D A S H D İ A M O N D
Dash Diamond is a fork of the dash and PIVX blockchain, the most widely used and most secure encryption, when it comes to betting and masternode proofs. Dash Diamond, which has lower transaction fees than any credit card, better exchange rates than any state-backed currency, and faster transaction approvals than other digital payments, is the internet’s local currency.
A decentralized masternode platform.
Diamond Nodes will offer affordable masternode hosting, not everyone in today’s world can rent vps and write linux commands to launch a masternode. We’ll take care of the technical aspect of this and you’ll get passive income from your favorite masternode projects.
A decentralized multi-vendor Sunday Place
Diamond Bazaar offers retailers the opportunity to sell their goods and services online for digital currencies. We have signed agreements with the gift card supplier and mobile top-up provider. These services will be available for purchase when the Diamond market opens!
Native support for bitcoin cash is coming to HTC’s blockchain phone.
Today, HTC announced its partnership with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone. The new function will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also sell the Exodus 1 and all future versions.
In a statement, HTC’s chief decentralization officer Phil Chen called the update a natural next step for the phone. “The Zion Vault is happy to support BCH natively in hardware so security goes hand-in-hand in the BCH blockchain as an alternative to dominant payment rails and platforms,” he said.
With the partnership, Zion Vault, the phone’s key management software can now secure BCH transfers by signing off on transactions.
Prior to last February, HTC only accepted major cryptocurrencies bitcoin and ethereum. As of now, the phone is priced at $699.
First announced at Consenses 2018, HTC has regularly updated the Exodus 1 with new blockchain features. An update in May allowed users to directly swap cryptocurrencies within the Zion Vault wallet.
Exodus 1 may soon be replaced by HTC’s second-generation blockchain phone: the newer, cheaper Exodus 1s. Chen has previously told CoinDesk that the $200-$300 phone would ship in the third quarter.
HTC Exodus image courtesy HTC
- With the hash rate or miner’s confidence hitting record highs, bitcoin’s three-day narrowing price range looks set to end with a bullish breakout.
- A range breakout would open the doors to $10,956 – the bearish lower high created on Aug. 20.
- A break below Friday’s low of $10,154 would confirm a range breakdown and could yield a sell-off to $9,855 (Sept. 11 low).
Bitcoin’s latest bout of consolidation may end up with bullish breakout, as a key metric of miner confidence has hit all-time highs.
The top cryptocurrency by market value has clocked lower daily highs and higher daily lows over the last three days and is currently trading at $10,300 on Bitstamp, little changed on a 24-hour basis.
The cryptocurrency has charted the narrowing price range amid a surge in non-price metrics including a rise in the network’s hash rate – a measure of the computing power dedicated to mining bitcoin.
Notably, the two-week average hash rate reached a record high of 85 exahashes per second (EH/s) around 19:00 UTC on Friday. Further, mining difficulty – a measure of how hard it is to create a block of transactions – also jumped to a new all-time high of nearly 12 trillion.
Hash rate can be considered a barometer of miners’ confidence in the bitcoin price rally. After all, they are more likely to dedicate more resources to the computer intensive process that secures the network and processes transactions if they are bullish on price. Miners would likely scale back operations if a price slide is expected.
Hence, many observers, including the likes of Changpeng Zhao, CEO of Binance, and former Wall Street trader and journalist Max Keiser believe prices follow hash rate.
Zhao tweeted on Friday that, a rising hash rate means “more miners are investing in BTC,” while few other observers stated that sellers should think twice before betting against the most secure blockchain (the higher the hash rate of a cryptocurrency network, the more expensive it is to attack).
It is worth noting, though, that the market is divided on the relationship between price and hash rate.
Some observers believe the hash rate follows price and the metric’s stellar performance represents overtly exuberant miners.
That said, the price is likely to follow the hash rate this time, as over-exuberance is typically observed at market tops or near record highs. As of now, BTC is down almost $10,000 from the record high of $20,000 reached in December 2017.
Further, with the next reward halving (supply cut) due in less than a year, market sentiment is quite bullish. The sustained uptick in miners’ confidence is more likely to draw fresh bids, possibly leading to a positive feedback loop.
Daily and 4-hour charts
Bitcoin has charted (above left) back-to-back inside bar candlestick pattern on the daily chart over the last three days. The first inside bar appeared on Friday as that day’s high and low fell within Thursday’s trading range. The second and the third inside bar candle was created on Saturday and Sunday, respectively.
Inside bars indicate consolidation and lack of volatility, often ending with an explosive move on either side. A break below the first inside bar’s (Friday) low of $10,154 would imply range breakdown and could yield a stronger sell-off to levels below $9,855 (Sept. 11 low).
A break above Friday’s high of $10,458 would imply range breakout and open the doors to $10,956 (July 20 high).
