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Category Archive: cryptocurrency

Creativechain Wallet on HolyTransaction

Creativecoin Wallet: HolyTransaction adds CREA

Creativechain Wallet on HolyTransaction
Do you want to open a Creativecoin wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the crypto available on our multicurrency wallet.

So, from now on you can store Creativecoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Creativecoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own CREA Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Creativecoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Creativecoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Creativecoin with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Creativecoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Creativecoin?

Creativechain has created its own coin called Creativecoin (CREA), the first cryptocurrency designed to meet the needs of all creative communities that produce and distribute digital content.

Creativechain is a decentralized platform for the registration and distribution of multimedia content that proves in an indelible way the authorship and license of any work or creation.

Imagine a social network of content exchange like Facebook, Spotify or Youtube totally decentralized, without managers or intermediaries, without censorship and with its own P2P system of electronic money based on its own cryptocurrency.

The technological innovative proposal of this platform also directly challenges the centralized power of traditional systems of copyright management entities.

The platform applies the power of attorney of blockchain technology to create incorruptible timestamps that certify the authorship of any digital work such as photos, videos, films, texts, electronic books, software or any digitizable file. Creativechain is presented as a public and transparent alternative of intellectual property registration according to the new times, in which there are so much cultural production circulating on the internet.

Blockchain technology opens up a universe of possibilities for the registration and distribution of intellectual property without intermediaries. The power of attorney along with the decentralized p2p distribution of digital content create a new paradigm shift in the era of digital culture.

So, do you want to open your CREA wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

admin

HolyTransaction adds Pivx to its wallet

Do you want to open a Pivx wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the crypto available on our multicurrency wallet.

So from now on, you can store Pivx on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Pivx, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Pivx Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Pivx Wallet features

Just like Bitcoin and all the other supported cryptocurrencies, you can now:

  • Send Pivx to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Pivx with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Pivx Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Pivx?

Pivx (PIVX) is the acronym for Private Instant Verifiable Transaction.

The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.

PIVX is an open source, privacy-focused, Proof of Stake crypto-currency. PIVX utilizes Proof of Stake 3.0 and an innovative Seesaw reward mechanism that dynamically balances 90% of its block reward between Masternodes and Staking nodes with the remaining 10% used for budgeting. The budget and protocol are managed through a decentralized governance system.

So, do you want to open your Pivx wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

admin
syscoin wallet

Syscoin Wallet: HolyTransaction adds this new cryptocurrency

Do you want to open a Syscoin wallet?

You are in the right place, as we at HolyTransaction decided to add this digital currency among the crypto available on our multicurrency wallet.

So, from now on you can store Syscoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Syscoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Syscoin Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Syscoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Syscoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Syscoin with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Syscoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Syscoin?

Syscoin (SYS) is a digital currency that allows low-cost transactions (our fee is per transaction) and provides businesses a safe infrastructure for trading goods, assets, digital certificates, and data.

Syscoin’s value derived from the decentralized services it provides on the blockchain, a decentralized system of record hosted by a series of “nodes” on the Syscoin network.

Syscoin 1.0 was the first decentralized marketplace and a script algorithm altcoin based on Litecoin. The original whitepaper[3] included Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer and Decentralized Data Storage and Retrieval. Some of these services were available upon launch but only accessible through a command-line interface.

The original whitepaper included:

  • Decentralized Marketplace Creation,
  • Decentralized Smart Contracts and Documents,
  • Decentralized Certificate Issuance and Transfer
  • Decentralized Data Storage and Retrieval.

Syscoin presale began on July 19, 2014. Back at that time, the ICO price was .00000518 BTC/SYS and it raised 1500 BTC.

So, do you want to open your Syscoin wallet? Click here.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin regulation

Bitcoin regulation: EU to oversee digital currencies

Bitcoin regulation in Europe is moving forward after the decision of EU to fund a new tool.
This initiative about digital currencies surveillance is backed by $5m in funding from the EU and it involves a few government agencies and academic researchers including Interpol, Interior Ministries from Spain and Austria, Finland’s National Bureau of Investigation, and University College London.

In an official statement, members explained that the idea came because of the recent events of ransomware attacks all arount the world.

At the same time, those involved in the project argue not to violate user privacy rights.

“The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy,” said Ross King, senior scientist for the Austrian Institute of Technology (AIT) that is one of the research institutions involved in this project.

That the EU would take this approach is not surprising as they previously pushed aggressively for greater control on cryptocurrency users back in 2016, with the European Parliament following suit earlier this year.

Read more about bitcoin regulation in Europe by clicking here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin russia

Bitcoin Russia: a new law proposition by Russia’s Central Bank

The Bitcoin Russia saga is continuing to move on, as the Russia’s Central Bank is writing a new law focused on digital currencies.

Reports suggest that the Bank of Russia is looking to recognize digital currencies as digital goods, so they will be subjected to regular taxation.

