Author: changehero
June 28, 2019

Brief Survey The cost of Bitcoin has been rising for the fifth month in a row, only in June, it went up by 47%, and in the second quarter of 2019 — by 255%. The current situation is similar to October 2017, when in three months the rate of the first cryptocurrency rose by 364%, from $4.327 to $20.093. Nevertheless, […]

All of these questions concern everyone! In February of this year, the first cryptocurrency cost $3.400. Less than 6 months passed, and the price rose to $13.800. What should we expect in the next few months? Has time come to join the investors’ row? ChangeHero team has made a research to find out what will happen to the coin in the future and when the altcoins begin to gain momentum.

Brief Survey

The cost of Bitcoin has been rising for the fifth month in a row, only in June, it went up by 47%, and in the second quarter of 2019 — by 255%. The current situation is similar to October 2017, when in three months the rate of the first cryptocurrency rose by 364%, from $4.327 to $20.093.

Nevertheless, against the news of the launch of Libra from Facebook, CFTC approval for the launch of LedgerX deliverable Bitcoin futures and the closing of its short positions by most institutions, the market capitalization again exceeded $334.5 billion with the BTC domination index 62.5%.

Experts and analysts believe that the selloff was triggered by a hack attack on a Singapore-based cryptocurrency exchange referred to as Bitrue. Bitcoin corrected towards $11.000 but formed a low at $11.293. A shallow correction is underway with Bitcoin reentering the $12.000 level.

Also, there are favorable conditions for the growth of altcoins. Investors are still afraid of a strong correction of the BTC rate — and this is certainly a possibility. Strong support is now the level of ~ $10.000. However, after confidently consolidating above $12.000, altcoins will be able to grow by 30–50% per week — they will need to make up and be ahead of the gap with the rate of the first cryptocurrency.

The Market Survey

As of July 28, the cryptocurrency market, after having updated the maximum and reached $386 billion, showed a rather sharp decline. As a result of the correction, the capitalization indicator lost more than 16% of the maximum or about 11% compared to the values ​​of the environment and is currently in the region of $334 billion. The activity of the participants is high, the volumes are noticeably higher than the average.

Total Market Capitalization of Cryptocurrency industry

It is believed that the growth of Bitcoin first caused technical factors, and then market participants began to pay attention to the positive news. Among these, experts singled out the announcement of the Libra project from Facebook and obtaining a license for an authorized derivatives market (DCM) by LedgerX LLC. Also, a sharp rise in the price of Bitcoin coincided with the weakening of the yuan due to the escalating trade conflict between the United States and China. Experts believe the correlation at this time was high.

Has Time Come To Join The Investors’ Row?

According to the positive forecasts of many crypto analytics, now the first cryptocurrency is moving in the direction of $13.500- $14.000. Correction can begin at any time, but given the growth rate gained, buyers will buy out all the falls and quickly recover losses.

“Bitcoin will cost $1 million!” — Jesse Powell, the head of the Kraken exchange, believes that the value of the coin will increase tens and hundreds of times.

Jesse Powell about bitcoin correction
Source: Twitter

The head of the major cryptocurrency exchange Kraken Jessie is confident in the further growth of Bitcoin. In the evening of June 26, the value of the main digital coin reached an annual maximum of $13.739, after which it began to decline sharply and is now at $11.600. Despite a slight drop since the beginning of the year, the increase is 241%.

In the coming months, eToro analyst Simon Peters believes in the growth of the first cryptocurrency to the level of $100.000. In his opinion, Bitcoin will reach $20.000 in the next few weeks, after which it will be in the zone from $50.000 to $100.000 by the end of 2019.

The expert stressed that the current asset growth is associated primarily with institutional, rather than retail investors. According to Peters, even a Bitcoin correction will not prevent him from closing the first half of the year “on a positive note.”

“I’d say this year is a cryptocurrency Wall Street time and … we think cryptocurrency on the Bitcoin will be worth $30.000 at the year-end — it is limited.” — David Drake.

