2FA (Two-Factor Authentication) – Why it Matters

2FA (Two-Factor Authentication) – Why it Matters

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It is nearly impossible to be without 2FA in this day and age. With all the identity thefts going on and criminals stealing your personal details, you need to be vigilant and know how to protect yourself. Learning about 2FA will save you lots of pain.
When you ask people what is 2-factor authentication, they probably cannot answer you. Because they will not know what it is or know how it works, even though some of them use it every day.
It has become very easy for a criminal to steal your identity and financial details on the internet when you use a standard username and password. So you need extra protection.
2FA means that you will need 3 things to log into your account:

Your email
A special PIN from your phone.

What is a Two Factor Authentication?
This is an extra layer of security also known as multi-factor authentication or a “one time pin” (OTP) method. 2FA logins need not only a password and username but also something only the user will have access to.  Information that they know or have immediately on hand. The username, password and the app generated pin together, will make it harder for intruders to gain access and steal your data or identity. 
A 2FA App like google authenticator works just like the bank sending you and OTP when you log in to internet banking. The only difference is that you generate the code with an App on your phone.
When you use 2-factor authentication it helps to lower the number of cases of identity theft on the internet and phishing via email as the criminals would need more than just the password and username.
Two Factor Authentication on iCE3X
Your iceCUBED account already has two-factor authentication as a feature. When it is set up, it adds extra security to your account. Furthermore, when someone gets your password they still can not log into your account without the security code that is generated by your cell phone.  
How to set up your 2FA

Login to the iceCubed Platform (https://ice3x.com)
On the main page, click on “My Account”.
Click on “Settings” tab.
You may use any one of these links listed below to download the authenticator app on your phone.
For Android
For iPhone
Click the “Enable” icon to begin to activate 2-Factor Authentication
Scan the QR code with your Google Authentication App. You will now have a 6 Digit Authorization Code which will change every time you log into your account. When asked for this code, only use the code that shows on your phone screen.
Insert the 2fa from Google Authenticator then press the “SAVE” button.
Please tick all the tabs where you would want the extra security of two-factor authentication to be added and save it using your authorization code provided.

Well done you have set up your 2FA.
This means that everytime you login to your iceCUBED account you just insert your email and password as usual and then open your ‘Google Authenticator’ App and enter the 6 digit PIN that displays on your phone.
The PIN Number will be different every time you log in.
Taking care of your online profile is easy once you get used to it. Learning to use 2-factor authentication is quick and you can make a copy of your 2FA master codes. You can then save these 2fa master codes, somewhere only you have access to.
In conclusion, when you need to add extra security to your account you simply add 2-Factor Authentication and you are more secure and know that you have that extra step to ensure your details are safe from criminal activity.
Please watch the following video also explaining 2-Factor Authentication:

We would love to hear from you so feel free to comment below.
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Bitcoin Price August 2018

Bitcoin Price August 2018

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Bitcoin Price Analysis August 2018. Bitcoin got through August with mere double-digit losses. Between August 1st – 31st, bitcoin was only down 10.1%. A closer look into the action may actually suggest the state of bitcoin could be heading toward better times.
Bitcoin Price Analysis August 2018
Bitcoin entered August at a price of $7,727, before closing out the month at $6,944. Despite this, losses could have been far bigger if BTC didn’t recover from the six-weeks lows that dipped below $5,900 on August 14th.The bitcoin market experienced a solid 2-way market environment this month.
Sellers mostly dominated the first half of August. This was mainly a result of the US Securities and Exchange Commission’s (SEC) disapproval of a Winklevoss bitcoin exchange-traded fund (ETF) in July. However, by mid-August, the technical charts were calling for a corrective rally as a result of the bears losing their momentum. Following this, Bitcoin picked up a bid and moved up to over $6,400 by the third week of the month. Thus, the short-term bullish reversal signals gained more credibility once bitcoin shrugged off the SEC’s rejection of 9 other ETF proposals made on August 22nd.
Following this, BTC/USD short positions in the futures market hit record-breaking lows. This triggered a selloff from the record high of $20,000 set in December 2017. It most likely ended due to the psychological support of $6,000. As a result, the newly emboldened bulls pushed BTC to highs of over just $7,000 in the last week of August.

Bitcoin value (12th Dec 2017 – 12th September 2018):
December: $17,180January: $14,188February: $8,070March: $9,532April: $7,916May: $8,467June: $6,548July: $6,381August: $6,312
Now: $6,399
— Nairametrics (@Nairametrics) September 14, 2018

Better Times Ahead?
Even though Bitcoin took a 10% monthly loss overall, technical charts suggest there is a reason to be optimistic about what is to come next.

