Kim Grošelj, Author at 2100NEWS

Kim GrošeljMay 4, 2018

4min729

Global trustchain connecting
performers to gigs and brands
to audiences


 

Isn’t it nice when people can find a paying audience for their talents and monetize their time spent on hobbies? MDL will make it easier!
MDL Talent Hub is the ecosystem designed to facilitate the talent sourcing market. Insightful expertise in both IT technologies and the entertainment industry allows them to bring the most efficient and effective medium for collaboration between artists, bookers, and brands.

 

What is the MDL Token Hour Economy?

Sky Fiber blockchain technology allows the accumulation of token hours for holders of MDL tokens. The mechanism is simple — if one has 1 MDL token, after 1 hour he or she gets 1 MDL token hour, if one has 10 MDL tokens, after 1 hour he or she gets 10 MDL token hours. The more MDL tokens you have and the longer you keep them, the more MDL tokens hours can be accumulated.

 

The purpose of token hours

In Skycoin blockchain as well as in other Sky Fiber chains, coin/token hours are used to pay for transactions, This secures the system from micro transaction flooding. While this was the initial purpose of token hours, their nature allows them to have much wider utilization spectrum within the Fiber ecosystem projects.

 

Some unique specifications of MDL token hours.

  1. MDL Token Hours are accumulated at a constant pace.
  2. MDL Token Hours are not tradable. This will increase both MDL Token value and the stability of MDL Token hours.
  3. Token Hours are burned when used, so they don’t transfer value
  4. MDL Token Hours are burned through each transaction of MDL Tokens.
  5. MDL Token Hours can be used in the MDL platform to buy extended functions, boosts, and customizations that have either a temporary or permanent effect.

 

Examples of MDL token hours usages

Here is why token ours are interesting for speculative MDL token holders:

The more platform users want to keep their MDL token to accumulate enough token hours for constant update of boosts and extended functions, the lower the supply for MDL becomes. This means the MDL Tokens increase in value!

Their mission is to make a balanced ecosystem economy so that users without any MDL tokens will be able to benefit from MDL Talent Hub without limiting our market expansion. In the meantime, they also want to educate and make it attractive to purchase extended functions, boosts, and other features with MDL token hours, so that speculative MDL holders will benefit too.

If you have more questions about MDL Token Hours you can read whitepaper, check out website.

 

MDL Wallet

MDL Talent Hub also has their own wallet, which is easy to use.

https://www.youtube.com/watch?v=wMAEpBB79uk


Kim GrošeljFebruary 4, 2018

1min387

2100NEWS ICO PRE-SALE!

We have just opened the Pre-sale for our ICO. You can join at https://www.2100news.io/.

2100NEWS will create the first blockchain based news platform for the decentralized economy. Delivering business and market news, data and analysis from the world of cryptocurrencies and tokenised enterprises.

In addition to publishing our original and crowd-sourced and crowd-vetted content, our platform will serve as a depository for disclosure of authorized price sensitive information from token issuing companies.

 

ICO pre-sale


Kim GrošeljJanuary 27, 2018

4min301

One of the largest Japanese cryptocurrency exchange – Coincheck, was the victim of a massive hack resulting in a loss of 523 mln NEM coins, worth approximately $534 mln.

The coins were stolen through several unauthorized transactions from a hot wallet at 3:00 am local time on Friday, Jan. 26.

Following the hack, the Coincheck exchange has hosted a press conference to provide the details of what has happened and what’s coming next.

Private key was stolen

The hack only involved NEM, no other cryptocurrencies.

According to the representatives of Coincheck, the hackers stole the private key for the hot wallet where NEM coins were stored, enabling them to drain the funds.

All the stolen money belonged to the customers of the exchange. The ‘inappropriate’ movement of the funds was reported by Coincheck to Japan’s Financial Services Agency, as well as the police later on the same day.

Shortly after the breach, the company halted all withdrawals from the site. It wanted to stop any further damage to its funds. When asked whether they will begin allowing “at least” fiat currency withdrawals soon, Coincheck replied that that will be done after they have determined the best way to proceed.

It has come to light that the funds were being stored on a simple hot wallet. Not on a much more secure multisig wallet.

Representatives of Coincheck have claimed that the security setup differs between various coins on the exchange.

Other cryptocurrencies on the site are currently stored in multisig wallets, but the NEM was not. When pressed by the media, the company insisted that “security standards were not low,” however the lack of multisig protection for NEM may indicate the opposite.

The company made clear that they use various wallet types for housing different assets. Specifically, Bitcoin and Ether are stored in cold storage wallets, with Bitcoin additionally having a multisig address. Ether, “given its nature,” is not stored on a multisig wallet.

According to their statement, more than half of Coincheck’s 80 permanent employees work on systems development, including security.

