Category Archives: Cryptocurrency

An Illustrated Glossary of Cryptocurrency Slang (Infographic)

From “whales” to “shills” and “bag holders,” if you want to be a successful cryptocurrency investor, here are the terms you should know.

June 16, 20182 min read

Since the rise of Bitcoin over the past few years, cryptocurrencies have been all the hype. And if youre interested in hopping on-board the crypto-train, its important to know what youre talking about. Just like the pool of investors and the market itself have grown considerably over the years, so has the culture, along with new slang and memes popping up everyday.

Related:14 Things You Need to Know AboutBitcoin

To equip yourself with up-to-date cryptocurrency slang, heres a quick glossary of important terms you should know. For starters, get used to hearing the word whale thrown around. Whales are investors who own five percent or more of any cryptocurrency coin. Other names to be aware of are shills and bag holders. A shill is basically a scammer in the crypto-world — a person who promotes altcoins for their own benefit. They encourage others to invest in altcoins in order bump up their own investments. Bag holders are people who hold onto their investments for too long. When it comes investing in the volatile cryptocurrency market, its incredibly important to know when to hold on and when to let go.

Speaking of holding onto investments, another common term is the acronym, HODL, meaning hold on for dear life. This term was coined after someone accidentally wrote HODL instead of hold in a 2013 Bitcoin forum. From the hashtag #REKT, used to describe investors who experience a major coin collapse, to the phrase to the moon!, meaning a coin is increasing extremely fast, there are a number of tricky terms to learn if you plan on being a successful crypto-investor.

Related:What are the Fundamental Benefits ofBitcoinOver Traditional Money?

To prepare yourself, check out 99Bitcoins infographic below for an illustrated glossary of cryptocurrency slang.

Follow this link:
An Illustrated Glossary of Cryptocurrency Slang (Infographic)

ATB Coin – The fastest and most secure payment system

General at all





ATBCoin alpha is ready for an ICO

Crowdsale process

Daily trade value hits $1000000

Becoming a popular global cryptocurrency

Official law office opening in USA (ask our support for an address)

Payment gateway for our partners

Additional offices in other countries on demand

Building own investment portfolio

ATB Coin public test launch

ATB Coin White Paper

ATBCoin first block mined & mining launch

Protocol updates

Press-conference at the biggest world-class financial center in New York city

ATB/USD is listed at USA, Canada, Europe & Asia exchanges

Exchanges start to trade with ATB Coin pairs

PR & marketing campaign

Exploding our targets on market and its geography

Charity events

Eliminate any kind of transaction fees using ATB Coin

iOS & Android apps release

More exchanges lists ATB pairs

Lightning Network

Block confirmation lasts 2,5 min

More here:
ATB Coin – The fastest and most secure payment system

Apollo All-in-One Cryptocurrency

About Apollo

Utilizing a community of world-class developers, managers, marketers and researchers, the Apollo community, backed by the Apollo Foundation, has set out to accomplish the goal of making Apollo the most technologically advanced, feature-rich currency on the market. The Apollo Foundation understands the demands of a top tier cryptocurrency and they believe they can create a coin that will integrate everything necessary to replace the current currency options. As they develop and improve Apollo, the Apollo team will strive to develop features which have not previously used in cryptocurrency. The primary goal of the Apollo foundation is to create the first all-in-one cryptocurrency, innovating and incorporating every ability that could be beneficial in a digital currency, all in a single decentralized platform. The first major update, Olympus Protocol, puts mass adoption-proof privacy at Apollo’s core. This is because the Apollo Foundation knows the ability for a user to buy, sell, trade and send in absolute secrecy is vital in an industry that could be moments away from intense regulation. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.


Olympus Protocol

Decentralized Exchange

Decentralized Marketplace

Olympus protocol will integrate functions allowing for the simple choice of whether to send publicly on the blockchain or privately using the blockchain. As part of this protocol we will be integrating an IP masking feature that will hide the users IP address.

We are also working to secure a technology that would keep nodes from being blocked by entities. Olympus Protocol will help make Apollo the safest, most feature-rich privacy coin in existence.

The decentralized exchange is an important feature in the Apollo platform as it allows for the fast and private purchasing, selling and trading of all assets, tokens and currencies created within Apollo. We are in the process of also adding Bitcoin, Ethereum and many other well-known cryptocurrencies to this exchange. This will allow users the ability to buy and sell Apollo privately from any nation on Earth.

