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You Know It’s Altseason When….

Altcoin season with hedgetrade
Is it altseason yet? We’ve been asking this question for a loooong time, with no definitive answer. Yet, after each altseason concludes, traders who made sick gains as well as those that got totally rekt stick around waiting for the latest, greatest altcoin season. In this article, we take a look at some of the factors and signals that suggest altseason is upon us.

For crypto novices, let’s first define “altcoin” and “altcoin season” 
Any cryptocurrency other than bitcoin is considered an altcoin. Some of the most famous altcoins to date include Ethereum, Litecoin, XRP, and Tether (USDT). From mining coins, privacy coins, and stablecoins to utility or security tokens, there’s an altcoin that plays to almost anyone’s imagination.

Altseason definition
An altcoin season, or altseason, occurs when cryptocurrency markets are getting major mainstream attention, sending droves of new crypto enthusiasts into the arms of trading exchanges and social trading platforms. Why did crypto markets get so much attention in the first place? Usually crypto’s first and foremost coin, bitcoin, is getting all the attention. When FOMO heats up and excitement builds around bitcoin, many people want to participate. But often they find it’s not a favorable time to buy BTC because prices have been driven up by social demand.

That’s when altcoins come into play. With their lower prices and many choices to select, altcoins can essentially piggyback off the attention given to bitcoin. They provide an attractive alternative to a pumping mammoth coin (bitcoin), and welcome day traders from all parts of the globe to try their hand at trading.

We haven’t had too many altseasons, and only one really big one back in late 2017. But now, after over two years of primarily bearish crypto markets, we have a new element associated with altcoin season. And that is represented in the monumental amount of infrastructure that has  been built around altcoins (and bitcoin). From hundreds of crypto exchanges, wallets and payment providers, all the way to interoperable blockchain protocols and DEX aggregators, innovation has continued at break neck speed since 2017 - despite the long crypto winter.

Nobody really knows what will happen in markets due to the economic instability we’ve seen since COVID-19 burst our debt bubble and sent everyone home. If an altseason is going to come, you’ll definitely want to know about it in case you want to take advantage of early altcoin prices or get in early with young, innovative startups with long futures ahead. In case you’re one of those people waiting for altcoin season to start, this short guide will help you figure out how to now when the season hits:

You know it’s altseason when…
...Retail traders rain down on Robinhood
This is probably the truest, purest sign of an altcoin season. Retail traders flood exchanges, many trading for the first time ever. The most recent mini-altseason happened shortly after most people were sent home due to the Coronavirus shutdown. A few weeks later, many of them received stimulus checks as well. Directly after the US checks were mailed out, Robinhood exchange saw a surge in retail stock trading. The company also opened 3 million new trading accounts in Q1 2020 alone.

...Bitcoin dominance gets challenged
Bitcoin dominance is determined by a ratio of bitcoin’s market cap to that of all cryptocurrencies. As of this date, bitcoin dominance is at 62%. The second biggest coin by marketcap is Ethereum, whose dominance rate is about 9%. During the biggest and most glorious altcoin season in late 2017, bitcoin dominance hovered around 50%. Essentially, the lower the rate goes, the more activity we see with altcoin trading, and the better chances of having a new altcoin season.

Bitcoin dominance chart - CoinMarketCap

...Bitcoin maximalists hoist all the red flags🚩🚩🚩🚩

Most Bitcoin maxis shun altcoins on a good day. When altcoin season rolls around, it really brings out the maximalists’ creativity as they devise and deploy new forms of the word “shitcoin” and issue warnings mixed with a healthy dose of derision to anyone asking about altcoins. Their favorite season is “not altseason.”

...Crypto armies hit the streets
Hordes of supporters around specific coins blanket the cryptoverse with posts, tweets, likes and shares, while simultaneously text-battling anyone brave enough to dis their favorite altcoin.

Biggest armies out there include $XRP, $ADA, $XSN, $EOS, $DAPS and $TRON.

...Prediction markets see increase in short term predictions
Forget the future - altseasons are for making sick gains now! Though some bag holders will accumulate and hold for the long term, the majority of altseason ‘tourists’ are day trading.

That’s why prediction marketplaces like HedgeTrade see more short term trading calls, as well as increased predictions on altcoins.

