Vitalik Buterin Spoke About the Possible Switching Over to Google

Early April surprised us with the news of Vitalik Buterin’s to limit the number of issued coins of the Ethereum to 120 million. He believes that due to the innovation, the second cryptocurrency in terms of capitalization will be more “steadily developing” which will also increase the flow of investment in it. Recently it became known that the developer was offered a job in Google.

Vitalik put up a post on his Twitter account with a screenshot of the message, where he was offered a job. The letter was sent by a Google employee Elizabeth Garcia. She wrote that the corporation would be happy to see Buterin as one of their working staff, so she is ready to make an offer for cooperation in the nearest future.

Moreover, the post contained a poll for subscribers, which resulted in the following ratio: 59% for the fact that Buterin should not leave Ethereum and 41% do not mind him “changing the familiar environment.”

The twit was deleted after some time, as publishing the screenshot, the author accidentally revealed the sender’s address, the newspaper writes.

It is unlikely that Ethereum can exist without Buterin. This has already been proven in the past, when the mass media talked about the death of a developer in a car accident in the June of 2017. Publications of this kind were written with the reference to an  anonymous source 4chan. The news did not have time to spread in the media, as Buterin denied it after several hours. This had a negative impact on the capitalization of Ethereum, which declined by 4 billion dollars.

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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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Malaysia’s Banking Group CIMB Will Cooperate With Ripple

CIMB, Malaysia’s group of banks, signed an agreement with Ripple to develop a blockchain-driven remittance platform. DLT technology will help to promote banks in the South East Asian region and will offer more convenient services, according to the press release made by Ripple CEO Brad Garlinghouse.

The bank strives for resolving urgent problems in the system by implementing Ripple’s blockchain. The problems mainly refer to slow and quite expensive settlement process.

Ripple CEO said :

“We’re seeing banks and financial institutions from across the world lean into blockchain solutions because it enables a more transparent, quicker and lower cost payments experience.”

He also added:

“Now, by integrating Ripple’s blockchain technology, [CIMB] will enable their customers to send vital funds to family, friends and loved ones more efficiently.”

They also decided that CIMB would go over its system and analyse the possibility to implement Ripple’s DLT in other spheres.

We remind you

Has Ripple’s XRP Entered Apple Pay?

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Incredible History of Cryptospace Conquest

In November 2017, when the idea of conquering the news cryptospace arose, there were only 3 astronauts aboard our space ship.

The legend doesn’t tell us whether our commander understood the expression of another famous captain, “As you name the boat, so shall it float”, or just wanted us scare the hell of all the other participants of the crypto world, but he called it “The Coin Shark”.

Although our team had little idea how cryptospace ships are actually assembled, we decided to win new horizons at any price and began to prepare for the launch. This is the feeling when people ask you: “Are you ready?”, and you understand that you are not, but you still press “Start”, because when you fly up, there should be no fear.

3,2,1 – Start!

The first time we found ourselves in the universe of cryptocurrencies, we were in zero gravity. Not quite understanding how and where we should fly, we looked around to neighboring ships, until we found our own style of flying. Thanks to the imagination and talent of our graphic pilot, the shark has become the most enviable bride of the cryptospace: bright, original and visually “tasty”.

So we first learned what Bitcoin was and rejoiced at its first record mark of $20k. We got acquainted with the notion of “blockchain” and “mining,” we were no longer afraid of the word “volatility,” and we were happy to talk about this with our space readers.

Later we realized that in order to increase the speed, we need to expand our team. We began to focus on English-speaking users, and also added the Chinese version of The Coin Shark. From that moment on, our editors have been adding high-quality content fuel to our system. They added speed and multi-language to our portal.

Also, we recruited many wonderful people who work every day to ensure that the shark conquers the crypto space as professionally as possible. We are not just floating, but gaining momentum, giving a screw to our spacecraft and setting new goals.

Our team improves the content and focuses on reliable sources from different parts of the world to be the first to tell the most recent and interesting information, wrapping it in a mixture of unique space characters and comics.

We celebrate our new victories: our publications are gaining their own views records, we are invited to top world conferences dedicated to cryptocurrency and ICOs, John McAfee and Forbes CryptoMarkets read our news, we more and more  are distinguished among thousands of other media outlets about cryptocurrency.

