BURON

BURON

Next generation software for cryptocurrency mining ⛏

professional software for mining, monitoring and management of your cryptocurrency mining hardware

BURON project

We are creating next generation software for cryptocurrency mining. BURON allows to easily remote control and monitor your GPU or ASIC miners. It provides analytics on all possible indicators of the miner, pool and third services, high-performance ETH miner and solutions for mining hotels.
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Detailed information on BURC tokens technical part can be found in our White Paper and ICO section. Read our FAQ to get answers to the most frequently asked questions.
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Public sale of BURC tokens is the only source of project funding. Tokens are released on the Ethereum and are already used as an internal currency to pay for the BURON service. In the second quarter of 2018, it is planned to place BURC tokens on the exchange.

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price in ETH per 1000 tokens

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Detailed information about BURC tokens you can find in our White Paper (ICO chapter). Read our FAQ to get answers to the most frequently asked questions.

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BURON project development team has been working together for more than 10 years in the field of software development for businesses. We have a successful 4 years experience of developing software and consulting in the field of automation for the US market.

The projects implemented by our team within the framework of various events were acknowledged by IBM Corporation (Startup Village 2015) and Microsoft Corporation (Startup School SKFO 2015). Our team is the winner of the hackathon organized by the PERI Innovation Fund (Summa Group). And we really love what we do.
 

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What are Bitcoin futures? Complete Beginner’s Guide

As the essence of investment in cryptocurrency reviews itself and the development are surfacing, Bitcoin futures have available been written from 2017, and they are becoming even more accessible with the increasing number of transactions.

Bitcoin futures are one of the elements which actually affect the decisions implanted on financial instruments for cryptocurrencies like Bitcoin.

Now, most of the investors are looking forward to having speculation about the price of Bitcoin, and some are looking at the predictions without even owning any Bitcoin at all.

That is the reason why Bitcoin futures are providing regulation for speculative purposes and that too in an effective manner so that the risk of the price fluctuations can be controlled largely.

The Definition of Futures Contracts

Bitcoin futures are a type of agreement on a contract that it mentions precisely the transaction like the buying or selling of any asset at a prefixed price which also comprises of a date in the near future. Both of the parties are supposed to fulfill the terms of the contract when it expires by buying or selling the aforementioned Asset at the aforementioned price. This contract can be of two different types- long and short. The long contract comprises of the terms and conditions that the party will agree to buy the acid in the future at a predetermined price while the shot price comprises of the terms and conditions that the party will agree to sell the acid at the predetermined price when the contract expires.

Futures contracts are the kind of agreements that are supervised by the commodity futures trading Commission, and they mostly have two purposes:

  1. Determining the price fluctuation of the underlying asset
  2. Controlling the risk of price fluctuation

Let us take an example that in the first case the community that is to be bought and sold is oil- and the selling party is thinking that the price of oil will be rising to some extent by the time the contract ends. Now the predetermined price will comprise of the present rate of the barrel in addition to the profit that he or she is expecting by the time the contract ends.

Now what happens is by the time the contract ends the price actually goes higher than the predetermined price. Even then the seller will have to accept the amount that is mentioned in the contract, and he or she cannot claim for the increased price of the barrel.

Therefore, you can understand that whether the buying on the selling party will be making most of the profit will depend on the kind of price fluctuations that happen in the future. But with the help of contract system, the loss extent can be controlled incredibly. This means that even if the price drop occurs, the seller will be able to get the profit percentage without having any adverse effects on the transaction.

Let us take a look at some of the most amazing platforms that have been offered in Bitcoin futures trading

Institutions That Are Actually Offering Bitcoin Futures Trading

CBOE- it is one of the most prominent Bitcoin futures trading platforms that you can get in the entire globe, and it had launched its first contract in December 2017 right after the Bitcoin futures Idea was launched. It has been able to set an example before the other platforms regarding the Bitcoin futures trading and this event many of the Other platforms started this contract launching as well.

Chicago Mercantile Exchange Group –  Also known as the CME, this is Rashika ko based platform that holds the futures trading exchange. It has also been able to declare that it all throughout 2018 itself, it has been able to grow futures Bitcoin trading by at least 119%, which is an incredible performance.

Bitmex this is also one of the largest platforms for cryptocurrency exchange, and it offers numerous Bitcoin futures trading options even though it is not viable  by the US citizens.

Bakkt recently the name of this Bitcoin futures trading platform has turned up, and it is supervised by the Intercontinental exchange which again owns the NYSE.

