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Cryptocurrencies have gone from geek heaven to serious business By April 2020 Share The old billingsgate building by the Thames is both an incongruous and yet appropriate venue for a cryptocurrency …
Cryptocurrencies have gone from geek heaven to serious business By April 2020 Share The old billingsgate building by the Thames is both an incongruous and yet appropriate venue for a cryptocurrency conference. Incongruous because cryptocurrencies, running on computer chips that make trillions of calculations per second, couldn’t be further removed from those squamous quickly-expiring assets that the Billingsgate fishwives used to sell there. Appropriate because many cryptos are quickly-expiring assets that are often sold and debated with the proverbial vigour and profanity of the Billingsgate fishwives. In fitting homage to its piscine heritage, one halibut was actually sold, blockchain-style, on stage at the CoinGeek conference in February. Shilling and trolling, and good old-fashioned face-to-face abuse, are very much alive and well in crypto. Crypto is in fine form, despite regularly receiving its obituary from financial grandees and government officials. One of the luminaries of crypto who attracts much of the clamour is Dr Craig S. Wright, an Australian who claims to be Satoshi Nakamoto, the pseudonymous author of the white paper that 11 years ago launched the first and to date mightiest cryptocurrency, Bitcoin. Many people in the crypto life, who should know what they’re talking about, view Craig Wright as a fraud, and refer to him as “Faketoshi”. And it’s true that Wright isn’t good on real-world detail when he makes pronouncements. But perhaps you could put that down to traditional mad professor absent-mindedness. But here in Old Billingsgate, the crowd that has gathered are his disciples. CoinGeek, one of the companies behind Wright, has merchandise, T-shirts and mugs on sale. The event is closer to a rock concert or religious ceremony than an academic consideration of the merits of Cassandra databases versus blockchain, or investment advice. Powerful, shoulder-jiving music blares out as Jimmy Nguyen, an American lawyer with a sharp suit and tie who looks as if he works out, bounces up onto the stage in front of one the largest screens I’ve ever seen, projecting text and images of him. His elated energy could sell you a used car or salvation. Nguyen is the MC of the event and the spin doctor of BitcoinSV, the coin and the blockchain that Craig Wright is now pushing. Nguyen starts by hailing Wright as Satoshi Nakamoto and explains that Wright was inspired by a Pokemon character, Satoshi, and Tominaga Nakamoto. Nakamoto, Nguyen informs us, was a Japanese philosopher and the Japanese “version” of Adam Smith. From his work Writings of an Old Man we get a quotation: Makoto no michi — the way of truthfulness. Nyguyen points out how often the word “honest” appears in the Bitcoin white paper, because honesty is a quality greatly valued by Wright. Nakamoto (1715-1746) was certainly a Japanese philosopher, but he ruminated on the shortcomings of Shintoism, Confucianism and Buddhism. Like Wright, he infuriated many of his contemporaries. I admit I’ve only been able to research him in English, but I haven’t found a single reference to him being an economist. Makoto no michi is also a slogan you’ll find on the walls or doors of many dojos, since the martial arts are at pains to emphasise they’re not only about breaking bones. Somehow this is typical of the rhetoric that swirls around crypto and Wrightworld — not quite right. Nguyen is followed by a couple of developers who praise the power of the BitcoinSV blockchain. The SV stands for Satoshi Vision, Wright’s insistence that he is returning to the original principles of the white paper. It’s interesting that throughout the conference there is much greater emphasis on the blockchain (a distributed public ledger maintained by a peer-to-peer system of computers) rather than the cryptocurrency that runs on it. The prominence of the blockchain rather than the currency is probably to do with Wright losing the so-called “hashwar”. The original Bitcoin, now often referred to as Bitcoin Core, was getting slow and expensive years ago, and Wright and others wanted bigger blocks to boost the system. There was a “hardfork”, a split, which resulted in the creation of Bitcoin Cash in 2017. Bitcoin Cash, with bigger block sizes, seemed to be gaining ground, and performing the function of cash, but then Wright and one of his principal backers, Calvin Ayre, a billionaire who had made money in the online gambling industry, wanted even bigger blocks and engineered another “hardfork” to create BitcoinSV in 2018. The miners and the crypto exchanges mostly stuck with Bitcoin Cash and cold-shouldered Wright. It looked as if Wright had lost. But he hadn’t lost a war, just one major battle. The irony is that if all the Bitcoin jihadis had stuck together, Bitcoin would now probably be a household feature. But the schisms and confusion put off merchants and investors. However, BitcoinSV has now climbed into the top ten of cryptocurrencies, often as high as number five, usually just behind Bitcoin Cash; both, however, a long way behind the supreme ruler, Bitcoin Core. All the big football clubs started off as ventures founded and played by local enthusiasts, before they became the vast corporations draining billionaires from around the world. The original Bitcoin came out of the largely Anglo-Saxon cypherpunk movement: coders on the left and right of politics who were distrustful of, or hostile to, banks, the government and the state. Peer-to-peer electronic cash at the beginning meant individuals mining bitcoin (or epigoni like Ethereum or Monero) on a desktop or laptop, with a Rage Against The Machine poster on the bedroom wall, pulling on a joint, and getting a sense of satisfaction from “sticking it to the man”. A fervent utopian message of justice was promulgated. This wasn’t just another currency; it would uplift the unbanked, succour the poor, topple corrupt government. You ran a crypto node (one of the links that makes up a blockchain) on your computer because it made you a cornerstone in the brave new world that was being built. A “full” node also allowed you to “mine” bitcoin (a reward for being part of the blockchain, a cryptographic lottery in which greater computing power gives you a greater chance of winning) and charge fees for processing transactions. Peer-to-peer in the crypto now means billionaire-to-billionaire. The amateur, volunteer, do-it-yourself, homebrew, cottage, band of brothers, guerrilla phase is well over, although there are diehards indulging in that dream with cryptos well shy of the top ten. Now, just as in football, if your
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The average number of Bitcoin transactions per block reached an all-time high of over 2,700 transactions on Mar. 29. These figures have not been seen since the peak of the cryptocurrency market in …