The Apollo decentralized marketplace will allow users to buy, sell and trade physical and digital goods using the Apollo currency. Users can list goods to be sold locally or even worldwide. Trading will be decentralized and untraceable allowing the free trade of any item. Future updates will include a review and reputation system aiding sellers in building a positive reputation based on experiences.

Next-Generation Blockchain

Having utilized NXT technology as our base, we are developing Hermes to be it’s replacement. Hermes will allow the Apollo blockchain to grow faster and healthier the larger the Apollo user base grows, rather than slower as with most cryptocurrencies on the market. Where as our current speed may be 20 to 30 seconds on average (transaction times will differ) Hermes will allow for transaction speeds of 2-3 seconds. Our goal in integrating Hermes is to become the safest, fastest and most private cryptocurrency on the market.

Alias System

The alias system in Apollo can be used to create unique aliases that act as a representation for a specific set of text. This will encrypt the chosen text into the alias. This text could be your account number, a website, email address, etc. A specific alias can be claimed only once (like a domain name), therefore it can be sold privately or publicly and transferred to any other account. The most obvious use for an alias is in sending funds to an account number that is tied to that alias. Instead of typing out the entire account number you would simply write out the alias.

Cloud Storage

The Apollo data cloud allows any user to upload data to the blockchain for storage, retrieval and publishing of information. This gives a user the ability to upload a file to the blockchain, therefore receiving an irrefutable timestamp for that data. This timestamp could be helpful in establishing an absolute date for legal documents such as contracts and intellectual ownership.

Possible use cases: Voting, Permits, Evidence, Court Records, Transparency, Death/Birth Certificates, Contracts, Wills, Trusts, Escrows, Maps, GPS Data, Signatures, Medical Records, Arbitration, Delivery Records, Certifications, etc.

Multi-Sig/Phased Transactions

Voting System

Advanced Account Control

Apollo supports multi-signature accounts allowing more than one user to control an account. It also supports phased transactions which are transactions set up to occur after a certain condition is met. This could be after another transaction is sent or received, after a passage of time or after a certain block number is hit.

The Apollo voting system allows users to create public or private polls for many purposes. Polls can be used to direct and manage funds from an account, elect officials or simply to gauge public opinion. This opens up near endless possibilities for collecting absolute, verified responses from designated sources.

Possible use cases: Contracts, Voting, Signatures, Account Management, Arbitration, etc.

Accounts can be created in a way that allows group control. Utilizing the Apollo voting system a group can be granted the ability (via initial ownership or ownership of a specified token or asset) to vote on the transactions that are spent on the account.

Possible use cases: Private Investment Fund, Private Insurance Fund, Charity Fund, Decentralized Autonomous Organizations (DAO)

Encrypted Messaging

Encrypted messaging on the Apollo blockchain will allow any user to send and receive , untraceable messages and data files from one account to another. Utilizing the Olympus protocol, the users IP address and the transaction carrying the message will be invisible.

Possible use cases: Untraceable Communication, Untraceable File Transfer, etc.

Monetary System

The monetary system within Apollo allows users to instantly create currencies that can be traded privately on Apollos decentralized exchange as well as freely on external exchanges. These currencies can be easily backed by Apollo giving them an instant, tangible value.

Possible use Cases: Finance, Charity, Voter IDs, Escrows, Coupons, Currencies, etc.

Asset System

Using the Apollo asset system, a user can issue, buy, sell and trade asset tokens intended to represent anything from public and private equity to real world commodities. Unlike other markets and cryptocurrencies, users will be able to trade these assets with 100% privacy.

Possible use cases: Assets, Commodities, Derivatives, etc.

Coin Shuffling


Coin shuffling is an additional privacy feature allowing your Apollo, as well as other assets or currencies held in the account, to be simply and randomly shuffled between user accounts. This allows an account holder to anonymize their funds and transactions nearly instantly.

The Apollo system allows for integration of 3rd party software into the core wallet. This will allow unimaginable growth via community developed features.

Authentication System

The Apollo authentication system allows a user to authenticate an account using the blockchain. This could be used to prove that a user is genuinely in control of a specific account.

See more here:
Apollo All-in-One Cryptocurrency

Cryptocurrency News, ICO Database, Coin Rankings and …

Our mission is to educate our readers on how to identify fraudulent ICO projects and encouraging projects themselves to be more transparent in their marketing and presentation.

