Bitcoin Diamond Cryptocurrency is currently on bullish momentum by 25.53% in the last 7 days. At 06:40 EST on Monday, 3 May, Bitcoin Diamond is at $2.40.

Concerning Bitcoin Diamond’s daily highs and lows, it’s 14.29% up from its trailing 7 days low of $2.10 and 3.61% down from its trailing 7 days high of $2.49.

Currently, Bitcoin Diamond has 30216 Twitter followers.

As of now, on Github, there are 58 forks, 101 stars, and 33 subscribers.

Bitcoin Diamond’s last week, last month’s, and last quarter’s current volatility was 3.53%, 3.53%, and 3.53%, respectively.

Bitcoin Diamond’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 3.53% (last week), 3.53% (last month), and 3.53% (last quarter), respectively.

Bitcoin rises to two-week high after breaking technical barrier. According to Bloomberg Quint on Friday, 30 April, "Mike McGlone of Bloomberg Intelligence agrees that adoption is in its early days and says Bitcoin appears to be the right fit for today’s rapidly changing digital world. ", "Diminishing supply juxtaposed with historically low interest rates and the substantial amount of money being pumped into the system is a solid foundation for Bitcoin price appreciation, if the rules of economics apply," he wrote in a note."

More news about Bitcoin Diamond.

Bitcoin Diamond Cryptocurrency is currently on bullish momentum by 224.89% in the last 30 days. At 02:57 EST on Friday, 7 May, Bitcoin Diamond is at $6.18.

Concerning Bitcoin Diamond’s daily highs and lows, it’s 234.05% up from its trailing 30 days low of $1.85 and 18.04% down from its trailing 30 days high of $7.54.

Currently, Bitcoin Diamond has 30458 Twitter followers.

As of now, on Github, there are 58 forks, 101 stars, and 33 subscribers.

Bitcoin Diamond’s last week, last month’s, and last quarter’s current volatility was 3.49%, 3.49%, and 3.49%, respectively.

Bitcoin Diamond’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 3.49% (last week), 3.49% (last month), and 3.49% (last quarter), respectively.

S&p dow jones brings Bitcoin, ethereum to wall st with cryptocurrency indexes. According to FX Empire on Tuesday, 4 May, "The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them."

Bitcoin traders in U.S. lack investor protections, gensler says. According to Bloomberg Quint on Thursday, 6 May, "The SEC has signaled that Bitcoin is a commodity under U.S. law and therefore not subject to the agency’s toughest rules.", "U.S. investors lack protections when they trade Bitcoin on cryptocurrency exchanges, Securities and Exchange Commission Chairman Gary Gensler told lawmakers."

Square revenue more than triples, driven by Bitcoin purchases. According to Bloomberg Quint on Thursday, 6 May, "Revenue from Bitcoin sales — which includes the total value of Bitcoin purchases on its Cash App — climbed more than elevenfold to $3.51 billion, up from $306 million a year earlier, the company said Thursday in a shareholder letter. ", "Chief Executive Officer Jack Dorsey, who also runs social network Twitter Inc., is a vocal Bitcoin proponent, and has praised the idea of an unregulated, global cryptocurrency. "

Goldman offers new Bitcoin derivatives to wall street investors. According to Bloomberg Quint on Thursday, 6 May, "Goldman, which still isn’t active in the Bitcoin spot market, introduced the wagers to clients last month without an announcement.", "Goldman Sachs Group Inc. is wading deeper into the $1 trillion Bitcoin market, offering Wall Street investors a way to place big bets."

More news about Bitcoin Diamond.

We’re well and truly in the throes of “altseason” now, with Bitcoin’s dominance showing no signs of diminishing.

Ether delivered a stunning surge that took its price above $3,000 for the very first time, breaking new records throughout the week. On Saturday, ETH remained in uncharted territory after racing to highs of $3,800.

Among those celebrating ETH’s spike will be Ethereum co-founder Vitalik Buterin, who has officially become a crypto billionaire. Excitement is continuing to build ahead of a long-awaited upgrade that will overhaul the network’s gas fee structure in July.

ETH is in good company, too. EOS rallied by more than 100% this week following a recent protocol that increases the project’s inflation rate. Litecoin has hit a one-year high against Bitcoin , with many analysts predicting extended upside momentum. And Bitcoin Cash jumped 68% amid rumors that a looming hard fork could boost the network’s user base.

Even Ethereum Classic, the hard fork sparked by disagreements after a devastating 2016 hack, has pumped 130% in the past week.

Of course, there’s one altcoin in particular that continues to steal the show…

DOGE has seemed unstoppable in recent weeks. It hit unprecedented highs of $0.7376 early on Saturday. To put into context how bonkers the joke cryptocurrency’s surge really is, $1 invested on Jan. 1 would now be worth $139 at current prices.

Mania over the financial homage to Shiba Inus everywhere may be about to reach a climax when DOGE enthusiast and mega-billionaire Elon Musk hosts Saturday Night Live . It’s inevitable that his appearance will feature endless sketches about Dogecoin, and that could pump prices even further.

But not everyone is finding DOGE’s surge to be a cause for celebration. Lowstrife, a popular account on Twitter, believes the end is nigh, with the crypto trader spotting eerie similarities between DOGE’s current charts and XRP in the heady days of 2018.

Back then, XRP had hit all-time highs of $3.20 that remain true to this day, but then slowly faded to lows of $0.14 — a loss of 95.6%.

Warning of an impending apocalypse for DOGE, Lowstrife wrote: “Each of DOGE’s major rallies this year has been smaller and less aggressive. What took 18 hours at first has been ongoing for 2 days now. I suspect this is the final push before it’s all over for good. May 8th is the day to watch.”

Even Musk himself has been cooling the hype, reminding followers that crypto investments remain speculative.

A flurry of earnings results this week powerfully illustrated the impact that Bitcoin’s sensational first quarter has had.

