Crypto Arbitrage Today: Easy Profits With QTUM, XMR, BTG, and ETH

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Just Posted By MarketRanger https://nulltx.com/crypto-arbitrage-today-easy-profits-with-qtum-xmr-btg-and-eth/

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As is usually the case in the cryptocurrency industry, arbitrage opportunities are not exactly difficult to come by. Today is no different in this regard, primarily because the spreads of certain altcoins across different exchanges are shaping up rather nicely. There’s a lot of good money to be made in this regard, albeit some trades may involve less liquidity compared to others.

QTUM (Kraken – Poloniex – KuCoin)

It is not entirely surprising to see a new QTUM arbitrage gap appear all of a sudden. More specifically, there has been an opportunity involving QTUM nearly every other day this week, as the price on Kraken remains significantly lower compared to Poloniex, KuCoin, and Gate. A very easy flip for up to 2% profit, as all of these platforms should provide sufficient liquidity to make something exciting happen.

Monero (Kraken – Poloniex – HitBTC)

A similar arbitrage opportunity still exists for Monero. Buying XMR on Kraken will let users sell on Livecoin, Gate, HitBTC, or Poloniex for up to 2.75% profit. It is not the first time XMR prices on Kraken remain very low for some time, and it seems things may not necessarily change as the week progresses. As such, arbitrage opportunities will remain visible where XMR is concerned.

Bitcoin Gold (HitBTC  Gate – Bitfinex)

Over the past few weeks, there have been quite a few arbitrage opportunities involving Bitcoin Gold. Why that is the case, remains anybody’s guess. Even today, there is a good chance to net a quick 12% profit by simply flipping BTG between exchanges. Buying on HitBTC, Sistemkoin, Koineks, CEX, and Bitfinex to sell on Gate will always yield double-digit percentile profits.

XLM (Kraken – HitbTC – KuCoin)

For those who are looking to buy and sell Stellar Lumens for a quick profit, buying on Kraken seems to be a good idea first and foremost. By selling the funds on KuCoin, Bitexen, HitBTC, or Gate, one can next easy profits. Buying on Koineks and selling on these exchanges is also profitable. Arbitrage traders can easily pocket 1% profit for doing virtually nothing.

Bitcoin Cash (Gate – Kraken – OKEx)

When it comes to flipping Bitcoin Cash for a profit, numerous gaps have opened up. This is primarily due to deposits and withdrawals being frozen, although these gaps may persist once market activity resumes. For now, Buying on Gate, Kraken, HitBTC, or CEX seems like a good idea, assuming prices don’t change much. OKEx and Livecoin have a very high price for BCH right now. If this gap persists, traders can pocket a healthy 17% profit in quick succession.

Ethereum (Kraken – Binance – LiveCoin)

Even though Ethereum price discussions have taken a backseat for some time no, there are still plenty of arbitrage options to explore. Buying on HitBTC, Gate, OKEx, Kraken, KuCoin, or Binance will allow for quick and profitable flips on Livecoin. Buying on Kraken and selling on OKEx, Poloniex, KuCoin, or HitBTC can also yield similar profits of roughly 2%. Very appealing opportunities, especially when considering how few people actively look at Ethereum trading right now.


Information provided by Arbing Tool.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

The post Crypto Arbitrage Today: Easy Profits With QTUM, XMR, BTG, and ETH appeared first on NullTX.

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Kik Severs all Ties With Ethereum as Scaling Problems Persist

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Just Posted By MarketRanger https://nulltx.com/kik-severs-all-ties-with-ethereum-as-scaling-problems-persist/

kik cryptocurrency

It has become apparent a lot of projects are not too happy with Etheruem’s infrastructure right now. More specifically, a lot of developers are either pursuing a multi-chain approach or simply move their project to a completely different ecosystem in the process. Kik is the latest to do so, as the project will go with Stellar for its product launch.

Another Project Ditches Ethereum’s Infrastructure

For the Kik team, their venture into blockchain and cryptocurrency has been a pretty interesting one. Although they are intent on building the most-used cryptocurrency ecosystem, their approach to doing so has raised a few questions. First of all, the Kin cryptocurrency was designed to be issued on Ethereum. Given the network’s ease of access for ICO projects, that decision made a lot of sense.

Not too long afterward, the team started noticing Ethereum alone will not suit their specific needs. The ongoing Ethereum scaling issues – which are still in place in 2018 – have caused the company to rethink its strategy outlined in mid-2017. Raising nearly $100m with an ICO does not make Ethereum’s inherent problems go away, as the team found out shortly afterward.

