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BitLaunch Ups your Online Anonymity Using Crypto and The Cloud

BitLaunch offers access to popular VPS cloud servers, allowing you to pay for an account using your favorite cryptocurrencies. On the surface, this is a pretty basic offering, but a… Read more » The post BitLaunch Ups your Online Anonymity Using Crypto and The Cloud appeared first on Noobpreneur.com.

Cryptocurrency – So Much More Than an Online Slot machine!

The crazy rollercoaster ride that has been the cryptocurrency market of recent years could lead you to think that this burgeoning technological innovation is little more than an online slot… Read more » The post Cryptocurrency – So Much More Than an Online Slot machine! appeared first on Noobpreneur.com.

How Tokenization will Change the Face of Real Estate Investing Forever

The rise and subsequent leveling-off of all things crypto has luckily caused a little “cooling off” period. There was what many investment managers might call a bit of irrational exuberance… Read more » The post How Tokenization will Change the Face of Real Estate Investing Forever appeared first on Noobpreneur.com.

Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia

Cobo, a cryptocurrency wallet startup headquartered in Beijing, has raised a $13 million Series A to enter new international markets. The round was led by DHVC and Wu Capital, a family office based in China. Cobo plans to expand in the United States and Southeast Asia, in particular Vietnam and Indonesia. Cobo is also now taking pre-orders for Cobo Vault, a hardware wallet (pictured above) that it claims is military grade. Cobo’s Series A brings its total funding to $20 million so far. Cobo Wallet allows users to store both proof-of-stake and proof-of-work coins. One incentive for people to pick the app over its competitors is the ability to pool proof-of-stake assets with other users so they can increase their chances of mining and validating new blocks on the blockchain. Since launching earlier this year, Cobo says its digital wallet has gained more than 500,000 users. The startup was founded last year by CEO Shixing Mao, who is known as Discus Fish in the crypto community, and CTO Changhao Jiang, a former platform engineer at Facebook and Google who co-founded Bihang, a cryptocurrency wallet acquired by OKCoin in 2013. Discus Fish, meanwhile, is known for launching F2Pool, China’s first mining pool. Cobo Vault, which will retail for $479, meets the MIL-STD-810G U.S. military standard for equipment, Cobo’s head of hardware Lixin Liu said in an email, adding that it was built with proprietary firmware created especially for the device, a bank-grade encryption chip and military-grade aluminum. Cobo Vault’s creation was prompted by an August 2017 incident in which F2Pool was hacked and more than 8,000 ETH was stolen from Discus Fish’s account. Fish also refunded customers’ lost ETH from his own assets. “As a result, Discus Fish was resolute on the fact that for crypto to gain mass market adoption, products had to be made to be hacker-resistant and truly safe,” said Liu.

7 Mistakes Noob Crypto Traders Make and How to Avoid Them

Crypto trading is the order of the day, as many traditional investors have made the move towards virtual currency in view of the massive gains it offers. But a lot… Read more » The post 7 Mistakes Noob Crypto Traders Make and How to Avoid Them appeared first on Noobpreneur.com.

Blockchain media startup Civil is issuing full refunds to all buyers of its cryptocurrency

