Men over Boys: Justin Sun taps seasoned professional Jeremy Allaire for Buffett lunch

Justin Sun has graduated. Amidst the Libra-hangover that the entire industry is still dealing with, an important event has slipped away from the limelight. The much-talked about lunch between the digital asset industry’s master marketeer, Tron’s Justin Sun, and Berkshire Hathaway’s Warren Buffett is on the horizon, and the guest list has another name. Scheduled […]
The post Men over Boys: Justin Sun taps seasoned professional Jeremy Allaire for Buffett lunch appeared first on AMBCrypto.
Source: AMB Crypto

Wibson reduces up to 99% the Ethereum gas cost solving scaling issues

The Wibson team released a Batch Payment technology that benefits the blockchain community as it reduces transaction and operational costs that can improve the economic viability of hundreds of Ethereum-based projects. One of the greatest challenges for the viability and scaling of blockchain networks is managing the costs of “gas”, the payments that receive third […]
The post Wibson reduces up to 99% the Ethereum gas cost solving scaling issues appeared first on AMBCrypto.
Source: AMB Crypto

Crypto InterCambio provides crypto exchange services for more than 100 crypto assets; exchange charges no registration or service fee

The economic situation in Latin America is anything but prosperous right now as major countries in the provinces are struggling to cope up with extreme mismanagement and the prospects of growth remain very frugal. In light of the current situation, many countries had turned their attention towards virtual-assets as a way out of the mass […]
The post Crypto InterCambio provides crypto exchange services for more than 100 crypto assets; exchange charges no registration or service fee appeared first on AMBCrypto.
Source: AMB Crypto

Will Bitcoin breach another key resistance before the week ends or have the bulls run out of gas?

Another week in the cryptocurrency market is coming to its close and predictions with regards to Bitcoin’s price continues to draw out new situations for the king coin. Over the last seven days, BTC did not exhibit any significant price movement as the valuation consolidated between the range of $10,700 and $12,000. The price had […]
The post Will Bitcoin breach another key resistance before the week ends or have the bulls run out of gas? appeared first on AMBCrypto.
Source: AMB Crypto

ICONOMI Crypto Funds for Everyone. One Account. Single Click Rebalances.

The power stays in the hands of subscribers on ICONOMI. The UK-based platform strives to “transform the way people invest” with the goal of making digital assets accessible to everyone. Saving investors time since 2016, ICONOMI is pioneering a company that puts its users first, by taking care of the tricky parts. ICONOMI is the […]
The post ICONOMI Crypto Funds for Everyone. One Account. Single Click Rebalances. appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin recovers from correction; records new 24-hour trading volume ATH of $46 billion

Bitcoin led a rally on June 28, pumping by over 6% in an hour. The price of the coin grew from $10,300 to $11,375.95, driving up the prices of altcoins like Binance coin [BNB] and Litecoin [LTC]. Apart from the coin’s roller coaster price movement, Bitcoin achieved a new milestone after it reported a new […]
The post Bitcoin recovers from correction; records new 24-hour trading volume ATH of $46 billion appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin’s mission to succeed gold holdings in countries no longer an utopian possibility

Bitcoin has stolen the scene in the cryptocurrency market again after massive surges propelled the world’s largest cryptocurrency past the $10,000 mark recently. The price boom resulted in many proponents of the cryptocurrency to make connections between the growth of the digital asset and its impact on mainstream finance in the future. A recent analysis […]
The post Bitcoin’s mission to succeed gold holdings in countries no longer an utopian possibility appeared first on AMBCrypto.
Source: AMB Crypto

Binance’s CZ announces ‘anti-fraud system’ as community praises Bitrue’s response to hack

Singaporean cryptocurrency exchange, Bitrue, after being targeted by a hack that led to 9.3 million XRP and 2.5 million ADA being stolen from the exchange’s hot wallet, was back online within 24 hours. It even announced the compensation of stolen digital assets to all its affected customers. What was communicated as a “system overload” requiring temporary […]
The post Binance’s CZ announces ‘anti-fraud system’ as community praises Bitrue’s response to hack appeared first on AMBCrypto.
Source: AMB Crypto

Facebook’s Libra copied Hedera’s governance model?

