The Gemini Exchange Will Support Operations with Zcash, Bitcoin Cash and Litecoin 424

Now the Gemini exchange supports operations with Zcash altcoins as well as with the digital coins Bitcoin Cash and Litecoin. Before the upgrade, only Bitcoin and Ethereum could be purchased inside the exchange.

According to Forbes, depositing of Zcash will be available from this Saturday, the 19th of May. Trading in pairs with dollars will be launched on the 22nd of May. The exchange will be available for 48 US states, as well as Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the UK.

After announcing that Zcash is now available at Gemini, the coin has grown in price by 40%. At the moment it costs $349 with the previous price of $225. At the time of writing, the cost of Zcash was at around $323.

The President of Gemini Cameron Winklewoss made a comment that the addition of new currencies became possible due to the close cooperation of the exchange with NYDFS:

“Our approval makes Gemini the first licensed Zcash exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise Zcash.”

Zcash is an anonymous currency that supports two addresses: the unshielded one which is open and also the hidden one. The Gemini exchange will accept deposits from two accounts, however, coin withdrawal will be supported only for open addresses.

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Buterin, Winklevoss and Others: The Future of the Digital Currency World According to Major Crypto Personalities 798

experts opinions on crypto

The crypto world has entered the new stage of its development, it has always been volatile, but these couple of weeks have been absolutely crazy: coins are jumping up and down, Bitcoin ETF is on its way, blockchain is taking over the world.

No doubt, crypto specialists and financial experts have a lot to say. Today we came up with a compilation of sayings from the stars of the cryptocurrency universe that we found particularly interesting and important.

The CEO of the crypto exchange Gemini, Tyler Winklevoss believes that the acceptance of cryptocurrency in the world as a means of payment equal to fiat will not happen in the next couple of years:

The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time.

Pantera Capital’s CEO is way more optimistic on this issue. He sees great potential in the blockchain technology, and digital coins, according to him, are “superior form of currency.

Ethereum’s founder Vitalik Buterin wants cryptocurrencies to become more user-friendly and common in the everyday life. He also thinks it may become possible only in case the proper regulatory framework for crypto is developed by the state governments.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash,” he said.

The last, but certainly not least, is the CEO of BitMEX, Arthur Hayes, who has some serious doubts concerning Ethereum. According to his calculations, the price of the world’s #2 coin will drop lower than $100.

It is this moment,” he added, “that Ether goes from a 3-digit to a 2-digit shitcoin.

Although we are sure that experts know what they are talking about, the crypto world is way too unpredictable. We can only wait and see whether the abovementioned predictions turn out to be true or not.

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The Former CEO of Paypal: Bitcoin Is Eventually Going to Go A Whole Lot Closer to Zero 700

bitcoin's future is not bright

The ex director of Paypal Bill Harris is known for his scepticism and harsh comments aimed at Bitcoin. He even called it “the greatest scam in the history”. This time CNBC interviewed Harris to find out whether his opinion on the world’s #1 digital coin has changed.

According to the businessman, Bitcoin is supposed to be “instant, free, scalable, efficient, secure, globally accepted and useful”, and it fails to fulfill all of those characteristics. Harris believes that there is “no value” in BTC.

He has also mentioned that there is no need in solving the problem of Bitcoin scalability, because we don’t need Bitcoin at all.

Look how difficult it is to get money from one country across the border to another. It’s slow, it’s expensive, it’s all those things. Agree. You don’t need Bitcoin, you don’t need XRP, you don’t need any of that to solve that problem. What you need is faster networks.

Unlike many of his colleagues, Bill Harris has way more trust in conventional fiat currencies due to their relative stability which cannot be said about Bitcoin.

In conclusion he summed up his thoughts by saying:

Bitcoin makes no revenue, no profitability.

Frankly speaking, the current CEO of Paypal Dan Schulman agrees with Harris on this issue, although Paypal might change its opinion on BTC if it becomes more stable.

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Forbes Published 5 Main Blockchain Tendencies for 2018 782

blockchain trends

Blockchain is one of the most rapidly developing technologies of all times. Its main features (speed and transparency) earned recognition and approval from businesses and companies from all over the world.

Forbes has conducted a research and established 5 major paths that the blockchain is likely to follow this year.

1. Companies actively implement blockchain. For example, we have recently reported about the pilot version of election in Ukraine conducted on blockchain.

2. Implementation of this technology follows a thorough research. With blockchain being fairly new, the more conventional fields that are not related to digital technologies or computer sciences treat it very carefully. For example, the Stanford University created a research center for possible introduction of blockchain in the future.

3. The hype is going to fade. Blockchain has been marketed as a panacea for quite a while. Many people were sure it would help to solve major world problems. However, the results coming from this technology, though being mostly beneficial, are not as phenomenal as everyone thought they would be.

4. New and smaller projects are more likely to implement blockchain since they are more adaptable to changes and upgrades. Huge companies like Amazon find it way more difficult.

5. The personal information on people and other important data will be secured a lot better with the help of blockchain. Scammers never rest, however, blockchain will ensure that they have the hardest time ever hacking and stealing.