The average number of Bitcoin transactions per block reached an all-time high of over 2,700 transactions on Mar. 29. These figures have not been seen since the peak of the cryptocurrency market in December of 2017.Average Bitcoin transactions per block represent how many transactions are included in each 2 MB block, on average, in a given day. Assuming an average transaction occupies 570 bytes of data, then a block can contain approximately 3,500 transactions, given the 2 MB limit.Bitcoin transactions per block now at all time high. 🚀 We’re taking over. pic.twitter.com/1QELlRWWnw— Jacob Canfield 🔰 (Official Account) (@JacobCanfield) April 7, 2019On Mar. 31, 2018, the figure hit a three-year low of 830 transactions per block. Average transactions have been trending up since.Then, on Mar. 23, average Bitcoin transactions per block shot up from 1,500 to 2,700, an increase of 80 percent.The sudden increase could signal increasing bitcoin adoption, but it is more likely to stem from growing trading-related transactions. As trading volumes increased from $4.3 billion on Jan. 1 to $16.7 billion on Apr. 7th (based on CoinMarketCap data) transaction volumes followed.Moreover, the more recent uptick appears related to the sudden increase in bitcoin prices, which again impacts trading volume.The average transactions per block do not include transactions conducted over the Lightning Network. As such, the number of transactions facilitated by Bitcoin could be much higher, especially considering that the Lightning Network has also seen steady month-over-month growth.As Bitcoin blocks approach saturation, then the transaction fees per block will undoubtedly increase. A rise in fees has already been seen with average daily fees going from $0.20 to over $1.00 per transaction.Bitcoin, currently ranked #1 by market cap, is up 0.39% over the past 24 hours. BTC has a market cap of $91.2B with a 24 hour volume of $17.16B.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.Like what you read? Give us one like or share it to your friendsoriginal post…Sparkswap Raises $3.5 Million From Initialized, Pantera for Lightning-Powered DEXMatic Network (MTX): IEO Review and Rating Ahead of Token Sale (Binance Launchpad)5 Reasons Why China’s Proposed Ban on Bitcoin Mining Could Kill BitmainScotland: Man Jailed after Using Bitcoin to Buy Handgun on Dark WebSaudi Arabia Won’t Bow to Trump’s ‘Crude’ Jabs Until After Aramco IPOWhat Are The Top Bitcoin & Crypto Hardware Wallets?Dow Plunges After Trump Unleashes $11 Billion Tariff ThreatYin Wu is the founder of Dirt Protocol, a protocol for decentralized information curation that aims to organize the world’s data and make it freely accessible.The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.In 2018, the promise of a decentralized future fell apart.The most widely used dapps have a few thousand daily users and a study of 43 blockchain applications found a zero percent success rate. With so much funding and talent in the space, why do we have so little success to show?There is a broken process for building and launching blockchains applications today. Rather than working within an low-risk environment that supports iterations and learning, blockchain companies follow a playbook that stacks the odds against their success. By pre-selling a product before it is built, projects set themselves up to failure with unrealistically high user expectations on their V1.Moving forward, this approach to building creates three problems:With so little to show from 2018, we have to change how products are incubated and tested. For a better 2019, we can take lessons from how successful technology companies are built and apply them to the blockchain space.Many blockchain projects that pitched a future of decentralization just a year ago are realizing you cannot find mass market success by preaching a philosophy alone. Open-source projects as an alternative to closed, centralized networks are nothing new. It has been tried before with Diaspora vs Facebook, Mastodon vs Twitter and DuckDuckGo vs Google.The takeaway from these projects is the same: openness and decentralization only matter to developers.Blockchain applications need to go back to basics and ask the question of who is the user and what is their problem. Bitcoin created a way for darknet users to exchange funds online. Ethereum allows developers to run a script on a decentralized computer. IPFS is a way to store censorship data.No crypto-economic incentive is strong enough to overcome a missing use-case.Facebook released the newsfeed to overwhelming negative public response. Apple product launches have all been met with the same media reaction: too expensive to succeed. Netflix moved to streaming and lost over a million customers in the transition.Some of the most important product decisions that seem obvious in hindsight were controversial at the time. For crypto projects, a vocal community can be the biggest asset or biggest liability. Listen to your users but filter the feedback. Don’t give your users what they ask for; give them what they want.There is an mistaken perception in crypto that the idea is the most important part of success. So, we see
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United States bank holding corporation Capital One has won its latest blockchain-related patent, this time incorporating the technology in a content validation system. Documents from the U.S. Patent …
United States bank holding corporation Capital One has won its latest blockchain-related patent, this time incorporating the technology in a content validation system. Documents from the U.S. Patent and Trademark Office released the patent on April 2.Capital One, which last year focused its intellectual property efforts on blockchain for user authentication, now wants to use it as part of a wider network involving content providers.“A device may receive first content data from a content provider, the first content data including data identifying content,” an extract from the patent’s summary reads. The summary continues:“The device may generate second content data based on the first content data, the second content data including information that causes content validation to be performed on the content.The device may also provide the second content data to a content validation node, the content validation node being included in a content validation network implementing a blockchain network that includes executable instructions for performing content validation.”Capital One has shown interest in blockchain for several years. In 2016, the company was already looking into how to apply the technology to solve payments issues, at the time linked to health insurance.Last year, Gill Haus, Capital One’s senior vice president, retail and direct bank chief information officer, told Forbes about the ongoing bullish mood.