Also, this law will include info on how the government will keep an eye on and regulate domestic marketplaces.

According to Bloomberg and RBC, in fact, deputy governor of the Bank of Russia, Olga Skorobogatova discussed her institution’s work on new legislation.

On May 25th, Skorobogatova explained that legislation could be introduced in the Russia’s national legislature – or the so- called Duma – in June.

Digital currencies “should be regulated, because volumes are increasing compared to the previous year. If people are engaged in this, they have to pay money for it, and we have to have a clear understanding of how to control this activity”, explained Skorobogatova, according to a recent report published by Bloomberg.

So, Russia is moving ever closer toward some kind of legislative framework for bitcoin and other digital currencies.

Initially, the government seemed to want to take a contrary stance on the creation of issuance of the money surrogates and Russian officials revealed their idea to ban bitcoin as illegal.

That position has changed during the recent months, and the enthusiasm on the blockchain started to increase among both officials from the Bank of Russia as well as the Russian government.

For example, Prime Minister Dmitry Medvedev pushed for research into public applications of the distributed ledger tech.

Read more about Bitcoin Russia regulation here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
litecoin segwit

Litecoin Segwit has been finally approved

Litecoin Segwit has been finally implemented, so this long-debate to change to change the digital currency network can be said to be closed now.

Originally intended to improve the bitcoin blockchain, Segwit – or Segregated Witness – had to solve the so-called block size debate, but it has been used on the lesser known litecoin chain, with some in the community that believes that it will help to finally have a quick implementation on the bitcoin network too.

Litecoin Segwit: how does it work?

Segregated Witness, in fact, is a new system that will allow litecoin to improve its block size, by modifying how transaction data is stored by the blockchain itself.

The change was first locked-in two weeks ago, when the proposal reached the 75% threshold level.

Then, the community had to wait two more weeks (8,064 blocks) to ensure that the upgrade approval was consistent.

After that, yesterday (on May 10th) the change was officially activated at block 1201536.

What does it mean?

Litecoin users can now start using a new kind of network, and there has been at least one transaction so far.

Anyway, several supporters are thrilled about the new techs that can now be created on the Segwit-supported network.

For example, the Lightning Network could boost litecoin transactions by million times; thanks to Segwit it can now be used to move real money.

Developer Loshan T explained to CoinDesk:

“I think today will be a great day for pushing more awesome tech into Litecoin. With SegWit activated on litecoin’s mainnet, I cannot wait until we deploy confidential transactions, Lightning Networks, MAST and Schnorr signatures.”

Unfortunately, these projects are early stage right now, but developers from the Lightning Labs seem thinking that it is too early to talk about sending money over an experimental network, so they plan to continue to develop the chain.

The future is unwritten

It not so clear where the Segwit activation will lead to or what role Litecoin will have in the next future.

Loshan explained that some in the community are skeptical about litecoin needs of the Lightning Network tech because litecoin blocks are not full yet, but they would like to have trustless cross-chain transactions between bitcoin and litecoin as a potential Lightning use case; and developer believes could be a benefit for both the digital currencies.

Anyway, at the moment, the Litecoin blockchain seems to work properly, without any issue, even after the Segwit activation.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
ether price

Ether Price passes $100: how to store Ethereum

Ether price, or the digital currency that fuels the world’s second-greatest blockchain network – Ethereum – reached a value of $100 today.

This means that Ether price hits its new all-time high today.

With a growth of more than 25% over one day only, the Ether price has now increased more than 1,000% during the last year: on January 1st, in fact, it was trading at about $8.

At the moment, while I’m writing this article, the digital currency has a market cap of about $9bn, according to data provided by Coinmarketcap.

Why Ether price is growing

This new all time high comes now when the Ethereum blockchain is fast gaining interest by open-source innovators and financial firms worldwide.

Ethereum became important as the main blockchain used for initial coin offerings (ICO, a process by which people working on blockchain-related projects can sell tokens with the goal of raising funding), while major companies such as JP Morgan and Bank of America are developing a few projects on private versions of the Ethereum blockchain.

On the markets point of view, the development comes also thanks to a strong and continued demand for the Ethereum token.

Ether volume registered 20% of the total digital currency market volumes, below bitcoin (46%) and ahead of litecoin (11.38%).

How to store, buy and sell Ethereum

While the digital currency is gaining more and more interest, reaching new all time highs, you may ask yourself: “How should I buy, sell and store my Ether tokens?”

Well, HolyTransaction provides a safe place where you can store, buy and sell your Ether tokens in a user-friendly platform.

You can exchange Ethereum in a few minutes by using more than 10 digital currencies we support on our HolyTransaction multicurrency wallet.

Click here to know more about our Ethereum wallet and exchange.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin users

Bitcoin users growth: read the University of Cambridge’s research about cryptocurrencies

According to a recent research conducted by the University of Cambridge, bitcoin users number has increased by four times in five years.

