Antony Koroid

The Top Coins are Turning to Growth

By Wednesday, the crypto market drop that began at the end of last week significantly slowed. Almost all of the top 20 crypto demonstrate positive dynamics at the moment
The Top Coins are Turning to Growth

On its weekly chart, Bitcoin (BTC) lost more than 21%. On Tuesday, the losses were more than 15%, but in the same evening the coin won back 3.12%, trading at $4,552 at the time of writing.

The second cryptocurrency by market capitalization volume, Ripple (XRP), increased by 0.8% per day and is trading at $0.4436. Ethereum (ETH) has reached its bottom at $126.30 but has grown by 2.19% in the last day and is trading at $135.05 now.

Bitcoin Cash (BCH) showed the highest loss of value: in one week, it fell by more than 40%. During Tuesday, the coin showed a modest growth of 2.67%, trading at $232.29.

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Among the top 20 cryptocurrencies, only Zcash (XEC) and Tezos (XTZ) demonstrate negative dynamics, which may indicate the changing of the market situation.

Analysts give cautious forecasts — if Bitcoin gets over an important psychological mark of $5000, the market recovery will continue.

At the same time, according to Chainalysis experts, along with a decrease in volume of BTC commercial use, the main coin's volatility indicator is still at the minimum.

The total market capitalization of all cryptocurrencies is about $148.5 bln, while its weekly maximum was about $189 bln on November, 15. The number of cryptocurrencies listed on CoinMarketCap has decreased to 2,071, while the crypto market daily trading volume is nearly $18 bln.

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Wikicoin Alex Morris

Best and Cheapest Way to Buy Bitcoin in 2018

📚 Wikicoin
The article takes a closer look at the cheapest and the most convenient ways to buy Bitcoin in 2018
Best and Cheapest Way to Buy Bitcoin in 2018
Contents

There are plenty of ways of how you can buy Bitcoin. Some of these methods are definitely cheaper than others, so the purpose of this article is to find out the most cost-effective solution for purchasing Bitcoin and other cryptocurrencies. Mainly, the article will be devoted to reviewing the fees charged by different exchanges, but we will also pay attention to the convenience of every individual method and risk-factors that are associated with it.  

No-go area

First of all, we are going to mention some means of purchasing cryptocurrencies that are generally considered to be widely expensive. Bitcoin ATMs, while having plenty of advantages such as high transaction speed, anonymity and liquidity, are very pricey. The exact percent of fees for every transaction depends on a specific ATM network, but an average Bitcoin vending machine will charge you about seven percent. Such a relatively big cost is attributed to the fact that businesses have to spend money on hardware and installation. Therefore, the consensus is that Bitcoin ATMs may come in handy if you want to instantly exchange a small amount of BTC to cash, but, otherwise, it was far from the cheapest way to buy Bitcoin in 2017. With ATM networks swiftly expanding in 2018, the fees are expected to be lowered, but we will see if that’s the case.   

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Setting priorities straight

While recommending the cheapest way to buy Bitcoin, it is important to take into account the needs of every individual buyer. Inexperienced traders who only make their baby steps into the world of crypto will be looking for a beginner-friendly platform that simplifies buying cryptocurrencies to the utmost extent.

Meanwhile, some reputed exchanges emphasize security but charge higher fees. Again, it comes down to your own priorities– whether you would be willing to deal with a less trusted and respectful platform in return for lower fees.

Some individuals may not be willing to disclose their identity while doing crypto-related transactions. South Korea and other major cryptocurrency hubs prohibit anonymous trading due to AML and KYC regulations, but there are still some services that heavily rely on Bitcoin’s anonymity. Coinmama is the best way to buy Bitcoin with credit card completely anonymously.

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The cheapest Bitcoin seller

What is the best way to buy Bitcoin? Picking the best Bitcoin seller is not an easy feat. In order to make it simpler, pay special attention to the factors mentioned below.

  1. The correlation between the asking price and the current BTC/USD exchange rate (or your local currency). In order to find out the average market price, check out the Bitcoin Price Index (BPI).

  2. Whether there are fixed-rate fees or percentage-based fees (it usually depends on a payment method of your choice).

  3. Digital assets deposit minimums.

Coinbase vs. Kraken: lower fees?

Coinbase and Kraken are the two leading American exchanges, which enjoy a high standing in the crypto industry. While both of them have their pros and cons, we will only focus on their fees.

Type of payment

Kraken Fee

Coinbase Fee

SEPA  

free

free

US wire transfer  

$5

1.49%

Credit card  

-

3.99%

PayPal

 

3.99%

As you can see, European customers can enjoy the privilege of depositing/withdrawing money for free, but a SEPA transfer takes about a couple of days, so for faster transactions consider using a credit card. The Coinbase exchange is the best way to buy Bitcoin with a debit card.

