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How do I buy Siacoin (SC) using a credit card?

What is Siacoin? Siacoin was developed in 2013 by David Vorick and Luke Champine as a project based on blockchain technology. The idea behind the platform is to offer a completely decentralised marketplace supporting data storage which hosts compete for business. Using the platform, individuals or companies rent out space on their unused hard disk drives and earn Siacoin for the storage space. How to create a Siacoin wallet Sign up for a free Coindirect account and you will automatically get a free Siacoin online wallet. You can use your Siacoin wallet to buy, sell, store, send (withdraw) and receive (deposit) SC. How to create a Siacoin address Once you have signed up for a free Coindirect account all you need to do is press the ‘Receive’ button to reveal your Coindirect Siacoin wallet address. How to buy Siacoin with a credit card Sign up for a free Coindirect account. Find your Siacoin Wallet and click the  ‘Buy’ button in your Siacoin Wallet. Select “New VISA Card (EUR)” or “New credit card (NGN)” if you are in Nigeria. Enter EUR value of Siacoin you want to purchase (more than the minimum limit) or the Siacoin amount you want to buy and then click ‘Preview Buy’. You will receive a quote, press ‘confirm’ before the timer runs out (counts down from 55 seconds). Type in your credit card details and pay. You will be taken to a page to verify your transaction. Finally, you will be redirected back to your Coindirect Wallet once the payment is successful. How do I purchase Siacoin from my bank account? If you are in South Africa or in Europe in a SEPA country you can deposit ZAR and EUR into your Coindirect ZAR Wallet or Euro Wallet respectively. To fund your account you have to transfer money using bank transfers. To get the funding instructions so that your account is credited: Go to your ZAR/EUR wallet and click the “Fund now” button. Alternatively, click the Fund tab in your Coindirect wallet and click on “Transfer Now”. Select the bank to transfer to from the drop-down menu to get payment details and the reference you should use (highlighted in blue). Transfer the money from your bank account into the account shown on the screen then wait for the bank transfer to be processed (0-3 business days depending on the bank). Once the funds reflect in your ZAR wallet, go to your Siacoin wallet and click “Buy” and select “Wallet (ZAR)” or “Wallet (EUR)” as you payment method. Where can I sell my Siacoin? You can sell Siacoin from your Coindirect wallet by clicking the ‘Sell’ button in your Siacoin wallet. If you are in a SEPA region or South Africa. You can sell your Siacoin and instantly get money transferred to your Wallet (ZAR or EUR). If you are in another region with no local currency wallet. You can sell your Siacoin by creating a sell offer on the marketplace.  You now know how to buy Siacoin instantly from almost anywhere in the world. Make sure to download the Coindirect App to trade Siacoin from the palm of your hands.  Credit card limits Please note that Coindirect has limits for credit card purchases in place. Make sure that your account is verified so that your credit card purchase limits are increased. Currently, the limits for credit card purchases are: Unverified users – €175 – €500 Verified users – €890 – €1000 Earn Ripple Buy Siacoin using your credit card and invite your friends to join Coindirect through the Earn program. When they sign up and perform their first transaction, you will both receive 5 XRP. The post How do I buy Siacoin (SC) using a credit card? appeared first on Coin Insider.
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FunFair, Basic Attention Token, Stellar and Siacoin Top All Cryptos; Coins as a Whole Up 2.03% Overall, 1 Coins Cross Key Moving Average

Yesterday’s Movers and Shakers Over the past day, the top performing coin out of the 133 coins we are tracking was FunFair, which offered a day-over-day return 18.74%. The next three best performing currencies were Basic Attention Token, Stellar, and Siacoin, which gave holders daily returns of 12.03%, 10.2%, and 9.6%. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex The Crypto Big Picture In the past day, the average percent change in price for the coins in our index was a move up 2.0258%. Specifically, 97 coins in our index were up while 36 were down. The chart below shows the average daily change for all the coins in our index over time. 1 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves Here’s a list of the specific coins that crossed their key moving average level: THETA. Volatility traders may also wish to note that 5 of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post FunFair, Basic Attention Token, Stellar and Siacoin Top All Cryptos; Coins as a Whole Up 2.03% Overall, 1 Coins Cross Key Moving Average appeared first on DecentralPost.
DecentralPost

