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Japan’s LinkedIn Rival ‘Recruit’ Invests into BEAM Privacy Coin from Its $25 Million Blockchain Fund

A Japanese company called Recruit, which is known as the local equivalent of LinkedIn, Booking.com, Yelp, Zillow and others into a single app has announced that it has invested in cryptos. The company has invested in Beam Development Limited, the company that created the BEAM tokens. We are happy to reveal that Japanese public group, Recruit Co. LTD has invested in Beam prior Mainnet. This investment helps Beam fulfill its mission in Japan too when it comes to deploying a compliant, scalable, and confidential cryptocurrency. https://t.co/suw6uaibVt @_tanayuk — @Beamprivacy (@beamprivacy) February 18, 2019 Beam Privacy Coin has revealed that the Japanese group invested in the company before they released their mainnet and that this will the company to deploy its product on Japan more easily. According to the official information released by the companies, the investment was made at the beginning of January and it was made through a Recruit’s venture fund that is only focused on investing in the blockchain technology. The value of the investment was $25 million USD. This fund is known as RSP Blockchain Tech Fund Pte. Ltd. It is designed to deploy capital to startups that are focused on this emerging tech. The company is now interested in non-equity funds and it is already planning to organize a token sale agreement that will help with the growth of the industry. Recruit decided to invest in the blockchain technology because the company decided that confidential transactions were a key element that could private companies more interested in using the blockchain, which would help with the growth of the industry as well as to benefit the company for investing in this tech. The reports affirm that Recruit saw the revolutionary aspect of cryptos and decided to facilitate innovation while preserving the confidentiality of the transactions. However, the company is certain that this kind of technology will have to be regulated in order to achieve the best results so that no abuse is made using the technology. Recruit has made at least four more blockchain investments recently, including companies like ShoCard, bitFlyer, Veem, and Shift. About BEAM BEAM is the new token created by the Beam Development Limited team. The token is a privacy coin just like Monero (XRM). It uses the MimbleWimble protocol, which is used to cloak the transactions and mix them in a way that nobody will ever be able to determine who is making the individual transactions. Because of the efficiency of the protocol, BEAM tokens made quite a significant splash when its mainnet was launched last month. BEAM has a market cap of $7.2 million USD and it is currently down 4% in the last 24 hours. Its current price is $1.17 USD. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 18th)
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Litecoin Collaborates With Beam Privacy For Mimblewimble Implementation

The team behind Beam Privacy has recently announced on an interesting implementation of Mimblewimble as Extensions Blocks into Litecoin. What it means is that once applied, conversion from LTC to LTC-MW and back will be possible. It’s important to mention that it’s an extension of Litecoin’s first layer nor a sidechain. The research and development process will be quite long and subject to extensive peer review. The outcome may also improve the Mimblewimble implementation in Beam assuming consistent improvements will be found during the collaboration. The implementation will be an open source and with a permissive license. In the future, Beam expects that other coins decide to integrate to it as well, especially if they are a fork of Bitcoin, which is easier to integrate. Looking For Future Implementations The fact that the Litecoin Foundation agreed to work with Beam is a testimony to their support of Mimblewimble. Improving the fungibility and privacy in crypto in general, not limited to Beam, are aligned with the team’s goal: “We believe that Beam’s implementation of Mimblewimble and Litecoin, in general, will be better due to the collaboration and peer review process.”, as reported by Beam’s Keyser Söze Guy Corem, “It will take probably over a year to implement, and a lot of high-caliber open source devs will review it.” If Mimblewimble is available on Litecoin, won’t it make Beam unneeded and redundant? “Beam isn’t a one trick pony, as according to its roadmap here. We are planning to upgrade layer1, implement LN, Confidential Assets, and Compliance and make Beam one of the most used crypto for real-world applications and use cases.” Charlie Lee, the creator of Litecoin, had recently tweeted: Team has been chatting with the @vcorem and @beamprivacy team about MimbleWimble on Litecoin with Extension Blks. Pleasantly surprised that Beam has already implemented switch-commitments w/ ElGamal. It’s a safety switch to protect against quantum computing breaking CT soundness. — Charlie Lee [LTC⚡] (@SatoshiLite) February 6, 2019 Beam Privacy is a new cryptocurrency built on the Mimblewimble protocol. The last focuses on privacy, fungibility, and scalability. Beam has recently started trading and gained popularity, together with Grin Privacy project. Beam and Grin comparison The post Litecoin Collaborates With Beam Privacy For Mimblewimble Implementation appeared first on CryptoPotato.
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Beam Privacy Coin Utilizing MimbleWimble Finds ‘Critical Vulnerability’ in its Wallet per Dev Team