“The benefit that we see with blockchain is that security is inherently built in,” he said. Haus continued:“You know who is contributing to that blockchain, you have an immutable record, and you can make sure that the system and the protocol assemble easily.”Within the banking sector more broadly, blockchain has also made something of a comeback this year, despite previous concerns its impact had been overhyped by the industry.Like what you read? Give us one like or share it to your friendsoriginal post…eToro survey finds millennials are leading the shift from stocks to cryptoCrypto Market Watch April.8: Market Cap Records 5-Month High At $185 Billion5 Reasons Why China’s Proposed Ban on Bitcoin Mining Could Kill BitmainCrypto Expo Asia Partners ICOWatchlist to Present Blockchain Summit in Vietnam – November 24, 2018Saudi Arabia Won’t Bow to Trump’s ‘Crude’ Jabs Until After Aramco IPOWhat Are The Top Bitcoin & Crypto Hardware Wallets?Dow Plunges After Trump Unleashes $11 Billion Tariff ThreatChina’s plans to ban bitcoin mining could not have come at a worse time for Bitmain. Once seemingly indomitable, Bitmain is now in a precarious phase.In the past couple of months, the bitcoin mining hardware giant has not only reported a $500 million loss after a couple of years of consistently making profits but also failed in a bid to get publically listed.Though recent leadership changes have given rise to hopes that the Bitmain ship could be steered back into the right track, reports that China is planning to ban cryptocurrency mining comes as a big blow.Here is why Bitmain’s senior management will likely spend sleepless nights for the foreseeable future:Despite a 2017 ban on cryptocurrency trading and initial coin offerings, China has been the world’s biggest market for bitcoin mining hardware.With the potential ban on cryptocurrency mining in the world’s second-largest economy, sales of Bitmain’s mining hardware are certain to fall. Bitmain has been diversifying lately but the bulk of its revenues still comes from selling bitcoin miners.As part of the plans of righting the ship, Bitmain was on the verge of making a serious cryptocurrency mining investment in China. With China possessing one of the cheapest electricity across the globe, this was a no-brainer.Electricity cost around the world | Source: StatistaSpecifically, Bitmain intended to put up 200,000 units of crypto mining hardware in China at a cost between $80 million and $100 million.News of the ban will, however, derail these plans and Bitmain will have to scour other locations for cheap electricity. Or cancel its expansion plans altogether.In what can only be referred to as unfortunate timing, the restructuring that Bitmain has been undergoing in the past few months have seen it reduce its global footprint as it focused on its domestic operations.This included suspending operations in Texas and by extension a $0.5 billion investment. The investment would have turned the Lone Star State facility into the largest cryptocurrency mining operation in the United States.Similarly, Bitmain also scaled back its operations in the Netherlands earlier in the year. And last year in December, Bitmain shut down a development center located in Israel.As Bitmain was awaiting the decision of its unsuccessful public listing bid, Charles Li Xiaojia, the CEO of the Hong Kong stock exchange where Bitmain was planning to list warned that consistency and sustainability were key to a successful process.‘Be Sustainable’: Hong Kong Stock Exchange CEO Scoffs at Crypto Giant Bitmain’s IPO Attempt https://t.co/1weg5JysDzNow with the threat of losing its largest market in one fell swoop, Bitmain’s chances of an IPO have been put into even more doubt. This is because the ban has only drawn attention to the uncertainty and precariousness of the business Bitmain is in.In war and in business, the enemy never sleeps. Even as Bitmain has been scaling back, its Chinese rivals have been doing the opposite.Ebang, one of Bitmain’s Chinese rivals has already announced plans to expand dramatically this year. Ebang is scheduled to manufacture over 400,000 blockchain processing units in 2019.Canaan Creative, on the other hand, has been busy looking for funding, no doubt both to finance growth and operations. Per the Securities Times, Canaan Creative recently raised several hundred million dollars.So is it all doom and gloom for Bitmain? Not really. On the plus side, this could be a good thing for the bitcoin mining giant. The ban could drive the price of bitcoin up and therefore raise interest in cryptocurrency mining. That would boost mining hardware sales. Bitmain will, however, have to fight harder in the market in the face of emboldened rivals.Like what you read? Give us one like or share it to your friendsoriginal post…SpaceX, the rocket company founded by Tesla billionaire Elon Musk, is laying off 10 percent of its 6,000-employee workforce. The layoffs are part of a move to streamline the business and cut costs.“SpaceX must become a leaner company,” President Gwynne Shotwell wrote in a Friday email. The news was first reported by the Los Angeles Times.This means we must part ways with some talented and hardworking members of our
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in decision making and inspire action, she earns a seat at the table wherever she serves. She has over 18 years of experience in banking & financial services industry, manufacturing, IT, insurance …
in decision making and inspire action, she earns a seat at the table wherever she serves. She has over 18 years of experience in banking & financial services industry, manufacturing, IT, insurance and public accounting firms. Prior to joining DMM Group, she spent about 8 years in the investment banking industry where she rose through the ranks of Merrill Lynch Japan Securities Co., Ltd. responsible for Corporate Financial Planning and Analysis, leading business plan development, financial forecasting, financial analysis, and capital commitment planning, as well as competitive analysis. Esther drives on-going focus and efficiencies on cost optimization and expense management across the Asia Pacific segment of their Corporate Workplace Division. Born in Malaysia and migrated alone to Singapore at the age of 15. Esther receives her B.Sc. (Hons) with First Class Honors in Finance and Accounting from University of Salford in UK. She is also a Chartered Certified Accountant and now a fellow member of Association of Chartered Certified Accountants ACCA. Teemu Suna is one of the founders, CEO and chairman of Nightingale Health, a blood testing company aiming to solve the global burden of chronic disease. A passionate advocate for disruptive health solutions, Suna has steered Nightingale into an established growth company with over 60
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Harmony creates an open market for the decentralised economy. The project aims at providing a consensus protocol over the open Internet at 10 million transactions per second with 100-milliseconds …
Harmony creates an open market for the decentralised economy. The project aims at providing a consensus protocol over the open Internet at 10 million transactions per second with 100-milliseconds latency and not more than 0.1% fee.- Currency: USD paid in ETH at the moment of sale;- Total tokens: 21,000,000,000;- Available for token sale: ТВА;- Token price: ТВА;- ICO plans to raise funds: as of today it is known that it is planned to raise USD 2,000,000 at seed round;- Sales t&c: 40% bonus for seed round, 20% bonus for private sale, 0% bonus for public sale;Token allocation20% for sale, 40% for developers and community, 28% for foundation and research, 12% for founder and team.Token freeze Sales — «40% no lockup, 10% monthly over 6 months; for bonus, 100% release after 1-year lockup»; Developers and community — «1-year 28% lockup, 1.5% monthly over 4 years»; Foundation and research — «28% no lockup, 1.0% monthly over 6 years»; Founder and
