Connect with us

Blogs

Monero Executes Hard Fork for Blocking the Big Miners

Published

on

Monero
READ LATER - DOWNLOAD THIS POST AS PDF

Monero holders have been anxiously looking forward to one event – the upcoming hard fork. The Monero hard fork was finally executed on Friday, April 6, 2018; however, the verdict is still out on the catalyst, for several reasons.

The Monero subreddit has noted that there has been quite the change in hashrate, and have offered several theories as to why this may be the case, from botnets, people being slow to update, and other factors.

Subsequently, the Monero team itself has encouraged investors to look forward to the event, which they believe will provide value that will eventually reflect in the price of the currency. Currently, many Monero holders are using the hashrate as a metric to determine adoption.

Monero, which is a coin that is focused on privacy, stealth, and untraceability, had recently been clear about protecting Cryptonight, which was designed to mine Monero on as many laptops as possible. This has led to conflict with miners, who had been using ASIC (application-specific integrated circuit) hardware to mine the currency.

It indeed has led to all sorts of debates about how Monero would be able to continue, as many highly respected people from developers to crypto-experts, over multiple social platforms, gave their opinion on precisely what Monero should do in this regard.

Regardless, it is clear that the software upgrade has already occurred, and holders can be happy about many of their first “crypto-dividend”. Core developers are urging investors to wait at least several hours to see how the hashrate is settling, before rushing to any opinions or judgments.

It should be noted that this isn’t Monero’s first hard fork by any means, but it was the software upgrade that made the entire ordeal a contentious one. The controversy over the ASICs hardware and its ability to mine has actually caused competing cryptocurrencies to rise, including the Monero Classic and Monero Original, that intend to remain ASIC-compatible.

We will be updating our subscribers as soon as we know more. For the latest on XMR, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Kevin Dooley via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite