Audi Think Tank in Collaboration with IOTA Pushes a New Use Case to Reality

While being down about 96 percent from its all-time high (ATH), IOTA (MIOTA) is currently trading at $0.2179. Meanwhile, its collaboration with Audi Think Tank from June this year is moving forward as they bring a new use case of emobility into reality.

Building in Bear Market

Audi and IOTA partnership is progressing forward as Malte Schönfeld, Venture Development Manager at AUDI Denkwerkstatt Berlin posted on his LinkedIn account about the latest development. Schönfeld wrote,

“What an awesome experience! The last five months we had a great time at the Audi Denkwerkstatt Berlin, working in cross functional teams with IOTA on a new project. With the focus on enabling trust for the user in emobility we pushed a new use case to reality. Stay tuned for further Information.”

He further thanked everybody including IOTA founder Dominik Schiener and Alisa Maas, Head of Mobility and Automotive at the IOTA Foundation among others for “putting so much energy & passion into this project.”

This has the crypto community and IOTA enthusiasts elated as one such enthusiast says,

“When fomo hits, it’s gonna be one hell of a trip.”

Another one comments,

“Huge IOTA and Audi fan. I am so excited to see what this brings.”

Back in June, it has been announced that Audi Think Tank is collaborating with IOTA Foundation in order to explore Tangle “to build a permissionless mobility ecosystem.”

At that time, Alisa Maas has stated, “This new way of working is exemplary for how car manufacturers approach innovation and is a great opportunity for IOTA to be maybe integrated into a new mobility solution with expertise from Audi.”

Another interesting point is, earlier this month Audi has been reported to invest about 14 billion euros in e-mobility self-driving cars. This $15.9 billion will be invested through 2023 in digitalization, electric mobility, and autonomous driving.

On this investment, Bram Schot, Audi’s interim management board chairman has been quoted as saying,

“This planning round bears a clear signature: We are taking a very systematic approach to electric mobility and will be much more focused in future. We are consistently prioritizing our resources for future-oriented products and services that are highly attractive and relevant to the market.”

Meanwhile, the 14 largest cryptocurrency as per market cap of $605 million has been trading at $0.2179 at the time of writing with 24-hours losses of about 4 percent. With a daily trading volume of $5 million, IOTA (MIOTA) has seen a drastic fall in price that is close to 96 percent from its peak at $5.25 in December.

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Binance Incubator Makes the Most Where Other Venture Capitalists Fade Away – Crypto Venture Investment

As crypto and blockchain businesses flourished, the nascent industry becomes a sweet spot for a lot of tech venture capitalists (VC). But the recent drop in crypto prices and some bearish commentary about the future has forced most venture capitalist to take a cautious approach towards deployment of funds into the industry which is becoming more uncertain. However, that’s not been the case Binance Incubator which is pretty confident on the cryptocurrency and continues to grow despite the market meltdown.

Binance feels valuations are reasonable for a private investment

Binance Labs, the incubator vertical of Binance cryptocurrency exchange, seems to have remained unfazed by the recent market meltdown. While other incubators are holding the “pause” button on the investment in the crypto industry which currently full of uncertainty, Binance is growing stronger as it expands to newer territories to find path-breaking opportunities. Recently Binance labs announced its that Binance labs will be launching its incubator program in five important cities around the world. The cities are Berlin, Buenos Aires, Lagos, Singapore and Hong Kong. The incubator plans to offer programs for early-stage blockchain projects.

Binance’s expansion news comes at a time when venture capitalists are not very keen on backing the young cryptocurrency and blockchain businesses. A recent tweet from Barry Silbert, founder of Digital Currency Group- the parent company of Grayscale investment, gives us an insight on how venture capitalists are even pulling out their commitments even after signing term sheets

Replying to this tweet, Erik Voorhees questioned this behavior of venture capital towards blockchain deals saying that doesn’t look as “smart money”

While VC’s are scared to deploy more funds amidst dropping prices, CZ speaks about why these bear times are interesting for making private investments. According to him, the most investable ideas already have a product or a prototype in place, are backed by strong teams and are available at reasonable valuations making them attractive bets now then they were at All-time highs

Binance Labs expansion move was also applauded by Joseph Young who too echoed the same thoughts and sentiments

The trust Binance is showing in these crypto startups is noteworthy and at these valuations, Binance is just picking up diamonds at price of coal, condition being, only if you believe in cryptos and blockchain.