As indicated by the above chart, a long wick (tail) is attached to the candle following up to September. Candles with long tails are widely considered to be signs of a weakness in the current trend. It would seem as though the bears failed to knock the prices back down to June’s low of $5,755, and the bulls regained some of the ground they previously lost.
By the same token, the bears have failed to keep the price of bitcoin below the support at $6,000 three times in the last 10 weeks. In light of this, it seems safe to say that bitcoin has most likely charted a long-term bottom around $6,000. In light of this, prices have the potential to reach highs hitting around $7000 within 2 months.

Bitcoin’s long-wicked monthly candle indicates the long-term bear market most likely bottomed out around $6,000.
A break above July’s high of $8,507 would confirm a bullish reversal.
A monthly close below $6,000 (major support) would signal a revival of the sell-off from the December high of $20,000.

This one our brief bitcoin Price Analysis August 2018. Stay tuned for bitcoin price analysis for the month of September. Comment below with your thoughts about the bitcoin price performance during August.
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Everything You Should Know About Buying Your First Cryptocurrency

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If you are a novice to the cryptocurrency world and you would like to get involved, let us help you! This blog post will provide some more information on how to buy cryptocurrency and where you should be buying! We will also discuss the best starter cryptocurrency coins for beginners.
Where should I buy Cryptocurrency?
You want to ensure you do some research on different cryptocurrency exchange platforms before actually choosing to use them.
On the same note, remember that some people will have had their own personal issues with a particular cryptocurrency exchange platform, so don’t let all the negatives (if there are any) put you off. Obviously, we will be biased, and recommend www.ICE3X.com for all your cryptocurrency trading needs, we also provide a Bitcoin Trading School for those who are starting from scratch and need the background knowledge before they start trading.
However, besides us, there are many other cryptocurrency exchange platforms out there, so feel free to do some research and decide which one suits you best. Buy LOW, sell HIGH.
What cryptocurrency should I buy?
Great, so you have decided that you definitely want o buy cryptocurrency and you have decided on the best exchange for you. Now you can move onto the more interesting bits, and that is deciding which cryptocurrency to buy…
We would recommend that you start with a major coin, coins like Bitcoin, Ethereum, LiteCoin and Bitcoin Cash are examples of this.
iCE3X list all these coins. Here are some reasons for suggesting the purchase of a major coin first:

Because investing in and hold a Major Coin in the hope it rises in value over time.
You want to buy a Major Coin to use as a form of real currency to make purchases.
You want to buy a Major Coin to use as a means of buying an Alt-Coin.

How do I buy?
The sign-up and registration process for most cryptocurrency exchange platforms are pretty straightforward. Firstly, you have to go to the site you have chosen, and then you simply need to move through the sign-up process. Once you have verified your account you will then be permitted to start purchasing Cryptocurrency.
Once you are signed up you will most probably have to deposit money into your account, this might take some time to clear, and then it is all up to you, start trading, or buying the coin of your preference. (Remember to seek financial advice before trading or if you are unsure.)
How do I keep my funds safe?
Wallets largely come in two forms; Hardware-based or Software-based.
Hardware wallets are like USB sticks that have their own form of security required to access the information/currency in them. Hardware wallets exist to protect against hackers. This is probably the safest place to store Cryptocurrency.
What do we offer is Ledger Nano S hardware wallet. The reason is, we already tested it and we know that is safe and it can keep many cryptocurrencies. You can win hardware wallet Ledger Nano S for free!
Software wallets are currently more popular simply because they are free and more convenient.
They are on the whole very secure and are difficult to hack. However, since they are stored online or on your computer and in some way linked to the Internet there will almost always be the potential for being hacked.
When selecting a wallet to use you MUST only use a Wallet that supports your currency. If you don’t, you could lose your funds when transferred. Spend some time at this stage searching the web for Wallets that support your chosen currency and that are quite clearly safe, authentic and reliable.

