Top five most interesting cryptocurrency articles for Monday, Aug. 21
Top 5 Coin Stories
source: allanlau2000
I put together a list of the five most interesting Crypto related articles going into your work week. Feel free to take a look, and don't worry - I included a TLDR for each.
Researchers from several American universities are using artificial intelligence to examine the Bitcoin blockchain to identify victims of sexual exploitation. The initiative plans to develop a freely available suite of tools that can assist authorities in tracking and identifying individuals working in the underground sex industry.
The price of monero, the privacy-oriented cryptocurrency created in 2014, shot up by over 80 percent this morning, shattering its previous record by around $35.
According to data from CoinMarketCap, the cryptocurrency has been largely trading in the $40–$55 range since May, yet at 07:00 UTC today, a spike in trading volume saw the price suddenly spike to an all-time high of just over $95.
Zerolink has claimed to develop a method for facilitating fully anonymous Bitcoin payments. Zerolink comprises a collaboration between developers from privacy-centric wallet services Samouraiwallet and Hiddenwallet.
In this opinion piece, Etsebeth outlines why he believes central banks won't be able to adapt to innovations in cryptocurrency, arguing they simply aren't setup to compete with sea changes in technology.
The game theory for miners begins to get more interesting as the BCH network has become 115 percent more profitable to mine than the Bitcoin blockchain.
Great post with interesting articles!
Thanks for sharing!
I think that many central banks of "weak" currencies will embrace blockchain technologies as a method of fighting the supremacy of dollar and euro. On the other hand, central banks of the strongest currencies (dollar, euro, yuan, swiss franc and british pound) will oppose to this technologies, and the governments using this currencies will issue laws that limit usage of cryptocoins. Well, UK and Switzerland may not issue very strict laws because they have a very strong finance industry, but they wont promote use of them either.
About monero and blockchain analysis news they show the two faces of cryptocurrencies. On one side, they can destroy privacy if they get strongly regulated. On the other side, they can greatly increase the size of problems like tax evasion and black market traffic.
Switzerland has started to embrace blockchain tech....Gnomes of Zurich!
TBH I'm sure this is going on globally - but few will admit it so openly. There is no way they can ignore this tech for much longer or else they'll risk being left behind.
Where as I agree that larger, developed countries will try to limit the efficacy of crypto coins - I think they'll only limit the extent that they can do the tech and create their own digital currency.
True, that is a very simple decision that probably would be enough for preventing current cryptocoins for increasing his market cap beyond gold. Cryptocoins created by governments would be much more convenient as they would have less strict anti-laundering and tax regulations.
On the other hand, biggest central banks are limiting cash operations, and they may completely ban cash when their cryptocoins are mature enough. Then the black money will migrate to monero and similar cryptocoins. My question is: the future crypto black market will be bigger or smaller than current cash black market? I hope it would be smaller, but I am afraid it would be bigger.
I think the crypto black market will correspond to how many forward thinking, technologically advanced participants are participating. I don't think it will inherently go one one direction or another based solely upon government interference.
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Will read later but for now @originalworks @pastbastard
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Nice, thanks @screenname.
great post radagast! keep it up! and thanks again for following!
Brilliant post.What caught my attention was the epic rise in the price of monero. I wonder what caused this and will it continue to rise or pull back.
Monero has held around the $40-50 USD level for like what, a year now? With the widespread interest we're seeing with Bitcoin, it's no real surprise that altcoins with more advanced features, such as pseudonymous transactions - would attract the more than "casual" bitcoin users.
I definitely think that Monero is gonna drop real soon.
It only has three options, rise, fall or move sideways. I could see it correcting itself but I wonder if it's time has come? It's been on a slow increase over the last year or so and I think if it was a little less confusing to use it would probably see more widespread interest.
upvote for you