Cryptocurrencies: 2019's Best-Performing Asset

By Moris Beracha.-

Cryptocurrencies have become the best performing asset in 2019. Sources have indicated that, according to recent research, the digital asset of cryptocurrencies has outperformed other assets by a wide margin. Although cryptocurrencies are still below the peaks experienced in 2017, they have returned great benefits from the so-called crypto winter, when everyone thought it was the end of it as a whole.

Cryptocurrencies are still trading at least 100 % above their 2018 price levels, even during a slight downward trend —Bitcoin prices are an example of this. 2019 didn’t start off as expected, but the massive rebound due to Bitcoin, which is the first of cryptocurrencies, did much to elevate the crypto space to its current position, where it has overtaken all traditional assets that include gold and oil along with paper assets.

Ethereum, which comes second only to Bitcoin in terms of market capitalization, has made gains of up to 35 % so far, and XRP, the only cryptocurrency that everyone thought would exceed expectations, is also 25 % negative at January prices.

While this presents a mixed bag for many, it also means that the crypto coins have passed the proof of concept test by being able to stay above in terms of perception and being able to capture the hearts and minds of millennials and the world.

This has also created a scenario in which the digital asset of decentralized accounting technologies appears to be the next big thing in the financial world. The central concept of decentralized finance driven by the cryptocurrency type could be the next level of evolution for global markets.

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Vending machines, the new target for cryptocurrencies

By Moris Beracha.-

There are food and sweet vending machines all over the world. Therefore, this market has become the target of some developers, who are working to enable people to pay for products into vending machines with cryptocurrencies.

It can be highlighted that the energy drinking company “Red Bull” installed the first energy drink machine that only accepts bitcoins (BTC) in 2016, amid the Paralelni Polis congress of hackers in Prague, the Check Republic.

Then, the price of tokens dropped and many companies that planned to develop this type of technology decided to turn a blind eye, until in 2019 they decided to take up said systems.

In this sense, it is important to mention that a Brazilian programmer and hardware hacker created a Coca-Cola vending machine accepting payments in BTC. The machine also accepts Lightning Network (LN) transactions.

According to the TheNextWeb site, “this machine has been assembled by using a water pump, a touchscreen, wood and a Raspberry Pi. The customer has to scan a QR code that appears to be processing a BTC payment”.

Once the payment is received by the machine, it dispenses the Coca-Cola. For a high-speed transaction without adding large amounts of commission payments, creators developed the use of LN.

In the same way, iVendPay startup announced its partnership with GoByte, a well-known cryptocurrency Company.

This meant that at the end of 2018 vending machines were installed in Malaysia and Israel that accepted cryptocurrencies as payment.

“The partnership between iVendpay and GoByte is caused by the high demand for universal services allowing to pay for goods and services with cryptocurrency in everyday life. The choice in favor of GoByte was made due to the peculiarities of this cryptocurrency, designed for instant processing of micropayments with a small commission,” said Sergey Danilov, the founder of Ivendpay.

Thus, Is Latin America ready to install this type of vending machine?

Certainly, the use of cryptocurrency in countries like Colombia, Brazil, Venezuela, Argentina and Chile, is on the rise; therefore, businesses are very likely to target Latin America and we can soon see these types of vending machines that make people’s lives easier.

Article Published in: https://medium.com/@morisberachawuani/vending-machines-the-new-target-for-cryptocurrencies-ee1cdbfba558

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Venezuela expands its cryptocurrency portfolio

By Moris Beracha.-

The Venezuelan government has carried out a massive advertisement campaign nationally and internationally, to promote its crypto asset called “Petro”, which has taken center stage, since it is used and anchored to the local currency and accounting unit in the finances of the South American nation.

Not only is the referred token commercialized in the country, which is backed by the huge oil reserves, but also digital entrepreneurs have decided to develop new cryptocurrencies that allow Venezuelans to protect their money in the face of a serious economic crisis that could not be controlled by the administration of President Nicolás Maduro.

In this sense, the head of the Venezuelan Association of Cryptocurrency (Asonacrip), José Álvarez, has stated in different media “there is a modest number of successful developments beyond the petro in Venezuela.”

It should be noted that in addition to bitcoin, dash and the bolivar, Venezuelans have other alternatives at their disposal, and some of them already work, with cases of their use in real life.

