How to Choose a Good Website for Cryptocurrency Betting

Over the last few years more and more online casinos and sportsbooks have started to support cryptocurrencies. The rise of crypto betting is mainly due to the benefits that it brings to the table – both to gambling websites as well as their customers.

If you want to choose a good website so that you can place bets and gamble using cryptocurrency, finding a good betting guide may help. In general however, there are several key areas you should look at.

Hybrid vs. Cryptocurrency-Only

The main choice that you need to make is whether you prefer a hybrid or pure-cryptocurrency website.

A hybrid website is typically a traditional bookmaker or online casino that has opted to support cryptocurrency transactions. In general their quality of service is higher, and they are more reputable – but you won’t be anonymous.

On the other hand a cryptocurrency-only website will leverage the capabilities of blockchain technology. It will keep you anonymous, provide fast transactions, and use provably fair systems. However these platforms may not be as reputable, their service is often lower, and some can be scams.

To put it simply, reputable hybrid websites are safer – but they may not have the full benefits that cryptocurrencies can provide.

Licensing and Security

If you want to safely gamble online, you need to make sure that the website you choose is licensed and secure. If the cryptocurrency betting site is regulated, the risk of fraud is significantly less.

Most reputable hybrid websites are fully licensed and have a proven track record. However the majority of cryptocurrency-only platforms are not. As a rule you should avoid unlicensed sites and steer clear of them, since it is better to be safe rather than sorry.

Other Factors

Make no mistake there are many other factors that should play a part in your decision, such as:

  • Types of cryptocurrency supported

Different sites may support different types of cryptocurrency. The most commonly-supported is Bitcoin, but others may support Ethereum, Litecoin, or Bitcoin Cash. It is up to you to choose a site that supports the type you prefer.

  • Types of games and bets

The types of games and bets offered by cryptocurrency gambling sites can vary quite a bit. Hybrid sites that are established online casinos or sportsbooks generally offer the best range, whereas cryptocurrency-only platforms may have a limited selection.

At the end of the day your goal is to ensure that the types of games and bets that you want to place are available on the website.

  • Platform quality

The quality of the platform can be judged based on its design, the time that it takes to load, and the overall convenience of using it. Generally your goal should be to check that the quality is acceptable, so that your experience on the site is good.

  • Deposit and withdrawal conditions

Almost all sites will have certain conditions for deposits and withdrawals – and you need to look closely at them. In particular you should consider the deposit and withdrawal options that are available.

Aside from that you need to scrutinize the conditions to find out if there are any red flags. Be sure to check specific limits or minimums that are required for withdrawals, and any processing fees, or pending periods.

  • Mobile-friendly

Being able to conveniently access and place bets from your mobile phone can be very useful. Nowadays the majority of betting websites are responsive and compatible with tablets as well as mobile phones – but you should check and make sure, just in case.

  • Customer support

Good customer support is essential in any online casino or sportsbook. Although you may not need it initially, knowing that you’re able to quickly get a response from customer support is important.

It is best if the website has multiple channels through which you can contact customer support, and at least one that lets you talk to them in real time – such as a live chat.

See how each of these factors may affect your decision? It would be best if you go over each one of them individually so that you can find a site that really lives up to your expectations.

Final Words

Although looking up all this information may take you a while, it is worth investing the time. The last thing that you want is to rush your decision, and end up regretting it later.

Keep in mind that with every passing day the use of cryptocurrencies continues to grow, and more and more established casinos and sportsbooks are starting to support it. On top of that new cryptocurrency-only websites are being launched too.

If you really want to find the best deals, you should watch these developments carefully – and try to take advantage of any new opportunities, bonuses or special offers that are out there.

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Can Bitcoin Replace Gold As A Universal Safe-Haven Asset?

In the formative years of Bitcoin, crypto enthusiasts had the vision of a digital monetary system that would replace fiat money. Just over a decade, the world’s pioneer cryptocurrency has posted mixed results. Even though Bitcoin is now a household name globally, it will likely not replace regular money just yet. Instead, Bitcoin has taken a new dimension as a speculative investment asset rather than just facilitating digital payments.

