submitted by BithumbGlobal to BithumbGlobal [link] [comments]
Chief Economist of the International Monetary Fund, Gita Gopinath has written a piece reporting and predicting the disastrous consequences of the Coronavirus pandemic on the global economy. Hoping that the economies will be able to restart by the 3rd quarter of the year 2020, this year will see a global GDP growth rate of -3%. This is not only worse than the 2008 financial crisis, Gopinath writes; it is the worst recession since the great depression of 1930s. The cumulative losses to the global GDP over 2020 to 2021 is predicted to be equivalent to approximately 9 trillion dollars, which is greater than the economies of Japan and Germany combined.
How Can the Economy Bounce Back?
All these assumptions will hold true if the economic institutions are able to bounce back properly. The labour markets and human capital development may be stunted with the crisis in the health and the education sector. So, one of the most crucial factors of production might be in scarce supply even after the economy restarts, in most countries.
Investment is also likely to become a big problem as the investors are becoming increasingly risk averse in the wake of this crisis. This is particularly bad news for the developing economies, as they will be facing a lot of capital flight. This again will have negative consequences for the global economy. As a consequence there will be huge job losses, shutdowns and shrinking in the per-capita income.
Even the stock and commodities markets are in an exceptionally bad state. On May 13, both stock and oil prices have taken a hit, as there is an increasing fear of a second wave of Covid-19. Indices across the globe plummeted, especially after the statement by Anthony Fauci, the Head of Center for Disease Control, United States, signifying the possible negative consequences of an early lifting of the lockdown, therefore indicating the prolongation of the economic lockdown.
Can Digital Assets be the Answer to Global Financial Woes?
In the light of these instabilities in the global economic system, it is not surprising that people are looking for alternatives, and are in fact being compelled to do that. In fact, the World Economic Forum, which is the vanguard of the global economic order, has passed been considering how blockchain technology could be used to improve the global supply chains, to make them more resilient in the face of crises like these. Similarly, the COVID-19 crisis has led to a 72% increase in the use of fintech apps in Europe.
In late April, according to CoinMarketCap, Bitcoin prices rose by 23% to 9500 dollars in less than a day. This is indicative of a greater interest in cryptocurrencies; and also of the fact that how cryptocurrencies can be much more resilient in the face of a crisis, given that they are not subjected to policy changes, and other forms of market manipulation and direct exogenous forces affecting fiat and equities alike. Therefore in a globalised world they will show the way.
Why Cryptocurrency Trading has Seen a Sharp Rise
The uncertainty surrounding the current global economic scenario has renewed interest of many traders in the crypto sector. Almost all digital assets trading platforms, or cryptocurrency exchanges, have reported a sharp rise not only in number of new registrations, but in trading volumes as well.
Even new traders, without any previous experience in trading either traditional assets, or digital assets, are also taking the plunge into crypto trading. While these are exciting times, there are also risks associated with volatility of digital assets. However, with some inside knowledge into how trading (in its different avatars) works, traders can be empowered to take informed decisions and protect their investments alongside making handsome profits.
Leading digital assets trading platform, Bithumb Global, has introduced many innovative options which make trading easy in these times. For example in a time of capital shortage, margin trading can be a great way to leverage the opportunities of crypto trading to make profits.
How Does Leverage Trading Work?
While we have explained through a step-by-step guide on how new traders can register on the Bithumb Global platform for margin trading activities, let us explain the process and its intricacies a bit better.
Bithumb Global margin trading adopts the full-position mode, and provides 5X leverage. At the same time, when the transaction is generated, the currency is automatically borrowed and returned, eliminating the steps of active borrowing and repayment.
Considering you have registered onto the platform, or are logged in to it and have also transferred assets in your margin trading account, the system will automatically allocate funds based on the available assets in your margin trading account and leverage multiples. The borrowable value is the largest loanable asset that the user can currently borrow from the platform and it depends on how much asset the user hold in the margin trading account.
For example, if the amount of assets in the margin trading account is 10,000 USDT (it will show on the page), the user can borrow a maximum of 38,000 USDT. Therefore, through margin trading, the maximum amount that the user can operate with is 10,000 + 38,000 = 48,000 USDT.
Assuming that the price of BTC is 7000 USDT and you are bullish it will reach 8000 USDT, you can borrow USDT from the platform to buy BTC.
Now, your USDT position is 10,000 USDT and your maximum loan limit is 38,000 USDT. When buying 5 BTC for a pending order, a loan will be generated immediately after the pending order is placed. The loan amount is: 5 * 7000–10,000 = 25,000 USDT.