We are committed to only listing legitimate ICO projects. We perform an initial safety check on every ICO that submits to be listed and do our best to filter out bad actors from being listed or featured on our site.

Of course, having a stringent background check means that not all projects will be listed. The following set of criteria will be used when determining if a project is worthy of being listed:

While we can take steps to filter out scammy projects, it is ultimately up to the investor to perform due dilligence on any investment being made.

None of the information you read on CryptoSlate should be taken as investment advice. Investing in initial coin offerings should be considered an extremely high-risk activity. Furthermore, CryptoSlate will not endorse any particular ICO and we don’t encourage or discourage our users to make ICO investments.

We do encourage our site visitors to read the following post to better educate themselves on identifying scams:

Read more:
Cryptocurrency News, ICO Database, Coin Rankings and …

CoinLib – Cryptocurrency prices now


Mkt Cap$145.77BVolume$4.64B

Mkt Cap$71.40BVolume$1.11B

Mkt Cap$27.30BVolume$276.68M

Mkt Cap$21.88BVolume$676.38M

Mkt Cap$12.16BVolume$1.06B

Mkt Cap$7.87BVolume$277.11M

Mkt Cap$6.69BVolume$117.15M

Mkt Cap$6.10BVolume$22.76M

Mkt Cap$5.45BVolume$604.11M

Mkt Cap$5.04BVolume$50.73M

Mkt Cap$4.28BVolume$102.26M

Mkt Cap$3.29BVolume$83.20M

Mkt Cap$3.25BVolume$34.44M

Mkt Cap$2.89BVolume$14.39M

Mkt Cap$2.51BVolume$925K

Mkt Cap$2.35BVolume$18.11M

Mkt Cap$1.85BVolume$134.14M

Mkt Cap$1.73BVolume$34.20M

Mkt Cap$1.63BVolume$84.94M

Mkt Cap$1.50BVolume$127.86M

Mkt Cap$1.39BVolume$23.75M

Mkt Cap$1.37BVolume$111.76M

Mkt Cap$1.34BVolume$26.03M

Mkt Cap$1.23BVolume$17.34M

Mkt Cap$1.09BVolume$55.00M

Mkt Cap$957.42MVolume$13.43M

Mkt Cap$951.10MVolume$77.47M

Mkt Cap$931.22MVolume$10.02M

Mkt Cap$843.91MVolume$21.63M

Mkt Cap$804.96MVolume$15.42M

Mkt Cap$776.15MVolume$6.11M

Mkt Cap$763.55MVolume$9.20M

Mkt Cap$762.55MVolume$105.84M

Mkt Cap$748.60MVolume$13.99M

Mkt Cap$703.25MVolume$17.02M

Mkt Cap$690.08MVolume$7.65M

Mkt Cap$657.74MVolume$34.24M

Mkt Cap$646.02MVolume$11.66M

Mkt Cap$602.24MVolume$25.44M

Mkt Cap$584.24MVolume$5.88M

Mkt Cap$584.42MVolume$4.30M

Mkt Cap$572.34MVolume$708K

Mkt Cap$564.22MVolume$489K

Mkt Cap$568.19MVolume$1.44M

Mkt Cap$459.08MVolume$11.78M

Mkt Cap$495.88MVolume$16.40M

Mkt Cap$446.27MVolume$31.21M

Mkt Cap$455.59MVolume$268K

Mkt Cap$417.22MVolume$6.52M

Mkt Cap$415.57MVolume$16.35M

Read the original post:
CoinLib – Cryptocurrency prices now

Cryptocurrency Market Capitalizations | CoinMarketCap

