Author: changehero
October 31, 2019

BitcoinSV is one of the most talked-about cryptocurrencies lately, courtesy to the gloomy controversies around it. Some call it a scam and others a publicity stunt, but it has always stayed on charts and stirred up debates in the community. In this article, ChangeHero attempts to reveal the facts that impacted BSV and how well it would perform […]

BitcoinSV is one of the most talked-about cryptocurrencies lately, courtesy to the gloomy controversies around it. Some call it a scam and others a publicity stunt, but it has always stayed on charts and stirred up debates in the community.

In this article, ChangeHero attempts to reveal the facts that impacted BSV and how well it would perform in the last quarter of 2019.

What is BSV? Does it bring something new to the table?

BSV is relatively a young cryptocurrency that came into existence as a result of the Bitcoin Cash hard fork that took place on November 15, 2018. BSV stands for Bitcoin Satoshi Vision, as the name implies, it was developed with aims to bring back the values and principles of the original Bitcoin. The split was led by the most popular Craig Wright and was carried out to improve the capabilities such as block size and transaction speeds.

Bitcoin SV has a few benefits over its cousins. It is focused on bringing more stability to the protocol and enable large scale businesses and developers to create solutions on the blockchain in the form of smart contracts, atomic swaps and others. Scalability is one of the major concerns for many cryptocurrencies, BSV aims to enable massive scaling and transform itself into a daily driver for transactions around the world. In order to ensure that it is on the right path, SV Gigablock Testnet (SV-GBTN) continuously measures the performance of the protocol and gives useful insights to the miners and participants about the scaling decisions.

In addition, the project also lays a major emphasis on the security and provide safe transactions. Furthermore, BSV aspires to provide instant transactions taking advantage of the zero-confirmations feature. Though these peculiarities seem to be promising, BSV has its ups and downs in it’s since its genesis.

Historical Analysis

 

Bitcoin SV price chart for 2018
Source: CoinMarketCap

Since it’s inception, BSV has always managed to remain under the top-20 cryptocurrencies. In the early November of 2018, BSV price was under a hundred dollars and caught the attention of the traders quickly due to its promotional approach as the original bitcoin. At one point, the coin was traded at around $221, but the prices quickly fell below $40 by the end of the same month due to technical issues. Right after the fall, prices shot up and continued to trade just under $100 in December.

BSV price chart for 2019
Source: CoinMarketCap

BSV started the year 2019 at around $90, but its value dropped gradually in January. Till the end of the first quarter, the coin did not see any major fluctuations and it was the calm before the storm. On 15th of April, Binance has announced its decision for delisting BSV from its exchange citing Craig Wright’s claims as Satoshi Nakamoto were untrue. Eventually, Shapeshift also announced that it would not be trading BSV anymore. These series of incidents had a significant impact on BSV and its price fell by more than 13% and was traded at just over $50.

Craig Wright’s lawsuit has stirred up a big controversy in the crypto community and resulted in the growing interest on BSV among the people. This has affected BSV to a large extent and the price grew dramatically in the mid-2019 and reached its all-time high of $255.88 on June 22, 2019 with a total market cap of over $4 billion.

In the third quarter of the same year, BSV has fluctuated severely mostly due to the argy-bargy of Satoshi Nakamoto’s identity. As of the Halloween of 2019, BSV was being traded at around $130 and is the 9th most valuable cryptocurrency with a market cap of over $700 million according to CoinMarketCap.

Expert Opinion

Bitcoin SV is one of the very few cryptocurrencies which received a lot of criticism from the crypto community. Prominent people in the crypto world have voiced their opinion on this currency with Craig Wright at the epicentre in the whole discussion.

CZ Binance on the Craig Wright controversy
Source: Twitter

Binance’s CEO, ChangPeng Zhao (CZ) has condemned Craig Wright’s claims as Satoshi in a tweet. To make things worse, Ethereum’s Co-Founder, Vitalik Buterin in an interview with Youtuber Hardware Crypto has slammed the coin calling it a complete scam but expressed scepticism about Binance’s decision to delist BSV.

