Bitcoin Cash network sees an increasing amount of Unknown mining pools.

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Over the last couple of weeks, the Bitcoin Cash network has recorded an increasing number of unknown mining pools who sign their coinbase transactions with the name of Satoshi Nakamoto.

Source: coin.dance

Two possible scenarios

Experts believe that behind these miners may be supporters of the cryptocurrency Bitcoin SV. They might be trying to profit from BSV price increase. Experts point out that the main advantage for them is to withdraw funds from BCH to BSV. This will lower the Bitcoin Cash price and increase Bitcoin SV’s price.

According to another version, the miner’s activity may be due to an attempt to discredit blockchain Bitcoin Cash through reorganization attacks. Not so long ago the Bitcoin SV blockchain experienced a reorganization. Back then, disproportionately large block sizes caused the problem.

Hashrate wars

However, experts do not rule out the fact that the new computing power belongs to the Bitcoin Cash camp itself. They claim that it might be a security measure to protect the network from the so-called hashrate wars.

Currently, “Other mining pools” control 37% of the Bitcoin Cash network which is the largest share of the whole network. BTC.com comes second with 21,2%

Source: coin.dance

Additionally, in March, ChainDD announced that 74.48% of the bitcoin network hashrate is controlled by six alternating pools, half of which are directly or indirectly controlled by the Chinese company Bitmain. 

Source:

https://kripto.media/nezinama-mainera-aktivitates-del-pieaug-bitcoin-cash-tikla-hashrate/?fbclid=IwAR0OjUZUD1BE69cAcpTm_z3KGBM1_rXwGwR6Z_tx79Pdm6YZm_UCsSOlUfI
https://cash.coin.dance/blocks

Ontology will launch Paxos Stablecoins worth $100 million on its blockchain

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Ontology is about to launch Paxos Standard Stablecoin on its blockchain. Paxos is a cryptocurrency which is pegged 1:1 with the U.S. Dollars. Currently, Paxos is an ERC-20 token. The stablecoin would be launched in May 2019. 

OEP-4 token standard

Ontology says that this launch will make it easier for individuals and businesses, who are using ONT token, to transact between fiat-pegged tokens. However, while Paxos is only an ERC-20 token, Ontology wishes to expand this by putting Paxos on their blockchain OEP-4 token standard.

Also, Paxos Standard will continue to use PAX as their ticker symbol alongside with Ontology’s OEP-4 standard. Also, it will enable atomic swaps between the Ontology blockchain and blockchain network.

$100 million worth of Paxos

The announcement says that Ontology will issue about 100 million new Paxos stablecoins depending on the demand. However, it is not clear how this will play out. Whether Ontology will just add 100 million Paxos coins to the Paxos circulating supply or whether there will be a separate coin and they would co-exist. We asked this on Ontology’s public telegram channel and the admin “Patrick Van Oorschot” replied that more details will be during May when the token will launch.

Paxos has authorized Ontology to issue these tokens through their partnership.

“The launch of PAX on the Ontology blockchain will greatly accelerate real business applications on Ontology, create more success stories of traditional businesses shifting to distributed businesses, and provide enterprise partners and institutional investors with a regulated, reliable, and safe gateway to the world of digital assets.”

Ontology co-founder Andy Ji

Source:

https://www.coindesk.com/paxos-to-issue-up-to-100-million-of-stablecoins-on-ontology-blockchain
https://todaysgazette.com/aside-100-million-here-are-ontology-ont-paxos-pax-stablecoin-profound-benefits/

Photo by rawpixel.com from Pexels

IOTA partners with Jaguar Land Rover!

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Today, judging by IOTA’s Twitter and Medium posts, IOTA has partnered with Jaguar Land Rover. The car manufacturer is testing IOTA’s technology to implement IOTA within their cars.

“Drivers will be able to earn cryptocurrency and make payments on the move using innovative connected car services being tested by Jaguar Land Rover.”

Earn cryptocurrency while driving

With this partnership, IOTA and Jaguar Land Rover have come up with a new “Smart Wallet” technology. This technology will allow users to earn cryptocurrency while on the go. They call it “credits” (the crypto that users will earn). Users can earn credits by sharing information about traffic and specific road conditions. Afterward, the users use these credits to pay for tolls, parking, and electric charging. It sounds like the user won’t have to do any additional operations with the car. Users will just have to enable this feature on their car. Then the cars will automatically report useful information to navigation providers or local authorities.

“’Smart Wallet’ removes the need for drivers to hunt for loose change or sign up to multiple accounts to pay for a variety of everyday services.”

Why exactly IOTA?

Jaguar Land Rover says that they specifically chose to partner with the IOTA Foundation to “harness “distributed ledger” technologies to make and receive payments”. They say that IOTA offers no transaction fees which makes this easier to operate with. Also, they anticipate that these car-to-car transactions will get faster by time. Their overall forecast is 75 billion connected vehicles by 2025.

