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Blockchain

Quick Guide on Mechanics of Bitcoin Trade

There have been distinct modes of trading from the time humans lived in caves, started cultivating fruits and vegetables, to recently using physical and/or digital currencies. Using Bitcoin while trading could be perceived as an up-gradation to the utilization of credit or debit cards. Doing financial transactions through Bitcoin or its alternative is still niche […]

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There have been
distinct modes of trading from the time humans lived in caves, started
cultivating fruits and vegetables, to recently using physical and/or digital
currencies. Using Bitcoin while trading could be perceived as an up-gradation to the utilization
of credit or debit cards. Doing financial transactions through Bitcoin or its
alternative is still niche as the overall schema is gradually becoming popular
and utilized across the world. It’s quite early to predict whether
decentralization trading would become the norm in the short-term or long-term.
But the probability of shifting completely to digital fiscal trading is very
much on-the-cards (metaphorically speaking).

Blockchain Ledger

A ledger has been
one of the crucial building blocks in maintaining financial balance. As the
error frequency increased with time in almost every transaction (irrespective
of size and nature), adding up the decentralization aspect has become somewhat
mandatory. There’re numerous benefits of imbibing a blockchain ledger while
trading, and more specifically via bitcoin. One is the decline in error
frequency. Another is a low probability of data leak. This piece of research indicates that utilization of ledgers in bitcoin
trading which run on proof of work besides digital signatures aid in
safeguarding and heightening up the robustness of the activity. In layman
words, employing a blockchain ledger makes the overall activity more transparent,
simplistic, and decreases the chances of hacker(s) taking control over it
easily. The protocol uses a couple of ways for ensuring utmost security at all
times like multicasting, the random oracle, synchrony, etc.

Irreversible transaction along with Trust

Besides
decentralization, trust is another crucial factor assisting in making bitcoin
trading become mainstream just like a Dollar, a Yen, a Pound, a Renminbi, etc. So
far, it has been successful in a few industries. With more appropriate
alterations, attaining an ideal digital currency wouldn’t be much of a hassle. According
to this piece of research, trust can be built in two ways. One is through
intensifying the transparency between people and technology. The second one
being, trust in people who’re interacting with the technology. Constant
modifications to the hashing algorithms is a big factor for users having reliability on
bitcoin while using it for trading purpose or even for storage purpose.

Combining quantum
mechanics along with bitcoin is like eating a chocolate-vanilla ice-cream
instead of eating separately. Intermixing the functionalities of quantum mechanics and bitcoin would assist in replicating complex computational
techniques with a decentralization feature being intact. As proof of work is
employed to get authentication for proceeding to bestow block data, the
probability of a specific network or complete grid getting hacked minimizes. It
might be hard to believe but people started experimenting with quantum
mechanics way back in the 1970s. Working on a subject like that in such a
period was like trying to fix a Honda car engine inside a Rolls-Royce automobile.
In the quantum bitcoin framework, the blocks include the details of freshly
added quantum bitcoins. The transactions are not included as they’re finalized
locally. It should be kept in mind that blockchain, bitcoin, and quantum
mechanics all came into existence recently. So, a lot of research and
experiments need to be undergone to reach near-perfect functioning
capabilities.

A few technical
experts in bitcoin and quantum mechanics have been suggesting that quantum mechanics might be
somewhat dangerous for blockchain developers. But credit to their
proactiveness, they changed their potential threat to an opportunity by mixing
their frameworks. By altering the computing power available in the grid and by
confirming the proof-of-work, some degree of protection can be intensified. Hashed
based schemes also help in avoiding hindrance from third party hackers.

The usage of bitcoin, while trading can also be examined through variations, is its
utilization. in this piece of research, the findings suggest that at the
moment, people prefer to store and save it for future use rather than using
regularly. One reason for it could be that it’s slowly and gradually picking up
the pace when it comes to the consumer base. Another factor for velocity
variations in bitcoin trading is how the user perceives it ethically and try
and imbibe it within their daily practical lives.