Many doubted The Civil Media Company‘s ambitious plan to sell $8 million worth of its cryptocurrency, called CVL.  The skeptics, as it turns out, were right. Civil’s initial coin offering, meant to fund the company’s effort to create a new economy for journalism using the blockchain, failed to attract sufficient interest. The company announced today that it would provide refunds to all CVL token buyers by October 29. Civil’s goal was to sell 34 million CVL tokens for between $8 million and $24 million. The sale began on September 18 and concluded yesterday. Ultimately, 1,012 buyers purchased $1,435,491 worth of CVL tokens. A spokesperson for Civil told TechCrunch an additional 1,738 buyers successfully registered for the sale, but never completed their transaction. Civil isn’t giving up. The company says “a new, much simpler token sale is in the works,” details of which will be shared soon. Once those new tokens are distributed, Civil will launch three new features: a blockchain-publishing plugin for WordPress, a community governance application called The Civil Registry and a developer tool for non-blockchain developers to build apps on Civil. ConsenSys, a blockchain venture studio that invested $5 million in Civil last fall, has agreed to purchase $3.5 million worth of those new tokens. The purchase is not an equity; all capital from the token sale is committed to the Civil Foundation, an independent nonprofit initially funded by Civil that funds grants to the newsrooms in Civil’s network. In a blog post today, Civil chief executive officer Matthew Iles wrote that the token sale failure was a disappointment but not a shock. Days prior, he’d authored a separate post where he admitted things weren’t looking good. “This isn’t how we saw this going,” Iles wrote. “The numbers will show clearly enough that we are not where we wanted to be at this point in the sale when we started out. But one thing we want to say at the top is that until the clock strikes midnight on Monday, we are still working nonstop on the goal of making our soft cap of $8 million.” A recent Wall…

Circle Invest lets you buy cryptocurrency collections

With Circle Invest, Circle has been trying to make it as easy as possible to get started with cryptocurrency trading. And the company wants to go one step further with collections of multiple tokens. When it first launched, Circle Invest was pretty straightforward. You could download an app, sign up and buy Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin in just a few taps. But the company then started adding more coins. And if you’re new to the cryptocurrency industry, it’s hard to understand the difference between Ethereum and Ethereum Classic if you weren’t looking at the market when the fork happened. That’s why Circle introduced a feature called “buy the market”. In one tap, you can buy all the coins on Circle Invest, weighted depending on their respective market capitalization. For instance, the total market capitalization of Bitcoin is much higher than the market cap of Monero. So you’ll end up with a lot of bitcoins. 30 percent of Circle Invest users are using this feature. People who buy this package probably don’t invest as much as users who build their own portfolio, so it might not be 30 percent of Circle Invest’s transaction volume. Coinbase recently introduced a similar feature called bundles. In just a few taps, you can purchase all the coins on Coinbase. Of course, both Coinbase and Circle Invest provide a limited selection of coins. But it’s clear that they both want to list more assets in the future. With collections, you can buy a subset of the tokens available on Circle Invest. There are three packages for now — Platforms, Payments and Privacy. For instance, you’ll find Bitcoin, Bitcoin Cash, Stellar and Litecoin in the Payments collection. Once again, collections are weighted by market cap.

Compound launches easy way to short cryptocurrencies

Think Ethereum and other crypto coins are overvalued? Now you can make money when their prices fall via Compound, which is launching its money market protocol for shorting cryptocurrencies today. The Coinbase and Andreessen Horowitz-funded startup today opens its simple web interface allowing users to borrow and short Ethereum, 0x’s ZRX, Brave’s BAT, and Augur’s REP token, or lend them through Compound to earn interest. Compound’s protocol isn’t just useful for crypto haters, or HODLers who want to generate interest instead of just having their coins gathering dust in a wallet.  “If/when Compound scales, this will lead to some really interesting improvements in market structure, namely, fairer prices” Compound CEO Robert Leshner tells me. The startup spent the summer completing a security audit by Trail Of Bits and adding 26 hedge fund partners who will trade with Compound, offering liquidity to independent investors looking to be matched with borrowers or lenders. Next, the startup wants to offer a stablecoin on its protocol, bring in big financial institutions to add even more liquidity, and partner with a wallet provider to make signup faster. Coinbase’s first investment, Compound, earns you interest on crypto Compound users visit its site through a Web3 browser such as MetaMask or Coinbase Wallet and enter their Ethereum price. They can then view the interest rates for borrowing and shorting or lending and earning interest for each of the supported tokens. Compound’s secret sauce is that those interest rates are set algorithmically based on demand, though eventually it wants a community governance body to oversee this process. “It ranges from 5 percent to 45 percent APR depending on how scarce liquidity is . . . in general, we expect supply to outnumber borrowing about 5-1, and borrowing rates to be about 10 percent”. To make sure no one thinks they’re getting scammed, Compound is also releasing a transparency dashboard users can view to check up on all the assets moving through the protocol and see what Compound is earning. It charges 10 percent of what borrowers pay in interest, with the rest going to the lender. That margin is what…

