomberg is confident that the current pullback should be expected and will not disrupt the normal flow of the rally. Bitcoin is currently still struggling to reach its recent glory of $8,000 but regardless, analysts say that with the kind of surge that rocked the market, some correction is not far-fetched.
Silbert on the Difference Between Previous and Current Bull Runs
Barry Silbert believes that the entire market and framework currently available is a lot more effective and efficient with a lot more properly enlightened people making market decisions.
According to him,
“The difference between this increase in price versus the bubble in 2017 is the infrastructure is much different. You have custodians now, compliance software, trading software. People are more educated about the asset class. This time it’s different,”
Another difference he mentioned is that all the technical analysis still points to a bullish future despite current pullbacks. History also favors the current behavior of the asset. Explaining this, he said:
“80% draw down in price happened what three or four times before. Every time that happens… record highs.”
Bitcoin Over Gold
Silbert’s Grayscale Investments recently embarked a national campaign with the release of an ad which was focused on convincing people that a Bitcoin investment is much more better to use funds than gold. Surprisingly, he also admitted that through the ad, the firm is pursuing a much younger audience who are going to be receiving some family bequest, hoping to convince them to consider investing in Bitcoin above anything else.
He said
“For the younger generation, money is digital…$68 trillion in wealth being handed down over the next 25 years”.
Silbert hopes that starting a conversation about Bitcoin and hopefully getting millennials to start thinking about it will most likely make sure they do as he hopes, by the time they are ready to make investments of their own.
The post Recent Pullback Will Not Disrupt The Bitcoin Bull Run – Barry Silbert appeared first on ZyCrypto.
Source: zycrypto.com

BitMax.io (BTMX.com) Takes DREP Project On Board for Strategic Listing Partnership

BitMax.io (BTMX.com) is an industry-leading next-generation digital asset trading platform that has rapidly expanded to more than 150,000 registered users in the last quarter. It has built a pristine reputation in the industry by listing of pre-screened high-quality blockchain projects and offering active trading with deep liquidity. Recently it has taken on board another intriguing project - the DREP Chain, adding to its increasing list of new and exciting blockchain projects on its trading platform.
The DREP strategic listing partnership follows the principle of efficiency and transparency set by BitMax.io. This partnership arrives at a time when the entire cryptocurrency market has re-awakened, with Bitcoin prices breaking above $8,000 and aiming for even higher levels. This beneficial development is lifting asset prices across the board, and increasing trading activities, making BitMax.io one of the most valuable partners for the crypto boom of 2019.
DREP is committed to building “connectors” and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID, DREP Reputation Protocol, and DREP SDK, DREP aims to build an open data ecosystem on the chain, disrupting the status quo of segregated users and data on multiple chains.
DREP has already connected to multiple platforms in Australia with the likes of Yeeyi and HarkHark, the Middle East and Southeast Asia, reaching millions of active users. The ecosystem of DREP offers simple access to blockchain solutions. The DREP token itself uses innovation to bypass the inherent slowness of the Ethereum blockchain, by offering a second-layer solution for greater speed and zero gas fees. This is achieved through the Smart Pipeline data processing concept.
The DREP ID and DREP SDK technologies allow for easy creation of multi-blockchain solutions. This means that the DREP ID system can be released to multiple public blockchain platforms, boost the ease of wallet generation, and work with multiple trading platforms. This unprecedented flexibility means DREP may achieve wider adoption over time.
Using the appropriate APIs and plugins, DREP brings blockchain usage closer to any user, without requiring complex technical knowledge. DREP relies on those developments to ensure the token and the economics of reputation invites developers and users in the future.
Before becoming a partner to BitMax.io, DREP completed an extremely successful IEO and the final oversubscription exceeded the IEO hard cap by 22.7 times. DREP is a utility token with a total circulation of 10 billion, of which 37.2% were distributed in the token sale including private sale, presale, crowdsale and the recently finished IEO. Following the successful token sale, an exchange partnership will be crucial to the liquidity of DREP, as the asset will go through another period of price discovery. In addition to trading, the DREP token also gains its value through its utility, as well as the backing by real content, digital identities, and reputation.
DREP trading is just picking up, and BitMax.io will be the second digital asset trading platform to list the asset. The DREP trading volumes are picking up, going above $3 million per day, and the price is $0.003, offering plenty of growth opportunities. For Ethereum investors during the IEO, the DREP token already posted 25% gains over the token sale price.
DREP will join the most recent additions and add to the 110 trading pairs on the BitMax.io trading platform. Trading on the platform allows for risk leverage and liquidity, by offering multiple trades against Bitcoin, Ethereum, BTMX, as well as the Tether (USDT) coin with a $1 value, and the Paxos (PAX) dollar-pegged token.
About BitMax.io
BitMax.io is the industry leading next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe. It was founded in 2018 by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency, and reliability, to deliver high-quality client services and efficient trading experience.
The BitMax.io team extends the concept of transaction mining by adding the component of “reverse mining” as a rebate program for Maker trades utilizing its native token, BTMX. The combined trading modes, along with many other use cases of the token, has definitely proved effective supporting overall market liquidity as well as the supply-demand balance of BTMX in circulation.
BitMax.io always strives to provide its global users with a comprehensive set of trading products. Its newly launched margin trading function is another step forward from product offering perspective to better serve their dynamic trading needs. For those users who understand and acknowledge the risks involved in margin trading, the function allows users to borrow funds from the platform and to trade more digital assets than they normally could afford. (The margin trading function of BitMax.io is not available for North American markets.) Also, it helps to attract more trading volume and to boost liquidity on the platform.
This type of leveraged trading can be applied for high-risk, high-return trading strategies. However, it is important to note that it can be an extremely risky approach for users, especially those who have little experience in risk management.
The BTMX token is instrumental to the digital asset trading platform, and has a current price of $0.095 as of 12:00 am EDT May 16.
With the commitment to listing only industry top-quality products as part of its client-centric strategy, BitMax.io has expanded its global client base to over 150,000 registered users and 53,000 active community members. The strategic partnership of BitMax.io and DREP is expected by the market to further encourage the usability of blockchain in daily life. 