Another day, another controversy as Facebook ostensibly gets embroiled in controversies every passing day post its contentious announcement of the Libra project. The recent one involves a full page advertisement on the Wall Street Journal and a tongue-in-cheek short note directed towards the social media giant, The advert read, “Thank you facebook Libra. Imitation is the […]
The post Facebook’s Libra copied Hedera’s governance model? appeared first on AMBCrypto.
Source: AMB Crypto

Binance Coin records yet another milestone in 2019 as BNB’s market cap crosses $5 billion

Binance coin [BNB] added another feather to its cap after it surged and achieved a market cap of over $5 billion. The achievement comes the same year as when Binance launched its own decentralized exchange, DEX.
Binance today, is one of the world’s biggest crypto-exchanges in terms of trading volume. The exchange’s performance has had a positive influence on its native token, Binance Coin. Binance, alongside Coinbase, also enjoys the highest web traffic among all the world’s crypto-exchanges.
Source: CoinMarketCap
The overhead chart depicts BNB’s elliptical surge in terms of both value and market cap. BNB maintained a stable valuation throughout much of the year, even during the crypto-winter when a majority of coins dipped. In fact, Binance’s native token has surged by over 450% in 2019. At press time, BNB was priced at $35.69 with a 24-hour trading volume of $552.52 million. It had a market cap of $5.04 billion.
The main reason behind BNB’s surge is its migration from ERC-20 to Binance’s own blockchain. Also, as already discussed, Binance’s own performance has rubbed onto the performance and valuation of Binance Coin. Additionally, the migration of many other digital coins to Binance blockchain has also contributed to the success and growing popularity of the two.
Source: TradingView
The landmark was celebrated by many of Twitter, with a user commenting,

Congratulations to @binance.$BNB just broke $5 Bil. Market cap.
This is just the beginning
Up next $40????
Slowly but surely

#BUYBNB
— DR. (@Dr_Yilmaz_PhD) June 13, 2019
Changpeng Zhao, CEO of Binance, was however humble and gracious about the achievement. He tweeted,

Lol, found out through this tweet. Focus on #buiding.
— CZ Binance (@cz_binance) June 13, 2019
The post Binance Coin records yet another milestone in 2019 as BNB’s market cap crosses $5 billion appeared first on AMBCrypto.
Source: AMB Crypto

Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality and censorship resistance’

The launch of cryptocurrencies from mainstream institutions has been the norm of the digital assets industry for some time now and the Mark Zuckerberg-led Facebook’s Global Coin has been front and center with regards to that. A recent article by Yahoo Finance that stated Facebook’s GlobalCoin would  “annihilate Ripple” was doing the rounds on Twitter and even caught the eye of Ripple’s Chief Technology Officer, David Schwartz.
The article quoted the words of ‘Bitcoin expert’ Max Keiser who had claimed that the Facebook global stablecoin obviates the need for hundreds of altcoins ‘including XRP’ and that the altcoin apocalypse was high. To this, Schwartz retorted:
“I love opinions about XRP that don’t show any evidence of having any understanding of XRP. This is just bitcoin minimalist thinking that there’s bitcoin and everything else.”
This comment led to an all-out debate between Schwartz and Noryn SYra, a cryptocurrency enthusiast, who wanted Schwartz to admit that  Ripple was a permissioned system, a statement denied by the Ripple official. The debate continued when Syra claimed that validators have to choose who to put on the Unique Node List and if a user was not on someone’s UNL then the ‘validator does not mean anything’. Schwartz replied:
“I don’t see how you can square that fact with the fact that there is no way to tell whether your validator is on someone else’s UNL or not and the system works precisely the same whether it is or isn’t.”
Ripple’s ‘trillion dollar man’ continued:
“Think of it like mining except you don’t get rewarded and can’t censor. Why does it matter who is doing or not doing it at that point. It’s permission … to what?”
The computer scientist further pointed out that the one problem that users cannot solve with the public state was ordering valid transactions received at about the same time. He added that no one really cared about that properly as long as it worked unhindered. David Schwarz concluded the Twitter thread by stating:
“Bitcoin costs millions of dollars a day to solve this problem and it gets mediocre finality and mediocre censorship resistance. We solve it for nearly nothing with better finality and censorship resistance. You respond that you need “permission” to have no affect on the network.”
The post Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality and censorship resistance’ appeared first on AMBCrypto.
Source: AMB Crypto