Vinay Gupta to talk about Mattereum at Disrupt Berlin

Cryptocurrency speculation is over. That’s why I’m excited to announce that Vinay Gupta will join us at TechCrunch Disrupt Berlin to talk about cool use cases that could make blockchain projects useful, beyond financial services. Gupta worked on the initial release of Ethereum back in 2015. He contributed when it comes to project management. He then worked with the Consensys team on other cryptocurrency projects. But he’s now 100 percent focused on his own project — Mattereum. As the name suggests, it’s all about bringing physical objects to the blockchain. For instance, if you buy an expensive painting, you want to make sure that you sign a contract with the previous owner that says that you now own this painting. Mattereum helps you set up self-executing smart contracts to transfer digital assets (including tokens that could prove the ownership of a painting). But if you want to combine smart contracts with good old legal contracts, Mattereum has also worked on Ricardian contracts so that those contracts have a legal value. Finally, Mattereum also worked on a decentralized dispute resolution platform that can be enforced in a national court. If you want to listen to Gupta talk about Mattereum himself, then you should come to Disrupt Berlin. Buy your ticket to Disrupt Berlin to listen to this discussion and many others. The conference will take place on November 29-30. In addition to fireside chats and panels, like this one, new startups will participate in the Startup Battlefield Europe to win the highly coveted Battlefield cup. Vinay Gupta Founder, Mattereum Ltd. Vinay Gupta is a technologist and policy analyst with a particular interest in how specific technologies can close or create new avenues for decision makers. This interest has taken him through cryptography, energy policy, defence, security, resilience and disaster management arenas. He is the founder of Hexayurt.Capital, a fund which invests in creating the Internet of Agreements. Mattereum is the first Internet of Agreements infrastructure project, bringing legally-enforceable smart contracts, and enabling the sale, lease, and transfer of physical property and legal rights. He is known for his work on the hexayurt,…

Circle launches its stablecoin

When Circle raised its $110 million funding round, the company used this opportunity to talk about its stablecoin — USD Coin, or USDC for short. And you can now buy, sell and send USD Coins on Circle Trade and Circle’s exchange Poloniex. But what is a stablecoin? As the name suggests, 1 USDC is worth 1 USD. Unlike traditional cryptocurrencies, you can be sure that the value of USDC isn’t going to fluctuate like crazy. There are multiple reasons why you’d want to use stablecoins. First, if you want to short cryptocurrencies without cashing out, you can convert your bitcoins or ethers to USDC. This way, it’ll be easier to buy cryptocurrencies again in the future. Second, if you want to avoid traditional financial institutions, you can send USDC to other people without going through a bank. Sending USDC is like sending any other token — you just need to tell your recipient to get a wallet and ask for their wallet address. Third, I’m sure many people are going to use stablecoins to avoid taxation issues. It’s easier to hide a bunch of tokens than a big wire transfers hitting your bank statement. Many people living in countries suffering from hyperinflation or chronic inflation, such as Venezuela or Turkey, could also rely on USDC to convert some of their savings. This way, you don’t have to open a bank account in another country. USDC is an ERC-20 token, which means that it’s easy to add support for USDC if you’re running an exchange or a wallet. But Circle wants to make sure that issuers are not just printing money without any actual USD in their bank accounts. Multiple companies partnered to create CENTRE, a consortium that is going to define policies around stablecoins and governance. If you want to issue USDC, you have to comply with a bunch of rules. In particular, you have to send monthly audited reports proving that you have as many USD on deposit as issued tokens. Multiple companies have already announced that they will begin trading USDC soon, such as DigiFinex, CoinEx, KuCoin, OKCoin,…

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