A new plan was devised, which would see Kik develop a two-chain strategy. Rather than relying on one infrastructure, the team was trying to spread the load accordingly. Ethereum would still provide the security aspect of Kin, whereas Stellar’s ledger would be used for speed and scaling. That decision was met with some initial resistance, although it makes perfect sense from a business point of view.

To make matters worse, Kik has revised its initial plans once again. Stellar’s low transaction fees were still too expensive for such a large-scale project, which lead to a forked version of Stellar being created for this specific network alone. While that does not cause any major problems in the cryptocurrency world, it was only a sign of bigger things yet to come.

Kik is now officially moving away from Ethereum in every single way possible. The migration of ERC tokens will be completed in the coming weeks, as an intuitive solution needs to be devised for this specific purpose first and foremost. It is also not the first time a company moves away from Ethereum over scaling concerns, nor will it be the last.

For Kin holders, there is nothing to be worried about right now, as their Ethereum tokens will not lose value all of a sudden. The transition still needs to be announced, as no timeline has been put in place at this time. By purposefully siding with the forked version of Stellar, Kik is still taking somewhat of a risk, albeit a manageable one.

The post Kik Severs all Ties With Ethereum as Scaling Problems Persist appeared first on NullTX.

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Crypto Today: Satoshi Nakamoto Envisioned the Forking Drama 8 Years back, Post BCH Fork Relief in Crypto Market

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Just Posted By MarketRanger https://coingape.com/satoshi-nakamoto-envisioned-forking-drama/

Note: “This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro.”

  • The BCH fork drama that played out was actually envisioned by Satoshi Nakamoto in 2010
  • As the BCH fork now behind us, the market sees a relief rally

Did Satoshi envision the BCH fork drama right back in 2010?

If someone new to cryptos would have witnessed the BCH fork drama from distance, he would have felt poorly for the crypto industry. But this was very well known, as the great Satoshi Nakamoto had, in fact, predicted the whole drama 8 years ago. According to a post published by Satoshi Nakamoto on June 17, 2010 reply to the post “Transactions and Scripts: DUP HASH160 … EQUALVERIFY CHECKSIG”, Satoshi had said,

If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version.  This is a design where the majority version wins if there’s any disagreement, and that can be pretty ugly for the minority version and I’d rather not go into it, and I don’t have to as long as there’s only one version.

This post clearly puts forward the vision of Satoshi, that when it comes to bitcoin and cryptocurrencies, it’s the idea that carries more weight than the technology and the software. It clearly stated that the miners vote with their hash power, wallet providers and exchanges vote with their code and the market votes with their feet.

Cryptos rally post BCH fork

As the BCH fork now behind us and a lot of coins already sitting on multi-month low, nearly all crypto assets apart from BCH were up over the last 24 hours. It’s good to see things holding up so steadily with everything going on

As the market tries to claw their way up again, a lot of analyst on street analysts are still seeing this downside breakout as an indication that things might go lower, while the long-term players continue to accumulate at these levels.

Source: Coinmarketcap

Let’s wait and watch as we head into the weekend? Any ideas?

The post Crypto Today: Satoshi Nakamoto Envisioned the Forking Drama 8 Years back, Post BCH Fork Relief in Crypto Market appeared first on Coingape.

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Kik Severs all Ties With Ethereum as Scaling Problems Persist

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Just Posted By MarketRanger https://nulltx.com/kik-severs-all-ties-with-ethereum-as-scaling-problems-persist/

kik cryptocurrency

It has become apparent a lot of projects are not too happy with Etheruem’s infrastructure right now. More specifically, a lot of developers are either pursuing a multi-chain approach or simply move their project to a completely different ecosystem in the process. Kik is the latest to do so, as the project will go with Stellar for its product launch.

Another Project Ditches Ethereum’s Infrastructure

For the Kik team, their venture into blockchain and cryptocurrency has been a pretty interesting one. Although they are intent on building the most-used cryptocurrency ecosystem, their approach to doing so has raised a few questions. First of all, the Kin cryptocurrency was designed to be issued on Ethereum. Given the network’s ease of access for ICO projects, that decision made a lot of sense.

