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US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines
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Recently, I read a research article about Shopify Search at https://www.reddit.com/r/ShopifySEO/comments/gwa4rj/shopify_search_engine/ . I want to supplement my research, but the comment has a maximum of 10,000 words, so I would like to separate it into a separate topic for more complete discussion.
Search engines are programs that search for data and information for a particular keyword and return a list of documents related to the keyword searched. A search engine is basically a class of software and programs, but today people often describe search engines as websites like Google, Bing, Yahoo, etc.
Web Search Engines
Common types of Search Engines
How do search engines work?
1) Crawling
2) Indexing
3) Ranking & Retrieval
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Latest Bitcoin News:
Bitcoin, gold most likely assets to thrive in 2020, new report claims
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Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
Latest Bitcoin News:
Latest ETF Rejection Further Entrenches SECs Bitcoin Rift
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
I have been using my previous provider for years and they went offline over the weekend. Joined another on Sunday and they are gone yesterday :-( I am looking for recommendations.
I'm interested in English channels (Can, US, UK), Catch UP option, VOD, M3U Support, 2 Concurrent Links, and a decent guide (reliable) and payment via Credictcard or Paypal (not bitcoin). Want to trial first. I appreciate all the help and support.
Latest Bitcoin News:
VanEcks MVIS and CryptoCompare Launch Bitcoin Benchmark Rate
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
More Wall Street Breakfast Podcasts » "Despite several issues of importance - national riots, Chinese relations, an ongoing pandemic - the stock market is primarily focused on a single thing: the restart of U.S. and global economic activities," said Jim Paulsen, chief investment strategist at the Leuthold Group. The sentiment led S&P 500 futures to tack on another 0.6% gain overnight as Dr. Anthony Fauci expressed renewed "optimism" about a coronavirus vaccine. On the economic calendar, the ADP Employment Report today will give a fresh read on the extent of the COVID-19 pandemic, while oil climbed 2% on anticipated output cuts at the upcoming OPEC+ meeting.
Come on and Zoom!
A surge in video conferencing usage saw revenue growth at Zoom (NASDAQ:ZM) jump 169% to $328.2M as the company reported top and bottom line beats for Q1. Zoom also doubled its revenue guidance for the year, pushing up shares as much as 4.5% in AH trading on Tuesday. In keeping with its previous practices, the firm didn't disclose active user numbers, though analysts at Bernstein estimate Zoom's mobile app had 173M monthly active users as of May 27, up from 14M on March 4.
Zuckerberg stands firm after walkout
Facing internal unrest over the company's gentle approach to moderating posts from President Trump, Facebook (NASDAQ:FB) CEO Mark Zuckerberg told employees he stood behind his decision, one he called "tough" but "pretty thorough." Policies will be reviewed to see if they need to change for the future. Facebook employees particularly took issue with a post by Trump that threatened violence, including the words "when the looting starts, the shooting starts." Similar posts on Twitter (NYSE:TWTR) were flagged for violating policy.
Apple is tracking looted iPhones
Thieves who made off with iPhones from Apple (NASDAQ:AAPL) retail locations in New York, Los Angeles, Minneapolis, Washington and Philadelphia quickly learned that they were loaded with special security software. On-screen messages displayed: "This device has been disabled and is being tracked. Local authorities will be alerted." The social unrest sweeping across the nation comes just as Apple is in the process of opening more than 100 stores following an extended closure due to the coronavirus pandemic.
Digital taxes
The Trump administration is opening a "Section 301" investigation into taxes on digital commerce - proposed by a range of trading partners - that could affect revenues booked by tech giants like Facebook (FB), Google (GOOG, GOOGL) and Amazon (NASDAQ:AMZN). The move could ultimately lead to punitive tariffs and heighten the chances of another global trade dispute. France already agreed to postpone its new digital tax until at least the end of 2020 after the U.S. threatened to impose tariffs of up to 100% on imports like French wine, cheese, handbags and porcelain.
Will negative rates be needed?