For more information, follow BitMax.io on:
Website: http://www.BitMax.io

Twitter: https://twitter.com/BitMax_Official
Reddit: https://www.reddit.com/r/BitMax/
Telegram: https://t.me/BitMaxioEnglishOfficial
Medium: https://medium.com/bitmax-io
CONTACT: [email protected]

The post BitMax.io (BTMX.com) Takes DREP Project On Board for Strategic Listing Partnership appeared first on ZyCrypto.
Source: zycrypto.com

Market Correction Over, ADA Up By 4%, Surge To $1 Is Imminent Thanks To Cardano’s Partnership With Atala, When Is The Best Time To Buy ADA?

Cardano is a promising project. Of all the smart contract and dApps platforms, Cardano is one that may have what it takes to overthrow Ethereum, the leading decentralized computer in the world. In our previous Cardano news, we talked about how Cardano Shelley is going to change the game for ADA by making the blockchain 100X more decentralized than Bitcoin. Ever since the updated roadmap for Cardano Shelley was released by the team, Cardano has been trending in the cryptocurrency space.
Continue reading Market Correction Over, ADA Up By 4%, Surge To $1 Is Imminent Thanks To Cardano’s Partnership With Atala, When Is The Best Time To Buy ADA? at Smartereum.
Source: smartereum.com

Cryptocurrency Regulations More Difficult than Previously Imagined, Says Fmr Russian President