In the order operation area, click the loan summary to view the asset balance, loan amount and interest payable in each currency.
When BTC rises from 7000 USDT to 8000 USDT, you sell 5 BTC at 8000 USDT and the profit is 5 * (8000–7000) = 5000 USDT.
You open the position (your target of 8000 USDT per BTC) and once target price is reached, you need to close the position. Our platform provides users with three modes of operation:
1) Quick liquidate
In the Quick liquidate mode, the system will automatically calculate the user’s openable quantity. The user only needs to enter the target price and click “sell” to realize the sale of the pending order with the number of openable positions, thus achieving the effect of one-key closing.
2) Close loan
In the close loan mode, the system will automatically calculate the amount of money and interest payable by the user. The user only needs to enter the target price and the system will automatically calculate the amount to buy or sell. You can realize the pending order for the corresponding amount of loan repayment.
3) Normal orders
After opening a position, in the normal order placing mode, click 100% of the amount to buy or sell to realize the reverse opening order.
Let us take the long BTC as an example to understand the three modes. User buys 5 BTC at 7000 USDT, and closes the position when BTC rises to 8000 USDT. The user will automatically close the position by quick liquidate mode. The system will automatically calculate the number of BTC that the user can close. The user has to click “sell” after the BTC price reaches 8000 USDT, to generate a pending order to sell 5 BTC at 8000 USDT in the current commission area.
In the close loan mode, the system will automatically calculate the 25,000 USDT and interest payable that the user needs to repay the loan. When user enters 8000 USDT and click on “Sell BTC” to close the loan, he can generate 8000 USDT in the current commission area for sale.
In the normal order placing mode, the user enters 8000 USDT and clicks 100% to sell BTC. A pending order with a quantity of more than 5 BTC will be produced. After the pending order is completed, the position will be converted from long BTC to short BTC.
In summary, it is recommended that users complete the liquidation operation through quick liquidate when repaying the transaction. In addition, closing a position can also be done by transferring assets. The user transfers the loan amount from spot trading account to margin trading account, and the system will realize automatic repayment.
You have used money from the platform as a loan, bought assets, opened a position and made a handsome profit when the target was achieved. After paying back the loan as well as the interest on the money that you used, the remainder is your net profit.
Margin trading also protects your downside. Your investments are protected when the price of an asset goes down. There are stops placed at the lower end to help you minimize your losses. So it is imperative that you try out margin trading with a small amount to understand the nitty-gritties and feel confident about it.
All in all, margin trading has helped thousands of traders on Bithumb Global to leverage the current bullish sentiments in the cryptocurrency markets to make profits and hedge their risks in digital assets. Will you be the next successful trader?
submitted by AVAY11 to u/AVAY11 [link] [comments]
In recent days, bitcoin is almost the most popular topic. In just a few hours, its value could rise by a thousand dollars, or it could fall. Cryptocurrency, which once cost about a cent, is now bought for 10 thousand dollars, and the interest in it is huge. Now I will try to explain why Bitcoin is not an ideal solution to human problems.
Bitcoin is not regulated by any state. It's good. But bad, tooWho has the right to print money-the state or independent structures? Now, without exception, all countries believe that the state: it collects taxes, and prints the currency in which these taxes are collected. As soon as we break this chain, there are opportunities for all kinds of abuses-and for tax evasion, and for the financing of terrorism, and for the laundering of money obtained through criminal means.
"Bitcoin shows how great is the need for ways to launder funds," says Larry Fink, head of the management company BlackRock Financial Management, and most bankers and officials around the world agree with him.
The lack of a regulator is a good advertising sign, but it's actually a bit of guile. Control of the cryptocurrency is distributed among Chinese manners, who own most of the computing power, software developers and exchange platforms. And they can not agree on a single development of bitcoin.
Bitcoin for many is a replacement for rouletteOr, in financial parlance, it's a great asset to speculate on. Buying bitcoins is relatively simple, does not require any special knowledge and trips to investment companies. The cryptocurrency has very sharp fluctuations, which attracts a lot of "gamblers" — those who bet rather than invest-to "play" with the rate. This only increases the fluctuations and makes Bitcoin look like a pyramid scheme.
Bitcoin is very similar to the "bubble"At the time of the famous pyramid MMM critics warned: no asset in the world can not provide a yield of hundreds of percent per year. Bitcoin for the year has risen in price by 15 times, and it is increasingly compared to the "dotcom bubble" that burst in the early 2000s. then investors overestimated the economy associated with the Internet, not fully understanding its capabilities and device. There is a feeling that investors in bitcoin also do not understand how it works or what it can be used for.