Bitcoin pro-tip: An exchange is not an acceptable substitute for a wallet. Coins stored on an exchange are not really your coins. Store them in a wallet where YOU control the private keys.
— Bitcoin (@Bitcoin) April 13, 2018

Finally, do your research daily…
There are many crypto traders out there who are willing to share their knowledge and insight into trading cryptocurrency.
Make sure you make use of online tools such as YouTube, Twitter, and https://Ice3X.co.za blog website to keep up to date with what is going on in the industry as well.
We hope this blog has given you a quick overview of where to start!
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NEO Potential. Your best bet to step in the Crypto World | Top Trending News

NEO Potential. Your best bet to step in the Crypto World | Top Trending News

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Neo has had some rough patches recently and in August reached a peak above +/- R760.00 and since then it has followed a downtrend again. Let us have a look at some Neo news and other related information.
Neo Potential, the only way to go is up. As per recent Neo news and price analysis, it has gone down however now is the time to buy when the price is low.
Neo News
On September 9th NEL and NGD hosted their third NEO blockchain open class in Shanghai. It is an education program which aims to advance technical skills. Furthermore, the purpose of the program is to meet the needs of developers (beginners to advanced) who endeavour to improve their skills in a fast efficient way.
What is Neo’s potential?
According to Market Gap Neo is still on the list of the top rank of 15 cryptos. However, saying that NEO is a lesser crypto might not do the coin justice. Neo has a variety of high-quality decentralized apps (dApps). Neo’s team uses the strategy of community outreach to enhance NEO’s development by having worldwide meetups.
NEO is a blockchain project “that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.”
Moreover, NEO has the potential to become one of the top 5 cryptos on Market gap by the year 2020.
The Chinese Ministry of Information made the following judgment:
NEO was recently ranked as the number 4 regarding usability and appropriateness when it comes to supporting applications of the real life.
Price analysis for Neo?
Neo’s first listed price was around R2.61 (Indexed) in November 2016, which has risen about 30,870% since and traded at R662.89 during June.  On 14/01/2018 NEO was trading as high as R2242.28 (Indexed). The current price for Neo at the time of writing is R294.06 on the cryptocurrency exchange iCE3X.

Our app @coinvalue_ just launched.
Check it out on ProductHunt https://t.co/9PFgYt6o8z pic.twitter.com/XbyRpRUf7F
— NEO Price (@neoprice_) June 1, 2018

Why is it the best time to buy Neo now?
Your best bet to step into the Crypto World now is to buy NEO while the price is low. In life everything that goes down has to go up, this is not any different for the cryptocurrency. How long can it take for NEO to go up?  In the first place, nobody can forecast when that is going to happen, however, let us not anticipate… let us rather wait for when the rubber meets the road!

$NEO is now worth $18.21 (-1.70%) and 0.00290108 BTC (-0.72%) #NEO
— NEO Price (@neoprice_) September 11, 2018

Neo to Rand
As of the time of writing the Neo to Rand value on cryptocurrency exchange iCE3X is R294.06. You can buy, sell and trade Neo securely on the iCE3X trading platform, which is a trusted cryptocurrency exchange SINCE 2013.
Neo to BTC
As of the time of writing the NEO to BTC value on cryptocurrency exchange iCE3X is 0.0029. You can buy, sell and trade NEO securely on the iCE3X trading platform, which is a trusted cryptocurrency exchange SINCE 2013.
In conclusion, as stated above Neo does have a lot of potential. This is not to say that this crypto is only focusing on the Chinese market. However, Neo is making a great effort to expand and to provide services to everybody willing to accept it. It is your best bet to step in the crypto world and offers a lot more than just a platform.
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Bitcoin investment? How to Begin Your Journey | iCE3X

Bitcoin investment? How to Begin Your Journey | iCE3X

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Making the correct choice for investments is never an easy task. Choosing to make a Bitcoin investment might be the better option to keep on track with the changing of technology and the future.
To invest in Bitcoin is not difficult, what is important is to understand the entire procedure.  Nobody can expect that a first-time investor in Bitcoin can know it all from start. Investing in Bitcoin is a process of learning and building up your knowledge. Investing happens without any problems, (your Exchange that you have chosen will always be willing to assist you in questions and guidance). Your knowledge and expertise come with experience!
When you are ready to start your Bitcoin investment there are a few key factors that you need to consider.
How do I create a bitcoin investment?
The most important thing is that you can do this yourself. Be careful some sort of Ponzi where you invest, sit back and someone knocks on your door a few months later with a pile of cash. It does not work like that.
Anyone can start investing in Bitcoin but, most exchanges have a set age restriction due to KYC regulations. This, however, does not mean that a person is limited to a certain age to be able to invest in Bitcoin. A Bitcoin investor has no restrictions. You can invest without any obstacles in your way.  You will only need a secure wallet to store your Bitcoins in!
What do you need to make a Bitcoin investment?