Not too long afterward, the team started noticing Ethereum alone will not suit their specific needs. The ongoing Ethereum scaling issues – which are still in place in 2018 – have caused the company to rethink its strategy outlined in mid-2017. Raising nearly $100m with an ICO does not make Ethereum’s inherent problems go away, as the team found out shortly afterward.

A new plan was devised, which would see Kik develop a two-chain strategy. Rather than relying on one infrastructure, the team was trying to spread the load accordingly. Ethereum would still provide the security aspect of Kin, whereas Stellar’s ledger would be used for speed and scaling. That decision was met with some initial resistance, although it makes perfect sense from a business point of view.

To make matters worse, Kik has revised its initial plans once again. Stellar’s low transaction fees were still too expensive for such a large-scale project, which lead to a forked version of Stellar being created for this specific network alone. While that does not cause any major problems in the cryptocurrency world, it was only a sign of bigger things yet to come.

Kik is now officially moving away from Ethereum in every single way possible. The migration of ERC tokens will be completed in the coming weeks, as an intuitive solution needs to be devised for this specific purpose first and foremost. It is also not the first time a company moves away from Ethereum over scaling concerns, nor will it be the last.

For Kin holders, there is nothing to be worried about right now, as their Ethereum tokens will not lose value all of a sudden. The transition still needs to be announced, as no timeline has been put in place at this time. By purposefully siding with the forked version of Stellar, Kik is still taking somewhat of a risk, albeit a manageable one.

The post Kik Severs all Ties With Ethereum as Scaling Problems Persist appeared first on NullTX.

Want To Learn About And Trade Crypto The Easy Way? -Goto >>> http://marketranger.com/kryptoview

The Boring Company goes brick-and-mortar with The Brick Store

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Just Posted By MarketRanger https://techcrunch.com/2018/11/16/elon-musk-boring-company-the-brick-store/

Elon Musk has shot out some crazy, unbelievable tweets over the last year, but he wasn’t joking about the bricks. Musk has started a company called The Brick Store LLC to produce and sell bricks, according to public documents obtained by TechCrunch.

The new company, which was founded in July, will be managed by Steve Davis, the ex-SpaceX engineer who is also running The Boring Company (TBC).

TBC is developing new tunneling and transportation technologies, and the bricks will be made from soil displaced by the company’s tunnel-boring machines. Elon Musk has tweeted that the bricks could cost as little as 10 cents each, and might even be given away to affordable housing projects.

The Brick Store’s first physical outlet will be a far cry from Tesla’s sleek, designer showrooms. Planning documents submitted to Hawthorne, a city in southwestern Los Angeles County, show a rundown stucco building about a mile from TBC and SpaceX’s headquarters. Forbidding black steel security grilles “will be utilized … to accent the entrances and windows,” TBC wrote in its application to repaint the building.

Despite these design flourishes, TBC did not select the building for its aesthetic appeal. The building — formerly housing a kitchen cabinet business — is located above an exit tunnel that TBC is digging to extract the boring machine from its first test tunnel. This is intended to showcase Loop, a proposed underground transportation system carrying people or cars on self-contained electric skates traveling at up to 150 miles per hour.

The tunnel was originally planned to stretch around two miles under public roads from a parking structure next to SpaceX. However, in April this year, TBC used a subsidiary to quietly buy the Hawthorne corner lot, which sits about halfway along the planned route, for $2 million.

In July, TBC asked Hawthorne for permission to use that lot to build an access shaft to extract its tunnel-boring machine, which, because it cannot move backwards, would otherwise have been abandoned at the end of the excavation.

The same month, Musk founded The Brick Store, whose purpose, according to state filings, is the “manufacture and sale of bricks.” TBC has already produced some structures from bricks made from tunnel spoil, and Musk tweeted yesterday that they would be used to build a watchtower at the entrance to the tunnel.

https://platform.twitter.com/widgets.js

Turning tunnel waste into a valuable commodity fits in with Musk’s environmental leanings — and will save TBC from the cost of disposing all that dirt. TBC has even suggested that the bricks could potentially be used as part of the tunnel lining itself. Musk has previously said that the tunnel would officially open on December 10.

TBC did not immediately respond to requests for comment on this story.

Bricks made from everyday soil, usually called compressed earth blocks (CEB), date back to ancient times. CEBs are still used in developing countries today, and are part of building codes in California and New Mexico. But even there, the market for them is tiny — possibly because CEB buildings can be awkward to build, wire and insulate. BC has even suggested that the bricks could potentially be used as part of the tunnel lining itself.

