SIBCoin (SIB) Price Reaches $0.0631 on Exchanges

SIBCoin (SIB) Price Reaches $0.0631 on Exchanges … Ethereum Classic (ETC) traded 0.4% higher against the dollar and now trades at $4.35 or …

SIBCoin logoSIBCoin (CURRENCY:SIB) traded down 0.4% against the U.S. dollar during the 24-hour period ending at 14:00 PM E.T. on January 23rd. SIBCoin has a market capitalization of $1.09 million and $4,811.00 worth of SIBCoin was traded on exchanges in the last 24 hours. One SIBCoin coin can now be purchased for $0.0631 or 0.00001751 BTC on major cryptocurrency exchanges including Livecoin, Upbit, Bittrex and Cryptopia. During the last week, SIBCoin has traded 3.7% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $3,605.20 or 1.00000000 BTC.
  • Ethereum (ETH) traded down 0.7% against the dollar and now trades at $118.33 or 0.03283473 BTC.
  • Bitcoin Cash (BCH) traded up 3.8% against the dollar and now trades at $134.70 or 0.03737903 BTC.
  • Litecoin (LTC) traded 1.4% higher against the dollar and now trades at $32.31 or 0.00896669 BTC.
  • Monero (XMR) traded down 0.5% against the dollar and now trades at $45.33 or 0.01257720 BTC.
  • Ethereum Classic (ETC) traded 0.4% higher against the dollar and now trades at $4.35 or 0.00120781 BTC.
  • Zcash (ZEC) traded up 0% against the dollar and now trades at $52.82 or 0.01465746 BTC.
  • Dogecoin (DOGE) traded down 0.5% against the dollar and now trades at $0.0020 or 0.00000057 BTC.
  • Bitcoin Gold (BTG) traded 0.6% higher against the dollar and now trades at $11.42 or 0.00316988 BTC.
  • Nano (NANO) traded 8.7% higher against the dollar and now trades at $0.98 or 0.00027071 BTC.

SIBCoin Profile

SIBCoin (CRYPTO:SIB) is a proof-of-work (PoW) coin that uses the X11GOST hashing algorithm. It launched on May 9th, 2015. SIBCoin’s total supply is 17,315,181 coins. SIBCoin’s official website is sibcoin.money. SIBCoin’s official Twitter account is @SibChervonec and its Facebook page is accessible here.

SIBCoin Coin Trading

SIBCoin can be bought or sold on these cryptocurrency exchanges: Livecoin, YoBit, Cryptopia, Upbit, C-CEX, Bittrex and BTC-Alpha. It is usually not possible to purchase alternative cryptocurrencies such as SIBCoin directly using US dollars. Investors seeking to acquire SIBCoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase SIBCoin using one of the aforementioned exchanges.

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How Do We Decentralize KYC Data? Hacker Sells User Data from Major Exchanges

The proposed “KYCE” — an Ethereum based smart contract — would use a cryptographic accumulator to store an easily amended white list of …

When users enter the crypto space, they may experience the troublesome process required by exchanges and ICOs — know-your-customer (KYC). KYC is the backbone of government oversight on modern financial institutions, aiming to keep tabs on investors and prevent money laundering.

KYC, however, can result in identity theft security risks and violations a user’s right to privacy. While certain exchanges have maintained their ideological views and have avoided implementing KYC, many are realizing the necessity of complying with government regulations to continue operation without trouble.

The implications of KYC afflict exchanges and customers alike as darknet market vendor “ExploidDOT” attempts to sell user data from various top exchanges.

According to CCN.com, the hacker posted an ad in July 2018 and has been peddling identity cards, driver’s licenses, social security numbers, and more. The hacker claims to have obtained documents from Bittrex, Poloniex, Bitfinex, and Binance in the hundreds of thousands.

A CCN.com informant claims to have contacted the individual and received sample documents to prove the legitimacy of this claim. While the validity of this claim is difficult to determine, the implications of compromised KYC data exist regardless.

Many jurisdictions have KYC rules that require a multitude of documents that can be used for innumerable malicious activities if stolen. Hackers could easily take out loans or mortgages or purchase items online with available information, spelling disaster for customers.

The necessity to hand over one’s information to numerous centralized companies results in an unmanageable security risk. In the crypto space, this risk is ten-fold as numerous dishonest and poorly managed exchanges and projects get user data handed to them on a silver platter. In addition to many users storing their tokens on exchanges, the exposure to hackers and theft has become worrisome.