Firstly, you must find an exchange where you can buy Bitcoins. Your account will have to be verified and the exchange will ask for the relevant documentation. (Please submit the relevant documents timely so that we can process them for you asap)
You need a secure wallet. With so many to choose from it is not an easy task. Firstly ensure you do your homework. Search online but be aware that there are many options available.  Be very careful about choosing the right one. Many of these so-called wallets turn out to be scams and fraud. Your number one priority with any investment is to keep it safe. The same goes for your bitcoin investment.

We, at iCE3X count to Ledger Nano S hardware wallet, and we do even have a monthly giveaway. Follow us on Twitter.

In addition, remember that you are responsible for the security of your Bitcoins and that’s why you should keep it in a wallet that you have full control over. When first starting, it may sound very technical, but it is very easy to understand and learn. As explained earlier the Exchange you have chosen will walk you through the importance how to ensure that you understand how to secure the safety of your wallet.
Why should you invest in Bitcoin?
There are many reasons why a person decides to invest in Bitcoin.  Each person reacts with what he considers the best way to make a profit. You will only invest in cryptocurrency for one specific reason and that is to make money!
Because of the volatility of Bitcoin, it is difficult to say whether you should invest or not. At the same time looking at Bitcoin’s history it is easy to see bitcoin is the investment of the future.
Like gold, it will be difficult to find more bitcoin. It will also become more expensive as time passes. There were only 21 million Bitcoins ever. In April 2018 the 17 millionth Bitcoin was mined. This means there are only 4 million left to mine. Analysts estimate it will take another 120 years to mine.
A Bitcoin investor Ansel Lindaner said:
It’s an event that makes the market more aware of the scarcity of bitcoin. It will eventually turn into higher prices
It is also a plus point to remember that the Government or bank has no ruling over Bitcoin; Bitcoin comes with almost no fees and in addition, the same applies to EFT payments. Bitcoin can be sent to anyone, anywhere in the world. On top of that, Bitcoin is also known as one of the most secure options for online payments.
Where can you invest in Bitcoin?
When you come to the question “WHERE CAN I INVEST” you have done your homework and you are ready for the investment experience of a lifetime! You can buy, trade or sell Bitcoin on iceCUBED platform, which has been a trusted cryptocurrency exchange since 2013. The first step from here is to get started while the price is down. This is absolutely the right time to start your venture!
When is the best time to invest in Bitcoin?
An old Chinese proverb could be very appropriate to use in this case:
The best time to plant a tree was 20 years ago. The second best time is now.
In conclusion, you will find in the long run as you increase your knowledge regarding the purchasing of  Bitcoin, safety measures, different methods etc. your confidence will increase and soon you can also become a fundi…..
It seems bitcoin investment fever is at a low. Bitcoin is showing some signs of a possible recovery. If the markets produce a positive stream of news during the next few weeks, we can conclude that a bull run is imminent.
We would love to hear from you so feel free to comment below.
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List of 10 Cryptocurrencies offered on iCE3X

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ICE3X has been a trusted cryptocurrency exchange since 2013 with 10 well researched and evaluated cryptocurrencies. Before we add the coins to our exchange, we have a lot to consider eg: market demand, team, and community behind the coin, its history, present status, and vision. The coins add value and unique features to our exchange.
At ICE3X we offer the following Cryptocurrencies:

Bitcoin (BTC)
Bitcoin Cash (BCH)
Cardano (ADA)
Dogecoin (DOGE)
Ethereum (ETH)
Litecoin (LTC)
Monero (XMR)
Zcash (ZEC)

Cryptocurrencies Ice3X: BTC
The oldest Cryptocurrency we offer is Bitcoin. When we first started out in cryptocurrency bitcoin was at around R3811.43 per coin in April of 2013 which at that moment was growing by 5 – 10 % daily. Since then It has grown immensely.
Eric Schmidt, CEO of Google
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.”
Difference/similarities between the different currencies we offer

Bitcoin – Is a digital Currency which is flexible and secure.
Bitcoin Cash – Is a fork of bitcoin and a peer-to-peer electronic cash coin.
Cardano –  First blockchain that has evolved out of a scientific philosophy.
DASH – Also peer-to-peer Cryptocurrency and an altcoin.
Dogecoin – Is also a peer-to-peer digital currency and also an altcoin.
Ethereum – Dthe ecentralized platform which runs on smart contracts.
Litecoin – is also a peer-to-peer crypto and a litecoin.
Neo – Blockchain platform and Cryptocurrency.
Monero – Focusses on privacy and also decentralization.
Zcash – Uses cryptography to enhance privacy.