1BTCBitcoin1.639705221e+11$9636.73 $8,660,310,00017,015,162BTC-0.07%2ETHEthereum76653866208.7$772.50$3,672,930,00099,228,948ETH1.23%3 XRPRipple34754563834.9$0.887088$1,021,370,00039,178,259,468XRP*0.34%4BCHBitcoin Cash25745518313.2$1504.74$978,129,00017,109,613BCH0.24%5EOSEOS14602446248.4$17.49$1,917,770,000834,854,854EOS*-1.86%6ADACardano9503930684.69$0.366564$188,735,00025,927,070,538ADA*-1.96%7LTCLitecoin9168623360.28$162.62$544,591,00056,380,663 LTC0.83%8XLMStellar7999985925.32$0.430756$57,130,90018,571,966,323XLM*-1.94%9MIOTAIOTA6703143025.79$2.41$159,671,0002,779,530,283MIOTA*-6.63%10TRXTRON5761756866.28$0.087634$716,384,00065,748,111,645TRX*-0.16%11NEONEO5459382500.0$83.99$163,740,00065,000,000NEO*-4.40%12DASHDash3882272995.23$482.13$147,555,0008,052,370DASH-4.34%13XMRMonero3839157788.62$239.99$96,721,40015,997,491XMR-5.55%14XEMNEM3829760999.57$0.425529$23,815,0008,999,999,999XEM*-1.91%15VENVeChain2758404085.12$5.25$131,619,000525,899,138VEN*0.35%16 USDTTether2267616913.09$1.00$4,022,470,0002,267,140,814USDT*0.21%17ETCEthereum Classic2239100452.75$22.05$312,062,000101,528,088ETC-3.87%18QTUMQtum1938336792.3$21.88$252,836,00088,570,812QTUM*-5.03%19OMGOmiseGO1806387864.08$17.70$71,316,000 102,042,552OMG*-3.85%20ICXICON1710548014.05$4.42$69,457,000387,231,348ICX*-1.64%21BNBBinance Coin1633869563.4$14.33$84,374,800114,041,290BNB*-1.67% 22LSKLisk1453652254.12$13.77$34,159,800105,541,319LSK*-2.79%23NANONano1262702095.47$9.48$88,058,700133,248,289NANO*-2.58%24BTGBitcoin Gold1260336324.69$74.21$29,116,40016,983,536BTG-3.27%25BCNBytecoin1238885865.71$0.006738$8,885,940183,872,886,820BCN-0.43%26XVGVerge 1189063248.87$0.079500$108,218,00014,956,808,053XVG-0.35%27ZECZcash1135382166.99$295.35$62,881,8003,844,231ZEC-4.43%28ONTOntology1077634982.45$9.57$178,410,000112,619,658ONT*-10.19%29AEAeternity1045192355.82$4.49$29,546,800233,020,472AE* -2.77%30STEEMSteem990755029.922$3.90$13,112,800254,190,310STEEM*-3.43%31WANWanchain962015456.713$9.06$42,271,700106,152,493WAN*-5.09%32SCSiacoin947547683.046$0.027695$36,537,00034,213,796,874SC-2.85%33ZILZilliqa941307763.069$0.129187$74,937,4007,286,396,952ZIL*0.77% 34BTMBytom914711133.0$0.926759$121,855,000987,000,000BTM*-0.21%35BTSBitShares914139753.12$0.348706$27,479,6002,621,520,000BTS*-3.68%36BCDBitcoin Diamond868698148.59$5.66$5,429,820153,451,500BCD1.13%37ZRX0x857112255.531$1.63$52,732,800526,355,637ZRX*14.46%38PPTPopulous790250597.551$21.36$7,611,13037,004,027PPT*-8.70%39WAVESWaves760149000.0$7.60$41,512,500100,000,000WAVES*-1.21%40STRATStratis752973840.164$7.62$16,803,40098,842,445STRAT*-1.82%41MKRMaker705861556.518$1141.75$328,202618,228MKR*2.39%42BTCPBitcoin Private690343566.799$33.80$3,302,22020,424,003BTCP-18.77% 43RHOCRChain664996768.214$1.85$2,118,840360,105,903RHOC*-7.01%44DCRDecred658213673.022$92.11$60,274,6007,145,743DCR10.38% 45GNTGolem646760781.238$0.775249$119,487,000834,262,000GNT*-3.32%46DOGEDogecoin597630132.671$0.005229$14,853,300114,295,192,743DOGE-5.49%47SNTStatus577693260.867$0.166459$55,415,7003,470,483,788SNT*-3.16%48HSRHshare564997362.217$13.16$121,514,00042,943,372HSR-4.65%49IOSTIOStoken558903240.0$0.066536$85,815,6008,400,000,000IOST*2.06%50WTCWaltonchain535996179.677$17.21$15,114,00031,144,099WTC* 0.27%51DGDDigixDAO527100000.0$263.55$5,400,3102,000,000DGD*-5.17%52LRCLoopring514840323.572$0.899954$26,070,700572,074,043LRC*-2.57%53DGBDigiByte492014039.587$0.048209$10,946,10010,205,960,351DGB0.87%54AIONAion489004966.214$3.67$13,590,300133,073,439AION*-7.22%55BATBasic