Conversely, many marketing analysts predict that Bitcoin SV will see a growth in the near future. Wallet investor forecasts that BSV would be traded over $213.157 by the end of 2019. Digital Coin also suggests a similar figure of $211.2 for BSV’s closing price the same year. Trading Beasts also show a bull market for the same period but a slower one with BSV expected to be traded at around $150.

In a nutshell,

Bitcoin forks have always been debated and Bitcoin SV is the hot-topic. Despite the harsh criticism from the techies, BSV stood among the top performers in the crypto sphere since its birth with its price and the tech, as well. All in all, Bitcoin SV is quite an intricate story to unravel and might stage many gripping events in future.

On ChangeHero you can swap any cryptocurrency to BSV at a lightning speed. We offer zero confirmations feature for BSV purchases. Give it a shot.

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Author: changehero
October 29, 2019

With the rapid surge in Bitcoin’s price and Facebook’s CEO, Mark Zuckerberg’s testimony in the Congress has stirred up a major discussion among the masses about cryptocurrencies and blockchain. Blockchain conferences function as a stage for the noticeable people in the crypto community and public officials to discuss, share their opinions and also to showcase the developments in the technology. Whether […]

With the rapid surge in Bitcoin’s price and Facebook’s CEO, Mark Zuckerberg’s testimony in the Congress has stirred up a major discussion among the masses about cryptocurrencies and blockchain. Blockchain conferences function as a stage for the noticeable people in the crypto community and public officials to discuss, share their opinions and also to showcase the developments in the technology.

Whether you are running a startup or an investor or a crypto enthusiast, there are a ton of events to attend to keep yourselves updated about the latest trends in the world of blockchain. ChangeHero has short-listed a few conferences that are a must-visit this November. These conferences serve you with all the cognizance and take you right into the crypto sphere.

1. San Francisco Blockchain Week Epicenter

Date(s): October 31 — November 1, 2019

Venue: San Francisco Marriott Marquis

Location: San Francisco, California, USA

San Francisco Blockchain Week brings together investors, developers, startups and crypto enthusiasts on one stage to discuss the future of the blockchain and cryptocurrencies. Epicenter holds talks, fireside chats and presentations on various intriguing topics that range from scaling in blockchain to cryptography’s effect on humanity.

The opening keynote will be delivered by Don Tapscott( Co-founder & Executive Chairman, Blockchain Research Institute) other prominent speakers include Ro Khanna (Congressman, US House of Representatives), Hester M. Peirce (U.S. Securities and Exchange Commission), Olaf Carlson — Wee (Founder & CIO, Polychain Capital), Kevin Weil ( Co-Creator, Libra VP of Product, Calibra), Chris Larsen (Executive Chairman & Co-Founder, Ripple) and many more.

San Francisco Blockchain Week must not be missed and it helps you to gain more insights about the blockchain industry. A Blockchain Career Fair is also being organized and is the place to be for those who are in the hunt for new opportunities in the world of blockchain.

Date(s): November 7–8, 2019

2. Malta AI & Blockchain Summit

Venue: Intercontinental Hotel

Location: St Julian’s, Malta

Popularly known as the Blockchain Island, Malta is one of the most happening places in the world of Blockchain. The crypto-friendly nation is set to host Europe’s largest blockchain event, Malta AI & Blockchain Summit this November. The event has garnered a lot of attention and over 6000 attendees are expected to participate this year. The event gathers investors and innovative minds to discuss Artificial Intelligence, Quantum Technology, Big Data and Internet of Things. The summit also features AI and Tech startup Pitch events where startups get a chance to showcase their products to the investors on stage.