OKEx- it is a Hong Kong-based Bitcoin futures trading platform, but once again it is not supporting the US citizens.

Bitcoin futures trading is one of the best options for the investors in order to eliminate all chances of risk, and it has a number of other advantages. It gives proper legitimacy to all the underlying assets and makes the buying and selling process even more transparent than it already is. Bitcoin futures trading system is one of the most welcoming and Revolutionary changes in the segment of cryptocurrency, and there are numerous platforms which are conducting Bitcoin futures trading thus putting a significant step forward.…

How Japan Police nabbed 12 people involved in Bitcoin Fraud

The craze to hold bitcoin has been increasing among the people. For this purpose, they are ready to commit any fraud or even indulge in kidnapping to realize the sizeable value of local currency. This is what has happened in Japan too where the police have arrested 12 people who have committed fraud worth $1.86 billion when dealing with a middle-aged businessman in exchange for bitcoin. The incident took place in July last year.

Fake Bills Provided

The victim has alleged that the fraudsters had offered to acquire bitcoin that is worth $1.76 million for $1.86 million in cash. That resulted in the businessman earning a clear profit of $93,000. However, he was cheated by providing fake bills in return for the virtual currency. That was a clear ploy adopted by the criminals to divert the attention of the victim and got access to the bitcoin, which witnessed a sharp increase until December last year from the preceding year.

The alleged fraud was the handiwork of Kenta Higashi, who was working in fruit and vegetable industry, apart from his 11 accomplices, btcmanager reported. All the 12 have given a lucrative offer to the businessman that he could not resist or say a firm no to the proposals. As a result, he was dragged into the net laid by the 12 accused. It only demonstrated that holding a bitcoin is more valued than gold because of quick realization of gain.

Based on the police investigation, it was reported that the alleged group of 12 criminals had presented about $1.85 million in cash to the victim’s agent at a hotel in Tokyo. Once the victim got to know that the agency has received the cash, he transferred the digital coin immediately to the fraudsters account through Yokohama cryptocurrency exchange. According to the investigating officials, fraudsters have already cashed out the transferred bitcoin whereas the victim has found that a big portion of the cash was only a counterfeit.

There is always an element of risk involved when dealing with over the counter (OTC) in respect of cryptocurrencies trading. While seven of the 12 were arrested on April 10, all the arrested people were pleading not guilty. Their motive was clear that they wanted to cash in on the booming digital currency market that saw a bumper year in 2017. The strong gain drove several people to resort to fresh techniques to loot money from investors.

Most of the Big Frauds

Incidentally, Japan has witnessed most of the big frauds since it was one of the most active markets or the second biggest as far as the cryptocurrency market is concerned. This included Mt. Gox and Coincheck. The recent statistics from the National Police Agency indicated that cryptocurrency scam had hit $6.2 million in 2017. Following the scams and thefts, the regulators in Japan have also tightened their screws on digital currency businesses.

The latest incident reminded a similar situation of 2017 when four persons had threatened an executive to giveaway the bitcoin that was in his possession. The victim managed to escape from the clutches of the fraudsters.…

Researchers find ‘Hodl Waves’ in bitcoin charts

A research named ‘Bitcoin Data Science: Hodl Waves’ part one was launched by the co-founder of Unchained Capital, Dhruv Bansal. Unchained Capital is a digital currency-based firm that lends financial advice. The report was finalized after few years of analysis of BTC network’s ledger of Unspent Transaction Outputs (UTXO) which aimed to explore the reason for Bitcoin to lose its value. Its findings suggested that new investor and materialized distinct holding periods were the main cause of bitcoin’s value.

The firm analyzed Bitcoin core (BTC) blockchain and the network’s UTXOs to come up with its conclusions. The blockchain technology uses a ledger mechanism named Unspent Transaction Outputs or UTXOs which is timestamped. The company has used this information to conduct its research throughout the years.

Unchained Capital’s research stated, “It is not possible to make charts such as the one above for traditional asset classes. It’s only bitcoin and other public blockchains that meticulously track these data throughout their whole histories. This enables post-hoc analyses of large-scale market behavior.”

It used a format of colored coded chart to calculate waves of age distribution inside digital currency’s UTXOs.

The research read, “This chart is fascinating because it displays the macroscopic shifts that have occurred in bitcoin’s ownership through history. Spikes in the bottom, warmer-colored age bands (<1 day, one day — 1 week, one week — 1 month) indicate large amounts of bitcoin suddenly transacting. The steady growth of the top, color-colored age bands (2–3 years, 3–5 years, >5 years) shows bitcoin that’s not being transacted with, idling between rallies — The interaction between these two patterns illustrates the behavior of bitcoin’s investors during market cycles.”