A potential future challenge – Pseudo-anonymous Transaction

Just like any
product, service, or a platform that’s famous and used widely (in the 21st
century) went through hurdles, Bitcoin and similar technical architectures are
experiencing similar hurdles. Let’s state the facts as they are. Bitcoin is not completely pseudo-anonymous, rather partially pseudo-anonymous. It
has many characteristics among which is ownership of money being implicitly
anonymous, but its flow is visible worldwide. To have some clarity in regards
to pseudo-anonymousness, it’s appropriate to distinguish three types of models
for financial activities:

  1. A
    scenario where parties and transactions are ambiguous.
  2. A
    scenario where both the parties and transactions as well are known (for example
    PayPal).
  3. A
    scenario where parties are wrapped with uncertainty, but the transactions made
    are known (for example Bitcoin).

The Unique Selling
Proposition (USP) of a Bitcoin is that it’s a chain of activities from one
owner to its successor. The owner is located via a public key, which acts as a
pseudonym.

Another factor that
arises up due to anonymity is regular fluctuations in the value of cryptocurrencies. A better-equipped tool is like a sword. It’s double-edged.
Depending on from which side one holds, the result may vary accordingly. Like
in the entertainment industry, political environment, stock market, etc, the
media majorly have showcased the questionable effects of bitcoin trading. But
if accurate algorithms are written, the small percentage of loopholes present
in the bitcoin trading will get wiped out as well.

Need some help?

We at PrimaFelicitas will be able to offer a nuanced perspective as our team members are experts in technology and know the inside-out of marketing/business strategy. Our offices are located in those parts of the world where constant innovation is the norm irrespective of industry. As we have been in the bitcoin/blockchain area for over 5 years, and have seen the rise and downfall of ICOs and STOs (to name a few), you shouldn’t hesitate in receiving some help if you’re new to the industry and require some guidance.

The post Quick Guide on Mechanics of Bitcoin Trade appeared first on PrimaFelicitas.

Source: https://www.primafelicitas.com/quick-guide-on-mechanics-of-bitcoin-trade/?utm_source=rss&utm_medium=rss&utm_campaign=quick-guide-on-mechanics-of-bitcoin-trade

Blockchain

Kraken Daily Market Report for May 08 2021

Republished by Plato

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Overview


  • Total spot trading volume at $2.86 billion, 9% higher than the 30-day average of $2.63 billion.
  • Total futures notional at $797.5 million.
  • The top five traded coins were, respectively, Ethereum, Bitcoin, Dogecoin, Tether and Ethereum Classic.
  • Strong returns from Gnosis (+14%) and Ethereum (+12%).