5 Cryptocurrencies to watch in 2018
The following list of cryptocurrencies is a must watch in 2018:

Litecoin (LTC)  Launched in 2011 and referred to as “silver to bitcoin’s gold.”
Ethereum (ETH) Launched in 2015. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.”
Cardano (ADA) Launched in 2014. Cardano has matured in the last 12 months.
DASH Launched in 2014 was originally known as darkcoin and later rebranded to DASH.
Monero (XMR) Launched in 2014. Monero uses a special technique called“ring signatures” which enables complete privacy.

In conclusion
At ICE3X we offer a wide variety of cryptocurrencies each chosen for their unique features and characteristics. We, therefore, encourage you to join our platform and have a safe and secure trading experience.
Watch this video for more information on how to trade on www.ice3x.com

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Mystery of the two billion dollar bitcoin whale | iCE3X

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Last week, the price of bitcoin took a dive by as much as 15% over 2 days. Consequently, speculation mounted up on the internet, and a theory emerged that a bitcoin whale was on the move.
These internet detectives came to the conclusion that a major holder of cryptocurrency with an electronic wallet was making a move to sell. The owner of this electronic wallet once had as many as 111,114 bitcoins. At bitcoin’s peak, this would have been equal to around $2 billion USD.

When Bitcoin plunged as much as 15 percent over two days last week, a theory emerged online: A whale was on the move https://t.co/UMRJT7jADy pic.twitter.com/rPMOMlGxiV
— Bloomberg Markets (@markets) September 13, 2018

What is a bitcoin whale?
The term “bitcoin whale” describes the big bitcoin players that show their hand in the market. The ocean is a metaphor for the market, as one can then extend it to include the big fish and the small fish.
Rumours arose stating this bitcoin whale was looking to sell after the plunge bitcoin took in value this year.
A fire of debates sparked up on Reddit and a multitude of graphs arose as well as bitcoin origin stories about Dread Pirate Roberts and Mt Gox.
This case has all the required elements of a classic Reddit mystery. A famous wallet, vicious speculation reinforcing a selloff, and amateur sleuthing online that may not have actually hit the mark.
It also brings to light something that makes bitcoin unique; the pseudonymous, public nature of its blockchain means anyone trace transactions.
Chainalysis, a company which provides cryptocurrency tracking tools to companies and law enforcement provided their input. They say 50 transactions involving a total of 50,500 bitcoins originating from the whale’s wallet moved between the 23rd and 30th of August.
Based on the closing price on August 22nd, that would have been worth around $320 million. Chainalysis also said that they are unable to confirm that these coins entered any exchanges.
This is actually really interesting because of the Reddit detective work that’s been happening and just people making these assumptions that this whale is cashing out,
Said Kim Grauer, senior economist at Chainalysis in New York.
It leads to conspiracy theories that someone’s trying to sabotage bitcoin — just from someone doing an administrative move of their funds for security purposes, or we don’t even know why they have done it.
Early HODLers?
Even though the 50,500 bitcoins originate from this whale’s bitcoin address, most were scattered in 2014. The coins were sent to various wallets that may or may not be owned by the same person, then later moved back to 1 wallet again.
According to Chainalysis, only small transactions were associated with this wallet until last year, when 1,000 bitcoins were cashed out from the original address. After that, there was a period of little movement activity until August.
On cryptocurrency news sites, people believe that the wallet could be linked to Ross Ulbricht; the convicted operator for the Silk Road known by the alias “Dread Pirate Roberts”.
The Silk Road was an anonymous online marketplace for illicit goods, paid for with bitcoin.
If Ross Ulbricht isn’t the owner, then it may be Mt Gox.
Mt Gox; a crypto exchange that had to liquidate its leftover bitcoin holdings to repay its creditors after going bankrupt.
In the bitcoin community, it is tradition to watch the activity of the wallets of these early hoarders.
As bitcoin tumbled last week, the community was also afire with a longstanding exchange ShapeShift’s decision to start collecting users’ personal information. They also reported that Goldman Sachs Group was retreating on near-term plans to set up a cryptocurrency trading desk.
Bitcoin dropped 8.5% in the five days through to the 7th of September. It’s up 0.6% this week.
In Chainalysis’ telling, the timing of the whale’s moves don’t coincide with the price declines, but the speculation online may have been the sole contributor to the selloff.
 “There will always be these historical addresses that become a little bit of a treasure hunt almost — who they are and when people move them really does spark interest,”
said Danny Scott, co-founder at CoinCorner (a crypto exchange and wallet provider based in the Isle of Man.). He followed this statement, saying;
“There’s so much noise around the industry and it’s hard to weed out what’s actually happening behind the scenes.”  
Now, this is exciting news, someone is more than rich, what do you think? Comment with us.
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South Africa’s Blockchain-Based Project Khokha Receives Global Award