Guest Author: 
Mary Thibodeau
A digital entrepreneur and author based in Maine with years of expertise in creating and implementing content strategies for blockchain technology and cryptocurrency startups. She most enjoys exploring the bridges between mainstream finance and the cryptosphere and is always ready to ‘take the leap’.

Ethereum 2.0 Testnet Goes Live - Final Step Before Launch - [UPDATES ADDED!]

Photo Of Ethereum 2.0
[UPDATE] The Ethereum 2.0 testnet (nicknamed 'Medalla') went live yesterday as planned.

At the time of publishing this update, it has processed nearly 25k transactions successfully!

For those who want to take a look for themselves:

Deposit Contract: 0x07b39F4fDE4A38bACe212b546dAc87C58DfE3fDC
Chain Explorers:
Status Dashboard: eth2stats.io

If the testnet continues to operate smoothly, short of any major bugs being discovered the upgrade could move to the mainnet soon.

So - now is the time to be ready for it, whatever that may mean to you.

[Original Article]
Our sources inside the Ethereum Foundation confirm - tomorrow's testnet launch of Ethereum 2.0 will be happening without delay!

'Delay' has been a word everyone watching the development of Ethereum 2.0 has heard a lot lately, so maybe sharing our sources exact words: "It's happening. That I can promise" will help answer any remaining questions.

Called the 'Medalla testnet' it requires 16,000 validors to operate, minimum - a number they reached on Friday.

"The launch of Medalla is a huge milestone in the development of eth2 – if Medalla proves stable, mainnet launch is next – and represents years of hardwork by countless engineers, researchers, and community members. We hope you are as excited as we are." says Danny Ryan from Ethereum's Research & Development team.

If everything goes smoothly, the official launch of 2.0 worldwide will follow!

Aug 4th at 1pm UTC is the official launch time for the genesis of the Medalla ETH 2.0 testnet.

Author: Justin Derbek
New York News Desk

Will The Crypto Heat Wave Continue!? The August 2020 Crypto Outlook....

Welcome to the August Crypto Outlook with Contentworks, an agency specialising in content marketing for financial services, crypto and blockchain.

Cryptocurrencies had an excellent month. In July, the total market cap of all cryptocurrencies tracked by CoinMarketCap rose to more than $326 billion from about $260 billion. Ethereum was the best-performing major currency, gaining by 44%, followed by Ripple, whose price rose by 35%. Bitcoin cash and Bitcoin rose by 32% and 25%, respectively.
Crypto price charts

Why Cryptocurrencies Rallied In July

There are several reasons for the current exuberance in the cryptocurrencies industry. First, the US dollar has been in a sharp decline in the past few months. In July, the dollar index, which measures the strength of the currency against a group of peers, declined by 4%. Since cryptocurrencies are usually traded in dollars, a weak dollar tends to be beneficial for them.

Second, cryptocurrencies rose because of the overall mood of alternative assets. For example, in July, key assets like gold, silver, palladium, and copper reached their all-time high. Third, the rising number of coronavirus cases in the United States led many to believe that interest rates will remain lower for longer. Lower interest rates lead to lower real yields. As such, more people moved from treasuries to alternative assets like cryptocurrencies.

Ethereum 2.0 Launch

Ethereum outperformed other cryptocurrencies because of the online enthusiasm about ETH 2.0, which is the first major upgrade to the network. The goal of the upgrade is to make the system faster and more secure to support more smart contracts.

It will do that by moving from the current proof-of-work (PoW) to a proof-of-stake (PoS). The two processes are different because in PoW, miners validate transactions by solving complex calculations. In PoS, validators lock up holdings of the crypto as collateral for the right to validate the transaction.

In July, the developers behind the upgrade released a validator launchpad, which enables people to test the platform. On August 4, the developers will launch the finalised testnet for ETH 2.0. In the past, cryptocurrencies tended to jump ahead of a major event. For example, in May, Bitcoin price rose ahead of the halving event.

US Banks To Provide Crypto Custody Services

In July, the Office of the Comptroller of Currency (OCC) said that banks in the US could offer custody services for crypto assets. The acting comptroller of OCC said:

“This opinion clarifies that banks can continue satisfying their customers' needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency."