What now?

Coincheck claimed that it knows the address where the stolen NEM is currently being stored by the hackers. It is hoping to be able to track the culprits.

The company cannot currently disclose how many users were affected. They have, however, expressed a desire to refund all the money that was lost.

When asked whether they are going to resume operations or will have to declare bankruptcy, Coincheck said that ‘in principle’ they plan to keep operating.

The exchange has expressed a desire to refund all lost funds. They nevertheless are still considering how to approach the situation. Per the press conference, the “worst-case scenario” would be that the funds can never be returned.

When asked whether they have any words for the customers, Coincheck representatives have said that they “deeply regret” what happened.


Kim GrošeljJanuary 26, 2018

5min324

TokenStar is a decentralized platform which was built on the Blockchain, its purpose is to connect celebrities with their fans and advertisers. Celebrities can now introduce million of new users to the crypto industry to further drive the adoption of technology.


15 celebrities are already using this platform, like football champions Lothar Matthäus and Gianluca Zambrotta, Hollywood photographer Rico Torres and NHL top-scorer Nikita Kucherov, Token Stars targets a global celebrity management market topping $100+ bln. This startup aims to disrupt the monopoly of the top 10 talent management agencies controlling over $25 bln in contracts. Redfoo (LMFAO), a popular American DJ, hockey star Pavel Datsyuk and Bitcoin evangelist Roger Ver are already using the first platform to raise money through a Blockchain-based charity auction.

TokenStars is already working

The team platform is live and it integrates 12 major modules which are divided into 4 layers by function. Blockchain technology guarantees that a platform can provide transparency and scalability. It can also successfully compete with today’s highly lucrative celebrity management industry.

Crowdfunding is the 1.st layer and it’s already live. It includes units targeted at celebrity keen to raise funds from fans, to get advertising contracts or to support charity initiatives. And also at fans that want to become part of the team ecosystem.

TokenStars has already arranged two brand contracts. The contests and charity module launched in December 2017, and it’s currently powering the Charity Crypto Auction. Celebrities donate some of their personal items, they sell all of them at the auction. Memorabilia items from Redfoo (ex-LMFAO), crypto-star Roger Ver, and biathlon Olympic champion Tarjei Boe are just some of the items they sell.

No high fees for agents anymore

A lot of celebrities, including Paris Hilton, Jamie Foxx and Floyd Mayweather, have already endorsed various projects on Blockchain or publicly invested in ICOs. The most of endorsements are merely ad contracts and do not represent the actual involvement in the $500+ bln crypto market.

This celebrity management platform powered by the Blockchain could help stars connect with fans and advertisers directly without having to deal with agents who charge high fees. Built on Ethereum, TEAM by TokenStars aims to streamline the way brands, fans and celebrities interact with each other, whether it’s an endorsement contract, fan competition or a merchandise shopping.

The end goal is different for all community members. An aspiring celebrity gets upfront funds to drive a career from their avid fans or via hard-to-get advertising contracts. An already established star can find new revenue streams. They can do that by selling merchandise or exclusive communication options to fans. They can start a contest or a charity initiative or find new sponsors.

In return, the celebrity pays TokenStars a commission from the sponsorship deals and prize money. They pay commission in tokens, which they buy on exchanges. The growth of token value is a strong incentive for token holders. Token holders are awarded for scouting and voting for the rising stars. As a result, TokenStars aims to become a one-stop-shop for celebrity management actions.

Utility token

Team by TokenStars is the utility token used in activities on the TokenStars platform. It includes agency commission repayments from advertisers and celebrities. It offers exclusive incentives to fans, and rewarding users for scouting rising stars. To ensure all activities performed on the platform are verifiable, TokenStars leverages the perks of Blockchain technology. The decentralized model ensures low money transfer costs and fast transactions. That empowers the global community to participate without involving third parties.

What are your thoughts about this platform? Leave us a comment below!


Kim GrošeljJanuary 22, 2018

3min421

IOTA wallets were hacked, they stole Millions. Individuals have been left with emptied wallets due to malicious websites providing users with a new wallet seed.

Two days ago, many users reported having their funds in their IOTA wallets stolen from an unknown source. The cause? Online seed generators. The damage is estimated on around $4million. Online seed generators for IOTA are websites that provide users with a quick solution to generate a new seed for their IOTA wallet.

When you create your IOTA wallet you have to create 81-character seed rather than generation being baked-in. There are workarounds as outlined by the HelloIOTA website. It includes using an IPFS seed generator or creating a key using either the Mac or Linux terminal.

The top hit for online seed generation for IOTA wallets has since taken down its website. It left a message simply stating “Taken down. Apologies.”. The generator would require viewers to move their mouse around to “generate randomness,” and then provide a seed that fit the requirements of an IOTA wallet. It also provided a version of the seed encoded as a mnemonic phrase as well.