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There comes a time in every person’s life when they reach an impasse. When I say, “impasse,” I’m speaking about one of life’s many obstacles that present itself to us at incredibly inopportune …
There comes a time in every person’s life when they reach an impasse. When I say, “impasse,” I’m speaking about one of life’s many obstacles that present itself to us at incredibly inopportune moments. For you cinephiles in the audience, you’ve witnessed the man/woman standing on a street corner, who just lost their job and screams at the top of their lungs, “how could this get any worse,” only to be drenched in sewer runoff following a taxicab who drives right through a puddle. For those of us less entrenched with stereotypical vehicles of slapstick in film, everyone, more or less, has a bad day. Well, suffice to say that the US stock market has had a series of rough days over the course of the last several weeks, and several analysts believe that our nation may be headed for a recession a la 2008. Over ten years have gone by since our country underwent an industry-collapsing recession, and, although activity measures like retail sales, industrial production, and employment are at an all-time high, a growing number of economists and financial experts believe we are due for another recession in the next twenty-four months. Market growth has shown significant signs of slowing down over the last few months, with the Dow and several other indices dropping hundreds of points every week or so. “Traditional signals of a U.S. recession from the shape of a yield curve to a fall in housing investment to corporate bond spreads are suggesting in late 2019, early 2020.”According to several media outlets, all eleven sectors of the S&P 500 have received a decrease in expected earnings growth in the last few months, “led by utilities, materials, and industrials.” Before he even took office, President Trump made it clear that he wanted every product, service, and commodity to be manufactured in America and only America. As it relates to the oil industry, this has translated to a rush to pump oil out of shale fields around the country, most notably in West Texas, miraculously leading to record-high levels of production for black gold. Though domestic oil production couldn’t be higher, concerns about oversupply have sent oil prices every which way but loose. As of Monday, the Dow Jones Industrial Average dipped below 22,000 following a statement issued by Treasury Secretary Steven Mnuchin that was intended to calm nervous investors in the space. In his ill-timed statement, Mnuchin said that:“We continue to see strong economic growth in the U.S. economy with robust activity from consumers and businesses. With the government shutdown, Treasury will have critical employees to maintain its core operations at Fiscal Services, IRS, and other crucial functions within the department.”Following Mnuchin’s statement, several major US indexes dropped due to the fact that his words were viewed as off-base and arguably unnecessary in the grand scheme of it all. One analyst told CNN that “this type of announcement raises the question of whether Treasury sees a problem that the rest of the market is missing.” Why else would Mnuchin call executives from every major US banking institution on Christmas Eve? In addition to Mnuchin’s bizarre statement, I can’t imagine it being helpful that President Trump shutdown parts of the federal government until further notice. Though many understand that the shutdown will have no major effects on the US economy, investors and executives across all sectors are concerned with the inability of lawmakers and the current administration to set aside their differences and approve the federal budget. When describing Elon Musk, CEO of Tesla (TSLA) , SpaceX, and The Boring Company, many would use terms like “eccentric” or “a little out there.” While I recognize Musk’s eccentricity, Musk so much more than simply “out there.” He is an innovative revolutionary with the creativity to manifest tenable change and the bank account to make his ideas a reality. When Musk founded The Boring Company in 2016, his primary goal was to mitigate traffic in major cities by creating a network of underground tunnels, allowing for cars to travel both above and below the surface. The Initial Test Tunnel, as its called, is located in Hawthorne, California, and is currently being used for the research and development of The Boring Company’s public transportation projects, “Loop” and “Hyperloop.” As the company broke first ground on their tunnel in California, Musk thought of no better time to market the Boring brand. He decided to sell a line of very interesting products emblazoned with the Boring Company logo, the most notable product being the “Not-A-Flamethrower.” Originally retailing for $600, the price has now dropped to $500 per flamethrower with an added twist:The Boring Company is now accepting Bitcoin (BTCUSD), Ethereum(ETHUSD), Litecoin (LTCUSD), and Bitcoin (BTCUSD) Cash as forms of payment.Historically, Musk has never openly supported cryptocurrency, though he has had several “flirtations” with the blockchain payment system this year. In February, Musk discovered that several false “Musk” twitter accounts were scamming users into giving away their cryptocurrency. He said that he “literally owned zero cryptocurrencies,” and for crypto owners to be on alert for scammers. After delivering this warning, Musk admitted that he owns .25 Bitcoin (BTCUSD) that a friend sent him a while back. So what does The Boring Company’s accepting of cryptocurrency mean for the crypto market? Analysts are suggesting Musk’s move is one of many that will take place as cryptocurrencies are potentially on the verge of a comeback.The price of Bitcoin (BTCUSD) was unremarkable on Thursday, furthering a relatively consistent downward trend for the world’s largest digital currency. The value decrease of cryptocurrency has been the new normal over the last few months, but many believe bitcoin’s lull may be finding its end. Madi Greenspan, a senior market analyst at eToro believes that the market is on the precipice of watching bitcoin breakout once more. “It’s only a matter of time now. Of course, the flat-line pattern could easily remain for another few months, and that wouldn’t be a bad thing; however, there are signs of excitement boiling underneath the cool price action exterior.”As for the evidence backing up Greenspan’s curious claims, let’s turn our attention to the rising number of transactions per second. For those of us not familiar with how cryptocurrency works, join me for this brief, but informative, aside. All cryptocurrencies use “blockchain” technology, a framework purposed with decentralizing currency and reframing how transactions occur. Blockchain is a digital ledger of economic transactions that can be programmed to record infinite exchanges, while also keeping a record of every person a currency changes hands with. Imagine a