Attenti…483920000.0$0.483920$7,455,5801,000,000,000BAT*-3.06%56REPAugur466018300.0$42.37$6,438,190 11,000,000REP*-5.13%57XINMixin454569007.328 $1081.37$660,022420,364XIN*-4.47%58KMDKomodo442467578.835$4.25$8,841,590104,059,336KMD-2.42%59ARDRArdor425751606.78$0.426178$4,629,970998,999,495ARDR*-2.80%60ELFaelf419117500.0$1.68$78,477,800250,000,000ELF*-9.74%61MITHMithril393956561.51$1.29$124,382,000305,054,522MITH*-0.35%62NASNebulas371021150.0$10.45 $38,907,90035,500,000NAS*-9.27%63ARKArk 367284086.522$3.59$3,504,470102,329,208ARK*-5.29% 64LOOMLoom Network357098116.929$0.621656$154,481,000574,430,420LOOM*3.31%65KCSKuCoin Shares344562761.214$4.55$1,481,66075,730,576KCS*3.94%66KNCKyber Network334517556.855$2.49$22,742,700134,132,697KNC*-3.65%67GASGas328187712.877$32.40$13,588,40010,128,375GAS*-1.82%68PIVXPIVX324586142.178$5.78$4,450,17056,124,534PIVX*-5.29%69SUBSubstratum314838282.694$0.821987$11,078,900383,021,000SUB*-1.05%70CTXCCortex311151889.607$2.08$120,041,000149,792,458CTXC*0.61%71RDDReddCoin308230183.989$0.010699$34,359,70028,808,713,174RDD *-0.34%72WICCWaykiChain308021766.0$2.15$20,761,000143,400,000WICC*-2.46%73MONAMonaCoin304382424.891$5.14$1,997,28059,228,050MONA-2.19%74QASHQASH284991000.0$0.814260$3,455,120350,000,000QASH*-4.48%75SYSSyscoin284577225.002$0.533738$8,003,620533,177,748SYS-5.67%76CENNZCentrality280112457.7$0.404758$254,018692,049,219CENNZ*-5.39%77CNXCryptonex272718280.994$6.03$1,902,40045,252,503CNX-6.50%78NPXSPundi X272139145.119$0.004429$2,953,54061,438,169,970NPXS*8.74%79 DRGNDragonchain270997529.662$1.14$3,944,990238,421,940DRGN*-3.11%80ETHOSEthos262477962.678$3.43$8,713,43076,496,756ETHOS*-5.87%81BNTBancor260968367.944$5.08$15,112,40051,345,548BNT*-0.06%82STORMStorm258585604.698$0.063198$50,068,6004,091,706,234STORM*-4.16%83GXSGXChain255889800.0$4.26$15,840,20060,000,000GXS*-3.09%84DCNDentacoin252461386.36$0.000776$476,504325,226,613,094DCN*1.35%85VERIVeritaseum252177438.381$123.82$690,3422,036,645VERI*-11.05% 86FUNFunFair249942785.985$0.051443$8,792,3304,858,654,389FUN*-3.94% 87FSNFusion243712218.115$8.21$9,518,69029,684,331FSN*-9.23%88FCTFactom243097219.906$27.80$2,525,8008,745,102FCT*-4.28%89NXT Nxt241580163.855$0.241822$9,613,310998,999,942NXT*-0.79%90SALTSALT235401446.262$4.06$9,002,10058,036,258SALT*-7.22%91ELAElastos234288591.156$45.68$18,540,7005,129,269ELA-4.63%92WAXWAX233322842.858$0.375218$7,584,640621,832,756WAX *-13.89%93ETNElectroneum227862841.658$0.033066$4,131,4106,891,214,813ETN-2.26%94GTOGifto226287900.448$0.526619$148,293,000429,699,461GTO*-14.84% 95ENGEnigma219207867.272$2.93$8,622,35074,836,171ENG*-1.70%96MANMatrix AI Net…211300500.0$1.41$4,179,090150,000,000MAN*29.98%97XZCZCoin210307705.145$44.96$1,706,5904,677,382XZC -0.69%98POWRPower Ledger205637381.709$0.558807$18,036,300367,993,568POWR*-1.63%99LINKChainLink203787850.0$0.582251$9,536,630350,000,000LINK*2.31%100POLYPolymath201645149.953$0.840189$14,573,300239,999,750POLY*7.87%

