Why Bitcoin Just Dropped 30%

Why Bitcoin Just Dropped 30%


Since hitting a record high of over $2700

on Thursday, the digital currency Bitcoin has gone into a sharp correction, losing nearly 30% of its value in just two days, according to numbers from CoinMarketCap. A broad range of cryptocurrencies, including Ethereum, Ripple, Litecoin, Dash, and Monero also declined, in most cases dropping even more steeply. Some analysts have described this as profit-taking, which would suggest the declines will level off. But technical analysts speaking to CNBC say the losses could go as deep as 46.5%, pushing Bitcoin down to $1,470.

A look at history suggests even that might not be the floor. The cryptocurrency rally of the last six months is strongly reminiscent of a Bitcoin bump that unfolded from October to December of 2013 when the price skyrocketed from under $130 to over $1100. That was followed not just by a correction, but by a long, slow decline that had prices pared back to just over $200 within a year, followed by two years of steady, but slow, growth.

It’s unlikely that the same precise pattern will repeat itself, mostly because the ecosystem of startups and services surrounding cryptocurrency is vastly more robust now than it was four years ago. But a vital lesson still holds: cryptocurrency prices are volatile because very few speculators actually understand the technology or its potential, leaving it vulnerable to reactive, emotion-driven swings.

For proof, just look at how closely various cryptocurrency tokens' prices are tracking each other, regardless of their often very different realities on the ground. Bitcoin is the first and most basic form of cryptocurrency, with a lot of adoption and stability, but relatively few features. Ethereum is a robust ‘smart’ system that is already being widely adopted for building complex data-sharing applications. And Ripple is a mostly privately-held solution focused on interbank transfers. Yet the three tokens' charts for the last few months are remarkably similar. That suggests very little close analysis by those buying into cryptocurrency (and likely a lot of purely algorithmic trading).

The fundamental reason for these massive price swings is that the promise of blockchain tech is simultaneously so profound and yet so far from fruition. Even if one accepts the idea that blockchains will someday underly everything from health records to insurance, the road to overhauling those systems will be long and winding. We’ll see many more rallies and retreats along the way.

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member

Peach Airline to Accept Bitcoin After Japan Recognizes Cryptocurrency

Peach Airline to Accept Bitcoin After Japan Recognizes Cryptocurrency


Peach Aviation will be the first Japanese airline to accept bitcoins

as payment for plane tickets, according to a statement made by the budget carrier’s CEO Shinichi Inoue on May 22. Peach also plans to install bitcoin ATMs in Japanese airports as part of its bid to attract more tourism from Asia. Peach operates domestic flights as well as flights to China, Korea, and Thailand, and passengers should be able to purchase tickets with Bitcoin by the end of the year, Inoue said. Although Peach is not the first carrier to embrace the cryptocurrency, the decision is still significant.

Three years ago, airBaltic became the very first airline to accept bitcoin payments. In 2015, the Universal Air Travel Plan (UATP), a payment network owned by a consortium of major international airlines, partnered with Bitnet to accept cryptocurrency payments for its more than 260 member airlines. UATP’s membership represents approximately 95 percent of global airline capacity, and the industry group had earlier added support for other alternative payment options like PayPal and Alipay.

Although paying for airline tickets with bitcoin on most major airlines is technically possible, it’s still up to individual airlines to decide if they will support the practice. As of yet, only a handful have elected to do so, despite the anti-fraud benefits of bitcoin transactions. Third-party online travel booking sites like CheapAir and Expedia accept bitcoin payments, but precious few airlines feature a simple “Pay With Bitcoin” button that UATP’s integration supports.

Peach’s announcement comes hot on the heels of a landmark regulatory decision: Japan’s official recognition of bitcoin as a legal payment method, thanks to an act of parliament that took effect on April 1. The law came as the result of more than a year of debate in Japan about how to handle the cryptocurrency. The Japanese parliament first called for the regulation of bitcoin and bitcoin exchanges by the country’s Financial Services Agency, the country’s financial regulatory watchdog, in May of last year.

The new law also brings Japan’s bitcoin exchanges, which handle nearly half of global trading volume, under the same know-your-customer and anti-money laundering rules that apply to banks and other financial institutions. Bitcoin exchanges in Japan must now meet minimum capital requirements, follow operational and cyber security best practices and submit to annual audits by the Financial Services Agency. More than twenty exchanges have applied for FSA licenses since the new law took effect.

Even before the Japanese government officially recognized bitcoin, merchants were already rushing to accept payment with the cryptocurrency. Merchant adoption of bitcoin quadrupled last year, from about 900 merchants at the start of 2016 to more than 4600 today, according to a survey by NHK. The rush of acceptance of the new payment method comes as consumer spending in Japan has stagnated in recent years. Earlier ideas to boost consumer spending included “helicopter money” or simply mailing checks to Japanese citizens, but now both merchants and the government are hoping that a new payment method will encourage consumers to get out and spend.

