Good Exists Where It is Constantly Created

However, there is not always an opportunity to join charity or get help. This is explained by the absence of a publicly available international site of assistance and trust in charitable organizations. The responsibilities of a bridge between virtues and those in need will be borne by the innovative BCharity platform.

What is the BCharity platform?

The largest decentralized international charity exchange is the first and unique platform of its kind that will unite all participants of charity with the help of modern technologies and financial instruments: foundations, organizations and people who are striving to change the world for the better.

The platform functions on the blockchain technology, which provides an opportunity to monitor the activities of charitable organizations.

The project developers raise funds using blockchain and cryptcurrency to launch the platform. To do this, the CHAR tokens (BCharity Tokens) are released, which can be purchased for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Сlasic, DASH, Litecoin, Z Cash, Ripple, Monero.

How to get donations?

Charitable foundations and organizations can receive donations in 2 ways that are optimized for users who are familiar with cryptocurrency and for those who are not. However, cryptocurrency world and its innovations will become much more transparent on the platform.

Method #1: charitable foundations and organizations act as users on the BCharity platform that will be able to receive donations on the platform account and transfer them onto Ethereum wallets afterwards.

Method #2: charitable foundations and organizations from countries with undeveloped cryptocurrency market have some complications related to the conduct of transactions and the possibility of withdrawing of cryptocurrency. The project takes into account the interests of all who need it, so a special request form was created to withdraw funds to the bank account.

You can join the creation of a modern and unique international stock exchange of charity right now duing the Private Sale, which will last until the 30th of March, as well as during the  Pre-Sale and Main Sale.

Join BCharity via the link: https://bcharity.io/

Telegram-chat: https://t.me/bcharity

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Three Hellish Days for Cryptocurrency: Reasons of The Fall of The Currency and What To Do Next?

The current condition of the cryptocurrency market raises a number of question from traders. For the third day, the industry is either trying to revive Bitcoin and other cryptocurrencies, or just watching the collapse of the course.

The question of what caused the collapse of the market and what should do those who still have cryptocurrency  – makes world crazy. That is why, The Coin Shark have found answers for all of these questions and analysed per minute history of the fall of currency of Bitcoin.

The Chronology of the fall from 14th to 16th November

Wednesday, November,14 , Bitcoin break another 2018 bottom.  According to data of CoinMarketCap, at 11:34 UTC the rate of the first cryptocurrency behaved stably, being at $6 365.

Nothing foretold troubles, but at 17:19 UTC began unexpected fall, which last till the 19:19 UTC, where the price of BTC remained in half-dead condition at $5 765. Therefore, the capitalisation of the marked fell to $102 billion.

After that, Bitcoin started to resist. In 20:04 UTC the currency show vital signs, increased to $5 858. But still, the end of 14th November was not a happy ending. In 22:48 UTC was settled a new record – $5 568.

Source: https://coinmarketcap.com/

If compare the data with an individual market, then on a Bitstamp the price of the BTC has already dropped to $5 534, and on the Kraken – $5 510. Last two weeks, Bitfinex exchange trade Bitcoin more than $6 000 per each unit.

It turned out, that the 14th of November was still far from the end of BTC fall. According to CoinMarketCap, Thursday, November, 15, at 17:04 UTC, Bitcoin shocked everybody with the course of $5 358. On Bitstamp the first cryptocurrency down to $5 446, and on the Bitfinex – $5 638. At this point, this is the lowest course from the end of October, 2017.

Source: https://coinmarketcap.com/

The condition of the cryptocurrency market for the last year is unstable. It is accompanied by unexpectable highs, as well as painful falls. But not only Bitcoin drop it’s price position on 14th of November. Together with it, into a deep red zone came the major part of other cryptocurrencies. In doing so, the total capitalisation fell by $190 billion.

Source: https://coinmarketcap.com/

At the writing of this article, 16th of November, the condition of the cryptocurrency market is still in critical position – the course of Bitcoin stood at $5 500, and Ethereum backed down the second place in capitalisation Ripple.

Source: https://coinmarketcap.com/

What caused the collapse?

Just think about it, less than 24 hours ago, it was possible to sell the BTC on a thousand dollar higher. Probably, it is impossible to define why “the foundation was cracked” under the cryptocurrency, as for the example it can be done in a regular market. In the digital, the effect is first  seen and only than the reason becomes known.

Reason #1: Contagious effect

On the basis of past, the cause of the fall have psychological nature.
For example, people are massively starting to buy cryptocurrencies or fanatically selling.

Reason #2 : Direct correlation

Each financial currency  pegged to its government, as for the example dollar – to the US economy. Cryptocurrency pegged with the people, which are both buying or selling it.

Reason #3: Global Bitcoin influence

Ironically, but there is a theory, that the general condition of the cryptocurrency is affected by Bitcoin. The value of all digital market is estimated in $182 billion, the $90 billion of which belongs to BTC. The majority of cryptocurrencies  should be transferred especially in Bitcoin, before the sale.
And now imagine, that selling of Bitcoin will start simultaneously several major players of the market. After this, the BTC prices are lowering, and this cause  the panic attacks more than ones: “ Buy everything and as quickly as possible, while the price is low!” – this makes the course to grow.

What should do the owners of cryptocurrency: sell or wait?

It depends on the inner aspects of each owner. Even when the course is rising – it still have cycles of fall.

Who and how will affect the collapse of rate?  

Cryptocurrency is the unstable tool. It’s system decentralised and doesn’t have the management center. Digital currency should strengthen the positions, so it can give the accurate forecast for the future. But, it appeared, that this fall will have no affect on ordinary users.

