Centauri – the community takes over

The Centauri (CTX) was a coin that was not publicly tradable at the time, and was particularly popular in German-speaking countries. It was originally the child of another potential snowball system. A Singapore based company called Global Dynamic claimed to make big profits by trading. Anyone who invested at least 1,000 US dollars could participate. In May 2016, Global Dynamic changed not only the company name and headquarters but also the payment system: instead of direct transfer to the bank account, the members of the company, now operating under the name “Alpha-Centauri”, received a crypto currency, the Centauri. This was then transferred by means of an exchanger (with substantial fees) in euro to the own bank account. Stupidly only that the Exchanger was closed after short time and the members remained sitting on their not listed crypto currency.

Nevertheless a large network with over 1,000 acceptance places for the Coin developed. When its most prominent sponsor, Michael Sander, announced in 2017 that he would be devoting himself to other projects from then on, this looked like the deathblow for the digital currency and the members’ investment. The best-known face behind the coin, on the other hand, should be happy today about the juicy profits made at that time.

The cryptosoft coin survives

What happened then, however, distinguishes the cryptosoft coin from other potential scams: The injured parties formed a group that gave the cryptosoft coin a new coat of paint as of February 2018. From the quite large community there were programmers who updated the blockchain – luckily the coin really had one – and brought it up to the current state of the litecoin.

They designed a new desktop and a paper wallet and put the private keys into the hands of the owners. Since November, the Centauri Coin has also been tradable on a stock exchange. The active members founded an association called D.I.F. by organising themselves today and working to revive the once large network of points of acceptance. So far they have kept the promises of their roadmap – this is rare even among established digital currencies.

Does the power that always “wants evil and yet creates the good” work here – freely according to Goethe?

Possibly. Because when a coin that was possibly planned from above as a scam becomes a real community project, this is quite remarkable. Of course, it remains to be seen in which direction the Centauri Coin will develop.

Current potential crypto trader candidates: Bitclub Network and BitcoinProfit

A current, still running example is the Bitclub Network. Here the crypto trader profits are allegedly achieved through mining. It has been proven that there is also crypto trader mining at the Bitclub, but it is questionable whether the coins created are sufficient to pay the claims of the members. Of course, caution is required here not to simply label the network as a pyramid selling system. But the distribution by a structure selling in combination with a certain intransparency do their remaining, in order to let caution prevail here.

The case of BitcoinProfit should be much clearer. An investment of at least 250 euros should allow thousands of euros to be earned here. In order to underpin this, even completely openly false reports are spread. Thus allegedly G?nther Jauch or Wolfgang Lippert are to have themselves on the television verplappert. Supposedly you would have divulged the secret of their fortune there: A system called BitcoinProfit. One looks for recordings of these transmissions in vain, because they never took place. But of course, with this system you can earn a huge fortune within a very short time with only a small investment… the same old story.

Vitalik Buterin: Ethereum inventor receives doctorate

Vitalik Buterin, founder and galleon figure of the Ethereum blockchain and the corresponding ether token, can now call herself “Doctor Buterin”. At the Dies Academicus on 30 November, the University of Basel awarded him an honorary doctorate.

We present: Dr. eth. Buterin! At the Dies academicus on 30 November, the University of Basel awarded Vitalik Buterin an honorary doctorate along with the writer Hansjörg Schneider.

Accordingly, the news spy press release states:

“The Faculty of Economics awarded its honorary doctorate to 24-year-old Russian-Canadian software developer and author Vitalik Buterin. He was honored for his contribution to promoting decentralization and equal participation in the news spy digital revolution, as well as for his achievements in crypto currencies, smart contracts, and institution building. The co-founder and inventor of “Ethereum” – a decentralized platform based on blockchain technology – wrote his scientific papers without an academic degree and university ties”. More about the news spy on onlinebetrug.

