Welcome CorHash.com

Safe and efficient mining for more than 24 cryptocurrency

Login to your account SingUp

Blog

Cryptocurrency world news
All the news

LedgerX has launched its own bitcoin volatility index

 

LedgerX trading platform considers bitcoin volatility a very important benchmark for traders, so the company announced the launch of a new index that will track this parameter.

The index, which is called the LedgerX Volatility Index (LXVX), will track the expected volatility of bitcoin. Data for LXVX will be taken from regulated options on bitcoin, which has for years traded various institutional clients.

According to the President and chief risk officer Ledger X Utica Chou (Juthica Chou), the new index is similar to the CBOE exchange index (VIX), which tracks the expected volatility of the stock market.

According to Chow, LXVX can be described as" bitcoin's fear index, " and by that it too is similar to VIX. As a former trader on volatility at Goldman Sachs Bank, Chow emphasized the importance of such an index for the stock market, which pushed the LedgerX platform to create LXVX.

"If you look at the beginning of the year, the LXVX fell by 20% to 68. This is about three times more than the volatility of the stock market, but it is very significant for bitcoin – the level of fear and uncertainty has significantly decreased, for example, compared to December last year," Chow said.

 

At the moment, the index is not a tradable product, but the creation of such a product is also included in the company's plans. Institutional clients of LedgerX gained access to the new index a few months ago, and now LXVX is available to the General public on the official website of THE company.

Note that the volume of trading on the platform LedgerX since its Foundation in October 2017 exceeded $500 million in may last year, the platform LedgerX launched a simplified interface that allows cryptocurrency investors to earn interest on their savings.

Bittrex exchange launched its own OTC trading platform

 

A large cryptocurrency exchange Bittrex announced the launch of its own over-the-counter trading platform, where more than 200 cryptocurrencies will be available for trading.

It is reported that the clients of the platform will have access to "fast and convenient assets for trading", among which there are more than 200 different cryptocurrencies. In addition, the platform provides a "guaranteed price" for large transactions, the amount of which exceeds $250 000.

Recall that the OTC trading platform allows for the exchange of funds between two third-party customers. This differs from the OTC platform from the traditional exchanges, in which trades are executed via an order book.

"The platform offers one of the widest lists of digital currencies for trading and will become a new step Bittrex in the universal adoption of the technology of the blockchain, and will also give our customers confidence in the transaction price and create a simple way to trade large volumes of digital assets", – said the head of the stock exchange bill Shihara (Bill Shihara).

Recall that, according to a study by Diar, institutional investors have moved to a more highly liquid over-the-counter (OTC) trading, preferring it to the physical cryptocurrency markets. Two major cryptocurrency exchanges in the US – Coinbase and Poloniex has started OTC trading platform.

Samsung representative: decentralization is more important than blockchain

 

Decentralization is more important than the blockchain itself, said the technical Director of the innovative technologies division of the South Korean technology giant Samsung Ricardo Ricardo Mendez.

Speaking about the future of the blockchain, he predicts the consolidation of the space next year, but emphasizes the importance of the reorganization of centralized structures.
To the question whether he thinks that decentralization is more important than the blockchain, Mendes replied:

 

«Naturally. Blockchain is another tool that can help in a decentralized context, but the tool is always less important than the goal."

 

The opinion of the representative of Samsung refers the company to a smaller group of technology companies that defend the ideological aspects of the blockchain-most consider the technology as a method of optimizing operations, such as financial transactions, supply chains and paperwork, but rarely mention the advantages of a decentralized system similar to the blockchain.

Regarding cryptocurrencies, Mendez seems to have sought to illuminate the reverse side of many assets.

"You only need to look at most cryptocurrencies that are fully decentralized, but also 100% public – their pseudonymy only needs to be broken once," he continued.

According to him, peer-to-peer approaches require the transfer of activity to peer nodes, so they need an additional level of privacy (for example, VPN or mixed network). 

"That's why we need to better explain to users the trade – offs of different approaches," he advised cryptocurrency companies.

Samsung had a great interest in the blockchain and experiments on the basis of cryptocurrency. In December, the company filed an application for registration of a trademark for a cryptocurrency wallet.

Only seven cryptocurrency exchanges have passed the security audit of the South Korean government

The government of South Korea has published the results of its verification of the security of cryptocurrency exchanges. Only seven of them have been tested at all 85 checkpoints. Fourteen previously tested exchanges have not improved their security features, and 17 sites studied for the first time failed to meet the government's security criteria.

According to local media, the Ministry of science and information technology of South Korea on Thursday announced the results of the security check of cryptocurrency exchanges. In cooperation with the Korean Internet and security Agency (KISA), the Ministry conducted an audit of 38 exchanges between September and December last year. 21 sites were inspected in the period from January to March last year, and 17 exchanges were audited for the first time.