Many have doubted that the U.S. could go negative like Japan and parts of Europe, but St. Louis Fed economist Yi Wen says that's what it would take to achieve a V-shaped economic recovery. "I found that a combination of aggressive fiscal and monetary policies is necessary. Aggressive policy means that the U.S. will need to consider negative interest rates and aggressive government spending, such as spending on infrastructure." Wen cited historical examples like President Roosevelt's aggressive fiscal stimulus package during the 1930s and huge surge in government spending once World War II began.
Britain news roundup
The Shanghai-London Connect program, years in the making, has so far produced only one listing - Huatai Securities (OTCPK:HUATF) - which raised $1.5B last June. China's market regulator has now approved a fresh listing for China Pacific Insurance (OTCPK:CHPXY), signaling a revival of the program. While the ties could bring the nations closer, other news overnight may go in the other direction. Boris Johnson pledged to let into the country nearly 3M Hong Kong citizens - who are British overseas passport holders - due to China's new national security law, and place them on a possible path to U.K. citizenship.
Drug shortages
One of the most widely prescribed antidepressant medications in the U.S. has fallen into short supply, according to a new list from the FDA. Pfizer (NYSE:PFE) said some versions of its name-brand Zoloft, such as 100 milligram tablets in 100-count bottles, were scarce because of higher demand during COVID-19, while generics faced shortages of certain ingredients. Zoloft prescriptions climbed 12% Y/Y to 4.9M in March, the most ever in the U.S., according to data compiled by Bloomberg, but receded to 4.5M in April.
M&A activity
French luxury goods group LVMH’s (OTCPK:LVMHF) $16.2B takeover of Tiffany & Co (NYSE:TIF) is looking less certain, according to Women's Wear Daily. It's the latest big merger said to be on the rocks amid a deteriorating situation in the U.S. market brought on by a COVID-19 pandemic and severe social unrest. Further challenges include spending pattern shifts, the collapse of international tourism and trade tensions between Washington and Beijing.
'Biggest Sale in the Sky'
After postponing its annual Prime Day event due to COVID-19, Amazon (AMZN) is reportedly setting up a "summer sale" for June to boost sellers hurt by the outbreak and swimming in inventory. The company told brands it would launch a fashion sale June 22, to run anywhere from 7-10 days, and that participation in the event was "invitation only." It's building landing pages with a working title "Biggest Sale in the Sky," and has asked brands to meet an end-of-Wednesday deadline to submit deals with a discount of at least 30%.
What else is happening...
Sports betting to the rescue in California?
Twitter (TWTR) names Pichette as new independent chairman.
Google (GOOG, GOOGL) faces $5B lawsuit over 'private' internet use.
FAA boss to testify at Senate hearing on 737 MAX (NYSE:BA).
Lyft (NASDAQ:LYFT) trims loss forecast after May rides jumped 26%.
Tuesday's Key Earnings Ambarella (NASDAQ:AMBA) -3.7% AH on light revenue guidance. CrowdStrike (NASDAQ:CRWD) +6.2% AH following a beat-and-raise. DICK'S Sporting Goods (NYSE:DKS) +3.7% as e-commerce sales rose 110%. Zoom Video (ZM) +1.4% AH posting Q1 beat, aggressive outlook.
Today's Markets In Asia, Japan +1.3%. Hong Kong +1.4%. China +0.1%. India +0.6%. In Europe, at midday, London +1.5%. Paris +2%. Frankfurt +2.2%. Futures at 6:20, Dow +0.8%. S&P +0.6%. Nasdaq +0.5%. Crude +1.7% to $37.43. Gold -0.6% to $1724.40. Bitcoin -5.6% to $9527. Ten-year Treasury Yield +3 bps to 0.71%
Today's Economic Calendar Auto Sales 7:00 MBA Mortgage Applications 8:15 ADP Jobs Report 9:45 PMI Services Index 10:00 ISM Non-Manufacturing Index 10:00 Factory Orders
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Bitcoin’s current fee rally has stalled and symptoms of indecision are glaring within Coinbase Support Number 1833-922-1996 marketplace only a week after a huge bullish breakout.
Coinbase Support Number 1833-922-1996 leading cryptocurrency closed at $five,a hundred ninety on April 7, confirming an upside spoil of a bearish channel – Coinbase Support Number 1833-922-1996 identical sample that paved Coinbase Support Number 1833-922-1996 manner for a bull market in 2015.
