Gustavo Fonseca
Cryptocurrency has exploded into market-space with its anonymous ledgers and instant transactions. Initially, there was only Bitcoin, the first cryptocurrency; today, you can find a wide range of currencies with various features and strong security and cryptographic measures. One of the main components of using cryptocurrency is the use of cryptocurrency wallets.
Cryptocurrencies work on the principle of the blockchain. Interacting with the blockchain requires the holder of crypto cash to have a set of public and private keys that allow the user to make and receive payments securely. Cryptocurrency wallets allow users to send and receive money and are a prerequisite in crypto cash transactions.
How does a cryptocurrency wallet work?
Unlike traditional wallets, a cryptocurrency wallet does not store money. In the world of cryptocurrency transactions, the money is not physically stored, and the currencies are not stored in any particular locations. Rather, the system is based on the maintenance of accurate records in a publicly maintained ledger. These records are stored in the blockchain and require a set of public and private keys for interaction with the user. These keys are present with the user.
So, these wallets are basically software tools which store the public and private key for the users. It also contains the necessary interface that the users can utilize to interact with blockchain and participate in transactions. They can monitor their balance, check payment records, and conduct other currency management tasks using their wallets. When a person has to receive cryptocurrency on their wallet, the sender signs off on the transfer on the receiver’s wallet address. In order to store and use the money that has been received, the private key of the receiver must match the public key of the crypto cash that has been transferred. Once the public and private keys match, a record of the received money is stored in your wallet. Since crypto is not physical cash, all that is stored are records of these various payments and transactions which calculates the net cryptocurrency someone possesses.
There are many kinds of wallets which are accessible from a number of platforms such as desktop, smartphones, and so on; there are even USB based-hardware wallets. Hardware wallets have grown in popularity due to their superior security measures and easy portability. These USB-based wallets are compatible with a number of web interfaces, and all the data and transaction records are stored offline in the device.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
Escrow services, or simply an escrow, is a secured and controlled way of storing financial assets and conducting transactions with them. Escrow is a legal device that is governed by a third-party not participating in the transaction. Using an escrow establishes a third-party moderator for the transactions. The funds or assets are held by the escrow and is released to the other party only after the payer has received the purchased service. This is a sure-shot way of ensuring that commitments tied to such transactions are fulfilled. This service has proven to be of immense importance and benefit in the cryptocurrency market.
Cryptocurrencies work on anonymous ledgers that are publicly maintained. Since there is only an exchange of keys and update of data without any kind of further interaction or binding agreement, it makes sense to use an escrow service. What if someone pays for a service via crypto only to have never received the service after the payment? Anonymity will make it incredibly difficult to track the service provider. Having an escrow service in this situation can solve this problem and establish mutual trust between the participating parties.
The payer can choose to put up the funds on the escrow service. The funds will be released only after the service provider delivers the service. Both developments in mathematics and finance have proven the effective nature of escrow services. A lot of secure algorithms have been developed to keep escrows safe.
The only reason escrow is not hugely popular is due to the complexities involved in using and learning it. The models used for escrow are complicated and have to be for security reasons. Added to this, incorrect implementation of escrow can be capital intensive and will be a costly mistake.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
The cryptocurrency market saw a major sell-off season during the last ten days. There is a range of reasons regarding the slump in the market, and this has affected opinions very strongly. Since the value of Bitcoin and other cryptocurrencies have fallen to disastrous levels, there is palpable panic in the market.
According to experts, there are a lot of factors that have gone into this 10-day slump. There are numerous socioeconomic factors that have to be considered while analyzing the negative events- one of the most important ones being the sentiments of the investors regarding the traditional and cryptocurrency markets.
Experts argue that the sentiments of the market were affected by the recent Bitcoin-cash fork which built-up to the hash rate war. This introduced significant uncertainties in the cryptocurrency market. This has resulted in traditional investors pulling their money out of the cryptocurrency market in order to avoid risks and uncertainties. The significant split in Bitcoin Cash occurred on 15th November which resulted in competing chains known as Bitcoin ABC and Bitcoin SV. This has caused a major reduction in value of BCH as well as all other cryptocurrencies in the market.