After the previous review, 21 exchanges were given recommendations to improve certain security measures. Since then, seven of them have made the necessary improvements and implemented all 85 items of the inspectors ' checklist. The Money Today edition clarifies that these items "include parameters such as system security, administrative security, network sharing, account management, and virtual currency wallet management."

Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco and Huobi Korea have been verified. Newspaper Newsprime quoted an official of the Ministry of science, who said:

 

"The majority of the studied exchanges has a weak security system, with the exception of seven exchanges which meet all of the 85 items on the test."

 

Most of the verified cryptocurrency exchanges did not meet the basic security standards. Government officials told reporters that 14 previously studied exchanges had not made the necessary improvements. Inspections of these sites have shown that they still need to improve an average of 51 security points because they "may be at risk of hacker attacks at any time." As for the 17 first-time audited exchanges, their "overall level of security was weak". Newsprime clarifies:

 

"Having studied 85 points of basic security requirements for 17 first-time audited exchanges, it was confirmed that the level of security of these exchanges as a whole is weak due to the discrepancy in the average 51 points of security. In particular, it has been confirmed that most dealers have a low level of security in terms of network separation and access control."

 

The Ministry said that it will continue to analyze and check cryptocurrency exchanges for security problems, paying special attention to protecting investors from the consequences of hacker attacks.

At the end of December, it became known that South Korea is considering six bills on the regulation of cryptocurrencies. One of them is aimed at protecting the rights of cryptocurrency owners and ensuring the security and reliability of cryptocurrency transactions.

Venezuela obliged cryptocurrency operators to pay taxes in virtual currencies

 

The Venezuelan government has issued a decree obliging taxpayers working with virtual currencies in the country to pay taxes in cryptocurrencies. Similarly, foreign exchange operators must pay taxes in the currencies they work with.

The decree States that the change is necessary to"strengthen the current tax regime". The article of the government publication, which published the information, notes:

"The government of President Nicolas Maduro has issued a decree according to which taxpayers engaged in transactions in foreign currencies or cryptocurrencies must pay taxes in the same currency with which they work, not in bolivars."

The decree States that "the Venezuelan people are currently facing a brutal war, supported by internal and external factors, which leads to the deterioration of the economy, so it is necessary to take sufficient measures to ensure the strengthening of the current tax regime". The Ministry of people's power of economy and Finance is responsible for the execution of the decree.

The first article of the decree States that taxpayers in Venezuela "carry out transactions "in foreign currencies or cryptocurrencies in accordance with the instructions and the law, and"must specify and extinguish their tax liabilities in foreign currency or cryptocurrency".

The decree lists two exceptions: transactions with securities traded on the exchange and exports of goods and services carried out by state bodies or organizations. In addition, the decree States that such payments as tax refunds, in cases specified in the decree, will be made in the national currency.

The municipality of Maracaibo in the state of Sulia in Venezuela recently announced that it will use the national cryptocurrency Petro as the basis for calculating the tax on income of business entities. The statement created some confusion among residents who thought they would have to pay their taxes in Petro.

On Tuesday, the quartermaster Servicio Desconcentrado de Administración Tributaria (Sedemat) Jean Carlos martínez (Jean Carlos Martínez) explained to the publication Noticia al Dia that "taxpayers will not pay taxes in Petro". He added that Petro has two purposes: one is a cryptocurrency, and the other is a unit of account, which is transferred to 9,000 sovereign bolivars, which will be used in payroll procedures.

The new decree establishes that"the payment of taxes will be made depending on the economic activity of each company or microenterprise". Martinez also said that if someone made transactions in Petro, bitcoin or other currency, they should declare their income in the currency they are working with.

In mid-December, it became known that the Venezuelan government transfers pension savings of citizens to Petro. In the same month, Maduro announced a twofold increase in the value of the cryptocurrency.

Despite the fact that there is no real evidence that the cryptocurrency has any security, there is still no, the state continues to distribute the digital currency, which went on sale on October 29. In mid-November, Maduro also said that when buying Petro can be converted into any virtual currency until the end of 2018.

Exchange ShapeShift reduces the one-third of staff

 

Swiss exchange ShapeShift announced the reduction of 37 employees, which is one third of the total staff. This was tweeted by the head of the company Eric Voorhees (Erik Voorhees).

"With a heavy heart that today we have reduced by 37 people. We published a blog post where we discussed some of our wrong steps and the lessons that the company has learned from them," he said.

 

The blog reports that the cuts are caused by"the last cycle of the bear market." At the same time, representatives of the company stressed that the decision "to enter the crypto-currency market was the best and at the same time the worst for the company".

Voorhees said that in 2018 ShapeShift was attacked from four sides. He noted problems with regulators, structural flaws, misunderstandings with customers and financial problems.

"Among the many advantages of cryptocurrencies, one of the main is that people can easily accumulate wealth and instantly send it directly to any other person anywhere in the world. This power is amazing and unprecedented," the head of the exchange summed up his blog post.