Square blew analysts’ expectations by delivering earnings of $0.41 per share between January and March — far beyond the $0.16 forecast. Revenue came in at $5.06 billion , dwarfing predictions of $3.36 billion.

Bitcoin alone drove $3.5 billion in revenue, an astonishing increase of 1,000% in just 12 months. Overall, the crypto-friendly company’s gross profit also surged 79% year on year to hit $964 million.

Square’s also sitting on paper profits of $250 million after making two high-profile Bitcoin purchases — one in February and one in October.

PayPal has also been heralding the “great results” it has been receiving from its crypto service. The platform’s earnings and revenue also exceeded predictions in Q1.

The celebratory atmosphere isn’t universal. Coinbase shares tumbled to fresh lows on Thursday as Wall Street investors continued to cycle out of high-flying tech stocks. 

COIN bottomed at $255.15 , where it was in danger of breaching the $250 reference price set on the eve of its public listing in April. All of this comes despite the total market cap of all cryptocurrencies surging beyond $2.4 trillion.

FBB Capital Partners’ director of research, Mike Bailey, told Bloomberg: “We saw a mini-bubble in SPACs, IPOs, crypto, clean-tech and hyper-growth in late 2020 and early 2021 and many of these asset classes are nursing bad hangovers.”

(That said, his assertion that crypto is nursing a “bad hangover” is misplaced.)

Coinbase’s woes may be linked to increasing competition among crypto exchanges, which has left retail investors spoiled for choice. There’s a danger that this could eat into the revenues it derives from transaction fees, which make up most of its income.

Elon Musk’s stint on the box this weekend serves as a powerful counterweight to comedian Bill Maher, who didn’t leave crypto enthusiasts in stitches during a recent segment.

On Maher’s program, he compared the industry to a virtual game — and talked about mining in a derisive tone. Maher also implied that investing in tokens was a childish endeavor, and illustrated his point with quotes from Warren Buffett.

He said: “There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered. […] Unfortunately, what is real is the unfathomable amount of electricity those massive supercomputers suck up for their mining.”

Maher even quipped that Satoshi Nakamoto, the pseudonym used by Bitcoin’s inventor, is the Japanese term for “Monopoly money.”

Anthony Pompliano shared the clip along with this caption: “Never ask a comedian for investment advice.”

Binance CEO Changpeng Zhao replied, writing: “Very sad to watch. Feel really hopeless for him. Joke’s going to be on him. Time will show.”

At the end of the week, Bitcoin is at $58,366.32 , Ether at $3,811.20 and XRP at $1.56. The total market cap is at $2,433,633,423,933.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Shiba Inu , Bitcoin Diamond and Telcoin. The top three altcoin losers of the week are Harmony , Huobi Token and Filecoin.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis . 

“Looks like Uniswap v3 is more gas expensive than v2, roughly as expected.”

Haseeb Qureshi, Dragonfly Capital managing partner

“With cryptocurrencies already creating incredible worldwide wealth, it’s real estate that will sustain that wealth and provide buyers with a legacy.”

Alex Sapir, Sapir Corp chairman

“We saw a mini-bubble in SPACs, IPOs, crypto, clean-tech and hyper-growth in late 2020 and early 2021 and many of these asset classes are nursing bad hangovers.”

Mike Bailey, FBB Capital Partners director of research

“It definitely can go much higher, I think we can see the price go to $10,000, where a lot of ETH bull price targets begin to kick in and people take profits.”

Nikhil Shamapant, retail investor

“We’ve committed to having no HQ, and it’s important to show our decentralized workforce that no one location is [more] important than the other.”

Coinbase

“Each of DOGE’s major rallies this year has been smaller and less aggressive. What took 18 hours at first has been ongoing for 2 days now. I suspect this is the final push before it’s all over for good. May 8th is the day to watch.”

Lowstrife

“DeFi may lead to a paradigm shift in the financial industry and potentially contribute toward a more robust, open, and transparent financial infrastructure.”

Federal Reserve of St. Louis

“Volatility is everywhere […] It is not unique to crypto.”

Changpeng Zhao, Binance CEO

“Of course I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth.”

Charlie Munger, billionaire investor

“There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered.”

Bill Maher, comedian

Ether’s booming price has prompted feverish talk about a long-fabled “flippening” where ETH overtakes BTC as the world’s largest cryptocurrency.

Although that’s fanciful right now, there are a number of bullish predictions when it comes to where Ether’s price is headed next.

One of them comes from Nikhil Shamapant, a retail investor who recently published a research report where he argued ETH could be worth $150,000 by 2023.

He told Cointelegraph: “It definitely can go much higher. I think we can see the price go to $10,000, where a lot of ETH bull price targets begin to kick in and people take profits. I think we’ll head up to that $10,000-to-$25,000 range, hit a lot of supply and could see some big drawdowns and consolidation at that point.”

Data suggests that Uniswap v3 had a successful first 24 hours — processing more than twice the volume that v2 did in its first month.

But not everyone’s been enamored with the latest iteration of the world’s most popular decentralized exchange, with some users complaining about the costs associated with using it.

One person wrote on Twitter: “Even more expensive to make mistakes now. Tried to migrate my UNI/ETH liquidity to V3, failed and paid 108.09 usd worth of gas.”

Dragonfly Capital’s managing partner, Haseeb Qureshi, also wasn’t impressed. On Twitter, he wrote: “Looks like Uniswap v3 is more gas expensive than v2, roughly as expected. […] Specifically, it’s about 28% more expensive for single-hop transactions it looks like. For larger transactions that cross multiple ticks/buckets, the gas costs should be slightly larger.”

A Democrat senator in New York, Kevin S. Parker, is proposing a three-year ban on crypto mining.

Data centers would only be allowed to operate if they pass an environmental impact review, amid concerns that BTC mining could cause the state to miss ambitious targets designed to tackle climate change.

New York Senate Bill 6486 said: “A single cryptocurrency transaction uses the same amount of energy that an average American household uses in one month, with an estimated level of global energy usage equivalent to that of the country of Sweden.”