Bitcoin transactions are only going to get slower, and mining more difficult. These factors mean that the latter option, as an investment asset, is more tenable. Gold is the most prominent store-of-value (SOV) asset. With intrinsic value and insulation from stock market shocks, many investors keep a certain amount of Gold for diversification.

Despite the devastating bear market of 2018, Bitcoin has shown incredible resilience over the years. It is now fair to analyze various Gold Vs. Bitcoin opinions to learn how they mirror each other.

Bitcoin as a Store of Value

In the few years after Bitcoin launch, many crypto projects came along with diverse applications. Some were in Artificial intelligence, Finance, and even data management. Blockchain technology seems to have taken a life of its own, but none of these altcoins could replicate Bitcoin’s success as a store of value.

Whether it is because of the pioneer status, investor confidence or consistency, Bitcoin remains the dominant cryptocurrency. Gold has a similar status among precious metals. With a reputation going as far back as the earliest human civilizations, Gold enjoys a universal value. Central banks have Gold reserves to hedge against slides in their native currencies.

Bitcoin is similar to Gold in the following ways:

  • Scarcity– Bitcoin has a restricted supply with a maximum of 21 million bitcoin. Similarly, Gold is mined deep underground, which guarantees a perpetual scarcity. The World Gold Council estimates that the entire supply of Gold, mined and unmined, at about 240 thousand tons. This figure puts into perspective the scarcity of Bitcoin. Most Central Banks use fractional reserve banking, which can flood the economy with cheap money.
  • Decentralization– No single party controls the supply of either Gold or Bitcoin. Therefore, holding it as an asset is purely dependent on investor confidence. Accordingly, a Bitcoin holder is not worried about systemic risk from a centralized entity.

Both qualities mean that Bitcoin makes for a decent store of value. With fiat currencies, central banks can freely print money. If this process is unchecked, the result is hyperinflation. Venezuela and Zimbabwe are prime examples of such a scenario.

Both Bitcoin and Gold cannot replace national currencies. The problem of scalability is a flaw in Bitcoin’s original design. Ordinary people need a currency that is highly divisible to sustain commerce. Instead, Bitcoin has an element of scarcity and indivisibility.

In that regard Bitcoin can serve the role of an SOV to those who want to hedge against their native currencies. Crypto is indestructible as it can hold value for an extended time if its prices hold. Portability is one area where Bitcoin has an edge over Gold. Gold is a physical asset, quite heavy in large quantities. On the other hand, Bitcoin is a digital asset that can facilitate payments where possible.

Volatility as a Shortcoming

Bitcoin is historically volatile. Even though the price of Gold is not static, it is nowhere near the volatility of Bitcoin. Bitcoin can fluctuate by thousands of dollars within a week of trading.

Even in Gold rallies and bear markets, such wild swings are not typical. Gold is a safe-haven asset because its price is more or less the same for long periods. This extreme volatility means that Bitcoin cannot yet claim to be a stable asset. In this regard, Gold is still a superior SOV asset. The only scenario of Bitcoin’s volatility being positive is in a rallying Bitcoin market.

The Big Picture

Gold plays a unique role in the financial sector. The precious metal has certain characteristics that resemble how Bitcoin works. However, in their unique ways, they will continue to play specific roles for investors.

Investors who hedge on Gold are interested in stability to diversify their portfolios. Gold has a track record for this particular trait. Bitcoin will most likely not achieve this status soon. Bitcoin holders are by and large speculators who hold the asset hoping for it to appreciate eventually. This amount of speculation is what drives the volatility in Bitcoin.

Indeed, you can see an overlap in the qualities of these assets. However, provided the reasons for holding them vary, they cannot be equated fairly. Gold has the natural advantage of thousands of years’ worth of reputation and networking. In the long-term, Bitcoin has the potential to achieve this status, and play such function in the economy. Until then, Gold remains a preferable SOV asset.