The falling wedge breakout confirmed on the 4-hour chart (above right) last week is still valid. So, the probability of range breakout is high.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Harbor has pivoted from helping companies issue security tokens to helping them tokenize existing securities.
Announced Monday, the startup has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million.
The move is intended to make these private securities easier to trade for the 1,100 investors that hold them, along with 17 broker-dealers and 17 placement agents that work with the funds’ manager, iCap Equity.
“For years, we’ve been looking for ways to create the best investment experience we can and for us that means providing liquidity for them,” said Chris Christensen, CEO of Bellevue, Washington-based iCap.
The news also represents a strategic shift for Harbor, from helping clients raise funds by selling security tokens to providing an infrastructure layer for such instruments.
Harbor “evolved from crowdfunding and tokens to being the Salesforce.com” of the security token industry, said Josh Stein, CEO of San Francisco-based Harbor.
Initially, the company tried to build tokens backed by real-world assets. It reckoned that if investors were interested in initial coin offerings (ICOs) issued by projects with only a promise, they would “be excited” for backed tokens, Stein said.
However, he added:
“The overlap between investors demanding tokens and investors interested in security tokens was zero. People were buying tokens but they weren’t buying it to invest, they were buying it to speculate.”
Last year, Harbor partnered with DRW Holdings’ real estate wing to facilitate the sale of nearly 1,000 tokenized shares in an apartment building. However, the deal fell apart earlier this year due to issues between the mortgage lender and issuer.
Harbor is providing a user platform for the investors, broker-dealers and advisors, which includes a private marketplace they can use to trade the securities.
Christensen said the funds are “high-yield, [which] usually requires a lockup” under which investors contractually cannot sell their shares for three to five years.
“We just knew if we can provide measured liquidity for them and allow us to continue our business model [but] allow them to … exit as needed, that would be cutting-edge,” he said.
Typically, iCap investors buy securities and commit to the multi-year lockup. However, investors could need their money back before that period ended, Christensen explained. Under its old system, these investors would have to find another investor who would be willing to purchase the securities and commit to the remainder of the lockup period.
The process to find an investor interested in purchasing these securities and then transfer them was time-consuming and costly, but a market already exists: Christensen said his company has previously facilitated $2 million in trades for these funds.
“What Harbor does is they automate this entire process,” he added. “Those who want to come in come in, those who want to exit can do that.”
The 17 broker-dealers that now have access to the platform include Bradley Wealth, an investment advisor.
“It’s never going to be like a public market, but we can take something that’s illiquid or semi-liquid and make it more liquid,” Stein said.
‘Nobody’s marketing it’
iCap operates under Rule 144 of the Securities Exchange Act of 1934, which requires a one-year mandatory lockup period for securities sold, separate from the restrictions the firm imposes, Christensen said.
“Once you’ve held a security for one year, it can be freely tradeable,” he said.
What is interesting, Stein said, is that after this first year ends, non-accredited investors can trade the securities (though iCap approves the platform’s users, so it is not open to the general public).
“I don’t think it’s a goal but what it says to these broker-dealers and RIAs [is] that they have this investment … they can get their non-accredited clients into it,” he said.
He noted that unlike ICOs or other crowdfunding efforts, these fund shares, now represented by ERC-20 tokens on ethereum, are passive instruments.
“It’s not like when you think of ICOs or crowdfunding where somebody’s pushing an investment,” he said. “It democratizes it but nobody’s out there marketing it.”
Nevertheless, Stein said the new strategy is aligned with Harbor’s broader mission, concluding:
“What we’re hoping to do is increase access … in real estate and other [areas], which was kind of the promise of security tokens to begin with. We’re just going about it a different way.”
The team behind Ethereum Classic (ETC) has activated the Atlantis hard fork aimed at the improvement of the altcoin’s functionality and compatibility with Ethereum (ETH).
The news was announced in a Twitter post by ETC Director of Developer Relations, Yaz Khoury on Sept 12. Khoury congratulated the project with the development, saying:
“Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.”
Going according to plan
As such, ETC successfully performed the Atlantis hard fork in accordance with previously estimated time — between Sept. 12 and Sept. 13, 2019 — at block height 8,772,000. As ETC Labs told Cointelegraph in June: “The community has had a number of meetings to discuss timing, scope and involvement, and we have decided on the direction and timing of the Atlantis release.”
This hard fork is meant to improve security while taking into account the community’s concerns. It is also considered a no-rush update that will ensure the compatibility of ETC with Ethereum, making it easier to collaborate with sibling blockchains.
As reported in June, developers and contributors considered putting the hard fork at block number 8.75 million, predicting it to run on September 15. However, ETC Labs subsequently moved to increase the block number in order to have the projected update during the week, when more involved parties are more likely to be present to discover and deal with any issues that may arise.
Support from industry players
Following the hard fork announcement, ETC has received support from an array of industry players, including cryptocurrency exchange OKEx. The exchanges revealed its support on Sept. 10, also warning that it will handle related technical issues and resume services once the ETC mainnet is stable.