DAO.Casino Blockchain TestNet 1.0 Release

DAO.Casino is both pleased and excited to announce the launch of the TestNet 1.0 of its Blockchain project. This public testing environment provides developers and contributors with access to the beta version of the DAO.Casino network, to sample our next generation solution for the Gaming industry.
Launch of DAO.Casino TestNet 1.0
This is a huge milestone for the company, considerably progressing DAO.Casino along with our ambitious roadmap (it has taken over 5 months of intense hard work from our dedicated team). For our network participants, this provides the opportunity to experience DAO.Casino’s concept first-hand, opening the doors to Gambling 3.0.
TestNet 1.0 is open for anyone within the system to become a beta-tester. The source code and setup instructions can be found in our repository, enabling access to a full set of available features.
TestNet Features
DAO.Casino TestNet1.0  features our new consensus algorithm-RANDPA, with improved finality. As noted previously RANDPA-our next-gen revolutionary consensus algorithm-finalizes transactions within seconds. To observe RANDPA in action, you can check the LIB [last irreversible block] ID via the DAO.Casino block explorer.
The Block Explorer, another available TestNet 1.0 feature, provides access to token and transaction details and histories for the full user experience. Moreover, our test token faucet [accessible via telegram bot] will enable the provision of test tokens for users to run smart contracts on the blockchain.
Check our repository for system instructions and setup of the TestNet 1.0.
Next steps:
Our next steps will result in an updated version of the TestNet 2.0 to include governance capabilities [voting, staking, etc]. This will allow users to beta test the DPOS system.
Head to our Telegram to speak directly with support concerning setup or to ask any further questions. Our committed team is dedicated to assisting network users in getting their TestNet environments up and running, to truly show users what DAO.Casino can do.
Keep up to date with news on our upcoming milestones by following DAO.Casino on social media:
Facebook, Twitter, Reddit, or Medium. You can find real-time platform updates on our Github.
The post DAO.Casino Blockchain TestNet 1.0 Release appeared first on AMBCrypto.
Source: AMB Crypto

SEC’s complaint against Kik is based on ‘flawed legal theory,’ claims Kik Interactive’s General Counsel

Kik Interactive Inc., a messaging service, responded to the enforcement actions taken against it by the  U.S. Securities and Exchange Commission [SEC]. In a press release, Chief Executive Officer of Kik, Ted Livingston, said that they had been expecting this and now, they “welcome the opportunity to fight for the future of crypto.”
The CEO further added,
“We hope this case will make it clear that the securities laws should not be applied to a currency used by millions of people in dozens of apps.”
Kin token was launched in 2017, and has been adopted by various apps since, with such apps being popular among people. Livingston claimed that by the time of the trial, Kin token would be the most widely used crypto in the world. He added that the SEC’s actions would stand as a challenge, but it would not impact the use, transferability, and characterization of Kin.
The company further defended itself by saying that the SEC’s complaint against it was “based on a flawed legal theory.” Eileen Lyon, Kik’s General Counsel, listed the issues with SEC’s complaint and how they used the Howey Test “beyond its definition.”
“Among other things, the complaint assumes, incorrectly, that any discussion of a potential increase in value of an asset is the same as offering or promising profits solely from the efforts of another; that having aligned incentives is the same as creating a ‘common enterprise’; and that any contributions by a seller or promoter are necessarily the “essential” managerial or entrepreneurial efforts required to create an investment contract. These legal assumptions stretch the Howey test well beyond its definition, and we do not believe they will withstand judicial scrutiny.”
She further noted that the Wells Notice received in November 2018 was addressed to both Kik and the Kin Foundation. However, after reading the company’s Wells Notice, SEC decided to not name the Kin Foundation. Along with this, the SEC did not assert any claims based on Kin transactions that took place post the company’s 2017 pre-sale and token distribution.
“In our view, the SEC’s decision not to bring such claims acknowledges that the transactions currently taking place within the Kin Ecosystem do not fall under the federal securities laws.”
Even though the CEO claims that the SEC’s claims against the company present only a selective and misleading picture, it is expected that the whole story will soon be presented in court.
Apart from Kin, there are many other cryptocurrencies fighting to being considered as a security. Kin’s case may speed things up for such cryptos.
The post SEC’s complaint against Kik is based on ‘flawed legal theory,’ claims Kik Interactive’s General Counsel appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin: I created LTC for fun; wanted to mimic gold, silver relationship, says Charlie Lee