A critical vulnerability was found in Beam Wallet. According to a recent tweet uploaded by Beam Privacy, the Beam developer team discovered a vulnerability in its wallet. Apparently, this affects all previously released Beam Wallets both in desktop and CLI. CRITICAL VULNERABILITY IN BEAM WALLET 9.1.2019 20:20 GMT Critical Vulnerability was found in Beam Wallet today. Vulnerability was discovered by Beam Dev Team and not reported anywhere else. Vulnerability affects all previously released Beam Wallets both Dekstop and CLI. — @Beamprivacy (@beamprivacy) January 9, 2019 The company says that the vulnerability does not affect wallet data, secret keys or passwords. In order for users to be protected, they must follow very carefully a few steps to solve this issue. The first thing that users need to do is to stop running Beam Wallets immediately. After it, users will have to uninstall the Beam Wallet application and other executables. However, the database shouldn’t be deleted, neither any other data. After all, users will have to download the Beam Wallet once again from the official website. It will have the same version numbers as previously published archives. Beam is the privacy coin that is currently implementing the MimbleWimble protocol. The company will be releasing a proper update with more information and details about this issue. Beam was officially launched back on January 3 and it is the only coin implementing the privacy protocol known as MimbleWimble. 2/4 DO NOT DELETE THE DATABASE or any other wallet data. The vulnerability DOES NOT affect wallet data, secret keys or passwords All Beam users are REQUIRED to follow the procedure below IMMEDIATELY!!! 1. Stop your currently running Beam Wallets immediately — @Beamprivacy (@beamprivacy) January 9, 2019 3/4 2. Uninstall or delete your Beam Wallet application and executables from all machines. DO NOT DELETE THE DATABASE or any other wallet data 3. Make sure the application was deleted. Check the documentation for the location of Wallet app files (https://t.co/aso6IUTkan) — @Beamprivacy (@beamprivacy) January 9, 2019 4/4 4. Download Beam Wallet again from the website only (https://t.co/RVkKoGAqN1) It will have THE SAME version numbers as previously published archives Make sure the SHA256 of the archive matches with the one published on the website. 5. Install the new application — @Beamprivacy (@beamprivacy) January 9, 2019
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Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market

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Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the Chicago Mercantile Exchange [CME], and the Chicago Board Options Exchange, with ten prominent cryptocurrency exchanges’ in terms of their trade volume. Prior to shedding light on their Futures versus Spot findings, it must be noted that the report revealed that 95 percent of the trading volume of unregulated exchanges were seemingly “fake and/or non-economic wash trading”. Taking into account this disparity, the percentage of futures volume to their spot equivalent increases from 1.51 percent to 33.33 percent. Reported Spot volume totaled $6 billion, but after removing the “suspicious exchanges”, the actual volume recorded dropped to $273 million, in comparison to the futures market volume of $91 million. Furthermore, the increase in futures’ volume as a percentage of the spot market has been steadily increasing. From November 2018 to January 2019, the futures market was just over 15 percent, and almost doubled in February 2019 to 33 percent. Since the Futures contracts were approved in December 2017, only on two occasions did the Futures volume, in comparison to the Spot market, shoot above 20 percent; this was in May and August 2018. Futures Volume expressed as a percentage of their Spot Equivalent In terms of their stand-alone trade volume, the CME and the CBOE are in good stead against the world’s top cryptocurrency exchanges. The daily volume the CME, which brings in $84.82 million, ranks second behind Binance’s $110.5 million and ahead of Bitfinex, which records $38.06 million in daily trade volume. The CBOE also fairs well, taking the ninth spot on the ladder, ringing in $6.12 million in daily trade volume. Gemini takes the eight spot with $8.11 million and itBit caps off the top-10 with $5.58 million in daily volume. Notable, among the top-12, eight exchanges are registered within the United States. Despite the CBOE’s comparative success against the spot exchanges’, it has not been performing well against its cross-town rival, the CME. This slump forced the CBOE to delist their Bitcoin Futures [XBT] for March 2019. However, the XBT futures that are yet to expire later in the year will not be off-loaded prematurely. Bitwise also points out that the CME Futures Price tracks the Global Spot Price based on an arbitrage model. Given below is a chart attesting the same: Arbitrage between the CME Futures price and the global Spot price The post Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report appeared first on AMBCrypto.
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How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval

The SEC has held the ETF approval for Bitcoin and Cryptocurrency for a couple of reasons. The most significant reason for the same has been the unregulated marketplace. While decentralization in Bitcoin is an attribute that makes it an ideal asset class, the market places or Exchanges that provide for conversion of FIAT to Cryptocurrency is still controlled by independent entities. A recent report by Bitwise Asset Management published by the SEC inferred that more than 95% of the cryptocurrency volume is being faked. Hence, according to that, the ‘actual spot volume’ on cryptocurrency exchanges is a little above $270 million. Moreover, the reported volume of CME and Cboe Bitcoin Futures is more than one-third of the ‘actual spot volume’ estimated by Bitwise. According to Bitwise Asset Management, This is good news because it means CME— a regulated, surveilled market— is of material size, which important for an ETF. The case of a Bitcoin ETF Approval Now CME Bitcoin Futures reported a spot trading volume of $85 million. Moreover, according to Bitwise Asset Management, the actual trading volume of the Crypto-to-FIAT Exchanges is around $273 million. Hence, according to this statistic the Futures Trading Volume of CME alone accounted for 31.1% of the ‘Actual Exchange Volume.’ Moreover, there are other Bitcoin Futures market active in Europe and Japan as well. Hence, going by the above statistic, it can be said that the institutional investment might be in parity with the unregulated investment in Bitcoin. However, the Exchanges have reported total spot volumes total to the tune of $6 billion. This can necessarily raise doubts on its demand being higher than $100 billion. However, it does not directly affect the total market capitalization of a cryptocurrency.   Parity Between Spot Trading of Bitcoin and Gold The spot trading volume of Gold is 0.55% of its total market capitalization, while according to Bitwise statistics spot ‘actual spot trading on Bitcoin is 0.39%. If the CME Futures volume is included in this data, the percentage will increase to 0.51%. The OTC trading volume on most exchanges is also not added in the Exchange Data. All this suggest that the institutional investment in Bitcoin is considerably more significant than one expects. It is not only healthy in volume but also agrees statistically with the closest relatable asset class, i.e., Gold. Hence, a new form of informational mechanics for the trading of Bitcoin and Cryptocurrency in regulated Exchanges could alleviate the doubts around the Bitcoin ETF approval.   The post How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval appeared first on Coingape.
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Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. […] Cet article Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA est apparu en premier sur Bitcoin Central.
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