Malta AI - Blockchain Summit
Source: Malta AI & Blockchain Summit

Prime Minister of Malta, Joseph Muscat will be leading the discussions followed by many key individuals in the blockchain. Others include Anthony Pompliano (Co-Founder & Partner, Morgan Creek Digital), Vahid Toosi (Founder, EOS sw/eden), Tim Draper (Founder, Draper Associates/DFJ/Draper University), Brock Pierce (Chairman, The Bitcoin Foundation) and Grammy Award-winning artist Akon will be delivering a keynote and perform in the lavish closing party.

Malta AI & Blockchain Summit is the go-to place to meet and network with innovative minds and catch the attention of deep-pocketed investors.

3. The Capital — CoinMarketCap Global Conference

Date(s): November 12–13 , 2019

Venue: Victoria Theatre

Location: Singapore

The Capital is the maiden global event of the most popular cryptocurrency information website CoinMarketCap. The event aims to assemble its users, partners and stakeholders at one place and discuss the future of the blockchain industry. Key topics to be talked in the event include crypto-asset adoption, liquidity and the next phase of blockchain. The event organizers put the “proof-of-work” system to use in the give away of tickets through a personality questionnaire.

Influencers in the blockchain world will be attending the event to deliver speeches and take part in discussions and fireside chats. Delegates include Sunny King (Inventor of Proof-of-Stake Consensus Mechanism & Founder, V SYSTEMS), Matthew Roszak (Co-Founder & Chairman, Bloq), Changpeng Zhao (Founder & CEO, Binance), David Chaum (Founder & CEO, Elixxir) Livio Weng (CEO, Huobi Global) and others.

4. Blockshow Asia 2019

Date(s): November 14–15, 2019

Venue: Marina Bay Sands

Location: Singapore

Blockshow Asia is one of the major blockchain events and goes with the tagline Festival of Decentralized Technology. The event is the best place for startups to meet investors and also for the crypto-savvy to share their thoughts on the future of blockchain. A plethora of topics will be discussed and debated in the event this year, to name a few, Development, Investments, Crypto Finance, Privacy & Security and Artificial Intelligence.

Blockshow Asia 2019
Source: Blockshow Asia

The event gained traction among the community due to the tech-influencers who take part actively in the discussions. Few of the speakers include Changpeng Zhao (CEO, Binance), Sopnendu Mohanty (Chief FinTech Officer, Monetary Authority of Singapore), David Chaum (Founder, Elixxir & Praxxis), Max Kordek (Co-Founder & President, Lisk), Da Hongfei (Founder, NEO), Sarah Olsen (Managing Director & Corporate Development, Gemini), Xinxi Wang (Co-Founder & Director, Litecoin Foundation) and Charlie Shrem (Founding Director, Bitcoin Foundation).

5. The Blockchain Innovation and Investment Summit

Date(s): November 20th, 2019

Venue: Ritz — Carlton JBR

Location: Dubai, UAE

The Blockchain Innovation and Investment Summit aims to bring together blockchain companies and investors to fuel the business relationships. Dubai is the fitting place for the event due to the growing interest in blockchain and cryptocurrency there, courtesy to the Dubai Blockchain Strategy 2020. BII summit is one of the biggest blockchain events in the Middle East and lays a major priority on Blockchain Investments. The summit will be featuring presentations, discussions on busting the myths about Blockchain revolution etc.

BII Summit
Source: BII Summit

Key speakers of the BII summit include Eric Demuth (CEO, Bitpanda), Andy Cheung(COO, OKEX), Nadeem Ladki (Director of Business Development at Ripple), Wesam Lootah (CEO, Smart Dubai Gov.). BII summit is the perfect spot to raise funds for your startup and unwind in the sandy beaches.

All in all, these events are unique and contemplates on the future of blockchain. ChangeHero believes that these events will boost awareness about crypto and blockchain and fuels the rapid development of the industry.

Do not miss any of the events and stay tuned to our blog. Follow us on TwitterFacebookReddit, Telegram and Medium and be the first to get notified.