Dwell Earth sells machines that produce CEBs by applying pressure to a mixture of earth and a little cement.

“Elon seems to have a way of bringing energy and talent to big challenges, and we are happy to see that he may be as excited about [CEBs] as we are,” Dwell Earths founder Bob de Jong told TechCrunch.

The Boring Company

TBC received around $112 million from Musk earlier this year. These funds will be used to build a number of tunnels around the country, including a Loop to connect Dodger Stadium to the subway in L.A., one that would link Chicago and O’Hare airport, as well as an ambitious commuter Loop between Washington, D.C. and Maryland.

These projects could be thwarted, or at least delayed, because of an increasingly heated trade war between the U.S. and China.

TBC lawyers wrote to the United States Trade Representative in July that the tariffs imposed by President Trump on Chinese-tunneling machine parts, among other products, would delay its projects by up to two years and mean lost job opportunities. The company asked for an exemption from the tariffs that has not yet been granted.

If there’s anyone who can re-brand dirt and build a market for CEBs, it’s Elon Musk. But even if The Brick Store’s bricks don’t raise enough money for a Mars mission or save the planet, at least they are a little more practical than a novelty “not a flamethrower.”

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West Virginia Secretary of State Reports Successful Blockchain Voting in 2018 Midterm Elections

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Just Posted By MarketRanger https://cointelegraph.com/news/west-virginia-secretary-of-state-reports-successful-blockchain-voting-in-2018-midterm-elections

West Virginia Secretary of State Mac Warner has announced that 144 voters successfully used the state’s new blockchain-based mobile voting platform in the 2018 midterms

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Amid US Sanctions, Binance Pushes Iranians off It’s Exchange

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Just Posted By MarketRanger https://news.bitzamp.com/amid-us-sanctions-binance-pushes-iranians-off-its-exchange/

World’s second largest crypto exchange Binance is pressuring Iranian users to remove their investments from the crypto exchange in response to US sanctions. “If you have an account with Binance and fall into that [sanctions] category, please withdraw your assets from Binance as soon as possible,” read an email that was sent to Iranian users

The post Amid US Sanctions, Binance Pushes Iranians off It’s Exchange appeared first on Bitzamp.

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Who Is Charile Shrem?

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Just Posted By MarketRanger https://coindiary.net/who-is-charile-shrem/

Today, Charlie Shrem’s life could be described as balanced. A married man who plans to have children soon, Shrem spends his time reorganizing his portfolio to reduce risk and plan for the future. This tranquil and peaceful life may come as a surprise to those who previously followed the crypto-wizard’s endeavors.  Characterized extreme highs and exorbitant lows, Shrem’s rollercoaster life has been more volatile than the price of bitcoin.

Childhood

Born in November of 1989, Charlie Shrem was raised in a Sephardic Syrian Jewish community in Brooklyn, N.Y.. The son of a jeweler and a stay at home mom, Shrem became acclimated to handling money and understanding the value of a dollar at a young age. Shrem recalled from his childhood that “[My parents] didn’t do anything to excess. They never just said, here’s a bunch of money do whatever you want… I had to be accountable for it… If I spent [my allowance] they wouldn’t give me more.” This austerity, combined with the rapidly growing price of his computer hobby, forced him to find a solution.

Shrem displayed a penchant for entrepreneurship at a young age. Utilizing his rapidly developing technological skills, he established himself as a local tech guru and began charging for his services. “People had computer issues at home … they didn’t know how to fix. And I realized that I can provide a good service just being someone that they [could] call on demand and I charged … 20 bucks an hour.” Shrem had so much success in his new business that he purchased his own car as a high school junior with absolutely no help from his parents.

Shrem’s initial financial success proved to be fleeting. Just one year later upon turning 18 years old, he received a credit card with a $6,000 spending limit. Thrilled with his new available funds, Shrem blew through them in a year, with a number of purchases that he characterized as “Just stupid things. Stupid things.” By the time he graduated, Shrem had racked up an astonishing $10,000 in debt. Although his father helped him restructure his debt, it still took him approximately two years to get himself back on track financially. This would prove to be the first of several boom and bust cycles that were emblematic of his previous turbulent lifestyle.

College Years

While a student at Brooklyn College, Shrem began working towards establishing his financial independence. In an effort to climb his way out of five figures of debt, Shrem diversified his portfolio and sought new ways to generate revenue. One of his first endeavors was the creation of the website dailycheckout.com, where he sold refurbished and used electronic equipment, pocketing $600 a week.

