Welcome to the Daily Cryptocurrency News Roundup 6th Nov, 2017 edition.
Find the most important news of the day in brief with insights. Moreover, subscribe us to stay informed.
#1 TheMerkle – Anybits Launches Real-time Crypto Exchange
- Users can freely trade between many different virtual cryptocurrencies and digital funds.
- Anybits is managed by established and reputable crypto-to-fiat exchange, Bitsane.com.
- Users can also enroll in an affiliate program that offers them up to 50% referral commission.
- When the platform fully launches it will also offer margin trading and portfolio diversifying investment options for more experienced traders and investors.
- Anybits offers free trading with no transaction fees till the end of Year 2017. To take advantage of this offer, use the following promotion code at the time of registration: H9F27D1V
- Learn more about Anybits at – https://anybits.com
#2 CryptocoinsNews – Bitcoin Bull Raises Bitcoin Price Target to $11,000
- Bitcoin bull Ronnie Moas has raised his 2018 bitcoin price target to $11,000.
- Moas, a respected market analyst at Standpoint Research, believes that recent announcements such as the introduction of bitcoin futures contracts by derivatives exchange operator CME Group will accelerate the pace of global bitcoin adoption ahead of his already-bullish target.
#3 TheMerkle – Malicious Text Msg Can Hijack Phones to Mine Cryptocurrency
- In Australia, cybercriminals are purposefully targeting mobile users in connection with a cryptocurrency scam. By sending a text message claiming the recipient has received 3 Bitcoins, users are asked to click on a link.
- Once they do so, their mobile phone will be infected with cryptocurrency mining malware. This results in overheating, battery drainage and general instability of the mobile device itself – not a fun situation for victims of this new attack vector, that much is certain.
#4 EthereumWorldNews – BitcoinCash Completes First Atomic Swap
- Atomic swaps are promises being made able by these contracts between two currency holders that an exchange will happen for the same value of currency at a given time. If the time limit expires, the contract would not be completed and the funds would be returned to both parties.
- It is not very clear how the bitcoin network will be able to handle atomic swaps during times of high traffic and congestions between transactions. Allowing decentralized exchanges between different cryptocurrencies, the feature will be helpful to many in the near future.
#5 TheMerkle – What Is Binary-Chain?
- Binary-Chain is a dual blockchain protocol pairing a digital currency with a digital reserve.This hybrid solution will benefit from faster transactions, additional security, and fewer scaling issues.
- The technology is currently utilized by VeriCoin and Verium, although it is possible we may see other altcoins embrace something similar in the future.
- It will be interesting to see how this new protocol plays out in the long run.
#6 Bitcoin.com – Three of the Biggest Scamcoins
- Bitconnect, Onecoin, Bitpetite.
- The commonality here is grand promises, fast returns, guarantees. Learn from all three. Their lies, exposed, point to greater truths. Nothing of their promises exist in the real world, and the sooner we learn that lesson the better we will all be.
#7 Bitcoin.com – A Simple Guide to What Bitcoin Forks Are
- Hard fork: a hard fork is protocol change that is not backward compatible and is a permanent diversion from the original blockchain’s rules.
- Soft Fork: a soft fork is a protocol change that is backward compatible which means the changes will be interoperable with the original blockchain’s rules.
- Consensus: when everyone or a vast majority of the cryptocurrency’s network participants unanimously agree and implement the new rules.
- Scaling Debate: the scaling debate is a discussion or argument concerning the number of transactions the blockchain can handle. In 2010 Satoshi Nakamoto implemented a 1 MB block size limit, which capped the amount of transactions a block can hold. Since Nakamoto hard-coded this change, the bitcoin network has seen an increase in users the debate has caused quarreling which has led to forks.
- Bitcoin Cash: the digital asset bitcoin cash and it’s network is the result of a hard fork that took place on August 1. The bitcoin cash protocol has removed Segwit and replace-by-fee as well as increased the block size from 1 MB to 8 MB.
- Segwit2x: the Segwit2x hard fork scheduled for on or around November 16 is the second part of the New York Agreement (NYA). The first part of the NYA compromise pushed the implementation of Segregated Witness this past August.
Disclaimer: This is not “investment advice.” Coin Frog does not bear any kind of liability. Moreover, always do your due diligence and form your own opinions.