This was a big deal for two main reasons. Firstly, interest for crypto among large institutions is rising as the industry matures. Second, most US banks like Goldman Sachs and Morgan Stanley have mostly stayed out of cryptocurrencies because of compliance issues. Therefore, with regulatory issues behind them, we will likely see these banks announce their crypto offerings in the coming month.

US Coronavirus Cases And US-China Tensions

In July, crypto investors will be watching the number of coronavirus cases in the US and the escalating tensions between the two superpowers. Cryptocurrencies are likely to continue moving in an upward trend if the number of coronavirus cases in the US continue to rise. That is mostly because it will increase the likelihood that interest rates will remain low for longer. It will also mean that the Fed could continue printing dollars, which is a positive thing for digital assets.

The same is true with the deteriorating relations between the US and China. If they continue worsening, it could lead to disruption of trade, which will also lead to more Fed actions.

Top Crypto Events In August

There will be several cryptocurrencies events in August, most of which will be online. Some of these events are Future Proof, International Conference on Decentralised Applications and Infrastructure (IEEE DAPPS), International Conference on Big Data and Blockchain, and Blockchain World Forum.

Bitcoin August Technical Forecast

The weekly chart shows that Bitcoin’s price has been in an upward trend after bottoming at $3867 in March this year. The price is above the 50-day and 100-day exponential moving averages while the RSI has been rising. Therefore, the pair is likely to continue rising as bulls target the next resistance level at $13,917.

Bitcoin price chart

At Contentworks, our team of financial professionals closely follows market movements for FX, Crypto and other tradable instruments. We are proud to serve some of the biggest crypto and fintech companies in the world by delivering high-impact articles, videos, PRs and white papers.

Visit Contentworks at www.contentworks.agency

Global Crypto Press / Breaking Crypto News
PR Distribution / Industry Services

Bitcoin Just Hit It's HIGHEST Price Of 2020 - And There's Even More Good News On The Horizon....

Bitcoin price
Bitcoin soared to the highest price so far in 2020, whle fiat currency declines, BTC finds itself sharing the spotlight with gold. the idea that cryptocurrencies will surface as a feasible option to conventional banking structures.

At the time of publishing, BTC is trading at $11,221, the highest point so far

Matt Maley, chief market strategist at Miller Tabak & Co believes large investors are the difference, saying: “It's attracting the momentum players, and of course, the momentum players play such a big role nowadays  that it’s giving Bitcoin the big move.”

Contributing as well - in the U.S. last week regulators said American banks can provide custody services for the crypto-assets of clients, which could further raise the attractiveness to investors, now knowing their investment can be kept safe and covered by the banks insurance.

Author: Oliver Redding
Seattle Newsdesk

Satoshi Nakamoto NEVER DISAPPEARED?! He's Been Working as Founder Of Well-known Company In Crypto Industry, Some Claim...

There's a number of factors that make this worth giving a look.

The video above does a good job at laying put both things that people in the crypto community noticed, and a couple things the video creator discovered on his own. (A channel called 'Barely Sociable' that does mini-investigations into various things related to internet culture)

The suspect? Adam Back, founder of Blockstream.  Here's a few of the reasons he's now in the spotlight...

● Invented HashCash, a digital currency which is often called an 'earlier version of Bitcoin' in 1997. Bitcoin came 12 years later, plenty of time to make some big improvements.

● One of the few people in the world with the experience, and education to do it. 

● Some identical writing habits (two spaces after each period).

● Under his real name, he put out an impressive stream of computer science based research and uploaded his findings often. This suddenly stopped as soon as Satoshi began publishing his research.

Even his responses on Twitter since this theory gained traction, it frankly reads like someone when their cover has been blown, hoping to gain it back they end up over-explaining themselves.

In that over-explaining he even gives a motive - saying some friends suspected him back in 2013 'if not earlier' and the idea of the rumor spreading only gave him fear 'it was a bit concerning initially that people would try to rob.'

At the very least, this is the most compelling argument made so far.

Video courtesy of  Barely Sociable

Leaked FBI Docs Show Just How Easily They Track Bitcoin - And The Untraceable Coin They're Frustrated With...