The mounting regulatory pressures have also played a significant role in guiding the market sentiments in a difficult direction. The SEC decided to implement levies on the first couple Initial Coin Offerings which, in reality, were securities offerings. Added to this, the investigation into the controversially stable coin known as Tether has misguided market sentiments even further. The global pressures have also been quite high ever since the badly implemented Brexit, and which led to the tightening of policies in banks and declining market liquidity.
These, however, in no way imply that bitcoin is faulty. As the experts call it, this is just a “flash crash.”
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
The Gibraltar Blockchain Exchange (GBX) has managed to secure a license from the GFSC or the Gibraltar Financial Services Commission. Gibraltar made announcements about its Blockchain exchange platform when the country’s stock exchange established GBX in July this year. The aim of the platform is to “become the world’s first nationally regulated digital asset marketplace and ecosystem.”
GBX began its full operations as of 21st November when it became the country’s fully licensed provider of the Distributed Ledger Technology and is regulated by Gibraltar Financial Services Commission. This has come as one of the most significant developments in the crypto world. There is a framework of regulations and operations of the GBX known as the Gibraltar Financial Services Regulations 2018 DLT framework. The Gibraltar Stock Exchange has thus become the world’s first blockchain-based stock exchange which conducts regulated blockchain exchange.
Operations of the GBX
As of today, there are six digital assets that are supported by the GBX- Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, and the country’s own Rock Token (RKT). Apart from this, USD has been added with plans to add more fiat currencies in the future. The GBX is open to the public and saw more than 300 participants in July.
Gibraltar has become world-famous for trying to establish a blockchain economy and safe space for cryptocurrencies. The government and stock exchange are coming together to draft a law that will restrict the initial coin offerings in the British territories. One of the main features of this law is the establishment of authorized sponsors who are going to be responsible for taking care of financial crime rules and maintaining compliance and ethics in all transactions. By March, way ahead of its release, GBX had attracted 200 initial coin offerings.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
The London CryptoCurrency Show Saturday
DATE: Saturday, 6th April 2019
VENUE: Novotel London West, 1 Shortlands, London, W6 8DR
The London CryptoCurrency Show is an exciting one-day event and exhibition geared towards helping active investors and traders learn more about this incredible opportunity. Recent massive demand for crypto currencies such as Bitcoin has pushed prices very high over a very short space of time. This might be what’s known as a financial bubble, and prices might correct after the gold rush is over, but many in the industry believe that the underlying developments of blockchain technology (the platforms which allow cryptocurrency to operate) are here to stay.
There are numerous future applications in the business world, as well as the new opportunity for companies to raise new funds through Initial Coin Offerings (ICO’s), or ‘tokens’, providing today’s investors with a new dawn for building wealth.
Attend the London CryptoCurrency Show and gain valuable new insight and education into this area, connect with the industry insiders, market participants and learn how to profit.
Through the programme of workshops and seminars, live debates and panel sessions, and meeting and speaking with exhibitors throughout the day, you will learn:
1 – If cryptocurrency is the right investment for you or not – what are the risks and rewards?
2 – How to actually invest and trade in cryptocurrency – direct ownership and/or other options
3 – Investing in ICO’s – risks and rewards
4 – Regulation – what protection is in place?
5 – Meet new investment opportunities – meet the company founders/directors, face-to-face
6 – Where to learn more – mentor training courses, clubs, networks
The London CryptoCurrency Show covers four clear areas of this new market:
1 – Cryptocurrency Investment:
How to value a Cryptocurrency
How to buy, sell – or mine your own cryptocurrency
How to set up your own safe bank for crypto deposits
How to trade crypto pairs – analysis and strategies
2 – Blockchain & ICO Investment:
What is it, and why do companies choose this method of fundraising?
Advantages and risks for investors, like you, to be aware of
Latest ICOs coming to market and how to value
3 – Ways to Trade Crypto:
Crypto Exchanges
CFDs, ETFs, Funds and other broker instruments for taking trading positions
Crypto clubs and networks
4 – Further education, tools and service providers:
Courses and mentors
Software and charting packages and websites
Premium trading groups
Don’t miss out. Book you Early Bird free ticket (limited stocks) today.