Here is a list of private cryptocurrencies that will give people something to talk about in 2019:

Bolivarcoin: It is a Venezuelan virtual currency created by Satoshisimon Bolivarmoto. It was born in 2015 and is based on the Bitcoin culture, aimed at maintaining anonymity, speed of transactions and financial freedom. The philosophy of Bolivarcoin is to follow the ideals established by other altcoins and adapt them and make it more user-friendly by creating a campaign on social networks to inform about its benefits and uses.

ArepaCoin: According to its developers, this cryptocurrency has as its main objective the recognition of Venezuelan bread: the arepa. Arepacoin is algorithm (SCRYPT), hybrid, PoW / PoS / PoS is 3% per year offering a currency of low inflation and organic growth.

OnixCoin: “It’s a digital currency focused on privacy, with instant transactions and an open source. It allows you to keep your finances private, similar to cash,” it says on their website. This crypto that “anyone can extract or buy” currently costs 0.002914 USD. It has a market capitalization of $ 312,048 and is ranked 957 on the Coinmarketcap platform.

PerlaCoin: Although there is not much information about the development of this cryptocurrency, on twitter we could find that it is a project that was established in Margarita Island and it is a token for tourism in Venezuela. “We want to use the advantages of blockchain technology and the legalization of crypto-assets to boost tourism and associated trade, mainly in Nueva Esparta and the Insular Territory of Miranda.”

Undoubtedly, all these cryptocurrencies can be used as a method for inflation protection, since several of them offer very low commissions when compared to bitcoin and people can have access to buying and selling in local currency.

In addition, the Venezuelan crypto can be used for sending and receiving remittances, buying and selling goods and services, covering a wide spectrum both nationally and internationally.

Article published in: https://medium.com/@morisberachawuani/venezuela-expands-its-cryptocurrency-portfolio-deae2bc19450

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Do you know how to protect your cryptocurrencies?

By Moris Beracha.-

The bitcoins and the main cryptocurrencies in the market were designed with some important security patterns, which make them quite difficult to steal.

The fundamental aspects of cryptocurrencies include protecting user privacy, avoiding asset theft and avoiding harmful practices such as double spending.

However, there are some failures that are sought out by hackers, which allow them to take over and empty some accounts, leaving losses, in some cases, of thousands or millions of dollars.

According to the Bit2me cryptocurrency and blockchain academy, about a billion US dollars in Bitcoin have been stolen to date.

They recall the thefts in Mt Gt I and II, for a total of 769,408 bitcoins; the 173,655 bitcoins seized by the FBI when closing Silk Road; the robbery known as “Pony” Botnet, which stands out due to the number of machines involved, and which amounted to a total of US $ 220,000 in various types of cryptocurrencies that currently exist.

Given the latent threats, some experts in digital security make the following recommendations to have a safe and well-protected investment:

1.- Manage your own passwords. Leave the cryptocurrencies as little as possible in the hands of third parties and adopt measures regarding the pishing.

2.- Update software, antivirus and wallets.

3.- They recommend encrypting private passwords, for example, of the purses, with passwords or pins. Also, to make it difficult to decipher them, it is convenient to use complex passwords to encrypt.

4.- The use of password managers can be interesting, but it is necessary to write them somewhere else in case you lose access to the manager.

5.- If you decide to use online services, it is advisable to use double authentication or double security level.

6.- In case you use offline wallets, the best advice is to back them up and store them in different places. If any of them allow it, it is convenient to encrypt them.

7.- If wallets are used, it is advisable to confirm if they are HD or not. In the first case, it may be enough to backup the seed. In the second, it is convenient to switch to HD wallets, and, in the meantime, back up each transaction.

With these 7 steps you will be able to keep your cryptocurrencies safe and it is always necessary to be updated regarding security information in order to make hackers work harder.

Article Published in: https://medium.com/@morisberachawuani/do-you-know-how-to-protect-your-cryptocurrencies-2519e41f8a4c

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Russian investors continue betting on cryptocurrencies

By Moris Beracha.-

Article published in: http://www.medium.com

2018 was a negative period for some of the world’s most important cryptocurrencies. The value of Bitcoin, Ethereum, LiteCoin, Ripple among many others, dropped over the previous year and a large number of investors lost millions of dollars.

However, countries such as Russia still maintain their hopes in digital assets and despite the price crash, the interest in cryptocurrencies remains.

According to financial consultant Olga Prokhorova, the new generations of entrepreneurs are looking to make some kind of investment with tokens, because they trust that this will be the future.

In an interview with the news channel of Federal Press, the also representative of the “International Financial Center”, cited data from a study published by the University of Cambridge suggesting that the number of users with identity to perform some type of transaction in the cryptocurrency ecosystem has grown to more than 35 million worldwide.