FBI Bitcoin and Monero tracking
We've pointed out how the mainstream media's constant reference to Bitcoin being 'untraceable' just isn't true, and the FBI agrees - saying they're "far from being anonymous" and that there are also various types of software, open source and proprietary, that carry out an exhaustive exploration of transactions on their blockchain.

But one coin does qualify as 'untraceable' at least for now, and it's a thorn in the FBI's side as they admit to having an inability to detect the destination of the funds in operations when Monero (XMR) is used.

The FBI report appeared in a leaked document repository, and shows three cases involving Panamanian cryptocurrency exchange MorphToken. The document explains three cases of supposedly illegal exchanges of bitcoin (BTC) to monero (XMR) in said exchange house.

The leaked report is part of the documents released in Blueleaks, an extensive collection of police reports and government office documents published by the Anonymous group.

The FBI points out in the document that it evaluated actors in the dark web market (Darknet Market or DNM) that turned bitcoin into monero, allegedly unlawfully . The federal office rates monero as an enhanced anonymity cryptocurrency (AEC), implying that the aforementioned conversion prevents law enforcement officials from mapping the destination of the funds.

But That's Not Necessarily A Dead End...

If someone is converting Bitcoin to Monero, they're using an exchange. This means there's still a way to find what IP address is behind a Montro transaction.  Instead of following entries on the blockchain's ledger, they're looking at server logs of the exchanges used to execute the transactions.

The evaluation is highly reliable, says the FBI, and is based on that agency's research, analysis of blockchains, and the use of "proprietary software." Also, the FBI says in the leaked document that it used information from the MorphToken cryptocurrency exchange, which operates in Panama.

Given that after the conversion to monero, the FBI cannot detect the destination of the funds , this agency assumes that the DNM actors do not carry out such a conversion to "diversify their portfolio." The suspicion of illegal activities is based, according to the FBI, on two factors: the availability of information about the inability to trace the funds once converted to monero and the existing means to acquire them without providing user information.

In the first case addressed by the FBI, Bitcoin transaction fees processed by Cryptonia, which operates in the DNM, were detected between May and September 2019. These were sent to addresses associated with MorphToken, according to blockchain analysis and investigations. from the FBI. All bitcoin, says the FBI, was converted to monero.

In another case, bitcoin shipments from the sale of drugs to MorphToken were detected in November 2019, by 4 participants from the DNM. In this case, proprietary software that analyzes Bitcoin transactions and open source software for traceability of the Bitcoin blockchain were used. More recently, in January of this year, actors associated with the DNM Apollon sent at least 11 bitcoin to MorphToken for conversion to monero.

Reality Check...

We're for legitimate usage of cryptocurrencies, and believe it being used for illegal purposes does nothing but slow mass adoption, even though the reasoning behind this lacks any logic.

It's important to remind everyone that every government provides untraceable currency themselves - it's called cash. 

These days, physical cash can be turned digital easily via a pre-paid debit cards available at thousands of convenience stores, even many gas stations - with no ID needed.

So don't let any spin you find elsewhere convince you that cryptocurrencies provide a new level of anonymity. 

Author: Adam Lee 
Asia News Desk 

Twitter Hack Results: Over 300 Idiots Gave Over $115,000 Worth of Bitcoin To Obvious Scam...

Twitter hacked
It's the kind of story that hurts to read, apologies in advance. 

The scam is even older than this, but the first time I wrote about it was in 2018 when Elon Musk addressed the issue on Twitter.

At the time, the wallet used by scammers showed just over $14,000 had been sent to an Elon Musk imposer. 

How? Well, there's clearly something deeply wrong with a surprising number of people.
Jeff Bezos hacked
Amazon CEO Jeff Bezos

This Time, It Wasn't Fake Accounts...

Which is why this time was 10x as profitable. Hackers used the real, verified accounts off Joe Biden, Apple, Uber, Barack Obama, Amazon CEO Jeff Bezos, Kanye West, Mike Bloomberg and more to share the scam.

Other than that difference - the exact same "Send me $1000 i'll send you $2000" concept has been used non-stop for years.

Obama hacked
Even The Former President was targeted...

Blinded By Greed...

