Cryptocrunch News offers daily ICO, and cryptocurrency news with a focus on legislative changes, revolutionary new technology, and investment opportunities.

Category: Cryptocurrency News

 

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Future Developments

by Joshua Stoner June 24, 2018

The cryptocurrency market has been painful to be a part of over the course of 2018. The industry has been subject to several hacks, advertisement bans, bank crackdowns, and more. Despite all of this, the fundamentals of Bitcoin remain as strong as ever. The following are just a few of the many reasons that this bear market will not last forever.

 

 

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You might be a miner, and not even realize.

written by Joshua Stoner June 18, 2018

A current problem, and stain on the cryptocurrency world is known has crypto-jacking.  This refers to the process of utilizing someones computing resources without permission.  Mining cryptocurrency is a very expensive endeavour.  One must procure the hardware, provide housing, use electricity, and perform custodial duties on the setups.  Instead of investing in this form of mining, criminals are embedding a software known as CoinHive on websites.  CoinHive is simply a JavaScript miner, that when embedded in a website, will use visitors processing power to mine Monero or similar cryptocurrencies.  A portion of the proceeds goes to CoinHive, while the person responsible for embedding the script will collect the remainder.  Just like that, the owners of the website are creating a passive form of income.  They are doing so by essentially stealing from the visitor of the website, as they do not give permission for their computer to be used in such a way.

 

E-Bizda International Business Directory Cryptocrunch News

CoVEX – A One Stop Shop

written by Joshua StonerJune 17, 2018.

CoVEX is a new platform, launching in October of 2018. Their goal is to develop a platform that combines not only the traditional features found in cryptocurrency exchanges, but to meld them with new innovative ones

CoVEX is combining machine learning and blockchain technology to provide multiple features that will appeal to investors of every level. What they are calling ‘Social Trading,’ will allow for successful investors to be rewarded for sharing their portfolios with novices on the platform. The successful traders are identified by past performance via a machine learning algorithm. By sharing their portfolios and allowing copy-trading, these traders will benefit by receiving CoVEX tokens in return. Novices benefit by being able to watch, learn, and make smart trades by mimicking a professional.

The CoVEX token, which will be used as an incentive to successful traders, will also benefit any of its holders, as it will allow for a reduction in trading fees when held. The token itself will be based on the ERC-223 standards.

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