Drake is the founder of LDJ Capital, and his enthusiasm for the cryptocurrency isn’t limited to Bitcoin. Drake believes that Bitcoin will always retain its preeminence in the crypto sphere, but cryptocurrency, in general, is headed toward much more widespread acceptance.

Eventually, he said, hundreds of different cryptocurrencies may play an important part in the day-to-day life of the financial market.

However, there is always a place for pessimistic forecast, and one of the most pragmatic experts is Bill Gates, that says:

“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment… I agree I would short it if there was an easy way to do it.”

Gates has never been a fan of Bitcoin, famously pooh-poohing the coin he received as a birthday present years ago. While Gates declined to attach a dollar value or timeline to his prediction, the implication is that — sooner or later — the Bitcoin market will implode.

Ironically enough, the Bitcoin paper market is rapidly evolving, and there may yet be a simple way to short Bitcoin before Gates’ predicted market crash.

FoMO Affect?

Well, there are a lot of opinions and assumptions but most of them lead us to the inevitable positive forecast of Bitcoin growth. Almost all experts are confident that the coin will rise in price in the near future, but they warned that any growth should be accompanied by a correction.

To join the investors’ row now or to wait for the appropriate moment, it’s up to you! ChangeHero is always here to support any of your decision!

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Author: changehero
June 26, 2019

We all know that decentralization is the most happening thing in business. In recent years, Uber and Airbnb have created a huge impact in their respective industries using this market structure. Using the Ethereum protocol as a base, the district0x network has created a collection of decentralized marketplaces or communities, also known as “Districts” in the crypto […]

We all know that decentralization is the most happening thing in business. In recent years, Uber and Airbnb have created a huge impact in their respective industries using this market structure. Using the Ethereum protocol as a base, the district0x network has created a collection of decentralized marketplaces or communities, also known as “Districts” in the crypto community.

It also aims at resolving the coordinating issues and the inefficiencies that are found in the marketplace with an ultimate objective to create an ecosystem with no central authority. To keep it simple, the community governs the place.

What actually does district0x do?

Districts are the decentralized marketplaces and communities which are built on the d0xINFRA framework. All the districts have few basic functionalities such as:

  • postings and listings;
  • search and filtering;
  • ranking and reputation;
  • payments and invoicing.
District0x features

As per today, the district0x network has three districts which are unique in their purpose and functionality: Ethlance, Name Bazaar and Meme Factory. All the apps are open-source at Github.

Ethlance:

Nowadays, more and more people are willing to work independently without committing to a permanent job contract. Considering this trend, district0x has launched its first district in January 2017. Ethlance, a job market site for the freelancers in which the payments are made through Ether cryptocurrency.

Ethlance user interace
Ethlance

This service is distributed on the Ethereum public blockchain. It allows the user to create profiles either as an employee or employer. Users can list and apply to the positions, exchange feedback and invoices with each other.

No additional service charges are collected by Ethlance but the users are required to pay the cost of gas (literally a fuel to operate the blockchain) for advertising the profiles, posts, messages, feedback and invoices.

Name Bazaar:

At the end of 2017, district0x introduced the second district “ Name Bazaar”. It is a peer-to-peer marketplace for exchange of the names which were registered via Ethereum Name Service. Name Bazaar allows users to find unique names, buy and sell, and even request or track the status of names which were not registered yet.

Name Bazaar website
Name Bazaar
This service has laid the foundation for a secondary market for ENS names. Users have the option to buy named or participate in name auctions. Name-sellers have to create an offering by selecting the name and setting a starting price, minimum bid increase, and the duration of the auction. All these actions take place in the public Ethereum blockchain and with no additional fees to the sellers and buyers.

Meme Factory:

Who doesn’t like memes, they can either be used to crack a joke or even transfer some news quickly. district0x is now working on an interesting project with a funny side to it. It’s called “Meme Factory”, a marketplace to mint the tokenized memes and put them up for sale to the users.

Meme Factory user interface
Meme Factory

The platform uses a tool known as a “token curated registry”. This Registry is called the Dank Registry in which the users can submit their original work to Meme Factory and the token holders decided whether the meme makes it to the market or not.

What are the future plans?