Those who are looking for the cheapest fees out there may also take a look at Coinbase Pro. Coinbase Pro (formerly known as GDAX) offers much lower fees compared to Coinbase. In fact, there are no fees for depositing or withdrawing funds, but Coinbase Pro still charges customers with minor trading fees that vary from 0.1-0.3 percent. It is worth mentioning that one can use his already created Coinbase account in order to purchase Bitcoin on Coinbase Pro.

Coinbase Pro

All in all, Coinbase offers the lowest fees on the market, but is it enough in the post-Robinhood era? Robinhood Crypto is a brand-new service that allows purchasing Bitcoin for free (you only have to pay a minuscule SEC fee). Moreover, Uber and E*Trade vets have recently launched another no-fee exchange Voyager that is expected to become Robinhood’s major competitor in the nearest future. While Robinhood is undoubtedly one of the hottest startups of 2018 (its current value surpasses $5.6 bln), its the lack of coin transfers raises serious security concerns.

Buying Bitcoin P2P

Some Bitcoin enthusiasts may be dissatisfied by the prospect of paying fees to a third party when the decentralized Bitcoin network is supposed to eliminate them. There are indeed some P2P exchanges where users are allowed to perform transactions cutting out a middleman.

The likes of LocalBitcoins or Wall of Coins only charge sellers (one percent for each deal) while those who want to purchase Bitcoin do not have to pay anything. Hence, it’s one of the cheapest ways to buy Bitcoin with a credit card.

Buying Bitcoin P2P

However, LocalBitcoins has been already banned in several countries (including Russia). These services do not require identity verification. You have to use LocalBitcoins at your own risk, since there are many scams that require extreme cautiousness.

Buying Bitcoin outside the US

If you a US resident, you might want to explore different international exchanges to save up some money. As a prominent crypto investor Brian Kelly suggests, the Bitcoin price may be drastically different on American and Asian exchanges when markets suddenly turn bearish or bullish. Usually, the price gap is about two or three percent, but it may reach even 10 percent during extremely high market volatility.

However, it is not that easy to take advantage of crypto arbitrage opportunities for an ordinary trader: it is a very difficult task to withdraw money from some Asian countries. For example, in South Korea, one can witness a whopping 30 percent spread, but non-Korean citizens are prohibited to operate on Kakao-owned Upbit, the country’s biggest cryptocurrency exchange.

Buying Bitcoin outside the US

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The bottom line

As you might have guessed, cheap doesn’t necessarily mean good when it comes to purchasing Bitcoin. It is rather advisable to prioritize safety, since the ‘wild’ crypto market is full of fraudsters who want to take advantage of gullible investors. If to name the best way to buy Bitcoin in 2018, it would probably be Coinbase Pro: it combines almost flawless reputation with very low fees. For additional information, read about the best way to buy Bitcoin on Reddit.

Wikicoin
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🤷 Opinions Darryn Pollock

Fashion Designer Sets Up Auction For Shirts Paying Homage to Vitalik Buterin

Opinions
Ukrainian Fashion designer, Anna K, has set up a cryptocurrency auction where the prize is a tee-shirt sporting the phrase: ‘Vitalik is my Sputnik’
Fashion Designer Sets Up Auction For Shirts Paying Homage to Vitalik Buterin
Contents

Anna K, a fashion designer at the age of only 22, is showing her appreciation for cryptocurrency, and in particular Ethereum. The Ukrainian designer is holding an open auction where anyone can bid for one of her 10 unique Buterin shirts.

The shirts say: “Vitalik is my Sputnik No I am not giving away ETH," in reference to Ethereum founder, Vitalik Buterin, and each bears a unique number and will feature a customized inscription of the winner's name. In total, 10 T-shirts numbered from 01 to 10 will be released.

One for Vitalik

K is a famed ‘Generation Z’ advocate, and obviously keenly interested in cryptocurrencies and the new world order they promise. She will be releasing an additional two T-shirts, one for Vitalik Buterin and herself.

The designer will present Buterin with his T-shirt at the ​Forbes​ magazine ‘30 Under 30’ summit in Tel Aviv, Israel in May. K made the ​Forbes​ ‘30 Under 30’ in 2017 in two categories (Youngest, and The Arts), and Buterin was listed in 2018 in the Finance category.

Anna K. will present Buterin with his T-shirt at the ​Forbes​ summit in Tel Aviv

Changing systems

As part of her deeper message in fashion, K admits that she sees fashion as a way to merge old and new, and sees similar qualities in things like Ethereum.

"I want to change the existing fashion system. Fashion in its purest form is a medium for dialogue between the young, creative and talented; however, now the industry is based on old capital and historic brands.”

“I am convinced fashion should correspond to the current lifestyle of my generation Z: crypto is now cooler than a skateboard! Vitalik Buterin and his project Ethereum inspires me; it's a revolution! That's why I decided to create a unique and limited collection dedicated to Vitalik and will present it at auction for ETH,” Anna K says.