So a long way, but, Coinbase Support Number 1833-922-1996 observe through to that bearish-to-bullish fashion exchange has been anything however bullish.
Coinbase Support Number 1833-922-1996 cryptocurrency witnessed -manner enterprise last week, clocking a high and low of $5,347 and $four,912 before closing nearly flat at $5,162.
So, Coinbase Support Number 1833-922-1996 rally appears to have stalled due to Coinbase Support Number 1833-922-1996 following 3 elements:
Bitcoin’s 14-day relative electricity index (RSI), a broadly followed technical indicator, jumped above 70.00 on April 2, signaling overbought situations as Coinbase Support Number 1833-922-1996 rate jumped over 18 percentage to highs above $five,000.
With Coinbase Support Number 1833-922-1996 charge mountaineering furCoinbase Support Number 1833-922-1996r to a 4.Five-month high of $five,345, Coinbase Support Number 1833-922-1996 RSI rose to close to ninety degrees, Coinbase Support Number 1833-922-1996 highest due to Coinbase Support Number 1833-922-1996 fact that December 2017.
An extreme overbought analyzing is considered a signal Coinbase Support Number 1833-922-1996 rally is overdone and is commonly accompanied by using a response – a rate pullback or a consolidation, as is Coinbase Support Number 1833-922-1996 case currently with bitcoin.
Prices Coinbase Support Number 1833-922-1996n made numerous failed attempts to convincingly scale $five,300 within Coinbase Support Number 1833-922-1996 eight days earlier than a drop to $4,912 on April 12.
Bearish extent divergence
Bitcoin’s 24-hour buying and selling extent across all cryptocurrency exchanges, as calculated with Coinbase Support Number 1833-922-1996 aid of CoinMarketCap, doubled to $21 billion on April 2, validating Coinbase Support Number 1833-922-1996 bearish-to-bullish fashion trade signaled through Coinbase Support Number 1833-922-1996 damage above Coinbase Support Number 1833-922-1996 key resistance of $four,236 and Coinbase Support Number 1833-922-1996 rally to $five,000.
As Coinbase Support Number 1833-922-1996 cryptocurrency extended gains furCoinbase Support Number 1833-922-1996r to a fresh four.Five-month high of $5,347 on April eight, although, trading volumes tapered off to $17 billion, reinforcing Coinbase Support Number 1833-922-1996 overstretched situations mentioned by means of Coinbase Support Number 1833-922-1996 14-day RSI.
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Coinbase Support Number 1833-922-1996 financial markets regularly test customers’ solve by revisiting former resistance-turned-aid before building on a first-rate bullish breakout. And that seems to be Coinbase Support Number 1833-922-1996 case right here.
For instance, Coinbase Support Number cleared Coinbase Support Number 1833-922-1996 one hundred-day transferring average (MA) hurdle on Feb. 19. Coinbase Support Number 1833-922-1996 newfound guide, but, became put to test a couple of times in Coinbase Support Number 1833-922-1996 10 days to March 4 before a sustained flow better.
Coinbase support number 1833-922-1996 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.
To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Coinbase support number 1833-922-1996 brand.
Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Coinbase support number 1833-922-1996's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Coinbase support number 1833-922-1996 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.
There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.
Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Coinbase support number 1833-922-1996's headquarters?
This seemingly simple question is actually more complex. Until February, Coinbase support number 1833-922-1996 was considered to be based in Malta. That changed when the island European nation announced that, no, Coinbase support number 1833-922-1996 is not under its jurisdiction. Since then Coinbase support number 1833-922-1996 has not said just where, exactly, it is now headquartered.
Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.
The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Coinbase support number 1833-922-1996 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.
"Wherever I sit, is going to be the Coinbase support number 1833-922-1996 office. Wherever I need somebody, is going to be the Coinbase support number 1833-922-1996 office," he said.
Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"
Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.
Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."
Zhao said Coinbase support number 1833-922-1996 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."
"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.
Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.
"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.
"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.
It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.
In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”
President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.
But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.
Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.
Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.
Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.