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member

Top Cryptocurrencies in Korea

Top Cryptocurrencies in Korea

Korea is quickly becoming a very important trading market for popular cryptocurrencies.

Several exchanges in the region are generating a fair amount of volume over the past few weeks. It looks like certain currencies are more popular compared to others, which is not entirely surprising. Below are the rankings for cryptocurrency trading pairs based on their KRW volume.



Although very few cryptocurrencies are actively traded against the Korean Won right now, Dash is one of them. Unfortunately, it does not appear like this market is all that successful. Bithumb is the only major exchange listing DASH/KRW trading, and it seems there is less than US$1m in volume over the past 24 hours. It is good to see this currency make inroads in Korea, though.



The silver to Bitcoin’s gold is not making too much headway in Korea either right now. That is not surprising, considering very few markets seem to lean toward LTC as of right now. It is unclear why Litecoin has so little trading volume – and associated price gains – these past few weeks, though. Korea will not shake up things according to the current volume, but things may change for the better in the future. The past 24 hours saw just under US$4.5m worth of Korean Won in trading volume.



It is anything but surprising to learn Korean traders favor XRP over Litecoin and Dash. The recent wave of XRP news has attracted a lot of attention. Moreover, a few banks in the country are using the Ripple Consensus ledger for blockchain experiments as of right now. XRP is quite popular in Japan as well, and it looks as if Korean cryptocurrency traders follow those trends quite closely. XRP Generated around US$15.7m in trading volume over the past 24 hours. 



The world’s leading cryptocurrency is not leading any trading volume charts across major Korean exchanges as of right now. While the trading volume is quite substantial, it doesn’t even come close to the market leaders. Bitcoin can be traded on all major exchanges, though, yet it seems people are more interested in picking up alternative currencies right now. A very interesting situation to keep an eye on for sure. The Bitcoin trading volume sits at around US$100m over the past 24 hours.



It has to be said, Korean cryptocurrency traders have high hopes for Ethereum as of right now. Demand for Ether is absolutely exploding across all major exchanges, although it is not enough to make Ethereum the most-traded currency. The past 24 hours saw nearly US$200m worth of trading volume in Korean Won. That is absolutely amazing, but there is one currency which is even more successful.

Ethereum Classic


It is quite intriguing to see Ethereum Classic top Ethereum based on KRW trading volume. This is rather surprising to some people, although Ethereum Classic is solidifying its position in the market. It is also the original Ethereum blockchain without the DAO bailout fork, which means a lot to die-hard community members. All major exchanges list Ethereum Classic trading pairs, resulting in over US$220m worth of 24-hour trading volume. The race between ETC and ETH is in full effect in Korea, that much is evident.

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member

Billy Draper’s Investment Tips – Cryptocurrencies, ICOs, Bubbles: CT Exclusive

Billy Draper’s Investment Tips – Cryptocurrencies, ICOs, Bubbles:
CT Exclusive


The Draper family is well-known to the Bitcoin community.

Tim Draper is one of the most active investors in the Bitcoin ecosystem: back in 2014, he bought 30,000 BTC as part of the government auction and up until now he is said to keep purchasing Bitcoin and to own Ether. Besides, he used his reserve of Bitcoin to fund the startups of Boost VC (with 300 BTC each), his son Adam Draper’s Virtual Reality, Blockchain and Bitcoin venture capital firm.

However, Tim has recently announced his readiness to take one step further in his relationship with the crypto world and participate in ICO – of a company called Tezos, a “new Blockchain platform launched by a husband and wife team with extensive Wall Street and in hedge fund backgrounds.” Not so long ago Boost VC also followed his footsteps and wrote in a blog post that they were willing to invest directly in ICOs.

In an exclusive interview to the Cointelegraph at Arctic15 in Helsinki, Billy notes that for the Drapers ICO is a new opportunity. “In the last month and a half, we have seen a lot of ICOs,” explains Billy Draper, Tim’s son and currently a Partner at Draper Associates. “Since Gnosis, in the last month we have seen six or seven opportunities either asking us to participate, or to market, or do something, but we’ve been still sorting it out.”

Addressing to the crypto community, Billy notes:

“You have changed the whole dynamic of funding. You have taken the best parts of Kickstarter, the best parts of Venture Capital, the best parts of tech community, and you said: Hey, we are going to release a new token, this token is going to be used specifically for making predictions, and all the engineers who are interested in that come buy those tokens, and then you can increase the value of those tokens by building applications on our token.”