According to a blog post from a Network member – Ralf Rottmann, the attackers deployed a DDoS attack against popular IOTA fullnodes. They left victims of the hack unable to rescue any of their funds:

The attackers knew the seeds. You invited them into your wallet, by handing them your keys on a silver platter. The community of fullnode operators is discussing various strategies to better protect public community nodes from this specific and similar DDoS attacks in the future.

The IOTA community has been quite clear about online seed generators. They encouraged users to change elements of the seed in order to prevent any vulnerabilities. They have also been repeatedly pointing to the fact that the vulnerability has nothing to do with IOTA’s technology and rather just seed generating services.

IOTA has gone through a bit of drama in a past few months. Especially with their Microsoft partnership clarification after a botched press cycle and patched vulnerabilities found back in the fall. In October, the IOTA team also took custody of at-risk funds due to another vulnerability with the use of a snapshot.

Although quite ambitious, the tangle seems to always be tangled up in controversy.


Kim GrošeljJanuary 18, 2018

2min425

More and more companies are using blockchain technology and invest in cryptocurrencies. The latest company that entered into this world is Chinese e-commerce giant Alibaba.


 

Reports told us that this online shopping company is launching its own crypto mining platform called P2P Nodes. In this month China also vowed to take the measures on crypto mining, peer-to-peer trading, local and international trading platforms, services and groups.

P2P NODES

But there is only a little information about the real intention behind their move. Some have speculated that the system could provide cloud mining services for its customers. They registered P2P Nodes in October 2017, one month after the government banned crypto exchanges in the country.

Local media posted the story, which said:

Alibaba has recently launched a virtual currency mining platform “P2P node”, from the terms of the service agreement terms platform, the main operating platform is Alibaba East China Ltd. It is reported that the company on October 10, 2017, has been completed registration, registered in Nanjing.

Alibaba also suggested that they will use blockchain technology and cryptocurrency in the company’s e-commerce platform in the future.

 

ALIBABA WON’T DEVELOP IT’S OWN COIN

Chief of Alibaba – Jack Ma, has reservations towards the crypto world. This apparent U-turn is a bold move in a country that prohibits all forms of crypto trading.


The billionaire mogul said:

 

I said honestly, I know very little about it, and I’m totally confused. Even if it works, the whole international rules on trade and financing are going to change completely.

Currently, there is no hint that this online shopping company is planning to develop its own cryptocurrency. But Alibaba is obviously looking into crypto technology to improve their business operations.

 


Kim GrošeljJanuary 15, 2018

3min287

Bank Indonesia published a press release on Saturday.  It stated that cryptocurrencies are not a legitimate method of payment in the Republic of Indonesia.

“Financial transactions conducted within the territory of the Republic of Indonesia, has to be fulfilled with Rupiah,” the currency act states.

As a result, the central bank said that payment firms are not allowed to make virtual currency transactions.

The central bank states:

“Bank Indonesia affirms that it forbids all payment system operator (principal, switching operator, clearing operator, final settlement operator, issuer, acquirer, payment gateway operator, electronic wallet operator, money transfer operator) and financial technology operators in Indonesia, both bank and non-bank institution, to process transactions using virtual currency, as stated in Bank Indonesia Regulation No. 18/40/PBI/2016 on Implementation of Payment Transaction Processing and Bank Indonesia Regulation No. 19/12/PBI/2017 on Implementation of Financial Technology.”

The central bank predicted that they will ban Bitcoin transactions in early December last year.

 

On the 20th of the same month, the bank issued a new regulation on Implementation of Financial Technology . Because of concerns over Bitcoin’s potential use in terrorism financing, money laundering and drug trafficking.

In its latest warning, Bank Indonesia also warned “all parties” that buying, selling or trading cryptocurrencies come with “high risks,” . They are, they say, “highly volatile” and do not have backing from an authority, or underlying assets to support prices.

The note says:

“This means that virtual currencies are vulnerable to bubble risks, and susceptible to be used for money laundering and terrorism financing, therefore can potentially impact financial system stability and cause financial harm to society.”

 

With this new notice the Central Bank Indonesia joins a number of global central banks in issuing warnings. As the prices of cryptocurrencies have soared amid what many in traditional finance have labelled a bubble. Countries including the U.K., India, Russia and more have recently cautioned investors and traders over the perceived risks involved in cryptocurrencies.

 


Kim GrošeljJanuary 8, 2018

3min357

Cryptocurrencies have become so popular lately that the demand for them has overloaded many cryptocurrency exchanges. Because of the massive influx of new users, some of the most popular exchanges like Binance, Bitfinex, and Bittrex have had to suspend new user registrations.