The bill is yet to receive widespread backing from other senators. However, the Democrats do control the lower house and senate.

A United States-based business development specialist has claimed that a company that paid them for contract work using cryptocurrency now wants them to return the tokens following a significant rally in the asset’s price.

The unnamed employee, known only as “Crypto Confused,” wrote to MarketWatch and said: “I am not really sure what to do. I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating.”

Columnist Quentin Fottrell replied: “If the value of the cryptocurrency had fallen by 100% since August 2020, would he want to pay you in dollars? If it suddenly dipped by that amount today, would he follow up with his employees?”

As experts pinpoint various groups as Dogecoin’s vanguard, the coin’s potential base seems to be a wide coalition.

After bashing Bitcoin back in 2017, JPMorgan CEO Jamie Dimon seems to have softened his stance on crypto, and so has the firm itself.

Declaring BTC a store of value — gold 2.0 — but not a medium of exchange, defies logic. It must first have a use case.

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In an increasingly conscious world, more people seek to buy products that balance out the negative effects of consumerism on the planet. This could mean purchasing items made sustainably, or only shopping with brands committed to ethical working practices. As consumers are more aware than ever about the impact of their buying habits, sellers have to accommodate this shift in consumer behavior by changing the way they operate.

One industry where this is particularly noticeable is the diamond sector. Demand for ethical diamonds has skyrocketed in recent years, due to the fact consumers don’t want to pay for a gemstone being used to finance wars, insurgencies or oppressive regimes, especially in Africa. So-called blood diamonds have long been a major issue for the industry, even with measures like the Kimberley Process in place, which aims to prevent ‘conflict diamonds’ from entering the mainstream rough diamond market.

Although some producers have turned to lab-grown diamonds instead, those continuing to sell natural jewels have had to think about how to guarantee the integrity of their products. One solution the industry is looking towards is blockchain technology.

Blockchain is a form of digital technology that enables the distribution of data that resists modification. A blockchain works as a time-stamped series of data records (blocks) managed by a group of computers, not owned by any single entity. Each of these blocks is secure and bound to one another using cryptography (i.e. the chain in ‘blockchain’), a series of mathematical equations (algorithms) and secret keys that encrypt the data. This chain cannot be altered, thus acting as a secure means of transferring and storing data. In addition, because a blockchain is not centrally-owned, the information it contains is open for anyone to see, and much harder to hack. Blockchains tend to store data like transactions (such as between a diamond miner and cutter), including the date, time and value of any money exchanged, as well as information about who is participating in the transaction.

In order for a block to be added to the blockchain, a transaction must occur. It then needs to be verified, with the network of computers confirming that the transaction happened in the way the parties said it did. It is then stored in a block, which is given a hash, a unique, cryptographic code distinguishing the block from others. At this point, the block can be added to the blockchain and publicly viewed by anyone. Each computer involved in the blockchain network gets its own identical copy of the blockchain, which makes it even harder to infiltrate. This is why blockchains are often referred to as distributed ledgers.

Tracking the origin and authenticity of a diamond is a hugely difficult task. The industry’s complex supply chain means that gemstones are often mined in countries like Africa, Russia and Canada, then cut in places such as India, Belgium and Israel before being shipped to wherever they’re sold. As such, they typically touch numerous hands before reaching consumers. It’s even harder to ascertain a diamond’s provenance when the details are traditionally documented on paper or PDFs, records which are open to forgery and therefore may not give a truly accurate account of where a gemstone has come from, or if it’s even a genuine diamond.

However, using blockchain technology means the data cannot be altered, so a diamond’s journey can accurately be documented from beginning to end. As a public record accessible to anyone, consumers can turn to blockchain to confirm that a diamond has been produced in an ethical way and not sold for unethical reasons. Over the last few years, this technology has proven valuable in winning over conscious consumers concerned by the potentially unethical provenance of their products.

Numerous blockchain solutions have been aimed at diamond companies in recent years, including one courtesy of perhaps the biggest name within the industry itself: De Beers. Back in 2018, the behemoth revealed plans for Tracr, a blockchain using the Ethereum platform that was developed alongside Boston Consulting Group’s Digital Ventures and five leading diamond manufacturers. Diamonds must be scanned at every stage of the production and distribution process so all the data can be entered into the blockchain to track the journey accurately. Every diamond is also assigned a Global Diamond ID, a digital record showing its key attributes such as carat, clarity and color. This can then be used to verify its authenticity and can then be shared with customers in a store so they understand exactly what they are buying.

Another company harnessing blockchain technology for similar purposes is IBM, which has developed the TrustChain tool alongside five leading jewelry makers. “By placing the current, physical process on a blockchain, we provide better visibility to the consumer throughout the entire supply chain, to allow exchanges of information amongst participants,” the initiative’s website states.

Another example is Everledger, a relatively new blockchain technology making inroads in the jewelry industry. Luxury jeweler Taylor & Hart uses Everledger to monitor its own supply chain, citing the elimination of paper-based reporting in favor of smart digital contracts as a key benefit—simultaneously eliminating the risk of tampering.

Blockchain technology is clearly a very promising tool for dealing with forgery and helping prove a diamond’s provenance at every stage of the process. This can lead to a more ethical industry overall, as those selling and buying diamonds can have more confidence in where their products have come from.

However, it’s important to be realistic about how much change blockchain can actually drive. As argued by Everledger founder Leanne Kemp, there will always be potential for fraud and the existence of black market diamonds. Furthermore, blockchain can only make the diamond industry more ethical if companies actually use it. Although bigger businesses are harnessing the technology, there are plenty of smaller ones which are much less likely to understand blockchain or have the funds to implement it.

Nevertheless, blockchain technology can certainly help make the diamond industry more transparent, and if used more widely, could almost certainly contribute to a more ethical future for the world’s favorite gemstone.