Currently, district0x is working on an interesting project called district0x Education Portal. It helps the user to brush-up the fundamentals about the general topics in the field and one can also dive deep into the topic of interest. For the future projects, the district0x team is reaching out to the developer’s community in Github and encouraging them to come up with out-of-the-box ideas for new districts. Using the district0x Network Token, users can support the districts which they find good or willing to see in the near future and all this can be done using the District Proposal Voting dApp. Users will also have an opportunity to design and deploy their own district with the help of the District Creation Platform.

How to get access to district0x facilities?

DNT logo
DNT by district0x

district0x has developed a token called “district0x Network Token” (DNT) which allows holders to participate in contributing to the development of the network.

DNT enables the token-holders to do the following:

  • Facilitate participation and coordination in the development of the network;
  • Signal support or disapproval for the proposals of the network participants;
  • Stake their tokens to deposit pools which provide district-specific voting rights;
  • Vote on branding and design decisions of new districts.

On the whole, district0x is a network of decentralized apps and communities heading towards a decentralized ecosystem. Although the participants are not allowed to pay for the services in DNT, it plays a crucial role in empowering the users by giving them an opportunity to participate, support and develop new districts or dapps which in turn allows the users to avail the unique services offered. DNT arms the token-holders with the capability to control and monitor this process of decentralization.

How to get DNT the best way?

Users can obtain DNT on traditional exchanges and instant exchanges, like ChangeHero.

ChangeHero user interface old version
Get DNT with 0% fee on ChangeHero

ChangeHero provides users with a wide range of DNT trading pairs: DNT could be traded against 140+ coins and tokens. Moreover, users can buy DNT with VISA and MasterCard. There is no registration required and transactions flow really fast: it takes only 5–7 minutes for completion.

Twice a month all the users have a chance to exchange DNT with 0% fee at ChangeHero.

We publish interesting content on our blog. Also, follow us on TwitterFacebookReddit,  Telegram and Medium and get to know about the discount periods first!


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Author: changehero
June 19, 2019

Facebook announced the launch of in-development global cryptocurrency, called Libra, with the blockchain-based network that will support it. Libra cryptocurrency — backed by Mastercard, Visa and PayPal, which will allow people to transfer their money with little cost — is going to come to the market the next year. So far, it has enlisted 28 firms, who each […]

Facebook announced the launch of in-development global cryptocurrency, called Libra, with the blockchain-based network that will support it. Libra cryptocurrency — backed by Mastercard, Visa and PayPal, which will allow people to transfer their money with little cost — is going to come to the market the next year.

So far, it has enlisted 28 firms, who each invested a minimum of £8 million to be a founding member of the Libra Association, an independent not-for-profit membership organization. The partnership includes venture capital firms, nonprofit organizations, crypto firms, and massive corporate finance, telecommunications, and technology service providers, including Coinbase, Mastercard, Visa, eBay, PayPal, Stripe, Spotify, Uber, Lyft, and Vodafone. Libra Association wants to attract 100 businesses in time for launch — the first half of 2020.

Libra Association
Libra Association

Libra is open source, meaning anyone will be able to launch their own digital wallet and include the currency.

Libra Global role forecast

Libra, will be managed by an independent foundation via an encrypted blockchain ledger. But unlike Bitcoin, Libra will not try to displace the government financial regulation role.

Libra will be used mainly to transfer money between individuals in developing countries who lack access to traditional banks. Libra aims to create the first truly mainstream cryptocurrency: a stable decentralized global form of payment that can be used to buy almost anything and can support an entire range of financial products — from banking to loans and credit.

Libra is for the world
Libra: decentralized global stablecoin

However, Libra could scrape away at the status of the US dollar as the universal “reserve” currency and if it takes even 5% of that global role it could affect the status and power of the American and global economy.

In general, Facebook hopes to take over the global remittance market by lowering fees to almost nothing. Such a move would shake all the competing services, including local banks and informal financial networks.

Calibra Wallet

Facebook will operate its own digital wallet for people to spend Libra, known as the Calibra Wallet, which will be available in WhatsApp, Facebook Messenger and as a standalone app. It planed, that users will be able to transfer money to each other initially, at low to no cost.