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Are you still investing in S Block? It’s time to change to AI Gain

S Block Wallet brought a new wave of arbitrage in recent years. However, is this platform irreplaceable and flawless? Can the new kid in town, AI Gain surpass the mighty S Block? Below are the comparisons between these platforms, perhaps they might provide you with more investment inspiration.

  1. Similar but Different

Both AI Gain and S Block Wallet are one stop platforms for arbitrage, thus their fundamental models are similar. Despite not having a major platform and without grand advertisements, AI Gain offers diverse plans designed for investors who emphasise long-term investments and continuous profits.

  1. Identity Verification Procedure

Users only need a copy of their ID card front page to complete verification procedure for S Block Wallet. On the other hand, investors are strictly required by AI Gain to upload a copy of their ID card front and back pages with a picture of them holding their ID card front page. Such Dual Authentication provide investors another layer of security with the objective to avoid hack. Besides, successful verification will directly unlock all functions in AI Gain.

  1. Welcome Bonus

Practical execution is what matters in life, which is why AI Gain is offering a welcome bonus of $300 for new investors to testify its trading functions in real trading environment. In other words, we allow you to test the water before investing any capital in AI Gain. Having said that, such free experience cannot be found in S Block Wallet.

  1. Hourly Profit

Trading experts emphasise that investment with compound interests is the steppingstone to a greater wealth. In light of this reason, AI Gain’s Hourly Profits that are timely, accurate and detailed allow investors to gain more compound profits as compared to S Block Wallet’s Daily Total Profit. It is vital to be quick and efficient when it comes to winning the battle in the era of digital assets market.

  1. Referral Reward

AI Gain offers investors with successful invitees a reward of $30 each, a benefit which is unparalleled as compared to S Block Wallet.

  1. Long Term Investment

AI Gain introduces many long-term investment plans; The longer the investment, the higher the return. Investors may gain extra profits based on continuous investment duration. For instance, investment which is longer than 31 days will receive 1% extra bonus while those which exceed 221 days gain up to 5% extra bonus. Besides, AI Gain Booster Programme offers investors to accumulate boosters through investment capital and profit. See addition information at advantage No. 8. Such plan has not been launched in S Block Wallet.

  1. Direct Referral Profit Reward

AI Gain Referral Programme only offers rewards for investors with successful invitees. Such “One layer” mechanism is simpler than the upline-downline mechanism in S Block Wallet.

S Block Wallet’s referral profit is based on the number of team members, obtaining static income from the 1st to 15th generations. 1st generation downline offers 100% profit, while 2nd to 10th generations 10%, and 11th to 15th generations 5%. Such downline development and multi-layer profit features are controversial and considered as illegal Pyramid Scheme.


8. Level Advancement

S Block Wallet has 5 levels; it offers peer profit and community reward to investors based on their numbers and levels of direct invitees as well as the team’s performance. Such multi-layer chain profit and calculation are too complicated. That being said, AI Gain’s 6 levels are only based on investors’ capitals. As long as the capital reaches next level’s requirement, investors may accumulate more boosters to boost investment duration and achieve higher extra profit.

  1. Application Management

S Block Wallet users can only access their personal account through mobile application. Nonetheless, AI Gain not only has a mobile application, but also has information and mobile websites for investors to perform trades and view account information. Besides, our websites have synchronised exchange rate and latest news, offering investors with convenience and real-time tracking.

  1. Supported Languages

Both AI Gain and S Block Wallet support registration from countries across the globe. While the former offers 7 languages, the latter only offers 6 languages. What’s more, AI Gain also supports both Traditional and Simplified Chinese, providing global Chinese investors the utmost convenience.

It is worth mentioning that starting from a value of 1USD each, AIG coins managed to surpass the value of 3USD each in only TWO months. As the leader of this industry and sector, AI Gain will build a firm and reciprocal environment through the aim of achieving compound interests. If your investment goal is the same as ours, feel free to explore better experience via AI Gain. (link: https://www.aigain.com/index.html)

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Fair Prices for BTC Buys from Online Exchange Provider Switchere

The crypto market is oversaturated with propositions to buy crypto online, right here and right now. However, very few service providers can guarantee fair conditions and timely order delivery. But that is not the case with Switchere, a licensed and certified fiat-to-crypto exchange service provider.