Nikolay Piriankov, co-founder and CEO, Taylor & Hart

Over the years, numerous new cryptocurrencies have been formed from the Bitcoin network. The process in which they are formed is called a hard fork. 

The most famous Bitcoin hard fork is probably Bitcoin Cash (BCH) but plenty of others have followed it on to the market. There’s Bitcoin Platinum, Bitcoin Atom, Super Bitcoin and even a Bitcoin GOD!

Let’s start with the basics. 

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Every cryptocurrency has its own set of rules. These include: how information is recorded, what transaction fees users will pay and what rewards they can earn. These rules are called its protocol. 

Sometimes changes are made to the protocol. Cryptocurrencies have no central leader or management so changes to the protocol are made by the cryptocurrency’s community. These are the users who support the network and carry out important tasks on it. 

Changes to a cryptocurrency’s protocol are called forks. Try to think of them like software upgrades. Some systems on the network will support the changes and upgrade; others won’t. There are two different kinds of forks;

So, now you know what a hard fork is, let’s examine the Bitcoin Diamond fork more closely.

In 2017, two Bitcoin miners called Team Evey and Team 007 decided to change the network’s protocol that is called Bitcoin Core. They were unhappy with the way that Bitcoin was working and thought they could improve it. Evey and 007 named their improved protocol, Bitcoin Diamond.

Note: Miners are Bitcoin users who do special tasks which help to process Bitcoin transactions. They play a vital role in the Bitcoin community.

The main improvements Evey and 007 wanted to make to the Bitcoin protocol were:

Team Evey and Team 007 wrote changes into the Bitcoin protocol that they hoped would achieve these goals. The Bitcoin Diamond fork happened on November 24, 2017. The fork affected the whole Bitcoin community. I’ll tell you how in the next section. Now, let’s have a quick look at how Bitcoin Diamond coin has performed in the market so far…

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Following the Bitcoin Diamond fork, the Diamond coin entered the market in style! One week after the fork, the Diamond coin was worth 61.71 USD. By November 25, the price had gone up to 91.47 USD! 

Unfortunately, this didn’t last and prices began to go down across the market throughout January 2018. The price of Diamond coin has since dropped to an unimpressive 2.44 USD. 

UPDATE 2020: Currently, BCD price is only $0.83 USD, however, it doesn't seem to be dropping anymore. 

Even though its price is low, the total value of all the BCD on the market is still well over 150 million USD. The market is becoming very crowded with Bitcoin fork coins and only the ones with the best protocols will succeed.

Bitcoin Diamond coin could win over a lot of Bitcoin users with its faster transaction times, lower fees and easier access to new users. Bitcoin is a hugely popular coin but it can be quite difficult to use! Many Bitcoin critics argue that the coin won’t be a valid replacement for normal money until users can make small purchases; quickly and easily. 

A network offering these features will also appeal to small businesses dealing in low priced, high-volume goods like coffee or fast food. However, in my opinion, the price of Bitcoin Diamond will have to be more stable before it attracts any big-brand clients like Starbucks or McDonalds. 

UPDATE 2020: Even though BCD pricing dropped, it seems to be very stable at the moment. 

So, who can use BCD?

Whether you buy it or you’re lucky enough to get it for free, you’ll need a place to keep your BCD. For this, you’ll need a Bitcoin Diamond wallet.

Note: A wallet is a software application or hardware drive that stores important access codes for your cryptocurrency. You can also use a paper wallet to store your access codes.

It can be hard to find wallets that support new coins. There are eight sites offering a Bitcoin Diamond wallet at the moment. They’re listed on the coin’s homepage. Each is software wallets offering mobile, web and desktop storage. 

BCD’s homepage also contains download links for two multi-platform wallets called QT and Electrum. Both can be used as a Bitcoin Diamond wallet. I always recommend using a mix of software and hardware wallets. 

Tip: When you start using new cryptocurrencies it’s very important to use exchanges and wallets that you trust, so do your homework!  If you're looking for a reliable exchange, you should check out Binance, and if you want to have a secure hardware wallet to keep your crypto, Ledger Nano S is one of the most recommended options. 

Now you know who can use BCD, let's find out more about how BCD transactions work.

In some ways, Bitcoin Diamond transactions are very similar to normal Bitcoin transactions. The two share a lot of the same code from the Bitcoin Core protocol.

I’ll talk about the similarities first.

Bitcoin and BCD are networks where users can store and transfer information. All this information is stored in huge databases called blockchains. A blockchain is a very long list of all the transactions that have ever been made on the network. Blockchains are stored across thousands of computers called nodes. 

New transactions are put into groups called blocks and checked by nodes to make sure they’re valid before being added to the blockchain. Miners play an important role in processing transactions on both the Bitcoin network and on the Bitcoin Diamond network. Each platform takes about 10 minutes to process one block of transaction information. 

For more information about the role of miners on the blockchain, check out my Blockchain Explained guide!

Both networks are also planning on using the lightning network to speed up transaction times. Evey and 007 have announced that BCD will start using the lightning network on July 31, ning network will allow users to form mini-networks where real-time transactions can take place away from the main blockchain. These transactions are then checked and added to the main blockchain as a whole. This takes a lot of pressure off the main network. 

Remember, BCD aims to be faster, cheaper and easier to access than Bitcoin. Here’s how:

Now you can answer the question, “What is BCD offering that Bitcoin doesn't?”, I want to talk about security issues.

Blockchains are a very safe way to store and transfer information. Big companies like Visa, Google, and Facebook store our information on a limited number of central servers.

If these servers are attacked, our information can be put at risk. Blockchains spread our information across thousands of different computers. This makes attacking a blockchain extremely difficult!

One of the main safety features of blockchain technology is encryption. Private personal information is hidden using computer code. Some critics of Bitcoin think that not enough user information is encrypted.

For example, all transactions and their amounts can be seen by anyone using the Bitcoin network. This can make tracing the real identities of users fairly easy for governments and other organizations.

The team behind Bitcoin Diamond wanted to encrypt more user information. However, they have recently decided not to add more privacy features to BCD.