In the middle of the chaos within the crypto-ecosystem, Litecoin [LTC] has undoubtedly maintained its position as one of the top performing altcoins. The controversial Litecoin creator, Charlie Lee, made a rare appearance in a YouTube video interview to discuss Litecoin’s current position and future plans.
Taking a deep dive into the entrepreneur’s mindset, Lee said,
“I created Litecoin mostly for fun. I wanted to mimic the gold and silver relationship with Bitcoin and Litecoin, where Bitcoin bitcoin is good for store value and Litecoin is good for payments.”
Lee further acknowledged that he never expected Litecoin’s success in retaining its trading value since inception. He attributed the altcoin’s growth to not only Bitcoin’s [BTC] bull run and slow transaction speeds, but also to the activation of SegWit on the blockchain. Additionally, he highlighted the fact that no coin would be for “everything and everyone.”
In order to simplify the stark differences, the leader of the Litecoin Foundation clarified,
“Litecoin is less decentralized and less secure than Bitcoin, but it optimizes for faster transactions, lower fees, and more bandwidth. This feature made us target the micro-transaction space.”
One of the main reasons for Bitcoin’s comparatively slow transactions was that “miners were trying to find the highest fee pay transactions and mine those for greater profit.” Lee also shared that there were mechanisms in place which prevent miners from increasing/colluding mining fees, which would eventually create a good supply and demand for miners, until finding balanced fees for users as well.
Lee mentioned that he was involved in building Litecoin while working for Coinbase and shared the common intention to make Bitcoin [cryptocurrency] easy-to-use for the average person. Talking about one of Litecoin’s secrets to success, he suggested fellow entrepreneurs to make sure the entire ecosystem around their crypto was working perfectly, before even talking about launching it on a large exchange. While further discussing his experience in crypto, Lee said,
“It’s quite likely Satoshi’s actually passed away. But in case he’s actually still here, he doesn’t have to deal with all this bullshit.”
The post Litecoin: I created LTC for fun; wanted to mimic gold, silver relationship, says Charlie Lee appeared first on AMBCrypto.
Source: AMB Crypto

Ripple: XRP-focused cryptocurrency exchange XRP United announces termination of all operations

In yet another case of a cryptocurrency exchange meeting its untimely demise, the Estonia-based and Ripple’s native XRP-focused, XRP United, announced that it will be ceasing all operations from 1st July. The exchange added that funds not withdrawn within the stipulated date will be liquidated and the proceeds donated to the charity. The official announcement also suggested that the exchange will stop accepting fund deposits from the 15th of June.
XRP United’s official tweet read,

It is with regret and sadness that we have to announce that XRP United Exchange will cease operations on 1st of July 2019 at 00:00:00 UTC. If You are a customer of our exchange, please check Your email for further instructions.
We thank the #xrpcommunity for all the support!
— XRP United (@xrpunited) June 2, 2019

Founded in 2018, the platform’s decision to wrap up activities in less than a year since its inception was speculated to be the death of one of XRP United’s key members. The Ripple-focused exchange had tweeted,
“It is with great sadness and sorrow that XRP United teams announces the passing away of P3T3RIS @p3_ris , a key member of the XRP community and a great visionary… We kindly ask you to take a moment to remember him. Thank you on behalf of the entire XRP United team.”
Mart Liivand, CEO and Co-founder of XRP United, in an Imgur post had revealed that the team would continue operating in the fintech space and working with XRP. Liivand also hinted at upcoming projects aimed at a wider audience.
The post Ripple: XRP-focused cryptocurrency exchange XRP United announces termination of all operations appeared first on AMBCrypto.
Source: AMB Crypto