Eventually, the team was able to recognize a pattern after every rally which they named the ‘Hodl Waves.’ According to Unchained Capital, the wave gets created in response to the increase in BTC transactions towards market price spikes. After the pattern gets recognized, the UTXOs age with new owners. Bansal said, “[The] pattern of nested curves caused by each age band becoming suddenly much fatter (taller) at progressively later times from the rally.”

As of now the largest recorded ‘Hodl Wace’ occurred between 2013 and December 2017 when bitcoin’s value jumped from $1,000 to $19,000.

Currently, a new wave is forming after December’s spike and the following ‘Crypto winter”. It reflects that a 40 percent fall has been recorded in BTC fractions older than 12 months.

Bansal concluded, “After every great rally, there’s been a great Hodl. As the data shows us, there is already the development of another generation of holders settling in for the long haul.”

Bill Barhydt, CEO of American Express-backed startup Abra, said that with the inclusion of large-scale institutional money in digital currency bitcoin would rise. He specifically mentioned that investors would make “all hell break loose” in the coming years.

It should be noted that bitcoin is going through a period steady growth even after facing bans in China and India. It is expected that the currency will continue to move ahead and reach $20,000 mark again.…

Cryptocurrency related businesses and Bitcoin Exchanges create rival associations in Brazil

As if it is not enough to regulate the cryptocurrency market with the continuous updating of the framework, digital currency-related businesses and exchanges are encouraging rival associations in Brazil. This only indicated that they have failed to unite both to bring under one umbrella on the strength of the blockchain technology. Though the government has issued warnings, the South American country has moved onto the bandwagon of virtual currency.

Vibrant Digital Currency Ecosystem

Brazil is having a vibrant cryptocurrency ecosystem since it has more than 1.4 million crypto and bitcoin investors in the country. However, what was concerning was the formation of an association by coming together of renowned blockchain-related virtual currency exchanges to defend the rights of the big digital currency community.

This included evangelists, investors, and enthusiasts of digital coins. Bitcoin trade, Mercado Bitcoin, and Foxbit joined hands with smaller exchanges to establish an organization known as ‘Associacao Brasileira de Criptoeconomia (ABCripto). Similarly, there are other companies in the sector, who thought that ABCripto could not control the complete crypto population in entire Brazil, has resorted to a starting of association.

These companies are led by a company, Atlas Project, which provides fintech services in the region. This association is known as Associacao Brasileira de Criptomoedas e Blockchain (ABCB). Significantly, both the associations have different views in respect of how the virtual currency ecosystem could be regulated. None-the-less, they have a common objective, i.e., to make sure that the cryptocurrency industry is vibrant and favorable enough to businesses in Brazil.

ABCripto has indicated its determination to ensure that its association takes care of the majority of crypto-connected businesses in Brazil. The association is also keen to demand that cryptocurrencies should be treated as assets. Its VP, Natalia Garcia, indicated that the association was waiting for proper directives to be issued by the regulator. The VP disclosed that she came to know about the other association only recently.

However, she reiterated that the association is looking forward to unveiling action in alliance with some bitcoin exchanges in the upcoming weeks. She added, “I’m concerned an association does not have any relevant exchanges. Everybody on the market knew we were building an association and getting ready to talk to other players in the market.”

Open To Any Regulatory Framework

On the other hand, ABCB showed its openness to any kind of regulatory framework. However, it should not suppress the growth of the cryptocurrency ecosystem. Its president, Fernando Furlan, disclosed that his body would do everything to defend digital currency markets in the country.

The president was categorical when he said that regulations should not put an end to innovation. He pointed out about the ambiguity from a legal angle and said that based on the purposes, it should be allowed to be considered as payment means or a financial asset.

Incidentally, ABCB has been in existence since October last, i.e., before ABCripto was established. However, the two bodies are ready to forget about questionable activities of each other and focus more the tasks ahead of them.…

Bitcoin powered social media could be real, says yours developer Ryan X Charles

Creator of innovative social networks Yours.org Ryan X Charles recently sat with news.bitcoin.com for a detailed interview about his project’s future. The low-fee network launched in August 2017, uses bitcoin cash (BCH) for making micropayments. Charles talked about the future ofcryptocurrencies, social networks and why he didn’t create a native coin for Yours.org.