The study also shows the increase in transaction volumes in P2P exchanges, such as the local currencies of countries that have experienced a currency crisis. Russia, which has gone through a financial crisis in the past, was included in this group of nations led by Venezuela, which is currently overwhelmed by the worst economic crisis in its history.

It should be noted that according to some specialized portals such as Coin Dance, the weekly volumes of Localbitcoins in Russian rubles have followed an upward trend since the spring of 2018, from the year’s low of around 740 million rubles in mid-March (approximately $ 10.6 million) to well over 1.2 billion rubles (almost $ 18 million) in the last full week of December.

It is also important to mention that some cryptocurrency global trading platforms are opening offices in Russia, such as “Huobi”, which launched a Russian-language website.

Finally, it is still less possible the issuance of a local currency by the Russian government, as Venezuela did with the “Petro”, due to the statements released by different political personalities including Vladimir Putin himself, who has ruled out, for the moments, this kind of move in the Russian economy.

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Cryptocurrencies are becoming a more viable payment method in Venezuela

By Moris Beracha.-

The serious economic crisis in Venezuela has forced citizens to use electronic means of payment, including cryptocurrencies.

The high prices of products and services, besides cash shortage, is driving companies and businesses every day to find ways to exchange digital assets for the purchase and sale process.

In a press release, the Church’s Chicken fast food chain informed that 10 of its 13 restaurants nationwide will accept payments using the cryptocurrency Dash.

“Given the technology development worldwide, we were interested in not only remaining as a fast food chain restaurant, but being an icon in the financial and commercial economy of the country. Also, since other payment methods are managed globally and due to the financial problem we have in Venezuela, we believed and bet that we, even if we had economic problems, had a fundamental tool to develop in a complex country,” said Church’s Chicken’s Human Resources Director Yoneila Mata.

Meanwhile, the largest department store in Venezuela, “Traki” in some of its branches has displayed posters announcing they also accept cryptocurrencies as a means of payment.

It is worth stressing that the information has been confirmed in a section on Reddit by the user “ImViTo” announcing the purchase of over 800 school items and clothes with US $ 260 in Bitcoin, which would be donated to children in need in Venezuela.

Moreover, the retail store is adverting the acceptance of Bitcoin (BTC), including Dash, Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

Likewise, the adoption of Dash in Venezuela has exceeded 2,500 merchants, and has turned the country into the main source of cryptocurrency wallet downloads.

According to Business Development head of Dash Merchant Venezuela Alejandro Echeverría, most of the work has been done in Caracas, 95% of merchants and users are in the capital.

“It’s the right way to do it: focus on one specific place, prove the strategy and then scale it. So, since we already proved that our strategy works, we need to repeat and scale it. Also, one of the things we need to solve is the liquidity issue. For this we already set up an alliance with Bitnovo for the Dash remittance project. In this way, we will get Dash into people’s hands and Dash will flow in the economy. Repeat and scale, that’s what we need to do. Besides, we will look to onboard big supermarkets and pharmacies,” he said.

Undoubtedly, cryptocurrencies could help Venezuelans solve the cash shortage overwhelming the economy; however, hyperinflation rates thwart the massive distribution of this technology, thus benefiting few people.

https://medium.com/@morisberachawuani/cryptocurrencies-are-becoming-a-more-viable-payment-method-in-venezuela-1c8ec52f8d51

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Cryptocurrencies added to Scrabble world list

By Moris Beracha.-

 Although many investors are still skeptical about bitcoins, cryptocurrencies around the world continue to gain ground. Digital currency, as it is also known, has been traded by soccer players, concert companies, bicycles, among others.

In this sense, the latest news that has caused a commotion in the digital domain is the inclusion of the terms bitcoin, cryptocurrency, blockchain, among others, to the Merriam-Webster Scrabble dictionary, an official publication used as arsenal by the players of the world’s most popular board game.

Who has not had fun playing scrabble with friends and family?

It should be recalled that Scrabble is a board game, in which each player tries to score more points as they place words on a board with a 15-by-15 grid.

Words can be placed in a straight line horizontally or vertically and can be crossed as long as they appear in the aforementioned dictionary.

Hasbro owns the property rights in the United States and Canada, Mattel in the rest of the world.

It was previously owned by Murfett Regency in Australia, until it was bought by J. W. Spear & Sons (now a subsidiary of Mattel). It is also known as Literati, Alfapet, Funworder, Skip-A-Cross, Scramble, Spelofun, Crosswords, Intelect and Word for Word. The game is sold in 121 countries, in 29 different languages.

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