Billy Draper is the one responsible for seed-stage investments in companies such as Robinhood, Laurel & Wolf, Tempo Automation, and LawTrades. He is in charge of sourcing and driving investments across all sectors, with some slant towards financial technologies, marketplaces, and logistics. Prior to DA, he worked in Operations at Facebook and Product Design at ApartmentList. He was named to the 2016 Forbes '30 Under 30' List for Venture Capital. “And because you bought that application, the price or the value of that currency goes up,” he continues. “And there is something so beautiful about that – that is why we are excited about crypto in general and now we are actually starting to think about ICOs.”

Is it going to be Bitcoin and Ethereum forever?

Billy admits that cryptocurrencies are probably relatively small and it’s not the focal point of the fund yet even though they do look for deals in crypto – Bitcoin, Blockchain and ‘whatever the next token is’. “We know that there will be a sort of cryptocurrency revolution, it has already started, this is no longer a science project,” he says. “This is now huge multibillion dollar industry if you take a look at the the market cap of Bitcoin, Ethereum, and now Ethereum is worth a few billion dollars, and people are building token on top of Ethereum.” However, the question that comes – Is this going to be driven, is this sort of the revolution in crypto going to be driven by 25 different cryptocurrencies or a hundred different currencies? Or is it going to be the winner takes it all?

“The reasons why new tokens pop up is because they find problems with the old ones or perhaps not problems, but opportunities to build a currency more focused on solving one problem – governance, or smart contracts, or anonymity,” Billy continues. “Another thing I like about other currencies popping up is that now Bitcoin is the gold standard to buy into the other cryptocurrencies.” The Drapers do believe that there is something behind Bitcoin and Blockchain tech in general. On the one hand, they have inherited connections and wealth from their father and grandfather. But on the other hand, they have been raised with “anything-is-possible” mentality, the Silicon Valley’s spirit of individualism and relentless optimism.

Billy shares his optimism about cryptocurrencies:

“It is not because cryptocurrency is a cool new thing – it is because of there is an incentive structure, it’s because you are taking some of the smartest engineers in the world. The coins that fail are going to be those that don’t have real world applications, the ones that are going to be successful are the ones that fulfill the promise.”

For venture funds, it would be better if cryptocurrencies and ICOs were regulated because that would make investors feel safer. Right now there is no legal ground, so you can’t ask for your money back. “We would definitely be worried about the bubble, but there is also a fear of missing out, and you have to believe in the promise,” Billy notes. “Not necessarily in the whole market of crypto but you have to believe in the promise just like people now believe in the promise of Bitcoin and Ethereum. So yes we would be worried about the bubble but just like everyone. But I don’t think we could live our lives worrying about that.”

How to invest in ICOs and cryptocurrencies, what to consider

In the early 1980s, Tim Draper was exploring the opportunities of Silicon Valley – he had an engineering degree from Stanford and a diploma from Harvard Business School and so he was trying to figure out what to do next. He started his own firm, which later became the founding investor in Baidu and Tesla Motors and backed the likes of Hotmail and Skype. They say it is the ‘Draper luck’. “If you talk to all the great venture capitalists in the history, all of their failures have been failures to act,” explains Billy. “It is not like I invested into something and It went to zero. Because you can invest in something that goes to zero, but then you can invest in something that goes to thousands, so one X downside, thousand X upside.”

He points out that we could always talk ourselves out the investment, just like we are going to talk ourselves out of an ICO, or investing money directly into cryptocurrency, or a platform built around the cryptocurrency, but the potential opportunity we would miss is what would drive us crazy. Right now ICOs are small projects with sometimes not very experienced teams who are doing mostly marketing, raising up millions of dollars without having a product. You can get the interest really high in the ICO: you do the offering, you limit the number of tokens, you create a supply on the marketplace and then you could drive up the price because of who is involved and who is building but eventually the apps have to be built. What is important is that the promise has to be fulfilled.

“When it comes to ICOs, the criteria would be if you are an investor interested it is not hard to reach out to these people, if they have a white paper, they usually have contact, if they want questions, they want to be challenged,” says Billy. “You need to believe in the team and the team should be aware of that and the team shouldn’t try to hide behind wherever and more people do that. This is very encouraging, they publish a whitepaper saying hey contact us, this is how we are going to do this, how we are going to implement this, this is the background that we have.”

Billy also recommends investors to diversify and participate in several ICOs to make sure their crypto portfolio has some exposure to some other currencies. They should understand how the market is going to function, that this crypto could go to zero, it could fail, it could be dead, or there is a bigger risk, which we don’t typically have to deal with which is it could be stolen. “What I would do is probably work with the crypto expert, who I trust and ask him if he would consult me and make sure I do it in the right way,” he says. “You look at what applications could be developed for it, so why does this exist, what is the specific use for this that can’t be done elsewhere and if those applications were to be built, what is the market size of that, based on the market cap, then you would approach it the way we approach startups.”