Jaguar Land Rover’s Destination Zero strategy

The car manufacturer aims to achieve zero emissions, zero accidents, and zero congestion. They say that one part of this goal is to develop a shared economy where the “vehicle will play an integral role as a data gatherer”. They believe that with this new technology, traffic congestion will reduce which comes together with tailpipe emissions.

Russel Vickers, Jaguar Land Rover software Architect says: “[…] In the future an autonomous car could drive itself to a charging station, recharge and pay, while its owner could choose to participate in the sharing economy  – earning rewards from sharing useful data such as warning other cars of traffic jams.”

Jaguar Land Rover is the UK’s largest automotive manufacturer. In 2018 Jaguar Land Rover sold 592,708 vehicles in 128 countries. From 2020 all new Jaguar Land Rover vehicles will offer the option of electrification, giving their customers even more choice.

Source:

https://blog.iota.org/jaguar-land-rover-fc7f6b029053

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Russian opposition leader Alexei Navalny raised 595 BTC in donations!

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Alexei Navalny, a Russian politician who is the main opponent of Vladimir Putin, has raised more than 595 BTC in donations! This amount of Bitcoin has been gathered over the last three years. 

The Navalny Wallet

You can see the wallet address to raise donations listed on the donations page in the Navalny 2018 presidential campaign website.

The very first donation was in 2016, and since then there have been over 2100 transactions overall. This wallet has been actively withdrawing all the funds received. At one point, someone very generous had donated 20 BTC, but at the moment, this wallet is empty.

Russian television raises awareness

This week, a Russian television network Tsargrad TV highlighted these donations. Since Navalny’s political movement often binds with uncovering corruption documents on several Russian officials, the TV network questioned the legitimacy of these donations. Navalny is known for exposing corruption within Russian officials which include the Russian prime minister Dimitri Medvedev and Yuri Chaika. He even has an investigative center called the Anti-Corruption Foundation (FBK).

Not long after that, an anonymous Telegram channel “FBK Staffer’s Confession” pointed out that the wallet received several large donations a few days before the FBK published yet another investigation. The Russian media claims that it could be a paid piece. The FBK’s chief of staff denies any connection between the transactions and their investigations.

Source:

https://www.coindesk.com/russian-opposition-leader-raises-3-million-in-bitcoin-donations
https://www.blockchain.com/btc/address/3QzYvaRFY6bakFBW4YBRrzmwzTnfZcaA6E
https://2018.navalny.com/donate/
https://t.me/confessionfbk/14

Photo by Wikimedia Commons

Is Samsung developing its own Ethereum-based blockchain? Samsung Coin?

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Rumors say that the electronics giant Samsung is about to develop their own blockchain network which would be Ethereum based. This comes from an unidentified person who is “familiar with Samsung’s internal situation”, says CoinDesk. 

A Hybrid-blockchain

The unidentified, unofficial source tells that Samsung is building a blockchain mainnet based on Ethereum. However, this work is still at the “internal experimentation” stage. Additionally, it is quite unclear whether they are already working on a blockchain, or they are just about to figure out on what they are working. The source says:

“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.”

Judging by this quote, it’s clear that Samsung hasn’t yet figured out on what exactly they are working.

Samsung Coin

While they haven’t yet started working on their blockchain project, they are already claiming that they could be needing a Samsung Coin token. The source says that “the market expects Samsung Coin to come out, but the direction has not yet been decided”. This token could be used on its payments app Samsung Pay, however, at this point, it’s just speculation.

Moreover, Samsung says that their blockchain task force has been working on number of projects for “at least a year”.

At this point, all this is just speculation. It’s quite the same as all the rumors about a Facebook Coin and Facebook blockchain developers. When looking at it with a philosophically practical view, it is highly unlikely for such giant corporations like Samsung and Facebook to develop it’s own token/coin, not even talking about it being able to trade on a traditional crypto exchange. Facebook has revealed that even if they would be making a cryptocurrency, it would be a stablecoin.

Why would Samsung’s strategy differ much? Companies of such scale cannot allow the risk of implementing a highly volatile asset within their services. They are interested in a stable currency.

At the same time, it’s not impossible. I believe that almost everyone in crypto has pictured how that could affect the whole cryptocurrency market as such. 

Source:

https://www.coindesk.com/samsung-developing-ethereum-based-blockchain-may-issue-own-token

Photo by Omar Markhieh from Pexels

Previously Hacked Crypto Exchange Zaif Resumes Their Services.

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A Japanese cryptocurrency exchange Zaif, which was previously hacked for about $60 million, resumes operating on their services. Last year September 19, the hackers stole $60 million in BTC, BCH, and MONA with unauthorized access to the exchange’s cold wallets. The good thing is that the company had its own asset reserve of around $20 million. They made an agreement with a Japan investment company called Fisco to receive a $44.5 million investment in exchange for a large share of ownership.