What can exchanges do about KYC laws though? When caught between upholding ideological beliefs and the full force of powerful governments, often there will be an unfavorable compromise. To not uphold KYC practices would be to sentence budding exchanges to a swift and early death. If this is the case, a workaround that both complies with regulation and preserves privacy and security must be created.

A team at the University of Luxembourg has developed a paper detailing a smart contract-based method for decentralized identity management. The proposed “KYCE” — an Ethereum based smart contract — would use a cryptographic accumulator to store an easily amended white list of addresses. Zero-knowledge proofs are implemented to verify users’ eligibility of different transactions without disclosing their private information to anyone except the KYC provider.

Exchanges or token creators can facilitate KYC-compliant smart contracts that automatically verify each transaction and determine whether a user has sufficient legal permission before executing the order. While this approach still places individuals at the mercy of government regulations, their information is protected by the security of the blockchain and exposure is minimized.

Additionally, if an external KYC provider was utilized, exchanges could streamline their signup process and incentivize those new to crypto to take part.

Short of a full crypto takeover of global payment systems, KYC is likely to exist and be required. The best option is to come up with decentralized solutions that are a compromise with existing ones until a paradigm shift allows decentralization to permeate all levels of society.

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Bittrex to enter emerging OTC space

Bittrex has now made an announcement via twitter about a launch of an OTC platform as the value over-the-counter trading surges to be on a par with …

We reported back in October 2018, about the outpacing interests of institutional clients in over-the-counter (OTC) markets instead of exchanges to enter the bitcoin space, as per the Forbes report.

The aggressive aspirants of cryptocurrencies expect that the exchanges should contain major digital assets in order to execute different trade strategies, such as, trading, arbitrage, swapping and for hedging. Some renowned exchanges like Binance, Poloniex, and Bittrex etc are satisfying these needs.

Well, Binance offers more than 290 trading pairs and while Bittrex offers 260 cryptocurrencies.

Most importantly, please be informed that many coins indicate lack of scrutinizing procedure for their authenticity. Quite a few coins on such exchanges have had the instance of scams and been delisted in the recent past because of the inadequate volumes.

OTC trading platform or fiat to cryptocurrency platform enables users to place orders with their specified payment method. Further, it allows them to proceed the order with the self-selected exchange rate to trade cryptocurrencies with fiat currencies.

Bittrex has now made an announcement via twitter about a launch of an OTC platform as the value over-the-counter trading surges to be on a par with retail exchanges.

However, it is wise to know where is the demand intensifying from? What has prompted OTC demand

Bittrex has joined top exchanges Coinbase, Circle, and Bitfinex with an over-the-counter (OTC) trading platform that will offer nearly 200 crypto assets.

This is a significant increase from the limited selection of cryptocurrencies that can be traded with OTC firms like Circle, Coinbase, and Cumberland, and reflects the continued development of a market that has seen a resurgence as prices have fallen. Courtesy: BNC

Currency Strength Index: FxWirePro’s hourly BTC spot index is flashing at -66 levels (which is bearish), while hourly USD spot index was at -14 (mildly bearish) while articulating at (12:08 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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Dynamic Price Reaches $0.31 (DYN)

Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $4.32 or 0.00119957 BTC. Zcash (ZEC) traded up 1% against the dollar …

Dynamic logoDynamic (CURRENCY:DYN) traded down 2.4% against the U.S. dollar during the one day period ending at 11:00 AM E.T. on December 30th. One Dynamic coin can now be purchased for $0.31 or 0.00008483 BTC on popular cryptocurrency exchanges including Upbit and Bittrex. In the last week, Dynamic has traded 3.8% higher against the U.S. dollar. Dynamic has a total market cap of $964,529.00 and approximately $8,884.00 worth of Dynamic was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $3,604.57 or 1.00000000 BTC.
  • Ethereum (ETH) traded up 0.7% against the dollar and now trades at $118.62 or 0.03291582 BTC.
  • Bitcoin Cash (BCH) traded 1.6% higher against the dollar and now trades at $125.07 or 0.03470522 BTC.
  • Litecoin (LTC) traded 1.5% higher against the dollar and now trades at $31.60 or 0.00876752 BTC.
  • Monero (XMR) traded up 2.4% against the dollar and now trades at $45.46 or 0.01261523 BTC.
  • Ethereum Classic (ETC) traded up 0.7% against the dollar and now trades at $4.32 or 0.00119957 BTC.
  • Zcash (ZEC) traded up 1% against the dollar and now trades at $53.04 or 0.01471696 BTC.
  • Dogecoin (DOGE) traded down 1.7% against the dollar and now trades at $0.0021 or 0.00000057 BTC.
  • Bitcoin Gold (BTG) traded up 1% against the dollar and now trades at $11.28 or 0.00312981 BTC.
  • Steem (STEEM) traded 2.6% higher against the dollar and now trades at $0.40 or 0.00011008 BTC.