See more here:
Cryptocurrency Market Capitalizations | CoinMarketCap

CryptoCurrency Market , Coin Prices & Charts, Crypto …

1 BTC Bitcoin

Network Hashrate: 27 483 300 000 H/s

Network Hashrate: 25.60 PH/s

Block Reward: 12,50

Blocks: 518 932

Prof Type: PoW

EUR: 7 653,96

BTC: 1

ETH: 13,58

Network Hashrate: 223 259 000 000 000 H/s

Network Hashrate: 207,926.15 PH/s

Block Reward: 3,00

Blocks: 5 467 790

Prof Type: PoW

EUR: 563,25

BTC: 0,07369

ETH: 1

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type:

EUR: 0,6908

BTC: 0,00009

ETH: 0,001224

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type: PoW

EUR: 1 145,33

BTC: 0,1497

ETH: 2,03

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type: DPoS

EUR: 15,65

BTC: 0,002023

ETH: 0,02739

Network Hashrate: 250 568 000 000 000 H/s

Network Hashrate: 233,359.63 PH/s

Block Reward: 25,00

Blocks: 1 406 320

Prof Type: PoW

EUR: 123,94

BTC: 0,01618

ETH: 0,2197

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type: PoS

EUR: 0,261

BTC: 0,000034

ETH: 0,000462

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type:

EUR: 0,339

BTC: 0,000045

ETH: 0,000607

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type: Tangle

EUR: 1,69

BTC: 0,00022

ETH: 0,002985

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type:

EUR: 62,07

BTC: 0,008112

ETH: 0,1101

Network Hashrate: 0 H/s

Network Hashrate: 0 H/s

Block Reward: 0,00

Blocks: 0

Prof Type:

EUR: 0,06706

BTC: 0,000009

ETH: 0,000119

Network Hashrate: 506 459 000 H/s

Network Hashrate: 483.00 TH/s

Block Reward: 4,79

Blocks: 1 554 540

Prof Type: PoW

EUR: 211,74

BTC: 0,02757

ETH: 0,3744

Network Hashrate: 1 720 350 000 000 000 H/s

Network Hashrate: 1,602,200.79 PH/s

Block Reward: 3,35

Read the original:
CryptoCurrency Market , Coin Prices & Charts, Crypto …

Nasdaq open to cryptocurrency exchange in future, says CEO

(Reuters) – Nasdaq Inc (NDAQ.O) is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves, the head of the exchange operator said on Wednesday.

The view that cryptocurrencies, such as bitcoin BTC=BTSP will be a future way to support commerce is becoming more mainstream, Nasdaq’s Chief Executive Officer, Adena Friedman, said in an interview following the announcement of better-than-expected quarterly earnings.

But the virtual currencies are still very lightly regulated. That is part of the appeal to many early adopters but would have to change in order for Nasdaq to operate a cryptocurrency exchange, Friedman said.

Over time, if it ultimately does morph into a regulated environment, it does give us an opportunity to participate as a marketplace, but I think that is a longer road and it doesnt have a certain path right now, she said.

In the meantime, Nasdaq is exploring deals with several virtual currency exchanges to provide market infrastructure technology for trading and clearing, as well as surveillance, she said.

Nasdaq on Wednesday announced a surveillance deal with Gemini Trust Company to monitor cryptocurrency trading on its exchange for potential market manipulation and fraud.

Nasdaqs net income in the first quarter rose to $177 million, or $1.05 per share, from $168 million, or 99 cents per share, a year earlier, helped by a volatility-driven spike in trading volumes.

Stripping out special items, such as merger and acquisitions costs, the transatlantic exchange operator earned $1.24 per share, topping analysts average estimates by four cents, according to Thomson Reuters I/B/E/S.

Volatility spiked in February after a prolonged calm in 2017, roiling global equities, bonds, currencies and commodities markets, and remained elevated through the end of March.

Revenue rose 14.6 percent to $666 million. Revenue from market services, the companys largest business, jumped more than 21 percent to $735 million.