Find out more www.londoncryptocurrencyshow.com
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
Are you looking for the best and secure cryptocurrency exchanges to kick off your crypto venture? We’ve compiled a list of some of the most reliable and secure crypto exchanges. A cryptocurrency exchange is an online platform where crypto users can exchange one crypto coin for another crypto coin (or for paper of fiat currency). There’re three types of cryptocurrency exchanges operating in the market: traditional cryptocurrency exchanges, cryptocurrency brokers and direct cryptocurrency trading platform. So, it’s important that you should do your research to see what exchange best meets your needs. There’s no point in picking the wrong exchange that can’t provide you with your desired services. If you’re having trouble finding your favorite crypto exchange, be sure to consider the following exchanges:
Binance
Binance is a very popular crypto exchange recognized for its crypto-to-crypto exchange services. Although it’s fairly new in the crypto market, it has somehow managed to attract the majority of crypto enthusiasts and investors. What makes this exchange stand out from the rest is that it offers low trading fees along with other cool features you don’t find with other exchanges. It’s a safe crypto exchange you can choose for your crypto venture.
Coinbase
Headquartered in San Francisco, CA, Coinbase is an online currency exchange that provides you with the most trusted and easiest platform to buy, sell and manage cryptocurrencies with the greatest efficiency. In addition to offering exchange services, Coinbase also serves as a wallet provider and Bitcoin broker.
Bittrex
Bittrex is best known for offering a wide range of trading pairs. It’s a crypto to crypto exchange, meaning you can’t buy digital currencies with fiat currencies on this exchange. However, you can invest with USDT, a digital currency whose value is tethered to the US dollar’s value. So, one US Dollar Tether = one USD.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
BitMax.io is an all-inclusive digital asset trading platform that offers crypto trading services to a huge range of clients, including institutional investors, professional traders, and private investors. With over 20,000 active users worldwide, the platform provides you with greatest transparency and accuracy. What makes this platform stand out from the rest is that it provides traders with everything they want, including liquidity, high-performance trading, solid security from potential attacks, easy to use interface, and stable services.
Another reason why BitMax is gaining ground among crypto traders is that it offers a one-of-a-kind feature called ‘’Trans-Fee-Mining’’ model, which not only reduces trading costs but also provides an opportunity for traders to take advantage from trading activity. The team behind Trans-Fee Mining model says they want to make crypto trading beneficial for everyone involved. Let’s find out how BitMax is getting popular in the crypto exchange and trading space.
Traditional crypto exchanges profit from trades by charging minor fees on all transactions executed on the platform. The more you execute trades the more you need to pay to the crypto exchange in the form of deductions from your sale or purchase. On the other hand, BitMax employs its all-inclusive native utility tokens called BTMX tokens, which are credited to traders trading on the exchange. These credited tokens carry a value equal to the transaction fee that would have been in traditional cryptocurrency form, so if a trader executes trades of Y amount and has to pay 0.04% of Y as trading fees, 0.04% of Y will be credited to trader’s account in the form of BitMax tokens. So in that way BTMX can’t only be created, mined and added to the network, they also can be exchanged by traders for the digital assets of their own choice on BitMax platform. This encourages traders to use BitMax platform and reduces the mining costs.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
Find more information on the fintech conferences website http://fintechconferences.com/agenda/
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
The World’s largest Blockchain Conference and Exhibition focuses on the future of enterprise technology. The event showcases two days of top-level content from leading brands, embracing and developing cutting edge blockchain technologies.
Arriving at Olympia Grand London on April 25-26, the Blockchain event is co-located with the IoT Tech Expo, AI & Big Data Expo and Cyber Security & Cloud Expo so you can explore the convergence of these technologies in one place.
The Blockchain conference agenda will present a series of expert keynotes, interactive panel discussions and solution-based case studies. All exploring the key industries that are set to be disrupted the most by this new technology, including; legal sectors, retail, financial services, healthcare, insurance, energy, music, government, real estate and more.
Blockchain tracks include; Blockchain for Enterprise, Blockchain Platforms and Strategies, Cryptocurrency and Financial Services, Developing Blockchain Applications, Blockchain for Business, Blockchain Technologies, Blockchain Workshops and Innovation & Investors Zone.
Register on the link below:
https://gateway.blockchain-expo.com/global2019/central-grid/register/
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.
Eleanor B. Stonebridge is a New York Times best-selling author renowned for her engrossing fantasy novels. With her masterful storytelling and vivid world-building, she has captivated readers worldwide and has won numerous awards in the literary sphere.