Recall that in late September, the Wall Street Journal published the results of the study, according to which over the past two years through 46 crypto – currency exchanges were laundered about $90 million of them at least $9 million-through the ShapeShift exchange. In early October, Voorhees made a refutation, calling the material " false and absurd."

Charlie Lee: "all decentralized cryptocurrencies are subject to attack 51%»

 

The Creator of the popular cryptocurrency Litecoin Charlie Lee (Charlie Lee) said that decentralized cryptocurrency "by definition vulnerable to attack 51%".

This statement you made on the background of the warnings of the Chinese company SlowMist involved in the security of the block chain, that the Ethereum network Classic, could be subjected to attack 51%.

"By definition, a decentralized cryptocurrency should be susceptible to a 51% attack, with no matter what parameter the attack will be carried out – hashrate, shares or other resources that do not require authorization. If the cryptocurrency is resistant to 51% attack, it is either centralized or has access control," Lee said.

Note that on January 7, the Coinbase exchange announced that it had noticed "reorganization of the network" and "double spending" in the Ethereum Classic blockchain. On January 8, the exchange discovered 12 more reorganizations and double spending in the amount of 219.5 ETC, which is about $1.1 million While the exchange itself banned deposits and withdrawals in cryptocurrency ETC on January 5.

The Ethereum Classic development team continues to insist that information about the 51% attack is rumors.

Ethereum has overtaken XRP again. Capitalization of bitcoin has exceeded $15 billion

The cost of altcoin Vitalik Buterin increased by 9% over the past two days. Token XRP at the same time went up by 3%

On Wednesday, January 2, the average market value of Ethereum reached $147. The capitalization of the coin exceeded $15 billion, altcoin came in second place in this indicator, surpassing the XRP token from Ripple. Over the past two days, the price of cryptocurrency Vitalik Buterin increased by 9%, over the same period of time the bitcoin rate increased by 3%, now it is $3839.

The capitalization of the digital money market increased by $5 billion in 2019, now it is $130 billion. Most of the cryptocurrencies are in the "green zone", and the share of bitcoin is gradually decreasing: at the moment it is at the level of 51.4%, although on January 1 it exceeded 52%.

Store or dispose of. Ethereum rose to $156

The price of cryptocurrency has increased by 2% over the past day, while Bitcoin And XRP have fallen in price

On Friday, January 4, the average market rate of Ethereum rose above $156, after which it slightly decreased, now the cryptocurrency is trading at $155. Over the past day, it has risen by 2%, while Bitcoin has fallen by 1% to $3860, XRP has lost 1% of the price, and now the token from Ripple is worth $0.36.

In the near future Ethereum will continue to rise in price, NewsBTC analyst Ayash Jindal believes. He believes that the value of the cryptocurrency should remain above the support levels of $145 - $ 140 in order to continue to grow. Altcoin can overcome an important resistance zone of $ 155 and gain a foothold above $157 in the near future, the expert says.

BitTorrent company will launch its cryptocurrency

The new token will work on the basis of the Tron platform, in the summer the head of the startup Justin San bought a torrent service for $ 140 million

BitTorrent service will launch its own cryptocurrency with BTT Ticker (BitTorrent Token). It will work on the basis of Tron - in June 2018, the head of the blockchain startup Justin San purchased the Protocol for file exchange for about $140 million.


Users of the service will be able to pay a new altcoin for sending or downloading files faster. The BTT coin will be available outside the US via the Binance Launchpad entrepreneur service. Also the tokens will be distributed through airdrop.

The company stressed that users who do not want to earn or spend cryptocurrency will be able to exchange files for free. Initially, the token will work through the µTorrent Classic client based on Windows.

All the news

CorHash.com

CorHash.com is a mining platform for cryptocurrency mining.
We do not promise you mountains of money and a comfortable future, but we will give a chance to everyone. Just pass the registration and start mining.
Start earning without investment, get a bonus in the form of 5 GHS. It will allow everyone to try yourself in the sphere of crypto-mining!
We use the latest equipment and the newest calculation algorithm!
Our service provides the ability to produce more than 24 cryptocurrency, such as Bitcoin, Litecoin, Dogecoin, Ethereum, Zcash for etc.

We guarantee

24/7 Support

Round the clock technical support will answer all your questions



Payback up to 55 days

Your investment is repaid within 55 calendar days! Your investment will work around the clock and seven days a week


Quick payouts

All payments in the project are produced in the mode of INSTANT! You don't need to wait for days on Your earnings, You will receive them literally 10 minutes after order payment

Affiliate program

Affiliate program - 10%. Affiliate payments are credited from the amount of purchased power GHS Your partner

Mining

Hour and safe mining of over 24 cryptocurrencies



Registration bonus

Each new user we give 5 GHS to get started without investment



Working days

45

Investors

27707

Online

19