Dr. Vitalik Buterin – inventor of Ethereum, galleon figure of Bitcoin secret

This makes Buterin, born in 1994 (!), the first and youngest honorary crypto doctor in the Bitcoin secret field. The Canadian-Russian software developer began to learn about the Bitcoin secret at the age of 17. Without a university education, he acquired the necessary skills to extend the idea of the Bitcoin blockchain to Smart Contracts. With the “intelligent contracts” – the name suggests it – contracts can be mapped on the blockchain. It then executes them automatically. Based on the Ethereum blockchain, the basis for the majority of all ICOs is also mapped: the ERC20 tokens. As controversial as the ICO financing model may be, Buterin has thus taken the Bitcoin ecosystem a long way forward.

Blockchain in Basel
In addition to the Center of Innovative Finance, which was involved in the award ceremony, the Blockchain ecosystem is flourishing in Basel. The Blockchain Leadership Summit 2018 recently took place in Basel. There, greats from the ecosystem met and discussed the digital future and the development of Blockchain technology.

Altcoin Market Analysis KW10 – Monero Rally – Is the Crypto Spring Coming?

The total market capital has risen this week to 381 billion euros. With the exception of Litecoin, NEO and Cardano, all crypto currencies have risen to the top 10. In the course of this rally, Monero rose to 10th place among the crypto currencies.

The price development of the ten crypto currencies with the highest market capital, which is stated in billions of euros, is shown. For crypto currencies that are currently not directly exchangeable into euros, the respective trading pair was taken with US dollars as the basis and converted into euros.

For investors in the crypto sector, the Bitcoin revolution this week was quite pleasant

Market capital rose from 344 billion euros to 381 billion euros. The crypto currencies in the top 10 showed an average price increase of 7%. The Bitcoin revolution exchange rate rose by 18.5 %, significantly more than the average. The Ripple rate has only risen by 14% since yesterday – which can be attributed to rumours that Ripple was listed as another currency accepted by Coinbase. This week’s winner is the Bitcoin revolution: With a price increase of 34%, the crypto currency, which focuses on privacy, performed significantly better than all other crypto currencies. In the course of this rally, Monero was able to climb to 10th place in terms of market capital, thus displacing DASH from the top 10.

The loser in the top 10 was Cardano, whose price fell by almost 11%.

Best price performance: Bitcoin loophole

The development of the Bitcoin loophole course was not only remarkable within this week says onlinebetrug. It already started in February: Since 6 February, the crypto currency has risen by 168%. In addition to the upcoming hard fork, in which quite a few want to participate despite all the security warnings, an integration of Monero within the Ledger Nano S is on the horizon. Both events resulted in the price not only rising above the exponential moving averages EMA50 and EMA100, but also reaching levels that the crypto currency has not seen for over a month.

A positive MACD as well as an RSI at 64 lead to a bullish impression. The support is described by the uptrend since the beginning of February. The resistance corresponds to the maximum reached on January 20th.

Worst price development: Cardano

The Cardano price has been in a downward trend for some time now. Since mid-February, it has not been able to rise above the exponential moving averages EMA50 and EMA100. The downward trend pursued since 28 January (pale blue marked) was indeed broken by the sideways movement that had been continuing for two weeks. However, the price is still below the downward-trend since the beginning of February, which is marked in dark blue. The price is currently only slightly above the monthly minimum of February.

The negative, but slightly rising MACD and the RSI at 48 together with the price and trend speak a neutral to bearish language. The support is described by the minimum that has been tested several times since the beginning of March. The resistance is defined by the plateau at the end of February.

What are the reasons why blockchain investors choose Mauritius?

Narasiah points to the nation’s strong business and governance environment, which has been internationally recognized as the strongest in sub-Saharan Africa.

Regional driving force for the Bitcoin secret

According to the World Bank’s annual ‘Doing Business’ survey, Mauritius has the best business climate among the countries in the region and ranks 49th out of 190 countries worldwide. The World Bank’s ranking weighs factors such as simplifying the process of starting a business, enforcing contracts, obtaining credit, attracting Bitcoin secret investors and paying taxes.

In its annual competitiveness rankings, Mauritius has the most competitive economy, best infrastructure and highest-quality workforce in Africa, said the Bitcoin secret World Economic Forum.