spreadsheet that is shared between a thousand computers. Once you’ve done that, imagine that spreadsheet updating regularly to account for all interactions with the file. Attaching this technology to cryptocurrency removes the need for traditional banking systems to monitor transactions and a dramatic increase in fiscal transparency, given that all parties can view transaction history for each BitCoin purchased. Reverting our attention back to the wise words of Mati Greenspan, transactions per second, between various cryptocurrencies, are increasing, and this serves as a vital barometer for the “scalability of blockchain technology.” Industry experts have been concerned with the ability of blockchain to scale and meet the demands of consumers and creators of new coins alike. At the time of the dot-com bubble, Alan Greenspan, Chairman of the Federal Reserve, observed that investors were slaves to “irrational exuberance” surrounding the industry, and many believe this is the case with cryptocurrencies today. The price of bitcoin has been more erratic than a first-grader full of birthday cake, trading at $20,000 at its height and now selling for less than $7000. Many startups have looked into the viability of initial coin offerings (ICO) as a means for tapping into a liquid market without the need for intermediaries and funding their companies. Unlike IPOs, investors do not receive company stock. Rather contributors receive tokens that can be traded on crypto exchanges, according to the Brookings Institution. The future of cryptocurrency is dependent on the scalability of blockchain technology to meet the demands of consumers, as well as the commitment of long-term investors to see their investments in coins to the end. If the industry reveres Elon Musk as much as they do, perhaps his adoption of the coin as payment for The Boring Company is an indication that the crypto market is about to trend upwards. INT. Oval Office, President Trump, Treasury Secretary Steven Mnuchin, and Secretary of State Mike Pompeo enter the room, wearing matching “MAGA” hatsMnuchin: (delivering the punchline of a joke) And the bartender goes, “cookie, my favorite!”Trump: That joke was excellent. The best joke in the world. China doesn’t tell jokes. Pompeo: Good one, Mr. President. Now, Steven, joking aside, we wanted to tell you something.Mnuchin: Sure, I’m listening. Hold on, let me take these out of my ears (Mnuchin comically removes two coins from his ears)Pompeo: Not now, Steven, this is important. Now, I’m sure you’ve heard the news about Jamal Khashoggi, the journalist from Saudi Arabia?Mnuchin: Yes, I’m headed to an investor conference in Riyadh tomorrow.Sources can’t confirm that the above took place as described, but Treasury Secretary Mnuchin did announce Thursday that he was rescinding his participation in a “high-profile investor conference” in Saudi Arabia, likely because of the growing controversy over journalist Jamal Khashoggi’s murder. An administration official told CNN that no other government officials will attend next week’s summit in Mnuchin’s place. In response to the Treasury Secretary’s refraining from the conference, the recently jittery stock market took a turn down south. CNN reports that the Dow lost as many as 392 points, or 1.5%, on Thursday, as investors reacted to Mnuchin’s decision. Tech stocks followed suit, with Facebook (FB) and Alphabet () losing about 2% each, the Nasdaq falling 1.5%, and Netflix (NFLX) tumbling about 3%. Market volatility is in the air and residents of Wall Street are ready to cut their losses. Increasing fears of rising bond yields coupled with President Trump’s trade war with China sparked an onslaught of buyer’s remorse last week, the worst for all three major indexes since March, according to market analysts. Many believe Mnuchin’s announcement was based on rising tensions between the United States and Saudi Arabia over the situation surrounding missing Washington Post Journalist, Jamal Khashoggi. Khashoggi visited the Saudi consulate in Istanbul several weeks ago to file paperwork in order to marry his Turkish fiancee. The journalist, who in recent months began critiquing the Saudi government, never returned to his Turkish wife-to-be. An
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A pop star releasing music or photos is usually a cause for eternal happiness. But after five consecutive days of impromptu drops meant to promote her new single, “5 in the Morning,” Charli XCX is …
A pop star releasing music or photos is usually a cause for eternal happiness. But after five consecutive days of impromptu drops meant to promote her new single, “5 in the Morning,” Charli XCX is apologizing to fans. “Me and my friends really hustled to get all this stuff together in a week,” she tweeted after offering a free download to six remixes of the new song. “I’m sorry if it’s not what you were hoping for but I’m trying my best here.”It is approaching four years since Charli last released an official studio album. During one of the many fruitless build-ups to a new LP, Charli once told Zane Lowe “the albums out in May (of 2017). I’m sure I’ll just get bored and leak the whole thing before then anyway.” So when clean-cut studio singles began mysteriously appearing online last summer, with still no album release in sight, the train to Charli’s career left the station and long since found its way off the tracks with Charli, her label and an alleged group of hackers all claiming to be in the driver’s seat.While touring her last album Sucker in 2014, Charli took on a BBC documentary project that chronicled her perspective as a feminist in the music industry. She conducted her own interviews, backstage at festivals and in between sets, employing herself as a full-time filmmaker while fulfilling the role of a full-time pop star. Halfway through the tour, Charli had enough of the pop circuit. She stepped down from her headline spot, citing a need to create in order to return to a place of happiness. The “Boom Clap” and “Fancy” era of her career that saw her break onto pop’s main stage ended abruptly, if not uncharacteristically by the genre’s lofty standards.But Charli didn’t waste time getting back on the horse. She had met SOPHIE, the then-illusive internet producer, at a writing camp in early 2015 and only two weeks after what would have been her final date on tour the duo released their first collaboration. Charli traded in school uniforms and guitar licks for black latex and synth hits. Fellow UK producer A.G. Cook and his PC Music associates (described as a sonic “critique of late capitalism” by Pitchfork around the time) were also enlisted in what appeared to be a makeover, but was more of a callback to the earlier stages of Charli’s career when her music was made for Myspace and London raves. “Vroom Vroom” sutured whiplash to sugar pop, throbbing drums blasted from a lavender Lamborghini, doppler effect and all.SOPHIE and PC Music helped Charli craft her next full-length album, XCX3–the shorthand placeholder name for the project, her third studio record. As 2016 came into focus, Charli revealed the album had already been finished. “I’m just gonna put it out and the music can do all the press for me,” she mused at the NME