Calibra Wallet user interface
Calibra Wallet
Calibra Wallet will be opened up to additional services, for paying bills, buy goods by scanning a code or accessing public transport, etc.

Account information from Calibra will not be shared with Facebook to improve things like ad targeting, except for “limited cases” where this data may be shared “to keep people safe, comply with the law, and provide basic functionality to the people who use Calibra,” Facebook wrote in a statement.

Libra criticism

Despite all the promising Libra goals and support from huge businesses — not everyone is enthusiastic about the Libra project. For example, Bitcoin sceptic and economist Nouriel Roubini is no fan of Facebook’s ‘Libra’ cryptocurrency at all. Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world:

Nouriel Roubini skeptical on Libra
Source: Twitter

According to Roubini, potential users of Libra from USA or Europe might be turned off by a cryptocurrency that’s also linked to relatively unstable currencies from emerging markets for instance:

Nouriel Roubini discusses the issues with Libra
Source: Twitter
Roubini also predicted that Libra will generate massive revenues for the social media giant. Specifically, Roubini claimed Facebook will earn interest on user balances by investing them in treasury bills. But in Roubini’s opinion users should not expect to earn any interest on their balances:
Nouriel Roubini on Facebook Coin
Source: Twitter

Also, other crypto players agreed with him on his warning of the dangers of a centralized cryptocurrency:

CZ Binance on Libra
Source: Twitter

Nevertheless, Libra is a really ambitious project. Nobody from the crypto society ever got such huge support from business giants and government.

Actual ways to get Libra will be unknown until the official info release. But we suppose that users will be able to buy it directly from the company and from exchanges, including ChangeHero. Also, there is unconfirmed information that the project will have ATM-like machines to buy Libra.

Our ChangeHero team is really enthusiastic about Libra and looking forward its integration to our platform. We believe, Facebook and Libra could change the way of Global Financial Operations. There is a lot of official information about to come, that would dispel or confirm rumours around Libra one by one. We watch all the Libra updates and sum up the most important information for you on ChangeHero Blog. Follow us on TwitterFacebookReddit, Telegram and Medium and be the first to get notified.


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Author: changehero
June 17, 2019

Nimiq is blockchain technology inspired by Bitcoin but designed for the browser. Unlike cryptocurrencies such as Bitcoin and Ethereum, Nimiq does not require a third-party node to send transactions via a browser solution. This advantage allows for a new level of accessibility and user experience without the need to compromise on decentralization or censorship-resistance. Nimiq aims […]

Nimiq is blockchain technology inspired by Bitcoin but designed for the browser. Unlike cryptocurrencies such as Bitcoin and Ethereum, Nimiq does not require a third-party node to send transactions via a browser solution. This advantage allows for a new level of accessibility and user experience without the need to compromise on decentralization or censorship-resistance.

Nimiq aims to solve the main pain-points most non-tech-savvy users find when starting to use cryptocurrency: complicated and clunky apps that are not intuitive, installation of third-party apps which can be a barrier and source of security issues, and the need to use a third-party node to connect to Blockchains to send/receive money.

Nimiq’s goal is barrier-free value exchange for everyone by enabling the most accessible, censorship-resistant payment solutions.

What advantages does NIM have among all other currencies?

Nimiq is browser-first allowing for installation-free direct peer-to-peer transacting of its NIM token on the blockchain network. A native cryptocurrency for the web as e-commerce checkouts become more seamless than with any other crypto in the world.

Nimiq is focusing on web developers to build applications for the Nimiq ecosystem as well as on implementing a complete merchant ‘roundtrip’ that includes a checkout process with NIM, BTC & ETH that ends up delivering fiat to the merchant bank account via non-custodial atomic fiat swaps (Nimiq OASIS).

What features are coming in the nearest future?

We are currently analyzing a possible transition to a new Proof-of-Stake algorithm that we designed and that would increase transactions per second from ~ 12 to over 1000 while massively reducing the amount of energy used to secure the network. We are also developing Nimiq OASIS a new and potentially disruptive Crypto-to-Fiat bridge in collaboration with the German WEG Bank AG and Swiss Trading Message Board Trade Telegraph.

