March 29, 2018

Paytomat Announces Launch of Its Public Pre-Sale and a 10% Bonus for Whitelist Members

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Paytomat announces launch of its public pre-sale and a 10% bonus for whitelist members

Changpeng Zhao CEO of Binance

Changpeng Zhao CEO of Binance, best known in the crypto community by CZ, is the man of the moment in the crazy world of digital currencies. After eight months of operating at full throttle, this brokerage is nothing short of the greatest crypto broker , but one can not help but foresee is also one of the favorite targets for daring hackers. Following an attack last month, Binance issued a statement explaining that the attack had been restrained and all transactions were reversed and even injured the perpetrators.

How does CZ keep his company safe from this type of attack?

There are rumors on the internet that Binance constantly changes its offices and servers and gives specific instructions to all its affiliates and operators to maintain confidentiality in social networks, thus increasing their chances of defense against many types of attacks that may be orchestrated against a company of this size, criminals or government. It is assumed that a successful attack could take the business completely to ruin as we have seen previously with other cryptocurrency brokers, namely what happened to MontGox and its 400 million dollars in BTC (bitcoin) frozen by the authorities.

A famous digital crypto investor and analyst, Tuur Demeester, has launched a tweet in a wake-up call for the community to set eyes on this brokerage firm as it seems to operate on the edge.

This is not the first time that the community has received warnings about Binance, despite having a high-quality platform and excellent service, authorities complain of lack of transparency on the part of the company.

“Binance has no regulation and transparency,” said David Shin, president of Singapore-based Asia Fintech Society. “It’s as if a van stops in front of an office building selling coffee, while the legitimate cafes on the street suffer”

With all this, we now have a clearer idea why Binance decided to move its facilities to Malta on 22 March, CZ not only hides servers from possible Hackers / Crackers attacks but also protects his company against unnecessary legislations.

You can watch the full article at https://goo.gl/ELJwRr

We are not criticizing binance posture, BullRunICO only feels the sense of responsibility to bring transparency to the crypto community.

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April 2, 2018

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March 29, 2018

London Block Exchange Adds Ripple, More Coins to Follow

Coinjournal London Block Exchange Adds Ripple, More Coins to Follow London Block Exchange (LBX), the U.K.’s only multi-cryptocurrency over-the-counter exchange, has announced that it has added Ripple’s digital asset, XRP to its list of coins […]

December 22, 2017

Bitcoin’s Average Transaction fee Surpasses $50 as Network Issues Remain

Without sounding like a broken record, the bitcoin network fees are getting more ridiculous. Although this issue has been present for some time now, things are not improving. In fact, the average transaction fee is now well over $50. This is the highest it has been for quite some time. When and if this solution will be resolved, remains to be determined. Right now, it seems unlikely anything will change soon.

Using bitcoin is expensive beyond belief. It is not what Satoshi Nakamoto envisioned originally, that much is rather evident. In fact, the goal was to make bitcoin scale and accommodate more transactions over time. So far, that hasn’t happened. This is mainly due to companies struggling to integrate Segregated witness support. In some cases, they are purposely delaying this development as well. Something will have to give before the average transaction fee surpasses $100.

Average Transaction fee Keeps Rising

Although most people stopped caring about these high fees, it’s still an important issue. After all, if the average transaction fee keeps rising, things will get out of hand very quickly. Right now, it’s far too expensive to use bitcoin as a payment method. Nor is it a suitable way to combat high remittance fees. bitcoin has become too expensive for its own good and people grow tired of it. Unfortunately, paying this average transaction fee is the only solution right now.

Surprisingly, none of this is affecting the number of transactions. With nearly 350,000 processed in the past 24 hours, things are still looking good. Moreover, nearly 11% of the total market cap was transacted in the past day. Those numbers are still positive despite the glaring issues bitcoin brings to the table. It also seems the average transaction value is on the rise. This may be due to the average transaction fee mounting. Otherwise, it would make little sense for users to even spend BTC.

How all of this will pan out, is a big question. After all, it is evident this average transaction fee has to come down. Enforcing such a change will not be easy whatsoever. In fact, it may require some drastic changes no one is willing to pursue. All of this also makes bitcoin Cash look far more superior. The next few days and weeks may very well be critical to bitcoin’s survival in terms of being a “useful currency”. For now, things can easily go either way. It’s still a good store of value if you can stomach 30% dips overnight.

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