Billy concludes by saying that team and real world application are the two criteria for a success, the real world applications that people need to connect. Previously, in the Cointelegraph we have covered several examples of how real world economy can benefit from the crypto economy. The latest case of such type of a project is Primalbase, which claims to transform traditional office rental into a new-generation community-based ecosystem where one can share, sell or rent out high-quality office spaces using Ethereum and Waves-based digital tokens. In other words, it’s distributed workspace for the tech community in the manner of WeWork but in crypto tokens.

Billy Draper says about it:

“That’s cool, they found a real world application, and that’s what we want to see – we don’t want to see more coins in the world. That is a game-changing thinking, the same with real estate. Renting out these tokens? That is how you start the real revolution, that’s how things will go from Bitcoin sort of still crypto community which is getting bigger.”

We end our conversation with Billy with asking for a general advice about cryptocurrency investment. And he tells us that the best way to start with is to learn about cryptocurrencies that you think are the most interesting, the specific ones. Then you should start trading them, in some small way – you don’t have to start with a huge million dollar investment in a cryptocurrency. You should start to feel and understand the volatility of the market, to understand what drives the market and how you can play into that.

He concludes:

“I would suggest just like with anything – make sure you know what you are getting into, so there are no surprises, and if the token goes to zero, that’s the risk to take. And on the upside make sure you are investing in a token you believe in. If you are trying to pick winners, make sure you pick winners that you feel very comfortable about what they are going to develop.The key is user education, just make sure you understand what you get into, there is a certain risk.”

Chuck Reynolds
Please click either Link to Learn more about –

Alan Zibluk – Markethive Founding Member

How Do I Buy Cryptocurrency?

How Do I Buy Cryptocurrency?

If you don’t know about cryptocurrency yet don’t worry,

you haven’t missed the boat. When you start to see some of the returns this all-new asset class is making you might think it’s too late… But it’s not. And we should know. We’ve been involved in this sector for over seven years. Considering the sector itself is only eight years old, that’s saying something.

We were dabbling in Bitcoin in 2010. We were trying out ‘altcoin’ (now called cryptocurrency) in 2014. We’ve spoken to developers of cryptocurrency and we’ve tried or investigated every which way you can buy, sell and trade in them all. Still, the average person on the street has no idea what cryptocurrency is. Most of them still don’t even know about Bitcoin. And that excites us. It’s exciting because it means there’s a whole world of potential still available for Bitcoin, Ethereum, Ripple, NEM and potentially hundreds of other cryptocurrencies out there.

Crypto ‘currency’ or digital assets?

But of course, this is a new asset class. And in many cases even calling them cryptocurrency is misleading. The truth is only a few you could classify as ‘currency’. Some you would classify as ‘commodities’. Some are ‘energy’. Some are just simply businesses that exist on a blockchain. In our view, these are all forms of digital assets. And that’s the way you should view most of them. That helps to analyze their worth now, their future worth and whether or not they’re worthy of investment.

Now we could start to get pretty technical here and go into the detailed mechanics of cryptography, the algorithms these are based on, blockchains, ICOs, and all the ins and outs of how the different coins work. But we won’t. You see, one of the first questions we get when people ask us about ‘crypto’ is ‘how do I buy cryptocurrency?’ And that’s what we’re going to help you with now.

Step one when buying cryptocurrency: Bitcoin

First off, you need to know that the most dominant ‘crypto’ used to buy other crypto is Bitcoin. That means one of the first things you’ll need to do is to get some Bitcoin. But even before that you’ll need to set up a Bitcoin wallet. Once that’s done you buy your Bitcoin from a seller and then send it to your Bitcoin wallet. We could list 100 different Bitcoin sellers here, but truth be told a simple Google search of ‘buy Bitcoin’ will give you plenty of options. What we absolutely recommend however is that you start small. Even just $20–50 worth, so you get comfortable with using that particular seller. Then buy larger amounts. And if you’ve never bought Bitcoin before, starting small is even more important.

Step two when buying cryptocurrency: Trading Platform

From there you’ll need to set up an account with a cryptocurrency trading platform. Most of the big ones are free. You just need an email address to sign up. That’s it. The biggest in the world is www.poloniex.com. We’ve used that one ourselves. Others include Bittrex, Kraken, SpaceBTC and Livecoin. But there are more out there. When choosing a trading platform, we advise you to make sure there’s plenty of volumes. That way it’s easier for you to move in or out of the cryptocurrency you want to buy. When you’ve got your trading account set up, you send your Bitcoin into the Bitcoin wallet on your trading platform and then start buying and selling cryptocurrency. It’s really that easy. But it can be scary for first timers. So always start small!

The Wild West

And we also want to emphasize the incredible risk that investing in cryptocurrency carries. There is no asset class in the world that is as volatile and as risky as this. It’s unregulated and it’s full of scams, fraud, theft and danger. It’s the Wild West. Which makes it incredibly exciting and incredibly dangerous for newcomers.