The research explains that bitcoin active wallets surged from 8.2 mln in 2013 to nearly 35 mln in 2016, suggesting that the number of active wallets ranges from 7.5% to 30.9% of the total number.

The Global Cryptocurrency Benchmarking Study by the Cambridge Centre for Alternative Finance at the University of Cambridge suggested an estimated number of unique active bitcoin users wallets to be grown from between 0.6 mln and 2.6 mln in 2013 to currently between 5.8 mln and 11.5 mln in 2017.

This study – led by Dr. Garrick Hileman & Michel Rauchs – is the first of its kind to examine the growing global cryptocurrency industry and its exchanges, wallets, payments and mining platforms.

The research, in fact, is not only focused on bitcoin users, but also on cryptocurrencies in general.

“81% of wallet providers are based in North America and Europe, but only 61% of wallet users are based in these two regions,” the study which collected non-public data from nearly 150 companies and individuals states. “Almost half of all wallet providers are located in the United States and the United Kingdom. If we break down origin by world region, Europe is leading with 42% of wallet providers, followed by North America with 39% and Asia Pacific with 19%.”

North American wallet providers think that the current regulation is good and 57% of European and 2% of Asian-Pacific wallet services seem to be satisfied with the existent regulation.

Exchanges have to gain more popularity yet as only two of the 51 exchanges included in the research can provide a decentralized platform: 40% of North American wallet platforms said that the existing regulation is excessive and too strict – a point of view shared by 14% of European companies.

Another focus of this study is the innovative and rapidly changing of the cryptocurrency economy that is becoming more fluid in a few countries.

It says the line between exchanges and wallets is more and more “blurred” and several other digital currencies after Bitcoin are now supported by a growing environment as they are able to be used in a wide range of use cases.

Also, it argues that security-related problems and the lack of clarity about digital currencies regulation will continue to be prevalent in the next future.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
zcash-logo-gold

ZCash Bug: team releases software fix

A ZCash bug has been discovered a few days ago and now the development team has released a new software update to fix this denial of service (DoS) vulnerability.

In fact, in a new blog post, Zooko Wilcox and Paige Peterson – both developers at ZCash – explained how the bug could allow an hacker to crash a zcash node remotely by sending a specific kind of transaction.

ZCash bug found on Wednesday

The bug was found in an update included in the ZCash’s 1.0.4 release, related to how transactions are given priority in a node’s mempool.

This vulnerability was discovered back on Wednesday (April 12nd, 2017).

The blog explains:

“ZcashCo, and several exchanges, wallet vendors, and miners have already deployed a mitigation as well as detectors for this attack vector. No attacks have been detected.”

Zcash published a software update to address this bug, asking users to upgrade their platforms in order to delete the denial of service risk.

The Zcash team  also commented that, should signs emerge that an attack attempt is being made, it would issue alerts and coordinate with related services on a response.

If you don’t know what I’m talking about, Zcash is a digital currency with the special feature of total anonymity thanks to its zero knowledge proof of work called zk-snarks.

Read more about Zcash here.

ZCash Wallet – Open yours at HolyTransaction

Recently, we at HolyTransaction implemented the ZCash Wallet on our multicurrency wallet platform.

Together with Bitcoin, Ethereum and more than 10 other digital currency, from now on you can use HolyTransaction to store also ZCash coins.

Open your ZCash wallet here in 1 minute.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
litecoin segwit

Litecoin Segwit: how it is driving the prices

Maybe because of the recent Litecoin Segwit support, this digital currency price set a new high yesterday, reaching a value of $11.42, its highest price since May 2014.

We cannot define it a cryptocurrency pump, but the market seems to answer to the technical changes in the network.

This price growth, in fact, could be explained thanks to the almost reached the 75% support level needed in order to activatate the Litecoin Segwit (Segregated Witness), or a scaling solution that will improve blocks capacity.

Right now, in fact, just over 70% of miners were giving their support for the Litecoin Segwit.

Even if at press time, Litecoin price declined of about 67%, litecoin traded as high as $11.32 today up nearly 40% in one day, according to CoinMarketCap.

On March 30th, litecoin price increased of about 70% and, always according to Coinmarketcap data, its 24-hour volume passed $250m today.

Litecoin SegWit support

These important new Litecoin highs have coincided with the almost reached support level needed for activating the Litecoin SegWit.

First designed to be used on the Bitcoin blockchain, SegWit would increase the block capacity by modifying how transaction data is stored by the blockchain itself.

Once reached, the support level will have to remain at or above the 75% threshold level for 8,064 blocks (almost two weeks) before SegWit can officially be activated.

The litecoin price reached $50 in late 2013, but it has traded below $20 since early 2014.

Click here to read more about SegWit and a new Bitcoin potential fork.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio