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Showing posts with label technology development. Show all posts
Showing posts with label technology development. Show all posts
Coinbase, the Digital Currency Exchange has gone on record to state that it shall now add Zcash to its listings thereby enabling transfers of Zcash or ZEC on its platform Coinbase Pro. This transfer of Zcash on Coinbase is limited to the Coinbase Pro Users at present whilst there are plans to open its use to the other users in future.


As a result of this, Zcash, which is another of the cryptocurrencies in the market will be trading in Australia, Canada, the European Union, the United Kingdom, the United States apart from NY and Singapore.

Why Zcash on Coinbase Pro?

Zcash, as most of you might know is a cryptocurrency and it is one of those few currencies that focuses on providing improvised privacy to its users. To ensure that this turns out to be a reality, Zcash puts in to use cryptography! Another benefit that users get at Zcash is ‘efficient, safe and private digital transactions’ with Zcash by your side.


Moreover, there is an option of having differentiation of shielded as well as transparent transactions similar to that of encrypted HTTPS and unencrypted HTTP! And as the words describe, transparent or not crypted version will allow access to third party for seeing metadata. While for encrypted or the shielded version, this is not the case and data remains protected.

Deposits from Transparent and Shielded Addresses but Withdrawals for Few

Yes, at the beginning Coinbase is not going to go full fledged when it came to depositing or withdrawing at Coinbase Pro for Zcash. An individual would be able to deposit from either transparent or the shielded address however this case changes when it comes to withdrawals.
Withdrawals are going to be permitted only to transparent or unencrypted addressees only for time being. In future, situation may change as and when local laws of a state would allow. For this to turn a reality, it shall certainly take some more time.

ZEC Launch and its Stages under Trading Rules of Coinbase

Starting from 10 am PT, that is 29th November, customers can transfer ZEC to Coinbase Pro Accounts. Order books shall become in transfer only mode for a minimum of 12 hours.
In next stage, customers will be permitted to post ‘limit orders’ and have no match; with these order books being in ‘post only mode’ for about a minute.


It will be only at Stage 3 that limit orders will begin matching while customers would not be in a position to submit these market orders. Whole set up for stage 3 shall last for about 10 minutes.
In the final stage, also known as ‘full trading’, options such as limit, market or even stop orders will be available for use.

(Note: ZEC at the moment is not available on Coinbase.com or its Mobile Applications.)
In case you wish to start trading then you have to sign up for the Coinbase Pro account, as Coinbase is aiming to include trading of many assets over a period of time.
Bitcoin ETF or the Bitcoin Exchange Traded Fund came very close to the approval of United States Securities and Exchange Commission! However, this can be possible only when there is better ‘market surveillance as well as custody for the Cryptocurrency’ and for this to happen it might take some more time.


Well, it comes to a little surprise after Chairman of U. S. SEC, Jay Clayton announced about giving a nod to Bitcoin ETF (exchange traded fund). Till date SEC has denied access to numerous ETF applications, because the committee understands that they are still not up to date when it comes to ‘investor protection’.

First Bitcoin Exchange Traded Fund

If everything falls in place then Bitcoin Exchange Traded Fund is going to be first of its kind in this league! It was at the Consensus Invest Conference in Manhattan that Jay Clayton specifically announced about its plan to release first Bitcoin ETF however, this can be done only after careful consideration of how things work out post complete quality check.


‘Manipulation’ is one of the major concerns that Clayton stressed on and he said that most of the Cryptocurrency exchanges are not equipped with similar monitoring tools which usually is there with stock exchanges. This would further lead to not getting to know exact price of Bitcoin, it may also harm interests of the investors.

On the other hand, if we take a note of exchange traded funds then they end up keeping a track of index or a group of assets. Earlier as well, SEC did not approve Exchange Traded Funds brought up by Winklevoss Brothers. Reasons behind this was a simple fact that there were many risks involved overall and US SEC could not take up such ETFs to a larger interface.

Custody or Storage Matters in case of ETF

Of course, storage or the custody is another of the major concerns that we are facing nowadays and hence even U. S. Securities and Exchange Commission Chairman, Jay Clayton mentioned this about safe storage of assets.

When we look at the price of Bitcoin, then we know that its price is already not stable therefore, this stands to be one of the hurdles that has to be addressed at the earliest before taking things to the next level.


Out there, a number of ‘custody solutions’ related to cryptocurrencies are there or are in the pipeline. It is now to see how these set of solutions come forth to assist Cryptocurrency custody apart from handling trade execution for ‘institutional investors’. To ensure that end results are perfect, Clayton went on to add that a lot more improvement in custody solutions shall be helpful!

Would US SEC decision affect Bitcoin Pricing?

This is one of the major questions arising in crypto discussions. As most of us are aware of how volatile Bitcoin has turned itself in to. However, experts would not be able to say currently as to what would this decision of SEC bring in for Bitcoins!
Authorities seemed to have taken a liking of sorts towards unauthorized crypto companies in a way that they started to terminate operations of these unlicensed crypto firms.

To begin with, CONSOB or the Commissione Nazionale per le Societa e la Borsa is a Government Authority in Italy, which keeps track of Italian Securities Market. It was this: Italian Companies and Exchange Commission that was responsible for discontinuation of some crypto businesses in the state of Italy.


Crypto Business of 3 Companies come to a Stand Still

Companies whose operations have been detested are all related to cryptos in one way or the other hence it was time for someone to take a note of deeds carried out by them before taking a final decision.

Companies such as Richmond Investing, Finatex Ltd. and CryptoForce have violated rules laid down by authorities and hence CONSOB decided to correct their wrongs.

11)  Richmond Investing is a trading platform which did not go on to register under ‘financial intermediary’ thereby breaking the law governing the Italian Financial Markets known as ‘Consolidated Law on Finance’.

22)  In a similar incident, German based Financial Regulatory Organization, BaFin took action against the authorities of Finatex Ltd. This company is based in the U. K. apart from having ties in crypto world. As per the statements released by the authority in charge, Finatex Ltd. worked without following any of the rules laid down by the German Financial Legislation.

      Moreover, this is inclusive of the German Banking Act, so, it became a necessity for the officials to set right companies who opposed to the system to be followed.
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  3) Third in the list is CryptoForce and its crypto coin (read currency) named ‘Crypton’ had to be sacked according to the new laws put forth by the authorities from the E. U. Ministry.
      
      For the uninitiated, CryptoForce is a company dealing for the most part in ‘PoS or Proof of Stake Mining’; it is also responsible for promoting its (own) Cryptocurrency that goes by the name: Crypton.
      
       Advertisement of CryptoForce was carried out by Brizzi on social networking site Facebook whereas on the other hand, it was Eagle Bit Trade responsible for offering ‘trading packages to the Italian Investors’!

How Did CONSOB Deal with These Crypto World Discrepancies?

Back in E. U., things have begun to fall in place with strict rules and regulations being passed around. It was also a requirement of the hour that stood out because authorities from the think tank (called Bruegel) felt careful and an in-depth examination in to the working of crypto related firms is necessary that can never be given second thoughts.

Due to this, all digital currencies came under the radar especially of their aspect on how were these digital currencies got distributed among the investors!

A Plus Point: Good News for Cryptocurrencies in Italy

It comes as a shock for some but the Government of Italy seems to have not prohibited any of the financial institutions from using cryptocurrencies, however, they have asked them to wait a little more before Formal Rules and Regulations are put up!
Hackers are all around us, some may be ethical while others unethical. However, judging every book by its cover may not be possible in today’s digital world still one has a chance to focus a little before moving ahead with any kind of online wallet.



Cryptocurrency Users, Beware

Cryptocurrency users are a worried lot when it comes to security. There are many reasons to say this and one of them is that hackers, for the most part, try to steal personal information of the users thereby rendering them with no funds at all!

A few folks reading this would also be aware of the fact that transactions related to cryptos are ‘anonymous’ hence it is next to impossible to track down culprits.

Anonymity turns out to be the easiest tool for hackers to withdraw information and password of a crypto user in no time. Secondly, many EOS based wallets have suddenly sprung up across Google Play Store, which as you might have known by now are fake.

Fake EOS Wallets to Watch Out For

These fake EOS wallets never leave an opportunity to figure out account information besides passwords that users put in to use. All of this is possible with the help of a ‘malware tool’ utilized by fake software.

Another factor to be taken a note of is that crypto transactions being anonymous have the ability to hide stolen funds forever thereby hackers leave no stone unturned to fund their accounts!
Decentralization apart from anonymity are major setbacks for organizations and authorities in particular to bring about digital currency in to a profitable business.

EOS RIO: Facts to Know

In fact, there is only one EOS based company set in Rio De Janeiro in Brazil, responsible for Block Producers. And there happens to be none other site per se. This Brazilian establishment works towards development of Blockchain based Digital Products. Moreover, it does not have any inkling with EOS wallets found on Google Play Store.

EOS RIO, does not even have any of its Block Producers application(s) on the giant Google Play Store. So, readers, ensure that you never download any random EOS app’ available on Google Play Store. In case you wish to utilize the services of EOS then you would have to go to the official website and not switch to the Play Store.

Remember, one more factor, EOS Block Producers have been given the responsibility of governing EOS Blockchain!

EOS Reports Fake EOS Wallets to Google

Due to an alert team back in EOS Community, Google took action and removed all fake EOS Wallets in no time. Indeed, the team at Google ensures that there is not even a single fake app on its Play Store.
To assist you further in this regard, we would suggest you to keep a check on reviews found for a product. In case you find numerous reviews say around 1,000 or more then most probably you may go ahead and use it else it is better to back off beforehand rather than losing out funds.
As said, precaution is better than cure.