Awards in February. Less than a week later, an EP extension of “Vroom Vroom” was announced as the imminent release.The project debuted on a newly established record label owned by Charli called Vroom Vroom Recordings. The decision laid the groundwork for her aspirations beyond the role of singer/songwriter but with a barebones website, minimal releases from its signees (RIVRS and Cuckoolander) and almost no social media posts since the summer of 2016, Vroom Vroom Recordings falls somewhere between a neglected pet project and a music shell company needed to free Charli’s new sound.On the first episode of her Beats 1 radio show “The Candy Shop,” Charli described a segment dubbed the “Marmite moment” where she would play a song that she loved, but her friends thought she was crazy for liking. “This is a song that’s gonna split people’s opinion, you’re either going to think I’m an idiot or you’re going to think I’m a genius–obviously the right answer is genius.”Vroom Vroom, a hard-hitting four track EP, would be the Marmite moment of Charli’s career and there’s little to suggest her (proper) label, Atlantic Records, did much else but spit it out. “Vroom was not us trying to appease anyone,” she explained to The FADER months later. “I think my label got afraid and I think a lot of people were confused. But I just felt that I wanted to–I just wanted to do that.”The project’s biggest impact was on Charli’s fanbase. Listeners who began following after the film The Fault in Our Stars were likely tuned out. Devotees saw the change as exciting growth that was simultaneously grounded in her early career while PC Music fans praised the collaboration as deserved mainstream attention for their underdog sound. This new era of her career melded fans who not only enjoyed the Marmite, but wanted to injected it into their veins.Live performances in 2016 teased what sounded like the full length cut to Charli and Sophie’s collaboration (heavyweight producers Stargate and BloodPop were later confirmed to be involved as well). Unreleased songs like “No Angel,” “Taxi” and “Round and Round” had those in-tune with the new sound paralyzed in euphoria, awaiting an elctro-pop coup de grace that never came. Instead, they got treated to a track with Lil Yachty on Halloween.Ending the year with “After the Afterparty” was a reminder of Charli’s mainstream commitments. After eight months of unsupervised fun, the party was put on hold. Charli promised a May release date for her album while on the record with Zane Lowe and hummed about leaking it before then anyway.The next leg of the “After the Afterparty” press tour, about a month later, delivered a more concise stump speech. In an interview with Entertainment Weekly she revealed the Sophie-led album was still in the cards, but the live teasers like “Taxi” were now simply demos with no place on the project. Again, Charli slipped in the idea of a leak. “I don’t know how many (songs we recorded), but we did a lot. It’s cool because we can pitch them or leak all of them or whatever.”A month later, at the start of 2017, the goal posts to the album were still moving. Charli told Rolling Stone that half of the project would resemble the “After the Afterparty” sound, in what felt like a compromise with the label for a more feasible follow-up to Sucker.Charli didn’t pull any punches looking back on her previous LP soon after. “I made some rash decisions with Sucker,” she told Q Magazine the same month. “Like the song ‘Break The Rules.’ That song was so bad. I hate it… I was like, ‘Whoever sings this song is an idiot’… Cut to: four months later, it’s on my album and it’s my new single. I fucked myself.”The “half and half” directive would soon make a high-stakes debut on Jimmy Kimmel Live! where Charli performed “After the Afterparty” and a new track simply dubbed “Bounce.” With A.G. Cook—now her creative director—laid passed out on stage, Charli delivered a cheery but mellow performance of the former before letting loose on what felt like the main event. “Bounce” fired DJ hype lyrics and a radiant chorus through Cook and SOPHIE’s strobe light, rubber wrecking production, predictably unmarketable to the average late night talk show viewer while her fans watched on in awe.The TV spot was likely the first nail in the shelf to the SOPHIE version of XCX3 as both performances have been largely scrubbed from the web. A week later, back at the NME Awards, a familiar tale unfolded as Charli brushed off talk of a new single or any album-related info. Instead, she revealed a forthcoming mixtape produced by Cook. Between her rampant recording schedule and not wanting to let fans down, the project would parlay while the label weighed another delay to whatever was becoming of the album, post-late night market test. Frustrated by apparent pushback on the idea, Charli would tweet a week later, “You have no idea how fucking hard it is to just release a free fucking mixtape in 2017.”Number 1 Angel would see the light of day in March (for fucking free, no Number 1 Angel Recordings needed) with little external promotion. The sound combined Cook’s PC Music expertise with Charli’s pop affection. Tracks like “3AM,” “Roll With Me” and “Lipgloss” were a continuation of the sticky “Taxi” sound from the previous year, coupled with moodier romantic takes as a centerpiece. At times, Number 1 Angel sounded like a project put together in only a few weeks, but more importantly, it was Charli doubling down on the PC Music sound and honing in on a more fluid music identity.The prospect of a May album being released only two months after the mixtape hadn’t been officially ruled out, though it did seem unlikely. I reached out to Atlantic Records in April about any forthcoming press opportunities, hoping to gauge if an album was still in the cards, but was quickly spun onto more timely clients, mostly David Guetta.Charli’s next label-backed move was, however, already inked at the time. She mused on Twitter about a perfect world where she could tour with her friends and collaborators, including Cupcakke, Brooke Candy, Dua Lipa, MØ, Abra and Tinashe. A few days later, she was announced as the opener for Halsey’s upcoming fall tour, third on the ticket below PartyNextDoor.Shortly after the release of Number 1 Angel, a member of the
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Distributed Content Delivery and Cloud Storage Various blockchain projects are trying to solve one challenge in decentralizing the internet: distributing content itself. Blockchains are distributed …