They feel that governments will soon start passing laws that stop cryptocurrencies from hiding user data. In a statement published on Medium, the team noted Japan and Russia as examples of this trend. 

The team also thinks that businesses won’t want to support coins that offer a high level of user privacy. On April 20, 2018, they said that they “realized that more exchanges might delist anonymous cryptocurrencies in the future".

Such news might disappoint a lot of crypto fans who value privacy. It shouldn’t affect the overall security of the blockchain though.

The real risks that Bitcoin Diamond coin faces are scammers who target the release of new hard-fork cryptocurrencies. Who are these scammers and what is BCD doing about them?

How Can it be Abused?

New hard-fork coins are often abused in the confusion following their launch. Whenever new coin forks from the Bitcoin network, holders of Bitcoin are targeted by scammers. 

After the hard fork in November 2018, Bitcoin holders who didn’t understand how to claim their free BCD were tricked into depositing funds into a fake Bitcoin Diamond coin wallet. Instead of getting free Diamond coin they lost their Bitcoin deposit!

If you hold Bitcoin, you should be very careful with your coins when hard forks happen. Always use a combination of hardware and software wallets. When it comes to the most recommended hardware wallets, you should definitely go for Ledger Nano S and Trezor. 

Important: Don’t be fooled by offers that "give away" money. Use wallets that you can trust only. New coins can cause a lot of uncertainty, so take time to consider your options.

Before you go, let’s have a quick recap of the pros and cons of Bitcoin Diamond.

Let's begin with the positive aspects. 

Next, let’s have a look at a few cons.

You should now have a good understanding of what Bitcoin Diamond is and how it works, so let's jump to conclusions.

Hard forks are a part of an ongoing process to build the perfect cryptocurrency. Bitcoin Diamond has made some important changes to Nakamoto’s software.

A diamond coin isn’t a perfect cryptocurrency but neither is Bitcoin or Bitcoin Cash. However, each new solutions bring us closer to a world where the transfer of important information is fast, easy and free!

Here are the steps that you can follow to get Bitcoin Diamond without much trouble: 

1. Get a secure cryptocurrency wallet (Ledger Nano S and Trezor). 

2. Sign up to Binance. 

3. Purchase Bitcoin Diamonds on Binance.

4. Send your Bitcoin Diamonds to Ledger Nano S wallet. 

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Diamond (CURRENCY:DMD) traded 0% lower against the US dollar during the 24 hour period ending at 11:00 AM E.T. on December 22nd. Diamond has a market capitalization of $4.63 million and $2,673.00 worth of Diamond was traded on exchanges in the last day. In the last week, Diamond has traded 5.6% lower against the US dollar. One Diamond coin can currently be purchased for $1.30 or 0.00005592 BTC on major cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

Diamond Profile

According to CryptoCompare, “Algorithm is ASIC resistant Grøstl. 4.38 million total coins. Block solving target time ~ 100 seconds. Low transaction fee at 0.001. Mean time per block under 60 seconds. Difficulty retargets at every block. Endless Hybrid Network Security. Transaction Message. Fast and secure transactions with 6 required confirmations. Provision for continuous promotion and development. Brand new code base with up to date security patches and significant performance improvements.   “

Buying and Selling Diamond

Diamond can be bought or sold on the following cryptocurrency exchanges:. It is usually not possible to purchase alternative cryptocurrencies such as Diamond directly using US dollars. Investors seeking to acquire Diamond should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Diamond using one of the exchanges listed above.

Menu Reading About NewsCoinsDiamond Standard Tries to Make Diamonds a Liquid Commodity via EthereumBy 3 min readSep 25, 2020Sep 25, 2020, a New York-based startup, is launching a  to buy, track, and sell diamonds on the Ethereum blockchain: The company wants to turn diamonds into a liquid commodity, as fungible and easy to trade as any other asset. To that end, on Monday, it’s holding an “” that, it hopes, will standardize the price of diamonds by literally pegging the gemstones to a physical token that’s encrypted, trackable, and registered to the blockchain. The company hopes to raise as much as $25 million via the sale of the diamond-studded tokens; each token will be sold for $5,000 during the Offering. "If you buy a diamond on 47th Street in New York and try to sell it, you are going to have a hard time getting two-thirds of your money back out of that. Even if you take it to Sotheby's and try to auction it, you're going to pay 18% commission. We've made an efficient commodity just like gold,” the company’s founder, Cormac Kinney in an interview last year. Kinney, a serial entrepreneur who founded, among other things, Flont Inc., a fine jewelry company, launched Diamond Standard in 2018. So how does it work? After a vendor delivers their diamonds to a global Gemological Institute of America lab to be assayed, the diamonds are inspected and separated into sets. They’re then assembled into a “Diamond Standard Coin,” which is sealed with an embedded, wireless encryption chip. The process is audited by Deloitte and the coin is registered as an ERC-20 token on the Ethereum blockchain. It can then be traded, sold, or even used as collateral for a loan, via a mobile app. "Diamond Standard is unique—it is both a physical and digital asset containing GIA certified diamonds," Tom Leonard, a Diamond Standard spokesman, told Decrypt. According to , each coin that will be offered during Monday’s public offering contains certified natural diamonds with identical geological scarcity and a wholesale market value of  $5,000.00 as of the sale date. The diamonds are tracked via the blockchain through the wireless computer chip. Once the coin is purchased, the diamonds ship to the buyer or to approved custodians BitGo, Gemini, Dillon Gage, or IDS Delaware. Individual buyers can sell their Diamond Standard Coins to another buyer using the Diamond Standard app or website. Know Your Customer compliance is required to buy, trade, or sell Diamond Standard Coins. "Not only can you trade the commodity, but you can pledge up to 80% of the value of the coin through smart contacts and back any digital transaction. We want to encourage entrepreneurs to innovate digital capabilities," Leonard said. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. bold>diamonds-a-liquid-commodity-via-ethereumRead on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. Menu About