You shouldn’t go into this blindly. You should follow the advice of experts — experts like us. We know what to look for when investing in cryptocurrency, and we know what to look out for. We know what to look out for because in the early years of it all we saw and were even a victim of fraud and theft. This was in the early, early days of cryptocurrency when it was worth a fraction of what it is today. And we’ve also seen some of our crypto double, triple, increase seven-fold in the space of a few months.

This is one market you need the steady, guiding hand of an expert. Let us be that guiding hand and we can help you navigate the minefield of cryptocurrency. We want you on this ride because we haven’t seen an opportunity like this in over a decade of experience in the world of finance and economics. It’s perhaps the single biggest opportunity in the history of money to get in early and potentially make a fortune. But it’s the highest risk we’ve ever seen, too. Be clear on that point. But if you’re ready for the journey, then hopefully we’ve helped start you out. Now you know how to buy cryptocurrency, the question you should ask is, what cryptocurrency should I buy?

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member

The Cryptocurrency Market Is Growing Exponentially

The Cryptocurrency Market Is Growing Exponentially

The Cryptocurrency Market Is Growing Exponentially

Bitcoin dominates over other digital currencies today, but the data suggests its market share will drop significantly in the next few years.
When it comes to the future of money, there is a growing consensus that cryptocurrencies are set to play a major role. One cryptocurrency, in particular, has entered the public lexicon as the go-to digital asset: Bitcoin.

But the cryptocurrency market is significantly more complex than the public lexicon might suggest. And while there have been plenty of studies examining the role and future of Bitcoin, there have been few that explore the broader cryptocurrency market and how it is evolving.

Today that changes thanks to the work of Abeer ElBahrawy at City University in London and a few pals who have examined the cryptocurrency market as a whole and say that it is significantly more complex and mature than many had thought. The evolution of this market even bears a remarkable similarity to the evolution of ecosystems in many other areas, providing some insight into the way the cryptocurrency market might change in the future.

First some background. The big challenge with digital currency is to prevent unauthorized copying. Cryptocurrencies use two mechanisms to prevent this. The first is to publish every transaction in a public record and to store numerous copies of this ledger online in a way that allows them all to be automatically compared and updated. This prevents double spending—using the same bitcoin to buy two different things.

The second mechanism is to protect the ledger cryptographically. Every update collects together a range of new transactions and adds them to the existing ledger. But to do this, the earlier version of the ledger is first frozen and encrypted.

The new version of the ledger—called a block—includes the encrypted copy of the earlier ledger. Anybody can use this encrypted data to generate a number that can be used to check the veracity of the block. However, it is extremely hard to generate this number computationally in an attempt to game the system. It is this feature—that the blocks are easy to check but extremely hard to copy—that secures the system.

Of course, as the ledger continues to be updated, new blocks must be created, piggybacking on the old ones and creating an unbroken chain of blocks. Hence, the term blockchain technology.

Bitcoin is by far the most famous of these cryptocurrencies. It is also among the oldest, having first emerged in 2009. But it is by no means the only cryptocurrency. So an interesting question is how the cryptocurrency market is evolving.

To find out, ElBahrawy and co analyzed the behavior of 1,500 cryptocurrencies that have emerged since 2013 and say that some 600 of them are actively traded today. They say this market has recently entered a period of exponential growth and is currently worth $54 billion. (By comparison, the total amount of money in the world is about $60 trillion.) 

But while this cryptocurrency market is growing rapidly, ElBahrawy and co show that certain aspects of it are stable. For example, the number of active cryptocurrencies has remained about the same since 2013 as has the market share distribution, which follows a well-known power law.

The team also shows how this distribution can be reproduced using a standard model of evolution in which they plug in figures for the rate at which currencies emerge and die away.

This power law distribution occurs in a wide range of systems. For example, the same law describes the size of religions, of languages and even of wars (by number of deaths). In none of these systems is there are any favored religion or language or war. But all things being equal, they all form this type of distribution.

The fact that size distribution of cryptocurrencies follows the same law is significant. It implies that as far as the market is concerned, all currencies are essentially the same. “The fit with the data shows that there is no detectable population-level consensus on what is the ‘best’ currency or that different currencies are advantageous for different uses,” say ElBahrawy and co.

Whether that is true is up for debate. Various critics have pointed out a number of technical limitations associated with Bitcoin, and this has inspired a new generation of cryptocurrencies, such as Ethereum. Whether this will influence the market remains to be seen.

While this exponential growth is ongoing, Bitcoin’s market share is falling. The top five biggest currencies—Ethereum, Ripple, Litecoin, Dash, and Monero—now account for 20 percent of the market. And the trend for Bitcoin is clear. “This would predict Bitcoin market share to fluctuate around 50 percent by 2025,” say the team.

Another factor in the market is that cryptocurrencies aren’t used only as currency. Bitcoin is also widely used for speculation and can also be used for nonmonetary uses such as timestamping.