Distributed Content Delivery and Cloud Storage Various blockchain projects are trying to solve one challenge in decentralizing the internet: distributing content itself. Blockchains are distributed databases storing an immutable history of cryptographic signature transactions, representing transfers of value on the network. This has brought trust and honesty to entirely decentralized currency, though the detractions to versatility are nearly twofold: blockchains grow rapidly as transaction blocks are added over time, resulting in the current size of the bitcoin blockchain which, at time of writing, is roughly 95 gigabytes. Because of this scalability issue, many regular users cannot run full and independent network nodes because they cannot accommodate the space required to store the entire blockchain, despite it being composed of blocks no bigger than a single MB. This means that though blockchains are very useful for solving certain problems, storing any more complicated data on a blockchain would be enormously inefficient. Despite blockchains being plagued by this size issue, and having use only for storing tiny cryptographic signatures of transactions and transfers of value, distributed ledgers still have much to offer to the fields of cloud storage and data delivery. Blockchains have proven useful for establishing trust and authenticity for a framework below decentralized applications. Users around the world collectively carry enormous amounts of unused space on many devices. By using blockchain as a decentralized management system on which to build decentralized apps, it is possible to harness this collective storage power to create a field of blockchain based peer-to-peer cloud storage and data delivery networks. On these platforms, users can rent out storage or bandwidth to other users on the network and be compensated for their service offered to the network with crypto assets. Following is a table comparing several blockchain based peer-to-peer cloud storage and content delivery platforms: The Internet has become one of the most significant sources for consuming media content in the modern world. To help satiate the voracious demand for web content, Content Distribution Networks are used. These networks of dedicated servers distributed around the globe employ techniques such as edge caching and route optimization to participate solely in uploading and sharing media at lightning speeds, optimizing access to digital content for worldwide internet users. Generally, large companies such as Netflix own specialized content distribution networks composed of many dedicated servers, while smaller businesses can rent content distribution network space from companies such as Akamai. Another significant service in today’s digital landscape is cloud storage, which will be used by an estimated 1.8 billion users worldwide in 2017. Put simply, cloud storage refers to rentable storage space accessed over the internet. Most online applications already engage cloud storage. For example, documents, images, and emails accessed through web applications like Dropbox or Gmail aren’t stored on your physical machine, they are stored in the cloud. Though cloud storage refers simply to storage offered over the internet, and content distribution networks are servers located geographically to deliver content quickly, combining CDN and cloud storage infrastructure is also common. Though large companies with datacenters and servers generally lead the cloud storage and CDN space, there has also been an emergence in entirely decentralized distribution networks and storage alternatives used by millions of users around the globe. For example, Bittorrent, an internet peer-to-peer content distribution protocol, accounted for more than a quarter of all upstream traffic in North America last year, according to a study by Sandvine, a Canadian broadband company. The Bittorrent protocol enables the propagation of “torrent files[1]” using “swarms,” or networks of computers simultaneously downloading and uploading .torrent files without a central coordinating server. Because Bittorrent downloads are distributed amongst an enormous number of participating peers, controlling this peer-to-peer traffic is far more difficult than blocking traffic coming from official distribution servers. This is the reason Wikileaks releases sensitive content over Bittorrent, and pirating media content proliferates upon the peer-to-peer protocol – the reason Bittorrent has become nearly synonymous with pirating.[2] Decentralized content distribution, such as that provided by Bittorrent, has very legitimate benefits as well. For example, the Bittorrent protocol is used by organizations to provide alternative downloading methods to their users. Linux distributions are often released over Bittorrent, and the Blizzard gaming company offers a Bittorrent alternative for software updates. Releasing content on peer-to-peer distribution networks is a cheap solution for individuals and businesses, and by distributing bandwidth occasionally offers faster download speeds than centralized servers. Decentralized datasets and ledgers, also referred to as Blockchains, present additional examples of the great benefits of peer-to-peer technology. Blockchain has revolutionized the way we look at Fintech, realized the concept of decentralized and autonomous organizations, and provided solutions for decentralized supercomputing, to name a few of the many recent innovations. Because data storage, and content and media delivery is becoming ever more distributed, blockchain solutions could revolutionize content delivery, data storage and media platforms as well – which is exactly what the following projects are seeking to deliver to the blockchain space. DECENT is a decentralized content distribution network designed upon an independent blockchain, targeted towards content creators and authors. Instead of content creators trusting distribution to publishers who often exert influence over artists creative and financial freedoms, the DECENT blockchain assumes this role. The DECENT blockchain is essentially a blockchain publishing intermediary, handling everything from the secure distribution of media, to the payment of authors and distribution nodes, and maintenance of content creator’s reputations. Content creators release cryptographically secured digital media – ebooks, videos,
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Please do not replace or remove without starting a new thread. Token Black and Token Crip. The Token Minority is a character designed to get more minority groups into the plot. This serves several …
Please do not replace or remove without starting a new thread. Token Black and Token Crip. The Token Minority is a character designed to get more minority groups into the plot. This serves several purposes: Allows the producers of the show to broaden the appeal of the show by giving more viewers protagonists they can identify with. Is useful for bringing in discussions of racial issues, gender issues or homophobia into the plot. Helps the producers feel a little better about using a Scary Minority Suspect in every other case. Allows the producers to make race jokes related to minority without any shame. Allows the producers to avoid criticism from minority groups. Fulfills the executives' desire for the show to be more ethnically respectful. Depending on the setting, it can merely be an accurate representation of demographics in that region or industry. In some casts of animal, alien, or monster characters, World of Funny Animals or not, there is a majority species and one or more minority species. Often the majority of the animal cast is made up of mammals and there is a token non-mammal. Usually, the token non-mammal is a bird, but reptiles, amphibians, and even invertebrates are certainly not unheard of. Sometimes, there are token Petting Zoo People in a group of Funny Animal /Civilized Animal