BQX, Blox, Siacoin and Bitcoin Gold Top the Crypto Charts; Coins as a Whole Down 3.29% Overall, NA Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was BQX, which gave its holders a 21.38% day-over-day return. Other notable currencies were Blox, Siacoin, and Bitcoin Gold, which experienced daily returns of 13.08%, 11.79%, and 7.46% respectively. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Was the Crypto Market as a Whole Up or Down? In the past day, the average percent change in price for the coins in our index was a move down -3.2934%. On a more granular level, 24% of the coins we’re tracking were up while 76% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. 22 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Which Currencies Had Major Price Moves? Those 22 coins are: Crypto.com, Moeda Loyalty Points, AirSwap, Bitcoin Gold, TRON, Storj, NULS, Tierion, Decentraland, AdEx, Populous, Time New Bank, Gifto, aelf, Bread, Nano, Storm, NEM, Wanchain, Golem, QuarkChain, Siacoin. Volatility traders may also wish to note that NA of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post BQX, Blox, Siacoin and Bitcoin Gold Top the Crypto Charts; Coins as a Whole Down 3.29% Overall, NA Coins Have Contracting Volatility appeared first on DecentralPost.
DecentralPost

What Is Siacoin (SC)? | A Guide to Decentralized Cloud Storage

What Is Siacoin? Siacoin, or Sia for short, provides a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. Using Sia, anyone can host or access encrypted storage through the platform, and all contracts, storage proofs, and transactions are verifiable using the blockchain’s public ledger.   Remember that old Apple marketing campaign when the iPhone was in its infancy and the app store craze was in full swing?  “There’s an app for that.”  Well, blockchain has taken the world for a ride with its own rise in popularity, and as use cases and adoption abound, a similar mantra could ring true: there’s a crypto for that. Indeed, it seems like development teams are pushing crypto into any existing industry that might have a use case for blockchain. We’ve covered a few of these before, those projects with actual, working services. And, we’ll be covering one of those in more depth with this guide. In this Siacoin guide, we take a look at: How Does Siacoin Work? Why Sia? Siacoin Team and Competitors Trading History Where to Buy and Store SC Siacoin Roadmap Final Thoughts Additional Siacoin Resources How Does Siacoin Work? On a fundamental level, Sia takes cloud storage out of the hands of monolithic providers and puts it back into the hands of individuals. Doing so provides a peer-to-peer storage ecosystem that allows anyone to rent out or take advantage of spare hard drive space. Sia Transactions All services on the network receive Siacoin (SC) payments. And all transactions in the Sia ecosystem are secured through filing contracts and storage proofs. Storage Ecosystem Sia’s platform consists of both providers (hosts) and clients (users). Through the platform, users commission storage space from hosts, and the hosts are compensated for their services in Siacoin.   The ecosystem provides flexible storage options and is largely free-market driven. Providers can set their own prices, advertise their level of reliability, and set standards for penalties should problems arise in storage (such as lost files). Additionally, they can choose to deny a client storage if they’re uncomfortable with the nature of that client’s data (e.g. sensitive, illegal, or ethically questionable materials). Sia is a free market ecosystem. Clients also have a series of protections in place to safeguard their own interests. They have the option to split copies of their data between multiple providers to ensure file security and retrievability. For instance, if a provider were to lose a client’s file or simply refuse to release it, the client could still retrieve their files from another provider’s storage. Both parties can also agree upon contractual penalties that a provider will incur if they don’t provide proof of storage. Clients have the option to reward providers with uptime incentives on top of the storage fees, as well. With these payments, clients incentivize providers for being more attentive to their needs, which means providing faster document uploads, enhanced upkeep to process requests, etc. File Contracts When a client and a provider wish to conduct business, they agree to draft a file contract. While a provider’s hard drive stores all data, Sia’s blockchain stores the contracts for these arrangements. These file contracts define the terms of a storage agreement and ensure that both parties conduct their business accordingly. Since the contract is stored on the blockchain public ledger, the original arrangement is verifiable and immutable once it has been submitted to the network. As we went over above, contractual terms are flexible based on circumstance. If a client is willing to sacrifice reliability for affordability, it’s within their right. If a provider wants to charge more for storing mass amounts of data, and the client agrees to the terms of the contract, so be it. Users on the platform must govern their own provider choices based on a host’s reputation and storage requirements. Likewise, a provider must judge whether or not they can accommodate a client based on that client’s needs and demands. Sia’s blockchain keeps the record of all the network’s file contracts. Still, file contracts add a much-needed layer of security to the network. They define the duration of an agreement, how often a provider must submit proof of storage, and an agreed-upon payout. When you create a contract as a client, you upload a balance of Siacoin into the contract for future payments. Thus, whenever you upload a document for storage, some of the money from this balance is transferred to the host. If you don’t use all of your balance and the terms of a contract end, the remaining coins return to your wallet. Proof of Storage Sia implements proof of storage to protect clients from fraudulent or malicious providers. In order to receive payment, a provider must present a certain number of proofs to the network within time frames specified by the terms of the file contract.   