This is my only guess on how this happens.  That the idea of a big payday with minimal effort is basically a dream come true for a lot of people.

First off - this whole thing is something they've never heard of happening before - so you would think the first time would be met with some skepticism.  When has a rich person ever just given away massive amounts of money to random people?

Sure, many give money away to charity - but there's a big difference between charity and throwing cash at random people online.

Secondly - the part where they ask for money, so that they can then give you money... this didn't seem strange!?

Let's imagine some rich person was doing a giveaway like this, for real.

It makes a whole lot more sense to just say "Reply with your wallet address, and i'll send you the money!".

Why would someone giving away money, also be asking for it... from the same person they're about to give some to?!

The Worst Part...

The worst part is, while we should be able to laugh at the expensive lesson these people clearly needed to learn, things like this are unfortunately a PR nightmare for Bitcoin.

Sure, you may hear of legitimate usage of cryptocurrency almost daily - the average person still does not. While the volume of illegitimate transactions is a small percentage of total usage, the stories behind everyday crypto usage are rarely interesting enough for the media to cover.

What has the media covered lately?

If I put myself in the shoes of an outsider for a minute: viruses that lock computers until a ransom is paid, North Korea using it to finance weapons, and now a high profile Twitter hack and scam - these would be the 3 most recent times I heard the word 'bitcoin'.

Thankfully, The Media's Focus Isn't Crypto This Time...

It's Twitter's massive security failure, but many stories still include the typical inaccurate babble about crypto being untraceable, which is untrue.

So far, Twitter's only statement has been:

"We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly."

The tweets have been removed, however they do still show up on various apps that pull data from Twitter but do not update immediately when a post is removed.

Fake tweet is still displayed as legitimate on Google. 

For example, at the time of publishing if you google Elon Musk, the first page of Google search results shows the scam as his most recent tweet, with nothing indicating it is fake. 
Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM

San Francisco News Desk

Chinese Government's Official National Cryptocurrency: How It Will Work....

Earlier this year China started a closed trial of their new entirely digital currency, DCEP (Digital Currency Electronic Payment)

Linked to the Yuan, the DCEP is China's attempt to broaden it's influence and limit the proliferation of cryptocurrencies. In this video, we explain the DCEP, the pros and cons and why China wants to implement it so badly.

Video Courtesy of TLDR News UK

Will We See Heat On The Summer Charts?! The July 2020 CRYPTO OUTLOOK...

Welcome to the July Crypto Outlook with Contentworks, an agency specialising in content marketing for financial services, crypto and blockchain.

The cryptocurrencies sector was relatively calm in June as the world economy started to reopen after months of lockdown. The price of Bitcoin remained below the important resistance level of $10,000 while Ethereum rose by 12%. Ripple declined by more than 7% even as the company announced new plans to expand its remittance gateways.

Ethereum momentum gains ahead of ETH 2.0...
ETH was among the best-performing digital currencies in June as enthusiasm rose over Ethereum 2.0.

For starters, ETH 2.0 is a new software update to the current public mainnet that is intended to improve Ethereum usage and adoption. The most significant change in the system will be Proof of Stake (PoS), which will be implemented by sharding. By implementing PoS, ETH 2.0 will replace miners and electricity with validators and stake. In this, validators will replace miners as the individuals who maintain the agreed-upon state of the network and receive rewards for randomly selecting the next block of data.

ETH 2.0 will be the next big update in the cryptocurrencies space after halving, which happened in May. Therefore, there is a possibility that the price of ETH will continue to rise as enthusiasts wait for the new changes.

Ripple gets ready to expand payment gateways...
The coronavirus pandemic has led to a sharp decline in global remittances. According to the World Bank, total remittances will fall by more than 20% this year as unemployment rates in the developed world rise. However, digital platforms have seen an increase in transactions.

In a statement in June, Asheesh Birla, an executive at Ripple said that the company was moving to expand its remittance gateways to more countries. While the process will take months to implement, traders believe it will lead to more transactions in the XRP platform. In July, we will continue to focus more on these developments.

Coronavirus second wave...
The past three months have been difficult for the world economy. The pandemic also put cryptocurrencies to their biggest test since they were formed a decade ago. That is because, in the past, most analysts were worried about whether the currencies could survive a recession.