Yes, freedom matters
Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”
Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.
Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.
Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.
Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.
The excluded
But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.
An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.
Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.
And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.
Caring about privacy
Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.
Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.
To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.
But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.
Let’s talk about this, people.
A missing asterisk
Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.
So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.
Coinbase support number 1833-922-1996 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Coinbase support number 1833-922-1996 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.
Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Coinbase support number 1833-922-1996, announced that the exchange had frozen the funds. He also added that Coinbase support number 1833-922-1996 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.
What is double-spending? To understand what double-spending means, we must first understand how a blockchain network works. All cryptocurrencies use what is known as a blockchain. It is essentially a chain of blocks where each block is made up of digital information about transactions. Bitcoin and other cryptocurrencies cannot be forged because the blockchain is public and immutable. Because of a consensus algorithm each chain has, it is almost impossible for someone to form a transaction or block.
Picture this, James sends Kate 4 Bitcoin. This transaction is made public, and everyone receives information about it. Also, the transaction has to be verified. If James doesn’t have 4 Bitcoin, the verification will fail, and Kate will not receive any Bitcoin. The verification process happens through the consensus algorithm.
Double-spending happens when an attacker spends the same funds twice. For example, if James sends 4 Bitcoin to Kate and also to Alex at the same time, only one of the transactions will be confirmed. This problem is easier to solve on centralized systems; if there is a central institute like a bank, it can take charge of the problem. However, since blockchain is decentralized, there is no specific one responsible for the double-spending attack.
Even though the consensus algorithm partly prevents double-spending, unfortunately, this cannot be the final solution as the problem can still occur. Theoretically, if someone were able to hold more than 50% of the mining power available, he or she would have the ability to overturn network transactions and may make double-spending valid.
Although this might seem unlikely, it can happen for real. In 2014, the mining pool Ghash.io obtained 51% of Bitcoin’s hashing power but capped their power at 39.99% to increase the trust in the network. However, this event raised significant concerns about the safety of the network, as most mining power seems to be in control of a few parties only.
Other cryptocurrencies have suffered 51% attacks, Bitcoin Gold, for example, was hit by a 51% attack in 2018 and just recently in 2020.
FLETA is a blockchain-based platform for the creation of decentralized applications. FLETA employes an innovative sharding model where each shard operates individually and independently. Each DApp on the FLETA network operates independently and doesn’t rely on other DApps as it has its own sub-chain.
Because each chain operates independently in a parallel structure, data is not shared between the chains, and chains are not affected by each other. For this reason, double spending is not feasible and provides a high transaction speed.
Also, FLETA’s consensus algorithm, PoF(Proof-of-Formulation), prevents the double-spending problem. Its mining node, Observer Node, confirms a generated block real-time, and confirmation of 3 out of 5 observer nodes is necessary. This system eliminates the possibility of double-spending.
Although the initial consensus mechanism works, it is not entirely secure against double-spending attacks. A 51% attack has been shown to be achievable even in cryptocurrencies.
FLETA has been able to create an innovative sharding model that allows each chain to operate independently. Moreover, its PoF consensus algorithm confirms a block systematically in real-time. Thanks to them, FLETA is free from the double-spending issue.
My wife's work shut down 3 months ago because of COVID 19. She has been getting unemployment checks, but those may be running out soon. I was still working until now, but now my workplace been burnt down by black lives matter rioters, and now I am out of a job. We have 3 kids and they haven't been in school for 3 and a half months because of COVID. I've called all of my local businesses and literally 0 businesses are hiring, most are downsizing. We have about 2 months worth of income in savings, but who knows when things get back to normal.
GreenAddress is an open source wallet which permits changes and modifications. Since its turn of events, there are numerous benefactors who have improved the code for creating something better.With this wallet, the clients are not permitted to store their keys. GreenAddress stores the private keys and guarantees wellbeing. The outsiders can't have any power over your assets and in this way, your assets are totally protected. The more made sure about and scrambled your private keys are, the more secure your funds.