Switchere offers all platform user simple and transparent user workflow and it is worth mentioning that first crypto buys can be done with no signup or verification on the website. The whole procedure of buying crypto is automated to the maximum and the buyer receives the exact amount paid for. There are no unfair pricing or extra charges, the spending limits for crypto buys are high and once fully verified, the platform user can buy crypto with no purchasing limits whatsoever.

The fastest and most efficient way to buy BTC or other crypto is with a bank card. Implemented 3D Secure authentication helps prevent fraud in online credit and debit card transactions. In summary, the online exchange can satisfy the needs of any demanding customer and it works hard on upgrading and adding new features and service extension on a regular basis.

For all interested in making extra profit from implementing marketing tools online, Switchere grants free access to its Referral Program and promotional materials (Referral Links and diverse banners for further embedding on websites, blogs, forums, etc.). It is a 2-Level program, where Referrers can increase their passive income received from attracting Referrals exponentially. All Referral Rewards are lifetime and accrued in BTC, which is very practical, and there are no restrictions as to the number of newly attracted Referrals. The greater the media appearance, the larger Referral network and net revenue will be.

About

Switchere is an up-and-coming fiat-to-crypto exchange service provider headquartered in Estonia. Irrespective of it novice status on the crypto market, it is firmly establishing itself as a reliable service provider that maintains all regulatory requirements. Its core advantages are accreditation and licensing, fast onboarding, fair pricing and high spending limits for verified platform users, intuitive user interface and frontline customer care services available 24/7.

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PaperTale blends technology with sustainability through the blockchain

Since the environment we buy our products from has become ever more global, it has become more and more difficult to keep track of where and these products are made, and if they’ve been manufactured in a way that adheres to our principles. Now, however, a new Swedish blockchain company looks set to change all that.

PaperTale is a new venture in which you’re able to trace a product from its inception using the blockchain, and it brings with it lots of new possibilities.

Let’s say you’re looking at a table, but you’re curious as to the worker’s living standards where it was made, and wish to see if they were paid a fair wage. You can scan the product with your smartphone, and check to see if the employee’s who made the table receive salaries fit for the acceptable living standards in their country.

Or perhaps you want to get verified information about the table’s supply chain and its environmental impact? Again, just scan the product with your phone and the information will be relayed to you on the screen. Using PaperTale, consumers can be much more ethical with their purchases, choosing products that benefit the workers or the environment most.

This traceability is made a reality through PaperTale by way of special protocols built on the blockchain. These enable you to see detailed facets regarding the methods and ethics used to produce the item. On top of that, through PaperTale and your smartphone, it’s possible to send tips directly to the worker who made your products, and have it verified so you can be assured your money has gone to the right people.

PaperTale has been two years in the making, and is finally ready to make its mark on the world. They already have a proof of concept, through the way of a textile company in Pakistan, where all of their new clothes are manufactured using this technology in mind. The tech isn’t limited to textiles though, with PaperTale the possibilities are almost endless.

papertale

If you’re one of the many people concerned about workers’ rights and the environment and want to ensure that what you buy is ethical and complements your principles, PaperTale is the technology that will get you where you want to be. To show your support, their crowdfunding campaign is about to go underway on Kickstarter on 13th November, where you’ll have the chance to be the first to use the new technology.

Support worker’s rights by showing your support for PaperTale.

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A Trading Revolution by 50x.com: Incredible Technology is Changing the Way We Think About Trading.

The world’s first and only cryptocurrency exchange with the Any2Any technology has successfully completed beta testing of the third version of the quantum trading core with a built-in liquidity flow that will completely change the notion of exchange trading.