Former Russian President and current Prime Minister Dmitry Medvedev says the Kremlin’s attempt to introduce tough cryptocurrency regulations is proving more difficult than previously imagined and the country’s effort might ultimately prove to be counterproductive.
Cryptocurrency Regulations Need to Adapt
Speaking during “The Future of the Legal Profession” plenary session at the International Legal Forum in St. Petersburg on Thursday (May 1, 2019), the head of the Russian government declared that cryptocurrency regulations should be adaptable to the ever-evolving digital landscape.
According to the Russian Prime Minister:
“Transactions in the digital environment are a reality that we can no longer ignore. We need to establish basic provisions in civil law, translate such slang expressions as a token or cryptocurrency into the language of law.”
Prime Minister Medvedev said trying to enact restrictive regulations would ultimately backfire saying that there was no stopping the advance of digital currencies. Instead of tough regulations, the former Russian President said the Kremlin ought to pursue a more flexible and lenient legal framework for cryptocurrencies.
There is yet to emerge any global consensus on how to regulate cryptocurrencies. Countries like China and India continue to pass laws and policies banning bitcoin and other virtual currencies.
Russia Risks Falling Behind
Medvedev’s comments come even as the State Duma – Russia’s legislative arm continues to try to come up with robust regulations for the nation’s cryptocurrency sector. Since December 2018, Russia’s parliament has been trying to regularize its digital finance sector.
President Vladimir Putin even gave a July 2019 ultimatum to the State Duma for clear-cut cryptocurrency regulations. Given the recent sentiments expressed by Medvedev, such a timeline might no longer be feasible.
With Russia moving slowly on the cryptocurrency regulatory front, the country might be losing further ground in the race to becoming a world power in the emerging digital landscape. Countries like Japan, Thailand, and Switzerland have taken huge steps to create clear legal structures for their respective local crypto and blockchain scenes.
Thailand and Switzerland even lead the way in cutting edge regulations for security tokens which might attract more token issuers into those countries. Russia does have some incentives for creating a better regulatory framework for digital assets.
Reports indicate that the Kremlin is looking for ways to circumvent U.S. sanctions. State officials say the country is buying up gold and Bitcoin as a way of building up reserves not tied to the U.S. dollar.
The post Cryptocurrency Regulations More Difficult than Previously Imagined, Says Fmr Russian President appeared first on ZyCrypto.
Source: zycrypto.com

Bitfinex Announces LEO Token Distribution After $1 Billion Private Investment

Crypto-exchange Bitfinex continues to move on from last month’s Tether cover-up accusations, announcing the distribution of its new utility token. Parent iFinex, who raised $1 billion through the private offering, will list the token on the exchange from Monday.

Bitfinex: Another Cryptocurrency Exchange Utility Token
Well if everyone else is doing it… Binance certainly seems to have done very well out of BNB, so why not emulate?

Bitfinex is proud to announce the upcoming distribution of UNUS SED LEO tokens to participants following completion of $1bn contribution.https://t.co/JkGiq2Bn6k
Trading against BTC, USD, USDt, EOS, and ETH will commence on Monday May 20th, at 08:00 UTC on Bitfinex.
— Bitfinex (@bitfinex) May 17, 2019
https://platform.twitter.com/widgets.js
And it seems like Bitfinex very much has emulated Binance’s BNB. From the benefits offered by the UNUS SED LEO token, to the buyback and burn policy. Holders of the token will benefit from reduced fees across pretty much the whole Bitfinex (and wider iFinex) ecosystem.
It is likely that holders will also get preferential treatment in any future token sales held through a mooted iFinex initial exchange offering (IEO) platform. Again, a la Binance.
The white-paper also guaranteed a high proportion of recovered funds would be used for buyback and burns of LEO tokens.  This refers to funds which are recovered both from Crypto-Capital and a 2016 hack on the exchange.
UNUS SED LEO? Really?
Yep, and the token-distribution announcement mentions it five times, although the white-paper referred to it as simply LEO.
Apparently, it is the company motto (who knew?), and comes from Aesop’s fable, “The Sow and the Lioness”. The sow is bragging about how many children she has, and asks the lioness is she only has one. To which the lioness replies, “One, but a lion.”
Well quite.
Anyway, the tokens will commence trading against BTC, USD, USDT, EOS, and ETH from 08:00 UTC on Monday, May 20.

Weathering The Tether Fallout
Bitfinex seem to have managed the fallout from the New York Attorney General over Tether pretty effectively. Although the immediate aftermath saw traders fleeing both Tether and the Bitfinex platform, this has calmed down considerably in recent weeks.
Certainly the company can (and do) point to the $1 billion raised in the private token sale as testament to the underlying trust in the company. The white-paper also does not try to hide any facts about the recent misfortunes, and this openness is perhaps the best way forward.
Will this capital raise help Bitfinex overcome its problems? Share your thoughts below!