Thank you for sharing our journey in the crypto space. In the end, but for you, dear readers, The Coin Shark simply would not exist.

Since the launch, The Coin Shark has been maneuvering every single day up to this day. And most importantly – we still have a full tank 🙂

Welcome to our cryptospace!

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The Hard Fork of Bitcoin Cash: What Will Happen and Who Will Talk About It?

The crypto community is getting snacks and drinks ready on the verge of one of the most important crypto events of 2018: the hard fork of Bitcoin Cash which will take place today, November 15, at 16:40 UTC.

First things first, let us remind you that the upcoming fork has gathered two “camps”: the supporters of BCH ABC (developed by Bitcoin ABC) and the supporters of BCH SV (developed by nChain) – two different versions of the new BCH protocol.

Here are some major crypto personalities that will talk about the fork as it goes along:

BCH ABC supporters:

Roger Ver, a crypto enthusiast and BTC investor. Twitter: @rogerkver

– Jihan Wu, the CEO of Bitmain: Twitter: @JihanWu

BCH CV supporters:

– Cobra, the founder of bitcointalk.org. Twitter: @CobraBitcoin

– Calvin Ayre, the owner of the mining pool CoinGeek. Twitter: @CalvinAyre

When you are done with reading tweets of the specialists, you can go to the platform Fork Monitor which will inform you when the actual fork takes place.

Afterwards, crypto exchanges will start listing the newly-emerged coins, whereas the spread of them can be tracked here.

The crypto community has mixed feelings towards the hard fork of Bitcoin Cash. The specialists are still unsure whether its affect will be mostly positive or negative, but what they all do believe in is that it will definitely have a large impact on the whole industry.

We remind you:

Poloniex Will Become the First Crypto Exchange to Offer Trading with the Upcoming Hard Fork of Bitcoin Cash

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CEO of Coinbase Joins Billionaire List

Despite the fact that the cryptocurrency market an all-time fell apart for the past day, some still manage to hold their positions.  A notable example is the 35-year-old CEO of an American cryptocurrency  company Coinbase, Brian Armstrong, which, according to Forbes, became a billionaire.

The end of October Brian finished with another attracting investments for his company. The amount of collected funds stood at 300 million dollars with an estimate of 8 billion. Based on evaluation, Armstrong’s  share equals to 1.3 billion dollars. In January, Forbes held an estimation of Armstrong’s capital, which varies from 900 million dollars to 1 billion.

It is quite possible, that Armstrong’s personal cryptocurrency holdings received a financial hit, due to the fall in value of BTC, ETH and other cryptocurrencies in recent years. This fact Brian did not commented to Forbes.

Coinbase was founded in 2012. The main headquarters is located in San Francisco. Today, the company steadily conquers and strengthens the leading positions as the largest cryptocurrency exchanger and the US Exchange.  This year, all services owned by the company have about 20 million users, 1.3 billion dollars of revenues. The main revenue stream the company extracts from the commision, which is set for an operation. That is why, the fall of the crypto industry is unnoticeable for Coinbase. The company continues to develop in front of collapse of the stock market.

Within the last investment wave, the company had attracted Tiger Global Management, Wellington Management, Andreesen Horowitz, and other major investors. Coinbase stated, that the remaining 300 million dollars will be spent on enhancement of global connections between fiat and digital currencies.  

We want to remind you:

Coinbase Exceed $8B in Valuation Becoming One of Its Kind In the Whole Crypto Space

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Chinese Miners are Disconnected From the Grid

According to the CNN, due to tax inspection, Chinese establishment have suspended their work.

The Ministry of Public Safety (China) demand that the mining farms,  which are located in the Chinese provinces of Xinjiang and Guizhou, accept the agreement that they will work in accordance with the new, tough rules. The requirements include the denial of services of unregistered  clients.
During the audit,  mining farms were disconnected from the grid, as a result they lost 1 million yuan daily, about 143 700 dollars.

The Tax Inspectorate has already completed the investigation, but the power supply to mining farms still has not been connected.

It should be reminded, we reported earlier that Chinese Middle School Managers were mining Ethereum.

Administartion of Chinese Secondary School Was Mining Ethereum: Details of Crime

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