Shrem’s entrepreneurship continued throughout his years at Brooklyn College. As a college senior in 2011, Shrem began investing in Bitcoin while it was still in its infancy, before he lost his digital assets after the failure of his storage device. Owing to this event, Shrem and fellow Bitcoin enthusiast Gareth Nelson partnered to launch BitInstant, an ecommerce website designed to “help people convert dollars into Bitcoin.”  BitInstant became an immediate success; at one point in time, BitInstant was responsible for approximately 30% of all Bitcoin transactions. Through this new company, Shrem acquired a significant amount of wealth, claiming that at 22 years old he half a million dollars sitting in his checking account. BitInstant marked a considerable upswing in Shrem’s life.

Charlie Shrem Bit Instant

Charlie Shrem while running BitInstant

In addition to his entrepreneurial endeavors, Shrem was a founding member of the Bitcoin Foundation, alongside other notable cryptocurrency advocates such as Roger Ver. The Bitcoin Foundation is a nonprofit corporation dedicated to the “[standardization], [protection], and [promotion]… of bitcoin cryptographic money for the benefit of users worldwide.” In particular, Shrem was responsible for leading the partnerships and mergers of Fundación Bitcoin Argentina, Bitcoin Embassy of Canada, and Bitcoin Association of Australia, all in an effort to spread the gospel of bitcoin. Modeled on the Linux Foundation, the Bitcoin Foundation carries out its mission through grants from for-profit companies that utilize bitcoin technology.

Fall From Grace

Before long, Shrem and BitInstant began attracting unwanted attention. Shrem was notified by his lawyers that a BitInstant user was buying and flipping bitcoins on Silk Road, the illegal online black market. On the advice of his lawyers, Shrem and his associates shut down BitInstant on July 3, 2013. Because nobody lost any money, Shrem assumed that this was the end of the case, and moved on with other business ventures.

Charlie Shrem

Charlie Shrem a month before Arrest

Eight months later, Shrem’s quality of life plummeted. After returning to the United States from a convention in Amsterdam, Shrem landed at JFK Airport, only to find agents from the Drug Enforcement Administration and the IRS waiting for his arrival. Authorities held Shrem directly responsible for Robert Faiella’s scheme, and the following morning, Shrem learned the extent of his charges: one count of conspiracy to commit money laundering, one count of failure to file a suspicious activity report, and one count of operating an unlicensed money transmitter.

All together, one of the first crypto millionaires was looking at 25 years in jail; ultimately, he ended up serving one year in prison, and was released in June 2016.

Release From Prison

Charlie Shrem left jail as a changed man. Upon his release, Shrem worked on reintegrating himself into society. Initially a struggle, Shrem did not return immediately return to his previous lifestyle. Shrem recalls that for he “…didn’t actually turn on a computer for two months… I didn’t get a cell phone and I didn’t turn on my iPhone… I was weird… I wasn’t ready.” Instead, Shrem took a low-key job in rural Pennsylvania, washing dishes for eight dollars an hour. Recalling this period of his life, Shrem said that he needed to be accountable, and spoke of how much he valued this time.

Conclusion

Currently residing in Sarasota, Florida, Charlie Shrem’s serene life is far removed from the chaos that defined his life in Brooklyn. Imbued with a new perspective on life, the Shrem of 2018 is thoughtful and grounded. Speaking of his wealth, the person who once had half a million in a checking account said “…I got to be smart. I’m getting married, we’ll have children eventually, I can’t, you know, I can’t speculate with my rent.”

Charlie Shrem

Charlie Shrem Today

Today, Charlie Shrem occupies himself with a number of new ventures. In October of 2017, Shrem founded CryptoIQ in Sarasota, Florida. A comprehensive stop for financial sources in the crypto industry, CryptoIQ and Shrem’s mission is “… to empower people by providing access to the world of Crypto.”  Shrem continues to advocate for wider adoption of bitcoin.

Wise and mature beyond his years, Charlie Shrem is the sum of admittedly disparate parts. As a part of the first generation of individuals who adopted bitcoin, Shrem’s ingenuity and foresight paved the way for future users. Despite his previous mistake, Shrem’s continued presence in the crypto-community will continue to add credibility to the community and foster growth.

 

Also Read: Charlie Lee One Of The Most Popular Crypto Clelebrities

The post Who Is Charile Shrem? appeared first on Coin Diary.

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