Images via Shutterstock
The post Bitfinex Announces LEO Token Distribution After $1 Billion Private Investment appeared first on Bitcoinist.com.
Source: bitcoinist.com

How to Prove Ownership With a Bitcoin Cash Address and Digital Signature

How to Prove Ownership With a Bitcoin Cash Address and Digital Signature

Bitcoin is an amazing form of money and the technology Satoshi created has incredible potential. However, most people don’t realize that the blockchain not only allows for a great medium of exchange, but it also provides the means for creating notarized proofs. The following walkthrough aims to show anyone how to prove they own a bitcoin cash address as long as they are the owner of the private key.

Also Read: Putting an End to the Bitcoin Store of Value Fallacy

The Bitcoin Cash Blockchain and Notarized Proof

The decentralized cryptocurrency bitcoin cash (BCH) not only provides people with the means of permissionless exchange with extremely low fees, but it also can help verify the owner of a specific BCH address. It also means that notarized proofs can be managed on the BCH blockchain, but today for simplicity sake we’re just going to deal with proving ownership of a specific BCH address, as long as you possess a private key.

How to Prove Ownership With a Bitcoin Cash Address and Digital Signature

With a private key, an owner can create a message like “I own this address,” show the public address, and provide a valid signature which essentially proves ownership of the address. In order to get started and test a public address, download the latest version of Electron Cash. The light client is a reliable BCH wallet that comes with a tool that allows you to sign messages and prove address ownership. There are also other cryptocurrency wallets that provide signing and verifying tools as well.

After downloading Electron Cash, open it on your desktop and create a new wallet. Following the new creation of a BCH wallet, navigate to the top of the screen and find the Tools section and from there select the Sign/verify message. At this point, you will see a pop-up window that provides three sections and at first, you will provide just the message and a valid BCH address to complete the signing process.

How to Prove Ownership With a Bitcoin Cash Address and Digital Signature

From here simply press sign and the wallet will provide a long alphanumeric string and you can copy and paste this signature. If your Electron Cash wallet uses a password, the software will prompt you to enter it before signing the message. Now the combination of these three things will allow you to verify the message and the signature. Another person cannot sign with the address unless they hold the private key and if its password protected it’s even harder to steal.

How to Prove Ownership With a Bitcoin Cash Address and Digital Signature
My signed message, public key, and signature tested on May 17, 2019.

Verify the Integrity of the Digital Signature

Close the pop-up window after you have copied the message, address, and the alphanumeric string (signature). You can then open the Sign/verify message window again, but this time just press the verify tab, after entering the same exact text (message – public address – signature) into the three sections. You can then press verify and if all the information is correct, the wallet software will validate the integrity of the message and ownership of the address.

Moreover, other people can verify the integrity of the message and signature as well with different types of wallets and alternative software. So after you’ve created a unique message, you can give it to friends, family or to anyone in the world and show them the notarized proof. Remember, all the person needs to provide a notarized message proving ownership of a specific BCH address is:

  • The Message
  • The BCH address
  • The Signature — (a long alphanumeric string much longer than an address), a signature tied to an address cannot be completed without private key ownership.
How to Prove Ownership With a Bitcoin Cash Address and Digital Signature
In order to sign a message with a signature, you will need a public and private key pair (right). In order to verify a signed message tied to an address all you need is the public key, message, and valid signature (left).

This method of proving ownership can come in handy for many reasons because only the person with a private key associated with the signature can prove they own the BCH address. Proof of ownership helps bolster things like proving existence with a message and notarizing certain data and making it impossible to forge. Back in 2017, Wikileaks founder Julian Assange used a message on the BTC chain to prove existence and that he was still alive.

In fact, the person behind the Satoshi Nakamoto monicker could prove he/she is Bitcoin’s creator by providing a legitimate message and signature tied to one of Nakamoto’s known addresses. The private key associated with the signature makes it so no one can create a signed message with your address on your behalf without that key. Learning to sign and verify with a bitcoin cash address is easy and only takes a few minutes to understand the basics.

What do you think about signing and verifying a message with a BCH address? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Electron Cash, Jamie Redman, and Pixabay.


Enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post How to Prove Ownership With a Bitcoin Cash Address and Digital Signature appeared first on Bitcoin News.

Source: news.bitcoin.com/