I discuss the crypto markets and this time I am talking about the coming bull market and how to diversify a little so that you can get full advantage of the price appreciation that will follow soon.
I just posted the latest episode of Crypto Corner – the video podcast where I discuss the crypto markets and this time I am talking about the coming bull market and how to diversify a little so that you can get full advantage of the price appreciation that will follow soon. Take a look.
🚩My book “Crypto Jargon A to Z” – the most comprehensive dictionary to date is out now.
Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: www.ojjordan.com/cryptojargon
Mero (MRO) Currency token holders beware: there will be a re-branding of MERO taking place on November 20 (2019)
Mero (MRO) Currency token holders beware: there will be a re-branding of MERO taking place on November 20 (2019) and all token holders will be required to swap their current ERC20 tokens for the new, mineable tokens named Bitcoin Token (BTCT).
I can only assume that this re-branding has to do with the falling popularity of the Mero token which started as a deflationary token and made some buzz in the airdrop-loving crypto community. The token was given mainly in the form of airdrops and bounties and it had a potential of price appreciation which sadly did not come to fruition.
The project developers had in mind that the token could switch to a mine-able coin some time in the future and as we see, this is going to happen on November 20th.
Currently you can exchange MRO tokens on these three exchanges:
Should you care to go for the token swap, you will receive the new tokens on 10:1 ratio and only one exchange is in charge with this token swap (for now). That exchange is Altilly.
Here is the official announcement as seen on the BTCT medium page:
“Dear MRO Token Holders,
We are excited to announce a consensus amongst the developers of Mero Currency that we are re-branding and moving to our own hosted blockchain. MRO will be rebranding to BTCT (Bitcoin Token).
When will the swap take place?
This swap will take place on November 20th, 2019. The swap will be automatic on the Altilly platform chaning all MRO to BTCT at a ratio of 10:1. We believe this is fair value as the Bitcoin Token blockchain will have more value being a minable coin.
Please We Advice each and Everyone of you to make sure your MRO Tokens are moved from your Private wallet to Altilly Exchange well ahead of the swap time. Note, any tokens left after Nov 20th in coinomi, mew or any other exchange will not be able to be swapped for BTCT.
We are excited that this move will garner more value for your investment as well as enable more community involvement and developer involvement in the project.
We are giving all MRO token holders time to move their tokens to a centralized exchange (Altilly) where the swap will take place.
P.S. In light of this change we are slowly starting to re-brand our social profiles (Telegram, Twitter, Github) to the new Bitcoin Token branding (BTCT).”
I hope this news comes to you just in time to take action. The MRO price surged shortly after this announcement but that was short-lived. You can choose to sell your tokens in the build-up to the token swap or join the Altilly exchange and move your coins there so that you can get the automatic token-swap. I personally will sell. Either way, it is important that you do not keep our MRO tokens in Coinomi (the wallet that was originally recommended for MRO hodlers) because after Nov 20th, you will not be able to swap them from there, so take action asap.
Welcome to Crypto Jargon.
In this article we look at the following terms:
BLOCK
BLOCK SIZE
BLOCK HEIGHT
BLOCK TIME
BLOCK TIMESTAMP
BLOCK REWARD.
So, let’s start with what is a Block.
Simply put, this is a file with digital data, predominantly the most recent transactions of a cryptocurrency. As new blocks are created and processed, they’re interlinked with the previous blocks into what is known as a blockchain.
Block Size as you can easily guess from the name, is the capacity of each of these blocks (aka files) and that will vary from one cryptocurrency to another. For instance, Bitcoin’s block size capacity for the most part of its lifespan has been 1MB which some people do not agree with and they branched off in 2017, creating Bitcoin Cash which now has blocks of 32MB size each.
Block Height refers to the number of blocks connected together in the blockchain. It is the number of blocks between itself and the genesis block. The genesis block has a height of 0… In other words, we can say it’s the block number in the blockchain sequence although the correct term is not number, but Height.
Block Time is literally the time it takes to generate a new block on a blockchain. That is different for every cryptocurrency, for Bitcoin that is every 10 minutes, for Litecoin it is 2.5 minutes, while for Ethereum it varies but it’s usually under 15 seconds.
Block Timestamp is the record of when a block was created and transactions were processed.
And Block reward is basically the “payoff” (reward) given to a miner who has successfully calculated the hash in a data block during the mining process. Block rewards can be a mixture of coins and transaction fees, depending on the policy used by the cryptocurrency in question.
With Bitcoin, that reward is halved every 4 years, it started as being 50 coins per block back in 2008, then in 2012 that was halved to 25 coins per block, in 2016 it became 12.5 and in 2020 it will be halved again, to 6.25 coins per block. This is programmed in the Bitcoin code and it’s intended to create less supply over time, thus reducing the risk of deflation in value. This is how I can tell you that the last full Bitcoin will be mined in 2032 and the last satoshi will be mined in the distant future – the year is 2140.
As you probably know I also post these definitions on my YouTube channel, here’s my episode with today’s terms:
If you liked this article, you will most certainly love my eBook “Crypto Jargon A-Z” – this is the most up-to-date publication of its kind. With over 700 terms, acronyms and trading slang, it contains everything related to cryptocurrencies and blockchain tech – all the complex terminology we use in media articles, blogs, forum chats, social media posts and of course video content too so go check it out on Amazon at one of the following links:
The Crypto Corner Video Podcast Ep:78
Hosted by OJ Jordan, serving you the latest news commentary, market analysis and interviews with industry professionals.