Zaif Changes Owners

Based on the previously mentioned investment by Fisco, this Monday, April 22, Zaif officially signed over its business to Fisco. During all this time since the hack in September 2018, the exchange’s services (trading, depositing, withdrawing, and registering) weren’t operating. Now everything is back up and running. The new owners reinstated all services on Tuesday, April 23. However, while previously the company’s owners said that the investment from Fisco will be in exchange for a large share of the company, now it sounds like they are handing it over completely.

Refunds Users Lost Funds

As mentioned before, Zaif had an asset reserve of $20 million which they dedicated to refund its users. Fisco added their part of $44.5 million. The company explains that all the BTC and BCH holders have received their funds back. However, users who held MONA received only about 60% back in crypto. The rest of the compensation consisted of Japanese Yen at the rate of 144.548 yen per MONA.

Source:

https://www.coindesk.com/hacked-crypto-exchange-zaif-resuming-full-services-under-new-owner
https://corp.zaif.jp/info/10789/

Photo by Zaif.jp

Mithril migrates to Binance Chain. Becomes the first crypto to do so.

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On April 18th, a decentralized social media platform Mithril managed to migrate to the Binance new blockchain, thus becoming the first cryptocurrency to shift to the Binance Chain. Mithril is a social platform which rewards its users who create content with its native cryptocurrency MITH.

MITH moves from ERC-20 to BEP2

Mithril originally was an ERC-20 platform, but now they are migrating to Binance’s BEP2 technical standard. As they describe in their blog post, the migration from ERC20 to BEP2 will begin shortly after the launch of Binance Chain on April 18. While this has already happened, users now can easily withdraw their MITH from Binance to BEP2 wallets and begin trading on the Binance DEX. ERC20 versions of MITH which users store in private ETH wallets or exchanges will not be impacted.

About Mithril

Mithril is a decentralized social media platform that rewards all content creators. Mithril is building a comprehensive ecosystem that revolves around MITH. Users acquire MITH through Mithril mining, manage their assets on VAULT, and spend MITH in various real-life applications.

Source:

https://medium.com/mithriltoken/mithril-partners-with-binance-as-the-first-project-to-migrate-to-binance-chain-fe2f326c138f

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Tunisia and Afghanistan look into issuing crypto bonds

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Tunisia and Afghanistan are willing to become the first countries in the world to issue a sovereign Bitcoin bond. These two country’s governors were speaking at the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund which happened in Washington between April 8 and 14.

Help access needed investments

The governor of the central bank of Afghanistan, Khalil Sediq told that they were seriously considering issuing a sovereign crypto bond that uses blockchain technology. That would be as an instrument to raise around $5.8 billion which would help the private sector. Afghanistan’s mining, energy and agriculture sectors are “critical”, says Khalil Sediq. Also, he suggested that Bitcoin could be coupled with a form of metals future like Lithium. He notes that the value of Afghanistan’s mineral reserves estimates around more than $3 trillion. Also, Afghanistan now has become the worlds largest Lithium miner.

One of the reasons why Afghanistan is considering a Bitcoin bond is because the country is facing severe restrictions on non-concessionary borrowing, says Khalil. This means that a crypto issuance could offer a way to access international markets via blockchain.

Tunisia has a working group studying the issuance of a Bitcoin bond

Marouane El Abassi, the governor of Banque Centrale de Tunisie, also was speaking at the Spring Meetings conference. He revealed that Tunisia is in the works of issuing a sovereign Bitcoin bond.

Moreover, Tunisia was one of the first countries in the world which developed its own digital currency the e-Dinar. Also, they already had a working digital payments network through a Poste Tunisienne system which DigitUS Tech developed.

Additionally, Marouane El Abassi commented that Bitcoin and blockchain technology can offer central banks a very efficient tool. It could help to fight money-laundering, manage remittances, fight cross-border terrorism and limit grey economies.

Christine Lagarde, the managing director of International Monetary Fund, said that she thinks issuing Bonds using blockchain is possible, however, it needs testing, using a closed and supervised “sandbox” approach.

Source:

https://www.asiatimes.com/2019/04/article/kabul-tunis-in-sovereign-crypto-bond-race/

Image by Gerd Altmann from Pixabay

Happy Easter!

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Happy Easter to everybody!

These days it looks like everybody in crypto is taking a day off to celebrate Easter. Even the charts show it!

Image borrowed from coin360.com

Take some time off, have fun with your family, and enjoy these holidays!

Best Coin Investments 1 year anniversary!

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Right on this day one year ago, the idea of Best Coin Investments was born. 

Today we are proud to celebrate our 1 year anniversary of the idea what now has come true in the form of a fully functional crypto news website!

We are fulfilling our dream of making an all-inclusive crypto website for crypto investors, traders and enthusiasts. Our company have many new future plans in development for our viewers, so stay tuned!

Thank you for being with us in this journey!

We ensure that we will continue producing daily quality content for you!