Is Binance Lab’s doing the right thing by expanding in uncertain times? DO let us know your views on the same.

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TRON Crossed 2.53MM TXs With Migrated Developers from ETH and EOS

Justin Sun, Tron founder continues to break headlines with new announcement and claims. Recently, he took shots at developers of EOS and Ethereum platform to migrate to Tron network and today on December 14, he finally claimed that more developers have migrated to TRON already.

From ETH and EOS to TRON

He took Twitter early today embracing TRON’s new record which is 2.53 MM txs/day and 32,284 daily increase address. Moreover, he continued stating confidently that’ ‘More developers from #EOS and #ETH have migrated to TRON’.

His tweet reads it as follows;

Here is a view of TRON trx, shared by Justin Sun

At press time, TRON still gripped over its tenth position with a total market cap $870,504,211 while trading at the value of $0.013140 with 0.73% negative market during 24hrs.

The Battle

Nonetheless, the battle between TRON and ETH is not new, but the new battle of migrating dAPP to TRON began with Justin’s tweet of creating a specific fund.

The tweet was later followed by many enthusiasts of various crypto projects. However, one of the tweets goes beyond Sun’s offer and stated that the ETH and EOS both have larger and more prolific developer communities than Tron. Furthermore, it claims that developers will not have any specific reason to migrate to TRON.

Additionally, Eos community also responded Justin, stating that they are fine ‘given the billion dollars in VC funding’, further wishing a good luck for his open offer.

What’s your opinion about Justin Sun’s claim?

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Cryptocurrency User Base Swells Despite Market Meltdown: Cambridge University Research

Over the past few weeks, cryptocurrencies prices are in the different mood of their own. As one believes the prices have reached the floor, the price breaks the support levels and sink deeper. While bears seem to be in command of the market, there is some positive fundamental news for the cryptocurrencies. According to the latest report put forward by Cambridge University, the user base of cryptocurrencies has doubled even with markets melting.

Research also shows a rise in the number of cryptocurrency accounts

According to the latest research put forward by the Cambridge Centre for Alternative Finance. The number of verified users of cryptocurrencies almost doubled in the first three quarters of the year even as the market bellwether Bitcoin tumbled almost 80 percent, Users climbed from 18 million to 35 million this year.


These figures would definitely cheer the long-term Cryptocurrency Investors because this could mean that the cryptocurrencies are fundamentally getting stronger and the prices too would eventually show growth. This could also silence the critics who have made predictions that value of cryptocurrencies may go to zero.

“Conforming with popular narratives, survey data indicates that the majority of users – both established as well as new entrants – are individuals and not business clients,” authors of the study said. “Individuals can be hobbyists, retail investors, consumers, or users seeking a better investment or payment alternative.”

The number of crypto accounts increased as well, the study found.

The report also stated

“Growth rates were at their highest in 2017, and the number of new user accounts, as well as ID-verified users, continued to rapidly grow in 2018 as well,”

Although cryptocurrencies have slowly got, most users seem to be speculators and traders than actual users as cryptocurrencies are barely used in commerce due to its extreme volatility.

The use case number also includes people who are hoarding cryptos in place of fiat currencies as their sovereign currencies are depreciating.

The use case for cryptocurrencies is rising for sure as people are slowly understanding its advantages. Will it continue to grow now that’s the question which not many are able to answer.

Will cryptos soon become part of the mainstream commerce? Do let us know your views on the same.

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Ripple And Finablr’s UAE Exchange To Debut Blockchain Payments By Early 2019

Soon by the first quarter of the 2019, Asia may experience the cross-border payment settlement system. According to the local press, UAE Exchange is joining hands with U.S startup Ripple to offer cross-border remittances to Asia based on the blockchain. Promoth Manghat, executive director and chief executive at Finablr states;

“We expect to go live with Ripple by Q1, 2019 with one or two Asian banks. This is for remittances to start with, from across the globe into Asia.”