Dynamic Coin Profile

Dynamic (DYN) is a proof-of-work (PoW) coin that uses the Argon2 hashing algorithm. Its launch date was May 5th, 2017. Dynamic’s total supply is 14,348,337 coins and its circulating supply is 3,155,184 coins. Dynamic’s official Twitter account is @dualitychain and its Facebook page is accessible here. The official website for Dynamic is duality.solutions.

Dynamic Coin Trading

Dynamic can be bought or sold on these cryptocurrency exchanges: Bittrex and Upbit. It is usually not possible to buy alternative cryptocurrencies such as Dynamic directly using US dollars. Investors seeking to trade Dynamic should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dynamic using one of the exchanges listed above.

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Stellar (XLM) Tops One Day Volume of $120.90 Million

Stellar (CURRENCY:XLM) traded up 0.1% against the dollar during the one day period ending at 10:00 AM ET on January 22nd. One Stellar coin can …

Stellar logoStellar (CURRENCY:XLM) traded up 0.1% against the dollar during the one day period ending at 10:00 AM ET on January 22nd. One Stellar coin can currently be purchased for approximately $0.10 or 0.00002891 BTC on major exchanges including HitBTC, OKEx, OTCBTC and Gate.io. Over the last seven days, Stellar has traded 3.2% lower against the dollar. Stellar has a market cap of $1.99 billion and approximately $120.90 million worth of Stellar was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • XRP (XRP) traded down 0.3% against the dollar and now trades at $0.32 or 0.00008878 BTC.
  • Tether (USDT) traded flat against the dollar and now trades at $1.01 or 0.00028133 BTC.
  • TRON (TRX) traded 5.7% higher against the dollar and now trades at $0.0266 or 0.00000740 BTC.
  • Bitcoin SV (BSV) traded 0.7% lower against the dollar and now trades at $75.12 or 0.02087607 BTC.
  • Binance Coin (BNB) traded 0.1% lower against the dollar and now trades at $6.49 or 0.00180481 BTC.
  • NEO (NEO) traded up 1.8% against the dollar and now trades at $7.72 or 0.00214518 BTC.
  • VeChain (VET) traded 10.1% higher against the dollar and now trades at $0.0045 or 0.00000126 BTC.
  • TrueUSD (TUSD) traded flat against the dollar and now trades at $1.01 or 0.00028102 BTC.
  • Chainlink (LINK) traded up 12.5% against the dollar and now trades at $0.55 or 0.00015163 BTC.
  • Zilliqa (ZIL) traded up 6.1% against the dollar and now trades at $0.0223 or 0.00000619 BTC.

About Stellar

Stellar’s launch date was July 19th, 2013. Stellar’s total supply is 104,662,581,680 coins and its circulating supply is 19,129,820,782 coins. Stellar’s official message board is stellarcommunity.org. Stellar’s official website is www.stellar.org. The Reddit community for Stellar is /r/stellar and the currency’s Github account can be viewed here. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here.

Buying and Selling Stellar

Stellar can be purchased on the following cryptocurrency exchanges: Vebitcoin, Stellarport, Kryptono, OKEx, Stellar Decentralized Exchange, Binance, Kraken, Koineks, OTCBTC, Exmo, Kuna, Huobi, C2CX, Ovis, GOPAX, ZB.COM, Upbit, CryptoMarket, HitBTC, BCEX, ABCC, BitMart, Gate.io, Bittrex, Poloniex, RippleFox, Exrates, Koinex, Bitfinex, CEX.IO, CoinEgg, Indodax, Stronghold, Cryptomate, Kucoin, Liquid, Bitbns and Sistemkoin. It is usually not possible to purchase alternative cryptocurrencies such as Stellar directly using US dollars. Investors seeking to acquire Stellar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Stellar using one of the exchanges listed above.

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