May 08, 2021 
 $2.86B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
ETH 
$3914.1 
↑12% 
$797.5M
XBT 
$58953. 
↑2.7% 
$795.7M
XDG 
$0.6368 
↓7.6% 
$636.4M
USDT 
$1.0014 
↑0.05% 
$285.3M
ETC 
$128.55 
↑7.0% 
$104.4M
ADA 
$1.6234 
↓1.9% 
$79.3M
LTC 
$347.39 
↑0.6% 
$50.5M
XRP 
$1.5653 
↓1.0% 
$48.7M
DOT 
$39.923 
↑0.07% 
$43.9M
BCH 
$1400.7 
↑4.4% 
$42.4M
USDC 
$1.0 
↑0.0% 
$40.4M
LINK 
$48.693 
↓1.3% 
$30.8M
EOS 
$10.361 
↓0.26% 
$29.7M
TRX 
$0.1431 
↓3.0% 
$17.1M
FLOW 
$28.668 
↓2.9% 
$16.1M
SC 
$0.0405 
↓4.7% 
$15.6M
STORJ 
$2.2312 
↓0.4% 
$14.7M
ATOM 
$29.510 
↑3.0% 
$11.8M
XLM 
$0.6155 
↓2.5% 
$11.6M
DASH 
$409.86 
↑1.3% 
$11.2M
XTZ 
$6.9881 
↓1.3% 
$10.0M
QTUM 
$25.576 
↓4.3% 
$9.83M
XMR 
$476.08 
↑4.6% 
$9.7M
KSM 
$435.0 
↑1.3% 
$7.39M
ZEC 
$315.75 
↓1.3% 
$6.91M
FIL 
$148.15 
↓1.4% 
$6.82M
WAVES 
$32.449 
↓0.14% 
$6.57M
UNI 
$40.532 
↑2.0% 
$6.55M
ALGO 
$1.5198 
↓3.7% 
$6.03M
DAI 
$1.0011 
↓0.01% 
$6.0M
OMG 
$11.829 
↓0.15% 
$5.87M
LSK 
$8.4918 
↓6.0% 
$3.77M
COMP 
$782.88 
↑9.6% 
$3.71M
ICX 
$2.6909 
↓1.6% 
$3.63M
NANO 
$9.7242 
↓0.6% 
$3.63M
AAVE 
$466.93 
↑5.7% 
$3.39M
GRT 
$1.5855 
↓0.6% 
$3.05M
OCEAN 
$1.4907 
↑2.0% 
$3.02M
KEEP 
$0.6183 
↑6.5% 
$2.98M
GNO 
$291.84 
↑14% 
$2.91M
SNX 
$18.448 
↓1.1% 
$2.72M
MANA 
$1.4419 
↓1.7% 
$2.67M
KAVA 
$6.2917 
↓2.8% 
$2.6M
BAT 
$1.4187 
↑0.6% 
$2.57M
CRV 
$3.5639 
↓2.6% 
$2.41M
KNC 
$3.4433 
↓2.6% 
$1.93M
REPV2 
$48.252 
↑1.0% 
$1.83M
OXT 
$0.6666 
↓1.1% 
$1.68M
BAL 
$69.63 
↑7.8% 
$1.52M
ANT 
$10.317 
↓3.2% 
$1.31M
YFI 
$54058. 
↑1.3% 
$1.3M
PAXG 
$1877.6 
↑0.8% 
$1.12M
EWT 
$13.644 
↓4.1% 
$772K
REP 
$46.85 
↓0.3% 
$714K
MLN 
$108.99 
↑0.5% 
$425K
TBTC 
$58915. 
↑1.6% 
$43.3K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 08 2021)



Figure 2: Mid-size trading assets: (measured in USD) (May 08 2021)



Figure 3: Smallest trading assets: (measured in USD) (May 08 2021)


###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 08 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/9008/kraken-daily-market-report-for-may-08-2021/

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Blockchain

Legendary Pelé NFT Set to Drop on Ethernity May 8

Republished by Plato

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[Press Release – Los Angeles, California, 8th May, 2021]

Iconic Brazilian footballer Pelé will be immortalized in NFT form on May 8.

The legendary striker, named FIFA World Player of the Century, is getting the tokenized treatment with the release of a licensed aNFT – authenticated non-fungible token – exclusively on the Ethernity Chain at 12pm EST.

The coveted collection features several aNFTs of the soccer star, the result of a collaboration between Visual Lab and Rafa Zabala, whose credits include The Hobbit and Planet of the Apes.

The digital presentation includes “THE KING OF FOOTBALL,” an immersive video tracing the player’s humble origins on the streets of Brazil to a packed stadium witnessing his brilliance. The eponymous “Pelé” aNFT, meanwhile, is represented by a hyper-realistic digital bronze bust of the star in his heyday.

As part of the Pelé aNFT collection, Ethernity will be releasing multi-pack trading cards that make a nod to the player’s Panini trading cards of the past.