The meteoric rise of blockchain technology has greatly contributed to the digital revolution. It is believed that the technology will someday achieve massive adoption across major sectors and it would be responsible for handling a greater part of the world’s exchange of value and information. To some, the fact that Bitcoin comes to mind on mention of blockchain seems to suggest that the technology is ‘not there’ yet. However, blockchain technology is not synonymous with Bitcoin; one of its numerous applications is in the development of digital currency (cryptocurrency), Bitcoin being an example of such. Although blockchain technology was initially developed as a public distributed ledger for verifying and recording Bitcoin transactions, it later became clear that blockchain technology offered limitless applications than a P2P digital currency system: it could be used to store any information of value, essentially creating the internet of value. Blockchain technology employs a system of distributed ledgers to securely and immutably store data in containers called blocks. Several use cases are constantly being discovered, with new blockchain platforms popping up now and then. One of the innovations developed to harness the full potential of blockchain technology are smart contracts. Smart contracts are self-executing blocks of code that enable seamless, automatic and secure exchange of value (tokens) on blockchains. Borne out of a need to eliminate third parties, smart contracts and tokenization work together, enabling nodes to perform trustless transactions. This implies that contracts can be drafted between individuals and preset actions executed automatically once set conditions have been met, without the need for a third party to verify the contract. So, for instance, a homeowner putting her house on rent could tokenize the tenancy agreement and create a smart contract to execute once the funds have been sent to a unique wallet address. The tenant would then get a digital access key after the payment is verified. In 2013, Vitalik Buterin proposed Ethereum, an open-source platform with a low entry barrier to enable programmers to easily develop and deploy decentralized applications (dApps). The development was funded through a crowdsale between July and August 2014 and the platform went live before the end of July 2015. The development of smart contracts opened blockchain technology to previously undiscovered use cases beyond digital currencies. Decentralized applications began to be developed in different industries, ranging from agritech, healthcare, aviation, government (especially voting and election management), and even the diamond industry. Impact of Blockchain Technology on the Diamond Industry Just as with any major industry, blockchain has a lot to offer the diamond industry from its vast array of groundbreaking features. This can be summarized into three T’s: transparency, traceability and tokenization. Transparency In an age where the global diamond market is taking necessary measures to ensure sustainability and eco-friendliness by eradicating the conflict (or blood) diamond trade and being ‘ecologically accountable’, blockchain technology seems ― and has proven ― to be the best approach. The blood diamond trade continues to be a drawback for the industry, even with the implementation of the. The Kimberley Process Certification Scheme involves local governments working with international organizations to ensure every diamond batch shipped from participating regions is certified. Let’s face it, though: humans are generally less trusting of (centralized) organizations these days; they trust the tech more, since they can get an insight into what’s happening behind the scenes. Apart from that, the certification scheme is convoluted and intricate, with an awful lot of proceedings and players leaving much room for bad actors―even though they claim to have a 99.8 percent success rate. The process could be more streamlined by implementing blockchain technology to provide real-time data, from the mine to the jeweler’s. Blockchain eliminates a central authority by serving as a single source of truth where nodes work have to work together (reach consensus) to verify transactions. This would ensure a fully transparent mining process, guaranteed to eliminate bad actors. Traceability Blockchain offers an immutable record of stored data, which implies that once the whole process is logged, it cannot be retroactively tampered with. All mining data (timestamp, output, value) will be immutably logged on the blockchain. As such, diamond batches could be easily traced back to their origins so owners can have full confidence in the traceability of their ‘clean’ diamonds. Also, auditing is fundamental to establishing provenance across the diamond supply chain, and blockchain provides a platform for audit and regulatory compliance. Tokenization Gold is generally preferred as a store of value by investors, mainly because there’s an easier way to standardize its value. Diamonds are also a valuable natural resource, and they can easily overtake gold as the preferred choice for investors because they’re portable and easy to grade. Blockchain proffers a viable solution, with an immutable decentralized ledger designed to keep track of each diamond’s data (including its value and provenance). To streamline the process, the diamonds could be grouped into sets of equal value, and each set packaged and logged on the blockchain. Once this is done, users can track diamond trades and movement across the supply chain using the unique IDs on each set. In another scenario, once information on each diamond batch has been registered on the blockchain, the value can be tokenized. The token can then be used as a transfer of value for purchasing diamonds. That way, traders can verify the diamonds’ provenance and ascertain whether they were ethically sourced. All in all, blockchain technology can effectively resolve current drawbacks experienced in the diamond industry, particularly sustainability and provenance. This will surely open more ways for disruption across the industry for a clean, sustainable diamond trade. Learn more about iCoin Written by

Cryptocurrencies are peer-to-peer digital currencies.

This means that they allow money to be transferred from one person to another without using a bank.

Every cryptocurrency transaction is recorded on a huge digital database called a blockchain.

The database is stored across thousands of computers called nodes.

Nodes put together groups of new transactions and add them to the blockchain.

These groups are called blocks

Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain.

Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive.

Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions.

The reward for confirming new transactions is a new cryptocurrency.

The process of being rewarded with new currency for confirming transactions is what we call "mining".

It is called mining because it’s a bit like digging for gold or diamonds.

Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins.

Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain.

Mining Dogecoin is like a lottery. To play the lottery you have to do some work.

Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which was discussed in the last section.

Volatility is something that will come to your mind whenever you think about the crypto market condition. Indeed, changes happen every moment in this business space. So, what happened in cryptocurrency overnight while you were deep in sleep? Well, a lot must have happened in different financial markets. After all, that is what the crypto industry is all about. In this article, you will learn some of the overnight fluctuations in the crypto market.

Bitcoin Update

It seems that you can hardly leave Bitcoin outside whenever talking about the crypto market. As far as you can find multiple assets to trade in the current market, Bitcoin remains indomitable. Nevertheless, you cannot ignore that BTC has been struggling to keep an upward trend in the last few days. However, the digital coins have shown an upward trend since having a support area at $53,000 on 5th May. The upward trend gives the support area.