For many of these applications there is a clear benefit to having a single currency that everyone agrees on. “While the use of cryptocurrencies as speculative assets should promote diversification, their adoption as payment method (i.e., the conventional use of a shared medium of payment) should incentivize a winner-take-all regime,” say Bickell and co.

But experience with other ecosystems suggest that this is by no means certain to happen. For example, a single computer operating system has never been able to outcompete all others, regardless of the ruthlessness of its deployment. Neither has any human language or religion or fashion wiped out all others.  

That’s not to say it can’t happen. But unless there is significant external manipulation of this market, the likelihood is that there will be significant diversity in the cryptocurrency market for the foreseeable future.

David Ogden

Alan Zibluk – Markethive Founding Member

Start investing in bitcoin and earn up to 45% ROI Monthly

Start investing in bitcoin and earn up to 45% ROI Monthly


Trade Coin Club TCC

Start investing in bitcoin and earn up to 45% Return On Investment  This is what Trade Coin Club can offer you when you sign up for the “Senior Trader” account.  You see, Trade Coin Club wants to make you money as the company makes money and they are willing to cut you in on the action.

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All you have to do is sign up and invest using bitcoin and you can start building a nice little nest egg for your future.

What Is Trade Coin Club?

Trade Coin Club was registered on August 2, 2016, in Belize. The site is registered as private enterprise

The Product

Trade Coin Club doesn’t offer any retail cable products for sale but offers residual income opportunities.

The Opportunity

There are several ways for you to make money. One of the ways is by the compensation plan. Within this structure, there are three levels you can join.  The first level is the “Apprentice” which requires you to invest 0.25 to 0.99 BTC. Once you set up your account you can then begin to earn 0.35% ROI daily. The ROI is good for 8 months and the company is hoping that with the extra funds you might want to step up to the next level which is “Trader”.

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To Learn more, check this page as there much more info. http://hive.pe/80

There are 3 Trading options. No need to recruit or sponsor anybody

1). Apprentice – 0.25 btc gives back up to 0.99btc

2). Trader – 1btc gives back up to 4.99btc

3). Senior trader – 5btc.

All options come with a membership processing fee of 0.05 BTC. At the “Trader” level you invest 1 to 4.99 BTC. Once you have everything in order and your funds in the account, you are guaranteed to receive 0.4% ROI. Now with the “Trader” account, you are granted the 0.4% ROI for 12 months instead of 8 months you get with the “Apprentice”.

Next, you can sign up for “Senior Trader” with an investment of 5 BTC. Now you can invest more if you want, but the minimum is 5 BTC in order to be in this category. In the “Senior Trader” compensation plan you are guaranteed 0.45% ROI daily for one full year.

The only thing you need to be aware of when signing up to join the compensation plan is the 25% maintenance fee on ROI that is mandatory to be paid every four months. If you want to refer people, you earn some bonuses. It is not compulsory to refer people at all: To earn through the company’s referral program. The referral program goes down eight levels deep, you can be sure to earn a little extra cash while still collecting your daily ROI. How much you make all depends on what plan you signed up for.

If you are an “Apprentice” you will earn 10% for those you recruit on level one. You will then earn 3% for those in level two and 2% for those you recruit who are placed on level four. Once you get that ranking you can fill up all eight levels. Apprentice only allows you to go down to level four, while Trader only allows you to go down as far as level 6. Other compensations are also available

Gift items such as Rolex watches, Car Awards, Traveling and international training opportunities. You make your money work for you and also enjoy time freedom in grand lifestyle.TradeCoinClub The Worlds First Licensed Top 10 Auto-Trading Cryptocurrency Platform. Join us in pre-launch to be a pioneer. Contact me asap to join.

Chuck Reynolds
Please click either Link to Learn more about –

Alan Zibluk – Markethive Founding Member

Bitcoin Is Bigger Than Ever, And Here’s Why That Matters

Bitcoin Is Bigger Than Ever, And Here's Why That Matters

Why You Should Open A Roth IRA Today


The Bitcoin symbol.

The money you've been using all your life is backed by a government of some sort, and it exists in a tangible way. Bitcoin is neither tangible nor backed by anyone, but it's still worth a great deal to some people. This digital currency began circulating on the internet in 2009 with each Bitcoin worth just a tiny bit of "real" money, but right now a single Bitcoin is worth more than $2,000. Bitcoin is fascinating from a technological standpoint, but it's also fueling online crime and violence because of the anonymity it offers. Here's how Bitcoin works and why you should care.

What is Bitcoin?

Bitcoin is what's known as a cryptocurrency, a digital asset that exists only as data. You probably have money in the bank that is digital, but those digits equal physical currency. Not so with Bitcoin. Bitcoin also has no centralized regulation nor innate legal framework. As such, the value of Bitcoin is dictated entirely by the market, and the market is hot right now.