Yesterday, cryptocurrency trading platform Bitfinex announced that it will support the Atlantis as well.
Denver-based startup Dapix Inc. has raised $5.7 million in a Series A funding round led by Binance Labs, the company announced Thursday.
Launched in 2018, Dapix is building a delegated proof-of-stake (DPOS) blockchain to act as the connective tissue between cryptocurrency wallets, exchanges and other applications. The goal is to establish an industry standard across all blockchain platforms for sending and receiving payments in crypto.
“The FIO Protocol is the service layer to the entire blockchain ecosystem,” said David Gold, founder and CEO of Dapix. “[The goal] is to do for blockchain what HTTP did for the internet.”
So far, 24 different blockchain wallet applications have joined the non-profit arm of this initiative, which is known as the Foundation for Interwallet Operability (FIO) Consortium. In February, Binance’s Trust Wallet joined the FIO Consortium, which already includes non-custodial crypto exchange ShapeShift, ethereum wallet application MyCrypto and the official Bitcoin.com wallet.
Speaking about the joint effort, Binance Labs spokesperson Kathy Zhu said:
“We invested in the decentralized FIO Protocol because we believe that it has the ability to be the usability layer for the entire blockchain ecosystem. As a start, the FIO Protocol will work immediately across every blockchain. … Over time, Binance envisions the open source FIO Protocol becoming a usability standard that every blockchain-related product integrates.”
Joining Binance Labs in the Series A round are crypto investment firms Blockwall Capital, NGC Ventures and LuneX Ventures.
Dapix’s Gold highlighted the FIO Protocol is targeted for mainnet launch in the first quarter of next year. For now, Dapix and the 24 members of the FIO Consortium are testing out aspects of the protocol with the FIO Address Presale.
FIO addresses are meant to simplify the complex wallet addresses normally used to send and receive cryptocurrency payments. Unlike most other tools to simplify wallet addresses, the FIO protocol aims to standardize addresses across all blockchain platforms and applications.
“Our primary goal with the FIO Address Presale is not to generate the most income possible; it’s to generate engagement with the FIO Protocol,” Gold said, adding:
“We want to get as many people to reserve a FIO domain in advance so they’re ready to use it with their FIO-enabled wallet as soon as mainnet goes live.”
Among cryptocurrency enthusiasts, Tokyo is often mentioned as one of the most crypto-friendly cities in the world. Recently, it has especially become known for Bitcoin Cash (BCH) adoption, which is a cryptocurrency that has the characteristics of the original Bitcoin (BTC), as intended by the mysterious creator Satoshi Nakamoto. Bitcoin Cash is meant to be used as cash for daily transactions, while Bitcoin (BTC) is not as useful as before with its high transaction fees, etc.
Also read: 5 Key Concepts from Day One at Bitcoin Cash City
Three Days Subsisting on BCH
The Bitcoin Cash community in Tokyo is growing. I am an organizer of the Bitcoin Cash Meetup which currently has 1,500+ members. We meet up every Wednesday in Tokyo. I am also a Community Manager at Bitcoin.com and Satoshi’s Angels helping with the community’s growth and adoption of Bitcoin Cash.
Tokyo Survival Channel challenged me to survive 24 hours in Tokyo with only Bitcoin Cash (BCH) — no fiat currency. This was their rule:
All of the things you buy must be paid with BCH, or BCH converted into some kind of e-money. No “fiat” (=Japanese yen) can be used during the challenge. Have a normal city life in Tokyo.
I told them that it would probably be easy to do this, so they upped the challenge to 3 days/72 hours instead. I wasn’t sure if I could really get through 3 whole days without using any fiat currency, but I decided to take the challenge anyway.
Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project.
Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with features like privacy and permissioning.
The proposal was sent out in a Hyperledger mailing list email on Aug. 8, and if it is accepted, Pantheon will be renamed Hyperledger Besu (a Japanese term for base or foundation).
The approval would bring Pantheon’s protocol under Hyperledger, joining blockchain projects like Hyperledger Fabric by IBM and Hyperledger Sawtooth by Intel.
Notably, however, Pantheon would become the first public blockchain project added to the Hyperledger umbrella, meaning the Pantheon code would be published on Hyperledger’s proprietary GitHub page and open to contribution from developers already involved in the project.
Patheon runs on the Ethereum public network, private networks and test networks such as Rinkeby, Ropsten and Görli.
Hyperledger’s foray into ethereum began with Burrow, and the consortium has partnered with the Enterprise Ethereum Alliance to collaborate on common standards for the blockchain space.
The new proposal comes as Hyperledger enterprise blockchain competitor R3 announced last month that it was on a hiring spree, expanding its London office and opening a second engineering hub.
ConsenSys founder Joseph Lubin image via CoinDesk archives