Author Archives: Benjamin Bond

Dust App Automatically Invests Your Spare Change in Cryptocurrency

The growing craves for cryptocurrencies also comes with a challenge – not everyone is schooled in the art of investing or trading cryptocurrencies. This means that the potential to lose your money if you do not know where to trade or when and how to do it is quite high. This limitation has deprived a lot of potential investors the opportunity of making money in the crypto market. While the few ones who know exactly what to do are earning big, the ones without the required skills are constantly searching for competent hands to help them out.

Well, if you are one of those who have not made any meaningful investment in the crypto-sphere, this is good news for you. There’s no more need to get a professional whom you will pay to do some trading on your behalf. What is the good news?

A new app known as the Dust Solution, has been launched to help you invest your spare change in cryptocurrencies. The app aims to assist in streamlining the cryptocurrency purchasing process by investing the small change of users in a customizable spread of digital currencies.

With this, the complexity of investing in Bitcoin, Ethereum, Litecoin and other cryptocurrencies is taken care of. This means you can now depend on the app to help in making the right decision on where and when to invest the spare change you have in buying digital coins to improve your investment portfolio.

The Dust Solution app simply continues from where the famous cryptocurrency investment app Lawnmower stopped in March this year, with the removal of their famous “spare change” aspect. So, with Dust solution, amateur traders can now heave a sigh of relief knowing that the app can do the job on their behalf.

The co-founder of the app Jordan Fish, says that the greatest advantage the app offers is in helping to eliminate hesitation on cryptocurrency investment. The volatility of the cryptocurrency market makes it highly intimidating for new investors, and as such they find it difficult to decide the ideal time to pull the trigger. But with Dust, the buying process is automated and offers users an autonomous way to generate long-term savings.

Currently Dust is in early Alpha. However, crypto enthusiasts who are interested can still register for an alpha invite. According to Fish, he and the other founders of Dust are not currently considering monetizing the platform, but have not also ruled out the possibility of incorporating a fee structure in the future.

It is quite easy to set up the app. You need to connect the app to your bank account, thereby allowing it to see transactions. The app then rounds each transaction up to the nearest dollar and collect the change.

After collecting around $10 of change, the app uses it to invest in a spread of cryptocurrencies. The digital coins include Ethereum, Bitcoin, Litecoin, and other forms of cryptocurrencies, depending on the parameter you set for it. Dust incorporates with Coinbase, one of the largest exchanges online in order to order the cryptocurrencies.

Dust claims it works with up to 9,000 various financial institutions in the United States including “most high street banks.” Some of the banks that Dust supports include Chase, Wells Fargo, and Citi. This is made possible through the integration of the plaid platform. Plaid serves as a financial services technology layer that makes it possible for third-party application to link up with bank accounts, thereby working as a bridge between banks and developers.

It is better for you to shift the risk taking aspect of cryptocurrency investing to an app that is professionally designed to act when the signal is right than try to take a risk with your hard-earned income knowing full well that you could lose everything should there be any error of judgment. Whatever be the case, it is advisable to tread with caution since this app is still in alpha. If you must test it, make sure you are not putting in so much money at this stage until it is fully proven to work fine.

Whether or not the app is able to perform as it promised is a matter that would be determined by time. However, potential investors look forward with enthusiasm to testing the app as soon as they are allowed access to do so.

Bitcoin Surges above $5000

Bitcoin had been steadily climbing in price for past several years, today marks a record day in the valuation of bitcoin. It is currently being traded at $5,100 that is an all-time high valuation for any digital currency. The recent valuation broke the previous record of $5,000.

It is difficult to clearly pinpoint the exact cause of the rise. The Chinese ban on bitcoin exchanges only managed to cause a temporary dip in its valuation in September. The recent digital market stats reveal that trading volumes for bitcoin in China have fallen to 1.6% that is extremely low compared to the global stats.

While bitcoin exchange has been falling in China it has surged in other Asian markets including Japan. Recently Japan has awarded over 11 licenses to different bitcoin exchanges across the country. The Japanese trading now represents 58% of the market share in pair trading for bitcoin and Yen. The BitFlyer exchange in Japan is now dealing with ¾ additional volume compared to the past trends. The Japanese government has welcomed the bitcoin trading with open arms, which has caused Japan to be the biggest trader of bitcoin in terms of volume.