Currencies have over the centuries changed handed and denominations while retaining its true colors that is: used purely for transactions or money given in exchange of goods. Keeping same thoughts in mind, cryptocurrencies had come into the picture but still, somewhere they lacked to create interest among people.

With time and continuous efforts from the brains behind this currency type, things have changed as many folks have tried shifting their focus from using traditional ‘set’ currencies to the cryptos.



A Shift Slowly Picking Up Speed

Cryptocurrencies have finally begun to make themselves useful in the way they were intended to. Here we are talking about one of the many incidents wherein the residents of Moscow employ cryptocurrencies to conduct transactions. It might come as a bit of surprise for some folks as till now there has been a wave of uncertainty as to how would Bitcoin rise with passing time.

Remember readers, Bitcoins are one of the cryptocurrencies and yet there are many more cryptos out there. Bitcoin is one of the cryptos that many people use for transactions apart from ethereum, ripple, litecoin etc.

Report on What Cryptocurrency Usage Survey Has to Say

A survey had been recently conducted according to which close to 5% residents of Moscow preferred non-cash methods of payments inclusive of the cryptocurrencies! To be precise, about 1,000 people carried out transactions in such non-cash modes of payment. And to ascertain this survey further, regarding age group of people using these new modes of transactions, the surveyors got to know on questioning that there was no age bracket in particular and instead, all of them belonged to different age groups.



It does make sense here: cryptocurrencies were never meant to be put into service by only one age group but rather it has to be utilized by one and all!

Forms of Payment Used

On the other hand, there are still about 96% of residents who opt for bank cards while 16% of them used e-money. This survey also threw light on other payment services that people used namely: internet banking is utilized by about 32% of residents whereas some of them constituting about 40% of the population had switched to numerous mobile bank applications.
Hence, as you notice, people switch from one to another application (currency) in some time only. Therefore, it was about time for Cryptocurrency to make a mark for itself clearing the air that yes, it was time ripe for it to make a real entry in the real world out there.

Are People Ready to use Cryptocurrencies?

Curiosity arises whenever this question is asked - are people actually ready to use cryptocurrencies? Well, if looked at the above results from a survey conducted on residents of Moscow then we can very well say, about 5% of residents shall definitely give a try to Cryptocurrency as yet another ground-breaking payment method!


Quantum Physics has been studied over the years while being applied in varied cases. In case you have forgotten, Quantum Physics is a branch of science based on quantum theory where particles can be in two different states at any given point of time.



Bringing this concept to the fore, Quantum Computers tried pitching in efficiency as a resource, (stated to be turned in to an asset soon). Thus, building quantum computers efficient in calculations that classic computer did not possess.

Newbie in Business

Of course, you read it correctly this is what is going to be the future of quantum computing where one sees collaboration of both cryptography and artificial intelligence.

Quantum, the word itself gives out a lot on what exactly goes on with this set of computing. You may be surprised to a certain extent to know that in such a computing, precise wavelengths besides lasers (accurate ones) are put in to use.

Humble Beginnings

Started from a small note, today, quantum, artificial intelligence, cryptography among other similar things have gone on to become key notes of a system. Transistors to a chip, integration was very well done with chip consisting of numerous transistors.

What if we told you that the next thing in line does not have transistors at all! What would you have to say then? Well, then tighten your seat belts because this is the time to welcome a ‘small chamber’, a chamber that is going to control processes. In other words, a chip minus those transistors!



These chips or rather Quantum Computing shall introduce the next game of computing world in form of power packed ‘qubits’ rather than bytes.

All of this can happen through a process ‘entanglement’ and it is only when ultra precise lasers come together on chips to have about 5 qubits installed on them. With over 30 years of background work, Quantum seems to have taken over Computing Department as well.

Companies such as IBM or even Google have been exploring different methods to bring to fore this kind of technology, naming it as ‘superconducting’. In this process, real atoms are trapped and later on cooled.

Quite a distinct approach, yes, however, with everything falling in to place, you could be surprised to know that when aspects are streamlined then it is obvious: nothing can be wrong. Agreed that there might be a delay but story ends there.

Many players have set foot on such a kind of computing as some of them have already witnessed how quantum works its way for turning a structure into a systematic one. In future, there are also chances that these ‘Quitbit Chips’ shall make their way up to phones or other devices; taking them to the next level of smartness plus endurance.



To ensure this happens, it would take another decade or so in order to have cryptography in place and begin work on emerging technique of the century. Such a technique requires encryption algorithms and this brings us to cryptologists… who are already putting in their brains for quantum proof set of algorithms.

Yet to see changing world and usage of Artificial Intelligence, Cryptography and Quantum Physics; oh! Should I say Quantum Computing!