Miners spend a huge amount of energyMining is required to create new coins and make transactions. Bitcoin uses a scheme for this process, which involves carrying out a huge number of calculations and turns into a waste of a large amount of energy. With the rising cost of cryptocurrency mining new bitcoins is becoming more profitable. Therefore, miners are increasing the capacity of their systems, and more and more energy is consumed. Now so much energy is spent on maintaining the work of bitcoin that it would be enough for some countries. Soon, according to this indicator, the cryptocurrency will overtake the energy consumption of Serbia, Denmark, and then Belarus.
In other words, for the system to function, we need to burn a huge amount of oil, gas and other raw materials. Is it worth it?
Bitcoin does not perform socially useful functionsThis argument is more philosophical than economic, although expressed by economists. Usually an asset is worth something because it is useful: we understand why we are willing to pay for oil, iPhones, hamburgers and so on — because all of this, roughly speaking, makes the world a better place. Bitcoin, according to economists — for example, Nobel laureate Joseph Stiglitz-does not change the world.
In response, one could argue that bitcoin and everything that happens around it is a test of the idea of cryptocurrencies for strength, which means that there is still a benefit, but is this benefit commensurate with the value of Bitcoin?
Bitcoin is an imperfect cryptocurrencyA huge number of different cryptocurrencies are trying to correct the shortcomings of bitcoin. As a result, there are already cryptocurrencies that provide:
submitted by liuidaxmn to u/liuidaxmn [link] [comments]
Bitmain Investigating ZHAN Ketuan And His Team For Embezzlement And Duty EncroachmentAccording to Jiemian.com, a core executive with Bitmain said, “Bitmain is investigating ZHAN Ketuan and his team for embezzlement and duty encroachment. We presume that’s why ZHAN keeps silent these days when WU Jihan said in a email that ZHAN was relived from all businesses.” As of press time, Bitmain made no comments on this news.
Samsung blockchain wallet already supports Elrond token ERDThe Samsung blockchain wallet already supports Elrond token ERD, Samsung users will be able to access tokens and decentralized applications (DApps) built on the Elrond network, and Elrond will be in direct contact with Samsung’s global customer base. Samsung blockchain wallets currently support BTC, ETH and AERGO tokens.
BTC.com’s real-time computing power in Bitco’s mining pool was overtaken by Yuchi Coin. Its ranking has dropped to third.The real-time calculation data of the BTC.com mining pool shows that BTC.com’s real-time computing power of Bitcoin’s mining pool has been overtaken by the fish pond and the coin printing pool. The current real-time computing power is 13110.00 PH/s, and the ranking has dropped to the third. . The coin printing pool ranked first with 15644.00 PH/s real-time computing power; Yuchi ranked second with real-time computing power of 14912.63 PH/s. In addition, BTC.com mining pool computing power share ratio on the 7th data shows that BTC.com mining pool computing power share ranking has also dropped to third, accounting for 15.3%; fish ponds with a 17.6% share First; the coin-printed pool is temporarily ranked second with a 16% share of computing power.
Number Of US Bitcoin Users Now Exceeds Maximum BTC SupplyAccording to a new Coinbase report, which was published on Bitcoin’s 11th anniversary, the number of Americans who use Bitcoin now exceeds the maximum circulating supply of the world’s first cryptocurrency. The San Francisco-based crypto behemoth has estimated that 27 million Americans use Bitcoin in 2019, which represents roughly nine percent of the US population. Meanwhile, there will be only 21 mln orange coins that will be mined in total.
BTC — BTC has continued to maintain range volatility since yesterday and is still hovering around $9200. In the past 24 hours, the net outflow of BTC capital has exceeded US $30 million, and the outflow of market capital has decreased significantly compared with the previous period. Yesterday, BTC fluctuated a lot. In the afternoon, it pretended to fall below the $9000 level and quickly rebounded to the highest around $9467. Then it rebounded slightly after stepping back on the $9000 support twice in the morning. At present, the short-term market is still in the stage of interval fluctuation, and frequent operation here may be more difficult. It is recommended to take the medium and long-term line as the investment target. The upper resistance level is close to $9600, while the lower resistance level is close to $9000. In terms of operation, it is suggested to control the position for the time being. The risk of further write back cannot be excluded here.