Narasiah also highlights the country’s ongoing development of communications infrastructure – including projects to enable free Wi-Fi anywhere on the island and install fiber optic connections in every home – as a key incentive for technology investors.

The bridge to the major cryptosoft markets

Such stability and geographical location has made Mauritius a popular meeting place for financial cryptosoft services companies looking to enter new markets on the African continent. “Mauritius is a country many African governments want to emulate. So if there is a system in place that has been properly tested in Mauritius, there is some kind of security and credibility for this solution to cryptosoft marketing in Africa,” says Narasiah.

Mauritius has a bilingual workforce that speaks both English and French and has tax treaties with more than 20 African nations including South Africa, Zambia, Uganda and Rwanda.

The island nation also maintains close cultural and economic ties with India – an economy predicted to surpass China as the world’s most populous nation in the next decade.

About two thirds of the Mauritians are of Indian descent, and have been the largest single source of foreign direct investment in India in recent years. One of the reasons for this is a favourable double taxation avoidance treaty between the two nations.

21 Inc confirms strategy: Bitcoin-Miner for the masses

21 Inc today confirmed its strategy to distribute Bitcoin Miners in consumer electronics and hardware products.

The formal endorsement of the company’s objectives followed only a brief report that already reported on the Bitcoin start-up’s ambitions – 21 Inc wanted to use the mining chips built into its hardware products to further promote Bitcoin micropayments and stimulate the general public to become familiar with Bitcoin. If you compare today’s plans with the original company plans from autumn 2014, you can see how the strategy has changed and adapted over time, even though the core message of the strategy remained virtually unchanged.

Focus on the end consumer

In a blog post on Medium, 21 Inc CEO Balaji Srinivasan discussed, for example, how this strategy could use Bitcoin to authenticate devices or subsidize smartphones in developing countries.

Nevertheless, the whole system built around the key product and the extent of product development were only confirmed by Srinivasan himself:

“Our team… has not only built a chip, but a complete chain of technologies around the chip. This also includes reference devices, data sheets, cloud backends and software protocols.”

As with 21 Inc’s recent announcements, no precise details were given about the company’s schedules or developments.

Srinivasan also announced a change in leadership: He announced that former CEO Matt Pauker would take over the board, but did not provide details of the change. IT giant Cisco and former ARM CSO Mark Templeteon were also named as investors, but there were no details about a possible upcoming financing round either.

In a mailing, 21 Inc is said to have informed various developers about the development kit of the “BitShare” mining chip. Registrations for the Dev-Kit are now accepted on the company’s website, but exact details about the delivery are also sought in vain.

Generate added value

As in the previous public statements, Srinivasan resisted speculative use cases from Bitcoin and describes how 21 Inc aims to generate added value for Bitcoin small amounts through a precisely defined area of application.

The most important are the operators of large data centers who can benefit greatly from the integration of BitShare chips. 21 Inc has already held discussions with AMD, Comcast and Intel on the integration of the chips.

“This means that any chip that performs a day-to-day function, such as equipping a graphics card chip with a BitShare chip, can generate a constant income with an intact power and Internet connection,” said Srinivasan.

Srinivasan firmly believes that companies of all sizes can save costs with the 21 Inc BitShare chips.

In addition to large companies, 21 Inc also wants to focus on individual consumers and encourage them to join the Bitcoin network.

As can be seen in the 2014 company overview, 21 Inc wants to unite large companies and individual consumers in a huge mining pool and thus significantly increase the mining power and thus the income of each individual.

In addition to the everyday use cases for the BitShare chip, Srinivasan emphasized the integration into mobile phones, which will benefit users in developing countries in particular. The Bitcoin balance created by mobile phones could be used for online payments at the point where credit cards are normally requested. Most people in developing countries usually don’t have an account or credit card.

In addition, the successful iPhone subsidy model could also be transferred to 21 Inc technology. Users could, for example, purchase the latest models more cheaply if, in return and over a longer period of time, they prospect for Bitcoin shares and use them to offset the difference. The telephone is quasi self-financing – at least in part.