UAE Exchange Debuts RippleNet to Capture Asia’s market

Finablr is the key player in foreign exchange services where UAE exchange contributes as the networking company. However, the plan to offer cross-border payment solutions is not new, earlier in February 2018, UAE exchange has tied up with Ripple, focusing on future plan of getting into the core of blockchain. Moreover, the partnership intends to brand ‘UAE exchange’ as the sole and largest firm employing Ripple technology for international remittance.

Among the various products of Ripple, UAE exchange steps ahead with RippleNet. By employing RippleNet, it entered the row of 100+ Fintechs and banks to offer instant payment and transactions settlement.

UAE Exchange has been in a service of foreign exchange since 1980. Founded by B.R. Shetty, the firm is primarily headquartered in Abu Dhabi, UAE and observed how billions of funds transferred to Asia. Nevethless, an article notes that the roughly $613 billion sent in remittance in 2017 through various FX branches. Both, UAE Exchange and Ripple plan to grip up Asia’s market for remittance service by using blockchain technology.

UAE Exchange Plans to Progress Ahead of Blockchain Getting Into Mainstream

Though market appears with a lower volume since the later 2017, Finablr sees a huge potential and value in utilizing blockchain. Promoth Manghat, executive director and chief executive at Finablr aims to involve before it reaches mainstream; He said that;

“Blockchain holds tremendous promise for the industry but there is progress to be made before we see it go fully mainstream,”

He further aims to view how ripple works to boost ‘B2B solutions at Finablr’. Already in the year 2016, Finablr sets a target of investing $250million-$300million towards the expansion globally and a large amount of such target is already consumed. Manghat asserted that the firm has ‘ a strong pipeline’ now.

“Blockchain is one aspect we are looking at. We want to become the partner of choice for banks and technology companies and are looking at potential bolt-ons,” .

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Bullish on Ethereum But $20,000 a Conservative Bitcoin Price Prediction for 2019, Andy Cheung of OKEx

While Bitcoin is crashing, Andy Cheung, head of operations at OKEx exchange predicts Bitcoin to hit higher than $20,000 next year. However, he is more bullish on Ethereum development which has its hard fork coming in January.

Predicting a Big Year Ahead for Bitcoin & Ethereum

Bitcoin is currently trading at about $3,400, down more than 82 percent from its all-time high (ATH) in December last year. However, Bitcoin bull, Andy Cheung, the head of operations at the second largest crypto exchange, OKEx is still extremely bullish on the leading cryptocurrency.

Andy Cheung took to Twitter to share that the ongoing Bitcoin price crash is no big deal as Bitcoin has gone through even worse. According to his shared data shown below Bitcoin lost about 95 percent of its value in 2011 and 85 percent between the 2013-2015 time period.

And this is making Cheung bullish on Bitcoin price as he writes,

“Look at the percentage increase over the years. Above $20,000 seems already a conservative guess for 2019.”

Just recently, Bloomberg reported that its Galaxy Crypto Index is in oversold territory based on GTI Global Strength Indicator. This indicator “measures the strength of the price by comparing individual upward or downward movements of successive closing values.” Last time, this indicator was oversold has been in late November when “it rallied about 20 percent.” Though a long term upward trend is unlikely to happen, a small relief rally could be in order.

However, Cheung further mentions that he is more bullish on Ethereum which is currently trading at about $88, down more than 93 percent from its peak.

“But personally, I am more optimistic at the development of ETH next year.”

Next year, Ethereum has its hard fork coming in late January that could play in favour of the third largest cryptocurrency.

Recently, CFTC that regulates derivatives shared in a statement that it is planning to seek public feedback on Ether. The questions asked by the agency revolves around the difference between the functionalities, compatibility, governance, and underlying technology of Ethereum and Bitcoin.

A few months back, William Hinman, who runs corporation finance division of SEC said that he didn’t believe token was a security in its current form. This, according to Chris Concannon, president of Cboe marked as a clearance to a “key stumbling block for Ether futures.”

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Anonymous Group of Southern Cameroons Launches AmbaCoin Cryptocurrency

Anglophone separatist scholars, technocrats and developers are set to launch their own cryptocurrency known as “AmbaCoin”. The cryptocurrency is said to be built by an anonymous group related to separatists of “The Federal Republic of Ambazonia” or Southern Cameroons who are striving for the recognition of Africa’s newest country.