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Author: changehero
October 10, 2019

In the past, we have seen cases where halving has significantly affected the performance of a cryptocurrency. It is evident from the previous Bitcoin Halving that this event plays an influential role in the cryptocurrency ecosystem. With the next BTC halving on cards for 2020, “Halving” turned out to be the topic of debate in […]

Halving guide by ChangeHero

In the past, we have seen cases where halving has significantly affected the performance of a cryptocurrency. It is evident from the previous Bitcoin Halving that this event plays an influential role in the cryptocurrency ecosystem. With the next BTC halving on cards for 2020, “Halving” turned out to be the topic of debate in the crypto community.

One has a doubt what exactly is halving and how it affects the cryptocurrencies. In this article, ChangeHero brings you everything you need to know about halving in one place. This essay will give you a general overview of halving and how it would impact the community as a whole.

Halving

Before diving into the core topic, it is essential to understand what exactly happens in the blockchain. Everything starts with mining, a computerized process of verifying transactions on the blockchain. Mining also requires solving complicated math problems. When once solved and after a new block was discovered, it can be added to the blockchain, providing the miners with a reward.

This block reward consists of the block subsidy and the transaction fees. When miners successfully mined a new block, they get newly created coins, generated by a special kind of transaction called coinbase transaction, which rewards a miner with the block reward for their work. This process is considered to be compensation or proof for miner’s work.

Unlike fiat, cryptocurrencies are deflationary in nature and their value increases with time. This is due to the fact that the supply is limited to a certain amount. Halving aims to create a deficit by limiting the supply of new coins into the market. This can be achieved by reducing the mining rewards periodically to ensure that the currency’s supply is evenly distributed and maintains the value.

In simple words, halving is the process of dividing the block rewards for mining in half. This process occurs at regular intervals based on the coin’s protocol. For instance, Bitcoin’s halving takes place for every 210,000 blocks which is roughly once in four years and for Litecoin, the phenomenon takes place for every 840,000 blocks.

The historic manipulations with halving and price are always notable for the coin. Especially these actions are meaningful for traders, exchange platforms and for those, who take an active part in the crypto ecosystem. If fewer digital coins are being made, the newly increased deficit automatically makes them more valuable.

Buzz in the community

Being an important part of the coin’s protocol, halving is an effective way of maintaining currencies’ value. Crypto community has diverse views on the halving events of cryptocurrencies.

Morgan Creek Digital co-founder Anthony Pompliano is optimistic about the halving events in a tweet and teased the bankers if a similar event happens for fiat. On the other hand, Kyle Samani, the co-founder of Multicoin Capital Management, has not a bullish opinion for cryptos. Kyle thinks that halvings are becoming a lot less important.

While the average traders get their hands on digital currencies expecting the price to sky-rocket, some experts are cautioning.

LTC founder and creator Charlie Lee mentioned that the consequences are risky and people shouldn’t buy-in if can’t withstand the drops. He added that halving might have a “shocking” impact on miners. Lee also thinks that some miners will become unprofitable after the block halving.

This falls in line with the problems that the miners need to tackle from such events. Essentials for mining such as electricity, hardware components would turn out to be more burdensome and makes it difficult for the miners to maintain the farms.

In a Nutshell,

Halving is an event that has the potential to change the value and perception of the community on a cryptocurrency greatly. There is no actual rule that history has to repeat but might.

Stay tuned to ChangeHero Blog and follow us on our MediumTwitter, Telegram and Facebook to be aware of the hottest news from the world of crypto.


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Author: changehero
October 8, 2019

Cryptocurrency has seen a significant rise in its adoption in the past few years. It should be fair to admit the fact that traditional credit or debit cards have propelled this growth by enabling the masses to get their hands on the digital currency. Few traditional banking services are sceptical about this new form of […]

Crypto Banks

Cryptocurrency has seen a significant rise in its adoption in the past few years. It should be fair to admit the fact that traditional credit or debit cards have propelled this growth by enabling the masses to get their hands on the digital currency. Few traditional banking services are sceptical about this new form of currency and perceive it as a threat. On the other hand, a few saw the bright side and began adopting the digital ledger technology laying a cornerstone for the new phenomenon called Crypto Banks.