The Crypto Corner Video Podcast Ep:78
Visa, Mastercard, Stripe, eBay and Mercado Pago exit the Libra Association
U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet regulatory standards.
Speaking on CNBC, Mnuchin said that if Libra wouldn’t meet US money-laundering standards via the Financial Crimes Enforcement Network, it could open them up to enforcement actions.
“I think they realized that they’re not ready, they’re not up to par,” Mnuchin said. “And I assume some of the partners got concerned and dropped out until they meet those standards.”
The withdrawals were followed by a draft report from the G7 working group on the global stablecoins, evaluating projects like Libra as a potential threat to the international financial stability due to regulatory challenges. These challenges are in fact the central banks manipulation to suppress competition and not really about protecting customers I must say. The Libra cryptocurrency payments project is shaking up central banking, according to the head of Sweden’s central bank which is also working on creating e-krona in the near future .
Speaking on CNBC Riksbank governor Stefan Ingves said the Facebook Libra project has been an “incredibly important catalytic event” forcing central bankers to reconsider their primary product: money.
SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws
The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday.
The statement, signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton, “reminds” actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.
reported by Coindesk
Hacked Crypto Exchange Cryptopia, Gets Liquidated; Sold Assets Will Help In Repaying Traders
Cryptocurrency exchange Cryptopia suffered a business-ending hack earlier this year when cybercriminals looted the firm of more than $16 million worth of Ethereum and ERC-20 tokens.
The hack continued for several days after the breach was discovered as it appears Cryptopia lost access to wallets. Part of the stolen funds that were transferred to Binance, the world’s leading crypto exchange by volume, has been frozen. It is still unknown how the exploit was carried out, or by whom, as the investigation by New Zealand police and international authorities continues.
When the hack was discovered the Company closed the exchange for trading. The Company then decided to reopen the exchange for the trade of certain crypto-assets in March 2019 and continued to trade through to the date of Liquidation. However, trade volumes were insufficient for the Company to meet its debts as they fell due and it was decided the appointment of liquidators was in the best interests of customers, staff and other stakeholders.
A report by Cryptopia’s liquidator, Grant Thornton, Cryptopia still owes its creditors a total of $4.22 million.
Poloniex delists 6 coins
Trading for Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME), LBRY Credits (LBC), and Clams (CLAM) has permanently disabled on Poloniex. Please withdraw any balances in these assets prior to the dates below.
October 28th at 16:00 UTC: LBC withdrawals will be permanently disabled.
November 15th at 16:00 UTC: PASC, STEEM, NAV, GAME, and CLAM withdrawals will be permanently disabled.
Next Bitcoin Halving Is 211 Days Away; With Smaller Miners Pushed Out How Will BTC Price React?
Bitcoin is about to halve its rewards soon and the crypto community is speculating about what will happen. After the two first halvings, which occurred in 2012 and 2016, another one is being expected for 2020. Both times that the rewards were halved before marked the beginning of a bull run that took the network to new highs.
Last week, several miners reunited at the World Digital Mining Summit, which was organized by Bitmain in Frankfurt. During the event, the co-founder of Bitmain, Jihan Wu, seemed pessimistic about the halving.
Wu pointed to Litecoin, which had it’s rewards halved some weeks ago. The price of the asset went down, not up. Litecoin’s price went from $31 to $135 USD during the year and then fell again to $57 USD after the halving. Could something similar happen to Bitcoin?
He also affirmed that people didn’t know what to expect during the first and second halving, but now people are betting that the price will go up. If it does not, there is a big possibility that the market sentiment may turn sour.
Another reason why this might be bad news, is that several ASIC miners will not be profitable to use anymore. The Antminer S9, for instance, was a very popular model, but it is barely able to make a profit now, so after the halving, the situation might become worse.
Satoshi, bitcoin’s smallest unit, is now added to Oxford English Dictionary
The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update this month.
The OED defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.”
The announcement follows the December 2014 update that saw “bitcoin” added to the respected resource. It defines bitcoin as “a digital currency in which transactions can be performed without the need for a central bank.”
In the latest quarterly update, the OED has also added the word “cryptocurrency” to its database, reports yahoo finance.
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🚩My book “Crypto Jargon A to Z” – the most comprehensive dictionary to date is out now. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies. Grab your copy today.
🚩The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: http://www.ojjordan.com/cryptojargon
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
🚩The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: http://www.ojjordan.com/cryptojargon
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
Here are 20 things about Bitcoin that every investor and crypto enthusiast should know.
This is a video I published some time ago on my Youtube channel where you will find tons of great crypto content so make sure you check out the other videos there. I also run a regular video show called Crypto Corner and you can get up to date news and my analysis if you subscribe (and don’t forget to notification bell so you get alerts when I post new episodes.)
To keep up to date with the latest crypto news check out my “Crypto Corner Daily” (ePaper) – http://bit.ly/2HaC1c7
If you are new to Bitcoin, Ethereum or crypto in general, you might find it hard to get your hands on some at first so here is a list of the most popular websites to buy crypto:
►Coinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join
🔑My Top hardware Wallet for Crypto Ledger Nano S supports all the crypto assets that represent 90% of the total market cap? (hardware, offline wallet) : http://bit.do/ledgerNano
also, check out my tutorial on How to set it up: https://youtu.be/c8e63ZNqdLQ
Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
🚩The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
🚩The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