The ‘Federal Republic of Ambazonia’ or ‘Southern Cameroons’ is a region in Africa which is self-proclaimed by Anglophone Cameroonians or the people belongs to various cultural backgrounds. These separatists are striving ‘Southern Cameroons’ to internationally recognized as Africa’s newest country.

AmbaCoin – A New Crypto in Africa’s Market

Quartz recently reported that the pre-sale for AmbaCoin has already been conducted until November 10, 2018 and out of 100,000,000 tokens, almost 20082 crypto bond of AmbaCoin has also been distributed. Following the sale, its public offering is scheduled to organize on December 24, 2018. During the pre-sale, one AmbaCoin was valued for $25 cents (circa 140 CFA franc). Just like other tokens, AmbaCoin is is an ERC20 crypto token, built on Ethereum blockchain. Furthermore, the developers sees more potential in AmbaCoin and ensure it is built with features like confidentiality, transparency and low transaction cost.

However, the launch of AmbaCoin didn’t appear on any of the bulletins yet, Chris Anu, head secretary for the Federal Republic of Ambazonia” posted ‘ a sample of cryptocurrency bond” on his social media wall, writing, “We are getting there folks”.


Chris Anu ಅವರಿಂದ ಈ ದಿನದಂದು ಪೋಸ್ಟ್ ಮಾಡಲಾಗಿದೆ ಭಾನುವಾರ, ನವೆಂಬರ್ 25, 2018

Additionally, Cameroon’s Anglophone secessionists are planning to create a “traditional fiat currency” for Ambazonia. Consequently, AmbaCoin’s website notes that such traditional fiat will be used to back the new cryptocurrency, AmbaCoin.

The primary aim behind launching own cryptocurrency in Ambazonia is to access the resources and wealth within the region by using AmbaCoin bond than what Francophone-led government of Cameroon is offering presently. With this mission, developers created the crypto bond of their new token in order to raise capital and increase ‘Amazonian’ economy.

AmbaCoin developer said that;

“Numerous Ambazonians in the diaspora and other stakeholders who want to see a prosperous Ambazonia, are unable to help provide foreign direct investment to the Governing Council,”

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Swiss ETP Sees Rising Volumes As Savvy Investors Buy In Sluggish Market

It’s not a long time ago when the Swiss Exchange SIX launched the worlds first exchanges traded product. The ETP was anticipated to bring in some institutional monies in cryptos and the recent data shows that it has disappointed. The ETP has recorded some strong volume and inflows it happens to coincide with the drop in Bitcoin and Ethereum Prices clearly showing that the savvy investors are buying the dips.

The Correlation Between Volume of ETP and declining Prices Continues to be Strong

According to the recent tweet put forward by Su Zhu, CEO at FX Hedge Fund, the recently launched exchange-traded product is seeing record volumes and inflows continuously since the market has started melting down.

Although these are early signs but looks like the savvy investors are buying the dips. Zhu has also put forward his working that shows that there is a strong negative correlation between the volume of the ETP and prices of cryptos, that every time the prices of Bitcoin and Ethereum dip the volumes of ETP increases.

Looks like the launch of cryptocurrency exchange-traded product (ETP) at the end of November, on Switzerland’s Zurich-based SIX Exchange, hasn’t gone unnoticed by savvy investors hungry for some good news about the currently bearish asset class. quoted Lars Seier Christensen, Chairman of the Concordium Network and the Concordium Foundation saying that such products definitely have an advantage

““[The] upside: usually, these baskets of exchange-traded products are designed to give the investor a broader, more balanced access to a sector of interest, where the investment manager is offering to do the hard work of picking what should be in the shopping basket, getting liquidity organized, managing pricing, booking the trades and creating an indexed price for simple valuation.”

Her explanation of the product gives us an insight into why institutional investors would be interested in an exchange-traded product for cryptos.

The Amun Crypto Basket Index (SIX: HODL) offers exposure to the four most liquid digital currencies, as defined by market capitalization: Bitcoin (BTC), Ethereum(ETH), Ripple (XRP) and Litecoin (LTC).

For those unfamiliar with the structure of an exchange-traded product, it’s a type of security whose value comes from other investment vehicles—such as currencies, commodities or in this case cryptocurrencies—to which it is benchmarked. Its pricing is derived from the assets it holds and trades intra-day.