Bitcoin, similar to other digital assets, fluctuates day in day out. That is why expert investors advise you to stay updated with the market happenings to enjoy returns. Bitcoin continued with the positive trend up to $58,360.

Before making your investment decisions, keep in mind that BTC is decreasing after rejection. For now, you can hardly predict where bitcoin is heading next. Technical indicators are somewhat neutral. RSI is over 50, and MACD maintains positive. However, the digital coin lack momentum. You can hardly tell the current Bitcoin trend.

Altcoin Movers

The crypto market cap hit a new high on 6th May, totaling over $2.4 trillion. This morning, most top-10 assets are in green. Cardano climbed to its all-time highest yesterday, $1.70.

Which altcoin takes the day in terms of gains? Well, it is none other than Bitcoin Diamond. The asset fluctuated up with 71% gains reaching a $6.12 price. It is among the best gainer of this week as of now, with 163% upward movement.

Telcoin was yesterday’s record gainer. However, the asset ranks top in today’s losers. Despite the declines, Telcoin remains the best gainer of this week, with a 418% increase.

As it has been, a lot has changed in the cryptocurrency industry in the past few hours.

Ethereum Classic, the sibling fork of Ethereum, enjoyed a price revival this week when its price soared more than 200% to become the cryptocurrency that led the way of the bull market. Ethereum classic (ETC) started the week with a price of $36, and slowly crawled its way up to $160 on Thursday, to then experience a correction that took it to $118 at the time of writing this article. But what were the reasons that led to it?

Ethereum Classic has not been the trustiest cryptocurrency out there. Just during the last year, it suffered several 51% attacks that compromised its reliability, rolling back the chain thousands of blocks due to its falling hash rate at that time. This affected the status of the currency, and now exchanges are asking for thousands of confirmations to just acknowledge a deposit. For example, Kraken users must wait almost a week (40k confirmations) for a deposit to be effective.

So it would seem contradictory it is now enjoying this resurgence. However, this might be the consequence of the actions of its big brother Ethereum. Ethereum has been planning to change its consensus algorithm to proof of stake for some time, and the change seems to be even closer now. However, the huge mass of miners that are now securing the Ethereum network needs to migrate to other chains to survive, and the market might be anticipating this move betting on Ethereum Classic for the future.

Dogecoin also continued its push to one dollar this week, impulse by its defacto forefather, Elon Musk, who has been one of the great promoters of the meme coin. Dogecoin rose by 124% this week, reaching $0.71 per unit, and experiencing a big pump due to the expectative of Musk hosting an episode of Saturday Night Live. Fans of the cryptocurrency, that has reached mainstream recognition from influencers and people not normally associated with the cryptocurrency world, expect it to pump after it gets referred by Musk on the comedy show to millions of viewers.

Bitcoin Cash was one of the highlights of the week as well, increasing its price by more than 50%. Bitcoin Cash’s price got to over $1,500 and corrected to finish the week with around $1,350. Bitcoin cash is just a week away from an upgrade that will bring some improvements to the blockchain. The upgrade introduces a new update schedule designed to bring back trust and predictability after two contentious hard forks that have affected the image of the currency. Other Bitcoin network forks like bitcoin gold (BTG) and bitcoin diamond (BCD), and bitcoinsv (BSV) also got important gains.

What do you think about this price weekly roundup? Tell us in the comments section below.

By Diamond-Michael Scott

April 26, 2021

The bitcoin price has been on a real topsy-turvy ride in recent days. After a meteoric rise during the first three months of this year, it has been on a “bit” of a roller coaster ride over the past couple of weeks or so. Here is what three market observers had to say about these recent developments: 

Don Guo, CEO at Broctagon Fintech Group

“We can most likely attribute Bitcoin’s sharp decline to the fact that US investors are facing a capital-gains tax if they sell the cryptocurrency after holding it for more than a year amidst reports that President Biden is contemplating doubling this for the wealthy.” 

“Further, investors will see the price drop across the crypto market as an opportunity to widen their portfolio by averaging up their investment outlay and buying in new Altcoins such as Ethereum. Therefore, likewise for Bitcoin, a further drop is unlikely as the big conglomerates will see it as an opportune moment to make their entry in acquiring Bitcoin while prices are relatively low.”

Anton Chashchin, Managing Partner at CEX.IO Prime Trading 

“There is substantial risk that Bitcoin is set to face the largest price correction it has seen since its March 2020 market crash. Inevitably, President Biden’s proposal to impose taxes on the wealthy has rattled markets globally, thereby impacting cryptoassets.” 

“In addition, estimated leverage ratios from all exchanges are very high as per Crypto Quant data, which opens the possibility for a cascading liquidation run towards which could lead to even further price dips if long term buyers don’t support the market here.”

“Typically, markets that are ‘too long’ are unfavourable among crypto investors, so we don’t expect these recent price declines to mark the end of its recent bullish run.”

Gavin Smith, CEO at Panxora Group

“These sharp price declines should come as no surprise to the wider market participants. Any asset which has risen as much as Bitcoin over the past 12 months can be expected to have some pullbacks as some people take profits, and we’re currently seeing evidence of this.” 

“To that point, these sudden dips are particularly the case with Bitcoin as recent price action has shown that, while an exceptional investment opportunity, Bitcoin is still an emerging asset class that is subject to the volatility common with new emerging assets.”

“Further, we have found that Bitcoin has exhibited a decline averaging 40% at least once every year before recovering to new highs. Therefore, should this latest decline follow true to form then we wouldn’t be surprised to see Bitcoin drop to around $39,000 USD before then recovering and reaching new all-time highs”

“It’s crucial for investors to keep in mind that the investment narrative for Bitcoin is still intact, however anybody entering the market should have an effective risk management approach to protect against these drawdowns.”