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Project Khokha is a SARB (South African Reserve Bank) initiative running on an Ethereum based platform. A blockchain company named ConsenSys developed this technology along with Quorom. Project Khokha’s main objective is to replicate SAMOS (The South African Multiple Gross Operation Settlement System). This system is long overdue for a big overhaul, and Project Khokha attempts to further extend this. Combining it with distributed ledger technology will help speed up transactions while also reducing overhead costs.
Global Award

The SARB is honoured to have received the Best Distributed Ledger Initiative award from Central Banking Publications in Singapore https://t.co/OexzI52hLr #ProjectKhokha pic.twitter.com/quyfsBD7rI
— SA Reserve Bank (@SAReserveBank) September 6, 2018

The South African Reserve Bank’s Project Khokha recently received the ‘Best Distributed Ledger Initiative‘ award from the Central Banking Publications. Project Khokha received this award in Singapore, just 3 months after the SARB reported successful testing of the project. Deputy Governor Francois Groepe, executive sponsor of the Fintech Programme and Project Khokha stated:
“We are truly appreciative of and humbled by the award and for the recognition of the effort on Project Khokha. I am proud of the efforts made by the South African community in deepening knowledge of, and leveraging off, new technologies such as distributed ledger-based systems, especially those that are core to our economy such as wholesale payment systems. The award is the recognition of the importance of collaboration, focused effort and shared knowledge in a productive and transparent manner.”
Project Khokha is a proof-of-concept interbank payment and settlement system that is based on the Quorum blockchain. This project is also the first blockchain-based initiative based in Africa to receive global recognition.
What is Project Khokha?
Project Khokha launched in January of this year, running for 14 weeks in partnership with a variety of banks. This trial proves that the daily volume of transactions currently being handled by the existing real-time gross settlement system (SAMOS) can be processed in 75 minutes, all while maintaining complete confidentiality of all transactions.
“This is only the starting point. The implementation of a production-ready system requires a deeper understanding of the complexities that were not within the scope of this initial project. Key considerations that need to be addressed, over time, include the evaluation of supporting frameworks and other systems that integrate with the wholesale system, as well as the legal, regulatory and compliance factors.” – Lesetja Kganyago the South African Reserve Bank’s (SARB) governor
What does this mean for cryptocurrency in South Africa?
Project Khokha had the support of Discovery, FirstRand, Nedbank and five other banks. Though this trial was a success, no further information regarding the commercialization of this technology is available. This project is still undergoing testing as no real transactions took place during the trial period.
Thanks to this project, the future of cryptocurrency’s regulation in South Africa looks far brighter than it once was. Much like many other countries, no official regulations are in place at this time. Even though the South African Reserve Bank has voiced its concerns with cryptocurrency before, they seem to admire the underlying technology that comes with it. SARB’s open-minded approach to handling this situation is definitely a positive sign. Especially when in comparison with Zimbabwe’s central bank, which has officially banned cryptocurrency.
Exchanges and operators
A multitude of bitcoin ATMs can be located all over South Africa, in cities such as Johannesburg, Nelspruit, Durban and Cape Town. More legitimacy will be available to the cryptocurrency industry within the country as official regulatory measures are put in place in regards to price etc.
Cryptocurrency exchanges will also likely be the first to benefit from the positive attitude the South African Reserve bank is displaying towards the industry.
We would love to hear about your feelings on cryptocurrency and central banks. Leave a comment and let’s discuss.
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Is NEO the “Chinese Ethereum” or is it even worth buying?