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Encrypted project calendar（November 1, 2019）
INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.***VeChain (VET)：”***01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM.uPlexa (UPX)： 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees.Enjin Coin (ENJ)： 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…”***Auxilium (AUX)：***01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity.***Havy (HAVY)：***01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.”Egretia (EGT): 01 November 2019 Global DApp Contest SF 2019 Egretia Global DApp Contest in San Francisco.EthereumX (ETX): 01 November 2019 Snapshot for ETX Holders “Next snapshot of ETX balances will be taken on 1st November 2019.”Veros (VRS): 01 November 2019 Transcoin Partnership “On November 1, Transcoin instant swap tool will be integrated into @VEROSFP platform.”Status (SNT): 01 November 2019 Governance Vote Closes “Community Governance Proposals are now live in the SNT Voting DApp.”Tael (WABI): 01 November 2019 AMA with Founders “Join us this Friday, 1st of November for a founder AMA. Our Q3 Recap comes out tomorrow and we know you’ll have questions!”IOST (IOST): 01 November 2019 Bounty Campaign Ends “Campaign ends tomorrow, 1st Nov, 8AM, GMT+8”
Encrypted project calendar（November 2, 2019）
Kambria (KAT)： 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!ABBC Coin (ABBC): 02 November 2019 One-on-one Servicer “Users will be provided with a new one-on-one service platform on Saturday.”
Encrypted project calendar（November 3, 2019）
Waltonchain (WTC): 03 November 2019 Premining Application End “Application for SMN & GMN $WTA pre-mining ends at 17:00 on Nov. 3 (UTC+8).”
Encrypted project calendar（November 4, 2019）
Stellar (XLM)： 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City.Cappasity (CAPP)： 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.Aion (AION): 04 November 2019 CASCON x EVOKE 2019 CASCON x EVOKE 2019 from Nov 4–6 in Toronto.ThoreNext (THX): 04 November 2019 Migration/Swap Begins “4 Nov 2019 Migration/Swap/Issuance start Check Your email 1st Nov To facilitate a streamlined Process, we will use proprietary software…”Ocean Protocol (OCEAN): 04 November 2019 Blckchn for Science Party “Join us on Monday for bottles and (data) models at the official Blockchain for Science afterparty at @betahaus “Factom (FCT): 04 November 2019 Grant Deadline “Have an idea you’ve been itching to build using #FactomProtocol? Apply for a grant (the deadline is November 4th):”Winding Tree (LIF): 04 November 2019 HackTravel London HackTravel London from November 4–6 in London.
Encrypted project calendar（November 5, 2019）
Nexus (NXS)： 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.”NEM (XEM)： 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019.TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!”aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks.ICON (ICX): 05 November 2019 Seoul Meetup “We are pleased to announce that the ICON x Steem DApp SEOUL MEETUP will be held in the ICON Lounge on November 5th.”Utrust (UTK): 05 November 2019 Lisbon Meetup “We’re hosting a meetup for anyone interested in blockchain & crypto adoption! Industry leaders like Cointelegraph, BetProtocol & others…”Siacoin (SC): 05 November 2019 Zurich Meetup “Join us Tuesday, Nov 5th in Zurich for a Sia meetup with CEO David, and devs Chris and PJ at @impacthubzurich.”OKB (OKB): 05 November 2019 Simulation USDT Futures “NEW LAUNCH: The much-awaited $USDT-Margined Futures Trading will soon be available on #OKEx… Simulation launching Nov 5”
Encrypted project calendar（November 6, 2019）
STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).Nebulas (NAS): 06 November 2019 Burn Deadline “Be sure to read this announcement & burn your $NAT by November 6th, 3:00p.m. (UTC+8, Beijing time).”Power Ledger (POWR): 06 November 2019 Book Launch ATTN Perth Power Ledger community, we will be hosting renowned economist Ross Garnaut at our WA office for the launch of his latest book…
Encrypted project calendar（November 7, 2019）
XRP (XRP)： 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore.BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.Waves (WAVES): 07 November 2019 Joins Odyssey “#Waves is joining Odyssey… We’re kicking off on Nov. 7 at Polaris…”Komodo (KMD) and 1 other: 07 November 2019 Block Party Amsterdam Block Party Amsterdam in Amsterdam from 17:30–22:00.Horizen (ZEN): 07 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
Encrypted project calendar（November 8, 2019）
BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…”OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia @sepu85 who will look at the benefits of creating
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.
Encrypted project calendar（November 11, 2019）
PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference.Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore.GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.
Encrypted project calendar（November 12, 2019）
BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13thBinance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore.Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”
Encrypted project calendar（November 13, 2019）
Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.”Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…”OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov.Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.”OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).