Surprisingly, all modern exchanges, like hundreds of years ago, still use fixed trading pairs, which are in no way connected at the level of the trading core and the order matching system. Each orderbook only contains orders placed in a specific pair. Although hundreds of cryptocurrencies have emerged, you won’t be able to directly exchange one for another on an exchange, where prices are set by the users themselves – you will need to change it first into one of two or three “base currencies” supported by the exchange, and then transfer it to another, or use the services of exchangers, arbitrageurs, thus having to pay increased fees.

The result of three years of development by the 50x.com team was an innovative trading core based on cloud technology and quantum principles for combining orders: although the concepts of a trading pair are preserved at the user level and the interface is completely identical to a regular exchange, all orders inside the core exist in a single space and do not have a firm connection between a seller and a buyer, combining the maximum number of orders in all trading assets simultaneously.

According to the developers themselves, it is impossible to confidently predict the progress of execution after another order has been added, since any new order adds liquidity to a part of the system, thereby changing its state and topology. The same effect is observed in quantum physics, where the presence of an observer changes the results of an experiment. Users only benefit from this, as the system often finds more profitable options while executing another order.

The benefits of using the new Any2Any technology are immediately visible: one order in a trading pair immediately creates the same liquidity in all trading pairs containing this token. That is, one user can place an order to buy DASH for Bitcoins, while all others get the opportunity to sell DASH for any of the currencies listed on the exchange.

The old separated “markets” technology incessantly bumped into traditional problems that were noticeable even on national stock exchanges, i.e. a lack of liquidity in most instruments and its concentration in “blue chips”, which led to a decrease in trading opportunities. Cross-rate trading with more often observable strong movements on which one can quickly earn money, was reserved for advanced arbitrageurs boasting their own trading robots. There were also infrastructural restrictions, making it economically impossible to support a large number of orderbooks.

The 50x.com exchange offers a completely different approach to trading, where hundreds and thousands of cross-rates are available to every user right in the terminal. Thanks to the Any2Any liquidity overflow technology, you can choose any pair from the assets available on the exchange and trade in it. Whereas, orders placed, for example, in the DASH/QTUM orderbook, will automatically appear in all other DASH/* */DASH and QTUM/* */ QTUM orderbooks. And this will lead to the fact that even the most exotic orderbook will collect the entire liquidity for the coins of this trading pair.

How does it benefit trading?

The first and obvious benefit is the possibility of direct trading between coins, without paying double commissions. If you want to switch from DASH to QTUM, you simply place an order in an orderbook of DASH/QTUM. This is much faster than selling DASH first and then buying QTUM. And most importantly, you only make 1 order, and, therefore, pay the trading commission only once.

The second advantage is the ability to view orderbooks/charts in exotic pairs and, accordingly, a huge number of new trading tools, whose rates often go in wider channels than the main instruments. That means they have a greater profit potential.

The third advantage is a multiple increase in liquidity for each coin. Since the entire liquidity of the exchange is summed up across the coins, no matter what pair the orders are in, the liquidity will be available in other pairs as well. This makes manipulating rates much more difficult.

How is this possible?

The fact is that the 50x.com exchange has developed a trading core of a unique architecture that operates with entire transaction graphs, rather than with single orders. This allows you to reduce hundreds and thousands of cross-orders in different currencies within one transaction and create cross-orders.

Why is there no such thing on other exchanges?

The architecture of the Any2Any core is fundamentally different from standard trading cores and required numerous innovative solutions during its creation. Regular exchanges cannot switch to Any to Any technology without completely changing the very basis – the trading core.

Other major exchanges have also attempted to create Any2Any technology, but only one development team has managed to create a truly working product today.

You can try trading with the new technology at 50x.com now – no KYC required.

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Greta Thunberg, the new ECO strategy and AQUIX coin, what is in common?

Everyone has heard about the greenhouse effect. Some of them know that it is generally caused by the emission of CO2 (carbon dioxide) which the human activity leads to. And few people have noticed a news report made the NASA research laboratory, according to which the level of carbon dioxide in the Earth atmosphere has exceeded the mark of 400 PPM (PPM – a unit of concentration, a millionth share).  But only the scientists have been worried by this news. It is great that a simple Swedish schoolgirl Greta Thunberg was able to speak at the UN, drawing the world attention to CO2 emission by industry.