If a provider fails to provide proof of storage within that window of time, the proper payment is sent to a missed proof address until proof is submitted. And, the provider may receive a penalty for their negligence. If a provider misses too many proof of storage mandates, the contract may terminate entirely. When, however, a provider successfully provides proof of storage, the contract awards payment to a valid proof address. A series of spend conditions must be met before a provider can access these coins, including network signatures and time locks. Why Sia? Sia’s platform offers a number of benefits compared to traditional cloud storage services. Privacy: All data processed on Sia’s network is encrypted. Unless a provider has the data’s private key, they cannot access your files, meaning you’re always in complete ownership/control of any materials you commit to storage. Under traditional models, the companies that host cloud storage have complete access to any data you relinquish to their servers. Affordability: Siacoin offers flexible, market-driven pricing options for its users. There’s no one-size-fits-all option for clients to choose from. For example, 1TB of data storage using Sia can cost as little as $2 a month, compared to Amazon’s services which run at $23 a month. Security: Again, all data on Sia is encrypted and processed through a decentralized network, keeping your material secured from the vulnerabilities of a centralized system. Moreover, Sia offers redundant storage. In splitting documents between multiple providers, Sia protects client data from a single point of failure. Cost Comparison Between Sia and Other Popular Providers Siacoin Team and Competitors Sia is a project under Nebulous, Inc. that began in 2015. Unlike most other altcoins, Sia didn’t have a pre-mine and didn’t hold an ICO. Instead, the company has raised funds from First Star Ventures, Fenbushi Capital, and others. The Boston-based team is led by co-founders David Vorick and Luke Champine. The pair are young, having graduated from Rensselaer Polytechnic Institute just five years ago. Competition There’s no shortage of decentralized storage systems in the blockchain industry. One competitor, Filecoin, had one of the largest ICOs, raising $257 million. They haven’t released a product yet, though. Siacoin also competes with Storj and MaidSafe. Sia and Storj approach decentralized storage using similar strategies. However, Sia operates on its own blockchain while Storj is an ERC20 on Ethereum. Currently, SC has the highest market cap out of any of the competitors.  Trading History For the most part, the Siacoin price has followed the overall market. It’s had three significant jumps in its history. The first occurred in the middle of 2016 when the price rose 1150% in less than two months. News of the upcoming v1.0 release in June 2016 most likely caused this growth spurt. Following that, SC fell for the remainder of 2016 and start of 2017. The next set of meaningful price action was in May/June 2017. This movement directly followed a company update filled with positive news including the publication of a roadmap. In the middle of June, the SC price reached its all-time BTC high of 0.00000843 BTC.  The most recent SC price jump coincided with the 2017 bull run in which it hit an all-time USD price of $0.10. Like most crypto-assets, Siacoin was hit hard in the 2018 correction. It seems to have currently found some support at around $0.002 (0.00000062 BTC). baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=SC&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); With a product already in the market, increased adoption will have the most direct effect on the price. A few major partnership announcements could help as well. If past performance is any indicator of future results, though, it may take a market turnaround to get this coin moving. Where to Buy and Store SC You can buy Siacoin in either BTC or ETH trading pairs from Binance and Bittrex.  The former houses the bulk of SC trading with around 25 percent of the daily volume. You also have mining as another method of obtaining some SC. Your two primary options for SC mining pools are Luxor and SiaMining. There are two types of wallets made available by the Sia team. The first, Sia Daemon, is a command line interface (CLI) wallet available on Mac, Windows, and Linux. If you’re not tech-savvy, you should avoid this wallet. The second wallet is Sia UI. This graphical user interface (GUI) wallet is easier to use than Sia Daemon.  Siacoin Roadmap The Siacoin roadmap is publically available, so you can stay on top of whatever they’re currently working on. Right now in the short term, the team is looking to completely overhaul their user interface as well as add support for video streaming. In the medium-to-long term, they plan to: Add simple file sharing (inside and outside Sia network) Support larger files (>10 TB) and tiny files (~100kb) Enable file recovery via wallet seed Create mobile wallets and light clients Much, much more Final Thoughts Siacoin is a refreshing project in a space that is full of promises, vapourware, and unproven products. The Sia team actually has a product that you can access today, and while there’s still room for improvement as the roadmap suggests, the service is still up and running. Further, Sia offers a more flexible storage option for its users compared to other cloud storage providers. Its peer-to-peer ecosystem is directly in line with the decentralized, liberating nature of blockchain technology. The project’s endgame “is to become the storage layer of the decentralized internet, ensuring privacy and redundancy through decentralization, and entirely replacing existing cloud storage providers.”   So as Sia–and blockchain–mature, we’ll see if it can cut out the middleman and achieve its long-term goal as the new industry standard for cloud storage. Editor’s Note: This article was updated by Steven Buchko on 2.14.19 to reflect the recent changes of the project. Additional Siacoin Resources Website Whitepaper Roadmap Blog Discord Gitlab Twitter The post What Is Siacoin (SC)? | A Guide to Decentralized Cloud Storage appeared first on CoinCentral.
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IOTA Introduces Permanode Tech For Long-Term Data-Storage