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Should you trade NEO?
As the race to make the next best cryptocurrency and blockchain application continues, we will be looking into the history of NEO coin. Did it kill Ethereum as many people were thinking? Although NEO is a fairly new cryptocurrency, it has wasted no time in becoming a serious competitor for Ethereum. ETH has been around for far longer. It is rivalling bitcoin as the second most used cryptocurrency by improving in a few areas where BTC falls short. Regardless of this, NEO still attempts to rival ETH.  NEO’s nickname is “ the Chinese Ethereum”. Simply, because it is extremely popular in China.
Both NEO and ETH are very similar. Both cryptos allow you to create Apps and smart contracts, this is the intention. Bitcoin is just a cryptocurrency, that’s why it’s not offering the same as NEO and ETH. In doing this, they both aim at the same target market. That’s why we’ve decided to make this post dedicated to explaining the ups and downs of NEO coin. We will be focusing mainly on NEO coin rather than Ethereum. Simply because of the fact that NEO is a Chinese crypto. Most of the information about it is not accessible to those who do not read or speak Mandarin.
The History of NEO
NEO is a blockchain and cryptocurrency platform designed in hopes of building a scalable network of decentralized applications.
Its initial release was in February 2014 as AntShares founded by Da Hongfei and Erik Zhang.
Part of the history of NEO starts in June of 2017. There was a brand name change and AntShares became NEO. In March 2018, NEO’s parent company Onchain decided to distribute 1 ontology (ONT) token for every 5 NEO coin held in a user’s wallet. This was used to vote on system upgrades, I.D verification and other governance issues on the NEO platform.
How the history of NEO continues. The Genesis Block was creating over 100 million NEO during the distribution period. 50 million NEo are sold to early investors. The rest are locked into a smart contract. NEO Development team is using 15 million NEO tokens every day, which the smart contract is unlocking for them. The reason is to fund any long-term development goals. NEO tokens generate a slow deflationary amount of GAS tokens used to pay for any transactions on the network. A Decaying half-life algorithm controls gas tokens and their inflation rate. Which is due to release 100 million GAS over the next 22 years.

What’s Next for NEO? NEO 3.0!
Here’s a sneak peek unveiled by NEO Core Dev Erik Zhang. https://t.co/Ln5NHZzKcs
— NEO Smart Economy (@NEO_Blockchain) July 10, 2018

NEO’s Thumbs Up
One of NEO’s main selling points for many people is that creating smart contracts is far easier. To program a smart contract using Ethereum, you will need a fair understanding of the Solidity programming language. NEO, on the other hand, make use of the common and already existing programming languages. Also, NEO has a built-in proof of stake system. This means far less energy is needed, resulting in cheaper and faster transactions. The proof of work systems used by Ethereum are fairly inefficient, however, there’s a chance Ethereum are working on this and it could change at any time. Also, the process of transferring coins between accounts is free on NEO.
Another benefit NEO has is its focused use cases and the design that lends it to specific applications. An example of this is NEO’s ability to digitise physical assets. This means the NEO blockchain will allow you to verify specific real-world assets you own such as a car or fiat currency etc. This is a huge step in linking the blockchain and the real world together.
NEO is also the only blockchain that is quantum computer proof. NEO released a whitepaper which includes a proposal for an “Anti-quantum cryptography mechanism” named NeoQS. The developers may eventually include this into the existing NEO architecture. Though it may not be an essential feature today, in a few years from now it may become important as quantum computing becomes more common.
Ethereum’s Thumbs Up
One of Ethereum’s main advantages over NEO is its proper decentralisation. At the time of writing this, Ethereum’s main net was being hosted across 15566 nodes all over the world. NEO, on the other hand, is concentrated down to only a few nodes. The NEO Council run most of these nodes. This is making the system centralised in its current state.
Ethereum has hosted the creation of a large number of different cryptocurrencies and has a seat very close to the heart of the blockchain technology. In the time of writing this, out of the top 100 tokens according to CoinMarketCap, 96 are hosted by the Ethereum blockchain.
Is NEO Worth it?
What does the short history of NEO tell us? Is Neo Worth it? Despite last year’s Chinese government crackdown on cryptocurrencies, NEO still flourishes. In January 2018, digital currencies saw a downward spike following the news of the Chinese and Korean government’s crackdowns on cryptocurrencies. However, amongst all the chaos, NEO still managed to stand tall and even keep going up for a few hours. And then it NEO started following the downward movement of the entire marketplace. Experts say this is a good sign that the coin’s backing and momentum is very strong. On January 15th 2018, NEO coin’s worth hit an all-time high of 196.85$ which is far higher than it was just a month prior which was only 33.64$.
One of the main reasons NEO has high prices is because it is able to pay out considerable dividends to any users that have a large number of tokens. With more use, the earnings can add up. They evenly distribute the GAS used as transaction fees, amongst NEO token holders.
Ethereum also pays dividends, although it may be much harder to get any. On the contrary to NEO, Ethereum users will have to own a considerable amount of ETH to stake before they can start earning any dividends. The creator of Ethereum, Vitalik Buterin, has set 1,000 ETH as the amount you need to start earning dividends. Eventually, it will be lower over the time.
Things to take into consideration
Now what for conclusion history of NEO tells us. Both Ethereum and NEO are smart contract cryptocurrencies. In this, they have many similarities but this does not deem them mutually exclusive. There may be a chance people overestimate the effects of competition in the cryptocurrency world, and you will find many people confidently stating that NEO will be the end of ETH and vice versa. The reality is, despite any major marketing moves by either party, there is no real way to predict the outcome. If you are considering purchasing any of these cryptocurrencies, please take into consideration that cryptocurrency is volatile, unpredictable and very speculative by nature.
Please be sure to do your research and have all your facts checked before you invest.
We love hearing from you, so feel free to leave a comment below
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What is a Private Key? Should you have one? Learn more about Bitcoin Private Keys