Ethernity’s special digital trading cards include “Gilded Bicycle Pelé,” which showcases the player executing his signature bicycle kick. The limited edition cards will be part of the Ethernity Cards and Packs Collection launching this summer, 2021.

90% of aNFT sales will go to The Pelé Foundation, a charitable organization that strives to empower young people facing poverty around the world.

Ethernity’s recent Muhammad Ali aNFT auction, which raised over $550,000, also resulted in a significant donation being made to the Muhammad Ali Foundation.

About Ethernity

Ethernity is exploring applications for non-fungible tokens (NFTs) within the context of art and philanthropy. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.

Learn more: http://ethernity.io/

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/legendary-pele-nft-set-to-drop-on-ethernity-may-8/

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Blockchain

Crypto Banter Will Give Away Over $500K To 10 Eligible Community Members

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[Press Release – Cape Town, South Africa, 8th May, 2021]

Banter Bags is a unique project in the cryptocurrency world that aims to give back to its community. What initially started as a $10,000 community giveaway is now worth over $500.000. Ten eligible community members will be chosen randomly to receive their share of the spoils once the Crypto Banter Youtube channel surpasses 250,00 subscribers.

The Banter Bags Giveaway is an event created by Ran Neuner, host of CNBC Crypto Trader and founder of Crypto Banter on Youtube. The initial objective was to reward active participation in the community and generate more engagement with the daily streams but as the investments started to grow it became a mechanism to really change some community member lives.

Speaking of pre-market allocations, the Crypto banter team initially put $10,000 in a public Ethereum address. That money was then invested into allocations, with more investments occurring daily to diversify the portfolio further. Several key investments have noted spectacular returns, including Shopx, Aioz, Refineable and Occam. All of these pre-market allocations have gone up in value by a factor of 100 or more.

As the total value of the Banter Bags now exceeds $500,000, a golden opportunity is created for the community. Once the Youtube channel surpasses 250,000 subscribers, ten community members will earn a Banter Bag with the corresponding spoils. The only requirement to be eligible is to subscribe to Crypto Banter on YouTube and follow the Twitter account. Community members can amplify their chances by following @cryptomanran and @sheldon_sniper on Twitter, by liking/commenting on tweets, and engaging with the two daily streams.

The Crypto Banter team adds:

“It started off as a fun idea of giving $10000 to our community, and as we started to invest, we realized that the community loved the idea of investments in pre-market allocations that we previously off-limits for the average investor. With this in mind, we went all in using our influence to reward our community. It was supposed to be a cool $10,000 giveaway to reward the community, and it has landed up becoming an opportunity to change lives. The channel has exploded since we launched this initiative. We’re up by over 100% on every metric, we gained over 100k subscribers and got over 5m views in the last 28 days. More than that, our community has engaged more. They love the idea that we are giving back to them and that we may at any point change another life.”

Five winners have been randomly selected so far, all of which have an amazing story to share. One of the winners, who goes by the name of Irfan, lost his job and was struggling financially. With a pregnant wife expected to give birth in two months, being announced the winner of a Banter Bag triggered a life-changing event for Irfan. Anyone can go through a similar experience once the remaining Bags are given away to community members.

We also announced that one of the bags will be given to a charity and we are currently looking for a viable option.

About Crypto Banter

CRYPTO BANTER was founded by CNBC CRYPTO TRADER host Ran Neuner and is a LIVE STREAMING CRYPTO STATION. We bring you live streaming coverage of the global Crypto markets and give you a chance to call in, break the news, and banter with our guests and hosts. CRYPTO BANTER was created to bring the banter from Crypto Twitter and Telegram to a moderated, curated AV streaming medium. Think of its as a mix of CNBC, JOE ROGAN, and Talk radio for Crypto!

Follow Crypto Banter on YouTube

Follow Crypto Banter on Twitter

Telegram group

Website

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/crypto-banter-will-give-away-over-500k-to-10-eligible-community-members/

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