In total, Ethereum has been among the best-performing digital assets, gaining by more than 66% in the past three months. Bitcoin is next, having gained by 38% while XRP has gained by just 5%.

In July, the currencies may be tested again as the number of coronavirus cases jump in the United States and elsewhere. In the past week, the country has reported more than 100,000 new cases and more states have started to implement stay-at-home orders. And the CDC has warned that these numbers are underreported.

Therefore, cryptocurrencies could see more movement as the Federal Reserve moves to implement more stimulus funding. There is also a possibility that Washington will implement more stimulus. The chart below shows how the three biggest digital currencies have performed during the pandemic.

Top crypto events in July...
Events have been among the worst-affected sectors in the cryptocurrency industry. In the past few months, events that used to attract thousands of attendees have been replaced by virtual events. In July, with the number of cases rising, most events will remain online.

Among the key events to watch are the Cardano Shelly Summit, which will happen on July 2 and 3.  Binance will host its third “off the charts” events while Unitize will happen between July 06 and 10. Other key events to watch are the Singapore Blockchain Week, Mining Disrupt, and Asia Blockchain Summit. We will also be media partners at the TradeOn virtual event so be sure to join us there!

At Contentworks Agency, our team of financial professionals closely follows market movements for FX, Crypto and other tradable instruments. We are proud to serve some of the biggest crypto and fintech companies in the world by delivering high-impact articles, videos, PRs and white papers.

Visit Contentworks at www.contentworks.agency 

Global Crypto Press / Breaking Crypto News
PR Distribution / Industry Services

Infamous Husband & Wife Crypto Pyramid Scammers Targeted, Police Respond To Armed Masked Men At Mansion...

Initially, news of heavy police presence at the home of Alberts & Andreea Cimbala had everyone thinking the same thing - finally, justice has been served.  Some outlets even reported the story as a raid of their operations.

That's because a lot of people believe these two owe them money. The Cimbala's have been part of a string of scams, walking the fine line between illegal pyramid scheme, and a technically legal but massively unethical MLM.

Initially making millions in the infamous OneCoin scam, they bailed when it started to crumble, and regardless of earning an estimated $10+ million, framed themselves as victims. Passing full blame on to the founder, the infamous Dr. Ruja Ignatova who managed to disappear in to thin air - she's been in hiding for 3 years. If you don't know the story you seriously need to.

But they look so trustworthy.
But for 'victims' they made an odd choice for their next move - another shady crypto ploy called DagCoin.

Somehow the same trick worked in both cases when the pyramid scheme collapsed - they bail before it's totally over, and publicly begin trashing the company they just made millions in.  They claim since they weren't the 'founders' they're no different than anyone else in the pyramid, and victims of pyramid schemes don't get arrested.

What Actually Happened Last Night...

The husband and wife scammer duo wasn't in their home, located in an exclusive, mansion filled neighborhood in the Netherlands.

Ironically, they were totally safe - because they were doing a live webcast for their latest MLM scheme 'What Dreams May Come' from a studio several miles away.

Their 12 children however were at the house, and phoned police when they spotted a group of masked, armed men approaching.

Police outside the home of Alberts & Andreea Cimbala.
According to Dutch press:

"On Sunday evening, the Dutch police in Naarden combed around the house after several phone calls from the neighbourhood. A Police helicopter and Swat Team were at the burglary and possible kidnapping scene.

Alberts and his wife Andreea Cimbala were not present. At that time, the couple presented an on-line event in TV studio 47 in Hilversum which they said was attended by 100,000 virtual visitors."

No arrests were made, but a scooter and stolen Mercedes were found in a nearby meadow, Alberts believes these were positioned to serve as getaway cars in an attempted kidnapping.

Clearly Targeted...

One thing is obvious - Alberts & Andreea were targets, this wasn't random burglers choosing a house at random.

Which begs the question - chosen simply for being high profile, and bragging about wealth publicly for a living?

Or, chosen because some of their money once belonged to the people who were now attempting to kidnap them?

After managing to get away with their schemes so far, today may be the first time they've been forced to ask themselves  'was it worth it?'

Author: Mark Pippen
London News Desk - Breaking Cryptocurrency News