Alex Mashinsky, CEO of Celsius, a blockchain-based payment network, has a more optimistic take. He believes that institutions worldwide and family business offices are looking to add digital currencies to their portfolios. The diversification efforts in this regard would generally add 5-10% worth of holdings in this asset class, making the potential benefit for these funds considerable. He too was quoted by saying

“Many do not know how to buy and hold such assets or don’t want to touch the underlying asset. Because of this, many ETF, ETN and ETP products have been launched over the past three years. Each jurisdiction has its own rules and regulations. As well, many new funds have not yet been approved and are pending before regulators.”

With volumes data for ETP slowly rising it looks like the product is slowly becoming popular and hopefully it can one the floodgates for institutional monies.

Will Amun Crypto give confidence to SEC to clear the first Bitcoin ETF in the US? Do let us know your views on the same

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Binance Losses Top Cryptocurrency Exchange Position to OKEX and ZB.Com

Staying on top position of the unceasing volatile crypto market is like a crowning the king of cryptocurrency exchange by trade volume. That crown has been worn by Binance for some time now, however, there comes a shift in a position today on December 11, 2018, as OKEx and ZB.Com bagged first and second position relatively. At present Binance is no longer owns the crown.

OKEx and Pushed Binance to Third Place

According to coinmarketcap, OKEX overtakes Binance and stand with a total market cap of $469,552,174. which was on the top fifth position as on December 09, 2018 is now shifted to the second spot with volume $467,652,466. Eventually, Binance collapsed down to the third position with total volume $420,097,524 and lost its better portion. However, the shift is followed by Huobi, DigiFinex, CoinBene, Bit-Z, IDAX, HitBTC and DOBI trade.

Though the market is still in a red zone, the volume of is quite positive than that of OKEx and Binance.

While OKEx surpasses Binance, it’s not wrong to expect jumps up to OKEx since they both are battling with a little difference – the former stand with volume $469,552,174 whereas latter maintained its trading volume with $467,652,466.

Bitcoin is Still the Leading Cryptocurrency

Though major cryptocurrencies are shaky, Bitcoin holds a strong position to be a leader in crypto space. At press time, bitcoin was trading at $3439.30 tumbled again with other major cryptocurrencies including Ripple, Ethereum, Stellar, Tether, Bitcoin Cash, EOS, Bitcoin SV, Litecoin and TRON.

Such instabilities are common in the crypto market but it doesn’t stop any platform to still fight for the position. Reports recently revealed that Binance Exchange is launching its own blockchain. It is migrating its native token (Binance BNB) from Etehreum blockchain to its new platform called “Binance Chain’. Binance’s own blockchain will enable entrepreneurs and developers to issue their own tokens.

What do you think about this fluctuations of the decentralized market? Will Binance exchange get better in near future?

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TRON based Decentralized Exchange To Begin With Three New Trading Pairs

Justin Sun’s all-new decentralized exchange will go live soon with three new trading pairs. According to the latest tweet of TRXMarket, the new trading pairs would be “BET/TRX, FUN/TRX, and GOC/TRX”.

The new decentralized exchange (DEX) based on TRON Network will be launching in partnership with To begin, the platform will go live in pairs of Gochain (GOC) whose total market cap estimated at $15,061,280, DAO.Casino (BET) following total volume of $1,729,416 and FunFair (FUN) stands with total market cap $21,283,655 against TRON.

The tweet is soon embraced by the CEO and Founder of Tron “Justin Sun” who excitedly notes, “it’s just a beginning”.

However the operation of TRON’s DEX is yet to begin, but the website is live under the domain The official website claims TronWatchMarket as “the fully-featured Decentralized Exchange (DEX)“, asserting,

That will allow you to trade between TRON, TRX10, and TRX20 Tokens in a secure, decentralized manner. TronWatch Market will help to increase the liquidity of the TRON Token Network. As the DEX supports all tokens on the network, every token will benefit from this.

Even in a bear market, TRON has again made its entry among the top 10 cryptocurrencies by surpassing Cardano which stand with $0.029160. At press time, TRON is trading at value $0.013160 with a negative mark of 1.72% during 24 hours.

What’s your opinion about the brand new decentralized exchange based on TRON network? Lets discuss

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