There is no denying, that in a consequence many crypto-business will close. Cryptocurrency exchange are in the minimum risk area, as in such cases the number of transaction increases.

Most of all, miners and the owners of the mining field will suffer the most. Since, the profitability depends on the price of extracted cryptocurrency. Within recent events, it is clear that mining is unprofitable occupation.

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Crypto Wars: Jihan Wu vs Craig Wright, Who Gets McAfee’s Support?

The infamous hard fork of Bitcoin Cash has created some tension between the major crypto personalities in the industry. It is especially the case with the supporters of the two different BCH protocols.

One of the main “fights” has started between the CEO of Bitmain Jihan Wu and a computer scientist Craig Wright, who have repeatedly gone at each other on the social media, claiming that their vision of Bitcoin’s future is correct. Later on, the “war” was joined by John McAfee who supported Jihan Wu.

Craig Wright did not take long to respond.

Hopefully, the conflict will be settled peacefully, because the crypto industry needs all of the abovementioned people to function properly and develop.

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The Twitter Account of Google Was Hacked to Promote a Scam BTC Giveaway

As we reported about a scam on Twitter yesterday, we had no idea that its organizers would go beyond hacking the accounts of Target and The Body Shop. We remind you:

A Major Twitter Scam Made Target Promote a Bitcoin Giveaway

But they did. They hacked the account of Google. According to the report by The Next Web, one of the official account of Google on Twitter, GSuite, became another victim of the hackers trying to endorse their fake Bitcoin giveaway.


Source: Twitter

The representative of Google stated the following:

This morning an unauthorized promoted tweet was shared from the G Suite account. We removed the tweet and are investigating with Twitter now.”

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A Major Twitter Scam Made Target Promote a Bitcoin Giveaway

Twitter scammers are getting more and more intricate to make their fraud look like it’s not fraud. This time another scam involves a couple of popular brands (and, surprisingly, not Elon Musk).

A couple of unknown crypto criminals started spreading a tweet, encouraging the community to participate in a BTC giveaway. The scammers promised to give out $30 million worth of crypto. The tweet were quickly deleted, but some members of the crypto community managed to capture it.

The most interesting part of this whole scam is that its organizers allegedly hacked account of such popular companies as Target, The Body Shop, AHDB etc. and used them to endorse their endeavour.

There seem to be no other details on the victims of the scam or whether the hackers were caught or not.

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Authorities of the Crimea Are Planning to Launch a Blockchain Cluster

According to the Russian news outlet, there might be a blockchain cluster created in the special economic zone in the Crimea. Such a proposal was put out during the Yalta International Economic Forum that took place in Moscow.

As stated by the representative of Crimea, Georgi Muradov:

Last year we started discussing the blockchain technology and planned the creation of a cluster, a blockchain cluster in the form of a cryptocurrency investment fund.

Such a move towards innovative technologies might be an attempt to avoid sanctions from the West and lure in overseas investments.

We remind you:

Rosfinmonitoring Took Control of Cryptocurrency Turnover in the Russian Federation

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Interview with Mark van Rijmenam: In 2019 We Will See More Blockchain Projects Coming to Fruition

How often do you have questions about cryptocurrency that no one can answer? How many times have you had them in your head before investing in a dubious project or in the most popular cryptocurrencies? And how does this blockchain even work? We often need an assistant or an inner voice that will put everything in its place. The Coin Shark will introduce this person to you.

We ask the most relevant questions about cryptocurrency to our experts, professionals in crypto and blockchain business. Today, our “inner voice” will be Mark van Rijmenam, founder Datafloq, named global top 10 Big Data influencer and one of the most influential Blockchain people. 

Hello, Mark. What do you think, what problems can be solved using blockchain at the global level?

Blockchain is a paradigm shift, a fundamental technology that will change every industry. Blockchain is relevant everywhere there is a trust issue (when individuals, organisations or things have to collaborate) and when there is a transaction. Blockchain is especially relevant for the financial sector and the supply chain sector, but blockchain can also be used for social good. In our latest book, Blockchain: Transforming Your Business and Our World, we discuss how blockchain can contribute to solving issues such as poverty, climate change, fraud, corruption, censorship, identity theft, etc.

What is the most extraordinary and unique project you had to work with?

Personally, I find the projects that look at using blockchain to solve real-world problems the most interesting. Projects that aim to offer us a self-sovereign identity for example, such as Sovrin or uPort, have the opportunity to change how we deal with identity. That can also be used for developing countries, as over 1,5 billion people still lack a government-issued identity. Also, those projects that aim to help the 2 billion unbanked in our world, such as Humaniq, are very important.

How can your own Datafloq project affect crypto and tech industry?

Our objective is to help the community with relevant articles on blockchain, crypto and other technologies including big data, artificial intelligence and the internet of things. In addition, we are about to launch a new project that could help in the massive fake news problem we have.

Do you invest in cryptocurrency? If so, do you prefer well-known coins or new projects?

I do have different cryptocurrencies. Whichever project I decide to participate in, I always look at what the product is that they are developing, who the team is, how long they have been working on it, what code is already there, do they already have an alpha or beta version, etc. For me to participate in a new project means that I need to have a very good understanding that the project is capable of achieving what it wants to achieve.

Your forecast: what future awaits crypto industry and all holders of cryptocurrency in 2019?

Hopefully, 2019 will see a more stable environment due to global regulations being put in place how to deal with ICOs (although I am aware that it takes time to achieve that). In 2019, we will also see more blockchain projects coming to fruition and delivering real-world products and services. Slowly, the decentralised ecosystem will become to appear as the technology required for that becomes ready. 2019 will be a very interesting year!

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