Bitcoin is stored in a digital wallet, which you can save locally on a hard drive or phone, or online with any number of Bitcoin exchanges. Saving your Bitcoins locally is like keeping all your money under the mattress. If something happens to the digital wallet, all your money is toast. Sending and receiving money is handled by pointing your Bitcoin client or web exchange toward a Bitcoin address, which every wallet has. A few minutes later, the Bitcoin will leave your wallet and show up in another. Web sites accept Bitcoin are rare, but they are out there. Spending it in real life is considerably more tricky, but again, there are a few system in place to manage it.

Is Bitcoin really anonymous?

Transactions are at the heart of Bitcoin — it's powered by what's known as a blockchain. You can view blockchain information for any wallet address, too. You don't necessarily know whose wallet is whose, but you know what's in them because it's a public ledger. Perhaps you've heard about "mining" Bitcoin? That's when you use a computer to crunch numbers for the blockchain. This is how transactions are verified, and in return, you get some Bitcoin. It used to be easy to mine Bitcoins, but the difficulty increases substantially over time. Now, you need a server farm to earn much this way.

The blockchain info for a WannaCry wallet with $41,000 in Bitcoin.

The "proof of work" model for the blockchain has been of great interest to organizations that want nothing to do with Bitcoin. A blockchain database is by its very design resistant to tampering and can be managed in a distributed manner. Both Senegal and Tunisia use blockchain-based national currencies. The Bill and Melinda Gates Foundation also hopes to use blockchain technology to help poor people without access to banking save and spend money.

How is Bitcoin involved with Ransomware?

So, Bitcoin could do a lot of good things, but you often hear about it in negative contexts. The anonymous aspect of Bitcoin has drawn cybercriminals to the digital currency. Ransomware attacks started occurring a few years ago as the price of Bitcoin shot upward, and the WannaCry ransomware made news just a few weeks ago. When your computer is infected with ransomware, it encrypts your important files and demands a Bitcoin payment to a specific address in exchange for the key. It's not like criminals can ask you to wire some easily traceable money to their bank account, so Bitcoin is the perfect solution. After a few hops in the public blockchain, the money is essentially clean.

Bitcoin is very much the wild west of international finance. Security firms have reported that some cryptocurrency from ransomware attacks ends up in the hands of North Korea, which is barred from many traditional financial markets by international sanctions. The same has been said about terrorist groups and organized crime, which risk having assets seized in traditional banks. All those ransomware payments are just the tip of the criminal iceberg, too. Numerous Bitcoin exchanges have also been the victim of hacking and fraud, which has led to Bitcoins being stolen from users. That money is just gone—there's no FDIC to refund people when Bitcoin is stolen.

What does Bitcoin mean for the economy?

Despite all these issues, Bitcoin is surging in part because more people are using it. Bitcoin fans believe steadfastly that it's the future. Regular people are becoming interested in cryptocurrencies, but it's still too complicated for mainstream adoption. If that ever happens, we could see a lot more highs and lows in the global economy as Bitcoin's value swings. And it does… a lot.

If you'd bought $1,000 of Bitcoin in 2010, you'd be worth $35 million right now. However, if you bought $1,000 worth of Bitcoin in early 2014, you'd have only had a quarter as much buying power a year later. Imagine being paid in Bitcoin, and then finding your money was only worth half as much a few days later. Economies with that kind of inflation are not stable, but Bitcoin has the advantage of operating alongside regular government-backed money. Almost no one has all their assets in Bitcoin.

Is Bitcoin going to last?

As a backdrop to all this, programmers are arguing over how best to manage Bitcoin going forward. There are calls to "hard fork" the currency, which could lead to two competing standards. That would cause even wilder swings in price. Whatever the the long term ramifications of these decisions, Bitcoin (or whatever cryptocurrency it becomes) isn't going anywhere.

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member

Bitcoin Ransomware Education – VMola

Bitcoin Ransomware Education – VMola

VMola Ransomware Is Not A Big Threat

It is evident cyber criminals continue to explore the ransomware market for as long as they possibly can. VMola is one of the more recent strains of malicious software that asks its victims to make a Bitcoin payment. It does not appear to be one of the most sophisticated forms of malware, though. Then again, the developers may still make good money from this ransomware strain regardless.

It is good to know not every type of ransomware will cause a lot of damage. To be more specific, the VMola strain does encrypt computer files and displays a ransom message to its victims. However, it is not the biggest threat users will ever encounter, as the people responsible for this malicious tool have not put a lot of effort into creating this threat by any means.

To be more specific, the VMola ransomware makes no bones about what it expects its victims to do whatsoever. Once the tool infects a computer and encrypts all the files, it will display a very simple ransom message. In fact, there is no GUI associated with the message, nor are there links to click. Victims have to manually send 0.1 Bitcoin to the address provided in the note. Users will have to copy this address as well, as there is no payment button whatsoever.