While most people wonder why winters are warm, and there are droughts and catastrophic fires in summer, destroying the hectares of Siberian forests, day by day AQUIX uses all its resources to reduce the amount of the emitted carbon dioxide and prolong life on our planet. The main idea of the company is to ensure the reproduction of physically and mentally healthy people from generation to generation, which will not be indifferent to the environmental problems, such people like Greta, taking the responsibility for the future generations, ready to help in saving and developing biocenoses in that regions where the reorganization of live infrastructure and people economic activities is needed.

 

In order to achieve the target of the company, AQUIX has created a great team working in the research center. Working since 2004, AQUIX scientists have worked out a revolutionary technology “IZON-flow”. It has taken more than $ 3,000,000 and 15 years of work to study and make calculation of this effect. This patented technology is used in all the company projects, bringing it forward among the other eco-projects. The company is based on the principle of transparency, so that the intellectual property documentation is available for the public and anyone can get acquainted with it. More than that, the results of the tests conducted by the company are also open for review.

Besides the production of household devices, at the moment AQUIX is working on the two projects: one of the inertial vacuum air filter and the second – the industrial waste recycling installation. The inertial vacuum air filters have a unique feature. The proposed technology assumes the absence of smoke emissions in any kind of production. Besides, the proposed technology allows to convert the waste gases produced by industry into a market product, providing an additional economic effect of the gas purification process. The industrial waste recycling installations use solid and liquid waste of human life as raw material. Thus, the equipment works on the cheap materials and allows to obtain synthetic hydrocarbons – base synthetic oil, diesel fuel – which are in high demand now, as well as they will be in the future.

AQUIX will invest its profit not only in further research, but also in paying dividends to people who believe in the success of the company. The system of income division in the company is absolutely different from those of the similar projects:

  1. The investor receives the official contract with LLC “AQUIX”.
  2. The investor automatically gets into the company owners list.
  3. The investor has shares of the company intellectual property.
  4. The company work is built on the blockchain system.

The use of the blockchain system will make the payment system open to anyone. At the moment, the blockchain system is being prepared. It will allow to replace the company shares with its own cryptocurrency, but the difference from the other cryptocurrencies is that AQUIX provides security for its token, ensuring payments by the established production, research center and intellectual property patents. Every year the price of such currency will grow and this growth will be based on the company finance. It should be mentioned that the company can receive a significant part of its income by granting the patent rights to other organizations, allowing them to receive money regardless of any market development scenario. The compliance with the AQUIX patent rights is monitored by the company legal department, which protects the interests of the company co-owners and prevents the illegal use of the company patents.

Due to the transparency of the project, as well as the real payments to the investors, AQUIX significantly stands out among the traditionally dishonest participants of this sphere. Such companies should be set as an example to all the Russian charity organizations with their usual scandals because of the embezzlement of funds or money laundering with casinos. Let’s follow the development of this promising eco-platform.

The official company site: https://aquix.ru/en/

Our Telegram: https://t.me/AQUIXnews

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TRON Embarks On a Journey To Build The Most Ambitious Cross-Chain Platform

Introduction to TRON

TRON has over time, spectacularly outperformed and even overtaken other older and bigger projects in the cryptocurrency industry. It is among the projects said to have the brightest futures for their communities and the cryptocurrency space at large.

The platform executes on a third-generation blockchain that’s purpose is to empower the decentralization of the web. Otherwise said, TRON focuses on utilizing its cutting-edge technology in collaboration with other emerging systems to ensure the creation of a global market that encompasses entertainment, content, and media. The key highlight is to develop a revolutionary 100% decentralized network.

Justin Sun introduces the latest features from TRON on September, 24th

The Rise of On-Chain Technology

Blockchain is arguably the most ingenious technology discoveries of the 21st century. Many have referred to it as the new age of the internet as well as the 21st-century unicorn. Besides, its basic function of storing and distributing immutable digital information, Blockchain has developed to new horizons including interoperability and scalability.

