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

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.

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

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.

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.

China Seeks Blockchain Experts

By Moris Beracha.-

For several months, different companies in China have been recruiting Blockchain experts, due to the significant restoration of the lost confidence of users and financial institutions in these technological processes.

It should be noted that Blockchain is a distributed ledger technology that securely and immediately processes economic transactions, making intermediaries unnecessary.

According to some human and labor resources organizations, the annual wage for this type of professional profiles is 223,000 euros.

The Blockchain, together with the developers of Clouds and Artificial Intelligence, are the sectors of Information and Communication Technologies (ICT) with a greater future and a growth outlook for the next 10 years.

In this regard, it should be noted that Hong Kong seeks to attract skilled professionals, and thanks to the country’s particular immigration policy, talented workers with experience in Blockchain technology can be easily admitted to work in the Asian giant.

The government of the Chinese province published its first list of skills to attract qualified professionals from all over the world, specialized in 11 chosen professions as the most important profiles necessary for the development of the country’s economy.

“Experts in innovation and technology in Blockchain, artificial intelligence (AI), data engineers, robotics, biometrics and chemical and industrial engineering” are among the most in-demand skills.

The government is willing to attract the applicants, enabling their immigration to be potential workers through the Quality Migrant Admission Scheme (QMAS).

Applicants who meet the prerequisites may choose to be assessed further either under a “General Points Test” or an “Achievement-Based Points Test”.

Blockchain experts can earn “additional points” in the QMAS General Points Test, according to the Government.

To be qualified in the ​​innovation and technology area, applicants must hold a bachelor’s degree or higher education degree, with proven experience in recognized firms and know how to lead the Blockchain to financial services.

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Can your computer mine Bitcoins?

By Moris Beracha.-

Since the arrival of Bitcoin, computers now have another function: to make small amounts of money with cryptocurrencies. However, mining is not as simple as turning on a computer.

Your computer hardware is a key factor when mining and will make the difference between making money with cryptocurrency or even losing money.

Computer Hoy explains that to mine Bitcoin or any other cryptocurrency your computer must be permanently solving algorithms that will limit the processing capacity of your hardware. The more efficient it is in solving those calculations, the greater the reward.

In the case of bitcoins, one or several high-end graphic cards are required to increase mining capacity and computational processing of the computer.

To know if the capacity of a hardware is profitable for bitcoin mining, the internet has calculators that will help any user. It is recommended to visit the NiceHash profitability calculator, one of the easiest options to check the profitability of your PC for bitcoin mining.

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Coin money laundering is driven by cryptocurrency exchange theft

By Moris Beracha.-

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According to a quarterly report released by Cipher Trace, the quantitative investment firm, specializing in the systematic trading of cryptocurrencies, in the first half of 2018, more than $760 million in cryptocurrency was stolen from exchanges, nearly three times more than in 2017.

The growth in the demand for currency in the industry of services has driven, according to this report, money laundering of coins. Also, the services that clean dirty funds are widely available, said CipherTrace, and some have even advertised through Google AdWords.

Likewise, many exchanges, and new ones are opening all the time, have security vulnerabilities. And cryptocurrencies, once stolen, often cannot be returned or even traced to the thieves.

“There are so many cryptocurrencies now, and they are worth so much money, and there are so many exchanges globally where you can cash out, that we’ve seen not just traditional cyber gangs, but we’ve seen a new set of criminals enter this space,” chief executive officer David Jevans told Bloomberg agency. “This overall market expansion has created a whole new generation of cyber criminals that didn’t exist 15 months ago.”

Currently, the current market value of the top 100 cryptocurrencies is about $ 270 billion, according to

Regulators have said that many exchanges and startups issuing new coins still do not do enough to check customer identities and verify that users are not laundering stolen funds. Users buying and selling coins are typically represented by anonymous addresses.

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