GreenAddress is an effective Bitcoin wallet that ought to be at the highest priority on the rundown for all Bitcoin holders who are not kidding about security. The facts confirm that for most everyday clients, the propelled highlights of GreenAddress may appear pointless excess, nonetheless, when the wallet has been designed, it's similarly as simple to use as some other result of this sort. For customer support contact our support number +(810) 355-4365 GreenAddress Support Number .
Latest Bitcoin News:
Bitcoin ATMs Face Tighter Regulations Over Money Laundering
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
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At Bithumb Global, we have always endeavored to create a digital assets ecosystem that is not only secure but also friendlier. In line with this philosophy, we have now launched Smart Tokens on our trading platform. The Smart Token that was initially launched was the BTCS (1x short Bitcoin), which users can benefit from during bear market conditions. The opening price of each smart token is $100usdt.
Apart from BTCS, Bithumb Global exchange’s platform has listed other new Smart Tokens like LTCS, XRPS, and ETHS, corresponding to Litecoin, Ripple and Ethereum tokens, respectively. All these tokens work on similar principles. Users can have access to this service either through the Bithumb Global app or our website.
Moreover, these are far less risky than derivatives and other leveraged tokens. These do not have any risk of blowing up; they do not come with an expiry date since they are a spot product. The holders of these Smart Tokens will be able to liquidate these anytime on the secondary market.
The Nature of the Bithumb Global Smart Tokens
The Smart Tokens are primarily tradable assets. We have designed them to give the users leveraged access to certain underlying assets, like BTC, ETH, or XRP. Nevertheless, the BTCS tokens are designed to be much easier to operate than the conventional processes of handling margin trading or short selling positions. We have made the entire process easy and seamless and have spared the user all the details and the tedious process, along with the high fees and substantial risks involved in the sophisticated trading processes.
The transaction fee for Smart Tokens is 0.1% and it has a daily management fee of 0.05%, which is very low. And the holding cost, therefore, becomes minimal.
The non-crypto counterpart of the Bithumb Global’s Smart Tokens is Exchange Traded Funds (ETFs). These allow investment in a certain set of stocks. This makes them more easily tradable, although they might contain a diverse set of financial instruments and commodities. They are also similar to mutual funds in terms of their structure. But unlike Mutual Funds, ETFs, as the name suggests, are traded through the exchanges.
Many leveraged tokens are on the blockchain and therefore can be traded on different markets but the Bithumb Global Smart Tokens being off-chain are to be traded within our exchange platform. While this reduces the liquidity of the tokens, it increases their stability and makes them immune to distress selling and other shocks.
A rebalancing mechanism is required for the smooth functioning of the Smart Tokens. These mechanisms are run by algorithms that help the system maintain the target leverage, which is 1x for all the Smart Tokens. The algorithm acquires or gets rid of additional positions in order to meet the target leverage at any point in time when the leveraged exposure is higher or lower than the target leverage. Being implemented through an algorithm, this is a very transparent process, which does not need to be driven by any human intervention. The change in the basket is also made public after the rebalancing.
But there arises one important question in this respect; about how safe will a person’s holdings remain post a balancing event? While it is very safe, in certain dramatic market events there can be some risk of the users’ holdings getting highly devalued because of this market crisis, which is true for any tradable asset in the financial markets. However, in the case of a leveraged token, not only are the profits leveraged but so are the risks.
Cost-Benefit Analysis of Smart Tokens: Is This the Financial Product You Need?
If you are looking to invest in crypto, but do not know the nitty-gritties of the market, a Smart Token might be the right product for you. If you are not a full-time investor and are looking for only a short time investment, Smart Tokens can leverage the value and opportunities of crypto assets for investment. But for a long-term investment, due to all the charges, and the rebalancing mechanism it might not be worth the risk. Therefore, prior knowledge about the risks involved in the products needs to be considered by all prospective investors before investing in the Smart Tokens.
Nevertheless, for the amateur and the newbie, the opportunities outweigh the risks by far. Our expert team is dedicated to selecting the best basket of investment and designing the algorithm in a way, that the investors have the best outcomes possible in all market situations. In this respect, this is a perfect product for anyone trying to acquire a short or medium term, short selling position in crypto assets. And even for long term investment, a seasoned investor by taking note of the minute details of the product can land a long-term gain.