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10 rounds

The auction will be held in 10 rounds, one round - one T-shirt. The first round of the auction will start on April 17 with the T-shirt bearing the number ‘10,’ the starting price for this T-shirt will be set at 0.1 ETH and the auction will last a day.

The final shirt will have an opening price of one ETH.

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Thomas Hughes

Ethereum’s Story of “What If”

About a year ago, Ethereum was trading at $1,300 - $1,400, and today it hit a low of $121
Ethereum’s Story of “What If”

About a year ago, Ethereum was trading at $1,300 - $1,400, and today it hit a low of $121. It also lost second place in the market cap race to Ripple’s XRP, and it seems the overall negative sentiment surrounding cryptocurrencies is hitting ETH worse than initially believed.

Charts at a Glance — ETH/USD

Charts at a Glance — ETH/USD

With a 36% drop over the last 7 days, ETH/USD is one of the worst performers among the top ten cryptocurrencies. The chart looks very similar to BTC/USD (big drop, followed by stagnation and another drop) and the bottom is nowhere in sight, so we can only speculate that $100 is the next major support.

The pair traded at $100 in May 2017, which is a relatively long time ago, so it’s fair to say the level is no longer a technical support but rather a psychological one (technical levels suffer “degradation” and lose importance if they are not touched in a long while). Currently, nothing supports a bullish view, other than the extreme oversold condition of the RSI.

Support zone: 120 (recent low) followed by 100 (psychological level)

Resistance zone: 150

Most likely scenario: drop through current support to reach 100

Alternate scenario: sideways, choppy movement at current levels, with small upside movement

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Crypto Gags Heewon Jang

Blockchain Is In The Air !! ❤

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🕵️‍ ICO Watch Eric Eissler

Basic Attention Token Fails to Get Full Attention: Past-ICO Review

👁 ICO Watch
Basic Attention Token garners just that, basic attention as it fails to follow through on technological developments
Basic Attention Token Fails to Get Full Attention: Past-ICO Review
Contents

May I have your attention, please! That worked, didn’t it? Are you still reading? Good. Then you might want to hear a bit more about how Basic Attention Token (BAT) would like to disrupt the traditional advertising market.

However, has not nearly captured, forgive the pun, it’s just too easy, the attention of the market to do so. Before we get into the technical aspects, let’s have a look at the books. Now, this next section should have your full attention, because it is about money.

!Attention! Financials

BAT had its ICO on May 31, 2017 which lasted for one day brought in $36 mln in funding. The must have gotten some people’s attention to raise that kind of money.

The token debuted at $0.36 and one year later is at $0.28 a loss of 22 percent, ouch! It seems it lost almost a quarter of the initial attention it had received; the excitement dwindles away.

BAT has one bln tokens in circulation with a maximum of 1.5 bln, and there is 500 mln currently uncirculated. It is also an ERC20 token based on the Ethereum Blockchain. It is ranked 58 by Coinmarketcap.    

At this point, 25 percent of you stop reading

But I hope you will continue as I hope this next bit gets your attention, it sure did for the middlemen that are to be cut out of the advertising cycle of BAT gets its way.

It won’t, however, so don’t worry. What it would like to do is create an ecosystem on the Internet where users and publishers can reward each other for either looking at advertising or supporting quality content.

The system is essentially three parties: advertisers, publishers, and users who can directly affect each other based on advertising or content.

Users can block ads or they could get paid in BAT to view ads by publishers or advertisers. In turn, the users could reward the publishers with BAT for quality content.

According to the website: “Digital advertising is overrun by middlemen, trackers and frauds.” The site goes on to list why the publishing industry is dying with the following points.  

  • Google and Facebook take 73 percent of all ad dollars and 99 percent of all growth.

  • Revenue is recently down 66 percent.

  • Bots inflicted $7.2 bln in fraud last year.

  • Over 600 mln phones and desktops run ad-blocking.

  • Publishers cannot seamlessly monetize value-added services.

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They have some points, but they have some flaws

Sure, publishers suffer a lot in the wake of the digitization and automation of their trade, but creating a limited ecosystem, where users have the option to block out all the ads is not going to help.

Even still rewarding them with tokens is not going to be the answer either. If getting likes on Facebook and Instagram is hard, imagine how much harder it is going to be if you want someone to pay for your content or in this case give a “tip” for great content.

In reality, it is just not going to be as good as it sounds on paper.

Then there are the technical problems, too. As part of the system, you need to use Brave Browser, a lot of people are not so easily swayed to switch browsers, especially if it is not one they heard of. Does anyone remember Opera? I used it for about a week before going back to Chrome. If they want to succeed, then they need to be able to operate plugins.

You had my attention at… but lost it quickly thereafter

It is a really well-meaning idea, but it only works on paper, sadly. I think we are going to see BAT fall into competition with other coins that do similar things and other advanced ad blockers out there that block ads, delete cookies and, and keep prying eyes out of your browser.

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