The IOTA Foundation is taking a major step towards ensuring permanency in the Tangle, announcing a “Permanode” technology called Chronicle. IOTA is designed as a protocol for the permissionless and frictionless exchange of value between machines and humans, with the Tangle acting as a distributed ledger. Using the new permanode technology, users will be able to securely store data, where it will be  “verifiable to third parties for free.”   While some data doesn’t need to be stored for years, decades, or lifetimes, certain sorts of data require greater permanence. “For example,” the IOTA blog explains, “financial data must be stored for 10 years in some cases, and identity data needs to be kept for the lifetime of the identity.”  The IOTA Foundation describes the new permanode technology as a “crucial building block” for enabling these types of use-cases. The Foundation describes Chronicle as the “official permanode solution,” enabling easy access to the Tangle’s entire history, which is stored indefinitely via the technology.  The system is described as a “distributed fault-tolerant permanode that scales out and up…”     source: IOTA Foundation   Chronicle has some unique and interesting use-cases for community members and businesses, such as offering “query as a service.” Node owners might find a new stream of revenue charging IOTA tokens to access Tangle data. Further services could be added through “Multiplex networks,” offering “microservices… that can communicate with public and private dataset(s) under different policies.”  Chronicle is due for a third-party audit to ensure it is ‘water-tight’ before it is released to the public. The IOTA Foundation invites community members to take part in the work, with grants available for “developing and expanding the notion of permanodes.”   source: CoinMarketCap   IOTA joined the altcoin surge today, enjoying a healthy bump of more than 14% in value against USD and BTC over the past 24 hours. The token has enjoyed a positive week, with over 10% growth in USD price over the past seven days.   The post IOTA Introduces Permanode Tech For Long-Term Data-Storage appeared first on Crypto Briefing.
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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
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VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
Benzinga

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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