Although the Bitcoin ransom in question is quite small compared to other types of ransomware, it should not be paid by victims in the first place. Considering how all victims who pay the money will need to include their email address along with the transaction ID, there is no reason to think victims will receive the decryption key. That is always one of the downsides when paying a ransom, as there is no guarantee of getting the decryption key whatsoever.

Luckily, it appears it is relatively easy to get rid of this ransomware without paying the Bitcoin demand. In fact, users can restore data from a previous backup. Most ransomware developers delete the shadow volume copy on the infected device right away, yet this malicious tool has no interest in doing this. That is another clear example of how this malicious tool is nothing more than an amateur attempt to make some quick money.

Given the fact that VMola has no fancy coding under the hood either, it will only be a matter of time until a free decryption tool is created. For now, such a tool does not exist, although using a proper anti-malware tool should get rid of the infection as well. Moreover, security experts believe VMola has only one decryption key for all victims, which should make it a lot easier to crack the encryption as well.

As we expect from ransomware these days, VMola is distributed through spam campaigns laden with malicious email attachments. This method of distribution has been quite successful over the past few months, and criminals have no reason to change a winning formula whatsoever. Never open an email from a sender you don’t know, and even if you do, make sure not to download the email attachment whatsoever. 

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member

Why the Netflix Model is the Future for Enterprise Blockchain

Why the Netflix Model
is the Future for Enterprise Blockchain

What's a blockchain?

Why not use a distributed database? What's a smart contract? What the hell is chain code? Among blockchain industry participants, you'll get different answers and different views to all of these questions (and much more). Almost weekly, we read new blockchain white papers proposing new unique functionalities to solve a problem in a slightly better or different way. Of course, this amount of experimentation and research can only be good for the long-term growth and maturity of our industry, but it’s also made it extremely complicated for potential buyers to make determinations about what fits their needs best.

Although the term "blockchain" has generally been used as the umbrella name for a very broad collection of new technologies, it seems to me that our industry has not yet gone through the necessary objective scrutiny to separate the good, from the bad (and the ugly). Right or wrong, there seem to be some common themes among enterprise companies that became apparent over the course of 2016.

This is not a comprehensive list, but a few worth highlighting:

  1. Companies are looking to build using permissioned blockchain networks (whether as an interim solution or a long-term outcome)
  2. In many contexts, it will be important to maintain transaction privacy
  3. Current transaction performance on the public bitcoin and ethereum networks is insufficient
  4. Smart contracts provide an elegant framework to automate shared business processes.

Ethereum examined

In considering these challenges and how to solve them, a large number of companies have migrated their efforts to ethereum.It's by no means a perfect solution, but arguably because of its flexibility and because of the organic community of developers surrounding it, it remains unparalleled in the industry.

Rather than look at ethereum as one network, however, many consider it as a template to model, improve, customize and implement in difference contexts. Ethereum technology, therefore, has found its way into multiple networks serving multiple purposes, although imperfectly. To better achieve this outcome, I would argue that ethereum needs some rearchitecting to allow for multiple network implementations. In its current form, it was designed (and continues to be improved upon) as a protocol to power a single global network.


Having come to the same realization, a number of companies have created versions of ethereum that fit their needs – in many cases with band-aid fixes that can only be described as temporary and imperfect. Among those companies, there are both startups and large organizations, most of which are primarily interested in one vertical problem set that impacts their industry and their business.

This has led to unnecessary fragmentation and incompatible modifications being made to the ethereum protocol in all these various versions. Contrary to the initial vision of ethereum (of being a general purpose protocol), many of these implementations are being built as single-purpose solutions to power specific industry applications.

As companies get closer to production, this problem is becoming more evident to those involved. Drawing parallels from the web services ('cloud') industry, I’m convinced that we’ll see a new trend this year. Rather than end users building their own customized infrastructure, and essentially managing their "full stack", a small number of providers will focus on offering modular infrastructure that can be leveraged with little effort by the companies solving challenges at the application layer.

Action ahead

This reorganization of the industry (infrastructure vs app) will allow for specialization and better long-term improvements to the underlying software while maintaining standards of compatibility. In the same way that Netflix is built using Amazon Web Services, mature companies emerging in this space will partner with infrastructure providers to scale their businesses more efficiently.

Ideally, as we work towards this model, the resulting infrastructure frameworks will allow for deployments that are fully compatible with 'public ethereum', while also enabling deployments that include custom functionalities required by the user.One of the great benefits I foresee from this model is that new proposed ideas, which today end up as competing protocols, could become alternative modules compatible with a standardized framework. This will make it easier for companies to adopt improvements without having to rebuild from scratch. Luckily, this isn't wishful thinking. Some of us are already on our way to making this real.

Chuck Reynolds
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Alan Zibluk – Markethive Founding Member