What is a Private Key? Should you have one? Learn more about Bitcoin Private Keys

The post What is a Private Key? Should you have one? Learn more about Bitcoin Private Keys appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
A private key is a sophisticated form of cryptography, which allows a user to access their cryptocurrency.
We have had many iCE3X users ask us what private keys are and whether or not they should get one. We have put together this blog post for our users to understand private keys better. Make sure you carry out further research and practice before making use of yours.
The simplest explanation of a private key in the context of Bitcoin is:
A private key is a secret number. This “number” will allow you to spend your bitcoins. Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all Bitcoin addresses generated for the wallet.
Because the private key is the “ticket” that allows someone to spend bitcoins, it is important that these are kept secure. Private keys can be kept on computer files, but in some cases are also short enough that they can be printed on paper.
What is a Public Address (or key)?
This is another alphanumeric address/number. You derive this number from private keys only, by using cryptographic math functions. One can not reverse engineer the public address in order to reach the private key from which it was generated.
A wallet owner will use this address to publicly receive bitcoins.
This what the standard Bitcoin public address looks like (it always starts with 1):
You use the address to broadcast and receive coins, furthermore, users can make as many public addresses as they want to receive bitcoins.
How does the Bitcoin network use private keys?

Private keys make irreversible transactions possible. That’s right, you can not reverse these transactions. Once it is sent it is spent.
They are the key to spending and sending your bitcoins to anyone and anywhere. The Bitcoin network will link mathematical signatures to each transaction whenever we use the private keys to send bitcoins. These signatures are responsible for guaranteeing the irreversibility of a bitcoin transaction.
For each transaction, these signatures are unique. We may generate them from the same private keys, but they are still totally unique. This feature makes them impossible to copy. The user can confidently use the same private key again and again.
How do we keep private keys safe?
If you don’t really understand all the technical stuff, that’s fine! You can still use Bitcoin, just make sure you always keep your private keys safe!
The Bitcoin network will accept any valid transaction bearing a valid signature. At the same time, any person in possession of a private key can sign a transaction. When you combine these two facts the result is stark. If someone has your private key they can steal your bitcoin.
Do you need a safe to keep private keys safe?
Many users prefer to use a hardware wallet to store their private keys. This way, you do not interact with the private keys, but rather use the hardware wallet interface.
You have to ensure that you keep your private key safe, many software wallets usually store private keys in a “wallet file” on the main hard drive. Wallets often place this file in a standard, well-known directory, making it an ideal target bitcoin-specific malware.
To counter this threat, software wallets offer an option to encrypt the wallet file. An attacker gaining access to your wallet file would then need to decrypt it. There are many methods of encryption. If you use stronger encryption and longer passwords it will require, more resources to decrypt (if possible at all).  You can encrypt many software wallets using a password or pin code.
If you want to know more about Private and Public Keys, watch this video:

In conclusion, REMEMBER the following:

If you don’t back up your private key and you lose it, you can no longer access your bitcoin wallet to spend funds.
Anyone Who Knows Your Private Key Can Steal Your Funds
Security Depends on Choosing a Good Private Key
You can transform a private key, which is just a number such as 42, mathematically into a public key. You then convert it into an address. Each step is irreversible.
Always do your research if you are unsure of the technical details.

What is your prefered method to store and manage private keys? Have you thought about using a managed custodial wallet and do you know the risks involved in doing so?
We would love to hear your opinion so feel free to comment below.
The post What is a Private Key? Should you have one? Learn more about Bitcoin Private Keys appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.