Sales from Nasdaqs non-trading related businesses also grew, with revenue from its market technology unit rising 7.7 percent to $70 million, and revenue from information services up 26 percent at $174 million.

Corporate services, which includes market listings, rose 7.5 percent to $172 million, as Nasdaq saw 37 IPOs in the quarter, including those of cloud storage company Dropbox (DBX.O) and Chinese video streaming platform iQiyi (IQ.O).

Reporting by Nikhil Subba in Bengaluru and John McCrank in New York; Editing by Saumyadeb Chakrabarty and Rosalba O’Brien

See the original post:
Nasdaq open to cryptocurrency exchange in future, says CEO

One in five financial institutions consider cryptocurrency …

LONDON (Reuters) – One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found.

Among those respondents who said they were willing to trade cryptocurrencies like bitcoin, the best known of the digital coins, 70 percent said they were planning to start trading in the next three to six months, the survey showed.

The survey covered more than 400 clients across Thomson Reuters Corp TRI.O (TRI.N) platforms including large asset managers, hedge funds and trading desks at the biggest banks. Thomson Reuters, the parent company of Reuters, provides data and news to the financial services industry.

Retail interest in the buying and selling of digital coins exploded last year after prices skyrocketed, and institutional involvement has been predicted to grow, despite regulatory warnings that cryptocurrencies are highly risky and prone to scams.

Banks are examining client interest and several hedge funds have tried their hand trading virtual currencies.

Large falls in cryptocurrency prices this year, however, have encouraged critics to warn again that the market is a bubble and that investors should stay away.

The survey was the first conducted by Thomson Reuters so it was not possible to gauge how institutional appetite for crypto trading has changed.

Thomson Reuters is the parent company of Reuters News.

Reporting by Tommy Wilkes; Editing by Peter Graff

Visit link:
One in five financial institutions consider cryptocurrency …

The 4 Top Cryptocurrency Mining Stocks — The Motley Fool

Last year, cryptocurrencies burst onto the scene like no other asset class ever has. Over the span of 12 months, the aggregate value of digital currencies soared almost $600 billion, which in percentage terms worked out to more than 3,300%. This was probably the best single-year return for any asset class in history, and we may never see anything like it again.

However, not everyone who’s made money off the cryptocurrency craze has done so as a traditional investor. Some individuals and businesses have made veritable fortunes by “mining” cryptocurrency.

Image source: Getty Images.

Cryptocurrency mining describes the process by which persons and/or businesses with high-powered computers and servers compete against one another to solve highly complex mathematical equations that are the result of the encryption designed to protect transactions on a blockchain network. The first to solve a group of equations and verify that those transactions (known as a block) are true — i.e., that the same virtual token wasn’t spent twice — receives what’s known as a “block reward.” This reward is paid out in tokens of the virtual currency that’s being proofed.

For example, bitcoin currently has a block reward of 12.5 tokens. This means that the first person, group of individuals, or business to validate a block of transactions will receive 12.5 bitcoin tokens. With the world’s most valuable cryptocurrency currently hovering just above $8,000 per coin, we’re talking about a more than $100,000 haul for cryptocurrency miners who are successful in beating others to the proverbial punch.

Of course, there are other factors that need to be kept in mind. There are exorbitant costs involved with crypto mining, too. This is a highly electricity-intensive practice that uses dozens, hundreds, or thousands of hard drives, processing units, and servers, to solve complex equations. Not only does this rack up quite the electric bill, but it creates a lot of heat, which may also require a cooling system. Also, hardware becomes obsolete rather quickly, requiring miners to regularly upgrade their equipment to remain competitive.

What’s more, not all virtual currencies are mineable. While well-known cryptocurrencies like bitcoin, Ethereum, Bitcoin Cash, Litecoin, Monero, and Dash are mineable, others, such as Ripple, EOS, Cardano, Stellar, IOTA, and NEO, have a different method of transaction validation known as proof of stake. With proof of stake, owners of cryptocurrency are randomly chosen to validate transactions. There is no competition, and more importantly, virtually no added electricity costs.

Image source: Getty Images.

Though cryptocurrency mining has been profitable, it’s clearly not feasible for everyone. Nevertheless, there are ways investors can gain exposure to crypto mining, should they choose, through the stock market. Here are four top cryptocurrency mining stocks that have either direct or partial exposure, based on sales, to the industry.