Having one of the technically strongest teams in crypto we have demonstrated our ability to execute our technical goals and not just talk about them.

How to join the Nimiq project?

Nimiq created a community funding initiative where developers can send proposals to create a project based on Nimiq, by requesting seed funding, mentorship, security audits and UI/UX reviews from Team Nimiq.

The easiest way to join the Nimiq community is to join the Telegram Group and by following the official Twitter account to stay up-to-date with all things Nimiq.

What are the benefits of the collaboration with ChangeHero exchange?

The Nimiq goal is to become the #1 cryptocurrency for online payments. That is why we put our effort to make NIM as easy for purchase and exchange as possible for the community. The fastest way to become a NIM holder — is to get NIM on an instant crypto exchange like ChangeHero.

ChangeHero provides users with a wide range of NIM trading pairs: NIM could be traded against 140+ coins and tokens. Moreover, users can buy NIM with VISA and MasterCard. There is no registration required and transactions flow really fast: it takes only 5–7 minutes for completion.

Twice a month all the users have a chance to exchange NIM with 0% fee at ChangeHero.

Subscribe to ChangeHero Blog for more of such interesting content. Follow us on TwitterFacebookReddit, Telegram and Medium and be the first to get notified.


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Author: changehero
June 10, 2019

ChangeHero — the platform for the fast and unlimited 130+ crypto-to-crypto exchange and purchasing crypto with the credit card — launched a new feature — Fixed Exchange Rates for all the customers. ChangeHero aims to make asset swap more easy and convenient every day. For that, we have already enabled coins and tokens purchasing without the limits, […]

ChangeHero — the platform for the fast and unlimited 130+ crypto-to-crypto exchange and purchasing crypto with the credit card — launched a new feature — Fixed Exchange Rates for all the customers.

ChangeHero aims to make asset swap more easy and convenient every day. For that, we have already enabled coins and tokens purchasing without the limits, registration-free exchange, high transactions speed — so everyone could benefit from the rate fluctuations. And now we introduce Fixed Rates for users, who want to avoid all the trading risks.

Exchanging your coins with the fixed rate – you always know the exact amount you will receive in the result of the transaction. You are avoiding any rate fluctuations and swap your assets with a safely predictable outcome. ChangeHero takes all the risks for you!

Running your transaction on ChangeHero with fixed rate is as simple and user-friendly as a standard flow. In fact, you only need to press “Fixed rate” button on the ChangeHero exchange page before completing your transaction. Moreover, all our affiliate partners Wallets and Exchanges, integrated with ChangeHero via API are also free to provide Fixed Rates for their users!

Try out our new great feature and get your first safety-trading experience at ChangeHero!

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Author: changehero
June 4, 2019

From the beginning of June, ChangeHero platform will support Crypto-to-DAI and Fiat-to-DAI transactions. It is great news for the ChangeHero community and we believe — for the Dai community as well. Now DAI — the first stablecoin based on Ethereum blockchain can be bought with a credit card and exchanged with 130+ cryptocurrencies on the ChangeHero platform within 15 […]

From the beginning of June, ChangeHero platform will support Crypto-to-DAI and Fiat-to-DAI transactions. It is great news for the ChangeHero community and we believe — for the Dai community as well. Now DAI — the first stablecoin based on Ethereum blockchain can be bought with a credit card and exchanged with 130+ cryptocurrencies on the ChangeHero platform within 15 minutes.

The ChangeHero team is really excited about the DAI integration, so we set a 0% fee on the DAI exchange until the 5th of July! We’ve made a big bet on DAI as one of the most popular stablecoins and expect a large inflow of users from DAI community and crypto enthusiasts on our platform in the near future.

What role does DAI play in the crypto arena? How does it work and how DAI holders could benefit from it? Let’s take an in-depth look below!