The BitCoin investors have made a decisive shift from China to other lucrative markets like Japan, Korea, and U.S.A. The dollar now represents 27% of the bitcoin share globally while Korean markets are also surging at 7%.

The experts in the BitCoin industry have speculated that these prices might surge even further and can reach up to $7,500 by the end of 2017. BitCoin price surges have been highly unpredictable but have managed to climb consistently despite strict regulations across the globe.  

The market trends all remain positive despite the SegWit2x fork. If the investors overlook the growing concerns pertaining to the SegWit2x the rapid surge in bitcoins value might accelerate even further. The BitCoin value is dependent upon the free market and the growing interest in Japan, Korea, and U.S.A are considered to be the biggest contributors in the recent price surges.

The Price of Any commodity is based upon the confidence that the investors attach to it. BitCoin is quickly becoming a currency of choice for small investors across the globe. This added interest may even force larger investors to accept the bitcoin trade. The SegWit2X fork would increase the quantity of the bitcoin but it can cause a slight dip in its valuation. Another increase in the Bitcoin valuation can be credited to the Fork which has forced the buyers to invest more in BitCoin to benefit from the increase in value and quantity of the bitcoins.

All things considered, the bitcoin and cryptocurrency at large continues to grow as more and more investors flock to it. There have been some positive signals from Chinese market as well despite the recent bitcoin exchange closures that could increase the valuation even further. The bitcoin provides a convenience alternative to the hassles of the current banking model that in itself is the biggest cause of success for bitcoin.

Dubai Launches its First Official Cryptocurrency Emcash

The city of Dubai has just launched its own cryptocurrency at a time when the cryptocurrency world has come under series of controversies. The city is launching the digital currency courtesy of a new partnership encouraged through its Accelerator Initiative. The digital coin named emCash, is intended to be used for diverse financial transactions and runs on its own blockchain. Continue reading

7 Benefits of Using Cryptocurrency that You’ve Ignored

It’s definitely not a new term to you. The media and every respected expert on the subject are saying the exact same thing.

“Cryptocurrency is changing the way we use and transfer money.” In fact, during the early 2009, when Satoshi Nakamoto came up with Bitcoin, it wasn’t something that somebody would really believe.

With horror stories of Forex trading, stock market and shares flopping in the market,  a new thing like Bitcoin trading was unheard of, let alone sink your teeth into it. Continue reading

3d Printed Viper Remote Start Key Fob Holder

I have an old Jeep Wrangler which also has a viper alarm/remote start installed. The key fob for the remote start broke off of my keyring a while ago and I always seem to misplace it. Today I decided to design and print a snug holder for the key fob and it turned out pretty good on my first try.

I also came up with a pretty handy way to design the case to fit the curves of the remote without having to do a lot of measuring.

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Multiplayer HTML5 Game (1): Install Node.JS, NPM, & Socket.io on Ubuntu 14.04

First off I want to say Happy New Year to you all. One of my resolution is to blog a lot more about some of the projects I’m working on. This post will be the first in a series of post that I’ll be making about a multiplayer html5 game I’m developing with PhoneGap.

I’m not 100% sure how many post I’ll make in this series but I will make sure I cover all of the key steps. Please make sure you subscribe to my blog and get emailed an update whenever there’s a new post. Also comment below with any feedback or questions you have.

Without further ado lets setup our Ubuntu server with Node.JS (server-side javascript language), NPM (package manager), and Socket.io (javascript library for real-time interaction).  Continue reading

Installing Namecoin Mac Client with wineskin

I’m a huge fan of Bitcoin and Altcoins (other crypto currencies sometimes derived from Bitcoin) but sometimes the developers of these altcoin neglect use Mac users. One coin by the name of “Namecoin” was one I’ve been wanting to get into but didn’t for a while because they didn’t release an official Namecoin Mac Client. Continue reading

Install Apache, MySQL PHP and phpMyAdmin on Ubuntu 13.04, The Easy Way

Today I’m setting up a new VPN running Ubuntu 13.04 (Raring Ringtail) for a web app I’m developing and figured whats a better first post then a LAMP installation tutorial!?!

LAMP is a type of web server configuration that stands for Linux Apache MySQL & PHP. I’ll walk through installing each of these along with phpMyAdmin in 7 easy steps. Lets Get Started! Continue reading