Thus, we can definitely see a lot of potential for blockchain. More and more companies choose to implement it. Hopefully, this technology will keep flourishing and bring benefits to those using it.

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Robert Kiyosaki: Cryptocurrency Will Outlive Fiat Currency 820

btc will outlive usd

The author of the famous financial bestseller “Rich Dad, Poor Dad” Robert Kiyosaki expressed his opinion about the future of the US dollar and concluded that the cryptocurrencies can outlive fiat, as they are “currencies of the people”.

Discussing his new book “Fake: Fake Money, Fake Teachers, Fake Assets”, Kiyosaki explained that he wrote that gold, Bitcoin and other virtual currencies are the best protection against the impending financial market crash.

Kiyosaki believes that the dollar is a “fake currency“, because it is not secured by gold since the abolition of the gold and currency standard:

I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money.

According to the businessman, the permanent monetary issue, which is implemented by the US Federal Reserve System, inflates a big bubble, which in the future will cause another economic crisis.

God’s money, which is gold and silver, will be here after the cockroaches go extinct, and people’s money, which is [crypto] currency…I think the dollar is toast because gold and silver and cyber currency are going to take it out.

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China’s McCoin Costs More Than $300 1143

mccoin in china

At the end of July Mcdonald’s announced about issuing a global currency McCoin to celebrate the 50-year jubilee of Big Mac. The list of countries where you can get these coins includes 58 states, and China is among of them.

maccoin in chinaOn August 3, the official announcement of creating Mcdonald’s Commemorative Coin in China was released by Mcdonald’s Shanghai on the website.

On August 6, about 1 million coins were delivered to the 2500 Mcdonald’s cafes. The distribution of McCoins started at 10:30. The Chinese were so overwhelmed with this campaign, that enormous queues appeared in the streets. According to the local media report, people in the lines even fainted because of the hot wheather outside.

McDonald’s employee told reporters on the 7th of August that all coins were fully distributed in just one day.

maccoin in chinaOn August 7, the topic of “McDonald’s Commemorative Coin was snapped up” was posted on Sina Weibo’s hot search list. There appeared ads of selling  McCoins in WeChat (Chinese social network) and secondary Taobao (giant e-commerce platform). At present, the price of a commemorative coin on the second-hand platform has been raised to 500 yuan or even higher. The price has skyrocketed by almost 30 times. Sets of McCoin are sold at the price of 10000 yuan (around $1500).

A hot discussion on what to do with these coins has started among the netizens. Some of them don’t bear selling of them, as they have collectional value, others don’t see any point in buying a burger for 800 yuan, some people are making fortune by selling them.

There were rumors that McDonald’s planned to issue its own digital currency. Today, in an interview with reporters, McDonald’s China Chief Data Intelligence Officer, Cai Dong, has refuted this statement:

McDonald’s has never cooperated with the exchange, which is completely a rumor. McCoin issued by McDonald’s is a physical collection coin. Consumers go to the store to sing birthday songs to get coins. The average store has 400-600 stores, a total of 2800 stores. Customers can choose to collect or exchange them into Big Mac. They can be exchanged in 50 countries before the end of the year.

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LINE`s Clova Is Now Able To Announce Cryptocurrency Prices 753

line's clova can announce crypto rates

The developers of SNS “LINE” adds a new service of cryptocurrency rate, provided by Money Partners Co., Ltd, to the Smart Speaker “Clova (Clover)” utilizing AI (artificial intelligence), according to Japanese media report.

Clova is an intelligent personal assistant for Android and iOS, developed by LINE Corporation. AI Assistant “Clova” was announced at “Mobile World Congress 2017” which was held in March 2017. The first “Clova” appeared in October of the same year, then there was a smart speaker “Clova WAVE” in December. After that LINE Corp. released the second smart speaker “Clova Friends” with LINE characters, like Brown and Sally.

How does it work?

AI Assistant can easily announce the cryptocurrency rate after you turn it on by saying “Hey, Clova, Open My Wallet!”Say “Bitcoin/yen” and get your current cryptocurrency rate. That is how “Clova” is supposed to work. Users can operate Clova by voice, and Clova will reply with voice. As the rates are changing within 24 hours, you can follow it when sitting in front of the PC, or cooking, or even bathing. The cryptocurrency pair is provided by the Kranken exchange. You can even add your favorite currency pairs.

line clova

“Clova Skill Store”

According to the official press-release, LINE Corp. opened up a new “Clova Skill Store”, where you can find the above-mentioned “crypto” skill. Clova currently offers users a wide variety of voice-controlled experiences, including playing music, reading out news, announcing the weather, and enabling users to exchange messages and make free calls with their family and friends using LINE. The Clova Skill Store gives users access to these third-party skills developed in the Clova Developer Center. There are 60 skills provided by 27 companies, including latest train statuses and various sermons by Buddhist monks.

What is important, you cannot use “crypto” skill via the PC, only from a smartphone or laptop. If you do not have the LINE Clova application, you will be transferred to the page of the application.

line clova

We would like to remind you that Japanese messenger “LINE” launched its own crypto exchange in January of 2018.

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