DAI logo
Dai — is the first stablecoin based on Ethereum blockchain

The cryptocurrency market has significantly developed during the last years. However, there are a lot of factors that obstruct cryptocurrency pervasion to everyday life, such as sharp price rises and drops during the month, day and even by the hour. For example, the value of BTC often experiences large fluctuations, rising or falling by as much as 25% in a single day and occasionally rising over 300% in a month, what makes Bitcoin and other popular coins and tokens inconvenient payment solutions.

Bitcoin price chart showing fluctuations
Bitcoin rate fluctuation

However, crypto enthusiasts have found out how to make a crypto price stable.

A stablecoin is a cryptocurrency which is pegged to an asset with a stable value, such fiat money, specifically USD, and other assets used as collateral, (cryptocurrencies, metals, oil, etc.) The general idea of a stablecoin is to produce a crypto asset whose value isn’t prone to extreme volatility. With Stablecoins everyone could have a stable store of value during volatile market periods, use a stable cryptocurrency for fast and immutable payments, send large amounts of money with lesser fees. One of the most popular stablecoins is Dai, developed by MakerDAO.

What is MakerDAO?

MakerDAO is a decentralized organization dedicated to bringing stability and transparency to the crypto economy. Maker is unlocking the power of the blockchain for everyone by creating an inclusive platform for economic empowerment — allowing equal access to the global financial marketplace.

Maker issues Dai, the world’s first decentralized stablecoin on the Ethereum blockchain. Dai eliminates volatility through an autonomous system of smart contracts, specifically designed to respond to market dynamics.

Launched in 2017, Dai has successfully maintained a soft peg to the US Dollar. With a presence on numerous cryptocurrency exchanges, multiple partnerships with global supply chain companies, and agreements with organizations serving non-government agencies, Maker is unlocking the power of the blockchain to deliver on the promise of economic empowerment today.

So, what is about Dai?

The Dai stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar through a series of complementary financial incentives. Dai aims to realize the full potential of blockchain technology, and unlike other Stablecoins, Dai is completely decentralized.

The currency lives entirely on the blockchain; its stability does not depend on any locality, and its solvency does not depend on any trusted counterparties. All Dai is supported by a surplus of collateral, which has been escrowed into audited and publicly viewable Ethereum smart contracts.

Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long term savings without any fear of losing money because of the price dropdown.

DAI price chart
DAI Price Stability Mechanism keeps the DAI price always equal to 1 USD

How does Dai work?

Every Dai is backed by some kind of valuable asset.

This is achieved via an open smart contract platform that allows anyone in the world to lock up their assets as collateral and issue Dai against them.

To retrieve their collateral, holders simply return the Dai they were issued plus a fee based on how long it was outstanding. No one can alter these core mechanics of Dai, making it a safe and predictable form of money.

How could DAI holders benefit from it?

As DAI stablecoin aggregates the advantages of fiat currency and cryptocurrency, there are a lot of situations, where DAI is the best solution. For example, you can use DAI to:

– save your funds in crypto, without the risk of losses, as DAI price is totally stable and equal to 1 UDS;

– keep your funds in crypto, getting all its advantages and at the same time be sure, that the amount is always the same as the initial, related to UDS;

– fix the profit from your crypto investment in USD, without withdrawing your funds from crypto;

– use DAI as a payment tool;

– trade DAI like other ERC-20 tokens;

– send DAI and receive DAI from anyone by having just by having an Ethereum wallet, etc…

There are a lot more, depending on the individual trader’s needs. Find your own way to use DAI and write it in a comment to this article!

How to get Dai?

Users can obtain Dai on traditional exchanges and instant exchanges, like ChangeHero, where you can buy DAI with the credit card and exchange it with 130+ other crypto at the best rate on the market, anonymous and within 15 minutes.

Get DAI on ChangeHero
ChangeHero set a 0% fee on the DAI exchange until the 5th of July

DAI — is the best way to keep your crypto funds stable. As DAI is a first fully decentralized stablecoin based on Ethereum blockchain, it is easy to trade and store DAI at any ETH wallet, like the other ERC-20 token. DAI Price Stability Mechanism excludes considerable DAI rate fluctuations and keeps the DAI price always equal to 1 USD.

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