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

Bitcoin Price Increases and Forecasts Are Shattered

By Moris Beracha.-

Some cryptocurrency research analysts predicted that in 2019 these crypto assets would keep a downfall trend and in the best of cases would hold a steady price.

However, April 2 marked a major rise in bitcoin’s Price, which seems to represent new capital injection to the rest of the altcoin market.

Just 24 hours before the aforementioned day, bitcoin was traded towards the USD 4.150; then, in less than one hour, it reached USD 4,850 and dropped to USD 4,750, but at the moment of writing this article BTC is traded at USD 7,924.10.

As most cryptocurrencies, there is still a high correlation between the traditional assets market and bitcoin and this token is the most liquid cryptocurrency in the market. The crypto market is benefiting from this rise.

So far, there are unclear reasons for this sudden increase of bitcoin’s price. Some media have related this increase to fool jokes and fake news on the approval of a BTC EFT in the US market, but it seems that this rise is caused by market dynamics.

Bitcoin’s price has been on a steady rise for three months, but in comparison to this same date last year, those who could afford to buy at that time are still losing over 30%.

A report, authored by Adamant Capital founders Tuur Demeester and Michiel Lescrauwaet, argues several reasons for optimism on the future of bitcoin.

The report highlights that bitcoin is in a heavy accumulation phase with a volatility drop, after showing a major decline in December last year.

Likewise, Adamant states that bitcoin is very likely to head lower in a cycle that seemed auspicious.

“We think bitcoin has entered the accumulation phase of the bear market and has recovered from capitulation; bockchain data show holders are looking at long-term horizons again, according to our drawdown and volatility analyses,” suggested the report by Adamant Capital.

These results suggest that bitcoin is the strongest cryptocurrency and is here to stay for many years.

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

Mining with GPU, a way to earn cryptocurrencies with little effort

By Moris Beracha.-

Different companies that manufacture computer hardware and electronic components have launched campaigns to offer their users, a kind of “passive” mining that will allow them to make profits in cryptocurrencies with very little effort.

The decision is basically due to the resounding fall in the prices of the main digital currencies, which have hit hard the assets of these companies.

Given this reality, the Taiwanese company Asus, has decided to take action on the matter, specifying an alliance with Quantumcloud to develop a software that allows users of its gaming equipment, to mine cryptocurrencies while our GPU is at rest.

To date the Asian technology giant has not offered details of how this tool will work and they have not explained which cryptocurrencies can be mined through it.

Although the Quantumcloud website ensures that users of their application “will not get rich quickly,” they argue if they can get some money while the computer’s GPU is in sleep mode.

Different specialists in the field believe that this initiative will not have any kind of benefits for companies, since whatever is collected, in their opinion, will be insignificant given the large losses recorded in 2018.

This Asus initiative would join modalities such as mining bitcoins and ethereum with a computer using “Minergate” that does not require special equipment or high computer skills and in addition, many describe the experience as a “fun” experiment.

Although this type of mining is not at all profitable, it is very important to know that companies are concerned and working to keep the issue of cryptocurrencies afloat, which could give a long life to these digital assets that today are suffering a losing streak.

Article published in: https://medium.com/@morisberachawuani/mining-with-gpu-a-way-to-earn-cryptocurrencies-with-little-effort-f2479f91bf0c

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

Did You Know that There Is a Baby Blockchain Whose Parents Are Argentinian?

By Moris Beracha.-

Argentines Santiago and Pia can be a clear example of a couple who lives and dreams of technology, since they are the parents of the first blockchain baby.

Technology helps human beings every day; however, some people become obsessed with it and seek to be the pioneers when transforming some type of previously established procedure.

Argentines Santiago Siri and Pia Mancini can be a clear example of a couple who lives and dreams of technology, since they are the parents of the first blockchain baby.

Roma Siri was born on November 8, 2015, and now is 2 years and 10 months, but she is still considered the first human whose birth was registered in the decentralized database.

The girl’s parents have been working for several years to develop blockchain-related projects, including democracy.earth and are partners of Bitex, one of the largest exchanges in the region.

In November 2015, Siri made the decision to register his daughter’s birth in the Bitcoin blockchain.

“Roma became the first human being to be registered in the decentralized database, even before in any other registry. The birth’s video was registered as a trial and identified with the code: bc692d6a663a0dc8886431d0c685df6cc380e7b71125edc2401527a32d87c4b1”, Santiago Siri told different media.

He regrets that many people regard the registration as “eccentric”, but said that his wife supported the initiative, which in his opinion, will bring excellent benefits for the baby’s future.

“Those close to me already know how passionate I am about blockchain and civic technologies in general. My family probably thinks I’m a bit crazy, but when I consulted Pia to do this she gave me her full support. She’s also a firm believer in the revolutionary implications that this new wave of the Internet can have for generations to come,” he said.

Finally he says his daughter is a citizen of Earth.

“It is a powerful statement that declares her a citizen of Earth. Decentralized networks open the way to personal sovereignty,” said the computer scientist, who has been based in the United States for some years.

Read more on: www.morisberacha.com