Perhaps the most prominent names of the bunch are NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), which are best known for their graphics card and PC-based microprocessors, respectively. Neither company has exactly been forthcoming with regard to how much of their sales are tied to cryptocurrency mining, but each company has clearly benefited in recent quarters from the sale of graphics processing units (GPU). NVIDIA’s full-year results pointed to 41% year-over-year sales growth, with Advanced Micro’s sales up 25% on an annual basis.

In fact, demand for GPUs has been so strong that the price of graphics cards, new and old, has been shooting higher. This actually creates a bit of a conundrum for NVIDIA and AMD, as Advanced Micro Devices is more commonly known. The core customers for both companies are avid gaming enthusiasts and enterprise clients. If crypto mining demand continues to pluck supply from the market, the high price for graphics cards could cause a rebellion among NVIDIA’s and AMD’s core customers. Then again, if these companies create a product specifically for crypto mining, they’ll drive down prices by increasing supply and squash the sales and margin boost they’ve recently experienced.

While both companies certainly have a lot going on beyond the cryptocurrency mining industry, it’s possible that their share prices could reflect the ebbs and flows of virtual currency token prices, so it’s something to keep in mind.

Image source: Getty Images.

Another burgeoning cryptocurrency mining stock that isn’t exactly keen on divulging the percentage of its sales tied to mining is Taiwan Semiconductor Manufacturing Company (NYSE:TSM). Last week, TSMC reported strong first-quarter operating results that included a 6% increase in sales from the prior-year period, as well as its single-best sales month in history in March ($3.5 billion). C.C. Wei, TSMC’s president and co-CEO, specifically said that “these results were mainly driven by strong demand from high performance computing such as cryptocurrency mining.”

In addition, Coindesk notes that Chinese mining hardware maker Bitmain, a client of TSMC, unveiled its next-generation, ASIC (application-specific integrated circuit)-based, Ethereum mining equipment called Antminer E3 in early April. The unit, which has a list price of $800, is set to ship in July. Bitmain’s need for ASIC chips to satisfy demand for Antminer E3 may very well be the reason TSMC experienced a surge in sales during March and in Q1 as a whole.

However, the downdraft in bitcoin and other crypto token prices in 2018 has certainly cast a shadow on industry demand moving forward. Having previously forecast sales growth of 10% to 15% in 2018, TSMC also lowered its sales growth expectations to 10% for the current year on uncertainty in the crypto mining space. Like NVIDIA and AMD, TSMC’s share price may be adversely impacted if cryptocurrency prices continue to sink.

Image source: Getty Images.

Now, if you want as much cryptocurrency mining exposure as possible without actually running your own mining operation, there’s the over-the-counter exchange-listed HIVE Blockchain Technologies (NASDAQOTH:HVBTF). This publicly traded cryptocurrency mining firm is currently in the process of ramping up its operations in Sweden and Iceland, and envisions generating approximately $150 million in annual revenue from its operations. Sweden and Iceland offer commercial kilowatt-per-hour electricity prices that are well below the European average. Plus, these are relatively temperate nation’s, which may aid in keeping mining equipment cool.

Now here’s where things really get interesting. Despite being a crypto mining start-up, HIVE Blockchain already turned a profit in its most recently reported quarter. Sure, the $149,724 in profit was negligible and resulted in $0.00 in earnings per share, but that profit was derived from just over $3 million in quarterly sales. Presumably, HIVE could generate more than 10 times this each quarter when fully ramped up.

The wildcard here is what’ll happen to cryptocurrency prices. You see, HIVE Blockchain isn’t necessarily selling all of the Ethereum, Ethereum Classic, and ZCash tokens that it’s mining. It hangs on to some of these coins in the hope that they’ll appreciate in value. Thus, investing in a company like HIVE gives an investor direct access to crypto mining margins, as well as the movement in a handful of popular digital currencies.

Like the other companies above, there are also plenty of risks. Given that its business is entirely devoted to crypto mining and lacks sales diversity, investors would need to understand that if virtual currency prices fall considerably, their investment in HIVE could dive. Furthermore, in order to raise capital, it wouldn’t be surprising if HIVE Blockchain diluted existing investors with bought-deal offerings. These are the risks that stock investors would have to endure if they wanted direct access to a publicly traded cryptocurrency mining stock.

Read more:
The 4 Top Cryptocurrency Mining Stocks — The Motley Fool