Cross-chain technology is the most recent advancement made to expand the capabilities of this breathtaking development (the blockchain). On the other hand, decentralization according to Mina Down “refers to a structure where one or a small number of entities control an entire network.”

While blockchain promises to solve most of the challenges faced by businesses and organizations over the internet, it is also grappling with certain challenges. The most prominent one being “interoperability.” In other words, the current blockchains fail in communication with each other which limits data sharing. The other significant challenge is scalability where blockchains are limited in the number of transactions per second supported.

Both scalability and interoperability integration face almost similar challenges, but a solution has been developed to address the limited transactions and interaction between different blockchains. This technology is referred to as “cross-chain.” Interoperability is achieved by enabling different blockchains to interact with each other and work as a single unit chain. In terms of enhancing scalability, cross-chain technology can put together the throughputs of the connected blockchains.

Existing Cross-Chain Platforms

The most significant platform working on achieving blockchain interoperability is EVEN. Its website describes it as the “the future of web 3.0” and “cross-chain development platform.” EVEN already supports transactions in different cryptos as well as executes smart contracts on other platforms. The main purpose of EVEN is to integrate external blockchains on a single platform.

Other platforms working towards cross-chain adoption are NEO and Ontology who entered into a partnership earlier this year, Komodo platform, and Polkadot.

TRON: A New Player in Cross-Chain Technology Platforms

Among a series of upgrades and new platforms, TRON has purposed to work on in 2019 and 2020 is blockchain interoperability and cross-chain communication. In a livestream conducted by TRON founder and CEO Justin Sun on September 24, the platform is going full-swing in the push to have several chains interact, work and co-exist with each other.

In the same way, TRON developed an alternative to existing decentralized applications (Dapp) platforms with the grand launch of the TRON Virtual Machine (TVM), the network is committed to developing its cross-chain allowing numerous parachains to be connected. In the livestream, Sun announced the transformation of the TRON Network in the upcoming version 3.6.5 upgrade to improve staking, the launch of the SUN Network, release of One-Click blockchain deployment project and the launch of Version 4.0 of the long-awaited TRON Anonymous Token Project.

Why Tron Could Be the Biggest Contender in The Successful Launch of a Cross-Chain Platform

TRON is currently the 14th largest cryptocurrency in world boasting of a market capitalization of $887 million. The platform also remarkably completed the shift from Ethereum blockchain to its protocol referred to as TRON Chain in 2018. The migration encompassed changing the ERC-20 tokens to TRX tokens executing on TRON blockchain and later the burning of the ERC-20 TRX tokens.

In addition to that, TRON has within a short period become a competitor to reckon as a Dapp building platform. More than once TRON blockchain transactions have topped in the market giving platforms like Ethereum, NEO and EOS a run for their money. The success has been brought forth by the launch of TVM and other supporting platforms such as BitTorrent.

Looking at what TRON has been able to achieve in less than two years, the development of the cross-chain platform is not a dream anymore. The development team is supported by vast resources and an active community. All the three working together will mark the beginning of a revolutionary cross-chain technology platform; a true pathway to the decentralized web.

 

 

 

 

 

 

 

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Relief for Cryptocurrency Users as Euro Nations Smile Kindly on Crypto Tax

A longstanding bugbear for vast swathes of the cryptosphere, taxation is getting easier. The emergence of powerful tools for simplifying cryptocurrency taxes has helped brighten the mood of bitcoiners everywhere. Crypto heads in a handful of Euro nations have added cause for jubilation, however, in the wake of clarification from national tax agencies on the treatment of digital assets.

The tax bodies in Portugal and France have both recently issued statements on the status of cryptocurrencies, and it’s good news for residents of the Mediterranean countries. The Portugal Tax Authority garnered headlines in August when it confirmed that crypto payments and trading are tax-free. Confirmation of the tax-exempt status of Portuguese crypto citizens – but not businesses – was welcomed, arriving at a time when other European agencies have been making less favorable noises about bitcoin and its sister currencies.