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Photo by Ewan Kennedy on Unsplash For some reason, Bitcoin forks have been rallying extremely hard over recent days. Bitcoin Gold and Bitcoin Diamond have gained approximately 20 percent in the past two days alone, making them the best-performing digital assets in the top 100 coins by market capitalization. Litecoin, too, has performed well over recent days, actually outperforming Bitcoin over the past week. The LTC rally is somewhat explainable: the coin was added to PayPal’s cryptocurrency service for some reason, meaning that it is likely seeing a bid from retail players that don’t know much about digital assets. Avi Felman of BlockTower Capital noted, for instance, that LTC actually bounced higher at 5:00 pm EST earlier this week. This indicates that retail users bought the coin after work. The rallies in the other forks, though, came out of left field. Why would these tokens that were previously dormant suddenly surge higher? Right now, no one is too sure. If you search up the forks on Twitter, you will be hard-pressed to find an actionable bit of information that would have catalyzed this move higher. These coins are dropping somewhat after their initial pumps but remain far above the price points of just days ago. It is possible that this rally has to do with the ongoing Bitcoin Cash fork situation, which is going another consensus split/fork over further changes to the protocol. It is unlikely that this is the start of a longer-term rally for these coins: many in the crypto industry, namely those involved in decentralized finance, expect a further repricing of assets toward more “useful” cryptocurrencies and chains. Eric Conner, an Ethereum podcaster and developer, recently explained that from a fundamental standpoint, it is unclear where there is about nine times the amount of capital in “zombie chains” with little on-chain activity such as Bitcoin forks than DeFi coins: Jason Choi, head of research at Spartan Capital, has echoed this sentiment. As reported by CryptoSlate, he said on investing in Bitcoin forks: Unless smaller proof of work chains find unique use cases to attract new users, they may lose market dominance, in terms of users and the values of their underlying tokens, to more useful projects. Right now, the coins that are soon as the most useful are largely DeFi coins. Posted In: Bitcoin, Altcoins, Analysis Sign up Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Dogecoin, a meme-inspired cryptocurrency, hit a record high on Wednesday after reaching about 69 cents.

With it's price up over 12,000% this year, and with big names, like Elon Musk talking and tweeting about it, dogecoin has become one of the buzziest cryptocurrencies, alongside bitcoin, which itself hit a fresh record of over $63,000 last month.

Searches like "Is dogecoin the next bitcoin?" are even trending on Google.

But the two cryptocurrencies have major differences. Here are three important distinctions between dogecoin and bitcoin, according to experts.

"There are many differences between dogecoin and bitcoin," says Meltem Demirors, CoinShares chief strategy officer.

One of the "most important" is the supply of each, she says.

Dogecoin is inflationary, says Demirors, meaning "more doge is printed every minute of every day, giving doge a potentially infinite supply."

For example, "every minute of every day, 10,000 more dogecoin are issued. That equates to nearly 15 million doge per day or over 5 billion doge per year," she says.

An unlimited cap on supply can negatively impact value over time.

Bitcoin, on the other hand, has a finite supply of 21 million, which creates a "built-in scarcity ... akin to the way that gold or diamonds are valuable because they are scarce," James Ledbetter, editor of fintech newsletter FIN and CNBC contributor, says.

This scarcity is central to why bitcoin bulls argue for holding the cryptocurrency long-term – because it is limited, as demand increases, the price of bitcoin should as well.

Because of this difference, "I see most people trading dogecoin on a short-term basis," with investors hoping to make a quick profit, "and choosing to hold bitcoin over a longer duration," Demirors says.

Another difference between dogecoin and bitcoin is the premise on which each was created.

Bitcoin launched in 2009 with an extremely detailed white paper written by Satoshi Nakamoto, the pseudonym used by bitcoin's creator or creators. Nakamoto's intention was for bitcoin to become a prominent decentralized digital currency. Bitcoin supporters see the cryptocurrency as digital gold and a hedge against inflation.

Trust in bitcoin has grown with institutional and retail investors during its 12-year run, which led to the cryptocurrency selling for record high prices this year.

In comparison, dogecoin was created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer. Based on the "Doge" meme, which portrays a shiba inu dog, Markus and Palmer didn't intend for dogecoin to be taken seriously.

It was "created for sillies," Markus wrote in a recent Reddit post. "I threw it together, without any expectation or plan. It took about 3 hours to make."

As a result, dogecoin lacks technical development and isn't as secure as bitcoin.

Over the years, Markus was surprised to see how quickly the dogecoin community grew, as it bonded over a common love for the shiba inu dog meme, and recently, the cryptocurrency exploded after social media buzz from the likes of Musk and Mark Cuban.

"Dogecoin currently exists as a kind of inside joke," Ledbetter says.

But "for many people, investing is becoming a form of entertainment," Demirors says. "For dogecoin, the meme is the message. As the influence of FinTwit [financial industry twitter] grows, so will the memes and the way they move our markets."

Nonetheless, both dogecoin and bitcoin have both been called risky investments, as cryptocurrencies are highly volatile. In fact, experts warn that investors proceed with caution before buying dogecoin, deeming its rally to be highly speculative. In turn, experts warn that people should only invest what they can afford to lose.

Though for many years dogecoin was developed by engineers who copied the exact code from bitcoin software, bitcoin has an extensive and well-funded ecosystem that does not exist with dogecoin.

Mike Novogratz, a crypto bull and CEO of Galaxy Digital, told CNBC's "Squawk Box" on April 20 that bitcoin is "a well-thought-out, well-distributed store of value that's lasted for 12 years and is growing in adoption, where dogecoin literally has two guys that own 30% of the entire supply."

"I worry that, once the enthusiasm rolls out, there's no developers on it, there's no institutions coming in. But it's got this moniker of the people's coin right now," Novogratz told CNBC on Wednesday.

"It's a little bit of a middle finger to the system. I think it's dangerous because once that enthusiasm dies, if it dies, you could have a long way down. But I don't want to discredit."

Check out: Meet the middle-aged millennial: Homeowner, debt-burdened and turning 40

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