In the second half of 2017, cryptocurrency exchanges posted record numbers of user signups. Binance is reporting the addition of 250,000 new users per day. While Coinbase has reported numerous days of 100,000+ new user registrations with Kraken boasting of 50,000 new users per day.


This incredible demand for digital currency is overwhelming the infrastructure of many cryptocurrency exchanges; with some such as Kraken, experiencing major usability problems throughout 2017.  The exchange has responded by disabling some of its advanced order types, reducing price precision and initiating a major system overhaul.

Bittrex was one of the first exchange platforms that had put a halt on new users signups.  Back in December 2017, an alert from this US-based exchange said:

“We have received an enormous number of new account registrations over the past few weeks.”

Bitfinex and Binance also had to make similar decisions. New signups to Bitfinex will be welcomed by a window stating that new account creation has been paused.

Part of the message says:

“Thank you for your interest in opening a Bitfinex account. However, due to extraordinary demand, new account creation has been temporarily paused.

Bitfinex focuses on serving professional traders. The reason we have decided to temporarily stop accepting new accounts is that we cannot undermine the quality of our services for our existing traders by flooding the system with new, small accounts.”

Binance has also had to cancel registrations recently, while doing an infrastructure update. While Bittrex and Binance have not given a timeline for reopening new account registrations, Bitfinex intends to allow signups starting on the 15 of January 2018.


Kim GrošeljDecember 22, 2017

1min340

After the hack on 6.th of December, NiceHash is working again. They will provide their customers the stolen money.


They said that they are intensely looking for foreign investors. With this money, they would return all the stolen Bitcoins to their customers. They stole 4700 Bitcoins which were worth around $61,800,300 at the time of writing. More will be known next year by the end of January.

You can read what happened on 6.th of December here: Latest update for NiceHash hack

After the attack the company strengthened their security and their access to information, they are working with Slovenian legal organs and the investigation is still running, police and forensics don’t want to talk about it. More will be known soon.

Matjaž Škorjanec said :

The main purpose of thiefts wasn’t robbery or financial robbery, but more planned attack to destroy the company and stop its operation.  In his opinion this was one of the most sophisticated robberies in crypto world by now.

 


Kim GrošeljDecember 21, 2017

4min320

Dash price increased today, price rose to $1,557.79 for a market capitalization exceeding $12 billion, marketcap data from CCN shows. The price marked the highest price, which began rising the past spring.

Dash’s price accelerated significantly, from $1,126.85 on Tuesday to $1,576.93 yesterday afternoon. Dash more than doubled the all-time high of $600 that it reached about one month ago.

 

The latest version of Dash Core, which was deployed just days before the rally began to accelerate in November, increased the Dash block size to 2MB and added several other improvements; including reduced transaction fees and more efficient private transactions.

Dash also established KuvaCash. This is a pilot program intended to promote Dash adoption in Zimbabwe, a country with a notorious history of monetary policy. Zimbabweans are disenchanted with their central bank’s inflationary bond notes. Some residents have turned to cryptocurrencies as an escape hatch.

Almost half of Dash’s volume is concentrated on South Korea exchange Bithumb, a major driver for altcoin demand, even though demand on that exchange is often associated with pump-and-dump schemes.

Dash is among the altcoins to post strong performance this past week; as bitcoin’s dominance index fell below 50% for the first time since October. After a week-long rally, Dash, Ethereum, Litecoin, Ripple, Cardano, IOTA, NEM and EOS, all of the top 10 cryptocurrencies with the exception of bitcoin and Bitcoin Cash, recorded a daily gain of over 10%.

What is driving the growth?

The past week, analyst claim that the entrance of institutional money and hedge funds into the cryptocurrency market initially by Bitcoin Futures have led investors to explore other cryptocurrencies in the market.

Others have attributed the success of altcoins to the issues of bitcoin and the lack of Segregated Witness integration by businesses. Leading wallet platforms like Blockchain and Coinbase, along with bitcoin transaction fee prediction platforms, have been recommending a transaction fee in the range of $10 to $30; due to the state of the bitcoin mempool; the holding area of unconfirmed transactions.

Dash has its own scalability plan that’s focused on on-chain scaling. Dash’s founder Evan Duffield stated in a Medium blog that many believe that on-chain scaling is impossible. But that’s because they haven’t explored alternative P2P architectures for better performance. He said that Dash intends to show how far an incentivized second tier architecture can take a project.

Earlier this year, Dash released its roadmap for mass adoption. Dash Evolution has been designed as a scalable and user-friendly currency platform for mass adoption.

The user capacity will increase with each development stage. Dash plans to double the number of developers with each release.



About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


  • ethereumEthereum (ETH) $ 587.97 3.54%
  • rippleXRP (XRP) $ 0.617671 6.71%
  • litecoinLitecoin (LTC) $ 86.07 1.82%