On being asked about the challenge that crypto-social networks posed to established networks like Reddit and Facebook, he said that the two giants are not going away anytime soon. They will have to change the way they work if they have to survive. He mentioned that advertisements would cease to be the dominant mechanism for funding on social media and micropayment alternatives will become a reality.

 

He said, “I’d expect within five years these major companies are going to either embrace cryptocurrency in some sense or then they are going to have a problem.”

His platform is a direct contrast to another crypto-powered social media platform Steemit which uses a native cryptocurrency for making payments. However, Charles believes that using bitcoin cash is a more rewarding option than using a platform coin like Steemit. In his opinion, cashing in and out of a relatively larger coin like BCH is very easy for the users. They can also convert their money into fiat currency quickly when the need be. This makes BCH more acceptable at platforms like this.

Additionally, buying products from stores is relatively easier with BCH, one of the largest coins by market capitalization. The tokens could also become illegal in different countries, because of which depending on a more reliable and acceptable currency in the market is a far better idea.

He added, “All of those properties are just more desirable on bitcoin cash, and furthermore I just think — What is the future people want to see? I think it would be really annoying if in the future every store had its own token. And you gotta have a different token for every app or every platform — there should be one, bitcoin cash that we use for everything. Just internet money and we can use it wherever we want because it’s universally accepted.”

Charles believes that using one coin or a small bunch of coins will help in creating a user-friendly environment which will help in the adoption of cryptocurrencies as well as social networks that use them. Working collectively in scaling BCH with his developers as well as the BCH community, he believes that the currency will experience a network effect. He also went on to say that bitcoin cash is the biggest blockchain in the world that actually works.

Talking about regulations, he mentioned that Yours.org is regulation proof. The network has been designed in such a way that there is no regulation of user’s funds or what they do with it. Therefore, the network simply becomes a catalyst in transactions, without holding anyone’s digital assets.

An astrophysics student at Washington University, Charles previously worked for BitPay as a lead developer and started Yours.org in 2015. He will also be appearing for the inaugural CoinGeek Conference in May next month.…

Tom Lee bullish on Bitcoin, expect prices to move up to $25,000

As bitcoin prices surged by over $1,000 in less than one-hour, bullish investors finally found some relief. The sudden upsurge in prices, following a two week long sideways movement is helping the bulls recalibrate their positions and think about the next breakout at over $8,000.

Bitcoin watchers were also thrilled as a longtime supporter and crypto bull Tom Lee said that the value of the primary crypto is set to triple by the end of this year. He is the co-founder and head of research at Fundstrat and frequently shares his bullish insights on the market. Talking to CNBC on Thursday, he said, “We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year.”

At the time of mid-afternoon on Thursday, the crypto was trading at $7,662. If Lee is to be believed, the currency could spiral into a bullish pattern, reaching $25,000 by the end of 2018. If this has to happen, the investors will experience a 225 percent increase in the value of their coins in the next 8 to 9 months.

However, considering the currency position, it looks that reaching the highs is rather difficult. After reaching a price of over $19,000 in mid-December, bitcoin came crashing. In fact, since the highs, the price of the currency has dropped by over 61 percent, with a 28 percent drop in April only. Even after the coin surged quickly and aggressively for about 3 hours, it started having off the gains too.

Lee is assured that these problems will not hamper the coin’s march to $25,000. He said that it is high time that the coin ‘recouped those losses.’ Lee said, “It’s overdue. Bitcoin was incredibly oversold. When you look at metrics like price-to-book, which is ‘money cost,’ or our bitcoin misery index, it’s pretty much what you saw at the end of the 2014 bear market, not the start.”

Earlier, he said that Tax Day is making the currency move into the oversold zone. He said that investors in the US could owe as much as $25 billion in taxes to the authorities, which could make up for 20% of the total receipts for 2017. This year, Tax Day falls on April 17th as April 15th is a holiday. Lee is confident that prices will jump back as investors who dumped cryptos for dollars will return to the market. He said, “As a consequence, if this analysis is correct, selling pressure for bitcoin should be alleviated after April 15th.”

This is not the first-time bitcoin has entered a bear market. After the Mt. Gox incident, the currency remained relatively low profile in 2014 and 2015, with prices hitting rock bottom in mid-January 2015. Even at the current low levels, prices as 43 times as high as 2015. This time, the bearish trend has continued, especially since the end of March which is making investors feel fear. At the same time, several authorities around the world are cracking down on exchanges, creating more FUD. Therefore, a bullish reversal will have to wait till at least mid-April.…