Where Portugal Leads, France Follows

In Europe, countries determine their own tax status, but other matters are devolved to the European Union. The EU’s decrees on compliance and anti-money laundering directly intersect with digital assets, despite protests from their proponents that bitcoin sees far less usage in criminal circles than fiat currency. Whatever the case, there appears to be a growing consensus in Europe that crypto assets are here to stay. As such, it makes sense from a fiscal perspective for governments to acknowledge them and to tax them like any other asset class.

There is another, bolder approach that forward-thinking and tech-friendly governments can take: to not merely regulate and tax digital assets, but to adopt a light touch that will drive blockchain business to the country, rather than sending them scampering overseas. France has taken a sensible stance here, concluding that crypto-crypto trades will not be taxable, meaning investors will only be liable for tax when cashing out to fiat.

This contrasts with the US, where crypto traders are prone to bemoaning the complexity and costliness of having to pay tax on every winning trade – not to mention every cup of coffee bought with bitcoin.

Reducing the Tax Burden While Saving Time

Bitcoiners not fortunate enough to live in a tax-lite country have no getting around the obligation to calculate tax every time they use crypto. Thankfully, determining those obligations no longer requires a 20-tab Excel spreadsheet, eight cups of coffee and saintly patience. The quality of online guides and tools for cryptocurrency taxes has improved dramatically in the last few years, with “Crypto Tax as a Service” software now automating the process from end to end.

Short of relocating to France or Portugal, there’s no way to avoid paying Caesar’s things to Caesar, even when dealing in satoshis. Some things in life are unavoidable, tax being one of them, but that doesn’t mean the process has to be a chore. Perhaps one day, when the rest of the developed world has given in and joined the crypto revolution, taxes will be automatically deducted by smart contract, preventing the need to file anything whatsoever. Whether that’s your idea of administrative heaven or Panopticon hell depends largely on the characteristics that drew you to crypto in the first place. Whatever the case, until that utopia/dystopia arrives, crypto users are just going to have to file their taxes the old-fashioned way along with everyone else.

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Bitcoinmix Adds Ethereum Mixing Service

The popular Bitcoin mixing service, Bitcoinmix.org has added an Ethereum mixing service to its growing services. The service which has been in operation since 2015 is known for its consistency.

Bitcoin mixing has become an integral part of the cryptocurrency industry considering that Bitcoin, which is the premier coin has dominated the market and don’t seem to show signs of letting up in the near future.

The essence of mixing the digital currency is to make sure that the identity of the owner of the coin is anonymous, a feature which early Bitcoin users thought that the cryptocurrency has. If you have come across blockchain analysis, you would know that it is a rapidly growing technology which aims to make sure that the open ledger blockchain on which coins like Bitcoin were built on does not conceal the identities of the users.

This means that the transactions made on the distributed ledger technology are not private. Also, the identities of the holders of Bitcoin and other coins using the open ledger cannot be concealed. The implication is that any curious analyst with the full copy of the blockchain could see what funds are owned by anyone.

It is also possible to know who is sending a specific amount of bitcoin to another person. With the insistence of most exchanges that the users undergo complete know-your-customer procedures, the identities of the holders of these coins are easy to know in case of hacks or database leaks.

There are several terms with which this process of making the user anonymous is know but they all mean to accomplish the same objective: making the user of the cryptocurrency anonymous. Whether mixing, blending or tumbling, they imply the same thing and essentially enables private transactions on the blockchain.

Bitcoinmix.org has been one of the companies at the forefront of anonymizing Bitcoin use. Interestingly, the company recently announced that it is extending the service to the users of Ethereum.  

With this development, users of the Ethereum network can now dissociate their transactions from their wallets making it impossible for spies on the network to track their transaction history.

The need for anonymity in the use of cryptocurrencies could be seen with the increasing affinity a segment of the industry have for privacy coins such as Monero, Zcash and Dash. 

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