Encrypted project calendar（November 14, 2019）
BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15.Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFIHorizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from..Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019”NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have @Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”
Encrypted project calendar（November 15, 2019）
TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th”Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019.Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.”OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”
Encrypted project calendar（November 16, 2019）
Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…”NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.
Encrypted project calendar（November 17, 2019）
OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.
Encrypted project calendar（November 18, 2019）
Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”
Encrypted project calendar（November 19, 2019）
Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”
Encrypted project calendar（November 20, 2019）
OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!”
Encrypted project calendar（November 21, 2019）
Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “
Encrypted project calendar（November 22, 2019）
IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “https://preview.redd.it/nzjzeud0s2w31.png?width=630&format=png&auto=webp&s=56dad371610a3edff0dee5ef6ea19278a58cd3b4
One German bank has an original way to teach its clients about the world’s most popular cryptocurrency, Bitcoin (BTC). It needs only two old-school things to accomplish this: a pen and a paper.submitted by CryptoHamstereu to u/CryptoHamstereu [link] [comments]
Recently, Cryptonews.com wrote about the Bitcoin-bullish report published by German bank Bayern LB. We’ve had a chance to talk with the author of the September 2019 report, Senior Economist and FX Analyst in the research team of Bayern LB, Manuel Andersch.
Andersch told us that “’crypto’ is a rather meaningless word” to the Economic Research Department (which is the part of the bank looking into BTC), as the Department is exclusively interested in Bitcoin as an alternative monetary system, but also in the products and additional layers that are built on top of BTC as the base layer, such as the Lightning Network.
“There is a constant interest on the client side to learn more about Bitcoin,” the economist told us. These are the bank’s corporate and institutional clients that want to learn the basics of Bitcoin. This interest prompted the research team to create “a very newbie-friendly workshop,” aimed both at newcomers and those who want to expand their theoretical knowledge with an intuitive and practical experience,” the analyst said. Interestingly, the format of the interactive workshop, aptly called 'The Bitcoin Experience,’ allows for “a mixture of explanations and interactive simulation of the Bitcoin network” to be used in order to explain to the newcomers the basic functionality of Bitcoin – with pen and paper only.
“It’s always fun and it has helped many to understand the basic underpinnings of Bitcoin,” says Andersch, further explaining how the workshop actually works. The participants perform proof of work mining, with prime factorization as the “work,” and they create a blockchain with pieces of paper that relate to each other. They are also faced with a challenge on how to find a consensus about the state of this database in a decentralized network of participants (where nodes are bar tables). “In order to illustrate the economic incentives of the Bitcoin system, there are also mining rewards,” says Andersch.
Pieces of papers with A-Z letters on it are used as transactions, and these circulate in the room for the nodes to validate them according to established rules based on colors. In order to make a calculation for the proof of work, the participants map from letters to numbers based on the number of the letter in the alphabet (e.g. A = 1, G = 7). After five transactions, a block is full and “every node can start with the proof of work puzzle, in order to be THE node that can present its block as the new valid block to rest of the network.”
Andersch explains that the proof of work task is simply to perform prime factorization to the sum of the transactions (if it is not the genesis block to the sum of the transactions plus some number from the previous block). Smartphones are not really allowed when calculating the prime factors.
“The nice thing is that you can explain a lot using prime factorization,” the economist says, such as:
The supply inelasticity explains in large part why bitcoin is so volatile. Items with inelastic supply show a greater response to demand shifts than items with elastic supply. The same is true of demand: the more inelastic the demand, the greater the price changes in response to small fluctuations in either supply or demand. In the abstract example below, we show the relatively modest price ... Traditional approaches to understanding the value of bitcoin as money have failed. In this article we explore how function, faith and the availability of alternative assets will keep bitcoin ... This week’s Bitcoin.com podcast with our host ‘Bitcoin Brian’ features the e-money researcher and crypto-economist, Jon Matonis. The well-known economist is also the vice president of corporate strategy at the blockchain firm Nchain and served as the executive director of the Bitcoin Foundation until December 2014. Also read: Circle Financial Plans to Launch a New Investment App […] Starting as an idea in 2008, bitcoin became a mainstream currency option in just five years. Fittingly, the history of bitcoin reflects the cryptocurrency’s primary advantages and disadvantages. Development of Bitcoin Satoshi Nakamoto publishes a paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” on Oct. 31, 2008, outlining the invention. The latest article that came out in the Economist today makes a point that Bitcoin will likely never fully recover. But there were also other notes.
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