tier animals. Sometimes, there are token animals, aliens, or monsters representing ethnic minorities in a group made of supposedly "white" ones. You might see this term used derisively in most contexts. This isn't out of contempt for minorities; this trope simply causes problems with representation, where, for example, the single black guy is forced to be exemplary of his entire race. This is very likely to lead to Positive Discrimination and make him The Scrappy . If there are instead four minorities (assuming a sizable cast), they can all have different strengths and flaws which round them out and make them generally equal to the rest of the cast. Taking this approach, Unfortunate Implications are unlikely to happen unless you somehow subject them all to the same stereotypes. You can even have one be explicitly antagonistic. However, this can be Truth in Television in cases where the prevalence of the minority, combined with the size of the cast and the demographics of the setting make it genuinely unlikely that there will be more than one member of the minority present (not that this would justify stereotypes, but it would justify having only one minority). For instance, a show set in rural Maine would strain credulity if its cast of five main characters included multiple racial minorities (simply because rural Maine is overwhelmingly white), and a show set in the American Bible Belt would have a hard time convincingly justifying multiple self-professed atheists in a cast of ten (unless a major theme of the show is nonconformity or religious/atheist tensions). Compare Captain Ethnic , Token Nonhuman , Token Human , Token Enemy Minority , Token Minority Couple , Token White , Twofer Token Minority , Five-Token Band , Informed Judaism , Black Vikings , Black Best Friend , and The Smurfette Principle . Examples: open/close all folders Advertising TV Ads in Australia sometimes have this (especially in "hip" young thing products like Coke). May have 1 Asian Woman, 1 African Woman, 1 White Girl, 2 White Guys and 1 Aboriginal or Middle Eastern Male. Target ads are particularly well-known for this. There will always be one blonde white girl, one brunette white girl, one Asian girl and one black girl. Always. University brochures also do this. You'll always see at least one black person and Asian person for every two white people. In brochures for traditionally black schools, there's a token white on every page. Further proof that Covers Always Lie. A controversy erupted after it was revealed that a photograph used to adorn the front of a University of Wisconsin-Madison undergraduate application booklet for the 2001-02 school year was altered to add the image of a black student among a sea of white faces. A Veet ad has this. When they state that eight out of ten women were happy with the product, they showed a lineup of eight women with one of them being black. Curiously, they are all dubbed over with the same voice. Anime & Manga Poor Hans, in The Daughter of Twenty Faces, is seemingly the only non-Japanese member of a group of burglars led by Gentleman Thief "Twenty-Faces" that is ostensibly a globe-trotting organization. He often uses Gratuitous German, to boot. Super Dimension Fortress Macross/Robotech had Claudia Grant/Claudia LaSalle, apparently the only black woman on the entire ship. Super Dimension Cavalry Southern Cross had Bowie Emerson, seemingly the only black man on the entire planet Glorie. In Robotech, he was re-written to be Claudia's nephew (and given a new surname of "Grant"). Rakshata and Viletta of Code Geass, as they're the only Non-white/Chinese/Japanese characters of any plot importance, and of the two, Rakshata is the one who gets played in a more positive light. Of the others, we have a supposedly elite pilot who dies mere seconds after she first appears on screen, and King. And Nunnally fits in to the paraplegic category. Mobile Suit Gundam 00: In the first season of Gundam 00, Daryl Dodge has the honor of being the only black person at all. He's also killed off in episode 23. Season 2 does introduce another black man as president of the Earth Sphere Federation, although that might be more to reflect the real world than tokenism. However, he has little impact on the plot. A minor example with Setsuna F Seiei-whilst he does appear to fit this trope both within Celestial Being and in the wider Gundam metaverse in regards to protagonists, his middle eastern homeland forms a two episode story arc in the first season and plays a large role in his interactions with the princess of a neighbouring country. However, the middle eastern aspects of the story only serve to represent the region and 21st century problems to Japanese audiences, and beyond that, has no real importance to the story as the series progresses. Mobile Suit Gundam 0080: War in the Pocket has Professor Lunland as the sole black character, and Gabriel as the sole Latino. Mobile Suit Gundam ZZ has the black Shinta and Ambiguously Brown Qum, but that's about it. Later in the show, Judau ended up befriending a young pilot from Africa, but his time on the show was very brief. Simon is the only black character in Durarara!!, though a black gangster is also seen in the episode "Heaven's Vengeance". It's also implied that minor character Tom Tanaka might be part black, though it's never clarified either way. Sailor Moon: Elza Gray was the only black character in Sailor Moon. There was also the Ambiguously Brown Sailor Pluto, depicted as noticeably dark-skinned in comparison to other Senshi, and moreso in the manga. Some say she's of Romani descent. Indian student Akira is the only non-Japanese member of the main cast of Tsuritama. Kate, the grandmother of one of the other protagonists, is French, while several black and Arabic members appear in the show's villainous Cosmopolitan Council. Bob from Tenjho Tenge would count as this. He's the sole black member of the otherwise Japanese cast. Similarly, Central High's Vice President is the only black character in Daily Lives of High School Boys. Understandable since the series is set in a small Japanese town, and usually it tends to be large cities that take part in student exchange programs with other countries. Yasutora "Chad" Sado in Bleach is half-Japanese, half-Latino in an otherwise manga-typical all-Japanese cast. Jun Hono, the half-black, half-Japanese pilot from Great Mazinger and Mazinkaiser. Jose Rodriguez, the nerdy Afro-Latino doctor from Kyo Kara Maoh! Mikasa from Attack on Titan is one of the very few Asians alive, if not the last one, at the time of the story. She serves as a deconstruction; she's a token minority because her mother's people have been nearly wiped out. The fandom sometimes jokingly speculates that she's the beneficiary of Conservation of Ninjutsu because of this, resulting in Positive Discrimination. It's ultimately subverted when we find out that Levi's surname is Ackerman, indicating that Mikasa's badass qualities are inherited from her European father's lineage, not her Asian mother's. Choe Gu-Sung from Psycho-Pass is the only Korean character in a series that takes place in Japan. In Saki, an inversion happens for Rinkai, whose mahjong
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