In this short essay, ChangeHero reveals to you how the financial sector is adopting the blockchain technology.

Bitcoin came into existence from a bare idea of eliminating the middlemen and enable peer-to-peer transactions. Blockchain protocol functions as the means of processing these transactions without any intermediaries. The protocol is independent of the Bitcoin and can be used for a major portion of the traditional banking services. Many bright-minds have exploited the blockchain technology and put it to a great purpose busting the misconceptions about the protocol being exclusive for conducting transactions.

Crypto Banks

A conventional bank offers a wide variety of banking services such as payments, custody, credit cards, loans and many others. Most of them can be achieved on the blockchain via smart contracts, thanks to Ethereum, a trailblazer in the second generation of the digital ledger technology. To keep it simple, Crypto Banks are the institutions that can offer the above-stated services but with the incorporation of the cryptocurrency and with legal clearance from the regulatory bodies in the economies.

The Young Guns

Legislations pose challenges as few governments are dubious about the digital currencies and some even have laws banning the usage of the cryptocurrency. Bitwala is one fine example which has successfully embedded the cryptocurrency into the traditional banking services. The startup claims to offer the world’s first cryptocurrency bank account which includes a traditional bank account, bitcoin wallet, and trading interface on a single platform. The company is licensed by the German government and also offers a Mastercard Debit Card for global spending.

Spot 9 is another interesting project which is analogous to Bitwala and offers an identical set of services but with perks of earning rewards. MyCryptoBank is in works of launching a similar service that combines both the crypto and regular banking services. Two Swiss companies, namely, Sygnum and SEBA are moving in the same path of converging both industries and were recently awarded Swiss banking licenses. The favourable conditions for the crypto might probably have driven Facebook to set up the Libra association in Switzerland.

Vets jumping into the field

A few market leaders in the crypto industry are testing the waters in the blockchain finance. Coinbase Custody, for instance, offers secure cold-storage of the digital assets and are regulated by the New York Department of Financial Services (NYDFS). BitGo is another service offering custodian services but with a diverse selection of coins and tokens. Though these companies pose to be a bank, they cannot be used to make the purchase of goods or pay bills like the traditional ones.

Malta is arguably the most happening place in the crypto world, thanks to the Virtual Financial Assets legislation which makes it the place to go for crypto entrepreneurs. Founders Bank based in Malta which aims to be the world’s first decentralized blockchain bank is set to open its doors to the customers in 2020. It has raised $10 million with Binance being one of its major investors. Likewise, Litecoin Foundation and Token Pay have acquired a cut in the crypto-friendly bank WEG Bank AG which is in works to start processing crypto payments in the year 2020.

Many developed nations recognise the usage of this new technology. A number of traditional banking giants are leaning towards the crypto and adopting it. We have seen an example where a fintech startup Circle acquired cryptocurrency exchange Poloniex way ahead of others in 2018 and interestingly, the startup is backed by the Goldman Sachs. In another scenario, Japanese firm SBI Holdings has launched its cryptocurrency exchange. Conversely, we have witnessed cases like China and India, where the policymakers took a stance against the digital currency. Regardless of the tight regulations and price surges, a number of companies are optimistic and foresee it as a major driver for the future economy.

Sum and substance

It appears that the brick and mortar banking services have been ambivalent to cryptocurrency growth. While some of them were forbidding, the rest were adopting and moving ahead. With many startups picking up the turf in this niche, it would be a stringent task for the traditional banks to dive-in later. Traditional financial services have to up their game in order to stay alive in the future. Either way, this New Economy would be beneficent to the consumers and has the potential to change the way we spend and manage money.

So, what do you guys think about crypto banks? Do you think there would be a day where you can walk-in to a conventional bank and make transactions in crypto? Let us know in the comments.

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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